RE: Yesterday's rise20 Dec 2022 14:23
This could be the reason. Taken from The Naked Trader's last update on December 16th.
An interesting one that's heading higher at the mo is MS International MSI.
I messed around with this a few years ago but it was always hard work, staying around the same price with a big spread.
It's delightfully old fashioned. Head cheese Michael Bell has been with the company since 1972 and must be in his 80's meanwhile the rest of the board are in their 70s.
We reckoned at the seminar that Michael's son might take over the reigns should he retire.
The website is pretty much non existent and literally there are just two announcements a year, but I rather like all this.
What you see is what you get with no piles of BS getting in the way,
It's part defence (guns and that sort) and part forgings and petrol stations. They seem quite excited by their defence division growing.
Profits and revenue are all well up and so is cash, over £23m.
Taking all that into account, the shares still look cheap even after recent rises.
Of course it could fall back on profit taking but no major sign of that yet.