Good morning, it's Paul here.

There's very little of interest to me on the RNS today, so no pre-8am comments today. Other than this;

Scapa (LON:SCPA) - expect a fall in share price today, as it announces a big contract loss in USA, and what looks like legal action by the customer. Loss of profit not yet quantified, to follow.

Argo Blockchain (LON:ARB) - increased in bitcoin price recently has boosted performance for this crypto mining company. Doesn't interest me.

KCOM (LON:KCOM) - a higher takeover bid has appeared.

Ah, I've just noticed that I've duplicated MrContrarian's work (see comments below), which I hadn't noticed when writing the above snippets.



Loungers (LON:LGRS)

Share price: 220p
No. shares: 92.5m
Market cap: £203.5m

My video review of AIM admission document

It's quiet for results today, so you might want to check out my new video showing how I research an AIM Admission Document. This was a project that I embarked on last week, when Graham covered the report writing here.

Loungers is an interesting new float, on AIM. It operates a rapidly expanding chain of bar/cafe/restaurant hybrid sites across the UK. Therefore I'm interested in comparing its performance and valuation with Revolution Bars (LON:RBG) (in which I hold a long position). They're not direct competitors, as RBG is more focused on late night trade.

After studying its AIM admission document, my project was to review it on video. The purpose of my video is to encourage investors to read admission documents, who are perhaps too daunted by their sheer size (130 pages in this case), and the apparent complexity.

 This video is 36 minutes long, and covers my thoughts on about half of the admission document. If people find it useful, I will record a part 2 video this week. Please don't share this link elsewhere, as I'd like this to be for Stockopedia readers - since a small element of your subscriptions are paid to me in fees.

The format didn't quite work - in that I had hoped the text would be legible, but unfortunately the video compression has put paid…

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