Small Cap Value Report (Wed 29 August 2018) - GYM, BKS, IQE

Good morning! 

Thanks for getting all your requests in.

Today I'm planning to look at:

GYM (LON:GYM)Beeks Financial Cloud (LON:BKS)IQE (LON:IQE)Johnston Press (LON:JPR)Richoux (LON:RIC)

GYM (LON:GYM)

Share price: 325p (unch.)No. of shares: 138 millionMarket cap: £448 million2018 Interim Results

This is the innovative low-cost gym chain which is currently experiencing rapid growth.

It's one that got away from me, as I was dabbling in the shares below 200p last year. I couldn't quite convince myself to hold on to them, however. I'd be up by nearly 80% if I had.

There could still be a fine opportunity from current levels. So let's take a look at these results.

The company says it is on track to meet market expectations.

Headlines:

Revenue +36%. An important figure but the group is expanding its estate and has grown by acquisition. So it's not a "like-for-like" number.EBITDA margin falls to 30%, "reflecting immature estate profile" and the effect of converting gyms from an acquisition it made last...