Morning all!
Everyman (EMAN) – Interim Results To 29-Jun-2017 - This independent cinema group grows Revenues nicely but, regardless, usually produces a Loss or a very Small profit. This update confirms…
I’m just not convinced and on a PER of 30, even less so. There’s also rumour of Hollywood, etc. going straight to Netflix and the like at the same time as the big screen – This could be the death of the cinema – I personally much prefer to watch a movie on my tablet (usually in the gym) or on my own projector at home, where the popcorn is a fraction of the price, I can go to the toilet whenever I want and nobody walks in front of me.
Ramsdens Holdings (RFX) – Trading Update - This is a bullish update from this Foreign Currency Exchange, Pawnbroking, Purchaser of precious metals and Jewellery group.
Nice to see a “significantly ahead” statement as we seem to be getting fewer and fewer recently.
Note – I hold a Long position in this share and, on this update - Will continue to do so for now.
Shearwater (SWG) – NO NEWS BUT HERE’S MY NOTES ANYWAY – This is a “company focused on providing digital resilience (cyber security) solutions”. The StockReport shows that it’s never generated any Revenue and only losses. The website states that it Buys (companies with a leading product), “Focus(es)” (to alleviate inhibitors to growth) and “Grow(s)” (to unlock untapped potential). The figures seem to tell a different story and “Highly Speculative Sucker Stock” seems apt.
Vertu (VTU) – Pre Close Trading Statement – An inline update for this automotive retailer with a network of 124 sales and aftersales outlets across the UK. This company is actually on my watch list as the auto retailer I am most interested in. I missed out at the beginning of the month but 40p seems to be good technically – As a floor. An entry round there with a 10% - 15% Stop seems reasonable risk for me.
And that’s it for me today, nothing really to excite!
