1699 days ago
Bulls claim to be delighted. Having issued a shocking profits warning on June 21, IQE has served up half year numbers which reconfirm full year guidance. There is no follow up profits warning. Well not yet. But bears have real reasons for cheer. Having stated in June that it could operate within its existing £27 million overdraft into Q1 2020, we see today that the company has secured an additional £30 million asset financing (expensive debt). Ok, no bailout placing pro tem but a sign that cash continues to be burned.
2767 days ago
Magnolia Petroleum (MAGP) has published interim results today. In this podcast I explain how to read through the horseshit and what are the real numbers you should be focussing. I explain why that makes this company not what it claims to be in any way but a totally worthless piece of Turkish just months away from insolvency.
3695 days ago
K3 Business Technology (KBT) has announced results for the six months to 31st December 2013 – emphasising “the early success we can now demonstrate with our new ‘ax|is’ solution, which has been under development over the last 18 months” and that “we believe that there is significant long term potential to accelerate and widen sales as we develop a global channel to market for our AX solutions and release new product, enriched with our own IP and tailored for specific retail market segments”. What does that mean in English?
3784 days ago
Sirius Minerals (SXX) today served up predictably dismal results for the six months to September 30th. Jessie J reckons that I should forget about the price tag and it is not about the money. My view is that her analysis of Sirius is wrong. It is all about the money. Or rather lack of it.
