RC Fornax – emphasises outlook confidence, but didn’t initially expect today’s “significantly below” initial expectations results!

Describing itself as a “UK-based consultancy delivering outcome-based engineering solutions to the defence sector’s most critical platforms - accredited, in-demand, and built to scale” (sounds like it should be well positioned then), RC Fornax (RCFX) has announced results for its year ended 31st August 2025 (hmmm, quite late then!) with CEO Paul Reeves emphasising “increased number of orders highlights the exciting trajectory in which we are heading. Combined with a strengthening pipeline, the board remains confident in the company’s ability to meet market expectations for 2026 and our ability to deliver sustainable shareholder value”. So what of a share price currently slumping below 10p?

RC Fornax (#RCFX) – board changes and “audit remains ongoing… annual accounts for the financial year ended 31 August 2025 to be published in mid-February”

RC Fornax – “pleased to announce” fundraising… at a more than 80% discount to the share price at which it joined AIM just early this year!

RC Fornax (RCFX) describes itself as a “UK-based consultancy delivering high-impact engineering solutions for critical military platforms - accredited, in-demand, and built to scale”. It has announced a fundraising but surely, with the noted demand for its ‘high-impact engineering solutions’, it’s got a good price per new share relative to a most recent close 9.75p share price – including with that already down from above 17p as recently as September?

RC Fornax (#RCFX) – £2.25m placing at 6p per share and “up to” £0.5m ‘retail offer’

RC Fornax – “Trading Update” AIM IPO Roll-Call of Shame in just over 4 months!

Describing itself as a “UK-based consultancy delivering high-impact engineering solutions to the defence sector’s most critical platforms”, RC Fornax (RCFX) has issued a “Trading Update” commencing with that the recent UK Strategic Defence Review “provides a strong backdrop for potential future demand for RC Fornax’s services, and indeed, since publication of the SDR, the company has seen a marked increase in customer engagement”. So what about a currently 24.5p share price, £14 million market cap, in response, down more than 50%?!

RC Fornax (#RCFX) – ‘military platforms engineering consultancy’ lists on AIM, company raises a gross £5.15m and “selling shareholders” £1m at 32.5p per share