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.

Week Ahead

  • 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.
Last Week
Date Company Event I week Price change
06-Sep Randall & Quilter H1 Results 6.60%
  Ashmore H1 Results 1.50%
05-Sep Morses Club Trading Update -1.50%
  Curtis Banks H1 Results 3.70%
04-Sep Alpha FX H1 Results 13.90%
  Miton Merger 24.10%
  Premier Merger -1.90%
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.
 
Date Company Event
     
10-Sep Litigation Capital Mgmt FY Results  
   
  Nucleus H1 Results  
   
  Sanne H1 Results  
   
  SimplyBiz H1 Results  
   
  Urban Exposure H1 Results  
   
12-Sep WH Ireland AGM  
   
  XPS Pensions AGM  
   
  Brooks Macdonlad FY Results  
       

jeremy@charltonillingworth.co.uk