Mixed signals — flagged for pre-raise, but forward-looking tone is also improving across 3 corroborating channels. Tone trajectory is stable ( → broadly_in_line → → ahead); last update 2026-02-04. Next results expected today (2026-05-05); the earnings model leans ahead (46% 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. 3 of 3 channels in agreement | tone 45.0 · broker 33.3 · director 2.6 · sector 25.5 |
| Tone trajectory | stable | Tone has been stable. most recent 2026-02-04 · 9 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 0.5 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 0.5/1k words (5 hits in 7 scannable docs)2026-04-02: "…I don't see everybody talking about this on on X. It's n…2026-04-02: "…a Twin Peaks Investing podcast listener, you can access …2026-04-02: "…sed to hold it many moons ago. It's a fantastic company.… | |
| Narrative drift | Stable | Narrative consistent with historical baseline. | |
| Forward catalyst | |||
| Upcoming results | Predicted ahead | Next results expected today (2026-05-05). Model leans ahead of consensus. 14% below · 39% inline · 46% ahead · 46% model confidence · calendar low | |
| Broker actions — last 90 days (1) | |||
| 2026-04-28 | target_raise | UBSneutral | 565p(was 540) |
| Director deals — last 90 days (2; 1 purchase) | |||
| 2026-02-26 | Exercise | Anders Romberg12,853 shares | £0 |
| 2026-02-26 | Purchase | Chabi Nouri2,500 shares | £129 |
| Backdrop | |||
| UK macro regime | recovery | UK cycle classification: recovery (78% confidence). | See macro indicators → |
Tone improving across multiple channels — flagged improver in MAIN_MARKET.
3 of 3 channels in agreement
Tone has been stable.
most recent 2026-02-04 · 9 statements in last 180d
Not flagged for distress.
Active hype-language pattern — historically precedes equity raises (1.32× baseline).
Hype-language density 0.5 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 today (2026-05-05). Model leans ahead of consensus.
14% below · 39% inline · 46% ahead · 46% model confidence · calendar low
UBSneutral
Anders Romberg12,853 shares
Chabi Nouri2,500 shares
Mixed signals — flagged for pre-raise, but forward-looking tone is also improving across 3 corroborating channels. Tone trajectory is stable ( → broadly_in_line → → ahead); last update 2026-02-04. Next results expected today (2026-05-05); the earnings model leans ahead (46% 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. 3 of 3 channels in agreement | tone 45.0 · broker 33.3 · director 2.6 · sector 25.5 |
| Tone trajectory | stable | Tone has been stable. most recent 2026-02-04 · 9 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 0.5 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 0.5/1k words (5 hits in 7 scannable docs)2026-04-02: "…I don't see everybody talking about this on on X. It's n…2026-04-02: "…a Twin Peaks Investing podcast listener, you can access …2026-04-02: "…sed to hold it many moons ago. It's a fantastic company.… | |
| Narrative drift | Stable | Narrative consistent with historical baseline. | |
| Forward catalyst | |||
| Upcoming results | Predicted ahead | Next results expected today (2026-05-05). Model leans ahead of consensus. 14% below · 39% inline · 46% ahead · 46% model confidence · calendar low | |
| Broker actions — last 90 days (1) | |||
| 2026-04-28 | target_raise | UBSneutral | 565p(was 540) |
| Director deals — last 90 days (2; 1 purchase) | |||
| 2026-02-26 | Exercise | Anders Romberg12,853 shares | £0 |
| 2026-02-26 | Purchase | Chabi Nouri2,500 shares | £129 |
| Backdrop | |||
| UK macro regime | recovery | UK cycle classification: recovery (78% confidence). | See macro indicators → |
Tone improving across multiple channels — flagged improver in MAIN_MARKET.
3 of 3 channels in agreement
Tone has been stable.
most recent 2026-02-04 · 9 statements in last 180d
Not flagged for distress.
Active hype-language pattern — historically precedes equity raises (1.32× baseline).
Hype-language density 0.5 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 today (2026-05-05). Model leans ahead of consensus.
14% below · 39% inline · 46% ahead · 46% model confidence · calendar low
UBSneutral
Anders Romberg12,853 shares
Chabi Nouri2,500 shares
