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Tom
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UPDATE 2 Tom Winnifrith: Less than three months to Sharestock now only 22 seats left: book now!

This may well be the final event I put on: Sharestock 2025 is on September 6 at my home between Chester and Wrexham and I really hope to see you there, you can book HERE, as of today we are more than two thirds booked out. My own talk may or may not be a double act with Mr X. If I am going out I am going out with a bang.
DIS
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Distil plc – having been buying just 11 days ago, Dr Graham Cooley now turns shares seller…

Albeit even a year ago its shares having been 0.475p, as shares in alcohol drinks brands company Distil plc (DIS) rose towards 0.10p in April I noted ‘“U.S. distribution partnership” announcement. Ramptastic!’. The shares most recently closed at 0.32p but what about today a “Holding(s) in Company” announcement and the shares currently down to 0.25p?

CAPD
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Capital Limited – multiple new contracts awards, value recovery Buy

Mining services company Capital Limited (CAPD) has announced contract awards across drilling and laboratory services, with it “seeing strong momentum across the business, as we move through Q2”. How encouraging is this latest news from a currently up to 84.8p share price?
NARF
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Narf Industries – “Director's Loan Extension”, but still how confident to be that sufficient capital is in place?

Listed in London with a current below £9 million market cap but describing itself as “a leading U.S.-based cybersecurity group specialising in advanced threat intelligence and software system security” (hmmm!), Narf Industries (NARF) has issued a “Director's Loan Extension” announcement that it “is pleased to announce an extension to its unsecured Invoice Financing Facility Agreement with the company’s Chief Executive Officer, Steve Bassi”. How ‘pleasing’ really is this?
Bearcast
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Tom Winnifrith Bearcast No 2: my family & slavery, Dominic Frisby & the Earl of Grantham and the history and lessons from bubbles

It starts with a reader suggestion that I write an autobiography and that leads me to the book I actually want to write and for most of the bearcast a canter through all sorts of bubbles, what caused them, what ended them, their legacies and the lessons learned or ignored.
LORD
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Lords Group Trading – AGM Statement argues now ‘well positioned’, but is it really?…

Distributor of building materials in the UK, Lords Group Trading (LORD) has issued an “AGM Statement” including that merchanting volumes “continue to trend positively against the prior year” and “new branch openings at Bicester, Maidstone and Mansfield, are contributing more strongly than had been anticipated”. With “the board is confident that the group is on track to meet its expectations for FY25”, how does the performance compare to the valuation from a current 43.5p share price?
Bear

Video: The Credit Bubble has Expanded into Equities, Parallels to 1929

Gold market guru Alasdair Macleod has a stark warning
VRS
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Versarien: where are the interims to 31 March 2025? Achtung Dr Sour Kraut this is another red flag!

Versarien (VRS) interims are late based on their historic publication dates, good news travels fast, bad news is often delayed.
Bearcast
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Tom Winnifrith Bearcast No 1: Recording a video with a bitcoin maniac living inside the bubble

This chap made our in-house bitcoin obsessive Jimbo seem 100% sane and balanced. I discuss living inside financial bubbles then reflect on Malcolm Burne's call for regulatory action on the bitcoin in treasury bubble ahead of its inevitable collapse. 
PPP
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Pennpetro may survive: this issue is whether ex directors including David Lenigas go to jail or get a stockmarket ban

I was a bear of Pennpetro (PPP) from the day that it came onto my radar when Big Dave Lenigas joined as chairman of what was an insolvent crock of shit. The shares are suspended amid clear evidence of fraud and a financial crisis. Now it looks as if Pennpetro will survive although shareholders are going to get diluted to buggery and will lose their shirts. The big question is whether the FCA will investigate whether Lenigas and ex CEO Tom Evans profited from fraud and will they do anything.
Madness
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Bookmark this damning essay by a bitcoin investor for when the bitcoin in treasury bubble bursts

The guilty men and women, regulators, Rachel from Customer Services, sordid promoters and social media influencers know who they are. When thus bubble bursts and folks who have bought in at ludicrous prices lose everything, bookmark this article and make sure the guilty men and women are held to account.
VRS
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GOTCHA! Vesarien fesses, ouzo for the Sheriff!

After two exposes in two days and two emails to AIM Regulation, Versarien (VRS) has been forced to admit to the bad news it had been sitting on thereby breaching AIM Rule 10 and committing fraud ahead of a May 14 placing. But even the ‘fess up RNS is grossly misleading. So U offer up its RNS and what it should have said. The fraudsters at Versarien first:
AMRQ
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Amaroq Minerals – year-end price target upped following bumper fundraising, Strong Buy

Writing previously on the “Proposed equity fundraising and acquisition of additional licences to create a new West Greenland Hub” by Amaroq Minerals (AMRQ) we stated that we consider Amaroq to be well-managed and it has demonstrated an ability to fund and progress projects. The fundraising has now further demonstrated that with it “significantly oversubscribed” despite being at only a very limited discount. The shares were 86.5p but, at 85p, not £30 million but £45 million was raised and, although nicely up from a 73p offer price tip, the following is why we still consider there significant near and long-term value potential here.
LPA
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LPA Group – interims emphasise expect “full year in line with current market expectations”… but those are from a lack-of-profits warning just two weeks ago!

Electronic and electro-mechanical components and systems group LPA (LPA) has announced results for its half-year ended 31st March 2025 including emphasising “pleased to report that our order intake exceeded our expectations for the first half of the financial year proving that demand for our product solutions remains robust… expect to deliver results for the full year in line with current market expectations”. So what about a current share price response to 47.5p, approaching 8% lower?
Bearcast
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Tom Winnifrith Bearcast No 2: Not recording in a beehive

I explain about the beehive and then some macro matters relating to my team (Israel) whipping Gary Newman's pals in Iran. Then it is Anemoi (AMOI), Vinanz (BTC), Kenmare (KMR), Revolution Beauty (REVB), World Chess (CHSS) and Litigation Capital Management (LIT).
KMR
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Kenmare Resources – due diligence access “in order to facilitate the consortium improving the financial terms of the proposal” actually leads to a rejected “substantially” lower proposal!

In March I concluded cautiously on titanium minerals miner in Mozambique Kenmare Resources (KMR) as the shares soared to around 400p on a possible offer “proposal” including noting a likely material share price fall if a deal is not agreed. The shares most recently closed at 394p and what about them now currently back towards 300p on it announced that a deal has not been agreed?

HAS
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Hays plc – profit warning on net fee declines despite admitted “soft” comparatives!

Most recently on international recruitment company Hays plc (HAS), in February with the shares slightly falling from just above 73p, despite it arguing its “key markets are being driven by powerful, supportive megatrends and remain characterised by significant talent shortages”, I noted macroeconomic headwinds and that there could be structural challenge to the sector also so to still avoid. The shares most recently closed at just above 70p and what of them currently falling towards 60p on the back of a “Pre-Close Year End Trading Update”?

VRS
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BREAKING: Versarien: it gets far worse, it deceived us with its annual results & report, surely AIM Regulation must act!

Yesterday I revealed HERE how Versarien (VRS) breached AIM Ryle 10 and committed fraud by not disclosing that what it deemed a “pivotal” customer had gone tits up before doing a placing. AIM Regulation tells me says that it is now considering its position but I am afraid that it is far worse than even I thought. With a hat tip to Dr Sour Kraut…
BELL
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Belluscura:: when even your parents disown you, the Fat Lady is surely starting to gargle

Belluscura (BELL) has already uttered the most dreaded words in the Financial Dictionary “strategic review.” That should be a warning sign that this cash guzzling, serial disappointer, is heading for a final grizzly end as long predicted by both myself and Evil Banksta. At this juncture it is not whether the rats leave the sinking ship but which rats jump first.
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