Small Cap Value Report (Fri 28 May 2021) - WJG, FUL
Good morning. Thanks to Roland for all his support this week, keeping me sane. what a star! I''m so lucky to have such smashing support here. Timing - I have to be finished by noon, in order to meet a SCVR reader for lunch at TGIs, for research porpoises. Agenda - Fulham Shore (LON:FUL) - an encouraging trading update from this restaurant chain, with trade close to pre-pandemic levels despite space restrictions. Is the valuation up with events, though? Watkin Jones (LON:WJG) (I hold) I''m sorry to see the founding family selling down again, a substantial amount (20.58m shares) at a discount, sold at 210p, 8% of the company. That messes up the upside case for me, so might have to top slice my own position. They cannot talk up the price, whilst selling, sorry call me old fashioned. Peel Hunt seem to be losing their touch. A poor price achieved here, and my city sources tell me that PH weren''t really interested in the Revolution Bars (LON:RBG) (I hold) placing recently. Time to bring in more enthusiastic brokers maybe?
Small Cap Value Report (Fri 28 May 2021) - WJG, FUL
Good morning. Thanks to Roland for all his support this week, keeping me sane. what a star! I''m so lucky to have such smashing support here. Timing - I have to be finished by noon, in order to meet a SCVR reader for lunch at TGIs, for research porpoises. Agenda - Fulham Shore (LON:FUL) - an encouraging trading update from this restaurant chain, with trade close to pre-pandemic levels despite space restrictions. Is the valuation up with events, though? Watkin Jones (LON:WJG) (I hold) I''m sorry to see the founding family selling down again, a substantial amount (20.58m shares) at a discount, sold at 210p, 8% of the company. That messes up the upside case for me, so might have to top slice my own position. They cannot talk up the price, whilst selling, sorry call me old fashioned. Peel Hunt seem to be losing their touch. A poor price achieved here, and my city sources tell me that PH weren''t really interested in the Revolution Bars (LON:RBG) (I hold) placing recently. Time to bring in more enthusiastic brokers maybe?