Good morning!

London Value Investor Conference

This is the Rolls Royce of investor conferences, and I've been fortunate enough to attend for the last two years, and will be there again this year, next week in fact, Wed 20 May. There are only 6 tickets left! We've been given a special discount code: STOCKOPEDIA-LVIC  which will get you £120 off.

There are some terrific speakers, as always, including Jonathan Ruffer, Charles Brandes, Richard Oldfield, Simon Denison-Smith, David Shapiro, and the last session is Q&A with Neil Woodford. The full schedule is here

It's not cheap, but it's a real quality event in my view. I'll have my press hat on, so will be scribbling down some notes, and will publish a couple of articles here for talks which inspire me on the day. As it's a full day, that will mean unfortunately there won't be a SCVR here on Weds next week. Hopefully my reports from the LVIC will more than make up for that though.

Here is a link to my previous reports from the 2014 & 2013 LVIC, which are worth a recap. Jon Moulton's talk in particular was brilliant last year, and had a lot of relevance for those of us who like to meet management of companies in which we invest.

Anyway, on to what's happening today. It's quiet, so I'll circle back to a couple of announcements I overlooked yesterday from Ideagen (LON:IDEA) and Robinson (LON:RBN) at the end of today's report.


Tribal (LON:TRB)

Share price: 139p (down 8% today)
No. shares: 94.8m
Market Cap: £131.8m

AGM trading update - by the way, in case anyone doesn't realise this, the blue headers are clickable links to the relevant announcement. So if you right-click and select "open in new tab", then you can refer to the source document on investegate.co.uk .

Clearly this has been perceived as a mild profit warning, as the shares are down 8%, so let's have a rummage. Tribal is a "leading provider of software and services for education management" - a nice clear description of their activities in today's announcement.

Doesn't sound too bad at all;

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So of course that actually means the outlook is slightly below. I guarantee to buy shares in the first company which uses…

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