Keyword results: formal sale process

Safestay – ‘a natural point to undertake a strategic review’?...

European hostels company Safestay (SSTY) has today emphasised “confidence of returning to pre-Covid levels of trading” but also stated “this is a natural point… to undertake a strategic review”, including a formal sale process. Hmmm.

TCN
TCN

Tricorn – “there may be a requirement to operate beyond its existing facilities”. Uh oh...

Previously writing on manufacturer and specialist manipulator of pipe and tubing assemblies Tricorn Group (TCN), last week I reiterated my view from the end of last month with the shares slumping from 8.25p that how expensive the funding options I wonder? Natch, still currently bargepole. Today a “Company and Formal Sale Process Update”-titled announcement, and the shares currently further lower to below 4p!…

TCN
TCN

Tricorn – I having previously questioned how expensive the funding options, “Strategic Review”...

Previously writing on manufacturer and specialist manipulator of pipe and tubing assemblies Tricorn Group (TCN), at the end of last month with the shares slumping from 8.25p I concluded how expensive the funding options I wonder? Natch, still currently bargepole. Today half-year results and more…and the shares further lower…

UHS
UHS
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Will the late Roy Castle be getting his book out again? Is Umuthi set for the shortest stockmarket career ever covering the FCA (again) in manure?

Eurasia Mining (EUA), of which more later, has already met Roy this week as it became the company to have enjoyed the longest spell ever under a Formal Sale Process without actually getting a bid or admitting there would be no bid. It snatched that record from Best of the Best (251 days) on Thursday morning. But before the late Mr Castle thinks his job is over, I sense Umuthi Healthcare (UHS) may also get to meet him, Norris and, of course, Cheryl Baker, formerly of Bucks Fizz. In doing so, it will show that however many women the FCA promotes it is still useless.

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Best of the Best – “very pleased” with trading… so why are the shares lower?...

Online organiser of weekly competitions to win cars and other lifestyle prizes Best of the Best (BOTB) has updated including that it “is very pleased that trading for the period has remained as strong as previously announced on 16 September 2020 and that momentum remains within the business”. The shares are though currently lower at 1355p…

Microsaic Systems – “pleased to announce” results & update on trading. Er!...

“Microsaic Systems plc (MSYS), the developer of point of need mass spectrometry instruments, is pleased to announce its unaudited interim results for the six months ended 30 June 2020 and an update on trading since the period end”. Encouraging then?…

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Volga Gas – formal sale process confidential information to be exchanged only securely, surely?!...

A week ago AIM-listed Volga Gas (VGAS) updated investors with news including “average production in April 20 20 was 2,316 barrels of oil equivalent per day ( 43 % lower than March 2020)… gas price is fixed in RUR but still impacted with local currency devaluation against USD… cash balances of US$10.6 million” (31st March: $12.3 million) and noted currently “low demand for gas condensate & LPG”. The shares, which started the year near 40p, remained down at around 20p, a market cap of circa £16 million… until a rise on Thursday to 26.5p on no news… until today – a “Statement Re Share Price Movement and FSP”...

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LightwaveRF – argues “has continued to make progress”. Er, what about the like-for-like sales swing for starters?

LightwaveRF (LWRF) has updated including “following a successful first two months of this financial year, which included Black Friday and Cyber Monday, the company has continued to make progress”. The shares though currently remain down at below 5p in response…

LightwaveRF – shares soar… but company now requiring funding support? (and major shareholder not previously having funds available?)

“LightwaveRF (AIM: LWRF), the leading smart homes solutions provider, announces that application has been made for 944,680 new ordinary shares to be admitted to trading on AIM. These shares, which have been subscribed for at 7.0 pence per share, are being subscribed for by Committed Capital and other subscribers including two directors of the company” – and the shares are currently soaring in response…

LightwaveRF – argues “early indications for the current financial year are positive”. Are they?...

LightwaveRF (LWRF), “the leading smart home solutions provider, provides… trading update for October 2019 and November 2019, being the first two months of the company's financial year”, including emphasising “the early indications for the current financial year are positive”

Nanoco – in takeover “discussions”… so why are the shares falling again?

An AGM “Formal Sale Process as part of the Strategic Review” and “Operational and trading performance” update from Nanoco (NANO) includes that it “is currently in discussions with certain interested parties who have been invited to submit indicative proposals in mid-December for an acquisition of the group” – though the shares have currently responded to sub 13p, more than 5% lower…

LightwaveRF – “Strategic Review including formal sale process”… but doesn’t it have “sufficient working capital”?!

“Placing and Subscription” announcement from LightwaveRF (LWRF) in August included “the board believes the additional funds will accelerate the company into becoming a significant, profitable Smart Home device and technology player… following completion of the fundraising, the company confirms that it will have sufficient working capital for its present operational requirements”. Today “Strategic Review including formal sale process”!...

Accesso Technology – formal sale process “ongoing”… but no queue to pay-up!

Previously writing on self-styled “the premier technology solutions provider to leisure, entertainment, hospitality, attractions and cultural markets” Accesso Technology (ACSO), last month I noted my prior scepticism remains as the shares fell towards 800p on the back of half-year results. Now an “Update on the formal sale process” – and the shares currently falling towards 650p…

accesso Technology – interims, argues “a solid performance”. Really?...

Self-styled “premier technology solutions provider to leisure, entertainment and cultural markets” accesso Technology (ACSO) has announced results for the first half of 2019 emphasising “a solid performance” and “important progress on its long-term strategy to integrate its offerings to uniquely position itself to take advantage of a $3.4bn addressable market, driven by a market shift toward the integrated guest experience and leveraging data to improve business outcomes for customers”. The shares have currently responded towards 800p – er, that’s approaching 12% lower!…

Accesso Technology – states “high level of inbound interest”… but will it translate into an attractive offer?

A 1:15pm “Commencement of a formal sale process” announcement from Accesso Technology (ACSO) – and the shares have currently soared by approaching 50%, above 1100p…

UTW
UTW

Utilitywise – “Strategic Review and Formal Sale Process” = shares suspension ahoy as ‘not sufficient’ funding interest; why’s that Neil?

Previously writing on Utilitywise (UTW), in July it was a “Strategy Update” only David Brent & major shareholder Neil Woodford are clever enough to understand? – with that including CEO Brendan Flattery attempting to reassure that “the strategy update outlined today will enable Utilitywise to meet its two new financial targets, as well as maximising the medium term potential from the business”, though I concluding of course though, there is no guarantee that it will – and I’ll continue to avoid at least until there is some clear net cash generation demonstration. Today a “Strategic Review and Formal Sale Process” announcement…

SGI
SGI

Stanley Gibbons – with a sale already having been delayed, an “Update on Interiors Division”. Uh oh…

End December-announced half-year results from Stanley Gibbons (SGI) showed, after a net £3.3 million of ‘exceptionals’, a pre-tax loss of over £6 million and noted, with net debt at £16.5 million, it “working on a number” of balance sheet initiatives. In May it announced a £2.4 million sale of a major part of its Interiors division and, with this then delayed to 3rd August, we now have an “Update on Interiors Division” announcement…

IMG
IMG

Imagination Technologies – shares jump on commencement of formal sale process, though “remains in dispute with Apple”

Shares in Imagination Technologies (IMG) have currently recovered more than 17%, to 145p, on the back of a “Commencement of formal sale process” announcement…

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