Small Cap Value Report (Weds 22 Dec 2021) - D4T4, MEAL, CAM
Good morning! It's Paul here with the SCVR. As there's not much company news this week, I'm trying to handle the SCVRs solo, to give Jack more time for other duties. Agenda - Paul's Section: D4t4 Solutions (LON:D4T4) (I hold) - 2 large contract wins are announced, but seem to be in the forecasts already. They company reassures that it should achieve its FY 3/2022 expectations. I'm struck by the size of these contracts, which will contribute 37% of the entire year's forecast revenues. Even after the recent c.30% correction in share price, it's still not cheap on a PER basis. However, I continue to be impressed by the potential for this company to scale up in future, possibly, which could transform its valuation if they succeed in winning more large contracts. No guarantees about that of course, so it requires a bit of a leap of faith. Parsley Box (LON:MEAL) - a trading update that tries to sound upbeat, being in line with lowered market expectations. However, on doing a little digging, it's clear that this company is burning through cash at a prodigious rate, and has nearly run out. It says...