Keyword results: trading update

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Supply@Me Capital – second shocking trading warning – just why can’t the FCA see what a total fraud this is?

This is the second dreadful trading update from Supply@ME Capital (SYME)  in the space of six weeks. It demonstrates that the company will soon run out of cash and has hoodwinked mug punters to allow industrial scale director share sales and dumping by death spiral providers. If the FCA does not act on this latest clear evidence of outright fraud, it really is admitting that it is not fit for purpose. Anyone still holding the shares is insane and here is why.

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SOS
SOS
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Sosandar – H1 Trading update looks good, but……

AIM-listed ladies’ online fashionwear purveyor Sosandar (SOS) updated the market this morning with a highly positive trading update. Given that Tom Winnifrith was asking if a profit warning was due, this morning’s statement leaves one wondering if the Sheriff was wrong. Or was he?

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BPM
BPM
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B.P. Marsh & Partners – half-year trading update, reasons for confidence

Early stage financial services businesses investment company B.P. Marsh & Partners (BPM) has made a trading update for its half-year ended 31st July 2021, including that its “portfolio has performed well during the period, and we expect this to continue through the group’s current financial year”.

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RMS
RMS
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Remote Monitored Systems – an absolute horror of a trading update & a bonkers valuation

Shame on all those such as Zak Mir who have promoted this bag of excrement for today’s trading update was a true horror both in terms of what it said but also what it did not say.  Starting with the latter: this is a trading update which admits that sales are SFA but made no mention of losses or the cash position. Why not? I put it to you that if the company was drowning in cash it would shout about it.  That it does not mention it at all screams out the possibility that another bailout placing is on the way. Then there is what is said which is almost as bad.

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The Mystery of the 2 Dogs that barked in the night: Supply@ME Capital “trading update”

Well actually there is no trading – as in generating real as opposed to accounting sales – to report on. Supply@ME Capital (SYME) again offers an update with not one single inventory monetization transaction processed. That is one mystery, the transaction cannot be heard barking at all. And there is another dog that could not be heard barking:

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Hotel Chocolat is an 'omni-channel retailer' survivor

Back in early May, here, I loved up Hotel Chocolat (HOTC), observing that following its early/opportunistic money raising to improve its balance sheet, it 'struck me as a retail survivor five weeks ago and this is double underlined now...put it on your watchlists'.  Since then, the stock has drifted down a little bit, but anyone who supported the money-raising at 225p has been rewarded.  

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SOS
SOS
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Sosandar – Trading and Covid-19 Update: how to polish the unpolishable

AIM-listed online ladies-wear outfit Sosandar (SOS) has updated the market on its forthcoming FY results and the company’s response to Covid-19. On the surface there is much to celebrate – which perhaps is why the shares are up a very impressive 36% as I write. But there are a few niggles to concern…..well, actually, rather a lot.

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SJH
SJH
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St James House: Its Doomsday Clock is at 30 seconds to midnight

On 6 December 2019, AIM uber dog St James House  (SJH) issued a trading update indicating more losses for second half of the year ending on 31 January 2020.  It also stated it was actively exploring options to improve the working capital position of the group before the end of its current financial year end on 31 January 2020 as it was working capital constrained.

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SJH
SJH

St James House: when a bad company meets (perhaps) better management……PLACING AHOY!

You can’t say you were not warned on this website, but the old adage that when a bad company meets (perhaps, or perhaps not) good management it is the reputation of the former which prevails has once again proved true for AIM-listed St James House (SJH), formerly Boxhill (BOX), the past home of Lord Razzall. This afternoon we were treated to a 1pm Trading update: Friday lunchtime – definitely no-one-is-watching o’clock! Uh-oh…………

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Crest Nicholson – another Neil Woodford disaster, but there is good news from The Ghost from Christmas Past

An RNS this morning of a Strategic and Trading Update from fully-listed Crest Nicholson (CRST) brought bad news for investors: a volatile trading environment has seen full year earnings guidance chopped and although we are promised the 33p dividend is still expected to be met, it is only for the current financial year – and then only if trading conditions do not further deteriorate significantly. But there is good news for Woodford investors - well the former ones, at any rate.

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Shoe Zone – full-year trading update. A recovery & income buy?

Previously commenting on Shoe Zone (SHOE) we noted it updating disappointingly but the Big Box and Digital growth elements of its strategy progressing, the latest balance sheet was still in decent shape and it not anticipating any change to dividend policy, with even just the ordinary dividend per share for last year totalled 11.5p – and thus to, at worst, hold. Now a “Full Year Trading Update” from this, the UK's largest value footwear retailer…

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Solid State – positive half-year trading update, remains a buy

Recent share tip electronics group Solid State (SOLI) “is pleased to announce a trading update for the six months ended 30 September 2019”

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Chapel Down – how about a “formal” trading update?

On 24 October 2018 the star of the NEX lobster pot, wine producer Chapel Down (CDGP) issued a formal update on what was a cracking 2018 harvest. Will 2019 be so good, er..

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SGE
SGE
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Still keep seasoning your portfolio with Sage

When I last wrote on one of my tips of the year Sage (SGE) I observed that i retained clear hopes 'of a 7 or an 8 in front of the share price in 2019. Buy'. Well blow me down...the shares finished last week in the 740s, following the publication of its latest trading update. 

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Yourgene – FY Trading update, Do the maths - this is incredibly good!

As you know my only concern over Yourgene (YGEN), where I remain a loyal shareholder, is an ethical one. A full year trading update, though badly crafted - note to board: sack useless PR - is incredibly impressive and removes any financial doubts. The shares have not yet responded. They will. At a 12.75p offer fill your boots at up to 15p – this stock will soon be in the roaring twenties and is a STRONG BUY...

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FUL
FUL

Fulham Shore – after last time “what about profit & the balance sheet?”, a further “trading update”...

Previously writing on shares in Franco Manca and The Real Greek restaurant company Fulham Shore (FUL) it was on a “trading update” which saw me question “encouraging revenue increases”… but what about profit & the balance sheet?. Now a further “trading update”

NXR
NXR

Norcros - first-half trading update, looks to remain good value

Bathroom and kitchen products company Norcros (NXR) has updated that “underlying operating profit for the first half is expected to be in line with the board's expectations reflecting a robust performance and continuing to demonstrate the financial resilience of the group” and that it “remains confident… will continue to drive market outperformance and will enable the group to make further progress in line with its expectations for the year to 31 March 2019”

Purplebricks – you shout about good news you sit on bad news: keep selling

In 2017 Purplebricks (PURP) held its AGM on 29 September and pushed pout an H1 trading update on November 6. The news was not blisteringly good but enough lipstick was put on the dog to fool the sell side analysts. Wind forward 12 months…

SOS
SOS
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Sosandar – in two minds as we approach the AGM

Shareholders in AIM-listed Adam Reynolds stable Sosandar (SOS) have an AGM to look forward to next Tuesday, and I am very hopeful that a trading update will accompany proceedings. At the last count the company reported quarter on quarter growth of 70-odd percent – a remarkable achievement, even for a near start-up. The market is clearly hoping for more of the same, although I’m not sure that rate of growth will have been repeated over the summer holidays. But it has been growing like mad – and we loyal shareholders have done very well.

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Mpac Group – trading update blames Brexit & all sorts, bank any remaining gains; sell

We tipped shares in the then Molins, Mpac Group (MPAC) at a 125p offer price in June last year. They recently returned above 200p, but now have been hit by a half-year trading update…

VOG
VOG

Victoria Oil and Gas – how to deliver bad news: well done!

I previously covered AIM-listed Victoria Oil and  Gas (VOG) with reference to an after-hours warning issued after market close, but during the auction. It looked terrible, but there were mitigating factors which looked to have combined in an unfortunate fashion. This morning Victoria has issued a Q1 trading update. It is not pretty, but I have to take my hat off to the company this morning, for it gives full numbers and investors can make a rational decision.

SOS
SOS

Sosandar - cracking trading update: STRONG BUY

When Sosandar (SOS) listed on AIM at 15p late last year, the forecast was that sales in the year to March 31 would be £1 million. Now we learn that they were £1.34 million. How many companies beat forecasts by that much in their IPO year? This is a special company as anyone who watched the two birds who run it HERE will know.  This is not just about sales. It gets better for we loyal shareholders...

WG
WG

Tip of the year update: John Wood Group

Did you see Friday's AGM trading update from oil services company John Wood Group (WG.)?  Obviously I was all over it like a rash given it was one of my two tips of the year in late December and - as I noted here - a couple of months ago or so, it had a slightly sluggish start.  The better news is that after Friday's move the stock is now back to where it started the year - and I think we go higher from here.  

CMH
CMH

Chamberlin – full-year trading update, recovery commenced? BUY

Updating in November with the shares at 66p, we noted results disappointment from specialist castings and engineering company Chamberlin (CMH) but that it looked worth holding on ahead of a further update. The shares are currently rising above 70p on a trading update for the company’s year ended 31st March…

Buy Veltyco at 89p, target to sell 125p+

Trading Update from Veltyco Group (VLTY) a few weeks ago noted, following continued “strong” trading in December, results “significantly ahead of market expectations”. However, having exceeded 100p last year, the shares are currently available at 89p to buy and this looks to represent an opportunity ahead of April-expected results. BUY at 89p with a target to sell of 125p.

BST
BST

Big Sofa Technologies: Trading update – the cash is all fine, honest!

My Woodford piece earlier today highlighted the challenges of taking too much notice of what you hear from the company itself. I think the same can be said in connection with Big Sofa Technologies (BST) following its poor trading update yesterday.

FST
FST

Frontier Smart Technologies: A solid trading update, nothing more, but still a HOLD

A trading update this week from Frontier Smart Technologies (FST) and although it was solid enough, clearly some were hoping (including me) for an expectation beating update and the share price has come off a tad as a result. So where does it leave it.

Biome – nice update and still a BUY from me

At the end of November, Tom asked for a couple of short-term buy tips and I came up with Biome (BIOM) as one of them with a price at around 215p at the time. It has picked up a bit since then and following this week’s trading update, I thought I should provide an updated view and despite the price rise, this is still a BUY for me.

Pelatro: Positive trading update out - what would Daniel Kahneman do?

As Pelatro (PTRO) is my most recent conviction BUY, I am duty bound to report on any news; so despite not having a huge amount to go on, here are a few thoughts on today’s positive trading update. The skill though in making the right decisions off the back of the new information is to forget the past and so I am channelling my inner Kahneman.

React - another trading update, more management incompetence, boardroom change needed

React (REAT) has updated on results for the year to 30th September in a way that shows that its management are not fit to run a public lavatory let alone a public company.

COS
COS

Collagen Solutions – disappointing first half trading update, stance downgrade

Collagen Solutions (COS) has updated on trading for its half year ended 30th September 2017, disappointingly including that “our first half revenues have been impacted by revenue recognition issues (£150,000) and anticipated orders which, for various reasons, have either not materialised or have been delayed by our customers' own internal issues (2016 equivalent £341,000)”

Reason to sell MySQUAR No. 135: Shocking trading update - pre-placing lies ramp all too clear

The reason for the deafening silence emanating from uber-dog MySQUAR (MYSQ) became all too clear this morning as it issued a shocking trading announcement which makes clear that revenue has fallen off a cliff. Surely something should have been mentioned at the time of the placing in late-July?

APH
APH

Alliance Pharma – half year trading update encourages, still a buy

Alliance Pharma (APH) has updated on trading for the first half of 2017, ahead of a results announcement expected on 13th September…

NXR
NXR

Norcros - full-year trading update boosts shares: BUY

Supplier of branded showers, taps, bathroom accessories, tiles and adhesives, Norcros (NXR) has updated that year ended 31st March 2017 adjusted operating profit “is expected to be in line with the board's expectations” and that “the board is confident that the group is well placed to make further progress”

Veltyco cracking update - increase targets

Our 35p offer price share tip of Veltyco (VLTY) last month is looking good after another cracking trading update. There is more to come.…

Bearcast

Tom Winnifrith Bearcast: Ouzo time for me but a bad bathtime for an AIM CEO tonight

The ouzo refers to the latest crushing blow for snakeoil salesman Darren Winters. This man has claimed to have fleeced, sorry trained, 500,000 Britons yet still the deadwood press fail to report on our takedown of the charlatan. Pathetic. The bathtime refers to the CEO of Tracsis (TRCS) who claims to listen to bearcast in his bath. I comment on today's trading update. Then it is onto China fraud Jiasen (JSI) and its latest bollocks news signed off by low life Nomad Cairn Financial. And then after an en passant look at Polemos (PLMO) I take a very detailed look at Blenheim Natural Resources (BNR) which is overvalued hype with a bushel of red flags thrown in for good measure. I advise my pal Big Dave Lenigas to take profits and sell and others to do likewise.

FDM
FDM

FDM great trading update but we say take profits

Provider of IT consultants, FDM Group (FDM) has updated that a strong trading performance and favourable exchange rate movements see it now anticipating “full-year results ahead of its expectations” – and the shares have responded more than 9% higher to a current 624p ‘bid’ price. So not a bad tip from us...

KBT
KBT

K3 Business Technology - a most disappointing profits warning but hang on

Having been tipped at a 148p offer price at the start of 2013, shares in K3 Business Technology (KBT) have more recently exceeded 350p. However, they are currently back to circa 240p following a disappointing“Trading update” announcement.

SIS
SIS

Science in Sport – a “trading update” which omits to update on the bottom-line impact of trading!

Sports nutrition company Science in Sport (SIS) has made a “Pre-Close Trading Update” announcement commencing that “sales increased 30% to £12.24 million in the 12 months to 31 December 2016”. Sounds promising, what about profitability?…

Cloudbuy Trading Statement: no rush to buy

Having announced on 2 December that it had drawn another £1 million from its secured funding package, leaving me wondering how long it would be before the company had to get out the begging bowl, AIM-listed Cloudbuy (CBUY) has at least delivered on its promise of a trading statement before the end of the year, if not yet the lorry-loads of Hartleys long overdue.

ITQ
ITQ

Interquest another warning and another company chat

A latest “Trading update” announcement from recruitment group InterQuest (ITQ) saw the shares fall to to circa 30p although with Jim Mellon upping his stake they are now 35p. We have had a long chat with the company’s Chairman Gary Ashworth.

Optibiotix a magnificent Trading Update: Buy

We Optibiotix (OPTI) shareholders have been feeling a bit under the cosh of late as the shares weakened on a lack of news. It was just ennui among those of an impatient disposition but still it was annoying. This week's trading statement should reassure the doubters.

KBT
KBT

K3 - very strong trading update, we are more than 100% ahead but still a buy

K3 Business Technology (KBT) has updated that “trading in the first four months of the new financial year is ahead of last year” – this in advance of a key selling period of the forthcoming weeks to the end of December.

EYE
EYE

Eagle Eye Solutions – seeks to emphasise ‘accelerated growth’, but looks to be cash crunch ahoy!

An AGM update from Eagle Eye Solutions (EYE) commences “the year ended 30 June 2016 saw continued progress against the group's strategic and operational objectives. The significant contracts won and the developments to our software platform mean that we entered FY17 with strong momentum”. Sounds promising, but…

OCT
OCT

Octagonal – a nice core business in GIS hindered by conflicts of interest and duff legacy investments, the Inspirit dog with fleas

Octagonal (OCT) published a trading update yesterday which contained some strong numbers from its wholly owned subsidiary Global Investment Strategy UK Limited as follows:

BEG
BEG

Begbies Traynor trading update - good but not great, but the shares are a buy

Begbies Traynor (BEG) has updated on “satisfactory” trading in the first quarter of its current financial year and emphasised that “we continue to be confident of the prospects for the group”. And that makes the shares look cheap.

Action Hotels Trading update - buy

With eleven completed hotels with 2,032 rooms across the Middle East and Australia, Action Hotels (AHCG) has updated on performance for the first half of the year – noting it “was positive… with both the group's Middle East and Australian hotels contributing strong average occupancies”.

Sprue Aegis – H1 operating loss lower than feared, but what about the full-year and outlook?

I commented on home safety products supplier Sprue Aegis (SPRP) in April as its shares were crashing on the back of a profit warning plus - see HERE. The following updates with the shares currently up today, to 181.5p, on the back of a trading update ahead of late September-expected results for the first half of 2016...

SFE
SFE

Safestyle, sod Brexit scaremongering, cracking trading update

Brexit vote fallout saw shares in retailer and manufacturer of PVCu replacement windows and doors, Safestyle UK (SFE) decline from more than 260p towards 200p, before recovering towards 240p. The recovery has now been further aided by a half year trading update.

KBT
KBT

K3 Business Technology - Trading Update, our share tip 100%+ ahead but stance upgraded to buy

Drat. There is that phrase again. Results for the year to June 30th 2016 are expected to be "broadly" in line. That is stockmarket speak for "a near miss". No wonder the shares fell a tad on the announcement to 310-333p. We are well ahead of our 148p offer share tip but down on a few months ago.

RhythmOne (née blinkx) – under “Financials” states is “to exceed management expectations”, BUT... Cue Ronan again…

“First Quarter Trading Update” announcement from RhythmOne (RTHM, née blinkx). First section: “Financials… Q1 2017 performance is expected to exceed management expectations”. Ok, let’s take a look at the numbers then. Oh!…

NRR
NRR

New River Retail - Bull Case Intact as Shares Cheapen

New River Retail (NRR) has issued a strong first quarter trading update which shows continued operation progress at this growing REIT. Even better, Brexit-related share price weakness looks to have created a potential buying opportunity for watchers of the shares.

LRM
LRM

Lombard Risk Management – the spin has been devious & is now ridiculous…

Having pissed on private investors (followed a results statement noting “a position of strength” and “great confidence and the announcement of a “Significant Contract Win” with a discounted fundraising), Lombard Risk Management (LRM) has further updated...

WTM
WTM

Waterman - a cracking trading update: BUY!

Engineering and environmental consultancy group Waterman (WTM) has updated that revenue during the first nine months of its year (to end June 2016) is up 10%, that it continues to anticipate “a significant increase” in adjusted operating margin and that it now expects year-end net cash will be above the current market forecast.

PMP
PMP

Portmeirion – shares down 9% despite AGM update including “we expect profit before tax to be in line”. Hmmm…

AIM-listed homewares group encompassing the Portmeirion, Spode, Royal Worcester and Pimpernel brands, Portmeirion (PMP) concludes an AGM update that “we expect profit before tax to be in line with market expectations for the full year”. The shares have though responded currently approaching 9% lower, at 1155p. Hmmm…

FDM
FDM

FDM Group - very strong trading update

FDM Group (FDM) has updated on “a strong operational and financial performance for the first quarter of 2016”, seeing that “the board remains confident of meeting its expectations for the full year”.

Lloyds Bank: geek analysis says the stock is cheap

Very, very occasionally applying some of the techniques applied by the ‘teenage scribbler’ analysts in the formal and overpaid analyst sector can be useful.  Today’s numbers from Lloyds Bank (LLOY) is a good example.  As I write the shares have dumped today because today’s Q1 trading update contained some profit numbers that did not meet hopes.  Actually to be more precise some complex buying back of bonds has complicated the reported numbers.  The ‘teenage scribblers’ have called it a ‘miss’ and down the shares go.  However - as is the way with analysts – those same scribblers after a bit of reflection will crank out their formal number crunching and conclude the stock is ‘cheap’.  In short the voting machine is cautious whilst the weighing machine gets more optimistic.

TEP
TEP

Telecom Plus – year-end Trading update

Last week fully-listed Telecom Plus (TEP) released its full year (to Mar 2016) trading update ahead of results to be published in mid-June. It all looks great on the surface, but I think the shares look very toppy.

AO
AO

AO World – Q4 “Trading Statement”, with a focus on ‘adjusted EBITDA’ (natch)...

Online retailer of major domestic appliances, AO World (AO.) has updated that its “UK business performed strongly during the fourth quarter with revenue and EBITDA ahead of our expectations” and that also “European adjusted EBITDA for the full year will be slightly better than expected”. This has helped the shares currently more than 5% higher to 182p - but wait, they were over 300p little more than a year ago. Hmmm...

Cloudbuy – kitchen sink RNS. Buy or Bargepole? Part 3

Looking through the lengthy RNS from AIM-listed Cloudbuy (CBUY) of last Thursday afternoon a few things caught my eye. I have already discussed the refinancing (HERE) and the repricing of director share options (HERE) but there is plenty more to look at. Here we consider the trading update, corporate governance and a few other matters.

Ocado Group – trading update reckons “steady progress”, but what about cash generation?

I previously updated on online retailer and technology group Ocado (OCDO), questioning whether its results for its year ended 29th November 2015 really represented “good progress in a challenging market environment” HERE. The following reviews a latest trading update – this time emphasising “we are pleased with the steady progress in our business”. Hmmm…

SPA
SPA

1Spatial solid trading update - buy

1Spatial (SPA) has updated that “the group has made good progress in the second half of the year” to 31st January 2016, that it “ended the period with a strong order book and pipeline of opportunities for the coming year”and that it has exercised its call option to acquire a further 26% of its US distributor Laser Scan.

MySale Group – do interim results alter previous scepticism?

Having questioned whether a January trading update from Australia & New Zealand, South-East Asia and UK online retailer MySale Group (MYSL) was as positive as it initially seems (see HERE), I now review on the back of the results announcement for the six months ended 31st December 2015…

AN
AN

Alternative Networks – futility of attempted ‘no one watching o’clock’ “Trading update” again shown

A 5:06pm “Trading update”, Uh oh. A 24th February such announcement from IT and telecommunications provider, Alternative Networks (AN.) commenced that “the group's Advanced Solutions business continues to make good progress following the completion of the integration of the acquisitions made in 2014…”. Oh, ok. “… This has recently been offset by significant ongoing pressures in our mobile business”. Uh oh, here we go…

GRA
GRA

Grafenia – hopefully my previous calls on this heeded; it’s another profit warning

“Trading Update” announcement from Grafenia plc (GRA) commences “Post the last market update, trading has been more challenging in the company's domestic channels. Our markets have never been more competitive, with established players, aggressive pricing from new European entrants and domestic commercial printers diversifying into the trade print sector”. Uh oh…

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? ...

UTW
UTW

Utilitywise plc – first half trading update, still red flags ahoy?

Having previously highlighted areas of particular interest in the accounts of Utilitywise plc (UTW) HERE, a recent “Trading Update” notes that “the group has performed in line with management expectations”. But what does this mean for the areas I highlighted?...

Action Hotels Trading Update - stance upgrade to buy

Ahead of April scheduled results for 2015, Action Hotels (AHCG) has updated that its nine operational hotels performed strongly and in line with expectations” and that “an increase in reported net asset value is expected as a result of new hotel openings, upward revaluations of existing properties and new additions to the portfolio”.

SFE
SFE

Buy Safestyle at 256p

Investment Case: Safestyle UK (SFE) listed on AIM in December 2013 at 100p per share and has since performed well, the shares soaring to over 270p early this year. They are now however back to a current 256p offer price and a recent positive trading update suggests that they offer, particularly Income, value here - and so this is our latest Nifty Fifty share tip.

DPP
DPP

DP Poland – a “Trading update”, which is not really a trading update

With the exclusive right to Domino's Pizza stores in Poland and currently 16 corporately managed and 8 sub-franchised stores (in Warsaw, Krakow, Wrocław, Gdansk and Szczecin), DP Poland plc (DPP) has made an announcement today entitled “Trading update”, which is not really a trading update…

Tungsten Corp – trading update reiterates much, but there’s a significant omission

Tungsten Corp (TUNG) has updated that “trading in the third quarter was in line with market expectations, and that revenues for the full year to 30 April 2016 are expected to be broadly in line with its previous guidance”. With that guidance – for “revenue of at least £27.5m” – emphasised as recently as December, the now only “broadly” in line has helped the shares currently around 8% lower today towards 60p. And there is more…

WTM
WTM

Strong trading update from Waterman - still a buy

Waterman Group (WTM) has updated on “a successful interim trading period”ahead of results scheduled for 29th February.

EYE
EYE

Eagle Eye Solutions – heavy spinning spotted in ‘trading update’

Digital promotions and marketing technology group, Eagle Eye (EYE) has announced a “first significant international client” win and that “during the first half of FY2016 the group has continued to trade well”. The shares are though currently down more than 7% at just over 200p. What’s going on here?…

SAL
SAL

Spaceandpeople strong trading update - buy

SpaceandPeople (SAL) has updated that “trading in the second half of 2015 was in line with management expectations”, that it intends to propose a 10% increased dividend per share of 2.2p and that with an “announcement of a new relationship with British Land we have had a positive start to 2016”

Nektan – spinning faster out of control

Following on from my earlier piece on my bear pick for the year, Nektan (NKTN), today’s trading update indicates that it is unravelling faster than even I imagined. 

EU Supply plc - trading update, material 2016 cash burn reduction needed or again fundraising ahoy!

Shares in e-procurement software provider, EU Supply (EUSP) currently trade approaching 30% lower today, at 4.5p, on the back of a “trading update”. Hmmm, I wonder what that has in store? 

HAL
HAL

HaloSource: As I predicted - further trading disappointment, placing ahoy!

Following my review in November of clean water technology company HaloSource Inc. (HAL) HERE, it updated the following month that it has resumed full production at its drinking water facility in China but that, as a result of the shutdown, “we expect total consolidated revenues for the year ending 31 December 2015 to be materially lower than current market expectations and in the range of $18 million to $19 million”. However, with “the majority, if not all” of delayed orders expected to be shipped in Q1 2016 and as “market demand for our class leading HaloPure Drinking Water technology continues to increase… we expect a strong 2016”. Hmmm…

JSI
JSI

China FRAUD Jiasen – GOTCHA! The LIE in its Interims

We shall, for a moment, suspend our disbelief over the stated cash position of ShareProphets AIM-China Filthy Forty member Jiasen (JSI). Let us, for a moment, simply take the company at its word. Deeper analysis of yesterdays trading statement numbers shows a horror story unfolding, and casts a strange light on previous statements from the company. I suggest that what follows shows that Jiasen is toast, and uninvestable.

ITQ
ITQ

Interquest Trading update - buy

InterQuest (ITQ) has updated that “trading for the financial year ended 31 December 2015 was in line with market expectations” and that it is “encouraged by the continued growth we are experiencing and the exciting initiatives of our new executive management team”

FOX
FOX

Fox Marble Trading update - buy

Fox Marble (FOX) has updated that 2015 reported sales are expected to be around a self-declared “disappointing” €230,000, but that the outlook for 2016 is much more promising indeed. And that is why the shares are a buy. This has been a poor share tip to date but now is a time to average down big time.

KBT
KBT

Very pleasing trading update from K3 Business where we are well over 100% ahead - more to come

K3 Business Technology (KBT) has updated that “profitability for the first half is expected to show a significant increase year-on-year in line with management expectations” and that it“remains well positioned to attain market forecasts for the financial year, with high levels of recurring revenues as well as a strong pipeline of prospects”

MySale Group – is the half-year 2016 trading update as positive as it initially seems?

Having been (thus far correctly) sceptical at its 226p (or was that £2.26?) per share 2014 IPO and just after, I now update with shares in international online retailing group MySale (MYSL) currently edging higher towards 45p on the back of an update that it “has made good progress in the first half of the current financial year” with “strong momentum into the second half of the year”. Is all though as positive as these statements suggest? ...

Fitbug Trading Update - short on numbers, very short on cash..its fucked

It is not what Fitbug (FITB) says in its year end trading update which is alarming but what it does not say. Mr Market was not fooled by this hogwash and the shares are off 20% at 0.9p. That makes the shares still overvalued by circa 100% but the final demolition of this POS, which was ramped so disgracefully by certain folks, can wait for 2016.

WANdisco – after-hours contract wins RNS: Why?

It is pretty unusual for a company to slip out good news at no-one-is-watching o’clock, but that is what AIM-listed and rather short of cash WANdisco (WAND) pulled out of the hat yesterday at 5.26pm. Is the news really that good? And talking of hats…..…is this all just a precursor to passing the hat around to raise some much needed cash?

Audioboom Group – year-end trading update; CEO Rob Proctor claims “success”, I (& the market) disagree…

Spoken-word audio platform group Audioboom (BOOM) has updated first on its ‘KPIs’ (including the likes of record total monthly and quarterly listens, 859 new content channels added during the quarter and over 275,000 new registered users signing up) and then on its financials & outlook; including “revenues increased significantly on the previous year but are below market expectations” and “shift in timing and pace of adoption will have an impact on expected full year revenues for 2016”. Uh-oh…

VLK
VLK

Vislink plc – "trading statement" attempts to follow management cowardice and greed with PR spin

Vislink plc (VLK) announced a new management “incentive policy” in July, with shares in the company having exceeded 60p in the prior month. We railed against the policy – see, for example, HERE and HERE and interim results in September saw a swift share price decline to around 45p. A trading update this month - which begins by noting that “the introduction of IP based technologies into our target markets continues to give Vislink Communication Systems and Pebble Beach Systems significant opportunities” - has seen the shares further lower to comfortably sub 30p. Hmmm…

HAL
HAL

HaloSource Inc – “Trading Update” + shares down more than 20% =?

Headquartered in the US with operations in China and in India but listed on AIM (Hmmm), shares in clean water technology company HaloSource Inc. (HAL) currently trade more than 20% lower today. This is on the back of a “Trading Update” – which includes that “total consolidated revenues for the year ending 31 December 2015 will be materially lower than market expectations and, consequently, the net loss for the full year will be higher than market expectations”

Goals Soccer Centres – trading update continues poor run of form…

Shares in operator currently of 46 5-a-side soccer centres in the UK and one in Los Angeles, Goals Soccer Centres (GOAL) are currently down more than 14% today, at 131.5p, on the back of an, ahem, “trading update” - Tom has aleady kicked this one hard in Bearcast but here's the hard analysis.

Shoe Zone - director sales, hmmmmm

Following a recent positive trading update, Shoe Zone (SHOE) announced a £4.74 million sale of shares by CEO Anthony Smith and COO Charles Smith, with a purchase of rather less by the wife of CFO Nick Davis.

KMR
KMR

Kenmare – Q3 Trading Update gives no cause for optimism

Yesterday saw ISX and LSE listed Kenmare Resources (KMR) issue a trading update for Q3. Plenty of numbers, detail on improved production and shipped tonnage. But the elephant in the room is, as it always is with Kenmare, the state of its finances and that we got absolutely nothing at all. In other words the update was about as much use at the FCA is at preventing fraud on the London Markets.

AMO
AMO

Amino Technologies – as share price action suggests, “Trading Update” = Profit Warning

Tom Winnifrith & I tipped shares in Amino Technologies (AMO) on the Nifty Fifty Income portfolio at an 82p offer price in October 2014, before recommending banking gains and selling at 141p in June – see HERE. I now update with them down approaching 30% today, at 110p, on the back of a “Trading Update” (AKA obviously a profit warning)…

HDT
HDT

Holders Technology – shares down 20%, “trading update” = you’ve guessed it…

Having in July announced a reduced loss of £81k for the first half of its year and that “we anticipate continued progress towards our goal of achieving acceptable returns in the second half of the current year”, shares in Holders Technology (HDT) are 20% lower at 30p on the back of an, ahem, “trading update”

TCM
TCM

Telit Communications – “trading statement” further suggests the value of our AIM short positions monitoring

Following trading update disappointment from AIM-listed Regenersis plc a few months ago, I noted that it suggested the value of checking our such short positions updates – with there continuously having been a disclosed short position in Regenersis since November. Since August there has been such a position in Telit (TCM) and now…

ESG
ESG

SHOCKING: eServGlobal – “trading update” = take a guess, it’s thus “EBITDA*” time…

Last week I updated on eServGlobal (ESG) HERE, concluding that ‘with HomeSend still having much to prove and there still clearly trading and financial difficulties for the core business, particularly ahead of a further trading update expected later this month, I remain bearish’. The shares are currently down approaching 25% today, at 5.5p, as guess what? …

blinkx plc – “in line” trading update no reason for shareholders to celebrate…sell

Blinkx plc (BLNX) has updated that “performance for H12016 is anticipated to be in line with expectations” – unfortunately for shareholders this follows a profit warning as recently as 24th August and means an anticipated “adjusted* EBITDA loss of approximately ($7 million)”

SGI
SGI

Stanley Gibbons Trading update - average down

Stanley Gibbons (SGI) has updated that “it is currently uncertain whether high value sales completed by 30 September 2015 will be at the level required to achieve the group's internal budgets for the first half of the year” but that “the directors continue to believe that the group will achieve market forecasts for the full year ended 31 March 2016”

IOF
IOF

Iofina – time for another profits warning or bailout placing? Or both?

On 14th July 2015 AIM Casino dog Iofina (IOF) made its last announcement – the usual bag of shite trading update. Its shares closed the day at c22p. The shares are now 14.5p having fallen steadily over the past two months but aggressively of late. So when and what is the bad news?

ISL
ISL

IS Solutions - bullish trading update confirms another winning share tip, shares still cheap

Noting a little changed share price in 2015 despite continuing positive progress, we tipped shares in IS Solutions (ISL) on our Nifty Fifty website at a 56p offer price in May.  They had since been little changed, but a trading update has now changed that – with they currently approaching 35% higher on its back at 69p-71p. So far so good...

Red Flags at Night: China Chaintek – ShareProphets RNS Translation Service explains a trading Statement from a FRAUD

Yesterday, bang on the button of market closing time, AIM-listed China Chaintek United Company Limited (CTEK) enhanced its credentials for member ship of the Norfolk province of AIM with a trading update. This was nothing to do with keeping investors updated as the numbers are sheer fiction. It was a panicked attempt to stem a share price collapse.

CAP
CAP

Clean Air Power Ltd – Value destruction & Executive greed

I previously updated on Clean Air Power Ltd (CAP) in June following a 3:33pm “trading update” asking, with the shares then at 1.35p, where’s the shareholders’ bonus and benefits? (see HERE). Things have since got worse…

Tesco – every little improvement helps (and hello 225p again)

Well hello again a 225p Tesco (TSCO) share price.  Friday’s trading update still has plenty of grim headline news contained within it (-1.3% UK like-for-like sales performance and a general food retail market that is ‘still challenging and volatility is likely to remain a feature of short-term performance’) but Tesco shares had a better day.  

Windar Photonics – a “trading update” extraordinary even by the standards of the bottom of AIM

Having listed on AIM on 30th March this year, wind turbines technology company Windar Photonics (WPHO) announced results on 29th May including that “during the last financial year we have managed to meet our sales targets and are now well positioned in the current financial year, particularly in the Chinese market”. There is now however “a trading update based on the company’s performance during the first five months of 2015” which includes that “the directors anticipate that there will be a material revenue shortfall in this region (Asia) for 2015… this will have a consequentially material adverse effect on the group sales and losses for the current year ending 31 December 2015”. You what? …

blur Group – the omnishambles continues

Following another shambolic “trading update” from blur Group (BLUR) last month, the shambles has continued. You couldn’t make this stuff up…

CCH
CCH

Europe’s guzzling of Coke Zero boosts Coca-Cola Hellenic

Forget austerity, economic malaise, grinding political angst and the magnitude of Greece’s debt the most important influence on the Greek-tinged but London listed Coca-Cola Hellenic (CCH)'s solid trading update today was… strong Coke Zero sales.

IND
IND

IndigoVision Group – “trading update” (aka profit warning) disappointment

After concluding that there looked good value on offer in shares in IndigoVision (IND) at 472.5p in September, the shares exceeded 490p the next month but fell significantly yesterday following a “trading update” (aka profit warning). The following reviews…

SND
SND

Sanderson Group – shares still attractive following half-year 2015 trading update?

Software and IT services group Sanderson (SND) has updated that it has “a good level of confidence” of delivering trading results for its full-year in line with market expectations following a half year to 31st March 2015 of “continued progress”. Having previously concluded that the shares looked a quite attractive proposition following the company’s previous results announcement, the following updates…

ADT
ADT

Adept Telecom - very pleasing trading update...but

Another winning share tip! AdEPT Telecom (ADT) has updated that profit for its year ended 31st March 2015 is expected to be in line with market consensus expectation, with cash flow ahead – enabling a more than 58% increase in total dividends for the year.

blur Group – another shambolic “trading update”, any ‘distance left to run’?

Shares in blur Group (BLUR) currently trade a further more than 30% lower today, at around 55p, on the back of more financial reporting woes. The following updates, though don’t say I didn’t warn you – see, for example, HEREHEREHERE and HERE

ASC
ASC

ASOS – Q2 2015 trading statement; sales cheer, but margins fear

On the back of an update on trading to the end of February, shares in online 'fast fashion' retailer ASOS plc (ASC) have rebounded sharply, to currently more than 3700p. However, is the move justified?

AVS
AVS

Avesco - more than pleasing trading update

Provider of rental equipment and services for broadcasting, Avesco Group (AVS) has updated that “trading in the first few months of the financial year has continued the positive trends seen during last year”, that “the outlook for the summer period also looks promising” and that “the directors anticipate that results for the year to 30 September 2015 will be comfortably ahead of their previous expectations”.

VLK
VLK

Vislink Bullish Trading Update - our faith vindicated

Specialist in the collection and delivery of live video and associated data for the broadcast, surveillance and defence markets, Vislink plc (VLK) has updated that it “anticipates adjusted operating profit for 2014 to be ahead of market expectations… following a better than anticipated end to the year” and that “trading for the current year has started in line with market expectations”.

CRE
CRE

Creston – review as research update follows disappointing trading statement

Following a trading update from marketing communications group Creston plc (CRE) which noted just 1% revenue growth in the three months to 31st December 2014 “as a result of some client budget cuts and project delays within the UK health business, which will also affect the group's final quarter revenue”, we opted to take profits on the Nifty Fifty site. The following reviews following a research update.

RST
RST

Restore good trading statement but...

Restore plc (RST) has updated “that trading for the year ended 31 December 2014 was in line with expectations”and that “we have an excellent platform for further profitable growth with strong visibility of earnings”

EMR
EMR

Empresaria very strong trading update - at least 25% share price upside

International specialist staffing group, Empresaria (EMR) has updated investors that calendar 2014 “profitability will be slightly ahead of market expectations” and that “we see exciting growth opportunities ahead and are confident in our ability to continue to deliver profitable growth”

JDG
JDG

Judges Scientific – 2014 trading update offers only “fragile encouragement” for 2015

Scientific instruments designer and manufacturer, Judges Scientific (JDG) has updated on “a challenging year in 2014”, though noting order intake “recovered in the fourth quarter to a weekly level in line with the group's original target”. With the shares at a current 1550p well down on early 2014 highs of approaching 2400p but having recovered from sub 1100p October lows, what is the outlook from here?

Cineworld Strong Trading Update leaves us well ahead on this share tip

Cineworld Group (CINE) has announced that “we anticipate that group profitability for the year ended 1 January 2015 will be towards the top end of market consensus”. This follows its UK & Ireland business having continued to outperform the wider market and stronger box office growth elsewhere.

Ocado ... Obfuscation warns the Dark Destroyer

You can sometimes tell more from what a company doesn't tell you than what it does. Take for example, Ocado's (OCDO) -  market cap £2.4 billion -  trading update for the Christmas 2014 period, released this morning.  

XAR
XAR

Xaar – forecasts increased, but the picture bright enough to suggest the shares a buy?

Following a recent more positive trading update from digital inkjet printing technology company, Xaar plc (XAR), researcher Edison has upgraded its (previously vastly reduced) earnings forecasts for 2014 and concluded that “the rating does not look demanding given the growth potential, IP and cash generation”. The following reviews.

ZYT
ZYT

Zytronic plc – full-year results reward investors, but still value?

I wrote on Tyneside-based developer and manufacturer of touch sensor products, Zytronic plc (ZYT) in September post a positive trading update – concluding that, at 255.5p, the shares still looked decent enough value. The following updates post the company having now announced results for its year ended 30th September 2014 - and with the shares now approaching 300p.

MTW
MTW

Mattioli Woods Trading Update - all on track

Specialist pension, wealth management and employee benefit services provider, Mattioli Woods (MTW) has updated that “current trading is in line with the board's expectations” and that it “is very well positioned to secure further profitable growth going forward”

GBO
GBO

Globo plc – Q3 trading update confidence, but enough to allay concerns?

Globo plc (GBO) has updated that it “continues to innovate and grow on all fronts” and that “we are confident that the successes of the first nine months of the year will continue through the remainder of 2014 and beyond”. With the shares, at 45.25p, down from more than 87p reached in October 2013 but currently up by 6.5% today to capitalise the company at £169 million, is it still wise to be short here?

4imprint Group – very positive trading update, but enough to make the shares a buy?

Promotional products direct marketer, 4imprint (FOUR) has updated on revenue growth “ahead of management expectations” and “underpinning the board's expectation that the group will achieve a good result for the year as a whole”. The following reviews with the shares having currently responded more than 13% higher to 780p.

TEP
TEP

Telecom Plus - trading statement sufficient to remain bullish?

Telecom Plus (TEP), which trades as 'Utility Warehouse' and is the UK's only fully integrated provider of a wide range of communications and energy utility services, has updated on “accelerated” organic growth momentum in the second quarter of its year to 31st March 2015 and that it is “comfortable (subject to unforeseen circumstances) with full year market expectations”. The following updates with me having turned bullish with the shares just over 1300p in July.

PLA
PLA

Plastics Capital - average down/buy on the trading update

Niche plastics products group Plastics Capital (PLA) has updated investors that it “is trading broadly in line with market expectations” and “anticipate another year of reasonable progress”. The detail has though impacted the share price.

EGS
EGS

eg solutions – positive interims, but already in the share price?

AIM listed, Back office workforce optimisation software company, eg solutions (EGS) has announced results for the six months ended 31st July 2014 and that “trading in the two months since the half year end has continued to be positive and the company remains confident of achieving market expectations for the full year”. Is this though discounted in a share price now approaching 80p having been sub 55p as recently as last month?

ZYT
ZYT

Zytronic plc – shares up 15% on trading update, but still value?

Shares in Tyneside-based developer and manufacturer of touch sensor products, Zytronic plc (ZYT) currently trade approaching 15% higher today, at 255.5p, on the back of a trading update stating that “the board now expects pre-tax profit for the full year to be significantly above the market consensus”. Is this discounted in the now share price?

EGS
EGS

eg solutions – highly positive first half, should we buy the shares?

Shares in back office-optimisation software company eg solutions (EGS) currently trade approaching 30% higher today, at 70p, on the back of an announcement of “a material new contract with an existing client” and “strong momentum in trading”, which see that it now “expects to report financial performance for the full year to 31 January 2015 ahead of current market expectations”. Following the rapid share price  rise yesterday, what is the value situation here?

HVN
HVN

Harvey Nash Group – half-year trading update - Buy!

At a current 103.5p, shares in international executive recruitment and professional services group Harvey Nash (HVN) remain well ahead of the 70p I noted they looked to be decent value at last year but down on the 116.25p of my previous update. The following reviews with the company having today updated on its performance for its half year ended 31st July 2014.

CMH
CMH

Chamberlin plc – a recovery buy starting to deliver

In May I noted attractions as a recovery play in shares of foundry and engineering company Chamberlin plc (CMH) at a then 73.5p – see HERE. The following updates with the shares now up to 87p following an AGM trading update and subsequent director share purchase.

NFC
NFC

Next Fifteen Communications – time to buy?

Next Fifteen Communications (NFC) has updated that recent trading has seen a continuation of positive growth trends and that despite the strength of sterling, against the dollar in particular, holding back reported revenues and profits, it expects annual revenues to have exceeded £100 million for the first time in the company's history and “to deliver results at least in line with management expectations”. With me having concluded in January that at an approaching 90p share price there looked to be some growth and income value on offer here, the following updates with the shares currently at 114.5p.

GBO
GBO

Globo plc – readers' questions answered my reservations not

My review of the trading update earlier this week from Globo plc (GBO) elicited a couple of reader comments – particularly asking “what cash situation do you want from a company in the growth stage”? and “would you please comment on globo 2013 final accounts ageing of trade receivables”. Showing it to be incorrect that “whenever a question is asked it is ignored by the shareprophet writers”, the following reviews.

KBT
KBT

K3 Business Technology – we are 45% up on or share tip but still upside

K3 Business Technology (KBT) yesterday announced a £0.61 million “strategic infill” acquisition of Retail Technology Ltd, a ‘Microsoft Dynamics’-based electronic point of sale provider to smaller retailers.  That is more good news for a share where we are already 45% ahead on our tip – there is more to come.

GBO
GBO

Globo Trading Statement – hang on fellows

Shares in Globo (GBO) are 5% ahead on the back of what appears a bullish trading update. But hang on am I missing something here? 

ETO
ETO

Entertainment One – Excellent Value at 333p

Analyst Fiona Orford-Williams ( who we bet did not grow up next door to Brokerman Dan Levi in the Manchester slums sharing a communal outside lavatory) at commissioned researcher Edison reckons that shares in Entertainment One (ETO) are “excellent value” at 333p after the trading update yesterday. Excellent maybe Edison over-egg but good value is perhaps not unreasonable.

CLL
CLL

Cello Group – a big winner to date for me, but still more to come?

I identified value in the shares of marketing group Cello (CLL) on this website last year at 54p (see HERE). The following reviews with the shares currently at 92p following an update from the company which includes that “trading for the first six months of 2014 will be well ahead of the same period in 2013 and that it expects to at least meet current full year market expectations”.

blur Group – no longer ‘reinventing commerce’, but reinventing a “trading update”?

AIM Listed blur Group (BLUR), the company whose RNS announcements used to declare that it was “reinventing commerce at blurgroup.com” but now a touch less grandiosely state that it “operates the market leading, cloud-based platform for s-commerce”, has updated that “project bookings for the first half of 2014 have increased by more than 200% year-on-year to $16.04m (H1 2013: $5.2m)”. The following reviews with the shares having nudged a couple of percent higher to 79.5p on the "trading update", with reporting woes earlier this year having brought them down from at one stage approaching 800p.

GBO
GBO

Globo – acquisition & trading update But SMTM

Since I last commented on the company in May, Globo plc (GBO) has updated on trading and then most recently announced an acquisition – this of the services division of Sourcebits Inc., a developer of mobile applications and proprietary products for enterprise customers. But Show Me The Money! I mean where's the cashflow?

Cineworld Trading Update - Buy

This is a share tip we are modestly ahead on but there is more to come. Cineworld Group (CINE) has updated us all that trading for the first 18 weeks of its year “has been in line with expectations” and that it “remains confident of delivering a performance for the year as a whole in line with current market expectations”.

ETO
ETO

Entertainment One - trading update, continues to produce

Recent new FTSE-250 constituent Entertainment One (ETO) has announced that results for its half year ended 30th September 2013 are to be announced on 19th November. Should we look forward to good news and are the shares cheap. Yes and yes.

MPI
MPI

Michael Page International - what does an appraisal of Q1 trading update suggest about global economic performance and the company's share price?

A trading update earlier this week from FTSE 250 recruitment business Michael Page International (MPI) is interesting because the company’s international breadth provides a measure of how the sector and underlying economies are performing.

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