Non-Executive Directors can play a crucial role in corporate governance in providing constructive challenge to Executive Directors and ensure that they are operating in a compliant fashion.  In terms of the manifest unsuitability of Supply NED’s to monitor the making of a cup of coffee let alone overseeing a PLC, I have previously highlighted the failings of David Bull at PCF Group (PCF) infamy but this time the spotlight falls on Ms Susan Chishti and her Non-Executive Directorship of JLG Group Plc where she has been a director since 1 February 2016.

After a recent equity raise, cybersecurity company Osirium Technologies (OSI) now “is pleased to announce continued new business wins”. So what of a current share price rise to 5.5p?…

Last April 15 musicMagpie (MMAG) joined the AIM sewer at 193p. Today, after publishing its first annual results, a tale of disguised cashburn and a deteriorating outlook the shares trade at just 112p.This is another example of the greed and stupidity of the 2021 IPO bull market. This time it is Peel Hunt which should hang its head in shame.

This morning’s RNS  from Eurasia Mining (EUA) smacks of desperation.  It’s missing any update on the only topic that shareholders are interested in: the sale; or the “liquidity event” as Eurasia referred to it in its 14^th of February RNS.  We’ve repeatedly highlighted issues with the supposed sale here on ShareProphets, but it should now be crystal clear that the political risk in Russia is off the chart, meaning that no non-Russian company is ever going to buy a mining asset in Russia!  And any Russian company will simply do what Putin tells them to do.

It was announced intra-day yesterday that sub-Standard Listed Cloudbreak Discovery (CDL) had raised £1.5 million (before expenses) in discounted placing at 7.5p a pop. This follows the miraculous rise of the shares which started ahead of the announcement of boardroom buying, which saw the shares rocket from around 1.75p to as high as over 13p yesterday, just before the announcement.

AIM-listed Advanced Oncotherapy (AVO) has announced that its first proton beam therapy unit at Daresbury has once again been delayed. First it was due in 2021, then the end of 2021, then Q1 2022….now we are told more tests during Q2 and then finalisation of the integration of the remaining high energy accelerating modules and reaching the 230MeV target over the summer. That sounds like Q3 for Mr Godot to finally make an appearance. Or not.

Hello Share Swallowers. This old punter stopped drinking a few years ago. But I still hanker after a glass of red wine. Beer I’m happy to forget. I merely follow a national trend. Wine drinking is going up among Brits and ale is on a decline. Proving that there’s a growing move towards el vino is Virgin Wines (VINO).

Happy St David’s Day and happy pancake day. I start with the spread betters and Russian stocks notably Petropavlovsk (POG), Eurasia (EUA) and Polymetal (POLY). Then I look in detail at MGC Pharmaceiticals (MXC), how it legged over investors in November and is a massive short even now before turning to Vast Resources (VAST), Advanced Oncotherapy (AVO), Cellular Goods (CBX),Novacyt (NCYT) and Avacta (AVCT) my big sector short which has seen its shares collapse to 46p but could easily halve again within weeks.

PGMs tailings materials retreatment company in South Africa Sylvania Platinum (SLP) has announced results for its half-year ended 31^st December 2021, noting a net profit of $24.4 million, “cash balance at 31 December 2021 of $110.1 million (HY1 FY2021: $67.1 million)” and that it is expecting second half-year PGM ounce production improvement.

Showing what complete geeks they are, the chaps at Peterhouse Capital have today launched the first of three SPC’s all named after famous Brits born within 100 yards of the Peterhouse City HQ.  But before you scoff at More Capital (Sir Thomas More was born in Milk Street) there are a couple of unusual and, actually rather creditable, features here.

Previously writing on payment technology for business communications company PCI Pal (PCIP), in November with the shares further lower below 70p I questioned how “excellent” the start to its current year?. Now half-year results and the shares at 58p, though up from a prior close 53.5p.

Analyst Luke Gromen of Forest for the Trees makes this clear. The media may tell you that sanctions will hit Russia but they are also going to whack the West.

Tern (TERN) is always happy to use the Adam Reynolds keyboard to publicise details of new deals for its investee companies but is much shyer about revealing any financial details.  Wyld Networks recently published its results for the year ended 31 December 2021, HERE, and unsurprisingly Tern didn’t bother to highlight them probably because financially they were piss poor..

Previously writing on essensys plc (ESYS), which describes itself as a “leading global provider of mission critical software-as-a-service platforms and on-demand cloud services to the flexible workspace industry”, in July with the shares at 300p I concluded the future improvement needed to justify the valuation meant the stance was avoid / sell. Today a half-year trading update and the shares, having last closed at 245p, currently below 130p!

After yesterday’s FY results were released by sub-Standard listed AIQ (AIQ) I pointed out that the recent insiders convertible loan was, we were told yesterday, at a ludicrous interest rate of 5% per day. The usual form for auditing accounts is that the auditors audit not only the numbers in the financial statements, but the notes as well. Yet later that day, the company had to ‘fess up that it had got it all wrong. Talk about being unable to organise a piss-up in a brewery!

On 15 February 2021, the administrators of High Street Grp filed its statement of Joint Administrators Proposals. I hope that the FCA which ignored our numerous warnings on what could be the largest mini bond scandal ever, a more than £200 million black hole, feels truly ashamed about what we discovered.

Hello Share Chasers. A company fairly prominent in the daily winners list for the past few sessions is ITM Power (ITM). It generates hydrogen. The recent share performance is with, of course, uncertainty over oil and gas supplies caused by Putin’s war. Hydrogen is an alternative fuel that doesn’t affect greenhouse warming.

 The strictly private and confidential letter was sent to the 10,000 but thanks to Winnileaks I bring it to you in full … Enjoy. 

If you are a GlaxoSmithKline (GSK) investor, you may have noted last week that the FTSE-100 company observed the new name for its consumer health business ‘Haleon’ is from “Hale” (meaning in good health) and “Leon” (which it claimed was associated with strength) and declared it was to be pronounced “Hay-Lee-On”. Enjoy mispronouncing that! Of course the urban dictionary’s definition is a little bit alternative to this… So should GlaxoSmithKline’s shareholders be excited or concerned about July’s upcoming business split of the consumer health and core pharmaceutical business?

Packaging group Macfarlane (MACF) has announced results for the 2021 calendar year and that 2022 trading in the early months has been “encouraging” and that it is confident it will deliver further growth.