MrC's Smallcap Sweeps for Nov 2019

[MrContrarian]

Smallcap Sweep. 28-Nov-19
Malvern pours cold water on expectations

Malvern (MLVN) warns on FY as H2 weak. Guides FY rev modestly ahead, positive underlying EBITDA. Blames unexpected delay in the approval process for university courses, reduced bookings from Europe and South America. Malaysia still weak.
Menzies(John) (MNZS) guides FY broadly in line with a difficult trading environment continuing throughout the year. Lots of positive noises.
Fisher (James) (FSJ) guides FY pretax modestly below the Board's expectations.
Vitec Group (VTC) cuts FY cuts adj pretax guidance to £47m - £50m. Stockopedia F/C is £39.8m so not a comparable figure. Blames retail de-stocking in Imaging Solutions and slower than expected trading recovery at SmallHD, following the fire in April.
Immupharma (IMM) licence and development agreement with Avion Pharmaceuticals for the exclusive rights to its lupus drug Lupuzo in North America.
Accsys Technologies (AXS) €46.3m placing at €1.05, an 8% discount to the price on AIM.
Baillie Gifford Uk (BGUK) NAV down 3.6% in last 6 months. "The Managers remain satisfied with the operational performance of the underlying holdings".


Notes (do not rely on the data)
MLVN: Price=1.54. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Malvern International is engaged in investment holding and provision of educational consultancy services.It provides the educational offering that is broad and geared towards preparing students to meet the demands of business and management.
John: Price=NA. Cap=NA. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
James: Price=NA. Cap=NA. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
VTC: Price=1135. Cap=515m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Vitec Group (The) designs, manufactures and distributes products for broadcasting, film and video production to broadcasters and independent content creators.
IMM: Price=6.91. Cap=12m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
ImmuPharma is a drug discovery and development company. The Company along with its subsidiaries is engaged in the research and development of novel drugs based on peptide therapeutics to treat serious medical conditions including autoimmune diseases.
AXS: Price=97. Cap=114m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Accsys Technologies is a chemical technology company focused on acetylation of wood. It is engaged in the production and licensing of its product Accoya solid wood and Tricoya wood elements.
BGUK: Price=184.74. Cap=278m. 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

[Bouleversee]

I thought Fisher's s.p. would have recovered more after confirming that the hacking had done no harm. They seem undervalued to me compared with previous high for the year. Very long term hold so far as I am concerned.

[MrContrarian]

Smallcap Sweep. 29-Nov-19


Aggregated Micro (AMPH) 90p rec offer, a 32% premium.
CAP-XX (CPX) £2.6m placing at 3p (18% discount) to buy the supercapacitor production lines of Murata.
Northgate (NTG) merger with Redde (REDD). Northgate holders will own 54%.
Redde (REDD) see Northgate.
Countrywide (CWD) sells Lambert Smith Hampton for £38m. Proposed 50 for 1 consolidation. Trading in line.
Blackbird (BIRD) £5.54m placing at 14p, a 21% discount.
EIH (EIH) delisting delayed to June.
Qannas Investments (QIL) proposes AIM cancellation due to delay in proposed RTO.


Notes (do not rely on the data)
AMPH: Price=70. Cap=43m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Aggregated Micro Power Holdings develops, owns & operates renewable energy generating facilities. It develops & operates projects using small-scale technologies for converting biomass to energy.
CPX: Price=3.57. Cap=12m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
CAP-XX is engaged in manufacturing and selling of super capacitors, used in portable electronic devices and automotive applications.
NTG: Price=350. Cap=466m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Northgate is engaged in light commercial vehicle hire business in the UK, Ireland and Spain. The Company's business segments are Hire of vehicles and Sale of vehicle.
REDD: Price=108.6. Cap=333m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Redde is engaged in providing non-fault accident management assistance and related services, fleet management and legal services in United Kingdom.
CWD: Price=4.66. Cap=76m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Countrywide along with its subsidiaries is an integrated, full service residential estate agency and property services group in the UK. It offers estate agency and lettings services, together with a range of complementary services.
BIRD: Price=17.59. Cap=52m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
EIH: Price=0.07. Cap=6m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
QIL: Price=0.5. Cap=37m. 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