Re: MrC's Smallcap Sweeps for Apr 2020
Posted: April 24th, 2020, 7:36 am
Smallcap Sweep. 24-Apr-20
Bilby (BILB) guides FY(March) in line with rev at least £59m. Co experiencing delays in accessing certain residential and communal properties to undertake work, councils seeking to defer some jobs. At YE had comfortable covenant headroom.
Lookers (LOOK) new vehicle LFL in Jan, Feb -5%. Sold 7 sites by Dec for £17.6m net. Fraud investigation: £4m identified so far as non-cash charge in 2019. Expects U/L pretax profit in FY19. Too early to make any reasonable estimate of the financial impact of covid in FY20.
Senior (SNR) trading in 3 months to March slightly ahead of mgmt expectations. covid "causing significant disruptions to our end markets and their respective supply chains, with customer demand falling as activity levels have reduced". 17% of staff furloughed. Has agreed bank covenant relaxations for June and Dec and concluding discussions with US private placement investors to agree covenant relaxations. Group has sufficient liquidity under its existing committed facilities for lockdown scenarios. Decided not to sell Aerostructures business.
Amiad Water Systems (AFS) production is continuing, co focused on ensuring it can deliver to customers, as far as circumstances allow. Too early to assess covid impact on revenue and profitability.
Petards Group (PEG) offices and facilities operating effectively. A train building customer had a 2 week stoppage. "RTS, which provides software solutions and services to support the UK rail network, is actively negotiating a new contract with an existing customer to extend support services for a further four years, which if successful, will result in its budgeted revenue for the year being achieved." No significant supply chain problems. Cash at hand £0.6m, tax credit of £0.5m arriving in a week. £0.75m bank credit renewed for 2 yrs. Customer base comprises blue chip companies, Gov't and its agencies. No guidance.
SpaceandPeople (SAL) has developed a number of products and initiatives to fill vacant retail units with pop up retailers and creating 'enlivenment' [ugh] activity in vacant space. "This will position us at the forefront of the recovery of venue vibrancy [who writes this bollx?] as soon as restrictions are eased." Extra £1m credit line is close.
Notes (do not rely on the data)
BILB: Price=14.5. Cap=9m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Bilby is a holding company. The Company through its subsidiary provides gas heating appliance installation and maintenance services to residential and commercial properties.
LOOK: Price=21.9. Cap=85m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Lookers operates as an automotive retailer & distribution company. The Company along with its subsidiaries is engaged in sale, hire and maintenance of motor vehicles and motorcycles, including the sale of tyres, oil, parts and accessories.
SNR: Price=60.85. Cap=255m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Senior provides engineering solutions. The Company designs, manufactures and markets high-technology components and systems for the original equipment producers in the aerospace, defense, land vehicle, and energy markets.
AFS: Price=240. Cap=54m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Amiad Water Systems is a producer and supplier of water filters and filtration systems. Its systems are used in two key markets, being the industrial market, which includes the municipal, ballast water and oil and gas markets and irrigation market.
PEG: Price=5. Cap=3m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Petards Group is engaged in development, supply and maintenance of technologies used in security, surveillance and ruggedised electronic applications.
SAL: Price=6. Cap=1m. 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.
* 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
Bilby (BILB) guides FY(March) in line with rev at least £59m. Co experiencing delays in accessing certain residential and communal properties to undertake work, councils seeking to defer some jobs. At YE had comfortable covenant headroom.
Lookers (LOOK) new vehicle LFL in Jan, Feb -5%. Sold 7 sites by Dec for £17.6m net. Fraud investigation: £4m identified so far as non-cash charge in 2019. Expects U/L pretax profit in FY19. Too early to make any reasonable estimate of the financial impact of covid in FY20.
Senior (SNR) trading in 3 months to March slightly ahead of mgmt expectations. covid "causing significant disruptions to our end markets and their respective supply chains, with customer demand falling as activity levels have reduced". 17% of staff furloughed. Has agreed bank covenant relaxations for June and Dec and concluding discussions with US private placement investors to agree covenant relaxations. Group has sufficient liquidity under its existing committed facilities for lockdown scenarios. Decided not to sell Aerostructures business.
Amiad Water Systems (AFS) production is continuing, co focused on ensuring it can deliver to customers, as far as circumstances allow. Too early to assess covid impact on revenue and profitability.
Petards Group (PEG) offices and facilities operating effectively. A train building customer had a 2 week stoppage. "RTS, which provides software solutions and services to support the UK rail network, is actively negotiating a new contract with an existing customer to extend support services for a further four years, which if successful, will result in its budgeted revenue for the year being achieved." No significant supply chain problems. Cash at hand £0.6m, tax credit of £0.5m arriving in a week. £0.75m bank credit renewed for 2 yrs. Customer base comprises blue chip companies, Gov't and its agencies. No guidance.
SpaceandPeople (SAL) has developed a number of products and initiatives to fill vacant retail units with pop up retailers and creating 'enlivenment' [ugh] activity in vacant space. "This will position us at the forefront of the recovery of venue vibrancy [who writes this bollx?] as soon as restrictions are eased." Extra £1m credit line is close.
Notes (do not rely on the data)
BILB: Price=14.5. Cap=9m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Bilby is a holding company. The Company through its subsidiary provides gas heating appliance installation and maintenance services to residential and commercial properties.
LOOK: Price=21.9. Cap=85m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Lookers operates as an automotive retailer & distribution company. The Company along with its subsidiaries is engaged in sale, hire and maintenance of motor vehicles and motorcycles, including the sale of tyres, oil, parts and accessories.
SNR: Price=60.85. Cap=255m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Senior provides engineering solutions. The Company designs, manufactures and markets high-technology components and systems for the original equipment producers in the aerospace, defense, land vehicle, and energy markets.
AFS: Price=240. Cap=54m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Amiad Water Systems is a producer and supplier of water filters and filtration systems. Its systems are used in two key markets, being the industrial market, which includes the municipal, ballast water and oil and gas markets and irrigation market.
PEG: Price=5. Cap=3m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Petards Group is engaged in development, supply and maintenance of technologies used in security, surveillance and ruggedised electronic applications.
SAL: Price=6. Cap=1m. 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.
* 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