I Read The News Today Oh Boy! 8-Apr-2019

Monday, Apr 08 2019 by
14

Morning all!

Castleton Technology ( Castleton Technology (LON:CTP) ) – 112p – £91m – PER 16.4

Trading Update For The 12 Months To End March 2019 – FY to be in-line.

Insiders liked this as the price was up almost 10% on Friday. I also quite like it and any upgrade to forecasts would make me consider a purchase here – It's on my Watchlist.

VP ( VP (LON:VP.) ) – 995p – £399.5m – PER 9.9

Trading Update – Expects FY to be well ahead of last year and in-line with current market expectations.

I had this to say last time and I reckon it's still valid "Still some attraction here but the Net Debt is enough to keep me Neutral at present".

As always, all comment most welcome!

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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
103p
Change
0.5%
Mkt Cap (£m)
83.6
P/E (fwd)
14.5
Yield (fwd)
1.1

Vp plc is engaged in equipment rental and associated services. The Company is engaged in providing products and services to a range of end markets, including infrastructure, construction, house building, and oil and gas, both in the United Kingdom and overseas. Its segments include UK Forks, Groundforce, Airpac Bukom, Hire Station, Torrent Trackside, TPA and TR Corp. The UK Forks segment is a hirer of telescopic handlers and tracked access platforms. Its Airpac Bukom segment offers oilfield services and is engaged in provision of specialist compressed air and steam generation services. Its TPA segment provides equipment rental and installation of portable roadways, walkways and stairways. Its Hire Station segment is a provider of small tools, lifting, safety, survey, press fitting and low level access equipment. Groundforce is a rental provider of excavation support systems and specialist products.TR Group provides technology solutions to corporate, industrial and government clients. more »

LSE Price
824p
Change
3.0%
Mkt Cap (£m)
321.2
P/E (fwd)
7.9
Yield (fwd)
4.1



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


4 Posts on this Thread show/hide all

jonesj 8th Apr 1 of 4

Looks like the best day's performance for Castleton in the last 12 months was the trading day before this announcement.    

5cab03e7916c5Castleton.JPG
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andrea34l 8th Apr 2 of 4

I would suggest that the only reason the results from VP (LON:VP.) will be well ahead of last year are due to the acquisition of Brandon. Comments like "the UK division has experienced stable demand from its core market sectors" and "the Group has experienced on-going challenging trading conditions in the offshore oil and gas sector" don't give me much enthusiasm for considering this company again.

There is a good trading update from Sirius Real Estate (LON:SRE) (I hold) today, with organic rental growth greater than expected and a good level of profitable transactions that will leave it with plenty of cash for future buys.

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sharw 8th Apr 3 of 4
2

Friday's move in Castleton Technology (LON:CTP) came from a large number of buys which I suspect was not insiders but fans of Stephen English following this posting late on Thursday:

https://www.stockopedia.com/content/video-interview-navigating-the-markets-with-stephen-english-465756/

See section starting 33 mins. in.

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MrContrarian 8th Apr 4 of 4
1

My morning smallcap tweet: Debbie's stalker still hot and sweaty

Safeland (LON:SAF), Yourgene Health (LON:YGEN), Debenhams (LON:DEB)

Safeland (SAF) proposes cancellation and nil premium tender offer.
Yourgene Health (YGEN) guides FY rev up 45% ,ahead of mkt exp. Profit ??
Debenhams (DEB) Mashley offers to underwrite placing if lenders wite off £148m. And with all Sports Direct special offers recently, Mashley becomes CEO.

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