Costain Warns on Ful Year Revenues as Contract Delays Bite: Shares Crash

By | 28th June 2019

Shares in maintenance provider Costain (LON:COST) have sunk almost 40% in early trading today after the company issued an update which warned that revenues and underlying profits this year will be below previous expectations owing to contract delays. The share price reaction was large, and an already cheap share has gotten even cheaper: The contracting… Read More »

Tough Second Quarter Sees Airea Shares Floored by 30%

By | 27th June 2019

Shares in commercial flooring specialist Airea (LON:AIEA) slumped by as much as 30% as the company issued a profit warning after a tough second quarter impacted sales. The share price reaction was large and instant: The share price has been choppy here, but longer-term holders would still have done well out of this. Even considering… Read More »

Mycelx Technologies Shares Drop 40% As Project Delays Eat into Profits

By | 14th June 2019

Clean water technology pioneers Mycelx Technologies (LON:MYX) today have slumped by over 40% as the latest trading update has revealed that many project bids have over-run and hence will not be delivered to next year. The share price reaction was unforgiving: This is an share with not much liquidity, and any share price moves have… Read More »