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.
A quick comment for now - the results from Creightons (LON:CRL) look really good.... but where is the outlook comment??? All they say is "We will continue to invest to enhance production and operational capability to enable the Group to sustain profitable operations". Sustain? What about grow? I find this slightly worrying.