I originally bought Pelatro (PTRO) perhaps a year ago at around 64p and saw it melt away without any explanation. It’s business is noting the seeming preferences of customers of telcos and then running adverts back. They are not the sort of adverts that interest me in the slightest but, one way and another, the income thus achieved can be remarkable.
But PTRO kept going down until a fortnight ago PTRO announced that all was going well and that the results, which came out yesterday, would be in line with market expectations. This is fine but since there is no record of market expectations not much comfort could be derived. However, the results are perfectly good and I was therefore compelled to buy more. We’ll see.
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Coro (CORO) went over their current investment portfolio this morning and it looks OK to me. There is a large amount of debt but, equally, cash is coming in and the outlook seems fairly sunny to me. I have got enough but 0.35p seems a fair gamble.
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How very apt: The Queen was conducted round the Chelsea Flower Show yesterday by a Mr Weed. I expect care was taken to stop him straying on to the flower beds.