Keyword results: payables

SOS
SOS
PREMIUM CONTENT

Sosandar – FY Trading Update Ahead Of Expectations: So A Buy? Not Yet.

AIM-listed online purveyor of ladieswear, Sosandar (SOS), has released a trading update for its full year to March 31 2022 – and the news is good. Expectations had already been raised, but this morning the company tells us that those newer forecasts have been beaten. So is all rosy in the garden of Sosandar?

Subscribe to ShareProphets to access Premium Content

TheWorks.co.uk plc – interims, how will it trade with cost pressures in a more normalised consumer environment?

Arts, crafts, stationery, toys and books retailer TheWorks (WRKS) has announced results for its half-year ended 31st October 2021 and an update on subsequent trading which currently has helped the shares up by more than 14% to 64.6p, a £40.4 million market cap. So what’s the story?…

QUIZ plc – trading update, how creditable is “consistent with the board's expectations”?...

“Omni-channel fashion brand” company QUIZ plc (QUIZ) has made a trading update including noting “a £13.1m increase on the revenues generated during the comparable prior year period from 1 April to 30 June 2020” – and the shares have currently responded more than 20% higher to above 12p. Does this response to an around £15 million market cap look justified?…

TheWorks – expects trading “progress” to continue… or “too soon to judge”?

Value retailer of arts, crafts, toys, books and stationery including trading from 527 stores across the UK and Ireland, TheWorks.co.uk (WRKS) has announced a trading update emphasising “a resilient” year ended 2nd May 2021 performance and recent “encouraging” sales. How resilient and encouraging?…

Quiz plc – trading update, is there “robust underlying demand”?...

Previously writing on “fashion brand, specialising in occasion wear and dressy casual wear” Quiz (QUIZ), in January I questioned it having funds to “support the business’s initiatives”. Today a trading update…

Quiz plc – interims argue has funds to “support the business's initiatives”. Does it?...

‘Fast fashion’ company Quiz (QUIZ) has announced results for it half-year ended 30th September 2020 and that “as at 25 January 2021, the group had £3.0 million of cash and £3.5 million of undrawn bank facilities. This will support the business’s initiatives to further diversify the product range and ensure the group is well positioned to respond to an anticipated increase in demand for its core occasion wear offering in due course”. Will it?…

YU
YU

Yu Group – Very Positive Trading Update, BUT something is missing……

AIM-listed alternative energy provider Yu Group (YU.) updated the market this morning with a trading update which reads extremely positively. The shares are up by a very impressive 40%, but something was missing in this morning’s release. Will investors piling in this morning come to regret it?

PREMIUM CONTENT

CyanConnode – trading update, the net cash position maintained… or is it?...

Self-styled “a world leader in Narrowband Radio Frequency Smart Mesh Networks” CyanConnode (CYAN) states it is “pleased” to provide a trading update for the nine month period ended 31st December 2020 – and the shares are currently 5% higher in response to 7.75p. So what’s the detail?…

Subscribe to ShareProphets to access Premium Content
MAB
MAB
PREMIUM CONTENT

Mitchells & Butlers – “prudent to explore an equity capital raise”… or a ‘keep-the-lights-on’ necessity?

“First Quarter Trading Update” from restaurants and pubs company Mitchells & Butlers (MAB) includes that it currently has cash balances on hand of £125 million and that Chief Executive Phil Urban has “every confidence that we can emerge in a strong competitive position once the current restrictions on us are lifted”. So why a current 7% lower share price response, to around 220p?…

Subscribe to ShareProphets to access Premium Content

PCI Pal – “close the gap towards our first months of cash generation and profitability”… how swiftly?

“Cloud provider of secure payment solutions”, PCI Pal (PCIP) has updated including “first quarter revenues are 44% ahead of the comparative period last year” and the shares have currently responded to 46.5p, more than 16% higher…

KMK
KMK

Kromek – full-year results include “business patterns now returning to normal”, BUT...

Medical, security screening and nuclear markets-focused detection technology group Kromek (KMK) has announced results for its year ended 30th April 2020 including “solid progress was made in the early part of the year with Kromek reporting record H1 2019/2020 revenues” and “business patterns now returning to normal”… and the shares have responded to 8p, more than 20% lower…

FUL
FUL

Fulham Shore – further updates, how’s the net debt and outlook uncertainty now?...

Franco Manca and The Real Greek restaurants company Fulham Shore (FUL“announces an update on trading ahead of the publication of its audited results for the year ended 29 March 2020 (‘FY20 Results’) and an update on the timing of publication of the FY20 Results”…

PREMIUM CONTENT

Integumen & Modern Water – offer document extension required & reality biting?...

An update today that Integumen (SKIN“has sought and obtained approval from the Panel on Takeovers and Mergers to extend the deadline for publication of the Offer Document. Integumen currently expects that the Offer Document will be published by Friday 9 October”. But shares in the company currently more than 21% lower at 31.5p – and in prospective acquiree Modern Water (MWG) more than 18% lower at 3.125p?…

Subscribe to ShareProphets to access Premium Content
EVE
EVE
PREMIUM CONTENT

Eve Sleep – Interims from former Woodford dog pointing to a brighter future?

Former cash-hungry Woodford dog, AIM-listed Eve Sleep (EVE) has released its interims this morning. On the face of it there is plenty to cheer but a deeper look still offers plenty to worry about for shareholders.

Subscribe to ShareProphets to access Premium Content
SRT
SRT

SRT Marine Systems – following July “pleased to provide” trading update, full-year results...

Previously writing on SRT Marine Systems (SRT), in July with the shares at 37p I concluded I continue to wait for some meaningful net cash generation to be shown before reconsidering my decision to avoid. The shares last closed at 41.5p, but are currently back below 37p on the back of results for the company’s year ended 31st March 2020…

Be Heard Group – possible cash offer “advanced discussions”… what about that “recent movement” in share price?!

Be Heard Group (BHRD) “notes the recent movement in Be Heard's share price, and can confirm that it is in advanced discussions with MSQ Partners Limited regarding a possible cash offer of 0.5 pence per Be Heard share”. The shares have currently responded around 0.20p higher to circa 0.46p, capitalising the group at around £5.75 million...

MDZ
MDZ

MediaZest – argues outlook positives… but are there? & what about that balance sheet?...

Self-styled “creative audio-visual systems integrator that specialises in providing innovative marketing solutions”, MediaZest (MDZ) has updated including “it is expected that the operating subsidiary, MediaZest International Limited, broke even for May”“involved in active discussions in relation to potential new client mandates over the last month, and several are expected to be won during the next 4-6 weeks” and “research and development around motion sensing technology and haptic technology… Initial reaction from potential customers for these two product lines has been encouraging” – and the shares are currently at 0.04p, more than 50% higher...

CWD
CWD

Countrywide – results & update, it still ‘confident in the strength of the underlying business as an independent company’?

I previously wrote on “the UK's largest integrated property services group, including the largest estate agency and lettings network”, Countrywide (CWD) in March, questioning “confident in the strength of the underlying business as an independent company”. Now results and a ‘COVID-19 update’...

CMH
CMH

Chamberlin – financials & Premier Miton concerns

Previously writing on castings and engineering group Chamberlin (CMH), in December I questioned do contract awards justify the current approaching 90% share price rise? – concluding, with the shares at more than 40p, I’ll monitor for some sustained improved trading momentum but the financials at this juncture see me certainly continue to avoid. There’s now followed attempted no-one watching o’clock “Trading Statement”, research update and “Holding(s) in Company” announcements…

No justification for the huge spike in the share price of 7digital, a company that is almost certainly insolvent - sell

This week private investors seem to be very excited about shares in a company called 7digital (7DIG) and the share price has rocketed, but at this stage I’m finding it hard to see how a rise of this magnitude is justified or sustainable.

EVE
EVE
PREMIUM CONTENT

Eve Sleep Trading statement - still bargepole material

AIM-listed former Neil Woodford doggie favourite Eve Sleep (EVE) has offered up a trading statement. On the face of it the news appears favourable, with cashburn slashed by 51%, the EBITDA (bullshit earnings) loss heavily reduced by 43% and £7.8 million of cash in the bank at year-end. We are also told that the company reached break-even at an operating level in the last four months of the year. All good, but is there yet another fundraise around the corner?

Subscribe to ShareProphets to access Premium Content
AEX
AEX
PREMIUM CONTENT

Aminex has potential - but I would only invest once the PSA is resolved and farm out is completed

A ShareProphets reader has requested that I take a look at Aminex (AEX), which is a bit of a blast from the past, as I can remember a time, quite a few years back, when this Tanzanian focussed company was popular with private investors and was going to be the next big thing in oil and gas.

Subscribe to ShareProphets to access Premium Content

Jaywing – interims, funding challenge really ‘successfully tackled’?

Previously writing on Jaywing (JWNG), in October with the shares at 6p I concluded there still looks a real chance of significant dilution here. I’ll continue to monitor, but re. the shares currently certainly continue to avoid. Today results for its half year ended 30th September 2019 – and the shares currently approaching 25% lower on the day… to 3.5p…

CMH
CMH

Chamberlin – do contract awards justify the current approaching 90% share price rise?

Shares in specialist castings and engineering group, Chamberlin (CMH) are currently approaching 90% higher on the day, at more than 40p, on the back of two “Contract award” announcements…

RBG
RBG

Revolution Bars – full-year results, no longer short of expectations in every conceivable weather environment?

Revolution and Revolución de Cuba bars group Revolution Bars (RBG) has announced results for its year ended 29th June 2019 and “over the last three months our like-for-like sales have consistently outperformed the 'Bars & High Street Bars' cohort in the CGA industry sales tracker for the first time in over eighteen months as we start to recover market share”. No longer short of expectations in every conceivable weather environment?...

YU
YU
PREMIUM CONTENT

Told Yu!

AIM-listed Yu Group (YU.) released its interims this morning. For all the hope and bluster, as predicted, the balance sheet says it all for me and the shares are currently down 17% to 122.5p.

Subscribe to ShareProphets to access Premium Content
YU
YU
PREMIUM CONTENT

YU cannot be serious – interim trading statement full of holes: still a sell

AIM-listed utilities provider Yu Group (YU.) has offered up a trading statement for the first six months of the year. The numbers offered are full of holes, leaving more questions unanswered and we are told there will be an adjusted (ie bullshit) EBITDA (double bullshit) earnings loss of between £2.5-£3 million. Goodness knows what the actual bottom-line loss will be then. And as for the cash figures offered...

Subscribe to ShareProphets to access Premium Content

Toople – interims, “cash… sufficient to allow business to continue with the growth plan”. Really?...

Previously writing on provider of telecom services to UK SMEs Toople (TOOP), it was argues “tremendous progress”… but what about to that ‘positive cash flow generation’?. Today results for the company’s half-year ended 31st March 2019 argue “this has been an excellent six months for the company… Current trading is strong with another record month in April and a healthy new business pipeline… initiatives and our excellent product offering and customer service will, we believe, ultimately set us on the road to achieve our stated goal of long term future profitability”. The shares have currently responded, er, towards 0.50p – more than 7% lower…

Trafalgar Property – FY trading statement shows this is a crock of….”exciting times”! SELL.

Last time I commented on AIM-listed Trafalgar Property (TRAF) I responded to the claim it was well placed to deliver with the observation that since listing on AIM it had only delivered one set of profitable account out of five when the housing market was on fire, and that current borrowing of £3.1 million plus longer term loans of £4.9 million meant that the lenders would benefit long before shareholders. This morning we had a trading statement: how does the well placed to deliver company find itself?

Trakm8 – “positive adjusted profit for the second half”… so at least close to net cash generation then? Er…

Telematics and data supplier Trakm8 (TRAK) commences a trading update for its year ended 31st March 2019 with that it “met current market expectations… achieved a positive adjusted profit for the second half” and the announcement includes “at the period end contracts were secured with Ingenie… and another one of the UK's innovative insurance providers. Post year end Trakm8 signed a contract with another new insurance provider… The number of roadside assistance customers deploying Trakm8 solutions across Europe has increased to 7 and the product has been launched in Australia. In the Fleet space new contracts were secured with a number of medium sized fleets”. Good news then?...

Nexus Infrastructure – from less than 5 months ago “strong order book provides forward earnings visibility” to…

Less than two years ago provider of infrastructure services to the UK housebuilding and commercial sectors, Nexus Infrastructure (NEXS) was, at 185p per share, “delighted to announce the successful completion of our IPO on the AIM Market… as a quoted company we look forward to the future with confidence”. The company’s December 2018-announced results were headlined “Delivery of profits in line with management expectations and strong order book provides forward earnings visibility” – and now a “Trading Update and Notice of Results”

MAI
MAI

Maintel – “expected to be at the top end of the range”, so why are the shares still significantly lower than previously?

A 2018 trading update from provider of communications, cloud and managed services Maintel (MAI) includes “adjusted EBITDA expected to be at the top end of the range” and “the board remains confident in delivering growth in both revenue and EBITDA for the current financial year to 31 December 2019”. The shares have responded higher to 460p – but this still compares to 650p at the commencement of November…

YU
YU
PREMIUM CONTENT

ShareProphets RNS Translation Service: Yu Group ‘fesses up (again) as shares collapse another 22%

And so at last we have the results of the forensic accounting review which followed the confession from AIM-listed Yu Group (YU.) on 24 October 2018 that its accounts were, in effect, a work of sheer fiction and has seen the company’s £12 million placing at £10 per share being investigated by the FCA. We already knew that the bill would be around £10 million – but now it is going to be around £13 million. As ever, the ShareProphets  RNS Translation Service is on hand to help us understand all this (original in bold).

Subscribe to ShareProphets to access Premium Content
TEP
TEP
PREMIUM CONTENT

Telecom Plus Interims – one for dividend munchers or bargepole?

Fully-listed Telecom Plus (TEP) is a member of the FTSE250 and it announced its interims this morning. The shares are currently up 56p to 1258p, valuing the company at £982 million. With an expected full year dividend of 52p that puts the shares on a dividend yield of 4.13% which appears quite tasty when compared to a bank account. So are they for dividend munchers, or is there something lurking beneath the surface to make me run a mile? Covering the company in the past I was less than convinced, but with fresh eyes let’s take a look.

Subscribe to ShareProphets to access Premium Content

Filthy Forty – China New Energy delivers interims, Look at the balance sheet - Bargepole stock

AIM-listed China New Energy (CNEL) of the ShareProphets AIM-China Filthy Forty has this morning delivered its interims ahead of Friday’s deadline. So no pending execution here, then! Chairman Yu Weijun tells us that he is very pleased to report that the Company's continued revenue growth and profitability……The company has a current order book and work in progress of RMB 294 million (c. £34m) to be fulfilled by December 2019, and I am confident that the business outlook is for continued profitability. Well, that’s great news. Of course, there are a few questions to be raised, though….

Filthy Forty Walcom – no silk purse, it’s a sow’s ear of a trading statement

ShareProphets AIM-China Filthy Forty play Walcom (WALG) hasn’t provided as much entertainment as some of its fraudulent brethren, but yesterday’s trading statement – issued at 10.36am, so bad news – is a bit of a gift.

VIS
VIS

Vitesse Media – full-year results & more, a lot can happen in 36 minutes here it would seem!

A 10:35am results announcement from Vitesse Media (VIS). Not a portend for a positive announcement I’d suggest - and then 36 minutes later a “Directorate Chg, Hldgs in Co, Proposed Fundraising” announcement. Hmmm…

Imaginatik – full-year results, “a year of good progress”. Really?

Innovation technology and consulting company Imaginatik (IMTK) has announced results for its year ended 31st March 2017, arguing “a year of good progress as we continue to position the business to capitalise on the growing market opportunity available”. The shares though are at a depressed 2p, so what’s the story?...

Strat Aero – “Trading Update”, what’s the real balance sheet picture though?

Strat Aero (AERO) “announces a trading update ahead of its full year results for the year ended 31 December 2016”. Hmmm – it’s already April 2017 though. I’d suggest this doesn’t bode well…

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…

Filthy Forty Haike Chemical – first out of the traps this week with interims. Red Flags for breakfast?

Well done to ShareProphets AIM-China Filthy Forty play Haike Chemical (HAIK) for being first to stick its head above the parapet this week with the release of its interims to June. One down, nine to go. The PR reads well enough: profitable for the half, lots of cash in the bank. That’s the spin – but what about the Red Flags – such as negative net current assets?

AXM
AXM

Is the appointment of a new broker a sign of more dilution to come at Alexander Mining?

When it comes to small AIM companies the appointment of a new broker can often be an indication that dilution is on the way, and I have to wonder if that is the case with Alexander Mining (AXM).

Cyan – a “world leader” adopting a model “similar to ARM Holdings plc”. Really?!? …

Self-declared “world leader” in technical jargon to describe what it does (Oops, I meant “in narrowband RF mesh networks for Omni Internet of Things communications”), Cyan (CYAN) has announced results for the first half of 2016 – noting its “financial performance reflected the increasing maturity of our offering and relationships” and that it’s “excited by the group's growth prospects”. Hmmm…

Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Complete Coverage

Recent Comments

|