The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Most recently on Enteq Technologies (NTQ), last week I wrote ‘intra-day “Conclusion of FSP, Corporate & Sale Process Update”. Uh Oh!’, concluding ‘it is also stated that “if at any time it is considered by the board that suitable funding cannot realistically be raised then the board will take the appropriate steps to seek to preserve value for creditors”. The key to note in that is “creditors” instead of even ‘stakeholders’ and let alone ‘shareholders’. With the conclusion of the Formal Sale Process also suggesting it’s going to be very good luck for current shareholders to eventually get anything from here, it’s a current share price further crashing towards 0.5p still bargepole/sell’. Hopefully at least that was heeded, after prior caution as far back as a 16p share price in 2016, as the company now announces “Appointment of Administrators”!
Most recently, last month with the shares then falling below 170p, on music and audio products company Focusrite (TUNE) I wrote it ‘concludes “Trading Update” with now “looks forward to… when it announces its half year results in late April 2024”. I bet it wishes it could report the results of back then too!’. It commences its now-announced results for its half year ended 28th February 2025 emphasising “with the group returning to revenue growth and confident of meeting full year expectations” and what about the shares currently slightly up to 147.5p in response?
Last week I noted THG plc (THG), reckoning that it operates “leading consumer businesses”, ‘dismissively responds to Myprotein offer proposal… from a company whose largest shareholder has as a major shareholder, the founder and CEO of THG!’, concluding including that I can think of why the prospective bidder had still responded flatteringly and that I continued to consider THG’s recent debt refinancing and equity placing didn’t bode well for its late April-expected bottom-line financial performance detail despite the shares then rising from just above 29p. So what of the now “FY 2024 results and Q1 trading statement” announcement, with the company headlining it “A transformative year, marked by further strategic progress and operational resilience and balance sheet deleveraging” but the shares currently more than 5% down in response at below 27p?
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Time left: 16:21:58
