Small Cap Value Report (Mon 22 Nov 2021) - ANG, CER, FDEV, CNIC
Good morning! It's Paul amp; Jack here with the SCVR for Monday. Mello - details of tonight's show are here. Cerillion (LON:CER) is certainly an impressive company. Agenda - Paul's Section - Angling Direct (LON:ANG) - 2 more updates re cybersecurity incident were issued last week, so I recap on the situation, which now looks under control. Cerillion (LON:CER) - tremendously impressive results from this telecoms billing software company. Profits are soaring, and the order book is strong, suggesting another good year is in the pipeline. Broker forecasts are up, but still look too cautious. Superb balance sheet amp; cashflows. This is a really impressive business, not without risk though. I think the valuation seems justified, there's a lot to like here. Frontier Developments (LON:FDEV) - profit warning slams this computer games company down about 37%. This is due to disappointing sales of 2 games, but the company doesn't know if it can recoup this over the festive season. Lack of revenue amp; profit visibility worries me. Might be a buying opportunity, if you know more than I do about the company, and you like it?...