Dearg Doom

StoneCo $STNE
Share Price $16.34 (-13.41%)

Q&A in the presentation must have spooked the market.

Any deceleration in growth expectations will punish the Share Price.

Crikey! Within the hour, I'm already averaging down.

Reckon my stubbornness is at play here.

A Core Holding reestablished.

StoneCo $STNE
Share Price $16.91 (-10.4%)

Q3 results

EPS beat, revenue down modestly

Mgmt sees credit portfolio becoming a larger P&L driver in 2026 and cost-of-risk staying in the mid-teens

Shares off ~10% on sentiment!
A short-term blip.

Previously, exited.
I'm comfortable re-entering today.

ITV #ITV
Share Price 80p (+18%) +12.3p

Everyone is watching on what is a normal quiet Friday!

Yes, a big spike in share price in the first 10 minutes

Likely, informed speculation. However, If I owned ITV, I would reduce or sell the lot.

Happy Days fpr long suffering holders!

Three Out, One In!

Yes, USA Tech’s shares are looking over extended.

Even many of those potentially good value shares are slipping also.

I’m trimming and exiting a few positions — selling three for every one I buy.

Time to rebalance with less risky shares before the music stops!

Diageo $DEO #DGE
Share Price $87.27 (-7.1%)
Share Price 1680p

Not surprised by the fall — the market reacts fast. Still see more downside before fair value

Flat growth, weak margins, selling good assets to cut debt… Diageo’s slimming down — more spirit needed

Looks an Uphill Struggle!

Rest4Now.

Novo Nordisk $NVO
Share Price $47.67 (-1.53%)

Not sure yet whether this is better or worse than expected. Watching closely — most of this may already be priced in

Key questions remain: implementation, eligibility, and timing

Expect drugs worldwide, outside USA will increase. Hmm...

Added Big!

TBC Bank Group #TBCG
Share Price: 3826p (-10.4%)

Net profit up only ~6% YoY for 3Q/9M,.

⚠️ It’s not the small Uzbekistan arm alone – it’s the whole Georgia business growing less than hoped.

Missteps occurred alongside regulatory changes and challenges to Uzbekistan's lending.

Boldly added more!

Tate & Lyle #TATE
Share Price: 378p (pre-open)

H1 revenue down 3–4%, EBITDA high single-digit lower

Weaker demand across Americas & EMEA; Asia flat.

FY outlook: low single-digit decline in revenue and EBITDA.

Cross-selling from CP Kelco starting to show promise.

A gentle rise in SP early on.

TBC Bank #TBCG
Share Price: 4,295p (pre-open)

3Q AND 9M 2025

Strong yield, modest valuation, growth via Georgia & Uzbekistan.

⚠️ Watching geopolitical/regulatory risks though.

On a cheap p/e for a reason.

Like to see faster growth.
Hit a bump this year.

A core holding

Diageo #DGE
Share Price 1747p (-50p) -2.78%

Q1 2026

Debt trimming and cost cutting continue with asset sales.

Volumes and revenue broadly flat — growth engine still idling.

Targeting £3bn free cash flow and lower leverage.

More “over the hill” than on the rise for now.

A challenging situation!

e.l.f. Beauty $ELF

A trouble outlook for FY 2026:

Net sales $1.55–1.57 bn (+18–20%)

Adjusted EPS $2.80–2.85 (vs $3.39 FY 2025)

Adjusted net income $165–168 m (vs $198 m)

How much lower can the valuation go?

I've have no position as yet!

e.l.f. Beauty $ELF
Share Price $94.25 (-20% post close)

💄 Q2 FY26 results:
Sales up 14% to $343.9 m, marking 27 straight quarters of growth — but margins took a hit (from tariffs + costs).

Adjusted EPS $0.68 vs $0.82 last year (-17%).

GAAP EPS just $0.05 after one-offs.

Pinterest Inc $PINS
Share Price: $25.83 (-21.3%)

Opening a position here.
Yes, I've lots of homework still left to be done.

Does seem good value unless something is hidden under the floorboards.

A value trap?

I'll let the price action advise me.

A stop loss needed.

Southwest $LUV
Share Price $29.97

Margins still wafer-thin (≈1%)

2025 EBIT guidance just $600–$800m

Bag fees & seat charges may lift earnings — if execution, costs, & loyalty hold

Any wobble in demand, fuel, or rollout… and 2027 margin target could nosedive. ✈️

High Risk/High Reward!

My 1st Buy

I've been a fool here on occasions.

It’s easy to think “it can’t fall much further.”

But plenty of shares that drop 60% go on to fall another 60%.

Falling prices don’t make a bargain — solid businesses do. 💡

Ever been tempted to catch a falling knife? 🔪👇

🚗 Uber $UBER
Share Price $91.06 (-8.5%)

Results before the open (4 Nov 2025) — trips up 22%, strong cash flow, but profits flattered by a one-off tax gain.

📉 SP down about 10% as markets question guidance and margins.

Still think it’s a buy — fundamentals remain solid.

Looking to average up!

Something is Stirring!

Maybe it's time to step back and take in the overall view.

Zotefoams #ZTF
Share Price 387p (-14%)

EMEA and Transport & Smart Tech showing strong momentum.

Vietnam plant on track for 2026.

South Korea innovation hub signed.

Croydon R&D centre planned.

Steady trading + strategic progress.

Can #ZTF keep up with investors' enthusiasm?

No Position As Yet

Zotefoams #ZTF
Share Price 387p 📈( -14%)

Q3 Update:

Revenue £38.2m, YTD +7% (cc), Leverage 0.5x.

Strategic expansion in Asia & footwear innovation hubs driving long-term growth.

An overheated share price last month is cooling back to a more normal level.

Fairly Valued!

Novo Nordisk $NVO vs Pfizer $PFE — the $9 bn battle for Metsera.

Novo’s unsolicited bid challenges Pfizer’s $7.3 bn offer, but investors flinch.

Novo's shares slid to $49.46, while Pfizer closed at $24.65.

Antitrust glare, board overhaul, and GLP-1 fatigue weigh on the sector.

Hmm...

Yes, a few.

You buy a share that’s already fallen 60% after a profit warning.

A month later, the whole market drops 20%.

What happens to your share? 🤔

🔘 (A) hardly falls at all — it’s already down enough!

🔘 (B)drops about 20%, same as the market!

🔘 (C) falls even more than 20%!

What do you think?

Dexcom $DXCM
📉 $56.95 (−16.5 %)

💰 Q3 2025 revenue $1.21 B (+22% YoY), EPS $0.61

⚠️ Shares drop as cautious 2026 guidance (11–13% growth) worries investors vs expected 15%+

🚨 Overhang: FDA warning letter, app/receiver recalls, short-seller report

👀 Market reacts to Q3 earnings release.

Watching!

Fiserv #FI
Share Price: $66.10

Sentiment has flipped!

🇦🇷 Argentina tailwinds gone.
💼 Mgmt reshuffle + thinner margins.
⚙️ Growth trimmed to ~3.5–4%.

Still — $4.5 bn free cash flow gives firepower.
💰 Long-term debt cheap + spread 15 yrs.
🎯 Now a cash-return story, not a growth story.

Just Bought!

🚨 Fiserv $FI
Share Price $69.82 (-44%)

SP Crashes immediately After Q3 Shock & Major Reset.

Q3 earnings missed expectations.

Full‑year guidance slashed:
Organic revenue now 3.5–4%,
EPS $8.50–$8.60 (vs prior $10.15–$10.30)

Leadership overhaul underway.
Shares opened down ~44%.
Confidence shaken.

WH Smith #SMWH
Share Price: 702p (▼1.1%)

By way of some peace of mind, I’ve taken a third of my position off the table. ✈️

Still bullish — the recent share price recovery hints at clearer skies ahead. ☀️

Will revisit in December to decide whether to add, hold, or sell. 🧳

WH Smith #SMWH
Share Price: 702p (▼1.1%)

A small turbulence, not a crash. ✈️

The update from its US arm is taking a little longer to taxi onto the runway — and investors held their breath.

Deloitte's review is delayed. Always causes a flutter, but the market seems to think it’s carry-on as usual.🧳

Deckers #DECK
Share Price $87.10 (-3.73%)

A strong, cash-generative company with premium brands, but forward guidance has spooked investors

✅ Strengths: Hoka & UGG brands, DTC channel, net cash

⚠️ Risks: Slowing growth, margin compression, consumer sentiment

Poorer H2 to come

Yet I Bought Today!

Deckers $DECK
Share Price $87.10 (-3.73%)

Smart money is worried consumers will cut back on expensive shoes or become more price-sensitive. Quality shoes can even last longer!

Maybe they’ve overdone the bear case — that’s my margin of safety.

🏃‍♂️ HOKA and 👢 UGG aren’t just brands — they’re habits!

Some companies with RNSs out today at 7:00 a.m.

Date 28th October, 2025.