I Read The News Today Oh Boy! 24-Aug-2017

Thursday, Aug 24 2017 by
24

Morning all! 

Camellia (CAM) – Was expecting an update today but could find none, here are some quick notes I made – This is a company engaged in agriculture, banking and financial services, engineering, food service and investment. It’s a company that makes a profit, then doesn’t, a company with a low ROCE, a tiny Dividend and one that has gone nowhere in 5 years (check the chart - Always worth a look at the 1 year and 5 year chart in my view). I have no interest in companies like this until I read an update that might make a difference, something that might get it out of that 5 year rut.

CPPGroup (CPP)Half Year Report To End June 2017 – This company is engaged in the provision of assistance products such as Card Rescue, Card Protection, Identity Safe, Phonesafe and Travel Assistance. The Annual figures are really hit and miss, mainly miss, for me. Falling Revenues, Loss/Profit/Breakeven (2014 – 2016), sporadic ROCE. It does have cash and this report mentions that this is “the first period of growth in over five years”. Stockopedia doesn't like it much (with a Stock Rank of 35) and neither do I - Could be more interesting if the next report is a second period of growth (one swallow does not make a summer and all that!).

Macfarlane (MACF)Interim Results For 6 Months To End June 2017 – This company which is engaged in the designing, manufacturing and distribution of packaging products has been on my radar all year to be honest. Always quite fancied It around the 60p mark with a, say, 50p Stop. There’s quite a lot to like, rising Revenues, Profits, EPS, a ROCE of 15%, a decent well covered 3% Dividend. Any downside is that 20% of Mkt Cap Net Debt but the ROCE of 15% means that’s less scary to me.  Based on the fact it’s doubled in the past 5 years and it’s on a PER of 10 I wonder why I am not involved here from the 60p area (I've had my chances).  This update is actually as one would expect, a 10% rise in Revenue, 26% rise in PBT, a 9% increase in the Interim Dividend, EPS up 13.4% and Net Debt…

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Camellia Plc is engaged in agriculture, banking and financial services, engineering, food service and investment. The Company's segments include Agriculture, Engineering, Food Service, and Banking and Financial Services. The Agriculture and horticulture business includes tea, macadamia nut, pistachios and almonds, pineapples, avocados, citrus, livestock, forestry, rubber and wine. The Engineering and manufacturing business includes machining, metal fabrication, assembly, cutting, metal finishing services and other general engineering services. The principal geographical areas in which the Company operates include the United Kingdom, Continental Europe, Bangladesh, India, Kenya, Malawi, North America and Bermuda, South Africa and South America. The Company's subsidiaries include Amgoorie India Limited, Duncan Brothers Limited, Kakuzi Limited, The Mazdehee Tea Company Limited, AJT Engineering Limited, British Metal Treatments Limited, Affish BV, DDY Nominees Limited and Affish Limited. more »

LSE Price
10400p
Change
3.0%
Mkt Cap (£m)
279
P/E (fwd)
30.8
Yield (fwd)
1.5

CPPGroup Plc is engaged in the provision of assistance products. The Company operates through three segments: UK and Ireland; Europe and Latin America, which includes Spain, Italy, Germany, Turkey, Mexico, Portugal, France and Brazil, and Asia Pacific, which includes India, Hong Kong, China, Malaysia and Singapore. The Company operates assistance business in the United Kingdom and overseas within the financial services and telecommunications sectors. The Company operates a business-to-business-to-consumer (B2B2C) business model providing services and retail, wholesale and packaged products to customers through Business Partners and direct to consumer. Its assistance products help to provide security. The Company's products include Card Rescue, Card Protection, Identity Safe, Phonesafe, Packaged Accounts and Travel Assistance. Card Rescue is a membership service that gives users around the clock assistance to cancel their lost or stolen cards and sort out replacements for user. more »

LSE Price
5p
Change
 
Mkt Cap (£m)
43.1
P/E (fwd)
9.9
Yield (fwd)
n/a

Macfarlane Group PLC is a United Kingdom-based company, which is engaged in designing, manufacturing and distribution of packaging products. The Company's segments include Packaging Distribution, which is engaged in distribution of packaging materials and supply of storage and warehousing services in the United Kingdom, and Manufacturing Operations, which is engaged in designing, manufacturing and supplying of self-adhesive labels to a range of fast moving consumer goods (FMCG) customers in the United Kingdom, Europe and the United States. The Company's business operates approximately 18 Regional Distribution Centers (RDCs) supplying customers with a range of packaging materials and services. The Company's Macfarlane Packaging Distribution serves in various sectors, such as Internet retail, third party logistics (3PL) and aerospace. Its Macfarlane Labels serves in various sectors, such as health and beauty, food and household goods. more »

LSE Price
107.5p
Change
1.4%
Mkt Cap (£m)
167
P/E (fwd)
13.0
Yield (fwd)
2.4



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


9 Posts on this Thread show/hide all

Edmund Shing 24th Aug '17 1 of 9
2

On Sopheon (LON:SPE), I think you meant net cash? $11.5m of cash held as at the half-year, $6.6m net cash after subtraction of debt, or c. £5.2m. Represents not far off 20% of pre-opening market cap.

Blog: The Idle Investor
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matylda 24th Aug '17 2 of 9
1

In reply to post #211863

Sorry I am much simpler than that, I just use the figure from Stockopedia...

Net Debt -$4.25m

But, did notice it is $ not £ so have corrected from 15% to 10%.

Blog: Briefed Up
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runthejoules 24th Aug '17 3 of 9

I think now the attraction with Sportech (LON:SPO) is that it's primarily a US-based betting software and live venue company, having sold the Football Pools, yes those! And as such it is likely to be taken over by some big Vegas company. I have a small position after being alerted to it by th Naked Trader.

SPE - I hold a larger position, having failed to sell at recent highs and having added at recent lows. It's good to have a shopping list for a crash or black swan at these levels - I may de-risk a bit.

By the way, these updates are very useful Matylda thankyou, is there a set time they come out?

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matylda 24th Aug '17 4 of 9
2

In reply to post #211903

Thanks for the input and kind words - I do my best to hit the 08:00 open - It's a struggle some days but I am usually there or thereabouts.

Blog: Briefed Up
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Graham Ford 24th Aug '17 5 of 9

Playtech (LON:PTEC) are down over 4% at the time of writing on release of half year results.

30% revenue growth at constant currency. 10% excluding acquisitions. Adjusted EBITDA up 24% at constant currency.

" In line with guidance given at FY 2016 results"

"Taken all together, this proven platform for growth across the business has again delivered a strong performance and management remain confident of further strategic progress in the second half of 2017."

So results look pretty good but perhaps the market was expecting results that exceed expectations.

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dfs12 24th Aug '17 6 of 9
1

In reply to post #211878

Great to have these. Nice work. However I think Edmund was just meaning the word "debt" should be replaced by the word "cash". i.e.negative debt is cash.
If I was writing these at any time of day then there would be bucket loads of typos - so no criticism meant.

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matylda 24th Aug '17 7 of 9

In reply to post #211933

Got ya - No worries - have added a minus sign to that Net Debt reference. Thanks for taking the time for comment.

Blog: Briefed Up
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Ramridge 24th Aug '17 8 of 9
1

Re. Sopheon (LON:SPE) Yes, this share was on a tear last year and notched up some impressive gains. Eps growth was over 200% in 2016.
But I just get the feeling that it has been running out of steam since. Maybe no longer a growth share?
Today's figures give revenues growth 9% ; eps growth 9% and net profits up 12%.
According to stocko data, broker forecast is negative eps growth for 2017, although today's HY returns makes that a little harsh.

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Beginner 24th Aug '17 9 of 9
1

In reply to post #211908

Just to let you know Camellia (LON:CAM) report tomorrow.

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