Small Cap Value Report (Fri 24 May 2024) - IGP, NEXS, SCE, BMS, ENSI

Good morning from Paul!

I hear that Mello was very enjoyable, and sorry I couldn't make it this time (I extended my trip to Gozo due to a lingering chest infection, which is now almost sorted).

Troll

I see we had a trolling outbreak again yesterday. Just when you think it's all sorted, another one pops up! Ignore them, is my advice, because they feed on and enjoy the disruption they cause. I look forward to the developers adding an "ignore user" facility, which I think we need. I've added an extra bit to the explanatory notes below, to emphasise that with the resources available (me, and 3 hours of Graham 4 days pw), we obviously can't cover everything! Although we're getting close to having reviewed c.500 unique companies so far in 2024, so there's no hope if you can't find anything of interest amongst that lot! We're not machines, we're human, so we have the occasional off day, offset by plenty of out-performing days. If people moan at me, then it stops being fun, and if that happens I'll hang up my keyboard and do something else with my time, to be blunt.

Market thoughts

Dismissing UK small-mid caps is now going out of fashion, I'm pleased...