Good morning from Paul, Jon, and Alun!
If members here could buy your Mello Chiswick tickets through our discount code, we get a useful commission, so it really helps us too, as well as you getting a 25% discount.
This year’s code is:
Thank you in advance to people who buy Mello tickets using our code.
I think PSML25 stands for Paul Scott Mello London 25% off (not p#ss myself laughing, which is how I first read it!! :-)
Booking link is here, looking forward to seeing you there! Me & the team here at ShareIdeas.uk should all be at Mello to meet, greet, drink beer, and set people up on our App if you wish!
(filtered to exclude sub-£7m mkt caps, and resources sector. Live prices at 13:11)
Breaking! - GAMA confirms it is in takeover talks - I will add to our table -
(filtered to exclude sub-£7m mkt caps, and resources sector. Live prices at 13:12)
These tables are easy to produce in real-time on Sharescope - here’s my Sharescope discount sign-up page.
Key news items which the team thinks are likely to move share prices the most, good and bad. Usually published from 7:30 to 8:00
Spire Healthcare (SPI) - PUSU extended, confirms Tosca’s due diligence done, and sounds very close to progressing to a proper bid at 250p.
(down 2% by lunch)
Gamma Communications (GAMA) - RNS at 11:00 - “Preliminary stage” discussions underway with several parties re a possible offer for Gamma. Giacom & Waterland Private Equity named as a consortium considering a bid. Other unnamed parties (plural!) also discussing bids. So Gamma very much in play now.
(up 9% by lunch)
Springfield Properties (SPR) - positive market reaction to news it will use surplus cash to buy back shares below NAV, using existing authority.
(up 4% by lunch)
Hunting (HTG) - profit warning. FY12/26 guidance lowered -15% by co & -20% by Canaccord, due to delay to KOC tender. Shares likely to take a tumble.
(spiked down c.20% first thing, now stabilised at down 13% by 13:18)
eEnergy (EAAS) - delayed receipts, so being propped up with small shareholder loans. Looks wobbly, so I’m flagging the dilution risk by moving to RED until finances fixed.
(down 18% by lunch)
Second draft at 13:21 (Springfield & Gamma added) -
𝗖𝗵𝗿𝗼𝗻𝗶𝗰𝗹𝗲 𝗼𝗳 𝗮 𝗗𝗲𝗮𝘁𝗵 𝗙𝗼𝗿𝗲𝘁𝗼𝗹𝗱
𝗧𝗿𝗲𝗹𝗹𝘂𝘀 𝗛𝗲𝗮𝗹𝘁𝗵 (𝗧𝗥𝗟𝗦) ↘️ to go into administration and there will zip for shareholders. No surprise. [£1m / 0.12p]
𝗲𝗘𝗻𝗲𝗿𝗴𝘆 (𝗘𝗔𝗔𝗦) ↘️ goes cap in hand get get £0.5m loan from as former director and an extension of £0.5m loan from holder Harwood. Squeeze is down to ‘short-term’ delay in payments of c. £3.2m for the Mace project. Expects paperwork to be finalised over the coming months. Months! [£10m / 2.59p]
𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 (𝗥𝗟𝗘) ➡️ H1-June. Assets are being sold at 8% discount so far. Expects to be debt-free in Q4 and be able to start capital return [£53m / 30.46p]
𝗞𝗻𝗶𝗴𝗵𝘁𝘀 (𝗞𝗚𝗛) ➡️ as mooted, buys Moore Barlow’s commercial and private wealth lines for £27m of which £9m is contingent. Needs to hang onto the 160 fee earners [£151m / 176p]
𝗛𝗲𝗹𝗶𝗼𝘀 𝗨𝗻𝗱𝗲𝗿𝘄𝗿𝗶𝘁𝗶𝗻𝗴 (𝗛𝗨𝗪) ➡️ buyback size increased [£156m / 224p]
𝘕𝘰𝘵𝘦:↗️ ↘️ ➡️❓𝘮𝘦𝘢𝘯 𝘱𝘰𝘴𝘪𝘵𝘪𝘷𝘦, 𝘯𝘦𝘨𝘢𝘵𝘪𝘷𝘦, 𝘯𝘦𝘶𝘵𝘳𝘢𝘭 𝘰𝘳 𝘮𝘪𝘹𝘦𝘥/𝘤𝘰𝘯𝘧𝘶𝘴𝘪𝘯𝘨. 𝘈𝘭𝘭 𝘈𝘭𝘶𝘯’𝘴 𝘰𝘱𝘪𝘯𝘪𝘰𝘯 𝘰𝘯𝘭𝘺 𝘰𝘯 𝘦𝘢𝘤𝘩 𝘴𝘱𝘦𝘤𝘪𝘧𝘪𝘤 𝘙𝘕𝘚, 𝘯𝘰𝘵 𝘵𝘩𝘦 𝘤𝘰𝘮𝘱𝘢𝘯𝘺 𝘪𝘵𝘴𝘦𝘭𝘧
We’re taking this week off from the Two P’s in a Pod, so see you again at 11am on 28 August.
Charts courtesy of ShareScope, here’s our affiliate link - we earn commissions from this, which pays for one of our writing team, so it’s really helpful when readers sign up using this link. It’s incredibly useful software, which I now wouldn’t be without.
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Here is our process/checklist -
pre-7am - template article, so you can add your comments on RNSs - done 06:37
MrC’s Small Caps Sweep (usually up by c.7:45) - done 07:34
Key Announcements (Good & Bad sections) - should be up by 7:50 - done 07:49
Summary Tables - first draft at 8am, then updated regularly - done 07:49
Email goes out c.08:00 - done 07:57
Daily % movers tables - aim to be up by 08:20 - late at 08:45
Main sections during the morning, on Tue, Wed & Thu - none today.
Further updates throughout the day, and after close. Lunch updates done 13:29
Paul’s podcast recorded & published early evening.
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