Good morning!

It's my last day in Spain today, and have to say I'm very impressed with Sitges - haven't been here for 20 years, and it's improved tremendously in that time - much better quality restaurants, and a lovely long promenade which has free WiFi in places. We've found the people here very friendly & helpful, everywhere we've been, and prices are reasonable. So a pleasant holiday spot, easy to get to (only 1.5 hr flight) which I will definitely be revisiting. No mozzies here either, which is a big plus for me, as I get eaten alive in Greece!

On to today's markets.


Spaceandpeople (LON:SAL)

(at the time of writing, I hold shares in this company)

I see that there has been a flurry of buying today, and the price is up 4p at the time of writing - which is encouraging, as that usually happens a day or two before good news of a contract win is announced.

Thinking about timings, we're due an update on the likely Network Rail contract win, which I hope could become a nice additional earner for this niche marketing company (which manages kiosks and promotions in the concourse space in shopping malls, and other open spaces).

It's sad that we have to rely on insider dealers to flag up that good news is in the pipeline, but that seems to be the way the London market works. So if a share price moves sharply, it's often because someone with inside information is getting in or out ahead of that news being announced. It's very rare for anyone to be punished for this, which makes a mockery of the law on insider dealing.

After the initial flurry of insider deals, you then get perfectly legitimate follow-on buying from other people who have spotted the unusual trades & price movement, and have worked out that the previous trades were probably initiated by someone with inside info.

If I can spot suspicious trades, why can't the FCA?! I think this whole area needs to be drastically tightened up.


Audioboom (LON:BOOM)

Share price: 5p (down 9% today)
No. shares: 533.3m
Market cap: £26.7m

Interim results - this company is a social media website & app, which concentrates on distributing audio content, particularly the spoken word. It's a smashing little website/app, in my view. However, I don't…

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