Multiple signals firing — flagged for pre-raise, narrative drift. Worth a closer look. Tone trajectory is stable ( → → → ); last update 2026-03-19. Macro backdrop: recovery.
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Multiple signals firing — flagged for pre-raise, narrative drift. Worth a closer look. Tone trajectory is stable ( → → → ); last update 2026-03-19. Macro backdrop: recovery.
| Signal / Date | Status | Detail | Indicator |
|---|---|---|---|
| Composite signals | |||
| Multi-channel | Not flagged | Mixed signals — not flagged on either side. 4 of 4 channels active. 3 of 4 channels in agreement | tone 33.0 · broker 0.0 · director 2.5 · sector 22.0 |
| Tone trajectory | stable | Tone has been stable. most recent 2026-03-19 · 10 statements in last 180d | |
| Distress | Not flagged | Not flagged for distress. | |
| Pre-raise | Flagged | Active hype-language pattern — historically precedes equity raises (1.32× baseline). Hype-language density 1.4 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 1.4/1k words (5 hits in 61 scannable docs)2026-03-25: "…roach to acquisitions with a very clear strategic fit an…2026-03-25: "…ecently refinanced debt facility. The business is theref…2026-03-25: "…reported, but we're confident that the revised timeline … | |
| Narrative drift | Drifted | Narrative has drifted significantly from this company's historical baseline (2.0σ). Recent disclosures sit 2.0 standard deviations from this company's own historical narrative (3 recent vs 51 historical announcements compared). narrative drifted 2.0σ (mild)recent-vs-historical cosine 0.84 | |
| Broker actions — last 90 days (1) | |||
| 2026-03-19 | reiteration | Berenberg BankBuy | 240p |
| Director deals — last 90 days (2; 2 purchases) | |||
| 2026-03-23 | Purchase | Will Truman24,519 shares | £3 |
| 2026-03-19 | Purchase | Derek Mapp17,589 shares | £2 |
| Backdrop | |||
| UK macro regime | recovery | UK cycle classification: recovery (78% confidence). | See macro indicators → |
Mixed signals — not flagged on either side. 4 of 4 channels active.
3 of 4 channels in agreement
Tone has been stable.
most recent 2026-03-19 · 10 statements in last 180d
Not flagged for distress.
Active hype-language pattern — historically precedes equity raises (1.32× baseline).
Hype-language density 1.4 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 has drifted significantly from this company's historical baseline (2.0σ).
Recent disclosures sit 2.0 standard deviations from this company's own historical narrative (3 recent vs 51 historical announcements compared).
Berenberg BankBuy
Will Truman24,519 shares
Derek Mapp17,589 shares
Multiple signals firing — flagged for pre-raise, narrative drift. Worth a closer look. Tone trajectory is stable ( → → → ); last update 2026-03-19. Macro backdrop: recovery.
| Signal / Date | Status | Detail | Indicator |
|---|---|---|---|
| Composite signals | |||
| Multi-channel | Not flagged | Mixed signals — not flagged on either side. 4 of 4 channels active. 3 of 4 channels in agreement | tone 33.0 · broker 0.0 · director 2.5 · sector 22.0 |
| Tone trajectory | stable | Tone has been stable. most recent 2026-03-19 · 10 statements in last 180d | |
| Distress | Not flagged | Not flagged for distress. | |
| Pre-raise | Flagged | Active hype-language pattern — historically precedes equity raises (1.32× baseline). Hype-language density 1.4 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 1.4/1k words (5 hits in 61 scannable docs)2026-03-25: "…roach to acquisitions with a very clear strategic fit an…2026-03-25: "…ecently refinanced debt facility. The business is theref…2026-03-25: "…reported, but we're confident that the revised timeline … | |
| Narrative drift | Drifted | Narrative has drifted significantly from this company's historical baseline (2.0σ). Recent disclosures sit 2.0 standard deviations from this company's own historical narrative (3 recent vs 51 historical announcements compared). narrative drifted 2.0σ (mild)recent-vs-historical cosine 0.84 | |
| Broker actions — last 90 days (1) | |||
| 2026-03-19 | reiteration | Berenberg BankBuy | 240p |
| Director deals — last 90 days (2; 2 purchases) | |||
| 2026-03-23 | Purchase | Will Truman24,519 shares | £3 |
| 2026-03-19 | Purchase | Derek Mapp17,589 shares | £2 |
| Backdrop | |||
| UK macro regime | recovery | UK cycle classification: recovery (78% confidence). | See macro indicators → |
Mixed signals — not flagged on either side. 4 of 4 channels active.
3 of 4 channels in agreement
Tone has been stable.
most recent 2026-03-19 · 10 statements in last 180d
Not flagged for distress.
Active hype-language pattern — historically precedes equity raises (1.32× baseline).
Hype-language density 1.4 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 has drifted significantly from this company's historical baseline (2.0σ).
Recent disclosures sit 2.0 standard deviations from this company's own historical narrative (3 recent vs 51 historical announcements compared).
Berenberg BankBuy
Will Truman24,519 shares
Derek Mapp17,589 shares