James

Thanks for the kind comments.

No, not an Elvis fan, but always wanted to visit Graceland and the content aside from the mansion (cars, jump-suits & planes, etc) made for a fascinating visit.

I was disappointed not to see any Elvis fans in full regalia though!

Thanks Steve. Have done New Orleans and Memphis and will finish in Nashville.

Is that a slightly older Clarence Boddicker of Robocop fame? 🤔

My portfolio is up 0..5% this week & up 13.6% Cal YTD.

No additional info as travelling right now, so let me leave instead 4 pics; sun-set over New Orleans before a ghost tour, a plantation house, the Graceland mansion & inside one of Elvis’s planes.

Have a good w/e all! ✈️🍹

More recently, #TRI.L ignored my question about profit warning by broker (I was more eloquent in my actual wording!) and therefore had a double fail - delivering a warning by broker & then failure to fess up to it when given an opportunity!

Nice section @dangercapital.bsky.social on questions asked, but ignored by companies in meetings.

If #HZM had answered my question a couple of years ago this August about whether they had used any contingent fund monies or not, investors might have had pre-warning of the impending collapse of #HZM.

My portfolio is down 1.6% this week & up 13.1% Cal YTD.

9📈, 18📉 & 2 unchanged. Trades: Reduce: #RNO.L, Add: #PMP.L.

#TRI.L rises on interview with holders Harwood & #PEB.L continues to strengthen to multi-year highs. #FDM.L takes a heavy pw & #WOSG reacts to new tariff news.

Good w/e all! 🏃‍♂️😎

#AMCO.L - Acquisition

This company seems to have caught some investors eyes as it has powered ahead since listingat the turn of the year.

Today it makes what looks like a bolt on Acquisition buying a electronic repair & reverse engineering outfit for €2m + €1.5m earn-out.

SP up 9.4% yesterday 🤔

3/3
Today, the company's remaining director states, "The Board has decided that the Company is not a going concern."

➡️Accounts prepared on a not going concern basis.
➡️Negative shareholder funds.
➡️Group expected to shortly enter insolvency process.

2/3
and, if I understand right a key project which was described as the source of funding saw “no discernible progress has occurred in the ensuing eight years despite Minoan having incurred millions of pounds of costs”.

#MIN.L - Interims

I suggest a read of the Tuesday 2024 Finals for #MIN.L for a jaw-dropping insight into how £MM seem to have disappeared and left the company now bankrupt.

It declared losses of £47m, impairment of inventories of £42.5m, a swing from assets of £42.2m to liabilities of £4.2m,
1/3

#NXT.L - Q2 TU

✅Reports Q2 sales up 10.5% vs guidance of 6.5%
✅Reasons: 1) UK - weather & M&S disruption, 2) Intl - marketing effectiveness.
✅Raises 2H Rev growth guidance from 3.5% to 4.5%. Result is £27m FY Rev boost & £25m PBT boost.
✅Special divi incoming for 2026.

#SPEC.L - 1H TU

❌Warns by stealth, providing no market expectations & no info to help readers understand the impact of the discontinued business segment impact on guidance.
🚨"we now expect FY revenue and [adj BS Earnings] to be in line with 2024 on a like-for-like basis."
🚨Q2 impacted by tariffs.

#SYME.L - Funding Update

RNS Translation: "The cheque is as good as in the post"

#JUST.L - Offer

Recommended cash offer at 220p - a 75% premium to closing price of 126p last night. Well done holders 👏

Quite some market moving abilities! 😮

#TRI - Interesting SP movements over the past few days, seemingly on no new news. 🤔

#FDM.L - Interims

🚨"the Board anticipates that the outcome for the year as a whole will be significantly lower than its previous expectations."
🚨Improvement in Q1, but drop-off in Q2 due to trade tensions & macro uncertainty.
➡️Further aligning of reource to market.
➡️Positioned for recovery.

#IPF.L - Possible Offer

➡️Offer at 220p, plus shareholders keep 3.8p divi announced.
➡️Total value of 223.8p represents a 24.9% premium to closing price y'day

While the offer price looks a little light, the SP has been on a good run, so perhaps the offer is in the ballpark - what do holders think? 🤔

#SOM.L - TU

Somero has always been admirably clear on its guidance and today is no exception despite poor news.

🚨Warns of subdued pace of project starts impacting 1H performance & consequently, FY guidance.
🚨Drops Rev guidance by 14%, BS Earnings guidance by 25% & cash by 14%.
➡️Confident in LT.

#STEM.L - Interims

➡️Tough results with NFI down 16%, PBT down 74%.
➡️Cash down 47% to £47.8m (in part due to buyback).
➡️Outlook: New business "soft", but expects to deliver guided £25m PBT.

#VRS.L - Going, going,...

➡️Puts the UK company into administration with Group to follow by end of August (if monies awaited do not turn up).
➡️Quite why the company settled claims against the company by it's former CEO 7 days ago and paid him out when it is this close to insolvency beggers belief.

#GAW.L - Finals

Elephants can gallop:
✅Rev up 17.5%, PBT up 29.5%. EPS up 29.7%.
✅55p divi declared today.
➡️£12m tariff headwind to be managed pragmatically. New IT system incoming.
➡️6 initiative areas for FY26; Staff L&D, Growth, Customer Focus, Social Responsibility, Sustainability & Licensing.

#FLO.L - TU

➡️Rev up 2.1% (lfl down 11.8%).
➡️Sales pipeline & order book said to be strengthening.
➡️Pleased with progress of acquired businesses.
➡️Weak March & April - June much stronger.
➡️Trading in line with FY expectations.
➡️Net debt up to £18.5m - not much headroom left...

#BMV.L - Interims

Looks like the difinition of "bargepole" for me.

"We are evolving into a platform that blends real asset exposure with digital economics – leveraging gold, Bitcoin, and structured yield strategies."

Looking for the next capital raise as I write...

#AFRN.L - Interims

➡️Rev up 36%, LBT reduced from $10.9m to $1.4m.
➡️Inventory down significantly to $2.1m.
➡️Rev growth driven by higher order volumes from Pay TV customers.
➡️Net debt stable at $14.6m - bank refinancing due Sept 2025 😳
➡️On track for FY guidance. FY Rev to be up 20%.

#STV.L -1H TU

This has never really come up on my radar, but today warns that "our expectations for full year revenue and adjusted operating profit are expected to be materially below consensus"

Looks like Rev is down & adj op profit margin significant down on PY. Blames commissioning & ad markets

#CCC.L - 1H TU

➡️Overall, FY adj PBT to be similar to PY, which looks like a downward nudge in guidance.
➡️1H saw strong Rev & GM growth. US & UK growing while FR & DE softer.
➡️1H adj op profit slightly up on PY
➡️Cash of £278m & strong B/S.
➡️Solid order backlog - "well positioned for 2H.

This week, I expect quite a few updates on my holdings:

Tues: #GAW.L - Finals
Wed: #FDM.L - Interims
Thurs: #FSG.L - AGM TU

TU Potentially Due For: #COST.L, #CTA.L, #HERC.L & #CCC.L

Looks an interesting mix of updates that may come in!

I was just looking at P/Tang Book Value for #PMP.L and doing my own calculations for this earlier today! It does hopefully provide some underpinning to the SP so long as debt remains under control!

Hope you were still holding #PEB.L this week! 😉