I Read The News Today Oh Boy! 7-Nov-2017

Tuesday, Nov 07 2017 by
16

Morning All!

Blancco Technology ( Blancco Technology (LON:BLTG) ) – 7-Nov-2017 – 54.5p – £34.9m – PER 6.68

Final Results For The Year Ended June 2017 – This is in the “too hard for me pile” with the update being based mainly on adjusted 2016 figures. Stand out is no final Dividend.

The fact the latest results are just too complicated for me to figure out – And, the fact there will be no final Dividend is enough for me to be avoiding this one for now.

Castleton Technology ( Castleton Technology (LON:CTP) ) – 7-Nov-2017 – 62.75p – £49.4m – PER 12.3

Unaudited Interim Results For The 6 Months To End September 2017 –  Revenues up 10.9% to £10.8m (£9.7m last time), PBT £0.2m (£0.04m last time).

On a PER of 12.3 there’s little to excite here at present.

Ideagen ( Ideagen (LON:IDEA) ) – 7-Nov-2017 – 88.5p – £177m – PER 19.8

Trading Update For The 6 Months To End October 2017 – Strong H1 and expects Revenue and adjusted EBITDA to be significantly ahead of the same period last year – Trading in-line with market expectations for the full year to end April 2018. Cash is up to £5.9m (end April 2017, £4.8m).

Generally - Like the look of this but that PER of 19.8 looks a little too rich.

UP Global Sourcing Holdings ( UP Global Sourcing Holdings (LON:UPGS) ) – 7-Nov-2017 – 88p – £71.2m – PER 11.4

Full Year Results To End July 2017 – Revenue up 39.1% to £110.0m (£79.0m last time), PBT up 18.7% to £7.4m (£6.3m last time), Net debt of £6.0m (£10.0m last time) - Full year dividend of 5.115p per share (3.32p last time). Although current trading is in-line, as previously announced “the Board therefore anticipates that revenue growth for FY 18 is unlikely. In addition, approximately £4-5m of FY 18's revenue will now be recognised in FY 19 as a result of the move from FOB to landed arrangements with a key European customer”.

Attractive enough except for that sting in the tail – “Revenue growth for FY 18 is…

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Blancco Technology Group Plc, formerly Regenersis Plc, is a provider of mobile device diagnostics and secure data erasure solutions. The Company's segments include Erasure and Diagnostics. The Erasure segment focuses on development and delivery of solutions, and includes Blancco, which provides erasure software; SafeIT, which is engaged in cloud and networked data erasure business, and Tabernus, which is engaged in providing software erasure products. The Diagnostic segment includes Xcaliber Technologies, a smartphone diagnostics software business. Its secure data erasure solutions include Blancco Management Console, Blancco Cloud, Blancco File, Blancco 5, Blancco Mobile Solutions, Enterprise Erase E800, Enterprise Erase E2400, Enterprise Erase Mobile and Ontrack Eraser Degausser. Its mobile diagnostics solutions include fault diagnostics, repair and program enablement. It serves manufacturers, financial institutions, healthcare providers and government organizations across the world. more »

LSE Price
127.5p
Change
 
Mkt Cap (£m)
95.0
P/E (fwd)
30.8
Yield (fwd)
n/a

Castleton Technology plc, formerly Redstone PLC, is an investment holding company. The Company is engaged in providing software and managed services to the public and not-for-profit sectors, mainly the social housing sector. Its segments include Managed Services, which consists of Castleton Managed Services Limited and Keylogic Limited, and Software Solutions, which consists of the results of Castleton Software Solutions Limited, Kypera Limited and Kypera Pty. It offers KYPERA FINANCIALS, a finance solution, which uses a single ledger format; EDRM, which is an electronic document and records management system that allows organization to manage its documents and supporting information; P2P, which manages repairs and non-repairs processes and integrates finance and repairs system; AGILE, OPUS SERVICE CHARGES and MANAGED SERVICES. Its subsidiaries include Castleton Technology Intermediate Holding Company Limited, Castleton Group Holdings Limited and Castleton Information Group Limited. more »

LSE Price
100p
Change
 
Mkt Cap (£m)
81.7
P/E (fwd)
14.1
Yield (fwd)
1.1

Ideagen plc is engaged in the development and sale of information management software to businesses in various industries, and the provision of associated professional services and support. The Company is engaged in supplying governance, risk and compliance (GRC) solutions primarily to the healthcare, transport, aerospace and defense, manufacturing and financial services sectors. The Company’s portfolio products include Q-Pulse, Coruson, Pentana Audit, Pentana Performance and PleaseReview. Q-Pulse, which provides quality and safety management. Coruson,which provides cloud-based software solution. Pentana is an auditing software within its internal audit.It has operations in the United Kingdom, European Union, the United States, Middle East and Southeast Asia. more »

LSE Price
145.5p
Change
2.5%
Mkt Cap (£m)
319.8
P/E (fwd)
23.8
Yield (fwd)
0.2



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


1 Post on this Thread show/hide all

MrContrarian 7th Nov '17 1 of 1
4

My morning smallcap tweet:

Paragon Entertainment (LON:PEL), European Wealth (LON:EWG), Feedback (LON:FDBK), Blancco Technology (LON:BLTG)

Paragon Entertainment (PEL) FY trading. Rev broadly in line with the Board's expectations at £15.0m but EBITDA significantly lower than previous expectations at ~£0.7m. Deferred orders, project delays and cost overruns.
European Wealth Group (EWG) buys Newbridge Securities Corporation and Newbridge Financial Services Group for $1. Comes with $17.6m liabilities. $16m payableon completion. Gains $1.7bn AuM.
Feedback (FDBK) FY loss £300k (loss £250k). "We are acutely aware that [TexRAD's] development has taken longer than originally expected, however we are confident that our rigorous regulatory review will pave the way for new products and therefore maximise the potential for TexRAD's clinical use worldwide."
Blancco Tech Group (BLTG) FY rev up to 31% to £27.7m, boosted by restatement of £1.2m from 2016 to this yr. Adj-cont EPS 3.02p (2016 restated: 4.16p). EPS-cont -5.20p (2016 restated: -5.17p). Passes final div (f/c 1.4p for final). Outlook: "The business is targeting revenue growth for the 2018 financial year between 6% and 16% with an adjusted operating profit margin between 8% and 12%." Is that good?

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