Results

Zoo Digital – from November “confident in the prospects” to now “significantly below expectations”. Uh oh…

Published 22 hours ago

I wrote on Zoo Digital (ZOO) in September (“confident in the prospects”, so why the share price slump? HERE), concluding, despite the shares then falling to circa 140p, that; ‘I thus suggest the valuation leaves no room for any disappointment – and remind that great valuations tend to lead to great disappointment if expectations are not met. Indeed, even if strong growth is delivered, since the valuation is so far from what is being financially produced, there is still significant scope for sentiment to see the shares lower. As such, currently a sell / avoid.’ The shares closed yesterday at 115p and today a “Trading Update”

Arena Events – “Trading Update”… & having only listed on AIM in July 2017…

Published 6 days ago

“Trading Update” from “provider of temporary physical structures, seating, ice rinks, furniture and interiors”, Arena Events (ARE) includes in its first paragraph; “The group experienced strong revenue growth across the UK, US and Middle East divisions with the acquisitions contributing as expected”. The shares have though responded to the update… currently more than 30% lower on the day, at around 40p! Hmmm…

Van Elle – first-half “in line with revised expectations”… so why a 25% share price slump?

Published 7 days ago

Last month geotechnical engineering company Van Elle (VANL) emphasised “positive momentum”but I noted I was particularly cautious of the “greater second half weighting” it envisaged. The shares were then just below 80p. Today there’s half-year results including “trading in H1 was in line with revised expectations”… but the shares are currently approximately 25% lower, at around 60p, on the back of the announcement…

Haydale – after yesterday’s selling news, yet another RNS Reach

Published 8 days ago

I see that AIM-listed Haydale (HAYD) has released yet another RNS Reach to tell of an eighteen month supply agreement. The shares have jumped once again, by 12%, But, of course, it is an RNS Reach and thus should be viewed as a marketing, rather than anything significant such as mega-earnings.

Revolution Bars – after weather last time, increased operating costs & economic and political uncertainties this

Published 8 days ago

In June, previously writing on Revolution Bars Group (RBG) I questioned short of expectations in every conceivable weather environment?. Now a Christmas and half-year to 29th December 2018 trading update…

Goals Soccer Centres – own goal as goes from “optimistic” to profit warning in 4 months

Published 9 days ago

In September, previously writing on Goals Soccer Centres (GOAL) I noted it stating “trading in H2 has started well” but also US and financial risk – and concluded to continue to avoid. Now a “Post close trading update” – and the shares currently more than 15% lower on the day, towards 60p…

Quiz plc – Christmas revenue +8.4%... so why an approaching 30% share price decline?

Published 12 days ago

“Christmas Trading Update” from fashion retailer Quiz plc (QUIZ) states revenue “increased by 8.4% in the six-week period from 25 November 2018 to 5 January 2019 against the comparable period last year”, with “the group's UK standalone stores and concessions revenue increased by 1.6%”. The shares have responded, er… approaching 30% lower, towards 25p!...

Carclo – “significantly below” expectations profit warning sees CEO ‘resign’… to then become CEO of the “critical” division!

Published 12 days ago

Previously writing on Carclo (CAR), I noted last summer as the shares headed down towards 90p that I’d want to see at least some consistent financial delivery before having confidence here. Today a “Trading Statement” – and shares in this fine-tolerance, injection-moulded plastic parts manufacturer currently down more than 30% on the back of it, at 55p!...

Brighton Pier Group – gloomy & hard-to-reach PIER follows inedible CAKE for Luke Johnson

Published 13 days ago

“Trading Update” from Brighton Pier Group (PIER) – and the shares currently down around 30%, at circa 45p. Uh oh – after the recent Patisserie Holdings (CAKE) debacle (and with its continuing share suspension), doesn’t look like things are getting any easier for ‘Lucky Luke’ Johnson…

Accrol – “despite… operational improvements and sales price increases”…

Published 15 days ago

In November 2017, I noted on Accrol (ACRL) bailout fundraising… at half of IPO price of only 17 months ago!. That was at 50p per share – but there was still much worse to follow. The shares had recovered from lows to a recent more than 20p – but that was before today a “Trading Update”

Gear4music – having adopted a market share strategy… “capacity limitation” profit warning!

Published 19 days ago

Previously writing on online musical instruments and equipment retailer Gear4music (G4M) in September as the shares slid below 600p, I concluded such a rating demands at least growth as anticipated; not “slower than anticipated” roll-out, “gross margin compromise” and potentially worse – and, even without all that, is still likely highly dependent on a continued bullish stock market. As such, at this juncture, I avoid. The shares are currently sliding below 300p on the back of a “Trading Update”

Xaar – attempted no-one watching “Trading Update”. Uh oh…

Published 26 days ago

Previously writing on industrial inkjet technology company Xaar (XAR) on half-year results in September, I concluded the scale of deterioration, lack of visibility and continued difficult trading see - despite the shares currently sub 200p - me presently continue to avoid. Now a 28th December - i.e. attempted no-one watching o’clock - “Trading Update”. Uh oh…

Haydale: PMDRs selling out, take note!

Published 26 days ago

I have been calling AIM-listed Haydale lower from 78p last June, in the wake of a nasty profit warning. Since then we have had two more, and even the company’s paid-for ramper research company Hardman admits the company needs more cash but Haydale sat on its hands instead of biting the bullet until raising a pitiful £250,00 in a placing at 20p shortly before Christmas and kicked the can down the road with a further £750,000 loan (at 11% interest).

Paragon Entertainment – intra-day (2:15pm) “Trading Update”. Uh oh…

Published 36 days ago

“Paragon Entertainment Limited (AIM: PEL), the attractions design, production and fit-out business, today provides a trading update”. Not ‘is pleased to provide’ and intra-day (2:15pm) – Uh oh…

ASOS – retail misery extends online; “Trading Update” = Trading Shocker!

Published 37 days ago

Online retailer ASOS (ASC) “announces a trading update for the first three months of the financial year”. Uh oh – not ‘pleased to announce’ then?...

Low & Bonar – warns on performance & attempted discounted fundraising ahoy?

Published 40 days ago

Previously writing on ‘specialist performance materials’ company Low & Bonar (LWB), I concluded “the shares have unsurprisingly sunk, currently to circa 40p. However, with present challenges aplenty, I currently retain previous caution – and note this a further reminder to be cautious of ‘greater second half weighting’ – particularly if amidst already clear challenges!” (see I suggested profit warning, it reckoned greater weighting to the second half). Today a further “Trading Update” – with a first bullet point being “tough market and trading conditions largely unchanged during fourth quarter”. Uh oh…

Bonmarche – “extremely poor” sales, though argues “confident in the strategy” & “well prepared to weather the storm”. Really?

Published 41 days ago

“Trading Update” from womenswear retailer Bonmarche notes its “forecast assumed that demand would broadly follow the pattern experienced last year when, during the earlier part of November, customers delayed purchases in anticipation of being able to take advantage of Black Friday discounts. However,”... Uh oh…

Gresham Technologies – serves up a “materially below” profit warning for shareholders… but tweets of a “Wonderful winter wonderland” drinks party!

Published 48 days ago

An update less than two months ago from Gresham Technologies (GHT) concluded “the company is actively engaged on a number of well advanced Clareti opportunities that are expected to contribute to the current financial year, and management therefore remains confident in the full year outlook”. Now a further “Trading Update”. Hmmm…

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

Published 56 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…

Thomas Cook (or should that be 'Crocked'?) has another shocker

Published 57 days ago

The stock market can be a cruel mistress and whilst I am enjoying a celebratory sausage roll due to the strong trading update from Greggs (GRG), Thomas Cook (TCG) has disclosed more local difficulties...with a second profits warning in about two months…

FireAngel – argues “increasing pipeline of opportunities continues to build”… but for now it’s another “materially below” warning!

Published 62 days ago

Previously writing on shares in home safety products company FireAngel Safety Technology (FA.), I noted as they soared to 77.5p on a partnering agreement that the upcoming reality of disappointing results together with even the near-term trading outlook uncertain saw me continue to avoid. Today a “Trading Update” – and the shares currently circa 20% lower on the day of the back of it, towards 35.5p!...

Filthy Forty Walcom – profit warning, defaulting customer still not paying, discussions with lender. Uh-oh…..

Published 62 days ago

Yesterday ShareProphets AIM-China Filthy Forty member (one of only 7 remaining) Walcom (WALG) updated the market on its efforts to get its largest customer to pay its bills. Bad news there, as was the accompanying profit warning, repayments of borrowings, discussions with lender and the final coup de grace: ….the Company may be in a position where it is unable to settle its liabilities as and when they fall due. What’s not to like!

Maintel – argues “business transformation has been encouraging”… so why a current circa 25% share price fall?!

Published 63 days ago

Maintel Holdings (MAI) has updated commencing that; “Maintel's transformation into a cloud and managed services provider has continued in the second half. This month alone the group has seen two large wins on its hosted unified communications platform… representing growth of over 40% versus the prior year. In addition, Maintel is on track to grow its managed services base year on year by around 10%”. Sounds good... You what?... the shares are currently down approaching 25%, below 460p?!...

KCom – profit warning, but is it largely new management trying to create an easier platform?

Published 64 days ago

“Trading Update and Revised Dividend Commitment” announcement from telecommunications and related services group KCom (KCOM). The prospective dividend yield was already 6.5% - so I’m guessing it ain’t being revised upwards…

Haydale – another RNS Reach, no numbers. Desperate stuff

Published 65 days ago

AIM-listed and almost out of cash Haydale (HAYD) has issued yet another RNS Reach, this time to tell us that it has signed an exclusive deal with TKS Siampress Management for an anti-counterfeiting product. Whoopie doo – but there are, predictably, no numbers offered. And an RNS Reach is for news which is, effectively, not material.

Adept4 – “Trading Update” = a late trading warning & even bullshit earnings on steroids can’t help!

Published 68 days ago

“Trading Update” from “provider of IT as a Service”, Adept4 (AD4) sees the shares currently 25% lower, heading towards 1p. Uh oh…

Victoria - update on bond fiasco, remains a sell

Published 71 days ago

It will be interesting to see how Geoff Wilding, Executive Chairman at Victoria plc (VCP), responds to what is his first real hiccup since he took the helm five years ago, growing the company exponentially with a string of acquisitions that have been welcomed by the market and seen himself and his shareholders richly rewarded...

Haydale – paid-for researcher Hardman issues another (suicide) note

Published 71 days ago

As covered here on ShareProphets many times, AIM-listed Haydale (HAYD) is in deep trouble as finally admitted last Friday. I’ve been saying sell all the way down from 78p in June of this year and the shares plunged to just 13.5p on Friday – after the company warned it was short of cash and offered, effectively, yet another profit warning (the third in three months). Last night the shares were 12.25p and Hardman, which ramped the shares after hours in September only to see the shares fall in response the next day, has had another go. It is laughable.

Victoria plc – “outrageous untruths… damaged the value of the shares”?, what about the margin warning & bond issue shambles?

Published 78 days ago

Late last month, Steve noted on Victoria plc (VCP) warns on margins, Lucian’s ‘roll up unravel’ underway?. Since then there’s been “Credit Rating and Response to Speculation”“Credit Rating” and now “Update on Bond” announcements…

Parity Group – from “encouraging sales pipeline… gives us confidence” to profit warning in less than 4 months

Published 82 days ago

In July consultancy services and staffing group Parity (PTY) was emphasising “an encouraging sales pipeline from both existing and new customers, gives us confidence”, in September it was “we are experiencing a short-term client-side delay on one large contract… Without any further delays, we expect a stronger second half, in line with the group's traditional seasonality, and to deliver on current expectations for the year as a whole”. Today a further “Trading Update”

Gama Aviation – from “expectations for the full year remain unchanged” to expects “$3m below” in just 5 weeks!

Published 85 days ago

In June, previously writing on Gama Aviation (GMAA) I questioned is “flat” trading really “broadly satisfactory”? and noted, despite a share price fall to below 200p, I avoided. Today a “Trading Update” - and the shares currently approaching 18% lower, at 125p…

RPS Group – Q3 trading update sees shares slump. Justified?

Published 90 days ago

Half-year results on 2nd August from RPS Group (RPS) saw CEO John Douglas emphasising “we have made good progress in respect of our strategic priorities including the re-organisation of the business that will provide a solid platform for growth”. Today the company reports third quarter adjusted profit below expectations and a warning that profit will be further impacted by “necessary investment in the business”. Uh oh…

Royal Mail is Not Delivering the Same Profits as 2017 and May be Given a Miss

Published 106 days ago

Hello, Share Spinners. With the shops already beginning to stock up Christmassy things (shame!), businesses significantly affected by the Yule spirit will soon begin to bounce up. Or not fall as quickly as they might have done, according to their own unique circumstances. One such company is Royal Mail (RMG).

Impellam – starts with Managed Services “ahead of expectations”… but it’s a profit warning!

Published 118 days ago

A trading statement from staffing and managed services company Impellam (IPEL) commences that “Impellam continues to make good strategic progress. Our Managed Services businesses in the UK and Australia are growing ahead of expectations as is the entire US business, on a like for like currency basis”. Sounds good then. The shares?... Er, currently down approaching 20% at around 500p!...

Moss Bros – half-year results, ‘everybody dressing up or dressing down’?

Published 124 days ago

A (Top) hat tip (sorry!) to Chris Bailey re. mens formalwear retailer Moss Bros (MOSB), with he in March having noted serious corporate shooting yourself in the foot and suggested to look for offers from the company rather than buying the shares. The shares are lower, despite a half-year results announcement which included “early responses to the Autumn/Winter 2018 range across Retail are positive and product availability is good”

Flowtech Fluidpower – “recent trading has remained positive”. Why the share price crash then?

Published 127 days ago

“Specialist full service supplier of technical fluid power products and services”, Flowtech Fluidpower (FLO) updated on trading in July – but the half-year results announcement today is currently accompanied by an approaching 30% share price fall, towards 120p. Hmmm…

Image Scan – ‘strong sales of industrial X-ray inspection systems have continued’, BUT…

Published 131 days ago

I’ve been cautious on X-ray screening systems company Image Scan Holdings (IGE) this year – and note the shares currently leading the fallers today on the back of a “Trading Update”

Velocity Composites – less than 16 months since AIM IPO, warns AGAIN!

Published 141 days ago

Previously writing, in May, on Velocity Composites (VEL) it was less than a year since AIM IPO, it’s another profit warning!. Now a further “Trading Update”

Footasylum – our warnings prove sage as now tripping up badly

Published 142 days ago

Footasylum (FOOT) IPO’d on AIM in November at 164p, with CEO Clare Nesbitt stating we “look forward to delivering the significant potential that we see for Footasylum as a quoted business” and “are delighted that our product-led, multi-channel expansion strategy has resonated so strongly with investors”. I though questioned on competition and disposable income challenges, and concluded that the valuation looked too rich. There then followed deviation from the IPO expectations and now a “Trading Statement” update…

Clarkson Floats Into Higher Waters and the Share Price Could Rise with the Happier Tide

Published 161 days ago

Hello, Share Cuddlers. August is a dead month for the kind of stock market news which causes a share to soar or crash. On the whole, values slowly decay. Not necessarily because companies are in trouble, but because volumes are low. And they're slow not for any interesting reason, but for the prosaic fact that many of the big traders have swapped their screens for a bucket and spade to keep their holidaying kids happy.

Hill & Smith – from ‘reconfirms its expectations’ to profit warning in less than 3 months (& should have been earlier!)

Published 168 days ago

Hill & Smith (HILS) has announced results for the first half of 2018 – and having updated on 17th May, “...project delays and the weather-impacted start to the year in the UK... Since mid-March, the group has experienced improved order intake across its UK road and utilities businesses while continuing to record strong performances in both the US and French operations. The board reconfirms that its expectations for the full year remain unchanged”, the shares are currently circa 20% lower on the day at around 1200p…

Walker Greenbank – from ‘anticipates further improvement in H2’ to “materially short of the board's expectations” in less than a month (and at 4:27pm)!

Published 182 days ago

Yesterday at 4:27pm (i.e. around no-one-watching o’clock), a “Trading Update” announcement from Walker Greenbank (WGB). What were the odds of good news?...

Ebiquity – argues some visibility into faster revenue growth, so why are the shares slumping?

Published 183 days ago

A half-year trading update from marketing and media consultancy, Ebiquity (EBQ) commences; “Whilst first half revenues from the Media (formerly Media Value Measurement) segment and Analytics & Tech (formerly Marketing Performance Optimization) segment grew 7% over the prior year on a like-for-like basis,”... Uh oh…

Be Heard – 15% like for like revenue growth, so why leading the fallers today?

Published 188 days ago

Shares in Be Heard (BHRD) are currently the leading fallers today on the back of a trading update. The digital marketing services group though commences that with revenue up to more than £14 million, including 15% like-for-like growth. So what’s the problem?...

GYG – The Woodford kiss of death must have the banks worried here

Published 194 days ago

I Thought I would follow up on both Steve’s piece and Tom’s Bearcast on yesterday’s debacle at GYG (GYG) as I was disappointed that both my colleagues failed to make the obvious Woodford connection but, more importantly, I wonder if the banks will be taking a close look at this as the 30 June banking covenants must be a tad challenging.

GYG – from confidence “can deliver continued growth” on AIM IPO to trading “significantly weaker than expected” just a year later!

Published 195 days ago

On 5th July 2017 it was “GYG, a market leading superyacht painting, supply and maintenance company, is pleased to announce the commencement… of dealings of its ordinary shares on AIM… Placing price 100p, gross proceeds of the placing £6.9 million… Zeus Capital is acting as the company's nominated adviser and broker”. Now a trading update commencing “trading has been significantly weaker than expected”. Uh oh…

Safestyle UK – having been “pleased” with a legal outcome in May, how’s trading?

Published 196 days ago

In May Safestyle UK (SFE) was “pleased” with an interim legal outcome and the shares bounced above 60p. However, I concluded there remains a raft of uncertainty meaning I wouldn’t want to own the shares - and continue to avoid. Today a trading update

TP ICAP – from an environment “increasingly constructive” & synergies “firmly on track” to profit warning & synergies “reappraised”… in 2 months!

Published 197 days ago

Shares in TP ICAP (TCAP) are currently slumping on the back of a Trading update and directorate changes announcement. This though commences “revenues for the six months to 30 June were 3% higher than the prior year at constant exchange rates and 2% lower as reported. This is consistent with 2018 full year revenue guidance provided in March”. So, what’s the problem?...

Tandem Group – AGM Statement, there’s trading “more challenging” and then there’s…

Published 209 days ago

Writing previously on sports, leisure and mobility equipment group Tandem (TND) in March, I noted I question whether it’s to be profit warning ahoy down the line and was thus cautious. Today an AGM update…

Countrywide – “Capital Structure, Recovery plan & Trading Update” = Confetti Aplenty Ahoy, Changes due to poor trading & Profit Warning

Published 212 days ago

“Capital Structure, Recovery plan & Trading Update” announcement from Countrywide (CWD) – discounted fundraising ahoy to fund changes due to poor trading?...

InnovaDerma – follows March profit warning & Executive Chairman share sales last month with… another profit warning!

Published 218 days ago

Life sciences, beauty and personal care products company InnovaDerma (IDP) has updated on trading for its year ending 30th June – commencing “revenue for the period increased strongly by 23.5% on a constant currency basis to approximately £11m (FY2017: £8.9m). However,”, Uh oh…

Revolution Bars – short of expectations in every conceivable weather environment?

Published 223 days ago

Previously writing just over a year ago on Revolution Bars (RBG) it was on it going from ‘platform to be confident about our prospects’ to profit warning in less than 3 months. Then heading towards 130p, the shares jumped a couple of months later on a 200p per share possible offer approach. However, an offer was voted down by shareholders and the shares have subsequently fallen back towards 150p before a Trading Update today…

Connect Group – “materially” below profit warning… after an outlook “unchanged” just six weeks ago!

Published 224 days ago

Last year, after an April results announcement, Connect Group (CNCT) updated on trading towards the end of July. This year, with a results announcement on 1st May – when it was also announced that “Chief Financial Officer, David Bauernfeind, has decided to step down from his role and the board to pursue a new opportunity”, a further “Trading Update” already. Uh oh…

XLMedia – argues “stable” underlying trading… so why a 30% share price decline?

Published 226 days ago

Trading update from self-styled “a leading provider of digital performance marketing”, XLMedia (XLM) includes “underlying trading in the year to date has been stable with the group actively deciding to focus on higher margin business and ceasing certain lower margin media buying activities”. Hmmm, so why a current approaching 30% share price decline, towards 120p?...

Autins Group – ‘remained confident in our strategy’ in February, but now…

Published 231 days ago

A February AGM statement from automotive acoustic and thermal insulation group Autins (AUTG) included “we delivered strong top line growth in FY2017 and are seeing this continue during FY2018 although still very much re-iterating that we expect a significant second half weighting to results… the board remains confident in our strategy” and on Friday there was a routine Notice of Results announcement. Now an Update on Full Year Expectations and OEM Approvals. Hmmm…

Autins Group – The warning signs were there all along

Published 231 days ago

A couple of pieces from me today to remind investors to heed warning signs, the second of which shows that I am prone to the odd piece of blindness now and again too! First though, I’ll pat myself on the back and take a look at the latest news from Autins Group (AUTG) that I first warned on at the start of last year (HERE).

Pressure Technologies – “several notable successes” & “a strong position”… and then “substantially below” expectations!

Published 237 days ago

A trading update from Pressure Technologies (PRES) commences “the Alternative Energy Division has scored several notable successes since the start of the current financial year, which demonstrates our continued leadership in the biogas upgrading market” and includes “the biogas market offers substantial potential” and “our Manufacturing Divisions continue to have a strong position in the global, safety critical markets they serve… an upturn in the oil and gas market and a well developed position in the defence market”. The shares have responded to the update, er, more than 22% lower, to 144p…

Photo-Me – from Japan photo ID excitement to a profit warning

Published 238 days ago

Results for its year ended 30th April 2016 from Photo-Me (PHTM) noted it growing “deploying machines in Japan in order to respond to the increased demand created by the roll-out of a new photo ID”. The following year’s results noted “adoption by citizens has not been as rapid as the government had anticipated” and a trading update now includes on Japan “a very difficult market due to an oversupply which has put pressure on commissions across the industry”. Uh oh…

MediaZest – 3 deals which were to usher in positive EBITDA closed. BUT…

Published 245 days ago

An update from audio-visual projects company MediaZest (MDZ) commences “as announced at the time of the interim results on 15 December 2017, the group expected to show a positive EBITDA at group level for the first time in respect of the year ended 31 March 2018, subject to the closing of three large deals. All three of those deals have been successfully closed”. Good news then? Er…

Sprue Aegis – with 2017 results including a more than doubled adjusted profit, why another share price slump?

Published 253 days ago

“Highlights” of calendar year 2017 results from Sprue Aegis (SPRP) - proposed to be re-named FireAngel Safety Technology Group - include adjusted profit before tax up to £4.7 million, from a prior year £2.3 million, yet the shares have responded to the results announcement currently more than 25% lower, to below 100p…

Velocity Composites – less than a year since AIM IPO, it’s another profit warning!

Published 266 days ago

In May last year CEO of aerospace industry material kits company Velocity Composites (VEL), Jon Bridges, was “delighted to announce the successful completion of our admission to the London Stock Exchange… look forward to our future as a quoted company with confidence”. That was at an 85p per share IPO price. The shares are currently 55p after a latest “Trading Update”

Ten Lifestyle Group – from IPO emphasising support for its “traction” to profit warning in 5 months!

Published 267 days ago

In November Ten Lifestyle Group (TENG) announced a 134p per share IPO, emphasising “traction our business model and technology platform has generated in our target expansion markets will now be supported by significant investment”. There’s followed in recent months “Ten Wins Contract With Visa”“Ten Wins Contract With American Bank”“Ten Wins First Contract with HSBC” and “Ten Wins Contract With OCBC Bank” announcements. Now a “Trading Update”. Must be good news then…

Gattaca – after a February profit warning, two months later…

Published 279 days ago

Engineering and Technology recruitment company Gattaca (GATC) has announced results for its half year ended 31st January 2018. These follow particularly a trading update on 7th February, so no surprises then… Er, the shares are currently more than 20% lower on the day, at around 150p!…

Solid State – “the success of the organic growth strategy is now in evidence”. Er, is it?!

Published 286 days ago

Trading Statement from manufacturer and distributor of electronics for use in harsh environments, Solid State (SOLI) commences that “the board is pleased to announce that the group profit before tax for the financial year 2017/18 will be in line with market consensus forecast at approximately £3 million. Year on year group revenue is expected to be slightly ahead of expectations at in excess of £45.5 million, close to 15% growth”. Sounds ok – and the shares have responded… er, currently around 25% lower to sub 300p?!?...

Carclo – FY trading and net debt “in line”… but what with?

Published 289 days ago

Injection moulding manufacturing company Carclo (CAR) “confirms that the group's trading for the year ended 31 March 2018 and the level of year-end net debt were in line with its expectations set at the time of the trading update on 15 January 2018”. Sounds ok, though what was that 15th January “trading update” again?...

Looking at another dividend muncher: Centrica

Published 296 days ago

I commented in the aftermath of the big sell off (which was just a correction at the time) that a good many companies had interesting yields. I subsequently bought a bit of BT (BT.A) at around 225p as I suspect at the next results I’ll be bagging a yield of 7% or a little more. Now I want to look for another nice payout: what will it be?

Utilitywise – Woodford-backed dog returns from suspension… along with a profit warning

Published 307 days ago

Previously writing on Utilitywise (UTW) it was as the Woodford-backed dog currently suspended as unable to publish audited accounts, updates. The shares are today trading again after publication at last of results for the company’s year ended 31st July 2017!...

Accrol Group – ANOTHER “materially below” profit warning & worse...

Published 310 days ago

In June 2016 tissue products manufacturer Accrol (ACRL) listed on AIM, raising £63.5 million at 100p per share and was “delighted to have received such a high level of interest from institutional investors… we look forward to implementing our strategy and embarking upon this new stage in Accrol's development together”. I most recently updated at 32.5p, concluding this further tale of AIM IPO shame currently remains on the bargepole list. Today a “Trading Update”. It can’t be still worse, surely?...

Alumasc – profit warning… & what it means for forecasts

Published 315 days ago

Trading Statement announcement from building products group Alumasc (ALU) was noted in Tom’s Bearcast today. What’s the detail and broker forecast response?...

Fulham Shore – an intra-day (3:36pm) “Trading Statement”. Uh oh…

Published 320 days ago

Previously writing on The Real Greek and Franco Manca operator Fulham Shore (FUL) in September it was ANOTHER restaurant group profit warning. Yesterday afternoon (3:36pm) saw a “Trading Statement” announcement from the company. Uh oh…

Renold – another profit warning, house broker right to ‘remain positive’?

Published 320 days ago

Writing on industrial chains and related power transmission products supplier Renold (RNO) in October it was Again “Trading Update” = Profit Warning. Now another “Trading Update” announcement…

Safestyle UK – hopefully prior warnings heeded as it’s “materially below” expectations again

Published 329 days ago

Around eleven months ago, it was suggested to bank profits in windows and doors retailer and manufacturer Safestyle UK (SFE) with the shares around 300p. I then noted my wariness of the valuation in relation to prospective earnings much enhanced at around 290p HERE and further cautioned at 225p HERE, 170p HERE and 164p HERE. The shares closed yesterday at 152p and today a further Trading Update

UP Global Sourcing – despite listing less than a year ago… ANOTHER profit warning!

Published 345 days ago

Trading Update and Notice of Results announcement from consumer goods company UP Global Sourcing (UPGS) including “it should be noted that H1 2017 was an unusually strong period for the group” - this in an update for its half year ended 31st January 2018. Uh oh…

Gattaca – not mentioned with director share sale & then a “Statement re Share Price Movement” 3 weeks ago… but now a profit warning, dividend cut (& CEO resigns)!

Published 349 days ago

On 17th January Gattaca (GATC) noted “the recent share price fall” and responded that there would be a “minimal” impact of Carillion's liquidation on its balance sheet and that a “trading update for the six months ended 31st January will be released 8th February 2018”. However, at 2:30pm yesterday there were Trading Update and Directorate Change announcements. Hmmm…

Is Capita's Share Dive Overdone, Gang? It Might Be the Chance of a Quick Profit

Published 356 days ago

Hello, Share Tweakers. As my wise colleague Gary Newman said last year, it can be a wizard policy to invest in a big company which hits a bad patch. I think the reasoning is that the sell-off is usually overdone and that a big company has the resources and experience to rectify mistakes.

Carpetright – “significantly behind” profit warning & what does it mean for finances?

Published 369 days ago

Carpet and floor coverings retailer, Carpetright (CPR) has updated on trading for the 11 weeks ended 13th January – commencing that “trading in the important post-Christmas period has been significantly behind expectations” and also including “the severity of the decline in footfall over this key trading period and our more cautious view of the outlook for the balance of the year leads to a significant reduction in our full year expectations”. What does this mean in terms of financials?...

Coral Products – from “pleased to announce” on trading in October to a now “materially below” profit warning

Published 372 days ago

Previously writing on Coral Products (CRU) in June, I noted it stating “a much improved performance”, but warned on what happened when it was previously positive and concluded to avoid. At its AGM this October, Executive Chairman Joe Grimmond was “pleased to announce that trading for the group has continued its improvement from the final quarter of last year” and “we expect further sales and margin improvement over the remainder of the current financial period”. There’s now followed a Friday 2:48pm “Trading Update”

McBride – now expects “broadly in line with the prior year”. Why no mention of prior forecasts I wonder!

Published 380 days ago

“Trading Update” from household and personal care products manufacturer McBride (MCB) commences that “the group starts its second half year with Household sales growth prospects significantly ahead of expectations”. Good news then? Er, the shares are currently circa 10% lower heading towards 200p…

Robinson plc – 11:36am “Trading Statement” announcement. Uh Oh

Published 398 days ago

From plastic and paperboard packaging manufacturing company, Robinson (RBN) an intra-day, 11:36am, “Trading Statement” announcement. Uh oh…

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

Published 403 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)…

SDL – following an August profit warning...

Published 404 days ago

“SDL plc (SDL), a leader in global content management and language translation software and services, is providing an update on the trading performance for year ending 31 December 2017. SDL's sales pipeline for the period is in line with expectations. However,”… Uh oh.

Safestyle UK – third profit warning in less than 5 months, though still reckons “modest growth” for 2018. Hmmm…

Published 405 days ago

Previously writing on Safestyle UK (SFE) just over 3 months ago, it was hopefully my warnings were heeded as now a “material” profit warning. Despite slumping to below 170p, I concluded that until there are at least signs of some stability, I’ll certainly continue to avoid. Now a further Trading Update

Idox – further profit warning as a review finds inappropriate revenue recognition

Published 406 days ago

Writing on a “Year End Trading Update” from information management software and services company Idox plc (IDOX) last month, I concluded continuing to lack confidence here, I continue to avoid. Having headed towards 50p, the shares had since been recovering slightly… but are currently heading towards 40p today on the back of a further ‘year end update’…

Maintel Holdings – having “expected” second half of year gross margin recovery…

Published 413 days ago

Half-year results from systems integrator and managed services provider, Maintel (MAI) included “gross margin is expected to recover in the second half of the year following recent contract wins at an improved gross margin percentage”. There’s now a Trading Update from the company commencing that its “ICON cloud services have continued to grow strongly in the second half of 2017”. Sounds encouraging, but what about that margin?

IndigoVision – profit warning update, how’s the broker reacted?

Published 421 days ago

Writing on results for the first half of 2017 from IndigoVision (IND) I concluded that there continued to look value, but that I was wary of the second half reliance and that the profit forecast looked ambitious. There’s now been a “Trading update and Board changes” announcement including “it is now clear that management's expectations will not be achieved and that a full year operating loss will be reported” and that, after 14 years service, “Marcus Kneen has resigned from the board and has ceased to be Chief Executive Officer with immediate effect”. Hmmm…

Universe Group – as warned, profit warning…

Published 422 days ago

Point of sale, payment and on-line loyalty systems developer and supplier Universe Group (UNG) was until recently a constituent of the Nifty Fifty portfolio. However, we concluded a couple of months ago to sell now and bank a small gain at 8p due to fears of a profit warning. Today a “Trading Update”

WYG – I did warn… profit warning (again!)

Published 425 days ago

Previously writing on WYG plc (WYG), I questioned in August further profit disappointment ahoy, concluding with there still looking a lot of hope in the even materially lowered full-year forecast, I continue to avoid. The shares had recovered from a close then of 54p to 67p, but that before a further trading update today…

Mothercare – interims emphasise “progress”, so why are the shares a further more than 16% lower?

Published 426 days ago

A half-year report from Mothercare (MTC) includes “we are on track with our transformation plans for our business, with like-for-like sales in the UK growing 2.5% and gross margins up by 34 bps year on year, in the first half. Across the business, we continue to invest and make progress, developing the Mothercare brand into a digitally led, global specialist”. So why are the shares currently a further more than 16% lower, at circa 70p?...

Jaywing – interims include “substantially below” warning, where was a timely update?

Published 428 days ago

Self-described UK “specialist in data science led digital marketing”, Jaywing (JWNG) has announced results for its half-year ended 30th September 2017 including “since the election was called in the Spring we have seen consumer-led businesses in the UK grapple with difficult trading conditions… their first action has been to cut costs, including marketing costs”. That doesn’t bode well here…

Empresaria – profit warning, legislation changes & macro weakness bite

Published 428 days ago

Previously writing on recruitment group Empresaria (EMR) in the summer, I concluded it one of the more attractive plays in the sector but prevailing uncertainties meant wariness of the industry. A trading update today is headlined “reduced performance in Germany and the Middle East”. Uh oh…

Xaar – prior H2 weighting & confidence evolves into a profit warning

Published 429 days ago

Previously updating on 2017 trading, inkjet technology company Xaar (XAR) stated an “in line” performance though “revenue will be more second half weighted than usual with growth anticipated from recently introduced new products”. A “Trading Statement” now opens with that “the board now expects that revenue in the second half year will be broadly in line with the first half”. Uh oh…

Carillion – follows July’s with another material profit warning, dilution extraordinaire ahoy?

Published 432 days ago

Carillion (CLLN) topped the top shorted London-listed shares at the start of 2017 (recent performance update HERE) and remained so in our Autumn update HERE. Having commenced the year above 235p, the shares had slid below 200p before a July profit warning, business review and Chief Executive “stepped down” announcement. They are currently down from above 40p to below 30p today on the back of an “Update” announcement…

Idox – 3:45pm “Year End Trading Update”. Uh oh…

Published 434 days ago

I previously wrote on information management software and services company Idox plc (IDOX) with the shares above 60p in August, concluding that I’d at least want to see some concrete evidence towards delivering the growth forecast and improving cash flow and balance sheet dynamics before considering this stock as an investment. There’s now been a 3:45pm “Year End Trading Update” announcement. Uh oh…

Escher Group – late-year ‘trading update’ here seemingly means only one thing

Published 435 days ago

A 4th December 2015 “Trading update” from Escher Group (ESCH) was a warning that “the group will not now close additional license sales that it had expected in H2”. There was no late-year update in 2016, but this year there’s now a “Trading Update”. Hmmm...

Quarto Group – another profit warning, discounted fundraising ahoy?

Published 440 days ago

Previously writing on publishing group Quarto (QRT) in August, I concluded that a soft retail environment expected to continue and financial concerns saw me continue to avoid. The shares have recently risen to above 145p, but are now back towards 120p following a “Trading Update” announcement…

Stadium Group – “Trading Update & Notice of Results” = Profit Warning

Published 441 days ago

“Trading Update & Notice of Results” announcement from Stadium Group (SDM) commences that “Significant progress continues to be made in transitioning Stadium from a purely electronic assemblies business to a design-led technology business. The company expects to report a year-on-year increase in revenues of 15% to £61m (2016: £53.1m)”. Sounds pretty good... “Whilst revenue growth and the development of the forward order book are in-line with expectations for the current year,”… Uh oh…

Paragon Entertainment – “Trading Update” = Profit Warning, Broker updates

Published 441 days ago

“Trading Update” announcement yesterday from attractions design, production and fit-out company Paragon Entertainment (PEL) included news of project delays and increased costs – and house broker finnCap (them again) has downgraded forecasts…

Grafenia – interims; balance sheet deterioration & profit warning

Published 442 days ago

Though down from more than 15p in Summer 2016, shares in Grafenia (GRA) have recently risen from 7p in July to more than 10p. However, they are currently heading back towards the latter following the company’s half-year report for the period ended 30th September 2017…

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

Published 443 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”?...

SysGroup – from “supplementing our organic growth” & “substantive market opportunity” to a “significantly below” profit warning… in less than a week!

Published 443 days ago

Last week SysGroup (SYS) was “pleased to announce” an acquisition (of Rockford IT Ltd), with CEO Chris Evans emphasing it “supplementing our organic growth whilst enhancing our services portfolio and providing cross selling opportunities for products and services… We believe that this acquisition enhances our position to capitalise on the substantive market opportunity available”. Sounds promising – and today a “Trading Update” announcement for the six months ended 30th September…

Defenx – “satisfied” with trading less than a month ago… now “materially below” profit warning

Published 455 days ago

Less than a month ago cyber-security software group Defenx (DFX) was “pleased to announce” first half of 2017 results, including that it “is satisfied with year-to-date trading”. Today a “Trading Update” includes expected “financial results for the year to 31 December 2017 being materially below market forecasts and the board currently expects to report a loss for the full year”. Uh oh…

Dialight – “Trading Update” = outsourced manufacturing issues profit warning

Published 457 days ago

Previously writing on Dialight (DIA) with its shares having recovered to above 1100p, I noted that suggested I’d been too cautious on it recently but that I considered the valuation excessive – and to leave precious little margin for error. The shares had since retreated to close last week at 815p – and there’s now a trading update noting “short-term production challenges”

Real Good Food – “Trading Statement”, surely not yet more real bad news?

Published 457 days ago

With its shares already down from 53.5p at the start of last year and 35p at the end of July this, to 26p, there’s now a further “Trading Statement” announcement from Real Good Food (RGD). Surely not yet more real bad news?...

Good News on Telit - the borrow is back. Sell with vigour

Published 460 days ago

I wrote that I would not comment again on the Internet of Things company Telit Communications (TCM) until borrow became available again. The recall of borrow, it will be remembered, along with buying by various parties such as Davide Serra (the self-regarding nincompoop who complained to both the SEC and the FCA about the truth being told about the Quindell fraud in which he was foolish enough to have a sizeable holding), caused the share price to almost double recently. The good news is that borrow is now possible and the shares are unsurprisingly on the slide. They should be sold with vigour.

Interserve – shares falling again today, still a sell

Published 463 days ago

Yesterday revelations on Sky and a company statement made clear that all is not well at Interserve (IRV), for all the positive noises about constructive  discussions with its lenders, Sky revealed that a syndicate of lenders including Royal Bank of Scotland and HSBC had called in Ernst and Young amid fears about the balance sheet. Noting also that the balance sheet is painfully thin, as per its recent interims statement, and the calamitous profit warning last month suggesting that the company had no idea of the eventual magnitude of the provision needed associated with its exit from its energy-from-waste business, as well as questions over current trading and you already have pretty good reasons to get out.

Hornby – no longer offering bulk sales at a discount & profit warning, but would it have been profit warning anyway?

Published 463 days ago

On a 3rd October announcement that Lyndon Davies had agreed to join as CEO, Hornby (HRN) non-executive director and Interim Chairman David Adams was “delighted to welcome Lyndon to the board”, adding “Hornby will continue with its turnaround plan”. There’s today a “Trading Statement and Directorate Change” announcement…

Pressure Technologies – indebted, follows profit warning with a placing… though claims it’s for “a number of benefits”

Published 463 days ago

Engineering group Pressure Technologies (PRES) “is pleased to announce” the result of a bookbuild. This is of a gross £5 million placing at 122p per share. This comparing to a prior closing 126p share price and more than 140p prior to a most recent trading statement at the end of August…

Augean – “Board Changes and Trading Update”; as suggested, it has got worse

Published 464 days ago

Writing on waste management group Augean (AUG) previously in August, I stated harmed by HMRC assessment… and worse to come? Well, there is now a “Board Changes and Trading Update” announcement…

Interserve – oh dear, “in constructive and ongoing discussions with its lenders”

Published 464 days ago

Main market listed Interserve (IRV) has followed up its profit warning of 14 September with a statement today that it is in constructive and ongoing discussions with its lenders. The word constructive may sound positive, but I fancy it is anything but: the 14 September warning said that the Board continues to believe that the group will be able to operate within its banking covenants. Oh, and the CFO stepped down on 30 September 2017, as announced on 30 June – except that it looks like that was after a nudge.

Character Group - a buy despite profit warning

Published 467 days ago

Toys, games and giftware group Character (CCT) has reaffirmed that “underlying pre-tax profits for the year ended 31 August 2017 are projected to meet current market estimates”, but that “at this early stage of the group's new financial year the board consider that, based on the latest sales and market data available to them, the group's performance for the year ending 31 August 2018 is now expected to be significantly below current market estimates”. However, there still looks to remain reasons for optimism...

Renold – again “Trading Update” = Profit Warning

Published 468 days ago

Industrial chains and related power transmission products supplier Renold (RNO) has updated on trading including “the torque transmission division performed in-line with expectations. The Chain division delivered organic growth, but profitability was affected by machine break-downs at our Einbeck facility and by sustained increases in raw material costs”. Uh oh…

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

Published 469 days ago

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

Accrol – another recent AIM IPO disgrace; profit warning, previously undisclosed Health & Safety fine, shares suspended

Published 475 days ago

Having only been “pleased to announce” it had IPO’d on AIM in June last year, today brings a “Trading Update and Temporary Suspension of Trading” announcement from tissue group Accrol (ACRL). Hmmm…

Epwin – a half-year results further profit warning

Published 497 days ago

Epwin Group (EPWN) has announced results for the first half of 2017 emphasising as a first highlight “sound performance in challenging market conditions”. The shares have responded, er, currently approaching 4% lower to circa 70p…

Safestyle UK – hopefully my warnings were heeded as now a “material” profit warning

Published 502 days ago

Hopefully my warnings were heeded – on the previous update on trading from Safestyle UK (SFE) I concluded the announcement and continuing outlook saw me continue to remain bearish. Now there’s a further “Trading Update” including “we now expect full year 2017 group revenues to be flat year on year. At the same time, our efforts to drive order intake are incurring additional costs, thereby adversely affecting the group's margin performance, and leading to a material impact on full year profits”. Uh oh…

Havelock Europa – “considerably below” profit warning, a further reminder to be extremely cautious of ‘expected second half weighting’

Published 503 days ago

Having previously, in June, stated it “more than usually so… expect 2017 performance to be significantly weighted towards the second half” though also attempted to reassure that “whilst activity in the Public Sector is expected to be below last year's levels, this will be balanced by a better than expected demand from Retail and Lifestyle and Corporate Services clients”, there is now from interiors company Havelock Europa (HVE) a further “Trading Statement”. How’s that expected more so than usual second half weighting working out?...

Fulham Shore – ANOTHER restaurant group profit warning

Published 504 days ago

It of late seems to have been particularly difficult times for restaurant groups and I today note an “AGM Statement and trading update” announcement from Franco Manca (40 sites) and The Real Greek (15 sites) group, Fulham Shore (FUL)...

Blancco Technology – following April cash warning & July receivables warning, what now?!

Published 506 days ago

On the back of a “Q3 Trading Update, Cash Flow Review and Funding” announcement in April, I warned on shares in Blancco Technology (BLTG), updating in July – with they slipping below 120p – that I retained a lack of confidence in what is going on here and thus also a stance of bargepole/sell. There’s now a “Updates on revenue and management announcement, seeing the shares slump well below 100p…

Reach4Entertainment - 1:52pm Trading Update disappointment. BUT…

Published 508 days ago

Seeing a 1:52pm “Trading Update” announcement didn’t inspire confidence and indeed the announcement from media and entertainment-focused Reach4Entertainment (R4E) includes “the directors anticipate that EBITDA for the 12 months to 31 December 2017 will be below market expectations”. HOWEVER…

Pressure Technologies – a year later, another profit warning

Published 509 days ago

A year ago, writing on engineering company Pressure Technologies (PRES) I noted “Update on Recent Trading” = Another Profit Warning and concluded to avoid at 140p. The shares have recently been around that level, but are currently sliding on the back of a “Trading Update”

HSS Hire – half-year results, why are the shares slumping on the announcement after an update last month?

Published 511 days ago

With the company having updated in early July on its performance to 1st July, I note shares in HSS Hire (HSS) amongst today’s biggest fallers – on the back of a results announcement for its half year to… 1st July!...

Buying Phones In Person May Help Ring the Bell for Dixon Carphone's Bashed Share Price

Published 512 days ago

Hello, Share Scratchers. There is often a bit of money to be made out of buying a share which has recently had a nasty accident. The selling, sometimes moved by mindless computer programmes, can be nervously overdone. This might be the case with Dixons Carphone (DC.) whose shares fell by a third at one stage after the well-known outfit issued a recent profit warning.

WYG – profit disappointment from multiple angles, but argues “a sound platform”. Really?

Published 516 days ago

“Trading Update” announcement from WYG plc (WYG) commences that “the board continues to expect revenue for the current year to exceed £160m representing continuing year-on-year growth in line with market expectations. However, for the reasons explained below, the board has revised its expectation of near term operating performance”… Not upwards I’m guessing!…

Provident Financial – calamitous “Trading Statement”, shares plunge, another nightmare for Neil Woodford

Published 519 days ago

Earlier this month in Neil Woodford - how long before The Deadwood Press admits that he does not walk on water?, Tom noted a bad record – recently including Provident Financial (PFG). The Mail on Sunday had written “the FTSE 250 doorstep lender whose profits halved after it struggled to move to a new operating model” - the struggles have got considerably worse…

Epwin – a trading update from the same stable as Entu. TIMBERRRRR…

Published 525 days ago

From the same stable as Entu (DISGRACEFUL: having only IPO’d on AIM in October 2014, now “all of the proposals received attribute little value to the equity”), a “Half Year Trading Update and Notice of Results” announcement from Epwin Group (EPWN)…

Laura Ashley – a 1:30pm “Notice of Results & Trading Update”. Routine, right? Er…

Published 525 days ago

A 1:30pm “Notice of Results & Trading Update” announcement from Laura Ashley (ALY). With the time of it and “Notice of Results” stated first, surely just a routine announcement? Right?...

Oooo Err MRS – “Trading Update” from Management Resource Solutions at 08:19. Uh oh…

Published 526 days ago

Previously described as an A-grade howler HERE, there is now a strange-time “Trading Update” announcement from Management Resource Solutions (MRS). Strangely timed such announcements are very seldom good news and, combined with the track record here, I’m guessing there’s only one scenario…

Tasty – “trading across the estate below management's revised expectations”. Uh oh…

Published 532 days ago

March-announced 2016 results from restaurant group Tasty (TAST) included that “the directors believe the group's core 'Wildwood' brand remains attractive to customers”, but that “trading since year has proved challenging and the directors are now expecting headline operating profit for 2017 to be below that achieved in 2016”. Hopefully the warning was heeded as the shares are currently further lower on the back of a “Trading Statement” announcement…

Real Good Food – real bad news & disclosure. A real disgrace

Published 540 days ago

“Company Update” announcement from Real Good Food (RGD). Sounds routine enough. You what? It commences “The company announces that during the audit process of its full year accounts for the year ended 31 March 2017, two substantial anticipated claims regarding its sugar purchase arrangements have not yet materialised with the effect that it will not meet its previously forecasted profit figures. In addition”

Utilitywise – early adoption accounting change announcement coincides with profit warning which wouldn’t have been!

Published 541 days ago

Previously writing on Utilitywise (UTW) it was a case of it having been wise to red flag, as (Utility)unwise energy consumption projections see the shares crash. I concluded ‘is there anything else to emerge from the changes required to ‘increase transparency’? The visibility here sees me continue to avoid’. The shares are today further lower on “Early Adoption of IFRS 15” and “Trading update” announcements…

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

Published 545 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…

Quarto – profit warning, so tries to emphasise “transitional year”

Published 565 days ago

Quarto (QRT) has announced a sale of its Books & Gifts Direct New Zealand business – this following a profit warning earlier in the week…

GAME Digital – hopefully prior warnings heeded, “substantially below” profit warning...

Published 572 days ago

Having previously, early this year, concluded on GAME Digital (GMD) it early days in the ‘diversification’ and I continue to consider it far from certain that there is a sustainable proposition here; avoid/sell, I note a “Trading Update” announcement from the company today...

DFS – profit warning, but reckons growth expectations for next year are still “realistic”. Hmmm…

Published 587 days ago

“Trading Update” announcement from DFS Furniture (DFS) includes that “we believe our expectations for the next financial year are realistic”. The shares are though currently more than 20% lower at around 200p, with the announcement also updating that “the trading environment has however recently weakened beyond our expectation, with significant declines in store footfall leading to a material reduction in customer orders”. Uh oh…

Comptoir Group – less than a year after IPO on AIM… a profit warning…

Published 597 days ago

A 10:15am “Trading Update” announcement from restaurant group Comptoir (COM), which IPO’d at 50p per share on AIM less than a year ago. An unusual time for a trading update + a restaurant group, with all the pressures facing that sector currently = I think I can guess much of how the announcement is going to go…

Dillistone – profit warning, dividend cut, fundraising needed, but reckons a-ok due to unidentified new product!

Published 597 days ago

“Trading & New Product Update” announcement from recruitment industry software group Dillistone (DSG) commences that, having previously noted some market softness, “as we have moved further into the year, we have seen some improvement in terms of the volume of new business wins and are pleased to have taken a number of clients from our direct competitors”. Sounds encouraging, but what? The shares currently down 15% (at sub 72p)! Better read on…

Aeorema Communications – 1:01pm “Trading Update” announcement. Uh oh…

Published 610 days ago

Aeorema Communications (AEO) has followed a 12:43pm profit warning ah sorry, “Trading Update” announcement, in December with a 1:01pm “Trading Update” announcement today. I’ll give you whatever odds you want on this being good news…

Revolution Bars – from ‘platform to be confident about our prospects’ to profit warning in less than 3 months

Published 614 days ago

“Trading Update” announcement from Revolution Bars (RBG). With the shares having been falling from above 210p earlier this week, what the chances that it is positive news?...

K3 Business Technology – another profit warning, faith lost. Sell.

Published 615 days ago

K3 Business Technology (KBT) has updated that it “now believes that the results for the year to 30 June 2017 will be significantly below current market expectations” as “certain large Enterprise contracts have not been secured as expected”...

Plexus Holdings – another warning as conditions remain “challenging”

Published 617 days ago

“Trading Update” announcement from Plexus Holdings (POS) includes early that “although Plexus continues to pursue a number of specific opportunities in the North Sea and overseas, where discussions are progressing well, some of these are taking longer than anticipated to conclude” and that “a number of encouraging new contracts are currently being negotiated and are now likely to be concluded early in the next financial year, to June 2018”. Uh oh…

Eckoh – “comfortably in line with market expectations”... but what about September’s profit warning?

Published 625 days ago

“Eckoh plc (ECK), the global provider of secure payment products and customer contact solutions, today issues a trading update for the year ended 31 March 2017. The board of the company confirms that trading for the year ended 31 March 2017 was comfortably in line with market expectations”. Hmmm, what about the September announcement that “it is expected that the company's pre-tax profits for the year to 31 March 2017 will be below market expectations and is expected to be in line with the performance last year” though?...

Next - profit warning ahoy #2

Published 629 days ago

The seasons may have evolved a little but the message from FTSE-100 clothing behemoth Next (NXT) is basically unchanged. Life is still tough in a market where, in its words, ‘the UK consumer environment remains challenging’...

Gattaca – from confident of profit “in line” to 10-15% below expectations in 10 weeks

Published 650 days ago

Engineering and technology recruitment company, Gattaca (GATC) has updated that “the board has reviewed its outlook for the remainder of the year to 31 July 2017 and now believes that profits for the year will be approximately 10-15% below its prior expectations”. Uh oh…

Grafenia – updates on “strong” print revenues & results “in line”, so why are the shares still depressed?

Published 652 days ago

Grafenia (GRA) has updated that “revenues from print in March were strong, significantly ahead of both our internal budget and the same period last year” and that “the board expects full year results to be in line with revised market expectations for revenue, EBITDA and net cash” - yet the shares presently remain at a depressed 6.5p. Why?...

Steve Moore Sell tip of the year, Sabien Technology - TIMBERRRRR…

Published 665 days ago

Noting the balance sheet in conjunction with its trading, towards the end of 2016 I put forward Sabien Technology (SNT) as a sell tip for 2017 at 3p – questioning at what price another attempted bailout fundraising so soon after the previous one? We now have the answer…

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

Published 670 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

WYG – from “good forward visibility” in December to now a profit warning from the 2016 AIM Awards ‘Best Investor Communication’ winner!

Published 671 days ago

“Trading Update” announcement from WYG plc (WYG). Should be ok as the company’s December half-year report emphasised “a sound platform from which to deliver a full year performance in line with current market expectations”, with “good forward visibility” (as well as noting its “winning the Association for Consultancy and Engineering's Best UK Business Performance Award for a large firm and the AIM Awards Best Investor Communication Award”). Er, what? The shares currently down approaching 20%, at just over 100p?!?...

Van Elle – profit warning less than 5 months after AIM IPO!

Published 672 days ago

Well that didn’t take long; 26th October 2016: “Van Elle (VANL), the geotechnical contractor offering a wide range of ground engineering techniques and services to customers in a variety of UK construction end markets, is pleased to announce the admission to trading on the AIM market”22nd March 2017: trading update including “delay and deferral of contracts”

Ilika – CEO argues “growing confidence in our licensing model”, but in reality it’s forecasts slashed

Published 677 days ago

Self-described “pioneer in materials innovation and solid-state battery technology”, Ilika (IKA) has followed recent “Toyota Funds Collaboration with Ilika” and “Collaboration with Galvani Bioelectronics” announcements with a “Trading update” commencing with that such deals “are resulting in a strong ramp-up of revenue relative to 2015/16”. Good, good… You what? The shares currently down circa 15%, approaching 40p?!?...

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

Published 678 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?!?...

Mobile Streams – emphasises “delighted” with India growth… but overall it’s a “materially lower” profit warning!

Published 679 days ago

Trading Statement” announcement from mobile games company Mobile Streams (MOS) sees the shares currently more than 10% lower, heading towards 3p. Uh oh…

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

Published 691 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…

BATM – March 2017 announcement of “delay in revenue” (& profit warning) for 2016!?!...

Published 691 days ago

Earlier this week, BATM Advanced Communications (BVC) announced “an update on trading for the year ended 31 December 2016”. This includes notice of “certain expected revenue streams falling outside of the period”. And this hasn’t been announced until March 2017?!?...

Grafenia – as cautioned, another profit warning was ahoy…

Published 701 days ago

“Trading update” announcement from Grafenia (GRA) commences that “in our update to the market on 8th November 2016, we highlighted the inconsistent nature of transactional print volumes and this has continued”. Uh oh – that announcement saw me note profit warning ahoy!...

Hayward Tyler – second half weighting, though not ‘as expected’…

Published 702 days ago

An update from engineering group Hayward Tyler (HAYT) commences that, “as expected”, there is proving to be a second half weighting “with aggregate order intake of £24.3 million secured in the four months to 31 January 2017… and a significant increase in the order book to £52.2 million”. Sounds promising… but what? “The board now anticipates reporting lower revenue for the financial year ending 31 March 2017”?!?...

Brave Bison – How long has it been sitting on price-sensitive information? Shocking!

Published 704 days ago

Steve Moore touched on Brave Bison’s (BBSN) disappointing profit warning yesterday (HERE) but I feel he could have said more as the timing of yesterday’s announcement is shoddy and needs further investigation as does some of the other recent announcements.

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

Published 705 days ago

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

SimiGon – profit warning, but reckons all good going forward. Hmmm…

Published 706 days ago

“Trading Statement” announcement from simulation technology company SimiGon (SIM) includes that “the company remains optimistic in its outlook and confident in its existing forecasts for the current financial year” and “great revenue and profit visibility for 2017 and beyond”. So why are the shares currently sliding back below 20p?...

Cobham – there was worse to come, much worse…

Published 706 days ago

Reviewing last month from Cobham (COB) ANOTHER profit warning I concluded, with the shares at 140p, that there could be worse to come and that it was a bargepole stock. Now, on the back of a further update, the shares are currently heading towards 100p…

Entu – trading update states ‘in line’, so why are the shares approaching 9% lower?

Published 715 days ago

“Trading Update” announcement from Entu (ENTU) opens with that adjusted EBITDA “is expected to be within the range previously announced” and that exceptional costs relating to planned cost-saving processes are also expected to be “in line with management's previous expectations”. So why are the shares currently approaching 9% lower, towards 23p?...

DX Group – another profit warning, from 100p IPO to sub 10p in less than 3 years…

Published 715 days ago

I previously cautioned on parcels, mail and logistics group DX (DX.) with the shares at 30p HERE and 16p HERE. Hopefully the warnings were heeded as a “Trading update” announcement currently sees the shares 60% lower, heading towards 7p…

Pebble Beach Systems (formerly Vislink) – change of name announced Friday, now profit warning ahoy!

Published 716 days ago

Friday 3rd February 2017: “Vislink confirms that it has changed its registered name to Pebble Beach Systems Group plc” (PEB). Monday 6th February 2017: “The company informs shareholders that the results for FY2016 are expected to be materially below the board's previous expectations”. Well, that didn’t take long!...

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

Published 720 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)…

PhotonStar LED – loss warning, product modifications needed & cash crunch ahoy as CEO claims “good progress”!?!

Published 723 days ago

“James McKenzie, Chief Executive of PhotonStar (PSL), said: ‘In 2016, we made good progress in transitioning the group into becoming a retrofit connected lighting and building management business’”. Good, good. You what? The shares currently more than 15% lower, at sub 1p, in response to the announcement…

Kalibrate Technologies – profit warning from leading 'bullshit earnings' exponent

Published 729 days ago

Shares in provider of bullshit earnings (Oops sorry, “provider of strategy and technology services to the global fuel and convenience retail industry”), Kalibrate Technologies (KLBT) are currently more than 18% lower, at 57.5p, on the back of a “Trading Update” announcement. Profit warning AHOY!...

Murgitroyd – profit warning sees shares slump, but is there now value on offer?

Published 729 days ago

Intellectual Property advisory group Murgitroyd (MUR) has issued a “Trading Statement” including that “the outcome for the full year will fall short of market forecasts, and likely see reduced full-year 2017 earnings”. Uh-oh...

Braemar Shipping Services – follows August’s profit warning, with another…

Published 730 days ago

Previously writing on Braemar Shipping Services (BMS), I suggested that holding, at the then 370p, was only for the very brave or very patient and that I’d avoid. Hopefully that was heeded as another “Trading Update” announcement today is another profit warning – and sees the shares currently down towards 250p…

St Ives – following April last year’s, another “materially below” expectations profit warning…

Published 734 days ago

Shares in marketing services group St Ives (SIV) are currently circa 37% lower, at around 80p, on the back of a “Trading Statement” announcement. Profit warning ahoy then!…

Robinson plc – ‘slight’ profit warning, so why are the shares up?

Published 740 days ago

A trading update from Robinson plc (RBN) includes that “the directors anticipate trading profits for 2016 will be slightly below market expectations”. So why are the shares approaching 10% higher?...

Foxtons – full-year trading update, sales trend dire…

Published 742 days ago

Already down to sub 100p having commenced 2016 at 188p, has a full-year trading update helped shares in London estate agency Foxtons (FOXT) recover somewhat? Er, nope…

Cobham – ANOTHER profit warning, though still worse to come?

Published 742 days ago

Aerospace and defence group Cobham (COB) has released a “Post-close Trading Update”, with the shares currently around 15% lower, at 140p, in response. Uh-oh…

SpaceandPeople – as warned, profit warning ahoy!

Published 744 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…

Next! Profit warning ahoy…

Published 749 days ago

I cannot remember the last time I set foot in a Next (NXT) shop, but then I am not really much of a shopper. It seems I am not alone as in a trading update today Next mused that in the year up to and including Christmas Eve full price sales were down -1.1% on last year.

ShareProphets Share Tips of the year 2017 number 10: Steve Moore says Buy Interquest

Published 757 days ago

Following another profit warning recently, InterQuest (ITQ) has been a disastrous tip for 2016 from myself (though, thankfully, outweighed by my other one, Avesco Group, delivering a more than 180% return). But the current 36p offer price for the shares looks to me much too harsh an appraisal…

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

Published 761 days ago

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

Pittards – not a wonderful time of the year here AGAIN, profit warning…

Published 763 days ago

This does not seem to be a wonderful time of the year for leather goods producer Pittards (PTD). In 2014, there was shocking news it didn’t tell of, last year a 23rd December “materially below” expectations profit warning and this year we now have a “Situation in Ethiopia and Trading Update” announcement. As you may have guessed, it ain't good...

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

Published 770 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 771 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?!? …

Iofina - when is a (lack of) profits warning not a profits warning?

Published 771 days ago

When it is described as a "corporate update". That is how Iofina's (IOF) prize piece of excrement PR person Dominic Barretto headlined yesterday's profits warning. It looked so tame why bother reading? But it was a warning and Barretto being a total wanker deliberately did not add in any hard numbers. You see he views investors with contempt. His job is to polish a turd not to inform. And boy is Iofina a turd.

Molins – seeks to emphasise “positive” recent order intake, but for this year it’s another profit warning

Published 772 days ago

After August “Half-year Report” announcement = Profit Warning from Molins (MLIN), we now have a “Trading update” announcement which is a further profit warning – seeing the shares down from my bargepole conclusion at 53.5p to a current sub 50p…

Interquest another warning and another company chat

Published 779 days ago

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

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

Published 779 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…

Mirada – profit warning, how’s “not currently expected to require further equity fundraising” looking now?

Published 779 days ago

Previously writing on digital technology company Mirada (MIRA) I concluded that the track record saw me continue to avoid with the shares at 4.25p. I now update with the shares, on the back of a “Trading Update” announcement, currently 33% lower today, at 2.75p...

Zamano – attempted ‘no one watching o’clock’ “business update”. Uh-oh…

Published 788 days ago

Uh-oh. A Friday, 3:39pm “Business Update & Strategy/Board Changes” announcement. I’ll give you whatever odds you want on this being good news from mobile messaging, marketing and payments company Zamano (ZMNO)… It ain’t…

SIG – profit warning & ‘mutually agreed’ that CEO walks the plank…

Published 803 days ago

On the back of “Trading Update” and “Directorate Change” announcements, shares in building products distributor, SIG plc (SHI) are currently more than 20% lower, heading towards 90p. Uh-oh…

OneView – following swift about-turn profit warning, now attempted bailout fundraising ahoy!

Published 803 days ago

I warned shares in OneView (ONEV) were for the bargepole list as they slumped last month after the company went from “remains confident” to “likely to be below market expectations” in 6 weeks. They had subsequently recovered somewhat, but that before a Thursday 10:32am “Trading Update and Notice of Results” announcement…

Devro – Trading Update includes 2016 expectations “unchanged”, so why 20%+ share price decline?

Published 804 days ago

Devro (DVO) has made a “Trading Update” announcement, including “the board's full year expectations for underlying operating profit remain unchanged”. However, the shares are currently more than 20% lower, at sub 180p…

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

Published 807 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 811 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”

Biome Technologies – further update post “significant” June profit warning, recovering or not?

Published 812 days ago

Having commenced June at 177.5p, shares in bioplastics and advanced radio frequency systems technologies company Biome (BIOM) slumped towards 80p in early July on the back of a “significantly behind current market expectations” Trading Update announcement. The shares have recovered somewhat to commence this month at above 110p – though we now have another “Trading Update” announcement…

Michelmersh Brick – reckons fundamentals “strong”, but it’s a profit warning…

Published 824 days ago

“We are Michelmersh Brick Holdings plc (MBH): we are ‘Britain's Brick Specialist’”. You are Michelmersh Brick Holdings plc, you’ve just issued a profit warning…

RTC Group – having “successfully navigated… period of market anxiety leading up to the EU referendum”, a profit warning…

Published 824 days ago

Having in August stated that its engineering and technical recruitment consultancy ATA “has successfully navigated through the period of market anxiety leading up to the EU referendum”, RTC Group (RTC) has now announced its short-term performance has been impacted by delays in the commencement of infrastructure projects…

OneView Group – from “remains confident” to “likely to be below market expectations” in 6 weeks! …

Published 826 days ago

“Winning its first hosted customer in the UK was a pivotal event for OneView (ONEV) in the first half of the year, creating an important new recurring revenue stream… The company continues to see strong interest in its software and is confident that the current pipeline will deliver growth in the future”. Sounds encouraging, but what? The shares currently down circa 30% to sub 4p? …

LightwaveRF – “pleased to announce”… an uber-expensive loan (& trading warning)…

Published 830 days ago

LightwaveRF (LWRF), “enabling domestic and commercial users to remotely monitor and control light, heat, power and security by smartphone, tablet or PC… is pleased to announce that it has entered into an agreement with its principal shareholder, Committed Capital Financial Services Limited for a loan of £150,000”. Uh oh – sounds like ‘keep the lights on’ stuff…

Zamano – mobile network operator changes, again TIMBERRR!

Published 845 days ago

Having earlier this year gone from “positive performance in revenue & profit” to group contribution margins “lower”, Zamano (ZMNO) stated in late August half-year results “we anticipate an improvement in operating performance during H2 2016 thanks to H1 advertising spend and continuing strong UK sales performance”. Now, it's updated that this anticipated improvement “will not be achieved”. And there’s worse...

Alternative Networks – offers only vague near year-end profit warning attributed to EU referendum of more than 3 months ago! ...

Published 848 days ago

UK business IT and communications service provider, Alternative Networks (AN.) has made a “Trading Update” announcement including under a first bullet point “some project completions will be delayed beyond the year end”. Uh-oh…

Filthy 40 Origo Partners: "Notice of Results" = profit warning

Published 852 days ago

ShareProphets AIM-China Filthy Forty play Origo Partners (OPP) issued a notice of results RNS on Wednesday, telling us that its interims to June 2016 will be released on reporting deadline day of Sept 30th. But the statement also had a massaging down of expectations slipped into it. Oh, alright, let’s call it a profit warning – but how bad?

Bonmarche – profit warning, performing poorly in all weather...

Published 854 days ago

Womens value retailer Bonmarche (BON) has announced it has followed a “generally poor summer season” with “extremely poor” trading in September – stated to be “largely as a consequence of the unseasonably hot weather which has not favoured sales of our new autumn ranges”. Hmmm…

Majestic Wine – review of a far from majestic “Trading Update”

Published 854 days ago

Specialist wine seller Majestic (WINE) has announced, despite its retail operations “trading on track”, Naked Wines UK and Australia performing “on plan” and “a return to growth for Lay & Wheeler”, that “EBIT for the current financial year ending 3 April 2017 is expected to fall below current market expectations”. Uh-oh…

Judges Scientific – interims show earnings down & suggest more such woe to come

Published 855 days ago

Half-year results from scientific instruments company Judges Scientific (JDG) include Chairman Alex Hambro “pleased to be able to report, for the eleventh consecutive year, record revenues and dividends”. The shares are currently more than 9% lower, at sub 1300p, in response. Hmmm…

Intercede – from “well positioned for future growth” to trading “below expectations” in just over 3 months…

Published 859 days ago

Intercede (IGP), a software and service company specialising in jargon to describe what it does (sorry, specialising in “identity, credential management and secure mobility”) has announced it “has had a slow start to the current financial year and is continuing to experience delays in the receipt of anticipated MyID license orders from both new and existing customers”. Uh-oh…

Crawshaw – following a more than 8% share price fall yesterday, a profit warning today! …

Published 860 days ago

“Trading update” announcement from fresh meat and food-to-go retailer Crawshaw (CRAW) includes in the first paragraph “suppressed footfall patterns caused by a combination of the international football, adverse weather and Brexit… persisted”. Uh-oh…

Sepura – less than 2 months after bail-out fundraising, a profit warning extraordinaire!

Published 861 days ago

After 4th April 2016, “adjusted EBITDA lower than expectations… possibility of covenant breaches”27th April; “short term cash constraints… ongoing discussions with stakeholders regarding liquidity and capital structure” and 27th June “management actions taken to revise business model - impacting FY17 financial performance”, a now 12pm “Trading update” announcement from Sepura (SEPU). Uh-oh…

Eck-oh no! – profit warning from Eckoh, hopefully my previous warning heeded…

Published 873 days ago

Previously writing on Eckoh (ECK), with the shares above 40p just over a year ago, I warned that a Benjamin Graham ‘Margin of safety’ – “available for absorbing the effect of miscalculations or worse than average luck” e.g. an earnings miss or negative change in stock market sentiment – looked to continue to not really exist here. Hopefully this warning was heeded as the shares are currently more than 27.5% lower today, at 35.5p, on the back of a “below market expectations” ‘Trading Update’ (i.e. profit warning) announcement…

Filthy 40 Asian Citrus moves into property. How much cash is left?

Published 874 days ago

My thanks go to Cynical Bear for spotting the latest missive from the ShareProphets AIM-China Filthy Forty purveyor of biblical plagues, Asian Citrus (ACHL). Having seen a pretty complete disaster unfold over the last few years, the company has decided to make a move into the property game in order to broaden the sources of income and to boost the business performance of the group. Call me a cynic: given the history of natural disasters, plague, locusts and invasions by Martians, how long will it be before the buildings in question are found to be suffering from concrete cancer?

Braemar Shipping Services – “Trading Update”, results “will be materially lower than 2016”. Uh-oh…

Published 876 days ago

“Braemar Shipping Services plc (BMS) provides the following trading update, further to our AGM Trading Update on 30 June 2016”. Not ‘pleased to provide’, just “provides”, Uh-oh...

Pressure Technologies – “Update on Recent Trading” = Another Profit Warning…

Published 876 days ago

Having initially warned of further downside risk with the shares at 166p HERE, I note shares in Pressure Technologies (PRES) are currently more than 11% lower today, at 140p, on the back of an “Update on Recent Trading”

Filthy Forty – Univision prepares for court where there is only ever one winner

Published 879 days ago

The last time we covered ShareProphets AIM-China Filthy Forty play Univision Engineering (UVEL) is was in the wake of a profit warning regarding the trading performance of a unit it owned 52.25% of and was trying to sell. But there was also the threat of m’learned friends taking a slice as the jilted bride involved in the sale of a tranche of the company rattled the sabre. On Wednesday came this:

Molins – “Half-year Report” announcement = Profit Warning…

Published 882 days ago

Half year results from Molins (MLIN) – the company's first stated “Key point”“Results in line with management expectations”. Good, good. Final such point: “the board is taking a more cautious view of the short-term trading outlook and has revised downwards its trading expectations for the current year”. Uh-oh...

21st Century Technology – you were warned & it’s now profit warning ahoy

Published 887 days ago

Unlike its previous “Trading Update” announcement, it’s not ‘no one watching o’clock’ this time - but it is the same end result for shares in 21st Century Technology (C21); they're crashing...

Card Factory – “as convinced as ever of the strong growth prospects”, but recent performance “lower than our normal levels”. Hmmm…

Published 895 days ago

A trading update for the six months ended 31st July 2016 from Card Factory (CARD) notes “we remain as convinced as ever of the strong growth prospects for the business”, though describes a trading performance “lower than our normal levels”. Hmmm...

Grafenia – review as shares crash back having soared in Q2

Published 896 days ago

I previously wrote on Grafenia plc (GRA) on the back of a February profit warning – noting that I hope readers heeded my previous calls to sell or avoid at much higher prices than the then 8.5p and, whilst wishing new CEO Peter Gunning the best of luck, I retained that stance on the shares - see HERE. They subsequently recovered to more than 16p, but are now back at 9.5p following a recent AGM Statement...

Utilitywise – wariness vindicated as company updates on “weaker overall performance than we would have liked”

Published 898 days ago

“Utilitywise (UTW), the leading independent utility cost management consultancy, today provides an update on trading for the year ended 31 July 2016. The group expects to report significant revenue growth in the period with revenues of at least £82m (£69.1m 2015)”. Sounds promising, so why are the shares currently a further 6.5% lower, heading towards 133p? ...

zamano – from “positive performance in revenue & profit” to group contribution margins “lower” in less than 3 months…

Published 902 days ago

Provider of interactive applications and services to mobile devices, zamano (ZMNO) “is pleased to issue an Interim Management Statement in conjunction with its Annual General Meeting”“Pleased to issue” - should be good then, wait, what? The shares are currently down approaching 17%, to 10p, on the back of it? Hmmm…

Flowtech Fluidpower – acquisition & a penultimate paragraph profit warning

Published 904 days ago

Flowtech Fluidpower (FLO) opens an announcement today with that it “is pleased to announce the further strengthening of its product offering in the hydraulics sector through the acquisition of Triple Six Limited, and provide an update ahead of the release of the company's half-year results”. The shares are currently 5% lower, at 105p, in response. Hmmm…

Northbridge Industrial Services - “is pleased to issue”… a profit warning...

Published 905 days ago

Industrial equipment provider Northbridge (NBI) “is pleased to issue the following pre-close trading update in advance of its interim results for the six months ended 30 June 2016, which are scheduled to be released on 29 September 2016”“Pleased to issue”. Good, good, but what’s that?, the shares currently down more than 11% on the back of the announcement? Hmmm…

Elektron Technology – current trading lower, lashings of jam tomorrow…

Published 909 days ago

Elektron Technology (EKT) CEO John Wilson emphasises that “the group continues to make progress in the delivery of new product development programmes in our growth brands, which the board believes will significantly enhance shareholder value”, though current revenues (six months ending 31st July 2016) “are expected to be lower than those for the same period last year”. Hmmm…

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

Published 911 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…

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

Published 912 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…

LSL – initial acceleration of activity attributed to changes to Stamp Duty, but Profit Warning now to Brexit. Hmmm…

Published 915 days ago

“Trading Update” announcement from residential property services company, incorporating both estate agency and surveying businesses, LSL Property Services (LSL) commences that the company “expects to report strong interim results on 2nd August… delivering growth across all major revenue lines” and that “the group performed strongly in quarter one”. Good, goo… what’s that? “full year group operating profit will be significantly lower than previously anticipated”

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

Published 916 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…

Christie Group – hopefully my warning was heeded, as it’s now profit warning ahoy!

Published 919 days ago

On a 15th June AGM statement from provider of professional business services and stock & inventory systems and services, Christie Group (CTG) I concluded that “there looks significantly elevated risk here. As such, at this juncture this looks one to avoid. Sell.” Hopefully this was heeded as a “Trading Statement” announcement today includes that “operating profit for the year ending 31 December 2016 is likely to be lower than previously expected”...

Digital Globe Services – CEO reckons “pleased with the overall growth of the business”, but for investors it’s over to Beyoncé & Jay-Z…

Published 923 days ago

Provider of customer, lead, and inquiry acquisition and digital media services, Digital Globe (DGS) commences a “Trading Update” noting that it “expects to deliver revenue for the year of approximately $48.0m (FY15: $40.3m), marginally ahead of market expectations”. Good, good … “gross margins experienced compression in the second half of the year due primarily to increased marketing spend”. Uh oh…

STM Group – “Trading & Corporate Update” = Profit Warning

Published 924 days ago

“Trading & Corporate Update” announcement from cross-border financial services group STM (STM) notes that “in April 2016, management took the decision to waiving the Qualifying Recognised Overseas Pension Scheme establishment fee for an initial trial period of six months, with the aim of driving new client business” and that “good progress has been made in generating these new relationships”. Good, good. You what though?, “the revenues generated within the first half of the year have not matched management's expectations with regards to the level of new business anticipated from our QROPS product”

Orchard Funding – from “pleased with how the business has grown since flotation” to “below market expectations” in less than 3 months

Published 925 days ago

1st July 2015: “Orchard Funding Group (ORCH)… is pleased to announce its flotation today on the London Stock Exchange's AIM market… will enable the business to grow to its full potential and become a leading lender in the insurance premium finance and professions finance market”14th April 2016: “we are pleased with how the business has grown since flotation”Today: “the company's trading performance for the current financial year is expected to be below market expectations”. Uh oh…

Vislink - A few thoughts on balance sheets and compound returns

Published 930 days ago

Vislink (VLK) shares are down a further 21% today to 11.65p, for a market cap of just £14.25 million, as the fallout continues from yesterday’s hideous trading update. This is an opportune moment to make a few points on the issue of falling knives and when to catch them.

Portmeirion – you were warned & it’s now profit warning ahoy

Published 930 days ago

On a May AGM update from AIM-listed homewares group, Portmeirion (PMP) I concluded, with the shares at 1155p, that “the risk/reward trade-off now certainly looks to have swung to the former at this juncture. This suggests the shares currently to be avoided” - see HERE. Hopefully this was heeded as it’s now profit warning ahoy and the shares are heading towards 850p…

Newmark Security - Not so safe after all. A mea culpa

Published 931 days ago

Steve Moore has already ably covered the Newmark Security (NWT) profit warning this morning, which see the shares marked down to 1.75p and makes my Buy rating as published here in May look rather foolish. Indulge me and I’ll see if I can offer some insights as to what investors ought to think about.

Vislink – strangely timed “Trading Update” = ‘material’ profit warning & worse still…

Published 931 days ago

A strangely timed (8:01am) “Trading Update” from technology group “specialising in solutions for the capture, management and delivery of high quality video for the broadcast and surveillance and public safety markets”, Vislink (VLK). Hmmm…

Newmark Security – from “look(ing) forward to updating the market further” to profit “significantly less” in less than 2 months

Published 931 days ago

Having on 18th May been “pleased to provide” a trading update, “delighted to announce several new client wins” and “look(ing) forward to updating the market further at the time of the group's full year results”, security systems provider Newmark (NWT) today just “provides” a trading update. Uh oh…

Gulf Marine Services – clients are “seeking cost efficiencies”, Uh oh…

Published 932 days ago

Provider of support vessels to the offshore oil, gas and renewable energy sectors, Gulf Marine Services (GMS) has released an “Operational and Trading Update” commencing that clients in the Middle East are “seeking cost efficiencies as a result of the challenging low oil price environment”. Uh oh…

Clarkson – another from “heavier weighting to the second half” to 'material' profit warning

Published 933 days ago

“Trading Update” from shipping services company Clarkson (CKN) includes notice early of “deterioration in freight rates” reflecting an “increase in global economic uncertainty and the continuing imbalance between supply and demand in shipping and offshore”. Uh oh…

FDM Group shares plunge - here is why you should buy

Published 934 days ago

Post the Brexit vote and the profits warning from Interquest (0ITQ) shares in FDM (FDM) stood at 550p. They are now 450p. I have a private email from a top City analyst which explains the fall but also why the shares are cheap and a buy. It reads:

InterQuest & Avesco – share tip of the year updates

Published 937 days ago

Writing earlier this month, I remained optimistic on both of my share tips of the year. Post recent developments and amidst current market volatility, I now update…

Brammer – swiftly from second half “increased weighting” to profit & debt warning

Published 938 days ago

At its 13th May AGM industrial maintenance, repair and overhaul products distributor Brammer (BRAM) announced that “whilst there will be an increased weighting of the group's financial results towards the second half, our expectations for the full year, assuming our key plans for improvement in the UK and Nordics are achieved, remain unchanged”. We are now though told of a “reduced level of profitability”, seeing that “the group will be close to its net debt/EBITDA bank covenant at the period end”

Stadium Group – EU referendum day profit warning

Published 944 days ago

“Significant progress continues to be made in transitioning Stadium (SDM) from an electronic manufacturing services company to a design-led technology business… However, … in the electronic manufacturing services business, sales are showing a quicker than expected decline” - and more bad news follows…

Servelec Group – from “outlook is positive” to “significantly lower than market expectations” in 3½ months

Published 952 days ago

Provider of technology predominantly to the UK healthcare, oil & gas, nuclear, utilities and broadcast industries, Servelec Group (SERV) has made a “Trading Statement” - and the shares are currently more than 33% lower, at 225p, on the day. Uh-oh…

Getech – another profit warning, how’s the “strong financial position” looking now?

Published 957 days ago

Having emphasised caution on shares in provider of data, studies and services to the oil, gas and mining exploration sectors, Getech (GTC) at 37.5p HERE, the following updates with them currently a further couple of percent lower, at 26p, on the back of a “Trading Update” with regard to the company’s year to end July 2016…

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

Published 965 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…

Filthy 40 Univision – profit warning

Published 967 days ago

Shares in ShareProphets AIM-China Filthy Forty play Univision Engineering (UVEL) are currently trading 17% lower after the company announced a profit warning in relation to the poor trading performance of its 52%-owned Taiwanese subsidiary T-Com Technology Co. Ltd. This is not the only issue facing the company, however.

Imagination Technologies – “underlying performance… broadly in line”, but it’s another profit warning…

Published 972 days ago

Imagination Technologies (IMG) has updated that “the group's underlying performance, before one-off items, has continued to be broadly in line with expectations, as stated in the announcement published on 17 March 2016… (though overall performance) materially below market expectations, as a result of one-off System-on-Chip design services revenue contract adjustments and bad debt write-offs on two specific customers”. Hmmm…

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

Published 978 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…

Crossrider – a “vision” to power the next generation of digital advertising not going so well

Published 980 days ago

“Since the last trading update… structural changes in the markets in which Crossrider (CROS) operates have negatively impacted on the outlook for future trading”. Uh oh…

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

Published 981 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…

Driver Group – revenues projected to be ‘in line’, but profit? …

Published 988 days ago

Construction and engineering consultancy group Driver (DRV) has updated that “March and April revenues were strong and the current workload / pipeline indicates that the group will deliver revenues for the year ending 30 September 2016 at least in line with current market expectations. However… believes that profit for the current year will be significantly short of market expectations”. Uh oh…

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

Published 992 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…

Pressure Technologies – having questioned in February whether a profit warning was ahoy…

Published 1001 days ago

Reviewing the previous trading update from Pressure Technologies (PRES), I suggested a profit warning ahoy - see HERE. Just over two months later, an “Update on Recent Trading” includes that the board now “anticipate that the result for the year ending 1 October 2016 will be substantially below current market expectations”

St Ives – “Trading Update” + shares down 45% = you guessed it…

Published 1003 days ago

“Trading Update” from marketing group St Ives (SIV) commences that “trading overall in the eight months ended 1 April 2016 has continued to be broadly in line with management expectations, with group revenue running approximately 5% ahead of the equivalent period last year”. Hmmm, ok. “However, the outlook for the final quarter, and for the following financial year, has deteriorated”. Uh oh…

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

Published 1012 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…

Sepura – “Trading Update”, EBITDA (bullshit earnings) to be lower than expectations & it gets worse…

Published 1024 days ago

Sepura plc (SEPU), which describes itself as “a global leader in the design, manufacture and supply of digital radios, infrastructure and applications… providing specialist solutions for the public safety, transportation, oil and gas, mining, utilities, industrial and other commercial sectors”, has announced a “Trading Update” for its year ended 1st April 2016. The shares are currently down approaching 30%, at around 140p, in response. It’s profit warning (and worse) ahoy! …

Nakama Group – “Trading Update” features management-speak shite & is shite!

Published 1027 days ago

Apparently the first things we need to know in a “Trading Update” from recruitment group Nakama (NAK) include that “as a result of a holistic review of the business” following the September appointment of CEO Rob Sheffield, “the group has been through significant change…(including) changes to the infrastructure of the organisation”. At the end of the paragraph we are then told that “the board believes that, in order to grow the business, the restructuring and the investment are crucial to the future of the group. The effect of this is reduced profitability during the period”. Hmmm…

Hornby – seemingly now reliant on “constructive dialogue with Barclays Bank”, Hmmm…

Published 1029 days ago

Following a dire profit warning last month and the Chief Executive subsequently “stepping down”, an “Update on Banking Covenants and Trading” from hobby products company Hornby (HRN) sees the shares currently 8% higher today. Does this though look justified?…

China Norfolk Asian Citrus profits warning – how long until the corporate undertakers are called?

Published 1029 days ago

ShareProphets AIM-China Filthy Forty purveyor of Biblical plagues, Asian Citrus Holdings (ACHL) has updated the market on its latest calamity. Apparently it grows oranges too, but its main product these days does seem to be natural disasters that prompt ( lack of) profits warnings.

Plexus Holdings – does recent order news suggest recovery from January profit warning?

Published 1041 days ago

Shares in Plexus Holdings (POS) are a significant faller today despite its latest announcement being a “Well Order Signed with Det norske, Norway” and this following an announcement of a “Russian Licence Agreement” and that its “Malaysian JV Wins First GBP0.9M Well Order”

Cambridge Cognition – “significant progress” in November, now a profit warning

Published 1043 days ago

Having listed on AIM in 2013 at 70p per share to “accelerate the rollout of CANTABmobile, our point of care cognitive test for GPs and dementia specialists”, shares in Cambridge Cognition (COG) currently trade approaching 20% lower today at around 55p on the back of a “Trading Update” including the company “not quite meeting earnings expectations for 2015”. This though follows a November update on expected contracts to “ensure that, despite increasing investment in both healthcare technology development and commercial infrastructure in the USA, the outturn for this year should be similar to 2014 and provide a strong contracted revenue base for the next fiscal year”. Hmmm…

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

Published 1048 days ago

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

Messaging International – 1:43pm "Trading Update"; Uh oh…

Published 1051 days ago

A 1:43pm “Trading Update”. Uh oh. And yep… “Messaging International Plc (AIM:MES), a provider of converged messaging products and services announces that one of its large mobile customers has informed the company that it will terminate the Text to Landline Service provided by TeleMessage, the wholly owned subsidiary of the company, effective 22 March 2016”. The following reviews…

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

Published 1062 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…

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

Published 1062 days ago

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

Pressure Technologies – AGM trading update notes “resilience”, but profit warning ahoy?

Published 1071 days ago

Serving the oil, gas, alternative energy and defence markets, Pressure Technologies (PRES) has updated that it is currently showing "resilience" despite some extremely difficult markets. But is a profit warning ahoy? ...

600 Group – industrial products company “Trading Update” suggests increasing macro woe

Published 1071 days ago

Distributor, designer and manufacturer of industrial products, 600 Group (SIXH) has updated that continued weakness within Europe and the UK is now also being encountered in the USA market. Uh oh…

Hornby – ‘Trading and Transformation Plan’ uncertainty talks as Chief Exec (made to?) walk

Published 1073 days ago

Following an “Update on Trading and Transformation Plan” (AKA dire profit warning) announcement last week, Hornby plc (HRN) has now announced that “Richard Ames is stepping down as Chief Executive and is leaving the business with immediate effect. Roger Canham the current Chairman will move to take over as Executive Chairman and will lead the Group for the foreseeable future. –ends”. Hmmm...

Nature Group – “Trading Statement” later than prior year, but same result; ‘substantial’ profit warning

Published 1073 days ago

Provider of port reception services and facilities and waste treatment services, Nature Group (NGR) has announced a “Trading Statement including early “owing to challenging and industry wide trading conditions and adjustments relating to certain receivables from prior periods…” Uh oh! …

Renold plc - another case of “Trading Update” = Profit Warning

Published 1078 days ago

“Trading Update” from manufacturer of industrial chains and related power transmission products used in a variety of industries including manufacturing, transportation, energy, steel and mining, Renold plc (RNO) sees the shares currently down more than 25% to 32p. Another case of “Trading Update” = Profit Warning then…

Creston - alarming profit warning - look at the macro read-across

Published 1092 days ago

Marketing company Creston (CRE) has announced improved third quarter (to end December) like-for-like revenue growth of 2% but that in the first few weeks of 2016 it “has been advised by a number of clients, across multiple-industry sectors, of project delays and cuts”

China fraud Jiasen – profit warning, where has all the cash gone?

Published 1094 days ago

An RNS is meant to inform. Of course, if you are delivering bad news you might not be so keen to inform the market quite as fully as you could and that brings us to a profit warning from ShareProphets AIM-China Filthy Forty member Jiasen (JSI). Tom Winnifrith commented after its Interims to June 2015 that it was either a fraud or he was a banana. And so today Jiasen produced a very uninformative trading statement which looks for all the world to be designed to mislead.

Dialight plc – full-year 2015 trading update, blackout the PR spin…

Published 1104 days ago

Dialight plc (DIA) has updated that although revenue growth has been “impacted”“the board expects to report underlying operating profit in line with consensus market estimates for the year ended 31 December 2015”. Er, where’s the mention of the impact on market estimates of the dire profit warning you made in June chaps?...

The ShareProphets New Year's Eve "bury bad news" sweepstakes

Published 1120 days ago

The City has another opportunity to slip out bad news when nobody is looking tomorrow, New Year's Eve. Actually this whole forttnight seems to be open season at no-one-is-watching o'clock, but tomorrow sees another sweet spot for the PR geniuses to ply their craft in this Festy period. So how many dodgy RNSs will we see tomorrow, New Year's Eve?

The ShareProphets Christmas Eve "bury bad news" Sweepstakes

Published 1127 days ago

Bah, humbug. With Christmas coming up this whole week is classified as no-one-is-watching o'clock. What better time is there, then, to slip out bad news than on Christmas Eve? As such, we bring you the ShareProphets Christmas Sweepstakes: how many bad news RNSs will there be on Christmas Eve?

Adgorithms – Is “pleased to report”… but in the end it’s another profit warning…

Published 1133 days ago

Having warned “materially” in October just months after listing (see HERE), online advertising software company Adgorithms (ADGO) is today “pleased to report that revenue for FY2015 is currently tracking broadly in line with expectations however, the EBITDA margin in Q4 will be below expectations and this will be reflected in the EBITDA outcome for the full year”. Oh no, not again! …

Amino Technologies – “pleased to confirm that it is trading in line with… (recently downwardly revised) market expectations”…

Published 1147 days ago

Amino Technologies (AMO) “is pleased to confirm that it is trading in line with revised market expectations (as updated following the trading update on 27 October 2015) for both revenue and profit before tax and exceptional items”. Of course the “trading update” and “revised market expectations” = a profit warning…

SeaEnergy: profit warning, loans, new Nomad. Was that plain or cheese'n'onion?

Published 1155 days ago

I suppose that a profit warning should actually involve profits but unfortunately for SeaEnergy's (SEA) beleaguered shareholders that seems to be a long way off. With the low oil price it goes without saying that companies with exposure to black gold in some form or other are going to be suffering in the current climate. But SeaEnergy – as discussed HERE - could and should have been almost bullet-proof. Having had cash and readily realisable assets worth millions, the company has spent the cash and stood by while the value of the holding in Lansdowne Oil and Gas (LOGP) has dwindled away. It now finds itself reliant on the bank and having to go round with a begging bowl in order to keep the lights on.

JQW – filthy forty profit warning as operations remain suspended

Published 1171 days ago

ShareProphets AIM-China Filthy Forty poster-boy JQW (JQW) has this morning issued a profit warning as the suspension of operations imposed by the Chinese authorities over advertising and pyramid-selling rule-breaches continues. Surely it is only a matter of time before the shares are suspended.

Chemring: ammunition for the cautious about the world

Published 1184 days ago

The last time I wrote about Chemring (CHG) I noted the lack of questions on its conference call and noted that a lack of interest is generally good news for investors.  All eyes are on the defense company today though as it punches up an RNS shocker combining a sounds-almost-certain potential delay to an ammunitions contract with a right issue. Quelle surprise the shares have been slammed over 30%! 

blinkx plc – another warning which was hopefully heeded as blinkx's “Business Update” = Profit Warning

Published 1248 days ago

Having consistently been bearish since the days of a comfortably above 100p share price and most recently at 35p in May HERE, I note with interest the “Business Update” from blinkx plc (BLNX) today – this including that “early second quarter (to end September) trading has been below expectations to date and the company now expects an operating loss in H12016”. “Business Update”? The shysters mean 'Profit Warning' then...

Buy SpaceandPeople

Published 1270 days ago

Investment Case: From around 140p, shares in SpaceandPeople plc (SAL) fell swiftly towards 60p last year following a profit warning on slower than anticipated sales. However, the final results statement for 2014 noted that “the cost base of the business at all levels has been lowered, the effectiveness of the sales team improved and a new mobile promotions kiosk product and service launched successfully. As a result, trading in the latter part of the year stabilised and also showed promising signs of growth”. This has since been followed by a positive AGM update and contract news and, at a current 80p offer price, the shares are a buy - we tipped this at 71.5p offer two weeks ago.

Rolls Royce offers long term value and is a buy

Published 1271 days ago

Rolls Royce (RR.) has had a real roller-coaster of a year so far, including profit warnings and disappointing financial results. The FTSE100 listed aerospace and defense company had just about recovered the losses to its share price from the profit warning that it issued last October, when it announced in mid-May that it was reducing its marine business and set-off on another downwards trajectory.

boohoo.com – full-year results announcement sufficient to alter sell stance?

Published 1351 days ago

Following a profit warning in January which saw the shares down from not far shy of 40p, online fashion retailer boohoo (BOO) has recently announced results for its year ended 28th February 2015. The following reviews…

boohoo.com – fewer tears with latest trading update, but much joy either?

Published 1414 days ago

Following a profit warning in January which saw the shares down from not far shy of 40p, shares in online fashion retailer boohoo (BOO) have currently recovered 5% to 26.5p today on the back of a trading update for the period ended 28th February 2015. The following reviews…

AO World plc – profit warning provides further evidence that heavyweight bear interest is worth listening to

Published 1428 days ago

“We continue to redefine retailing in our chosen categories with unbeatable prices, huge range and availability, complemented by amazing service.” So says AO World (AO.) CEO John Roberts today. Shareholders might not be so confident – the statement appearing after a warning that “the company expects growth in revenue and adjusted EBITDA for the UK business for the current quarter to be lower than anticipated” and that next year’s performance is also expected to be impacted.

blur Group – 2014 trading update means its presentational sleight of hand time again

Published 1469 days ago

Provider of an online platform for the provision of services, blur Group (BLUR) has updated that it expects to meet market consensus forecasts for the 2014 calendar year and “continues on its previously announced and planned path towards EBITDA breakeven in Q4 2015 and positive cash flow from Q1 2016”. Sounds good - until factoring in that forecasts were reduced sharply as recently as November when the company admitted that “a small number of large projects, which have been submitted to the exchange, will not kick off until early 2015, which will impact the group's revenue and therefore profitability for the full year ending 31 December 2014”. The following updates on a company which looks to be attempting presentational sleight of hand yet again.

PhotonStar LED Group – where next following profit warning and share price crash?

Published 1546 days ago

Have fallen more than 34% on the back of an announcement that it “now expects that revenues for the year ended 31 December 2014 will be below market expectations which will result in a loss for the year”, shares in AIM listed dog stock PhotonStar LED (PSL) have currently stabilised at 3.125p, capitalising the company at £4.5 million. What now is the outlook from here?

blinkx - well known investor Richard Griffiths further increases stake, but its still a sell

Published 1566 days ago

Internet media company blinkx plc (BLNX) has announced that Richard Griffiths (a former director of Evolution Group, which would progress to the FTSE-250, and well known smaller companies investor) has increased his interest in the company’s shares to 4.62% of the issued share capital. This follows an increase to a 3.50% interest a few weeks before the earlier-this-month profit warning which saw the shares fall from more than 35p to briefly sub 30p. With them currently at 31.75p, is Griffiths’ latest move a wiser one?

SnackTime plc – what’s the situation as the shares crunch 30% lower?

Published 1602 days ago

Shares in UK vending business, SnackTime plc (SNAK), currently trade approaching 30% lower on the day on the back of an announcement of lower than expected earnings for the year ended 31st March 2014, current year trading “behind the same period last year” and the suspension of the sale process for its ‘Drinkmaster’ business. I update in the following, with the shares currently at 9.5p.

Red24 plc – profit warning a reminder

Published 1604 days ago

Shares in provider of a range of services to help organisations and individuals manage security and business risks, Red24 plc (REDT) have recently declined to a current 11.375p from 15.5p on the back of a decision of a major customer “to make changes to the products that they offer”. I review the situation in the following.

Xaar plc – profit warning drives lower, Edison updates its view

Published 1604 days ago

Following another profit warning last week, shares in inkjet printing technology company Xaar plc (XAR) continued to fall – closing the week at 420p. I update in the following with them now having nudged slightly higher towards 423p and on the back of an update from researcher Edison.

PLCs that are Good Investments Do not issue an RNS at 5.52 PM

Published 1645 days ago

US Oil & Gas (USOP) once issued an RNS at 10 PM on a Friday – that Liam Mcgrattan is a comic genius. But he serves to demonstrate a valid point: if a company starts issuing RNS statements well after 4.30 PM this is a red flag that you should not be invested. Not a reason on its own but the sort of red flag that catches the eye.

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