June 2026 - Breakouts

#UKSTOCKS #WOSG #UPR #BMY #BOWL #MCON

Introduction

Breakouts for this month!

This screen is run 12 times a year at the beginning of each month, thus providing a monthly view.

If you have not yet seen the full list of screens or the 2026 schedule, here is a link to that original article.

The Breakout Screen

Screen Overview

This screen is available in the Sharescope Filter Library, in fact, in this situation, there are two of them, they’re titled…

• Briefed Up - M01 - Breakouts - 12m

• Briefed Up - M01 - Breakouts - 3m

The reason for two screens in this situation is simply to make the process easy for you to switch between 12 month and 3 month breakouts. In a more bullish environment the 12 month breakout is perhaps more appropriate, to identify the strongest stocks. In a more bearish environment the 3 month breakout would perhaps be more appropriate, to identify stocks which may be leading a recovery.

For those of you needing any orientation with filters, this Sharescope article is very useful, as it also includes details on how to access the library and these filters.

Do remember, for additional help and support, all Sharescope subscribers can book free training sessions here.

Screen Frequency

Every month, on the first Saturday of the month, 12 times a year.

Screen Objective

• Identify stocks that have broken above the high of the 12 month range prior to this month and are still holding that high now (Briefed Up - M01 - Breakouts - 12m), or

• Identify stocks that have broken above the high of the 3 month range prior to this month and are still holding that high now (Briefed Up - M01 - Breakouts - 3m)

PURPOSE - Identify potential momentum plays - Could continue higher.

Screen Settings

Stock Universe Settings

• Market Cap: Default - £10m to No limit - To exclude small illiquid stocks

• Sectors: Default - Exclude “Tobacco”, “Industrial Metals and Mining”, “Precious Metals and Mining”, and “Oil, Gas and Coal” - To exclude sectors I don’t typically invest in

• ISIN Country of Register: Default - Exclude “JP” and “FR” - To exclude these specific foreign registered stocks

Note: My default stock list is always “LSE shares (excluding Investment Trusts (ITs))”.

Base Settings

• For “Briefed Up - M01 - Breakouts - 12m” - Price is higher than the high of the 12 month range prior to this month

• For “Briefed Up - M01 - Breakouts - 3m” - Price is higher than the high of the 3 month range prior to this month

Optional Settings

(To potentially return less results)

• Forecast EPS (for next year) is greater than 0 - Forecast to make a profit next year

• Forecast EPS (for next year) upgrade percentage (in the past 3 months) is greater than 0 - Brokers have upgraded next years earnings forecasts in the past 3 months

June 2026 - Breakouts

I have decided to go with consistency again this month and stick with the “Briefed Up - M01 - Breakouts - 12m” filter. It should show stocks that are holding up particularly well in this environment.

The baseline returns 83 stocks.

This month again, I have not changed the market cap upper limit so that those of you who wish to look into the larger caps on the list can do so. The market cap lower limit default (£10m) has not been changed either.

Again this month, I checked the “Forecast EPS (for next year) is greater than 0” and for a change I have also checked “Forecast EPS upgrade % (in the last 3 months)”.

The above settings reduced the list from 83 stocks to 32.

Settings Used

Stock Universe Settings

• Market Cap: £10m upwards.

• Sectors: Exclude “Tobacco”, “Industrial Metals and Mining”, “Precious Metals and Mining”, and “Oil, Gas and Coal”

• ISIN Country of Register: Exclude “JP” and “FR”

Base Settings

• Price > High between 13m and 1m (ago)

Optional Settings

• Forecast EPS (for next year) is greater than 0 - Checked and set to 0

• Forecast EPS (for next year) upgrade percentage (in the past 3 months) is greater than 0 - Checked and set to 0

Actual Settings

Results

“Our View”

The Top 5, with a market cap less than £2,000m (which is where I typically invest) are WOSG, UPR, BMY, BOWL, and MCON (where I have not already covered them this year).

For KLR, ZIG and GLV see March 2026 Breakouts here.

For RPI, MTRO, FTC and XPP see May 2026 Breakouts here.

For VLX and LUCE see April 2026 Breakouts here.

IDOX is in bid discussions.

For AVG see UK Stock Upgrades - January 2026 here.

For ENSI see UK Stock Upgrades - May 2026 here.

As usual, Paul has kindly allowed me to provide the current view from the Small/Mid Caps with Paul Scott Substack database for the 5 stocks I am covering this month, so here they are…

Members of the Small/Mid Caps with Paul Scott Substack can click here to access details and commentary for the vast majority of all of the stocks from the above results. The full history for most UK stocks is available via the the new Small/Mid Caps Value Report Search App, which covers over 18 months of updates in some cases.

For example, here are the last five (of eight) Small/Mid Caps Value Report Search App entries for WOSG…

Note: As well as the five daily analysis table entries, the two main articles for WOSG in February this year and September last year, which can be accessed by clicking on the link within the app.

Members of the Small/Mid Caps with Paul Scott Substack get:

• Access to the complete history, and current view, of over 800 UK stocks via the Small/Mid Caps Value Report Search App

• Main section articles on over 250 of those UK stocks

• Morning RNS announcement analysis, out before the market open

• Daily analysis of up to 30 stocks a day, even more on very busy news days

• Exclusive interviews

• Up to 5 podcasts a week. and a weekly update video

• Access to an active and growing community of UK investors, where participation is encouraged

• A team (which includes me) with almost 100 years of joint investing experience, focused on delivering the best coverage of the UK stock market

My Commentary

Watches Of Switzerland (WOSG) - Luxury watch and jewellery retailer: Via a showroom network, mainly across the UK and USA. I quite like this, it’s on an undemanding forward PER of around 15x and it trades at half the price of its 2022 highs. Not only that, revenues are forecast to be 50% higher than back then and there are less shares in issue now. Any return of demand in the luxury watch sector could see a decent tailwind kick in here.

Uniphar (UPR) - International healthcare services provider: Specialises in wholesale, hospital services, and retail pharmacy across Europe. I don’t know very much about this company at all and a quick look at the basic numbers doesn’t make me want to look much further. I am being asked to pay a mid to high teen PER for a company that is forecast to grow earnings by less than 10% per annum over the next 3 years. There is only a tiny yield (<1%) and margins are nothing to write home about either. Perhaps there’s a big “moat” here or some USP but on the numbers alone, it seems priced about right at best.

Bloomsbury Publishing (BMY) - Independent global publisher: Academic, educational, general fiction (Harry Potter and Sarah J. Maas) and non-fiction. Sarah J. Maas is gaining teenage and young adult fans every day, numerous new Harry Potter fans are born every day, and there’s the academic and educational side of the business too. I like the business much more than when it was mostly reliant on Harry Potter. This is a decent breakout with the shares up 35% YTD, however, after a quick look at the earnings forecasts and the current valuation, on a mid-teen PER, it looks priced about right to me for now.

Hollywood Bowl (BOWL) - Tenpin bowling centers: The largest in the UK (Hollywood Bowl) and Canada (Splitsville). Lots to like here and I actually covered the H1 results on the Small/Mid Caps with Paul Scott Substack this week, here is a link. In summary, doing well, an ambitious self-funded roll-out plan, PER of 13x or so (now), a 5% yield, and a proven management team, looks too cheap.

Mincon (MCON) - Irish-based founder-led engineering group: Specialises in high-quality rock drilling tools and equipment. Recovering well from the lows of last year but it’s not cheap on a forward PER of 18x (FY 12/26). However, if it meets forecasts, as margins improve, that valuation would drop to 13x in a couple of years. I don’t really have a view either way here as it’s up against a lot of macro, with headwinds it struggles, with tailwinds it probably beats expectations.

Summary

The Small/Mid Caps with Paul Scott Substack

If you are not already a subscriber to the Small/Mid Caps with Paul Scott Substack and are interested in a 1 week FREE trial, click here to access all of the features mentioned above.

Sharescope

If you are not already a subscriber to the excellent Sharescope software we use every day over at the Small/Mid Caps with Paul Scott Substack, click here for the Small/Mid Caps with Paul Scott Substack deal and get:

• A discount to the annual subscription fee

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Thank You

If you have any suggestions for improvement, or any feedback at all, do please leave a comment.

Thanks for reading, and see you in the next one!

IMPORTANT NOTE: It is vital that you check all figures in this article for yourself, as they may be inaccurate or may have changed since publication.

MORE IMPORTANTLY: No investment advice intended, for information only, I may hold all, some, none, of the stocks mentioned in this article - Do Your Own Research!

Jon