Good morning! 

We are now deep in holiday territory. Well done to all of us diehard investors and traders who continue to watch the RNS feed every morning! (Though I'm off to Lanzarote on Saturday, so I won't be watching the announcements for at least a week.)

By the way, there's still a bit of time to vote for Stockopedia in the Shares Awards. We are in categories 15 and 17 - here's the link!

As for today's news:

Cheers

Graham 



Wey Education (LON:WEY) - Leo has written a detailed analysis of this company's recent progress and prospects, so I'm happy to share the link. Here you go.



Joel Greenblatt Interview - wow! It's fair to say that I'm a little bit jealous of Stocko's very own Ben Hobson, who has interviewed Joel Greenblatt in New York. Greenblatt's books and methods are superb and have influenced me for years. Some excellent questions were asked and Joel didn't disappoint.



CSF (LON:CSFG)

  • Share price: 2.1p (-11%)
  • No. of shares: 160 million
  • Market cap: £3 million

Proposed cancellation of trading on AIM

Some years ago, I noticed this was trading at a "cheap" valuation. But it was in Malaysia, and running an unprofitable data centre business. So thankfully, I never got involved. 

A Malaysian company, registered in Jersey, and listed on AIM. I hope nobody put more into this than play money that they could afford to lose. Having a rule to completely avoid all stocks like this has been good for my financial health.

CSF made a big disposal over the past year, so that FY 2018 revenues from continuing operations were just £4.4 million. 

The Board therefore believes that the Group is now of a size where it is no longer practical or cost effective for it to have its Ordinary Shares quoted on AIM.

I agree. Though a reverse takeover or at least the gesture…

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