Likewise #LIKE.L TU, broadening distribution infrastructure with purchase of a hub in Leeds for £3M. Q1 revenue of £44.2M up 15.2% YoY. Considering other freehold projects to increase capacity. Looks like they are continuing to erode the remaining #HEAD.L business.
#MPAC.L finals look ok and in line, growth in revenue, margins and profit, helped by acqns. Pension scheme buy-in with Aviva due to return £5M cash on windup. Outlook a little uncertain, currently in-line, order book down YoY, order intake flat, macro uncertainty not helping, H2 weighting.
Noticed today that Wilmington #WIL.L has had significantly larger volume than normal dealt, with >3M shares. No recent holdings RNS but maybe this is a persistent seller being cleared?
The last update from #ALU.L was not great and was a warning in disguise and via broker, so this is not unexpected. Share price dropped quite a bit after that, however it may drop further today - given the expected outturn the price looks like reasonable value.
Alumasc #ALU.L Q3 TU, new CEO Pamela Bingham warning due to a number of factors that adj PBT will be ~£11M rather than the expected £14.2M. She does say 'I see significant scope to drive performance through self‑help initiatives' especially in Water Management. At least they put figures in this time
Norcros #NXR.L FY TU, basically in line with revenue up 10% to £393M, underlying PBT at least £40.4M. Anaemic organic revenue growth, most is due to Fibo acqn which is performing in line with expectations. Debt £67M (£36.8M) reflecting Fibo acqn. CFO James Eyre planning departure, warmly thanked.
Hollywood #BOWL.L H1 TU looks quite positive, revenue up 9.5% YoY, LFL growth 2.6% UK, 0.5% Canada. Strong pipeline of new centres. Net cash £26M. Electricity costs 76% hedged until end of 2029.
'Confident in the outlook for 2026 and beyond'
Have you watched Tehran? Very topical....
Oxford Instruments #OXIG.L FY TU, OK in that FY in line with expectations which have been falling over the last yr. H2 stronger with reported revenue marginally below prev yr. Helped by semiconductor strength. Full yr order intake up 8%. Spaffed lotz of cash on buybacks. No mention of debt/cash.
Porvair #PRV.L AGM TU, sounds OK with first 4 months showing 5% CC revenue growth, full year expectations unchanged. Most areas doing well other than auto/truck/agri which remain subdued, but smaller area. Monitoring M East but no change to strategic outlook. Interesting acqn prospects in evaluation
Solid State #SOLI.L FY TU, revenue and adj PBT both ahead of consensus market expectations, all three dvisions performing strongly. Order book up to £106.5M. Lead times for components started to extend recent weeks, mitigating. Increased demand in defence/security from both new/existing customers.
Tracsis #TRCS.L making a small acquisition of a German ticketing technology company, sits as an intermediary between 3rd party apps and operators. Immediately earnings enhancing but no figures provided. They say ' a measured step into a large European market', could be good.
This happened with Alumasc #ALU.L too. I contacted the company and made my feelings clear, but both they and the broker shrugged it off. Definitely prefer the upfront approach even if not good news. Simply a question of trust.
Renew Holdings #RNWH.L H1 TU reads ok, trading and net cash in line with expectations, order book continues at record levels giving confidence in delivery against full yr expectations. Some areas better than others, water especially good, rail balanced by maintenance, acquisitions on the agenda.
James Halstead #JHD.L interims not bad, revenue down slightly, PBT £24.7M (28.5M), eps 4.4p (5.0p), cash £70.8M (63.7M), divi increased again 2.85p (2.75p).
Outlook-UK sales picked up in first 2 months, M East affecting raw material, energy and transportation costs but will also affect competitors.
Anpario #ANP.L finals look pretty good, revenue £47.2M (38.2M), gross margin 50.9% (46.9%), adj eps 39.49p (29.66p), cash £12.4M. Most regions doing well, India/M East not so good but recovering. Outlook, Q1 in line with strong Q1 in 2025, acknowledge macro conditions, logistics teams mitigating.
Here's today's Small/Mid Cap Value Report, obviously very quiet on Fridays (hence free). I included my notes from TinyBuild (ahead exp results 19/3/2026, I hold), which took a while to write up. paulypilot.substack.com/p/fri-27-mar...
Amcomri #AMCO.L are buying the National Compliance and Testing business of Enerveo Ltd which is part of SSE. For £1. NAV of ~£1.5M, and revenues of ~£5M. Seems there must be a catch somewhere but I can't see it.
Obviously not a #GDWN.L investor. If I want advice then I'll ask for it.
That for me is the crux of it Pat, confidence is key to an investment strategy. Personally I'll be watching for the results (maybe they'll even release them at 7am) and continuing narrative. Narrative is what built my confidence in GDWN and also decided me to sell.
It is what we make it Paul. You'll find a few familiar names on here, @1james1n1.bsky.social @brokenbanker.bsky.social @ranmoorruffian.bsky.social and others.
Treatt #TET.L AGM TU offers some slight encouragement, conditions still difficult but Citrus seems to be improving and progress being made in newer markets especially China. Increasing momentum in Q2, trading in line with expectations. Recruitment for CEO and NEDs ongoing.
Thanks for the reply, the data does finally seem to have come through, so no need to take this any further. Many thanks.
Hello @octopus.energy - have a couple of days electricity usage missing from third party apps - would you be able to pull it through for me please?
Story is not clear enough for me to have the level of investment commitment that I originally had in #GDWN.L - if it becomes clearer then I might change my mind, but not sure it will-engagement with the broader community is important for a co that size. Wish you well with it though, no regrets!
Additionally, they stressed the negatives as opposed to the positives - a complete change of emphasis from. normal. Agree over the 'influencing' by one or two, caused the spike. Still think GDWN is interesting and will continue to follow, but happy to have the cash currently.
Pat, always appreciate your insights. Goodwin was just another investment for me, hence top-slicing at an over-valuation, and protection of profits when the story changes, at least for a while. GDWN initially said Duvelco would start contributing in the next financial yr, now looks some way off.
Yes, that was my reasoning yesterday, hence the sell. Could really do with some broker coverage as well.
It was a bit more than oddly worded and if you took the release from yesterday and put it alongside the previous update/s you would think they were different companies and different management. I managed to sell a reasonably sizeable holding yesterday at ~146p and topsliced at 256p, so not unhappy.
