Results

Touchstar – “pleased to announce” results… so why the 16%+ share price decline?

Published 10 days ago

“The Board of Touchstar plc (AIM:TST), suppliers of mobile data computing solutions and managed services to a variety of industrial sectors, is pleased to announce its final results for the year ended 31 December 2018”. The shares have responded currently more than 16% lower to below 34p. “Pleased to announce”, you say?...

Biome Technologies – AGM, Q1 update; Bioplastics potential but Stanelco RF Technologies concerns?

Published 25 days ago

Bioplastics and radio frequency technology business, Biome Technologies (BIOM) has updated including that “2019 has commenced in an encouraging manner, particularly for the Bioplastics division” – and the shares have currently responded higher to 380p, though still well down from their approaching 700p in January…

Universe Group – 2018 results, “well positioned for significant growth in 2019 and beyond”?

Published 26 days ago

Previously updating on point of sale, payment and loyalty systems group Universe (UNG) just over a year ago with the shares lower towards 5p, I wrote 2017 results, outlook “solid”… other than a “significant uncertainty”! – concluding I awaited a more reassuring announcement before considering from the watchlist. Recent results have now been followed by a “Directorate Change”

System1 Group – full-year trading update, share price recovery imminent?

Published 34 days ago

Previously writing on marketing services group System1 (SYS1) in November with the shares just under 200p, I concluded amidst a clearly continuing challenging trading environment… I’ll monitor with interest, but re. the shares currently continue to avoid. Now a year ended 31st March 2019 trading update…

Tasty – discounted fundraising bears out my prior caution, though where from here?

Published 37 days ago

Writing last month on Wildwood and dim t restaurants group Tasty (TAST) with the shares at 6.5p, I concluded that the noted trading and financial situation saw me retain prior caution. Today a placing & open offer announcement…

Walker Greenbank – full-year adjusted profit “in line with expectations”. Really?...

Published 40 days ago

Interior furnishings company Walker Greenbank (WGB) “is pleased to announce its financial results for the 12 month period ended 31 January 2019”. The shares commenced that year approaching 130p, ended it at sub 90p and are currently sub 60p – and slightly further lower on the results announcement. “Pleased to announce”?...

Intercede – large US Federal Government order… but a 60%+ share price rise?

Published 48 days ago

An announcement from Intercede Group (IGP) commencing that “Intercede, the leading specialist in digital identity, credential management and secure mobility, is pleased to announce that a large US Federal Government order totaling $4.3m was received” – and the shares have currently responded to 27p, more than 60% higher!...

James Halstead – strange name, decent company

Published 52 days ago

I like a company whose name does not give too much away as it probably means that many investor and analyst types will overlook it. This means that in today's results crop James Halstead (JHD) stands out…

Fulham Shore – trading update, a restaurant group with “continued confidence in the outlook”!

Published 53 days ago

Franco Manca and The Real Greek restaurant company, Fulham Shore (FUL) “is pleased to provide an update on trading ahead of the publication of the company's results for the year ending 31 March 2019, which are expected to be released in mid-July 2019”. A restaurant group “pleased to provide” an update, hey…

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

Published 60 days ago

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

Staffline – some EU success; “pleased to announce” contract wins… but enough to suggest a buy?

Published 68 days ago

Following an update & shares resume trading yesterday, a “£35 million contract wins” announcement from recruitment and training group Staffline (STAF) today…

Titon Holdings – UK trading “in line with expectations”, so overall ok then? Er…

Published 95 days ago

Ventilation systems and window and door hardware company, Titon Holdings (TON) has updated including “trading in the UK and the Rest of the World is in line with expectations” – but the shares are currently circa 35% lower, at around 130p (capitalising the company at approx. £14.5 million)…

CloudCall – following Tom’s Bearcast of an AIM CEO guide to misleading about a placing…

Published 109 days ago

A 15th January “Trading Statement” announcement from CloudCall Group (CALL), included “available cash reserves of £2.75m… Cash reserves decreased by approximately £1.5m in H2 2018, compared to £2.5m in H1 2018, and the company is already well advanced in preparations for its 2018 R&D tax credit claim which is expected to bring in an additional £0.75m in mid-2019” and “following its equity fundraise completed in November 2017, 2018 has seen the company make significant investments… as with most SaaS businesses, there is always a lag between making these investments and the resulting revenue growth, so I am delighted that we are now starting to see tangible acceleration in customer orders and user growth”. No need for more funds imminently then?... Now “Placing”!...

Maintel – “expected to be at the top end of the range”, so why are the shares still significantly lower than previously?

Published 111 days ago

A 2018 trading update from provider of communications, cloud and managed services Maintel (MAI) includes “adjusted EBITDA expected to be at the top end of the range” and “the board remains confident in delivering growth in both revenue and EBITDA for the current financial year to 31 December 2019”. The shares have responded higher to 460p – but this still compares to 650p at the commencement of November…

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

Published 122 days ago

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

Quiz plc – Christmas revenue +8.4%... so why an approaching 30% share price decline?

Published 129 days ago

“Christmas Trading Update” from fashion retailer Quiz plc (QUIZ) states revenue “increased by 8.4% in the six-week period from 25 November 2018 to 5 January 2019 against the comparable period last year”, with “the group's UK standalone stores and concessions revenue increased by 1.6%”. The shares have responded, er… approaching 30% lower, towards 25p!...

Brighton Pier Group – gloomy & hard-to-reach PIER follows inedible CAKE for Luke Johnson

Published 130 days ago

“Trading Update” from Brighton Pier Group (PIER) – and the shares currently down around 30%, at circa 45p. Uh oh – after the recent Patisserie Holdings (CAKE) debacle (and with its continuing share suspension), doesn’t look like things are getting any easier for ‘Lucky Luke’ Johnson…

Science Group – trading update & termination of formal sale process. Share price fall justified?

Published 157 days ago

“Consultancy providing applied science, product development, technology advisory and regulatory services to a client base in medical, commercial and food & beverage markets”, Science Group (SAG) has announced a “Trading Update; Termination of Formal Sale Process” – and the shares have responded currently more than 6% lower, towards 200p…

eServGlobal – 2:35pm big Brexit afternoon “Trading Update”. Uh oh…

Published 160 days ago

Previously writing on eServGlobal (ESG) in May it was with the company emphasising “the core business benefitting from a much-reduced cost base, which is already showing signs of progress against a refreshed sales approach”. Now a 2:35pm “Trading Update”. Hmmm – on a significant Brexit afternoon, an attempted no-one watching o’clock?...

Brave Bison – “Trading and Operational Update”, this time “pleased to provide” merited?

Published 165 days ago

Online ‘social video’ company Brave Bison (BBSN) “is pleased to provide a trading and operational update”. However, it has previously been ‘pleased’, or indeed “delighted”, in announcement ramparoonies (e.g. HERE). Is it different this time?

SRT Marine Systems – “£31 million VMS System Contract Award”, but a buy?

Published 167 days ago

Previously writing on SRT Marine Systems (SRT), I concluded that, with its track record, I await to see evidence of tangible progress before reconsidering from avoid. Today a “Contract award” announcement – and the shares currently up circa 11% at around 34p…

Triad Group – emphasises “good progress with a number of business development activities”, so why a 25%+ share price slump?

Published 174 days ago

The results announcement for its half-year ended 30th September 2018 from IT consultancy group Triad (TRD) includes “encouragingly, gross margin as a percentage of revenue has increased to 18.5% (2017: 16.8%)”“the group's cash position remains extremely healthy… has declared an interim dividend of 1p (2017: 0.5p)” and “the group has made good progress with a number of business development activities aimed at strengthening our profile and increasing our client base across the public and private sectors”. The shares are currently, er, more than 25% lower, towards 45p in response. Hmmm…

Judges Scientific – “to exceed current market expectations as increased in September”. Sounds promising…

Published 179 days ago

Buy and build of scientific instrument businesses-focused Judges Scientific (JDG) has updated including “the board expects earnings per share for the full year ending 31 December 2018 to exceed current market expectations as increased in September”. Sounds promising…

Prime People – half-year results, outlook still encouraging?

Published 182 days ago

Writing on Prime People (PRP) in the summer, I concluded I’d want further detail of stated ‘encouraging activity’ but on the watchlist and the braver might consider a small, speculative buy. Now half-year results from this ‘real estate & built environment, energy & environmental and insight & analytics sectors’ specialist recruitment group…

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

Published 194 days ago

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

Filtronic – argues “our outlook remains positive”… so why an 18% share price fall?

Published 206 days ago

An AGM statement from designer and manufacturer of products for the wireless telecoms and critical communications markets, Filtronic (FTC) is one the company “is pleased to provide” and includes “trading so far in the first half of FY2019 has been in line with our expectations” and “we are confident that our position overall continues to strengthen and our outlook remains positive”… so why are the shares currently circa 18% lower on the day, at around 17.5p?

Image Scan – “record number of industrial systems” & “strong” order pipeline, so why are the shares depressed?

Published 207 days ago

A trading update from X-ray screening systems company Image Scan (IGE) includes “record number of industrial systems were delivered” and “our order pipeline is strong”. So why are the shares still well down from more than 12p reached last year and even on the more than 3p of my prior update?...

Flowtech Fluidpower – “solid trading”… so why are the shares still heavily down from last month?

Published 209 days ago

Technical fluid power products supplier Flowtech Fluidpower (FLO) has updated on trading including “revenue during the first nine months of the current financial year increased by 54%, of which 6.7% was organic… Since reporting our HY1 2018 results and market update in September the business has experienced a solid trading period which remains in line with market expectations”. The shares have currently responded slightly higher, but a still sub 120p share price compares to approaching 180p last month. Hmmm…

Flowtech Fluidpower – “recent trading has remained positive”. Why the share price crash then?

Published 243 days ago

“Specialist full service supplier of technical fluid power products and services”, Flowtech Fluidpower (FLO) updated on trading in July – but the half-year results announcement today is currently accompanied by an approaching 30% share price fall, towards 120p. Hmmm…

Colefax – continued growth in ‘core US market’ enough to suggest a buy?

Published 248 days ago

July-announced results from interior decorations group Colefax (CFX) emphasised “exceptional performance from the Decorating division” and “continued growth in the core US market should underpin the group's expected performance in the current year”. Today an AGM statement commencing “since we announced our year end results in July the group's sales have performed in line with expectations”. Good news then?...

Pot stock Tilray On The Watchlist to short ahead of collapse

Published 249 days ago

It is true that it is not normally a great idea to short a company’s shares simply on the basis that its value is crazy because, as we all know, crazy can get a lot crazier. As a general rule it pays to wait for weakness in a crazy share price of, say 25%, rather than attempt to call the top.

21st Century Technology – H1 ‘increased profit’. Er, is there a profit at all?

Published 258 days ago

Fleet and passenger systems company 21st Century Technology (C21) has announced results for the first half of 2018, emphasising “the group has generated increased sales, gross profit and operating profit” and “expect our improved performance to continue”. What’s the detail then?...

Murgitroyd – intra-day “Trading update” concern justified?

Published 261 days ago

An intra-day (12:33pm) “Trading update” from Murgitroyd Group (MUR). Such intra-day ‘updates’ tend not to bode well…

Air Partner – “traded well over the first half”. Just how well?

Published 268 days ago

Air Partner (AIR) has updated including that it “traded well over the first half of the financial year” and “remains confident in the group's prospects for the full year and beyond”. Sounds encouraging…

Kingspan - insulation is a great theme...to be sure

Published 269 days ago

Top of the regulatory news pile for me today is Kingspan (KGP), the insulation products company with Irish heritage, that claims, in its new presentation document today, that 'in 2017 total energy saved by our insulation systems is equivalent to over one hundred million barrels of oil or the annual output of sixty-one power stations'. Well how worthy…

D4T4 Solutions – does “encouraging returns from our business investment programme” suggest the shares a buy?

Published 269 days ago

Data capture, management and analytics-focused D4T4 Solutions (D4T4) has updated including it is “seeing encouraging returns from our business investment programme” and “the board remains confident of delivering on its expectations for the year ahead”. Sounds promising…

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

Published 271 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?...

GAME Digital – current revenue & margin challenges v. BELONG growth initiative?

Published 271 days ago

GAME Digital (GMD) has updated including “group revenue for the 52 weeks ended 28 July 2018 is expected to show a small decline at approximately £780 million (2017: £782.9 million)”. That compares to at the half-year stage “revenue of £517.4 million… an increase of 3.9%”. Hmmm…

Filtronic – full-year results, is the recent share price rise merited?

Published 275 days ago

Previously writing on “designer and manufacturer of microwave electronics products for the wireless telecoms infrastructure market”, Filtronic (FTC) at the start of this month, I questioned “Contract win” announcement meriting a c. 30% share price rise?, to circa 13p. The company has now announced results for its year ended 31st May 2018…

St Ives – “at the upper end of market expectations”… so why a share price decline?

Published 276 days ago

Marketing services group St Ives (SIV) has updated including “profits before tax for the year are expected to be at the upper end of market expectations reflecting the strength of our digital businesses”. So why are the shares currently slightly lower, towards 95p?…

Castings plc – “demand from our main customers' remains strong”, so why do the shares remain subdued?

Published 278 days ago

Castings plc (CGS) has updated commencing “demand from our main customers' remains strong” - so why do the shares remain well down on the comfortably more than 450p they were at early this year?...

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

Published 282 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?...

Elektron Technology – “ahead of market expectations”, but enough to suggest a buy?

Published 283 days ago

Technology group Elektron (EKT) “is pleased to” announce first half year sales from continuing operations +16.9% and that “we now expect our performance for the full year to be ahead of market expectations”. Does this make the shares a buy?...

InnovaDerma – “Appointment of CEO and Roots to be ranged in Tesco” enough to justify share price jump?

Published 284 days ago

I first warned on shares in InnovaDerma (IDP) in January as they fell towards 230p. Less than two months later it was a profit warning, though the shares are currently bouncing more than 25% higher today, towards 140p – a market cap of circa £20 million, on the back of an “Appointment of CEO and Roots to be ranged in Tesco” announcement…

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

Published 289 days ago

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

Filtronic – “Contract win” announcement meriting a c. 30% share price rise?

Published 291 days ago

Having previously been sceptical on Filtronic (FTC) – including from March 2015 at circa 14p – I note the shares currently approaching 30% higher today - at circa 13p, capitalising the company at around £27 million - on the back of a “Contract win” announcement…

Clipper Logistics – full-year results; what about the “in line with the board's expectations”?

Published 292 days ago

On 25th April Clipper Logistics (CLG) updated including “trading for the year to 30 April 2018 is expected to be in line with the board's expectations, with continued growth in revenue, operating profit and net earnings. Results for the year are expected to be announced in July”. They have now been announced – and the shares responded more than 20% lower…

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

Published 306 days ago

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

Image Scan – “pleased to announce” acquisition… but accompanying placing is far less pleasing!

Published 307 days ago

Shares in Image Scan Holdings (IGE) reached approaching 13p last year and were 6p+ following half-year results in April before sliding in the last month, last closing at 5.5p. Now an “Acquisition and Proposed Placing” announcement…

Portmeirion – “delighted with the positive start to the year”… so why a share price decline?

Published 311 days ago

Previously writing in May on homewares group Portmeirion (PMP), I noted the company looked well set, but retained some caution. Now a half-year trading update…

K3 Business Technology – interims, meaningful progress now being made?

Published 314 days ago

Writing previously on K3 Business Technology (KBT) towards the end of 2017, I concluded I’d want further evidence of meaningful progress before reconsidering a present cautious stance. Half-year results today include “pleased with the progress K3 has made over the first half… we believe that K3 is very well-positioned to make further progress over the second half of the year, and view growth prospects with confidence”

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

Published 326 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…

Zinc Media – does US agent deal & TV commission awards news justify shares soaring?

Published 347 days ago

Shares in TV and multimedia content producer Zinc Media (ZIN) are currently leading the risers today – up 35%, towards 0.70p, on the back of a “US Agent Deal and TV Commission Awards” announcement…

Andrews Sykes – we having previously banked gains, what from latest results?

Published 367 days ago

Pumping, portable heating, air conditioning, drying and ventilation equipment group Andrews Sykes (ASY) was a 380p offer price recommendation on the Nifty Fifty website, with a gain later banked at 570p. The shares having closed yesterday at 537.5p, the company has now announced 2017 results…

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

Published 368 days ago

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

RedstoneConnect – trading update; abrupt & was expected “in late February”!

Published 381 days ago

A 25th January update from “provider of technology and services for smart buildings and commercial spaces” RedstoneConnect (REDS) included “trading for the year ending 31 January 2018 is expected to be in-line with the board's expectations” and that it “expects to publish a trading update for the year ended 31 January 2018 in late February 2018”. The shares were then above 100p and were still almost 96p before a recent slump to 85p as nothing was heard from the company. Now a “Trading Update” announcement…

Touchstar – “another positive set of trading figures for the group”… or is it?

Published 388 days ago

Touchstar (TST) has announced results for the 2017 calendar year, including “it is pleasing to be able to report another positive set of trading figures for the group” and that it “has what we believe to be a real opportunity… the upside if we get this right could be considerable”. The shares have currently responded, er, more than 8% lower, towards 60p…

Biome Technologies – “pleased to announce… making good progress”, so why are the shares 8% lower?

Published 390 days ago

Biome Technologies (BIOM) “is pleased to announce a trading update for the three months ended 31 March 2018. Group revenues achieved for the first three months of the year were £2.1m, 37% ahead of the same quarter last year”. The shares have responded, er, 8% lower to 345p…

Distil – new RedLeg listing & “pleased with the excellent progress made”, but value?

Published 393 days ago

Alcohol drinks brands owner Distil (DIS) has updated including that it is “pleased with the excellent progress made” and that “another leading pub chain with national coverage has listed RedLeg Spiced Rum for its outlets”

Sprue Aegis – update raises working capital questions

Published 396 days ago

Previously writing on Sprue Aegis (SPRP) it was with the shares last month down 25% on the day, at 142.5p, on the back of a “DA Termination Notice and Update re final results” announcement. There’s now an “Update re DA Termination, Notice of Results & RCF”

SRT Marine Systems – “results reflect the excellent progress we have made”. Do they?

Published 403 days ago

Previously writing on SRT Marine Systems (SRT), I concluded in November with the shares at 36p to continue to avoid. They had subsequently slipped to around 20p – but are now recovering towards 25p on the back of a Year End Trading Update

Universe Group – 2017 results, outlook “solid”… other than a “significant uncertainty”!

Published 404 days ago

Previously writing on point-of-sale, payment and loyalty systems group Universe (UNG), I concluded with the shares at 6.625p last month that they then still only at best for watchlists awaiting the company to more reassuringly announce. It is now “pleased to announce its audited results for the year ended 31 December 2017”, having “continued to advance as a business during 2017, with the production and roll out of our next generation electronic point of sale solution and payment terminal, Gempay 3”

21st Century Technology – 2017 results argue “enormous progress”… so why are the shares unmoved?

Published 417 days ago

Transport technology company 21st Century (C21) has announced results for the 2017 calendar year, emphasising “enormous progress” and “having started the year with a far stronger order book than last year... the board expects the group's progress to continue”. The shares have though responded little changed, still sub 3p - and having been 2.625p at the commencement of 2017. Hmmm…

SpaceandPeople – “pleased to announce” 2017 results… so why a share price decline?

Published 419 days ago

Promotional and retail merchandising space seller SpaceandPeople (SAL) “is pleased to announce its preliminary results for the 12 months ended 31 December 2017”. The shares have responded 4.5% lower, at 32p. Hmmm…

Sprue Aegis – shares slump on a “Termination for Breach Notice”. Overdone?

Published 423 days ago

Shares in Sprue Aegis (SPRP) are currently down 25% on the day, at 142.5p, to capitalise the company at sub £65.5 million, on the back of a “DA Termination Notice and Update re final results” announcement…

Cloudcall – 2017 results, emphasises significant reduction in cash burn… but is there?

Published 426 days ago

“CloudCall (AIM: CALL), a leading cloud-based software business that integrates communications functionality into Customer Relationship Management platforms, is pleased to announce its audited full year results for the year ended 31 December 2017”. The shares have though responded currently more than 6% lower, towards 165p…

21st Century Technology – a 1:30pm “Re: Contract” announcement, Cause for concern?

Published 430 days ago

A 1:30pm “Re: Contract” announcement from transport technology company 21st Century (C21). A cause for concern?...

Conviviality – if the shares don’t respond as hoped, announce news again!... And then it gets very much worse

Published 432 days ago

Trading update on Thursday from Conviviality (CVR) included that “following a review of current year projections, the company now expects that adjusted EBITDA for the current year will be approximately 20% below current market expectations”, but sought to reassure that “the company has not seen any material weakness in overall demand” and was followed by some director share buying. The shares though remained depressed... and there was then a 1:06pm Update to announcement. There's now a 'Further Update'...

Universe Group – another operational update… but sufficiently reassuring?

Published 434 days ago

Having slid below 6p last month, shares in point of sale, payment and on-line loyalty systems group Universe (UNG) are currently at 6.625p on the back of recent newsflow…

IndigoVision – ‘not acceptable’ 2017 results but argues new management on a better strategic direction

Published 438 days ago

Networked video security systems group IndigoVision (IND) has announced results for the 2017 calendar year including “the group's financial performance in 2017 and indeed, prior years, has not been acceptable and IndigoVision is not achieving its full potential. This has resulted in significant changes in the board and senior management… the group's strategic direction has been set to better serve our shareholders, customers, employees, partners and other stakeholders”. Hmmm…

St Ives – “Disposal”, “a great step forward”?

Published 441 days ago

Having recovered somewhat from lows in the summer to end 2017 approaching 80p, shares in marketing services company St Ives (SIV) had slid to a last close of 66.8p. However, they are currently back above 70p on the back of a “Disposal” announcement…

Stanley Gibbons – Proposed Refinancing including vastly discounted equity… but good news?

Published 451 days ago

Stanley Gibbons (SGI) has announced a Proposed Refinancing, including raising £6.2 million at 2.5p per share… and the shares have currently responded more than 15% higher on yesterday, above 5.5p…

Tracsis – H1 trading “strong across all parts”, what of the valuation?

Published 454 days ago

Shares in traffic and rail software and services provider Tracsis (TRCS) have recently fallen back below 500p, but are currently rebounding on the back of a Trading Update

Creightons – a 4:05pm “Trading update”, Uh oh…

Published 465 days ago

Creightons (CRL) has made a 4:05pm Trading update - expected 2018 outturn announcement. I guess it ain’t going to be good then…

Warpaint London – 2017 ‘performed well’, 2018 “has started well”… but growth value?

Published 467 days ago

Specialist supplier of colour cosmetics and owner of the W7 brand, Warpaint London (W7L) “is pleased” to update that it “continued to perform well during 2017 and the board confirms that it expects to report results in line with management expectations for the financial year” and that “2018 has started well and we look forward to the future with confidence”. But what are the expectations – and how do they compare to a current just over 200p share price?...

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

Published 467 days ago

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

Walker Greenbank – 2017 sales +17.9%, results “in line” sounds promising. BUT…

Published 468 days ago

Interior furnishings company Walker Greenbank (WGB) “is pleased to announce a trading update for the year ended 31 January 2018” and emphasises “sales for the year are expected to be up 17.9% at £108.9 million”. Sounds promising…

Murgitroyd – “pleased to report” half-year growth, but what was the comparative again?

Published 469 days ago

Murgitroyd Group (MUR) has announced results for the six months ended 30th November 2017 including “pleased to report half year results in line with management expectations, with an increase in pre-tax profit of 13%”. Sounds good, but what was the comparative again?...

RedstoneConnect – emphasises “traded strongly”, but what about cash generation?

Published 479 days ago

Previously updating on provider of technology and services for 'smart' buildings and commercial spaces, RedstoneConnect (REDS) last year I concluded at a now 167.5p (there’s been a 1:100 share consolidation) that the valuation looked high for the just reported numbers, but will not be on the suggested growth potential being delivered and the stock was on the watchlist. With the company’s year ending this month, we now have a Business Update

eServGlobal – having 'expected core business to achieve EBITDA breakeven in Q4 2017', a Trading Update…

Published 481 days ago

Previously writing on eServGlobal (ESG) in October it was following the recent pump…, with that announcement also including “we expect the core business to achieve EBITDA breakeven in the 4th quarter of 2017 as we continue the structural changes to the business”. There’s now a Core Business Trading Update

Character Group – successfully navigating “tough trading conditions”?

Published 486 days ago

Though stating the noted balance sheet means the company is able to ride out a trading storm and we continued to like it long-term, the Nifty Fifty opted to play it safe and downgrade to sell on toys, games and giftware group Character (CCT) last month – noting a reliance on recovery amidst self-admitted “tough trading conditions” was already a clear risk and there now the Toys ‘R’ Us UK restructuring too. Today, an AGM trading update…

Cloudcall – pleased to announce its revenue growth, what about cash burn?

Published 487 days ago

Previously writing on communications-into-CRM platforms integrating software group Cloudcall (CALL), I concluded with the shares at circa 150p that the top line growth interests, but I’d be looking for more net cash generation reassurance. There’s now a Trading Update which has taken the shares to around 160p…

Castings plc – trading update, new machining business management face turnaround challenge

Published 493 days ago

Previously writing on foundry and machining group Castings (CGS) in November, I concluded I await some evidence of Machining turnaround before considering following suit with a purchase. On the watchlist. There’s now a Trading Update

LightwaveRF – full-year results, it was cash crunch ahoy & “building a great company”?

Published 521 days ago

Previously writing on LightwaveRF (LWRF) I noted, despite it stated on a £5 million discounted fundraising “the new funds will support further product development and bolster our sales and marketing activity, as we continue to scale up the business and strengthen our position as a leading player in the Smart Home market”what about that it was seemingly cash crunch ahoy? The company has now announced results for its year ended 30th September 2017…

Image Scan Holdings – full-year results emphasise impressive growth, so why the share price decline?

Published 530 days ago

An 8:11am (why?) announcement of results for its year ended 30th September 2017 from X-ray screening systems company Image Scan Holdings (IGE) - and the shares currently a further more than 10% lower towards 8p…

IndigoVision – profit warning update, how’s the broker reacted?

Published 538 days ago

Writing on results for the first half of 2017 from IndigoVision (IND) I concluded that there continued to look value, but that I was wary of the second half reliance and that the profit forecast looked ambitious. There’s now been a “Trading update and Board changes” announcement including “it is now clear that management's expectations will not be achieved and that a full year operating loss will be reported” and that, after 14 years service, “Marcus Kneen has resigned from the board and has ceased to be Chief Executive Officer with immediate effect”. Hmmm…

Quiz plc – positive interims, but what’s already in the price?

Published 544 days ago

Writing last month on July AIM-listed Quiz plc (QUIZ), I noted “trading update”… but what about profit & cash? The fast-fashion womenswear company has now announced results for its half-year ended 30th September 2017…

SRT Marine Systems – interims claim “steady financial progress”. Really?

Published 549 days ago

SRT Marine Systems (SRT) has announced results for its half-year ended 30th September 2017, stating “steady financial progress broadly in line with our expectations and significant operational and project related activities” and “look forward optimistically to the second half”. Sounds encouraging…

Castings – disappointing half-year results, but turnaround opportunity?

Published 556 days ago

I previously cautioned on shares in foundry and machining group Castings (CGS) in the midst of they sliding below 450p last month. They are presently sliding further, at around 430p, on the back of results for the company’s half-year ended 30th September 2017…

Scholium Group – return to profit & establishment of stamp business

Published 574 days ago

I’ve previously been wary of rare books and collectibles group Scholium (SCHO) – stating I await evidence of the company making better returns from its asset base. The share price has though recently been rising – today on the back of a “Trading update and establishment of stamp business” announcement…

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

Published 585 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?...

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