Morning all!
Nothing much here today from me…
Share ( Share (LON:SHRE) ) – 26p – £37.3m – PER 52.9
Tradiing Update – Q1 in-line, Revenues up 20%.
Remains interesting but no reason for me to change from being Neutral here.
As always, all comment most welcome!
My morning smallcap tweet: AIR's bumpy ride for holders continues.
Transense Technologies (LON:TRT), Gama Aviation (LON:GMAA), Shearwater (LON:SWG), Aggregated Micro Power Holdings (LON:AMPH), Cambridge Cognition Holdings (LON:COG), Air Partner (LON:AIR)
Transense Technology (TRT) placing at 40p, a 9% disc. It's for "marketing, further research and development and working capital for its Translogik business" ie to carry on.
Gama Aviation (GMAA) wins 3 year extension to Scottish Ambulance Service contract. Worth £50m from 2020.
Shearwater Group (SWG) Xcina Consulting acquisition going well, now trading EBITDA positive and is ahead of the Board's expectations.
Aggregated Micro (AMPH) FY trading: guides rev over £42m ahead of previous guidance. Guides pretax £1.8m.
Cambridge Cognition (COG) wins $0.5m contract with a major pharmaceutical company for the use of its Cognition Kit digital health software in a clinical trial.
Air Partner (AIR) The landing of flight FUBAR2018 is delayed. Shares suspended since FY accounts won't be finished until 11 June now. The delay "is in no way related to the Company's current trading, cash flow, banking arrangements or any underlying issue."
I am happy to hold a tiny holding in Share (LON:SHRE) as it gives me 25% off my dealing charges.
There's a slightly odd sounding AGM update from Brady (LON:BRY) which says that "owing to substantial progress" results will be "in line with management expectations". It makes me wonder what those expectations are (though, as usual, they are top secret) as the last results were absolutely appalling.
On 30th April Veltyco (LON:VLTY) stated that it expected to announce its results during the course of May. Well, it's 31st May... and nothing :-/
also an AGM statement from Northbridge Industrial Services (LON:NBI), which I'd describe as 'good but not good enough to get the share price up'.
sentiment in the oil and gas industry had begun to improve ... improvement in sentiment has become more noticeable since the beginning of the year, as the price of Brent crude continued to increase and approached $80 per barrel, and exploration and production activities have increased. This has been most apparent in our operations in Australia... we have placed our first capital investment order for drill pipe since 2014. However, whilst activities have begun to increase, rental rates still remain depressed and will take some further time to recover.
... It is still too early in the oil and gas recovery cycle to have a beneficial impact on power commissioning work that Crestchic is involved in
https://www.investegate.co.uk/...
this cyclical oil services firm not yet firing on all cyclinders!
Asagi (no position)
Always a warning sign in my opinion - funny how small caps always appear to release good news as soon as possible (even some before a deal is actually signed based on some vague customer 'intent') but bad news trickles out slowly.
Or comes in the form of a veiled profit warning followed by further more severe warnings further down the track.
Not suggesting Veltyco (LON:VLTY) is hiding anything but surprised at how choppy the share price has been since last August despite a constant stream of good news. Either share is very good value or something's going on...
I read the news today, and as a holder of Air Partner my reaction was more "Oh S**t" than "Oh Boy"...
