Good morning! Some updates which have caught my eye:

  • Zoo Digital (LON:ZOO) - Trading update. "Confirms guidance for the full year results".
  • FairFX (LON:FFX) - Full year results for 2017. New year off to a good start, outlook for 2018 in line with expectations.
  • Utilitywise (LON:UTW) - Interim results. "Overall performance" in line with expectations. Anticipates softer H2 in the Enterprise Division thanks to 72% employee attrition rate.
  • Safestyle UK (LON:SFE) - Trading update. Competitor activity has intensified. 2018 revenues and underlying PBT to be "significantly below market expectations". Strategic review. Cancels the dividend.
  • Lok'n Store (LON:LOK) - Interim results. "Profits and margins continue to grow rapidly." Confident outlook.
  • £D4T4 - Year end trading update. Adjusted profit to be slightly ahead of expectations. Confident that it can achieve expectations in the new financial year.

I'm writing this from a hotel room in Central London. The UK Investor Show was good fun on Saturday - congrats to Ed for his talks and to the entire team for a very impressive exhibit!

The value of these conferences is mostly in the networking, I find. But if you do want to investigate a particular company in more detail, it can be helpful to meet or at least to see the management.

For example, I enjoyed listening to the Sosandar (LON:SOS) presentation, which gave me a little bit more insight into their plans and the personalities of their co-CEOs. It's not a share I'll be buying personally in the near-term, but I'm glad to have seen them in person.

The talks are also worth mentioning. If you've been listening to someone online for a while, it's reassuring to confirm that they have a corporeal form, rather than merely existing on the internet.

Zoo Digital (LON:ZOO)

  • Share price: 99p (-3%)
  • No. of shares: 74 million
  • Market cap: £73 million

Year End Trading Update

In general, I try to focus more on results rather than in-line trading updates.

This update confirms guidance, but has been treated as a mini-profit warning by investors.

The company also announced today that it has commissioned some research analysis from Progressive,…

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