I Read The News Today Oh Boy! 29-Aug-2018
Morning all!
Beeks Financial Cloud ( Beeks Financial Cloud (LON:BKS) ) – 78p – £38.5m – PER 23.3
Final Results For The 12 Months To End June 2018 – Revenues up by 41% to £5.58m (2017: £3.97m), Underlying PBT £1.19m (2017: £0.0m) with Underlying EPS of 2.27p (2017: 0.22p loss). Net Cash at £2.09m (2017: Net debt £0.74m) and there’s a Maiden Final Dividend of 0.3p (2017: 0.0p). Strong pipeline of sales opportunities, confident of the year ahead.
I am long here and these results look good (pretty much as expected) - I will continue to hold for now.
Gym ( GYM (LON:GYM) ) – 325p – £438.0m – PER 27.6
Interim Results For The 6 Months To End June 2018 – Revenue up 36.1% with Adjusted PBT and EPS up about 8% or so, the Interim Dividend is up 16.7%. Expects to meet FY market expectations.
I am still not convinced the impressive growth can be sustained here but that’s (wrongly) already seen me miss out on a 50% rise. I remain Neutral as it looks to me like a lot of catch up is required (by the new CEO, the CFO now takes over) to hit FY EPS growth of 40%.
As always, all comment most welcome!
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3 comments
I still see a 50% upside here (minimum) based on forecast PE and position in market.
I like Beeks...I saw the presentation and thought the CEO was excellent, a dry, understated Scot who has a lot of stock. Totally unflashy! An excellent business plan from what I could understand. A good long term hold. Another company with - on account of its size - with only a modest number of institutional shareholders.
My morning smallcap tweet: Toople topple turning point?
Toople (LON:TOOP), Richoux (LON:RIC), Johnston Press (LON:JPR), Integumen (LON:SKIN)
Toople (TOOP) A 'major' new wholesale telephony and superfast broadband contract with a well-known wholesaler worth at least £3.5m over 3 years. That should reverse a little of the 98% loss since listing 2 years ago.
Richoux Group (RIC) Tiny restaurant chain suffering: "continued pressure on trading during the period, with further impact from temporary restaurant closures due to conversion or refurbishment." Guides rev flat YoY. Fundraise at 6p, a 14% discount.
Johnston Press (JPR) The i paper is the only bright spot in H1 with adjusted EBITDA from that paper £6m up 61%. Adj ad rev(cont) down 15.0%. Group rev down 10%, EPS 3.6 (-5.4). Still trying to refinance or restructure the huge debt but no decisions have been made nor agreements reached.
Integumen (SKIN) H1 rev £149k (£124k). Pretax -£1.5m (-£1.4m). Sales and marketing efforts of Visible Youth failed to meet expectations. TSPro sales forecasts [eh?] did not meet the expectations of the Board. Rejected offer from director for the skin care businesses. He has resigned to avoid the conflict of interest. Talks on other potential offers for one or more of the skin care assets.