Karelian Diamonds – Interims from second Conroy vehicle…..guess what?! And what was the Nomad smoking when signing this B***S*** off?
Filta Group (FLTA) has updated emphasising new franchises, cost savings and “new scheduling software introduced in 2019 is now delivering improvements in productivity” – and the shares have currently responded towards 170p, circa 20% higher…
Previously writing on self-styled “leading commercial kitchen services provider” Filta Group (FLTA), in August last year with the shares at circa 230p I concluded precious little Benjamin Graham ‘margin of safety’ (“for absorbing the effect of miscalculations or worse than average luck”). Possibly one for the watchlist for a better entry level, but currently, with the potential reward v. risk trade-off looking heavily tilted to the latter, one I avoid. Today a “Trading Update”…
November 2016-listed Filta Group (FLTA) has updated including that it “has enjoyed strong trading in the first half of the year” and “confidence for further progress in the second half of the year and beyond”. What do those mean in financial terms - and against a currently little-changed-on-the-announcement circa 230p share price?...
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