Morning all!

EasyHotel ( easyHotel (LON:EZH) ) – 87.5p – £127.7m – PER 58.3

Final Results For The 12 Months To End September 2018 – Revenue up 33.7%, PBT up 1.4%, EPS down -21.4% and the Total Dividend has also been reduced, by -33%. Outlook is “realistic and exciting”.

On a PER of 50+ with a “realistic and exciting” outlook – I would say this is still realistically overpriced.

Impax Asset Management ( Impax Asset Management (LON:IPX) ) – 218p – £284.3m – PER 19.1

Final Results For The 12 Months To End September 2018 – AUM up 72%, Revenue doubled to £65.7m, PBT up 150% to £14.6m and the yield is more than double last year.

First coverage here for me, I will be looking into this more, looks quite interesting – If there’s a downside here for me it’s that I already hold Miton (MGR) and the sector is prone to an outflow of funds should the bear market take a grip.

Versarien ( Versarien (LON:VRS) ) – 218p – £284.3m – PER 19.1

Interim Results For The 6 Months To End September 2018 – Revenue up 19%, LBT -£0.78m (-£0.77m last time), Cash at £6.07m (after a £5, fund raise) – “in an excellent position to achieve the product commercialisation we are striving for”.

I remain on the side lines (until I see a Profit).

Dialight ( Dialight (LON:DIA) ) – 329p – £107.0m – PER 9.79

Trading Update For The 12 Months To End December 2018 – Emmm - Raw material issues, potential additional Pension scheme provisions and assembly relocation.

Remains well established on my Avoid list for now.

Clipper Logistics ( Clipper Logistics (LON:CLG) ) – 290p – £294.4m – PER 15.4

Unaudited Results For The 6 Months To End October 2018 – Revenue up 14.1%, PBT up 16.9%, EPS and the Interim Dividend both up 14.3%. Trading continues to perform well.

Tempted here, looks decent enough value now but I think I will wait to see the FY results.

Amino Technologies (

My morning smallcap tweet: Woodford bails out EVE.

Beeks Financial Cloud (LON:BKS), Dialight (LON:DIA), Versarien (LON:VRS), Gresham Technologies (LON:GHT), eve Sleep (LON:EVE), Trakm8 Holdings (LON:TRAK)

Beeks (BKS) 3 yr contract with Tier 1 financial services organisation. Phase 1 of the contract is worth ~£500k over 3 years and implementation should finish in Q1 of 2019.
Dialight (DIA) warns delays in raw material supplies hit November results. "Performance in December is critical to delivering our year end results and will require a further planned ramp up in production coupled with continuity of raw material supply.." Also pension scheme will be hit by ruling that schemes should equalise pension benefits for men and women as regards guaranteed minimum pension benefits.. "Should this outcome be upheld, we are working with the trustees of our pension schemes, and our actuarial and legal advisers, to understand the extent to which the judgment will crystallise additional liabilities for Dialight's pension schemes."
Versarien (VRS) H1 rev up 19%, pretax loss flat. Still lumps graphene sales in with plastic so you can't see how miniscule graphene sales are even though that's all anyone is interested in.
Gresham Technologies (GHT) guides FY adj EBITDA for 2018 to be materially below current market expectations.
Eve Sleep (EVE) plans £15m placing at 10p, a 29% discount. Woodford Investment Management to take £8m unless they can get other interest. Recent trading strong so continues to anticipate FY rev above market expectations.
Trakm8 (TRAK) good new at last for holders as £3m placing is at 22p, a 22% premium!