Good morning, it's Paul & Roland here with the SCVR for Wednesday. It's September already - that's summer gone then.

Today's report is now finished.

Agenda -

Paul's section:

Volex (LON:VLX) (I hold) - Ops Director's wife spends £238k buying shares at 390p in the market - a hefty vote of confidence in the company.

Eckoh (LON:ECK) - A very brief in line with expectations trading update. Looks expensive, and note that broker forecasts have been falling this year.

Churchill China (LON:CHH) - Interim results reflect the part-closure of the hospitality sector, but more recent trading is now ahead of pre-pandemic levels. That's very encouraging, so I can see why the share price has been strong this year. Lovely balance sheet. Overall though, it's too expensive to interest me, with recovery fully baked into the current price.

Roland's section:

John Menzies (LON:MNZS) - this aviation services specialist has reported half-year profits ahead of 2019 even though air travel hasn’t yet made a full recovery.

Severfield (LON:SFR) - this steelwork group has reported a record order book and trading in line with full-year expectations. Is there still further to go?


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

Volex (LON:VLX) (I hold)

415p (yesterday’s close) - mkt cap £634m

Director Purchase

This caught my eye last night - a hefty Director buy, from the wife of Volex’s Chief Operating Officer, who…

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