Yu Group – FY18 results and a lack of cash (despite the headlines)?

Published 11 days ago

AIM-listed Yu Group (YU.) has posted its much awaited results for the year to December 2018 – much awaited because during the year it ‘fessed up that its previous numbers had been less than believable. The opening lines make good reading – and the market has reacted well, marking the stock up by a whopping 67%, last seen, to 155p but I wonder about that.

I'm not surprised to see the EVR Holdings share price drop and would continue to avoid it

Published 14 days ago

Last week I wrote a piece here about how I expected the market to react badly when EVR Holdings (EVRH) released its final results for 2018, so I wasn’t surprised to see a drop of around 25% in the share price when that news subsequently came.

I'm expecting a negative reaction to the EVR Holdings final results

Published 20 days ago

EVR Holdings (EVRH) was once a favourite of PIs as its share price soared and it raised around £20 million of capital from institutional investors, but since it was trading at its peak interest seems to have waned and the share price has dropped back a long way.

Neil Woodford Dog Mereo – FY18 results…..oh dear

Published 25 days ago

Oh dear oh dear oh dear. I commented at the weekend HERE that AIM- and now Nasdaq-listed Mereo Biopharma (AIM: MPH, Nasdaq: MREO) has FY18 results due this Monday, following Mereo’s merger with Oncomed on Nasdaq. Duly reported, how’s that extended cash runway doing?

Scancell is still a high risk play but offers value at the current price

Published 28 days ago

Pharmaceuticals isn’t a sector that I generally tend to invest in, other than possibly for the dividends paid by some of the huge multinational companies.

Easter Red Flags at Night: Modern Water FY results a washout – SELL!

Published 34 days ago

Here haven’t been so many diabolical after-hours announcements as there used to be, but ahead of the Easter double bank holiday – at 6.19pm on Thursday evening – AIM-listed Modern Water (MWG) showed that the tradition is alive and kicking. Its investors might have gone home but ShareProphets was watching….

Rotala – full-year results, confident about the prospects: BUY

Published 50 days ago

UK bus company Rotala (ROL) has announced results for its year ended 30th November 2018 and that it is “confident… about the prospects of the group and excited about the possibility of expanding it considerably in the years ahead”

Red Flags at Night: The People’s Operator updates on its death (or, rather, doesn't)

Published 146 days ago

AIM-listed The People’s Operator (TPOP) (until Thursday, but suspended) issued a statement at 6.24pm on Friday to update shareholders on its listing status (no Nomad and due to be booted to the great stockmarket in the Sky on 3 January) and its financial position. A prime example of a no-one-is-watching o’clock RNS – and read it carefully and it is clear that the Grim Reaper is hovering, and will strike imminently...

Inspirit – FY18 Results from the boiler room

Published 148 days ago

3.28pm on the Friday between Christmas and New Year is hardly the time to release your results unless they are really bad, and so it proved with AIM-listed Inspirit Energy (INSP). This is a company which, let us not forget, has been developing a revolutionary boiler (where is Neil Woodford?) since it listed via an RTO on the Casino way back in 2013 – after it was rescued from administration. The original company dates from 2010. So how are we doing in 2018?

Haydale FY18 results: survives going concern (just) but a placing is only a matter of time: Avoid.

Published 250 days ago

Shares in AIM-listed graphene play Haydale (HAYD) are off again to 44p (mid, last seen) following full year results to June this morning. Following a profit warning in June, when I said this was a bargepole stock at 78p and suggested that we were in for a £6 million loss before tax, cash would be down to around £5 million at year-end and another big cash-call was on the way, let’s see how my Mystic Meg powers are holding up……

Falanx – and the CEO resignation that was clearly not...

Published 285 days ago

I have already covered results from Falanx (FLX) in bearcast but there is one matter than niggles me in the annual report – the “resignation” as a director of CEO  Stuart Bladen. Let me explain…

Rotala – half-year results, “confident about the prospects” - BUY

Published 287 days ago

Rotala (ROL) has announced results for its half year ended 31st May 2018 and that it is “confident about the prospects of the group in 2018 and beyond”

Sosandar – I have changed my view, I am not a bear any more

Published 318 days ago

I started to soften my view on Sosandar (SOS) back in April having seen the founders at the UK Investor Show but thought I would formally update my position on this following yesterday’s results, as my name and “view” gets bandied around in connection with it. In summary, I am no longer a bear.

Sosandar – full-year numbers out already, momentum continues. Great stuff! But no flip flop today!

Published 319 days ago

AIM-listed Sosandar (SOS), my tip from this year’s UK Investor Show, had already performed very well but this morning the full year results to March were released. It is always a good sign when companies publish results ahead of the deadline and Sosandar could have waited to the end of September. So it was with increased optimism that I read through the report, but will it be enough for me to raise my stance on the shares and flip flop again?

Purplebricks – the only reason the shares have not completely crashed is it is hard to borrow stock

Published 324 days ago

If Neil Woodford wants to make a few friends, as I sense right now he has none at all, he should put his stock in Purplebricks (PURP) up for borrow. Then at least the bears would like him. Because right now there is almost no borrow and the cost of shorting this company is c25% per annum which is a real deterrent. If there was some borrow these shares would halve at once after today’s shockingly bad results.

Advanced Oncotherapy – FY17 numbers, cash comes in but still to need a fundraising

Published 333 days ago

AIM-listed Advanced Oncotherapy (AVO) released its FY17 numbers this morning. Looking through the numbers presented it is clear that the company was running on fumes last December. We are told that the company is in a stronger financial position since 31st December 2017 having secured £33.3m of financing post period end, but I wonder how much stronger?

React Group – interims note “difficult” market conditions, but suggest better performance to come - BUY

Published 336 days ago

React Group (REAT) has announced results for its half-year ended 31st March 2018, including “market conditions have been difficult and the company has also gone through a period of significant change… the board is optimistic the changes being made will deliver value for shareholders in the future”

5 Slam-dunk sells for 2018 – will we see a casualty this week as results deadlines fall due?

Published 336 days ago

So far my 5 sells for 2018 have offered mixed results, although the average performance as at the end of May was -15%. As we approach the end of June we have results due: might we see a casualty or two?

Big Sofa Technologies: Beware the cosy fireside chat

Published 350 days ago

I’ll keep this relatively short as I’m meant to be enjoying a long weekend away at a big family gathering celebrating my step-father-in-law’s 70th birthday but also I don’t have a lot to add to my previous comments on Big Sofa Technologies (BST). However, I felt it appropriate to respond to the latest view on last week’s results from the HSR team.

Big Sofa Results & Company Chat - BUY

Published 351 days ago

Sorry for the delayed update on Monday's calendar 2017 results from Big Sofa (BST), the video analytics provider but we wanted to catch up with CEO Simon Lidington which we have now done. The numbers are not that good but we long suffering shareholders knew that anyway.

Even when he wants to tell the truth Lyin Steve Sanderson at UK Oil & Gas can't manage it - results announcement

Published 423 days ago

The results are for the year to 30th September 2017 as is clear if you read down the RNS. But sadly even when he tries to tell the truth UK Oil & Gas (UKOG) boss Steve Sanderson can't seem to get it quite right as the two screenshots below show...

IQE will please everybody with these results - bulls, bears, loons and Uncle Tom Cobbley

Published 432 days ago

IQE (IQE) the manufacturer of wafers which pretends that it is the next ARM and is the darling of Bulletin Board Morons, brokers looking to earn 5% on the next placing so writing ramptastic research reports today, avid broker report reader Paul Scott and our own Malcolm Stacey, has served up results for calendar 2017 which will please everybody.

Milestone Group – FY17 results a dog’s breakfast, is it INSOLVENT yet?

Published 458 days ago

AIM-listed Milestone Group (MSG) has this morning posted the most awful set of results. Having been on the AIM Casino since 2003, the company clocked up losses of £2.26 million on revenues of a paltry £24,640. Retained losses stood at a jaw-dropping £33 million and the audit report (needless to say, missing from today’s RNS) contains, we are told, a material uncertainty paragraph. I should coco.

Shoe Zone – full-year results, still looks Income value - BUY

Published 497 days ago

Value footwear retailer Shoe Zone (SHOE) has announced results for its year ended 30th September 2017 and that “we are making good progress against our strategic objectives and the board remains positive about the outlook for the group for the remainder of the year”.

Norcros – interims, “remains confident”… BUY

Published 553 days ago

Branded showers, taps, bathroom accessories, tiles and adhesives company Norcros (NXR) has announced results for its half year ended 30th September 2017 and that it is “well positioned” with “strong brands, leading market positions and continued self-help initiatives”  - this is not discounted in the current share price.

Vela Technologies – full-year results suggest discount to NAV remains far too harsh

Published 595 days ago

Early-stage and pre-IPO disruptive technology-focused investing company Vela Technologies (VELA) has announced full-year results emphasising “the board is pleased to have seen a strong uplift in the valuation of its investment portfolio in the period under review, resulting from new investments made and positive revaluations on certain investments held”

Big Sofa Interims - yes they are piss poor but the shares are a strong buy

Published 603 days ago

When the international video analytics provider to consumer brands and market research agencies completed a placing a few weeks ago it flagged up that H1 results for calendar 2017 would not be anything to write home about. Let us not kid ourselves: they are piss poor. But that should be no surprise and it is what happens next that matters which is why we think the share price sell-off is wrong.

Fox Marble: weak interims more than discounted - BUY

Published 603 days ago

Marble quarrier in Kosovo and the Balkans region, Fox Marble (FOX) has announced results for the first half of 2017, including “we have reduced the estimate of the amount of our order book we expect to realise in 2017”, but that “the board is positive about the outlook for the company for the remainder of this year and into 2018”. it is a mixed bag from a company that has missed targets far too often. So I can understand why some investors are saying that enough is enough and why the shares have slipped to 6.75p-7.5p.  But 

Obtala – interim financials not exciting, but the outlook is

Published 603 days ago

Obtala (OBT) has announced results for the first half of 2017 and followed this with a quarterly business update…We are more than 100% ahead on this share tip but  we are still excited.

Wishbone Gold – interims, Honduras disruption but potential African excitement: BUY

Published 617 days ago

Wishbone Gold (WSBN) has announced results for the first half of 2017, including an update on the initial funding-and-supply roll-out in Honduras and that “discussions are currently underway with two African nations to set up similar programs”

Snoozebox Holdings – when will the lender pull the plug?

Published 654 days ago

Snoozebox(ZZZ) interim results for the six months ended 30 June 2017 out yesterday showed a reduced loss of £1,006,000 down from £2,126,000 in the prior period. Worryingly for long suffering shareholders, the contribution to overheads was only £176,000 down from £986,000. 

Begbies Traynor – positive full-year results, a counter-cyclical buy

Published 680 days ago

Begbies Traynor (BEG) has announced results for its year ended 30th April 2017 and that “we anticipate a growth in earnings in the new financial year”

Pure Horse Shit from Jim Mellon's FastForward - the shares will continue to tank

Published 688 days ago

FastForward (FFWD) the investment company chaired by my old friend, the offshore based asset stripper Mr Jim Mellon, served up results for the year to 31 March today. Cynical Bear will give them the full workover they merit over the weekend  but I could not give my old pal Jim a completely free pass. The numbers are shite

Metal Tiger - 2016 results & “encouraging” 2017 progress - BUY

Published 693 days ago

Metal Tiger (MTR) has announced 2016 results and emphasised “encouraging” progress in the first half of 2017…

Snoozebox – It woke from its deep sleep briefly but is there opportunity here?

Published 693 days ago

Continuing the sleep-related theme, I wanted to take a look at Snoozebox (ZZZ) that rose from its slumber on Thursday following some developments and the release of its year-end results, although it looks to have dropped off again by the close on Friday. I wonder whether there is a turnaround play here.

Advanced Oncotherapy – when the Final Results don’t tell you everything you need to know

Published 699 days ago

AIM-listed Advanced Oncotherapy(AVO)  has released its final results RNS for 2016 with four days to go before deadline day  Bully for Advanced. But there are no notes to the accounts and why is there no no auditor’s statement – the very things that we were looking for. What is the company hiding? We are told that the report WILL be made availlable on the website but hang on...this is crucial!

Norcros – results good and remains confident: BUY

Published 707 days ago

Bathroom and household equipment and accessories group Norcros (NXR) has announced results for its year ended 31st March 2017 and that “the board remains confident that the group should continue to make further progress for the year ending 31 March 2018”.

Shoe Zone – half-year results suggest continued income value

Published 714 days ago

Value footwear retailer, Shoe Zone (SHOE) has announced results for its half year ended 1st April 2017 and that it “has traded broadly in line with management's expectations since the period end and the board continues to look to the future with confidence”.

FastJet - PR fecking geniuses Citigate can't polish a turd - dismal results and a warning of worse: target price 0p

Published 726 days ago

Hello fascist, journalist smearing, PR fecking geniuses at Citigate Dewe Rogerson, your favourite follower of the dog that is FastJet (FJET) is writing today from my home village in Greece. You have done a good job at polishing the turd that are the calendar 2016 results from Fastjet (FJET) but if folks read beyond your spin to the bottom of the statement they will realise this is a basket case and the shares - at 16p are a stonking sell - the target price is 0p.

Chamberlin – full-year results and management chat

Published 727 days ago

Chamberlin (CMH), a 105p offer price share tip from ourselves last month, has announced results for its year ended 31st March 2017 and that ongoing growth is “supported by major new contracts coming on stream”. The shares are now 154p! Who's Da Daddy???

Sanderson Group – interim results and management chat

Published 731 days ago

November 72p offer price share tip, Sanderson Group (SND) has announced results for its half year ended 31st March 2017 and that it has “a good level of confidence that the group will continue to make further progress and deliver trading results in line with market expectations for the current year”.

Advanced Oncotherapy – EGM clock ticking again as shares resume slide

Published 733 days ago

I can’t help but notice that in the wake of a couple of Bracknor death-spiral loan note conversions, shares in AIM-listed Advanced Oncotherapy have rather slipped again. Indeed, having scraped onto the 27.5p watermark on Monday last week (and thus avoided an EGM to drop the nominal price of the shares) as the result of spoof boardroom buying, it has been one-way traffic ever since, down to 22.75p last seen.

Advanced Oncotherapy – another Bracknor Conversion, but look at the terms: how’s the Going Concern statement coming along?

Published 738 days ago

Well, well. How do you issue shares at a discount to par? Simple: pay a whopping fee to the subscriber. AIM-listed Advanced Oncotherapy (AVO) has announced another loan note conversion under its death-spiral funding package with Bracknor and a new fee seems to have appeared which might just derail discussions between the company and its auditor as they work on the going concern statement for the forthcoming FY16 results due out by the end of next month. Oh dear, oh dear.

Sub-Standard Shockers XI Results review – Comedy Central

Published 755 days ago

It’s annual appraisal time for the squad members with annual results for the year to 30 December 2016 due in for many of them by 30 April. It was always going to be the strong favourite that most would leave it to the last minute so thought I’d provide a quick summary of who announced and when and include some commentary on each.

K3 Results - no further nasties: Buy

Published 782 days ago

Updating previously on K3 Business Technology (KBT) in January, we noted a most disappointing profits warning. This is now reflected in announced results for the company’s half-year ended 31st December 2016 – about which we have now spoken to management…

React Group Finals: this will not go on in this manner: Buy

Published 787 days ago

We had already been warned that React Group (REAT) had faced one or two issues in the last financial year notably the dismal performance of the EPUK Unit. Thus results a week or so ago were not good but that should have been expected.

How to Make Money on Full-Year Results - If You Dare

Published 793 days ago

Hello Sharemates. As predicted on this glorious website some time ago, the share price of IQE (IQE) would fall on reporting day - and then recover. In the event when the figures were revealed on Tuesday, the shares fell by about 12%. This was not logical, as the results were rather perky, as I outlined at the time.

IQE Results May Be a Buying Opportunity as Shares Dip to Profit-Takers

Published 795 days ago

Hello Share Smackers. After a long - and for me nervous - wait, the full results for IQE (IQE) are in. And as I predicted on this terrific website, the shares fell on the announcement.

Interquest Results - still a recovery buy

Published 801 days ago

Technology sectors-focused recruitment group, InterQuest (ITQ) has announced results from a “challenging” 2016 year of“transformation” following a change in executive management, though is “cautiously optimistic about 2017”.

Symphony Environmental Results - more good news

Published 806 days ago

Symphony Environmental Technologies (SYM) has announced results for the 2016 calendar year and that “we expect to build on the positive momentum and are optimistic for a successful year ahead”.

Cloudtag Results Prize Competition - win a bottle of Red Leg Rum

Published 822 days ago

For a company with revenues of exactly nil despite all the lies about guaranteed sales of $5.2 million etc, the fraud Cloudtag (CTAG) takes an awfully long time in publishing its (bound to be dire) results for the year to 30 September. If you want to win a bottle of Distil's finest Red Leg Rum then it is time to enter our Cloudtag results competition. Here is how.

Tern – FY16 results: how hard are the numbers?

Published 826 days ago

AIM-listed investment company Tern plc (TERN) released its results for calendar 2016 on Friday. On the face of it the numbers, delivered with commendable speed, were excellent and with the shares up by 14.5% on the day the market seemed to like what it saw. But I wonder just how hard the numbers really are.

Shoe Zone - buy on results

Published 862 days ago

UK value footwear retailer, Shoe Zone (SHOE) has announced results for its year ended 1st October 2016, that it has made a “solid start” to its current year and that “the board remains positive for the outlook of the group”.

Stanley Gibbons - dire interims but...

Published 871 days ago

This is one of our worst share tips and also one of my (TW) worst investments of recent years. Collectibles group Stanley Gibbons (SGI) has announced further dire results - this time for the six months ended 30th September 2016 - though “is optimistic that the trading of the group is now beginning to reflect the giant strides made through the restructuring plan in a year of substantial transition” (including a completely new board of directors).

Buy Character Group

Published 874 days ago

Following positive results at the start of December, shares in Character Group (CCT) went on to exceed 530p. However, following news of director share sales they slid to a 495p offer price at which point in December we tipped them to our readers on the Nifty Fifty website we run with Lucian Miers. The shares are now 510p and still a buy.

Sanderson: results and company chat - buy

Published 903 days ago

Recent share tip, Sanderson Group (SND) has announced results for its year ended 30th September 2016 and, chatting to management, they remain conscious of macroeconomic risk but doesn’t currently detect any loss of confidence in the company’s areas of focus and are confident of making further progress.

Falanx interims - looking good for material re-rate by Christmas

Published 934 days ago

Intelligence, security and cyber defence group Falanx (FLX) has announced results for its half year to 30th September 2016 and a “continued drive to positive cash flow from operations next year”.

Plexus Results "Pretty shocking" - and there is worse to come

Published 937 days ago

In this, the 31st day of the tenth month in the year of Trump, we have today been delivered results from oil services group Plexus (POS) that are truly abysmal. One broker described them as "shocking" but that is unfair, we have been warning you for a long time that Plexus is in deep merde and things will only get worse.

International Consolidated Airlines (British Airways) Results - a broker who understands travel warns you

Published 940 days ago

Andrew Monk does understand travel. Most brokers only understand it in that they collect air miles flying 1st class on expenses on Corporate jollies. Monk did actually run an airline as well as being a top City travel guru in days gone by. Thus his comment today on results from International Consolidated Airlines (IAG), the son of British Airways, are worth heeding.

1Spatial Interims - disappointing but now more than discounted

Published 944 days ago

Geospatial and cloud services company 1Spatial (SPA) has announced self-admitted "disappointing"results for its half-year to 31stJuly 2016, though that “management believes the group is still on track to meet full year expectations which is an overall increase on the prior year revenues and adjusted EBITDA”.

Tom Winnifrith Bearcast : a word or two on the ADVFN Results

Published 945 days ago

These numbers from ADVFN (AFN) were snuck out late on Friday. In part they relate to me and I can say that they are categorically misleading and so here  I set the record straight. And then I analyse. This may well be commercially damaging for me but I am not going to stay silent this time as I explained yesterday HERE

Premaitha - FY Results: numbers academic its the statement that counts: Buy

Published 959 days ago

Premaitha (NIPT) announced late last week its results for the year to March 31 2016. Given the pace of events here these historic numbers do not mean that much but for the record:

Stanley Gibbons Dreadful Results

Published 963 days ago

Only posters on the LSE Asylum get it right 100% of the time. That is why they are all millionaires but are so generous that they still share their wisdom with the rest of us. Steve & I don't always get it right. Since we launched the Nifty Fifty website almost four years ago our second worst tip has been Stanley Gibbons (SGI). Overall we are still c20% per tip up with an average holding period of less than a year. But this one has not helped our average. 

Petropavlovsk Interims - buy

Published 967 days ago

Half-year results from Petropavlovsk (POG) emphasise a return to profitability, though also reiterate that for the full year “expectations to be at the lower end of our original guidance of c.460,000-500,000oz” and net debt of $598 million.

Filthy Forty Reporting Season Update: two down (suspended), six still to report as the clock runs down.

Published 969 days ago

Ten days ago we identified ten of the (only) seventeen still-listed members of the ShareProphets AIM-China Filthy Forty which had a results reporting deadline of tomorrow (Fri 30 Sept) to meet. Actually, it was eleven as although Asian Citrus (ACHL) has a year-end of March it is dual listed in Hong Kong and only gets three months to report its finals there. But it won’t make it and has been suspended – as has MoneySwap (SWAP) which can’t get its accounts out on time. Which of the Filthy Forty are still to report, with just one day to go?

Universe interims, minor glitch but still a buy

Published 969 days ago

Universe Group (UNG) has announced results for the first half of 2016 showing increased earnings, but noting full-year performance “will be slightly below management expectations”.

Fox Marble Interims - getting there: Buy

Published 975 days ago

Fox Marble (FOX) has announced results for the first half of 2016 – including admitted “disappointing” revenue of €0.262 million, but that the “board is positive about the outlook for the company for the remainder of this year and into 2017”.

Safestyle Interims - on track with this share tip

Published 977 days ago

Safestyle UK (SFE) has announced results for the first half of 2016 and that it“remains confident of making further progress and delivering a full year outturn in line with management expectations”.

Reach4 Entertainment Interims - a curate's egg

Published 981 days ago

Reach4Entertainment (R4E) has announced results for the first half of 2016, noting “we are pleased to report a strong first six months”, though that “the second half is expected to be more challenging”.

Action Hotels Interims - Buy

Published 983 days ago

Action Hotels (AHCG) has announced results for the first half of 2016 and, noting “increasing demand for quality, internationally branded economy and mid-market hotels” in its Middle East and Australia areas of operation, “remains optimistic about the future as the group continues to deliver the pipeline”.

K3 Business Technology - more than decent prelims, leaves us c130% up on share tip but more to go!

Published 984 days ago

K3 Business Technology (KBT) has announced results for its year ended 30thJune 2016 and we’ve had a chat with management. The shares are ahead on the news to 343-352p. Not bad given we tipped this at a 149p offer

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

Published 997 days ago

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

Shite Results from Wandisco - have you seen the balance sheet?

Published 1026 days ago

Wandisco (WAND) has today published results for the half calendar year which indicate that at June 30th the company was bust. Thank heavens it got an equity placing away shortly afterwards but did it tell punters how bad things were before it got their cash? And how soon before the next bailout.

F40 LED International Holdings - where are the bloody Interims?

Published 1042 days ago

In its results to June 2015, which were finally published almost six months late and were heavily qualified by the auditor which not only raised a material uncertainty in the Going Concern statement but also issued a disclaimer of opinion on a number of matters in the accounts, we were told that the board of the Filthy Forty's LED International (LED) anticipated the (now more than three and a half months late) interims to Dec 2015 would be announced during the first half of July...

Begbies Results, no red flags: Buy

Published 1045 days ago

Insolvency, restructuring and property services group Begbies Traynor (BEG) has announced results for its year ended 30th April 2016 and that, although cautious, “the recent acquisition of the Pugh auction business, together with the Taylors valuation business, gives the opportunity for growth in earnings in the new financial year”.

Samuel Heath & Sons – results a spin-free pleasure to read, bar post-Brexit vote outlook warning

Published 1046 days ago

Firstly to thank the eponymous Chairman of builders’ hardware and bathroom products manufacturer, Samuel Heath & Sons (HSM) for a management statement which was a, most rare in these times, spin-free pleasure to read. However, the statement includes an outlook warning…

China FRAUD Taihua - another stinker of a set of results from the Filthy 40

Published 1058 days ago

ShareProphets AIM-China Filthy Forty play Taihua (TAIH) released its FY15 numbers on Thursday – deadline day to avoid suspension under AIM Rules. But they were released after-hours at 4.52pm: talk about last-minute. The numbers are a horror, but then so is the Auditor’s Qualified opinion, and the material uncertainty warning in the Going Concern Statement.

Servision - where are the ffing results - is a suspension looming?

Published 1060 days ago

I pointed out at the weekend why cash guzzling, dodgy accounting, jam tomorrow, RNS misleading, worthless piece of Turkish Servision (SEV) may have a few issues with its results. But where are those results for calendar 2015?

NorthWest Investment Group – FY15 numbers from the Filthy 40 Investment company which doesn’t invest

Published 1060 days ago

I kid you not: this company has been on the Casino since joining in June 2010 as an investment company with assets of about £3 million and has never invested a cent. Yesterday, ShareProphets AIM-China Filthy Forty company Northwest Investment Group (NWIG) released results for calendar FY15: it still hasn’t invested a cent. But the money is disappearing.

Rurelec - shares suspended as FY15 results delayed

Published 1062 days ago

Well you can't say that you were not warned over and over again. This afternoon AIM-listed Rurelec - which has a few balance sheet issues - announced that its FY15 results will not be released by the end of this month (ie by Thursday this week) and so the shares have been suspended. Apparently they are pencilled in for release in a couple of weeks' time but there has to be a question of whether Rurelec shares will ever trade again.

Filthy Forty AIM Casino Elimination Stakes – update as the race enters the final stages

Published 1062 days ago

I previously highlighted that a good few of the twenty remaining ShareProphets AIM-China Filthy Forty faced a reporting deadline of Thursday this week, 30 June. In honour of Royal Ascot we ran a poll which showed that readers of ShareProphets reckoned on two or three suspensions/delistings to come over the next (now) just under three weeks. The race has now entered the final three furlongs…how are the runners and riders looking?

Cloudbuy – awful FY15 numbers

Published 1062 days ago

Shares in AIM-listed Cloudbuy (CBUY) are off by 7% on publication of results for calendar 2015. They make dreadful reading.

Prime People results - check out that yield

Published 1065 days ago

Recruiter Prime People (PRP) has announced results for its year ended 31st March 2016 and that“current activity is resilient across the group”. The results show a pre-tax profit of £2.15 million on net fee income more than 20% higher than in the prior year, at £12.28 million, generating earnings per share of 13.84p, up from 9.28p. The dividend per share was maintained at 8.84p.

Jiasen Results Delay - For Whom the bell tolls for thee

Published 1066 days ago

China fraud Jiasen (JSI) may well be enjoying its last few days on the AIM Casino as we have news today of a shock delay to its results. Do you want to bet if they will appear at all?

Norcros strong results - buy

Published 1071 days ago

Supplier of branded showers, taps, bathroom accessories, tiles and adhesives, Norcros (NXR) has announced results for its year ended 31st March 2016 and that “with our leading market positions, portfolio of strong brands, continued new product investment and self-help initiatives focused on market share gain, the board remains confident that the group should continue to make further progress for the year ending 31 March 2017”.

Shoe Zone - no slip up with results

Published 1073 days ago

Value footwear retailer with 518 stores across the UK and Ireland, Shoe Zone (SHOE) has announced results for its half year ended 2nd April 2016 and that “the group has traded in line with management's expectations since the period end and the board continues to look to the future with confidence”. Its another solid share tip from us but there is more to come.

Reader Poll: Hooray, it’s Royal Ascot! Place your bets for the Filthy Forty AIM Casino Elimination Stakes

Published 1073 days ago

ShareProphets is delighted to bring you the Filthy Forty Casino Elimination Stakes in celebration of Royal Ascot - it is time to place your bets! Which of the twenty remaining members of the ShareProphets AIM-China Filthy Forty will be suspended, head over to AIM’s Death Row following a Nomad resignation or be executed over the coming four weeks?

Avesco - very strong results still a buy

Published 1079 days ago

Avesco Group (AVS) has announced results for its half year ended 31st March 2016 and that “with net debt now at historically low levels and the Rio 2016 Olympic Games to come over the summer, the outlook for the group remains very positive”.

Distil, FY results good now watch operational gearing kick in big time!

Published 1079 days ago

Distil (DIS), the owner of premium drinks brands including Blackwoods Gin and Vodka, RedLeg Spiced Rum, Blavod Black Vodka, Diva Vodka and Jago's Vanilla Cream Liqueur, has announced results for its year ended 31stMarch 2016 and that “we look forward to further growing revenues and expanding the reach of our brands over the coming year”.

LGO Results - a landmark in confetti issuing horseshit

Published 1079 days ago

Announcing your annual results at 1.38 PM ensures that some folks will miss the horrors you reveal. London's most useless Nomad, Mr Roland "fatty" Cornish will just be starting course two of four and so will not be back at his desk until the next trading day. So there is some point in sneaking out the bad news in the middle of the day. And that brings me to the trainwreck with Neil Ritson at the wheel, but David Lenigas driving from the back seat, LGO Energy (LGO). 

Xtract – results out and surprise, surprise, the numbers make no sense!

Published 1082 days ago

One of my first pieces on this site back in January (HERE) highlighted the clear discrepancy between the half-year results of Xtract Resources (XTR) and all the ramping RNS’s beforehand. Despite assurances to the contrary, it appears that some things never change. Xtract announced its full year results yesterday and the revenue for the full year was £350,000.

Best of the Best - Inline and Online

Published 1082 days ago

I covered Best of the Best (BOTB) last month, noting the positive trading update issued by the company and musing on the outlook given the rather expensive PE ratio at which the company was trading. Today sees the publication of final results which should reassure long-term holders that there are still rewards to be had here.

Fox Marble Results - no shock we knew they would be poor: the shares remain a buy

Published 1085 days ago

Having previously warned, calendar year 2015 results from Fox Marble (FOX) are unsurprisingly “disappointing”, though the Kosovo and Macedonia quarrier emphasises that it is now“seeing the results of our efforts in establishing our product in key marketplaces throughout the world and the benefit or having our marble actually installed in developments”.

LGO Energy: results preview: it will be a sea of red ink.

Published 1087 days ago

LGO Energy (LGO) should be publishing the year end accounts for 2015 within the next week. If the accounts are audited we will probably see LGO declaring an operating loss of between £10-15 million. I have not seen any analysts expectations so its hard to assess how the market will react to this.

FastForward – clarification over the $1 million. Now what about that £500,000?

Published 1087 days ago

Following my piece on Wednesday asking what had happened to a second tranche of investment into Leap Gaming, AIM-listed FastForward Innovations (FFWD) yesterday finally got around to an RNS confirming that it has now all completed. Hot on the heels of Cynical Bear’s Gotcha on Boxhill (BOX) perhaps we should start up a ShareProphets Nomad Services outfit - £30,000 a year retainer per company? That’ll do nicely.

DCD Media – follows no-one watching o'clock "business update", with no-one watching o'clock results

Published 1087 days ago

Following a true 'no-one watching o'clock’ “Business Update” from DCD Media (DCD), it has followed suit with the results announcement – with a 4:10pm release. I wonder why...

It’s the way you tell ‘em! ISDX China-play Miloc FY15 results

Published 1089 days ago

The ShareProphets AIM-China Filthy Forty has seen some tragedies worthy of Shakespeare – see PCG Entertainment yesterday, for example. So now it is time for the light relief, and in that vein we bring you, courtesy of a cracking spot by our very good friend Graham Chester, FY15 results from ISDX-listed Miloc Group Limited (ML.P). It is pure comedy….

Filthy 40 MoneySwap – loan drawdown and a nasty read-across from PCG Entertainment which needs a full Steward’s

Published 1090 days ago

Oh dear, oh dear. I have the utmost respect for Richard Poulden who had the grim task of overseeing today’s awful trading update from AIM-China play PCG Entertainment (PCGE) and like Tom Winnifrith I had hoped that his outfit might prove to be a rare winner on the Filthy Forty. My experience of him has been one of immense integrity a very sharp mind so it is with considerable sadness that I am writing this. But a bit more digging later, it looks just awful – although, I must stress, not on Mr Poulden - and there is a worrying implication on fellow Filthy Forty play MoneySwap which is already is considerable trouble. Sadly, I fear that AIM Regulation needs to do a full steward’s here.

Filthy Forty – MoneySwap enters the last chance saloon

Published 1111 days ago

Yesterday we had a funding update from cash-strapped ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP). It seems that there are negotiations going on, with hopes that a funding deal worth $4.5 million (call that £3.125 million) can be closed. Meanwhile we are told that some keep-the-lights-on short term funding has been arranged. 

Hooray – ValiRx corrects Companies House filings. Good: now, about that Bracknor death spiral….

Published 1112 days ago

AIM-listed ValiRx (VAL) operates in the biotech space, developing cancer drugs. I’ve been pretty beastly in previous pieces (see HERE) but I am pleased to note that the company has seen fit to address the questions asked over Companies House filings. As pointed out HERE they were indeed wrong and they have now been corrected. Good news. My hope is that the questions over the Bracknor funding deal will now be addressed.

1Spatial, Results and Confident Statement: Buy

Published 1115 days ago

1Spatial (SPA) has announced results for its year ended 31st January 2016 and that it “looks forward to the future with confidence”.

R4E - In line trading statement: hang on and hold tight

Published 1121 days ago

In announcing that calendar 2015 results will be published on May 25, R4E (R4E) has issued a pleasing, if brief, trading statement. Chairman David Stoller is quoted as saying:

Hostels Are the Cheap Way to Travel - and Safestay Should Go Places.

Published 1122 days ago

Hello Share Grubbers. I’m packing my bags for the big UK Investor Show On Saturday time and I hope the organisers are not embarrassed about where I’m staying. I chose the Penn Club which is something to do with excellent Quaker religion, because it is a lovely peaceful place, handy for Uncle Tom’s former pizza parlour. But another reason I stay there is because it is very cheap. In comparison to nearly all the rest of London hotels.

Symphony Results -patchy but the shares are a buy

Published 1128 days ago

Symphony Environmental Technologies (SYM) has announced results for a 2015 year in which“revenues remained disappointingly static”, but that it “has sufficient working capital to execute its strategy and… as an operationally geared business, now running with a significantly lower cost base, the board looks forward to a financially more successful year in 2016”.

Action Hotels 2015 Results - Buy

Published 1131 days ago

Action Hotels (AHCG) has announced results for the 2015 calendar year – with it“pleased” with “another year of growth… as we continue to execute and deliver our pipeline of three and four star hotels across the Gulf Cooperation Council and Australia into our profitable operating portfolio”.

SpaceandPeople Results - buy (despite rude CEO)

Published 1151 days ago

SpaceandPeople (SAL) has announced results for the 2015 calendar year and its management“believes that SpaceandPeople is creating a solid platform for growth and a sustainable future”. We agree and think this is not discounted in the share price.

React Group results and trading update - buy

Published 1156 days ago

REACT Group (REAT), the specialist provider of rapid response deep cleaning and emergency decontamination services, has announced results and that “since the year end the company has traded very well” and “opportunities to acquire niche businesses that add a further offering to our ever expanding client base”.

K3 Results, Company Chat and where next? Up!

Published 1159 days ago

K3 Business Technology (KBT) has announced results for the six months ended 31stDecember 2015 and the following updates on these following a post-announcement chat with management.

A Chemical Company Which Could Fizz in the Test Tube of your Portfolio.

Published 1159 days ago

You may or may not have heard of a great UK company called Synthoma (SYNT). It’s one I’ve usually missed in the  limited number of news sources I keep up with, anyway.


DP Poland – 2015 results; company ‘encouraged’, I not so much…

Published 1161 days ago

Results for 2015 from the company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) are headlined “System Sales up 22%. Total corporate stores deliver PLN+1m EBITDA for full year. Commissary makes strong contribution. Group EBITDA losses reduced by 31%”. Hmmm, use of ‘bullshit earnings’ in the headline then, let’s take a proper look…

Safestyle - solid results and the shares march on

Published 1164 days ago

Leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market, Safestyle (SFE) has announced results from a“record” 2015 and that so far this year “order intake has been significantly ahead of the same period in 2015 and the board looks forward to further progress in 2016”.

Gulf Keystone Full Year Numbers - What you smell is Toast, 1p best case target

Published 1165 days ago

As a bear of Gulf Keystone (GKP) since 180p, I note that the shares are now just 11p after the publication of results which are at every level just a disaster - even today this is a storming sell. Where to start?

Berkeley Energia Interims and more - buy

Published 1165 days ago

Berkeley Energia (BKY) has announced half year results, that contractors have been selected for power line and road works and that “with all major approvals in place and with the strong support and backing of the authorities, activities on the ground will commence shortly”.

IGAS – results to Dec 2015: company foresees non-compliance with bond covenants. Sell.

Published 1166 days ago

AIM-listed Igas Energy (IGAS) is my share tip of the year – as a sell. This morning saw its results for the 9-month period to Dec 2015 which did nothing to make me change my stance. Indeed there was a clear warning that the company is on course to breach its bond covenants during H2. The shares remain a stonking sell.

FDM Group - strong results, confident: buy

Published 1172 days ago

FDM Group (FDM) has announced results for the 2015 calendar year and that “2016 has started well for the group and we are confident that we are well placed to deliver another year of good progress”.

Interquest results more than decent - buy

Published 1172 days ago

Specialist recruiter InterQuest Group (ITQ) has announced results for the 2015 calendar year and that “the new financial year has started positively”. Good News.

Slater & Gordon Beer & Popcorn Results Debacle Podcast Part 3 - why did S&G's board crash the car

Published 1182 days ago

In part two of this series I showed why analysing today's interims leads to just one conclusion - shares in Slater & Gordon (SGH) are going to zero or near as damn it. That podcast can be accessed HERE. Now I look at quite why the poltroons who run S&G did the Quindell (QPP) deal in the first place and why they overpaid so monstrously for a fraud

Slater & Gordon Beer & Popcorn Results Debacle Podcast Part 1 - Good news for Watchstone

Published 1182 days ago

Slater & Gordon (SGH) interims are out and are disastrous for the Aussie poltroons. The Quindell (QPP) fraud has left S&G on its knees. But before I enjoy another ouzo I start with a look at how this car crash affects Watchstone (WTG) and for it the news is good.

Lighthouse: good results, confident outlook, last chance to buy

Published 1188 days ago

IFA network, The Lighthouse Group (LGT) has announced results for 2015 and that it “is well positioned to deliver future growth”. We are ahead on this share tip but there is more to come.

Action Hotels Trading Update - stance upgrade to buy

Published 1194 days ago

Ahead of April scheduled results for 2015, Action Hotels (AHCG) has updated that its nine operational hotels performed strongly and in line with expectations” and that “an increase in reported net asset value is expected as a result of new hotel openings, upward revaluations of existing properties and new additions to the portfolio”.

Entu results - look to the yield & Buy

Published 1208 days ago

Provider of home improvement and energy saving & insulation products and services, Entu (UK) plc (ENTU) has announced results for its year ended 31st October 2015 - these impacted by the closure of its solar business, though with some confidence looking ahead.

Tern – FY15 Results part 1, where does the added value come from?

Published 1212 days ago

AIM-listed investment company Tern plc (TERN) released its results for calendar year 2015 this week. ShareProphets has been  taking an interest in the AIM investment company world so it seems a good time to take a look at what Tern had to say in its RNS….and what was saved for the Annual Report only. In this part we look at the increase in net assets and where the added value came from.

Avesco cracking results, we are 100% + ahead but still a buy at up to 240p

Published 1228 days ago

Avesco (AVS) has announced results from a “record breaking year for the group with operating profit even higher than in 2012 when we had the benefit of the London Olympics in our home territory”, that it “has exchanged contracts for the sale of the freehold land and buildings at its television studios in Wembley” and that “we expect to be able to continue our drive to increase profitability, to generate cash and to grow dividends”.

Actual Experience plc – new order & results, valuation is the issue

Published 1229 days ago

Shares in Actual Experience plc (ACT) are up to a current 275p, capitalising the company at more than £100 million, on the back of announcements of “a significant order to white label the company's service for a leading, US based technology company” and results for its year ended 30th September 2015. Is the share price spike justified?

Imaginatik – interim results from this Rob Terry fave, yet more cash needed (natch)

Published 1263 days ago

Shares in Imaginatik plc (IMTK) currently trade approaching 7% lower, at 5.25p, on the back of results for the company’s half year ended 30th September 2015. This is despite it being “pleased” to announce the results and “pleased with the progress Imaginatik is making”. Hmmm…

Zytronic plc – full-year results a pleasure to read, but still value in the shares?

Published 1265 days ago

Having last commented on Tyneside-based, touch sensor product-focused Zytronic plc (ZYT) with its shares approaching 300p HERE, I now update with results for the company’s year ended 30th September 2015 currently helping the shares towards 400p…

Plastics Capital – interim numbers fail to impress & management greed even less so

Published 1265 days ago

Plastics Capital (PLA) has announced its results for the six months ended 30th September 2015. This was a stock Tom & I tipped on our ‘Nifty Fifty’ website but…

Sanderson Group – full-year results & a chat with management…

Published 1272 days ago

Sanderson (SND), the software and IT services group specialising in multi-channel retail and manufacturing markets in the UK and Ireland, has announced results for its year ended 30th September 2015 and the following updates post a chat with management.

AO World – CEO reckons interim results represent “good progress”, he’s havin’ a bubble…

Published 1278 days ago

Domestic appliances online retailer, AO World (AO.) has announced results for its half year ended 30th September 2015 and reckons “we are encouraged by the momentum in the business as we enter our peak trading period and have never been more excited about our future prospects”. The shares responded by falling by more than 14% to 140p. Hmmm…

Royal Mail: appealing portfolio stodge

Published 1283 days ago

Six months ago after rhapsodising about the 4.5%+ dividend yield I described the Royal Mail (RMG) as:

‘…a brand that has persisted for hundreds of years and it is not going away.  As a balance to your blood, guts and violence capital gain stocks it works’  

And in that sense the outperformance versus the broader FTSE-100 index since then has been pleasing to note albeit still down a handful of percent since the call was made versus 10% for the UK’s large cap index.  Of course you can’t eat relative performance…but that’s where that dividend comes in. 

Superglass Holdings – full-year results: company positive, I not so…

Published 1284 days ago

Following a negative smashing of trading expectations in March, I commented on the track record of glass fibre insulator Superglass (SPGH) and concluded that at 3.25p the shares were on the bargepole list – see HERE. The following updates with the shares currently at 2.25p post results for the company’s year ended 31st August 2015…

Getech Group – full-year results; from “increasingly confident” to “substantially below current market expectations” in less than 3 months! …

Published 1300 days ago

Geoscience services group specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, Getech (GTC) has announced results for its year ended 31st July 2015 showing a pre-tax profit of £1.99 million on revenue up to £8.64 million, generating earnings per share of 5.77p, up from a prior year 5.21p. The shares have responded… currently down approaching 14% at 37.5p! Hmmm…

BP's dividend maintenance dance - one to add to the pension

Published 1307 days ago

The global mega cap energy sector reporting period kicked off today with BP (BP/) reporting 'underlying profit of US$1.8bn for the third quarter of 2015, up US$500m on the previous quarter, along with plans to rebalance its financial framework and grow value long term'.   Well that sounds like something for everyone then: profits sequentially up and more than a hint or two about the importance of remunerating it shareholders. 

Why Not Arm Yourself for an Even Brighter Future with the Cambridge Chip Chucker?

Published 1312 days ago

Hello Share Babies. I recently sold a big share of my holding in Cambridge-based Arm Holdings (ARM). This is because I am always nervous of big technology companies. And indeed, small ones.

Mobile Streams – amendments to full-year results announcement, but still ridiculously spun

Published 1320 days ago

From 4.75p before a 12th October results announcement, shares in Mobile Streams (MOS) closed at 17.375p yesterday. Today the company has announced a number of amendments to the 12th October “Audited Final Results” announcement…

Asian Citrus: better late than never but still piss poor

Published 1327 days ago

Well, it’s official. Asian Citrus (ACHL) submitted its final results for the year up to June 2015 on September 30. About time too. September 25 had been the original date. Irritatingly, as it was released with some hours to spare, investors missed the spectacle of a truly last minute Jeremy-Corbyn-esque submission of the required documents. Feeling he had missed out, this particular writer decided to play “Yakkety Sax” while reading the report and happy he owns no shares in Citrus

Results round-up a festival of AIM-China Red Flags at the end a festy fortnight on the Filthy Forty.

Published 1331 days ago

Phew, what a scorcher! The heat really was turned up on the ShareProphets AIM-China Filthy Forty over the past two weeks. Last week we had one AIM-execution,  a suspension (and subsequent restoration) as Vmoto (VMT) announced a transaction which we find less than credible (HERE) and results from Jiasen (JSI) which prompted Tom Winnifrith to present us with a choice that he was a banana or Jiasen is a fraud. And JQW (JQW) had its operations suspended by the Chinese authorities for contraventions of advertising and pyramid-selling regulations before releasing less than convincing interims. This week saw fourteen of the Filthy Forty racing to the line to get results filed by close of play Wednesday so as to avoid automatic suspension, two of which added to the overcrowding problem on AIM’s Death Row as their Nomad quit. Here is the ShareProphets  round-up of AIM-China Red Flags served up this past week.

UPDATE - ShareProphets ID Parade: two companies still to report on deadline day.

Published 1334 days ago

We started the week awaiting interims and FY results from 14 of the ShareProphets AIM-China Filthy Forty. Following this morning’s round of 7am RNSs we still had five of the Filthy Forty to come, and Daniel Stewart (DAN). 

Filthy Forty MoneySwap FY Results: placing ahoy!

Published 1335 days ago

Another set of numbers from the 14 ShareProphets AIM-China Filthy Forty which were due to report by Wednesday of this week has been chalked up. MoneySwap plc (SWAP) reports a full year (to end Mar 2015) loss of $3.2 million. Against a market capitalisation of £11.1 million (source: ADVFN) that doesn’t look too clever. But it gets worse, because there is an audit Emphasis of matter with regard to sign-off of the company as a going concern: the company will be required to raise funds. Neon signs: placing ahoy!

Surface Transforms: “preliminary results in August” – so where are they?

Published 1335 days ago

Purveyor of ceramic brakes, AIM-listed Surface Transforms (SCE) produced a trading statement back in June which stated that results were expected to be released in August. It is now the end of September and the silence is deafening. Why the delay, chaps?

K3 Results, company chat - all looking good, we are 100% ahead on our share tip - more to come

Published 1346 days ago

K3 Business Technology (KBT) has announced results for its year ended 30th June 2015 and what it describes as“a major contract win for its ‘ax l is fashion’ solution”. The following updates post a chat with the management of a company where we are c100% ahead on our share tip. There is more to come...

Seaenergy – results: how much shareholder value has been pissed away? Sell.

Published 1347 days ago

AIM-Listed Seaenergy (SEA) announced its interim results to 30 June yesterday morning. Having previously highlighted a few missed opportunities HERE (and that is being uber-polite) I see some pretty horrible numbers. I note that Tom Winnifrith called it a Bargepole stock in yesterday's Bearcast, but stopped short of calling it an outright sell. I hesitate to disagree. Er… I don’t. I say it is a sell, a bag of crisps job.  

Cloudbuy – Interims, suspension as Nomad resigns with immediate effect and what about EFH?

Published 1353 days ago

A difficult few days, I fancy, over at Cloudbuy Towers. Last week Chairman Ronald Duncan had a margin call from Equities First Holdings LLC (EFH) which prompted an RNS stating that Mr Duncan would settle in cash. Then on Wednesday of this week came an after-hours RNS stating that the Interims had been delayed. This morning AIM-listed Cloudbuy (CBUY) finally released those interims (which were not all that pretty) and then promptly followed up with the announcement that the Nomad had quit with immediate effect. Consequently the shares are now suspended. This has implications for Mr Duncan’s EFH package. It is hard to know where to start!

Goals Soccer Centres – 2015 interim results statement off target

Published 1354 days ago

Operator currently of 46 5-a-side soccer centres in the UK and one in Los Angeles, Goals Soccer Centres plc (GOAL) has announced results for a “challenging” first half of 2015, though things have since got worse…

ASOS plc – what’s the outlook as founding CEO stands down?

Published 1360 days ago

Following an announcement earlier this week from ASOS plc (ASC) that founder Nick Robertson is to stand down as CEO with immediate effect, being succeeded by Chief Operating Officer Nick Beighton, I update with the shares currently falling further below 3000p…

Plus500 – interim results, has it really “performed well over the period”?

Published 1368 days ago

A results statement for the first six months of 2015 today from Plus500 (PLUS) includes that “notwithstanding the impact of UK regulatory matters, the group has performed well over the period”. Hmmm. Is this really the case? …

BHP Billiton – 10 quid odd a share is just plain rude

Published 1370 days ago

Who ever said that large cap equities could not be exciting?  A quick glance at the share price graph of the world’s largest miner BHP Billiton (BLT) shows that even a miner with lowest quartile production costs, rising volumes, low debt and a progressive high single digit dividend yield can still struggle against the might of negative investor sentiment towards the space. 

Ubisense Group – interim results continue shocking track record, where are the shareholders’ “performance payments”?

Published 1375 days ago

Having reached 275p last year, shares in Ubisense Group (UBI) have declined further to a current 103.5p following interim results earlier this week. Is this understandable? Er, just a bit! …

Slater & Gordon – results delay news re-sparks debate on valuation

Published 1378 days ago

News that the acquirer of Quindell's (QPP) 'Professional Services Division' Slater & Gordon has delayed the release of results for its financial year (see HERE) has re-sparked debate on the Australian stock…Tom Winnifrith took up the charge here

Quindell plc – 2014 results review part 1: the past – an extraordinary litany…

Published 1388 days ago

On Wednesday it took more than 75,000 words across two 2014 results RNSs for the new management at Quindell plc (QPP) to attempt to decipher what had been inherited and they still had to admit “it is also possible that there are transactions into which the group has entered of which we are unaware”. The following details some of the transactions which are now described as having “unresolvable ambiguities in analysing the substance of”, some including where the commercial purpose has been unable to be verified…

Quindell Results Out - Bearcast from Tom Winnifrith part 2: what next for Quindell & Slater & Gordon Shares

Published 1390 days ago

You have to end on a high and so that is it for a while from me. Full stop. Unless Rob Terry is arrested (whch will happen at some stage), I am not filing here any more. Because it does not get much better than today. Quindell has just released its 2014 results and I am 100% vindicted now. And so there is a two part Bearcast. In part 2 (this one), I explain what next for shares in Quindell and Slater & Gordon. One more bearcast and it is ouzo o'clock.


Dialight plc – “disappointed by the half year results”, so what now?

Published 1392 days ago

Having extensively warned on shares in Dialight plc (DIA) and most recently HERE, they crashed well below 500p on a 27th July interim results announcement, though have now recovered to around 550p. What’s the outlook now here?

Tungsten Corp – full-year results, you were warned…

Published 1404 days ago

I previously updated on Tungsten Corp (TUNG) in May – warning as the shares recovered above 100p (see HERE). They currently trade at around 75p following results for the company’s year ended 30th April 2015…

Chamberlin plc – “subdued” AGM update, where from here?

Published 1409 days ago

I previously updated on foundries and engineering group, Chamberlin (CMH) HERE, concluding at 85.5p that there looked long-term value, though present headwinds meant patience would likely remain required. The following updates post an AGM statement…

Plastics Capital Results - a buy for yield

Published 1414 days ago

Plastics Capital (PLA) has announced results for its year ended 31st March 2015 and that “trading in the current year is in line with management's expectations” - we note those numbers had already been shaved some months ago. However

Chemring – no interest…is interesting

Published 1432 days ago

I am a strong believer in accountability and that’s why you will often find me referencing previous articles (good or bad) I have written on ShareProphets.  Chemring’s (CHG) results stood out to me today as I have written before about the specialty defence company noting approximately a year ago at approximately the same share price that the share was worth holding. 

Another Poor Result: APR Energy and me – the confession

Published 1439 days ago

My name is Chris, I am an experienced investor with years of successful institutional and personal investing behind m,e but I would like to confess guilty to the charge that I have made a bad call.  I accept that the Sheriff of AIM in a rare cross-jurisdictional move into the Main Market is correct in his judgements in his generous oral testimony here. reports “a good start” to its year, are the shares a buy?

Published 1444 days ago (BOO) has updated on “a good start” to its year to end February 2016. I give my reaction…

Audioboom Group – claims ‘KPI’s’ booming, but what about the financial performance?

Published 1450 days ago

Audioboom Group (BOOM) has announced “key performance indicators” for the second quarter of its year to end November 2015. How helpful though are these in assessing the investment promise on offer?

AO World – full-year results, cutting through the Abundant Obliqueness...

Published 1453 days ago

Online electricals retailer AO World (AO.) has announced results for its year ended 31st March 2015 including an emboldened statement that “the group has delivered significant growth in UK sales and UK Adjusted EBITDA over the year whilst also delivering significant strategic progress; broadening its product range, with the introduction on of audio-visual equipment and expanding internationally with the successful launch of in Germany”. A focus on “strategic progress”, sales and adjusted EBITDA, rather than real profitability and cash generation then. Red flags ahoy? …

SeaEnergy – Trading Update, piffle!

Published 1453 days ago

One can have some sympathy for companies operating in the oil & gas support services sector: clearly with the oil price having dropped so much last year their products are going to be less in demand. But with SeaEnergy (SEA) there is another issue: that of spurning an opportunity.

Reach4Entertainment Results - worth a flutter for the brave

Published 1456 days ago

Owner of London and New York-based theatre and live entertainment marketing businesses, Dewynters and SpotCo respectively, together with London-based signage and fascia business, Newman Displays, Reach4Entertainment(R4E) has announced results for the 2014 calendar year and that it is “continuing positive discussions with our main lender to create a future financial base which will support our ability to maintain and extend our position as market leaders in promoting theatre, film and live entertainment events”

ASOS plc – interim results, valuation again looking ludicrous?

Published 1516 days ago

Shares in online fashion retailer ASOS (ASC) currently trade higher today on the back of a results announcement for the six months ended 28th February 2015 – which included that “we are confident of our outlook for the remainder of the financial year”. Does this though look to justify a further move ahead to a current 3800p share price?

Judges Scientific – 2014 “disappointing”, 2015 to be much better?

Published 1521 days ago

Having warned on this website over a year ago that I would be nervous holding shares in scientific instruments designer and manufacturer Judges (JDG) at a then more than 2200p and reiterated at 1550p a couple of months ago, the following updates with the shares currently having fallen below 1500p today on the back of results for a self-declared “disappointing” 2014 calendar year…

Empresaria - pretty dam good results, we are almost 100% ahead on share tip - more to come

Published 1541 days ago

International specialist staffing group, Empresaria (EMR) has announced results for the 2014 calendar year and that “we see exciting opportunities for growth across our network, particularly from the investments made in 2014, and look forward to the year ahead with confidence”. We are heading for 100% up on this share tip but there’s more to come.

Hydrogen Group – 2014 results & boardroom cull

Published 1544 days ago

Following its announcement of results for the 2014 calendar year, shares in recruitment group Hydrogen (HYDG) currently trade a further more than 5% lower today, at 67.5p - having been more than 100p less than 10 months ago. However, with boardroom change, is there now recovery value here?

Begbies Traynor, results, placing & acquisition

Published 1623 days ago

Begbies Traynor (BEG) has announced results for its half year ended 31st October 2014, an up to £8.5 million (initial £5 million) acquisition and a placing to raise £5.3 million.  This is not a great share tip so far but we remain buyers.

Creston Interims - on track

Published 1632 days ago

Marketing communications group Creston plc (CRE) has announced its results for the six months to 30th September 2014 and that “current trading is in line with its expectations for the full year”. 

Royal Mail - buy after results?

Published 1640 days ago

Having come to the conclusion that Royal Mail (RMG) shares looked good value at 390p in early October, I was chuffed to see the share price then rise to above 460p. Less gratifying is to see it fall to 417p after the recent publication of the company’s first half results to 30th September. 

Flybe still a recovery play but not such a good one

Published 1646 days ago

I tipped Flybe (FLYB) at 116.5p here a couple of months ago HERE. The shares are now 100p following interims. I admit it, it was a bad share tip as the results were – as Tom Winnifrith pointedly noted on his BearCast on results day – less than impressive. I apologise to one and all for this tip.

blinkx plc – interims: statement highlights the positives, but au contraire...

Published 1656 days ago

The latest results statement from blinkx plc (BLNX) emphasises “a transformational period” and that “the company remained profitable on an adjusted EBITDA basis and delivered over $100 million in revenue during the period”. Sounds great, but au contraire…

BP Results Better Than Expected

Published 1669 days ago

BP (BP.) posted results which exceeded expectations yesterday. At the time of writing, the share price has been boosted to 440.1p. It wasn’t long ago that the shares dipped below 410p.

Glaxo Results Boosts Share Price - but still a buy

Published 1676 days ago

It’s been a torrid year for GlaxoSmithKline’s (GSK) share price. From a year high of 1706p, it recently fell to a low of 1296.p. However there was some much needed cheer yesterday, when the shares, trading at around 1330p, were lifted to over 1400p briefly, before closing at 1385.5p. The catalyst? Publication of its results at 12 o’clock which beat expectations.

Avanti Communications... the debt rises

Published 1676 days ago

I finally got round to reading Avanti's year end results to 30th June 2014 (released on 15th September 2014). And then I shorted some more stock. 

Next Fifteen Communications – still a buy after results?

Published 1689 days ago

As it “continues to transition its core business away from traditional communications services, such as public relations, towards social and digital communications”, Next Fifteen (NFC) has announced results driven by a continued strong performance from its North American business and improving UK trading, with EMEA and APAC stabilising. With me having concluded in January that at an approaching 90p share price there looked to be some growth and income value on offer here and reviewing again in August at 114.5p, the following updates with the shares currently 119p.

Harvey Nash Group - interim results, still a buy?

Published 1699 days ago

identified decent value in the shares of international recruitment and outsourcing services group Harvey Nash (HVN) with them trading at 70p last year. Following results for the six months ended 31st July 2014, does this remain the case at a current more than 104p?

Judges Scientific – interims justify my caution as shares a further 15%+ lower

Published 1705 days ago

Shares in scientific instruments designer and manufacturer, Judges Scientific (JDG) are currently down a further more than 15% today, at sub 1300p, on the back of the company’s results announcement for the first six months of the 2014 calendar year. The following updates my view after I warned back in January that a then more than 2200p share price looked to reflect much good news potential but leave little scope for any potential adverse turn in trading or sentiment.

Hydrogen Group – seemingly good value, but is it actually?

Published 1733 days ago

I previously wrote on specialist recruiter Hydrogen Group (HYDG) in January – concluding that, with the shares at 108p, the prospective rating looked reasonable but that the cautious would await further clarity (see HERE). The shares remained above 100p until a May AGM update which included that “in some areas we have observed a delay in conversion to completed placements and we are yet to see an across-the-board uplift in Net Fee Income. It is therefore still too early to say with certainty when the different practices and regions will see sustained acceleration”. Ahead of the 16th September-scheduled interim results, I take another look at this stock following a further update on trading last month and with the shares currently at 80.5p.

Sanderson Group - getting interesting following share price slide?

Published 1740 days ago

Shares in the software and IT services business, specialising in multi-channel retail and manufacturing markets in the UK and Ireland, Sanderson Group (SND) have fallen from 74.5p following interim results in June. They now trade at 63.5p - back below their level of when I previously commented in March. Below I revisit this stock.

Densitron plc – interims disappointing, but improvement ahead?

Published 1741 days ago

Electronic display and related technologies company Densitron (DSN) has announced results for a first six months of 2014 in which “revenues have been disappointing in comparison to the same period in 2013 and consequently the group remains loss making”. However, with the shares having nudged higher today, to 6.5p, it is worth taking a look, not least because the company also reported a “strong” pipeline of new business and that it is confident in the outturn for the full year.

StatPro Group – interim results, is there really “significant upside potential”?

Published 1752 days ago

A results statement for the first half of the 2014 calendar year from provider of portfolio analytics for the investment community, StatPro Group (SOG) affirms “solid progress on the execution of our strategy to transition fully to a cloud-based business” but that this, together with increased expenditure on sales people and marketing activities, has impacted earnings. The following reviews with the shares currently unchanged on the results announcement at 84p.

Domino’s Pizza Group – a mixed taste in post-results views

Published 1756 days ago

Shares in Domino’s Pizza Group (DOM), at just over 540p, are now little changed on recent pre-results announcement levels. This follows a mixed reaction to the company’s results for the 26 weeks ended 29th June 2014, which the following reviews. Is it time to buy back in?

July’s Stock-Ping - Research TEG Group

Published 1761 days ago

Back to the ‘T’s and mother nature for this month’s Stockping however far removed from wireless technology and infection control, the company this month operate on the old adage ‘where there’s muck, there’s money’ and possibly in increasing amounts in years to come. TEG Group PLC (TEG) with its wholly owned subsidiaries, TEG Environmental , TEG Energy  and Simpro  along with 50% stakes in TEG Biogas (Perth)  and TEG Biogas (London) provides state of the art technology for handling organic wastes with abbreviations such as: ‘IVC’ – in vessel composting, ‘ABP’ – animal by product and ‘AD’ anaerobic digestion, gardeners will know, the latter is rather smelly, but this shouldn’t put you off the share!!!

Buy Plastics Capital – Results and Company Chat

Published 1790 days ago

Plastics Capital (PLA) has announced results for its year ended 31st March 2014 and updated that “trading for the first quarter of FY2015 continues in line with management's expectations and there are indications that trading conditions will improve over the coming months”.  These shares look cheap as we explain below.

blur Group – fundraising and results enough to change bearish view?

Published 1829 days ago

Shares in online business services marketplace provider blur Group (BLUR) currently trade 22% lower today, at 82p, following its announcement of a fundraising and delayed results for the 2013 calendar year. With Ben Turney already having reviewed the former HERE, I now take a look at the results.

A Delay in results is nearly ALWAYS bad News

Published 1834 days ago

I compare and contrast two companies here: Totally (TLY) and Greka Drilling (GDL). The matter is the question of a delay in results.

Lombard Risk Management – Burying good news?

Published 2227 days ago

It is funny how some companies bury good news. Lombard Risk Management (LRM) issued an RNS on Friday headlined “notice of results.” I just assumed that it stated “Lombard will issue its results on such and such a date” and as such did not bother to read the actual release. Daft old me.

Plastics Capital - a positive future being manufactured?

Published 2232 days ago

AIM listed niche plastics products group Plastics Capital (PLA) is a company that Tom and myself have followed since the shares were at 40.5p in November 2009. Our thesis that shareholders would be rewarded as the company would be able to robustly generate cash and show its debt was manageable in the years ahead has been proven correct thus far – with the shares presently trading at 107.5p.


About ShareProphetsTerms of ServiceForgot My Password
Contact UsPrivacy PolicyForgot My Username
Advertise With UsCookie PolicyResend Account Validation Token
Send Us A Tip

Data by ADVFN / Site by Everywhen /