Small Cap Value Report (Fri 26 April 2024) - LGRS, DARK, CAR, REC, BRCK
Good morning from Paul! Let’s hope the RNS is a little quieter today, so I can look at a few backlog items. Quarterly doom amp; gloom report from Begbies Traynor (LON:BEG) is published today - saying that insolvencies are heading upwards, particularly in consumer facing sectors. It calls the UK economy “troubled”. Expects “thousands of businesses failing in the coming months…”. I’m sure they’re right, but remember BEG only focuses on the small minority of companies that are in serious financial trouble. It’s not necessarily a good indicator of the future outlook for the economy as a whole, in my opinion. The overwhelming number of companies we report on here are hitting, some even beating, expectations. I’ve been a little distracted this morning, watching company webinars, here are my brief impressions – Tortilla Mexican Grill (LON:MEX) (I hold) webinar on InvestorMeetCompany - New CEO comes across a lot better than I was expecting. Former CEO felt it was time to step back, at 60, and after 10 years in the role. So looks like it was amicable handover to former CFO as new CEO – who seems energetic amp; full of good ideas/strategy I think. CFO confirmed that it should move back…
Source: https://www.stockopedia.com/content/small-cap-value-report-fri-26-april-2024-lgrs-dark-car-rec-brck-995722/
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