Results

7digital – shares soar on Denmark assets sale… but that transaction sufficient?

Published 17 days ago

Having first cautioned on 7digital (7DIG) a couple of years ago with the shares at 6.75p, they’re currently 0.60p. However, that compares to sub 0.20p previously sunk to – before a “7digital agrees sale of Denmark assets to TDC” announcement…

7digital Group – loan notes redemption notice further accelerates the cash crunch ahoy!

Published 39 days ago

Having earlier this week updated including “the board's current view is that the business will require material further equity and/or debt funding in the next quarter without which the company would be unable to continue as a going concern”, now an “Early Redemption of Loan Notes” announcement from 7digital Group (7DIG). Uh oh…

Starcom – customer planning for larger orders? Hmmm…

Published 59 days ago

Provider of wireless solutions for remote tracking, monitoring and protection, Starcom (STAR) is “pleased to see WIMC indicating satisfaction with Tetis and planning for larger potential orders” – and its shares have currently responded slightly higher, to 1.275p…

Surface Transforms – placing “following recent investor demand” bullshit again?

Published 61 days ago

Surface Transforms (SCE) has updated including “we are pleased that current shareholders continued to support our strategy to become a series production supplier of carbon ceramic brake discs to the large volume original equipment manufacturer automotive market. We look forward to the future with confidence”. This from a “£1.9 million placing” announcement…

Mobile Streams – “delighted by this increased support from our existing investors”. Er…

Published 82 days ago

Mobile content retailer in Argentina and India, Mobile Streams (MOS) “is pleased to announce a fundraising of £140,000… at 0.35 pence per subscription share”, with CEO Simon Buckingham “delighted by this increased support from our existing investors. We are excited by the potential to launch our mobilegaming.com games services in the large Indonesian market”. Hmmm...

DeepMatter Group – with the dilution, why a larger placing?

Published 84 days ago

An announcement from DeepMatter Group (DMTR) commencing; “Further to its announcement dated 20 December 2018, DeepMatter, the AIM-listed company focusing on digitizing chemistry, is pleased to announce that it has raised approximately £4.0 million by way of a placing of 159,185,680 new ordinary shares at 2.5 pence per share”. Hmmm – the shares have currently responded 17.5% lower…

Mobile Streams – “initiative in Indonesia” announcement is re. services not yet launched. Hmmm…

Published 118 days ago

“new market initiative in Indonesia” announcement from Mobile Streams (MOS), including CEO Simon Buckingham arguing, having “considered a number of markets to complement Latin America and India… we strongly believe that Indonesia, a sizable market with a population of over 250 million, provides the best opportunity to achieve positive results in both the short and long term”. Hmmm…

ECSC Group – “Managed Services Contract Win” RNS Reach, time for an attempted ramparoonie?

Published 122 days ago

“Managed Services Contract Win” from ECSC Group (ECSC) – and the shares have responded more than 10% higher to 77.5p. But it’s an RNS Reach - i.e. “non-regulatory news releases such as marketing messages, corporate and product information” - announcement. Hmmm…

Mobile Streams – partnership with Reliance Jio ‘delight’, but financials?...

Published 133 days ago

Mobile Streams (MOS) is “delighted to be partnering with the world's fastest growing telecom company, Reliance Jio… India's largest 4G network”. However, it’s an RNS Reach announcement…

Tungsten – half-year results,will it go bust & if so how soon?

Published 158 days ago

Business transaction network company Tungsten (TUNG) has announced results for its half-year ended 31st October 2018, including CEO Richard Hurwitz emphasising “we have achieved much in the first half of the financial year to support future revenue growth, including the new customers that we have signed, securing our Italian SdI registration and our partnership with Mastercard”. So why do the shares remain depressed around 32p?...

Directa Plus – new agreements & argues “good progress” and “increasing confidence”, but what does it all mean financially?

Published 178 days ago

Writing on Directa Plus (DCTA) in September, with the shares up to circa 70p, I questioned do road test & CEO share purchase merit the shares soaring?. Now, an “Environmental Sale and Participation in Trial” announcement today has followed a trading update yesterday…

Mobile Streams – ramptastic user number RNS Reach. Hmmm, why now I wonder?

Published 178 days ago

“MOS welcome the 6 millionth user”-titled announcement from Mobile Streams (MOS) sounds ramptastic… and it’s an RNS Reach (“non-regulatory news releases such as marketing messages, corporate and product information”). Alarm bells ringing…

Mporium – argues “strong progress”, so what are new funds needed for?

Published 187 days ago

Mporium (MPM), “the technology firm delivering event-driven marketing, is pleased to announce that it has conditionally raised approximately £2.3 million… at an issue price of 5 pence per subscription share”. This is with CEO Nelius De Groot emphasising “the group continues to make strong progress”, and the price comparing to a prior close of 4.3p. So great news then?...

Maistro – fundraising at a massive discount, despite in September arguing “significant progress” & “looking forward with confidence”!

Published 187 days ago

Writing on the former blur Group, Maistro (MAIS), in September with the shares at 5p, I commented “Business Update”… but it’s what has not been said - noting the previous cash flow and net cash situations. Now an intra-day “Placing” announcement…

LightwaveRF – another RNS Reach from it, another warning to investors from me

Published 210 days ago

“LightwaveRF plc (LWRF), the leading smart home solutions provider, is pleased to announce that the Tech Industry ratings publication Trusted Reviews has described Lightwave as a stand out system”. Hmmmmmm…

Surface Transforms – “pleased to announce” results, so why the share price decline?

Published 245 days ago

“Surface Transforms (AIM: SCE) is pleased to announce its preliminary results for the year ended 31 May 2018”. The shares have responded, er, currently more than 4% lower, below 18p…

Richoux – “reduction in the level of losses”, but bailout funding still needed?

Published 264 days ago

Previously writing on RichouxVillagioFriendly Phil'sZintino and The Broadwick restaurants company Richoux Group (RIC) it was results statement emphasises “ungeared”… but concerns as the shares crashed below 7p. Today a trading update…

Itaconix – Woodford pick which states it is “a world leader… with break-through economics”, so why the proposed fundraising?

Published 312 days ago

Previously writing on Woodford dog Itaconix (ITX), it was Q1 trading update, ‘More cash please, Neil’ indeed!. Subsequently, the shares have been suspended due to “as a result of the requirement for further funding, the company will not be in a position to publish its annual audited accounts for the year ended 31 December 2017 by 30 June 2018, as required by AIM”. Today results and “Proposed Fundraising” announcements…

Koovs – it’s cash rather than social media reach which is currently critically important!

Published 329 days ago

Seller of “affordable western fashion in India online”, Koovs (KOOV) has followed an announcement last week of “partners with Bollywood icon Taapsee Pannu” with “GQ Best Dressed Kunal Rawal Joins Rush For Koovs”. Hmmm, ramptastic?...

Koovs – agreement to buy media & advertising services… but isn’t it cash crunch ahoy?

Published 336 days ago

Seller of “affordable western fashion in India online”, Koovs (KOOV) “is pleased to announce… the company will acquire four £6m tranches of media from HT Media at six monthly intervals over a twenty-four-month period”. Hang on a minute, isn’t it cash crunch ahoy here though?...

Surface Transforms – argues “these results are encouraging”… but looks to be firmly heading to cash crunch ahoy AGAIN!

Published 341 days ago

“Pre Close Trading, Customer and Operations Update” from Surface Transforms (SCE) includes CEO Kevin Johnson stating “these results are encouraging with good progress being made in virtually all areas”. The shares have responded... er, lower to 18p…

CyanConnode – attempts to mitigate with it cash crunch & AGM ahoy

Published 342 days ago

Having announced results little more than 3 weeks ago, now a “Pre-AGM Update” from CyanConnode (CYAN) – the AGM though not until next week. A significant development then?...

Catalysts at Tesla and Telit - keep selling!

Published 349 days ago

In these benign markets, the word “catalyst” is heard frequently among bears. They may agree that they have found a real turkey, but fret about what specific event will engender a sudden loss of confidence and resultant share price fall. I suggested recently that a cash crunch is the most reliable catalyst for a correction, but it’s not that straightforward as demonstrated by two of my favourite shorts - Tesla (NASDAQ - TSLA) and Telit (TCM), both of which have traded sideways for a while.

CyanConnode – 2017 results argue “significant progress”… but later admit it’s cash crunch ahoy!

Published 364 days ago

Self-styled “the world leader in narrowband radio mesh networks”, CyanConnode (CYAN) has announced results emphasising “2017 has been a year during which we have both made significant progress within the company in terms of winning orders, growing our global ecosystem of partners, expanding our geographical reach, and putting in place a world class team to develop product and deliver on the order book which has grown significantly during the period”. Er, ok. What about financially?...

Koovs – share price excitement dampened as it currently remains cash crunch ahoy

Published 397 days ago

“Share Price Movement and Interim Funding” announcement from India online fashion retailer Koovs (KOOV). Hmmm, “interim funding” hey…

Corero Network Security – ‘Customer Wins’, though still what about the cash crunch ahoy?

Published 432 days ago

Customer Wins announcement from Corero Network Security (CNS). When I last updated in January it was “Significant Contract Wins”. Hmmm, what about the cash crunch ahoy?, so what now?...

Audioboom – facing cash crunch ahoy again… a proposed reverse takeover

Published 461 days ago

Spoken word audio on-demand platform company Audioboom (BOOM) has announced a proposed $185 million reverse acquisition of USA-headquartered online audio industry technology provider Triton Digital, Inc. – this following shares in Audioboom having risen from 3.34p to above 3.6p yesterday (hmmm!)…

Mobile Streams – argues ‘huge opportunity’… but it’s current decline & cash crunch ahoy!

Published 472 days ago

I concluded in December on mobile content company Mobile Streams (MOS) that there didn’t look a great situation at present in the currently key India market and that I continued to avoid. There’s now a 09:30am Trading Statement

Photonstar LED – a disposal, but also roll-out delays – still cash crunch ahoy?

Published 474 days ago

Photonstar LED (PSL) has announced what it argues is “a further step towards PhotonStar's strategy of transforming the group into a software and services business, focused on lighting and building management as a service”, together with a Trading Update

Defenx – ‘Trading Update’; as warned, it’s got to reach the medium and long-term first!

Published 476 days ago

A previous Trading Update from cyber-security software company Defenx (DFX) was it going from “satisfied” with trading less than a month ago… now “materially below” profit warning. There’s now another Trading Update

ECSC Group – “pleased to announce” trading “in line”, so why a c. 20% share price fall?

Published 495 days ago

Cyber security services group ECSC (ECSC) has updated, including that it “is pleased to announce that trading performance for the 12 months ended 31 December 2017 was in line with market expectations”. So why a current circa 20% share price decline, below 200p?...

Corero Network Security – “Significant Contract Wins”. Hmmm, what about the cash crunch ahoy?

Published 502 days ago

Corero Network Security (CNS) “is pleased to announce” combined customer orders “worth in excess of $400,000 for SmartWall products and related one-year support services”. What’s the detail and import of this?...

HaloSource – before (latest) bailout from Woodford & co even approved, an attempted no-one watching o’clock “Trading Update”. Uh oh

Published 508 days ago

In September I noted on HaloSource (HALO) Woodford dog barks “very pleased with the progress”… but then admits it’s set to be cash crunch ahoy AGAIN!. There then followed a flurry of ‘news’… then surprise, surprise a fundraising… And now an attempted ‘no-one watching o’clock’ Trading Update. Uh oh. Trading warning ahoy?...

HaloSource - Africa launch ‘news’… but what about the cash crunch ahoy?

Published 531 days ago

HaloSource (HALO) has announced that “its patented, best-in-class HaloPure disinfection technology is being utilised to power a line of purifying pitchers sold in retail outlets across South Africa by H20 International… Marks the first sale of HaloPure-powered devices on the African continent” - and the shares have currently responded more than 15% higher towards 2p. Ramptastic!...

Torotrak – you were warned, requires fire sale miracle or it’s administration ahoy

Published 535 days ago

Previously writing on Torotrak (TRK) in July I noted hopefully warnings heeded – it’s cash crunch ahoy!. The crunch was noted earlier this week (see HERE) - and now a further financial position update from the company…

Premier Veterinary Group – narrower focus of resources in the US, wonder why?

Published 579 days ago

A March AGM update saw Premier Veterinary Group (PVG) “confident in the prospects for the US business and has agreed to significantly increase PVG's investment commitment in the current financial year in the US”. An update today includes a narrower focus of resources in the US “until such time that the changes the group is implementing to improve sign up rates take effect and are sustained”. And there’s worse…

Corero – why shares down despite recent “Significant Contract Win” & “Partnership Agreement” announcements?

Published 584 days ago

Despite accompanying half-year results last month with a “Significant Contract Win” announcement, shares in Corero Network Security (CNS) still declined. This week has seen a “Partnership Agreement” announcement – with the same result…

LightwaveRF – trading statement emphasises top-line growth, but why no update on cash?

Published 593 days ago

LightwaveRF (LWRF) commences a trading update for its year ended 30th September 2017 with that “the company anticipates that revenue will have more than doubled from the prior year (2016: £1.44m). Gross margin is also expected to have materially increased (2016: 32.5%)”. However, the shares have currently responded slightly lower to 23.5p…

Photonstar LED – interims; despite delay of roll-out May placing was stated to be for, guess what?

Published 598 days ago

Results for the first half of 2017 from PhotonStar LED (PSL) include that “during H1 2017 steady progress has continued to be made in transitioning the group into becoming a retrofit connected lighting and building management business” and that “we… believe… we are now well positioned to achieve the successful delivery of Halcyon” (the company’s ‘Internet of Things’ platform for retrofit into commercial buildings). The shares have responded, er, more than 30% lower to 0.825p…

HaloSource – Woodford dog barks “very pleased with the progress”… but then admits it’s set to be cash crunch ahoy AGAIN!

Published 616 days ago

HaloSource (HALO) is “very pleased with the progress we have made with our newly executed all Drinking Water business strategy”. Good, good – this results statement for the first half of 2017 should be encouraging then…

Nanoco – full-year trading update, still firmly on route to cash crunch ahoy (again)

Published 633 days ago

Previously writing on Nanoco Group (NANO) in October with the shares at 55p, I concluded that still a very high asking price for the ‘jam tomorrow’ story with cash burn concerns; sell. The following updates with the shares currently further lower below 30p on the back of a “Full Year Trading Update and Outlook” announcement…

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

Published 643 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?...

Torotrak – Full-year results, hopefully warnings heeded – it’s cash crunch ahoy!

Published 661 days ago

Last writing on Torotrak (TRK) at the end of May, I concluded hopefully the warnings here have been heeded. This stock remains firmly on the bargepole list. The shares are now slumping further on the back of results for its year ended 31st March…

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

Published 676 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?...

Surface Transforms - discounted fundraising o’clock (as warned)

Published 683 days ago

In December I noted cash concerns on Surface Transforms (SCE) following a half-year trading update. I reiterated these last month, despite the company arguing “we continue to look forward with confidence”. Now surprise, surprise it’s discounted fundraising ahoy…

Nature Group – as I warned; without additional material contracts in the short term, it’s cash crunch ahoy!

Published 692 days ago

On 31st May-announced results from port reception facilities and waste treatment group Nature (NGR), I noted having previously warned on the shares in January as they jumped above 12p, they down, heading towards 8p, as clearly material improvement in performance is needed otherwise it’ll soon be cash crunch ahoy. Bargepole. The shares are currently further significantly lower today, heading towards 4p, on the back of an AGM statement… which warns of cash crunch ahoy!...

Surface Transforms – despite delays, argues “continue to look forward with confidence”. Hmmm - cash crunch ahoy?

Published 699 days ago

Surface Transforms (SCE) has made an “Operations, Customer and Pre Close Trading Update”, including that a German OEM is “now expected to introduce the company's products earlier than expected - on racetrack cars - in 2018” and “the company is now in full production, on all processes, at Knowsley”. However, other news is far from positive…

Microsaic Systems – from in December sales to be “substantially ahead” of 2016’s, to now “significantly lower than for 2016”

Published 700 days ago

“Trading Statement” announcement from Microsaic Systems (MSYS) includes Chairman Eric Yeatman commenting “we are very encouraged with the progress since our 21 March 2017 update, when we introduced our biopharma strategy, specifically around bioprocessing. We are engaging with several of the leading players in the global market for bioprocessing equipment”. However, the statement also includes that “the company now expects its H1 and full year 2017 revenue to be significantly lower than for 2016”. Hmmm…

Avanti's next cash crunch could be far sooner than people think - in fact it could be in two weeks' time

Published 705 days ago

It is not a matter of IF drowning in debt satellites company Avanti Communications (AVN) will eventually see a 100% shareholder wipeout ( right now it is c99%) but WHEN. And it might be rather sooner than most folks think. In two weeks time to be exact. Is there something that its CEO , the bombastric Welsh prick David Williams, is not telling us as he counts his $15-20 million winnings.

Nature Group – 2016 results make clear material improvement needed otherwise it’ll soon be cash crunch ahoy!

Published 719 days ago

Having most recently warned on shares in Nature Group (NGR) in January as they jumped above 12p, I note they currently down 12% today, heading towards 8p, on the back of the company’s 2016 results announcement…

21st Century Technology – from “good” recent progress in December, to now-stated “poor” second half 2016 financial performance!

Published 724 days ago

Fleet and passenger systems company 21st Century Technology (C21) has, tardily, announced results for the 2016 calendar year, though with CEO Russ Singleton emphasising “we made real strides last year with major framework renewals, organisational restructuring and innovative new sales”. Sounds promising. However...

Infrastrata – cash crunch & sack-the-board General Meeting ahoy… so it’s strategic review time!

Published 728 days ago

Having bought itself some time by declaring an initial sack-the-board General Meeting requisition “invalid” (a revised, valid requisition announced by it at an attempted ‘no one watching o’clock’, 5:15 pm, on Friday), Infrastrata (INFA) has this afternoon made a “Review of stategic options & project update” announcement...

PhotonStar LED – shares 'roof it' on a “proposed roll out” announcement. Hmmm…

Published 752 days ago

Shares in PhotonStar LED (PSL) are currently roofing it on the back of a “Proposed roll out of Halcyon IoT platform” announcement. Let’s review…

HaloSource – 2016 results, cash crunch AHOY!

Published 774 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…

Strat Aero – “Trading Update”, what’s the real balance sheet picture though?

Published 777 days ago

Strat Aero (AERO) “announces a trading update ahead of its full year results for the year ended 31 December 2016”. Hmmm – it’s already April 2017 though. I’d suggest this doesn’t bode well…

blur Group – CEO Letts & co excel themselves with a leading contender for ‘Ramparoonie RNS of the Year’

Published 804 days ago

Having last month failed to ignite the share price with a ramptastic “blur engaged with Top 100 UK law firm” announcement, blur Group (BLUR) has had much more success today – on the back of a “blur engaged with Global Electronics Group” announcement, the shares currently 200%+ higher at above 20p…

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

Published 830 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 831 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 831 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?...

HaloSource – trading update, still desperate times?

Published 860 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...

Brammer – following trading & financial woe, a recommended offer…

Published 908 days ago

Private equity firm Advent International and distributor of industrial maintenance, repair and overhaul products and services, Brammer (BRAM) “are pleased to announce that they have reached agreement on the terms of a recommended all cash offer… for each Brammer share held 165 pence”

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

Published 913 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…

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

Published 921 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...

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

Published 928 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”

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

Published 951 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…

Audioboom – agreement for investment from China “not yet been reached”, surely not to be cash crunch ahoy AGAIN!

Published 959 days ago

On 5th August Rob Proctor, CEO of spoken word audio platform Audioboom (BOOM), was “pleased to report that Audioboom has made further tangible progress in H1 2016, growing revenue, securing significant new content partners and further broadening its geographic distribution”. However, the financials showed it was cash crunch ahoy. Less than an hour later it was placing ahoy and there is now a “Strategic investment discussions update”

Avanti Communications - new evidence emerges of just how desperate is its cash crunch

Published 971 days ago

Ceteris paribus Avanti Communications (AVN) will be trading whilst insolvent within weeks - its cash will not be sufficient to meet contracted capex and bills payable. That is why it is delaying publishing audited results for the year to June 30th 2016 - no auditor is going to sign off on anything from what is an insolvency waiting to happen. Avanti is trying to hide the awful truth but industry sources are revealing its desperate measures to stay afloat.

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

Published 1007 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…

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

Published 1010 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…

Ten Alps – announced “Loan Agreement” just kicks the can down the road

Published 1074 days ago

Having recently gone in just over two months from being “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” to having “continued to sustain losses in certain parts of its publishing operations… these continued losses are likely to result in the group not being profitable for the year as a whole”, Ten Alps (TAL) has now announced a “Loan Agreement”

Eagle Eye Solutions – CEO reckons “encouraging progress”, the market reckons not…

Published 1074 days ago

In February, with its shares at over 200p, I noted scepticism on Eagle Eye Solutions (EYE) after a heavily spun trading update - see HERE. We now have another trading update and CEO Phill Blundell emphasising “encouraging progress”, though the shares currently down a further more than 10%, to 164p, in response. Hmmm…

Hardide – half-year results dire, cash crunch & thus (explicitly) fundraising ahoy!

Published 1078 days ago

Half-year results (to 31st March 2016) from Hardide plc (HDD), a company which “develops, manufactures and applies advanced technology tungsten-carbide coatings to a wide range of engineering components… Customers include leading companies operating in oil…” Uh oh...

DCD Media – Friday 4:07pm “Business Update”, true 'no-one watching o'clock’ stuff?

Published 1087 days ago

No announcements since 13th November last year from DCD Media (DCD), that is until now… a Friday before a bank holiday weekend 4:07pm “Business Update & Notification of Results”. I’m guessing this ain’t going to be good…

Nature Group – full-year results statement absolutely ludicrous

Published 1088 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…

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

Published 1091 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…

Edenville Energy – spurious “Project Update”, follow the management as it’s placing ahoy!

Published 1097 days ago

“Project Update” from Edenville Energy (EDL); “Preliminary earth works have now commenced at the Mkomolo deposit site”. Hmmm – sounds like the type of announcement before discounted placing ahoy, and looking at the financials here… surprise, surprise!

Stelios says Fastjet profit forecasts fantasy, says cash crisis looming as he calls EGM

Published 1175 days ago

Oh dear. Baby Bear called this one to 0p at Gold & Bears HERE since when shares in Fastjet (FJET) have soared but now the chickens are coming home to roost with Sir Stelios Haji-Ioannou warning that the company has misled investors and is facing a cash crunch.

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

Published 1182 days ago

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

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

Published 1216 days ago

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

Image Scan Holdings – full-year results, still cash crunch ahoy?

Published 1259 days ago

Developer of X-ray products for the security and industrial inspection markets, Image Scan Holdings (IGE), has announced results for its year ended 30th September 2015. Having previously concluded that the positives the company notes looked to need to swiftly impact the bottom line or it will again be cash crunch ahoy!, the following updates…

Quindell and Jonathan Stretton Knowles, or is it Jon, or Stretton-Knowles – curiouser and curiouser: More Quindell Horseshit

Published 1713 days ago

I flagged up HERE the very curious case of Skillwise and Jonathan Stretton Knowles. But doing some digging this becomes all the more mysterious and smelly. It really stinks even by Quindell (QPP) standards.

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