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James Cropper – I having previously questioned it “repositioned for growth”, a half-year results profit (lack of) warning…

Most recently writing on ‘advanced materials’ and paper & packaging company James Cropper (CRPR), last month with the shares up to 220p I concluded there is clear recovery potential from this valuation but I remained cautious on trading recovery currently and, ahead of upcoming half-year results detail, continued to avoid. What of now the results for its half-year ended 30th September 2024?

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Churchill China – as I warned the half-year results suggested, a profit warning (and it’s ‘material’)

Most recently writing on hospitality ceramic products company Churchill China (CHH), in September as it stated “pleased to announce its interim results” I instead questioned how realistic it was for it to meet full-year expectations. What of now a further “Trading Update”?

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Proton Motor Power Systems – states to “orderly wind down” the business, but how “orderly”?…

In August on Proton Motor Power Systems (PPS) I noted “Financing update” is actually ‘financing support to be stopped’ and, though the company stated it would accelerate discussions it has been in with other potential sources of finance, I concluded with the shares then falling below 1p to a £15 million market cap that it’s relatively massive “other” finance looking to be needed in a continuing challenging financing environment; bargepole/sell as the warm-up begins here for the ShareProphets National Anthem. Now a “Financing update & proposed cancellation from AIM” announcement…

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Calnex Solutions – interims, how confident to be of “expects to close the year in line with current market expectations”?…

Shares in company describing itself as “a leading provider of test and measurement solutions for the global telecommunications and cloud computing markets”, Calnex Solutions (CLX) had recently recovered to above 64p but what of them currently back towards 60p following results for its half-year ended 30th September 2024?

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CML Microsystems – interims, is it really ‘progress showcasing the resilience and adaptability of the business model’?

Most recently writing on semiconductors developer CML Microsystems (CML), in August with the shares up to 305p I cautioned as its expectations included improvement in customer inventory levels to commence during the second half of the year. What of now the results and statement after its half-year ended 30th September 2024 and the shares currently down towards 230p?

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Fusion Antibodies – interims argue “now well positioned”, but is it really?…

Antibody contract research company Fusion Antibodies (FAB) has announced results for its half-year ended 30th September 2024 with CEO Adrian Kinkaid emphasising that “the company is now well positioned, generating the financial evidence of a significant recovery and promising growth in the company's prospects”. What then of a current share price response more than 7.5% lower to 4.25p?

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StreaksAI – interims argue AI technology developments “nearing completion” and “adequate working capital”, BUT…

Stating “having listed in 2023 it has spent the intervening time developing AI technology in the conversational interface space and in the automated bot sector”, StreaksAI (STK) has announced results for its half-year ended 31st August 2024 including “the board of the company are of the opinion that the company has adequate working capital for the next 12 months”. What then of a share price currently falling below 0.20p?

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Microlise – “Update on Cyber Security Incident”, how ‘materially’ will trading forecasts and financial position meet expectations?

Microlise Group (SAAS) has issued an update that, following a “cyber security incident”, “the vast majority of customer systems are back online… no customer systems data was compromised” and that it “does not anticipate any material adverse impact to its trading forecasts and financial position for FY24”. What then of a current share price response 2.4% higher to 107.5p?

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Judges Scientific – expects certain orders now “will not all occur in time to deliver against the expectations”. Uh oh!…

Scientific instruments company Judges Scientific (JDG) has issued a “Trading Update” including that “as anticipated, H2 will show progress compared to H1” and that it “is confident that the long-term growth drivers of our business remain solid”. However, a current trading update emphasis of long-term solidity tends to mean the near-term isn’t ‘solid’ and here now…

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TT Electronics – possible offer proposals, but rejected and currently “no ongoing discussions”

I was previously positive on shares in engineered electronics company TT Electronics (TTG) but changed stance in May and most recently noted yesterday that it ‘expects full-year “at the lower end of… previously stated range”, but that’s a range already lowered less than two months ago’! Now “possible offer” news.