Good morning!

I'm looking forward to the private investor lunch which is being organised by Staffline (LON:STAF) (in which I hold a long position) today, via Buchanan Communications. It's great to see more companies reach out to private investors. After all, it's us who create the liquidity in smaller cap shares, and our trades which predominantly determine the share price.

If there's anything interesting from the STAF investor lunch today, then I will report back. Although regular readers will know that this is currently one of my favourite shares - I think the share price just looks wrong at the moment (i.e. too low). In my view a price of 1200-1400p is justified by the recent good results & positive outlook. As always though, that's just my personal opinion, not a recommendation. I may have missed something, so it's vital that investors always DYOR, as I don't particularly want to be blamed in the instances when I do get it wrong! (my average win:lose ratio is about 60:40 currently, but am striving to improve on that).

In a similar vein, Dillistone (LON:DSG) has announced an interesting-sounding investor access event, at the Tower of London, on 26 Sep 2016. Details are here.

Companies routinely spend a day or two meeting & talking to Institutions & brokers after publishing results. So it really should become routine to include meeting(s) for private investors in that schedule too. Webinars are also an excellent initiative, as many investors can't make it into London, so appreciate a web presentation with Q&A.

So lots more of this stuff please, brokers/Nomads & PR people!


Waterman (LON:WTM)

Share price: 82.7p (up 10.2% today)
No. shares: 30.8m
Market cap: £27.1m

(I do not currently hold a position in this share)

Trading update - shares in this group of engineers, serving the infrastructure & commercial building sectors, got whacked heavily post-Brexit. The same was true for lots of construction-related shares, as the assumption seemed to be that activity would decline considerably.

For the year ended 30 Jun 2016, Waterman has traded well;

Waterman has experienced a successful trading period.  The Board expects to report results which exceed its previously declared financial objective of tripling adjusted annual profit before tax to £3.3m over the three year period to 30th June 2016.

I wouldn't get too excited about…

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