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

Wednesday, Sep 26 2018 by
17

Morning all!

Accrol Group ( Accrol Group (LON:ACRL) ) – 19.5p – £38.1m – PER 27.9

Final Results For The 12 Months To End April 2018 – “A difficult year” with lots to blame.

These results look shocking, not even sure Rocky could make a comeback here. Stockopedia still classes this as a Highly Speculative Value Trap and I am (still) not really into investing in those. This is going on my Avoid list for now.

CentralNic ( CentralNic (LON:CNIC) ) – 52p – £88.7m – PER 14.0

Interim Results For The 6 Months To End June 2018 – Revenue up 5.5%, Gross Profit up 30.7% with Net Debt at £8.6m (H1 2017: Net Cash £7.7m). H2 weighting should see FY in-line.

First time I have looked at this and will remain Neutral for now whilst I do some more research.

Minds Machines ( Minds Machines (LON:MMX) ) – 7.35p – £58.5m – PER 21.0

Interim Results For The 6 Months To End June 2018 – Revenue up 22% with Gross Profit up 14%. Bit of a profit warning about FY expectations.

I will remain Neutral thank you very much!

Pelatro ( Pelatro (LON:PTRO) ) – 83.5p – £27.2m – PER 8.17

Interim Results For The 6 Months To End June 2018 – Revenue up 53% to $2.38m (H1 2017: $1.55m), PBT up 24% to $1.2m (H1 2017: $972,000), EPS at 4.4¢ (H1 2017: 5.1¢) – Due to IPO. Cash of $1.6m. Not sure what this is “Adjustment (credit) to reported profits in first half of approximately $517,000 due to change to IFRS 15 revenue recognition (expected largely to reverse in second half)”.

First coverage for me and looks great except for that last sentence above – Although trading is in-line with expectations. Neutral whilst I do some research here.

Trifast ( Trifast (LON:TRI) ) – 226.5p – £269.5m – PER 15.3

Trading Update – In-line.

Looks like there may be some value here at these levels but for now I will remain Neutral.

Fulcrum Utility Services ( Yes

No
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Pelatro PLC is a United Kingdom-based company that offers precision marketing solutions for telecom industry. The Company’s solutions analyze customer behavior and customize promotions. Its product enables targeted campaign management. The features of its product include multi-dimensional profile, individualized campaigns, real time campaigns, machine-learning and analysis, lifecycle management, big data and multi-channel communications. Its product features multi-dimensional profile for each customer based on information gathered from transactional and demographic data. Its solution enables activities, including data analysis, campaign design, campaign configuration, campaign execution, reporting, effectiveness analysis and feedback. It enables marketers to track customers across various stages in the lifecycle and take necessary actions. more »

LSE Price
84.5p
Change
 
Mkt Cap (£m)
27.5
P/E (fwd)
7.0
Yield (fwd)
n/a

LoopUp Group plc, formerly LoopUp Group Limited, is a software-as-a-service provider of remote meetings. The Company's product, LoopUp, is designed to eliminate frustrations associated with conference calls and deliver a remote meeting experience for mainstream business users. For hosts, the LoopUp meeting includes ability to create a meeting invite directly from Microsoft Outlook in over two clicks; a call start alert to their desktop and mobile/tablet devices as soon as their first invited guest joins the meeting; ability to identify who has the distracting background noise and mute their line, and ability to allow other guests to share their screen at the host's discretion. For guests, the LoopUp meeting includes clicking-to-join the meeting from a link in the invite, entering their name and phone number and LoopUp calls out to them. LoopUp plans include outlook integration, and one-click screen-sharing. Its data centers are located in London, Chicago, Hong Kong and Sydney. more »

LSE Price
325p
Change
0.8%
Mkt Cap (£m)
179.5
P/E (fwd)
26.1
Yield (fwd)
n/a

Fulcrum Utility Services Limited is an independent energy and multi-utility infrastructure and services provider. The Company's principal activity includes the provision of unregulated utility connections and independent gas transportation services in the United Kingdom. Its segments include infrastructure services and pipelines. The infrastructure services segment is engaged in providing utility infrastructure and connections services. The pipelines segment comprises both the ownership of gas infrastructure assets and the conveyance of gas through its gas transportation networks. It provides technical engineering, design, project management, consultancy and audit services across gas and multi-utility connections. The Company designs and project manages utility connections for customers seeking either new connections or the alteration or refurbishment of existing connections. These connections range from single-site alterations to multi-utility and multi-site new connections. more »

LSE Price
26.25p
Change
-9.5%
Mkt Cap (£m)
58.2
P/E (fwd)
6.5
Yield (fwd)
8.9



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7 Posts on this Thread show/hide all

MrContrarian 26th Sep '18 1 of 7
6

My morning smallcap tweet: Redhall cannonball.

Crawshaw (LON:CRAW), Redhall (LON:RHL), Imaginatik (LON:IMTK), Simigon (LON:SIM)

Crawshaw (CRAW) H1 in line. Plans to sell online under a premium brand. Guides FY underlying operating loss of approximately £3m.
Redhall Group (RHL) guides FY materially below its previous expectations. Blames delays on a number of key projects outside of the Group's control and slower than expected operational efficiency gains
Imaginatik (IMTK) White knight investor (Vin Murria) pulls out of talks. Nomad resigns. Suspended tomorrow if no new nomad wishes to grab the poison chalice.
SimiGon (SIM) wins $1.1m contract from the Israeli Air Force for simulation trainers. The Contract has already been factored into management's expectations for the FY.

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Beginner 26th Sep '18 2 of 7
1

James Halstead (LON:JHD) may be worth a look. They manufacture and sell commercial floor coverings. Results give EPS up 0.6% on revenue up 3.6%. They have £50m in the bank and have been looking to make acquisitions. These results have been achieved in the face of rising raw material costs. Weaker sterling may help exports however. The Chairman says "I can only be confident of continued progress in the coming year." There is a c3% yield to keep you all interested, and the PER is c22.

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matylda 26th Sep '18 3 of 7
1

Thanks for James Halstead (LON:JHD) - It's quite rare I go above £500m Mkt Cap though, partly to try and keep my universe manageable.

Blog: Briefed Up
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andrea34l 26th Sep '18 4 of 7
3

I am happy enough to hold Fulcrum Utility Services (LON:FCRM) at current levels; it's reassuring the order book is up, if only 5%.

Fab results from FairFX (LON:FFX) and might be tempted to top up on any pull back after results excitement dies down. I feel I may have you to thank you for a heads up before my initial purchase, Matylda :-)

I have consistently made comments about how I don't consider the valuation of Trifast (LON:TRI) stacks up with the numbers, on what now seems quite pedestrian growth. The poor momentum suggests that I am, on this occasion, right. I'd have to see progress in results to become at all interested... but this update uses the dreaded word 'solid', which essentially means more dull single-digit stuff.

Too tired today to say anything more sensible. Excellent report, as usual.

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matylda 26th Sep '18 5 of 7
1

Fulcrum Utility Services (LON:FCRM) - Fair enough - I sold out a while ago - "Sold out here on 19-Jul-2018, main reason based on forecasts. On a PER of 14.2 the EPS growth rates were +43.3% (2018A), +11.8% (2019E) and +1.11% (2020E), Revenue growth for 2019 and 2020 was forecast at about +30% and +5% or so respectively. I still like the ROCE and Operating Margin here but the EPS forecasts reflected signs of a decent sized deceleration."

FairFX (LON:FFX) - This mornings update seems to have gone down well so far.

Trifast (LON:TRI) - Just find it hard to get excited there.

Thanks as always for the comment.

Blog: Briefed Up
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fred6060 26th Sep '18 6 of 7

Mathilda. Gave you a Thumbs down by mistake, sorry.

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matylda 26th Sep '18 7 of 7

In reply to post #402114

No worries I am sure it's not the first or last ;)

Blog: Briefed Up
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