Smallcap Sweep. 11-Jul-22Breaking legs to fit the sarcophagus of news
Mpac (MPAC) guides FY(Dec) rev in line but profit significantly below mkt expectations due to supply chain delays and inflation. [SP=379 Cap=77m]
SEEEN (SEEN) sells CreatorSuite licence to the Daily Mail, the first example of SEEEN integrating its CreatorSuite offering with a separate video player. No £££. [SP=11 Cap=6m]
Omega Diagnostics (ODX) gets long due payment from Abingdon Health after latter gets payment from the DHSC. [SP=3.26 Cap=8m]
Woodbois (WBI) guides H2 rev up 38% and margin 23% (20%). "Whilst there are many challenges ahead, the next step in our journey to scale the business is the full commissioning of our second veneer line in Mouila, Gabon, which we expect to contribute to a further increase in revenues, margins and profitability." [SP=5.48 Cap=114m]
7digital (7DIG) wins 2 yr music-as-a-service contract from with Singapore-based Lomotif, one of the top worldwide social video-sharing apps. No £££. [SP=0.17 Cap=5m]
Dekel Agri-Vision (DKL) H1(June) "remained strong with increased gross margin percentage largely offsetting lower volumes...Palm Oil Operation is well-positioned to deliver a sustained period of operating profitability". [SP=3.2 Cap=17m]
MJ Gleeson (GLE) guides FY(June) significantly ahead of expectations with units sold up 10% and strong selling price increases offset significant material and labour cost increases. [SP=514 Cap=300m]
BATM Advanced Communications (BVC) CityFibre has selected BATM's Edgility virtual networking and edge compute solution. "Will be piloting the Edgility platform with selected partners ahead of an expected national deployment to provide virtualised network services for businesses." [SP=34.9 Cap=154m]
Oxford Nanopore Technologies (ONT) sale and leaseback of HQ for for £42.5m. Rent will be £1.8m PA. [SP=321 Cap=2644m]
Joules (JOUL) re Sunday Times article. Confirms it has appointed KPMG debt advisory to assist in "improving profitability, cash generation and liquidity headroom". "Whilst the Group continues to manage its cash resources carefully over its seasonal borrowing peak, it expects to have sufficient liquidity to manage its working capital requirements over this time." [SP=33.35 Cap=37m]
SpaceandPeople (SAL) guides FY(Dec) rev £5.5m+ assuming no further pandemic induced lock downs. H1 rev £2.5m (£1.1m). [SP=95 Cap=2m]
Kinovo (KINO) update on trading and developments relating to DCB, its former subsidiary. "Kinovo is also the largest creditor of DCB and at this stage, Kinovo's expectation is that there will be limited recovery of the amounts owed." Also Kinovo continues to facilitate constructive discussions with HSBC regarding the refinancing of its existing facilities. [SP=16 Cap=10m]
WANdisco (WAND) H1 bookings up 1,200% to $27.3m. Outlook confident. [SP=292 Cap=193m]
Induction Healthcare (INHC) System C Healthcare to distribute Induction Zesty product in the UK. [SP=47 Cap=44m]
Norman Broadbent (NBB) guides H1(June) net fee income up 20%. EBITDA £40k to £60k. In line? [SP=6.18 Cap=4m]
In line: CSFS, DFCH, MORE, BYOT
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered. RNSshttp://www.investegate.co.uk/index.aspx?limit=-1@MrContrarian