iiinova — where your digital self keeps evolving

#SNX.L - FY TU ➡️A solid end to FY26: Rev in line & BS Earnings "at the top end of the previously communicated range of £3.7 million to £4.1 million." ➡️Some Energy market deals slip into FY27. ➡️Outlook: "it remains confident in the Group’s growth opportunity as it enters FY27."

000

James @1james1n1.bsky.social · 23h

#HERC.L - Contract Wins ➡️Wins a further £5m of contracts mainly with Thames Water. ➡️Contracts started in Q4 FY26 and will mostly complete in coming 6 months. A risk and benefit of short term contracts is the cliff-edge when they end, & opportunity to announce new wins.

040

James @1james1n1.bsky.social · 05/10/2026

#ENSI.L - Finals Not one I have really looked at much before. ✅Rev up 53%, PBT of £2.3m, cash of 7.6m. ➡️Equity dilution via two fund-raises this year in March (£10m) & July (£14.9m). ➡️Outlook: "we are confident that #ENSI is well positioned to sustain this momentum into FY27 & beyond"

270

James @1james1n1.bsky.social · 30/09/2026

#GDWN.L - Q3 TU As my news service is missing the Goodwin RNS, here is an infographic to summarise the contents instead. Key points: ➡️Duvelco incurred a £1.7m loss & a 10-month delay. ➡️Disposal continues - no CT on gain. Significant portion to be retruned. ➡️Board re-sizing.

170

James @1james1n1.bsky.social · 30/09/2026

#GRG.L - Q3 TU ➡️Rev up 7.7% in Q3 & 7.4% YTD. ➡️Managing cost inflation ay c2%. ➡️Has opened a net 57 stores YTD. ✅Outlook: "Improved trading performance in recent months and continued strong cost control now leads us to expect a modestly improved outcome for 2026."

050

James @1james1n1.bsky.social · 30/09/2026

#NAH.L - Interims ➡️1H Rev up 5%, PBT up 31%, net debt down to £1.1m. ➡️Notes the contract dispute settlement with payment of £1.85m due by mid-Oct. ✅As a result, profits & cash generation will be "materially higher than current market expectations" ➡️Reviewing Capital Allocation policy.

000

James @1james1n1.bsky.social · 30/09/2026

#FUTR.L - FY TU ➡️"the Group will deliver in line with market expectations for FY 2026 as it executes against its strategy". 🚧Somewhat ominously, it pauses its buyback, citing a need to "to focus on deleveraging in FY 2027", referring to its growing debt pile & 1.6x leverage (at Interims).

010

James @1james1n1.bsky.social · 30/09/2026

#MRK.L - 1H TU ➡️Revenue "broadly in line with market expectations" - so a bit below. ✅However, due to cost management & margin expansion, "the Board now expects [FY adj BS Earnings] to be ahead of market expectations, at no less than £3.75 million for FY27", so perhaps as much as £2m actual PBT.

001

James @1james1n1.bsky.social · 29/09/2026

#PAY.L - Capital Markets Day ❌The share price today will guide whether the company drums up any excitement among its shamefully restricted group of invitees to the Capital Markets Day.

040

James @1james1n1.bsky.social · 29/09/2026

#BILN.L - Interims ✅1H Rev up 29.1%, PBT up 70.1%. ✅Profit driven by a "focus on larger, more complex projects" plus operational efficiencies. ✅"excellent visibility into 2027 and, for certain projects, into 2028" & "a significant pipeline of further opportunities"

010

James @1james1n1.bsky.social · 29/09/2026

#TRB.L - Offer ➡️Rival bidder holding 26.19% of shares seeks to gate-crash the existing bid & offers 111p cash per share, a 5.7% premium to the existing bid. ➡️Calls on the board to adjourn the GM to vote on the existing offer so shareholders can consider its higher offer.

020

James @1james1n1.bsky.social · 29/09/2026

#MTEC.L - Finals ✅Rev up 26.8%, PBT up 141%, cash up 40%. ➡️Contracted backlog reduces a shade to £83.5m ✅New year started well - "We have carried that momentum into FY27" & "we enter FY27 with confidence" ✅"strong revenue visibility for FY27" - 1H FY27 to be strongest half-year bookings performance

230

James @1james1n1.bsky.social · 29/09/2026

#CARD.L - Interims ➡️1H Rev up 5.3%, adj PBT down 3.8%, divi up 7.7%. ➡️Leverage moderate at 1.1x. ➡️Notes contribution from Funky Pogeon, but also "investment in digital & the international businesses" ➡️Good progress in Q3 & "confident in expectations for Adjusted PBT in FY27". ➡️2H weighting for Xmas

060

James @1james1n1.bsky.social · 28/09/2026

#LIKE - Interims ✅1H Rev up 15.4%, GM's up 80 pts, adj PBT up 79.5%, divi up 20%. ✅Trading strong in 1H, but has accelerated in Q3 with Rev up 29.1%. ✅"the Board now expects [adj PBT for FY26] to be materially ahead of current market expectations at not less than £5.0m"

030

James @1james1n1.bsky.social · 28/09/2026

#EDEN.L - Update Has the good grace to try and pretent it is not simply burning OPM in this director lifestyle company, while it limbers up for the inevitable next cash raise.

020

James @1james1n1.bsky.social · 28/09/2026

#CCT.L - TU ✅"the Board now expects the Group's [adj PBT] for FY26 to exceed current market expectations by approximately 20%" ✅Solid end to the FY with flat Revenue, but improved GM's. ✅Sale of warehouse netted £9.8m - Board assessing capital requirments & potential cash return. ➡️Positive outlook.

010

James @1james1n1.bsky.social · 28/09/2026

#TRB.L - Increase in price ✅Chunky increase in price of Recommended Acquisition from £189.3m to £231.2m, with 105p on the table for the business. ✅A 66.7p premium to the price the day before the offer was announced.

010

James @1james1n1.bsky.social · 28/09/2026

#CKT.L - Termination of Formal Sale Process (FSP) ➡️Terminates FSP as no bidder can see the sums make sense to pay 30p+ for the loss making company. ➡️Bids received at 22p, 25p & 31-33p, but final bidder walked. ➡️Company terminates sale process & can see "a clear pathway to disciplined growth."

000

James @1james1n1.bsky.social · 25/09/2026

#CRU.L - Board Changes & TU I see an intra-day update y'day: ⚠️CEO & CFO leave the board "with immediate effect." CFO to remain in role & CEO an employee. 🚧"market conditions remain challenging" 🚧Profitability "significantly below budget" & below PY. ⚠️FY26 (Y/E April) Finals due.

000

James @1james1n1.bsky.social · 25/09/2026

#BGO.L - Interims ➡️Rev up 3% & despite talk about BS Earnings, its another LBT of $937k. ⚠️Cautions that Payments restructuing "may result in a low-single-digit variation in reported revenue" ➡️Reckons its "in line with full year market expectations". ➡️Canaccord cuts TP to 160p (from 181p).

010

James @1james1n1.bsky.social · 25/09/2026

#HWG.L - Final Offer ➡️Final cash offer of 187p / share unless someone else comes along offering more. ➡️With an agreed purchase of shares also close to completion, it will have 52.1% of shares in its hands or committed to the offer. ➡️Board declare offer "fair and reasonable" & recommend.

030

James @1james1n1.bsky.social · 24/09/2026

#TBLD.L - Interims ➡️1H Rev up 18%, PBT down 70%, net cash stable at $6.4m. ➡️New release revenue pushes proportion of income from back catalogues down. New games announced in period & post period end. ✅Raises FY guidance - "on track to deliver FY results ahead of expectations."

120

James @1james1n1.bsky.social · 24/09/2026

#RPI.L - Interims ✅1H Rev up 90%, PBT up 216%, EPS up 217%. ➡️Cash at $18.4m as inventories rocket 🚀 up $117.2m. ✅Average selling prices up 41% in 1H. ✅Guides for unit volumes to be up in 2H, supported by order backlogs & demand. ✅FY BS Earnings "to be ahead of market consensus."

020

James @1james1n1.bsky.social · 24/09/2026

#SYS1.L - TU Comes out fighting vs #BBSN.L with a guidance raise: ✅Guidance raise: "an increase in FY guidance in relation to adj PBT for FY27 from £4.2m to £5.0m" ✅Reports adj PBT for 5 months YTD of £2.1m which compares to FY profits for FY26 of £2.2m. ➡️Revenue to remain at consensus.

030

James @1james1n1.bsky.social · 24/09/2026

#HLMA.L - 1H TU ➡️reports "strong progress" in the 1H and raises FY guidance. ✅"Adjusted EBIT margin in FY27 is now expected to be in the range of 23.5% to 24%" (vs prior guidance of c22.7%) ➡️Revenue to see "low double-digit percentage organic constant currency revenue growth" ➡️Solid order intake.

030

James @1james1n1.bsky.social · 22/09/2026

#SAA.L - Interims ➡️Rev down 2.7%, modest adjusted PBT, net cash of £2.5m. ➡️Trading progressively improving into year. ➡️"we are confident in delivering LFL net revenue and operating profit growth for the full year 2026, in line with market expectations" An interesting one to keey an 👀on imo.

050

James @1james1n1.bsky.social · 22/09/2026

#SYME.L - Delay to concert performance Company continue to pursue the fallacy that they will publish delayed accounts and so effectively announce a delay to the timing of the good lady's concert performance. She is gargling in the wings and performing vocal exercises ready to take centre stage.

static.klipy.com

The Fat Lady Sings in Harry Potter

ALT: The Fat Lady Sings in Harry Potter

140

James @1james1n1.bsky.social · 22/09/2026

#BPM.L - TU ➡️Reports "continued portfolio growth and strong underlying performance" for 1H FY27 ➡️3 new investments made during the period & 1 follow-on funding. ➡️Lots of new investment opps arising. ➡️New share buyback launched - tends to be modest imo.

040

James @1james1n1.bsky.social · 21/09/2026

Canaccord say " on under 10x 2026E P/E vs compounder peers above 20x, we think the market is pricing #ELIX as a business structurally challenged by AI, rather than one built around AI and well-placed to sustainably benefit from it. We maintain BUY and a 1,275p target"

010

James @1james1n1.bsky.social · 21/09/2026

#CRW.L - Finals ➡️Flat Rev, PBT up 7%, flat EPS & divi. ➡️Cyber attack contained, systems secure & fully operational. ⚠️Warns for FY27 that Rev expectation set to $185m (consensus $222m). Return to growth in FY28. 🪓"A comprehensive review of the cost base has been initiated" ➡️Expects stronger H2 FY27.

030

James @1james1n1.bsky.social · 21/09/2026

#ELIX.L - Interims ✅1H Rev up 25%, PBT up 25%, adj EPS up 18%. ➡️Focussing on higher margin projects. ➡️Making "investments now" to benefit future years. ➡️"confidence that total adj EBITDA for FY 26 will be in line with market expectations and revenue will be broadly in line."

180

James @1james1n1.bsky.social · 18/09/2026

#NESN - Nestle ➡️After staying in Russia under the highly spurious excuse of supplying so called essential food products (incl. sugary crap) to the Russian population, Nestle finds out how much Russia values this stance. ➡️Similar decrees have resulted in fire sales of assets at knock down prices.

030

James @1james1n1.bsky.social · 18/09/2026

#DNM.L - Cash Acquisition ✅Agreed cash acquisition for 64p + up to 24p contingent consideration. ✅Premium of 68% for initial price and up to 132% based on maximum consideration.

010

James @1james1n1.bsky.social · 17/09/2026

#VCP.L - TU & Refinancing ➡️Reckons recovery continues with a 4% increase in Rev YTD. Claims it would have been higher, but for a business relocation. ➡️Focussed on profit improvement & liquidity management, the latter in part via sale of property & assets. ➡️Refinancing underway.

031

James @1james1n1.bsky.social · 17/09/2026

#BYIT.L - 1H TU ✅Solid 1H with Gross Rev up 19%, GM up 18% & op profit up 6%. ✅In rather obtuse language, the company upgrades for the FY saying, "the Board now expects Gross Profit growth for the FY in the low to mid-teens, with low to mid single-digit Operating Profit growth"

040

James @1james1n1.bsky.social · 17/09/2026

#REVB.L - TU ✅Overall, [unstated ❌] guidance is raised: "the Board considers that the Group is trading comfortably ahead of market expectations" ➡️Flat revenue, but improved margins up 10+ percentage points. ➡️Expects BS Earnings to be £2m+ vs PY negative of £12.5m. ➡️2H weighting due to seasonality.

010

James @1james1n1.bsky.social · 17/09/2026

#BILN.L - Contract Wins ✅Wins contracts worth £42m with delivery primarily in 2027 and also partially in 2028. ✅"awards add significantly to our now record order book and provide excellent visibility through 2027 and into 2028"

020

James @1james1n1.bsky.social · 16/09/2026

#CRTA.L - Interims ❌Rev down 70%, LBT of $3.5m, cash down to $2.6m. ⚠️Warns that deals may close after YE which "may delay the Company’s ambition to be cash flow breakeven" ➡️Raised further funds in July from punters wishing to send their cash or OPM to money heaven.

030

James @1james1n1.bsky.social · 16/09/2026

#ADF.L - Interims ➡️Rev down 4.6%, LBT of £3.3m, net debt up to £14.5m. ➡️Guides on a 2H weighting, but adds caution on Q4 pipeline. ⚠️Outlook: "management now expects FY results to be below current market expectations." ➡️Sees signs of green shoots: "that market sentiment for 2027 is improving"

020

James @1james1n1.bsky.social · 16/09/2026

#TUNE.L - TU ➡️1H Rev up 3%, with operating profit up and strong cash generation. ➡️£2.3m of US tariff refunds received in period - adjusting item. ➡️1H weighting - as previously guided. ➡️Net debt down to £2m - benefits from tariff refunds. ➡️Outlook: "expectations for FY27 remain unchanged".

010

James @1james1n1.bsky.social · 16/09/2026

#CTA.L - Interims ➡️Rev up 14%, adj PBT down 57%, net debt up 6%. ➡️Revenue growth from conversion of contract wins into production. ➡️Costs rose due to supply chain disruption. ➡️Cites contractual dispute regarding price increases. ⚠️Revised FY adj PBT guidance of $4.9m - $9.4m.

130

James @1james1n1.bsky.social · 15/09/2026

#ACSO.L - Interims ➡️Rev down 0.2%, PBT of $0.3m, down 85%. ➡️Net cash down 71% to $7.3m (tender offer & buybacks) ⚠️Recent trading has been "broadly in line with the Board’s expectations" ➡️But "commercial momentum has continued in Q3" ➡️"outlook for FY26 remains unchanged"

030

James @1james1n1.bsky.social · 15/09/2026

#MPAC.L - Interims ➡️Rev down 2.3%, LBT of £0.5m, net debt of £54.0m. ➡️Order intake looks positive, up 42.8% vs PY, but it also mentions that " global customer decision making remains slow" & that "The timing of a broader market recovery remains uncertain" ➡️The usual highly questionable adjustments.

030

James @1james1n1.bsky.social · 15/09/2026

#PGH.L - Interims ✅Rev up 10%, PBT up 21%, EPS up 28%, divi up 10%. ✅Debt free & cash of £29.4m at half-year. ➡️Outlook: "confident in delivering results in line with market expectations for the FY.” ➡️Q3 in line with expectations, growing recurring revenues. ➡️Strong new insurance sales continuing.

030

James @1james1n1.bsky.social · 14/09/2026

#ARC.L - Finals ➡️Rev down 11.5%, not so recurring revenues down 4.7%, PBT down 12.8%. ➡️Net cash up 1.7%, divi flat. ➡️Reports some contract wins of uncertain magnitude. ➡️Looking at bolton acquisitions. Given c70% of Market Cap is cash, this remains a punt on wise use of cash funds.

030

James @1james1n1.bsky.social · 14/09/2026

#CER.L - TU ⚠️2H weighting will not be delivered. ⚠️"it is now apparent to the Board that the year's outturn will be behind consensus market forecasts" ⚠️Rev c11% below consensus & BS Earnings look to be c13% below ⚠️Delayed or deferred orders cited as root cause. ➡️Order book strong.

150

James @1james1n1.bsky.social · 14/09/2026

#BBSN.L - Offer ➡️As reported in the papers over the w/e, #BBSN raises its (still ungenerous) offer today for #SYS1 to 360p, being a composite of 135p cash & 2,394 shares. ➡️21% above pre-offer price. ➡️Notes #SYS1 forecasts show estmated growth of 5% on Rev & profits below FY25 levels.

040

James @1james1n1.bsky.social · 11/09/2026

#TRN.L - TU & Buyback ➡️Indebted company announces a new £100m buyback. ➡️Reports flat ticket sales and Rev for 1H. ➡️1H BS Earnings as a percent of Rev to be slightly up on PY. ➡️Outlook: Reconfirms guidance. ➡️CMA investigation in progress & continuing.

040

James @1james1n1.bsky.social · 11/09/2026

#LPA.L - TU ✅Raises guidance & "adjusted earnings for FY26 are now expected to be ahead of current market expectations" ✅Further, due to customer change requests, it will book some exceptional income arising from an accelerated customer payment. ➡️FY27 guidance unchanged. ✅Momentum from 1H into 2H.

011

James @1james1n1.bsky.social · 10/09/2026

#CURY.L - TU ➡️Hails a "Strong start to the year" & notes that it is "Planning confidently for the remainder of the year". ➡️Keeps guidance unchanged - "comfortable" with consensus, ✅Guides net cash "to finish well above our £100m target" ➡️Targeting higher margin growth & services Rev.

020