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Ian Pollard – Seeing Machines #SEE hit by production delays

Seeing Machines Ltd SEE has been hit by its manufacturing partner delaying delivery of a number of units by some six weeks. Sales of these units have been agreed but the delay means the resulting sales revenue will not now be received within the current financial year. Sales revenue is now expected to be between A$30 to A$35m instead of the anticipated A$38 to A$43m.but this still represents a doubling of last years sales.

SigmaRoc plc SRC reports a strong year in 2017 as it exceeded expectations. The losses of 2016 were all turned into gains with 2017 EBITDA rising by 37% on sales up by 11% and on an underlying basis 2016’s loss of £2.4m. was turned into a profit before tax of £2.6m. whilst earnings er share came in at 2p. compared to a loss of 1.4p. The company says that it has now established a solid platform for growth.

UVENCO UK plc UVEN announced a week ago that it was in discussion with a third party about a possible sale. However it has now announced that the third party is no longer interested  in buying any of its trading subsidiaries as a going concern. Instead it has made an offer to acquire the assets only or alternatively acquire Drinkmaster only, as a going concern.The Board is meeting its advisors today.

Gateley Holdings plc GTLY updates that second half trading has remained strong with the Property and Corporate Businesses each recording not less than 15% fee growth. Revenue for the year to 31st April is expected to be 84m.as against 77.6m in 2017 and It is anticipated that the final dividend will be in accordance with stated policy of distributing up to 70% of after tax profits.

Beachfront Property for sale in Greece;   http://www.hiddengreece.net

ABF Expects Good Full Year Growth From Primark

AB Foods ABF Markdowns at Primark have fallen even more since the third quarter, further improving the outlook for the full year to the 16th September. Good growth is now expected in both adjusted operating profit and earnings per share. The weakness of sterling has also played its part and will provide a currency windfall of some £85m.

Restore plc RST has produced strong organic growth across the group for the half year to the 30th June and the interim dividend is to be increased by 26% to 1.67p pr share. Like for like revenue rose by 57%, EBITDA and profit before tax were both up by 59% and earnings per share by 38%. It is anticipated that the full year performance will be slightly ahead of previous expectations.

Pennant Group PEN managed to deliver a pre tax profit for the six months to the 30th June with revenue rising from £6.6m. to £9m. Profit before tax  rose from a lowly £10,582 in the first half of 2016 to £935,353 and earnings per share showed a similar sharp rise from 0.04 to 2.84p per share.  Delays in a major UK contract however, mean that for the full year revenues will be below current market expectations. in the longer term, the company has a strong order book and an encouraging pipeline for the three years to 2020 and beyond.

Seeing Machines Ltd. SEE saw second half sales rise by 250% over the first half and full year Fleet business at A$9.1m almost tripled that of 2016. The Fleet business is described as being a tremendous success with strong growth in the markets in which it participates. The strong momentum is expected to continue in 2018. However continuing major investment has meant that the net loss before tax has soared from last years A$1.6m to A$28.5m.

Science in Sport plc SIS has reached agreement with Team Sky for the renewal of its contract for a further three years.

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Daily Actions – UK Main & AIM markets 08032016

IntellisysLogoDaily Actions is a daily summary analysis of changes in short term actions from our Daily Recs – AIM and Daily Recs Main markets reports. This report is typically distributed before the open of trading in London

AIM Market

ST Rec. changed
From To
Basic Resources    
Altona Energy Buy Neutral
Ariana Resources Buy Neutral
Avocet Mining Sell Buy
Goldstone Resources Neutral Buy
Minco Buy Neutral
Zincox Resources Buy Neutral
Construction    
Michelmersh Brick Holdings Buy Neutral
Financial Services    
Amphion Innovations Buy Neutral
Tengri Resources Buy Neutral
Fletcher King Buy Neutral
Impax Asset Management Group Buy Neutral
Park Group Buy Neutral
Food & Beverage    
Asian Citrus Holding (London) Sell Neutral
Distil Buy Neutral
M P Evans Group Buy Neutral
Health Care    
Omega Diagnostics Group Buy Neutral
ReNeuron Group Buy Neutral
Verona Pharma Buy Neutral
Industrial Good & Services    
Angle Buy Neutral
Cap-XX Neutral Buy
Dart Group Neutral Sell
Nakama Group Buy Neutral
The Kellan Group Buy Neutral
Maintel Holdings Buy Neutral
Media    
Mirada Buy Neutral
Oil & Gas – Explorers    
Ascent Resources Neutral Buy
Bowleven Buy Neutral
Solo Oil Buy Neutral
Oil & Gas – Producers    
Hydrodec Group Neutral Buy
Northern Petroleum Neutral Buy
Pantheon Resources Buy Neutral
Retail    
Stanley Gibbons Group Buy Neutral
Technology    
Seeing Machines Neutral Buy
Simigon Buy Neutral
SQS Software Quality Systems Buy Neutral
Telecommunications    
MXC Capital Buy Neutral
Travel & Leisure    
Tasty Buy Neutral
Utilities    
KSK Power Ventur Buy Neutral

 

Main Market

ST Rec. changed
From To
Aerospace & Defence
Cobham Buy Neutral
Heavy Construction    
Carillion Sell Neutral
House Construction    
Redrow Buy Neutral
Insurance    
Admiral Group Neutral Sell
Media & Entertainment    
ITV Buy Neutral
Photo-Me International Sell Neutral
Oil & Gas    
Hunting Sell Neutral
Support Services    
Diploma Sell Neutral

 

 

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Fastjet Slows & Warns

Fastjet (FJET) It seems only yesterday that Fastjet  was rapidly extending its network and Sir Stelios had a wide beam on his face. Now, all that can be forgotten and rationalisation of the newly built network has become an urgent necessity. 2016 results will be materially below expectation, the year will not be cash flow positive and the company may need to raise further funds during the course of the year. The source of the problems is that the challenges facing the African aviation industry have been far more prolonged than management envisaged. The shares have been marked down 26% to 49p, prior to the start of trading this morning.

Seeing Machines (SEE) produced record revenue and profits for then half year to 31st December.  sales and service revenue grew by 594% Last years loss of A$14.2m has been turned into a profit of A$11.2m.  The partnership with Caterpillar proved to be a milestone event, producing a A$21m licence fee which helped to create the record profit.

Clarkson (CKN) has put in a robust performance in what it describes as an incredibly challenging year. Revenue for the year to the end of December and profit before tax both rose by some 25%. despite all the doom mongering in which the media engaged in 2015, overall sea born trade actually grew and the company continues to see signs of a healthier shipping market which is at least one indication that the world economy is perhaps not as bad as pundits proclaim.

Stobart (STOB) Overall performance for the year to 29th February was in line but Infrastructure exceeded expectations with a strong performance.  Biomass and Southend airport are seen as the two main driving forces for the future

Petroceltic (PCI) Oil woes spread as trading in shares of Petroceltic International has been suspended as from this morning pending clarification of the company’s financial position.

Villas & houses for sale in Greece;   http://www.hiddengreece.net

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