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Latest News

CKT

Checkit plc – argues “significant opportunities”, but how many are already in the price?...

Provider of business technology jargon(oops) an “intelligent operations platform for the deskless worker”, Checkit plc (CKT) has announced a trading update including “the group delivered bookings growth of 95%… Cash at 31 January 2022 was £24.2m (31 January 2021: £11.5m)… The board remains confident in the significant opportunities presented by the growing deskless worker industry”. So what of a share price of 46p, down from 66p reached last year?…

AAU

Ariana – Gold News From Venus: Still A Buy

AIM-listed Ariana Resources (AAU) has released details of Gold discovered at the Klirou sector of the Magellan project in Cyprus, owned by 50% investee Venus Minerals which is itself set to list in London.

Bearcast
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Tom Winnifrith Bearcast - Accepting the resignation of Peter Brailey as there is a line in the sand

I want to be 100% transparent with you so I explain why, as of 8 AM today, Peter is no longer a member of this parish after apologising for yesterday’s poor sound quality for which there was a good reason. I look at two shocking economic statistics and what they mean. I then cover: SkinBiotherapeutics (SBTX), Bluebird Merchant Ventures (BMV),  AEX Gold (AEXG), Novacyt (NCYT), Avacta (AVCT) and Cake Box (CBOX). 

MNZS

John Menzies – possible offeror NAS steps up pursuit with agreement to acquire shares...

Previously writing on John Menzies plc (MNZS) I noted possible offeror trying again… though only with a reiterated price. That was of 510p per share and I considered ‘NAS is unlikely to get anywhere with its latest engagement attempt there. The shareholdings in John Menzies are also disparate, with even the top shareholder having a less than 7% stake, and with the current vociferous opposition by the John Menzies board, a deal at the currently suggested level looks difficult’. Today from possible offeror NAS“Statement re Acquisition of Shares in John Menzies”

RKT
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Reckitt remains a core FTSE-100 share position for me

Last October I observed that Reckitt Benckiser (RKT‘without working hard offers the scope for a £60-70 share price plus picking up a dividend’. In short a holding in the ‘home to the world’s best loved and trusted hygiene, health and nutrition brands’ group theoretically for FY22 is probably over ten times more interesting than government bonds or money in the bank. How many times a month do you – or someone in your household – use Finish, Dettol, Air Wick, Nurofen, Vanish, Harpic, Calgon or Durex products? My guess is more than once. So what about the shares today post the group’s full year numbers publication?

KEFI
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Kefi Gold & Copper – Tulu Kapi gold project update, a progress to development Buy

Kefi Gold & Copper (KEFI) has made a Tulu Kapi gold project (TKGM) update including that “the Ethiopian Ministry of Mines has allowed until 8 July 2022 for full project financing and launch commitments to be achieved”. So what of a share price still around 0.70p?

GOLD
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My continuing love for Barrick Gold

One of the best things about not being an institutional fund manager (in my case for nearly nine years now) is being able to manage your own pension fund. One of the first shares that I purchased after switching all of my corporate pension fund away from the terribly boring investment structure that used to run it was Randgold Resources. The west and central Africa gold mining business had already been one of my top institutional holdings for about six years at that point although – if I recall – most other people thought I was a lunatic buying it, especially when there was a bit of political excitement in places such as Mali and the DRC. It was much better than buying an index fund then and that good run continued before it culminated with the company leaving the FTSE 100 index…as it had been purchased by the Canadian giant Barrick Gold (NYSEGOLD). Very sensibly the Canadians asked the Randgold management team to run the whole business, so I took the shares rather than cash, which brings us four years later to today and full year 2021 numbers…

EVR
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Evraz plc and the Media Muddle

Given the hysteria surrounding the situation in Ukraine over the weekend, the falls in Western-listed Russian names were relatively muted with most being down low single digit percentages on Monday. The exception to this appeared to be FTSE 100 constituent Evraz plc (EVR), the steel producer and coal miner with major operations in Russia and Ukraine. The stock which had closed on Friday at 444p opened at 285p, showing a decline of 159p or 35%. The press was quick to latch on to this “carnage”:

AEXG

Thar's Gold in Greenland's Icy Mountains and this Fiesty Firm's Out to Exploit it

Hello Share Turners. As we on this spiffing website are a discerning bunch, there’s a high probability you’re familiar with ‘Scandinoir’. That’s the hard hitting crime TV we can watch from Denmark, Sweden, Finland and Iceland. I’m a huge fan, which leads me to look at AEX Gold (AEXG). This mining outfit has a big cheese from Iceland and operates in icy Greenland. And it’s been commended from time to time by Steve and Tom.

FLTA
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Filta Group – all share takeover by Franchise Brands, it right to be “pleased to announce” this?...

Franchise Brands (FRAN) and Filta Group (FLTA“are pleased to announce that they have reached agreement on the terms of a recommended all share offer by Franchise Brands for Filta”. However, shares in both are currently down on the news, so what’s the story?…

BOO

Picture Article: Naughty Mahmud - the BooHoo advert that has just been banned

My friend Mahmud Kamani really has been a naughty, boy. The sexist old beast tried to run the advert below for Boohoo (BOO) but the Advertising Standards Authority has banned it for being sexist and objectifying women. Truly shocking. I am sure that all the free publicity Mahmud is getting will really piss him off. Not.

Bearcast
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Tom Winnifrith Bearcast: Just how do market makers work and set prices

I am asked this question by a long suffering reader in relation to Skinbiotherapeutics (SBTX) and do my best to answer. I look at IQE (IQE),the curious share dealing of Mr Drew Nelson and whether I’d be tempted. I still see no sign of the IPO of Zak Mir’s crazy media investment company which he said was imminent two weeks ago. Is it Lift off?  I comment on Bluebird Merchant Ventures (BMV)  and then have a detailed look at Sarah Willingham’s Nightcap (NGHT) in light of today’s expose. It really is a one way bet. Down. 

ITX

Itaconix – 2021 results date to ‘avoid peak period’… or to enable a bailout equity raise attempt before it?

Shares in company describing itself as “a leader in plant-based specialty polymers used as essential ingredients in everyday consumer products” Itaconix (ITX) are currently more than 18% higher on the day to 5.85p, so what’s the news?…

AVCT
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Avacta – a chance to double up on the short

Small stake-building by a French Covid tester in Novacyt (NCYT) saw its shares surge yesterday and that prompted jumps across the sector. Over in Bulletin Board Moron land the talk was of merger mania sweeping the sector. I hate to disillusion you guys …

RAI

RA International – ‘stalled order book momentum’. Er, isn’t it somewhat worse than that?...

Remote site services group RA International (RAI) has announced full-year revenue “in line with management expectations” and that “the underlying business has remained profitable through this disruption and our solid balance sheet supports our forward looking requirements”. So what of a current share price response to 29p, more than 23% lower?…

NGHT
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BREAKING: NightCap - another very material example of misleading investors

AIM sewer posterboy NightCap (NGHT) still has massive questions to answer over misuse of shareholders cash by CEO Sarah Willingham and her husband Michael Toxic. But there is a another elephant in the room: how it is misleading investors as to just how poor its underlying trading position is. This matters as we head rapidly towards the next bailout placing.

MIN
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Minoan – Company Update: Light At The End Of The Tunnel? Not yet, it seems!

AIM-listed holiday resort developer in Crete Minoan (MIN) announced a company update yesterday. There was news from the boardroom and some positive noises from the Cavo Sidero project in Crete as well as some developments with regard to Greek law which the company the company thinks will have a positive impact. So is there light at the end of the tunnel?

JLP

Thar's Lolly in Old Mine Waste and this Recovery Specialist Aims to Grab it

Hello Share Speakers. Mining investment is more speculative than other areas of share buying. But the rewards may be better. My own policy is to pick companies which don’t just rely on exploration. An outfit that concentrates on recovering metals from mining waste is Jubilee Metals (JLP).

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