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EPIC code: KEFI

Kefi Gold & Copper, at 0.724p, worth up to 5.9p per share: 60 page report

By Tom Winnifrith | Monday 13 May 2024

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

This report from Orior was commissioned by Kefi Gold & Copper (KEFI) so take it with a pinch of salt. as it happens the numbers it arrives at are not that different from my own but I am a shareholder so take my numbers with a pinch of salt. But what you will not argue with, unless you are a loon like our in house obsessive fantastist Magna Carta, is that the upside at 0.724p is just massive. The shares really are a STRONG BUY.
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Market News

RTOP
RegTech Open Project (#RTOP) – CEO Ian Halliday-Pegg “has tendered his resignation… effective today, to enable him to focus on his personal business interests”
 31 May 2024, 07:59
OCTP
Oxford Cannabinoid (#OCTP) – re. a Matched Bargain Facility, “concluded that it is not practicable in the short term to put in place”
 31 May 2024, 07:57
LPA
#LPA – CEO Paul Curtis “has stepped down… will remain as an employee of the group until 31 July”
 31 May 2024, 07:55
RBG
Revolution Bars (#RBG) – ends Formal Sale Process after no takeover proposals, launches “restructuring plan”
 31 May 2024, 07:54
SEEN
SEEEN (#SEEN) – fundraise including £0.8m at 3p per share with warrants and £0.3m convertible loan notes
 31 May 2024, 07:53
PFC
Petrofac (#PFC) – 2023 increased loss, “auditors have disclaimed their audit opinion”
 31 May 2024, 07:42
DPP
DP Poland (#DPP) – 2023 another loss, emphasises growth roll-out
 31 May 2024, 07:38
CMO
#CMO – 2023 swing to loss, continuing LFL sales decline though currently moderating
 31 May 2024, 07:34
JD
JD Sports Fashion (#JD.) – FY adj. EPS down to 12.1p, DPS increased to 0.9p, notes “a volatile market”
 31 May 2024, 07:29
NWG
NatWest (#NWG) – agreement to purchase £1.24bn of its shares from HM Treasury
 31 May 2024, 07:25

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TATE

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Tuesday »

KEFI

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FORT

Forterra (#FORT) – 4 months revenue -6% YoY, now reckons “greater weighting towards H2 than previously guided”

Monday »

CHRT

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CTA

CT Automotive – “A return to strength driven by sustainable operational efficiencies”. Er, wasn’t it driven by customers “catching up”?

 

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SDI

SDI Group – argues improved trading, but how much so?…

 

HAYD

Haydale Graphene warning – countdown to the NEXT bailout placing must already be underway

 

Gold

Ross Norman: Gold at all time high so where next?

 

ITX

Itaconix – “pleased to report” AGM trading update. Er, what about the details that dare not speak their name?…

 

Bearcast

Tom Winnifrith Bonus Bearcast: Bluebird Merchant Ventures and Kefi Gold & Copper

 

Boom

Photo Article: The tale of Grandpa Miers and his 100 km walk, hooking up with young nurse poppy and he hits the finishing line

 

KWS

Keywords Studios (#KWS) – 2550p per share possible offer “advanced discussions”

 

KEFI

#KEFI Gold & Copper – formal Tulu Kapi project launch following dedicated site policing and conditional project finance syndicate confirmations

 

BHL

Bradda Head Lithium (#BHL) – fraudulent payment settlement agreement, “gross recovery of approximately 40% of total misappropriated funds”

 

MET1

Metals One (#MET1) – raises £0.895m at 1p per share

 

HAYD

Haydale Graphene (#HAYD) – trading warning, noting order delays

 

SDI

#SDI – details expected FY profit fall, though argues “a good finish to the financial year”

 

HFG

Hilton Food (#HFG) – “volumes and sales ahead of last year… in line with expectations”

 

LIKE

Likewise (#LIKE) – 2023 swing to small profit, DPS up to 0.35p, “2024 has started positively”

 

VIC

Victorian Plumbing (#VIC) – £22.5m acquisition of online UK bathroom retailer AHK Designs, trading as Victoria Plum

 

BLND

British Land (#BLND) – exchanged contracts for sale of its 50% stake in Meadowhall shopping centre for £360m

Sunday »

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Coke

A failed fund manager turned share blogger quotes Einstein

 

Bear

Photo article: Health Nazi Nick across the line but no sign or word from Grandpa Lucian

 

Gold

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GetAFix

Photo of breakfast on day 2 of the 100 km walk - where's Grandpa?

 

Professor

Sunday Long Reads: Hapsburg Convention, Secret China Spy, Lacking Babies, Dishonest Honesty Study, Alps F35 Mystery

 

Quiz

The ShareProphets Sunday Pub Quiz #241

 

Professor

Visual Aid: The Top Middle East Exports by Country

 

Top-10

Notes from Underground – Most read articles for the week ending 18 May

Saturday »

Boom

Photo Article: Lunchtime day 1 Grandpa Miers and the Health Nazi are on track on the 100 km walk to fight MND

 

ECP

An open letter to Dominic Roberts, Managing Partner, PKF Littlejohn

 

Bearcast

Tom Winnifrth Bearcast: Thinking my cat had died

 

Beggar

Photo Article: it is 8 am and Grandpa Lucian and Health Nazi reader Nick start the 100 kilometre walk

 

SHOE

This Money-Making Outfit that Flogs 'Daisy Roots' and 'Ones and Twos' could Easily Walk Up its Share Price.

Friday »

Beggar

(Almost) Final Appeal - Lucian Miers & Nick walk 100km this Saturday, help his fight against MND

 

WATR

Water Intelligence – Q1 2024 update, continuing growth Buy

 

Father Christmas

Following share price moves, tips of the year update...

 

IMB

Imperial Brands – interims “continued confidence”, still income value?

 

Bearcast

Tom Winnifrith Bearcast: We need to work on this definition of lying on AIM

 

NEXS

Nexus Infrastructure – results argue first half “good progress”, but what about the cash burn?

 

EQT

Eqtec – Verde Corporation Welches, Richard Jennings on the warpath, back to the original LIE

 

RTOP

Letter to the FRC re Regtech Open and PKF Littlejohn

 

BMV

Bluebird Merchant Ventures – following South Korea progress, now a “further step” towards project development in the Philippines

 

TM1

Technology Minerals – More death spiral vicar?

 

BRH

Letter to the FRC regarding Braveheart and its dodgy March 31 2023 accounts and auditors PKF Littlejohn

 

Gagged

Apparently I am guilty of treason for telling the truth, citing facts, on Ukraine: Tom Winnifrith

 

WCAT

Wildcat Petroleum (#WCAT) – “newsletter photo special”, RNS Reach attempted ramptastic

 

TM1

Technology Minerals (#TM1) – notice to drawdown a further £0.6m from “convertible bond”, death spiral, facility

 

UKOG

UK Oil & Gas (#UKOG) – “Loan Reduction Update” = more shares confetti issuance

 

FA

FireAngel Safety Technology (#FA.) – notes approval conditions for takeover offer and that they are now being considered

 

NGHT

Nightcap (#NGHT) – reduced shareholders “concert party” agreed with Takeover Panel

 

CUSN

Cornish Metals (#CUSN) – “unaware of any reason for the selling pressure”, to release quarterly report by 23rd May

 

HUM

Hummingbird Resources (#HUM) – remobilisation of equipment to Kouroussa site and $10m shareholder loan

 

FRP

#FRP Advisory – FY “ahead of expectations”, “encouraging” activity levels

 

LAND

#LAND Securities – FY adj. EPS down to 50.1p and net tangible assets per share to 859p

 

GSK

#GSK – agrees to sell remaining shares in Haleon (#HLN) at 324p, raising approx. £1.248bn

Thursday »

ZTF

Zotefoams – ReZorce beverage cartons commercialisation progress from a winning share tip

 

MAX

Three simple questions for Liam “the Toke” Murray as MaxRets shares collapse by another 50%

 

PRM

Proteome Sciences – “considerable increase in customer contact and quotations provided”. Er, what about the cash position?

 

Bearcast

Tom Winnifrith Bearcast: Can anyone explain why Zamboni should not be arrested?

 

HZM

DOUBLE GOTCHA MOTHERS!: Horizonte Minerals and Ben’s Creek shares suspended, all the money’s gone

 

WOSG

Watches of Switzerland – “FY24 performance in line with guidance”. Er, what about the guidance from before the final third of the year?

 

SYME

Supply’s discounted bailout placing, is the money really there? A broker writes

 

BRH

Is PKF LittleJohn culpable in the Braveheart farce… an accountant opines

 

RTOP

BREAKING: Regtech Open, surely this is an admission of outright fraud: Zamboni for prison!

 

IKA

Ilika – argues full-year “achieved significant milestones”, but how “significant” really currently?…

 

Collapsing-Reactor

Dominic White puts his mansion up for sale: where are his shareholder’s £3m mansions?

 

Sinking_Ship

Tom Winnifrith Podcast: USA Election and the Russia Ukraine war - the grim news for Presidents Biden and Zelensky accelerates

 

HZM

Horizonte Minerals (#HZM) – gotcha!; “notice of resolution to appoint administrators”, shares suspended

 

BEN

Bens Creek (#BEN) – gotcha!; loan notes redemption notice, “considering options” including administration. Shares suspended

 

RTOP

RegTech Open Project (#RTOP) – further “amendment to Shareholder Loan Agreement”, Alessandro Zamboni (lack of) funding farce

 

HAT

H&T (#HAT) – “robust demand… in line with expectations”

 

WOSG

Watches of Switzerland (#WOSG) – Q4 revenue +3% YoY, argues “cautiously optimistic” following this year more challenging trading conditions

 

EZJ

easyJet (#EZJ) – H1 reduced pre-tax loss but still £350m, “positive summer demand is expected to deliver strong FY24 earnings growth”

 

SAA

M&C Saatchi (#SAA) – trading “well ahead of the challenging prior year… in line with expectations”

 

ECEL

Eurocell (#ECEL) – 4 months sales -6% YoY, FY profit expectations “unchanged”

 

MBH

Michelmersh Brick (#MBH) – argues positioning to deliver FY expectations, though that with “anticipate increased despatch volumes for the remainder of the financial year”

 

VTY

Vistry (#VTY) – “on track to deliver 10%+ growth in completions in FY24, demonstrating strength of Partnerships model”

Wednesday »

Bearcast

Tom Winnifrith Bearcast: On the one hand huge congratulations to David Lenigas but on the other hand there is news from the Oracle

 

NGHT

BREAKING: Nightcap cash crisis forces brand downgrades

 

HARL

Jeremy Hunt to sink the Titanic (shipyard) and Harland & Wolff?

 

CEL

EXPOSE: Celadon Pharmaceuticals – yarns of sales contracts ahead of placing that just don’t look quite right

 

LIFS

LifeSafe – after recent ramptastic “industrial partnership” and appointment of a new broker, discounted fundraising (natch, and as warned here)

 

Crime-Scene

Bonkers Maureen Osayi makes demands of me regarding the Eden Pharma and Appbox Media frauds

 

SYME

The fraud Supply@ME Capital raises £1.5 million but is still insolvent - #BoycottKeithBayleyRogers

 

AVO

VINDICATED yet again: Advanced Oncotherapy – is that the Fat lady I hear at the doorstep? Companies House filing…

 

DISP

Disgraced Dominic White distances himself further from Dispensa as insolvency looms

 

KEFI

Kefi Gold & Copper – quarterly and research updates, STRONG BUY

 

TGR

BREAKING: Tirupati Graphite – its new auditor is so utterly mickey mouse, another the reason why the board is not fit for purpose

 

Fake_News

The BBC just lies about the war in Ukraine to cover its tracks - Tom Winnifrith

 

VAST

#VAST Resources – placing raising just £0.616m at 0.22p per share, still awaiting required “structural refinancing” funds

 

SYME

Supply@ME Capital (#SYME) – raises £1.553m at 0.01725p per share with warrants

 

BMV

Bluebird Merchant Ventures (#BMV) – work for declaration of mining feasibility commences at joint venture Batangas gold project

 

EQLS

Equals (#EQLS) – further Takeover panel extension, notes “indicative non-binding” possible offer proposals

 

TCAP

TP ICAP (#TCAP) – 4 months revenue in line with prior year (+3% constant currency) after a “very strong” April

 

MSLH

Marshalls (#MSLH) – 4 months LFL revenue -10% YoY, “continues to expect a modest recovery in the second half”

 

VSVS

Vesuvius (#VSVS) – trading in line with expectations, resilience providing continued confidence of delivering FY expectations

 

SPX

Spirax-Sarco (#SPX) – first four months demand “broadly flat” YoY, argues “more second half weighted than usual”

 

BVIC

Britvic (#BVIC) – H1 adj. EPS +18% to 27p, DPS +16% to 9.5p, “confident that we will deliver a strong full year performance”

 

CPG

Compass (#CPG) – H1 adj. EPS +17% to $0.59, DPS +16% to $0.207, raising FY profit guidance

Tuesday »

EBQ

Ebiquity – 2023 results, value Buy for 35% upside?

 

HEAD

Headlam – “significantly below” (lack of) profit warning… and will market conditions really gradually improve in the second half?

 

Bearcast

Tom Winnifrith Bearcast: you can stick your rainbow coloured lanyard and your husband's taxpayer funded porn up your ar*e

 

Clown

A failed fund manager turned share blogger shows he has not learned from his errors and sins and is not truly sorry - calls for short selling ban

 

CEL

Atrocious Celadon results – that May 10 fundraise explained, it dodged the material uncertainty bullet

 

SND

Sondrel – shares subscription including to fund “transformation plan”, but what is the plan and how well funded is it still?…

 

HZM

Horizonte – is it game over tomorrow?

 

RBG

Revolution updates on refinancing/sales process: the Nightcap spoof is called out

 

ENSI

EnSilica – “pleased to confirm… a strong performance”. Er, what about “the slower economy and the impact that had on the start of new supply contracts”?!

 

ANA

Presenting at conferences does not pay the bills at cash strapped Ananda... it adds to them

 

RBG

Revolution Bars (#RBG) – notes its “restructuring plan”, current alternative proposals wouldn’t result in a financial return to shareholders!

 

VARE

Various Eateries (#VARE) – H1 LFL sales “marginally down”, macroeconomic landscape “continues to require careful navigation”

 

MARS

Marston’s (#MARS) – H1 still even adj. loss, emphasises “encouraging start” to seasonally-stronger H2

 

OTB

On the Beach (#OTB) – H1 return to slight profit, DPS 0.9p, “well positioned for H2”

 

GRG

Greggs (#GRG) – 19 weeks LFL sales +7.4% YoY, FY expectations “remain unchanged”

 

LUCE

Luceco (#LUCE) – Q1 LFL revenue +4.5% YoY, “comfortably in line with market expectations”

 

CURY

Currys (#CURY) – 16 weeks LFL sales +2% YoY, FY adj. PBT expected to be £115-120m (previously “at least £105m”)

 

MIDW

Midwich (#MIDW) – 4 months “organic revenue… in line with the prior year, which is below the board's earlier expectations”

 

HEAD

Headlam (#HEAD) – 4 months to end-April revenue -12.3% YoY, “April did not show the expected seasonal uplift”

 

VOD

Vodafone (#VOD) – FY adj. EPS down to €0.0747, DPS maintained at €0.09, argues is “fundamentally transforming”

Monday »

ENSI

EnSilica – new CFO following a new broker, what’s to follow I wonder?

 

Bearcast

Tom Winnifrith Bearcast: How to keep Magna Carta in suspense!

 

BBSN

Brave Bison – possible all-share offer for Mission Group. “Significantly undervalues” or not?

 

KEFI

Kefi Gold & Copper, at 0.724p, worth up to 5.9p per share: 60 page report

 

BMN

“Someone should put Bushveld out of its misery” - Andrew Monk

 

JWNG

Jaywing – after I previously questioned how supportive the lenders really remained, that now looks about to be tested…

 

BEN

Just why is Ben’s Creek not answering the Fat Lady question?

 

Video: How the Green Promise is Making the West Poorer

 

AMC

Amur Minerals RTO – what nonsense and misleading spivvery is this?

 

ECP

Liam “The Toke” Murray at Cairn: Has Dominic White paid you yet?

 

TMG

Mission Group (#TMG) – board “unanimously rejected” possible offer from Brave Bison (#BBSN)

 

BBSN

Brave Bison (#BBSN) – announces possible offer “formal approach” to Mission Group (#TMG)

 

BEN

Bens Creek (#BEN) – Court approval for “interim debtor-in-possession financing loan” of $2m

 

THR

Thor Energy (#THR) – Australian$1.3m placing at 1.3c per share with share options

 

AMC

Amur Minerals (#AMC) – proposed reverse takeover of drug delivery technology company Extruded Pharmaceuticals

 

ZOO

#ZOO Digital – expects Q1 “EBITDA at break-even”, renewed “up to $3 million” debt facilities

 

CER

Cerillion (#CER) – H1 adj. EPS +8% to 27.6p, DPS +21% to 4p, “well-positioned to deliver its full year targets”

 

VCT

Victrex (#VCT) – H1 adj. EPS down to 27p, DPS maintained at 13.42p, notes some recent end-markets improvement

 

DPLM

Diploma (#DPLM) – H1 adj. EPS +10% to 65.1p, DPS +5% to 17.3p, notes “upgrading guidance”

 

FRP

#FRP Advisory – cash and shares acquisition of commercial finance and risk management group Hilton-Baird

Sunday »

Bearcast

Tom Winnifrith Bearcast: Another out of touch elite, I do not buy Malcolm's banks, I am warning you about a new IPO frenzy and musicMagpie

 

Professor

Sunday Long Reads: Fake Cheerleader Videos, Who can Find Missing People?, Or a Missing Cat?, Visionary F1 Designer

 

Gold

The View From The Montana Log-Cabin As Gold Heads North Again

 

Quiz

The ShareProphets Sunday Pub Quiz #240

 

Professor

Visual Aid: Growth of a $1,000 Equity Investment, by Stock Market

 

Top-10

Notes from Underground – Most read articles for the week ending 11 May

Saturday »

TTG

TT Electronics – AGM trading update, full year outlook unchanged BUT

 

Bearcast

Tom Winnifrith Bearcast: A vital mission possible for you in Cheltenham this July? And off to vote for Eden Golan tonight

 

AAU

Ariana Resources – Dokwe project updated pre-feasibility study further highlights this acquisition’s HUGE potential: BUY

 

HSBA

Catch the Gravy Train to the Bonny Bonny Banks of Old Blighty.

Friday »

Clown

A failed fund manager turned share blogger writes explaining his duff historic macro take

 

BEN

Ben’s Creek PLC - The Fat Lady booked in for next week!

 

ULTP

Ultimate Products – from “continues to trade in line with market expectations” to profit warning in less than 5 weeks!

 

Bearcast

Tom Winnifrith Bearcast: Oi! Cel AI, once a David Beckham promote, statement needed now

 

SYME

Letter to the Financial Reporting Council regarding Supply@ME Capital and auditors Crowe UK

 

IKA

Ilika – quelle surprise! As warned here, after “Capital Markets Day” & “Q&A session for retail investors”… discounted fundraising

 

MTL

Metals Exploration: what sort of clowns run a business this way?

 

MTC

Mothercare: what is the point? Another warning, it’s the balance sheet again!

 

WG

Wood Group – possible bid for a winning share tip

 

SYME

Supply@ME Capital accounts out at last – auditors Crowe to be reported to the FRC

 

Hookers

Tom Winnifrith Podcast: Russia, Ukraine, the American election and Stormy Daniels

 

CEL

Celadon Pharmaceuticals (#CEL) – refinancing, including £2.1m placing at 105p per share

 

IKA

Ilika (#IKA) – proposed £1.7m placing at 28p per share and also up to £1.7m open offer

 

GDR

Genedrive (#GDR) – £2.1m placing at 1.5p per share, also a REX platform offer and an open offer

 

AMC

Amur Minerals (#AMC) – 2023 results and states “anticipates publishing an AIM Admission Document in May 2024”

 

MTC

Mothercare (#MTC) – FY franchise sales -13%, adj. EBITDA “marginally” increased but requiring “refinancing discussions”

 

ULTP

Ultimate Products (#ULTP) – Q3 revenue -7% YoY, profit warning

 

TTG

TT Electronics (#TTG) – cost actions as de-stocking has continued “and is now expected to normalise during H2”

 

SFOR

S4 Capital (#SFOR) – Q1 LFL net revenue -11.7% YoY, notes “client caution”

 

IAG

International Consolidated Airlines (#IAG) – notes Q1 growth, “well-positioned for the summer”

 

RMV

Rightmove (#RMV) – notes “different mix of ARPA and customer numbers” but overall FY financial guidance unchanged

Thursday »

LST

Light Science Technologies – “South Africa Distributor Agreement”, attempted ramptastic?

 

Bearcast

Tom Winnifrith Bearcast: Comrade Brian Basham wins a Beauty Contest for the first time in history

 

DGI

DG Innovate – placing including ‘to support the establishment of a joint venture and other commercial strategies’. Er, for how long will it so “support”?!…

 

Gold

Video: Closing the Gap – Gold Prices, Mining Stocks and When that Disconnect Closes

 

ECK

Eckoh – trading update, further risk to forecasts from elongated sales cycles with new enterprise clients?…

 

SYME

Shares in sister frauds Supply@ME and Regtech both hit new all time lows: Supply still breaching FCA Rules, what is it hiding?

 

AMC

Amur Minerals – a couple of things are niggling me as shareholder action group established

 

BMV

Bluebird Merchant Ventures – shares soar on another farm-out agreement, but looks much further to go

 

AVO

Advanced Oncotherapy: So long, farewell, auf wiedersehen, good night!

 

Clown

A failed fund manager turned blogger explians why the press is always wrong and he is still right to be bullish on UK PLC

 

Pinocchio

Does the Met Office think we are stupid? Hottest April since 1940 claim - Tom Winnifrith

 

AVO

Advanced Oncotherapy (#AVO) – gotcha!, AIM listing cancelled following shares suspension for almost 12 months

 

SONG

Hipgnosis Songs Fund (#SONG) – Concord Bidco not to increase $1.25 per share offer

 

DEC

Diversified Energy (#DEC) – Q1 argues “solid”, but a net loss and still vast debt

 

KEFI

#KEFI Gold & Copper – drilling programmes further confirm potential of Hawiah copper-gold project

 

WG

Wood Group (#WG.) – Q1 revenue -6% YoY, adj. EBITDA +4%, order book +9%

 

BBY

Balfour Beatty (#BBY) – continues to expect an increase in earnings in 2024, “in line with expectations”

 

SYNT

Synthomer (#SYNT) – “while there are signs of improvement in some of our end markets, visibility of a sustained recovery remains elusive at this stage”

 

ITV

#ITV – Q1 revenue -7% YoY, noting impact from “2023 US writers and actors strikes and the weaker demand from free-to-air broadcasters in Europe”

 

BA

BAE Systems (#BA.) – continuing to deliver growth in 2024 “in line with expectations”

 

WOSG

Watches of Switzerland (#WOSG) – acquisition of jewellery business Roberto Coin Inc. for $120m and $10m deferred contingent consideration

Wednesday »

JSG

Johnson Service Group – a trading momentum and calmer costs environment BUY

 

XPF

XP Factory – argues “continued strong performance”, but how “strong” really?…

 

Bearcast

Tom Winnifrith Bearcast: Do I want to catch the Alliance Pharma falling knife on sack Adam Reynolds day

 

PHC

Plant Health Care – argues “strong” trading, sufficiently strong for a more than 25% share price increase response?

 

WCAT

Wildcat Petroleum and South Sudan, spoofery put in context

 

MBT

Mobile Tornado – “contract win” ramptastic, how’s the balance sheet position now?!

 

KEFI

Kefi Gold & Copper – Tulu Kapi project launch progress update, now a compelling STRONG BUY

 

SYME

Technically insolvent fraud Supply@ME Capital breaks FCA Rules yet again: does anybody care any more?

 

OCTP

Gotcha! Oxford Cannabinoid, the crazy name Warwick Philosopher gal clearly did not do maths

 

CHLL

Chill Brands – as thick as two short Yanks: who are they kidding?

 

OCTP

Oxford Cannabinoid (#OCTP) – gotcha!, “Intended Cancellation of Listing”

 

APH

Alliance Pharma (#APH) – further 2023 results delay as “audit process remains ongoing”

 

APH

Alliance Pharma (#APH) – CEO Peter Butterfield to leave, appointment of Nick Sedgwick as CEO

 

LORD

Lords Group Trading (#LORD) – Stuart Kilpatrick to join as CFO on 4th June, Chris Day to step down next week

 

XPF

XP Factory (#XPF) – “double digit like for like growth in the three months to 31 March 2024, in line with the board's expectations”

 

BOO

boohoo (#BOO) – FY increased loss and swing to net debt, argues this year “expects to generate positive free cash flow”

 

JDW

J D Wetherspoon (#JDW) – LFL sales increase slower in latest quarter than company’s year-to-date, though expects FY profit “towards the top of market expectations”

 

DLG

Direct Line Insurance (#DLG) – argues Q1 growth “positive start”, with new leadership team

 

RSW

Renishaw (#RSW) – Q3 update, now expects FY adj. PBT towards lower-end of previous range

 

INF

Informa (#INF) – “delivering at the upper end of guidance range”, increasing share buybacks

Tuesday »

CPX

CAP-XX – argues “current trading on existing products remains strong”, but how “strong” really?...

 

Bearcast

Tom Winnifrith Bearcast: Don't tell me there is no insider dealing in London!

 

Clown

PR Genius Steffi - can someone translate her golden prose into English for me?

 

CMH

BREAKING: Chamberlin – shares suspended with winding up petition court hearing already held… and only announced now?!

 

EDEN

Eden Research terrible finals – what was Jo Hart smoking?

 

BMN

Bushveld Minerals – read between the lines, it is still utterly fecked, target 0p

 

FDEV

Frontier Developments – argues “making strong progress”, so why a bottom-line performance now that dare not speak its name?

 

MMAG

musicMagpie – shares hit new all time low: when will it stop the bid pretence?

 

Clown

Which AIM boss said last week: Why I define success by making myself redundant?

 

Bearcast

Tom Winnifrith bonus bearcast: no longer an insider on Kefi or Bluebird Merchant, oh what a joyous day

 

Crime-Scene

Ex Shard Capital Boss James Lewis gets life ban from financial services & fined £120,300 by the FCA, whose been a very naughty boy then?

 

WCAT

Wildcat Petroleum (#WCAT) – “Update from recent visit by Company to South Sudan” attempted ramptastic

 

EDEN

#EDEN Research – 2023 another loss (natch) after a net £9.1m of new shares issuance

 

ABDX

Abingdon Health (#ABDX) – acquisition of regulatory consultancy support business IVDeology for up to £0.7m in shares

 

MCON

Mincon (#MCON) – “subdued market environment in H2 2023 continued over into the new year… order books have begun to recover”

 

IWG

#IWG – Q1 “underlying quarterly system-wide revenue growth of 2%”

 

KEFI

#KEFI Gold & Copper – “remaining finance syndicate board processes are on track for final (conditional) approvals during May”

 

BMV

Bluebird Merchant Ventures (#BMV) – staged $5m agreement for up to 60% farm-out of Gubong project to production

 

TLY

Totally (#TLY) – “net debt remains unchanged from the interim period end”, “tough operational backdrop”

 

FDEV

Frontier Developments (#FDEV) – FY “now anticipated to be better than previously guided”… but still even adj. EBITDA loss of up to £5m

 

MACF

Macfarlane (#MACF) – Q1 sales -9.5% YoY, “strong gross margins… expectations for the full year are unchanged”

Monday »

ECP

Letter to Liam Murray: trading statement need from Eight Capital – time to admit the ghastly truth

 

Price-Vs-Value

ShareProphets readers tips for 2024 prize competition – early-May bank holiday update

 

NCYT

Legal misunderstanding, short Novacyt

 

ECP

BREAKING EXPOSE: Why Eight Capital’s £26m balance sheet is wholly illusory

Sunday »

Bearcast

Tom Winnifrith Bearcast: you may think I'm still a fat b*stard but I am proud as new weight hit

 

Clown

A failed fund manager turned blogger says UK stockmarket fine, buy equities

 

Gold

The View From The Montana Log-Cabin As Gold Correction Continues And More Dark Clouds Appear

 

Professor

Visual Aid: Which Country Has the Most Billionaires in 2024?

 

Quiz

The ShareProphets Sunday Pub Quiz #239

 

Professor

Sunday Long Reads: Glamping Everest, Who believes those the COVID vaccine harmed?, Hiding in an abandoned department store, Flat as Homeless Shelter, Pilot Errors

 

Top-10

Notes from Underground – Most read articles for the week ending 4 May

Saturday »

Bearcast

Tom Winnifrith Bearcast: May the 4th be with you, especially if you are a Lithuanian regulator

 

TRT

Transense Technologies – project in a new application and directors share buying, BUY

 

GoldfishShark

Video: The End of America’s Hegemony, buy gold and silver sell shares

 

ECP

BREAKING: what is it that Lithuanian Regulators have against Dominic White & £46m capitalized Eight Capital that they are NOT deemed fit and proper

 

SUPR

Supermarket Income REIT – first move in the French market, value income Buy

 

TM17

This Armchair Gaming King Looks Set to Zing Back into Profit Again.

Friday »

Beggar

Photo Article, Lucian Miers almost at the end of a 30 mile training walk in the Grim North

 

WRKS

TheWorks – moves to AIM, but how likely to bolster the reputation of the ‘casino’?

 

Bearcast

Tom Winnifrith Bearcast: Just so sordid

 

PYC

Physiomics – “trading update”, why still a balance sheet position that dare not speak its name?…

 

AVO

Advanced Oncotherapy: The cheque’s in the post or is it?

 

CHLL

Chill Brands: my harshest critics seem to admit that I was telling the truth after all! BTW: When’s the GM

 

Fork-In-The-Road

Video: Oil to $200, buy Gold & Silver

 

CAPD

Capital Limited – a recovering commodities sector BUY

 

ARB

Argo Blockchain: another meaningless update, what is it hiding?

 

SLP

Sylvania Platinum – Q3 report, still a recovery Buy

 

MIRI

Mirriad deeply discounted placing – it's not about accelerating growth it's about accounts sign off

 

ARB

Argo Blockchain (#ARB) – “April Operational Update”, lower mining revenue and doesn’t bother to include bottom-line financials (natch!)

 

MIRI

Mirriad Advertising (#MIRI) – £6.12m placing at 1.25p per share, up to £0.55m REX “retail offer”

 

AGFX

Argentex (#AGFX) – BookBuild Platform “retail offer” of up to £1.85m of shares at 45p each

 

ROAD

Roadside Real Estate (#ROAD) – FY further loss, argues creating an exciting portfolio of roadside real estate assets hmmm

 

WRKS

TheWorks.co.uk (#WRKS) – completes move to AIM from Main Market, confident “will deliver a significant cost saving”

 

FUTR

Future (#FUTR) – Sharjeel Suleman, currently CFO at ITV Studios, to join as CFO

 

DGE

Diageo (#DGE) – CFO at Coca-Cola Europacific Partners, Nik Jhangiani, to join as CFO with Lavanya Chandrashekar to “step down”

 

IHG

InterContinental Hotels (#IHG) – Q1 RevPAR +2.6% YoY, notes changes to System Fund arrangements

 

TRN

Trainline (#TRN) – FY adj. EPS up to 12.3p and new share buyback, argues “opportunity grows”

 

MNDI

Mondi (#MNDI) – Q1 lower EBITDA but notes improving demand and pricing

Thursday »

ELM

Elementis – Q1 update, still a winning share tip with further to go

 

LIFS

LifeSafe – “access to a global market valued at $9 billion annually”. Ramptastic, I wonder why!…

 

Bearcast

Tom Winnifrith Bearcast: I am beginning to think Cirata is a stonking short

 

AGFX

Argentex – this placing is looking messy: I did warn you all

 

KITW

Kitwave – “continues to trade in line with current market expectations for the full year”. Er, does it though?…

 

TEP

Telecom Plus – “towards the upper end of market expectations” from an already winning share tip

 

OPTI

OptiBiotix Health – Slimbiome manufacturing agreement in India, Strong Buy

 

IES

Invinity – the Monkey was half right!

 

SCE

Surface Transforms – “pleased to announce” result of a massively discounted fundraising, I wonder why!…

 

Bearcast

Tom Winnifrith Bonus Bearcast: Nightcap to buy Revolution Bars, you is 'avin' a giraffe La Willingham

 

Trump

Tom Winnifrith podcast: Russia, Ukraine and the American Election

 

Welsh_Flag

Really torn on how to vote today here in Wrexham, Tom Winnifrith

 

RBG

Revolution Bars (#RBG) – two drunks trying to prop each other up?; notes “exploratory meeting with Nightcap” (#NGHT)

 

UKOG

UK Oil & Gas (#UKOG) – “Loan Reduction Update” = more confetti-like shares issuance

 

IES

Invinity Energy Systems (#IES) – £28m conditional placing at 23p per share, with subscription total £56m, and an up to £6.6m open offer

 

AGFX

Argentex (#AGFX) – proposed fundraise for up to £5.09m at 45p per share

 

GPL

Graft Polymer (#GPL) – appointment of Anthony Tennyson as CEO and to lead a review, CEO Victor Bolduev to ‘step down’ to Chief Technology Officer hmmm

 

WIZZ

#WIZZ Air – April booked passengers -0.3% YoY, load factor -0.6ppts to 90.3%

 

RCH

Reach (#RCH) – Q1 revenue -6.7% YoY, notes “deprioritisation of news during 2023 by major platforms”

 

KITW

Kitwave (#KITW) – H1 impacted by lower hospitality demand with “historically high and sustained period of wet weather over recent months”

 

SHI

SIG (#SHI) – four months to 30th April LFL sales -6% YoY, “expectation of an H2 weighting” hmmm

 

TIFS

TI Fluid Systems (#TIFS) – Q1 revenue -2.6% YoY, -0.4% in constant currency, states “ahead of the market”

Wednesday »

SBRY

J Sainsbury – full-year results above guidance range and momentum continuing, Buy

 

Bearcast

Tom Winnifrith Bearcast: thoughts from my Neighbour's Funeral

 

ALT

Altitude – argues “very strong” trading, but what about the bottom-line?

 

DNM

Dianomi – results argue “well placed to drive scale and profitability”, but wasn’t it arguing similarly on 273p per share AIM listing in 2021?!

 

AAU

Just how many lunatics with a financial death wish own shares in Ariana?

 

AML

Aston Martin Lagonda – it is always jam tomorrow, surely still a short, losses running at £17.65 a second

 

COG

Cambridge Cognition – “pleased to announce” Results, Trading Update & Board Change. Er, what’s ‘pleasing’?!

 

HZM

Horizonte announces that its death has been postponed again but the Grim Reaper is still on his way

 

ALGW

Alpha Growth auditor walking and other problems – another GOTCHA for team Sheriff!

 

MAX

MaxRets Ventures and auditors MAH reported to the Financial reporting Council - this is a slam dunk

 

Professor

Sheep farming not the slave trade financed the Industrial revolution! Tom Winnifrith

 

TRIN

Trinity Exploration & Production (#TRIN) – recommended offer from Touchstone Exploration (#TXP) of 1.5 Touchstone shares per share

 

NCYT

Novacyt (#NCYT) – application by DHSC for summary judgment dismissed, trial hearing listed to commence on 10th June

 

SYME

Supply@ME Capital (#SYME) – 2023 loss of above £4m on revenue of just £0.158m, Going concern “material uncertainties” (natch)

 

HZM

Horizonte Minerals (#HZM) – senior lenders waivers extension to 15th May, though “does not believe… likely to recover any value for the company's shareholders”

 

RBG

Revolution Bars (#RBG) – 79.1%, 1p per share, open offer take up, fundraising remains conditional on General Meeting approval

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