Previously writing on printed circuit technology products manufacturer Trackwise Designs (TWD), last month with the shares falling to below 0.60p I questioned is a material and timely sale and/or material orders from the ‘pipeline of sales opportunities’ really likely to arrive to bail the company out now? And concluded, having already had a desperate bailout equity raise as recently as January, again hopefully my prior warnings were heeded and still avoid/sell. Today from the company a “Delay of Results and Trading Update” announcement. Uh oh!
In July I noted on Allergy Therapeutics (AGY) with the shares down to 17p that brokerage finnCap argued “substantial potential upside as key value inflection points are reached over the next 18 months”, but with there also clear risks, including financial, in reaching them and a still £109.5 million market cap, at least before the upcoming results detail, I avoided. So what of today an “Annual Report and Accounts Delayed”-titled announcement?
Hello Share Gatherers. You’ll have read before that I favour Zoo Digital (ZOO), a Sheffield outfit that does indispensable work in the film and tv industry. I was writing a piece based on that it was announcing its full year numbers today, which I expected to be rosy, however instead news came in that the results have been delayed.
TP Group (TPG) has issued an “Extension to Publication of Results”-titled announcement and the shares are down from 2.5p to currently 1.85p in response. So what’s going on?...
Ariana Resources (AAU) has announced that its annual report is now expected next month “due to delays experienced as a result of continuing restrictions on travel to and within Turkey”, but that it is also now pleased to update the market on its operations…
Self-styled “the operator of a leading marketplace for personalised products” Altitude Group (ALT) has made an “Interim results update”. Its half-year ended 30th September, so you’d expect it to be able to provide some decent detail by now. What does the update provide?…
Previously writing on self-styled “operator of the leading marketplace for personalised products” Altitude Group (ALT), in July with the shares 17.5% lower on the day at 23.5p I concluded cautious of the required recovery in transactional volume through 2020, with my prior update on the company and with a still more than £16 million market cap, natch still bargepole / sell. Now “Postponement of Results and Trading Update”, and the shares at 14p…
Marketing company M&C Saatchi (SAA) has updated commencing that it is “pleased to announce that the group has continued to trade well and profitably in the opening few weeks of the second half of 2020. New business remains strong” – and the shares are currently at 64.4p, more than 5.5% higher…
A “Joint Broker Appointment” announcement from Lekoil (LEK), with a 2.95p share price giving a market cap of £15.8 million. Hmmm…
Hello, Sharemongers. One of my favourite shares, Creightons (CRL) was expected to announce its full-year results. Many traders, seemingly in anticipation of sprightly numbers due to extra business after the virus outbreak, started to buy the shares. However, the company has announced it’s delaying its results until August 26th, which it's allowed to do as the FCA has extended the period for financial statements due to the corona situation...
“Windar Photonics plc (AIM:WPHO), the technology group that has developed a cost efficient and innovative LiDAR wind sensor for use on electricity generating wind turbines, is pleased to announce that it has renegotiated the terms of its Growth Fund borrowing from the Danish public institution, Vaekstfonden”. This following I previously concluding on Windar including Of course, “to strengthen the company's balance sheet” means ‘to currently keep the lights on’ – so I guess it is pleased in that respect! However, with the “challenging… trading conditions… conversion of the sales pipeline into confirmed orders being particularly slow”, will the new cash really be sufficient for long?...
Commercial flooring and specialist construction group Mountfield (MOGP) has updated including that it “is encouraged by the re-opening of many of its clients' sites and the determination of many of its clients to restore activity levels to their pre-COVID-19 levels”. The shares have currently responded to around 0.75p – approaching 30% lower!...
A “Notice of Results” announcement from recruitment software and services group Dillistone (DSG) – and the shares below 20p in response, more than 17% lower!...
Lookers plc (LOOK), describing itself as “one of the leading UK motor retail and aftersales service groups”, last week updated with CEO Mark Raban “pleased to have reopened our dealerships… We have used the time as the business has been closed to adapt and evolve to meet changes in consumer behaviour, not just for a post Covid environment, but also to enhance our digital offering and the trend towards electrification… There is still a lot more work to do, but we have the determination, platform and brand partnerships to take the business forward”. Today “Update on Results”… and the shares currently around 25p, approaching 20% lower...
So the FCA has 'strongly requested' to any company which was planning to publish results in the next fortnight that they observe a moratorium. I understand why it has requested it – high uncertainty and a real difficulty in doing anything other than quoting your banking facilities, that you are reducing costs and having to pull some combination of your full year guidance / dividend etc. However information is the lifeblood of any market…
In my estimations for all the love given to the utterances of Warren Buffett, investors would be even better served by mixing up the thoughts of the Sage of Omaha with the wit of Oscar Wilde. This is because reading today's regulatory news offering by building products company SIG (SHI), I was reminded of the latter's line that 'to lose one parent may be regarded as a misfortune; to lose both looks like carelessness'…
Previously writing on Gulf Marine Services (GMS), last month I concluded including I wish that candidate luck! There should be more detail on what they face here with 11th September-scheduled half-year results. And now… “Re-scheduling Interim Results Release Date”. Uh oh – and re-scheduled to when?...
Previously writing on digital inkjet technology company Xaar (XAR), in March with the shares sliding below 115p I concluded the cash burn and current clear trading challenges see me note that “strong portfolio” still very much has to be proven – and to currently retain a stance of avoid. That was with the company having updated including “we are confident that the transformation we are undergoing will lead us to become a more diversified and customer-centric organisation, with an appropriate balance between established and developing technologies. We remain focused on delivering the benefits of our strong portfolio and technology advantages to shareholders”. Today a “Trading update & revised date for interim results”. Doesn’t sound encouraging!...
Previously writing on “data science led agency and consulting business” Jaywing (JWNG), I noted in July “trading in the first quarter of this financial year has been very weak” compared to “solid progress” in early May – concluding the shares are currently down below 10p, but “very weak” trading and the exposure to discretionary spend in the uncertain conditions concern. I’ll review the results statement - when it actually arrives! - with interest but currently certainly continue to avoid. Now “Further re. trading update and results”…
Previously writing on Carclo (CAR), last week I noted results delayed again; now it’s “hopes” to avoid shares suspension!. Now an “Update on banking position and timing of results”…
On 30th January, after at first only announcing “Delay to publication of results… the company will provide a further update as soon as possible”, shares in Staffline (STAF) were eventually suspended (3:50pm) and it was updated (6:14pm) including that “concerns were brought to the attention of the board relating to invoicing and payroll practices… shareholders will be updated in due course”. Today a “Group Update and Restoration of Trading” – and the shares currently more than 25% higher, at around 840p, capitalising the company at £235 million…
Previously writing on Goals Soccer Centres (GOAL) in January it was own goal as goes from “optimistic” to profit warning in 4 months – with I concluding, despite the shares then heading down towards 60p and the company arguing “it is anticipated that during 2019, considerable headroom will be generated”, that “anticipated” can be very different to reality – and particularly with also the “current economic and political uncertainty”. Sell / avoid. Now a “Trading update and change of reporting date”. Uh oh…
Just when we thought the whiffy week on the ShareProphets AIM-China Filthy Forty had served up the final course of the abominable banquet, up popped Asian Citrus Holdings Ltd (ACHL) with the petits fours. Its final results for the year to June 2015 – due to have been released yesterday – have been delayed. Uh oh….
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