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SPEC

SPEC

Inspecs – interims argue “a reasonable expectation that the group will meet its guidance for the full year”. But how ‘reasonable’ is that?…

Describing itself as “a leading designer, manufacturer, and distributor of eyewear”, Inspecs Group (SPEC) has announced its results for the first half of the 2025 calendar year and that “the growth in our order books and increased cost savings are expected to deliver a stronger performance in the remainder of the year”. How do those compare to the valuation with a share price currently 7% lower in response at 40p?

SPEC

Inspecs – 2024 results argue “confidence in delivering on market expectations for 2025”, but what’s its confidence resulted in previously?…

Describing itself as “a leading designer, manufacturer, and distributor of eyewear”, Inspecs Group (SPEC) has announced results for the 2024 calendar year headlined “Focused on delivering operational efficiencies and strategic execution; introduction of medium term targets”. However, a focus on the “medium term” tends to mean the near term isn’t good and so what of the results announcement?

SPEC

Inspecs – “board has decided to start a process of enhancing its governance structures”. Er, you listed on AIM in 2020!

Describing itself as “a leading designer, manufacturer and distributor of eyewear”, Inspecs Group (SPEC) has announced that Robin Totterman is to step down as Executive Chair of the board and that “the board has also determined that it will undertake a full review of its balance and composition. In undertaking that review, the board will take full account of generally accepted principles of good corporate governance”. Er, the group has been listed on AIM since 2020 though – so what of this?

SPEC

Inspecs – 2023 results state “continuing to perform well”. Er, what about the end of year profit warning?!

Describing itself as “a leading designer, manufacturer, and distributor of eyewear”, Inspecs Group (SPEC) has announced results for the 2023 calendar year including noting that it “delivered record sales” and that “the progress that we have made in 2023 is now delivering increased distribution of our brands to both key accounts and our independent markets. Whilst consumer markets in Europe remain subdued, our businesses are continuing to perform well”. With the shares currently responding up to above 50p, just how well is it “continuing to perform”?

SPEC

Inspecs – after three months ago “with our current order book the board remains confident”, a profit warning!…

“Full Year Trading Update” announcement today from eyewear group Inspecs (SPEC) seemingly should have been of little concern after an update three months ago noted “a solid trading performance… in line with our expectations… and, notwithstanding the ongoing macroeconomic uncertainties, with our current order book the board remains confident of delivering full year results in line with market expectations”. So what of a current share price down to 62.5p?

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PHIL5566
PHIL556621 Sep 2026
Learning a dead language or listening to religious blarney. The choices!Good luck with finding the best school.
Tom Winnifrith Bearcast: Learning Welsh or having a monthly Church lecture on the poor Palestinians and blessed asylum seekers
PHIL5566
PHIL556621 Sep 2026
These groups in Ethiopia seem somewhat like the Provisional IRA, 36 years attacking the UK. Even after the 2005 ceasefire splinter groups have emerged.The UK just carried on. Just with higher security.These groups in Ethiopia could carry on for years, all it will do is further impoverish the country and the areas they operate in further. That is how war works in Africa perhaps everywhere. If guns were freely available in the UK, I really could see it here, luckily only the criminals the police and farmers and a few others have access to guns.I could see the far left using them against the middle of the road reform and restore but the left would only use them in the name of peace.Enough talking bollocks and back to Kefi.I thought about another 750,000 this morning, but that is the money to see me through to Christmas and I thought if I told the mrs we were just having soup till Christmas, I would be in trouble.These things often come in threes so one more lot of bad news and I might buy, plus I will have had some more dividends by then. If they fly before I have the cash I am quids in anyway.So much to think about and so much to weigh. The same i imagine for every investor.Now down £1900 on kefi in my sipp but up £800 on AMRQ. These are the only two non dividend stocks in my SIPP. Just waiting for the first dividend from AMRQ,next year maybe. KEFI perhaps three years or never.Shares, pension so exciting but no one else knows!
New, or not so new, anti Government alliance in Ethiopia – am I panicking about Kefi? No.
KEVINHAYES
KEVINHAYES21 Sep 2026
Steve - nice write up, and congrats if you took this at 27p!It seems to have plateaued for the last week at a new level, 32p / £15.5m MCAP.Are you seeing much more upside in Empresaria Group #EMR from here?
Empresaria – a “first half-year growth for the group since 2022”, recovery potential?
DAVID FRASER
DAVID FRASER21 Sep 2026
England may be struggling a bit but this speech is pertinent to the US which is more corrupt than it ever has been thanks to the orange retard. America’s suicide will radiate out and infect everyone else in the not distant future. That is why gold is where the near future looks safest.
Today’s Ayn Rand quote, tell me it’s not true
SSCCBA
SSCCBA21 Sep 2026
Was there any colour on the settlement case with Kosovo? Been a long time since we heard the lawyers were dealing with it.
Tom Winnifrith Bearcast: Learning Welsh or having a monthly Church lecture on the poor Palestinians and blessed asylum seekers
TOM
TOM21 Sep 2026
i think he did and put fagash in his place but fagash reckons he won hands down
Tom Winnifrith Bearcast: Learning Welsh or having a monthly Church lecture on the poor Palestinians and blessed asylum seekers
EASYASOT3
EASYASOT321 Sep 2026
Both the size (in active soldiers) and strength/power are useful metrics. Multiple sources may help people decide on what the actual situation is.
New, or not so new, anti Government alliance in Ethiopia – am I panicking about Kefi? No.
TOM
TOM21 Sep 2026
business insider says largest No 1The first link is ranking something completely different, not size of armyTRT has numbers totally out of kilter with everyone else3rd link also ranking something differentDont you check the gibberish you post or do you just have a screw loose?
New, or not so new, anti Government alliance in Ethiopia – am I panicking about Kefi? No.

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