Vivek S

Not really been concentrating, trying to get it back - actually made progress recently
Probably not helpful to see that sometimes, concentration can be a b1tch!!
For anyone interested, 2024 finished around 12%, but who's counting!!

happy new year Simon and clearly a very happy old year too!

Happy new year finsky - not my best year but thankfully tomorrow is a new year & it can only get better, or as most value investors understand, a lot lot worse!!
Wish you all the very best for the new year and all the years that follow.
Have a great night & 2025 whatever you do

Waiver for current trading environment and disposal of surplus properties with uncertainty around resolution of permitting issues in US - vague at best, deliberate obfuscation at worse.
Still 32m EV - if only I had a way of assessing what the development costs are actually worth - I hold!!

Interesting one isn't it.
You have to comply with the law and the regulations & if regulations and law conflict, I guess law wins.
Suffering with #SUS.L - was willing to go in heavy as they're clean on discretionary commission, but are probably in x-hairs here.
No action yet but could get messy(er)

#VTY
Is this why research analysts don't get paid the big bucks?

Bit of a twitter/market hiatus, mainly my doing, but lets blame politics/budget speculation!!
Made an exception for my favourite asset manager
#LIO.L Would the last AUM please turn out the lights!!
Bet they're really hoping past performance is not a guide to future performance

Nice write up, brief and to the point!! Sat on my hands into budget & think some of those sold are looking good in context of trading, flows before pros notwithstanding.
FNX is probably top of my list as an add (folio mgt). Maybe wishful thinking, but can see Budget as sell rumour, buy news event

#ASC.L
Adj EBITDA upper end, Sales miss - thank the lord for made up numbers!
Also, if s/holder is helping capital allocation for investee, are they not worsening own capital allocation?
£118m on a £437m M/Cap seems pretty big - shame that it is only 12% of the total debt, 20% of Net debt mind

Bond market blah, yield curve blah, ISM blah, Beige book blah

Best recession indicator is grey shading on charts!!

If demand for registration of interest products was not outstripping demand, why would one need to register interest??
#WOSG.L

#MBH.L
Seems like a warning to me, broadly in line with interim results (not expectations) leaves 11m Revenue & some 1.5-2m behind on PBT.

#WOSG.L
Words, I know the best words.
H2 weighting for US and buying a supplier does allow quite a bit of wiggle room come H1 results vs full year forecasts

They don't provide broker research to us plebs but reading it, I see it as a miss on current year and walking down the 2025 forecasts. Consensus EBITDA was 27m, but my fag packet takes that to EPS 13-15p vs 20p forecast. Reseller/logistics narrative suggest 2025 is also at risk, unless sandbagging