N50 website

40 days ago

Elementis – Talc business sale and share buyback, a winning share tip with further to go

Elementis (ELM) has announced it has commenced a share buyback programme after now completing the sale of its Talc business for an enterprise value of $121 million. What’s the outlook now from a 142.8p share price, £845.8 million market capitalisation?
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44 days ago

Always listen to Mr Bond! – this duo could be zeros

The price of any financial asset is set by the marginal buyer or seller. For companies capitalised at less than a few hundred million that almost certainly means private investors who are, shall we say, folks who cover a spectrum of intelligence. The bond markets are inhabited by far smarter fellows.
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45 days ago

Amaroq Minerals – “strategic services” heads of terms agreement, a winning share tip Buy at 91p with a target of at least 150p

Amaroq Minerals (AMRQ) has announced a “heads of terms” agreement with construction industry-expert family office JLE Group on a special purpose vehicle for support services and supplies to the Greenland resources sector, including for JLE to invest £4 million for a 10% shareholding in the special purpose vehicle and an option to proportionally increase that up to £12 million.
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55 days ago

H&T Group – recommended bid means a now 62.5% less than one year offer to bid price profit

We recommended shares in the UK’s largest pawnbroking and jewellery and watches retailing group H&T (HAT) again at a 395p offer price just under a year ago, considering that they then again appealed on a valuation and income basis. We most recently reiterated that view in March this year with the shares then still below 400p… and now a recommended offer at 650p per share from Nasdaq-listed FirstCash. So with the shares now at 642p to sell, what to do?

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58 days ago

Victrex – interims, recovery and 7%+ income Buy

‘High performance polymers’ company Victrex (VCT) has announced results for its half-year ended 31st March 2025 and that, amidst macroeconomic uncertainty, it is looking to be “driving some PBT growth in constant currency on a full year basis”. How does that compare to the valuation at a 813p share price?
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59 days ago

Morgan Advanced Materials – trading “as expected” suggests still an income and recovery Buy

Manufacturer of carbon and ceramic materials for “complex and technologically demanding applications”, Morgan Advanced Materials (MGAM) has issued an “AGM Trading Update” concluding that its “decentralised organisation, cost management and strong balance sheet will provide us with the flexibility to navigate through this difficult period and deliver earnings growth with improving demand”. How is that relative to a 204p share price, £572 million market capitalisation?
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72 days ago

Elementis – “First quarter trading update”, a catalysts ahead Buy

Specialty chemicals company Elementis (ELM) has issued a “First quarter trading update” headlined “Profit growth with margin improvement in line with expectations; CMD objectives on track”. So how good is this news from a just above 125p share price?

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73 days ago

Urban Logistics REIT – “possible offer” means another winner on which to bank gains

We recommended shares in Urban Logistics REIT (SHED), describing itself as “the only London-listed REIT to focus on specialist last mile/last touch logistics assets”, just in March at a 115.6p offer price, concluding that with an “above 25% discount to the noted net tangible assets and a now-improving interest rate environment and a favourable demand/supply mismatch for the type of space the company specialises in, we see 20%+ share price upside here and that dividend whilst waiting. Therefore, at up to 117.5p, a value and income Buy”. What about now a “possible offer” that “it would be minded to recommend” and the shares up to comfortably above 140p to sell?

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75 days ago

A nil brainer short thanks to a rare chance when a company tells you that its shares are 75% too high!

For shorters, this is a nil brainer. Rarely does a company explicitly tell you that its shares are 75% overvalued but that is exactly what has happened here.

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79 days ago

Hilton Food – full-year results and “2025 trading has started well”, income value Buy

‘Meat, seafood, plant-based foods and pre-prepared meals’ food producer Hilton Food Group (HFG) has announced its results for the year ended 29th December 2024 and that “2025 trading has started well”. What upside does that suggest from an 864p share price?

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98 days ago

Capital Limited – “major mining services contract”, a recovery Buy

On end of last month-announced 2024 results from mining services company Capital Limited (CAPD) and with the shares around 60p, we concluded there was, post-the-current-year, profit recovery potential to significantly above 2024’s. There’s now announced a “material” mining services contract for what is stated as being “set to be the next truly major copper operation in the world”.
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107 days ago

Bloomsbury Publishing – trading update suggests a current value opportunity Buy

In a presently clearly highly challenging macro environment, “ahead of consensus expectations… strong performance” trading is noteworthy and with such trading recently announced by this company with a strong longer-term track record also and its shares having fallen in the last month to levels of, not before then, early last summer, we suggest there currently a value opportunity here.
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119 days ago

Bakkavor – already a winning share tip, now “Possible Offer” news takes the gain to 29% in just five weeks

On 7th February this year we wrote that shares in international provider of fresh prepared food Bakkavor (BAKK) were a growth and income Buy at a 139.5p offer price and up to 145p, concluding that a share price return to 175p+ looked quite possible and there also a, growing, likely 5.5%+ dividend yield. The shares had already responded up to a recent close 151p but it’s now clear we’re not the only ones to see further value here...
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120 days ago

Hunting – 2024 results and acquisition, value growth Buy

‘Precision engineering’ company Hunting (HTG) has followed its results for the 2024 calendar year with an acquisition and the shares are currently around 290p in response. This is the wrong share price.
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122 days ago

Coats Group – 2024 results, a value Buy?

‘The world's leading industrial thread and footwear components manufacturer’, Coats Group (COA) has announced its results for its year ended 31st December 2024 and states that it anticipates another year of financial and strategic progress in 2025.
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124 days ago

Vesuvius – 2024 results, remains a recovery and income Buy

Molten metal flow engineering and technology company Vesuvius (VSVS) has announced its results for the 2024 calendar year and that it currently anticipates its 2025 trading profit will be at a broadly similar level to 2024 on a constant currency basis and with cashflow significantly ahead of 2024, benefitting from a working capital focus and a more normalised level of capex. Is that discounted in an around 400p share price?
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126 days ago

Elementis – 2024 results suggest further upside ahead from this winning share tip

Specialty chemicals company Elementis (ELM) has announced its results for the 2024 calendar year including that “in recognition of our strong balance sheet and the positive outlook for the business, the board will evaluate a range of options for additional shareholder returns”. We are well ahead on this tip but, at a 154p share price, are the shares still cheap?
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130 days ago

Johnson Service Group – 2024 results strong progress and looks further progress ahead, Buy

Textiles rental and related services business Johnson Service Group (JSG) has announced its results for the 2024 calendar year and emphasises “well placed for continued progress and margin improvement in FY25… further share buyback programme”. How good is this news then from a 142.5p share price?
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142 days ago

Sylvania Platinum – interims show progress, recovery growth Buy

Sylvania Platinum (SLP) has announced its results for its half-year ended 31st December 2024 and that it “continues to fund capital expansion projects and process optimisation projects from cash reserves and aims to support growth initiatives in order to unlock value for shareholders”. How positive is this from a 46.4p share price?
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143 days ago

OptiBiotix Health – first USA partner launch, Morepen excitement to follow! Strong Buy

OptiBiotix Health (OPTI) has issued a “Launch of Daily Nouri FeelFull product in America”-titled announcement. What is the significance of this from an up to 16p share price, £15.7 million market capitalisation, in response?
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172 days ago

Amaroq Minerals – new licence awarded, surely non-gold assets now bulked up enough for spin off? Still a winning share tip Buy

Amaroq Minerals (AMRQ) has announced that its 50% owned Gardaq JV which focusses on non-gold targets, mainly copper and rare earths, in Greenland has been awarded another license: the Johan Dahl Land licence (MEL 2025-17), expanding its interest in the South Greenland copper belt.
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179 days ago

B.P. Marsh & Partners – has been an excellent winner for us, but...

Investment company in early stage financial services businesses B.P. Marsh & Partners (BPM) has been an excellent winner since being added to the portfolio at a 268p offer price in February 2020 and we noted on its latest half-year results in October fully diluted net asset value per share up to 658.5p and that its track-record suggested further upside.
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