Good morning from Paul. Running slightly late today.

Agenda - a very slow news day.

Naked Wines (LON:WINE) - the former CEO returns as an unpaid adviser for the next 2-3 months. Let's hope he can help extract some shareholder value, or reinflate the bubble?

Facilities by ADF (LON:ADF) [no section below] - I had a look at the recent interim results, which seemed slightly disappointing. I still think this is one of the best recent floats, because the company raised fresh money, for expansion, at a reasonable price with its IPO. As opposed to a lucrative exit for existing shareholders, like so many recent floats. An issue seems to be that smaller contracts incur additional costs, moving equipment around, thus profit slightly disappointed. But the H2 outlook sounds good. Admirable clarity on who its customers are. Still looks quite good, I think. (I'm not currently holding).

Portmeirion (LON:PMP) - I cast my eye over interim results. A broker update shows that this is really a profit warning, with forecast EPS reduced by 20%, which seems to be concealed in the company's commentary. Good strong balance sheet, but note inventories are up a lot.Energy costs are hedged into Q1 2024, so no panic there.   I think this share is attractively priced, if you take a long-term view.


Explanatory notes -

A quick reminder that we don’t recommend any stocks. We aim to review trading updates & results of the day and offer our opinions on them as possible candidates for further research if they interest you. Our opinions will sometimes turn out to be right, and sometimes wrong, because it's anybody's guess what direction market sentiment will take & nobody can predict the future with certainty. We are analysing the company fundamentals, not trying to predict market sentiment.

We stick to companies that have issued news on the day, with market caps up to about £700m. We avoid the smallest, and most speculative companies, and also avoid a few specialist sectors (e.g. natural resources, pharma/biotech).

A key assumption is that readers DYOR (do your own research), and make your own investment decisions. Reader comments are welcomed - please be civil, rational, and include the company name/ticker, otherwise people won't necessarily know what company you are referring to.


Paul’s Section:

Naked Wines (LON:WINE)

90p - £67m

Unlock the rest of this article with a 14 day trial

or Unlock with your email

Already have an account?
Login here