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Quiz
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The ShareProphets Sunday Pub Quiz #170

It's time for thw ShareProphets Sunday Pub Quiz. Put the kettle on, put your score in the comments, and No Googling!

 

  • 4 December 2022, 10:19 |
Oil-Rig

Graphic: The price of gasoline around the world

Most people suspect that the UK has some of the highest petrol prices in the world. The truth is: we do! Another good illustration from Visual Capitalist, at US $7.20 per gallon, we're at the top – along with most of Europe. The US is US $4.00 per gallon, just slightly cheaper than China. Iran charges US $0.20.
Professor
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Sunday Long Reads: Frozen Dinosaurs, Missing Backpackers, Spying Qatar, Las Vegas Murder, Nightmare House

Here are five long reads that have nothing to do with shares.. Put the kettle on, find a comfy chair. You have the time, don't you?  

Top-10

Notes from Underground – Most read articles for the week ending 3 Dec 2022

The most-read non-quiz non-Tom article this week is from Lucian Miers with  ‘Thoughts on the FTX scandal and a Short idea from one of the few to emerge from it with credit’ at No 3 or No 8 including Bearcasts.

Bearcast
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Tom Winnifrith Bearcast – why I'd be short ASOS, a tale from 1938 & Malcolm bonkers again

I explain why Bearcast is late. There are several reasons but the main one is me distributing Christmas presents in Bristol to an Aunt and a Great Aunt and it is the latter's story from 1938 regarding Munich which I find so fascinating.  Then it is onto ASOS (ASC), the CFO merry go round and the fundamental reasons why it is a short. Finally Comrade Stacey is almost 100% in cash. Three Brains Bailey is 0% in cash. I explain why I agree with three brains
VP
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Vp plc – interims, a “sustained demand”: Buy

Equipment rental company Vp plc (VP.) has announced its results for its half-year ended 30th September 2022 and that “reflecting these results and our view of the future prospects of the group, the board is declaring an interim dividend of 11.0 pence per share an increase of 5%”. This sounds encouraging.
ING
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Ingenta – swift gains from our September share tip of the month, bank profits?

We recommended shares in provider of software and services to the publishing industry Ingenta (ING) as our September tip of the month at a 93p offer price. They have now reached a 130p bid price.

TSCO
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Don’t panic, sensible corporate names such as Tesco’s have all the answers

couple of months or so ago, I observed that “Tesco (TSCO) is a solid place to do your food shopping – and the same is now true of shares in the company”. The stock was about two quid a share then and it is over 10% above that level, which is alright (and we have not even noted again the 5% dividend yield). Whilst Tesco remains a very solid portfolio holding - and very boring pension fund investors, so much better than holding a government bond - I was intrigued to hear the company’s CEO observe on a BBC report that “households are switching from buying fresh food to cheaper frozen goods as the cost-of-living bites into budgets”...
Gold
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The View From The Montana Log-Cabin As Gold Marches Higher And The Fed's Warning Light Is Ingnored

Gold finished the week at $1798, having been as high at $1803 – nicely up on last week’s $1756. Gold mining stocks too headed further up as the recovery since the September low continued, as can be seen on my chart of Gold versus the Gold mining ETFs GDX (major), GDXJ (juniors) and GOEX (explorers):

Bear

Inflation, Inflation, Inflation. That's Why I'm Staying (Mostly) in Cash.

Hello Share Trudgers. There’s a feeling in the city that shares will soon rally. A few well-known analysts have said that British equities are cheap compared to the world. And indeed the Footsie has been creeping up. But this old punter believes that - apart form a few lucky sectors - British shares will stall again. Here’s why I’m staying in cash.

MIND

Mind Gym – interims, emphasises profitability. Really?

Previously writing on behavioural science-based business improvement company Mind Gym (MIND), in October with the shares up to 97.5p I noted it emphasised “Significant H1 momentum driving growth”, but questioned how effectively?. Now it has announced results for its half-year ended 30th September 2022.

TERN

Tern – Spot The Pre-Placing Ramp: SELL!

AIM-listed jam-tomorrow (if ever) IoT investment Company Tern plc (TERN) has followed up yesterday’s ramparoonie over Wyld (listed on the joke Nasdaq-of-the-north exchange in Stockholm) with a big announcement of a new contract for jewel-in-the-crown Device Authority worth $1.2 million…….over five years.

Bearcast
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Tom Winnifrith Bearcast - you are just too kind says a fellow Argo Blockchain bear and 2+2 does not always equal 4

Thanks for all the kind wishes about my health and that of Joshua, we seem to be on the mend. In today's podcast I discuss Kefi Gold & Copper (KEFI), Skinbiotherapeutics (SBTX), Argo Blockchain (ARB) and - in detail - Victoria (VCP) 

DCTA

Directa Plus – trading warning. How much faith to have in its stated 2023 confidence?

Previously writing on company describing itself as “a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets” Directa Plus (DCTA), in October with the shares up to 89.5p I concluded that its recent announcements and above £59 million market cap meant that I retained caution, still avoid/sell. The shares last closed at 83.8p but are currently falling well below 80p on the back of a “trading update”.

Gold

Video: Gold – The Anti-Fiat Bubble

Diego Parrilla is an author, engineer and economist and a gold bug.

MEAL
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Parsley Box share price is soaring as it approaches delisting, offering one last chance to get out whilst you still can - strong sell/avoid

Parsley Box (MEAL) has seen its share price soar over the past couple of weeks on news that it is planning to delist, which seems rather strange as I can’t imagine all the PIs who have been buying actually want to be stuck holding this after it ceases trading on AIM.

MAC
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Do I really want my taxes lent to upper class twit of the Year Mark Warde-Norbury and Marechale?

The bounceback loan scheme of the then chancellor Rishi Sunak was meant to help small businesses suffering a covid hit to get access to funding to see them through.  As we taxpayers face the highest tax hit in 70 years let’s look at one worthy recipient, Mark Warde-Norbury, speaking to us from the stately home at Hooton Pagnell which has been in the family since 1704. Mark runs Marechale (MAC) a sub scale investment bank which snuck interims out just before lunchtime, allowing Mark time to shoot some wildlife and thrash a few peasants before he speaks to the great unwashed. 

TNT
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Tintra – could Richard Shearer’s stake soon really be worth £90 million?

Since I wrote about Tintra (TNT), its rule breaking and interim results on 27 October, it has busy with a few new announcements. Is this now a quarter of a billion dollar spoof?

ARB
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Argo Blockchain – precisely just how little cash is left

On 7 October Argo Blockchain (ARB) announced a series of measures to raise $39.5 million and claimed that this would be enough to last 12 months. Now I have doubts about that claim but unfortunately a proposed $27 million placing fell through so where is the company now?

CINE
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Cineworld shares zoom – has anything changed?

Yes. The share price. Up 30% at the start now 17% ahead at 5.4p.  That has changed. But anything else?

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ANP

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Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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