I'm taking a duvet day today.
Let's recoup later today.
Best wishes, Paul.
Please discuss things amongst yourselves. I shall be mainly sleeping.
Unlock the rest of this article with a 14 day trial
Already have an account?
Login here
I'm taking a duvet day today.
Let's recoup later today.
Best wishes, Paul.
Please discuss things amongst yourselves. I shall be mainly sleeping.
Already have an account?
Login here
I trained as an accountant with a Top 5 firm, but that was so boring that I spent too much time in the 1990s being a disco bunny, and busting moves on the dancefloor, and chilling out with mates back at either my house or theirs, and having a lot of fun!Then spent 8 years as FD for a ladieswear retail chain called "Pilot", leaving on great terms in 2002 - having been a key player in growing the business 10 fold. If the truth be told, I partied pretty hard at the weekends too, so bank reconciliations on Monday mornings were more luck than judgement!! But they were always correct.I got bored with that and decided to become a professional small caps investor in 2002. I made millions, but got too cocky, and lost the lot in 2008, due to excessive gearing. A miserable, wilderness period occurred from 2008-2012.Since then, the sun has begun to shine again! I am now utterly briliant again, and immerse myself in small caps, and am a walking encyclopedia on the subject. I love writing a daily report for Stockopedia.com on most weekday mornings, constantly researching daily results & trading updates for small caps. Cheese! more »
Hi Paul
Given the extremely vague albeit seemingly very positive update from Veltyco (LON:VLTY), it would certainly be interesting to hear your views on a company where broker estimates seem to be way behind the curve. Any broker clarifications as to the extent of expectation upgrades would also be of considerable interest.
Thank you & Best Regards, Martin
GAME Digital (LON:GMD) I am worried that the price at 48p is now well up with events. There is net cash of 39p/share allowing for the sale proceeds, yet the company is loss-making; Yes there is potential as Paul points out by terminating leases etc but the company needs to build up presently small parts of the business to produce the hoped-for profits, so I am worried that pushing up the price further is somewhat speculative and have consequently sold. Would be very interested to hear other people's opinions.
Treatt (LON:TET): Decent FY results with profit up by 45% from revenue up 25%. Nice to see gross margin up by 1.3% to 24.5%. Also like that the 2020 strategic plan has been delivered 3 years early. Largest uncertainty comes from UK site relocation and US expansion - for which they're placing ~10% of new shares at 410p (just a 2.4% discount which seems pretty good). Encouraging start to new year and in-line with forecasts (although these are for only a 3-5% rise at the moment so an upgrade is needed to justify the P/E). I hold.
£ACAL came in with good results today although they rather spoilt it by also announcing a very silly new name.
"deliverIE" sounds like a Crowdcube funded Fintech company that would be featured in Wired one month and go bust before the next issue. Like building a fancy new headquarters building, I think changing to silly names tends to lead to subsequent underperformance.
But today's all round improvement in revenue, earnings, order backlog and margin seems to confirm that the company's push to higher margin bespoke products is working and that the promised "jam tomorrow" is becoming
"jam today"!
They've changed their name to something that sounds like Microsoft's old and crappy browser? Sounds rubbish. I think that one of Paul's rules of thumb is to avoid companies that change their name for no good reason. Just look at Brainjuicer!
Seems to me concept stocks are performing at present e.g. Versarian and Ocado. Both made good announcements which the market has responded energetically to. I wonder if Versariens interims on Wed will see price fall as journey is yet again seen to be better than point of arrival. Anyway my point is often concept stocks get ramped up as valuations in less risky stocks are unattractive and perhaps we are arriving at an inception point. More an observation than anything else.
D4T4 results out this morning , trading around 120p , statement release this morning is paste below ,
"As experienced in some previous years a higher proportion of our business is expected to close and be delivered in H2 2017. Despite a lower first half due primarily to a change in the timing of contract awards by comparison to the same period last year, the Board remains confident of achieving management expectations for the full year based on recent business wins and the depth and quality of the prospects pipeline."
Is the sell off justified ??
Hope you’re back on form soon Paul.
Was a bit surprised to see some thumbs down. I think everyone is entitled to a duvet day when needed. I also find that Paul writes in great detail the vast majority of the time, willingly shares his experience with investors and engages a lot in the comments section too to try and help people.
Best regards
Andrew (an appreciative reader)
I don't think Stocko moderated Paul for disruptive behaviour because he chose to take a duvet day ... :-/
As an aside to share discussions... does anyone know why the "Contact Support" menu selection does not respond? Has it been disconnected due to overuse!?
I've just read through the "Vote on Features" list of upgrades requested by users that Stockopedia are working on. My reason for wanting to contact support was to understand how and when Stock Reports are updated after a company reports interim or full year results? This is clearly crucial to anyone using screening to highlight new ideas and yet improving the speed of SR updates is not in the new Features list, as far as I can tell.
As an example, Focusrite (LON:TUNE) reported last week and it took 3 to 4 days for the SR to reflect the results, and yet yesterday Patisserie Holdings (LON:CAKE) reported and the SR has been updated overnight. I have noticed the same with several of my holdings or shares on my Watchlist, Why the difference in time to update the SR? I assumed that this would all be scripted behind the scenes and the new data run overnight, but perhaps it actually requires manual intervention and so timing of SR updates is variable? Or is the fault caused by delays with the data provider? It would be good to understand.
All the best, Si
Just seen IG Design (LON:IGR) interim results today, seem to be below forecasts, shares are down 8%.
Yes. I still like the company for the longer term but decided to dump a third of my holding at 426p yesterday. The price had a strong run up ahead of the results, so it's good to know it's not because the company is "leaky". I think the fall is probably as much to do with the wobbly forward looking comments as the results themselves.
All the best, Si
I saw the £D4T4 results. I'm not a holder, I have had them on my Watch list but I haven't had time to research them.
From what I have read the B.O.D do seem very confident of making up the short fall in H2, although, I guess they would say that. I think I am right in saying they have had a history of H2 weightings.
I suspect this boils down to a judgement call, do you trust Management? If so this may be a good buying opportunity. If not.....
Much better to take the odd duvet day & keep a fresh mind, so you maintain the high quality of what you do write, rather than publish the kind of useless commoditised drivel seen in certain magazines & newspapers.