Nesh

2) AI usage. Injection moulding - reducing direct labour by 35% with AI. Saving circa $1M in 2024 in China factory.

3) Previously they said no extra capex on Mexico facility as it can support 3X the current revenue. Today they mention, “ addition investment required to expand operations”

4/4

Lot of information that they have provided for first time. Probably because of the dire share price movement in last year. Some key info I’m seeing for first time,

1) Split of US and non US revenue. $25M US revenue and rest are non-US. Out of that $15M currently in China and $10M in Mexico 3/4

I think roughly $70M new revenue will be added in FY25/26 I have answer for my question to Simon from Half year results, that no end of life for current programme until FY28 (First end of program in China). I think they will do $11M in Adj.PBT and at current mcap trading at PE less than 2.5
2/4

My comments on today’s #CTA.L results in discord group.

3 new programs which was with competitors in China transferred to CTA (Mexico facility). This will add $10M from FY25. Probably more to follow in the year. The video is handy. Simon really wants to be more engaging. 1/4

Tone of the RNS suggests they’ve had enough with the Americas division and the new Americas head is know for her Private Equity restructuring.
DG international generates $300m revenue and $30m adj profit. Current market cap £48m with good asset backing. Will be interesting to see market reaction.

Closed #PTEC.L (Buy 729p) at 741p. Closed #MCG.L (Buy 58.75) at 60.6p. Opened a new position #ELIX.L at 578p.

Closed #GAW.L (Buy 13620p) at 13940p. Opened a new position in #PTEC.L at 729p.

Closed Tax year 2024 - 2025 with returns of +26.3%. Last 3 weeks erased % of gains. Top 3 successful #KWS #IGR #GKP. Top 3 laggards #AVAP #MER #YOU.

Lot of lessons learnt. ISA top up done, will track TaxYTD on weekly basis and will post buy/sell at end of day.

TaxYTD 2024-2025 : +26.3%

GL all 🥂

Portfolio (04 Apr 25):

#AVAP.L (Buy 162p)
#GKP.L (Buy 195p)
$HOOD (Buy 40.77$)

Trades:

Buy #CRW.L (Buy 1690p)
Buy #MCG.L (Buy 58.75p)
Buy #GAW.L (Buy 13620p)

Cash: 0% TaxYTD: +19.9%

Brutal week, Erased more than 15% of portfolio.

“Volatility is the price we pay for higher returns“ 🤞

GL all 🥂

Portfolio (28 Mar 25):

#AVAP.L (Buy 162p)
#GKP.L (Buy 195p)

Trades:

Sold #BMY.L (Avg 610p, Sell: 613p)
Buy $HOOD (Buy 40.77$)

Some of the valuations in US has fallen to the level of my liking. Added $HOOD and have few others in watchlist.

Cash: 12% TaxYTD: +35.6%

Good luck all 🥂

Portfolio (21 Mar 25):

#AVAP.L (Buy 162p)
#BMY.L (Avg 610p)
#GKP.L (Buy 195p)

Trades:

No trades this week. Good updates from #GKP.L and #BMY.L this week. #GKP.L resumes interim dividend (8.6p). #BMY.L had ahead of expectations results.

Cash: 0% TaxYTD: +35.2%

Looking for an entry in $NEXN.

Portfolio (14 Mar 25):

#AVAP.L (Buy 162p)
#BMY.L (Avg 610p)
#GKP.L (Buy 195p)

Trades:

No trades. Just watching amazing volatility in US markets. 🥷

Cash: 0% TaxYTD: +29.7%

Happy weekend all. 🥂

I’m fully invested too. But super highly concentrated on my top 3 conviction stocks. #AVAP trades at a huge discount. #GKP pipeline opening imminent. #BMY For the 26weeks in H2FY25, SJM had atleast 3 books in Amazon best seller all 26 weeks 🤞. Will exit #BMY and #GKP when my target is reached.

Portfolio (07 Mar 25):

#AVAP.L (Buy 162p)
#BMY.L (Avg 610p)
#GKP.L (Buy 195p)

Trades:

Sold #ADVT.L (Buy 162p, Sell 158p)
Avg down #BMY.L (Buy 566p)

Sold #ADVT.L to fund #BMY.L buy. #BMY.L results Mar 25.

Cash: 0% TaxYTD: +29.1%

Happy weekend all. 🥂

Portfolio (28 Feb 25):

#AVAP.L (Buy 162p)
#BMY.L (Buy 658p)
#ADVT.L (Buy 162p)

Trades:

Sold #TSTL.L (Buy 352p, Sell 356p)
Buy #GKP.L (Buy 195p)

Cash: 0% TaxYTD: +33.8%

Happy weekend all. 🥂

Portfolio (21 Feb 25):

#AVAP.L (Buy 162p)

Trades:

Sold #KEYS.L (Buy 521p, Sell 536p)
Sold #JET2.L (Buy 1496p, Sell 1422p)
Buy #TSTL.L (Buy 352p)
Buy #ADVT.L (Buy 162p)
Buy #BMY.L (Buy 658p)

Cash: 35% TaxYTD: +34.4%

#TSTL.L update Monday. #BMY.L TU expected soon.

Happy weekend all. 🥂

A 50% drop in share price would take this below TBV and in a very interesting price range. Zeus cuts FY25 forecast by 40%.

Portfolio (14 Feb 25):

#AVAP.L (Buy 162p)
#KEYS.L (Avg 521p)
#JET2.L (1496p)

Trades:

No trades this week.

Cash: 0% TaxYTD: +34.2%

Both #KEYS.L and #JET2.L updates next week. Hopefully both are ahead of expectations. 🤞

Happy weekend all. 🥂

Closed short #FTSE @8751p. 20 points banked.

Shorted #FTSE @8772 in SB. Dire results and forecast from BP should drag the index down.

Portfolio (07 Feb 25):

#AVAP.L (Buy 162p)
#KEYS.L (Avg 521p)

Trades:

Closed #3UKS.L (Buy 228p, Sell 219p)
Closed #INSE.L (Buy 68p, Sell 70p)
Closed #CTA.L (Buy 31p, Sell 33.1p)
Buy #JET2.L (1496p) Full pos

Cash: 0% TaxYTD: +34.5%

Bought #JET2.L @ 1496p. Full position. Trading update soon, should be ahead of expectations.

Opened a full position in #3UKS.L @228.6p. 🤞

Closed #CTA.L. Was able to sell 50% of my position at 34.3p and rest at avg 32.2p. There is no split of revenue but I guess majority of the new orders were from Mexico and 25% tariff could hurt. Depends if CTA sells to OEM in Mexico or directly to OEM in US. Either way current trade war is no good.

Nice info mate. Thanks for sharing. Good luck on US trading. Looking forward to future updates.

Portfolio (31 Jan 25):

#CTA.L update helped this week.

#CTA.L (Avg 31p)
#AVAP.L (162p)

Trades:

Closed #3UKS.L (Buy 237p, Sell 231p)
Closed #GAMA.L (Buy 1340p, Sell 1321p)
Closed #GKP.L (Buy 164p, Sell 170p)
Buy #KEYS.L (532p) Full pos
Buy #INSE.L (67.5p) Starter pos

Cash: 12% TaxYTD: +39.1%

Adj.PBT margin for H2 24 had a nice boost. H2 24 adj.PBT of $4.5m on a revenue of $56.5m (8%). For FY25, with forecast of $122m, provided they achieve the same (or better, since some of initiatives are not yet complete) adj.PBT margin, we get $9.7m (or £7.9m) adj.PBT. Mcap at £21m. Too cheap.

3) Though it is a slight miss on expectations, it is extremely cheap. £7m adj PBT. PE of less than 3 for a company that has visibility on revenues for next few years. I hold and it is now my largest position.

3/3

2) They have added $39.5m annually to supply components for OEM. This is the best year since listing. Per my calculations, this should be for 17-20 models across EV and ICE (Primarily EV). But this revenue will start only from FY26 onwards. So only a mid single digit revenue growth next year.

2/3

#CTA.L Good update. Some key points,

1) Mexico plant can do 3x revenue with no further investment. Should benefit from US near shoring. Trump tariff threats exists.

1/3