Investment Thoughts

See the "Introduction" page for a description of what this site is about. Recent updates are shown below.

02/09/08 Proactis (PHD) - Prelim results. £0.5m loss due to £1.4m restructuring but very strong H2. Promising.

01/10/08 Corac (CRA) Market disappointed by delay to first field trial of Downhole Gas Compressor to Q1-09.

29/09/08 Stanley Gibbons (SGI) link to continuing discussion on TMF

24/09/08 Hambledon Mining (HMB) Interim results announced on 18/09/08.

23/09/0/ Norman Hay (HNN) Brewin Dolphin have reduced eps forecasts for 08 and 09 by 12% and 17% respectively. New figures and ratios are on 'Value' page.

19/09/08 Norman Hay (HNN) Decent interim results. Adjusted PTP up 7%. Very strong cashflow.

12/09/08 Goodwin (GDWN) Q1 figures shown on "Value" page. Earnings up 25%.

12/09/08 Northern Recruitment (NRG) Prelim results. Final dividend cut but cash spent on share buy-backs.

11/09/08 Tikit (TIK) interim results reported two days ago.

10//09/08 Nautical Petroleum (NPE). A Hardman research note suggesting ridiculously undervalued.

09/09/08 AT Communications (ATCG). Interim report. Down nearly 30% on the day.

09/09/08 Ithaca Energy (IAE) half-year results at 19/08/08

07/09/28 Oilexco (OIL) Interim results as at 14/08/08.

07/09/08 Tullow (TLW) interim results of 27/08/08 now updated.

05/09/08 Chieftain (CFT) interim results. Adjusted eps up 36%.

05/09/08 Vero Sotware (VERO) interim results. EBITDA and PTP increased by 27% and 23% respectively before exceptional costs.

04/09/08 See the MSI page for link to discussion about implications of exceptionally high directors' remuneration. Applicable to CFT and VERO as well.

04/09/08 Soco (SIA) interim report at 27/08/08 now updated.

03/09/08 RCG Holdings (RCG) Interims well received. Prospective p/e of 4.0. Although improving, cash flow charts still prompt crossing of fingers.

31/08/08 Charter (CHTR) Interim report. Last week was exceptionally busy in terms of company results.

29/08/08 Dana Petroleum (DNX) Interim results

29/08/08 Clarke (T) (CTO) Excellent interim report.

28/08/08 Severfield-Rowen (SFR), yesterdays interims now updated.

27/08/08 TT Electronics (TTG) interim report.

26/08/08 Axon (AXO) Interim results and takeover offer by Infosys.

22/08/08 Goodwin (GDWN) Prelims announced after hours, like last year. Up 8.9% on 26/09/08 Tues after bank holiday.

18/08/08 T Clarke (CTO). Interim results due on 29 August. Prospective yield of 8.5% for 2008.

13/08/08 Maxima Holdings (MXM) Prelim results.

12/08/08 Weir (WEIR) interim results.

11/08/08 Fidessa (FDSA) Interims were on 04/08/08. Fair value in today's market at 950p?

08/08/08 Stanley Gibbons (SGI) Interim results. Price up 5.7% at 10am.

06/08/08 Xstrata (XTA) Interim results and $10 bn offer for Lonmin (£33 per share).

29/07/08 Bodycote (BOY) Interim results

29/07/08 Synergy Healthcare (SYR). Prelims of 5 June updated. Now looking rather pricey.

28/07/08 Keller (KLR) interims well received.

25/07/08 Stanley Gibbons (SGI). Seymour Pierce reduce earnings forecast for 08 by 4%, 09 is unchanged. Interim results due on 8 Aug. Link to new thread on TMF initiated by AliceinWonder1.

24/07/08 BG Group (BG.). Interim results.

23/07/08 Touchstone (TSE). Prelim results.

22/07/08 Autonomy (AU.). Strong interim results but looking pricey as usual.

19/07/08 Severfield-Rowen (SFR). At 221p yielding 9.9%, covered 1.8 times. Interims due in late September.

16/07/08 Holders Technology (HDT). Interims out today. Price down 21.5%. They did warn of weakening European markets in the last AR. I don't currently hold.

13/07/08 Touchstone (TSE). Profit warning on 11/07/08 prior to prelims due on Wed 23/07/08. Now on p/e of around 5.9 for 07 - 08.

12/07/08 Pressure Technologies (PRES). Brewin Dolphin's upgraded forecasts incorporated.

11/07/08 Persimmon (PSN). Housebuilder put on watch.

10/07/08 Hornby (HRN). Page reinstated following prelims on 6 June. Underlying eps up around 4% by my reckoning. I do not currently hold.

08/07/08 Vedanta (VED). Morgan Stanley research note dated 9 June.

08/07/08 Goodwin (GDWN). 'Value' page updated after recent falls.

02/07/08 Research notes added for BG and Maxima (MXM).

01/07/08 Pressure Technologies (PRES) - interim results ahead of expectations.

29/06/08 Celsis (CEL) updated to incorporated comprehensive research note from Edison.

28/06/08 Hambledon Mining (HMB). Thanks to 'chipperfrd' of ADVFN for continued research on this one.

27/06/08 Mercator (MCR). I've made a rough stab at earnings for year to 30 June 2009. A note from Edison is expected shortly.

25/06/08 Imagination Technologies (IMG) full year results were ahead of forecasts. Price was up 29% on the day. First full year in profit. Now on p/e of 22 for current year. High growth potential. Will look cheap if forecasts are upgraded, which seems likely.

Chemring (CHG) interim results yesterday. See 'value' sheet for comments.

24/06/08 MS International (MSI). Price up 7.5% after excellent results.

Education Development International (EDD). Interims announced on 5 June. Fine except nasty loss revealed on disposal of Singapore based ER.

21/06/08 Charts and two research notes added for BG group.

18/06/08 Results from Geong (GNG) yesterday have now been updated but company's switch from US$ to UK£ screwed up my historic data. Full-year charts only are now shown.

Celsis (CEL) prelims were well received today - up 7.5% at 10am.

15/06/08 Axon (AXO). Couple of fairly recent research notes, one positive on negative.

14/06/08 Around 30 companies have been culled from the site. These are stocks that have dropped below a certain level of interest. Maintenance of charts is time consuming and an increasing number were simply not being kept up to date.

11/06/08 Xstrata charts have been updated to include full-year 2007 results. XTA's accounts are an absolute nightmare. Consequently I have based most charts on Hemscott's yearly data (in UK£s). Exception is the cash flow chart which is half-yearly, in US$, and taken directly from accounts.