Robin

I have been MD of Athelney Trust, a small cap investment trust, for 20 years. No tips, just thoughts on small companies and investment.

[Robin @RobinGBoyle]

This is my 741st Tweet and my last, since I have resigned as managing director of Athelney Trust after 24 years in charge. My plans for the smooth running of ATY were over-turned by the two non-executive directors. Not right. Good-bye.

[Robin @RobinGBoyle]

Great H1 results from S&U with revenue +23%, PBT +17%, EPS +17% DPS +14.3% and share price up 80p this morning. https://t.co/3i6eD4lXjU

[Robin @RobinGBoyle]

Full year profits at River & Mercantile were little changed but there was good news on the total dividend, including specials, of 18.6p, thus the yield is 5.8%. https://t.co/3i6eD4lXjU

[Robin @RobinGBoyle]

Yet another first-class H1 report from M&C Saatchi, with PBT +26%, EPS +9% and DPS +15%. H2 has started well. https://t.co/3i6eD4lXjU

[Robin @RobinGBoyle]

Trading statement from Begbies Traynor is in line. Financial position strong, says Company, so expect more acquisitions. https://t.co/3i6eD4lXjU

[Robin @RobinGBoyle]

Randall & Quilter increased PBT in H1 by 39% to £7.8m. Both Shore Capital and Numis like this share and predict an even better H2. Company announces largest acquisition to date. https://t.co/3i6eD4lXjU

[Robin @RobinGBoyle]

Shore Capital describes Chesnara as dull but reassuring, pointing out that the Company has generated enough cash in the first half to pay the full years' dividend. https://t.co/3i6eD4lXjU

[Robin @RobinGBoyle]

Vitec has acquired Rycote, a manufacturer of noise reduction equipment, which will be modestly earnings enhancing . Trading so far slightly ahead of expectations. Shares +50 at 1365. https://t.co/3i6eD4lXjU

[Robin @RobinGBoyle]

Radnor Capital Partners has produced a positive note on Communisis pointing out that GDPR was not the disaster that many had predicted. Forecast for 2019 is PBT £20.3m, EPS 7.7, PER 6.8 and yield a more than useful 5.6. athelney https://t.co/61NAn7pZE4

[Robin @RobinGBoyle]

Robust trading statement from Greene King with LfL sales up by 2.8% for last 18 weeks and 3.2% for last 10 weeks. GNK will dispose of 100-10 pubs and open 9. https://t.co/3i6eD4lXjU

[Robin @RobinGBoyle]

Shore Capital has published a positive note on Chesnara, whose H1 statement reads well. DPS +3%, cash generation £48.6m, solvency 157% 146%). Prospective yield 5.3%. https://t.co/3i6eD4lXjU

[Robin @RobinGBoyle]

Good H1 figures from James Fisher with rev +12%, underlying PBT +20%, EPS +18% and DPS +10%. Outlook positive. Pipeline of interesting acquisitions. Shares +1.7%. https://t.co/3i6eD4lXjU

[Robin @RobinGBoyle]

Capital & Regional has received approval for its 86,000 sq ft development at Walthamstow to include 500 new homes. Shares +2%. https://t.co/3i6eD4lXjU

[Robin @RobinGBoyle]

Air Partner says that underlying interim profits are in line with the Board's expectations and that the company retains a strong cash position. https://t.co/3i6eD4lXjU

[Robin @RobinGBoyle]

Bit of a mixed bag from Camellia: tea production +7%, avacado record shipments, strong progress in engineering, interim dividend +8.1% https://t.co/KnzDikKm5X

[Robin @RobinGBoyle]

A decent set of numbers from Costain: opp + 7.5%; PBT +17%; EPS +15.
2% and interim dividend +8.4%. Statement talks about 'good visibility.' https://t.co/3i6eD4lXjU

[Robin @RobinGBoyle]

Biffa has announced the acquisition of Weir Waste for £16.1m, about 7.3 times EBITDA plus three other smaller purchases. Expect more such deals. https://t.co/3i6eD4lXjU

[Robin @RobinGBoyle]

A new six-page note by Numis sets out the contrarian case for investing in community-orientated Capital & Regional. The 2020 forecast is for an NAV of 63, EPS of 4.8 and a dividend yield of 9% - the shares at 43.85 would stand at a discount of 25%. https://t.co/3i6eD4lXjU

[Robin @RobinGBoyle]

In a trading up-date, St Ives said that PBT would be at the upper end of forecasts due to the strength of the digital business. Sentiment in other areas was improving. https://t.co/3i6eD4lXjU

[Robin @RobinGBoyle]

Resilient HI results from Capital & Regional, with adj. PBT + 6.9%, EPS +4.4% and div. +5.2%. Great income stock. https://t.co/3i6eD4lXjU