See you in the morning! I'm busy watching the Apprentice, so cheese.
Regards, Paul.
Sorry about this. I let the side down. :-(
As my employer said to me: "With regret, you're hired."
About the Author
Paul Scott
I trained as an accountant with a Top 5 firm, but that was so boring that I spent too much time in the 1990s being a disco bunny, and busting moves on the dancefloor, and chilling out with mates back at either my house or theirs, and having a lot of fun!Then spent 8 years as FD for a ladieswear retail chain called "Pilot", leaving on great terms in 2002 - having been a key player in growing the business 10 fold. If the truth be told, I partied pretty hard at the weekends too, so bank reconciliations on Monday mornings were more luck than judgement!! But they were always correct.I got bored with that and decided to become a professional small caps investor in 2002. I made millions, but got too cocky, and lost the lot in 2008, due to excessive gearing. A miserable, wilderness period occurred from 2008-2012.Since then, the sun has begun to shine again! I am now utterly briliant again, and immerse myself in small caps, and am a walking encyclopedia on the subject. I love writing a daily report for Stockopedia.com on most weekday mornings, constantly researching daily results & trading updates for small caps. Cheese! more »
32 comments
fwyburd
Good morning Paul,
Hope you don't mind but i wanted to tell readers that I posted my report into trading platforms yesterday. Since then, there's been lots of additional input from readers on their experiences which others may find useful. Link is here:
https://www.stockopedia.com/content/quick-n-dirty-report-trading-platform-relative-satisfaction-249308/
cheers
Francis
MrContrarian
My morning smallcap tweet:
Brave Bison (LON:BBSN), Clear Leisure (LON:CLP), People's Operator (LON:TPOP), Inland Homes (LON:INL), HSS Hire (LON:HSS)
Brave Bison (BBSN) Exp FY rev £9.1m, ahead of expectations, and adj EBITDA -£0.9m. But move to higher-margin revenues is slower than originally anticipated, will take longer to achieve profitability.
Clear Leisure (CLP) long account of attempts to recover from various disastrous investments. Has prepared file two legal claims tot £2.5m. One re Italian subsidiary "regarding serious misrepresentations about the company’s accounts, which were used as the primary basis for the investment, and on the day-by-day management of the investment itself by the former owner." The second regards a formerly disposed UK based portfolio investment. Cash situation desperate.
The People's Operator (TPOP) plans placing of 2.8bn shares at 0.1p. That's an 81% discount and 95% to the SP before it announced it was seeking to raise new funds.. Also 1.4bn warrants at 0.2p. Trading is in line. Three years ago on IPO at 130p it had 77m shares. The boards said a key strength was a 'Robust financial model'.
Inland Homes (INL) will buy back up to another 1m shares.
HSS Hire Group (HSS) result of Strategic Review "the most detailed in the company's history, has provided us with deep insights on HSS's trading performance and enabled us to devise a clear and actionable set of priorities." Wait for it. They are to: 1. reduce debt. 2. repair the tool hire business. 3. strengthen the commercial proposition. Plans £10m - £14m of additional savings. Targets EBITDA margin: above 20%. Also will "improved profits in the heritage tool hire business". Is that steam hammers and blacksmith's anvils?
jonno
morning Paul I would be interested in your views on Headlam (£Head) and RM (£RM.) if you have the time.
Cheers
matylda
Morning Paul!
2 from me please, if you get time...
Clipper Logistics (LON:CLG) – 426.75p – £421.2m – PER 23.3
Interim Results For The 6 Months To End October 2017 – Headline “Continuing strong growth in linewith expectations”. And, I quite like this, Revenue up 21.1% to £199.7m (2016: £164.9m), PBT up15.6% to £7.9m (2016: £6.9m), EPS up 18.9% to 6.3 pence (2016: 5.3 pence) and the Interim Dividend is up by 16.7% to 2.8 pence per share.
matylda
And the other...
RM (LON:RM.) – 161p – £133.1m – PER 7.48
Trading Update – “Expects results for the financial year ended 30 November 2017 to be ahead of expectations”. Ticks a lot of my boxes and seems reasonably priced even at this level.
Thanks in advance for any coverage of this and or CLG.
Damian Cannon
Headlam (LON:HEAD) would be interesting Paul as the trading statement is a bit of a curate's egg. Also they're doing what seems to be a sensible acquisition.
imranawan
£RM issued an ahead TU this morning, so if you get time would appreciate any comments about this. They do have a pension deficit, but recent trading and acquisition bode well for the future. Look attractive based on fundamentals.
.JPG)
FREng
Dillistone (LON:DSG) is up 40% today on news of the reception of its new GDPR compliant product. Mike Love (chairman of £SSY) is chairman here too.
