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Latest News

Bearcast
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Tom Winnifrith Bearcast: I'm sitting on a dynamite resignation letter + No Gold you are ( as usual) wrong Steve O'Hara is NOT a liar

The resignation letter from a NED at an AIM listed company is a shocker. So far there has been no RNS. If the company does not come clean on what is in the letter I shall publish in full on Monday as it opens up a serioes of cans of worms which raises far bigger scandals I suspect. I discus this at length. I also look at Plutus Powergen (PG), Zinc Media (ZIN) and in great detail Optibiotix (OPTI) where the professional cynics have got it wrong and need to apologise. I have bought more shares on the back of today's interims and explain why.

ITX

Itaconix – Woodford “leading innovator” considers “a healthy sign of an effective collaboration is”… termination!

Updating on Woodford “leading innovator” Itaconix (ITX) last week as the shares fell further to 1.55p, I concluded with the cash crunch ahoy funding situation also now from a market cap heading towards £4 million, natch still currently avoid / sell. Now “Termination of Chelates Agreement”

VRS
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Letter to AIM Regulation – Versarien again and another misleading RNS

AIM Regulation has now acknowledged my complaints about the secret chatroom inhabited by Versarien (VRS) boss Neill Ricketts and his disciples where Neill told them what to post on Bulletin Boards and where the disciples discussed how to get around insider dealing rules and how to attack me. The complete radio silence from Ricketts since then suggests that investigations are very much ongoing. In that vein I have another matter to raise with the regulators, that of possible investor deception. My letter just sent is below.

AAU
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Ariana Resources – 2019 production ahead of guidance & a “strong start” to the year…

Ariana Resources (AAU) “is pleased to announce its preliminary production results for the quarter ended 31 December 2019” – and also a “strong start” to this year…

PPG
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Plutus Powergen – shares now almost at par: is that the Fat Lady I see gargling?

The PR person for Plutus Powergen (PPG) is the Cheryl Cole of her world, but even more classy. But not even her charms can save her client from more comment from myself, notwithstanding appeals from head honcho James Longley that I remove prior, harsh but accurate comment HERE.

CCT
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Character Group – is “extremely challenging” Christmas trading period really going to transform into a very strong second half?

Character Group (CCT) has updated including “we enter the 2020 calendar year with a very strong product portfolio and, although the first half results will be below last year, we anticipate that the group will deliver one of our strongest second half performances to date”. The shares have currently responded to around 330p – circa 13% lower on the day. Fair?...

GVC
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From my budget hotel room...GVC is still playing a winning hand

As noted yesterday, I am currently enjoying a short stay at one of the Premier Inn locations of Whitbread (WTB). Thumbs up from my personal bottom-up perspective and - as per the above link - you know my positive thoughts on the stock. Now onto another company I have written positively on over the last year and that is GVC Holdings (GVC)…

WBI
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Woodbois – quarterly update, moves to usher in profitability?

Forestry and timber trading company Woodbois (WBI) has updated emphasising “Record quarterly revenues with $5.6m generated in Q4 2019… Record annual revenues of c$20m for 2019, 48% increase year-on-year… The business has continued its rapid and consistent growth path”

CLIG

City of London Investment Group Blasts Through its Old High as Faith in Emerging Markets Pays Off

Hello Share Twiners. It’s part of my service to you to update any of my selections which have broken through their last high points. And City of London Investment Group (CLIG) is one – as I write the share is up on a poor day. The old high was 460p and the new price is 7p better than that. Though the PE I have is still only 13...

CERP
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Columbus Energy – some Saffron well results as hoped, but major share price catalyst still to come

Columbus Energy Resources (CERP) has updated on its ‘Saffron’ well, onshore Trinidad including “we have encountered multiple sand packages and multiple oil shows to total depth, as we had hoped, including in the Lower Cruse which was our primary target”

MYSL

MySale – trading update, “decisive actions taken by management”… or not?

MySale (MYSL) has updated with CEO Carl Jackson emphasising “having taken some critical steps last year to restructure the group for the future, we're pleased to see our counter-seasonal offering beginning to resonate with a number of our brand partners who have relaunched on our marketplace platform over the last six months. We will continue to drive this momentum in ANZ, with our inventory light marketplace, through our new organisational structure and simplified business model, and will look to deliver further progress over the second half”. The market seems unconvinced though – the shares little changed at around 4.35p…

XAR

Xaar – “broadly in line with the first half”… what was that like though, again?!...

“Trading Statement” from Xaar (XAR) commencing; “Xaar plc, a world leader in industrial inkjet technology, provides its scheduled trading update: Trading in the second half of 2019 was broadly in line with the first half”. The shares have responded to a current 47p – more than 6.5% lower…

Bearcast
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Tom Winnifrith Bearcast - I wouldnt buy the shares at 9.25p but Jim Mellon's Agronomics really fascinates me

Dickhead of the decade George Monbiot of the Guradian has a book to plug and is all over the radio. Oh, which decade you ask? Every decade. Anyhow I have swapped emails with Jim Mellon on this as it concerns his company Agronomics (ANIC) which really interests me. I think today;s interims show the shares, at 9.25p are expensive but at a lower level there is a case for buying as I explain. I also look at Oracle (ORCP), correcting an error I made yesterday, Lekoil (LEK), Lamprell (LAM) and urge you to start donating to Rogue Bloggers for Woodlarks HERE.

Newsboy
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Corporate updates frenzy – Whitbread, Wood Group & Halfords

So hello to the first big corporate updates day of 2020. So much I could write about (and if tomorrow is a bit quiet, I might do a part two) but three names I wanted to share some thoughts on as I have mused on them on this website in recent months…

QRT
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Quarto – open offer makes a mockery of Ince’s ‘unfortunate feature of market conditions’ private investor screwing

“The Quarto Group Inc. (QRT), the illustrated book publisher and distribution group, today announces that it proposes to raise £13.9 million (approximately $18.2 million) in gross proceeds… at 68 pence per new common share by way of an open offer to the company's existing shareholders”. The price compares to a 75.5p prior close… Ince Group (and Arden Partners) take note!...

WRKS
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Retail-aggedon: TheWorks just about avoids ANOTHER profits warning but CEO walks anyway

How different it was eighteen months ago when Investec raised £62.5 million  at 160p to IPO Theworks.co.uk (WRKS). Just think about how much coke and how many hookers you could snaffle from crony capitalist Investec’s fees on that deal! Hmmmmmm. You bring the hookers, I’ll bring the Charlie, the lads at Investec are ‘avin’ a party. Today, after just avoiding yet another profits warning, the CEO has been resigned with immediate effect and the shares are just 33.9p. Ouch.

AAU

Ariana – Q4 gold production numbers see FY target beaten by 12%. Now, what about that corporate action?

AIM-listed Turkish gold producer Ariana Resources (AAU) continues to follow the under-promise and over-deliver formula in some style. This morning saw Q4 production numbers from its joint venture Kiziltepe mine showing 7,318 ounces of gold produced to bring the total for the year to 27,985 ounces – against a forecast of just 25,000 ounces. And the good news did not stop there.

INCE
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Ince Group – now argues its private investor screwing “an unfortunate feature of the current market conditions”. Er!...

Legal and professional services group Ince (INCE) has updated that “it has successfully completed the Bookbuild which is now closed”, with CEO Adrian Biles stating “the funds raised will ensure that the group can continue to capitalise on market opportunities, including new lateral hires. The group has recently been joined by a number of very high calibre partners and fee earners and we are on track to deliver outstanding growth. I am very pleased that so many of our existing investors and some new institutional shareholders have supported this fundraise albeit at a significant discount to the market price of the company's shares, which is an unfortunate feature of the current market conditions”. Er!…

ITV

The march of Better Television could put a Gloss on ITV Shares

Hello, Share Players. It’s becoming clearer that we are becoming a nation of heavy goggle box watchers. We always have been, but it’s getting worse. This could be to do with the disproportionate number of older people, many of whom are no longer fit enough to leave the sofa for very long. There is also the benefit that television programmes are improving. Compare the average crime drama of a few years ago to the whizz bang, better written, better acted and more lavishly staged shows that we enjoy now...

MNO

Maestrano – “wins Advanced AI Rail Project in Japan”… but how significant?

“Maestrano wins Advanced AI Rail Project in Japan” announcement from Maestrano Group plc (MNO) – and the shares currently more than 20% higher in response, to 3.20p. Exciting news then?...

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