Paul's Podcast w/e 13 January 2023
Audio is here, and on podcast providers such as Apple, Google, Spotify, and others (search for “Small Caps Podcast with Paul Scott”) - to download & listen offline when you’re out and about.
I’m a huge fan of podcasts & audiobooks, as it makes interesting use of otherwise wasted time, when I’m exercising or shopping, and blots out the various sounds made by the revolting element of the British public! Although considerably more care is needed when crossing roads! ;-)
The latest audiobooks I’m enjoying are: “The Dealmaker” by Guy Hands, and “Spare” by Prince Harry (yes I know, I know. I’m not judging him, well I am but that’s for Twitter, not a shares site. It’s a riveting story regardless).
I don’t get paid for doing these podcasts by the way (and want to keep them ad-free), it’s just an additional service primarily for Stockopedia subscribers, who also get the written summary here. I enjoy recapping on the week, and it helps firm up my own ideas on what’s been covered during the week. If people find them useful all good, and I enjoy reading your feedback, and reviews on podcast channels are also really helpful, and everyone likes to get a pat on the back!
Right, on to my latest podcast…
New record coverage of 46 companies - 31 Dec year ends means loads of trading updates.
Mid-caps - we covered a few, for read-across.
Of 46 cos - 7 ahead expectations, 8 profit warnings, the rest in line.
Monday 9 January
FDEV - big profit warning, now only just above breakeven.
Devolver Digital (LON:DEVO) - another computer games company, also warns on profit.
N Brown (LON:BWNG) - settled legal case with Allianz. Mixed feelings - removes big uncertainty, but cost is £49.5m, a lot for a £124m mkt cap company. Balance sheet provision was only c.£30m. Has liquidity to pay it. Shares trading at a huge discount to NTAV. Little to no profit. Lousy business I think.
Nanoco (LON:NANO) - back-peddles on triumphant announcement last week, reining in expectations for the settlement from negotiated win against Samsung. Shares have given back all of last week’s spike up. Really badly handled by the co & its advisers. No view, as not…
