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

Published 1 day 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 2 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 3 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 3 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 4 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 4 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 5 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 5 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 5 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 9 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 11 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 11 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 12 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 17 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 18 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 23 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 34 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 34 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 38 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 40 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 41 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 41 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 51 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 53 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 58 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 58 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 58 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 59 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 60 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 60 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 61 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 65 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 66 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 66 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 66 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 67 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 72 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 73 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 73 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 74 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 78 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 78 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 81 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 81 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 81 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 82 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 83 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 86 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 86 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 88 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 92 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 93 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 95 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 96 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 101 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 109 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 110 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 114 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 115 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 117 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 120 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 122 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 122 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 127 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 128 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 129 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 129 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 129 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 130 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 131 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 131 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 134 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 134 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 136 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 136 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 138 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 141 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 143 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 143 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 143 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 143 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 144 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 148 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 150 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 151 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 151 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 152 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 155 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 156 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 156 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 156 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 157 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 158 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 158 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 159 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 159 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 162 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 162 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 163 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 164 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 165 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 166 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 169 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 176 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 177 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 177 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 178 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 179 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 179 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 180 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 180 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 183 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 183 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 183 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 186 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 187 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 192 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 193 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 193 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 194 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 197 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 198 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 201 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 202 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 206 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 207 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 207 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 208 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 209 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 214 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 214 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 215 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 215 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 216 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 220 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 221 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 222 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 226 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 228 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 229 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 230 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 233 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 234 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 235 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 236 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 236 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 241 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 244 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 250 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 250 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 257 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 259 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 261 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 267 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 269 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 275 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 276 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 276 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 277 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 277 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 282 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 282 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 283 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 285 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 285 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 286 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 291 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 292 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 302 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 303 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 303 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 304 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 306 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 307 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 310 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 310 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 311 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 312 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 312 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 314 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 316 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 317 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 317 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 319 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 324 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 325 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 325 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 326 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 327 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 327 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 328 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 328 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 332 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 333 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 334 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 338 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 339 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 340 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 345 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 345 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 346 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 346 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 348 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 349 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 352 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 355 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 355 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 360 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 361 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 361 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 362 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 363 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 367 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 368 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 368 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 369 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 369 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 369 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 370 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 373 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 374 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 375 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 375 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 375 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 376 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 376 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 377 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 380 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 381 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 382 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 383 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 394 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 394 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 395 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 395 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 398 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 400 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 402 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 402 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 409 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 409 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 411 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 415 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 415 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 419 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 423 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 424 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 425 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 426 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 428 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 429 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 431 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 432 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 433 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 433 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 436 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 436 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 437 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 437 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 438 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 438 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 439 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 440 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 446 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 447 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 450 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 451 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 453 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 454 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 456 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 457 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 458 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 459 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 460 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 460 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 461 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 464 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 465 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 465 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 465 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 466 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 467 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 467 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 467 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 468 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 472 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 474 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 474 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 475 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 478 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 481 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 481 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 482 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 495 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 495 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 499 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 499 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 501 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 502 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 502 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 625 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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