Results

Mothercare – “refinancing, restructuring and reorganising… to ensure a sustainable future”. Is there?

Published 1 day ago

Mothercare (MTC) has announced results for its year ended 30th March 2019, emphasising they reflecting “a huge amount this year, refinancing, restructuring and reorganising Mothercare to ensure a sustainable future for the business”. Is there?...

Fevertree – “encouraging operational progress” (what about trading?) & tough UK comparatives. Hmmm…

Published 1 day ago

Fevertree Drinks (FEVR) has updated noting some “further encouraging operational progress” and that “we remain confident in achieving board expectations for the full year ending 31 December 2019”. The shares have responded, er, currently towards 2700p – a few percent lower…

LPA Group – profit warning & contract wins; all becoming known to the company at the same time?!

Published 1 day ago

Previously writing on LED lighting and electro-mechanical systems group LPA (LPA), in March I concluded, with the shares at 114.5p, ahead of detail of just how much the first half has been ‘affected’, I’d suggest at best on the watchlist. I currently continue to avoid. Now an intra-day (3:43pm) update (uh oh), but it a “Trading Update & Contract Wins”. Hmmm…

Immedia – “secured a major AV contract”… so why the share price fall?

Published 2 days ago

“Multi-media content and digital solutions provider”, Immedia (IME) “is pleased to announce it has secured a major AV contract with a blue-chip integrated energy company with headquarters based in Aberdeen”. Its shares have currently responded to 22.5p – er, down more than 6%! Hmmm…

Tungsten – “achieved its first annual EBITDA profit”… but what about cash & the rest of the balance sheet?

Published 2 days ago

Business transaction platform company Tungsten (TUNG) is “pleased to announce that Tungsten achieved its first annual EBITDA profit… we are confident that through executing the actions identified in our operating review, including working with an e-procurement partner and expanding our AR e-invoicing services, we will be able to achieve higher revenue growth” – and the shares have responded higher above 38p. However, EBITDA is, of course, bullshit earnings and there’s a track record of disappointment to overcome…

Stilo International – I having warned again in March, “Trading Statement”…

Published 2 days ago

Writing on content software tools and cloud services business Stilo International (STL) following results in March, I questioned “significant financial overheads associated with being a public listed company” worth it? – and concluded, though the shares then down to 2.35p, to avoid / sell. Now, on the back of a “Trading Statement”, the shares are down at below 1.5p…

Coral Products – director share purchases... but inspiring confidence?

Published 3 days ago

“Coral Products plc (CRU), a specialist in the design, manufacture and supply of plastic products, announces that it was informed on 21 May 2019 that on that date Mick Wood, a director of the company, and Joe Grimmond, Non-Executive Chairman of the company, respectively purchased 37,037 ordinary shares and 50,000 ordinary shares in the company… In addition, Noelle Low, spouse of David Low, a non-executive director of the company, purchased 50,000 ordinary shares”. The shares have responded further higher, above 8p…

21st Century Technology – contract renewal ‘delight’… but reason to be wary of share price strength?

Published 3 days ago

Shares in passenger transport technology company 21st Century (C21) are currently more than 18% higher today, around 3p, on the back of a contract announcement. However, it’s a renewal of an existing framework agreement. Hmmm…

Accesso – AGM update reiterates full-year expectations... why are the shares at current levels?

Published 4 days ago

“Technology solutions provider to leisure, entertainment and cultural markets”, Accesso (ACSO) has updated including that it “is encouraged by the trading seen at this stage of the year and remains confident in the group's outlook” – and the shares have currently responded more than 3% higher above 800p, though that comparing to circa 3000p as recently as September. Hmmm…

Frontier Smart Technologies – “Termination of Discussions”… so why the share price rise?

Published 5 days ago

“Termination of Discussions and Holding in Company” announcement from Frontier Smart Technologies (FST) – and the shares are currently soaring, at above 25p, having previously closed at 14.75p. Hmmm…

Low & Bonar – “Trading Update” & “Change of Leadership”. Uh oh…

Published 5 days ago

“Trading Update” and “Change of Leadership” announcements from Low & Bonar (LWB). I’m guessing the former ain’t going to be good then!...

Bonmarche – majority shareholder offeror to “take a step back”… but will a return to profitability be delivered?

Published 9 days ago

Majority shareholder and offeror for women's clothing and accessories retailer Bonmarche (BON), Edinburgh Woollen Mill Group owner Philip Day’s Spectre Holdings, has updated that it “will now take a step back and see if the Bonmarché board can deliver on the plans and strategy it has set out”. Hmmm…

Safestyle UK – less than 2 months after “an encouraging start to the year”, AGM Statement…

Published 9 days ago

“UK focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market”, Safestyle UK (SFE) has updated commencing; “Following the progress made during H2 2018 in stabilising the business, phase two of our turnaround plan is now well underway. Our focus for phase two continues to be on recovering volumes and market share, restoring our operational effectiveness, reducing our costs and enhancing our margins. We remain on track to conclude this phase at the end of 2019 and then plan to move into phase three in 2020 which has a primary focus on accelerating our growth”. Sounds decent enough – and the shares have currently responded… er, to below 80p; circa 15% down!…

Be Heard Group – argues “a good start to the year”… but what about cash flow & the balance sheet?

Published 10 days ago

Previously writing on digital marketing services group Be Heard (BHRD), last year with the shares at 1.3p, I concluded that the shares are firmly on the bargepole list. Now an AGM update including “the group has had a good start to the year. For the first quarter, the group has experienced good revenue and Adjusted EBITDA growth, with the overall trading performance being ahead of both budget and last year. Moreover, we are becoming more confident regarding performance for the remainder of the year”. The update has helped the shares bounce to a current 1.05p…

Toople – interims, “cash… sufficient to allow business to continue with the growth plan”. Really?...

Published 10 days ago

Previously writing on provider of telecom services to UK SMEs Toople (TOOP), it was argues “tremendous progress”… but what about to that ‘positive cash flow generation’?. Today results for the company’s half-year ended 31st March 2019 argue “this has been an excellent six months for the company… Current trading is strong with another record month in April and a healthy new business pipeline… initiatives and our excellent product offering and customer service will, we believe, ultimately set us on the road to achieve our stated goal of long term future profitability”. The shares have currently responded, er, towards 0.50p – more than 7% lower…

Anyone fancy buying an Aston Martin Lagonda SUV to help the company make its numbers?

Published 10 days ago

Lots and lots of numbers out today but something that really stuck out to me was the quarter one update from Aston Martin Lagonda (AML), which floated less than a year ago above 1800p a share...and today is on sale only for a few percent above 800p a share. Now that is ugly from anyone's perspective…

Eagle Eye Solutions – News America Marketing partnership “exciting”… or an RNS Reach ramp?

Published 11 days ago

Shares in SaaS marketing technology group Eagle Eye Solutions (EYE) are currently approaching 7% higher on the day, above 160p, on the back of a partnership announcement with News America Marketing…

CML Microsystems – growing product portfolio & sales coverage driving ‘sales opportunity pipeline’ “significantly higher”, BUT…

Published 11 days ago

Semiconductors company CML Microsystems (CML) has updated commencing; “The company expects to report revenue for the full year of circa £28 million. This represents a decrease of 11% against the prior full year period which is marginally better than reported in the trading update announced on 1 February 2019. Unaudited full year figures show a profit before tax of close to £3m. The group retains a robust balance sheet with a net cash position of £12.8 million at 31 March 2019”. The shares currently remain below 300p, comparing to 440p as recently as January…

Portmeirion – after less than 2 months ago “we look forward into 2019 with confidence”, a “Trading Update”…

Published 11 days ago

PortmeirionSpodeWax LyricalRoyal Worcester and Pimpernel ceramics and home fragrances group Portmeirion (PMP) has updated on trading. With 21st March-announced results having included “we look forward into 2019 with confidence”, should be ok…

Dignity continues to struggle as the death rate slows

Published 12 days ago

The last time I wrote about the UK's largest funeral provider Dignity (DTY) back in March, I observed 'we cannot buck death...but you can continue to avoid Dignity's stock' due to all the challenges facing both the company and the sector. Today's first quarter update makes for continued grisly reading and - as I write - the share is down a further 6%...

TheWorks – like-for-like sales +3% & returns on new stores “particularly strong”... so why the share price slump?

Published 16 days ago

“TheWorks.co.uk plc (WRKS), the multi-channel value retailer of gifts, arts, crafts, toys, books and stationery, announces today a trading update covering the 52-week period to 28 April 2019… like-for-like sales growth of 3.0%... Returns on new stores in the period have been particularly strong”… And a current approaching 20% share price decline, below 100p?...

Bonmarche – offer “unattractive when compared to the shareholder value that the… directors aim to create”. Hmmm…

Published 17 days ago

Last month I wrote on women's clothing and accessories retailer Bonmarche (BON) cash offer, so was I wrong?.... It has now issued an offer response circular…

PCI-PAL – “Extends Global Cloud Beyond UK & US”; a conveniently timed announcement?

Published 17 days ago

Shares in “secure payments provider” PCI-PAL (PCIP) are currently more than 5% higher today, above 20p, on the back of an announcement; “PCI Pal Extends Global Cloud Beyond UK & US”

Van Elle – after another profit warning last month, “Directorate Change”…

Published 17 days ago

Last month geotechnical engineering company Van Elle (VANL) updated including then current-year performance below expectations but that it “continues to make good progress on its transition plan” and that “momentum entering the new year underpins the board's confidence in the prospects for the group”. Today a “Directorate Change” announcement…

John Lewis Of Hungerford – H2 sales “expected to be approximately 10% ahead”… so why are the shares more than 10% down?

Published 18 days ago

“Trading Update” from John Lewis Of Hungerford (JLH) commences that “we remain confident that the business continues to trade positively with deposits taken tracking ahead of those taken in the same period in the prior year” and also includes “sales for the second half are expected to be approximately 10% ahead of the prior year”. The shares have responded… er, currently to below 0.6p – more than 11% lower!...

Now the Big Deal's Off, What Will Happen to Your Sainsbury Shares?

Published 19 days ago

Hello, Share Triers. Sainsbury (SBRY) has been in the news lately. Unfortunately, that news was worthless in the end. The powers-that-be decided that food bills could rise if a merger went ahead with Asda. So all bets are off...

7digital – shares soar on Denmark assets sale… but that transaction sufficient?

Published 22 days ago

Having first cautioned on 7digital (7DIG) a couple of years ago with the shares at 6.75p, they’re currently 0.60p. However, that compares to sub 0.20p previously sunk to – before a “7digital agrees sale of Denmark assets to TDC” announcement…

MySale – ‘a key step in accelerating strategy’. Really?

Published 22 days ago

Online retailer MySale (MYSL) has announced what CEO Carl Jackson argues is “a key step in accelerating our 'ANZ First' strategy, which looks to optimise our scale, resources and market position in the region. With this more streamlined and focused approach, we can provide an improved offering for both our customers and brand partners”. The market is though unconvinced – the shares currently still at 13.575p, down from approaching 40p as recently as December…

DP Poland – argues “been effective at driving sales”… but what does it mean financially?

Published 22 days ago

The company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) has updated including “our marketing campaign featuring Damian Kordas launched in the second half of January and has been effective at driving sales, as has our trial partnership with food delivery aggregator Pyszne”. The shares have responded higher to 9p – but that still comparing to even a start of 2019 more than 12p…

Intu Properties – continue to avoid after another shocker

Published 22 days ago

I have been a long-term bear on Intu Properties (INTU) and have not been surprised to see over the last few months a variety of corporate challenges which have justified the continued fall of the share price. Let's face it: being the owner of shopping centres is kind of obviously not an easy business to be involved with currently…

ULS Technology – “market headwinds”, argues “investment in the business will help to insulate”. Will it?...

Published 24 days ago

Provider of online B2B platforms for the UK conveyancing and financial intermediary markets, ULS Technology (ULS) has updated including of “a strong gross margin performance… continues to generate strong cash flow… maintain the group's policy of paying a progressive dividend”. So why are the shares currently, on the back of the update, at 70p – 9% lower?...

Tekmar Group – having IPO’d less than 11 months ago ‘in line with expectations’… or not?

Published 26 days ago

With the shares down from a 130p per share June 2018 AIM IPO, now a “Notice of Results and Trading Update” from subsea protection equipment group Tekmar (TGP)...

Trakm8 – “positive adjusted profit for the second half”… so at least close to net cash generation then? Er…

Published 26 days ago

Telematics and data supplier Trakm8 (TRAK) commences a trading update for its year ended 31st March 2019 with that it “met current market expectations… achieved a positive adjusted profit for the second half” and the announcement includes “at the period end contracts were secured with Ingenie… and another one of the UK's innovative insurance providers. Post year end Trakm8 signed a contract with another new insurance provider… The number of roadside assistance customers deploying Trakm8 solutions across Europe has increased to 7 and the product has been launched in Australia. In the Fleet space new contracts were secured with a number of medium sized fleets”. Good news then?...

Nexus Infrastructure – from less than 5 months ago “strong order book provides forward earnings visibility” to…

Published 26 days ago

Less than two years ago provider of infrastructure services to the UK housebuilding and commercial sectors, Nexus Infrastructure (NEXS) was, at 185p per share, “delighted to announce the successful completion of our IPO on the AIM Market… as a quoted company we look forward to the future with confidence”. The company’s December 2018-announced results were headlined “Delivery of profits in line with management expectations and strong order book provides forward earnings visibility” – and now a “Trading Update and Notice of Results”

Van Elle – “the business continues to make good progress on its transition plan”… does it?

Published 29 days ago

Geotechnical engineering company Van Elle (VANL) has updated commencing, “The business continues to make good progress on its transition plan, announced in January”. The shares have responded higher – but a still sub 50p share price compares to 80p at the start of 2019…

Synnovia – follows “broadly in line” February update with profit & accounts disappointment

Published 30 days ago

Writing on industrial components and consumables manufacturer Synnovia (SYN) - Plastics Capital as was - in February, I questioned is a 10%+ forecast reduction really “broadly in line”?!. Now a “Trading Update and Restatement of Accounts”. Uh oh…

Ascent Resources – and there’s the placing as it exploits permit ‘delight’

Published 31 days ago

Ascent Resources (AST) “is pleased to announce that it has completed an oversubscribed placing of 214,285,714 ordinary shares… with a small number of institutional investors. The placing was conducted at a price of 0.35 pence per share”Particular credit to Evil Banksta – and the company “pleased to announce”, with the price a 30% discount to the prior close?! (“oversubscribed” not exactly an achievement then!)...

Zinc Media – again an RNS it’s “pleased” with… but what about positivity showing in the financials?

Published 32 days ago

TV and multimedia content producer, Zinc Media (ZIN) “is pleased to confirm that Mark Browning has joined the business as Chief Executive Officer… brings many years of leadership, experience and a clear track record of successfully managing significant growth in the TV production and media sectors and joins the company from ITN Productions, where he most recently acted as Group Managing Director”, with Browning seeing “plenty of growth potential in the TV businesses, both domestically and internationally, and through Zinc Media's digital arm”. Potential then, with the shares having sunk to 0.3p from towards 0.70p when I last wrote?...

Angling Direct – argues “strategic focus on customer experience and service, as well as positioning our stores”… but what about investors?

Published 32 days ago

“New Store Opening and Trading Update” from fishing tackle and equipment retailer Angling Direct (ANG), which the company “is pleased to announce” and sees CEO Darren Bailey “very excited to have opened our Nottingham store” and also stating “whilst other areas of the retail sector may be experiencing difficulties, we are delighted that our strategic focus on customer experience and service, as well as positioning our stores in the correct locations, is driving our growth and brand value”. Great news then?...

Fusion Antibodies – emphasises second half improvement… why a muted share price response?

Published 37 days ago

“Fusion Antibodies plc (AIM: FAB), a pharmaceutical contract research organisation specialising in antibody engineering services, provides a business and unaudited trading update for year ended 31 March 2019, confirming the improvement in second half performance announced on 25 February 2019”. Sounds positive – though despite being down from more than 100p in August and even a start of 2019 more than 50p, the shares nudging up to only 30p?...

Pendragon – update suggests ‘operational and financial prospects’ review ain’t going to be positive

Published 37 days ago

“Directorate Change” announcement follows an “Interim Management Statement” from automotive retailer Pendragon (PDG) – and the shares, at around 23p, are currently more than 10% below levels of earlier this week…

Starcom – placing “to pursue a more aggressive marketing strategy”… or not?

Published 37 days ago

Provider of wireless solutions for remote tracking, monitoring and protection, Starcom (STAR) “is pleased to announce that the company has conditionally raised £637,500… at a price of 1.25 pence per subscription share”. The market is not pleased – the shares currently more than 20% lower in response…

Carclo – from “convinced” COO “will successfully lead the group's operations in making sustained improvements” to role “eliminated” within 2 months – and worse…

Published 38 days ago

Previously writing on “manufacturer of fine tolerance injection moulded plastic parts mainly for the medical, automotive lighting and optics markets” Carclo (CAR), I concluded in January, with the shares then down to 55p, that the current result is a mess – and hopefully my prior caution was heeded. Still an avoid / sell. Now a “Year-End Trading Update” – and the shares currently down to around 20p!...

Bunzl – the big yawn has a relative shocker

Published 39 days ago

Thanks to the excellent ShareProphets search functionality, I can see that I last (and initially) wrote on the international distribution company Bunzl (BNZL) last August. Within that article I also shared the useful information that apparently to 'bunzl' someone is 'to prank someone gently, randomly, and inexplicably'. Today's double-digit percentage dump by a company beloved by dividend munchers and earnest (but very boring) fund manager types is very, very out of character...

Tex Holdings – “Update on Trading” three and a half months after year-end… and at 4:55pm!

Published 39 days ago

A yesterday after-market-close, 4:55pm, “Update on Trading” from plastic injection moulding and tooling, engineering products and boards and panels manufacturing group Tex Holdings (TXH). I’m guessing it ain’t going to be a positive one…

Ascent Resources – permit ‘delight’… but still more needed

Published 40 days ago

Ascent Resources (AST) has updated that the “crucially important” IPPC permit has been confirmed by the Slovenian Environment Agency to the company’s partners “as fully valid, no further appeals against the permit are possible” – and shares in the company have currently responded to 0.625p, 25% higher…

Instem – “as a result of strong institutional investor demand”, ‘long term shareholders’ including directors sell… at a good price then?

Published 44 days ago

Provider of IT services to the life sciences market, Instem (INS) has announced shareholders including the DG 2008 Discretionary Settlement (of which Chairman David Gare and his wife are trustees) and non-executive director David Sherwin have sold shares… “as a result of strong institutional investor demand following our recent results”. With such demand seemingly unable to be met by the market, a good price in relation to a last close 330p share price then?...

7digital Group – loan notes redemption notice further accelerates the cash crunch ahoy!

Published 44 days ago

Having earlier this week updated including “the board's current view is that the business will require material further equity and/or debt funding in the next quarter without which the company would be unable to continue as a going concern”, now an “Early Redemption of Loan Notes” announcement from 7digital Group (7DIG). Uh oh…

Gooch & Housego – announces “in line with management's expectations”… but not with expectations less than 6 weeks before the period-end!

Published 46 days ago

“Gooch & Housego PLC (AIM: GHH), the specialist manufacturer of photonic components & systems, announces that trading in the six months to 31 March 2019 was in line with management's expectations”. But I note an 1150p share price is down from approaching 1900p in October and more than 1500p as recently as February. Hmmm…

7digital Group – I having previously suggested results won’t be pretty & financial distress... “Business Update”…

Published 47 days ago

Previously writing on self-styled “global leader in B2B end-to-end digital music solutions” 7digital (7DIG) in January it was “pleased to confirm” restructuring completion… but much it shouldn’t be pleased to confirm! – as the shares slumped below 1p… and still I concluded, I suggest “a detailed statement of the expected out-turn for 2018 once accounting issues related to the restructuring and revenue recognition under IFRS 15 have been resolved” won’t be pretty. That there’s the restructuring with “several operations and offices have been closed or discontinued and staff numbers reduced in all locations” and the HMRC situation of circa £0.417 million seemingly relying on expected receipts, also suggest financial distress – and hopefully my prior warnings were heeded. Natch, still a sell / avoid. Now a“Business Update”

LightwaveRF – trading update ‘delight’… but revenue is vanity…

Published 48 days ago

CEO of self-styled “leading smart home solutions provider” LightwaveRF (LWRF), Jason Elliott, is “delighted that Lightwave has maintained the momentum of significantly improved revenue in the quarter” – and the shares have currently responded back above 8p, 10% higher…

K3 Capital – from in January “confidence in outlook for the full year” to…

Published 51 days ago

“Trading Update” from business and company sales specialist in the UK, K3 Capital (K3C)… and the shares currently at 135p in response – down more than 15%. Uh oh…

HSS Hire – 2018 results, “significant progress”?

Published 52 days ago

Previously writing on UK and Ireland tool and equipment hire and related services provider HSS Hire (HSS) in November with its shares at 33p, I concluded at least until there’s more concrete evidence of why to have confidence in the sustainability of the balance sheet, I’ll retain this on the bargepole list. Today results for the company’s year ended 29th December 2018 emphasising “we made significant progress against our strategic priorities and delivered the highest adjusted total EBITDA in the group's history” – and the shares are currently just above 35p…

Photo-Me – having had a reliance on a swift about-turn from “large order lags”, surprise, surprise…

Published 53 days ago

In December I again cautioned on instant-service vending equipment provider Photo-Me International (PHTM), noting a reliance on a swift about-turn from “large order lags” in the current macro climate as the shares headed below 100p. Now, with the company’s year ending this month, a trading update…

Bonmarche – cash offer, so was I wrong?...

Published 54 days ago

Last month I concluded on women's clothing and accessories retailer Bonmarche (BON) that its bank facility “expected to be sufficient to meet liquidity requirements” in conjunction with the noted severe trading deterioration in just a matter of months continues to make this uninvestable to me. Avoid / sell. Today a cash offer for the company from Edinburgh Woollen Mill owner Philip Day (via Spectre Holdings Limited). So was I wrong?...

Workspace's CEO exits...just as you should be doing with the stock

Published 54 days ago

I hope many of you enjoyed the UK Investor Show last Saturday. Some of you may even have seen my interview with commercial property investor Nick Leslau where we batted around some of the key issues impacting the sector as well as the retail space and related matters such as Brexit. Nick's steer to private investors listening was very clear: be very careful in the space. I was thinking about some of his comments when I saw today's announcement from Workspace (WKP), which I have written about a couple of times before (most recently HERE)…

Low & Bonar – warns on current trading, ‘expects improving trend during remainder of year’ BUT…

Published 55 days ago

Announcing a £54 million equity raise at 15p per share towards the end of January, Low & Bonar (LWB) emphasised “a number of key strategic initiatives to drive sustainable improvement in the group's performance and financial position were implemented during Financial Year 2018. Progress has been made in all of these areas… Further initiatives will be implemented during Financial Year 2019 and the board is confident that these actions will build a stronger business and one capable of delivering sustainable growth and attractive, sustainable returns”. Today a “Trading Update”

Idox – “pleased” at ‘trading in line’… but also identifies “a number of irregularities in historic customer contracts”!

Published 57 days ago

“Idox plc (AIM: IDOX), a leading supplier of specialist information management solutions and services… remains confident in the prospects for the business and is pleased to confirm that the group continues to trade in line with market expectations”. The shares are though currently lower, below 37p…

Dignity puts a brave face on more reasons why it has to eat its own profit margins

Published 59 days ago

Fresh from a brief trip north of the Watford Gap - from which I somehow returned without any obvious injuries or ailments - I see that my old pal Dignity (DTY) has puckered up another news update...and it confirms that life for the UK's only listed provider of funeral related services remains very difficult...

CloudCall – results argue “a high degree of confidence in the future”… so why the share price fall?

Published 59 days ago

“CloudCall (AIM: CALL), a leading cloud-based software business that integrates communications technology into customer relationship management platforms, is pleased to announce its audited full year results for the year ended 31 December 2018” and its CEO Simon Cleaver considers “having effectively removed some of the cash constraints from the business with successful placings in late 2017 and early 2019, we are well placed to deliver on our growth plans with a high degree of confidence in the future”. So why have the shares responded to 86.5p, approaching 17% lower?...

DP Poland – 2018 “24% increase in System Sales, 18% growth in revenue”… so why continued share price decline?

Published 60 days ago

The company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) has announced 2018 results emphasising “24% increase in System Sales, 18% growth in revenue, 66 stores open to-date”“the share placing completed at the end of February gives the business the requisite funds for further corporate store openings and investment in sales and marketing… we have launched an innovative marketing campaign for 2019” and “we are trialling a partnership with the largest delivery aggregator, Pyszne (Takeaway.com) and early signs of significant incremental sales look promising”. However, already down from more than 20p as recently as December, the shares are currently further lower at around 8p…

Coral Products – from “confident” less than 4 months ago & “exciting time” less than 2 weeks ago… to a “materially below” warning!

Published 61 days ago

Late November-announced half-year results saw Joe Grimmond, Chairman of “specialist in the design, manufacture and supply of plastic products” Coral Products (CRU), emphasise “delighted with the performance of the business in the first half… I am pleased to report that results to date are well ahead of the same period last year and that, in spite of the prevailing uncertainties of Brexit we remain confident of the groups future prospects”. And less than two weeks ago CEO Mick Wood was emphasising “it is an exciting time at Coral… we are proud to introduce a bespoke recycling unit into our business… confident that this recycling unit will help propel our business forward”. No worries for a trading update today then…

MediaZest – a “pleased to provide” trading update. Good news then? Er…

Published 61 days ago

Previously writing on MediaZest (MDZ) last month, I commented contradictions everywhere – including that it “continues to make progress”. Now a “Trading Update”

SpaceandPeople – “look forward to 2019 with confidence”… but then for 2018…

Published 62 days ago

Promotional and retail licensing space company SpaceandPeople (SAL) has announced 2018 results and that “since the end of 2018 we have been awarded a new, multi-year contract with Hammerson in the UK, and our investment in venue development personnel is delivering a good new venues pipeline in the UK” and “as a result of the improved margins and reduced overheads across the two German divisions we are confident they will deliver a positive contribution to group cash flow in 2019”. The shares have currently responded… er, to 12p – more than 17% lower!...

Majestic Wine – “release capital from Majestic without erosion of shareholder value”. Really?

Published 62 days ago

Notifiable short interest has re-emerged in Majestic Wine (WINE) since the start of 2019 – and now a “Group Transformation Plan”

Starcom – customer planning for larger orders? Hmmm…

Published 64 days ago

Provider of wireless solutions for remote tracking, monitoring and protection, Starcom (STAR) is “pleased to see WIMC indicating satisfaction with Tetis and planning for larger potential orders” – and its shares have currently responded slightly higher, to 1.275p…

Integumen – as the shares slide… an RNS Reach. Hmmm…

Published 65 days ago

Previously writing on Integumen (SKIN) last week it was issues a speeding ticket… the shares go still faster! – they then heading towards 2.40p. They went on to more than 2.50p, before this week falling back – and today a further ‘Labskin’ update…

Xaar – 2018 results, “strong portfolio” to deliver benefits to shareholders?

Published 66 days ago

Inkjet printing technology company Xaar (XAR) has announced 2018 results including “we are confident that the transformation we are undergoing will lead us to become a more diversified and customer-centric organisation, with an appropriate balance between established and developing technologies. We remain focused on delivering the benefits of our strong portfolio and technology advantages to shareholders”. The shares have responded, er… further lower, below 115p…

LPA Group – “work load for the second half and the medium term potentially very pleasing”, but…

Published 66 days ago

LED lighting and electro-mechanical systems group LPA (LPA) is a former tip, though one which was sold on the N50 website at 107p last summer as it noted “successive changes in Government procurement policy have impacted domestic supply chains for both new and refurbished trains and there is increased competition in our Asian markets”. The shares would later fall below 100p and closed yesterday at 103.5p before today an “AGM Trading Update”

Tasty – results the Chairman is “pleased to be reporting”… why the further 20%+ share price fall then?

Published 66 days ago

Tasty (TAST) Chairman Keith Lassman states “I am pleased to be reporting on the group's annual results for the 52 week period ended 30 December 2018”. The shares have responded currently to 6.5p – 23.5% lower!...

Stilo International – 2018 results, “significant financial overheads associated with being a public listed company” worth it?

Published 73 days ago

Previously writing on content software tools and cloud services business Stilo International (STL), it was I having previously questioned capable of delivering sufficient growth?, half-year results…. Today 2018 full-year results including “as we look forward to growing future sales, supported by healthy cash reserves and a strong balance sheet, I am pleased to announce the payment of an increased final dividend of 0.06 pence per share, providing a total dividend for the year of 0.12 pence” (2017: 0.10p) – the shares have though currently responded to 2.35p – down 17.5%!...

Paragon Entertainment – “pleased to announce” share subscription… but is it sufficient?

Published 73 days ago

Writing on Paragon Entertainment (PEL) last month I noted it “looking closely at ways of bringing longer term capital into the business” – though concluded at what price?… Now sub 1p, still an avoid / sell. Today a “Subscription” announcement…

Cineworld – go to a film but avoid the stock

Published 73 days ago

Judging by today's five percentage plus share price move, my cautious call on the big M&A splurge in the United States about fifteen months ago by Cineworld (CINE) is not looking so hot. Of course punch up a two or three year share price chart and you also immediately see the distorting (and dilutive) impact of the big money raising that accompanied the Regal deal...

Driver Group – a great opportunity for the directors to materially buy shares in what they state is “a leading global player”? Er…

Published 74 days ago

Writing on professional services consultancy to the construction and engineering industries, Driver Group (DRV) on Monday it was from “transformative turnaround” to profit warning… in 3 months! – and the shares closed at 52p, having been above 70p last week (though with a noticeable fall on the Friday – hmmm!) and above 80p in December. There’s now since followed three “Director dealing” announcements…

Integumen – issues a speeding ticket… the shares go still faster!

Published 74 days ago

“Share Price Movement” announcement from ‘Labskin’ technology company Integumen (SKIN) – this including “the transformation of the company has been swift since new management took over in August 2018… part of Integumen's growth strategy involves actively pursuing a broader portfolio of services, that contribute to increased revenues per client, through existing revenue shared collaboration and acquisition options that include, data analytics, software and biophysics integration services. The company is currently involved in a number of such discussions”… and the shares are currently higher today, towards 2.40p…

Xaar – “Trading Update”, problems behind it… or are they?

Published 76 days ago

“Xaar plc (XAR), a world leader in industrial inkjet technology, provides an update in advance of its forthcoming preliminary results”. This including “the integration issues experienced leading to the delays are now behind us and sell-through is expected to increase. Furthermore, the minimum volume commitments from our supplier have now been met. The company will announce its preliminary results on 21 March 2019 at which time it will also provide an update on its review of strategic options for more extensive partnering in the Printhead business unit”. Having also provided a trading update on 28th December, why a current 6% share price fall today though, to below 130?...

Redde – intra-day “Contract Update”, surely not ANOTHER disaster for Neil Woodford?!

Published 78 days ago

“Accident management and legal services” company Redde (REDD) has made an intra-day (12:18pm) “Contract Update” announcement. I’m guessing this ain’t going to be good news…

Brave Bison – update as shares a further 6.5% higher on RNS Reach announcement!

Published 79 days ago

Brave Bison (BBSN) is “delighted” with a deal with The PGA Tour to “include YouTube channel management, digital rights management, and content strategy development”… and the shares have currently responded a further 6.5% higher, to 3.3p…

United Carpets – “confident that the fundamentals of the business remain sound”. Hmmm…

Published 80 days ago

Writing on “the third largest chain of specialist retail carpet and floor covering stores in the UK”, United Carpets (UCG) in September I noted that it attempts to mitigate that it “believes the business is well positioned for future trading” but asked half-year results including a formal profit warning ahoy?. Those December-announced results though included “recent trading performance has shown some more encouraging signs which, if sustained, should result in a better second half result and a reasonable outcome for the year”. Today a “Trading Statement”

Swallowfield – interims, ‘believes full-year will be broadly in line’. Hmmm...

Published 81 days ago

Swallowfield (SWL) has announced interim results including that “we... believe results will be broadly in line with market expectations for the full year demonstrating profitable growth”“Broadly in line” usually is slightly behind but with still “profitable growth” is an 11.5% share price dump, to 172.5p, justified?...

Directa Plus – “honoured” & “excited” by contract win. But…

Published 83 days ago

Directa Plus (DCTA) is “honoured to be working with Loro Piana to incorporate Directa Plus's innovative G+ Graphene technology into some of their fabrics and garments” – and the shares have responded higher, back above 60p…

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

Published 86 days ago

Revolution Bars (RBG) has announced results for its half-year ended 29th December 2018, including revenue up over 6% to £78.5 million and that one of its brands, “Revolution has been reviewed, the issues identified, and workstreams are being implemented to restore it to growth. Our confidence in achieving this is underpinned by the good performance of the new Revolution venues, while the recently refurbished sites are also seeing uplifts”. The shares have responded currently to 66p... approaching 17% down on the day…

Dillistone – “current year has begun well” & an update it states it’s “pleased to provide”… so why the share price dive?

Published 87 days ago

Shares in Dillistone Group (DSG) are currently down noticeably today – towards 40p. Earlier in the week they were rising towards 60p – but then yesterday an intra-day (3:30pm) “Trading Statement, Update & Notice of Results”

Beeks Financial Cloud – “confident in delivering a successful outcome for the year ahead”… so why the 20%+ share price slide?

Published 87 days ago

“Beeks Financial Cloud Group plc (AIM: BKS), a niche cloud computing and connectivity provider for financial markets, is pleased to announce its unaudited results for the six months ended 31 December 2018” and CEO Gordon McArthur concludes “with an established and growing customer base, high levels of recurring revenue and strong market drivers, we are confident in delivering a successful outcome for the year ahead”. The shares have responded, er… to around 100p – more than 20% lower!...

Image Scan Holdings – argues expects FY to meet expectations after H1 is “behind”. Hmmm...

Published 88 days ago

A trading update from X-ray screening systems company, Image Scan Holdings (IGE) concludes that “the company expects to achieve market expectations for the full year” and includes “significant new channel partners have been appointed in South America and Europe… A tour of South America produced a strong pipeline of opportunities”. The shares have responded… er, currently approaching 20% lower, to comfortably sub 2p!...

Hotel Chocolat – “pleased to report continued progress”… but sufficient for the valuation?

Published 88 days ago

Angus Thirlwell, co-founder and CEO of “premium British chocolatier and omni-channel retailer”, Hotel Chocolat (HOTC) is “pleased to report continued progress for the Hotel Chocolat brand during the 26 weeks to 30 December 2018” – and the shares have responded currently approaching 3% higher to 315p. How do the results and outlook compare to a present more than £355 million market cap?...

XLMedia – from “growth potential in media activities” to “strategic shift away from Media”… in just 5 months!

Published 89 days ago

Digital marketing company XLMedia (XLM) has updated including that it “has identified a number of Publishing growth opportunities in North America… in order to best capitalise on the opportunities available, the board has taken the decision to proactively reduce all the group's non-core, lower margin Media activities”. The shares have responded… er, currently more than 30% lower to below 55p. Hmmm…

DeepMatter Group – with the dilution, why a larger placing?

Published 89 days ago

An announcement from DeepMatter Group (DMTR) commencing; “Further to its announcement dated 20 December 2018, DeepMatter, the AIM-listed company focusing on digitizing chemistry, is pleased to announce that it has raised approximately £4.0 million by way of a placing of 159,185,680 new ordinary shares at 2.5 pence per share”. Hmmm – the shares have currently responded 17.5% lower…

Fusion Antibodies – “materially below current market expectations” adds to “significantly behind” expectations from earlier in the year!

Published 90 days ago

“Fusion Antibodies plc (AIM: FAB), a pharmaceutical contract research organisation specialising in antibody engineering services, provides an update on the company's trading and progress to date in the current financial year ending 31 March 2019”. This is a company which listed in December 2017, with house broker Allenby Capital looking for revenue of £3.2 million for the company’s year ended 31st March 2018 and breaking into profit on revenue of £5.6 million for the now current year…

Paragon Entertainment – “Property Disposal” announcement... which is far from just a “Property Disposal” announcement!

Published 92 days ago

Previously writing on Paragon Entertainment (PEL) it was December intra-day (2:15pm) “Trading Update”. Uh oh…. Now an intra-day (1:29pm) “Property Disposal” announcement. Surely this one just a routine announcement though?...

MediaZest – placing announcement, contradictions everywhere!

Published 93 days ago

Previously writing on audio-visual marketing company MediaZest (MDZ) in September I questioned it arguing “strong performance”. Today a placing announcement…

Greggs – earnings upgrade & further upgrade potential… but this valuation?

Published 94 days ago

Following a trading update yesterday which helped the shares up from circa 1600p towards 1800p, shares in “the leading bakery food-on-the-go retailer in the UK, with over 1,950 retail outlets throughout the country”, Greggs (GRG) currently remain above 1750p following research updates…

Transense Technologies – “Significant iTrack Order” & “very substantial” sales… Or ramptastic?

Published 95 days ago

Not just an iTrack order, but a “Significant iTrack Order” emphasised by Transense Technologies (TRT) earlier this week – and the shares now up from a last week close of 52.55p to almost 70p. However, I previously wrote “GE Aviation Contract Win” announcement sparks shares… but reasons for caution?

Synnovia (Plastics Capital as was) – trading statement; is a 10%+ forecast reduction really “broadly in line”?!

Published 96 days ago

A trading statement from industrial components and consumables manufacturer Synnovia (SYN) - until recently Plastics Capital plc - commences that it “expects trading for the financial year ending 31 March 2019 to be broadly in line with market expectations” and includes “significant organic growth continues to be achieved across both our divisions” and “the change of the company's name to Synnovia plc has seen a smooth transition and is acting as a strong signal to our organisation to do everything reasonably possible to reduce, recycle and re-use plastic waste”. The shares have responded currently, er,… more than 8% lower, back towards 100p…

Footasylum – shares sprint ahead on JD Sports move… but what about trading tripping-up badly?

Published 96 days ago

An “Acquisition of stake by JD Sports Fashion Plc” (JD.) – and a 90% increase in the share price of Footasylum (FOOT) yesterday, to 55.2p. That though still compares to a 164p AIM IPO in just November 2017 – so there value here?...

McColl's shares have been marked down by over 75%...but I am still leaving them on the shelf

Published 97 days ago

Back in early December I expressed my pessimism about the shares of convenience store operator McColl's (MCLS), which have sunk from around 250p a year ago to around the 55p level today. Today's numbers are striking in the sense that everything remains difficult...but inevitably it remains hopeful…

DP Poland – “Broker Option Update” = incredible further contempt for diluted smaller investors who’ve seen the share price destroyed

Published 100 days ago

DP Poland (DPP) “is pleased to announce that it has conditionally raised additional gross proceeds of approximately £0.5 million via the broker option”“Pleased to announce”, really?!?...

Norman Broadbent – argues “significant progress towards a return to profitability”… but quick enough?

Published 102 days ago

A trading update from executive recruitment and services company Norman Broadbent (NBB) commences emphasising “Significant progress towards a return to profitability” – and the shares have currently responded more than 6% higher, towards 13p…

DP Poland – trading underperformance, massively discounted bailout placing… CEO “step down… by mutual agreement”!?

Published 108 days ago

I’ve consistently warned on DP Poland (DPP) – most recently last year with the shares at around 30p HERE. Today a “Proposed Placing, Board Change & Trading Update” announcement…

Ocado – fire incident “now under control”, but having expanded last night

Published 109 days ago

Having announced yesterday lunchtime that “a fire started in a section of the ambient grid of our Andover CFC… The incident and the measures being taken to contain it appears to have affected a proportion of the mechanical handling equipment and some of the grid… Andover suspended operation this morning preventing further fulfilment of orders”, a further update today from Ocado (OCDO) commences; “Unfortunately the fire which started yesterday morning in a corner of the ambient grid was not contained as we believed, and last night expanded”...

Parity Group – “Trading Statement”; following profit-warning impacted 2018…

Published 110 days ago

“Trading Statement” from “technology focussed consultancy and staffing business”, Parity Group (PTY) – and the shares currently slightly ahead, closer to 7p. Good news then? Well, they were close to 10p at the start of November and more than 15p in the summer…

CML Microsystems – having stated only in November “full year advance in profitability remains likely”, now…

Published 114 days ago

A 20th November-announced half-year report from semiconductors company CML Microsystems (CML) included “it currently looks challenging for second half revenues to show material improvement over the first six months although at the profit before tax level, the impact is expected to be less pronounced due to the anticipated product mix. Therefore, a full year advance in profitability remains likely, in-line with market expectations”. Today a “Trading Update” – and the shares currently more than 20% lower on the back of it, towards 340p…

Gama Aviation – after warning to expect profit “$3m below” in October… it’s at it again!

Published 122 days ago

Towards the end of October, previously updating on Gama Aviation (GMAA) it was from “expectations for the full year remain unchanged” to expects “$3m below” in just 5 weeks! – and the shares approaching 18% lower, at 125p. I warned still to avoid – and today a “2018 Full Year Update and 2019 Outlook”

Hotel Chocolat – argues “another strong Christmas”, but how’s the outlook v. the valuation?

Published 123 days ago

“Premium British chocolatier and omni-channel retailer”, Hotel Chocolat (HOTC) has updated on the 13 weeks ended 30th December including “this was another strong Christmas for Hotel Chocolat” and adding “trading since December continues to be in line with management's expectations”. What are expectations though?, and how do they compare to the valuation? – the shares currently circa 5% higher on the day, above 280p – capitalising the company at approaching £320 million…

Eagle Eye Solutions – “delighted” on H1 & growth expected to continue into H2… but what about that cash burn?

Published 123 days ago

Eagle Eye Solutions (EYE) has updated on trading including “we are delighted to confirm a strong first half of the year, delivering significant revenue growth and expansion of the customer base, including the addition of Waitrose and Burger King” and “the growth in revenues and volumes is expected to continue into H2”. The shares have not responded excitedly though – currently unchanged at 172.5p…

Dillistone – “Major Contract Award & GatedTalent Update”; Ramptastic?

Published 123 days ago

I cautioned on shares in recruitment software and services group Dillistone (DSG) as they fell towards 70p in 2017 and have done so numerous times since. They’d fallen to 42.5p recently, but are currently more than 20% higher, back above 50p, on the back of a “Major Contract Award & GatedTalent Update” announcement…

William Hill May Recover Higher Profits - But I Probably Wouldn't Bet on it

Published 123 days ago

Hello Share Trundlers. Though I’m a client of William Hill (WMH), I don’t buy shares in bookmakers. That’s cos I think they can bring unhappiness to those who go beyond betting as a bit of fun. But even if I was the world’s greatest fan of betting companies, I would currently avoid William Hill shares...

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

Published 124 days ago

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

Cloudcall – 2018 ‘a standout year in terms of innovation, platform investment and sales & marketing capabilities’… so cash burn?

Published 127 days ago

Shares in ‘cloud integrator of communications technology into customer relationship management platforms’, Cloudcall (CALL) are currently lower today, but still comfortably ahead of the sub 93p they were at prior to a recent “Trading Statement”

ECSC Group – “Managed Services Contract Win” RNS Reach, time for an attempted ramparoonie?

Published 128 days ago

“Managed Services Contract Win” from ECSC Group (ECSC) – and the shares have responded more than 10% higher to 77.5p. But it’s an RNS Reach - i.e. “non-regulatory news releases such as marketing messages, corporate and product information” - announcement. Hmmm…

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

Published 129 days ago

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

Finsbury Food – half-year like-for-like sales up… so why are the shares more than 10% down?

Published 129 days ago

“Pre-Close Trading Update” from ‘bakery goods’ manufacturer Finsbury Food (FIF) notes like-for-like sales revenue slightly higher, its “strategic diversification” and that it “is well placed to continue to drive efficiency, deliver innovation and maintain its leading position in the market”. So why a current more than 10% share price fall on the back of the update, towards 80p?...

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

Published 130 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…

Seeing Machines – “Half year trading update”, surely useful insight into whether really well placed financially then…

Published 130 days ago

Writing on Seeing Machines (SEE) in November, I questioned is it really “very well placed” financially to leverage developments?. Now a “Half year trading update” – surely some useful further insight into that key question then…

boohoo – argues “strong growth”… so why a strong share price response…down?

Published 131 days ago

“Trading Update” for the four months ended 31st December from boohoo (BOO) emphasises “Strong revenue growth of 44% (43% in constant exchange rates) across all geographic regions” (to £328.2 million), “Gross margin for the four months 54.2%, up 170bps” and “Strong balance sheet with net cash of £189 million (31 December 2017: £127 million)”. The shares have currently responded, er... more than 7% lower towards 180p…

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

Published 131 days ago

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

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

Published 131 days ago

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

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

Published 135 days ago

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

Topps Tiles – trading update, consumer confidence & spending caution?

Published 137 days ago

A trading statement from Topps Tiles (TPT) includes “our strategy of ‘out specialising the specialists’ continues to serve us well” and “we continue to make good progress with our plans for commercial and our strategy of ‘disrupt and construct’ is proving successful”. However, a sub 65p share price compares to more than 90p in early 2018…

Eagle Eye Solutions – why the director share buys? (& attempted no-one watching o’clock share options disgrace)

Published 137 days ago

Last week I noted “Appointment of Joint Broker” by Eagle Eye Solutions (EYE). Now a “Director/PDMR Shareholding” announcement…

Footasylum – trading statement, continuing to trip-up badly

Published 138 days ago

In September, previously writing on Footasylum (FOOT) it was our warnings prove sage as now tripping up badly. Today a “Trading Statement”

Corero Network Security – 2018 disappointment follows 2017 disappointment, and 2019…

Published 143 days ago

“Trading Update” from Corero Network Security (CNS) emphasising “order intake for 2018 is expected to be approximately 20% higher than 2017, driven by record order intake in H2 and the final quarter”“SmartWall revenue growth of approximately 20% over the prior year” and “significantly reduced EBITDA loss to approximately $2.5 million”. The shares have currently responded, er, approaching 6% lower to 12p…

Eagle Eye Solutions – “Appointment of Joint Broker”. Uh oh…

Published 144 days ago

Eagle Eye Solutions (EYE) “is pleased to announce the appointment of Shore Capital as joint corporate broker to the company with immediate effect”. Hmmm, why might that be?...

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

Published 149 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…

RA International – project delays… less than six months after AIM admission!

Published 159 days ago

Support services provider to remote locations in Africa and the Middle East, RA International (RAI) has updated including CEO Soraya Narfeldt “pleased with the progress made by RA International since Admission to AIM… we have a strong pipeline of projects across a range of sectors and a project management team capable of executing and delivering larger projects”. So why are the shares currently approaching 20% lower on the day, at around 50p?...

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

Published 160 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?...

Nanoco – “remain confident in delivering the board's expectations”… so what?

Published 163 days ago

Self-styled “a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from our technology platform”, Nanoco (NANO) has updated including “we remain confident in delivering the board's expectations for our full year results” and “we continue to work with a range of customers and partners on a number of near term potentially transformative technological and commercial activities” – and the shares have responded currently 6.5% higher towards 40p…

Bilby – reckons “pleased to announce” interims… I don’t reckon the recent institutional shareholders will be as pleased!

Published 165 days ago

Gas heating, electrical and building services provider Bilby (BILB) reckons it “is pleased to announce its interim results for the six months ended 30 September 2018”. So why then are the shares currently circa 20% lower on the back of them, to below 75p?...

Photo-Me – interims, really set for a second half recovery?

Published 166 days ago

Photobooths and ID and laundry and other vending equipment company, Photo-Me (PHTM) has announced results for its half-year ended 31st October 2018 – with the shares currently approaching 10% lower, at sub 100p, in response…

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

Published 167 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?...

Daily Mail Results Give Little Comfort as the Newspaper World Continues to Struggle

Published 177 days ago

Hello, Share Rangers. As a former journalist who served Fleet Street, I’m unhappy with the demise of newspapers. But share bunnies need to be sensible rather than nostalgic. So on the full-year results of the Daily Mail (DMGT), I will continue to avoid its stock.

Grafenia – argues “increasingly confident in the merits of our transformation strategy”, so why the share price decline?

Published 179 days ago

Grafenia (GRA) has announced results for its half year ended 30th September 2018 – including noting “we're increasingly confident in the merits of our transformation strategy”, so why a current approaching 10% share price decline, to sub 10p?...

Directa Plus – new agreements & argues “good progress” and “increasing confidence”, but what does it all mean financially?

Published 183 days ago

Writing on Directa Plus (DCTA) in September, with the shares up to circa 70p, I questioned do road test & CEO share purchase merit the shares soaring?. Now, an “Environmental Sale and Participation in Trial” announcement today has followed a trading update yesterday…

Seeing Machines – CFO “to step down” as company regales a litany of success. Really?

Published 184 days ago

I noted in September not ‘pleased’ to announce results from Seeing Machines (SEE) – and now the company announces that “James Palmer, Chief Financial Officer, is to step down from his position for personal reasons”. Hmmm…

FW Thorpe – warns, but with main business orders “have started to recover” is a 13%+ share price fall justified?

Published 184 days ago

A 12:45pm “AGM Statement” from FW Thorpe (TFW) included “orders for our main business, Thorlux Lighting, were slow in the first quarter but have started to recover in October and November… other parts of the group continue to perform well”. Does such really justify an approaching 14% share price decline? – the shares sliding below 250p…

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

Published 185 days ago

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

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

Published 186 days ago

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

Plus500 – argues “a good position for 2019”. How good?

Published 186 days ago

Contracts for Differences online trading platform company Plus500 (PLUS) “is pleased to announce… the board believes that the group's results for the financial year ended 31 December 2018 will be ahead of previous market expectations” - and the shares have responded currently more than 11% higher, above 1400p. That though also still compares with more than 2000p reached in August…

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

Published 187 days ago

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

Eagle Eye Solutions – argues looks ahead “with confidence”… though why not provide the key numbers then?

Published 191 days ago

I first cautioned on shares in Eagle Eye Solutions (EYE) in February 2016 at over 200p and mostly recently this summer at around 150p. Currently the shares are 127.5p – though that a few percent higher on the day on the back of an AGM update…

Integumen – argued ‘transformational improvement’ sees shares soaring, BUT…

Published 192 days ago

Shares in skin care and cosmetics company Integumen (SKIN) are currently soaring on the back of a “Trading Update” commencing; “The company is pleased to announce the increased growth in product sales and contract test services at Labskin”

Plant Health Care – “Positive Developments with Harpin”, but positive enough to achieve revenue & cash expectations?

Published 192 days ago

Previously writing on Plant Health Care (PHC) it was on a share price slump earlier this year to circa 15p. The latest is a “Positive Developments with Harpin” announcement – though the shares are currently at 10.1p…

Seeing Machines – “very well placed” to leverage developments. Really?

Published 192 days ago

An AGM statement from Seeing Machines (SEE) sees it emphasised “the past 12 months have been the most exciting and pivotal periods for Seeing Machines since the business was founded” and that “Seeing Machines is very well placed to leverage these developments”. The shares have currently nudged higher, towards 6p in response – but this also compares to more than 13p reached in June. Hmmm…

Stride Gaming – having been set to record a provision of £4m… £7.1m Gambling Commission fine

Published 193 days ago

Having previously stated, on the basis of legal advice received, that it was to record a provision of £4 million for a Gambling Commission of Great Britain penalty, Stride Gaming (STR) has announced “Daub Alderney Limited, a subsidiary of the company, has been fined £7.1m by the Gambling Commission of Great Britain for failings in its anti-money laundering and social responsibility procedures”

Ascent Resources – having previously warned, what’s the latest?

Published 198 days ago

Having been slumping at the time of my previous update at the end of last month, shares in Ascent Resources (AST) have recently nudged higher, with the company having made “Posting of Circular and Notice of General Meeting” and “Corporate Update” announcements…

Superdry – argues “significant progress in the first half”, a further 6%+ share price fall suggests otherwise…

Published 199 days ago

Following a more than 20% share price fall to 800p on a trading update last month, shares in fashion company Superdry (SDRY) are currently more than 6% lower and below that price today on the back of a “Pre-Close Trading Statement”

Starcom – 2018 revenue to comfortably exceed market expectations?, why the discounted placing?

Published 199 days ago

Starcom (STAR), “which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets, is pleased to announce that an agreement has been signed with a local distributor in North Africa” and “to ensure that this and other orders can be delivered as planned both for this year and early 2019, the company has conditionally raised £400,000 before expenses through a placing… at a price of 2p”. Hmmm…

Fulham Shore – after last time “what about profit & the balance sheet?”, a further “trading update”...

Published 200 days ago

Previously writing on shares in Franco Manca and The Real Greek restaurant company Fulham Shore (FUL) it was on a “trading update” which saw me question “encouraging revenue increases”… but what about profit & the balance sheet?. Now a further “trading update”

System1 Group – interims emphasise growth & Ad Ratings ‘excitement’, but is material recovery really imminent?

Published 204 days ago

Marketing services group System1 (SYS1) has announced results for its half year ended 30th September 2018 including emphasising “26% growth in diluted earnings per share to 5.3p” and “we are excited about our new Ad Ratings service”. The shares have currently responded circa 8% higher, but a still sub 200p share price compares to almost 400p early in 2018…

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

Published 204 days ago

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

Brave Bison – agreement with Snapchat, why have the shares not reacted as previously?

Published 206 days ago

I’ve warned earlier this year on RNS Reach ramparoonies which took shares in Brave Bison Group (BBSN) to 3.55p and towards 3p – they previously closing at 1.45p. Now a further RNS Reach; “Brave Bison is now on Snapchat”

SDL – updates “pleased”, so why are the shares 30%+ lower than reached last year?

Published 207 days ago

Content management and language translation software and services company SDL plc (SDL) “is pleased to confirm” that “trading for the full year to 31 December 2018 remains in line with the board's expectations” and “the acquired Donnelley Language Solutions business is performing well as part of the group and the integration is on track”. At 457p though, why do the shares remain well down on 650p+ reached last year?...

Ascent Resources – I warned ‘what’s happened with previous verbal assurances of support?’, and now…

Published 207 days ago

In early August, as its shares soared on the back of a “Permitting update” including “the company has been assured the required permits will be processed without undue, further delay, which the company takes to mean they should be issued in final form in the next two months”, I warned on Ascent Resources (AST) - positive permit assurances… but what’s happened with previous verbal assurances of support?. The shares are currently slumping on the back of a further permitting update…

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

Published 208 days ago

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

Not So Sure About this Marketing and Communications Giant as the Times They Are A-Changing

Published 208 days ago

Hello, Share Flashers. One of the biggest business turnarounds in recent years is how advertising is changing. Though many of us are irritated by the seemingly unstoppable surge of adverts on the telly, the truth is that more adverts are being swapped over to big techies, like Google and Facebook. So it’s not entirely surprising that WPP (WPP), the giant marketing, P.R. and advertising agency, has reported lower revenue for the third quarter of 2018.

GB Group – “remain confident”, so why the share price fall?

Published 212 days ago

A half-year trading statement from identity technology group GB (GBG) emphasises “trading performance is in line with expectations, with underlying organic revenue growth of 11%” and “our pipeline is looking strong… we remain confident in meeting full-year consensus revenue and profit expectations”. The shares have though responded currently more than 5% lower towards 480p. Hmmm…

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

Published 212 days ago

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

Corero Network Security – “Customer wins”: argues “particularly pleasing”, what’s the detail?

Published 214 days ago

“Customer wins” announcement from Corero Network Security (CNS), including President and EVP Sales & Marketing, Andrew Lloyd, emphasising “to have secured another new customer for our 100Gbps SmartWall technology following a rigorous selection process is particularly pleasing and highlights the key competitive advantages and uniqueness of our solution”. Ok, so what’s the order detail?...

Corero Network Security – “a transformational deal”? Hmmm…

Published 218 days ago

Shares in Corero Network Security (CNS) have risen back above 10p, with the company announcing “Completion of Subscription” of $2 million from Juniper Networks (NYSE: JNPR)…

Zytronic – revenue “in-line with market expectations”, so why a 9% share price fall?

Published 219 days ago

A trading update from touch sensor products developer and manufacturer Zytronic (ZYT) commences; “Trading in the second half of the year showed a 10% improvement in revenues over the first half, totalling £11.7m, resulting in total revenues for the year of £22.3m which is in-line with market expectations”. So why currently a 9% share price fall, to 387.5p?...

Nanoco – “pleased to announce” results, so why are the shares still further lower?

Published 221 days ago

“Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from our technology platform, is pleased to announce its preliminary results for the year ended 31 July 2018”. The shares have currently responded… er, circa 8% lower heading towards 30p…

System1 Group – ‘underlying H1 pre-tax profit expected to be some 73% above prior year’, so why the lack of share price response?

Published 222 days ago

Marketing services group System1 (SYS1) has updated including “underlying H1 pre-tax profits, pre-Ad Ratings and share based payments, are expected to be around £1.9m, some 73% above the £1.1m achieved in H1 2017/18”. Having decreased steadily to around 200p, why are the shares not now though responding positively?...

Dillistone – emphasises GatedTalent ‘momentum’, but how are the financials?

Published 227 days ago

Dillistone Group (DSG) has announced “GatedTalent registers 20,000th executive member” - including “having launched the innovative executive database at the end of 2017, the pace of registrations has increased considerably with the momentum achieved seeing two considerable milestones being passed in quick succession. The 10,000th registration was registered in August 2018, with the 20,000th being achieved approximately two months later”. Sounds good, but what about financials?...

Why Card Factory Doesn't Get My First Class Stamp of Approval

Published 235 days ago

Hello, Share Turners. Though sending cards is a necessary ritual of life, I have my doubts about investing in firms which make or sell them - or do both. Technology and high postal charges are a growing problem. And younger people look more to Facebook and the like to confer their birthday and other greetings.

Eckoh – “significant US contract win worth $7.4m”, but enough to suggest the shares are a buy?

Published 236 days ago

Secure payment and customer contact technology company Eckoh (ECK) is “delighted to have won our largest ever secure payments contract and with such a prestigious client” - and the shares have currently responded 8% higher to 41p…

Zoo Digital – “confident in the prospects”, so why the share price slump?

Published 240 days ago

An AGM update from tv and movie subtitling and dubbing group Zoo Digital (ZOO) includes “we anticipate overall full year performance will be in line with expectations”. The shares have though responded to the update currently approaching 20% lower, at circa 140p. Hmmm…

Directa Plus – do road test & CEO share purchase merit the shares soaring?

Published 241 days ago

Writing on graphene-based products company Directa Plus (DCTA) in June I questioned significant commercial progress? The shares have though soared today on “World's First Road Surface Containing Graphene” and “Director/PDMR Shareholding” announcements from the company…

7digital – a “global leader” with Universal Music contract wins? Hmmm…

Published 243 days ago

Previously writing on self-styled “global leader in B2B digital music solutions” 7digital Group (7DIG) last month, I questioned Triller contract win, ramptastic? Now “Universal Music Group Contract Wins”

Tasty – half-year results, “well placed to resume growth”?

Published 246 days ago

Wildwood and dim t restaurants company Tasty (TAST) has announced results for its half year ended 1st July 2018, including “in February 2018 we implemented major operational structural changes and are beginning to see early signs of improvements which we expect to continue in the second half of the year”. The shares have currently responded, er, approaching 15% lower, at 14.5p!…

United Carpets – a not usual “AGM Trading Update” & intra-day. Uh oh…

Published 248 days ago

An 11:25am “AGM Trading Update” from “the third largest chain of specialist retail carpet and floor covering stores in the UK”, United Carpets (UCG). This an ‘update’ not provided in previous years and now done so intra-day and with there clearly a tough UK retail climate. Hmmm…

Seeing Machines – not ‘pleased’ to announce results then?

Published 248 days ago

Seeing Machines (SEE), the “computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, has published its audited results for the year to 30 June 2018”. Not ‘pleased’ to do so then? – though I note “highlights” emphasising “five program awards now under contract with global OEMs to be delivered through multiple Tier 1 automotive suppliers” and “revenue up 117% to A$30.7 million”

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

Published 253 days ago

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

Jaywing – “recovery is building momentum”, but what does that mean financially?

Published 254 days ago

Shares in Jaywing (JWNG) are recovering to comfortably above 20p following an update including “recovery is building momentum and anticipates that full year results will be in line with expectations”. What’s the recovery from and what are the expectations it anticipates being in line with?...

Goals Soccer Centres – “trading in H2 has started well”, enough to suggest the shares a buy?

Published 255 days ago

Goals Soccer Centres (GOAL) has announced results for the first half of 2018, noting a “challenging H1” but “trading in H2 has started well” and “delighted by the underlying performance of the sites where we have invested”

Elecosoft – in light of H1 performance looks forward with confidence, so why a share price decline?

Published 255 days ago

Technology provider to the architectural, engineering, construction and digital marketing industries, Elecosoft (ELCO) has announced results for the first half of 2018 and that “in light of the company's first half performance, we look forward to the remainder of 2018 with confidence”. The shares have currently responded, er, more than 5% lower, towards 80p?…

FireAngel – shares soar on partnering agreement, but how’s overall trading?

Published 255 days ago

Shares in FireAngel Safety Technology (FA.), the former Sprue Aegis, are currently more than 30% higher today, at 77.5p, on the back of a “Partner Agreement” announcement…

Ten Lifestyle Group – revenue “in line” with, & cash “ahead of”, expectations. BUT…

Published 256 days ago

“Ten Lifestyle Group plc (AIM: TENG), a leading technology-enabled lifestyle and travel platform for the world's wealthy and mass affluent, provides an update on trading activities ahead of the company's full year results for the twelve months ended 31 August 2018. The board expects net revenues for the financial year to be in line with market expectations”. Er, ok – what about bottom-line performance?...

UP Global Sourcing – order book ahead, so why no meaningful share price recovery?

Published 257 days ago

BeldrayIntempoSalterConstellation and Progress consumer goods brands company UP Global Sourcing (UPGS) has updated on its year ended 31st July 2018 and on current trading and outlook, including “the FY19 order book is ahead of this time last year”. Why only a slight share price recovery, to currently still sub 33p, then?...

System1 Group – ‘a return to profit growth’… or not?

Published 257 days ago

Marketing services group System1 (SYS1) has updated including that “a return to growth in operating profits vs H1 prior year… is anticipated”. Already down from more than 1000p reached last year, the shares have though currently responded slightly further lower to 230p. Hmmm…

Plus500 – first founders (including MD) sell shares, now Playtech does...

Published 260 days ago

Shares in Plus500 (PLUS) are down from more than 2000p reached last month, but yesterday saw company founders - including Managing Director Gal Haber - sell in total 9.39 million shares at 1550p and today from Playtech (PTEC), a “Sale of holding in Plus500 Ltd” announcement…

Gear4music – overall sales growth “ahead of our expectations”… so why a share price decline?

Published 260 days ago

A trading update from online musical instruments and equipment retailer Gear4music (G4M) includes “sales growth during the period of 36% being ahead of our expectations”… so why a current approaching 5% share price fall, below 600p?…

Quiz plc – “particularly pleased” with summer “positive customer response”… so ahead of expectations then? Er…

Published 262 days ago

‘Fast fashion’ company Quiz plc (QUIZ) has updated including it is “particularly pleased with the positive customer response to QUIZ's product range over the summer” and “continued growth across each of our channels”. The shares have though responded lower, towards 160p. Hmmm…

Xaar – H1 results, reception of new products “positive” & “firmly believe in the potential”. Really?

Published 262 days ago

Xaar (XAR) has announced results for the first half of 2018, including “the long term opportunity for Xaar remains very significant, but trading continues to be impacted by the aggressive decline in our Ceramics business, and the unpredictability of the adoption of our new products”. Hmmm…

Footasylum – our warnings prove sage as now tripping up badly

Published 264 days ago

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

One Media iP – following July results positivity, a ‘Horlick(s)’ of a fundraising

Published 267 days ago

One Media iP (OMIP) “is pleased to announce a proposed placing and subscription to raise a minimum of £1.9 million of new equity capital at an issue price of 6 pence per new ordinary share, and the proposed issue of up to £6 million of (7% per annum interest from date of issue) loan notes”, including emphasising the placing price “represents a premium of 240 per cent. to the price of 2.5 pence per ordinary share at which Lord Michael Grade and Ivan Dunleavy first invested in the company in December 2017”. Sounds positive then…

Amigo is no friend of mine

Published 269 days ago

I know somebody who regularly trots out the line 'all that matters is how much money you make'. I am a big supporter of capitalism and laissez-faire thought but this is such a naive statement to make. Economists would talk about the need to factor in externalities and additionally I would cite that life is a trade-off problem...and a single minded pursuit of money, to the detriment of absolutely everything else, tends to bite you where it hurts at some point. Now before I convince myself that Jezza is the red saviour of our proud country...time to talk about Amigo (AMGO).

Jaywing – “a number of key client wins and service expansions”. How key?

Published 269 days ago

Jaywing (JWNG), the self-described “data driven, insight and creative agency”, is “delighted to see the fruits of our labour across so many diverse clients and industries” with “a number of key client wins and service expansions”. How key though?...

Richoux – “reduction in the level of losses”, but bailout funding still needed?

Published 269 days ago

Previously writing on RichouxVillagioFriendly Phil'sZintino and The Broadwick restaurants company Richoux Group (RIC) it was results statement emphasises “ungeared”… but concerns as the shares crashed below 7p. Today a trading update…

Toople – “Major Contract Win”. Just in-time for a major bailout financing?

Published 269 days ago

“Major Contract Win” announcement from Toople (TOOP) sees shares in the company currently soaring higher. What’s the detail?...

CSF Group – proposed AIM cancellation, a warning

Published 270 days ago

CSF Group (CSFG) has announced it is to call an EGM as it’s “proposed cancellation of trading on AIM”. The shares have currently responded more than 25% lower, to comfortably below 2p…

Pebble Beach Systems – “steady trading results” & steps to profit and cash generation “have proved to be effective”. Really?!

Published 274 days ago

Pebble Beach Systems (PEB) has announced results including “the first half of 2018 has seen steady trading results… the significant steps taken to move to ongoing profitability and cash generation have proved to be effective”. Sounds promising, what are the financial details then?...

Proactis – deal intake & ‘pipeline of opportunity’ “strong”, so why do the shares remain depressed?

Published 276 days ago

Proactis Holdings (PHD) has updated including “deal intake for the year was strong” and “the pipeline of opportunity remains strong for the longer term”, so why are the shares little above 100p compared to around 190p at the commencement of the company’s year ended 31st July 2018?...

Angling Direct – “Half-Year Trading Update”. How’s profit then?, Cash?

Published 277 days ago

“Angling Direct plc (AIM: ANG.L), the largest specialist fishing tackle and equipment retailer in the UK, is pleased to announce its trading update for the six months ended 31 July 2018. Revenue for the period was ahead of management's expectations”. Sounds promising - but what about profit?, cash?...

Tracsis – “expected to be ahead of market expectations”, but enough to suggest the shares a buy?

Published 277 days ago

Provider of software and services for the traffic data and transportation industry, Tracsis (TRCS) has updated including, for its year ended 31st July 2018, adjusted profit “expected to be ahead of market expectations”. What does that mean in financial terms?...

LiDCO – from “pleased with progress” in May to now “slow first half”!

Published 278 days ago

An update from LiDCO Group (LID) commences that the company “announces that it has had further success in the USA, contracting three additional customers to its recently launched differentiated High Usage Programme business model. HUP continues to build momentum after its launch in July 2017”. Sounds promising… so why, and particularly with the shares down from approaching 8p in May to below 6p, has the stock not responded positively?...

7digital – “Triller contract win”. Ramptastic?

Published 281 days ago

Shares in 7digital Group (7DIG) are currently on the rise after it has followed much-delayed 2017 results yesterday, with a “Triller contract win” announcement today…

Why Card Factory May Struggle Against Changing Trends

Published 282 days ago

Hello, Share Graspers. Back in the mists of time when just a few birthday cards were first sent online, I opined that the traditional postal card might become threatened. I don't know if this view still affects the performance of the Card Factory (CARD). But it's not a share that attracts me at the moment, anyway.


7digital – FY 2017 results. Yes, 2017 – you have read it correctly!

Published 282 days ago

Self-described “global leader in B2B digital music solutions”, 7digital Group (7DIG) has today announced results for its year ended 31st December 2017. Yes, 2017 – you have read it correctly!; the shares have been suspended since 2nd July. That as “in the course of the audit, certain deficiencies in our preparation were brought to the attention of the board”. Hmmm…

Fusion Antibodies – “delighted” to present annual report following “successful” admission. Really?

Published 282 days ago

Fusion Antibodies (FAB) Chairman Dr Simon Douglas is “delighted to present the first annual report for the company following our successful admission to AIM in December 2017”. Hmmm - the shares are down on the announcement at 75p, comparing to a 82p listing price. “Delighted” and “successful”, you say?...

Nanoco – year-end trading update argues “considerable confidence”. Hmmm…

Published 283 days ago

I first commented on Nanoco Group (NANO) here with the shares at 64p in 2016. The stock has subsequently approached 22p, but jumped on a ‘Material Development and Supply Agreement’ in February – and closed yesterday at 47p. It is currently though more than 10% lower today on the back of a year-end trading update…

MBL Group – part one: notice to seek cancellation of AIM admission… though potential shareholder return hit

Published 284 days ago

Shares in MBL Group (MUBL) closed approaching 18% lower yesterday on the back of a 3:54pm “Cancellation of Admission & Notice of GM” announcement, which followed a 6:04pm “AIM Notice and Update on Proposed Cancellation” announcement on Monday…

PHSC – full-year results, security technology to prove diversification or ‘diworsification’?

Published 284 days ago

Historically a provider of health, safety, hygiene and environmental consultancy services, PHSC plc (PHSC) decided to diversify into security technology and associated systems. How do results for its year ended 31st March 2018 show things going?...

Plus500 – emphasises “very successful first half”… so why are the shares materially lower?

Published 285 days ago

Plus500 (PLUS) has announced results for the first half of 2018, including emphasising “we have had a very successful first half with two major milestones; another record set of first half results including an exceptional first quarter performance and completion of our move up to the Main Market”. However, having recently exceeded 2000p, the shares have responded materially lower towards 1700p. Hmmm…

Chemring Group – tragic incident at Countermeasures facility

Published 285 days ago

Chemring Group (CHG) has confirmed that at approximately 5pm on Friday there was an incident in a flare manufacturing building at its Countermeasures facility near Salisbury and that, although emergency services attended the scene and the incident was quickly brought under control, “tragically, one employee was fatally injured and another employee was badly injured and is currently receiving treatment in hospital”

Filta Group – argues “strong trading”, but how strong? Enough to suggest a buy?

Published 288 days ago

November 2016-listed Filta Group (FLTA) has updated including that it “has enjoyed strong trading in the first half of the year” and “confidence for further progress in the second half of the year and beyond”. What do those mean in financial terms - and against a currently little-changed-on-the-announcement circa 230p share price?...

Volution – “in line with the board's expectations”… or not?

Published 288 days ago

Ventilation products group Volution (FAN) has updated on its year ended 31st July 2018, emphasising “revenue in the 12 month period was £206 million, an 11.3% increase (11.2% on a constant currency basis) compared with the prior year” and “our increasing market and geographical diversity, together with significant investment in new product innovation, gives us confidence for the year ahead”. Do the shares thus merit a higher price than the circa 200p they were also at as long ago as early 2016?...

Ascent Resources – positive permit assurances… but what’s happened with previous verbal assurances of support?

Published 289 days ago

After an “Operational Update” from Ascent Resources (AST), despite stating “pleased with the progress of the strategic review”, had seen the shares crashing at the start of this week, they are currently soaring on the back of a “Permitting update”

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

Published 290 days ago

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

Carclo – as previously cautioned; takeover proposal pulled = shares slump

Published 291 days ago

Writing on plastic components and LED-based lighting systems manufacturing company Carclo (CAR) last month, I cautioned as the shares responded to a takeover proposal by rising back above 100p. Presently, the shares are more than 20% lower on the day, heading towards 90p…

FireAngel – from “more heavily weighted towards H2 than has been the case in recent years” to…

Published 292 days ago

Previously writing on FireAngel Safety Technology (FA.) – then Sprue Aegis – it was on a 25% share price slump to below 100p and I concluded we’ll see on improvement the company expected and, meanwhile, on underlying financial metrics, the share price reaction looked entirely understandable and I continued to avoid. Today a “Trading Statement” commencing, “The company expects to report H1 2018 sales of approximately £17.7m (H1 2017: £26.0m) and an operating loss of approximately £1.8m (H1 2017: £1.5m profit), in line with management's expectations. However,”. Uh oh…

Seeing Machines – revenue “within the range of the previous guidance”. Er…

Published 295 days ago

A full-year trading update from Seeing Machines (SEE), the self-described “advanced computer vision technology company that designs AI powered operator monitoring systems to improve transport safety”, commences “total sales revenue was A$30.7 million, an increase of 127% year-on-year (2017: A$13.5 million) and within the range of the previous guidance published”. Sounds promising – so why a current more than 5% share price decline?…

Grafenia – trading “in-line with our internal budgets”… but what does that mean?!

Published 302 days ago

Grafenia (GRA) has updated including “we've continued to expand our Nettl network both in the UK and overseas” and “in the first quarter, trading has been in-line with our internal budgets”. The shares, at 13p, though remain down from 16p+ reached before results for the company’s year ended 31st March 2018 were announced last month…

Frontier Smart Technologies – “radio sales orders have started to recover”… so why a further share price fall?

Published 303 days ago

Frontier Smart Technologies (FST) has updated including “in recent weeks, Frontier's radio sales orders have started to recover” and “Smart Audio revenues in H1-2018 are expected to be up 19 per cent year-on-year”. The shares have responded… er, currently more than 7% further lower below 50p…

Veltyco – EBITDA “likely to be marginally below budget”… & receivables?

Published 303 days ago

A previously successful tip on the Nifty Fifty, the HotStockRockets team thought shares in Veltyco (VLTY) again looked to represent an opportunity earlier this year - but apologised and moved to sell at 73p in June. The stock last closed at 64.5p – but is currently heading towards 50p on the back of a “Trading Update”

Eagle Eye Solutions – full-year trading update emphasises a “Breakout year”, so why a 12%+ share price decline?

Published 304 days ago

A trading update for its year ended 30th June 2018 from Eagle Eye Solutions (EYE) is headlined “Breakout year sees delivery of world leading digital loyalty programme for Loblaw”. The shares have responded… er, currently circa 12% lower to around 150p…

Countrywide – updates “slightly better than the guidance previously provided”. BUT…

Published 305 days ago

Countrywide (CWD), “the UK's largest integrated property services group, including the largest estate agency and lettings network”, has updated including “the adjusted EBITDA for the group for the six months ended 30 June 2018 was slightly better than the guidance previously provided” - and the shares have responded currently higher, back above 50p. However…

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

Published 305 days ago

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

SRT Marine Systems – full-year results admit “disappointed”, but argue ‘expects to measure up to expectations in the near future’. Hmmm…

Published 306 days ago

SRT Marine Systems (SRT) has announced results for its year ended 31st March 2018, with CEO Simon Tucker emphasising, “I am very disappointed with the shortfall in our revenues for the year, which was caused by an unexpected contract change. This does not reflect the excellent operational progress the business has made with regards to product development and sales opportunities. I recognise that we are measured on the profits that SRT delivers and to that end expect SRT to measure up to expectations in the near future”. Hmmm…

Escape Hunt – argues “good financial performance”… but why also included “relative to the number of games rooms opened”?

Published 306 days ago

A trading update from ‘escape the room’ experiences company Escape Hunt (ESC) includes “exceptional customer reviews for the three sites opened earlier this year are translating into good financial performance thus far with revenue and EBITDA contribution, relative to the number of games rooms opened, having met our expectations”. A current 114.5p share price though compares to a 135p placing price when joining AIM in May 2017…

Tungsten Corp – “pleased to invite” two new non-execs. Hmmm, really?

Published 309 days ago

Previously writing on Tungsten Corp (TUNG) it was sack the board says Brexit loving hedgie Crispin Odey & bonkers company founder Edi Truell. Now a 3:22pm “Requisition Update & Proposed Board Appointments” announcement from the company…

Lighthouse Group – half-year trading update, is ‘in line with expectations’ sufficient for the valuation?

Published 309 days ago

Last year I concluded that shares in financial advisory group, Lighthouse (LGT) could prove good value at 11.75p and that the valuation continued to look undemanding at circa 14p. I updated earlier this year at 24p, suggesting that the valuation fair enough at this juncture – though now write again with the shares currently further higher, above 37p, on the back of a trading update…

Bango – argues ‘positioned well’… but it’s a current year forecast reduction

Published 309 days ago

Payment platform company, Bango (BGO) has updated “on trading for the six months ended 30 June 2018”. This commences “End User Spend (EUS) continues its four-year growth trend of at least doubling every twelve months. The total EUS for 1h2018 was £220m compared with £92m in 1h2017, and £271m for all of 2017. As in previous years, EUS in the second half of the year is expected to be significantly higher than in the first”. Er, ok – but that is not about how the company is trading. What about financials?...

Cloudcall – H1 “played out largely as we expected”. Hmmm, did it?

Published 312 days ago

Previously writing on Cloudcall (CALL) it was 2017 results, emphasises significant reduction in cash burn… but is there?, with the shares more than 6% lower, towards 165p. Today a half-year trading update – and the shares currently down around 10%, at circa 140p…

Plant Health Care – “on track to achieve full year revenue expectations”… so why a share price slump?

Published 313 days ago

A trading statement from Plant Health Care (PHC) firstly emphasises “on track to achieve full year revenue expectations, which would represent 30% growth over 2017”. So why currently a 33% share price slump, to around 15p?...

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

Published 318 days ago

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

Photo-Me International – “another year of good operational progress”. Really?

Published 319 days ago

Photobooth, identification technology, laundry and digital printing kiosk company Photo-Me International (PHTM) has announced results for its year ended 30th April 2018, including emphasising “2018 has been another year of good operational progress, reflected in revenue growth of 7.1%, 4.4% growth in PBT, including a one-off gain on the group's shareholding in Max Sight Holdings Limited, and double-digit EPS growth”. Hmmm, let’s take a look at the detail…

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

Published 319 days ago

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

Hardide – positive North America oil & gas and aerospace update… but what about financials & valuation?

Published 320 days ago

Having previously questioned on surface coating technology company Hardide (HDD) emphasises “positive” & “confident”, but when’s the jam to be delivered?, I today note the company “pleased to announce” the appointment of a Business Development Engineer based in Houston, Texas - emphasising “a strong rise in demand from oil and gas customers in North America”. More promising?...

Wilmington – adjusted profit “broadly in line with market expectations”, so why a share price slump?

Published 323 days ago

A trading statement from risk & compliance, professional and healthcare information, education and networking services company Wilmington (WIL) commences “following the completion of the year, Wilmington expects that full year adjusted profit before tax will be broadly in line with market expectations”. So why a current 25% share price fall, to 180p, on the back of the announcement?...

Topps Tiles – ‘continue to make good progress with our core strategy’, so why continuing share price decline?

Published 324 days ago

Shares in Topps Tiles (TPT) are currently further lower following a recent Q3 trading update – despite it arguing it continues “to make good progress with our core strategy of ‘Out-Specialising the Specialists’ to extend our market leading position in the UK tile market”. Hmmm…

Carclo – rejects takeover proposal, another move coming?

Published 327 days ago

Plastic components and LED-based lighting systems manufacturing company Carclo (CAR) has hit back following a “Non-Binding Proposal for Carclo plc” announcement from Consort Medical (CSRT)…

Trakm8 Holdings – argues “pleasing to report very strong progress during the past year”… but show me the money!

Published 328 days ago

Results for its year ended 31st March 2018 from Trakm8 Holdings (TRAK) emphasise earnings and revenue growth and see Executive Chairman John Watkins stating “it is pleasing to report very strong progress during the past year”. The shares have responded, er, currently 8.5% lower, back sub 100p…

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

Published 332 days ago

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

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

Published 333 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…

Crawshaw – ‘AGM Trading and Strategic Update’, you were warned…

Published 333 days ago

I most recently warned on shares in self-styled “the UK's leading value butcher”, Crawshaw Group (CRAW) HERE. Today an “AGM Trading and Strategic Update”

Dillistone – from “increasingly confident… will be transformational” to “disappointing” in less than 7 months

Published 334 days ago

After June 2017 profit warning woe, a “GatedTalent demand surpasses expectations” announcement in December and “GatedTalent signs 100th client contract” announcement in February helped shares in Dillistone Group (DSG) go on to exceed 100p. There’s now an AGM trading update…

Pebble Beach Systems – FY 2017 results; “a sound financial performance”. Really?

Published 335 days ago

Pebble Beach Systems (PEB) has announced results for the 2017 calendar year, emphasising “adjusted operating profit for the continuing business of £0.5 million (loss in 2016 £(1.1 million))” and “the company will deliver improved profitability as a direct result of the restructure undertaken throughout 2017 and Q1 2018”. However, it is cash which is reality…

Best of the Best – forecasts up, but the shares to follow?

Published 340 days ago

Competitions company Best of the Best (BOTB) has announced results for its year ended 30th April 2018, emphasising they “showing both increased revenues and profits before tax, which are slightly ahead of management's expectations”. Sounds encouraging…

Safestyle UK – with the shares down from above 300p less than a year ago to below 56p… it’s nil-cost option time (natch!)

Published 340 days ago

With its shares down from above 300p less than a year ago to below 56p, Safestyle UK (SFE) “announces the granting of awards under the Safestyle UK plc 2017 Performance Share Plan, to certain executive directors of the company”!...

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

Published 341 days ago

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

Footasylum – argues “pleased to report a strong performance”… but in reality merits an IPO roll-call of shame

Published 341 days ago

Footasylum (FOOT) is “pleased to report a strong performance for the financial year, our first as a quoted company following our successful IPO last November… The board was delighted with the support we received for the IPO”. I doubt shareholders are pleased or delighted though – shares in this 164p per share IPO, currently trading well below 100p following a dramatic slump on the “pleased to report” results!...

Directa Plus – AGM update, significant commercial progress?

Published 342 days ago

Directa Plus (DCTA) has made an AGM Statement commencing “during 2017 we made significant commercial progress across our four key target markets and I am pleased to report that this momentum has continued into 2018”. Sounds promising…

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

Published 346 days ago

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

Grafenia – FY results argue transition “has progressed well”. Has it?

Published 347 days ago

Results for its year ended 31st March 2018 from Grafenia (GRA) include the Chairman’s statement commencing “the transition of Grafenia plc has progressed well since I last wrote to you”. The shares have though responded lower, back towards 12p…

Pressure Technologies – “considerable momentum” & “significant potential”, so why are the shares further lower?

Published 348 days ago

Pressure Technologies (PRES) has announced results for its half year ended 31st March 2018 including “dynamics in the defence and oil and gas markets are showing considerable momentum” and “there is significant potential in Alternative Energy”. So why are the shares currently further lower, below 130p?...

PHSC – reports swing to positive EBITDA, so why do the shares remain depressed?

Published 352 days ago

Provider of health, safety, hygiene and environmental consultancy services and security solutions, PHSC (PHSC) has updated including “the group achieved a positive EBITDA of approximately £184,000 for the year ended 31 March 2018, before allowing for £47,000 of redundancy costs associated with the closure of ALS, (31 March 2017: loss of £99,767)”. So, why do the shares remain depressed at a current 10.5p?...

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

Published 354 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?...

Gama Aviation – AGM update; “pleased” with the progress implementing 2018 strategic plan, so why the 12%+ share price decline?

Published 355 days ago

Gama Aviation (GMAA) CEO, Marwan Khalek, is “pleased with the progress that we are making in implementing our 2018 strategic plan… With the strengthened leadership team now established, we are even better equipped to deliver on our strategic objectives”. Sounds good… so why a current more than 12% share price decline on the announcement including it?...

Tungsten Corp – emphasises “operated profitably”… but has it really (with revenue growth below expectations)?

Published 356 days ago

Tungsten Corp (TUNG) has updated on trading for its year ended 30th April 2018, including emphasising “operated profitably over January to April 2018 period”“adequate working capital” and “our trade financing activities are growing rapidly”. Sounds promising…

System1 Group – admits FY results “disappointing”, but “potential to build a much larger and more stable business”?

Published 359 days ago

Market research and marketing group System1 (SYS1) has announced results from an admitted “disappointing” year ended 31st March 2018, but considers it now has “a more competitive and scalable offer, with the potential to build a much larger and more stable business over the years to come”

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

Published 360 days ago

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

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

Published 361 days ago

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

Richoux Group – results statement emphasises “ungeared”… but concerns

Published 362 days ago

I previously wrote on restaurant group Richoux (RIC) just under a year ago - significant (discounted) management investment, but clear challenges remain for former Prezzo boss. That investment was at 16p. On the back of results for the 53 weeks ended 3rd December 2017, the shares have currently crashed below 7p…

Safestyle UK – “pleased” with interim legal outcome… but clear challenges remain

Published 362 days ago

Shares in Safestyle UK (SFE) have currently bounced above 60p on the back of an “Update: Filing of Legal Claim & Directorate Change”

Starcom – following announcement of launch of a “high expectations” product last week…

Published 367 days ago

Last week Starcom (STAR) was “pleased to announce the launch of the latest iteration of its awarding winning intelligent padlock, the Watchlock Cube… the company has high expectations for the Cube due to its electronic shell being able to fit a variety of C10 padlocks from various manufacturers, its lower price and a far more durable battery life”. And now… “Placing” (surprise, surprise!)…

CyanConnode – 2017 results argue “significant progress”… but later admit it’s cash crunch ahoy!

Published 370 days ago

Self-styled “the world leader in narrowband radio mesh networks”, CyanConnode (CYAN) has announced results emphasising “2017 has been a year during which we have both made significant progress within the company in terms of winning orders, growing our global ecosystem of partners, expanding our geographical reach, and putting in place a world class team to develop product and deliver on the order book which has grown significantly during the period”. Er, ok. What about financially?...

Zytronic – ‘pleased to report a doubling of the dividend’, so why a share price decline?

Published 376 days ago

Touch sensors manufacturer Zytronic (ZYT) “is pleased to report a doubling of the interim dividend to 7.6p (H1 2017: 3.8p) in line with our progressive dividend policy, and the continued development of our business into new markets”. Sounds promising – and the shares have currently responded… more than 8% lower, towards 400p. Ah…

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

Published 376 days ago

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

4imprint – trading “above the board's expectations”… but does that mean value?

Published 383 days ago

Previously writing on promotional products direct marketing group 4imprint (FOUR), I concluded in November with the shares at 1900p that the potential reward compared to the risks suggested it sensible to be bearish. The shares slid below 1570p last month, but are currently back above 1800p following an AGM Statement

DP Poland – argues “healthy conditions for growth”, but how much confidence is there in the expansion?

Published 385 days ago

Previously writing on the company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP), I concluded to avoid with the shares at 40p. They have since fallen to around 30p and there’s now an “AGM Trading Update”

Van Elle – argues growth “against a strong comparative period”, but what about against expectations?

Published 387 days ago

In January, as the shares slid below 90p, I was cautious on geotechnical contractor Van Elle (VANL). There’s now a “Trading update and CEO succession process” announcement…

Dillistone – “pleased to announce” results for 2017, so why are the shares slumping?

Published 393 days ago

Dillistone Group (DSG), “the AIM quoted supplier of recruitment software for the international recruitment industry… is pleased to announce its audited final results for the 12 months ended 31 December 2017”, including emphasising “2017 was an exciting year for the Dillistone Group with the launch of GatedTalent”. The shares have responded… er, currently 10% lower, to 86p…

Crawshaw – results from a self-admitted “disappointing year” (though not for the departing duo CEO Collett & CFO Richardson!)

Published 395 days ago

Its shares down from approaching 23p at the commencement of 2017 (and 80p+ in September 2016), ‘value butcher’ Crawshaw (CRAW) has announced results for its year ended 28th January 2018 – seeing the shares currently at… circa 5p…

Idox – “an encouraging start to the year”… or not?

Published 401 days ago

Information management software and services company Idox plc (IDOX) has updated including “we have had an encouraging start to the year in terms of order intake and delivering the benefits of our reorganisation… remain confident of Idox's prospects and believe that the group has good growth opportunities”. The shares have responded, er, a further more than 5% lower, below 29p…

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

Published 402 days ago

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

Unilever - buy a Magnum, not the shares

Published 402 days ago

Back in the dim and distant past, when the issue of the prevailing weather and the stock market came up the stock that would be uppermost in the minds of institutional fund managers was that consumer behemoth Unilever (ULVR) and its significant - and volatile - ice cream division. Unilever still does ice creams (Carte D'Or, Cornetto, Magnum, Solero, Twister, Choc Ice, Super Split, Fat Frog, Feast, Brunch, Viennetta...take your pick) and no doubt it is coining it in today on the hottest day of the year so far, but that is not as influential as it used to be.

System1 Group – trading “has been disappointing”, so why are the shares higher?

Published 403 days ago

A trading update from marketing services group, System1 (SYS1) including noting trading during year ended 31st March 2018 “has been disappointing”. The shares are though currently approaching 7% higher, at 320p…

Dialight – argues “good growth prospects”… what about being in a position to deliver on them?

Published 403 days ago

Previously writing on Dialight (DIA) on the back of 2017 results with the shares at 532p, I concluded that the valuation in conjunction with manufacturing issues saw me continue to avoid. The shares previously closed at 524p and there’s now an AGM trading update

Grafenia – equity raise to fund acquisitions… or is it?

Published 408 days ago

A 1:15pm announcement of a change of adviser from AIM-listed Grafenia (GRA). Hmmm, a strange time to announce that – though I note it accompanied with Issue of Equity

Utilitywise – Woodford-backed dog down again on accounting update

Published 408 days ago

Shares in Utilitywise (UTW) are currently approaching 10% further lower, towards 30p, on the back of an update on the financial impact to it of accounting standard IFRS 15 (Revenue from Contracts with Customers), interpretations of which are mandatory for future accounting periods from the start of 2018…

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

Published 409 days ago

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

Safestyle UK – following trading challenges, now Health & Safety ones

Published 411 days ago

Previously writing on Safestyle UK (SFE), “the leading UK-focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market”, last month it was lower profit on lower revenue, but a maintained dividend. Now an HSE Court Case Update

Nanoco Group – interims, what’s the “encouraging progress in commercialisation”?

Published 411 days ago

Self-styled “a world leader in the development and manufacture of cadmium-free quantum dots and other nano-materials”, Nanoco Group (NANO) has announced results for its half-year ended 31st January 2018, emphasising “encouraging progress in commercialisation, supported by a strengthened balance sheet”. Hmmm, let’s see how encouraging progress is...

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

Published 412 days ago

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

Topps Tiles – after Q1 “an encouraging start”, what about Q2?

Published 417 days ago

In January Topps Tiles (TPT) stated “an encouraging start to the new financial year with like-for-like sales in Q1 up by 3.4%”. Today a further Trading Update

Hornby – argues “we have managed to make a lot of progress”, BUT…

Published 418 days ago

Previously writing on hobby products company Hornby (HRN) it was results, ‘new strategy’ & fundraising - the latter at the prior closing share price of 29.5p. Though, also noting trading including “softer market demand over the summer months and increased competition in the important UK Independent channel”, I concluded that I’d continue to monitor but avoided the shares. Today a Trading Statement announcement…

Grafenia – argues positioning to exploit ‘graphics sector convergence’… but for now it’s another trading warning!

Published 428 days ago

Though down from 16p+ in 2016, shares in Grafenia (GRA) had recovered from circa 7p in the summer to above 12p before a latest Trading Statement

Crawshaw – “Directorate Change and trading update”. Uh oh…

Published 429 days ago

In January, at above 10p, I concluded on Crawshaw Group (CRAW) that I don’t expect further detail to be encouraging and continued to avoid the shares. Today a “Directorate Change and trading update” announcement - and the shares currently approaching 30% lower on the day, around 4p…

Safestyle UK – 2017 results, mighty dividend yield an attraction - or a warning?

Published 429 days ago

Its shares having fallen from more than 300p less than 9 months ago to 90p, Safestyle UK (SFE), “the leading UK-focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market”, has announced 2017 calendar year results…

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

Published 430 days ago

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

Ilika – collaboration agreement, argues “large global markets” potential but still cash crunch first?

Published 432 days ago

Ilika (IKA) has announced a collaboration with PragmatIC and Arm Holdings to further progress development in ultra-thin and flexible semiconductor technology for mass market applications - and the shares have currently responded higher above 24p. So what’s the detail?...

DX Group – update from another high-yield AIM IPO disaster from Zeus Capital

Published 433 days ago

Having commented on the further “AIM IPO shame (thanks AGAIN Zeus Capital!)” from Accrol Group (ACRL) earlier, I note also an announcement today from DX Group (DX.) – shares down from a 2014 100p per share AIM IPO to a current sub 7.5p. Nomad and broker on the listing?...

OneView Group – ‘Short Term Loan Facility’ (again!)… What beyond this?

Published 436 days ago

I’ve been warning on OneView Group (ONEV) since it went from “remains confident” in September 2016 to “likely to be below market expectations” the following month! The shares had then been hit to below 4p… But they’re now circa 12p aren’t they? A September 2017 10-to-1 share consolidation though needs to be factored in - and today there’s a 10:21am Short Term Loan Facility announcement…

SThree – Q1 update has its attractions… but attractive enough?

Published 436 days ago

Previously writing on specialist staffing company SThree (STHR) I concluded it may be relatively well placed, but macro concerns saw me cautious on the shares. Today a Q1 Trading Update

Zinc Media – half-year trading “mixed”, reason for second half confidence?

Published 437 days ago

I’ve previously cautioned on shares in Zinc Media (ZIN) - most recently HERE, and note they currently approaching 17% lower today, towards 0.60p, on the back of a half-year results announcement…

Alumasc – profit warning… & what it means for forecasts

Published 438 days ago

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

ECSC Group – 2017 results, further share price decline – you were warned

Published 438 days ago

Cyber security services group ECSC (ECSC) has announced results for 2017 including noting “corporate decision-making cycles have been longer than anticipated”, but with CEO Ian Mann arguing “following a year of transformation, ECSC now has a platform to pursue the opportunity in the cyber security market”. Hmmm…

Escape Hunt – site opening ‘delight’… so why are the shares somewhat depressed?

Published 440 days ago

‘Escape the room’ games company Escape Hunt (ESC) is “delighted” to announce the opening of an owner-operated site in Bristol and “excited about the further openings in the coming months”. However, the shares are a currently unchanged 113.5p – down from a 135p May AIM admission. Hmmm…

Conviviality – from current year “confidence” to “approximately 20% below current market expectations” in less than 6 weeks!

Published 442 days ago

Having in end-January results stated “confidence for both achieving current year board expectations, as well as the group's longer-term performance”, a 3:07pm “Trading update” from Conviviality (CVR)…

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

Published 443 days ago

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

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

Published 443 days ago

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

Cambria Automobiles – “well placed to continue to deliver on its strategy”, so why are the shares down again?

Published 445 days ago

Although already down from more than 80p in May 2016 towards 60p, shares in automobiles dealerships group Cambria (CAMB) are presently further lower on the back of a trading update including “trading in line with market expectations” and concluding “the board believes that the group is well placed to continue to deliver on its strategy of enhancing the group's portfolio”. Hmmm…

OneView Group – do latest updates support this as “leading provider” to the retail industry?

Published 450 days ago

Previously writing on OneView Group (ONEV), it was ramptastic “Commencement of Australia Post Project” RNS. Wonder why? This week has now seen Short Term Loan Facility and CEO Appointment announcements…

Tandem Group – shares up on 2017 “significantly ahead of the prior year”… but what about 2018?

Published 451 days ago

Sports, leisure and mobility equipment group Tandem (TND) has updated on trading – and the shares are currently 18% higher to 115p in response. Should be good then…

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

Published 451 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…

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

Published 452 days ago

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

Dillistone Group – “GatedTalent signs 100th client contract” announcement. Ramptastic?

Published 453 days ago

“GatedTalent signs 100th client contract”-entitled announcement from recruitment industry software group Dillistone (DSG). Sounds ramptastic, let’s take a look…

Crimson Tide – argues “very encouraged by our growth”... but what does the valuation demand?

Published 453 days ago

Crimson Tide (TIDE) “is pleased to provide this trading update for the year ended 31 December 2017, and to bring the market up to date on its plans for continued expansion”. Hmmm, almost two months after the year-end – and with the previous such update not having been since September-announced half-year results…

Dialight – 2017 results, argues “confident of delivering future growth” – but is this justified?

Published 454 days ago

Industrial LED lighting technology company, Dialight (DIA) has announced results including “we remain excited by the group's prospects over the medium to long term and are confident of delivering future growth”. Hmmm, what about now then?...

Eckoh – “US Contract Win and Partnership”, but set for a step-change in earnings growth?

Published 454 days ago

Eckoh (ECK) has announced it “has secured a four-year contract to provide its Secure Payments solution, CallGuard, to a US Fortune 250 retailer, and a partnership with a global payments solutions company in the US”. Sounds good, what’s the detail?...

Zytronic – AGM Trading Update, valuation still look little (if any) better than fair enough?

Published 458 days ago

I previously wrote on touch sensors company Zytronic (ZYT) in December, concluding then that a circa 500p share price looked little, if any, better than fair enough. There is now an update on the first four months of its current financial year…

Flowgroup – from has working capital “to grow” to working capital funding having been required in 5 months!

Published 459 days ago

Previously writing on energy services company Flowgroup (FLOW) in December I concluded there looks much to do, including noting potential working capital support required. There’s now a Funding Facility and Related Party Transaction announcement…

Hardide – emphasises “positive” & “confident”, but when’s the jam to be delivered?

Published 459 days ago

Having risen above 2p in 2014 and then declined to commence 2017 at well below 1p, last year saw a recovery in shares in surface coating technology company Hardide (HDD). It’s now updated in conjunction with its AGM…

Zinc Media – a ‘new’ CEO… more than 19 months after the last!

Published 464 days ago

At the start of July 2016 it was announced that CEO Mark Wood would be stepping down with immediate effect. Now, TV and multimedia content producer Zinc Media (ZIN) “is pleased to announce the appointment of David Galan as Chief Executive Officer with immediate effect”. Hmmm, what’s the story here?...

Footasylum – what growth to expect following recent AIM listing?

Published 465 days ago

I reviewed Footasylum (FOOT) on its November AIM listing being followed with a director buy announcement, concluding cautiously with the shares then at 209.5p. They would go on to commence 2018 at more than 250p, but are currently back to just over 200p…

Intercede – argues “strategically important” contract award… though still how’s the balance sheet?

Published 466 days ago

Cybersecurity group Intercede (IGP) has announced a New Contract Award, which it emphasises “is a strategically important project that exploits many of the new technologies Intercede has developed over the last two years”...

7digital – 2017 “better than market expectations”… but it’s talking “adjusted LBITDA”!

Published 471 days ago

Year End Trading Update from 7digital Group (7DIG) includes “revenue for 2017 is expected to be up 52% at £17.3m” and “losses at adjusted LBITDA level are expected to be significantly reduced from the previous period and be better than market expectations”. The shares have nudged ahead to 5p – though I note this still well down from start of 2017 levels…

Dillistone – shares soar on ramptastic trading update; how’s the balance sheet?

Published 471 days ago

Shares in Dillistone Group (DSG) are currently more than 20% ahead, heading towards 80p, on the back of a Trading Update & Notice of Results announcement… but then they were also approaching 100p around a year ago, so what’s the story here?...

Nanoco – emphasises a “scale-up and mass produce” agreement… what’s the financial detail?

Published 472 days ago

Shares in Nanoco Group (NANO) are currently racing ahead on the back of a Material Development and Supply Agreement announcement, with a sub-heading; “New partnership includes infrastructure investment, development, milestones and commercial supply agreement”. So, what’s the detail?...

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

Published 472 days ago

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

Christie Group – expects “a significant improvement” in results, why the muted share price response?

Published 474 days ago

Leisure, retail and care sector professional business services group Christie (CTG) has updated including “second half trading has been stronger than the first-half, and the 2017 full year results are expected to represent a significant improvement on the previous year”. However, I note a current just over 100p share price compares to more than 150p in early 2016. Hmmm…

Eckoh – “secures six sizeable UK contracts”. Significant growth ahoy then?

Published 475 days ago

Secure payment and customer contact technology company Eckoh (ECK) is “very pleased with the recent progress we have made in the UK”, this including that it “has since interim results on November 22nd 2017 secured six sizeable UK contract wins across the payments, insurance, healthcare and mobile telecoms sectors - the latter being a contract with one of the UK's largest mobile network providers”. Significant growth ahoy then? Er…

Comptoir Group – “above market expectations”… but how impressive is this?

Published 478 days ago

In June 2016 Comptoir Group (COM) was “pleased to announce its admission to trading on AIM” at a placing price of 50p per share, stating it “provides us with the platform to accelerate the growth of the business”. Now the Comptoir LibanaisYalla YallaShawaLevant and Kenza restaurant group is “pleased to report that trading for the 52 weeks to 31st December 2017 was above market expectations”. The shares have responded, er, less than 3% higher to, er, 19.5p. Hmmm…

OneView Group – ramptastic “Commencement of Australia Post Project” RNS. Wonder why?

Published 481 days ago

OneView Group (ONEV) “is pleased to announce that it has commenced a project with the Australian Postal Corporation (Australia Post)”, with CEO Stuart Mitchell adding “we have been engaged in a vendor evaluation process with Australia Post for over twelve months and are delighted to have been selected for this sole source contract”. Certainly sounds good, what’s the detail?...

DP Poland – with now more than 50 stores, how useful is the latest ‘Trading Update’?

Published 481 days ago

The company with the exclusive right for, and to sub-franchise, Domino's Pizza stores in Poland, DP Poland (DPP) has updated including “2017 delivered significant growth in system sales, through a combination of robust like-for-likes and 19 store openings”. With I having previously noted interims particularly emphasise EBITDA & “variable profit”. Wonder why?, what’s the latest detail?...

Cloudbuy – warns on revenue, when will the cash run out?

Published 486 days ago

AIM-listed Cloudbuy (CBUY) issued a trading statement yesterday in relation to the full year to December 2017. The good news is that bullshit earnings (EBITDA) will be broadly in line – ie a slight miss – at around half that of the previous year. The bad news is that revenues are below expectations. Uh-oh.

OneView Group – having raised £3.9 million in June… has now needed to take a short-term loan!

Published 487 days ago

I previously wrote on OneView Group (ONEV) in February; following ramparoonie, admits “now considering an equity fund raising” (natch). It subsequently raised £3.9 million at 1.5p per share, a 25% discount (there has since also been a 1-for-10 share consolidation), with CEO Stuart Mitchell stating “since inception we have been consistently undercapitalised and look forward to putting these funds to work to propel our growth forward in the interests of all our stakeholders”. There’s now though an announcement of “Short Term Loan Facility”!...

LoopUp – updates “ahead of market expectations” & “remain confident”, so why are the shares lower?

Published 487 days ago

Remote meetings software group LoopUp (LOOP) has updated including “continued strong business performance ahead of market expectations” and “we remain confident in our ability to deliver future growth”. The shares have currently responded more than 4% lower, to 375p. Hmmm…

Eagle Eye Solutions – a trading update it “is pleased to announce”, but how’s that cash position going?

Published 488 days ago

Previously writing in November on promotions and rewards technology group Eagle Eye Solutions (EYE) I noted argues “delivering on our strategy”, but cash concerns - cash burn having taken cash at the end of September down to £1.7 million. Now the company “is pleased to announce” a trading update for its half year ended 31st December…

Goals Soccer Centres – ‘investment delivering improvement’, ‘progress from strategic recovery plan’. Hmmm…

Published 489 days ago

Previously writing on Goals Soccer Centres (GOAL) it was a month after interim results disappointment, “directorate change” - with I concluding, with the shares at circa 90p, “I’d suggest Jones’ impending departure after little more than 15 months in-situ a further far from encouraging sign of the outlook here. I continue to avoid”. Today a “Post Close Trading Update”

Stadium Group – “in line” with expectations “following the trading update in November”. What was that trading update then?

Published 493 days ago

Technology products and electronic assemblies group Stadium (SDM) “announces that trading for the year ended 31 December 2017 was in line with management's expectations following the trading update in November 2017”. What was the November trading update then?... Ah!...

WANdisco – trading & research updates, exciting opportunity in front of it?

Published 493 days ago

I note shares in data management technology company WANdisco (WAND) have significantly recovered since I previously wrote and yesterday saw a “Trading Update” announcement and today a research update…

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

Published 494 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?...

Van Elle – Carillion exposure update, interims due soon

Published 495 days ago

Geotechnical engineering contractor Van Elle (VANL) has updated regarding the demise of Carillion plc as it “carries out regular work for Carillion as a specialist lead sub-contractor, principally in respect of rail improvement and maintenance work where Network Rail is the end customer”

Escher Group – ‘confirms the potential of its technology in the digitisation of branch-banking processes’… or does it?

Published 495 days ago

On Friday software group Escher (ESCH) noted financials “marginally ahead” on previously suggested and it’s now emphasised a “very positive” first deployment of its ‘Riposte’ platform in a pure banking environment, stating “confirming the potential of our technology in the digitisation of branch-banking processes”. Hmmm…

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

Published 495 days ago

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

Carclo – with I previously stating credibility needing to be regained, a trading update…

Published 496 days ago

I previously wrote on Carclo (CAR) in late 2016 – noting the company stating some encouragement but that credibility needed to be regained. Today a trading update for its year ending 31st March 2018 and…

Escher Group – “marginally ahead” of 14th November “Trading Update” (it means profit warning!)

Published 499 days ago

Postal, retail and financial industries point of service software provider Escher Group (ESCH) has updated including “revenue is expected to be marginally ahead of the figure published in the Trading Update on 14 November 2017 and adjusted EBITDA is expected to be in the order of $2.8m”. The shares have responded slightly higher to a current 137.5p, though that compares with 200p exceeded last year…

Marshall Motor Holdings – emphasises 2017 “ahead of our previously upgraded expectations”, but what about the outlook?

Published 500 days ago

Last week I was cautious on Cambria Automobiles (CAMB) noting macro concerns, today there’s a pre-close statement from fellow AIM-listed Marshall Motor Holdings (MMH)…

Quiz plc – emphasises “Strong trading across the Group's omni-channel business model”, so why a muted share price response?

Published 501 days ago

“Christmas Trading Update” from Quiz plc (QUIZ) is headlined “Strong trading across the Group's omni-channel business model”, yet from a 161p per share July AIM listing and almost 190p re-reached in October, the shares are currently little changed at around 150p. Hmmm…

ECSC Group – “pleased to announce” trading “in line”, so why a c. 20% share price fall?

Published 501 days ago

Cyber security services group ECSC (ECSC) has updated, including that it “is pleased to announce that trading performance for the 12 months ended 31 December 2017 was in line with market expectations”. So why a current circa 20% share price decline, below 200p?...

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

Published 501 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…

Ilika – interims, more funding to again be needed? Larger capacity batteries the fuel?

Published 502 days ago

Self-described “pioneer in solid-state battery technology and materials innovation”, Ilika (IKA) has announced results for its half year ended 31st October 2017 emphasising that it “has delivered a series of Stereax development and deployment partnerships which are driving revenue growth and enhancing insight into the addressable sectors for its technology”. Sounds promising…

Tasty – 2017 trading update states “in line”, so why the precipitous share price decline?

Published 502 days ago

Trading Update for the 2017 calendar year from Tasty plc (TAST) includes that “trading for the period has been in line with expectations”. However, the shares are currently a further more than 5% lower below 30p having commenced 2017 at more than 140p. Hmmm…

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

Published 502 days ago

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

Crawshaw – “a solid platform to improve trading momentum going into 2018”. Er, really?!

Published 506 days ago

An update on the 15 weeks to 24th December from Crawshaw (CRAW) commences “Continued progress was made in the period against the group's strategy to strengthen its position as Britain's leading value butcher, delivering great quality fresh meat at amazing value everyday” and sees CEO Noel Collett stating “our biggest ever Christmas week and the record number of meat hampers sold clearly demonstrates the trust our customers place in us for their most important meat spend of the year. This gives us a solid platform to improve trading momentum going into 2018”. Sounds encouraging…

Cambria Automobiles – continues “in line”, but value or value trap?

Published 507 days ago

Previously writing on Cambria Automobiles (CAMB) I stated trading “in line”, but can that be continued? Today there’s an announcement of “Franchising developments & AGM trading update”

Applied Graphene Materials – argues at AGM “pleased with the progress”, BUT…

Published 508 days ago

With “the number of active engagements increased significantly in the year and currently stands at around 100”, an AGM statement from Applied Graphene Materials (AGM) emphasises “the board remains pleased with the progress that the group is making towards the commercialisation of its products and proprietary technologies… Following on from our initial production orders the business secured additional production orders”. Sounds encouraging…

WYG – “pleased” with Turkey cash received, BUT…

Published 509 days ago

Project management and technical consultancy WYG plc (WYG) has updated having noted in its December half-year report a build-up of working capital in Turkey and that “we expect significant cash receipts from our business in Turkey before the calendar year end”

Mobile Streams – AGM statement includes ‘gradually establishing itself in the India market’, BUT…

Published 520 days ago

An AGM statement from mobile media company Mobile Streams (MOS) commences “in India, Mobile Streams is gradually establishing itself in the market by working with the majority of telecom operators and forming relationships and partnerships with a number of the industry's leading players”. Sounds promising…

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

Published 520 days ago

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

Transense – trading “benefitted from an increased contribution from both Probes and iTrack II” BUT…

Published 521 days ago

An AGM statement from Transense Technologies (TRT) commences “trading since the start of our financial year in July has benefitted from an increased contribution from both Probes and iTrack II”. Sounds encouraging…

Van Elle – wins at EGM… but founder warns again

Published 521 days ago

Previously writing on Van Elle (VANL) I noted the founder-seeking-to-return EGM requisitioner hits out again ahead of the meeting. The company has since been “pleased to announce that, at the General Meeting… all the Ellis Resolutions were defeated by shareholders” - and Michael Ellis has responded…

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

Published 523 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?...

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

Published 526 days ago

A 23rd October Trading Update from industrial LED lighting technology company Dialight (DIA) was an outsourced manufacturing issues profit warning, though included Chief Executive Michael Sutsko stating they “are being addressed over the coming months”. There’s now been a Trading Statement… at 1:36pm (and a broker update)…

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

Published 528 days ago

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

Best of the Best – increases VAT recovery claim, but hit by currently expected impact of Remote Gaming Duty

Published 528 days ago

An “Update on VAT Claim and Share Buy-Back” announcement from competitions to win luxury cars company Best of the Best (BOTB). This includes that the company intends to conduct buy-backs of shares for cancellation “as and when they become available at volumes and prices that, from time to time, the Board of BOTB considers appropriate”. So a good tax update then? Er…

Brave Bison – developing “slower than originally anticipated” & continuing cash burn. Uh oh…

Published 535 days ago

Half-year results saw Brave Bison (BBSN) emphasise “an encouraging start to 2017, bringing us significantly closer to profitability”. Optimism then for a Trading Update today…

Walker Greenbank – updates following fire at its Loughborough wallpaper factory

Published 535 days ago

Having declined towards 120p following a profit warning last month, shares in luxury interior furnishings company Walker Greenbank (WGB) had recovered above 130p before an intra-day (12:28pm) Update re Anstey Wallpaper Company announcement…

Intercede – new contracts… but take a look at the balance sheet

Published 537 days ago

Intercede (IGP) has announced “a contract with a UK Government Ministerial department”, following half-year results and “a contract with a large European bank” last week…

Flowgroup – now from customer growth “a key target” to “should maintain” number of customer accounts in just a few months

Published 541 days ago

The first paragraph of a Trading Update and Directorate Change announcement from Flowgroup (FLOW) includes “significant cost savings and management changes, to bring forward profitability by six months to the year commencing July 2018”. The shares are though approaching 10% lower, at 0.64p, on the back of the announcement…

St. Ives – emphasises “ahead of management's expectations”… but another earnings decline still currently expected

Published 541 days ago

Marketing services group St. Ives (SIV) has updated on recent trading “ahead of management's expectations” - and the shares have currently responded more than 6% higher towards 80p…

Transense Technologies – “pleased to announce” further contract, but how’s the financial position?

Published 545 days ago

Having previously stated I remained cautious on Transense (TRT), I note the sensor systems technologies company “pleased to announce… a further contract through its Chilean partner Otraco, to supply 40 iTrack II mining tyre monitoring systems for large haul trucks at the BHP Billiton mine Cerro Colorado” - and its shares currently more than 4% higher, at 73.5p, on the day…

Ilika – trading update offers more jam tomorrow, whilst today more cash burn ahoy

Published 549 days ago

Self-described “pioneer in materials innovation and solid-state battery technology”, Ilika (IKA) has updated on its half-year ended 31st October 2017, including CEO Graeme Purdy commenting “our proven innovation engine for novel functional materials has been firing on all cylinders in the first half of this year”. What has tangibly been delivered though Graeme?...

Stanley Gibbons – Guernsey investment division administration

Published 550 days ago

The recent history of Stanley Gibbons Group (SGI) together with a 12:15pm “Update” announcement don’t suggest good news… and the news is its Guernsey investment division has appointed administrators…

Empresaria – profit warning, legislation changes & macro weakness bite

Published 551 days ago

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

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

Published 552 days ago

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

Hornby – results, ‘new strategy’ & fundraising. But is turnaround really ahoy?

Published 554 days ago

Previously writing on models and collectibles company Hornby (HRN), I noted no longer offering bulk sales at a discount & profit warning, but would it have been profit warning anyway? We now have the results for the six months ended 30th September 2017, a strategy update and a placing and open offer announcement…

Nature Group – shares soaring on “Strategic Partner & sale of interest in US”. BUT…

Published 555 days ago

I first warned on shares in Nature Group (NGR) on this website at 11p in 2014 HERE and further since – most recently in June of this year; without additional material contracts in the short term, it’s cash crunch ahoy! The shares have recently been around 3p, but are currently soaring on the back of a “Strategic Partner & sale of interest in US” announcement…

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

Published 557 days ago

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

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

Published 558 days ago

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

Van Elle – General Meeting requisition from founder seeking to return

Published 559 days ago

Van Elle Holdings (VANL) listed on AIM at 100p per share little more than a year ago, with at the time Chairman Michael Ellis “absolutely delighted to have successfully brought Van Elle to the AIM market… there is significant opportunity ahead and admission to trading on AIM will help us to accelerate the growth of the business” and Chief Executive Jon Fenton; “I look forward to reporting on our progress as we embark on the next stage of our exciting journey”. Less than two months later it was announced that Ellis was to retire… but he is now seeking to return...

Cellcast – argues more optimistic about trading… but fund redemption problem

Published 559 days ago

Shares in interactive broadcast and gaming services company Cellcast (CLTV) are currently among the top fallers today on the back of an “Update re Lexinta Fund and trading update” announcement…

Aeorema Communications – 11:15am full-year results announcement… & dividend slashed

Published 562 days ago

Writing in September on Aeorema Communications (AEO) I concluded that I continued to avoid, at least ahead of the further results detail. The results for the company’s year ended 30th June 2017 have now been announced – at 11:15. Hmmm…

Prime People – half-year results, expects some second half improvements BUT…

Published 562 days ago

I updated cautiously on Prime People (PRP) last month HERE and the specialist recruitment group has today announced results for its half year ended 30th September 2017…

Eagle Eye Solutions – argues “delivering on our strategy”, but cash concerns…

Published 563 days ago

An AGM statement from promotions and rewards technology group Eagle Eye Solutions (EYE) opens with that “the year ended 30 June 2017 was a successful period for Eagle Eye that saw us exceed management's original revenue expectations... The group's momentum has continued into the current financial year and Q1 FY2018 has delivered revenue growth of 36% to £3.1m”. However, revenue is vanity, cash is reality…

RhythmOne – “brand consolidation” announcement amidst share price slide

Published 563 days ago

Last week RhythmOne (RTHM) “note(d) the recent weakness in its share price and confirms that it is not aware of any developments since the release of its Trading Update on 17th October 2017 that would change the outlook contained in that statement”. The shares have since continued to fall and there is now a “RhythmOne announces brand consolidation” announcement…

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

Published 564 days ago

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

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

Published 564 days ago

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

Grafenia – interims; balance sheet deterioration & profit warning

Published 565 days ago

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

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

Published 566 days ago

A 5th October trading statement saw Intercede Group (IGP) Chairman & CEO Richard Parris conclude with “confidence that we will experience a strong second half to the financial year, notwithstanding likely budget difficulties in our traditionally large US government customer base”. Now another “Trading Update”?...

System1 Group – further down following recent interims, where now for the shares?

Published 572 days ago

Last writing on marketing services group System1 (SYS1), the former BrainJuicer Group, I concluded with the shares at 530p that I’d currently continue to avoid. Following recent results for the six months ended 30th September 2017, the shares are presently further lower, towards 400p…

LightwaveRF – as warned, following the ‘pump’…

Published 573 days ago

Writing less than two weeks ago on LightwaveRF (LWRF), my conclusion included the latest announcement has currently helped the shares back above 19p. However, this compares to more than 29p reached last month – the market also questioning cash crunch ahoy? And is this latest thus “fantastic to confirm” as it will aid a fundraising? There is now a “Proposed Placing to raise £5 Million & Open Offer” announcement – and the shares are currently down to 16.5p…

Vitesse Media – half-year results, when’s real profitability?

Published 576 days ago

Writing on Vitesse Media (VIS) in August with the shares at 2.75p, I concluded that with it placing ahoy and the results having shown increased losses, for now I’ll be avoiding. The company has now announced results for its half year ended 30th September 2017…

Zinc Media – acquisition it is “delighted to announce”, but accompanying placing which is far from delightful

Published 577 days ago

Following a positive share price performance since late last month-announced results for its year ended 30th June 2017, with there also subsequently a “Contract Extension” announcement and the shares last closing at 1.15p, there is now from Zinc Media (ZIN) an announcement of a “Proposed Acquisition and Placing to Raise £3.5m” - at 0.90p…

Distil – interims emphasise “key brands have outperformed”, so why are the shares lower?

Published 579 days ago

Owner of RedLeg Spiced Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, Jago's Cream Liqueur and Diva vodka, Distil (DIS) has announced results for its half year ended 30th September 2017 and that its “key brands have outperformed each of their respective categories overall during the period”. However, the shares have responded currently 4% lower back to 3p…

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

Published 580 days ago

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

DX Group – dire results, new board undertaking “a thorough review”

Published 582 days ago

Mail, parcels and logistics operator DX Group (DX.) has announced results for its year ended 30th June 2017, a self-described “especially challenging period”. These ain’t going to be good then…

eServGlobal – following the recent pump…

Published 583 days ago

At the end of June I commented on eServGlobal (ESG) that the interims argue “strong outlook” & Homesend “sales expansion”, but that the financials remained troubling. There’s recently been a pump – 2nd October; “HomeSend progress in the banking market”, 10th October; “eServGlobal outlook and business update” announcements – seeing the shares up from sub 8p at the end of last month to above 12p, closing yesterday at still above 10p… and so now “the company is pleased to announce”

Comptoir Group – property sale following poor time since IPO, but now more confidence for expansion?

Published 584 days ago

Lebanese and Middle Eastern-offering restaurant group Comptoir (COM) has announced a pre-costs £2.69 million property auction sale of its central processing unit, with it to “use funds raised from the sale for general working capital purposes and to assess further new restaurant opportunities”. The shares have responded from 16.5p to a current 23.5p…

Prime People – 1:37pm “Trading Update”. Uh oh…

Published 585 days ago

Specialist recruitment group Prime People (PRP) was a former recommendation on the Nifty Fifty website, though we opted to play it safe and sell towards the end of last year – with macroeconomic and some trading concerns. I today note a (rarely good sign) intra-day “Trading Update” announcement from the company…

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

Published 586 days ago

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

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

Published 586 days ago

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

System1 Group – trading update, more lack of visibility concern?

Published 587 days ago

Previously writing on the former BrainJuicer Group, now System1 Group (SYS1), in August I noted the lack of a Benjamin Graham ‘margin of safety’ biting as the shares slid to 635p and that I continued to avoid. The shares are currently at 530p on the back of a further trading update…

Provident Financial – update from this, another, Neil Woodford nightmare

Published 590 days ago

Following a calamitous trading statement in August, there is now another “Trading Statement” announcement from Provident Financial (PFG) – this emphasising home credit business recovery plan progress and seeing the shares currently sparking higher. So, what’s the detail?...

Goals Soccer Centres – a month after interim results disappointment, “directorate change”

Published 591 days ago

Following a 12th September interim results announcement which saw me consider it clearly tough operating conditions and (further) forecast downgrades ahoy, Goals Soccer Centres (GOAL) has now made a “Directorate Change” announcement…

Renold – again “Trading Update” = Profit Warning

Published 591 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…

Universe Group – a roll-out commencement reassuring following interims? Er…

Published 591 days ago

Point of sale, payment and on-line loyalty systems group Universe (UNG) has announced it has commenced the roll-out of its new Gempay 3 payment solution to fuel forecourts – and the shares have responded more than 5% higher. So, good news following recent interim results concern?...

Quiz plc – “trading update”… but what about profit & cash?

Published 592 days ago

Having IPO’d on AIM at 161p per share in July, shares in fast fashion womenswear retailer Quiz (QUIZ) initially rose towards 200p before recently sliding back towards 170p. However, having announced that it would release a trading update for the six months ended 30th September on 11th October, the stock rebounded to a 187p close prior to the announcement. The following updates with it currently retreating to 180p…

SRT Marine Systems – half year trading update, it was cash crunch ahoy

Published 593 days ago

Previously writing on maritime domain awareness systems company SRT Marine (SRT) I questioned OCEAN-SCAN satellite system decision conveniently timed re. cash position? There is now a six months ended 30th September trading update…

FreeAgent – “pleased to report” trading statement, so why are the shares more than 8% lower?

Published 593 days ago

FreeAgent Holdings (FREE), a provider of cloud-based accounting software and mobile applications designed specifically for UK micro-businesses, “is pleased to report continued strong revenue growth with an evolving channel mix”. The shares have currently responded more than 8% lower, to 83p. Hmmm…

Digital Barriers – Video business sale to enable focus on “rapid, organic and profitable growth of Thruvision”. Really?

Published 593 days ago

Previously writing on Digital Barriers (DGB), I concluded bearishly despite a “Framework Contract and Trading Update” announcement attempting to emphasise positives. Now there is an announcement of a conditionally agreed sale of its video business, noting “uncertain nature and timing” of growth and “to continue as it is would stretch the resources available to the existing group within its current structure”. Hmmm, not a great combination…

DX Group – bailout fundraising & new management ahoy

Published 594 days ago

Towards the end of last month I noted on DX Group (DX.) forget the planned investment, the repayment of HSBC clearly means it has been, and remains, a scramble to prevent cash crunch ahoy. There’s now a “£24m Fundraising, CEO Appointment & Board Changes” announcement…

21st Century Technology – shares down on contract win, balance sheet fears?

Published 598 days ago

21st Century Technology (C21) “is pleased to announce it has been awarded an important on-vehicle safety systems engineering contract with a major UK bus fleet operator worth just over £1m”. The shares have though responded slightly lower to 2.875p…

Hornby – new CEO, an investment in a company he is the majority shareholder in to follow? Hmmm…

Published 600 days ago

Previously writing on Hornby (HRN) in June I noted CEO Steve Cooke having stated “having returned the group to a sound financial footing we are now in a position to focus on the next stage of the turnaround plan which will see Hornby progress back to profitability and positive cash generation”. There’s today an “Appointment of CEO” announcement!...

Castings – a 2:32pm “Board change and trading update” announcement. Uh oh…

Published 600 days ago

A 2:32pm – and thus clearly unscheduled – “Board change and trading update” announcement yesterday from Castings plc (CGS) immediately suggested uh oh…

Stanley Gibbons – results & a revised division sale see shares slide again

Published 601 days ago

Collectibles group Stanley Gibbons (SGI) has announced results for its year ended 31st March 2017 and a revised sale of a division. The shares have currently responded more than 13% lower towards 8p…

Crawshaw – half-year results include “impressed by the progress”. Really?

Published 604 days ago

Crawshaw (CRAW) has announced results for its half year ended 30th July 2017, including emphasising “progress made against strategy to position Crawshaws as Britain's leading value butcher, delivering great quality fresh meat at the lowest possible price”. However, the shares have responded more than 12% further lower to 18p…

Card Factory – review as CEO argues “a solid set of interim results”… and the shares respond 15% lower

Published 607 days ago

Shares in retailer Card Factory (CARD) are currently down approaching 15% on the back of results for its half year ended 31st July despite CEO Karen Hubbard arguing “we have delivered a solid set of interim results with strong growth in like-for-like sales and total revenue, despite the decline in footfall seen across the high street”. Hmmm…

Mi-Pay – “pleased to present” interims… so why are the shares materially down?

Published 607 days ago

Describing itself as “a leading provider of digital transformation and mobile payment solutions to Tier 1 Mobile Network Operators and Mobile Virtual Network Operators”, Mi-Pay (MPAY) “is pleased to present its unaudited interim results for the six months ended 30 June 2017”. The shares have responded to, er, sub 15p - approaching 20% lower!...

SRT Marine Systems – OCEAN-SCAN satellite system decision conveniently timed re. cash position?

Published 608 days ago

Previously writing on SRT Marine Systems (SRT), I noted the company’s announcement including “with many thousands of buoys and remote maritime infrastructure worldwide we believe our significant technology, product and market investments place SRT in a dominant position within this promising new market segment”but that, instead of this jam tomorrow talk, it will be particularly pertinent to review subsequent cash flow and balance sheet information – that as at 31st March 2017 having showed slightly reduced gross and net cash of £1.8 million and £0.8 million respectively. We now have “OCEAN-SCAN Satellite System” and “£10 million working capital facility” announcements…

Goals Soccer Centres – argues “significant strategic progress” & “early signs of turnaround”, so why are the shares lower?

Published 621 days ago

A half year 2017 results announcement from Goals Soccer Centres (GOAL) is headlined “significant strategic progress in the period, early signs of turnaround”. The shares have responded… er, currently at 93.5p, more than 10% lower!...

Van Elle – argues first quarter “encouraging”, BUT…

Published 621 days ago

An update from Van Elle Holdings (VANL) ahead of its AGM today includes “trading in the first quarter of the financial year has been encouraging” and that the board “remains confident in its expectations for the current financial year as well as the long-term potential of the group”. Sounds encouraging…

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

Published 625 days ago

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

Audioboom – following another quarterly update with Rob omitting the meaningful financials, house broker updates…

Published 625 days ago

Audioboom (BOOM) was able to get its shares up by more than 12%, above 2p, yesterday on the back of a “Third Quarter Update”. Unfortunately though this was achieved by CEO Rob Proctor again substituting jam tomorrow verbiage for meaningful financials – as Tom Winnifrith noted in a BearCast HERE. There has since been an update by house broker Allenby Capital…

Fulham Shore – ANOTHER restaurant group profit warning

Published 627 days ago

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

Vipera – review as shares down on “pleased to announce” interim results

Published 628 days ago

Previously writing on mobile financial services company Vipera (VIP) in June as the shares rose above 6p, I questioned will it again need to be fundraising ahoy and concluded to avoid. The company is now “pleased to announce its unaudited interim results for the six months ended 30 June 2017” - but the market isn’t so pleased, sending the shares back to 6p…

Cambria Automobiles – trading “in line”, but can that be continued?

Published 628 days ago

I previously wrote on UK automobiles company Cambria (CAMB) in January as the shares slipped below 60p on the back of an AGM trading update. They subsequently recovered to 75p+, but have fallen back in recent months – and are now again sub 60p on the back of a trading update announcement…

Redcentric – “pleased to be able to report that trading is in line with expectations”. Hmmm…

Published 751 days ago

After announcing “Accounting misstatements” in November, Redcentric (RCN) is “pleased to be able to report that trading is in line with expectations” and “good sales momentum in the year” (to 31st March 2017). Hmmm…

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