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Декабрь
2015

Small Cap Value Report (30 Dec 2015) - MIRA

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Good morning!It's very quiet today, as you would expect for this time of year. Although it's always worth keeping your eyes peeled for opportunities, as prices can spike up or down a lot in thin markets like this. I find it's quite good to keep a little cash on the sidelines, so that you can nip in and grab the odd bargain on days like today.I see that controversial cash shell, Concha (LON:CHA) has bounced nicely in the last few days - presumably on expectations that another spectacular ramp can be engineered in 2016?Ocado (LON:OCDO) has taken a bath in recent days. I increased my short position on that one yesterday, after reading an article that the Amazon Pantry service is being greatly expanded, following successful trials. So that's another strong competitor joining the already ultra-competitive and low margin grocery delivery market. The £1.9bn market cap makes no sense whatsoever, for a business that is only marginally profitable, yet hugely capex hungry - the worst of both worlds. I'm not meant to talk about shorts here, so let's move on.I think we're likely to see a mass extinction of junior resource stocks...



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