Results

PhotonStar LED – results see CEO McKenzie claim “steady progress”, so why are the shares a further more than 7% lower?

Published 3 days ago

PhotonStar LED Group (PSL) CEO James McKenzie commences his comments on 2016 in the company’s results announcement that “steady progress was made in transitioning the group into becoming a retrofit connected lighting and building management business. We have installed a number of trials in a variety of sectors”. Sounds promising, so why are the shares currently 7.5% lower, at 1.85p, on the back of the announcement?...

It's hard to see how BOS GLOBAL can justify its current market valuation!

Published 3 days ago

There are plenty of companies on AIM where it is hard to see where the value is and why private investors are so keen to chuck their savings into the shares, and BOS GLOBAL Holdings (BOS) would certainly seem to fit the bill!

Corero Network Security – service launch of a contract announced a month ago. Ramptastic!

Published 5 days ago

An announcement from Corero Network Security (CNS) with a headline “Corero Tier 1 Internet service provider customer GTT Communications, Inc. launches DDoS Mitigation service”. Then “further to the announcement on 19 April 2017 regarding a Global Tier 1 Internet service provider customer win… announces that the customer, GTT Communications, Inc. (NYSE: GTT), has launched its DDoS Mitigation service”“Global Tier 1” now hey! And you what? The contract win has already been announced? Ramptastic…

LightwaveRF – follows ramparoonie with half-year results showing continued cash burn

Published 8 days ago

Commenting yesterday on the “Launch of Google Assistant voice control” ramparoonie (Oops) RNS announcement from LightwaveRF (LWRF), I suggested it clearly currently remains cash burn ahoy, with results for the six months ended 31st March 2017 following today

LightwaveRF – “Google Assistant voice control” ramparoonie

Published 9 days ago

Shares in LightwaveRF (LWRF) are currently circa 65% higher on the day, above 25p, on the back of a “Launch of Google Assistant voice control”-entitled ramparoonie (Oops) RNS announcement...

Corero – announces “secures second $1m+ SmartWall customer”. How much is the order for?

Published 10 days ago

An announcement entitled “Corero (CNS) secures second $1m+ SmartWall customer”. Sounds good but, having previously written bearishly on this company, let’s take a look at the detail here…

RhythmOne – argues “returns to full-year underlying profitability”, but it’s again net cash burn…

Published 11 days ago

RhythmOne (RTHM) has announced results for its year ended 31st March 2017, emphasising “Returns to Full-Year Underlying Profitability led by 28% Growth of ‘Core’ Revenues”. The Income Statement though shows a significant loss and the shares have responded more than 6% lower to 45.5p. Hmmm…

Audioboom – results more than five months after its year-end, the accounts show why…

Published 24 days ago

Spoken word audio on-demand platform company, Audioboom (BOOM) has announced results for its year ended 30th November 2016. Hmmm – more than five months after the year-end then, rarely a good sign…

Imaginatik – what’s with the radio silence?

Published 34 days ago

I previously updated on Imaginatik (IMTK) following results for its half year ended 30th September 2016. Those showed further underlying cash burn seeing cash to a low level, though noted recent improvement. However, I noted the company also stating it was now further “investing in our sales and marketing resources and technology suite”. Having released trading updates on 9th March 2016, 11th February 2015 and 14th April 2014, what about this year?...

HaloSource – 2016 results, cash crunch AHOY!

Published 50 days ago

I most recently cautioned on water technology company HaloSource (HALO) in February HERE. It has now announced results for the 2016 calendar year…

Digital Barriers – trading warning (you were warned). Timberrrrrr…

Published 64 days ago

Shares in surveillance technology company Digital Barriers (DGB) are currently more than 17.5% lower, at 25.5p, on the back of a “Trading Update” announcement. Trading warning ahoy! You were warned

eg solutions – full-year results emphasise “a real sense of momentum”, but a buy?

Published 66 days ago

Back-office workforce optimisation company, eg solutions (EGS) has announced results emphasising “in generating revenues of £5.7m and an adjusted EBITDA of £2.1m in a six-month period, we demonstrated just what the business is capable of”. Hmmm, “adjusted EBITDA” hey. Let’s take a closer look…

Earthport – interims argue ‘confidence in continued growth & prospects’, but include a net cash generation warning

Published 67 days ago

Cross-border payments network company Earthport (EPO) is “pleased to announce” results for its half year ended 31st December 2016. This is with stated “highlights” including 5 million transactions (prior year corresponding period: 2.7 million) and payment volume of $7.80 billion (prior year corresponding period: $3.95 billion) – and CEO Hank Uberoi emphasising “confidence in our continued growth and prospects”. Why then are the shares currently more than 8.5% lower, at 24p?...

Audioboom – BOOM! Discounted fundraising follows bullish ‘KPI’ update earlier this month

Published 67 days ago

Noting the balance sheet position (and related-party transactions) suggested continued caution, I previously updated on spoken-word audio platform company Audioboom (BOOM) earlier this month as the shares were recovering above 3p on the back of a “First Quarter KPI Update” announcement. Now BOOM – it’s discounted placing ahoy!...

Seeing Machines – interims include “multi-sector strategy continues to gain momentum”, but also “reduced expectations”. Er…

Published 72 days ago

“Seeing Machines (SEE), the AIM listed technology company with a focus on operator monitoring and intervention sensing technologies and services is pleased to announce its unaudited financial results for the six months to 31 December 2016” and CEO Ken Kroeger is “pleased with the progress towards the achievement of our long-term goals as our multi-sector strategy continues to gain momentum”. Good, good… er, what? The shares currently more than 15% lower in response?!?...

Zinc Media – emphasises EBITDA profit for "first time in recent years", so why are the shares materially lower?...

Published 72 days ago

The results announcement for its half year ended 31st December 2016 from the former Ten Alps plc, now Zinc Media Group (ZIN), emphasises “decisive action taken” and “for the first time in recent years, the company reported a profit at the adjusted EBITDA level”. So why are the shares more than 9% lower, heading towards 1.20p, on the back of the release?...

Eagle Eye Solutions – interim results & Europe partnership, balance sheet “sufficient”?

Published 74 days ago

Having previously emphasised caution on digital promotions technology company Eagle Eye (EYE), I note the shares currently circa 6% higher today at 145p on the back of results for its half year ended 31st December 2016 and a partnership to deliver digital loyalty solutions in Europe with retail marketing company TCC Global…

7digital – completion of share placing, broker updates

Published 75 days ago

Following its 2016 results, digital music and radio services group 7digital (7DIG) has successfully placed 34,769,239 new shares at 6.5p to raise a gross approximately £2.26 million and house broker, finnCap, has updated on the company's manoeuvrings...

eServGlobal – argues breakeven ahoy after 2016 “turnaround”. Hmmm…

Published 75 days ago

Having recently recovered to comfortably above 7p, shares in eServGlobal (ESG) are currently sliding back towards that level despite an AGM Statement including “we expect sufficient order flow in H1 to support our outlook of breakeven in the core business in the 12 months to 31 October 2017, and progress by HomeSend remains consistent with reaching a breakeven point during this calendar year”

Goodwin – 2:15pm ‘Interim Management Statement’ a cause for alarm?

Published 77 days ago

Previously writing on engineering company Goodwin (GDWN) in September with the shares at 1980p, I concluded that the energy industry environment saw me cautious and avoiding the shares. They were little changed on the prior 1895p close before an “Interim Management Statement” announcement at 2:15pm. A cause for alarm?...

7digital Group – 2016 results argue “good progress” & “ideally positioned”, so why are the shares lower?

Published 78 days ago

Digital music and radio services group, 7digital (7DIG) has announced results for the 2016 calendar year, including that this “was a year of good progress… as we delivered on our commitment to reach operating profit by the year end” and that it “is ideally positioned to capitalise on the continued growth of streaming in 2017 and beyond”. So why are the shares currently approaching 7% lower, at 6.75p?...

LoopUp – 2016 results emphasise “strong performance” & “positive outlook”, so why are the shares lower?

Published 80 days ago

A 2016 results announcement from remote meetings technology group LoopUp (LOOP) includes “we're very pleased to report strong business performance and a positive outlook in our first set of annual results as a public company”. So why are the shares currently more than 3% lower, at 156.5p, in response?...

Intercede – following a bullish January announcement, now blames ‘The Donald’ for another profit warning ahoy!

Published 85 days ago

Having previously gone from “well positioned for future growth” to trading “below expectations” in just over 3 months, cybersecurity group Intercede (IGP) has now followed a January announcement of a record $3 million order (“demonstrates that Intercede continues to win orders for its MyID technology platform in spite of the continuing budget constraints within the US Government”) with that “the order book as of 2 March 2017 indicates that, unless further orders are received that can be recognised as revenue in the current period, the revenue outturn for the financial year ending 31 March 2017 will be approximately £8 million”. Uh oh…

Molins – 2016 results, argues “confident” so why are the shares down?

Published 86 days ago

An early this year recovery in shares in Molins (MLIN) is currently continuing to reverse on the back of its announcement of results for the 2016 calendar year…

Hayward Tyler – further extension of debt repayment, what of funds recently raised?

Published 87 days ago

My previous update on engineering group Hayward Tyler (HAYT) noted “repayment of £2.4 million of short term banking facilities, currently extended to 28 February”. The following updates with the shares currently further below 40p on the back of an “Update on banking support” announcement...

Vipera - “well funded… through to cash flow profitability”. Hmmm, really?

Published 89 days ago

Mobile financial services provider Vipera (VIP) “is pleased to announce a trading update in respect of the year ended 31 December 2016”. So why are the shares currently more than 5% further lower at 4.5p?...

Monitise – reckons half-year results demonstrate transformation programme working. Hmmm…

Published 93 days ago

A half-year results announcement from cash guzzler (Oops sorry, “digital technology group specialising in financial services”), Monitise (MONI) emphasises “our transformation programme is nearing completion, and continued half on half EBITDA profitability demonstrates that it is working”. Hmmm, EBITDA is though of course bullshit earnings, so what’s the real story?...

Hardide – AGM update, “starting to see an upturn” from oil and gas customers

Published 96 days ago

Having thus far been sceptical of shares in engineering coatings company Hardide (HDD), I note they currently higher today with the company having updated in conjunction with its AGM…

Driver Group – full-year loss & bailout fundraising. “Renewed confidence”?

Published 99 days ago

Driver Group (DRV) has announced self-admitted “disappointing” results for its year ended 30th September 2016 and a bailout fundraising, though argues that stakeholders should soon be able to “look forward to the future with renewed confidence”. Hmmm...

Brave Bison – more ‘wrongster’ from the previous Rightster Group, disastrous profit warning…

Published 99 days ago

A 10am “Trading Update” announcement from Brave Bison Group (BBSN), a company which has previously proven a wrongster. Uh oh…

OneView Group – following December bailout loan… another bailout loan!

Published 101 days ago

Having in December announced “an additional loan facility of $1 million on similar terms to that of the existing $3m facility, which is fully drawn… to cover short term working capital needs around the company's new business contracts”, OneView Group (ONEV) has now announced an additional $300,000 loan “to cover short term working capital needs”. Hmmm…

Surface Transforms – claims “successful six months”. In response… the shares slide...

Published 102 days ago

Surface Transforms (SCE) has announced results for the six months ended 30th November 2016, claiming “a tough, albeit exciting and successful six months”. The shares have responded… approaching 7% lower, towards 20p. Hmmm…

Corero – new contract & partnership + utter bullshit, cash crunch AHOY!

Published 107 days ago

Corero Network Security (CNS) has announced it “ended the year strongly… a material order for its ‘SmartWall’ Threat Defense System from a leading Cloud computing company and Juniper Networks technology alliance partnership”. Why are the shares thus currently unchanged at the 6.375p they have slumped to?...

blur Group – says “progresses on its path to profitability”, but it looks cash crunch ahoy first!

Published 108 days ago

blur Group (BLUR) has announced “key metrics for Q4 2016”, in the same opening paragraph noting “FY 2016 EBITDA is expected to be ahead of expectations”. EBITDA is of course not a ‘key metric’, but bullshit earnings. What about the real key metrics – cash generation and the balance sheet position?...

Flowgroup – “pleased to announce” update, but bailout placing to be required?

Published 108 days ago

Flowgroup (FLOW) “is pleased to announce that it expects to announce its results for the year ending 31 December 2016 during May 2017. The company expects its trading results to be in line with analysts' forecasts”. Hmmm, so why are the shares currently down a further more than 8%, below 6p, having been 25p+ less than a year ago?...

Eagle Eye Solutions – having questioned whether it was cash crunch ahoy... “Extension of credit facility”

Published 110 days ago

While an update last week from digital promotions technology company, Eagle Eye Solutions (EYE) claimed “confidence in the group's prospects”I questioned whether it was cash crunch ahoy. There is now an “Extension of credit facility” announcement...

Surface Transforms – claims “strategically important” contract win, but how’s the cash burn?

Published 113 days ago

Manufacturer thus far of largely jam tomorrow Oops, of carbon fibre reinforced ceramic brake discs, Surface Transforms (SCE) has announced what it describes as a “strategically important” contract win – and the shares have responded approaching 10% higher, to 23.5p. BUT…

Plexus – DISGRACE: following big share slides in advance, you’ll never guess what “Trading Update” is like (you will)…

Published 114 days ago

With its shares down more than 11% on Tuesday and further more than 12% on Wednesday morning, cue a 1:48pm “Trading Update” announcement from Plexus Holdings (POS). And you’ll never guess what (you will)…

Earthport – “trading statement”, why no update on progress to cash flow positive target?

Published 115 days ago

Payment network company Earthport (EPO) has updated that it “is encouraged by the recent developments within the company, particularly in relation to the increasing transaction and aggregate payment volumes being placed through Earthport's platform by its clients”. However, with the shares recovering from sub 13p hit last year to now approaching 25p (although still down from more than 45p as recently as September 2015), is a circa £120 million market cap justified?...

Adgorithms – claims trading “in line”, so why are the shares crashing again?

Published 115 days ago

Online advertising software company Adgorithms (ADGO) has updated that it “continues to execute its stated growth strategy and expects trading for the year ended December 2016 to be in line with management's expectations”. So why are the shares currently 25% lower, at 16.5p?...

Eagle Eye Solutions – claims ‘confidence in prospects’, but cash crunch ahoy?

Published 115 days ago

Digital promotions technology company, Eagle Eye Solutions (EYE) has updated that during its half year ended 31st December 2016 it “has continued to trade well delivering revenue… ahead of market expectations”. But what’s that? A swing into a net debt position. Uh oh…

Torotrak – from “significant increase in interest” to a now ‘materially reduced’ opportunity…

Published 117 days ago

Previously writing on Torotrak (TRK), I concluded that the shares were a sell at 5p on the back of “Trading Statement” announcement which was actually a ‘commercialisation delay’. I now write with the shares, on the back of a “Strategic Update, Group Refocus” announcement, currently circa 45% lower today, at around 1p!...

Time Out Group – 2016 trading update, revenue is vanity…

Published 121 days ago

Time Out Group (TMO) “is pleased to announce” that “revenue for the full year is anticipated to be ahead of the board's expectations” and “closing net cash expected to be better than previously anticipated”. So why are the shares barely ahead, at 137p?...

Audioboom – related-party bailout & acquisition with marked uplift from “nominal consideration” in sub 6 months

Published 122 days ago

Having last month noted on spoken-word audio platform company Audioboom (BOOM) that nearly all the money’s gone AGAIN, I note an announcement today of an agreement to acquire SONR News Ltd for an all-share £1.42 million and the issue of a £1 million, 10% interest, convertible loan note...

Biome Technologies – trading update, sales struggle against even recently reduced guidance

Published 127 days ago

Shares in Biome Technologies (BIOM) have retained a slight recovery above 100p following a 2016 “Pre-close Trading Statement, though “the board expects the loss before interest, tax, depreciation and amortisation… to be similar to the level achieved in 2015”

LoopUp – review as shares sparked by ‘ahead of expectations’ trading update

Published 129 days ago

I looked at remote meetings technology group LoopUp (LOOP) just after the company’s August IPO – concluding, with the shares at 112.5p, that the valuation in conjunction with usual IPO and growth risks saw me avoid, but that I’d monitor with interest. The shares closed yesterday at exactly the same price as then – but are currently approaching 13% higher today, at 127p, on the back of a trading update announcement…

WANdisco – one quarter does not an investment make, but offers some encouragement for shareholders…

Published 131 days ago

Shares in ‘big data’ software company WANdisco (WAND) are currently continuing a recovery – this on the back of a concluding trading update for 2016...

CloudCall – Trading Update emphasises positives, but it remains cash burn ahoy!

Published 136 days ago

Integration of telephony systems into existing customer relationship management software-focused CloudCall (CALL) is “pleased to announce” a full-year trading update – and the following reviews with the shares currently more than 17% higher, at 76p, in response…

HaloSource – trading update, still desperate times?

Published 137 days ago

Having from November 2015 onwards been warning on the shares of water technology company HaloSource (HALO), I note an update on trading and its strategic review...

SpaceandPeople – as warned, profit warning ahoy!

Published 138 days ago

Updating on the previous announcement from SpaceandPeople (SAL), I warned that half-year results suggest it’ll be profit warning ahoy! And now…

Digital Barriers – announces a further $7 million of contract awards, but caveat emptor…

Published 140 days ago

Digital Barriers (DGB) has followed contract wins announced last month with an announcement of the award of a further two contracts with a total value of $7 million. The shares are up more than 10% above end of 2016 lows in response, heading towards 40p, but I’d still suggest caveat emptor…

Fastjet – 5 months after the last, it’s bailout fundraising AGAIN!

Published 141 days ago

“fastjet (FJET), the low-cost African airline, is pleased to announce that… it has successfully placed 143,449,794 new ordinary shares at a price of 16.3 pence per share… If the placing does not proceed and complete, and in the absence of the group being able to successfully agree or implement any alternative funding, the directors would seek to commence a process of placing the group into administration. Wait a minute, just in August the company raised “total aggregate gross proceeds of £15.2 million… all at 50 pence per new ordinary share”. What’s gone on?

Corero - “pleased to announce” minor contract wins, what about the cash burn?

Published 143 days ago

“Corero Network Security plc (CNS), the AIM listed network security company, is pleased to announce that it has won five ‘as-a-service’ subscription-based contracts for its DDoS protection products and technology in the final quarter of 2016”. Sounds promising. Oh, but wait… “with an aggregate annualised contract value of $0.3 million”. Hmmm…

Guscio – attempts to sneak full-year results out today, a review shows why…

Published 155 days ago

Friday 23rd December, “Final Results & Notice of AGM”. Uh-oh, what has this worryingly-timed announcement from Guscio (GUSC) got in store? ...

eServGlobal – full-year results, to “provide further evidence of our success”. Really?

Published 158 days ago

eServGlobal (ESG) has announced results for its year ended 31st October 2016 emphasising “steady progress in the re-alignment of the business” and “we are confident we will provide further evidence of our success in the year ahead”. Hmmm…

Digital Barriers – another contract announcement. Rampity, ramp?

Published 159 days ago

Following contract wins announced at the start of the month, Digital Barriers (DGB) is now “pleased to announce that it has secured a $2.1 million contract for its unique ThruVis standoff threat detection camera”. The shares are currently up a tad to 36.5p in response, but…

Tungsten Corp – interims, claims “very encouraged by the emerging momentum”. Hmmm…

Published 164 days ago

Tungsten Corp (TUNG) has announced results for its half-year ended 31st October 2016, with CEO Richard Hurwitz statedly “very encouraged by the emerging momentum across our business”. Hmmm…

Audioboom – claims “reached a crucial tipping point”. Er, yep… nearly all the money’s gone AGAIN!

Published 164 days ago

Previously writing on spoken-word audio platform company, Audioboom (BOOM) I noted “agreement for investment from China ‘not yet been reached’, surely not to be cash crunch ahoy AGAIN!”. The company is now “pleased to provide an update on its Q4 KPIs and trading for the year ended 30 November 2016” and, well, er…

Microsaic Systems – reckons “clear opportunities exist”, but it's a profit warning…

Published 165 days ago

“Trading Statement” announcement from Microsaic Systems (MSYS) starts with that “it is expected that EBITDA and pre-tax profit for 2016 will be broadly in line with market expectations… The company has reshaped its business strategy to focus on the Pharma market where clear opportunities exist for the company's products”. Hmmm, “broadly in line” is of course ‘slightly behind’, though at least there’s “clear opportunities” ahead. Though, wait. What’s that? The shares currently down approaching 20%, towards 3p?!? …

Hardide – company reckons recent new funds for investment in growth, full-year results suggest different

Published 166 days ago

Previously writing on provider of advanced surface coatings, Hardide (HDD) in October, I noted its raising of £1.6 million at 0.8p per share – questioning “to progress with its plans for future developments and growth” or ‘to keep the lights on’? We now have results for the company’s year ended 30th September 2016…

Plexus Holdings – AGM update; argues strong position for next cyclical upswing, but how far away’s that?

Published 170 days ago

Shares in oil and gas engineering services company Plexus (POS) are currently more than 12.5% higher, at 73p, on the back of an “AGM Statement” which argues “with a strengthened balance sheet, a large wellhead inventory, an expanded suite of Plexus products, partners in strategically important territories, and a successful track record with a who's who of blue chip operators, Plexus is in a strong position to take advantage of and benefit from the next cyclical upswing”. Hmmm…

Surface Transforms – half-year trading update, despite attempted glossing over cash burn concerns…

Published 170 days ago

Previously writing on developer and manufacturer of jam tomorrow (Oops sorry, of carbon ceramic products for the brakes market), Surface Transforms (SCE) I concluded with the shares sliding below 25p that delayed jam tomorrow in conjunction with the nearer-term trading challenges saw me continue to avoid. There is now a “Trading Update” announcement, on the back of which the shares are currently around 8.5% lower at sub 22p...

John Lewis of Hungerford – full-year results, “fifth consecutive year of sales growth” BUT…

Published 171 days ago

Specialist kitchen manufacturer and retailer John Lewis of Hungerford (JLH) has announced results for its year ended 31st August 2016 – including a “fifth consecutive year of sales growth, which exceeded £8 million for the first time”. However…

Digital Barriers – contract wins, able to focus on converting pipeline & generating follow-on sales... or not?

Published 176 days ago

Reviewing results for the six months ended 30th September 2016 from Digital Barriers (DGB), I noted a £7.4 million reduction in net cash to £3.4 million and that the company has established a £10 million revolving credit facility. It has now made a “Contract wins across APAC and EMEA” announcement. Hmmm…

Sabien Technology – yet more delays. Cash crunch ahoy (again)?

Published 178 days ago

Previously writing on boiler technology company Sabien (SNT) last month, I noted a considerable improvement in sales performance needed otherwise its funds will continue being used just to keep the lights on. The following updates with the shares currently more than 6% lower, at 3.75p, on the back of an “AGM Statement”.

Digital Barriers – H1 results, claims a clear, strong organic growth engine. But is there?

Published 179 days ago

Provider of surveillance technologies, Digital Barriers (DGB) has announced results for the six months ended 30th September 2016 including “it is clear that we have now established a strong organic growth engine”, though later also stating “organic revenues… were broadly flat at £6.9m”. Hmmm…

Hayward Tyler – “momentum is continuing to build”, but it needs to…

Published 179 days ago

Engineering group Hayward Tyler (HAYT) has recently been “pleased to announce a series of contract wins, totalling in excess of £4.5m which… confirm that momentum is continuing to build”. However, the shares remain down on the year at a current 83.5p…

Ilika – it was discounted fundraising ahoy, what now?

Published 185 days ago

Materials innovation and solid-state battery technology-focused, Ilika (IKA) has announced that results for the six months ended 31st October 2016 “are expected to show total revenue for the period of £330k (H1 2015: £254k)”, but also “notifications of intent to award three new grants” and “a notification of intent to award a commercially-funded materials development programme” – and the shares are currently approaching 6% higher to 45p in response…

AO World – half-year results argue “a great start to the year”, market response sceptical…

Published 185 days ago

UK and Europe online electrical retailer, AO World (AO.) has announced results for the six months ended 30th September 2016 emphasising “a great start to the year, with group revenue and profits growing well as we continue to deliver on our long-term strategy”. The shares are though little changed at 168.5p…

Westminster Group – having emphasised ‘elimination’ of Darwin Capital convertible loan notes in September, guess what…

Published 185 days ago

Having included as a ‘Key Point’ in its September-announced half year results statement “Darwin Convertible Loan Note debt reduced during period and eliminated shortly afterwards”, Westminster Group (WSG) is now “pleased to announce” £1.2 million of convertible loan notes… with Darwin! The following updates with the shares currently falling back well below 20p in response...

Eagle Eye Solutions – seeks to emphasise ‘accelerated growth’, but looks to be cash crunch ahoy!

Published 190 days ago

An AGM update from Eagle Eye Solutions (EYE) commences “the year ended 30 June 2016 saw continued progress against the group's strategic and operational objectives. The significant contracts won and the developments to our software platform mean that we entered FY17 with strong momentum”. Sounds promising, but…

Tungsten Corp – regulatory approval for sale of bank, so deal completed… or not…

Published 192 days ago

Having stated as recently as September “the sale of Tungsten Bank is advancing as expected and we continue to expect the sale to complete by 31 October 2016”, there is now a further update on a sale still not completed…

Mobile Streams – reckons “pleased to announce” full-year results, shares down 30%...

Published 198 days ago

“Mobile Streams (MOS), the emerging markets focused mobile media company, is pleased to announce its final results for the year ended 30 June 2016 which are in line with management's revised expectations”. Ok. Er, what? The shares currently 30% down, at 9.625p, in response...

Grafenia – half-year results, another profit warning ahoy!

Published 200 days ago

Having last month concluded on Grafenia (GRA) that I wouldn’t want to bet on expectations being achieved and currently continue to avoid, I note the half-year results announcement sees the shares currently more than 14% lower at 7.5p…

Getech – results claim “continued prospects for profitable trading”, shares again tumble…

Published 200 days ago

Specialist exploration data and petroleum systems studies and evaluations provider, Getech (GTC) has announced results for its year ended 31st July 2016, including axing the dividend as oil prices remained “low and volatile”. The following reviews, with the shares currently more than 11.5% lower on the day, at 26.5p…

eServGlobal – misses FY 2016 targets… but claims “justified optimism” for FY17!

Published 201 days ago

A trading update for its year ended 31st October 2016 from mobile financial technology company eServGlobal (ESG), sees its Executive Chairman, John Conoley, "proud of the achievements of the company in its core business in FY16 after its poor start… we have embarked on FY17 with justified optimism in the core business”. The shares have responded currently slightly lower to 6p…

HaloSource – “Trading Update” = Loss & Cash Warning, desperate strategic review ahoy…

Published 205 days ago

Having consistently over the last year warned on shares in HaloSource (HALO) – most recently HERE – I note they currently more than halved today, heading towards 1p, on the back of “an update on trading ahead of the year ending 31 December 2016”

Earthport – “is pleased to announce”… dire full-year results…

Published 213 days ago

“Earthport (EPO), the leading payment network for cross-border payments, is pleased to announce its final results for the year ended 30 June 2016”. The shares are currently down 4%, to sub 16p, in response. Hmmm…

Sabien Technology – dire full-year results, expects “considerable improvement”. Er?

Published 214 days ago

I previously wrote on boiler technology company Sabien (SNT) last month – ‘£750,000 placing “to continue growth strategy”, AKA to keep the lights on…’. The company has now announced results for its year ended 30th June 2016...

Nanoco – full-year results; claims “excellent position”, but actually en-route to cash crunch ahoy (again)?

Published 228 days ago

Nanoco Group (NANO) Chairman Dr Christopher Richards considers it “a pleasure to be introducing Nanoco's results for the year to 31 July 2016”. The shares are currently more than 6% further lower, at 55p, in response…

Surface Transforms – full-year results; management ‘confident’ and ‘excited’, market response less so…

Published 229 days ago

Developer and manufacturer of carbon ceramic products for the brakes market, Surface Transforms (SCE) “is pleased to announce its preliminary results for the year ended 31 May 2016”. The shares are currently 7.5% lower, at below 25p, in response…

Nanoco – “update on the timing of revenue recognition” just days before scheduled results announcement. Uh-oh…

Published 232 days ago

Having in August announced, for its year ended 31st July 2016, “unaudited revenues in the year were £1.9 million (FY 2015: £2.0 million)”, Nanoco Group (NANO) has now made an “Update re Unaudited Revenues” announcement just days before its scheduled results announcement. Hmmm…

Eagle Eye Solutions – a management either trying to fool you or fooling themselves, whilst at the trough. Oink, oink…

Published 232 days ago

Shares in “SaaS technology company that validates and redeems digital promotions in real-time for the grocery, retail and hospitality industries”, Eagle Eye Solutions (EYE) have recently been on the rise – with recent announcements including a share purchase by CEO Tim Mason and results for the company’s year ended 30th June 2016 including “overall the board is pleased with the significant progress made”. Sounds interesting…

CAP-XX – full-year results, talks CrAP (XX)…

Published 235 days ago

Having previously updated sceptically on supercapacitor and energy management systems company CAP-XX (CPX), I note it is now “pleased to announce its audited results for the year ended 30 June 2016”. Let’s take a look…

Vislink – half-year results, TIMBERRR!

Published 239 days ago

July profit warning meant results for the first half of 2016 from Vislink (VLK) were not going to be good but, on revenue 15% lower than in the corresponding 2015 period, at £22.6 million, a loss of £32.8 million!?! And there’s worse…

Crawshaw – half-year results; is it able to restore material, positive trading momentum?

Published 240 days ago

Writing on fresh meat and food-to-go retailer Crawshaw (CRAW) post a profit warning earlier this month, I concluded that the context meant the severe share price decline, to a then circa 44p, looked merited and the shares best avoided – see HERE. The following updates, with the shares currently at sub 35p, on the back of results for the company’s half year ended 31st July 2016…

SpaceandPeople – half-year results suggest it’ll be profit warning ahoy!

Published 243 days ago

Shares in shopping centre and other high footfall venue promotional and retail company SpaceandPeople (SAL) currently trade approaching 30% lower, at well below 30p, on the back of its results for the first half of 2016. Let’s take a look…

eg solutions – half year results show marked declines… & so emphasise lashings of jam tomorrow

Published 247 days ago

Having warned in June that “first half trading performance and cash generation will be lower than previously anticipated”, eg solutions (EGS) has now announced the results for its half year to end July 2016…

NetDimensions – do half year results offer positives following July warning?

Published 247 days ago

Having warned in July of “delays in deal roll-outs affecting revenue growth”, NetDimensions (NETD) has now announced results for the first half of 2016…

Fitbug – half-year results claim “encouraging progress” & “confident”. Really?

Published 247 days ago

Fitbug (FITB) has announced results for the first half of 2016, including claiming that its “strategy has seen encouraging progress… with our additional working capital and reduced levels of debt following our successful fundraise in July, the board is confident as to the company's future prospects”. The shares have lapped it up by approaching 12%, to 0.28p, but is there really “encouraging progress” and ‘confidence’ here? ...

DP Poland – half-year results; seeks to emphasise “EBITDA loss reduced”, but…

Published 249 days ago

The company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) has announced results for the first half of 2016 and the shares have responded back above 50p. Let’s take a look…

Adgorithms – is again “pleased to report”, but again the shares head materially lower…

Published 250 days ago

Adgorithms (ADGO) “is pleased to report half year results for the six months ended 30 June 2016. In the period, the company delivered revenues of $8.7m, and adjusted gross profit of $2.2m”. Sounds promising, but what? The shares currently down 25% to sub 20p. Hmmm...

Tungsten Corp – claims “a positive start to its new financial year”, but how positive really?

Published 252 days ago

Tungsten Corp (TUNG) has announced at its AGM “a positive start to its new financial year ending 30 April 2017”, though the shares have responded approaching 4% lower to 61.25p. Hmmm, let’s take a closer look...

Enteq Upstream – AGM update on company & industry positions

Published 256 days ago

Having slid back towards 12p following a June announcement of results for its year ended 31st March 2016, shares in oilfield services technology and equipment supplier, Enteq Upstream (NTQ) are currently steady at 16p on the back of an “AGM Statement” announcement, which includes an update on current conditions in the industry…

HaloSource – half-year results claim ‘optimism for the future’, but is there?

Published 256 days ago

HaloSource, Inc. (HALO) has announced results for the first half of 2016 emphasising that a “new technology platform, coupled with our focus on penetrating the fast-growing Reverse Osmosis markets in China and India continues to reinforce the optimism we feel for the future performance of the business”. In response, the shares are approaching 14% lower, at 3.125p. Hmmm…

Monitise – FY results, claims “positive” client response, but then admits contracts taking longer to conclude than anticipated! …

Published 261 days ago

Monitise (MONI) has announced results for its year ended 30th June 2016 emphasising “substantial improvement” in second half operating figures and “FINKit®, our new business unit which enables banks and financial services organisations to transform their digital services, launched during the year generating initial revenues in the second half of FY 2016, and received a positive response from current and potential clients and partners”. Sounds good…

EU Supply – half-year results, working capital looks tight…

Published 262 days ago

Having risen from just above 4p in the first half of June, shares in e-procurement SaaS provider, EU Supply (EUSP) are holding steady above 10p currently post its results for the first half of 2016…

Starcom – half-year results, “sufficient working capital”?

Published 262 days ago

“Starcom (STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people… (is) pleased to report the unaudited results for the six months period ended 30 June 2016”. The shares are currently more than 15% lower, at 3.375p, in response. Hmmm…

Mobile Streams - “a significant initial milestone in India”, Really? …

Published 263 days ago

Shares in mobile media company, Mobile Streams (MOS) are currently more than 170% higher, at above 11p, on the back of an announcement that the company has reached 50,000 ‘active subscribers’ in India. Hmmm…

Vipera – “pleased to announce” half-year results, shares respond more than 10% lower...

Published 264 days ago

“Vipera (VIP), the specialist provider of mobile financial services, is pleased to announce its unaudited interim results for the six months ended 30 June 2016”. The shares are though currently 10.5% lower, at 4.25p, on the back of the announcement. Hmmm…

Rex Bionics – results statement notes “a number of important milestones”, but what about the financials?

Published 274 days ago

Robot technology to enhance the mobility of wheelchair users-focused Rex Bionics (RXB) has announced results for its year ended 31st March 2016 and that this “has been a period of broad progress across all areas, and we are pleased to be able to report to shareholders on the achievement of a number of important milestones during the period”. Hmmm…

Cyan – a “world leader” adopting a model “similar to ARM Holdings plc”. Really?!? …

Published 277 days ago

Self-declared “world leader” in technical jargon to describe what it does (Oops, I meant “in narrowband RF mesh networks for Omni Internet of Things communications”), Cyan (CYAN) has announced results for the first half of 2016 – noting its “financial performance reflected the increasing maturity of our offering and relationships” and that it’s “excited by the group's growth prospects”. Hmmm…

Imaginatik – FY results, claims “pleased” with the growth & progress. Hmmm, really?…

Published 283 days ago

Provider of innovation software and related professional services to large and medium-sized enterprises, Imaginatik (IMTK) has announced results for its year ended 31st March 2016 and states it is “pleased with the growth achieved in the year and the underlying progress within the business”. The shares are though currently a further more than 6.5% lower, at 1.75p. Hmmm…

Earthport – “is pleased to provide” a trading statement for a year of “challenges” & a “material… fraud incident”. Hmmm…

Published 283 days ago

A leading burner of cash (Oops, sorry, “leading payment network for cross-border payments”), Earthport (EPO) “is pleased to provide an unaudited trading update for the fiscal year ended 30 June 2016”. Hmmm…

Red Rock Resources – cash inflows update & company chat...

Published 284 days ago

Following interim results in March noting an “objective of moving towards cash breakeven and then cash generation within this year”, Red Rock Resources (RRR) has today updated on cash inflows and I’ve spoken with the company...

blur Group – “is pleased to present” its half year results, it shouldn’t be…

Published 287 days ago

Prodigious cash-burning machine (sorry, services platform and marketplace group), blur (BLUR) “is pleased to present its unaudited interim results for the six months ended 30 June 2016”. Hmmm – this with the shares down from a start of the year 17p (and much, much higher when we first started warning) to a current little more than 7p…

Cloudcall – told ya; from ‘clearly enough cash to reach break-even’ to placing in less than 5 months!

Published 290 days ago

Synety, now Cloudcall Group (CALL), - 22 Mar 2016: “clearly shows us having enough cash to deliver this company to break-even without the need to raise further funds”05 Aug 2016: “Interim results announcement… Proposed Placing to raise up to £3.77m”. Hmmm...

Nanoco – claims “commercial, technological and organisational” milestone achievements, but financials?

Published 291 days ago

An announcement commences “Nanoco Group plc (NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, provides the following trading update ahead of its preliminary results for the year ended 31 July 2016. During the year, the company made substantial progress and achieved a significant number of commercial, technological and organisational milestones”. Hmmm, I note no mention of ‘financial’, wonder why? ...

Brave Bison – shares up on H1 trading update, but is this previous wrongster really to now become a rightster?

Published 305 days ago

Shares in previous wrongster Rightster Group, now Brave Bison Group plc (BBSN), currently trade more than 17.5% higher today, at 5p, on the back of a trading update ahead of its results for the first half of 2016, expected to be announced on 31st August. Is it really now recovery ahoy here?

HaloSource - another (lack of) revenue warning, seemingly remains on path to cash crunch ahoy!

Published 305 days ago

In May I questioned whether the HaloSource, Inc. (HAL) sale of its Recreational Water business was all as it initially seems – and the company now updates that “total revenue from continuing operations for the period ended 30 June 2016 was $1.4 million (H1 2015: $2.7 million)” and “a cash balance of $4.1 million”. Hmmm…

Tungsten – claims “special operating assets”, but currently just another ’specially bad financial performance

Published 305 days ago

Tungsten (TUNG) has announced results for its year ended 30th April 2016 and that “the board is confident the company is well positioned for further sustainable growth”. The shares are further lower, at a current 43p, in response. Hmmm…

NetDimensions – is “pleased to provide” a first half trading update, shares down 25%. Hmmm…

Published 306 days ago

“NetDimensions (NETD), a global provider of performance, knowledge and learning management systems, is pleased to provide a trading update for the six months ended June 30, 2016”. The shares are currently more than 25% lower, at 43.5p, on the back of it. Hmmm…

Sprue Aegis – H1 operating loss lower than feared, but what about the full-year and outlook?

Published 309 days ago

I commented on home safety products supplier Sprue Aegis (SPRP) in April as its shares were crashing on the back of a profit warning plus - see HERE. The following updates with the shares currently up today, to 181.5p, on the back of a trading update ahead of late September-expected results for the first half of 2016...

Monitise – MONI, MONI, MONI, another “Trading Update” that’s not funny for shareholders

Published 310 days ago

Long-time specialist in draining shareholder money (sorry, “specialist in financial services technology focused on accelerating the digital transformation of banks and financial institutions”), Monitise (MONI) commences the first two bullet points of a trading update with “in line with previous guidance”, though the last includes that it “expects FY 2017 revenue to be lower than FY 2016 as a result of the continuing transition for the business”. Uh oh…

DP Poland – trading update emphasises “confidence”, but what about valuation?

Published 312 days ago

Last commenting on the company with the exclusive right to Domino's Pizza stores in Poland, DP Poland (DPP), I was sceptical of the valuation (and management greed). However, a “Trading Statement” announcement today sees the shares further higher. Hmmm…

Mirada – CEO “pleased to present” full-year results, though shares down 9.5% in response. Hmmm…

Published 312 days ago

The CEO of provider of software for digital TV Mirada (MIRA), José Luis Vázquez, is “pleased to present the group's financial results for the year ended 31 March 2016”. The shares are though more than 9.5% lower, at 4.75p, in response. Hmmm…

Fastjet - Bailout Fundraising underway, now reliant on new investors

Published 333 days ago

Fastjet (FJET) has its AGM and general meeting later this morning, at which the EasyGroup special resolution to oust the Chairman will be put to shareholders. Ahead of that, we have a trading update which confirms the bearish stance held on this website for the past several months.

AO World – full-year results, do the numbers reflect “deliver(ing) huge benefits to the business”?

Published 352 days ago

Online electrical retailer AO World (AO.) has announced results including that “the consistent focus we place on delivering amazing customer service along with the investment we have been making in our brand continues to deliver huge benefits to the business” and that “trading in the current financial year has started well”. The shares though are now down 6%, to 157p, on the back of the announcement. Hmmm, let’s take a look...

Sabien Technology – more problems (& some pure comedy) in the boiler room

Published 359 days ago

“The board of Sabien Technology Group plc (AIM: SNT), the manufacturer and supplier of M2G, an energy efficiency technology, announces that the company now expects to report revenues of c. £0.9m and a loss of up to c. £1.7 m in the financial period to 30 June 2016”. Hmmm, let’s read on... ‘UK pilot programme’, ‘Sales pipeline’, ‘Overseas pilot programme’ and finally ‘UK trading’… “results for the current financial year stem from the withdrawal of a number of large prospects from the opening pipeline at 1 July 2015 and a reduction in contract value of a number of sales”. Uh oh…

Starcom – review following recent share price gains

Published 360 days ago

Though currently slipping back today, a still circa 3.5p share price of Starcom plc (STAR) compares to 1.25p hit post the company’s announcement of results for 2015 in March and a 1.5p per share placing later that month. Hmmm, what’s happening here?

Nature Group – full-year results statement absolutely ludicrous

Published 364 days ago

Shares in provider of port reception facilities and waste treatment solutions for the oil, marine and process industries, Nature Group (NGR) are down approaching 24%, at 5.625p, on the back of a “Final Results” announcement. Recently-appointed Chairman Berend van Straten is though “pleased to announce the 2015 results”. Hmmm…

Advanced Oncotherapy – “£24m financing secured”… or is it?

Published 365 days ago

Shares in Advanced Oncotherapy (AVO) are ahead smartly currently on the back of an announcement headlined “£24m financing secured for the provision of vendor financing by AVO for the Harley Street project”. Hmmm, let’s take a look…

Lombard Risk – full-year results it is “pleased to report”, it shouldn’t be…

Published 365 days ago

Chairman Philip Crawford is “pleased to report on a year of considerable development and growth for Lombard Risk” (LRM). The results suggest he shouldn’t be…

eServGlobal – trading & research update, “on track”... or not?

Published 366 days ago

Shares in mobile financial services company eServGlobal (ESG) have recently moved higher on the back of a trading update particularly emphasising that “the company confirms it remains on track to achieve a small EBITDA* surplus for the core business”. However, researcher Edison has now updated including “we have revised our forecasts to reflect H116 performance, reducing our revenue and EBITDA forecasts”. Hmmm…

Tungsten – Full-year trading update, the board reckons ‘unwavering belief’. Hmmm…

Published 368 days ago

Tungsten Corp (TUNG) has updated on a cash balance “£1.1 million in excess of the board's expectations” and revenues for its year ended 30th April “representing an increase of at least 12.5% on the prior year”. The shares are though currently lower, at around 58p, in response. Hmmm, better continue reading…

Mobile Streams – a 2:21pm “Trading Update”, Uh oh…

Published 372 days ago

A Thursday 2:21pm “Trading Update”. Hmmm. “Mobile Streams plc (MOS) updates the market on its expectations for the current financial year ending 30 June 2016”. Uh oh…

Ubisense – it’s so long, farewell, Auf Weidersehen, goodbye... to CEO Richard Green & his “performance payments”

Published 373 days ago

Previously on Ubisense Group (UBI), I reviewed a November profit warning and noted an idea where the “further cost actions” can start – see HERE. That was with the shares then at 66p. With them now at 29p, an announcement from the company begins with “that it is to expand the remit of its chairman, Peter Harverson, to become executive chairman with immediate effect”. Hmmm, why’s that then?

Ten Alps – from “on track to generate a full year profit for the first time in a number of years”, to…

Published 375 days ago

8th March 2016: Ten Alps plc (TAL) “remains on track to generate a full year profit for the first time in a number of years and to continue momentum into the medium term”17th May 2016: “The group has continued to sustain losses in certain parts of its publishing operations, the turnaround of which has taken longer than expected. These continued losses are likely to result in the group not being profitable for the year as a whole”. Uh oh…

blinkx – massive FY2016 loss, but now reckons set “to fuel high quality organic growth”. Hmmm…

Published 375 days ago

Internet media company blinkx (BLNX) headlines its results for its year ended 31st March 2016; “Company records 68% growth in Core programmatic revenues while simultaneously reducing annualized operating expenses by $40M, during a year of rapid Industry evolution and reaffirms its expectation to return to full year profitability1 in Financial Year 2017”. All good then? Er, not quite…

Brady plc – AGM trading update sounds reassuring, BUT…

Published 376 days ago

Having previously updated on Brady plc (BRY) to not be fooled by the 2015 ‘trading in line’ - it’s disingenuous spin, the following updates post the company's results announcement for the 2015 calendar year and, more recently, an AGM update...

Rightster - AGM update, is this still a wrongster?

Published 383 days ago

Rightster Group (RSTR, though set to be re-named Brave Bison Group) talks in an AGM statement today of “moving to profitability and greater value going forward” with a “new strategy, in creating owner operated video channels”. Hmmm, having thus far been a wrongster, is this really now set to be a rightster?

HaloSource, Inc. – agreement for sale of Recreational Water business, is all as it initially seems?

Published 383 days ago

HaloSource, Inc. (HAL) has announced “a conditional asset sale agreement to sell its Recreational Water business… for an initial cash consideration of up to $7.5 million and further deferred cash consideration of up to $0.5 million”. The announcement though later states “an initial cash payment of $4.0 million”. Hmmm, what’s going on?

John Lewis of Hungerford – half year results are another profit warning

Published 386 days ago

Shares in kitchens and furniture designer, manufacturer and retailer, John Lewis of Hungerford (JLH) are amongst the major fallers today on the back of a half year results statement noting “lower than our anticipated sales growth” and “continued deflationary pricing pressure”. Hmmm…

Fitbug – shares down as 2015 results awaited, another fundraising needed & ahoy?

Published 388 days ago

Having warned both during a late 2014 ramparoonie that would take the shares to 20p and then all the way down, I note shares in Fitbug Holdings (FITB) are currently a major faller – down more than 14% on the day at 0.45p. Hmmm…

blur Group – ‘Contract win’ seemingly sparks further delusion

Published 389 days ago

Perennial cash-burning machine, sorry “Enterprise Services Platform & Marketplace”, blur (BLUR) “is pleased to announce the signing of a two year contract with a FTSE 250 multi-channel retail group”. Apparently, this contract win “demonstrates that business leaders and large corporates are increasingly acknowledging the need to prioritize their unmanaged, indirect business services spend and recognize that blur's platform offers an efficient and agile solution to drive new efficiencies within indirect spend”. Hmmm…

WANdisco – indebted cash-burning machine announces purportedly “significant milestone” news. How long till discounted confetti ahoy?

Published 394 days ago

Shares in unique cash-burning machine (sorry, “unique… provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability”), WANdisco plc (WAND) currently trade 25% higher today, at 225p, on the back of an announcement that it “has entered into a non-exclusive OEM sales agreement with IBM under which IBM intends to sell WANdisco's Fusion data replication product”. Hmmm…

Plexus Holdings – new funds to accelerate Russia rollout or keep lights on?

Published 396 days ago

Plexus Holdings (POS) has announced it is working on a licence agreement to enter the Russian and other CIS states’ surface land and platform production wellhead equipment markets and has raised $5 million of new equity “to support tailored research and product development and the company's sales and marketing efforts in Russia and other territories worldwide as well as for general working capital requirements”. Hmmm…

eServGlobal – claims “significant contract”, but guidance only maintained; PLACING AHOY!

Published 400 days ago

eServGlobal (ESG) has announced what it immediately claims as “a significant contract to supply its PayMobile software”. However, despite approximately €2.5 million of the €6 million contract value to be recognised in the company’s current year to 31st October, it only “maintains” financial guidance. Hmmm…

Torotrak – “Trading Statement” announcement is actually ‘commercialisation delay’

Published 401 days ago

Emissions reduction and fuel efficiency technology company Torotrak (TRK) has released a “Trading Statement” commencing that “the group has made good progress in executing the three year strategy to commercialise its technologies… During the last 12 months there has been a significant increase in interest from potential licensees and OEM customers in gaining access to the group's KERS technology in off-highway and V-Charge in passenger cars”. The shares are though currently more than 6.5% lower, at 5p, in response. Hmmm…

Utilitywise – half year results, same old problems currently remain

Published 403 days ago

Utilitywise (UTW), which seeks to leverage relationships it has with energy suppliers to business customers, has announced results for the six months to 31st January 2016, emphasising “continued strong performance… delivering another period of revenue and profit growth”. What about the all-important cash generation and balance sheet though?

Strat Aero - W. Hulsey Smith again hits back as his counterclaims are filed

Published 403 days ago

I previously updated on drone company Strat Aero (AERO) post a £400,000 placing and it announcing that it had “received a defence and counterclaim from W. Hulsey Smith” but “intends to vigorously pursue its claims against Mr. Smith and believe his counterclaims and purported defence to be without merit” - see HERE. Smith has now again hit back…

21st Century Technology plc – another attempted ‘no one watching o’clock’ failure

Published 406 days ago

Friday (15th April) at 2:24pm: “The board of 21st Century (C21) today provides the following trading update”. Hmmm. My guess is it ain’t gonna be good…

Strat Aero – litigation now flying, receives defence and counterclaim from Hulsey Smith

Published 407 days ago

Previously commenting in February on drone company Strat Aero (AERO) with its shares at 3.75p, I noted a somewhat rampy tone and that the latest developments were possibly a precursor to fundraising ahoy - see HERE. Much has happened since - and a further development today sees the shares currently more than 13% lower...

Koovs plc – “received firm indications of interest” for £20 million, but will the jam tomorrow be delivered?

Published 409 days ago

India-focused online fashion retailer Koovs (KOOV) has announced a conditional, including on General Meeting approval, capital raising at 25p per share. This stated to be “part of our planned growth, and will allow us to continue to build our brand, develop our customer offer, and deliver our strategy”. Hmmm…

Getech Group – interim results, claims “a strong financial position”. Really?

Published 416 days ago

Having followed a profit warning with news that its CEO is to walk the plank, geoscience services group Getech (GTC) has announced results for its half year ended 31st January 2016. They ain’t pretty…

blinkx – financials poor (natch), so claims “year of integration and investment”. Hmmm...

Published 417 days ago

Internet media company blinkx (BLNX) has updated on “a year of integration and investment” i.e. a year in which financial performance was poor so we’ll claim to have laid the foundations for future growth instead...

Intelligent Energy – shares soar, but is funding & restructuring announcement all it seems?

Published 418 days ago

Having reviewed “energy technology” (AKA ‘green shite’) company, Intelligent Energy (IEH) last month on the back of funding calamity - see HERE, I now update with the shares currently more than 70% higher, at around 17p, today on the back of an announcement entitled “Funding Update and Proposed Business Restructuring”. Hmmm...

Volex: update on trading & meaningless director share purchase reaffirm bear view

Published 456 days ago

November-announced interim results from power and data cabling provider, Volex plc (VLX) noted “tough” trading conditions, but also that “several significant new projects expected in H1 FY2016 have been deferred into H2 FY2016 including the roll out of a new product from our largest customer. We are already beginning to see the benefits of these projects in the second half”. Today we have that “expected demand for both existing and new products from our largest customer was less than expected in the second half of the year”. Uh oh…

Seaenergy – shares up, selling opportunity?

Published 463 days ago

Shares in AIM-listed under-sea train-wreck SeaEnergy were up 10% yesterday on news from Lansdowne Oil and Gas (LOGP) – see herewhich itself was up a whopping 33% at 2p mid. 

SolGold continues to burn through cash - sell

Published 487 days ago

There seem to be so many mining companies on AIM that burn through cash without looking any closer to actually producing anything! Some of them catch my eye as they’ve been around for a few years and often were previous ‘darlings of AIM’ amongst private investors, and SolGold (SOLG) definitely falls into that category.

Monitise plc – “Telefónica cloud platform agreement” not as positive as it may sound…

Published 582 days ago

“Monitise (MONI) and Telefónica cloud platform agreement” Great news! What? The agreement supersedes an existing contract between the companies, is only “to explore” potential projects based on the Monitise cloud platform and “the company's guidance for FY 2016 remains unchanged as a result of this announcement”. And it gets worse?...

WANdisco – trying (and failing) to PR spin its way out of bookings disappointment?

Published 764 days ago

The 18th April 2013: a WANdisco plc (WAND) announcement entitled “Q1 2013 Bookings Update”. 17th April 2014: a WANdisco announcement entitled “Q1 2014 Bookings Update”. 23rd April 2015: a WANdisco announcement entitled… er, “Fusion Attracts First Big Data Customers” - despite the first sentence of the announcement noting that the company “reports on first quarter sales”. I think I can guess why…

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