Note: Paul updated Tuesday's report to include Topps Tiles (LON:TPT), Epwin (LON:EPWN) and eg Solutions (LON:EGS) (in addition to accesso Technology (LON:ACSO), Indigovision (LON:IND) and £CALL). You can read it here.


First section - by Paul Scott.

Thanks to Graham for taking the strain today. I should be getting the keys to my new flat today, then the removal men are shifting all my stuff on Friday. Therefore I’m being considerably distracted from the markets this week.

It’s a fairly modest place on the south coast. These days I like to keep living costs low, as experience has taught me that relying on the markets for income is too precarious. It’s best to build up some other forms of income, to cover all household outgoings. That takes the pressure off, allowing an investor to even sit on the sidelines in cash, if a bear market starts.

I tend to look at portfolio gains as being a bonus. Obviously the last 2 years have been remarkably good, but it won’t be like that forever. So it’s always best to plan for a downturn.

Anyway, on to today’s news. Here are a few very brief comments;

 

Spaceandpeople (LON:SAL) – contract win announced. I see that, as usual, the share price moved the day before the announcement. So our insider dealer at SAL is alive & well. Whilst I had a historic attachment to this business, I now think it lacks the potential to really scale up. Therefore the upside is probably quite limited. As the CEO always points out, contract wins are a matter of “snakes & ladders”. So the company tends to RNS contract wins, but is less keen to announce contract losses! That’s true of many companies. It’s got momentum for now, so that might provide some liquidity for long-suffering shareholders to exit, if they wish to.

 

Trakm8 Holdings (LON:TRAK) (in which I hold a long position) – has also announced a contract win, which sounds potentially significant. “Additional visibility for our expectations…

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