Transense Technologies – from “transformational change in the scope and commercial reach of the iTrack system” to...
February-announced half-year results from Transense Technologies (TRT) included “there has been a transformational change in the scope and commercial reach of the iTrack system, and the business has the potential to deliver a significant breakthrough in market penetration”. Now the company “is pleased to announce… in order to capitalise fully on the market potential of the use of the technology, the operational business and trading assets relating to the iTrack system have been transferred to ATMS”. For a high price then surely, given the noted scope and commercial reach...
- By Steve Moore |
- 25 June 2020, 15:15 |
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Ouzo Time Again! Trafalgar Property – The Bailout Arrives at 0.08p but is it enough? Er……
Technically insolvent AIM-listed POS Trafalgar Property (TRAF) has announced a bailout placing/subscription, courtesy of a Peterhouse special, to raise £750,000 at just 0.08p. Alongside that, there is a corporate loan restructuring which will see £600,000 of intercompany debt morphed into convertible loan notes issued to a director but still leave behind a further £1.4 million debt to said director. Well, you can’t say you were not warned…….
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 25 June 2020, 13:43 |
Velocys… and there’s the necessary fundraising – at a massive discount (natch & as warned here)...
Previously writing on Velocys (VLS), last week I noted a “Trading Statement” speeding ticket with the shares falling towards 13p though still concluding since the share price compares to below 3p little more than a month ago – was the company forced to make the statement? Still however ‘opportunity’ for a necessary fundraising? – at a discount (natch) with a currently still more than £84 million market cap. Bargepole / sell. Now this ‘sustainable fuels’ technology company “is pleased to announce that… it has raised gross proceeds of £20 million… accelerates our ability to provide commercial scale turn-key solutions”...
- By Steve Moore |
- 25 June 2020, 12:36 |
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Can Royal Mail remember it is a private company?
Royal Mail (RMG) really should be renamed Royal Wail by long-suffering shareholders. Today's full year to the end of March numbers are unsurprisingly in two parts, although the gap between pre-Covid lockdown and the last few months is not as wide as seen by other corporate names. If only this could solely reflect a necessity, utility-style, business at the heart of our national life...
- By Chris Bailey |
- 25 June 2020, 11:40 |
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Inflecting an irregular noun contest – hat tip Andrew Bell
No prize here just a chance to display your intellectual genius. Ideally the answers will be stockmarket related. I suggested to Andrew Bell that if he was a real stockmarket spiv he’d spin off the Aussie gold tenements of Red Rock Resources (RRR) via an IPO as the market is red hot. He thinks it’s a good idea but asked if that made me a spiv too for suggesting it? I replied by explaining the irregular inflection of the word stockmarket spiv:
- By Tom Winnifrith |
- 25 June 2020, 11:09 |
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Massive new bear dossier on AIM "darling" Elecosoft
A new research house specialising in AIM stocks launches today with a damning 100+ page report on Elecosoft (ELCO), a darling of the Casino. Shares in this company are rated highly by Stockopedia (always a red flag), and are being pushed aggressively to retail investors via outfits such as Vox. But the report from Ciphersense Research is damning. Related party deals, uber aggressive accounting, shocking corporate gvernance, executive greed, a rotating door of FDs, pointless acquisitions, failure to file subsidiary accounts. All is exposed.
- By Tom Winnifrith, The Sheriff of AIM |
- 25 June 2020, 09:24 |
This Finance Planner With a Sparkling Record of Making Money Should Recover from the Virus Faster than Most
Hello, Share Diggers. Like most companies in the financial world, my choice for your further investigations today has had a scary ride over the last four months. Perhaps more than most. AFH Financial Group (AFHP) has a nationwide network of more than 200 independent financial advisers whom it helps to plan financial goals for clients. It has 12 offices nationwide and £6 billion in funds under management...
- By Malcolm Stacey |
- 25 June 2020, 09:24 |
Itaconix – I having previously warned, including of funding concerns...
Previously writing on Itaconix (ITX), last month I noted with the shares at 1.55p Woodford dog updates including “increasing demand”, BUT... noting the context of “revenues for the first four months of 2020… an increase of 42% over the same period in 2019”, to… $0.6 million! and funding still only possibly until the end of August and concluding avoid / sell. Now…
- By Steve Moore |
- 24 June 2020, 17:18 |
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UK Oil & Gas – The latest Pump and Dump and is that a dodgy deal I smell?
The lower reaches of the AIM market seem to throw-up, on a daily basis, some sub-standard sub-scale company that sees its share price rocket for no good reason, only to fall back as reality kicks in. So far this week it appears to be UK Oil &Gas’s (UKOG) turn. With ramping on Twitter and the LSE bullet board asylum in full flow, all it needed was a few tweets from Dave Lenigas to get things rocketing to the moon. Of course gravity will reassert control on the share price in due course.
- By Peter Brailey |
- 24 June 2020, 16:10 |
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Gold – All that glitters…..
I look like a genius right now! Having told readers a week and a half ago to load up on gold stocks and just wait, the gold spot price has surged to a shade over $1777 per ounce, with futures now at $1795 and gold stocks have shaken off some of the correction. So is it time for yet more Ouzo? (perhaps the best hangover cure for Monday’s excesses!)
- By Nigel Somerville |
- 24 June 2020, 15:34 |
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Tom Winnifrith Bearcast: My local Tory MP in Wrexham has gone too far - she is utterly infuriating
The latest tweet from my local Tories just pushes me too far. These folks live on another planet. I start by discussing the tweet below and why it makes me so angry. The bosses at Escape Hunt (ESC) should be, like Sarah Atherton MP (Con), be sent to the gulags of Merthyr Tydfil and I explain why. I look at UK Oil & Gas (UKOG), Red Rock Resources (RRR), Power Metal Resources (POW) and Versarien (VRS) ahead of next Tuesday.
- By Tom Winnifrith |
- 24 June 2020, 15:29 |
AIMopoly not as funny as Wokeopoly but well presented
There are some good jokes in the latest spoof version of Monopoly. It is not as good as Wokeopoly and the references to ShareProphets and the Greek Hovel I do not quite understand, but it is very well presented. Enjoy.
- By Tom Winnifrith |
- 24 June 2020, 15:20 |
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LoopUp Group – “expect to exceed revised market expectations” AGM update… but what does that mean re. the valuation?...
LoopUp Group (LOOP) has updated including that it “has continued to trade materially above pre Covid-19 levels… expect to exceed revised market expectations in terms of revenue, EBITDA and cash generation for the current financial year”. Sounds good...
- By Steve Moore |
- 24 June 2020, 14:54 |
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i3 Energy looks likely to survive if its acquisitions go ahead, but at what cost to existing shareholders?
I had been wondering when further news would come from i3 Energy (I3E) and these week two significant RNSs dropped on the same morning, which ultimately led to shares being suspended for the foreseeable future.
- By Gary Newman |
- 24 June 2020, 14:22 |
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Avacta: more non news on the Covid horse that has already bolted ahead of more spiv selling tomorrow
With shares in Avacta (AVCT) ludicrously overvalued at 138p the company rightly fears that when the second tranche of stock from the recent placing at 120p is admitted to the AIM Casino tomorrow there will be a line of folks wanting to flip. What to do? Of course, get your evil morally bankrupt PR spinners at Yellow Jersey to issue complete non news and make it sound exciting. Heck Yellow Jersey managed to persuade suckers to pile into mega and obvious fraud Frontera (FRR) so they can push any shite uphill. For a while at least.
- By Tom Winnifrith, The Sheriff of AIM |
- 24 June 2020, 12:34 |
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Escape Hunt – again “pleased to announce”… but about that senior management “pay reduction”...
‘Escape rooms’ leisure company Escape Hunt (ESC) “is pleased to announce that it has launched remote versions of its most popular 5* rated escape room experiences Doctor Who: Worlds Collide and The Fourth Samurai via remote platforms” – and the shares have currently responded to 9.75p, more than 18% higher...
- By Steve Moore |
- 24 June 2020, 12:34 |
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Julie “Lingerie on Expenses” Meyer & Malta – it’s a wrap says the regulator as it lists (some of) her crimes
Not all of them, of course. The regulator, on this occasion, is not concerned with the unpaid wages, the unpaid payroll taxes, the criminal charges laid against Meyer and her failure to appear in Court when summonsed. As ever, it appears that while Meyer boasted how her Maltese operations were hugely profitable and had massive asset backing, for some reason, there was never any cash to pay even small bills. But it is not that which the MFSA has opined upon.
- By Tom Winnifrith |
- 24 June 2020, 11:22 |
Tesco Seems to Be Benefitting from the Lockdown - But Is It?
Hello, Share Tickers. Tesco (TSCO) has turned in some encouraging news but I still feel uneasy about my bunch of shares. The main reason is prosaic – I continue to be shocked at the difference in the bill size between Tesco and my supermarket of choice, Aldi. Why can’t the home-grown supermarkets compete with the prices at Aldi and Lidl? I sometimes see Tesco and Sainsbury (SBRY) to be rather short of customers whereas Aldi is often buzzing. The sturdier queues in my part of the world at least are noticeable...
- By Malcolm Stacey |
- 24 June 2020, 09:24 |
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ShareProphets China AIM 'Filthy Forty' performance update – after Walcom finally suspended yesterday, a next already set to fall?...
We updated yesterday as Walcom Group (WALG) Nomad Allenby Capital finally seemed to have had enough of the farce of a non-arriving loan… and “resigned… with immediate effect”. Now a next already set to fall?...
- By ShareProphets |
- 23 June 2020, 18:15 |
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Tom Winnifrith Bearcast: Julie "Lingerie on Expenses" Meyer and Drive software masterclass in red flags & aggressive accounting
Julie is back and since she seeks press coverage and is also seeking investment into a new great British Company she is, in my view, fair game for comment. No doubt she will accuse me of misogony, obsession and try to get the fine upstanding lawyers she shares with Prince Andrew to harass me (remember what happened last time Julie!) but what follows is a case study in red flag spotting and how to read through aggressive and unusual accounts.
- By Tom Winnifrith |
- 23 June 2020, 17:51 |