MrC's Smallcap Sweeps for Feb 2021
Posted: February 1st, 2021, 7:57 am
Smallcap Sweep. 01-Feb-21
Bidstack (BIDS) guides FY(Dec) rev c.£1.7m, above mkt exp. Pretax c. -£7.18m (-£5.6m). Warns "the pandemic may well result in a further lengthening of sales cycles. To address this, Bidstack's strategy will be to concentrate on the appropriate implementation of its technology even if this is at the expense of some short term opportunities." [SP=10.75 Cap=42m]
Tracsis (TRCS) new CFO today. Outgoing is thanked. [SP=650 Cap=190m]
Avacta (AVCT) AffyXell Therapeutics JV gets $7.3m VC funding. [SP=123 Cap=311m]
Iconic Labs (ICON) gets termination notice for mgmt of JOE Media and TheLondonEconomic businesses citing today's resignation of the senior management team of John Quinlan, Sam Asante and Liam Harrington. This is the most significant proportion of co's rev. JOE media termination immediate effect. [SP=0.01 Cap=2m]
Remote Monitored Systems (RMS) commissioning of anti-viral mask manufacturing machine delayed because the engineers have caught guess what? Covid. [SP=2.45 Cap=49m]
Zytronic (ZYT) Tender Offer at 145p, a 14% premium, to return up to £10m. [SP=135 Cap=22m]
Hardide (HDD) £775k min placing at 30.9p, a 5% discount. Needed in case oil mkt demand slow to recover. [SP=31 Cap=16m]
Sportech (SPO) sells Bump Worldwide for c. £5.7m including c.£1.1m earn out. [SP=27.6 Cap=52m]
DX (DX.) guides FY(July) adj pretax materially above market expectations after strong H1. Cites strong progress at DX Freight, [SP=35.5 Cap=204m]
Netcall (NET) guides H1 rev up 9% and adj EBITDA up 38%, comfortably in line with management expectations. [SP=57.5 Cap=85m]
IDE (IDE) guides FY(Dec) rev £23.6m down 16% and adj EBITDA £0.5m (£1.1m). In line implied. Cost savings to come though this FY. [SP=2.25 Cap=9m]
Venture Life (VLG) guides FY(Dec) rev up 49% and adj EBITDA over double. In line? "The significantly increased revenues and higher prevalence of revenues from the VLG Brands in the year have contributed to improving gross margin, as expected. Revenues from the newly acquired PharmaSource business were ahead of 2019, and a number of planned synergies have already been achieved." [SP=87 Cap=109m]
Parity (PTY) wins 3-6 year contact worth up to £5m from Scotland. [SP=9 Cap=9m]
Staffline (STAF) guides FY(Dec) U/L op profit marginally ahead of expectations. "Board continues to evaluate its options in relation to strengthening the Group's finances." [SP=55.5 Cap=38m]
Totally (TLY) 1 year contract extensions worth c. £16.8m [SP=32 Cap=58m]
Air China (AIRC) RNS called 'Profit Warning'. How refreshing. Guides FY(Dec) loss RMB13.5bn to RMB15.5bn. [SP=0 Cap=112667m]
In line: RWI, SEE
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
Bidstack (BIDS) guides FY(Dec) rev c.£1.7m, above mkt exp. Pretax c. -£7.18m (-£5.6m). Warns "the pandemic may well result in a further lengthening of sales cycles. To address this, Bidstack's strategy will be to concentrate on the appropriate implementation of its technology even if this is at the expense of some short term opportunities." [SP=10.75 Cap=42m]
Tracsis (TRCS) new CFO today. Outgoing is thanked. [SP=650 Cap=190m]
Avacta (AVCT) AffyXell Therapeutics JV gets $7.3m VC funding. [SP=123 Cap=311m]
Iconic Labs (ICON) gets termination notice for mgmt of JOE Media and TheLondonEconomic businesses citing today's resignation of the senior management team of John Quinlan, Sam Asante and Liam Harrington. This is the most significant proportion of co's rev. JOE media termination immediate effect. [SP=0.01 Cap=2m]
Remote Monitored Systems (RMS) commissioning of anti-viral mask manufacturing machine delayed because the engineers have caught guess what? Covid. [SP=2.45 Cap=49m]
Zytronic (ZYT) Tender Offer at 145p, a 14% premium, to return up to £10m. [SP=135 Cap=22m]
Hardide (HDD) £775k min placing at 30.9p, a 5% discount. Needed in case oil mkt demand slow to recover. [SP=31 Cap=16m]
Sportech (SPO) sells Bump Worldwide for c. £5.7m including c.£1.1m earn out. [SP=27.6 Cap=52m]
DX (DX.) guides FY(July) adj pretax materially above market expectations after strong H1. Cites strong progress at DX Freight, [SP=35.5 Cap=204m]
Netcall (NET) guides H1 rev up 9% and adj EBITDA up 38%, comfortably in line with management expectations. [SP=57.5 Cap=85m]
IDE (IDE) guides FY(Dec) rev £23.6m down 16% and adj EBITDA £0.5m (£1.1m). In line implied. Cost savings to come though this FY. [SP=2.25 Cap=9m]
Venture Life (VLG) guides FY(Dec) rev up 49% and adj EBITDA over double. In line? "The significantly increased revenues and higher prevalence of revenues from the VLG Brands in the year have contributed to improving gross margin, as expected. Revenues from the newly acquired PharmaSource business were ahead of 2019, and a number of planned synergies have already been achieved." [SP=87 Cap=109m]
Parity (PTY) wins 3-6 year contact worth up to £5m from Scotland. [SP=9 Cap=9m]
Staffline (STAF) guides FY(Dec) U/L op profit marginally ahead of expectations. "Board continues to evaluate its options in relation to strengthening the Group's finances." [SP=55.5 Cap=38m]
Totally (TLY) 1 year contract extensions worth c. £16.8m [SP=32 Cap=58m]
Air China (AIRC) RNS called 'Profit Warning'. How refreshing. Guides FY(Dec) loss RMB13.5bn to RMB15.5bn. [SP=0 Cap=112667m]
In line: RWI, SEE
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