LANTERN delivered according to the company. The primary analysis estimated a 40% relative reduction in 30-day surgical site infections and met the trial’s prespecified Bayesian criterion for treatment benefit across 5,188 patients, with no treatment-related serious safety concerns identified. That comfortably clears the double-digit bar I set at initiation. Context matters here. HCA is not […]
Original initiation published May 2026. The Quick Take Company: MTI Wireless Edge (AIM: MWE) — Israeli antenna, water-control and RF distribution group Revised thesis: A genuinely diversified compounder, not a defence pure-play. The half just gone was carried by the water business, not by antennas or defence Valuation: 68p vs my fair value of 100p […]
MS International (AIM: MSI), one of my top holdings, published its results this morning for the year to 30 April 2026. The headline numbers were soft, as pre-flagged: revenue held steady at £115.0m, but pre-tax profit fell 25% to £15.1m and EPS dropped to 67.4p — a cost story, not a demand one; gross margin […]
Seven weeks after an AGM statement that merely reaffirmed guidance, Keller has issued an unscheduled upgrade: full-year 2026 revenue and underlying operating profit are now expected to be materially ahead of market expectations (consensus £3,150m and £223m respectively). North America is doing the heavy lifting — materially outperforming, with data centre and infrastructure demand the […]
The Quick Take Company: Transense Technologies (AIM: TRT) — Oxfordshire sensor-technology group with three income streams: SAWsense, Translogik and a Bridgestone royalty. Thesis: A high-margin, IP-rich micro-cap whose profits today come almost entirely from a royalty that expires in 2030. The whole case is whether SAWsense scales fast enough to replace it — cheap […]
I’ve been a happy holder of GetBusy for a while, but this week I cut the position back by about 50%. Here’s my thinking(more of a risk management than anything else). The bull case hasn’t gone anywhere. SmartVault, the US tax document platform that is the real value in the group, is now plugged into […]
After last weeks earnings announcement(which on the surface was ok), I had a chance to watch the webinar and the subsequent Q&A. There were a few things which worried me a little bit so since then I have trimmed my position by 50%. Still a reasonable holding but towards the lower middle of the pack […]
The Quick Take Company: Distribution Finance Capital Holdings (AIM: DFCH), trading as DF Capital — a specialist UK bank providing inventory (“floorplan”) finance to manufacturers, dealers and distributors across leisure, marine, powersports, industrial, agricultural and automotive sectors, funded by a digital retail savings franchise Thesis: A young, profitable, fast-growing niche bank with a genuinely clear […]
G&H’s H1 results land broadly as expected — no bad thing, given the top line was already flagged at April’s trading update. Revenue rose 15.5% to £81.9m and the order book hit a record £167.3m, with Aerospace & Defence doing the heavy lifting: revenue up 51.7% and segment profit leaping to £3.6m from just £0.6m. […]
The Quick Take Company: Journeo plc (AIM: JNEO) — a UK-headquartered intelligent transport systems specialist, providing the onboard sensors, passenger information displays, and software platforms that connect public transport fleets, stations and increasingly critical national infrastructure across five business lines (Fleet Systems, Passenger Systems, Infotec, Journeo A/S Denmark, and Crime & Fire Defence Systems) Thesis: […]