Raspberry PI above £10 a share for first time
Trading on 65x two-year forward earnings
Has $RPI gone too high?
Europe pre-market broker calls:
Bodycote -5-15%: Apollo withdraws offer interest
Resolute Mining -7-10%: Q2 production warning
Oxford Biomedica +1-5%: Open to takeover offers
Prudential -1-2%: China regulatory concerns
Standard Chartered -1-2%: China regulatory concerns
HSBC Holdings -1-2%: China regulatory concerns
Air France-KLM -1%: Barclays downgrades stock
Airbus +1%: May deliveries increase
Eiffage +1%: Wins German contracts
Givaudan +1%: Acquires Eurofragance stake
Pirelli +1%: Challenges short seller claims
Somero Enterprises +1-3%: Positive trading momentum
STV +1-2%: Advertising revenue beats
Rolls-Royce -1%: Nuclear outsourcing criticism
AIM/UK small cap pre-market broker calls:
#EVOK Evoke +10-25%: Recommended Intralot takeover
#RPI Raspberry Pi +2-15%: Strong H1 profitability outlook
#ALRT Defence Holdings +5-10%: Ministry contract transparency notice
#FORG Forgent +5-10%: Drilling starts within weeks
#IOF Iofina +5-10%: Additional brine supply agreement
#KEN Kendrick Resources +5-10%: Rare earth discovery potential
#ADME ADM Energy +10%: Increased Vega investment
#REVB Revolution Beauty +5%: FCA probe closed
#ANIC Agronomics +5%: Positive portfolio updates
#GDR Genedrive +5%: HMRC tax credit received
#URU URU Metals -15%: Weaker Target 2 anomaly
#CTL CleanTech Lithium -15%: Discounted fundraising announced
#BTG BTG Consulting -2% to +2%: Acquires MVLOnline website
#RSG Resolute Mining -7-10%: Q2 production warning
#SOM Somero Enterprises +1-3%: Positive trading momentum
Man United shares up 14% as @hellierd reports some members of Glazer family have been debating whether to sell stake
Stock hits highest since August 2023 bloomberg.com/news/articles/… $MANU
Panmure Liberum recommends selling Ceres Power shares but not shorting them
Says 700% rally ignores execution risks
“Given share price has been sentiment driven, it is too risky to short”
Via @Bloomberg_JoshW #CWR bloomberg.com/news/articles/…
Same $SIVE exec that sold stock last week also sold $900,000 worth of shares in March
Would have been worth about $6 million today
Europe pre-market broker calls:
Formpipe Software +50%: Tabellae bid offer
Universal Music -6%-8%: Pershing Square stake sale
Sivers Semiconductor -8%: Wireless head sells shares $SIVE
Burckhardt Compression -7%: Revenue outlook disappoints
CMC Markets +1%-3%: Positive FY27 outlook
Remy Cointreau +2%-3%: Profit beats expectations
EasyJet +2%-3%: Castlelake eyes MSC partnership
S4 Capital +1%-3%: FY revenue in line
Partners -2%: Withdrawals pressure funds
Mitie +1%-2%: Buyback extended
Great Portland Estates +1%: City Tower lettings
HgCapital Trust +1%: Strategic investment increase
ISS +1%: Defence partnership expanded
UCB +1%: Positive Phase 3 study
AIM/UK small cap pre-market broker calls:
#PMP Portmeirion -40%: Placing at 50p
#TM1 Technology Minerals -20%-25%: Conditional fundraise proposed
#MET Metir +10%-20%: First PFAS detector sale
#TYM Tertiary Minerals -10%-15%: Placing at 0.05p
#NEO Neo Energy Metals -15%: Regulatory delays acquisition
#CRTX Crism Therapeutics +5%-15%: Grant award received
#INC Incanthera +10%-15%: Skincare acquisition announced
#ALRT Defence Holdings +5%-10%: Strategic partnership signed
#REE Altona Rare Earths +5%-10%: Rare earth enrichment confirmed
#GMET Guardian Metal Resources +3%-10%: Tremor Zone discovered
#HAMA Hamak Gold +2%-10%: High-grade gold hits
#HE1 Helium One Global +5%-10%: Offtake agreement secured
#GTLY Gateley -5%-3%: Mixed trading update
#AET Afentra -5%-2%: Placing completed
#PMI Premier Miton -5%-1%: Dividend rebased
#AEO Aeorema Communications +3%-5%: Cannes activity record
#AURR Aurrigo International +2%-3%: Results ahead expectations
#JLP Jubilee Metals +3%-5%: Roan operations resumed
#SPR Springfield Properties +2%-5%: Debt eliminated
#SWT Switch Metals +2%-5%: Drill targets confirmed
#HUI Hydrogen Utopia International +2%-5%: Defence subsidiary launched
#OBI Ondine Biomedical +5%: Revenue growth reported
#V3TC Vaultz Capital +5%: Chairman bought shares
#PEN Pennant International +2%-4%: Auxilium Phase 3 launched
#BRES Blencowe Resources +3%: Broker note published
#SSTY Safestay +3%: Berlin lease terminated
#EAH Eco Animal Health +2%: Credit facility renewed
#FIN Finseta +2%: Revenue rose 9%
#HGT HgCapital Trust +1%: Strategic investment increase
#RHR Richmond Hill -2%: Funding need likely
#VLG Venture Life +2%: Chairman bought shares
#HUI Hydrogen Utopia International +2%-5%: Defence subsidiary launched
Any mention of data centers can send a stock soaring
Valeo +18% following JPMorgan comment
Will be French car parts maker's biggest gain since 2020
Hearing of a few shortsellers in Investec today
Follows takeover speculation that some are dismissing
Stock 7% below spike after initial headlines
Europe pre-market broker calls:
B&M European Value Retail -5% to +3%: FY results mixed
Inditex +2% to +5%: Strong Q2 start
Partners -3% to -1%: Redemption requests rise
Ninety One -3% to +2%: FY profit miss
discoverIE +1% to +3%: Orders ahead of sales
Howden Joinery +1% to +3%: Buying DIY Kitchens
Voestalpine +1% to +2%: FY results beat
Wolters Kluwer +1% to +2%: OpenAI collaboration expands
Energean -1%: Angola deal uncertainty
Currys +1%: Names new CEO
Elementis +1%: Buyback commenced
Eiffage +1%: Wins French contract
Geberit +1%: New share buyback
Tritax Big Box REIT +1%: Logistics assets sold
UCB +1%: Positive Bimzelx data
Ubisoft +1%: GameStop read-across
AIM/UK small cap pre-market broker calls:
#BSFA BSF Enterprise -25% to -20%: Discounted placing announced
#CINH Cindrigo Holdings +20%: Investment funds expected
#FCM First Class Metals +10% to +20%: Ontario asset sale
#DEBS Debenhams +3% to +10%: Returns to growth
#ITM ITM Power +1% to +5%: Protium partnership agreed
#RKH Rockhopper Exploration -5% to +5%: FY results mixed
#RFX Ramsdens Holdings +5%: Raises profit guidance
#RBD Reabold Resources +5%: Zenith exclusivity agreement
#VLG Venture Life +5%: FemiClear acquisition
#VNET Vianet +5%: Contract renewal agreed
#AEG Active Energy +5%: Bahrain meeting invitation
#MAC Marechale Capital -5%: Acquisition share issue
#NESF NextEnergy Solar Fund -5%: NAV declined
#TAND Tan Delta Systems -5%: FY revenue update
#DSCV discoverIE +1% to +3%: Orders ahead of sales
#G4M Gear4music +2% to +3%: Buyback announced
#ATC ATC Music +2%: Revenue growth continued
#AVAP Avation +2%: Lease agreement signed
#FEN Frenkel Topping +2%: FCA clearance received
#GFM Griffin Mining +2%: Buyback programme reinstated
#HUD Huddled +2%: Revenue increased
#SKA Shuka Minerals +2%: Encouraging drill results
#SRVL Serval Resources +2%: Namibia exploration results
#ZEN Zenith Energy +2%: Daybreak exclusivity agreed
$SIVE short squeeze in full swing
43% rally with 17% of free float shorted
Painful morning for some
JPMorgan warns against piling into $SOI rally
"Some of the euphoria around the shares unreasonably diminishes the risk of price erosion and market share loss due to competition"
Notes Soitec's big premium versus peers
Europe pre-market broker calls:
Abivax -15% to -25%: Obefazimod drug trial data $ABVX
Avolta -4% to -7%: Richemont share placing
BW LPG -5%: Q1 earnings miss
STMicroelectronics +1% to +5%: Raises data center forecast
British American Tobacco -3% to +2%: Reiterates FY guidance
Paragon Banking +1% to +2%: Dividend hike, buyback extended
Barry Callebaut -2% to +1%: Mid-term growth targets
Kering +1%: Appoints McQueen CEO
British Land +1%: Names new CEO
Saab +1%: Wins air defense order
Siemens Energy +1%: Acquires Camlin Group
TeamViewer +1%: Sales issues addressed
Wizz Air +1% to +2%: May traffic up 26%
Chemring -1% to +2%: H1 revenue miss
BP -1%: Backs chair search
Murapol -1%: Overnight share placing
Nokia +1%: AI demand supports semis $NOK
AIM/UK small cap pre-market broker calls:
#AURA Aura Energy +10%: Nuclear funding discussions
#LIKE Likewise +10%: Revenue growth accelerates
#GELN Gelion +10%: Nissan battery partnership
#HEX Helix Exploration +10%: Strong helium results
#SATS Satsuma Technology +10%: Potential capital return
#GBG GB Group -10% to -5%: Higher FY27 investment
#CPP CPP Group -10%: Liquidity concerns persist
#TRP Tower Resources -10%: FY loss reported
#VRCI Verici DX +5% to +10%: Additional AMA codes
#EXR Engage XR +5%: Expects H2 improvement
#MAC Marchal Capital +5%: New senior adviser
#TMO Time Out +5%: Spanish partnership deal
#VSA VSA Capital +5%: Director purchases
#ASIC Sterling Digital +5%: First gas site contract
#ELM Elementis +2% to +5%: Pharma sale, buyback
#GEO Geo Exploration +2% to +5%: Survey completed
#IHC Inspiration Healthcare -5%: Product transfer announced
#CAML Central Asia Metals -3%: Cygnus acquisition proposed
#PANR Pantheon Resources -2%: Farm-out talks continue
#PLSR Pulsar Helium -2%: Exploration investment rises
#CMRS Critical Minerals +2%: Morocco drilling update
#FMET Fulcrum Metals +2%: Encouraging sampling results
#GANA Gana Media +2%: Strategic partnership signed
#GHH Gooch & Housego -1% to +2%: FY expectations unchanged
#GSCU Great Southern Copper +2%: Drilling commenced
#PALM Panther Metals +2%: Encouraging drill results
#POW Power Metal Resources +2%: FY profit growth
#SML Strategic Minerals +2%: Redmoor project progress
#BOKU Boku +1% to +2%: Buyback extended
#CHG Chemring -2% to +2%: FY outlook unchanged
#PAG Paragon Banking -2% to +2%: Dividend hike, buyback extended
#NRR NewRiver +1%: Results meet forecasts
#SQZ Serica Energy -1% to +2%: CMD, guidance reiterated
#IQE IQE +1%: AI demand supports semis $IQE
$SOI -14%
Bank of America calling the valuation "full" can't help
Yet BofA's PT has upside
What else explains the drop?
