Good morning, it's Paul here.

General election - Tory landslide 

I'm writing this at 00:42, so only a few results have come through so far. However, they're in line with expectations (!!) set by the exit poll which indicates a Tory landslide.

(Update at 05:14 - it's just been declared by the BBC that the Conservatives have officially won, with an overall majority.)

I'm extremely relieved, as the potential damage from a Marxist Corbyn Govt, would have clearly been utterly catastrophic for the economy & our investments, not to mention the country as a whole.

Sterling has strengthened further overnight - which makes imports cheaper (good for non-food retailers).

Removal of the political uncertainty (Corbyn was a bigger fear than Brexit, in my view), means that we could see some terrific rebounds in small cap shares in the next few days. I think we could see a lot of investors deploying their cash piles to buy small caps from the opening bell today.

I can foresee consumer confidence improving now (also good for retailers, and the housing market), plus backed-up deals & capex could now resume. This is the best possible election outcome in my view, and could be really bullish for bombed out small caps. Let's hope I'm right.

Expected timing - I've got to head into London, so this report will be short, and early - should be finished by 9:30 am. Therefore I won't have any time for reader requests today, I'm afraid. Friday is usually very quiet for news, so it shouldn't be a problem.

Update at 09:46 - today's report is now finished.

There are only 2 companies in my universe issuing updates today, so this is the agenda;

Amiad Water Systems (LON:AFS) - profit warning

Hollywood Bowl (LON:BOWL) - final results FY 09/2019

Amiad Water Systems (LON:AFS)

Share price:  220p (pre-market open - indicated opening price down 18%)
No. shares: 22.7m
Market cap:  £49.9m

Trading update (profit warning)

Amiad (AIM: AFS), a leading global producer of water treatment and filtration solutions, provides the following update on trading for the year ending 31 December 2019.

I last looked at this company here in 2013, so am a…

Unlock the rest of this Article in 15 seconds

or Unlock with your email

Already have an account?
Login here