I Read The News Today Oh Boy! 27-Feb-2018

Tuesday, Feb 27 2018 by
14

Morning all!

Johnson Service ( Johnson Service (LON:JSG) ) – 136.2p – £499.2m – PER 15.7

Preliminary Results For The 12 Months To End December 2017 – Seems like a general set of all round 15% or so increases in Revenue, Profit, EPS and Dividend (12%).

Seems to be a decent well run and well oiled machine. Going to add this to my Watchlist, 125p – Would treat this as a very long term slow and steady growth tuck-away. The 5 year chart looks great, perhaps it can look similar in 2023!

Devro ( Devro (LON:DVO) ) – 200p – £333.9m – PER 13.2

Results For The 12 Months To End December 2017 – I think this is a slight miss on forecasts.

I can’t find any attraction here, the Net Debt of 40% or so of Mkt Cap being enough for me to remain Neutral.

Velocity Composites ( Velocity Composites (LON:VEL) ) – 84.5p – £28.4m – PER 11.2

AGM And Trading Statement – Not the most positive sounding update.

Even at this price (below the IPO price) I don’t see particularly great value - I am going to remain on the fence here.

DotDigital ( dotDigital (LON:DOTD) ) – 95p – £275.1m – PER 26.3

Interim Results For The 6 Months To End December 2017 – Revenue up 25% (17% organic growth) to £18.8m from £15.0m (in H1 2017) with Adjusted EBITDA up 8% to £5.7m from £5.3m (in H1 2017) – Which is in-line with management expectations.

I will leave this on my Watchlist at 80p for now.

Swallowfield ( Swallowfield (LON:SWL) ) – 318p – £53.6m – PER 12.2

Interim Results For The 28 Weeks To 6 January 2018 – Revenue up to £40.0m (2017: £39.7m) driven by strong growth (+25%) in owned brands (now 31% of Group Revenue). Underlying Operating Profit up 11% YoY to £3.40m (2017: £3.07m). Adjusted EPS up 16% year on year to 13.7p (2017: 11.8p). The Interim dividend is up 18% to 2.0p (2017: 1.7p).

Will leave this on the Watchlist at 310p.

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Johnson Service Group PLC is a United Kingdom-based company that provides textile rental related services. The Company is the supplier of workwear and protective wear. The Company operates through Textile Rental segment. The Textile Rental segment is engaged in the supplying and laundering of workwear garments and protective wear; linen services for the hotel, restaurant and catering markets, and high volume hotel linen services. The Textile Rental segment principally consists of workwear garments, cabinet towels, linen and dust mats, are initially treated as inventories. It operates Textile Rental business under the brands, including Apparelmaster, Stalbridge, Bourne and London Linen. Its market workwear rental business, providing a clothing portfolio to the workplace, supported by sourcing supply and aftercare service solutions. Its Johnsons Stalbridge Linen Services offers the laundry service to the hospitality sectors. more »

LSE Price
150.6p
Change
-2.1%
Mkt Cap (£m)
568.5
P/E (fwd)
15.2
Yield (fwd)
2.2

Devro plc is a United Kingdom-based manufacturer of collagen products for the food industry. The Company conducts its operations through three segments: Americas, Asia-Pacific and Europe. The Americas segment includes the Company's operations in North America and Latin America. The Asia-Pacific segment includes the Company's operations in Australia, New Zealand, Japan, China and the rest of South East Asia. The Europe segment includes the Company's operations in Continental Europe, the United Kingdom, Ireland and Africa. The Company's collagen casing is used to manufacture all varieties of sausage. The Company sells directly to food manufacturers and via agents and distributors. The Company's products include edible casings, such as Devro Fresh Butchers, Devro Fresh Link and Devro Fresh Premium; non-edible casings, such as Cutisin; films, such as Edicol A and Edicol MX, and plastics, such as Ralex Mini Ralen, Ralex Mini Smoke and Ralex Ralex. more »

LSE Price
206.5p
Change
-2.1%
Mkt Cap (£m)
352.3
P/E (fwd)
12.1
Yield (fwd)
4.6

Velocity Composites plc is a United Kingdom-based manufacturer of carbon fiber and ancillary material kits for use in the production of aircraft. The Company offers a full shape generation, shape management and nesting service. Its offerings include Structural Kits and Consumable Engineered Vacuum Bag Material Kits. Structural Kits are manufactured from film adhesives, high performance materials and rolls of woven and uni-directional glass and carbon fiber fabrics. Consumable kits are used during the process of applying the structural material to the tool to create a vacuum bag assembly. Consumable kits include breathers, vacuum bags, peel plies and release films. Breathers are engineered breathable 2D and 3D assemblies designed specifically for the customers’ tools, which allow trapped air and volatiles to escape evenly over the carbon fiber layup and create an even vacuum during the autoclave curing process. more »

LSE Price
22.85p
Change
3.9%
Mkt Cap (£m)
7.9
P/E (fwd)
4.6
Yield (fwd)
n/a



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


1 Post on this Thread show/hide all

MrContrarian 27th Feb '18 1 of 1
3

My morning smallcap tweet:

Cambria Africa (LON:CMB), Surface Transforms (LON:SCE), Crimson Tide (LON:TIDE)

Cambria Africa (CMB) FY to end Aug rev up 20%, pretax up 51%. Trading recent 4 months "continue to exceed expectations compared to the same period in FY 2017." What does that mean? Rev up 18%. Nomad is WHI.
Surface Transforms (SCE) H1 & trading in line. Specification change means unlikely ceramic disks for OEM Three will be launched in the current race season
Crimson Tide (TIDE) FY trading. Rev up 23%. Outlook: "The Board has targeted growth at the top-line level while continuing to plough a proportion of profits back into the business." Guides 2018 rev growth similar to 2017 but pretax flat.

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