Results

Tungsten – “achieved its first annual EBITDA profit”… but what about cash & the rest of the balance sheet?

Published 3 days ago

Business transaction platform company Tungsten (TUNG) is “pleased to announce that Tungsten achieved its first annual EBITDA profit… we are confident that through executing the actions identified in our operating review, including working with an e-procurement partner and expanding our AR e-invoicing services, we will be able to achieve higher revenue growth” – and the shares have responded higher above 38p. However, EBITDA is, of course, bullshit earnings and there’s a track record of disappointment to overcome…

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

Published 5 days ago

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

Frontier Smart Technologies – “Termination of Discussions”… so why the share price rise?

Published 6 days ago

“Termination of Discussions and Holding in Company” announcement from Frontier Smart Technologies (FST) – and the shares are currently soaring, at above 25p, having previously closed at 14.75p. Hmmm…

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

Published 11 days ago

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

Eagle Eye Solutions – News America Marketing partnership “exciting”… or an RNS Reach ramp?

Published 12 days ago

Shares in SaaS marketing technology group Eagle Eye Solutions (EYE) are currently approaching 7% higher on the day, above 160p, on the back of a partnership announcement with News America Marketing…

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

Published 17 days ago

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

PCI-PAL – “Extends Global Cloud Beyond UK & US”; a conveniently timed announcement?

Published 18 days ago

Shares in “secure payments provider” PCI-PAL (PCIP) are currently more than 5% higher today, above 20p, on the back of an announcement; “PCI Pal Extends Global Cloud Beyond UK & US”

DP Poland – argues “been effective at driving sales”… but what does it mean financially?

Published 23 days ago

The company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) has updated including “our marketing campaign featuring Damian Kordas launched in the second half of January and has been effective at driving sales, as has our trial partnership with food delivery aggregator Pyszne”. The shares have responded higher to 9p – but that still comparing to even a start of 2019 more than 12p…

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

Published 26 days ago

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

Trakm8 – “positive adjusted profit for the second half”… so at least close to net cash generation then? Er…

Published 27 days ago

Telematics and data supplier Trakm8 (TRAK) commences a trading update for its year ended 31st March 2019 with that it “met current market expectations… achieved a positive adjusted profit for the second half” and the announcement includes “at the period end contracts were secured with Ingenie… and another one of the UK's innovative insurance providers. Post year end Trakm8 signed a contract with another new insurance provider… The number of roadside assistance customers deploying Trakm8 solutions across Europe has increased to 7 and the product has been launched in Australia. In the Fleet space new contracts were secured with a number of medium sized fleets”. Good news then?...

Ascent Resources – and there’s the placing as it exploits permit ‘delight’

Published 32 days ago

Ascent Resources (AST) “is pleased to announce that it has completed an oversubscribed placing of 214,285,714 ordinary shares… with a small number of institutional investors. The placing was conducted at a price of 0.35 pence per share”Particular credit to Evil Banksta – and the company “pleased to announce”, with the price a 30% discount to the prior close?! (“oversubscribed” not exactly an achievement then!)...

Purplebricks Remains a Sell

Published 32 days ago

The investment case for Purplebricks (PURP) is looking increasingly ragged. Even the analysts, not noted for being quick off the mark, seem to be losing faith – JP Morgan slashing its price target from 400p to 188p, and Berenberg really coming to its senses by replacing its 460p target with an 80p target. The disruptive growth story is now in shreds after February’s profit warning...

Fusion Antibodies – emphasises second half improvement… why a muted share price response?

Published 38 days ago

“Fusion Antibodies plc (AIM: FAB), a pharmaceutical contract research organisation specialising in antibody engineering services, provides a business and unaudited trading update for year ended 31 March 2019, confirming the improvement in second half performance announced on 25 February 2019”. Sounds positive – though despite being down from more than 100p in August and even a start of 2019 more than 50p, the shares nudging up to only 30p?...

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

Published 44 days ago

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

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

Published 45 days ago

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

ASOS – interims emphasise confident of future improvement… but enough to justify valuation?

Published 46 days ago

Online fashion retailer ASOS (ASC) has announced results for its half year ended 28th February 2019 and that “we are confident of a stronger performance in H2 and are leaving FY guidance unchanged”. Hmmm…

LightwaveRF – trading update ‘delight’… but revenue is vanity…

Published 48 days ago

CEO of self-styled “leading smart home solutions provider” LightwaveRF (LWRF), Jason Elliott, is “delighted that Lightwave has maintained the momentum of significantly improved revenue in the quarter” – and the shares have currently responded back above 8p, 10% higher…

Accesso – emphasises revenue & ‘profit’ growth… but look at the cash flow & the outlook for it!

Published 60 days ago

‘Queuing, ticketing & distribution and in-venue experience’ technology group Accesso (ACSO) has announced 2018 results emphasising “continued growth with revenue of $118.7m representing an increase of 15.5% on 2017 revenue (proforma for IFRS 15) of $102.8m… adjusted operating profit up 25.5% to $25.1m” and “for 2019 we expect… high single digit overall organic revenue growth, similar to 2018”. Though having already been hit from around 3000p as recently as September, the shares are currently a further approaching 12% lower to 750p. Hmmm…

Maistro – “pleased to report on the significant progress that has been made in 2018”… so why a further share price fall?

Published 65 days ago

CEO of ‘Procurement-as-a-Service’ platform company Maistro (MAIS, formerly Blur), Laurence Cook is “pleased to report on the significant progress that has been made in 2018”. The shares have responded currently to 1.25p – 4% lower. Hmmm…

Xaar – 2018 results, “strong portfolio” to deliver benefits to shareholders?

Published 66 days ago

Inkjet printing technology company Xaar (XAR) has announced 2018 results including “we are confident that the transformation we are undergoing will lead us to become a more diversified and customer-centric organisation, with an appropriate balance between established and developing technologies. We remain focused on delivering the benefits of our strong portfolio and technology advantages to shareholders”. The shares have responded, er… further lower, below 115p…

Xaar – “Trading Update”, problems behind it… or are they?

Published 76 days ago

“Xaar plc (XAR), a world leader in industrial inkjet technology, provides an update in advance of its forthcoming preliminary results”. This including “the integration issues experienced leading to the delays are now behind us and sell-through is expected to increase. Furthermore, the minimum volume commitments from our supplier have now been met. The company will announce its preliminary results on 21 March 2019 at which time it will also provide an update on its review of strategic options for more extensive partnering in the Printhead business unit”. Having also provided a trading update on 28th December, why a current 6% share price fall today though, to below 130?...

PCI-PAL – interims argue “a strong balance sheet position”. Really?

Published 94 days ago

Secure payment cloud platform company PCI-PAL (PCIP) “is pleased to announce its unaudited interim results for the six months to 31 December 2018”, with Chairman Chris Fielding emphasising “the management team has made positive progress against our principal strategic and operational objectives”. The shares have responded… er, currently 8% lower to 23p…

Norman Broadbent – argues “significant progress towards a return to profitability”… but quick enough?

Published 102 days ago

A trading update from executive recruitment and services company Norman Broadbent (NBB) commences emphasising “Significant progress towards a return to profitability” – and the shares have currently responded more than 6% higher, towards 13p…

IQE – sell the rally

Published 118 days ago

It is not, in my view, a great time to be shorting UK names which are sensitive to the underlying market direction as I believe that the UK market, currently suffering from peak uncertainty from Brexit, could see a major re-rating in the event of any solution bar a general election, particularly if there is some sort of fudge of May’s deal which is, I think, the most likely outcome (I am long FTSE 250 not 100 futures to avoid currency considerations). This is not to say that I have downed tools completely on the short side in the UK...

Sensyne – a Neil Woodford success story? No: Red Flags (and accounting blooper) Central

Published 118 days ago

AIM-listed Sensyne Health (SENS) was spun out of Drayson Technologies and joined the Casino last August, raising £60 million in the process and has just published its first set of accounts as a listed company. No doubt Neil Woodford will have enjoyed the market response as the shares put on 7% (Woodford holds 20%), although not enough to extinguish his pain at Utilitywise (UTW) as the latter announced the dreaded “strategic review”. I doubt he will have enjoyed Sensyne’s ride as a plc either, as the IPO was at 175p per share and even after this rise the shares are 167p. Hardly a cracking endorsement! So what does Sensyne do? Well, it is – of course – disrupting its world! According to Woodford:

PCI-PAL – argues “pleased” again… but on course for more funding needed? (after previous one a private investor screwing)

Published 118 days ago

PCI-PAL (PCIP), “the customer engagement specialist that secures and protects payment card data for companies handling payments by phone, is pleased to announce a trading update for the six months to 31 December 2018”. Then again last year, previously writing on the company the shares were down on “pleased to announce” results which had followed a private investor screwing…

Earthport – further good news for shareholders as Mastercard trumps Visa’s offer. What now?

Published 121 days ago

Earthport (EPO) has announced a 33p per share recommended offer from Mastercard, valuing it at approximately £233 million and trumping a prior 30p per share recommended offer from Visa. But haven’t we been bearish here?...

Eagle Eye Solutions – “delighted” on H1 & growth expected to continue into H2… but what about that cash burn?

Published 123 days ago

Eagle Eye Solutions (EYE) has updated on trading including “we are delighted to confirm a strong first half of the year, delivering significant revenue growth and expansion of the customer base, including the addition of Waitrose and Burger King” and “the growth in revenues and volumes is expected to continue into H2”. The shares have not responded excitedly though – currently unchanged at 172.5p…

Cloudcall – 2018 ‘a standout year in terms of innovation, platform investment and sales & marketing capabilities’… so cash burn?

Published 128 days ago

Shares in ‘cloud integrator of communications technology into customer relationship management platforms’, Cloudcall (CALL) are currently lower today, but still comfortably ahead of the sub 93p they were at prior to a recent “Trading Statement”

EQTEC will run out of cash soon and a discounted placing looks a cert

Published 134 days ago

EQTEC (EQT) has long been a favourite of the pump and dump crews operating at the lower end of AIM, so when the share price suddenly doubles in the space of just a few weeks, and there is seemingly no good reason for the rise, then it is hard not to be suspicious.

AO World – trading update, does “revenue up by 8.2%” really justify a £600m+ market cap here?

Published 135 days ago

Having questioned on November half-year results from online electrical retailer AO World (AO.), can the high growth company rating really be justified?, today a “Trading Update”

7digital – “pleased to confirm” restructuring completion… but much it shouldn’t be pleased to confirm!

Published 142 days ago

In September, previously writing on 7digital Group (7DIG) I questioned a “global leader” with Universal Music contract wins? – with it seeing me question AIM-listed companies which claim ‘global’/‘world’ leader an automatic bargepole / sell?. An intra-day (Uh oh) “Update” today commences that the group “is pleased to confirm”… but the shares are currently more than 50% lower, below 1p!…

Corero Network Security – 2018 disappointment follows 2017 disappointment, and 2019…

Published 143 days ago

“Trading Update” from Corero Network Security (CNS) emphasising “order intake for 2018 is expected to be approximately 20% higher than 2017, driven by record order intake in H2 and the final quarter”“SmartWall revenue growth of approximately 20% over the prior year” and “significantly reduced EBITDA loss to approximately $2.5 million”. The shares have currently responded, er, approaching 6% lower to 12p…

Eagle Eye Solutions – “Appointment of Joint Broker”. Uh oh…

Published 144 days ago

Eagle Eye Solutions (EYE) “is pleased to announce the appointment of Shore Capital as joint corporate broker to the company with immediate effect”. Hmmm, why might that be?...

Veltyco updates on launch of own financial trading brand – delay, or worse?

Published 146 days ago

An “Update on launch of own regulated brand” announcement from Veltyco (VLTY), that “further to its announcement of 22 November 2018”

Microsaic Systems – trading “remains in line” & partnership phase 2 “completed successfully”, so why the share price fall?

Published 158 days ago

An intra-day (11:20am) “Bioprocessing partnership update & trading update” from mass spectrometry instruments developer Microsaic Systems (MSYS). This firstly “confirms that trading in 2018 remains in line with the board's expectations” and then that phase two of the partnership “with a global partner in bioprocessing… has now been completed successfully, with a clear addressable market identified and positive feedback received from potential customers”. So why a 25% share price fall, towards 1p?...

Today's disaster story from FinnCrap - shocking lack of profits warning at Filtronic!

Published 165 days ago

Filtronic (FTC) has updated including “demand for the recently introduced Massive MIMO (‘mMIMO’) antennas is now expected to be substantially lower than we had forecast in the second half of FY2019”. This follows an October AGM statement including “overall market endorsement of the benefits of mMIMO is apparent… Our mMIMO programme is strategically significant and successful market acceptance of this product will be material in defining our near-term development”. Uh oh then…

CyanConnode – shares soaring on a first licensing agreement merited?

Published 170 days ago

CyanConnode (CYAN) is “pleased to announce that it has signed a USD 4M Licensing Agreement with Beijing Jingybeifang Instrument Co., Ltd” - this its first licensing agreement and the shares are more than 26% higher at 12p in response. Is the response merited?...

Surface Transforms – “Trading & Operational Update”, my prior caution justified?

Published 173 days ago

Previously writing on Surface Transforms (SCE) in September as the shares slid below 18p, I retained prior caution. Today a “Trading & Operational Update” – and the shares currently further lower, at around 13p…

Cellcast – an intra-day “Trading Statement”. Uh oh…

Published 180 days ago

Previously writing on interactive broadcast and gaming services company Cellcast (CLTV) just over a year ago, it was argues more optimistic about trading… but fund redemption problem – with the shares sliding from just below 5p and I concluding to certainly presently avoid. Now an intra-day (2:45pm) “Trading Statement”. Uh oh…

CyanConnode – a “Company of the Year Award”… but hasn’t it been a required discounted fundraising & a share price slump?

Published 188 days ago

CyanConnode (CYAN) has announced that it “has won the 2018 Company of the Year Award for the Global Smart Metering Industry. Frost & Sullivan found CyanConnode's innovation in the Smart Meter Industry highly impressive and recognised that the company has grown from a European pioneer into a Global Leader”. Hmmm, but wasn’t it last commented here a ‘pleasing’ fundraising “to fund future growth”? Nope. ‘Pleasing’ board participation? Er…?

Purplebricks – half-year trading update, sensible yet again to be doing the opposite of Woodford

Published 201 days ago

A trading update for its half-year ended 31st October 2018 from Purplebricks (PURP) is noticeable for what it fails to say not for what it actually says...

Corero Network Security – “Customer wins”: argues “particularly pleasing”, what’s the detail?

Published 215 days ago

“Customer wins” announcement from Corero Network Security (CNS), including President and EVP Sales & Marketing, Andrew Lloyd, emphasising “to have secured another new customer for our 100Gbps SmartWall technology following a rigorous selection process is particularly pleasing and highlights the key competitive advantages and uniqueness of our solution”. Ok, so what’s the order detail?...

Corero Network Security – “a transformational deal”? Hmmm…

Published 218 days ago

Shares in Corero Network Security (CNS) have risen back above 10p, with the company announcing “Completion of Subscription” of $2 million from Juniper Networks (NYSE: JNPR)…

7digital – a “global leader” with Universal Music contract wins? Hmmm…

Published 243 days ago

Previously writing on self-styled “global leader in B2B digital music solutions” 7digital Group (7DIG) last month, I questioned Triller contract win, ramptastic? Now “Universal Music Group Contract Wins”

Xeros Results tomorrow – share price tells you that this Woodford dog is almost out of cash ( again)

Published 256 days ago

No doubt Cynical Bear who has called Xeros Technology (XSG) superbly, as a sell, will be a smug fellow tomorrow as this Neil Woodford Dog announces its interim results. The share price action is telling you that folks already know the worst – shareholders have to bail it out again or it will be going down well before the Christmas decorations go up.

I would continue to avoid Koovs until it proves that it can turn the business around

Published 257 days ago

I came in for a fair bit of criticism when I covered Indian fashion retailer Koovs (KOOV) negatively and suggested it was a sell or avoid back at the start of July. Since then the share price has pretty much halved from the 20p level that it was trading at, so I feel that my criticism of the company was justified, and my view has been vindicated – hopefully some of you who have read my articles and were holding at the time also saved yourselves from seeing the value of your investment halve. A number of people have been asking me what my view is of the company now that the share price has dropped back to around 10.6p to buy, so I felt that it was time to take another look.

Corero Network Security – “excellent operational gains” & ‘confidence in prospects’. Really?

Published 262 days ago

Corero Network Security (CNS) has updated including it “has delivered excellent operational gains in the first half of the year, which, coupled with its new business pipeline and developing go-to-market partnerships, gives the board confidence in the company's prospects”. Currently at sub 8.5p though, the shares remain comfortably below 11p they approached in May and 20p of a couple of years ago…

Seeing Machines – revenue “within the range of the previous guidance”. Er…

Published 296 days ago

A full-year trading update from Seeing Machines (SEE), the self-described “advanced computer vision technology company that designs AI powered operator monitoring systems to improve transport safety”, commences “total sales revenue was A$30.7 million, an increase of 127% year-on-year (2017: A$13.5 million) and within the range of the previous guidance published”. Sounds promising – so why a current more than 5% share price decline?…

Transense Technologies – “pleased to provide” trading update including second half was “in line” with the first. Hmmm!

Published 298 days ago

Transense Technologies (TRT) “is pleased to provide a trading update for the year ended 30 June 2018”, noting some revenues over 40% ahead of the prior year and “monthly recurring operating lease rental revenue at 1 July 2018 being over 200 per cent. higher than at 1 July 2017”. So is a muted share price response – and the shares down from 69.5p at the start of the year fair?...

Cloudcall – H1 “played out largely as we expected”. Hmmm, did it?

Published 313 days ago

Previously writing on Cloudcall (CALL) it was 2017 results, emphasises significant reduction in cash burn… but is there?, with the shares more than 6% lower, towards 165p. Today a half-year trading update – and the shares currently down around 10%, at circa 140p…

CAP-XX – trading update; “pleased to announce”… but it’s a forecasts miss!

Published 340 days ago

CAP-XX (CPX) has updated on trading, commencing “as it approaches the end of its financial year ending 30 June 2018, the company has received a sharp increase in enquiry levels across all product ranges… Total enquiries, if converted to orders, would amount to annualised sales in excess of US$20m per annum” - and the shares have currently responded higher, back towards 10p…

Brave Bison – emphasises “positive progress” at AGM… in what respect though?

Published 347 days ago

Writing last month on Brave Bison Group (BBSN) it was with the shares having soared on an RNS Reach ramparoonie. Now an AGM Statement…

Defenx – CEO didn’t seem to like it… after just 6 months!

Published 366 days ago

Previously writing on Defenx (DFX) early last month I concluded ‘Current CEO Alessandro Poerio did only join in November – good luck, but I suggest there not a bargepole long enough for this stock currently. Thanks to bringing it to the market to Strand Hanson, WH Ireland and Newgate (PR)!’. Now a “Resignation of Director” announcement…

Brave Bison – shares in loss-maker soar on RNS Reach ramparoonie, with a new broker recently appointed. Hmmm!

Published 369 days ago

Having not been above 1.5p in over a year and previously closed at 0.775p, shares in Brave Bison (BBSN) have soared to a current 3.55p on the back of an announcement entitled “World's 3rd biggest digital media publisher”. I immediately note it’s an RNS Reach announcement though – i.e. non-regulatory and thus is clearly ramptastic…

Ten Lifestyle Group – interims emphasise “increase in member satisfaction levels”, what about shareholders'?

Published 375 days ago

Having IPO’d on AIM at 134p per share in November, ‘lifestyle’ and travel concierge services group Ten Lifestyle (TENG) has announced results for the six months ended 28th February 2018. These include CEO Alex Cheatle “delighted with the increase in member satisfaction levels” and “as convinced as ever about the significant market opportunity and Ten's growth potential within that market as well as our ability to generate value for our shareholders”. The shares are currently at, er, 97.5p…

Telit - results re-emphasise a compelling sell at 160p

Published 390 days ago

Despite missing even the most pessimistic forecasts, Telit Communications (TCM) was given the thumbs up by the market, up 3% as I write, to 160p. I guess on the basis that the kitchen sink job is now over and it is onwards and upwards from here.

Itaconix – Q1 trading update, ‘More cash please, Neil’ indeed!

Published 405 days ago

Self-styled “a leading innovator in sustainable performance polymers”, Itaconix (ITX) has announced a trading update for the first quarter of 2018 trumpeting “despite adverse currency movements, group revenue has increased 8% year-on year in the first quarter of 2018”. Sounds decent enough so far…

Corero Network Security – following the pump…

Published 416 days ago

Following thus far in 2018, 3rd January; “Significant Contract Wins”, 14th March; “Customer Wins” and as recently as 3rd April; “Customer Wins” - as warned, Corero Network Security (CNS) is now “pleased to announce a conditional placing and subscription to raise approximately £4.0 million ($5.6 million) before expenses”

Intercede – large order just before year-end. Ahead of expectations then? Er…

Published 417 days ago

Intercede Group (IGP) “is pleased to announce that a large US Federal Government order totaling $4.0m was received on 28 March 2018. The order includes software licenses and annual support & maintenance; $2.05m (£1.46m) of which will be recognised in the financial year ended 31 March 2018”. Great, ahead of expectations then?…

WYG – trading update, expects “modest improvement in the level of operating profit”… but what about cashflow?

Published 424 days ago

Project management and technical consultancy, WYG (WYG) has updated including “our current trading performance is in line with recent market expectations… encouraged by the progress being achieved through a number of distinct actions we are taking to improve the efficiency and effectiveness of our operations”. The shares though remain down at circa 35p…

Time Out Group – Woodford’s involved... so 2017 results cash burn aplenty?

Published 424 days ago

Media and entertainment group Time Out (TMO) joined AIM at 150p per share in June 2016 and, despite the shares having recently slid to 130p, reckons “clear progress has been made in 2017”. Hmmm…

Proxama – “well placed to pursue our new strategy”. Hmmm, really?

Published 431 days ago

Shares in Proxama (PROX) are on the rise today on the back of the company's AGM-day updates. Let’s take a look…

Cloudcall – 2017 results, emphasises significant reduction in cash burn… but is there?

Published 432 days ago

“CloudCall (AIM: CALL), a leading cloud-based software business that integrates communications functionality into Customer Relationship Management platforms, is pleased to announce its audited full year results for the year ended 31 December 2017”. The shares have though responded currently more than 6% lower, towards 165p…

Ilika – collaboration agreement, argues “large global markets” potential but still cash crunch first?

Published 432 days ago

Ilika (IKA) has announced a collaboration with PragmatIC and Arm Holdings to further progress development in ultra-thin and flexible semiconductor technology for mass market applications - and the shares have currently responded higher above 24p. So what’s the detail?...

CAP-XX – interims it’s “pleased to announce” & for a period of a “big step up”. Should be good then…

Published 446 days ago

Self-described “world leader in the design and manufacture of thin, flat supercapacitors and energy management systems”, CAP-XX (CPX) “is pleased to announce its interim results for the half-year ended 31 December 2017, with CEO Anthony Kongats emphasising “the current financial year has been another big step up for CAP-XX”. Should be good then…

Defenx – cash burn continues & “actively exploring funding options”, but not to worry… there’s a new “strategic plan”!

Published 452 days ago

Updating on cyber-security software group Defenx (DFX) towards the end of last month, apparently progress was being made under new leadership – the company having previously talked of ensuring “that profitable revenue growth is delivered in the medium and long-term”. However, its prevailing trading and financial situations saw me emphasise it’s got to reach the medium and long-term first! Today a further Trading Update

Hardide – emphasises “positive” & “confident”, but when’s the jam to be delivered?

Published 460 days ago

Having risen above 2p in 2014 and then declined to commence 2017 at well below 1p, last year saw a recovery in shares in surface coating technology company Hardide (HDD). It’s now updated in conjunction with its AGM…

Time Out Group – “couldn't be more proud of where the brand stands”, what about the financials?

Published 487 days ago

Time Out Group (TMO) has updated on the 2017 calendar year in an announcement headlined “Time Out delivers strong progress” and including “revenue is expected to have increased by 19% year-on-year on a proforma basis with strong growth across both Time Out Digital and Time Out Market”

Eagle Eye Solutions – a trading update it “is pleased to announce”, but how’s that cash position going?

Published 488 days ago

Previously writing in November on promotions and rewards technology group Eagle Eye Solutions (EYE) I noted argues “delivering on our strategy”, but cash concerns - cash burn having taken cash at the end of September down to £1.7 million. Now the company “is pleased to announce” a trading update for its half year ended 31st December…

Cloudcall – pleased to announce its revenue growth, what about cash burn?

Published 493 days ago

Previously writing on communications-into-CRM platforms integrating software group Cloudcall (CALL), I concluded with the shares at circa 150p that the top line growth interests, but I’d be looking for more net cash generation reassurance. There’s now a Trading Update which has taken the shares to around 160p…

WANdisco – trading & research updates, exciting opportunity in front of it?

Published 494 days ago

I note shares in data management technology company WANdisco (WAND) have significantly recovered since I previously wrote and yesterday saw a “Trading Update” announcement and today a research update…

Another Woodford money pit – Thin Film Electronics

Published 504 days ago

I wouldn’t normally cover stocks listed on the Oslo exchange but Thin Film Electronics was mentioned in the comments of a recent Woodford piece and I also noted it was the Share Punt of the Week in the Daily Mail on Friday, so if it is good enough for them to recommend a Woodford-backed cash guzzler to its brain dead readers, it is appropriate for me to provide another side to that story, especially as the cash burn here is off the scale.

Dialight – after October profit warning, a 1:36pm “Trading Statement” & broker update

Published 527 days ago

A 23rd October Trading Update from industrial LED lighting technology company Dialight (DIA) was an outsourced manufacturing issues profit warning, though included Chief Executive Michael Sutsko stating they “are being addressed over the coming months”. There’s now been a Trading Statement… at 1:36pm (and a broker update)…

Time Out Group – New Time Out Market Chicago to ‘continue the success story’. Hmmm…

Published 531 days ago

Time Out (TMO) “is pleased to announce that it has signed a conditional lease agreement for a new Time Out Market in Chicago”, with the group’s CEO Julio Bruno emphasising “we now have a roster of Time Out Market openings in some of the most exciting cities around the world and we are looking forward to them continuing the success story we started with Time Out Market Lisbon”. Hmmm…

Brave Bison – developing “slower than originally anticipated” & continuing cash burn. Uh oh…

Published 535 days ago

Half-year results saw Brave Bison (BBSN) emphasise “an encouraging start to 2017, bringing us significantly closer to profitability”. Optimism then for a Trading Update today…

Ilika – trading update offers more jam tomorrow, whilst today more cash burn ahoy

Published 550 days ago

Self-described “pioneer in materials innovation and solid-state battery technology”, Ilika (IKA) has updated on its half-year ended 31st October 2017, including CEO Graeme Purdy commenting “our proven innovation engine for novel functional materials has been firing on all cylinders in the first half of this year”. What has tangibly been delivered though Graeme?...

Nanoco – full-year results. “A pleasure to introduce”, Really?

Published 556 days ago

Nanoco Group (NANO) “is pleased to announce its preliminary results for the year ended 31 July 2017” and Chairman Dr Christopher Richards states “it is a pleasure to introduce Nanoco's results for the year to 31 July 2017”. Should be encouraging then…

How A New Cure for Lupus Could Put Big Money in Your Pocket

Published 559 days ago

Hello Share Sloggers. Fancy investing in another AIM-listed company that is pioneering new medical treatments? Yes, I thought you might be a bit wary. But some of these ventures will come up roses, eventually.

Intercede – from “confidence that we will experience a strong second half” to “material” warning in 1 month… & why not until 1:58pm?

Published 566 days ago

A 5th October trading statement saw Intercede Group (IGP) Chairman & CEO Richard Parris conclude with “confidence that we will experience a strong second half to the financial year, notwithstanding likely budget difficulties in our traditionally large US government customer base”. Now another “Trading Update”?...

ECSC Group – having only IPO’d on AIM in December, ANOTHER trading warning & IPO roll-call of shame…

Published 606 days ago

Having IPO’d on AIM in December at 167p per share with CEO Ian Mann stating “we are excited by the opportunities that now present themselves”, shares in cyber security group ECSC (ECSC) were 450p before a June trading warning. Now worse has followed…

Time Out – after a ‘trading update’ with nothing below the revenue line, “pleased to announce” interims. It shouldn’t be…

Published 607 days ago

I previously wrote on Time Out Group (TMO) following a “trading update” for the first half of 2017 – noting that below the revenue line there wasn’t any detail provided, perhaps something to do with a house broker forecast for a full-year adjusted pre-tax loss of £19.5 million? The company is now “pleased to announce its unaudited half year results for the six months ended 30 June 2017”

DP Poland – interims particularly emphasise EBITDA & “variable profit”. Wonder why?

Published 615 days ago

The company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) has announced half-year results, including emphasising “combined corporate store EBITDA and commissary variable profit up 39%”

Tungsten Corp – AGM update, EBITDA breakeven ‘remains goal’. Who’s paying for the capex? The tooth fairy?

Published 619 days ago

Shares in Tungsten Corp (TUNG) are currently edging higher, above 60p, on the back of an AGM trading update – this though comparing to above 70p as recently as June and approaching 400p in 2014…

Nanoco – “Commercial Supply and License Agreement”, but no financials when they’re desperately needed

Published 625 days ago

Nanoco (NANO), describing itself as “a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials”, has announced a “Commercial Supply and License Agreement”. Oooh, “commercial” hey – what’s the detail?...

Telit Communications – how much of a cash guzzler is GainSpan?

Published 646 days ago

In the piss poor results for the six months to 30 June 2017, Telit (TCM) highlighted that it had purchased GainSpan and provided the following rather limited commentary on its contribution to the interim results:

CyanConnode – emphasises “leading position”-reflecting Purchase Order Extension. Hmmm…

Published 649 days ago

Emphasising “reflects the company's leading position within the smart metering industry across both emerging markets and Europe”, CyanConnode (CYAN) has announced “a $10 million purchase order extension from its specialist in energy management systems customer for a smart metering contract in Bangladesh”. What does this though mean in context?...

LightwaveRF – another ramptastic Apple-linked announcement. Discounted placing ahoy?

Published 650 days ago

LightwaveRF (LWRF) has announced what CEO Andrew Pearson emphasises as “a further exciting development” in that its “next generation Apple HomeKit certified product range, for controlling smart devices with iOS apps and Siri voice commands, will be released on 3 October 2017… will be on sale in Apple retail stores in the UK and the UAE, online via apple.com and at other selected retail outlets”. Ramptastic!...

PHSC – full-year results state recent “improving picture”, so why are the shares sliding?

Published 653 days ago

PHSC Plc (PHSC), “a leading provider of health, safety, hygiene and environmental consultancy services and security solutions”, has announced results for its year ended 31st March 2017 which feature as the first two “Financial Highlights”“Underlying EBITDA loss of £0.1m, down from a profit of £0.368m last year… Group revenue rose to £7.16m compared with £7.04m last year”. Hmmm, “a leading provider” ya say?...

Surface Transforms – “pleased to announce” result of open offer excess. Hmmm…

Published 655 days ago

With its shares having been above 20p at the start of 2017 and still above 19p in June as it attempted to mitigate “we continue to look forward with confidence”, Surface Transforms (SCE) has announced the final result of a fundraising which it has emphasised has seen a “most encouraging response from shareholders”. At what price per share again?...

Earthport – “delighted” to announce further partner agreements, but what about that prior “commitment” to cashflow positive?

Published 656 days ago

Since I previously updated in July, shares in payment services company Earthport (EPO) had been heading higher, with it also announced “Earthport Partners with Kotak Mahindra Bank”. However, they are currently slipping back on an “Earthport Plc expands into Nigeria” announcement…

Transense Technologies – another contract win announcement sees shares further higher, BUT…

Published 657 days ago

Having previously noted shares in Transense Technologies (TRT) retaining their something of a recovery, they are currently further higher today, at 80p, on the back of an announcement of a “New iTrack Contract Win with BHP in Australia”

Transense Technologies – argues “ahead of expectations”, but on a closer look…

Published 663 days ago

Shares in Transense Technologies (TRT) are currently retaining their something of a recovery from an end of June “Glencore - Further Contract Win” announcement, following a trading update for the company's year ended 30th June 2017…

blur Group – “pleased to announce” (late) results. It shouldn’t be…

Published 663 days ago

Following it having missed the six month deadline for full-year accounts publication (as, pending the securing of funding, it was “unable to sign-off the audit”) – and the shares resultantly having been suspended, blur Group (BLUR) now “is pleased to announce its audited final results for the year ended 31 December 2016”. Hmmm, “pleased” hey?…

Monitise – “Trading Update” = Trading Warning (natch)…

Published 668 days ago

Currently attempting to push a 2.9p per share offer from S&P 500 financial services technology company Fiserv through, Monitise (MONI) has followed the recent lead of InterQuest (ITQ) in delivering a downbeat trading update…

Time Out Group – argues “well positioned”, so why are the shares muted?

Published 670 days ago

Time Out (TMO) has updated on the first half of 2017, arguing “we are well positioned to drive further growth, transactional traffic and monetisation of our unique content”. The shares though, at 138p, remain below the 150p June of last year AIM listing price…

Earthport – “not cash flow breakeven in FY 2017”, so it's next year then? Er…

Published 671 days ago

Having declined from more than 45p in September 2015 to sub 13p less than a year ago, shares in Earthport (EPO) approached 30p earlier this year – before declining again in recent months. We now have a “Full Year Trading Statement”

Biome Technologies – trading update uses bullshit earnings, but becoming more interesting?

Published 671 days ago

Shares in Biome Technologies (BIOM) are currently approaching 12% higher, heading towards 200p, on the back of a “Trading Update” announcement...

Audioboom – interims, ‘ideally placed to be a leading player in next evolution of the internet’?

Published 675 days ago

Audioboom (BOOM), which describes itself as “the leading spoken word audio on-demand platform”, has announced results for its half year ended 31st May 2017, with CEO Rob Proctor arguing “we are ideally placed to be a leading player in this next evolution of the internet”

Lombard Risk Management – AGM Statement commences ‘positive market for products’, so why are the shares leading fallers?

Published 676 days ago

An AGM Statement from Lombard Risk Management (LRM) commences that “the company continues to see a positive market for its products with the landscape largely unchanged since we announced our 2017 full year results in May”. Yet the shares are leading fallers, currently down circa 15% at around 11p…

Eagle Eye Solutions – a “pleased to announce” trading update, so why are the shares lower?

Published 677 days ago

SaaS digital promotions technology company Eagle Eye Solutions (EYE) “is pleased to announce” a trading update for its year ended 30th June 2017. The shares have though responded more than 3% lower, below 250p…

CyanConnode – argues “confidence in a strong performance”, but set for cash crunch ahoy AGAIN?

Published 682 days ago

CyanConnode (CYAN), which describes itself as “the world leader in narrowband radio mesh networks”, has updated on the first half of 2017; “a busy period for the company with key existing relationships strengthened and the company's global reach enhanced”. Sounds encouraging, so why are the shares currently lower at 0.15p?...

LightwaveRF – Apple certification. Ooooh. Will it though need to be discounted fundraising ahoy?

Published 688 days ago

LightwaveRF (LWRF) “is delighted to announce that its next generation Lightwave Link Plus has been certified under Apple's licensing scheme as a ‘Works with Apple HomeKit’ product”. Ooooh, Apple hey. Cue a further share price rise, but what’s actually happening here?...

Blur Group – significant shareholder selling following Friday’s A-Grade corporate horse spouting

Published 699 days ago

“Holding(s) in Company” announcement in Blur Group (BLUR) of a transaction on Friday – the day in which at 7am it released an “Update on financing, business plan and trading”

Vipera – partnership announcement, though will it again need to be fundraising ahoy?

Published 702 days ago

Vipera (VIP) “is pleased to announce a partnership with Mambu a leading SaaS alternative to traditional core systems powering banking and lending” - and the shares are currently 9% higher above 6p, so let’s take a look…

AO World – AO, Oh no! (again)… full-year results see CEO argue “great progress”, but detail suggests otherwise

Published 718 days ago

Results for its year ended 31st March 2017 from UK and Europe online electrical retailer AO World (AO.) see its CEO Steve Caunce emphasising “it's been another year of great progress for AO”. Hmmm, why a significant share price decline then, Steve?...

Audioboom – Q2 update & summary of some commissioned research. Er, how about some cash information Rob?

Published 718 days ago

Audioboom (BOOM) has updated on the second quarter of its year, emphasising “strong performance for the first quarter of the year continued”. However, the shares have currently responded lower. Hmmm…

PhotonStar LED – results see CEO McKenzie claim “steady progress”, so why are the shares a further more than 7% lower?

Published 732 days ago

PhotonStar LED Group (PSL) CEO James McKenzie commences his comments on 2016 in the company’s results announcement that “steady progress was made in transitioning the group into becoming a retrofit connected lighting and building management business. We have installed a number of trials in a variety of sectors”. Sounds promising, so why are the shares currently 7.5% lower, at 1.85p, on the back of the announcement?...

It's hard to see how BOS GLOBAL can justify its current market valuation!

Published 733 days ago

There are plenty of companies on AIM where it is hard to see where the value is and why private investors are so keen to chuck their savings into the shares, and BOS GLOBAL Holdings (BOS) would certainly seem to fit the bill!

Corero Network Security – service launch of a contract announced a month ago. Ramptastic!

Published 734 days ago

An announcement from Corero Network Security (CNS) with a headline “Corero Tier 1 Internet service provider customer GTT Communications, Inc. launches DDoS Mitigation service”. Then “further to the announcement on 19 April 2017 regarding a Global Tier 1 Internet service provider customer win… announces that the customer, GTT Communications, Inc. (NYSE: GTT), has launched its DDoS Mitigation service”“Global Tier 1” now hey! And you what? The contract win has already been announced? Ramptastic…

LightwaveRF – follows ramparoonie with half-year results showing continued cash burn

Published 737 days ago

Commenting yesterday on the “Launch of Google Assistant voice control” ramparoonie (Oops) RNS announcement from LightwaveRF (LWRF), I suggested it clearly currently remains cash burn ahoy, with results for the six months ended 31st March 2017 following today

LightwaveRF – “Google Assistant voice control” ramparoonie

Published 738 days ago

Shares in LightwaveRF (LWRF) are currently circa 65% higher on the day, above 25p, on the back of a “Launch of Google Assistant voice control”-entitled ramparoonie (Oops) RNS announcement...

Corero – announces “secures second $1m+ SmartWall customer”. How much is the order for?

Published 739 days ago

An announcement entitled “Corero (CNS) secures second $1m+ SmartWall customer”. Sounds good but, having previously written bearishly on this company, let’s take a look at the detail here…

RhythmOne – argues “returns to full-year underlying profitability”, but it’s again net cash burn…

Published 741 days ago

RhythmOne (RTHM) has announced results for its year ended 31st March 2017, emphasising “Returns to Full-Year Underlying Profitability led by 28% Growth of ‘Core’ Revenues”. The Income Statement though shows a significant loss and the shares have responded more than 6% lower to 45.5p. Hmmm…

Audioboom – results more than five months after its year-end, the accounts show why…

Published 754 days ago

Spoken word audio on-demand platform company, Audioboom (BOOM) has announced results for its year ended 30th November 2016. Hmmm – more than five months after the year-end then, rarely a good sign…

Imaginatik – what’s with the radio silence?

Published 764 days ago

I previously updated on Imaginatik (IMTK) following results for its half year ended 30th September 2016. Those showed further underlying cash burn seeing cash to a low level, though noted recent improvement. However, I noted the company also stating it was now further “investing in our sales and marketing resources and technology suite”. Having released trading updates on 9th March 2016, 11th February 2015 and 14th April 2014, what about this year?...

HaloSource – 2016 results, cash crunch AHOY!

Published 780 days ago

I most recently cautioned on water technology company HaloSource (HALO) in February HERE. It has now announced results for the 2016 calendar year…

Digital Barriers – trading warning (you were warned). Timberrrrrr…

Published 793 days ago

Shares in surveillance technology company Digital Barriers (DGB) are currently more than 17.5% lower, at 25.5p, on the back of a “Trading Update” announcement. Trading warning ahoy! You were warned

eg solutions – full-year results emphasise “a real sense of momentum”, but a buy?

Published 795 days ago

Back-office workforce optimisation company, eg solutions (EGS) has announced results emphasising “in generating revenues of £5.7m and an adjusted EBITDA of £2.1m in a six-month period, we demonstrated just what the business is capable of”. Hmmm, “adjusted EBITDA” hey. Let’s take a closer look…

Earthport – interims argue ‘confidence in continued growth & prospects’, but include a net cash generation warning

Published 796 days ago

Cross-border payments network company Earthport (EPO) is “pleased to announce” results for its half year ended 31st December 2016. This is with stated “highlights” including 5 million transactions (prior year corresponding period: 2.7 million) and payment volume of $7.80 billion (prior year corresponding period: $3.95 billion) – and CEO Hank Uberoi emphasising “confidence in our continued growth and prospects”. Why then are the shares currently more than 8.5% lower, at 24p?...

Audioboom – BOOM! Discounted fundraising follows bullish ‘KPI’ update earlier this month

Published 796 days ago

Noting the balance sheet position (and related-party transactions) suggested continued caution, I previously updated on spoken-word audio platform company Audioboom (BOOM) earlier this month as the shares were recovering above 3p on the back of a “First Quarter KPI Update” announcement. Now BOOM – it’s discounted placing ahoy!...

Seeing Machines – interims include “multi-sector strategy continues to gain momentum”, but also “reduced expectations”. Er…

Published 801 days ago

“Seeing Machines (SEE), the AIM listed technology company with a focus on operator monitoring and intervention sensing technologies and services is pleased to announce its unaudited financial results for the six months to 31 December 2016” and CEO Ken Kroeger is “pleased with the progress towards the achievement of our long-term goals as our multi-sector strategy continues to gain momentum”. Good, good… er, what? The shares currently more than 15% lower in response?!?...

Zinc Media – emphasises EBITDA profit for "first time in recent years", so why are the shares materially lower?...

Published 802 days ago

The results announcement for its half year ended 31st December 2016 from the former Ten Alps plc, now Zinc Media Group (ZIN), emphasises “decisive action taken” and “for the first time in recent years, the company reported a profit at the adjusted EBITDA level”. So why are the shares more than 9% lower, heading towards 1.20p, on the back of the release?...

Eagle Eye Solutions – interim results & Europe partnership, balance sheet “sufficient”?

Published 803 days ago

Having previously emphasised caution on digital promotions technology company Eagle Eye (EYE), I note the shares currently circa 6% higher today at 145p on the back of results for its half year ended 31st December 2016 and a partnership to deliver digital loyalty solutions in Europe with retail marketing company TCC Global…

7digital – completion of share placing, broker updates

Published 804 days ago

Following its 2016 results, digital music and radio services group 7digital (7DIG) has successfully placed 34,769,239 new shares at 6.5p to raise a gross approximately £2.26 million and house broker, finnCap, has updated on the company's manoeuvrings...

eServGlobal – argues breakeven ahoy after 2016 “turnaround”. Hmmm…

Published 804 days ago

Having recently recovered to comfortably above 7p, shares in eServGlobal (ESG) are currently sliding back towards that level despite an AGM Statement including “we expect sufficient order flow in H1 to support our outlook of breakeven in the core business in the 12 months to 31 October 2017, and progress by HomeSend remains consistent with reaching a breakeven point during this calendar year”

Goodwin – 2:15pm ‘Interim Management Statement’ a cause for alarm?

Published 807 days ago

Previously writing on engineering company Goodwin (GDWN) in September with the shares at 1980p, I concluded that the energy industry environment saw me cautious and avoiding the shares. They were little changed on the prior 1895p close before an “Interim Management Statement” announcement at 2:15pm. A cause for alarm?...

7digital Group – 2016 results argue “good progress” & “ideally positioned”, so why are the shares lower?

Published 807 days ago

Digital music and radio services group, 7digital (7DIG) has announced results for the 2016 calendar year, including that this “was a year of good progress… as we delivered on our commitment to reach operating profit by the year end” and that it “is ideally positioned to capitalise on the continued growth of streaming in 2017 and beyond”. So why are the shares currently approaching 7% lower, at 6.75p?...

LoopUp – 2016 results emphasise “strong performance” & “positive outlook”, so why are the shares lower?

Published 809 days ago

A 2016 results announcement from remote meetings technology group LoopUp (LOOP) includes “we're very pleased to report strong business performance and a positive outlook in our first set of annual results as a public company”. So why are the shares currently more than 3% lower, at 156.5p, in response?...

Intercede – following a bullish January announcement, now blames ‘The Donald’ for another profit warning ahoy!

Published 814 days ago

Having previously gone from “well positioned for future growth” to trading “below expectations” in just over 3 months, cybersecurity group Intercede (IGP) has now followed a January announcement of a record $3 million order (“demonstrates that Intercede continues to win orders for its MyID technology platform in spite of the continuing budget constraints within the US Government”) with that “the order book as of 2 March 2017 indicates that, unless further orders are received that can be recognised as revenue in the current period, the revenue outturn for the financial year ending 31 March 2017 will be approximately £8 million”. Uh oh…

Molins – 2016 results, argues “confident” so why are the shares down?

Published 815 days ago

An early this year recovery in shares in Molins (MLIN) is currently continuing to reverse on the back of its announcement of results for the 2016 calendar year…

Hayward Tyler – further extension of debt repayment, what of funds recently raised?

Published 817 days ago

My previous update on engineering group Hayward Tyler (HAYT) noted “repayment of £2.4 million of short term banking facilities, currently extended to 28 February”. The following updates with the shares currently further below 40p on the back of an “Update on banking support” announcement...

Vipera - “well funded… through to cash flow profitability”. Hmmm, really?

Published 818 days ago

Mobile financial services provider Vipera (VIP) “is pleased to announce a trading update in respect of the year ended 31 December 2016”. So why are the shares currently more than 5% further lower at 4.5p?...

Monitise – reckons half-year results demonstrate transformation programme working. Hmmm…

Published 822 days ago

A half-year results announcement from cash guzzler (Oops sorry, “digital technology group specialising in financial services”), Monitise (MONI) emphasises “our transformation programme is nearing completion, and continued half on half EBITDA profitability demonstrates that it is working”. Hmmm, EBITDA is though of course bullshit earnings, so what’s the real story?...

Hardide – AGM update, “starting to see an upturn” from oil and gas customers

Published 825 days ago

Having thus far been sceptical of shares in engineering coatings company Hardide (HDD), I note they currently higher today with the company having updated in conjunction with its AGM…

Driver Group – full-year loss & bailout fundraising. “Renewed confidence”?

Published 828 days ago

Driver Group (DRV) has announced self-admitted “disappointing” results for its year ended 30th September 2016 and a bailout fundraising, though argues that stakeholders should soon be able to “look forward to the future with renewed confidence”. Hmmm...

Brave Bison – more ‘wrongster’ from the previous Rightster Group, disastrous profit warning…

Published 828 days ago

A 10am “Trading Update” announcement from Brave Bison Group (BBSN), a company which has previously proven a wrongster. Uh oh…

OneView Group – following December bailout loan… another bailout loan!

Published 831 days ago

Having in December announced “an additional loan facility of $1 million on similar terms to that of the existing $3m facility, which is fully drawn… to cover short term working capital needs around the company's new business contracts”, OneView Group (ONEV) has now announced an additional $300,000 loan “to cover short term working capital needs”. Hmmm…

Surface Transforms – claims “successful six months”. In response… the shares slide...

Published 832 days ago

Surface Transforms (SCE) has announced results for the six months ended 30th November 2016, claiming “a tough, albeit exciting and successful six months”. The shares have responded… approaching 7% lower, towards 20p. Hmmm…

Corero – new contract & partnership + utter bullshit, cash crunch AHOY!

Published 836 days ago

Corero Network Security (CNS) has announced it “ended the year strongly… a material order for its ‘SmartWall’ Threat Defense System from a leading Cloud computing company and Juniper Networks technology alliance partnership”. Why are the shares thus currently unchanged at the 6.375p they have slumped to?...

blur Group – says “progresses on its path to profitability”, but it looks cash crunch ahoy first!

Published 837 days ago

blur Group (BLUR) has announced “key metrics for Q4 2016”, in the same opening paragraph noting “FY 2016 EBITDA is expected to be ahead of expectations”. EBITDA is of course not a ‘key metric’, but bullshit earnings. What about the real key metrics – cash generation and the balance sheet position?...

Flowgroup – “pleased to announce” update, but bailout placing to be required?

Published 837 days ago

Flowgroup (FLOW) “is pleased to announce that it expects to announce its results for the year ending 31 December 2016 during May 2017. The company expects its trading results to be in line with analysts' forecasts”. Hmmm, so why are the shares currently down a further more than 8%, below 6p, having been 25p+ less than a year ago?...

Eagle Eye Solutions – having questioned whether it was cash crunch ahoy... “Extension of credit facility”

Published 839 days ago

While an update last week from digital promotions technology company, Eagle Eye Solutions (EYE) claimed “confidence in the group's prospects”I questioned whether it was cash crunch ahoy. There is now an “Extension of credit facility” announcement...

Surface Transforms – claims “strategically important” contract win, but how’s the cash burn?

Published 843 days ago

Manufacturer thus far of largely jam tomorrow Oops, of carbon fibre reinforced ceramic brake discs, Surface Transforms (SCE) has announced what it describes as a “strategically important” contract win – and the shares have responded approaching 10% higher, to 23.5p. BUT…

Plexus – DISGRACE: following big share slides in advance, you’ll never guess what “Trading Update” is like (you will)…

Published 844 days ago

With its shares down more than 11% on Tuesday and further more than 12% on Wednesday morning, cue a 1:48pm “Trading Update” announcement from Plexus Holdings (POS). And you’ll never guess what (you will)…

Earthport – “trading statement”, why no update on progress to cash flow positive target?

Published 844 days ago

Payment network company Earthport (EPO) has updated that it “is encouraged by the recent developments within the company, particularly in relation to the increasing transaction and aggregate payment volumes being placed through Earthport's platform by its clients”. However, with the shares recovering from sub 13p hit last year to now approaching 25p (although still down from more than 45p as recently as September 2015), is a circa £120 million market cap justified?...

Adgorithms – claims trading “in line”, so why are the shares crashing again?

Published 844 days ago

Online advertising software company Adgorithms (ADGO) has updated that it “continues to execute its stated growth strategy and expects trading for the year ended December 2016 to be in line with management's expectations”. So why are the shares currently 25% lower, at 16.5p?...

Eagle Eye Solutions – claims ‘confidence in prospects’, but cash crunch ahoy?

Published 845 days ago

Digital promotions technology company, Eagle Eye Solutions (EYE) has updated that during its half year ended 31st December 2016 it “has continued to trade well delivering revenue… ahead of market expectations”. But what’s that? A swing into a net debt position. Uh oh…

Torotrak – from “significant increase in interest” to a now ‘materially reduced’ opportunity…

Published 846 days ago

Previously writing on Torotrak (TRK), I concluded that the shares were a sell at 5p on the back of “Trading Statement” announcement which was actually a ‘commercialisation delay’. I now write with the shares, on the back of a “Strategic Update, Group Refocus” announcement, currently circa 45% lower today, at around 1p!...

Time Out Group – 2016 trading update, revenue is vanity…

Published 851 days ago

Time Out Group (TMO) “is pleased to announce” that “revenue for the full year is anticipated to be ahead of the board's expectations” and “closing net cash expected to be better than previously anticipated”. So why are the shares barely ahead, at 137p?...

Audioboom – related-party bailout & acquisition with marked uplift from “nominal consideration” in sub 6 months

Published 851 days ago

Having last month noted on spoken-word audio platform company Audioboom (BOOM) that nearly all the money’s gone AGAIN, I note an announcement today of an agreement to acquire SONR News Ltd for an all-share £1.42 million and the issue of a £1 million, 10% interest, convertible loan note...

Biome Technologies – trading update, sales struggle against even recently reduced guidance

Published 856 days ago

Shares in Biome Technologies (BIOM) have retained a slight recovery above 100p following a 2016 “Pre-close Trading Statement, though “the board expects the loss before interest, tax, depreciation and amortisation… to be similar to the level achieved in 2015”

LoopUp – review as shares sparked by ‘ahead of expectations’ trading update

Published 858 days ago

I looked at remote meetings technology group LoopUp (LOOP) just after the company’s August IPO – concluding, with the shares at 112.5p, that the valuation in conjunction with usual IPO and growth risks saw me avoid, but that I’d monitor with interest. The shares closed yesterday at exactly the same price as then – but are currently approaching 13% higher today, at 127p, on the back of a trading update announcement…

WANdisco – one quarter does not an investment make, but offers some encouragement for shareholders…

Published 860 days ago

Shares in ‘big data’ software company WANdisco (WAND) are currently continuing a recovery – this on the back of a concluding trading update for 2016...

CloudCall – Trading Update emphasises positives, but it remains cash burn ahoy!

Published 866 days ago

Integration of telephony systems into existing customer relationship management software-focused CloudCall (CALL) is “pleased to announce” a full-year trading update – and the following reviews with the shares currently more than 17% higher, at 76p, in response…

HaloSource – trading update, still desperate times?

Published 867 days ago

Having from November 2015 onwards been warning on the shares of water technology company HaloSource (HALO), I note an update on trading and its strategic review...

SpaceandPeople – as warned, profit warning ahoy!

Published 867 days ago

Updating on the previous announcement from SpaceandPeople (SAL), I warned that half-year results suggest it’ll be profit warning ahoy! And now…

Digital Barriers – announces a further $7 million of contract awards, but caveat emptor…

Published 869 days ago

Digital Barriers (DGB) has followed contract wins announced last month with an announcement of the award of a further two contracts with a total value of $7 million. The shares are up more than 10% above end of 2016 lows in response, heading towards 40p, but I’d still suggest caveat emptor…

Fastjet – 5 months after the last, it’s bailout fundraising AGAIN!

Published 871 days ago

“fastjet (FJET), the low-cost African airline, is pleased to announce that… it has successfully placed 143,449,794 new ordinary shares at a price of 16.3 pence per share… If the placing does not proceed and complete, and in the absence of the group being able to successfully agree or implement any alternative funding, the directors would seek to commence a process of placing the group into administration. Wait a minute, just in August the company raised “total aggregate gross proceeds of £15.2 million… all at 50 pence per new ordinary share”. What’s gone on?

Corero - “pleased to announce” minor contract wins, what about the cash burn?

Published 872 days ago

“Corero Network Security plc (CNS), the AIM listed network security company, is pleased to announce that it has won five ‘as-a-service’ subscription-based contracts for its DDoS protection products and technology in the final quarter of 2016”. Sounds promising. Oh, but wait… “with an aggregate annualised contract value of $0.3 million”. Hmmm…

Guscio – attempts to sneak full-year results out today, a review shows why…

Published 884 days ago

Friday 23rd December, “Final Results & Notice of AGM”. Uh-oh, what has this worryingly-timed announcement from Guscio (GUSC) got in store? ...

eServGlobal – full-year results, to “provide further evidence of our success”. Really?

Published 887 days ago

eServGlobal (ESG) has announced results for its year ended 31st October 2016 emphasising “steady progress in the re-alignment of the business” and “we are confident we will provide further evidence of our success in the year ahead”. Hmmm…

Digital Barriers – another contract announcement. Rampity, ramp?

Published 888 days ago

Following contract wins announced at the start of the month, Digital Barriers (DGB) is now “pleased to announce that it has secured a $2.1 million contract for its unique ThruVis standoff threat detection camera”. The shares are currently up a tad to 36.5p in response, but…

Tungsten Corp – interims, claims “very encouraged by the emerging momentum”. Hmmm…

Published 893 days ago

Tungsten Corp (TUNG) has announced results for its half-year ended 31st October 2016, with CEO Richard Hurwitz statedly “very encouraged by the emerging momentum across our business”. Hmmm…

Audioboom – claims “reached a crucial tipping point”. Er, yep… nearly all the money’s gone AGAIN!

Published 893 days ago

Previously writing on spoken-word audio platform company, Audioboom (BOOM) I noted “agreement for investment from China ‘not yet been reached’, surely not to be cash crunch ahoy AGAIN!”. The company is now “pleased to provide an update on its Q4 KPIs and trading for the year ended 30 November 2016” and, well, er…

Microsaic Systems – reckons “clear opportunities exist”, but it's a profit warning…

Published 894 days ago

“Trading Statement” announcement from Microsaic Systems (MSYS) starts with that “it is expected that EBITDA and pre-tax profit for 2016 will be broadly in line with market expectations… The company has reshaped its business strategy to focus on the Pharma market where clear opportunities exist for the company's products”. Hmmm, “broadly in line” is of course ‘slightly behind’, though at least there’s “clear opportunities” ahead. Though, wait. What’s that? The shares currently down approaching 20%, towards 3p?!? …

Hardide – company reckons recent new funds for investment in growth, full-year results suggest different

Published 895 days ago

Previously writing on provider of advanced surface coatings, Hardide (HDD) in October, I noted its raising of £1.6 million at 0.8p per share – questioning “to progress with its plans for future developments and growth” or ‘to keep the lights on’? We now have results for the company’s year ended 30th September 2016…

Plexus Holdings – AGM update; argues strong position for next cyclical upswing, but how far away’s that?

Published 899 days ago

Shares in oil and gas engineering services company Plexus (POS) are currently more than 12.5% higher, at 73p, on the back of an “AGM Statement” which argues “with a strengthened balance sheet, a large wellhead inventory, an expanded suite of Plexus products, partners in strategically important territories, and a successful track record with a who's who of blue chip operators, Plexus is in a strong position to take advantage of and benefit from the next cyclical upswing”. Hmmm…

Surface Transforms – half-year trading update, despite attempted glossing over cash burn concerns…

Published 899 days ago

Previously writing on developer and manufacturer of jam tomorrow (Oops sorry, of carbon ceramic products for the brakes market), Surface Transforms (SCE) I concluded with the shares sliding below 25p that delayed jam tomorrow in conjunction with the nearer-term trading challenges saw me continue to avoid. There is now a “Trading Update” announcement, on the back of which the shares are currently around 8.5% lower at sub 22p...

John Lewis of Hungerford – full-year results, “fifth consecutive year of sales growth” BUT…

Published 900 days ago

Specialist kitchen manufacturer and retailer John Lewis of Hungerford (JLH) has announced results for its year ended 31st August 2016 – including a “fifth consecutive year of sales growth, which exceeded £8 million for the first time”. However…

Digital Barriers – contract wins, able to focus on converting pipeline & generating follow-on sales... or not?

Published 906 days ago

Reviewing results for the six months ended 30th September 2016 from Digital Barriers (DGB), I noted a £7.4 million reduction in net cash to £3.4 million and that the company has established a £10 million revolving credit facility. It has now made a “Contract wins across APAC and EMEA” announcement. Hmmm…

Sabien Technology – yet more delays. Cash crunch ahoy (again)?

Published 908 days ago

Previously writing on boiler technology company Sabien (SNT) last month, I noted a considerable improvement in sales performance needed otherwise its funds will continue being used just to keep the lights on. The following updates with the shares currently more than 6% lower, at 3.75p, on the back of an “AGM Statement”.

Digital Barriers – H1 results, claims a clear, strong organic growth engine. But is there?

Published 908 days ago

Provider of surveillance technologies, Digital Barriers (DGB) has announced results for the six months ended 30th September 2016 including “it is clear that we have now established a strong organic growth engine”, though later also stating “organic revenues… were broadly flat at £6.9m”. Hmmm…

Hayward Tyler – “momentum is continuing to build”, but it needs to…

Published 909 days ago

Engineering group Hayward Tyler (HAYT) has recently been “pleased to announce a series of contract wins, totalling in excess of £4.5m which… confirm that momentum is continuing to build”. However, the shares remain down on the year at a current 83.5p…

Ilika – it was discounted fundraising ahoy, what now?

Published 914 days ago

Materials innovation and solid-state battery technology-focused, Ilika (IKA) has announced that results for the six months ended 31st October 2016 “are expected to show total revenue for the period of £330k (H1 2015: £254k)”, but also “notifications of intent to award three new grants” and “a notification of intent to award a commercially-funded materials development programme” – and the shares are currently approaching 6% higher to 45p in response…

AO World – half-year results argue “a great start to the year”, market response sceptical…

Published 915 days ago

UK and Europe online electrical retailer, AO World (AO.) has announced results for the six months ended 30th September 2016 emphasising “a great start to the year, with group revenue and profits growing well as we continue to deliver on our long-term strategy”. The shares are though little changed at 168.5p…

Westminster Group – having emphasised ‘elimination’ of Darwin Capital convertible loan notes in September, guess what…

Published 915 days ago

Having included as a ‘Key Point’ in its September-announced half year results statement “Darwin Convertible Loan Note debt reduced during period and eliminated shortly afterwards”, Westminster Group (WSG) is now “pleased to announce” £1.2 million of convertible loan notes… with Darwin! The following updates with the shares currently falling back well below 20p in response...

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

Published 919 days ago

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…

Tungsten Corp – regulatory approval for sale of bank, so deal completed… or not…

Published 921 days ago

Having stated as recently as September “the sale of Tungsten Bank is advancing as expected and we continue to expect the sale to complete by 31 October 2016”, there is now a further update on a sale still not completed…

Mobile Streams – reckons “pleased to announce” full-year results, shares down 30%...

Published 927 days ago

“Mobile Streams (MOS), the emerging markets focused mobile media company, is pleased to announce its final results for the year ended 30 June 2016 which are in line with management's revised expectations”. Ok. Er, what? The shares currently 30% down, at 9.625p, in response...

Grafenia – half-year results, another profit warning ahoy!

Published 929 days ago

Having last month concluded on Grafenia (GRA) that I wouldn’t want to bet on expectations being achieved and currently continue to avoid, I note the half-year results announcement sees the shares currently more than 14% lower at 7.5p…

Getech – results claim “continued prospects for profitable trading”, shares again tumble…

Published 929 days ago

Specialist exploration data and petroleum systems studies and evaluations provider, Getech (GTC) has announced results for its year ended 31st July 2016, including axing the dividend as oil prices remained “low and volatile”. The following reviews, with the shares currently more than 11.5% lower on the day, at 26.5p…

eServGlobal – misses FY 2016 targets… but claims “justified optimism” for FY17!

Published 930 days ago

A trading update for its year ended 31st October 2016 from mobile financial technology company eServGlobal (ESG), sees its Executive Chairman, John Conoley, "proud of the achievements of the company in its core business in FY16 after its poor start… we have embarked on FY17 with justified optimism in the core business”. The shares have responded currently slightly lower to 6p…

HaloSource – “Trading Update” = Loss & Cash Warning, desperate strategic review ahoy…

Published 934 days ago

Having consistently over the last year warned on shares in HaloSource (HALO) – most recently HERE – I note they currently more than halved today, heading towards 1p, on the back of “an update on trading ahead of the year ending 31 December 2016”

Earthport – “is pleased to announce”… dire full-year results…

Published 942 days ago

“Earthport (EPO), the leading payment network for cross-border payments, is pleased to announce its final results for the year ended 30 June 2016”. The shares are currently down 4%, to sub 16p, in response. Hmmm…

Sabien Technology – dire full-year results, expects “considerable improvement”. Er?

Published 943 days ago

I previously wrote on boiler technology company Sabien (SNT) last month – ‘£750,000 placing “to continue growth strategy”, AKA to keep the lights on…’. The company has now announced results for its year ended 30th June 2016...

Nanoco – full-year results; claims “excellent position”, but actually en-route to cash crunch ahoy (again)?

Published 957 days ago

Nanoco Group (NANO) Chairman Dr Christopher Richards considers it “a pleasure to be introducing Nanoco's results for the year to 31 July 2016”. The shares are currently more than 6% further lower, at 55p, in response…

Surface Transforms – full-year results; management ‘confident’ and ‘excited’, market response less so…

Published 958 days ago

Developer and manufacturer of carbon ceramic products for the brakes market, Surface Transforms (SCE) “is pleased to announce its preliminary results for the year ended 31 May 2016”. The shares are currently 7.5% lower, at below 25p, in response…

Nanoco – “update on the timing of revenue recognition” just days before scheduled results announcement. Uh-oh…

Published 961 days ago

Having in August announced, for its year ended 31st July 2016, “unaudited revenues in the year were £1.9 million (FY 2015: £2.0 million)”, Nanoco Group (NANO) has now made an “Update re Unaudited Revenues” announcement just days before its scheduled results announcement. Hmmm…

Eagle Eye Solutions – a management either trying to fool you or fooling themselves, whilst at the trough. Oink, oink…

Published 962 days ago

Shares in “SaaS technology company that validates and redeems digital promotions in real-time for the grocery, retail and hospitality industries”, Eagle Eye Solutions (EYE) have recently been on the rise – with recent announcements including a share purchase by CEO Tim Mason and results for the company’s year ended 30th June 2016 including “overall the board is pleased with the significant progress made”. Sounds interesting…

CAP-XX – full-year results, talks CrAP (XX)…

Published 964 days ago

Having previously updated sceptically on supercapacitor and energy management systems company CAP-XX (CPX), I note it is now “pleased to announce its audited results for the year ended 30 June 2016”. Let’s take a look…

Vislink – half-year results, TIMBERRR!

Published 968 days ago

July profit warning meant results for the first half of 2016 from Vislink (VLK) were not going to be good but, on revenue 15% lower than in the corresponding 2015 period, at £22.6 million, a loss of £32.8 million!?! And there’s worse…

Crawshaw – half-year results; is it able to restore material, positive trading momentum?

Published 969 days ago

Writing on fresh meat and food-to-go retailer Crawshaw (CRAW) post a profit warning earlier this month, I concluded that the context meant the severe share price decline, to a then circa 44p, looked merited and the shares best avoided – see HERE. The following updates, with the shares currently at sub 35p, on the back of results for the company’s half year ended 31st July 2016…

SpaceandPeople – half-year results suggest it’ll be profit warning ahoy!

Published 972 days ago

Shares in shopping centre and other high footfall venue promotional and retail company SpaceandPeople (SAL) currently trade approaching 30% lower, at well below 30p, on the back of its results for the first half of 2016. Let’s take a look…

eg solutions – half year results show marked declines… & so emphasise lashings of jam tomorrow

Published 976 days ago

Having warned in June that “first half trading performance and cash generation will be lower than previously anticipated”, eg solutions (EGS) has now announced the results for its half year to end July 2016…

NetDimensions – do half year results offer positives following July warning?

Published 977 days ago

Having warned in July of “delays in deal roll-outs affecting revenue growth”, NetDimensions (NETD) has now announced results for the first half of 2016…

Fitbug – half-year results claim “encouraging progress” & “confident”. Really?

Published 977 days ago

Fitbug (FITB) has announced results for the first half of 2016, including claiming that its “strategy has seen encouraging progress… with our additional working capital and reduced levels of debt following our successful fundraise in July, the board is confident as to the company's future prospects”. The shares have lapped it up by approaching 12%, to 0.28p, but is there really “encouraging progress” and ‘confidence’ here? ...

DP Poland – half-year results; seeks to emphasise “EBITDA loss reduced”, but…

Published 979 days ago

The company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) has announced results for the first half of 2016 and the shares have responded back above 50p. Let’s take a look…

Adgorithms – is again “pleased to report”, but again the shares head materially lower…

Published 979 days ago

Adgorithms (ADGO) “is pleased to report half year results for the six months ended 30 June 2016. In the period, the company delivered revenues of $8.7m, and adjusted gross profit of $2.2m”. Sounds promising, but what? The shares currently down 25% to sub 20p. Hmmm...

Tungsten Corp – claims “a positive start to its new financial year”, but how positive really?

Published 982 days ago

Tungsten Corp (TUNG) has announced at its AGM “a positive start to its new financial year ending 30 April 2017”, though the shares have responded approaching 4% lower to 61.25p. Hmmm, let’s take a closer look...

Enteq Upstream – AGM update on company & industry positions

Published 985 days ago

Having slid back towards 12p following a June announcement of results for its year ended 31st March 2016, shares in oilfield services technology and equipment supplier, Enteq Upstream (NTQ) are currently steady at 16p on the back of an “AGM Statement” announcement, which includes an update on current conditions in the industry…

HaloSource – half-year results claim ‘optimism for the future’, but is there?

Published 986 days ago

HaloSource, Inc. (HALO) has announced results for the first half of 2016 emphasising that a “new technology platform, coupled with our focus on penetrating the fast-growing Reverse Osmosis markets in China and India continues to reinforce the optimism we feel for the future performance of the business”. In response, the shares are approaching 14% lower, at 3.125p. Hmmm…

Monitise – FY results, claims “positive” client response, but then admits contracts taking longer to conclude than anticipated! …

Published 990 days ago

Monitise (MONI) has announced results for its year ended 30th June 2016 emphasising “substantial improvement” in second half operating figures and “FINKit®, our new business unit which enables banks and financial services organisations to transform their digital services, launched during the year generating initial revenues in the second half of FY 2016, and received a positive response from current and potential clients and partners”. Sounds good…

EU Supply – half-year results, working capital looks tight…

Published 991 days ago

Having risen from just above 4p in the first half of June, shares in e-procurement SaaS provider, EU Supply (EUSP) are holding steady above 10p currently post its results for the first half of 2016…

Starcom – half-year results, “sufficient working capital”?

Published 992 days ago

“Starcom (STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people… (is) pleased to report the unaudited results for the six months period ended 30 June 2016”. The shares are currently more than 15% lower, at 3.375p, in response. Hmmm…

Mobile Streams - “a significant initial milestone in India”, Really? …

Published 992 days ago

Shares in mobile media company, Mobile Streams (MOS) are currently more than 170% higher, at above 11p, on the back of an announcement that the company has reached 50,000 ‘active subscribers’ in India. Hmmm…

Vipera – “pleased to announce” half-year results, shares respond more than 10% lower...

Published 994 days ago

“Vipera (VIP), the specialist provider of mobile financial services, is pleased to announce its unaudited interim results for the six months ended 30 June 2016”. The shares are though currently 10.5% lower, at 4.25p, on the back of the announcement. Hmmm…

Rex Bionics – results statement notes “a number of important milestones”, but what about the financials?

Published 1003 days ago

Robot technology to enhance the mobility of wheelchair users-focused Rex Bionics (RXB) has announced results for its year ended 31st March 2016 and that this “has been a period of broad progress across all areas, and we are pleased to be able to report to shareholders on the achievement of a number of important milestones during the period”. Hmmm…

Cyan – a “world leader” adopting a model “similar to ARM Holdings plc”. Really?!? …

Published 1007 days ago

Self-declared “world leader” in technical jargon to describe what it does (Oops, I meant “in narrowband RF mesh networks for Omni Internet of Things communications”), Cyan (CYAN) has announced results for the first half of 2016 – noting its “financial performance reflected the increasing maturity of our offering and relationships” and that it’s “excited by the group's growth prospects”. Hmmm…

Imaginatik – FY results, claims “pleased” with the growth & progress. Hmmm, really?…

Published 1013 days ago

Provider of innovation software and related professional services to large and medium-sized enterprises, Imaginatik (IMTK) has announced results for its year ended 31st March 2016 and states it is “pleased with the growth achieved in the year and the underlying progress within the business”. The shares are though currently a further more than 6.5% lower, at 1.75p. Hmmm…

Earthport – “is pleased to provide” a trading statement for a year of “challenges” & a “material… fraud incident”. Hmmm…

Published 1013 days ago

A leading burner of cash (Oops, sorry, “leading payment network for cross-border payments”), Earthport (EPO) “is pleased to provide an unaudited trading update for the fiscal year ended 30 June 2016”. Hmmm…

Red Rock Resources – cash inflows update & company chat...

Published 1013 days ago

Following interim results in March noting an “objective of moving towards cash breakeven and then cash generation within this year”, Red Rock Resources (RRR) has today updated on cash inflows and I’ve spoken with the company...

blur Group – “is pleased to present” its half year results, it shouldn’t be…

Published 1016 days ago

Prodigious cash-burning machine (sorry, services platform and marketplace group), blur (BLUR) “is pleased to present its unaudited interim results for the six months ended 30 June 2016”. Hmmm – this with the shares down from a start of the year 17p (and much, much higher when we first started warning) to a current little more than 7p…

Cloudcall – told ya; from ‘clearly enough cash to reach break-even’ to placing in less than 5 months!

Published 1020 days ago

Synety, now Cloudcall Group (CALL), - 22 Mar 2016: “clearly shows us having enough cash to deliver this company to break-even without the need to raise further funds”05 Aug 2016: “Interim results announcement… Proposed Placing to raise up to £3.77m”. Hmmm...

Nanoco – claims “commercial, technological and organisational” milestone achievements, but financials?

Published 1021 days ago

An announcement commences “Nanoco Group plc (NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, provides the following trading update ahead of its preliminary results for the year ended 31 July 2016. During the year, the company made substantial progress and achieved a significant number of commercial, technological and organisational milestones”. Hmmm, I note no mention of ‘financial’, wonder why? ...

Brave Bison – shares up on H1 trading update, but is this previous wrongster really to now become a rightster?

Published 1034 days ago

Shares in previous wrongster Rightster Group, now Brave Bison Group plc (BBSN), currently trade more than 17.5% higher today, at 5p, on the back of a trading update ahead of its results for the first half of 2016, expected to be announced on 31st August. Is it really now recovery ahoy here?

HaloSource - another (lack of) revenue warning, seemingly remains on path to cash crunch ahoy!

Published 1034 days ago

In May I questioned whether the HaloSource, Inc. (HAL) sale of its Recreational Water business was all as it initially seems – and the company now updates that “total revenue from continuing operations for the period ended 30 June 2016 was $1.4 million (H1 2015: $2.7 million)” and “a cash balance of $4.1 million”. Hmmm…

Tungsten – claims “special operating assets”, but currently just another ’specially bad financial performance

Published 1035 days ago

Tungsten (TUNG) has announced results for its year ended 30th April 2016 and that “the board is confident the company is well positioned for further sustainable growth”. The shares are further lower, at a current 43p, in response. Hmmm…

NetDimensions – is “pleased to provide” a first half trading update, shares down 25%. Hmmm…

Published 1035 days ago

“NetDimensions (NETD), a global provider of performance, knowledge and learning management systems, is pleased to provide a trading update for the six months ended June 30, 2016”. The shares are currently more than 25% lower, at 43.5p, on the back of it. Hmmm…

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

Published 1038 days ago

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...

Monitise – MONI, MONI, MONI, another “Trading Update” that’s not funny for shareholders

Published 1040 days ago

Long-time specialist in draining shareholder money (sorry, “specialist in financial services technology focused on accelerating the digital transformation of banks and financial institutions”), Monitise (MONI) commences the first two bullet points of a trading update with “in line with previous guidance”, though the last includes that it “expects FY 2017 revenue to be lower than FY 2016 as a result of the continuing transition for the business”. Uh oh…

DP Poland – trading update emphasises “confidence”, but what about valuation?

Published 1041 days ago

Last commenting on the company with the exclusive right to Domino's Pizza stores in Poland, DP Poland (DPP), I was sceptical of the valuation (and management greed). However, a “Trading Statement” announcement today sees the shares further higher. Hmmm…

Mirada – CEO “pleased to present” full-year results, though shares down 9.5% in response. Hmmm…

Published 1042 days ago

The CEO of provider of software for digital TV Mirada (MIRA), José Luis Vázquez, is “pleased to present the group's financial results for the year ended 31 March 2016”. The shares are though more than 9.5% lower, at 4.75p, in response. Hmmm…

Fastjet - Bailout Fundraising underway, now reliant on new investors

Published 1063 days ago

Fastjet (FJET) has its AGM and general meeting later this morning, at which the EasyGroup special resolution to oust the Chairman will be put to shareholders. Ahead of that, we have a trading update which confirms the bearish stance held on this website for the past several months.

AO World – full-year results, do the numbers reflect “deliver(ing) huge benefits to the business”?

Published 1081 days ago

Online electrical retailer AO World (AO.) has announced results including that “the consistent focus we place on delivering amazing customer service along with the investment we have been making in our brand continues to deliver huge benefits to the business” and that “trading in the current financial year has started well”. The shares though are now down 6%, to 157p, on the back of the announcement. Hmmm, let’s take a look...

Sabien Technology – more problems (& some pure comedy) in the boiler room

Published 1088 days ago

“The board of Sabien Technology Group plc (AIM: SNT), the manufacturer and supplier of M2G, an energy efficiency technology, announces that the company now expects to report revenues of c. £0.9m and a loss of up to c. £1.7 m in the financial period to 30 June 2016”. Hmmm, let’s read on... ‘UK pilot programme’, ‘Sales pipeline’, ‘Overseas pilot programme’ and finally ‘UK trading’… “results for the current financial year stem from the withdrawal of a number of large prospects from the opening pipeline at 1 July 2015 and a reduction in contract value of a number of sales”. Uh oh…

Starcom – review following recent share price gains

Published 1089 days ago

Though currently slipping back today, a still circa 3.5p share price of Starcom plc (STAR) compares to 1.25p hit post the company’s announcement of results for 2015 in March and a 1.5p per share placing later that month. Hmmm, what’s happening here?

Nature Group – full-year results statement absolutely ludicrous

Published 1094 days ago

Shares in provider of port reception facilities and waste treatment solutions for the oil, marine and process industries, Nature Group (NGR) are down approaching 24%, at 5.625p, on the back of a “Final Results” announcement. Recently-appointed Chairman Berend van Straten is though “pleased to announce the 2015 results”. Hmmm…

Advanced Oncotherapy – “£24m financing secured”… or is it?

Published 1094 days ago

Shares in Advanced Oncotherapy (AVO) are ahead smartly currently on the back of an announcement headlined “£24m financing secured for the provision of vendor financing by AVO for the Harley Street project”. Hmmm, let’s take a look…

Lombard Risk – full-year results it is “pleased to report”, it shouldn’t be…

Published 1095 days ago

Chairman Philip Crawford is “pleased to report on a year of considerable development and growth for Lombard Risk” (LRM). The results suggest he shouldn’t be…

eServGlobal – trading & research update, “on track”... or not?

Published 1096 days ago

Shares in mobile financial services company eServGlobal (ESG) have recently moved higher on the back of a trading update particularly emphasising that “the company confirms it remains on track to achieve a small EBITDA* surplus for the core business”. However, researcher Edison has now updated including “we have revised our forecasts to reflect H116 performance, reducing our revenue and EBITDA forecasts”. Hmmm…

Tungsten – Full-year trading update, the board reckons ‘unwavering belief’. Hmmm…

Published 1097 days ago

Tungsten Corp (TUNG) has updated on a cash balance “£1.1 million in excess of the board's expectations” and revenues for its year ended 30th April “representing an increase of at least 12.5% on the prior year”. The shares are though currently lower, at around 58p, in response. Hmmm, better continue reading…

Mobile Streams – a 2:21pm “Trading Update”, Uh oh…

Published 1101 days ago

A Thursday 2:21pm “Trading Update”. Hmmm. “Mobile Streams plc (MOS) updates the market on its expectations for the current financial year ending 30 June 2016”. Uh oh…

Ubisense – it’s so long, farewell, Auf Weidersehen, goodbye... to CEO Richard Green & his “performance payments”

Published 1103 days ago

Previously on Ubisense Group (UBI), I reviewed a November profit warning and noted an idea where the “further cost actions” can start – see HERE. That was with the shares then at 66p. With them now at 29p, an announcement from the company begins with “that it is to expand the remit of its chairman, Peter Harverson, to become executive chairman with immediate effect”. Hmmm, why’s that then?

Ten Alps – from “on track to generate a full year profit for the first time in a number of years”, to…

Published 1104 days ago

8th March 2016: Ten Alps plc (TAL) “remains on track to generate a full year profit for the first time in a number of years and to continue momentum into the medium term”17th May 2016: “The group has continued to sustain losses in certain parts of its publishing operations, the turnaround of which has taken longer than expected. These continued losses are likely to result in the group not being profitable for the year as a whole”. Uh oh…

blinkx – massive FY2016 loss, but now reckons set “to fuel high quality organic growth”. Hmmm…

Published 1104 days ago

Internet media company blinkx (BLNX) headlines its results for its year ended 31st March 2016; “Company records 68% growth in Core programmatic revenues while simultaneously reducing annualized operating expenses by $40M, during a year of rapid Industry evolution and reaffirms its expectation to return to full year profitability1 in Financial Year 2017”. All good then? Er, not quite…

Brady plc – AGM trading update sounds reassuring, BUT…

Published 1105 days ago

Having previously updated on Brady plc (BRY) to not be fooled by the 2015 ‘trading in line’ - it’s disingenuous spin, the following updates post the company's results announcement for the 2015 calendar year and, more recently, an AGM update...

Rightster - AGM update, is this still a wrongster?

Published 1112 days ago

Rightster Group (RSTR, though set to be re-named Brave Bison Group) talks in an AGM statement today of “moving to profitability and greater value going forward” with a “new strategy, in creating owner operated video channels”. Hmmm, having thus far been a wrongster, is this really now set to be a rightster?

HaloSource, Inc. – agreement for sale of Recreational Water business, is all as it initially seems?

Published 1112 days ago

HaloSource, Inc. (HAL) has announced “a conditional asset sale agreement to sell its Recreational Water business… for an initial cash consideration of up to $7.5 million and further deferred cash consideration of up to $0.5 million”. The announcement though later states “an initial cash payment of $4.0 million”. Hmmm, what’s going on?

John Lewis of Hungerford – half year results are another profit warning

Published 1115 days ago

Shares in kitchens and furniture designer, manufacturer and retailer, John Lewis of Hungerford (JLH) are amongst the major fallers today on the back of a half year results statement noting “lower than our anticipated sales growth” and “continued deflationary pricing pressure”. Hmmm…

Fitbug – shares down as 2015 results awaited, another fundraising needed & ahoy?

Published 1117 days ago

Having warned both during a late 2014 ramparoonie that would take the shares to 20p and then all the way down, I note shares in Fitbug Holdings (FITB) are currently a major faller – down more than 14% on the day at 0.45p. Hmmm…

blur Group – ‘Contract win’ seemingly sparks further delusion

Published 1118 days ago

Perennial cash-burning machine, sorry “Enterprise Services Platform & Marketplace”, blur (BLUR) “is pleased to announce the signing of a two year contract with a FTSE 250 multi-channel retail group”. Apparently, this contract win “demonstrates that business leaders and large corporates are increasingly acknowledging the need to prioritize their unmanaged, indirect business services spend and recognize that blur's platform offers an efficient and agile solution to drive new efficiencies within indirect spend”. Hmmm…

WANdisco – indebted cash-burning machine announces purportedly “significant milestone” news. How long till discounted confetti ahoy?

Published 1123 days ago

Shares in unique cash-burning machine (sorry, “unique… provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability”), WANdisco plc (WAND) currently trade 25% higher today, at 225p, on the back of an announcement that it “has entered into a non-exclusive OEM sales agreement with IBM under which IBM intends to sell WANdisco's Fusion data replication product”. Hmmm…

Plexus Holdings – new funds to accelerate Russia rollout or keep lights on?

Published 1125 days ago

Plexus Holdings (POS) has announced it is working on a licence agreement to enter the Russian and other CIS states’ surface land and platform production wellhead equipment markets and has raised $5 million of new equity “to support tailored research and product development and the company's sales and marketing efforts in Russia and other territories worldwide as well as for general working capital requirements”. Hmmm…

eServGlobal – claims “significant contract”, but guidance only maintained; PLACING AHOY!

Published 1129 days ago

eServGlobal (ESG) has announced what it immediately claims as “a significant contract to supply its PayMobile software”. However, despite approximately €2.5 million of the €6 million contract value to be recognised in the company’s current year to 31st October, it only “maintains” financial guidance. Hmmm…

Torotrak – “Trading Statement” announcement is actually ‘commercialisation delay’

Published 1130 days ago

Emissions reduction and fuel efficiency technology company Torotrak (TRK) has released a “Trading Statement” commencing that “the group has made good progress in executing the three year strategy to commercialise its technologies… During the last 12 months there has been a significant increase in interest from potential licensees and OEM customers in gaining access to the group's KERS technology in off-highway and V-Charge in passenger cars”. The shares are though currently more than 6.5% lower, at 5p, in response. Hmmm…

Utilitywise – half year results, same old problems currently remain

Published 1132 days ago

Utilitywise (UTW), which seeks to leverage relationships it has with energy suppliers to business customers, has announced results for the six months to 31st January 2016, emphasising “continued strong performance… delivering another period of revenue and profit growth”. What about the all-important cash generation and balance sheet though?

Strat Aero - W. Hulsey Smith again hits back as his counterclaims are filed

Published 1132 days ago

I previously updated on drone company Strat Aero (AERO) post a £400,000 placing and it announcing that it had “received a defence and counterclaim from W. Hulsey Smith” but “intends to vigorously pursue its claims against Mr. Smith and believe his counterclaims and purported defence to be without merit” - see HERE. Smith has now again hit back…

21st Century Technology plc – another attempted ‘no one watching o’clock’ failure

Published 1136 days ago

Friday (15th April) at 2:24pm: “The board of 21st Century (C21) today provides the following trading update”. Hmmm. My guess is it ain’t gonna be good…

Strat Aero – litigation now flying, receives defence and counterclaim from Hulsey Smith

Published 1136 days ago

Previously commenting in February on drone company Strat Aero (AERO) with its shares at 3.75p, I noted a somewhat rampy tone and that the latest developments were possibly a precursor to fundraising ahoy - see HERE. Much has happened since - and a further development today sees the shares currently more than 13% lower...

Koovs plc – “received firm indications of interest” for £20 million, but will the jam tomorrow be delivered?

Published 1138 days ago

India-focused online fashion retailer Koovs (KOOV) has announced a conditional, including on General Meeting approval, capital raising at 25p per share. This stated to be “part of our planned growth, and will allow us to continue to build our brand, develop our customer offer, and deliver our strategy”. Hmmm…

Getech Group – interim results, claims “a strong financial position”. Really?

Published 1146 days ago

Having followed a profit warning with news that its CEO is to walk the plank, geoscience services group Getech (GTC) has announced results for its half year ended 31st January 2016. They ain’t pretty…

blinkx – financials poor (natch), so claims “year of integration and investment”. Hmmm...

Published 1146 days ago

Internet media company blinkx (BLNX) has updated on “a year of integration and investment” i.e. a year in which financial performance was poor so we’ll claim to have laid the foundations for future growth instead...

Intelligent Energy – shares soar, but is funding & restructuring announcement all it seems?

Published 1147 days ago

Having reviewed “energy technology” (AKA ‘green shite’) company, Intelligent Energy (IEH) last month on the back of funding calamity - see HERE, I now update with the shares currently more than 70% higher, at around 17p, today on the back of an announcement entitled “Funding Update and Proposed Business Restructuring”. Hmmm...

Volex: update on trading & meaningless director share purchase reaffirm bear view

Published 1185 days ago

November-announced interim results from power and data cabling provider, Volex plc (VLX) noted “tough” trading conditions, but also that “several significant new projects expected in H1 FY2016 have been deferred into H2 FY2016 including the roll out of a new product from our largest customer. We are already beginning to see the benefits of these projects in the second half”. Today we have that “expected demand for both existing and new products from our largest customer was less than expected in the second half of the year”. Uh oh…

Seaenergy – shares up, selling opportunity?

Published 1193 days ago

Shares in AIM-listed under-sea train-wreck SeaEnergy were up 10% yesterday on news from Lansdowne Oil and Gas (LOGP) – see herewhich itself was up a whopping 33% at 2p mid. 

SolGold continues to burn through cash - sell

Published 1217 days ago

There seem to be so many mining companies on AIM that burn through cash without looking any closer to actually producing anything! Some of them catch my eye as they’ve been around for a few years and often were previous ‘darlings of AIM’ amongst private investors, and SolGold (SOLG) definitely falls into that category.

Monitise plc – “Telefónica cloud platform agreement” not as positive as it may sound…

Published 1312 days ago

“Monitise (MONI) and Telefónica cloud platform agreement” Great news! What? The agreement supersedes an existing contract between the companies, is only “to explore” potential projects based on the Monitise cloud platform and “the company's guidance for FY 2016 remains unchanged as a result of this announcement”. And it gets worse?...

WANdisco – trying (and failing) to PR spin its way out of bookings disappointment?

Published 1493 days ago

The 18th April 2013: a WANdisco plc (WAND) announcement entitled “Q1 2013 Bookings Update”. 17th April 2014: a WANdisco announcement entitled “Q1 2014 Bookings Update”. 23rd April 2015: a WANdisco announcement entitled… er, “Fusion Attracts First Big Data Customers” - despite the first sentence of the announcement noting that the company “reports on first quarter sales”. I think I can guess why…

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