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STJ
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St James Place shares crash as it sets aside £426 million for screwing its customers and there will be worse to come

I say this time and time again, in any business there are three key groups of stakeholders: customers, employees and shareholders. In some businesses there is a fourth, suppliers. The basic rule is that you can over-reward one or two key groups by screwing a third but only for so long. In the end you will pay for that screwing. Wealth manager St James (STJ) created a vile culture where staff were given huge bonuses, luxury cruises and more if they screwed customers by getting them to churn their investments and by stiffing them with any charges going. That also allowed the company to pay bumper bonuses. But that business model is not sustainable. And today the chickens started coming home to roost.
CRV
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Craven House Capital – a sub scale dog that should wind itself up

Craven House Capital (CRV) is one of those pointless companies at the very bottom of the AIM sewer list of failures, by market capitalisation it was at number 737 out of out 744 in the January table. Today it released its interim results for the six months ended 30 November 2023 which showed a loss of $114,000 increasing the deficit on shareholders equity to $498,000.
ENSI
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EnSilica – “Significant c.US$20 million Supply Win” announcement just hours after discounted placing announcement!

Yesterday afternoon EnSilica (ENSI) announced that it has conditionally raised approximately £1.1 million in a placing at 50p per new share and the company has today issued a “Significant c.US$20 million Supply Win”-titled announcement. What of these and a share price currently further up to above 70p in response?
BTC
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Shameless tweet ramping from David Lenigas: there should be a law against this

Today the David Lenigas bitcoin ramp Vinanz (BTC) announced it has raised £447,750 at 12p. For lucky funder shareholder Mr. David Lenigas who, along with his bromance partner Richard Poulden, paid just 0.25p for his shares just weeks before a 3p IPO that is more good news. Some of the cash will go to buy more bitcoin miners but most will be used for share promotion: a dual listing on Nasdaq and another one on Frankfurt, a cowboy market that makes AIM look sober and honest.
HFD
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Halfords – from “Strong start to Q4 trading, FY24 profit guidance maintained” little over a month ago to already “a further material weakening”!

A 25th January trading update headline from Halfords (HFD) included “Strong start to Q4 trading, FY24 profit guidance maintained”, with that stated to be £48 million-£53 million. So what of already a further trading update despite the company’s year being to 29th March?
VDTK
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Verditek a new chapter begins, worth a small flutter?

Sometimes, even with a disastrous share tip from Old Mother Mike Walters, there is life after death. Investors may have lost more than 99% of their dosh from peak Walters ramp but today there is a new beginning and it is very tempting to have a flutter.
OPTI
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OptiBiotix – long-winded “Strategic and commercial update”, but various positives suggest still a Strong Buy with target price increased

OptiBiotix Health (OPTI) has issued a “Strategic and commercial update” announcement. There are various positives in the long-winded announcement and the shares have currently responded more than 11% higher to 25p, but that’s still below levels of even early this month and we’d have preferred a much more to-the-point announcement of financials and orders news. However, having spoken to CEO Stephen O’Hara, we believe significant progress is being made on those to mean significant potential from the current £22.8 million market capitalisation.
Bearcast
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Tom Winnifrith Bonus Bearcast: with Luke Johnson on Board Tortilla Mexican is a 10 bagger said the twitter moron with 39 followers

Rollout is not that simple. I explain why this poltroon is making wildly overoptimistic assumptions with regard to Tortilla Mexican (MEX). I bet even Luke Johnson agrees with me not the poltroon.
SYME
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Supply shares crash to new all time low: how is that alternative funding going?

Oh for the days when brown envelope man Zak Mir was ramping this worthless fraud for all he was worth. Today shares in Supply@ME Capital (SYME) have slumped to just 0.028p but that still values this worthless crock at £17 million. Now I remind you what the company said via RNS on December 2023:
CHSS
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More meaningless and dishonest piffle from World Chess as it stumbles towards its June cash crisis

With its shares at 2p to sell, last month World Chess announced that it was raising 816,000 Euro in five monthly tranches at 5.97p. If that did not set the alarm bells ringing nothing would. Even with that cash, this cash guzzler will be running on vapours by June so more ramping is needed. Today’s RNS crafted by the journalist smearing scumbags at Yellow Jersey PR is just dishonest. World Chess wants to update us on “strategic developments.”
Bearcast
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Tom Winnifrith Bearcast: Following ouzo man, Lucky Luke Johnson and telling Steve O'Hara to sack his PR gophers

In today's Bearcast I look at Avacta (AVCT), where ouzo man joins the bear's picnic, Regtech Open (RTOP), Hydrogen Utopia (HUI) and a tough google search, UK Oil & Gas (UKOG), Optibiotix (OPTI), Tortilla Mexican (MEX) and Lucky Luke and Chill Brands (CHLL) where i reinstate a target price of 0p. 
BRCK
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Brickability Group – “Resilient performance; further progress on strategic objectives”… Or not?

Describing itself as “a leading construction materials distributor, serving customers across the UK and Europe”, Brickability Group (BRCK) has issued a “Trading Update” headlined “Resilient performance; further progress on strategic objectives”. What then of the shares currently falling below 70p, more than 10% lower, in response?
PFC
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Evil Banksta reminds us all why Petrofac is a very shortable near slam dunk zero

Liverpool’s greatest numbers man since Ken Dodd gave a presentation last week where he reminded folks why Petrofac (PFC) is a zero. At 28p the market cap is £144million and it is eminently shortable.
RTOP
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RegTech Open Project: gone bust yet? When will the FCA suspend the shares?

Floated at 100p last August, shares in Regtech Open Project (RTOP) are just 3.66p, a new all-time low. That the prospectus was grossly misleading is beyond doubt. It claimed that Alessandro Zamboni’s AvantGarde was selling almost £18 million of shares to 12 lucky punters. But AvantGarde, like Regtech, appears to be insolvent, owing cash all over the place including to Regtech. Did any of the 12 punters actually pay up back in August? Why hasn’t the FCA suspended Regtech shares pending clarification?
SND
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Sondrel – “New Contract Win and Corporate Update”… now it’s cash crunch in just a couple of days!

“New Contract Win and Corporate Update”-titled announcement today from Sondrel (SND), which describes itself as “a leading provider of ultra-complex chips for leading global technology brands”. It emphasises the contract win has “a total estimated value of US$23 million”, so very good news from a prior below £10 million market capitalisation with the shares just above 11p?
PRE
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My Advent share tip already vindicated but Pensana is still a buy

The week before Christmas I tipped Pensana (PRE) at 25p. I said the shares were “a steal”. They are now 34p after news yesterday and are still a steal!
Crime-Scene
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Tingo: now Dozy blames the others in Nigerian video interview

The blame game is afoot at the Tingo (TIO) fraud, first exposed by myself at Sharestock in September 2022. I discussed on Sunday how the Mail on Sunday hatchet job on Dozy Mmobousi had all the hallmarks of Chris Cleverly throwing him under the bus, blaming him for everything. I now see that Chris also managed to get the Sunday Times to run a piece exonerating him. How bent is the deadwood press that it does not check his historic record of fraud and just takes him at his word? Meanwhile Dozy has recorded the interview below in Nigeria and he has a different view.
Bearcast
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Tom Winnifrith Bearcast: Yes no change on Avacta, it's still a stonking short on 2 counts

In today's podcast I discuss Guild ESports (GI:LD) and regulatory failure and in the same vein Deepverge (DVRG) and the fraud Supply@ME Capital (FRAUD), Hydrogen Utopia (HUI), Invinity Energy (IES), Sosandar (SOS) and Avacta (AVCT)
IQAI
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IQ-AI – is “pleased to announce the result of the Broker Option” fooling itself or trying to fool everyone else?

‘Imaging platforms and therapeutics’ company IQ-AI (IQAI) states that it “is pleased to announce the result of the Broker Option that was announced on 22 February 2024 alongside a £300,000 placing”. That announcement included that the broker option was to “raise up to a further £100,000… The company and Peterhouse at their discretion may decide to increase the amount of the Broker Option to meet demand”. So what’s the now “pleased to announce” result?
GILD
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Show Me The Money: Guild Esports, is the bailout placing underway or the FCA taking action, nobody gives a FF that you’ve signed Charyy

You don’t know who Charyy is? Cripes where have you been living? Get with it dinosaurs. Charyy is “a top-ranked professional player” in the world of esports (playing games on a computer) with earnings of $58,100 in prize money from 26 tournaments in the past year. Wow that is almost as much as my local Co-Op generates each month. Anyhow Charyy has signed with Guild Esports (GILD) and its shares are tanking.
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