Factset $FDS looks interesting here. Market is concerned about AI risk but I'm struggling to see evidence of this and at 15x forward PE it seems very attractive for a ~30%+ margin business with 95% retention.

#kitw $kitw.ln
I need help understanding the debt situation here. Management don't offer a proper calc of free cashflow (fcf) and in one of the slides seems to mislead free cashflow generation. Working capital has soaked up cashflow in the last several years so fcf is fairly depressed

#wosg $wosg.l
I get this trading on a free cashflow yield of 15% if you adjust for the one off working capital impact linked to suppliers reacting to tariffs which is expected to revert

Seems very attractive given growth initiatives here

I get #motr $motr.ln on a 8% fcf yield on today's numbers with good growth ahead of it. Has been a painful ride but management has managed costs well and even managed to do some buy backs. Now resuming growth

#motr up nearly 15% since it scrapped the 25% adv limit on buy backs...

#Wosg $wosg.l $wosg.ln

Bought this in the last few trading days. Saw in the RNS today that some execs exercised options yesterday at pretty much the day low.

Is this like shooting the arrow and then drawing the target around it? Or is it all legit?

#dom $dom.l
Like for like rev growth improving slowly from a weak position. Clearly suffering in a high cost of living climate but being innovative to deal with challenge. Adjusted eps strong helped by buybacks but they need to continue the rev growth

#BTRW $BTRW.L #VTY $VTY.L
Have been watching the falling knife for a while now but couldn't resist buying some UK homebuilders this week. Never owned them before so could be an expensive lesson
Seems to be trading at or below tang book with the prospect of falling rates

#dom $dom.l at c9% fcf yield and growing modestly. Strong operationally focused CEO (joined mid 2023). Growth from better like for like sales and shorecal acquisition contributing. Shame that buy backs have stopped recently.

#sbre $sbre.l
Added to ahead of capital markets day on the 5th Dec. Hoping this will be a positive catalyst for the shares. Market fears a weak pricing environment but sbre's last update showed expectations of growing premiums. ForP/E 7.5, forDiv yield could be approaching 8-10%

Thoughts?

I've been long and wrong on $motr.l #motr for several years now. I remain bullish on their business model but they are clearly under pressure with higher rates (double impact on customer demand and cost of holding inventory)

$WISE.L $WISE

From the recent call, this stood out to me. CEO showing clear confidence that eventually all the large banks will have to be following Standard Chartered. If they get anywhere near this, Wise's platform presumably gets viewed as critical bank infrastructure?

$wtw coming to the end of their 3 year financial targets. Look to be on track for 3 out of 5.

they are taking actions to improve margins (eg sale of Tranzact) but at 18% are still well behind $Aon (24%) and $MMC (27%)

$IRES.IR good update from them today. New CEO setting out good evidence which should help close the discount. Sold 37 assets at a healthy premium to book. Expect to sell a further 50 next year at 15-20% premium. Stock trades at 30% discount.

otp.tools.investis.com/clients/uk/i...