Good morning! It’s Paul here.
Remarkably buoyant market conditions continue. I really don’t know what to make of it. So many smaller company shares are going through the roof at the moment. It feels too good to be true, but I really don’t know whether I should be running my winners, top-slicing, or moving into cash?
I’m struggling to remember any similar time, in my investing career (c. 20 years) where mine (and other peoples’) portfolios seem to go up almost every day, for weeks amp; months on end. Personally I’ve hardly top-sliced anything. I’m letting the winners run. Providing companies keep putting out sufficiently positive newsflow to justify an aggressive valuation, then in a bull market arguably one should just go with the flow.
It’s going to end in tears at some point, we just don’t know when!
Anyway, there’s loads for me to get through today, so here goes.
K3 Business Technology (LON:KBT)
Share price: 154p (down 38.3% today)No. shares: 36.0mMarket cap: £55.4m
Trading update (profit warning) – bad luck to shareholders here.
This company seems to be a software reseller (mainly Microsoft products), describing itself as;
K3, which provides mission…
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