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

Monday, Oct 29 2018 by

Morning all!

Lok’n Store ( Lok'n Store (LON:LOK) ) – 374p – £110.4m – PER 29.7

Preliminary Results For The 12 Months To End July 2018 – Revenue up 6.6 %, PBT up 34.3%, Total Dividend up 10% - 3 new stores opened this year, 3 planned for next and 5 new sites secured.

Still quite tempted here but just not quite enough to move from Neutral yet.

Warpaint London ( £W7L ) – 205p – £157.3m – PER 12.6

Trading Update For The 12 Months To End December 2018 – Expects Revenue of £48m - £52m and PBT of £6m - £7.5m (after exceptionals!) – Challenging UK market. This looks like quite a miss as I have £12.4m as a PBT estimate for the year, Revenue £55m.

I am Long here but will be considering an exit here this morning.

Gordon Dadds ( Gordon Dadds (LON:GOR) ) – 181.5p – £52.2m – PER 12.5

Statement Regarding Merger – Agrees to buy Ince & Co International LLP and its affiliated entities to create the UK's largest listed law firm by revenue. Trading for the 6 months to end September are in-line and shares will remain suspended until final terms on the merger are clarified.

This seems like good news - I am Long here and will remain so for now (cause I can’t even sell at the moment anyway!).

Gama Aviation ( Gama Aviation (LON:GMAA) ) – 152p – £96.7m – PER 6.45

Trading Update For The 12 Months To End December 2018 – From FY expectations being unchanged just 1 month ago it now seems FY Underlying Operating Profit will miss by $3m – I am guessing that’s a 30% - 40% miss (hard to spot that a month ago I guess!).

Would have to do a lot to earn some trust and respect back here – I remain Neutral.

As always, all comment most welcome!

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Warpaint London PLC is a United Kingdom-based company engaged in color cosmetics business. The Company sells color cosmetics in the United Kingdom and overseas, principally under the W7 brand. The Company operates through two divisions: close-out and own-brand. The own-brand division consists primarily of the Company's flagship brand, W7. The W7 brand contains over 500 items, which are sold into high street retailers and independent beauty shops across the United Kingdom, Europe, Australia and the United States. The W7 brand focuses on the 16-30 age range. more »

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Gordon Dadds Group plc, formerly Work Group plc, is a United Kingdom-based holding company. The Company provides legal, accounting, financial services, consulting and pensions advice services. The Company operates through two business segments: legal & professional services and independent financial advisory services. The Company’s services include corporate & commercial, private wealth, commercial property, litigation & dispute resolution, betting & gaming, residential property, divorce & relationship breakdown, mediation, and wills & succession planning. The Company’s subsidiaries include Culver Limited, White & Black Limited and Metcalfes Solicitors LLP. more »

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Gama Aviation plc, formerly Hangar 8 PLC, is a global aviation services company. The Company provides management, charter, special missions, logistics, maintenance, design and fixed base operations (FBO) services to its business aviation customers. The Company's segments include US: Air, US: Ground, Europe: Air, Europe: Ground, MENA: Air, MENA: Ground, Asia: Air and Other. Its aircraft and fleet management service provides the operational management and control of the asset for clients to outsource their flight departments. Its special mission service provides the operational management and control of the assets for specialist fleet users, such as the emergency services, infrastructure providers, civil intelligence agencies and civil/military partnerships. Its maintenance service provides base and line maintenance support for aircraft. Its FBO service enhances airport utility by providing business aviation infrastructure and operational management. more »

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  Is LON:W7L fundamentally strong or weak? Find out More »

2 Posts on this Thread show/hide all

MrContrarian 29th Oct '18 1 of 2

My morning smallcap tweet: Pursed lips for Warpaint holders.

Gama Aviation (LON:GMAA), £W7L, Gordon Dadds (LON:GOR), Lok'n Store (LON:LOK), Ten Entertainment (LON:TEG)

Gama Aviation (GMAA) curse of H2 weighting. Guides FY $3m op profit below its original expectations.
Warpaint London (W7L) guides FY rev only £48 to £52m. F/C was for £55.2m. Guides pretax £8.5m to £10m. F/C was £10.6m. IPO 2 years ago.
Gordon Dadds Group (GOR) confirms merger. Buys Ince & Co International for £34m (adjusted for 3 year rev). Shares will remain suspended.
Lok'n'store Group (LOK) FY rev in line, adj EPS beat (I think) at 12.83p (dil) vf F/C 11.9p. Adj NAV/sh up 15% to 480p. SP was 374p.
Ten Entertainment (TEG) CFO off to Prendragon. The shocking news is he'll serve his notice period of 6 months. He is thanked.

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andrea34l 29th Oct '18 2 of 2

Victoria (LON:VCP) is getting caned this morning after their latest trading update. To summarise, they state revenue is expected to exceed expectations with LFL still over 3% but margin is down 1-1.5% (although they say it will still significantly exceed prior years). They hope to implement measures to restore the margin over the next 12 months. Markets are described as challenging, and Australia revenue is down 4%

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