I Read The News Today Oh Boy! 25-Jun-2019

Tuesday, Jun 25 2019 by
17

Morning all!

1PM ( 1pm (LON:OPM) ) – 42p – £37m – PER 5

Trading Update For The 12 Months To End May 2019 – Revenue to be up 6% with PBT (before exceptionals and share based payments) up 4%, EPS to be up 2% or so. 50% of current year revenue already secured.

I am long here and I was expecting better than this – Will monitor the market reaction this morning.

D4t4 Solutions ( £D4T4 ) – 250p – £98m – PER 19.7

Results For The 12 Months To End March 2019 – Strong year, Revenue up 37% (to £25.24m), Adjusted PBT up 48% (to £6.02m), Adjusted Diluted EPS up 57% (to 13.89p), Net Cash up 185% to £11m and the Dividend is up 20%. New year trading in-line.

Still looks overvalued here (based on forecasts), so I will keep an eye out for any upgrades.

Gear4Music ( £G4M ) – 230p – £48m – PER 50.7

Results For The 12 Months To End March 2019 – Revenue up 48% and it's a Loss of -£0.163m versus a Profit of £1.386m last time.

I remain unconvinced here.

IEnergizer ( iEnergizer (LON:IBPO) ) – 206p – £392m – PER 13.8

Results For The 12 Months To End March 2019 – Revenue up 11.8%, PBT up 47.1% ($40.8m), Margin up from 17.7% to 23.1%, EPS up over 50% from 11c to 17c, Dividend 10.4p (none last time) and will be progressive, Net Debt down from $26.4m to $3.9m.

Still lots to like here and sometimes I try a sneaky order but never get filled, the spread can be 10% here!

Morses Club ( Morses Club (LON:MCL) ) – 150p – £195m – PER 10.3

AGM Statement – Challenging but current trading remains in-line.

I will say the same thing as last time I covered this “Always quite liked this, decent growth and yield (5% or so). I reckon there’s some value here however the potential risk of more regulation just makes me shy away from that Buy button.”.

Northgate ( Northgate (LON:NTG) ) – 322p – £429m – PER…

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1pm plc is a holding company. The Company provides financial services to the United Kingdom businesses. The Company finances a range of business assets to small and medium sized enterprises (SMEs). The Company offers small business loans, lease finance and hire purchase. The Company's leasing portfolio consists of a mixture of sectors and assets, such as garages, cleaners, fish and chip shops, and beauty salons. The Company offers equipment finance and hire purchase finance for various assets, such as Beauty equipment; Cleaning equipment; Manufacturing equipment; Medical equipment; Gym equipment; Catering/kitchen equipment; Restaurant/cafe/pub equipment; Copiers, faxes, scanners, projectors and printers; Security systems; Construction equipment; Furniture; Computers/Servers and hardware, and Telecoms equipment. The 1pm SME loan product is available to various businesses. The money borrowed can be used for various purposes, such as Audit fees, cash flow and Website design. more »

LSE Price
26.5p
Change
2.9%
Mkt Cap (£m)
23.2
P/E (fwd)
4.3
Yield (fwd)
4.2

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
230p
Change
 
Mkt Cap (£m)
92.6
P/E (fwd)
16.0
Yield (fwd)
1.5

Gear4music (Holdings) plc is engaged in the online retailing of musical instruments and equipment. The Company sells its own-brand musical instruments and music equipment alongside with other brands. The Company offers over 1,500 products, which are sold under approximately eight brands, including Gear4music; Archer, which offers string instruments, such as violins, cellos, violas and double bass; Redsub, which offers bass guitar amplifiers and pedals; SubZero, which offers guitars, amplifiers, mixers, speakers and audio electronics; Minster, which offers digital pianos; Rosedale, which offers woodwind instruments, such as clarinets, flutes, oboes and piccolos, and Brass Instruments, which offers trumpets, trombones, tubas and French horns. The Company has developed its own e-commerce platform, with multilingual, multicurrency and responsive design Websites covering approximately 19 countries. more »

LSE Price
185p
Change
 
Mkt Cap (£m)
38.7
P/E (fwd)
25.6
Yield (fwd)
n/a



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


2 Posts on this Thread show/hide all

MrContrarian 25th Jun 1 of 2
3

My morning smallcap tweet: FireAngel starting to warm up

1pm (LON:OPM), Fireangel Safety Technology (LON:FA.), £D4T4, £G4M

1pm (OPM) guides FY EPS up only 2%. Extra investment in FY20 to deliver growth plan means FY20 will be "one of investment and consolidation with future benefits being derived from these actions in ensuing years." Smells like a fancy sauce to make needed spending more palatable.
FireAngel (FA.) guides H1 slightly ahead of budget.
D4T4 Solutions (D4T4) FY lightly ahead of market expectations with rev up 37%, adj EPS up 57%.
Gear4music (G4M) FY slight beat with rev up 48%, pretax -£0.2m. Outlook: "starting to see the benefits of a more rigorous focus on margin". I hold.

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Zipmanpeter 25th Jun 2 of 2
2

Re Morses Club (LON:MCL) - Personally, I think that regulation will be manageable/a benefit to in addition to Morses Club (LON:MCL) as they will gradually mop up lots of the smaller players for who regulation will become overwhelming. The bigger risk (which they are mitigating slowly) is that cash will rapidly disappear over the next 5 years even amongst their target demographic. Their consumer may want it but everyone else (apart from criminals and the libertarian right) wants shot of it as it is more expensive to manage and leaves no 'big data' to market against for subsequent sales.

I say this as a (battered) Non-Standard Finance (LON:NSF) holder who therefore values the Loans@Home business (1/2 size of Morses Home credit business) very lowly. I had even hoped it would be sold off to Morses (or anyone !!) following a takeover of Provident Financial (LON:PFG)

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