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Re UP Global Sourcing Holdings (LON:UPGS) surely major customers can be both discounters & International...I believe B&M is a major customer so they could have their business split U.K. & International ? Also Action is a discounter/supermarket & operates in 7 non U.K. markets & is a customer so no idea where that would sit..either

Great background....many I also held SCS (LON:SCS) for a while..again took profits far too early after doing a couple of mystery shops which made me feel that it wasn’t my kind of investment...I keep both on my watchlist to remind of what I’m missing

:) I must admit I’m kinda kicking myself for selling as I knew the international bit was going better than planned as they were recruiting for country managers for countries they hadn’t formally stated they were active in! Did you attend the investor day last week?

Great summary..I held but sold out when mgt refused to answer some basic questions...but they now appear to understand that being a public company involves connecting with shareholders I think you’re correct in your assessment that they’re likely to do well..

Afternoon Paul Thanks for the commentary on Airea (LON:AIEA) of today it is my largest holding...not least because it’s more than quadrupled since I first started buying it. What I like about it was for years the poor performance of Ryalux disguised the attributes of the high quality Burmatex business Management have done a classic rolling restructuring on the business, shedding 5 (IIRC) leasehold…

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