Good morning!

I finally finished Thursday's report very late in the evening with a couple more sections added. 

It has seven stocks mentioned in it now: Venture Life (LON:VLG), On The Beach (LON:OTB), 7digital (LON:7DIG), Rank (LON:RNK), Ashley House (LON:ASH), Filtronic (LON:FTC) and Tribal (LON:TRB). You can catch up with it by clicking here.

Thanks

Graham



What's happening today?

  • Airea (LON:AIEA) - half year results. We will have a post from Paul about this.
  • PV Crystalox Solar (LON:PVCS) - settlement agreement. See Gus' comment in the thread below.
  • QUIZ (LON:QUIZ) - forgot to put its final dividend in notice of AGM, and is calling it an interim dividend instead.

This is sort of funny. QUIZ only listed last year, and this is its second dividend. You don't expect rookie mistakes like this from any company.

It doesn't really matter, but it does raise a question about what the purpose of the rule is. If companies can get around it by calling their final dividend something else, then maybe the rule should be scrapped?

  • Thalassa Holdings (LON:THAL) - update re: Norwegian Tax on its disposal. I'm writing about this below the section on AIEA.


This section from Paul Scott.

Airea (LON:AIEA)

  • Share price: 62p (up 13.8% today, at 10:41)
  • No. shares: 41.4m
  • Market cap: £25.7m

(at the time of writing, Paul holds a long position in this share.)

Interim results - for the 6 months to 30 June 2018.

The principal activity of the group is the manufacturing, marketing and distribution of commercial floor coverings.

I've written positive pieces here about this company before. In a nutshell, it's a turnaround situation - its heavily loss-making residential carpet manufacturing business had to be closed down. This has transformed the profitability of the group, which is now focused on a decently profitable & growing niche in commercial flooring. To get a feel for…

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