Stock Specific update

    Volex

    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.

    Company results

    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 … Continue reading Company results →

    Mitie follow up

    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 … Continue reading Mitie follow up →

    Cordel revenue miss

    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 … Continue reading Cordel revenue miss →

    Mitie FY25 results

    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 … Continue reading Mitie FY25 results →

    Cordel Trading update

    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 … Continue reading Cordel Trading update →