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Latest News

ZIN

Zinc Media – acquisition it is “delighted to announce”, but accompanying placing which is far from delightful

Following a positive share price performance since late last month-announced results for its year ended 30th June 2017, with there also subsequently a “Contract Extension” announcement and the shares last closing at 1.15p, there is now from Zinc Media (ZIN) an announcement of a “Proposed Acquisition and Placing to Raise £3.5m” - at 0.90p…

IEH

Intelligent Energy - now you know that it won't be different this time - a dead cat bounce demonstrated

A dead cat bounce is that last flicker of life, a brief rally, in the share price of a company that is clearly firmly on its way to the knackers yard. Intelligent Energy (IEH) is a case study - yesterday afternoon saw the final wipeout confirmed but ahead of that some folks were buying the shares insisting that "it will be different this time". It never is.

ONL
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On-Line - Spoooooooooooooooof! Gotcha says ADVFN's Clem Chambers

I would not want to play poker against ADVFN (AFN) and On Line (ONL) boss Clem Chambers. The man has pulled off a blinder of a spoof this morning with On Line which has sent its shares soaring by 50%. It is all bollocks but I take my hat off to Clem anyway for pulling off such a classic spoof.

CYAN

CyanConnode - how late a director declaration?

Yesterday at almost no-one-watching-o’clock (4.12pm), AIM listed eternal jam-tomorrow pain-today play CyanConnode (CYAN) posted a director declaration RNS. It being issued at 4.12 in the afternoon suggests an announcement other than routine, and when we look at the details we see information which surely should have been released one day short of six months ago!

BWNG

Larger People Should Help N Brown Recover its Deserved Share Price

Hello, Share Sorters. Sellers of clothing are not flavour of the month at the mo. That honour seems to fall on miners and oilers, as commodity values and the oil price goes up. Share-shifters are now concerned that consumer spending power may falter in the wake of inflation and consumer debt.

IQE
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IQE - The next ARM?... Or just a manufacturer of a commodity product with a lengthy track record of burning through equity?

IQE (IQE) is being hailed as “the next ARM Holdings” - you can see the bull case from my pal Paul Scott HERE. But if this is correct it would mark a major turnaround for a company that has been around for nearly two decades without generating any shareholder equity.

EVRH

EVR Holdings: Wow! A massive fund raise - drinks all round, Matchett’s paying

I have to tip my hat to the various brokers and advisers involved with EVR Holdings (EVRH) that have managed to place £15 million of stock with various UK and US institutional investors today. That’s a great effort with still no sign of the Melody VR app launch and the two founders have managed to cash in £5 million out of that too.

Bearcast
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Tom Winnifrith Bearcast: shocking reward for failure, the Lombard salary comparability review

Following on from today's truly shocking results from Lombard Risk (LRM) covered HERE I have more questions for the company not least on how secure is its overdraft on which it is, I suspect, already reliant and on the quite disgraceful salary compatibility review. Talk about rewards for failure. Then I look at Defenx (DFX), another horror story, before issuing a wake up call to our own in house Bulletin Board Moron Wildes and looking at Angus Energy (ANGS) and finally Dialight (DIA). Meanwhile it is now less than a month to the olive harvest and Greece. I cannot wait.

DFX
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Defenx – “satisfied” with trading less than a month ago… now “materially below” profit warning

Less than a month ago cyber-security software group Defenx (DFX) was “pleased to announce” first half of 2017 results, including that it “is satisfied with year-to-date trading”. Today a “Trading Update” includes expected “financial results for the year to 31 December 2017 being materially below market forecasts and the board currently expects to report a loss for the full year”. Uh oh…

DKL

Dekeloil - not a revenue recognition issue surely just a reason to sack the FD

Yesterday afternoon Dekeloil (DKL) issued a correction to a Q3 trading statement published on 18 October which, for reasons I cannot fathom, was not accompanied by the sacking of the company's FD.

LLOY

Financials mash-up: who do you fancy in a cage fight - Lloyds or Metro Bank?

Putting a portfolio together involves making decisions by comparing and contrasting one company against many others and wrapping it all up in some overriding sector/macro strategy. Simples, right?! For reasons too obvious to state, the financial sector had a shocker during the global financial crisis and which, in due course, led to the creation of a new competitive grouping - the 'challenger banks'. As one traditional name (Lloyds Bank - LLOY) and one new challenger name (Metro Bank - MTRO) have both reported today, let's compare and contrast and see if either pass muster. Prepare the cage...

OPTI

OptiBiotix – new supply agreement… and more to come

A previous announcement from OptiBiotix (OPTI) we lambasted as non-news, but noted we expected a rally from the then 65p-66.5p on real news for which we will not be waiting long. The company is today “pleased to announce” a three year supply agreement with Spain-headquartered pharmaceutical group Galenicum “to commercialise products containing OptiBiotix's cholesterol and blood pressure reducing strain, LPLDL.

LRM
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The Phil "InterX" Crawford curse: Lombard Risk results - all the money's gone!

I have repeatedly warned that Lombard Risk Management (LRM) was hexed the moment that Phil "interX" Crawford seized control. Today's interims validate that thesis - all the money's gone!

AAU

Ariana Resources - an emerging gold production Buy

Shares in Ariana Resources (AAU) have briefly exceeded 2p earlier this year, but are currently back below 1.5p despite a seemingly positive outlook for precious metals and a 50:50 joint venture in Turkey now an emerging producer - this week having already seen a production update from the company...

VLX

As This 120-Year-Old Venture Plugs Into the Electric Cable Industry, the Shares May Spark

Hello, Share Swipers. Where would we be without power cords? Your kettle, computer, telly, shaver, washing machine and all the big-time essentials of modern life would be useless. Which brings me to Volex (VLX).

DIS

Distil – interims emphasise “key brands have outperformed”, so why are the shares lower?

Owner of RedLeg Spiced Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, Jago's Cream Liqueur and Diva vodka, Distil (DIS) has announced results for its half year ended 30th September 2017 and that its “key brands have outperformed each of their respective categories overall during the period”. However, the shares have responded currently 4% lower back to 3p…

WTB

Is Whitbread roasted or worth a punt?

Whitbread (WTB) has had an up-and-down year since my last update on the stock - HERE. The Costa and Premier Inn operator unsurprisingly has been impacted by the changes in perception towards the strength (or not) of the UK consumer and this has pushed the shares between a £36 and £42 range this year. Today's interim results have again pushed the shares towards the lower end of this range despite the company reiterating its hopes for the full year.

UKOG
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Video: the rampers meneage a trois made in heaven: David Lenigas, the LSE Asylum and UK Oil & Gas

 UK Oil & Gas (UKOG) may be out of cash and needing to raise £10 million PDQ. It has tried the old French bid ruse but was exposed, it has tried billions of barrels claims but been exposed so how to ramp the shares. Okay Big Dave may have sold many of  his UKOG shares into the last6 ramp but let's not discuss that, the cash crisis, the refusal to admit flow rates or go for any hard analysis. It is time to wheel out Big Dave for an uber soft interview c/o the LSE Asylum with a man who makes Graham Norton on Crooked Hillary Clinton seem like Frost on Nixon The shares are up by 2% on this ramp, a chance to sell some more at 4.45p

Bearcast
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Tom Winnifrith Bearcast: When will fraudster Erik Schaer and his fraud MySquar threaten to sue me

Erik, your company MySquar (MYSQ) has committed securities fraud so I guess that makes you a fraudster. Do you think that is libellous or will you accept that I have a solid defence, viz I write what I have already proved to be 100% true: Go on you criminal low life scum please threaten to sue me? In this podcast I ask more questions about MySquar and suggest that Beaufort Securities might just put Erik out of his misery. The shares are now 1.8p to sell and 0p is inevitable.I also look at another zero in waiting BNN (BNN) where today's whitewash stinks., Finally we have a profits warning at Carpetright (CPR) which tells you all you need to know about the British consumer and his nightmare on debt street. I once again discuss BCA Marketplace (BCA) in this context. The big short. 

TCM

Telit - press rumours provide selling opportunity

The timing of last week’s short call on Telit (TCM) was somewhat spoiled by rumours, fuelled by a story in the FT, of a bid for part or all of the company. Rothschild was said to be gauging interest in the automotive division with a price tag of £100-150 million, “according to two people briefed on the situation”. It was hinted that the obscure Chinese fund, Run Liang Tai Management, which has recently acquired 14% of Telit might bid for the whole company.

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That Was the Week that Was

 

AAU

Ariana – Surprise!

 

ANP

Anpario – a recovery Buy?...

Thursday »

Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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