Good morning from Paul, and welcome back Graham!
I see several companies have announced their brokers have changed, due to a merger of Liberum and Panmure Gordon. It's good to see more consolidation in the sector, and I wish both firms well as a larger group. I rely on Liberum's excellent research a lot through Research Tree, so I very much hope the combined entity will adopt Liberum's approach of getting their research out to the people who create the liquidity and set the share prices for small caps - private investors!
Explanatory notes -
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We stick to companies that have issued news on the day, with market caps (usually) between £10m and £1bn. We usually avoid the smallest, and most speculative companies, and also avoid a few specialist sectors (e.g. natural resources, pharma/biotech, investment cos). Although if something is newsworthy and interesting, we'll try to comment on it. Please bear in mind the "list of companies reporting" is precisely that - it's not a to do list. We typically cover c.5 companies per day, with a particular emphasis on under/over expectations updates, and we follow the "most viewed" list of readers, so if you're collectively interested in a company, we'll try to cover it. Obviously with the resources available, we can't cover everything! Add you own comments if you see something interesting, and feel free to discuss anything shares-related in the comments.
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What does our colour-coding mean? Will it guarantee instant, easy riches? Sadly not! Share prices move up or down for many reasons, and can often detach from the company fundamentals. So we're not…
