I Read The News Today Oh Boy! 24-Sep-2018

Monday, Sep 24 2018 by
15

Morning all!

Gama Aviation ( Gama Aviation (LON:GMAA) ) – 194p – £123.4m – PER 8.39

Interim Results For The 6 Months To End June 2018 – Revenue and Gross Profit both down slightly but there’s now Net Cash of $21.1m versus a Net Debt of $14.3m last time.  FY expectations unchanged.

I remain Neutral.

Instem ( Instem (LON:INS) ) – 300p – £47.7m – PER 19.5

Interim Results For The 6 Months To End June 2018 – Revenue up slightly, Adjusted PBT up from £0.1m to £0.8m and EPS or 4.7p (0.2p last time).

Still quite like this and taking part in a break-out above 325p could prove sensible. Going on the Watchlist.

Kape Technologies ( Kape Technologies (LON:KAPE) ) – 131p – £185.9m – PER 27.3

Interim Results For The 6 Months To End June 2018 – Revenue down 10% or so with Adjusted EBITDA up 45% or so, over $60m in Cash - FY to be in-line with expectations.

I am currently long here and will monitor the market reaction to this update.

Nasstar ( Nasstar (LON:NASA) ) – 11.8p – £67.8m – PER 19.5

Interim Results For The 6 Months To End June 2018 – Revenue up 6% with Operating Loss reduced by 65%.

I remain Neutral here.

Pennant International ( Pennant International (LON:PEN) ) – 123p – £40.5m – PER 12.4

Interim Results For The 6 Months To End June 2018 – Revenues of £13.2m (H1 2017: £9.6m), PBT of £2.03m (H1 2017: £0.94m), Basic EPS of 6.17p (H1 2017: 2.84p) – FY to be in-line.

First time coverage here but I will look into this a little more as forecasts (on Stockopedia) look OK, for a PER of 12 or so.

Spectra Systems ( Spectra Systems (LON:SPSY) ) – 98p – £44.7m – PER 17.5

Interim Results For The 6 Months To End June 2018 – Revenue up 11% with Adjusted EPS up 30% - Expects to perform well for the remainder of the year.…

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Gama Aviation plc, formerly Hangar 8 PLC, is a global aviation services company. The Company provides management, charter, special missions, logistics, maintenance, design and fixed base operations (FBO) services to its business aviation customers. The Company's segments include US: Air, US: Ground, Europe: Air, Europe: Ground, MENA: Air, MENA: Ground, Asia: Air and Other. Its aircraft and fleet management service provides the operational management and control of the asset for clients to outsource their flight departments. Its special mission service provides the operational management and control of the assets for specialist fleet users, such as the emergency services, infrastructure providers, civil intelligence agencies and civil/military partnerships. Its maintenance service provides base and line maintenance support for aircraft. Its FBO service enhances airport utility by providing business aviation infrastructure and operational management. more »

LSE Price
87.5p
Change
-5.4%
Mkt Cap (£m)
58.8
P/E (fwd)
9.3
Yield (fwd)
3.1

Instem plc is a supplier of information technology (IT) applications to the early development healthcare market delivering solutions for data collection, management and analysis across the research and development continuum. The Company is engaged in Global Life Sciences operations. Its lead product suite, Provantis, is an application in the Early Development Safety Assessment (EDSA) market. The Provantis solution incorporates a suite of modules required for managing and recording EDSA studies, from receipt of the compound through to the automated assembly of statistical analyses and final reports. Its software allows scientific staff to collect, analyze and share data across the organization and externally. It also offers ALPHADAS, an early phase clinical software solution. The Company offers Centrus suite, which provides pre-built applications, as well as the ability to utilize a range of business intelligence and analysis tools. more »

LSE Price
338p
Change
 
Mkt Cap (£m)
55.1
P/E (fwd)
19.6
Yield (fwd)
n/a

Kape Technologies PLC, formerly Crossrider plc, is a United Kingdom-based online distribution and digital product company. The Company operates through three segments: App Distribution, Media, and Web Apps and License. Through the App Distribution segment, the Company offers Reimage, a computer repair software; DriverAgent, a driver repair software; CyberGhost, a virtual private network solution, and associated services. The Company’s Media division provides media and advertising technology services that include media buying, ad agency services, and ad serving technologies. It offers Ajillion, a mobile ad server and exchange; Definiti Media, an advertisement network, and crossmob, a mobile marketing application. Through the Web Apps and License division, the Company licenses web apps monetization platform and associated technologies. more »

LSE Price
84.5p
Change
4.6%
Mkt Cap (£m)
116.4
P/E (fwd)
12.9
Yield (fwd)
n/a



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


6 Posts on this Thread show/hide all

MrContrarian 24th Sep '18 1 of 6
5

My morning smallcap tweet:

Avanti Communications (LON:AVN), Fireangel Safety Technology (LON:FA.), PHSC (LON:PHSC), Cyanconnode Holdings (LON:CYAN), Versarien (LON:VRS)

Avanti Communications (AVN) wins wholesale capacity sale worth $12m PA over 7 years. Starts in a year.
FireAngel (FA.) wins exclusive supply of smoke and heat alarms to St. Leger Homes which works in partnership with Doncaster Council, providing housing services in the social and private sectors across over 22,000 properties.
PHSC (PHSC) AGM stmt. 4 months to end July rev £2m and EBITDA £125k (£2.4m and £134k). Rev fall due to discontinuation of asbestos consultancy business, and lower income related to retail security products and services. Expects to net £290k from sale of property previously occupied by the asbestos management business.
CyanConnode (CYAN) wins $2.9m five-year support and maintenance contract for the Omnimesh smart metering sale announced last week.
Versarien (VRS) raised £5.2m (more than planned) at 145p via PrimaryBid.

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andrea34l 24th Sep '18 2 of 6
1

I bought my initial holding of Miton (LON:MGR) at about 42.3p and topped up in July at 66.8p. The price since seesawed, but on these results I am tempted to buy more, they seem ridiculously cheap and doing a comparison on Stockopedia they look the best punt in this sector. I wish I'd god up a bit earlier, and been able to buy at 68 :-( Currently watching...

I've held Spectra Systems (LON:SPSY) for nearly a year, the price has been like a yo-yo despite all results showing good progress. Their business is making compounds and systems for bank note security. I'll hold and hope for a further jump. I've decided these are a share one trades in rather than holds.

Pennant International (LON:PEN) results look good, I'm just slightly worried of the order book being down. The Stockopedia page makes them look a bit wishy-wahsy...

Xpediator (LON:XPD) results look good... but I'm just a bit unsure that all this growth has translated into no adjusted eps growth. The stockrank is also only 65. Do you have a comment on those points please Matylda?

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matylda 24th Sep '18 3 of 6
1

I bought into Miton (LON:MGR) myself today.

Pennant International (LON:PEN) - Yes, noticed that too and thought I had typed it out but I clearly didn't.

Xpediator (LON:XPD) - If I had a concern it was that lack of progress in Adjusted EPS (the Dividend increase helped a little). I will probably hold through to FY though unless there's a 20% price correction.

Blog: Briefed Up
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andrea34l 24th Sep '18 4 of 6
1

In reply to post #401319

I think the Miton (LON:MGR) buy is a good decision, I ploughed ahead with my third purchase... and nearly in profit already on that trade, assuming if I sold the whole lot with the selling fee spread. Of course, I won't be doing that :-)

Xpediator (LON:XPD) are on one of my mirror watch accounts... unfortunately the one without any structure attached to it (such as QM or ROCE-related ones).

Thanks for replying :-)

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iwright7 24th Sep '18 5 of 6
1

In reply to post #401319

I doubled up on Miton this morning too. Will be interesting to see what the new H1 Stocko factor numbers reveal? Ian

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smilingmickey 27th Sep '18 6 of 6
1

I have a small holding in Spectra Systems.
Having read through previous RNSs I have some understanding of this Company. However there is very litle given away regarding the main industries it is in (supplying technology/products to Central Banks/ diversifying into brand authentication. Considerable IP and bank security mean expecting continuing mystery!
However the numbers for the last couple of years have been stonking. Reported EPS for the current half year is comparable with 2017 full year figures. Cash generation (given that a full annual divi was paid in June) has been very high in the latest 6 months report.
The share price may be volatile because of the small amount of trading, but the long term prospects seem very attractive and value should always come out at some point.
I like Companies who employ few people and make significant margins on relatively small turnover.
Will keep holding.

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