MrC's Smallcap Sweeps for Sep 2023
Posted: September 1st, 2023, 7:39 am
Smallcap Sweep. 01-Sep-23
Wood rot for holders of Accsys
EnSilica (ENSI) gets $2.4m follow-on contract with majority booked this FY. [SP=66.9 Cap=52m]
Accsys Technologies (AXS) warns FY-Mar rev below current market expectations and EBITDA likely to be significantly below. Blames weak mkt and destocking. Cost cuts. [SP=97 Cap=212m]
Verditek (VDTK) £500k subscription at 0.45p, a 40% discount, to keep the lights on. [SP=0.7 Cap=3m]
Colefax (CFX) tender to buy up to 14% of cap. Price is lower of: (i) 700p or (ii) 105% of the average SP on five days immediately preceding the Take-up Announcement Date. 700p is a 7.6% discount! [SP=775 Cap=56m]
Johnson Service Group (JSG) acquires Celtic Linen for €31.5m. Will be immediately earnings enhancing. [SP=119.36 Cap=501m]
Libertine (LIB) MAHLE Powertrain work has completed, late. Further performance and durability developments are now planned during Q3-Q4. Co has pre-funded the build of a small number of prototype hardware units. Also completed Phase 1 of the engineering development with Hyliion. Warns that if further fees from Hyliion not occur as originally expected FY will be materially below current market expectations. [SP=4.5 Cap=6m]
One Media iP (OMIP) renews partnership with its distributor. $1m recoupable advance to OMIP. [SP=5.95 Cap=13m]
RC365 (RCGH) following Letter of Intent, signs exclusive 10 yr rights agreement to market, distribute and resell YoouneeqAI's Platform in UK. [SP=79.15 Cap=99m]
In line: TLY
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
@MrContrarian
Wood rot for holders of Accsys
EnSilica (ENSI) gets $2.4m follow-on contract with majority booked this FY. [SP=66.9 Cap=52m]
Accsys Technologies (AXS) warns FY-Mar rev below current market expectations and EBITDA likely to be significantly below. Blames weak mkt and destocking. Cost cuts. [SP=97 Cap=212m]
Verditek (VDTK) £500k subscription at 0.45p, a 40% discount, to keep the lights on. [SP=0.7 Cap=3m]
Colefax (CFX) tender to buy up to 14% of cap. Price is lower of: (i) 700p or (ii) 105% of the average SP on five days immediately preceding the Take-up Announcement Date. 700p is a 7.6% discount! [SP=775 Cap=56m]
Johnson Service Group (JSG) acquires Celtic Linen for €31.5m. Will be immediately earnings enhancing. [SP=119.36 Cap=501m]
Libertine (LIB) MAHLE Powertrain work has completed, late. Further performance and durability developments are now planned during Q3-Q4. Co has pre-funded the build of a small number of prototype hardware units. Also completed Phase 1 of the engineering development with Hyliion. Warns that if further fees from Hyliion not occur as originally expected FY will be materially below current market expectations. [SP=4.5 Cap=6m]
One Media iP (OMIP) renews partnership with its distributor. $1m recoupable advance to OMIP. [SP=5.95 Cap=13m]
RC365 (RCGH) following Letter of Intent, signs exclusive 10 yr rights agreement to market, distribute and resell YoouneeqAI's Platform in UK. [SP=79.15 Cap=99m]
In line: TLY
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
@MrContrarian