11 days ago
J Sainsbury (SBRY) has issued a third quarter trading statement to 6th January 2024 emphasising that it has outperformed the market every week of this financial year and to “continue to expect underlying profit before tax in 2023/24 of between £670 million and £700 million”.
16 days ago
Revolution Bars (RBG) tries its utmost to draw comfort from an H1 trading statement showing like for like sales falling and the impact of the Government’s increase in the minimum wage. But it is still downing in debt and facing clear macro headwinds. Even the good news is not really good news.
38 days ago
I do not wish to be a bore but dates matter. It was on December 7 last year that musicMagpie (MMAG) served up a full year ( to December 31) trading statement. It is now December 12 and there has still been no statement this year.
45 days ago
In today’s Bearcast I look at Chill Brands (CHLL), MusicMagpie (MMAG), Vast Resources (VAST), Eurasia Mining (EUA) and the bent and corrupt world of paid for research, Supply@ME Capital (FRAUD) and Regtech Open (RTOP) asking when will the taxman pull the plug, Kefi Gold & Copper (KEFI) and Optibiotix (OPTI)
114 days ago
Imperial Brands (IMB) has issued a trading statement headlined “on track to deliver full-year guidance and announces further £1.1bn share buyback”. This sounds good to us and what about currently a share price response up nearly 4% to 1642p?
345 days ago
Packaging company DS Smith (SMDS) has issued a trading statement noting “strong growth in profitability and financial performance”, in line with expectations, and that it is well positioned entering its new year.
400 days ago
Packaging company DS Smith (SMDS) has issued a Q3 trading statement including that “the positive trends in profitability experienced in H1 have continued” and “positions us well for the remainder of the year and into our next financial year”. So what of a recently falling share price?
450 days ago
As I pointed out earlier, in today’s trading update the fraud Supply@ ME Capital (SYME) provides no financial information on revenues or cash as at 31 December 2022 because boss Alessandro Zamboni doesn’t want to expose just how piss poor the actual numbers are. The trading statement has a list of “achievements” but its primarily a list of excuses of that the dog ate my homework during 2022 but there will be jam tomorrow. Now to dig into the excuses…
450 days ago
What profit or rather loss did the fraud Supply@ME Capital (SYME) make last year? What about sales? Assets under management at the sub scale asset manager Tradeflow? How little cash is left? Er…. Nobody has a scooby and that is even after a trading statement today from the fraudsters. If there was good news on any hard metrics, Supply would shout about it. Instead…
450 days ago
I start with walking to school with Joshua in the snow then cover being an insider (Kefi and Skinbiotherapeutics) and what it actually means. Then Mode Global (MODE), ouzo on my cornflakes again, folks were warned, Red Rock Resources (RRR) and its comical broker note, and finally today’s trading statement from Boohoo.com (BOO)
450 days ago
Scotgold (SGZ) has today served up a trading statement where the bad news is buried in a place nobody is meant to spot. One imagines that the only folks holding this stock are patriotic Saltire waving heroin addicts yakking on about how women with penises should be allowed to go into women’s prisons and share a changing room with your 13 year old daughter. Maybe our heavily subsidised friends in Scotland have not noticed the elephant in the room or maybe economics is not their strongest subject?
455 days ago
Just like Nightcap (NGHT) yesterday, Procook (PROC) has served up a trading statement which plays fast and loose with reality. Its intent is not to inform but to mislead.
553 days ago
I explicitly warned you to dodge thie Procook (PROC) IPO at 145p less than a year ago. Today after a second quarter trading statement which saw frantic turd polishing the shares are just 35p. And, whatever the company says about Q2 trading, things are just not going to get better.
562 days ago
Imperial Brands (IMB) has announced year ended 30th September 2022 “trading in line with expectations with growth in aggregate market share for top-five priority markets” and that a strengthened balance sheet and achievement of target leverage are to enable the immediate start of an ongoing share buyback programme. The shares have responded positively, up to 1940p, so what’s the detail?
632 days ago
I start with the business, the spoofs at shamed Union Jack Oil (UJO) and Hydrogen Utopia (HUI), where the Aquis DOM of the year is yanking your chain. Then, onto today’s appalling trading statement from Parsley Box (MEAL). I run you through the implied maths, rather than its adjusted EBITDA and other fantasies, demonstrating why by this time next year, it will have gone bust. It is a zero, however much the bird in charge protests otherwise. Target price 0p by July 2023.
650 days ago
Sales are vanity, profits come down to opinion. Cash, however, is a matter of fact. In that vein, one wonders if, after today’s dismal trading statement, Bidstack’s (BIDS) moronic shareholders can do basic maths. If they can, they will sell their shares first thing.
705 days ago
Fevertree (FEVR) has issued a trading update, which seems to read well, but the shares are down and will fall further. Let me explain.
778 days ago
Nomad and broker Finncap (FCAP) led by smug Sam Smith the City’s fave female entrepreneur, so we cannot say anything bad about her company, floated on the AIM Sewer on December 5 2018 at 28p per share. Today, after a ramptastic, but odd, trading statement, the shares are …. 28p to sell, 29p to buy if you are nutso.
780 days ago
Oh dear. Oh dear. Oh dear. Just when you thought things could not get any worse for the fraud Chill Brands (CHLL) they have. A trading statement signed off by adviser Allenby is a total shocker and exposes more deception by a company heading rapidly towards insolvency. Surely the FCA must, this time, act? If it does it is a quick death. If it does not the cash crisis means it is still a fairly quick death.
879 days ago
Sales are vanity, profit is a matter of opinion and cash is reality. That is a message that Dev Clever (DEV) seems to ignore as it served up a trading statement to accompany news that the FCA was dragging its heels on approving a prospectus as noted HERE. But what of the trading statement? Natch Dev jerks off about its sales in the year to November 30.
906 days ago
Shares in Chill Brands (CHLL) have slipped again today to a new year low of 17.75p. Ouch. To think that they were 76p when I published that 60 red flags dossier but of course the bulletin board morons, Seth Freedman et al knew so much better. The question now is about the trading statement and US sales update. What statement you say? Exactly!
937 days ago
The fraudsters and chancers at Supply@MECapital (SYME) tried to seep out some of the poison of quite diabolical interims with a 31 August Trading statement, but the true horrors only emerged today. Even the directrs now admit it may go bust yet moronic private investirs reckon an £88 million market cap is cheap!
966 days ago
There is so much in today’s absolutely appalling trading statement from the fraud that is Supply@ME Capital (SYME), that I need to cover it in three parts. I kick off with how the FCA ignored evidence from me and allowed Supply to get away with publishing bogus revenues, something it has today finally fessed up to.
1007 days ago
Crafting a brief one side of A4 trading statement as chip maker IQE (IQE) has today is not exactly a great effort. This is not translating the complete works of Shakespeare into Hungarian and then onto Welsh. So if something is left out, you must ask why?
1104 days ago
The fraud Zoetic International (ZOE) has released a trading update. Natch, there are lorry loads of jam tomorrow but it is what it does not say that should give investors looking at a £157 million market cap ( at 80p) a real panic attack. The lack of critical data here is the monumental red flag.
1104 days ago
Stuart Last, CEO of Audioboom (BOOM), said today that “Q1 2021 was a breakthrough period” as he yakked on about record sales and a maiden EBITDA but when you deep dive into the numbers, you find that Last is clearly taking the piss. Let’s start with vanity, that is to say sales.
1227 days ago
Sales are vanity. Profit is a matter of opinion. Cash is reality. But if you are trying to ramp your shares ahead of a bailout placing you do not want to talk about cash ( or rather lack of it) or even profits (or rather losses) so you jus bang on about sales. That brings us to Bidstack (BIDS).
1319 days ago
I noted on Monday how shares in Manolete (MANO) were tanking. So what to do? Natch, issue a panicked trading statement at 4.25 PM on Tuesday to reverse the rot. An unscheduled trading statement in the face of a sliding share price is always a bit of a red flag. And this statement was a total horror in the way that it boasted of the settlement of a major claim. It only serves to show how utterly aggressively this company presents its accounts and thus why you’d be bonkers to own the shares.
1323 days ago
One hopes that the FCA is actively investigating the clear market abuse engaged in by Dev Clever (DEV) with its May 13 subscription announcement. If you wanted any more evidence that this grotesquely overvalued company was slippier than the slippiest of eels, it was provided today with a trading statement which is nothing of the sort.
1469 days ago
A “Trading Statement” from bus services provider Rotala (ROL) including that the directors believe that it “will be well placed to take advantage, when restrictions are lifted, of the increased opportunities in the bus market that were evident before the onset of the coronavirus epidemic”…
1508 days ago
This is all to do with my own panic shopping but what it told me about how others are behaving. If folks think that most consumers continue to act as if nothing is wrong, think again. Then I look at Future (FUTR) which i don’t believe as it issues a trading statement, round two of beer and popcorn at Iofina (IOF) as the great Brexit bad boy Arron Banks makes his move, French Connection (FCCN) and ValiRx (VAL) botb of which look pretty fecked.
1531 days ago
This is a total omnishambles clusterfuck and it is hard to know where to start. So let’s just note the strange coincidence that yesterday shares in Bidstack (BIDS) were marked sharply lower and today the company has served up the most godawful of trading statements. But this is AIM, supervised by those stormtroopers of propriety, the Oxymorons at AIM Regulation with assistance from the chocolate teapots at the FCA so there cannot have been any insider dealing. No really. Stop sniggering at the back please.
1643 days ago
Following weekend revelations HERE and HERE about the “rollout” of new restaurants signed up by Big Dish (DISH), this morning I have further bad news from Bristol and surely this means that the company must fess up with a formal trading statement/lack of profits warning now.
1662 days ago
In today’s podcast I discuss the latest deranged rantings of Chris Frazer, the CEO of Sirus Minerals (SXX). The guy is a total knobhead, a man wheeling out the most lamentable excuses for his own failure. I also discuss a piss poor and incomplete trading statement from smug Sam Smith’s FinnCap (FCAP) and look at two AIM zeros in waiting: Sound Energy (SOU) and Funding Circle (FCH)
1729 days ago
There should have been a trading statement from Kier on 30th July. There has not been. Why?
1747 days ago
In today’s bearcast I look forward to the new show on Wednesday which will be half recorded by the end of today. I cover Mortice (MORT) a tale of shareholder woe friom the AIM Cesspit, Kier (KIE), Dev Clever (DEV), Anglo African Oil & Gas (SCUM), Premier Technical Services Group (PTSG) and Mobile Streams (MOS), where I study what happens to cashflow when a company is near to death and the red flag gaps in today’s trading statement.
1778 days ago
We tipped Big Sofa (BST) just a few weeks ago at a 4p offer. The shares, of which we own a good few, are now 4.5p-5.25p following an upbeat trading statement. But hang on tight as there is far more to come.
1846 days ago
In today's podcast, my last Monday bearcast from the civilised south as opposed to the Grim North, I start with a look at another blue chip high yield stock Neil Woodford is being forced to sell as a result of the flood of redemptions. Then I have a revelation of shame about Daniel Stewart (DAN) and executive largesse. Then I look at the Yourgene (YGEN) trading statement and the lamentable research note it produced from FinnCrap (FCAP) which I reproduce in full below. Really: it is time to sack FinnCap and get a proper broker on board Finally a look at Adept4 (AD4) and an appeal to you all to join the roll call of heros HERE
1846 days ago
Totally (TLY) is probably insolvent, in that it cannot meet its existing current liabilities from existing resources, but we do not quite know as today’s trading statement is just so much meaningless gibberish. What exactly is CEO Wendy Lawrence so desperate to hide?
1851 days ago
I start with a question for wretched PM Theresa May - which of your assessment's of Jeremy Corbyn was correct? I then look at the strange events at Brave Bison (BBSN), take aprt Audioboom's (BOOM) joke trading statement, look at Jersey Oil & Gas (JOG), Management Resource Solutions (MRS) and, finally, thirsty Paul Scott favourite TrakM8 (TRAK). Now how about you all follow the good Craig and donate a "one-er" HERE
1852 days ago
Anyone who follows me on twitter knows my feelings about the vermin of the IRA but I have a daily chat these days with my pal the IRA man about Brexit. I discuss its effect on shares and suggest that a far bigger political threat is really not priced in. I explain why I know Yourgene (YGEN) is having a trading statement on Monday and what makes good journalism. I look in detail at Mobile Streams (MOS), insolvency law and the nature of trade receivables and at Gear4Music (G4M) and its latest warning which is enough to turn a man to drink, the shares remain a stonking sell. Finally. get your wallets out!
2146 days ago
I noted in a bearcast last week that the lack of a year end trading statement from Purplebricks (PURP) as has in the past been its wont – was a bad sign. If it had any good news at all to mention after the profits alert in march it would have told us about it. Instead silence. Well a source close to the company say one bit of news it could have released is, er more bad news.
2267 days ago
Reach4Entertainment (R4E) has served up a trading statement which is, to use the technical term, nonsensical bollocks. But the shares are a very strong hold, at worst, at 1.95p.
2317 days ago
You know that I am bullish on Falanx (FLX) after its recent trading statement, I explained why and gave hard forecasts HERE. House broker Beaufort is p;aid to be bullish so take its words with a pimch of salt. However...
2318 days ago
I flagged up the big red flag on yesterday's trading statement from IQE (IQE ) - viz that increased sales and profits were not translating into cash generation. As ever, IQE is very weak in that department. But there is a lot more. Having slept on it here goes...
2320 days ago
IQE (IQE) has today stated that it is "on track to exceed full year expectations". But hang on Henry. Sales are vanity, profit is a matter of opinion, cash is reality. And so we read that:
2364 days ago
It seems that Thursday's RTO of Sosandar (SOS) at 15.1p went well enough. The shares closed Friday at 20p-21p and I am very confident indeed that we loyal shareholders would have a chance to sell at well over 30p before too long. This retailer will not be disappointing with its next trading statement which, I'm sure, will force brokers to increase forecasts. But some of my fellow shareholders don't seem to be the brightest sparks or my greatest fans. From the ADVFN asylum:
2376 days ago
Yesterday afternoon Dekeloil (DKL) issued a correction to a Q3 trading statement published on 18 October which, for reasons I cannot fathom, was not accompanied by the sacking of the company's FD.
2382 days ago
Oh dear, oh dear. This is pretty simple maths although clearly beyond the wit of clueless Nomad SP Angel but in this podcast I demonstrate clearly another slam dunk lie in the MySquar (MYSQ) trading statement of last week and corrected version of this week. Time for another correction? But it gets worse. I remind you of what SP Angel needs to establish to show that MySquar only breached AIM Rules rather than committing wholesale fraud (ref July sales) but now suggest that its claims re September comparatives might bear scrutiny as well. And there are some very fishy rumours coming out of Singapore that SP Angel might consider as it decides whether to quit or not. I move on to cover Paternoster Resources (PRS) after its latest bad news and explain why its NAV is illusory and then ask readers for help in outing which oil & gas stock Cornhill is raising $15 million for today at a discount of 12% to some share price or another.
2448 days ago
With apologies to my fellow bear Matt Earl, the Dark Destroyer, who is a NED at Mirada (MIRA) but today's trading statement moves swiftly from gushing about jam tomorrow to a a damning admission of the monumental cashburn which leave the balance sheet holed beneath the waterline. It is placing ahoy and for a company of this size that means bucket shops and a deep discount
2487 days ago
After tearing apart this week's bogus trading statement from MySquar (MYSQ) HERE and HERE, the AIM listed POS has tried to pop up its falling share price today with another piece of PR non news. We can address that later but first I have three more questions that it can't and won't answer.
2489 days ago
Avanti Communications (AVN) has surprised no-one with a grim old trading statement covering the year to June 30th 2016. But the CEO who boasts of how he misled investors with a faked demo to raise funding has - as usual - tried to make a shit sandwich more palatable by serving it covered in oodles of jam tomorrow. But there is something that bombastic prick David Williams is not telling you....
2520 days ago
Avanti Communications (AVN) the drowning in debt satellite operator run by a man - David Williams - who has boasted about how he misled to investors to raise capital, by faking a product demonstration, has served up a trading update. As ever with Avanti it is packed with jam tomorrow but the reality is that it is the usual Williams fare, a shit sandwich.
2641 days ago
Symphony Environmental (SYM) has updated that 2016 performance was ahead of expectations and announced the launch and UK listing in Wilko stores of d2p antimicrobial household gloves…
2649 days ago
Reach4Entertainment (R4E) has updated that it “expects to produce a trading performance slightly ahead of market expectations for the 12 months to 31 December 2016 at the EBITDA and profit before tax levels”, confirmed the appointments of two non-executive directors and added Finance Director, Linzi Allen, to the board.
2654 days ago
There are two massive uncertainties regarding Watchstone (WTG), Quindell as was. I look at today's trading statement and offer up analysis which suggests that on a best case scenario this stock is more than fully valued but on a worst case scenario it is grossly overvalued.
2681 days ago
We picked up some of these shares at the Dragon's Den pitch at the UK Investor Show. We sold this morning at a loss and in disgust at 91p. The order was just to sell after United Cacao (CHOC) served up the most god-awful trading statement on a day when most folks are just not around but are off doing Christmas shite. Sadly for Cacao Scrooge's biggest fan is at his desk and my comments on this horror are in bold.
2728 days ago
A Q3 Trading statement today from long term dog blur (BLUR) is pretty dismal and the shares have crashed another 34% to 3.375p. Putting that in context - this company listed 49 months ago at 82p and has been a dog ever since. Surely it is only a matter of time before the vet arrives with needle to put this sick puppy out of its misery.
2751 days ago
Iofina (IOF) has today served up a Q3 trading statement. What it says is fine enough. But what matters is what it does not say. Since there is no point in hiding good news one can only assume the worst. The ,market certainly does and it is right to do so. The shares are off by 15% at 10.75p-11p. Fair value is closer to zero.
2753 days ago
Later today I shall record another most excellent Bearcast using the Audioboom (BOOM) platform which to date appears to have generated advertising revenue for me of er...nothing at all. That is somewhat below what I was led to expect but who cares, I bring you my expletive ridden thoughts for the sheer pleasure of it. Let's start early today with the tourette's: The Audioboom trading statement is just plain shite.
2789 days ago
I am aware that Britain's top share blogger Mr Paul Scott is flying back from an extended Greek holiday this morning. When he lands at Gatwick and checks his smartphone he will see that shares in his beloved TrakM8 (TRAK) have dived by 10% today, to just 200p to sell after a piss poor trading statement. I hope Paul has some duty free ouzo for the Sheriff as I think he owes me an apology on this one. Hmmmmm I can almost smell the aniseed now...Scotty you know where to send it.
2811 days ago
Lord Timmy Razzall still has not answered the ten questions from Cynical Bear that a man of honour rather than a money grabbing piece of shite would have answered - his silence tells you everything. Instead he has again produced a trading statement from Boxhill Technologies (BOX) which omits all the key data - Lord Razzall luvvie, what are you hiding?
2844 days ago
Tim Martin of pubs chain JD Wetherspoon (JDW) is a Eurosceptic and a man who calls a spade a spade. In today's trading statement he deals with those who lied blatantly in the run up to the referendum. Tim Martin: we at ShareProphets salute you. Personally I find his pubs fairly ghastly but next time I am passing buy I shall pop in and have a drink for Mr Martin toasting you publicly. Does Mr Martin serve ouzo? Tim writes in the RNS:
2845 days ago
Jam tomorrow producer Bango (BGO) has served up a ramptastic trading statement which distinguishes itself by missing out all of the metrics a sane investor would want to know about. Lads, Ronan understands.
2845 days ago
Look back at our coverage of satellite disaster story and serial issuer of fascistic lawyers letters Avanti Communications (AVN) you cannot say that we did not stand up to bambastic bully boy CEO David Williams and warn you. Today there has been a pre close trading statement, the shares have crashed by 60% to just 24p and the Fat Lady is starting to gargle. My father & I will crack open the ouzo early today.
2864 days ago
Lord Tim Razzall, the chairman of POS Boxhill (BOX) will still not answer Cynical Bear's 10 Questions. He is still trying to suppress news of the winding up order against his piss poor company. And yesterday he served up a trading statement which again begs the question of what little Timothy is hiding now?
2916 days ago
In announcing that calendar 2015 results will be published on May 25, R4E (R4E) has issued a pleasing, if brief, trading statement. Chairman David Stoller is quoted as saying:
2930 days ago
Branded showers, taps, bathroom accessories, tiles and adhesives group Norcros (NXR) has updated that “underlying operating profit for the year is expected to be marginally ahead of market expectations” and that it looks “well positioned to continue to make further progress”.
2943 days ago
Firstly happy birthday to my father - I have a present see HERE. Then a message on landing times for UK Investor tickets. If you have not booked yet do so now. Then I am going to annoy Paul Scott by bashing Roger Lawson. Those who followed Lawson's advice as he endorsed blinkx (BLNX) without declaring his holding are 90% down. Yet he is yet to apologise to them or to those he attacked as we pointed out why his analysis was all cock. So let's look at the dire trading statement today. Then it is onto Asiamet (ARS), Strat Aero (AERO), Iofina (IOF), Fitbug (FITB), Vast Resources (VAST) and finally a detailed look at Rare Earth Minerals (REM) and some interesting points raised by Andrew Monk.
2967 days ago
Begbies Traynor (BEG) has updated that its third quarter ended 31st January saw performance “as anticipated” and that it “is well placed to deliver the board's expectations for the financial year as a whole”.
2973 days ago
No wonder Sir Stelios wants wholesale boardroom change at FastJet (JFET) a disastrous trading statement today makes it clear that the current board has not got a scooby and that bankruptcy is very much on the cards.
2978 days ago
Reach4Entertainment (R4E) has updated that “trading has continued well in the last quarter of the year, with the expected seasonal uptick in revenues” and that it “therefore expects to report revenue, EBITDA and statutory profit before tax for the full year in line with market expectations”. Good news all round.
2998 days ago
AIM Death list member Wandisco (WAND) has released, what can only be described as, an utterly disastrous trading statement at every level. All the money's nearly gone and there must be a very real danger that it is tits up time soon.
3000 days ago
InternetQ (INTQ) the dodgy Greek outfit exposed repeatedly HERE for all sorts of nonsense has published a totally meaningless trading statement. It hides behind the fact that the Chief Bubble is considering an MBO if he can persuade fund manager Tosca to back him.
3000 days ago
Just a reminder that it is Shrove Tuesday or, as younger folks might say, Pancake Day. Next up I shall be asking what you are giving up for Lent? I shall be giving up expressing my undiluted admiration for Britain's leading chanteuse Ms Cheryl Cole. Back to shares and I discuss what is real asset backing and what is it worth with relation to Allied Minds (ALM) and Cambian (CMBN) and a piss poor trading statement from Tungsten (TUNG). I express some displeasure with MX Oil (MXO), now off any buy list, and then move onto Servision (SEV) which is heading to where Motive TV (MTV) is now - off another 50% at 0.00p
3022 days ago
A year end trading statement is meant to allow investors to make a rational decision on whether to buy hold or sell the shares. A statement such as that served up by Iofina (IOF) today fails to do that. If a company fails to announce critical metrics it is - 99.99% of the time - because those metrics are dire. And that is the truth behind today's turd polishing from this AIM listed POS.
3088 days ago
King of the AIM bombasts the uber Welsh David Williams of drowning in debt Avanti Communications (AVN) has polished up another turd, that is to say his Q1 trading statement. Naturally Taffy Williams is delighted with all the progress being made. He always is as target after target is missed.
3190 days ago
Floated on the AIM Casino at 60p in November 2013, shares in Rightster (RSTR) now trade at 13p-17p but worse is to come as last week’s trading statement DIDN’T make clear.
I have attempted to discuss this with the company but it refers all enquiries to its £5,000-£10,000 pcm PR agency Newgate Threadneedle where the main man is Tim Thompson, the guy we got sacked from his last gig when we exposed the dirty tricks he played on behalf of Range Resources on dissident shareholders. Disgraced Timothy refused to return three phone calls on Thursday as did his colleagues. Well that is £5,000-£10,000 of shareholders cash well spent is it not?
The trading statement was full of the usual shite.
3204 days ago
Edison is paid by companies to hire analysts such as convicted felon Champagne Charlie Gibson to produce research reports. The hooker never tells a punter that he has a small dick and Edison finds itself in the same position: just keep the client happy. And thus once again it has today served up a research report with a massively misleading title. The stock is Brady (BRY) which today served up a first half trading statement.
3306 days ago
Today’s trading statement from blinkx must be making even Roger Lawson from ShareSoc splutter into his cornflakes as it is truly dire. No wonder that the shares, 90p a year ago as Lawson said the bears did not know what they were talking about, are just 28.5p and falling. And worse is to come for this POS as a 100% vindicated Ben Edelman will be having another go at www.UKInvestorshow.com on April 18 in Westminster.
3360 days ago
Plastics Capital (PLA) has done itself no favours at all with a trading statement which for word analysers is a bit of a puzzle. The good news is that it states baldly that it is on track to hit forecasts for the full year after a Q3 which was strong.
I quote exactly:
3367 days ago
Marketing communications group Creston (CRE) posted up what can only be described as a rather weak trading statement for the period from 1 October to December 31. Sales grew by 5% in H1 but that slowed to just 1% in Q3.
3379 days ago
Restore plc (RST) has updated “that trading for the year ended 31 December 2014 was in line with expectations”and that “we have an excellent platform for further profitable growth with strong visibility of earnings”.
3387 days ago
Fox Marble (FOX) has updated that, with much of the 2014 order book having been pushed into H1 2015, 2014 reported sales are expected to be only around €150K, though that it is “encouraged by the strong finish to the year in terms of deferred income, signed offtakes and sales agency agreements” , with “confirmed orders to date for 2015 currently stand at €1.5m of block and slab marble”.
3417 days ago
Avesco Group (AVS) has updated that it anticipates profit for its year ended 30thSeptember 2014 “will be ahead of current expectations” following “stronger and quicker than anticipated” cost savings and an “extremely busy” final quarter.
3475 days ago
Quite simply I have never read such complete and utter bollocks in my life. As I write Quenron (QPP) shares are down by a couple of pence at 151p. That is despite it issuing a trading statement which was meant to appear extraordinarily upbeat. In the old days the stock would have jumped by 20% on this sort of bull. But these days investors seem to be waking up to the fact that it does not add up, that the company is talking patent bollocks and that the cash situation is clearly critical. Chuck in the Red Flags from subsidiary accounts which are landing thick and fast and this one is now in a a rapid spiral towards death.
And so what crap is talked in the statement? Where does one start? At the top my friends.
3548 days ago
On 14th July Quindell (QPP) issued a trading statement. Its interims are on 21 August. And so today it issues, er um yet another trading statement. Why? Because its shares are in free fall. The statement implies that all is well and the shares have clawed back some of their losses but it simply fails to deal with the bear case. My stance is still sell with a 1p target. Here is why you should view this as a selling opportunity.
The statement says that in July targets for cash conversion, EPS, EBITDA were met and “operating cash flow” turned positive in July meaning net funds increased It reaffirms it is on target to meet forecasts but says that “Certain contracts being restructured to ensure the optimum return on cash resources but both profit and cash guidance are not dependent on any upside from these initiatives.”
3561 days ago
Shares in Globo (GBO) are 5% ahead on the back of what appears a bullish trading update. But hang on am I missing something here?
The update first. H1 2014 sales will be 45% ahead at 46.5 million Euro which is slightly head of forecasts, PBT is forecast to be slightly ahead of expectations and net cash grew by 3.2 million at the year end to 46 million Euro.
Hmmm. That looks good. But …
3574 days ago
Having slept on the matter I am more than happy to retain my sell stance and 20p target on Quindell after yesterday’s trading statement. On the basis of Quindell adjusted earnings and cashflow forecasts the shares rocketed yesterday but I have more questions than ever and I see the shares are falling steadily today as serious investors start to ask serious questions. My core concern remains cash as I explained yesterday HERE
I note that all those folks tweeting me yesterday with #QPP or #QPPSAG saying what a prat I was and pointing out how the shares were soaring have yet to tweet me to flag how they are falling today. How odd. I would urge you to read the piece I posted earlier on various press comments as that should raise real concerns if you are a Quindell shareholder. That can be viewed HERE
My new issues to raise.
3575 days ago
Suddenly bulletin board morons tweet me in a way that suggests they need to up the medication urgently. Quindell (QPP) shares have leapt by 33% or more to 244p on the back of a trading statement. Those folks who lambasted me for being bearish at 250p and above reckon I have lost all credibility, blah, blah, blah. Whatever… The statement reads well. Superficially – that is to say if you just look at Quindell defined EBITDA, sales (including huge accruals) and EPS numbers. But I have a number of issues and remain a seller with a 20p target and here is why…
3577 days ago
Avanti Communications (AVN) is now officially my Victor Meldrew stock: “I just do not believe it!” Last week it served up a “contract win” announcement that was utterly incredible. Now for this, drowning in debt, needs to raise equity Company we turn to the mystery of the full year trading statement.
Back in 2013 the statement covering the 12 months to 30th June came out on 12th July and generally well run companies follow a fairly similar year in year out routine. But this is not a well-run company it is Avanti. So there was no trading statement.
3644 days ago
Iofina (IOF) today served up a dog’s dinner of a trading statement and now promises regular update on its operational woes, oops I meant progress. Goody Goody. The shares are now 38p and my long term target price remains sod all.
And so to today’s news. Hmm where to start?
3701 days ago
I warned the other day that the situation in Ukraine could be the straw that breaks the camel’s back for AIM Cesspit listed drowning in debt dairy products group Ukrproduct (UKR). Read between the lines of a trading statement today and if you own this stock you should flee for the exit ASAP.
3743 days ago
Globo (GBO) serves up a trading statement on Tuesday. My view is that whatever it says matters not a jot. I do not believe that this is an investment grade business. Where the shares go short term I know not. But one day they will collapse. When will that be, I know not. But I would never want to own shares in this AIM Cesspit posterboy. Fund manager Ennismore has a short position and this internal note is a devastating analysis of why it is right to be short.
Ennismore writes:
Globo PLC – UK listed Greek software business (short position)
3745 days ago
The Silverdell (SID) scandal meanders on with Nominated advisor FinnCap, headed by self-important Sam Smith (pictured), insisting that in trousering hundreds of thousands of pounds in fees, it has done nothing wrong. Its Compliance Officer Mr Tubby has conducted a “full review” and found that his firm was not in any way negligent of its responsibilities. Hmmmmmm – a new whistleblower has contacted me.
You can read Mr Tubby’s protestations of innocence and why they do not wash HERE
I now turn to the trading statement of 20th June 2013 when AIM Cesspit posterboy Silverdell stressed how brilliantly it was doing even though its main subsidiary had received a winding up order on 13th June which brought the PLC down by 2nd July. When a company issues a trading statement it will have a minuted board meeting with the Chairman in charge to approve it. A copy of the minute will be passed to the Nomad before the statement is released.
Mr Tubby:
3910 days ago
Sefton (SER) has issued a trading statement. Given the widespread comment as to its (lack of) cash position you would have thought it would clarify that matter. Its failure to do so is damning. There is either a placing (heavily discounted – shall we say 0.25p?) looming or, in the very likely scenario that no placing can be got away, this company is toast. My calculations suggest that cash net of current liabilities/trade receivables is nil or worse – can Sefton clarify this as a matter of extreme urgency?
The company also declined to comment on the matters arising from the Gary Dillabaugh revelations of yesterday. Again one has to ask why? The answer: because it knows that there is no answer. Jim Ellerton has been rumbled and exposed.
And so what was said? The best I save to the end but…
3922 days ago
Kenmare Resources (KMR) has served up a trading statement which for one shows more steps forward than back. But it is hardly impressive. At least it has managed to persuade the banks to extend debt repayment terms. But ilmenite prices remain soft. The uber excellent mining analyst Roger Bade of Whitman Howard writes:
4040 days ago
Domino’s Pizza (DOM) has served up a truly cracking trading statement covering the 13 week period to 31st March. It looks as appetising as a large pepperoni passion with extra jalapeno peppers on its own but when compared to prior statements it looks truly outstanding. The company says that its start to the year has been “solid”. It understates the case.
4093 days ago
When a company issues an RNS headlined “Trading Statement” there is always a heart in moth moment as you open it up – is this a profits warning? No such concerns today with Blinkx (BLNX) which has announced that after an exceptional first half, trading in the third quarter remains strong and hence it will beat full year forecasts. The shares have raced ahead by 26% to 86.25p but are they now more than up with events? Is it time to bank gains?
The statement is brief but reads:
“In November 2012, blinkx announced that it had an exceptional first half, driven by the early integration of recent acquisitions and the effects of the US elections and London Olympics. Today, blinkx is pleased to report that trading in the third quarter continued to be strong. Therefore, the company expects to be ahead of targets, with revenue for the full year in the range of $180M to $185M.
4093 days ago
Shares in Cupid (LSE:CUP) have plunged in recent days. Belatedly the company issued a statement at noon on Friday which should have stopped the sell-off. It did not. Hmmm. The shares now trade at 135.25p valuing the business at £113 million.
The statement reads:
“Cupid plc notes the movement in its share price; the Company knows of no material reason for the movement. The Group confirms it is trading in line with expectations and that at the year end had approximately £14m cash on its balance sheet. As previously announced, the Group will be issuing its full year 2012 results on 5 March 2013.
4106 days ago
I commented positively on shares in AIM-listed niche plastics products manufacturer, Plastics Capital (PLA) in September at 66p and November at 72p. This was a big winner from my days at t1ps.com. Following a trading update today which reported that the company “continues to trade broadly in line with market expectations” and that “performance should be broadly in line with expectations over the final quarter and looking into the next financial year anticipate a year of significant progress”, the shares now trade at 79.5p. The following reviews today’s announcement and offers my remoulded take on the shares (that is a bad pun BTW)
4117 days ago
AIM-listed international online fashion retailer ASOS (ASC) has published a positive update on December trading – sending the share price up to £26.60, which capitalises it at more than £2.19 billion. The following reviews the trading announcement and current investment proposition from this company that great bear Evil Knievil has consistently shorted and consistently got wrong…
4117 days ago
On 15th January AIM listed super IPO of 2012 WANdisco (LSE:WAND) served up what was a very upbeat and impressive trading statement prompting modest upgrades from its paid for research lackeys at Edison and GE&CR and sending the shares soaring ahead to a 577.5p share price. The 2014 PE ratio is now in the region of 120. On 6th January I explained why this stock was actually, a plausibly, cheap share tip at 493p although it could hardly be described as a traditional Warren Buffett style value investment.
4118 days ago
UK pub owner and operator and FTSE-250 constituent JD Wetherspoon (JDW) has today provided an update on current trading ahead of its results for the six months ending 27th January 2013, which are expected to be announced on 15th March. The share price has risen from a little over 370p in May to 518.5p at the close today but I am struggling to see why anyone should get that excited about the state of play.
