Keyword results: CEO resigned

MMX
MMX

Minds + Machines Group – a “pleased” to announce update & share buyback programme, But...

Internet top-level domains owner and operator Minds + Machines Group (MMX) has updated including “operating cash flow for 2020 is expected to exceed $4.0 million, which would result in available cash at December 31, 2020 of more than $8.0 million” and that it “has approved a share buyback programme… up to a maximum of £2.3 million (approximately $3.0 million)” – and the shares have currently soared higher to 5p…

GMS
GMS

Gulf Marine Services – from late May “improving pipeline of opportunities” to now “disappointed to reset guidance for 2019”!

Previously writing on Gulf Marine Services (GMS), in December I noted warns but argues there will be longer-term improvement; It’s got to be around for that first though! – concluding still bargepole / sell as the shares slumped below 10p. Today a “Corporate & Board Update”

CAR
CAR

Carclo – “significantly below” expectations profit warning sees CEO ‘resign’… to then become CEO of the “critical” division!

Previously writing on Carclo (CAR), I noted last summer as the shares headed down towards 90p that I’d want to see at least some consistent financial delivery before having confidence here. Today a “Trading Statement” – and shares in this fine-tolerance, injection-moulded plastic parts manufacturer currently down more than 30% on the back of it, at 55p!...

Flowgroup – now from customer growth “a key target” to “should maintain” number of customer accounts in just a few months

The first paragraph of a Trading Update and Directorate Change announcement from Flowgroup (FLOW) includes “significant cost savings and management changes, to bring forward profitability by six months to the year commencing July 2018”. The shares are though approaching 10% lower, at 0.64p, on the back of the announcement…

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