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Wood Group gets simpler and stronger: Buy
It is not an easy market out there, but not an impossible one either. Wood Group (WG.) has been one of my year-to-date best performers. I know the headline share price is not even up 10%, but I did sell the majority of my shares after the potential bid approach…and then I bought all the shares back at what looks to be a pretty attractive price three months ago (after sharing it all on the website, naturally). As I shared here last month, recent progress seems to be solid and today’s formal update even includes an observation that it is “increasing our full year guidance for the year for revenue and EBITDA”.
- By Chris Bailey |
- 22 August 2023, 14:40 |
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Empresaria – interims, how much progress to again delivering growth?
International staffing group Empresaria (EMR) has announced results for the first half of 2023 noting “challenging market conditions” impact but that “adjusted profit before tax for the full year expected to be in line with current market expectations”. What’s the detail of this compared to a current 40.5p share price?- By Steve Moore |
- 22 August 2023, 14:39 |
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Wyld Networks more evidence that a capital raising is a nailed-on guarantee – UK subsidiary accounts
Tern (TERN) investee company Wyld Networks AB wholly owned UK subsidiary Wyld Networks Limited prepares its accounts under FRS 102. FRS 102 requires at least a 12 month forward looking statement to be made about the ability of a company to continue as a going concern.- By Tom Winnifrith, the Sheriff of AIM |
- 22 August 2023, 12:20 |
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Mirriad Advertising – interims, arguing “a strong footing moving into H2 and beyond” is CEO Stephan Beringer fooling himself or trying to fool everyone else?
Describing itself as a “leading in-content advertising company” Mirriad Advertising (MIRI) has announced results for the first half of the 2023 calendar year, including CEO Stephan Beringer emphasising that “even before enabling programmatic trading, we already work with nine of the top twenty US advertisers… also pleased to see an increase in repeat bookings in H1 from large customers in the automotive, retail, FMCG, food & beverage, healthcare and financial services industries”. So why currently a further share price decline in response, to 1.3p, then Stephan?…- By Steve Moore |
- 22 August 2023, 11:09 |
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Haydale – Rampety Ramp…..When’s the Share Reorganisation And Massively Dilutive Placing? Fat Lady booking in for September!
AIM-listed ramptastic graphene company Haydale (HAYD) announced a collaboration with Petronas this morning – well done, Haydale. But what is it worth and how’s the balance sheet looking?- By Nigel Somerville |
- 22 August 2023, 10:05 |
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Turner Pope just cannot learn from its past errors – pathetic Powerhouse placing
If I had any sympathy for the Mitchell Brothers, the chaps running Turner Pope, it was on the basis that it was on the basis that they had learned from their past errors and were, enjoying a Damascene Conversion. Today came evidence that the Mitchells have learned nothing and they thus deserve the financial ruin heading their way.- By Tom Winnifrith |
- 22 August 2023, 10:05 |
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The FRAUD Tingo postpones results twice in one day – when will the SEC start to arrest these brazen criminals?
Chris Cleverley’s brazen fraud Tingo (US:TIO) first said that Q2 numbers and the independent counsel report on the damning Hindenburg report would be out on August 10th. That became August 21 pre-market. Then half an hour before the market opened yesterday that became 5PM US Time after hours. At 4.30 PM….
- By Tom Winnifrith |
- 22 August 2023, 08:12 |
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Wyld Networks – further dilution for Tern’s stake as a Wyld fund raise looks nailed on: price target for Tern slashed again
In his article yesterday about Tern (TERN) Nigel highlighted Wyld’s weasel words that “the company expects to have sufficient funds to meet its obligations throughout 2023”. If Wyld’s accounts were prepared under IFRS accounting standards or if Wyld were listed on a “Recognised” Swedish stock exchange which would require the use of IFRS, it would not be able to get away with such weasel words but Wyld uses “Swedish Accounting Standards Board’s general guidelines BFNAR 2012:1 Annual Accounts and Consolidated Financial Statements”.- By Tom Winnifrith, the Sheriff of AIM |
- 22 August 2023, 08:08 |
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Fantastic New Feature: Stay Signed In All Day
By popular demand, we’ve added a brand new feature: stay signed into ShareProphets all day long without needing to log in again.
- By Darren Atwater |
- 22 August 2023, 08:06 |
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Techcast: Understanding AI Episode 6 of 12 - Google and Artificial Intelligence
Thanks to the sponsorship of Sure Valley and Pires Investments (PIRI) we are expanding the number and quality of speakers and are able to offer up more fun and games at ShareStock this year - as you can see HERE. In this episode I chat to Brian Kinane and Alex Thompson of Sure Valley about the role of Google in the AI boom. Enjoy.
- By Tom Winnifrith |
- 22 August 2023, 08:06 |
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Smarttech247 Group – a growth buy?...
Smarttech247 Group (S247) describes itself as a provider of AI-enhanced cybersecurity services. With cybersecurity a clear growth area and AI seemingly currently the ‘hot’ thing, a prevailing circa £45 million market cap might be considered worthy of a trade even if there was not currently encouragement and promise from the financials. Here there are those too though.- By HotStockRockets |
- 21 August 2023, 16:35 |
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LSL Property Services – argues acquisition agreement ‘delight’, but what’s the current trading outlook?
LSL Property Services (LSL) has announced that it has agreed to acquire TenetLime, which operates a network providing services to 231 mortgage and protection advisers, subject to FCA approval. Whilst CEO David Stewart is “delighted we have been able to complete this transaction”, what of a share price currently slightly down to 243p?- By Steve Moore |
- 21 August 2023, 16:14 |
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Fusion Antibodies – “delighted” with agreement to support a new service offering, but how ‘delightful’ are due-soon financials to be?
Fusion Antibodies (FAB) “is pleased to announce that that is has now signed an agreement with… a leading US-based AI/ML business, to support Fusion's new AI/ML-Ab service offering”. What does this mean and what of a current share price response up by more than 9% towards 7.5p?- By Steve Moore |
- 21 August 2023, 14:45 |
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Tom Winnifrith Bearcast: was the Mann hired to kill me?
In today's podcast I look at Crest Nicholson (CRST) and the housebuilders and why Malcolm continues to be so wrong, ditto Trainline (TRN), at Verditek (VDTK), Hydrogen Utopia (HUI) and at the mega fraud Tingo (TIO)- By Tom Winnifrith |
- 21 August 2023, 14:13 |
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You can guess what the housebuilder Crest Nicholson just said!
Ten weeks ago I observed “my continued deep yawn about the world of Crest Nicholson (CRST)” HERE. Since then shares in the housebuilder have fallen by nearly 20%, partly driven by its announcement earlier today.
- By Chris Bailey |
- 21 August 2023, 13:55 |
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Fulcrum Utility Services – full-year results and proposed AIM cancellation, as shares further slump hopefully our warnings were heeded
Previously writing on Fulcrum Utility Services (FCRM), in October with the shares down to around 4p I suggested it’s in a weak position for funding discussions in a weak overall funding market…avoid / sell. The shares most recently closed at 0.82p and today from the company, results and…“Proposed AIM Cancellation”.
- By Steve Moore |
- 21 August 2023, 12:15 |
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Ashington Innovations – and they say Germans don’t have a sense of humour
Ashington Innovations (ASHI) shares are suspended on the Standard List pending the proposed £135 million RTO of a company that is insolvent and mired in wrong-doing. The middle name of its sole director, the struck off dentist Ajan Rejinald is “scandal”. If the FCA allows this deal masterminded by, clearly morally bankrupt, SI Capital to go through it will be a massive stain on its reputation. However…- By Tom Winnifrith |
- 21 August 2023, 10:51 |
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Matt Moulding of THG really is a prize prick as he hits out at Gabriel Grego & the bear community
I guess if I had floated a business at a grossly inflated 500p share price less than three years ago, getting well paid brokers to overlook shocking corporate governance and a mad valuation I would be pissed off with bears who pointed this out and have coined it in as the shares have crashed to just 90p. Matt Moulding of THG (THG) cashed in to the tune of hundreds of millions of pounds in that September 2020 IPO and has no shame.- By Tom Winnifrith |
- 21 August 2023, 09:38 |
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Tern – Wyld Silence As Bad News Arrives
As promised, AIM-listed jam-tomorrow IoT investment company Tern plc (TERN) investee, Wyld Networks of the joke Nasdaq-of-the-North exchange in Stockholm delivered its Interim results early this morning. Given the excitement that Wyld is apparently talking to Elon Musk, it is perhaps a little surprising not to see a corresponding announcement from Tern. I wonder why…..- By Nigel Somerville |
- 21 August 2023, 09:38 |
Why Trainline's Share Price Deserves to Be Shaken and Stirred
Hello Share Wanderers. My wife’s uncle left me a collection of 1950’s James Bond novels. Probably worth loads of dosheroo now. I discovered Ian Fleming’s third title Live and Let Die contains a really well-written scary train ride. Which reminded me that Trainline (TRN) is probably a worthwhile punt these days.- By Malcolm Stacey |
- 21 August 2023, 08:15 |