Podcast - Episode 21
Monday -
I published 3 articles -
Virgin Wines UK (LON:VINO) transcript of my CEO interview, only got 9 thumbs up, so not a good use of my time typing it up! If you like any Stockopedia content, do give it a thumbs up, as we use this to gauge what it’s best to cover.
Podcast summary from last week transcript - this got 59 thumbs, so worth doing.
JOUL appointed administrators, as expected. We had a good discussion on what went wrong, and warning signs. For me, it was KPMG debt advisory being appointed (in July?) that was the biggest red flag. Difference between a company that’s trading badly, and one that’s about to go bust. Interesting reader comments, eg. stop losses are worth it. Fair point, would have helped in this case. Ongoing debate. Selling, even for a few pence, gets rid of the worry. For me, if solvency risk is an issue, then I sell. Once again, major Director selling was a red flag at JOUL, as we discussed.
Cake Box Holdings (LON:CBOX) - interim results. 196 sites, growing fast. Egg-free cakes. H1 profit down 45%, due to higher admin costs. Bal sheet is OK. Divis up. Mixed feelings on this share. Big Director selling last year, just before auditor resigned. I still feel unease about CBOX. Looks like almost all profits come from selling new franchise packages - much lower quality than recurring profits. Why don’t they do low sugar cakes, would be good for diabetics like me (self-inflicted). Recent trading good, in line with exps. Full year profits forecast to be down on LY. Bull and bear points. We just hurl loads of ideas at you, and it’s up to you to chose whichever ones you like! If you don’t rate our (or my) opinion, then disregard it!
SRT Marine Systems (LON:SRT) - such a tricky one. Serial jam tomorrow for c.17 years. Always a huge pipeline, but no sustainable profits. Has just produced fantastic H1 results. Beginning of a new trend, or not? Pipeline sounds even more huge than ever, £600m validated pipeline! Older investors tend to be more sceptical about this co. I hope it does succeed, as CEO seems a lovely man. £83m market cap. Weak BS (balance sheet!) - co should do…
