Keyword results: net cash

SNX
SNX
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Synectics – a recovery Buy?

Last month Synectics (SNX) announced a half-year (to May 31st) pre-tax profit of £0.5 million and said that period end net cash was £4.2 million. At a current 115p offer price, the market cap is £20.5 million, so how much upside potential is there? We believe there is enough value and impending newsflow to get the shares to 155p and here is why.

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Ferrexpo – there are reasons why the shares could now bounce sharply

Ferrexpo (FXPO) emphasises that it produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers. That sounds good, but it does so from Ukraine. That is why it has seen a share price fall from approaching 500p last summer, but we can now see reasons why the shares could bounce sharply.

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Eleco – “pleased to provide” half-year trading update, valuation still too high?

Previously writing on construction software company Eleco (ELCO), in May with the shares down to 88.5p I concluded that the valuation didn’t look to discount the risks and thus still avoid / sell. What though now with the shares last closing at 70p and a trading update the company states it “is pleased to provide”?

4imprint – ‘continued strong trading momentum’, is it sustainable?

Previously writing on promotional products group 4imprint (FOUR), in May with the shares at 2900p I concluded that I’d continue to monitor but with the already-noted recovery the earnings and cash multiples meant I continued to avoid. The shares last closed at 2440p but are currently rising above 2900p on the back of a trading statement, so what’s the news?

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My instincts on PageGroup shares remain unchanged from 1276 days ago!

Back in early 2019 I observed that “you are not 'bonkers' anymore for buying PageGroup (PAGE)...just overly hopeful”. I guess that has proved to be an alright call on the recruitment business, as the stock dropped quite a lot during the early days of COVID-19, rallied back last year, and is currently sitting at a share price below the January 2019 level. How wonderfully dull. So what does today’s “Q2 and H1 2022 Trading Update” tell us?

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VTY
VTY

Let Me Play Vistry for You as the Order Book Builds

Hello Share Moochers. There’s a perception these days that housebuilders will soon see retreating share prices because of rising interest rates, the soaring cost of living, high energy costs and so on. But my optimistic view of the bricks and mortar trade is not shaken. And that’s because supply continues to lag behind demand. And the first-half numbers from Vistry (VTY) seem to support my view.

ZOO
ZOO

Zoo Was Late Opening but the Inmates Are Now Celebrating

Hello Share Gobblers. There were a few raised eyebrows this week when Zoo Digital (ZOO) said its full-year results would be delayed. You never know, when no further info is given, whether this sort of thing is a red flag or not. I opined that this was not likely here. I added that the share price, which stumbled on the news, offered a buying opportunity. Well, the results have now been posted only a day late.

TEG
TEG

Ten Entertainment – “record-breaking” performance, but how sustainable is it?

Writing a year ago on UK bowling and ‘family entertainment’ centres group Ten Entertainment (TEG) I concluded with the shares at 248p whilst the demand situation normalises, currently on the watchlist. So what about now, following a trading update for its half year ended 26th June 2022?

AOM
AOM

ActiveOps – “pleased to announce” full-year results. Really?

Previously writing on ActiveOps (AOM), in March with the shares down to 97.5p I concluded that with the valuation still a significant premium on tangible metrics I’d still currently avoid. With the shares having last closed at 74p and the self-described “leading provider of Management Process Automation software now “pleased to announce its unaudited results for the financial year ended 31 March 2022”, what’s the outlook from here?

CHH
CHH

Churchill China – after “pleased to report” AGM Statement last week, a “Director/PDMR Shareholding” announcement...

Describing itself as a “manufacturer of innovative performance ceramic products serving hospitality markets worldwide”, Churchill China (CHH) on Wednesday was “pleased to report” a continuation of record demand, that its order book remains healthy and that it “remain confident in our ability to deliver an improved year on year performance in 2022”. Now a “Director/PDMR Shareholding” announcement...

BKG
BKG

Nightingales Keep on Singing in Berkeley's Squares

Hello Share Mashers. My favourite housebuilder Berkeley Group (BKG) has released some chirpy full-year figures. The group’s house sales were well up on last time, though selling prices and costs ate into earnings. Never mind, profit before tax still rose 6.4% to £551.5 million. And as long as profits keep on rising, despite all the headwinds blowing around these days, share kickers like us should be happy.

Cake Box – full-year accounts now also have a ‘technical compliance issue’!...

Specialist retailer of cream cakes Cake Box (CBOX) has announced it will publish full-year results on 27th June following an end of year audit process which has raised “an issue” in terms of the Companies Act 2006 and past dividend payments. Hmmm!

FTC
FTC

Filtronic – “set to exceed market expectations”, but what about the bottom-line and outlook?...

Industrial communications products company Filtronic (FTC) is “pleased to report top line growth and that adjusted EBITDA is set to exceed market expectations despite the challenges of the global semiconductor shortage. This strong trading performance will enable us to continue to make strategic investments in the future of the business”. So what of a share price currently up 25%, above 11p?...

WG
WG
PREMIUM CONTENT

Wood Group won’t re-join the FTSE 100, but that’s not the forward story...

I am sure there will be some investors who are excited to hear that Centrica (CNA) shares are back to rejoin the FTSE 100, whilst others are disappointed that ITV (ITV) and Royal Mail (RMG) shares - among others - are exiting. None of the three interest me at the moment, but I was a bit disappointed that Johnson Matthey (JMAT) shares have not been quite strong enough to rejoin. Maybe that is coming next quarter as I believe the stock is cheap (as noted last week HERE). Another stock which did not return to the FTSE 100 (and frankly I don’t think it ever will) was Wood Group (WG.) but it has made a noteworthy announcement today…

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CNS
CNS

This Cohort of Canny Cybermen Show Signs of Boarding a Gravy Train.

Hello Share Pilots. Have you noticed viruses don't seem as much a threat as they used to be for we private owners? Perhaps its because the search platforms have beefed up their protection. And cyber security is still very lucrative. One of the more successful cyber security merchants is Corero Network Security (CNS). It's numbers are just out and they're pretty exciting.

SWG
SWG
PREMIUM CONTENT

Shearwater – full-year trading update, ahead of expectations, don't bank gains yet!

Cybersecurity group Shearwater (SWG) has emphasised a “set of market-beating numbers… we remain excited for what the future holds”. What of a share price response up to 140p?

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Cake Box – “pleased to announce” trading update… what about those areas having been identified as needing improvement though?

“Trading Update” announcement from Cake Box Holdings (CBOX) commences that “the specialist retailer of fresh cream cakes, is pleased to announce a full year trading update for the 12 months ended 31 March 2022” and concludes that “with a strengthened team and investment in our operations and processes, we have all the right ingredients to continue to sustainably grow the Cake Box customer base, brand and Family”. So what of the announcement and a share price responding up to above 200p?...

itim Group – “new contract wins”… but what does that mean financially?...

itim Group (ITIM), an omni-channel technology platform company for store-based retailers, “is pleased to announce three new customer wins and extensions of existing contracts for an increase in Annual Recurring Revenue of £1.8 million”. How does this compare to a share price, more than 7.5% higher on the news, of 114p?...

Billington – with I previously noting ‘profit warning & how confident can it be for 2022 really?’, a further share price fall...

“Notice of Results and Trading Updates”-titled announcement from structural steel and construction safety company Billington (BILN) sounds routine but, on a currently reasonable day for the markets, why are the shares down approaching 3.5% to 225p?...

KWS
KWS

This Outfit Key in the Development of Armchair Gaming May Have a Future that's Finger-Clicking Good

Hello Share Bunnies. It’s been some weeks since I commended Keywords Studios (KWS) to you. This is a company that produces work for big players in the armchair gaming game. Well, its latest full year figures are now out.

MBH
MBH
PREMIUM CONTENT

Is Michelmersh a cheap AIM stock?

Six months ago Malcolm wrote about Michelmersh Brick Holdings (MBH) that “This Brick Maker Makes Hay While the House Boom Shines”. He is absolutely correct at many levels as today’s FY21 results are headed by the observation of “strong performance surpassing record adjusted 2019 financial year and positive momentum into FY22”. So why are its shares down over 13% during the last six months?

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RIO
RIO
PREMIUM CONTENT

Rio Tinto – 2021 record results, growth and income from “disciplined investment” ahead

Recent Income recommendation Rio Tinto (RIO) has announced record results for 2021 and that it is “targeting disciplined investment in commodities that will see strong demand in the coming decades”.

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TON
TON

Titon – “pleased that revenues… have risen slightly”, but profit?...

Previously writing on ventilation systems and window and door hardware company Titon Holdings (TON), in December with the shares at 107.5p I noted full-year trading improvement, but what’s the outlook?. Now a “trading update” and the shares, having last closed at 100p, are currently at 80p!

System1 – in less than 2 weeks from “in line with management's expectations” to significant profit warning!

Previously writing on marketing decision-making platform group System1 (SYS1), just earlier this month whilst it argued profitability “in line with management’s expectations” I noted the share price falling below 400p in response, it not fully in line with expectations and a still challenging valuation. But why are the shares materially lower today to around 250p?…

Consider Not Giving EMIS a Miss when Researching an Outfit Set to Benefit from the Boom in Medicine

Hello Share Swaddlers. Family doctors are in demand more than usual in the wake of covid. Many more are being trained than is usual as it’s suddenly become a fashionable career and to serve an ageing population we’ll soon have many more medics per person. They all need tools for the job. And more and more reliance is being laid by medical folk on computers. Which brings me to today’s choice of EMIS Group (EMIS).

Eleco – “Directorate Change”, from “invaluable” appointment to “immediate effect” stepping down from the board in less than a year...

Eleco (ELCO“announces that Robert Tearle is stepping down from the board as a Director of Eleco plc with immediate effect”. A red flag?…

BAG
BAG

A.G. Barr – emphasises positive trading, how’s the outlook?...

Previously writing on drinks company with brands including IRN-BRURubicon and Funkin A.G. Barr (BAG), in November with the shares at 520p I concluded that whilst a long-term buy looks cogently arguable, still just on my watchlist. The shares last closed just below 500p, but a trading update today has helped them back across this level – so what’s the latest?…

IGR
IGR

IG Design – hopefully my prior caution was heeded, a “significantly below” trading warning...

Previously writing on celebrations, craft, gifting, stationery and creative play products group IG Design (IGR), in November with the shares at 245p I noted it not seeing an improvement in supply shortages and inflationary pressures and that I remained cautious. Today a “trading update” and the shares, having last closed at 255p, down to 115p. So what’s the situation?…

QXT
QXT

Quixant – trading update, how creditable is its ‘ahead of expectations’?...

Previously writing on technology products principally for the gaming and broadcast industries company Quixant (QXT), in May with the shares rising above 150p I noted it emphasising its order intake but supply and competition risks together with an above £100 million market cap saw me avoid. What now after a full-year trading update?…

WTB
WTB
PREMIUM CONTENT

I like Whitbread shares... and will soon be booking a room too

When I last looked, Whitbread (WTB) shares were in the top ten of my personal pension fund positions. I have been a fan at various levels for years, having enjoyed the share price bump after Coca-Cola purchased the company’s Costa unit at a decent multiple to take a decent profit, and then invested it back into the share when the Premier Inn owner decided to raise some money back during the 2020 COVID-19 uncertainties. I may not have made it one of my formal two tips of the year during the Christmas holidays, but I am still hopeful of a return to a c. 40 quid share price as I discussed back in June last year. So what do I make of its Q3 update today?

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TON
TON

Titon – full-year trading improvement, but what’s the outlook?...

Previously writing on ventilation systems and window and door hardware company Titon Holdings (TON), last month with the shares at 109p I concluded that the numbers suggest the shares of potential interest but, ahead of the full-year results with the boardroom flux, only on the watchlist. Today the full-year results, and the shares currently down to 107.5p…

Hollywood Bowl – argues “optimistic looking ahead”… but what about bonkers Boris & co?

Previously writing on the UK’s largest ten-pin bowling operator Hollywood Bowl (BOWL), in October with the shares around 243p I concluded I’d monitor from the watchlist with particular interest in the balance sheet and an update on trading. The shares are currently slightly further lower at 229p on the back of the group’s year ended 30th September 2021 results announcement, so how are the financials and outlook?…

CRU
CRU
PREMIUM CONTENT

Coral Products – interims start to demonstrate profit potential, Buy

Plastic products company Coral Products (CRU) has announced its results for its half-year ended 31st October 2021 and that it “remains confident of the group’s future prospects”. This sounds encouraging.

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BAG
BAG

A.G. Barr – ahead of expectations, what about the outlook now?...

Shares in drinks company with brands including IRN-BRURubicon and Funkin, A.G. Barr (BAG) are currently 11% higher today, at 520p, on the back of a trading update. So what’s the story?…

ARC
ARC

Arcontech – “trading update”, I right to have questioned “confident we will return to growth”...

Previously writing on financial markets technology and related services group Arcontech (ARC), in September with the shares down to 140.5p I questioned “confident we will return to growth”. The shares most recently closed at 126.5p and are currently heading towards 100p on the back of a “trading update”. It means a profit warning then…

TRD
TRD
PREMIUM CONTENT

Triad Group – further share price upside as the strategy is further shown in following financials?

UK technology consultancy group Triad (TRD) announced results for its half year ended 30th September 2021 this month. The shares were 120p before the announcement and are currently available at 120p to buy. We believe the announcement though greatly encourages for the future.

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NAR
NAR

Northamber – significant further value potential...

Describing itself as a “value-add AV & IT distributor” to resellers, Northamber plc (NAR) has announced results for its year ended 30th June 2021 showing a post-tax profit of £0.337 million and a proposed dividend per share of 0.4p. However, the shares are up to 62p, a £16.9 million market cap…but there looks significant further value potential.

PRP
PRP
PREMIUM CONTENT

Prime People – interims show encouraging trading recovery we anticipated, Buy

Recruitment company with a focus on the real estate & built environment sectors Prime People (PRP) has announced its results for its half-year ended 30th September 2021 and that it believes it is well positioned to further respond quickly as markets strengthen. We are ahead on this share tip but is there more to come? You bet!

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Buy a Vimto drink rather than shares in Nichols

Have you ever had a can of Vimto? I do now and again and you can find it in most supermarkets here. Anyhow, the company behind the soft drink is Nichols (NICL), which itself was formed back in 1908 in the Scottish town of Shortridge (although now it is based in Newton-le-Willows, Merseyside). Today, sales are around 80% in the UK with the balance in the Middle East and (growing) in Africa. It is interesting to read today that full year 2021 profits are expected to be ahead of current market expectations, which is not too shabby given that, whilst UK sales were up 4.5%, elsewhere in the world growth was up over 36%.

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You Might Cop Alotta Copper Shares if you Like the Balance Sheet of this Footsie Giant

Hello, Share Scrapers. Many commodities are rising in value as the world returns slowly to normal after covid. One of the world’s most useful metals is copper, especially in the plumbing and electrical areas. Think electric cars, for example. Therefore a company which produces and sells the stuff is probably going to see a rise in its profits and consequently its share price.

BOO
BOO
PREMIUM CONTENT

Wake up Boo (hoo), it's a beautiful morning. Not!

It is no surprise that I have never personally purchased anything from boohoo (BOO) but I have certainly followed the stock in close detail. Today’s numbers for the six months to the end of August have their good points and their less good points…but more on why the shares are down over 10% today and over 30% year-to-date later.

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MBH
MBH

This Brick Maker Makes Hay While the House Boom Shines

Hello, Share Shooters. The reason Rightmove (RMV) and the like are putting on share value is that house prices are booming. August saw record rises in home values. I’ve mentioned before that housebuilders seem to be a good sector to support. But I suppose the same goes for many outfits that supply the raw materials for the building game.

BKG
BKG

Berkeley, Big Builder of Better Homes, Faces Rosy Future as House Prices Rise

Hello Share Minders. My favourite house builder is on track. It expects to make a full-year pre-tax profit of about £518 million and possibly more. For this we can thank rising house prices and tighter efficiency. The firm says future orders are now similar to levels before covid.

ZYT
ZYT

This Niche Venture that Plays it By Touch could Recover Fast after its Covid Battering

Hello, Share Bunnies. You can glean by the Footsie still being about 7% lower than pre-covid levels that some firms are still in the doldrums after being kicked by the bug. Of course also, the Footsie would be even lower than it is if some companies had not actually done well out of the affliction. But one company whose sales plummeted is Zytronic (ZYT).

ANG
ANG

Angling Direct – half-year trading update, how ‘pleasing’ is the progress?

Self-styled “leading omni-channel specialist fishing tackle and equipment retailer”, Angling Direct (ANG) has made a half-year trading update emphasising that it “is pleased to have made further progress in the period, despite all retail stores being closed at the beginning of the period (1 February) to 12 April 2021 due to government restrictions during the third Covid-19 lockdown”. With the shares currently responding up to 72.5p, how pleasing is the progress relative to the valuation?…

BBY
BBY
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Balfour Beatty – great last year but now time to exit

I see a year ago that Malcolm observed ‘Balfour Beatty Set to Leap Ahead as Covid Restrictions Thaw’. He was absolutely right as reflected by a share price that has risen from 240p then to just over 300p today. Investors who bought the stock however may be thinking about what to do today given a 5% share price fall following the publication of half year results. So what is going on at the ‘leading international infrastructure group…(which) finances, develops, builds and maintains the vital infrastructure that we all depend on’?

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TW
TW
PREMIUM CONTENT

Taylor Wimpey has share uplift scope...but it is late in the day

Back in April I wrote about Taylor Wimpey (TW.), ‘one of the largest British based housebuilding companies’. Back then the shares were above 180p, but even with a decent rise this morning after the publication of first half numbers, the shares are still ten pence or so below the level back then. So what is going on?

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This Space Age Supermarket Wizard Has Ambition in Spades

Hello, Share Shapers. Supermarkets are doing rather well at the mo, motivated I suspect by the take-over interest in Morrisons (MRW). However, I can see more reliable drivers for the online supermarket Ocado (OCDO), which has risen in prominence during the lockdowns. My brighter colleague Chris Bailey has already commented on this baby, but the situation is fascinating so allow me to put in my two bits worth.

AIR
AIR

Air Partner – emphasises “Positive Trading Update”, how positive is the outlook?

Previously writing on aircraft charter, safety & security company Air Partner (AIR), in January with the shares around 68p I concluded they remained on the watchlist. They last closed at 81p and are currently further higher on the back of an AGM Statement and Positive Trading Update”-titled announcement. So what’s the detail and current value?…

VTY
VTY

Sales Up, Prices Up, Debt Gone. What's there Not to Like about this Bubbly House Builder?

Hello, Share Lovers. It’s been a while since I’ve reviewed Vistry Group (VTY), the house builder born of a link between Bovis Homes and Linden Homes. On the back of a covid-caused housing boom, it is doing rather well. The first half of Vistry’s financial year saw ‘significantly’ better sales than it expected. And it has high hopes for the rest of the 12 month period. But the shares hardly moved on the news, so there could be some room for us to make hay.

DC
DC
PREMIUM CONTENT

Excited by the increasingly ‘omnipresent’ Dixons Carphone?

Back in March last year I observed that Dixons Carphone (DC.) shareholders should ‘at least hold on’ HERE. Given the timing, this unsurprisingly has worked well with the shares up 75% in the last fifteen months or so. Anyone who has seen the share fall to around a third of the share price five years ago may however still have a different view.

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W7L
W7L

Warpaint London – AGM Statement sparks shares further, what’s the story?...

An AGM Statement” announcement from cosmetics company Warpaint London (W7L)…and the shares are currently approaching 17% higher on the day at 163.5p. What’s the story?…

AMO
AMO

Amino Technologies – half-year trading update, still value?

Previously writing on Amino Technologies (AMO), in February with the shares at 128.5p I concluded I continue to consider there looks some recovery value here. What about now, with the shares at 158p on the back of a trading update?…

BMY
BMY

You Think Publishing is Under Fire? Not with this Wizard Outfit Waving a Magic Wand

Hello, Share Peekers. It’s been some time since I last suggested you take a look at Bloomsbury Publishing (BMY). Yes, I know some investors are wary of bookish companies because of the boom in other forms of leisure-filling. Like the easier streaming of films, for example. But this firm is putting more emphasis on digital reading. And it’s doing rather well, as its latest annual numbers attest.

SFE
SFE

Safestyle UK – “in line with recently increased market expectations”… but what does that mean?

Self-styled “the leading UK focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market”, Safestyle UK (SFE) is “pleased to report… trading and financial performance has continued in line with recently increased market expectations”, including “order book remains at levels similar to 2021’s strong opening position which continues to provide good visibility of near-term revenues”. Sounds encouraging, but what are the specifics?…

BBY
BBY

Constructing a Case for this Construction Colossus Shows How its Share Profits Could Build

Hello Share Tycoons. It’s possible you’re rather wary of construction companies, with the sector having had it tough in the last couple of years. And if Blighty encounters a post-covid recession, it’s likely that heavy building will be one of the first and worst areas to be hit. But if you’re in my camp that guesses there’ll be a coiled spring boom, then UK giants of the construction world could be among the stars.

ZYT
ZYT

King of the Touch Screen World Is Bashed by the Virus, But It Could have Been Worse. And Now Zytronic Is On the Up

Hello, Share Watchers. A company which suffered from lack of orders due to the coronavirus is now raring to go again. Zytronic (ZYT), a Geordie firm which makes touch sensors, has released its half-year figures to March 31st 2021. And they could have been worse.

GHT
GHT

Gresham Technologies – trading “in line with plans for the year”… but what are they?!

An AGM statement from financial software and services company Gresham Technologies (GHT) commences that it is “pleased to confirm that the current year has started well, we are seeing positive demand in the market for our technology as financial institutions prioritise investment into automation solutions”. What does that mean financially as it helps the shares up to 168p?…

XAR
XAR

Xaar – results argue “on track to return the business to profitability and growth”… but when?

Inkjet printing technology company Xaar (XAR) has announced results for the 2020 calendar year, with which it is “pleased… as they demonstrate that our strategy is working”. The shares have currently responded towards 140p, er more than 6% lower!…

TST
TST

Touchstar – “pleased to announce” results… so why a near 13% share price fall?...

Mobile data computing solutions and managed services company Touchstar (TST“is pleased to announce its final results for the year ended 31 December 2020” and includes that it “has made a better-than-expected start to 2021”. So why are the shares, at 74p, currently nearly 13% lower in response?…

System1 Group – trading update… but what was the actual bottom-line performance?

An announcement from System1 Group (SYS1) commences that this “Advertising Effectiveness Agency, is today providing a Trading Update for its financial year to the end of March 2021 ahead of its results announcement on 29 June 2021”. This includes “sales picked up faster than adjusted operating costs” – and the shares have currently responded to 240p, 26% higher. Justified?…

Biome Technologies – I having previously questioned share price rise, now trading update...

Previously writing on bioplastics and radio frequency technologies company Biome (BIOM) I questioned coffee-pod filtration material contract, share price rise justified?. That was to 375p. The shares last closed at 380p but are currently down to 350p on the back of a trading update. What’s this latest then?…

W7L
W7L

Warpaint London – sales ahead, but what about the overall balance sheet?...

A trading update from cosmetics company Warpaint London (W7L) includes that it “is pleased to report that improved trading has continued to be experienced in the first quarter of 2021… sales for the first three months of 2021 are ahead of the same period in 2020”. The shares have responded currently more than 13% higher to 123p, but what’s the detail?…

QXT
QXT

Quixant – 2020 results, challenges remain?...

Previously writing on self-styled “a leading provider of innovative, highly engineered technology products principally for the global gaming and broadcast industries” Quixant (QXT), last year I noted wariness of the company’s confidence for the future. It has today announced its 2020 results…

CEY
CEY
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Centamin – remains a recovery buy

Gold miner in Egypt Centamin (CEY) announced results for the 2020 calendar year emphasising “record revenue of US$829 million… generated significant free cash flow, of US$142 million, a 91% increase, making it possible to propose and pay dividends attributable to 2020 of US$104 million”  but also ‘impacted guidance’. A recovery buy?

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4imprint – full-year results, to capitalise on recovering markets?

Previously writing on promotional products group 4imprint (FOUR), in August I noted the half-year performance and outlook saw the shares falling back having reached around 2600p – and that I continued to avoid. They commenced today at 2690p but are now sliding back on a full-year results announcement…

BKG
BKG

Home Maker Berkeley Builds Hopes of a Rising Share Price As Buy-Backs and Rising Dividends offer Good Foundations

Hello, Share Stringers. Perhaps my current favourite house builder – and I own shares in more than one – has made some reassuring noises. Berkeley Group (BKG) reiterated its annual profit forecast as it benefits from pent-up demand and tax breaks for homebuyers. As previously expected, profits at are expected to be about £504 million.

BAR
BAR

Brand Architekts Group – interims, sustainable and profitable growth ahead?

Previously writing on beauty and personal care products group Brand Architekts (BAR), in November 2019 with the shares around 165p I concluded it means a current market cap of around £28 million, with, after the Manufacturing business disposal, there £24 million net cash and a seemingly profitable owned brands business. Some might thus consider a speculative buy here but, currently with concerns on how it uses the cash pile and the trading outlook, for me it’s on the watchlist. Today “pleased to be reporting” half-year results from the company, with the shares currently at 157.5p, a circa £27 million market cap…

essensys – argues “results in line with expectations”, but what are the expectations?...

Self-styled “the leading global provider of mission critical software-as-a-service platforms and on-demand cloud services to the flexible workspace industry”, essensys (ESYS) has made a trading update emphasising “a robust performance in the first half of the year… results in line with expectations” and “increasing market opportunity”. The shares have responded further higher to 212.5p, so what’s the detail?…

Nexus Infrastructure – argues “a strong balance sheet and order book”, so why the share price fall?...

Nexus Infrastructure (NEXS) concludes an AGM Statement today with that “with a strong balance sheet and order book of £279m, Nexus remains on-track to implement its recovery and growth strategy”. So why a currently more than 6% share price fall, to 153p?…

Shoe Zone – “Date of Final Results” announcement which is again much more than just that...

Previously writing on footwear retailer Shoe Zone (SHOE), in November with the shares at 56p I concluded cautiously on “Date of Final Results” announcement is actually much more. Today another “Date of Final Results”… and again there is more information than just that…

Take Another Look at Barratt's Homes. It's Elementary, My Dear Watson

Hello, Share Followers. It seems optimism towards housebuilders has won another example of vindication. Barratt Developments (BDEV) has just announced a record half-year with 9,077 home completions. And that’s up by 9.2% on last time. My more brilliant colleague Chris Bailey likes those figures but allow me to proffer even more encouragement…

AAZ
AAZ
PREMIUM CONTENT

Anglo Asian Mining – special dividend & “significant opportunities” - still more upside in the shares

Good News! There has been a ‘special dividend’ announcement from gold, copper and silver producer in Azerbaijan Anglo Asian Mining (AAZ), with it noting that it has delivered expected strong cash generation. So what’s the detail?…

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SPE
SPE

Sopheon – full-year trading update, share price delight again justified?

Previously writing on ‘enterprise innovation management’ software and services company Sopheon (SPE), in July with the shares at 870p I questioned “delighted to partner with Mondelēz”… but share price delight justified?. Today a trading update…

ZYT
ZYT
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Zytronic – currently orders “slight increase”, so why a further share price fall?...

A trading update from manufacturer of touch sensors Zytronic (ZYT) includes “the downturn in sales experienced in the second half of last year has now levelled out at approximately £2.0m for the quarter to 30 September 2020 and the first quarter of this financial year to 31 December 2020”. So why are the shares currently 10% further lower to 135p?…

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CNS
CNS

Corero Network Security – “revenue ahead of market expectations” but what about non-vanity metrics?...

Self-styled “a global leader in real-time, high-performance, automatic DDoS cyber defense solutions” Corero Network Security (CNS) has made a trading update emphasising “Revenue ahead of market expectations driven by record order intake”. As I though previously questioned, is there really “solid foundations” here?

BKG
BKG

With Bigger Ticket Homes in Demand, Berkeley the Builder should Fix It for Shareholders

Hello, Share Seekers. My favourite housebuilder, Berkeley Group (BKG) isn’t doing too badly given the disrupted year all builders have experienced thanks to the virus. It’s announced that first-half revenue was only down by 3.8%, to £895.9 million. It could have been much worse, but the virus has, rather perversely, caused house prices to rise which offset most of the damage.

ZYT
ZYT

Zytronic – results, trading challenging… but a longer-term recovery buy?

Previously writing on manufacturer of products for electronic displays Zytronic (ZYT), in October I suggested value recovery potential but noted it “facing uncertainty regarding levels of future business” and on the watchlist. Now results for its year ended 30th September 2020 have been published. On the surface they look bad, but if you dig deeper maybe this has attractions as an investment…

Biome Technologies – Q3 bioplastics revenue +131% year-on-year… why a lack of share price response?

Biome Technologies (BIOM) has updated including “revenues in the Bioplastics division in Q3 at £1.6m were 48% ahead of the previous quarter (Q2 2020: £1.1m) and 131% ahead of the prior year comparative (Q3 2019: £0.7m). The division’s revenues in the first nine months of the financial year stood at £3.8m, 93% ahead of the equivalent period last year”. The shares though have responded little changed at around 155p, and comparing to 240p as recently as last month…

CEY
CEY
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Centamin – near-term production outlook disappointment, but the long-term promise remains...

Gold miner in Egypt Centamin (CEY) has updated emphasising “the third quarter marked another solid performance”, yet the shares have dropped back to 131.3p. The reason is a reduction in guidance for 2021 but the market has over-reacted…

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D4T4 Solutions – ‘strong levels of activity’ not the same as trading performance then!...

In early August D4T4 Solutions (D4T4) updated including that it “continues to trade in line with the board’s expectations, with strong levels of both existing and new client activity”. Today “the AIM-listed data solutions provider, provides… trading update for the six months to 30 September”… and the shares are currently back below 200p, 12% lower on the day…

Solid State – half-year trading update; argues “similar” to last year’s record performance, but...

“Manufacturer of computing, power and communications products, and value added supplier of electronic components”, Solid State (SOLI) has updated including that it “expects to announce revenues and adjusted profits similar to the comparative period in the 2019/2020 financial year, which was itself a record first half performance for the group” and “currently anticipates an outcome to the 2020/21 financial year similar to the prior year”. The shares have responded to 585p, more than 6% lower…

TPG
TPG

TP Group – argues “resolute response” & “a strong start to H2”, so why the share price fall?...

TP Group (TPG) has announced results for the first half of 2020, including emphasising “resolute response” and “a strong start to H2 with multiple significant orders secured”. The shares are currently just above 6p in response, more than 13% lower…

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Wishbone Gold – interims, more to come from “a very exciting region for exploration at the moment”?...

Wishbone Gold (WSBN) has announced results for the first half of 2020, with it having refocused to what it describes as “a very exciting region for exploration at the moment”…

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Motorpoint – “demand levels have exceeded management's expectations”... so why are the shares lower?...

Self-styled “the UK’s leading independent omni-channel vehicle retailer”, Motorpoint Group (MOTR) has updated commencing, “Since the group’s sites reopened from the UK-wide lockdown in early June, demand levels have exceeded management’s expectations with strong year on year sales growth”. On the announcement, the shares are though currently 6.5% lower…

JHD
JHD
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In praise of James Halstead plc

For another time are my views on Rolls-Royce (RR.) after its big money raising announcement today because today I actually want to dole out some praise. I know previously (for example here) I have lauded Next (NXT) for its commitment to a high level of disclosures and a detailed plan, and typically these are the sort of traits I look for. You can have all the numbers and insights you like but ultimately you are putting your faith into a management team and their day-to-day capabilities. I love the insights from big themes and various important numbers, but company culture matters hugely too. And talking about culture, brings me to the industrial flooring company James Halstead (JHD)…

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AIR
AIR

Air Partner – I having previously suggested bank gains, Interims...

Previously writing on aircraft charter, safety & security company Air Partner (AIR), in July with the shares at just above 90p I suggested it possibly the point to bank gains here and for now monitor how the “more normalised” trading goes from the watchlist. Today half-year results – and the shares currently 6% lower on the back of them, at 72p…

SNX
SNX

Synectics – after recent somewhat share price recovery, “Trading Update”...

Previously writing on self-styled “a leader in the design, integration and support of advanced security and surveillance systems” Synectics (SNX), in June I concluded that I remain cautious on the overall recovery here and thus still only presently on the watchlist. Today a “Trading Update” and the shares currently 13.5% lower on the back of it, at 112.5p…

BAG
BAG

Why this Soft Drinks Company Could Put Some Fizz into its Battered Share Price

Irn Bru isn’t a Star Wars character but a soft drink a bit similar to Tizer, so how has its owner A G Barr (BAG) done in the virus crisis? Not too badly, it seems, though the share price has been hit for six. Maybe a recovery is on the cards…

KWS
KWS

As Armchair Gaming Soars During the Epidemic, Keywords Studios Looks Set to Click Ahead

Hello Share Peekers. It still pays to search out companies which are likely to do well out of the covid restrictions. When you can’t go out as easily or mix with other people, a solitary pastime you can do from home seems ideal. One such company which fits the bill is Keywords Studios (KWS). This is a company which develops games for X-boxes, Playstations and the like. You’ll have heard the stories that home gaming has, amazingly, taken over as the biggest money spinner over all kinds of entertainment media, including films…

ECK
ECK

Eckoh – dividend reinstated… but what’s already in the price?

Secure payment and customer contact technology company Eckoh (ECK) has updated including having previously “did not intend to propose a year-end dividend… Given the continued resilience of the business combined with its high levels of repeat and recurring revenues… is pleased to announce that the board has approved the payment of a special dividend of 0.61p per ordinary share” – and the shares are currently a further few percent higher…

This Medical Software Specialist Is Set to Benefit Now and in the Post-Covid Future

Hello, ShareTellers. While Tony Blair once famously said; ‘Education, education, education!’, I think we should adopt the suggestion to ‘Health, health, health!’ don’t you? Companies in this wide sector have much better chances in the future as part of the Covid-effect. So today let’s take a peek at EMIS (EMIS). This is an outfit that develops the latest technology for doctors’ surgeries and pharmacies.

BBY
BBY

Balfour Beatty Set to Leap Ahead as Covid Restrictions Thaw

Hello, Share Fans. Some companies which you might expect to have been knocked flat during the months of lockdown have not done all that badly, considering the dire situation which seemed to face them. One such outfit is Balfour Beatty (BBY), the construction giant…

4imprint – interims, “to re-establish the growth pattern of recent years”?...

Previously writing on “leading direct marketer of promotional products in North America, the UK and Ireland”, 4imprint (FOUR), in April with the shares  towards 1900p I concluded including with even it considering “it is still too early to assess the duration and full economic impact resulting from COVID-19” - I suggest the valuation more than high enough for now. The shares have since reached around 2600p but are falling back today on the back of half-year results…

Hydrogen Group – “activity levels have broadly stabilised”… but demand recovery?...

Self-styled “global specialist recruitment group”, Hydrogen (HYDG) has updated including “activity levels have broadly stabilised during the second quarter… has maintained the critical mass in all our key markets” and “increase net cash during the period to £6.5m (31 December 2019: £4.5m, and 30 June 2019: £3.4m)”. The shares have currently responded to 28.5p, 9.5% lower!...

SNX
SNX

Synectics – #2 shares bouncing on business update, but...

I noted earlier Braemar Shipping Services – shares bouncing on business update, but..., and shares in Synectics (SNX) are doing likewise. Updating on Synectics in December, I noted the shares are now around 150p and I apologise that this recovery play has not worked out as hoped currently, but I’ll continue to monitor – with potentially improved conditions for it in the year ahead. The shares remained around 150p until mid-March, though had since fallen to approaching 100p. They’ve currently bounced to 112.5p on the back of a “Business Update”...

TST
TST
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Touchstar – shares now bounce following “Update on trading and impact of Coronavirus”…

Shares in Touchstar (TST), a tip earlier this year, fell below 30p last month but have currently recovered back above this level, including following an “Update on trading and impact of Coronavirus”

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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”

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…

Mind Gym – “underlying trading remained strong between the half year-end and the end of January 2020, however”…

Describing itself as a “global provider of human capital and business improvement solutions”, Mind Gym (MIND) has updated commencing; “Underlying trading remained strong between the half year-end (30 September 2019) and the end of January 2020, however”

Ten Lifestyle – update “as expected on a group-wide basis”… Or not?...

‘Travel and lifestyle service’ group Ten Lifestyle (TENG) has updated commencing “adjusted EBITDA is expected to be breakeven, in line with the board's expectations and a significant improvement on adjusted EBITDA loss of £2.5m in H1 FY19, with continuing improvements in operating cost efficiencies”… the shares, having already fallen from approaching 130p last month, have currently responded towards 78p – a further approaching 6% lower…

RMV
RMV

Is the Right Move to Invest in Rightmove? Could be...

Hello, Share Travellers. It’s hard to see how the virus will affect the number of homes being put up for sale in Blighty. So it might be a good time to look at Rightmove (RMV). It’s a wormhole to connect buyers with sellers. And I suppose most people seeking a home would have a nosey there...

GDP
GDP
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Goldplat – interims emphasise return to profit & reasons for further encouragement

Goldplat (GDP) has announced results for its half year ended 31st December 2019 and that “the progress made on key initiatives to increase long term visibility of earnings in the recovery businesses, specifically improved recovery on lower grade contaminated material and strengthened relationships within mining industry, are encouraging”

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TON
TON

Titon – profit warning, really down to “continued to face political and economic uncertainties”?

Having previously updated in December including “we continue to face political and economic uncertainties which have contributed to a challenging first two months of the fiscal year”, though with “our business model is robust”, now an “AGM Statement” from ventilation systems and window and door hardware company Titon Holdings (TON) – and the shares currently at 87.5p, more than 20% lower…

Bumper Results for the Watery Company That Stops Leaks, but It May Not Be Too Late to Dive in

Hello Share Trundlers. As predicted, the full-year numbers from Water Intelligence (WATR) look to be a bumper set and the share price rose on the news. A few weeks ago I was well down on my fairly new investment and now I’m nearly back to par. I’m rather confident that better is still to come. Let’s have a look at the trading update info...

XPD
XPD

Xpediator – “pleased to confirm… 2019 is expected to be in line with market expectations”… Really?

“Xpediator (AIM: XPD), a leading provider of freight management services across the UK and Central and Eastern Europe is pleased to confirm that trading for the year ended 31 December 2019 is expected to be in line with market expectations”. The shares have responded higher to around 29p… but earlier in the year were comfortably above 50p! Hmmm…

ING
ING
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Ingenta – 2019 update & now “a leaner, more responsive business”…

Software and services provider to the publishing and media industry, Ingenta (ING) has updated on its year ended 31st December 2019 and emphasised “a leaner, more responsive business better equipped to service its diverse customer base”

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Nichols – shares slump as 2019 anticipated to be “in line with market expectations”, but 2020…

Soft drinks company Nichols (NICL) has updated including it is “pleased with… performance… sales in both the UK and International businesses are ahead of 2018… we currently anticipate full year profit before tax to be in line with market expectations”. The shares have currently responded to around 1500p… more than 12% lower!...

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BBY
BBY

Turning Down Unprofitable Orders is Working for Battling Balfour Beatty

Hello, Share Samplers. With the Footsie still on fire after the election, it’s not easy to pick out shares that might beat the pack as nearly every company is forging ahead. But Balfour Beatty (BBY) seems set to keep up with the best of them...

SPE
SPE

Sopheon – trading update… but I thought still “a significantly expanded sales pipeline”?...

Previously writing on self-styled “provider of software and services for Enterprise Innovation Management and Strategy Execution Management”, Sopheon (SPE), I questioned in July no change in “expected commercial momentum”, concluding, with the shares at 800p, with what is currently being delivered and clear commercial momentum risk, avoid / sell. Now “Trading Update”

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Yourgene Health – interims & emphasises “firmly on target”…

Yourgene Health (YGEN) has announced results for its half-year ended 30th September 2019 and that “at this interim stage we are firmly on target to deliver full year results in-line with market expectations, with consensus analyst forecasts looking for revenues of nearly £17m for the year ending 31 March 2020, a considerable jump from last year's £8.9m”

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SAA
SAA
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M&C Saatchi advertises yet another shocker

I wonder what the M&C Saatchi (SAA) Christmas party will be like this year? Judging by today's regulatory news update, I would be tempted to cancel it – if it was going ahead in the first place. You may recall that I have written twice about the advertising company - most recently here back in September - talking about its slow car crash involving both an accounting scandal and depressed profits. Today's update provides clarity on the former, but provides another slice of trading gloom. And the shares? Down 40% from already depressed levels as I write. It is going to have to work hard to advertise this positively...

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TFW
TFW

FW Thorpe – main division trading “significantly improved on the same period last year”, BUT…

FW Thorpe (TFW) is “pleased to report that this summer's trading, at our main division Thorlux Lighting, was significantly improved on the same period last year, and its order book has remained healthy throughout the autumn”. Sounds promising…

Blue Prism – argues “a very strong financial performance”. Er…

Blue Prism (PRSM) has updated commencing “the group has seen a significant acceleration in sales in the second half of the year, contributing to a very strong full year performance” and including it “enters 2020 with a record order book”. Sounds promising…

BAR
BAR

Brand Architekts – AGM update, can it really ‘expect UK & international sales to return to growth in the second half’ with any confidence?...

Brand Architekts (BAR), formerly Swallowfield, has updated concluding “we are well placed to navigate and grow in this market. As a result, the board expects to deliver positive progress for the full year”. The shares have responded currently to around 165p – 10% lower. Hmmm…

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Shoe Zone – full-year trading update. A recovery & income buy?

Previously commenting on Shoe Zone (SHOE) we noted it updating disappointingly but the Big Box and Digital growth elements of its strategy progressing, the latest balance sheet was still in decent shape and it not anticipating any change to dividend policy, with even just the ordinary dividend per share for last year totalled 11.5p – and thus to, at worst, hold. Now a “Full Year Trading Update” from this, the UK's largest value footwear retailer…

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ECK
ECK

Eckoh – emphasises “a very strong first half”… but what does the valuation already demand?

Previously writing on secure payment and customer contact technology company Eckoh (ECK) I cautioned just over a year ago. The shares are though currently higher on the back of a half-year trading update including “it has been a very strong first half to the year with excellent levels of contracted business and double-digit revenue growth in both the UK and US”

NET
NET

As Halloween approaches, who you gonna call? Netcall, mayhap?

Hello Share Punchers. For many years I’ve held shares in Netcall (NET). Though the share toppled soon after I bought, I've held on all these years. Then came a slow rally. This continued for a time, then came another decay. Currently, I think I’m well short of breaking even. But firstly, what does Netcall do?...

Nexus Infrastructure – ‘profits in line’ (are they?), ‘order book provides good visibility of earnings’ (does it?)…

Provider of infrastructure services to the UK housebuilding and commercial sectors, Nexus Infrastructure (NEXS) has updated with a headline “Profits for the full year expected to be in line with market expectations” and a statement including “the continued growth in our order book provides us with strong visibility of future earnings and gives us confidence in the future… The board believes that the group is in a strong position to deliver consistent organic growth, aided by the structural undersupply in the UK housebuilding market and Government stimulus for the sector”. The shares have responded up to 140p – though that down from 216p reached in April. Hmmm…

System1 Group – half-year trading update… but how’s the outlook (including for “the heart of the increased new product development programme”)?

Marketing services group whose last results statement included “our pioneering application of Behavioural Science to predicting which ads will create the greatest long-term growth and profitability”, System1 (SYS1) has updated including “normalised H1 pre-tax profits… are expected to be some £2.4m, approximately 24% higher than in the comparable period”. Sounds good…

Alfa Financial Software – two and a half months since half-year end cares to update & surprise, surprise…

“Alfa Financial Software Holdings PLC ('Alfa') provides the following update on trading, ahead of its interim results which will be released on Thursday 26 September”. Hmmm – why such an update so close to the results announcement? – and not ‘pleased to provide’ I immediately note…

CCT
CCT
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Character Group – toys thrown out of the pram

As it is a Friday, a short quiz. How many of the following do you recognise: 'TekstaChill FactorThe ZelfsDoctor WhoPeppa Pig, Fireman SamPostman Pat'? If you got more than four...then clearly you have a young child in the house as these are some of the key brands for toys company Character Group (CCT)…

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BVS
BVS

Another Big Builder Builds Big Profits - Yet the Share Price Lags Behind

Hello Share Chasers. My series of recommendations to buy into house building expands today to take in Bovis Homes (BVS). Yes, there are doubters - including some on this legendary website - but builders continue to post encouraging numbers and Bovis is the latest firm to improve. And yet the share price initially fell on its half-year results...

ABC
ABC
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Abcam – still fascinating, still volatile

Something a little different this morning and that is another quick look at the AIM market-listed Abcam (ABC), which I last wrote about back in March. Back then I concluded about the "pretty fascinating company making, sourcing and selling a range of 'highly validated biological binders and assays to help study the important targets in critical biological pathways'" that:

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You Might Not Want to Give EMIS a Miss as Demand by Doctors Might Soar

Hello Share Movers. As I've opined before, doctors surgeries are becoming fuller as we get older and more frail. Also, I suspect many of us are not as stoic as our ancestors and go running off to the quack for the slightest thing. All this extra pressure on your GP means that they look for ways to speed things up. Enter EMIS Group (EMIS), a company I've commended before...

Another Big Builder Defies the Doubters and Posts Decent Numbers. It's Worth a Look

Hello Share Buyers. House building is a funny old game for poor old share shifters like us. If house prices fall, as they seem to be doing now, you can bet your last dollar that builders' share prices will go down even faster. But my feeling is that continuing demand for homes and low interest rates will keep the sector bubbling up, especially for more affordable homes...

BKG
BKG

London House Prices May Falter, but Berkeley Group Should Continue to Build Share Value

Hello Share Topplers. Since I last commended my favourite builder to you, its share price has marched ahead. But there could be further to go for Berkeley Group (BKG). The company has done what we all seek to do, but rarely succeed. That is: it has worked out the best timing...

BBY
BBY

This Construction Giant Shines By the Brill Idea of Refusing Less Profitable Contracts

Hello Share Takers. Some construction giants have taken a share drubbing in the last couple of years. But Balfour Beatty (BBY) is now on the front foot – and likely to stay that way in my humble opinion...

WGB
WGB

Walker Greenbank – emphasises H1 “licensing income performed strongly”, BUT…

Interior furnishings company Walker Greenbank (WGB) has updated including even “excluding accelerated income under IFRS 15 and income from apparel contracts, core licensing income was up approximately 12.2 per cent”. The shares are though currently slightly lower, at around 86p…

SPE
SPE

Sopheon – no change in “expected commercial momentum”? Er…

A trading update from self-styled “international provider of software and services for complete Enterprise Innovation Management solutions” Sopheon (SPE) includes “since January, we have increased our sales pipeline value by 48 percent… includes a large number of opportunities where we are strongly positioned and that we remain confident have a high probability of closing in the balance of the year”. So why are the shares - at 800p - currently approaching 15% lower?...

TAP
TAP
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Taptica International – Blinkx did stink, and now…

Shares in Taptica International (TAP) are up smartly today, but still well down on the week. An AGM statement concluded “the strategic rationale for the merger remains strong and in the best interest of shareholders, as such the board remains optimistic in the medium term”. This was after a recent completion of a merger with RhythmOne – the former Blinkx…

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Poolside Tycoons Might Take a Peek at this Swimming Leaky Pipes Doctor

Hello, Share Splashers. As the weather warms up, let’s probe a company which has a lot to do with domestic swimming pools. Water Intelligence (WATR) doesn't supply them, but it keeps a close watch on them with some whiz-bang technology. And it makes a lot of income by finding and stopping up leaks (may I topically plug my famous share winners' book Poolside Tycoon at this stage)...

WGB
WGB

Walker Greenbank – full-year adjusted profit “in line with expectations”. Really?...

Interior furnishings company Walker Greenbank (WGB) “is pleased to announce its financial results for the 12 month period ended 31 January 2019”. The shares commenced that year approaching 130p, ended it at sub 90p and are currently sub 60p – and slightly further lower on the results announcement. “Pleased to announce”?...

Directa Plus – “honoured” & “excited” by contract win. But…

Directa Plus (DCTA) is “honoured to be working with Loro Piana to incorporate Directa Plus's innovative G+ Graphene technology into some of their fabrics and garments” – and the shares have responded higher, back above 60p…

VCT
VCT

Victrex – Q1 much weaker, will new projects & reduced headwinds really support near-term assumptions?

An AGM update from “high performance polymer solutions, focused on the strategic markets of Automotive, Aerospace, Energy, Electronics and Medical”-company Victrex (VCT) includes “our expectations for the second half are unchanged, with new projects and reduced headwinds supporting our assumptions” – and the shares have currently nudged further ahead of 2300p. However, that compares to circa 3400p at the start of October. Hmmm…

AAZ
AAZ
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Anglo Asian Mining – positive 2018 update, production “at upper range of guidance”...

“Q4 and FY 2018 Production and Operations Review” from Anglo Asian Mining (AAZ), emphasising “full year production at upper range of guidance and net cash of $6.1 million at 31 December 2018”

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Headlam warns again... Time to buy?

Back in August I mused about Headlam (HEAD), which claims to be 'Europe's largest distributor of floorcoverings, providing the distribution link between suppliers and customers across the UK and Continental Europe'. Since then the shares have fallen further and today's update has deepened that trend…

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BOO
BOO
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boohoo – argues “strong growth”… so why a strong share price response…down?

“Trading Update” for the four months ended 31st December from boohoo (BOO) emphasises “Strong revenue growth of 44% (43% in constant exchange rates) across all geographic regions” (to £328.2 million), “Gross margin for the four months 54.2%, up 170bps” and “Strong balance sheet with net cash of £189 million (31 December 2017: £127 million)”. The shares have currently responded, er... more than 7% lower towards 180p…

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You are not 'bonkers' anymore for buying PageGroup...just overly hopeful

I believe it was the recruiter PageGroup (PAGE), trading under its 'Michael Page' moniker at the time, which found me my first (temporary) job in finance when I was trying to make my way. The history books will note that I quit after less than two weeks when I landed a permanent opportunity but I have always retained a soft spot for the company. Of course in the hard-headed world of financial analysis all of that does not matter a jot though…

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Brave Bison – “Trading and Operational Update”, this time “pleased to provide” merited?

Online ‘social video’ company Brave Bison (BBSN) “is pleased to provide a trading and operational update”. However, it has previously been ‘pleased’, or indeed “delighted”, in announcement ramparoonies (e.g. HERE). Is it different this time?

Daily Mail Results Give Little Comfort as the Newspaper World Continues to Struggle

Hello, Share Rangers. As a former journalist who served Fleet Street, I’m unhappy with the demise of newspapers. But share bunnies need to be sensible rather than nostalgic. So on the full-year results of the Daily Mail (DMGT), I will continue to avoid its stock.

PRP
PRP

Prime People – half-year results, outlook still encouraging?

Writing on Prime People (PRP) in the summer, I concluded I’d want further detail of stated ‘encouraging activity’ but on the watchlist and the braver might consider a small, speculative buy. Now half-year results from this ‘real estate & built environment, energy & environmental and insight & analytics sectors’ specialist recruitment group…

GTC
GTC

Getech – with results later this month, what to do?

Having recently slid below 35p, shares in Getech (GTC) have now recovered to that level ahead of results “on or around the end of September”

AIR
AIR

Air Partner – “traded well over the first half”. Just how well?

Air Partner (AIR) has updated including that it “traded well over the first half of the financial year” and “remains confident in the group's prospects for the full year and beyond”. Sounds encouraging…

BBY
BBY

Profit Up 69% on Lower Revenue and Debt Bashed. What's Not to Like About this Construction Giant?

Hello Share Stripers. How's this for an encouraging set of results? Balfour Beatty (BBY) has announced that underlying operating gains for the first half of 2018 are up 69%. That brings them to £66 million. And what makes that mighty jump even more impressive is that it was achieved on less revenue.

EKT
EKT

Elektron Technology – “ahead of market expectations”, but enough to suggest a buy?

Technology group Elektron (EKT) “is pleased to” announce first half year sales from continuing operations +16.9% and that “we now expect our performance for the full year to be ahead of market expectations”. Does this make the shares a buy?...

LGT
LGT

Lighthouse Group – half-year trading update, is ‘in line with expectations’ sufficient for the valuation?

Last year I concluded that shares in financial advisory group, Lighthouse (LGT) could prove good value at 11.75p and that the valuation continued to look undemanding at circa 14p. I updated earlier this year at 24p, suggesting that the valuation fair enough at this juncture – though now write again with the shares currently further higher, above 37p, on the back of a trading update…

AMO
AMO

Amino Technologies – emphasies “confidence in full year expectations”, so why the share price decline?

Amino Technologies (AMO) has updated on trading for its half-year ended 31st May 2018, including “as operators transform their services to IP delivery to meet consumer demand for entertainment 24/7 on any device we are seeing good traction for our three clear market opportunities - upcycling, the transition from cable to IPTV, and Android TV. Good visibility provided by our order backlog and pipeline underpins the board's confidence in full year expectations”. So why a current more than 4% share price decline?...

ZYT
ZYT

Zytronic – ‘pleased to report a doubling of the dividend’, so why a share price decline?

Touch sensors manufacturer Zytronic (ZYT) “is pleased to report a doubling of the interim dividend to 7.6p (H1 2017: 3.8p) in line with our progressive dividend policy, and the continued development of our business into new markets”. Sounds promising – and the shares have currently responded… more than 8% lower, towards 400p. Ah…

4imprint – trading “above the board's expectations”… but does that mean value?

Previously writing on promotional products direct marketing group 4imprint (FOUR), I concluded in November with the shares at 1900p that the potential reward compared to the risks suggested it sensible to be bearish. The shares slid below 1570p last month, but are currently back above 1800p following an AGM Statement

SND
SND

Sanderson – trading “slightly ahead” & “a good level of confidence”. All Good - BUY

Digital Retail and Enterprise technology group Sanderson (SND) has announced “trading results for the six months ended 31 March 2018 are slightly ahead of management's expectations” and “a good level of confidence that Sanderson will make significant further progress during the current financial year ending 30 September 2018”

Mpac Group - a good recovery so far, more to come?

Having been recommended at a 125p offer price in June and following a recent AGM update, shares in Mpac Group (MPAC), then Molins plc, are now comfortably above 200p...

System1 Group – trading “has been disappointing”, so why are the shares higher?

A trading update from marketing services group, System1 (SYS1) including noting trading during year ended 31st March 2018 “has been disappointing”. The shares are though currently approaching 7% higher, at 320p…

Why I'll give EMIS a Miss - Until I See How the 2018 Land Lies

Hello, Share Smackers. Operating profit for 2017 dropped by more than half at EMIS Group (EMIS). According to the figures just out, £11.2 million was used up covering service and reporting issues. That seems fairly remiss in a modern company which should always be equipped to pleasing its big customers.

FLX
FLX

Falanx - management changes but it is the numbers that matter, Buy

Post last week's placing and acquisition of First Base, Falanx (FLX) has completed, what we hope will be, its last reshuffle at the top. The key men, executive chairman Mike Read and COO John Blamire stay in situe. And that is what really matters.

RedstoneConnect – emphasises “traded strongly”, but what about cash generation?

Previously updating on provider of technology and services for 'smart' buildings and commercial spaces, RedstoneConnect (REDS) last year I concluded at a now 167.5p (there’s been a 1:100 share consolidation) that the valuation looked high for the just reported numbers, but will not be on the suggested growth potential being delivered and the stock was on the watchlist. With the company’s year ending this month, we now have a Business Update

Best of the Best – increases VAT recovery claim, but hit by currently expected impact of Remote Gaming Duty

An “Update on VAT Claim and Share Buy-Back” announcement from competitions to win luxury cars company Best of the Best (BOTB). This includes that the company intends to conduct buy-backs of shares for cancellation “as and when they become available at volumes and prices that, from time to time, the Board of BOTB considers appropriate”. So a good tax update then? Er…

ZYT
ZYT

Zytronic – full-year results, argues “significant improvement”. Really?

Having been a successful constituent in the Nifty Fifty portfolio, profits in touch sensors company Zytronic (ZYT) were taken earlier this year at 480p. The shares did continue heading higher, but are currently down to 500p to sell on the back of results for the company’s year ended 30th September 2017…

UNG
UNG

Universe Group – as warned, profit warning…

Point of sale, payment and on-line loyalty systems developer and supplier Universe Group (UNG) was until recently a constituent of the Nifty Fifty portfolio. However, we concluded a couple of months ago to sell now and bank a small gain at 8p due to fears of a profit warning. Today a “Trading Update”

System1 Group – further down following recent interims, where now for the shares?

Last writing on marketing services group System1 (SYS1), the former BrainJuicer Group, I concluded with the shares at 530p that I’d currently continue to avoid. Following recent results for the six months ended 30th September 2017, the shares are presently further lower, towards 400p…

DIA
DIA

Dialight – “Trading Update” = outsourced manufacturing issues profit warning

Previously writing on Dialight (DIA) with its shares having recovered to above 1100p, I noted that suggested I’d been too cautious on it recently but that I considered the valuation excessive – and to leave precious little margin for error. The shares had since retreated to close last week at 815p – and there’s now a trading update noting “short-term production challenges”

SRT
SRT

SRT Marine Systems – OCEAN-SCAN satellite system decision conveniently timed re. cash position?

Previously writing on SRT Marine Systems (SRT), I noted the company’s announcement including “with many thousands of buoys and remote maritime infrastructure worldwide we believe our significant technology, product and market investments place SRT in a dominant position within this promising new market segment”but that, instead of this jam tomorrow talk, it will be particularly pertinent to review subsequent cash flow and balance sheet information – that as at 31st March 2017 having showed slightly reduced gross and net cash of £1.8 million and £0.8 million respectively. We now have “OCEAN-SCAN Satellite System” and “£10 million working capital facility” announcements…

IGR
IGR

IG Design – trading update sees shares further higher, what of value now?

“Trading Update” announcement has seen shares in IG Design Group (IGR) higher and research updates…

NBB
NBB

Norman Broadbent – “Corporate Update & Change of Adviser”. Hmmm, how’s the balance sheet?

Self-described ‘talent acquisition & advisory services’ company Norman Broadbent (NBB) “announces the appointment of Gary Browning as Strategic Adviser to the Board and CEO, the appointment of WH Ireland as Nominated Adviser and Broker, the issue of a £300,000 loan note and the commencement of CFO succession planning”. Hmmm…

Capital Drilling – half-year results include “broadened” uplift in activity, so why are the shares lower still?

Drilling services company Capital Drilling (CAPD) has announced results for the first half of 2017, including that an initial uplift in activity has broadened with an improving outlook in industrial metals and capital markets activities support. Why then are the shares further lower, below 40p, having been above 60p earlier this year?...

Tracsis – “considerably stronger” second half & “well positioned” trading update, so why are the shares unmoved?

Rail and traffic-focused technology and services company Tracsis (TRCS) has updated on a second half of its financial year ended 31st July 2017 “considerably stronger than the first half” and that “initiatives, our continued diversification, a good pipeline of M&A prospects, and anticipated industry momentum leaves the group well positioned as we enter the new financial year”. The shares have though currently responded unchanged at 440p. Hmmm…

Zamano – believes close to a sought business disposal, so why are the shares lower?

Attempting to sell its ‘premium SMS’ business and “in discussions with a number of parties”, Zamano (ZMNO) now “believes it is close to executing a transaction with a preferred party”. Sounds positive, so why are the shares lower, further below 4p?...

Imaginatik – full-year results, “a year of good progress”. Really?

Innovation technology and consulting company Imaginatik (IMTK) has announced results for its year ended 31st March 2017, arguing “a year of good progress as we continue to position the business to capitalise on the growing market opportunity available”. The shares though are at a depressed 2p, so what’s the story?...

JHD
JHD

James Halstead – “confident of once again reporting record turnover and profits”, so why are the shares lower?

I previously wrote on commercial flooring manufacturer and distributor, James Halstead (JHD) in January on the back of a trading statement taking the shares back up to 500p – though concluding I still particularly wary of the valuation and continued to avoid. There is now a pre-close trading statement which sees the shares comfortably below 450p…

EZJ
EZJ

EasyJet's Income Has Taken Off, but I'm Not Sure the Share Prospects Are Flying High

Hello, Share Pingers. Budget airline EasyJet (EZJ) has issued a trading statement to say that passengers in its third quarter were up by more than nearly 11% to 22 million. Revenues improved by 16% to £1.4 billion.

Photo-Me's Full Year Results are a Picture of Health

Hello Share Pickers. I knew Photo-Me (PHTM) would hit the daily losers list when the shares rose noticeably the day before. And yet the full year results figures which sparked the drop, were better than many of us expected. Buy on the rumour, sell on the fact is a rampant strategy.

James Latham – “pleased” with full-year results, but a buy?

Having last year commented on slowing growth, I note results for its year ended 31st March 2017 from panel and timber distribution company James Latham (LTHM)…

HRN
HRN

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

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

FTC
FTC

Filtronic – year-end update, following prior ‘ahead of expectations’ announcement…

Electronics products for the wireless telecoms infrastructure and related markets-focused, Filtronic (FTC) is “pleased to provide” a trading update for its year ended 31st May 2017 – and the shares has responded slightly higher towards 13p...

SThree – trading update argues “solid base”, but what about the macro picture?

Shares in staffing business SThree (STHR) are currently trading higher, above 300p, on the back of a half-year trading update. However, they are still lower than the more than 330p reach earlier this year, so what’s the current story here?...

ECK
ECK

Eckoh – full-year results argue “excellent” future prospects, but what’s already in the valuation?

“Eckoh plc (ECK), the global provider of secure payment products and customer contact solutions, is pleased to announce its final results for the year ended 31 March 2017”. Hmmm, this though follows a profit warning in September

DIS
DIS

Distil – emphasises “strong growth” & “maiden profit”, so why the share price decline?

Shares in alcohol drinks brands (including Blackwoods Gin and Vodka, RedLeg Spiced Rum, Blavod Black Vodka, Diva Vodka and Jago's Vanilla Cream Liqueur) company Distil (DIS) are continuing to fall following results for its year ended 31st March 2017, despite these emphasising “strong growth in brand volumes and revenues delivers maiden profit”

SOM
SOM

Somero Enterprises – a special dividend & “remains encouraged” by trading environment, but a buy?

US-based manufacturer (why’s it listed on AIM?) of equipment automating the spreading and levelling of concrete, Somero (SOM) has held its AGM today, which has also seen an update on trading…

AMO
AMO

Amino Technologies – updates on trading “at record levels”, so why are the shares currently down?

Shares in provider of digital TV and cloud products and services to network operators, Amino Technologies (AMO) have recovered strongly from an October 2015 profit warning, to recently above 200p. However, they are currently sliding back below this level on the back of a “Trading Update” announcement…

Echo Energy – Insane valuation; James Parsons is not worth £100m, he’s not a magician: SELL

My last piece rather naively thought that Echo Energy’s (ECHO) new institutional equity investor, Spartan Fund, or Pegasus Fund as it became, would want to put its funds in at a fair valuation and thought the share price would go down. I was wrong and must assume that it is all part of the connected group of institutions and individuals here that have led to an insane valuation that appears to indicate that the mere mention of James Parsons is worth £100 million. That is nonsense and this is a massive sell.

POS
POS

Plexus Holdings – another warning as conditions remain “challenging”

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

SAL
SAL

SpaceandPeople – shares soar on the positive guidance of a trading update

Shares in promotional space manager and services provider SpaceandPeople (SAL) are currently 45% higher today, at 37p, on the back of a “Trading Update” announcement…

ECK
ECK

Eckoh – “comfortably in line with market expectations”... but what about September’s profit warning?

“Eckoh plc (ECK), the global provider of secure payment products and customer contact solutions, today issues a trading update for the year ended 31 March 2017. The board of the company confirms that trading for the year ended 31 March 2017 was comfortably in line with market expectations”. Hmmm, what about the September announcement that “it is expected that the company's pre-tax profits for the year to 31 March 2017 will be below market expectations and is expected to be in line with the performance last year” though?...

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