Daily Stock Market Report (Tue 7 Jan 2025) - SQZ, NXT, CNS, ARB

Good morning! The RNS remains quiet for now - it appears that many City workers and company management teams have taken full advantage of the chance to take a break over Christmas. I did think we would have a few more updates than this on January 7th!
11.50pm: we are all done for today, see you tomorrow!

Spreadsheet accompanying this report (updated to 3/1/2025).

Companies Reporting
Name (Mkt Cap)RNSSummaryOur view (Author)Next (LON:NXT) (£11.9bn)TUFull-price sales ahead of exps; pre-tax profit exps increased by £5m to £1,010m. FY EPS +11.4%.AMBER/GREEN (Graham)Serica Energy (LON:SQZ) (£593m)Production updateFY prod 34,600 boepd, below Q3 guidance. Most issues resolved, output currently 46,400 boepd.AMBER/GREEN (Roland)Corero Network Security (LON:CNS) (£100m)TU“Broadly” in line for 2024. Looks like a probable miss for 2024. Confident in 2025 expectations.AMBER/GREEN (Roland)Argo Blockchain (LON:ARB) Dec Operational UpdateTheir hosting agreement ended; they are evaluating alternative sites to rehost their machines.RED (Graham)


Summaries
Serica Energy (LON:SQZ) - Down 1.7% to 148p (£582m) - Update on production - Roland (I hold) - AMBER/GREEN
Today’s update reveals that Serica’s 2024 production of 34,600 boepd fell below even its 5 December guidance. However,...