Morning all!
Not much to report on today other than an acquisition for a company I hold.
Xpediator ( Xpediator (LON:XPD) ) – 61p – £71.6m – PER 14.6
Acquisition – Buys a UK based international freight forwarder – Expecting to be earnings enhancing immediately.
I hold here and will continue to do so.
As always, all comment most welcome!
My morning smallcap tweet: SEE significant sales success.
Seeing Machines (LON:SEE), Forbidden Technologies (LON:FBT), Tungsten (LON:TUNG), Luceco (LON:LUCE)
Seeing Machines (SEE) Design win, working with a major Tier 1 partner from a" global US-headquartered automotive OEM". Expects to deliver its FOVIO driver monitoring technology into multiple vehicle platforms for mass production from 2020 with rev from 2021. Guides lifetimes rev A$50m. Brings automotive customer base to six global Tier 1s and four OEMs. This is by far the largest.
Forbidden Technologies (FBT) £5.75m placing at 5p, a 7% disc.
Tungsten (TUNG) FY trading. Rev £33.7m up 9%. Forecast is £36.1m b ut they don't say it's a miss. Achieved monthly EBITDA breakeven during H2-FY18. 'Adequate' working capital, with net cash of £6.4m.
Luceco (LUCE) to close US business. It had rev of £4.2m and an operating loss of £1.9m. One-off closure costs are estimated to be c. £2m but will be cash neutral.
