I am back with these bonus video shows, this is number 33. In this show I interview two CEOs: Eldur Olafsson of Amaroq Minerals (AMRQ) and 'arry Adams of Kefi Gold & Copper (KEFI). I own shares in both, indeed buying more Amaroq this week. Both CEOs impressed me greatly and I am excited about my holdings. I hope that you enjoy the show.
‘Fabless semiconductor company providing turnkey services in the design and delivery of 'application specific integrated circuits' and 'system on chips'’ Sondrel (SND) states that it “is pleased to announce its results for the half year to 30 June 2023” and headlines these “Strong financial and operational progress; positive medium-term outlook”. So what of a share price currently further down to below 14p?
My typical conclusion over the last few years when looking at Next plc (NXT) is that a sixty quid share price is a mega level for the company. Broadly speaking, you start to buy the FTSE 100 name when its shares are below this and start to sell them when they are above. How is my “rule” looking today?
I have written to the Oxymorons, more in hope than expectation, suggesting that AIM Regulation sanction Nomad Stifel and Avacta (AVCT) for issuing an RNS that makes a claim that cannot be backed up. I realise that Avacta needs to do a placing in the next few months but even so this is more than naughty. This is not about me or Avacta but abut whether AIM wants to apply its own rules.
Shares in Silverwood Brands (SLWD) valued at 100p a pop represented about a third of the year end balance sheet of Andrew Monk’s Aquis listed VSA Capital (VSA). Yesterday just £7500 worth of shares were sold by somebody at just 25p causing the mid price to halve from 60p to 30 and so slashing the market cap by 50% to £78 million. Frankly even that valuation is nutso. It gets murkier and murkier.
Small cap and spiv trader favourite broker Optiva has been stopped from taking on any new clients by the FCA and its existing clients are not allowed to pass new funds or assets to Optiva’s control. The mystery is why.
Describing itself as “a leading technology enabled labour supply company for the UK infrastructure sector” (aren’t all labour supply companies “technology enabled” these days?!), Hercules Site Services (HERC) has issued a Civils Projects division contracts update, also including that it is “well positioned to meet increasing demand for our specialist services, while also contributing to a cleaner, safer infrastructure network”. So what of this and a share price currently more than 7% higher at 29p in response?
In today's bearcast I look at Avacta (AVCT), Brandshield (BRST) and what it says about the state of AIM, Caracal Gold (GCAT), Red Rock Resources (RRR), Genflow Biosciences (GENF) and Canadian Overseas Petroleum (COPL)
Describing itself as “a leading provider of native digital advertising services to premium clients in the business, finance and lifestyle sectors”, Dianomi (DNM) has announced results for the first half of the 2023 calendar year with CEO Rupert Hodson “pleased to report that Dianomi continues to attract new clients and now counts all 10 of the top 10 US asset managers as clients. Our expansion into programmatic is delivering… confident that in spite of macro-economic headwinds we are well placed to capitalise on the opportunity ahead”. However, what of the shares currently 9.5% lower at 47.5p in response?
If we have ever given the impression that Mr David Lenigas is a run of the mill Aussie penny share promoter, we would like to apologise. He is clearly Britain's Number 1 gold analyst and a national treasure like his fellow Aussie Mr Peter Tatchell. I wonder if Dave and Pete know each other?
Stifel Europe failed to get away a £10 million placing at 90p, no 80p, in mid June as I exposed HERE but, as I pointed out earlier this week HERE, Avacta (AVCT) MUST get away another placing before Easter in order to avoid its auditors flagging up a material uncertainty. Today we have news…