Good morning, it's Paul and Jack here, with the SCVR for Thursday.

Timing - today's report is now finished.

Explanatory notes -

A quick reminder that we don’t recommend any stocks. We aim to cover trading updates & results of the day and offer our opinions on them as possible candidates for further research if they interest you. Our opinions will sometimes turn out to be right, and sometimes wrong, because it's anybody's guess what direction market sentiment will take & nobody can predict the future with certainty.

We stick to companies that have issued news on the day, with market caps up to about £700m. We avoid the smallest, and most speculative companies, and also avoid a few specialist sectors (e.g. natural resources, pharma/biotech).

A key assumption is that readers DYOR (do your own research) - don't blame us if you buy something that doesn't work out. Reader comments are welcomed - please be civil, rational, and include the company name/ticker, otherwise people won't necessarily know what company you are referring to.

Agenda -

Paul's Section:

Volex (LON:VLX) (I hold) - an encouraging trading update for Q1, "slightly ahead". Some potential headwinds are mentioned, more generic than company-specific. Valuation looks reasonable. Remains a "coffee can" holding for me.

Headlam (LON:HEAD) - I'm feeling a bit smug about this one, which has panned out exactly as predicted here - broker forecasts were way too low (fairly obvious, it has to be said), and divis are resuming. Still good value.

Vertu Motors (LON:VTU) - astonishingly good H1 guidance announced today, with car dealers seemingly enjoying a bonanza, driven by buoyant used car prices. Although this looks a one-off, exceptional effect, but even on a more cautious outlook, this share looks outstandingly cheap. And it's fully backed with freehold property as well. Very attractive value share in my view. Potential for takeovers?

Jack's Section:

Water Intelligence (LON:WATR) - very strong momentum here and the group remains upbeat about a global opportunity. Valuation remains high but over the longer term this company can continue to grow.

Everyman Media (LON:EMAN) - premium cinema operator is making its way out of lockdown and looks ready to continue taking market share, but the stock is illiquid and pricey.

Property Franchise (LON:TPFG) - trade has…

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