From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

PipeHawk – shares crash as anticipated orders now to “not be forthcoming”, and how’s ‘going concern’?

By Steve Moore | Friday 5 July 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


A “Trading update in relation to QM Systems Limited”-titled announcement from PipeHawk (PIP) which commences that this automation, test and manufacturing subsidiary business of the company “as announced by the group on 27 March… has experienced a number of challenges, which have included, inter alia, a reduction in the number of orders as well as the value of orders received. Notwithstanding this challenging environment, the board of directors of the group anticipated that QM would receive two material orders”. Uh oh – “anticipated” and ‘challenging environment’ don’t bode well…
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

VANL

Van Elle Holdings – a Buy?

Thursday »

CCT

Character Group – a Buy?

 

ING

Ingenta – now a Buy again?

 

Clown

Which PR genius wrote this?

 

HAT

H&T Group – now again a Buy

Time left: 13:55:41