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Watchstone Group – Quindell as was: how quickly can it spaff its remaining cash ( a £3 billion AIM fraud becomes a £3 million Aquis penny dreadful)
Watchstone Group (WTG), Quenron (QPP) as was, has published its interims today, a shocking tale of how to waste money.- By Tom Winnifrith |
- 21 September 2023, 11:43 |
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Strix – interims state “no material uncertainties about the group's ability to continue as a going concern”, it sure about that?
Previously writing on kettle safety controls and other water temperature management components group Strix (KETL), in July with the shares rising above 105p I questioned how significant its trading improvement was and concluded, particularly ahead of further half-year financial insights, to continue to avoid. The shares most recently closed at 91.6p… and now the half-year results and the shares currently down below 55p! What’s going on here now?
- By Steve Moore |
- 21 September 2023, 11:23 |
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Real-world, broad-church, insights from Next plc
My typical conclusion over the last few years when looking at Next plc (NXT) is that a sixty quid share price is a mega level for the company. Broadly speaking, you start to buy the FTSE 100 name when its shares are below this and start to sell them when they are above. How is my “rule” looking today?- By Chris Bailey |
- 21 September 2023, 08:56 |
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Letter to AIM Regulation: Stifel and Avacta just cannot say this in an RNS
I have written to the Oxymorons, more in hope than expectation, suggesting that AIM Regulation sanction Nomad Stifel and Avacta (AVCT) for issuing an RNS that makes a claim that cannot be backed up. I realise that Avacta needs to do a placing in the next few months but even so this is more than naughty. This is not about me or Avacta but abut whether AIM wants to apply its own rules.- By Tom Winnifrith |
- 21 September 2023, 08:33 |
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Silverwood Brands, oh dear, oh dear – more Monkey Business with the self styled Very Sexy Andrew
Shares in Silverwood Brands (SLWD) valued at 100p a pop represented about a third of the year end balance sheet of Andrew Monk’s Aquis listed VSA Capital (VSA). Yesterday just £7500 worth of shares were sold by somebody at just 25p causing the mid price to halve from 60p to 30 and so slashing the market cap by 50% to £78 million. Frankly even that valuation is nutso. It gets murkier and murkier.- By Tom Winnifrith |
- 21 September 2023, 08:32 |
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Optiva – FCA moves in, is this the kiss of death?
Small cap and spiv trader favourite broker Optiva has been stopped from taking on any new clients by the FCA and its existing clients are not allowed to pass new funds or assets to Optiva’s control. The mystery is why.- By Tom Winnifrith |
- 21 September 2023, 08:30 |
Hercules Site Services – emphasises civils projects division “busy”, but what about the bottom-line?
Describing itself as “a leading technology enabled labour supply company for the UK infrastructure sector” (aren’t all labour supply companies “technology enabled” these days?!), Hercules Site Services (HERC) has issued a Civils Projects division contracts update, also including that it is “well positioned to meet increasing demand for our specialist services, while also contributing to a cleaner, safer infrastructure network”. So what of this and a share price currently more than 7% higher at 29p in response?- By Steve Moore |
- 20 September 2023, 15:57 |
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Tom Winnifrith Bearcast - how critical is the financial position at the charlatan run dog Caracal?
In today's bearcast I look at Avacta (AVCT), Brandshield (BRST) and what it says about the state of AIM, Caracal Gold (GCAT), Red Rock Resources (RRR), Genflow Biosciences (GENF) and Canadian Overseas Petroleum (COPL)- By Tom Winnifrith |
- 20 September 2023, 15:53 |
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Dianomi – interims argues “well placed to capitalise on the opportunity ahead”. Is it really though?
Describing itself as “a leading provider of native digital advertising services to premium clients in the business, finance and lifestyle sectors”, Dianomi (DNM) has announced results for the first half of the 2023 calendar year with CEO Rupert Hodson “pleased to report that Dianomi continues to attract new clients and now counts all 10 of the top 10 US asset managers as clients. Our expansion into programmatic is delivering… confident that in spite of macro-economic headwinds we are well placed to capitalise on the opportunity ahead”. However, what of the shares currently 9.5% lower at 47.5p in response?- By Steve Moore |
- 20 September 2023, 14:35 |
Britain's leading gold analyst takes to twitter with his usual understated and utterly objective analysis
If we have ever given the impression that Mr David Lenigas is a run of the mill Aussie penny share promoter, we would like to apologise. He is clearly Britain's Number 1 gold analyst and a national treasure like his fellow Aussie Mr Peter Tatchell. I wonder if Dave and Pete know each other?- By Tom Winnifrith |
- 20 September 2023, 13:26 |
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Avacta hires a second broker – why do you think that is?
Stifel Europe failed to get away a £10 million placing at 90p, no 80p, in mid June as I exposed HERE but, as I pointed out earlier this week HERE, Avacta (AVCT) MUST get away another placing before Easter in order to avoid its auditors flagging up a material uncertainty. Today we have news…- By Tom Winnifrith, the Sheriff of AIM |
- 20 September 2023, 12:41 |
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Galliford Try – I can see why holders keep on holding
Just under a year ago I observed that I was quite impressed by Galliford Try (GFRD) and observed that the then sub 170p share price “seems a bit rude and I would stick with my 200p target”. That has worked out quite nicely, with the share price of “one of the UK's leading construction groups” now pushing nicely north of 210p. Time to exit stage left or not?
- By Chris Bailey |
- 20 September 2023, 11:42 |
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Tom Winnifrith bonus bearcast: Malcolm Stacey is talking utter bollocks
In this bonus podcast I look at Malcom's earlier comments on housebuilders, macroeconomics and Redrow (RDW).- By Tom Winnifrith |
- 20 September 2023, 11:23 |
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Tandem – interims, argues “resilient performance” with “a robust balance sheet”. Is that really so?…
Previously writing on sports, leisure and mobility equipment group Tandem (TND), in March with the shares down to 235p I concluded that, with it stated “2023 sales have begun slowly” and trading headwinds, I remained cautious of the near-term outlook and continued to avoid. The shares most recently closed at 210p but what of them currently falling to 170p on the back of first half of 2023 results?
- By Steve Moore |
- 20 September 2023, 11:14 |
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Audioboom might reflect on its big bucks deal with Russell Brand – now when’s its next lack of profits warning?
It is not for you or I to judge the guilt or otherwise of Mr Russell Brand. I realise that when I suggested that it was wrong for Mr Philip Schofield to shag a runner on his show and to use TV station cars to ferry around a young lover that was, on my part, homophobic. That Mr Brand is alleged to have done exactly the same and far worse with girls is therefore all grounds for legitimate condemnation without fear of being homophobic. Whatever. What is fascinating is that it is now universally agreed that Brand has always been a foul mouthed ignoramus who treated women badly. Yet…- By Tom Winnifrith |
- 20 September 2023, 10:25 |
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Go Woke Go Broke: a photo from Tesco in Wrexham
I was there last night buying vast amounts of Welsh sparkling water and Wrexham lager for Sharestock. Now look at the beer shelves closely.- By Tom Winnifrith |
- 20 September 2023, 08:10 |
Home Building Ain't Fashionable Just Now, So Why Not Get in Early - and on the Cheap?
Hello Share Shufflers. Happy are those who managed tickets for Tom’s Sharestock event on Saturday. The timing is impeccable with many analysts, including this very old one, predicting fit action in share prices for the rest of the year. Here’s one company which, seemingly rather surprisingly given the present circumstances, might do better than most.- By Malcolm Stacey |
- 20 September 2023, 08:10 |
Northcoders – from “trading comfortably in line with management expectations” to now expects to be “significantly below” in 8 weeks!
First half of the 2023 calendar year results from software coding training programmes in the UK group Northcoders (CODE) are headlined “Group continues to grow despite challenging macro environment with record demand for consumer training bootcamps”. So what of a currently more than 30% lower share price in response to 130p?- By Steve Moore |
- 19 September 2023, 16:05 |
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Tom Winnifrith Bearcast: Stifel should lose its Nomad license for today's Avacta statement
I start with culinary triumphs notably the nettle beer I bottled today. Then it is Avacta (AVCT), Regtech Open (RTOP) and Naked Wines (WINE)- By Tom Winnifrith |
- 19 September 2023, 14:56 |
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Avacta Group – the various responses, even more of a short
Folks reacted in various ways to yesterday’s factually accurate article about Avacta (AVCT) and the fact that it is certain to do a fund raise well before Easter. One chap wanted to beat me up as he announced on twitter. Others commented on my teeth – discoloured as a result of childhood illness. There were other personal attacks and last night this website was taken down by a DOS attack.- By Tom Winnifrith |
- 19 September 2023, 14:02 |