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UK 23:56 Saturday, 3 October 2026
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Bearcast
PREMIUM CONTENT  hot

Tom Winnifrith Bearcast: £1.2m of questions as the Reabold bid for Union Jack fails

After hours on Friday the Reabold (RBD) for Union Jack (UJO) officially failed and lapsed. I discuss what questions this raises and also red flag Defence Holdings (ALRT) in a tangential vein.

By | Published 20:46 3 October 2026 |

V3TC
PREMIUM CONTENT  hot

Vaultz Capital – third time lucky? Not on your nelly - more red flags than May Day in Moscow

On Friday Vaultz Capital  (V3TC) announced a pivot to the world of AI primarily funded by the disposal of Bitcoin Thus company has more strategy pivots than I have inappropriate thoughts about Cheryl Cole. Well okay not that many but almost…

By | Published 19:14 3 October 2026 |

Atomic

Video: The Uranium Blow-Off Top, AI Hyper-Scalers & ‘Huge Value’ in The Miners

Writer Justin Huhn has a firmly bullish outlook for uranium, describing the current phase as the middle of a long-term secular bull market.

By | Published 17:16 3 October 2026 |

BMS

Braemar – half-year trading update, an “increased volatility”-benefitting Buy

Provider of chartering, investment and risk management services to the shipping and energy markets, Braemar (BMS) has issued a trading update commencing with half-year to end August “revenue up 16% to £74.3m” and including “expect the strategic investments made in the first half, including senior hires and the establishment of our power desk, to convert to profitable growth in the second half”. What about that from the valuation at a current 235p share price?

By | Published 17:10 3 October 2026 |

Price-Vs-Value
PREMIUM CONTENT 

ShareProphets readers tips for 2026 prize competition – (just after) end-September update

Having asked for readers tips for 2026 for the prize of 1/4 litre of Tom Winnifrith’s Greek Hovel olive oil (2026 harvest) HERE, the following is an update at now (just over) three quarters of the way through the competition (to be eligible needed to have selected, on a once per username basis, one Buy and one Sell pick from the London Stock Exchange Main Market or AIM casino without by the deadline a shares suspension/cancellation announcement). And the leader is...

By | Published 16:55 3 October 2026 |

Bearcast
PREMIUM CONTENT  hot

Tom Winnifrith Bearcast from my sick bed

Not a good health 24 hours so I shall make this brief. I look at Valereum (VLRM) and Quantum Data (QDT) and why accounting wonkery matters, Petra (PDL), Tullow (TLW) and Georgina Energy (GEX).

By | Published 16:22 2 October 2026 |

KMK
PREMIUM CONTENT 

Kromek – “expansion to its revolving credit facility”, but I thought it was profitability “slightly ahead of expectations”?

Describing itself as “a leading developer of radiation and bio-detection technology solutions for the advanced imaging and CBRN detection segments”, Kromek (KMK) has issued a “Notice of AGM, Directorate Changes & Annual Report”-titled announcement. Er, why’s its bank facility news not also included in that?

By | Published 16:20 2 October 2026 |

EAAS
PREMIUM CONTENT 

eEnergy – “pleased to announce” fundraising. Er, really?!…

In August, with it describing itself as “one of the UK’s leading designers and installers of Solar PV, LED lighting, battery storage and EV chargers reducing customers’ energy costs by up to 70%”, I concluded eEnergy Group (EAAS) looked to need the payments delays process to be completed swiftly and, with the shares down towards 2p, still hopefully my prior warnings were heeded and avoid/sell. Now a “Placing and Subscription to raise £6.3 million” announcement.

By | Published 14:38 2 October 2026 |

Gold

Video: Why These Critical Metals Will Explode Higher, ‘Uncharted Territory’ For Gold

Consultant John Feneck is not phased by gold’s recent consolidation, noting it has turned negative year-to-date and is down around 5%.

By | Published 13:21 2 October 2026 |

PDL
PREMIUM CONTENT  hot

Petra Diamonds misleads as it finally fesses to the HMRC winding up petition

On 22 September I published an article showing that Petra Diamonds (PDL) subsidiary Petra Diamonds UK Treasury Limited had been served with a winding up petition by HMRC  – in fact it had been served on 25 August as you can see demonstrated HERE.  That's a SCOOP! Today Petra fessed in an RNS but it misleads the poor saps who own its shares. Management are shown as scumbags.

By | Published 13:11 2 October 2026 |

RM

RM plc – sale of Technical Teaching Solutions business, still a sum-of-the-parts Buy

RM plc (RM) has announced that it has sold its ‘Technical Teaching Solutions’ business with it receiving an initial payment of £32.6 million and emphasising it “enabling us to capitalise on the high growth, global opportunities in digital assessment and to enhance our educational IT services business”. What about this from the valuation at a 99p share price?

By | Published 12:49 2 October 2026 |

VLRM
PREMIUM CONTENT  standout

EXPOSE: Valereum interim accounts demonstrate grotesque non compliances with IFRS 9

As I flagged up yesterday Valereum (VLRM) faces a lack of fiat crisis and his grossly misled investors. Now it gets worse. Interims to 30 June 2026 contain some grotesque non compliances with IFRS 9 accounting standards in connection with its accounting for its transaction with Quorium Global Photonics SPC  bond.

By | Published 12:05 2 October 2026 |

AMRQ
PREMIUM CONTENT  hot

Amaroq – “pleased” with further Nanoq drilling programme and metallurgical test work, here’s why…

Amaroq (AMRQ) states it “is pleased to announce the completion of its 2026 resource drilling programme at the Nanoq Gold Project in South Greenland, alongside successful metallurgical test work results of Nanoq mineralisation”. The details show why it is pleased.

By | Published 11:57 2 October 2026 |

QBT
PREMIUM CONTENT  hot

Quantum Blockchain Technologies deeper dive accounting nerdery, nothing adds up, wholesale IFRS breaches

As I set out in my article yesterday the poor financial position of Quantum Blockchain Technologies (QBT) means that it is reliant upon future placings to stay afloat given its cash at June 30 of just E11,000 and an operating cash burn in the prior six months of E1,065,000.  Conventional debt from third parties isn’t possible because it has net liabilities of E6,426,000 which includes existing debt of E7,396,000.  So, a bucket shop placing is inevitable.

By | Published 11:48 2 October 2026 |

Bear
PREMIUM CONTENT 

The Easy Money Fairy Tale Is About To End Violently says the world's second most foul mouthed financial podcaster

Chris Irons, aka Quoth the Raven, has a unique style of podcasting but who am I to throw stones? He has just published this essay below which is a warning to us all. He is bang on the money.

By | Published 11:45 2 October 2026 |

Market News

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Recent Comments

TOM
TOM3 Oct 2026
improving thank you. Oddly got a similar message the day before from someone who is also a practicing christian living just a few miles from you, in Harbury. So I guessed!
Tom Winnifrith Bearcast from my sick bed
TOM
TOM3 Oct 2026
nope Tom helping himself to more cheap shares sold by folks like you who cant do basic maths. Thanks for bringing forward a retirement of goat farming by a few montsh. It is appreciated
Tom Winnifrith Bearcast from my sick bed
THE PINK PANTHER
THE PINK PANTHER3 Oct 2026
War in Ethiopia now , who thought civil war in above Sudan would wander! Well I saw it ! Magna carta was right,now tom is eating humble pie . Donkey ride booked for Christmas 🎁
Tom Winnifrith Bearcast from my sick bed
JEFF_WITH_A_J
JEFF_WITH_A_J3 Oct 2026
ECOB reminds me of OPTI (although the scale of announcements are far greater and have actual numbers attached). I've viewed both businesses as having a interesting product and plausible business model but neither have actually delivered on that.How is ECOB picking up these contracts? They are so diverse, both geographically and it terms of languages spoken etc - where is the common thread that enables them to deliver these? It doesn't strike me that they would likely have a expansive international sales operation.I'd be a lot more comfortable if they were getting more projects off ground in Albania and the wider Balkan region as they would be able to technically and operationally serve such projects much more easily and really prove out the product.
Eco Buildings – interims, a progress in Albania and elsewhere STRONG BUY, this could multibag by Christmas
Sohail
Sohail3 Oct 2026
Hope you feel better soon Tom.My email account has been hacked so please ignore any requests for money purporting to be from me.
Tom Winnifrith Bearcast from my sick bed
MICHAEL MCKENNA
MICHAEL MCKENNA3 Oct 2026
Very happy with this update. I first bought in recently at 106.9p and now averaging up. Taking a five-year view.
Amaroq – “pleased” with further Nanoq drilling programme and metallurgical test work, here’s why…
NSK18
NSK183 Oct 2026
Great commentary on how things are. The unwinding is going to be dramatic and nasty. How will politicians react to the situation? Will they experience force majeure?
The Easy Money Fairy Tale Is About To End Violently says the world’s second most foul mouthed financial podcaster
COLINS2
COLINS23 Oct 2026
"I am amazed that advisor Guild and indeed AQSE Regulation continue to tolerate this nonsense.."One can only assume that they do not apply the same dilligence to checking accounts as you do!
EXPOSE: Valereum interim accounts demonstrate grotesque non compliances with IFRS 9

Complete Coverage

That Was the Week that Was 7 Days of ShareProphets

Saturday »

Bearcast
Tom Winnifrith Bearcast: £1.2m of questions as the Reabold bid for Union Jack fails
  • By Tom Winnifrith
  • 3 hours ago
V3TC
Vaultz Capital – third time lucky? Not on your nelly - more red flags than May Day in Moscow
  • By Tom Winnifrith
  • 5 hours ago
Atomic
Video: The Uranium Blow-Off Top, AI Hyper-Scalers & ‘Huge Value’ in The Miners
  • By Tom Winnifrith
  • 7 hours ago
BMS
Braemar – half-year trading update, an “increased volatility”-benefitting Buy
  • By HotStockRockets
  • 7 hours ago
Price-Vs-Value
ShareProphets readers tips for 2026 prize competition – (just after) end-September update
  • By Steve Moore
  • 7 hours ago

Friday »

Bearcast
Tom Winnifrith Bearcast from my sick bed
  • By Tom Winnifrith
  • 1 day ago
KMK
Kromek – “expansion to its revolving credit facility”, but I thought it was profitability “slightly ahead of expectations”?
  • By Steve Moore
  • 1 day ago
EAAS
eEnergy – “pleased to announce” fundraising. Er, really?!…
  • By Steve Moore
  • 1 day ago
Gold
Video: Why These Critical Metals Will Explode Higher, ‘Uncharted Territory’ For Gold
  • By Tom Winnifrith
  • 1 day ago
PDL
Petra Diamonds misleads as it finally fesses to the HMRC winding up petition
  • By Tom Winnifrith
  • 1 day ago
RM
RM plc – sale of Technical Teaching Solutions business, still a sum-of-the-parts Buy
  • By HotStockRockets
  • 1 day ago
VLRM
EXPOSE: Valereum interim accounts demonstrate grotesque non compliances with IFRS 9
  • By Tom Winnifrith
  • 1 day ago
AMRQ
Amaroq – “pleased” with further Nanoq drilling programme and metallurgical test work, here’s why…
  • By Tom Winnifrith & Steve Moore
  • 1 day ago
QBT
Quantum Blockchain Technologies deeper dive accounting nerdery, nothing adds up, wholesale IFRS breaches
  • By Tom Winnifrith
  • 2 days ago
Bear
The Easy Money Fairy Tale Is About To End Violently says the world's second most foul mouthed financial podcaster
  • By Tom Winnifrith
  • 2 days ago

Thursday »

Boom
Fagash vs Chris Gilbert death match Round 2 at Sharestock 2027: early bird priced tickets on sale now
  • By Tom Winnifrith
  • 2 days ago
Bearcast
Tom Winnifrith bearcast: a new share trade
  • By Tom Winnifrith
  • 2 days ago
ECP
EXPOSE: £24m cap Eight Capital Partners declared profit but a looming liquidity challenge
  • By Tom Winnifrith
  • 2 days ago
TPT
Topps Tiles – “expects adjusted profit before tax for the full year to be in line with current market expectations”, not the initial expectations though!…
  • By Steve Moore
  • 2 days ago
QBT
Quantum Blockchain Interims: how is this AIM posterboy company not classified as bust?
  • By Tom Winnifrith
  • 2 days ago
Beggar
To be fair to Andy Burnham and chancellor Healey as the 30 year bond tops 6%
  • By Tom Winnifrith
  • 3 days ago
LST
Light Science Technologies – after just in August “confidence in a strong second half has strengthened”, why are the shares now slumping on a “Trading Update”?…
  • By Steve Moore
  • 3 days ago
ECOB
Eco Buildings – interims, a progress in Albania and elsewhere STRONG BUY, this could multibag by Christmas
  • By HotStockRockets
  • 3 days ago
VLRM
Valereum Interims Part 1: A fess up on past untruths, the auditor calls out cock & it looks to be bust!
  • By Tom Winnifrith
  • 3 days ago
Bully
Paul Mathieson back where he started – my mother’s suicide, this time he ropes in my late father as well
  • By Tom Winnifrith
  • 3 days ago

Wednesday »

WPHO
Windar Photonics – interims, how strong a base now “to restructure and grow the business”?
  • By Steve Moore
  • 3 days ago
Bearcast
Tom Winnifrith bearcast: from Avacta's crazy valuation to a £1 billion joke, Mr Turd and a potential 25 bagger
  • By Tom Winnifrith
  • 3 days ago
KEN
Kendrick interims: do the maths, its got no money at all! Bailout placing ahoy! £24 million Timber!
  • By Tom Winnifrith
  • 3 days ago
TAND
Tan Delta Systems – interims argue “a strategic market position with a compelling offer”. Really?
  • By Steve Moore
  • 3 days ago
TLW
Tullow $393 million tax blow – could that sink the ship?
  • By Tom Winnifrith
  • 3 days ago
Bear
Video: Food Shortages, Inflationary Spiral & Why Gold Miners Will Benefit ‘Tremendously’
  • By Tom Winnifrith
  • 4 days ago
SALT
If Microsalt hits breakeven in 2027 as it promises I am a banana & so is Evil Banksta
  • By Tom Winnifrith
  • 4 days ago
FUTR
Future plc – argues trading “in line”, but why after previously “accelerating” its share buyback is it now to “pause” it then?
  • By Steve Moore
  • 4 days ago
BMV
BREAKING: Sath Ganesarajah of Bluebird breaks the rules yet again
  • By Tom Winnifrith
  • 4 days ago
AGI
EXPOSE: Potentially AI – significant loss in last interims before RTO and breaches of IFRS accounting standards
  • By Tom Winnifrith
  • 4 days ago

Tuesday »

GENI
GENinCode – interims, with “revenues have not been as strong as hoped” how’s the balance sheet position now?
  • By Steve Moore
  • 4 days ago
Bearcast
Tom Winnifrith Bearcast: This is madness Home Secretary and all about Kefi
  • By Tom Winnifrith
  • 4 days ago
LIKE
Likewise Group – interims, a “materially ahead of market expectations” Buy
  • By HotStockRockets
  • 4 days ago
RBD
Will Reabold’s humiliation be announced Friday or Monday? A share only for lemmings either way.
  • By Tom Winnifrith
  • 4 days ago
TGP
Tekmar – “pleased to report”… a trading warning!
  • By Steve Moore
  • 5 days ago
Bully
Paul Mathieson writes to my wife again
  • By Tom Winnifrith
  • 5 days ago
Gold
Video: Rick Rule sees a ‘Generational Opportunity’ In Gold Miners, ‘Substantially’ Higher Gold Prices Ahead
  • By Tom Winnifrith
  • 5 days ago
TERN
EXPOSE: Tern Results, another dog’s dinner & why is a new corporate car needed?
  • By Tom Winnifrith
  • 5 days ago
TEK
Tek Capital: when is a profit pure fiction? Bailout placing
  • By Tom Winnifrith
  • 5 days ago
KEFI
BREAKING: KEFI - Market abuse with apparently fake broker note
  • By Tom Winnifrith
  • 5 days ago

Monday »

Bearcast
Tom Winnifrith Bearcast: Gold and the 1970s and Blackbird lurches to another bailout
  • By Tom Winnifrith
  • 5 days ago
XPF
XP Factory – argues “best served” focusing exclusively on Escape Hunt rollout, so what about the previously-stated “highly complementary” Boom Battle Bar business?…
  • By Steve Moore
  • 5 days ago
PRE
Pensana: two questions Paul Atherley MUST answer
  • By Tom Winnifrith
  • 5 days ago
SQZ
Serica Energy moves to the main market and has a strong investment case - buy on any weakness
  • By Gary Newman
  • 5 days ago
MET
Metir – interims, “determined to complete a fundraise… to enter 2027 with increasing confidence”. Er, it means to be able to continue trading!…
  • By Steve Moore
  • 5 days ago
SDI
SDI Group – AGM Trading Update, continuing trading delivery value
  • By HotStockRockets
  • 5 days ago
COIN
Coinsilium: more about that second pig and pork
  • By Tom Winnifrith
  • 5 days ago
CKT
Checkit plc – interims emphasising “value-creation framework”, but how exciting is it?
  • By Steve Moore
  • 6 days ago
Bully
BREAKING: Not Very Gneiss message, if not an outright threat to Union Jack’s Craig Howie
  • By Tom Winnifrith
  • 6 days ago
CRTA
Letter to AIM Regulation and the FCA: Cirata (again)
  • By Tom Winnifrith
  • 6 days ago
Sinking_Ship
Is Nuburu overpaying for Tekne S.pA? Is the Pope a Catholic?
  • By Tom Winnifrith
  • 6 days ago

Sunday »

Bearcast
Tom Winnifrith Bearcast No 2: Coinsilium and not 1 but 2 pig and porks!
  • By Tom Winnifrith
  • 6 days ago
CRTA
BREAKING: Cirata – revisiting revenues and accrued income & its shocking!
  • By Tom Winnifrith
  • 6 days ago
Bearcast
Tom Winnifrith Bearcast No 1: revising Coulter's Law for Fairford & 2 scary sets of words from the Left shows Labour just does not understand economics
  • By Tom Winnifrith
  • 6 days ago
Quiz
The ShareProphets Sunday Pub Quiz #365
  • By Darren Atwater
  • 7 days ago
Blackboard
Visual Aid: The World’s Best Countries at Science in 2026
  • By Darren Atwater
  • 7 days ago
Gold
The View From The Montana Log-Cabin As Gold Slips Again
  • By Nigel Somerville
  • 7 days ago
Reading
Sunday Long Reads: Man City Hacker, John Factor, UK v Palantir, ChatGPT, BBC News Motives
  • By Darren Atwater
  • 7 days ago
Top-10
Notes from Underground – Most read articles for the week ending September 26
  • By Darren Atwater
  • 7 days ago

Saturday »

POLB
Podcast: TW interview Cathal Friel of Poolbeg Pharma
  • By Tom Winnifrith
  • 7 days ago
AMRQ
Amaroq and the Donald Trump Roll, is the target from 120.5p, 200p or 300p?
  • By Tom Winnifrith & Steve Moore
  • 8 days ago