Keyword results: trading statement

DEV
DEV
PREMIUM CONTENT

Dev Clever bollocks trading statement – look at the cash going up in smoke

Sales are vanity, profit is a matter of opinion and cash is reality. That is a message that Dev Clever (DEV) seems to ignore as it served up a trading statement to accompany news that the FCA was dragging its heels on approving a prospectus as noted HERE. But what of the trading statement? Natch Dev jerks off about its sales in the year to November 30.

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Chill Brands – where is the FECKING Sales update you PROMISED? Just how bad is the news you hide?

Shares in Chill Brands (CHLL) have slipped again today to a new year low of 17.75p. Ouch. To think that they were 76p when I published that 60 red flags dossier but of course the bulletin board morons, Seth Freedman et al knew so much better.  The question now is about the trading statement and US sales update. What statement you say? Exactly!

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SHOCKER: Supply@ME Capital Interims – it will be out of cash by Christmas even with its new death spiral - and the directors now admit it may go bust

The fraudsters and chancers at Supply@MECapital (SYME) tried to seep out some of the poison of quite diabolical interims with a 31 August Trading statement, but the true horrors only emerged today. Even the directrs now admit it may go bust yet moronic private investors reckon an £88 million market cap is cheap!

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The FRAUD Supply@ME Capital trading statement – Part 1, how it hoodwinked the FCA and investors with bogus revenue

There is so much in today’s absolutely appalling trading statement from the fraud that is Supply@ME Capital (SYME), that I need to cover it in three parts. I kick off with how the FCA ignored evidence from me and allowed Supply to get away with publishing bogus revenues, something it has today finally fessed up to.

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MDZ
MDZ
PREMIUM CONTENT

Mediazest – Trading Statement…..Why Now? Er…..it's the cash, stupid!

The last time I commented on AIM-listed Mediazest (MDZ) in May, having previously noted a balance sheet calamity, I called for a statement from the company regarding its chairman, Mr Lance O’Neill and his relationship with Claremont Capital Assets Limited (CCAL) as a related party.Needless to say, we’ve heard nothing from the company about that. This morning, however, we have a trading statement. Given that its next reporting period end is September 30th, one has to wonder why….until you consider its car-crash of a balance sheet. I suggest this is all leading up to a bucket shop special.

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IQE
IQE
PREMIUM CONTENT

IQE and what it does not say in its trading statement

Crafting a brief one side of A4 trading statement as chip maker IQE (IQE) has today is not exactly a great effort. This is not translating the complete works of Shakespeare into Hungarian and then onto Welsh. So if something is left out, you must ask why?

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YU
YU
PREMIUM CONTENT

Feck Yu Trading Update: Profitable Growth or More of the Same?

AIM-listed alternative energy supplier Yu Group (YU.) has updated the market this morning with a trading statement for the half-year to June. We are told of strong growth in bookings ad revenue with confidence in delivering profitable growth, but whilst cash balances are broadly flat (ie a little down) over the period there is again no discussion of net current assets. So is it just more of the same?

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ZOE
ZOE
PREMIUM CONTENT

Zoetic one hell of a joke trading statement – it is what it does NOT say that should alarm investors

The fraud Zoetic International (ZOE) has released a trading update. Natch, there are lorry loads of jam tomorrow but it is what it does not say that should give investors looking at a £157 million market cap ( at 80p) a real panic attack. The lack of critical data here is the monumental red flag.

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Audioboom takes the piss with misleading trading statement

Stuart Last, CEO of Audioboom (BOOM), said today that “Q1 2021 was a breakthrough period” as he yakked on about record sales and a maiden EBITDA but when you deep dive into the numbers, you find that Last is clearly taking the piss. Let’s start with vanity, that is to say sales.

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YU
YU

Yu Group – Very Positive Trading Update, BUT something is missing……

AIM-listed alternative energy provider Yu Group (YU.) updated the market this morning with a trading update which reads extremely positively. The shares are up by a very impressive 40%, but something was missing in this morning’s release. Will investors piling in this morning come to regret it?

PREMIUM CONTENT

SHOCKER: Manolete - a panicked trading statement reveals the unjustifiably aggressive nature of its accounts

I noted on Monday how shares in Manolete (MANO) were tanking. So what to do? Natch, issue a panicked trading statement at 4.25 PM on Tuesday to reverse the rot. An unscheduled trading statement in the face of a sliding share price is always a bit of a red flag. And this statement was a total horror in the way that it boasted of the settlement of a major claim. It only serves to show how utterly aggressively this company presents its accounts and thus why you’d be bonkers to own the shares.

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DEV
DEV
PREMIUM CONTENT

Dev Clever – deep fried bullshit of a trading statement

One hopes that the FCA is actively investigating the clear market abuse engaged in by Dev Clever (DEV) with its May 13 subscription announcement. If you wanted any more evidence that this grotesquely overvalued company was slippier than the slippiest of eels, it was provided today with a trading statement which is nothing of the sort.

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YU
YU

Yu Group trading statement: never mind the cash……feel the placing coming this way and SELL.

AIM-listed alternative energy supplier Yu Group (YU.) yesterday offered up a half-year trading statement ahead of interims on Wednesday 30 September (deadline day to avoid suspension – a bit of a Red Flag). Having always advertised plenty of cash but turning out to be running short in the net current assets department, is it any different this time? I fear not…..

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Filthy Forty Walcom: bank blinks again, grim trading statement – and still the shares are not suspended!

So ShareProphets AIM-China Filthy Forty play Walcom (WALG) lives to fight on for a few more days after the bank blinked again and allowed Walcom to extend its payment plan, now with RMB 150,000 due on Friday but with CEO and CFO Mr Chi’s loan still nowhere to be seen, at some point the bank will lose patience and then either Mr Chi will have to cough up or it will be a one-way trip to corporate heaven.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Shopping online at Tesco I report back on loo rolls, baked beans, soups and delivery snags

This is all to do with my own panic shopping but what it told me about how others are behaving. If folks think that most consumers continue to act as if nothing is wrong, think again. Then I look at Future (FUTR) which i don't believe as it issues a trading statement, round two of beer and popcorn at Iofina (IOF) as the great Brexit bad boy Arron Banks makes his move, French Connection (FCCN) and ValiRx (VAL) botb of which look pretty fecked.

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IQE
IQE
PREMIUM CONTENT

Breaking: Bear raider Matt Earl’s 2 Big Coronavirus Shorts

There will be some who say that shorting a stock because it is exposed to the fallout from Coronavirus and what may well soon be a global pandemic is Tasteless. They probably have no such complaints about going long of a company with a test for the product. I am sure we all pray that this human tragedy ends soon. But the reality is that right now it is growing and, notwithstanding today’s sell-off, many of us reckon the market in certain stocks fails massively to discount the downside risks.

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Bidstack: after yesterday’s insider dealing a dreadful trading statement today – bailout placing inevitable

This is a total omnishambles clusterfuck and it is hard to know where to start. So let’s just note the strange coincidence that yesterday shares in Bidstack (BIDS) were marked sharply lower and today the company has served up the most godawful of trading statements. But this is AIM, supervised by those stormtroopers of propriety, the Oxymorons at AIM Regulation with assistance from the chocolate teapots at the FCA so there cannot have been any insider dealing.  No really. Stop sniggering at the back please.

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Haydale – Another letter to AIM Regulation, this time about AIM Rule 10

Having sent a missive to AIM Regulation yesterday concerning AIM-listed Haydale (HAYD) and its Trading Update which appeared to admit to contravention of AIM Rule 11, the company issued a clarification RNS which appeared to me to completely contradict the original one, and both were signed off by Nomad Arden Partners under the watchful eye of the fine upstanding Mr Paul Shackleton, of China-fraud Naibu (NBU) and Daniel Stewart infamy. Call me old-fashioned, but the two statements appear to me to be impossibly contradictory – and that brings me to AIM Rule 10. Thus I have written again to AIM Regulation.

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Haydale – Grim Trading Statement means SELL; has it contravened AIM Rules?

AIM-listed Haydale Graphene Industries (HAYD) offered up a pretty grim trading statement this morning showing that sales at its US unit were materially below those of H1 2019 during H1 2020. Oopsie. Meanwhile UK operations suffered from longer than anticipated lead times and sales fell short of directors’ expectations. Double oopsie. And the company has shuttered its Taiwan operation which will lead to a revenue shortfall in H2 of around £0.4 million. Triple oopsie – and now we are told that full year sales will come in below market expectations (whatever they are). What’s not to like?!

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YU
YU
PREMIUM CONTENT

Feck Yu Group – adjusted normalised bullshit trading statement doesn’t fool me!

AIM-listed energy supplier with recent accounting issues Yu Group (YU.) has released a full year trading statement. Like its half year trading statement last year, it is again full of holes: it tells us about the cash, but what about payables? And whilst losses appear to have been reduced, references to adjusted EBITDA don’t fool me: the company is still leaking cash.

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Optibiotix: I've bought more shares after badly written trading statement

If a trading statement needs explaining then it is badly written. Yet again Optibiotix (OPTI) stands accused of that. I really think the company should fire its PR PDQ. Frankly I could, and would, do a better job. As a result of a badly written release, folks are accusing boss Steve O’Hara of lying. He has not. Amid the confusion the shares have slipped to 50-52p. I have taken the chance to buy some more...

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Haydale – once again a slam-dunk sell? Oh yes!

My most recent call to sell fashionable graphene promote Haydale (HAYD) was on its full-year trading update back in July, an update which told readers very little: I said sell at 1.775p and the shares are now just 1.125p. More ouzo for me!

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Chris Frazer of Sirius Minerals is one almighty knobhead

In today's podcast I discuss the latest deranged rantings of Chris Frazer, the CEO of Sirus Minerals (SXX). The guy is a total knobhead, a man wheeling out the most lamentable excuses for his own failure. I also discuss a piss poor and incomplete trading statement from smug Sam Smith's FinnCap (FCAP) and look at two AIM zeros in waiting: Sound Energy (SOU) and Funding Circle (FCH) 

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TEG
TEG

Why this Bowling Ally Firm Does Not Bowl Me Over

Hello, Share Baggers. One of my first jobs as a cub reporter in the early ‘sixties was to interview the wartime flying ace Douglas Bader. He was opening an American export - Doncaster’s first ten-pin bowling alley - for Top Rank. So a new craze began with everyone wanting to try this hi-tech version of skittles. But after a few years, the novelty seemed to wear off...

Collapsing-Reactor

Redemptions Watch – Neil Woodford’s Income Focus slides on silence from Kier

Oh dear, Kier! Neil Woodford’s last Hail Mary - otherwise known as his great gamble on Kier Group (KIE) - put a hole in his Income Focus Fund (WIFF) as investors realised that the promised end-of-July trading update wasn’t happening and WIFF lost a chunky 1.08% in NAV per unit yesterday, according to Morningstar. And having battled back to £290.20 million, the fund fell away to £286.74 million...

KIE
KIE
PREMIUM CONTENT

EXCLUSIVE: Kier & its postponed Trading Statement

There should have been a trading statement from Kier on 30th July. There has not been. Why?

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: £2m coke & hookers money for the City boys, shareholders lose 80% - another day on the AIM Casino

In today's bearcast I look forward to the new show on Wednesday which will be half recorded by the end of today. I cover Mortice (MORT) a tale of shareholder woe friom the AIM Cesspit, Kier (KIE), Dev Clever (DEV), Anglo African Oil & Gas (SCUM), Premier Technical Services Group (PTSG) and Mobile Streams (MOS), where I study what happens to cashflow when a company is near to death and the red flag gaps in today's trading statement.

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BST
BST
PREMIUM CONTENT

Big Sofa Trading Statement – Recovery full steam ahead

We tipped Big Sofa (BST) just a few weeks ago at a 4p offer. The shares, of which we own a good few, are now 4.5p-5.25p following an upbeat trading statement. But hang on tight as there is far more to come.

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Trafalgar Property – FY trading statement shows this is a crock of….”exciting times”! SELL.

Last time I commented on AIM-listed Trafalgar Property (TRAF) I responded to the claim it was well placed to deliver with the observation that since listing on AIM it had only delivered one set of profitable account out of five when the housing market was on fire, and that current borrowing of £3.1 million plus longer term loans of £4.9 million meant that the lenders would benefit long before shareholders. This morning we had a trading statement: how does the well placed to deliver company find itself?

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - another high yielding blue chip Neil Woodford is having to dump & another shite note from FinnCrap

In today's podcast, my last Monday bearcast from the civilised south as opposed to the Grim North,  I start with a look at another blue chip high yield stock Neil Woodford is being forced to sell as a result of the flood of redemptions. Then I have a revelation of shame about Daniel Stewart (DAN) and executive largesse. Then I look at the Yourgene (YGEN) trading statement and the lamentable research note it produced from FinnCrap (FCAP) which I reproduce in full below. Really: it is time to sack FinnCap and get a proper broker on board Finally a look at Adept4 (AD4) and an appeal to you all to join the roll call of heros HERE

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TLY
TLY

Totally trading statement – complete & utter gibberish and utterly meaningless

Totally (TLY) is probably insolvent, in that it cannot meet its existing current liabilities from existing resources,  but we do not quite know as today’s trading statement is just so much meaningless gibberish. What exactly is CEO Wendy Lawrence so desperate to hide?

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: taking apart the Audioboom trading statement

I start with a question for wretched PM Theresa May - which of your assessment's of Jeremy Corbyn was correct? I then look at the strange events at Brave Bison (BBSN), take aprt Audioboom's (BOOM)  joke trading statement, look at Jersey Oil & Gas (JOG), Management Resource Solutions (MRS) and, finally, thirsty Paul Scott favourite TrakM8 (TRAK). Now how about you all follow the good Craig and donate a "one-er" HERE

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: my daily chat with my friend the IRA man

Anyone who follows me on twitter knows my feelings about the vermin of the IRA but I have a daily chat these days with my pal the IRA man about Brexit. I discuss its effect on shares and suggest that a far bigger political threat is really not priced in. I explain why I know Yourgene (YGEN) is having a trading statement on Monday and what makes good journalism. I look in detail at Mobile Streams (MOS), insolvency law and the nature of trade receivables and at Gear4Music (G4M) and its latest warning which is enough to turn a man to drink, the shares remain a stonking sell. Finally. get your wallets out!

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BREAKING: Now Illumina sues Yourgene Rival – Great News

In its dark days as Premaitha (NIPT), this company was dogged by bully boy US giant Illumina which tried to put it out of business with a claim for patent infringement. New boss Lynn Rees not only sorted that out but as part of the deal, entered a partnership with Illumina. Now the bully boys are on our side.

PREMIUM CONTENT

Audioboom Trading Statement: what it says is bullshit what it does not say is more important – placing ahoy

Free speech denying, relative employing, value destroying serial bullshitter Rob Proctor of Audioboom (BOOM) is at it again with a trading statement that Nomad Allenby should be thoroughly ashamed of, in every respect.

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SOS
SOS
PREMIUM CONTENT

Sosander – Q3 trading statement update

I might be hopelessly optimistic with AIM-listed Sosandar (SOS), but the latest trading statement read rather well to me. As per HERE my best case scenario was for Q3 sales of £1.7 million and they came in at £1.6 million, which means that Sosandar has clocked up £3.44 million of sales in the first nine months of the year. Compared to the house broker forecast by Shore Capital of £3.9 million of revenues for the full year that, as I have previously suggested, means an easy target. It is always nice to see under-promising and over-delivering, even if I thought the targets were too easy in the first place...

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Keep selling Purplebricks - trading statement truly pathetic in what it did not say

The trading statement from Purplebricks (PURP), as I rather suspected, was a little short on detail and the word “profit” did not appear once...

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Purplebricks – problems with property management? When will it fess up?

I noted in a bearcast last week that the lack of a year end trading statement from Purplebricks (PURP) as has in the past been its wont – was a bad sign. If it had any good news at all to mention after the profits alert in march it would have told us about it. Instead silence.  Well a source close to the company say one bit of news it could have released is, er more bad news.

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R4E
R4E

Reach4Entertainment Trading Statement - really not impressed by PR idiots but strong hold at worst

Reach4Entertainment (R4E) has served up a trading statement which is, to use the technical term, nonsensical bollocks. But the shares are a very strong hold, at worst, at 1.95p.

FLX
FLX

Falanx shares to double to 10p

You know that I am bullish on Falanx (FLX) after its recent trading statement, I explained why and gave hard forecasts HERE. House broker Beaufort is p;aid to be bullish so take its words with a pimch of salt. However...

IQE
IQE

IQE plc Bullish Trading statement but hang on

IQE (IQE) has today stated that it is "on track to exceed full year expectations". But hang on Henry. Sales are vanity, profit is a matter of opinion, cash is reality. And so we read that:

Filthy Forty Walcom – no silk purse, it’s a sow’s ear of a trading statement

ShareProphets AIM-China Filthy Forty play Walcom (WALG) hasn’t provided as much entertainment as some of its fraudulent brethren, but yesterday’s trading statement – issued at 10.36am, so bad news – is a bit of a gift.

SOS
SOS

Some of my fellow shareholders in Sosandar don't seem like the brightest sparks

It seems that Thursday's RTO of Sosandar (SOS) at 15.1p went well enough. The shares closed Friday at 20p-21p and I am very confident indeed that we loyal shareholders would have a chance to sell at well over 30p before too long. This retailer will not be disappointing with its next trading statement which, I'm sure, will force brokers to increase forecasts. But some of my fellow shareholders don't seem to be the brightest sparks or my greatest fans. From the ADVFN asylum:

DKL
DKL

Dekeloil - not a revenue recognition issue surely just a reason to sack the FD

Yesterday afternoon Dekeloil (DKL) issued a correction to a Q3 trading statement published on 18 October which, for reasons I cannot fathom, was not accompanied by the sacking of the company's FD.

Bearcast

Tom Winnifrith Bearcast: Another slam dunk lie in the MySquar trading statement - time for correction number 2

Oh dear, oh dear. This is pretty simple maths although clearly beyond the wit of clueless Nomad SP Angel but in this podcast I demonstrate clearly another slam dunk lie in the MySquar (MYSQ) trading statement of last week and corrected version of this week. Time for another correction? But it gets worse. I remind you of what SP Angel needs to establish to show that MySquar only breached AIM Rules rather than committing wholesale fraud (ref July sales) but now suggest that its claims re September comparatives might bear scrutiny as well. And there are some very fishy rumours coming out of Singapore that SP Angel might consider as it decides whether to quit or not.  I move on to cover Paternoster Resources (PRS) after its latest bad news and explain why its NAV is illusory and then ask readers for help in outing which oil & gas stock Cornhill is raising $15 million for today at a discount of 12% to some share price or another.

Listen to the Bearcast:

Haydale – up to £9m fundraising on (piss poor) results release day...TIMBER!!

AIM-listed Haydale (HAYD) joined Applied Graphene (AGM) on the heavily discounted fundraising trail yesterday from the graphene sector of AIM (albeit it has other products as well). Not only has it announced its full year results to June, it offered the begging bowl at not less that 120p per share. Given that the stock closed last night at 176p, it suggests that the company was expecting a frosty reception. At the low point the stock was trading down 54.5p at 121.5p before a recovery to 125.5.

Purplebricks: Thoughts on Trading Update

Purplebricks (PURP) trading statement released on Friday was characteristically short on detail and did little to justify its sky-high valuation.

Mirada trading statement, feel that cashburn - placing ahoy

With apologies to my fellow bear Matt Earl, the Dark Destroyer, who is a NED at Mirada (MIRA) but today's trading statement moves swiftly from gushing about jam tomorrow to a a damning admission of the monumental cashburn which leave the balance sheet holed beneath the waterline. It is placing ahoy and for a company of this size that means bucket shops and a deep discount

FLX
FLX

Falanx - upgrade stance to BUY, share price decline baseless

Shares in Falanx (FLX) have fallen back to 5.25p -5.75p which is very frustrating indeed for we shareholders as there is no fundamental reason for a sell off. We have spoken to the company and are told:

MySQUAR – three questions it cannot or will not answer

After tearing apart this week's bogus trading statement from MySquar (MYSQ) HERE and HERE, the AIM listed POS has tried to pop up its falling share price today with another piece of PR non news. We can address that later but first I have three more questions that it can't and won't answer.

AVN
AVN

Shit sandwich with jam tomorrow on top: trading statement from Avanti Coms - but here's what its hiding

Avanti Communications (AVN) has surprised no-one with a grim old trading statement covering the year to June 30th 2016. But the CEO who boasts of how he misled investors with a faked demo to raise funding has - as usual - tried to make a shit sandwich more palatable by serving it covered in oodles of jam tomorrow. But there is something that bombastic prick David Williams is not telling you....

Blur - no improvement in trade, admits could be bust in 3 weeks, A Grade corporate horse spouting

It walks the walk and talks the talk when it comes to spouting A grade corporate horse. And so another day comes with another trading statement from the shamed and hapless Phil Letts and his worthless Blur Group (BLUR). There are KPIs aplenty and stacks of words about new business initiatives. Yadda, yadda, yadda. The main point is the admission that could be bust within three weeks. TOLD Y'ALL!

AVN
AVN

Avanti Communications Trading Update: More jam tomorrow, cashburn & shit sandwiches today - target price 0p

Avanti Communications (AVN) the drowning in debt satellite operator run by a man - David Williams - who has boasted about how he misled to investors to raise capital, by faking a product demonstration, has served up a trading update. As ever with Avanti it is packed with jam tomorrow but the reality is that it is the usual Williams fare, a shit sandwich.

JDW
JDW

Tim Martin of JD Wetherspoon lashes out at Quisling Brexit Remoaners , notably at the CBI - Tim you are our hero of the day.

I may hold my nose and tonight go into one of Tim Martin's horrible pubs for a small glass of the less than impressive wines he has on offer to show my support after the UK's greatest businessman launched a blistering attack on the Brexit remoaners and notably the ghastly creature, Carolyn Fairbairn of the CBI. Overall it is a pretty upbeat trading statement from Wetherspoon (JDW) and the shares are up 3.5% on the day. Or as the BBC would report it "Despite Brexit, it is a pretty upbeat trading statement." Tim's prose is golden. Over to the great man...

SYM
SYM

We kid ye not! Cracking trading statement from Symphony Environmental: Buy

Symphony Environmental (SYM) has updated that 2016 performance was ahead of expectations and announced the launch and UK listing in Wilko stores of d2p antimicrobial household gloves…

R4E
R4E

Reach4Entertainment - very good trading statement indeed!

Reach4Entertainment (R4E) has updated that it “expects to produce a trading performance slightly ahead of market expectations for the 12 months to 31 December 2016 at the EBITDA and profit before tax levels”, confirmed the appointments of two non-executive directors and added Finance Director, Linzi Allen, to the board.

WTG
WTG

Tom Winnifrith Bonus Bearcast: Watchstone (Quenron as was) Trading statement analysis - on balance a sell

There are two massive uncertainties regarding Watchstone (WTG), Quindell as was. I look at today's trading statement and offer up analysis which suggests that on a best case scenario this stock is more than fully valued but on a worst case scenario it is grossly overvalued.

KMR
KMR

Kenmare – disingenuous trading update

Dual-listed in Ireland and on the LSE Kenmare Resources (KMR) has released what reads like a very positive trading update. Two questions spring to mind here: is it generating cash, and what about the debt position? But the company seems to have chosen to ignore completely its refinancing last year in reporting its finances.

REACT - ghastly statement but market over-reacts: BUY

REACT (REAT) served up a ghastly trading statement just before Christmas, but in marking the shares down to 0.7p ( market cap £2 million) traders over-reacted.

Kefi trading update - buy

Kefi Minerals (KEFI) has been hit by the weaker gold price , issues in Ethiopia at a macro political level and by suggestions that its major shareholder ( Odey) may have its own issues. However Mr Odey is doing, we've established that he is not a seller of Kefi. If he needs to raise cash he will do so via larger more liquid positions. The other issues were addressed in a trading statement last week.

United Cacao may go tits up in February - awful statement: sell

We picked up some of these shares at the Dragon's Den pitch at the UK Investor Show. We sold this morning at a loss and in disgust at 91p. The order was just to sell after United Cacao (CHOC) served up the most god-awful trading statement on a day when most folks are just not around but are off doing Christmas shite. Sadly for Cacao Scrooge's biggest fan is at his desk and my comments on this horror are in bold.

Dear Blur: Excuses are like A'holes we all have them and no-one cares: the fat lady is warming up for you

A Q3 Trading statement today from long term dog blur (BLUR) is pretty dismal and the shares have crashed another 34% to 3.375p. Putting that in context - this company listed 49 months ago at 82p and has been a dog ever since. Surely it is only a matter of time before the vet arrives with needle to put this sick puppy out of its misery.

IOF
IOF

Iofina Trading Statement: The mystery of the barking dog

Iofina (IOF) has today served up a Q3 trading statement. What it says is fine enough. But what matters is what it does not say. Since there is no point in hiding good news one can only assume the worst. The ,market certainly does and it is right to do so. The shares are off by 15% at 10.75p-11p. Fair value is closer to zero.

Audioboom - Horseshit Trading Update from cashburning central

Later today I shall record another most excellent Bearcast using the Audioboom (BOOM) platform which to date appears to have generated advertising revenue for me of er...nothing at all. That is somewhat below what I was led to expect but who cares, I bring you my expletive ridden thoughts for the sheer pleasure of it. Let's start early today with the tourette's: The Audioboom trading statement is just plain shite.

TrakM8 Trading Statement: More joy for myself, a bear, than for Paul Scott

I am aware that Britain's top share blogger Mr Paul Scott is flying back from an extended Greek holiday this morning. When he lands at Gatwick and checks his smartphone he will see that shares in his beloved TrakM8 (TRAK) have dived by 10% today, to just 200p to sell after a piss poor trading statement. I hope Paul has some duty free ouzo for the Sheriff as I think he owes me an apology on this one. Hmmmmm I can almost smell the aniseed now...Scotty you know where to send it.

BOX
BOX

Lord Razzall of Boxhill you are boring me - what are you hiding now you worm?

Lord Timmy Razzall still has not answered the ten questions from Cynical Bear that a man of honour rather than a money grabbing piece of shite would have answered - his silence tells you everything. Instead he has again produced a trading statement from Boxhill Technologies (BOX) which omits all the key data - Lord Razzall luvvie, what are you hiding?

TRT
TRT

Trying to make sense of Transense

Shares in AIM-listed Transense Technologies (TRT) are up heavily on the back of a positive-looking trading statement and news of a licence agreement with NYSE giant General Electric (GE). But is the news all it is cracked up to be?

JDW
JDW

Hero of the day Tim Martin of JD Wetherspoon skewers those who lied about Brexit

Tim Martin of pubs chain JD Wetherspoon (JDW) is a Eurosceptic and a man who calls a spade a spade. In today's trading statement he deals with those who lied blatantly in the run up to the referendum. Tim Martin: we at ShareProphets salute you. Personally I find his pubs fairly ghastly but next time I am passing buy I shall pop in and have a drink for Mr Martin toasting you publicly. Does Mr Martin serve ouzo? Tim writes in the RNS: 

AVN
AVN

Ouzo O'Clock - Avanti Communications crashes as I predicted

Look back at our coverage of satellite disaster story and serial issuer of fascistic lawyers letters Avanti Communications (AVN) you cannot say that we did not stand up to bambastic bully boy CEO David Williams and warn you. Today there has been a pre close trading statement, the shares have crashed by 60% to just 24p and the Fat Lady is starting to gargle. My father & I will crack open the ouzo early today.

BOX
BOX

Boxhill Trading statement - what else is Lord Tim Razzall hiding?

Lord Tim Razzall, the chairman of POS Boxhill (BOX) will still not answer Cynical Bear's 10 Questions. He is still trying to suppress news of the winding up order against his piss poor company. And yesterday he served up a trading statement which again begs the question of what little Timothy is hiding now?

R4E
R4E

R4E - In line trading statement: hang on and hold tight

In announcing that calendar 2015 results will be published on May 25, R4E (R4E) has issued a pleasing, if brief, trading statement. Chairman David Stoller is quoted as saying:

NXR
NXR

Norcros trading statement - says will beat forecasts: buy

Branded showers, taps, bathroom accessories, tiles and adhesives group Norcros (NXR) has updated that “underlying operating profit for the year is expected to be marginally ahead of market expectations” and that it looks “well positioned to continue to make further progress”.

BEG
BEG

Begbies Traynor Trading Statement - on track: buy

Begbies Traynor (BEG) has updated that its third quarter ended 31st January saw performance “as anticipated” and that it “is well placed to deliver the board's expectations for the financial year as a whole”.

Lakehouse – EGM requisition, I chat to Mark Slater who is driving for boardroom change

Having listed at 89p per share less than a year ago and updated in its December-published annual report that “the board remains confident of its expectations for the current year and the future”, shares in Lakehouse plc (LAKE) crashed on the back of a 1st February “Trading Statement” including that “the group now expects the financial outturn for the current year to fall short of its previous expectations and to see a reduction on last year's profit level”. Now Slater Investments and Steve Rawlings have requisitioned an EGM to remove the non-executive directors and replace them with Rawlings, Ric Piper and Robert Legget...

FastJet - Disastrous Trading Statement, bankruptcy looms

No wonder Sir Stelios wants wholesale boardroom change at FastJet (JFET) a disastrous trading statement today makes it clear that the current board has not got a scooby and that bankruptcy is very much on the cards.

R4E
R4E

Reach4Entertainment - very promising trading statement: buy

Reach4Entertainment (R4E) has updated that “trading has continued well in the last quarter of the year, with the expected seasonal uptick in revenues” and that it “therefore expects to report revenue, EBITDA and statutory profit before tax for the full year in line with market expectations”. Good news all round.

IGE
IGE

Image Scan Holdings – AGM trading update sparks shares, but is it still possibly cash crunch ahoy?

X-ray imaging for security and industrial inspection-focused Image Scan Holdings (IGE) has updated that “over £1 million of new orders have been added to the £600k of orders carried forward from the prior year” and that it is “optimistic for our first half performance and look for continued strong order intake to support the second half”. Is a current more than 18% share price increase, to 2.375p, justified though or is it still possibly cash crunch ahoy? ...

LGO
LGO

LGO Energy - 5 Questions for the Weekend Mr Ritson, as Insolvency looms

The silence from doomed LGO Energy (LGO) is ominous. There is not even an attempt to ramp the shares ahead of a bucket shop placing because the bucket shops cannot write the sort of cheque this POS needs to survive. I doubt anyone can or will which is why my target price for the shares remains 0p. As I get the beer & popcorn ready for the final act (the death scene) here are 5 questions for hapless CEO Neil Ritson.

Wandisco - utterly disastrous trading statement, when's bankruptcy?

AIM Death list member Wandisco (WAND) has released, what can only be described as, an utterly disastrous trading statement at every level. All the money's nearly gone and there must be a very real danger that it is tits up time soon. 

InternetQ bogus trading statement hides behind Takeover Panel Rules

InternetQ (INTQ) the dodgy Greek outfit exposed repeatedly HERE for all sorts of nonsense has published a totally meaningless trading statement. It hides behind the fact that the Chief Bubble is considering an MBO if he can persuade fund manager Tosca to back him.

Bearcast

Tom Winnifrith Pancake Day Bearcast - talking of flipping: MX Oil

Just a reminder that it is Shrove Tuesday or, as younger folks might say, Pancake Day. Next up I shall be asking what you are giving up for Lent? I shall be giving up expressing my undiluted admiration for Britain's leading chanteuse Ms Cheryl Cole. Back to shares and I discuss what is real asset backing and what is it worth with relation to Allied Minds (ALM) and Cambian (CMBN) and a piss poor trading statement from Tungsten (TUNG). I express some displeasure with MX Oil (MXO), now off any buy list, and then move onto Servision (SEV) which is heading to where Motive TV (MTV) is now - off another 50% at 0.00p 

You Might Not Want to Give Emis a Miss with Future Growth Probably Highly Likely

Hello Share Swipers. I hope you’ve not had call to visit your doctor lately. But if you have, you’ve probably noticed a difficulty getting your appointment and a bursting surgery once you finally you got there. 

Synety Group – 2015 trading update confident but is there a cash crunch ahoy?

Having originally warned with the shares at 92.5p following the company admitting that progress was not as quick as originally estimated (see HERE) and most recently at 89p following results for the first half of 2015 (see HERE), I now update with shares in Synety Group (SNTY) hovering around 80p on the back of a 2015 full-year trading statement.

IOF
IOF

Iofina - why wont it tell us the critical metric of cash? Reason: it has sweet FA

A year end trading statement is meant to allow investors to make a rational decision on whether to buy hold or sell the shares. A statement such as that served up by Iofina (IOF) today fails to do that. If a company fails to announce critical metrics it is - 99.99% of the time - because those metrics are dire. And that is the truth behind today's turd polishing from this AIM listed POS.

TRB
TRB

Tribal Group – hopefully our prior warning that “No earnings visibility + debt = toxic” was heeded as…

Even on a 19th October profit warning seeing shares in software and services for education management group Tribal (TRB) down more than 35% at sub 80p, I concluded that the shares still looked to be one for the bargepole as no earnings visibility + debt (£23.1 million on the half year stage balance sheet) = toxic; see HERE. A further announcement today entitled “Trading Update, Rights Issue and Move to AIM” sees the shares currently down a further 25p at below 30p…

Fishing Republic – Meaningless Gibberish from the can of maggots

A trading statement today from joke company Fishing Republic (FISH) does nothing to dispel the idea that this is little more than a well spun can of maggots. Good try Fishing on sneaking out this gibberish when I am in New York on global shorting conspiracy business. Sadly for you I’m in the City that never sleeps and when in Rome…

DX
DX

DX (Group) plc - 10:51am “Trading Update” = Profit Warning Du Jour…

A 10:51am announcement commencing “DX (DX.), the leading independent parcels, mail and logistics operator, announces an update on trading for the financial year to 30 June 2016” suggested just one thing, and yep there it is in the third paragraph; “the board now expects that profits will be significantly below current market forecasts”

CMS
CMS

Too Much Stick for Communisis? I Rather Think So.

Communisis (CMS) is a firm I’ve commended in the past and I’m disappointed that the share price fell by 15% yesterday. 

TRB
TRB

Tribal Group – following previous updates, it’s quelle surprise… the news is dire!

Having announced in May that “Keith Evans has informed the board of his intention to retire and step down from his role as Chief Executive” and that “our profits in 2015 are expected to be strongly weighted towards the second half of the year” and updated in August that this was partially the result of “changing software customer buying cycles and software implementation programme profiles, which we believe are likely to become a long-term feature in our markets”, it was guessable somewhat what a “trading statement” today from Tribal Group (TRB) has delivered…

NXR
NXR

Buy Norcross at a 20.25p offer

We tipped Norcros shares a few weeks ago at a 20p offer. The offer is now 20.25p. Suffice to say they are still cheap. Our next hot share tip is out this afternoon on the Nifty Fifty and we hope to beat our current average gain per tip ( 23% average holding period less than a year) with that one. To access that tip click HERE

BRY
BRY

Misleading Analyst Research of the day – Edison on Brady

Edison is paid by companies to hire analysts such as convicted felon Champagne Charlie Gibson to produce research reports. The hooker never tells a punter that he has a small dick and Edison finds itself in the same position: just keep the client happy. And thus once again it has today served up a research report with a massively misleading title. The stock is Brady (BRY) which today served up a first half trading statement.

CAP
CAP

Clean Air Power – for shareholders it’s more crap from CAP

A 3:33pm “trading update” from Clean Air Power (AIM:CAP) which concludes that “the board has, therefore, decided to initiate a more comprehensive review of the short-term options available to the group with the principal aim of providing the financial stability that the group needs" seems like a clear job for the ShareProphets RNS translation service (extracts from the RNS in normal font, my interpretation in bold italics)…

blinkx trading statement is dire and worse is to come on April 18

Today’s trading statement from blinkx (BLNX) must be making even Roger Lawson from ShareSoc splutter into his cornflakes as it is truly dire. No wonder that the shares, 90p a year ago as Lawson said the bears did not know what they were talking about, are just 28.5p and falling. And worse is to come for this POS as a 100% vindicated Ben Edelman will be having another go at www.UKInvestorshow.com on April 18 in Westminster.

PLA
PLA

Plastics Capital Trading Statement – I’m a bit flummoxed

Plastics Capital (PLA) has done itself no favours at all with a trading statement which for word analysers is a bit of a puzzle. The good news is that it states baldly that it is on track to hit forecasts for the full year after a Q3 which was strong.

CRE
CRE

Creston – bank gains after weak trading statement

Marketing communications group Creston (CRE) posted up what can only be described as a rather weak trading statement for the period from 1 October to December 31. Sales grew by 5% in H1 but that slowed to just 1% in Q3.

Flybe – share Price Over-reacts to Trading Statement

I warned in my last piece on Flybe (FLYB) HERE, that you should reduce your holdings. I apologise for not saying sell altogether as the shares tanked on the back of a trading statement yesterday. So what now at 66p. 

CLL
CLL

Cello Group – FY2014 trading statement, still a buy - I am 80% up!

Marketing group Cello (CLL) has updated on “strong trading” for the 2014 calendar year and that it “is confident of a strong trading year ahead”. However, having identified value HERE with the shares at 54p, does this remain the case at a current more than 90p?

IQE
IQE

How to Make Money Out of Shares You Know Little About. Ref: IQE

Hello Share Smackers. As I write this modest little column, my IQE (IQE) shares have leapt on the day by 12%. This is jolly good because I've been ambivalent about this investment.

ASC
ASC

ASOS plc – trading statement; food for the bulls or bears?

Online 'fast fashion' retailer ASOS plc (ASC) has updated that full year guidance “remains unchanged” following trading in the six weeks to 9th January “in line with expectations”. After a number of profit warnings, is this enough to bolster confidence in the valuation – a 2500p share price meaning a market cap in excess of £2 billion currently – here?

Cloudbuy Profits Warning

On Tues 23 December Cloudbuy issued a ‘Trading Update’ which, just by the timing of the announcement (Christmas Week) meant that it was unlikely to contain good news: as Tom Winnifrith has already pointed out, if it was good news it would have been rushed out in the previous week while everyone was still at their desks.

NGR
NGR

Nature Group – shares down more than 30%, the attempted spin working well then!

Taking a look at today’s “Trading Statement” from Nature Group (NGR)… “Contract win”, oh good, “conclusion of the case brought in the Gibraltar Magistrates Court by the Factories Inspectorate against the company's subsidiary… a fine of £120,000… Expects to be fully operational again during Q3 2015”, OK, “the company has seen only a marginal improvement in trading across all divisions and its financial performance has been further, adversely impacted by delays to certain expected revenues during the period”, Uh Oh…

Tesco – rounding off the annus horribilis

I knew it was going to be bad news when I saw an unexpected Tesco (TSCO) trading update statement on the wires this morning.  This close to Christmas if you are a food retailer you keep your fingers crossed that the shoppers are going to eventually flood into your store unless – of course – the news was really, really different from guidance.  I guess the £1.4 billion trading profit indication qualifies on that behalf (I believe consensus UK trading profit guidance was nearer £1.8 billion).

ASC
ASC

ASOS plc – Q1 2015 trading statement, reassuring to the bulls or bears?

Online 'fast fashion' retailer ASOS plc (ASC) has updated on its quarter ended 30th November 2014 – emphasising that a “strong UK performance continued”, though admitting that “international trading conditions remain challenging”. The following updates.

Optimal Payments – More bollocks about those share trades buried in today’s trading statement

Today, Optimal payments dished out an upbeat Trading Statement. I’m sure the company is doing just fine, but we have been asking questions about the Equities First Holdings (EFH) deal entered into by its CEO. And buried in the statement came this nugget from CEO Mr Joel Leonoff:

QPP
QPP

Quindell Trading Statement – Folks are starting to see what Bullshit it all is

Quite simply I have never read such complete and utter bollocks in my life. As I write Quenron (QPP) shares are down by a couple of pence at 151p. That is despite it issuing a trading statement which was meant to appear extraordinarily upbeat. In the old days the stock would have jumped by 20% on this sort of bull. But these days investors seem to be waking up to the fact that it does not add up, that the company is talking patent bollocks and that the cash situation is clearly critical. Chuck in the Red Flags from subsidiary accounts which are landing thick and fast and this one is now in a a rapid spiral towards death.

QPP
QPP

Reader Post of the Day - 42 on the Quindell Trading Statement

I know who poster 42 is and he knows more about Quenron (QPP) than any analyst currently covering the stock in the City. His comment on the trading statement today is bang on the money (or rather lack of it). I shall post my own thoughts later once I have gone through a couple more bogus subsidiary accounts. 42 writes:

NXT
NXT

Next is a buy

Last week I had a deco at Next (NXT) shares, noting that the share price had weakened somewhat. The share price then was 6,905p and arguably the share looked as though it had found some linear trend support. But something stayed my hand. Was it the god of markets placing a forbidding index finger on my shoulder? More probably it was the rating the market had given the shares. On consensus estimates for the current year to January 2015 the share at 6,905p was on a prospective PER of nearly 17 times. Next is a remarkably successful company and deserves its premium but even so……? 

QPP
QPP

Quindell – No Reason for the Share Price Movement: Bollocks & I refer you to 2002

Quenron (QPP) has today sought to reassure investors that there is no reason for its shares to be collapsing. There is. I shall come to that in a second. But first, here is what the Quinnovation Group has to say:

ASW
ASW

Vin Murria delivers with another strong showing by Advanced Computer Software

Advanced Computer Software (ASW) has issued a trading statement stating that it “expects to report first half results in line with the management's expectations” and considers that it has “a very strong platform for long term sustainable growth, both organically and through acquisitions”.  Well done Vin Murria, the best CEO I the sector by a mile, who I saw shortly before leaving England and who never lets her investors down..

BRY
BRY

Brady plc – do “the shares look attractive” following a positive first half year?

Shares in provider of trading and risk management software to the global commodity, energy and recycling markets, Brady plc (BRY) have recovered to a current 77p having fallen to 62.5p in the aftermath of an early year profits warning noting that the company was “disappointed with the impact of timing and currency” on its 2013 calendar year results. The following updates post the release of a trading statement for the first half of 2014.

QPP
QPP

Quindell and ANOTHER (misleading) Trading Statement as the shit hits the fan

On 14th July Quindell (QPP) issued a trading statement. Its interims are on 21 August. And so today it issues, er um yet another trading statement. Why? Because its shares are in free fall. The statement implies that all is well and the shares have clawed back some of their losses but it simply fails to deal with the bear case. My stance is still sell with a 1p target. Here is why you should view this as a selling opportunity. 

GBO
GBO

Globo plc – cash flow & balance sheet concerns remain

Shares in Globo plc (GBO) currently trade higher, at more than 50p, today on the back of an update reporting “a strong financial performance in the first half of 2014, ahead of market expectations” and that “we remain confident about our future prospects”. However, what about decisive cash generation?

  • 2735 days ago
IQE
IQE

IQE - Outstanding Recovery Buy

IQE (IQE) has announced in a trading statement that revenue was lower but that “a combination of efficiency gains, economies of scale, and sales mix has improved profitability “in the first half of 2014 and that it “is confident that the group remains on track to achieve its expectations for the full year”.  On that basis the shares, at 20.75p offered, the shares are a buy.

SYM
SYM

ShareProphets Tip of the Week: Buy Symphony Environmental at an 11p offer

AIM listed Symphony Environmental Technologies (SYM) has not covered itself in glory over the years in terms of revenue and earnings visibility. Its d2W and d2p compounds seem exciting but one year sales are up and a big breakthrough is promised the next year they fall and dreams turn to dust. But a trading statement last week was great and the shares are our share tip of the week at 11p. Here’s why.

TEP
TEP

Telecom Plus – my previous bear call on the shares correct, but what now?

I previously updated on this website on Telecom Plus (TEP), which trades as ‘the Utility Warehouse’ and is the UK's only fully integrated provider of a range of utility services spanning both the communications and energy markets, in April with the shares then at 1780p – concluding that I’d require a lower prospective rating before considering an investment (see HERE). Post a trading statement earlier this week and with the shares currently at 1312p would I buy?.

KBT
KBT

K3 Business Technology is a buy at 216.5p

K3 Business Technology (KBT) has announced that for its year ended 30th June 2014 “trading in the second half of the financial year across the group has been good and, accordingly, the board expects results for the year to be in line with market expectations”.  The shares are, at 216.5p, way up on my share tip on the Nifty Fifty at a 148p offer but still have further to go.

Monitise plc – forecasts down, share price to fall again?

Shares in mobile banking, payment and commerce company Monitise plc (MONI) were hit earlier this month by a trading statement – as analysed HERE. Heck, let's not beat about the bush: trading statement equalled revenue warning. Forget about profits, they are years away (at best). With lower forecasts now in place and the shares having recovered a bit to a current 46p, should you buy?... No!

SYM
SYM

Symphony Environmental Trading Statement - we are not yet 100% up but soon will be!

Symphony Environmental Technologies (LSE:SYM) has issued a trading statement updating we loyal followers that “revenues are expected to be approximately £3.3 million for the first half with administrative expenses significantly reduced following the cost reductions undertaken during 2013” and on various business progress made.  We are well ahead on this share tip but there is more to come…

TCG
TCG

Thomas Cook – Harriet Green to get her P45 with profits warning and rebranding farce?

I have predicted it before but predict again – the imminent trading statement from Thomas Cook (TCG) will be a profits warning. Of that I am certain. My question is whether its self-important and image obsessed CEO Harriet Green gets a one way ticket out of the building the same day.

AVN
AVN

Avanti Communications – The “Trading Update” and Expectations – Sell

Avanti Communications (AVN) is now officially my Victor Meldrew stock: “I just do not believe it!” Last week it served up a “contract win” announcement that was utterly incredible. Now for this, drowning in debt, needs to raise equity Company we turn to the mystery of the full year trading statement.

LRM
LRM

Lombard Risk Management – Buy after solid trading statement

Lombard Risk Management (LRM) has issued a trading update that it “remains on target to achieve the market growth forecasts for the current year… supported by recent new licence wins and additional new orders won with existing customers” as well as announcing the appointment of a new Chief Financial Officer, Nigel Gurney. 

XPP
XPP

XP Power Valuation Undemanding says Prostitute Researcher Edison – who are you kidding?

Researcher Edison is paid by companies to produce research. It is a prostitute. It does not question how good looking the client is or how much its breath smells of garlic it just gets on with the job at hand, penning research. At the end of the job the client is satisfied. The research is always bullish. And so worthless. Case in point XP Power (XPP) which at 1,494 is described as have an “undemanding” valuation. Oh tickle my cojones again madam and tell me how well-endowed I am.

Cineworld Trading Update – c20% share price upside

Cineworld Group (CINE) has updated that trading for its half year ended 26th June 2014 “has been in line with our expectations” and that, “taking into account the strength of film line up in the second half, we are on track with our plans for the year as a whole”.

MTW
MTW

Mattioli Woods – Buy after Positive Trading Statement

Specialist wealth management and employee benefit services provider, Mattioli Woods (MTW) has updated investors that its year ended 31st May 2014 was one of “strong growth, in line with our expectations”. On that basis at 452-460p the shares look cheap.

GBO
GBO

Globo Trading Statement – Meaningless Gibberish

Globo (GBO) this week issued a trading statement which is the usual gibberish from a company driven by issuing non news to support a share price which I fundamental terms is unjustifiable.

blur Group - a second ghastly warning, change name to 'The Damned'?

Shares in the AIM company which grandiosely describes itself as reinventing how businesses do commerce, blur Group plc (BLUR), slumped another 44% yesterday to 155p as it served up a second disappointing trading statement within a month. Time to change the name, while continuing the pop theme, from blur to 'The Damned'?

Edison says it is likely to up forecasts for WanDisco after Q1 Trading Statement

Commissioned researcher Edison has published a note on WanDisco (WAND) following an upbeat trading statement for Q1 out today.

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