I Read The News Today Oh Boy! 30-Jan-2019

Wednesday, Jan 30 2019 by
15

Morning all!

Best Of The Best ( Best Of The Best (LON:BOTB) ) – 220p – £22m – PER 17

Interim Results For The 6 Months To End October 2018 – Revenue up 28.5%, Adjusted Operating Profit up 14.7%, Adjusted EPS up 17.7%, Revenues now almost entirely online and there's a proposal to return £3.5m to shareholders after conclusion of a VAT claim.

Remains of interest and this update should probably help the share price. The HUGE spread puts me off though, can be 15%+.

Hargreaves Services ( Hargreaves Services (LON:HSP) ) – 292p – £94m – PER 14.3

Interim Results For The 6 Months To End November 2018 – Revenue up 12%, Loss made due to exceptional insolvency of Wolf Minerals (£8.1m), EPS up from 3.5p to 5.4p, Interim Dividend maintained at the same level.

I still have no conviction either way here.

Inspired Energy ( Inspired Energy (LON:INSE) ) – 17p – £122m – PER 9.7

Trading Update For The 12 Months To End December 2018 – Expects Revenue to be up 21%, Adjusted PBT to be up 22%, Net Debt to be £24m, the Order Book stands at £53m (£39m last year (up 36%)). Strong trading last year has continued into 2019.

This looks interesting again (having been a holder previously), will keep an eye out for Broker notes here today.

Low & Bonar ( Low & Bonar (LON:LWB) ) – 18p – £60m – PER 3.6

Final Results For The 12 Months To End November 2018 – There's enough minus figures here for me to just leave this be for now. There's also a placing.

Remains on my Avoid list.

Renew Holdings ( Renew Holdings (LON:RNWH) ) – 371p – £279m – PER 9.4

AGM Statement – Q1 trading in-line

Still looks about fairly priced here.

Solid State ( Solid State (LON:SOLI) ) – 365p – £31m – PER 12.9

Trading Update For The 12 Months To End March 2019

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Best of the Best Plc runs car competitions. The Company displays luxury cars as competition prizes in rented retail space within airport terminals, at shopping centers and online. The Company is engaged in selling tickets to passing airport passengers, as well as from online customers through its Website. The Company operates from approximately eight United Kingdom and over two international airport sites, as well as approximately from three shopping centers. The Company operates from various airport sites located at Gatwick North, Gatwick South, Birmingham, Manchester Terminal 1, Edinburgh, Dublin's Terminal 2 and Westfield shopping center located in London's Shepherds Bush. The Company's Indian franchise trades under the BOTB brand from Hyderabad airport. The Company carries out its principal operations in the United Kingdom. The Company's subsidiary is Best of the Best ApS. more »

LSE Price
285p
Change
 
Mkt Cap (£m)
26.7
P/E (fwd)
16.0
Yield (fwd)
0.8

Hargreaves Services plc is engaged in sourcing, producing, processing, handling and transporting carbon-based and other bulk materials throughout the United Kingdom and Europe. The Company's principal activities are the provision of haulage services, waste transportation, mineral import, mining and processing, together with specialist earthworks and related activities. Its segments include Coal Distribution, Industrial Services, Logistics and Specialist Earthworks. The Coal Distribution segment provides coal, coke, minerals, smokeless fuel and biomass products to a range of industrial, wholesale and public sector energy consumers. The Industrial Services segment provides contract management services to clients in materials handling and a range of other industrial sectors. The Logistics segment provides bulk logistics to customers across the United Kingdom. The Specialist Earthworks segment provides earth moving, civil engineering and infrastructure services across the United Kingdom. more »

LSE Price
243p
Change
-1.2%
Mkt Cap (£m)
78.1
P/E (fwd)
15.5
Yield (fwd)
3.8

Inspired Energy PLC provides energy purchasing and energy consultancy services to corporate, and small and medium-sized enterprise (SME) energy users. The Company's segments include The Corporate division (Corporate), The SME division (SME) and PLC costs. The Corporate segment includes operations of Inspired Energy Solutions Limited, Direct Energy Purchasing Limited, Wholesale Power UK Limited and STC Energy and Carbon Holdings Limited. Corporate's services are primarily in the review, analysis and negotiation of gas and electricity contracts on behalf of corporate clients. It provides additional services, which include energy review and benchmarking, negotiation and bill validation. The SME segment includes the operations of Energisave Online Limited, KWH Consulting Limited and Simply Business Energy Limited. Within the SME division, the Company's energy consultants contact prospective SME clients to offer reduced tariffs and contracts based on the situation of the customer. more »

LSE Price
14.75p
Change
1.0%
Mkt Cap (£m)
104.2
P/E (fwd)
7.3
Yield (fwd)
5.5



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


3 Posts on this Thread show/hide all

MrContrarian 30th Jan 1 of 3
3

MrC's Smallcap Sweep. Taptica merger, terms favour TAP holders.
◄TAP,RTHM,BOTB,SOLI,BOX,SAL,STM►
Full text & notes at:
https://drive.google.com/file/d/1-y60pwJyS5VCrgQ81XdVzhUr-avevpAP/view?usp=drivesdk



◄Taptica (TAP)► advanced discussions regarding an all-share merger with RhythmOne (nee Blinkx). with TAP holding 50.1%. Tuesday closing caps £114m and £147m for RTHM. How will RTHM sell this to holders? I hold.
◄Rhythmone (RTHM)► see TAP.
◄Best of the Best (BOTB)► £3.5m tender for 1 in 14 shares at 485p, a 120.5% premium! The very high tender price looks like a ruse to push up the SP. Obviously every holder will tender. They could make it a 1 in 140 at 4850p for example. Also H1 ahead of management forecasts.
◄Solid State (SOLI)► guides FY to exceed current market consensus. Rev above current guidance and adjusted profits significantly ahead.
◄Boxhill Technologies (BOX)► returns from 6 month suspension as it heaves out its H1 and FY to Jan 31 2018. Pretax -£1.7m (B/E). Going concern stmt: "the substantial achievement of the Group's cash flow forecasts represents a material uncertainty that may cast significant doubt on the Group's and the Parent Company's ability to continue as a going concern."
◄SpaceandPeople (SAL)► rabbiit from the hat after yesterday's warning. Had commenced a multi-year contract with Hammerson to deliver innovative promotional and short-term retail experiences across its flagship shopping centres in the UK. Surprised they couldn't trail this yesterday.
◄STM Group (STM)► guides FY rev £21.3m (£21.5m), including an expected £0.5m technical reserve release from London & Colonial Assurance. U/L rev £20.5m (£20.2m) and U/L pretax £3.7m (£3.2m). F/C rev is £20.8m but is this U/L? Warns on costs after its regulatory caning. "Some of the costs of strengthening the Group's governance framework have been incurred in 2018, however, this overall investment in infrastructure will result in an increase to our 2018 cost base which will flow through into 2019 and be reflected in future expectations."

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andrea34l 30th Jan 2 of 3
2

Are you comfortable with net debt of £24m for Inspired Energy (LON:INSE) Matylda? I'm afraid I'm only half awake, but I suppose if I am correct to state that gearing is debt / market cap then the ratio is pretty low... but compared to profit then it will take a while to pay off...?

Also, growth in EBITDA is expected to be 24%... but this is down quite a bit on the 39% at the halfway stage. So does this imply that H2 has been slower?

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matylda 30th Jan 3 of 3
2

In reply to post #441803

£INSE - Not really comfortable with that Net Debt no.

And, with no Broker notes I am a little concerned at the difference between the TTM figures and 2019E figures on Stocko - It's a pass for now for me, will wait to see the actuals.

Blog: Briefed Up
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