Monthly Archives: September 2013

Royal Mail flotation – looks good value

Predictably, there’s a lot of media hoopla circulating about the imminent Royal Mail flotation, but scant actual analysis about whether or not it will be at an attractive valuation. ExpectingValue has shared his thoughts here: http://is.gd/ePo1l1 I’m just going to … Continue reading

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The Letter ‘O’ Considered Harmful

I am in the process of playing a Doom clone for Linux, and decided to look back on some old notes to get some tips. In the process, I looked through some investment notes I had made nearly a year … Continue reading

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$PUB.L – Punch Taverns – Recovery play

No doubt you’ll all think I’ve lost my mind, but here goes anyway … Pub chain PUB (Punch Taverns) announced its prelims today, http://is.gd/IYOlQR, causing an “interesting” market reaction … more about that below. Revenues were down 7% to £458m, … Continue reading

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$LAM.L – Lamprell – looking undervalued

Investors in recovery-play oil-rig maker LAM (Lamprell) are having a boring time lately. Starting the year at around 94p, they went up to around 180p in mid-May, but have since drifted down to around 140p, and have been tracking sideways … Continue reading

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$CUP.L – Cupid – revenues up, but margins down

After TAST and RGS, it’s time to visit the Land Of Penny Dreadfuls. Try to ignore the smell. On-line dating agency CUP (Cupid) released its interims today: http://is.gd/ElY9FH, sending the shares down 7.7% to 60p. Rarely a good sign. Revenues … Continue reading

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$TAST – Tasty – good interims

Lots of interesting results out today. Restaurant chain TAST.L (Tasty) issued its interims today: http://is.gd/IdRw9i, sending the shares 4.6% higher to 102p. Turnover was up 24% to £11.0m, and diluted EPS was up 69% to 1.25p. Pretty good. “The Group … Continue reading

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$RGS.L – Regenersis – good prelims

Electronic equipment repairs company RGS.L (Regenersis) reported its prelims this morning (http://is.gd/r18yO8), sending its shares 3.9% higher to 252p. Clearly, the market likes the results. Revenues increased 28% to £179.9m, and PBT was £5.7m (2012: £2.1m). Adjusted EPS increased by … Continue reading

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