I Read The News Today Oh Boy! 23-Apr-2018

Monday, Apr 23 2018 by
16

Morning all!

D4t4 Solutions ( £D4T4 ) – 155p – £58.9m – PER 13.5

Trading Update For The 12 Months To End March 2018 – Revenue to be circa £20, Adjusted Profit expected to be slightly ahead of management expectations, Net cash £3.9m - Enters the new financial year in robust shape with an encouraging pipeline & opportunities ahead. Confident of meeting 2019 expectations.

Looks OK but around this level, seems reasonably priced to me.

Lok’n Store ( Lok'n Store (LON:LOK) ) – 412p – £121.3m – PER 30.8

Interim Results For The 6 Months To End January 2018 – Revenue up 5.7% to £8.82m, Adjusted PBT £2.55m up 21.3%. NAV is £4.18, up from £3.87. “Positive momentum carried into second half, continues to grow strongly”.

I see decent downside protection here, there’s a decent 2.5% or so Dividend and potential for growth. Not enough though to tempt me away from my Neutral stance at present.

Tax Systems ( Tax Systems (LON:TAX) ) – 81p – £65.4m – PER 16.8

Audited Results For The 12 Months To End December 2017 – LFLRevenue up 17% (2017: £15.1m, 20161: £12.9m), but still making a loss. Stockopedia has it forecast at £4.0m profit and EPS of 4.24.

I just don’t like this – And, the Net Debt, although reduced 16%, is still quite large (£20.5m). Probably because I don’t properly understand the accounting here (there’s much easier numbers to analyse out there) this is going on my Avoid list for now.

Safestyle UK ( Safestyle UK (LON:SFE) ) – 80p – £66.2m – PER 7.16

Trading Update And Directorate Change – Competitor means market share has been weak – Expects Revenue and Underlying Profit to be significantly below market expectations. Recommending proposed 7.5p Dividend is cancelled. Board change – Whatever.

Suffice to say this is remaining on my Avoid list – Like, forever.

FairFX ( FairFX (LON:FFX) ) – 100.04p – £155.4m – PER 20.4

Audited Results For The 12 Months To End December 2017 – Revenue £15.5m (2016: £10.2m), an increase of 52% (33% LFL), Adjusted PBT of £0.9m (2016: loss £1.6m)…

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D4t4 Solutions Plc, formerly IS Solutions Plc, is a United Kingdom-based company, which focuses on data solutions for its clients to provide end-to-end management of the entire data lifecycle, from its initial creation through the manipulation, analysis and management of the data all the way through to its eventual retirement into industry-compliant archives. Its segments include License sales, Project work and Recurring revenues. Its market focus areas include Data Collection, which captures data from any digital channel through its division, Celebrus Technologies; Data Management, which includes the secure storage and management of all forms of data, either in the cloud or on client premises, for presentation through multiple devices and applications; Data Analysis, which focuses on delivering value through analytics capabilities, and Data Solutions, which includes areas, such as Web and mobile application development, systems migrations and upgrades, and Software-as-a-Service. more »

LSE Price
256.9p
Change
0.8%
Mkt Cap (£m)
100.1
P/E (fwd)
19.0
Yield (fwd)
1.2

FairFX Group Plc is a provider of foreign exchange (FX) payment services to both private clients and corporations through prepaid currency cards, travel cash and international money transfers. The Company's segments include Currency cards, FairPay, Dealing and Central. It sells foreign currency through technology platforms offered on the Internet. It has a cloud-based peer-to-peer payments platform that enables personal and business customers to make multi-currency payments in a range of currencies and countries, and across a range of FX products through an integrated system. It offers prepaid currency cards, including Euro Card and US Dollar Card. Its travel cash service offers delivery of banknotes directly to customer using Royal Mail. Its international payments service includes FairPay, which offers a solution for payment of property maintenance and mortgages; payment of expenses abroad; buying goods or services, and sending money to family and friends, among others. more »

LSE Price
114.8p
Change
1.6%
Mkt Cap (£m)
185.3
P/E (fwd)
15.6
Yield (fwd)
n/a

Lok'nStore Group Plc is engaged in providing self-storage serviced and document storage and management services. The Company's segments include self-storage, and serviced archive & records management. It offers self-storage to both household and business customers at its centers. Its personal storage includes storage rooms, student storage, forces and services, and space estimator. Its business storage includes pallet storage, warehouse space, self-storage archiving, flexible office space, multi-site business storage accounts, and eBay and online business. It operates approximately 39 self-storage centers and over two serviced document stores in Southern England. Its personal and household self storage is available at various locations, such as Aldershot, Basingstoke, Bristol, Crawley, Eastbourne, Fareham, Harlow, Swindon and Maidenhead. more »

LSE Price
500p
Change
1.0%
Mkt Cap (£m)
146.4
P/E (fwd)
38.5
Yield (fwd)
2.6



  Is LON:D4T4 fundamentally strong or weak? Find out More »


4 Posts on this Thread show/hide all

MrContrarian 23rd Apr '18 1 of 4
7

My morning smallcap tweet:

Safestyle UK (LON:SFE), £D4T4, Paragon Entertainment (LON:PEL)

Safestyle UK (SFE) warns again 4 weeks after last one. New competitor really hurtng them now. Guides FY rev and underlying pretax significantly below current market expectations. Has cancelled propoese final div of 7.5p. Chmn resigns.
D4T4 Solutions (D4T4) FY trading: rev c.£20m with adj. profits slightly exceeding management expectations. Which are what?
Paragon Entertainmnt (PEL) warns on FY nearly 4 months after FY end! "As the work on the results for the year to 31 December 2017 moves to completion..." Busy watching box sets are you? Guides rev broadly in line but EBITDA only £200k due to major cost overruns in the design, manufacture and delivery on two large projects delivered during Q4. Will slash costs by £400k PA. Uninvestable.

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andrea34l 23rd Apr '18 2 of 4
2

I think the increase in EBITDA for Zoo Digital (LON:ZOO) is disappointing considering the huge rise in revenue...

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matylda 23rd Apr '18 3 of 4
1

In reply to post #355988

Zoo Digital (LON:ZOO) stated the same figures in March using the term "at least" so I am only guessing the market was maybe expecting the latest "at least" to have been different (better). That's perhaps whats made it even more disappointing - Guessing!

Blog: Briefed Up
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andrea34l 23rd Apr '18 4 of 4
1

This looks a good update from SysGroup (LON:SYS) on the face of it (I don't know anything about them):

The Group is pleased to report that revenue and adjusted EBITDA from continuing operations will be in line with market expectations having grown by 46% and 63% respectively since FY17. The results will also provide further evidence that the Group is firmly established as a trusted provider of Managed IT Services, where recurring revenue represents over 71% of the Group's total.  

Rockford IT, which was acquired in November 2017, is performing in line with management's expectations and the successful integration of the business is largely complete with the deferred consideration of £1.0m paid in full following achievement of the integration milestones.

During the second half of the year, the Group invested more in direct marketing, developing in-house expertise rather than relying on external agencies, and the results have been compelling as evidenced by the recent contract win of T.J. Morris Limited and growing order inflows.

The Board, therefore has taken the decision to further increase its investment in the Group's new business capability in FY19 to capitalise on the market opportunity to drive organic growth whilst also continuing to seek acquisitions of other complementary businesses like Rockford IT.

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