Quoted Micro 29 August 2016

ISDX

Yujin International (YUJ/HPR) intends to switch from AIM to ISDX following the proposed acquisition of Healthperm Resourcing and also change its name to Healthperm Resourcing Ltd. Yujin joined AIM in February 2009 when it operated a maritime business that has subsequently been sold. Healthperm supplies nurses from the Philippines, where there are estimated to be 200,000 unemployed nurses, to healthcare providers in the UK and UAE. Potential customers want to employ around 1,000 nurses, while the current pipeline of 180 candidates for the NHS could generate £970,000 for the company. There will be a 91-for-two share consolidation and £275,000 will be raised after consolidation at 150p a share. Healthperm will cost an initial £11.2m in shares at the subscription price and if pre-tax profit is at least £2.9m in 2017 a further £4m will be paid in shares at the same price. There were no revenues up until the end of 2015.

 

Former AIM company Black Sea Property plans to join ISDX on 31 August. Black Sea Property originally joined AIM on 14 March 2005 but the property portfolio was completely disposed of by July 2014 and cash returned to shareholders. Trading on AIM was cancelled in January but the shareholders voted to continue as a property company and domicile was moved from Jersey to the Isle of Man. The strategy is to build up a portfolio of Bulgarian property assets. This could be residential, commercial or hotel properties, or it could be investments in distressed companies that need to be restructured. AG Asset Management will be investment adviser and its holding company owns 28.7% of Black Sea Property and has provided a loan facility of £350,000.

 

Secured Property Developments (SPD) still has £760,000 in the bank following the sale of its property asset.  There was a £17,000 loss in the first half of 2016. The board is seeking investments, which include the possible funding of property developments.

 

Early Equity (EEQP) says that 32.1%-owned Malaysian business Yicom Global made a profit in its most recent financial year and Early Equity will receive a dividend totalling £26,000. The Chinese healthcare products supplier reported a net profit of RM 850,000 (£161,000) on revenues of RM4.06m (£768,000). Yicom started trading in February 2015.

 

Australia-based explorer NQ Minerals (NQMI) has raised £113,000 at 8.4p a share. Geologist Roger Jackson has joined the board. He has options over 4 million shares at 6p each.

AIM

Tracsis (TRCS) says that full year underlying profit will be in line with expectations thanks to strong second half revenues helping full year revenues to grow by one-quarter to £32m. The stated profit will be reduced by acquisition and disposal costs. There was more than £11m in the bank at the end of July 2016. Tracsis has made a joint investment in Nutshell Software with the former majority shareholder in Ontrac, which was acquired last year. Nutshell develops apps for transport, utility and energy businesses. Tracsis is investing £500,000 for a stake in Nutshell of up to 37.8%.

 

Call centre services and technology supplier IPPlus (IPP) says that it will make a modest pre-tax profit in the year to June 2016. The Ansaback call centre services provider won a substantial call centre contract. The secure payments business also won new contracts and transaction volumes rose by 46%. There were lower revenues from software. There was £900,000 in the bank at the year-end.

 

Capital equipment manufacturer Molins (MLIN) made a small underlying profit in the first half of 2016 but it is still paying a dividend even though it has been halved to 1.25p a share. There are continued delays in receiving orders and that could hamper the normally strong second half. Tony Steels became chief executive in June.

 

Mass spectrometry instruments developer Microsaic Systems (MSYS) has raised £5.4m at 5p a share in order to progress the commercialisation of instruments and make manufacturing more efficient. There was £1.95m in the bank at the end of June 2016 but there was a cash outflow of more than £1.6m in the previous six month period.

MAIN MARKET

Cash shell Flying Brands Ltd (FBDU) continues to work on the reverse takeover of medical technology business Stone Checker Software. There was a £125,000 cash outflow, including a £62,000 loss from fraudulent activity, in the six months to June 2016. Directors’ fees have been accrued since 1 April 2016. There is still £196,000 in the bank. Tweeter Leon Hogan has built up a 5.1% stake.

Andrew Hore

 

BlackCabbieTrader John Walsh – Trading Idea for Friday 26th August

bc-logo-web-versionBlackCabbieTrader John Walsh publishes trading ideas every day on his JW_One-2-OneRoutemaster blog on the blackcabbietrader.com website.

Sign up for TheKnowledge for his full watch list, exact entry points, stops loss placements and access to The Knowledge community.

New: Now you can consult directly with John via Knowledge One-2-One. More here.

Today’s trading idea for Friday 26th August is Long KRA. More here

CHOO Sees Significant Growth Potential Ahead

Jimmy Choo plc CHOO claims an excellent first half performance with margin expansion, impressive growth in China and a weak pound, all helping operating profit to rise by 42.6%.  Total revenue rose by 9.2% and adjusted earnings per share by 26.7%.  A strong start has been made to the second half and the company still sees significant growth potential ahead.

John Laing Group JLG Has more than tripled its profit before tax  for the half year to the 30th June with a rise from £32.6m to £108.3m. External assets under management rose by 12.5% and the yield from the investment portfolio rose from £11.4m to £18.3m An interim dividend of 1.85p per share will be paid in October.

CRH PLC. CRH First half profit before tax rose more than sixfold to 407m Euro and reported EBITDA more than doubled to 1.12 billion Euro. Sales were up by 35%  or 8% on a like for like basis. The interim dividend is being increased by 1.6% to 18.8p Early stage signs of economic recovery in Europe have been seen and further progress is expected in the second half, with continuing positive momentum in the Americas.

STV Group STVG is enjoying its sixth continuous year of profit growth with a 50% rise in pre tax profit for the half year to 30th June. Revenue was up by 5% and statutory earnings per share by 55%. Net debt fell by 17%. the interim dividend is increased by 33% to 4p per share and it is intended to pay a final dividend of 12p. The company puts its success down to (inter alia) its ambitious vision.

Coral Products plc CRU made further progress during the year to 30th April and expects to continue increasing its market share in the medium term. Revenue rose by 7.4% and profit before tax by 296% or 22.2% on an underlying basis. The final dividend is to be increased from 0.7p to 1.0p

 Looking for Villas & Houses For Sale In Greece – visit;   http://www.hiddengreece.net

Quoted Micro 22 August 2016

ISDX

Property investor Etaireia Investments (ETIP) has acquired the company that owns 5-6 High Street, Cleator Moor, Cumbria.Etaireia paid £182,000 with £50,000 in cash and the rest in shares issued at 0.065p a share. The company also raised £35,000 at 0.09p a share, while Babak Shirazi has been granted options over 333.33 million options (equivalent to 18.2% of the fully diluted share capital) at the same share price – the option lasts until 9 April 2019.Etaireia has also issued shares to pay advisers and salary owed to two directors that have resigned. The property has a tenant paying £20,000 a year so it has been acquired at an attractive valuation.

 

ZimNRG (MNRG) had £123,000 in the bank at the end of February 2016 but £50,000 was subsequently raised from AIM-quoted Metal Tiger following a share sub-division. There was a £24,000 cash outflow in the year to February 2016. The cash is being held in US dollars so that it is ready to pay for any deal that is secured. The focus is the natural resources and/or energy sectors.

 

AIM

Cloud-based services provider Nasstar (NASA) is paying £13m cash and shares or the acquisition of competitor Modrus in an earnings enhancing deal. A placing will raise £13.3m at 7.5p a share and £11.7m of this will be used to pay the cash consideration. Modrus specialises in property services so it provides an additional specialisation for the group. Modrus generated EBITDA of £1.6m in 2015-16, which is similar to Nasstar’s EBITDA for 2015 and there should be cost savings.

 

Gresham House Strategic (GHS) has transferred 3.876 million shares in IMimobile (IMO) at 193.5p each as part of a £7.5m co-investment deal with Gresham House Strategic Public Equity Fund LP, which is also managed by Gresham House Asset Management. There will be an initial gain of £900,000. Gresham House Strategic will retain a direct legal interest in 1.53 million of these IMimobile shares, so the retained interest will be 8.19 million shares. Within 12 months, a further 1.14 million of the shares will be fully transferred. The company will distribute 50% of gains to shareholders and, along with the gains from the investment in Castle Street Investments, there should be £600,000 available – equivalent to 15p a share – and this could be paid as a final dividend.

 

Tracsis (TRCS) has won its first significant US contract for remote condition monitoring equipment. The total order, which includes software, is worth more than $400,000 and should be delivered by the end of 2016. Up until now there have been pilot projects in the US and demand for the company’s remote condition monitoring equipment in the US could be large. A full year trading update will be published on 22 August.

 

Pennant International (PEN) is raising £3.56m at 55p a share – a discount of nearly 13% to the previous closing price. The cash will finance working capital for the recent contract wins and the £500,000 purchase of adjacent property in Cheltenham. Chief executive Chris Snook is selling one million existing shares at the same price. An interim profit of £10,000 is estimated but the second half should be much better. Hargreave Hale increased its stake to 14.4% and the Business Growth Fund has taken a 6% stake.

 

Caledonia Mining Corporation (CMCL) increased gold production in the first half of 2016 helped by higher grades. Production from the 49%-owned Blanket Mine in Zimbabwe improved from 20,360 ounces to 23,332 ounces, while the cost per ounce has fallen. Net cash has fallen to $10.6m because of the investment in the mine, which should peak this year. The real benefits from the investment will show through next year. Even so, the quarterly dividend has been increased from 11.125 cents a share to 1.375 cents a share.

 

Nostra Terra Oil & Gas (NTOG) has sold its interest in the Chisholm Trail oil and gas project for $2.1m. The buyer is Staghorn Petroleum. The cash is likely to be reinvested in North America or Egypt.

 

MAIN MARKET

Global Resources Investment Trust (GRIT) has decided not to go ahead with the proposed subscription and open offer following discussions with larger shareholders, which indicated they did not support the proposals.  GRIT will repay £1m of convertible loan stock held by LIM Asia Multi-Strategy Fund Inc, which had requested repayment, by the end of August and then repay the £2.5m of loan stock owned by LIM that is left from the proceeds from portfolio disposals. There was £331,000 in the bank at the end of 2015, while the portfolio was valued at £12.3m at that time. At the end of July, the NAV was 27.4p a share, up from 20.3p a share at the end of 2015. The current share price is 6.5p (5.75p/7.25p).

Andrew Hore

 

Brand CEO Alan Green discusses Edenville Energy (EDL) and Faron Pharma (FARN) on VOX Markets podcast

Brand CEO Alan Green discusses Edenville Energy (EDL) and Faron Pharma (FARN) with Justin Waite on the VOX Markets podcast. The interview is 19 minute 45 seconds in.

WPP Slumps, Costain Excited

Costain Group COST is enjoying exciting times as the countries energy, water and transport infrastructure continues to be upgraded. The interim dividend is to be increased by 15% to 4.3p after revenue for the half year to 30th June rose by nearly 25%.  The half year ended with a record order book, 90% of which was repeat business.

Paddy Power Betfair PPB Online half year revenue rose by 20% and total revenue by 18%. merger integration is ahead of plan but merger related items led to an operating loss of £48m. and a loss per share of 68.3p Underlying operating profit however was up by 39% and underlying EBITDA by 31%. an interim dividend of 40p per share is to be paid.

WPP plc WPP After exceptional write downs interim profit before tax slumped by 40.1% and profit after tax by 53.1%. On a headline basis however, reported PBT was up by over 15%. Billings rose by 9.3% and revenue by 11.9%. Like for like net sales grew by 3.8% and the  interim dividend is to be raised by 22.9% to 19.55p.

Headlam Group HEAD enjoyed a strong first half to the 30th June and is increasing its interim dividend by 11.7% to 6.7p.It made further gains in market share in the UK where it outperformed and saw an improving trend on the continent. Profit before tax rose by 22.4% and basic earnings per share by 23.1%

Hikma Pharmaceutical HIK claims a solid first half performance which saw operating profit fall by 27% on revenue up by 28%. Basic earnings per share were down by 49% and the interim dividend is being maintained at 11 cents per share.

Goldplat GDP has put in a strong financial performance for its year end at the 30th June thanks to the recovery in the price of gold and the collapse in sterling. A full year profit before tax of £2m. is now expected.

BlackCabbieTrader John Walsh – Trading Idea for Wednesday 24th August

bc-logo-web-versionBlackCabbieTrader John Walsh publishes trading ideas every day on his JW_One-2-OneRoutemaster blog on the blackcabbietrader.com website.

Sign up for TheKnowledge for his full watch list, exact entry points, stops loss placements and access to The Knowledge community.

New: Now you can consult directly with John via Knowledge One-2-One. More here.

Today’s trading idea for Wednesday 24th August is Long AMAT. More here

Brand CEO Alan Green talks Persimmon (PSN), Andalas Energy (ADL), Cal Crutchlow & Barry Sheene on TipTV.

The US market lull ahead of the Yellen’s speech on Friday, UK’s decoupling from the US economy, top stock picksPersimmon (PSN), Andalas Energy (ADL) plus Cal Crutchlow & Barry Sheene – remain the key discussion points in today’s Tip TV Daily Market Roundup with Zak Mir, Technical Analyst at Zak’s Traders Cafe, and Alan Green, CEO at Brand Communications.

Foreign Exchange Tailwinds Arrive To Help The Weak.

Cape plc CIU Companies with problems are now beginning to benefit from the collapse of sterling or as Cape puts it, foreign exchange tailwinds. Profit before tax for the half year to 30th July slumped by 30% after a 10% rise in revenue. Weak margins in the UK were partly offset by Asia Pacific performing above expectations and a strong Middle East.  Full year expectations are unchanged, partly because of those foreign exchange tailwinds. That must be a comfort for the company’s management if not for the country as a whole..

Persimmon PSN appears to show clear signs of a slowdown in its housing market, despite claims that it has produced a robust trading performance for the half year to 30th June, which saw profit before tax up by 29% and basic earnings per share  by 19%. True legal completions in the half year did rise by 6% but after a 6% rise in the average selling price, forward sales at the end of the half year were up by only 2% in value. Customer site visits have risen by 20% but site visits are not sales and if forward orders are up by only 2% after a 6% price hike and a 20% increase in visitor numbers, something is not adding up. Revenue for the half year rose by 12% which matches exactly the rise in completions plus the price hike.

Rank Group RNK is increasing its final dividend by 18% to 4.7p per share after growth across all its brands and channels. Like for like revenue for the year to 30th June rose by 3%, total revenue by 2%, adjusted profit before tax and earnings per share by 4% and 5% respectively, so with 18% shareholders are doing very well.

 Looking for Villas & Houses For Sale In Greece – visit;   http://www.hiddengreece.net

BlackCabbieTrader John Walsh – Trading Idea for Monday 22nd August

bc-logo-web-versionBlackCabbieTrader John Walsh publishes trading ideas every day on his JW_One-2-OneRoutemaster blog on the blackcabbietrader.com website.

Sign up for TheKnowledge for his full watch list, exact entry points, stops loss placements and access to The Knowledge community.

New: Now you can consult directly with John via Knowledge One-2-One. More here.

Today’s trading idea for Monday 22nd August is Long ROST. More here

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