Multiple signals firing — flagged for distress, pre-raise. Worth a closer look. Tone trajectory is stable ( → → → ); last update 2026-03-25. Macro backdrop: recovery.
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Multiple signals firing — flagged for distress, pre-raise. Worth a closer look. Tone trajectory is stable ( → → → ); last update 2026-03-25. Macro backdrop: recovery.
| Signal / Date | Status | Detail | Indicator |
|---|---|---|---|
| Composite signals | |||
| Multi-channel | Not flagged | Mixed signals — not flagged on either side. 1 of 4 channels active. 1 of 1 channels in agreement | tone 0.0 · broker — · director — · sector 33.3 |
| Tone trajectory | stable | Tone has been stable. most recent 2026-03-25 · 9 statements in last 180d | |
| Distress | Flagged | Distress flagged. Archetype: mature_profitable. AR 2025 §Going concern: "…are the financial statements on a going conc…AR 2025 §Going concern: "…a going concern basis. However, there remain… | |
| Pre-raise | Flagged | Active hype-language pattern — historically precedes equity raises (1.32× baseline). Hype-language density 1.6 per 1k words across recent disclosures. RNS cadence alone isn't a signal — buybacks and routine reporting can dominate; this measures language patterns, not announcement count. hype density 1.6/1k words (5 hits in 2 scannable docs)2026-03-30: "…reagents that we've already been licensing could really …2026-03-30: "…that. And the the output of this really is looking to be…2026-03-30: "…gand therapy market, totaling 360,000. Uh this contract … | |
| Narrative drift | Stable | Narrative consistent with historical baseline. | |
| Broker actions — last 90 days | |||
| — | None | No broker rating changes in the last 90 days. | |
| Director deals — last 90 days | |||
| — | None | No director deals in the last 90 days. | |
| Backdrop | |||
| UK macro regime | recovery | UK cycle classification: recovery (78% confidence). | See macro indicators → |
Mixed signals — not flagged on either side. 1 of 4 channels active.
1 of 1 channels in agreement
Tone has been stable.
most recent 2026-03-25 · 9 statements in last 180d
Distress flagged.
Archetype: mature_profitable.
Active hype-language pattern — historically precedes equity raises (1.32× baseline).
Hype-language density 1.6 per 1k words across recent disclosures. RNS cadence alone isn't a signal — buybacks and routine reporting can dominate; this measures language patterns, not announcement count.
Narrative consistent with historical baseline.
No broker rating changes in the last 90 days.
No director deals in the last 90 days.
Multiple signals firing — flagged for distress, pre-raise. Worth a closer look. Tone trajectory is stable ( → → → ); last update 2026-03-25. Macro backdrop: recovery.
| Signal / Date | Status | Detail | Indicator |
|---|---|---|---|
| Composite signals | |||
| Multi-channel | Not flagged | Mixed signals — not flagged on either side. 1 of 4 channels active. 1 of 1 channels in agreement | tone 0.0 · broker — · director — · sector 33.3 |
| Tone trajectory | stable | Tone has been stable. most recent 2026-03-25 · 9 statements in last 180d | |
| Distress | Flagged | Distress flagged. Archetype: mature_profitable. AR 2025 §Going concern: "…are the financial statements on a going conc…AR 2025 §Going concern: "…a going concern basis. However, there remain… | |
| Pre-raise | Flagged | Active hype-language pattern — historically precedes equity raises (1.32× baseline). Hype-language density 1.6 per 1k words across recent disclosures. RNS cadence alone isn't a signal — buybacks and routine reporting can dominate; this measures language patterns, not announcement count. hype density 1.6/1k words (5 hits in 2 scannable docs)2026-03-30: "…reagents that we've already been licensing could really …2026-03-30: "…that. And the the output of this really is looking to be…2026-03-30: "…gand therapy market, totaling 360,000. Uh this contract … | |
| Narrative drift | Stable | Narrative consistent with historical baseline. | |
| Broker actions — last 90 days | |||
| — | None | No broker rating changes in the last 90 days. | |
| Director deals — last 90 days | |||
| — | None | No director deals in the last 90 days. | |
| Backdrop | |||
| UK macro regime | recovery | UK cycle classification: recovery (78% confidence). | See macro indicators → |
Mixed signals — not flagged on either side. 1 of 4 channels active.
1 of 1 channels in agreement
Tone has been stable.
most recent 2026-03-25 · 9 statements in last 180d
Distress flagged.
Archetype: mature_profitable.
Active hype-language pattern — historically precedes equity raises (1.32× baseline).
Hype-language density 1.6 per 1k words across recent disclosures. RNS cadence alone isn't a signal — buybacks and routine reporting can dominate; this measures language patterns, not announcement count.
Narrative consistent with historical baseline.
No broker rating changes in the last 90 days.
No director deals in the last 90 days.