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Carclo – ‘exceeded expectations’ trading statement arguing “now enjoys a strong financial foundation”, fooling itself or trying to fool everyone else?

Previously on components company Carclo (CAR), in July last year with the shares at 12p I asked can it really now “approach the future with unwavering optimism”?, concluding still funding risks and a below £9 million market cap far from provided ‘unwaveringly positive’ equity funding options. The shares are currently slightly above the level of then, though only after a more than 70% rise today on the back of a trading statement – so how good is that?

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Thruvision – trading update emphasises expects to “reach profitability in the short-term”. Hmmm, how short is the term?…

Previously writing on self-described “leading international provider of walk-through security technology” Thruvision (THRU), in November with the shares at 20p I questioned ‘a robust base from which the group can profitably grow’. So what of today a trading update and the shares currently at 17.5p?

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Vianet – emphasises contract win & trading momentum, but how much is already priced-in?…

I previously wrote on Vianet Group (VNET) towards the end of 2022, concluding cautiously with the shares at 63.5p though noting I’d monitor for trading momentum and cash generation swings. The shares were at the same level at the end of October last year but have risen significantly since and currently further today to 116p on the back of “Contract Win” and “Trading Update” announcements. How’s the group’s trading momentum and cash generation now?

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Kromek – ‘pleased to receive’ new nuclear security contract, how pleasing really is it though?…

Kromek Group (KMK) has issued a “new Nuclear Security contract” announcement headlined “Kromek receives new Nuclear Security contract from US federal entity. New contract worth up to $2.9m over two years” and the shares have currently responded more than 9% higher to 7.65p, an above £49 million market capitalisation. However, what does “worth up to $2.9m over two years” actually mean currently for a self-described “leading developer of radiation and bio-detection technology solutions for the advanced imaging and CBRN detection segments”

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Trifast – “expected to be marginally ahead of guidance”. Er, that which was massively downgraded since its half-year?…

Industrial fastenings and components company Trifast (TRI) has issued a trading update including that its “revenue and profitability for the financial year ended 31 March 2024, are expected to be marginally ahead of guidance indicated in the announcement of 22 January” and that it is confident that a consolidation into a UK National Distribution Centre will enable it “to rebuild revenues with a much higher level of efficiency and gives the UK business a stronger platform to benefit from demand recovery in the short to medium term”. So what of a share price currently up to 80p in response?

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ActiveOps – trading update, building on “strong foundations established since IPO”?

Describing itself as “a leading provider of Decision Intelligence software for service operations”, ActiveOps (AOM) states that it is today “pleased to provide an update on trading for the year ended 31 March 2024. Highlights include good growth in adjusted EBITDA, profit before tax and cash, with an 11% increase in SaaS revenue on a constant currency basis and exit Annual Recurring Revenue up by 14% CC versus the prior year”. However, revenue is vanity and adjusted EBITDA is manipulated bullshit earnings, what about the bottom-line profitability and cash?…

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SRT Marine Systems – “remains in line with market expectations”, what those which were recently downgraded? And now with possible problems in the Philippines…

A “Response to reports in Philippine press”-titled announcement from SRT Marine Systems (SRT) at 09:48 today commences “SRT notes the recent share price movement and reporting in the Philippine press with regard to the IMEMS fisheries project. SRT wishes to clarify that the IMEMS contract was won following a competitive international tender, which has been successfully implemented and is operational”. The noted share price movement that dare not speak its name was a fall yesterday from 29.5p to 24p and further early this morning, so what are the reports in Philippine press on the Integrated Marine Environment Monitoring System contract and the further details of SRT’s response?

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Filtronic – trading and “strategic agreement” announcements, was I too cautious to have just had the shares on the watchlist?

Previously writing on products for the aerospace, defence, space and telecoms infrastructure markets company Filtronic (FTC), last year with the shares back towards 15p I concluded they for the watchlist with forecast strong profit rises but delivery timing concerns. What then of today “Strategic Agreement with SpaceX” and “Trading Update” announcements currently sparking the shares beyond 50p?

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Videndum – 2023 results, argues “strong” confidence in post-strikes recovery… but still currently below expectations!

Describing itself as an “international provider of premium branded hardware products and software solutions to the content creation market”, Videndum (VID) has announced results for the 2023 calendar year including noting significant impact from headwinds including strikes by US writers and actors but “strong” industry confidence in the post-strike recovery. So what of a share price currently down a further more than 2% to below 280p?

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Ilika – “Capital Markets Day and Trading Update”, attempted ramptastic and cash burn?…

Describing itself as “a pioneer in solid-state battery technology”, Ilika (IKA) commences a trading update with that “trading for the year ended 30 April 2024 has been in line with current market expectations and the company expects to generate revenue of approximately £2.0m for FY 2024 (FY 2023: £0.8m)”. So what of a current share price of 28p, down from approaching 50p as recently as December?