I Read The News Today Oh Boy! 31-Jan-2019

Thursday, Jan 31 2019 by

Morning all!

Alumasc ( Alumasc (LON:ALU) ) – 109p – £39m – PER 6

Interim Results For The 6 Months To End December 2018 – Revenue up 4%, Underlying PBT down from £3.5m to £2.5m, Order Book up 17% YoY, Basic EPS up from 6.9p to 8.4p, Interim Dividend unchanged. Net Debt is down from £4.8m to £0.3m. Expects a better H2.

Looks like value to be had here if forecasts are met, I am just not convinced they will be.

Angle ( Angle (LON:AGL) ) – 3.5p – £90.4m – PER n/a

Interim Results For The 6 Months To End October 2018 – Still not making a Profit.

I will cease coverage here until I see signs of a Profit, at least a forecast one.

Avon Rubber ( Avon Rubber (LON:AVON) ) – 1265p – £392m – PER 16.4

Trading Update – Despite a few problems still expecting to meet FY expectations.

I see no attraction here at a price above 1000p.

Discoverie Group ( Discoverie (LON:DSCV) ) – 400p – £293m – PER 14.2

Q3 Trading Update – Continued strongly and expects FT to be in-line with their expectations.

There's just not enough here to get me interested in being a Buyer at present.

Epwin ( Epwin (LON:EPWN) ) – 76p – £109m – PER 7.1

Trading Update For The 12 Months To End December 2018 – "Revenue and underlying operating profit, before non-underlying items, exceptional items and discontinued operations, is anticipated to be within the range of market expectations, with leverage at less than 1x underlying EBITDA". Not a particularly optimisitic outlook either.

Still has a high StockRank of 98 but I remain unconvinced here.

Flowtech Fluidpower ( Flowtech Fluidpower (LON:FLO) ) – 121p – £74m – PER 7.4

Trading Update For The 12 Months To End December 2018 – Revenue up 42% (organic 6%), Net Debt £19.9m (up from £14.9m). Expecting Underlying PBT of £10.6m - £10.8m. Dividend to be up 5% and expects a solid start to 2019.…

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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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ANGLE plc is a holding company. The Company's principal activity is undertaken in relation to the commercialization of its Parsortix cell separation system, with deployment in non-invasive cancer diagnostics. The Company is a specialist medical diagnostic company, which offers products for cancer diagnostics and fetal health. Its Parsortix cell separation system uses a microfluidic technology in the form of a one-time use cassette to capture and then harvest circulating tumor cells (CTCs) from blood. The cassette captures CTCs based on their less deformable nature and larger size compared to other blood components. The resulting liquid biopsy (blood test) enables the detection and investigation of mutations in the patient's cancer for personalized cancer care. The harvested CTCs have a range of applications, including diagnosis, prognosis, mutational analysis and drug selection, drug development, assessment of treatment effectiveness and remission monitoring. more »

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Avon Rubber p.l.c. is a United Kingdom-based technology group. The Company specializes in respiratory protection systems and milking point solutions through its two businesses, Avon Protection and milkrite InterPuls. The Company designs, tests and manufactures specialist products and services. Avon protection is the advanced chemical, biological, radiological and nuclear (CBRN) respiratory protection systems for the military, law enforcement and fire markets. The milkrite InterPuls is providing complete milking point solutions to customers across the world. more »

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

2 Posts on this Thread show/hide all

MrContrarian 31st Jan 1 of 2

My morning smallcap tweet: FireAngel slams holders into the wall again

Eservglobal (LON:ESG), SRT Marine Systems (LON:SRT), Fireangel Safety Technology (LON:FA.), Newmark Security (LON:NWT), Ashley House (LON:ASH), £R4E, NAHL (LON:NAH), AO World (LON:AO.), Watchstone (LON:WTG)

eServGlobal (ESG) wins 2 PayMobile contracts with existing customers in the Middle East totalling ~€1m.
SRT Marine Systems (SRT) £4m placing at 30p (an 18% disc) "to accelerate the development of coast guard specific system functionality in order to meet project delivery schedules for expected new contracts, to expand and [blah blah keep the lights on]" Trading: "progressing discussions on three further contracts with separate government agencies/Ministries in the Philippines worth up to £152m". I hold.
FireAngel SafetyTechnology (FA.) guides FY op loss below market expectations. Rev down 31%, underlying operating profit c.-£2m (+£4.7m). A warranty provision release has been prudently retained based on current higher product costs. Manufacturing problems fragging on to this FY.
Newmark Security (NWT) H1 rev-cont up 20%. EPS-cont 0.09 (-0.1). Warns revenue within asset protection division expected to be lower "due to seasonality factors as in previous years among reasons.
Ashley House (ASH) H1. Warns on FY due to scheme closures lower than initially anticipated.
Reach4Entertainment (R4E) guides FY adj EBITDA significantly ahead of expectations. Also expects 2019 profit ahead of expectations.
NAHL Group (NAH) granted a licence to launch its own law firm. I hold.
AO World (AO.) CEO has had enough. He is thanked and will be part time adviser. Founder John Roberts jumps back in the seat today.
Watchstone Group (WTG) guides FY rev £37.7m down 16%. F/C was £41m. Expects Slater & Gordon Claim to go to trial October. I'm short.

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andrea34l 31st Jan 2 of 2

A disappointing quarterly report from Sylvania Platinum (LON:SLP) with PGMs down 22% and revenue (partially helped by PGM prices) down 12% with EBITDA down 22%; the assorted technical issues, including 20 days downtime at one mine, have been resolved.

Conversely there is a good update from Keywords Studios (LON:KWS) - "Board expects full year revenues of at least €250m (FY17: €151.4m) and adjusted profit before tax* of approx €37.8m (FY17: €23.0m). The Group's effective tax rate, has continued to reduce and is expected to be 19.0% (FY17: 20.5%).  As a result, adjusted earnings per share are expected to be c.47.0c, an increase of 51% compared to the prior year (FY17: 31.18c)" This is despite a "weaker than expected performance from Localisation Testing which saw a number of titles move from the last quarter of the year into the current year". This seems quite good value now.....?

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