Morning All!

Quite a lot to get through this morning, phew!

Castings (£CGS)Interim Management Statement – This statement by this iron casting and machining company confirms things are progressing as outlined in the chairman’s statement in June. Boring companies are sometimes great investments but this one just seems to be “boring” as an investment too – The 5 year chart confirms. With projected Revenue and Profits in 2019 similar to those of 2016, I don’t see much attraction here.

H & T (£HAT)Interim Results To End June 2017 - Shares in this Pawnbroker collapsed in 2013, I have a vague recollection that it was related to the drop in the Gold price, but I may be wrong. Anyway, it’s made a decent recovery back to those pre-collapse levels and doesn’t look too bad here. It’s reporting a 60%+ increase in PBT in this statement (to £6m) and confirmed the loan book is up 87%. New products (longer term loans, high-end watches and an improved website) are now in place and should provide scope for additional growth. All in all a decent update for a company that could also gain tailwind from a down-turn in the economy (and a rise in the price of Gold) - Perhaps worth a look as a bit of a defensive play even!

Ingenta (£ING)Trading Update To End June 2017 – An in-line statement. The Content Management area is quite crowded and the high level figures here are OK, it’s making a little profit and it’s got some cash, ROCE is decent at 12.9%. But, I just see anything to excite me here at present. Stop press - Not much in the way of detail but also announced a contract win this morning here.

Jackpotjoy (£JPJ)Results For 3 And 6 Months To End June 2017 - This on-line bingo operator (the biggest in the world) has not done a great deal since floating at the beginning of the year, it’s up maybe 10% or so. It’s not yet making a profit, it’s got debt (50% of Mkt Cap (40% now according to this report)) and there’s no dividend. This company does though have a decent “moat” in this area and if it turns the forecast £89m profit this…

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