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

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26th Mar '19 by matylda

8 comments 2766 reads

Report will be out later today as some fecker has had it away with my car during the night :(

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About the Author

Matylda

Premium Member

8 comments

MrContrarian

26th Mar '19

My morning smallcap tweet: MySale in tatters

Coral Products (LON:CRU), Debenhams (LON:DEB), Michelmersh Brick Holdings (LON:MBH), DP Poland (LON:DPP)

Coral Products (CRU) guides FY materially below both mgmt and mkt expectations.
Debenhams (DEB) responds to SPD's statement last night re considering a cash offer. DEB point out that it needs an immediate solution to its debt problem and that the debt becomes repayable on change of control.
Michelmersh Brick Holdings (MBH) Acquisition boosted FY rev up 22% to £46.3m vs F/C £45.7m. EPS up 118% to 5.8p vd F/C adj 4.6p. It "will continue to work down debt". EH? Net debt has risen for 3 years in a row!
DP Poland (DPP) FY in line with prev trading stmt. Current trading tough as expected against TV ad boosted comparatives but no numbers. Will take orders via Poland's equivalent of Just Eat - will be a huge margin cut for those sales. "We have launched an innovative marketing campaign for 2019 featuring bespoke video and image content." Bespoke? Like every other marketing campaign apart from Bob's local cobbler and Ken's Kwality Kebaps? Bargepole with extra cheese.

Beginner

26th Mar '19

Sorry to hear this. Horrible event.

Albertos

26th Mar '19

Sympathies

Phil

andrea34

26th Mar '19

I'm very sad to hear your news, Matylda :-( There are some horrible people in the world

ezlifeme

26th Mar '19

It wasn't one of those keyless bypass thefts was it?
I must admit my key now sits in a Faraday wallet in the house
Sympathies

oscar247

26th Mar '19

Terribly sorry to hear of your misfortune. All best wishes and trust this matter will be quickly resolved and the culprits caught!

garbetklb

26th Mar '19

Sorry to hear - hope it's OK if you get it back.

matylda

28th Mar '19

Thanks all, for your wishes, finally got round to updating this...

Morning all!

Alliance Pharma ( Alliance Pharma (LON:APH) ) – 65p – £335m – PER 12.8

Results For The 12 Months To End December 2018 – Revenue up 23% (CC), with reported PBT down -19% and reported EPS down -39%, Net Debt at £85.8m (£72.3m last time). The Final Dividend is up 10%, 2019 has started well and is in-line.

Not enough to get me any more interested here yet.

Michelmersh Brick Holdings ( Michelmersh Brick Holdings (LON:MBH) ) – 88p – £81m – PER 12

Results For The 12 Months To End December 2018 – Revenue up 22% (to £46.3m), Gross Margin up from 35.4% to 38.9%, Basic EPS up 118% (5.8p), Dividend up 49% (3.2p for the year) and Net Debt is down from £17.5m to £12m. The current Order Book is 10.5% ahead of last time with new high value products introduced and recent acquisition now gives access to Europe.

I remain on the side-lines as the last forecasts I checked were for negative EPS growth in 2020E. Could be tempted here if those forecasts are revised.

Pelatro ( Pelatro (LON:PTRO) ) – 90p – £29.3m – PER 7.9

Results For The 12 Months To End December 2018 – Revenue up 95% ($6.12m), half of it is recurring. Adjusted PBT is up 73% with EPS up 13%, Net Cash down from $3.1m to $1.8m.

Something is tingling the spidey senses here – It looks attractive, I like what it does but something just doesn't quite feel right. For that reason I am going to observe from the sidelines for now.

Note: Doesn't help they recently spent $270,000 on a couple of cars for 2 of the directors! A great spot by @Rhomboid1 on Twitter.

Quartix Holdings ( Quartix Holdings (LON:QTX) ) – 245p – £117m – PER 21

AGM Trading Statement – First 2 months, confident for FY.

I still don’t see value here, I just don't like to see a forecast fall in EPS followed by a rise, especially if that rise means EPS is not hitting a new high.

S & U ( S&U (LON:SUS) ) – 1767p – £212m – PER 7.1

Results For The 12 Months To End January 2019 – Revenue and PBT up 15%, EPS 14%, FY Dividend 12%, the "prognosis for the next twelve months is realistic, but optimistic".

Still a lot to like here but the Net Debt and the sector just put me off enough to keep me on the sidelines for now.

T Clarke ( T Clarke (LON:CTO) ) – 108p – £46m – PER 6.6

Results For The 12 Months To End December 2018 – Revenue up 5%, Underlying PBT and Diluted EPS up 23%, Total Dividend up 14% and the forward Order Book is up 22%.

I did this update 2 days late, due to other commitments and actually bought in after seeing an updated and favourable Broker note.

Wynnstay ( Wynnstay (LON:WYN) ) – 335p – £66m – PER 9.1

Trading Update – Expects H1 to be substantially behind last year and FY is expected to be substantially below market expectations – Brexit, weather, margin pressures, etc.

I will be remaining on the sidelines here for now.

XLMedia ( XLMedia (LON:XLM) ) – 56p – £119m – PER 6

Results For The 12 Months To End December 2018 – Revenue down -14.4%, Loss of -$9.9m, Dividend is down about 10%, Adjusted EPS down -9%, Cash up from $43.3m to $47.6m. Concentrating on higher margin business, to return to growth.

Still happy to stay away from this for now, see how that return to growth goes!

As always, all comment most welcome!

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

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About the Author

Matylda

8 comments

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