I Read The News Today Oh Boy! 27-Sep-2017

Wednesday, Sep 27 2017 by
16

Morning All!

Returning back a little to the original format as it’s just impossible to apply the new format when there’s a lot of news (like today again).

I was also struggling to focus on monitoring events (I wanted to) at market open (the main point of getting up at this time!).

So, here we go – All comments and input, as always, most welcome.

Appscatter (APPS)

Interim Results For The 6 Months Ended June 2017 – Maiden Revenue reported and has “10,000 businesses registered to use (their) platform”. H2 has started strongly and there’s Net Cash of £6.5m. It made a Loss of £8.79m in 2016 so needs to start not only increasing Revenues but reducing Losses.

Crawshaw (CRAW)

Interim Results For The 6 Months Ended July 2017 – Revenue up 2.3%, Loss Before Tax up from £0.4m to £1.2m – There’s £6.8m in Net Cash. The CEO remains excited by “our 2Sisters supply agreement”. Loss making since 2015 and not forecast to make a Profit until at least 2020, perhaps worth just keeping an eye on news of that supply agreement.

K3 Business Technology (KBT)

Results For The 6 and 12 Months Ended June 2017 – 12 month Revenue down from £89.2m to £84.6m and Loss Before Tax £10.56m versus a £4.53m Profit last time. The company was “adversely affected by the difficulties experienced in the Group's Enterprise activities.  In particular, a number of high value contract tenders did not close as expected. However, we have also made strong progress in reshaping the business over the last twelve months to create a more unified and streamlined Group, refocused on our core SME marketplace, which generates the majority of K3's recurring revenues” – For me, it’s time to wait for future updates.

Avingtrans (AVG)

Interim Results For The 12 Months Ended May 2017 – May!  Revenue up 7% (£22.7m) and PBT up from £0.1m to £0.3m. I just don’t like the overall mish-mash here - Revenues/Profits like this 2014 £60m/£2.91, 2015 £22.6m/£1.77m, 2016 £21.2m/£31.1m I just think – What?  I just can’t bring myself to look into things like this any further, I much prefer looking at companies with steady figures which may be a…

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appScatter Group plc is a United Kingdom-based company that provides an application (app) distribution and management platform. The Company’s appScatter is a business to business (B2B) software as a service (SaaS) platform that allows clients to distribute and manage applications on multiple application stores. appScatter enables application developers and publishers to manage and track performance of their own and competing application across all of the app stores on the platform. It offers two types of appScatter Users, including free users and paying users. appScatter has four categories of grouped app stores: operating systems (device platforms), wireless carriers, device manufacturers, and independents and smartphones. The features of appScatter includes app and publisher name search engine, app store directory and information, sales and downloads, competitor tracking and positioning, and daily ranking. more »

LSE Price
17.25p
Change
 
Mkt Cap (£m)
n/a
P/E (fwd)
n/a
Yield (fwd)
n/a

Crawshaw Group Plc is a United Kingdom-based company, which operates a chain of meat-focused retail food stores. The Company has approximately 40 stores, which are located across Yorkshire, Lincolnshire Nottinghamshire, Derbyshire and the North West. The Company's product range is categorized into approximately two distinct areas, such as Traditional raw meat, and Hot and cold cooked food. Under the Traditional raw meat category, it offers various products sold either loose in a serve over counter for the traditional experience or as multi buy packs on supermarket style multi deck counters, which have all been cut and packaged in store. Under the Hot and cold cooked food category, it offers freshly prepared roast chickens, gammon and pork joints, hot roast sandwiches, shop cooked curries and casseroles, chicken and chips, as well as other traditional deli products. Its stores include Arndale Centre in Arndale; The Arcades in Ashton Under Lyne, and Fresh Meat Factory Shop in Astley. more »

LSE Price
2p
Change
 
Mkt Cap (£m)
n/a
P/E (fwd)
n/a
Yield (fwd)
n/a

K3 Business Technology Group plc is a provider of integrated business solutions. The Company's business solutions encompass Enterprise Resource Planning (ERP) software, Customer Relationship Management (CRM) software, Business Intelligence and e-commerce, hosting and managed services to the supply chain sector. The Company's segments include Retail, and Manufacturing and Distribution. The Company's offerings to manufacturers and distributors comprise SYSPRO, Sage, and Microsoft Dynamics AX and Microsoft Dynamics NAV solutions. The Company's ax l offering is a retail and wholesale solution. The Company's products include modules for CRM, planning and scheduling, warehouse management, pallet management, data integration, payroll and human resources (HR). The Company operates from various locations in the United Kingdom, the United States, Holland, Singapore, Denmark and Ireland. The Company's subsidiaries include K3 BTG Limited, K3 Business Solutions Limited and K3 CRM Limited. more »

LSE Price
216p
Change
 
Mkt Cap (£m)
92.8
P/E (fwd)
20.4
Yield (fwd)
0.9



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


2 Posts on this Thread show/hide all

MrContrarian 27th Sep '17 1 of 2
4

My morning smallcap tweet:

PCF (LON:PCF), Havelock Europa (LON:HVE), Crawshaw (LON:CRAW), ECSC (LON:ECSC)

PCF Group (PCF) Trading - exp FY beat.
Havelock Europa (HVE) H1 rev down 9% due mainly to a weak opening order book in public sector - particularly delayed schools building programmes. H2 is expected to be profitable, the results for the full year will be significantly below last year. CEO resigns immediate effect.
Crawshaw Group (CRAW) H1 pretax -£1.2m (-£0.4m) - profitability impacted by sterling weakness and shape of sales recovery. Trading: recent 6 weeks: Customer numbers up 5.4% but LFL still neg at -1%. "We are experiencing further margin pressure from the continued weakness in sterling...Market conditions remain challenging."
ECSC Group (ECSC) warns, drops 70 to 125p. Only floated in Dec at 167.

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Beginner 27th Sep '17 2 of 2
2

Avingtrans (LON:AVG) looks a mess because it is a new business. The company sold off most of its old business of tubular metal work, and has bought Hayward Tyler, who make fans and vent systems. The management here is VERY astute, and has an excellent record of building value, so I think it is worth keeping an eye here for the long term.

Airea (LON:AIEA) have results out that seem quite decent, though the spread is massive and the stock rather illiquid. Again that may be one for the watchlist.

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