Daily Stock Market Report (Tue 14 Jan 2025) - CARD, JD., RFX, GAMA, JNEO, GAW, PSN, CRN, HTG

14th Jan by Graham Neary

82 comments 8628 reads

Good morning! It's a very busy day for updates.

12.40pm: All done! Thank you.

Spreadsheet accompanying this report (updated to 10/1/2025)

Companies Reporting

Name (Mkt Cap)	RNS	Summary	Our view (Author)
BP (LON:BP.) (£69.6bn)	Q4 TU	Production lower in Q4, refining margins also lower. Fuel demand weaker than expected.
Smiths (LON:SMIN) (£5.9bn)	New CFO & updated FY guidance	FY organic rev guidance now 6%-8%, from 5%-7% previously. Margin exps unchanged.
JD Sports Fashion (LON:JD.) (£5.0bn)	TU	FY profit forecast slightly below previous guidance. Adj PBT exp between £915m and £935m.	AMBER/RED (Megan)
Games Workshop (LON:GAW) (£4.4bn)	Interim Report	Rev up 21% to £399m, PBT up 33% to £126.8m. Budget cost impact not material.	GREEN (Roland)
Persimmon (LON:PSN) (£3.6bn)	2024 TU	Completions +7%, avg selling price +5%. FY adj PBT upper end of expectations.	AMBER (Roland)
Ocado (LON:OCDO) (£2.9bn)	Q4 TU	Q4 retail rev +17.5% to £716m. Volumes +17%, avg order/wk +16.9%. Customers +12%.
Grafton (LON:GFTU) (£1.7bn)	TU	FY trading in line, returned to LFL growth in Nov/Dec. Ireland strong, UK decline easing.
GlobalData (LON:DATA) (£1.6bn)	TU	FY rev +4% to c.£286m, with adj EBITDA +6%. Both within range of mkt exps. Outlook confident.
Gamma Communications (LON:GAMA) (£1.4bn)	TU and acquisition	EPS at upper end of guidance. £165m deal to acquire STARFACE in Germany. Business comms software tailored to DE mkt.	GREEN (Megan)
Integrafin Holdings (LON:IHP) (£1.1bn)	Q1 TU	Q1 FY25 net inflows of £0.9bn, 5.7% of opening FUD. Record FUD of £65.9bn.
Cairn Homes (LON:CRN) (£1.1bn	TU	Ahead of guidance. €150m op profit (guidance: €145m) and over 2,200 closed units. ROE 15%.	AMBER/GREEN (Graham)
Hunting (LON:HTG) (£506m)	Year-end TU	FY24 in line with mkt exps. EBITDA range $123-$126m. FY order book $500m, +ve outlook.	GREEN (Graham)
Advanced Medical Solutions (LON:AMS) (£416m)	Full year TU	FY in line with consensus exps, with rev £177m/adj PBT £29.2-£29.7m. Acq. perf well.
Crest Nicholson Holdings (LON:CRST) (£401m)	Revised date for 2024 prelim results	Auditor req extra time to assess fire remediation. Total provision exp £245m-£255m, from £145m at HY24. FY adj PBT at lower end of £22-£29m guidance.
Card Factory (LON:CARD) (£316m)	TU	In line. Sales for 11 months to Dec 2024 +6.2%, LfL store revenue +3.9%. FY25 adj. PBT £65.7-67m.	AMBER/GREEN (Roland)
MJ…

Unlock with Email

Unlock with Google

Already have an account?
Login here

yiannos1

14th Jan

You must have probably been in another world when Howard Adams started posting on Palantir Technologies (NSQ:PLTR) and some other stocks that have all gone up at least 100%.

He is certainly not a ramper.

All the best

ezlifeme

All good discussion as usual. As a point of interest I have looked at Funding Circle Holdings (LON:FCH) and the last time it was in an SCVR discussion was in Sept 2025 (Easy now that are flagged on the chart). 12 companies listed on the companies reporting box. Including the below !

Some people have favourite authors and read everything they write until perhaps like Lee Child or James Patterson for instance - they get someone else to continue to write their book series for them

PS - (P.S. pun intended) Is I believe still writing his own material in his usual style albeit with a different publisher!

Change is the only Constant in life I'm afraid

mabie41

I am fed up with Paul S giving us the names of his new subscribers it is a waste of our time I don t like his layout either

Rusty2

I agree, who cares about these names, that are meaningless. Why not say 5 new subscribers or not say anything,

Lochinver

Its just part of Paul’s character to be personable and welcoming. Presumably its one of the reasons why he has picked up over 3000 subscribers from scratch in a couple of months, who like that style.

I’m sure its not for everyone and he is not trying to replicate the format of stocko so I guess everyone can simply take their choice and vote with their feet.

How many are still active though? Not finding the free content much use now, very limited access to the reports and the blog has no detail. Subscription l see is in Euros, strange.

rmillaree

Games Workshop (LON:GAW)

Brilliant post cheers rhomboid1- i think that says everything you need to know about how a decent company should be run run - dont over promise and deliver at least what you promise on then tin and hopefully then some. thats a pretty good flag saying traditionally their start of years projections are pretty uber conservative .

The Phoenix

Loads of cheap mid caps around at the moment but outlook for UK going forward isn't helping. Its difficult even when your holding gems, if the general 250 index is down likelyhood is your stocks are going down with it, the rising tide they say lifts all boats well this is the reverse scenario currently.

Quality stuff like PayPoint (LON:PAY) ME International (LON:MEGP) Cairn Homes (LON:CRN) all struggling but its a case of waiting for 250 index to look like it might be turning round and then get some money in sharpish to the likes of the above.

Easier said than done i appreciate as when things turn its normally quick.

Quality company Rusty but given outlook for UK PLC can't seem much changing in short term but its another one on my entry list at some point.

To be fair it takes about 30 seconds to do and Paul is in the early stages of building his business so never hurts to acknowledge those who are going to be helping to pay your monthly bills.

Howard Adams

Hi yiannos1

Many thanks for supportive comments.

Regards

Howard

Camtab

And then they fell again! (CARD that is.)

epo001

Perhaps as a FTSE250 stock the coverage was patchy. Now it is in the 100 one can assume it will be studied by more (and better?) analysts and that coverage quality will improve.

The falling SP after promotion is disappointing and somewhat bewildering today after some fairly good results What were they expecting?

Is there an explanation as to why revenues are expected to grow £26 mill and profits only £5 mill?

They've got some building work going on, perhaps that?

rhomboid1

You’re conflating price action with logic….only in the long term does that conflation make sense..I suspect it’s just holders really not understanding what they own a piece of …a bit like corporate boxes at premier league fixtures cheering the goal without spotting the obvious offside

jeff narin

Not sure about “flat-out”. At 12:40 all work stops and 16 companies on the summary table, presumably chosen for their possible interest, are left uncovered by the 3 writers working this morning.

What exactly is the DSMR trying to achieve? The sort of comprehensive coverage that Graham envisages would require a much more disciplined approach or a full-time commitment from writers, which presumably would cost significantly more.

Just asking, because my sub is up for renewal shortly and the scattergun coverage Im seeing at the moment - one day Nvidia, the next Uniqlo(?), today Games Workshop and tomorrow, who knows? - does not seem to be the best way to spend limited resources and may frustrate readers.

Harry Hindsight

I look for comments here for inspiration. Not much interest in fintech as don’t understand it but a competitor for FCH maybe Texas Capital Bancshares (NSQ:TCBI) or if just don’t want to work too hard PayPal Holdings (NSQ:PYPL) is a player. Or when Rachel from Accounts returns home a china offering (note to self).

Investment4Adam

15th Jan

I have taken PS going “Solo” as a positive as we get the best of both worlds. Some larger caps & more of the brilliant Graham on here (by their own admission always focussed more on financials etc). At first everyone will try to pull out all the stops but can it hold? Without being too dramatic imho today is a worrying trend. You read a report then the colour on some (not Grahams) is a random generator. Read #JD then at the end Megan concludes the balance sheet is shot so it’s an amber / red (I dont hold & on no watchlist). But no mention of what’s in debt? Surely you cant mention debt for a retailer without FRS16???

As for the podcast….. Again appreciate its an attempt. But the tone is so depressing…. Started listening to everyone. Given up before the dog has had enough…. While Grahams summary of his ideas was a highlight focussing on Trustpilot as one of 3 then dropping off the 2025 list left me bamboozled.

I will likely subscribe to Stocko for many a year as the analysis & facts make it worthwhile without this report. I used to come to the report every day. But having worked a 16 hour day this feels like a jumbled mess at times. Ok at times PS might have felt like a “drunken sailor” (ref to the song not the person) it had a structure & purpose. This is beginning to feel like a box ticking exercise WFH…..

StockGardener

23rd Jan

Who would want to wear a pair of preworn shoes?

They are sold in charity shops. Outdoors clothing shops sell used boots. Markets un Asia sell lots of used trainers.

Daily Stock Market Report (Tue 14 Jan 2025) - CARD, JD., RFX, GAMA, JNEO, GAW, PSN, CRN, HTG

Companies Reporting

Unlock the rest of this article with a 14 day trial

About the Author

Graham Neary

82 comments

Unlock the metrics for all these stocks and more...

Unlock the metrics for all these stocks and more...