Wow! This is so illiquid I can see your trades because there's only one or two a day. I'm guessing you paid 122.6p The spread is about 17% which I would call extremely wide! I take my hat off, this is proper value investing, not for widows and orphans.
Yes that was me. I'm not usually put off by a large spread as long as I think there is enough upside to justify investing. I'm also quite a small investor so liquidity is rarely a problem for me.
Anyway there's been some results from some of the companies discussed here.
Firstly Headlam reported last week and as expected they roughly broke even before the goodwill write off. There is no dividend but sales seem to be improving and I still think the current price will prove to be cheap in time.
https://www.investegate.co.uk/headlam-g ... 00068771X/
Secondly Flowtech Fluidpower has reported this morning and once again they are operating at about breakeven but managed to pay down debt somewhat due to better working capital management. Once again there is no dividend. This is another one I feel will prove cheap in time once the benefits of the substantial restructuring are felt and the economy returns to more normal times.
https://www.investegate.co.uk/flowtech- ... 00082825Y/
Finally STM has reported this morning and the results are pretty good all things considered. They have remained profitable but margins have come under pressure and new business is proving slower than hoped for. They are still paying a 0.55p dividend, down from last year but the balance sheet remains rock solid and they are in the market for more acquisitions. I believe these are very cheap at the current price although the market doesn't like the results and the price is down somewhat this morning.