It has been useful to take a couple of weeks out. Holiday reading included “The thieves of Threadneedle Street” where a rather exciting forgery scam centred on the printers in Paternoster Row. Some things change in the city. There are no printers there now. This morning Rosenblatt launches a new White Collar Fraud & Financial Crime division, while the market leader in 1873 was Pinkerton’s.
- Last week results were largely positive with Miton and Alpha FX being the stand out performers. Both of these shares had previously fallen over the last 6 months as the small cap market has adopted the default “gloomy view”. With continuing low rates, a dysfunctional parliament and value in equities at the moment I find myself suspecting that value stocks could outperform again.
|Date||Company||Event||I week Price change|
|06-Sep||Randall & Quilter||H1 Results||6.60%|
|05-Sep||Morses Club||Trading Update||-1.50%|
|Curtis Banks||H1 Results||3.70%|
|04-Sep||Alpha FX||H1 Results||13.90%|
|03-Sep||Mattioli Woods||FY Results||-2.70%|
|Frenkel Topping||H1 Results||-3.10%|
- This week I am expecting the following. I have pointed out my anticipation of results. In the case of Sanne and XPS Pensions a sofa is necessary. The Sunday Times tells us to expect the take over of Smith & Williamson by Tilney this week.
|10-Sep||Litigation Capital Mgmt||FY Results|
|Urban Exposure||H1 Results|
|Brooks Macdonlad||FY Results|