MrC's Smallcap Sweeps for Jul 2022
Posted: July 15th, 2022, 7:43 am
Smallcap Sweep. 15-Jul-22
Thirsty Aston Martin burning rubber and cash
Aston Martin Lagonda (AML) huge £650m placing and rights issue at 335p (10% discount) to cut debt and strengthen and accelerate long-term growth. Note SP fell 8% yesterday. Trading in line. [SP=420.8 Cap=490m]
Angle (AGL) 20m placing concluded at 80p, a 14% discount. [SP=93.5 Cap=220m]
Allergy Therapeutics (AGY) guides FY(June) rev £72.8m down 14% on streamlined portfolio. Cost controls have oofset rev fall. "Operating profit pre-R&D for the 2022 year is however expected to be below consensus due to last minute delays of goods in supply chain of £1.4m but this will be offset by lower R&D expenses." [SP=17 Cap=109m]
Novacyt (NCYT) exsig COVID-19 Direct Real-Time PCR test approved in the UK. It "removes the need for manual or automated extraction solutions to significantly improve laboratory workflow and reduce costs". [SP=107.8 Cap=91m]
Town Centre Securities (TOWN) £7.4m tender offer at 185p, a 19% premium. [SP=152 Cap=80m]
DP Poland (DPP) recent LFL LFL) System Sales up 24% in June. Total System Sales up 21%. "I am delighted to see the strong sales performance achieved in the first half." [SP=5.71 Cap=35m]
Avation (AVAP) trading: "following the pandemic as airline travel recovers, there may be a recovery in aircraft valuations". Expects improvemet in cash and liquidity due to "settlement of aircraft sales, re-financing of existing aircraft, collection of the creditor pay-out expected from Virgin Australia and the continued collection of rent arrears". [SP=70.12 Cap=49m]
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
Thirsty Aston Martin burning rubber and cash
Aston Martin Lagonda (AML) huge £650m placing and rights issue at 335p (10% discount) to cut debt and strengthen and accelerate long-term growth. Note SP fell 8% yesterday. Trading in line. [SP=420.8 Cap=490m]
Angle (AGL) 20m placing concluded at 80p, a 14% discount. [SP=93.5 Cap=220m]
Allergy Therapeutics (AGY) guides FY(June) rev £72.8m down 14% on streamlined portfolio. Cost controls have oofset rev fall. "Operating profit pre-R&D for the 2022 year is however expected to be below consensus due to last minute delays of goods in supply chain of £1.4m but this will be offset by lower R&D expenses." [SP=17 Cap=109m]
Novacyt (NCYT) exsig COVID-19 Direct Real-Time PCR test approved in the UK. It "removes the need for manual or automated extraction solutions to significantly improve laboratory workflow and reduce costs". [SP=107.8 Cap=91m]
Town Centre Securities (TOWN) £7.4m tender offer at 185p, a 19% premium. [SP=152 Cap=80m]
DP Poland (DPP) recent LFL LFL) System Sales up 24% in June. Total System Sales up 21%. "I am delighted to see the strong sales performance achieved in the first half." [SP=5.71 Cap=35m]
Avation (AVAP) trading: "following the pandemic as airline travel recovers, there may be a recovery in aircraft valuations". Expects improvemet in cash and liquidity due to "settlement of aircraft sales, re-financing of existing aircraft, collection of the creditor pay-out expected from Virgin Australia and the continued collection of rent arrears". [SP=70.12 Cap=49m]
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