Small Cap Value Report (Thu 14 Dec 2023) - BEG, CPI, STEM, CURY, ENSI, MMAG

Good morning from Paul amp; Graham!
US interest rates - interesting news overnight, from the US central bank, indicating the likelihood of 3 interest rates cuts (of 0.25% each) in 2024, because inflation is now largely under control, albeit still above the arbitrary 2% target.  This helped power the Dow to a new all-time high. It seems like a different world to UK small caps! Although looking at some of the early risers this morning here in the UK, I can see quite a few are interest-rate sensitive, highly geared companies like Mobico (LON:MCG) and S4 Capital (LON:SFOR) - maybe we'll see a dash for trash, as investors worry less about high gearing? Who knows. 

Explanatory notes -
A quick reminder that we don’t recommend any stocks. We aim to review trading updates amp; results of the day and offer our opinions on them as possible candidates for further research if they interest you. Our opinions will sometimes turn out to be right, and sometimes wrong, because it's anybody's guess what direction market sentiment will take amp; nobody can predict the future with certainty. We are analysing the company fundamentals, not trying to predict market sentiment.