Results

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

Published 4 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 4 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 5 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 11 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 19 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 20 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 24 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 44 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 51 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 66 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 76 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 76 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 88 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 93 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 94 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 96 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 104 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 108 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 129 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 131 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 143 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 149 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 150 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 151 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 156 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 156 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 157 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 170 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 170 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 180 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 181 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 183 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 184 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 184 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 185 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 193 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 194 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 195 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 199 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 201 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 207 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 208 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 209 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 213 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 219 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 220 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 221 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 223 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 228 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 236 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 240 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 242 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 249 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 249 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 250 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 251 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 257 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 257 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 258 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 267 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 282 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 282 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 283 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 285 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 290 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 291 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 303 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 303 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 305 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 309 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 324 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 327 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 331 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 333 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 333 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 333 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 338 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 339 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 340 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 352 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 353 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 355 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 355 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 358 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 361 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 366 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 373 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 374 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 377 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 381 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 383 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 384 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 388 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 390 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 391 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 394 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 395 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 398 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 402 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 403 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 404 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 409 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 409 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 410 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 410 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 410 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 411 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 412 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 413 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 416 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 417 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 423 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 431 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 436 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 444 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 445 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 451 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 457 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 459 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 460 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 467 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 471 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 480 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 482 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 491 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 503 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 506 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 508 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 508 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 520 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 522 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 527 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 529 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 541 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 541 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 549 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 550 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 551 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 552 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 556 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 571 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 572 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 583 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 598 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 606 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 612 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 626 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 633 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 650 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 663 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 727 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 749 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 750 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 829 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 892 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 907 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 948 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 1024 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 1044 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 1080 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 1082 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 1083 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 1123 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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