Previously writing on merchandising platform technology group Altitude (ALT), in November with the shares down to 40p I questioned for how long are the “existing needs” for which the remaining loan facility is sufficient and concluded to avoid. The shares most recently closed at 31.5p, but what about they currently up to 36.5p on the back of a trading update?
Previously writing on company describing itself as “a leading provider of native digital advertising services to premium clients in the business, finance and lifestyle sectors” Dianomi (DNM), in September with the shares falling to 47.5p I questioned whether it was “well placed to capitalise on the opportunity ahead”. What about now, with the shares currently at 49p on the back of 2023 calendar year results?
Previously writing on group describing itself as “a leading UK provider of managed IT services and communications solutions to private and public sector organisations” CloudCoCo (CLCO), in November with the shares at 0.95p I wrote “year end trading update” attempts to reassure… but just stating “a key priority” doesn’t mean it will be achieved… currently still avoid/sell. It is today stated “we are pleased that we have been able to secure an extension to the loan notes with MXCG. This, together with the publication this morning of a solid set of results for FY23, will give our staff, customers and suppliers confidence over the immediate future of the business”, so what of a current share price response down from 0.75p to below 0.50p?
Previously writing on company describing itself as a “leading global provider of software and technology to the flexible workspace industry” essensys (ESYS), in January with the shares at 36.5p I concluded including that I suggest the balance sheet position at the company’s half year will be very interesting and, with also adjusted EBITDA being manipulated bullshit earnings, question for long is the “foreseeable future” of the stated “sufficient capital”. The shares most recently closed at 18.25p and what of them currently down to 13.5p on the back of now the results announcement for the company’s half-year ended 31st January 2024?
Previously writing on company describing itself as “a leading innovator in sustainable plant-based polymers used to decarbonise everyday consumer products” Itaconix (ITX), early this month with the shares falling below 200p I concluded including now how’s its ‘has the funds needed to achieve our profitability goal’ statement after also it previously having stated intended “move to being cash generative by 2020”!. So what about today the shares currently up more than 4.5% on a “Launch of two plant-based performance ingredients” announcement?
Previously writing on company describing itself as “a leading bioplastics and radio frequency technology business” Biome Technologies (BIOM) last month with the shares at 107.5p I concluded that I retained some doubts on cash even ‘broadly breakeven’ this year and on the balance sheet position. Today a trading update and 2023 calendar year results… and the shares currently further lower at 85p.
Previously on components company Carclo (CAR), in July last year with the shares at 12p I asked can it really now “approach the future with unwavering optimism”?, concluding still funding risks and a below £9 million market cap far from provided ‘unwaveringly positive’ equity funding options. The shares are currently slightly above the level of then, though only after a more than 70% rise today on the back of a trading statement – so how good is that?
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