I Read The News Today Oh Boy! 26-Apr-2019

Friday, Apr 26 2019 by
17

Morning all!

Adept Technology ( AdEPT Technology (LON:ADT) ) – 320p – £76m – PER 10

Acquisition – Buys ACS Group (£5.24m less Net Debt), earnings enhancing from completion, increased Debt facility (from £35m to £40m).

I am Long here but my conviction is not high, not sure extending the Net Debt is a good move, remains a low conviction holding for now.

FairFX ( FairFX (LON:FFX) ) – 95p – £155m – PER 14.1

Results For The 12 Months To End December 2018 – Revenue up 69% (from £15.5m to £26.1m), Adjusted PBT up 650% (from £0.9m to £6.79m), EPS figures look completely different to those from my most recent Broker note (need to check this). Q1 Revenue up 43% (ahead of the Board's expectations), no mention of Profit but confident for FY.

Still Long here and if (at least) in-line continues, I see no reason to sell (but need to check those strange EPS figures later).

Van Elle Holdings ( Van Elle Holdings (LON:VANL) ) – 45p – £36m – PER 5.7

Trading Update For The 12 Months To End April 2019 – Revenue to fall short of previous expectation (by circa 3%), PBT to be below the lower end of expectations. Net Debt stable, below the £5.6m reported in H1, Order book at £35m (stood at £25m in April 2018).

I remain uninterested here at present although that Order book looks healthy. 

As always, all comment most welcome!

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AdEPT Technology Group plc, formerly AdEPT Telecom plc, is engaged in providing managed services for information technology (IT), unified communications, connectivity and voice to over 100 Councils, NHS Trusts and other government bodies. The Company's segments are fixed line services (being calls and line rental services) and managed services (which are data connectivity, hardware services, IP telephony, support and maintenance services). It is engaged in the provision of voice and data communication services to both domestic and business customers. The Company offers technical and commercial options for onsite and cloud-based telephony. The Company serves approximately 20,000 commercial customers including worldwide and nationwide brand names. more »

LSE Price
360p
Change
2.9%
Mkt Cap (£m)
83.0
P/E (fwd)
10.8
Yield (fwd)
3.1

Equals Group Plc, formerly 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. Its 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. more »

LSE Price
120.35p
Change
-1.4%
Mkt Cap (£m)
200.5
P/E (fwd)
16.2
Yield (fwd)
n/a

Van Elle Holdings plc is a geotechnical engineering contracting company. The Company offers end-to-end solutions, including site investigation, driven, bored, drilled and augered piling, and ground stabilization services. It also develops, manufactures and installs precast concrete products for use in specialist foundation applications. It operates through four segments: General Piling, which is involved in open piling on brown and green field sites, particularly on new housing and new development sites; Specialist Piling, which is involved in installing piles where access to the area is restricted or specialist techniques are required; Ground Engineering Services, which is involved in providing site investigation, soil sampling drilling, grouting and soil nailing techniques to consolidate ground conditions, and Ground Engineering Products, which manufactures and installs modular precast concrete beams, primarily to the new housing market. more »

LSE Price
34.66p
Change
-1.0%
Mkt Cap (£m)
28.0
P/E (fwd)
5.1
Yield (fwd)
8.7



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


2 Posts on this Thread show/hide all

MrContrarian 26th Apr 1 of 2
1

My morning smallcap tweet: BOOM business booming - in issuing shares

Van Elle Holdings (LON:VANL), AJ Bell (LON:AJB), Audioboom (LON:BOOM)

Van Elle (VANL) guides FY rev 3% miss and pretax slightly below the lower end of the range of market expectations. Outlook: "momentum entering the new year underpins the Board's confidence in the prospects for the Group".
AJ Bell (AJB) guides H1 slightly ahead of current market expectations.
Audioboom (BOOM) confirms media report of planned £5m placing at 2.5p, a nil discount. Money mainly to sign new third-party podcast talent. It raised £1.5m at 1.3p only 2 months ago!

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GJR 26th Apr 2 of 2
1

Hi Mityda,
I too hold FairFX (LON:FFX) and am a bit puzzled by the EPS no.s. From my notes I had an expected figure of 3.7p so 1.64p looks like a significant miss.

There was also v little mention of the tie up with Metroploitan bank in the U.S., this was due to become operational in Q1 19 , so can only assume there has been a slight delay in this?

Continue to hold , but feeling slightly nervous!!!

Thanks for the early morning reports.

GJR

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