News This Morning 13 January 2014
A few things have caught my eye first thing this morning with a recent subject in the weekly column announcing some positive news.
Perhaps not totally unexpected, but nevertheless, welcome news for holders and watchers of this one.
The contracts further strengthen the Group’s backlog for 2014, while the shares have this morning nudged up to 76.5p.
Further to my recent comments on OFFICE2OFFICE here on the site, the company delivered a trading update that was again not much of a surprise confirming my earlier reservations.
The company announced that underlying profit is likely to fall short of 2013 adding that market conditions will be equally challenging as last year, with margins remaining under pressure.
The company added that it already has actions under way to reduce costs and improve efficiency, while also working on complex changes to the way it does business.
The shares are now off 2p this morning and sit at a depressed 26p.
Although not a holder here, as the warning signs were clearly there, I will however keep an eye on things for reasons previously noted.
TRAKM8 also caught my eye first thing with some positive contract news. This isn’t one that I have looked at before, but may be worth some closer scrutiny as it could have growth potential.
Focused on vehicle telematics via three divisions the company announced a significant order with a
The market cap is little more than £10m and revenue for last year came in at £4.75m last year. Broker FinnCap is forecasting pre-tax profits of £700k this year with EPS of 2.3p, rising to £1.5m and 4p in 2015.
The shares are up 1.8p as I write at 37.3p.
Last, but hopefully not least, AMINO has announced that it will deliver final results on Monday 27 January 2014, the shares are presently flat at 83p.