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Vodafone Group plc VOD as expected the third quarter to the 31st December was fairly disastrous for Vodaphone and it can not all be put down to the adoption of IFRS, the sale of Qatar and foreign exchange headwinds which is the usual ready to hand list of pre prepared excuses for major international companies caught between a rock and a hard place. The company claims that the quarter produced robust commercial momentum a statement which appears to be completely contradicted by the figures with revenue in the Rest of the World down by an unacceptably high 11.1% and Europe by 5.6% to give an average drop of 6.8%. Vodafone Business allegedly became a leading : international challenger in fixed, ‘industrialising’ IoT – in fact so leading, according to the Chief Executive, that its revenue fell by 0.5%. This trading performance was what management expected in the third quarter. Organic adjusted EBITDA on an underlying basis is now expected to grow by about 3% for 2019.
Barr AG plc BAG Reports a continued positive trading performance for the year to the 26th January with revenue expected to be up by about.5%. Strong trading and the continued success of its key innovation have led to further market share volume gains in UK soft drinks, with volume up 3.0% and value by a healthy 8.0%. Despite the threat of further regulatory intervention, continued profitable growth is anticipated for the coming financial year.
SCISYS Group plc SSY The Directors expect that the Company’s trading results for 2018 will comfortably meet current market guidance in respect of revenues and adjusted operating profit. The Group’s order book remains strong and it continues to see solid organic growth across the Group, notably in its Space and Enterprise Solutions & Defence division.
Bonmarche Holdings BON Expects the Group’s cash reserves to be adequate to meet its liquidity requirements, even at the lowest end of the PBT range, and when the cash balance is at its lowest, around the end of March. In the 13 weeks to the 29th December sales fell by 8.1% and in the 39 weeks to the same date they were down 2.7%. Online sales however were strong with rises of 22.2 and 26.5%.
RTC Group RTC strikes a positive note and the Chairman is extremely pleased and encouraged by “The continued growth of Group revenue and profits and the improvement in net debt position, especially in light of the uncertainty surrounding the UK economy.
Brand CEO Alan Green talks Bacanora Lithium #BCN, Powerhouse Energy #PHE, Bluefield Solar Fund #BSIF & SciSys #SSY with Justin Waite on Vox Markets podcast.
Alan Green CEO of Brand Communications discusses Bacanora Lithium (BCN), Powerhouse Energy (PHE), Bluefield Solar Income Fund (BSIF) & Scisys (SSY) with Justin Waite on the Vox Markets podcast. The interview is 19 minutes 7 seconds in.
Small Cap Spotlight November 23rd 2017. Alan Green from Brand Comms PIR Multichannel takes a look at the FTSE AIM 100 and Small Cap indices, and drills in to i3 Energy #I3E, N4 Pharma #N4P, and SciSys #SSY.
Brand CEO Alan Green talks Bitcoin $BTC, i3 Energy #I3E & SciSys #SSY with Justin Waite on VOX Markets podcast. The interview is 27 minutes 57 seconds in.
Buy SciSys #SSY says VectorVest. Key metrics indicate the time is right to buy into this growth company.
Chippenham-based SciSys Plc (SSY.L) supplies software systems, IT-based solutions, and support services to the space, media & broadcast, government, defence and commercial sectors in the UK and abroad. The company designs, builds, supports, and develops ICT services, e-business, and advanced technology solutions for blue chip and public sector organizations. SciSys also provides services to various areas, including transport, utilities, and communications. The company was founded in 1980 as Science Systems plc, changed its name to CODASciSys plc in 2002 and then changed its name to SciSys plc in 2006.
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On Sept 21st 2017 SSY reported a strong set of interim results for the half year to 30 June 2017. Adjusted operating profit rose 18% to £1.3m on revenues up 23% at £27.2m. Net debt was reduced to £9m (from £10.2m at 31 Dec 2016), and with a record half-year order book of £64m (2016: £35m), the interim dividend was raised by 11% to 0.59p per share. Dec 2016 acquisition, ANNOVA, also achieved major project milestone on flagship BBC contract. Chairman Mike Love said; “We are very pleased and buoyed by a solid operational performance and key contract wins across the Group resulting in our record order book. We are particularly pleased by the robust performance of ANNOVA; it is already evident that this acquired business is delivering significant strategic benefit to the Group. At this point in time we anticipate that we will deliver full-year results at the upper end of current guidance.”
The opportunity at SSY had been flagged by VectorVest in the summer of 2017, when the stock logged a rise in GRT (Earnings Growth Rate). At this time SSY shares were trading around 100p, and occasionally dipping below. Despite the RS (Relative Safety) ‘fair ‘rating scoring 0.96 on a scale of 0.00 to 2.00, SSY logs a forecasted GRT of 19%, which VectorVest considers to be very good. Added to this, the VST-Vector (VST) master indicator, (ranks every stock in the VectorVest database), also logs a ‘very good’ rating of 1.28 on a scale of 0.00 to 2.00. Finally a valuation of 162p indicates potential upside from the current 127p.
The chart of SSY.L is shown above in my normal format. The share has broken the horizontal resistance which was in place since November 2016. Using a concept known in technical analysis as a “measured move” the technical target for the move upwards is approximately 160 which is similar to the VectorVest valuation at present.
Summary: Looking further into the past, the charting picture for SSY sees a steady upward trajectory since spring 2015. But now, strong half-year revenue and profits growth, the ANNOVA acquisition and the ongoing reduction in debt have transformed SSY into an attractive growth company. With forecasts for a good set of FY numbers and a trading update imminent, key VectorVest metrics are indicating that the time is right to consider buying into this growth company.
Dr David Paul
November 15 2017
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On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 5 week trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.
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APC Technology APC says unaudited FY results to 31 Aug 2017 are expected to show revenue of £15.6m (2016: £17.9m), gross profit of £5.5m (2016: £6.4m), an operating profit before interest, amortisation, depreciation and exceptional costs of £0.8m (2016: £0.3m) and a PBT in the region of £0.2m, the first PBT since Aug 2014.
Compass Group CPG says CEO Richard Cousins has decided to step down on 30 Sept 2018. He will be succeeded by Dominic Blakemore, currently COO Europe.
IG Group IGG reports a record Q1 in relatively quiet financial markets, with revenues 21% of the last quarter at £135.2m.
Mitchells & Butlers MAB says the weather in August and September has adversely affected the market, but it remains encouraged that its like-for-like sales performance continues to outperform the market. As such MAB expects to deliver a full year performance in line with the Board’s expectations.
NCC Group NCC said it continues to trade in line with expectations for the full year.
SCISYS SSY reports half year results to 30 June 2017. Half year adjusted operating profit rose 18% to £1.3m, on revenues up 23% to £27.2m. Order book stands at a record £64m, and the interim dividend is up 11% at 0.59p. Chairman Mike Love said the company currently expects to deliver FY results at the upper end of current guidance.
Polypipe PLP Excellent like for like UK revenue growth of 10.5% for the year to 31st December, led to a record performance by the group as a whole, with exports adding to the happy picture with a rise of 28.7%. The final dividend is to be increased by 29.5%, after profits before tax rose by 31.1% and earnings per share by 29.2%
DFS Furniture Group DFS Following good sales growth and strong cash generation in the half year to 30th January, DFS is increasing its interim dividend by 5.7% and paying a first ever special dividend og 9.5p per share. Revenue over the six months grew by 6.8% and profit before tax by 3.1%. Online traffic showed double digit growth and the company believes it has excellent prospects for long term growth.
SCISYS SSY produced a very healthy performance and strong organic growth in the year to 31st December and the momentum seen in the second half of the year has continued into 2017. Revenue for the year rose by 27%, leading to a fourfold rise to £3.2m in adjusted operating profit and a leap in basic earnings per share from 1.3p to 9.2p. The full year dividend is to be increased by 10%
Booker Group BOK If the planned merger with Tesco actually takes place the fourth quarter and full year sales to the 24th March will only be of historical interest. Fourth quarter non tobacco like for like sales rose by 4.7%, whilst like for like tobacco sales fell by 7.5% as the government tried to stop people killing themselves. Internet sales rose by 8%. Total sales for the full year rose by 6.7%.
RPC Group RPC expects revenue for the year to 31st March will be significantly ahead of the previous year and adjusted operating profit will exceed management expectations. Acqusitions made in March and August 2016 are both performing ahead of expectations and have been successfully integrated.