Mr's Smallcap Sweeps for Mar 2017

[MrContrarian]

Smallcap Sweep. 01-Mar-17

DX (DX.) Planning permission refused for new central hub. The Company is now considering its options, including the development of an alternative site, in consultation with its stakeholders."
Vertu Motors (VTU) trading in line. Changes in VED "may result in a pull-forward of registrations and retailer self-registrations into March 2017, further distorting the new vehicle registration data trends. Consequently, March 2017 may turn out to be a record registration month in the UK whereas the immediate months thereafter may experience weakness in the new car market."
Bankmuscat (BKM) "Invitation For Annual General Meeting." How gracious. Must be keen for holders to attend. Don't think they'll pay for the flight to Oman though.
MITIE Group (MTO) Gets only £2 for care homes div and coughs up £9.45m for the funding of trading losses and the cost of the turnaround plan. "In addition to the £115.3m impairment and write down of healthcare goodwill and acquisition related intangibles recognised in the Mitie Group plc September 2016 half-year results, there will be further losses in this financial year which are estimated to be £36.8m"


Notes (do not rely on the data)
DX.: Price=9.5. Cap=19m. F/C for current FY*: EPS=0.8, Prospective PE=11.9, Revenue=NA.
DX (Group) is a logistics and parcel distribution company operating in UK & Ireland. It provides next day delivery services for mail, parcels & 2-Man deliveries to business and residential addresses for both public & private sector companies.
VTU: Price=48.2. Cap=191m. F/C for current FY*: EPS=6.1, Prospective PE=7.9, Revenue=NA.
Vertu Motors sells new and used vehicles, with related after-sales services. The Company's dealership portfolio includes car franchises, commercial vehicle franchises, motorcycle franchise, and non-franchised outlets.
BKM: Price=NA. Cap=NA. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
BankMuscat (SAOG) provides commercial and investment banking services. The Company's business segments are corporate banking, consumer banking, wholesale banking and international banking.
MTO: Price=207.6. Cap=747m. F/C for current FY*: EPS=10.26, Prospective PE=20.2, Revenue=2.19b.
MITIE Group provides management services. The Company's business segments are facilities management, property management, healthcare and energy solutions.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian
read it first on Twitter

[MrContrarian]

Smallcap Sweep. 02-Mar-17

Salvarx Group (SALV) financial jiggery pokery in this Jim Mellon vehicle. Restructuring, Loan Note Conversion and Loan Facility.
Sanderson Group (SND) AGM stmt. Rev up 8% in four months to 31 January. Don't say if this is in line, just that they expect continued progress in the current financial year.
Sportech (SPO) FY and proposes to sell Football Pools Business for £83m on a debt free, cash free basis. May return some of this to holders in addition to £20m tender announced today.
Indigovision Group (IND) FY rev $46.0m (2015: $47.1m). EPS -37.3 cents (-6.5 cents). Adj EPS 9c (0c) before deferred tax. DIv 3p (2.5p). Trading: "The start of 2017 was quiet, but sales and orders strengthened markedly in February. The immediate outlook looks encouraging and the group continues to invest in strengthening the sales team in its key markets."


Notes (do not rely on the data)
SALV: Price=32.46. Cap=12m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
SalvaRx Group is a drug discovery and development company focused on immune-oncology. It invests in cancer immuno-therapies and provides its portfolio companies with operational support.
SND: Price=81.49. Cap=46m. F/C for current FY*: EPS=4.02, Prospective PE=20.3, Revenue=22.25m.
Sanderson Group is a provider of software solutions and IT services, to the multi-channel retail and manufacturing sectors.
SPO: Price=100.59. Cap=207m. F/C for current FY*: EPS=5.2, Prospective PE=19.3, Revenue=NA.
Sportech is engaged in pools betting, both B2B & B2C, and supply of wagering technology solutions. It has four business segments: Football Pools, Sportech Racing and Digital, Sportech Venues and corporate costs.
IND: Price=180. Cap=14m. F/C for current FY*: EPS=1.22, Prospective PE=147.5, Revenue=NA.
IndigoVision Group along with its subsidiaries designs and manufactures video security systems for large scale and complex security installations.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 03-Mar-17

Venn Life Sciences (VENN) FY trading "2016 represented another year of strong growth for Venn with sales in excess of €18m (2015 €11m). The business finished 2016 with a strong cash position of €3m (€1.75m 30 June 2016). The strong momentum enjoyed by the business in 2016 has continued into 2017 todate, with new business contracts signed [not sales!] to the value €5.7m in the first two months of the year."
Intercede Group (IGP) warns. "The US Presidential Budget Proposal issued on 27 February 2017 made a commitment to radically increase military and infrastructure expenditure during the term of the new administration. This commitment has raised considerable and unexpected uncertainty for the short term budget allocations across the Company's target customer base in the US. There remains a risk that a proportion of the outstanding orders forecast for closure in the current period will be delayed into the next financial year. The consequent impact on revenue is likely to result in losses for the year to 31 March 2017 being higher than management expectations."
"Trakm8 Holdings (TRAK) Small fundraise with dirs taking half. 65p = 17% discount. A cynic might think it's a cheap way for dirs to top up."


Notes (do not rely on the data)
VENN: Price=20. Cap=12m. F/C for current FY*: EPS=2.39, Prospective PE=8.4, Revenue=NA.
Venn Life Sciences Holdings is a Clinical Research Organization. The Company provides consulting and clinical trial services to pharmaceutical, biotechnology and medical device organizations.
IGP: Price=44. Cap=21m. F/C for current FY*: EPS=-5.5, Prospective PE=-8.0, Revenue=10.00m.
Intercede Group and its subsidiaries is an independent developer and supplier of identity and credential management software. The Company's products include MyID Identity and Credential Management System.
TRAK: Price=73. Cap=23m. F/C for current FY*: EPS=2.8, Prospective PE=26.1, Revenue=26.90m.
Trakm8 Holdings is a holding company. The Company through its subsidiaries is engaged in manufacturing, marketing and distribution of vehicle telematics equipment and services.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 06-Mar-17

Bowleven (BLVN) A dead rabbit pulled out of Hart's [expletive deleted] ahead of the vote to kick him out. Bomono farm-out agreed between BLVN and VOG. Sounds good! Oh, they've had to give away 80% of Bomono just to get VOG to take the gas into their network. Bowleven remains operator with 20%. Well, that scotches the charge that BLVN's board have FA to do.
Arcontech Group (ARC) H1. Exp FY beat.
AFC Energy (AFC) First commercial sale of a small-scale alkaline hydrogen fuel cell system. Delivery exp in Q4 2017. The agreement with PowerHouse was first RNSd in April 2014. "If successfully demonstrated at the Thornton Science Park in Chester, PowerHouse's modular and distributed power generation from waste technology has the ability to be rolled out across a number of additional locations in the UK and internationally."


Notes (do not rely on the data)
BLVN: Price=32.81. Cap=105m. F/C for current FY*: EPS=-2.11, Prospective PE=-15.5, Revenue=NA.
Bowleven is engaged in the oil and gas exploration in West Africa.
ARC: Price=50.2. Cap=6m. F/C for current FY*: EPS=3.2, Prospective PE=15.7, Revenue=2.10m.
Arcontech Group along with its subsidiaries is engaged in the development and sale of proprietary software and provision of computer consultancy services.
AFC: Price=14.88. Cap=52m. F/C for current FY*: EPS=-2.34, Prospective PE=-6.4, Revenue=NA.
AFC Energy develops alkaline fuel cell technology using hydrogen to produce electricity. It provides alkaline fuel cell technology in an industrial application and the technology to provide electricity in the United Kingdom.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 07-Mar-17

Craneware (CRW) H1 slightly ahead, confident of meeting FY market expectations
Mountfield Group (MOGP) Trading. "The year has started extremely strongly for Connaught with the buoyant market that has produced a record number of invitations for tenders and with nominations from main contractors having now produced two important contract wins...MBG has started the year with a strong order book and is securing suitable work that fits directly within the refocused profile of low risk contracts...I am confident that we will be able to develop the Group further in 2017. The problems it faced in past years are now behind it."
Mayair Group (MAYA) warns on FY due to timing of delivery of a contract and an increase in the Group's operating expenses. Exp pretax about US$5.9m.
Lakehouse (LAKE) wins contract to install 400,000 smart meters. No value given. Otherwise trading in line. Propose moving to AIM.


Notes (do not rely on the data)
CRW: Price=1203.4. Cap=328m. F/C for current FY*: EPS=38.1, Prospective PE=31.6, Revenue=NA.
Craneware provides development, licensing & ongoing support of computer software for the US healthcare industry. It is engaged in sale of software licences, white labelling & professional services (including installation) to hospitals within the USA.
MOGP: Price=1.78. Cap=5m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
Mountfield Group is engaged in the construction and fit-out of Data Centres for the IT industry together with office fit-out and refurbishment. Its segments are Construction and Fit-out.
MAYA: Price=75. Cap=32m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
MayAir Group through its subsidiaries is engaged in production, marketing and distribution of clean air products and equipment and provision of related services for the industrial, commercial and residential sectors.
LAKE: Price=43.11. Cap=68m. F/C for current FY*: EPS=4.17, Prospective PE=10.3, Revenue=299.50m.
Lakehouse is engaged in asset and energy support services business, focused on customers in the UK outsourced public and regulated services sectors. It is comprised of four divisions, Regeneration, Compliance, Energy Services and Construction.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 08-Mar-17

Restaurant Group PLC (RTN) FY Adjusted EPS* down 11.2% to 30.0p. Div maintained at 17.4p. Curr trading in line. "The Board will revisit the previous policy of two times EPS cover at the appropriate time."
Ceres Power Holdings (CWR) H1 rev £1m (£235k). Pretax -£6.2m (-£6.2m). With a forward order book of £4.8m. "Ceres Power is on track for an excellent year."
Microgen (MCGN) FY rev up 35%. Adj EPS up 34% to 12.3p. F/C 10.4p. "Financial performance ahead of the Board's original expectations for the year." Original? How long ago is that? "The Board is pleased with the Group's start to 2017."


Notes (do not rely on the data)
RTN: Price=341.1. Cap=686m. F/C for current FY*: EPS=29.12, Prospective PE=11.7, Revenue=NA.
Restaurant Group (The) is an operator of restaurants and pub restaurants. Its trading brands are Frankie & Benny's, Chiquito and Coast to Coast.
CWR: Price=8.9. Cap=90m. F/C for current FY*: EPS=-0.94, Prospective PE=-9.5, Revenue=NA.
Ceres Power Holdings is a developer of metal-supported fuel cell technology for clean, distributed generation products.
MCGN: Price=247. Cap=147m. F/C for current FY*: EPS=10.37, Prospective PE=23.8, Revenue=39.50m.
Microgen develops, implements and supports business-critical software. The Company solves problems involving data-intensive processes, the automation of complex business processes, and application of new business logic to existing systems.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 09-Mar-17

Symphony Environment (SYM) FY moves into small profit of 0.11p/sh. Operating performance ahead of market expectations.
European Assets Trust (EAT) Total return NAV 7.4% in £ cf Euromoney Smaller European Companies (ex UK) Index 23.3%. "Our performance is clearly disappointing and significantly below the returns we expect to deliver to you as shareholders. It is however a consequence of the risk of active investing on the basis of the high conviction philosophy and process followed by the investment managers. Historically, this philosophy and these processes have delivered good long term returns ahead of the market." Have they really sat on this pisspoor result for 2 months?
Ilika (IKA) A project which was referenced in November is "an initial, one-year, commercially-funded project to develop game-changing energy materials in collaboration with Toyota...The project is part of a wider programme within Toyota Research Institute and details of this wider collaboration will be announced in due course...Promising materials will be further scaled-up by Toyota and its suppliers for deployment in its future low-emission vehicles." Apply usual hype-adjustment.
STM Group (STM) Proposed QROPS 25% tax in the Budget will affect 80% of new QROPS business. However the Group's pension business was only 50% of total revenue in 2016 with recurring revenues over 90% of this figure. SP fell 24% yesterday as some spotted the new tax in budget document. See my tweet yesterday.


Notes (do not rely on the data)
SYM: Price=9.44. Cap=14m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
Symphony Environmental Technologies PLC, along with its subsidiaries, is engaged in developing and supplying environmental plastic additives and products, and develops waste to value systems.
EAT: Price=1118.8. Cap=374m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
IKA: Price=50. Cap=40m. F/C for current FY*: EPS=-2.82, Prospective PE=-17.7, Revenue=NA.
Ilika discovers and develops novel materials for mass market applications. It develops materials for corrosion resistant alloys, metal catalysts and hydrogen storage alloys.
STM: Price=32.1. Cap=19m. F/C for current FY*: EPS=3.8, Prospective PE=8.4, Revenue=NA.
STM Group provides financial solutions to High Net Worth Individuals, who are investing or moving cross-border or opening a business overseas.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 10-Mar-17

7Digital Group (7DIG) Prelims, acquisition of 24-7 Entertainment, 7digital's only remaining significant European competitor and placing +open offer at 10% disc.
Pennant Int Group (PEN) FY. Predicted H2 weighting came true! "A challenging year which finished strongly." Rev up 74% to £17.2m. EPS 6.48p (2015: loss of 8.71p). Year-end Order Book stood at £38m (2015: £38m) of which £18m is deliverable within 12 months.
Flowtech Fluidpower (FLO) Placing at 3% disc to fund acquisitions.


Notes (do not rely on the data)
7DIG: Price=6.6. Cap=8m. F/C for current FY*: EPS=-3.64, Prospective PE=-1.8, Revenue=NA.
7digital Group PLC, through a software platform and associated services, simplifies access to music by offering a combination of a licensed music catalogue alongside the cloud-based technology platform and client-side software.
PEN: Price=85.96. Cap=28m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=9.90m.
Pennant International Group is engaged in the delivery of integrated logistic support solutions. These comprise of simulation, virtual reality and computer based training systems, software solutions and Logistic Support Analysis Software.
FLO: Price=123. Cap=53m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
Flowtech Fluidpower is a distributor of technical fluid power products. The Company supplies its fluid power products to distributors and resellers of industrial maintenance, repair and operations products.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 13-Mar-17

GLI Finance Limited (GLIF) trading. Sancus BMS: "The pre-tax profit target for 2016 of approximately £2.5m as stated in our RNS dated 30 June 2016 was exceeded, excluding the consolidated loss of Sancus Finance. Combined loan book growth for the year was a creditable 33%, reaching £151m." FinTech Ventures: "In the second half relatively small valuation adjustments were made amounting to £1m, which, after a gain on foreign currency translation, resulted in a small net unrealised gain. These figures remain subject to the completion of our annual audit process." Costs: "our recurring cost savings target of approximately £1m was achieved in 2016, bringing the expected annual costs of running the GLI parent company to approximately £1.5m. Non-recurring costs of £1.9m (including legal, professional and other project related costs) were expended as part of executing the restructure of the Group."
H&T Group (HAT) FY dil EPS 20.88 up 40%. F/C 20.7. Current trading in line.
Bovis (BVS) rejects offers from both Redrow and Galliford Try. "Redrow subsequently indicated that it was not willing to improve the terms of its proposal and discussions were terminated. Discussions with Galliford Try are ongoing. In the meantime, the Board is making good progress with plans to recover and improve group profitability and enhance return on capital employed. The search for a new Chief Executive is also progressing well."
Mercantile Ports & Logistics (MPL) 8 week delay presented as good progress. They take us for fools. Again. "Over the last quarter, work has progressed well and the Board is pleased with developments...79 acres (or 40 per cent) of the overall reclamation target has been achieved...reviously undetected hard rock in the harbour basin during piling, and dredging this rock from the berth reduced the pace of piling." Access road worse out causing a reduction in the number of vehicles able to access the site during January - now resolved. "The Company is confident of completing its facility by the end of this year, although the matters referred to above, taken together, have contributed to adding approximately eight weeks to the previously reported timetable." Also MoU to lease a significant proportion of the Company's completed project in order to develop an operations hub for steel superstructure fabrication.


Notes (do not rely on the data)
GLIF: Price=23.28. Cap=96m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
GLI Finance is a close ended investment company. The Company's objective is to produce a stable and predictable dividend yield with long term preservation of net asset value.
HAT: Price=267.12. Cap=100m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
H&T Group is engaged in the business of pawnbroking, gold purchasing, retail of jewellery, cheque cashing, unsecured lending, Foreign Exchange and Personal Loans.
BVS: Price=908.92. Cap=1223m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
Bovis Homes Group is a home builder. The Company is engaged in designing, building, and selling of new homes for both private customers and Registered Social Landlords.
MPL: Price=9.1. Cap=35m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 14-Mar-17

Eagle Eye (EYE) H1 rev beat at £5.1m cf f/c £4.8m. EPS -6.30p. Confident on meeting FY exp. (-8.59)
Hayward Tyler Group (HAYT) orders of £6.8m for FY2018. C/F 2016 rev £61.6m.
Thalassa (THAL) Trading: "Board anticipates that WGP revenue from seismic operations will be between $15 and $16 million, up between 30% and 40% as compared to corresponding estimated revenue of $11.6 million for 2016. These estimates are provided assuming no cancellations or significant adverse weather conditions."
Burford Capital (BUR) Further sale of part of Petersen case values the whole case at $400m, 20x original cost. C/F "more than 10x $18m' in last update.


Notes (do not rely on the data)
EYE: Price=155. Cap=34m. F/C for current FY*: EPS=-11.79, Prospective PE=-13.1, Revenue=NA.
Eagle Eye Solutions Group is a provider of digital consumer engagement solutions to the retail and hospitality industries. Its products include Eagle Eye Promote, Eagle Eye Gift, Eagle Eye Reward, and Eagle Eye Engage.
HAYT: Price=39.8. Cap=22m. F/C for current FY*: EPS=-10.5, Prospective PE=-3.8, Revenue=80.20m.
Hayward Tyler Group is a specialist engineering company serving the energy sector. The Company provides aftermarket services and spares supporting the Company's own product range as well as those of other original equipment manufacturers.
THAL: Price=65. Cap=14m. F/C for current FY*: EPS=6.22, Prospective PE=10.5, Revenue=NA.
Thalassa Holdings operates in the energy services industry, focusing on marine geophysical services. The Company's operating segment is operations from geophysical project management, services and the supply of equipment.
BUR: Price=771. Cap=1594m. F/C for current FY*: EPS=31.2, Prospective PE=24.7, Revenue=NA.
Burford Capital with its subsidiaries provides investment capital and risk solutions to the litigation and arbitration sector. It provides corporate finance and insurance solutions to lawyers and clients engaged in litigation and arbitration.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 15-Mar-17

Bowleven (BLVN): Whiny RNS - board lost vote but they'd have won if CoC hadn't any shares!
Mobile Streams (MOS) loses a client in Argentina, material warning.
Fusionex (FXI) FY to Sept. "EBITDA significantly ahead of expectations, at RM15.4m (RM35.0m), despite significant planned investments in marketing, product development and geographical expansion". They announced that FY EBITDA significantly ahead of market expectations in Oct trading stmt!
Marshall Motor Hldgs (MMH) FY UL EPS 26.2p, up 66%. FY div 5.5p (2015 pro-rata: 2.98p). F/C was EPS 24.1p, div 4.85p. "Following the UK referendum on EU membership and the resultant continued economic uncertainty, the Board remains cautious on the UK vehicle market in 2017. Our order book for the important March plate-change period is, however, encouraging and current trading is in line with our expectations. Our outlook for the full year is unchanged."
Somero Enterprises (SOM) FY beat F/C upgraded in January. Outlook strong.


Notes (do not rely on the data)
BLVN: Price=32.28. Cap=104m. F/C for current FY*: EPS=-2.15, Prospective PE=-15.0, Revenue=NA.
Bowleven is engaged in the oil and gas exploration in West Africa.
MOS: Price=3. Cap=3m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
Mobile Streams is engaged in the sale of mobile content through Multi-National Organisation's, the sale of mobile content over the internet and the provision of consulting and technical services.
FXI: Price=159.6. Cap=87m. F/C for current FY*: EPS=-2.47, Prospective PE=-64.6, Revenue=NA.
Fusionex International provides software products and IT solutions delivery. It also provides management and consulting services.
MMH: Price=183. Cap=142m. F/C for current FY*: EPS=24.07, Prospective PE=7.6, Revenue=NA.
Marshall Motor Holdings is engaged in sale and repair of new and used vehicles and leasing of vehicles.
SOM: Price=283. Cap=159m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
Somero Enterprises Inc designs, manufactures and sells equipment that automates the process of spreading and leveling volumes of concrete for commercial flooring and other horizontal surfaces, including paved parking lots.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 16-Mar-17

Seeing Machines (SEE) H1 + warning. " Fleet: Reduced expectations for full year revenues due to the above mentioned roll out timeframes and near term sales expectations · Mining: Despite the current state of the resources sector, high margin royalties of A$789,000 received from Caterpillar · Group: Loss before tax of A$14.1m (H1FY16: profit before tax of A$11.3m) reflecting investment in the Group including core technology platform, and expected R&D refundable tax offset (other income) and one off CAT license revenue in H1FY16"
Hayward Tyler Group (HAYT) New sale- $2m over 3 years. Repayment of £2.4 million of short term banking facilities delayed a month.
Thorpe F W (TFW) H1 rev up 24% but pretax up only 18%. "Whilst normally expecting a higher level of profit attainment on raised revenues the exceptionally buoyant first half at our largest entity, Thorlux Lighting, had to be met by the imposition of high levels of overtime, shift working etc. which inevitably has led to a higher cost of production than we would have liked. These actions were necessary to satisfy spikes in customer demand but it is unlikely that the need for such levels of activity will persist...We remain optimistic of a satisfactory overall result for the year."
Miton Group (MGR) FY beat? Adj EPS 2.67 up 87%. DIv 1p. F/C EPS 2.06, div 0.75p.
Avation PLC (AVAP) Sell 6 jets above book value for $31m net. Prev said they'd received an expression of interest to purchase a portfolio of 22 ATR 72 aircraft, so 6 is disappointing.


Notes (do not rely on the data)
SEE: Price=3.7. Cap=55m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
Seeing Machines provides operator monitoring and intervention sensing technologies and services for the automotive, mining, transport and aviation industries. It develops products to detect and manage driver fatigue and distraction.
HAYT: Price=42. Cap=23m. F/C for current FY*: EPS=-10.5, Prospective PE=-4.0, Revenue=80.20m.
Hayward Tyler Group is a specialist engineering company serving the energy sector. The Company provides aftermarket services and spares supporting the Company's own product range as well as those of other original equipment manufacturers.
TFW: Price=327.56. Cap=380m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
Thorpe (F W) is engaged in the designing, manufacturing and supply of professional lighting equipment for industrial, commercial and controls markets. The Company operates in United Kingdom, the rest of Europe and the rest of the world.
MGR: Price=38.74. Cap=64m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
Miton Group is a fund management company. It operates ten open ended funds, two unit trusts, four investment trusts, and segregated accounts.
AVAP: Price=215. Cap=127m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
Avation is a commercial passenger aircraft leasing company. The Company through its subsidiaries owns and manages a fleet of aircraft which it leases around the world.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 20-Mar-17

Aquatic Foods Group (AFG) FY trading. Rev down 5%. "2017 remains a challenging year for the Group and the Board expects these difficult conditions to continue in the near term...2017 remains a challenging year for the Group and the Board expects these difficult conditions to continue in the near term...The company is facing difficulties remitting monies from its entities in China to the UK." Cash £44m, cap £16m. Whadda bargain. If you believe the numbers.
Focusrite (TUNE) H1 trading. Rev £32m (£25.9m), up 12% on a constant currency basis. ""The business has continued to perform well in the first half of the current financial year with strong sales from our key Focusrite products globally. Additionally, sales of our Launchpad products from Novation have also shown significant growth."
Redcentric (RCN) FCA has commenced an investigation following the historic overstatement of net assets and profits prev announced.
Michelmersh Brick (MBH) FY rev up 3%, pretax flat at £4.5m. EPS 4.38p (4.44p). Div 2p (1p). Looks a miss against f/c apart from div: £4.7m, 4.6p, 1.2p. Outlook good.


Notes (do not rely on the data)
AFG: Price=15. Cap=16m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
Aquatic Foods Group PLC, through its subsidiaries, is engaged in marine foods and seafood processing and supply based in the PRC, supplying to the export and local PRC markets respectively.
TUNE: Price=218. Cap=129m. F/C for current FY*: EPS=13.1, Prospective PE=16.6, Revenue=NA.
Focusrite is a music and audio products company supplying hardware and software products used by professional and amateur musicians. It has two brands, namely Focusrite and Novation.
RCN: Price=87.71. Cap=130m. F/C for current FY*: EPS=4.79, Prospective PE=18.3, Revenue=NA.
Redcentric is engaged in providing true managed services to mid-market organizations in the United Kingdom. The Company operates state-of-the-art data centres in Reading, Harrogate, London and Cambridge.
MBH: Price=56.74. Cap=47m. F/C for current FY*: EPS=4.6, Prospective PE=12.3, Revenue=31.30m.
Michelmersh Brick Holdings is engaged in the management and administration of its subsidiary companies. The main activity of the subsidiary companies is to manufacture bricks, with one subsidiary operating a landfill site.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 21-Mar-17

Earthport (EPO) H1. Adj pretax -£3.2 million (-£6.7m). Hides warning in outlook "the Board remains confident that FY 2017 revenues and year end cash balance will be broadly in-line with market projections. In addition, the Board is focused on balancing its objective of becoming cash flow breakeven whilst addressing the significant demand emerging due to our strong market position. While cash usage is continuing to decrease, we will not achieve cash flow breakeven in Q4 FY 2017, as previously communicated."
NAHL Group (NAH) FY 'in line' but below F/C of December. EPS 27.0 (25.6), FY div 19.05p. F/C 29.6, 19.1p. "We have started 2017 on plan".
DX Group (DX.) A polite piss-off to Gatemore who have equested a general meeting to replace the two current NEDs with four placemen.
Audioboom (BOOM) £4m placing and £800k loan conversion at 2.5p.


Notes (do not rely on the data)
EPO: Price=24.8. Cap=121m. F/C for current FY*: EPS=-0.87, Prospective PE=-28.5, Revenue=NA.
Earthport is engaged in providing payment services through the combination of a network of segregated bank accounts in various geographies and sophisticated software.
NAH: Price=165. Cap=74m. F/C for current FY*: EPS=29.62, Prospective PE=5.6, Revenue=NA.
NAHL Group is a consumer marketing company. The Company operates in UK personal injury market, advertising through its core brand - National Accident Helpline.
DX.: Price=8.75. Cap=17m. F/C for current FY*: EPS=3.8, Prospective PE=2.3, Revenue=NA.
DX (Group) is a logistics and parcel distribution company operating in UK & Ireland. It provides next day delivery services for mail, parcels & 2-Man deliveries to business and residential addresses for both public & private sector companies.
BOOM: Price=2.55. Cap=17m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
Audioboom Group PLC, through its subsidiaries, provides social media, 'software as a service'-based digital audio platform which allows professional and amateur content producers to create and broadcast non-musical audio content.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 22-Mar-17

James Cropper (CRPR) exp moderate FY beat.
Van Elle (VANL) Exp FY rev £93m, 5% below its expectations due to piling contract delays. Warns on 2018 as well.
Bowleven (BLVN) puts itself up for sale.
Inland Homes (INL) secures permissions for 1,200 homes inc 239 homes and commercial space in High Wycombe, tot GDV of £75m.
EG Solutions (EGS) FY rev up 8%, adj pretax £0.3m (£0.1m). CEO Elizabeth (The Ego has landed) Gooch is 'delighted with the performance of the business'. Oh, but what's that Lassie? Do you smell a rat? The cashflow is -£783k, flattered by £278k Income taxes received, (-£1,097k). And you see a generous LTIP coming. There's more? Admin expenses increased by £300k.


Notes (do not rely on the data)
CRPR: Price=1390. Cap=133m. F/C for current FY*: EPS=45.9, Prospective PE=30.3, Revenue=NA.
Cropper (James) manufactures specialist paper and advanced materials. Its business includes JC Speciality Papers, JC Converting, Technical Fibre Products, James Cropper 3D Products, and Group Services.
VANL: Price=97.6. Cap=79m. F/C for current FY*: EPS=12.6, Prospective PE=7.7, Revenue=NA.
BLVN: Price=36.7. Cap=114m. F/C for current FY*: EPS=-2.14, Prospective PE=-17.1, Revenue=NA.
Bowleven is engaged in the oil and gas exploration in West Africa.
INL: Price=65. Cap=131m. F/C for current FY*: EPS=7.5, Prospective PE=8.7, Revenue=NA.
Inland Homes is a developer of urban regeneration projects around southern England. It is engaged in acquiring residential and mixed use sites and seeking planning consent for development.
EGS: Price=63.35. Cap=14m. F/C for current FY*: EPS=2.2, Prospective PE=28.8, Revenue=8.25m.
EG Solutions is a back office workforce optimization software company. It is engaged in the development and sale of software and consultancy in the back office optimization market.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[SwissPaul]

And a late one just in: (23 Mar 2017 16:36:02)
Watkin Jones plc (WJG)

The G&J Watkin Jones 1992 Settlement Trust and Philip Byrom (together the "Sellers"), have agreed to sell up to 50,250,000 ordinary shares of one penny each in the Company (the "Ordinary Shares") (the "Placing Shares") via an accelerated bookbuild through Peel Hunt LLP ("Peel Hunt"). The Placing Shares represent approximately 19.7% of the Company's issued share capital.

Ouch and confirms my suspicion that late RNS's are never good news!

[MrContrarian]

Smallcap Sweep. 24-Mar-17

AFC Energy (AFC) FY. If you scroll down a long way past the eulogising of great progress the loss is revealed. £5.7m (£4.8m). Outlook "Our achievements to date optimally position AFC Energy for the delivery of commercial transactions"
easyHotel (EZH) Trading “slightly above” board's expectations.
Fastjet (FJET) CFO resigns immediate effect to, you'll never guess, pursue other opportunities.
CPPGroup (CPP) CFO leaving end Apr. Sounds amicable.
Quarto Group Inc (QRT) sells its 75% interest in Regent Publishing Services Ltd, its Hong Kong based publishing services business. Gets $7.0m including $2.5m for the Group's share of the excess cash in the business. Last pretax was $1.6m. That's an EV/pretax of only 3.75. Books a $3.3m profit on sale.
Digital Barriers (DGB) Flags poss FY miss. Expects to wins several contracts before YE but If none are signed there is expected to be a shortfall of approximately £10m on revenue compared to current market forecasts. "This is a disappointing outturn to the year - a year in which we have achieved some very positive progress across our technologies and in our international markets. We are securing larger, more complex sales opportunities, but which carry much longer sales cycles and make it difficult for us to determine the timing of their closure. In light of this disappointment, I will lead a review of our sales and engagement model..."
IG Design Group (IGR) FY trading significantly ahead of market expectations with rev over £300m.


Notes (do not rely on the data)
AFC: Price=12. Cap=46m. F/C for current FY*: EPS=-5.05, Prospective PE=-2.4, Revenue=NA.
AFC Energy develops alkaline fuel cell technology using hydrogen to produce electricity. It provides alkaline fuel cell technology in an industrial application and the technology to provide electricity in the United Kingdom.
EZH: Price=87.7. Cap=87m. F/C for current FY*: EPS=0.66, Prospective PE=132.9, Revenue=NA.
easyHotel is an international owner, developer, operator and franchisor of easyHotel branded hotels.
FJET: Price=16.5. Cap=56m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
FastJet provides airline services. It is a holding company for a low-cost airline which operates flights under the fastjet brand in Tanzania using a fleet of three Airbus A319 aircraft.
CPP: Price=12.5. Cap=107m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
CPPGroup is engaged in the international assistance business operating in the UK and overseas within the financial services, telecommunications and travel sectors. The Company operates a business-to-business-to- consumer business model.
QRT: Price=270. Cap=55m. F/C for current FY*: EPS=40.13, Prospective PE=6.7, Revenue=NA.
Quarto Group (The) Inc is engaged in distribution and publishing of illustrated books. The Company is also engaged in related areas of display marketing in Australia and New Zealand and publishing services in Hong Kong, Singapore and in UK.
DGB: Price=24.66. Cap=42m. F/C for current FY*: EPS=-2.27, Prospective PE=-10.9, Revenue=NA.
Digital Barriers provides surveillance technologies to the homeland security and defense markets.
IGR: Price=290. Cap=182m. F/C for current FY*: EPS=15.84, Prospective PE=18.3, Revenue=300.00m.
IG Design Group along with its subsidiaries is engaged in the design, manufacture, import and distribution of gift packaging and greetings, social expression gift-ware, stationery, bags and creative play products.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 27-Mar-17

K3 Business Technology (KBT) H1 poor. Adjusted pretax £0.03m (2015: £4.72m), mainly due to reduced software licence sales. Pretax -£4.24m (2015: £2.28m). "K3's trading performance in the first half is in line with revised management expectations but not as strong as originally expected. Profitability was impacted by sales slippage in the key December selling period, as well as by overhead investment. However we are pleased to report that we are now seeing deals we had expected to close come through, including a major contract with the British Heart Foundation...We believe that prospects remain very promising, with the pipeline standing at a record level. We expect to make good progress with our growth plans..."
Elektron Technology (EKT) sells Digitron for £0.3m. "After making a deduction for a fair share of these costs the Board estimates the Digitron [profit] contribution to be immaterial for the year ended 31 January 2017."
SpaceandPeople (SAL) FY EPS -3.38 (4.26). EPS before non-recurring costs 0.3p. Outlook: trading for the first two months ahead of management expectations. Technical breach of bank covenants and no further drawdown is permitted until the covenant breaches have been resolved. "This is expected to happen when the covenants are tested again at 31 July 2017. This does not have an impact upon the Group's ability to conduct its business in a normal fashion as the current level of drawdown provides a significant level of headroom."


Notes (do not rely on the data)
KBT: Price=253.25. Cap=92m. F/C for current FY*: EPS=17.7, Prospective PE=14.3, Revenue=89.35m.
K3 Business Technology Group is engaged in the supply of computer software and consultancy and managed services.
EKT: Price=7.31. Cap=14m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
Elektron Technology designs, manufactures and markets products that connect, monitor and control.
SAL: Price=18. Cap=3m. F/C for current FY*: EPS=-0.67, Prospective PE=-26.9, Revenue=10.40m.
SpaceandPeople is engaged in the marketing and selling of promotional and retail licensing space on behalf of shopping centres and other venues throughout the UK, Germany, France and India. Its two business segments are - Promotional Sales and Retail.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 28-Mar-17

Clarke T (CTO) FY beat. UL EPS up 42% to 11.6. Board is confident that the Group is well placed to meet market expectations for the year ahead.
Yü Group (YU.) FY loss £1.4m (14 months to 31 December 2015: £0.8m), "underlying profitability being delivered ahead of management expectations...With contracted revenue for 2017 standing at £27.8m at the year end, supplemented by £8.0m in new sales booked this year as at 24 March 2017 and a strong pipeline of new business we are confident that we can continue to build our record of strong profitable growth." Loss growth surely. Loss u every year since listing.
Severfield (SFR) Trading ahead of exp.
Fairpoint Group (FRP) FY trading: broadly in line with revised expectations. Adj pretax £4.9m (2015: £10.5m). Dividends suspended until further notice. Impact of changes to small value Personal Injury claims (due to be implemented in October 2018 expected to be manageable. CFO becomes CEO.


Notes (do not rely on the data)
CTO: Price=84.51. Cap=35m. F/C for current FY*: EPS=11.18, Prospective PE=7.6, Revenue=NA.
Clarke (T) provides electrical and mechanical contracting and related services to the construction industry and end users. The Company offers installation of electrical and mechanical services and supply of associated equipment.
YU.: Price=280.25. Cap=40m. F/C for current FY*: EPS=-0.12, Prospective PE=-2335.4, Revenue=NA.
Yu Group is an independent supplier of gas and electricity. The Company is servicing SME businesses throughout the UK.
SFR: Price=84.33. Cap=252m. F/C for current FY*: EPS=5.11, Prospective PE=16.5, Revenue=NA.
Severfield is a structural steelwork fabricator. It is engaged in the design, fabrication, and erection of structural steelwork, claddings, and ancillary products. Its projects include bridges, car parks, city center & retail and residential & hotels.
FRP: Price=13.75. Cap=7m. F/C for current FY*: EPS=13.5, Prospective PE=1.0, Revenue=NA.
Fairpoint Group is engaged in the provision of consumer professional services including debt solutions and legal services through its four core segments: IVA services, DMP services, claims management and legal services.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 29-Mar-17

Sabien Technology (SNT) H1 & bad warning.
Fairpoint Group (FRP) sells medico-legal business, PIX Limited for an enterprise value of £1.2m, payable in cash. The unaudited gross assets of PIX as at 31 December 2016 was £1.6m and the unaudited operating profit for PIX was £0.1m.
Sepura (SEPU) Department for Business, Energy & Industrial Strategy s currently minded to initiate a review of the Acquisition.
DX Group (DX.) wins £10m PA contract from Avon.
Game Digital (GMD) shock. No profit warning in H1 stmt.
Circle Holdings (CIRC) 30p recommended offer from Toscafund. 25% premium.


Notes (do not rely on the data)
SNT: Price=1.65. Cap=1m. F/C for current FY*: EPS=-0.4, Prospective PE=-4.1, Revenue=NA.
Sabien Technology Group is engaged in designing, manufacturing and sale of M2G, a boiler energy efficiency technology to reduce energy consumption on commercial boilers by up to 35%.
FRP: Price=15.6. Cap=8m. F/C for current FY*: EPS=13.5, Prospective PE=1.2, Revenue=NA.
Fairpoint Group is engaged in the provision of consumer professional services including debt solutions and legal services through its four core segments: IVA services, DMP services, claims management and legal services.
SEPU: Price=13.5. Cap=50m. F/C for current FY*: EPS=NA, Prospective PE=NA, Revenue=NA.
Sepura is engaged in the design, development and supply of digital radio solutions, complementary accessories, support tools and devices. Its solutions bring together radio infrastructure, terminals and data applications.
DX.: Price=11. Cap=22m. F/C for current FY*: EPS=3.8, Prospective PE=2.9, Revenue=NA.
DX (Group) is a logistics and parcel distribution company operating in UK & Ireland. It provides next day delivery services for mail, parcels & 2-Man deliveries to business and residential addresses for both public & private sector companies.
GMD: Price=41.75. Cap=72m. F/C for current FY*: EPS=4.4, Prospective PE=9.5, Revenue=797.14m.
GAME Digital is a specialist retailer of video games operating in the UK and Spain. It offers gaming and gaming-related products, including consoles, console digital content, and own-label accessories.
CIRC: Price=28.75. Cap=68m. F/C for current FY*: EPS=-4, Prospective PE=-7.2, Revenue=NA.
Circle Holdings along with its subsidiaries is engaged in providing healthcare services in the United Kingdom including treating privately insured, self-pay and NHS-funded patients.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian