#OMG.L - Finals ➡️Rev up 8%, adj EBIT up 29%, PBT down 80%, cash down 26%. ➡️Finance income doing less of the heavy lifting as cash reduces following buyback. ➡️S&M costs up 18% perhaps need explaining better than it has been. ➡️Outlook: "a solid start to FY26, trading in line with expectations"

#AHT.L - Interims ➡️Rev up 1%, PBT down 10%, divi up 4%. ➡️"reaffirming our guidance for rental revenue, capex & free cash flow for the year", but forgets to mention profits. ➡️New buyback of $1.5bn upon NYSE re-listing. ➡️"we expect a number of years of strong earnings & free cash flow generation"

#DIAL.L - Finals ➡️Rev flat, PBT up to £1.3m, divi unchanged, cash down. ➡️Outlook: Last year it said, "Entered FY25 with a strong pipeline of leads, giving confidence for FY25" and this year it says almost the same! 👇 ➡️Cash melting away.

#VLG.L - Sale of sub-brands Sells "non-core" sub, sub-brands, to enable it to better focus on its core sub-brands. Will receive £4.5m cash.

#THRU.L - Potential Contract Award Coming on the back of poor Interims, this looks a desperate attempt to prove that it can win contracts. ➡️I'll let "leading provider" go on this occasion... ➡️A "notice of Intent to Award" sounds good, but leaves the door open for disappointment.

#HERC.L - Contract wins ✅Contract wins amounting to £6.2m for delivery in 1H FY26. ✅Contracts are additional to wins of £6.5m recently announced. ✅More contract wins anticipated in water industry.

#MER.L - TU Summing up their inner GAW to deliver a succinct but encouraging update: ✅Trading strongly in 2H to date. ✅PBT to be "at the top end of market guidance" [Market guidance in Interims was very vague requiring a series of computations to derive the range referred to]

#SYME.L - AGM Result The company responds to 4 votes not passed. 🗳️ 2: Rejected. #SYME response: Vote is advisory, so we don't give a fuck. 🗳️ 5: Rejected. #SYME response: We disagree & will appoint who we fucking want to the board. 🗳️ 8 & 9: Rejected. #SYME response: Fair cop.

#IOF.L - New Plant ➡️Announces agreement to build its largest producing plant yet. ➡️Will cost $8-9m & be operational in 2H 2026. ➡️Will be able to process twice the capacity of existing plants. Where are the shareholder returns from all this busyness?

#HLMA.L - Acquisition Looks a very rich acquistion today by Halma. ➡️Buys E2S Group Ltd for £230m, noting FY25 Rev is expected to be c£44m. ➡️Purchase is on a Price/Sales multiple of 5.2x vs Halma's current valuation on 6.1x. ➡️Cash purchase funded from existng facilities.

#FUTR.L - Finals ➡️Rev down 6%, PBT down 11%. ➡️Exceptionals of £17.5m. ✅Implements a 5-fold increase to the divi & announces a new £30m buyback. 🤡Laughably declares a "strong balance sheet" with £276.4m of net debt & 1.3x leverage. ⚠️2H weighting for FY26 & guides for modest growth.

#ASAI.L - TU ✅"profit for 2025 will significantly exceed the current company compiled consensus for FY25 of USD 48.3m". ✅Momentum has continued from the 1H & strong client demand & loan protfolio growth has continued.

#VIC.L - Finals ➡️Rev up 5%, adj PBT down 6%, divi up 34%. ➡️PBT impacted by interest costs on 20-year distribution centre lease. ➡️Less adjustments than previously. ➡️Notes a "positive start" to the new FY. ➡️Confident of future, notwithstanding current macro-economic challenges.

#G4M.L - TU ✅"the continued strength of trading provides the Board with sufficient confidence to again raise its expectations" ✅BS Earnings now expected to be £16.7m+ ✅Strong sales momentum over Black Friday weekend. ✅Follows recent upgrades trend after large downgrade in March.

#MONY.L - FY TU ➡️All on track for FY25 as "expectations for the FY remain unchanged." ➡️Lacking clarity, there has been "growth in revenue and adjusted [BS Earnings] over the period" ➡️Money & Energy ⬆️, Insurance ⬇️. ➡️Members club mitigating AI threat. ➡️Expects easing headwinds in FY26.

#IGR.L - Interims ➡️Rev down 13.2%, PBT down 54%, cash down to $1.9m. ➡️Reaffirms FY guidance & notes good order book visibility. ➡️Shareholders are no doubt looking forward to "a defined pathway to further improvement in profitability and long-term value creation".

#MBH.L - TU 🚨A moderate warning today after previously saying FY25 will be "broadly in line with FY24. 🚨Now, FY25 Rev to be £69m & adj BS Earnings to be £12.5m. ➡️Talks about a "notable slowdown" in Q4. Blames macro-economic & budget uncertainty. ➡️Positive order intake. ➡️Improved 2H profits.

#FSG.L - Interims ➡️Rev up 11%, BS Earnings up 6%, divi up 9%. ❌ #FSG.L cannot be bothered to release the full Interims via RNS and cannot be bothered to upload to website on a timely basis. ➡️Outlook: waffle about a regional PE strategy fund launch & partial asset exit at a premium.

#WYN.L - TU 🤷Achieves a "modestly ahead of current market expectations" which it attributes to the "tangible benefits of Project Genesis" while excluding the "non-recurring" costs of £5.4-£5.9m on the project which have contributed to the outperformance. You could not make it up!

#TRX.L - Update re "Funding Plans" ➡️Seeking to clarify funding needs. ➡️Has received an emergency overdraft of $500k to make November payroll & "remain solvent" ➡️Working on short & medium term financing. Remains suspended. 😳 Update due later in week.

#VRS - Game over Appointing administrators. My favourite singer can now take centre stage and give full voice to her range as she breaks into song.

#PEB.L - Change of Chair & TU Nice brief TU in amongst the announcement of a change of Chair. ➡️Continued trading momentum since Aug Interims. ➡️Reiterated confidence in delivering against FY expectations & achieving net cash in FY26. I'll take that so close to YE ✅.

#KNOS.L - Nice pattern 🥣 on the chart... 👇

I did watch something Christmassy yesterday… 37 years ago, Sergeant Al Powell helped save dozens of lives after being sent to investigate a prank call at Nakatomi Plaza. I was pleased to honour his quick thinking and bravery by watching the celebrated documentary, Die Hard, yesterday evening.

Heading into December with a line-up slightly changed with #MONY.L out and #VP.L & #ZTF.L in as replacements. Over the past month, have seen a 1.5% decline in portfolio value to up 12.0% YTD after a couple of unwelcome pw's Would like a Santa rally to round the year out to a reasonable result 🎅.

#ESYS.L - TU & Offer 🚨Warns that "management anticipates FY26 results to be materially below their expectations" 🚨Q1 Rev of £4.1m looks low & "elongated sales cycles and slower than anticipated adoption rates" noted. 🚨Loss of major customer. 💰Cash offer at 20p from largest holder.

#IOM.L - Interims ➡️Rev up 25%, LBT of £6.5m, net debt climbs to £109.6m. ➡️2H weighting and relies upon "an improved performance in the 2H of the FY" in order to deliver a result "within the range of current market expectations". I see nothing here to persude me that this is a good investment.

#KETL.L - TU ➡️6 month Rev of 64.6M & net debt of £70.3m. ❌No mention of any profit figures whatsoever. ➡️A marked slowdown in Controls division in Q2. Billi trading strongly. ➡️Debt reduction plan targets 1.5x leverage. ➡️CEO leaves by "mutual agreement" & is thanked ⚠️Trading broadly in line.

#VRS.L - Sale Process Update An ignominious end as a potential acquirer backs away leaving the company with few options. As it says, "this may include appointing administrators to the Company". My favourite singer is awaiting her call to the stage...

#DATA.L - Share buyback ➡️Buyback of £10m now underway. ➡️While buyback is relatively small relative to market cap, I would be nervous about concentrating more voting wights with the CEO, who already owns 59.24% of the company...

#SPSY.L - Contract win With shares hitting a multi-year low, this contract is good news at an opportune time. ➡️$6.7M for maintenance of sensors over 5 years from 2026. ➡️Links to contract for production of the sensors announced a year ago.

#SSTY.L - Sale & Leaseback Sale & leaseback of Brighton property for £3.125m. Proceeds to be used to "repay indebtedness, provide working capital and strengthen the Group's balance sheet, supporting the delivery of its long-term growth ambitions" Sign of distress? 🤔

#THRU.L - Interims 🚨 🚨Warns that "current market expectations for the full year are unlikely to be achieved". 🚨Revenue revised down to £5-7m. No mention of profits, but unlikely to be good. 🚨Going Concern notes some heroic assumptions for company to avoid needing more cash.

#GBG.L - Interims ➡️Rev down 1%, PBT down 26.8%, leverage up to 1.0x. ➡️Outlook: reiterating guidance in line with market expectations, but this relies on "a 2H growth acceleration" or in other words a 2H weighting. ➡️Indebted company increasing buy-backs today with an additional £10m.

#CER.L - Finals ➡️Rev up 4%, PBT up 10%, divi up 17%, cash up 15%. ➡️"we enter the new FY with a record back-order book and exciting prospects in the new business pipeline". Lots to like here, but with a very high P/E and slower profit growth, a PEG of 2.7 looks challenging... 🤔

#TTG.L - Warns 🚨 🚨Warns for 2026 and warns that it may yet warn for 2025. 🚨"achieving this outcome for 2025 requires a significant step up in November and December performance" - nothing can go wrong to deliver it. 🚨Guides 2026 to be in line with 2025.

#SAA.L - Profit warning 🚨 🚨Warns US Govt shutdown has "materially impact our prior growth and profitability expectations". Impact not recoverable in CY. 🚨Rev to be down 7% & op profit now £26-28m. ❌Does not state expectations for op profit which seemt to have been £35.2m.

#WCW.L - Cash Offer ➡️Offer from PhillipsCapital at 14p, an 86.67% premium on Friday closing price, and takes SP back to July 2025 levels... Apparently PhillipsCapital has a "great admiration for the Walker Crips business, people and brand heritage", but perhaps not the SP performance... 🤔

#SNX.L - Contract Extension ➡️5-year extension of framework agreement with Stagecoach. Good to see a long-standing agreement is renewed but shame there is no update on May's announcement of "Ocular's new On-Board Hub solution" agreement with Stagecoach as part of this extension...

#PAY.L - Director Buy CEO puts his hand in his pocket and buys £134.5k of shares, which looks a reasonable sum. I view yesterday's SP fall as significantly overdone, so suspect buys later in the day yesterday may well prove to be canny purchases...

#CAR.L - Interims ➡️Overall: "The Board's expectations for the full year performance remain unchanged" ➡️Positive momentum to continue with Rev progress, margins up & cash generation. ➡️Debt progress hampered in 1H by £5.1m pension contribution. ➡️Turnaround continues...

#ASC.L - Finals ➡️Rev down 15%, LBT of 282m, Net debt reduced £112.4m. ➡️Customer numbers down, retention of more profitable customers. ➡️A laundry list of £202.5m of adjusting items with an Atlanta facility being vacated the largest. ➡️Outlook: See growth in revenue, margins & BS Earnings.

#TTG - DBAY increase position Interesting to note that DBAY now hold 24.35% of shares, enough to stop the current takeover. Alistair Osborne in The Times today picks through 3 potential outcomes in an interesting article. www.thetimes.com/business/com...

#PAY.L - Interims ➡️Rev up 6.7%, adj PBT down 4.5%, debt down 3.2%. ➡️FY BS Earnings are "broadly in line" ➡️Will take longer to hit target of £100m of BS Earnings. ➡️2 issues; disruption to parcels network from InPost & Yodel combination & contract. Pace fo growth slower in obconnect.

#DOCS.L - Interims ➡️Rev down 0.8%, 1H losses reduced, high debt falling. ➡️Trading in line with expectations with PBT of £53-60m excluding tariffs (a "high single digit £m amount, with c half to be offset). ➡️Should fully offset tariffs by FY27 via cost control, sourcing & price.

#PZC.L - TU Here is something you do not see every day - a profit upgrade from #PZC.L, so worth noting where you are today as news lands! ✅1H LFL Rev up 9%, with Africa up 25%. ✅"the Group is today increasing its guidance for FY26" ➡️1H weighting as marketing spend up in 2H.

#MCB.L - AGM TU & Buyback ➡️CY trading in line with expectations. ➡️Market cap undervalues #MCB.L & the SP is "presenting a compelling opportunity to create substantial shareholder value through capital returns" Buyback launched & te be expanded despite lots of debt.

#GAW.L - TU & Divi ✅1H Rev to be £310m+, up 15.1%+ ➡️Licensing Rev down 49% to £16m ➡️PBT to be £135m+, up 6.5%+ ➡️Another £1 of divi income declared , just as the most recent divi lands tomorrow.

#CRL.L - Interims ➡️Flat Rev - Private Label up, but Contract Management sees a major customer delay. ➡️Margins up 70bps - sales mix ➡️PBT down 11.1% - living wage & NIC ➡️Net cash up 86% - Strong WC management ➡️"Revenue momentum expected to increase" (starting from a low base!)

#TIDE.L - Interims Nuclear submarine business seems to be treading water after much unpheaval in recent periods. ➡️Rev flat, prior period losses turned into small profits due to overheads reduced substantially. ➡️"the current FY will reflect our re-establishing the foundations for growth"