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Articles by Steve Moore

THG

THG – emphasises expectations “upgrade”, but how’s underlying trading?...

‘E-commerce’ Beauty and Nutrition group THG plc (THG) has issued a “Q3 2026 Trading Statement” headlined “Strong profitability momentum drives upgrade of FY26 Adjusted EBITDA expectations to £103m”. The shares have currently responded up to 32p, but is the underlying trading momentum as positive as the headline suggests?

THRU

Thruvision – emphasises “Multiple orders received”… but how material are they?

Describing itself as “a leading provider of walk-through security technology”, Thruvision Group (THRU) has issued a “Multiple orders received”-titled announcement and that “these orders represent further progress across three important areas of the group’s strategy”; high-throughput distribution environments, the ‘Prisons and Corrections’ market and further international development. What’s the details of the orders, with the shares currently back up to above 2p in response?

FAB

Fusion Antibodies – argues “encouraging scientific and technological progress”, but there’s not financial progress. Hopefully my warning was heeded…

Most recently on company describing itself as “specialists in pre-clinical antibody discovery, engineering and supply” Fusion Antibodies (FAB), last month with the shares falling below 10p I concluded, with the financial position, an approx. £12 million market cap still sell. The shares most recently closed at 9.75p and what about now an “AGM statement H1 trading and research update” announcement?

DPP

DP Poland – Q3 trading update, how “well positioned” really to create durable value for shareholders?

With the exclusive right for Domino’s Pizza stores in Poland and Croatia, DP Poland (DPP) has issued a “Q3 2026 Trading Update” including “Poland total system sales increased by 10.4% in Q3 2026 and by 14.4% YTD September 2026… Croatia delivered total system sales growth of 35.3% in Q3 and 34.7% YTD” and that, “with tight control of liquidity, a larger franchised estate and further operational improvements, we believe the group is well positioned to create durable value for shareholders”. So what about a current further lower share price response to 6p?

RWA

Robert Walters plc – expects full-year “at least in line with current market expectations”, but how creditable is that?…

Recruitment and “talent advisory” company operating in 29 countries, Robert Walters (RWA) has issued a “Q3 2026 Trading Update” including emphasising “a good trading performance… our momentum means we expect the financial result for the full year to be at least in line with current market expectations”. How positive is that from a current 140p share price?

OXIG

Oxford Instruments – “Interim Trading Update… confidence in full-year expectations”, but is that sufficient for the valuation?

Scientific technology-focused Oxford Instruments (OXIG) has issued an “Interim Trading Update” including “order intake up nearly 44%” and “net cash at the end of the period was £75m (H1 FY26: £45.1m)… and building momentum”. What about a currently slightly up further above 2900p share price in response?

THRU

Thruvision – “H1 Trading Update”, how ‘encouragingly’ do full-year “expectations remain unchanged”?

Describing itself as “a leading provider of walk-through security technology”, Thruvision Group (THRU) has issued a “FY27 H1 Trading Update” including “full year revenue expectations remain unchanged at £8.0 million… order backlog has increased significantly, and as of 30 September was £2.6 million”. So what about a current approaching 9% lower share price response towards 2p?

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TOM
TOM16 Oct 2026
12,000 oz in Q3 on a 3000 gross margin - $36m. cant see how it is not as of now profitable
Letter to Eldur Olaffson – time to sack Charles Archer and cleanse the Amaroq stable
DUCKnDIVE
DUCKnDIVE16 Oct 2026
Well said. But it may be premature to call the company profitable in the middle of the year – especially when it was presumably putting a shine on everything for the move to the main market.
Letter to Eldur Olaffson – time to sack Charles Archer and cleanse the Amaroq stable
BURIEDTREASURE
BURIEDTREASURE16 Oct 2026
A lamentable use of shareholders' money.Good companies don't need to use paid promotion. They let commentary, forecasts and, importantly, results do all the talking through official channels.It is always an 'avoid' signal for me.
Prospex Energy: Charles Archer ramps but I reckon it has run out of money: Bailout Discounted Monkey Placing ahoy!
TOM
TOM16 Oct 2026
It engaged with Archer....I have suggested that a FTSE 250 company with no need to issue shares so no need to promote can let nature (fundamentals) take its course and sever links. I have a horrid feeling than in the past AMRQ may have engaged others, notably the wretched Mir.But it should move on
Prospex Energy: Charles Archer ramps but I reckon it has run out of money: Bailout Discounted Monkey Placing ahoy!
TOM
TOM16 Oct 2026
i am sure the FCA if it wanted to can join all dots
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BAGHOLDER79
BAGHOLDER7916 Oct 2026
Agreed. Although I was aware that Roast PR was/is involved, I think Amaroq looks like a fundamentally solid company, unlike 95% of the clientele of paid promoters, so the fact that Amaroq has felt it necessary to engage with Roast PR is confusing to me.
Prospex Energy: Charles Archer ramps but I reckon it has run out of money: Bailout Discounted Monkey Placing ahoy!
JOHN BROWN
JOHN BROWN15 Oct 2026
Don’t you think the insider trading would be done by people not on the insider list?
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WELL INFORMED
WELL INFORMED15 Oct 2026
Roll on one minute past midnight then, and we can get rid of this malignant prick once and for all.The stuff he's posted has been obscene to say the least, and nothing that you deserved to have to read Tom - so on behalf of everybody here "Goodnight and good riddance".
BREAKING: Companies House passes Amazing AI bogus filings to Enforcement Team
Sohail
Sohail15 Oct 2026
Tom thanks for your thoughts on Mindflair.My original perception here was that the Company had a number of attractive holdings.In a boom time for ai stocks shareholders would share in distributions.I was wrong the market seems to view this Company as having an endless round of financial obligations where it must take part in placings.The market clearly believes shareholders will never benefit…
Tom Winnifrith Bearcast: This makes no sense to me at all

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