Acoustic and thermal insulation materials group Autins (AUTG) has issued an “AGM Trading Update” commencing that its “"Survive and Thrive" strategy has been embedded within the business with positive results”. So what of a current share price of 6p, down 40%?!
Acoustic and thermal insulation products group Autins (AUTG) has issued a trading update including noting year to 30th September 2023 sales growth and “EBITDA (stated on an IFRS 16 basis) is expected to improve by £2.1m to £1.0m”. So what of a current 11.5p share price, £6.3 million market capitalisation?
Previously writing on acoustic and thermal insulation group Autins (AUTG), in June with the shares down to 14.5p I concluded it looks like that not much cash for long will be available for growth ‘positioning’ and still avoid / sell. The shares last closed at 14p but are currently falling below 10p on the back of a “trading update”.
Previously writing on acoustic and thermal insulation group Autins (AUTG), in March with the shares at 19p I concluded that I looked forward to the detail in June-planned results for its half-year but suggest not much cash for long will be available for growth ‘positioning’ and that I certainly continued to avoid. Today the group has announced those results and the shares are currently further down to 14.5p.
Previously writing on acoustic and thermal insulation group Autins (AUTG), in January with the shares down to 20p I questioned “anticipates improvement”, concluding that with also the current macro uncertainty to avoid. What now of an “AGM Statement” and the shares currently further down to 19p?...
Acoustic and thermal insulation group Autins (AUTG) has announced results for its year ended 30th September 2021 and that it “anticipates improvement in the supply of semiconductors during the second half of 2022”, so what of a current share price response to 20p, 5% lower?...
Automotive acoustic and thermal insulation group Autins (AUTG) has updated including “the board expects to report FY19 results in line with market expectations… the group is well placed with sufficient capacity to take advantage of the many opportunities in its pipeline to grow and diversify the business”. The shares are though currently still around 20p – having reached 37p earlier this year and been much, much higher in previous years…
Previously writing on Autins Group (AUTG), in June I noted deteriorating finances and concluded bargepole / sell. The shares have recently been around the 28p of then, but now placing news…
Previously writing on automotive acoustic and thermal insulation group Autins (AUTG), in March I noted the shares up to 34p to buy on the back of Chairman & CEO (though the announcement doesn’t seem sure!) share purchases. However, I noted these small and following results showing finances further deteriorating. Now a “Trading Update”…
Last week I questioned on automotive sector acoustic and thermal insulation group Autins (AUTG), “pleased to announce” results & “confident 2019 will deliver positive results”. Really?. There is currently though a “Directors' Dealings” announcement seeing the shares jump…
Previously writing on automotive sector acoustic and thermal insulation group Autins (AUTG) in October, it was with the shares falling further from the mid 30p’s; “many opportunities to grow and diversify” - why the ‘cost base steps’ then?. The shares are currently again lower to 20p on the back of “pleased to announce” full-year results. Hmmm…
In June despite shares in Autins Group (AUTG) slumping to 50p, I concluded the current lower demand and “significant competitive pressures”, with further investment having been made and lack of visibility means I think I’ve seen enough here. Sell – and as the shares currently slump, this is yet another example of why to be extremely cautious of company’s expecting second half weighting. The shares had since declined to the mid 30p’s – and are further lower today on the back of a “Post Year End Update”…
A February AGM statement from automotive acoustic and thermal insulation group Autins (AUTG) included “we delivered strong top line growth in FY2017 and are seeing this continue during FY2018 although still very much re-iterating that we expect a significant second half weighting to results… the board remains confident in our strategy” and on Friday there was a routine Notice of Results announcement. Now an Update on Full Year Expectations and OEM Approvals. Hmmm…
