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The FRAUD Supply@Me Capital: a weak and incomplete update fails to convince
The latest kick the can down the road business update from Supply@ME capital (SYME) is a typical Alessandro Zamboni announcement full of promises of jam tomorrow. Zamboni famously said that Supply was “ready to fly” back in a Proactive podcast on 5 January 2021. Over 3 years later and more than 4 years since its RTO Supply is looking more likely to crash land in tits up alley. Wikipedia informs us that the Wright brothers actually did manage to fly in less than 3 years.- By Tom Winnifrith |
- 5 April 2024, 10:56 |
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Tom Winnifrith Bonus Bearcast: A tale of 2 non placings, discrediting management at Roquefort and Skinbiotherapeutics
This bearcast covers the shocking RNS statements issued today by Roquefort (ROQ) and Skinbiotherapeutics (SBTX). I'd like t shout Gotcha! But am too depressed by the dissembling and incompetence.- By Tom Winnifrith |
- 5 April 2024, 09:10 |
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Here we go again: is is market abuse or insider dealing at Roquefort? Will the FCA do anything?
Last time it was the fake bid for Superdry (SDRY) with an ADVFN (AFN) poster claiming he was an employee and had specific information. That was not true so it was not insider dealing but market abuse. Natch the FCA seems to have done nothing. So now here we go again.- By Tom Winnifrith |
- 5 April 2024, 08:12 |
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Wood Group – 2023 results, remains a recovery Buy
Energy and related services business Wood Group (WG.) has announced results for the 2023 calendar year headlined “Strong growth in first year of new strategy; upgrading outlook”. How good is the news from a rising towards 135p share price?- By Tom Winnifrith & Steve Moore |
- 4 April 2024, 17:14 |
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Tom Winnifrith Bearcast: meeting Olaf's b/f, smelly cheese PLC and an admission I was wrong
I discuss meeting "the trainspotter" Cirata (CRTA), the UK's corrupt honours system, Roquefort (ROQ), Genflow (GENF), UK Oil & Gas (UKOG), Optibiotix (OPTI), musicMagpie (MMAG) and Cavendish (CAV)- By Tom Winnifrith |
- 4 April 2024, 16:47 |
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Motorpoint – emphasises recent trading improvement and outlook optimism, but how much is already priced-in?…
Describing itself as “the UK's leading independent omnichannel vehicle retailer”, Motorpoint Group (MOTR) has issued a “Q4 Trading Update” with a first ‘Highlight’; “Strong and profitable Q4 performance with retail volume up c.9% year on year and continued margin recovery”. So what of a share price currently slightly lower towards 130p in response?- By Steve Moore |
- 4 April 2024, 16:20 |
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If Zamboni’s Avantgarde has not sold any shares in Supply@ME Capital I am a Dutchman
For the avoidance of doubt I am not a Dutchman. But on the other hand Mr. Zamboni insists that his company has not sold any shares in the fraud Supply@Me Capital (SYME). Whatever you say boss.- By Tom Winnifrith |
- 4 April 2024, 14:49 |
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Gelion – emphasises “key technology proof point” milestone achieved. Er, what about that update on “solvency/viability and long-term future”?
Gelion (GELN) has issued an announcement titled “Li-S Cell High Energy Density Milestone Achieved” and the shares have currently responded over 60% higher to 25p. However, that compares to above 24p at which they commenced this year and a 145p per share AIM listing towards the end of 2021. So attempted ramptastic or recovery value?…- By Steve Moore |
- 4 April 2024, 13:36 |
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Cirata ( Wandisco as was) from $30m fund raise to material uncertainty and a warning in just nine months!
Way to go chaps. You can change the name, you can get rid of bosses who awarded themselves huge bonuses AFTER massive fraud emerged, but once a dog, always a dog. Just nine months after raising a bailout $30 million at 50p ( having had its shares suspended at c£13), Cirata (CRTA) has served up results, a piss poor trading statement and has had to flag up a material, uncertainty. Ouch.- By Tom Winnifrith |
- 4 April 2024, 12:20 |
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Insig AI – “equity funding facility” agreement, though forget it enabling meaningful “investment into sales and marketing”?
“Data science and machine learning” company Insig AI (INSG) has announced “a £250,000 equity funding facility with Richard Bernstein, Executive Chairman”. Such an amount tends to mean it was cash crunch ahoy though, so what about the balance sheet and the shares currently at 17.5p in response?- By Steve Moore |
- 4 April 2024, 11:38 |
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The curse of Swanny strikes again, bucket shop placing at Genflow, the company created by a penny share fraudster
Q. How do you create a small fortune? A. Start with a big one and invest in the worst shitcos on AIM and the Standard List. Yes, the curse of Jonathan Swann, highlighted many times on this website, strikes again. On March 21 he acquired a 3% stake in Genflow Biosciences (GENF) a company created by convicted penny share fraudster Ron Bauer in Delaware and whose CEO Eric Leire is also a colourful chap as I revealed here.- By Tom Winnifrith |
- 4 April 2024, 10:49 |
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Skinbiotherapeutics – time to address the placing rumour
I was aware of no reason for shares in Skinbiotherapeutics (SBTX) spiked to 13.5p last week. I assumed it was some sort of dump ahead of a you know what. Well, with the shares coming all the way back, the rumour is that bearded loon Stuart Ashman is trying to do a placing: 10p vicar? The aim?- By Tom Winnifrith |
- 4 April 2024, 09:28 |
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An end-Q1 tips of the year update
Following tips of the year success last year, I repeated the selection strategy this year. Last month I reviewed them after further significant share price movement and where are we now just after the end of the first quarter?
- By Steve Moore |
- 4 April 2024, 09:15 |
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Calnex Solutions – “broadly in line with” (i.e. a bit behind) expectations… which it dare not mention were already massively reduced!
Describing itself as “a leading provider of test and measurement solutions for the global telecommunications and cloud computing markets”, Calnex Solutions (CLX) has issued a trading update with founder CEO Tommy Cook emphasising “in the face of a challenging telecoms market we have successfully adjusted the focus of our engineering programmes towards the markets showing the most resilience and opportunity”. So what of a share price currently down to 57p in response?- By Steve Moore |
- 3 April 2024, 16:05 |
Video: Will Gold & Silver Prices Soar in a 2008-Style Economic Collapse?
Financier Keith Weiner is a cheery fellow.- By Tom Winnifrith |
- 3 April 2024, 15:40 |
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Tom Winnifrith Bearcast: Any company even suspected of round tripping is just not investable
In today's bearcast I start with three birthdays, odd ideological bedfellows, then turn to TrakM8 (TRAK), Red Rock Resources (RRR), Peel Hunt (PEEL) and Cavendish Financial (CAV) and finally Itaconix (ITX) which could halve and still not be cheap.- By Tom Winnifrith |
- 3 April 2024, 15:27 |
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Topps Tiles – “First Half Trading Update” is a profit warning that dare not speak its name…
Previously writing on Topps Tiles (TPT), which describes itself as “the UK's leading tile specialist”, with the shares down to 46.8p in January I concluded that a reliance on improving market conditions and full-year pre-tax profit forecasts of £11.5 million+ looked challenging. With the shares most recently closing at 44p, what of now a “First Half Trading Update”?
- By Steve Moore |
- 3 April 2024, 13:47 |
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Trakm8 Holdings: The Pig, The Pork and the debt at credit card rates
TrakM8 (TRAK) has reassured investors that the insurance issues which prompted its lack of profits warning for the year just ended have been resolved so it is now on track for a much better year. But it is helped in that respect by a new contract extension which my pal Evil Knievil would undoubtedly term “The pig and the pork.”- By Tom Winnifrith |
- 3 April 2024, 13:33 |
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Who Is Behind The Gold Buying ?
The rally in the gold price has left me non-plussed ... who is behind it and why ? Rather like an Agatha Christie murder-mystery novel, with evidence thin, the culprit or cause may be deduced by excluding what it is not ... and what remains, is.- By Ross Norman of Metals Daily |
- 3 April 2024, 13:29 |
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Tom Winnifrith Bonus Bearcast: Fundamental analysis just does not matter any more and it is wrong to short Trump Media as a result. Discuss
Those are not my views but Lucian sends me an article from Bloomberg making that case which you can see below. I discuss both aspects of it in full after a very brief birthday movie quiz.- By Tom Winnifrith |
- 3 April 2024, 12:30 |