Ok, here is the inaugural performance review. The intention is to do these once the quarter is over, but given that I did not publish one last time (as there was too much going on with the website) this would be a one off H1 publication. On this occasion I will comment on all […]
Excellent results this morning. Good organic growth across the main divisions(Electric vehicles revenue up 40% and Consumer electronics is up 10%). Especially in the current volatile and uncertain markets. Looking forward to hearing the management and asking a few questions at the Investor Meet presentation tomorrow.
A few of the companies would be posting results in the coming weeks(MSI and Volex as well as a couple more on my watchlist that I am building positions in). Hoping for blow out results from MSI in particular as it has been especially quiet from a news perspective. There might be also some strategic […]
I will write the first Q2 performance summary in early July with some notable events since the start of the year within the portfolio. I have just updated the performance of the portfolio vs S&P500 and FTSE AIM All share and it stacks up favourably at 8% vs 4% and 6% respectively. Not a bad […]
If you are thinking about adding Mitie as a holding, it might be worth doing so via the Marlow shares. Currently the value at which Marlow is trading at is below the 290p +1.1Mitie shares offer. This means that the share component of the offer is trading at about 10% discount(i.e Marlow is trading today […]
Having had a chance to review in details the analyst call(as well as the financial statements and results), I think the market has a)over reacted on the downside with the results and the acquisition b) the Marlow purchase seems to be at a good price(only 26% share premium to an already subdued Marlow share price […]
Very disappointing revenue miss from Cordel. While it is understandable that at this stage the contracts are quite lumpy relative to the overall figure, this is at least the second time management have rolled back on guidance which is not good news. The product is still a very attractive proposition to railways, but it would […]
Mitie announced reasonable results alongside an acquisition of Marlow(MRL) for £366m in a part cash(2/3), part shares(1/3) offer. The initial market reaction was quite disappointing with Mitie losing about £300m in market cap. I suspect the share reaction is a combination of the lack of clarity on the rationale for the acquisition and something within […]
Positive update from Cordel, another excellent win with a reputable Class 1 US freight railroad for the AI technology offered by the company. Hopefully this provides additional assurances for other clients to jump on board imminently. In the current economic environment it is important to offer products which not only save you money but also […]
As I currently have a significant number of holdings which I have built over the years, it would take a while to upload podcasts and analysis on all of them. I will likely be uploading following an earnings announcement or a trading update for the companies which I hold but have yet to publish analysis […]