Good morning!
I managed to catch half an hour with ISA millionaire Leon Boros, on Friday, and he recorded an audiocast with me, to update on his favourite stocks. I've tightened the focus of my audiocasts, so instead of lots of rambling about the markets generally, we now just focus on a few specific stocks that the interviewee likes best.
So Leon updated us on: Bioventix (LON:BVXP) , Redde (LON:REDD) , Empresaria (LON:EMR) , Victrex (LON:VCT) , XLMedia (LON:XLM)
The link to that audiocast is here, and a transcript is currently being typed, which will be available on the same page Tue or Weds this week. I really enjoy doing these interviews, and learn a lot from them, so will be doing lots more in future.
Tristel (LON:TSTL)
Share price: 111.3p (up 5.5% today)
No. shares: 41.5m
Market cap: £46.2m
(at the time of writing, I hold a long position in this share)
Results y/e 30 Jun 2015 - the headline figures all look good from today's results announcement (I've added bolding to highlight key numbers):
Financial Highlights
· Turnover up 14% to £15.3m (2014: £13.5m).
· Overseas sales up 21% to £5.5m (2014: £4.5m), representing 36% of total sales.
· EBITDA up 25% to £3.4m (2014: £2.7m).
· Pre-tax profit up 44% to £2.6m (2014: £1.8m).
· Basic earnings per share up 67% to 5.44p (2014: 3.25p).
· Dividend per share for the full year increased to 5.72p (2014: 1.62p), including a special dividend of 3p per share.
· Net cash of £4.0m at year end (2014: £2.7m). Company remains debt free.
EPS - it's always worth checking the figures, if the EPS % gain/(loss) is significantly different to the change in profit before tax. In this case, EPS has gone up 67%, compared with profits up 44%. The reason seems to be a reduced tax charge this year, despite profit going up.
Tax - note 4 gives more detail on the tax charge for 2013/14, and 2014/15, and from what I can make out, the variation in the tax charge seems to be down to unspecified timing differences. I might adjust the EPS figure down by say 10% in my own calculations on valuation,…
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Tristel Plc is a United Kingdom-based manufacturer of infection prevention and contamination control products. The Company's technology is a chlorine dioxide formulation. The Company operates through three segments: Human Healthcare, Animal Healthcare and Contamination Control. The Human Healthcare segment is engaged in the manufacture, development and sale of infection control and hygiene products, which include products that are used primarily for infection control in hospitals. The segments products are marketed under the brand, Tristel. The Animal Healthcare segment relates to manufacture and sale of disinfection and cleaning products into veterinary and animal welfare sectors. The segments products are marketed under the brand, Anistel. The Contamination Control segment addresses the pharmaceutical and personal care product manufacturing industries. The segments products are marketed under the brand, Crystel. Its manufacturing facility is located in Newmarket, Cambridgeshire. more »
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Mobile Streams plc is a United Kingdom-based mobile media company. The Company's principal activities include the sale of mobile content through Multi-National Organization's (Mobile Operator Services); the sale of mobile content over the Internet (Mobile Internet Services), and the provision of consulting and technical services (Other Service Fees). The Company's geographical segments include Europe, North America, Latin America, and Asia Pacific. The Company sells digital content, primarily for distribution on wireless devices. The Company licenses and distributes a range of mobile content, including games, applications, e-books, music, pictures and videos that are retailed around the world. Its browser based games service works across various devices, including Android, Apple, Tizen and Windows Phone. The Company distributes a catalog of over 200 thousand e-books from over 600 publishers in various languages. The Company also has operations in Argentina, India and Nigeria. more »
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10 Comments on this Article show/hide all
Morning Paul,
Thanks for the Tristel review, I'm a holder.
Any chance of a review of Telit Communications (LON:TCM) trading statement, looks ok to me but shares are down 16%, buying op.?
In reply to post #107985
Herbie47 - Telit Communications (LON:TCM) their trading update is actually a mild profit warning. They have lowered their guidance for FY2015.
Having said that I think the market has over reacted. Delayed projects which would impact 2015 revenues. I have bought when the sp dipped -15%.
All DYOR
Please please please don't use the term "ISA millionaire". It's ammunition that can be used by those who think the tax breaks are too favourable to a privileged class.
Walk softly, and carry a big stick.
Hi Paul -
As always an excellent audiocast with Leon Boros.
Regards, Ram
In reply to post #107988
Fair enough I only had a quick glance at the figures. They also have just won a large contract last week. I'm tempted to top up, maybe if it drops to below 270p.
Interesting audiocast. I do hold Bioventix (LON:BVXP) and Empresaria (LON:EMR), BVXP is thanks to Leon and Paul. Interesting that Leon thinks EMR fair value is 130p, I had discussion on a bulliten board back in July and came to the same figure, I see the sp is up 13% today is that because of this audiocast?
Thanks for the audio cast, i really enjoy listening to them, its a great way to get more insight to how successful investors think.
regards Charlene
EMR is up because of a tip in SCSW. I believe they described it as 'dirt cheap'.
To be fair to Mobile Streams,their money was never completely stranded in Argentina.They always could get the money out- but at a price.The market seemed to dislike that more than it did certain oil companies struggling to get paid for their production in Kurdistan.At least Mobile Streams was never loaded down with debt.
Disclosure long MOS,short GKP.
Paul, Leon,
Thanks very much for putting together the podcast. It is really useful to understand your way of thinking and reasons for investing in particular share. Very god educationally - thanks you.
Chris