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.
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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 directionNext 2026 results and FY2027 mitigation update 4 Mar · in 129 days -
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 directionNext final 2026 trading result, shaped by Q4 phasing -
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 -
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 directionNext FY26 results with 2027 outlook 1 Mar · in 126 days
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.