Keyword results: shares sell

B90
B90

B90 Holdings – “pleased to announce” broker appointment. Why might that be?

Online marketing and operating company for the gaming industry B90 Holdings (B90) “is pleased to announce the appointment of Arden Partners plc as its Corporate Broker with immediate effect”. That includes with the shares down from above 10p early this year to a current 4.5p and follows results announced last week.

ITX
ITX

Itaconix – “revenues substantially ahead”. Er, how’s the cash burn?

Describing itself as “a leading innovator in plant-based specialty polymers used as essential ingredients in everyday consumer products”, Itaconix (ITX) has issued an AGM statement emphasising “revenues substantially ahead of any prior half year. Demand has remained strong right into this week”. So what of a current 5.75p share price, circa £26 million market cap – approaching 30% ahead on this latest announcement from the company?

COM
COM
PREMIUM CONTENT

Comptoir Group – founder seeks resignation of both Chairman and CEO

Lebanese and Eastern Mediterranean restaurants group Comptoir (COM) has announced that it has received a proxy form and a letter from founder, Creative Director and 47.6% shareholder Tony Kitous voting against, at its AGM this week, the re-election of Chairman Richard Kleiner and the directors having authority to allot shares. Further the letter states that if the Chairman and CEO Chaker Hanna don’t resign, a director change General Meeting would be requisitioned.

Subscribe to ShareProphets to access Premium Content

Parsley Box – Wimbledon package following Platinum Jubilee “success”. Er...

Direct-to-consumer ready meals group Parsley Box (MEAL) has issued a “Wimbledon cream tea & Pimms Daily Mail partnership”-titled announcement including that the offering is “following the success of Afternoon Tea for Two for the Queen's Platinum Jubilee… Our plan includes offering a wider range of relevant goods to our customers which they have demonstrated that they are keen to enjoy”. So what of a share price currently up to 18p?...

CHH
CHH

Churchill China – after “pleased to report” AGM Statement last week, a “Director/PDMR Shareholding” announcement...

Describing itself as a “manufacturer of innovative performance ceramic products serving hospitality markets worldwide”, Churchill China (CHH) on Wednesday was “pleased to report” a continuation of record demand, that its order book remains healthy and that it “remain confident in our ability to deliver an improved year on year performance in 2022”. Now a “Director/PDMR Shareholding” announcement...

XSG
XSG

Xeros Technology – 2021 results, “a strong foundation for future growth”? Er...

Writing on Xeros Technology Group (XSG) last week as the shares rose above 70p I concluded ‘with this share price spike towards a £17 million market cap, I’d… be particularly wary – also with financial results scheduled for next Wednesday. Certainly ahead of that, I continue to avoid’. Hopefully that was heeded as the shares last closed at 41.5p and are currently below 40p on the back of the 2021 results announcement. So what’s the news?...

B90
B90

B90 Holdings – 2021 results, was the subscription for marketing activities and working capital?...

Previously writing on B90 Holdings (B90), last month I questioned a gross £0.731 million subscription “for marketing activities and working capital”?. Today the online marketing and operating company for the gaming industry has announced its 2021 calendar year results. What do they show?...

MCL
MCL
PREMIUM CONTENT

Morses Club – increase in complaints AGAIN (…why’s the AGM being held virtually again?!)

On 3rd March Morses Club (MCL) issued a trading update including that having “announced that it expected adjusted profit before tax for FY22 to be between 20% and 30% below the prevailing analyst consensus of £7.5m due to the impact of the recent increase in claims, subject to year-end audit review… complaints continue at the same levels as we reported, and our guidance remains unchanged”. Now an “Update on Claims Volumes and FY22 Results” announcement...

Subscribe to ShareProphets to access Premium Content
GBG
GBG

GB Group – full-year results, was the trading “stronger than anticipated” unsustainable?...

Previously writing on digital location, identity verification and fraud software group GB (GBG), in February last year with the shares at circa 860p I noted forecasts for an earnings per share decline and only just above that of then in the year after that are not, I suggest, what the valuation demands, avoid / sell. With the shares having last closed at 489.4p, what of now-announced results for the group’s year ended 31st March 2022?...

HeiQ – hygiene technologies progress update, how positive is it?...

HeiQ plc (HEIQ) is pleased to provide an update on developments made within its Hygiene technology business, with CEO Carlo Centonze arguing its product range “is the strongest and most sustainable in the specialty hygiene ingredients industry”. So what of a current 96p share price?...

XSG
XSG
PREMIUM CONTENT

Xeros Technology – licence & testing developments spark shares… bailout funding next?

Xeros Technology Group (XSG) states that it is pleased to announce the signature of a licencing agreement for its XFilter filtration technology with Hanning Elektro-Werke and results from testing of the domestic washing machine filtration technology. But do they merit a current more than 100% share price rise to above 70p?!

Subscribe to ShareProphets to access Premium Content

DeepVerge – emphasises operational encouragement, but what about the financials?

Environmental and life science technology company DeepVerge (DVRG) has announced “Notice of Final Results and Annual Report… Skin Trust Club continues to expand with accelerated momentum”. What of a current approaching 6% share price fall towards 12p in response?...

PREMIUM CONTENT

Devolver Digital – after more than £154m for sellers little more than seven months ago, ANOTHER AIM IPO Roll-Call of Shame...

On 4th November last year ‘digital publisher and developer of indie video games’ Devolver Digital (DEVO) was “pleased to announce the admission of its shares to trading on the AIM market”, with Executive Chairman Harry Miller “excited about what the future holds”. Now a “Trading Update”...

Subscribe to ShareProphets to access Premium Content

Mind Gym – full-year results, what of the valuation and “macro economic headwinds”?...

Previously writing on behavioural science-based business improvement company Mind Gym (MIND), with the shares at 130p in April I concluded that the valuation didn’t look to leave scope for the uncertainty and downgrades and therefore to still avoid / sell. Today it “is pleased to announce its audited results for the year ended 31 March 2022”...and the shares are 120p. Hmmm...

DFS
DFS
PREMIUM CONTENT

DFS Furniture – trading statement, is it here comes the consumer crunch?...

Describing itself as “the UK's leading retailer of living room furniture”, DFS (DFS) has issued a trading statement including that it has “increased our weekly production and delivered revenues progressively over Half 2, to record levels in the fourth quarter… expect to close the financial year with an order bank that is elevated by c. £30m or c. 2.5% of annual revenues relative to pre-pandemic levels… The group remains in a strong financial position with significant available headroom under our £215m bank facility”. So what of a current share price response to below 165p, 11% down!?

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Peel Hunt – full-year results, ANOTHER AIM IPO Roll-Call of Shame...

Mid and small cap broker Peel Hunt (PEEL) has announced results for its year ended 31st March 2022 including emphasising “good progress against our strategic priorities”. So of what the shares currently down to 114p, a £140 million market cap?...

Subscribe to ShareProphets to access Premium Content
XSG
XSG

Xeros Technology – “delighted with the progress made by IFB”. Really?...

Xeros Technology Group (XSG) has announced a “launch update” including emphasising that it is “delighted with the progress made by IFB ahead of the launch later this year of the world's first domestic machine incorporating Xeros' technology”. So what of a current little changed circa 32.5p share price?...

ITX
ITX

Itaconix – 2021 results, “well positioned for growth in the coming years”. Really?...

Previously writing on company which describes itself as “a leading innovator in plant-based specialty polymers used as essential ingredients in everyday consumer products”, Itaconix (ITX) in April with the shares above 5p I concluded ‘with, I suggest, further bailout funding still likely to be required, still avoid / sell’. So what of today-announced full-year results?...

PREMIUM CONTENT

Parsley Box – director shares purchase a Spoooof?...

“Director Dealing” announcement from Parsley Box Group (MEAL) today and the shares are currently up approaching 3% in response to give a £13.4 million market cap. Some good news then?

Subscribe to ShareProphets to access Premium Content
EVE
EVE
PREMIUM CONTENT

Eve Sleep – seeking additional investment for development… or because of cash crunch ahoy?...

Eve Sleep (EVE), under a “Strategic and financing options review” heading, states this is with it “having delivered a third consecutive year of growth in revenues and marketing contribution in our core UK & Ireland business in 2021, and cognisant of current trading conditions, the board now wishes to accelerate eve’s push into the wider sleep wellness space” and following “recent inbound investor interest”. So what of a current approaching 25% lower share price response to 1.25p?...

Subscribe to ShareProphets to access Premium Content
NNN
NNN

Nanosynth – “Strategy Update”, its face mask game is up (as Tom has long-warned here!)

Nanosynth Group (NNN) has at last admitted what seemingly only it now hadn’t admitted – “the average price and subsequent need for facial masks, particularly in Western Economies has diminished”. However, it still can’t admit total defeat on its “mask strategy” and tries to further ‘mask’ this with another “Strategy Update”!

PREMIUM CONTENT

Parsley Box – two days after Platinum Jubilee ‘delight’, ANOTHER trading warning!...

On Monday ready meals group Parsley Box (MEAL) announced sellout of 4,000 Platinum Jubilee-targeted hampers, with CEO Kevin Dorren “delighted to be working with so many highly regarded brands” on them. However, there were no financials included and today a “Trading Update”, and the shares down to 17.5p, a £12.7 million market cap.

Subscribe to ShareProphets to access Premium Content
NFX
NFX

Nuformix – management chaos follows operational chaos, hopefully warnings heeded!

Previously writing on pharmaceutical development company Nuformix (NFX), in February with the shares up to 1.3p I questioned why it was pleased to announce a service contract and concluded to avoid / sell. Now a “Directorate Change” announcement has followed a “Corporate Update”.

RUA
RUA

RUA Life Sciences – full-year trading update, is it really ‘positioned well’?...

RUA Life Sciences (RUA) states that it “is pleased to provide an update for the year ended 31 March 2022 together with current trading, regulatory and operational updates, ahead of the publication of the group's audited final results for the year ended 31 March 2022, which are expected to be released mid-July”. So what of a current 7.5% lower share price at 43p?...

RAI
RAI

RA International – swings to a loss… so a LTIP options update!

Previously writing on remote site services provider RA International Group (RAI), in February with the shares down to 29p I noted ‘stalled order book momentum’. Er, isn’t it somewhat worse than that?, concluding to still avoid / sell. Now full-year results and more...and the shares further down to 22p.

Eleco plc – AGM trading update, is it right to be delighted with “progress”?...

Serena Lang, Non-Executive Chairman of construction software company Eleco (ELCO), is “delighted with Eleco's progress in the first four months of 2022” and emphasises “underlying demand for Eleco's products remains strong as the construction industry moves towards a more sustainable future, digitisation of the built environment and improvements in productivity… the board remains confident in delivering results in line with market expectations for the full year”. So what of a current share price fall to 88.5p?...

KMK
KMK

Kromek – emphasises ‘pleasing’ new order, but still what about the balance sheet?...

Radiation and bio-detection technology group Kromek (KMK) is “pleased to have received… latest order for our D3S-ID nuclear radiation detector… from a US federal entity”. What of a current share price response up to 12.75p?...

Parsley Box – after IPO puke, now corporate greed vomit...

Parsley Box (MEAL) has issued a “Grant of share incentive awards to Executive Directors”-titled announcement with the “incentive awards” being share options at 20.5p per share. The group listed on AIM at the end of March last year, emphasising “it is just the beginning of our journey serving the Baby Boomer+ demographic… looking forward to leading the business through our accelerated growth plans to become a household name”... at 200p per share!

IXI
IXI

IXICO – ahead of expectations, but set not to be so for long...

Medical analytics company IXICO plc (IXI) has announced results for its half-year ended 31st March 2022, including that it now anticipates that it will “materially exceed” market profit expectations for the full year. So what of a current 37.5p share price, down more than 9%?!...

DeepMatter – “delighted” with appointment of new Chairman. Hmmm...

‘Digital chemistry’ data and software group DeepMatter (DMTR) has announced it has appointed Alan Aubrey as non-executive Chairman, emphasising he “has a successful 20-year track record in founding, developing, and growing disruptive technology businesses… brings significant experience to the group in the commercialisation of science and the creation of high growth technology businesses that address global markets” and Chief Executive Mark Warne “delighted that Alan will join us as we enter the next phase of growth”. What of a share price rise to 0.13p?...

DeepMatter – contract announcements, attempted ramptastic?...

‘Digital chemistry data and software’ group DeepMatter (DMTR) states that it is “delighted” to be working with Springer Nature to provide the “leading global research publisher” with products and services making sharing research data faster, easier and more impactful. So what of a current more than 4% higher share price response to 0.12p?...

Deltex Medical Group – AGM statement, does trading remain a challenge?...

Medical technology group Deltex (DEMG) has updated on its AGM that “there are encouraging signs that the group's revenues in the UK and USA are beginning to recover”. So what of a current 1.10p share price?...

VIC
VIC

Victorian Plumbing – interims, but I thought the June last year IPO was ‘an exciting next step on the growth journey’?...

Online bathroom retailer group Victorian Plumbing (VIC) has announced results for its half year ended 31st March with founder and CEO Mark Radcliffe emphasising “relentless focus on investing in quality and innovation has resulted in revenue growing 39% on a two-year basis”. Having only though listed in June last year, what about on a one year basis and what’s the financial impact of its “investing”?...

B90
B90

B90 Holdings – subscription “for marketing activities and working capital”?...

Online sportsbook, casino and gaming marketing company B90 Holdings (B90) “is pleased to announce that it has raised £731,000 (before expenses)… at a price of 5.75 pence per share”. How ‘pleasing’ is this?...

KMK
KMK

Kromek – is “foreseeable future” this time longer than three and a half months?...

Previously writing on group now describing itself as “a leading developer of radiation and bio-detection technology solutions for the advanced imaging and CBRN detection segments” Kromek (KMK), in July with the shares down towards 15p I reviewed “well-placed to capitalise on the substantial opportunities”, concluding still a sell. It today provides an update, with its year ended 30th April.

Seraphine – further lack of investor confidence could be significant...

Previously writing on maternity and nursing wear group Seraphine (BUMP), earlier this month with the shares down towards 30p I remained bearish. The shares last closed at just above 29p but why are they currently a further approaching 7% lower just today?...

IKA
IKA

Ilika – were “trading update” developments not known as recently as a week ago?...

A week ago solid-state battery technology company Ilika (IKA) made a “Goliath Scale-up Update” announcement, emphasising “Scale-up plans validated - highlighting cost-saving benefits at higher volume production levels”. That helped the shares remain above 100p and they last closed at 95p before today a trading update...

Directa Plus – 2021 results, how “comfortable” with forecasts?...

Producer and supplier of graphene nanoplatelets-based products Directa Plus (DCTA) has announced 2021 results emphasising “revenue and profitability which have exceeded consensus market expectations” and “a number of exciting opportunities in our targeted markets”. So what of a current 121.5p share price?...

Seraphine – having listed less than a year ago, is ANOTHER profit warning really ‘demonstrating strong business model fundamentals’!?

Previously writing on maternity and nursing wear group Seraphine (BUMP), in February with the shares down towards 70p I noted having listed little more than 7 months ago… a lack-of-profits warning AGAIN! concluding that the deteriorating balance sheet and track record since listing meant it remains Bargepole. Now a “Year End Trading Update”...

GRC
GRC

GRC International – ‘strong momentum and cash generation’… or not?

Cyber-defence group GRC International (GRC) has announced a trading update including year-ended 31st March 2022 “billings up 21% to £14.8m… Q4 billings up 25% to £4.5m… EBITDA of at least £0.8m… year-end cash £2.0m (2021: £0.2m)” and “strong momentum in Q4 and cash generation have continued into the start of the new financial year”. So what of a share price up to 29p?...

INS
INS

Instem – argues new project “highlights the strength of our product suite”, what about the recent profit warning?

Life sciences market IT provider Instem (INS) has announced grant funding for involvement in a research project, emphasising it “highlights the strength of our product suite, which supports the continued global demand for reliable alternatives to traditional testing methods - with industry and regulators alike increasingly recognizing the huge benefits of computational toxicology approaches”...

LoopUp – “Telefónica Win and Momentum Update”, but a 90% share price rise?!...

LoopUp Group (LOOP) has announced “a deal with Telefónica for its Hybrid Auditorium and Events technology” and Cloud Telephony progress towards securing “50 additional contract wins in FY2022”. Though what of a current share price response up 91% to 13.375p?...

INS
INS

Instem – profit warning, how much recovery ahead?

Life sciences market IT provider Instem (INS) has announced 2021 results emphasising “the combination of increasing demand for regulatory-backed solutions and a growing demand for artificial intelligence and in silico solutions in the drug R&D process underpins our confidence in further leveraging our software and service portfolio”. So what of a current share price response to below 700p, down more than 12%?!

Mind Gym – argues “robust performance”, but what about this year?...

Behavioural science-based business improvement company Mind Gym (MIND) has issued a trading update including “revenue is expected to be £47.9m, up 25 per cent on FY21 (in constant currency) and up 5 per cent on pre-Covid levels… adjusted PBT for the year is expected to be in line with board expectations”. So what of a 130p share price, down from over 190p as recently as October?...

ITX
ITX

Itaconix – “New Funding to Support EU Volumes”… or is it?...

“New Funding to Support EU Volumes”-titled announcement from Itaconix (ITX), with it “pleased to announce a… subscription with existing institutional shareholder IP Group entities and management”. So what’s the detail and its implications?...

ProCook – “pleased” with its revenue growth… but what about the outlook?

November IPO at 145p per share, direct-to-consumer specialist kitchenware group ProCook (PROC) has announced Q4 trading results for the 12 weeks ended 3rd April and for its full year. So what of the shares currently at 127p?...

DPP
DPP

DP Poland – argues sales ‘delight’, but what about the bottom-line?...

DP Poland (DPP) has stated in a trading update that it is “delighted to see the strong sales performance in Q1 2022, with LFL System Sales up 21% over 2021, benefitting from a strong management focus towards increased order volumes in our stores. At the end of March 2022, Poland lifted the majority of COVID-19 restrictions and we have seen a further acceleration in sales growth, with LFL System Sales up 29% in March”. So what of a current share price response slightly lower to 7.75p?...

OSI
OSI

Osirium Technologies – “pleased to report” 2021 results announcement, what about again soon-needed ‘capital raise’?

Previously writing on cybersecurity and IT automation software company Osirium Technologies (OSI), earlier this month I noted a “delighted” with performance trading update was ramptastic. Now a results announcement… and the shares currently more than 16.5% lower to 12.5p in response…

ITX
ITX

Itaconix – “pleased to update the market on current trading”. Hmmm...

Describing itself as “a leading innovator in plant-based specialty polymers used as essential ingredients in everyday consumer products”, Itaconix (ITX) states that it “is pleased to update the market on current trading”. So what of the detail and a currently slightly higher to 5p share price?...

HeiQ – full-year trading update, still a sell?

Materials and textiles technologies company HeiQ plc (HEIQ) has issued a trading update noting “particularly strong sales growth in the fourth quarter of the financial year” and that it “continues to see strong demand for its products and anticipates revenue growth of approximately 20% for its 2022 financial year. Whilst there remains significant uncertainty in markets globally, the board is confident that HeiQ's margins will improve during FY22”. So what of a current share price response up just over 5% to 80p?...

MTC
MTC

Mothercare – “ahead of analysts’ expectations”, so why the share price fall?...

Products for parents and young children franchising company Mothercare (MTC) has announced an update for its year ended 26th March 2022 including “adjusted EBITDA of £11.5 to £12 million for FY22, ahead of analysts’ expectations” and “encouraging initial feedback from recent focus on product quality and design”. So why have the shares currently responded approaching 8% lower to 10p?...

CyanConnode – “New contract, fundraising and Indian developments”… or not?...

“New contract, fundraising and Indian developments”-titled announcement from CyanConnode (CYAN) has currently helped the shares up nearly 15% today to 19.25p. So material news?

Bonhill – trading update, fundraise for working capital or to avert cash crunch ahoy?...

Previously writing on B2B media group Bonhill (BONH), in July with the shares falling below 13p I concluded that, with much near-term recovery needed to meet forecasts, only on my watchlist. Today a “Directorate changes, Fundraising & Trading Update” announcement – and the shares currently further lower to 5.5p.

OSI
OSI

Osirium Technologies – “delighted” with performance. Ramptastic?...

Cybersecurity and IT automation software company Osirium Technologies (OSI) has announced “a record quarter for bookings in Q1”, including “a return to pre-pandemic contract values”. Though what of a current approaching 70% share price rise in response to more than 10p?…

Directa Plus – emphasised ‘vital step’ helps share price rise, but is it justified?...

Shares in company which describes itself as “a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets” Directa Plus (DCTA) are currently further higher today to 123p on the back of a “US EPA Authorises Grafysorber for Use in US”-titled announcement. What does this latest here mean?…

Mirriad Advertising – “In-content advertising increases reach” announcement sparks shares, but again ramptastic?...

Describing itself as a “leading in-content advertising company” Mirriad Advertising (MIRI) has made a “In-content advertising increases reach”-titled announcement and the shares have currently responded more than 27% higher to 22p. So what’s the news?…

XSG
XSG

Xeros Technology – further commercialisation delay, and what about funding?...

Previously writing on group which describes itself as a “licensor of proprietary solutions improving the sustainability and economics of the world’s clothing and fabrics” Xeros Technology (XSG), in January with the shares lower towards 100p I concluded its “pleased to report… progress” instead still looked to demonstrate a former Woodford dog and jam tomorrow. The shares last closed at 88.5p… and are currently significantly further lower on the back of a trading update announcement…

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?…

OSI
OSI

Osirium Technologies – contract win, why might the company be ramptastic in the near-term?...

Cybersecurity and IT automation company Osirium Technologies (OSI) has announced “Contract win for Privileged Process Automation”, emphasising this is its “largest PPA deal to date”. What though of a share price rise of more than 14% to 9p, a £4.1 million market cap, in response?…

McColl's – CEO 'steps down' as it discusses with “stakeholders”, rather than ‘shareholders’...

An end-February update from McColl’s Retail Group (MCLS) included that it “expects FY22 adjusted EBITDA to be slightly behind current market expectations, and net debt in the region of £100m at the end of FY22”. Now a “Directorate Change”

Insig AI – “pleased to announce” New Funds division & operations update, so why the share price fall?...

Insig AI (INSG) states that it “is pleased to announce the launch of a New Funds division and provide a wider operations update”. So why are the shares currently at 23.5p, more than 9.5% lower?…

SEEEN plc – board changes “to build on the company's momentum”, Er...

Previously writing on “video optimisation platform company” SEEEN plc (SEEN), in August with the shares down to 44p I concluded cautiously with that there looked much potential already discounted by the valuation. What now after it “pleased to announce a repositioning of roles for executive members of SEEEN’s board and other proposed appointments to build on the company’s momentum with respect to customer wins and its recent strategic partnership with Kinetiq, Inc.”, but the shares further down… to 16.5p!?…

Gfinity – announces its fundraising, “for working capital purposes”. Er...

Self-described “a world leading esports solutions provider”, Gfinity (GFIN) has announced “it has conditionally raised £2.70 million… at a price of 1.25 pence per share. In addition, for every new ordinary share, subscribers in the fundraising will be issued with one warrant to subscribe for one ordinary share at the issue price. The fundraising proceeds will be used for working capital purposes… The issue price represents a discount of 2.3 per cent. to the previous day closing share price of 1.28 pence per share”. Hmmm – a “world leading esports solutions provider” requiring £2.7 million?…

Jaywing – CFO “now stepped down”, why’s that?...

Previously writing on data science-specialising marketing and consulting company Jaywing (JWNG), in August with the shares at 12.75p I questioned how ‘pleasing’ “an increase in underlying earnings” and continued to avoid. What now with the shares at 9.75p and following a “Directorate Change” announcement today?…

Gfinity – argues is to fundraise to maintain “growth strategy”… well I guess still being able to trade is required to maintain the strategy!

Describing itself as “a world-leading video game media and technology business”, Gfinity (GFIN) has announced an “Update on first half performance” including emphasising “strong progress made during H1 in the areas of greatest strategic value”. So why currently a share price of 1.225p, down 49%?!…

dotDigital – interims, ‘below expectations’ certainly not enough for the valuation...

Previously writing on marketing automation and customer engagement software group dotDigital (DOTD), only in January with the shares down to 160p I concluded there was still a premium valuation and that the latest share price response suggested an exceptional performance needed to maintain the share price, sell/avoid. The shares last closed at 149p and on the back of half-year results are currently… below 80p!

OSI
OSI

Osirium Technologies – “new business wins”… but still at what price will the next attempted funding bailout have to be?

After a recent equity raise, cybersecurity company Osirium Technologies (OSI) now “is pleased to announce continued new business wins”. So what of a current share price rise to 5.5p?…

essensys – “resilient performance underpinned by customer demand”. Really?...

Previously writing on essensys plc (ESYS), which describes itself as a “leading global provider of mission critical software-as-a-service platforms and on-demand cloud services to the flexible workspace industry”in July with the shares at 300p I concluded the future improvement needed to justify the valuation meant the stance was avoid / sell. Today a half-year trading update and the shares, having last closed at 245p, currently below 130p!

QTX
QTX

Quartix Technologies – “pleased to announce” results, but should it be?...

Previously writing on vehicle telematics company Quartix Technologies (QTX), in October with the shares at 450p I concluded that the cash flow and growth of the recurring revenue of the fleet subscription base saw me retain scepticism of the valuation. So what now following 2021 results emphasising “Strong fleet subscription base growth in all regions and planned acceleration of growth” and with the shares at 385p?…

Mirriad Advertising – emphasises “strategically important” North America progress, but ramptastic?...

Previously writing on company describing itself as a “leading in-content advertising company” Mirriad Advertising (MIRI), last month I noted a further share price fall towards 20p. The shares last closed at 17.25p – and what of now a “Strong US campaigns and new partnership in Canada” announcement?…

Tristel – I having previously questioned how ‘confident for strong growth’, shares fall further on interims...

Previously writing on ‘infection prevention products’ company Tristel (TSTL), in October with the shares down to around 500p I concluded that still the valuation suggested entry into the US at a vast value indeed is needed and to avoid / sell. With the shares having last closed at 417.5p, what of today-announced half year results?…

CKT
CKT

Checkit plc – argues “significant opportunities”, but how many are already in the price?...

Provider of business technology jargon(oops) an “intelligent operations platform for the deskless worker”, Checkit plc (CKT) has announced a trading update including “the group delivered bookings growth of 95%… Cash at 31 January 2022 was £24.2m (31 January 2021: £11.5m)… The board remains confident in the significant opportunities presented by the growing deskless worker industry”. So what of a share price of 46p, down from 66p reached last year?…

ITX
ITX

Itaconix – 2021 results date to ‘avoid peak period’… or to enable a bailout equity raise attempt before it?

Shares in company describing itself as “a leader in plant-based specialty polymers used as essential ingredients in everyday consumer products” Itaconix (ITX) are currently more than 18% higher on the day to 5.85p, so what’s the news?…

RAI
RAI

RA International – ‘stalled order book momentum’. Er, isn’t it somewhat worse than that?...

Remote site services group RA International (RAI) has announced full-year revenue “in line with management expectations” and that “the underlying business has remained profitable through this disruption and our solid balance sheet supports our forward looking requirements”. So what of a current share price response to 29p, more than 23% lower?…

LoopUp – hopefully again our warning was heeded as it’s now a cash-burning and hopeful “strategic transition”...

LoopUp (LOOP) commences a trading statement with that it “expects both revenue and EBITDA for year ended 31 December 2021 to be broadly in line with market expectations” and adds “gross cash of £5.5 million”. So why currently a 10p share price, below £10 million market cap, more than 23% lower?…

MySale Group – hopefully our warning was heeded as it’s now having to consider ‘financing options’…

Fashion, beauty and homewares online retailing group MySale (MYSL) commences a trading update with that half-year “Gross Merchandise Value increased 36% to A$86.7m, reflecting progress in scaling the group’s off-price marketplace platform”. So why a current share price of 2.5p, down more than 24%?…

OSI
OSI

Osirium Technologies – hopefully warnings here heeded as shares crash on bailout funding

Osirium Technologies (OSI), describing itself as “a leading vendor of cloud-based cybersecurity software, is pleased to announce that it has conditionally raised £1 million before expenses”… Sounds ok for it, especially as I previously concluded in November that, with forecast losses and the balance sheet position, avoid / sell. What’s the detail though?…

ITX
ITX

Itaconix – “trial for Sustainable Superabsorbent”. Ramptastic!

Self-described “leading innovator in plant-based specialty polymers used as essential ingredients in everyday consumer products”, Itaconix (ITX“is pleased to announce that it has supplied product for the first production trial using the company’s plant-based superabsorbent, VELAFRESH SAP80”. But what of a share price currently up by more than 20% to 3.65p in response?…

NFX
NFX

Nuformix – “pleased to announce” a service contract, but why?...

Nuformix (NFX“is pleased to announce that following the company’s signing of an exclusive global licensing agreement with Oxilio Ltd for NXP001 on 13 September 2021, Oxilio has progressed the product and signed a significant service contract”. What though of a 29% share price rise in response, to 1.3p here?…

Eleco – “Directorate Change”, from “invaluable” appointment to “immediate effect” stepping down from the board in less than a year...

Eleco (ELCO“announces that Robert Tearle is stepping down from the board as a Director of Eleco plc with immediate effect”. A red flag?…

PREMIUM CONTENT

Virgin Wines – profit warning & as Chris Bailey warned, a lot was factored in. ANOTHER AIM IPO roll-call of shame...

Online wine retailer Virgin Wines UK (VINO) has made a trading update including noting “customers acquired during the Covid lockdown period continue to perform strongly. We were delighted to ship more than 7 million bottles of wine during the period and to deliver sizeable growth in our customer base with strong levels of customer conversion and retention… net cash balance of £13.6m at 31 December 2021”. So then why a current share price of 155p, down 22.5%!?

Subscribe to ShareProphets to access Premium Content
CMH
CMH
PREMIUM CONTENT

Chamberlin – placing it states it “is pleased to announce”, is it taking the piss?!

Foundry and engineering company Chamberlin (CMH“is pleased to announce that it has conditionally raised £1.8 million… at a placing price of 5 pence per share with institutional and other investors”… and the shares have currently responded down by more than 27%. So what’s going on?…

Subscribe to ShareProphets to access Premium Content

Cordel Group – interims, “positive progress with contract wins and exciting partnerships”? Er...

Previously writing on transport data technology group when it was Maestrano, in October with the shares down to 13.5p I concluded there looked to still be much ‘growth trend’ work to do to justify the valuation and meanwhile there was also cash burn concern and I continued to avoid. The now Cordel Group (CRDL) has now announced results for its half-year ended 31st December 2021 including that “we have delivered positive progress with contract wins and exciting partnerships”. So why are the shares a further more than 10% lower to below 9p?…

STU
STU

Studio Retail Group – “trading statement”; profit is a matter of opinion, cash is reality...

‘Digital value retailer’ Studio Retail Group (STU) commences a trading statement with “Improved performance on Black Friday and in Christmas period”. The shares are currently at 97p in response to the announcement, 39% lower! So what’s going on?…

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?…

XSG
XSG

Xeros Technology – states “pleased to report on the progress”… but it’s “delays in commercialisation”!

Previously writing on “licensor of proprietary solutions improving the sustainability and economics of garments and fabrics” Xeros Technology (XSG), in September with the shares down to 185.5p I concluded the current record here doesn’t encourage. Still for me, a former Woodford dog and jam tomorrow avoid / sell. Today the group “is pleased to report on the progress which has been made by the group’s partners and licensees”, so why are the shares further lower towards 100p?…

dotDigital – “in line with market expectations”… but is that enough for the valuation?...

Marketing automation and customer engagement software group dotDigital (DOTD“is pleased to report that it expects to report a first half performance in line with market expectations for the full year… demonstrate a growing interest in our core offering and continued execution of the growth strategy in a structurally growing market”. So why a share price response to 160p, 10% lower?…

ITX
ITX

Itaconix – “in line with market expectations”… but they’re not good & smell that cash burn!

Previously writing on self-described “leading innovator in plant-based specialty polymers used as essential ingredients in everyday consumer products” Itaconix (ITX), last month as the shares rose to 6.25p I questioned new major application order from a leading European supplier, or not?, concluding caveat emptor, avoid / sell. The company now states that it “is pleased to update the market on trading for the full year to 31 December 2021”, so what of a further share price fall currently to 4.2p?…

Mirriad Advertising – further cash burn, “a number of operational KPIs” to attempt to distract?

Describing itself as “leading in-content advertising company” Mirriad Advertising (MIRI) has made a trading update and KPIs announcement headlined “Accelerating customer adoption and traction in the key US Market”. Why then currently a further share price fall towards 20p in response?…

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?…

ACC
ACC

Access Intelligence – lack of profit but still warning. Acquisition “transformative” currently not in a good way!

Marketing and communications data technology company Access Intelligence (ACC) has made a trading update headlined “Year to 30 November 2021: a transformative year”. That sounds positive… but the current share price response is to 116.5p, more than 23.5% lower! So what’s the story?…

Card Factory – ‘ahead of expectations for FY22’… but what were they, that year is about to end for it and what about next year?...

A trading statement announcement from greeting cards and complementary products retailer Card Factory (CARD) is headlined “Trading ahead of Board expectations for FY22”. So why have the shares currently responded to around 54p, 15% down?…

CyanConnode – “solid progress” or continuing cash burn? (And what about the borrowings?!)

CyanConnode (CYAN), which describes itself as “a world leader in Narrowband Radio Frequency Smart Mesh Networks”, states that it “is pleased to provide a trading update for the nine-month period ended 31 December 2021”. What then is it which sees the shares currently 3.5% lower below 21p?…

Deltex Medical – argues “a key opportunity”… but how’s the balance sheet now?

Haemodynamic monitoring technologies group Deltex Medical (DEMG) has made a “Pre-close statement”, noting that despite pandemic disruptions for the whole of the year this time, “revenues for the year ended 31 December 2021 were £2.3 million (2020: £2.4 million)” and belief that the backlog in elective surgery “represents a key opportunity for Deltex Medical as the group’s TrueVue Doppler technology can be used to help minimise patient length of stay (and associated costs) following elective surgery and hence increase capacity for hospitals”. With also a ‘next generation’ TrueVue monitor due for release later this year, why a current share price fall to 1.25p?…

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?…

ITX
ITX

Itaconix – new major application order from a leading European supplier, or not?...

Itaconix (ITX) states it “is pleased to announce the first customer order in a new potentially major application for its Itaconix DSP 2K polymer”. So what of a currently approaching 6% share price rise, to 6.25p?…

CNS
CNS

Corero Network Security – emphasises “significantly ahead of market expectations”, but what does it actually mean?...

“pre-close update” from self-styled “a leading provider of real-time, high-performance, automatic Distributed Denial of Service cyber defense solutions” Corero Network Security (CNS) includes EBITDA to be significantly ahead of market expectations for the year”… and the shares have currently responded more than 16% higher to above 13p. Is that justifiable?…

ITX
ITX

Itaconix – positive production from a leading innovator… or delivery delays from another Neil Woodford pick dog?...

Describing itself as “a leading innovator in plant-based specialty polymers used as essential ingredients in everyday consumer products”, Itaconix (ITX) has announced that “successful” interim measures have enabled it to have “met and expects to continue to meet all customer orders” after water damage for which it has filed an insurance claim for property damage and operational costs incurred. What though of a current more than 33% higher share price response?…

DeepMatter Group – “Business Update and Financing”. We did warn...

Previously writing on ‘digital chemistry data’ group DeepMatter (DMTR), in September with the shares at 1.35p I concluded that ‘I suggest it doesn’t have adequate resources and funding arrangements ‘choice’ for long and still currently bargepole/sell’. The shares last closed at 1.05p… and now a “Business Update and Financing”-titled announcement and the shares currently below 0.70p!

MCB
MCB

McBride – expects further increased loss, how confident can it really be ahead?...

Previously writing on cleaning and hygiene products private label and contract manufacturer McBride (MCB), in October with the shares falling further below 70p I questioned how confident can it really be for the indicated second half? Now a further trading update…

NFX
NFX

Nuformix – “delighted by the confidence shown by Lanstead”. Er...

“Subscription to raise £1.65 million”-titled announcement from pharmaceutical company Nuformix (NFX), with its Chairman Dr Alastair Riddell emphasising “delighted by the confidence shown by Lanstead in the future prospects of the company’s products… products address large market opportunities. Importantly, this enables us to hire experienced business development expertise to build on our licensing opportunities for these products to pharmaceutical companies”. So why are the shares currently, at 1.20p, more than 14% lower?…

ACT
ACT

Actual Experience – “year end trading update”. It mean likely revenue-decimating contract loss?...

Previously writing on experience of digital services analytics company Actual Experience (ACT), in January with the shares at 118.5p I questioned placing “to capitalise on the current market opportunity”… or to avert liquidity crunch ahoy?. Today it commences a year-end trading update with that its “first full year operating our professional services ‘land and expand’ model has seen good progress, faster customer engagement and quicker software deployment”… so why a current 29% share price fall to 40p?!…

IXI
IXI

IXICO – full-year results, ‘resilience built in’?

Biopharmaceutical data analytics company IXICO (IXI) has announced results for its year ended 30th September 2021 and the shares are currently more than 16% higher to 58.5p. However that compares to circa 84.5p when I previously wrote in October, so what’s the story now?…

MBT
MBT

Mobile Tornado – Canada customer contract update, how likely really is extension or amendment?

Self-styled “leading provider of instant communication mobile solutions to the enterprise market” Mobile Tornado Group (MBT) has announced it has received notice from its customer in Canada that the customer will not be renewing its contract but it “remains in discussions with the customer about the possibility of extending or amending the contract”. So what of a current response, to below a 2p share price, £7.5 million market cap, 20% lower?…

Directa Plus – ‘news’ helps share price rise, but is it justified?...

Having commenced November at a 136p share price, two subsequent announcements have helped shares in Directa Plus (DCTA) up to a current 160p. So what’s this latest news from this ‘graphene nanoplatelets-based products’ company?…

4imprint – argues “further encouraging progress”. Really?...

Promotional products group 4imprint (FOUR) has made a trading update emphasising “further encouraging progress… in the second half of the year to the end of October, weekly order totals have averaged 2% above 2019 levels”. So why are the shares currently slightly lower at around 3000p?…

DPP
DPP

DP Poland – placing for “further expansion and market penetration”. Really?...

Operator in Poland of pizza stores and restaurants and of the Domino’s Pizza franchise, DP Poland (DPP) has announced a £3 million placing it emphasises at a premium at 8p per share and with “it requires additional capital investment to implement its growth plan for further expansion and market penetration”. So what of a current 7.75p share price?…

MCB
MCB

McBride – further inflation ahead of expectations… with those expectations only announced last month!

Previously writing on cleaning and hygiene products private label and contract manufacturer McBride (MCB), in August with the shares falling below 80p I wrote price increases “challenges” & more. Hopefully our warnings were heeded, concluding there now seems set to be a first half loss and, with the previously noted clear challenges being added to, I question how much confidence there can really be in the suggested second half recovery. Hopefully prior warnings here were heeded and at this juncture still avoid / sell. The shares last closed at 69.4p and are now further lower on the back of an AGM Trading Update”…

Tristel – full-year results, how ‘confident for strong growth’?...

Previously writing on ‘infection prevention products’ company Tristel (TSTL), in July with the shares at 620p I reviewed why they were down in response to ‘confident for strong growth’ update. Today full-year results, and the shares are further down.

QTX
QTX

Quartix Technologies – “pleased to report… in line”, but is that sufficient for the valuation?

Vehicle tracking technologies company Quartix (QTX“is pleased to confirm” that Richard Lilwall has commenced as CEO, with retiring founder CEO Andy Walters remaining on the board as a non-executive and that “the annualised recurring revenue of the fleet subscription base was £23.5m on 1 October, representing a gain, in constant currency terms, of £1.5m since the start of the year”. What though of the shares, down from around 490p when I previously wrote on the company to currently 450p?…

Thruvision – argues “pleased” with first half trading update, but what about the balance sheet?...

Previously writing on self-styled “leading provider of ‘safe distance’ people-screening technology to the international security market” Thruvision (THRU), in April with the shares at 22.4p I concluded whilst there should still be business suitability to the operating environment, with financial performance still to prove, I continue to avoid. Today the group “is pleased to provide an update on trading for the six months ended 30 September 2021” but the shares are again lower towards 20p, so what’s going on?…

NET
NET

Netcall – results emphasising “growth opportunities”, but are they to be sufficient?...

Year ended 30th June 2021 results from automation and customer engagement software company Netcall (NET) emphasise “growing cloud business is delivering enhanced profitability and revenue visibility which, combined with our product innovation, produces new growth opportunities”. The shares though closed last month at 88p, yesterday at 85.5p and are currently heading towards 80p. What’s the value situation?…

GHH
GHH

Gooch & Housego – “slightly ahead of expectations”…but what does that mean?...

Photonic components and systems manufacturer Gooch & Housego (GHH) has announced “profits are expected to be slightly ahead of management’s previous expectations”. The trading update has helped the shares slightly higher to 1285p…but is still meaningfully down from over 1500p reached in July justified?…

OSI
OSI

Osirium Technologies – interims, “good progress against our stated strategy”. Really?...

Osirium Technologies (OSI) has announced results for the first half of 2021, emphasising “good progress against our stated strategy… we are encouraged by the continued trading momentum as we enter the second half”. The shares have responded currently to 21.5p, 14% lower and a £6.3 million market cap, so what’s going on?…

ITX
ITX

Itaconix – interims, “a leading innovator” or still another Neil Woodford pick dog?...

Itaconix (ITX“is pleased to announce its unaudited interim results for the six months ended 30 June 2021”. The shares have responded currently approaching 7% lower to 8.3p. So “a leading innovator in plant-based specialty polymers” or still another Woodford pick dog?…

XSG
XSG

Xeros Technology – interims, “significant milestones with a number of market launches taking place”? Er...

Previously writing on Xeros Technology Group (XSG), in July with the shares higher to 232.5p I concluded at that juncture still a jam tomorrow avoid / sell. The shares last closed at 200p and the group has today announced results for the first half of 2021, emphasising “significant milestones with a number of market launches taking place”. So why are the shares currently at 185.5p?…

Mirriad Advertising – interims note “advertising spending is now coming back”. Good news then… No!?

Previously writing on Mirriad Advertising (MIRI), in July despite the shares slumping to 34p I concluded the valuation looked to remain plain daft; strong bargepole / sell. The company has today announced results for the first half of 2021 headlined “New deals, significant inventory and record US commercial activity drive adoption”. Having last closed at 32.5p, the shares are now below 30p – so what’s the story?…

DeepMatter Group – interims, argues “adequate resources” but for how long?...

Previously writing on “international digital chemistry data company” DeepMatter (DMTR), in June as the shares fell below 2p I concluded the revenue and jam tomorrow outlook looked insufficient for the valuation. Today half-year results so, with the shares currently further lower to 1.35p, what now?…

INX
INX

i-nexus Global – convertible loan notes to aid “working capital”. Er...

I-nexus Global (INX) has announced a proposal to raise up to £0.65 million (before expenses) via convertible loan notes, with this “to allow the emerging sales and pipeline momentum to be reflected within operating results and cashflow and will be applied entirely towards meeting the Company’s ongoing working capital requirements”. Is that so?…

Ten Lifestyle Group – trading update, is it ‘well positioned’ for anticipated travel & leisure pick up?

Ten Lifestyle Group (TENG“is pleased to announce a trading update ahead of its preliminary results for the year ended 31 August 2021”, with the announcement including that recent activity across many of its core service categories and supplier revenue has recovered to levels above the same period in 2019. The shares are though slightly down to 105p, and comparing to end-2019 134p, so is there value?…

MCB
MCB

McBride – price increases “challenges” & more. Hopefully our warnings were heeded...

Previously writing on cleaning and hygiene products private label and contract manufacturer McBride (MCB), last month with the shares around 90p I concluded it “continues to discuss margin recovery actions with our customers”. With these major retailers and brand owners, good luck with that! I look forward to more detail with 7th September-scheduled results for the company’s year ended 30th June 2021, but the noted clear challenges see me presently continue to avoid. Today a further “trading update”…

McColl's – confirms “a potential capital raise”, well positioned?

Having commenced 2021 at just over 26p, shares in UK neighbourhood retailer with over 1,200 stores McColl’s (MCLS) previously closed at 35p. However, they’re currently back below 30p following a “Response to media reporting”-titled announcement.

CPX
CPX

CAP-XX – ‘pleased to announce successful shares sale’. That’s c(r)ap-xx!

Self-styled “a world leader in the design and manufacture of supercapacitors and energy management systems” CAP-XX (CPX) has announced a “significantly oversubscribed” bookbuild and “is pleased to announce the successful sale of 10,498,700 Sale Shares”. How pleasing is it?…

ESC
ESC
PREMIUM CONTENT

Escape Hunt – John currently getting away with this ‘growth’ Story… but for how long?

Tom Winnifrith has this morning described why Non-Executive Director of Escape Hunt (ESCJohn Story is not fit to be a plc director and you have to ask what will Story sell to pay his next margin call? He has 10,447,599 Escape Hunt shares and this ‘escape-the-room experiences’ company has today made a trading update, with its shares currently up 10% to 38.5p in response. But for how long?…

Subscribe to ShareProphets to access Premium Content

Mirriad Advertising – trading update. Valuation bonkers?, You bet!...

Self-styled “leading in-content advertising company” Mirriad Advertising (MIRI) has made a half-year trading update including “we are effectively delivering our twin-track strategy by developing a robust global supply and demand pipeline to drive global adoption, while simultaneously moving the platform towards full integration with the media buying and ad delivery ecosystem… Total revenue increased by 27%… Closing cash at the end of June 2021 of £29.8m (June 2020: £14.4m)”. So why are the shares currently 34p, more than 19% lower in response?…

SO4
SO4
PREMIUM CONTENT

Salt Lake Potash – 7 weeks after “funds from placement and final debt drawdown”… further project funding now urgently required!

Last month Salt Lake Potash (SO4) was “pleased to announce that following receipt of funds from Tranche 1 of its recent A$28m placement… SO4 has drawn down the final US$33m tranche of its US$138m Senior Debt Facility” and on 1st July “that process plant Practical Completion… has been achieved at its Lake Way asset in Wiluna, Western Australia. Plant commissioning continues with first SOP product expected in the weeks ahead”. Today a further update and the shares currently more than halved to below 8p in response!

Subscribe to ShareProphets to access Premium Content
ITX
ITX

Itaconix – “pleased to report that growth in demand…has continued”. Er...

Previously writing on Woodford dog (oops, sorry) “a leading innovator in sustainable plant-based polymers used as essential ingredients in everyday consumer products”(!) Itaconix (ITX), I noted a “pleased to provide… update on its commercial progress and current trading” last month. Today a further “trading statement” – and the shares currently towards 8p, 25% lower in response!…

EYE
EYE

Eagle Eye Solutions – CEO share purchase, but reassuring?

An early this week trading update from marketing technology group Eagle Eye Solutions (EYE) saw the shares closing at 540p. They have since retreated though and today a PDMR Shareholding” announcement. Confidence restored?…

Tristel – why are the shares down in response to ‘confident for strong growth’ update?...

‘Infection prevention products’ company Tristel (TSTL) has announced positive performance against expectations and confidence “for strong growth in the years ahead”. Why then are the shares, at 620p, currently more than 6% lower?…

EYE
EYE

Eagle Eye Solutions – argues “good financial performance… Strong cash performance”. Er...

Self-styled “a leading SaaS technology company that creates digital connections enabling personalised, real-time marketing through coupons, loyalty, apps, subscriptions and gift services”, Eagle Eye Solutions (EYE) has made a trading update emphasising “a good financial performance… Strong cash performance, ahead of market expectations… With a growing customer base and record sales pipeline the board looks to the future with increased confidence”. What does it all mean financially though?…

FGP
FGP
PREMIUM CONTENT

More challenges at FirstGroup - an abuse cover up?

You my recall that I sold my holding in the bus and rail company FirstGroup (FGP) about three months ago after it had announced that it was selling its US business at a decent – but not too exciting – price. It was certainly time to book a small profit and move on. A month or so later I was observing that a UK National Rail Contracts agreement may have also helped keep its day-to-day bus and rail business going, but its ability to make reasonable continuing profits over the next few years was pretty limited. Clearly that all continues as whilst it may be the so-called ‘Freedom Day’, life is a little bit different.

Subscribe to ShareProphets to access Premium Content

Starcom – AGM update, really looking forward to providing further financial detail?...

Remote tracking technology company Starcom (STAR) has made an AGM statement including “we have started to see increased activity from some customers and an uptick in our pipeline… our recurring SaaS revenues have continued at a good level”. Why then are the shares, currently at 0.825p, 17.5% down in response?…

KMK
KMK

Kromek – “well-placed to capitalise on the substantial opportunities”. Really?...

Kromek Group (KMK) has announced “new contracts and repeat orders across all of its target segments as commercial momentum continues to increase across the business”. Why then are the shares, heading towards 15p, currently more than 6% lower in response?…

essensys – fundraise ‘to accelerate growth strategy and product development’. Good news?

Self-styled “leading global provider of mission critical software-as-a-service platforms and on-demand cloud services to the flexible workspace industry” essensys (ESYS“is pleased to announce… an aggregate of 10,984,552 primary placing shares have been successfully placed by Singer Capital Markets Securities Limited and Berenberg at an offer price of 285 pence per placing share to raise gross proceeds for the company of approximately £31.3 million”. Good news?…

IKA
IKA

Ilika – fundraising it is “pleased to announce” understandably…but not for why it says so!

Self-styled “pioneer in solid-state battery technology” Ilika (IKA) is “pleased to announce” an up to £24.7 million equity fundraise… and the shares have currently responded to 165p, more than 17% lower. Hmmm…

QTX
QTX

Quartix Technologies – trading “good”, but the valuation?...

Previously writing on vehicle tracking technologies company Quartix (QTX), in March with the shares at 476p I questioned is the progress ‘pleasing’?. What about now, with a half-year trading update?…

XSG
XSG

Xeros Technology – how ‘delightful’ is the ‘partnership’ news?...

Xeros Technology Group (XSG) is “delighted to be partnering with two domestic washing machine manufacturers” and the shares have responded slightly higher to 232.5p. So what’s the partnerships detail and valuation?…

CDL
CDL

Cloudbreak Discovery (nee Imperial X) – latest Ramparoonie Flops as Gravity Asserts

Imperial X listed on the sub-Standard List back on June 3rd at 3p per share. The shares quickly rushed up to 5.5p but the share price chart shows a ski-slope ever since, despite a series of ramptastic announcements and a name-change to Cloudbreak Discovery (CDL). This morning we have another ramparoonie……

CDL
CDL
PREMIUM CONTENT

Sub-Standard Listed Cloudbreak Discovery (formerly Imperial X): More Ramptastic News, so why the 12% Share Price Decline?

New-boy to the London Stock Exchange’s (sub-)Standard List, Cloudbreak Discovery (CDL), which listed as Imperial X – such was the hurry to get the IPO away, has announced yet more ramptastic news. This time it is investee Imperial Helium which the company is banging the drum about, as commercial field operations have commenced. So why are the shares off by 12% at 2.85p – now below the IPO price?

Subscribe to ShareProphets to access Premium Content
B90
B90

B90 Holdings – “a much more stable financial platform to grow from”? Er...

Sportsbook, casino and gaming online marketing company B90 Holdings (B90) has announced 2020 calendar year results including “the company now has a much more stable financial platform to grow from”. So why are the shares, at 11p, currently more than 8% lower?…

ITX
ITX

Itaconix – just how soon did this Woodford dog need balance sheet improvement?

With its shares having closed on Monday at above 16p, on Tuesday morning self-styled “a leading innovator in sustainable plant-based polymers used as essential ingredients in everyday consumer products”, AIM-listed Itaconix (ITX) was “pleased to provide an update on its commercial progress and current trading”. Today it is “pleased to announce a placement” (natch!)…

ITX
ITX

Itaconix – a Woodford dog with balance sheet improvement needed indeed...

Self-styled “a leading innovator in sustainable plant-based polymers used as essential ingredients in everyday consumer products” Itaconix (ITX“is pleased to provide an update on its commercial progress and current trading”. Why then have the shares currently responded approaching 18% lower?!…

DeepMatter Group – 2020 results argue “extremely positive” opportunity. Er...

DeepMatter Group (DMTR), “the AIM-quoted company focusing on digitising chemistry, is pleased to announce its audited financial results for the year ended 31 December 2020”. The shares have currently responded to below 2p, er more than 7% lower, in response!…

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?…

Woof! Woof! Mirriad Advertising – 2020 results, “more work to be done” an understatement!

Mirriad Advertising (MIRI) Chairman John Pearson is, “despite the disrupting influence of the COVID-19 pandemic… delighted with the progress that has been made”. Why then on the back of the results statement are the shares currently, at 50.5p, more than 11% lower? Because the valuation for this cash guzzling dog is bonkers. That is why!

KMK
KMK

Kromek – argues cash “slightly ahead of market expectations”… but what does that mean?!

Detection technology group Kromek (KMK) has announced “significant sequential revenue growth in H2 over H1 2020/21 and expects to report revenue and EBITDA for the year ended 30 April 2021 in line with market expectations. The group continues to maintain tight cost control, improve collections and manage cash flow, and this conscientious management has resulted in the group’s cash position at 30 April 2021 being slightly ahead of market expectations”. Sounds good… but, with how creditable this performance is naturally dependent on the expectations, what are they?…

PREMIUM CONTENT

Tristel – post-profit warning CEO shares purchase reassuring… or not?

“trading update” announcement from infection prevention and contamination control products company Tristel (TSTL) yesterday morning saw the shares down approaching 16% at 563p as I then wrote. What then of CEO Paul Swinney having since purchased shares at 572.75p each?

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Tristel – surface disinfectant product & international growth, BUT...

A trading update from infection prevention and contamination control products company Tristel (TSTL) includes “surface disinfectant product sales have continued to gain market share and UK sales for this product range to end of third quarter were £2.3m, 47% higher than in the same period last year” and “sales of our 13 overseas subsidiaries and to our international distributor network have increased by 7% over the comparable period last year”. So why are the shares, at 563p, currently approaching 16% down?…

Subscribe to ShareProphets to access Premium Content
INX
INX

i-nexus Global – latest news reinforces fundraising and management incentive concerns...

“Statement re Share Price Movement” from i-nexus Global (INX) – and the shares currently more than 20% lower, towards 12p. Uh oh…

AO
AO
PREMIUM CONTENT

AO World – a lockdown winner… but now to be a share price loser?

Previously writing on online electricals retailer AO World (AO.), in November with the shares around 390p I concluded a lockdown winner, but the valuation much too high on what can be reasonably expected currently from here. Today a trading update… and the shares currently at 323p…

Subscribe to ShareProphets to access Premium Content
CNS
CNS

Corero Network Security – full-year results, how “encouraging” are the levels of business activity?...

Previously writing on cyber network security company Corero (CNS) I noted having warned on the balance sheet position, now “New borrowings facility”…, concluding the £68 million market capitalisation looked to demand clear evidence that the business can deliver materially profitable bottom-line performance from here. Today full-year 2020 results…

MOS
MOS
PREMIUM CONTENT

Mobile Streams – SHOCKER following recent “Major Contract win” announcement & equity raise...

From Mobile Streams (MOS) today a “partnership with, and funding to, Quanta”-titled announcement. But an earlier this month “Major Contract win for Streams data platform” announcement emphasised a “deal… worth up to £480,000 over 4 years, with a minimum £10,000 per month for at least a year”… with Quanta, and Mobile Streams swiftly followed it with a £2.2 million equity raise. Now funding to Quanta?!…

Subscribe to ShareProphets to access Premium Content
TMO
TMO

Time Out Group – interims, & it is (as warned here) material dilution ahoy again...

I noted on Time Out Group (TMO) last week a former Woodford pick with an intra-day ‘London Waterloo & funding update’. Uh oh…. Today results for its half-year ended 31st December 2020 and a proposed equity raise. Uh oh again?…

Directa Plus – patent grant, a step towards addressing a large global market?

Self-styled “a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets”, Directa Plus (DCTA) has announced it “has been granted an EU-wide patent covering the use of its G+® graphene in golf ball applications”. It emphasises this “the first step towards addressing a very large global market” and the shares have responded currently 4% higher to 106p, a £65 million market capitalisation. Is this justified?…

TMO
TMO
PREMIUM CONTENT

Time Out Group – a former Woodford pick with an intra-day ‘London Waterloo & funding update’. Uh oh...

Previously writing on former Woodford pick Time Out Group (TMO), in June with the shares around 40p I concluded that I retained prior markets visit “appealing proposition” and financial scepticism… and now a “Time Out Market London (Waterloo) & funding update”-titled announcement from the group made intra-day (10:05am). Uh oh…

Subscribe to ShareProphets to access Premium Content

Directa Plus – trading update argues “a strong pipeline of opportunities”. It looks to need them...

Self-styled “a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets” Directa Plus (DCTA) has made a trading update including noting 2020 revenue “further improvement” from previously reported expectations, Q1 2021 revenue expected to be up 20% from the same period last year and that “there is a strong pipeline of opportunities”. Why are the shares though still well down from 145p reached earlier this year?…

OSI
OSI

Osirium Technologies – “NHS Trust Customer Wins” share price rise justified?

Self-styled “a leading vendor of cybersecurity software” Osirium Technologies (OSI“is pleased to report nine new NHS trust customers since the beginning of February”. Is a current 6.5% share price rise to 24.5p on the back of the announcement justified?…

DeepMatter Group – “co-distribution agreement”, about that “established European network”...

DeepMatter Group (DMTR) has announced a “co-distribution agreement” it emphasises provides it “with the capability to cast a wider net in North America”. Is a current more than 13% share price rise to 2.5p on the back of it merited?…

KCT
KCT

Kin and Carta – interims argue “strong” balance sheet & expectations confidence, BUT...

Previously writing on digital-focused consulting, software engineering and marketing company Kin and Carta (KCT), in September I was cautious on a just over £111 million market capitalisation. That is now more than £250 million, and follows half-year results to 31st January 2021…

PREMIUM CONTENT

Photo-Me International – full-year results, pandemic ‘dramatic impact on growth drivers’?...

Previously writing on Photo-Me International (PHTM), in December with the shares at 57p I concluded the future uncertainty from the noted financial position and a current £215.5 million market capitalisation sees me retain prior scepticism. Currently, sell / avoid. The shares last closed at 55.1p and are currently further lower today on the back of results for the period to end October…

Subscribe to ShareProphets to access Premium Content

Directa Plus – argues ‘proving to customers’… but what about demand & the balance sheet?...

“Successful Absorption Evaluation Test”-titled announcement from Directa Plus (DCTA) re. its pristine graphene nanoplatelets powder through human skin, with it stated “our suite of successful in vitro tests proves to customers in the textile industry that they can safely adopt our products to create exciting new garments enhanced by our graphene products”. Exciting news?…

XSG
XSG
PREMIUM CONTENT

Xeros Technology – fundraising (again!), how ‘pleasing’ really is it from this Woodford dog?...

Xeros Technology Group (XSG“is pleased to announce… the company has conditionally raised gross proceeds of approximately £8.0 million, through the successful placing of 3,333,333 placing shares” and that it “intends to provide… up to 416,586 open offer shares”. Just how ‘pleasing’ really is this though?…

Subscribe to ShareProphets to access Premium Content
KMK
KMK

Kromek – emphasises new orders, but what do director subscription amounts say?...

“New Medical Screening and Nuclear Security orders” announcement from Kromek (KMK) and the shares currently at circa 17p. So what’s the outlook from here?…

QTX
QTX

Quartix – is the progress ‘pleasing’? And what of the value now?...

Previously writing on vehicle telematics company Quartix (QTX), in October with the shares at 340p, I noted it “pleased with the progress we have made so far in 2020” but questioned value. Today it “is pleased to announce its audited results for the year ended 31 December 2020”. So what’s the outlook now?…

GBG
GBG

GB Group – trading “stronger than anticipated”, but sustainable?

Identity data intelligence group GB (GBG) has made a trading update commencing that “trading has been stronger than anticipated”. With the shares currently up 4% in response, they potentially interesting?…

GHH
GHH

Gooch & Housego – “improved levels of demand”, but valuation & remuneration 'issues'?...

Gooch & Housego (GHH), a “photonic systems, components and instrumentation for applications in the Aerospace & Defence, Industrial, Life Sciences and Scientific Research sectors” company, has made a trading update noting “improved levels of demand” and “good progress streamlining our manufacturing sites”. So potentially interesting?…

NMCN plc – I having previously warned in December, now an intra-day “Trading Update”...

Previously writing on a further update from UK engineering and construction company NMCN plc (NMCNI concluded with the shares falling back below 250p still bargepole ahoy after previously noting a far from planned CEO ‘step down’ and a trading warning following CFO resignation and what sounded like a rush for liquidity. Now an intra-day (1:23pm) “Trading Update and Notice of Results” announcement. Why don’t I think it is going to be good?!…

Directa Plus – emphasises new supply and R&D agreements… but the balance sheet?...

Directa Plus (DCTA“is pleased to announce that the company has signed a supply agreement and a Strategic R&D Agreement with NexTech Batteries Inc., a leading company in the field of Lithium Sulphur batteries based in Nevada, US” – and the shares are currently more than 10% higher in response at 144p. So what’s the detail?…

CyanConnode – research announcement on argued “world leader”. Er...

Self-styled “a world leader in Narrowband Radio Frequency Smart Mesh Networks” CyanConnode (CYAN) has made an RNS Reach announcement that Arden has published a research note on the company. At a guess, a favourable such note then!…

DeepVerge – emphasises production progress, but what about the bottom-line & balance sheet?...

“Prod’n orders worth $5m for Modern Water Equipment”-titled announcement from self-styled “environmental and life science AI company” DeepVerge (DVRG), and the shares are currently up around 5%, at above 31p, in response. So what’s the detail?…

CloudCoCo – shares soaring on trading update justified? Er...

UK provider of IT and communications services to businesses and public sector organisations, CloudCoCo (CLCO) has made a trading update – and the shares are currently approaching 24% higher in response, to 1.425p. So what’s the detail?…

Deepverge – argues move to ‘open up additional opportunities’… so why a further share price fall?

Previously writing on Deepverge (DVRG), last month I warned as the shares moved ahead to 36p. Today the company makes an announcement CEO Gerard Brandon emphasises “opens up additional opportunities to jointly development new products and services by working with… experts adding smart AI cloud-based data analytic technologies and best-in-class engineering”. What’s the detail?…

Live Company – “immediate effect” director ‘step downs’ follow December-argued moves to be “very excited” about!

Previously writing on live events group Live Company (LVCG), in December with the shares at 5.25p I questioned its emphasised moves to be “very excited” about. The shares are currently further lower today, towards 3.5p, on a “Directorate Changes” announcement…

KMK
KMK

Kromek – “pleased to announce” equity raise for ‘growth opportunities’. Really?...

Kromek (KMK“is pleased to announce a conditional firm placing, directors’ subscription and open offer to raise up to £13.0 million before expenses”. Should shareholders be pleased though?…

ITX
ITX
PREMIUM CONTENT

Itaconix – Woodford dog “pleased to report… slightly ahead of current market expectations”, but what are those expectations?!

Shares in long-term Woodford dog, self-styled “a leading innovator in sustainable specialty polymers” Itaconix (ITX) have risen significantly so far this year and the company states it now “is pleased to update the market on a positive year of trading in which the company made substantial commercial and financial progress”. The shares have currently responded towards 5p, a comfortably above £20 million market cap, though 17% lower…

Subscribe to ShareProphets to access Premium Content
ALT
ALT

Altitude Group – states “trades profitably through COVID-19”. Er, does it?...

Previously writing on self-styled “operator of a leading marketplace for the global promotional products industry” Altitude Group (ALT), last month I noted on delayed results for its half-year ended 30th September 2020 that its emphasis of continued COVID-19 related disruption suggested what it was delaying weren’t pretty. The company today reckons it “is pleased” to announce the results…

Directa Plus – after recently argued “outstanding potential growth”, CFO resigns...

“Directorate Change”-titled announcement from self-styled “a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets” Directa Plus (DCTA) – and the shares currently at 88.5p, more than 4% lower in response. I guess the change ain’t an exciting new appointment then…

IDP
IDP

InnovaDerma – “Loan Agreement”, currently just kicking liquidity crunch down the road?

A start of this week trading statement from UK developer of beauty, personal care and life sciences products InnovaDerma (IDP) noted some “encouraging growth” and that it “will be exploring options to strengthen the balance sheet to ensure it is in a strong position to benefit from the substantial growth opportunities anticipated once restrictions begin to ease”. Today a “Loan Agreement”…

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

DeepVerge – maiden Q4 profit?, £10m in 2021?. Er, nope on both counts...

An announcement from DeepVerge (DVRG) headed DVRG confirms maiden Q4 profit;guides £10m in 2021”. With the shares currently moving ahead on the back of this to 36p, the market cap is approaching £60 million. So value? Er, nope…

IDP
IDP

InnovaDerma – argues key international markets “encouraging growth”, so why are the shares slumping?...

Previously writing on UK developer of beauty, personal care and life sciences products InnovaDerma (IDP), I concluded whilst the shares are still materially lower than the around 60p of my previous update, currently remaining cautious on the financials here, I continue to avoid. The shares headed towards 85p in the summer and last closed at 65p, but are currently heading towards 50p on the back of a trading statement. So what’s happening now?…

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
CLG
CLG

Clipper Logistics – trading update; Logistics revenue +50%, Profit?...

“Trading Update” from ‘logistics, e-fulfilment and returns management services’ company Clipper Logistics (CLG) includes “November and December, revenues in its logistics business were 50.0% higher than in the corresponding period of the prior year, with strong growth in both e-commerce related activities and non e-fulfilment services”. What does a share price currently up to 600p discount?…

PREMIUM CONTENT

WANdisco – trading update... though what does the bottom-line look like & what are the “board's expectations”?

“Trading and business update” from ‘LiveData’ technology company WANdisco (WAND) emphasises that it “expects to report preliminary revenue for FY20 of at least $10.5m” and that an “expanding new business pipeline supports board expectations for FY21”… but what are those expectations and with revenue, of course, vanity, what does the bottom-line look like?…

Subscribe to ShareProphets to access Premium Content

Microsaic Systems – statement following recent share price increase. Any sale progress?, Er...

On 22nd December Microsaic Systems (MSYS) announced that it had appointed KRE Corporate Recovery “to explore other remaining options to maximise value for creditors and potentially other stakeholders”. It was “other remaining options” as a formal sale process had failed – and the shares fell back. However, they have recently significantly recovered and now a further statement from the company has been required…

CyanConnode – shares up 15% on “Director dealing” announcement, a very significant share purchase then?

“Director dealing”-titled announcement from wireless communication technology company CyanConnode (CYAN) today – and the shares currently at 9p, more than 15% higher. A very significant share purchase from a director then?…

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%!?…

Subscribe to ShareProphets to access Premium Content

CyanConnode – “Director Dealing & Issue of Equity”, shares furthering recent gains justified?...

“Director Dealing & Issue of Equity” announcement from CyanConnode (CYAN), and the shares currently furthering recent gains – to 6.6p. So what’s the detail?…

Ironveld – a 'no one watching o’clock' day results announcement. Uh oh...

Ironveld (IRON) has today announced results for its year ended 30th June 2020, concluding “we look forward to providing further updates in the near future”. Hmmm – releasing results on largely ‘no one watching o’clock’ days such as those this week doesn’t tend to mean good news…

Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Complete Coverage

Recent Comments

|