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James @1james1n1.bsky.social · 1d

a man says this is an impressive result in a video

ALT: a man says this is an impressive result in a video

media.tenor.com

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James @1james1n1.bsky.social · 2d

#HAS.L - Q1 update

➡️Net fees continue to fall over all categories in Q1, with total net fees down 8%.
➡️Markets remain uncertain & challenging conditions are "likely to persist through FY26".
➡️Headcount about right for market conditions & will continue to cut costs.

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James @1james1n1.bsky.social · 2d

#VP.L - TU

➡️Overall, "continues to anticipate performance for FY26 being in line with market expectations" albeit with a modest 2H weighting.
➡️Guidance does include recovery/ improvement in Rail & Water. Expect increased activity levels.
➡️1H saw strong performance in Germany.

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James @1james1n1.bsky.social · 3d

#FAN.L - Finals

✅Rev up 20.6%, adj PBT up 18.7%, divi up 20%.
➡️Growth a mix of organic of 5.7% & inorganic of 16.2%.
➡️Claim they are ourperforming end markets.
➡️Hefty adjustments.
✅Outlook: "we remain confident of continuing to deliver compounding growth and another year of good progress"

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James @1james1n1.bsky.social · 3d

#TET.L - FY TU

➡️Rev of £130.6m at bottom end of revised range & adj PBT of £10.0m in middle of downgraded range.
➡️Has continued to see headwinds previously noted. Focussed on "commercial execution" & cost control.
➡️Net debt of £5.9m after £5.0m of buyback spend.
➡️Lowball t/o offer on table.

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James @1james1n1.bsky.social · 4d

#GNC.L - TU

✅"the Group now anticipates FY25 Adj Op Profit will be approximately £125m, above previous guidance [of £118-121m]".
✅Q4 profit conversion ahead of expectations. Strong volume momentum + cost management + OpEx focus.
✅Continues product innovation initiatives - 130 new products in Q4.

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James @1james1n1.bsky.social · 4d

#NET.L

➡️Rev up 23%, adj PBT up 8%, divi up 6%
➡️Net cash down 22% due to acquisition payments.
➡️Outlook: "a record pipeline and a contracted revenue order book of £79m".
➡️Questionable adjustments to profits.

On a P/E of 29 & PEG of 2.2. Adjusted PBT growth of 8% makes it hard to see the attraction.

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James @1james1n1.bsky.social · 4d

#BMY.L

Disney acquires rights to "Impossible Creatures" books by Bloomsbury printed author.

Agreement to adapt first two books into screenplays.

Suspect no early impact, but should sustain book sales akin to effect of Harry Potter film series.

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James @1james1n1.bsky.social · 4d

#FSG.L - 1H TU

➡️BS Earnings in line with FY26 consensus estimates.
➡️AuM & FuM up 3% & 1% respectively.
➡️Continues to attract inflows to higher margin retail vehicles.
➡️On track to double BS Earnings in 5 years to FY29.

Looks ok overall, but reads a little cautious imo.

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James @1james1n1.bsky.social · 5d

#VIC.L - FY TU

Class of 2021 IPO (so SP has since crashed) updates:

➡️Rev up 5%, order volumes up 6%, adj* PBT "in line with the top end of market expectations".
➡️MFI soft launch "has been very encouraging to date"
➡️Cash conversion "strong", but no numbers provided.

*Note: #VIC.L loves adjustments

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James @1james1n1.bsky.social · 5d

#SAL.L - TU

A micro-cap, but some savvy investors have done well here in the past 18 months.

➡️Trading in line for FY25
✅Points to combined Rev growth for FY26 of 6%, borrowing costs down & PBT up 50%.

Quite some progress!

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James @1james1n1.bsky.social · 5d

#GHH.L - FY TU

➡️"the Board expects to announce FY revenues & adj PBT broadly in line with its expectations" but higher adjustments.
➡️2H saw "continual challenges"
➡️Acquisitions on track
➡️Net debt of £30.8m ok
➡️Outlook: Order book up, underpins FY26. Confident in medium term prospects.

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James @1james1n1.bsky.social · 5d

I look forward to hearing Richard's feedback. I used the word "derisory" in my RNS comments in a nod to the #RKW TU RNS from last Thursday...