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MrC's Smallcap Sweeps for Nov 2020

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MrContrarian
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MrC's Smallcap Sweeps for Nov 2020

#352552

Postby MrContrarian » November 2nd, 2020, 7:46 am

Smallcap Sweep. 02-Nov-20
Big premiums for LID and HZD.

Studio Retail (STU) potential sale of Findel Education to YPO is off due to no reasonable prospect of competition clearance. "Board will be assessing all options with a view to maximising value for its stakeholders." [SP=240 Cap=207m]
Lamprell (LAM) wins medium-sized ($6m-50m) contract for design services. [SP=30.1 Cap=103m]
LiDCO (LID) rec offer of 12p, a 78% premium. [SP=6.6 Cap=16m]
Horizon Discovery (HZD) rec offer of 185p, a 108% premium. [SP=88.8 Cap=140m]
Kromek (KMK) development agreement, worth up to $660k, with a US-based, sector-leading industrial OEM. Majority delivered in this FY and expected to transition to a multi-year supply contract. [SP=11.79 Cap=41m]
Creo Medical (CREO) FDA clearance for MicroBlate™ Fine device. "With regulatory clearance in the UK and Europe and US clearances coming through, we are gearing up for first clinical use of these product." [SP=148 Cap=233m]
Gresham House (GHE) sold another battery storage project to Gresham House Energy Storage Fund for an EV of £32.5m + £0.75m contingent. Initial net gain of £1,8m net. [SP=732 Cap=235m]
Northern Bear (NTBR) guides small H1(Sep) trading profit after 'solid' Sept. Lockdown: "clear that the Group will be working with widespread restrictions over the coming months." [SP=50.1 Cap=10m]
Dev Clever (DEV) agreed with ICJL, subject to Dev Clever publishing a prospectus by end Nov, to extend the deadline in for second tranche of its subscription rights to invest in new shares (at 10p) in Dev Clever to end Nov. [SP=7.9 Cap=37m]
Watchstone (WTG) disposal of Ingenie has now completed. [SP=58.44 Cap=27m]
ADES (ADES) wins two-year early production facility contract in Egypt. No $$$. [SP=9.6 Cap=396m]
River and Mercantile (RIV) Fee earning AUM up 2.7% 'in the quarter'. Is that YoY or over the Q? [SP=148.5 Cap=127m]
Zaim Credit Systems (ZAIM) Online operation now largest portion of business, a 'result beyond our expectations'. [SP=2.52 Cap=11m]
McBride (MCB) share buy-back of up to £12m. [SP=61.4 Cap=112m]
Fulcrum Utility Services (FCRM) future transfers of domestic customer gas connection assets and associated meters to E.S. Pipelines will now happen twice yearly. Due to delays to house building. [SP=40.51 Cap=90m]
Seeing Machines (SEE) FY (June) rev up 25%. Trading: Q1 ahead of budget with rev up 20%. [SP=4.65 Cap=174m]

In line: KBT
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Re: MrC's Smallcap Sweeps for Nov 2020

#352845

Postby MrContrarian » November 3rd, 2020, 7:30 am

Smallcap Sweep. 03-Nov-20
Pressure under pressure

Telit Communications (TCM) two bid approaches, one of which rejected. [SP=138.8 Cap=185m]
Amigo (AMGO) misses target of dealing with all complaint by end Oct. 10% still pending. Complaints remained at a high level for longer than expected. Provision guinance hiked from £116.4m at Q1, to over £150m. Won't start lending until 2021. [SP=8.59 Cap=41m]
Pressure Technologies (PRES) guides FY(Oct) rev only c. £25m (down 12%) and to make an adj operating loss. Blames weak oil and gas markets and slower than expected turnaround of operational performance at PMC division. [SP=58.7 Cap=11m]
Omega Diagnostics (ODX) Food Detective® test for self-test use approved in China. [SP=75 Cap=134m]
IXICO (IXI) wins contracts for Alzheimer's disease clinical trials. No £££. [SP=101.84 Cap=48m]
Oxford Metrics (OMG) guides FY(Sep) rev £30.3m and adj pretax £2.5m. Outllok: "fundamentals remain strong, supported by an encouraging pipeline of opportunities". [SP=73.11 Cap=92m]
AFC Energy (AFC) the serial disappointer makes a long-winded list of all its progress this FY including another successful fundraise natch'. [SP=17 Cap=115m]
Senior (SNR) FY outlook 'broadly in line with market expectations' of adj pretax loss £11.2m. WIll remain comfortably within covenants. [SP=55.5 Cap=233m]
John Lewis of Hungerford (JLH) finals delayed. [SP=0.61 Cap=1m]

In line: UPGS
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Re: MrC's Smallcap Sweeps for Nov 2020

#353282

Postby MrContrarian » November 4th, 2020, 7:31 am

Smallcap Sweep. 04-Nov-20


MITIE (MTO) Trading has continued to be more resilient than expected with Q2 rev up 12% on Q1. No H1 div. [SP=27.25 Cap=319m]
ECSC Group (ECSC) Q3 rev up on average quarterly revenue for 2019. Adj EBITDA over £50k per month. [SP=69.95 Cap=7m]
STV (STV) ad rev ahead of expectations, with Q3 -4% and Oct -2%. YTD TV viewing up 13% and online viewing up 82%. Expects to "finish year strongly on screen with November traditionally our biggest month of the year thanks to the return of I'm a Celebrity; while in STV Studios our 14 new commissions so far this year means that 2021 promises to be our most successful year yet."" [SP=NA Cap=NA]
Coral Products (CRU) wins renewal of a 3-year supply contract with a major international telecommunications group. Guides £3m PA av rev but no g'teed rev. [SP=4.75 Cap=4m]
IQ-AI (IQAI) FDA approves Liver Surface Nodularity software application which gives a new way to use CT scans for virtual liver biopsy [SP=4.5 Cap=7m]
Bango (BGO) BT partnership sees first launch with BritBox. BT customers will get Britbox 6 month trial for free. [SP=153 Cap=114m]
Wilmington (WIL) Q1(Sep) ahead of management expectations with rev down 6% but adj pretax up. Co on track to at least achieve the expectations for H1 which is for rev and pretax equal to H2 2020. [SP=122.8 Cap=108m]
Escape Hunt (ESC) recent 1 week rev (in half term) up 25% but LFL down 4%. EBITDA conversion ratios substantially better than in prior periods. Sites will cloe in lockdown. [SP=10 Cap=8m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Re: MrC's Smallcap Sweeps for Nov 2020

#353611

Postby MrContrarian » November 5th, 2020, 7:53 am

Smallcap Sweep. 05-Nov-20


Telecom Egypt (TEEG) buys extra 20Mhz spectrum for 10 years for $305m to grow capacity. [SP=NA Cap=NA]
Brown N (BWNG) £100m placing and OO at 57p, a 3% discount, mostly to repay some debt. This co looked like a bust a few months ago. Will move to AIM. [SP=59 Cap=169m]
FireAngel Safety Technology (FA.) Oct rev down only 4%. However the Scottish Government has proposed a 1 year extension for compliance to alarm installation. No FY guidance. [SP=11 Cap=14m]
Open Orphan (ORPH) wins £2.5m contract for a flu human challenge study with a US biotech. [SP=26.75 Cap=178m]
Wameja (WJA) Takeover delayed to 5 Feb (guided). "Seamless has notified Wameja of the potential for further claims under the indemnity in the SPA regarding third party intellectual property utilised in eServGlobal's "Paymobile" platform." Mastercard will seek to resolve the Potential Indemnity Claims directly with Seamless. [SP=6.95 Cap=157m]
Joules (JOUL) encouraging trends reported on 23 Sept have continued, with sales still ahead of mgmt expectations. Guides FY in line despite lockdown. [SP=101.7 Cap=110m]
Rank (RNK) confirms rumour of placing of up to 20% of shares in issue. [SP=86.3 Cap=337m]
Concurrent Technologies (CNC) launches new high performance AdvancedMC processor board aimed at wireless applications such as 4G/5G test instruments. [SP=87 Cap=64m]
Zoetic (ZOE) revised sale of DTU and Kansas Nitrogen Assets. Path not buying Nitrogen Assets, won't pay a royalty on future revenues from DTU. Also no orderly market agreement for sale of Path shares. [SP=37.86 Cap=74m]
Superdry (SDRY) Q2(Oct) rev down 22.8%, 1.3% better than Q1. Margin squeezed. [SP=166 Cap=136m]
DFS Furniture (DFS) lockdown measures not expected to materially impact H1(Dec) profitability due to very strong order bank levels, and the delivery lead times. "Furthermore, our experience of the prior lockdown periods was that substantially all order intake disrupted during the lockdown period was either deferred until showrooms reopened or was captured online." [SP=203 Cap=518m]
DWF (DWF) guides H1(Oct) u/l adj pretax £13m cf FY20 £14m. FCF over £10m. [SP=79.03 Cap=256m]
Ramsdens (RFX) stores will remain open in lockdown. [SP=117 Cap=36m]
TheWorks.co.uk (WRKS) guides H1(Oct) LFL up 10.6%, significantly ahead of the Board's expectations. Stores closed in lockdown. No FY guidance. [SP=17 Cap=11m]
Hansard Global (HSD) Q1(Sep) new business (Present Value) down 4.5%, "in-line with our general experience to-date of the Covid-19 environment." [SP=31 Cap=43m]
D4T4 Solutions (D4T4) contract wins will add c.£5.5m to FY rev. Remains confident about prospects. [SP=193 Cap=78m]

In line: ZTF
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Re: MrC's Smallcap Sweeps for Nov 2020

#353964

Postby MrContrarian » November 6th, 2020, 7:29 am

Smallcap Sweep. 06-Nov-20


Urban&Civic (UANC) rec offer 345p, a 63.5% premium. [SP=211 Cap=306m]
STM (STM) finally signs £5.5m credit line from RBS to fund acquisitions. [SP=27.7 Cap=16m]
Sportech (SPO) 28.5p offer. Rejected. [SP=20.75 Cap=39m]
Gulf Marine Services (GMS) performance remains ahead of the Business Plan. 9 month adj EBITDA up 25%. Repeats FY guidance of $57-62m adj EBITDA but expected near top of range. [SP=6.2 Cap=22m]
Mears (MER) to sell TerraQuest Solutions for £72m max. £61.8m min cash + £3.2m loan notes. Last FY rev £20.9m and pretax £4.9m. Trading in Continuing Group in line with mgmt exp. [SP=120 Cap=133m]
Dev Clever (DEV) has signed a Heads of Terms with Veative Labs and the National Independent Schools Alliance, India's largest governing body for budget private educational institutions. Will negotiate and design an implementation plan and commercial model that will utilise DEV's Launchyourcareer.com as the platform to deliver a minimum standard of career guidance. Will also look at introduction of a B2C subscription model. No £££. [SP=7.5 Cap=35m]
Sealand Capital (SCGL) wins $45k (is that all?) contract from longstanding client, Suncity Group Leisure Service, for a TikTok campaign to promote Suncity's opportunities in Macau. [SP=1.6 Cap=8m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Posts: 1008
Joined: November 4th, 2016, 2:45 pm
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Re: MrC's Smallcap Sweeps for Nov 2020

#354687

Postby MrContrarian » November 9th, 2020, 7:45 am

Smallcap Sweep. 09-Nov-20
Countrywide (CWD) bid approach

Pelatro (PTRO) wins 3 year contract worth $1m-$1.8m depending on the customer's take up of additional services. Guides FY rev only $4-4.2m. Blames lower than scheduled implementation of projects. Rev would have been $7.6m on old rev model, down 35%. Co "expects any contract wins before the end of this year to be for recurring revenue. Whilst the Company will, therefore, benefit from the smoother and higher quality earnings from this contract profile, it is unlikely that any further contracts won this year will result in significant additional revenue being recognised in 2020." [SP=39.9 Cap=15m]
Walker Greenbank (WGB) signs licensing agreement with Next for an extensive range of clothing, homeware and accessories over 2.5 years. Expected launch June. [SP=59.5 Cap=42m]
Mirriad Advertising (MIRI) launch of the 'Music Alliance' to place high profile brands into music content. "These partnerships bring brands immediate access to over a thousand global artists." [SP=34.2 Cap=73m]
Countrywide (CWD) 250p bid approach by Connells. Postpones GM. [SP=145 Cap=73m]
Invinity Energy Systems (IES) 1.8MWh sale to Orkney Flow + Tidal + Hydrogen project worth c.£1.2m if I read it right. [SP=105 Cap=75m]
Amigo (AMGO) CFO scarpers, leaves Nov 30. He is thanked. [SP=6.45 Cap=31m]
Dignity (DTY) Q3 rev up 4% but U/L op profit down 8%. Also "restructure of certain operating assets to enable their profits to be included in our securitisation covenants." to give more covenant headroom. Cost cuts of over £8m from Mar 2021. [SP=555 Cap=278m]
Gym (GYM) passed Q3 covenant test but Q4 looking tricky. since they assumed gyms remained open. Talking to lenders. "The business has traded profitably during the period and we are confident that our strong financial position, with very low levels of net debt and close to £70 million of unused facilities, will provide the platform to resume our growth path." [SP=137.2 Cap=228m]
Smiths News (SNWS) refinances existing senior finance agreement fro 3 years at 5.5% to 6% over LIBOR. This is higher than before "but remains competitive, and is reflective of the tightened credit markets at this time." [SP=25 Cap=61m]
EKF Diagnostics (EKF) guides another FY beat. Current F/C is rev £60m and adj EBITDA £23m. [SP=77.5 Cap=353m]
Plant Health Care (PHC) oint-Development Agreement for PREtec products with Wilbur-Ellis Agribusiness. It's "an important validation of the commercial value of PREtec as we move to the first product launches." No £££. [SP=8.1 Cap=20m]
ZAIM Credit Systems (ZAIM) Q3(Sep) amount funded up 42% over Q2, 4.3% YoY. [SP=2.76 Cap=11m]
Totally (TLY) H1 rev up 10%, pretax £0.1m (-£2.6m). Div 0.25p. "Continues to see increases in demand for some services as a direct result of COVID-19 and expect this to increase during the second National lockdown." [SP=17.4 Cap=32m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Re: MrC's Smallcap Sweeps for Nov 2020

#355075

Postby MrContrarian » November 10th, 2020, 7:38 am

Smallcap Sweep. 10-Nov-20


Zoo Digital (ZOO) H1(Sept) rev up 15%, pretax -$710k (+$374k). H2 to date rev up 20%. [SP=55.5 Cap=41m]
Gresham House Energy (GRID) share issuance programme to be conducted over the next 12 months through a number of tranches. Up to 250m shares to finance new projects. [SP=110 Cap=258m]
ValiRx (VAL) will evaluate Kalos Therapeutics' peptide KTH222 as a candidate for treating patients with ovarian cancer. [SP=20.99 Cap=14m]
Ethernity Networks (ENET) wins initial $122k order from a North American aerospace OEM co. Could lead to a significant expansion and further orders during 2021. [SP=17.4 Cap=7m]
Telit Communications (TCM) 9 months to Sept rev-cont down 11%. This is "resilient compared to H1." Adj EBITDA in line. [SP=162.4 Cap=216m]
Equals (EQLS) B2B Payments agreement with HomeSend, to "bolster HomeSend activities in the UK," [SP=27 Cap=48m]
Checkit (CKT) Q3(Oct) rev flat, ahead of mgmt expectations. Checkit Connect reccurring rev up 30%. [SP=47 Cap=29m]
Arena Events (ARE) H1(Sept) rev down 52%, pretax -£4.7m (+£2.3m). Adj EBITDA positive and cash neutral. [SP=5.5 Cap=14m]
Wey Education (WEY) FY(Aug) rev up 38%, adj EPS 0.47p (0.25p). No current trading nos. "Wey is going forward into the 2020/21 academic year with mastery, autonomy and a great sense of purpose." Sick bag. [SP=28.85 Cap=40m]

In line: SEEN
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Posts: 1008
Joined: November 4th, 2016, 2:45 pm
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Re: MrC's Smallcap Sweeps for Nov 2020

#355422

Postby MrContrarian » November 11th, 2020, 7:44 am

Smallcap Sweep. 11-Nov-20


Minds + Machines (MMX) guides FY op C/F over $4m. Sacking of directors reduces dilutes share cap by 4.7% as options forfeited. I hope those incentives didn't incentivise the accounting shenanigans. £2.3m max share buyback. [SP=3.8 Cap=34m]
Mereo BioPharma (MPH) proposes to delist from AIM, leaving only NASDAQ listing. Blames low volume and costs. [SP=34.5 Cap=117m]
Tiziana Life Sciences (TILS) collaboration with Parexel Biotech to conduct phase 1b/2 clinical trial in Crohn's Disease. Will be the with take-home capsules of Foralumab, a Fully Human Anti-CD3 Monoclonal Antibody. ""Previously, we reported that oral administration of Foralumab was well-tolerated and that the treatment did not result in severe toxicities that are so commonly observed with intravenous (IV) administration of anti-CD3 mAbs." [SP=95 Cap=185m]
ThinkSmart (TSL) AGM stmt. Points to 53% inc in SP of its CLearpay holding from last valuation of £53.7m. Net cash A$18m. Expects cash to continue to build over the next few years, adj for capital return and dividend payments. [SP=58.7 Cap=63m]
Octagonal (OCT) H1 trading: GIS subsidiary rev up 43%, profit up 42%. "GIS faces an incredibly broad range of outcomes tied to the coronavirus pandemic and there remain many challenges with no assurances of sustaining these levels of revenue." [SP=1.5 Cap=9m]
Gulf Marine Services (GMS) now that the CEO has been kicked off the board (but remans CEO for handover) the new board will talk to banks to reach a workable way forward. [SP=5.6 Cap=20m]
Eagle Eye Solutions (EYE) wins 5 year contract with Woolworths in Australia & NZ which has over 3000 stores. No £££. [SP=346 Cap=89m]
Ilika (IKA) the serial disappointer guides H1(Oct) broadly in-line with mgmt exp. Rev 'recognition' (is that the same as rev?) down c.13%. Plans to ramp Goliath battery pre-pilot line (1 kWh/week) to 10 kWh/week by 2022 with grant funding. [SP=94.45 Cap=131m]
Ricardo (RCDO) £29.3m max placing and PrimaryBid offer at 333p, a 9% discount, to cut debt. Q1 trading: orders up 19% but includes automotive order intake over £20m for two large multi-year programmes workable over a longer period. Co continues to experience challenging conditions in Automotive & Industrial. EMEA and expects the order intake that is workable in the short term to remain at a low level in the remaining months of H1 [SP=369 Cap=197m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
Lemon Quarter
Posts: 1008
Joined: November 4th, 2016, 2:45 pm
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Re: MrC's Smallcap Sweeps for Nov 2020

#355733

Postby MrContrarian » November 12th, 2020, 7:46 am

Smallcap Sweep. 12-Nov-20


Bango (BGO) has expanded its partnership with Microsoft to open-up access to Xbox subscriptions and consoles sales. "Unique Bango data insights optimize the targeting of product bundles to boost consumer engagement. " No £££. [SP=155.99 Cap=116m]
TT Electronics (TTG) trading: seems in line. Re mrf of too-good-to-be-true covid ultra-rapid screener invented by a 4 man band: "There remains a wide range of possible outcomes but Virolens® is proceeding through regulatory approvals and devices have been shipped to initial launch customers for operational trials in a number of different jurisdictions." [SP=224 Cap=390m]
Redcentric (RCN) For Sale flag lowered because "discussions did not materialise into any fully funded offers". H1(Sept) rev up 7% and adj EPS 3.61p up 50%. [SP=129 Cap=201m]
Manolete Partners (MANO) gets £2.8m net cash from case end, in line with book value. Payable over 3 years. [SP=302.5 Cap=132m]
Anexo (ANX) in line. DBAY Advisors buys 29%, co seem excited by this. [SP=134 Cap=155m]
NWF (NWF) hacking ('cyber incident') - incident has been contained and unlikely to result in any material impact on underlying trading. Cost c. £0.5m net of insurance claims. [SP=194.4 Cap=98m]
Duke Royalty (DUKE) 7 of the 12 royalty partners maintained cash payments throughout. "In addition, the Company delivered additional capital to its Royalty Partners which experienced growth opportunities during the pandemic. Furthermore, Duke's first partner exit was achieved with a successful cash-on-cash return in excess of 1.5x." Resumes 0.5p/Q divs. [SP=25.2 Cap=65m]
LPA (LPA) H2 rev slowed slightly but has since increased. Rev still slower than normal some parts of the Group. Guides H2 profit up vs H1. Plans to restart divs. [SP=91.3 Cap=12m]
Powerhouse Energy (PHE) non-binding Heads of Terms with Hydrogen Utopia International in Poland for a potential licence. [SP=2.65 Cap=98m]
MediaZest (MDZ) trading has continued to be encouraging. Ongoing roll out projects have restarted and are continuing during Nov. [SP=0.04 Cap=1m]
Brickability Group (BRCK) H1. The strong recovery continue into H2. [SP=49.6 Cap=114m]
Norcros (NXR) H1(Sep) rev down 25% or 17% in const FX. U/L pretax down 31%. Div passed. Q2 rev up 4.5% though. [SP=184 Cap=148m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Posts: 1008
Joined: November 4th, 2016, 2:45 pm
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Re: MrC's Smallcap Sweeps for Nov 2020

#356050

Postby MrContrarian » November 13th, 2020, 7:29 am

Smallcap Sweep. 13-Nov-20
GUN shoots two barrels at corp governance

FRP Advisory (FRP) guides H1(Oct) rev up 14%, U/L adj EBITDA up 7%, in line with mgmt exp. [SP=105.96 Cap=254m]
Gunsynd (GUN) £1.1m placing at 1p, a 5% discount. Placing will occur in two tranches as co "does not have sufficient shareholder authority to issue the shares in full." So two fingers to shareholder rights. How does the NOMAD think this is OK? [SP=1.08 Cap=3m]
Iconic Labs (ICON) £747k placing at 0.012p, a 20% discount. to replace European High Growth Opportunities Securitization Fund funding (a death spiral?) with normal debt. This "will remove the overhang of continuous conversion of convertible instruments into Ordinary Shares". Did they mention this downside when co took the funding? Of course not. [SP=0.02 Cap=5m]

In line: BYOT, NAK, GFRD
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Posts: 1008
Joined: November 4th, 2016, 2:45 pm
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Re: MrC's Smallcap Sweeps for Nov 2020

#356909

Postby MrContrarian » November 16th, 2020, 7:50 am

Smallcap Sweep. 16-Nov-20
DISH now into Indian

Venture Life (VLG) study concluded that co's two CPC based mouthwashes eradicated COVID completely within a 30 second exposure, in vitro. "Our clinical study of CPC-containing mouthwashes continues." [SP=87 Cap=73m]
Remote Monitored Systems (RMS) future demand for its anti-virus mask may outstrip the production line capacity of five million viricidal face masks per month. Co expects to supply its patented filter material to partner mask manufacturers until co has additional production lines. [SP=5 Cap=77m]
DP Poland (DPP) in connection with the possible acquisition of Dominium the CEO resigns, immediate effect.. She is thanked. [SP=7.25 Cap=18m]
Iconic Labs (ICON) management contract of Greencastle transferred to new owner Lovin' Media. Fee of £10k pcm + 25% of all profits if certain revenue and profit targets are met. [SP=0.01 Cap=4m]
BigDish (DISH) moving dev to India from Philippines to cut costs. CEO resigns, he is thanked. A new CEO, experienced in technology-led sales in international markets will be sought. [SP=1.15 Cap=4m]
Sensyne Health (SENS) 5 year research agreement with Somerset NHS Foundation Trust to enable the ethical application of clinical AI research to improve patient care and accelerate research into new medicines. The Somerset dataset covers 1.1m patients bringing total to co of 5.6m. Somerset gets 1.11% of co + an investment of up to £250k PA. [SP=119 Cap=153m]
Novacyt (NCYT) R&D Update. "Interim data from ongoing clinical trial in care homes confirms accuracy of Novacyt's near-patient testing (NPT) system compared to central laboratory testing of COVID...Launch of PROmate™, a new product to improve the workflow efficiency of Novacyt's NPT system for COVID." And some other develepments. [SP=897 Cap=691m]
Proton Motor Power (PPS) Sells one of its newly released product PM Frame. Initial unit is the first of a potential of 300 units for use as an uninterruptible power supply in road tunnels. [SP=53 Cap=388m]
Tricorn (TCN) new FD finds suspect accounting with a balance sheet exposure risk c. £3.6m plus an inter-company imbalance of c. £1m which is still being investigated. Mainly stock wrie-downs and debt recovery. "Trading has been extremely challenging over the last 9 months and whilst the outlook still remains uncertain, demand levels from a number of customers is increasing." [SP=7.5 Cap=4m]
Rolata (ROL) trading. Co continues to 'realign its operations to likely future requirements'. Won't renew lease on one depot serving Heathrow. Leases on a small number of coaches no renewed. Due to non-profit terms of Gon't support FY profit likely to be broadly the same at the normalised level as H1. [SP=21 Cap=11m]
Brickability (BRCK) CFO off sick. [SP=49.2 Cap=113m]
Stobart (STOB) Aer Lingus not to make Stobart Air preferred supplier for new commercial agreement from 2023. STOB "can exercise its right to an early break clause for the lease agreement of eight ATR aircraft in April 2023 at a cost to the Group of $21.2m (plus finance and maintenance costs). Doing so would allow Stobart Group to exit its pre-existing parent company guarantees." [SP=25 Cap=156m]
Camellia (CAM) $31m sales of Horizon Farm completes. [SP=6550 Cap=182m]
Provexis (PXS) distribution agreement for Fruitflow+ Omega-3 in China. More than 290m people in China are now thought to have cardiovascular disease, the target mkt. Tobacco mfrs must be gutted that this huge pool of customers are killing themselves. [SP=0.79 Cap=16m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

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

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Re: MrC's Smallcap Sweeps for Nov 2020

#357247

Postby MrContrarian » November 17th, 2020, 7:44 am

Smallcap Sweep. 17-Nov-20
Velocity reverses

Warpaint London (W7L) a range of 15 W7 cosmetics products will now be stocked in 209 Tesco Express stores, following a trial. Also expands Tesco main store range. Sales in Wilko running ahead of mgmt expectations. [SP=64.85 Cap=50m]
GLI Finance (GLIF) placing, a refinancing of the Group's liabilities and a restructuring of the business. £4m max placing at 2.25p, a nil discount. [SP=5.3 Cap=17m]
Two Shields Investments (TSI) BrandShield wins 'major' US contract with Pharmaceutical Security Institute. No £££. [SP=0.11 Cap=7m]
Eagle Eye Solutions (EYE) AGM stmt. Q1 rev up 11%, adj EBITDA comfortably in line with management expectations. [SP=404 Cap=104m]
Tekcapital (TEK) £380k placing at 8p, a 9% discount, to enable Guident and Salarius take advantage of new commercial opportunities. [SP=8.53 Cap=8m]
Velocity Composites (VEL) recent trading weak. "Prospects for the current year remain subdued with no imminent indications of significant increases to build rates on major civil aircraft programmes as set by the primary manufacturers Boeing and Airbus." Slashes 40% of jobs. Guides FY(Oct) rev down 44%, adj EBITDA -£1.8m (+£0.6m). [SP=14 Cap=5m]
Intercede Group (IGP) wins follow-on purchase order of $2.8m. "Includes software licenses and associated development, professional services and support & maintenance; the majority of which will be recognised in the current FY." It's included in mgmt expectations. [SP=89.5 Cap=45m]
Synectics (SNX) wins €1.3m contract with Irish Rail, the first for on-vehicle heavy-rail solutions for its Security business. [SP=86 Cap=15m]
At 31 October 2020 the Group had around £310m in Remaining Performance Obligations (RPO)[2] demonstrating a significant year-on-year growth in the level of ongoing customer commitments. The increase in customer commitments was driven by total bookings of £180m, 60% of which was secured in the second half and £122m of which represented new business from new customers and upsells. [SP=NA Cap=NA]
Gear4Music (G4M) H1(Sept) rev up 42%, EPS 23.6p (-0.7p). Very strong trading patterns have continued into Nov so guides FY ahead of the recently upgraded market expectations. [SP=688 Cap=144m]
Palace Capital (PCA) H1(Sept) £7.2m loss (£1.2m loss) due to £10.5m loss on revaluation. EPRA earnings £3.2m (£6.7m). EPRA NTA 347p/sh down 17p in the half. "82% of all rents due on and since the September quarter day collected, a higher percentage than at the equivalent stage in the previous two quarters with December monthly payments still to come when collection is expected to exceed 90%." [SP=206.93 Cap=95m]

In line: IDOX, AFHP
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

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

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Re: MrC's Smallcap Sweeps for Nov 2020

#357552

Postby MrContrarian » November 18th, 2020, 7:43 am

Smallcap Sweep. 18-Nov-20
VRS hope, not sales as usual

InnovaDerma (IDP) CEO steps aside to be Exec chmn. New CEO Blake Hughes. [SP=56.2 Cap=8m]
DP Eurasia (DPEU) last 10 months rev up 12% in Turkish Lira. "The momentum in current trading is encouraging." [SP=31.1 Cap=45m]
Versarien (VRS) preliminary study of modified graphene materials provided by Versarien shows that they significantly inhibit viral infection and possess anti-viral activity towards covid. Validates hypothesis that graphene nanoplatelets doped with metal oxide nanoparticles can be anti-viral in the lab at least. [SP=34 Cap=58m]
International Personal Finance (IPF) Oct trading: Collections effectiveness increased 200bp to 97% and further increase in credit issued to 60%, both re pre-Covid expectations. [SP=82.5 Cap=185m]
Begbies Traynor (BEG) guides FY at least in line with market consensus which is for pretax of £9.8m. H1 rev up 10%, adj pretax up 25%. [SP=86.4 Cap=110m]
Wynnstay (WYN) trading stronger than expected, especially in September and October. Guides U/L pretax significantly ahead of market forecast. [SP=307.25 Cap=62m]
Best of the Best (BOTB) trading since Sept RNS still strong. Bid talks continue. [SP=1448.44 Cap=136m]
Finncap (FCAP) H1. Trading: Q3 has started well and pipeline looks promising, guides FY profits well up. Cautions that "economic environment remains uncertain and is likely to be so for some considerable period ahead". [SP=19.5 Cap=34m]
Speedy Hire (SDY) H1. Guides FY towards the top end of analysts' expectations. [SP=64.4 Cap=339m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

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

@MrContrarian

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Re: MrC's Smallcap Sweeps for Nov 2020

#357962

Postby MrContrarian » November 19th, 2020, 7:40 am

Smallcap Sweep. 19-Nov-20
ACSO, SOM, WINE & HEAT beats

Accesso Technology (ACSO) guides FY rev comfortably ahead of its previous guidance of not less than $48m. [SP=355.01 Cap=146m]
Zoetic (ZOE) initial roll out of its products in US is ahead of schedule and has been met with an overwhelmingly positive response. Also Zoetic's blood orange CBD oil was "highly commended" in GQ Grooming Awards for its properties as a market-leading sleep aid. First prize went for Zak Mir's RNS prose. [SP=42 Cap=82m]
Somero Enterprises (SOM) guides FY(Dec) ahead of mgmt's reinstated expectations. Guies rev $80m (up by $5m), adjusted EBITDA c. $21m (up by $2m). Cites "healthy trading in an active US market, strong contributions from new products - particularly the SRS-4 and the recently launched Broom + Cure - and an increase in revenues from the SkyScreed family of products due to an easing of job-site restrictions." [SP=230 Cap=129m]
Headlam (HEAD) guides FY adj U/L pretax materially ahead of market expectations of a breakeven. Rev for the four months to Oct down only 1.2%, Nov currently ahead. [SP=326 Cap=277m]
Immotion (IMMO) £1m placing at 4p, a 5% premium, to strengthen the balance sheet and accelerate growth of Let's Explore. "Soft launch of our new 'Let's Explore Oceans' in-home product...has been extremely encouraging and bodes well as a substantive addition to our Location Based Entertainment business." Trading at location-based ops that are operational has continued to be encouraging. [SP=3.8 Cap=14m]
Bion (BION) MoU's with 3 parties with complementary expertise and resources in the biogas industry in Malaysia, to 'advance their joint interests' (obviously) and form a JV. Co thinks JV would be the largest owner of biogas power plants in Malaysia. [SP=2.8 Cap=12m]
Macfarlane (MACF) last 4 months rev up. Gives confidence that FY pretax will be will be broadly flat. [SP=95.43 Cap=151m]
Finsbury Food (FIF) AGM stmt: First 4 months FY rev down only 3.4%. Guides further sales and profit growth in FY. [SP=64.16 Cap=84m]
SRT Marine Systems (SRT) H1(Sept) as per trading stmt. Pot of jam tomorrow gets ever bigger. [SP=35 Cap=57m]
Naked Wines (WINE) H1(Sept). Hikes FY rev growth guidance to 55-65% (from?). [SP=499 Cap=365m]
Inspecs (SPEC) £64m placing via ABB to part fund the acquisition of Eschenbach. [SP=205.2 Cap=145m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

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

@MrContrarian

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Re: MrC's Smallcap Sweeps for Nov 2020

#358281

Postby MrContrarian » November 20th, 2020, 7:33 am

Smallcap Sweep. 20-Nov-20


Trackwise Designs (TWD) £11m placing and £1m OO at 200p, a 45% discount, to fund a new IHT manufacturing facility and growth working capital. [SP=368 Cap=81m]
Staffline (STAF) PeoplePlus to sell its Apprenticeships business in order to focus on core business. Oddly no £££. [SP=33.75 Cap=23m]
Webis (WEB) Advanced Deposit Wagering business gets two-year license renewal in California. Has also renewed or in the process of which in 6 other states. [SP=1.32 Cap=5m]
Quiz (QUIZ) 13 Scotland shops to close till Dec 11, in lockdown. [SP=8.27 Cap=10m]
Mulberry (MUL) Frasers Group need not make a mandatory offer despite now owning 36%, due to a dispensation. Frasers may make a voluntary offer within 28 days. [SP=193 Cap=116m]
Telit Communications (TCM) re: previously announced possible offers from a DBAY fund and Lantronix. Co has an approach at 250p in shares of u-blox, a Swiss listed co. [SP=168.2 Cap=224m]

In line: FAB
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

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

@MrContrarian

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Re: MrC's Smallcap Sweeps for Nov 2020

#359166

Postby MrContrarian » November 23rd, 2020, 7:49 am

Smallcap Sweep. 23-Nov-20
Long winter for Summers at GMS?

AA (AA.) long talks result in non-binding offer of 35p. Many expected a breakdown. [SP=33.55 Cap=209m]
Xpediator (XPD) guides FY(Dec) adj pretax at least £6m, up 18% as trading continues recovery. "A new customs brokerage team has been established, set up to handle the likely increase in declarations whatever the Brexit deal outcome. If there is a change in border controls, then the Group believes it will have an increased workload." [SP=25.8 Cap=37m]
Chamberlin (CMC) The customer 75% of machine shop's output will take business elsewhere, in a earlier transition to the next product evolution. "Ongoing customer orders are likely to be a fraction of the original contract. The Company will be pursuing a claim relating to the earlier than planned transition and in the meantime all staff in the machine shop have been furloughed." [SP=NA Cap=NA]
McBride (MCB) FY outlook unchanged (a modest improvement in profitability) but uncertainties abide. [SP=65.8 Cap=120m]
Gulf Marine Services (GMS) CEO Tim Summers suspended pending an internal investigation into a severance agreement of 10 Nov re £429k payment to him on that date. [SP=6.92 Cap=24m]
US Solar Fund (USF) all 41 projects fully operating. Construction and development cost savings of c. $4m plus proceeds from better-than-expected pre-COD electricity sales of c. $1m (compared to assumptions at acquisition). This equals 2.5c/sh. [SP=1.05 Cap=210m]
Avacta (AVCT) rapid covid test: initial tests show very good analytical sensitivity. Will proceed to clinical trial. [SP=135.5 Cap=342m]
Gresham Technologies (GHT) framework agreement for Clareti with large bank, worth $2.3m min over 3 years. However it only boosts forward-looking recurring revenues by $0.2m PA. [SP=124.55 Cap=87m]
Total Produce (TOT) the chips are up, with FY(Dec) Sales, adj EBITDA and adj EPS now expected to be slightly ahead YoY. [SP=115 Cap=NA]
RUA Life Sciences (RUA) new design of heat valves easily passed required lab tests. Plans further refinement to manufacturing process for even better hydrodynamic performance. [SP=140.12 Cap=23m]
Concepta (CPT) buys The Genome Store, a recent start-up provider of home-administered postal genomic test services, for £0.28m and £0.24m contingent, all in shares. An initial portfolio of tests will be launched in Q4 2020. [SP=0.94 Cap=5m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

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

@MrContrarian

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Re: MrC's Smallcap Sweeps for Nov 2020

#359508

Postby MrContrarian » November 24th, 2020, 7:46 am

Smallcap Sweep. 24-Nov-20
Versarien real news!

Countrywide (CWD) instos won't back proposed rescue placing underwritted by Alchemy Partners "but also a recognition of the need for new capital and a readiness among shareholders to invest in the Company." Co looking at another way to refinance inc Connells indicative approach. Major board changes. [SP=230 Cap=116m]
AA (AA.) PUSU deadline extended to 25 Nov following possible 35p offer. [SP=31.95 Cap=199m]
Zoetic (ZOE) gets 'landmark' agreement to distribute products in up to 88k small US shops. [SP=43.6 Cap=85m]
Versarien (VRS) an actual money order! A typo? Wins £1.95m order from MoD body to develop graphene loaded polymer composites for certain (confidential) defence related applications. Runs to Mar 2022. [SP=35.5 Cap=60m]
EKF Diagnostics (EKF) circular re spin-out of holding in Trellus Health as shares certs. Possible IPO next year. [SP=62 Cap=282m]
Funding Circle (FCH) guides adj EBITDA profitable in H2, materially ahead of previous guidance of close to breakeven. First 4 months income up 38%. [SP=89 Cap=314m]
Devro (DVO) recent 4 months trading remained robust. "For the full year we still expect good growth in emerging markets to offset a decline in our mature markets leading to broadly flat collagen volumes, with an estimated 2% net negative impact from COVID." [SP=157.4 Cap=263m]
Headlam (HEAD) has been hacked. "Certain back office systems were affected, including the email system which has now been restored. The Company's operating ERP system, containing customer and supplier information, was not accessed, and there has been minimal impact on operations." Perp is a "well-known newer organisation which has carried out multiple such incidents recently. There is currently evidence of extraction of a small amount of data." [SP=363 Cap=308m]
Tharisa (THS) guides FY EPS 16c to 17c up 300-325%. Stmt required under Jersey Stock Ex because nos are >20% different to prior year. Unhelpfully doesn't say if it's different from expectations. [SP=79.5 Cap=4551m]
Ilika (IKA) decides an Ilika-operated facility offers the lowest implementation risk and best financial return for increasing Stereax battery prodn. [SP=103 Cap=143m]
IQE (IQE) up FY rev guidance by £5m to at least £170m with mid-single-digit £m adjusted operating profit. Reduced capex cuts net debt to low-single-digit £m from £16m in prior year. Expects "underlying demand for the technologies that IQE’s products enable will remain strong heading into 2021." Also founder and CEO will leave when new CEO found. Naturally he is thanked - you can't diss the founder. [SP=60.4 Cap=483m]
Conygar (CIC) FY(Sept) NAV 165.8p/sh (178.2p). Outlook is highly uncertain. [SP=108.4 Cap=58m]
Ten Lifestyle Group (TENG) FY(Aug) rev down 3.5%, as guided in trading stmt. "Until the effects of COVID-19 ease globally, we expect that Net Revenue will continue to be reduced due to lower demand for our core services in dining, travel and live entertainment in each of the regions. The timing of this recovery is uncertain." [SP=90 Cap=73m]
Renuron (RENE) [last night] placing at 70p, a 28% discount [SP=96.45 Cap=31m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

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

@MrContrarian

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Re: MrC's Smallcap Sweeps for Nov 2020

#359815

Postby MrContrarian » November 25th, 2020, 7:35 am

Smallcap Sweep. 25-Nov-20
AA rescued after long wait

AA (AA.) at last, a 35p rec offer. [SP=31.8 Cap=198m]
SourceBio (SBI) Renewal of covid testing services contract with Spire Healthcare. Co "continues to build capacity for testing services to support expected further demand into 2021". Guides FY rev £50m and EBITDA c. £14m. [SP=183.59 Cap=136m]
Fulham Shore (FUL) AGM stmt. Hard to divine the overall picture. [SP=8.63 Cap=53m]
Nanoco (NANO) gets 80% grant funding to develop a heavy metal-free quantum dot testing kit for the accurate and rapid visual detection of covid. 18 month project to cost c. £1m. [SP=9.9 Cap=30m]
RDL Realisation (RDL) this fund in wind-down aims to delist early 2021. [SP=63.1 Cap=10m]
Xeros Technology (XSG) Indian license partner has received an order for 9 denim finishing machines incorporating Xeros' technologies. It's the first for the XDrum design. Xeros will receive a mid to high single digit royalty plus royalties for the ongoing use of XOrbs. [SP=2.35 Cap=47m]
Irish Continental (ICGC) rev down 26% in first 11 months as car ferry volume collapsed. Vulnerable to fall in Ireland-UK trade. [SP=4.26 Cap=NA]
Scs (SCS) AGM stmt. "Whilst it is too early to provide clarity on the outlook for the weeks and months ahead, we are encouraged by the trading pattern the Group experienced following the first lockdown, when the business benefited from significant pent up demand." [SP=198.5 Cap=75m]
James Latham (LTHM) H1(Sept) rev down 15% though Q2 up 5.3%. H2 started strongly with margins slightly ahead. [SP=832 Cap=166m]

In line: DLAR
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Posts: 1008
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Re: MrC's Smallcap Sweeps for Nov 2020

#360137

Postby MrContrarian » November 26th, 2020, 7:44 am

Smallcap Sweep. 26-Nov-20
Monkeys at typewriter at Gibbons?

Atlas Mara (ATMA) agrees sale of its banking assets in Rwanda and Tanzania for a price determined by a book value formula. [SP=0.33 Cap=62m]
boohoo (BOO) Sir Brian Leveson will oversee Agenda for Change programme and will report directly to the Board and his reports will be published. [SP=291 Cap=3670m]
Remote Monitored Systems (RMS) delivery and installation of its new anti-viral mask production line delayed. Commercial production and shipment of product is now expected to begin in Jan. [SP=2.6 Cap=41m]
EKF Diagnostics (EKF) sale of shares in Renalytix AI for £7.705m and a profit of over £5.6m. [SP=60.5 Cap=275m]
Shoe Zone (SHOE) delays finals to 8 Mar. Guides £12m hit from England lockdown. "The very late lockdown in certain areas of Scotland and all of Northern Ireland has further exacerbated the impact on our pre-Christmas trading...It is very difficult at this stage to provide any further meaningful guidance on the future outlook, given the material uncertainty in the wider economy." [SP=61.5 Cap=31m]
Actual Experience (ACT) wins order for recently launched Human Experience Management offering. It will analyse the digital experience of 10,000 home and office-based employees for one month. No £££. [SP=72.28 Cap=34m]
Norman Broadbent (NBB) seems almost boastful to get a few scraps of funding: £250k CBILS and extra £1.5m invoice financing. "he new invoice discounting facility will greatly improve liquidity and help fuel further growth." [SP=4 Cap=2m]
Chrysalis VCT (CYS) suspended pending shareholder vote on winding up. [SP=22 Cap=6m]
Tracsis (TRCS) FY(July) rev as per trading stmt. Pretax £4.1m (£6.6m). Q1 trading in line. [SP=580 Cap=169m]
Stanley Gibbons (SGI) H1(Sep) rev-cont down 26%, pretax-cont -£2.2m (-£0.66m). Vague essay of an outlook. "There are encouraging signs recently that will hopefully allow me to report that our rebuilding plans are back on track next year...This would be the first time in several years where we would [can?] be able to say that we had neither increased borrowing or heavily discounted some of our best inventory, while also continuing to invest in the future rather than diminishing our long-term prospects." [SP=4.05 Cap=17m]

In line: PEBB, CTO, XPS
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Re: MrC's Smallcap Sweeps for Nov 2020

#360503

Postby MrContrarian » November 27th, 2020, 7:42 am

Smallcap Sweep. 27-Nov-20
LoopUp warns, Michelmersh cements progress.

Tungsten (TUNG) warns FY rev flat and adj EBITDA not less than £3.2m, materially lower than previous guidance. Blames "lower transaction volumes, product mix of new sales, our new Total AR contracts requiring increased set-up costs, as well as additional costs related to our investment in the sales team." Good job they didn't have to replace the kitchen sink. [SP=33.7 Cap=43m]
Quadrise Fuels (QFI) long AGM stmt has nothing new but co "very pleased to be able to provide a comprehensive update to our shareholders" as if being able to write such a statement was a special bonus. [SP=1.8 Cap=19m]
LoopUp (LOOP) trading. Instability makes it "challenging to provide specific guidance on near-term expectations". Meetings and Event businesses robust and strong momentum in our Cloud Telephony but an acceleration of churn in non-Professional Services sectors. Guides FY rev at least 18% up, moderately below market expectations. "While trading is expected to remain challenging in the non-PS part of our Meetings business, this now represents just 14% of our total LoopUp Platform revenue." [SP=155 Cap=86m]
Reach (RCH) the go-go cigar butt of the moment beats mkt exp in last 5 months and expects trends of strong digital growth and resilient circulation to continue into Dec. Still on track to deliver 10m registrations by end 2022. [SP=154 Cap=481m]
Gateley (GLTY) guides H1(Oct) rev down only 3.5% and adj pretax at least £7m (£6.6m). [SP=63.97 Cap=NA]
IXICO (IXI) wins £1.9m contract for study. Already in FY mgmt exp. [SP=124 Cap=58m]
Symphony (SYM) NAV at Sept $0.653/sh up 3.14c in the half. [SP=21.4 Cap=38m]
Michelmersh Brick (MBH) guides FY U/L rev and profit above market expectations. Div will be 2.25p. [SP=104 Cap=98m]
Immunodiagnostic Systems (IDH) two covid Rapid Test kits now available for sale in the UK, EU and other CE-mark countries. Cites 99.2% specificity and 96.7% sensitivity for the better of the two tests. [SP=198.06 Cap=57m]
Walker Crips Group (WCW) H1(Sep) rev down 8%, pretax -£0.45m (+£0.62m). "Contrary to our worst fears, investor confidence and the financial services market remain resilient." H2 rev benefited from the rise in markets. Outlook "No doubt we have a difficult year ahead...[but] remain cautiously optimistic." [SP=27.9 Cap=12m]
Scholium (SCHO) H1(Sep) rev down 14%, pretax -£158k (+£64k). Better than mgmt expectations earlier this year. Guides H2 loss as well. [SP=35 Cap=5m]
Mirriad Advertising (MIRI) [last night] £3m placing at 40p, a 6% discount. [SP=43.85 Cap=94m]

In line: AQSG
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

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

@MrContrarian


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