I Read The News Today Oh Boy! 7-Oct-2019

Monday, Oct 07 2019 by
8

Morning all!

Angling Direct ( £ANG ) – 59p – £38m – PER 239

Interim Results For The 6 Months To End July 2019 – Revenue up 21%, Gross Profit up 18%, on target to meet FY expectations.

Will wait to see how the FY looks.

Franchise Brands ( £FRAN ) – 83p – £65m – PER 21

Acquisition And Trading Update – Buys company to compliment Metro Rod, £4m cash and the issue of £1m new shares at 82.5p each, will be significantly earnings enhancing. Trading Update seems positive but no guidance on FY.

Still quite like this and will keep an eye out for Broker updates, always been tempted here but never hit the Buy button.

Ramsdens Holdings ( £RFX ) – 194p – £60m – PER 10

H1 Trading Update – H1 in-line, sold some Gold stock for one off £600k Gross Profit, confident for FY.

Still looks quite attractive and a stock I will probably be a buyer of in any general market downturn.

As always, all comment most welcome!

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Franchise Brands PLC is a multi-brand international franchisor. It has a network of over 450 franchisees in approximately 12 countries. Its brands include Metro Rod, ChipsAway, Ovenclean and Barking Mad. ChipsAway brand provides small to medium area repair technology repairs, such as bumper scuffs, paintwork scratches, minor dents and kerbed alloy wheels to the automotive industry. Ovenclean brand provides oven cleaning service to all domestic oven brands and models, including electric ovens, gas ovens, ranges, microwaves, hobs, extractor fans and also barbecues. Its Metro Rod is a specialty drain clearance and maintenance services provider. It offers high-pressure water jetting, drain or sewer lining, excavation, electro mechanical cleaning and fat and grease management. Metro Plumb offers a focused range of plumbing services mainly to the emergency insurance market. Barking Mad is a provider of dog home boarding services and pet care franchise, and also provides dog sitting service. more »

LSE Price
89.35p
Change
1.0%
Mkt Cap (£m)
70.2
P/E (fwd)
19.0
Yield (fwd)
1.2

Ramsdens Holdings PLC (Ramsdens) is a financial services provider and retailer. The Company operates through four segments: Foreign Currency Exchange, Pawnbroking, Purchases of precious metals and Jewellery Retail. The Foreign Currency Exchange segment consists of primarily, the sale and purchase of foreign currency notes with prepaid travel cards and international bank to bank payments. The Pawnbroking segment is a form of asset backed lending where an item of value is given to the pawnbroker in exchange for a cash loan. Through its precious metals buying and selling service, Ramsdens offers to buy unwanted jewelry, gold and other precious metals from customers for cash. The Company is engaged in refurbishing items bought from customers and retailing them through its store network. The Company also provides ancillary services, including franchise fees, western union, sale and buy back of electronics, and credit broking. It has a portfolio of over 130 stores. more »

LSE Price
195.8p
Change
1.2%
Mkt Cap (£m)
59.7
P/E (fwd)
9.2
Yield (fwd)
3.9

Angling Direct plc is a United Kingdom-based fishing tackle retailer company. The Company is principally focused on selling fishing tackle products and related products through retail stores and also online via its own Website (www.anglingdirect.co.uk). The Company’s product categories include reels, terminal tackle, rods, bait and additives and bivvies and shelters. The Company fishing tackles products, including capital items, consumables, luggage and clothing. Theses all fishing tackle products sells under its own brand Advanta. The Company operates approximately 15 retail stores. The Company has developed angling superstores. more »

LSE Price
59.4p
Change
0.7%
Mkt Cap (£m)
38.1
P/E (fwd)
1,040
Yield (fwd)
n/a



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


1 Post on this Thread show/hide all

MrContrarian 7th Oct 1 of 1
1

My morning smallcap tweet: Construction destruction at SIG

Totally (LON:TLY), SIG (LON:SHI), Local Shopping REIT (LON:LSR), Deltex Medical (LON:DEMG), Time Out (LON:TMO)

Totally (TLY) wins two contract extensions. £10.6m to Sep 2020 and £6m from April 2020 to March 2022. F/C FY20 rev is £120m.
SIG (SHI) construction mkt weakened further in UK & Germany. Warns significantly lower profit than its prev. expectations. Also selling Air Handling and Business Solutions divs for £230m tot. Will return majority of cash not used to cut debt ie up to ~£60m.
Local Shopping REIT (LSR) Duncan Soukup coup takes effect following cash return. He becomes Chair and an independedt NED appointed. 3 directors leave.
Deltex Medical Group (DEMG) FD left on Friday. He is thanked.
Time Out (TMO) placing of up to £17m at 127p, a nil discount. Cash for continued investment in roll-out of Time Out Market and to reduce debt.

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