Small Cap Value Report (31 Dec 2015) - SMXX

Good morning!Well, here's my last SCVR of the year - making it a grand total of 251 reports in 2015!I did a year-end recap on my own portfolio(s) results this year here, in my 24 Dec report, for anyone who hasn't already seen that.2016 Charity ChallengeI like to do something worthwhile for charity each year, so have come up with a dual-purpose challenge for 2016.1) Total abstention from alcohol for the whole month of January 2016. I usually do this anyway, so thought I'd add a twist this year, namely;2) Instead of having fun nights out at the weekends, I will spend my weekends in Jan 2016 writing a report analysing small cap profit warnings from 2015. I've been meaning to do this for years, but never had time, as it's a big project, so have decided to make some time in 2016.The idea is this - as I already report on most (nearly all) significant profit warnings in small caps in my SCVRs, then I'm going to re-read all 251 SCVRs from 2015, pick out the profit warnings, and prepare both some data, and summarised commentary on each one, then analyse what happened next.The key themes will be - what percentage...