I Read The News Today Oh Boy! 26-Jan-2018

Friday, Jan 26 2018 by
13

Morning All!

Just a couple here to finish the week off…

Arena Events ( Arena Events (LON:ARE) ) – 61.5p – £70.5m – PER 15.0

Trading Update For The 12 Months To End December 2017 – “Maiden full year results in line with expectations”, the CEO states “We made strong progress in 2017, growing the business organically, commencing trading on AIM in July and declaring our maiden interim dividend in September.  As a management team, we continue to evaluate a number of acquisition opportunities which we believe will further contribute to the growth of our business.  The board continues to remain confident in the prospects for the Group”. Net Debt expected to be £11.5m.

Forecasts look OK here but I still can’t work out if this is investible or not (cannot find any broker updates). I will remain Neutral for now.

Watchstone ( Watchstone (LON:WTG) ) – 103.5p – £47.6m – PER n/a

Trading Update For The 12 Months To End December 2017 – Expected to be “broadly” in-line with expectations.

There’s an ongoing SFO investigation and legal battle here and with that in mind, there’s certainly not enough to attract me here.

A great weekend to all!

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Arena Events Group Plc is a United Kingdom-based international turnkey event design and delivery company. The Company provides managed solutions from concept and design through to the construction and delivery of temporary structures, seating and interiors for a host of sporting, outdoor and leisure events around the world. Its contracts range in size and complexity from a simple equipment rental for a local outdoor event, to an integrated solution of multiple structures and interiors for an international sporting event. It provides a wide range of services from temporary demountable seating and project management, to the installation of ice rinks as well as the provision of high end catering equipment and event furniture. The Company has operations in the United Kingdom and Europe, Middle East and Asia and the Americas. more »

LSE Price
18.36p
Change
-3.4%
Mkt Cap (£m)
29.0
P/E (fwd)
5.5
Yield (fwd)
7.1

Watchstone Group plc offers technology solutions to the insurance, automotive and healthcare industries. Its segments include Hubio, Healthcare (pt Health and InnoCare), and ingenie. Hubio provides integrated solutions to help organizations in the insurance and automotive sectors to build customer engagement and enable usage-based personalization. Healthcare includes ptHealth, a national healthcare company that owns and operates physical rehabilitation clinics across Canada, and InnoCare, a clinic management software platform and call center and customer service operation based in Canada. Its ingenie is an insurance broker. Using telematics technology, ingenie gives its community feedback, advice and discounts to help young drivers improve their driving skills. more »

LSE Price
109.05p
Change
-1.3%
Mkt Cap (£m)
50.9
P/E (fwd)
n/a
Yield (fwd)
n/a



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


1 Post on this Thread show/hide all

MrContrarian 26th Jan '18 1 of 1
8

My morning smallcap tweet:

Avanti Communications (LON:AVN), Watchstone (LON:WTG), Palace Capital (LON:PCA), Physiomics (LON:PYC)

Avanti Communications (AVN) RNS last night. Trading - guides rev at least $50m. May add $40m if a particular infrequently recurring transaction occurs. F/C is $99m so could be huge miss. HYLAS 3 launch delayed another Q to 2019. Also Launch of Consent Solicitations to ease bondholder terms & cut interest rates, Avanti have persuaded bondholder to take so many haircuts they should open a barber shop.
Watchstone Group (WTG) FY trading broadly in line. Profitability in both remaining businesses down. I'm short.
Palace Capital (PCA) new £40m banking facility at 1.95% over LIBOR will cut company's average cost of debt to below 3%. I hold.
Physiomics (PYC) boasts a 'major' new pharmaceutical client. Only worth £35k though. "If this initial project is successful, we would hope to develop a longer-term relationship.

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