Previously writing on footwear brand Dr. Martens (DOCS), in January with the shares slumping to around 155p I wrote “demand for Dr. Martens remained resilient”, did it though Mr Wilson?, concluding it remains an IPO Roll-Call of Shame avoid / sell. The shares previously closed at 141.3p but are currently heading back towards 155p on news today. So what’s the latest?

Previously writing on footwear brand Dr. Martens (DOCS), in November with the shares slumping to 222p I questioned of its CEO who do you think you are kidding Mr Wilson, if you think the performance is ‘pleasing’? – concluding with another 2021 IPO Roll-Call of Shame and that the shares still looked overvalued. They last closed at 209.2p… and today a “trading statement”.

Footwear brand Dr. Martens (DOCS) CEO Kenny Wilson reckons that he is “pleased to report another strong set of results… Underlying revenue growth was 18% and the EBITDA margin was in line with our guidance”. So why are the shares currently 22.5% lower on the back of the results announcement to 222p?

A trading update from Pod Point Group (PODP) early this year commenced by describing the group as “one of the UK's market leading providers of Electric Vehicle charging solutions”, another such update today commences that “The long-term market for Plug-In-vehicles continues to be attractive as the industry grows towards electrification in the UK by 2030”. Good news then?

Seraphine Group (BUMP) has announced results for its year ended 3rd April 2022 including that it “has continued to follow its purpose to be 'with mums for the journey', providing fashionable, affordable, sustainable and innovative clothing and products for expectant women and parents… Our innovative product range, international reach and strong underlying economics put us in a robust position to focus on returning the business to profitable growth”. So what of a current 27p share price?

Previously writing on maternity and nursing wear group Seraphine (BUMP), in February with the shares down towards 70p I noted having listed little more than 7 months ago… a lack-of-profits warning AGAIN! concluding that the deteriorating balance sheet and track record since listing meant it remains Bargepole. Now a “Year End Trading Update”...

Maternity and nursing wear group Seraphine (BUMP) has announced a trading update commencing that it “has experienced strong sales growth in the 17 weeks to 30th January 2022 of 45%” and including that it expects full-year adjusted EBITDA of circa £4.5 million. With adjusted EBITDA being manipulated bullshit earnings, that doesn’t sound a lot considering a start of day market cap of more than £100 million…

A “CFO Appointment”-titled announcement from maternity and nursing wear group Seraphine (BUMP), stating it “is pleased to announce the appointment of Lee Williams as Chief Financial Officer… He will join the company in the first half of 2022”. So why’s it pleased and, having listed in July, is there not already a CFO?…

A “Trading Statement” announcement from Seraphine Group (BUMP), a maternity and nursing wear company which only listed on 16th July. Should be fine then, a mere just over 2 months since listing…

March-listed provider of ready meals that do not need to be stored in a fridge or freezer, Parsley Box (MEAL) has made a trading update which emphasises “Strong H1 2021 growth driven by repeat purchase rates and average order value”. Why then are the shares currently at 142p, 15.7% lower?!…

Where did it all go wrong for Amigo Holdings (AMGO)? Regular readers will know I have been following this car crash for a good few years now and today's update is just another step in its demise. The sooner this one is de-listed the better...

Footasylum (FOOT) IPO’d on AIM in November at 164p, with CEO Clare Nesbitt stating we “look forward to delivering the significant potential that we see for Footasylum as a quoted business” and “are delighted that our product-led, multi-channel expansion strategy has resonated so strongly with investors”. I though questioned on competition and disposable income challenges, and concluded that the valuation looked too rich. There then followed deviation from the IPO expectations and now a “Trading Statement” update…

Footasylum (FOOT) is “pleased to report a strong performance for the financial year, our first as a quoted company following our successful IPO last November… The board was delighted with the support we received for the IPO”. I doubt shareholders are pleased or delighted though – shares in this 164p per share IPO, currently trading well below 100p following a dramatic slump on the “pleased to report” results!...

A Trading Update and Notice of Results announcement from consumer goods company UP Global Sourcing (UPGS) including “it should be noted that H1 2017 was an unusually strong period for the group” - this in an update for its half year ended 31st January 2018. Uh oh…

Having IPO’d on AIM in December at 167p per share with CEO Ian Mann stating “we are excited by the opportunities that now present themselves”, shares in cyber security group ECSC (ECSC) were 450p before a June trading warning. Now worse has followed…