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Situations

Where money or control changes hands at a UK small cap – takeovers, disposals, capital returns, activists, stake building, refinancings. Each one followed from the first announcement to the outcome.

Results and guidance ahead of or below expectations, upgrades and profit warnings.

  1. Profit outlook Robinson RBN£19m new

    2026 profit guidance

    Guidance was lowered in December 2025 and on 20 August 2026 to £2.2m-£2.6m after Middle East cost pressure. On 25 September the Board said 2026 was in line, but a £3.3m-revenue contract would not be renewed.

    Direction below expectations / warningReaction on the day −8%In 12 months 1 statement in the same direction
    Next 2026 results and FY2027 mitigation update 4 Mar · in 129 days −4% since 23 Oct · moved 23 Oct
  2. Profit outlook Camellia CAM£135m

    Full-year trading outlook

    On 26 Aug Kakuzi flagged 2026 net earnings at least 25% lower, and the H1 results (3 Sep) added El Nino as a headwind.

    Direction below expectations / warningReaction on the day −7%In 12 months 2 statements in the same direction
    Next final 2026 trading result, shaped by Q4 phasing −9% since 26 Aug · moved 22 Oct
  3. Profit outlook Serabi Gold SRB£137m new

    Profit warning

    Serabi Gold issued a profit warning on 21 Oct 2026; the shares moved −11% on the day.

    Stage Profit warningDirection below expectations / warningReaction on the day −11%In 12 months 1 statement in the same direction
    −24% since 21 Oct · moved 21 Oct
  4. Profit outlook Genuit Group GEN£640m new

    Subdued market and profit guidance

    Since Nov 2025 profit guidance has tracked a subdued market. In May 2026 FY26 was guided to the lower end of the £94.7m-£105.5m range, and on 11 Aug H1 came in line.

    Direction below expectations / warningReaction on the day −12%In 12 months 1 statement in the same direction
    Next FY26 results with 2027 outlook 1 Mar · in 126 days −10% since 20 Oct · moved 20 Oct
  5. Profit outlook Iofina IOF£90m new

    Results below expectations

    Iofina said it is trading below expectations on 16 Oct 2026; the shares moved −7% on the day.

    Stage Below expectationsDirection below expectations / warningReaction on the day −7%In 12 months 1 statement in the same direction
    −7% since 16 Oct · moved 16 Oct
  6. Profit outlook Thor Explorations Ltd THX£330m new

    Profit warning

    Thor Explorations Ltd issued a profit warning on 14 Oct 2026; the shares moved −9% on the day.

    Stage Profit warningDirection below expectations / warningReaction on the day −9%In 12 months 1 statement in the same direction
    −17% since 14 Oct · moved 14 Oct
  7. Profit outlook Caledonia Mining Corporation CMCL£310m

    Profit warning

    Caledonia Mining Corporation issued a profit warning on 9 Oct 2026; the shares moved −4% on the day. It is the second such statement in 12 months.

    Direction below expectations / warningReaction on the day −4%In 12 months 2 statements in the same direction
    −11% since 9 Oct · moved 9 Oct
  8. Profit outlook Oxford Metrics OMG£39m

    FY26 guidance cut

    On 17 June 2026 FY26 revenue guidance of c.£56m for the 15 months was confirmed. On 9 October 2026 the Board cut it to £47-51m with an Adjusted EBIT loss of £0.5-3.9m, against market expectations of £56.2m and a £3.0m profit.

    Direction below expectations / warningReaction on the day −6%In 12 months 1 statement in the same direction
    Next Interim results for 12 months to 30 September 2026 +2% since 9 Oct · moved 9 Oct
  9. Profit outlook MyCelx Technologies Corporation MYX£12m

    Middle East conflict exposure

    Impact on 2026 business was not assessable in May. In July several large Middle East projects were expected within six months.

    Direction below expectations / warningReaction on the day −20%In 12 months 1 statement in the same direction
    Next Middle East purchase order award for the delayed project −19% since 8 Oct · moved 8 Oct
  10. Profit outlook Celebrus Technologies CLBS£19m

    New business and logo wins

    The go-to-market restructure (Marketing, Sales, Customer Success) was meant to fix FY26's new business shortfall.

    Direction below expectations / warningReaction on the day −40%In 12 months 2 statements in the same direction
    Next H1 FY27 results and presentation 8 Dec · in 43 days −41% since 14 Jul · moved 6 Oct
  11. Profit outlook Tekmar Group TGP£16m

    Middle East disruption to projects

    The 18 June 2026 interims reported Middle East delays, higher costs and deferred Offshore Energy Services activity, with bottlenecks easing.

    Direction below expectations / warningReaction on the day −6%In 12 months 1 statement in the same direction
    −6% since 29 Sep · moved 29 Sep
  12. Profit outlook Accsys Technologies AXS£134m

    Profit warning

    Accsys Technologies issued a profit warning on 21 Sep 2026; the shares moved −12% on the day.

    Stage Profit warningDirection below expectations / warningReaction on the day −12%In 12 months 1 statement in the same direction
    −24% since 21 Sep · moved 21 Sep
  13. Profit outlook Craneware CRW£374m

    Profit warning

    Craneware issued a profit warning on 21 Sep 2026; the shares moved −26% on the day. It is the second such statement in 12 months.

    Direction below expectations / warningReaction on the day −26%In 12 months 2 statements in the same direction
    −26% since 3 Jul · moved 21 Sep
  14. Profit outlook Resolute Mining Limited RSG£1,137m

    Mali supply chain and operating risk

    Mali security and supply problems cut Syama Q2 output (5 June 2026) and pushed Syama to the lower end of guidance (20 August 2026).

    Direction below expectations / warningReaction on the day −6%In 12 months 2 statements in the same direction
    Next Emulsion plant commissioning; Q4 Syama output of 45-50 koz 30 Nov · in 35 days −14% since 5 Jun · moved 21 Sep
  15. Profit outlook Facilities by ADF ADF£11m

    Profit warning

    Facilities by ADF issued a profit warning on 16 Sep 2026; the shares moved −16% on the day.

    Stage Profit warningDirection below expectations / warningReaction on the day −16%In 12 months 1 statement in the same direction
    −22% since 16 Sep · moved 16 Sep
  16. Profit outlook CT Automotive Group CTA£14m

    Key customer price dispute

    CT Automotive Group issued a profit warning on 16 Sep 2026; the shares moved −30% on the day.

    Direction below expectations / warningReaction on the day −30%In 12 months 1 statement in the same direction
    Next update market as discussions conclude and range narrows −41% since 16 Sep · moved 16 Sep
  17. Profit outlook Cerillion CER£207m

    Profit warning

    Cerillion issued a profit warning on 14 Sep 2026; the shares moved −12% on the day.

    Stage Profit warningDirection below expectations / warningReaction on the day −12%In 12 months 1 statement in the same direction
    −20% since 14 Sep · moved 14 Sep
  18. Profit outlook Mortgage Advice Bureau (Holdings) MAB1£220m

    Profit warning

    Mortgage Advice Bureau issued a profit warning on 9 Sep 2026; the shares moved −20% on the day.

    Stage Profit warningDirection below expectations / warningReaction on the day −20%In 12 months 1 statement in the same direction
    −18% since 9 Sep · moved 9 Sep
  19. Profit outlook Crest Nicholson Holdings CRST£169m

    Profit warning

    Crest Nicholson Holdings issued a profit warning on 3 Sep 2026; the shares moved −8% on the day. It is the third such statement in 12 months.

    Direction below expectations / warningReaction on the day −8%In 12 months 3 statements in the same direction
    +6% since 3 Sep · moved 3 Sep
  20. Profit outlook Hunting HTG£585m

    Middle East conflict exposure

    Middle East conflict was flagged in March 2026 as a tender slippage risk with minimal 2026 profit impact expected. By 21 Aug 2026 the delay has become material: the KOC tender re-run cuts 2026 EBITDA by c.$10m.

    Direction below expectations / warningReaction on the day −14%In 12 months 1 statement in the same direction
    Next KOC OCTG tender re-issue in Q3 2026 −13% since 21 Aug · moved 21 Aug
  21. Profit outlook Ashtead Technology Holdings AT.£489m

    Middle East conflict exposure

    The Middle East conflict, unresolved since March 2026, has cut regional activity and pushed projects into 2027, prompting guidance cuts in July and August.

    Direction below expectations / warningReaction on the day −16%In 12 months 1 statement in the same direction
    +42% since 20 Aug · moved 20 Aug
  22. Profit outlook iFOREX Financial Trading Holdings Ltd. IFRX£32m

    Profit warning

    IFOREX Financial Trading Holdings Ltd. issued a profit warning on 19 Aug 2026; the shares moved −22% on the day.

    Stage Profit warningDirection below expectations / warningReaction on the day −22%In 12 months 1 statement in the same direction
    −23% since 19 Aug · moved 19 Aug
  23. Profit outlook GB Group GBG£354m

    Profit warning

    GB Group issued a profit warning on 14 Aug 2026; the shares moved −31% on the day.

    Stage Profit warningDirection below expectations / warningReaction on the day −31%In 12 months 1 statement in the same direction
    −31% since 14 Aug · moved 14 Aug
  24. Profit outlook CLS Holdings CLI£189m

    Profit warning

    CLS Holdings issued a profit warning on 4 Aug 2026; the shares moved −8% on the day.

    Stage Profit warningDirection below expectations / warningReaction on the day −8%In 12 months 1 statement in the same direction
    −11% since 4 Aug · moved 4 Aug
  25. Profit outlook Vanquis Banking Group 20 VANQ£181m

    Returns guidance reset

    Vanquis had guided to low double digit statutory ROTE for 2026 as recently as May 2026. At the half year it cut 2026 to low single digit, as lower Credit Card yields from new customers and cautious spending moderate returns.

    Direction below expectations / warningReaction on the day −26%In 12 months 1 statement in the same direction
    Next FY26 results: dividend decision and ROTE delivery −40% since 30 Jul · moved 30 Jul
  26. Profit outlook AB Dynamics ABDP£182m

    FY26 guidance reset

    On 28 July 2026 the Board cut FY26 continuing revenue guidance to £90-95m as order conversion slowed, holding the adjusted operating margin at 20%.

    Direction below expectations / warningReaction on the day −30%In 12 months 1 statement in the same direction
    Next FY26 full-year results −25% since 28 Jul · moved 28 Jul

A row opens the situation with its chart and every step. Company pages also show the smaller matters – a new CEO, a plan, a contract, director buying.

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