Keyword results: shares avoid

CKT
CKT

Checkit – argues “accelerating its plan to achieve profitability”, but what does that actually mean here?

Previously writing on provider of business technology jargon(oops) an “intelligent operations platform for the deskless worker” Checkit plc (CKT), in February with the shares down to 46p I noted it increasing costs with it already cash burn aplenty and how long to wait for a meaningful positive revenue and bottom-line swing?, avoid / sell. The shares last closed at 29p and now a trading update emphasising “successful transformation into a subscription business… Cash at 31 July 2022 was £19.5m… in light of market conditions, the board is accelerating its plan to achieve profitability”... and the shares currently at 27.5p?

Digitalbox – trading “significantly ahead of the company's expectations”, so why a share price fall?

Digital media company which owns ‘Entertainment Daily’, ‘The Daily Mash’ and ‘The Tab’, Digitalbox (DBOX) has announced a trading performance “significantly ahead of the company's expectations” and on “the acquisition of the web and mobile platform assets of TVGuide.co.uk Limited, announced in May… expects this to enhance… revenue performance and profitability”. So why a current share price response to 11.25p, more than 6% lower?

HSW
HSW

Hostelworld – interims emphasise “strong month on month growth”, but what does that mean financially?

Hostel market-focused online travel agent Hostelworld Group (HSW) states that it “is pleased to announce its interim results for the six-month period ended 30 June 2022… strong month on month growth… in the absence of any further deterioration in the macro-economic climate, disruption to airline schedules, or escalation of the conflict in the Ukraine, we expect to be EBITDA positive in H2”. So what of a current share price response to 90p, down almost 5%?

ROO
ROO
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By all means have a Deliveroo delivery a couple of times a year…but don’t buy the shares!

Back in April I wrote about “The continuing madness of Deliveroo” (ROO) HERE. I am sure there are a bunch of shareholders (and users) of the online food delivery company who are excited to see a c. 3% rise in the company’s shares today. But don’t forget it is still down a mere 52% year-to-date! And if you purchased last year’s IPO, I offer you my commiserations.

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FAB
FAB

Fusion Antibodies – ramptastic patent application announcement, cash sufficient for current requirements?

Fusion Antibodies (FAB) has announced it “continues to work on next generation antibody discovery, and we see significant opportunities in this field… has submitted a patent application in respect of the company's bispecific designs for antigen display”. What of a current approaching 15% share price rise on the back of this to above 100p?

Cordel – “delighted by another major contract win in the UK”, but how major is it?

Transport data technology group Cordel (CRDL) states that it is “delighted by another major contract win in the UK”. So what of the shares currently responding approaching 24% higher to 6.5p?

Gama Aviation – states “progressing towards securing the new credit facilities required”. Is it?

Aviation services company Gama Aviation (GMAA) has issued a trading update stating that it “has delivered a solid trading performance in the first half of the year. H1/22 revenues are in excess of $130m (H1/21 $106.4m), up by over 20% on the same period last year… The recovery in activity and revenue growth is expected to continue through the second half of the year with full year Adjusted EBIT expected to remain in line with management expectations”. So what of a share price down from 66p earlier this year at 56.5p?

TheWorks.co.uk plc – “trading update”, I right to have been sceptical of it being able to deliver further sales growth?

Previously writing on arts, crafts, toys, books and stationery retailer TheWorks (WRKS), in May with the shares up to 57p I noted reckons can deliver further sales growth… but consumer pressures starting to bite?. The shares last closed at 46.5p and today a further “trading update”.

INS
INS

Instem – “delighted with the continued successes of our organic and acquisitive growth strategies”. Er!

Describing itself as “a leading provider of IT solutions to the global life sciences market”, Instem (INS) states that it “announces a positive trading update for the six months to 30 June 2022”. How positive?

FLX
FLX

Falanx – argues “far greater” order pipeline, but what about the bottom-line?

Cyber security group Falanx (FLX) has issued a trading update noting full-year organic revenue growth of circa 14% and “the pipeline is not only much larger in terms of financial value but also has a high level of advanced prospects”. So what of a current approaching 22% share price rise to 0.70p?

STM
STM

STM Group – ‘believes profit expectations will be met’, so why the further share price fall?

Financial services group STM (STM) has issued a “Board Changes and Trading Update” including “we will be making a number of appointments in the coming months to refresh the board around the future strategy of the group” and, with “the pipeline remains encouraging”, that it believes full-year profit expectations will be met. So what of a current more than 8% lower share price to 22p, a circa £13 million market cap?

RTC
RTC

RTC Group – interims, is the share price fall justified?

Previously writing on engineering and technical recruitment group RTC (RTC), in March with the shares down to below 30p I concluded the financials including cash burn and near term difficulties meant I certainly continued to avoid. So what now with “pleased to announce” results for the first half of 2022 and the shares at 21.5p?

RMV
RMV
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The world of Rightmove continues to get trickier

In early May I observed that “The Rightmove (RMV) CEO is wise to exit stage left after over 16 years”. The rise and rise of online property porn has been such a huge focus for the average adult over the last twenty of so years. We are - after all - genius new home selectors, ranked only just below the “Location, Location, Location” presentation Gods. So why are Rightmove shares down year-to-date?

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Virgin Wines – “a strong, stable and resilient business model”. Er, what about the financial downgrades then?

Online wine retailer Virgin Wines UK (VINO) has issued a trading update for its year ended 30th June 2022 emphasising “a strong, stable and resilient business model, coupled with disciplined customer acquisition, that delivers market leading profitability”. So why are the shares currently down a further more than 7.5% to 67p on the announcement?

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Everyman Media – “record half year sales and EBITDA”, but how impressive is it?

Premium UK cinemas group Everyman Media (EMAN) has announced “record half year sales and EBITDA… the pipeline for H2 2022 and 2023 is well progressed with a minimum of six further venues contracted to open”. So what of the shares currently moving up to 111p?

TGP
TGP

Tekmar – “continuation of our recent contract momentum”, but what about the balance sheet?

Describing itself as “a leading provider of technology and services for the global offshore energy markets”, Tekmar Group (TGP) has announced “a significant new contract award to supply 100 Cable Protection Systems for use on multiple offshore wind farms in the Shangdong and Guangdong provinces of China”. What of a current more than 5% higher share price response to 11.375p?

TON
TON

Titon Holdings – my prior caution justified; trading warning

Previously writing on ventilation systems and window and door hardware company Titon Holdings (TON), in May with the shares at 75p I noted supply chain, inflationary and consumer pressures and economic activity uncertainty saw me continue to avoid. The shares last closed at 82.5p but are currently back to 75p, a £8.4 million market cap, on a “trading update”.

FUL
FUL

Fulham Shore – “not seen any shift in customer demand”, but it to come?

Previously writing on Franco Manca and The Real Greek restaurants company Fulham Shore (FUL), in December with the shares at 16.75p I questioned whether the ‘ahead of expectations’ justified the valuation. The shares last closed at 11.5p but are currently up to 12.5p on full-year results, so what’s the situation now?

Luceco – half-year trading update, how are the ‘results challenges’ now?

Previously writing on manufacturer and distributor of wiring accessories, EV chargers, LED lighting and portable power products Luceco (LUCE), in May with the shares down to around 145p I concluded I’d await clear evidence of suggested improvement before reconsidering from avoid. So what of now a half-year trading update with the shares at 111.4p?

PREMIUM CONTENT

The world turns upside down for Hotel Chocolat shareholders!

I am trying to remember the last time I went to a Hotel Chocolat (HOTC) shop. If my memory is correct, it was in the Boxing Day 2019 sale. I cannot remember if I regarded its 50% off prices as cheap or not, but suffice to say it would have felt a bit cheaper than buying before Christmas. I tell you what else has fallen by (nearly) 50% this morning: Hotel Chocolat’s share price! So, what’s been going on at the “Chocolate Gifts & Luxury Presents” company whose “three guiding principles have taken us to over 150 chocolate shops, cafe's, restaurants and even a cocoa estate hotel”?

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Cordel – trading update, how “great” should confidence be for the year ahead?

Previously writing on transport data technology group Cordel (CRDL), in February with the shares falling below 9p I concluded that my prior ‘growth trend’ and cash burn concerns looked to remain valid. So what of now a trading update and the shares currently further lower towards 6p?

AGY
AGY
PREMIUM CONTENT

Allergy Therapeutics – argues “significant clinical progress”, so why the further share price fall?

Allergy Therapeutics (AGY) has issued a trading update for its year ended 30th June 2022 emphasising “effective cost controls implemented alongside the group's significant clinical progress” and “in 2023, sales are expected to return to their previous near double-digit growth levels”. So what of a current share price response to 17p, approaching 7% lower?

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DPP
DPP

DP Poland – emphasises “strong sales performance”, but what about the bottom-line?

DP Poland (DPP), with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, states it is “delighted to see the strong sales performance achieved in the first half of 2022 continuing” and is “confident we will emulate the success of the brand in other markets”. But what’s the detail?

DIS
DIS

Distil – trading slump, stated to ‘largely reflect’ UK business “remodelling”. Why are we only told now?!

Previously writing on alcoholic drinks company Distil (DIS), in April with the shares at 1.4p I questioned ‘pleased to announce campaign to further build RedLeg spiced rum, how’s the balance sheet now?’. The shares last closed at 1.35p but are currently 1.15p, a £7.9 million market cap, on the back of a trading update, so what’s the position now?

PREMIUM CONTENT

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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RTN
RTN
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Restaurant Group – excitable announcement but real life (and its shares) remains tricky

It is over two years since I wrote about Restaurant Group (RTN) back in June 2020 HERE but despite the world of deep COVID-19 challenges for any restaurant company having improved, the company’s shares are still down over a third since then. And, if you are a fan of the company, don’t even think about the mere 80% share price fall over the last five years. Good job I have never rated it. What is getting the company all excited earlier today?

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System1 – trading “headwinds”, and more of them to come?

Previously writing on marketing decision-making platform group System1 (SYS1), in February with the shares down to around 250p I concluded that they could offer some value but at this valuation I’d still want to see some clear overall delivery towards future expectations. Having last closed at 310p, what of a current 268p share price on the back of latest updates from the group?

Hostmore – “in line with the expectations” set out in May, so what does that mean?

American-themed casual dining brand 'Fridays', cocktail-led bar and restaurant brand '63rd+1st' and fast casual dining brand 'Fridays and Go' company Hostmore (MORE) has issued a half-year trading update emphasising “guidance for the full year remains unchanged, with LFL revenues for the period since 23 May 2022 in line with the expectations set out in the trading update issued on 26 May”. So what of a share price of 35p, comparing to more than 40p in May?

SAL
SAL

SpaceandPeople – trading recovering, but is the balance sheet sufficient?

Retail, promotional and ‘brand experience’ company SpaceandPeople (SAL) has announced “trading during H1-22 continued to recover… confident that this will continue into the traditionally busier second half of the year”. So what of a current share price response to 112.5p, up 12.5%?

TGP
TGP

Tekmar – contract win and cash collection, but are they sufficient?

Energy technology and services group Tekmar (TGP) is pleased to announce a “significant” new contract for an offshore wind farm project and emphasises it “builds on the encouraging contract momentum we have established, highlighted by the record order book of £20.1m we announced with our first half results”. So what of a current share price soaring up towards 12p?

PYC
PYC

Physiomics – hiring of new staff to translate to increased revenue? It looks to need to!

Biopharma technology company Physiomics (PYC) has announced its year ended 30th June performance “in-line with market expectations” and expected increased revenue this year. So what of a current share price response more than 5% higher to above 3p?

KMK
KMK

Kromek – Smiths Detection distribution agreement, but what about financials?

Radiation and bio-detection technology group Kromek (KMK) is “delighted to partner with Smiths Detection… to deliver our solutions to customers across North and South America”. So what of a share price response currently approaching 8% higher towards 10p?

SmartSpace Software – trading update, hybrid working confidence?

Previously writing on ‘smart’ buildings and commercial spaces software company SmartSpace (SMRT), in February with the shares up to 73.5p I concluded that with the financial uncertainty and the valuation I continued to avoid. What now, following a trading update and the shares up in response, though currently 58p?

IQG
IQG

IQGeo – emphasises “important project” selection, but how do the financials look now?

Previously writing on geospatial software group IQGeo (IQG), approaching a year ago with the shares at 122p I concluded the valuation looked challenging. The group has today though announced “Global top 5 telecom operator selects IQGeo” and what of the shares sparking higher towards 140p?

STG
STG

Strip Tinning – “Glazing Contract Wins for EV”, just how “significant” is the new ‘nomination’?

Strip Tinning (STG) “is pleased to announce it has secured a significant new 5 year nomination with BMW for its Glazing division, underlining Strip Tinning's position as a leading supplier of specialist connectors to the Glazing sector for all classes of automotive vehicles manufactured worldwide”. With the shares currently responding more than 6% higher to 105p, just how “significant” is the new nomination?

Immotion – AGM update, just how “strong” is the trading?...

Previously writing on ‘immersive entertainment’ group Immotion (IMMO), with the shares rising above 6p in August last year I concluded that financial factors had seen me remain cautious and that with the market cap above £25 million I continued to avoid. So what of today a “pleased to provide” AGM trading update... and the shares at 3.7p?...

Microsaic Systems – “pleased to announce” trading update. Er, what about ‘profit’ & cash?

Microsaic Systems (MSYS) has issued a “pleased to announce” trading update, emphasising that “the launch of the Microsaic Services Division, earlier this year, has resulted in an uplift of 40% in revenues” and “a healthy order book for H2 2022 which is the strongest ever going in to the second half”. So what of a current little changed 0.08p share price, circa £5 million market capitalisation?...

XPF
XPF

XP Factory – “AGM Statement”, how’s the bottom-line result and balance sheet now?...

Previously writing on a “trading update” from XP Factory (XPF), in January with the shares at 30.5p I questioned what about the bottom-line result and balance sheet? Today an AGM Statement from the company – and the shares currently further down to below 18p. So what’s the situation now?...

Pelatro – “AGM Statement”, what about the recent RNS Reach announcements & broker change?...

Software for customer marketing company Pelatro (PTRO) has issued an AGM Statement including that “contracts announced in the last month in both the telco and the non-telco space demonstrate our continuing success in building the group's recurring revenue base… we are confident of delivering a performance in line with expectations for 2022”. So what of a share price of 27.75p, down from above 40p last Autumn?...

Various Eateries – interims, how’s the ‘building up’ going?...

In September 2020 Various Eateries (VARE) listed on AIM stating it “has successfully raised £25 million… at a price of 73 pence per ordinary share… The net proceeds will principally be used to advance the group's plans to roll out its Coppa Club and Tavolino brands and to fund future activities, possibly including acquisitions”, with founder director Hugh Osmond adding “I helped to build up PizzaExpress out of the UK recession of the early 1990s; we will build up Various Eateries out of the devastation caused by this current crisis”. So what of now-announced results for its half-year ended 3rd April 2022... and a current 48.5p share price?...

TWD
TWD

Trackwise Designs – after a further shameful fundraise, “trading update” share price slump...

Describing itself as “a leading provider of specialist products using printed circuit technology”, Trackwise Designs (TWD) has issued a trading update including that it “expects to deliver FY22 adjusted operating profit, and adjusted profit before tax, in line with market expectations… Cash of £3.2m has been received this month relating to asset financing for capital equipment now on site and commissioned at Stonehouse… will significantly increase Trackwise's production capacity to meet expected demand for Improved Harness Technology across its target markets”. So why currently a more than 18% share price fall below a 50p share price?...

FNX
FNX

Fonix Mobile – shares sales “in order to satisfy strong institutional demand”. A few issues...

Fonix Mobile (FNX) has announced that “selling shareholders… have successfully sold a total of 6,666,667 placing shares at a price of 150 pence per placing share… in order to satisfy strong institutional demand”. If it says so!...

TND
TND

Tandem – recent revenue growth & argues “well placed to ultimately drive growth”, so why further share price decline?...

Sports, leisure and mobility equipment group Tandem (TND) has issued an AGM Statement including on revenue “for the last 7 weeks we were approximately 8% ahead against the comparative period” and “we are well placed to ultimately drive growth, particularly in all forms of e-powered transportation”. So what of a share price currently a further more than 16% down to 250p, a £13.5 million market capitalisation?...

Bonhill – ‘Business Disposal & Trading Update’, “pleased with the performance”?

B2B media group Bonhill (BONH) has announced a “Business Disposal & Trading Update” including that it is now “pleased with the performance… excited by the opportunities and financial performance that the new streamlined business presents”. So what of the shares at 6p, down from above 10p early this year?...

Tasty plc – share price performance tasty for the CEO, not for other investors!...

Previously writing on ‘Wildwood’ and ‘dim t’ casual dining restaurants company Tasty (TAST), in March with the shares at 5.5p I noted that, with performance having benefitted from pent-up demand, disposable income and staycation drivers, it will be interesting how optimistic about even sales performance it is sensible to be now. The shares are now below 4p... and today from the company a “Directorate Changes and Conversion of B Shares” announcement.

TPG
TPG

TP Group – results delay and extension ‘in view of covid impact’. Er...

TP Group (TPG) has issued an “Extension to Publication of Results”-titled announcement and the shares are down from 2.5p to currently 1.85p in response. So what’s going on?...

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?...

ANP
ANP

Anpario – AGM update, how much so can it “continue with the profitable development”?

Manufacturer of natural sustainable animal feed additives Anpario (ANP) has made an AGM statement including arguing a “good” sales performance and noting sales price increases, overheads being closely managed and that it is excited by the potential of both existing and new products, along with that a “broad range of products, geographic diversity and strong financial position makes for a robust business and gives us confidence in our ability to navigate the current uncertainties and continue with the profitable development of the company”. So why a current more than 10% lower share price response to 530p?...

DSG
DSG

Dillistone – AGM trading statement, was previous share price fall justified?...

Previously writing on recruitment software and services group Dillistone (DSG), a year ago with the shares falling to 22p I concluded management, recovery, Talentis and overall balance sheet uncertainties meant I continued to avoid. What now following an AGM update... and the shares currently up to 22.5p?...

TGP
TGP

Tekmar – “may not have the necessary cash to make all the required investment to deliver fully the turnaround strategy”. Uh oh...

Previously writing on Tekmar Group (TGP), in November with the shares at 53p I concluded to avoid ( ‘contract award’… but how significant and how’s the financial position?). The shares last closed at 39p and are now slumping below 30p, so what’s going on?...

Pelatro – “pleased to announce” contract win, I wonder why...

Marketing software company Pelatro (PTRO) “is pleased to announce that it has been selected by an African telco to provide its mViva Campaign Management Solution… helped us penetrate the growing African market further”. What of a share price response currently a few percent higher towards 28p?...

Insig AI – data and research agreement, what about the share price response?...

“Data science and machine learning solutions company” Insig AI (INSG) “is pleased to announce that it has signed a data partnership and research agreement with Blurred Global - a strategy advisor on ESG positioning and corporate communications… that work with FTSE 350 corporations”. So what of a current more than 5% share price rise to above 40p?...

COM
COM

Comptoir Group – full-year results, is “great confidence” justified?

Lebanese and Eastern Mediterranean restaurants group with the Comptoir Libanais and Shawa brands, Comptoir (COM) is “pleased to report on the group's annual results for the 52-week period ended 2nd January 2022… look to 2022 and beyond with great confidence” – and the shares have currently responded more than 40% higher towards 8p.

INX
INX

i-nexus Global – interims, is it really ‘a leading provider’ looking to the future with confidence?...

Previously writing on self-described “a leading provider of cloud-based Strategy Execution software solutions designed for the Global 5000” i-nexus Global (INX), in September I concluded it looks to be forget working capital for growth plan, it’s lack-of-sales-revenue cash crunch ahoy… natch still bargepole / sell. What of now half-year results?...

RBN
RBN

Robinson – “inline with expectations”… but what does that mean?...

An AGM statement from plastic and paperboard packaging manufacturer Robinson (RBN) commences, “Group sales in the first four months of the year are 22% ahead” and includes “profits are ahead of the first four months in 2021… profits in the 2022 financial year (excluding the uplift from the profits on disposal of properties) are expected to be inline with expectations, being comfortably ahead of 2021”. So what of a currently unchanged 80p share price?...

Hostmore – from “delivering on our goals” to warning on trading in just over two months...

In mid-March Hostmore (MORE) emphasised “strong financial performance, in our maiden results as a publicly listed company… the growth of the group… delivering on our goals to the benefit of all stakeholders, including our loyal shareholders”. Today a trading update and the shares currently more than 15% lower in response towards 42p...

PEN
PEN

Pennant International – 2021 results, is its 2022 “increasing confidence” justified?

Pennant International (PEN) has announced its 2021 “second half was stronger, generating an EBITA profit of £0.2m” and “the current year has started well. In March 2022, we finally secured the Major Programme for Boeing Defence United Kingdom Limited… the board views prospects for 2022 with increasing confidence”. So what of a current 36.5p share price, down more than 6%?...

VEL
VEL

Velocity Composites – trading update, how’s the balance sheet now?

Aerospace and high-performance composite material kits company Velocity Composites (VEL) has announced a trading update including that it “is pleased to report that Velocity's sales for H1 FY22 are in line with management expectations at £5.9 million (H1 FY21: £4.4 million)… look forward to the future with confidence in the long-term prospects”. The shares have currently responded up towards 20p, though are still well down on levels of early this year.

Pelatro – argues “substantial order book and good visibility over revenues”, but what about net cash generation?

Previously writing on marketing software company Pelatro (PTRO), in January I questioned “in line with expectations”. It now “is pleased to announce today its audited results for the year ended 31 December 2021”, so what’s the story?...

TheWorks.co.uk plc – reckons can deliver further sales growth… but consumer pressures starting to bite?

Arts, crafts, toys, books and stationery retailer TheWorks (WRKS) has issued a full-year trading update including “trading performance… well ahead of pre-COVID levels… net cash of £16.3m… Dividend re-instated; the board expects to recommend a dividend of approximately 2.4 pence per share alongside its FY22 results in September and maintain a progressive dividend policy thereafter”. With though also the EBITDA forecast only “reiterated”, what of a current more than 13% increased share price to 57p?...

Accrol – ‘successfully navigating inflationary pressures and well positioned’. Really?...

“Trading Update - FY22 in line with expectations”-titled announcement from tissue converter group Accrol (ACRL) sounds good given the current macro climate. So what of a current 26p share price?...

Fulcrum Utility Services – “trading update”, turns loss-making on even adjusted EBITDA basis

Fulcrum Utility Services (FCRM) states in a trading update that its “core multi-utility contracting business has remained relatively unaffected by… the UK energy market has continued to experience considerable turbulence”. So what of a current 7.3p share price, down nearly 20%?...

CNC
CNC

Concurrent Technologies – “order book increased”… but what about order delivery ability?

Previously writing on Concurrent Technologies (CNC), in January with the shares at 88p I concluded cautiously. The shares last closed at 87p but are currently below 80p on the back of full-year 2021 results.

TON
TON

Titon – interims, supply chain challenges to start to ease?...

Previously writing on ventilation systems and window and door hardware company Titon Holdings (TON), in February with the shares at 80p I noted it’s further margin pressure ahoy and continue to avoid. The shares last closed at 90p but, on the back of results for its half-year ended 31st March 2022, are currently down to 75p.

HSW
HSW

Hostelworld – “recovery… across all destinations and demand segments”, but what does it mean financially?...

Hostel market-focused online travel group Hostelworld (HSW) has announced an AGM update including “performance to date has been stronger than we had initially expected… we are seeing the recovery continue across all destinations and demand segments. In particular, booking demand into Europe, our largest destination in 2019, has almost fully recovered to 2019 levels with some markets exceeding 100%… trips from the US and Canada into European destinations at 2019 levels”. So what of a share price rising above 86p?...

Best of the Best – “pleased” with performance against most recent guidance. Should it be?...

Online competitions company Best of the Best (BOTB) states it “is pleased… revenue performance for the period has been consistent with the market guidance issued at the time of its interim results on 19 January 2022, with pre-tax profits slightly ahead”. What does that mean re. a share price currently up to 440p?...

SUP
SUP

Supreme plc – McColl's ‘clarification’, “continues to trade well”?...

Previously writing on consumer goods manufacturer, supplier and brand owner Supreme plc (SUP), in April the shares were down to 155p. They’ve recently though fallen further to 135p and it now announces a clarification on McColl's, a seller of its products.

Midwich – ‘in line and look forward with confidence’, but what does that mean financially?...

AV distributor to trade Midwich Group (MIDW) has made an AGM statement including that “trading in the first four months of the current year has been in line with the board's expectations and we look forward with confidence”. What of a share price currently slightly higher in response at 582p and therefore a £517.3 million market cap?...

FAB
FAB

Fusion Antibodies – trading update, cash sufficient for “current requirements”?...

Fusion Antibodies (FAB) has announced a trading update for its year ended 31st March 2022 and that “the number of customer enquiries being received for all of the company's services remains strong, and in H2 of FY2022 the company strengthened its commercial team”. So what of a current 67p share price?...

CMH
CMH

Chamberlin – property sale and leaseback, for growth strategies or not?...

Castings and engineering company Chamberlin (CMH) is “pleased to announce” it has exchanged contracts for a property sale and leaseback with £1.25 million of proceeds. What of a share price response up towards 5p?...

Luceco – states results challenges “previously highlighted”. Were they?...

Manufacturer and distributor of wiring accessories, EV chargers, LED lighting and portable power products, Luceco (LUCE) has announced “Q1 2022 revenue was 3% lower than Q1 2021”, though states that is with it having “previously highlighted the challenge of repeating 2021's record results, which delivered adjusted operating profit more than double pre-COVID 2019 levels, including a particularly strong H1 2021 performance”. So why a current share price response to around 145p, more than 25% lower?!...

DRV
DRV

Driver Group – CFO appointment, but is there to be a significant second half improvement?

Professional services consultancy to the construction and engineering industries Driver Group (DRV) “is pleased to announce the appointment of Charlotte Parsons to the board as Chief Financial Officer, with effect from 20 July… as the company executes on the delivery of its strategic plans for growth and of sustainable long-term value creation for our investors”. So what’s the outlook from a current 27p share price?...

Vianet – “pleased to confirm the strong recovery”, so why a further share price fall?...

Data and business insight technology group Vianet (VNET) states it is “pleased to confirm the strong recovery in the group's revenues through H2, with full year turnover expected to be up 55% to almost £13.0m… Operating profit is anticipated to be £2.2m… we are excited about our sales pipeline”. So what of a current further share price fall to 90p?...

Insig AI – “pleased to announce” contract win & update, but what about funding?

Insig AI (INSG) “is pleased to announce that a London based alternative investment manager with in excess of $1 billion of assets under management has signed a development contract to deliver a centralised cloud-based data infrastructure”. With also a trading update and board changes, what of a current 28.5p share price?...

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Schroder UK Public Private Trust (Former Woodford Patient Capital) – 2021 Results And Why The Shares Have Much Further To Fall

The Schroder UK Public Private Trust (SUPP) (formerly Woodford Patient Capital Trust, WPCT) announced its full year results for calendar 2021 on Thursday. The headline was that NAV was, after the company’s three-monthly recalculation with regard to its unlisted dross, 48.08p – strongly up from 35p at FY20. So good news?

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Bonhill – 2021 results & fundraise, how was the balance sheet?...

Previously writing on B2B media group Bonhill (BONH) I noted that it proposed to raise approximately £1.1 million at 5.5p per share via a placing and open offer it stated “for working capital purposes” but I suggested to avert cash crunch ahoy. Now further fundraising detail along with calendar year 2021 results.

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?...

Microsaic Systems – argues new agreement illustrates diversified potential. How significantly so?...

Microsaic Systems (MSYS) has announced a “Manufacturing Services Framework Agreement” which Acting Executive Chairman Gerard Brandon emphasises “diversifies the company's revenues beyond equipment sales of Mass Spectrometers… This new agreement illustrates how Microsaic is able to access additional revenues from other innovative companies seeking a high quality product design, development and manufacturing service”. What then of a current share price response more than 7% lower to 0.10p?...

React Group – massively discounted placing… after emphasising a “prestigious new account” just on Monday!

Writing on cleaning, hygiene and decontamination group REACT (REAT) in October with the shares falling below 2p, I concluded cautiously including noting net cash of £0.567 million comparing to £0.771 million at the half-year. It now reports a “proposed placing to raise £5.5 million underpins… strategy and in particular, provides the certainty of funding essential to acquire the opportunity we refer to as Target A”.

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?...

DIS
DIS

Distil – “pleased to announce” campaign to further build RedLeg spiced rum, how’s the balance sheet now?

Alcoholic drinks company Distil (DIS) has announced a campaign for its RedLeg Spiced Rum which it emphasises it is “confident… will continue to build on the success of the brand”. What of a current 1.4p share price, £9.6 million market cap here?

HRN
HRN

Hornby – argues trading “very encouraging”, but how much so compared to the valuation?...

Previously writing on models and collectibles company Hornby (HRN), in September with the shares towards 40p I was cautious considering the valuation and potential supply disruption. The shares previously closed at 33p, though a trading statement has currently helped them up to 34.5p. So what’s the latest?...

SUP
SUP

Supreme plc – argues “performed strongly”, so what about the share price response?

Consumer goods distributor and brand owner Supreme plc (SUP) has issued a trading update emphasising “driving organic growth across its core categories, completing two strategic acquisitions financed by free cash and establishing product traction with leading UK grocery customers”. So why a current share price of 155p, down more than 18% in response?...

Attraqt – 2021 results, well positioned to deliver on growth strategy?

Previously writing on provider of online search, merchandising and personalisation solutions for ecommerce Attraqt Group (ATQT), in July with the shares at 42.5p I noted my previous review noting underlying cash burn and that the valuation looked at least to have very little scope for any trading disappointment. So what of 2021 results announced today?…

DIS
DIS

Distil – how ‘pleasing’ really is its trading update?...

Alcoholic drinks company Distil (DIS) states that it “is pleased to provide an update on trading for the financial quarter ended 31 March 2022”, but what of the shares currently responding approaching 17% higher to 1.4p?…

IGP
IGP

Intercede – trading warning, how much business was it hoping for from after its 30th March announcement?!

Cybersecurity group specialising in digital identities, derived credentials and access control, Intercede (IGP) has announced “delays have been experienced with a number of large new opportunities that had been expected to close this year… revenues are lower than market expectations… expected to be in the region of £9.9-10.0m”. What of a share price fall in response from 58.5p to currently 46p?…

IGP
IGP

Intercede – shares up on US Federal Government order, what’s factored in?...

Intercede (IGP), “the leading specialist in digital identity, credential management and secure mobility, is pleased to announce that a large US Federal Government order totaling $3.4m was received on 29 March”. What of a share price currently up to 64p in response?…

IGR
IGR

IG Design Group – CFO appointment, but what about a CEO & trading?...

Shares in celebrations, craft, gifting, stationery and creative play products group IG Design (IGR) are currently significantly higher today at 71p with it announcing “Appointment of Chief Financial Officer”. What’s the overall situation here now?…

Gfinity – interims, the equity raise “for working capital purposes”?...

Just over two weeks ago Gfinity (GFIN) announced a £2.7 million equity raise “for working capital purposes”I questioned a “world leading esports solutions provider” requiring £2.7 million… and so what about now-announced results for its half-year ended 31st December 2021?…

DRV
DRV

Driver Group – trading warning, is there to be a significant second half improvement?

Professional services consultancy to the construction and engineering industries Driver Group (DRV) has announced “a difficult second quarter” but that implementation of the key findings of an operational review “is expected to support a significant improvement in profitability in the second half”. So what of a share price response currently down 27% at 28.5p?…

RTC
RTC

RTC Group – 2021 results, why the further share price fall?...

Previously writing on recruitment group RTC (RTC), in August with the shares at 54p I reviewed argues “outstanding further contract award”. How ‘outstanding’?, concluding that there were clear reasons for caution. The shares last closed at 35p… and are currently down below 30p on the back of a full-year results announcement. So what’s the situation now?…

AOM
AOM

ActiveOps – slower US trading “reflecting the ongoing impact of COVID-19”. Really?...

Describing itself as “a leading provider of Management Process Automation software for running hybrid and global back-office operations”, ActiveOps (AOM) has issued a trading update in which it “is pleased to confirm that trading is in line with previously upwardly revised management expectations” and “confident in the company’s outlook, as a clearly defined list of target customers feed into an existing and robust pipeline”. So why a current 97.5p share price, down more than 17%, in response?

RWS
RWS

RWS – “Capital Markets Event” announcement far from only that!...

Shares in “technology-enabled language, content and intellectual property services” company RWS Holdings (RWS) are currently, at around 340p, down 27% on the back of acquisition and “Capital Markets Event” announcements. So what’s going on?…

Pebble Group – 2021 results, how was the net cash generation?...

Previously writing on provider of digital commerce, products and related services to the promotional products industry, Pebble Group (PEBB), in December with the shares at 147.5p I noted a lot of net cash generation ‘scaling’ looked needed to justify the valuation and that I avoided. The shares are currently 110p, though that with they more than 22% higher today on the back of 2021 results. So what’s the story?…

KGH
KGH

Knights Group – now states “lower than management's expectations”… after February and March director selling?!

Legal and professional services group Knights (KGH) has announced recent “lower than management’s expectations” performance but, with “cash conversion remains robust, with industry leading lock-up and debtor days”, is a share price response to below 200p, a more than 45% fall, justified?…

POS
POS

Plexus – half-year results, is the tide now turning?

Oil and gas engineering services business and owner of the proprietary POS-GRIP method of wellhead engineering, Plexus Holdings (POS) has announced results for its half-year ended 31st December 2021 and argues “the tide is now turning” in its favour. Is it?…

BKS
BKS

Beeks Financial Cloud – half-year results emphasise “underlying EBITDA”… what about cash flow?

Financial markets cloud computing and connectivity group Beeks Financial Cloud (BKS) has announced results for its half-year ended 31st December 2021 and that “even excluding contribution from Exchange Cloud, the board are confident in achieving results for the year in line with market expectations, having already upgraded FY22 revenue expectations three times in the last six months”. So why are the shares currently slightly lower to 144.5p, a £81.4 million market cap, in response, particularly as they were around 200p a couple of months ago?…

Autins – AGM update, further uncertainty on semiconductor supply?...

Previously writing on acoustic and thermal insulation group Autins (AUTG), in January with the shares down to 20p I questioned “anticipates improvement”, concluding that with also the current macro uncertainty to avoid. What now of an “AGM Statement” and the shares currently further down to 19p?…

EYE
EYE

Eagle Eye Solutions – interims, demonstrating ability to execute on opportunity?

Previously writing on marketing technology group Eagle Eye Solutions (EYE), in November with the shares up towards 600p I concluded I remained wary of the valuation multiples and continued to avoid. How’s that looking now following results for the group’s half-year ended 31st December 2021?…

Aptitude Software – after emphasised “good progress in 2021”, why the share price slump?...

Aptitude Software Group (APTD) has announced 2021 results emphasising “good progress” and that it “is well positioned to benefit from the two recognised strategic growth drivers of finance digitization and subscription management”. So why a current 310p share price in response?, down 22.5%?…

FAB
FAB

Fusion Antibodies – CEO has now left after little more than a year… and who’s the successor then?

On 21st February Fusion Antibodies (FAB) announced the resignation of CEO Richard Jones, though stating “Richard will remain with the company while arrangements are put in place for his successor. The board has initiated a formal search for a new CEO”. It has today announced that “Richard Jones has now stepped down from his role as CEO, effective from 11 March 2022”. Who’s the successor then?…

HDD
HDD

Hardide – argues “the first half of the year has started strongly”, but what does that mean financially?...

Engineering components coatings company Hardide (HDD) is “delighted that the first half of the year has started strongly with sales expected to be over 40% higher than the same period last year… optimistic that the increasing demand from existing customers and the high-volume potential of a number of projects will result in the group achieving its previous upward sales trajectory”. The shares have responded up to 33.5p, but what does the company’s AGM update mean financially?…

SRT
SRT

SRT Marine Systems – placing “to provide working capital”, why the massive discount then?...

Previously writing on SRT Marine Systems (SRT), in January with the shares up to 47p I noted interims having shown a more than £3 million loss on revenue of £4.7 million, with a swing to a £1.4 million net current liabilities position and also £1.7 million of non-current liabilities and that I retained caution HERE. Now the company’s “pleased to announce… concluded its Bookbuild process, successfully raising gross proceeds of £4.9 million through the placing”. So what about a more than 11% share price fall to 34.25p in response?…

FSJ
FSJ

James Fisher & Sons – 2021 results, it still confident in its strategy?...

Previously writing on marine service provider James Fisher & Sons (FSJ), in October with the shares down to circa 530p I noted with it seeing it necessary to make “detailed” reviews to bargepole. The shares last closed at 499p but are currently below 390p on the back of full-year results…

MTC
MTC

Mothercare – its “Statement re Russia” very poor on various levels...

Mothercare plc (MTC) has made a “Statement re Russia”. As a “global specialist brand for parents and young children”, what does it have to say?…

Tasty plc – trading update, how ‘tempered’ by the challenges?...

Previously writing on ‘Wildwood’ and ‘dim t’ casual dining restaurants company Tasty (TAST), in January with the shares at 5.25p I concluded ‘I suggest it still currently a lack-of-financial-specifics avoid and a further caution on recent hospitality sector trading’. So what of a further trading update today?…

dotDigital – directors share purchases more attempted share support PR than real conviction?...

“Directors’ Share Purchases/PDMR Shareholding”-titled announcement from marketing automation and customer engagement software group dotDigital (DOTD) and the shares currently up to 65.2p. Good news then?…

IXI
IXI

IXICO – contract award, but how’s the cash burn?...

Biopharmaceutical data analytics company IXICO (IXI) has announced it has been selected for an open-label Phase I/II dose finding study, emphasising it “reflects the confidence of our clients in the use of our services”. So what of a share price slightly ahead to 43.5p, but comparing to 58.5p in December?…

CloudCoCo – full-year results, “a transformational year”?

UK provider of IT and communications services to businesses and public sector organisations, CloudCoCo (CLCO) has announced results for its year ended 30th September 2021, emphasising a now “significantly enlarged customer base and enhanced capabilities from acquisitions”. So what of a currently unchanged 1.70p share price?…

Verici Dx – “fundraise to… continue the accelerated progress”, or to avert cash crunch ahoy?...

Verici Dx (VRCI), a developer of clinical diagnostics for organ transplant, has announced a placing of “at least £10.0 million” at 35p per share, stating it “intends to use the net proceeds of the fundraise to… continue the accelerated progress the company has experienced to date”. So what of currently a 4% share price fall in response?…

IGE
IGE

Image Scan Holdings – new industrial customer, but still just how “significant” is the loss to be?

X-ray imaging company Image Scan (IGE) has announced a “New Industrial Customer”, emphasising the customer is a automotive catalytic converters and diesel particulate filters “significant player… with a global manufacturing footprint” and “there is potential, over the next few years, for further orders”. So what of a current share price rise in response to 2.25p?…

Byotrol – argues “a significant improvement in product sales”, but what about the overall performance?...

A trading update from infection prevention and control-focused company Byotrol (BYOT) commences, “Our second half performance (six months to 31 March 2022) is showing a significant improvement in product sales compared to our first half, and the order book remains strong into year end” and includes “if we do not conclude any large IP sales, we would expect overall revenues to be no less than £6m, with positive underlying EBITDA for the year… we expect our cash position at year end to be no less than £1m”. The shares have currently responded up to 3.15p, but what of they still down from above 5p as recently as December?…

PCI Pal – interims, ‘how excellent is the start to its year’?...

Previously writing on payment technology for business communications company PCI Pal (PCIP), in November with the shares further lower below 70p I questioned how “excellent” the start to its current year?. Now half-year results and the shares at 58p, though up from a prior close 53.5p.

SFE
SFE
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Safestyle UK – ‘cyber update’… so attack was before “Trading and Operations Update” which didn’t mention it & no RNS until 5:22pm 3 days after it “occurred”?!

Windows and doors manufacturer and retailer Safestyle UK (SFE) has announced a previously reported cyber attack is to have “a c.10% impact on our H1 revenues and, therefore, a material impact on our expectations for H1 earnings”. So what for the shares, currently at 44p?…

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ARC
ARC

Arcontech – interims, argues “strong pent-up demand”. Is there?...

Previously writing on financial markets technology and related services group Arcontech (ARC), in November with the shares heading down towards 100p I noted I right to have questioned “confident we will return to growth”. So what of now-announced results for its half-year ended 31st December 2021?…

GHH
GHH

Gooch & Housego – AGM trading update, how “strong and improving” is fundamental demand?

Previously writing on photonic components and systems manufacturer Gooch & Housego (GHH), in November with the shares around 1130p I noted full-year results argued “very optimistic” but that the rating looked to already factor in much and there remained risks. The shares are currently up today…but to 1045p, so what of the company’s AGM trading update?…

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!

FIF
FIF

Finsbury Food – interims, is more than 23% profit decline ‘successfully mitigating the impact of the pressures’ then?

On 13th January a trading statement from ‘cake, bread and morning goods’ manufacturer Finsbury Food Group (FIF) emphasised “a robust H1 performance”, with sales growth to £166.5 million and that, though it “has faced persistent pressure from input cost inflation, staff shortages and other supply chain disruptions… it has been able to successfully mitigate the impact of these pressures to date”. The shares closed then at 98p and last closed at 88.5p… and are currently further lower on the back of the half-year results. What’s the story?…

SmartSpace Software – notes return to offices benefit, but how much?...

‘Smart’ buildings and commercial spaces software company SmartSpace (SMRT) is “pleased… results for the full year ending 31 January 2022 are expected to be slightly ahead of market expectations” and “excited by the opportunities that lie ahead”. The shares have responded up to 73.5p, but why does that compare to above 180p as recently as July?…

RGD
RGD

Real Good Food – “entered its seasonally busier second half of the year in good shape”… so why today’s share price slump?...

Cake decoration and food ingredients company Real Good Food (RGD) commences a trading update with that it “entered its seasonally busier second half of the year in good shape”… so why a share price more than 14.5% lower today at 2.35p?…

FAB
FAB

Fusion Antibodies – ‘not aware of reason for share price fall’. Er...

Fusion Antibodies (FAB), “specialists in pre-clinical antibody discovery, engineering and supply for both therapeutic drug and diagnostic applications, notes the recent movement in the company’s share price”. By “recent movement” it means fall from 96p at the start of this month to a last close 82.5p. So what’s the reason?…

Deltex Medical – I having previously questioned ‘how’s the balance sheet now?’, a discounted fundraising...

Deltex Medical (DEMG) has announced that “the board has concluded that it is now appropriate to raise a total of approximately £1.4 million… at a price of 1.25 pence per Deltex Medical ordinary share… (i) to launch, market and commercialise the next generation TrueVue monitor as well as a new non-invasive Doppler probe; (ii) to provide the financial resources required to support the substantial grant funding already won… and (iii) for the general working capital needs of the business”. Really?…

SAL
SAL

SpaceandPeople – “trading update”, eventually! And how’s the balance sheet overall?

With shares in SpaceandPeople (SAL) slumping from a 1st February 15p close to just two days later a 10p close, the company still don’t bother to make an announcement last week. It has now eventually got round to doing so, and the shares are currently at 12.25p. So what to make of it?…

SAL
SAL
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SpaceandPeople – as shares slump, just how dire is the financial position? Statement from the company needed

Shares in promotional and retail merchandising space company SpaceandPeople (SAL) are currently more than 30% lower today at below 10p on no news. So what’s going on? Surely a statement from the company is needed…

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VLG
VLG

Venture Life Group – a trading statement it’s “pleased to provide”. Should it be?...

‘Self-care’ products group Venture Life (VLG) has made a trading statement and the shares have currently responded to around 50p, 34% higher, on the back of it. Is this justified?…

XPF
XPF

XP Factory – “trading update”… but what about the bottom-line result and balance sheet?

Since I previously wrote on the company in August, this ‘escape-the-room experiences’ business has changed its name from Escape Hunt to XP Factory (XPF) following an acquisition of Boom Battle Bars (“combining competitive socialising activities with cocktails and street food”). The shares are down from 38.5p to currently 30.5p – though that represents a near 9% rise today on the back of a trading update. So what’s the story now?…

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?…

Autins – full-year results ‘anticipate improvement’, so why the share price fall?...

Acoustic and thermal insulation group Autins (AUTG) has announced results for its year ended 30th September 2021 and that it “anticipates improvement in the supply of semiconductors during the second half of 2022”, so what of a current share price response to 20p, 5% lower?…

Pelatro – “in line with expectations”… or is it?

Customer engagement software company Pelatro (PTRO) states it “is pleased to provide” a trading update, including “despite the Covid situation, we won three new customers in 2021, taking us to 22 telco customers in various countries around the world… Results for FY21 are subject to audit but are expected to be in line with expectations”. So why currently a share price response to 27p, 7% lower?…

PCF
PCF
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PCF Group – interims further highlight mess left by David Bull (now of Eight Capital Partners and Supply@ME Capital infamy) & co

Business and consumer financing group PCF (PCF) has announced results for its half-year ended 31st March 2021 (at last!), noting “statutory profit after tax of £1.0 million” and it “pleased to announce” shares suspension lifting. What then of a share price response to 15p, 38% lower than previously?…

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G4M
G4M

Gear4music – trading update, “confident” or follow the CEO?

Online musical instruments and music equipment retailer Gear4music (G4M) has made a trading update on its third quarter to 31st December 2021 emphasising “UK sales growth continued to be robust… a strong pipeline of new products, e-commerce system developments and new website features”. So why do the shares remain below 700p?…

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?…

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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”

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