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Quarto Group – argues “in line with our expectations” first half results, so what of the share price fall?…
Describing itself as a “leading global illustrated book publisher”, Quarto Group (QRT) has announced what Chief Executive Alison Goff describes as “in line with our expectations” results for the first half of 2023 and states that it is confident in its plans. What then of a current more than 20% lower share price response to below 125p?- By Steve Moore |
- 30 August 2023, 14:53 |
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TheWorks – full-year results, argues “resilient performance” so what of a further share price fall?…
Arts and crafts, stationery, toys and books retailer TheWorks (WRKS) has announced results for its year ended 30th April 2023 headlined “Resilient performance delivered in FY23 against challenging backdrop. Well-positioned to capitalise on opportunities from execution of strategy and deliver growth in FY24”. The shares are currently though down below 30p in response, so which looks the more reasonable assessment?- By Steve Moore |
- 30 August 2023, 11:49 |
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Is nanosynth toast? Now CFO, follows CEO and walks
This was a company that under various names was frequently pumped in return for the usual brown envelopes by the Sith Lord Zak Mir and which embraced that kiss of death in the usual way. I did warn folks that as Strat Aero, Remote Monitored Systems and as nanosynth (NNN) it was a bag of shite but natch folks loved up Mir for his bent journalism and trolled me for my efforts so where now? Oddly, I actually want nanosynth to survive but that is because I am a conceited barstool.- By Tom Winnifrith |
- 30 August 2023, 11:06 |
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Prudential says "for every life, for every future". How about every pension fund portfolio?
I am glad to see Prudential (PRU) shares back above ten quid as I write this morning after the publication of the company’s first half numbers. I cannot believe how excited the average investor is about financial sector shares but, if you are going to invest into the sector, then I reckon it is smarter to look at the developing markets and/or the insurance space. Both are always analytically tricky, but such is life (and the fun of the investment world).- By Chris Bailey |
- 30 August 2023, 10:25 |
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Bidstack RNS spoof: as the Fat Lady gears up for a gig before Christmas where is that death spiral?
On 20 June Bidstack (BIDS) was forced to finally forced to publish its diabolically bad calendar 2022 results. Although it had £8.7 million left in its piggy bank at the year-end – thanks to a placing undertaken by misleading investors – the projected cashburn in 2023 thanks to the Azerion deal blowing up means that by Guy Fawkes night the company will have run out of cash and gone up in smoke.- By Tom Winnifrith |
- 30 August 2023, 10:10 |
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Tern – Cash Crisis Delivers One Ouzo Already, As Wyld Refinances
I noted at the weekend the cash-crisis at AIM-listed Tern plc (TERN) as its portfolio of cash-guzzlers are running out of cash at the same time as Tern is also struggling. Yesterday at 3pm local time the first bomb dropped….- By Nigel Somerville, the Deputy Sheriff of AIM |
- 30 August 2023, 08:14 |
Tom and Nigel Disagree but Shares Are Set to Wake Up and Here Are Four in My Bag that could Rise Faster than Most
Hello Share Scrabblers. When I suggested at the weekend that the Footsie might soar between now and Yuletide, I was met with scepticism (to put it politely) by Tom and Nigel. But I stick by my opinion, based on 45 years of dedicated market watching. And here are four of my largest holdings that I think might rise faster than most.- By Malcolm Stacey |
- 30 August 2023, 08:14 |
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Pelatro – “Proposed Cancellation and Directorate change”, hopefully our prior warnings were heeded...
Previously writing on ‘customer engagement’ software company Pelatro (PTRO), a couple of weeks ago I noted discounted shares subscription and still “seeks to collect receivables” red flags. Those red flags haven’t taken long to unravel as it’s now a “Proposed Cancellation and Directorate change” announcement from the company...
- By Steve Moore |
- 29 August 2023, 16:21 |
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Tom Winnifrith Bearcast: Zenith Energy and a cast of scallywags
I am recording from somewhere new in Greece where there were awful fires last year. I discuss the arsonists and the BBC and its fake news on global warming. Then it is onto Optibiotix (OPTI), SkinBiotherapeutics (SBTX) and the dimwits who think I really did sack Gary Newman but, more importantly, today's statement from Optibiotix. Then it is Zenith Energy (ZEN), Regtech Open (RTOP) and the fraud Tingo (TIO).- By Tom Winnifrith |
- 29 August 2023, 16:21 |
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RM plc – covenant waiver, but this one for how long?…
RM plc (RM.) has issued an announcement which it commences by stating is “an update on the successful renegotiation of a short-term unconditional covenant waiver with its lenders” and includes that its lenders “continue to support RM as it implements its transformation programme to reduce its net debt and return the company to growth and profitability”. What is the detail of this and what of a current 61.5p share price?- By Steve Moore |
- 29 August 2023, 14:38 |
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Minoan – More Jam-Tomorrow, Or Another Step In The Right Direction?
AIM-listed holiday resort in Crete play Minoan (MIN) announced news this morning of a partial conversion of outstanding debt and an extension to the rest – with yet more warrants attached. I think this is, on balance, very good news.- By Nigel Somerville |
- 29 August 2023, 12:24 |
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Problems at the Jadestone Energy Montara field should be resolved fairly quickly and without too great a cost - BUY
There was finally some more positive news for Jadestone Energy (JSE) last week about the latest problems with the floating production storage and offloading vessel at its Montara oil field.- By Gary Newman |
- 29 August 2023, 12:07 |
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Shareprophets translation service – Pantheon Resources
Some folks seem to have fallen for today’s non news from Pantheon Resources (PANR) as it tried to push its shares higher ahead of the next bailout placing. As such, the ShareProphets RNS translation service wheels into action again.- By Tom Winnifrith |
- 29 August 2023, 12:01 |
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Oi Gerry Brandon you arse – the clock is ticking where is that Microsaic Update?
Shares in Microsaic (MSYS) remain suspended on the AIM sewer as it cannot get its accounts out. But with the company now within weeks of having to call in an administrator, surely its repellent and disgraced boss Gerry Brandon owes the company’s owners a statement. Here is the problem.Following accounting fraud emerging with regard to revenue recognition while Brandon was in charge at Deepverge (DVRG) its shares have been suspended pending clarification and all its operations closed down. It now has just one employee but owes Microsaic c£1.3 million.
- By Tom Winnifrith |
- 29 August 2023, 10:55 |
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Argo Blockchain, forget the bitcoin price it NEVER makes money- ghastly interims out
At last year’s Sharestock, that fellow from Boatman Capital patiently explained how Argo Blockchain (ARB) never had made money and never would make money whatever the bitcoin price. And that is why its shares have a fair value of £0. Of course, as bitcoin surged in the first half of this year some investors with PhDs in ignoring FACTS thought they knew better.- By Tom Winnifrith |
- 29 August 2023, 10:33 |
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Bunzl may not be exciting, but many institutional investors do not care about that
As I noted six months ago Bunzl (BNZL), the “specialist international distribution and services group”, may be a FTSE 100 company but it is not particularly well known. Nevertheless, it keeps on making business progress as observed by today’s first half 2023 numbers with it “upgrading our 2023 adjusted operating profit guidance, supported by a meaningful increase in our operating margin expectations”. Shows that despite all the doom and gloom out there, the world is not impossible right?
- By Chris Bailey |
- 29 August 2023, 10:03 |
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Tom Winnifrith: Are you coming to Sharestock this September 23 – now just 7, no FOUR, tickets left
Two weeks ago there were 20 tickets left. On saturday there were seven. Now, almost month before Sharestock there are just FOUR unbooked.- By Tom Winnifrith |
- 28 August 2023, 17:04 |
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Tom Winnifrith Bearcast: if baiting 'arry Adams was a recognised sport a couple of you would be Olympic champions
I start with Nigel's excellent piece on Tern (TERN) and also with Sharestock where just 4 of 100 seats are now left, so book HERE. Then it is onto Kefi Gold & Copper (KEFI)- By Tom Winnifrith |
- 28 August 2023, 17:04 |
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Letter Reporting Josef Baulf & PKF LittleJohn to the Financial Reporting Council over Regtech Open
My good pals at the accounting regulator FRC have acted against numerous companies and enablers who I have snitched on. Next up I hope are the enablers of the utterly dodgy Regtech Open IPO of last week. I have written to the FRC.- By Tom Winnifrith |
- 28 August 2023, 15:49 |
Video: Ex Nihilo – Money From Nothing and the Catastrophic Impacts of Inflation
Geoff Blanning, a former investment manager, is the author of the white paper “Put Tools Away Now, Please” and is co-producer of the Cobden Center documentary film “Ex Nihilo, The Truth About Money”. The objective of the film was to make the complex world of finance accessible to the average person and educate the public on the monetary system. He aims to persuade politicians to make changes to the UK’s Bank of England and stem out the overwhelming cost of living squeeze.- By Tom Winnifrith |
- 28 August 2023, 15:02 |