UK 22:31 Wednesday, 23 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
I start with Bodybags. Then I look at MedpalAI (MPAL) and Skinbiotherapeutics (SBTX), not at my bear case thesis in both vase but pulling apart the bull case. I comment on Tern (TERN), Optibiotix (OPTI) and Paul Mathieson, two metaphorical ouzos tonight, and then on Georgina Energy (GEX), Georgina's scumbag management's hit job on me I reference was discussed HERE
Seeing Machines (SEE) CEO Paul McGlone is “pleased with the response of investors and the broader market to the recent release of our half-year trading results and quarterly KPIs, and we are particularly pleased to the market reaction to the launch of our Human-Centred Physical AI platform for robotics”. What then about now a current approaching 12% lower share price response, to 4.15p, to an “Interim extension of convertible loan notes” announcement?
After today’s shocking news that the Police wish to interview him under caution, Mr Paul Mathieson has sent myself and Darren an email. If you thought he was bonkers before…
I cannot get excited about Medpal AI (MPAL) even after its placing to raise £5 million at 5p. There are five reasons for thus and though I’d like to be nice to my pal the evil PR genius Councillor Bick as he considers the waning fortunes of Reform UK, I just cannot overcome them. The shares are now 6.05p giving a market cap of £53 million, I suspect that is closer to £60 million fully diluted with all the in-the-money options management have awarded themselves. So here goes.
Am I allowed to write this or will Andy Burnham's new proposed Ministry of Truth forbid it? The great gold bug Schiff has it bang on the money with his truly libertarian approach to immigration. He talks about America but it is even more true when one considers the UK. Here in Airstrip One, I would throw open the doors to all comers. That would put the people smugglers out of business. But I would also not offer a penny of welfare to anyone arriving in the UK. Let us see who then arrives. Further more…
Homewares group Portmeirion (PMP) has announced its results for the first half of the 2026 calendar year headlined “‘Elevated’ strategy progressing at pace, fixing the foundations for growth”. So not currently growth then?
The presentation can be seen below and takes into account the awful attack on the Tulu Kapi camp on 4 September. To me it really is a very strong slide deck and reinforces why on a risk reward basis the shares are – at 0.72p - such a strong buy and I am, as you know, buying so drinking my own poison! For me, the key takeaways are:
What folks like Laura “the cover up” Zelenko and crazy Meg Short at Bloomberg will never understand is that I am one of the good guys holding Companies to account. If I hang up my boots to become a goat farmer or when the grim reaper comes to pay a call, more folks will get away with financial crime or dodgy accounting because nobody else seems to raise issues with the regulators and force corrective action. Today I have received the letter below from the Financial Reporting Council regarding Optibiotix (OPTI).
In light of today’s Police interest in Paul Mathieson I have dropped Laura Zelenko at Bloomberg an email. Laura promised me a full and prompt enquiry into Bloomberg’s role in harassing me at the behest of Paul Mathieson, Barings’ Nick Leeson and the man Harvey Weinstein engaged to harass journalists and women he is alleged to have raped, Seth Freedman. Ms. Zelenko’s commitment to an enquiry was 7 months ago. However, nothing seems to have happened from the woman in charge of “overseeing standards.” The letter reads:
Most recently on colour cosmetics and personal care brands company Warpaint London (W7L), in July with the shares at 182p I questioned on its launch of a share buyback programme, how much “an opportunity to deliver value for shareholders”? including that, with “difficult” trading conditions, it will be interesting to see the second half weighting now required with September-expected half year results. The shares most recently closed at 224p but now the results and what of a current share price response towards 190p?
I have dropped Francesca “Frankie” Davies at Baker Mckenzie a note about Paul Mathieson…the Police have been on the trombone
A delayed workday today after a morning health relapse. Back on the case I explain exactly why I do not trust the new management at Skinbiotherapeutics (SBTX) and why owning its shares is madness. En passant I mention Cirata (CRTA) and the FCA.
Pulsar Group (PULS) has announced that it “has reached a satisfactory conclusion with HMRC… as expected, the group has paid the outstanding amounts owed to HMRC. These repayments were made from the group’s normal cash collections… The group’s underlying trading position is robust with a number of recent notable wins across all regions”. The shares have currently responded up to 18.5p, but what about that comparing to above 35p at the start of the group’s current year to end-November?
It is not Petra Diamonds PLC (PDL) that faces the petition. It is a zero for reasons I have explained many times but most recently HERE. However, there is a winding up petition made by HMRC against a subsidiary, Petra Diamonds (UK) Treasury Limited.
The Euroloon Jonathan Price is wrong about most things in life other than his lifelong support for the mighty Hammers, accepting that his Mrs is far too good for him and his knowledge of commercial property and shares in that sector. He regards it as a slam dunk cert that there will be more bids as he explained HERE.
