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Get the violins out: it's another poor statement from Gear4Music
Sorry Malcolm but your baby has puked again with its trading update or the six months to 30 September. In an era when inflation has been running at 6-8%, sales fell by 6%. And remember that Gear4Music (G4M) is meant to be a growth stock! If it is, I am a banana.- By Tom Winnifrith |
- 19 October 2023, 11:08 |
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Busy Thursday – I still love Mondi, Deliveroo is such a (personal) avoid, and is Rentokil finally getting interesting?
There is lots happening in the global markets. As an investor you just have to get used to it and, despite all the geopolitical, macro, earnings season and more insights, what matters more is always how you react rather than how many new headlines you can look at or listen to. I am a fan of the packing and paper FTSE 100 company Mondi (MNDI).- By Chris Bailey |
- 19 October 2023, 10:30 |
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Message from Evil Banksta on a 5 Star holiday break – why Upland is a joke valuation
Evil Banksta described at ShareStock how he takes Mrs Banksta on numerous luxury holidays funded by his winnings from shorting and then spends all day in front of a PC plotting his next swoop on some overvalued promote. And as such ,from a five star hotel somewhere hot and warm, I have received this message about Upland Resources (UPL) where the Banksta is short. I have no skin in the game but the great bear says:- By Tom Winnifrith |
- 19 October 2023, 08:34 |
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Castings – half-year trading update, a “high level of demand” Buy
Iron casting and machining company Castings plc (CGS) has announced that its schedules continue to reflect strong heavy trucks demand (approximately 75% of revenue) and plans to further capitalise on this in both the short and long term.- By Tom Winnifrith & Steve Moore |
- 18 October 2023, 16:48 |
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Tom Winnifrith Bearcast: Bidstack is out of the frying pan and into the fire
In today's Bearcast I discuss depression amid trolling & smearing of me and amid BBC lies on Gaza, Regtech Open (RTOP), Supply@ME Capital (FRAUD), Sosandar (SOS), Online Blockchain (OBC), St James Place (SJP), Abingdon Healthcare (ABDX) and Bidstack (BIDS).- By Tom Winnifrith |
- 18 October 2023, 16:40 |
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Sosandar – states “pleased to provide” a trading and expansion update. Er, what about the major profit warning?!
Previously writing on women's fashion brand company Sosandar (SOS), I concluded I still hold some shares here but will be monitoring both the sales and cash flow performances closely in upcoming updates and could understand Nigel Somerville’s caution from the trading update on the company’s then just-ended financial year. Today a “Trading & Strategic Update”-titled announcement from the company and what of the shares currently down more than 30% towards 12p in response?
- By Steve Moore |
- 18 October 2023, 16:30 |
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ActiveOps – “pleased to report” trading update, it’s easy to see why management may be “pleased” but what about external shareholders?
Technology-based insights for service operations business ActiveOps (AOM) has issued a trading update commencing that it “is pleased to report continued growth in the first half of FY24, with the group well-placed to achieve both its revenue and EBITDA expectations for the full year”. What does that though financially mean and what of a share price currently 2.5% higher at 82p in response?- By Steve Moore |
- 18 October 2023, 14:43 |
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Not engaging with idiots on twitter, many of whom seem to own Avacta & that old nonce smear
My best friend from Oxford, the charming Elaine, worries that, despite my degree, some folks might start thinking that I am a bit of a pseudo intellectual for pointing out that attacking an article you have not actually read is a sign of innate stupidity. But it is and on twitter it seems to happen about 20 times a day. Yesterday one star tweeter was a shareholder in Canadian Overseas Petroleum (COPL)- By Tom Winnifrith |
- 18 October 2023, 14:15 |
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Iconic Labs – more industrial scale dilution
Since I last wrote about Iconic (ICON) it has undertaken a 10,000 for 1 share consolidation reducing its 46,996,580,000 shares into 4,699,658 ordinary shares of 10 pence nominal each on 25 August. But then…- By Tom Winnifrith |
- 18 October 2023, 12:40 |
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The world of the housing market, dividend yields and Barratt Developments AGM update today
As I am inherently unsociable, I have no idea why the guy up the road has spent a year failing to sell his house. The opening price gambit was ludicrously high but about six months ago pricing reality kicked in. I would be surprised if there was not at least one half-sensible offer over the summer, but mid-October is rarely a good time to be selling a house in a now-shabby housing market. Start again in spring 2024 would be my view…but what do I know?! Maybe the team at Barratt Developments (BDEV) can give us an experienced opinion?- By Chris Bailey |
- 18 October 2023, 11:57 |
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Marshalls – trading ‘in line with expectations’…but how much of an achievement is that?…
Landscape, building and roofing products manufacturer and distributor Marshalls (MSLH) has issued a trading statement including that “trading in the third quarter was in-line with the board's expectations… remains confident of achieving a result that is in-line with its expectations for 2023… the group's balance sheet remains robust”. What of that and a share price currently up by more than 5% in response to above 208p?- By Steve Moore |
- 18 October 2023, 11:57 |
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EXPOSE: Supply@ME Capital, Regtech and Eight Capital - reliant on a technically insolvent company making promises it can’t keep
In part 1 of my article on this trio of sham companies which are all technically insolvent, I looked at the dependency of Supply@ME Capital (SYME), Regtech Open (RTOP) and Eight Capital Partners (ECP)on the financial strength of privately owned The Avantgarde Group (TAG).- By Tom Winnifrith |
- 18 October 2023, 08:34 |
Carry on Admiral, you're Doing Fine and it could Be Worth Buying your Shares
Hello Share Sippers. This old punter was sent a car insurance renewal that’s 50% up on last year. Ouch! Of course, I delved into a comparison site and got it a lot cheaper somewhere else. But it’s a sign that motor insurance is much costlier than it was. I was told that one reason is the increasing cost of repairs, especially paint. But I also wonder if it’s because insurance companies are after more profit. That would make the insurance game more attractive to investors.- By Malcolm Stacey |
- 18 October 2023, 08:15 |
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Wages are beating prices. Great…but it is still a mixed world out there
I see that some new UK data this morning observed that wages rose at an annual rate of 7.8% between June and August, and unsurprisingly is now higher than the latest CPI increase. An average data point indication is always a complete mess as personal price or wage (or personal investment portfolio) performance is always materially diversified. However, I think it is fair to say that the average UK consumer is not feeling very, very excited about general or personal economic opportunities over the next year or two. I am a glass half full sort of person and - at some level - you always make your own luck. And, whilst the fourth quarter of the year is (historically) statistically strong, a far more useful insight is observing that it is smart to be an active investor, trying to carefully choose equities with good pricing power, attractive free cash flow generation capabilities and a strong balance sheet. You can already see the importance of such criteria in the early days of the global corporate earnings season.- By Chris Bailey |
- 17 October 2023, 16:43 |
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Tom Winnifrith Bearcast: I don't agree with Malcolm ( yet again)
In today's bearcast I discuss Lloyds Group (LLOY), Versarien (VRS), the cons Supply@ME Capital (SYME) and Regtech Open (RTOP), Red Rock Resources (RRR), Galileo Resources (GLR), Upland Resources (UPL) and Abingdon Healthcare (ABDX).- By Tom Winnifrith |
- 17 October 2023, 14:44 |
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Revolution Bars Group – full-year results, how’s its recently-claimed “vision and strategy to delight our guests across all our brands is delivering”?
Previously writing on group describing itself as “a leading UK operator of 67 premium bars and 22 gastro pubs, trading predominantly under the Revolution, Revolución de Cuba and Peach Pubs brands” Revolution Bars (RBG), in July with the shares at 5.9p I questioned a trading statement which argued its “vision and strategy to delight our guests across all our brands is delivering”. The shares most recently closed at 3.65p and what of them currently further down today on the back of a results announcement for the 52 weeks ended 1st July 2023?
- By Steve Moore |
- 17 October 2023, 14:42 |
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Letter to the FRC regarding Supply@ME Capital and Regtech Open & technically insolvent AvantGarde
I have written to the Financial Reporting Council today regarding the interims of the Standard listed cons Supply@ME Capital (SYME) and Regtech Open (RTOP). Both companies are, as I have demonstrated on this website, technically insolvent and if the FCA was not so utterly clueless and pointless it would be suspending the shares NOW! But pro tem, the issue is interims on 29th September.- By Tom Winnifrith |
- 17 October 2023, 13:47 |
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BREAKING: Canadian Overseas has not paid its Russian web hoster - a sign of its cash crisis
You can bet the ranch that the $4 million that Canadian Overseas Petroleum (COPL) recently raised from its death spiral prover Anavio has all gone: either to escrow accounts with its senior debt provider or to clear unpaid bills or both. the fact that it has admitted that it will be paying other suppliers in shares in the coming weeks shows that it is running on vapours. And another sign is in the screenshots below. If you try to download documents from its website you see that you cannot because Canadian has not paid its Russian hosts. More red flags vicar?- By Tom Winnifrith |
- 17 October 2023, 13:07 |
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Versarien now just 0.5p to sell – what price the bailout placing in just over two weeks now?
Some chump who is a long term bull of Versarien (VRS) recently wrote that while I might just have called this stock right in the era of Neill Ricketts the jury was out as to whether I was right being bearish about the new regime. Since then, in just a couple of weeks, the shares have halved to just 0.5p to sell. And it has to get worse for on October 30th a GM will approve a capital reorganisation reducing par from 1p to 0.1p and, as the company is running on vapours, this will prompt yet another bailout placing PDQ.- By Tom Winnifrith, the Sheriff of AIM |
- 17 October 2023, 12:08 |
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i-nexus Global – major customer doesn’t intend to renew, how “resource and cost intensive” a loss is it?…
Previously writing on company describing itself as “a leading provider of cloud strategy applications” i-nexus Global (INX), in June with the shares up to 4.4p I questioned fundraise with the business “having made good progress”. The shares most recently closed at 4.5p, but what of today a “Customer Update” announcement?
- By Steve Moore |
- 17 October 2023, 11:09 |