This week we got the sad news that Her Majesty The Queen died. Her reign provided stability during the most tumultuous of times. She will be missed.
WayneJ returned with a large caps live looking at mortgage rates & housing. In small caps land, news flow has picked up markedly. However, with both Mark & Leo on holiday, this summary will take the form of links to the discord channels. We encourage all readers to join the debate there, too. Here’s a server invite for those who haven’t visited before.
Large Caps Live
Capital Limited (CAPD.L) - New Contract Award
A nice further win in the drilling space, adding to FY 23 profits & beyond.
Details of competitor, Major Drilling, strong trading.
Vertu Motors (VTU.L) - Pre-Close Trading Update
In line, as we expected, but strangely not welcomed by the market.
MPAC - Half Year Results
Poor results, but perhaps some promise from the FREYR contract.
Best of The Best (BOTB) - Strategic investment
XP Factory (XPF) - Acquisition & Trading Update
Seems a strange move at an uncompelling valuation.
Somero (SOM) - H1 Results
Luceco (LUCE) - Interim Results
That’s it for this week, normal service should return next week.