Portmeirion Group – half-year results; argues “positive”, but how so?

Published 13 days ago

Portmeirion, Spode, Wax Lyrical, Royal Worcester and Pimpernel homewares company Portmeirion Group (PMP) emphasises it “pleased to announce a positive trading performance for the first six months of 2017”. Let’s take a look…

Servision - how do you keep lots of idiots in suspense? We'll tell its shareholders on Friday

Published 50 days ago

Worthless AIM listed piece of excrement Servision (SEV) always seems to report its results at the last possible moment to avoid suspension on the casino. In 2016 calendar 2015 numbers (piss poor) arrived on the 30 June deadline day. For 2016 its a slam dunk bet that the numbers (piss poor) will arrive this Friday on deadline day. Why is that? 

EU Supply – framework agreement signed, but valuation merited?

Published 61 days ago

Shares in e-procurement software provider, EU Supply (EUSP) are currently a further more than 17% higher, at 17p, on the back of a “Framework agreement signed” announcement. Hmmm, a framework agreement – so no specific financials then?...

Eckoh – full-year results argue “excellent” future prospects, but what’s already in the valuation?

Published 65 days ago

“Eckoh plc (ECK), the global provider of secure payment products and customer contact solutions, is pleased to announce its final results for the year ended 31 March 2017”. Hmmm, this though follows a profit warning in September

DCD Media – 2016 results argue “measures… will ensure that the business can deliver value”. Will they?

Published 76 days ago

An 11:26am results announcement from tv distribution and production group DCD Media (DCD). Hmmm, why not a standard 7am release? Let’s take a look…

Foxtons – Q1 2017 trading update, still a short?

Published 91 days ago

London estate agency Foxtons (FOXT) has updated on the first quarter of 2017, seeing a significant decline in revenue on the corresponding 2016 period though arguing “performance has been in line with the board's expectations”

Eden Research boasts that the taxpayer is funding promotion of its fraud

Published 97 days ago

AIM Cesspit listed FRAUD Eden Research (EDEN) has two massive problems. One is that with pitiful sales it is rapidly running out of cash and so must get yet another bailout placing away. The second is that it has now been fully exposed as committing a massive panama pump securities fraud HERE. Its response....

BNN Technology – placing “to fund exciting and transformational new developments”. Really?...

Published 125 days ago

Lucian Miers previously warned on BNN Technology (BNN) HERE and will update here in due course. But the following just takes a quick look at the numbers and placing the company has announced today...

Frontera – ShareProphets RNS Translation Service as the shares are ramped

Published 126 days ago

Readers will know that I'm far from convinced at the buy case for AIM-listed Frontera (FRR), shares in which have again been on the rampage after what looks like a rampety-ramp RNS yesterday. The ShareProphets RNS Translation Service thought it should chip in...

Starcom – “pleased to present” 2016 results, shares slump again…

Published 147 days ago

Chairman of tracking, monitoring and protection technology company Starcom (STAR), Michael Rosenberg, is “pleased to present the final audited accounts” for 2016. The shares have currently responded more than 17.5% lower, to 1.75p. Hmmm…

Milestone – Christmas Panto RNS: finally gets October Placing away.…Oh no it doesn’t!

Published 246 days ago

It seems the pantomime season has started early: AIM-listed lifestyler Milestone Group (MSG) has announced that it has raised a keep-the-lights-on placing at just 0.3p, and that of the original October placing which was announced to have brought in £1.385 million, only £60,000 has made it to the coffers. If Nomad Cairn Financial thought that its (currently suspended) client CloudTag (CTAG) was just a rogue case, Milestone begins to make it look more like carelessness.

Image Scan Holdings – full-year results, jam now being delivered?

Published 253 days ago

X-ray imaging for the security and industrial inspection markets-focused Image Scan Holdings (IGE) has announced results for its year ended 30th September 2016 – and the shares are currently slightly higher to 6.5p…

Aeorema Communications – 12:43pm “Trading Update”. Uh-oh…

Published 254 days ago

A 12:43pm “Trading Update” announcement from live events agency Aeorema Communications (AEO). Clearly not scheduled – and thus clearly unlikely to be positive…

Hornby – turnaround progress any smoother than half year results issuance?

Published 265 days ago

Hobby products company, Hornby (HRN) announced results for the six months ended 30th September 2016 at 7am claiming “good progress with turnaround plan”. This didn’t though extend to the announcement itself - as the financial tables weren’t included! A replacement announcement was then made at 09:41 – does the company's turnaround progress look smoother? …

SCANDAL - Milestone Group buries delayed bad news: placing cash not arrived, what about solvency?

Published 279 days ago

Talk about a good day to bury bad news: every media commentator is trying to come to terms with the election of Donald Trump (with the notable exception of our own Tom Winnifrith, who is off to get his new Poll Sheriff’s badge) and so at 3.41pm yesterday AIM-listed Milestone Group (MSG) slipped out a “miscellaneous” RNS. It may have won two big contracts recently but in terms of this RNS, there was nothing miscellaneous about it: this company is in serious trouble.

Filthy Forty Haike Chemical – first out of the traps this week with interims. Red Flags for breakfast?

Published 323 days ago

Well done to ShareProphets AIM-China Filthy Forty play Haike Chemical (HAIK) for being first to stick its head above the parapet this week with the release of its interims to June. One down, nine to go. The PR reads well enough: profitable for the half, lots of cash in the bank. That’s the spin – but what about the Red Flags – such as negative net current assets?

Etaireia – Hooray, it’s the Baron Bloom and Oli Fattal magic show and a crack(l)ing Porkie?

Published 349 days ago

Last night at no-one-is-watching o’clock ISDX-listed Etaireia Investments released its annual numbers to 31 March 2016. The balance sheet held a few horrors, such as net current liabilities of £130,586 which in interesting in the wake of the RNS released on 17 August 2016 which told us that the company had ponied up £50,000 (deferred for a year) in addition to 203,076,923 new shares at 0.065p (although it took two goes for the company to get that bit right) in order to acquire a commercial property.

James Latham plc – strong full-year results, but growth slowing?

Published 418 days ago

Panel and timber distributor, James Latham plc (LTHM) is “pleased to report very good trading results for the financial year to 31 March 2016”, though notes “year on year growth slowed in the second half year”. Let’s take a look…

GCM Resources – Interims: dilution ahoy!

Published 504 days ago

AIM-listed GCM Resources (GCM) has been trying to get permits for a coal mine in Bangladesh for as long as I can remember – and this morning’s interims to Dec 2015 continue the lashings of Hartley’s being promised for tomorrow, or the day after. Or perhaps never. But meanwhile the cash is running out and there is a Going Concern warning to be found. Not surprising, as the balance sheet shows Net Current Assets weighing with a deficit of £416,000 – quite a problem when the market capitalisation is just £2.8 million (source: ADVFN).

Telecom Plus – Top Broker says “Underperform” but misses critical points

Published 547 days ago

Yesterday I wondered why shares in fully listed Telecom Plus (TEP) had been dropping, and turned up a few nuggets in its interim statement and, of greater concern, a new £150 million loan facility on the Companies House website. Were these the cause of the drop since the turn of the year? Well perhaps not, for into my inbox has dropped an “underperform” note from top analysts RBS Capital Markets.

ShareProphets RNS Translation Service: Asian Citrus “Winter Orange Crop” update

Published 606 days ago

ShareProphets AIM-China Filthy Forty play Asian Citrus (ACHL) has had a history of suffering biblical-style plague and misfortune. Maybe insurance is difficult to get, but yesterday saw the latest in the line of disaster updates from this bargepole stock. The RNS was masterful, so we have wheeled out the ShareProphets RNS Translation Service to assist our understanding of this latest catastrophic release. Original is in bold italics.

UPDATED: Pointless PR puffery RNS of the day – NetDimensions: when’s the Placing?

Published 667 days ago

I had to laugh out loud when I read this morning’s RNS Reach from AIM-listed NetDimensions (NETD). It is normally a pretty bad sign when a company announces that it has won some sort of spurious award, but this really takes the biscuit. You see, it is not even NetDimensions that has won it: it is one of its clients!  The update is the figures from the balance sheet - far, far worse than my first reading.


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