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Fonix – Trading Update points to even higher profits, shares 169p, TP 300p
Mark Watson-Mitchell – 22.01.2026 This morning, the mobile payments and messaging provider Fonix (LON:FNX) issued a Trading Update showing a strong first half for the period to end-December, with gross profit increasing by 7.1% to £10.5m and adjusted EBITDA growing by 6.4% to £8.3m, demonstrating growth across both UK and international operations. The company successfully launched commercial services in Portugal and established connectivity in a third European market, with


Kitwave Group – OEP makes 295p a share cash bid for this wholesaling business looks like a ‘done deal’ but is it enough?
Mark Watson-Mitchell – 22.01.2026 This morning Kite UK Bidco Limited has announced a recommended cash acquisition of Kitwave Group (LON:KITW) for 295p per share, valuing the company at approximately £251m. This offer represents a premium of 33.5% to the closing price on the last practicable date and 38.8% to the three-month volume-weighted average price. The acquisition, to be implemented via a scheme of arrangement, is supported by the Kitwave Directors, who intend to rec


Costain Group – this infrastructure group is ‘shaping, creating and will certainly be delivering’ over the next few years, shares 160p, TP 215p
Mark Watson-Mitchell - 21.01.2026 Yesterday’s confident Trading Update from the Kier Group (LON:KIE) could well prove to be a positive pointer for another infrastructure business. Next Monday morning, 26 th January, will see the Costain Group (LON:COST) issue a Trading Update for the year to end-December 2025. The Business Costain has been improving the lives of people for more than 160 years, by creating connected, sustainable infrastructure that enables people and the p


Currys - exceeding expectations again, shares 125.4p will rise, TP 200p
Mark Watson-Mitchell - 21.01.2026 This morning Currys (LON:CURY) has announced another increase in its profits guidance. Certainly good enough to get the shares moving higher again. Last night they closed at 125.40p, towards the end of last October they hit 146.27p - that is a level at which I believe they will be trading at again very soon. The electrical retailer reported strong trading for the 10 weeks ended 10th January 2026, with group like-for-like revenue growth accel


Kier Group - confident Interim Trading Update shows shares cheap at 220p, TP 277p
Today the Kier Group (LON:KIE) , which is a leading UK infrastructure services, construction and property group , reported strong trading for the first half of the fiscal year, with full-year expectations remaining unchanged and a significant milestone achieved in its cash position. The company's order book stands at a record c.£11.6bn as of 31st December, with 94% of FY26 revenue secured. Recent contract wins include work with British Airways, Southern Water worth £44m, an


SSP Group – a positive AGM Trading Update later this week will really help its shares, now 190.30p, average TP of 382p
Mark Watson-Mitchell – 19.01.2026 On Friday of this week, 23 rd January, I am looking forward to the £1.51bn-capitalised SSP Group (LON:SSPG) issuing a positive Trading Update, ahead of holding its AGM that day. This group’s vision is to be the world’s best travel food and beverage company. “Our purpose is to be the best part of the journey, and our focus is on making every journey taste better - bringing great food and welcoming hospitality to travellers across the glo


Christie Group – better than expected 2025 Update should push the shares, now 120p against brokers valuation of 250p
Mark Watson-Mitchell – 19.01.2026 The shares of the Christie Group (LON:CTG) look ready for an upward climb from Friday’s closing price of 120p. This morning the agency outfit has announced its Full Year Trading Update for the year to end-December 2025. The group anticipates a full-year 2025 performance significantly exceeding upgraded expectations, with revenues from continuing operations projected to surpass £70.0m, up from £59.2m in 2024, and operating profit from conti


Filtronic - still shooting into Space, its shares are up over 16 times in under four years!
Mark Watson-Mitchell - 18.01.2026 The shares of Filtronic (LON:FTC) , which were down to 72p in April last year, hit 197p at one stage last week. They closed at 190p on Friday night, valuing the Sedgefield-based RF components and systems group at a significant £416m. I say significant because its valuation makes a lot of analysts and investors smart in reaction. That is because it is expected to show only £54.0m in its sales for the year to end-May 2026. Furthermore, estimate


Auction Technology Group – FitzWalter Capital is determined, making 12th approach and suggesting 400p a share cash offer, shares 362p
Mark Watson-Mitchell – 18.01.2026 Last Friday morning, 16th January, the FitzWalter Capital investment group announced that it has increased its possible offer for Auction Technology Group (LON:ATG) to 400p per share, valuing the company at £491m, a 48% premium to the undisturbed share price on Friday 2nd January. FitzWalter Capital It is a global private investment firm headquartered in London, with offices in New York and Hamburg. Founded in 2020, the firm manages $2.4bn o


Hunting – Trading Update indicates good Order Book and Tender pipeline, with big subsea emphasis, shares 401p, new TP 460p
Mark Watson-Mitchell - 15.01.2026 The 2025 Full Year Trading Statement issued by Hunting (LON:HTG) , the £600m-capitalised global precision engineering group, covered the period to end-December last. Last July, I stated that the group’s shares were undervalued at 339p, since when they have risen over 20%. I believe that the group has the potential for significant growth in its main operating divisions, and that its shares, now at 401p, are an attractive investment. The Update


Mpac Group - Trading Update points to 26% profits advance, shares 320p, TP 400p
Mark Watson-Mitchell - 15.01.2026 This morning's Trading Update from one of my old favourites, the Mpac Group (LON:MPAC), has declared that the FY25 trading performance was in line with market expectations, with improving operating margins and a stabilised order book. The group, which is a global leader in high-speed packaging and automation solutions, expects to report revenues of approximately £170m for the full year 2025, a significant increase from £122.4m in 2024, with


Ramsdens Holdings - record results see brokers increase their Target Prices, shares now 420p, TP 490p
Mark Watson-Mitchell - 14.01.2026 An excellent set of results were announced this morning by Ramsdens Holdings (LON:RFX) , the financial services group. It reported a record year for the twelve months to end-September 2025, with profit before tax increasing by 43% to £16.2m on revenue of £116.8m, up 22% from the previous year. This strong performance was driven by growth across all four key income streams, particularly the purchase of precious metals segment which saw a 52% i


Ramsdens Holdings – look out for the Finals tomorrow, shares 415p, brokers TP 480p
Mark Watson-Mitchell - 13.01.2026 Tomorrow morning, Wednesday, 14th January, will see Ramsdens Holdings (LON:RFX) releasing its Annual Results, covering the year to end-September last. Yesterday the group’s shares put on a healthy 4.40% gain, to close 17.50p up at 415p, which is more than double my feature price of 201p three years ago and is now at an All-Time-High, perhaps the precursor to good news. In early October 2025, the financial services business issued its Pre-Clos


SRT Marine Systems - At an Inflection Point, Trading Update indicates 47% profit advance and a 85% uplift in cash
Mark Watson-Mitchell - 13.01.2026 This morning SRT Marine Systems (LON:SRT) , the global provider of intelligent maritime surveillance systems for sovereigns and maritime navigation safety systems, has reported a strong first half for FY26, with unaudited group revenues reaching £51.1m, which is a significant 95% increase from £26.2m in the prior year's comparable period, while its profit before tax rose by 47% to £3.1m. The company's gross cash balance also grew substantial


Gym Group - excellent Trading Update should spur the shares higher
Mark Watson-Mitchell - 13.01.2026 The Gym Group (LON;GYM) has this morning stated that it anticipates full-year results for 2025 to exceed analyst forecasts, driven by an 8% revenue increase to £244.9m and a 3% like-for-like revenue growth. The group declared that the numberr of members rose 4% to 945,000, with average revenue per member per month increasing to £21.60. Last year, the company opened 16 new sites, taking the total up to 260. It also reported that its net debt


Hands Off Greenland – some recollections of my trip there to a Molybdenum prospect
Mark Watson-Mitchell – 12.01.2026 I now realise what Donald Trump is doing on the international stage – he is creating tensions across the globe, so that he can then be lauded for ‘settling’ the various wars and conflicts that are created by his manoeuvres. And then claim the Nobel Peace Prize for his valiant efforts. Grabbing Out For Greenland He is currently ‘bullying’ his way into the annexation of Greenland – such an intention of which I totally abhor. It is the world’s


Gym Group – ahead of tomorrow's Trading Update this group’s shares look very fit at 159p, brokers TP 238p
Mark Watson-Mitchell - 12.01.2026 Tomorrow morning, Tuesday 13 th January, will see the issue by the Gym Group (LON:GYM) of its Trading Update for year to end-December 2025. Its shares at 159p look ready for a strong uplift. In a Leisure Sector Digest report published early last month by brokers Panmure Liberum its analyst Anna Barnfather stated that: “We expect Gyms to continue to perform well in 2026, underpinned by rising participation rates and sustained membership gr


Gulf Marine Services - contract news has boosted the shares, up 44% in three months, now 20.90p, TP 32p
Mark Watson-Mitchell - 12.01.2026 We have been banging on about this little £241m-capitalised group for years, and now it is beginning to show some real strength, enough to be exciting new investors. Gulf Marine Services (LON:GMS) last week announced more good news on the contract front - reaction to which generated a good share price move back above the 20p level, last seen in early August 2025. GMS Executive Chairman, Mansour Al Alami, stated that: "This contract extension


Kier Group – Trading Update on 20th should reflect strong Interim Period, with growing Order Book, shares 223p, brokers TP 322p
Mark Watson-Mitchell - 09.01.2026 On Tuesday 20th January, the Kier Group (LON:KIE) , whose vision is to be the UK’s leading infrastructure services and construction company, will be reporting a Trading Update for the first-half of its current year. It should be more than positive and boasting of further growth in its Order Book – such news of which could help to boost still further the upward progress of its shares, now trading at 226p, up some 64% in the last year. The Busi


Currys - edging forward before Trading Update on the 26th, shares 130.70p, brokers TP 200p
Mark Watson-Mitchell - 08.01.2026 Watch the shares of the £1.37bn capitalised electrical retail group Currys (LON:CURY) over the next few days. They closed at 130.70p after some 2.37m shares traded. In two weeks' time, we should see the group report its Trading Update for the Christmas/New Year period. Good First Half It was on Thursday, 18th December, that the group declared that its First Half business had shown a significant improvement in its financial performance for the
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