Newsflash for the Snoozers Part 13

Monday, 9th May 2016 08:29 - by Moosh

Carillion (CLLN) CLLN goes ex-dividend on 12 May 2016 and the company has a strong order book for 2016 with weighting towards the second half, with trading in line with expectations. I feel this to be a hold for up to 12 weeks.

Empyrean Energy (EME)

Mr Richard Appleby informed the market that his holding of EME is now 6%. It looks to me that this is an increase of his shareholding, and it comes after the increased hold by Mr James Kight in recent weeks. I feel this to be a hold for up to 3 months.

Harvey Nash (HVN)

HVN goes ex-dividend on 16 June 2016 and the final results gave earnings per share of 9.73p. If fair value begins at a PE ratio of 10 then the current PE ratio of 7.5 (market close 73p as of 6 May 2016) suggests HVN is undervalued on earnings generation. I feel this to be a hold for up to 26 weeks.

Juniper Pharmaceuticals (NASDAQ:JNP)

The first quarter results saw the revenue increase by 45% with cash roughly unchanged at ~$13m. The results of the COP-1077 Phase 2b trial are on track for the third quarter 2016. A proof of concept study for Juniper’s intravaginal ring (IVR) technology has also been published and this peer-reviewed article in a high impact journal is supportive evidence for the future potential of the IVR, especially for the trial of oxybutynin which is in the itinerary of JNP in the coming years. I feel this to be a hold for up to 20 weeks.

Proton Power Systems (PPS)

The order book for PPS stands at £1.8m, of which £1.3m is from a recent order for outdoor cabinet power units, with more orders to come over the next 7 years. These will provide PPS with a solid revenue base to work up from and the company is targeting to be cash flow positive from 2018. The COP21 conference in Paris in November 2015 was a major turning point in the fight against climate change because it resulted in 196 countries vowing to take positive actions to do something about it. Now that PPS has the infrastructure in place and a portfolio of products available for mobile and stationary applications, it seems the company is well placed now to take advantage of what should be a growing increase towards alternative energy use. In the short term I feel this to be a hold for up to 11 weeks, but long term holders should be looking to hold for up to 12 months.

Simigon (SIM)

Last week, SIM released news of a 5 year contract worth $7.9m in total, with a minimum of $1.4m per year. I feel this to be a hold for up to 8 weeks.

Virgin Money (VM.)

The company saw gross mortgage lending up 30% and credit card outstandings up 77% against those for first quarter 2015. I feel this to be a hold for up to 5 weeks.

The Writer's views are their own, not a representation of London South East's. No advice is inferred or given. If you require financial advice, please seek an Independent Financial Adviser.