I Read The News Today Oh Boy! 8-Oct-2018

Monday, Oct 08 2018 by
14

Morning all!

Bioventix ( Bioventix (LON:BVXP) ) – 3220p – £165.5m – PER 32.2

Results For The 12 Months To End June 2018 – Revenue up 21% to £8.8m, PBT up 19% to £6.9m, Cash up £0.8m to £7m, Second Interim Dividend of 36p (2017: 31p) and a Special Dividend of 55p (2017: 40p).

Another one of my casualties from waiting for pullbacks and not paying up (have now gladly changed this approach)! Remains on my Watchlist.

Codemasters Group ( Codemasters Group (LON:CDM) ) – 176.5p – £247.1m – PER 14.9

Trading Update For The 6 Months To End September 2018 – FY to be in-line.

First coverage for me, I will go Neutral here while I look into what “in-line” is forecast to look like – Gross margin here is 88.5% and they have a decent amount of Cash too, so looks healthy enough.

EasyHotel ( easyHotel (LON:EZH) ) – 101.5p – £148.1m – PER 50.8

Trading Update For The 12 Months To End September 2018 – In-line.

On a PER of 50.8 this now looks more reasonably priced (it was 70+ last time I looked) but I will remain Neutral for now.

Reach ( Reach (LON:RCH) ) – 65.6p – £196.3m – PER 1.76

Q3 Trading Update – Expects FY to be in-line (PBT between £132.1m to £133.9m).

It’s very cheap and the yield stands at 9% here. The risks to me are the HUGE Pension Deficit and the terminal decline of the print sector. I remain Neutral but with £130m or so in PBT and the push to digital revenues this may well be the bargain of the year, perhaps!

Sopheon ( Sopheon (LON:SPE) ) – 908p – £92.0m – PER 23.0

Q3 Trading Update – Expecting FY to exceed current market expectations.

Sadly remains on my Watchlist since 367p, less than a year ago – One of the reasons I have moved away from waiting for pullbacks. Remains on my Watchlist until I finally decide to pay up here, perhaps today!

Angling Direct ( Angling Direct (LON:ANG) ) – 108p – £46.4m – PER 43.1

Interim Results For The 6 Months To End July 2018 – Revenue up 55.8% to £21.94m, PBT up over 50% to £0.57m, EPS positive 1.11p versus -0.33p last time.

I remain Neutral here although I have to say, I have probably got this one wrong – Last time I said “Quite a lot to like here but it’s fishing equipment! Just feel Amazon could gobble the on-line side up quite easily if it wanted to and that the retail side is probably running at a tiny profit/loss”.

Amino Technologies ( Amino Technologies (LON:AMO) ) – 211.5p – £154.0m – PER 12.4

Trading Update For The 12 Months To End November 2018 – This looks like ouch! Orders down and costs up. FY PBT expected to be circa $11.5m and Stockpedia has Net Profit forecast at $18.4m.

It mentioned the dreaded “H2 weighting” in the previous results and confidence in hitting FY expectations. I’m moving from Neutral to Avoid here for now.

As always, all comment most welcome!


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Bioventix PLC is a United Kingdom-based biotechnology company. The principal activity of the Company is the development and supply of antibodies. The Company specializes in the development of sheep monoclonal antibodies (SMAs) for use in immunodiagnostics focusing on the areas of clinical diagnostics and drugs of abuse testing. The Company's non-vitamin D business consists of antibodies, NT proBNP (heart failure), testosterone, Free Triiodothyronine (FT3) (thyroid hormone), estradiol, and various drugs, such as tetrahydrocannabinol (THC)/cannabis, and progesterone. The Company offers products for indications, such as thyroid, fertility, oncology, cardiac, vitamin D, drug of abuse, infectious disease and miscellaneous. Its sheep hybridoma technology produces cell lines that secrete SMAs. The Company offers a panel of SMAs to 25-OH D and has various 25-OH D2 and 25-OH D3 specific antibodies. It sells its products through direct sales and through distributors. more »

LSE Price
3270p
Change
1.9%
Mkt Cap (£m)
165
P/E (fwd)
27.2
Yield (fwd)
2.4

Codemasters Group Holdings PLC, formerly Codemasters Group Holdings Limited, is a United Kingdom-based video game developer and publisher. Through its subsidiary, The Codemasters Software Company Limited, the Company designs, develops and produces driving and racing games. The Company’s driving and racing games include DiRT, GRID, Micro Machines, ONRUSH and Formula 1 series of videogames. It produces Formula One’s range of games for the Playstation 4 console. more »

LSE Price
184.03p
Change
-0.5%
Mkt Cap (£m)
259
P/E (fwd)
15.5
Yield (fwd)
n/a

easyHotel PLC is a United Kingdom-based owner, developer, operator and franchisor of branded hotels. The Company operates through two segments: Owned properties and Franchising. The Owned properties segment is involved in hotel operations carried out in the Company's owned hotels and properties. The Franchising segment includes its franchise hotel operations in connection with the license of the Company's brand name. The Company has a portfolio of 29 hotels, which includes 1,280 owned/lease rooms. The Company's owned hotels include Old Street (London), Glasgow and Croydon. Its franchise locations include Bulgaria (Sofia), Czech Republic (Prague), Germany (Berlin, Frankfurt), Hungary (Budapest), the Netherlands (Amsterdam, Rotterdam and The Hague), Switzerland (Basel, Zurich), the United Arab Emirates (Dubai) and the United Kingdom (Edinburgh, London Central and Heathrow, and Luton). The Company's subsidiary is easyHotel UK Limited. more »

LSE Price
96p
Change
2.7%
Mkt Cap (£m)
136.5
P/E (fwd)
62.3
Yield (fwd)
0.4



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


1 Post on this Thread show/hide all

MrContrarian 8th Oct 1 of 1
5

My morning smallcap tweet: finnCap whacks Ackers.

French Connection (LON:FCCN), CAP XX (LON:CPX), Hydrodec (LON:HYR), Akers Biosciences Inc (LON:AKR), Sopheon (LON:SPE), Amino Technologies (LON:AMO)

French Connection (FCCN) confirms it is up for sale. I hold.
CAP-XX (CPX) Giant component co TDK will licence a family of CAP-XX's patents for supercapacitors. Joins Murata and AVX.
HydroDec Group (HYR) £10m placing and £2.8m open offer at >=75p post 100:1 consol. A 42% discount. Cash needed for working capital, R&D...
Akers Biosciences (AKR) finnCap gives the wobbly biomedical co 3 months notice and cracks the whip. finnCap will resign immediately unless whole Board of Directors attends an 'AIM Rules briefing' hosted by finnCap. Never seen that before. CEO resigns, replaced by non-board consultant. Agrees to pay $930,000 to US co Pulse Health to settle lawsuit. Will focus business on Particle Immuno-Filtration Assay.
Sopheon (SPE) expects FY to exceed market expectations from finnCap and Progressive.
Amino Technologies (AMO) warns FY adj pretax only $11.5m = £8.8m (£11.2m). Blames disappointing orders and and higher than expected component prices.

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