Darktrace (DARK)‘s business is in the USA and it is beginning to wobble. The CEO is called Poppy and she is definitely attractive. Unfortunately a company needs more than this to succeed. Still a sell and now at 257p.
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Over in the Far East Pelatro (PTRO) is hitting trouble and has been duly panned by Simon Thompson in this morning’s IC. It now stands at 6p and is valued at less than a central London flat. I can’t sell here.
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In Indonesia REA (RE.) is clearly making money but the fear is that its taxation may be whimsical. Nonetheless Odey have this week announced a discloseable 4.5% holding. I have got enough but RE. is probably a buy below 125p.
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N Brown (BWNG) up in Manchester has had a difficult time in recent months but the balance sheet is rock solid and tnav is well over 50p. Recovery is on its way and therefore BWNG is a strong buy below 35p.
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Finally, Distil (DIS) keeps failing. I do not know why. It is only capitalised at 0.5p at £3.5m. I can’t sell.