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 →

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 →

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 →

Clearly the value of the business is being appreciated by third parties with the cash offer at 35% premium. Lets hope other suitors will step in and bring the offer closer to £1 per share(current cash offer from Sureserve is for 87.5p). I hope the podcast has helped some of you review Kinovo’s business in … Continue reading Kinovo, potential takeover offer →