Venture Life Share Price (VLG)

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Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Venture Life	LSE:VLG	London	Ordinary Share	GB00BFPM8908	ORD 0.3P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	+0.00p	+0.00%	46.00p	17,500	08:00:00

Bid Price		Offer Price	High Price	Low Price	Open Price
45.00p		47.00p	46.00p	46.00p	46.00p

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Health Care Equipment & Services	16.05	0.06	-1.00		38.5

Related Shares
Smith & Nephew (SN.), NMC Health (NMC), Netscientific (NSCI), Widecells (WDC)

Venture Life (VLG) Latest News

Venture Life News

Date	Time	Source	Headline
05/12/2018	15:26	UKREG	Venture Life Group PLC Holding(s) in Company
05/12/2018	08:12	UKREG	Venture Life Group PLC Holding(s) in Company
23/11/2018	07:00	UKREG	Venture Life Group PLC Change of adviser and directorate update
15/11/2018	13:25	ALNC	Venture Life Delighted With Commercial Success Of Dentyl And UltraDEX
15/11/2018	07:56	ALNCF	Alliance News Flash Headline
15/11/2018	07:00	UKREG	Venture Life Group PLC Commercial update
20/9/2018	11:22	ALNC	Venture Life Outlook Confident As Interim Loss Narrows On Higher Sales
20/9/2018	06:01	UKREG	Venture Life Group PLC Directorate Change
20/9/2018	06:00	UKREG	Venture Life Group PLC Half-year Report
16/8/2018	11:23	ALNC	Venture Life Predicts 6% Year-On-Year Rise In First Half Revenue

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Venture Life (VLG) Share Charts

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Venture Life (VLG) Discussions and Chat

Venture Life Forums and Chat

Date	Time	Title	Posts
23/1/2019	17:58	ValueGrowth Investing	23,820
20/11/2018	22:53	Venture Life Group plc	167
02/4/2015	09:58	Venture Life Group - Intro video	-

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Venture Life (VLG) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
16:46:39	46.50	15,000	6,975.00	O
15:51:27	47.00	2,500	1,174.95	O

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Venture Life (VLG) Top Chat Posts

Date	Subject
23/1/2019 08:20	Venture Life Daily Update: Venture Life is listed in the Health Care Equipment & Services sector of the London Stock Exchange with ticker VLG. The last closing price for Venture Life was 46p. Venture Life has a 4 week average price of 44p and a 12 week average price of 44p. The 1 year high share price is 55p while the 1 year low share price is currently 38.50p. There are currently 83,712,106 shares in issue and the average daily traded volume is 190,445 shares. The market capitalisation of Venture Life is £38,507,568.76. Read Full Thread Reply
31/12/2018 17:35	redartbmud: janeann I would very much echo that sentiment. It is extremely difficult to call bottom for a stock. Bamboo's charts appear to give good guidance. Any news triggers a reaction, and in particular any update on trading and profitability. What is unpredictable is the decision of a large investor to change it's position. In one scenario, it is an institution for it's own book. The other is client portfolio management, where the house takes a policy step to buy or sell on behalf of discretionary clients. Another is a broker recommendation. All can trigger a relatively large move in the share price, and a continuing reaction where the stock continues it's direction of travel. Big moves, where there is no news can be disconcerting. I have made the same error as you, on Ltg and Rsw, and indeed Bree but, in the case of the latter, I knew that the construction/housing market was weak. I kick myself for jumping in too soon and watching further pullbacks. I then compound the error by selling too soon once the share bounces, congratulating myself for getting out with a small profit, only to see the share price continuing to strengthen after the disposal. Spx is a classic case. I should have tripled by trading profit on three trades in the last couple of months. It is very difficult to wait patiently for the second or third dip before buying, but in most cases that is a sensible strategy. Patience is something that I appear to find a difficult commodity, in these cases. If you do buy at a very good price, it is far easier to hold onto the share through short term volatility, believing that the bottom has been reached and that the quality of the company will see a return of strength in the share price. I know someone who has a very strict model for investment: Hold a limited number of shares - say 8. You cannot manage more than that. Set your targets eg. PE, ROCE etc etc. Buy if it hits the lower target and sell when it hits the upper target. When I say sell, not the whole holding, but a very high percentage. Do not be afraid to be significantly underweight, and hold fast till the targets are reached. I do believe that he revises targets periodically, based on macro/micro factors at that time. red Do not deviate from the plan. Read Full Thread Follow Reply
30/12/2018 15:53	apad: Cooltools (ARC G4M ZOO GHH SPX) Lauders (AMER ARS HCM SIA TXP) 0 0 0 apad (DIS IGG SOS XPD FEVR) dacian (BVXP CBOX GDWN TM17 RRE) janeann (ARC ACSO PRSM LTG ZTF) lomax99 (BUR FUTR HL. FFX ACSO) Valhamos(D4T4 XPP CHH SDI GHT) RP19 (CRU D4T4 DRV FFX VLE) redartbmud (AMS BREE LLOY LTG XPD) attrader (XPD GLE IGG BUR NPSNY) modform (AIEA, BILN, MACF, MYX, WATR) Cooltools ARC - long time holder, ex employee, own 2% approx, 50% of portfolio G4M - ltm, bought when 170p, now 540p, but price has been dithering for 18 months. Brother is a musician, he brought my attention to it in the early days and I loved the website, value and range - and particularly the feeling of support and being part of it (unlike most resellers, which are buy and forget). Expanding across Europe and US, waiting to see if it results in profits over this Christmas. 20% of portfolio. ZOO - I'm a geek/nerd, so interested in their cloud based multi-lingual dubbing, sub-titles etc. 10% of portfolio GHH - relates to my masters in microelectonics and opto-electronics, considering this a low risk stalwart. 10% of portfolio SPX - bit of a gamble, but like old-school engineering (steam!) with modern applications. 10% of portfolio. Lauders 0 0 0 AMER - Colombian oiler that has taken a share price hit this year but recent news has been excellent and there has been strong director buying. I believe that things will get better in 2019 providing the oil price holds of course. ARS - A junior (puppy) copper play. Again taken a major share price hit recently but if good news comes on drilling, partnering and the Cu price strengthens then the appetite could return quickly. HCM - News due before the end of the year so could strengthen significantly if positive. However, it is Chinese and if news is not so good on the trials and alliances it could take a major hit. If Trump continues his Chinese battles then again could be impacted. SIA - One of my dogs! Not a puppy but a badly behaving large one. I think the trainer will have sorted it out by new year and its behaviour will improve. Recent news about its Egyptian acquisition that will hopefully be completed in the first half of 2019 will producing some drilling and get the news flowing again. There may be other M&A activity involving the company in the year. TXP - Another oiler (oil had better perform well in 2019!) based in Trinidad and Tobago. News due before year end again but some important drilling will be undertaken in 2019 with the potential to significantly change the MKT Cap of the company. Should be exciting! apad DIS - Could turn out to be a decent rum brand, but might carry lumbering on. IGG - Oversold income stock. Worldwide bear market risk. SOS - Looks like its on a roll with very impressive managers/owners. XPD - Oversold on Brexit fears. Danger of it overdoing it on aero and marine. FEVR - US potential and a rising divi stream. UK probably saturated. dacian BVXP- troponin only a matter of time, one of the best and well run co's on aim. I'll stick with it till the story changes. CBOX- take away cake shops with steady roll-out over the next couple of years, family run and skin in the game. Never tasted one. GDWN- my favourite uk engineer. Unless we get a nasty recession the investment phase over the last few years should start to deliver and they pay a dividend. TM17- a games developer and publisher run by a ceo with funky, red hair. It's a bet on her ability to discover and sign successful indie games. RRE- A bit of a Serica story but younger and cheaper. It aspires to pay a dividend. lomax99 BUR Low PE, some way off it’s highs. clear market leader in litigation finance, a sector still in it’s infancy. FUTR Digital media innovator, recent transformative acquisition, strong recent/anticipated growth. HL. Clear D2C market leader, high margins, solid structural growth story, now widening focus to target the significant wealth/cash savings market. FFX An ISP, constantly expanding their range of services, delivered efficiently using their own online platform. Strong growth to-date/anticipated. ACSO Fall overdone, almost on a normal PE! Good growth prospects ahead, an innovator. Valhamos 0 0 0 D4T4 - My biggest holding and in the comparison again for next year. Continuing growth in the Celebrus customer data platform with strong relationships with Teradata, SAS and Pega. XPP - Full benefit of recent acquisitions still to come , no direct exposure to consumer electronics but share price has retraced over concerns about increasing exposure to semiconductor industry and tariffs on China, the second factory in Vietnam comes on stream in H1 2019. CHH - Been on my watchlist for a while and finally bought last week - has grown operating margins over the years with higher added value products for exports in the hospitality sector. SDI - Good mix of organic and acquisitions growth, niche technological businesses so possibly reduced recession risk. GHT - Hammered recently on profits warning because of contracts held over to 2019. Strong data integrity/control product so expect recovery next year. RP19 0 0 0 CRU - Plastics fabricator. A number of recent RNS's which show new orders and ahead of previous years. Despite this, the price has not shifted much and think it will catch up next year. Innovating with new products, increasing range of services and pays a dividend. Weakness - Has previously hit bumps in the road to hinder apparent progress and is capital intensive. D4T4 - Data solutions provider. Effective manipulation of data is integral to many businesses and I can only see it becoming more and more important. Management seem focussed and not on a racy rating. Weakness - Orders can be lumpy and some reliance on a few customers. However, overall I like their offering. DRV - Engineering and construction consultancy services (planning, project management, dispute resolution etc). Back on track after some poor years when it acquired badly. The sector is experiencing a lot of M&A activity and hopefully may become a target. Weakness - is a business that relies on its people and the nature of the work provides limited visibility. Selected it last year. FFX - Payments service provider to retail and corporate clients. Executed well to date and has a high level of operational gearing. Recent RNS about entry into the USA could be interesting. Hit by recent wider market downturn. Am backing it to bounce back. Selected it last year. VLE - Owners buy struggling companies, turns them around and sells them on. Share price largely discounts realistic valuations for VLE's investments. Sold its star performer Impetus Automotive for a considerable premium this year and is sat on a lot of cash. Weakness - They wont be rushed into their next purchase and this may limit potential share price appreciation in the short term. Selected it last year. reartbmud AMS - The share price is down almost 20% in the year, and although it has a relatively high PE and a poor dividend yield, there is room for recovery. There is £71m cash in the bank and margins improved. Now is the time for sales to grow in the USA. They have had to reorganize the business there and hopefully greater stability will create better returns. Maybe they will reconsider dividend policy. margins improved. BREE - Probably a punt based on the level of infrastructure spending in the UK in 2019, but the acquisition of Lagan in Ireland provides another arm to the business. Good positive cashflow is required to pay down the spike in debt, following the last purchase. They have a first -class management who were hewn out of rock, rather than being born. Directors have loaded up in the dip. A 20% recovery wouldn’t be out of reach. LLOY - Yes, take 2 on the entry. Domestically biased all will depend on the UK economy, but a year is a long time in markets, as 2018 has demonstrated. A 5.92% yield that is ‘guaranteed217; as much as any may prove attractive. If the dividend is slightly improved and profits grow and the ‘fraudulent217; PPI scheme finally winds up, there is scope for recovery in a year in which markets could be flat. LTG - A management that will never sit on their hands, so more deals will be done to add profits to the organic growth prospects of the existing business. People Fluent will have a full year under the LTG banner, was earnings enhancing from the outset, and cost savings should kick in to greater effect on the bottom line. Cross selling amongst existing businesses should provide organic growth. The company is a strong cash generator. XPD - Well oversold on Brexit fears, coupled with a falloff in UK consumer spending. The company has a strong footprint within its’ area of operation, with the possibility of further growth through bolt-on acquisitions. The UK market may well be receptive to products imported from markets serviced by the company. A very organized, committed and driven management. attrader XPD - Transport and logistics group acquiring smaller firms in easter Europe. ROI on acquired businesses is around 10% so it might not be a great investment in the long run. GLE - Low cost house builder aiming to double unit production by 2022. It pays decent dividend. Business performance is highly cyclical - needs constant supply of land along with housing demand and availability of mortgages. IGG - Spread betting business diversifying into SIPP and Index funds. Government is increasing regulation to protect novice punters. BUR - Litigation finance player investing ever increasing sums of cash for high returns. Low barriers to entry will invite larger players reducing ROI for future investments. NPSNY (Naspers ADR) - South African tech investor with large stake in Tencent along with other emerging market tech investments. Trading at significant discount to NAV. A crash in tech valuations can dent their performance in coming years. janeann ACSO - Global ticketing specialist providing technology to improve customer experience primarily in leisure attractions theme parks etc. Leader in its field. Started out to avoid queueing at theme parks and developed since. Large global customer base. Growing by both expansion and acquisition, and growth expected to continue. Price now at a discount to 1 year ago despite substantial progress. ARC - Is a small niche player and provides solutions to managing real time market data - both software and consultancy. Number of very high profile clients with recurring revenue streams. Dividend payer and hopefully will gain a few new large clients in 2019. PRSM - Software company specialising and leading the field in development of robotic process automation particularly of more routing back office tasks enabling the freeing up staff to do more productive tasks. Globally active in events and with a diverse range of high profile partners prsm is at the forefront of the developing technology. ZTF - Specialist manufacturer of plastic foam for a very broad and diverse range of industries including sports, automotive & construction. Many specialist uses and complex production process. Recent deal with Nike. Expanded production base in China and Poland now coming onstream and plans to expand in UK also. Dividend payer. Leon Boros recently taken a stake. LTG - is a dividend paying company providing digital learning solutions and interactive media programmes to a broad range of clients including government. Aiming to grow by both broadening its range of products and clients across a broader geographic range as well as via acquisition. modform AIEA - Manufactures and distribute commercial flooring and covering. The closure of loss-making residential carpets business means that it's now in a position to concentrate on its commercial flooring business which is growing fast. The forward yield could be as much as 11%, I have been adding on any dips. BILN - Is one of the leading UK structural steel specialist. It has recently won a contract worth £41m which is much larger than its mcap. Most of the revenue is to be reflected in 2019 financial year. It's very thinly traded with no broker forecast. The current yield of 4.4% and low per should underpin the share price MACF - Distributes a range of protective packaging, labels designs and prints, high quality self-adhesives, etc. The share price has been hammered during this market sell off due to lack of liquidity. As Internet shopping increases it should benefit from the increased use of packaging. A decent yield and low per makes it attractive in the current climate. MYX - It provides oil free water technology in the oil and gas industry. It has patented Mycelx polymer which uses molecular cohesion to remove oil from water. Before the market sell off the share price was around 240p and although it won a new contract from SABIC which upgraded the net profit by 25%, the share price has fallen to 180p. I have been buying for a while on any weakness, but it's incredibly illiquid with very large spread. WATR - Is a leading provider of precision leak detection solution for potable and non-potable water. It mainly operates in USA through franchisees. The share price has come down during the recent market sell off to a reasonable level. The company may do 13 to 14p eps in 2018 and at 230p share price doesn't look demanding for a company growing so fast. It has completed the first year of 5year growth plan. I have recently bought back a small holding with the aim of adding if share price drifts lower. Read Full Thread Follow Reply
30/12/2018 15:20	thelongandtheshortandthetall: Thanks Bamboo2 I appreciate your reply. I've ordered the book. For what its worth I have a couple of ideas: DC. closed at 121. this is the same price the share price bounced of in April and July 2012. If the share price goes meaningfully below 121 say like 110 I can not see any support. It did intra day drop to 113 but then finished at 121. OCDO: The share price seems to have support around 730 going back to Oct. if the price drops below this there doesnt seem to be support until 600. Plus there a is large juicy gap. Am I looking along the right lines? Read Full Thread Follow Reply
27/12/2018 09:09	apad: Cooltools (ARC G4M ZOO GHH SPX) Lauders (AMER ARS HCM SIA TXP) 0 0 0 apad (DIS IGG SOS XPD FEVR) dacian (BVXP CBOX GDWN TM17 RRE) janeann (ARC ACSO PRSM LTG ZTF) lomax99 (BUR FUTR HL. FFX ACSO) Valhamos(D4T4 XPP CHH SDI GHT) RP19 (CRU D4T4 DRV FFX VLE) redartbmud (AMS BREE LLOY LTG XPD) attrader (XPD GLE IGG BUR NPSNY) Cooltools ARC - long time holder, ex employee, own 2% approx, 50% of portfolio G4M - ltm, bought when 170p, now 540p, but price has been dithering for 18 months. Brother is a musician, he brought my attention to it in the early days and I loved the website, value and range - and particularly the feeling of support and being part of it (unlike most resellers, which are buy and forget). Expanding across Europe and US, waiting to see if it results in profits over this Christmas. 20% of portfolio. ZOO - I'm a geek/nerd, so interested in their cloud based multi-lingual dubbing, sub-titles etc. 10% of portfolio GHH - relates to my masters in microelectonics and opto-electronics, considering this a low risk stalwart. 10% of portfolio SPX - bit of a gamble, but like old-school engineering (steam!) with modern applications. 10% of portfolio. Lauders 0 0 0 AMER - Colombian oiler that has taken a share price hit this year but recent news has been excellent and there has been strong director buying. I believe that things will get better in 2019 providing the oil price holds of course. ARS - A junior (puppy) copper play. Again taken a major share price hit recently but if good news comes on drilling, partnering and the Cu price strengthens then the appetite could return quickly. HCM - News due before the end of the year so could strengthen significantly if positive. However, it is Chinese and if news is not so good on the trials and alliances it could take a major hit. If Trump continues his Chinese battles then again could be impacted. SIA - One of my dogs! Not a puppy but a badly behaving large one. I think the trainer will have sorted it out by new year and its behaviour will improve. Recent news about its Egyptian acquisition that will hopefully be completed in the first half of 2019 will producing some drilling and get the news flowing again. There may be other M&A activity involving the company in the year. TXP - Another oiler (oil had better perform well in 2019!) based in Trinidad and Tobago. News due before year end again but some important drilling will be undertaken in 2019 with the potential to significantly change the MKT Cap of the company. Should be exciting! apad DIS - Could turn out to be a decent rum brand, but might carry lumbering on. IGG - Oversold income stock. Worldwide bear market risk. SOS - Looks like its on a roll with very impressive managers/owners. XPD - Oversold on Brexit fears. Danger of it overdoing it on aero and marine. FEVR - US potential and a rising divi stream. UK probably saturated. dacian BVXP- troponin only a matter of time, one of the best and well run co's on aim. I'll stick with it till the story changes. CBOX- take away cake shops with steady roll-out over the next couple of years, family run and skin in the game. Never tasted one. GDWN- my favourite uk engineer. Unless we get a nasty recession the investment phase over the last few years should start to deliver and they pay a dividend. TM17- a games developer and publisher run by a ceo with funky, red hair. It's a bet on her ability to discover and sign successful indie games. RRE- A bit of a Serica story but younger and cheaper. It aspires to pay a dividend. lomax99 BUR Low PE, some way off it’s highs. clear market leader in litigation finance, a sector still in it’s infancy. FUTR Digital media innovator, recent transformative acquisition, strong recent/anticipated growth. HL. Clear D2C market leader, high margins, solid structural growth story, now widening focus to target the significant wealth/cash savings market. FFX An ISP, constantly expanding their range of services, delivered efficiently using their own online platform. Strong growth to-date/anticipated. ACSO Fall overdone, almost on a normal PE! Good growth prospects ahead, an innovator. Valhamos 0 0 0 D4T4 - My biggest holding and in the comparison again for next year. Continuing growth in the Celebrus customer data platform with strong relationships with Teradata, SAS and Pega. XPP - Full benefit of recent acquisitions still to come , no direct exposure to consumer electronics but share price has retraced over concerns about increasing exposure to semiconductor industry and tariffs on China, the second factory in Vietnam comes on stream in H1 2019. CHH - Been on my watchlist for a while and finally bought last week - has grown operating margins over the years with higher added value products for exports in the hospitality sector. SDI - Good mix of organic and acquisitions growth, niche technological businesses so possibly reduced recession risk. GHT - Hammered recently on profits warning because of contracts held over to 2019. Strong data integrity/control product so expect recovery next year. RP19 0 0 0 CRU - Plastics fabricator. A number of recent RNS's which show new orders and ahead of previous years. Despite this, the price has not shifted much and think it will catch up next year. Innovating with new products, increasing range of services and pays a dividend. Weakness - Has previously hit bumps in the road to hinder apparent progress and is capital intensive. D4T4 - Data solutions provider. Effective manipulation of data is integral to many businesses and I can only see it becoming more and more important. Management seem focussed and not on a racy rating. Weakness - Orders can be lumpy and some reliance on a few customers. However, overall I like their offering. DRV - Engineering and construction consultancy services (planning, project management, dispute resolution etc). Back on track after some poor years when it acquired badly. The sector is experiencing a lot of M&A activity and hopefully may become a target. Weakness - is a business that relies on its people and the nature of the work provides limited visibility. Selected it last year. FFX - Payments service provider to retail and corporate clients. Executed well to date and has a high level of operational gearing. Recent RNS about entry into the USA could be interesting. Hit by recent wider market downturn. Am backing it to bounce back. Selected it last year. VLE - Owners buy struggling companies, turns them around and sells them on. Share price largely discounts realistic valuations for VLE's investments. Sold its star performer Impetus Automotive for a considerable premium this year and is sat on a lot of cash. Weakness - They wont be rushed into their next purchase and this may limit potential share price appreciation in the short term. Selected it last year. reartbmud AMS - The share price is down almost 20% in the year, and although it has a relatively high PE and a poor dividend yield, there is room for recovery. There is £71m cash in the bank and margins improved. Now is the time for sales to grow in the USA. They have had to reorganize the business there and hopefully greater stability will create better returns. Maybe they will reconsider dividend policy. margins improved. BREE - Probably a punt based on the level of infrastructure spending in the UK in 2019, but the acquisition of Lagan in Ireland provides another arm to the business. Good positive cashflow is required to pay down the spike in debt, following the last purchase. They have a first -class management who were hewn out of rock, rather than being born. Directors have loaded up in the dip. A 20% recovery wouldn’t be out of reach. LLOY - Yes, take 2 on the entry. Domestically biased all will depend on the UK economy, but a year is a long time in markets, as 2018 has demonstrated. A 5.92% yield that is ‘guaranteed217; as much as any may prove attractive. If the dividend is slightly improved and profits grow and the ‘fraudulent217; PPI scheme finally winds up, there is scope for recovery in a year in which markets could be flat. LTG - A management that will never sit on their hands, so more deals will be done to add profits to the organic growth prospects of the existing business. People Fluent will have a full year under the LTG banner, was earnings enhancing from the outset, and cost savings should kick in to greater effect on the bottom line. Cross selling amongst existing businesses should provide organic growth. The company is a strong cash generator. XPD - Well oversold on Brexit fears, coupled with a falloff in UK consumer spending. The company has a strong footprint within its’ area of operation, with the possibility of further growth through bolt-on acquisitions. The UK market may well be receptive to products imported from markets serviced by the company. A very organized, committed and driven management. attrader XPD - Transport and logistics group acquiring smaller firms in easter Europe. ROI on acquired businesses is around 10% so it might not be a great investment in the long run. GLE - Low cost house builder aiming to double unit production by 2022. It pays decent dividend. Business performance is highly cyclical - needs constant supply of land along with housing demand and availability of mortgages. IGG - Spread betting business diversifying into SIPP and Index funds. Government is increasing regulation to protect novice punters. BUR - Litigation finance player investing ever increasing sums of cash for high returns. Low barriers to entry will invite larger players reducing ROI for future investments. NPSNY (Naspers ADR) - South African tech investor with large stake in Tencent along with other emerging market tech investments. Trading at significant discount to NAV. A crash in tech valuations can dent their performance in coming years. janeann ACSO - Global ticketing specialist providing technology to improve customer experience primarily in leisure attractions theme parks etc. Leader in its field. Started out to avoid queueing at theme parks and developed since. Large global customer base. Growing by both expansion and acquisition, and growth expected to continue. Price now at a discount to 1 year ago despite substantial progress. ARC - Is a small niche player and provides solutions to managing real time market data - both software and consultancy. Number of very high profile clients with recurring revenue streams. Dividend payer and hopefully will gain a few new large clients in 2019. PRSM - Software company specialising and leading the field in development of robotic process automation particularly of more routing back office tasks enabling the freeing up staff to do more productive tasks. Globally active in events and with a diverse range of high profile partners prsm is at the forefront of the developing technology. ZTF - Specialist manufacturer of plastic foam for a very broad and diverse range of industries including sports, automotive & construction. Many specialist uses and complex production process. Recent deal with Nike. Expanded production base in China and Poland now coming onstream and plans to expand in UK also. Dividend payer. Leon Boros recently taken a stake. LTG - is a dividend paying company providing digital learning solutions and interactive media programmes to a broad range of clients including government. Aiming to grow by both broadening its range of products and clients across a broader geographic range as well as via acquisition. Read Full Thread Follow Reply
26/12/2018 12:38	apad: Cooltools (ARC G4M ZOO GHH SPX) Lauders (AMER ARS HCM SIA TXP) apad (DIS IGG SOS XPD FEVR) dacian (BVXP CBOX GDWN TM17 RRE) janeann (ARC ACSO PRSM SPE ZTF) lomax99 (BUR FUTR HL. FFX ACSO) Valhamos(D4T4 XPP CHH SDI GHT) RP19 (CRU D4T4 DRV FFX VLE) redartbmud (AMS BREE LLOY LTG XPD) attrader (XPD GLE IGG BUR NPSNY) Cooltools ARC - long time holder, ex employee, own 2% approx, 50% of portfolio G4M - ltm, bought when 170p, now 540p, but price has been dithering for 18 months. Brother is a musician, he brought my attention to it in the early days and I loved the website, value and range - and particularly the feeling of support and being part of it (unlike most resellers, which are buy and forget). Expanding across Europe and US, waiting to see if it results in profits over this Christmas. 20% of portfolio. ZOO - I'm a geek/nerd, so interested in their cloud based multi-lingual dubbing, sub-titles etc. 10% of portfolio GHH - relates to my masters in microelectonics and opto-electronics, considering this a low risk stalwart. 10% of portfolio SPX - bit of a gamble, but like old-school engineering (steam!) with modern applications. 10% of portfolio. Lauders AMER - Colombian oiler that has taken a share price hit this year but recent news has been excellent and there has been strong director buying. I believe that things will get better in 2019 providing the oil price holds of course. ARS - A junior (puppy) copper play. Again taken a major share price hit recently but if good news comes on drilling, partnering and the Cu price strengthens then the appetite could return quickly. HCM - News due before the end of the year so could strengthen significantly if positive. However, it is Chinese and if news is not so good on the trials and alliances it could take a major hit. If Trump continues his Chinese battles then again could be impacted. SIA - One of my dogs! Not a puppy but a badly behaving large one. I think the trainer will have sorted it out by new year and its behaviour will improve. Recent news about its Egyptian acquisition that will hopefully be completed in the first half of 2019 will producing some drilling and get the news flowing again. There may be other M&A activity involving the company in the year. TXP - Another oiler (oil had better perform well in 2019!) based in Trinidad and Tobago. News due before year end again but some important drilling will be undertaken in 2019 with the potential to significantly change the MKT Cap of the company. Should be exciting! apad DIS - Could turn out to be a decent rum brand, but might carry lumbering on. IGG - Oversold income stock. Worldwide bear market risk. SOS - Looks like its on a roll with very impressive managers/owners. XPD - Oversold on Brexit fears. Danger of it overdoing it on aero and marine. FEVR - US potential and a rising divi stream. UK probably saturated. dacian BVXP- troponin only a matter of time, one of the best and well run co's on aim. I'll stick with it till the story changes. CBOX- take away cake shops with steady roll-out over the next couple of years, family run and skin in the game. Never tasted one. GDWN- my favourite uk engineer. Unless we get a nasty recession the investment phase over the last few years should start to deliver and they pay a dividend. TM17- a games developer and publisher run by a ceo with funky, red hair. It's a bet on her ability to discover and sign successful indie games. RRE- A bit of a Serica story but younger and cheaper. It aspires to pay a dividend. lomax99 BUR Low PE, some way off it’s highs. clear market leader in litigation finance, a sector still in it’s infancy. FUTR Digital media innovator, recent transformative acquisition, strong recent/anticipated growth. HL. Clear D2C market leader, high margins, solid structural growth story, now widening focus to target the significant wealth/cash savings market. FFX An ISP, constantly expanding their range of services, delivered efficiently using their own online platform. Strong growth to-date/anticipated. ACSO Fall overdone, almost on a normal PE! Good growth prospects ahead, an innovator. Valhamos D4T4 - My biggest holding and in the comparison again for next year. Continuing growth in the Celebrus customer data platform with strong relationships with Teradata, SAS and Pega. XPP - Full benefit of recent acquisitions still to come , no direct exposure to consumer electronics but share price has retraced over concerns about increasing exposure to semiconductor industry and tariffs on China, the second factory in Vietnam comes on stream in H1 2019. CHH - Been on my watchlist for a while and finally bought last week - has grown operating margins over the years with higher added value products for exports in the hospitality sector. SDI - Good mix of organic and acquisitions growth, niche technological businesses so possibly reduced recession risk. GHT - Hammered recently on profits warning because of contracts held over to 2019. Strong data integrity/control product so expect recovery next year. RP19 CRU - Plastics fabricator. A number of recent RNS's which show new orders and ahead of previous years. Despite this, the price has not shifted much and think it will catch up next year. Innovating with new products, increasing range of services and pays a dividend. Weakness - Has previously hit bumps in the road to hinder apparent progress and is capital intensive. D4T4 - Data solutions provider. Effective manipulation of data is integral to many businesses and I can only see it becoming more and more important. Management seem focussed and not on a racy rating. Weakness - Orders can be lumpy and some reliance on a few customers. However, overall I like their offering. DRV - Engineering and construction consultancy services (planning, project management, dispute resolution etc). Back on track after some poor years when it acquired badly. The sector is experiencing a lot of M&A activity and hopefully may become a target. Weakness - is a business that relies on its people and the nature of the work provides limited visibility. Selected it last year. FFX - Payments service provider to retail and corporate clients. Executed well to date and has a high level of operational gearing. Recent RNS about entry into the USA could be interesting. Hit by recent wider market downturn. Am backing it to bounce back. Selected it last year. VLE - Owners buy struggling companies, turns them around and sells them on. Share price largely discounts realistic valuations for VLE's investments. Sold its star performer Impetus Automotive for a considerable premium this year and is sat on a lot of cash. Weakness - They wont be rushed into their next purchase and this may limit potential share price appreciation in the short term. Selected it last year. reartbmud AMS - The share price is down almost 20% in the year, and although it has a relatively high PE and a poor dividend yield, there is room for recovery. There is £71m cash in the bank and margins improved. Now is the time for sales to grow in the USA. They have had to reorganize the business there and hopefully greater stability will create better returns. Maybe they will reconsider dividend policy. margins improved. BREE - Probably a punt based on the level of infrastructure spending in the UK in 2019, but the acquisition of Lagan in Ireland provides another arm to the business. Good positive cashflow is required to pay down the spike in debt, following the last purchase. They have a first -class management who were hewn out of rock, rather than being born. Directors have loaded up in the dip. A 20% recovery wouldn’t be out of reach. LLOY - Yes, take 2 on the entry. Domestically biased all will depend on the UK economy, but a year is a long time in markets, as 2018 has demonstrated. A 5.92% yield that is ‘guaranteed217; as much as any may prove attractive. If the dividend is slightly improved and profits grow and the ‘fraudulent217; PPI scheme finally winds up, there is scope for recovery in a year in which markets could be flat. LTG - A management that will never sit on their hands, so more deals will be done to add profits to the organic growth prospects of the existing business. People Fluent will have a full year under the LTG banner, was earnings enhancing from the outset, and cost savings should kick in to greater effect on the bottom line. Cross selling amongst existing businesses should provide organic growth. The company is a strong cash generator. XPD - Well oversold on Brexit fears, coupled with a falloff in UK consumer spending. The company has a strong footprint within its’ area of operation, with the possibility of further growth through bolt-on acquisitions. The UK market may well be receptive to products imported from markets serviced by the company. A very organized, committed and driven management. attrader XPD - Transport and logistics group acquiring smaller firms in easter Europe. ROI on acquired businesses is around 10% so it might not be a great investment in the long run. GLE - Low cost house builder aiming to double unit production by 2022. It pays decent dividend. Business performance is highly cyclical - needs constant supply of land along with housing demand and availability of mortgages. IGG - Spread betting business diversifying into SIPP and Index funds. Government is increasing regulation to protect novice punters. BUR - Litigation finance player investing ever increasing sums of cash for high returns. Low barriers to entry will invite larger players reducing ROI for future investments. NPSNY (Naspers ADR) - South African tech investor with large stake in Tencent along with other emerging market tech investments. Trading at significant discount to NAV. A crash in tech valuations can dent their performance in coming years. Read Full Thread Follow Reply
23/12/2018 10:17	apad: Cooltools (ARC G4M ZOO GHH SPX) Lauders (AMER ARS HCM SIA TXP) apad (DIS IGG SOS XPD FEVR) dacian (BVXP CBOX GDWN TM17 RRE) janeann (ARC ACSO PRSM SPE ZTF) lomax99 (BUR FUTR HL. FFX ACSO) Valhamos(D4T4 XPP CHH SDI GHT) RP19 (CRU D4T4 DRV FFX VLE) redartbmud (AMS BREE LLOY LTG XPD) Cooltools ARC - long time holder, ex employee, own 2% approx, 50% of portfolio G4M - ltm, bought when 170p, now 540p, but price has been dithering for 18 months. Brother is a musician, he brought my attention to it in the early days and I loved the website, value and range - and particularly the feeling of support and being part of it (unlike most resellers, which are buy and forget). Expanding across Europe and US, waiting to see if it results in profits over this Christmas. 20% of portfolio. ZOO - I'm a geek/nerd, so interested in their cloud based multi-lingual dubbing, sub-titles etc. 10% of portfolio GHH - relates to my masters in microelectonics and opto-electronics, considering this a low risk stalwart. 10% of portfolio SPX - bit of a gamble, but like old-school engineering (steam!) with modern applications. 10% of portfolio. Lauders AMER - Colombian oiler that has taken a share price hit this year but recent news has been excellent and there has been strong director buying. I believe that things will get better in 2019 providing the oil price holds of course. ARS - A junior (puppy) copper play. Again taken a major share price hit recently but if good news comes on drilling, partnering and the Cu price strengthens then the appetite could return quickly. HCM - News due before the end of the year so could strengthen significantly if positive. However, it is Chinese and if news is not so good on the trials and alliances it could take a major hit. If Trump continues his Chinese battles then again could be impacted. SIA - One of my dogs! Not a puppy but a badly behaving large one. I think the trainer will have sorted it out by new year and its behaviour will improve. Recent news about its Egyptian acquisition that will hopefully be completed in the first half of 2019 will producing some drilling and get the news flowing again. There may be other M&A activity involving the company in the year. TXP - Another oiler (oil had better perform well in 2019!) based in Trinidad and Tobago. News due before year end again but some important drilling will be undertaken in 2019 with the potential to significantly change the MKT Cap of the company. Should be exciting! apad DIS - Could turn out to be a decent rum brand, but might carry lumbering on. IGG - Oversold income stock. Worldwide bear market risk. SOS - Looks like its on a roll with very impressive managers/owners. XPD - Oversold on Brexit fears. Danger of it overdoing it on aero and marine. FEVR - US potential and a rising divi stream. UK probably saturated. dacian BVXP- troponin only a matter of time, one of the best and well run co's on aim. I'll stick with it till the story changes. CBOX- take away cake shops with steady roll-out over the next couple of years, family run and skin in the game. Never tasted one. GDWN- my favourite uk engineer. Unless we get a nasty recession the investment phase over the last few years should start to deliver and they pay a dividend. TM17- a games developer and publisher run by a ceo with funky, red hair. It's a bet on her ability to discover and sign successful indie games. RRE- A bit of a Serica story but younger and cheaper. It aspires to pay a dividend. lomax99 BUR Low PE, some way off it’s highs. clear market leader in litigation finance, a sector still in it’s infancy. FUTR Digital media innovator, recent transformative acquisition, strong recent/anticipated growth. HL. Clear D2C market leader, high margins, solid structural growth story, now widening focus to target the significant wealth/cash savings market. FFX An ISP, constantly expanding their range of services, delivered efficiently using their own online platform. Strong growth to-date/anticipated. ACSO Fall overdone, almost on a normal PE! Good growth prospects ahead, an innovator. Valhamos D4T4 - My biggest holding and in the comparison again for next year. Continuing growth in the Celebrus customer data platform with strong relationships with Teradata, SAS and Pega. XPP - Full benefit of recent acquisitions still to come , no direct exposure to consumer electronics but share price has retraced over concerns about increasing exposure to semiconductor industry and tariffs on China, the second factory in Vietnam comes on stream in H1 2019. CHH - Been on my watchlist for a while and finally bought last week - has grown operating margins over the years with higher added value products for exports in the hospitality sector. SDI - Good mix of organic and acquisitions growth, niche technological businesses so possibly reduced recession risk. GHT - Hammered recently on profits warning because of contracts held over to 2019. Strong data integrity/control product so expect recovery next year. RP19 CRU - Plastics fabricator. A number of recent RNS's which show new orders and ahead of previous years. Despite this, the price has not shifted much and think it will catch up next year. Innovating with new products, increasing range of services and pays a dividend. Weakness - Has previously hit bumps in the road to hinder apparent progress and is capital intensive. D4T4 - Data solutions provider. Effective manipulation of data is integral to many businesses and I can only see it becoming more and more important. Management seem focussed and not on a racy rating. Weakness - Orders can be lumpy and some reliance on a few customers. However, overall I like their offering. DRV - Engineering and construction consultancy services (planning, project management, dispute resolution etc). Back on track after some poor years when it acquired badly. The sector is experiencing a lot of M&A activity and hopefully may become a target. Weakness - is a business that relies on its people and the nature of the work provides limited visibility. Selected it last year. FFX - Payments service provider to retail and corporate clients. Executed well to date and has a high level of operational gearing. Recent RNS about entry into the USA could be interesting. Hit by recent wider market downturn. Am backing it to bounce back. Selected it last year. VLE - Owners buy struggling companies, turns them around and sells them on. Share price largely discounts realistic valuations for VLE's investments. Sold its star performer Impetus Automotive for a considerable premium this year and is sat on a lot of cash. Weakness - They wont be rushed into their next purchase and this may limit potential share price appreciation in the short term. Selected it last year. reartbmud AMS - The share price is down almost 20% in the year, and although it has a relatively high PE and a poor dividend yield, there is room for recovery. There is £71m cash in the bank and margins improved. Now is the time for sales to grow in the USA. They have had to reorganize the business there and hopefully greater stability will create better returns. Maybe they will reconsider dividend policy. margins improved. BREE - Probably a punt based on the level of infrastructure spending in the UK in 2019, but the acquisition of Lagan in Ireland provides another arm to the business. Good positive cashflow is required to pay down the spike in debt, following the last purchase. They have a first -class management who were hewn out of rock, rather than being born. Directors have loaded up in the dip. A 20% recovery wouldn’t be out of reach. LLOY - Yes, take 2 on the entry. Domestically biased all will depend on the UK economy, but a year is a long time in markets, as 2018 has demonstrated. A 5.92% yield that is ‘guaranteed217; as much as any may prove attractive. If the dividend is slightly improved and profits grow and the ‘fraudulent217; PPI scheme finally winds up, there is scope for recovery in a year in which markets could be flat. LTG - A management that will never sit on their hands, so more deals will be done to add profits to the organic growth prospects of the existing business. People Fluent will have a full year under the LTG banner, was earnings enhancing from the outset, and cost savings should kick in to greater effect on the bottom line. Cross selling amongst existing businesses should provide organic growth. The company is a strong cash generator. XPD - Well oversold on Brexit fears, coupled with a falloff in UK consumer spending. The company has a strong footprint within its’ area of operation, with the possibility of further growth through bolt-on acquisitions. The UK market may well be receptive to products imported from markets serviced by the company. A very organized, committed and driven management. Read Full Thread Follow Reply
23/12/2018 09:00	apad: Cooltools (ARC G4M ZOO GHH SPX) Lauders (AMER ARS HCM SIA TXP) apad (DIS IGG SOS XPD FEVR) dacian (BVXP CBOX GDWN TM17 RRE) janeann (ARC ACSO PRSM SPE ZTF) lomax99 (BUR FUTR HL. FFX ACSO) Valhamos(D4T4 XPP CHH SDI GHT) Cooltools ARC - long time holder, ex employee, own 2% approx, 50% of portfolio G4M - ltm, bought when 170p, now 540p, but price has been dithering for 18 months. Brother is a musician, he brought my attention to it in the early days and I loved the website, value and range - and particularly the feeling of support and being part of it (unlike most resellers, which are buy and forget). Expanding across Europe and US, waiting to see if it results in profits over this Christmas. 20% of portfolio. ZOO - I'm a geek/nerd, so interested in their cloud based multi-lingual dubbing, sub-titles etc. 10% of portfolio GHH - relates to my masters in microelectonics and opto-electronics, considering this a low risk stalwart. 10% of portfolio SPX - bit of a gamble, but like old-school engineering (steam!) with modern applications. 10% of portfolio. Lauders AMER - Colombian oiler that has taken a share price hit this year but recent news has been excellent and there has been strong director buying. I believe that things will get better in 2019 providing the oil price holds of course. ARS - A junior (puppy) copper play. Again taken a major share price hit recently but if good news comes on drilling, partnering and the Cu price strengthens then the appetite could return quickly. HCM - News due before the end of the year so could strengthen significantly if positive. However, it is Chinese and if news is not so good on the trials and alliances it could take a major hit. If Trump continues his Chinese battles then again could be impacted. SIA - One of my dogs! Not a puppy but a badly behaving large one. I think the trainer will have sorted it out by new year and its behaviour will improve. Recent news about its Egyptian acquisition that will hopefully be completed in the first half of 2019 will producing some drilling and get the news flowing again. There may be other M&A activity involving the company in the year. TXP - Another oiler (oil had better perform well in 2019!) based in Trinidad and Tobago. News due before year end again but some important drilling will be undertaken in 2019 with the potential to significantly change the MKT Cap of the company. Should be exciting! apad DIS - Could turn out to be a decent rum brand, but might carry lumbering on. IGG - Oversold income stock. Worldwide bear market risk. SOS - Looks like its on a roll with very impressive managers/owners. XPD - Oversold on Brexit fears. Danger of it overdoing it on aero and marine. FEVR - US potential and a rising divi stream. UK probably saturated. dacian BVXP- troponin only a matter of time, one of the best and well run co's on aim. I'll stick with it till the story changes. CBOX- take away cake shops with steady roll-out over the next couple of years, family run and skin in the game. Never tasted one. GDWN- my favourite uk engineer. Unless we get a nasty recession the investment phase over the last few years should start to deliver and they pay a dividend. TM17- a games developer and publisher run by a ceo with funky, red hair. It's a bet on her ability to discover and sign successful indie games. RRE- A bit of a Serica story but younger and cheaper. It aspires to pay a dividend. lomax99 BUR Low PE, some way off it’s highs. clear market leader in litigation finance, a sector still in it’s infancy. FUTR Digital media innovator, recent transformative acquisition, strong recent/anticipated growth. HL. Clear D2C market leader, high margins, solid structural growth story, now widening focus to target the significant wealth/cash savings market. FFX An ISP, constantly expanding their range of services, delivered efficiently using their own online platform. Strong growth to-date/anticipated. ACSO Fall overdone, almost on a normal PE! Good growth prospects ahead, an innovator. Valhamos D4T4 - My biggest holding and in the comparison again for next year. Continuing growth in the Celebrus customer data platform with strong relationships with Teradata, SAS and Pega. XPP - Full benefit of recent acquisitions still to come , no direct exposure to consumer electronics but share price has retraced over concerns about increasing exposure to semiconductor industry and tariffs on China, the second factory in Vietnam comes on stream in H1 2019. CHH - Been on my watchlist for a while and finally bought last week - has grown operating margins over the years with higher added value products for exports in the hospitality sector. SDI - Good mix of organic and acquisitions growth, niche technological businesses so possibly reduced recession risk. GHT - Hammered recently on profits warning because of contracts held over to 2019. Strong data integrity/control product so expect recovery next year. Read Full Thread Follow Reply
19/12/2018 21:45	apad: Cooltools (ARC G4M ZOO GHH SPX) Lauders (AMER ARS HCM SIA TXP) 0 0 0 apad (DIS IGG SOS XPD FEVR) dacian (BVXP CBOX GDWN TM17 RRE) janeann (ARC ACSO PRSM SPE ZTF) lomax99 (BUR FUTR HL. FFX ACSO) Cooltools ARC - long time holder, ex employee, own 2% approx, 50% of portfolio G4M - ltm, bought when 170p, now 540p, but price has been dithering for 18 months. Brother is a musician, he brought my attention to it in the early days and I loved the website, value and range - and particularly the feeling of support and being part of it (unlike most resellers, which are buy and forget). Expanding across Europe and US, waiting to see if it results in profits over this Christmas. 20% of portfolio. ZOO - I'm a geek/nerd, so interested in their cloud based multi-lingual dubbing, sub-titles etc. 10% of portfolio GHH - relates to my masters in microelectonics and opto-electronics, considering this a low risk stalwart. 10% of portfolio SPX - bit of a gamble, but like old-school engineering (steam!) with modern applications. 10% of portfolio. Lauders 0 0 0 AMER - Colombian oiler that has taken a share price hit this year but recent news has been excellent and there has been strong director buying. I believe that things will get better in 2019 providing the oil price holds of course. ARS - A junior (puppy) copper play. Again taken a major share price hit recently but if good news comes on drilling, partnering and the Cu price strengthens then the appetite could return quickly. HCM - News due before the end of the year so could strengthen significantly if positive. However, it is Chinese and if news is not so good on the trials and alliances it could take a major hit. If Trump continues his Chinese battles then again could be impacted. SIA - One of my dogs! Not a puppy but a badly behaving large one. I think the trainer will have sorted it out by new year and its behaviour will improve. Recent news about its Egyptian acquisition that will hopefully be completed in the first half of 2019 will producing some drilling and get the news flowing again. There may be other M&A activity involving the company in the year. TXP - Another oiler (oil had better perform well in 2019!) based in Trinidad and Tobago. News due before year end again but some important drilling will be undertaken in 2019 with the potential to significantly change the MKT Cap of the company. Should be exciting! apad DIS - Could turn out to be a decent rum brand, but might carry lumbering on. IGG - Oversold income stock. Worldwide bear market risk. SOS - Looks like its on a roll with very impressive managers/owners. XPD - Oversold on Brexit fears. Danger of it overdoing it on aero and marine. FEVR - US potential and a rising divi stream. UK probably saturated. dacian BVXP- troponin only a matter of time, one of the best and well run co's on aim. I'll stick with it till the story changes. CBOX- take away cake shops with steady roll-out over the next couple of years, family run and skin in the game. Never tasted one. GDWN- my favourite uk engineer. Unless we get a nasty recession the investment phase over the last few years should start to deliver and they pay a dividend. TM17- a games developer and publisher run by a ceo with funky, red hair. It's a bet on her ability to discover and sign successful indie games. RRE- A bit of a Serica story but younger and cheaper. It aspires to pay a dividend. lomax99 0 0 0 BUR Low PE, some way off it’s highs. clear market leader in litigation finance, a sector still in it’s infancy. FUTR Digital media innovator, recent transformative acquisition, strong recent/anticipated growth. HL. Clear D2C market leader, high margins, solid structural growth story, now widening focus to target the significant wealth/cash savings market. FFX An ISP, constantly expanding their range of services, delivered efficiently using their own online platform. Strong growth to-date/anticipated. ACSO Fall overdone, almost on a normal PE! Good growth prospects ahead, an innovator. Read Full Thread Follow Reply
04/12/2018 13:27	janeann: red I thought I answered/tried to answer in effect your post above back in June........... 02 Jun 2018 - 17:22:49 - 19225 of 22800 ' I appreciate that there is momentum based on transaction volume, but that is historic. How does that predict the future movement?' bamboo might answer this but as I see it; and I have been mulling the issue for some while as I started as a non believer and am now starting to see why it might work ... Vast numbers of buys and sells dictate the movement of share prices. that is replicated across different companies and over time. and the past data can then be analysed to determine if certain trends (in buys and sells and share price movements) e.g and head and shoulders ... that have occurred are good predictors of certain share price movements that have also occurred. One can then apply that logic to look for movements that appear to be correlated with certain prior patterns to current share price movements with a view to identifying what the next move might be. happy to be shot down but that's how I see it and tried to put it in laymans terms. Ps (it perhaps also explains why goldman sachs were offering enormous sums to O and C mathematics undergrads as holiday jobs) Read Full Thread Follow Reply
19/10/2018 13:34	lauders: Took profits on ZYT back in 2015. Wondering about returning with a small starter holding. Fits my interest in yielding small caps. Any views, I've lost touch. Not sure you noted this opinion Apad: Good morning! A couple of things which caught my eye so far: Games Workshop (LON:GAW) - trading statement Zytronic (LON:ZYT) - trading update Tatton Asset Management (LON:TAM) - trading statement Peel Hotels (LON:PHO) - interim results Games Workshop (LON:GAW) Share price: £30.175 (-9%) No. of shares: 32 million Market cap: £977 million Trading Statement This is almost comedic in its brevity: Following on from the Group's update in September, trading to 7 October 2018 has continued well. Compared to the same period in the prior year, sales are ahead and profits are at a similar level to the prior year. However, the Board remains aware that there are some uncertainties in the trading periods ahead for the rest of the 2018/19 financial year. A further update will be given as appropriate. The share price has now fallen by 25% from its recent high, with a further 9% fall today. Isn't it remarkable that nearly £100 million pounds in value can be wiped away merely at the mention of "some uncertainties"? I suppose there's a little bit more to it than that. There is a slight cause for concern in that profit margins must have slipped, if sales are up and profits are flat. But there's also a discrepancy (in the company's favour) between official forecasts and this update. Official forecasts for the full-year ending in June 2019 are that sales will be a little lower and pre-tax profit will fall by c. 17% to £62 million, before the trend turns positive again in FY 2020. But according to this note, sales so far are up and profits are flat. So if this trend could be sustained for the rest of the year (not guaranteed by any means, since there are still 7-8 months left), then we would be on course for an earnings beat by the end of the year. Given that management have expressed some caution (over unnamed uncertainties), I'm inclined to think that we won't get an earnings beat in the end. As I've said many times, the product cycle with GAW can be a bit lumpy and we shouldn't necessarily view this on a 12-month cycle. Anyway, let's not read too much into this cryptic RNS. The company is doing ok, but the future is uncertain (as always). As you were! Zytronic (LON:ZYT) Share price: 385p (-9%) No. of shares: 16 million Market cap: £62 million Trading Update This makes touch screens used in casinos, ATMs, etc. When studying it before, I've come away with the view that it's a good, quality company with conservative management. By "conservative", I mean that only a small fraction of operational cash flow has been reinvested into capex and R&D. Instead, the company has chosen to pay out hefty dividends (>6% yield currently) and to build up a big cash pile on its balance sheet. Let's bring the story up to date: Full year revenues £22 million, in line with market expectations. PBT £4.2 million, which is behind expectations. I can see a forecast for £5.2 million, so this is 19% miss. The causes of the PBT miss are litigation (now settled) and lower margins arising from the increase in sales. The company affirms the strength of its cash pile (£14.6 million) and says it is working to improve margins with the new product designs and production techniques required. My view - the litigation looks like a genuinely one-off event, and is irrelevant to Zytronic's long-term value. The failure to maintain margins is more disappointing, but I would expect the company to successfully address it. It's important to understand that this company has been around for a long time, has a long-standing CEO, and is managed very carefully (as I mentioned earlier). So for me, looking at the big-picture context, I think the market is currently pricing this about right. It's unlikely to shoot the lights out, but it's also unlikely to be mismanaged into oblivion. Https://www.stockopedia.com/content/small-cap-value-report-thur-18-oct-2018-gaw-zyt-tam-pho-409874/ Read Full Thread Follow Reply

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