Keyword results: shares watchlist

Quiz plc – trading update, is it right to be ‘confident of demand supporting profitable revenue growth’?...

Omni-channel fashion company specialising in ‘occasion and dressy casual’ womenswear Quiz plc (QUIZ) states it “is pleased to announce an update on trading for the period between 1 December 2021 to 31 December 2021 and its current cash position” – and the shares have currently responded up to 16.65p, but are still down from the 17.7p when I previously wrote on them last month.

Digitalbox – further trading update, further bottom-line insight?

Previously writing on “mobile-first digital media business, which owns Entertainment Daily, The Daily Mash and The Tab” Digitalbox (DBOX), last month on the shares rising towards 10p on the back of a trading update I asked what about the bottom-line? Today a further trading update following the end of the company’s (calendar) year, so some further insight?…

SRT
SRT

SRT Marine Systems – ‘£40 million project award’… but is it?...

SRT Marine Systems (SRT) has made an announcement titled “£40 million SRT-MDA System Project Award”… and the shares have currently responded more than 10% higher to 47p. So what’s the detail?…

CRL
CRL

Creightons – interims, “better than expected success”?

Despite even last year personal care, beauty and fragrance products company Creightons (CRL) managing to announce results for its half-year to 30th September on 9th December, this year they are not announced until a ‘no-one-watching-week’ 30th December. Do they show reason for concern?…

TON
TON

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

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

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

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

Quiz plc – interims, emphasises trading positives but outlook concern?...

Omni-channel womenswear company Quiz plc (QUIZ) has announced results for its half-year ended 30th September 2021, emphasising “increased demand for the QUIZ brand contributes to revenue growth, a return to EBITDA profitability and stronger operating cash inflows”… but the shares are currently approaching 4% lower at 17.70p. So what’s the detail?…

SNX
SNX

Synectics – full-year trading update, return to profit potential?...

Previously writing on security and surveillance systems company Synectics (SNX), on its half-year results with the shares at 133.5p I reviewed the return to profit potential and concluded then just on the watchlist. Today a trading update and the shares up…but to 112.5p. What’s the latest?…

FLX
FLX

Falanx – interims, trading performance “good” enough for the valuation?

Cyber Security services group Falanx (FLX) has announced results for its half-year ended 30th September 2021 and “good trading so far in the second half of the year”. So what of a currently just slightly up 1.275p share price?…

FUL
FUL

Fulham Shore – interims, does the ‘ahead of expectations’ justify the valuation?

Franco Manca and The Real Greek restaurants company Fulham Shore (FUL) has announced results for its half-year ended 26th September 2021 and emphasises “continued buoyant current trading ahead of management’s expectations”. Sounds good…but what does it mean financially?…

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Digitalbox – trading update, what to make of circa 40% share price rise?...

Describing itself as a “mobile-first digital media business, which owns Entertainment Daily, The Daily Mash and The Tab”, Digitalbox (DBOX) has made a trading update which currently sees the shares, at approaching 10p, circa 40% higher. So what’s the story?…

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BAG
BAG

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

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

SWG
SWG

Shearwater Group – argues half-year positives, but significant second half improvement required?

Cybersecurity group Shearwater (SWG) has announced results for its half-year ended 30th September 2021, emphasising “Enhanced margins across the group and strong adjusted EBITDA growth”. So what of a share price still down from around 140p at the start of the month to just over 120p?…

IGR
IGR

IG Design – shares up on interims, so recovery potential?

Previously writing on ‘celebrations, craft, gifting, stationery and creative play products’ group IG Design (IGR), last month with the shares down to around 300p I concluded that its challenges made the valuation still look ‘challenging’. The shares are currently up today on the back of half-year results, but are 245p. So what’s the story now?…

Billington – profit warning & how confident can it be for 2022 really?...

UK structural steel and construction safety company Billington Holdings (BILN) has made a “trading update” noting current “delays in the construction industry” but “an increased degree of confidence for 2022 and beyond”. So what’s the full story?…

Best of the Best – trading update, how’s the earnings uptick potential?...

Online prize competitions company Best of the Best (BOTB) has made a trading update including that it “remains confident about the prospects for the business, both in the second half of the financial year and beyond”. Why then are the shares still around the mid 600p’s compared to 1600p as recently as August?…

TON
TON

Titon – from CEO “has settled in very well” to CEO resignation in 2 months!

Ventilation systems and window and door hardware company Titon Holdings (TON) announced in September that non-executives Bernd Ratzke and Kevin Sargeant had given notice of their intention to step down, noting that it “is going through a transitional period following the appointment of Mat Norris as CEO. Matt has settled in very well and will lead the group in the next stage of its development to drive growth in all of our businesses”. Today… “Chief Executive Officer resignation”!

System1 Group – makes trademark infringement complaint, how’s the growth story?...

Shares in marketing consultancy group System1 (SYS1) are currently lower today at 360p on the back of a “Complaint for Trademark Infringement” announcement, but are still well up from 250p before a trading update last month. So what’s the story here at present?…

Gattaca – “markets returning to growth”, so why a more than 13% share price fall?...

Engineering and Technology recruitment company Gattaca (GATC) has announced results for its year ended 31st July 2021 and that “since February we have seen the markets returning to growth across the majority of our major sectors, which has led to a candidate short market”. Why then currently a share price down 13.5% at below 180p?…

IGE
IGE

Image Scan Holdings – trading update, was share price rise in September justified?...

Previously writing on Image Scan Holdings (IGE), in September I reviewed does “Trading Update – New Orders” announcement justify 40% share price rise? – concluding with the shares at 3.35p I’d review a pre-close update scheduled for the next month and the subsequent results detail, but only on my watchlist. Today the pre-close trading update…

REACT Group – states “pleased to have delivered another period of good progress”… but it’s behind expectations!

Cleaning, hygiene and decontamination group REACT (REAT) has made a trading update following earlier this month-announced contract wins which included they “towards a return to business-as-usual for a number of our customers” and “highlights the quality and depth of work being provided by the specialist teams within the group”. The shares had subsequently maintained a 2.25p+ price…but are currently falling below 2p. Why?…

FTC
FTC

Filtronic – argues “healthy improvement… in line with internal forecasts”, but what does that mean financially?...

Previously writing on industrial communications products company Filtronic (FTC) I avoided the shares, concluding there looks some way to go to justify a £19 million+ market capitalisation and there’s also a disappointing recent years’ track record to overcome. The shares had recently led it to an above £27 million market cap, but there is currently a sharp fall back today on an AGM Statement…

BMS
BMS

Braemar Shipping Services – ‘ahead of previous guidance’. How’s the balance sheet now?

Braemar Shipping Services (BMS) has made a trading update including that it now expects full-year underlying operating profit to be 15% ahead of its previous guidance. The shares have responded up to above 263p, but is there further to go?…

NXR
NXR

Norcros – “excellent first half”… but how sustainable is this performance?

Previously writing on bathroom and kitchen products company Norcros (NXR), in February 2020 I noted a set-to-be-impacted year and avoided as the shares slid from 291p. They last closed at 290p but now a trading update sees them up to above 320p.

Shoe Zone – emphasises a “solid“ full-year, but what’s the current outlook?...

Previously writing on footwear retailer Shoe Zone (SHOE), in March with the shares at 70p I concluded that I’ll monitor the net cash generation going forward to see if it is recovering to justify that, but currently still only on the watchlist. The shares last closed at 66.5p but are currently 80p on the back of a trading update, so what’s the situation here now?…

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Hollywood Bowl – trading update, how’s the recovery here from blundering Boris impact?

The UK’s largest ten-pin bowling group Hollywood Bowl (BOWL) states it “today announces a trading update for the financial year ended 30 September 2021” and emphasises “very strong customer demand following estate reopening”. What then of a little changed share price around 243p?…

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RBG
RBG

Revolution Bars – emphasises “strong trading”, but what’s sustainable?

Revolution Bars Group (RBG) has made a trading update including that since 19th July England covid restrictions removal to 2nd October “same site sales growth of 17% when compared to the same period 2 years ago, when the business traded normally pre Covid” and “costs have continued to be well controlled resulting in good profit generation from these sales”, with the shares currently up by more than 12% to above 25p in response.

CGS
CGS

Castings - profit warning… but only for the near-term?...

“Trading Statement” from iron casting and machining company Castings (CGS) includes “the current conversion rate of forward schedules to actual sales is significantly below what we would normally expect”. How does the statement make a current share price fall to 340p look?…

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Quiz plc – full-year results, why the share price slump?...

Though still well down from my caution after it listed in 2017 (for example HERE), shares in fashion retailer Quiz plc (QUIZ) have recently been rising strongly after my most recent caution. However, the company has today announced full-year results and the shares are currently back below 20p in response, more than 20% lower. So what’s the story now?…

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Cohort – progress “good across most of the group”, But...

Technology company to defence and related markets Cohort (CHRT) has updated on trading including that it “entered the new financial year with a substantial long-term order book of £242.4m, underpinning nearly £100m (2020: £84m) of current financial year revenue, representing 64% of expected consensus revenue for the year… the order book stood at just under £300m as at 16 September 2021, with revenue cover now standing at 82%”. So what of a currently lower share price of 568p?…

XAR
XAR

Xaar – “continued strong performance with positive momentum in the business”. Really?...

Inkjet printing technology company Xaar (XAR) has announced results for the first half of 2021, emphasising “continued strong performance with positive momentum in the business”. The shares last closed at 227p, capitalising the company at £178 million, but are currently down towards 200p. So why?…

IGE
IGE

Image Scan Holdings – does “Trading Update - New Orders” announcement justify 40% share price rise?

“Trading Update – New Orders”-titled announcement from Image Scan Holdings (IGE) sees the shares in response currently, at 3.35p, 40% higher. Is this justifiable?…

Scholium Group – full-year results, a value asset play?

Collectibles group Scholium (SCHO) has announced results for its year ended 31st March 2021 emphasising “a significant and encouraging increase in online sales across Shapero Rare Books, Modern Prints and Mayfair Philatelics” and that it “is now trading profitably in the first four months of the current year”. So why a current more than 6.5% share price fall to 28.5p?…

SPE
SPE

Sopheon – interims, how valuable is its “SaaS transition”?...

Previously writing on enterprise innovation management technology and services company Sopheon (SPE), in June with the shares at 925p I concluded that with all the change, following “review”, and the current valuation, I’ll continue to monitor but on the shares currently continue to avoid. They last closed at 880p but are currently above the June price on the back of half-year results. So, what’s the story?…

RTC
RTC

RTC Group – argues “outstanding further contract award”. How ‘outstanding’?...

Shares in recruitment group RTC (RTC) are currently down 11p today to 54p – but that after a prior close of 35.5p and having commenced 2021 at 42.5p, so what’s going on?…

TPG
TPG

TP Group – following ‘business review’ recovery?, “approach from Science Group”...

Following Science Group (SAG) informing that it had acquired a 10.2% shareholding, TP Group (TPG) has noted “recent speculation and announces that it has received an approach from Science Group plc regarding a possible offer” – and Science Group has responded. With shares in TP Group currently up 33% at 5.2p, what’s the detail?…

IXI
IXI

IXICO – “successfully grown its pipeline of new opportunities”, so why are the shares further lower?...

Having been above 100p as recently as April, shares in biopharmaceutical data analytics company IXICO (IXI) are currently further lower at 72p despite a trading update including that “the company has successfully grown its pipeline of new opportunities”. So what’s going on?…

TTG
TTG

TT Electronics – interims emphasise strong “order book visibility”, what about valuation?...

Engineered electronics company TT Electronics (TTG) has announced results for the first half of 2021, emphasising “expected revenues for 2021 fully covered and order book visibility for 2022 is building nicely and ahead of where it would normally be at this stage of the year”. What of the valuation, with the shares currently up to 277p in response?…

SEEEN plc – trading update, video technology ‘huge potential’?...

Self-styled “global media and technology platform that offers proprietary AI products and solutions to harvest video moments” SEEEN plc (SEEN) has made a trading update emphasising “rapid growth of demand for relevant short form video” as it is “shifting from product development to sales and marketing”. With also the shares down from above 50p reached in May to 44p, opportunity?…

SFE
SFE

Safestyle UK – ‘ahead of expectations’…but for how long?...

Previously writing on windows and doors manufacturer and retailer Safestyle UK (SFE), in May with the shares at 62p I concluded risks saw the attempted recovery only on the watchlist. Today an update including that it now “expects 2021’s full year financial performance to be ahead of current market expectations”…but the shares currently at 57p?…

600 Group – “Trading Update and Notice of Results”, Business recovery?

Reviewing on industrial engineering company 600 Group (SIXH“loan note restructuring”, adding to business recovery? last week, I concluded with this loan notes move now announced, the results announcement could follow soon – it was 10th July in 2019 – and I’ll review again on that. Today a “Trading Update and Notice of Results”…

Bonhill – first half update, how confident ‘in line with full-year expectations’?

Self-styled “a leading B2B media business specialising in three key areas: Business Information, Events and Data & Analytics” Bonhill Group (BONH) has made a trading update including that it “is pleased to announce that trading in the period is in line with market expectations for the year ending 31 December 2021” and “market conditions continue to improve”. Why are the shares currently below 13p, compared to more than 17p reached in April?…

600 Group – “loan note restructuring”, adding to business recovery?

Industrial engineering company 600 Group (SIXH“is pleased to announce the successful restructuring of the company’s 2022 8% loan notes and associated warrants to subscribe for new ordinary shares in the company at a price of 20 pence per new ordinary share”. What’s the impact of this, with the shares up from 10.75p when I previously commented on them to a current 13.75p?…

PMP
PMP

Portmeirion trading update – what about the small matter of profitability?!

Homewares group Portmeirion (PMP) has made a trading update emphasising pleasing sales growth, including “it is particularly pleasing to see that we are achieving like-for-like sales growth over pre Covid-19 trading levels”. Why then are the shares currently slightly lower at 655p?…

QUIZ plc – trading update, how creditable is “consistent with the board's expectations”?...

“Omni-channel fashion brand” company QUIZ plc (QUIZ) has made a trading update including noting “a £13.1m increase on the revenues generated during the comparable prior year period from 1 April to 30 June 2020” – and the shares have currently responded more than 20% higher to above 12p. Does this response to an around £15 million market cap look justified?…

SCE
SCE

Surface Transforms – trading and operations update. Good news for Russ & co?

There is a “Trading and operations update” announcement today from carbon ceramic brake discs company Surface Transforms (SCE). Hopefully it’s good news as reader Russ (hi) will likely get dreadfully upset if reporting otherwise (as well as that this is not a 100+ page review of the carbon ceramic brake disc industry).

AIR
AIR

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

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

IDP
IDP

InnovaDerma – some results disappointment, but turnaround value?

Beauty, personal care and life sciences products company InnovaDerma (IDP) has made a trading statement including “despite the continued impact of COVID-19 restrictions, and the unseasonably poor weather in the UK over April and May, revenues for the year have performed broadly in line with expectations… we have made strong progress in rebuilding our gross margin”. So why then have the shares responded to 35p, more than 10% lower?…

TEG
TEG

Ten Entertainment – emphasises “strong trading since reopening”… but how sustainable?

Previously writing on UK tenpin bowling and ‘family entertainment’ centres group Ten Entertainment (TEG), in September I concluded I’ll continue to monitor for further updates…on the watchlist. With the positive vaccines news, the shares reached 200p in November and 260p+ in May. So what now, with they currently at 248p on the back of a half-year trading update?…

CHH
CHH

Churchill China – a “pleased to provide” trading update, but what’s already discounted in the share price?...

Ceramic products company Churchill China (CHH“is pleased to provide an update in relation to trading for the six months ended 30 June 2021” and the shares have currently responded further higher to 1762.5p. What’s the update and what’s discounted in the share price?…

IGP
IGP

Intercede Group – “Connect Partner Programme & Q1 Contract Wins” share price rise justified?...

“Connect Partner Programme & Q1 Contract Wins”-titled announcement from cybersecurity provider Intercede Group (IGP) sees the shares currently 13% higher at 115p. Does this response look justifiable?…

GYM
GYM

Gym Group – how “successful” the placing and likely outlook?

Gyms operator Gym Group (GYM) has announced “successful completion” of a placing raising a gross £31.2 million. How ‘successful’ is the placing and what’s the outlook from here?…

Biome Technologies – “trading update”, how “robust”?

Previously writing on bioplastics and radio frequency systems company Biome Technologies (BIOM), in April with the shares at 350p I concluded ‘assembling the drivers for growth’ and enquiries are very different to the delivery of profitable growth and the market cap here is still above £13 million. As such, at this juncture, still only on my watchlist. The shares last closed at 480p but are currently slumping back towards previous levels on the back of a trading update. So what’s happened?…

RBN
RBN

Robinson – sales growth… so why significant share price decline?...

Manufacturer of plastic and paperboard packaging Robinson (RBN) has updated on trading including “sales in the first five months of the year are 17% ahead of the same period in 2020”. So why are the shares, at 112.5p, currently approaching 20% lower?…

G4M
G4M

Gear4music – does not expect to achieve what it did last year… but share price rise?...

Online musical instruments and music equipment retailer Gear4music (G4M) has announced results for its year ended 31st March 2021 including that it “does not currently expect to achieve the same level of full year profitability during FY22 that the group achieved during FY21”, yet the shares are currently 3.5% higher at 960p. Why’s that?…

Loungers – strong recent sales, but what does the valuation already discount?...

A trading update from operator of 173 café/bar/restaurants across England and Wales under the Lounge and Cosy Club brands, Loungers plc (LGRS) includes “like for like sales over the four-week period from 17 May through to 13 June 2021 were +26.6%, using the period 20 May to 16 June 2019 as the comparator”. The stock of recovery interest?…

DIS
DIS

Distil – full-year results, further potential?

Despite covid response-related inefficiencies and challenges, alcohol drinks brands owner Distil plc (DIS) is “pleased to report another year of increased profit, revenue growth and continued investment in our brands” and the shares have currently responded up to 2.40p. Is there further potential?…

W7L
W7L

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

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

Brave Bison – ‘positioned to meet or exceed expectations’, but what are they?...

Previously writing on Brave Bison Group (BBSN), a couple of years ago I concluded negatively with the shares down towards 1.5p as it was gouged by Facebook’s new policies & no warning at the time (why not?!). Today an AGM Statement” sees the shares currently approaching 8% higher on the day. So what’s the story now?…

SFE
SFE

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

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

PHSC – trading update & share buyback, 20%+ share price rise merited?...

Shares in PHSC plc (PHSC), a “provider of health, safety, hygiene and environmental consultancy services and security solutions”, are currently more than 20% higher today at 17p on the back of “Trading Update” and “Commencement of Share Buyback Programme” announcements. Of investment interest?…

SmartSpace Software – full-year results, ‘clear potential’?

SmartSpace Software (SMRT) has announced results for its year ended 31st January 2021, emphasising “pleased to report a year of good progress for the group in its transition to a cloud-based SaaS business” and “positive momentum continued post year end”. What then of the shares currently slightly lower to 142.5p?…

H C Slingsby – sales growth… but another inflation warning?

Industrial and commercial equipment company H C Slingsby (SLNG) has announced results for 2020 including “sales of £21.8m (2019: £19.6m)… profit before taxation and exceptional items of £1.1m (2019: £0.2m)”. Does this justify a current approaching 15% share price rise to 270p?…

XAR
XAR

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

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

TST
TST

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

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

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

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

W7L
W7L

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

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

DIS
DIS

Distil – full-year trading update, how positive is the outlook?...

Previously writing on alcohol drinks brands company Distil (DISI noted I’d want to see sustained meaningful positive impact from the ‘up-weighted marketing investment’ to reconsider my cautious stance. What then from a now “pleased to provide” trading update for its year ended 31st March 2021?…

CNC
CNC

Concurrent Technologies – record revenue & record order book… and share price decline?

Designer and manufacturer of computer boards for particularly the defence and telecommunications industries, Concurrent Technologies (CNC) has announced 2020 results, noting “record revenue for the year of £21.14m (2019: £19.38m)” and a “record order book, which has seen a substantial increase during the first quarter of 2021”. Why then have the shares currently responded to below 100p, more than 7% lower?…

SNX
SNX

Synectics – “secures major City of London project”. Recovery potential?

“secures major City of London project”-titled announcement from security and surveillance systems company Synectics (SNX) and the shares currently up 11% in response, to 150p. Justified?…

GMS
GMS

Gulf Marine Services – “as the numbers demonstrate… in a strong position”. Hmmm...

Previously writing on Gulf Marine Services (GMS), in November with the shares at 7.9p I concluded negatively with its debt mountain and uncertainty. The shares last closed at 5.85p but are currently above 7p on the back of news that the company emphasises represents “A New Dawn”…

Hollywood Bowl – less than 3 months after emphasising “strong balance sheet”, discounted placing?...

The 14th December 2020-announced results from ten-pin bowling group Hollywood Bowl (BOWL) emphasised “strong balance sheet… liquidity of £31.8m” and included that “the directors are satisfied that the group has adequate resources to continue in operation for the foreseeable future, a period of at least 12 months from the date of this report”. It now announces “successful completion of the placing… at a price of 230 pence per placing share, raising gross proceeds of approximately £30.0 million”. Hmmm…

SmartSpace Software – trading update, “investors can now clearly see the potential of SmartSpace”… they can’t!

SmartSpace Software (SMRT) has made a trading update for its year ended 31st January 2021 including emphasising SaaS revenues up by 73% year-on-year and annual recurring revenue +60% along with “there are frequent articles in the media on Covid-safe workplaces, hybrid working and returning to the office and this is reflected in our sales enquiries as we offer solutions to help our clients manage this transition”. So why are the shares currently around 130p, 6% lower?…

BAR
BAR

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

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

Nichols – 2020 results, just how “resilient” the financial performance?...

Previously writing on soft drinks company Nichols (NICL), in January I reviewed share price decline towards 1150p despite it arguing Vimto & International business positives – concluding I monitored on the watchlist but to avoid the shares. Today results for the 2020 calendar year emphasising “Resilient financial performance despite challenging trading conditions”, but the shares further lower at 1100p?…

W7L
W7L

Warpaint London – a “pleased to announce” contract renewal. One director particularly pleased?...

Specialist supplier of colour cosmetics and owner of the W7 and Technic brands, Warpaint London (W7L) “is pleased to announce that the contract with Ward & Hagon, has been renewed for a further 12 months”. I bet one Warpaint London director is particularly pleased…

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

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

TND
TND

Tandem Group – trading update, sustainable growth or not?...

Sports, leisure and mobility equipment group Tandem (TND) has made a trading update including that “unaudited group revenue for the full year was approximately £37.1 million” and “revenue to the end of January 2021 was approximately 75% ahead of the same period last year”. So what of a now 545p share price, £27.5 million market cap, it is up to?…

CTG
CTG

Christie Group – shares rising on trading update, but recovery value?...

“Post close trading update” from professional business services group Christie (CTG) and the shares currently, at 95.5p, approaching 10% higher in response. Is there recovery value?…

Biome Technologies – emphasises bioplastics “strong annual revenue growth”… so why share price decline?...

A trading update from Biome Technologies (BIOM) includes “strong annual revenue growth of 65% in the Bioplastics”. So why are the shares in response, at around 210p, more than 4.5% lower?…

SPE
SPE

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

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

IQG
IQG

IQGeo – “pleased to announce a significant new contract”… how significant?...

Geospatial software group IQGeo (IQG“is pleased to announce a significant new contract for software and services with a major tier 1 Canadian telecoms network operator” – and the shares have responded higher to above 82p and comparing with a start of the year below 60p. Is this justified?…

UNG
UNG

Universe Group – trading update, what’s happened to the “revenue pipeline for the second half of £12.5 million”?

A trading update from retail management, payment and loyalty systems group Universe (UNG) includes “revenue for the second half of the year is expected to be in line with that of the first half… the company still expects to report a modest level of adjusted EBITDA profitability for the full year” and that it “has a strong financial position”. So why an approaching 12% share price fall, to 3.75p, on the back of the update?…

RBG
RBG
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Revolution Bars – results & joins the heroic Tim Martin re. “nothing short of scandalous” government actions...

Revolution Bars Group (RBG) has announced full-year results and, in line with the heroic Tim Martin of J D Wetherspoon, hit out at “nothing short of scandalous” government actions…

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SAA
SAA
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M&C Saatchi – is it working?, Is it set to be in the future?

M&C Saatchi (SAA) has updated including; “There is no change to the group’s 2019 previously announced profit, and there are no further adjustments to prior period headline profit beyond those reported in the preliminary unaudited financial statements published on 30 September 2020. An additional non-cash, non-headline prior year adjustment of £2.8m relating to 2017 and prior periods is reported” – and the shares, already up from below 30p in April, are currently at 80p, approaching 40% higher. Hmmm…

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Nichols – trading update, more blundering Boris & co impact...

Soft drinks company Nichols (NICL) has updated including “strong further growth achieved by the Vimto brand in the UK and a good performance in the group’s International business”. The shares are though currently 1145p, approaching 5% lower…

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

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

W7L
W7L

Warpaint London – “expanded distribution… underpins the board's expectations”, but what are they?!...

“Warpaint London plc (W7L), the specialist supplier of colour cosmetics and owner of the W7 and Technic brands is pleased to announce an update on the sales of the group’s products in Tesco and Wilko stores, together with details of a change of board role”. The shares have responded higher, to currently 69p – though that still comparing to more than 80p at the end of February…

RBG
RBG

Revolution Bars – with government “often illogical, inappropriate and disproportionate response to the coronavirus pandemic”...

Revolution Bars Group (RBG) has updated the markets with news including that a CVA successfully approved” – and the shares have responded to 17.2p, a £21.5 million market cap, 7.5% higher…

AUK
AUK

Aukett Swanke – trading statement it’s “pleased to provide”… so why further share price decline?...

Aukett Swanke (AUK), “the international group of architects, interior designers and associated engineers is pleased to provide the following update in respect of the financial year ended 30 September 2020”. However, on a big up day for the markets, these shares are more than 4% lower at 1.15p, a below £2 million market cap…

OTB
OTB

On the Beach Group – another laudable update, But...

Previously writing on self-styled “the UK’s leading online retailer of beach holidays” On the Beach Group (OTB), in April I noted a laudable update but questioned whether the share price response was merited. Today a further trading update – and the shares currently again higher on its back…

TheWorks – trading update, “demonstrating the appeal of The Works' proposition”?

“Half-year trading update” from value retailer of gifts, arts, crafts, toys, books and stationery, TheWorks.co.uk (WRKS) – and the shares currently at around 21p, more than 25% higher…

XAR
XAR

Xaar – “Update on cyber security incident”, trading progress?

Previously writing on inkjet printing technology company Xaar (XAR), last month I noted following recent results share price recovery, “cyber security incident”. Now an “Update on cyber security incident”…

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

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

IGE
IGE

Image Scan Holdings – trading update, to emerge from the pandemic well-placed for the future?...

Previously writing on X-ray screening systems to the security and industrial inspection markets company Image Scan Holdings (IGE), in July with the shares at 2.65p I noted “delighted to announce” partnership programme… but a 55%+ share price rise?. The shares have since fallen back but, on the back of a trading update, are today up despite stock markets being down…

TRI
TRI

Trifast – trading “slightly ahead” of its base case assumptions… so why further share price decline?...

Trifast (TRI) has updated that it “is pleased to report that trading… has continued to be slightly ahead of our FY2021 base case assumptions” and “we have a robust balance sheet and are actively pursuing commercial, operational and strategic initiatives that, despite the necessary COVID-19 related caution, will allow us to take advantage of the significant growth opportunities we see”. However, and despite already being down from above 190p in February, the shares are currently slightly further lower below 120p…

TPG
TPG

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

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

AEO
AEO

Aeorema Communications – results, how’s the expansion of virtual events & more?...

Previously writing on live events agency Aeorema Communications (AEO), I concluded still on the watchlist – and now results for its year ended 30th June 2020…

STM
STM

STM Group – ‘trading update’, “Covid-19… more difficult backdrop”. Uh oh...

Previously writing last year on group which “specialises in the administration of client assets in relation to retirement, estate and succession planning and wealth structuring”, STM (STMI commenced that I’d previously written in late 2017, concluding, with the shares having been recovering back above 40p, that with uncertainty together with the tardiness of its announcements, if I owned I’d currently sell and await further developments and concluded, with the shares then around 32p, that I wasn’t confident in the outlook and retained previous caution. Today a “Trading Update” – and the shares currently below 30p, more than 15% lower on the back of it…

Scapa – emphasises “track ahead of its COVID plan”… but how demanding is the plan?...

Industrial and healthcare products group Scapa (SCPA) has updated including “track ahead of its COVID plan… put the group on a solid foundation as it enters FY21 H2” – and the shares have currently responded to 132.6p, 7.5% higher…

XAR
XAR
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Xaar – following recent results share price recovery, “cyber security incident”...

Share price recovery in inkjet printing technology company Xaar (XAR) has taken a hit today with “Notice of cyber security incident”, after having been accelerating post end of last month-announced half-year results…

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The money raising saga at Saga

Last month I wrote about the insurance and travel name Saga (SAGAand its announced money raising, with money being tapped from the new non-executive chair (at a premium!) as well as existing shareholders and the market. At the link, I called it ‘ten out of ten for commitment’ and on Friday we had the results of the money raising…

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AIR
AIR

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

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

KCT
KCT

Kin and Carta – trading update, how’s the market's “need” for its digital capabilities now?...

Digital-focused consulting, software engineering and marketing company Kin and Carta (KCT) now “expect revenue and profits for the financial year to be slightly ahead of the expectations provided in our July update” and “early signs of improvement in client activity, pipeline and continued traction with our strategic partners give us confidence in the company’s future prospects”. Sounds encouraging… though, of course, it depends on what the expectations were…

AEO
AEO

Aeorema Communications – “Business Update - Expansion of Virtual Events” & more...

Live events agency Aeorema Communications (AEO) has updated including “successfully expanded its virtual and hybrid events offering” and “an encouraging number of multi-national blue-chip client wins seen in 2020 so far”

Madness
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Leisure sector blundering Boris impact further update...

I updated on leisure sector blundering Boris impact last month HERE and note an announcement from one of those companies today…

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Cake Box – trading update & more...

Franchise cakes retailer Cake Box Holdings (CBOX) has updated including “by 1 June 2020, 131 of the 133 stores had reopened, offering a limited menu of products. In the last three months, since the reopening of the estate, trading has been very strong, with like-for-like sales growth of c.14.1% in franchise stores. Online sales continue to grow, up c.74% compared to the previous year three-month period” and a “decision to pay a special dividend of the same amount as the final dividend (3.2p per share) for the year ending 31 March 2020 that was withdrawn on 14 April” – and the shares have currently responded to above 180p, more than 5% higher…

TND
TND

Tandem Group – trading update, a different approach to shareholders?...

“Designers, developers, distributors and retailers of sports, leisure and mobility equipment”, Tandem Group (TND) has updated including “turnover and profit before and after tax for the 6 months to 30 June 2020 are expected to be ahead of the prior year” – and the shares have currently responded higher to 380p…

SAA
SAA

M&C Saatchi – argues ‘trading profitably’, but further results delay...

Marketing company M&C Saatchi (SAA) has updated commencing that it is “pleased to announce that the group has continued to trade well and profitably in the opening few weeks of the second half of 2020. New business remains strong” – and the shares are currently at 64.4p, more than 5.5% higher…

Madness

Leisure sector blundering Boris impact update...

I wrote on leisure sector blundering Boris impact a couple of weeks ago, concluding on cinema group Everyman Media (EMAN) at least a number of its venues are open and on it, and with in England bowling alleys, for example, to remain shut, on Hollywood Bowl (BOWL), that I continued to avoid. Now though further relaxation of restrictions are set to go ahead tomorrow..

WGB
WGB

Walker Greenbank – “Half Year Trading Update”, recovery underway?...

Interior furnishings company Walker Greenbank (WGB) has updated including noting “recovery in the business at the half year end with the improving trend continuing month on month”. The shares have though currently responded to 45p, a few percent lower…

FUL
FUL

Fulham Shore – trading, bank facilities & placing news… and a more than 10% share price rise?...

Franco Manca pizza and The Real Greek eastern Mediterranean restaurants group Fulham Shore (FUL) has updated on trading and announced a placing… and the shares are currently at 6.75p, more than 10% higher…

CPC
CPC

City Pub Group – argues “encouraging performance”, how so?...

City Pub Group (CPC), which “owns and operates a predominately freehold estate of 48 wet-led pubs in London, Southern England and Wales”, has updated including “we are pleased with our encouraging performance to date since reopening… Stand out performances have been delivered by a number of our pubs, such as the Hoste, North Norfolk, which is benefitting from a significant increase in domestic tourism” – and the shares have currently responded to 71.5p, though that less than 3% higher…

RPS
RPS

RPS Group – argues “Diversified and resilient global offering will enable a return to sustainable growth in FY-2021”… Will it & what about H2-2020?...

Previously writing on property, energy, transport, water, defence and government services & resources professional services group RPS (RPS), it was in late March with the shares falling towards 40p. Given the stock market recovery since, how’s the shares – and trading, following a second quarter update today?...

Gattaca – trading “stronger” than initial lock-down expectations… but how strong were they?...

“Full Year Trading Update” from self-styled “the UK's leading specialist Engineering and Technology recruitment business”, Gattaca (GATC) – and the shares currently at around 50p in response, circa 14% higher...

LoopUp – “expect to exceed market expectations”… but how sustainable?...

“Premium remote meetings” technology group LoopUp (LOOP) has updated emphasising ‘pleasing’ performance, with “the large-scale migration towards working from home associated with Covid-19”...

TMG
TMG

Mission Group – “Trading Statement”, why are the shares lower (other than for describing itself as “the alternative group for ambitious brands”)?...

“MISSION (AIM: TMG), the alternative group for ambitious brands, today provides the following trading update for the six months ended 30 June 2020” – and, despite this emphasising “robust trading performance in challenging market conditions, ahead of our initial projections at the outset of the pandemic… net bank debt significantly reduced during the period”, the shares are currently, at 61.5p, more than 3% lower. I’d mark this marketing group down just for uselessly describing itself as “the alternative group for ambitious brands”, but why else has it been marked down?...

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

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

COM
COM

Comptoir – restaurant re-opening plans another reminder of sector and its landlords challenges...

Comptoir (COM), the Lebanese and Eastern Mediterranean restaurants group with 30 restaurants including 6 franchised sites, has updated “re: Restaurant Reopenings” – and the shares have currently responded to 4.20p, approaching 10% lower...

CloudCoCo – shares soar on interims, “seeing benefits from the hard work done”?

“CloudCoCo (AIM: CLCO), a UK provider of IT and communications solutions to businesses and public sector organisations, announces its unaudited interim results for the six months ended 31 March 2020” – and the shares have currently responded to 1.40p, 87% higher...

SNX
SNX

Synectics – “Major Contract Win”… but overall recovery?

“Major Contract Win” announcement from security and surveillance systems company Synectics (SNX) – and the shares currently up to 109p in response...

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Cake Box – results see it emphasise ‘confident in prospects’… but already in the valuation?

Having IPO’d in 2018 at 108p per share emphasising “a franchise retailer of cakes… specialises in making high quality, individually-crafted and personalised fresh cream cakes”, Cake Box Holdings (CBOX) has now announced results for its year ended 31st March 2020 – and the shares have currently responded to 161.5p...

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TND
TND

Tandem Group – dispute with a shareholder “with regret that we feel compelled to use our time”… Er – but, again, you’re a listed company!...

In February I wrote Tandem Group (TND) – updates including to let team “get on with it”. Er – but you’re a listed company!, concluding including that with being a listed company comes greater external scrutiny and if not liked, the option is always there to try to take the company private. If unable to... tough. Now the company announces “a statement is tomorrow being posted by the company to shareholders from one of its shareholders”...

AMO
AMO

Amino Technologies – trading update, further share price potential?

On a previous update from Amino Technologies (AMO), I concluded that the shares remained on the watchlist. It has now made another trading update...

XAR
XAR

Xaar – how’s progress on the “strategy to return the business to profitability and growth”?

“Trading Statement” from Xaar (XAR) including “overall trading in the first four months of the new financial year has been in line with the expectation we established before the Covid-19 outbreak”… but the shares have responded currently approaching 5% lower towards 60p...

TND
TND

Tandem Group – “bicycle sales have been materially higher”… so why are the shares lower?...

“Trading Update and AGM arrangements” announcement from “designers, developers, distributors and retailers of sports, leisure and mobility equipment” Tandem Group (TND) includes “bicycle sales have been materially higher with year to date revenue 77% ahead of the prior year and the forward order book significantly higher than last year to date”… and the shares have currently responded to 250p, er approaching 4% lower!...

NBB
NBB

Norman Broadbent – a “pleased to provide” update on year-to-date trading?

Previously writing on “board & leadership search, senior interim management, research & insight, leadership consulting & assessment, and executive-level talent solutions”-offering Norman Broadbent (NBB), I concluded with the shares towards 13p Not an ideal position for just reducing losses and continuing ‘investment in talent’ then! Currently, an avoid / sell. The shares have recently been below 6p, but are currently up on a “Trading Update”...

ZYT
ZYT
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Zytronic – “difficult and unprecedented circumstances”… but potential value?

Zytronic (ZYT), a manufacturer of products for electronic displays, has announced results for its half-year ended 31st March 2020, with hopes including “our growth markets within the APAC countries where the pandemic has had the earliest effects will hopefully return to normality quicker than others”. A still little more than 100p share price though compares to 250p hit early in 2020...

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McColl's – “Directorate Change”, building foundations for success?...

“Directorate Change” announcement from McColl's Retail Group (MCLS)… “Robbie Bell has informed the board of his decision to step down as Chief Financial Officer and from the board”...

HFD
HFD
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Halfords suggests I am not the only one getting on my bike

My views on Halfords (HFD), the 'retailer of car parts, car enhancement, tools, camping and touring equipment and bicycles', have evolved over the last year or so. I started off overtly bearish, though last time - back in mid-January - I concluded that I needed to do a site visit after observing that I was quite impressed by the progress and implied customer affinity exhibited by key divisions including cycling and the autocentres. Today's update kicks this on a stage further...

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Hotel Chocolat is still reaping the benefits of panicking early...

Five weeks ago I wrote that premium chocolate retailer Hotel Chocolat (HOTC) made its own luck with the timing and magnitude of a money raising, observing that 'I have no idea how the numbers shorter-term for Hotel Chocolat will work out but I have to say on the basis that if you want to panic, it is best to panic early, it gets five stars from me'. You can see the impact. The company raised money at 225p and - admittedly aided by some recovery in the financial markets - today the shares are trading about a quid higher. Well done to all those who subscribed. Meanwhile, the company gave a trading update this morning...

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G4M
G4M

Gear4music – updates including “high demand we have encountered since late March”...

Gear4music (G4M), “the largest UK based online retailer of musical instruments and music equipment”, has updated on trading – and the shares have responded 11% higher to 277.5p...

SNX
SNX

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

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

AFX
AFX

Alpha FX – following trading warning & placing, “Directorate Change”...

“Directorate Change” announcement from Alpha FX (AFX) – it following recently both a trading warning and a placing...

AFX
AFX

Alpha FX – placing… for growth ‘investment’ or to ‘bolster’ cash position?

Alpha FX (AFX) “is pleased to confirm… the group has raised a total of £20 million… at 680 pence per share” – this after the shares had last closed at 695p and an update last week from the company having included “the group has built a strong cash and liquidity position since inception and had a very healthy cash position going into this crisis, with net assets increasing by 18% to £57.6m in FY2019 and significant excess cash which it was yet to deploy”...

AIR
AIR
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Air Partner – a currently very rare “well ahead of both budget and the prior year”...

Aircraft charter and aviation safety & security consulting and training company Air Partner (AIR) has updated including “the unaudited management accounts for February and the flash report for March show that each month generated profits well ahead of both budget and the prior year. The current indication is that the group has delivered around £2.4m of underlying profit before tax in the first two months of the year” – and the shares have currently responded above 50p, up from sub 20p as recently as early last week…

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MCB
MCB

McBride – “order levels across most regions increase for a range of products”… but...

Previously writing on McBride (MCB), in January with the shares at 67p I concluded the noted performance and current trading and strategic uncertainty sees me retain the stance of bargepole / sell. The shares closed yesterday at 59p – and now from this company which describes itself as “the leading European manufacturer and supplier of Contract Manufactured and Private Label products for the domestic Household and professional cleaning and hygiene markets”, a “COVID-19 Update”

WGB
WGB

Walker Greenbank – shares further down on “Covid-19 Update”...

Shares in Walker Greenbank (WGB) are down from 77.5p on my previous update last month and now from this interior furnishings company a “Covid-19 Update” which sees the shares currently towards 30p, a further approaching 10% lower on the back of the announcement…

AEO
AEO

Aeorema Communications – interims, still a possible pick for recovery?

Previously writing on Aeorema Communications (AEO) – Cannes Lions festival postponement sees loss now anticipated…, I concluded the shares have currently responded further lower towards 16p, capitalising the company at circa £1.5 million. There will be further detail with half-year results due by the end of this month, but still currently a possible pick for recovery and on the watchlist. Now those results have been announced…

DTG
DTG

Dart Group – after a “Trading Update” announcement last week, at some 4:56pm another...

I commented on leisure travel and distribution & logistics group Dart (DTG) last week on the back of a trading update, concluding with the shares then approaching 1050p there looks optimism for the longer-term… However, with there looking clear potential for bookings to further deteriorate, it may still be too early for a recovery buy at this juncture. On my watchlist. At 4:56pm yesterday (if not possible earlier, why not at a usual 7am today?), another “Trading Update”

Everyman Media – to closes its cinemas “until further notice”, argues “does not change the board's confidence in… proposition over the long term”...

A 12pm “COVID-19 update” from cinema group Everyman Media (EMAN) includes “trading over recent days has been impacted by COVID-19 and the delay of major movie releases” and now, “following guidance provided by the UK government yesterday, the board of Everyman has taken the decision to close its venues to guests until further notice”

DTG
DTG

Dart Group – trading update, a recovery buy?

Leisure travel and distribution & logistics group, Dart (DTG) has updated including that it “expects group profit before foreign exchange revaluation & taxation (excluding any impact of hedge ineffectiveness) for the financial year ending 31 March 2020 to be significantly ahead of current market expectations”. The shares have currently responded higher towards 1050p, but remain down from approaching 1950p last month…

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

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

Strix – “Statement Regarding Current Situation in China”… how reassuring?

“Statement Regarding Current Situation in China” from domestic appliances, primarily kettles, safety controls group Strix (KETL) – and the shares have currently responded to 190p, 10.5% higher…

FLO
FLO

Flowtech Fluidpower – how confident can it really be of a return to growth in the second half & in 2021?

Previously writing on technical fluid power products company Flowtech Fluidpower (FLO), I noted indeed it wasn’t set for “another year of solid progress”! on a trading update for the year to 31st December 2019 as the shares fell towards 100p. They have fallen further since but are currently recovering above 100p on a “2019 Trading update & restructuring activities”. Hmmm – haven’t we already had this?...

Filta Group – set for “a much-improved performance in 2020”?

Filta Group (FLTA) has updated emphasising new franchises, cost savings and “new scheduling software introduced in 2019 is now delivering improvements in productivity” – and the shares have currently responded towards 170p, circa 20% higher…

XPD
XPD

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

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

UP Global Sourcing – set for profitability in line with market expectations… or not?

“Trading Update and Notice of Results” from value-focused consumer goods” company UP Global Sourcing (UPGS). Particularly pertinent as “the majority of the group's manufacturing is based in China”

Biome Technologies – emphaises substantial bioplastics growth, BUT…

Previously writing on bioplastics and radio frequency technology company Biome Technologies (BIOM), I concluded on its third quarter trading update with the shares at 285p that it’s forget “being closer” to £4 million than £7 million, it’s just “in line” with £4 million – and even that requiring smooth delivery… for now certainly continue to avoid. That referred to radio frequency technology division revenue and now… “Trading statement and Board change”

Pelatro – argues “in line with its expectations”… but that any real achievement?

Self-styled “multichannel marketing hub software specialist” Pelatro (PTRO) has updated on 2019 that it “expects to report revenue and adjusted EBITDA for the year in line with its expectations” and that it “continues to show strong commercial momentum, evidenced by recent contract wins, and now has 19 customers with fully operational software, of which 5 were won in 2019… The group's pipeline remains strong at about $16m of which about $6m is from existing customers”. The shares have currently responded to 67.5p, 9% higher…

FLO
FLO

Flowtech Fluidpower – indeed it wasn’t set for “another year of solid progress”!

Previously writing on technical fluid power products company Flowtech Fluidpower (FLO), despite house broker finnCap looking for a full-year underlying pre-tax profit rising above £12 million, generating earnings per share of 16.5p – up from 2018’s 14.7p, I noted concern regarding the ability to deliver “another year of solid progress”. Now “Trading Update - for the year to 31 December 2019” commencing; “Market conditions in the second half of 2019, in particular the final quarter, have been challenging”. Uh oh…

Goodwin – interims... but I thought “the group has never before been in such a favourable position”?!

Previously writing on mechanical and refractory engineering company Goodwin (GDWN), in July 2018 with the shares at 2300p I concluded if looking for a solid business with exposure to potential oil and gas industry recovery this still looks a good bet. The shares were recently above 3600p, but are currently back below 3000p on the back of half-year results…

CEPS plc – election results day, intra-day “CemTeal Limited & associated subsidiaries Update”. Uh oh…

On election results day, an intra-day (11:58am) “CemTeal Limited & associated subsidiaries Update” from CEPS plc (CEPS). Uh oh…

HSP
HSP

Hargreaves Services – updates underlying profit ahead… but being just eked out?

Shares in Hargreaves Services (HSP) have retained recent strength on the back of a “Pre-Close Trading Update” including “group underlying operating profit for the first half is expected to be slightly ahead of that reported for the six months ended 30 November 2018”

IGE
IGE

Image Scan Holdings – “disappointing to be reporting a decline in sales and profits”… so why the share price rise?

X-ray screening systems company Image Scan Holdings (IGE) was previously featured on this website last month; bank a more than 100%, less than four week gain. Enjoy!. Now results for its year ended 30th September 2019…

Pelatro – “pleased to announce… fall short of expectations for the full year”?...

“Pelatro Plc (AIM: PTRO), the global Multichannel Marketing Hub software specialist, is pleased to announce a significant contract win and an update on trading” – and the shares are currently circa 30% higher, at above 50p, in response – should be all good then…

BAR
BAR

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

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

IDP
IDP

InnovaDerma – reasons for “excellent progress” share price fall clearer?...

Earlier this week I reviewed on InnovaDerma (IDP) argues “excellent progress”… so why a further 8%+ share price fall?. That was to 72.5p. Yesterday afternoon saw “Directorate Change” and shareholdings announcements – and the shares are currently around 60p…

IDP
IDP

InnovaDerma – argues “excellent progress”… so why a further 8%+ share price fall?

InnovaDerma (IDP) has updated including “strong performances across our topical brands and Prolong… Skinny Tan will benefit from a full-year's contribution from its ranging in 1,300 Boots' stores and continued innovation during this financial year. Boots has also increased shelving for Roots… For the first four months of the new financial year, revenues were 38% higher compared with the same period last year”. Having started 2019 rising above 90p, the shares are though currently a further more than 8% lower on the day at 72.5p. Hmmm…

Photo-Me – “overall group trading has been in line with expectations”… so why further share price decline?

Photobooth, laundry and other vending equipment group Photo-Me International (PHTM) has updated that “trading has been in line with expectations… the group has continued to make strategic and operational progress in line with its strategy to diversify its range of products and services”. Sounds encouraging – but the shares are currently a further more than 3.5% lower, towards 86p…

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

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

TCN
TCN

Tricorn Group – does ‘trading update’ justify a 33%+ share price fall?

“Trading Update” from pipe and tubing assemblies company Tricorn (TCN) – and the shares currently at 12p, down more than 33% on the day…

ULS
ULS

ULS Technology – argues “trading performance… continues to be robust”… but loss of customer…

Previously writing on provider of online B2B platforms for the UK conveyancing and financial intermediary markets ULS Technology (ULS), in May with the shares at 70p I concluded doubting the investment here can insulate it sufficiently, avoid / sell. Today a “Customer update” announcement – and the shares further lower, below 50p. Uh oh…

MAI
MAI

Maintel – interims include underlying demand “remains high” and new business pipeline “remains strong”, so why further share price decline?

Maintel Holdings (MAI) has updated including first half of 2019 “adjusted earnings per share at 30.0p (H1 2018: 25.9p)… interim dividend per share proposed at 15.1p (H1 2018: 15.0p)” and that it “continues its transformation into a cloud and managed services provider with growth of 32% in unified communications seats on our ICON cloud platform and revenues from cloud and software customers now representing 20% of overall turnover… Underlying demand for our services remains high and our new business pipeline remains strong with some significant project opportunities”. The shares have responded to 425p – er, approaching 3.5% lower!...

KGP
KGP
PREMIUM CONTENT

Kingspan – on a hot day, let's talk about insulation

As it is - for once - a warm Bank Holiday weekend, it feels perfectly appropriate to talk about insulation and that brings me onto a company I first mentioned on these pages a year ago, Kingspan (KGP)…

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KCT
KCT

Kin and Carta – argues “will drive sustainable profitable growth in the new fiscal year”… so why a share price slide?

Kin and Carta (KCT) has updated including “CEO, J Schwan said, "Innovation continues to power ahead and is increasingly recognised for the market leading solutions it brings to its clients. The work to reposition our Strategy and Communications pillars, as well as the increased level of investment in the Connective growth platform will drive sustainable profitable growth in the new fiscal year"”. The shares are currently, er, more than 10% lower below 85p…

IND
IND

IndigoVision – interims, “return to profit” momentum encouraging?

Video security systems group IndigoVision (IND) has announced results for the first half of 2019 emphasising “return to profit in H1, the first time this has been achieved since 2014” and “momentum in the business”. Sounds encouraging…

GFS
GFS
PREMIUM CONTENT

Spin City at G4S

Just one of those days in the crop of larger cap regulatory news disclosures today. I cannot get excited about either William Hill (WMH) or WPP (WPP) but the market appears relatively enamoured, so this brings us to a stock that historically I have loved to hate: G4S (GFS)

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