Small Cap Value Report (Thu 2 July 2020) - AIR, macro,

Good evening/morning, it's Paul here with the SCVR for Thursday. Estimated timing - should be done by 1pmUpdate at 11:26 - I've got to pop out for a while, so will add a couple more sections after lunch. Hence revised finish time is 3pm. I'm preparing this first bit on Weds evening, because I have to take some time out on Thursday to get the XJS fixed, ready for its 3rd attempt at this year's MoT. Nothing serious, just a weak handbrake (not needed on automatic transmission cars anyway), and slightly excessive emissions, so she needs an engine tuneup. Let's start with short comments on some open tabs on my browser that got left behind earlier this week; Portmeirion (LON:PMP) (I'm long) - a small number of shares in this decorative pottery, candles, etc, group appeared in my Spreadex account yesterday. That must mean the placing went ahead. I somehow got involved in this placing, but was more interested in meeting management and hearing their story. It's a share I previously liked a lot, but it's gone distinctly off the boil in recent years. This is all ringing a bell, have just remembered I wrote it...