Results

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

Published 6 days ago

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

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

Published 25 days ago

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

Neil Woodford’s disaster of the day No 3 – Kier Group

Published 33 days ago

Its bailout rights issue closed for acceptances yesterday, Kier Group (KIE) has announced “valid acceptances in respect of 24,276,286 new shares, representing approximately 37.66 per cent. of the total number of new shares to be issued pursuant to the fully underwritten rights issue”. Oh dear! And it gets worse…

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

Published 36 days ago

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

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

Published 39 days ago

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

Van Elle – emphasises “positive momentum”… so why a further share price fall?

Published 43 days ago

Having listed on AIM at 100p per share in late 2016 and the shares having recently slid towards 80p, a half-year trading update from geotechnical engineering company Van Elle Holdings (VANL) includes “new contract starts have progressively gained momentum”“gross margins have continued to improve” and “the positive momentum exiting the first half has continued into the start of the third quarter and the group's orderbook at 31 October 2018 was 16% ahead of last year at £32m”. So why have the shares responded further lower, below 80p?...

Tungsten Corp – now a “secures SdI registration in Italy” RNS Reach. Hmmm…

Published 67 days ago

Tungsten Corp (TUNG) has emphasised “a significant step” with its certification as an authorised intermediary of the Italian tax authority (‘Sistema di Interscambio, SdI). This following it emphasising “appoints new SVP global sales” earlier this week. Hmmm, anything else behind this recent newsflow?...

InnovaDerma – “distribution channels will increase significantly this financial year”, so why a current 15% share price fall?

Published 76 days ago

“UK developer of life sciences, beauty and personal care products”, InnovaDerma (IDP) has made an AGM update including “our distribution channels will increase significantly this financial year as our UK retail store network grows from c.800 (FY2017) to c.2,400”. So why a current 15% share price fall, towards 100p?...

Portmeirion – half-year results, set for an earnings beat?

Published 171 days ago

Portmeirion, Spode, Wax Lyrical, Royal Worcester and Pimpernel homewares company Portmeirion Group (PMP) has been “pleased to announce its performance for the six months ended 30 June 2018” - and the shares have responded higher, currently to 1170p…

Amino Technologies – H1 adjusted earnings approaching 60% lower so why only a modest share price decline?

Published 188 days ago

Amino Technologies (AMO) has announced results for its half year ended 31st May 2018, emphasising “strong revenue visibility and pipeline coverage - full year expectations confirmed” - the numbers though showing adjusted earnings approaching 60% lower than in the corresponding half in the prior year on revenue 17% lower at $41.2 million. Hmmm…

Xaar – below expectations sales & little visibility… but still “expect full year profit to remain in line with our expectations”?!

Published 209 days ago

Previously writing on Xaar (XAR) in November it was “shortfall against previous expectations… largely from fewer than planned new printer installs of Xaar's 2001 Printhead, and slower than anticipated ramp up of the Xaar 1201 Printhead due to supply constraints”. Today a further trading statement…

Amino Technologies – emphasies “confidence in full year expectations”, so why the share price decline?

Published 230 days ago

Amino Technologies (AMO) has updated on trading for its half-year ended 31st May 2018, including “as operators transform their services to IP delivery to meet consumer demand for entertainment 24/7 on any device we are seeing good traction for our three clear market opportunities - upcycling, the transition from cable to IPTV, and Android TV. Good visibility provided by our order backlog and pipeline underpins the board's confidence in full year expectations”. So why a current more than 4% share price decline?...

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

Published 230 days ago

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

Portmeirion Group – AGM update, set to beat market expectations?

Published 250 days ago

Previously writing on homewares group Portmeirion (PMP), I concluded I want further evidence of tangible, sustainable recovery before reconsidering my cautious stance. Today an AGM trading statement…

Low & Bonar – reports Q1 revenue increase, why are the shares slumping?

Published 284 days ago

Low & Bonar (LWB) has updated commencing “group revenue has increased in the first quarter of the year, despite challenging market conditions in Europe and the USA, led by growth in both the Building & Industrial and Interiors & Transportation businesses”. I though note the shares already down from over 80p in October and currently a further circa 7% down today, heading towards 50p…

Plastics Capital – as anticipated, second half weighting… but enough?

Published 327 days ago

Shares in niche manufacturer of specialist plastic products, Plastics Capital (PLA) slipped from 126p towards 120p in December on the back of half-year results including “the board expects profits before taxation, to be marginally below consensus market expectations”, though “we anticipate a significant uplift in profitability during the second half of the financial year which should benefit from the seasonal demand upswing and new business coming on stream”. There’s now a trading update…

Amino Technologies – full-year results emphasise “expects… sustainable profitable growth”, so why a share price decline?

Published 349 days ago

IP-based pay-TV services technologies company Amino (AMO) has announced results for its year ended 30th November 2017 and that “Amino has made a promising start to 2018… the board expects the company to deliver sustainable profitable growth in the coming year”. The shares have responded, er, more than 4% lower further below 200p. Hmmm…

InnovaDerma – “confident in meeting market expectations for the current financial year”, so why an approaching 13% share price fall?

Published 370 days ago

InnovaDerma (IDP) “is pleased to provide a trading update for the six months ended 31 December 2017” - and it includes “the board remains confident in meeting market expectations for the current financial year and has much greater revenue visibility for the second half than in prior years”. So why an approaching 13% share price fall on the back of it, towards 230p?...

Dialight – “significant disappointment” with recent product delivery performance, CEO ‘steps down’

Published 377 days ago

Previously writing on industrial LED lighting technology company, Dialight (DIA) I noted failure to deliver on addressing outsourced manufacturing issues. There’s this week been a “Directorate change, Trading update and outlook” and two “Director/PDMR Shareholding” announcements…

Filtronic – “broadly in line” & “pleased with order intake and new contract wins”, so why the share price decline?

Published 400 days ago

Microwave electronics products for communications markets-focused Filtronic (FTC) has updated on trading including performance “broadly in line with our expectations” and “we are pleased with order intake and new contract wins in both businesses during the period, which support our strategic development goals”. So why are the shares currently circa 8% lower towards 10p?...

Renold – again “Trading Update” = Profit Warning

Published 467 days ago

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

SpaceandPeople – half-year results, a recovery on-track?

Published 484 days ago

Shares in promotional and retail merchandising space-focused SpaceandPeople (SAL) are currently on the rise on the back of results for the first half of 2017…

IndigoVision – why the half-year results share price slump?

Published 486 days ago

Having been sparked from well below 200p by a May update including that “in the first 19 weeks of 2017, overall revenues were ahead of the corresponding period last year. The immediate outlook is more positive than it has been for some time”, shares in video security systems group IndigoVision (IND) have now fallen back to around the 200p level on results for the first half of 2017. Hmmm…

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

Published 502 days ago

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

Tracsis – “considerably stronger” second half & “well positioned” trading update, so why are the shares unmoved?

Published 525 days ago

Rail and traffic-focused technology and services company Tracsis (TRCS) has updated on a second half of its financial year ended 31st July 2017 “considerably stronger than the first half” and that “initiatives, our continued diversification, a good pipeline of M&A prospects, and anticipated industry momentum leaves the group well positioned as we enter the new financial year”. The shares have though currently responded unchanged at 440p. Hmmm…

Quarto Group – a bad first half, but states there's an ‘attractive price’ takeover approach…

Published 531 days ago

Following a recent profit warning, so tries to emphasise “transitional year”, publishing group Quarto (QRT) has announced results for the first half of 2017… as well as an “attractive” price takeover approach…

Lombard Risk Management – AGM Statement commences ‘positive market for products’, so why are the shares leading fallers?

Published 552 days ago

An AGM Statement from Lombard Risk Management (LRM) commences that “the company continues to see a positive market for its products with the landscape largely unchanged since we announced our 2017 full year results in May”. Yet the shares are leading fallers, currently down circa 15% at around 11p…

Starcom – order delays, but reckons second half growth. Hmmm…

Published 602 days ago

An AGM statement from Starcom (STAR) includes that “gross margin is ahead of the average for 2016 and better than expected” and “some increases in order value on last year”. However, “revenues for the first four months of the year are slightly behind budget”. Hmmm...

SpaceandPeople – shares soar on the positive guidance of a trading update

Published 621 days ago

Shares in promotional space manager and services provider SpaceandPeople (SAL) are currently 45% higher today, at 37p, on the back of a “Trading Update” announcement…

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

Published 671 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”

Zinc Media – emphasises EBITDA profit for "first time in recent years", so why are the shares materially lower?...

Published 677 days ago

The results announcement for its half year ended 31st December 2016 from the former Ten Alps plc, now Zinc Media Group (ZIN), emphasises “decisive action taken” and “for the first time in recent years, the company reported a profit at the adjusted EBITDA level”. So why are the shares more than 9% lower, heading towards 1.20p, on the back of the release?...

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

Published 701 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”?!?...

Tracsis – “pleased to provide” half-year trading update, so why are the shares slumping?

Published 706 days ago

Provider of software and services for the traffic data and transportation industry, Tracsis (TRCS) “is pleased to provide” a trading update for its half year ended 31st January 2017. Why then have the shares currently responded more than 13% lower, towards 400p?...

James Halstead – AGM statement notes FX benefits & ‘confidence in prospects’, so why are the shares down?…

Published 781 days ago

Writing on commercial flooring company James Halstead (JHD) in August I concluded that the circa 426p per share valuation deterred me. The shares have recently risen towards 500p but despite now updating that “the fall in the value of Sterling following the referendum vote of June has contributed to increased margins on our overseas sales, increased competitiveness and positive growth” and noting confidence “in the prospects of the company going forward”, the shares are currently approaching 6% lower today, back towards 450p...

Hayward Tyler – “momentum is continuing to build”, but it needs to…

Published 784 days ago

Engineering group Hayward Tyler (HAYT) has recently been “pleased to announce a series of contract wins, totalling in excess of £4.5m which… confirm that momentum is continuing to build”. However, the shares remain down on the year at a current 83.5p…

NCC Group – “Trading update” announcement a profit warning or not?, what day is 31 November 2016?

Published 824 days ago

Cyber security and risk mitigation group NCC (NCC) has updated on four month to 30th September organic revenue growth of 21% in an announcement that also includes that “rate of growth in profitability will now be more biased towards the second half of the year than initially expected, but remains in line with the board's expectations”. Hmmm...

Hayward Tyler – disappointing H1, but reckons still to meet full year expectations. Hmmm…

Published 824 days ago

Shares in specialist engineering group Hayward Tyler (HAYT) currently trade more than 10% lower, heading towards 80p, despite a trading update announcement including “management is positive in the group's ability to meet full year market expectations”. Hmmm…

Surface Transforms – full-year results; management ‘confident’ and ‘excited’, market response less so…

Published 834 days ago

Developer and manufacturer of carbon ceramic products for the brakes market, Surface Transforms (SCE) “is pleased to announce its preliminary results for the year ended 31 May 2016”. The shares are currently 7.5% lower, at below 25p, in response…

SpaceandPeople – half-year results suggest it’ll be profit warning ahoy!

Published 848 days ago

Shares in shopping centre and other high footfall venue promotional and retail company SpaceandPeople (SAL) currently trade approaching 30% lower, at well below 30p, on the back of its results for the first half of 2016. Let’s take a look…

Starcom – half-year results, “sufficient working capital”?

Published 867 days ago

“Starcom (STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people… (is) pleased to report the unaudited results for the six months period ended 30 June 2016”. The shares are currently more than 15% lower, at 3.375p, in response. Hmmm…

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

Published 918 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”...

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

Published 930 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…

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

Published 932 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…

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

Published 937 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”

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

Published 1011 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…

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