Small Cap Value Report (Weds 27 April 2022) - IGR, ABDP, CPC, SYME, CHLL, BIDS
Good morning, it's Paul amp; Roland here this morning. Today's report is now finished.
Agenda -
Paul's Section:
Ig Design (LON:IGR) (I hold) - a trading update for FY 3/2022 reassures that trading is not deteriorating any further (after a previous series of profit warnings), and thank renewal of bank facilities is imminent. Bears might latch onto the long 3-year timeframe expected to restore profit margins, and guidance for much increased average bank debt. Overall, I think there's turnaround potential here, which hopefully a new CEO might be able to deliver. For now though, the jury's out.
£SYME amp; Chill Brands (LON:CHLL) - prompted by MrContrarian's report flagging deeply discounted fundraisings at these couple of basket cases, I expand on the theme of how difficult it now is for speculative shares to raise fresh equity. Hence investors beware, if you hold any jam tomorrow shares that need money, because the funding window has slammed shut in these bearish market conditions.
Bidstack (LON:BIDS) - FY 12/2021 results are out, which show another hefty loss. The placing from mid-2021 is not going to be enough - see the going concern note. Too speculative at this stage, although I'm keeping an eye on it,...