Keyword results: shares bargepole

Deltex Medical – argues “a key opportunity”… but how’s the balance sheet now?

Haemodynamic monitoring technologies group Deltex Medical (DEMG) has made a “Pre-close statement”, noting that despite pandemic disruptions for the whole of the year this time, “revenues for the year ended 31 December 2021 were £2.3 million (2020: £2.4 million)” and belief that the backlog in elective surgery “represents a key opportunity for Deltex Medical as the group’s TrueVue Doppler technology can be used to help minimise patient length of stay (and associated costs) following elective surgery and hence increase capacity for hospitals”. With also a ‘next generation’ TrueVue monitor due for release later this year, why a current share price fall to 1.25p?…

DeepMatter – Christmas Eve fundraising roll-call of shame… Oh, and a revenue warning!

On Monday on ‘digital chemistry data’ group DeepMatter (DMTRas the shares fell below 0.70p I concluded hopefully our prior warnings were heeded, though still bargepole / sell. Hopefully at least that warning was heeded as now a Christmas Eve “Placing, Subscription and Open Offer”…

ITS
ITS

In The Style Group – interims emphasise “very strong revenue growth”, but that’s vanity...

Previously writing on online womenswear group In The Style (ITS), in late September with the shares down to 165p I concluded it’s still a bargepole for this AIM Awards shortlisted ‘Diversity Champion’ and ‘Best Newcomer’ (natch). Now results for its half-year ended 30th September emphasising “a period of very strong revenue growth across all channels against an exceptional prior period”… and the shares currently further down towards 90p…

FSJ
FSJ

James Fisher & Sons – “the board remains confident in the group's strategy”. Er, why the “detailed” reviews then?!

A trading update from marine service provider James Fisher & Sons (FSJ) includes that “revenue in the quarter ended 30 September 2021 was 7.6% higher than Q3 2020 and 8.7% higher than Q2 of 2021… The board now anticipates Underlying Operating Profit for the full year, before separately disclosed items, to be in the range of £27m – £32m”. So why are the shares currently, at around 530p, more than 30% lower?…

Windar Photonics – interims state “encouraging project pipeline”, so why the share price decline?...

Previously writing on Windar Photonics (WPHO), in December I concluded that I retained balance sheet concerns and still on the bargepole list. The shares rose significantly earlier this year but have since fallen significantly back again and are currently a further more than 11% lower, at 16p, on the back of half-year results the company argues show an “encouraging project pipeline”.

Seraphine – BUMP’s shareholders with a warning on trading…having only listed in July! IPO roll-call of shame...

“Trading Statement” announcement from Seraphine Group (BUMP), a maternity and nursing wear company which only listed on 16th July. Should be fine then, a mere just over 2 months since listing…

INX
INX

i-nexus Global – convertible loan notes to aid “working capital”. Er...

I-nexus Global (INX) has announced a proposal to raise up to £0.65 million (before expenses) via convertible loan notes, with this “to allow the emerging sales and pipeline momentum to be reflected within operating results and cashflow and will be applied entirely towards meeting the Company’s ongoing working capital requirements”. Is that so?…

LEK
LEK

Lekoil – “Director Loan – Update”, why don’t I think this is going to be good news?...

Describing itself as an “oil and gas exploration and production company with a focus on Nigeria and West Africa” despite having admitted principal subsidiary, Lekoil Nigeria, “has stated it will no longer fund any of the costs of the company from the cash flow generated from its producing asset, Otakikpo”, Lekoil (LEK) has now made a “Director Loan – Update-titled announcement. Now why don’t I think this is going to be good news?…

LEK
LEK
PREMIUM CONTENT

Lekoil – yet more farce as states it “is pleased to provide” an update which suggests cash crunch ahoy!

I previously wrote on supposedly “oil and gas exploration and production company with a focus on Nigeria and West Africa” Lekoil (LEK) in June, noting SHOCKER AGAIN!; from fake sheikhs to now subsidiary CEO farce… you couldn’t make it up!. That was with the company’s recent CEO Olalekan Akinyanmi having “without the prior knowledge or consent of the company, entered into an employment contract with Lekoil Nigeria Limited, to act as its Chief Executive Officer, with effect from 1 January 2021” – Lekoil Nigeria Limited supposedly being Lekoil’s principal subsidiary! Now Lekoil reckons it “is pleased to provide” a corporate & operational update…but the shares are further lower…

Subscribe to ShareProphets to access Premium Content

Abingdon Health – “BioSURE COVID-19 IgG Antibody Self Test” share price rise justified?

“Launch of BioSURE COVID-19 IgG Antibody Self Test”-titled announcement from Abingdon Health (ABDX) – and the shares currently up nearly 50%, to 45.5p, in response. Does this look justified?…

SO4
SO4

Salt Lake Potash – after update on its Lake Way project funding “anticipated to occur no later than 16 August”...

Previously writing on Salt Lake Potash (SO4), last month I concluded including “whereas trading on AIM has now resumed, “SO4’s ordinary securities will remain suspended on ASX pending an update on its Lake Way project funding that is anticipated to occur no later than 16 August 2021”. And today an “Update on ASX Suspension” announcement…

IDE
IDE

IDE Group – “Resignation of Director”…only appointed in April!

“Resignation of Director” announcement from IT services group IDE (IDE) and the shares currently more than 12% lower to 0.725p. This doesn’t sound good then…

Mirriad Advertising – trading update. Valuation bonkers?, You bet!...

Self-styled “leading in-content advertising company” Mirriad Advertising (MIRI) has made a half-year trading update including “we are effectively delivering our twin-track strategy by developing a robust global supply and demand pipeline to drive global adoption, while simultaneously moving the platform towards full integration with the media buying and ad delivery ecosystem… Total revenue increased by 27%… Closing cash at the end of June 2021 of £29.8m (June 2020: £14.4m)”. So why are the shares currently 34p, more than 19% lower in response?…

SO4
SO4
PREMIUM CONTENT

Salt Lake Potash – 7 weeks after “funds from placement and final debt drawdown”… further project funding now urgently required!

Last month Salt Lake Potash (SO4) was “pleased to announce that following receipt of funds from Tranche 1 of its recent A$28m placement… SO4 has drawn down the final US$33m tranche of its US$138m Senior Debt Facility” and on 1st July “that process plant Practical Completion… has been achieved at its Lake Way asset in Wiluna, Western Australia. Plant commissioning continues with first SOP product expected in the weeks ahead”. Today a further update and the shares currently more than halved to below 8p in response!

Subscribe to ShareProphets to access Premium Content
TCN
TCN

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

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

IDE
IDE

IDE Group – after contract win did not justify the share price response, what about full-year results?...

Previously writing on IT services group IDE (IDE), in January I concluded that a contract win did not justify the share price response to 3p. What about full-year results and the shares currently further down at 0.90p?…

TCN
TCN

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

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

TCN
TCN

Tricorn – “customer demand is steadily improving”… so why another share price slump?

Previously writing on manufacturer and specialist manipulator of pipe and tubing assemblies Tricorn Group (TCN), in November I wrote having previously concluded with the shares down to 7.5p to avoid that I retained caution with its outlook remaining uncertain. The shares last closed at 8.25p, but are currently slumping on the back of a results announcement…

Live Company Group – “pleased to announce its audited results”. It sure?...

Live events and entertainment group Live Company (LVCG) states that is “is pleased to announce its audited results for the year ended 31 December 2020”. The shares have currently responded to 4.75p, down 9.5%!…

LEK
LEK

Lekoil – SHOCKER AGAIN!; from fake sheikhs to now subsidiary CEO farce… you couldn’t make it up!

Supposedly “oil and gas exploration and production company with a focus on Nigeria and West Africa” Lekoil (LEK) seems more focused on providing followers comedy farce. After last year apparent funding agreement sheikhs turned out to be fakes, now a “Corporate Update” including that the company’s CEO until last week Olalekan Akinyanmi had “without the prior knowledge or consent of the company, entered into an employment contract with Lekoil Nigeria Limited, to act as its Chief Executive Officer, with effect from 1 January 2021”!

DeepMatter Group – 2020 results argue “extremely positive” opportunity. Er...

DeepMatter Group (DMTR), “the AIM-quoted company focusing on digitising chemistry, is pleased to announce its audited financial results for the year ended 31 December 2020”. The shares have currently responded to below 2p, er more than 7% lower, in response!…

RTC
RTC

RTC Group – share options buyback. Roll-call of greed and shame...

A month ago recruitment group RTC (RTC) stated “the board still believe that it is too early to quantify the revenues and operational profits for the full calendar year 2021”. Today an “Offer to Cancel Share Options and Share Buyback”. Hmmm…

Toople – LTIP “to encourage long-term value creation”. Er...

Toople (TOOP), which states that it “provides bespoke telecoms services for its fast growing target market of UK SMEs”, has announced a ‘long term incentive plan’ “to encourage long-term value creation for the group’s shareholders and to align the interests of the participants with shareholders”. Er…

INX
INX

i-nexus Global – latest news reinforces fundraising and management incentive concerns...

“Statement re Share Price Movement” from i-nexus Global (INX) – and the shares currently more than 20% lower, towards 12p. Uh oh…

MOS
MOS
PREMIUM CONTENT

Mobile Streams – SHOCKER following recent “Major Contract win” announcement & equity raise...

From Mobile Streams (MOS) today a “partnership with, and funding to, Quanta”-titled announcement. But an earlier this month “Major Contract win for Streams data platform” announcement emphasised a “deal… worth up to £480,000 over 4 years, with a minimum £10,000 per month for at least a year”… with Quanta, and Mobile Streams swiftly followed it with a £2.2 million equity raise. Now funding to Quanta?!…

Subscribe to ShareProphets to access Premium Content

Location Sciences – full-year results argue “to a large extent mitigated the virus' impact”. Hmmm...

Location Sciences Group (LSAI) has announced results for the 2020 calendar year including “the swift response from the management team, shifting the group’s resources to revenue growth areas and reducing costs has to a large extent mitigated the virus’ impact on the group’s operational and financial performance”. So why are the shares currently at 0.425p in response, 10.5% lower?…

B90
B90

B90 Holdings – trading restored, but financially ‘significant developments’?

With financial and reporting woes, shares in online gaming industry marketing and operating company B90 Holdings (B90), formerly Veltyco Group, were suspended a year ago. Today they have been restored to trading on AIM – and have currently responded 145% higher to 11.65p, capitalising the company at £12 million…

DeepMatter Group – “co-distribution agreement”, about that “established European network”...

DeepMatter Group (DMTR) has announced a “co-distribution agreement” it emphasises provides it “with the capability to cast a wider net in North America”. Is a current more than 13% share price rise to 2.5p on the back of it merited?…

NMCN plc – I having previously warned in December, now an intra-day “Trading Update”...

Previously writing on a further update from UK engineering and construction company NMCN plc (NMCNI concluded with the shares falling back below 250p still bargepole ahoy after previously noting a far from planned CEO ‘step down’ and a trading warning following CFO resignation and what sounded like a rush for liquidity. Now an intra-day (1:23pm) “Trading Update and Notice of Results” announcement. Why don’t I think it is going to be good?!…

Location Sciences Group – hopefully warnings here were heeded. Shares slump with “business review” now needed...

Previously writing on self-styled “leading location data insight and verification company” Location Sciences (LSAI), last year I concluded, despite the shares already significantly lower than a prior just below 1.5p, that it remains cash burn concern and on the bargepole list. Today “Trading Update and Directorate Changes”. An ominous combination?…

VLS
VLS

Velocys – “Strategy/Company/Ops Update” not nearly as ordinary as it sounds... Uh Oh!

“Strategy/Company/Ops Update”-titled announcement from sustainable fuels technology company Velocys (VLS) sounds ordinary enough… but the shares are currently 7.5p in response, more than 27% lower. The headline is bland, the news is bad. Very bad.

IDP
IDP

InnovaDerma – argues key international markets “encouraging growth”, so why are the shares slumping?...

Previously writing on UK developer of beauty, personal care and life sciences products InnovaDerma (IDP), I concluded whilst the shares are still materially lower than the around 60p of my previous update, currently remaining cautious on the financials here, I continue to avoid. The shares headed towards 85p in the summer and last closed at 65p, but are currently heading towards 50p on the back of a trading statement. So what’s happening now?…

IDE
IDE
PREMIUM CONTENT

IDE Group – emphasises “Significant Multi-Year Contract Win”, but does it justify a +287% share price response?...

“Contract Win” announcement from IT services group IDE (IDE), which includes it emphasising “under the terms of the contract the partner has committed to procure services from IDE to a value of £22.5 million over the next three years… in addition to the existing circa £5 million per annum of revenue contracted with the partner”. Does the news justify the current share response to 3p – up 287%!?…

Subscribe to ShareProphets to access Premium Content

Ironveld – a 'no one watching o’clock' day results announcement. Uh oh...

Ironveld (IRON) has today announced results for its year ended 30th June 2020, concluding “we look forward to providing further updates in the near future”. Hmmm – releasing results on largely ‘no one watching o’clock’ days such as those this week doesn’t tend to mean good news…

NMCN plc – further updates, how’s the liquidity position now?...

Previously writing on UK engineering and construction company NMCN plc (NMCN), I’ve noted a far from planned CEO ‘step down’ and a trading warning following recent CFO resignation and what sounds like a rush for liquidity. Now further updates – and the shares currently slumping in response…

MDZ
MDZ

MediaZest – “Timing of Financial Results” announcement… why a 40%+ share price rise?!

Self-styled “creative audio-visual company” MediaZest (MDZ) has made a “Timing of Financial Results” announcement and the shares are currently, at 0.06p, more than 40% higher! What’s the story?…

Windar Photonics – emphasises “particularly strong growth in the second half”… so why further share price decline?...

’Technology group that develops cost-efficient and innovative Light Detection and Ranging optimisation systems for use on electricity generating wind turbines’ Windar Photonics (WPHO) has made an “Issue of Equity & Trading Update”. This includes that second half sales are “expected to represent more than four times the value achieved in the first six months of the year and more than double the comparable period in 2019”… So why have the shares currently responded more than 4% lower, to below 11p?…

PREMIUM CONTENT

Ironveld – having argued asset “potential value many times in excess of the company's market capitalisation”… massively discounted placing & worse!...

Late March-announced results from Ironveld (IRON) included “your board remains confident that the company’s asset, containing 27 million tons of HPI, together with significant Vanadium and Titanium content, continues to demonstrate robust economics and has a potential value many times in excess of the company’s market capitalisation and balance sheet carrying value” – the market capitalisation then £2.6 million and stated net assets £21.7 million. Today a fundraising, from a £4.3 million market capitalisation with the shares having last closed at 0.65p. Surely a price competitive against that then? – and, given the stated potential value, even that unnecessarily dilutive?…

Subscribe to ShareProphets to access Premium Content
CMH
CMH
PREMIUM CONTENT

Chamberlin – contract loss, does it take the piss with taxpayer cash, is this Covid fraud? Cash crunch looms anyway

Previously writing on castings and engineering company Chamberlin (CMH), in February with the shares at 24p I noted financials & Premier Miton concerns. Today a “Trading Update”… and the shares at 9.5p, a further more than 15% lower on the back of it…

Subscribe to ShareProphets to access Premium Content
CAU
CAU
PREMIUM CONTENT

Centaur Media – follows trading update with “pleased to announce” new auditor. Hmmm...

An “Appointment of new auditor” announcement has now followed a late last month “trading update and full-year outlook” announcement from business information and specialist consultancy company Centaur Media (CAU)…

Subscribe to ShareProphets to access Premium Content

Windar Photonics – following delayed 2019 results publication, delayed interims at last published (& guess what)...

Having been apparently unable to publish its 2019 calendar year results until 6:32pm on Friday, today from LiDAR wind sensor company Windar Photonics (WPHO) delayed results for the first half of 2020, though with CEO Jørgen Korsgaard Jensen “very pleased that the company has… managed to reduce the EBITDA loss and substantially improve on operating cash flow performance”. The shares have though responded to 18p, more than 7.5% lower…

NAK
NAK

Nakama – trading update, as predicted the Fat Lady is gargling

Previously writing on “recruitment consultancy working across the UK and Asia providing recruitment and related services for the web, interactive, digital media, IT and business change sectors” Nakama Group (NAK), in September with the shares lower from 0.625p I concluded the outlook didn’t look pretty and still on the list of bargepole. Now a “Trading and corporate update”…

Amigo – I having previously questioned is new CEO going to like the regulator’s answers...

On Amigo Holdings (AMGO) last week I wrote is new CEO going to like the regulator’s answers?. Today “Asset Voluntary Requirement with the FCA announcement – and the shares currently at 9p, more than 10% lower…

INX
INX

i-nexus Global – argues moves for “working capital” & to ‘align’ management interests. Er!...

Previously writing on self-styled “a leading provider of cloud-based Strategy Execution software solutions designed for the Global 5000”, i-nexus Global (INX), last month I noted it stating it “now operating at monthly P&L break-even”, but questioned sustainable? and noted the overall balance sheet. Now “Proposed issue of £1.325 million of Fixed Rate Unsecured Convertible Redeemable Loan Notes”…

Safestay – “no change to the company's forecast cash position”, BUT...

Previously writing on branded hostels company Safestay (SSTY), with the shares at 12.5p I concluded I remain wary but if interested it looks better to wait for the likely discounted fundraising from broker Liberum. Today an “Employee Options Scheme and Hostel Closures” – and the shares currently further lower, to 11p…

Amigo Holdings – is new CEO going to like the regulator’s answers?...

An “open letter to shareholders” from recently-appointed CEO of guarantor loans company Amigo Holdings (AMGO), Gary Jennison, includes that he needs to ask the regulator “questions and listen to their answers”. But is he going to like those answers?…

PREMIUM CONTENT

Supply@ME Capital – “very pleased to appoint Crowe as our auditor”. I bet!...

Supply@ME Capital (SYME) is “very pleased to appoint Crowe as our auditor. Their size, international presence and sector awareness should complement very well the platform’s scalability plans and, accordingly, the current company cross-border expansion”. Er, a few things…

Subscribe to ShareProphets to access Premium Content
EUA
EUA
PREMIUM CONTENT

Eurasia Mining – “no new developments… beyond… interim results” (of an attempted no-one watching o’clock)...

From sub 20p at the start of this month, shares in Eurasia Mining (EUA) last closed at 37p – and today a “Statement re Share Price Movement”…

Subscribe to ShareProphets to access Premium Content

Van Elle Holdings – following “pleased to make” AGM statement, LTIP awards… for shares at 2p each!

On Monday Van Elle Holdings (VANL), “the UK’s largest ground engineering contractor”, was “pleased… operations have continued to improve… cash position remains strong at c. £12m… has a clear focus on the medium term strategy to improve the operational performance of the business, alongside developing positions for differentiation and growth with key customers in the housing, infrastructure and construction sectors” and Frank Nelson was “delighted to take over as Chairman”. Today “Director/PDMR LTIP Awards”…

PREMIUM CONTENT

Integumen & Modern Water – offer document extension required & reality biting?...

An update today that Integumen (SKIN“has sought and obtained approval from the Panel on Takeovers and Mergers to extend the deadline for publication of the Offer Document. Integumen currently expects that the Offer Document will be published by Friday 9 October”. But shares in the company currently more than 21% lower at 31.5p – and in prospective acquiree Modern Water (MWG) more than 18% lower at 3.125p?…

Subscribe to ShareProphets to access Premium Content

Biome Technologies – interims & placing shame from management & broker Allenby...

Previously writing on bioplastics and radio frequency technology company Biome Technologies (BIOM), I concluded with the shares around 160p that the RF division position and overall cash burn continued to deter, but the bioplastics momentum continued to see it remain on the watchlist. The shares last closed at 240p, but are currently back down around 160p…

NAK
NAK

Nakama Group – trading update, I having previously questioned relying on government initiatives...

Previously writing on “recruitment consultancy working across the UK and Asia providing recruitment and related services for the web, interactive, digital media, IT and business change sectors” Nakama Group (NAK), I concluded questioning should government initiatives thus really be able to support this business?! With the noted trading and financial positions, I hope the prior caution here was heeded – and natch still bargepole. Now “Update on trading and current financial position”…

MDZ
MDZ

MediaZest – results, ‘several long term roll out projects have now restarted’… so why the share price fall?...

Previously writing on “audio-visual systems integrator” to organisations, MediaZest (MDZ), as the shares rose to 0.07p I again noted the financials and suggested to beware of the recent share price movement. Now results for the 12 months ended 31st March 2020 – and the shares currently down to 0.04p…

CyanConnode – further “Director Share Purchases” and an “Investor Presentation”. Hmmm, what’s next?

Previously writing on CyanConnode (CYAN), earlier this week I concluded I retained prior caution – that of recent disappointment and the balance sheet. There has since been a further “Director Share Purchases” and an “Investor Presentation” announcement…

DeepMatter Group – argues “pleased to announce” results… so why the share price fall?

Self-styled AIM-quoted company focusing on digitising chemistry” DeepMatter Group (DMTR“is pleased to announce its unaudited interim results for the six months ended 30 June 2020”… and the shares have currently responded to 1.85p, 14% lower…

CyanConnode – emphasises “Director Share Purchases”, But...

“Director Share Purchases” announcement from CyanConnode (CYAN) – and the shares currently a further more than 5% higher in response, to 5.15p…

CyanConnode – how ‘pleasing’ is new Omnimesh order?

Self-styled “a world leader in Narrowband Radio Frequency Smart Mesh Networks”, CyanConnode (CYAN“is pleased to announce a new order for the Indian state-owned utility ‘Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Ltd’, for 350,000 Omnimesh Modules, with the majority of payments secured against a Letter of Credit”… and the shares are currently at 5p, approaching 15% higher. So what are those payments?…

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

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

EUZ
EUZ
PREMIUM CONTENT

Europa Metals – as Gary Newman recently warned… discounted placing screwing...

Shares in Europa Metals (EUZ) are currently at 13.5p, down more than 18% on the day – and you were warned on this website that this was coming by Gary Newman…

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Bidstack – interims argue “healthy cash position” & “making material progress”. Er...

Bidstack Group (BIDS) has updated including emphasising “following our oversubscribed placing in June 2020, Bidstack has a healthy cash position and is making material progress in its approach to building a strong foundation on which to grow and create value for shareholders”. Hmmm – “healthy cash position” and “making material progress” hey?…

Subscribe to ShareProphets to access Premium Content
PEN
PEN

Pennant International – after last month “continued ability to convert new opportunities and win new international business”...

Provider of technology-based training and support to the defence and regulated civilian sectors, Pennant International (PEN) previously updated last month, though a trading update for the first half of 2020 today sees the shares currently at 36p, more than 7.5% lower…

MDZ
MDZ

MediaZest – shares rising after “Project Completion” delight… but what about financials?...

Shares in self-styled “creative audio-visual company” MediaZest (MDZ) are rising again today – currently to 0.07p, with that comparing to 0.045p only a week ago. There has since been a “Project Completion” announcement…

PREMIUM CONTENT

Sensyne Health – “settles employment tribunal claim”, Red flags bingo?...

“settles employment tribunal claim” announcement from “clinical AI technology company”, Sensyne Health (SENS) including “as previously announced, Lorimer Headley, left the Board and the business on 2 March 2020. He made allegations against the CEO, Lord Drayson. The Board arranged for these allegations to be investigated by an independent law firm and they found that the allegations were not supported by the evidence”. So a favourable settlement for Lord Drayson and Sensyne then, surely?…

Subscribe to ShareProphets to access Premium Content
PHC
PHC

Plant Health Care – argues revenue growth “strong performance”, BUT...

Plant Health Care (PHC) has updated emphasising “the company’s revenue growth in the first half of 2020 is a strong performance, which demonstrates the merits of exposure to agriculture, as an essential industry” and “Covid-19 has had limited impact on the business to date”. The shares though are currently still at 9.625p, down from 15p+ in February…

Location Sciences Group – trading update, a “pre-eminent global location verification provider”?...

Previously writing on self-styled “the pre-eminent global location verification provider to the $160 billion digital advertising industry” Location Sciences Group (LSAI), in February with the shares having fallen below 1.5p I concluded cash burn concern and an around £6 million market cap see this currently remain on the bargepole list. The shares last closed at 0.475p and now a “Trading Update”…

ESC
ESC

Escape Hunt – when the ‘senior leadership team’ having barely missed out at all isn’t taking the piss enough...

“Management incentive scheme” announcement from Escape Hunt (ESC), with Chairman Richard Rose “pleased that we have put an appropriate incentive in place for our senior team which is aligned with the interests of our shareholders. In order to receive 100 per cent of the award, the team will have had to generate a compound shareholder return of 35 per cent per annum over four years. With this in mind, we are excited about the prospects for Escape Hunt and have a strong management team in place to deliver our strategy”. Hmmm!...

RMS
RMS

Remote Monitored Systems – after Friday ‘Chairman leaves, fundamentals shining through?’...

Writing on Remote Monitored Systems (RMS) on Friday as its Chairman left “effective immediately, to pursue other opportunities”I suggested forget previous cash raised to support growth of the group's core areas of business, it needed to keep the lights on and more is to be required. With that from a market cap of £1.5 million, natch bargepole / sell. That was with the shares down from a prior closing 0.28p to 0.23p...

RMS
RMS

Remote Monitored Systems – Chairman leaves, fundamentals shining through?...

Remote Monitored Systems (RMS) has updated including that it has “appointed John Richardson, a Director of GyroMetric Systems Limited, the group's 58% owned subsidiary, as Chief Operating Officer”, though also that “Nigel Burton, Non‐Executive Chairman of the company, has retired from the board, effective immediately, to pursue other opportunities”...

ESC
ESC

Escape Hunt – “delighted to announce” England venues reopening… though how many will fancy a shut-in ‘experience’?

‘Escape room experiences’ company Escape Hunt (ESC) “is delighted to announce that all eight of its venues in England will reopen on Saturday 11 July 2020” and “welcomes yesterday's announcement by the Government of further support to the sector” – and the shares have currently responded up to 7.5p...

Windar Photonics – “pleased to announce” appointment of a new broker. I wonder why...

An “Appointment of Nominated Adviser and Broker” announcement from Windar Photonics (WPHO) – I note following an ‘extension of loan’ announcement towards the end of last month...

ALT
ALT

Altitude Group – activity now increasing & “believe… has sufficient financial resources and liquidity” BUT...

Altitude Group (ALT), “the operator of the leading marketplace for personalised products”, has updated including “membership numbers are steady… with average distributor revenue increasing to c. $1m pa and aggregate member revenue of circa $2.2 Bn. Our VIP supplier partners remain unchanged at 175 from our last update” and “believe the company has sufficient financial resources and liquidity to see the business through to more normalized market conditions”. The shares are currently at 23.5p, 17.5% lower!...

ESC
ESC

Escape Hunt – open offer result, ‘well placed to resume recent positive momentum’. Really?...

“Result of the Open Offer” announcement which Escape Hunt (ESC), self-styled “a leading operator of escape rooms in the fast-growing experiential leisure sector, is pleased to announce”. The shares have though currently responded lower, further below 9p...

Windar Photonics – again “pleased to announce”... but still for how long is its cash sufficient?

“Windar Photonics plc (AIM:WPHO), the technology group that has developed a cost efficient and innovative LiDAR wind sensor for use on electricity generating wind turbines, is pleased to announce that it has renegotiated the terms of its Growth Fund borrowing from the Danish public institution, Vaekstfonden”. This following I previously concluding on Windar including Of course, “to strengthen the company's balance sheet” means ‘to currently keep the lights on’ – so I guess it is pleased in that respect! However, with the “challenging… trading conditions… conversion of the sales pipeline into confirmed orders being particularly slow”, will the new cash really be sufficient for long?...

VLS
VLS

Velocys… and there’s the necessary fundraising – at a massive discount (natch & as warned here)...

Previously writing on Velocys (VLS), last week I noted a “Trading Statement” speeding ticket with the shares falling towards 13p though still concluding since the share price compares to below 3p little more than a month ago – was the company forced to make the statement? Still however ‘opportunity’ for a necessary fundraising? – at a discount (natch) with a currently still more than £84 million market cap. Bargepole / sell. Now this ‘sustainable fuels’ technology company “is pleased to announce that… it has raised gross proceeds of £20 million… accelerates our ability to provide commercial scale turn-key solutions”...

ESC
ESC

Escape Hunt – again “pleased to announce”… but about that senior management “pay reduction”...

‘Escape rooms’ leisure company Escape Hunt (ESC) “is pleased to announce that it has launched remote versions of its most popular 5* rated escape room experiences Doctor Who: Worlds Collide and The Fourth Samurai via remote platforms” – and the shares have currently responded to 9.75p, more than 18% higher...

CyanConnode – “pleased to announce that it has now commenced shipment”, BUT...

“CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to announce that it has now commenced shipment of Omnimesh RF Modules” commences an “Update on Rollout of Indian Contract” announcement from the company – and the shares are currently above 4.5p, more than 20% higher...

VLS
VLS

Velocys – a “Trading Statement” speeding ticket...

Velocys (VLS) has updated including of “implementing procedures which have allowed the company to operate close to ‘Business as usual’ during this period. Progress has been made on all aspects of the business and all critical milestones have been met… now within reach of being able to offer a tangible solution to support decarbonisation of air travel”. The shares have currently responded towards 13p, more than 10% lower!...

Angelfish Investments – “pleased to announce”… mass dilution or bust?!

The board of Angelfish Investments (ANGP on the AQSE ‘Growth Market’) “is pleased to announce… Company Update and Proposed Director Appointment”. This with it previously - in October - “continuing to review the options to address the capital structure and will provide further updates in due course”. So now, at last, some good news then?...

MDZ
MDZ

MediaZest – “New Business Wins” spark shares… beware...

“New Business Wins” announcement from self-styled “creative audio-visual systems integrator that specialises in providing innovative marketing solutions”, MediaZest (MDZ) – and the shares currently over 40% higher in response...

EQT
EQT

EQTEC – 2019 results & new broker appointment… I wonder why?...

EQTEC (EQT) Chairman Ian Pearson is “very pleased to introduce EQTEC Group's Final Results for 2019” and the “technology solution company for waste gasification to energy projects” is also “pleased to announce” the appointment of Arden Partners as its joint broker. Hmmm...

MDZ
MDZ

MediaZest – better it does proper analysis before issuing a formal trading update!

On Monday I noted an update from MediaZest (MDZ) which had seen the shares more than 50% higher to 0.04p. At an attempted no-one watching o’clock (uh oh) 5:18pm yesterday; “Further Update re: Trading Performance”...

MDZ
MDZ

MediaZest – argues outlook positives… but are there? & what about that balance sheet?...

Self-styled “creative audio-visual systems integrator that specialises in providing innovative marketing solutions”, MediaZest (MDZ) has updated including “it is expected that the operating subsidiary, MediaZest International Limited, broke even for May”“involved in active discussions in relation to potential new client mandates over the last month, and several are expected to be won during the next 4-6 weeks” and “research and development around motion sensing technology and haptic technology… Initial reaction from potential customers for these two product lines has been encouraging” – and the shares are currently at 0.04p, more than 50% higher...

Lookers – after last week “results for 2019 are expected to be published by the end of June”...

Lookers plc (LOOK), describing itself as “one of the leading UK motor retail and aftersales service groups”, last week updated with CEO Mark Raban “pleased to have reopened our dealerships… We have used the time as the business has been closed to adapt and evolve to meet changes in consumer behaviour, not just for a post Covid environment, but also to enhance our digital offering and the trend towards electrification… There is still a lot more work to do, but we have the determination, platform and brand partnerships to take the business forward”. Today “Update on Results”… and the shares currently around 25p, approaching 20% lower...

PREMIUM CONTENT

Inspirit – Bull**** Update from the Boiler Room

AIM-listed Inspirit Energy (INSP) has today issued an Operations Update in response to my piece on Friday, when I pointed out that yet again the company had failed to file its Confirmation Statement to Companies House on time, and wondered whether the appearance of Mr Christopher Heminway on the shareholder list might presage yet more bad news for Inspirit’s lobster-potted shareholders...

Subscribe to ShareProphets to access Premium Content

CyanConnode – “pleased to announce” Indian contract approvals, BUT...

CyanConnode (CYAN) “is pleased to announce that a substantial Indian contract relating to two projects, which had been delayed, has now received the necessary approvals to resume the implementation” – and the shares have currently responded back above 3p, more than 40% higher...

NAK
NAK

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

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

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

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

MNO
MNO

Maestrano – new CFO & Non-executive Director, they need good luck?

“Maestrano Group PLC (AIM: MNO), the Artificial Intelligence platform for transport corridor analytics, is pleased to announce the appointment of Mr Nicholas McInnes as a non-executive director and Mr Robert Lojszczyk as Chief Financial Officer and an executive director”. With I having previously noted here Maestrano – another disaster IPO on the AIM casino warns againintra-day (10:36am) “Trading Update”… having listed less than a year ago, not again surely! and another intra-day “Trading Update”, not again surely!, is it good luck needed to them?!...

TWD
TWD

Trackwise Designs – acquisition & “provision of growth working capital”… or keep-the-lights on funds?...

Trackwise Designs (TWD) “is pleased to announce that it has conditionally acquired Stevenage Circuits Ltd for a total consideration of up to £2.457m… is also pleased to announce that it has conditionally raised approximately £5.87m”. Hmmm…

Lookers – results delay as “has identified potentially fraudulent transactions”. Uh oh!…

Previously writing on automotive retailer Lookers (LOOK), in November with the shares towards 40p I concluded the macro and micro level uncertainty sees my stance remain bargepole / sell. The shares previously closed at just below 37p… but are currently around 25p…

Location Sciences Group – noted “market speculation” even the reason for recent “share price movement”?...

Location Sciences Group (LSAI) reckons it “has noted the recent downward movement in its share price and market speculation surrounding the launch of Android 11 later in 2020” – the shares having been down from 1.85p on Monday to a low of 1.425p today – though also having closed at 1.225p during just last month!…

Microsaic Systems – “Global collaboration agreement” ramptastic, cash burn concerns?

Previously writing on developer of mass spectrometry instruments Microsaic Systems (MSYS) it was with the company arguing “encouraged with the progress made in the first half” but the shares down to 1.15p. They have since fallen further and today a “Global collaboration agreement with Axcend Corp”

LoopUp – “broadly in line with market expectations”… so why a further 30% share price loop down?

Previously writing on remote meetings technology group LoopUp (LOOP), in December it was trading & share price having slumped… guess what “Measures relating to 2018 and 2019 options grants” are? That was after a prior 67.5p share price close – the shares had recovered somewhat to last close at 82.5p but are currently below 60p on the back of a “Trading Update”

Staffline – litany of woe continues as CEO follows CFO, auditor & others to the exit

Recruitment and training company Staffline (STAF) has announced CEO Chris Pullen has “tendered his resignation to the board”. It seeks to reassure that he will “continue… during his notice period in order to facilitate an orderly succession and maintain business continuity”, that “the board's outlook for 2020 remains unchanged” and that it “expects to reach agreement with respect to revised terms that will remove the risk of covenant issues and ensure that the company retains sufficient liquidity headroom”. The shares are though still lower, below 45p…

ALY
ALY

Laura Ashley – able to access requisite funds? Only “should be able to” & “to meet its immediate funding requirements”!…

Laura Ashley (ALY) “is pleased to announce that discussions between Wells Fargo and MUI Asia Limited relating to the group's immediate funding requirements have concluded and the group should be able to utilise requisite funds from its working capital facility with Wells Fargo to meet its immediate funding requirements” – and the shares have currently responded to 1.90p, around 15% higher. However…

ALY
ALY

Laura Ashley – update reinforces there much to correct. Too much?

Previously writing on homeware and fashion retailer Laura Ashley (ALY), on its latest results in August I concluded there looks much to correct – and then there is of course the current general retail climate. As such, I’m not surprised to see the shares respond currently further lower. Still presently on the bargepole list. The shares had jumped over Christmas and the New Year but are currently back below 2p on a “Response to press speculation”

NAH
NAH

NAHL Group – 2019 “within the range” & “encouraged by the progress made in transforming the business”. Er!...

NAHL Group (NAH) has updated on trading including its Critical Care division “traded well”, Personal Injury division “marginally ahead of expectations”“confirms that its guidance for 2019 underlying earnings will be within the range previously announced” and “the board is encouraged by the progress made in transforming the business”. The shares have currently responded towards 50p – er, more than 45% lower!...

LightwaveRF – I having reminded just yesterday results to likely show quite desperate financial times…

Having updated on latest quarter trading yesterday and stated that it “expects shortly to release its audited final results for the year ended 30 September 2019”, now “LightwaveRF plc (LWRF), the leading smart home solutions provider, is pleased to announce its audited final results for the year ended 30 September 2019”. Didn’t it know yesterday the “shortly” was going to be today?!...

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

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

MySale – trading update, “decisive actions taken by management”… or not?

MySale (MYSL) has updated with CEO Carl Jackson emphasising “having taken some critical steps last year to restructure the group for the future, we're pleased to see our counter-seasonal offering beginning to resonate with a number of our brand partners who have relaunched on our marketplace platform over the last six months. We will continue to drive this momentum in ANZ, with our inventory light marketplace, through our new organisational structure and simplified business model, and will look to deliver further progress over the second half”. The market seems unconvinced though – the shares little changed at around 4.35p…

PREMIUM CONTENT

Ince Group – now argues its private investor screwing “an unfortunate feature of the current market conditions”. Er!...

Legal and professional services group Ince (INCE) has updated that “it has successfully completed the Bookbuild which is now closed”, with CEO Adrian Biles stating “the funds raised will ensure that the group can continue to capitalise on market opportunities, including new lateral hires. The group has recently been joined by a number of very high calibre partners and fee earners and we are on track to deliver outstanding growth. I am very pleased that so many of our existing investors and some new institutional shareholders have supported this fundraise albeit at a significant discount to the market price of the company's shares, which is an unfortunate feature of the current market conditions”. Er!…

Subscribe to ShareProphets to access Premium Content
MNO
MNO

Maestrano – “wins Advanced AI Rail Project in Japan”… but how significant?

“Maestrano wins Advanced AI Rail Project in Japan” announcement from Maestrano Group plc (MNO) – and the shares currently more than 20% higher in response, to 3.20p. Exciting news then?...

MCB
MCB

McBride – trading update & having expected ‘Household’ revenues to be flat for the year…

Previously writing on cleaning and hygiene products manufacturer McBride (MCB), in July I concluded with the shares then down a further more than 10%, below 70p, that my stance remains bargepole / sell. The company “today provides a trading update for the six months ended 31 December 2019”. Uh oh – not ‘is pleased to provide’?...

CyanConnode – “pleased to announce… formal purchase order”… but what about the balance sheet?

“New Order for Smart Metering Project in India” from CyanConnode (CYAN), and the shares are currently rising back above 3p – this after I noting last month “New Order”…or not?... And if order delays are a positive, why bother in the first place?!

MNO
MNO

Maestrano – “Contract win with major Australian rail company”… but the shares doubling?

Maestrano (MNO) “is pleased to announce” a new contract with a Government-owned statutory corporation which manages most of Australia's interstate rail network, Australian Rail Track Corporation (ARTC). The shares have currently responded… by nearly doubling to above 3p…

MOS
MOS

Mobile Streams – late-year, intra-day, “Audit Update”. Uh-oh…

AIM listed and with a 30th June year-end (so the results required by 31st December), a 23rd December - and intra-day (1:03pm) - “Audit Update” from Mobile Streams (MOS). I’m guessing this ain’t going to be good news!…

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

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

NAK
NAK

Nakama – I having previously concluded combination of factors don’t bode well, now interim results…

“AIM quoted recruitment consultancy working across UK and Asia, providing recruitment services for the web, interactive, digital media, IT and business change sectors”, Nakama (NAK) has announced results for its half-year ended 30th September 2019 commencing emphasising “Progress made towards gaining financial stability and winning new business by leveraging client relationships”. The shares are currently at 0.85p in response – approaching 30% lower!...

Windar Photonics – argues “pleased to announce”… but is it really more burying bad news on Election day?

“Windar Photonics plc (AIM:WPHO), the technology group that has developed a cost efficient and innovative LiDAR wind sensor for use on electricity generating wind turbines, is pleased to announce that it has raised £1,407,370 (before expenses) by way of a subscription… at 27.5 pence per share”

PXS
PXS

Provexis – keep the lights on placing… how much longer to prove “a clearly differentiated position”?

“Provexis (PXS), the business that develops, licenses and sells the proprietary, scientifically-proven Fruitflow® heart-health functional food ingredient, is pleased to announce it has raised a gross £301,333 via a placing”. Hmmm – sounds like ‘keep the lights on’ money…

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

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

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

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

MySale – “Board Changes”… but still a business with bad economics?

“MySale (AIM: MYSL), a leading international online retailer, is pleased to announce a number of new appointments to the board” – and the shares have responded slightly higher to a current 3.475p…

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

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

EVE
EVE
PREMIUM CONTENT

eve Sleep: Woodford dog “Change of Auditor” – why? (still less than 30 months after listing)

Eve Sleep (EVE) has announced “following a competitive audit tender process carried out by the company, the board has approved the appointment of Smith & Williamson LLP as the company's auditor for the financial year ending 31 December 2019”. The shares have currently responded slightly further lower to 2.75p – ‘further lower’ as they were approaching 14p early this year, 66p as recently as the end of June 2018 and 101p per share on May 2017 AIM listing! Almost natch, with such a record, this is also a Woodford dog...

Subscribe to ShareProphets to access Premium Content

De La Rue – “Trading Update” & “conducting a detailed review of the business”. Uh oh…

With its shares already down from 700p+ in 2017 and more than 450p as recently as May to a prior close 187p, a “Trading Update” from self-styled “the world's premier currency and authentication provider” De La Rue (DLAR)…

TWD
TWD

Trackwise Designs – another “pleased to announce” appointment of a new nomad and broker… now why might that be?

Following 21st Century Technology (C21) noted earlier, printed circuit technology products company Trackwise Designs (TWD) has also announced the appointment of a new nominated adviser and broker – this following half-year results last month…

Windar Photonics – intra-day (hmmm!) “Auditor Resignation” (uh oh!)…

An intra-day (rarely a good sign) announcement from wind turbines “light detection and ranging optimisation systems” company Windar Photonics (WPHO); “Auditor Resignation” (again rarely a good sign!)…

MOS
MOS

Mobile Streams – Nomad update… good luck on the due diligence!

Previously writing on Mobile Streams (MOS) I noted proposed AIM cancellation, hopefully our warnings were heeded. The company has since failed to gain the requisite General Meeting support for the cancellation though has also announced its nominated adviser and broker, Nplus1 Singer, has served notice – and today a “Nomad Resignation Update”

Nanoco – full-year results… what exactly is it “pleased to announce”?

“Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from its technology platform, is pleased to announce its Preliminary Results for the year ended 31 July 2019”. Hmmm – the shares are down from approaching 50p towards the start of the period and more than 40p as recently as May… to a current just above 10p!...

Microsaic Systems – argues “encouraged with the progress made in the first half”… so why are the shares slumping?

“Microsaic Systems plc (AIM: MSYS), the developer of point of need mass spectrometry instruments, is pleased to announce its unaudited interim results for the six months ended 30 June 2019”. The shares have currently responded to 1.15p – er, more than 25% lower!...

TWD
TWD

Trackwise Designs – shock profits warning - why aren't heads rolling?

On 26th June “Trackwise Designs Plc (TWD), a leading provider of specialist products using printed circuit technology” updated including it “is currently trading in line with market expectations” and emphasising “operational progress and continued growth in customer numbers”. Its today-announced results for the first half of 2019 should be decent enough then – and indeed the company “is pleased to announce” them, with the statement including “Trackwise has made solid progress against its strategic objectives in the first half of the year” and “we continue to manage the resources of the business prudently”

IKA
IKA

Ilika – after more ramptastic stuff from long-time loss-making Purdy & the bonus people… Bonus Share Options!

Writing on self-styled “pioneer in solid-state battery technology” Ilika (IKA) earlier this week I noted more ramptastic stuff from long-time loss-making Purdy & the bonus people. Now a “Bonus Share Options, Exercise of Options & TVR” announcement. Who are these ‘bonus share options’ for then?...

GMS
GMS

Gulf Marine Services – interims “will be delayed”. Uh oh…

Previously writing on Gulf Marine Services (GMS), last month I concluded including I wish that candidate luck! There should be more detail on what they face here with 11th September-scheduled half-year results. And now… “Re-scheduling Interim Results Release Date”. Uh oh – and re-scheduled to when?...

IKA
IKA

Ilika – more ramptastic stuff from long-time loss-making Purdy & the bonus people

Self-styled “pioneer in solid-state battery technology and materials innovation” Ilika (IKA) “announces the offer of a further £0.9m funding directly to Ilika under the UK Government's Faraday Battery Challenge: Innovation R&D, round three, for the 'Granite project', via the UK's innovation agency, Innovate UK… The consortium's expertise, backed by Government financial support, will allow Britain's best talent to be brought to bear, so that the UK can take the lead in this transformative technology”

ProPhotonix – RNS Reach does prove a portend; now “reviewing all funding and strategic options available”

Earlier this week I cautioned on ProPhotonix (PPIX), new laser diode ‘delight’, but it’s an RNS Reach having questioned its financial strength. Now first half of 2019 results – and the shares currently at 2.25p, approaching 30% lower…

ALT
ALT
PREMIUM CONTENT

Altitude – “revenue has not accelerated as quickly as envisaged”… so about those £2.2 million director share sales!…

Self-styled “leading provider of technology and information services to the promotional products, print and clothing industries”, Altitude Group (ALT) has updated including “growth in revenue in the US means that the US business is now self-funding and the group retains current cash resources of approximately £3.0m and has no bank borrowings” and “confident that the potential for the business is greater than originally thought”. The shares are currently at circa 60p – around 35% lower!?...

Subscribe to ShareProphets to access Premium Content

Quiz plc – AGM Trading Update, can it return to sustainable profitable growth?

An “AGM trading update” from fast fashion retailer Quiz plc (QUIZ) includes that it “has continued to benefit from sales growth through QUIZ's own websites” and “the board continues to believe that, through the strength of QUIZ's flexible business model and increasing online focus, the group can return to sustainable profitable growth in the medium term”. The shares have responded to a current circa 17p – around 8% lower…

ProPhotonix – new laser diode ‘delight’, but it’s an RNS Reach…

ProPhotonix (PPIX) is “delighted to offer this new laser diode, adding to the ever more comprehensive range of direct diode lasers available to our customers… with more than 20 years of experience in laser diode technology, ProPhotonix is well placed to support customers in identifying the best laser diode for their application”. What about financials though?...

MySale – “a leading international online retailer… pleased to announce…”. Er…

“MySale (MYSL), a leading international online retailer, is pleased to announce an open offer to raise up to approximately £2.1 million (before expenses) by the issue of 102,887,768 open offer shares in the company at an issue price of 2 pence per open offer share”. It has also just conditionally raised £11.2 million in a placing at the same price – with these after it having IPO’d on AIM just over 5 years ago… at 226p per share!…

Live Company – after prior attempted positive ‘news’, now argues “partnership represents a significant opportunity”…

Live Company Group (LVCG) Chairman David Ciclitira is “very excited to have established a long term partnership with Imagine Exhibitions, one of the world's leading creators and producers of touring shows exhibited globally. This partnership is a fantastic opportunity for both the company and Imagine Exhibitions to showcase our wide range of BRICKLIVE touring shows and bring the BRICKLIVE experience to venues in America”. Sounds promising…

Live Company – after Friday attempted no one watching o’clock announcement, “Operational Update”...

An “Operational Update” from Live Company (LVCG) commencing; “The group is pleased to announce it has now contracted 60 BRICKLIVE shows and events across the world for 2019, achieving a key milestone for the company. This was the original target set by the company for the year ending the 31 December 2019. The group will continue to work with new and existing partners to deliver further shows and events in the remaining four months of 2019.” Sounds good – but then on Friday it was intra-day (2pm) RNS. Attempted no one watching o’clock?

GMS
GMS

Gulf Marine Services – from late May “improving pipeline of opportunities” to now “disappointed to reset guidance for 2019”!

Previously writing on Gulf Marine Services (GMS), in December I noted warns but argues there will be longer-term improvement; It’s got to be around for that first though! – concluding still bargepole / sell as the shares slumped below 10p. Today a “Corporate & Board Update”

BRY
BRY

Brady – from end-May “new sales pipeline is building” to now “revenue from new customers forecasted will not materialise during fiscal 2019”!

A trading update from Brady (BRY) commences; “Brady plc (BRY.L), a leading global provider of trading, risk management and settlement solutions to the energy and commodities sectors, announces that, over the course of the first half of 2019, Brady has had positive engagements with existing customers, and the recurring revenue is in line with expectations”. The shares are currently around 35p – down more than 35% though!...

CEPS plc – on 17th June “encouraged”, now; “materially behind expectations for the six months to 30 June”!

CEPS plc (CEPS) has made an intra-day (1:07pm) “Trading Update”. I thus suspect it ain’t going to be good…

Nanoco – “broadening our efforts to seek out other potential new customers”… so still “lack of current commercial contracts” then!

Nanoco Group (NANO) has updated including “unaudited revenues of £7.3m for the year ended 31 July 2019 were more than double FY18 and slightly ahead of market consensus expectations… cash position at 31 July 2019 was £7.0m, an increase of £0.8m since 31 January 2019” and “the completion of the new Runcorn facility and the waiver of the contract liability leaves the group with a significantly expanded asset base and production capability across a wider range of market sectors”. However, the shares remain sub 12p – down from circa 40p as recently as June!

Bermele – what’s the ‘pleasing’ “progress to date” then?

Bermele (BERM), “a company formed to acquire a target company (or companies) with realisable or developed commercial technologies in the pharmaceutical and biotechnology sector, is pleased to update shareholders on its progress to date”. The market is also apparently pleased – the shares currently 40% higher to 1.75p…

MNO
MNO

Maestrano – another intra-day “Trading Update”, not again surely!...

Previously writing on Maestrano Group (MNO), in May it was intra-day (10:36am) “Trading Update”… having listed less than a year ago, not again surely!.... Now another intra-day (9:40am) such update… not again surely!...

Immotion – from July 2018 IPO “to become a leading participant in the 'Out of Home' VR experience market” to July 2019…

Immotion (IMMO) has announced “following the success of its recent VR installations into a range of high quality partners, that it has decided to focus its strategy predominantly on the roll out of its Partnership Model into high footfall locations. The visibility of higher margins and recurring revenues delivered from this model is, the directors believe, the best strategy for the group and its shareholders. To support this strategy, the company is carrying out a fundraising”

CyanConnode – “confidence that we will meet full year market expectations”. Really?...

Already down from a start of 2019 more than 9p, shares in CyanConnode (CYAN) are currently further lower below 6p despite a trading update seeing Executive Chairman John Cronin commencing “we have made solid progress during H1 2019, securing a number of follow on orders in India and Europe, which is testament to the strength of our Omnimesh technology” and concluding “the growth in India and the demand from the rest of the world gives the board confidence that we will meet full year market expectations. We look forward to reporting on such new orders in H2 2019 and delivering significant revenue growth for FY 2019”. Hmmm…

MOS
MOS

Mobile Streams – trading update, forget the potential business development opportunities!...

Mobile Streams (MOS) has updated including in Argentina “the board are now looking to renew commercial activities with previous customers” and “in Mexico, actions have been taken in order to re-launch the commercial operation with Telcel, the largest carrier in Mexico”. However…

Lookers – “extremely well positioned to take advantage of the many opportunities”… or not?

From automotive retailer Pendragon (PDG) last month, it was “Outcome of Financial & Operational Review”… as suggested, it ain’t positive!. Today a half-year trading update from peer Lookers (LOOK)…

MCB
MCB

McBride – anticipates “broadly in line with current market expectations”… so why a further more than 10% share price slide?

Previously writing on cleaning and hygiene products contract and private label manufacturer McBride (MCB), in February I concluded with the shares at circa 90p that with the net debt and the trading trends, still a bargepole / sell. Now a further trading update – and the shares currently down a further more than 10%, below 70p…

Trakm8 – talks “adjusted (loss)/ profit”. Er, what about those self-admitted “necessary” ‘capitalised development costs’?

Telematics and data insight provider, Trakm8 (TRAK) has announced results for its year ended 31st March 2019, including “sales related challenges and contract delays significantly impacted” but that “the new financial year has begun with new contract awards from two further insurance companies, with revenues already commenced” and “Fleet sales team's performance is continuing to improve, securing a higher value of contracts than the corresponding period last year with this momentum expected to continue”. The current year to be much improved then?...

FTC
FTC

Filtronic – new product “continued lack of clarity regarding future demand”… & worse...

Filtronic (FTC) “is pleased to provide the following trading update for the financial year ended 31 May 2019… Trading during the second half of the year was broadly in line with market guidance”… Hmmm; “broadly in line” tends to equate to ‘slightly behind’ – but a current sub 8p share price after an approaching 15% fall?...

VEL
VEL

Velocity Composites – interims & dispute re. board re-constitution...

“Velocity Composites plc (VEL), the leading supplier of advanced composite material kits, providing engineering value-solutions for the global aerospace industry, today announces its unaudited interim results for the six months ending 30 April 2019”. Not ‘pleased to announce’ then?...

Maistro – AIM cancellation approved. An utter litany of platitudes & shareholder value destruction...

“Maistro Plc (AIM: MAIS) announces that, at the General Meeting of the company held earlier today, all resolutions were duly passed”. But this was no ordinary General Meeting from this, the former blur Group (BLUR)…

AVN
AVN

Avanti Communications – “can look forward to a positive future”… other than some increased competition, falling capacity prices & debt issues etc!…

Avanti Communications (AVN) has announced results, with CEO Kyle Whitehill emphasising “we can look forward to a positive future. We have an enviable network of assets, demand in our coverage is growing and the actions taken in the last 12 months to re-focus the business and to bring in new commercial talent to the executive team should bring rewards in the near term”. The shares have responded… er, by remaining down at 1.625p…

SEE
SEE

Seeing Machines – “Senior Leadership Transition”. So orderly then?

“Senior Leadership Transition” announcement from computer vision technology company Seeing Machines (SEE). So orderly then? Announced intra-day at 1:03pm. Hmmm…

CAR
CAR

Carclo – “Change of results announcement date”. Rarely good news…

Previously writing on Carclo (CAR), in April I retained caution on the back of a “Year-End Trading Update”. Now a “Change of results announcement date” announcement. Rarely good news…

PEL
PEL

Paragon Entertainment – intra-day winding up petition developments

An intra-day (11:09am) “Response re: Winding up petition” announcement from Paragon Entertainment (PEL). Uh oh…

Veltyco – emphasises “premium” share subscription, BUT…

Writing earlier this month on online gaming and marketing company Veltyco (VLTY), I questioned “able to continue to meet its liabilities as they fall due”. Today a “Share Subscription” announcement…

SJH
SJH
PREMIUM CONTENT

St James House – trading update as Razzall tries to dazzall (but fails)

AIM-listed St James House (SJH) is not the investment house which gave Neil Woodford the dreaded vote of confidence – this is the old Boxhill run by Lord Razzall. It may have a swanky upmarket new name but it still looks like the disaster of old...

Subscribe to ShareProphets to access Premium Content

Toople – from less than 2 weeks ago “cash… sufficient to allow business to continue with the growth plan” to…

Writing on provider of telecom services to UK SMEs Toople (TOOP) less than two weeks ago, I questioned “cash… sufficient to allow business to continue with the growth plan”. Really?. Now an announcement; “Repayment of Debt and Private Placing”

Cellcast – already, in light of decline, “exploring all options”… ANOTHER intra-day announcement…

Previously writing on Cellcast (CLTV), it was an intra-day “Trading Statement”. Uh oh…. Now another intra-day (this time at 10:45) RNS; “Update on overseas consulting services” – why don’t I think this is going to be good news?...

MySale – previously agreed disposal completes… why the further share price decline?

“MySale Group plc (AIM: MYSL), the leading international online retailer, today announces that the transaction to sell the trade and assets of the website cocosa.co.uk… has now been completed… With this disposal complete we can accelerate our 'ANZ First' strategy, which leverages our market position in the region”. What about “leading international online retailer” though? And why, with a deal agreement announced earlier this month and the shares already down from a 226p per share June 2014 AIM IPO and approaching 40p as recently as December, now a further 10% decline to just 11p?...

TLA
TLA

TLA Worldwide – after more than 5 months of Australian business sale discussions… “discussions… continue”!

TLA Worldwide (TLA) has updated that “further to the announcement of 19 December 2018, TLA confirms that its discussions relating to the sale of its Australian business continue. In order to allow these discussions to be concluded, the period of forbearance granted by SunTrust Bank has been extended to 29 August 2019. There can be no certainty that any transaction will ultimately be forthcoming, nor can there be any certainty as to the terms of any such transaction”. Hmmm…

Toople – interims, “cash… sufficient to allow business to continue with the growth plan”. Really?...

Previously writing on provider of telecom services to UK SMEs Toople (TOOP), it was argues “tremendous progress”… but what about to that ‘positive cash flow generation’?. Today results for the company’s half-year ended 31st March 2019 argue “this has been an excellent six months for the company… Current trading is strong with another record month in April and a healthy new business pipeline… initiatives and our excellent product offering and customer service will, we believe, ultimately set us on the road to achieve our stated goal of long term future profitability”. The shares have currently responded, er, towards 0.50p – more than 7% lower…

FST
FST

Frontier Smart Technologies – “reviewing its plans” for cash mitigation. I bet it is!

Previously writing on Frontier Smart Technologies (FST), in July I concluded I suggest some consistent delivery is now needed here to re-inspire confidence and, at least before that, I avoid. Today the self-styled “pioneer in technologies for Digital Radio and Smart IoT devices… announces a trading update and revised outlook for the current financial year ending 31 December 2019”. Uh oh…

PEN
PEN

Pennant International – “potential delay” of a major contract & director spoofing

Towards the end of January Pennant International (PEN) was “pleased to announce” a £1.8 million placing at 110p per share, with the announcement including “negotiations are progressing for the award of the potential contract for which Pennant was 'down-selected' in August last year (as announced on 9 August 2018). The group still expects the award to be confirmed in the first half of 2019”. Today a “Major Programme Update”

MNO
MNO

Maestrano – intra-day (10:36am) “Trading Update”… having listed less than a year ago, not again surely!...

On 30th May 2018 Maestrano (MNO) was “delighted with the success of our AIM admission and associated capital raising” - £6 million at 15p per share, with it considering it “now well positioned to scale the business substantially” and noting “the AIM journey began when we participated in a UK Department of International Trade Fintech mission to London”. Today an intra-day (10:36am) “Trading Update”. Uh oh…

XSG
XSG
PREMIUM CONTENT

Xeros Technology – 2018 results… to be calling Neil Woodford with a ‘bring the cheque book’ AGAIN!

Self-styled developer of “disruptive water saving technologies”, Xeros (XSG) has announced 2018 results headlined “good progress towards licensing model”. Natch, with “disruptive” being bandied about here, Woodford’s also about (39.71% shareholding). “Good progress” then?...

Subscribe to ShareProphets to access Premium Content
ALY
ALY

Laura Ashley – intra-day “Notice of Results & Trading Update”. Not again!...

In 2017 I wrote on homeware and fashion retailer Laura Ashley (ALY); a 1:30pm “Notice of Results & Trading Update”. Routine, right? Er…. At 10:29am today another such announcement…

WSG
WSG

Westminster Group – contract award ‘delight’… but still balance sheet fright?

“New $3.48m USD Contract Award - Asia” announcement from Westminster Group (WSG) – with Chief Executive Peter Fowler “delighted to be able to announce this latest new contract award for large scale screening solutions, which has been secured after a prolonged period of negotiations” and the shares currently higher, towards 9p, in response. Hmmm…

CAR
CAR

Carclo – from “convinced” COO “will successfully lead the group's operations in making sustained improvements” to role “eliminated” within 2 months – and worse…

Previously writing on “manufacturer of fine tolerance injection moulded plastic parts mainly for the medical, automotive lighting and optics markets” Carclo (CAR), I concluded in January, with the shares then down to 55p, that the current result is a mess – and hopefully my prior caution was heeded. Still an avoid / sell. Now a “Year-End Trading Update” – and the shares currently down to around 20p!...

CPX
CPX

CAP-XX – trading update including “has achieved success in securing orders”… so why further share price decline?

Writing last month on self-styled “a world leader in the design and manufacture of thin, prismatic supercapacitors and energy management systems”, CAP-XX (CPX), as the shares were sliding to around 7p, I noted - despite it stating “the ongoing growth in the pipeline of major new sales projects has given the board the confidence to start examining options for expanding production capacity” - that the outlook was actually problematic and that it remains on the bargepole list. Today a “Trading Update” – and the shares currently again lower, now to around 4p!...

MOS
MOS

Mobile Streams – “to preserve and protect its remaining cash balances”. Hmmm…

Previously writing on Mobile Streams (MOS) a couple of weeks ago, I noted interims & “the directors are analyzing further financing initiatives and a cost reduction program”. I bet they are!. Today CEO Simon Buckingham emphasises “decisive cost reduction actions. This has allowed the company to preserve and protect its remaining cash balances”. Has it?...

Quiz plc – full-year trading update argues “continued expansion”. Er…

An update from fashion retail company Quiz plc (QUIZ) early last month included that it “anticipates revenues for FY 2019 to now be approximately £129.0m… now anticipates that the group's EBITDA will be approximately £4.5m”. Today a “Post-Close Trading Update” including “revenue increased by 12% to £130.9m during the financial year ended 31 March 2019 (‘FY 2019’)”. Good news then?...

MOS
MOS

Mobile Streams – interims & “the directors are analyzing further financing initiatives and a cost reduction program”. I bet they are!

Mobile Streams (MOS) has announced results for its half year ended 31st December 2018, including emphasising “the company is currently working with some of the largest carriers in the India market: Vodafone-Idea, Jio and BSNL” and “we anticipate increased performance from our relationship with the newest entrant to the Indian telecom market”. So why are the shares currently further materially lower, to 0.25p?...

Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Complete Coverage

Recent Comments

|