Good morning, it's Paul & Jack here today, with the SCVR for Tuesday.

Agenda -

Paul's Section:

Ig Design (LON:IGR) - trading update today flags cost of sea freight, and supply chain disruption - no surprise there, everyone is experiencing problems in that area. Strong demand & cost mitigation have kept things on track to meet market expectations. So a reassuring update today I think.

Batm Advanced Communications (LON:BVC) - outstanding interim results caught my eye yesterday, but two thirds of the profit is from a one-off disposal. Also there seem some one-off contracts from covid - ventilators and testing kits. Looks an innovative group, but I've no idea how to value it, given the difficulty in ascertaining future profit levels.

Jack's Section:

Essensys (LON:ESYS) - fairly robust results over a disrupted year. The group's SaaS products are well-positioned for the growing flexible work market and the US sounds like a big opportunity. The recent fundraise gives the group c£37m of net cash to accelerate growth plans, but for now this appears to be reflected in the valuation given revenue of £22m and a market cap of more than £200m.


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), and make your own investment decisions. 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.


Paul’s Section

Ig Design (LON:IGR)

522p (pre market open) - mkt cap £506m

Trading Update

IG Design Group plc, one of the world's leading designers, innovators and manufacturers of celebrations, craft, gifting, stationery and creative play products, today…

Unlock the rest of this article with a 14 day trial

or Unlock with your email

Already have an account?
Login here