Simon Hedger 🇺🇦

Worth a listen and i really like @WilfredFrost interviewing style. I’m not pro-Trump so I listened through biased ears. Scott’s claim that the US modeled and scenario planned the Iran war begs lots of questions about how exactly they planned to keep the straights of Hormuz open. 👇 podcasts.apple.com/gb/podcast/the…

Of interest to #KOO shareholders 👇

Of interest to #MSI shareholders 👇

New all-time highs today for industrial biz #DPLM, insurance Group #BEZ and food producer #AEP. Thin pickings Plenty to pick from re: all-time lows incl lux car maker #AML, support services biz #HAS, construction group #CRST & building products biz #SHI (down over 99% pre GFC)

Kooth #KOO back at all-time lows again ahead of results at the end of this month. I think the market is overly punishing the valuation at just 6x 2027 EBIT or 3 x 2027 EV/EBIT. California risk seems overplayed with Soluna now embedded etc. I’ve picked up a few more today.

@RanmoorRuffian @reb40 Yes forgot that clown show.

@vodkaquickstep @reb40 I don't know, RBG Holdings (Rosenblatt) was great for comedy value😉🤠.

#LIT Litigation Capital are having an awful year 🫣 Today we’re told another case has gone against them, this time for A$1.4m (though they have insurance) Now just a £10m market cap 😳

@brickcounter8 Still glad I passed on this one a long time ago. One to monitor #SRAD

#SRAD Stelrad Group plc Stelrad reports a rev. of £279.6m for the YE 31-Dec-25, a decrease of 3.8% from the previous year ❌, attributed to economic uncertainty in core markets. Despite this, adjusted operating profit increased by 3.0% to £32.5m 🤔🤨, driven by margin management & strategic initiatives. The co. incurred exceptional items of £14.9m, primarily related to asset impairment & restructuring costs ❌. Free cash flow significantly improved to £20.5m ✅, & net debt decreased by 14.3% to £51.2m ✅. The recommended final dividend is 5.05p per share, a 5% increase ✅. The co. anticipates subdued market demand to continue into the first half of 2026 but remains confident in its market position & strategic initiatives for future progress 🤔

@reb40 Friend works for Berkeley near us (South East) and said they’d seen a huge pick up in enquiries post Christmas with customers saying their confidence to proceed with moving house had increased post budget and interest rate cuts etc. #BKG

#BKG Housebuilders have been on quite a 🎢 over the last year so it’s good to see BKG reaffirming guidance, albeit with the caveat “we are aware of the risk of a further deterioration in macro conditions..potential for higher inflation..interest rates to remain higher for longer”

👇this 👇

@Arregius @rhomboid1MF Soluform certainly seem to be busy ✅🤞 With my background in engineering and particular water/infra I think this is neat solution for clients / contractors.

content.soluform.co.uk/case-studies/a… How its going @rhomboid1MF #GDWN

Interesting week (Iran aside 🫣). Spent a lot of time this week on #NEXS including a call with mgt. Have been a buyer and like the asymmetrical upside. Also #SNWS continues to look interesting if they can deliver ~£7m of adj OP from recycling etc as per LTIP. Good weekend 🍷

@Leven954 I’ve procrastinated a few times over holding #SNWS in my PF for the last few years but the income it’s generated has been phenomenal and the new LTIP structured around up to £7m of OP from new verticals (recycling etc) means I’m going to keep holding for a few more years yet.

@Leven954 Please “reach” out to let us know how it plays out 😉

This remains a very interesting situation, fascinated to see how it plays out.

@JamieCDubya Enjoyed the podcast thanks Jamie and equally I’m a happy long term Wise user albeit not a shareholder…yet!

My appearance on the In The Company of Mavericks podcast with Jeremy McKeown is out now. It was a hugely enjoyable chat. open.spotify.com/episode/1CKQpl…

The Terrahawk Paladin system is apparently a good bit of kit. We should definitely be building lots more of them that can be easily deployed around the world. I wonder if it’s possible to make one that utilises Martlet missiles instead of a 30mm gun, just to add options.

All-time highs today for #BA. (Up 280% since Ukraine invasion), international contractor #KLR, Irish house builder #GLV and ingredient manufacturer #RFG All-time lows for no less than 40 sub £50m mcap biz’s incl #MPAL #OPTI #DNM #HELD and #BEM

@starpukka1 @rhomboid1MF Not today but I have been buying recently - find it hard to sit on any cash.

@vodkaquickstep @rhomboid1MF Have you bgt anything today, Simon ?

#SCE the end of the road…a real shame Seems hard to believe that GM didn’t start the process of alternative sourcing a long while back as it became clear that SCE was struggling to manufacture discs in the quantity required…arguably would have been highly remiss otherwise

Of note for #SNWS holders: “The resilience of our business is further demonstrated by the continuing loyalty of our print readership and the reliability of our print revenues, which we don't take for granted. In 2025 we still sold over half a million papers a day and through carefully planned cover price increases and promotional activity, we were able to offset the majority of the well-documented decline in print volume.”