premium content
Christie – “trading statement” commences “pleased to report”… but it’s a profit warning AGAIN!
Christie Group (CTG) has issued a “trading statement” commencing that it “is pleased to report a return of more normalised levels of exchange and invoicing activity in its agency and advisory business, Christie & Co, following the end of the summer period… The improved invoicing level is anticipated to continue for the remainder of the year”. So what of a share price currently 2.5% lower at 97.5p in response?- By Steve Moore |
- 13 October 2023, 15:07 |
premium content
Tom Winnifrith Bearcast: I am a lying Clown, no I am a lying slug, no I am Satan!
I start by noting that it is world Jihad day according to Hamas. But the BBC insists that Hamas are not terrorists. Whatever. I then discuss Upland Resources (UPL) and its cretinous shareholders, Regtech Open (RTOP) - surely the FCA must swoop as the shares plunge again - St James Place (STJ) and finally Canadian Overseas Petroleum (LIARS).- By Tom Winnifrith |
- 13 October 2023, 14:44 |
premium content
BREAKING: Lyin' Chris Cleverly, Sir David Trippier, Dozy Mmbousi - which of the Tingo gang will do the time as it's in court again
Tingo (US:TIO) was ordered to pay out $16.5 million in shares to a group of US investors. It did not and now, as you can see below, its in court on contempt of court judges and the Judge is giving an explicit warning.- By Tom Winnifrith |
- 13 October 2023, 13:45 |
premium content
The Horizonte news was a nasty shock, but is there any value here in the shares for existing equity holders?
After three weeks in a remote part of the rainforest in South America, it came as a bit of a shock when I returned to civilisation and discovered that whilst I’d been away the share price of Horizonte Minerals (HZM) had collapsed and left a big dent in my portfolio.- By Gary Newman |
- 13 October 2023, 12:46 |
premium content
Upland Resources it must be truly desperate for cash to seemingly break its own rules
On 31 March 2023 Upland Resources (UPL) issued results for the six months to 31 December. On page 13 of 14 it discussed warrants issued on 27 October 2022 with a 0.4p strike and stated:- By Tom Winnifrith |
- 13 October 2023, 11:44 |
premium content
Jubilee Metals – full-year results, still a compelling growth roll-out BUY
Jubilee Metals (JLP) has announced results for its year ended 30th June 2023 and that “new processing partnerships announced in the year are expected to significantly enhance margins and processing capacities”. So what of the shares from a current lowly around 6p?- By Tom Winnifrith & Steve Moore |
- 13 October 2023, 10:03 |
premium content
I still reckon the average investor can find better developing market exposure options than Ashmore Group
It is a big results day for financial sector analysts, as a bunch of US banks will give their quarterly updates. I am sure that I will appraise these results at some level, but I am less excited about them than I used to be. Whilst we all need to have a bank account, access to certain insurance products and, at some level, a pension product, as an investor you do not need to directly own such shares. And that is especially true in the developed world. On that basis, fund managers that focus on the world’s developing and emerging economies should be in a good spot and so Ashmore Group (ASHM) should be in a good place.- By Chris Bailey |
- 13 October 2023, 09:51 |
premium content
Tingo Group – Rearranging the Deckchairs on the Titanic
On September 20th Tingo Group (NASDAQ - TIO), the brazen fraud, announced the departure of its CEO Darren Mercer, who was awarded 5m shares for his efforts in orchestrating the scam. Robert Benton, one of the three semi-respectable non execs also departed. He was replaced by Jamie Kurchid who is also COO of a company called Nukkleus which is wholly owned by the serially-convicted fraudster Leslie Greyling.- By Lucian Miers |
- 13 October 2023, 09:16 |
premium content
Facilities by ADF – a recovery BUY!
Describing itself as “the leading provider of premium serviced production facilities to the UK film and high-end television industry”, shares in Facilities by ADF (ADF) at a current 58p offer price are down from above 75p reached last year including with its last month-announced half year 2023 results noting that, whilst it has UK productions to sustain the business, there has been impact from the Writers Guild of America and Screen Actors Guild strikes. However, with the former strike recently ended and negotiations now having resumed on the latter, there now looks sentiment, pent-up demand and shares value-based potential here suggesting a Buy.- By HotStockRockets |
- 13 October 2023, 09:15 |
premium content
Celadon placing and loan notes issue: Gotcha Ms Sarah McLeod
The last time I warned folks about Celadon (CEL) its PR woman Sarah McLeod called to complain bitterly that I had ruined some feminazi lunch she’d been attending with what she termed my “daily hit job.” She then demanded free access to the site not having actually read the article or having any idea what I write on a daily business. Well Ms. McLeod GOTCHA. As predicted your client has had to pass the hat around. It may not now be existing on vapours but its valuation is still tonto.- By Tom Winnifrith |
- 13 October 2023, 08:38 |
premium content
Amaroq Minerals – record gold grade Nalunaq drilling results, Buy
Writing on minerals development and exploration company in Greenland, Amaroq Minerals (AMRQ) last week with the shares at 57p we noted significant further gold exploration potential. We now note a “Nalunaq Drilling Results deliver record gold grade”-titled announcement from the company.- By Tom Winnifrith & Steve Moore |
- 12 October 2023, 16:55 |
premium content
Volex – shares already rising as we suggested from “cyber incident”, though still further upside...
We noted recovery potential for power and data transmission products manufacturer Volex (VLX) from “a cyber incident” on HotStockRockets on the shares falling to 288p. They have already recovered to 295p but there still looks further risk/reward potential from here.- By HotStockRockets |
- 12 October 2023, 16:49 |
premium content
Hotel Chocolat – full-year results statement argues “significant progress”. How “significant really though?…
Direct-to-consumer chocolate group Hotel Chocolat (HOTC) has announced results for the 53 weeks ended 2nd July 2023 and an update for the 13 weeks ended 2nd October 2023, respectively stating “broadly in line with market consensus” and “highlighting the significant progress made against its strategic priorities”. What of a share price in response currently up to 142.5p?- By Steve Moore |
- 12 October 2023, 16:24 |
premium content
Tom Winnifrith Bearcast: Surely even at 31p SIG is a stonking short
I start with a 3rd anniversary which I mark HERE. Then I look at Versarien (VRS), Chill Brands (CHLL), Westminster Group (WSG) and SIG (SHI).- By Tom Winnifrith |
- 12 October 2023, 14:17 |
premium content
FW Thorpe – “pleased to announce” results including “solid start to 2023/24”, but how “solid” really considering the valuation?…
Describing itself as “a group of companies that design, manufacture and supply professional lighting systems”, FW Thorpe (TFW) states that it “is pleased to announce its preliminary results for the year ended 30 June 2023” and a “solid start to 2023/24, with operating performance in line with the start of the prior year”. So what of a share price currently more than 7% lower at 360p in response?- By Steve Moore |
- 12 October 2023, 14:15 |
premium content
Marks Electrical – half-year trading update, ‘laser-focused to achieve full-year targets’… they including now-reduced earnings?!
UK online electrical retailer Marks Electrical Group (MRK) has issued a trading update headlined “Continued trading momentum driven by premium next-day service offerings”. So what of a current 5.5% lower share price response to 103p?- By Steve Moore |
- 12 October 2023, 11:31 |
premium content
Food Standards Agency crashes CBD Market with massive health warning
Think of all those morally bankrupt celebs who trousered even more cash promoting products now shown to be harmful without a care in the world. Yes Antony Joshua and Claudia Winkleman you are greedy troughers not checking out anything before you added to your already stuffed bank accounts. Claudia: do you feel an ounce of guilt today? You should!- By Tom Winnifrith |
- 12 October 2023, 10:48 |
premium content
The shares are down today, but I still remain an easyJet fan
I am an easyJet (EZJ) fan, and shareholder, but as I observed a few months ago having a good summer holiday flow is fine but the critical question is what happens over the next twelve months or so. In short, the company’s trading update about its year to the end of September talking about “record Q4 PBT, thereby achieving in FY2023 its existing financial targets” is absolutely fine…but what happens next?
- By Chris Bailey |
- 12 October 2023, 09:55 |
premium content
Versarien GM called – the race to zero accelerates with another lie
As I predicted it would, Versarien (VRS) has today called a GM to approve a capital re-organization which will see the par value of its shares slashed from1p to 0.1p. This is a precursor to yet another bailout placing at far closer to 0p than to 1p.- By Tom Winnifrith, the Sheriff of AIM |
- 12 October 2023, 09:51 |
premium content
EXPOSE: The nest of snakes - Supply@Me Capital, RegTech Open, & Eight Capital Partners, What happens when The AvantGarde Group Spa defaults Part 1
The prospects for three public companies being Supply@ME Capital (SYME), Regtech Open (RTOP) and Eight Capital Partners (ECP) are intrinsically linked to the financial strength of AvantGarde,TAG, the private Italian company owned by Alessandro Zamboni, Supply’s CEO and a NED at Regtech. This is because both Supply and Regtech are reliant on TAG for their working capital and the majority of Eight’s net assets are represented by a loan on Supply’s shares with additional guarantees provided by TAG.- By Tom Winnifrith |
- 12 October 2023, 08:28 |