I Read The News Today Oh Boy! 29-Mar-2018

Thursday, Mar 29 2018 by
12

Morning all!

CMC Markets ( CMC Markets (LON:CMCX) ) – 155.2p – £448.5m – PER 12.6

Trading Update – Seems quite cautious to me.

There is uncertainty related to the recent (and potentially more) regulatory introductions here. Looks decent value with a decent yield but, with the potential for (downside) surprises, it’s just not for me at present.

Quarto Inc ( Quarto Inc (LON:QRT) ) – 165.55p – £33.8m – PER 5.13

Final Results For The 12 Months To End December 2017 – I really have no idea how to interpret these results other than they look awful.

Since the beginning of the year this stock has been down 50% and now is currently up 50% off that low. These results look awful and they're possibly as expected. But, with Net Debt still almost double the current Market Cap - There’s no way I am getting involved here at present.

Numis ( Numis (LON:NUM) ) – 359.5p – £386.0m – PER 13.0

Trading Update For The 6 Months To End March 2018 – Bullish but not as bullish as previous, H1 expected to be significantly ahead of H1 last year but below the impressive previous 6 months. Strong near term pipeline of opportunities.

Had my eye on this one for a while and it’s on my Watchlist at 310p, I think I’ll just leave it there for now.

Iomart ( iomart (LON:IOM) ) – 364.5p – £393.1m – PER 17.5

Trading Update For The 12 Months To End March 2018 – Expecting to deliver a strong set of results in-line with market consensus expectations (that’s less than 10% in Revenue and PBT growth). Expects growth to continue in the future.

The ROCE and Operating Margin might support a PER of 17+ but the actual growth, for me, does not. I remain on the side-lines here for now.

As always, all comment most welcome.

Have a great day and a great Easter (those who celebrate it)!

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CMC Markets plc is a holding company. The Company is a provider of online and mobile trading servicing both retail and institutional clients. The Company enables clients to trade over 10,000 financial instruments, including indices, commodities, foreign exchange (FX) and equities through its trading platform. It operates through three segments: UK and Ireland (UK & IE), Europe, and Australia, New Zealand and Singapore (APAC) and Canada. Clients can trade the markets via contracts for difference (CFDs), financial spread bets (UK and Ireland segment only) and binaries. With the Company's spread bet, a client bets a specific stake size per point movement of a product, rather than trading a specific number of shares or units. The Company offers four types of binaries: Ladder, One Touch, Up/Down and Range. It also offers Australian wholesale and retail clients the ability to buy and sell Australian Securities Exchange (ASX) and SSX (formerly APX) listed products and managed funds. more »

LSE Price
92p
Change
0.9%
Mkt Cap (£m)
263.7
P/E (fwd)
11.2
Yield (fwd)
5.8

The Quarto Group, Inc. is an illustrated book publishing and distribution company. The Company is engaged in creating content and publishing books from a diverse portfolio of imprints. The Company operates through segments, including Quarto International Co-Editions Group; Quarto Publishing Group USA; Quarto Publishing Group UK, and Quarto HK. The Quarto International Co-Editions Group segment creates illustrated books that are licensed and printed for third-party publishers for publication under their own imprints. The Quarto Publishing Group USA segment creates and publishes illustrated books in North America and sells co-editions of them internationally. The Quarto Publishing Group UK segment creates and publishes general non-fiction and illustrated books in the United Kingdom market. The Company’s books are sold in approximately 50 countries and in 39 languages. more »

LSE Price
63p
Change
 
Mkt Cap (£m)
12.9
P/E (fwd)
n/a
Yield (fwd)
n/a

Numis Corporation PLC is a United Kingdom-based independent institutional stockbrokers and corporate advisors. The Company offers a range of research, execution, corporate broking and advisory services to companies quoted in the United Kingdom and its investors. The Company's services include research, sales and trading, investment companies, corporate finance, corporate broking, principle capital fund managers limited (PCFM), Numis indices and asset management. The investment company's research-driven approach focuses on specialist or differentiated mandates, including quoted equity, private equity, infrastructure, property, debt and other alternative assets. The corporate finance services include advice and transaction execution in relation to mergers and acquisitions, secondary equity issuance, convertible securities and bonds. The Company serves corporate clients and institutional clients. It is managed as an integrated corporate advisory and stockbroking business. more »

LSE Price
263.5p
Change
-0.6%
Mkt Cap (£m)
280.6
P/E (fwd)
n/a
Yield (fwd)
n/a



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


3 Posts on this Thread show/hide all

MrContrarian 29th Mar '18 1 of 3
2

My morning smallcap tweet:

Aukett Swanke (LON:AUK), Intercede (LON:IGP)

Aukett Swanke Group (AUK) AGM stmt "...we continue to anticipate that 2018 overall will be loss making, particularly in the UK. We expect a larger loss in the first half compared to last year, followed by a profit in the second half." In Jan they said unlikely to be profitable in the 2018.
Intercede Group (IGP) Founder resigns as Chairman & CEO, becomes NED with immediate effect.

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Bonitabeach 29th Mar '18 2 of 3

I read this news:

LLOYDS BANK : compare and contrast treatment of shareholders and (now mainly ex-) employees with those making the decisions: sense of entitlement beyond parody.

Eric Daniels

No position but I was a holder of Lloyds in 2007.

Bonitabeach

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ricky65 29th Mar '18 3 of 3
1

Keep up the good work matylda. Perhaps you could join Paul and Graham officially when they both want a day off?! :P Happy Easter.

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