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Nighthawk Energy (HAWK)
Published: 30/06/2009
Conflicting interests, lack of independent Directors, excessive levels of remuneration; read on .
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| Company | Summary | |
|---|---|---|
| Nighthawk Energy Published: 30/06/2009 |
Conflicting interests, lack of independent Directors, excessive levels of remuneration; read on . |
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| BAE SYSTEMS Published: 26/06/2009 |
Risks are in the pension fund and slowing growth, however both are well documented. Much more widely spread by both product and geography than of old. |
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| Straight Published: 26/06/2009 |
Shares in the recycling products and services group have had a good run since the beginning of 2009 reflecting the cash generative attributes of the business, its attractive dividend yield and strong market position. The AGM statement on 1st June confirmed that it was confident of meeting half year expectations with the strong trading performance in the fourth quarter of 2008 having continued into the start of 2009. |
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| Afren Published: 05/06/2009 |
Interest in Kosmos Energy’s Ghanaian oilfield assets could encourage greater interest in Afren with Afren’s Keta Block apparently a similar play to the Jubilee and Odum discoveries of Kosmos. |
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| Hunting Published: 22/04/2009 |
Trading in line but tough times ahead; the acquisition looks pricey but stripping out the cash Hunting shares appear decent value. |
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| Tanfield Published: 08/04/2009 |
The impairment was anticipated but given the materiality of this and other factors we were anticipating a little more detail in the preliminary announcement - the strange segmental breakdown with the bulk of net assets allocated to ‘Other’ is also surprising to us! |
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| MAN Group Published: 01/04/2009 |
The pre-close trading update for the financial year ending 31st March 2009 was actually quite promising, relative to what many appeared to be expecting anyway, and if there is a hedge fund business that will emerge stronger from the ordeal of the past few months MAN surely looks well placed to be that business. |
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| Sainsbury (J) Published: 31/03/2009 |
Fourth quarter trading statement was promising but more detail on margins is surely needed in order to gauge if they are really making progress – congratulations to Marks for addressing this last point in their statement! |
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| Cape Published: 20/03/2009 |
Preliminary results were surprisingly positive, cash is flowing, debt looks manageable and visibility is good for 2009. But there is no dividend and when can shareholders really hope to start reaping any real rewards - other than those that made 100% on the share price move this week! |
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| Weir Group Published: 19/03/2009 |
Positive results, cash flowing, gearing modest, pension liability under control and bank facilities in place to support growth - it remains inherently resilient and financially sound |
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| Aero Inventory Published: 18/03/2009 |
Focus will be on cash generation and the termination of contract negotiations with major airline is a positive in my book. With strong asset backing (albeit stock), a decent shareholder register, top up funds recently raised and debt likely to fall it looks worthy of further analysis - even the liquidity is reasonable fro AIM! |
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| Spirax-Sarco Engineering Published: 13/03/2009 |
Excellent results from another specialist engineer that is very resilient and financially sound, but perhaps a little conservative for some – we like conservative, especially with cash in the bank, a 4.5% yield and loads of growth to go for! |
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| Tikit Group Published: 12/03/2009 |
Margins up, strong cash generation and yielding over 5% but many remain concerned about weakness in key UK legal market |
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| Wynnstay Group Published: 10/03/2009 |
Strong balance sheet, good cash flow, a well covered dividend and modest gearing – from agricultural supplies and pets! |
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| IMI Published: 05/03/2009 |
A decent set of numbers for 2008 and even the dividend was maintained (c8% yield) but all eyes are on 2009 and the potential downturn in certain key markets |
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| Rotork Published: 04/03/2009 |
An outstanding performer over the past 6 years consistently growing earnings, cash and distributions to shareholders. The results didn’t disappoint this week and the outlook remains positive |
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| Hunting Published: 27/02/2009 |
Management appears to have delivered up to now – who would bet against them doing it again! |
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| All Leisure Published: 27/02/2009 |
The results weren’t bad, forward bookings are encouraging and the group remains awash with cash; it’s just a pity about the prior year accounting adjustments and reduced dividend! |
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| Albemarle & Bond Published: 24/02/2009 |
Decent results from Albemarle, but if you want exposure to the pawnbroking sector, and can invest outside AIM, seemingly much better value can be found in principal shareholder, Nasdaq quoted EZCORP |
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| Begbies Traynor Published: 20/02/2009 |
Obvious defensive attractions but clear need to diversify into other areas. Valuation looks up with events with better balanced peer TENON (AIM:TNO) the favourite of many |
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| The Indian Film Company Published: 20/02/2009 |
Former dissident shareholders have conveniently gained appointment to the board and are overseeing the stratetegic review. Have the lunatics now taken over the asylum? |
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| Advanced Medical Solutions Published: 18/02/2009 |
US FDA clearance for LiquiBand™ Topical Skin Adhesive is great news – clarification needed on prospective US market position relative to competing products, of which there appear to be many. |
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| Hargreaves Services Published: 18/02/2009 |
Encouraging interim results from this rapidly expanding and increasingly diverse group. You now get coal, coke, rubber recycling, bulk haulage, renewable energy, engineering and a canal barge fleet with this one! |
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| Tanfield Published: 13/02/2009 |
Investor interest surrounds Zero Emission Vehicles, with a huge Goodwill impairment already taken on Powered Access shouldn’t they try and off load this (whatever the price) and focus on Smith Electric Vehicle? |
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| Weir Group Published: 10/02/2009 |
Appears inherently resilient and, despite the higher debt compared with past years, also financially sound |
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| Pressure Technologies Published: 10/02/2009 |
Strong full year results, order book & cash position bodes well for 2009. |
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| City of London Investment Group Published: 06/02/2009 |
Expected fall in funds management but new institutional mandate is encouraging & dividend is safe, for now. |
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| Mattioli Woods Published: 06/02/2009 |
Positive results and defensive attributes. Valuation and peer group comparison is tough! |
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| Discover Leisure Published: 06/02/2009 |
It’s far from out of the woods but the AGM statement and a strong Euro brings hope to the caravan retailer. The doubt remains - a ten bagger or debt laden disaster? |
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| Somero Enterprises Published: 06/02/2009 |
A strong presence in its niche market, good cash generation, reduced debt and operating costs already materially cut – market cap is currently c65% of net assets excl Goodwill and those strange capitalised Customer relationships! |
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| Nationwide Accident Repair Services Published: 02/02/2009 |
The snowy conditions suggest that crash repair companies are worth assessing – especially if they come with a 6% yield and decent cash generation! |
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| FDM Group Published: 30/01/2009 |
Another one that’s cash rich and continues to deliver, without the need for costly acquisitions |
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| Eleco Published: 28/01/2009 |
The trading update appears to have caught many by surprise – should it have? The valuation is at rock bottom, financial position looks strong and product offering looks compelling. Worth a look? |
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| Kentz Corporation Published: 28/01/2009 |
Pre close trading statement – ahead of estimates and finally the shares get a boost. The sector classification in Construction & Materials appears questionable given the oil and gas exposure. |
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| James Halstead Published: 28/01/2009 |
It’s consistently delivered for so long that trading updates are always a tense affair – but why worry, JHD always delivers! |
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| Jetion Published: 22/01/2009 |
A positive trading update and shares currently trading at approx 78% of plant value alone, or 31% of net asset value (based on interims at 30th June 2008). Group has also reported a positive second half. |
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| Wey Bridging Published: 11/12/2008 |
An AIM float over the Chritsmas period - no, you aren’t seeing things! |
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| Zytronic Published: 05/12/2008 |
Compelling technology, excellent results (and cash flow), and a confident outlook from management - what more can one ask for! |
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| Geong Published: 03/12/2008 |
The order book might look good and further contract wins encouraging but cash outflow is now a major issue and it’s hard to gauge how this business can continue to trade (and grow) as it has been unless there is a material improvement in cash collection.. |
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| Bolt Technology Corp Published: 08/11/2008 |
Shares have more than halved in the last month - they looked cheap a month ago - Q1 results were disappointing but cash remains. |
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| Bateman Litwin Published: 07/11/2008 |
The shares soared this week following the departure of management and some broker support. Was this share price surge warranted and is this still a buying opportunity; the Champion comments! |
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| Tanfield Published: 31/10/2008 |
Despite the lowly PER and reassurance over cash, the access business remains a big worry and we aren’t convinced that it looks that attractive yet – a great pity because this is surely just the sort of business we should be supporting in the current climate! |
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| Glisten Published: 24/10/2008 |
Performance has been excellent up to now and the valuation looks cheap, but debt has increased, and the ghost of Inter Link Foods still haunts. It’s also unclear how they will perform in a recession. |
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| Vertu Motors Published: 22/10/2008 |
Ok, it’s not operating in the most attractive sector at the moment (what is!), but they have just issued highly encouraging interim results and this business comes with a load of tangible asset backing |
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| Shieldtech Published: 22/10/2008 |
More detail needed please, especially on the finances |
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| Lamprell Published: 17/10/2008 |
The order backlog is very good protection, the balance sheet robust and there doesn’t appear to be too much investment risk on a PER of 3.6x 2009 estimated earnings - another one takes a beating! |
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| Titan Europe Published: 17/10/2008 |
Since issuing a damning commentary on 12th Sept, recent dramatic falls in the share price and avid Director buying has compelled us to have yet another look – we still aren’t sure! |
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| Lupus Capital Published: 02/10/2008 |
It looks cheap but for good reason – management has been richly rewarded for a diabolical performance! |
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| Kentz Corporation Published: 29/09/2008 |
Fantastic results, great cash flow and loads of visibility – just look out for any contract muck ups! |
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| Jetion Published: 25/09/2008 |
A fabulous set of interims, a highly positive outlook, but no one is interested at the moment! |
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| Bolt Technology Corp Published: 23/09/2008 |
Cash rich but currently looks a one product company with c60 day visibility - management are intent on expanding by acquisition. |
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| Titan Europe Published: 12/09/2008 |
The shares may only be trading at 3.4x current year estimates but a wholesale change of senior management is surely the only thing that’s going to encourage investors now |
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| Discover Leisure Published: 10/09/2008 |
The news isn’t good but much as expected – a ten year ten bagger or debt laden disaster? |
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| Renewable Energy Holdings Published: 15/08/2008 |
Wind, Wave and Biomass – you get the lot with this little company, but will it ever make decent returns? |
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| Powerflute Published: 08/08/2008 |
The interim results were fine, it’s the short term outlook that doesn’t look so good! |
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| ZincOx Resources Published: 24/07/2008 |
Scepticism aside, it looks an interesting play at the current price of c130p, however, if current stock market conditions persist, the zinc price remains weak and if there are material delays in the plant openings the price could fall a lot more – management has a big job on its hands |
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| Jetion Published: 15/07/2008 |
The Chairman resigns and investors are spooked, but then comes a very positive trading update - business as usual! |
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| Pressure Technologies Published: 04/07/2008 |
Great results – a joy to behold in the current small cap market! |
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| Tanfield Published: 02/07/2008 |
Investor’s Champion warned you back in March 2007, and again in July 2007, again in 28th Sept, again…... |
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| ACM Shipping Published: 26/06/2008 |
Another set of excellent results but, in the short term, how much more is there left in the tank? |
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| Plant Offshore Group Published: 21/06/2008 |
The shares look cheap but for good reason! |
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| Geong Published: 20/06/2008 |
It’s all happening at Geong – Results, contract wins and Directors loading up! |
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| Hamworthy Published: 13/06/2008 |
Full year results looked good but need to be at the current rating. Nevertheless, Hamworthy is the leader in the Clubhouse (US Open this week!) of the Investor’s Champion Small Cap Scoreboard, overtaking CVS Group and Inspace, with the latter having been acquired. |
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| Discover Leisure Published: 02/06/2008 |
Share price 6.62p |
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| KVK Energy Published: 28/05/2008 |
Operator and developer of power plants in India – yes, another one! |
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| Indus Gas Published: 27/05/2008 |
Oil and gas company with assets in Rajasthan in Northwest India |
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| OPG Power Ventures Published: 14/05/2008 |
OPG Power Ventures owns and develops small and medium sized power plants in India and is in its fifth year of trading. Demand for power in India is apparently forecast to grow at 10%-12% per annum to 2017. OPG intends to raise up to US$100m through an Initial Public Offering (IPO) on AIM.
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| Share plc Published: 29/04/2008 |
The suggested valuation looks totally bonkers! |
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| Majestic Wine Published: 22/04/2008 |
Glass half empty? |
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| Valiant Petroleum Published: 26/02/2008 |
The group appears to have established an attractive position to exploit oil opportunities in the northern North Sea |
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| Jetion Published: 16/01/2008 |
Find me another business that can confirm in January 2008 that they expect trading in the calendar year 2008 to be in line with market expectations – smacks of upgrade to me! |
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| Powerflute Published: 11/01/2008 |
Positive trading update but no one is interested in the sector and many are wary of estimates. Furthermore will the proposed dual listing (if it really is a listing) affect AIM’s tax attractions? |
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| First Artist Group Published: 14/12/2007 |
At a P/E ratio of 5.8x 08E, this company is worth less than some of the football stars it represents. |
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| William Ransom Published: 12/12/2007 |
The Champion gets it spot on….there is brass! |
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| William Ransom Published: 07/12/2007 |
It’s a bad announcement but perhaps not as bad as all that and a business that’s been around for over 100 years with some decent products and great cash generation definitely justifies some attention! |
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| OMG Published: 03/12/2007 |
An interesting business but the announcement represents one of the ‘cheesiest’ bits of waffle I have ever come across! |
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| Claimar Care Group Published: 30/11/2007 |
Update - Defensive properties but increasing cost pressures in certain areas – thank goodness for Complete Care, despite the price! |
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| Baqus Group Published: 28/11/2007 |
Quantity Surveyors - EIS Qualifying New Issue - Consolidation Story |
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| Hamworthy Published: 28/11/2007 |
Decent interims, great cash flow generation and a huge order book but disappointment in some areas |
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| Geong Published: 28/11/2007 |
Lovely interims, a lovely announcement and the land grab continues. Dare I say it, but don’t get too worried about the cash collection – I actually said it! |
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| Acertec Published: 23/11/2007 |
They are falling on their Swords - and so they should. It’s much worse than of us any anticipated! |
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| Jetion Published: 21/11/2007 |
Update - it’s still all positive but the shares just keep on falling – what is going on, somebody please tell me! |
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| IDOX Published: 19/11/2007 |
Update - Encouraging numbers on a gloomy day for the market but I’m confused by the statement covering one of the contract wins |
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| CQS Rig Finance Fund Published: 02/11/2007 |
A cracking product |
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| Greenko Group Published: 30/10/2007 |
A clean energy producer with some attractive carbon credits thrown in for good measure – the green boys are bound to be interested |
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| Plastics Capital Published: 26/10/2007 |
Interesting model with strong management team but I can’t quite fathom the valuation at the moment - but that’s likely to change anyway! |
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| Prestigious Retirement Villages Published: 24/10/2007 |
An interesting concept but can they deliver and can someone help with the valuation, because we haven’t a clue! |
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| M.P.Evans Group Published: 19/10/2007 |
Palm Oil and Beef Cattle a great little long term IHT play and it isn’t just about biofuel. |
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| Ahava Dead Sea Laboratories Published: 15/10/2007 |
Nice products, profitable, cash generative, strong balance sheet – I’m not sure they shouldn’t have done more up to now and they are a very small fish swimming in a very large ocean |
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| CVS Group Published: 27/09/2007 |
About as defensive as you can get (we look after our pets!) with wonderful cash flow generation and excellent growth potential. |
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| Inspace Published: 26/09/2007 |
Great results, positive outlook, lovely cash generation and loads of visibility - can one ask for more in an IHT stock |
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| Northbridge Industrial services Published: 20/09/2007 |
Much smaller than our normal selection but it looks a nice little IHT play for the long term holder – you’ve got to be long term for IHT purposes! |
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| Et-China Published: 17/09/2007 |
Buying opportunity? |
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| Smallbone Published: 11/09/2007 |
Encouraging results from 2 kitchen manufacturers each with very different business models (AIM for IHT Planning) |
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| Sovereign Oilfield Group Plc Published: 29/08/2007 |
Are the shares starting to look reasonable value? |
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| Northacre Published: 21/08/2007 |
I’m not sure it really belongs on the stock market! |
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| London Capital Group Holding Published: 16/08/2007 |
Have a bet on a spread better - it looks good value! |
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| Marlin Group Holdings Published: 14/08/2007 |
Not a great catch for new investors and certainly one to throw back! |
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| Jetion Published: 14/08/2007 |
Update - share price fall is surely unwarranted |
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| LeadcomOrpak Systems Published: 09/08/2007 |
Two Israeli high growth merchants come out with positive results-but what about the cash! |
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- Worth having a look at for Inheritance Tax planning portfolios
- Energy Equipment & Services theme companies