London Stock Exchange research

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1. 29 Aug 2026Watkin Jones's £61 million cash exceeds its equity value. Delayed sales explain whyWatkin Jones plc (LSE:WJG) fell 14.4% as forward sales slipped. Its £61m net-cash headline does not settle what owners can claim. LSE:WJG · Real Estate · 7:09am AEST
2. 29 Aug 2026McBride's Vestacy-led £170 million programme comes with a £25 million debt peakMcBride plc (LSE:MCB) jumped 23.1% on a £170m manufacturing partnership. The filings show why a £25m debt peak leaves little room for a slow ramp. LSE:MCB · Consumer Staples · 5:20am AEST
3. 27 Aug 2026CAML rose 8.5% as copper did the work. Its next copper project costs 30.6% of the enlarged companyCentral Asia Metals (LSE:CAML) jumped 8.5% on an H1 cash surge; the price now asks Cygnus to justify 30.6% dilution. LSE:CAML · Basic Materials · 7:32am AEST
4. 26 Aug 2026Britain bought Tungsten West at 36p. The market valued the same shares at 51.6pTungsten West PLC (LSE:TUN) rose 19.7% on a £71m state package. The 51.6p close now asks tungsten prices and execution to do much more. LSE:TUN · Materials · 7:16am AEST
5. 26 Aug 2026Volex's 15% rally shifts the burden from cable demand to cash conversionVOLEX PLC (LSE:VLX) surged 15.0% after a forecast upgrade. The filings show why July's cable growth now needs a much stronger cash bridge. LSE:VLX · Industrials · 5:26am AEST
6. 25 Aug 2026The first Sanankoro renewal added £7.7 million before a licence application can beginCora Gold Limited (LSE:CORA) rose 11.4% after Sanankoro II's renewal. The price now tests permits, stream terms and a $138m build. LSE:CORA · Materials · 7:18am AEST
7. 22 Aug 2026Hunting's £100m sell-off priced more than a Kuwait delayHunting PLC (LSE:HTG) fell 14.5% after cutting EBITDA guidance. The cash bridge shows why Kuwait explains only part of the repricing. LSE:HTG · Energy · 7:11am AEST
8. 22 Aug 2026Gamma added £100m while Waterland left the carve-up price blankGamma Communications (LSE:GAMA) rose 11.60% after naming Waterland and Giacom; owner cash sets the line between bid premium and rumour. LSE:GAMA · Communication Services · 5:02am AEST
9. 21 Aug 2026JD Sports cut £50 million from guidance and lost £642 million of equity valueJD Sports Fashion (LSE:JD) fell 14.32% after cutting FY27 profit guidance. We test why a £50 million midpoint cut erased £642 million. LSE:JD · Consumer Discretionary · 7:54am AEST
10. 20 Aug 2026Trainline meets the fee-free future twice: once from the CMA, once from GBRTrainline (LSE:TRN) fell 14.07% as the CMA opened a drip-pricing probe; the fee layer beneath its capped commission is what the market repriced. LSE:TRN · Consumer Discretionary · 5:19am AEST
11. 18 Aug 2026Nostrum's asset sale still leaves a US$303 million creditor holeNostrum Oil & Gas (LSE:NOG) fell 37.5% after a US$304.6 million asset sale. The creditor waterfall still leaves ordinary equity behind. LSE:NOG · Energy · 8:15am AEST
12. 15 Aug 2026A few customer losses reopened GB Group's £285 million Americas valuationGB Group (LSE:GBG) fell 30.8% after Americas Identity attrition cut FY27 growth. The tape is challenging a £285 million unit valuation. LSE:GBG · Technology · 7:16am AEST
13. 14 Aug 2026Antofagasta's copper windfall cannot hide 35,000 tonnes of lost guidanceAntofagasta plc (LSE:ANTO) fell 6.8% after cutting copper guidance. We separate one weather loss from the delivery premium in its £37.56 share price. LSE:ANTO · Basic Materials · 7:34am AEST
14. 13 Aug 2026CLS has £43 million of sales left to prove its NTA is more than an appraisalCLS Holdings (LSE:CLI) fell 3.9% after H1 NTA dropped 11.5%. The remaining disposal target must now prove the office marks in cash. LSE:CLI · Real Estate · 7:23am AEST
15. 11 Aug 2026Oxford Biomedica's £40m guidance hole exposes the limits of backlog visibilityOxford Biomedica (LSE:OXB) cut FY26 revenue guidance by £40m at the midpoint. The filings show why backlog is not the same as cash. LSE:OXB · Health Care · 5:17am AEST