The May edition of the UK Investor Magazine is live - Tips, UK Investor Show photo feature, and the the end of the EU
British Airways- why I was not flying Saturday: an ex customer writes about it and the journalists it bribes
Published 1 hour ago
Chamberlin (CMH), a 105p offer price share tip from ourselves last month, has announced results for its year ended 31st March 2017 and that ongoing growth is “supported by major new contracts coming on stream”. The shares are now 154p! Who's Da Daddy???
Published 4 days ago
November 72p offer price share tip, Sanderson Group (SND) has announced results for its half year ended 31st March 2017 and that it has “a good level of confidence that the group will continue to make further progress and deliver trading results in line with market expectations for the current year”.
Published 6 days ago
I can’t help but notice that in the wake of a couple of Bracknor death-spiral loan note conversions, shares in AIM-listed Advanced Oncotherapy have rather slipped again. Indeed, having scraped onto the 27.5p watermark on Monday last week (and thus avoided an EGM to drop the nominal price of the shares) as the result of spoof boardroom buying, it has been one-way traffic ever since, down to 22.75p last seen.
Published 11 days ago
Well, well. How do you issue shares at a discount to par? Simple: pay a whopping fee to the subscriber. AIM-listed Advanced Oncotherapy (AVO) has announced another loan note conversion under its death-spiral funding package with Bracknor and a new fee seems to have appeared which might just derail discussions between the company and its auditor as they work on the going concern statement for the forthcoming FY16 results due out by the end of next month. Oh dear, oh dear.
Published 28 days ago
It’s annual appraisal time for the squad members with annual results for the year to 30 December 2016 due in for many of them by 30 April. It was always going to be the strong favourite that most would leave it to the last minute so thought I’d provide a quick summary of who announced and when and include some commentary on each.
Published 55 days ago
Updating previously on K3 Business Technology (KBT) in January, we noted a most disappointing profits warning. This is now reflected in announced results for the company’s half-year ended 31st December 2016 – about which we have now spoken to management…
Published 60 days ago
We had already been warned that React Group (REAT) had faced one or two issues in the last financial year notably the dismal performance of the EPUK Unit. Thus results a week or so ago were not good but that should have been expected.
Published 66 days ago
Hello Sharemates. As predicted on this glorious website some time ago, the share price of IQE (IQE) would fall on reporting day - and then recover. In the event when the figures were revealed on Tuesday, the shares fell by about 12%. This was not logical, as the results were rather perky, as I outlined at the time.
Published 68 days ago
Hello Share Smackers. After a long - and for me nervous - wait, the full results for IQE (IQE) are in. And as I predicted on this terrific website, the shares fell on the announcement.
Published 74 days ago
Technology sectors-focused recruitment group, InterQuest (ITQ) has announced results from a “challenging” 2016 year of“transformation” following a change in executive management, though is “cautiously optimistic about 2017”.
Published 79 days ago
Symphony Environmental Technologies (SYM) has announced results for the 2016 calendar year and that “we expect to build on the positive momentum and are optimistic for a successful year ahead”.
Published 95 days ago
For a company with revenues of exactly nil despite all the lies about guaranteed sales of $5.2 million etc, the fraud Cloudtag (CTAG) takes an awfully long time in publishing its (bound to be dire) results for the year to 30 September. If you want to win a bottle of Distil's finest Red Leg Rum then it is time to enter our Cloudtag results competition. Here is how.
Published 99 days ago
AIM-listed investment company Tern plc (TERN) released its results for calendar 2016 on Friday. On the face of it the numbers, delivered with commendable speed, were excellent and with the shares up by 14.5% on the day the market seemed to like what it saw. But I wonder just how hard the numbers really are.
Published 135 days ago
UK value footwear retailer, Shoe Zone (SHOE) has announced results for its year ended 1st October 2016, that it has made a “solid start” to its current year and that “the board remains positive for the outlook of the group”.
Published 144 days ago
This is one of our worst share tips and also one of my (TW) worst investments of recent years. Collectibles group Stanley Gibbons (SGI) has announced further dire results - this time for the six months ended 30th September 2016 - though “is optimistic that the trading of the group is now beginning to reflect the giant strides made through the restructuring plan in a year of substantial transition” (including a completely new board of directors).
Published 147 days ago
Following positive results at the start of December, shares in Character Group (CCT) went on to exceed 530p. However, following news of director share sales they slid to a 495p offer price at which point in December we tipped them to our readers on the Nifty Fifty website we run with Lucian Miers. The shares are now 510p and still a buy.
Published 176 days ago
Recent share tip, Sanderson Group (SND) has announced results for its year ended 30th September 2016 and, chatting to management, they remain conscious of macroeconomic risk but doesn’t currently detect any loss of confidence in the company’s areas of focus and are confident of making further progress.
Published 207 days ago
Intelligence, security and cyber defence group Falanx (FLX) has announced results for its half year to 30th September 2016 and a “continued drive to positive cash flow from operations next year”.
Published 210 days ago
In this, the 31st day of the tenth month in the year of Trump, we have today been delivered results from oil services group Plexus (POS) that are truly abysmal. One broker described them as "shocking" but that is unfair, we have been warning you for a long time that Plexus is in deep merde and things will only get worse.
Published 213 days ago
Andrew Monk does understand travel. Most brokers only understand it in that they collect air miles flying 1st class on expenses on Corporate jollies. Monk did actually run an airline as well as being a top City travel guru in days gone by. Thus his comment today on results from International Consolidated Airlines (IAG), the son of British Airways, are worth heeding.
Published 217 days ago
Geospatial and cloud services company 1Spatial (SPA) has announced self-admitted "disappointing"results for its half-year to 31stJuly 2016, though that “management believes the group is still on track to meet full year expectations which is an overall increase on the prior year revenues and adjusted EBITDA”.
Published 218 days ago
These numbers from ADVFN (AFN) were snuck out late on Friday. In part they relate to me and I can say that they are categorically misleading and so here I set the record straight. And then I analyse. This may well be commercially damaging for me but I am not going to stay silent this time as I explained yesterday HERE
Published 232 days ago
Premaitha (NIPT) announced late last week its results for the year to March 31 2016. Given the pace of events here these historic numbers do not mean that much but for the record:
Published 236 days ago
Only posters on the LSE Asylum get it right 100% of the time. That is why they are all millionaires but are so generous that they still share their wisdom with the rest of us. Steve & I don't always get it right. Since we launched the Nifty Fifty website almost four years ago our second worst tip has been Stanley Gibbons (SGI). Overall we are still c20% per tip up with an average holding period of less than a year. But this one has not helped our average.
Published 240 days ago
Half-year results from Petropavlovsk (POG) emphasise a return to profitability, though also reiterate that for the full year “expectations to be at the lower end of our original guidance of c.460,000-500,000oz” and net debt of $598 million.
Published 242 days ago
Ten days ago we identified ten of the (only) seventeen still-listed members of the ShareProphets AIM-China Filthy Forty which had a results reporting deadline of tomorrow (Fri 30 Sept) to meet. Actually, it was eleven as although Asian Citrus (ACHL) has a year-end of March it is dual listed in Hong Kong and only gets three months to report its finals there. But it won’t make it and has been suspended – as has MoneySwap (SWAP) which can’t get its accounts out on time. Which of the Filthy Forty are still to report, with just one day to go?
Published 242 days ago
Universe Group (UNG) has announced results for the first half of 2016 showing increased earnings, but noting full-year performance “will be slightly below management expectations”.
Published 248 days ago
Fox Marble (FOX) has announced results for the first half of 2016 – including admitted “disappointing” revenue of €0.262 million, but that the “board is positive about the outlook for the company for the remainder of this year and into 2017”.
Published 250 days ago
Safestyle UK (SFE) has announced results for the first half of 2016 and that it“remains confident of making further progress and delivering a full year outturn in line with management expectations”.
Published 254 days ago
Reach4Entertainment (R4E) has announced results for the first half of 2016, noting “we are pleased to report a strong first six months”, though that “the second half is expected to be more challenging”.
Published 256 days ago
Action Hotels (AHCG) has announced results for the first half of 2016 and, noting “increasing demand for quality, internationally branded economy and mid-market hotels” in its Middle East and Australia areas of operation, “remains optimistic about the future as the group continues to deliver the pipeline”.
Published 257 days ago
K3 Business Technology (KBT) has announced results for its year ended 30thJune 2016 and we’ve had a chat with management. The shares are ahead on the news to 343-352p. Not bad given we tipped this at a 149p offer
Published 270 days ago
Last night at no-one-is-watching o’clock ISDX-listed Etaireia Investments released its annual numbers to 31 March 2016. The balance sheet held a few horrors, such as net current liabilities of £130,586 which in interesting in the wake of the RNS released on 17 August 2016 which told us that the company had ponied up £50,000 (deferred for a year) in addition to 203,076,923 new shares at 0.065p (although it took two goes for the company to get that bit right) in order to acquire a commercial property.
Published 299 days ago
Wandisco (WAND) has today published results for the half calendar year which indicate that at June 30th the company was bust. Thank heavens it got an equity placing away shortly afterwards but did it tell punters how bad things were before it got their cash? And how soon before the next bailout.
Published 315 days ago
In its results to June 2015, which were finally published almost six months late and were heavily qualified by the auditor which not only raised a material uncertainty in the Going Concern statement but also issued a disclaimer of opinion on a number of matters in the accounts, we were told that the board of the Filthy Forty's LED International (LED) anticipated the (now more than three and a half months late) interims to Dec 2015 would be announced during the first half of July...
Published 318 days ago
Insolvency, restructuring and property services group Begbies Traynor (BEG) has announced results for its year ended 30th April 2016 and that, although cautious, “the recent acquisition of the Pugh auction business, together with the Taylors valuation business, gives the opportunity for growth in earnings in the new financial year”.
Published 319 days ago
Firstly to thank the eponymous Chairman of builders’ hardware and bathroom products manufacturer, Samuel Heath & Sons (HSM) for a management statement which was a, most rare in these times, spin-free pleasure to read. However, the statement includes an outlook warning…
Published 331 days ago
ShareProphets AIM-China Filthy Forty play Taihua (TAIH) released its FY15 numbers on Thursday – deadline day to avoid suspension under AIM Rules. But they were released after-hours at 4.52pm: talk about last-minute. The numbers are a horror, but then so is the Auditor’s Qualified opinion, and the material uncertainty warning in the Going Concern Statement.
Published 333 days ago
I pointed out at the weekend why cash guzzling, dodgy accounting, jam tomorrow, RNS misleading, worthless piece of Turkish Servision (SEV) may have a few issues with its results. But where are those results for calendar 2015?
Published 333 days ago
I kid you not: this company has been on the Casino since joining in June 2010 as an investment company with assets of about £3 million and has never invested a cent. Yesterday, ShareProphets AIM-China Filthy Forty company Northwest Investment Group (NWIG) released results for calendar FY15: it still hasn’t invested a cent. But the money is disappearing.
Published 335 days ago
Well you can't say that you were not warned over and over again. This afternoon AIM-listed Rurelec - which has a few balance sheet issues - announced that its FY15 results will not be released by the end of this month (ie by Thursday this week) and so the shares have been suspended. Apparently they are pencilled in for release in a couple of weeks' time but there has to be a question of whether Rurelec shares will ever trade again.
Published 335 days ago
I previously highlighted that a good few of the twenty remaining ShareProphets AIM-China Filthy Forty faced a reporting deadline of Thursday this week, 30 June. In honour of Royal Ascot we ran a poll which showed that readers of ShareProphets reckoned on two or three suspensions/delistings to come over the next (now) just under three weeks. The race has now entered the final three furlongs…how are the runners and riders looking?
Published 335 days ago
Shares in AIM-listed Cloudbuy (CBUY) are off by 7% on publication of results for calendar 2015. They make dreadful reading.
Published 338 days ago
Recruiter Prime People (PRP) has announced results for its year ended 31st March 2016 and that“current activity is resilient across the group”. The results show a pre-tax profit of £2.15 million on net fee income more than 20% higher than in the prior year, at £12.28 million, generating earnings per share of 13.84p, up from 9.28p. The dividend per share was maintained at 8.84p.
Published 339 days ago
China fraud Jiasen (JSI) may well be enjoying its last few days on the AIM Casino as we have news today of a shock delay to its results. Do you want to bet if they will appear at all?
Published 344 days ago
Supplier of branded showers, taps, bathroom accessories, tiles and adhesives, Norcros (NXR) has announced results for its year ended 31st March 2016 and that “with our leading market positions, portfolio of strong brands, continued new product investment and self-help initiatives focused on market share gain, the board remains confident that the group should continue to make further progress for the year ending 31 March 2017”.
Published 346 days ago
Value footwear retailer with 518 stores across the UK and Ireland, Shoe Zone (SHOE) has announced results for its half year ended 2nd April 2016 and that “the group has traded in line with management's expectations since the period end and the board continues to look to the future with confidence”. Its another solid share tip from us but there is more to come.
Published 346 days ago
ShareProphets is delighted to bring you the Filthy Forty Casino Elimination Stakes in celebration of Royal Ascot - it is time to place your bets! Which of the twenty remaining members of the ShareProphets AIM-China Filthy Forty will be suspended, head over to AIM’s Death Row following a Nomad resignation or be executed over the coming four weeks?
Published 352 days ago
Avesco Group (AVS) has announced results for its half year ended 31st March 2016 and that “with net debt now at historically low levels and the Rio 2016 Olympic Games to come over the summer, the outlook for the group remains very positive”.
Published 352 days ago
Distil (DIS), the owner of premium drinks brands including Blackwoods Gin and Vodka, RedLeg Spiced Rum, Blavod Black Vodka, Diva Vodka and Jago's Vanilla Cream Liqueur, has announced results for its year ended 31stMarch 2016 and that “we look forward to further growing revenues and expanding the reach of our brands over the coming year”.
Published 352 days ago
Announcing your annual results at 1.38 PM ensures that some folks will miss the horrors you reveal. London's most useless Nomad, Mr Roland "fatty" Cornish will just be starting course two of four and so will not be back at his desk until the next trading day. So there is some point in sneaking out the bad news in the middle of the day. And that brings me to the trainwreck with Neil Ritson at the wheel, but David Lenigas driving from the back seat, LGO Energy (LGO).
Published 355 days ago
One of my first pieces on this site back in January (HERE) highlighted the clear discrepancy between the half-year results of Xtract Resources (XTR) and all the ramping RNS’s beforehand. Despite assurances to the contrary, it appears that some things never change. Xtract announced its full year results yesterday and the revenue for the full year was £350,000.
Published 355 days ago
I covered Best of the Best (BOTB) last month, noting the positive trading update issued by the company and musing on the outlook given the rather expensive PE ratio at which the company was trading. Today sees the publication of final results which should reassure long-term holders that there are still rewards to be had here.
Published 358 days ago
Having previously warned, calendar year 2015 results from Fox Marble (FOX) are unsurprisingly “disappointing”, though the Kosovo and Macedonia quarrier emphasises that it is now“seeing the results of our efforts in establishing our product in key marketplaces throughout the world and the benefit or having our marble actually installed in developments”.
Published 360 days ago
LGO Energy (LGO) should be publishing the year end accounts for 2015 within the next week. If the accounts are audited we will probably see LGO declaring an operating loss of between £10-15 million. I have not seen any analysts expectations so its hard to assess how the market will react to this.
Published 360 days ago
Following my piece on Wednesday asking what had happened to a second tranche of investment into Leap Gaming, AIM-listed FastForward Innovations (FFWD) yesterday finally got around to an RNS confirming that it has now all completed. Hot on the heels of Cynical Bear’s Gotcha on Boxhill (BOX) perhaps we should start up a ShareProphets Nomad Services outfit - £30,000 a year retainer per company? That’ll do nicely.
Published 360 days ago
Following a true 'no-one watching o'clock’ “Business Update” from DCD Media (DCD), it has followed suit with the results announcement – with a 4:10pm release. I wonder why...
Published 362 days ago
The ShareProphets AIM-China Filthy Forty has seen some tragedies worthy of Shakespeare – see PCG Entertainment yesterday, for example. So now it is time for the light relief, and in that vein we bring you, courtesy of a cracking spot by our very good friend Graham Chester, FY15 results from ISDX-listed Miloc Group Limited (ML.P). It is pure comedy….
Published 363 days ago
Oh dear, oh dear. I have the utmost respect for Richard Poulden who had the grim task of overseeing today’s awful trading update from AIM-China play PCG Entertainment (PCGE) and like Tom Winnifrith I had hoped that his outfit might prove to be a rare winner on the Filthy Forty. My experience of him has been one of immense integrity a very sharp mind so it is with considerable sadness that I am writing this. But a bit more digging later, it looks just awful – although, I must stress, not on Mr Poulden - and there is a worrying implication on fellow Filthy Forty play MoneySwap which is already is considerable trouble. Sadly, I fear that AIM Regulation needs to do a full steward’s here.
Published 384 days ago
Yesterday we had a funding update from cash-strapped ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP). It seems that there are negotiations going on, with hopes that a funding deal worth $4.5 million (call that £3.125 million) can be closed. Meanwhile we are told that some keep-the-lights-on short term funding has been arranged.
Published 385 days ago
AIM-listed ValiRx (VAL) operates in the biotech space, developing cancer drugs. I’ve been pretty beastly in previous pieces (see HERE) but I am pleased to note that the company has seen fit to address the questions asked over Companies House filings. As pointed out HERE they were indeed wrong and they have now been corrected. Good news. My hope is that the questions over the Bracknor funding deal will now be addressed.
Published 388 days ago
1Spatial (SPA) has announced results for its year ended 31st January 2016 and that it “looks forward to the future with confidence”.
Published 394 days ago
In announcing that calendar 2015 results will be published on May 25, R4E (R4E) has issued a pleasing, if brief, trading statement. Chairman David Stoller is quoted as saying:
Published 395 days ago
Hello Share Grubbers. I’m packing my bags for the big UK Investor Show On Saturday time and I hope the organisers are not embarrassed about where I’m staying. I chose the Penn Club which is something to do with excellent Quaker religion, because it is a lovely peaceful place, handy for Uncle Tom’s former pizza parlour. But another reason I stay there is because it is very cheap. In comparison to nearly all the rest of London hotels.
Published 401 days ago
Symphony Environmental Technologies (SYM) has announced results for a 2015 year in which“revenues remained disappointingly static”, but that it “has sufficient working capital to execute its strategy and… as an operationally geared business, now running with a significantly lower cost base, the board looks forward to a financially more successful year in 2016”.
Published 404 days ago
Action Hotels (AHCG) has announced results for the 2015 calendar year – with it“pleased” with “another year of growth… as we continue to execute and deliver our pipeline of three and four star hotels across the Gulf Cooperation Council and Australia into our profitable operating portfolio”.
Published 424 days ago
SpaceandPeople (SAL) has announced results for the 2015 calendar year and its management“believes that SpaceandPeople is creating a solid platform for growth and a sustainable future”. We agree and think this is not discounted in the share price.
Published 429 days ago
REACT Group (REAT), the specialist provider of rapid response deep cleaning and emergency decontamination services, has announced results and that “since the year end the company has traded very well” and “opportunities to acquire niche businesses that add a further offering to our ever expanding client base”.
Published 432 days ago
K3 Business Technology (KBT) has announced results for the six months ended 31stDecember 2015 and the following updates on these following a post-announcement chat with management.
Published 432 days ago
You may or may not have heard of a great UK company called Synthoma (SYNT). It’s one I’ve usually missed in the limited number of news sources I keep up with, anyway.
Published 434 days ago
Results for 2015 from the company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) are headlined “System Sales up 22%. Total corporate stores deliver PLN+1m EBITDA for full year. Commissary makes strong contribution. Group EBITDA losses reduced by 31%”. Hmmm, use of ‘bullshit earnings’ in the headline then, let’s take a proper look…
Published 437 days ago
Leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market, Safestyle (SFE) has announced results from a“record” 2015 and that so far this year “order intake has been significantly ahead of the same period in 2015 and the board looks forward to further progress in 2016”.
Published 438 days ago
As a bear of Gulf Keystone (GKP) since 180p, I note that the shares are now just 11p after the publication of results which are at every level just a disaster - even today this is a storming sell. Where to start?
Published 438 days ago
Berkeley Energia (BKY) has announced half year results, that contractors have been selected for power line and road works and that “with all major approvals in place and with the strong support and backing of the authorities, activities on the ground will commence shortly”.
Published 439 days ago
AIM-listed Igas Energy (IGAS) is my share tip of the year – as a sell. This morning saw its results for the 9-month period to Dec 2015 which did nothing to make me change my stance. Indeed there was a clear warning that the company is on course to breach its bond covenants during H2. The shares remain a stonking sell.
Published 445 days ago
FDM Group (FDM) has announced results for the 2015 calendar year and that “2016 has started well for the group and we are confident that we are well placed to deliver another year of good progress”.
Published 445 days ago
Specialist recruiter InterQuest Group (ITQ) has announced results for the 2015 calendar year and that “the new financial year has started positively”. Good News.
Published 455 days ago
In part two of this series I showed why analysing today's interims leads to just one conclusion - shares in Slater & Gordon (SGH) are going to zero or near as damn it. That podcast can be accessed HERE. Now I look at quite why the poltroons who run S&G did the Quindell (QPP) deal in the first place and why they overpaid so monstrously for a fraud
Published 455 days ago
Slater & Gordon (SGH) interims are out and are disastrous for the Aussie poltroons. The Quindell (QPP) fraud has left S&G on its knees. But before I enjoy another ouzo I start with a look at how this car crash affects Watchstone (WTG) and for it the news is good.
Published 461 days ago
IFA network, The Lighthouse Group (LGT) has announced results for 2015 and that it “is well positioned to deliver future growth”. We are ahead on this share tip but there is more to come.
Published 467 days ago
Ahead of April scheduled results for 2015, Action Hotels (AHCG) has updated that its “nine operational hotels performed strongly and in line with expectations” and that “an increase in reported net asset value is expected as a result of new hotel openings, upward revaluations of existing properties and new additions to the portfolio”.
Published 481 days ago
Provider of home improvement and energy saving & insulation products and services, Entu (UK) plc (ENTU) has announced results for its year ended 31st October 2015 - these impacted by the closure of its solar business, though with some confidence looking ahead.
Published 485 days ago
AIM-listed investment company Tern plc (TERN) released its results for calendar year 2015 this week. ShareProphets has been taking an interest in the AIM investment company world so it seems a good time to take a look at what Tern had to say in its RNS….and what was saved for the Annual Report only. In this part we look at the increase in net assets and where the added value came from.
Published 501 days ago
Avesco (AVS) has announced results from a “record breaking year for the group with operating profit even higher than in 2012 when we had the benefit of the London Olympics in our home territory”, that it “has exchanged contracts for the sale of the freehold land and buildings at its television studios in Wembley” and that “we expect to be able to continue our drive to increase profitability, to generate cash and to grow dividends”.
Published 502 days ago
Shares in Actual Experience plc (ACT) are up to a current 275p, capitalising the company at more than £100 million, on the back of announcements of “a significant order to white label the company's service for a leading, US based technology company” and results for its year ended 30th September 2015. Is the share price spike justified?
Published 536 days ago
Shares in Imaginatik plc (IMTK) currently trade approaching 7% lower, at 5.25p, on the back of results for the company’s half year ended 30th September 2015. This is despite it being “pleased” to announce the results and “pleased with the progress Imaginatik is making”. Hmmm…
Published 538 days ago
Having last commented on Tyneside-based, touch sensor product-focused Zytronic plc (ZYT) with its shares approaching 300p HERE, I now update with results for the company’s year ended 30th September 2015 currently helping the shares towards 400p…
Published 538 days ago
Plastics Capital (PLA) has announced its results for the six months ended 30th September 2015. This was a stock Tom & I tipped on our ‘Nifty Fifty’ website but…
Published 545 days ago
Sanderson (SND), the software and IT services group specialising in multi-channel retail and manufacturing markets in the UK and Ireland, has announced results for its year ended 30th September 2015 and the following updates post a chat with management.
Published 551 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…
Published 556 days ago
Six months ago after rhapsodising about the 4.5%+ dividend yield I described the Royal Mail (RMG) as:
‘…a brand that has persisted for hundreds of years and it is not going away. As a balance to your blood, guts and violence capital gain stocks it works’
And in that sense the outperformance versus the broader FTSE-100 index since then has been pleasing to note albeit still down a handful of percent since the call was made versus 10% for the UK’s large cap index. Of course you can’t eat relative performance…but that’s where that dividend comes in.
Published 557 days ago
Following a negative smashing of trading expectations in March, I commented on the track record of glass fibre insulator Superglass (SPGH) and concluded that at 3.25p the shares were on the bargepole list – see HERE. The following updates with the shares currently at 2.25p post results for the company’s year ended 31st August 2015…
Published 573 days ago
Geoscience services group specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, Getech (GTC) has announced results for its year ended 31st July 2015 showing a pre-tax profit of £1.99 million on revenue up to £8.64 million, generating earnings per share of 5.77p, up from a prior year 5.21p. The shares have responded… currently down approaching 14% at 37.5p! Hmmm…
Published 580 days ago
The global mega cap energy sector reporting period kicked off today with BP (BP/) reporting 'underlying profit of US$1.8bn for the third quarter of 2015, up US$500m on the previous quarter, along with plans to rebalance its financial framework and grow value long term'. Well that sounds like something for everyone then: profits sequentially up and more than a hint or two about the importance of remunerating it shareholders.
Published 585 days ago
Hello Share Babies. I recently sold a big share of my holding in Cambridge-based Arm Holdings (ARM). This is because I am always nervous of big technology companies. And indeed, small ones.
Published 593 days ago
From 4.75p before a 12th October results announcement, shares in Mobile Streams (MOS) closed at 17.375p yesterday. Today the company has announced a number of amendments to the 12th October “Audited Final Results” announcement…
Published 600 days ago
Well, it’s official. Asian Citrus (ACHL) submitted its final results for the year up to June 2015 on September 30. About time too. September 25 had been the original date. Irritatingly, as it was released with some hours to spare, investors missed the spectacle of a truly last minute Jeremy-Corbyn-esque submission of the required documents. Feeling he had missed out, this particular writer decided to play “Yakkety Sax” while reading the report and happy he owns no shares in Citrus
Published 604 days ago
Phew, what a scorcher! The heat really was turned up on the ShareProphets AIM-China Filthy Forty over the past two weeks. Last week we had one AIM-execution, a suspension (and subsequent restoration) as Vmoto (VMT) announced a transaction which we find less than credible (HERE) and results from Jiasen (JSI) which prompted Tom Winnifrith to present us with a choice that he was a banana or Jiasen is a fraud. And JQW (JQW) had its operations suspended by the Chinese authorities for contraventions of advertising and pyramid-selling regulations before releasing less than convincing interims. This week saw fourteen of the Filthy Forty racing to the line to get results filed by close of play Wednesday so as to avoid automatic suspension, two of which added to the overcrowding problem on AIM’s Death Row as their Nomad quit. Here is the ShareProphets round-up of AIM-China Red Flags served up this past week.
Published 607 days ago
We started the week awaiting interims and FY results from 14 of the ShareProphets AIM-China Filthy Forty. Following this morning’s round of 7am RNSs we still had five of the Filthy Forty to come, and Daniel Stewart (DAN).
Published 608 days ago
Another set of numbers from the 14 ShareProphets AIM-China Filthy Forty which were due to report by Wednesday of this week has been chalked up. MoneySwap plc (SWAP) reports a full year (to end Mar 2015) loss of $3.2 million. Against a market capitalisation of £11.1 million (source: ADVFN) that doesn’t look too clever. But it gets worse, because there is an audit Emphasis of matter with regard to sign-off of the company as a going concern: the company will be required to raise funds. Neon signs: placing ahoy!
Published 608 days ago
Purveyor of ceramic brakes, AIM-listed Surface Transforms (SCE) produced a trading statement back in June which stated that results were expected to be released in August. It is now the end of September and the silence is deafening. Why the delay, chaps?
Published 619 days ago
K3 Business Technology (KBT) has announced results for its year ended 30th June 2015 and what it describes as“a major contract win for its ‘ax l is fashion’ solution”. The following updates post a chat with the management of a company where we are c100% ahead on our share tip. There is more to come...
Published 620 days ago
AIM-Listed Seaenergy (SEA) announced its interim results to 30 June yesterday morning. Having previously highlighted a few missed opportunities HERE (and that is being uber-polite) I see some pretty horrible numbers. I note that Tom Winnifrith called it a Bargepole stock in yesterday's Bearcast, but stopped short of calling it an outright sell. I hesitate to disagree. Er…..no I don’t. I say it is a sell, a bag of crisps job.
Published 626 days ago
A difficult few days, I fancy, over at Cloudbuy Towers. Last week Chairman Ronald Duncan had a margin call from Equities First Holdings LLC (EFH) which prompted an RNS stating that Mr Duncan would settle in cash. Then on Wednesday of this week came an after-hours RNS stating that the Interims had been delayed. This morning AIM-listed Cloudbuy (CBUY) finally released those interims (which were not all that pretty) and then promptly followed up with the announcement that the Nomad had quit with immediate effect. Consequently the shares are now suspended. This has implications for Mr Duncan’s EFH package. It is hard to know where to start!
Published 627 days ago
Operator currently of 46 5-a-side soccer centres in the UK and one in Los Angeles, Goals Soccer Centres plc (GOAL) has announced results for a “challenging” first half of 2015, though things have since got worse…
Published 633 days ago
Following an announcement earlier this week from ASOS plc (ASC) that founder Nick Robertson is to stand down as CEO with immediate effect, being succeeded by Chief Operating Officer Nick Beighton, I update with the shares currently falling further below 3000p…
Published 641 days ago
A results statement for the first six months of 2015 today from Plus500 (PLUS) includes that “notwithstanding the impact of UK regulatory matters, the group has performed well over the period”. Hmmm. Is this really the case? …
Published 643 days ago
Who ever said that large cap equities could not be exciting? A quick glance at the share price graph of the world’s largest miner BHP Billiton (BLT) shows that even a miner with lowest quartile production costs, rising volumes, low debt and a progressive high single digit dividend yield can still struggle against the might of negative investor sentiment towards the space.
Published 648 days ago
Having reached 275p last year, shares in Ubisense Group (UBI) have declined further to a current 103.5p following interim results earlier this week. Is this understandable? Er, just a bit! …
Published 651 days ago
News that the acquirer of Quindell's (QPP) 'Professional Services Division' Slater & Gordon has delayed the release of results for its financial year (see HERE) has re-sparked debate on the Australian stock…Tom Winnifrith took up the charge here.
Published 661 days ago
On Wednesday it took more than 75,000 words across two 2014 results RNSs for the new management at Quindell plc (QPP) to attempt to decipher what had been inherited and they still had to admit “it is also possible that there are transactions into which the group has entered of which we are unaware”. The following details some of the transactions which are now described as having “unresolvable ambiguities in analysing the substance of”, some including where the commercial purpose has been unable to be verified…
Published 663 days ago
You have to end on a high and so that is it for a while from me. Full stop. Unless Rob Terry is arrested (whch will happen at some stage), I am not filing here any more. Because it does not get much better than today. Quindell has just released its 2014 results and I am 100% vindicted now. And so there is a two part Bearcast. In part 2 (this one), I explain what next for shares in Quindell and Slater & Gordon. One more bearcast and it is ouzo o'clock.
Published 665 days ago
Having extensively warned on shares in Dialight plc (DIA) and most recently HERE, they crashed well below 500p on a 27th July interim results announcement, though have now recovered to around 550p. What’s the outlook now here?
Published 677 days ago
I previously updated on Tungsten Corp (TUNG) in May – warning as the shares recovered above 100p (see HERE). They currently trade at around 75p following results for the company’s year ended 30th April 2015…
Published 682 days ago
I previously updated on foundries and engineering group, Chamberlin (CMH) HERE, concluding at 85.5p that there looked long-term value, though present headwinds meant patience would likely remain required. The following updates post an AGM statement…
Published 687 days ago
Plastics Capital (PLA) has announced results for its year ended 31st March 2015 and that “trading in the current year is in line with management's expectations” - we note those numbers had already been shaved some months ago. However
Published 705 days ago
I am a strong believer in accountability and that’s why you will often find me referencing previous articles (good or bad) I have written on ShareProphets. Chemring’s (CHG) results stood out to me today as I have written before about the specialty defence company noting approximately a year ago at approximately the same share price that the share was worth holding.
Published 712 days ago
My name is Chris, I am an experienced investor with years of successful institutional and personal investing behind m,e but I would like to confess guilty to the charge that I have made a bad call. I accept that the Sheriff of AIM in a rare cross-jurisdictional move into the Main Market is correct in his judgements in his generous oral testimony here.
Published 717 days ago
Boohoo.com (BOO) has updated on “a good start” to its year to end February 2016. I give my reaction…
Published 723 days ago
Audioboom Group (BOOM) has announced “key performance indicators” for the second quarter of its year to end November 2015. How helpful though are these in assessing the investment promise on offer?
Published 726 days ago
Online electricals retailer AO World (AO.) has announced results for its year ended 31st March 2015 including an emboldened statement that “the group has delivered significant growth in UK sales and UK Adjusted EBITDA over the year whilst also delivering significant strategic progress; broadening its product range, with the introduction on AO.com of audio-visual equipment and expanding internationally with the successful launch of AO.de in Germany”. A focus on “strategic progress”, sales and adjusted EBITDA, rather than real profitability and cash generation then. Red flags ahoy? …
Published 726 days ago
One can have some sympathy for companies operating in the oil & gas support services sector: clearly with the oil price having dropped so much last year their products are going to be less in demand. But with SeaEnergy (SEA) there is another issue: that of spurning an opportunity.
Published 729 days ago
Owner of London and New York-based theatre and live entertainment marketing businesses, Dewynters and SpotCo respectively, together with London-based signage and fascia business, Newman Displays, Reach4Entertainment* (R4E) has announced results for the 2014 calendar year and that it is “continuing positive discussions with our main lender to create a future financial base which will support our ability to maintain and extend our position as market leaders in promoting theatre, film and live entertainment events”
Published 789 days ago
Shares in online fashion retailer ASOS (ASC) currently trade higher today on the back of a results announcement for the six months ended 28th February 2015 – which included that “we are confident of our outlook for the remainder of the financial year”. Does this though look to justify a further move ahead to a current 3800p share price?
Published 794 days ago
Having warned on this website over a year ago that I would be nervous holding shares in scientific instruments designer and manufacturer Judges (JDG) at a then more than 2200p and reiterated at 1550p a couple of months ago, the following updates with the shares currently having fallen below 1500p today on the back of results for a self-declared “disappointing” 2014 calendar year…
Published 814 days ago
International specialist staffing group, Empresaria (EMR) has announced results for the 2014 calendar year and that “we see exciting opportunities for growth across our network, particularly from the investments made in 2014, and look forward to the year ahead with confidence”. We are heading for 100% up on this share tip but there’s more to come.
Published 817 days ago
Following its announcement of results for the 2014 calendar year, shares in recruitment group Hydrogen (HYDG) currently trade a further more than 5% lower today, at 67.5p - having been more than 100p less than 10 months ago. However, with boardroom change, is there now recovery value here?
Published 896 days ago
Begbies Traynor (BEG) has announced results for its half year ended 31st October 2014, an up to £8.5 million (initial £5 million) acquisition and a placing to raise £5.3 million. This is not a great share tip so far but we remain buyers.
Published 905 days ago
Marketing communications group Creston plc (CRE) has announced its results for the six months to 30th September 2014 and that “current trading is in line with its expectations for the full year”.
Published 913 days ago
Having come to the conclusion that Royal Mail (RMG) shares looked good value at 390p in early October, I was chuffed to see the share price then rise to above 460p. Less gratifying is to see it fall to 417p after the recent publication of the company’s first half results to 30th September.
Published 919 days ago
I tipped Flybe (FLYB) at 116.5p here a couple of months ago HERE. The shares are now 100p following interims. I admit it, it was a bad share tip as the results were – as Tom Winnifrith pointedly noted on his BearCast on results day – less than impressive. I apologise to one and all for this tip.
Published 929 days ago
The latest results statement from blinkx plc (BLNX) emphasises “a transformational period” and that “the company remained profitable on an adjusted EBITDA basis and delivered over $100 million in revenue during the period”. Sounds great, but au contraire…
Published 942 days ago
BP (BP.) posted results which exceeded expectations yesterday. At the time of writing, the share price has been boosted to 440.1p. It wasn’t long ago that the shares dipped below 410p.
Published 949 days ago
It’s been a torrid year for GlaxoSmithKline’s (GSK) share price. From a year high of 1706p, it recently fell to a low of 1296.p. However there was some much needed cheer yesterday, when the shares, trading at around 1330p, were lifted to over 1400p briefly, before closing at 1385.5p. The catalyst? Publication of its results at 12 o’clock which beat expectations.
Published 949 days ago
I finally got round to reading Avanti's year end results to 30th June 2014 (released on 15th September 2014). And then I shorted some more stock.
Published 962 days ago
As it “continues to transition its core business away from traditional communications services, such as public relations, towards social and digital communications”, Next Fifteen (NFC) has announced results driven by a continued strong performance from its North American business and improving UK trading, with EMEA and APAC stabilising. With me having concluded in January that at an approaching 90p share price there looked to be some growth and income value on offer here and reviewing again in August at 114.5p, the following updates with the shares currently 119p.
Published 972 days ago
I identified decent value in the shares of international recruitment and outsourcing services group Harvey Nash (HVN) with them trading at 70p last year. Following results for the six months ended 31st July 2014, does this remain the case at a current more than 104p?
Published 977 days ago
Shares in scientific instruments designer and manufacturer, Judges Scientific (JDG) are currently down a further more than 15% today, at sub 1300p, on the back of the company’s results announcement for the first six months of the 2014 calendar year. The following updates my view after I warned back in January that a then more than 2200p share price looked to reflect much good news potential but leave little scope for any potential adverse turn in trading or sentiment.
Published 1006 days ago
I previously wrote on specialist recruiter Hydrogen Group (HYDG) in January – concluding that, with the shares at 108p, the prospective rating looked reasonable but that the cautious would await further clarity (see HERE). The shares remained above 100p until a May AGM update which included that “in some areas we have observed a delay in conversion to completed placements and we are yet to see an across-the-board uplift in Net Fee Income. It is therefore still too early to say with certainty when the different practices and regions will see sustained acceleration”. Ahead of the 16th September-scheduled interim results, I take another look at this stock following a further update on trading last month and with the shares currently at 80.5p.
Published 1013 days ago
Shares in the software and IT services business, specialising in multi-channel retail and manufacturing markets in the UK and Ireland, Sanderson Group (SND) have fallen from 74.5p following interim results in June. They now trade at 63.5p - back below their level of when I previously commented in March. Below I revisit this stock.
Published 1014 days ago
Electronic display and related technologies company Densitron (DSN) has announced results for a first six months of 2014 in which “revenues have been disappointing in comparison to the same period in 2013 and consequently the group remains loss making”. However, with the shares having nudged higher today, to 6.5p, it is worth taking a look, not least because the company also reported a “strong” pipeline of new business and that it is confident in the outturn for the full year.
Published 1025 days ago
A results statement for the first half of the 2014 calendar year from provider of portfolio analytics for the investment community, StatPro Group (SOG) affirms “solid progress on the execution of our strategy to transition fully to a cloud-based business” but that this, together with increased expenditure on sales people and marketing activities, has impacted earnings. The following reviews with the shares currently unchanged on the results announcement at 84p.
Published 1028 days ago
Shares in Domino’s Pizza Group (DOM), at just over 540p, are now little changed on recent pre-results announcement levels. This follows a mixed reaction to the company’s results for the 26 weeks ended 29th June 2014, which the following reviews. Is it time to buy back in?
Published 1034 days ago
Back to the ‘T’s and mother nature for this month’s Stockping however far removed from wireless technology and infection control, the company this month operate on the old adage ‘where there’s muck, there’s money’ and possibly in increasing amounts in years to come. TEG Group PLC (TEG) with its wholly owned subsidiaries, TEG Environmental , TEG Energy and Simpro along with 50% stakes in TEG Biogas (Perth) and TEG Biogas (London) provides state of the art technology for handling organic wastes with abbreviations such as: ‘IVC’ – in vessel composting, ‘ABP’ – animal by product and ‘AD’ anaerobic digestion, gardeners will know, the latter is rather smelly, but this shouldn’t put you off the share!!!
Published 1063 days ago
Plastics Capital (PLA) has announced results for its year ended 31st March 2014 and updated that “trading for the first quarter of FY2015 continues in line with management's expectations and there are indications that trading conditions will improve over the coming months”. These shares look cheap as we explain below.
Published 1101 days ago
Shares in online business services marketplace provider blur Group (BLUR) currently trade 22% lower today, at 82p, following its announcement of a fundraising and delayed results for the 2013 calendar year. With Ben Turney already having reviewed the former HERE, I now take a look at the results.
Published 1107 days ago
I compare and contrast two companies here: Totally (TLY) and Greka Drilling (GDL). The matter is the question of a delay in results.
Published 1500 days ago
It is funny how some companies bury good news. Lombard Risk Management (LRM) issued an RNS on Friday headlined “notice of results.” I just assumed that it stated “Lombard will issue its results on such and such a date” and as such did not bother to read the actual release. Daft old me.
Published 1505 days ago
AIM listed niche plastics products group Plastics Capital (PLA) is a company that Tom and myself have followed since the shares were at 40.5p in November 2009. Our thesis that shareholders would be rewarded as the company would be able to robustly generate cash and show its debt was manageable in the years ahead has been proven correct thus far – with the shares presently trading at 107.5p.