I Read The News Today Oh Boy! -Jul-2019

Tuesday, Jul 16 2019 by
12

Morning all!

Fulham Shore ( Fulham Shore (LON:FUL) ) – 12p – £66m – PER 179

Results For The 12 Months To End March 2019 – Revenue up 17%, from £54.7m to £64m with PBT of £1.4m (loss of -£0.1m last time) and Net Debt is down from £12m to £9.4m. The current year has stated well.

Still seems to be heading in the right direction but still not enough here for me.

Gateley Holdings ( Gateley Holdings (LON:GTLY) ) – 165p – £182m – PER 12

Results For The 12 Months To End April 2019 – Revenue up 20% from £86.1m to £103.5m, PBT up 8.9% from £14.6m to £15.9m, Adjusted EPS up 17.8% from 11.16p to 13.15p with the Total Dividend up 14.3%, Net Debt at £3.2m (£0.7m last time). The new year has started well.

Looks like there’s still some value here (with a 5%+ Yield on offer) but not quite enough to get me more interested yet.

MPAC ( MPAC (LON:MPAC) ) – 180p – £35m – PER 8

Results For The 6 Months To End June 2019 – Trading is ahead of the Board’s and market expectations, FY Profit to be significantly above current market expectations.

Will be keeping an eye out for an update on the £400m (last time I checked) pension deficit as this is an encouraging update.

TPG ( £TP ) – 6.6p – £52m – PER 18.7

Trading Update For The 6 Months To End June 2019 – Significant increase in sales pipeline, expects to deliver FY in-line with market forecasts.

I continue to hold here and if FY is in-line I would hope to see a re-rating. 

As always, all comment most welcome!

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The Fulham Shore PLC is engaged in the management and operation of The Real Greek, Franco Manca and Bukowski restaurants in the United Kingdom. The Real Greek food centre serves dishes of Greece and the Eastern Mediterranean. Franco Manca serves Neapolitan sourdough pizza, which is baked in a wood burning brick oven. Bukowski is a London-based, charcoal-grill restaurant and bar, serving breakfasts, burgers and grills. The Company operates 45 restaurants, comprising 32 Franco Manca, 12 The Real Greek, and one Bukowski Grill franchise in Soho. The Company’s subsidiaries include Kefi Limited, FM6 Limited and Souvlaki & Bar Limited. more »

LSE Price
10.76p
Change
-3.1%
Mkt Cap (£m)
63.7
P/E (fwd)
n/a
Yield (fwd)
n/a

Gateley (Holdings) Plc provides commercial legal services together with complementary non-legal services, including acting as independent trustees to pension schemes and also provides specialist tax incentive advice. Its segments are Banking and Financial Services, which is engaged in the provision of legal advice in respect of asset finance, banking and corporate recovery services; Corporate, which is engaged in the provision of legal advice in respect of corporate, family, private client and taxation services; Business Services, which is engaged in the provision of legal advice in respect of commercial, commercial dispute resolution, litigation, regulatory, shipping, transport and insurance services; Employees, Pensions and Benefits, which is engaged in the provision of legal advice in respect of employment and pension services, and Property, which is engaged in the provision of legal advice in respect of construction, planning, real estate and residential development services. more »

LSE Price
159.11p
Change
-0.2%
Mkt Cap (£m)
177
P/E (fwd)
11.2
Yield (fwd)
5.6

MPAC Group PLC, formerly Molins PLC, is a United Kingdom-based technology and services company. The Company is engaged in providing instrumentation, machinery and analytical services to the fast-moving consumer goods (FMCG), healthcare and pharmaceutical sectors, together with aftermarket support. The Company’s Packaging Machinery segment supplies automated product handling, cartoning and robotic end-of-line packaging machinery and systems, and operates from three locations, in Mississauga, Canada; Wijchen, the Netherlands, and Singapore. The Packaging Machinery segment provides technical consultancy and machinery to solve packaging and processing challenges from its base. more »

LSE Price
202.95p
Change
1.7%
Mkt Cap (£m)
40.2
P/E (fwd)
8.0
Yield (fwd)
n/a



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


4 Posts on this Thread show/hide all

MrContrarian 16th Jul 1 of 4
3

My morning smallcap tweet: Albert squares up for delisting.

Albert Technologies (LON:ALB), XLMedia (LON:XLM), Surface Transforms (LON:SCE), £James, Cloudcall (LON:CALL), MPAC (LON:MPAC), Management Resource Solutions (LON:MRS), Lidco (LON:LID)

Albert Technologies (ALB) proposed to delist. "To support further growth, it will be necessary to seek additional funds and the Directors believe that it is in the best interests of the Company to secure a strategic or financial investor with knowledge of the company's core markets...These types of investors are unlikely to be forthcoming whilst the company remains admitted to trading on AIM." Board thonk ALB is undervalued on AIM and "negatively impacts the company's business."
XLMedia (XLM) tender offer at 80p, a 10% premium, for 9.5% max of shares.
Surface Transforms (SCE) wins first order of €2m PA (before tapering off during 2026) from German car mfr (OEM5) for one model. SCE will be the 2nd supplier of carbon ceramic brake discs for this car. Hopes for more models. "Pricing has been agreed across the potential range of platforms providing a link between increasing volumes and reduced product pricing."
Fisher (James) (FSJ) wins orders in the offshore renewable energy sector with a combined value of circa £30m.
Cloudcall Group (CALL) H1 trading. Rev up 30%. New orders received up 44%. Q2 monthly net user growth exceeded the target of 1,000 per month. CALL seems very pleased though FY F/C is for 42% rev hike.
Mpac Group (MPAC) H1 trading: ahead of the Board's and market expectations, Guides FY profit ignificantly above current market expectations.
Management Resource Solutions (MRS) solicitors' report on the takeover of Alerion Consulting mostly exonerates MRS but says board was not sufficiently involved in the process. A separate report on valuation of Alerion will be completed by end of month. Alerion was a newly incorporated company and its principal assets were unregistered intellectual property. Hmm.
LiDCO (LID) get regulatory approval for commercial sale in China for its latest cardiac output monitor with non-invasive technology. "Group has made limited sales to its Chinese distribution partner, and this approval enables us to re-launch with our latest monitor to a very important, rapidly growing market."

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Chip50 16th Jul 2 of 4
2

Mpac Group plc, a global leader in 'Make, Pack, Monitor and Service' high speed packaging solutions, is pleased to announce that it has concluded negotiations with the Trustee of the legacy 'Molins U.K. Pension Fund' in relation to the June 2018 triennial actuarial valuation and associated deficit recovery plan.

The actuarial deficit in the scheme has reduced from £69.9m at 30 June 2015 to £35.2m at 30 June 2018 on a technical provisions basis. The actuarial deficit is now expected to be eliminated in July 2024, compared to August 2029 under the previous valuation. The current annual deficit recovery payments have been maintained but will now cease more than five years earlier than was agreed under the previous valuation.

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ambrosia 16th Jul 3 of 4
3

good to have you back Matylda

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Gromley 16th Jul 4 of 4
2

In reply to post #493176

Mpac Group plc, a global leader in 'Make, Pack, Monitor and Service' high speed packaging solutions,

Having had a run in with 'management speak' already today I am minded  to reply :

"so you make cardboard boxes?"

With all due deference to Edmund Blackadder : "what we are talking about in privy terms is the latest in front wall fresh air orifices combined with a wide capacity gutter installation below."

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