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Home » UK Shares » Three Quick Facts » Three Quick Facts: Best of the Best, N Brown Group and Jaganda Mines

Three things you need to know in the financial markets this morning from investment writer, Tony Cross.

Best of the Best

Full year results are out from Best of the Best [LON:BOTB] today. The company used to raffle off sports cars in high footfall locations such as airports and shopping centres, so COVID knocked a big hole in that strategy but their decision to move away from this model some time back and focus on a digital only approach has certainly been well timed. What’s more it has delivered the results, with revenues for the 12 months to 30th April exceeding £45m, up from around £18m a year earlier. That said, the company has noted a reduction in customer engagement since the end of the last lockdown – sustaining this run rate may be difficult.

N Brown Group

There’s a note out from N Brown Group [LON:BWNG] this morning regarding a legal tussle it is currently involved in. The counterparty has now made a further application to the court which seeks to increase the scope of its original claim by as much as a further £36m. Owing to the complexities of the case and the uncertainty over any financial outcome, no provision for the liability has been made in the latest accounts.

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Jaganda Mines

AIM listed natural resources play Jaganda Mines [LON:JAN] has updated resource estimates at its wholly owned Brazilian project. The uplift is significant – some 221% higher on a ‘measured and indicated resources’ basis. This increases confidence in the project, so the potential for a consequent reaction in the share price will be worth following. The stock is already up by around a factor of four over the last 12 months.

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This article is not investment advice. Investors should do their own research or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

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