Keyword results: Capex

PREMIUM CONTENT

Despite a rampy resources report, I'd continue to avoid Canadian Overseas Petroleum

Canadian Overseas Petroleum (COPL) seems to have been getting a fair bit of attention today after releasing an incredibly rampy resources update for its Wyoming asset, with the focus being on oil in place rather than actual reserves and what might be extracted.

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BT
BT
PREMIUM CONTENT

Will I ever see my two quid and out BT Group target?

Just under a week ago I wrote about how boring BT Group (BT.A) shares are. However, whilst I was right to buy a bunch of the shares a couple of years ago, when the share price has moved very close to my two quid share price target I have failed to book my profit and run. But what has gone, has gone and what am I going to do with the shares that today are down about 5% to just shy of 168p?

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CEY
CEY
PREMIUM CONTENT

Centamin – Q2 update a mixed bag, but reasons for positivity

Gold miner in Egypt, Centamin (CEY) has announced that it “delivered the planned increase in production during Q2” and notes various upcoming targets and milestones.

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DPP
DPP

DP Poland – emphasises “strong sales performance”, but what about the bottom-line?

DP Poland (DPP), with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, states it is “delighted to see the strong sales performance achieved in the first half of 2022 continuing” and is “confident we will emulate the success of the brand in other markets”. But what’s the detail?

JSE
JSE
PREMIUM CONTENT

Overdone drop on temporary production issues at its Montara field - buy Jadestone Energy (I have)

Any disruption to production is obviously a big issue for oil producers, and even more so when a company only has a small number of operations and it causes a significant impact on output.

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RUA
RUA

RUA Life Sciences – full-year trading update, is it really ‘positioned well’?...

RUA Life Sciences (RUA) states that it “is pleased to provide an update for the year ended 31 March 2022 together with current trading, regulatory and operational updates, ahead of the publication of the group's audited final results for the year ended 31 March 2022, which are expected to be released mid-July”. So what of a current 7.5% lower share price at 43p?...

PREMIUM CONTENT

Serinus Energy results were disappointing but I wouldn't be in a rush to panic sell at the current price

I recently covered Serinus Energy (SENX) as a speculative buy based on the likelihood that the results for the first quarter would be good and the company would have benefitted from high commodity prices and fairly low Capex.

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PREMIUM CONTENT

Buy Serinus Energy ahead of the quarterly results, which should show substantial cash build

Serinus Energy (SENX) shares have performed pretty badly, considering that oil and gas is currently in a bull market, but I believe that the next set of operational and financial results could be a turning point for investors.

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CAR
CAR

Carclo – argues “strong” demand, so why are the shares slumping?...

Carclo (CAR) “is pleased to report that the business expects to report a strong performance for the year” and that “demand in the group's key markets remains strong coming into the new financial year”. So what of a current share price of 24.5p, down nearly 10%?!...

AET
AET

The detail of the Afentra deal in Angola look good to me and I'm very happy to be holding

A couple of weeks back I wrote a piece here about how I was excited about the prospects of a small AIM oil company, Afentra (AET), where I hold a stake myself and which had just announced that it had potentially secured a stake in two blocks, subject to final due diligence. The company has now announced that it has entered into a sale and purchase agreement with the vendor, Sonangol, and has released a lot more information on the finer details of the proposed transaction – including the fact that it is expected to be funded from existing cash balances plus debt, and with no equity dilution to existing holders in order to complete the deal.

CEY
CEY
PREMIUM CONTENT

Centamin – Q1 update, production fall expected and we can now look to better times ahead

Centamin (CEY) has announced a quarterly update including “as planned, Q1 2022 production reflected the successful transition to owner mining in the underground… reiterates its 2022 full-year guidance”, so what of a share price response currently down closer to 90p?

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CEY
CEY
PREMIUM CONTENT

Centamin – Q1 Disappoints, Or Does It?

Fully-listed Gold miner in Egypt, Centamin (CEY), offered up its Q1 report this morning and whilst there were a few corners to celebrate, there was bad news – at least temporarily – for shareholders as the company reported cashflow of MINUS $21.4 million on reduced sales as the business model changed to owner-mining and much-increased costs. As I write, the shares are down 7% on the news at 90p, capitalising the company at £1.05 billion. But are things as bad as they seem?

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AET
AET
PREMIUM CONTENT

It looks like Afentra shareholders will finally be rewarded with an asset that will have a big impact on the company - and hopefully the share price

Over the weekend reports emerged in the Angolan press that its national oil company, Sonangol, had finally completed the bidding process for the licences that it was selling its stakes in, and that a small AIM company, Afentra (AET), had been successful in being selected for two of these blocks. I’ve been invested in Afentra for some time – as well as having covered it positively several times here going back to the days when it was called Sterling Energy, and like many others have been patiently waiting for some news whilst the shares remained suspended. Due to the size of any transaction resulting from its bids, it will constitute a reverse takeover and the shares were suspended accordingly, and will remain so until either a prospectus is published or it terminates its bids for the Sonangol assets.

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ENQ
ENQ
PREMIUM CONTENT

The market reacted negatively to the EnQuest full year results but I can see long term potential - buy

EnQuest (ENQ) has just released its results for 2021 and the market didn’t seem to like them, judging by the reaction of the share price, which I find surprising as I think they actually made pretty good reading.

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KOS
KOS
PREMIUM CONTENT

As much as I like the future prospects of Kosmos, top slice whilst oil prices are so high?

Kosmos Energy (KOS) is one of those companies that has never seemed to be very popular on the London market but it has performed extremely well as oil and gas prices have risen.

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PREMIUM CONTENT

Capital Metals could be on the verge of production - a speculative buy or not?

Capital Metals (CMET) has been covered in the past on ShareProphets, both positively and negatively, and, on behalf of a reader,  Tom Winnifrith asked me to take a look and give my latest thoughts on this Sri Lankan focussed miner. You see, we do read your emails.

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PREMIUM CONTENT

IGas offers future potential as a diversified energy play - speculative buy

IGas Energy (IGAS) has been performing well recently in terms of the share price, but following the latest trading and reserves update it has taken a bit of a hit and pulled back more than 14%.

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BOO
BOO
PREMIUM CONTENT

Boohoo is a recovery buy on the basis of strong sales growth and only temporary profit margin issues

Online fashion retailer Boohoo (BOO) has performed terribly for anyone who has been invested over the past year or so and has seen its share price drop by around 75% during that time.

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PCF
PCF
PREMIUM CONTENT

PCF Group – interims further highlight mess left by David Bull (now of Eight Capital Partners and Supply@ME Capital infamy) & co

Business and consumer financing group PCF (PCF) has announced results for its half-year ended 31st March 2021 (at last!), noting “statutory profit after tax of £1.0 million” and it “pleased to announce” shares suspension lifting. What then of a share price response to 15p, 38% lower than previously?…

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CEY
CEY
PREMIUM CONTENT

Centamin – Q4 update, further recovery ahead

Centamin (CEY) has announced “the final quarter delivered what was a highly successful 2021” and that it is now looking forward to delivering on a clear roadmap to growing and unlocking further value from the Sukari gold mine in Egypt and its exploration portfolio. The shares have responded up to 93.425p and look to have much further to go.

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ADV
ADV
PREMIUM CONTENT

Advance Energy has enjoyed a big rise since I tipped it, but I see more to come now that drilling is underway

Advance Energy (ADV) is a company which I covered last summer and suggested that although it has a very chequered history, new assets and a completely different management team made it well worth a speculative buy with a drill to come.

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PREMIUM CONTENT

Pharos Energy has been terrible but I believe 2022 will be the year that changes - buy

Pharos Energy (PHAR) has been a terrible investment for anyone who has held longer term – including myself – and even more so from the days when it was called Soco International (SIA), but I still believe that it can turn things around.

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PREMIUM CONTENT

Chariot takes a step closer to production following a successful appraisal of the Anchois-2 gas prospect - buy

These days there seem to be very few AIM oil or gas companies drilling wells targeting significant resources, and even fewer where the outcome is a success.

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PREMIUM CONTENT

Should Bacanora investors hold or sell their Zinnwald Lithium shares?

Now that the acquisition of Bacanora Lithium (BCN) by Gangfeng has completed, many former shareholders will be wondering whether to keep hold of the shares they were awarded in Zinnwald Lithium (ZNWD) as part of that deal.

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EML
EML
PREMIUM CONTENT

Emmerson offers plenty of potential from its potash project as it begins to move towards construction and eventual production - speculative buy

There has been a lot of focus recently on how rising energy prices are going to impact upon inflation as economies start to emerge from Covid, and how that is going to affect the price of goods in light of rising transport costs, amongst other factors.

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ODX
ODX
PREMIUM CONTENT

Omega Diagnostics hit with a £2.5 million bill after the government terminates its contract

The last time I wrote about Omega Diagnostics (ODX) was back in June when I got slated for suggesting that the company had missed the boat when it came to Covid testing, and that its Department of Health and Social Care contract wasn’t worth the headline figure you so often saw people banging on about!

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AAL
AAL
PREMIUM CONTENT

Do you have enough mining sector exposure for 2022?

I don’t think the 2020s is the 1970s mark two, but I really don’t think it will be the 2010s mark two either. And that suggests you are going to have to pick-and-choose more carefully during the 2020s. This is why, looking back to the 1970s, there are many relevant reasons why ‘gold’, ‘commodities’ and ‘value versus growth’ were the best performers across the decade then…and that should be the same against ‘bonds’ or ‘cash’ and ‘growth stocks’ by the time we get to the end of 2029. Anyhow, all of this brings me to the question of Anglo American (AAL), with its diamonds, copper, nickel, iron ore and metallurgical and thermal coal exposure.

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Pebble Group – “at least in line with market expectations”… but what about the net cash generation?

Provider of technology, services and products to the promotional products industry, Pebble Group (PEBB“is pleased to announce that the group’s results for the year ending 31 December 2021 are expected to be at least in line with market expectations… has a focused strategy to invest in scaling… recurring revenues, alongside the continued attraction and retention of major contracts”. So why are the shares, at 147.5p, down from when I previously wrote?…

ARS
ARS
PREMIUM CONTENT

The Asiamet deal with Delta Dunia is better than the market is valuing it at - buy

It looks as though Asiamet Resources (ARS) has finally landed the deal for the BKM asset that investors have been patiently waiting for, but so far the market seems unimpressed and the share price is trading lower than it was before the announcement.

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PREMIUM CONTENT

AltynGold – Q3 update, shares up but looks more to come

Gold miner in Kazakhstan AltynGold (ALTN) has made an update on the third quarter of the year, with the shares up as it noted that despite lower gold prices “strong production dynamics” still meant revenue was marginally up.

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UOG
UOG
PREMIUM CONTENT

With oil and gas prices booming, United Oil shares are trading too cheaply despite its issues - buy

Sometimes I look at a company and think its shares are just too cheap at the current market cap and is pretty much being priced to fail, yet in some cases there certainly doesn’t appear to be anything fundamentally wrong that suggests that to be the situation.

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PREMIUM CONTENT

Buy Central Asia Metals ahead of the interims next week

I’m surprised to see Central Asia Metals (CAML) showing some share price weakness prior to the release of its interim results next week, as I’ve no reason to suspect that they will disappoint the market – in fact I would expect them to be good!

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PREMIUM CONTENT

More capex but more personal optimism in Polymetal

Nearly seven months ago I observed that you should ‘always believe in gold…but stick with Barrick (GOLD) and Polymetal (POLY) and not Yamana (AUY)’ HERE. Most gold stocks are down year-to-date – after an excitable previous couple of years – and these three stocks have been no different. So what do I make of Polymetal now after it published its first half numbers today?

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HZM
HZM
PREMIUM CONTENT

As long as Horizonte Minerals eventually secures mine finance, delays are largely irrelevant - buy

It always surprises me how impatient investors can be and how much a missed deadline can sometimes be punished, even when that event has the potential to unlock significant amounts of value, if and when it finally happens. I’ve been invested in Horizonte Minerals (HZM) for several years now and during that time have seen lots of ups and downs, including disappointment when ‘deadlines’ have been missed.

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Gold
PREMIUM CONTENT

Given the lack of choice of silver miners listed non the FTSE, I would look to GoGold, in Toronto, and its strong growth prospects - buy

Whilst I mostly stick to trading and investing in companies that are listed in the UK, in recent times I have started to look elsewhere for potential precious metal producers which look interesting.

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PREMIUM CONTENT

Recently listed Caerus Mineral Resources can make rapid progress following its deal with Jubilee Metals

Around six weeks ago I covered the IPO of a small mining company called Caerus Mineral Resources (CMRS) and noted that it looked interesting for anyone who liked these small, speculative type of plays.

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THS
THS
PREMIUM CONTENT

There's a good reason why the Tharisa share price has risen so much - if you want exposure to PGMs, then it's a buy

Private investors are often looking to buy into companies where the share price has fallen, rather than those which are near all time highs, but in some cases that is the opposite of what they should be doing!

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Hollywood Bowl – less than 3 months after emphasising “strong balance sheet”, discounted placing?...

The 14th December 2020-announced results from ten-pin bowling group Hollywood Bowl (BOWL) emphasised “strong balance sheet… liquidity of £31.8m” and included that “the directors are satisfied that the group has adequate resources to continue in operation for the foreseeable future, a period of at least 12 months from the date of this report”. It now announces “successful completion of the placing… at a price of 230 pence per placing share, raising gross proceeds of approximately £30.0 million”. Hmmm…

EZJ
EZJ
PREMIUM CONTENT

Buying the dips on EasyJet could prove to be a very lucrative longer term investment

This year has all been about Covid- related stocks and anything with even a vague association with that, but over the next year or two the biggest profits will be made from companies that have been hit by the virus but have had the strength to survive and will reap the benefits as things begin to return to some semblance of normality.

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GKP
GKP
PREMIUM CONTENT

If Gulf Keystone can achieve its planned production expansion, longer term investors will do very well indeed here

This year a lot of private investors seem to have been focussing on any stocks even loosely associated with Covid, plus those in the tech sector, and more recently mining has also seen a resurgence, gold in particular, but oil and gas has very much remained unloved and out of favour. That gives you a great opportunity and this is no fisherman’s tale…

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CEY
CEY
PREMIUM CONTENT

Centamin – shares respond to operations update reflecting some disappointment, But...

Centamin (CEY) has updated on actions it is taking to ‘unlock its potential’ – including expanding and extending an existing drilling contract and commencing a waste contract. However, more pertinently here is the outlook on production…

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HZM
HZM
PREMIUM CONTENT

Horizonte Minerals share price weakness presents a buying opportunity

It probably shouldn’t do, but it still sometimes amazes me at just how short a term outlook some PIs seem to take these days, especially when it comes to companies in the natural resources sector.  

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SCE
SCE
PREMIUM CONTENT

Surface Transforms – argues “truly game changing” contract award. Is it?, & how’s the current financial position?

“Contract Award from OEM 8 and Trading Update” from Surface Transforms (SCE) – and the shares currently 47p, more than 90% higher!…

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HZM
HZM
PREMIUM CONTENT

Horizonte Minerals going the right way: I've bought more shares and so should you

When it comes to small mining companies, lots of them appear to have a great story and if you listen to those doing calculations based on resources in the ground, most are worth billions!

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RTO
RTO
PREMIUM CONTENT

Rentokil looked expensive even before Covid-19, and far more so now - sell

Pest control and hygiene company, Rentokil Initial (RTO), wasn’t looking particularly strong even prior to the arrival of Covid-19 and was trading at a very racey valuation, in my opinion.

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PREMIUM CONTENT

Block Energy has proven why you shouldn't believe the hype - especially from the company itself!

My views on Block Energy (BLOE) haven’t exactly been popular over the past year as it was a favourite with private investors, but unfortunately so far everything has played out as I feared that it would do.

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I3E
I3E
PREMIUM CONTENT

BREAKING: I3 Energy has acquired assets which make a massive operating loss - this is insanity

As usual the bulletin boards seem to be flooded with people saying what a great deal I3 Energy (I3E) has just secured, having announced today that it had acquired Toscana Energy Income Corporation (TEIC).

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RRE
RRE
PREMIUM CONTENT

I would be happy to buy RockRose for the long term at the current price, but wouldn't be surprised to see it go lower

I wouldn’t be rushing to buy shares in any companies at the moment, and probably even less so in anything natural resources related, unless you are prepared to take a fair amount of risk and have a very long-term time frame. The safest option is to just sit on cash and wait for not only the markets, but also the world economy, to turn around whenever we do finally see the back of this virus. You won’t get to buy in at the bottom if you wait for the trend to change, but you shouldn’t also suddenly find that the shares you bought are now another 50% lower! However...

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BKS
BKS

Beeks Financial Cloud – “current trading is positive and is within the range of market expectations”. Er, is it?!...

“Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, is pleased to announce its unaudited results for the six months ended 31 December 2019”. After recent falls, not a significant share price bounce currently though…

HGM
HGM
PREMIUM CONTENT

Gold looks set to remain strong and Highland Gold is my favourite producer

Gold stocks seem to be very much on the radar at the moment, with the price of the yellow metal looking very strong against a back-drop of worldwide concerns over coronavirus and investors looking for a safe haven.

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PDL
PDL
PREMIUM CONTENT

Sometimes with recovery plays like Petra Diamonds it becomes clear you've got it wrong and it is time to cut your losses

Whenever you buy a share which you view as a potential recovery play, you have to accept the risk that of them will do everything but actually recover, and if the situation worsens then it is time to cut your losses and sell.

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BT
BT
PREMIUM CONTENT

The road has been very rocky for BT Group but I can see potential both in the shorter and long term

BT Group (BT.A) has seen its share price drop quickly over the past few months, and following the publication of its quarterly results yesterday and news on Huawei it is trading at close to its lowest share price in recent years.

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PREMIUM CONTENT

Bury bad news on Election day – shocking interims and the cash is running out. No3 – Purplebricks

Estate agency business which argues it “combines highly experienced and professional Local Property Experts and innovative technology”, Purplebricks (PURP) has announced results for its half-year ended 31st October 2019 – on election day. Hmmm…

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SML
SML
PREMIUM CONTENT

Strategic Minerals offers a speculative buying opportunity following the recent decline in share price

Investing in any small mining company usually carries a large risk and far more fail than ever actually succeed and make it into profitable production, but there are some that appear to have more chance of making a go of it than others...

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ASC
ASC

ASOS – following results & the share price reaction, I can see why short interest remains…

Following results last week shares in online fashion retailer ASOS (ASC) are now approaching 40% higher than the pre-announcement levels. What does latest information suggest on this?...

ASC
ASC

ASOS – results including “solid start to FY20”… but justifying a £2.6bn market cap?

Online fashion retailer ASOS (ASC) has announced results for its year ended 31st August 2019 including “the financial and operating performance of ASOS has been disappointing… With the benefit of hindsight, we were not adequately prepared for the additional complexities of planning and trading across our expanded warehouse footprint. It is also clear that our internal capabilities had not kept pace with this growth and change in complexity, and accordingly we lost focus on several of our core competencies, notably product, presentation and customer engagement”. The shares have responded currently to around 3100p – er, more than 20% higher!...

PREMIUM CONTENT

Block Energy has deceived investors and its shares remain a slam dunk sell

My views on Block Energy (BLOE) in recent months haven’t exactly been popular amongst shareholders, but unfortunately much of what I feared in relation its operations is now playing out and I feel that investors have been deceived by the company. I have been utterly vindicated. It will get worse for thise who ignore my latest warning.

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TMO
TMO

Time Out Group – interims, Woodford (eventually) correct to sell? (& for the wrong reason and at a lower price, natch)…

Time Out Group (TMO) has announced half-year results from what it argues “has been a transformational period… with the opening of three new food and cultural markets in North America. Combined with the ongoing success of Time Out Market Lisbon, this has driven H1 net revenue growth of 72% for the Time Out Market business”. The shares have though responded little changed at around 128p; how has Woodford got on with this one?…

Live Company – after Friday attempted no one watching o’clock announcement, “Operational Update”...

An “Operational Update” from Live Company (LVCG) commencing; “The group is pleased to announce it has now contracted 60 BRICKLIVE shows and events across the world for 2019, achieving a key milestone for the company. This was the original target set by the company for the year ending the 31 December 2019. The group will continue to work with new and existing partners to deliver further shows and events in the remaining four months of 2019.” Sounds good – but then on Friday it was intra-day (2pm) RNS. Attempted no one watching o’clock?

PDL
PDL
PREMIUM CONTENT

Petra Diamonds remains a speculative buy and could still turn the business around

Petra Diamonds (PDL) is a company that I covered back in March and so far I have been wrong about it having potential as a speculative investment, as the share price has just taken another big drop.  

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YOU
YOU

YouGov – “now expected to be comfortably ahead of expectations”… but what does the valuation already discount?

Research data and analytics company YouGov (YOU) is “pleased to report that the group's trading for the year ending 31 July 2019 is now expected to be comfortably ahead of expectations for the year”. Sounds good – but what are the expectations and how do they compare to a now more than 560p per share, approaching £600 million, valuation?…

ASO
ASO

I was wrong about Avesoro - it is now uninvestable after the latest update

A lot of the time there is very little that you can do to avoid bad news coming out of the blue, and even less so where the directors of the company have previously tried to make out that the situation is far more positive than the reality. That would definitely seem to be the case with African gold miner Avesoro Resources (ASO), and if anything proves that I should stick with my gut feeling when something doesn’t quite feel right about a company...

PREMIUM CONTENT

Merlin Entertainments – is activism a new ride at Alton Towers?

I have written about Merlin Entertainments (MERL) before, noting back in February that 'from a stock market perspective it is a hard share to love as it seems to need to pour in a lot of capex to keep relevant and this crimps the valuation you would pay. Risk-reward feels more exciting in the lower third of the aforementioned 300-400p range'. Well the lower end of that share price range was (again) the area the share bounced from earlier in the week when it was announced that the activist investor ValueAct was agitating for change…

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ARB
ARB

Argo Blockchain – disingenuity ahead of sack-the-board General Meeting

Argo Blockchain (ARB) has updated including that it “reiterates that it expects to be operating cash breakeven during May… expects to turn EBITDA break-even in the second half of this year” but also that it “has recently contracted to purchase 1,000 S17's for a total consideration of £1.7m to be put into production in early July”

VCP
VCP

Victoria plc – “Results To Meet Expectations”… Or Not?...

“FY Trading Update: Results To Meet Expectations” announcement commencing “Victoria PLC (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings is pleased to provide the following trading update”. At the company’s prior year-end, the shares were well above 700p and it was “confident it will deliver another year of significant, earnings-accretive growth in the 2018/19 financial year”, with also “geographic and product diversification, coupled with the low operational gearing inherent in the business, reduces the group's overall operational risk”… The shares are now below 550p. Hmmm…

PREMIUM CONTENT

Tesla and its Need for Cash

The horrendous Q1 delivery numbers from Tesla (NASDAQ - TSLA) should have finally buried the growth story for all but the die hard believers and the focus now should move on to when it has to raise capital or file for bankruptcy

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HSS
HSS

HSS Hire – 2018 results, “significant progress”?

Previously writing on UK and Ireland tool and equipment hire and related services provider HSS Hire (HSS) in November with its shares at 33p, I concluded at least until there’s more concrete evidence of why to have confidence in the sustainability of the balance sheet, I’ll retain this on the bargepole list. Today results for the company’s year ended 29th December 2018 emphasising “we made significant progress against our strategic priorities and delivered the highest adjusted total EBITDA in the group's history” – and the shares are currently just above 35p…

SCE
SCE

Surface Transforms – placing “following recent investor demand” bullshit again?

Surface Transforms (SCE) has updated including “we are pleased that current shareholders continued to support our strategy to become a series production supplier of carbon ceramic brake discs to the large volume original equipment manufacturer automotive market. We look forward to the future with confidence”. This from a “£1.9 million placing” announcement…

ASO
ASO
PREMIUM CONTENT

Further short term dips in Avesoro Resources will offer a good buying opportunity

I believe a good buying opportunity is currently presenting itself in the shares of Avesoro Resources (ASO) and although it may go lower in the short term, I can see decent risk versus reward here for at least a medium term trade.

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SDX
SDX
PREMIUM CONTENT

SDX Energy should perform well in 2019 and beyond - buy

SDX Energy (SDX) seems to be one of those AIM natural resources companies that has largely been forgotten about by private investors, but it has an awful lot going on over the coming 12 months, and beyond, and if even some of what it has scheduled goes to plan, then I would expect the shares to trade a lot higher...

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PREMIUM CONTENT

Has Merlin Entertainments rediscovered the magic?

Since my October 2017 write-up, shares in Merlin Entertainments (MERL) have been stuck in a 300-400p range...and quite rightly so as the company has neither done terribly or wonderfully in the interim. Today's full year 2018 update saw most metrics creep forward…

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JOG
JOG
PREMIUM CONTENT

Time to buy Jersey Oil and Gas ahead of the Verbier appraisal

For junior resource companies which aren’t actually producing anything yet, larger movements in the share price are usually dictated by newsflow relating to the operational side of things, rather than by fluctuations in commodity prices. Jersey Oil and Gas (JOG) has gone through a period where not a lot has been happening drilling-wise, and as a result it has seen its share price bouncing around within a fairly tight range for this sort of stock...

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SEE
SEE

Seeing Machines – “very well placed” to leverage developments. Really?

An AGM statement from Seeing Machines (SEE) sees it emphasised “the past 12 months have been the most exciting and pivotal periods for Seeing Machines since the business was founded” and that “Seeing Machines is very well placed to leverage these developments”. The shares have currently nudged higher, towards 6p in response – but this also compares to more than 13p reached in June. Hmmm…

FAB
FAB

Fusion Antibodies – “delighted” to present annual report following “successful” admission. Really?

Fusion Antibodies (FAB) Chairman Dr Simon Douglas is “delighted to present the first annual report for the company following our successful admission to AIM in December 2017”. Hmmm - the shares are down on the announcement at 75p, comparing to a 82p listing price. “Delighted” and “successful”, you say?...

CMH
CMH

Chamberlin – FY results; short-term margins undermined, but revenue growth and outlook encourage: BUY

Results for its year ended 31st March 2018 from foundries and engineering company Chamberlin (CMH) emphasise “very encouraging revenue growth”, though “technical issues at foundry operations undermined margins although these issues are now largely resolved”. The following updates after a chat with management…

WKP
WKP

Workspace - tapping markets whilst the window is still open!

I nearly choked on my morning breakfast cereal when I saw that Workspace (WKP) - who (as per the company blurb) 'provide inspiring, flexible work spaces with superfast technology in dynamic locations' - was raising about £180 million after announcing 'a great set of results' with NAV per share rising 8.8% year-on-year (to 1037p a share or just a little under the current 11 quid share price), trading profit up 20% and the total dividend (aka cash back to shareholders) up 30%.

ASC
ASC

ASOS – H1 results argue “further progress with a strong trading performance”, why does the market disagree?

Online fashion retailer ASOS (ASC) states it “reports further progress with a strong trading performance for the six months to 28 February 2018”. The shares have responded, er, currently quite a percent lower…

RBN
RBN

Robinson plc – 11:36am “Trading Statement” announcement. Uh Oh

From plastic and paperboard packaging manufacturing company, Robinson (RBN) an intra-day, 11:36am, “Trading Statement” announcement. Uh oh…

Footasylum – follows AIM listing with a director buy announcement. BUT…

Having listed on AIM yesterday with a 164p per share placing, Footasylum (FOOT) has today announced non-executive director Stephen Robertson has purchased 11,933 shares at 209.5p each. Great, this price must still be value then? Er…

CNS
CNS

Corero – why shares down despite recent “Significant Contract Win” & “Partnership Agreement” announcements?

Despite accompanying half-year results last month with a “Significant Contract Win” announcement, shares in Corero Network Security (CNS) still declined. This week has seen a “Partnership Agreement” announcement – with the same result…

Tungsten Corp – AGM update, EBITDA breakeven ‘remains goal’. Who’s paying for the capex? The tooth fairy?

Shares in Tungsten Corp (TUNG) are currently edging higher, above 60p, on the back of an AGM trading update – this though comparing to above 70p as recently as June and approaching 400p in 2014…

RBN
RBN

Robinson plc – interims talk of ‘recovering margins’ & “further growth”, so why are the shares slumping?

Packaging company Robinson (RBN) has announced results for the first half of 2017, including “we do expect to see sufficient new business coming through in the second half to achieve growth in revenue for the year as a whole and we expect to continue to build the pipeline for further growth in 2018”. However, the shares are currently 6.5% lower, at 121.5p…

AHT
AHT

Ashtead's awesome strategy and numbers... so what to do now with the shares?

I last mused about industrial plant and tool hire company Ashtead (AHT) fourteen months ago, since when the shares have basically doubled. Happy days...but no resting on the laurels because correctly you should be asking the question of 'so what do we do right here and right now?' Fortunately, the company puckered up its full year results today so all the latest information is to hand.

VIP
VIP

Vipera – “pleased to announce” new agreement, but what’s happened to funded “through to cash flow profitability”?

Vipera (VIP) “is pleased to announce a multi-year agreement with Bankart d.o.o., a leading payment processor” and CEO Marco Casartelli is “delighted to have agreed such a significant and multi-year agreement with Bankart and we very much look forward to delivering more innovative solutions together in the future”. Sounds good, but what's the detail?...

PLA
PLA

Plastics Capital – placing to help “satisfy increasing demand”, but also dividends ‘suspended’. Hmmm…

“Placing to raise £3.74 million” announcement from Plastics Capital (PLA), including to enable it “to satisfy increasing demand for the group's products and thereby accelerate organic growth”. With also a relatively limited 4.5% discount to the prior 122.5p closing share price, sounds reasonable enough. But what’s that? It is to “be augmented by the decision of the board to suspend dividend payments for at least the next two scheduled payments”. Hmmm...

Kalibrate Technologies – interim results show how ‘bullshit earnings’ were the previously announced EBITDA

After a profit warning in January, CEO of Kalibrate Technologies (KLBT), Bob Stein, is “pleased to report our results for the six months ended 31 December 2016. Hmmm. The shares have responded lower, back below 60p…

7digital – completion of share placing, broker updates

Following its 2016 results, digital music and radio services group 7digital (7DIG) has successfully placed 34,769,239 new shares at 6.5p to raise a gross approximately £2.26 million and house broker, finnCap, has updated on the company's manoeuvrings...

7digital Group – 2016 results argue “good progress” & “ideally positioned”, so why are the shares lower?

Digital music and radio services group, 7digital (7DIG) has announced results for the 2016 calendar year, including that this “was a year of good progress… as we delivered on our commitment to reach operating profit by the year end” and that it “is ideally positioned to capitalise on the continued growth of streaming in 2017 and beyond”. So why are the shares currently approaching 7% lower, at 6.75p?...

LoopUp – 2016 results emphasise “strong performance” & “positive outlook”, so why are the shares lower?

A 2016 results announcement from remote meetings technology group LoopUp (LOOP) includes “we're very pleased to report strong business performance and a positive outlook in our first set of annual results as a public company”. So why are the shares currently more than 3% lower, at 156.5p, in response?...

Hotel Chocolat – strong half-year results & “confident of further progress”, but are the shares a buy?

Having to-date been sceptical on shares in chocolatier and retailer Hotel Chocolat (HOTC), I note they currently higher on the back of results for the company’s half-year ended 25th December 2016...

GDP
GDP

Goldplat – half-year results, still a gold recovery buy?

Previously writing on Goldplat (GDP), I concluded that I continued to expect more to come as the shares rose back above 6p. The following updates with they currently up to 6.625p on the back of results for the six months ended 31st December 2016…

SCE
SCE

Surface Transforms – claims “successful six months”. In response… the shares slide...

Surface Transforms (SCE) has announced results for the six months ended 30th November 2016, claiming “a tough, albeit exciting and successful six months”. The shares have responded… approaching 7% lower, towards 20p. Hmmm…

PMO
PMO

Market gives a muted response to Premier Oil refinancing deal

The market doesn’t like uncertainty, and that is why Premier Oil (PMO) has been continuing to under-perform in comparison to some of its peers in the oil and gas producing sector in terms of the share price.

POS
POS

Plexus – DISGRACE: following big share slides in advance, you’ll never guess what “Trading Update” is like (you will)…

With its shares down more than 11% on Tuesday and further more than 12% on Wednesday morning, cue a 1:48pm “Trading Update” announcement from Plexus Holdings (POS). And you’ll never guess what (you will)…

MUR
MUR

Murgitroyd – profit warning sees shares slump, but is there now value on offer?

Intellectual Property advisory group Murgitroyd (MUR) has issued a “Trading Statement” including that “the outcome for the full year will fall short of market forecasts, and likely see reduced full-year 2017 earnings”. Uh-oh...

CWD
CWD

Countrywide – full-year trading statement, a “pleasing” performance?

Following Foxtons earlier this week, Countrywide (CWD) has now updated for the 2016 calendar year with CEO Alison Platt claiming “it is pleasing to report modest full year revenue growth”. Hmmm…

VLX
VLX

Volex – emphasises profit & cash generation, but really?...

Power cords and cable assemblies company, Volex (VLX) is “pleased to report that underlying profitability has been maintained at prior year levels reflecting the actions that we have taken to address the continuing decline in revenues from several of our larger customers”. Hmmm…

KEFI Minerals has been hit by short-termism but remains a buy

Short-termism seems to be even more prevalent amongst AIM investors these days than I can ever remember previously, and this is having an impact on the share price of any company that has any sort of delay to its business.

Goals Soccer Centres – half-year results, recovery well underway?

Goals Soccer Centres (GOAL) has announced results for the first half of 2016, emphasising “recovery well underway”. The following updates with the shares currently unchanged at 108.5p on the announcement…

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