The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Another really impressive trading update
Took the hit and sold my disastrous ipo punt. Like the brand but can’t see how they will reach breakeven and beyond with all the inflationary pressures.
Just me who liked the results?
Checked out the Lounger in Carmarthen recently. Another well ran establishment.
+27% May to October. Briefly popped in a site at Plymouth yesterday and it was rammed on a Thursday afternoon. Nice to see.
+26% 2019 levels end of May & June as restrictions eased. Hoping the demand continues. Surely Loungers will benefit from staycations
Like the company and should do well post lockdown. Possibly already priced in but feels like it’s under the radar. GLA
M&A specialist has written about Seeing Machines and the 10pc Federated stake
https://www.betaville.co.uk/news/federated-hermes-takes-10pc-stake-in-seeing-machin/
Have emailed...also not clear why the huge drop in Q4 but average quarter guidance for FY21 much higher?
Immediately received the below response
Thanks for your email. The market consensus numbers are included in the footnotes of the announcement today
While we are unable to comment further beyond what was disclosed in our results announcement today, I would like to bring your attention to the following commentary within today’s announcement as important context for our guidance commentary for FY 2020:
• Our overall performance in Q3 2020 was achieved with extreme monthly trading movements in the quarter. This is consistent with the level of market volatility experienced during 2020 and particular trading conditions during Q3 2020
• Customer Income during Q3 2020 was second highest quarterly level of Customer Income in our history, although reduced from record peak levels achieved in Q2 2020
• This gradual reduction from peak levels has continued into Q4 2020
https://www.youtube.com/watch?v=Fc8uy9MYlYI
Someone with more time to watch this might pick up some interesting bits
Tesla rival to launch with super cruise
https://www.cnbc.com/2020/10/20/gms-official-run-for-tesla-starts-with-its-electric-hummer-debut-tuesday-night-.html