This is a high-quality update across all the things that matter for an off-price retailer: traffic up, comp up across divisions, gross margin expanding on merchandise discipline, capital return accelerating. The fact that management is not flowing through the entire Q1 beat to the full year is conservative-credible rather than worrying — they’re flagging fuel […]
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 […]
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 […]
A long term core holding of mine which is back to doing what it does best: operational excellence and automation. Who doesn’t need that? Worth a listen
Investment case summaries for Kinovo, Billington and Touchstar have been added in addition to Cordel, Transense and Begbies.
Podcasts are now active. These are organised by different topics. Most of them are summaries of the companies I invest in. These would be slowly growing over the coming weeks so please keep tuned in.
Markets are tough I know. Good luck in the meantime