Writing on Deltex Medical Group (DEMG) with the shares crashing towards 0.20p last month I noted it will be interesting to see just how dire the latest half-year position was and questioned will the latest funds really be sufficient to implement a growth strategy delivering net cash generation. So what of the now-announced results for the first half of the 2023 calendar year?
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?
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?
‘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 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?
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?
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%?
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?
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?...
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?…
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…
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?…
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?…
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.
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?…
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?
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?…
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?…
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?…
A “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%!?…
A “Further Covid-19 update” from Wagamama, Frankie & 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?…
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…
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…
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!…
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…
“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…
A “Joint Broker Appointment” announcement from Lekoil (LEK), with a 2.95p share price giving a market cap of £15.8 million. Hmmm…
A “Notice of Results” announcement from recruitment software and services group Dillistone (DSG) – and the shares below 20p in response, more than 17% lower!...
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!...
A “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...
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…
Previously writing on recruitment software group Dillistone (DSG), last month with the shares moving higher - above 30p - I concluded there’s scheduled to be a full-year trading update on 6th February – and I’ll review that re. the above concerns. For now, my stance remains avoid / sell. Those concerns were particularly ‘GatedTalent’ financials and the overall balance sheet…
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?...
Previously writing on capital markets risk management technology-focused KRM22 (KRM), in November I noted “placing… to provide the company with additional working capital”... Or not? – concluding “there remains cash danger. As previously concluded with the shares around 70p, at this juncture I certainly avoid”. Now a “Trading Update”…
“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…
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)…
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!)…
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)...
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!...
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…
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”…
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?...
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?
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…
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…
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…
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…
A “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 (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…
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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