Morning all!

Air Partner ( Air Partner (LON:AIR) ) – 85p – £44m – PER 9.5

AGM Statement – Challenging but still expect to meet FY expectations (with H2 weighting).

Even on a lowly valuation I am still not tempted here, especially with such a cautious statement.

Avingtrans ( Avingtrans (LON:AVG) ) – 226p – £71m – PER 15.9

Trading Update For The 12 Months To End May 2019 – Revenue (£104m (8% ahead)) and PBT (£5.2m (21% ahead)) to be ahead of market expectations with Net Debt down to £1.9m.

This looks quite good and seems like the Hayward Tyler integration is going well, this made me nervous here but perhaps I am being overly cautious!

Creightons ( Creightons (LON:CRL) ) – 35p – £22m – PER 13.5

Results For The 12 Months To End March 2019 – Revenue up 26.4%, Operating Profit up 77.4% and Fully Diluted EPS is up from 1.85p to 4.16p.

Looks very tempting and I retain coverage as I started when it was above my usual £30m Market Cap limit, perhaps it will be back there soon!

Next Fifteen Communications ( Next Fifteen Communications (LON:NFC) ) – 605p – £515m – PER 15.9

AGM Trading Update – Year has started in-line, confident for FY.

I still consider this fairly priced around the 500p level, even if it hits forecasts.

Sumo ( Sumo (LON:SUMO) ) – 148p – £223m – PER 20.4

AGM Trading Update – 2019 FY trading is in-line.

I will wait to see actuals here, I would really like to get some exposure to the gaming sector but I just can't find the right place yet – I don't think it's here!

Vianet ( Vianet (LON:VNET) ) – 128p – £36m – PER 13.7

Trading Update – First 2 months trading slightly ahead.

Encouraging update but still looks fairly priced around the 120p level, but, worth keeping an eye out here for Broker upgrades (perhaps!).

Zoo Digital (

My morning smallcap tweet: BON humiliated as it accepts lowball offer

RPS (LON:RPS), Image Scan Holdings (LON:IGE), Air Partner (LON:AIR), Vianet (LON:VNET), Bonmarche Holdings (LON:BON), Avingtrans (LON:AVG)

RPS (RPS) guides FY materially below management and market expectations which are fee income £594m, pretax £50m.
Image Scan (IGE) guides FY loss due to gov'ts delaying portable X-ray machine orders. So many cos fail to account for gov't bureaucracy, incompetence and indecision in their plans.
Air Partner (AIR) AGM stmt. Expects to meet F/C but H2 weighted.
Vianet (VNET) AGM stmt: first 2 moths slightly ahead of the Board's expectations.
Bonmarche (BON) trading so poor it swivels from telling Spectre Holdings to get lost with its 11.445p mandatory offer to yes please. That's a 26% discount!
Avingtrans (AVG) guides FY rev £104m, 8% ahead of F/C, adj pretax .£5.2m, 21% ahead.