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Versarien and par value – making a refinancing ever harder: target price still 0p
I appear to have overlooked the fact that par value for shares in Versarien (VRS) is 1p. That means that new shares cannot be issued at below that whatever the company says about being able to issue equity. As of today, after the most recent dismal warning the bid is…1p. Clearly any placing would have to be at a massive discount so what gives?- By Tom Winnifrith |
- 4 October 2023, 08:59 |
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Tern Plc – how big a discount will it need to get the forthcoming placing away?
As Tern (TERN) shareholders decide whether or not they will support the proposed issue of 37.5 million new shares as approved at the General Meeting which, at say 5 pence per share (a modest discount to closing mid-price of 5.75 pence per share), would raise £1.875 million before expenses perhaps investors should consider the recent performance of the major investments.- By Tom Winnifrith |
- 4 October 2023, 08:17 |
The Brake on Food Inflation should See 'Night Out' Outfits like this Becoming More Tasty for Investors
Hello Share Twiddlers. You'll have heard news that food price inflation is retreating. This gives hope for caterers whose shares have recently been battered by the situation. One company that might expect its shares to rise now is Mitchells & Butlers (MAB).- By Malcolm Stacey |
- 4 October 2023, 08:15 |
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Nexus Infrastructure – trading update emphasises “a robust balance sheet”, but for how long?…
Now a focused on civil engineering and infrastructure services to the UK housebuilding sector in the South-East of England and London company, Nexus Infrastructure (NEXS) has issued a trading update including that, whilst it is currently operating in challenging market conditions, in the coming months it expects its order book to “significantly increase” based on a number of live conversations with customers and that it “has a robust balance sheet with cash and cash equivalents of £14.6 million at the FY23 period end and the board expects to pay a final dividend”. So what of a current share price response down approaching 7% towards 100p?- By Steve Moore |
- 3 October 2023, 16:10 |
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Tom Winnifrith Bearcast: the Dark Destroyer warns Boohoo will have to raise £200m
I start with Joshua's bonus Welsh lessons then it is onto Boohoo.com (BOO) with my thoughts and those of Matt Earl. There is Tintra (TNT) and also Belluscura (BELL) and TMT Aquisitions (TMTA). Finally we have a date for Sharestock 2024 ( 7 September) as you can see HERE- By Tom Winnifrith |
- 3 October 2023, 14:57 |
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Character Group – stronger second half ‘in line with expectations’, but what does it mean financially?…
Toys, games and giftware group Character (CCT) has issued a trading update including that it is “pleased to report that, in line with the board's predictions, the business has performed more strongly in the second half and the group expects to report full year underlying profitability in line with current market expectations”. So what of this and a share price currently 3% higher at 275p?- By Steve Moore |
- 3 October 2023, 14:35 |
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Would I liked to join the IOG Action Group? Look guys I wish you luck but….
I am asked if I’d like to help shareholders in IOG (IOG) who fear they will lose everything and have set up a group to try to do something abut it. I wish those involved the best of luck and if anyone reading this wants to join, drop me an email and I will pass it on. However….- By Tom Winnifrith, the Sheriff of AIM |
- 3 October 2023, 13:17 |
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Tom Winnifrith's bonus Bearcast: today's warning from Tortilla Mexican and a real deep dive into its accounts and why they really are far worse than the company says
I am crowing here. I know a bit about how restaurants work and have long warned that this September 2021 181p a share IPO is a car crash waiting to happen. After today's warning the shares are 66p but I take a deep dive into its accounts and what the company is ignoring but you should not. I also reference Nightcap (NGHT) in this podcast.- By Tom Winnifrith |
- 3 October 2023, 12:16 |
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Safestyle UK – “Stakeholder Engagement Update”, how confident to really be for “an alternative financing structure” which is being sought?…
A “Stakeholder Engagement Update”-titled announcement from company describing itself as a “leading UK focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market” Safestyle UK (SFE) includes “productive… discussions with both existing shareholders and other third parties… to support its recovery and help facilitate future growth”. So what of a current share price response down over 30% to 3p?- By Steve Moore |
- 3 October 2023, 11:43 |
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I am still preferring the new Cheese and Honey Mustard Toastie offering from Greggs, rather than its shares
I am not surprised that one survey this morning observed that “food price inflation fell for the fifth month in a row to 9.9% from 11.5%...down for the first time in more than two years in month-on-month terms”. Anyone who has visited a supermarket, or purchased online, can see this trend across all the players from the Germans to Waitrose (and everyone else in between). I look forward to hearing the comments from Tesco (TSCO) about all of this tomorrow, but are such trends (within a general cost of living crisis) good or bad for names such as Greggs (GRG)?- By Chris Bailey |
- 3 October 2023, 09:07 |
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EXPOSE: Tintra Results – Part 1: the abject failure of tinpot auditors to qualify their audit opinion over material uncertainties over going concern
Yesterday Tintra (TNT) published its 31 January 2023 accounts which were signed on 29 September 2023 which is something I wasn’t expecting to happen given the short tenure of the joke accountants on board.- By Tom Winnifrith |
- 3 October 2023, 08:38 |
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Horizonte – a furious shareholder in Peter Brailey lets rip
One reader thought I was “crowing” about Horizonte Minerals (HZM) disastrous statement yesterday. Why would I? I got lucky, Steve and I tipped it and told folks to bank gains a while back. We were lucky but have no skin in the game. My assessment was harsh but I think fair. But it was generous compared to that of Pete Brailey, a shareholder, who writes, angrily, below.- By Tom Winnifrith |
- 3 October 2023, 08:19 |
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Tom Winnifrith Video Shareshow No 33: Eldur Olafsson of Amaroq and Harry Adams of Kefi Gold & Copper
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.- By Tom Winnifrith |
- 2 October 2023, 19:44 |
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Tom Winnifrith Bearcast: North Wales Police show themselves to be knobs & Gary is going to get a shock in the jungle
In today's podcast which Matthew's Dog and Catriona will enjoy I look at Alpha Growth (ALGW), Versarien (VRS), Horizonte Minerals (HZM), where the curse of O'Hara has hexed Gary Newman as he slumbers in the jungle, Canadian Overseas (COPL), the wretched failure of Sharon White at John Lewis and North Wales Police being such knobs. Why do I pay my taxes?- By Tom Winnifrith |
- 2 October 2023, 16:40 |
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XP Power – from an H2 “good order book and significant visibility” to significant profit warning (and much worse) in just 2 months!…
Describing itself as “one of the world's leading developers and manufacturers of critical power control components to the electronics industry”, XP Power (XPP) has issued a “trading update” including “the second quarter dividend will be paid on 12 October 2023 to all eligible shareholders, as previously announced… Operating profit for the year ended 31 December 2023 now expected to be broadly similar to last year… our customers’ outlook for 2024 and 2025 is encouraging”. What about the shares currently at 1210p, down approaching 50% then?!- By Steve Moore |
- 2 October 2023, 16:10 |
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BREAKING: Alpha Growth – Non compliant IFRS interims and correcting my omission to report Alpha to my good friends at the Financial Reporting Council
On 29 September 2023 at a leisurely 11.00 am, Standard Listed, Alpha Growth (ALGW) released its interim results for the six months ended 30 June 2023. Although total revenue was up from £1,633,445 to £2,498,710 reporting losses were £292,432.- By Tom Winnifrith |
- 2 October 2023, 15:04 |
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Thruvision emphasises H1 “good momentum” and H2 “expect… more diversified range of customers” - but why’s that?…
Previously writing on group which describes itself as a “leading provider of walk-through security technology” Thruvision (THRU), in July with the shares down to 28.5p I concluded that cash was key and that there is perhaps not really a robust base from which the group can profitably grow. Today a “Half year trading update”, which commences “trading in the six month period has shown good momentum”. So what of the shares currently, from a most recent close 29p, down to below 25p?
- By Steve Moore |
- 2 October 2023, 13:55 |
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If you owe the bank $1 you are in trouble, if you owe it $8.3 million its in trouble (but so are you!)
I refer, of course, to Vast Resources (VAST). It owes two death spiral providers $8. 3million and in early September managed to get the sharks to agree to defer repayment to 29th September which was Friday. When I was at Oxford I’d tell fragrant Sally from Barclays on Cornmarket Street that I was expecting a cheque from my Dad to clear the overdraft. And she believed me! Again and again and again. Those were the days. That untruth bought me another month to think of another cunning plan but why bother when the first one kept on working!- By Tom Winnifrith, the Sheriff of AIM |
- 2 October 2023, 12:30 |
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An update from the penny dreadful con Versarien – has the Fat Lady already checked out the timetable to get to Cheltenham? She should - target 0p!
After today’s trading statement from Versarien (VRS) even Stevie Wonder can now see the writing on the wall and the only thing that can stop the Fat Lady taking a train to Cheltenham is more industrial action by the RMT and the incompetent poltroons at Avanti West Coast also picking up the Paddington GWR franchise.- By Tom Winnifrith, the Sheriff of AIM |
- 2 October 2023, 12:10 |
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Utterly useless liberal establishment pin up girl Sharon White to walk the plank at John Lewis
My current reading, the semi autobiographical Battlefields and Playgrounds by Janos Nyiri has the young Hungarian comparing BBC News in 1940 to that of the Hungarian state radio broadcaster. The BBC was always right, it always told the truth. I suspect that, where he still alive, Janos might take a different view these days. I could imagine him shouting “they’re BOTH lying” and throwing the cat at the radio. This brings us to news that abject failure Sharon Lewis is to walk the plank at John Lewis.- By Tom Winnifrith |
- 2 October 2023, 10:27 |