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Latest News

Bearcast
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Tom Winnifrith Bearcast: taking incoming from all quarters today

There are folks in a certain rain sodden second world nation objecting to an article on my own site HERE. The Mrs. Natch. It is all to do with mother-in-law jokes.  At least one AIM CEO objecting to this article. And finally a chap who asribes evil motives to the timing of my investment in San Leon (SLE), without actually knowing a couple of key facts. I discuss the point he raises. In the main podcast I look at Tern (TERN), where I think Nigel S is wrong but that the boss is a rogue director as I explained at the weekend HERE, 88 Energy (88E), and Land Securities (LAND) and the entire commercial property sector.

KDR

Karelian Diamonds – ludicrous ramp falls flat: is there an attempted placing on the way, perchance?

AIM-listed lifestyle company Karelian Diamonds (KDR) has issued what must be the most ludicrously ramptastic RNS this morning. It is, and has been for ages, technically insolvent and yet this morning it has issued a statement telling the market that it has been granted new diamond exploration reservations in Finland. Given that it has no money, or at least it has negative net current assets last measured at MINUS EUR 1 million as at last November, what’s the point? It can’t explore what it already has!

ESC

Escape Hunt – “pleased to announce” results… & broker appointment. I wonder why?...

‘Escape rooms’ operator Escape Hunt (ESC) “is pleased to announce” results and a broker appointment. The shares are currently at 7.5p, more than 6% lower in response...

TERN
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BREAKING: Tern – Annual Report reveals new Auditor: why no notification (as there MUST be)?

Grossly overvalued AIM-listed jam-tomorrow investment company Tern plc (TERN) finds itself if the dock today. The full Annual Report for 2019 has finally been published – and buried in the usual waffle we find that a new Auditor was appointed. Now according to the rules, this should have been notified at companies house– but there is no sign of that anywhere. Specifically, there should be a statement from the previous auditor as to the circumstances of its removal and it is a shocker to find no such notification. This raises all sorts of questions.

LAND
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Land Securities and those oh-so-tricky June rental payments...

For reasons relating to some broader interests of mine, Tuesday morning is always a busy time. So whilst I always enjoy a heavy regulatory news schedule, this morning's could have been timed better. Anyhow...

88E
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Related party transaction does not benefit 88 Energy shareholders

88 Energy (88E) is a company I had almost forgotten about as it was once one of the most popular oil shares at the lower end of AIM, but has almost disappeared into obscurity since then and only came to my attention when I was contacted by a shareholder.

BUR
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Carson Block of Muddy Waters launches shocking new attack & dossier on Burford

At the ShareProphers shares show this weekend carson was a star happily explaining why Burford (BUR) could be a zero. If you have not watched the great man in flying form do so here. at the same event Matt Earl, the Dark Destroyer, also weighed in. Now Carson has savaged Burford in a new dossier which I publish in full below. Explicity he accuses the company of misleading investors, noting:

ZYT
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Zytronic – “difficult and unprecedented circumstances”… but potential value?

Zytronic (ZYT), a manufacturer of products for electronic displays, has announced results for its half-year ended 31st March 2020, with hopes including “our growth markets within the APAC countries where the pandemic has had the earliest effects will hopefully return to normality quicker than others”. A still little more than 100p share price though compares to 250p hit early in 2020...

Tom
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An open letter to 40 AIM CEOs – you just cannot screw private investors this time

With share prices on the up but earnings & transaction visibility almost nil every CEO should be considering a fund raise. It would be irresponsible not to do so. Yet most of them are prepared to do so in a way the needlessly screws private investors. This cannot go on. I have today written to the CEOs of 40 companies. The letter follows

MSMN
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Mosman Oil and Gas – What a load of hype and hot air!

Now I would have published this yesterday, but my internet was rather crap and being sorted. Talking of crap, that brings me onto the matter of Mosman Oil and Gas (MSMN). This company was a cornerstone of my crap quartet this time last year and had a clear place in the Vomit list of shite oil stocks when I reviewed the forthcoming year last Christmas. In my view yesterday’s monumental share price rise just illustrates the full extent of “lockdown gambling culture” combined with total lack of understanding of what the investment case is.

HFD

On Your Bike and Back To Work Encouragement Should Bounce Halfords' Share Price

Hello, Share Dabblers. One of my six tips chosen for last weekend’s highly acclaimed Shareprophets online investor show was the cycling king Halfords (HFD). Perhaps a few of you took note, as the share rose significantly yesterday!...

AAU

Ariana – more good news, this time ref Kizilcukor

AIM-listed gold-miner in Turkey, Ariana Resources (AAU) has offered up yet more good news this morning – this time with reference to its 100%-owned Kizilcukor project near its joint venture owned Kiziltepe production facility, in the form of a resource upgrade.

TRX

Tissue Regenix – “New collaboration” announcement from this Woodford pick ramptastic?...

An announcement from ‘regenerative medicine medical devices company’ Tissue Regenix (TRX) – and the shares currently above 1p, more than 55% higher. Though “New collaboration with leading healthcare company” ramptastic?...

Bearcast
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Tom Winnifrith Bearcast: I cannot condone the actions of the Mrs or join her as I am a law abiding citizen

Yes, the Mrs and Joshua broke lockdown to go see the mother-in-law. Naturally I was keen to join them but gave two reasons why I could not. On that matter the Government has no strategy that works for ending the chaos it created. It is a shambles. I explain what all the fuss is about at Fox Marble (FOX) - you can see for yourself HERE. Then look at San Leon (SLE), Kefi (KEFI), Mosman (MSMN) and Bidstack (BIDS). The moral of the tale, swot up on your show videos tonight HERE.

KRM

KRM22 – equity investment commitment it is “pleased to confirm”. Really?...

Previously writing on capital markets risk management technology-focused KRM22 (KRM), with the shares above 50p I questioned a trading update and a director share acquisition providing confidence. Now an equity fundraising announcement...

Coronavirus has changed everything

Coronavirus has changed everything....and not for the better

Tom
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Two more stocks from the Shareprophets Shares Show bought for my pension this morning

At the weekend in my main stage rogues presentation at the investor show I revealed which stock now accounted for c8% of my pension following a trade last week. This morning it accounts for a bit more for obvious reasons! I thought about it on Sunday and I have bought shares in two more companies at the show, in both cases they are c4.5% of the fund.  One will shock you the other may not.

VGAS
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Volga Gas – formal sale process confidential information to be exchanged only securely, surely?!...

A week ago AIM-listed Volga Gas (VGAS) updated investors with news including “average production in April 20 20 was 2,316 barrels of oil equivalent per day ( 43 % lower than March 2020)… gas price is fixed in RUR but still impacted with local currency devaluation against USD… cash balances of US$10.6 million” (31st March: $12.3 million) and noted currently “low demand for gas condensate & LPG”. The shares, which started the year near 40p, remained down at around 20p, a market cap of circa £16 million… until a rise on Thursday to 26.5p on no news… until today – a “Statement Re Share Price Movement and FSP”...

IQE
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IQE – Equities First delivers a margin call to Drew Nelson – but when? Fess up Drew!

AIM-listed IQE (IQE) boss Drew Nelson’s first deal with US loan-sharks Equities First Holdings (EFH), under which his non-recourse sale and repurchase agreement which was originally misrepresented, ended on a happy note and all ended well. So well that he did another deal last year. Unfortunatley, that seems to have become a little unstuck as today we learn that Dr Nelson was on the receiving end of a margin call. But when?

CTEA
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BREAKING: And here is why Catenae is worthless – its Covid project is a nothing

Over the weekend I showed why the financials of Catenae (CTEA) made it the most worthless stock on AIM. But some folk think I ignore the Covid-19 project it is working ion. Au contraire, as a fascinating press release arrives in my in-box today I do not ignore the Covid hoo-hah I call, it out as a worthless promote.

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CTAI

Catenai – monster dilution

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