I Read The News Today Oh Boy! 3-Apr-2019

Wednesday, Apr 03 2019 by
12

Morning all!

Adept Technology ( AdEPT Technology (LON:ADT) ) – 330p – £78m – PER 10.3

Trading Update For The 12 Months To End March 2019 – Seems in-line with Revenue and Dividend growth just over 10%, Net Debt stands at £27.2m (lower than expectations).

Pity there's no mention of Profit/EPS here at all – I remain a cautious holder.

CMC Markets ( CMC Markets (LON:CMCX) ) – 84p – £242m – PER 9.3

Trading Update For The 12 Months To End March 2019 – Expects to report CFD and Spread Bet Revenue down -37% on last year due to clients using more money for funding requirements.

I still see a little too much uncertainty here (in the sector in general, suspecting CMC or IG to win the long game here, not sure the winner though will be hugely profitable!).

Gattaca ( Gattaca (LON:GATC) ) – 116p – £37m – PER 4.7

Interim Results or The 6 Months To End January 2019 – Rather complicated but seems to be in-line to deliver on FY expectations.

I said this last time, it still seems relevant "In this environment that Net Debt (coupled with pedestrian growth (reflected in the PER)) means I will be keeping this on my Avoid list for now".

Minds Machines ( Minds Machines (LON:MMX) ) – 5.8p – £53.6m – PER 15.7

Results For The 12 Months To End December 2018 – Revenue up 5% but "Provisions of $13.4m made including a bad debt provision of $2.1m, onerous contract provision of $7.2m and impairment of the underlying asset of $4.1m, leading to an overall accounting loss of $12.6m". This year Q1 sales are up 246%.

I just don't understand these complicated results so I remain on the sidelines for now (it would go on my Avoid list but I like what they do here and see possible potential going forward).

Photo-Me International ( Photo-Me International (LON:PHTM) ) – 84p – £318m – PER 8.4

Trading Update For The 12 Months To End April 2019 – Expects PBT to be slightly…

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AdEPT Technology Group plc, formerly AdEPT Telecom plc, is engaged in providing managed services for information technology (IT), unified communications, connectivity and voice to over 100 Councils, NHS Trusts and other government bodies. The Company's segments are fixed line services (being calls and line rental services) and managed services (which are data connectivity, hardware services, IP telephony, support and maintenance services). It is engaged in the provision of voice and data communication services to both domestic and business customers. The Company offers technical and commercial options for onsite and cloud-based telephony. The Company serves approximately 20,000 commercial customers including worldwide and nationwide brand names. more »

LSE Price
365p
Change
-1.4%
Mkt Cap (£m)
87.7
P/E (fwd)
11.4
Yield (fwd)
2.9

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
93.8p
Change
6.6%
Mkt Cap (£m)
254.4
P/E (fwd)
10.7
Yield (fwd)
5.3

Gattaca plc, formerly Matchtech Group plc, is a human capital resources business dealing with contract and permanent recruitment in the private and public sectors. The Company operates through two segments: Engineering and Technology. The Engineering segment comprises Barclay Meade and Alderwood recruitment consultancy brands. The Technology segment includes the Connectus recruitment consultancy brand. The Company is a provider of specialist recruitment services to the engineering and technology industries, both in the United Kingdom and internationally. The Company offers three core solutions: Contingent Workforce Solutions, Permanent Recruitment Process Outsourcing (RPO) and Total Workforce Solutions. more »

LSE Price
116.75p
Change
 
Mkt Cap (£m)
38.4
P/E (fwd)
4.7
Yield (fwd)
n/a



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


1 Post on this Thread show/hide all

MrContrarian 3rd Apr 1 of 1
4

My morning smallcap tweet: CMC bets are off.

Photo-Me International (LON:PHTM), CMC Markets (LON:CMCX), Lighthouse (LON:LGT), Audioboom (LON:BOOM), KRM22 (LON:KRM), Urban Exposure (LON:UEX)

Photo-Me International (PHTM) lowers FY pretax guidance to >=£42m, net of restructuring costs in Japan and excluding reval of Max Sight Group holding. Guidance was £44m. Blames continuing weak UK B2B machine orders.
CMC Markets (CMCX) guides FY CFD and spread-bet rev down 37% to £110m and total rev £131m. F/C total rev £148m. Blames EMSA and weak Q4.
Lighthouse (LGT) offer 33p, a 25% premium.
Audioboom Group (BOOM) Q1 rev $4.6m up 180%, ahead of management expectations. New shows include Small Town Dicks.
KRM22 (KRM) a keep-the-lights-on placing at 3% discount. Also discussing loan with a venture debt provider for up to £10m at 10-12% PA plus warrants.
Urban Exposure (UEX) warns only 10 months after IPO. Rev to Dec lower than expected due to some loans being drawn down later than forecast.

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