Keyword results: shares avoid

Best of the Best – interims, profit warning AGAIN!

Online prize competitions company Best of the Best (BOTB) has announced results for its half-year ended 31st October 2021 including “in line with market expectations as updated in August 2021”. However, I previously noted that “updated” was actually a massive profit warning, concluding with the shares around the mid 600p’s I want to see some evidence of the earnings “uptick” potential before reconsidering from the watchlist. The shares last closed at 606p but are currently below 450p, so what’s going on with the apparently “in line” results?…

DIS
DIS

Distil – trading slump for ‘longer-term more premium positioning’, Or is it?...

RedLeg Spiced Rum, Blackwoods Gin and Vodka, TRØVE Botanical Vodka and Blavod Black Vodka drinks company Distil (DIS) has announced “a longer-term beneficial move to more premium positioning for our key brands” and “we have also progressed our new Malt Scotch and anticipate formally launching the product in the coming months… we remain excited about the Ardgowan investment”. Why then a current share price response to 1.65p, approaching 11% lower?…

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?…

Accrol – hopefully prior warnings here were heeded as now a further profit warning and a “strategic review”

Previously writing on “the UK’s leading independent tissue converter” Accrol (ACRL) in October with the shares falling below 40p, I concluded that the group argues the latest are “short-term external challenges”, but also raw material supply chains “further tightening in recent weeks”. As such, hopefully the prior warning was heeded and the stance remains avoid. Today a further trading update and the shares… further down to 25p. So what’s the latest?…

Microsaic Systems – “trading update”. Forgot the loss and cash burn?

A trading update from mass spectrometry equipment company Microsaic Systems (MSYS) commences that “revenues for FY21 have significantly exceeded those of FY20, recovering to a level slightly ahead of that in FY19, a pre-pandemic benchmark” and includes CEO Glenn Tracey “absolutely delighted”. So what of a current share price response down to around 0.19p?…

CHH
CHH

Churchill China – profit & it expected to show “substantial growth” this year. But enough?...

Ceramic products for hospitality company Churchill China (CHH) has made a trading update including that it has exceeded earlier revenue estimates and “cash and deposit levels have increased from the half year position… we believe that profitability in 2022 will show further substantial growth on 2021’s outfall”. So what of a share price currently slightly lower to 1750p?…

TWD
TWD

Trackwise Designs – fundraising update, further shame...

Trackwise Designs (TWD) has announced it has received valid applications for 3,065,069 open offer shares, including 2,648,010 under an excess application facility, with CEO Philip Johnston stating “we appreciate and recognise the continuing support shown by existing investors and welcome new shareholders to Trackwise. This open offer has allowed those shareholders not participating in the earlier placing and subscription to continue to invest in Trackwise and we are delighted with the interest shown”. However…

CNC
CNC

Concurrent Technologies – expects “slightly ahead of market expectations”, but what does that mean financially?...

Describing itself as “a world leading specialist in high-end embedded computer products for critical applications” Concurrent Technologies (CNC) for 2021 “expects to report revenues and profitability slightly ahead of market expectations” and notes “a robust order book and an exciting pipeline of innovative product releases to grow our customer base and revenues in 2022 and beyond”. Sounds good, but what does it mean financially?…

Tasty plc – trading update, how optimistic to be about trading?

A trading update from ‘Wildwood’ and ‘dim t’ casual dining restaurants company Tasty (TAST) concludes that “it is confident in its brands and optimistic about the trading potential of the group, especially with the strong revenue stream provided by takeaway and delivery services”. So what of a current slightly increased 5.25p share price and down from 7.5p as recently as September?…

PXS
PXS

Provexis – interims on a ‘no-one-watching’ day, I wonder why?...

‘Functional food ingredient’ company Provexis (PXS) has on this ‘no-one-watching’ day announced results for its half-year ended 30th September 2021, including emphasising future orders “potentially at a multiple of current total sales values”. What is that potential and what are the current total sales values?

MySale Group – no-one-watching-week “Directorate Change”...

This no-one-watching-week, with the attention of most following Christmas onto the new year, brings from MySale Group (MYSL) a “Directorate Change”. Now why don’t I think this is going to be good news!…

Windar Photonics – “second volume order”… but what about the financial situation?

LiDAR wind sensor technology company Windar Photonics (WPHO“is pleased to announce that it has received a second volume order under the company’s global distribution agreement with Vestas Wind Systems A/S”. So what of a current more than 4% share price rise to 18p?…

Seraphine – “CFO Appointment” announcement, what about the existing one then?...

CFO Appointment”-titled announcement from maternity and nursing wear group Seraphine (BUMP), stating it “is pleased to announce the appointment of Lee Williams as Chief Financial Officer… He will join the company in the first half of 2022”. So why’s it pleased and, having listed in July, is there not already a CFO?…

Tungsten Corp – after emphasising possible offer interest just last week, another falls away...

On 14th December electronic invoicing and purchase order transactions network company Tungsten Corporation (TUNG) confirmed 40p per share possible offer interest from Kofax, Inc. and noted discussions also with Jaggaer, LLC and Accel-KKR, noting it “believes that 40 pence per share significantly undervalues the company”. The shares reached 44p, but today a “Statement regarding Accel-KKR” – and the shares currently back to around 40p.

FA
FA

FireAngel Safety Technology – “remains on target to meet market expectations”, But...

Home safety products group FireAngel (FA.) has made an update commencing that “it remains on target to meet market expectations” and including that “recently, the company notes that it has seen a slight improvement in component availability which is encouraging for 1H 2022”. So what of a share price, at 13.5p, which remains depressed even compared to earlier this year?…

TWD
TWD

Trackwise Designs – “pleased to announce”… a massively discounted placing AGAIN!

Provider of specialist products using printed circuit technology Trackwise Designs (TWD“is pleased to announce that it has conditionally raised gross proceeds of £6.0 million… Oversubscribed… This fundraise will enable the delivery of a step change in our IHT commercial proposition”. An oversubscribed growth fundraise… so a good price then relative to a last closing 145p share price?…

Cohort – I having previously cautioned on its outlook, profit warning...

Previously writing on technology company to defence and related markets Cohort (CHRT), in September with the shares lower to 568p I concluded including also noted is that some delays have persisted – with the company noting some extended negotiations, restrictions impact and supply chain challenges… at this juncture, just on the watchlist. The shares last closed at 600p, but are currently lower towards 500p on the back of half-year results. So what’s the story now?…

PREMIUM CONTENT

I like Ocado delivery but I am keeping on avoiding the shares

Once a month or so we do have a household food delivery from Ocado (OCDO) and, as observed back in September, I am a bit of a fan. Helped by its M&S (MKS) link, the quality is a little better in my opinion than our normal delivery faves Morrison and J Sainsbury (SBRY) but the cost is somewhat higher. Still, it is better than going to a rip-off restaurant and – let’s face it – cooking your own food is hardly impossible. However good luck if you fancy a few Christmas specials from the Ocado delivery range because when I last looked the next deliveries are in 2022. Today’s Q4 trading statement was hardly shabby either as it observed ‘strong underlying demand trend…conviction to invest and accelerate growth’, even before the Christmas demand.

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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?…

Byotrol – interims, “pleased to announce”…“below management expectations”?!

Infection prevention and control products company Byotrol (BYOT) states that it “is pleased to announce” results for its half-year ended 30th September 2021. I previously concluded in April with the shares at 7p to avoid, they last closed at 5p…and are currently further lower at 4.275p. So what’s going on with trading?…

Pebble Group – “at least in line with market expectations”… but what about the net cash generation?

Provider of technology, services and products to the promotional products industry, Pebble Group (PEBB“is pleased to announce that the group’s results for the year ending 31 December 2021 are expected to be at least in line with market expectations… has a focused strategy to invest in scaling… recurring revenues, alongside the continued attraction and retention of major contracts”. So why are the shares, at 147.5p, down from when I previously wrote?…

FAB
FAB

Fusion Antibodies – interims, really “a strong all-round performance” and outlook confidence?

Antibody contract research organisation Fusion Antibodies (FAB) has announced results for its half-year ended 30th September 2021 emphasising “20% underlying growth in revenues over H1 FY2021… and in particular the two major contracts which were secured which, taken together with the remaining pipeline of projects with other customers, give the board confidence that revenues for the full year will be in line with current expectations”. However, what is the financial impact of the revenue and what are the full year expectations?…

Tungsten Corp – argues Amazon Business “partnership agreement” ‘delight’… so a significant impact on expectations? Er...

Describing itself as “a leading provider of digital financial management and software solutions”, Tungsten Corp (TUNG) is “delighted” to be “selected by Amazon Business to support its global e-invoicing program in Europe and the U.S.”. So what’s the detail and what’s this worth then?…

VLG
VLG

Venture Life – “many reasons to be optimistic” and “pleased with how the company is positioned”. Really?...

Describing itself as “a leader in developing, manufacturing and commercialising products for the self-care market”, a “Trading Update & Board Changes” announcement from Venture Life Group (VLG) includes “the directors see many reasons to be optimistic and are pleased with how the company is positioned… The company is profitable, cash generative, with a healthy cash balance… order book ahead of where it was at the same time last year (on a like for like basis)”. So why then are the shares, at circa 35p, 27% lower on the back of it?…

GHH
GHH

Gooch & Housego – full-year results, argues “very optimistic”. What of the shares?...

Photonic components and systems manufacturer Gooch & Housego (GHH) has announced results for its year ended 30th September 2021 emphasising “delighted with the trading performance of the group in the year… looking forward, the board is very optimistic”. What though of the shares, currently slightly up from a last close 1120p but down from I previously writing?…

ALT
ALT

Altitude Group – argues “expects continued profitability”. Hmmm, And what about balance sheet liquidity?...

Previously writing on personalised products marketplace group Altitude (ALT), last week I reviewed ‘right to remain wary’ including noting I’d review again on half-year results. The group today “is pleased to announce its unaudited interim results for the six months to 30 September 2021”. How ‘pleasing’ are they?…

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…

Cake Box Holdings – CEO shares sale, including “in response to investor demand” you say?...

Earlier this month-announced half-year results from egg-free cakes retailer Cake Box Holdings (CBOX) included CEO Sukh Chamdal stating “I’m delighted to report another strong performance… it’s clear that our unique customer proposition remains highly attractive… we look ahead with confidence”. Now a shares transaction from Sukh Chamdal. Good news?…

DX
DX

DX Group – audit delay uncertainty, shares set for suspension…but not yet. Just another day on ‘the world’s most successful growth market’!

From logistics group DX (DX.) today an “Update on Publication of Annual Report and AGM”-titled announcement, which sounds mundane… but the shares are currently at 18.5p, approaching 40% lower! So what’s going on?…

Windar Photonics – emphasises “volume order”… but “global market presence” or balance sheet concern?

LiDAR wind sensor technology company Windar Photonics (WPHO) is “very pleased to report that our efforts over the last couple of years, in partnership with Vestas, are now starting to generate substantial orders”. How substantial and what of a current 13% increased, approaching 20p, share price?…

TGP
TGP

Tekmar – ‘contract award’… but how significant and how’s the financial position?

Offshore energy markets technology and services provider Tekmar Group (TGP“is pleased to announce a contract award from Global Offshore to supply Cable Protection Systems for the Arcadis Ost 1 offshore wind farm in Germany”. So what’s the detail and what of the shares, which have currently responded higher to 53p?…

ALT
ALT

Altitude Group – further board change and “trading update”. Still right to remain wary?...

Personalised products marketplace group Altitude (ALT) has announced a Chairman director change with that it “is pleased to report that it has made good progress” and “is trading positively”. What then of a current approaching 4% higher share price to 28p?…

DIA
DIA

Dialight – “expectations for the year remain unchanged”. Do they?...

Previously writing on the company which describes itself as “the global leader in LED lighting for heavy industrial applications” Dialight (DIA), in August with the shares up to 332p I concluded I’ll continue to monitor the company’s recovery potential but, with also continuing “impact of component shortages, extended lead times and logistical challenges”, I continued to avoid. Today a trading statement which commences “The group has traded well in the period, quoting activity has significantly increased with a greater number of capex projects. Order intake year to date was up 34%, driven by a strong performance in the Lighting segment”, so why are the shares currently slightly further lower to 325p?…

Frontier Developments – “well-established titles… continue to perform well”, BUT...

Videogames developer and publisher Frontier Developments (FDEV) has made a trading update commencing that its well-established titles, including Jurassic World EvolutionPlanet Zoo and Planet Coaster, continue to perform well. So why are the shares currently 35% lower on the back of it, towards 1600p?…

CyanConnode – now follows loss-making results with another RNS Reach announcement. Why?...

Describing itself as “a world leader in Narrowband Radio Frequency Smart Mesh Networks”, CyanConnode (CYAN) has made an “Inauguration of IoT Innovation Centre in India”-titled announcement and the shares are currently a further circa 9% higher at around 28p. What of the news and the valuation?…

EYE
EYE

Eagle Eye Solutions – “comfortably ahead of management expectations”… but what does that mean financially?...

Marketing technology group Eagle Eye Solutions (EYE) has announced “revenue growth of 35% in Q1 versus the prior year, an increase from the Q4 FY21 growth of 27%. As a result, the board now expects adjusted EBITDA for the full year ending 30 June 2022 to be comfortably ahead of management expectations”… and the shares have currently responded circa 5% higher towards 600p. How does the valuation look?…

RBG
RBG

Revolution Bars – full-year results, Christmas activity to continue to be slower than normally expected?

UK operator of 67 bars, Revolution Bars Group (RBG) has announced results for its year ended 3rd July 2021 and that it, “continuing from the positive like-for-like growth before the pandemic… are excited to have seen LFL growth in FY22 since 19 July, when restrictions fully relaxed in England, at 14% versus the comparable period of FY20, the last normal period of trade”. So why are the shares currently more than 6% lower at around 25p?…

G4M
G4M

Gear4music – from “confident” of full-year in-line with expectations to profit warning… in less than 5 weeks!

Previously writing on online musical instruments and music equipment retailer Gear4music (G4M), in June with the shares at 960p I concluded on the watchlist whilst I continue to see how the unwinding from government restrictions plays out. The shares last closed at 800p, but are currently down at around 700p on the back of results for the company’s half-year ended 30th September 2021. However, with it having updated on trading only last month, what’s going on?…

VLX
VLX

Volex – interims, emphasises “strong trading” but how strong is it really?...

Power products manufacturer Volex (VLX) has announced results for its half-year ended 3rd October 2021, emphasising “strong trading and strategic progress with investment in growth”. So why have the shares currently responded towards 400p, more than 9% lower?…

ANG
ANG

Angling Direct – cyber attack response progress, any detrimental impact on underlying trading?

Fishing retailer Angling Direct (ANG) has announced that, following a cyber attack, it now has “regained control of its websites and social media channels… is confident it has now eradicated any threat from its systems”. So what of the shares, currently just above 60p?…

PCI-PAL – how “excellent” the start to its current year?...

Previously writing on payment software for business communications company PCI-PAL (PCIP), in September with the shares at 76p I noted announcement of patent lawsuits filed against it, to “defend itself robustly” but that the valuation looked to demand, at least, smooth delivery and that I continued to avoid. So what following patent case and trading updates, and the shares currently further lower below 70p?…

GYG
GYG

GYG – trading update, how confident of avoiding a cash crunch?

Previously writing on yacht painting, supply and maintenance company GYG plc (GYG), last year with the shares at 81p I concluded the valuation saw me still only monitoring for trading improvement and still avoiding. What then now following a trading update today – and the shares further lower towards 50p?…

ANG
ANG

Angling Direct – ‘unauthorised cyber activity, no detrimental impact on underlying trading’. Really?

Fishing retailer Angling Direct (ANG) has notified of a “cyber security incident”, though emphasising that it currently “does not anticipate that this incident will have a detrimental impact on underlying trading” and that it “does not hold any customer financial data as our website transactions are handled by third parties”. So what of a current 3.6% share price fall to 66.5p?…

TGP
TGP

Tekmar – emphasises a successful systems delivery…but what about the financial position?

Tekmar (TGP“is pleased to announce it has successfully delivered the final batch of Cable Protection Systems for Ørsted’s Hornsea Two Offshore Wind Farm”, and the shares have currently responded approaching 6% higher to 45p. So how does the valuation stack up now?…

FUL
FUL

Fulham Shore – “continue to trade strongly”. Sufficiently for the valuation?

Previously writing on Franco Manca and The Real Greek restaurants company Fulham Shore (FUL), in September with the shares at 18.75p I noted I’d continue to monitor the cash generation it delivers but at that point avoid. So what of a trading update today?…

SWG
SWG

Shearwater – “demand… has remained high across the group”. Has it?...

Cybersecurity group Shearwater (SWG) states that it “is pleased to provide an update on trading”. So why are the shares currently more than 7% lower towards 130p?…

OTB
OTB

On the Beach Group – “continues to thrive” or trading so “suppressed” it doesn’t want to detail it?...

Previously writing on online beach holiday retailer On the Beach Group (OTB), in July with the shares at 325.5p I was cautious with already the travel market impact duration and disruption having been more than imaginable. The shares last closed at 337.5p but are currently back below the noted July level. Why, with a full-year trading update including recent “stimulated bookings… confidence that there is pent up demand for travel, and positions the business well as we enter 2022… On the Beach continues to thrive”?…

IGR
IGR

IG Design – argues “ongoing” strategy success, though earnings “significantly below current market expectations”!

A trading update announcement from ‘celebrations, craft, gifting, stationery and creative play products’ group IG Design (IGR) commences that it “has delivered a good revenue performance in the first half of the financial year with like-for-like revenue up 11% on the prior year, and up 5% on proforma revenues (including CSS prior to ownership) for the six months to 30 September 2019”. So why are the shares, currently at around 300p, more than 30% lower in response?…

SmartSpace Software – from “confident” to “lower growth assumptions”… in just over 2 months!

Previously writing on space booking and management technology company SmartSpace Software (SMRT), in August with the shares at 150p I concluded with even the forecasts versus the reported actual delivery I continued to avoid. The shares last closed at 95.5p and are currently circa 80p on the back of a trading update…

TGP
TGP

Tekmar – trading update, my previously stated concerns valid?...

Previously writing on Tekmar Group (TGP), which describes itself as “a leading provider of technology and services for the global offshore energy markets”in December with the shares towards 80p I argued a number of things particularly concerned and saw me avoid. The shares last closed at 48.25p and are currently heading towards 40p on the back of a “trading update”

Accrol – I having warned in May re. inflation impact, a profit warning...

In May I concluded with shares in “the UK’s leading independent tissue converter” Accrol (ACRL) lower at 54p to avoid as inflationary pressures could persist for some time given the wide pandemic response. The shares last closed at 44.95p and are currently below 40p on the back of a trading update…

OMG
OMG

Oxford Metrics – full-year to be “stronger than expected”, but what about next year?...

Motion measurement and infrastructure asset management analytics software company Oxford Metrics (OMG) has announced year ended 30th September 2021 “stronger than expected outturns”. Why are the shares, at 112p, only slightly higher in response?…

IXI
IXI

IXICO – emphasises “ahead of market expectations”, but what does that mean financially and what’s to come?...

Biopharmaceutical data analytics company IXICO (IXI) has made a trading update including that year ended 30th September 2021 EBITDA is “expected to be materially ahead of market expectations of £1.2 million and prior year (2020: £1.3 million)”. Why then is the share price little changed at circa 84.5p?…

DIS
DIS

Distil – “pleased to announce” interims, so why are the shares more than 12% lower?...

RedLeg Spiced Rum, Blackwoods Gin and Vodka, TRØVE Botanical Vodka and Blavod Black Vodka drinks company Distil (DIS) states that it “is pleased to announce” its results for its half-year ended 30th September 2021. So why have the shares currently responded more than 12% lower to 1.80p?…

Directa Plus – ‘additional funds to accelerate strategic programme’, but what’s already in the price?...

Previously writing on graphene nanoplatelets-based products company Directa Plus (DCTA), in June I concluded with the shares at 121.5p, having expressed cash burn concern, I continued to avoid. Today an “Additional Italian Government Covid Recovery Loan” announcement.

MNO
MNO

Maestrano – results ‘reflecting success of move to international markets’? Er...

Maestrano (MNO) has announced results for its year ended 30th June 2021 and that it is “confident of continuing our current growth trend in FY22”. So why have the shares responded more than 5% further lower to 13.5p?…

IGP
IGP

Intercede – argues “further good progress”, but how good considering the valuation?

Previously writing on “digital identity, credential management and secure mobility” cybersecurity group Intercede (IGP), in July with the shares at 115p I questioned “Connect Partner Programme & Q1 Contract Wins” share price rise justified?. The shares last closed at 91.5p and are currently further lower at 87.5p on the back of a trading update.

CyanConnode – half-year trading update, is “pleased to provide” justified?

Describing itself as “a world leader in Narrowband Radio Frequency Smart Mesh Networks”, CyanConnode (CYAN) states it “is pleased to provide a trading update for the six months ended 30 September 2021”. The shares have currently responded up towards 13p, but are still down from the more than 16p reached last month.

SRT
SRT

SRT Marine Systems – trading update, jam tomorrow to start being delivered?

Previously writing on maritime surveillance and management systems company SRT Marine (SRT), in November with the shares below 40p I concluded I await the current ‘jam tomorrow’ to start being delivered before reconsidering from avoid. The shares last closed at 37.5p and are currently slightly higher on the back of a half-year trading update.

HDD
HDD

Hardide – argues pleased with trading improvement, but it’s a revenue miss...

Previously writing on engineering components coatings company Hardide (HDD), last month on the shares rising to 37.5p I questioned argues contract award ‘delight’, but is the share price rise justified?. The shares last closed at 31p but are currently up to 35p on the back of a “pleased to provide” year-end trading update.

NET
NET

Netcall – results emphasising “growth opportunities”, but are they to be sufficient?...

Year ended 30th June 2021 results from automation and customer engagement software company Netcall (NET) emphasise “growing cloud business is delivering enhanced profitability and revenue visibility which, combined with our product innovation, produces new growth opportunities”. The shares though closed last month at 88p, yesterday at 85.5p and are currently heading towards 80p. What’s the value situation?…

XAR
XAR

Xaar – “pleased to announce” accelerated sale of Xaar 3D. How pleasing really is it?...

Previously writing on inkjet printing technology company Xaar (XAR), last month despite the shares down towards 200p I remained cautious. Today it “is pleased to announce that it has conditionally agreed terms… to accelerate the sale of Xaar’s interest in Xaar 3D”. So why are the shares further lower, heading towards 150p?…

LPA
LPA

LPA Group – “Year End Trading Update”… so why at 11:53am?...

Previously on LED lighting, electronic and electro-mechanical systems group LPA (LPA), I wrote trading warning, argues “victims of our own success”. Really? in March with the shares at 75.5p. They were still above 70p this morning, but at 11:53am a “Year End Trading Update”-titled announcement. If a scheduled such trading update why the intra-day release?…

FLX
FLX

Falanx – new launch announcement, share price rise justified?

Falanx Group (FLX“is pleased to announce the launch of its new cyber security assessment tool, Falanx: Cyber Exposure Level (“f:CEL”)” – and the shares are currently 1.225p, approaching 17% higher. Is a market cap of now £6.4 million justified?…

Microsaic Systems – reckons “thrilled to report… transformational performance”, so why further share price decline?...

The CEO of Microsaic Systems (MSYS) Glenn Tracey is “thrilled to report this transformational performance for the first half of 2021”. The shares have responded to the half-year results announcement to currently 0.22p, more than 12% lower! So what’s going on?…

Ethernity Networks – following recent RNS Reach, discounted fundraise (natch!)...

Just over a week ago Ethernity Networks (ENET), describing itself as “a leading supplier of data processing offload solutions on programmable FPGA (field programmable gate array) hardware for accelerating telco/cloud networks”, was “pleased to report” that its ‘UEP-20’ product “passed the field trials, with bonding successfully performed on a variety of products from multiple vendors, indicating the ability of the solution’s interoperability and flexibility”. The announcement was though an RNS Reach i.e. “non-regulatory”, and I’ve stated the question to ask on such announcements to be ‘Is there a financial reason for such an announcement to now be made?’. Today a placing and subscription…

SBI
SBI

SourceBio International – “changes to travel PCR testing are expected to impact”. Uh oh...

Its shares having commenced last week at 166.5p and slipped to a last close 162.5p, today from SourceBio International (SBI) a “Statement re Changes to COVID-19 Travel Testing”…and the shares currently at 137.5p.

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.

CMH
CMH

Chamberlin – trading update ‘encouragement’? Er...

Previously writing on castings and engineering company Chamberlin (CMH), in December I noted main businesses weren’t performing solidly… & certainly aren’t to be now!. Today though a trading update including “encouraging start to current financial year; leading to expectation of stronger levels of sales growth and return to profitability in second half of year”. Turnaround potential?…

PCI-PAL – notes announcement of patent lawsuits filed against it, to “defend itself robustly” But...

Payment software for business communications company PCI-PAL (PCIP) has noted a patent infringements lawsuits press release from competitor Semafone and that its directors “believe that the Semafone claims have no basis… PCI Pal will defend itself robustly against all allegations of patent infringement”. The shares, at 76p, are still though currently more than 14% lower.

HRN
HRN

Hornby – sales and margins “in line with internal budgets”, so why are the shares lower?...

Having fallen below 30p as covid emerged, shares in models and collectibles company Hornby last closed at 44.5p. However, a trading statement today currently sees them back towards 40p. What’s the trading story?…

CCT
CCT

Character Group – “a buoyant impact on sales”, BUT...

Designer, developer and international distributor of toys, games and giftware Character Group (CCT) commences a trading update today with that, “The re-opening of the bricks and mortar retail sector following the easing and, subsequently, the lifting of COVID-19 restrictions in many of our markets has had a buoyant impact on sales generally”. So why are the shares currently, at 572.5p, more than 17% lower?…

FUL
FUL

Fulham Shore – how impressive is its “accelerating momentum and continued expansion”?...

Franco Manca and The Real Greek restaurants company Fulham Shore (FUL) has made a trading update emphasising “accelerating momentum and continued expansion”. What is this latest momentum and expansion and what does it mean financially?…

Ten Lifestyle Group – trading update, is it ‘well positioned’ for anticipated travel & leisure pick up?

Ten Lifestyle Group (TENG“is pleased to announce a trading update ahead of its preliminary results for the year ended 31 August 2021”, with the announcement including that recent activity across many of its core service categories and supplier revenue has recovered to levels above the same period in 2019. The shares are though slightly down to 105p, and comparing to end-2019 134p, so is there value?…

ALT
ALT

Altitude Group – full-year results (at 10:36am!), was I right to remain wary?...

Previously writing on self-styled “operator of a leading marketplace for the global promotional products industry” Altitude Group (ALT), in July I concluded I remain wary, including looking forward to the next balance sheet – it states it is “well positioned to benefit from continued market recovery”, but how are the receivables and liabilities? With a market cap of £29 million, I certainly currently continue to avoid. What of full-year results today then?…

Pelatro – “full confidence in meeting its revenue target”… but what is that & what does it mean financially?

Self-styled “precision marketing software” company Pelatro (PTRO) states it “is pleased to announce a trading update ahead of the release of the interim results for the six months ended 30 June 2021”. Hmmm – more than 2 months for even a half-year trading update? At least it includes “full confidence in meeting its revenue target for the year”…though what is that and what does it mean financially overall?…

ARC
ARC

Arcontech – argues “confident we will return to growth”, why a lack of confidence in the share price response?...

Financial markets technology and related services group Arcontech (ARC) states it “is pleased to announce its final audited results for the year ended 30 June 2021” and that “as the market comes out of this difficult period we are confident we will return to growth”. So why are the shares, at 140.5p, currently more than 15% lower on the announcement?…

PEN
PEN

Pennant International – a “satisfactory” first half?, why the further share price decline?...

Previously writing on provider of technology-based training and support to the defence and regulated civilian sectors Pennant International (PEN), in April I reviewed why “pleased to report” full-year results saw the shares approaching 14% lower at 38p and concluded continue to avoid. Today a stated “satisfactory” half-year and “anticipates that its financial performance will improve significantly in the second half… trading remains in line with market expectations for the year as a whole”, so why are the shares currently a further more than 12% lower on the day to below 30p?…

PTY
PTY

Parity Group – intra-day “Trading Update”. Uh oh...

“Trading Update” announcement from Parity Group (PTY) at an intra-day 10:40am. Such is rarely good news and so what about the latest from this self-styled “data and technology-focussed professional services company”?…

Tracsis – argues “strong”, and anticipates further, recovery. Why are the shares lower?...

Tracsis (TRCS) states that it is “pleased to provide” a trading update for its year ended 31st July 2021, and it includes “a strong end of year recovery” and “anticipate further recovery in activity levels through Q1 of FY 21/22, supported by the recently announced Government-backed insurance scheme for the live events sector”. So why are the shares currently slightly lower in response, at 1020p?…

Jaywing – full-year results, how ‘pleasing’ “an increase in underlying earnings”?...

Previously writing on data science-specialising marketing and consulting company Jaywing (JWNG), last month with the shares at 10.5p I suggested previous results didn’t provide confidence of secure foundations being in place and ahead of updated financials news I avoided. What then now of results for its year ended 31st March 2021, with the shares currently at 12.75p?…

Filta Group – “revenues have continued to rise”… but what about the bottom-line & the shares?

Previously writing on provider of fryer management and other services to commercial kitchens, Filta Group (FLTA), in June with the shares at 169p I noted the market cap had already recovered to more than £49 million and I continued to avoid. The shares last closed at 144p but are currently a few percent higher today on the back of a further trading update. Is this justified?…

H C Slingsby – interims, it was right to be cautious...

Previously writing on industrial and commercial equipment company H C Slingsby (SLNG), in May with the shares at 270p I concluded particularly the concerns on continuing demand and on costs in a “competitive” market (not a good combination!) see me at this juncture only have this on the watchlist – whilst also noting it as a further inflation warning. What of half-year results today?…

RBN
RBN

Robinson – interims, why are the shares back down again?...

Previously writing on manufacturer of plastic and paperboard packaging Robinson (RBN), in June I reviewed sales growth… so why significant share price decline? with the shares down at 112.5p. They last closed at 122.5p, but what now of half-year results which currently see the shares at…112.5p?

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?…

FUL
FUL

Fulham Shore – emphasises positive trading, but already in the valuation?

Franco Manca and The Real Greek restaurants company Fulham Shore (FUL) has announced results for its year ended 28th March 2021 and that subsequently it “has continued to trade profitably and ahead of management expectations”. Why then are the shares currently little changed at 16p?…

Immotion Group – “another record month”, is it of growth interest?

Self-styled “immersive entertainment company” Immotion Group (IMMO) has made a trading update including “July being yet another record month. Unaudited group revenue was £1m, with unaudited EBITDA at circa £200k” – and the shares have currently responded higher to above 6p. Are they of growth interest?…

BKS
BKS

Beeks Financial Cloud – “pleased to announce” a new launch & trading update, but what’s already in the price?...

Financial markets cloud computing and connectivity group Beeks Financial Cloud (BKS“is pleased to announce the launch of Proximity Cloud, the industry’s first private cloud environment for financial markets and to provide an update on trading for the year ended 30 June 2021”. The shares have though responded currently slightly lower to 122p, so what’s the outlook?…

FAB
FAB

Fusion Antibodies – results argue “significant progress”, so why more than 7% share price decline?...

Fusion Antibodies (FAB) has announced results for its year ended 31st March 2021 emphasising “significant progress with sustained revenue growth, progress on the R&D pipeline, and continue to expand our range of services”. So why are the shares, at 125p, currently more than 7% lower in response?…

SmartSpace Software – “confident growth will accelerate” but should it be?

Previously writing on space booking and management technology company SmartSpace Software (SMRT), in May with the shares at 142.5p I concluded with the market cap above £40 million, I’d continue to monitor for the trading “positive momentum” showing through financially but only on my watchlist. The shares have since been above 180p but are currently down to 150p on the back of a trading update. So what’s going on?

Tungsten Corp – full-year results, “clear opportunities”?...

Self-styled “a leading provider of digital financial management products and software solutions”, Tungsten Corp (TUNG) has announced results for its year ended 30th April 2021 including emphasising “adjusted EBITDA has increased from £2.7 million to £3.6 million” and “an increase in transaction volumes over the Network as we entered the new financial year, and it’s pleasing to see that our year to date transactions are up 10% versus the prior year”. Why then are the shares unchanged at 38p compared to above 40p as recently as last month and also a year ago?

Epwin – emphasises “strong trading”, but outlook?...

Previously writing on building products manufacturer Epwin Group (EPWN), in May with the shares at 107p I noted “indicators of consumer confidence strengthening”… but value here?. The shares last closed at 106.75p but are currently above 110p on the back of a half-year trading update. So what’s the latest?…

ITS
ITS

In The Style – results emphasise “continued to accelerate its growth”, but now?...

Self-styled “digital womenswear fashion brand with an innovative influencer collaboration model” In The Style (ITS) has announced results for its year ended 31st March 2021 “following the group’s successful Admission to the London Stock Exchange’s AIM on 15 March 2021”. The shares have currently responded slightly up to 226p, comparing to a 200p per share IPO but also approaching 250p in April.

Attraqt – “pleased to provide” trading update. It sure?...

Self-styled “a leading provider of online search, merchandising and personalization solutions for ecommerce” Attraqt Group (ATQT) states that it “is pleased to provide” a trading update covering the six month period to 30th June 2021. How pleasing is it?…

TPG
TPG

TP Group – ‘business review’ recovery?

Previously writing on Defence, Aerospace & Energy technology and services group TP (TPG), last month I reviewed why the shares were slumping from 5.65p as it argued “a resilient performance”. The shares are currently up more than 13% today, to 3.75p, on the back of an “Appointment of CEO and Maritime Sale Update” announcement. So what is the latest detail?…

EYE
EYE

Eagle Eye Solutions – CEO share purchase, but reassuring?

An early this week trading update from marketing technology group Eagle Eye Solutions (EYE) saw the shares closing at 540p. They have since retreated though and today a PDMR Shareholding” announcement. Confidence restored?…

LoopUp – I having previously concluded my doubts remain, “Trading Statement”...

Previously writing on cloud communications platform group LoopUp (LOOP), in March with the shares at 86.5p I noted that my doubts remain. Today it has made a half-year trading update including that “in Cloud Telephony, we have seen a material acceleration in new customer wins”…but the shares have currently responded further lower, closer to 50p. So what’s going on?…

Tristel – why are the shares down in response to ‘confident for strong growth’ update?...

‘Infection prevention products’ company Tristel (TSTL) has announced positive performance against expectations and confidence “for strong growth in the years ahead”. Why then are the shares, at 620p, currently more than 6% lower?…

DIS
DIS

Distil – argues a ‘delighted to announce agreement and partnership’, so why share price decline?...

Previously writing on drinks brands owner Distil (DIS), last week with the shares at 2.4p I concluded that the valuation looked high enough until some further sustained revenue and bottom-line impact is delivered. Today the company is “delighted to announce our agreement and partnership with Ardgowan which we see as a fantastic opportunity to add significant growth to the business in both the short and long term” and the shares have responded…further lower to 2.15p! Why?…

EYE
EYE

Eagle Eye Solutions – argues “good financial performance… Strong cash performance”. Er...

Self-styled “a leading SaaS technology company that creates digital connections enabling personalised, real-time marketing through coupons, loyalty, apps, subscriptions and gift services”, Eagle Eye Solutions (EYE) has made a trading update emphasising “a good financial performance… Strong cash performance, ahead of market expectations… With a growing customer base and record sales pipeline the board looks to the future with increased confidence”. What does it all mean financially though?…

IQG
IQG

IQGeo – how ‘pleasing’ is first-half trading update?...

Previously writing on geospatial software group IQGeo (IQG), in January with the shares rising above 100p I concluded, with what needed to even reach forecasts and the valuation already, I continued to avoid. What now following it “pleased to announce an update… following the close of the company’s first half ended 30 June 2021”?…

Jaywing – contract win, but share price fall?...

Data science-specialising marketing and consulting company Jaywing (JWNG“is pleased to announce that it has won a new contract with Skipton Building Society to act as its strategic and brand agency partner”. Why then are the shares currently 8.7% lower at 10.5p?…

IME
IME

Immedia – having been “incredibly excited” to be working towards reverse takeover, that now terminated & worse...

In January this year audio visual communications provider to organisations, Immedia Group (IMEannounced an equity raise for “a targeted buy and build strategy focusing on compatible businesses in the content creation/distribution and data analytics spaces” and in March it was “incredibly excited to be working with Sprift towards an RTO which we believe will be transformational for Immedia’s shareholders”. Today a “Termination of talks” announcement.

MCB
MCB

McBride – 'continues to discuss margin recovery actions with customers'. Good luck with that!...

Cleaning and hygiene products private label and contract manufacturer McBride (MCB) has made a trading update including “stronger demand for cleaners and dishwasher products in the second half” and “banking covenants on debt cover are expected to be approximately 1.4x, well within our covenant limit of 3.0x. The group continues to have material headroom against its revolving credit facility of €175m”. How does a share price of around 90p look – with it down from above 94p in April and above 135p in early 2019?…

Vianet – how “encouraging” is its first quarter performance?...

An AGM statement from ‘Internet of Things’ data group Vianet (VNET) includes that its “performance in the first three months of the financial year has been very encouraging, with profits higher than anticipated”. What does that mean financially?…

Solid State – emphasises “record profitability”, so why are the shares notably lower?...

Durable electronics company supplying commercial, industrial and military markets Solid State (SOLI) is “pleased to announce” results for its year ended 31st March 2021. The shares have though currently responded to 925p, 7.5% lower… so what’s the story?…

Photo-Me International – what does ‘a return to fundamentals more quickly than expected’ mean?...

Vending services company Photo-Me International (PHTM) has announced results for its half-year ended 30th April 2021, arguing “a return to our fundamentals more quickly than previously expected” and the shares have currently responded up to 73.6p. What’s the detail?…

essensys – fundraise ‘to accelerate growth strategy and product development’. Good news?

Self-styled “leading global provider of mission critical software-as-a-service platforms and on-demand cloud services to the flexible workspace industry” essensys (ESYS“is pleased to announce… an aggregate of 10,984,552 primary placing shares have been successfully placed by Singer Capital Markets Securities Limited and Berenberg at an offer price of 285 pence per placing share to raise gross proceeds for the company of approximately £31.3 million”. Good news?…

IKA
IKA

Ilika – fundraising it is “pleased to announce” understandably…but not for why it says so!

Self-styled “pioneer in solid-state battery technology” Ilika (IKA) is “pleased to announce” an up to £24.7 million equity fundraise… and the shares have currently responded to 165p, more than 17% lower. Hmmm…

ROO
ROO
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Deliveroo – is it going to give some sensible data in August or not?

Back in April I observed that Deliveroo (ROO) shares had not only had a shocking IPO but ‘there is not enough excitement for me to get involved’ HERE. Well if you bought the stock at the 390p IPO price then it remains an absolute shocker, but if you did so in the mid-April period then you have made a 30% gain. Well done if that is the case. The recent move includes a positive 4% share price move today, as it has published a second quarter trading statement which is ‘ahead of expectations’ with ‘growth guidance increased for the full year’. What excitement as gross transaction value (GTV) ‘has grown 76% year on year’.

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QTX
QTX

Quartix Technologies – trading “good”, but the valuation?...

Previously writing on vehicle tracking technologies company Quartix (QTX), in March with the shares at 476p I questioned is the progress ‘pleasing’?. What about now, with a half-year trading update?…

OTB
OTB

On the Beach Group – another placing, when is the international travel recovery?

Previously writing on online beach holiday retailer On the Beach Group (OTB), in November I cautioned despite another laudable update and last month Chris Bailey noted ‘Reality starting to happen On The Beach’. Today the group has announced “successful completion of… non-pre-emptive placing”

XSG
XSG

Xeros Technology – how ‘delightful’ is the ‘partnership’ news?...

Xeros Technology Group (XSG) is “delighted to be partnering with two domestic washing machine manufacturers” and the shares have responded slightly higher to 232.5p. So what’s the partnerships detail and valuation?…

CyanConnode – argues share incentive ‘restructuring’ “effective and simpler”. How about exorbitant and shameful?...

CyanConnode (CYAN) has announced that, “following a review of executive director rewards and incentives, the Remuneration Committee of the company determined that certain existing share options were no longer fit for purpose as an incentive and should be replaced in order to make incentive arrangements both effective and simpler”. So what are the “restructuring of Share incentive arrangements”?…

DeepVerge – 2020 results, attempted ‘no one watching o’clock’?

Previously writing on environmental and life science company DeepVerge (DVRG), in March with the shares at 32.5p I noted the balance sheet and concluded the businesses’ track record and an already more than £56 million market cap saw me continue to avoid. It has since raised £10 million of new equity at 30p per share and now announced full-year results (at a 5:28pm, hmmm!). So what now?…

ALT
ALT

Altitude Group – trading update, is it really “well positioned”?

Self-styled “operator of a leading marketplace for the global promotional products industry” Altitude Group (ALT“is pleased to report that the group continues to trade positively” – and the shares have currently responded back above 40p, 9% higher. However, what does its “positively” actually mean?…

Tasty plc – trading update, how strong the sales performance?

A trading update from ‘Wildwood’ and ‘dim t’ casual dining company Tasty (TAST) includes that “since the relaxation of indoor dining restrictions, the six-week period to 27 June 2021 as a comparison to 2019 has shown strong like-for-like growth” and “takeaway and delivery sales performed well during the most recent lockdown and throughout H1”. Sounds encouraging…

ESC
ESC

Escape Hunt – trading update, how “encouraging”?

Shares in “escape-the-room experiences” company Escape Hunt (ESC) remain ahead after my previous scepticism but are down today, further below 40p, despite a trading update including “revenue during the five-week period (to 20th June 2021) was 47 per cent. higher than in the same five-week period in 2019” and “estimated earnings before interest, tax, depreciation and amortisation at site level for the five weeks to 20 June 2021 was 310 per cent. of the site level EBITDA in the same five weeks in 2019”. So why the share price response?…

ALT
ALT

Altitude Group – argues “innovative and transformational growth plans”, but CFO just the latest “change”...

Previously writing on self-styled “operator of a leading marketplace for the global promotional products industry” Altitude Group (ALT), in April with the shares at 44p I concluded the valuation and track-record saw me continue to avoid. The shares closed previously at 38.5p and are currently further lower on a “Directorate Change” announcement…

GMS
GMS

Gulf Marine Services – open offer result sees shares further lower...

Previously writing on support vessels provider Gulf Marine Services (GMS), earlier this month with the shares at 3.25p I concluded hopefully my prior caution was heeded. As the attempted refinancing plays out, I currently continue to avoid. Today a “Result of Open Offer” announcement… and the shares currently further lower below 3p…

Directa Plus – “pleased… trading in line with market expectations”. What are those expectations though?...

Self-styled “a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets” Directa Plus (DCTA“is pleased to report that this strong revenue growth is continuing in the last two months of the current first half”. What does it mean financially?…

TWD
TWD
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Trackwise Designs – argues “pleased to announce”… but it’s current forecasts downgrades...

Previously writing on printed circuit technology products manufacturer Trackwise Designs (TWD), with the shares at 225p I concluded with the bottom-line delivery needed to reasonably justify the valuation and what I still consider fundraising shame, I currently continue to avoid. The shares last closed at 226p, but are currently below 200p on the back of updates including full-year results…

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Location Sciences – “successful fundraising and board changes”… so why the latest share price decline?

“Business Review update and proposed Board changes” announcement from Location Sciences Group (LSAI) includes “the successful fundraising and board changes… has given the company a huge opportunity to deliver value for shareholders”. So why are the shares currently at 0.575p, 15% lower, on the back of it?…

NMCN – refinancing for “working capital” & “to take advantage of the growth prospects”. ER...

Previously writing on UK engineering and construction company NMCN plc (NMCN), last week I concluded that I’d review again on the promised further refinancing announcement but for now continue to hope prior warnings were heeded and to avoid. The shares had since risen materially but are currently again falling on an update that “the company is pleased to announce it has entered into conditional agreements to recapitalise nmcn by way of a £24.0 million fundraising”…

Cake Box – announces “a data breach”… experienced in 2020!

“Statement re Share Price Movement”-titled announcement from cakes retailer Cake Box Holdings (CBOX). That share price movement has recently been downward – from above 330p early this month to a last close 288p. With this statement also at an intra-day 10:49am, I somehow don’t expect it to be good news!…

Filta Group – what does “continues to experience an increasing level of demand” mean financially?

Provider of fryer management and other services to commercial kitchens, Filta Group (FLTA“is pleased to report that it continues to experience an increasing level of demand for its services in all of its operating territories”. What does this operationally and financially mean?…

DSG
DSG

Dillistone – “signs of a return towards normality” in trading, share price fall justified?

An AGM statement from recruitment software and services group Dillistone (DSG) includes “we are pleased to see signs of a return towards normality in several of our key markets… cash balances of £0.95m at 31 May”. Is a current fall to a 22p share price, £4.3 million market capitalisation, justified?…

TPG
TPG

TP Group – argues “a resilient performance”, why are the shares slumping?...

Previously writing on Defence, Aerospace & Energy technology and services group TP (TPG), on October-announced interims with the shares just above 6p I concluded I’ll monitor the company’s development and its cash generation going forward, but at this valuation juncture only at best on the watchlist. The shares previously closed at 5.65p and are currently further lower on the back of full-year results. So what’s happening now?…

SNX
SNX

Synectics – trading update, customer activity & projects interest positives?

Previously writing on security and surveillance systems company Synectics (SNX), in April with the shares at 142.5p I concluded cautiously. What now of a trading update today, with the shares currently slightly further lower at 133.5p on the back of it?…

NMCN – refinancing discussions to address “working capital”. Really?...

UK engineering and construction company NMCN plc (NMCN“is very pleased to report that it is now in bilateral discussions, which are well advanced, with a party to conclude a refinancing to provide the appropriate capital structure to support the group”. So why have the shares currently responded to 147.5p, more than 10% lower?…

SPE
SPE

Sopheon – AGM Statement, are there “commercial and financial proof points”?

Previously writing on enterprise innovation management technology and services company Sopheon (SPE), in March with the shares down from 895p I concluded that the valuation saw me continue to avoid. Today an AGM update – and the shares currently 4.5% higher on the day at 925p. What’s the story now?…

GMS
GMS

Gulf Marine Services – as warned here, there’s a massively discounted equity raise...

Previously writing on support vessels provider Gulf Marine Services (GMS), with the shares above 7p in March I questioned it stating “as the numbers demonstrate… in a strong position”. Today a “pleased to announce… proposed capital raising” – and the shares currently at 3.25p…

PCI Pal – ‘positive trading momentum has continued’… but the valuation?...

Payments software for business communications company PCI Pal (PCIP“is pleased to announce that the positive trading momentum since the end of Q3 has continued” and that it is “to accelerate the repayment schedule of its outstanding debt of £1.7 million”. What of the shares, currently up on the update to 92.5p, but down from approaching 120p last month?…

Pebble Group – argues “business performing well”… but what’s already priced-in?...

Provider of technology, services and products to the global promotional products industry, Pebble Group (PEBB“is pleased to say that the positive start to the new financial year, which was reported in the group’s final results 2020 announced on 23 March 2021, has continued, with the business performing well and in line with management expectations”. What does that mean financially?…

CyanConnode – “thankful for the strong support shown”. I bet!...

Previously writing on self-styled “a world leader in narrowband radio frequency (RF) smart mesh networks” CyanConnode (CYAN), in April I questioned how ‘pleasing’ was a trading update. Today a “Placing and Subscription”…

Brickability – acquisition “a significant value-add”… so significant insiders selling?!

Construction materials distributor Brickability (BRCK“is pleased to announce the conditional acquisition of Taylor Maxwell”, emphasising this timber, bricks, cladding, masonry and other products supplier “marks a significant expansion in the range of solutions we can deliver for our growing client base and represents a significant value-add for our shareholders”. Though also “certain selling shareholders have also conditionally raised a further £38 million through the sale of 40,000,000 existing ordinary shares”. Hmmm…

Strix – “anticipate delivering revenue growth of circa 30%“ as impressive as it sounds?

An AGM statement from water temperature management components group Strix (KETL) emphasises that “we anticipate delivering revenue growth of circa 30% for the group during 2021 which also underpins our confidence in achieving our medium-term target to double the group’s revenues over the next five years”. What though does that mean financially and how’s current performance?…

Cohort – “good prospects for further significant new orders”... so why a falling share price?...

Defence and related markets products and services company Cohort (CHRT) has announced a trading update including “Net funds stronger than expected at c.£2m (30 April 2020: net debt of £4.7m; 31 October 2020: net debt of £6.1m)… order book of c.£240m (30 April 2020: £183.3m)… we see good prospects for further significant new orders”. Why then are the shares currently, at 636p, more than 5% lower in response?…

RBG
RBG

Revolution Bars – argued “successful fundraising” shows contempt for private investors

Previously writing on Revolution Bars Group (RBG), in March with the shares at 29p I was cautious with assumptions on government restrictions having proven dangerous and also the debt and prior challenges. Now the self-styled “leading UK operator of 66 premium bars, trading under the Revolution and Revolución de Cuba brands, is pleased to announce the results of its Bookbuild launched yesterday”. Hmmm…

Epwin – “indicators of consumer confidence strengthening”… but value here?

Self-styled “leading manufacturer of low maintenance building products, supplying the Repair, Maintenance and Improvement, new build and social housing sectors” Epwin (EPWN) is “pleased to report that trading in the year to date has continued to be strong… revenues for the first four months of the year… 9% ahead of 2019”. Why then are the shares still currently at 107p?…

Cloudcall – AGM trading update, just how deep the ‘V recovery’?

Cloudcall (CALL) CEO Simon Cleaver is “delighted to report that the deep-V recovery we saw in 2H 2020 has continued into 2021, with sales activity continuing to strengthen across all territories”. Why then a 73p share price, comparing to 115p reached earlier this year and approaching 200p in 2018?…

DIA
DIA

Dialight – trading update, how “encouraging” the start to the year?...

Self-styled “the global leader in sustainable LED lighting for industrial applications”, Dialight (DIA) has announced a trading statement emphasising AGM trading update – encouraging start to the year”. How encouraging?…

Directa Plus – 2020 results, what does ‘rapid growth potential’ mean financially?

Having exceeded 140p in February, shares in self-styled “a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets” Directa Plus (DCTA) last closed at 112.5p and are currently further lower on the back of 2020 results announcement. So what’s the detail?…

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Best of the Best – ‘in line with recently increased expectations’, so why the share price slide?

Online organiser of weekly competitions to win cars and other lifestyle prizes Best of the Best (BOTB“is pleased to provide” a trading update for its year ended 30th April 2021. Why then are the shares, at 2775p, currently more than 10% lower?…

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RAI
RAI

RA International – follows trading warning with… “Long Term Incentive Plan and Grant of Awards”!

Previously writing on remote site services provider RA International Group (RAI), in March I noted the shares more than 15% lower towards 40p on the back of a warning from Mozambique. The subsequent results statement included that “confidence needs to be tempered for the current financial year given the prevailing external conditions with the situation in Mozambique uncertain and, more generally, COVID-19”. And today… “Long Term Incentive Plan and Grant of Awards”!

XSG
XSG

Xeros Technology – commercial laundry launch, still jam tomorrow?

Xeros Technology (XSG) has announced the first deployment of its ‘XOrb’ and ‘XDrum’ technology platform in the commercial laundry market – this with the largest commercial washing machine manufacturer in China, Jiangsu SeaLion Machinery Co., Ltd. Exciting stuff?, Er…

Woof! Woof! Mirriad Advertising – 2020 results, “more work to be done” an understatement!

Mirriad Advertising (MIRI) Chairman John Pearson is, “despite the disrupting influence of the COVID-19 pandemic… delighted with the progress that has been made”. Why then on the back of the results statement are the shares currently, at 50.5p, more than 11% lower? Because the valuation for this cash guzzling dog is bonkers. That is why!

KMK
KMK

Kromek – argues cash “slightly ahead of market expectations”… but what does that mean?!

Detection technology group Kromek (KMK) has announced “significant sequential revenue growth in H2 over H1 2020/21 and expects to report revenue and EBITDA for the year ended 30 April 2021 in line with market expectations. The group continues to maintain tight cost control, improve collections and manage cash flow, and this conscientious management has resulted in the group’s cash position at 30 April 2021 being slightly ahead of market expectations”. Sounds good… but, with how creditable this performance is naturally dependent on the expectations, what are they?…

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?…

PYC
PYC

Physiomics – “signs of returning to normality”, so why the share price fall?...

Physiomics (PYC) has updated including “we already see that clinical trials and patient recruitment are showing signs of returning to normality” and “the company’s cash position remains strong, and it is estimated that on 30 June 2021 its net asset position will be c.£1.1m, the majority of which is cash”. Why then have the shares currently responded to 5.95p, more than 7% lower?…

QXT
QXT

Quixant – “order intake remains strong”… but what does that mean financially?

Shares in technology products principally for the gaming and broadcast industries company Quixant (QXT) are currently higher, above 150p, on the back of an update at its AGM including “order intake remains strong, providing us with further improved order coverage for our internal full year budget”. What does that mean financially though?

DSG
DSG

Dillistone Group – “net cash” & a new “highly competitive solution for the needs of recruiters globally”? Er...

Recruitment software and services group Dillistone (DSG) has announced results for 2020 and that “better than expected incoming orders in Q1 2021, improved operational leverage, a robust balance sheet and an enhanced product range gives the board optimism”. Why then are the shares currently, at 24p, approaching 8% lower in response?…

ITS
ITS
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In The Style Group – “trading update”, how lockdown-enhanced is the growth?

Writing on the AIM listing last month of group describing itself as “the fast-growing e-commerce womenswear fashion brand with an innovative influencer collaboration model”, In The Style (ITS) I noted, as the shares further rise following the 200p per share listing, how long are they likely to remain ‘in fashion’?. Today a “trading update”…

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PEN
PEN

Pennant International – 2020 results, “much-improved” second half?

Previously writing on provider of technology-based training and support to the defence and regulated civilian sectors, Pennant International (PEN), last year with the shares down to 36p I noted its cash flow is clearly currently unsustainable and it is profitable orders conversion which is key. The company has now announced calendar year 2020 results including emphasising “a much-improved performance in the second half of the year” and “year-end order book stood at £31 million… of which £14 million of revenue… is scheduled for recognition within one year”. Why are the shares, at 38p, approaching 14% lower in response?…

SNX
SNX

Synectics – “Business Update”, how’s the recovery potential?...

Previously writing on security and surveillance systems company Synectics (SNX), with the shares at 150p earlier this month I questioned recovery potential?. The shares are currently 142.5p on the back of a “Business Update”. How’s latest performance and the outlook?…

Staffline – argues “well positioned to take advantage of the increasing opportunities”. Really?...

A trading update from recruitment and training group Staffline (STAF) emphasises “underlying operating profit increased 133% in Q1 2021 year-on-year… provides increased confidence in the full year”. How justified is a share price rise to around 75p?…

TMO
TMO

Time Out Group – General Meeting approval for (as warned here) material dilution...

Previously writing on visitor-related media and marketplaces group and former Woodford pick Time Out (TMO) I noted it is (as warned here) material dilution ahoy again. There has now been “Results of General Meeting, Placing and Open Offer”…

Byotrol – trading update, 14% share price rise justified?

Infection and prevention control products company Byotrol (BYOT“is pleased to announce an update on trading” – and the shares have currently responded more than 14% higher to 7p. What’s the story?…

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?…

CHH
CHH

Churchill China – argues “well placed to build momentum”… but already priced-in?

Manufacturer of ceramic products Churchill China (CHH) has announced calendar year 2020 results including “revenues fell by 46% to £36.4m… Profit before exceptional items and tax £0.8m (2019: £11.2m)”. So why are the shares currently slightly further higher towards 1500p?…

MNO
MNO

Maestrano – “energised by the progress”. So why share price decline?...

Transport sector data management and analytics group Maestrano (MNO) has made a quarterly trading update including “we are energised by the progress with major USA opportunities and strategic partnerships… Cash balance and receivables at 31/03/21 was £2,294,898”. Why are the shares currently more than 8% lower at 16.5p in response?…

Pelatro – emphasises “secured several contracts”… but what’s their impact?

“Contract Wins”-titled announcement from Pelatro (PTRO) commences that “the telecom Customer Engagement Hub software specialist, is pleased to announce that it has secured several contracts for change requests”. The shares have responded up to 38.75p, so what’s the contracts detail?…

GRA
GRA

Grafenia – “trading and strategy update”. Er, what’s the net cash/debt position?!

“trading and strategy update” announcement from Grafenia (GRA) includes “revenue in March 2021 improved and was 80% of the same period last year. This April has started well… there’s lots of reason to believe our clients will reopen to increased demand… using our software platform to smooth the process” and “we made significant and permanent reductions to our overhead base during 2020, to reduce our breakeven point”. Why then are the shares currently little changed, at 5.625p, in response?…

600 Group – a business recovery share price rise?

Previously writing on industrial engineering company The 600 Group (SIXH), I reiterated prior caution from when the shares were around 15p at around 8p. They last closed at 8.75p but are currently up to 10.75p on the back of a trading update…

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…

Vianet Group – trading update, a strong financial position & exciting opportunities?

A full-year trading update from Vianet Group (VNET) includes that it is “very pleased to report that, notwithstanding this challenging business backdrop, trading for the period showed a slight improvement on our H1 financial performance” and “remains confident that Vianet will emerge from this global crisis in a strong financial position, enabling the group to take advantage of the exciting growth opportunities that lie ahead”. Why then are the shares down from recently above 100p to currently 98p?…

Quiz plc – trading update, is there “robust underlying demand”?...

Previously writing on “fashion brand, specialising in occasion wear and dressy casual wear” Quiz (QUIZ), in January I questioned it having funds to “support the business’s initiatives”. Today a trading update…

CNS
CNS

Corero Network Security – full-year results, how “encouraging” are the levels of business activity?...

Previously writing on cyber network security company Corero (CNS) I noted having warned on the balance sheet position, now “New borrowings facility”…, concluding the £68 million market capitalisation looked to demand clear evidence that the business can deliver materially profitable bottom-line performance from here. Today full-year 2020 results…

Pelatro – results emphasise transition to recurring revenues… but even those down!...

Previously writing on marketing software company Pelatro (PTRO), in November I wrote “excited with the progress achieved”. It sure?…. It is now “pleased to announce” its 2020 results…

Live Company Group – emphasises 2020 development, so why further share price decline?...

Live events and entertainment group Live Company (LVCG) has announced an update including “not only did we manage to survive this turbulent period… with many of our competitors ceasing trading… but we added an additional division to the company” (Sports and Entertainment). However, the shares have currently responded more than 7% further lower, to 5p, capitalising the company at £5.5 million…

ALT
ALT

Altitude Group – trading “in line with the board's expectations”, but what does that mean?...

Self-styled “operator of a leading marketplace for the global promotional products industry” Altitude Group (ALT) is “pleased to provide an update on trading for the financial year ended 31 March 2021” and the shares have currently responded more than 7% higher to 44p, but how ‘pleasing’ really is the update?…

CNS
CNS

Corero Network Security – I having warned on the balance sheet position, now “New borrowings facility”...

Previously writing on self-styled “a leading provider of real-time, high-performance, automatic Distributed Denial of Service cyber defense solutions” Corero Network Security (CNS), in January I questioned the overall balance sheet position. Today “New borrowings facility”…

CyanConnode – trading update, how ‘pleasing’ is it?...

CyanConnode (CYAN“is pleased to provide a trading update for the financial year ended 31 March 2021” and the shares have currently responded 16.5% higher to 7.75p, though still below the 8.3p when I previously wrote on them in February. So what’s the story now?…

BKS
BKS

Beeks Financial Cloud – placing “to accelerate the company's growth strategy”. Er...

Previously writing on financial markets cloud computing and connectivity group Beeks Financial Cloud (BKS), last month I noted a net cash outflow meaning a swing to a net debt position. Now a placing at 115p per share raising it £5 million “to accelerate the company’s growth strategy and capitalise on the significant market opportunity and solid sales pipeline”. Hmmm…

SAL
SAL

SpaceandPeople – “LandSec Contract Extension”, to recover quickly?

Manager of promotional and retail merchandising space SpaceandPeople (SAL“is delighted to announce that it has extended its commercialisation agreement with Land Securities Properties Limited for the provision of experiential activity and short-term retailing until 2026”. With the shares, at 10p, capitalising the company at £1.95 million, what’s the financial import?…

RDT
RDT
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Rosslyn Data Technologies – “Directorate Change”. Bring back the porno man?

For the Rosslyn Data Technologies (RDT)/porno man reference see HERE. Meanwhile, a “Directorate Change” announcement from the company today states that this “leading global big data technology company, today announces that Roger Bullen, CEO, is stepping down” but that “he leaves the group in a good position for the next stage of sales-led growth under Paul Watts”. Hmmm…

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HSV
HSV
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Markets open positively after Easter...but did HomeServe shares peak last year?

It is good to see the UK market opening up again after the Easter break, including a pleasantly positive move by Central Asia Metals (CAML) which I positively wrote up yesterday HERE. Otherwise I have been following Tom’s comments on the comedy Deliveroo (ROO) float. I note this morning’s update that ‘Deliveroo Holdings plc will announce its trading update for the First Quarter of 2021, on Thursday 15th April’ as finally a bit of sensible news from this one. Look forward to writing that up then…and finally giving a view about whether the nearly 30% share price fall since last week’s float has made it close to being at an interesting share price…or not! Elsewhere I also see that HomeServe (HSV) is out with an update…

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Ethernity Networks – “very pleased” production order news, But...

Ethernity Networks (ENET) is “very pleased” to have started receiving production orders for its Flow Processor FPGA systems-on-chip from American wireless broadband solution manufacturer Tarana Wireless Inc., and the shares have currently responded 10% higher to 33p. Justified?…

Thruvision Group – update includes “Profit Protection sub-sector performed strongly”, BUT...

Previously writing on self-styled “leading provider of “safe distance” people-screening technology to the international security market” Thruvision Group (THRU), in October with the shares rising to above 28p I concluded that whilst there should be some suitability to the current environment, the update also includes the company’s aviation sector “badly affected”. With also a more than £40 million market cap, I currently avoid. The shares last closed at 23.5p… and today a “Pre-Close Statement”…

DeepVerge – business update, a promising year ahead?

Self-styled “environmental and life science AI company” DeepVerge (DVRG) has made an update including “FY 2021 guidance remains at £10m with £3.6m already received in Modern Water orders in Q1… 2021 looks to be a promising year for DeepVerge with progress ramping up and particularly strong interest from China for our Microtox products, as well as our new Labskin offerings”. What does that mean though in relation to a current 32.5p share price?…

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LoopUp Group – 2020 results. Do my doubts remain?...

LoopUp Group (LOOP) is “pleased to announce” 2020 results, including emphasising revenue up 18% on the prior year to £50.2 million, EBITDA up 239% to £15.3 million and development “into a broader cloud platform for premium external and specialist communications”. So what of a current share price response 18.5% higher to 86.5p?…

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TMO
TMO

Time Out Group – interims, & it is (as warned here) material dilution ahoy again...

I noted on Time Out Group (TMO) last week a former Woodford pick with an intra-day ‘London Waterloo & funding update’. Uh oh…. Today results for its half-year ended 31st December 2020 and a proposed equity raise. Uh oh again?…

DSG
DSG

Dillistone – director share purchases, interesting developments... or not?

Recruitment software and services group Dillistone (DSG) has announced acquisitions of shares by directors of the company, with this following a previous update which included that “the board believes that the product enhancements delivered over recent months will put the business in a good position to enjoy long term growth as economies do rebound. As at 22 January 2021 the group had £1.5m in cash and at this point does not expect to need to raise additional funds”. Interesting developments?…

Directa Plus – patent grant, a step towards addressing a large global market?

Self-styled “a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets”, Directa Plus (DCTA) has announced it “has been granted an EU-wide patent covering the use of its G+® graphene in golf ball applications”. It emphasises this “the first step towards addressing a very large global market” and the shares have responded currently 4% higher to 106p, a £65 million market capitalisation. Is this justified?…

RAI
RAI

RA International – having noted “disruptions” a year ago, an update from Mozambique...

Remote site services provider RA International (RAI) has made an “Update on events in Cabo Delgado, Mozambique”-titled announcement… and the shares are currently more than 15% lower in response, towards 40p. So what’s the situation?…

Immotion Group – “pleased to announce” subscription agreement. I wonder why...

Immotion Group (IMMO“is pleased to announce” a subscription agreement at a price which “represents a premium of 15 per cent to the closing mid-market price on 25 March 2021”. Sounds encouraging…

SAL
SAL

SpaceandPeople – “optimistic… will recover quickly”, so why further share price decline?...

Previously writing on manager of promotional and retail merchandising space SpaceandPeople (SAL), in December I questioned prestigious property wins significant opportunity… or ramptastic?. Today a “Trading update” including “given the level of enquiries and proposals the group is currently seeing, the board is optimistic that SpaceandPeople will recover quickly, both in terms of the group’s pre-existing portfolio of venues and the new venues added to the portfolio”. So why are the shares currently, at 9p, a further 10% lower?…

SPE
SPE

Sopheon – “pleased to announce” full-year results, so why a further share price fall?

Sopheon (SPE), “the international provider of software, expertise, and best practices for Enterprise Innovation Performance, is pleased to announce its results for the year ended 31 December 2020”… but, already down from 980p late last month, the shares are currently further lower from a last close 895p…

TMO
TMO
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Time Out Group – a former Woodford pick with an intra-day ‘London Waterloo & funding update’. Uh oh...

Previously writing on former Woodford pick Time Out Group (TMO), in June with the shares around 40p I concluded that I retained prior markets visit “appealing proposition” and financial scepticism… and now a “Time Out Market London (Waterloo) & funding update”-titled announcement from the group made intra-day (10:05am). Uh oh…

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Biome Technologies – coffee-pod filtration material contract, share price rise justified?

Biome Technologies (BIOM) has announced a “contractual commitment with a second US end-customer to accelerate the commercialisation of its proprietary compostable filtration material”. Is though a current more than 40% share price leap to 375p, an approaching £14 million market cap, justified?…

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