Financials Recent news Acquisition Dignity has approved a £281 million acquisition proposal from a consortium supported by investment firms SPWOne from Dignity PLC 2023 Credit Review

We first looked at AMPIL (AMP Clean Energy) in December 2022, club members can find our detailed piece here: https://www.europeanhighyield.online/aggregated-micro-power-infrastructure-2-plc-ampil2/. from AMPIL2 (AMP Clean Energy Update)

H1’23 Credit Summary Key credit risk is the scale of Credit Card receivables. Vanquis Operating Performance Income Summary Vanquis generated from Vanquis Bank Credit Review H1’23

H1’23 Credit Summary CoOp Bank Operating Performance Income Summary Critically, CoOp bank continues to generate internal capital through profits. In from CoOp Bank Credit Review H1’23

Credit Summary International Personal Finance (“IPF”) Business origination in consumer credit and underlying performance in FY’22 remains robust. The European from International Personal Finance IPFLN FY’22 Update

CREDIT SUMMARY Performance at John Lewis in 2023 was not as sound as investors had expected. Revenues were down 2.8% from John Lewis Credit Update July 2023

Credit Summary CoOp Bank Operating Performance Income Summary Critically, the CoOp Bank has managed to rectify the losses incurred over from Co-Operative Bank Quick Take

IOG was out yesterday with a H1 23 operational update. The operational update provide a confirmatory update on gas flow from IOGLN, H1 2023 Operational Update

Credit Summary Strong underlying performance from Iceland in the FYE’2023, with sales up to nearly £4Bln. Inflation has been the from Iceland Q4’23 Operating Performance Credit Update

Introduction: Independent Oil & Gas is a North Sea gas producer with rights to six gas fields in the Southern from Independent Oil & Gas (IOGLN)

Summary Esure is a well established UK Motor Insurance provider, with a 4-5% market share, but with a very strong from Esure: Q4 2023 Update

Credit Summary The service-oriented core deposit franchise experienced ongoing growth in customer numbers during Q1’23. This resulted in the opening from Metro Bank Credit Review Q1’23

CREDIT SUMMARY Shawbrook Group (“Shawbrook”) has performed well over the past 4 years. Growing assets to £14Bln from £8.2Bln in from Shawbrook Group plc – Q1 2023 Trading Update

Financials Strong topline performance as UK pubs remain resilient in H1’23. Stonegate has been hit with increased inflationary costs, as from Stonegate Pubs Q2’23 Credit Update

Disclaimer This document is provided for information purposes only. The information and analysis contained in this document were compiled or arrived from FORD CREDIT REVIEW & OUTLOOK JUNE 2023

Business Description: Advanz Pharma is a specialty pharmaceutical company, focused on managing a portfolio of drugs. The company acquires product from Advanz Pharma (ADVZCN)

Operating Performance LFL revenue growth YoY up 7.8% to £5Bln (ex-fuel). Up 8%, £373m in gross revenue. Fuel sales down from ASDA Q1 2023 Update

Disclaimer This document is provided for information purposes only. The information and analysis contained in this document were compiled or arrived from STELLANTIS N.V. The largest car company you’ve never heard of!

Performance in Q2’23 has remained robust, generating £15m of underlying EBITDA. Revenue amounted to £66.1m, compared to £56.4m in Q2’22, from Punch Taverns still pulling pints through the cost of living crisis in 2023

Not exactly a mini bull run in US Stocks, as further examination illustrates. The S&P500 currently trading at 4,096, and from A mini bull run in the S&P 500? Overvalued or undervalued?