MrC's Smallcap Sweeps for Feb 2020
Posted: February 3rd, 2020, 7:55 am
Smallcap Sweep. 03-Feb-20
FireAngel P/L jiggery on w'tee claims.
Pennant (PEN) guides FY £20m (as F/C). U/L EBITDA £2.4m. NAV: impairment of £0.8m on certain properties and an increase of £0.4m against others. Gross amount taken off BS, £0.4m credited to reserves.
NAHL (NAH) warns FY 7.5-10% lower than mgmt expectations while within the range previously announced. Residential Blames Property division making a small loss and competition in Personal Injury div. Outlook poor: co will slow the deployment of working capital in the PI business and suspend the div. Outlook for 2020 performance is now significantly lower than previous expectations.
FireAngel (FA.) guides FY rev £45.5m (looks in line), U/L op loss (before the impact of the change to straight line amortisation, previously described) £2.9m (£2m). Will make further exceptional non-cash charge of approximately £3.2m due to stock writedown and impairment of intangible development costs. CO "proposes to narrow its focus to developing and promoting those products and services which give the highest and quickest returns. This focus should, in the Board's opinion, make the Company less complex, less cash consumptive and support its gross margin improvement plans in both the short and medium term. Warns of further provision for battery warranty claims of £2.7m over 3 years. Blames "error in the assumptions on which the warranty provision was modelled when the issue was first discovered in 2016. It is therefore expected that the charge may be recognised as a prior period adjustment in the Company's Report and Accounts for the Year, rather than impact the Income Statement for 2019." Guides FY20 in line.
Safestay (SSTY) guides FY rev £18.3m up 25%. F/C is £17.6m. Adj EBITDA up 11%. Does not say it's a beat. Q1 bookings very encouraging,
SpaceandPeople (SAL) guides FY rev £7.7m, lower than expected, but due to lower direct costs pretax broadly in line with market expectations. Final div 0.75p (0.50p).
BigDish (DISH) no of restaurants on system up 150% since Nov RNS. Deals offered much better. Cost cuts means co may extending the funding runway beyond Q3 2020. Shows how useless prev CEO was.
Watchstone (WYG) sale of Healthcare services business should complete around 7 Feb.
Corero Network Security (CNS) $1m contract wins.
In line: STAR
Notes (do not rely on the data)
PEN: Price=83.3. Cap=30m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
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.
NAH: Price=96.4. Cap=45m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.
FA.: Price=15.13. Cap=12m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
SSTY: Price=38.3. Cap=25m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Safestay is a UK-based owner and operator of hostel group. The company manages backpacker tourist hostels under the Safestay brand offering accommodation for school groups, young adults, and backpackers to families.
SAL: Price=11. Cap=2m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
SpaceandPeople is engaged in marketing and selling of promotional and retail licensing space on behalf of shopping centers. The company’s segments are Promotional Sales and Retail with geographic locations in the United Kingdom and Germany.
DISH: Price=3. Cap=10m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
WYG: Price=NA. Cap=NA. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
WYG is a project management and technical consultancy firm. The Company is engaged in assessing, defining, planning, designing and supervising projects and development programmes.
CNS: Price=5.1. Cap=25m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Corero Network Security is engaged in supply of security products and services to international customers and the supply of finance and management information software solutions to the UK education and commercial markets.
* 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
FireAngel P/L jiggery on w'tee claims.
Pennant (PEN) guides FY £20m (as F/C). U/L EBITDA £2.4m. NAV: impairment of £0.8m on certain properties and an increase of £0.4m against others. Gross amount taken off BS, £0.4m credited to reserves.
NAHL (NAH) warns FY 7.5-10% lower than mgmt expectations while within the range previously announced. Residential Blames Property division making a small loss and competition in Personal Injury div. Outlook poor: co will slow the deployment of working capital in the PI business and suspend the div. Outlook for 2020 performance is now significantly lower than previous expectations.
FireAngel (FA.) guides FY rev £45.5m (looks in line), U/L op loss (before the impact of the change to straight line amortisation, previously described) £2.9m (£2m). Will make further exceptional non-cash charge of approximately £3.2m due to stock writedown and impairment of intangible development costs. CO "proposes to narrow its focus to developing and promoting those products and services which give the highest and quickest returns. This focus should, in the Board's opinion, make the Company less complex, less cash consumptive and support its gross margin improvement plans in both the short and medium term. Warns of further provision for battery warranty claims of £2.7m over 3 years. Blames "error in the assumptions on which the warranty provision was modelled when the issue was first discovered in 2016. It is therefore expected that the charge may be recognised as a prior period adjustment in the Company's Report and Accounts for the Year, rather than impact the Income Statement for 2019." Guides FY20 in line.
Safestay (SSTY) guides FY rev £18.3m up 25%. F/C is £17.6m. Adj EBITDA up 11%. Does not say it's a beat. Q1 bookings very encouraging,
SpaceandPeople (SAL) guides FY rev £7.7m, lower than expected, but due to lower direct costs pretax broadly in line with market expectations. Final div 0.75p (0.50p).
BigDish (DISH) no of restaurants on system up 150% since Nov RNS. Deals offered much better. Cost cuts means co may extending the funding runway beyond Q3 2020. Shows how useless prev CEO was.
Watchstone (WYG) sale of Healthcare services business should complete around 7 Feb.
Corero Network Security (CNS) $1m contract wins.
In line: STAR
Notes (do not rely on the data)
PEN: Price=83.3. Cap=30m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
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.
NAH: Price=96.4. Cap=45m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.
FA.: Price=15.13. Cap=12m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
SSTY: Price=38.3. Cap=25m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Safestay is a UK-based owner and operator of hostel group. The company manages backpacker tourist hostels under the Safestay brand offering accommodation for school groups, young adults, and backpackers to families.
SAL: Price=11. Cap=2m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
SpaceandPeople is engaged in marketing and selling of promotional and retail licensing space on behalf of shopping centers. The company’s segments are Promotional Sales and Retail with geographic locations in the United Kingdom and Germany.
DISH: Price=3. Cap=10m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
WYG: Price=NA. Cap=NA. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
WYG is a project management and technical consultancy firm. The Company is engaged in assessing, defining, planning, designing and supervising projects and development programmes.
CNS: Price=5.1. Cap=25m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Corero Network Security is engaged in supply of security products and services to international customers and the supply of finance and management information software solutions to the UK education and commercial markets.
* 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