Last Monday Gold fell 8.5% the steepest fall for 30 years- it could signal the end of its 10 year Bull Market. FT
The collective wealth of the 1000 richest in the UK reached £450bn up 7.8% on last year.
The Master Investor Show is this Saturday 27th April at the Islington Design Centre.
Well worth the Trip
You are welcome to visit
Last week …
… shares fell back. The FTSE 100 at 6286 dropped -1.5%, FTSE 250 decreased by -2.1% and the AIM All Shares at 705 was down -2.1%. UK Inflation (CPI) was unchanged at 2.8%, Retail Sales were 0.7% lower while the BOE minutes showed that the asset purchasing policy had moved nearer to being curtailed. Generally disappointing economic news was amplified by the IMF downgrading its global GDP forecast to 3.3% from 3.5% in particular China was down to 7.5% from 7.9%.
This week …
… before Thursday’s First Qtr UK Provisional GDP figures are reported there are two CBI Trend Surveys on Industry and Retail. The recording of historic slow/low/no GDP growth, which is forecast at 0.1% is less important than the prospects of improvement. There are plenty of Euro and US data Confidence on Thursday. On low volumes markets could stand still.
Seeing Machines (See) – £9.97m at 2.1p
Driving to Profits
A 54% revenue lift to A$4.7m was reported at the Interims to December. Seeing Machines provides hardware and software monitoring and alert solutions for fatigued and distracted truck drivers. A strong sector is mining whose customers include BHP Billiton and Freeport McMoRan. Customers in new sectors are being won such as road transport, semi-autonomous cars and aircraft. Gross profit increased 57% to A$2.9m as gross margin rose slightly to 61.6% and despite a 20% increase in operating costs, the normalised pre-tax loss fell 66% to A$0.3m. Sales are made-up from hardware, software licences, installation, support and maintenance and from information reporting services. There was significant new business in North America, South America and Africa. The company sells direct in North America and Australasia and via distributors in Africa (Booyco) and South America. In November, the biggest DSS mining sector deal to date was achieved via GTD in Chile. Forecast for the June 2013 year-end are for a profit of A$0.813m (£0.32m) a first profit so crossing a value added inflection point. If the £1.2m PBT target is achieved for June 2014 the prospective P/E would be 8.7x.
There is no debt and net cash of A$1m.
DDD (DDD) – £25.2m at 18.6p
3d for All
3D technology developer DDD made its first trading profits for the year to December 2012. The number of 2d to 3d conversion licences for products increased from 9.1m to 15m and additional manufacturing licensees have been signed up. Revenues jumped 56% from $5.53m to $8.62m with an operating profit of $1.31m compared to losses. There were 7 Licences deals and renewals in 2012 including Samsung. Revenues have mainly come for 3d TVs but mobiles and tablets will be an increasing market . The group plans to build upon its growing technology licensing income, expanding onto new 3D devices including glasses-free tablet PCs. The Group also plans to further augment the Yabazam streaming service by adding new content, delivering solutions to additional brands of SmartTV and expanding the service to new categories of 3D products including tablet PCs. Profits are forecasts to improve to $3.4m (£2.5m) for December 2013, giving a prospective P/E of 11.6x
Net cash improved to $3.6m ($3.1m) and there should be a further improvement in 2013.