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Two obvious questions: (1) were the results encouraging at all for Asos shareholders? (this morning's share price rise has almost disappeared, having been sold into) and (2) is there a read across for Boohoo? (share price here says not really).

Any views?

I see SCE has been around a while - it's not a 3-year wonder like Saietta was - but I don't think it has ever made a profit in all of that time. Are we talking about a zombie company here? One unable to survive without regular infusions of cash? Well, in this macro climate the party's over. Today's share price reaction says the market has totally lost trust in management's ability to deliver. Not a good vibe. I'm starting to doubt management can turn it around.

Reasonable update, but of course the market gives no credit and the sp falls...

Only a 10% reduction in net debt is perhaps a tad disappointing.

RNS today informing us that Rockwood top-sliced a few. Inexplicable at these prices - they must've taken a loss - unless they know something we don't....?

Link to the Deutsche Bank upgrade? How can their analysis be so at odds with the market? Are they the house broker??

More than POLX has got. Company needs to be self-sustaining on a cash basis. Until then, dicey.

Word!

Down 40% in a week on no news. That's half the profits I made on this company earlier in the year wiped out already. What fun it is to invest in pre-profitable biotechs these days.....

Gotta say, the indiscriminate trashing of share prices on AIM is a heck of a worry. For all of these companies, why bother paying a subscription to be on a public market if no-one wants your shares and you can't raise finance except at silly prices, while there's a wall of money looking for interesting companies waiting in the wings in the private sphere?

Not good.

(Note to self: don't touch sub £200m, regardless of the story, until things change).

Will the Alliances stitch a deal up with Frasers and take the company private? Together, they could do it at a stroke of a pen. Wondering if that's what the market is pricing in?

Ok, thanks. Well, it isn't having the required effect on the share price. Perhaps they need to make it more meaningful! If enough shares are purchased and cancelled, earnings per share will rise strongly and eventually the market will wake up. I'm a big believer in buybacks, esp right now.

Yes petrencf, once they get net debt down they should initiate buybacks because nothing spooks shorters more than a meaningful buyback programme.

A buy-in at 50p? Equally optimistic!

A fund raise at 50p? Incredibly optimistic!

Ok, well that's not very good. Surely they can't pull the same stunt a 2nd time, but we'll see. Popcorn out on the 25th...

I, for one, will be watching with great interest the Investor Meet Company presentation on the 25th, especially the Q&A. I guess it won't be a comfortable one. Will be looking out for commentary on cash reserves, burn rate, funding and the AIM market.

(Alliance News) - "WPP PLC late Tuesday announced a partnership deal with Alphabet Inc that will see Google’s Gemini models integrated with WPP Open, its artificial intelligence powered marketing operating system.

Shares in WPP rose 2.8% to 771.92 pence each in London on Wednesday morning. The wider FTSE 100 was up 0.6%.

WPP, the London-based advertising firm, called the partnership "groundbreaking," explaining the pact will combine Google's expertise in data analytics, generative AI technology and cyber security with WPP's end-to-end marketing capabilities."

I'd call that a good news day.

Yes, one can see that Randall is itching to get net debt down so that he can resume splashing the cash on M&A again. Makes me nervous. Buy & build is such a tricky strategy - full of pitfalls. Some managements are good at it, but not many.

I think so. No big nasties and seemingly aligned with market expectations for once.

Well, well, well, THG's full year results day and the share price doesn't move.... surely that's a first!

Ah, I take your point. Well, I no longer have to worry about such things as these days all my investments are within tax free wrappers. My shares are worth circa £60, less £6 barclays commission if I sold them.... nah, not worth it, I'll take a chance on the paper certificates.