We collect the tips for sharing from the Sunday paper. This week, Midas will focus on Filta Fryer Cleaners, the Sunday Times' outlook on Arrow Global, and the Sunday Telegraph dealership in Inchcape.
MAIL SUNDAY
In 1997, Jason Sayers, a 26-year-old cricketer, captained the Weybridge 1st XI. One of his cricket friends worked in teams at a local restaurant and burned himself one night as he cleaned the fryer in the kitchen.
Sayers said there was a safer way to empty the hot oil into a bucket under the fryer. He toured the city and finally found a factory in Harrogate where engine oil was filtered.
The foreman changed the team and Filta was in business. Now represented in the AIM Junior Market, Filta specializes in the management of fats, oils and fats for commercial kitchens.
The shares are valued at £ 1.56 and are expected to appreciate as the company develops rapidly and has significant development opportunities.
The first fryer cleaning company works with more than 6,000 customers a week to drain and filter its oil. It uses a process that is not only safer than traditional processes, but also environmentally friendly because most fat can be reused
The half-year figures released last week showed strong growth, and brokers anticipate sales growth of 82% to £ 26m in 2019 and a doubling of the dividend to 3.2%. ,
Due to the costs associated with the Watbio transaction, this year's earnings are expected to remain stable at £ 2.8m. However, strong growth is expected in 2020 and beyond.
Midas verdict: The Filta share exceeded £ 2.80 a year ago. Last week they closed at £ 1.56, partly because of the disappointment of the small business market and partly because of concerns that the integration of Watbio took longer than expected. The depression is over the top.
Filta is an attractive company in a growing sector and stocks should recover.
Sayers owns 48% of the company, so he's definitely motivated to get it started. The group even has a "green" element. to buy
>>> Read the complete Midas column here
SUNDAY
Emma Dunkley of the Sunday Times writes about a debt collector, Arrow Global, which includes several hedge funds .
"According to Markit, a total of 8% of the shares are on loan, making it one of the most outsourced securities in the London market."
The challenges of Arrow are the debt pile, the high costs and the attempt to expand the business model.
Brexit is both a threat and a chance. Arrow's own debt portfolio could be under pressure from borrowers who have difficulty paying in the event of a slowdown.
The short is worrying, but cost cutting and asset management growth give Arrow hope. Wait
Sunday TELEGRAPH
One quick way to earn money is to change the engine, writes James Ashton in the Sunday Telegraph.
"Inchcape is present in 32 markets and is well-versed with the automotive industry, but needs little additional funding so why the FTSE 250 dealership, whose net debt remains low even after the new standard is introduced Are you selling franchises, IFRS 16?
"The solution is capital allocation: deploying Inchcape resources where they are most useful while the car market remains difficult and uncertain."
But he adds that Inchcape uses a lot of money, provides a decent rate of return, and has low debt, while an analyst says firepower can be used over the years for repayments and acquisitions of stocks. the next years
"Stocks rose in the last month, and despite difficult markets, they seemed oversold, a stronger focus on retail sales and a reduction may increase appeal, with more than 10.2 times the expected profit this year. The questioner says: dear.
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