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Tom Winnifrith Bearcast: 4 potential zeros and one sure fire hero
I start with reflections on personal experiences in this land with Swedish tax rates and Somalian public services. I exaggerate a bit at both ends but you get my drift. Then it is on to CapXX (CPX), Sareum (SAR), Victoria (VCP), Chill Brands (CHLL) and Optibiotix (OPTI)- By Tom Winnifrith |
- 13 March 2024, 15:36 |
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Gym Group – 2023 results, how “positive” is the trading momentum really?
Gyms operator Gym Group (GYM) has announced results for the 2023 calendar year headlined “Positive momentum continuing” and the shares have currently responded more than 7% higher towards 118p. With that though still slightly down from the share price reached in September and comparing to above 140p early last year, what does the trading performance suggest is a fair valuation here?- By Steve Moore |
- 13 March 2024, 15:35 |
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Voyager Life merger with near bankrupt company: it takes the piss again
What on earth is my old friend Liam Murray of Cairn Financial, advisor to pot play Voyager Life (VOY) smoking? Has nobody told old Liam that weed has got a lot stronger since he was at University and can make you do all sorts of crazy things like signing off on statements that make no sense whatsoever. Please Liam seek help. Just say No!- By Tom Winnifrith |
- 13 March 2024, 14:12 |
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GOTCHA! Yet more ouzo for the Sheriff - Victoria: More problems at t’ mill, still potentially a £260m zero
Colourful Geoff Wilding, the BSD at carpets roll up/financial construct Victoria (VCP) says that there has been “a lot of noise around Victoria in the last six months.”. Yes, auditors saying accounts could not be verified, profits warnings (there is another today), debts surging. As a perma bear, publishing numerous warnings on this fine website, I won’t argue with Geoff as he coughs up yet more bad news, sugar coated with spoofery.- By Tom Winnifrith |
- 13 March 2024, 13:14 |
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IXICO – trading warning, prior revenue guidance that now dare not speak its name!
Previously writing on medical analytics company IXICO plc (IXI), just over a year ago with the shares up to 26.5p I was cautious noting trading and bottom-line concerns. So what of today a “Trading Update” and the shares further lower from an 8.5p most recent close?
- By Steve Moore |
- 13 March 2024, 13:00 |
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Musicmagpie Dog’s Dinner results suggests it is teetering on the brink and no bidder is mad enough
There was no mention at all of any possible bid approaches in today’s dog’s dinner results from musicMagpie (MMAG). For a company supposedly in an offer period that tells you everything. Nobody is interested. I have more chance of shagging Cheryl Cole than music does of getting an offer for its equity. And the results show exactly why. According to the world’s greatest expert on this company, “These results, for the 12 months to November 30, make an ideal case study in creative accounting aka turd polishing.”- By Tom Winnifrith |
- 13 March 2024, 12:00 |
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GOTCHA: CAP-XX – needs equity raise it admits “is taking longer than anticipated” by end of the month or it’s bust!
I first warned on shares in self-proclaimed “world leader” in energy management systems CAP-XX (CPX) in 2016 with they then down to around 4p and most recently, noting legal expenditure and cash concerns, just yesterday with they at 0.40p. Now from the company there’s a vaguely-titled “Corporate Update” announcement, following the “Retirement of CFO” announcement just yesterday. Hmmm…
- By Steve Moore |
- 13 March 2024, 10:47 |
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GOTCHA: Blue Star Capital: not just the P&L but the balance sheet was, as predicted, fiction, shares collapse again
Much hyped sub-scale investment company Blue Star Capital (BLU) was a company I warned about in the most explicit terms about two years ago when the shares were 0.403p, a market cap of £20.2 million. After shocking, or not so shocking, news today this Jonathan Bixby/Mike Edwards created spoof sees its shares at 0.0375p a market cap of just under £2 million. So that is a 90% drop in two years. Ouch. Of course, the gerbils knew better than old TW@! They always do.- By Tom Winnifrith |
- 13 March 2024, 10:06 |
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Why anyone who believes a BB or Reddit rather than a primary source is a fool
Sadly, the world is populated by fools. Gone are the days when even university students learned from primary sources rather than from what they copied from the internet. As for the chat room gerbils, here is a gem on Optibiotix (OPTI) from ADVFN:- By Tom Winnifrith |
- 13 March 2024, 08:34 |
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Tom Winnifrith Bearcast: Ariana, don’t shoot the messenger! Though he almost deserves it!
In today’s bearcast I discuss, at length Ariana Resources (AAU), I look at Regtech Open (RTOP) as it appears to be at the point of collapse and is clearly technically insolvent. I discuss Regional REIT (RGL) and then welcome the news of a CMA enquiry into vet pricing and look at CVS Group (CVSG) in that vein. In many ways I see similarities between vets in the UK and what happened to the Funeral Parlour market. Capitalism did not work out as planned.- By Tom Winnifrith |
- 12 March 2024, 15:40 |
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CAP-XX – “Retirement of CFO”. Er, why the very limited transition time?
A “Retirement of CFO”-titled announcement today from CAP-XX (CPX) and which also includes that the responsibilities will be assumed by Financial Controller Ruvina Dissanayake. So an orderly transition then?- By Steve Moore |
- 12 March 2024, 15:40 |
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Ariana – Good News From Tavsan, the shares will at least almost double: BUY
AIM-listed Turkish gold-producer Ariana Resources (AAU) served up good news this morning regarding its forthcoming second mine at Tavsan in the form of drilling results and a (very) brief update on the mine construction.- By Nigel Somerville |
- 12 March 2024, 13:49 |
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Tom Winnifrith Bonus Bearcast: 12 UK stocks to go to zero by Christmas
After the dual triumphs of the demises of Bidstack (BIDS) HERE and Canadian Overseas (COPL) HERE yesterday I predict 12 more companies to go to zero by Christmas and explain why in each case. Versarien (VRS) is not on the list but please do not think that it too will not hit zero by Christmas, it will. I just forgot to add it in.- By Tom Winnifrith |
- 12 March 2024, 13:49 |
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Superdry and a ‘no-one watching o’clock’ “lending facilities with Hilco” announcement
Fashion brand company Superdry (SDRY) has confirmed “that it is in discussions with Hilco over an increase to its lending facilities… and an extension to the maturity date of its facilities with Hilco by six months to 7 February 2025”. What of the shares currently down towards 30p, an approx. £30 million market cap, on the announcement having commenced this month at above 40p?- By Steve Moore |
- 12 March 2024, 11:42 |
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Skinbiotherapeutics: Stuart Ashman answers email as his death spiral naivety exposed again
I asked Stuart Ashman yesterday if anyone had received a fee for introducing Skinbiotherapeutics (SBTX) scumbag death spiral provider CLG and, to his credit, and my amazement, he has answered.- By Tom Winnifrith |
- 12 March 2024, 10:50 |
Catenai – monster dilution
Catenai (CTAI) may, cynically, have changed its name from Catenae Innovation to try and cash in on an AI reference, but it remains the same pointless cash guzzling company.- By Tom Winnifrith |
- 12 March 2024, 09:23 |
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Tern – Is Another Shoe About To Drop At Wyld As Investors Await Dire Results And Yet Another Cash Crisis?
AIM-listed jam-tomorrow (except tomorrow never comes….) investment company Tern (TERN) is having a predictably tough time of things at the moment. I say predictable: Tom Winnifrith and I have warned and warned and the shares continue to slump. Tern has already seen one investment go to the wall (Konektio), the value of its investment in Device Authority has been halved and Tern has had to do a massively discounted but very small placing to keep the lights on. As that money runs out, there is another problem…- By Nigel Somerville |
- 12 March 2024, 08:06 |
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Peak David Lenigas ramping: buy shares in my company at 13.25p, target price infinity!
This is not ramping but according to David Lenigas, serious joined up thinking about his latest penny share promote loss making sub scale Vinanz (BTC). The target price is infinity. I kid you not.- By Tom Winnifrith |
- 12 March 2024, 08:05 |
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A tips of the year update – from a mea culpa to a share soaring?...
Following tips of the year success last year, I repeated the selection strategy this year. Last month I reviewed a mea culpa?, with one performing much better than the other. What of now with further significant share price movement?
- By Steve Moore |
- 12 March 2024, 08:05 |
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RBG Holdings – “pleased to announce… Result of Retail Offer”. Er, really?!
A “Result of Retail Offer” announcement today commencing, “Further to the announcement made by the company on 23 February 2024, RBG Holdings plc (AIM: RBGP), the legal and professional services group, is pleased to announce”. So good news then, with the shares at 8.85p?- By Steve Moore |
- 11 March 2024, 15:44 |