Company News

Dunelm Results and Pay at Safestore

The views expressed in this article are those of its author and not necessarily those of ShareSoc. Dunelm (DNLM) published their preliminary results this morning (14/9/2022) – I no longer hold them. They were surprisingly good bearing in mind they are a homeware retailer – sales up 16% and EPS up 30%. Clearly the anticipated vulnerability to rising inflation and consumers being hit by a recession has not yet come to pass although forecasts for next year are lower. They say trading in ...

Comments on Possible Offer for GB Group

The views expressed in this article are those of its author and not necessarily those of ShareSoc. Announcements late yesterday and this morning (7th September 2022) indicate that GB Group (GBG) may receive a cash offer for the business from private equity firm GTCR. I have held these shares since 2011 – first purchased at 42p, closed last night at 522p. It’s one of my larger holdings and needless to say I have been very happy with my investment as it has ...

Energy Caps, Verici DX, Equals and Paypoint

The views expressed in this article are those of its author and not necessarily those of ShareSoc. PM Truss's proposal is a cap on prices, not on overall cost so people with big houses with large gas consumption will still pay more. Fracking is also being permitted to boost local gas production. Truss did not give in to calls for this largess to be funded through a windfall tax. She said this would undermine the national interest by discouraging the very investment we ...

BHP and Woodside Energy Announcements

The views expressed in this article are those of its author and not necessarily those of ShareSoc There were announcements this morning (30/8/2022) from BHP Group (BHP) and Woodside Energy (WDS). Many BHP shareholders will also hold Woodside following the merger of the BHP oil/gas operations into Woodside. I continue to hold both having decided that now was not the time to exit a major gas producer. Woodside announced half-year results and their Underlying Net Profit After Tax was up 414% on the ...

Treatt Profit Warning

The views expressed in this article are those of its author and not necessarily those of ShareSoc. It has been suggested by articles in Investors Chronicle that now might be the time to venture back into the small cap market after a big fall in the share prices of such companies in the last year (the FTSE-AIM index is down by 27%). But investors in Treatt (TET) might not agree. After a profit warning this morning (15th August 2022) the share price ...

Abcam to Delist from AIM and Victoria Webinar

The views expressed in this article are those of its author and don't necessarily reflect those of ShareSoc. Abcam Delisting from AIM Biotechnology company Abcam (ABC) is one of the largest AIM listed companies (market cap £2.7 billion). Yesterday (20/7/2022) they included in a trading update a statement that they are planning to cancel the admission of their shares on AIM. They previously moved to list their shares also on Nasdaq so they are currently dual-listed. This means they have already lost the ...

More about Skin In The Game – SEC Chair sells shares

This article reflects the personal view of Cliff Weight and does not necessarily coincide with ShareSoc Policy. Cliff Weight is a director of ShareSoc. Cliff owns shares in SEC. Nothing in this article should be viewed as advice. A chair selling into the market for no good reason on a day when the trust is buying back shares; not something you see every day. The RNS  does not explain why! What little alignment of interest there was with shareholders has been further ...

FTSE 100 Company holds AGM in Spain. IAG tone deaf?

This is the Personal View Point of Cliff Weight and does not necessarily reflect ShareSoc Policy. Cliff Weight is a director of ShareSoc. Cliff does not own shares in IAG. A good, well run AGM is a sign of a good company with a good culture. An AGM at an inconvenient time in an inconvenient location is a red flag. IAG's 2022 shareholders’ meeting will be held on Thursday 16 June 2022 at 12 noon (CEST).  The meeting will take place in Madrid at Edificio Mutua Madrileña, Paseo de ...

Trouble Brewing at Hargreave Hale AIM VCT?

The views expressed in this article are those of its author and not necessarily those of ShareSoc. I have been a shareholder in Hargreave Hale AIM VCT (HHV) for quite some time and have been happy with the tax free dividend stream they have sent me over the years. As usual, I recently received the AGM proxy form for the 3rd February AGM and was reviewing the annual report when something caught my attention. An investee company called Honest Brew (HB), which ...

Paul Myners Obituary and BHP Unification Meetings

The views expressed in this article are those of its author and not necessarily those of ShareSoc. Lord Myners has died at the age of 73. He had a big hand in the rescue of the banks in the financial crisis of 2008 as a Treasury Minister in the Labour Government after becoming the socialists’ favourite capitalist. He was also responsible for the Myners Report into institutional investment which had some influence on corporate governance and institutional stewardship in the UK. I met ...