Inept Trader

Long term UK shares: micro, small and mid cap. I make a terrible trader, but might just scrape through as a passable investor.

[Inept Trader @inepttrader]

Reading the minis a story and have determined that Daddy Pig's office is in severe financial trouble.

[Aston Girl @reb40]

#SHOE most definitely my favourite expression “Company has achieved an exceptional month of sales. Trading has significantly exceeded management expectations due to continued strong demand”

It’s a shoe in for £13.5m profit pre tax now 👞👟😁

Happy holder https://t.co/wPDruOM1OD

[Inept Trader @inepttrader]

#KETL FY - Not brilliant, Profit (after tax) down 18%. Going to focus on reducing debt. But total div for the year of 6p against a share price of 90p; cash flow +ve business that kept it's market share, IMO selloff seems a tad overdone. I hold
https://t.co/nlTFnhygEU

[Inept Trader @inepttrader]

@RebelHQ Yep, learnt this lesson several years ago when a Lloyds full year statement came out. After half an hour of reading I still hadn't the foggiest how they actually made their money! I sold that day and haven't bought a bank share since.

[Inept Trader @inepttrader]

#SPR Interims - Rev up 85% but margins and PBT down, and no interim dividend. Div call seems prudent but may well hurt the stock as it's seen as an income stock, alongside that it didn't seem to stop £0.5m in share-based payments during the period. I hold.
https://t.co/PY9J21ysqQ

[Inept Trader @inepttrader]

@InvestedGeordie Hope you had a good evening. Your sand pit does look terrified that it might be next on the BBQ...

[Inept Trader @inepttrader]

#BLV TU - 22 rev up 13% and PBT "slightly ahead of managements' expectations". However expects 23 to be more muted. So good news bad news RNS. I hold.
https://t.co/vyeF2A41Ns

[Inept Trader @inepttrader]

@1James1n1 The downside is though rev at a lower margin. Pricing power weakness? Though I might just be a bitter ex-holder! The mill coming online in the future might be a bit of a changer though IMO.

[Inept Trader @inepttrader]

Ah, once again proving that my 'fund that does the opposite of what I do' could do quite well - an ex-holding of mine that I sold as obviously the energy crisis was going to -ve-ly affect... continues going from strength to strength. Congrats to all holders.

[Aston Girl @reb40]

#ZTF FY reads well with ahead of expectations revenue & profits pre tax 👍
“Whilst the shorter-term macroeconomic climate remains uncertain..believe Zotefoams has a strong portfolio of opportunities, a clear strategy and is well positioned to deliver further growth”

I don’t hold

[Inept Trader @inepttrader]

#MERC - Sale of Intechnica investment, for £3.7m in direct investment, 1.7x reported valuation, I recon ~1% mk cap of profit from sale, underlining my belief (very IMO!) that Mercia do value quite conservatively. I hold.
https://t.co/Uwmn6MggAT

[Inept Trader @inepttrader]

@TheSecretAcct Oh no. I already thought that. Therefore I need to push against that. Which means I should accept it. Which means I should push against...

[Inept Trader @inepttrader]

One for my more technical followers (though any retweets for reach greatly appreciated): does anyone know of an API for RNS data? Primarily for today's announcements (<1 hour delay fine), but historical a bonus. Either free or low, per query, costing? LSEG don't seem to have one.

[The Secret Accountant @TheSecretAcct]

Great idea. Greggs stores are selling these ‘poker’ chips for £2 each, to be given to the homeless over the winter season. They entitle the person who returns them to ANY Gregg’s store nationwide to a free hot drink and hot meal. 👏 @GreggsOfficial

[Inept Trader @inepttrader]

@1James1n1 Snap on the CalYTD; very glad to start at 0% again on the 1st. Will be cheering you on in 2023.

[Inept Trader @inepttrader]

@trainee_trader1 Well on Jan 1st I'll already be doing 28% better YTD than this year just gone and so will be off to a great start 😄

[Inept Trader @inepttrader]

Not been looking forward to this tweet: ISA 2023 performance: -28%. An absolute stinker of a year for me, nearly 30% lower than the FTSEAll TR; I sold what I should have kept, kept what I should have sold. Several years' gains wiped out. SIPP did better, about tracking FTSEALL TR

[Inept Trader @inepttrader]

@MarkRadcliffe44 But why can I never just learn from the good times?!? That would be nice.

But as with life in general, it's true; it's the hard times that forge us.

[Inept Trader @inepttrader]

@TheSecretAcct Thanks. And yep - I sell ZTF on power cost increase, and they knock it out of the park. But held on to ACRL and their new mill all the way down. I've thought about writing down what I'm going to do and doing the opposite, it might be a valid strategy!

[Inept Trader @inepttrader]

@Woodywudpeck Thanks Sue, to be honest I thought about chucking it in at points during the year and just using a tracker. I think sharing is important though as I'm sure there are others like us in the same boat of being glad to see the back of a torrid year on the markets!

[Inept Trader @inepttrader]

#SPR - Profit Warning - The scottish housebuilding company reports that profit looks to be hit in the medium term. I like the management here though, they are flagging up early and clearly. -13% at the open, all IMO and I hold.
https://t.co/FfeWqrkuXm

[Inept Trader @inepttrader]

@barnaberible @1James1n1 That's a fair point. Playing devil's advocate to myself - it could also be a good 'reason' to hide behind and downgrade forecasts. As with all things investing - time will tell!

[Inept Trader @inepttrader]

Not showing previous guidance in the RNS is bad form, but slightly surprised at the opening reaction to this, down ~25%. Have picked up one or two more for my SIPP at 96p, but as always DYOR.

[James @1James1n1]

#KETL - Profit warning as adj PBT is downgraded from £27m-£29m at time of Interims to c£23m today.

Reason is given as Chinese lockdowns adversely impacting two major customers. Rather surprisingly that kettle controls are so economically fragile.

Market share maintained.