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About the Author

Graham Neary

Premium Member

I've been a full-time stock market analyst and investor since 2009, with the exception of one "year out"!I was a chartist (technical analyst) for three years, analysing the fixed income and futures markets for hedge funds and investment bank traders.After that I moved over to the buyside where I got my CFA qualification and learned how to manage equities and fixed income portfolios for a large institution. When given the chance to manage a diversified UK equity portfolio, I generated a return of 28.5% in two years (benchmark: 17.1%).  Avoiding the mining sector was a big help! I then took my year out to study Mandarin in China. Ever since, I've been spreading the word on how individuals can  find exciting investment opportunities.  I've spoken at countless events, taught financial statement analysis to private investors, built up a small following on social media, and have been a regular fixture here at Stockopedia for many years. The stock market continues to fascinate me and I'm sure it always will. more »

29 comments

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mammyoko
Mon 9:10am

Perhaps the announced move to a Main Market  listing is to facilitate the sale of this holding by the lender?
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grout123
Mon 9:28am

There is quite a lot of brown ( smelly ) in my portfolio currently 
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GloucesterBob
Mon 9:46am

Not forgetting my favourite colour chocolate  (Green/Black).  Profit warning, huge sell off but on a positive share going forward, but only if I do not already hold.
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garrymon
Mon 9:57am

Hi Graham
Re PLUS500 cash balances, at last years' AGM I asked how much of their cash was required for regulatory purposes.  The answer was $550m.  At the time the company had a cash balance of $985m.
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Epitychia
Mon 10:26am

Plus500 (LON:PLUS) Always wondered when they would run out of new mugs ready to lose money. The 26% decline in new customers YoY could be that turning point. 
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Graham Neary
Mon 10:38am

Thank you Garry, that was a great question! Cheers. G
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SundayTrader
Mon 11:15am

re Metals Exploration (LON:MTL), not much new in these announcements, other than that work is progressing to bring La India to production.  I don't know what you think of the deferring of the drilling programme at Abra.  I would have thought the delay was pretty significant, and may be part of the reason for the opportunistic purchase of La India.  I wouldn't be expecting comment from Graham on these announcements, he would consider mining companies outside his areas of expertise.  Like you, I have held for some time.
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psin
Mon 11:55am

I am colour blind. So? Greens and Brown. Forget it. Amber! Got no chance.
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carmensfella
Mon 12:28pm

Richard Penny will kick off tonight's show with a presentation on "Finding opportunities in the small-cap space" and Elixir will actually be analysed on the BASH
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yiannos1
Mon 1:15pm

Made Tech (LON:MTEC)

Awarded another £8M two year contract from the department of business&trade.

Digital services as already explained last week.

I hold

All the best 
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raigersfield
Mon 2:36pm

Re Mugs and Money- the mainstream betting industry has never suffered from loss of customers and Gen Z seem even keener on trying to make the stuff as quickly as possible……..
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sparkler
Mon 2:42pm

I don't see any new RNS for Made Tech (LON:MTEC) today. Are you referring to the announcement made on 7th Sept?
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boringchess
Mon 3:06pm

I am thinking about cashing out or at least taking large profits after seeing a ~43% gain since buying in December.

Feels a little overheated at the moment. Curious what you think!
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Bouden54
Mon 3:37pm

Plus500 (LON:PLUS) Not necessarily - new customer numbers tend to fluctuate quite a lot from period to period, and there does also seem to have been a push in recent years for higher quality customers (higher spending and stickier) rather than just quantity. I don't hold but I certainly wouldn't bet against them given their track record.
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Mhar91
Mon 3:50pm

I was dissapointed regarding the news about Abra, as this was Metals Exploration (LON:MTL) main focus before la India was in the pipeline. I trust the team to make the right decisions and it’s exciting to think we e still got another huge project to focus on apart from la India. It’s nice to see the buisness getting recognised and not just receiving the usual comments regarding mine life at running. I was however hoping for some coverage here when we had the update last week as I know keelan has mentioned Mtl a few times before maybe he can do another write up, it wouldn’t change my mind on anything but would least make me think I’m getting my monies worth!
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Mhar91
Mon 3:51pm

Apologies some typos there, won’t let me edit it!
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Scarogoth
Mon 4:50pm

Thank you!
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Lochinver
Mon 5:03pm

Some strange big movements amongst unrelated smallcaps today :

MS International (LON:MSI) + 7.5%

Beeks Financial Cloud (LON:BKS)  - 8%

Intercede (LON:IGP) + 6.3%

Treatt (LON:TET) + 5.9%

Never a dull moment but all rather disconcerting ! 
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Mhar91
Mon 7:59pm

I’m usually very quick to take profits but haven’t so with metals yet as I think we are just gaining traction, the director buys solidify this for me and the good news keeps rolling in.  I’m going to put the strategy “let your winners run” to the test as I genuinely don’t know where else I’d invest the profits and feel just as confident. Best case scenario of selling now is potentially buying them back in the 6s or maybe 5s if you are lucky as it does have big pull backs from time to time. I don’t think you can go far wrong either way though as I’ve also never regretted taking profits. 
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doctor dave
Mon 9:27pm

The RNS will come later. These contracts are  announced on a public website before an RNS is made. Yiannos put the link up last time. Seems a very odd arrangement but that's how it works....DD
Reply
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Name (Mkt Cap)RNSSummaryOur view (Author)
Marks and Spencer (LON:MKS) (£7.9bn)Cyber Incident - Further UpdateM&S has suspended all online ordering from its websites as a consequence of the cyber attack first reported on 22/4.AMBER (Roland) [no section below]

The company’s interim results reported that 33% of Clothing & Home orders were made online. Extrapolating the H1 results suggests to me that online orders could perhaps represent c.£150m of annual operating profit – around 15% of the group total. This cyber attack appears to be causing significant disruption, but M&S has not yet provided any real explanation of what’s happened. This leads me to fear that the problem may not yet be fully understood.
This will probably be a transient issue. But if it continues for much longer, I think there’s a risk this cyber attack could affect FY26 earnings forecasts. Given the stock’s High Flyer status, I think it makes sense to adopt a more cautious view until the issue is contained.

ITV (LON:ITV) (£3.0bn)No RNS - press reports re. takeover talks

SP -2% today to 79p.
According to the FT, ITV is in early talks with French rival Banijay regarding a possible bid for its Studios business, or even a complete takeover.

AMBER/GREEN (Roland - I hold)
ITV faces structural challenges at home and tough market conditions more generally. But I continue to believe the content business is undervalued and that the whole group is performing better than the market recognises. The risk, of course, is that I’m wrong – or at least that future headwinds will be worse than I expect. I’m leaving our moderately positive view unchanged today.
Deliveroo (LON:ROO) (£2.2bn)Response to Press SpeculationSP +17% to 171.4p. Friday RNS: possible cash offer at 180p from DoorDash. BoD would be minded to recommend such an offer. Engaging in discussions.PINK (Graham)
I can see why DoorDash are interested to buy at 180p, but I struggle a little to see why the offer would be recommended to shareholders. Some may be keen for the exit ever since the overpriced IPO, but on a forward view I think the prospects for Deliveroo are bright. I'd want more than 180p.

Plus500 (LON:PLUS) (£2.2bn)