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Lords Group Trading – interims emphasise record revenue, but what about the profit warning?...
Previously writing on UK building materials distributor Lords Group Trading (LORD), in June with the shares up to 61.5p I concluded that I then avoided as I questioned whether consumer demand had been fully impacted yet. The shares had risen to mostly recently close at 68.5p but what of half-year results today currently seeing them back towards 60p?
- By Steve Moore |
- 7 September 2023, 14:10 |
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EnQuest is in a better position than the headline figures in the interims might suggest, Buy
The Energy Profit Levy tax on oil and gas companies with operated assets in the UK has had a big impact on the sector, and the share prices of the companies operating here have reacted accordingly. The market is also nervous of what Labour might do if it were to win the next general election, as there has been much talk from its MPs of increasing taxes even more and also on restrictions to the development of new assets. The latest such company to see its share price hammered upon the release of its financial results has been EnQuest (ENQ) this week, with it trading at almost 15% down at one point and close to the low that it hit back in June prior to oil prices rising sharply.- By Gary Newman |
- 7 September 2023, 14:03 |
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Polarean Imaging – interims talk of ‘revolutionising’ medicine but it’s the balance sheet which soon needs to be revolutionised!
Previously writing on Polarean Imaging (POLX), a medical imaging company which emphasises it has “developed the first and only hyperpolarised MRI contrast agent to be approved in the United States”, in February with the shares falling below 40p I concluded that the valuation and financial outlook in a still-challenging funding environment meant I certainly avoided. The shares most recently closed at 14.5p, and what of they currently at 11.5p on the back of half-year results?
- By Steve Moore |
- 7 September 2023, 11:38 |
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I am still not worried by Currys
I don’t need a new computer at the moment but when I buy my next one I am pretty sure that I will use Currys (CURY). A couple of months ago, I shared why I thought it was smart to copy the move of Fraser Group (FRAS) and buy shares in Currys at the then just below 50p level. How is that getting along?
- By Chris Bailey |
- 7 September 2023, 09:50 |
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Tom Winnifrith Bearcast: Here is how the FCA will cull standard listed dogs in 2024
I speculate but with some informed input on what will happen. And I name some of the Standard list wronguns which will, I believe, lose their listing in 2024 as a result of what is going to happen.- By Tom Winnifrith |
- 7 September 2023, 08:05 |
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$1.2 trillion capitalised Nvidia - the bear case dossier
It has been the wonder stock of the year but is there a bear case for Nvidia (US:NVDA) as its market cap is now $1.2 trillion. Yes there sure is. Enjoy.- By Tom Winnifrith |
- 7 September 2023, 08:01 |
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Tom Winnifrith Bearcast: Oxford Nanopore could halve and I still would not buy
In today's bearcast I look at Blackbird (BIRD), Canadian Overseas Petroleum (COPL) and Oxford Nanopore (ONT) I have amended my earlier piece on Monkey and VSA. This is so humiliating, it seems that I really am a shareholder in his awful company although I have no idea why.- By Tom Winnifrith |
- 6 September 2023, 17:47 |
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Canadian Overseas – Placing changes nothing, I do not believe leadership change is real
Evil Banksta is short of Canadian Overseas Petroleum (COPL). If I was ever to short a stock, and I don’t ever short, this would be high on my list. Today there is news that its death spiral provider Anavio has put in $3.5 million at 4p and that founder and boss, Arthur Millholland, the king of the value destroyers has stepped aside. Well sort of. So what do myself and Evil Banksta make of it all. First to Mr Banksta who says:- By Tom Winnifrith |
- 6 September 2023, 15:19 |
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Beeks Financial Cloud – a more than two months after period-end profit warning that dare not speak its name (on “the world’s leading growth market”!)…
A trading update from capital markets-related technology group Beeks Financial Cloud (BKS) commences by emphasising the group “has delivered significant growth on the prior year” and concludes with that it has “entered the new year with high levels of revenue visibility and strong momentum and thus remain in line with management expectations for FY24, with further upside potential from new client wins”. What about the performance relative to expectations in FY23 though?- By Steve Moore |
- 6 September 2023, 14:50 |
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Eurasia Mining – do the maths: time for a statement
So how much cash is left? The maths is not that hard. At June 30th it was c£1.69 million. But Eurasia Mining (EUA) sent c£3.2 million to money heaven in H1 so, ceteris paribus, by the end of the first week of October, all the money will be gone. Of course it is not quire that simple.- By Tom Winnifrith |
- 6 September 2023, 14:45 |
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Barratt Developments correctly shows that prospects for the housing market are not exciting for the rest of the 2020s
If you want to speak to anyone in a pub about the housing market, then there are ten million people better qualified than me in the UK. After all, if I want a Coke Zero it is a lot cheaper to buy at a local supermarket and, with reference to house prices and the like, after we finish the rest of the 2023 price dump I reckon house punters can hope for a 0-2% per annum move over the rest of the decade. The smart thing to do with a house is to focus on owning it to live in. And, whilst some people might get a bit lucky living in one specific location rather than another, honestly you should not be perving over the Rightmove (RMV) website as there are so many better things in life to be doing. And that brings me to today’s full year numbers from Barratt Developments (BDEV).- By Chris Bailey |
- 6 September 2023, 12:03 |
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UPDATED: A slur and a shocking revelation from Andrew Monk of VSA, this is so embarrassing
As you may have seen on twitter, Mr Andrew Monk is on a no expenses spared trip to Vancouver to tell folks there several times a day that he went to Oriel College Oxford where he got an upper second in name dropping. Actually, he is there taking Invinity (IES) round fund managers on a ramping trip. Now he has taken to twitter with two most monstrous slurs.- By Tom Winnifrith |
- 6 September 2023, 11:53 |
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Surgical Innovations – “confidence that revenues for the year to 31 December 2023 will meet the board's expectations”, but what about the bottom-line?…
Medical products group Surgical Innovations (SUN) has issued a trading update commencing that “the forward-looking orderbook remains positive, providing confidence that revenues for the year to 31 December 2023 will meet the board's expectations” and also including that measures are being introduced to improve efficiencies and productivity and that reducing inventory in the second half will have a positive impact on cash resources. So what of a share price currently more than 8% lower at 1.65p in response?- By Steve Moore |
- 6 September 2023, 10:38 |
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Powerhouse Energy – Letter to AIM Regulation about that placing in a closed period
This seems pretty simple. Today, Powerhouse Energy (PHE) announced interims which were naturally utterly piss poor but covered in vast amounts of jam tomorrow. Its acting CEO Keith Riley also walked with immediate effect for “personal reasons.” Yet on 22 August through the offices of esteemed bucket shop broker Turner Pope, the company did a £1 million placing at 0.5p. hang on Henry… I have written to AIM Regulation- By Tom Winnifrith, the Sheriff of AIM |
- 6 September 2023, 09:03 |
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Oxford Nanopore – this just looks misleading: a £2bn share to short
I have always thought that Oxford Nanopore (ONT) was massively overhyped and that its CEO Gordon Sanghera was a bit of a bullshitter, fawned upon on by the deadwood press. The company IPO’d just under two years ago at 425p – its shares now languish at 231p. Today we have half calendar year numbers from a company still capitalised at almost £2 billion and the smell of Sanghera bullshit is strong.- By Tom Winnifrith |
- 6 September 2023, 08:25 |
Bye, Bye Blackbird
Hello Share Placers. You can’t succeed in the shares game if you don’t admit your mistakes and then take swift action to mitigate the loss. That’s what I plan to do with Blackbird plc (BIRD), which Uncle Tom rightly attacks this week. It’s just served up some interims that Tom describes, to put it slightly more politely, as utterly poor.- By Malcolm Stacey |
- 6 September 2023, 08:21 |
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Kicking a man when he’s down – Crest Nicholson
As the bear raider Evil Knievil often says, the best time to kick a man is when he is down. Less than two months ago the housebuilder Crest Nicholson (CRST) said that its full year to October 31 profits before tax would be £70 million. Now we are told to expect £50 million. And I reckon even that is not baked in.- By Tom Winnifrith |
- 5 September 2023, 17:09 |
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Tom Winnifrith Bearcast: can Kefi ever please ouzo man and the whining shareholders?
Enjoy the heatwave, it is still raining here in Greece. I have done a podcast on that and on the BBC's claim that the Hellenic Republic will soon be a desert HERE. Then it is onto Kefi Gold & Copper (KEFI), Wandisco (WAND), Blackbird (BIRD), Eden Research (EDEN) and Invinity (IES), currently being ramped by Andrew Monk in Canada.- By Tom Winnifrith |
- 5 September 2023, 16:36 |
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CML Microsystems – an ahead of upcoming catalysts BUY
An “AGM Statement” on August from CML Microsystems (CML) included that it “has commenced its new financial year positively and remains on course to achieve a year of further growth and improvements in revenues and operational profit” and is “excited by the growth that a combination of organic and acquisitive growth can deliver”. We concur from current share price levels – with, despite the AGM update, the shares still down from approaching 600p earlier this year to a 440p offer price.- By HotStockRockets |
- 5 September 2023, 16:21 |
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TPXimpact – emphasises revenue growth and adjusted EBITDA, what about cash flow and the balance sheet?…
“Digital transformation” company TPXimpact (TPX) has announced that its AGM is to be held on 28th September in an announcement also including an update on current trading. What of the shares currently rising above 40p on the announcement?- By Steve Moore |
- 5 September 2023, 16:10 |