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Keyword results: borrowings

PRM
PRM
PREMIUM CONTENT

Proteome Sciences – interims argue “confident of maintaining the good performance”. Er, where was that then?

Describing itself as “a specialist provider of contract proteomics services to enable drug discovery, development and biomarker identification”, Proteome Sciences (PRM) has announced results for the first half of the 2023 calendar year including stating that it “is confident of maintaining the good performance into the second half of the year… cash resources of £3.79m (30 June 2022: £3.20m)”. So what of a current share price response down more than 25% at 6.3p?
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EMR
EMR
PREMIUM CONTENT

Empresaria – interims, how much progress to again delivering growth?

International staffing group Empresaria (EMR) has announced results for the first half of 2023 noting “challenging market conditions” impact but that “adjusted profit before tax for the full year expected to be in line with current market expectations”. What’s the detail of this compared to a current 40.5p share price?
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WYN
WYN
PREMIUM CONTENT

Wynnstay Group – interims fertiliser price-impacted but second half outlook “encouraging”, Buy

Agricultural products group Wynnstay (WYN) has announced results for its half year ended 30th April 2023 and that “the overall outlook for the group's performance in the second half is encouraging, with the arable sector looking strong”.
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Silver Bullet Data Services – 2022 results argue “highly encouraged by the developments being made”. Er, what about the balance sheet?!

‘Provider of digital transformation services and products’ Silver Bullet Data Services (SBDS) states that it “is pleased to announce its unaudited preliminary results for the year ended 31 December 2022”. So what of a current share price response to 32.5p…down more than 24%!?
TRX
TRX
PREMIUM CONTENT

Tissue Regenix – 2022 results, is it “achieving strong commercial traction”?

Previously writing on regenerative medical device group Tissue Regenix (TRX), I noted argues distribution agreement ‘delight’. How’s that balance sheet now?. The group has now announced results for the 2022 calendar year, arguing they with it “having delivered on its strategy for growth whilst achieving strong commercial traction”. What does that actually mean financially though?

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PRM
PRM

Proteome Sciences – emphasises “strong development” including increased “cash reserves”. Er, what about those borrowings?!

Describing itself as “a specialist provider of contract proteomics services to enable drug discovery, development and biomarker identification”, Proteome Sciences (PRM) has issued a trading update commencing that it “is pleased to report that it has continued to show strong growth” and concluding that the “business is strongly positioned for 2023”. So what of a current more than 22% higher share price response to 4.6p?
KMK
KMK

Kromek – interims argue “continues to look to the future with confidence”. Really?

Previously writing on radiation and bio-detection technology group Kromek (KMK), last month with the shares up to 11p I concluded that, with financial and valuation concerns, I avoided. Today it has announced a c. £2.5 million funding award “from the UK's innovation agency, Innovate UK” (of Versarien (VRS) infamy) and half-year ended 31st October 2022 results… and what of the shares in response currently a further near 10% lower to 9.35p?

SUP
SUP

Supreme – “a solid trading performance” and “ahead of market expectations”. Really?

‘Fast-moving consumer products’ company Supreme (SUP) has announced results for its half-year ended 30th September 2022 including emphasising “pleasingly, the business has delivered a solid trading performance in the period” and that the full-year is “now expected to be ahead of market expectations”. So what of a current share price response down towards 100p?

SRT
SRT

SRT Marine Systems – following full-year results, what of the share price fall?

SRT Marine Systems (SRT) has announced that its AGM and presentation on Wednesday will also be live streamed and will be preceded by an open day at the company's offices. That is creditable investor relations but what about a share price down from approaching 50p early this year to a current below 25p following its full-year results?

TRX
TRX

Tissue Regenix – interims, robust financial and operational performance?

Previously writing on company which describes itself as “a leading medical device company in the field of regenerative medicine” Tissue Regenix (TRX), in January I questioned “robust financial and operational performance”. So what of now results for the first half of 2022?

HSW
HSW

Hostelworld – interims emphasise “strong month on month growth”, but what does that mean financially?

Hostel market-focused online travel agent Hostelworld Group (HSW) states that it “is pleased to announce its interim results for the six-month period ended 30 June 2022… strong month on month growth… in the absence of any further deterioration in the macro-economic climate, disruption to airline schedules, or escalation of the conflict in the Ukraine, we expect to be EBITDA positive in H2”. So what of a current share price response to 90p, down almost 5%?

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?

HSW
HSW

Hostelworld – “recovery… across all destinations and demand segments”, but what does it mean financially?...

Hostel market-focused online travel group Hostelworld (HSW) has announced an AGM update including “performance to date has been stronger than we had initially expected… we are seeing the recovery continue across all destinations and demand segments. In particular, booking demand into Europe, our largest destination in 2019, has almost fully recovered to 2019 levels with some markets exceeding 100%… trips from the US and Canada into European destinations at 2019 levels”. So what of a share price rising above 86p?...

CyanConnode – ‘a world leader with a growth fundraise’. Really?...

Describing itself as “a world leader in narrowband radio frequency smart mesh networks”, CyanConnode (CYAN) has announced new funding which it states “allow us to maintain momentum and win some of the large opportunities being presented to us” – and the shares have currently responded up to 16.5p. This though follows I previously questioning “solid progress” or continuing cash burn? (And what about the borrowings?!) with the shares falling below 21p in January. So what now?…

SAL
SAL
PREMIUM CONTENT

SpaceandPeople – as shares slump, just how dire is the financial position? Statement from the company needed

Shares in promotional and retail merchandising space company SpaceandPeople (SAL) are currently more than 30% lower today at below 10p on no news. So what’s going on? Surely a statement from the company is needed…

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TRX
TRX

Tissue Regenix – argues “delivered robust financial and operational performance”. Has it?...

Describing itself as “a leading medical devices company in the field of regenerative medicine” Tissue Regenix (TRX) has made a full-year trading update headlined “Return to double digit growth in 2021” and concluding “the company has delivered robust financial and operational performance”. Why then are the shares still below 0.50p, compared to above 1.2p in May 2020?…

DPP
DPP

DP Poland – trading update, was the placing for “further expansion and market penetration”?...

Pizza restaurants and stores in Poland and exclusive rights to Domino’s Pizza in the country company DP Poland (DPP) has announced a trading update including “like for like System Sales up 16% in Q4 2021 compared to Q4 2020… Cash at bank of £1.8m as at 31 December 2021 (2020: £1.2m)”. However, and already down from above 10p as recently as June, the shares have currently responded further lower, towards 6p. So what’s the story here?…

RRR
RRR
PREMIUM CONTENT

Red Rock Resources – results, value potential but Andrew Bell remains in the last chance saloon

Red Rock Resources (RRR) announced results for its year ended 30th June 2021 in the ‘no-one-watching-week’ between Christmas and the new year. The shares have though responded up.

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MCB
MCB

McBride – banking covenants waiver, but what’s next?...

Cleaning and hygiene products private label and contract manufacturer McBride (MCB) states it is “pleased to announce that our banking group has waived the December 2021 covenant tests”. So why have the shares not responded significantly, at a current 57.6p?…

AVO
AVO
PREMIUM CONTENT

Advanced Oncotherapy – First LIGHT System Delayed: Oopsadaisie……Still a Sell

Well surprise, surprise! AIM-listed Advanced Oncotherapy (AVO) has announced that the first fully operational LIGHT system has been delayed from the end of this year to the end of Q1 next year. I noted HERE that the delay announced this morning was pretty well baked in. Given that we have moved from “could slip into Q1 2022” to “around the end of Q1 2022” in the space of less than two and a half months, it seems to me that further slippage is highly likely. Indeed, despite this morning’s announcement, one wonders whether any progress has been made at all since the announcement of diabolical interims at the end of September. So there will be at least another quarter sans revenue……what about the cash?

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CyanConnode – now follows loss-making results with another RNS Reach announcement. Why?...

Describing itself as “a world leader in Narrowband Radio Frequency Smart Mesh Networks”, CyanConnode (CYAN) has made an “Inauguration of IoT Innovation Centre in India”-titled announcement and the shares are currently a further circa 9% higher at around 28p. What of the news and the valuation?…

DSG
DSG

Dillistone – “signs of a return towards normality” in trading, share price fall justified?

An AGM statement from recruitment software and services group Dillistone (DSG) includes “we are pleased to see signs of a return towards normality in several of our key markets… cash balances of £0.95m at 31 May”. Is a current fall to a 22p share price, £4.3 million market capitalisation, justified?…

DSG
DSG

Dillistone – director share purchases, interesting developments... or not?

Recruitment software and services group Dillistone (DSG) has announced acquisitions of shares by directors of the company, with this following a previous update which included that “the board believes that the product enhancements delivered over recent months will put the business in a good position to enjoy long term growth as economies do rebound. As at 22 January 2021 the group had £1.5m in cash and at this point does not expect to need to raise additional funds”. Interesting developments?…

IDE
IDE
PREMIUM CONTENT

IDE Group – emphasises “Significant Multi-Year Contract Win”, but does it justify a +287% share price response?...

“Contract Win” announcement from IT services group IDE (IDE), which includes it emphasising “under the terms of the contract the partner has committed to procure services from IDE to a value of £22.5 million over the next three years… in addition to the existing circa £5 million per annum of revenue contracted with the partner”. Does the news justify the current share response to 3p – up 287%!?…

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RTN
RTN
PREMIUM CONTENT

The Restaurant Group – argues “well positioned to benefit from a sustained removal of restrictions”. Really?...

“Further Covid-19 update” from WagamamaFrankie & Benny’s and Brunning & Price owner The Restaurant Group (RTN) commencing, “Through a range of decisive management actions, cash-burn during the November national lockdown was minimised to c. £5.5m for the month”. Is a current 7% lower share price response, to below 63p, justified?…

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TGP
TGP

Tekmar – interims, argues “robust balance sheet”… but also appoints a new broker...

Self-styled “a leading provider of technology and services for the global offshore energy markets”, Tekmar Group (TGP) has updated including October-appointed CEO Alasdair MacDonald emphasising “the fundamentals of this business are strong and I have no doubt that we can capitalise on the structural growth forecast in our core market and deliver sustainable returns for our shareholders” – and the shares have currently responded towards 80p, more than 15% higher…

SRT
SRT

SRT Marine Systems – interims, jam tomorrow to start being delivered?

Maritime surveillance, analytics and management technology company SRT Marine Systems (SRT) has announced results for its half-year ended 30th September 2020 including emphasising “revenues were 7% higher than the same period last year at £3.8m, with an increased gross profit margin of 39%”. The shares though remain down on the circa 40p of my previous update

SAL
SAL

SpaceandPeople – interims, confident of trading through & emerging in a position to take advantage of the recovery?

Manager of promotional and retail merchandising space SpaceandPeople (SAL) has announced results for the first half of 2020 including “we are confident that we will be able to trade through… and emerge in a position to take advantage of the recovery”. The shares have currently responded to 4.1p, more than 11% lower!…

PREMIUM CONTENT

Cineworld – “Temporary suspension of US & UK cinema operations”. How “temporary”?

Tom noted in yesterday’s bearcast the latest from Cineworld Group (CINE) and the shares set for a Monday crash – and they are more than 40% lower, below 25p, with a “Temporary suspension of US & UK cinema operations” announcement…

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CloudCoCo – launch of education global remote access solution, on the corona bandwagon?...

“CloudCoCo (CLCO), a UK provider of IT and communications solutions to businesses and public sector organisations, announces the launch of a Secure Global Learning Access solution for UK institutions delivering education and their students, and inclusion of the solution in a leading education procurement framework”… and the shares have currently responded to 1.55p, approaching 30% higher…

LEK
LEK
PREMIUM CONTENT

Lekoil – follows loans restructuring with joint broker appointment. Hmmm...

“Joint Broker Appointment” announcement from Lekoil (LEK), with a 2.95p share price giving a market cap of £15.8 million. Hmmm…

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DSG
DSG

Dillistone – “Notice of Results”… so why are the shares more than 17% lower?

“Notice of Results” announcement from recruitment software and services group Dillistone (DSG) – and the shares below 20p in response, more than 17% lower!...

GMS
GMS

Gulf Marine Services – following “New debt structure”… a General Meeting requisition demand...

Oil, gas and renewable energy industries support vessels provider Gulf Marine Services (GMS) yesterday announced a new debt structure which it argued provides it with a “secure platform to sustain recovery”. Now a requisition of a General Meeting from Seafox International!...

BMS
BMS

Braemar Shipping Services – shares bouncing on business update, but...

“Business Update” from Braemar Shipping Services (BMS), including “we are pleased to report that in our first trading month of the new financial year, our financial performance has held up, in line with our March update” – and the are shares currently approaching 15% higher on the back of the update, to back above 100p...

BMS
BMS

Braemar Shipping Services – in line with market expectations… or not?...

Shares in Braemar Shipping Services (BMS) had fallen from more than 220p in January to last close below 140p. Today a “Pre-Close Trading Update” including “trading results for the second half of the year are anticipated to be approximately in line with market expectations*”… and the shares currently further lower towards 130p…

Bonhill – argues optimism… but follows a November profit warning with another!...

Self-styled “leading B2B media business” Bonhill (BONH) has updated including that it “now expects EBITDA for the year to be £2.3 million, being lower than market expectations as approximately £0.25m of custom marketing contracts which had been expected to be delivered in December 2020 will now be delivered in Q1 2020” but that “the outlook in both the UK and US is greatly improved, reflected in the current level of bookings being received” – so a current more than 5% share price fall, to a £17 million market cap fair?...

RDT
RDT

Rosslyn Data Technologies – “a leading global big data technology company” which has won two “large” contracts. Really?...

“Rosslyn Data Technologies plc (AIM: RDT), a leading global big data technology company, announces that it has won two large contracts”. Sounds interesting if these contracts are “large” for a “leading global” big data company…

De La Rue – “Trading Update” & “conducting a detailed review of the business”. Uh oh…

With its shares already down from 700p+ in 2017 and more than 450p as recently as May to a prior close 187p, a “Trading Update” from self-styled “the world's premier currency and authentication provider” De La Rue (DLAR)…

Windar Photonics – intra-day (hmmm!) “Auditor Resignation” (uh oh!)…

An intra-day (rarely a good sign) announcement from wind turbines “light detection and ranging optimisation systems” company Windar Photonics (WPHO); “Auditor Resignation” (again rarely a good sign!)…

Bear
PREMIUM CONTENT

Another Crack at Wayfair

Early last December, I recommended selling online home furnishing retailer Wayfair (NYSE - W) at $105. Helped by that month’s broad market sell off it promptly fell to $80. However I managed to close the position for a small loss as it rampaged back through my sale price, hitting over $160 in February. My gripe with Wayfair was and still is that ever since its inception in 2002 it has been incapable of making money and the more it grows its revenues the bigger are its losses (Q2 YOY revenue up 41% to $2.3 billion, losses up 81% to $181 million)...

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PREMIUM CONTENT

Premier Technical Services Group – a mea culpa from me?

Ay, ay, ay! – a recommended 210.1p offer for Premier Technical Services Group (PTSG) from Macquarie, which “the Independent Directors are recommending that PTSG shareholders vote in favour of”. I bet they are!...

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Premier Technical Services – emphasises “continued sales growth” & “confidence”, BUT…

Premier Technical Services Group (PTSG) has updated including “pleased to report that the group has seen continued sales growth and strong levels of orders in the year to date” and “the recent acquisitions of Guardian and Trinity are performing ahead of management expectations. This underscores our confidence in achieving a successful full year result in 2019”. The shares though, although well up from recent lows, are still down from more than 150p as recently as early this year to still sub 100p…

HRN
HRN

Hornby – full-year results, “pleased to report”?

Models and collectibles group Hornby (HRN) has announced results for its year ended 31st March 2019, “pleased to report to our shareholders in an exciting but challenging period for our company”

WSG
WSG

Westminster Group – “pleased to announce” an acquisition… but isn’t it short of cash?

Westminster Group (WSG) “is pleased to announce the acquisition of security and risk management company Keyguard UK Ltd”. But wait a minute; isn’t Westminster itself short of cash?...

Trafalgar Property – full-year results: “well placed to deliver…”. Really?

I last commented on AIM-listed Trafalgar Property Group (TRAF) back in July 2015, after it snuck out its results at 5.23pm on a Friday, announcing losses for its year to March 2015 but saying it was seeking a return to profitability in 2016 and 2017. So how has it done?

NAK
NAK

Nakama Group – “Corporate update and director resignation”. Uh oh…

I previously wrote on recruitment group Nakama (NAK) a couple of years ago – the shares then approaching 27% lower, heading towards 2p, on a trading update which featured management-speak shite & is shite!. The shares are today currently heading lower towards 1p on the back of a Corporate update and director resignation

Mirada – “pleased to present the group's interim financial results”. Hmmm…

In October I questioned on Mirada (MIRA) shares soar on contract win, but what about that financing needed? Today its CEO Jose Luis Vazquez is “pleased to present the group's interim financial results for the six months ended 30 September 2017”. Hmmm…

Pressure Technologies – indebted, follows profit warning with a placing… though claims it’s for “a number of benefits”

Engineering group Pressure Technologies (PRES) “is pleased to announce” the result of a bookbuild. This is of a gross £5 million placing at 122p per share. This comparing to a prior closing 126p share price and more than 140p prior to a most recent trading statement at the end of August…

Tasty – “trading across the estate below management's revised expectations”. Uh oh…

March-announced 2016 results from restaurant group Tasty (TAST) included that “the directors believe the group's core 'Wildwood' brand remains attractive to customers”, but that “trading since year has proved challenging and the directors are now expecting headline operating profit for 2017 to be below that achieved in 2016”. Hopefully the warning was heeded as the shares are currently further lower on the back of a “Trading Statement” announcement…

TRK
TRK

Torotrak – value destruction-enforced General Meeting held. Reckons “no further action” necessary. Hmmm…

“S656 General Meeting Update” from Torotrak (TRK). But it doesn’t seem to have released the results for its year ended 31st March 2017 as yet?…

Fitbug – 2016 results include “an idea whose time has come”. Really?...

Fitbug (FITB) has announced 2016 calendar year results – including that it believes it has “an idea whose time has come” – and a proposed change of name, to Kin Group. Hmmm…

Mirada – shares soar on half-year trading update, but does it tell the full story?

Having recently been declining, shares in digital technology company Mirada (MIRA) were the top gainer yesterday – up 26% to 4.25p – on the back of a “Trading Statement” announcement. Let’s take a look…

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