Such has been the strength of Purplebricks Group PLC (LON:PURP) shares recently, the hybrid estate agent with the annoying TV ads has been forced to clarify the position.
“Whilst the company has had a good start to the calendar year, the board's expectations remain unchanged,” it said.
It worked as the shares eased 2% to 187.5p, but that is still a gain of about a third this month.
Can the Tesco/Booker really be a win-win. The market seemed to think so as shares in both companies took off on news of the deal.
Tesco (LON:TSCO) is offering 0.861 Tesco shares plus 42.6p in cash for each Booker share.
When first announced this valued Booker (LON:BOK) at around £3.7bn and each Booker share at around 205.3p not including planned dividend payments.
But subsequentl, Tesco shares have risen by 10%, upping the nominal value to 220p.
Near the close of trading Tesco shares were 207p and Booker 214p, up 16%.
12.30pm...Ubisense Group builds momentum as orders rise
Factory automation specialist Ubisense Group Plc (LON:UBI) accelerated away after a confident trading update.
Revenue growth, margins, cost management and the order book are all significantly better than 2015’s numbers, it reported.
A new global deal for its RTLS software platform has been signed with a major automotive manufacturer
Manfacturers use the platform to monitor production flows, while it can also tell a transport company where all its buses are at any one time.
The geospatial division is also seeing increased demand for myWorld services projects.
Ubisense also expects to report a net cash positive position through significant debtor collections and is within banking covenants on its new HSBC facility.
Richard Petti, chief executive, said: "Ubisense starts 2017 with a strong order book and good momentum.”
Shares are doing OK as well, adding 31% today to 49p.
Recruitment agency RTC Group plc was another riser on the back of a bullish trading update. Andy Pendlebury, chief executive, said: "We are pleased that our trading is in line with market expectations.
“All of our group businesses had a strong end to the year and we remain confident that this positive momentum will continue in 2017."
Shares rose 27% to 55.2p as it was a marked change of tone from the last update in October that warned of infrastructure project delays affecting business.
Resources investor Kennedy Ventures PLC (LON:KENV) was weak following the reduction in the stake of Tracarta to 2.9% yesterday. Shares dropped 14% to 10.5p.
9.15am... Coral Products on the rocks as top two directors depart
Coral Products PLC (LON:CRU) dived by a third as a hefty profit warning was accompanied by the departure of both the chief executive and finance director for personal reasons.
The plastic container maker said poor trading at the mouldings arm during November and December sparked the problems.
Corrective action has been taken at the subsidiary, but it will still mean a loss overall in the year to April.
In addition Coral said Roberto Zandona, chief executive, has resigned while finance director Stephen Fletcher is retiring.
Joe Grimmond will move from non-executive to executive chairman until further notice, while Sharon Gramauskas, currently group financial controller, will step up to become finance director in due course.
All other Coral companies have continued to trade profitably, the statement said.
Shares fell 34% to 13.35p
An altogether happier picture at electrician T Clarke (LON:CTO) where underlying profits in 2016 have come substantially ahead of last year.
The headline numbers probably would have too except for the £2.8mln fraud revealed at its DG Robsom arm in October.
Exceptional charges and provisions for that will add up to £2.2mln, including a provision for costs of £0.4mln incurred to recover the misappropriated funds.
Legal proceedings to recover the stolen funds are ongoing, Clarke added.
But other numbers are also pointing in the right direction.
Net cash improved for the fourth successive year to £9.2mln, an increase of 39% year-on-year, while the order book has risen to £330mln from £300mln.
Shares rose 22% to 75.5p.
Cash and carry group Booker PLC (LON:BOK) was a strong gainer as supermarket giant Tesco PL| (LON:TSCO) popped in an agreed £3.7bn bid.
Shares rose 15% to 211p.
If it goes through, the merger will result in Booker shareholders owning around 16% of Tesco.