Good morning from Paul!
Podcast mystery share this weekend (21/9/2024) is: Warpaint London (LON:W7L)
Consumer confidence drops sharply
Data out today (I can't find the source on GfK's website, so have used a free article from Retail Week, many thanks to them).
This shows below a sharp fall in the widely followed consumer confidence survey from GfK, dropping from -13 in August, to -20 in September, undoing the steady improvements which had been occurring earlier in 2024. I'm livid about this, as it's obviously been caused by the inept messaging from the new Govt, about a supposed black hole, taking the fuel allowance away from pensioners, and how a dreadful budget is on the way. They clearly have no understanding of the economy needing confidence in order to grow, for both businesses and consumers. So a pretty dreadful start I'm afraid, with basic, schoolboy errors. Let's hope they realise they're saying all the wrong things, and remedy the situation with a more positive approach in future.
Possible small cap bargains?
New video looking at screening for potential bargains: click here
Also now published on Youtube, to help anyone who struggled with the bandwidth on the original link (buy a new computer, cheapskates LOL!)
?si=sFNoSygICdRT36SKAnnoyingly, I got up early today to record a video looking for bargains in small caps. Dutifully done, but it didn't record any sound, so I had to do it again (edit: done, link above) now with the sound on. Please see below some of the share ideas which came up for further research on my manual and screening approach to find recent fallers which may or may not be bargains. My thinking being that we could be seeing some irrational, fear & tax-driven selling in UK small caps, whilst US markets rise to new all-time highs, which should be good for UK shares in due course, once the end Oct budget is out of the way.
Here are some ideas for you to properly research yourself in more depth -
Mortgage Advice Bureau (Holdings) (LON:MAB1) - note reader comment flagging potential regulatory issues - thanks for that.
Frontier Developments (LON:FDEV)
Sanderson Design (LON:SDG)
Tristel (LON:TSTL)
Tribal (LON:TRB)
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