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

Timings - I have to be finished before 1pm, as am taking my niece to visit a stately home this afternoon!

Today's report is now finished.

Here is today's agenda;

Dfs Furniture (LON:DFS) - trading update

Alfa Financial Software Holdings (LON:ALFA) - trading update

Proactis Holdings (LON:PHD) - trading update

Carclo (LON:CAR) - results FY 03/2020

Next Fifteen Communications (LON:NFC) - Trading statement

As usual, many thanks to MrContrarian & Dan Holland-Smith, for their early snapshots in the comments below. I am finding these posts very helpful in selecting which small cap shares to focus on myself in more depth. Thanks to both!


Clarification re Up Global Sourcing Holdings (LON:UPGS)

An adviser to UPGS contacted me yesterday afternoon, to say that the company was very upset about yesterday's SCVR. I reported on UPGS's RNS stating that they have decided to return the Govt furlough monies. In the same section, I reported on another item on my agenda, an article in the Telegraph about research saying that furloughed staff had widely been working from home, part time, in the UK generally, during April & May.

On reflection, I shouldn't have put these two items together, in the same section, as that led UPGS to misunderstand, and think I was linking the issues, or implying wrongdoing on their part. That certainly wasn't my intention, at the time it just seemed to make sense to put the one subject in a single section. I thought my use of the word "Separately...." made it clear that I wasn't linking UPGS to the Telegraph article.

On reflection, this was a mistake on my part, and I can understand their point of view, so am happy to give an unreserved apology for any offence caused. If I'm wrong, am happy to admit it, and apologise, so this has not been forced out of me, it's a genuine apology from me, as I can see why UPGS took offence, even though it was unintentional on my part. As stated in yesterday's article, UPGS has traded strongly, and I have been very impressed with its resilience & financial performance throughout covid.

UPGS is adamant that it's returning the furlough monies because this is the right thing to do,…

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