MrC's Smallcap Sweeps for Oct 2021
Posted: 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
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