RE: Company news today!!30 Jul 2020 09:05
HML Holdings (HMLH) rec offer 37.5p, a 27% premium for this mediocre property services co.
Diurnal (DNL) guides FY(June) rev for Alkindi up 130%. Is this all of rev?
BigDish (DISH) 1250 restaurants have joined, including prev announced Pizza Hut. BigDish-to-GO will launch in beta towards the end of next week. Recall that DISH currently not charging.
Omega Diagnostics (ODX) UK Rapid Test Consortium, of which Omega is a partner, has had the covid antibody test approved for professional use.
SigmaRoc (SRC) guides H1(June) rev up 83%, U/L EBITDA up 91%, ahead of mgmt expectations. No FY guidance. I hold.
Intercede (IGP) wins US Homeland Security contract. No numbers. The contract was included in mgmt expectations for this FY.
Minds + Machines (MMX) H1 registrations up 31%, automated online channel billings up 20% reflecting move from one-off brokered billings. "As a traditionally H2 weighted business, we are further encouraged by the outlook for the full-year as new partner initiatives delayed in Q2 due to COVID-19, are now set to commence in H2."
Sopheon (SPE) partnering with snack giant Mondelez to transform its innovation and commercialization [sic] processes and portfolios. No numbers.
Volex (VLX) 'very pleased' to see flat rev in last 3 months. Still weakness primarily in the medical installation sector but demand is approaching pre-crisis levels in electric vehicles.
Tanfield (TAN) gets second loan note of £1m to fund legal action and keep the lights on.
OnTheMarket (OTMP) AGM stmt. Total advertisers now nearly 14k. Agents are seeing strong levels of activity.
Yu (YU.) guides H1(June) rev down 20%. Average monthly sales bookings £6.2m (£3.2m). U/L EBITDA ahead of expectations set by management at the start of the year but "adjusted EBITDA loss c. £2m due to covid. Uh? So one made-up BS profit good, another bad.
Biome Technologies (BIOM) guides H1(June) rev £2.6m down 28%, including grants. Blames over-capacity in the fibre optic market and covid. Bioplastics rev up 53% to £2.2m. Reduces expectations for Stanelco RF division in H2.
Norcros (NXR) last 16 weeks rev down 35%. July rev up 8%. I hold.
ScS (SCS) guides FY(July) rev down 20%. Order intake down 6%. Post-lockdown rev up 92%. "Whilst it is too early to provide clarity on the outlook for the weeks and months ahead, the Group is encouraged." I hold.
FireAngel SafetyTech (FA.) guides H1(June) rev down 20% and U/L op loss £2.7m (£1.7m). July sales expected to be flat YoY.
Belvoir (BLV) guides H1 rev 'comfortably ahead' YoY and net profit in line with pre-covid exp. Confident of meeting FY pre-Covid expectations.
In line: Stobart (LON:STOB) Smart Metering Systems (LON:SMS)
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