Henry Viola-Heir @htviolaheir.bsky.social · 29/09/2026S&U (#SUS) has published their interim results indicating: ✅️ Revenue +11% to £57.3m ✅️ Pre-tax profit +0.6% to £15.7m ✅️ Earnings per share +1.3% to 96.8p I continue to hold. 030
Henry Viola-Heir @htviolaheir.bsky.social · 26/09/2026Revenue down 21%. Earnings sharply lower. Difficult markets across several businesses. I look beyond the headline numbers to ask whether Judges Scientific's (#JDG) long-term investment thesis has actually changed. capitalledger.co.uk/judges-scien... 020
Henry Viola-Heir @htviolaheir.bsky.social · 25/09/2026🌟 #TWINPETESINVESTING 188 now live 🌟 Tune in to hear @conkers3 and I exploring potential winning opportunities on AIM including #LIKE #RGG #CHRT #EGT #IQE #MAC #GPP and more! Please remember to like, subscribe and comment 🙏 youtu.be/CB1h9bFHpDo?...youtu.beFinding Winning Opportunities on AIMYouTube video by Conkers Corner 020
Henry Viola-Heir @htviolaheir.bsky.social · 23/09/2026Judges Scientific (#JDG) H1 results are ugly. ❌️ Revenue -21% ❌️ Adjusted PBT -75% ❌️ Adjusted EPS -72% ❌️ Net debt higher And yet full-year guidance is unchanged. That makes the recovery in orders the most important number in today’s update. 140
Henry Viola-Heir @htviolaheir.bsky.social · 19/09/2026Central Asia Metal's (#CAML) Cygnus acquisition has cleared another hurdle. The issue now is what this makes the company: a dependable cash-generative miner acquiring a potentially valuable growth pipeline, but also accepting materially more development risk. I continue to hold. 010
Henry Viola-Heir @htviolaheir.bsky.social · 05/09/2026A design win isn't a sale but it is a customer decision that can shape years of future revenue. Here's how I think about their value as a long-term investor. capitalledger.co.uk/what-is-a-de... 000
Henry Viola-Heir @htviolaheir.bsky.social · 04/09/2026🌟 #TWINPETESINVESTING 187 now live 🌟 Tune in to hear @conkers3.bsky.social and I exploring potential winning investment trust opportunities including #BRWM #IBT #PSH #HSL #INPP #MUT and more! Please remember to like, subscribe and comment 🙏 www.youtube.com/watch?v=hXoi...youtube.comINVESTMENT TRUSTS: FINDING WINNING OPPORTUNITIESYouTube video by Conkers Corner 011
Henry Viola-Heir @htviolaheir.bsky.social · 01/09/2026A firm offer has arrived for Gamma Communications (#GAMA) from Epiris at 1120p. A relatively new holding added in June with potential for a counter offer from Waterland. I continue to hold. 250
Henry Viola-Heir @htviolaheir.bsky.social · 26/08/2026Central Asia Metals (#CAML) has published their interim results for the six months ended 30th June indicating: ✅ Revenue +46% to $145.5m ✅ EBITDA +89% to $75.5m ✅ Pre-tax profit +203% to $59.3m ✅ Adjusted free cash flow +189% to $46.8m I continue to hold. 110
Henry Viola-Heir @htviolaheir.bsky.social · 21/08/2026🌟 #TWINPETESINVESTING 186 now live 🌟 Tune in to hear @conkers3.bsky.social and I with GUEST STAR Charlie Huggins discussing how to find exceptional quality companies including #CPG #DGE #NXT #SPX $COST and more! Please remember to like, subscribe and comment 🙏 youtu.be/ZFkv9VmF0Uw?...youtu.beA QUALITY INVESTING MASTERCLASS with former FUND MANAGER, CHARLIE HUGGINSYouTube video by Conkers Corner 031
Henry Viola-Heir @htviolaheir.bsky.social · 19/08/2026Encouraging results from NEW HOLDING Oberon Investments (#OBE) but profitability remains elusive. FY26 revenue +25% to £11.7m and FUMA has risen above £1.65bn but the EBITDA loss widened to £2.8m. Management is guiding for >£14m revenue in FY27. 110
Reposted by Henry Viola-Heirconkers3.bsky.social @conkers3.bsky.social · 17/08/2026#XPP🆙 +5%✅£18.46✅ @htviolaheir.bsky.social & I discussed the potential of $XPP during the latest episode of the #TwinPetesInvesting podcast. ✅As $NVDA' Jensen Huang stated "The amount of energy we need for computing is probably 1000x what we currently have today!" bsky.app/profile/htvi... 011
Henry Viola-Heir @htviolaheir.bsky.social · 15/08/2026Record revenues, rising orders and £129m of design wins are encouraging. But the more important question is whether Concurrent Technologies (#CNC) is building a business capable of compounding value for years. capitalledger.co.uk/concurrent-t... 010
Henry Viola-Heir @htviolaheir.bsky.social · 13/08/2026Secure Trust Bank (#STB) has published their H1 trading update indicating: ✅️ Adjusted pre-tax profit +9.4% to £31.3m ✅️ Adjusted EPS +12.7% to 126.4p ✅️ CET1 ratio +140bps to 14.3% I continue to hold. 020
Henry Viola-Heir @htviolaheir.bsky.social · 07/08/2026🌟 #TWINPETESINVESTING 185 now live 🌟 Tune in to hear @conkers3.bsky.social and I discuss the UK as more than just a "cheap market" with companies including #RR. #XPP #TRST #TPK #HILS #LLOY and more! Please remember to like, subscribe and comment 🙏 youtu.be/AJVq2um1ruo?...youtu.beBeyond Cheap: The New Investing Case for UK EquitiesYouTube video by Conkers Corner 011
Henry Viola-Heir @htviolaheir.bsky.social · 06/08/2026TP ICAP (#TCAP) has published their half year review indicating: ✅️ Revenue +8% to £1.29bn ✅️ Pre-tax profit +10% to £135m ✅️ Earnings per share +7% to 14.3p I continue to hold. 030
Henry Viola-Heir @htviolaheir.bsky.social · 05/08/2026A reassuring update from Legal & General (#LGEN) indicating: ✅️ Core operating profit +7% to £918m ✅️ EPS +11% ✅️ Asset Management earnings +37% ✅️ Solvency II ratio steady at 201% I continue to hold. 170
Henry Viola-Heir @htviolaheir.bsky.social · 31/07/2026The first half of 2026 was less about finding new ideas and more about improving how I steward capital including exiting weakening convictions, increasing exposure to quality compounders, and refining my portfolio framework. capitalledger.co.uk/half-year-po...capitalledger.co.ukHalf-Year Portfolio Review 2026 | Capital LedgerMy 2026 half-year portfolio review; reallocating towards quality compounders, refining portfolio sleeves and holding more cash. 020
Henry Viola-Heir @htviolaheir.bsky.social · 30/07/2026Alfa Financial Software (#ALFA) has published their H1 trading update indicating H1 Revenue +4% to £65.1m and strong operational momentum. I continue to hold. 020
Henry Viola-Heir @htviolaheir.bsky.social · 28/07/2026Journeo (#JNEO) has published their six month trading update indicating: ✅ Group revenue +53% to £37.6m ✅ Adjusted pre-tax profit +10% to £3m ❌ Cash balanced -30% to £12.6m ✅ Sales pipeline +250% to £200m I continue to hold. 021
Henry Viola-Heir @htviolaheir.bsky.social · 24/07/2026🌟 #TWINPETESINVESTING 184 now live 🌟 Tune in to hear @conkers3.bsky.social and I interview SPECIAL GUEST Wayne Grossman DipPFS about his extensive career encompassing FX trading, commodities, and market making! Please remember to like, subscribe and comment! www.youtube.com/watch?v=Hz3K...youtube.comCOMMODITIES, FX TRADING & STOCKS with former MARKET MAKER, WAYNE GROSSMAN DipPFSYouTube video by Conkers Corner 030
Henry Viola-Heir @htviolaheir.bsky.social · 21/07/2026Mony Group (#MONY) has published a six month trading updating indicating reasonable revenue growth, offset by deteriorating acquisition economics. ✅ Revenue +1% to £227m ✅ Basic EPS +4% to 8.9p ❌ Net debt +73% to £32m ❌ Operating Cashflow -17% to £36m I continue to hold. 130
Henry Viola-Heir @htviolaheir.bsky.social · 16/07/2026A strong Q3 trading update from Diploma (#DPLM) indicating: ✅️ Organic growth accerelating to +15% ✅️ Operating margin +1.5% to 26.5% ✅️ Operating profit +42% ✅️ Further upgrades to FY guidance I continue to hold. 010
Henry Viola-Heir @htviolaheir.bsky.social · 16/07/2026A positive trading update from Experian (#EXPN) indicating total gowth across their portfolio of circa 8%, 7% organic. I continue to hold. 000
Reposted by Henry Viola-Heirconkers3.bsky.social @conkers3.bsky.social · 10/07/2026🔥 #TWINPETESINVESTING Podcast 183: HOW TO SPOT THE UK'S NEXT BREAKOUT SHARES. #CMCX #KLR #GDWN #GAW #PRV #DFCH #IXI #SPI #TAKEOVERS #DIVIDENDS #STOCKS AHEAD OF EXPECTATIONS. 🎟️ investorsummit.co.uk/tickets 🎟️ youtu.be/LBdGOoyrnag?... www.conkers3.com/twin-petes-i... open.spotify.com/episode/4k8r... 2541
Henry Viola-Heir @htviolaheir.bsky.social · 13/07/2026Concurrent Technologies (#CNC) has published a positive H1 trading update indicating: ✅️ Revenue +10% to £23.1m ✅️ Pre-tax profit +22% to £3.3m ✅️ Order intake +110% I continue to hold. 020
Henry Viola-Heir @htviolaheir.bsky.social · 10/07/2026🌟 #TWINPETESINVESTING 183 now live 🌟 Tune in to hear @conkers3.bsky.social and I discuss how to find potential future UK breakout investments including #CMCX #KLR #GDWN #IXI #SPI and more! Please remember to like, subscribe and comment! www.youtube.com/watch?v=LBdG...youtube.comHOW TO SPOT THE UK'S NEXT BREAKOUT SHARESYouTube video by Conkers Corner 011
Henry Viola-Heir @htviolaheir.bsky.social · 07/07/2026Another placing and retail offer for Ensilica (#ENSI) who have raised approximately £14m from institional investors to fund a "substantial" forward pipeline of opportunities. Recently trimmed at 118p, considering adding a little more at the 91p offer price. 020
Henry Viola-Heir @htviolaheir.bsky.social · 28/06/2026New essay: Why Keep an Investment Ledger? Serious investors need records. A ledger protects against selective memory and emotional revisionism. Good investing is not just forecasting. It is judgement, and judgement compounds best when it is written down. capitalledger.co.uk/investment-l... 020
Henry Viola-Heir @htviolaheir.bsky.social · 26/06/2026🌟 #TWINPETESINVESTING 182 now live! 🌟 Tune in to hear @conkers3.bsky.social and I discuss how companies including #RR. #DPLM #RFX #IHG #TEP #JDG #HLMA #BNZL utilise profits for #growth Please remember to like, subscribe and comment 🙏 www.youtube.com/watch?v=H3fI...youtube.comWHAT SHOULD COMPANIES DO WITH THEIR NEXT POUND?YouTube video by Conkers Corner 031
Henry Viola-Heir @htviolaheir.bsky.social · 24/06/2026Gamma Communications (#GAMA) looks to have lost another potential bidder as Providence now walk away. Interestingly, this was almost immediately followed by an unsolicited RNS from Epiris confirming that they are still considering their options. 110
Henry Viola-Heir @htviolaheir.bsky.social · 23/06/2026Ensilica (#ENSI) has published a trading update indicating: ✅ Revenue +51% to £27.5m ✅ Cash +275% to £7.5m ✅ Lifetime supply revenue +50% to $375m I continue to hold. 040
Henry Viola-Heir @htviolaheir.bsky.social · 22/06/20261/ Railpen has announced a possible offer for one of my new holdings, IP Group (#IPO). The proposal values IP Group at a headlime value of 69.7p per share, potentially rising to 74.7p. 130
Reposted by Henry Viola-HeirBrokenBanker @brokenbanker.bsky.social · 20/06/2026while the author of this piece correctly notes some UK small caps are garbage, he does a disservice to the UK retail investing community by failing to mention the significant number of good quality UK small & mid caps, and the experienced investors who buy those instead: www.ft.com/content/2c57...ft.comUK investors need to stop buying rubbish stocksRetail investors who back the wrong companies for the wrong reasons are helping to kill the London market 3121
Henry Viola-Heir @htviolaheir.bsky.social · 20/06/2026A very generous gift arrived from long-time #TwinPetesInvesting supporter Terry Vaughan this week. A stack of books covering market history, governance, business and investing wisdom. Many thanks, Terry. Which one should I read first? 📚 #Investing 020
Henry Viola-Heir @htviolaheir.bsky.social · 12/06/2026 #TWINPETESINVESTING 181 now live! 🌟 Tune in to hear @conkers3.bsky.social and I discussing non-tech #AI investing opportunities including $CEG #SIE #CNA #NG. #RPI #SGE #CCC and more! Please remember to like, subscribe and comment 🙏 youtu.be/RlmGnmRZho8?... 010
Reposted by Henry Viola-Heirconkers3.bsky.social @conkers3.bsky.social · 29/05/2026🔥 #TWINPETESINVESTING #Podcast 180: A CAPITAL MARKETS & RETAIL ACCESS MASTERCLASS w/ JOE WINKLEY, HEAD OF CAPITAL MARKETS at WINTERFLOOD. #InvestmentsTrusts #Stocks #Gilts #Bonds $MRX #Investors #Ai & more www.conkers3.com/twin-petes-i... open.spotify.com/episode/1e3n... youtu.be/x4pRlAgpFt4?... 2231
Henry Viola-Heir @htviolaheir.bsky.social · 10/06/2026The old LSEG portfolio functionality is being discontinued from the 20th June but is being replaced by the rather whizzy (and free) "SparkLive" (sparklive.lseg.com). Well worth taking a look as it combines RNS updates with company events!sparklive.lseg.comSparkLive | London Stock Exchange 010
Reposted by Henry Viola-HeirDuncan Weldon @duncanweldon.bsky.social · 02/06/2026I get two types of email about the SpaceX IPO. Newsletters from Bloomberg, the FT, etc asking if this is the biggest bag carrier exercise in history & bemoaning changes to the listing rules and emails from brokers telling me how to register and take part. 1426
Henry Viola-Heir @htviolaheir.bsky.social · 02/06/2026Central Asia Metals (#CAML) is acquiring Cygnus Metals Limited in an all-share deal valuing Cygnus at ~A$232m. Cygnus shareholders receive 0.06 new CAML shares per Cygnus share. 130
Henry Viola-Heir @htviolaheir.bsky.social · 29/05/2026🌟 #TWINPETESINVESTING 180 now live! 🌟 Tune in to hear @conkers3.bsky.social and I interviewing the hugely experienced Joe Winkley of Winterflood on the world of capital markets, IPOs, and retail access. Please remember to like, subscribe and comment 🙏 www.youtube.com/watch?v=VTA-...youtube.comA Capital Markets & Retail Access Masterclass w/ Joe Winkley, Head of Capital Markets at WinterfloodYouTube video by Conkers Corner 041
Henry Viola-Heir @htviolaheir.bsky.social · 23/05/2026New on Capital Ledger UK Housebuilders: When Conviction Gives Way to Hope A reflection on Persimmon, Vistry, Taylor Wimpey and Michelmersh and the point at which long-term patience begins to look uncomfortably like hope. capitalledger.co.uk/uk-housebuil... 110
Henry Viola-Heir @htviolaheir.bsky.social · 20/05/2026Strong trading update from S&U (#SUS) indicating group profitability "ahead of expectations and budget". Lending rates and quality increasing, the latterbdescribed as "very good". I continue to hold. 010
Henry Viola-Heir @htviolaheir.bsky.social · 20/05/2026NEW HOLDING opened in Q2, Experian (#EXPN) has delivered their FY26 update indicating performance at "upper end" of expectations: ✅️ Revenue +12% to $8.4bn ✅️ Pre-tax profit +26% to $1.9bn ✅️ Earnings per share +29% to 164.5c ✅️ Margin expansion "above expectations" 040
Henry Viola-Heir @htviolaheir.bsky.social · 19/05/2026NEW HOLDING opened in Q2, Diploma (#DPLM) has published their H1 trading update indicating: ✅Organic revenue growth +15% ✅Operating margin of +3% to 24.5% ✅Earnings per share +36% Quality and diversity of portfolio and resilient business model underpin forward confidence. 030
Henry Viola-Heir @htviolaheir.bsky.social · 15/05/2026#TWINPETESINVESTING episode 179 now live! Tune in to hear @conkers3.bsky.social and I discussing potential investing opportunities hiding in plain sight including #BA. #QQ. #GRG #ABDN #PCTN #LMP #SREI and more! Please remember to like, subscribe and comment 🙏 www.youtube.com/watch?v=Ha4L...youtube.comInvesting Opportunities with Winning PotentialYouTube video by Conkers Corner 020
Henry Viola-Heir @htviolaheir.bsky.social · 14/05/2026Secure Trust Bank (#STB) has published their Q1 trading update indicating net lending up 6.6% and deposit down 6.6% Y-o-Y. Business on track to commence share buybacks. I continue to hold. 030
Henry Viola-Heir @htviolaheir.bsky.social · 14/05/2026Aviva (#AV.) has published their Q1 trading update indicating: ✅️ Insurance premiums +9% to £3.4bn ✅️ Net wealth inflows of £3.3bn ✅️ Wealth AuM +18% to £233bn ❌️ Solvency II ratio -9pp to 171% I continue to hold. 020
Henry Viola-Heir @htviolaheir.bsky.social · 13/05/2026A strong Q1 trading update from TP ICAP (#TCAP) indicating record revenue of £689m, a 13% increase year-on-year. I continue to hold 020
Henry Viola-Heir @htviolaheir.bsky.social · 13/05/2026Vistry Group (#VTY) has published a trading update indicating a challenging Q2 and highlighting "increasing macroeconomic uncertainty". Trading seems subdued with the forward order book sat dowj slightly at £4.5bn of which £2.3bn is due in the current year. I continue to hold. 030
