Small Cap Value Report (Tue 21 May 2019) - NEXS, ACSO, SHOE, MYSL, BMY, TCG

Good morning, it's Paul here.

7-8am comments

Nexus Infrastructure (LON:NEXS)
Interim results - I'll have a proper look at these later, below.
The group warned on profits on 29 Apr 2019, which I didn't get round to looking at. So it's been on my list of things to catch up on, hence interim figures today being of interest.
Operating profit of £2.9m is down 17% on last year - hardly a disaster. There has been a 40% drop in share price since the Apr 2019 profit warning, so weaker performance looks baked in already.
Strong order book. Balance sheet looks OK, with some net cash.
Stockopedia shows forward PER at 8.7 - which looks about right to me, for a cyclical contracting business.
Outlook comments today sound positive, and interim divi is being maintained.
More detail on the numbers later today.

accesso Technology (LON:ACSO)
Trading statement (AGM) - this share is on my watchlist, because it hasn't bounced after the indiscriminate sell-off in growth shares last year. My feeling is that's either a buying opportunity, or not.
Today's update reads positively, but there aren't any figures.
Historically it's been a highly seasonal, H2-weighted business.
While...