Good morning!

Let's see what the RNS feed has in store for us this morning:

  • Minds Machines (LON:MMX) - trading update. Gross margin below expectations for FY 2018.
  • Animalcare (LON:ANCR) - change of CEO to "big pharma" executive and H1 trading update. Delays to some new product launches.
  • Warpaint London buys its USA distributor for between $2 million and $3 million
  • The private equity backer of Luceco (LON:LUCE) has spent £2 million to buy back some of Luceco's depressed shares.
  • Initial admission of Argo Blockchain (ARGO), a company created in December 2017 "to develop a global datacentre management business facilitating cryptocurrency Mining as a Service (MaaS)". £25 million was raised. If extreme leverage to the price of Bitcoin Gold, Ethereum, Ethereum Classic and Zcash is what you're looking for, look no further.
  • S&U (LON:SUS) - trading update for the period from 18 May to 31 July. Sounds reassuring but the company does not refer to performance vs. expectations.
  • Keywords Studios (LON:KWS) - H1 trading update. All in line with expectations despite a severe currency headwind. A good achievement.
  • Pets at Home (LON:PETS) - Q1 trading update. Good like-for-like revenue growth. Addressing the challenge of a shortage of vets. This is the most heavily shorted stock on the LSE right now.

Ranger Direct Lending Fund (LON:RDL)

(Please note that I currently hold RDL shares)

Princeton and Portfolio Update - some promising news from this lending fund which is currently in wind-down. One of its major investments, which has caused it so much of a headache, is making progress through the bankruptcy courts.

There has been a preliminary award for a net amount of almost $31 million in favour of Ranger and another fund managed by the same investment manager.

Will it pay, and how much will Ranger get? I don't know. Ranger says:

The Company is unable at this time to determine whether Princeton's assets are sufficient to pay the entire judgment.

I have managed to find a court document and this shows (to the best of my…

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