UK 23:12 Saturday, 7 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
A 5:06pm “Trading update”, Uh oh. A 24th February such announcement from IT and telecommunications provider, Alternative Networks (AN.) commenced that “the group's Advanced Solutions business continues to make good progress following the completion of the integration of the acquisitions made in 2014…”. Oh, ok. “… This has recently been offset by significant ongoing pressures in our mobile business”. Uh oh, here we go…
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Comments
James
This is a very disappointing update and as you say, the timing of the RNS announcement was similar to the worst practice of very distressed or poorly managed organisations.
Further, there was no hint of impending problems when the AGM was held just under a month ago at the end of January (when 3 months of trading in the new year would be visible), nor in the prior year results announcement on 9th December, when the board would have seen two months trading of the new year. Indeed at this point, the company stated, “The first weeks of the current financial year show signs that the momentum carried through the previous quarter is continuing and provides sound encouragement.”
So the question is, does this company employ “fair weather managers” who can grow the business successfully, but when conditions change or become more difficult are unable to spot problems coming and then react late to new conditions?