VectorVest – Bottom Fishing Opportunities on the LSE via Core Finance

Nick Batsford, CEO of Core London is joined by David Paul, MD of VectorVest UK.

Mega oversold levels in both the UK and US markets presents a bottom fishing opportunity when the overall market prints a buy signal. This strategy is suitable for the more aggressive trader and should be approached cautiously. David Paul presents several shares that meet bottom fishing criteria for consideration.

Ian Pollard: They Tell It To Em Straight Oop North

Leeds Group plc LDSG will bluntly tell its shareholders at todays AGM that having regard to the past years result, The Directors do not propose a full year dividend .” 

D4t4 Solutions plc D4t4 delivered strong growth in the first half with group revenue rising by 194%, which represented 89% of total sales compared to 60% in 2017. With a strong pipeline of opportunities, the company is experiencing exciting times and its  international offering continues to go from strength to strength.

CML Microsystems plc CML  updates that trading across the first six months of the financial year to the 30th September has been in line with management expectations. This has been despite the continued influence from extended raw material lead times and disrupted customer purchasing patterns. Revenue for the half year is expected to be £15m, pre tax profit £2.3m and adjusted EBITDA £5.1m.

1PM plc OPM An excellent performance by Positive Finance which was acquired only in June involved hitting some challenging growth targets. This has enabled OPM to pay-out in full the first year of Positive’s earnout .


PCF Group plc PCF  reports that new business “originations” for the year to the 30th September were 75% ahead of last year at £148m. August and September were consecutive record new months.The first full year as a bank has been extremely encouraging says the CEO, with excellent progress being made against ambitious targets

 Forget Brexit; Get A Greek Residence Permit Valid For The EU

Salt Lake Potash (AIM:SO4) Appointment of Tony Swiericzuk as Managing Director & CEO

  • Highly regarded mining executive Tony Swiericzuk appointed as Managing Director and Chief Executive Officer of Salt Lake Potash.
  • Mr Swiericzuk recently spent 9 years with Fortescue Metals Group (FMG), including as Director Business Development and Exploration, General Manager Christmas Creek Mine and General Manager Port.
  • Has a diversified construction, operations and logistics background in the mining, steelworks and ports industries spanning a 25 year career.
  • Mr Swiericzuk’s initial focus will be the rapid development of Australia’s first SOP operation.

Salt Lake Potash Limited (SLP or Company) is pleased to announce that the Company has appointed Tony Swiericzuk as Managing Director and Chief Executive Officer (CEO) effective 5th November 2018 and subject to completion of regulatory due diligence.

Mr Swiericzuk is a Mining Engineer with outstanding credentials as a builder and operator of mining projects, having recently been General Manager of the Christmas Creek Mine from 2012 to 2017. He oversaw the construction, commissioning and ramp-up of this project from 15Mtpa to 60Mtpa in his initial 2 year period then proceeded to optimise the operation and help drive FMG to become the world’s lowest cost iron ore producer.

In his initial years at FMG Mr Swiericzuk was General Manager Port Operations in Port Hedland and managed the ramp up from 20Mtpa to 60Mtpa from 2009 to 2011.

He holds an Honours Degree in Mining Engineering from The University of Queensland, a Master of Business Administration from Deakin University, and is a Graduate of the Australian Institute of Company Directors.

Mr Swiericzuk has the ideal operating and commercial experience to rapidly deliver on the exceptional potential of the Goldfields Salt Lakes Project (GSLP). The GSLP is a technically advanced, sustainable and highly scalable project to produce sought-after chlorine free fertilisers for the export and domestic markets.

The size and geographic locations of the nine lakes comprising the GSLP support a low risk, high margin business model that can be further enhanced by optimising the transport and logistics, and also by making use of existing infrastructure already available in the Northern Goldfields of Western Australia.

Mr Swiericzuk’s diverse background in large scale logistics operations will be a substantial benefit to the development of the GSLP and he also intends to utilise the tried and proven methods which were essential in making FMG the lowest cost iron ore producer in the world.

Current CEO of the Company, Mr Matthew Syme, has been integral to Mr Swiericzuk’s appointment and will remain a director and consultant to the Company ensuring a seamless handover.

Mr Swiericzuk said:

“I am thrilled to be accepting this role as CEO with Salt Lake Potash, and will lead the Company in building the first project in this exciting new industry for Western Australia. Since leaving FMG, I have been looking for a challenge where I can bring my construction, operational and logistical expertise to bear. I have been studying the emerging salt lake SOP sector for some time and the potential for a new large scale, environmentally friendly, primary resource industry is outstanding. A deep dive into Salt Lake Potash’s high quality technical work, business model and relationships has convinced me that it is easily the best company to lead the development of the sector in Australia. Its multi-lake holdings in proximity to the Goldfields infrastructure is paramount and offers great potential to achieve cost savings and economies of scale, as we did in the iron ore sector.”

 Salt Lake Potash Chairman, Ian Middlemas, said: 

“We are delighted to have secured the services of an outstanding mining executive to lead the Company into development and production at the GSLP.  Tony’s skills base is ideal for us and not easy to find, so we are particularly pleased that he has accepted the role based on his enthusiasm for the sector, absolute belief in the quality of the GSLP assets and strong determination to develop the first salt lake SOP operation in Australia.

I would also like to pay tribute to outgoing CEO, Matt Syme, who has done a superb job to get the Company to this stage, accumulating a formidable portfolio of salt lake properties and managing the critical early days of technical achievement and team and relationship building to get us to where we are today.

An exciting new chapter is commencing for the Company. With a new CEO committed to deliver the GSLP fast and at low cost, and our offtake relationships with Mitsubishi and Sinofert in place, we are now poised to deliver on the significant potential of this Project for our shareholders and stakeholders.”

For further information please visit or contact:

Matt Syme/Clint McGhie

Salt Lake Potash Limited

Tel: +61 8 9322 6322

Jo Battershill

Salt Lake Potash Limited

Tel: +44 (0) 754 036 6000

Colin Aaronson/Richard Tonthat/Ben Roberts

Grant Thornton UK LLP (Nominated Adviser)

Tel: +44 (0) 20 7383 5100

Derrick Lee/Beth McKiernan

Cenkos Securities plc (Joint Broker)

Tel: +44 (0) 131 220 6939

Jerry Keen/Toby Gibbs


Shore Capital (Joint broker)

Tel: +44 (0) 20 7468 7967



Terms of Appointment

 Subject to regulatory due diligence, Mr Swiericzuk will be engaged as Managing Director and Chief Executive Officer under an executive service agreement, on a rolling 12 month term that either party may terminate with three months written notice.

 Mr Swiericzuk will receive an annual salary of A$350,000 plus compulsory superannuation.

 A short term incentive comprised of performance rights to the value of $200,000 per annum (pro-rated for part years) based on the 30-day VWAP on 30 June of the preceding year will be granted subject to necessary approvals, vesting in July the following year. Mr Swiericzuk will receive 266,258 performance rights in respect of the part year ended 30 June 2019 and vesting 30 June 2019.

Mr Swiericzuk (or his nominee) will also be granted the following long term incentives subject to the necessary approvals:

Incentive Options

  • 1,000,000 incentive options exercisable at $0.60 each, expiring 5 years from the date of issue and vesting 12 months from the commencement date;
  • 2,000,000 incentive options exercisable at $1.00 each, expiring 5 years from the date of issue and vesting 24 months from the commencement date; and
  • 2,000,000 incentive options exercisable at $1.20 each, expiring 5 years from the date of issue and vesting 24 months from the commencement date.

Performance Rights pursuant to the Salt Lake Potash Limited Performance Rights Plan

  • 1,500,000 performance rights vesting upon satisfaction of the Trench / Pond Construction Milestone: which means commencement of construction of trenches and ponds required for a minimum 200,000 tpa process plant for the Goldfields Salt Lakes Project as determined by the Board, and expiring 2 years from the date of issue;
  • 1,500,000 performance rights vesting upon satisfaction of the Plant Construction Milestone: which means commencement of construction of a minimum 200,000 tpa process plant for the Goldfields Salt Lakes Project as determined by the Board, and expiring 3 years from the date of issue;
  • 2,000,000 performance rights vesting upon satisfaction of the Plant Commissioning Milestone: which means commissioning of a minimum 200,000 tpa process plant for the Goldfields Salt Lakes Project and production of first commercial quality Sulphate of Potash as determined by the Board, and expiring 4 years from the date of issue; and
  • 2,000,000 performance rights vesting upon satisfaction of the Nameplate Capacity Milestone: which means achievement of nameplate capacity for a minimum 200,000 tpa process plant for the Goldfields Salt Lakes Project as determined by the Board, and expiring 5 years from the date of issue. 


The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit


Catenae Innovation #CTEA – Signed Agreement with Southend United Football Club

Catenae (AIM:CTEA), the AIM quoted provider of digital media and technology, is pleased to announce that it has signed a 3 year agreement with Southend United Community and Educational Trust for the provision of its OnSide application.

The agreement will attract a modest one-off Implementation fee in respect of initial set-up and customisation and an ongoing annual licence fee payable in advance.

OnSide is a centralised management tool specifically developed for sports organisations. It deals with all the key elements of community coaching from scheduling of staff and timesheet processing through to attendee management and reporting in a GDPR compliant platform.

Tony Sanders, CEO of Catenae, commented:
“We are having conversations with a number of football clubs regarding their community programmes and how they operate. We have found there are a number of recurring themes; from the difficulty of proving validated outcomes for their funding providers, GDPR compliance, through to providing safe environments for their participants. OnSide has been developed directly with football clubs’ community trusts to provide the necessary information and controls they require. Southend United Community and Educational Trust are placing themselves as one of the front runners having recognised the importance of bringing together various information sources into a centralised system to increase efficiency and help improve their outcomes. We are extremely pleased to be working with them and look to add agreements for further clubs in the near future”

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged for release of this announcement on behalf of the Company was Tony Sanders (Chief Executive Officer).

For further information:

Catenae Innovation PLC
Tony Sanders

Tel: 020 7929 7826

Cairn Financial Advisers LLP, Nominated Adviser
Liam Murray / Jo Turner Tel: 020 7213 0880

Alexander David Securities Limited, Broker
David Scott / James Dewhurst

Andrew Hore: Quoted Micro 22 October 2018


Sativa Investments (SATI) has signed heads of terms for an option on a lease for a 7.53 acre site in Wiltshire that would be used for medicinal cannabis production. There will be a 25-year lease. The cost of the development could be more than £10m. Sativa has already raised £3.75m at 6p a share.

AfriAg Global (AFRI) has made its first medicinal cannabis investment. A £61,000 investment has been made at $146.439 a share in 546 Tilray Inc.

Chapel Down Group (CDGP) chairman John Dunsmore has sold one million shares at 60p each, which has reduced his stake by one-quarter to 2.17%, and finance director Richard Woodhouse has sold 150,000 shares, which were options exercised at 10p each, for 60p a share. Michael Spencer has bought nearly 1.3 million shares, taking his stake to 27.4%.

Training services provider Milamber Ventures (MLVP) has decided to expense, rather than capitalise, development costs. In the year to March 2018, revenues increased from £449,000 to £755,000, while the loss jumped from £1.26m to £2.14m. The outflow from operating activities increased from £973,000 to £1.17m. Milamber is planning to acquire health and social care training provider Orchard Rock.

Wishbone Gold (WSBN) has raised £567,000 at 0.1p each. This is part of the process of terminating the equity sharing agreement with D-Beta, which sold 88.2 million shares. The final payment for the termination could be around £120,000. Directors have capitalised £233,000 of fees and expenses into 212.2 million shares issued at 0.11p each. Turner Pope has been appointed as joint broker.

Angelfish Investments (ANGP) has issued 2.35 million, 7.1% preference shares at 100p each. That means that there are 4.6 million preference shares in issue and due for redemption on 31 March 2021. Ken Hillen has been appointed as a non-executive director.

Tectonic Gold (TTAU) has completed the drilling of nine holes at the Specimen Hill gold prospect in Queensland. The first six holes intersected sulphide mineralisation. Drilling will be completed in the next few days.

VI Mining (VIM) has completed 1,150 metres of drilling out of a planned 6,000 metres at Rosario. Negotiations continue concerning the acquisition of the mining assets from the sellers. A company controlled by chief executive David Sumner and two other VI Mining directors has acquired 6.1 million shares at 257p each, taking the stake to 75.8%. Perko Ltd has reduced its stake to below 3%.


Immunodiagnostic Systems Holdings (IDH) has put out its latest trading statement at 5.15pm on Friday. No surprise there. Interim revenues continue to decline. Gross margins are also falling.

Futura Medical (FUM) has raised £5.6m at 7p a share (a 27.5% discount to the market price) via a placing and offer through PrimaryBid. Up to £1m more could be raised via an open offer to existing shareholders. The cash will finance further phase III clinical trials for the MED2002 topical gel for erectile dysfunction. Data from the first European phase III study is expected early next year.

Construction consultancy Driver Group (DRV) expects to report a 2017-18 pre-tax profit well above the forecast of £3.8m. Overall utilisation levels have been 80%. Net cash was £6.9m at the end of September 2018.

Juniper Networks has made a $2m (£1.5m) investment in Corero Network Security (CNS) and this will provide cash to get the cyber security software supplier nearer to breakeven. The subscription price is 8.9p a share.

Frontier IP (FIPP) says that investee company Molendotech (14.1% stake) has signed a collaboration agreement with fresh produce company G’s Group. Molendotech will create tests for bacteria in produce and water that could reduce the test time from two days to less than one hour. Molendotech already has a deal with Halma for faecal matter in bathing water.

Although the interims from musical instruments retailer Gear4Music (G4M) appear disappointing, the second half should be much stronger and the profit shortfall will be more than made up. Revenues grew by 36% to £45.5m, but there was a first half loss. Margins were reduced on branded instruments in order to win market share. Full year pre-tax profit is expected to increase from £2.4m to £3.8m on a similar rate of growth in revenues.

Disinfection products Tristel (TSTL) generated nearly all its growth in international markets. Revenues improved from £20.3m to £22.2m in the year to June 2018, while pre-tax profit increased from £4m to £4.7m. The dividend was raised by 14% to 4.58p a share. Net cash is £6.7m. FDA approvals in the US have been delayed further, although there could be a small contribution from some disinfectants the US this year.

Summerway Capital (SWC) raised £5.73m net at 100p a share. The shares ended the week at 102.5p. The shell is seeking a UK business in the household and consumer goods sector.

Trading in the shares of Fishing Republic (FISH) has been suspended and the proposed chief executive is not taking up the role. Some major shareholders are no longer willing to provide financial assistance. Rivals are taking advantage of the weakness of the group and it is suffering from strong competition.

Payment data collector PCI-PAL (PCIP) has won a five year contract with a Canadian client worth an initial C$280,000.

Trading in the shares of satellite communications equipment provider Global Invacom Group (GINV) has been suspended ahead of a potential reverse takeover.

ClearStar Inc (CLSU) will integrate its mobile background screening services with Virtual Badge, which has developed a smartphone ID badging system. The new services will be launched by the end of the year.

Vianet (VNET) says the improvement in operating profit in the first half will be in line with expectations. This is thanks to a good performance from the smart machines division. The interim dividend will be maintained at 1.7p a share.

Kape Technologies (KAPE) has acquired ZenMate for €4.8m. Berlin-based ZenMate has 50,000 subscribers for its security software. There should be a small uplift to earnings per share next year.

Customer engagement services provider Netcall (NET) reported a flat underlying pre-tax profit of £3.4m in the year to June 2018. That includes 11 months from MatsSoft and this helped cloud revenues to more than quadruple to £4.8m. There will be higher investment in product development and marketing this year so pre-tax profit is expected to decline to £2.1m.

AssetCo (ASTO) has been told by the Abu Dhabi customer for firefighting services that it will withdraw from the contract in three months. This is the only contract the company has.


French Connection (FCCN) is carrying out a strategic review that could lead to the sale of the company. Four interested parties are in initial discussions. Sports Direct International (SPD) holds a 26.2% stake in the fashion retailer.

Hemogenyx Pharma (HEMO) has entered a collaboration agreement with US biopharma company Orgenesis Inc. The deal involves the development and commercialisation of the advanced hematopoietic chimeras (AHC) mouse model. This could be used to test the safety and efficacy of drug candidates. Orgenesis will provide a convertible loan of $1m and this can be converted into shares in the Hemogenyx subsidiary that owns the technology. Orgenesis will have a non-exclusive licence for the technology and will pay a 12% royalty on net revenues generated by the technology. There is a separate collaboration with a Johnson and Johnson subsidiary t develop a mouse model for lupus.

Cadmium-free quantum dots producer Nanoco (NANO) reduced its full year loss from £9.1m to £6m. There was £10.7m in the bank at the end of July 2018. Commercial production revenues could start to be generated in 2019-20.

Standard list shell Spinnaker Opportunities (SOP) says that it has terminated discussions for the purchase of a supplier of cannabidiol oils from industrial hemp. Other potential cannabis-focused acquisitions are being considered. Existing shareholders have sold 4.2 million shares at 5p each.

Andrew Hore

Ian Pollard – Safestyle #SFE lifts veil of secrecy

Safestyle UK plc SFE The Board has rushed out a clarification of yesterdays rather surprising announcement about its trading prospects and admits that it is considering arrangements with key stakeholders in NIAMAC Developments Ltd which could benefit Safestyle’s business and accelerate its recovery.

Interco. Hotels Group plc IHG delivered a good third quarter with the best performance for signings and openings in a decade. Nineteen thousand rooms were opened in the quarter, a year on year rise of 70%. Net system size rose 5.1% year on year to 826k rooms.$500m will be returned to shareholders via a special dividend with share consolidation to be paid in Q1 2019, subject to shareholder approval. This will bring the total returns to shareholders  to $13.5bn since 2003.

Dechra Pharmaceuticals plc DPH updates prior to its AGM today that the first quarter produced continued year on year above market growth. The Board is confident that for the current financial year, it will continue to out-perform  the markets in which it operates.

Intu Properties plc INTU confirms that on 11 October 2018 it received an indicative proposal of 205 pence per share in cash, subject to an adjustment for dividends. The proposal came from a consortium comprising the Peel Group, the Olayan Group and Brookfield Property Group. On the 17th October the proposal was revised upwards to to 215 p. per share.

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Salt Lake Potash #SO4 – ASX trading halt pending CEO announcement

Salt Lake Potash Limited advises that trading in the shares of the Company have been halted on the Australian Securities Exchange effective from Friday 19 October 2018. The halt was requested by the Company pending an announcement regarding a change of chief executive officer.

The trading halt will remain until the earlier of an announcement to the market regarding the above or the opening of trade on ASX on 23 October 2018.

Trading in the Company’s ordinary securities will continue on AIM during this period. 

For further information please visit or contact:

Clint McGhie

Salt Lake Potash Limited

Tel: +61 8 9322 6322

Colin Aaronson/Richard Tonthat/Ben Roberts

Grant Thornton UK LLP
(Nominated Adviser)

Tel: +44 (0)207 383 5100

Andalas Energy & Power #ADL – New Company presentation & Oil Capital Conference

Andalas Energy and Power Plc, the AIM listed upstream oil and gas and energy company (AIM: ADL), is pleased to announce that a new Company presentation is now available on the Company’s website (

Furthermore the Company will be presenting at the forthcoming Oil Capital Conference at 1pm on 24th October 2018.  The Conference will be held at The Brewery, 52 Chiswell Street, London, EC1Y 4SD. For more information and to register attendance for the event please visit: or email:

For further information, please contact:

Simon Gorringe

Andalas Energy and Power Plc

Tel: +62 21 2965 5800

Roland Cornish/ James Biddle

Beaumont Cornish Limited
(Nominated Adviser)

Tel: +44 20 7628 3396

Colin Rowbury

Novum Securities Limited
(Joint Broker)

Tel: +44 207 399 9427

Christian Dennis

Optiva Securities Limited
(Joint Broker)

Tel: +44 20 3411 1881

Stefania Barbaglio

Cassiopeia Services Limited

(Public Relations)

Powerhouse Energy #PHE – Operational Update

PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic and used tyres  and developer of the DMG® System continues to seek additional commercialistion opportunities for its technology.

In conjunction with its Project Development Partner,  Waste2Tricity, Ltd, PHE has met with 2 substantial waste suppliers to advance negotiations, supply detailed technical information, discuss detailed operational matters, and explore realistic deployment opportunities interfacing with existing installations.  Both negotiations have the possibility to lead to multiple DMG® System deployments, however at this stage there is no assurance that either of these, or any other, negotiations that Waste2Tricity are engaged in on behalf of PHE will come to fruition.

PHE has also engaged with, and have provided significant technical detail to, a major UK-based, multi-national EPC (engineering, procurement, and construction) company to support Waste2Tricity’s negotiations on behalf of both itself, and PHE, to obtain a system “wrap” and guarantee on the first deployment of the DMG® System and that these negotiations are ongoing.  However, as previously stated, these, and other negotiations, may not result in reaching a satisfactory commercial agreement.

Per our joint-development agreement of January 2017, PowerHouse Energy Group continues to support Waste2Tricity’s efforts in building a pipeline of commercially viable potential projects.

PowerHouse yesterday announced the successful receipt of the “Statement of Feasibility” from DNV-GL under the RP-A203 Technical Assessment protocol.

For more information, contact:

PowerHouse Energy Group plc         Tel: +44 (0) 203 368 6399
Keith Allaun, Chief Executive Officer

WH Ireland Limited (Nominated Adviser)       Tel: +44 (0) 207 220 1666
James Joyce / Chris Viggor

Turner Pope Investments Ltd (Joint Broker)         Tel: +44 (0) 203 621 4120
Ben Turner / James Pope

Ikon Associates(Media enquiries)     Tel: +44 (0) 1483 271291
Adrian Shaw           Mob: +44 (0) 7979 900733

About PowerHouse Energy

PowerHouse Energy has developed a proprietary process technology called DMG® which can use waste plastic end-of-life-tyres and other waste streams to convert them into cost efficient energy in the form of electricity and ultra clean hydrogen gas fuel for use in cars and commercial vehicles (FCEV: Fuel Cell Electric Vehicles) and other industrial uses. The PowerHouse technology is the world’s first proven, modular hydrogen from waste (HfW) process.

The PowerHouse DMG® process can generate in excess of 1 tonne of road-fuel quality hydrogen, and in excess of 28 mW/h of exportable electricity per day.

The PHE process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.

PowerHouse is quoted on the London Stock Exchange’s AIM Market. The Company is incorporated in the United Kingdom.

For more information see

About Waste2tricity, Ltd

Established in 2008, Waste2Tricity is a structured solutions provider to the energy-from-waste (EfW) sector, an industry supplying increasing amounts of electricity using feedstock diverted from landfill. Waste2Tricity works with clients and partners to develop, fund and support EfW deployment projects that use proven technology, are profitable and progressive. In the case of PHE these projects will use high temperature thermal conversion and ultra-efficient gas engines to convert waste plastic to energy and in the future can produce hydrogen to support the growth of the hydrogen economy.

For more information see

About DNV GL

Today DNV GL is a globally leading quality assurance and risk management company. With 100,000 customers across the maritime, oil and gas, energy, food and healthcare industries, as well as a range of other sectors, DNV GL helps companies to become safer, smarter and greener.

Driven by our purpose of safeguarding life, property and the environment, DNV GL enables organizations to advance the safety and sustainability of their business. Operating in more than 100 countries, our professionals are dedicated to helping our customers in the maritime, oil & gas, energy and other industries to make the world safer, smarter and greener.

In the power and renewables industry

DNV GL delivers world-renowned testing and advisory services to the energy value chain including renewables and energy efficiency. Our expertise spans onshore and offshore wind power, solar, conventional generation, transmission and distribution, smart grids, and sustainable energy use, as well as energy markets and regulations. Our experts support customers around the globe in delivering a safe, reliable, efficient, and sustainable energy supply.

For more information see

Ian Pollard – Games Workshop #GAW issues secret warning

Games Workshop Group GAW Issues a strange update covering the short period to the 7th October from the date of the last update in September. Sales are ahead and profits are at a similar level to last year, so why the need for an update. Well there seems to be a big “but” in that suddenly the Board decided that it should warn that there are some uncertainties and it remains aware of them.i.e. it has not just discovered them, since September and these uncertainties, are not just any old uncertainties, they are uncertainties about future trading which the Board is keeping secret.So why issue a warning and keep secret the reason for the warning.That makes it sound serious. An update about the update will be given “as appropriate” makes it sound even more mysterious.

RWS Holdings plc RWS has enjoyed its best year ever, with group revenues in the year to the 30th September having risen by 85%. Adjusted profit before tax is also expected to have been slightly ahead of market expectations. The Chairman eulogises that this has been a transformational year underpinned by a strong financial performance and increasing momentum.

Zytronic plc ZYT Preliminary results for the year to the 30th September  showed that trading in the second half of the year produced a 10% improvement in revenues over the first half, resulting in total revenues for the year of £22.3m which is in-line with market expectations.The cost of new designs and production techniques however, resulted in lower than expected margins, and in particular a spurious patent claim was settled for £72k, plus legal costs of triple that amount, resulted in full year profits before tax  being behind market expectations.  Query, why settle a patent claim if it is spurious.

Renishaw plc RSW Saw revenue for the 3 months to the 30th Setember rise by 8% on a like for like basis. Despite  a 27% rise in Healthcare adjusted profit before tax for the quarter declined by 9%

Forget Brexit; Get A Greek Residence Permit Valid For The EU

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