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Paul, Would be interested in your thoughts on M&S, and whether your investment thesis still looks intact. A well trailed 3% reduction in sales, but cashflow looks to be fine. I hold. Mark

I also am aware of some very generous consumer deals for Barclays Premier customers with Patisserie Holdings (LON:CAKE) whereby with the show of a special screen of your app, one received a free cup of coffee worth £2-3. I used this myself, and I once went into a PV shop some months ago and the whole queue of people were using this freebie to get…

Dear Paul, I was very intrigued by your comments about liquidity and price volatility in these markets. These are sage words of comfort to long-term holder, nervosa stock'ia types! Thank you. Are there some "rules of thumb" re market cap, and/or daily traded volumes - I pay not attention to traded volumes but I should - which you look at? I am wondering how to…

Hmmmm. re Patisserie Holdings (LON:CAKE) Quite a few Directors excised options and sold (not Luke mind) during June and July. How about they re-inject that cash back into the company to keep it afloat? Or maybe they will need that extra cash for the D&O insurance premia they'll need to stump up for.

I am always a bit concerned when the numbers say "very cheap" but the Directors are not buying.

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