Mixed signals — flagged for pre-raise, but forward-looking tone is also improving across 3 corroborating channels. Tone trajectory is stable ( → → materially_ahead → ahead); last update 2026-02-19. Next results expected in 22 days (2026-05-28); the earnings model leans ahead (57% confidence). Macro backdrop: recovery.
| Signal / Date | Status | Detail | Indicator |
|---|---|---|---|
| Composite signals | |||
| Multi-channel | Improver flagged | Tone improving across multiple channels — flagged improver in MAIN_MARKET. 2 of 3 channels in agreement | tone 80.0 · broker — · director -18.0 · sector 42.7 |
| Tone trajectory | stable | Tone has been stable. most recent 2026-02-19 · 15 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 0.0 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. 10.7 RNS/month | |
| Narrative drift | Stable | Narrative consistent with historical baseline. | |
| Forward catalyst | |||
| Upcoming results | Predicted ahead | Next results expected in 22 days (2026-05-28). Model leans ahead of consensus. 18% below · 25% inline · 57% ahead · 57% model confidence · calendar low | |
| Broker actions — last 90 days | |||
| — | None | No broker rating changes in the last 90 days. | |
| Director deals — last 90 days (9; 1 purchase / 8 sales) | |||
| 2026-03-26 | Sale | Russell Hallbauer100,000 shares | £46 |
| 2026-03-09 | Sale | Russell Hallbauer30,000 shares | £17 |
| 2026-03-09 | Purchase | Peter Mitchell12,366 shares | £8 |
| 2026-03-09 | Sale | Rob Rotzinger11,800 shares | £8 |
| 2026-03-05 | Sale | Richard Weymark322,000 shares | £199 |
| 2026-03-05 | Sale | Trevor Thomas72,000 shares | £47 |
| 2026-03-03 | Sale | Richard Tremblay210,000 shares | £144 |
| 2026-02-27 | Sale | Russell Hallbauer222,200 shares | £126 |
| 2026-02-27 | Sale | Sean Magee322,000 shares | £201 |
| Backdrop | |||
| UK macro regime | recovery | UK cycle classification: recovery (78% confidence). | See macro indicators → |
Tone improving across multiple channels — flagged improver in MAIN_MARKET.
2 of 3 channels in agreement
Tone has been stable.
most recent 2026-02-19 · 15 statements in last 180d
Not flagged for distress.
Active hype-language pattern — historically precedes equity raises (1.32× baseline).
Hype-language density 0.0 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 22 days (2026-05-28). Model leans ahead of consensus.
18% below · 25% inline · 57% ahead · 57% model confidence · calendar low
No broker rating changes in the last 90 days.
Russell Hallbauer100,000 shares
Russell Hallbauer30,000 shares
Peter Mitchell12,366 shares
Rob Rotzinger11,800 shares
Richard Weymark322,000 shares
Trevor Thomas72,000 shares
Richard Tremblay210,000 shares
Russell Hallbauer222,200 shares
Sean Magee322,000 shares
Mixed signals — flagged for pre-raise, but forward-looking tone is also improving across 3 corroborating channels. Tone trajectory is stable ( → → materially_ahead → ahead); last update 2026-02-19. Next results expected in 22 days (2026-05-28); the earnings model leans ahead (57% confidence). Macro backdrop: recovery.
| Signal / Date | Status | Detail | Indicator |
|---|---|---|---|
| Composite signals | |||
| Multi-channel | Improver flagged | Tone improving across multiple channels — flagged improver in MAIN_MARKET. 2 of 3 channels in agreement | tone 80.0 · broker — · director -18.0 · sector 42.7 |
| Tone trajectory | stable | Tone has been stable. most recent 2026-02-19 · 15 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 0.0 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. 10.7 RNS/month | |
| Narrative drift | Stable | Narrative consistent with historical baseline. | |
| Forward catalyst | |||
| Upcoming results | Predicted ahead | Next results expected in 22 days (2026-05-28). Model leans ahead of consensus. 18% below · 25% inline · 57% ahead · 57% model confidence · calendar low | |
| Broker actions — last 90 days | |||
| — | None | No broker rating changes in the last 90 days. | |
| Director deals — last 90 days (9; 1 purchase / 8 sales) | |||
| 2026-03-26 | Sale | Russell Hallbauer100,000 shares | £46 |
| 2026-03-09 | Sale | Russell Hallbauer30,000 shares | £17 |
| 2026-03-09 | Purchase | Peter Mitchell12,366 shares | £8 |
| 2026-03-09 | Sale | Rob Rotzinger11,800 shares | £8 |
| 2026-03-05 | Sale | Richard Weymark322,000 shares | £199 |
| 2026-03-05 | Sale | Trevor Thomas72,000 shares | £47 |
| 2026-03-03 | Sale | Richard Tremblay210,000 shares | £144 |
| 2026-02-27 | Sale | Russell Hallbauer222,200 shares | £126 |
| 2026-02-27 | Sale | Sean Magee322,000 shares | £201 |
| Backdrop | |||
| UK macro regime | recovery | UK cycle classification: recovery (78% confidence). | See macro indicators → |
Tone improving across multiple channels — flagged improver in MAIN_MARKET.
2 of 3 channels in agreement
Tone has been stable.
most recent 2026-02-19 · 15 statements in last 180d
Not flagged for distress.
Active hype-language pattern — historically precedes equity raises (1.32× baseline).
Hype-language density 0.0 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 22 days (2026-05-28). Model leans ahead of consensus.
18% below · 25% inline · 57% ahead · 57% model confidence · calendar low
No broker rating changes in the last 90 days.
Russell Hallbauer100,000 shares
Russell Hallbauer30,000 shares
Peter Mitchell12,366 shares
Rob Rotzinger11,800 shares
Richard Weymark322,000 shares
Trevor Thomas72,000 shares
Richard Tremblay210,000 shares
Russell Hallbauer222,200 shares
Sean Magee322,000 shares
