Shares Magazine - May 24, 2018

GREAT IDEAS UPDATES

24 May 2018 | SHARES | 17

zKh͛Z'K/E'ƚŽŶĞĞĚĂďŝƚŵŽƌĞƉĂƟĞŶĐĞ

ǁŝƚŚŚĞĂǀLJĐŽŶƐƚƌƵĐƟŽŶƉƌŽĚƵĐƚƐĮƌŵSigmaRoc

(SRC:AIM)͘tĞƚŚŝŶŬŝƚŝƐǁŽƌƚŚƐƟĐŬŝŶŐǁŝƚŚ

ƚŚĞƐŚĂƌĞƐ͘

&ƵůůƌĞƐƵůƚƐŽŶϮϭDĂLJŚŝŐŚůŝŐŚƚĞĚƚŚĞĐŽŵƉĂŶLJ͛Ɛ

ĂďŝůŝƚLJƚŽƐƋƵĞĞnjĞŵŽƌĞŽƵƚŽĨƚŚĞĂƐƐĞƚƐŝƚŚĂƐ

ĂůƌĞĂĚLJĂĐƋƵŝƌĞĚ͘dŚĞŶƵŵďĞƌƐƐŚŽǁƚŚĞZŽŶĞnj

ĂŶĚ^ŝŐŵĂ'ƐLJŽƉĞƌĂƟŽŶƐƐĂǁĐŽŵďŝŶĞĚƐĂůĞƐ

ŝŵƉƌŽǀĞƚŽάϮϳŵ͕ǁŝƚŚĞĂƌŶŝŶŐƐŽĨάρ͘ρŵ͘

ZŽŶĞnjŝƐĂŚĂƌĚƌŽĐŬƋƵĂƌƌLJŽƉĞƌĂƚŽƌĂŶĚ

ĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐƉƌŽĚƵĐĞƌďĂƐĞĚŝŶ'ƵĞƌŶƐĞLJ

ĂŶĚ:ĞƌƐĞLJ͘^ŝŐŵĂ'ƐLJŝƐĂďƵůŬƐŚŝƉƉŝŶŐŽƵƞŝƚ͘

tŝƚŚĂůĂƌŐĞŶƵŵďĞƌŽĨŝŶĚĞƉĞŶĚĞŶƚ

ŽƉĞƌĂƚŽƌƐƐƟůůĂĐƟǀĞŝŶŝƚƐŵĂƌŬĞƚ͕ĐŚŝĞĨĞdžĞĐƵƟǀĞ

DĂdžsĞƌŵŽƌŬĞŶƚĞůůƐSharesƚŚĞƌĞĂƌĞƉůĞŶƚLJŽĨ

DΘŽƉƉŽƌƚƵŶŝƟĞƐĂǀĂŝůĂďůĞƚŽƚŚĞĐŽŵƉĂŶLJ͘

tŝƚŚĨƵůůŝŶƚĞŐƌĂƟŽŶŽĨƚŚĞďƵƐŝŶĞƐƐĞƐŝƚŚĂƐ

ĂůƌĞĂĚLJĂĐƋƵŝƌĞĚĞdžƉĞĐƚĞĚŝŶƚŚĞĮƌƐƚŚĂůĨŽĨϮϬϭΘ

ƚŚĞĐŽŵƉĂŶLJĐĂŶƚƵƌŶƚŽĨƵƌƚŚĞƌĚĞĂůƐ͘

/ŶǀĞƐƚŵĞŶƚďĂŶŬĞƌĞŶďĞƌŐĐŽŵŵĞŶƚƐ͚͗tŝƚŚ

ĞƐƟŵĂƚĞĚŐƌŽƵƉŐĞĂƌŝŶŐĂƚϭ͘ϭdžϮϬϭΘŶĞƚĚĞďƚͬ

/d͕ǁĞďĞůŝĞǀĞƚŚĞďĂůĂŶĐĞƐŚĞĞƚŽīĞƌƐĐĂƉĂĐŝƚLJ

ĨŽƌĨƵƌƚŚĞƌǀĂůƵĞͲĐƌĞĂƟŶŐƚƌĂŶƐĂĐƟŽŶƐ͖ǁŚŝůĞ

ŵĂŶĂŐĞŵĞŶƚŝƐƉůĞĂƐĞĚǁŝƚŚƚŚĞƉƌŽŐƌĞƐƐŵĂĚĞ

ƚŽǁĂƌĚƐĚĞůŝǀĞƌŝŶŐŽŶƚŚĞƉŝƉĞůŝŶĞƚŚŝƐLJĞĂƌ͛͘

d,KEd/Eh/E'ƚƌĂŶƐĨŽƌŵĂƟŽŶŽĨƐƉĞĐŝĂůŝƐƚ
ŵĞĚŝĂŽƵƞŝƚFuture (FUTR) ŝƐƌĞŇĞĐƚĞĚŝŶĂŶ
ŝŵƉƌĞƐƐŝǀĞƐĞƚŽĨĮƌƐƚŚĂůĨƌĞƐƵůƚƐ;ϭϳDĂLJͿ͘
tĞůůͲŬŶŽǁŶƟƚůĞƐŝŶ&ƵƚƵƌĞ͛ƐƉŽƌƞŽůŝŽŝŶĐůƵĚĞ
Techradar and Total Film͘,ĂǀŝŶŐĚĞǀĞůŽƉĞĚĂ
ƚƌĂŶƐĨĞƌĂďůĞƉůĂƞŽƌŵ͕ƚŚĞĐŽŵƉĂŶLJ͛ƐƐƚƌĂƚĞŐLJ
ƵŶĚĞƌĐŚŝĞĨĞdžĞĐƵƟǀĞŝůůĂŚLJŶŐͲdŚŽƌŶĞŚĂƐ
ďĞĞŶƚŽŵŽŶĞƟƐĞŝƚƐƐƉĞĐŝĂůŝƐƚĐŽŶƚĞŶƚƚŚƌŽƵŐŚ
ĞͲĐŽŵŵĞƌĐĞ͕ůŝĐĞŶƐŝŶŐĂŶĚĚŝŐŝƚĂůĂĚǀĞƌƟƐŝŶŐ͘
dŚĞĐŽŵƉĂŶLJŝƐůŽŽŬŝŶŐƚŽŵĂŬĞĂĐƋƵŝƐŝƟŽŶƐ
ŽĨŽƚŚĞƌƉƵďůŝƐŚŝŶŐĂƐƐĞƚƐǁŚŝĐŚĐĂŶďĞĨĞĚŝŶƚŽ
ƚŚŝƐŵŽĚĞů͘
ZĞǀĞŶƵĞŝŶƚŚĞDĞĚŝĂĚŝǀŝƐŝŽŶǁĂƐƵƉςϮйƚŽ
άϮς͘Ϯŵ͕ƚĂŬŝŶŐŝƚƚŽŽǀĞƌρϬйŽĨƚŽƚĂůŐƌŽƵƉƌĞǀĞŶƵĞ͘
ZĞƐĞĂƌĐŚŐƌŽƵƉĚŝƐŽŶƐĂLJƐ&ƵƚƵƌĞ͛ƐŽƉƉŽƌƚƵŶŝƚLJ
ĨŽƌŐƌŽǁƚŚŝŶƚŚĞh^ŝƐ͚ƉĂƌƟĐƵůĂƌůLJĂƩƌĂĐƟǀĞ͛͘/ƚ
ĂĚĚƐ͚͗DŽŶĞƟƐĂƟŽŶŽĨƚŚĞh^ĂƵĚŝĞŶĐĞŝƐŝŵƉƌŽǀŝŶŐ͕
ďƵƚŝƐƐƟůůĂůŽŶŐǁĂLJďĞůŽǁƚŚĂƚŽĨƚŚĞh<͘;dŚĞ
ƌĞĐĞŶƚĂĐƋƵŝƐŝƟŽŶŽĨͿEĞǁďĂLJDĞĚŝĂĂĚĚƐĨƵƌƚŚĞƌ
ĚŝǀĞƌƐŝĮĐĂƟŽŶŽĨƚŚĞƌĞǀĞŶƵĞďĂƐĞ͕ŝŶƚƌŽĚƵĐŝŶŐϮ
ŽƉƉŽƌƚƵŶŝƟĞƐŝŶŝŶĨŽƌŵĂƟŽŶĂŶĚĞǀĞŶƚƐ͛͘
&ŝŶĂŶĐĞĚŝƌĞĐƚŽƌWĞŶŶLJ>ĂĚŬŝŶͲƌĂŶĚĐŽŶĮƌŵĞĚƚŽ
SharesƚŚĂƚƚŚĞďƵƐŝŶĞƐƐǁŝůůƐƟůůĐŽŶƐŝĚĞƌĂĚŝǀŝĚĞŶĚ
ƉĂLJŵĞŶƚĨŽƌƚŚĞ^ĞƉƚĞŵďĞƌϮϬϭΘĮŶĂŶĐŝĂůLJĞĂƌ͘

FUTURE

(FUTR) 520p

SIGMAROC

(SRC:AIM) 38.8p

Gain to date: 31.7%

Original entry point:

Buy at 394.88p, 21 Dec 2017

Loss to date: 10%

Original entry point:

Buy at 43.25p, 26 Oct 2017

SHARES SAYS: È

We remain fans despite the indifferent performance

of the shares. (TS)

BROKER SAYS:

SHARES SAYS: È

We continue to like the story and are not put off by

a September 2019 price-to-earnings ratio of 19.

times based on Numis forecasts given the positive

momentum in the business at present.

BROKER SAYS: 1 01000

36

38

40

42

44

46

48

50

SIGMAROC

FTSE ALL SHARE

2017 2018

Rebased to first Source: Thomson Reuters Datastream

150

200

250

300

350

400

450

500

550

FUTURE

FTSE ALL SHARE

2017 2018

Rebased to first Source: Thomson Reuters Datastream

SUPERB

STOCKS FOR

2018

UPDATE