I Read The News Today Oh Boy! 29-Sep-2017

Friday, Sep 29 2017 by
28

Morning All!

Brighton Pier (PIER)

Full Year Results For The 52 Weeks To 25 June 2017 – Revenue up 389% and PBT up 278% (£3.5m) – On a PER of 13.6 with major upgrades to all facilities in progress, looks decent value here.

Helios Underwriting (HUW)

Interim Results For The 6 Months Ended June 2017 – Ouch! Profit 365 Agile (LON:365),000 (30 June 2016 -  £821,000), EPS reduced to 2.03p (30 June 2016 restated - 8.44p). Would be wary of getting in here at present.

Iomart (IOM)

Pre-Close Trading Update For The 6 Months Ended September 2017 – An encouraging In-line with management expectations update which also states “(we are) firmly on track to deliver another year of material growth”. Also intending to introduce an interim Dividend.

OPG Power Ventures (OPG)

Final Results For The Year Ended March 2017 – I really liked this company, in fact I was a holder at 60p but got out around 50p. When I say liked - I mean I really, really, really liked this company, I thought it was a solid investment, the fundamentals were great - BUT RULES ARE RULES, I was down almost 20% and the market was clearly not agreeing with me.  I took a decent hair cut on this one but it could well have been a lot closer!  Don’t ever fall in love with a share!!!! However, again, these results seem pretty good and means the fundamentals here still seem to stack up. I am not really once bitten, twice shy here, more like once bitten don’t understand why.

Richoux (RIC)

Results For The 28 Weeks Ended 9 July 2017 – Revenue down 20.2% to £5.65m, Loss doubled to £1.12m, Cash of £4.73m vs £3.86 at the beginning of the year. I don’t know if these figures are better or worse than expected but it doesn’t seem like any kind of turnaround has occurred here yet.

Sigma Capital (SGM)

Interim Results For The 6 Months Ended June 2017 – This is a strange one for me. Revenue down to £1.8m (2016: £2.8m), Profit before tax of £1.01m (2016: £1.22m) and EPS of 1.14p (2016: 1.38p) but…

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The Brighton Pier Group PLC, formerly Eclectic Bar Group PLC, owns and trades Brighton Palace Pier together with approximately 20 bars trading in towns and cities across the United Kingdom. The Company's segments include Owned Bars and Brighton Palace Pier. It operates through two divisions: Bars division and Pier division. The Bars division trades under a range of concepts, including Embargo Republica, Lola Lo, Sakura, Po Na Na, Fez Club, Lowlander, Dirty Blonde, Smash and Coalition. The Pier division manages all trading by Brighton Palace Pier. Brighton Palace Pier offers a range of attractions, including over two arcades and approximately 10 amusement rides, together with a range of onsite hospitality and catering facilities. It operates over two indoor arcade locations with approximately 350 machines in total. It includes the Palace of Fun, which contains over 230 arcade machines, and the Dome, which holds approximately 110 arcade machines. more »

LSE Price
62.5p
Change
 
Mkt Cap (£m)
23.3
P/E (fwd)
6.9
Yield (fwd)
n/a

Helios Underwriting PLC provides access to a limited liability investment for its shareholders in the Lloyd’s insurance market. The Company participates in the Lloyd's insurance market through its participation in a portfolio of Lloyd's syndicates. The Company's segments include syndicate participation, investment management and other corporate activities. The Company's underwriting portfolio focuses on aviation, pecuniary loss, accident and health, energy, marine general and motor, among others. The Company's subsidiaries include Hampden Corporate Member Limited, Nameco (No. 365) Limited, Nameco (No. 605) Limited, Nameco (No. 321) Limited, Nameco (No. 917) Limited, Nameco (No. 229) Limited, Nameco (No. 518) Limited, Fyshe Underwriting LLP, and Halperin Underwriting Limited, Advantage DCP Ltd and Chapman Underwriting Limited. more »

LSE Price
122.5p
Change
 
Mkt Cap (£m)
22.2
P/E (fwd)
24.0
Yield (fwd)
1.8

iomart Group plc is a holding company. The Company is engaged in providing secure managed hosting and cloud services. The Company operates through two segments: Easyspace and Cloud Services. The Easyspace segment provides a range of shared hosting and domain registration services to micro, and small and medium-sized enterprises (SME) companies. The Cloud Services segment provides managed cloud computing facilities and services, through a network of owned datacenters, to the larger SME and corporate markets. The Cloud Services segment uses various routes to market and provides managed hosting services through iomart Hosting, RapidSwitch, Melbourne, iomart Cloud Services, Redstation, Backup Technology, ServerSpace and SystemsUp. Its products include CloudSure Hosting Solutions, Managed Services, Storage, Network and Control Panel. It provides Infrastructure as a Service platform and EMC Avamar Cloud Backup for LabVantage Solutions, Inc., a global laboratory informatics provider. more »

LSE Price
326.5p
Change
-2.0%
Mkt Cap (£m)
361.8
P/E (fwd)
16.4
Yield (fwd)
2.4



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


7 Posts on this Thread show/hide all

prem14 29th Sep '17 1 of 7
1

Regarding OPG , its downtrend maybe down to its nasty Net Debt of £308m.

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JamesS 29th Sep '17 2 of 7
4

Really liking these quick brief morning reviews, keep it up Matylda

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Jonathan C 1st Oct '17 3 of 7
1

I like OPG too, though my shares have lost 40-50% of their value as a result of the sharp fall in price following the recent warning that 2017-18 will be thin gruel because of an increase in the international coal price. There seem to be two big company-specific risks, namely debt and the evident dependence of profits on the price of coal. There also seems to be some difficulty in extracting money from state electricity distribution companies (most sales are to industrial customers who pay within 60 days). But, there are significant reasons to purchase:
- cheap access to the Indian economy
- 4% yield (0.98p div per share)
- if there is a global recession, the coal price will presumably decline, increasing profitability
- but solar generating facility due to open in 2018 will reduce dependence on coal
- the Indian economy is expanding fast and I have read elsewhere is not strongly connected to the international economy
- a good financial track record
- a near-zero lost time injury rate speaks of good management & a company with which I am happy to be associated.

Perhaps I will loose everything but I do like OPG and I am staying with them.

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aflash 2nd Oct '17 4 of 7
1

In reply to post #224288

This reflects my opinion.

Averageing down is mathematically flawed but can work in oversold conditions.

I have a method which may be of interest to others. With lightly traded, speculative small caps I buy a small amount and watch.
Only when it declines  50% or more do I consider buying more.
I calculate price supports and resistance.
If I conclude the price resulting from further purchase can be reached in a reasonable time I buy. 'Doubling down' in these cases can make a significant difference to your average price.

In this case mine becomes 33p, way below the 'gap' created by the August fall. The 'gap' between 37p and 43p will be filled at some point.

I do not wait to make a profit on the whole holding but take a smaller loss on half as the price rises and hold the other half.

Some never come back and those that do may be sold too quickly.

In my porfolio FRP falls into the first category and IQE and REC the second.

The casualty rate is high, it is not a way to make money but to lose less on speculation.

Among my mentors John Templeton would buy stocks close to bankruptcy. Charlie Munger said if you cannot see your stock fall 50% avoid investing. Buffet's 'Cigar butts' and Graham's intrinsic value come to mind.

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cig 2nd Oct '17 5 of 7
2

In reply to post #224293

All strategies based on one's own entry price(s) are mathematically and logically flawed. All that matters going forward is current price to future prospects.

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aflash 2nd Oct '17 6 of 7
1

In reply to post #224328

Amen to that.

Jonathan C explained, however, his view of future prospects. I concurred and added Tech Analysis comments about the current price in relation to recent movements.

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mercury61 9th Oct '17 7 of 7
1

OPG Power Ventures (LON:OPG) today up at one point so far today 17%. Hopefully the long road back to recovery.

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