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BREAKING: SI Capital quits as broker to Ashington over £170m con deals with struck off dentist Ajan Rejinald
Oh dear, oh dear, it gets worse and worse for Jason Smart’s Standard listed POS Ashington Innovations (ASHI). I can reveal today that SI Capital has stepped down as broker following exposes on this website such as THIS and is stating quite categorically that it wants no involvement in this mess. To quote:>- By Tom Winnifrith |
- 1 September 2023, 15:23 |
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Nate Anderson hits back at Tingo - still brands it a "brazen scam"
Tingo (TIO) claims it has refuted the Hindenburg Research dossier compiled by Nate Anderson. Hindenburg has hit back today, citing our work and anyone owning these shares after this remains bonkers. Enjoy.- By Tom Winnifrith |
- 1 September 2023, 14:36 |
Panther Metals – Convertible Loan Funding From A Poor Tip, But....
My “not for widows and orphans” tip for (sub-) Standard-listed Panther Metals (PALM) hasn’t worked out as I’d hoped. Yet. This has been exacerbated by the current nuclear winter at the bottom end of the market and yesterday the company announced a convertible loan funding package….uh-oh: a death spiral (and thus an automatic sell)? Er…..no.- By Nigel Somerville |
- 1 September 2023, 14:36 |
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Johnson Matthey might be falling out of the FTSE 100, but it seems I am not the only one who wants to buy more shares...
The first day of a new month is always busy for me, as (boring) personal pension fund investors like myself are always all-over full month performance numbers and the like. And as it is a Friday, the school year has not started yet in the UK and the US is just about to have a three-day weekend, I thought I might be struggling a bit to find a company to write about. And then I saw Johnson Matthey (JMAT) shares up over 10% today.- By Chris Bailey |
- 1 September 2023, 14:35 |
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Accsys Technologies – “made a strong start to the current financial year”, but what about now?…
Previously writing on sustainable wood company Accsys Technologies (AXS), in November with the shares down to 64p I noted even an adjusted loss and it also updating end-September half year “adjusted net debt of approximately €62m (31 March 2022: €55m)” – and continued to avoid. The shares have recently been significantly recovering but are currently back towards 70p following a “trading update”.
- By Steve Moore |
- 1 September 2023, 13:50 |
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Libertine Holdings – “combustion performance using bioethanol” or cash currently its ‘burning issue’?
Libertine Holdings (LIB) has issued a “trading update” including that its “work on the grant funded development with MAHLE Powertrain supported by the Department for Business, Energy and Industrial Strategy has completed” and that it “continues to receive commercial interest from a number of customers across different applications and markets”. So why a share price currently nearly halving to 2.5p in response?- By Steve Moore |
- 1 September 2023, 11:05 |
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GOTCHA! Verditek bailout placing at just 0.45p, More disgrace for Gollum and Walters
I shall celebrate my tenth wedding anniversary today with an extra lunchtime ouzo for Verditek (VDTK), a company whose shares were almost 20p at peak Old Mother Walters ramp just two years ago has announced a bailout funding at just 0.45p. Told y'all!- By Tom Winnifrith, the Sheriff of AIM |
- 1 September 2023, 09:23 |
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BREAKING Tintra, AIM Company of the year 2022, equity to debt swap stinks – when will AIM regulation bring this rotten farce to an end
Shares in the AIM Company of the year 2022 remain suspended as it cannot get its accounts out on time. But still the news comes and it stinks. Tintra (TNT) has finally issued an update on its long awaited latest investment subscription at 1178p per share.- By Tom Winnifrith |
- 1 September 2023, 08:45 |
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Aferian – interims, how confident to really be in the full year outturn here?...
Previously writing on B2B video streaming technology company Aferian (AFRN), last week with the shares at 13p I asked 'helps to power new Virgin Media channels’ announcement attempted ramptastic ahead of half-year results financial reality?. Today the company has announced results for this period ended 31st May 2023, with headlines including “improving quality of group earnings and enhanced revenue visibility” and “confident in full year outturn with high percentage of contracted revenue and a well-developed pipeline”. So what of a current 12.5p share price?
- By Steve Moore |
- 31 August 2023, 16:16 |
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Tom Winnifrith Bearcast: 10 years of servitude is tomorrow
Of course I mean utter domestic bliss. But I may not be writing that much on Friday. In today's podcast I discuss why PensionBee (PBEE) is a short, Tingo (TIO) and its Q2 numbers, Cellular Goods (CBX), Union Jack Oil (UJO) and also Ashington (ASHI), Roquefort (ROQ) and the FCA.- By Tom Winnifrith |
- 31 August 2023, 15:48 |
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Whilst I like Angling Direct as a business, the shares are just too high
Angling Direct (ANG) is a company that I actually like and have used myself to buy fishing tackle from, both in store and online, but what I’m less keen on is the market cap and struggle to see the value in it.- By Gary Newman |
- 31 August 2023, 14:38 |
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Eneraqua Technologies – with expectations already having been downgraded just a few months ago, what about a latest “trading update”?…
Industrial energy and water efficiency products company Eneraqua Technologies (ETP) has issued a trading update including noting “continue to make solid progress… profitable on an EBITDA basis… returned to a net cash position of £0.5m (gross cash of £5.9m), as the working capital investment made towards the end of FY23 unwound”. So what of a share price currently at 77.5p, more than 18% lower in response?- By Steve Moore |
- 31 August 2023, 14:37 |
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Sondrel – I having previously questioned how much confidence to have in the forecasts, now a dire “Trading Update”…
Previously writing on semiconductor company Sondrel (SND), early last month with the shares recovering to above 65p I questioned how much confidence to have in the forecasts and concluded it prudent to continue to Avoid. The shares most recently closed at 56p and today a “Trading Update and Notice of Results” announcement…
- By Steve Moore |
- 31 August 2023, 11:49 |
Video: The Cracks in the Edifice built on debt are Starting to Form
Asset manager Tim Price warns that we are “standing on the edge of the debt precipice.”- By Tom Winnifrith |
- 31 August 2023, 11:49 |
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Why PensionBee remains an avoid for me
A week ago I posted about the upcoming likely changes in the FTSE 100, and here we are with the formal selections. I know all the headlines will be about Marks & Spencer (MKS) rejoining, whilst Persimmon (PSN) shares fall out but, of the other changes, my guess would be that Johnson Matthey (JMAT) falling out (again) is more of an opportunity than a threat for a personal pension fund holding that I will now have to refer to as a FTSE 250 play. However, there is another stock I would like to talk about today…and that brings me to, how the hell is it up c.40% year-to-date, PensionBee (PBEE)?!…
- By Chris Bailey |
- 31 August 2023, 10:09 |
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Tern – Second Shoe Drops As GM Called
It is more ouzo-on-cornflakes this morning as AIM-listed Tern plc (TERN) has called a General Meeting to try once again to get its shareholders to approve the issue of more shares. This time, the company has placed a gun to the head of its (over-) loyal shareholders, and whilst it is clear that the company does indeed have to raise money pronto to avoid a gig with the Fat Lady, the implications are clear. But it is simply not enough….- By Nigel Somerville, the Deputy Sheriff of AIM |
- 31 August 2023, 09:15 |
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OptiBiotix Health – further commercial progress, Strong Buy, target 78p
OptiBiotix Health (OPTI) has issued a “Commercial update” announcement, noting commercial progress of its first-generation products range and reiterating plans for each business unit to reach operational profitability by the end of this year. What of this with the shares currently responding up towards 30p?- By Tom Winnifrith & Steve Moore |
- 31 August 2023, 09:14 |
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Tom Winnifrith Bearcast: Fraudster Chris Cleverly does have balls of steel
I start with my snake heroics of last night, surely my bravery merits some commendation. then it is Tingo (TIO) and finally the FCA created £100 million plus scandal at Regtech Open (RTOP).- By Tom Winnifrith |
- 30 August 2023, 16:52 |
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Macfarlane Group – interims, remains a value Buy
Protective packaging design, manufacturing and distribution group Macfarlane (MACF) has announced results for the first half of the 2023 calendar year and that new business momentum and its management of pricing and costs mean that its profit expectations for the full year remain unchanged.- By Tom Winnifrith & Steve Moore |
- 30 August 2023, 16:51 |
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Osirium Technologies – “pleased to announce” recommended offer, how ‘pleasing’ is it for shareholders?…
Osirium Technologies (OSI) is “pleased to announce… agreement on the terms and conditions” of an offer from identity security business SailPoint Technologies which it emphasises “represents a premium of approximately 95.83 per cent. to the closing price… on 29 August 2023”. Good news for shareholders then?- By Steve Moore |
- 30 August 2023, 16:22 |