MrC's Smallcap Sweeps for Apr 2022

[MrContrarian]

Smallcap Sweep. 28-Apr-22
An iron maiden for reluctant RNSs

M&C Saatchi (SAA) PUSU deadline now 10 May. [SP=177 Cap=216m]
Ten Lifestyle (TENG) contract extension, amount included in existing growth plan. [SP=63 Cap=53m]
Robinson (RBN) mooted property sale confirmed. £2.5m, £1.5m over book, but co will spend £600k to relocate production. [SP=79 Cap=13m]
Appreciate (APP) guides FY(Mar) billings up 6%, adj pretax ahead of market expectations of £6.8m to £7.5m. CFO leaves end July. [SP=24.7 Cap=46m]
Vp (VP.) hoists for sale board as 50% holder wants to sell. No talks yet. [SP=820 Cap=329m]
In The Style (ITS) guides FY(Mar) rev £57.3, marginally ahead of the guidance. Adj EBITDA margin will be in line with that guidance at 1%. "Whilst macroeconomic pressures are expected to persist over the coming months, the Group's strong brand proposition and resulting pricing power has partially mitigated the impact of cost inflation." [SP=88 Cap=46m]
Cellular Goods (CBX) files patent application for use of cannabinoids for skin brightening. May not be granted of course. [SP=2.51 Cap=13m]
International Personal Finance (IPF) Q1 'good' credit issued growth of 10%. "We expect to deliver good credit issued growth for the year." [SP=92.5 Cap=206m]
Smoove (SMV) guides FY(Mar) op result and cash significantly better than management expectations. Rev up 12%. Outlook: "We continue to see strong trading demand for our flagship eConveyancer brand...The Company will over the coming months roll out future versions of Smoove Start to the wider market." [SP=70.99 Cap=46m]
Vianet (VNET) guides FY(Mar) rev up 55%, op profit £2.2m (in line with market expectations). Will delay reinstating dividend until clarity on semi-conductor supply. [SP=91.66 Cap=26m]
Devro (DVO) YTD high single digit constant currency revenue growth. "Further inflationary headwinds and in response continues to achieve targeted price increases and to maintain tight cost management...expect to continue to make good progress in 2022." [SP=213 Cap=356m]
SIMEC Atlantis Energy (SAE) no longer pursuing plans for the Uskmouth Conversion Project. Will sell surplus plant and equipment. Will proceed with Battery Energy Storage System there. [SP=2.25 Cap=16m]
Merit (MRIT) (was Dods) guides FY(Mar) ahead of market expectations with rev up 10% and adj EBITDA £2.8m. "Encouraged by the improvement in its revenue during the year and expects to build on this." [SP=43 Cap=11m]

In line: RCN, CREO, KYGA, CKT, NEXS, LIB, APTD
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. 29-Apr-22
Geeing up the CIty's pantomime horse.

M&C Saatchi (SAA) pretax guidance for FY22: £31m, FY23 £41m. [SP=179 Cap=219m]
Aukett Swanke (AUK) sells John R Harris & Partners for c. £1.1m. £161k is deferred. John R Harris made a loss of £162k in FY21. [SP=1.51 Cap=2m]
AO World (AO.) guides FY(Mar) 'resilient' with rev down 6% on FY21 and up 52% on FY20. Adj EBITDA c.£8m. Blames lower sales and higher costs, driver shortages and significantly higher marketing costs in Germany. Outlook cautious, will focus on cash generation. [SP=87.4 Cap=419m]
Gulf Marine Services (GMS) wins 2 year contract for a smaller ship. [SP=6.4 Cap=66m]
SIG (SHI) guides FY significantly ahead of previous expectations (whose?) U/L op margin 3% and +ve FCF. Lasy Q LFL rev up 27%. [SP=36.75 Cap=434m]
Nightcap (NGHT) Q3 LFL rev up 28% on 2019. CEO is 'delighted'. [SP=18.66 Cap=36m]
M. P. Evans (MPE) notes updated announcement by Indonesia to temporarily ban exports of palm oil from 28 April, to protect domestic supply. Length of ban unknown. Local demand for palm oil is expected to increase significantly for a short time over the Lebaran festival. [SP=930 Cap=516m]
Carclo (CAR) guides FY(Mar) rev head of, and underlying profits in line with, its expectations. "Whilst the impact of raw material cost increases can largely be passed on to customers (albeit with some time lag) the overall impact of these increases reduced margins in the second half particularly in the US." Plans further significant investment in capability and capacity. Outlook "margin pressures that have been experienced in the CTP division in H2 are expected to continue...it is anticipated that trading in the early months of FY 2023 will remain challenging". Aerospace division strong. [SP=27.9 Cap=20m]
Catenae Innovation (CTEA) remains suspended as it completes FY(Sep) accounts. The dispute with certain shareholders of Hyperneph Software, the 51% owned subsidiary, remains outstanding. [SP=0.29 Cap=1m]
Crystal Amber (CRS) NAV 164.8p/sh up 15% in Q or 22% inc 10p div. [SP=120.26 Cap=100m]


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

[Hallucigenia]

I've been catching up with some of the oily RNS's after being away and there's been some doozies this week, the pettier the better.

Lekoil (LEK) are a Nigerian oil company that's been having a gloriously public lawsuit with their founder and former CEO. At first I couldn't work out why they'd released an RNS just to announce a typo in an RNS from two weeks previously, I couldn't see it as it's only 1 letter but then I realised why m'learned friends might have required a correction :
"The Company confirms that it has received professional advice that the EGM can proceed notwithstanding the injunction b*r*ought by Lekoil Nigeria"

Companies are scrambling to replace Arden as Nomad since they are being acquired by Ince Group but Ince failed to get authorised as a Nomad. I suspect it was a replacement doing their due diligence that noticed that Arden missed 20 shares from the Admission Document of Arrow Exploration (AXL) last year. This is basic stuff.

Egdon Resources (EDR) made an equally basic error but in the headlines of their interims on Tuesday - their results were great, but not that great :
The following amendments have been made to the 'Interim Results for the Six Months Ended 31 January 2022' announcement released on 26 April 2022 at 7:00am :
'Production during the period increased by 116% to 36,714 barrels of oil equivalent ("boe") equating to 200 boe per day ("boepd") (H1 2021: 16,928 boe and 92 boepd)' instead of an increase of 156% to 43,420 boe equating to 205 boepd. This earlier figure having included the production for February 2022 in error.'
' The average realised price per barrel of oil equivalent was 178% higher at $93.81/boe (H1 2021: $33.81/boe)' instead of an average realised price per boe of 135% higher at $79.32/boe.