I Read The News Today Oh Boy! 5-Jun-2019

Wednesday, Jun 05 2019 by
7

Morning all!

Alpha Financial Markets Consulting ( Alpha Financial Markets Consulting (LON:AFM) ) – 231p – £234m – PER 16.9

Results For The 12 Months To End March 2019 – Revenue up 15.1% (from £66m to £76m), Operating Profit up almost 50%, Adjusted EPS up 23% (from 9.8p to 12.05p), the Total Dividend is up 16.1% (6p). Acquisition also announced.

I quite like this still (but don't think it will ever set the world on fire) - Will keep an eye out for Broker updates.

Findel ( Findel (LON:FDL) ) – 193p – £167m – PER 6.9

Results For The 12 Months To End March 2019 – Revenue up 5.7% (to £506.8m), PBT up 17.7%, (Core) Net Debt at £57.4m, (Overall) Net Debt at £233.4m.

Attractive without the Net Debt, with it, not so much, I remain on the side-lines.

Impax Asset Management ( Impax Asset Management (LON:IPX) ) – 280p – £365m – PER 21.9

Interim Results For The 6 Months To End March 2019 – AUM up 6%, PBT up from £5.5m to £9.3m with Adjusted Diluted EPS down from 4.8p to 4.4p, the Interim Dividend is up from 1.1p to 1.5p.

Impressive as this seems, with outflows to be expected in a downturn, I just can't get more interested at the moment. Confused at the EPS figures (being down).

K3 Capital ( £K3C ) – 109p – £46m – PER 7.9

Trading Update For The Period To End May 2019 – Adjusted EBITDA to be at the upper end of market guidance, Revenue to be in-line. New Year has strong pipe-line, confident for 2020.

Might provide support for a share price down 70% or so from it's 12 month high, but not for me until I see the actuals.

Learning Technologies ( Learning Technologies (LON:LTG) ) – 82p – £548m – PER 19.6

AGM Statement – Very positive YTD in 2019, confident of achieving run-rate Revenue of £200m and EBIT of £55m+ by end 2021.

I remain Long here and hope this may help the price (down 50% from 12…

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Alpha Financial Markets Consulting PLC is a United Kingdom-based consulting company. The Company is engaged in providing consultancy services to the asset and wealth management industry. The Company offers a range of services such as M&A consulting, operations and outsourcing, front office information technology (IT), enterprise IT, CRM & distribution, digital and marketing, client service and reporting, compliance and regulation, data management, and product development. more »

LSE Price
210p
Change
-0.9%
Mkt Cap (£m)
214.1
P/E (fwd)
14.3
Yield (fwd)
3.5

Studio Retail Group plc, formerly Findel plc, operates in the home shopping and education supplies markets. The Company's segments include Express Gifts, Findel Education and Overseas Sourcing. The Express Gifts segment includes direct mail order businesses in the United Kingdom, offering online and through catalogue a range of home and leisure items, clothing, toys and gifts supported by credit offer. The Findel Education segment supplies resources and equipment (excluding information technology and publishing) to schools and educational establishments in the United Kingdom and overseas. The Overseas Sourcing segment includes sourcing office based in Hong Kong supplying importing services to various group companies and external customers. The Company's subsidiary Express Gifts Limited, includes Studio, an online and home catalogue shopping; Ace, an online store for home, living and garden needs, and Health & Home, an online store for beauty, home, office and garden accessories. more »

LSE Price
208p
Change
-1.0%
Mkt Cap (£m)
181.5
P/E (fwd)
7.1
Yield (fwd)
n/a

Impax Asset Management Group plc is an investment company offering listed and private equity strategies primarily to institutional clients. The Company has six listed equity strategies: Specialists, Leaders, Water, Asia-Pacific, Global Opportunities, and Food and Agriculture. Its real assets business comprises renewable power generation and sustainable property private equity funds. The Company has investments sectors, such as energy efficiency, which includes power network and buildings; alternative energy, which include solar, wind and biofuels; water infrastructure/technologies, which include treatment and utilities; pollution control, which include pollution control solutions, and testing and gas sensing; food, agriculture and forestry, which include logistics and sustainable forestry; waste management and technologies, which include tech equipment and hazardous, and environmental support services, which include consultancies and diversified environmental. more »

LSE Price
245p
Change
 
Mkt Cap (£m)
319.5
P/E (fwd)
19.4
Yield (fwd)
1.9



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


2 Posts on this Thread show/hide all

MrContrarian 5th Jun 1 of 2

My morning smallcap tweet:

£K3C, Fox Marble Holdings (LON:FOX)

K3 Capital Group (K3C) guides adj EBITDA at the upper end of the market guidance of 5 Apr.
Fox Marble (FOX) FY rev up 17%, "growth has not been as strong as expected". Blames quarry production volumes in Maleshevë. Pretax -€2.3m (-€3.4m). No f/c. Optimistic outlook. Going concern stmt.

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Gromley 5th Jun 2 of 2
1

Actually I thought the Learning Technologies (LON:LTG) statement es rather bland (although to be fair they don't normally update til July).

"Very strong", in relation to 2019, could mean anything.

I also would take little from the reconfirmation of the 2021 aspiration - especially as it will be supported by acquisition meaning they COULD achieve that with a bad buy, if they prioritised the numbers of good business.(not suggesting they would).

On the plus side though, it doesn't seem to be a profit warning, which recent share price movements might have hinted at.

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