Keyword results: COVID-19

RBN
RBN

Robinson – profit warning, the forecasts were challenging indeed!

Previously writing on manufacturer of plastic and paperboard packaging Robinson (RBN), in August with the shares at 112.5p I concluded the forecasts looked challenging and continue to avoid. So what of a trading statement today?…

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EXPOSE: Tern – Snouts in the Trough!

I mentioned en passant in yesterday’s expose of an accounting Red Flag at AIM-listed Tern plc (TERN) that one of the surprises in the FY20 Annual Report of Tern concerned boardroom pay. For FY19 the total cost of the directors came in at £409,300. So what happened to the directors’ costs as Covid struck?

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MHC
MHC
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MyHealthChecked – Boots deal announced. The numbers being talked about are off the wall

There are no numbers in a latest RNS from MyHealthChecked (MHC) but those close to the company talk of numbers for this year which are off the wall. As such you would currently be insane to sell – when the market twigs these shares will surge well past 10p…

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Gold
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Amid all the nonsense and my anger at lockdown insanity, things are turning the way of we gold bugs

I am almost speechless with rage at Bonkers Boris’ latest lockdown. There is a huge debate to be had, with professors, (academic) doctors, journalists and others all with an alternative view to the one peddled by Bonkers. But they will not be heard, are junked and now TalkRadio has been removed from Youtube in an outrageous act of censorship and denial of free speech. There ARE hard questions which need to be answered. George Orwell wrote 1984 as a warning, not a blueprint. But amid all this, and all the uncertainty caused by yet another lockdown (if at first you don’t succeed, defy logic and try again) something is definitely turning my way..

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Gold
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Gold – Another Reason to Hold as No-Deal Looms

The gamesmanship is in full play between the UK and its former EU partners. Reading the runes, it looks as though no-deal is the front runner, but you never know what may happen at half a second to midnight so I’ll wait for the fat lady to warble her final aria before giving up hope that common sense might, in the end, prevail. But if the talks fail to see a deal signed sealed and delivered, my sense is that this will prove a great reason for keeping gold-exposure high.

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Haydale – A Triumphant Celebration of Missing the Covid Boat

AIM-listed Haydale Graphene (HAYD) has announced the great achievement of its Functionalised Graphene Antibacterial Masks project going into production with partner IRPC Public Company. Put up the bunting, get the champagne ordered……or perhaps not, for surely it has missed the boat.

ITV
ITV
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ITV: not easy but not impossible to hold

It has been a while since I have written about ITV (ITV).  Regular readers will know that I switched my CEO crush preferences to Aviva’s (AV.) Amanda Blanc a few months ago here . So what is going on at the broadcaster?

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EKF
EKF

Here's a Promising Company that's Already Involved in the Covid Testing Process

Hello Share Takers. There are a few companies that are already growing because of the Covid outbreak. I’m not talking about all those hopefuls who are chasing tests and making sanitisers. But a few that are already making a solid contribution to fighting the pandemic. One such outfit is EKF Diagnostics (EKF)…

GPM
GPM
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Golden Prospect Interims – a seasoned Gold Bull speaks

Without being too rude, Malcolm Burne – Chairman of fully-listed Golden Prospect (GPM) – has seen it all before during a long career involved in gold. This morning Golden Prospect announced its interims to June which showed a 63.6% increase in net assets and a 54% increase in net assets per share – not bad for six months.

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RR
RR
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Can Rolls Royce strengthen its balance sheet and recover longer term?

Rolls Royce (RR.) is one of the most famous British companies, and even though it no longer associated with the car brand, it is still renowned around the world for its engineering prowess. But despite its reputation, it has struggled in recent years and the arrival of Covid-19 in combination with a poor set of results for 2019, not to mention impending debt repayments, caused the share price to plummet back in late February and throughout March. Since then, apart from a brief recovery in early June when the markets bounced back, it has seen a further decline and is now trading at close to an 85% discount compared to where it was a couple of years back…

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DEV
DEV
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Dev Clever – deep fried bullshit of a trading statement

One hopes that the FCA is actively investigating the clear market abuse engaged in by Dev Clever (DEV) with its May 13 subscription announcement. If you wanted any more evidence that this grotesquely overvalued company was slippier than the slippiest of eels, it was provided today with a trading statement which is nothing of the sort.

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Filta Group – new agreement for which ‘no financial impact conclusions have been drawn’...so shares soar, more Corona madness...

“Filta Group Holdings PLC (FLTA), a provider of fryer management and other services to the catering and hospitality sector, is pleased to announce that it has secured an exclusive licencing agreement with NTH Solutions, a support services group wholly owned by North Tees and Hartlepool NHS Trust, to utilise its hypochlorous acid based broad-spectrum disinfectant, along with NHS accredited training, as part of the Filta Sanitation Service”… and the shares have currently responded to 107.5p, approaching 19% higher. Hmmm…

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Novacyt: the desperate ramping continues as CEO Graham Mullis can almost smell your money

Remember, as I warned you in my first ever video show, that bosses at Novacyt (NCYT) will get millions of pounds in a few weeks if they can keep the Novacyt share price where it is. The higher it goes, the more they get. They will get the bonus in hard cash, potentially exhausting most of the company’s bank balance in the process. What happens thereafter is of no consequence for Graham Mullis & co, October 17 is ching ching day. To that end, the company is in ramping overdrive and Mullis can now almost smell the cash heading into his bank account. 

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RRR
RRR
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Red Rock Resources – “Update on COVID-19 Impact and Licensing” potentially very significant...

Red Rock Resources (RRR) has updated investors with news on Australia; “movement between States restricted, with isolation imposed in Melbourne and parts of Victoria”, Kenya; “a daily curfew is in place from 9 pm to 4 am”, Congo; “no international flights or internal flights to and from Kinshasa are yet permitted, but international flights are beginning to operate from 15th August” and “the recorded cases in South Africa are nearly 12 times the level in the next worst affected African country, Nigeria” amidst various COVID-19 stats… but what’s the real company-specific import of its latest announcement?…

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CWR
CWR

Do I Care that I've Just had a Lousy Week? Do I Buckden Abbey!

Hello, Share Graspers. Truth be told I’ve just had a pretty poor week. One of my biggest investments, the futuristic battery maker Ceres (CRW) has continued an unexplained fall. It began when a big fund sold about 5% of the shares. Though as I opined at the time, that was understandable and no reflection on Ceres. This was a fund that buys interests in bargain companies and comes out as a matter of policy when the shares have a bumper rise.

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Avacta, yet more Coronabollocks ramping but it is not working

Our response to Coronavirus divides us ever more. I argue that wrecking the world economy will cause untold misery and was the wrong response to a virus that largely polished off fplks who were already on St Peter’s short list for a fairly imminent interview. For this I am  branded “irresponsible” by one reader today while others accuse me of callously wishing to deny many more years of happy and active life to their 95 year old grandparents or parents. So what if deaths across Europe are falling to sod all, the lockdown jihadists warn of an imminent second wave. But deaths, even in the US, are falling. This pandemic is tailing off which is a problem if you are Avacta (AVCT)

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RYA
RYA
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RyanAir – what is its real cash position as it still shits on customers from on high while snaffling taxpayer funds?

Michael O’Leary and RyanAir (RYA) boasts that it has, or had, one of the strongest balance sheets in the industry. But is its stated cash balance the true balance or is it inflated by shitting on its customers. Let me introduce you to my brother-in-law and his family….

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It's been a torrid time for pubs, but Marston's should recover strongly following its deal Carlsberg

There are some sectors where I am incredibly wary of buying in general at the moment, but amongst those there are companies that have the strength to survive the current situation with Covid-19 and will do very well long term, so there is an argument for buying them as an investment.

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More bollocks from Avacta excites Barry “The Tit” Gibb at Turner Pope but in the real world this is a bonkers ramp

I see that Barry “The Tit” Gibb at broker Turner Pope has produced a gushing note on Avacta (AVCT ) today. Maybe that will help a few more Turner Pope clients to flip the stock they got in the recent 120p placing. Or maybe The Tit just wants a distraction from wittering an about Tomco (TOM), shares in which remain suspended although it has, today, been forced to admit that its RNS that accompanied a Turner Pope placing yesterday, contained a massive porky.  Back to Avacta, when your cheerleader in chief is “The Tit” you know it is right to be bearish.

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Quiz plc – with its retail store portfolio uneconomic anyway, “Restructuring” utilising COVID-19 excuse...

Fast-fashion company Quiz plc (QUIZ) has announced a “Proposed Restructuring of Retail Store Portfolio” – and the shares have currently responded to 7.5p, up more than 11%...

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SOS
SOS
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Sosandar – Trading and Covid-19 Update: how to polish the unpolishable

AIM-listed online ladies-wear outfit Sosandar (SOS) has updated the market on its forthcoming FY results and the company’s response to Covid-19. On the surface there is much to celebrate – which perhaps is why the shares are up a very impressive 36% as I write. But there are a few niggles to concern…..well, actually, rather a lot.

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Crash
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Private equity and debt - massive tax reform needed

The economic low tide of Covid-19 has shown many businesses to be naked below the waist, with insufficient equity to protect their sensitive parts. It is a good moment to consider why so many firms run this risk, and if a change in government policy might be in order. I believe that it is.

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SHI
SHI
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SIG offers longer term recovery potential if it can ride out the coming months

Covid-19 has had a big impact on many companies and quite a number of them now look priced to pretty much completely fail and go bust.

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To Buy or To Sell Avacta? That is the Question…

Hello, Share Shifters. I find myself on the horns of a horrible dilemma. And once again, it’s due to Uncle Tom Winnifrith. He has written a couple of immaculately researched pieces on this legendary website warning that a company in my portfolio is overvalued. Indeed, he says the valuation of medical pioneer Avacta (AVCT) is 'bonkers'...

Tri-Star Resources – “Sale of first Antimony” BUT...

“Sale of first Antimony and Update” announcement from Tri-Star Resources (TSTR)...

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Novacyt Final results and trading outlook show valuation truly insane

I do not deny, nor have I ever denied, that Novacyt (NCYT) is a winner from Coronavirus but the data out today must make you reflect on the past, present and future and conclude that the valuation, £213 million at 372p, is just insane.

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KEFI Minerals – on the discounted placing...

KEFI Minerals (KEFI) “has conditionally raised £3.7 million, before expenses, through a placing… at an issue price of 0.65 pence per ordinary share”, with Chairman Harry Adams arguing it “stands KEFI in promising financial shape and highlights the upside offered by its asset base”. But haven’t we heard similar before?...

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ZYT
ZYT
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Zytronic – “difficult and unprecedented circumstances”… but potential value?

Zytronic (ZYT), a manufacturer of products for electronic displays, has announced results for its half-year ended 31st March 2020, with hopes including “our growth markets within the APAC countries where the pandemic has had the earliest effects will hopefully return to normality quicker than others”. A still little more than 100p share price though compares to 250p hit early in 2020...

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R4E
R4E

Reach4Entertainment – “COVID-19 Update”, still a risk/reward buy...

Entertainment marketing company Reach4Entertainment (R4E) has updated on its response to the COVID-19 outbreak…

Bear

Five slam-dunk sells for 2020 – early May update

Markets in general have had an amazing upswing since reaching the bottom of the Coronavirus sell-off. I don’t think it will last, but there is one area where the market seems to have gone utterly bonkers – and that is where a company puts out news of anything to do with Coronavirus, whether it is a test, a potential cure, tracking technology or some other spurious news and my slam-dunk sells have been at it too, with two of the five riding on the back of speculation that they will suddenly make the big time.

Tern – Doctor, heal thyself!

Shares in AIM-listed jam-tomorrow IoT investment company Tern plc (TERN) have been on the rampage again. Having sunk to sub-4p in the wake of its last placing, which had been intended to raise £3 million but only notched up £0.8 million propped up by management support, the stock closed last week at 11.25p, having peaked at 15.75p on Thursday. What gives?

KEFI Minerals – Tulu Kapi update including “an important new development”...

KEFI Minerals (KEFI) has updated including “despite the need to adjust and reschedule many tasks due to COVID-19, the company remains focused on the preparations and finance milestones to enable major site activities to start at Tulu Kapi from October”, with it also noting “an important new development”...

QTX
QTX

Quartix Holdings – slower growth… and more?...

Quartix Holdings (QTX) has updated including that “trading for the first three-month period to 31 March 2020 was strong, and consistent with meeting market expectations for the year” and “the initial impact of the COVID-19 pandemic on the company's profitability has therefore been very limited, given the recurring nature of… subscriptions”. The shares though remain below the approaching 300p of earlier this month, at around 250p...

Accesso Technology – argues demand for “great majority” of customers “is likely to rebound strongly”, but...

Shares in self-styled “premier technology solutions provider to leisure, entertainment and cultural markets” Accesso Technology (ACSO) have recently recovered to around 200p, but are currently more than 10% lower, at 175p, in response to a latest business update...

Bear
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Dangerous Rishi Sunak shows why shorting is so risky right now

Apparently, last night the BBC aired a celeb packed fund raiser, its Big Night In. It was another occasion when multimillionaires urged we poor plebs to hand over our hard earned cash to a “good cause”. This time it is Coronavirus or rather the fight against it. My own views on Covid 19 are clear, I regard it as the biggest policy blunder in British History driven by utterly crazy GroupThink. But I digress slightly.

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New Signs We're Winning the Virus War Offer More Hope of a Stock Market Surge.

Hello Share Plodders. It’s all beginning to look more optimistic don’t you think? A human trial for a vaccine started at Oxford University. Many more tests being rolled out. The number of sad deaths down. More countries easing themselves out of lockdown. New research shows the virus can't stand summer temperatures. So many good signs, that you may be surprised shares are still languishing.

G4M
G4M

Gear4music – updates including “high demand we have encountered since late March”...

Gear4music (G4M), “the largest UK based online retailer of musical instruments and music equipment”, has updated on trading – and the shares have responded 11% higher to 277.5p...

SIS
SIS

Science in Sport – shares bouncing on placing, but...

‘Performance nutrition company’ Science in Sport (SIS) “is pleased to announce the completion of the placing… raising gross proceeds of approximately £4.5 million… at a price of 37 pence per share” – and the shares have currently responded up to around 40p...

BMS
BMS

Braemar Shipping Services – shares bouncing on business update, but...

“Business Update” from Braemar Shipping Services (BMS), including “we are pleased to report that in our first trading month of the new financial year, our financial performance has held up, in line with our March update” – and the are shares currently approaching 15% higher on the back of the update, to back above 100p...

Avacta Generates Antigens for Rapid Virus Tests in Double Quick Time. That Could Keep the Share Pot Boiling

Hello, Share Spanners. A look at the daily trades for a recent recommendation of mine has recently shown quite a bit of profit-taking going on. But I’m hanging onto my shares because I think the upward action is far from over. And indeed Avacta (AVCT) is up by another 25% on its latest news...

Starcom – from 4 weeks ago “activity has remained at a high level” to...

A 25th March “Loans from Directors and Grant of Warrants” announcement from remote tracking technology company Starcom (STAR) included that there had “been some delay in the fulfilment of certain orders by the company as a result of international restrictions” but that it “has remained under pressure from customers to fulfil existing orders and continue supply of its products. Since the majority of the company's products are utilised in the movement of cargo rather than people, activity has remained at a high level”. Today an intra-day (12:11pm) “Trading Update”...

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Malcolm was so correct back in mid-December about Halma...

I quite like the 'three brains' moniker bestowed upon me by the editor of this website, as an amusing caricature of reality. Naturally a huge slug of (ongoing) hard work, a bunch of insightful academic and commercial experiences over the last thirty plus years and the old standing on the shoulders (and thoughts) of true giants have materially contributed to anything I offer on these pages. Patently I still bog it up sufficiently to keep me on my toes but insufficiently to drive me into index fund-purchasing early retirement. And, naturally, I enjoy the 'game' element too. It is still nice to be right (sometimes). On a slightly boring regulatory news day, the thoughts of Halma (HLMA) capture my attention...

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Crash
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Covid-19 will be the pin that pops the car and student loan bubble

Another sub-prime lending crisis has been brewing in the US - and in terms of cars in the UK too -  in recent years, and it seems likely that Covid-19 will be the pin that finally pops the bubble.

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Another Medical Pioneer Recruited in the Virus Fight Sees a Soaring Share Price...

Hello, Share Tweakers. It’s with some unease that I suggest you take a look at today’s choice. That’s because Tom has said that he doesn't rate it. And only a fool disregards his astute analysis. But I am sometimes a momentum player, and the company I have in mind could turn out to be a short-term winner...

PHD
PHD

Proactis – trading update, “confidence for the continued progression of the group”?

“COVID-19 Update & Notice of Results” announcement from Proactis (PHD) including that its business - “business spend management solution provider” - “is based primarily on a recurring revenue, long term, SaaS based contract business model which offers robustness and security in periods of short-term uncertainty and a high degree of visibility… the group has continued to trade well”. The shares have currently responded up to above 20p, but are still down from more than 50p early last month, interesting?...

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Hammerson a hero or a zero?

Covid-19 has changed the world. Well perhaps not the virus itself but the governmental response, which I continue to see as the biggest exercise in GroupThink madness the world has seen. But the change has come and a clear victim is Hammerson (HMSO), a heavily indebted owner of retail properties. Its last stated NAV was 601p, the shares trade at 84p. Either this is the cheapest stock going or something is so wrong that it could be horribly expensive...

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WGB
WGB

Walker Greenbank – shares further recover on further Covid-19 Update...

“Notice of Full Year Results and Covid-19 Update” from interior furnishings company Walker Greenbank (WGB) – and the shares a further more than 6.5% higher to 47.75p...

ESC
ESC

Escape Hunt – “COVID-19 Update”, the company able to escape?

“Further to its announcement of 19 March 2020, Escape Hunt (ESC) provides a further update on mitigating actions taken in response to the COVID-19 pandemic”. The shares had fallen below 3p before that March announcement, closed that day at 3.5p and are currently 3.75p...

VLX
VLX

Volex – trading update… why a further 15%+ share price recovery?

“Trading Update” from provider of complex assemblies for power products and applications, Volex (VLX) – and the shares currently more than 15% higher at 144p – taking them further towards January highs of approaching 170p and despite a March low of 80p...

PZC
PZC
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PZ Cussons – keep on washing your hands but time for a fake staycation tan too?

One of the better performing U.K. stocks in my portfolio since the start of the elevated market volatility has unsurprisingly been PZ Cussons (PZC). Naturally, I looked towards a range of its Carex and Imperial Leather products to supplement the health and hygiene resilience of my own household…and more often than not my local supermarket was sold out. The company reflects this unsurprising reality today with an observation in its trading update statement that it experienced 'exceptionally high demand' for such products. However, this was not a complete home run...

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Live Company Group – Q1 “on target” & “no events have been cancelled”, but...

Brick model events and shows group Live Company (LVCG) has updated including “first quarter revenues on target… is pleased to confirm that no events have been cancelled” and financial manoeuvrings including “to show his support for the company during these unprecedented times, David Ciclitira, the company's Chairman, has provide a secured term loan of £500,000 (less fees and expenses)… on standard commercial terms”. The shares have currently responded though to below 14p – more than 15% lower…

RBG
RBG

Revolution Bars – “another step closer to being well-positioned to emerge from this crisis”?

“COVID-19 and Banking Facilities update” from Revolution Bars (RBG), including “the board is pleased to announce that, subject to final documentation, Natwest has agreed to increase the facility to £30.0m” – and the shares currently at 19.5p, more than 26% higher…

NAK
NAK

Nakama – trading & financial update, relying on government initiatives?...

An update from “recruitment consultancy working across the UK and Asia” Nakama Group (NAK) includes that COVID-19 “will adversely impact” trading – though the shares were already down from 0.85p early this year to 0.55p, so why currently a further fall to 0.35p?...

Avacta Shares More Than Double in a Few Days, But Virus Kit May Whack Up an Even Better Performance than that.

Hello, Share Trundlers. A few days ago, I suggested a small medical pioneer might see a share rise because of its association with a substitute for human antibodies. This proved to be a correct assumption as the share has doubled since then.

Van Elle – placing ensuring “the company is well placed and sufficiently capitalised”… or not?...

“Van Elle Holdings plc (AIM: VANL), a leading UK geotechnical engineering company offering a wide range of ground engineering techniques and services to customers in a variety of UK construction end markets, announces that further to its COVID-19 update announced on 26 March 2020, the company is undertaking a placing to raise gross proceeds of approximately £6.67 million”. The shares are currently circa 6% lower in response…

Everyman Media Group – after three weeks ago “significant headroom in its loan facility”…

A 17th March “COVID-19 update” from cinema group Everyman Media (EMAN) stated “the group has significant headroom in its loan facility and is in dialogue with its lenders on covenants to maintain liquidity through this period of uncertainty”. Now “the company has conditionally placed 17,500,000 ordinary shares at the placing price of 100 pence per ordinary share… together with our existing funding arrangements, this placing significantly strengthens our balance sheet providing further working capital and allows us to pick up where we left off”. Hmmm...

OTB
OTB

On the Beach Group – a laudable update… but share price response merited?

Online travel agent group On the Beach (OTB) has made a “COVID-19 and Banking Facilities Update”, including noting “this environment of limited demand and therefore limited revenue” – the shares though, at around 250p, are currently 25%+ higher in response…

RWS
RWS

RWS Holdings – some “increased demand for services”, BUT...

Self-styled “one of the world's leading language, intellectual property support services and localization providers”, RWS Holdings (RWS) has updated including “all RWS divisions remain fully operational” and “in recent days, the group has noted increased demand for services within both our Life Science and Moravia divisions, as our teams help with the clinical trials for new COVID-19 vaccines, translate training material for COVID-19 related antibody testing devices and provide additional services to the group's technology customers, who are recording higher usage of their online communication and social networking platforms. However,”

Gold
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Gold: Dislocation, dislocation, dislocation! It is all going only one way!

Readers will know that I am a gold bull and think it is a dead cert to go up in the current crisis as governments spend money they haven’t got and central banks roll out the printing presses. Also noticeable is the lack of physical gold supply in the US which has already forced COMEX to change the contract details to allow delivery in London as opposed to New York – a bit of a problem, given that there are no flights to put it on! But why are Gold Futures in June trading $50 above the spot price?

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4imprint – shares up on “Coronavirus (COVID-19): Update”… so some positive news?...

“Coronavirus (COVID-19): Update” from “leading direct marketer of promotional products in North America, the UK and Ireland”, 4imprint (FOUR) – and the shares currently approaching 4% higher towards 1900p… so some positive news?...

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Haydale – jam tomorrow but what about cash today? This is a plain & simple ramp

AIM-listed Haydale (HAYD) has announced an initial four-year distributer agreement with Dalian Yibang Technology Co Ltd (DLYB) offering exclusive distributer rights to market Haydale’s electrically conductive graphene-enhanced masterbatch in China and Taiwan. All well and good – and it does indeed appear to be good news – but for all the jam tomorrow, what about cash today?

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GHH
GHH

Gooch & Housego – argues “remains in a good financial position with a strong balance sheet”. Does it?...

Photonic components & systems manufacturer Gooch & Housego (GHH) has updated including “areas of life sciences driving extra demand” and “in general we are now seeing improved demand from Japan, S.Korea and to an extent from China… as at 31 March 2020 our order book was at £91.7 million (31 March 2019: £93.2 million)”. The shares though remain down from more than 1400p earlier this year to below 1000p…

GSK
GSK

At the Forefront of the Vaccine Hunt, GlaxoSmithKline is Worth a Look

Hello, Share Breakers. As I’ve suggested before, pharmaceutical companies, both gigantic and small, could benefit from the heightened interest in all health matters. And I would guess that the one that comes up with a vaccine for COVID-19 might do even better. So which companies are looking for a vaccine?...

IME
IME

Immedia Group – why not tell us how that “healthy balance sheet and working capital” is now?

A 11:58am “COVID-19 and Business Update” from self-styled “supplier of multi-media content and digital solutions for leading brands and global businesses” Immedia (IME) – and, as tends to be the result of intra-day updates, the shares materially lower; currently heading towards 10p, down more than 25%...

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Stobart Group – Covid-19 update reeks of a placing in store: a bargepole on steroids

Since Cynical Bear’s coverage of the Tinkler vs Rest the Board fiasco back in 2018 (when Tinkler and Neil Woodford lost), shares in Stobart Group (STOB) initially trod water and then went into a bit of a tailspin, closing 2019 at a shade over £1 a pop. But then Covid-19 struck: bearing in mind one of its two prime assets is an airport, it has been bad news ever since and the shares are currently just 50p. So what of today’s announcement?

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IDP
IDP

InnovaDerma – shares up on “COVID-19 Update”… so some good news?...

“COVID-19 Update” from “UK developer of beauty, personal care and life sciences products” InnovaDerma (IDP) – and the shares currently more than 20% higher, towards 46p. What’s the good news?...

MDZ
MDZ

MediaZest – argues “cost cutting measures to help secure the long term future of the group”. Will they?...

Previously writing on audio-visual systems for organisations-focused MediaZest (MDZ), in December I questioned its actions “based on market conditions” as it stated or based on dire balance sheet conditions?. Now a “Trading and Covid-19 update” – and the shares down again…

Shoe Zone – a 5:05pm “Proposed Cancellation of Dividend / COVID-19 Update”...

A 5:05pm “Proposed Cancellation of Dividend / COVID-19 Update” from value footwear retailer Shoe Zone (SHOE) – this with the shares down from approaching 190p in February but up from recent lows towards 60p, at 75p…

SAA
SAA

M&C Saatchi – how long is “the foreseeable future” for which it “remains confident about the liquidity status”?

“COVID-19 update” from marketing company M&C Saatchi (SAA) includes “all group companies continue to operate and serve our clients, with the majority of offices currently operating a remote working policy… we continue to pitch for new business and there are still some areas where demand for our services remains steady, e.g. our talent and influencer businesses” and that it “remains confident about the liquidity status of the group for the foreseeable future”. The shares are currently still above 31p, however…

Bakkavor – “responding to the impact of COVID-19 from a position of strength”. Really?!...

Provider of ‘fresh prepared’ meals, salads, desserts and pizza & bread to customers including leading retailers, Bakkavor Group (BAKK) has updated including emphasising its “attractive” sector and that “we are responding to the impact of COVID-19 from a position of strength”. However, already down from circa 140p in February, the shares are currently further below 100p on the update…

HAS
HAS
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Oops...Hays did it again

I have had my issues with recruitment sector stocks on this website over the last couple of years, calling investors in PageGroup (PAGE) 'bonkers' or 'overly hopeful' on the basis that 'the problem is that recruitment names are always very geared to the economic cycle' and the assets walk out of the door each evening. Now in a world where we have all learned to use the word 'furloughed' (I guess there are worse American inventions) unless you are providing a bunch of workers for key industries such as food retail and healthcare, it was no huge surprise to see Page's sector peer Hays (HAS) observing that 'the rapidly escalating impact of Covid-19 has driven a very material deceleration in client and candidate activity'…

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VAL
VAL
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ValiRx – “illegal” GM? Controversy reviewed...

A bit of a storm has been blowing up at AIM-listed cash-hungry biotech dog ValiRx (VAL). A General Meeting had been proposed for shareholders to agree to the issue of yet more confetti in order to keep the Grim Reaper from the door but the government decreed Covid-19 lockdown intervened and the meeting could not happen. Yesterday the GM was reconvened with shareholders unable to attend or vote – and two of the three resolutions were passed. But what of legality?...

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AIR
AIR
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Air Partner – a currently very rare “well ahead of both budget and the prior year”...

Aircraft charter and aviation safety & security consulting and training company Air Partner (AIR) has updated including “the unaudited management accounts for February and the flash report for March show that each month generated profits well ahead of both budget and the prior year. The current indication is that the group has delivered around £2.4m of underlying profit before tax in the first two months of the year” – and the shares have currently responded above 50p, up from sub 20p as recently as early last week…

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Nichols – now expects a “significant” virus situation impact on 2020 financial performance… so why a share price rise?...

VimtoFeel GoodStarslushICEELevi Roots and Sunkist soft drinks company Nichols (NICL) has updated including “trading in the first two months of the financial year was in line with management's expectations… given the level of global uncertainty, the board is not currently able to provide financial guidance for the year ended 31 December 2020… The group entered this financial year with a strong balance sheet, with more than £40m of cash and no debt”. The shares are currently more than 4% up on the day, approaching 1250p…

AFX
AFX

Alpha FX – 2020 “preliminary view… broadly close to FY2019”... so why a further 40%+ share price fall?

Shares in self-styled “FX risk management and payments specialist servicing corporates and institutions internationally”, Alpha FX Group (AFX) were already down from 1350p reached in January to 940p – and this also following a results statement just the week before last. Now though a “COVID-19 Trading Update” – and the shares currently 560p!...

GDP
GDP
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Goldplat – notes “its operations will be temporarily curtailed”… but the gold price set to rocket...

An “Operational Update in relation to Covid-19” from Goldplat (GDP) includes that “its operations will be temporarily curtailed due to restrictions imposed by various Governments to combat the global Covid-19 outbreak”

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Clean Air warning by Johnson Matthey...but I doubt even Greta is happy

If you ask me to name five 'quality' longer-term FTSE-100 constituents, then I would probably include Johnson Matthey (JMAT) on that list. Naturally though, its corporate longevity and range of typically high barrier to entry businesses (recycling and refining of precious metals, clean air and car emissions regulation focused, plus batteries and value-adding fine chemicals) has not stopped it avoiding the recent plunge. Today's update (thanks to the FCA for allowing this – you know my thoughts on the postponement / suppression of reporting) includes a profit warning, but that is par for the course, although with a bunch of cost suppression comments…

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PFD
PFD
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Despite its high level of debt Premier Foods is a buy

Picking shares that are worth buying at the moment is a real minefield as the situation with Covid-19 is changing all the time. It would be very easy just to sit here and say ‘sell everything’ and you could probably stick a pin in a list of stocks at the moment to pick a sell recommendation, and the chances are that it would go down, at least in the near time!

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Yourgene Health – shares soar on “Contract manufacturing agreement for COVID-19 test” announcement...

“Contract manufacturing agreement for COVID-19 test” announcement from Yourgene Health (YGEN) – and the shares currently more than 30% higher on the back of it, to 15.75p…

Quiz plc – recent weeks “substantial reduction to traffic in stores”… but also online...

Previously writing on “occasion wear and dressy casual wear”-specialising Quiz plc (QUIZ), in January with the shares slipping below 17p I concluded including the “medium-term” in this context tends to mean the near-term ain’t looking good… I again retain prior bearishness here. The update then has now been followed by a “Trading Update and COVID-19 Impact”

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Tern – non-entity of a statement on Covid-19 analysed by the ShareProphets RNS Translation Service

AIM-listed jam-tomorrow IoT investment company Tern (TERN) has offered the market a Covid-19 update. Emphasising its recent £0.8 million fundraise several times (but not mentioning it was trying to get £3 million and failed magnificently) Tern wants us to think the portfolio is well prepared…..let’s see what the ShareProphets RNS Translation Service thinks!

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Newsboy
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Intu's shocking stat but Breedon still loves its big deal...

Another day, another bunch of COVID-19 updates. Naturally, we should expect nothing else. As discussed now multiple times on these pages, the key to maximise a company's chances of being a corporate survivor remains a combination of a prudent and smart management team with solid financing…

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MCB
MCB

McBride – “order levels across most regions increase for a range of products”… but...

Previously writing on McBride (MCB), in January with the shares at 67p I concluded the noted performance and current trading and strategic uncertainty sees me retain the stance of bargepole / sell. The shares closed yesterday at 59p – and now from this company which describes itself as “the leading European manufacturer and supplier of Contract Manufactured and Private Label products for the domestic Household and professional cleaning and hygiene markets”, a “COVID-19 Update”

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Cineworld looks likely to become a victim of Covid-19

With the current state of the markets there isn’t a lot that I would exactly be rushing to buy at the moment, as I think that even the good companies that have strong enough balance sheets to survive relatively unscathed, could well go a fair bit lower yet.

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WGB
WGB

Walker Greenbank – shares further down on “Covid-19 Update”...

Shares in Walker Greenbank (WGB) are down from 77.5p on my previous update last month and now from this interior furnishings company a “Covid-19 Update” which sees the shares currently towards 30p, a further approaching 10% lower on the back of the announcement…

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SSP Group management panic relatively early

I am not sure anyone on this website has written about SSP Group (SSPG) before. This may be something about the rather anonymous name of the company. You would know it better as the operator of Upper CrustCabin Bar and Ritazza (among other names) food and beverage concessions 'in travel locations, operating restaurants, bars, cafés, food courts, lounges and convenience stores in airports, train stations, motorway service stations and other leisure locations'. Well you can spot the problem in today's backdrop, especially if you have a business that operates 'at approximately 180 airports and 300 rail stations' around the world. Today's update from the company comes in two parts…

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GHH
GHH

Gooch & Housego – US legal orders impact to be “limited”… or not?...

“US Facilities Update” from optical components and systems manufacturer Gooch & Housego (GHH) includes that it anticipates that a likely COVID-19 related legal order’s impact would be “limited” on its operations in Keene, New Hampshire “given a significant proportion of the products and services provided by the facility are expected to be exempt from the scope of the order”. Shares in the company are currently at 754p – down from above 1400p in early February…

AEO
AEO

Aeorema Communications – acquisition, still a possible pick for recovery?

Most recently writing on half-year results from Aeorema Communications (AEO), I concluded this remains a possible pick for recovery on the watchlist. Now an announcement; “Earnings Enhancing Acquisition”

RPS
RPS

RPS Group – “COVID-19 Update”, shares slump yet further…

“COVID-19 Update” from property, energy, transport, water, defence and government services & resources professional services group RPS (RPS) – and the shares, already down from having reached 180p last month, currently a further approaching 14% down on the day towards 40p…

AEO
AEO

Aeorema Communications – interims, still a possible pick for recovery?

Previously writing on Aeorema Communications (AEO) – Cannes Lions festival postponement sees loss now anticipated…, I concluded the shares have currently responded further lower towards 16p, capitalising the company at circa £1.5 million. There will be further detail with half-year results due by the end of this month, but still currently a possible pick for recovery and on the watchlist. Now those results have been announced…

ITV
ITV
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ITV – bins FY dividend, drops FY guidance, cost cuts and we’ve got plenty of cash, honest guv’

To be fair to fully listed ITV (ITV) it has to be commended for this morning’s update at regards Covid-19 in much the same way as one should applaud the statement last week from Next (NXT) as Chris Bailey did. It should also be commended for chopping the FY dividend to conserve cash in this uncertain time – that is the responsible thing to do. But the shares have been marked down, suggesting there are problems – although as Chris Bailey points out, they are surely far less severe than at CEO Carolyn McCall’s old stamping ground over at Easyjet (EZJ)!

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Tracsis – argued “resilient business with substantial cash balances maintained” reviewed...

Transport technology and services company Tracsis (TRCS) has updated including “we expect the Rail Technology & Services division to have resilience as it derives most of its income from highly recurring product sales and we will continue to remain focused on the delivery of a number of large multi-year client contracts, with staff being able to work on development whilst at home. We do however”

SAL
SAL

SpaceandPeople – dividend canned, shares tanking but still a sell

Previously writing on ‘retail, promotional and brand experience’ company SpaceandPeople (SAL), last month I reviewed some trading & dividend growth… so why further share price decline? – that to 11.25p. The shares are currently sliding below 5p, following “Notice of Results Update & Dividend Cancellation” and “Appointment of Executive Director” announcements…

CCL
CCL
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The one where I eat humble pie about Carnival Cruises

I talked about the ongoing 'company playbook on Covid-19' earlier in the week and the steady stream of updates about uncertainty and credit lines continue apace in today's regulatory news disclosures. It is all about resilience and persistence and - to put it horribly bluntly - survival for corporate names. Those who exhibit such traits will have higher market shares in a couple of years time (on the assumption of a return to normality naturally)…

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UP Global Sourcing – supply “now broadly normalised”, but now demand...

Previously writing on audio, heating/cooling, housewares, laundry, luggage and small domestic appliances “value-focused consumer goods” company UP Global Sourcing (UPGS), last month with the shares at around 60p I concluded I do see longer-term recovery potential from here, but the current financials and manufacturing situation see this only, for now, on the watchlist. Today a “COVID-19 update”

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Superdry – e-commerce channel “remains fully open for business” & cost savings BUT…

“Statement re Current trading and COVID-19 update” from fashion retailer Superdry (SDRY) sees the shares currently more than 30% further lower on the back of it, below 70p…

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RBG
RBG

Revolution Bars – emphasises previous “positive momentum”, but now…

Previously writing on Revolution and Revolución de Cuba bars operator Revolution Bars Group (RBG), in October I concluded including will the still clear challenges allow the expected reduction in debt levels though?... currently continue to avoid. Today from the company a “COVID-19 Update” – and the shares currently a further more than 20% lower on the back of it, below 20p…

Accesso Technology – a further 30%+ share price fall on latest news reviewed…

Self-styled “premier technology solutions provider to leisure, entertainment and cultural markets”, Accesso (ACSO) has announced results and that it has appointed Numis as nominated adviser and broker. The shares are currently more than 30% lower towards 100p in response…

SOS
SOS
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Sosandar – Coronavirus update: critical data missing will make this an automatic sell if not addressed

Don’t laugh: having wondered if it was a spivvy buy following the placing last month to raise £5 million I did indeed nip in for a few shares. Thankfully it was not many, and this morning the company has offered up an update on the effects of the Corona Virus. As Tom Winnifrith said the other day, the question for many AIM Casino outfits is not whether they are cheap or not, but whether they will survive the pandemic at all – and the jury is out on that here because of missing data in this morning’s statement. Time to throw away the Adam Reynolds keyboard and answer my question!

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CPC
CPC
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The City Pub Group – ‘COVID-19 update’ including “the company's balance sheet is strong”. Is it?...

I previously wrote on The City Pub Group (CPC) in January with the shares at 197.5p, noting from the company “the Rugby World Cup did not have the impact that we expected. Political uncertainty culminating in the December Election… unhelpful weather during November and December… disruptions on South West trains… Following some delay… we also completed the refurbishments of the two former Jam Tree sites” and concluding I’d wait to see trading further playing out before being comfortable – the market cap still not far off £120 million. Tom also warned in Bearcast just yesterday – and today a “COVID-19 update”, and the shares down to 55.5p…

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Everyman Media – to closes its cinemas “until further notice”, argues “does not change the board's confidence in… proposition over the long term”...

A 12pm “COVID-19 update” from cinema group Everyman Media (EMAN) includes “trading over recent days has been impacted by COVID-19 and the delay of major movie releases” and now, “following guidance provided by the UK government yesterday, the board of Everyman has taken the decision to close its venues to guests until further notice”

Gfinity – “confident… remains well positioned for growth when the trading environment rebounds”. Er…

Self-styled “a world-leading esports provider”, Gfinity (GFIN) has updated concluding “having taken steps to significantly reduce the cost base and realign the operating model, the board is confident that Gfinity remains well positioned for growth when the trading environment rebounds”. The shares have currently responded to below 0.5p, more than 40% lower…

TMO
TMO

Time Out Group – after placing only in October, former Woodford pick “will review its funding and ability to manage its cost base”…

Time Out Group (TMO) has updated including that “it is only in very recent days that we have observed any change in footfall to the Time Out Markets and delays to advertising campaigns”. Though now also…

Newsboy
PREMIUM CONTENT

The company playbook on Covid-19...

Another week starts, another day of losses in the market. You may recall my musing of a week or so ago concerning where we were in the different stages of market psychology. Clearly the early throes of panic/capitulation apparent then have upped their ante very considerably. We can all try to be experts on virus profiles and related but the reality of the situation is obviously short-term earnings uncertainty. You can see this in today's large cap regulatory news updates…

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ERM
ERM

Euromoney Institutional Investor – “Statement regarding Coronavirus COVID-19”. What’s the impact here?...

Euromoney Institutional Investor (ERM) has updated concluding “we have made no changes at this stage to events originally scheduled from July up to and including September. Euromoney's financial position remains strong with net cash at the end of February 2020 of £12.2m and unused committed facilities of £240m”. However, already down from more than 1300p in January, the shares are currently further down towards 900p…

DTG
DTG

Dart Group – trading update, a recovery buy?

Leisure travel and distribution & logistics group, Dart (DTG) has updated including that it “expects group profit before foreign exchange revaluation & taxation (excluding any impact of hedge ineffectiveness) for the financial year ending 31 March 2020 to be significantly ahead of current market expectations”. The shares have currently responded higher towards 1050p, but remain down from approaching 1950p last month…

Safestay – after early February “forward bookings for Q1 are very encouraging”, now…

Having updated early last month, today branded hostels company Safestay (SSTY) makes another “Trading Statement”. The early February one included “performance in the first month of 2020 and forward bookings for Q1 are very encouraging, a positive signal for the coming year, which will also benefit from the acquisitions made last year”. Now…

BMS
BMS

Braemar Shipping Services – in line with market expectations… or not?...

Shares in Braemar Shipping Services (BMS) had fallen from more than 220p in January to last close below 140p. Today a “Pre-Close Trading Update” including “trading results for the second half of the year are anticipated to be approximately in line with market expectations*”… and the shares currently further lower towards 130p…

OTB
OTB

On the Beach Group – intra-day profit warning, but still argues “resilient”. Is it?...

“COVID-19 Update”, intra-day (2:15pm) from “the UK's leading online retailer for beach holidays”, On the Beach Group (OTB). Uh oh…

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