Evil Diaries: Small caps to accrue

Pittards (LON:PTD) reported its half year figures yesterday. This business is clearly going from recovery position to rude good health.

The most important news is that production is going well in Ethiopia and there is no sign of the civil war in Tigray spreading anywhere near PTD.

The stock is difficult to buy – perhaps just 10,000 at 74p – but there is little risk and there must be the possibility of a bid – if the latter, 100p+.

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Pelatro (LON:PTRO) is still in the early stages of its development. But the order book as reported earlier this week is there and therefore PTRO is worth a punt beneath 60p.

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Finally I am indebted to Robert Corden who has drawn my attention to Jade (LON:JADE). Tangible net asset value looks to be a multiple of the current share price of 21p. It must be worth a punt.