MrC's Smallcap Sweeps for Sept 2020

[MrContrarian]

Smallcap Sweep. 29-Sep-20


ScS (SCS) FY(July) rev down 20%, pretax -£3.1m (+£1.7m), U/L EPS 2.6 (30.3). Trading: continued to exceed mgmt exp with LFL order intake up 46% in recent 9 weeks. [SP=220 Cap=84m]
FireAngel Safety Technology (FA.) H1(June) rev down 21%, pretax -£3m (-£3.6m). Guides positive EBITDA and improved gross margins in H2 but lockdowns may hurt. [SP=13.2 Cap=17m]
Synairgen (SNG) Clinigen signs agreement to launch a Managed Access Program for co's inhaled formulation of interferon beta, which is still in Phase II trial. [SP=162.5 Cap=243m]
Novacyt (NCYT) has launched a test for the detection of IgG antibodies to covid derived from plasma and serum samples. What about the other two antibodies? [SP=467.5 Cap=364m]
Toople (TOOP) AGM stmt. Aug returned to more normal conditions with DMSL business rev up 14% LFL. [SP=0.08 Cap=3m]
AA (AA.) PUSU offer deadline extended to 27 Oct. [SP=29.4 Cap=183m]
IXICO (IXI) >£2m contract extension for Huntington's disease study. "This contract does not have significant impact on management's expectations of performance for the coming year, but will contribute to the Company's already strong order book for next year." [SP=82.48 Cap=39m]
Mirada (MIRA) commercial launch in Spain of Zapi, a new OTT-based Pay TV platform developed by Mirada. Works on laptops, mobile devices and Android TV set top boxes. Guides at least 600k subscribers over time. No £££. [SP=70 Cap=6m]
Westminster Group (WSG) appropriately wins contract to replace and maintain security screening equipment at the Houses of Parliament. Worth up to £1.8m over 5 years. [SP=6.89 Cap=11m]
Avingtrans (AVG) wins £36m HS2 contract with most of the rev in 2025-30. [SP=249.99 Cap=79m]
Appreciate (APP) billings down 18% in Aug, 10% up in Sept. YTD -31%. Redemption rates have seen similar improvements. [SP=24 Cap=45m]
Synectics (SNX) warns that H2 recovery in its largest market sector, casinos and gaming, now unlikely to take place. Other divisions largely in line with mgmt exp. [SP=127.29 Cap=23m]
PV Crystalox Solar (PVCS) delists today. [SP=30.2 Cap=1m]
Chamberlin (CMH) delays FY accounts to late Oct. Guides FY(Mar) rev down 21%, pretax -£2.3m (-£5m). Guides H1(Sept) rev down 14%. "Despite current levels of activity in the Walsall foundry being relatively high, the outlook for a number of the key markets, particularly across the automotive sector, remains uncertain." [SP=12.34 Cap=1m]

In line: AMGO, INCE
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]

Smallcap Sweep. 30-Sep-20


M&C Saatchi (SAA) FY(Dec) audit will miss Sept deadline so shares suspended from Oct 1. Unaudited results: rev up 2%, pretax -£8.6m (-£6.3m). Trading: co has continued to trade well and profitably since Aug update. [SP=57.6 Cap=66m]
AFH Financial (AFHP) guides FY EBITDA to be slightly below its previous expectations.. Co continued to be profitable and cash generative throughout the summer. Ongoing management fees returned to anticipated levels but recovery in new business written by the wealth management division and the associated inflow of new funds has been slower than anticipated [SP=326 Cap=140m]
Altitude (ALT) delays FY(Mar) to Oct. Guides 15 month rev £8m (prev 12 months £2.9m). Aug cash £1.6m in line. Trading: Aug: market transactional vol down 26%, only 300bp better than July. "The slower rate of improvement in August has tempered industry expectations for a V shaped recovery and whilst August may be indicative of a longer and slower climb" [SP=14 Cap=10m]
Pressure Technologies (PRES) wins contact for over £3m frm EDF Energy. Dreadnought submarine order - rev for 2nd boat delayed into next FY. Now guides FY loss. [SP=65 Cap=12m]
Studio Retail (STU) guides FY adj op profit (cont) ahead of mgmt expectations. "Primary business, Studio, has seen a continuation of its strong retail trading performance in the early weeks of its new Autumn/Winter season, with kidswear, gifting and early Christmas ranges performing particularly strongly." [SP=232 Cap=201m]
Genedrive (GDR) gets South Africa approval for its 96 SARS-CoV-2 Kit. [SP=104.5 Cap=54m]
Integumen (SKIN) wins first US detection agreement. $500k 3-year Great Lakes water contamination detection Project. [SP=34 Cap=38m]
Topps Tiles (TPT) Q3 retail rev up 16.5% but commercial sector has been rebuilding more slowly. Ups guidance to modest FY adjusted pretax. [SP=52.2 Cap=102m]
Symphony (SIHL) June NAV per share $0.6216 (Mar: $0.6043). SP was 51% below NAV in June. [SP=0.29 Cap=150m]
AdEPT Technology (ADT) AGM stmt: new order intake, project delivery, cash collection and operational effectiveness provide encouragement but no interim div. [SP=235 Cap=59m]

In line: BWNG
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