I Read The News Today Oh Boy! 9-May-2019

Thursday, May 09 2019 by
12

Morning all!

Cambria Automobiles ( Cambria Automobiles (LON:CAMB) ) – 60p – £60m – PER 7.3

Unaudited Interim Results For The 6 Months To End February 2019 – Revenue up 4.5%, Underlying PBT up 14.6% and Underlying UPS up 18.1%, the Interim Dividend is maintained (at 0.25p). All looks to be supported by aftersales. Expects FY to be ahead of current market expectations.

This would be more interesting if it wasn't seemingly supported mainly by aftersales. Will keep a keener eye here now though (and on the sector in general).

Elcosoft ( Elecosoft (LON:ELCO) ) – 81p – £66m – PER 17.5

Trading Update For The Quarter To End March 2019 – Revenue up 20%, PBT higher than the same quarter last year (in-line with market expectations), Net Debt at £0.9m (£2.1m at 31-Dec-2018). No guidance on FY.

Sold out last October here and not yet tempted back in.

Findel ( Findel (LON:FDL) ) – 176p – £152m – PER 6.3

Trading Update For The 12 Months To End March 2019 – PBT slightly above market expectations, Net Debt circa £57m (£73.8m last time).

Looking much more interesting here, will be keeping an eye out for updated Broker notes.

Huntsworth ( Huntsworth (LON:HNT) ) – 94p – £325m – PER 10.8

Trading Update For The 4 Months To End April 2019 – In-line with Net Debt lower than expected.

Based on forecasts this looks fairly valued here to me.

TT Electronics ( TT electronics (LON:TTG) ) – 239p – £400m – PER 13

Trading Update For The 4 Months To End April – Revenue ahead 27% (10% organic) on last year, Order book also ahead, Profits and not mentioned.

I am a little wary that there's no mention of profitability in this update as they do seem to like a game of hit and miss in this area (looking at the historics). Cannot really be interested until I see some actuals.

Water Intelligence ( Water Intelligence (LON:WATR) ) – 407p – £62m – PER 34.8

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Cambria Automobiles plc is a motor dealer, which is engaged in the sale and servicing of motor vehicles. The Company is engaged in the provision of car vehicle sales, vehicle servicing and related services. It is a retailer of new and used cars, commercial vehicles and motorbikes. It operates on a dealership-by-dealership basis. It operates from approximately 30 sites with a total of over 50 dealer franchises. It operates dealerships across England, from the North West through the Midlands, down to Kent in the Southeast and across Exeter in the South West, trading under local brand names, such as Dees, Doves, Grange, Invicta, Motorparks and Pure Triumph. Its brand portfolio comprises Abarth, Alfa Romeo, Aston Martin, Dacia, Ford, Fiat, Honda, Jaguar, Jeep, Land Rover, Mazda, Nissan, Renault, Seat, Triumph, Vauxhall and Volvo. It also provides ancillary services. It offers finance and insurance for the execution of the transaction along with service plans to maintain the vehicle. more »

LSE Price
60p
Change
 
Mkt Cap (£m)
60.0
P/E (fwd)
6.6
Yield (fwd)
1.7

Elecosoft plc is a United Kingdom-based company. The Company is focused on providing software and related services to the architectural, engineering, construction and digital marketing industries. The Company’s software programs cover project management, construction site management, estimating, timber engineering, 3D design and visualization, and cloud-based digital marketing solutions. more »

LSE Price
78.5p
Change
0.6%
Mkt Cap (£m)
64.0
P/E (fwd)
16.7
Yield (fwd)
1.1

Findel plc operates in the home shopping and education supplies markets. The Company's segments include Express Gifts, Findel Education and Overseas Sourcing. The Express Gifts segment includes direct mail order businesses in the United Kingdom, offering online and through catalogue a range of home and leisure items, clothing, toys and gifts supported by credit offer. The Findel Education segment supplies resources and equipment (excluding information technology and publishing) to schools and educational establishments in the United Kingdom and overseas. The Overseas Sourcing segment includes sourcing office based in Hong Kong supplying importing services to various group companies and external customers. The Company's subsidiary Express Gifts Limited, includes Studio, an online and home catalogue shopping; Ace, an online store for home, living and garden needs, and Health & Home, an online store for beauty, home, office and garden accessories. more »

LSE Price
248p
Change
-1.4%
Mkt Cap (£m)
217.4
P/E (fwd)
8.6
Yield (fwd)
n/a



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


1 Posts on this Thread show/hide all

MrContrarian 9th May 1 of 1
2

My morning smallcap tweet: Frontier Smart trading smarts

Beeks Financial Cloud (LON:BKS), Velocity Composites (LON:VEL), Frontier Smart Technologies (LON:FST), Mirriad Advertising (LON:MIRI), Cambria Automobiles (LON:CAMB), Findel (LON:FDL), Versarien (LON:VRS), Watchstone (LON:WTG)

Beeks Financial Cloud Group (BKS) small acquisition. Commercial Network Services, a US-based online service provider, for $1.4m max. Co had rev of $1m and pretax $0.17m. Expected to be earnings enhancing within the first full year.
Velocity Composites (VEL) guides H1 ahead of Board expectations with rev up 5%. Adj pretax marginally ahead of breakeven and net cash flow effectively neutral.
Frontier Smart Technology (FST) warns FY rev only $36.6m and adj EBITDA loss of no worse than $0.9m. Blames competitive pressures in Digital Radio, continued weak sales in Smart Audio and slow start to new Smart Audio/IoT licensing business - 37% lower than market expectations.
Mirriad Advertising (MIRI) FY rev £416k, down 52%. Pretax -£14.3m (-£11m). EPS -14p (-19p). Newish CEO boasts that "The business is now getting into a far better position...I am very encouraged by the progress to date."
Cambria Automobiles (CAMB) H1 is ahead of management's expectations with rev up 4.5%, U/L EPS up 18% to 4.51p. Guides FY ahead of current market expectations.
Findel (FDL) guides FY pretax slightly above current market expectations of £27-£28m.
Versarien (VRS) is America the new China for VRS? A bunch of collaboration agreements follows the opening of its US office and laboratory facility.
Watchstone Group (WTG) FY rev £38m down 15%, EPS -12.6 (-41.1). Stockopedia F/C rev £41m but that's clearly wrong as WTG already guided £37.7m in Jan. Ingienie sales poor. I'm short.

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andrea34l 9th May 1 of 1
2

The market seems to like the update from TT electronics (LON:TTG) (which I hold) though, as you mention, there is no mention of profit growth or even a hint regarding whether margins are up, down, etc.

Interims from Character (LON:CCT) look okay... though I large proportion of turnover increase is due to the Proxy acquisition and international sales are reported as only being 'steady'; the rating looks undemanding, though.

For Elecosoft (LON:ELCO) to say quarterly revenue is up 20% but profit is only "ahead" of the previous period sounds rather worrying.

The poor performance at Superdry (LON:SDRY) continues - "Trading performance continues to be weak; initiatives to stabilise and improve performance underway"; I thought intiatives were supposed to be underway already....?

£3IN announces finals today, with NAV up over 15% and a total return of 33.4%; I'm perhaps slightly disappointed therefore that they target a dividend increase in 2020 of only 6.4%

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