Flagged for pre-raise today. Tone trajectory is deteriorating (broadly_in_line → ahead → in_line → in_line); last update 2026-03-24. Next results expected in 11 days (2026-05-25); the earnings model leans ahead (43% confidence). Macro backdrop: recovery.
| Signal / Date | Status | Detail | Indicator |
|---|---|---|---|
| Composite signals | |||
| Multi-channel | Not flagged | Mixed signals — not flagged on either side. 2 of 4 channels active. 1 of 2 channels in agreement | tone 55.0 · broker -100.0 · director — · sector 25.5 |
| Tone trajectory | deteriorating | Tone has been deteriorating. most recent 2026-03-24 · 8 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 2.3 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 2.3/1k words (7 hits in 5 scannable docs)2026-03-27: "…fully we'll be a disruptor uh instead of instead of gett…2026-03-27: "…mpanies, but I thought the opportunity sounded a little …2026-03-27: "…games drove a 700% increase in new new release revenues.… | |
| Narrative drift | Stable | Narrative consistent with historical baseline. | |
| Forward catalyst | |||
| Upcoming results | Predicted ahead | Next results expected in 11 days (2026-05-25). Model leans ahead of consensus. 21% below · 36% inline · 43% ahead · 43% model confidence · calendar low | |
| Broker actions — last 90 days (7) | |||
| 2026-03-31 | reiteration | JefferiesBuy | 380p(was 440) |
| 2026-03-30 | reiteration | RBC Capital MarketsOutperform | 455p |
| 2026-03-30 | target_cut | JEFFERIESbuy | 380p(was 440) |
| 2026-03-26 | reiteration | Berenberg BankBuy | 370p(was 450) |
| 2026-03-26 | target_cut | BERENBERGbuy | 370p(was 450) |
| 2026-03-26 | target_cut | BARCLAYSoverweight | 330p(was 425) |
| 2026-03-24 | reiteration | Shore CapitalBuy | — |
| Director deals — last 90 days | |||
| — | None | No director deals in the last 90 days. | |
| Backdrop | |||
| UK macro regime | recovery | UK cycle classification: recovery (76% confidence). | See macro indicators → |
Mixed signals — not flagged on either side. 2 of 4 channels active.
1 of 2 channels in agreement
Tone has been deteriorating.
most recent 2026-03-24 · 8 statements in last 180d
Not flagged for distress.
Active hype-language pattern — historically precedes equity raises (1.32× baseline).
Hype-language density 2.3 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.
Next results expected in 11 days (2026-05-25). Model leans ahead of consensus.
21% below · 36% inline · 43% ahead · 43% model confidence · calendar low
JefferiesBuy
RBC Capital MarketsOutperform
JEFFERIESbuy
Berenberg BankBuy
BERENBERGbuy
BARCLAYSoverweight
Shore CapitalBuy
No director deals in the last 90 days.
Flagged for pre-raise today. Tone trajectory is deteriorating (broadly_in_line → ahead → in_line → in_line); last update 2026-03-24. Next results expected in 11 days (2026-05-25); the earnings model leans ahead (43% confidence). Macro backdrop: recovery.
| Signal / Date | Status | Detail | Indicator |
|---|---|---|---|
| Composite signals | |||
| Multi-channel | Not flagged | Mixed signals — not flagged on either side. 2 of 4 channels active. 1 of 2 channels in agreement | tone 55.0 · broker -100.0 · director — · sector 25.5 |
| Tone trajectory | deteriorating | Tone has been deteriorating. most recent 2026-03-24 · 8 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 2.3 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 2.3/1k words (7 hits in 5 scannable docs)2026-03-27: "…fully we'll be a disruptor uh instead of instead of gett…2026-03-27: "…mpanies, but I thought the opportunity sounded a little …2026-03-27: "…games drove a 700% increase in new new release revenues.… | |
| Narrative drift | Stable | Narrative consistent with historical baseline. | |
| Forward catalyst | |||
| Upcoming results | Predicted ahead | Next results expected in 11 days (2026-05-25). Model leans ahead of consensus. 21% below · 36% inline · 43% ahead · 43% model confidence · calendar low | |
| Broker actions — last 90 days (7) | |||
| 2026-03-31 | reiteration | JefferiesBuy | 380p(was 440) |
| 2026-03-30 | reiteration | RBC Capital MarketsOutperform | 455p |
| 2026-03-30 | target_cut | JEFFERIESbuy | 380p(was 440) |
| 2026-03-26 | reiteration | Berenberg BankBuy | 370p(was 450) |
| 2026-03-26 | target_cut | BERENBERGbuy | 370p(was 450) |
| 2026-03-26 | target_cut | BARCLAYSoverweight | 330p(was 425) |
| 2026-03-24 | reiteration | Shore CapitalBuy | — |
| Director deals — last 90 days | |||
| — | None | No director deals in the last 90 days. | |
| Backdrop | |||
| UK macro regime | recovery | UK cycle classification: recovery (76% confidence). | See macro indicators → |
Mixed signals — not flagged on either side. 2 of 4 channels active.
1 of 2 channels in agreement
Tone has been deteriorating.
most recent 2026-03-24 · 8 statements in last 180d
Not flagged for distress.
Active hype-language pattern — historically precedes equity raises (1.32× baseline).
Hype-language density 2.3 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.
Next results expected in 11 days (2026-05-25). Model leans ahead of consensus.
21% below · 36% inline · 43% ahead · 43% model confidence · calendar low
JefferiesBuy
RBC Capital MarketsOutperform
JEFFERIESbuy
Berenberg BankBuy
BERENBERGbuy
BARCLAYSoverweight
Shore CapitalBuy
No director deals in the last 90 days.
