Aurrigo International – “during the year, the group continued to strengthen its trading position”. Er, did it?!…

Most recently on company describing itself as “a leading international provider of fully autonomous vehicles, autonomy software, mobile robotics platforms and high-end, low-volume automotive technology” Aurrigo International (AURR), in September I wrote ‘is recent discounted equity raise mainly to ‘accelerate growth’?’. What about now its results for the 2025 calendar year including “during the year, the group continued to strengthen its trading position, generating revenue of £8.0m and gross profit of £3.3m. As at the year end, the group held cash and cash equivalents of £11.5m, providing a strong liquidity position” and the shares at 72.5p, a £64.8 million market cap?

Aurrigo International – interims, is recent discounted equity raise mainly to ‘accelerate growth’?…

Most recently on company describing itself as “a leading international provider of autonomous transport technology solutions” Aurrigo International (AURR), last month I noted a discounted, at 45p per share, equity raise and stated ahead of the half-year results detail, that why the fundraising now?, still avoid/sell. What of now the results to 30th June 2025, arguing “a resilient first half and look ahead with confidence”, and the shares currently at 41.5p?

Aurrigo International – “pleased to announce… result of oversubscribed placing”, but how ‘pleasing’ really?

Most recently writing on Aurrigo International (AURR) last week with the shares up to 50p I cautioned on a “trial” announcement following “new contract” announcement, noting funding and trading performance concerns. Now a discounted fundraising – quelle surprise!

Aurrigo International (#AURR) – raises £13.8m at 45p per share, also an up to £0.5m “retail offer”

Aurrigo International – a “trial” announcement following “new contract” announcement, attempted ramptastic?…

Describing itself as “a leading international provider of transport technology solutions”, Aurrigo International (AURR) has issued a “Launch of Auto-Shuttle Trial in Canada”-titled announcement, stating that it “is pleased to announce a new project… to deploy Canada’s first all-season, medium-speed autonomous shuttle trial in Kanata North Technology Park, Canada’s largest technology park”. What’s the detail, with the shares currently responding more than 5% higher to 50p?

Aurrigo International – after in February arguing “a positive year”, now expects “to fall significantly below current market expectations”!

Most recently on Aurrigo International (AURR), in February with it describing itself as “a leading international provider of transport technology solutions” and arguing “a positive year”, I wrote what about the share price slumping from 90p to below 50p then?, and concluded a still longer-term funding question and the AIM awards typical counter-indicator still avoid. The shares most recently closed at 73p, but what about them currently back down towards 50p following an “H1 FY25 Trading Update, Outlook, £1m Grant Funding” announcement?

Aurrigo International – argues “a positive year”. What about the share price slumping from 90p to below 50p then?

Describing itself as “a leading international provider of transport technology solutions”, Aurrigo International (AURR) has issued a “Full Year Trading Update” headlined “Strong growth in Autonomous revenues supports a positive year”. With a current 47.5p share price comparing to 90p at the start of 2024, how “positive” really has the year been?

Aurrigo International – “pleased to confirm” retail offer result, fooling itself or trying to fool everyone else?

AIM-listed company describing itself as “a leading international provider of transport technology solutions”, Aurrigo International (AURR) has issued a latest announcement including “in total, the placing and the WRAP retail offer have conditionally raised gross proceeds of approximately £5.3 million for the company”. How “pleased” should it be to announce this?

Aurrigo International – discounted fundraise “to increase production capacity and create the potential to bring forward commercial sale timelines”. Er, really?…

Most recently writing on company describing itself as “a leading international provider of transport technology solutions” Aurrigo International (AURR), in June with the shares down to 93.5p I concluded including I continue to question at what price a further fundraise?, and suggest that the half-year accounts will be very interesting in terms of the continuing cash burn – is that why it’s overall cash flow that dare not speak its name?. Those half-year accounts showed a loss of £1.6 million on revenue of £3.9 million and cash down to £1.8 million… and now a fundraise, stated to be “to increase production capacity and create the potential to bring forward commercial sale timelines”. Er, really though?

Aurrigo International (#AURR) – £5.25m placing at 44p per share

Aurrigo International – trading “in line with management expectations”, but what does that mean for the balance sheet?

Describing itself as “a leading international provider of smart airside solutions and automotive products”, Aurrigo International (AURR) has issued an AGM Statement commencing that it “is pleased to report continued positive trading momentum in the first half of FY24, in line with management expectations” and including that “the pipeline of opportunities and discussions continues to grow”. So what of a current 93.5p share price, down from approaching 170p last autumn?

Aurrigo International – “pleased to announce” immediate-effect appointment of new nominated adviser and broker. Hmmm, why might that be?

Describing itself as “a leading international provider of smart airside solutions and automotive products”, Aurrigo International (AURR) states that it “is pleased to announce the appointment of Canaccord Genuity Limited as Nominated Adviser and Sole Corporate Broker, with immediate effect”. Hmmm, why could that be?

Aurrigo International (#AURR) – appointment of Canaccord Genuity as nomad & broker, replacing Singer Capital Markets

Aurrigo International – “Auto-DollyTug at Munich International Airport” agreement, but how’s the cash position going?

Autonomous vehicles technology company Aurrigo International (AURR) has announced an agreement to deploy its 'Auto-DollyTug' at Munich International Airport, including stating that it is “continuing to push the boundaries of autonomous technology in diverse airport settings worldwide, unlocking new possibilities”. What of a current more than 5% higher share price towards 100p in response?

Aurrigo International – retail offer result… it doesn’t even bother to try to argue it’s ‘pleasing’!

Describing itself as “a leading international provider of transport technology solutions”, Aurrigo International (AURR) has announced “subject to the retail offer becoming unconditional, a total of 176,255 new ordinary shares… will be issued at 100 pence per retail offer share. In addition, the company has raised £100,000 by way of a direct subscription for 100,000 new ordinary shares”. Hmmm, ‘a leading international provider of transport technology solutions’ hey?

Aurrigo International – further agreement with IAG. An “important milestone” or a highly conveniently-timed, attempted ramptastic, announcement?…

Describing itself as “a leading international provider of transport technology solutions”, Aurrigo International (AURR) has announced what its CEO David Keene states is “an important milestone for us as it will be our first aviation operation in the US - a key target market. We're pleased to be partnering with IAG beyond the UK and to be building a presence at a key international airport”. So what’s the detail and what of a current 102.5p share price?

Aurrigo International – AIM Awards 2023 “Best Newcomer”…so little over a month after that bean-feast, a proposed bailout equity raise (natch!)

‘Best Newcomer’ winner at the nauseating self-indulgent AIM Awards 2023, Aurrigo International (AURR), with a share price which closed the 12th October day of the awards bean-feast at 162.5p, has now announced a “Proposed Placing”. With the shares having most recently closed at 147.5p, what of them currently at 107.5p?