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Even a few of our detractors have now come around
A trading update from mass spectrometry equipment company Microsaic Systems (MSYS) commences that “revenues for FY21 have significantly exceeded those of FY20, recovering to a level slightly ahead of that in FY19, a pre-pandemic benchmark” and includes CEO Glenn Tracey “absolutely delighted”. So what of a current share price response down to around 0.19p?…
Previously writing on technology company to defence and related markets Cohort (CHRT), in September with the shares lower to 568p I concluded including also noted is that some delays have persisted – with the company noting some extended negotiations, restrictions impact and supply chain challenges… at this juncture, just on the watchlist. The shares last closed at 600p, but are currently lower towards 500p on the back of half-year results. So what’s the story now?…
Touch sensors manufacturing company Zytronic (ZYT) has announced results for its year ended 30th September 2021 and noted “the basis for good progress in the coming year”.
Previously writing on the company which describes itself as “the global leader in LED lighting for heavy industrial applications” Dialight (DIA), in August with the shares up to 332p I concluded I’ll continue to monitor the company’s recovery potential but, with also continuing “impact of component shortages, extended lead times and logistical challenges”, I continued to avoid. Today a trading statement which commences “The group has traded well in the period, quoting activity has significantly increased with a greater number of capex projects. Order intake year to date was up 34%, driven by a strong performance in the Lighting segment”, so why are the shares currently slightly further lower to 325p?…
Previously writing on provider of technology-based training and support to the defence and regulated civilian sectors Pennant International (PEN), I concluded last month as the shares fell to below 30p ‘it argues it “expects to make an EBITA profit for the current six months to the 2021 year-end”, but that’s somewhat bullshit earnings and compares to a still market cap of £10.5 million. With, I suggest, there doubt on even those ‘earnings’ for the full-year considering the noted dynamics, I certainly currently continue to avoid’. The shares last closed at 26p, but are currently back up towards 30p on the back of half-year results…
Shares in technology products principally for the gaming and broadcast industries company Quixant (QXT) are currently higher, above 150p, on the back of an update at its AGM including “order intake remains strong, providing us with further improved order coverage for our internal full year budget”. What does that mean financially though?
Previously writing on promotional products group 4imprint (FOUR), in August I noted the half-year performance and outlook saw the shares falling back having reached around 2600p – and that I continued to avoid. They commenced today at 2690p but are now sliding back on a full-year results announcement…
Previously writing on ‘engineered electronics’ company TT Electronics (TTG), in November with the shares at 223p I questioned where now on the covid bandwagon?, concluding the valuation still looked more than high enough at that juncture. What now following 2020 results?…
Self-styled “a global leader in real-time, high-performance, automatic DDoS cyber defense solutions” Corero Network Security (CNS) has made a trading update emphasising “Revenue ahead of market expectations driven by record order intake”. As I though previously questioned, is there really “solid foundations” here?…
Corero Network Security (CNS) has made an “Order Intake” update, emphasising “positive progression… reflected in the associated order intake of more than $3 million in the first two months of the final quarter of 2020” – and the shares have currently responded to 9.5p, more than 15% higher. Does this look justified?…
Self-styled “engineering, technical, environmental and strategic consultancy business, which also manufactures and assembles niche, high-quality and high-performance products” Ricardo plc (RCDO) has updated commencing; “In the quarter to 30 September 2020, overall order intake was strong at £105.2m, up 19% on the pre-COVID quarter to 30 September 2019. This is also up on the £70m of orders received in the quarter ended 30 June 2020”. The shares have currently responded to 337p, more than 8.5% lower…
LED lighting for industrial applications company Dialight (DIA) has updated including noting “generally improving… order intake… We are starting to see early signs of project business and our MRO orders have continued to strengthen, demonstrating a significant increase in our market share… Order book is higher than we had expected” and “the ongoing conversion to industrial LED lighting”. However...
Corero Network Security (CNS) has updated with CEO Ashley Stephenson emphasising “our strong order momentum in the second half of 2019, combined with our higher levels of recurring revenue and strong new business pipeline, provide Corero with solid foundations for 2020”. The shares have currently responded higher, towards 6p but that still compares to more than 12p at the start of 2019…
X-ray screening systems company Image Scan Holdings (IGE) was previously featured on this website last month; bank a more than 100%, less than four week gain. Enjoy!. Now results for its year ended 30th September 2019…
Surveillance technology and networked security systems company Synectics (SNX) has announced results for its half-year ended 31st May 2019 and a contract win…
Managed services and technology-based security solutions group Westminster (WSG) has updated including “trading for 2019 has started on a strong note with both order intake and revenues ahead of budget… over the next few months and years we have an opportunity to achieve unprecedented growth from the prospects we are pursuing” – and the shares have currently responded to 8.5p, more than 40% higher…
LED lighting and electro-mechanical systems group LPA (LPA) is a former tip, though one which was sold on the N50 website at 107p last summer as it noted “successive changes in Government procurement policy have impacted domestic supply chains for both new and refurbished trains and there is increased competition in our Asian markets”. The shares would later fall below 100p and closed yesterday at 103.5p before today an “AGM Trading Update”…
Buy and build of scientific instrument businesses-focused Judges Scientific (JDG) has updated including “the board expects earnings per share for the full year ending 31 December 2018 to exceed current market expectations as increased in September”. Sounds promising…
A “Trading Update and Revised Dividend Commitment” announcement from telecommunications and related services group KCom (KCOM). The prospective dividend yield was already 6.5% - so I’m guessing it ain’t being revised upwards…
Frontier Smart Technologies (FST) has updated including “in recent weeks, Frontier's radio sales orders have started to recover” and “Smart Audio revenues in H1-2018 are expected to be up 19 per cent year-on-year”. The shares have responded… er, currently more than 7% further lower below 50p…
Amino Technologies (AMO) has announced results for its half year ended 31st May 2018, emphasising “strong revenue visibility and pipeline coverage - full year expectations confirmed” - the numbers though showing adjusted earnings approaching 60% lower than in the corresponding half in the prior year on revenue 17% lower at $41.2 million. Hmmm…
In May Safestyle UK (SFE) was “pleased” with an interim legal outcome and the shares bounced above 60p. However, I concluded there remains a raft of uncertainty meaning I wouldn’t want to own the shares - and continue to avoid. Today a trading update…
Previously writing on Safestyle UK (SFE), I noted health & safety issues adding to clear challenges the company already faces and dividend worry. There’s now ”Trading Update and Directorate Change”…
Information management software and services company Idox plc (IDOX) has updated including “we have had an encouraging start to the year in terms of order intake and delivering the benefits of our reorganisation… remain confident of Idox's prospects and believe that the group has good growth opportunities”. The shares have responded, er, a further more than 5% lower, below 29p…
Microwave electronics products for communications markets-focused Filtronic (FTC) has updated on trading including performance “broadly in line with our expectations” and “we are pleased with order intake and new contract wins in both businesses during the period, which support our strategic development goals”. So why are the shares currently circa 8% lower towards 10p?...
Shares in Image Scan Holdings (IGE) were the biggest risers in London yesterday – up more than 40% to 6.625p on the back of a “Trading Update” announcement…
Last week I questioned stated “continued good progress” by Hayward Tyler (HAYT), with it having produced a profit warning as recently as 20th February. The following updates with the shares currently on the rise, at around 55p, on the back of a trading update the company “is pleased to provide” for its year ended 31st March 2017…
Down from above 75p at the commencement of the year, shares in engineering group Hayward Tyler (HAYT) are currently today rebounding more than 10%, above 40p, on the back of a “New order wins” announcement…
An early this year recovery in shares in Molins (MLIN) is currently continuing to reverse on the back of its announcement of results for the 2016 calendar year…
Friday 3rd February 2017: “Vislink confirms that it has changed its registered name to Pebble Beach Systems Group plc” (PEB). Monday 6th February 2017: “The company informs shareholders that the results for FY2016 are expected to be materially below the board's previous expectations”. Well, that didn’t take long!...
Unlike its previous “Trading Update” announcement, it’s not ‘no one watching o’clock’ this time - but it is the same end result for shares in 21st Century Technology (C21); they're crashing...
