I Read The News Today Oh Boy! 7-Aug-2018

Tuesday, Aug 07 2018 by

Morning all!

T Clarke ( T Clarke (LON:CTO) ) – 83.7p – £35.0m – PER 6.09

Interim Results For The 6 Months To End June 2018 – Revenues up 7%, EPS up 47%, Interim Dividend up 10% but the forward Order book is down -6%. Expects FY to be in-line with the Board’s expectations.

A lot to like here and although I don’t see the opportunity for real growth it’s tempting - Could well benefit from income seeker interest at 4%+ and well covered. On the Watchlist to research a little more.

Zotefoams ( Zotefoams (LON:ZTF) ) – 554p – £267.6m – PER 27.9

Interim Results For The 6 Months To End June 2018 – Record Revenue, up +17% (CC), PBT (pre-exceptional) up 21% (EPS up 15%) with the Interim Dividend up 3.1% - Continues to trade in-line with the Board’s expectations.

(Wrongly it seems) avoided this on a PER of 19, 25.3 and now at 27.9 I still don’t see value here, I remain Neutral.

Pendragon ( Pendragon (LON:PDG) ) – 24.05p – £339.2m – PER 6.62

Interim Results For The 6 Months To End June 2018 – A little mixed but FY remains in-line.

Stills looks like a decent income play at 6%+ but the Net Debt and the industry being one I am just not interested in at the moment keeps me Neutral.

Interserve ( Interserve (LON:IRV) ) – 72p – £107.8m – PER 4.11

Interim Results For The 6 Months To End June 2018 – Stated as being in-line with FY expectations unchanged.

I remain Neutral here however it looks like a real bargain (if the forecasts are achieved) – Note, the Net Debt is HUGE (5x current Market Cap).

As always, all comment most welcome!

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TClarke plc is a United Kingdom-based building services company, which delivers electrical, mechanical, and information and communications technology (ICT) services. The Company provides electrical and mechanical contracting and related services to the construction industry and end users. Its geographical segments include London and South East, Central and South West, the North and Scotland. The Company's businesses include Intelligent Buildings Green Technologies, Facilities Management, Transport, Mission Critical, Manufacturing Services, Residential & Hotels, M&E Contracting and Design & Build. The Company within its M&E contracting business has capabilities in sectors, including commercial offices, retail, education, healthcare, financial services and media. Its Manufacturing Services business includes in-house precision prefabrication and engineering services. Its projects include Beckley Court, Chiswick Park, Kettering Hospital, Project Nova, Mitie Care Home and Rathbone Square. more »

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Zotefoams plc is a United Kingdom-based cellular material technology company. The Company is engaged in the manufacture and sale of cross-linked block foams. The Company's segments include Polyolefins, High-Performance Products (HPP) and MuCell Extrusion LLC (MEL). Polyolefins foams are made from olefinic homopolymer and copolymer resin. HPP foams include ZOTEK F foams and T-Tubes insulation, made from polyvinylidene fluoride (PVDF) fluoropolymer. Other products include foams made from polyamide (nylon) and PEBA. MEL licenses microcellular foam technology and sells related machinery. The Company offers a range of categories of products, such as AZOTE, including PLASTAZOTE, EVAZOTE and SUPAZOTE; ZOTEK, including ZOTEK F, ZOTEK N and ZOTEK PEBA, and T-FIT. Its products are used in a range of markets, including sports and leisure, packaging, transport, medical, Industrial, building and medical other construction, and other. more »

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Pendragon PLC is an automotive online retailer. The Company's principal market activities are the retailing of used and new vehicles and the service and repair of vehicles (aftersales). Its segments are Stratstone, which consists of its vehicles, truck and commercial vans brand, including the sale of new and used motor cars, motorbikes, trucks and vans, together with associated aftersales activities; Evans Halshaw, which consists of its volume brand, including the sale of new and used motor vehicles and commercial vans; US Motor Group, which consists of its retail operations in California in the United States, including the sale of new and used motor cars; Pinewood, which consists of its activities as a dealer management systems provider; Leasing, which consists of its contract hire and leasing activities; Quickco, which consists of its wholesale parts distribution businesses, and Central, which represents its head office function and includes all central activities. more »

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

1 Post on this Thread show/hide all

MrContrarian 7th Aug '18 1 of 1

My morning smallcap tweet: Beachy heads down

Harvey Nash (LON:HVN), Pebble Beach Systems (LON:PEB), Proactis Holdings (LON:PHD)

Harvey Nash Group (HVN) 130p recommended offer, 17% premium. Holders also get 1.75p div.
Pebble Beach Systems (PEB) H1 trading. Rev £3.9m (£4.6m) "despite unsettled market conditions during this period of technology and commercial transition, coupled with delayed timing of order intake in H1 2018." Confident of H2, with an increased backlog of £4.7m. Guides FY rev marginally below FY17 and improved profitability. Looks a big miss on F/C rev £13.9m but they don't say so.
PROACTIS Holdings (PHD) FY trading. Rev £52m and adj EBITDA ~£17m. Looks a miss against F/C rev £57m but they don't say so.

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