Previously on carbon fibre-reinforced ceramic automotive brake discs company Surface Transforms (SCE), two weeks ago I wrote “2024 Sales Outlook” down from just last week! And what about the balance sheet position that dare not speak its name again? concluding, at a further down to 3.5p share price, it looking again like liquidity crunch ahoy, at what price any further bailout now? Still avoid/sell. The company now states it is “pleased to announce… has conditionally raised gross proceeds of £6.5 million”, but what of a share price currently more than 64% further lower in response towards 1p!?
Previously writing on merchandising platform technology group Altitude (ALT), in November with the shares down to 40p I questioned for how long are the “existing needs” for which the remaining loan facility is sufficient and concluded to avoid. The shares most recently closed at 31.5p, but what about they currently up to 36.5p on the back of a trading update?
Previously writing on company describing itself as “a leading provider of native digital advertising services to premium clients in the business, finance and lifestyle sectors” Dianomi (DNM), in September with the shares falling to 47.5p I questioned whether it was “well placed to capitalise on the opportunity ahead”. What about now, with the shares currently at 49p on the back of 2023 calendar year results?
Previously writing on group describing itself as “a leading UK provider of managed IT services and communications solutions to private and public sector organisations” CloudCoCo (CLCO), in November with the shares at 0.95p I wrote “year end trading update” attempts to reassure… but just stating “a key priority” doesn’t mean it will be achieved… currently still avoid/sell. It is today stated “we are pleased that we have been able to secure an extension to the loan notes with MXCG. This, together with the publication this morning of a solid set of results for FY23, will give our staff, customers and suppliers confidence over the immediate future of the business”, so what of a current share price response down from 0.75p to below 0.50p?
Previously writing on company describing itself as a “leading global provider of software and technology to the flexible workspace industry” essensys (ESYS), in January with the shares at 36.5p I concluded including that I suggest the balance sheet position at the company’s half year will be very interesting and, with also adjusted EBITDA being manipulated bullshit earnings, question for long is the “foreseeable future” of the stated “sufficient capital”. The shares most recently closed at 18.25p and what of them currently down to 13.5p on the back of now the results announcement for the company’s half-year ended 31st January 2024?
Previously writing on company describing itself as “a leading innovator in sustainable plant-based polymers used to decarbonise everyday consumer products” Itaconix (ITX), early this month with the shares falling below 200p I concluded including now how’s its ‘has the funds needed to achieve our profitability goal’ statement after also it previously having stated intended “move to being cash generative by 2020”!. So what about today the shares currently up more than 4.5% on a “Launch of two plant-based performance ingredients” announcement?
Time left: 02:42:07