Grafenia (#GRA) – equity raise for up to £27.9m at 8.5p per share

Grafenia – “Pre-close statement and trading update”, how’s the overall balance sheet?

Approaching a year ago I wrote on Grafenia (GRA) concluding that with the uncertainties, I could understand the market’s caution of the £6.4 million market capitalisation and avoided. What now of a “Pre-close statement and Trading Update”?...

Grafenia – “trading and strategy update”. Er, what’s the net cash/debt position?!

A “trading and strategy update” announcement from Grafenia (GRA) includes “revenue in March 2021 improved and was 80% of the same period last year. This April has started well… there's lots of reason to believe our clients will reopen to increased demand… using our software platform to smooth the process” and “we made significant and permanent reductions to our overhead base during 2020, to reduce our breakeven point”. Why then are the shares currently little changed, at 5.625p, in response?...

Grafenia (#GRA) – notes FY loss and altered strategy

Grafenia (#GRA) – “sales in August were around 70% of the same period last year”, restructuring

Grafenia (#GRA) – further variation to the terms of its acquisition of Image Everything Limited

Grafenia (#GRA) – £1.1m placing at 13.5p – a premium to the recent share price

Grafenia – argues “increasingly confident in the merits of our transformation strategy”, so why the share price decline?

Grafenia (GRA) has announced results for its half year ended 30th September 2018 – including noting “we're increasingly confident in the merits of our transformation strategy”, so why a current approaching 10% share price decline, to sub 10p?...

Grafenia – trading “in-line with our internal budgets”… but what does that mean?!

Grafenia (GRA) has updated including “we've continued to expand our Nettl network both in the UK and overseas” and “in the first quarter, trading has been in-line with our internal budgets”. The shares, at 13p, though remain down from 16p+ reached before results for the company’s year ended 31st March 2018 were announced last month…

Grafenia (#GRA) – Q1 ‘in-line with budget’, continues to acquire & pursue sign businesses around UK

Grafenia – FY results argue transition “has progressed well”. Has it?

Results for its year ended 31st March 2018 from Grafenia (GRA) include the Chairman’s statement commencing “the transition of Grafenia plc has progressed well since I last wrote to you”. The shares have though responded lower, back towards 12p…

Grafenia – equity raise to fund acquisitions… or is it?

A 1:15pm announcement of a change of adviser from AIM-listed Grafenia (GRA). Hmmm, a strange time to announce that – though I note it accompanied with Issue of Equity…

Grafenia – argues positioning to exploit ‘graphics sector convergence’… but for now it’s another trading warning!

Though down from 16p+ in 2016, shares in Grafenia (GRA) had recovered from circa 7p in the summer to above 12p before a latest Trading Statement…

Grafenia (#GRA) – revenues “slightly behind management expectations” & “weaker print margins”

Grafenia – interims; balance sheet deterioration & profit warning

Though down from more than 15p in Summer 2016, shares in Grafenia (GRA) have recently risen from 7p in July to more than 10p. However, they are currently heading back towards the latter following the company’s half-year report for the period ended 30th September 2017…

Grafenia – updates on “strong” print revenues & results “in line”, so why are the shares still depressed?

Grafenia (GRA) has updated that “revenues from print in March were strong, significantly ahead of both our internal budget and the same period last year” and that “the board expects full year results to be in line with revised market expectations for revenue, EBITDA and net cash” - yet the shares presently remain at a depressed 6.5p. Why?...

Grafenia (#GRA) – “mixed” trading update, board changes

Grafenia – as cautioned, another profit warning was ahoy…

A “Trading update” announcement from Grafenia (GRA) commences that “in our update to the market on 8th November 2016, we highlighted the inconsistent nature of transactional print volumes and this has continued”. Uh oh – that announcement saw me note profit warning ahoy!...

Grafenia (#GRA) – ANOTHER profit warning, likely “significantly behind” expectations

Grafenia – “delighted” to announce acquisition, but it looks no panacea to recent woe

Printing company Grafenia (GRA) is “delighted” to announce an acquisition of Liverpool-based Arthur Diamond Design (ADD Signs), seeing it as a first step of “ambitious plans”. Hmmm…