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

Timing - today's report is now finished.

Disclaimer -

A friendly reminder that we don’t recommend any stocks. We aim to cover notable trading updates & results of the day and offer our opinions on them as possible candidates for further research if they pique your interest. We tend to stick to companies that have news out on the day, and market caps up to about £700m. We avoid the smallest, blue sky type companies, and a few specialist sectors (e.g. resources, pharma/biotech).

A central assumption is that readers then DYOR (do your own research) and discuss in the comments below. The comments, incidentally, sometimes add just as much value as the articles. We welcome all rational views, whether bull or bear!

It's helpful if you include the company name or ticker within reader comments, otherwise some readers may not be aware of what company you are commenting on.

Agenda -

Paul's Section:

Churchill China (LON:CHH) - continued good trading, it's back to pre-pandemic 2019 revenue levels in both May & June 2021. Could this be benefiting from pent-up demand as restaurants re-open, and is it sustainable? Valuation fully factors in recovery, so where's the upside from here?

Gateley Holdings (LON:GTLY) - accounts delayed a week. Strange trading update, which doesn't confirm market guidance for FY 04/2021, but instead strangely refers to FY 04/2022 performance. I think this could be a typo. Have lodged a query with the company, and its broker. I'll update here if they respond.

Ilika (LON:IKA) - a quick, and fairly pointless look at the accounts for FY 04/2021. It's blue sky, and valued at £248m, so not something I can meaningfully analyse.

Purplebricks (LON:PURP) - quick review of results for FY 04/2021. This is starting to look interesting again, in my view.

Here are recordings of a couple of recent webinars which I found particularly interesting (no sections below, these are standalone) -

Cake Box Holdings (LON:CBOX) - FY results webinar from last week. I'm impressed with entrepreneurial management & the business model. A bit pricey now though. On my watch list, and I might buy on any weakness in future -


Studio Retail (LON:STU) (I hold) -…

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