Good morning!
Not much to report on from my hotel room this morning, which is just as well since I only have about an hour before I have to leave to speak to the crowd at Mello.
There were excellent presentations yesterday from Impax Asset Management (LON:IPX), Scientific Digital Imaging (LON:SDI) and Judges Scientific (LON:JDG), and probably lots of other companies I missed.
Today I'll look to attend presentations from Water Intelligence (LON:WATR), Sosandar (LON:SOS), Character (LON:CCT) and Avation (LON:AVAP).
In this report I will try to cover:
- Creightons (LON:CRL)
- Future (LON:FUTR)
- Staffline (LON:STAF)
Creightons (LON:CRL)
- Share price: 28p (pre-market)
- No. of shares: 62.5 million
- Market cap: £17.5 million
Final results timetable and trading update
(Please note that I currently have a long position in CRL.)
Not sure how the market might react to this - I don't see any broker forecasts - but it's ok from my perspective.
H2 revenues will be "broadly similar" to H1. For context, the H1 result was £22.3 million (with PBT £1.4 million).
"Broadly" usually means "a little lower", so we might see full-year revenues of c. £44 million, maybe?
Revenues in FY 2018 were £34.8 million, so that would be a 26% increase.
The company has also enjoyed a little bonus:
a one-off benefit from the recovery of R&D expenditure through the government's corporation tax rebate scheme in the region of £350,000 in respect of 2016/17 and 2017/18 and thereafter for the duration of the scheme, the company is likely to receive an annual benefit proportionate to our allowable R&D expenditure.
I presume this means about £180k benefit for each financial year, adding up to £350k in total.
When you have a market cap of less than £20 million, every little helps. I'm happy to continue holding.
Future (LON:FUTR)
- Share price: 914p…
Unlock the rest of this article with a 14 day trial
Already have an account?
Login here