I Read The News Today Oh Boy! 3-Sep-2018

3rd Sep '18 by matylda

2 comments 1709 reads

Morning all!

Vertu ( Vertu Motors (LON:VTU) ) – 49.25p – £186.8m – PER 8.75

I remain Neutral here as it looks, perhaps, about fairly priced and I remain cautious about the sector in general.

Future ( Future (LON:FUTR) ) – 424.5p – £345.5m – PER 18.4

Trading Update For The 12 Months To End September 2018 – FY EBITDA to be ahead of current market expectations. All core areas continue to show good revenue growth.

Still remains on my Watchlist (400p) - Didn’t take the Entry recently, maintaining some Cash – Remains on the Watchlist for now.

Footasylum ( Footasylum (LON:FOOT) ) – 84p – £87.8m – PER 16.4

Trading Update For The 6 Months To 25^th August 2018 – Revenue up 18.5% but will report an EBITDA loss (due to margins and costs). Expects FY revenue growth to be below current market expectations with EBITDA to be significantly lower (ouch!).

Can’t do much more than remain Neutral here.

As always, all comment most welcome!

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MrContrarian

3rd Sep '18

My morning smallcap tweet: Footasylum stumbles again.

Future (LON:FUTR), Footasylum (LON:FOOT), Bagir (LON:BAGR), Spectra Systems (LON:SPSY)

Future (FUTR) Guides FY EBITDA ahead of current market expectations. "We have seen a positive performance from World Cup related campaigns and we have also benefited from some larger than expected product launches."
Footasylum (FOOT) H1 trading. Rev up 19% but small adjusted EBITDA loss - lower gross margin and higher costs from investment in the Company's operations. Guides FY rev miss and adjusted EBITDA significantly lower than previous guidance - less than half YoY. Had a weak July and August, "unforeseen delays in the Company's new store openings and upsizes." Obviously they were unforeseen, that's just a weasel word to deflect responsibility.
Bagir Group (BAGR) As mooted, Shandong Ruyi Technology Group will buy 54% of co for $16.5m at 3.5p/sh, a 27% premium.
Spectra Systems (SPSY) wins two 2 US state lottery deals worth $1m over 7 years.

andrea34

Good interims from Gamma Communications (LON:GAMA) this morning, share price up over 4%. Revenue £137.6m+18%, EBITDA £31.8m+31%, gross margin slightly up

I Read The News Today Oh Boy! 3-Sep-2018

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Matylda

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