Small Cap Value Report - 12 Feb 2015 - MANX, EGS, AXS, EKT, TRAK, LID, ABDP

Thursday, Feb 12 2015 by
21

Good morning!

It's quiet for results again today, so I've had a lie-in. Therefore please refresh this page from time to time, the full report should be up by about 2pm today.

Manx Telecom (LON:MANX)

Share price: 188p
No. shares: 113.0m
Market Cap: £ 212.4m

Trading update - sounds reassuring, with the company trading in line with expectations. Various other details are given about developments.

The shares have done well since floating just under a year ago, and the main attraction is the generous dividend yield. Although the company has quite a bit of debt, so I rejected it personally after looking at the figures a while ago.

54dc92c188c70MANX.PNG

I'd be a little concerned about possible monopoly and regulatory issues, which is why I never invest in utility companies.

I've never been to the Isle of Man, apparently it's a beautiful place, and of course Top Gear often film there, on sweeping & largely deserted country roads with stunning scenery.

It has a StockRank of 76, and note the high operating margin below, and the good divi yield. Although the "n/a" against Price to Tang. Book is a red flag - that usually means that tangible book value is negative.

54dc93517d69fMANX_valn.PNG


eg Solutions (LON:EGS)

Trading update - the company says it's "marginally ahead of consensus expectations", and the outlook comments today sound positive.

It's a difficult company to value at the moment. I've spoken to the outgoing CFO a couple of times at investor events, and they're on a big sales push, and migrating to a SaaS revenue model.

I'm intrigued by this company, and think it might have good potential, but it's educated guesswork really, as with a lot of small caps.


Accsys Technologies (LON:AXS)

A positive update from this innovative wood products company has put some life into the shares today. This stock looks expensive, and I believe there are issues with production capacity, but the update today sounds encouraging.

In particular I like that they are expecing cashflow breakeven in the current quarter.

Speculative, but worth a look, in my opinion.


Elektron Technology (LON:EKT)

An update today from this electronics manufacturer sounds potentially interesting. The company has struggled in recent years, with a tired product portfolio, but it…

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Manx Telecom plc is a United Kingdom-based communications solutions provider. The Company offers a range of fixed line, broadband, mobile and data center services to businesses, consumers and the public sector on the Isle of Man. The Company's segments include Fixed line, broadband and data; Mobile; Global solutions; Data centre, and Other. The Company provides fixed line, broadband and connectivity services, connecting approximately 37,000 homes and over 4,000 businesses locally and internationally. The Company's mobile business offers pre-paid and post-paid tariffs to all market segments, supports inbound roaming traffic from international visitors and also sells mobile handsets and accessories. The Company's data center business offers co-location, managed hosting, cloud, storage and disaster recovery services. It provides a portfolio of Smart subscriber identity module (SIM) solutions to international customers. It offers Ultima and Ultima Plus high-speed broadband services. more »

LSE Price
215.5p
Change
 
Mkt Cap (£m)
n/a
P/E (fwd)
n/a
Yield (fwd)
n/a

eg solutions plc is a back office workforce optimization software company. The Company's software is used in various industry sectors, including financial services, healthcare and utilities. Its principal activity is that of information technology (IT) and software support services business providing improvements in operational management. It uses software packages and an operations management methodology based on production management techniques. It delivers measurable operational improvements in back office environments. The Company provides IT and software support services by operating two companies in the United Kingdom (EGUK) and in South Africa (EGSA). The Company, through its subsidiaries, is engaged in the consultancy and software business. The eg principles of operational management training is designed to coach and support operational and team managers to understand workloads and to balance demand with available resources. more »

LSE Price
112.13p
Change
 
Mkt Cap (£m)
n/a
P/E (fwd)
n/a
Yield (fwd)
n/a

Accsys Technologies PLC is a chemical technology company. The Company is focused on the development and commercialization of a range of transformational technologies based upon the acetylation of solid wood and wood elements (wood chips, fibers and particles) for use as construction materials. Its segments include Licensing, Management and Business Development; Manufacturing, and Research and Development. It is engaged in the production and sale of Accoya solid wood, and licensing of technology for the production and sale of Accoya wood and Tricoya wood elements through its subsidiaries. The Accoya solid wood and Tricoya wood elements technologies are manufactured through the Company's acetylation wood modification process. Accoya wood is used for windows, external doors, siding, decking, structural and civil engineering projects. Tricoya Wood Elements are used in Facade cladding/siding and other secondary exterior applications; window components, and door skins and wet interiors. more »

LSE Price
99.6p
Change
 
Mkt Cap (£m)
118
P/E (fwd)
n/a
Yield (fwd)
n/a



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


2 Comments on this Article show/hide all

herbie47 12th Feb '15 1 of 2

Paul, thanks for report, looks like I missed the boat on Trakm8 also. ABDP have shot recently as in ST of IC bargains of the year.

A couple I have bought recently are CKN and LVD, I know you reviewed them before, CKN was too expensive I think, sp in both has fallen back, maybe worth a look.

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TannerJacobsen 13th Feb '15 2 of 2

beforeitsnews.com

Its more information is available on this site

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About Paul Scott

Paul Scott

I trained as an accountant with a Top 5 firm, but that was so boring that I spent too much time in the 1990s being a disco bunny, and busting moves on the dancefloor, and chilling out with mates back at either my house or theirs, and having a lot of fun!Then spent 8 years as FD for a ladieswear retail chain called "Pilot", leaving on great terms in 2002 - having been a key player in growing the business 10 fold. If the truth be told, I partied pretty hard at the weekends too, so bank reconciliations on Monday mornings were more luck than judgement!! But they were always correct.I got bored with that and decided to become a professional small caps investor in 2002. I made millions, but got too cocky, and lost the lot in 2008, due to excessive gearing. A miserable, wilderness period occurred from 2008-2012.Since then, the sun has begun to shine again! I am now utterly briliant again, and immerse myself in small caps, and am a walking encyclopedia on the subject. I love writing a daily report for Stockopedia.com on most weekday mornings, constantly researching daily results & trading updates for small caps. Cheese! more »

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