Very strong update from Mitie for H126. Upgrading profit guidance by 11% vs 2025 as well as similar upgrade to market consensus. Integration with Marlow is going as planned, so all is looking positive. The only small concern is that the TCV(Total Contract value) is below H1 25 at £3bn. But still much higher than […]
Transense had its final results on the 23rd Sept. Unfortunately after these results I decided to call it a day for now(after being in the stock for 2.5yrs). I still like the management team and what they are trying to achieve, I just don’t think the numbers add up anymore. The company made £1.4m in […]
Very positive ruling by the Federal Court in the US. Obviously the share price rise(+9%) reflects the positive sentiment by investors. This would refocus the management time on AI and clear up a lot of the uncertainty hanging over the stock. I think this should be positive for the stock beyond the recent market move […]
Somewhat disappointing results from Hilton. The Foppen business(maybe Floppen is more apt) is struggling again. Issues at the high margin fish division(Foppen). Contaminated fish at the Greek production facility so now they need to airlift fish from the Netherlands to the US. Cost so far of £2m with additional £5m until the issue is resolved. […]
Over the past month few months I have acquired shares in Meta(META) and FRP Advisory Group(FRP.L) as well as small positions in Hermes(RMSP) and one of my all time favourite companies(held it for 10yrs prior to COVID), TK Maxx(TJX). Meta, Hermes and TJX would likely be long term holdings while buying on weakness in the […]
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 […]
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 […]