Good morning, it's Paul and Jack here, with the SCVR for Wednesday.

Timing - TBC

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) - don't blame us if you buy something that doesn't work out. 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.

Agenda -

Paul's Section:

Onthemarket (LON:OTMP) (I hold) from yesterday - my comments on the AGM trading update. Nothing earth-shattering, but this residential property portal seems to have carved out a niche, despite dominant competition from Rightmove and Zoopla.

Marston's (LON:MARS) - trading update, showing a recovery in trading as restrictions ease, but still down on pre-pandemic levels. I can't get excited about this.

Tracsis (LON:TRCS) - a big contract win, which feeds through into a significant increase in broker forecasts.

Jack's Section:

Staffline (LON:STAF) - significant recent dilution here limits the upside but goes some way to fixing the balance sheet. It's a favourable environment in which to execute a turnaround right now for recruiters so things look much more positive these days.

Aptitude Software (LON:APTD) - solid growth and scope for future margin expansion. Its addressable market is expanding. There are plenty of positives here and Aptitude looks like a quality SaaS company, but valuation is a concern.

Onthemarket (LON:OTMP)

(I hold)

95p (up 5% yesterday) - mkt cap £71m

Preamble - For background, there’s a useful recording of an InvestorMeetCompany results webinar here, published on 17 June 2021. The newish CEO looks very young, which I put down to clean living (probably) and favourable…

Unlock the rest of this article with a 14 day trial

or Unlock with your email

Already have an account?
Login here