premium content
Ironveld - where is the missing Grosvenor £5m?
It's over a year ago now since the smearing of Richard "nobody likes me and I don't care" Jennings of Align following his failed attempt to remove Establishment figure Giles Clarke and his lackey Martin Eales at Ironveld (IRON).- By Tom Winnifrith |
- 19 September 2023, 11:45 |
premium content
Naked Wines for me remains a stock to avoid (irrespective whether you are a drinker…or not)
Fifteen months ago I said that “Naked Wines (WINE) shareholders will probably need a drink!”. Back then, the company’s shares were just over 150p and today they are below 65p. And yet, remarkably, the company says “adjusted EBIT of £17.4m, or £16.3m on a 52-week comparable basis (FY22: £2.0m), ahead of guidance (£13-17m) due to lower new customer investment”. What is going on at this, not even now £50 million market cap, business?
- By Chris Bailey |
- 19 September 2023, 11:08 |
premium content
Safestyle UK – in less than 8 weeks from “net cash position at the end of the year is still expected” to even its debt facilities are to prove insufficient!
Most recently writing on windows and doors manufacturer and retailer Safestyle UK (SFE), in July with the shares slumping to around 10p I concluded that ‘the company reckons “the net cash position at the end of the year is still expected to be positive”, I reckon it is on trend for its borrowing facility to need to be ‘accessible’ and, even at a now down to £14 million market cap, at this juncture still avoid/sell’. Now a further “Trading Update”… and the shares further slumping from a prior close 8.3p to currently below 5p. What’s its update now?
- By Steve Moore |
- 19 September 2023, 10:37 |
premium content
Chill Brands AGM statement – it's “avin” a giraffe as it plies an evil trade
Chill Brands (CHLL) today boasts at its AGM that the products on its website “contribute to the overall well-being of our customers, delivering the social and recreational benefits they enjoy while minimising the potential harm associated with traditional substances like tobacco and alcohol.” So that would include vaping products that bring kids into the word of inhalation , a pathway to smoking, and which can cause Lung and other organ damage, breathing problems, asthma, lung scarring and chronic bronchitis. Next up, Russell Brand on why he has always been a feminist.- By Tom Winnifrith |
- 19 September 2023, 08:41 |
premium content
Altcast: No 2: Where do the equity markets stand after August?
Thanks to the sponsorship of Sure Valley, Riverfort Global & Pires Investments (PIRI) we are expanding the number and quality of speakers and are able to offer up more fun and games at Sharestock this year - as you can see HERE. In this second episode of Altcast looking at small caps and AIM I Liam Bulmer of Riverfort . The first seven months of the year were bad but August was worse!. Where next? Enjoy.- By Tom Winnifrith |
- 19 September 2023, 08:41 |
Zenova – how “thrilled” to be with first deliveries to new sub distributor?
Fire safety and temperature management products and technology group Zenova (ZED) has issued an RNS commencing that it “is thrilled to announce that first deliveries of 13,654 units of Zenova FX500 handheld aerosol extinguishers for the USA market to our recently announced new sub distributor Petra Industries” and including “this is the first time that the Zenova FX500 is available for purchase in the USA and it is expected that orders volumes will increase as more distribution channels are opened in the USA”. With the shares currently responding more than 7% higher to 5.5p, how big is this news?- By Steve Moore |
- 18 September 2023, 16:31 |
Deltex Medical – interims, emphasises EBITDA… but it’s currently only a target and is bullshit earnings!
Writing on Deltex Medical Group (DEMG) with the shares crashing towards 0.20p last month I noted it will be interesting to see just how dire the latest half-year position was and questioned will the latest funds really be sufficient to implement a growth strategy delivering net cash generation. So what of the now-announced results for the first half of the 2023 calendar year?
- By Steve Moore |
- 18 September 2023, 15:35 |
premium content
Tom Winnifrith Bearcast: Dan Wilkinson from Haworth wants to beat up a much older man, that is to say me
Strapping Dan from Haworth has a sweet looking Mrs. Does she know what an online thug he is as you can see in the tweet below? In today's podcast I discuss Avacta (AVCT), Wildcat Petroleum (WCAT), Dialight (DIA), Tingo (US:TIO) and S4 Capital (SFOR) run by the pompous arse Sir Martin Sorrell.- By Tom Winnifrith |
- 18 September 2023, 13:37 |
premium content
Mondi does a deal with the Russians…and the share price, correctly, likes it
Seven weeks ago I admitted that I got “the horn for the world of sack kraft paper and paper bags” and thought Mondi (MNDI) shares were cheap. It is good to see the shares up over 10% over the last month, including an over 4% increase today due to a sale in Russia.
- By Chris Bailey |
- 18 September 2023, 10:51 |
premium content
Avacta – time to go short again as countdown to another attempt by Stifel to do a placing is surely underway
Back in June I revealed that Stifel was trying to raise £10 million at 90p then 80p for Avacta (AVCT). The company dissembled in its “refutation.” The fact is that despite having an outstanding £55 million death spiral in situ, Avacta needs to place, it is just a matter of when.- By Tom Winnifrith |
- 18 September 2023, 10:47 |
premium content
Christie – interims, transactions delays or not?…
Writing last month on Professional & Financial Services and Stock/Inventory Systems & Services group Christie (CTG) with the shares falling towards 117p I concluded that the trading performance and outlook suggested to avoid. The shares most recently closed at 110p and what of them currently falling below 100p, a £26 million market capitalisation, on the back of results for the first half of the 2023 calendar year?
- By Steve Moore |
- 18 September 2023, 10:39 |
premium content
SLAM DUNK SHORT: Belluscura – bailout placing looms to stop a gig with the Fat Lady within weeks
Some folks are fooled as to the rate of cashburn at Belluscura (BELL) by the way that – for reasons that are inexplicable to me – it capitalises so many costs. Put simply the states losses massively under-represent the horrific cashburn. Do the maths and even Stevie Wonder can see that the company is running on vapours and unless there is a material, so no doubt massively discounted, fund raise within weeks the Fat Lady will have another AIM listed gig.- By Tom Winnifrith, the Sheriff of AIM |
- 18 September 2023, 09:52 |
premium content
Vast Resources – the latest bad news really is a fair Cheryl Cole analogy
Vast Resources (VAST) says that it is “pleased” to announce what turns out to be bad news. I imagine that London’s worst Nomad Roland “Fatty” Cornish signed off on that particular gem well into Friday’s 15 course lunchtime feast. This is all to do with those diamonds locked up in the central bank in Zimbabwe which Vast said back in February would soon be recovered, promoting a massive share price ramp enabling some bailout placings. So, what is the news from Harare?- By Tom Winnifrith, the Sheriff of AIM |
- 18 September 2023, 08:34 |
premium content
I still believe that Phoenix Copper has the potential to reach production - speculative buy
Phoenix Copper (PXC) has seen its share price slide by around 30% from the peak it hit a month or so ago, and without any actual news to trigger that.- By Gary Newman |
- 18 September 2023, 08:15 |
Don't Confuse this Bubbly Broker with Elvis's GI Blues. There's No Blues about the Possible Prospects for this Outfit
Hello Share turners. Being sensible, I trust my shares to several brokers. This is to spread the risk. Because, as some of us know to our cost with the old Beaufort Securities, the FSA protection stops at £85,000. After that, surprisingly and shockingly, administrators are quite legally allowed our shares to help pay for their sad task should the broker go under. I do have a favourite broker though. One which is doing well.- By Malcolm Stacey |
- 18 September 2023, 08:15 |
premium content
The View From The Montana Log-Cabin As Gold Continues To Hold $1900……..just!
Gold closed the week at $1924 – up a shade from last week’s $1919 but the rather more important thing for me was that it held the $1900 line (just) on Thursday. I sense that this is the battle line and if it holds it should provide a springboard for a push back towards the all-time high.- By Nigel Somerville |
- 17 September 2023, 18:01 |
premium content
Tom Winnifrith Bearcast: a buy idea that is too sordid for me to consider
I start with Russell Brand and Chile's most famous poet, I end with Sharestock. In between Doc Holliday, ECR Minerals (ECR), that sordid buy idea, why Id like to see more AIM Companies going bust and Bidstack (BIDS)- By Tom Winnifrith |
- 17 September 2023, 17:14 |
premium content
How bonkers will the Bank of England be later this week?
There are a number of interesting corporate names reporting here in the UK over the next week, but I am also “looking forward” to Thursday’s upcoming decision from the Bank of England. I say “looking forward”, because I think the BoE has lost the plot about its interest rate policy…- By Chris Bailey of Financial Orbit |
- 17 September 2023, 16:15 |
premium content
A wipeout for IOG equity holders seems the most likely outcome now - sell/avoid
IOG (IOG) is one of those natural resource companies that has found itself drowning in debt and with seemingly no way out that is likely to leave much, if any, value for current equity holders.- By Gary Newman |
- 17 September 2023, 11:19 |
premium content
Sunday Long Reads: The Last Nazis, Misleading Lefties, Harvesting Giant Redwoods, Escape from the 81st Floor, Matthew Wong
Sunday is a good time to sit back, read, and forget about shares. Put the kettle on, find a comfy chair. You have the time, don't you?
- By Darren Atwater |
- 17 September 2023, 10:30 |