Podcast - episode 25
Week-ended 16 December 2022
41 companies covered this week, incredibly busy. Very cold this week!
Monday
Totally (LON:TLY) - outsourced NHS services. Interesting co. Big contract win, but StrollingMolby pointed out this was contract renewals, not so exciting. Not much historic profit, but forecasts look good. Keeping an eye on it.
Tristel (LON:TSTL) - good interims. Might beat FY expectations, as H2 weighting historically. Strong balance sheet, £10m net cash. International expansion - USA. Share price over-valued at 38x PER - why pay double what it’s worth in a bear market?
CentralNic (LON:CNIC) - reader request. Internet domains & services. I’m warming to this share. Weak balance sheet & excessive debt. But banks have renewed facilities, so must have been all over the numbers. Starting buybacks, surprisingly. Founder CEO stepping down, CFO taking over. Looks interesting.I did more work on the numbers, does look genuinely cash generative, but lots of adjustments & acquisitions. Fwd PER only 8.6
ENGAGE XR Holdings (LON:EXR) - bargepole job. Shares dropped 46%. Running out of cash, only E1.9m left end Dec 2022. E6m EBITDA loss for 2022. Orders delayed. I’d get out now. Might not be able to raise more cash, avoid anything that needs to raise fresh cash. Delisting risk.
Argo Blockchain (LON:ARB) - Graham wrote its obituary.
Argentex (LON:AGFX) - Graham covered. Doing well, as is Equals (LON:EQLS) - who reached out asking if I want a call with mgt, so I’ll take them up on that, looks interesting company.
Really good reader comments on Monday, 66 of them. We love it when readers like PlanetX add great comments on a company visit to Crestchic (LON:LOAD) - really adds value, thanks. Team effort the SCVR between writers & subscribers. Come on lurkers, post some comments, if they add value (not just announcing your trades - pointless).
Tuesday
Monster day, 14 companies, a new record. We do listen to feedback, but we can’t please everyone. We’re covering more companies, with shorter sections for the less interesting/smaller caps.
OnTheMarket (LON:OTMP) - new share-dealing facility, to cope with Feb 2023 lock-ins expiring. But could still be an overhang of sellers. Good company though. Christopher Mills likes it, favourable comments in excellent recent interview on Vox Markets with Paul Hill. Possible multibagger if…
