I Read The News Today Oh Boy! 30-Aug-2017

Wednesday, Aug 30 2017 by

Morning all!

Alumasc (ALU) – WAS EXPECTING AN UPDATE BUT COULD NOT ONE SO HERE’S MY NOTES – This "building products, systems and solutions company" has Cash (about 10% of Mkt Cap), pays a nicely covered Dividend of 4%+, has an ROCE of almost 20% and it has healthy Revenue and Profit growth (since 2014). On a PER of 7.75, this looks good value, for the sector, at this level.

Batm Advanced Communications (BVC)Interim Results 6 Months To End June 2017 – Stockopedia doesn’t like this "Israel-based company engaged in the development, production and marketing of medical products, as well as data communication products" much, with a Stock Rank of 44. And, I have to say, I don’t either. I just look at those annual figures and see falling Revenues - Which are at least (usually) accompanied by falling losses. Unsurprisingly, the ROCE is negative and there is no Dividend.  It does seem there’s enough Cash to absorb ongoing losses for some time – But, after 5 years I may have given in by now.  From an investment perspective, the 5-year chart shows zero progress.  These lacklustre results report a 10% increase in Revenue LFL and a 200% increase in Loss Per Share - Not sure this will be the tail-wind these shares need!

Gym (GYM)2017 Interim Results (6 Months) To End June 2017 – A "company which operates 97 gyms across the UK that are open around the clock". Revenue is up 18.8% this year with EPS and PBT up about 40% each - Quite impressive! The Interim Dividend is also up 20%. It opened 6 new gyms in H1 2017 (2 already opened in H2 – Expecting to hit more than 15 for the full year of 2017). It increased membership numbers by 19.8% to 508,000.  Since floating 2 years ago at 200p the share price has fluctuated between 150p and 250p, it’s currently around the float price. Revenues (and gym openings and membership numbers) do seem to be rising nicely (including forecasts) and it’s clearly moved from loss making into a Profit.  The current PER is 24 (perhaps a little rich) but, this could be worth a punt - If you believe in the 24 hour gym growth story - With 500,000 members already, I'm not so sure!

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The Alumasc Group plc is a building products, systems and solutions company. The Company's segments include, Solar Shading & Screening, Roofing & Walling, Water Management, and Housebuilding & Ancillary Products. The Solar Shading & Screening segment offers Levolux's architectural solutions, which are used to shade and screen buildings. The Company creates bespoke balcony and balustrading solutions. The Roofing & Walling segment provides waterproofing systems for flat roofs, roofing support services, exterior wall insulation systems and facade systems. The Water Management segment provides a range of industry solutions to help manage water originating inside or outside of the buildings and convey it in a controlled and safe way to discharge into water courses, sewers of the ground. The Housebuilding & Ancillary Products segment offers house building and ancillary products, such as ventilation products, cavity closers and trays, access panels, loft doors and dry roof verge products. more »

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BATM Advanced Communications Ltd. is an Israel-based company engaged in the development, production and marketing of medical products, as well as data communication products. The Company has two operating divisions: Telecommunications and BATM Medical. The Telecommunications division develops and offers telecom network solutions, IP surveillance solutions, software services and Cyber Security solutions. The Telecommunications offers its products to telecom operators in developed markets. BATM Medical is a manufacturer and developer of laboratory diagnostics, including in-vitro diagnostic systems and reagents to detect viral infections, to diagnose immune system diseases and for the measurement of human hormone responses. BATM Medical, which focuses on developing countries in Eastern Europe and Asia, also manufactures sterilizers and medical waste management solutions, and distributes brands of other diagnostic equipment suppliers to emerging market countries. more »

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The Gym Group plc is a United Kingdom-based holding company. The Company provides health and fitness facilities. The Company operates approximately 90 gyms across the United Kingdom that are open around the clock. The Company offers gym memberships. Its subsidiaries include The Gym Group Midco1 Limited, The Gym Group Midco2 Limited, The Gym Group Operations Limited and The Gym Limited. more »

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

5 Posts on this Thread show/hide all

Beginner 30th Aug '17 1 of 5

Alumasc (LON:ALU) will report on 5 September. Decent firm, excellent yield, but has a large pension deficit.

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MrContrarian 30th Aug '17 2 of 5

These morning reports are great Matylda. I'm impressed at how much prep you make.
Here's my lazy effort https://twitter.com/MrContrarian/status/902786734340980736

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BlueFrew 30th Aug '17 3 of 5

I was short HSS Hire (LON:HSS) a couple of years ago, but had to give up as it was yet another zombie company surviving because of the lunatic interest rate policies of our central bank. It was obvious (and still is) that it needs to issue an absolute blizzard of confetti to fix it's balance sheet. Though whether it is fixable is another question.

We need to get back to a situation where failed businesses like this are put out of their misery far sooner, rather than being allowed to crush the margins and growth prospects of better run businesses. It's also about time that investors who continually take over indebted rubbish like this off the hands of private equity were taught a few lessons the hard way.

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JohnEustace 30th Aug '17 4 of 5

The trouble for OPG is that India is moving away from coal to solar. They have a lot of sunshine and solar is becoming very price competitive without subsidies.

Also the free float is 49% so there is the concern that the majority Indian owner gets fed up and takes it private.

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abtan 30th Aug '17 5 of 5

I think the Alumasc (LON:ALU) update is Sept 5th

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