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The People's Operator – “Make a call, make a change”… shareholders make a loss…

Published 2 days ago

“The People's Operator (TPOP), the cause-based commercial mobile virtual network operator, is pleased to announce its full year results for the period ended 31 December 2016”. Hmmm, these being announced approaching six months after the year-end – rarely a good sign…

Hornby – major holder’s purchase means a mandatory cash offer

Published 3 days ago

Last month saw a regime change General Meeting requisition withdrawn at Hornby (HRN) and now the major shareholder, Phoenix, has unconditionally agreed to acquire the rebel’s (New Pistoia Income’s) shares – seeing it required to make a mandatory cash offer for the whole company...

Microsaic Systems – from in December sales to be “substantially ahead” of 2016’s, to now “significantly lower than for 2016”

Published 6 days ago

“Trading Statement” announcement from Microsaic Systems (MSYS) includes Chairman Eric Yeatman commenting “we are very encouraged with the progress since our 21 March 2017 update, when we introduced our biopharma strategy, specifically around bioprocessing. We are engaging with several of the leading players in the global market for bioprocessing equipment”. However, the statement also includes that “the company now expects its H1 and full year 2017 revenue to be significantly lower than for 2016”. Hmmm…

EU Supply – framework agreement signed, but valuation merited?

Published 9 days ago

Shares in e-procurement software provider, EU Supply (EUSP) are currently a further more than 17% higher, at 17p, on the back of a “Framework agreement signed” announcement. Hmmm, a framework agreement – so no specific financials then?...

Starcom – shares soar on “Major Supply and Support Agreement”, but how ‘major’ is it?

Published 10 days ago

Having been bearish on Starcom (STAR) – from with the shares at above 7p HERE and most recently HERE – I note the stock currently 50% higher today, at 2.25p, on the back of a “Major Supply and Support Agreement” announcement…

Entu – from bad (en)tu worse, issues “more complex and extend further” than expected

Published 11 days ago

October 2014, 100p per share, IPO, Entu (ENTU) has issued a trading update commencing that its strengthened executive team is progressing with the implementation of a detailed action plan, as set out in the full-year results statement, to reduce costs, improve operational efficiency, leverage its supply chain, improve cash collection and strengthen controls. Good, good. But what? The shares currently more than 30% lower on the day at well below 20p. Uh oh…

Vipera – “pleased to announce” new agreement, but what’s happened to funded “through to cash flow profitability”?

Published 23 days ago

Vipera (VIP) “is pleased to announce a multi-year agreement with Bankart d.o.o., a leading payment processor” and CEO Marco Casartelli is “delighted to have agreed such a significant and multi-year agreement with Bankart and we very much look forward to delivering more innovative solutions together in the future”. Sounds good, but what's the detail?...

DCD Media – 2016 results argue “measures… will ensure that the business can deliver value”. Will they?

Published 24 days ago

An 11:26am results announcement from tv distribution and production group DCD Media (DCD). Hmmm, why not a standard 7am release? Let’s take a look…

Nature Group – 2016 results make clear material improvement needed otherwise it’ll soon be cash crunch ahoy!

Published 25 days ago

Having most recently warned on shares in Nature Group (NGR) in January as they jumped above 12p, I note they currently down 12% today, heading towards 8p, on the back of the company’s 2016 results announcement…

Starcom – order delays, but reckons second half growth. Hmmm…

Published 26 days ago

An AGM statement from Starcom (STAR) includes that “gross margin is ahead of the average for 2016 and better than expected” and “some increases in order value on last year”. However, “revenues for the first four months of the year are slightly behind budget”. Hmmm...

21st Century Technology – from “good” recent progress in December, to now-stated “poor” second half 2016 financial performance!

Published 30 days ago

Fleet and passenger systems company 21st Century Technology (C21) has, tardily, announced results for the 2016 calendar year, though with CEO Russ Singleton emphasising “we made real strides last year with major framework renewals, organisational restructuring and innovative new sales”. Sounds promising. However...

Tungsten Corp – CEO Hurwitz claims “remarkable headway in fiscal '17”, so why are the shares lower?

Published 31 days ago

“Pre-close FY17 Trading Update” announcement from Tungsten Corp (TUNG) sees CEO Rick Hurwitz claiming “Tungsten made remarkable headway in fiscal '17”. With the shares responding, er, more than 3% lower to 66.25p, the following reviews...

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

Published 32 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?...

InterQuest – an angry shareholder writes…

Published 35 days ago

Having announced it is to make a 42p per share offer for InterQuest (ITQ) (Tom made his thoughts clear on the offer HERE) the following features the management buyout team’s (Gary Ashworth, Christopher Eldridge and David Bygrave, (‘Chisbridge’)’s) reasonings for the offer (in bold italics) and my responses following…

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

Published 37 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 38 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...

Plexus Holdings – another warning as conditions remain “challenging”

Published 40 days ago

“Trading Update” announcement from Plexus Holdings (POS) includes early that “although Plexus continues to pursue a number of specific opportunities in the North Sea and overseas, where discussions are progressing well, some of these are taking longer than anticipated to conclude” and that “a number of encouraging new contracts are currently being negotiated and are now likely to be concluded early in the next financial year, to June 2018”. Uh oh…

21st Century Technology – “Contract Win” & “Directorate Change” announcements, but what about the financial position?

Published 41 days ago

I previously commented on 21st Century Technology (C21) “having admitted ‘liquidity issues’, it’s expensive debt ahoy (it hopes!)”. The company has today made “Contract Win” and “Directorate Change” announcements…

MediaZest – “Significant Project Completion” ramparoonie (Oops, sorry) ‘announcement’

Published 48 days ago

“Significant Project Completion” announcement sees shares in MediaZest (MDZ) currently around 30% higher on the day. Oh, it’s a “Non-regulatory”, RNS Reach ramparoonie (Oops, sorry) ‘announcement’…

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

Published 53 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…

Richoux – review as shares crash on full-year results announcement

Published 59 days ago

I looked at Richoux Group (RIC) in October – review as shares soar on appointment of founder and former CEO of Prezzo – and today note the shares currently more than 27% lower, at 20p, on the back of a results announcement for the company’s year ended 25th December 2016...

Imaginatik – what’s with the radio silence?

Published 63 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?...

Hayward Tyler – does trading update support recently stated “good progress”?

Published 66 days ago

Last week I questioned stated “continued good progress” by Hayward Tyler (HAYT), with it having produced a profit warning as recently as 20th February. The following updates with the shares currently on the rise, at around 55p, on the back of a trading update the company “is pleased to provide” for its year ended 31st March 2017…

Westminster Group – emphasises “pleased” & placing “oversubscribed”. Hmmm…

Published 67 days ago

Westminster Group (WSG) “is pleased to announce a placing” (to raise a gross £1 million at 10p per share) and “the conversion of the balance of the convertible loan notes issued to Darwin Capital Ltd eliminating the facility”. The shares have though responded more than 15% lower…

BNN Technology – placing “to fund exciting and transformational new developments”. Really?...

Published 73 days ago

Lucian Miers previously warned on BNN Technology (BNN) HERE and will update here in due course. But the following just takes a quick look at the numbers and placing the company has announced today...

Hayward Tyler – reports “continued good progress”, what about the February profit warning?

Published 74 days ago

Hayward Tyler (HAYT) has announced £3.7 million of new order wins, emphasising these “in addition to those already announced in March as evidence of our ability to convert our strong pipeline into order intake”. Hmmm, this follows a profit warning as recently as 20th February though…

Inspirit Energy – half-year results claim “adequate resources”. Really?...

Published 76 days ago

Having featured in the ‘New Year bury bad news stakes’ and with questions having been raised about CFO Nilesh Jagatia, I note shares in Inspirit Energy (INSP) remain in the doldrums following half-year results announced on 31st March. I also note the announcement was made at 9.49am. An attempt to miss the usual 7am RNS scrutiny?...

Hornby – updates on turnaround progress. A recovery play?

Published 79 days ago

Previously updating on hobby products group, Hornby (HRN) I concluded that some decent underlying progress looking to now be being made saw the shares onto the watchlist for recovery. The company has now further updated…

HaloSource – 2016 results, cash crunch AHOY!

Published 79 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…

Strat Aero – “Trading Update”, what’s the real balance sheet picture though?

Published 83 days ago

Strat Aero (AERO) “announces a trading update ahead of its full year results for the year ended 31 December 2016”. Hmmm – it’s already April 2017 though. I’d suggest this doesn’t bode well…

CloudCall – 2016 results, sufficiently funded to reach break-even?

Published 87 days ago

Having previously updated on CloudCall (CALL) HERE, I note the integrator of voice communications into customer relationship management platforms has now announced results for the 2016 calendar year. These emphasise “a year of excellent progress for the business” and a “strong start to 2017”, though have currently seen the shares slip back towards 100p…

Steve Moore Sell tip of the year, Sabien Technology - TIMBERRRRR…

Published 88 days ago

Noting the balance sheet in conjunction with its trading, towards the end of 2016 I put forward Sabien Technology (SNT) as a sell tip for 2017 at 3p – questioning at what price another attempted bailout fundraising so soon after the previous one? We now have the answer…

AIM still shrinking as another two bite the dust and more to come this week

Published 90 days ago

As at the end of February the number of companies listed on AIM had fallen to 973 – down from 982 at the end of 2016. Having seen 7 new admissions in the first two months of this year, that means that 16 companies disappeared off into the ether during the same period and the world’s most successful growth market has shrunk back to levels not seen since 2004 in terms of the number of companies listed. This morning saw the demise of Rapidcloud (RCI) and North RiverResources (NRRP).

Starcom – “pleased to present” 2016 results, shares slump again…

Published 95 days ago

Chairman of tracking, monitoring and protection technology company Starcom (STAR), Michael Rosenberg, is “pleased to present the final audited accounts” for 2016. The shares have currently responded more than 17.5% lower, to 1.75p. Hmmm…

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

Published 96 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?...

CAP-XX – interims argue “excellent progress”, but financials look CrAP (XX)

Published 97 days ago

Self-described “world leader in the design and manufacture of supercapacitors, which considerably extend the performance of batteries”, CAP-XX (CPX) has announced results including that it “has again made excellent progress over the six months to 31 December 2016 and beyond in building on and refining its strategy”. Sounds positive. What? The shares currently 16% lower, at 8.5p?!?…

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

Published 101 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 101 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?...

Audioboom – claims “impressive KPI performance”, but what about cash?

Published 114 days ago

Shares in spoken-word audio platform company Audioboom (BOOM) are currently recovering above 3p on the back of a “First Quarter KPI Update” announcement. Hmmm, let’s take a look…

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

Published 114 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…

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

Published 116 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 118 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?...

Hayward Tyler – second half weighting, though not ‘as expected’…

Published 125 days ago

An update from engineering group Hayward Tyler (HAYT) commences that, “as expected”, there is proving to be a second half weighting “with aggregate order intake of £24.3 million secured in the four months to 31 January 2017… and a significant increase in the order book to £52.2 million”. Sounds promising… but what? “The board now anticipates reporting lower revenue for the financial year ending 31 March 2017”?!?...

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

Published 128 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...

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

Published 131 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…

Northbridge Industrial Services – another trading update it’s “pleased to issue”, yet sees the shares slide

Published 135 days ago

Northbridge Industrial Services (NBI) is “pleased to issue” a trading update for the 2016 calendar year, yet the shares have responded more than 8% lower to 123.5p. Hmmm...

Hornby – claims turnaround “on track” and “robust current trading”. A recovery play?

Published 138 days ago

Hobby products group, Hornby (HRN) has emphasised “turnaround plan on track and robust current trading” - and the shares have responded currently just over 7% higher to 33.5p. Is it recovery ahoy here?...

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

Published 144 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?...

PhotonStar LED – loss warning, product modifications needed & cash crunch ahoy as CEO claims “good progress”!?!

Published 146 days ago

“James McKenzie, Chief Executive of PhotonStar (PSL), said: ‘In 2016, we made good progress in transitioning the group into becoming a retrofit connected lighting and building management business’”. Good, good. You what? The shares currently more than 15% lower, at sub 1p, in response to the announcement…

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

Published 156 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”

Nature Group – Sale of Gibraltar operations sparks shares, but what of trading?

Published 159 days ago

Previously writing on another ludicrous results statement from Nature Group (NGR), I noted ‘we’ll see on the loss-making Gibraltar entity (“held for sale” net assets on the balance sheet £0.79 million)’. Today there is a “Sale of Gibraltar Operations” announcement, though which also includes a trading update…

Teathers releases Annual Results: where has all the money gone?

Published 159 days ago

Formerly AIM-listed Teathers Financial (TEA) has released numbers for the year to 31 October 2016. They are truly shocking. In its year to October 2015 the group balance sheet sported a net assets value of about £800,000 having raised just over £1 million in the year. That is pretty bad. But as at 31 October 2016 (having raised no further cash) net assets came in at about just under £70,000 with just £658 in the bank. Where did it all go?

Crawshaw – argues “we continue to be encouraged”, the market isn’t…

Published 170 days ago

Fresh meat and food-to-go retailer, Crawshaw (CRAW) has updated on trading including “we have continued to build on the progress noted in our last update with the improvements in sales and customer numbers being maintained through December as planned” and “we continue to be encouraged by the customer response to the recent changes we've made”. So why are the shares currently approaching 8% lower, at 23.5p?...

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

Published 184 days ago

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

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

Published 193 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 193 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…

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

Published 195 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…

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

Published 200 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…

Imaginatik – half-year results note “tangible results for our customers”, but what about for shareholders?…

Published 201 days ago

Having fallen towards 1p after being above 5p as recently as May, shares in Imaginatik (IMTK) are currently recovering to around 2p on the back of results for the company’s half year ended 30th September 2016…

OneView Group – half-year results show reason for additional loan facility

Published 201 days ago

Having most recently warned on OneView Group (ONEV) last month HERE, the company has now announced an additional loan facility and results for its half year ended 30th September 2016 showing why…

DP Poland – sale and sub-franchising of Krakow stores, shares further higher…

Published 206 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 the sale and sub-franchising of 4 stores in Krakow – and the shares have reacted further higher…

Scholium Group – half-year results admit non-delivery of the expected return on increased capital…

Published 206 days ago

I previously warned on rare books and collectibles group Scholium (SCHO) on the back of an October trading statement – and the shares are currently further lower, at 34p, on the back of the results announcement for the company’s half-year ended 30th September 2016…

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

Published 207 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 208 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 208 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…

Why I've Sold All My Advanced Oncotherapy Shares.

Published 211 days ago

Hello Share Mongers. About two years ago I suggested you take a look at Advanced Oncotherapy (AVO). I was glad I did as I seem to recall that the shares rose from about 3p at the time to around 18p. 

Imaginatik – argues “confident”, but should it be?

Published 213 days ago

A trading update for the six months ended 30th September sees innovation software and consultancy company, Imaginatik (IMTK) “confident we have the foundations in place for future success”. Investors though don’t seem as confident – the shares currently remaining slumped at around 1.6p...

Hornby – turnaround progress any smoother than half year results issuance?

Published 213 days ago

Hobby products company, Hornby (HRN) announced results for the six months ended 30th September 2016 at 7am claiming “good progress with turnaround plan”. This didn’t though extend to the announcement itself - as the financial tables weren’t included! A replacement announcement was then made at 09:41 – does the company's turnaround progress look smoother? …

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

Published 227 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...

Ten Alps – results “extremely disappointing”, but reckons to now be profitable. Sound familiar though?

Published 228 days ago

Shares in Ten Alps (TAL) have continued to fall on the back of results for its year ended 30th June 2016, which noted “a disappointing and painful period for the group”, but also that “hard decisions have been made and remedial actions taken to structure the business for success”. Hmmm...

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

Published 229 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…

Distil – half-year results, banking gains correct?

Published 239 days ago

Having recommended shares in drinks brand owner Distil (DIS) on the subscription Nifty Fifty website last year at a 0.9p offer price, we last month opted to bank gains at a 1.35p bid. The following reviews on the back of results from the company for the six months ended 30th September 2016…

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

Published 242 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 243 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...

Hayward Tyler – disappointing H1, but reckons still to meet full year expectations. Hmmm…

Published 248 days ago

Shares in specialist engineering group Hayward Tyler (HAYT) currently trade more than 10% lower, heading towards 80p, despite a trading update announcement including “management is positive in the group's ability to meet full year market expectations”. Hmmm…

Digital Barriers – credit facility ahead of interim results?

Published 250 days ago

Having warned on shares in Digital Barriers (DGB) last year, I note an announcement of a £10 million credit facility – with this following a trading update announcement last week…

LightwaveRF – “pleased to announce”… an uber-expensive loan (& trading warning)…

Published 253 days ago

LightwaveRF (LWRF), “enabling domestic and commercial users to remotely monitor and control light, heat, power and security by smartphone, tablet or PC… is pleased to announce that it has entered into an agreement with its principal shareholder, Committed Capital Financial Services Limited for a loan of £150,000”. Uh oh – sounds like ‘keep the lights on’ stuff…

Time Out – claims “incredible milestone” in it to bring “highly successful” market format to London. Hmmm…

Published 256 days ago

Having recently been “very excited” to announce a second ‘Time Out Market’, Time Out Group (TMO) is now “absolutely delighted to announce that we will be bringing our unique Time Out Market format to London”. The following reviews with the stock market not particularly delighted – the shares currently 1.4% higher at 141p, still comfortably below the 150p June IPO price…

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

Published 257 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 258 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…

Progility – “pleased to present results”, shares down approaching 40% in response...

Published 260 days ago

16 Sep 2016: “Progility plc (PGY), the Professional Services, Healthcare and Communications firm… intends to publish its full year results for the period to 30 June 2016 in the week commencing 26 September 2016”27 Sep 2016: “the company now intends to publish its final results, for the year ended 30 June 2016, on or before 7 October 2016”07 Oct 2016, 11:06am: “Final Results” announcement. All sounds a bit disorganised… and the shares slumped by 39% lto 1.6p, despite Executive Chairman Wayne Bos being “pleased to present Progility's results for the twelve months to 30 June 2016”.

Brammer – Q3 trading & financial position update, from bad to worse…

Published 261 days ago

Having joined industrial supplies distributor Brammer (BRAM) as CEO on 1st August, Meinie Oldersma has purportedly “been impressed by the market position and the expertise and the quality of people the group has built over the last few years”. However, the shares are currently more than 30% further down, at 87.5p, on the back of the “Update on Q3 Trading and Financial Position” announcement. Hmmm…

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

Published 261 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…

SRT Marine Systems – trading update; disappointing first half, better to come?

Published 262 days ago

Having soared towards 60p in August, shares in SRT Marine Systems (SRT, formerly Software Radio Technology) are currently around 8% lower today, at circa 40p, on the back of a “Half Year Trading Update” announcement. Hmmm, let’s take a look…

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

Published 264 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…

Digital Globe Services – full-year results it’s “pleased to report”, shares down a further more than 17% in response…

Published 264 days ago

“Digital Globe Services (DGS), a leading provider of digital marketing solutions for large, consumer-facing organisations, is pleased to report its final results for the year ended 30 June 2016”. Hmmm, the shares are currently more than 17% lower, at 38p, in response…

Audioboom – agreement for investment from China “not yet been reached”, surely not to be cash crunch ahoy AGAIN!

Published 265 days ago

On 5th August Rob Proctor, CEO of spoken word audio platform Audioboom (BOOM), was “pleased to report that Audioboom has made further tangible progress in H1 2016, growing revenue, securing significant new content partners and further broadening its geographic distribution”. However, the financials showed it was cash crunch ahoy. Less than an hour later it was placing ahoy and there is now a “Strategic investment discussions update”

Igas – dire interims, bondholders take box seat as covenant breach looms

Published 268 days ago

Rarely does one find good news in results which are released at the last minute, and in the case of Igas the recent record of fairly prompt reporting suggested that leaving the interims to deadline day would be a bad omen. This morning’s numbers and, more to the point, update on the bond situation reads badly – for all the positive spin applied. The numbers aren’t good, a bond covenant breach is expected in the second half of next month and then there is the question of how long it may be before the cash simply runs out.

Vislink – half-year results, TIMBERRR!

Published 268 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…

21st Century Technology – half-year results admit “liquidity issues”! …

Published 270 days ago

Technology provider to the transport industry, 21st Century (C21) has announced results for the first half of 2016 including that “there are a number of positive initiatives happening within the group”. The following updates with the shares currently remaining slumped at 1.625p…

Nature Group – “pleased to announce” results as shares slide on another ludicrous statement…

Published 270 days ago

Following an absolutely ludicrous results statement previously, Nature Group (NGR) is “pleased to announce the unaudited interim results for the six months to 30 June 2016”. The shares are currently approaching 8% lower, at 4.375p, in response. Is the company at it again? …

Despite Posting a Loss, Allergy Therapeutics is Not to Be Sneezed at

Published 271 days ago

Hello Share Puzzlers. Thank goodness the hay fever season is over. I no longer suffer, having moved to the seaside, but the horror of a blocked conk and streaming eyes remains. You may have noticed that allergies seem to be on the rise. At least the number of folk who complain about them is.

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

Published 272 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 276 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 276 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 276 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 278 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…

Avarae Global Coins – review of full-year results, tender offer & proposed delisting

Published 279 days ago

Avarae Global Coins (AVR) describes itself as “the UK's only publicly traded specialist company dedicated to purchasing, holding and selling rare and high quality coins”. If it gets its way, that is not to be the case for much longer…

Intercede – from “well positioned for future growth” to trading “below expectations” in just over 3 months…

Published 282 days ago

Intercede (IGP), a software and service company specialising in jargon to describe what it does (sorry, specialising in “identity, credential management and secure mobility”) has announced it “has had a slow start to the current financial year and is continuing to experience delays in the receipt of anticipated MyID license orders from both new and existing customers”. Uh-oh…

IndigoVision – half-year results suggest potentially good value

Published 283 days ago

Despite the company arguing that “results for the first half of 2016 are a strong improvement on 2015”, shares in video security systems group IndigoVision (IND) are currently more than 5% lower, at 150p, on the results announcement. Let’s take a look...

Driver Group – confirms a second half year return to profit, so why are the shares crashing again?

Published 284 days ago

Construction and engineering industries consultancy group Driver (DRV) “is pleased” to confirm a return to profit during the second half of its year ending 30th September on turnover expected to be roughly 7% ahead of that recorded at the interim stage. The following though reviews, with the shares currently more than 11.5% lower, at 42p...

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

Published 285 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…

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

Published 291 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 291 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…

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

Published 293 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…

Pressure Technologies – “Update on Recent Trading” = Another Profit Warning…

Published 299 days ago

Having initially warned of further downside risk with the shares at 166p HERE, I note shares in Pressure Technologies (PRES) are currently more than 11% lower today, at 140p, on the back of an “Update on Recent Trading”

LoopUp Group – shares to loop up or down following AIM IPO?

Published 304 days ago

“LoopUp Group plc (LOOP), a global software-as-a-service provider of remote meetings, is pleased to announce… admission of its ordinary shares to trading on the AIM market… The reception from investors… reinforces our belief that our differentiated product, business model and plans for the future provide the foundation needed to deliver on our potential as a public company”. With the shares currently at 112.5p, up from a 100p admission price, let’s take a look…

Molins – “Half-year Report” announcement = Profit Warning…

Published 305 days ago

Half year results from Molins (MLIN) – the company's first stated “Key point”“Results in line with management expectations”. Good, good. Final such point: “the board is taking a more cautious view of the short-term trading outlook and has revised downwards its trading expectations for the current year”. Uh-oh...

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

Published 306 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…

Image Scan Holdings – does latest “Trading Update” justify recent share price gains?

Published 307 days ago

Having risen from 2.375p a month ago to 5.75p, shares in Image Scan Holdings (IGE) are currently further higher, at 6.25p, on the back of a “Year End Deliveries Trading Update” including that “the company anticipates to have recognized the sale of approximately half this £800k order by the end of the financial year and therefore now expects to materially exceed current market expectations”

21st Century Technology – you were warned & it’s now profit warning ahoy

Published 310 days ago

Unlike its previous “Trading Update” announcement, it’s not ‘no one watching o’clock’ this time - but it is the same end result for shares in 21st Century Technology (C21); they're crashing...

Kellan Group – Half-Year results. “A market leading recruitment business”, Really? …

Published 310 days ago

Self-described “market leading recruitment business” Kellan (KLN) has announced results for the first six months of 2016. The shares are currently down 24%, to 0.95p, in response...

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

Published 312 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…

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

Published 316 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…

MediaZest - “pleased to provide shareholders with final results for the year ended 31 March 2016”. Hmmm…

Published 317 days ago

“MediaZest (MDZ), the creative audio-visual company, is pleased to provide shareholders with final results for the year ended 31 March 2016… Best ever financial results with turnover of £3,144,000 and EBITDA profit of £58,000”. Hmmm, let’s take a closer look…

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

Published 319 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...

Purplebricks – now Old Mutual heading for the exit?

Published 332 days ago

We spotted that that the Chief Marketing Officer of AIM-listed Purplebricks (PURP) had been beating a hasty retreat the other day, selling £341,000 worth of shares acquired from the exercise of options almost as soon as the certificate arrived. But it seems that Old Mutual had a similar idea.

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

Published 334 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?

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

Published 334 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…

The Guardian Newspaper set to lose £173 million but sadly years away from going bust

Published 335 days ago

According to reports elsewhere in the deadwood press, the appalling left wing Guardian Newspaper is set to report a full year loss of £173 million. That is the good news. The bad news is that the Guardian it is years away from going bust.

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

Published 338 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...

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

Published 341 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…

Rurelec – FY15 report published; finger of blame pointed

Published 344 days ago

Blow me down! Having been suspended for failing to get its accounts out on time AIM-listed Rurelec has finally got its calendar FY15 numbers out. Fair play to the two-man board: with an ongoing cash-crisis as they try to rescue the company from its dire situation the workload must be extreme. With the numbers now out (after-hours, of course!) the shares are expected to resume trading on Monday. As to the report, it is dreadful – and the finger of blame is firmly pointing in the direction of the old guard under Peter Earl. It is a shocking read.

IndigoVision Group – “camera volumes increased markedly” & cash up, but…

Published 352 days ago

Having previously been positive on shares in IndigoVision Group (IND), I last concluded, with the shares then at 267.5p, that it was difficult to be particularly confident and that I’d look for safer value elsewhere (see HERE). I now update with the shares currently approaching 6% lower today, at 123.5p, on the back of a trading update for the first half of 2016…

Ilika – full-year results beg the question when’s it attempted discounted fundraising ahoy?

Published 352 days ago

Commenting on today-announced results for the company’s year ended 30th April 2016, Ilika (IKA) Chairman, Mike Inglis, notes “since my appointment as Non-Executive Chairman at the AGM last September, I have been very encouraged to see the technical progress and increased commercial focus at Ilika. The definition of a clear solid state battery roadmap and the launch of the Stereax M250 have been important milestones on the road to commercial success”. The following reviews with the shares currently more than 14% lower, at 45p…

Ten Alps - “Directorate Change” announcement = CEO walking the plank

Published 359 days ago

Having recently noted that TV and multimedia content producer Ten Alps (TAL) faced an unenviable combination of issues, the company has now announced that “Mark Wood, Chief Executive Officer, has notified the board of his decision to step down as CEO and as a company director with immediate effect, which was accepted… The company has no immediate intentions to appoint a new CEO”. Hmmm…

Strat Aero – 2015 results at the last minute & after AGM, I wonder why? …

Published 359 days ago

Drone company Strat Aero (AERO) has announced results for the 2015 calendar year ridiculously late and after its AGM earlier on 30th June. I wonder why? …

Image Scan Holdings – “Distribution Agreement”, how’s the jam tomorrow looking?

Published 367 days ago

Long-time purveyor of jam tomorrow (sorry, of X-ray screening systems to the security and industrial inspection markets), Image Scan (IGE) has followed results for its half year ended 31st March 2016 with a “Distribution Agreement” announcement. Let’s take a look…

Hornby – self-declared “disappointing” results, can further new money fund a recovery?

Published 368 days ago

Hobby and toy products group Hornby (HRN) has announced results from an “extremely challenging” year, along with a placing and open offer to fund a new business plan which it is “confident… can be delivered successfully and that Hornby can return to being a profitable and cash generative business which will progress to delivering shareholder value”. Hmmm…

Filtronic – “Trading Update”; it reckons “strong”, but is it?

Published 370 days ago

Electronics products for the wireless telecoms infrastructure and adjacent markets-focused Filtronic (FTC) has released a “Trading Update” announcement emphasising “a strong sequential second half (to 31st May 2016) performance” and helping the shares up currently approaching 7.5%, to 10.875p, in response. Let’s take a look…

CloudTag – the equity issues go on and on…. And on and on…

Published 374 days ago

“CloudTag (CTAG), the company that brings personal monitoring to the health, wellbeing and fitness markets, is pleased to announce an operational update and to announce it has raised £470,000 by way of a subscription for new ordinary shares”. At 6.05p, this now means a market cap here of more than £19.5 million. Hmmm…

Purplebricks – full-year results, increased loss… but Australia here it comes!

Published 374 days ago

Purplebricks (PURP), the hybrid online and 'local property expert'-based estate agent, has announced results for its year ended 30th April 2016, noting that “we continue to scale and anticipate that the UK business will move into profit in the current financial year” and that it is to launch in Australia. With the shares currently slightly lower, at 130p, in response, the following reviews…

Surface Transforms – trading & operations update, more jam tomorrow?

Published 374 days ago

Following a recent “successful fundraising” (AKA a smaller investor shafting), Surface Transforms (SCE) has released a “Trading, Premises and Operating Update”

Christie Group – AGM statement, relying on second half year recovery. Hmmm…

Published 375 days ago

Shares in provider of professional business services and stock & inventory systems and services, Christie Group (CTG) are currently trading lower on the back of an “AGM Statement” announcement. Let’s take a look…

Time Out Group – IPO, an absolute rum n’ coke

Published 376 days ago

Time Out (TMO), founded in 1968 as a London culture and entertainment magazine, has listed on AIM at 150p per share, to capitalise the group at £195 million. Founder Tony Elliott sold a controlling share to private equity firm Oakley Capital in November 2010 with the “strategy to transform what was a traditional print brand into a leading digital platform”. Apparently Oakley “invests in and supports the continued growth and development of some of Europe’s leading companies”. Financially, this ain’t one of them…

Imaginatik – placing complete, but sufficient to net cash generation?

Published 376 days ago

Innovation-focused consultancy and software company, Imaginatik (IMTK) has announced completion of a placing it believes, together with an accompanying open offer, “will be sufficient to take the company to the stage where it is generating net positive cashflow”. Hmmm...

Flybe to the Moon and Let Me Play Among This Star.

Published 379 days ago

Hello share switchers. During 2016, I've already suggested that you research a few airlines, as the signs are that most of them will do rather well in the next few years. We can mostly thank the low price of oil. But airports are getting busier all the time. And as many less-developed parts of the world become, well, more developed, more of their residents will want to hit the business and tourism trails.

EU Supply – AGM trading update, can a discounted fundraising be avoided?

Published 383 days ago

Having cautioned on shares in e-procurement software provider, EU Supply (EUSP) at 4.5p in January, I now update on the back of an “AGM Statement” announcement which sees them currently at 4.125p…

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

Published 388 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…

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

Published 394 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…

Driver Group – interims fail to provide post profit-warning boost as dividend axed

Published 396 days ago

Having updated earlier this month that profit would be “significantly short of market expectations” and an increase in the bad debt provision – see HERE, Driver Group (DRV) has announced results for its half year ended 31st March 2016. As expected, they ain’t pretty…

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

Published 404 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 404 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…

MediaZest - ‘keep the lights on’ placing, is ‘transformation’ really ahoy?

Published 410 days ago

“MediaZest (MDZ), the creative audio-visual company, is pleased to announce that it has raised £250,000 (before expenses)… The net funds raised will be used to help deliver current and future projects for existing clients including Hyundai, Adidas, HMV, Diesel and Kuoni. The funds will also provide MediaZest with additional working capital and will help the company to develop new business opportunities and expand the client base”. Hmmm – the amount sounds much more like a ‘keep the lights on’ placing to me. Let’s take a look...

DP Poland – AGM update; Oink, Oink

Published 417 days ago

Previously commenting in March on the company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) I concluded with scepticism on the valuation – a share price rising to more than 28p meaning a market cap of circa £37 million. The shares since retreated slightly to circa 26p, but are currently again on the rise on the back of an “AGM Statement”. Let’s take a look…

Tern – FY Results part 2, what’s in the Annual Report but not in the Results RNS?

Published 511 days ago

I indicated in part 1 of my results analysis that there were a few bits and bobs in the Tern (TERN) Annual Report which had not made in into the RNS version of the FY15 results. Often it pays, when studying a company’s numbers, to begin with the notes to the accounts and then work backwards from there. And so here are a few things which caught my eye.

ShareProphets RNS Translation Service: Asian Citrus “Winter Orange Crop” update

Published 554 days ago

ShareProphets AIM-China Filthy Forty play Asian Citrus (ACHL) has had a history of suffering biblical-style plague and misfortune. Maybe insurance is difficult to get, but yesterday saw the latest in the line of disaster updates from this bargepole stock. The RNS was masterful, so we have wheeled out the ShareProphets RNS Translation Service to assist our understanding of this latest catastrophic release. Original is in bold italics.

AO World – CEO reckons interim results represent “good progress”, he’s havin’ a bubble…

Published 578 days ago

Domestic appliances online retailer, AO World (AO.) has announced results for its half year ended 30th September 2015 and reckons “we are encouraged by the momentum in the business as we enter our peak trading period and have never been more excited about our future prospects”. The shares responded by falling by more than 14% to 140p. Hmmm…

Edge Performance VCTs Interims: Clangers at no-one-is-watching o’clock

Published 603 days ago

Yesterday, in the last RNS of the day which was slipped out at 6.20pm, the latest numbers from the Edge Performance VCTs were released. I was less than impressed when I last wrote about them a year ago (HERE) but following the advent of The Clangers have the numbers improved at all?

UPDATED: Pointless PR puffery RNS of the day – NetDimensions: when’s the Placing?

Published 615 days ago

I had to laugh out loud when I read this morning’s RNS Reach from AIM-listed NetDimensions (NETD). It is normally a pretty bad sign when a company announces that it has won some sort of spurious award, but this really takes the biscuit. You see, it is not even NetDimensions that has won it: it is one of its clients!  The update is the figures from the balance sheet - far, far worse than my first reading.

Red Flags at Night: Goldenport Holdings Inc Interims and offer talks terminated

Published 666 days ago

A bank holiday weekend: what better time is there than 6.29pm on Friday night to slip out bad news?! And so we come to fully listed Goldenport Holdings Inc (GPRT) which did exactly that, in the form of its interims. But it was not just that this came at no-one-is-watching o’clock, there were a few other matters which anyone holding this stock might want to pay attention to – if they are not blinded by subterfuge.

Pay Your Store Workers a Bit More, Tesco. Every Little Helps.

Published 727 days ago

Hello Share Twiddlers. I hold shares in Tesco (TSCO). I have written before on this lip-smacking site in anticipation of a big recovery after disastrous figures. But now I am not so sure.

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