I Read The News Today Oh Boy! 4-Jul-2018

Wednesday, Jul 04 2018 by

Morning all!

Staffline ( Staffline (LON:STAF) ) – 933p – £260.7m – PER 7.92

Trading Update For The 6 Months To End June 2018 – In-line.

I remain Neutral.

Mattioli Woods ( Mattioli Woods (LON:MTW) ) – 795p – £208.0m – PER 19.4

Trading Update For The 12 Months To End May 2018 –  Strong organic revenue growth 15%+, EBITDA margin ahead of 20% target, recent acquisitions performing well with Net Cash of £20m+.

Still quite like this but not enough for a conviction to buy – I remain Neutral.

Topps Tiles ( Topps Tiles (LON:TPT) ) – 63p – £121.9m – PER 9.25

Trading Update For The 13 Week Period To 1 July 2018 – LFL Revenue down 2.3% - This seems not to be below forecasts (which seems to be a slight FY increase).

I will remain on the side-lines (Neutral) here.

Churchill China ( Churchill China (LON:CHH) ) – 980p – £107.5m – PER 15.8

Trading Update For The 6 Months To End June 2018 – Expects trading to be ahead of earlier expectations.

I remain Neutral as I see this fairly priced, perhaps even over priced on anticipation of a bid (for the brand name)?

Gresham Technologies ( Gresham Technologies (LON:GHT) ) – 197p – £133.2m – PER 28.7

Trading Update For The 6 Months To End June 2018 – LFL Revenue down 5%, expecting a strong H2.

This is coming off my Watchlist – Neutral now.

As always, all comment most welcome!

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Staffline Group plc is a holding company, which is engaged in the provision of recruitment and outsourced human resource services to industry and services in the welfare to work arena and skills training. The Company has two segments: Staffing Services, which includes the provision of temporary staff to customers, and PeoplePlus, which includes the provision of welfare to work and other training services. Its Staffing Services focuses on providing complete labor solutions in agriculture, food processing, manufacturing, e-retail, driving and the logistics sectors. Its recruitment business operates from well over 300 locations in the United Kingdom, Eire and Poland. The Staffing brands include Staffline OnSite, based on clients' premises providing both blue and white collar, out-sourced, temporary workforces. Its Employability includes work program, prime contractor in over nine regions and sub-contracts in approximately five regions in England. more »

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Mattioli Woods plc is engaged in providing wealth management, employee benefits and professional advises. The Company’s wealth management service includes: financial planning, which provide wealth building and trust planning; investments service include portfolio management, structured products and individual savings account (ISA); pension includes providing self-invested personnel pension and small Self-Administered Scheme(SSAS); property includes real estate investment trust (REIT), mortgage advice and legal services; protection includes life insurance and income protection. Employee benefits include flexible benefits pensions and workplace saving, guidance for lifetime, employee engagement, international, and mergers and acquisitions. Professional advises include providing self-invested personal pension advice. It operates through multiple offices in United Kingdom. more »

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Topps Tiles Plc is a United Kingdom-based retailer of tiles. The Company is engaged in the retail distribution of ceramic and porcelain tiles, natural stone, and related products. It operates in the Topps Tiles stores and online business segment. It supplies tiles and associated products to both trade and retail customer base, primarily for the refurbishment of the United Kingdom domestic housing. Its product categories include new products, bathroom wall tiles, kitchen wall tiles, mosaic tiles, kitchen floor tiles, bathroom floor tiles, ceramic tiles, porcelain tiles, underfloor heating, wet rooms, outdoor tiles, fireplace tiles and metro tiles. Its brands include Tile Adhesive, Tile Grout, Tile Preparations, Hardiebacker Board, Rubi Tools and Accessories, Warmup, and Homelux Tiles Trims. It offers tiles in various colors, such as beige tiles, black tiles, blue tiles, brown tiles, cream tiles and gold tiles. It has over 350 stores across the United Kingdom. more »

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

1 Post on this Thread show/hide all

MrContrarian 4th Jul '18 1 of 1

My morning smallcap tweet:

Venn Life Sciences Holdings (LON:VENN), Thruvision (LON:THRU), Connect (LON:CNCT), Churchill China (LON:CHH), Gresham Technologies (LON:GHT), Creo Medical (LON:CREO), Topps Tiles (LON:TPT)

Venn Life Sciences (VENN) placing at 6p, a 9% discount, for an acquisition.
Thruvision Group (THRU) tender offer at 17p. SP was 14.45p.
Connect Group (CNCT) renews distribution contract with NewsUK until 2024. Currently c£200m PA.
Churchill China (CHH) good H1 sales in Europe so guides FY ahead of its earlier expectations.
Gresham Technology (GHT) guides FY adjusted EBITDA broadly in line after weak H1 in Australia. But also say "Management remains confident in the full year outlook." ??
Creo Medical Group (CREO) UK Framework Distribution Agreement with Diagmed Healthcare for CROMA advance energy platform and Speedboat products. "This agreement is the next significant milestone in the commercialisation of our lead product, Speedboat RS2."
Topps Tiles (TPT) Q3 LFL down 2.3%, 0.1% worse than Q2. "The trading environment remained challenging during the third quarter but we are pleased with the resilience of our performance." No FY guidance.

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