I discuss those threats and at a company level I add commentary on Nightcap (NGHT), Cake Box (CBOX) Chill Brands (CHLL), Cellular Goods (CBX) and Supply@ME Capital (SYME)

Following, in January, excellent analysis noting accounting issues by Maynard Paton and added to by Tom Winnifrith on this website, Cake Box Holdings (CBOX) played it down as “commentary from a retail investor blogger”. Now “Management Changes and Trading Update”…

Capricorn Energy (CNE) has seen its share price weaken since it announced a tender offer as opposed to a special dividend, which many investors had been expecting, but remains one to hold.

On 21st February Fusion Antibodies (FAB) announced the resignation of CEO Richard Jones, though stating “Richard will remain with the company while arrangements are put in place for his successor. The board has initiated a formal search for a new CEO”. It has today announced that “Richard Jones has now stepped down from his role as CEO, effective from 11 March 2022”. Who’s the successor then?…

Like all piss poor companies, in the end NightCap (NGHT) will run out of other folks’ cash.  But there are also massive corporate governance red flags to address. In my article of Saturday 20 November 2021, A GROWING SCANDAL: Sarah Willingham’s Nightcap: questions for the independent non executives and the auditors, I focused on two payments made to Sarah and her husband Michael Willingham-Toxvaerd being:

Regular readers may recall what I said about Phoenix Group Holdings plc (PHNX), “one of the largest providers of insurance services in the United Kingdom” last August, when I observed that it was smarter to watch “a Phoenix Nights DVD rather than (own) Phonenix Group shares”. If you haven’t ever watched the comedy series from about twenty years ago, then my view remains that you really should. But what about shares in the latter which had its full year numbers today?

We shall come to the matter of the £167,500 and other ESG red flags later, for now let’s focus on interims from NightCap (NGHT) which show very clearly that a cash crisis is imminent.  The half year is to 26 December. That means you get a full month’s takings in what is the busiest month but since you don’t pay suppliers for at least 30 days and avoid 5 days of largely income free costs, the balance sheet flatters to deceive.  I have asked NightCap on what day it pays its staff but so far it has not responded. I wonder why. Even with the bodges the numbers are dire.

Hello Share Punchers. House building seems to me a promising sector and my favourite member of the group continues to be Berkeley (BKG). The future looks bright with underlying sales reservations slightly better than before the virus.

There was no Bearcast yesterday as I was a) knackered after a tough Rogue Bloggers for Woodlarks training walk and then b) a bit pissed after Ireland’s triumph over the infidels. You can now donate to the 2022 Rogue Bloggers walk on June 11 HERE. In today’s podcast I discuss Optibiotix (OPTI), a long chat with Steve O’Hara and an, in my view, mistaken, but for him massive, call by Lemming Investor. I also cover SkinBiotherapeutics (SBTX). The Russia/Ukraine podcast I refer to is HERE

Back in August last year I observed that “when the FTSE 100 dumps next, have a look at Prudential (PRU)”.  So given that markets have been volatile year-to-date and the insurance giant has in the last week published its full year 2021 results, how am I thinking about the stock today?

Grab a cup of tea, sit back, and test your knowledge against the other ShareProphets members. Write your score in the comments, there are no prizes, and most important of all – no Googling!

This week we have annual results from fully-listed Centamin (CEY) on Wednesday and I’m hoping for production guidance from AIM-listed Ariana (AAU). But with the Gold price all over the shop it will also be interesting to see how the coming week plays out for fully-listed investment trust Golden Prospect (GPM).

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? 
 

What a week! A week ago Gold was at $1973 and threatening to take out the all-time high from August 2020 at $2063. It squeaked over $2070 intra-day on Tuesday then in a volatile week dropped back down to $1960 on Friday, before recovering to close the week at $1991. Silver had a similar whip-saw week, as did markets in general – and I fancy that we are in for more of the same next week as Ukraine continues to play out, the Fed announces its first interest rate hike (or not….) and inflation continues to run amok.

These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom story is For those who like taking big risks, Polymetal offers potentially huge upside if the situation in Ukraine is resolved – speculative buy by Gary Newman at Number 2 or Number 8 if you include bearcasts.

Fresnillo (FRES) has announced 2021 results and on-going challenges but also confidence in its prospects. Really?

I see that amid some optimism that we might see peace in Ukraine the FTSE 100 is staging a bit of a rally as I write.  And with that all sorts of stocks among the small and mid-caps are heading higher. Of course, I pray for peace. If we get it then all stocks will be marked higher but for how long?

H&T Group (HAT) has announced results for the 2021 calendar year and that looking ahead it “is well positioned”. Is it?

Julian Pike brands himself as a specialist in reputation management so surely being accused of fraud, as you can see below, means that he must defend his own reputation by firing off a libel writ at once?

Hello Share Hunters. I don’t know about you, but I feel totally on edge and sad at the mo. I’ m not sure whether its the madness in Ukraine or that my share portfolio is well down in value. I hope, for the sake of my humanity, that it’s the former. And I think it is. Because as I’ve argued before the Footsie often soars when the initial shocks of war are out of the way. Ordinary share owners can’t do anything to make Putin stop. But we can minimise any damage to our portfolios.