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MrC's Smallcap Sweeps for Oct 2021

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MrContrarian
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MrC's Smallcap Sweeps for Oct 2021

#446833

Postby MrContrarian » October 1st, 2021, 7:33 am

Smallcap Sweep. 01-Oct-21
Skimming the scum off statements

Iomart (IOM) warns FY(Mar 22) below current (mkt?) expectations. Blames higher customer churn and lower hardware reselling and one-off consultancy activity. H1 rev down 8%. [SP=216.5 Cap=237m]
Tintra (TNT) decides most appropriate way of becoming an authorised Electronic Money Institution is through acquisition and has identified a potential target. Gets an offers for lottery administration business. CEO and NED scarper. They are thanked. They left yesterday so why are we told only today? [SP=62.6 Cap=8m]
Byotrol (BYOT) completes sale in Americas of its antimicrobial surface spray to its existing licensee for $1.4m over 2 years max. [SP=4.23 Cap=19m]
Alumasc (ALU) contracts in the Middle East and Far East worth over £3.5m over 1 year. [SP=230 Cap=83m]
St Peter Port Capital (SPPC) shares suspended: as a consequence of the proposed winding up because it does not intend to issue audited financial statements for FY(Mar). [SP=2.4 Cap=2m]
Anglo African Agriculture (AAAP) some shareholders of RTO target Comarco are unwilling to proceed and will repay the loan and interest due to AAA of $1.5m. "The Board of AAA is very aware that this transaction has gone on for far too long and has had a detrimental effect on the share price of the Company. The fact that certain shareholders of Comarco have now decided not to proceed with the transaction is extremely disappointing." [SP=5.8 Cap=1m]

In line: GTLY, GMS
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

read it first on Twitter https://twitter.com/MrContrarian

MrContrarian
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Re: MrC's Smallcap Sweeps for Oct 2021

#447626

Postby MrContrarian » October 4th, 2021, 7:39 am

Smallcap Sweep. 04-Oct-21
The name's Equity, James Equity

French Connection (FCCN) 30p rec offer. [SP=24.16 Cap=23m]
Cerillion (CER) guides FY(Sep) rev slightly ahead of market forecasts and adj pretax significantly higher due to a higher proportion of term licence sales than expected. [SP=800 Cap=232m]
AIQ (AIQ) six moth contract in Australia worth $552k to supply a decentralised finance exchange. Most of the rev falls in FY22. [SP=10.42 Cap=9m]
Brandshield Systems (BRR) credit facility of $2.5m "to continue to drive our ambitious expansion plans". [SP=NA Cap=NA]
Castings (CGS) Q2 rev and profit hit by low conversion rate of forward schedules to actual sales due to supply shortages in truck manufacturing. Margins squeezed by rew material price rises. [SP=356 Cap=155m]
finnCap (FCAP) guides H1(Sep) rev up 55%. Hikes FY guidance to £45-50m. [SP=34 Cap=62m]
Croma Security Solutions (CSSG) guides FY(June) EBITDA ahead of guidance of £1.85m. [SP=85.5 Cap=13m]
AMTE Power (AMTE) JV to build a 200,000 cell micro production line in Australia and ultimately build a Gigafactory to manufacture LiOn cells. [SP=204 Cap=70m]
Quadrise Fuels (QFI) FY(June) pretax loss £4.4m, less than budget due to lockdown cost savings. [SP=3.72 Cap=56m]
Renewi (RWI) guides FY materially ahead of mgmt expectations. [SP=598 Cap=479m]

In line: CBOX, VP.
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
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Re: MrC's Smallcap Sweeps for Oct 2021

#447934

Postby MrContrarian » October 5th, 2021, 7:38 am

Smallcap Sweep. 05-Oct-21
Bond week: No Time to Deal

Idox (IDOX) buys exeGesIS Spatial Data Management for £5.35m + £1.65m earn out. Will be immediately earnings enhancing. [SP=68.8 Cap=306m]
Lamprell (LAM) has agreed, in principle, $45m UAE Export Credit Agency backed revolving trade loan facility with two regional banks. Needed to build 2 jackup rigs. [SP=NA Cap=NA]
Gooch & Housego (GHH) guides FY(Sep) profit lightly ahead of mgmt expectations. Order book up 5%. [SP=NA Cap=NA]
Inland Homes (INL) gets planning for Gardiners Park Village, Basildon with gross development value over £200m. [SP=45.79 Cap=104m]
Pelatro (PTRO) $600k 3 year contract for mViva platform. [SP=41.05 Cap=19m]
ScS (SCS) FY(July) rev as guided, U/L EPS 41.3p (2.6p). FY div 10p. Current trading in line. [SP=270.4 Cap=103m]
MySale (MYSL) FY(June) in line with guidance. Current Q1 GMV up over 50%. [SP=7.5 Cap=66m]
Sportech (SPO) talks on sale of its terrestrial lottery contract extended to 29 Oct. [SP=38.45 Cap=73m]

In line: WIN
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
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Re: MrC's Smallcap Sweeps for Oct 2021

#448208

Postby MrContrarian » October 6th, 2021, 7:39 am

Smallcap Sweep. 06-Oct-21
Bond week: Live & Let DCF

Toople (TOOP) robust order intake during Sept. Gives unnecessary detail on all five but not £££. [SP=0.05 Cap=2m]
Water Intelligence (WATR) wins new channel for American Leak Detection. Worth $m+ over next year it hopes. [SP=1110 Cap=180m]
French Connection (FCCN) FRC investigation into audit of FY20. Highly unusual following a rec offer this week. [SP=29 Cap=28m]
Xaar (XAR) sells stake in Xaar 3D for $12.83m min but up to $33.8m. Blames delays to product development meaning it required more investment than planned. [SP=157.6 Cap=123m]
Lookers (LOOK) guides FY(Dec) U/L pretax materially ahead of mgmt expectations due to super high margins. [SP=60.7 Cap=238m]
Marshall Motor Holdings (MMH) hikes FY U/L pretax guidance to £50m+ from £40m+ due to super high margins and outperforming new car mkt by 11.6%. [SP=208 Cap=163m]
Galliford Try (GFRD) gets seat on £1.6bn local authority framework. [SP=172 Cap=191m]
Topps Tiles (TPT) guides FY(Oct) adj pretax slightly above mkt forecasts. [SP=62.6 Cap=122m]
Manolete (MANO) H1(Sept) in line but salivating like a wolf at expected increased insolvencies. [SP=313.35 Cap=137m]

In line: FSG, AFM, NET
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

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Re: MrC's Smallcap Sweeps for Oct 2021

#448443

Postby MrContrarian » October 7th, 2021, 7:46 am

Smallcap Sweep. 07-Oct-21
Bond week: Greedfinger

SIMEC Atlantis Energy (SAE) delay to decision on permit to convert Uskmouth power station to green fuel. [SP=2.05 Cap=13m]
Headlam (HEAD) CEO scarpers. He is thanked. [SP=479 Cap=408m]
Directa Plus (DCTA) a previously awarded contract for soil decontamination has now become effective. Worth €900k over a year. [SP=127 Cap=78m]
Revolution Bars Group (RBG) trading since July well ahead of mgmt expectations. Rev up 21% on 2019 in England, 17% elsewhere. [SP=22.3 Cap=51m]
Ramsdens (RFX) guides H1(Sept) pretax at least £0.5m. In line? Gold buying remains at c. two thirds of pre-covid levels. FX volume now 30% of pre-covid. [SP=167.95 Cap=53m]
Thruvision (THRU) guides H1(Sept) rev £2m down 57% but flat on prev H. Prev H1 ha a £3m order from US. October rev in Profit Protection expected to be over £1m cf £1m in all of H1. [SP=20.6 Cap=30m]
Robert Walter (RWA) FY profit expected to be comfortably ahead of guidance after Q3 rev up 26% (32% at const FX). [SP=732 Cap=560m]
Pendragon (PDG) hikes U/L pretax guidance for FY(Dec) to £70m from £55-60m. [SP=17.5 Cap=244m]
Fusion Antibodies (FAB) R&D agreement with a US based biotech worth $1.83m min over 2 years. [SP=115 Cap=30m]
Hardide (HDD) guides H2(Sept) rev flat cf H1 despite orders up 52% on H1. Blames deliveries falling into next FY. EBITDA loss will be in line with expectations. [SP=30.55 Cap=17m]
Victorian Plumbing (VIC) guides FY(Sep) adj EBITDA ahead of market expectations despite rev weak in Q4. "Given the widely publicised global supply chain issues that have been affecting many companies, the Group has been proactive in optimising its stock holding going into the new financial year." [SP=240 Cap=780m]
Hyve (HYVE) guides FY(Sept) rev c. £55m. In line? "Q4 has been a very positive step on the road to recovery, with events returning for the first time in the UK and US and exhibitors at many of our events increasing their spend compared to pre-pandemic levels." [SP=110.5 Cap=293m]
Tavistock Investments (TAVI) AGM stmt: confirmation that recent disposal of Tavistock Wealth is tax exempt, saving £7m. NAV 8.5p/sh (March: 2.59p). [SP=4.22 Cap=24m]

In line: SOS, MOTR, SUR
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

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Re: MrC's Smallcap Sweeps for Oct 2021

#448657

Postby MrContrarian » October 8th, 2021, 7:30 am

Smallcap Sweep. 08-Oct-21
Bond week: A View to a Killing

SRT Marine Systems (SRT) guides H1(Sept) rev only £4.7m, pretax loss £3.1m. "Progress with new pending contracts with a value of approximately £71m was as expected and are expected to commence during the second half." That jam jar lid is very tight. The £71m was "very near term" in July! [SP=37.55 Cap=62m]
Totally (TLY) wins £22m of contracts over 6 to 12 months. [SP=34.45 Cap=63m]
Hollywood Bowl (BOWL) 29% LFL rev growth since 17 May, well above mgmt exp. EBITDA margin % (pre IFRS16) in line with FY20, expects return to pre-pandemic levels. [SP=243 Cap=415m]
Ocean Wilsons (OCN) Q3 container volume down 7%. [SP=970 Cap=343m]
Journeo (JNEO) 2 year ramework agreement with Crown Commercial Services. No £££. [SP=113 Cap=10m]
Brighton Pier (PIER) guides FY(June) rev £2m above market expectations due to Business Interruption Insurance claims totalling £5m. Q1 rev up 44% on 2019 (or 30% ahead of 2019 if benefit from the temporary VAT concession is excluded). [SP=52.3 Cap=20m]
Volex (VLX) acquires 2 Canada companies for CAD$22.5m total. Immediately earnings enhancing. [SP=429.5 Cap=681m]


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
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Re: MrC's Smallcap Sweeps for Oct 2021

#449203

Postby MrContrarian » October 11th, 2021, 7:46 am

Smallcap Sweep. 11-Oct-21
Liposuction for bloated briefings

"Spectra Systems (SPSY) guides FY beat after large Centra Bank order.
[SP=148.25 Cap=70m]"
Equals (EQLS) the record start to Q3 has been sustained throughout the remainder of the period. "Underpins the Board's confidence in accelerating momentum and maintaining growth moving into the final quarter of the year." [SP=61 Cap=109m]
Woodbois (WBI) Q3 rev up 41%. Looking at making more acquisitions. Outlook "Strong global demand for sawn timber and corresponding price support for products, the benefits of which are currently being partially offset by the elevated cost of shipping." [SP=4.51 Cap=85m]
Seeing Machines (SEE) Global Framework Agreement with Shell. "Guardian is expected to begin in 2021 but could take several years to fully implement." No $$$. [SP=9.15 Cap=355m]
Science (SAG) expects further upside in FY profitability forecasts. [SP=455 Cap=203m]
Argentex (AGFX) guides H1 rev up 33% and 67% growth in FX turnover to £8.3bn. [SP=98 Cap=111m]
Treatt (TET) guides FY adj pretax in line. Order book is up materially. [SP=1030 Cap=616m]
Good Energy Group (GOOD) guides FY in line despite hike in gas prices. Over 90% hedged for the next 12 months [SP=354 Cap=59m]
Gresham House Strategic (GHS) switches investment mgr to Harwood Capital. Will change name to Rockwood Strategic. [SP=1676 Cap=59m]
Polarean Imaging (POLX) installation of Xenon Polariser system at a Vancouver hospital. [SP=50.5 Cap=106m]

In line: CYAN, IGP, SNR
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
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Re: MrC's Smallcap Sweeps for Oct 2021

#450006

Postby MrContrarian » October 14th, 2021, 7:34 am

Smallcap Sweep. 14-Oct-21
What light through yonder update breaks?

MyCelx (MYX) $1m Middle East contract. Revs mainly in FY22. [SP=33.6 Cap=7m]
Purplebricks (PURP) CFO scarprs end Oct. He is thanked. [SP=58.2 Cap=179m]
Braemar Shipping Services (BMS) in a surprise to hermits everywhere, BMS hikes FY(Feb) U/L op profit guidance by 15%. Also 2p interim div. [SP=245.55 Cap=79m]
XPS Pensions (XPS) now guides higher single digit FY rev growth. "This will be accompanied by some additional investment in headcount and associated costs to drive the Group's mid-term growth." Guides FY 'financial performance' in line. [SP=140 Cap=287m]
ThinkSmart (TSL) will return A$5.6m to holders via divs. [SP=101 Cap=108m]
Diurnal (DNL) distribution and marketing agreement for its of Alkindi and Efmody in Central and Eastern European countries. [SP=60 Cap=101m]
Sabien Technology (SNT) co-operation talks with Proton Technologies Canada. "Sabien is keen to understand the potential for its waste-to-fuel process being deployed in conjunction with Proton's hydrogen production technology." SNT buys £100k if Proton's shares "to demonstrate its confidence in Proton's technology and strategy." Hmm. [SP=24 Cap=3m]
Directa Plus (DCTA) gets additional €0.5m loan covid loan in Italy. [SP=128 Cap=79m]
Norcros (NXR) taps construction boom and guides FY(Mar) U/L op profit significantly ahead of mgmt expectations despite supply chain challenges, increased energy costs etc. [SP=290 Cap=235m]

In line: DNLM
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
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Re: MrC's Smallcap Sweeps for Oct 2021

#450255

Postby MrContrarian » October 15th, 2021, 7:37 am

Smallcap Sweep. 15-Oct-21
Taking arms against a sea of statements

Newmark Security (NWT) increased working capital outlay, higher freight costs and increased component costs have negatively impacted gross margins and cashflows. Making initiatives to improve profitability and cashflows. US demand increasing. [SP=0.9 Cap=4m]
Silence Therapeutics (SLN) proposed AIM delisting. Will leave US listing. Also to collaborate with a China pharma to develop siRNAs for three undisclosed targets leveraging Silence's proprietary mRNAi GOLD™ platform. [SP=527 Cap=473m]
Sensyne Health (SENS) afreement for SENS to access to OMNY Health's platform of more than 22m de-identified patient records. Also will "work together on commercial projects for life science clients to advance and accelerate ethical medical research". [SP=110 Cap=181m]
Electra Private Equity (ELTA) demerged restaurant holding Hostmore to list on 2 Nov. Trading stmt. [SP=594 Cap=232m]
Marwyn Value Investors (NVI) £6.3m will be returned to the Realisation Shareholders from Zegona tender offer. [SP=NA Cap=NA]
Artemis Alpha Trust (ATS) to make a buy back instead of the proposed tender offer because "the liquidity of the portfolio has been transformed, performance has substantially improved and the Trust's popularity and size has grown". [SP=407 Cap=151m]
Iofina (IOF) production in line, iodine price continues to rise. [SP=14.6 Cap=28m]
Loungers (LGRS) significant outperformance of the market has been maintained. LFL sales up 27% in last 20 weeks cf 2019. [SP=290.61 Cap=299m]

In line: CPP
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

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Re: MrC's Smallcap Sweeps for Oct 2021

#450924

Postby MrContrarian » October 18th, 2021, 7:51 am

Smallcap Sweep. 18-Oct-21
The winter of our discount placing

Gusbourne (GUS) guides FY(Dec) rev above expectations (whose?) but adjusted EBITDA loss marginally higher than FY 2020 due to higher planned sales and marketing spend. H1 rev up 63%. Also £2.5m placing & sub at 75p, an eye-stabbing 39% discount. [SP=126 Cap=57m]
Ethernity Networks (ENET) $3m contract in China for FPGA-based 1G/10G PON OLT SoCs which as I don't need to tell you is a field-programmable gate array based Gigabit Passive Optical Networking Optical Line Termination System-on-chip. [SP=34 Cap=23m]
Belluscura (BELL) another distributor for its maiden FDA cleared portable oxygen concentrator. [SP=89.95 Cap=99m]
IXICO (IXI) guides FY(Sep) rev £9.2m, above market expectations of £8.7m and EBITDA materially ahead of market expectations of £1.2m. Outlook "Benefiting from a strong order book, and an improving business outlook resulting from the initiation of new neuroimaging clinical trials during the 2022 financial year, the Company expects a return to revenue growth, albeit at a lower rate than recent historical levels". [SP=84.5 Cap=41m]
CentralNic (CNIC) Q3 rev up 29% organic and adjusted EBITDA of at least $32m. Guides FY comfortably at or above the upper end of market expectations. [SP=112 Cap=280m]
Stagecoach (SGC) PUSU offer deadline extended to 16 Nov. [SP=82.2 Cap=453m]
Cloudcoco (CLCO) I always read this as cloud-cookoo. Guides FY(Sep) rev marginally up and trading EBITDA (what is that?) over £700k, in line with market expectations. Was rev in line? [SP=1.57 Cap=11m]
Benchmark (BMK) guides FY(Sep) adj EBITDA significantly ahead of market expectations of £15.9m. [SP=56.02 Cap=382m]
Live Company (LVCG) Formula-E race in Cape Town cancelled. [SP=3.68 Cap=5m]
Tristel (TSTL) FY rev as per trading stmt. Outlook "For the first time in eighteen months, we look forward confidently to a resumption of our normal predictable pattern of business and a return to our growth trajectory". [SP=516.75 Cap=244m]
Bioventix (BVXP) FY(June) rev up 6% but pretax down 1%. Troponin rev doubled but still small at £0.68m. Outlook "timing of a return to normality is uncertain but when it does, we expect our business will revert to an established trajectory, albeit without the income from NT-proBNP which ceased from July". [SP=3900 Cap=204m]

In line: MIND
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
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Re: MrC's Smallcap Sweeps for Oct 2021

#451157

Postby MrContrarian » October 19th, 2021, 7:29 am

Smallcap Sweep. 19-Oct-21
McSlide fried on supply side

Oxford Metrics (OMG) guides FY(Sep) rev c. £35.7m and adj pretax c. £4.6m, 'stronger than expected outturns'. [SP=110 Cap=140m]
McBride (MCB) warns H1 EBITA loss of up to £10m as "raw material and packaging costs have moved faster and to a higher level than previously expected. In addition, the shortage of haulage capacity and higher fuel costs has continued to substantially inflate distribution costs." Trying to raise prices again. No FY guidance. [SP=69.53 Cap=121m]
Wise (WISE) Q2 transfers £18bn, up 10% on Q1. Dropped prices faster than planned, Guides FY2022 gross margin c. 65-67% (62%). [SP=922 Cap=9170m]
Feedback (FDBK) pilot scheme with Sussex Integrated Care System to install Bleepa and CareLocker in Community Diagnostic Centres. [SP=0.8 Cap=9m]
ASA International (ASAI) a 'can't see the wood for the trees' update. [SP=130 Cap=129m]

In line: D4T4
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

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Re: MrC's Smallcap Sweeps for Oct 2021

#451495

Postby MrContrarian » October 20th, 2021, 7:46 am

Smallcap Sweep. 20-Oct-21
The Taming of the Scoop

Filtronic (FTC) $0.8m contract for over-the-air 5G mmWave modules. It broadens the customer base and addresses an adjacent market. Rev predominantly recognised in FY23. [SP=11 Cap=24m]
Arena Events (ARE) rec offer of 21p, a 48% premium. [SP=14.2 Cap=46m]
Synairgen (SNG) inhaled interferon beta (SNG001) is advancing to Phase 3 of COVID-19 Trial. [SP=147 Cap=296m]
Accrol (ACRL) guides FY(Apr 22) rev growth 25% and adj EBITDA up 20% as cost increase and drive shortage limits growth. [SP=46 Cap=147m]
IDE Group (IDE) concludes sale talks of its liability IDE Group Connect and Nimoveri with offer of £250k. Funded by a 5 year loan note to CloudCoCo. Also provides working capital facility of up to £500k, convertible into new ordinary shares of CloudCoCo at 1p per share if not repaid by October 2022. Desperate or what? [SP=1.44 Cap=7m]
Gresham House Strategic (GHS) hair pulling in the High Street with GHE. [SP=1805 Cap=63m]
Mast Energy Developments (MAST) signs Term Sheet (due diligence) to fund the development and construction of the Company's two owned Reserve Power projects currently in development. [SP=11.75 Cap=22m]
Metro Bank (MTRO) trading - sounds in line. [SP=116.4 Cap=201m]
ActiveOps (AOM) guides H1 rev in line, adj EBITDA breakeven, better than mgmt exp. [SP=177.8 Cap=127m]
System1 (SYS1) guides H1(Sep) rev up 22%, adj pretax £1.3m. In line? [SP=250 Cap=32m]
Real Good Food (RGD) AGM stmt: H1 rev up 0.7% of 2019, EBITDA £0.5m (2019: -£0.2m). Guides £0.3m hit to FY profit from higher freight costs. [SP=2.3 Cap=2m]
Alphawave IP (AWE) Q3 bookings $23.2m cf H1 run rate of $98m/Q. Co "expects to maintain the strong momentum into Q4." But Q3 was terrible! [SP=261.57 Cap=1730m]

In line: ARBB, SRC
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

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Re: MrC's Smallcap Sweeps for Oct 2021

#451497

Postby kempiejon » October 20th, 2021, 7:55 am

How could I have missed this from Monday?
MrContrarian wrote:Ethernity Networks (ENET) $3m contract in China for FPGA-based 1G/10G PON OLT SoCs which as I don't need to tell you is a field-programmable gate array based Gigabit Passive Optical Networking Optical Line Termination System-on-chip. [SP=34 Cap=23m]


of course we all know that but nice to have the reminder.

Ta

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Re: MrC's Smallcap Sweeps for Oct 2021

#451873

Postby MrContrarian » October 21st, 2021, 7:41 am

Smallcap Sweep. 21-Oct-21
Umuthi, worst listing of the year?

Umuthi Healthcare Solutions (UHS) missed FY targets. Significant going concern doubt but trying to secure financing from shareholders and is confident of the viability of the Company. Update on reasons for some holders not being able to trade all of their shares. CFO resigns "giving the Company an opportunity to seek a more suitable candidate based in the UK". LOL. Remains suspended. Listed only 7 months ago! [SP=38 Cap=NA]
Sensyne Health (SENS) gets European regulatory certification (inc UK) for 'Test-To-Go' COVID-19 antigen testing system powered by Sensyne's MagnifEye. "This is a major scientific achievement and, we believe, a world first in developing a regulated software application using state of the art AI to enhance the accuracy of lateral flow testing and reporting." [SP=102.5 Cap=169m]
Water Intelligence (WATR) guides FY(Dec) profit at the upper end of analyst estimates after strong Q3. [SP=1140 Cap=185m]
PCF (PCF) review bumps FY20 impairment up by £6m. Co "has sold the majority of these defaulted receivables to a specialist debt purchaser. As part of that strategy, going forward it is envisaged that periodic smaller sales of defaulted receivables will now be undertaken." [SP=23.8 Cap=60m]
Tekmar (TEK) cost pressure and reduced volume cuts FY(sep) guidance to rev £46m and adj EBITDA loss c. £1.2m. "Expects the profitability from the size and nature of contract mix to improve in the current financial year." [SP=34.2 Cap=45m]
Tintra (TNT) sale of the lossmaking Lottery Administration Business will be for £0.25m to £0.6m. [SP=96.6 Cap=12m]
Alumasc (ALU) AGM stmt "cost increases have largely been accepted by customers but discourage certain projects from commencing... [but] remains confident of another strong year and trading continues in line with the Board's expectations." [SP=237.5 Cap=86m]
Gulf Marine Services (GMS) wins a 1 year contract for for an E Class vessel and a client has exercised a two-year option, with an S Class Vessel. [SP=5.8 Cap=59m]

In line: LUCE, SOLI, STB, ATQT, TRI, DRV
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

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Re: MrC's Smallcap Sweeps for Oct 2021

#452149

Postby MrContrarian » October 22nd, 2021, 7:36 am

Smallcap Sweep. 22-Oct-21
Picking pearls out of smallcap slurry

SmartSpace Software (SMRT) guides FY(Jan) rev at least £5.2m and adjusted EBITDA loss £2.7m max. "Board had expected sales of Naso to accelerate in the autumn, however this has not been reflected in September sales or initial indications for October." Blames more gradual return to the office. [SP=94.26 Cap=27m]
Guild Esports (GILD) terminates the three-year sponsorship deal with a European fintech co (announced a year ago) following delays in the sponsor's launch no payments made. [SP=4.3 Cap=22m]
InnovaDerma (IDP) delays audited FY results due to covid. Financial are unchanged from prelims and current trading is in line. [SP=35.25 Cap=10m]
Zytronic (ZYT) guides H2 rev up 44% from H1, groos margin up 600bps. Guides FY(Sep) EBITDA c. £1.5m, op profit c. £0.5m. [SP=169.6 Cap=19m]
Cizzle Biotechnology (CIZ) a charity awards an R&D agreement worth up to £1m for potential autoimmune disease testing and possible additional companion diagnostics. [SP=4.1 Cap=10m]
SIG (SHI_ guides FY(Dec) U/L op profit ahead of market exp. Cites UK Distribution performance. [SP=NA Cap=NA]
Starcom (STAR) lots of sales talks but ink not flowing on contracts. H2 rev still exp to be above H1. £450k placing planned due to higher cost, shipping delays. [SP=0.91 Cap=3m]
Global Invacom (GINV) gets European Space Agency funding towards developing a low-cost Ka-band user terminal and a larger enterprise solution. Not material to EPS. [SP=7.8 Cap=26m]

In line: NEXS
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
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Re: MrC's Smallcap Sweeps for Oct 2021

#452815

Postby MrContrarian » October 25th, 2021, 7:31 am

Smallcap Sweep. 25-Oct-21
Gone With The Warning

Lamprell (LAM) wins 'medium-sized' ($6-50m) order for a rig conversion. [SP=36 Cap=123m]
Allergy Therapeutics (AGY) positive top line results from G309 exploratory field trial of Grass MATA MPL for hayfever. [SP=33 Cap=212m]
7digital (7DIG) £1m of new contracts, majority recognised in 2022. [SP=0.53 Cap=14m]
Nightcap (NGHT) rev ahead of management's expectations. [SP=16.74 Cap=31m]
James Fisher (FSJ) guides FY U/L op profit only £27-32m amid a sea of troubles. Bad debt up. [SP=784 Cap=395m]
Biome Technologies (BIOM) large-scale field testing and initial commercial sales by Suregreen of biodegradable tree shelters using Biome's bioplastics. [SP=406.9 Cap=15m]
OptiBiotix Health (OPTI) SlimBiome approven in Canada. [SP=47.03 Cap=41m]
Latham James (LTHM) makes £4m acquisition at 8x EBITDA. [SP=1172.44 Cap=233m]


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
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Re: MrC's Smallcap Sweeps for Oct 2021

#453085

Postby MrContrarian » October 26th, 2021, 7:33 am

Smallcap Sweep. 26-Oct-21
Gene Genie

Yourgene Health (YGEN) guides H1(Sept) rev £17.5m, ahead of previous guidance of at least £15m. Expects adj EBITDA c. £2m. Cites Genomic Services rev up 260% to £10.5m, driven by COVID-19 testing. [SP=14.79 Cap=107m]
Cambridge Cognition (COG) £600k contract over 3 years for a schizophrenia clinical trial. [SP=133 Cap=41m]
IG Design (IGR) warns FY(Mar) earnings significantly below market expectations, with the cost and supply chain headwinds continuing into FY23. H1 rev up 11%, below mgmt exp due to supply problems and guides FY op margin 175-225 lower. [SP=460 Cap=447m]
Empresaria (EMR) guides FY(Dec) net fee income £57m-£59m and adjusted pretax £7.4m-£7.9m (9% to 16% above market consensus). [SP=85.15 Cap=42m]
Studio Retail (STU) guides H1(Sep) rev up marginally and 38% on 2019. "Studio is in a strong stock position ahead of the peak with inventory levels approximately 10% ahead of last year" dur to early buying and additional charter ships. [SP=253 Cap=220m]
Kromek (KMK) up to $17m US contract over 7 years. [SP=15.2 Cap=66m]

In line: FRAN
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

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Re: MrC's Smallcap Sweeps for Oct 2021

#453459

Postby MrContrarian » October 27th, 2021, 7:38 am

Smallcap Sweep. 27-Oct-21
Still foggy on the beach

On the Beach (OTB) trading still so bad that no rev figs given. "Given the continued level of short term uncertainty, it would not be appropriate to provide any financial guidance for FY22." [SP=337.5 Cap=558m]
Barkby (BARK) guides H1(Dec) rev c.£11m up 41%. EBITDA c.£1.5m (-£1.2m). In line? "I am delighted to report that our pub business has enjoyed a record quarter, in terms of revenue and profit, with the Group benefitting from pent up demand and a UK staycation boom. Activity within the property development business has continued to recover." [SP=19.8 Cap=27m]
accesso Technology (ACSO) guides FY rev at least $124m after strong trading. Also cash EBITDA margin over 20%. [SP=860 Cap=356m]
DP Eurasia (DPEU) guides FY adj EBITDA slightly ahead of market expectations. [SP=91.4 Cap=132m]
ULS Technology (ULS) guides H1(Sep) rev up 45%. U/L pretax loss lower than expected at c.£1.5m. CEO is the splendidly named Jesper With-Fogstrup. [SP=70.3 Cap=46m]
Coral Products (CRU) AGM stmt - H1 very strong in spite of a disappointing contribution from Global One Pak. In line though? [SP=15.32 Cap=12m]
Vianet (VNET) guides H1(Sep) rev up 55%, slightly above mgmt expectations. Expect to reinstate div in July. [SP=93 Cap=27m]

In line: KYGA, RCN, HSP, RPS
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
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Re: MrC's Smallcap Sweeps for Oct 2021

#453764

Postby MrContrarian » October 28th, 2021, 7:45 am

Smallcap Sweep. 28-Oct-21
News, Gangnam Style

Frontier IP (FIPP) Professor Dame Julia King, Baroness Brown of Cambridge DBE FREng FRS appointed NED. You'd think she'd be satisfied with being King. [SP=122.48 Cap=67m]
PPHE Hotel (PPH) Q3 strong recovery in average room rates to 87% of 2019 levels, reflecting rate focused strategy. Gradual improvement in occupancy. Encouraged by improving demand into Q4. [SP=1350 Cap=574m]
Hunting (HTG) warns FY EBITDA broadly breakeven. Blames covid, Hurricane Ida. "The recent IEA forecast for demand for oil and natural gas further underscores our belief that we are in the early stages of a strong, multi-year recovery that, although slow and steady in Q3 and likely Q4, will accelerate in 2022." [SP=191.2 Cap=315m]
Checkit (CKT) contract with BP to rollout its intelligent operations platform to a further 441 forecourts within Australia and New Zealand. Starts 2022. Hopes for more. No £££. [SP=46.78 Cap=29m]
React (REAT) guides FY(Sep) rev up 77% but adj EBITDA £725k - 775k cf f/c £850k. [SP=2.25 Cap=11m]
Various Eateries (VARE) rev up 21% against 2019 since 17 May at Coppa Club. Tavolino lagging with LFL only positive in Sept. 'Very encouraging' but is that in line? [SP=77 Cap=69m]
Foxtons (FOXT) Q1-3 rev 'strong' - well ahead yoy and on 2019. Letting rev up 28%, sales rev up 114% on 2020. [SP=48 Cap=154m]
Cloudbreak Discovery (CDL) FY(June) accounts delayed. Two month extension. [SP=2.05 Cap=8m]
Myanmar Strategic (SHWE) to change name to Asia Strategic which is much less toxic. [SP=12.95 Cap=31m]
Equals (EQLS) completes on-off deal worth £1.5m on rev. [SP=66 Cap=118m]

In line: FTC, SPEC
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

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Re: MrC's Smallcap Sweeps for Oct 2021

#453771

Postby SwissPaul » October 28th, 2021, 8:29 am

Mr C
you only caught the second announcemnt on FIPP. The main meat was:
Fair value of our equity portfolio increased by 64% to £31,982,000 (2020: £19,444,000)
· Profit before tax increased by 145% to £10,242,000 (2020: £4,184,000)
· Total revenue and other operating income increased by 99% to £12,668,000 (2020: £6,377,000) -reflecting the net unrealised profit on the revaluation of investments of £12,306,000 (2020: £5,973,000)
· Revenue from services decreased by 10% to £362,000 (2020: £404,000)
· Basic earnings per share increased to 17.47p (2020: 8.76p)
· Cash balances at 30 June 2021 of £1,992,000 (2020: £2,968,000)
· Net assets per share as at 30 June 2021 of 69.8p (2020: 51.0p)

Post period end, first portfolio company IPO - Exscientia listed on Nasdaq Global Select Market raising gross proceeds of approximately $304.7 million through a public offer and a further $160 million through private placements with SoftBank and the Bill & Melinda Gates Foundation, with a value of $2.9 billion.

Did I say I hold :P


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