Daily Stock Market Report (Mon 2 June 2025) - GMS, EYE, MEGP, FEN, IGR, TEK, CYAN, AEP

Mon 6:02am by Roland Head

41 comments 5494 reads

Good morning!

The agenda is now complete.

Mello 2025: Ed, Mark and Graham will be at Mello in London this week (Tue/Wed) and are looking forward to meeting subscribers in person. If you'd like to go and haven't booked it yet, we can offer a discount code "STOCKOPEDIA50", which can be used at this link. See you there!

Update 14:20: today's report is now complete, see you tomorrow!

Companies Reporting

Name (Mkt Cap)	RNS	Summary	Our view (Author)
Greatland Gold (LON:GGP) (£1.9bn)	RetailBook Offer	Reorganising to become ASX listed. Will remain on AIM. AUD50m retail offer & 20:1 share consolidation.
Sirius Real Estate (LON:SRE) (£1.44bn)	Final Results	PBT +75% to €201.6m inc. €81m valuation gain. Rent roll +6.3% to €205.6m, EPRA EPS -4.7% to 7.8c.
Indivior (LON:INDV) (£1.2bn)	Intent to cancel LSE listing	Will cancel secondary LSE listing and maintain US NASDAQ listing. Last day of UK dealing 24 Jul 25.
ME International (LON:MEGP) (£808m)	Trading Update	Record H1 PBT, +14% due to laundry growth. Net cash £36m. FY25 profit exp to be in line (£76-80m) H1 laundry revenue +14%, photobooths -3.3% due to technical issue.	AMBER/GREEN (Roland) This solid H1 update highlights continued strong momentum in the self-service laundry business. While photobooth revenue was slightly lower than expected due to an isolated technical issue, this is now resolved. Performance has historically been weighted to H2, so I think there’s still scope for a strong finish to the year. In the meantime, the shares seem fairly priced to me and I’m happy to remain broadly positive.
Custodian Property Income Reit (LON:CREI) (£366m)	All-Share Acquisition of £22m Property Portfolio	28 units w/avg value £0.7m and £1.7m rent roll; 8.1% yield. Also £2.7m of new-build housing.
Anglo-Eastern Plantations (LON:AEP) (£299m)	Final results (Friday pm)	Rev +0.5% to $372.3m, op profit +17% to $81.7m. FFB production -7.5% to 1,019.8mt.	AMBER/GREEN (Mark) Strong results here, although one-off factors are helping the 30%+ rise in EPS. This is on a very low rating, and now pays a reasonable dividend. Although concerns about being a commodity producer and a lack of shareholder friendliness (e.g. no broker forecasts) hold back my view on this one slightly.
Gulf Marine Services (LON:GMS) (£224m)	Request to call General Meeting	A shareholder has requested a GM to propose changes to the board and payment of a dividend.	AMBER/GREEN…

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Epitychia

Mon 9:27am

topvest... i think it depends on your view of Donald Trump.

IMHO he creates a lot of uncertainty which means there needs to be much more of a risk premium in the US market. A fancy way of saying the US market needs to be substantially lower.

The impact on UK market is less clear. The effect of a trade war ranges from mildly negative to disastrous. My guess is the mildly negative scenario is already priced in. Which means that things are ok if tariffs stay where they are, i.e. 10% general and a lot on steel.

But personally i think he will ramp things up, which implies the UK market is also heading for a significant decline.

The Phoenix

Mon 9:34am

Hi Topvest always respect your views and love your macro but looking at the averages on markets would you not say maybe sell end of July back in start of October ?

The Jedi Investor

Mon 9:37am

Thanks John, makes sense and appreciate the quick response.

Paul Cattermull

Mon 9:53am

Another big client is ASDA who are not trading well. Is EYE's technology typically something which retailers outsource or develop in-house. Consequently, what are the prospects for their margins going forward?

bohenie

Mon 9:54am

hVIVO (LON:HVO) and he still holds less than 1% - but some consolation - the shares are up almost 25% today Someone out there must have faith...

Orthodon

Mon 9:59am

I share your grump sparkler re hVIVO (LON:HVO), but it has at least lifted the SP from (hopefully) the floor.

Looking at the hVIVO stocko report incidentally highlights the confusion I have with the Director deals in the 'Shareholder Activity' section. Todays report (accepting not updated from the recent director buys) shows a nice wide block of green, giving at first glance the impression that everyone has been buying recently. The whole feature is too nuanced for me, as the hVIVO directors have done nothing but sell sell sell (£15 million) for the past 18 months.....until today.

Mon 10:08am

These are numbers for US markets. UK market is different. May/ June / July poor in UK. August usually good, probably due to mean reversion.

September and October are on average ok, but are prone to major falls in a bear market.

My book, The Seven Secrets of the UK Stock Market has all the details.

Asset-Stripper

Mon 10:13am

Not an offer for Frenkel Topping (LON:FEN) - It's an insult.

Richard Leishman

Mon 10:14am

Hi Epitychia,

That is my own view as well - tariffs are one of the main planks of his administrations policy. Add to that the TACO acronym that has been ascribed to him (Trump always chickens out), which he must be seething about, and there has to be a very real chance that in order to save face he will throw his weight about, push things through and make things worse in the very foreseeable future.

As a consequence, I've used the recent recovery to take some risk off the table.

Richard

Markds28

Mon 12:02pm

They outsource.

They serve a growing list of retailers including Tesco, Morrisons, Asda, John Lewis, Greggs, Halfords, JD Sports and more from U.K. as well as some larger overseas retailers such as Woolworths the No1 or 2 supermarket in Australia

Richard Goodwin

Mon 12:38pm

I'm really annoyed by this and it is an occupational hazard of being companies with Harwood. If they think the order is too low for too long they buy the whole thing and cut out the other investors.

In reality it's probably a wake-up call to buy their funds rather than the underlying individual stocks.

Mon 12:39pm

'Order'='price'

Samsgrandad

Mon 1:20pm

Unlocked article

https://archive.ph/Xq9DU

carmensfella

Mon 1:28pm

If you are joining us all at Mello2025 tomorrow please book your tickets online as there will be no discounts available on the door. The half price discount code is "STOCKOPEDIA50", which can be used at this link. See you there!

JohnDoe2378

Mon 1:45pm

Spire Healthcare (LON:SPI) huge volume, seller possibly cleared now with share price rising...

ken mitchell

Mon 1:47pm

Isn’t basing our investment decisions on trying to guess what the Markets will do, a mugs game? There could be big market moving news either negative or positive between now and October. Markets could be well up by October, or well down, or not much changed from where they are now.

Isn’t it far better to base our buy and sell decisions on updates from the Companies we hold, along with the excellent analysis here from Graham, Megan, Roland etc along with other useful sources? Their analysis sees so little follow up these days. Remember too that there are (except in extreme market falls like covid) always sectors and shares and Investment Trusts that do well even in falling markets.

Checking out Companies that regularly issue better than expected trading updates, imo works far better than thinking we know where markets are heading when we don’t!

Time and again markets do the opposite of what we thought they would do. My investment performance improved dramatically when I stopped thinking I could forecast markets and took too much notice of others who wrongly thought they could too.

gwigglesdarton

Mon 2:29pm

Anglo-Eastern Plantations (LON:AEP) - Although operational profits are higher than last year, I think the majority of the increase in EPS is down to them buying out almost all of the minority shareholders in subsidiaries near the end of 2023. $9.4m of last year's profits were attributable to non-controlling interests, but only $98k this year.

tom stokes

Mon 5:16pm

Totally agree.

Norfolk'n'Good

Mon 6:21pm

IG Design (LON:IGR)

Thank you Mark for forensically dissecting this 'special situation' and, like you, I exited my position today happy to come away with a decent profit

jonestheinvestor

Mon 8:09pm

I guess that depends on how comfortable you are with risk, I wouldn't say de-risking is a mugs game if you're not feeling comfortable with your exposure to the market.

Personally, I'm comfortable with long term risk in my SIPP but have reduced down my share exposure in my ISA - there are a lot of destabilising influences in the world at the moment, not just Trump. For me it's due to personal circumstance and the relative size of my SIPP to my ISA, my SIPP can take virtually any hit and has a much longer horizon to recover in the event of any correction. I've retired early, due to personal circumstances, which means I need to protect pre pension capital to stabilise my income far more than I need any capital growth. I'd probably be wealthier leaving it all invested, although to be honest it's unlikely I'd ever require that extra growth, so therefore I'd say adapting to the market for risk isn't always a bad idea. I guess it's a nuance, but it's not so much timing as adjusting for the risks presented and your own personal situation.

Daily Stock Market Report (Mon 2 June 2025) - GMS, EYE, MEGP, FEN, IGR, TEK, CYAN, AEP

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Roland Head

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