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Tom Winnifrith Bearcast: some of my fellow shareholders in Falanx are the dumbest morons on earth
Truly some of my fellow shareholders in Falanx (FLX) are some of the dumbest folks on earth. I refer you to yesterday's bonus bearcast which will be a theme for the next 18 months. It relates to Topps Tiles (TPT) where the bad news is largely priced in. But I think I have a £1billion stock that it could take to zero. I discuss Xtract Resources (XTR) and follow up analysis to this article on 88 Energy (88E) post a company chat.
- By Tom Winnifrith |
- 4 October 2017, 07:47 |
LightwaveRF – trading statement emphasises top-line growth, but why no update on cash?
LightwaveRF (LWRF) commences a trading update for its year ended 30th September 2017 with that “the company anticipates that revenue will have more than doubled from the prior year (2016: £1.44m). Gross margin is also expected to have materially increased (2016: 32.5%)”. However, the shares have currently responded slightly lower to 23.5p…
- By Steve Moore |
- 4 October 2017, 07:31 |
Earthport – whilst CEO Hank Uberoi ‘truly appreciates’ the support of some shareholders, for private investors it’s significant dilution ahoy
Having missed a target of becoming cash flow positive, though reckoning it was “pleased” with the 30th June year-end cash balance of £11.9 million, payments company Earthport (EPO) is now “pleased to announce”… the result of a placing!...
- By Steve Moore |
- 4 October 2017, 04:10 |
Midatech Pharma – a reader asks what we think (it’s not good….the curse of Neil Woodford (again)
I have to say I haven’t come across AIM-listed Midatech (MTPH) until now. However, with interims results just released perhaps I could get a handle on it. The problem is that the interim report has a few gaping holes in it, all of which leaves a strong sense of unease. The unease in increased when I note that the recent bailout placing (at a whopping 31% discount) showed up Woodford Investment Management as a major holder. Oh dear, not a good start….
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 4 October 2017, 04:08 |
Topps Tiles profits warning - do not be tempted to bottom fish
On the surface of it, the retailer Topps Tiles (TPT) looks cheap. Even after today's trading statement the shares, at 73p offer trade on a PE of just 10 for the year ended 30 September 2017. But do not bottom fish. Here's why.
- By Tom Winnifrith |
- 4 October 2017, 04:04 |
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BREAKING: Concha shows the race to the bottom that will destroy Purplebricks
This website has never been a great supporter of Concha (CHA) but the Chris Akers vehicle has today announced an investment which shows you that Purplebricks (PURP) is heading for oblivion. Its "disruptive" business model is going to get disrupted and here is one reason why.
- By Tom Winnifrith |
- 4 October 2017, 03:37 |
Buy Ariana Resources at 1.5p and at up to 1.55p with a target to sell of 2p+
Declaration: We have tipped Ariana Resources (AAU) before, helping our readers to bank offer to bid gains of 72% in one year. This time we are looking for a far more rapid re-rating. Our readers at HotStockRockets enjoyed this tip at a 1.45p offer but the shares - at a 1.5p offer are still a buy. Here's why....
- By HotStockRockets |
- 4 October 2017, 03:00 |
More PR pumping at Sound Energy - valuation absurd
We have warned you often enough that the valuation of Sound Energy (SOU) is que absurd even though the shares, at 55p, are well off 99p year highs. Still anyone not using today's "news" from Morocco as an opportunity to sell is nutso. Here is how a leading broker called it:
- By Tom Winnifrith, The Sheriff of AIM |
- 4 October 2017, 01:35 |
This Footsie Giant May Be Too Big for a Takeover, but the Mounting Share Price and Big Divi are Well Worth a Look
Hello Share Eaters. As I write, the share I recommend you look at today is nudging towards its all-time high price. Will it now run out of steam? Not if most of the signs are anything to go by. And meanwhile, there is a vast divi, paid four times a year.
- By Malcolm Stacey |
- 4 October 2017, 01:14 |
Tom Winnifrith bonus Bearcast - what will you do when you get fired? And now that interest rates are already rising?
I note some of the comments made about the demise of Monarch Airlines and add my critique. What really struck me is how the 2000 staff will each get just one week's pay. How will they cope? I was today given some data on UK consumer debt and savings levels which is jaw dropping and terrifying. It gets worse. The interest rates we pay on our debts are already starting to rise. Again how will the consumer cope? And what does this all mean for your portfolios and your personal finances?
- By Tom Winnifrith |
- 3 October 2017, 08:06 |
Hornby – new CEO, an investment in a company he is the majority shareholder in to follow? Hmmm…
Previously writing on Hornby (HRN) in June I noted CEO Steve Cooke having stated “having returned the group to a sound financial footing we are now in a position to focus on the next stage of the turnaround plan which will see Hornby progress back to profitability and positive cash generation”. There’s today an “Appointment of CEO” announcement!...
- By Steve Moore |
- 3 October 2017, 07:40 |
Ferguson - fifty quid again, flippin' heck...
The fine office of Wikipedia informs me that: 'Ferguson is a Scottish surname and given name. The surname is a patronynic form of the personal name Fergus. The name Fergus is derived from the Proto-Celtic elements *wiros ("man") and *gustus ("vigour", "force", or "choice"). Well...you learn something new everyday. Additionally as of a few weeks ago it is the new name of the old Wolseley (WOS, now FERG), the FTSE-100 plumbing and heating kit stalwart.
- By Chris Bailey |
- 3 October 2017, 07:29 |
Tom Winnifrith Bearcast: Has Uzi Katz dumped his Telit shares & the next Neil Woodford car crash awaits
I start with a discussion prompted by a reader request on whether a brand has a hidden added value which you should account for when making an investment. Another reader asks if it is time to buy back into Eden Research (EDEN). I think he is being spoofed and explain why. Then I look at the latest (non) news from Telit (TCM) and ask if the mortgage fraudster and fugitive from US Justice, Uzi Katz, has dumped his shares. I look at what is happening at Conroy Gold & Natural Resources (CGNR) , at the latest Mosman (MSMN) spoof, comment again on Nighthawk (HAWK) and then at the next Neil Woodford car crash RM2 (RM2).
- By Tom Winnifrith |
- 3 October 2017, 05:46 |
Castings – a 2:32pm “Board change and trading update” announcement. Uh oh…
A 2:32pm – and thus clearly unscheduled – “Board change and trading update” announcement yesterday from Castings plc (CGS) immediately suggested uh oh…
- By Steve Moore |
- 3 October 2017, 04:30 |
Oi Milestone now tell us about that missing £1.25 million
Having correctly predicted that useless AIM rule breaking Deborah White would get the order of the boot as CEO of Milestone Group (MSG) my first question for her temporary replacement Tony Sanders is whatever happened to the missing £1.25 million?
- By Tom Winnifrith, The Sheriff of AIM |
- 3 October 2017, 03:33 |
Nighthawk - breaches bank covenant, can't repay debt - surely its an equity wipeout?
Shares in Nighthawk Energy (HAWK) are off by 40% today at 0.225p but that still values the company at £2.17 million. For a company that looks utterly screwed that is surely far too high? About £2.17 million too high.
- By Tom Winnifrith |
- 3 October 2017, 03:16 |
Some very blatant pumping preceded the Canadian Overseas equity issue
Spotting a placing coming on the smaller shares isn’t always that hard, and is usually a combination of the company getting to a point in time where typical cash burn suggests that funds will be low, and perhaps even more importantly, taking note of those who suddenly seem very keen on that particular company!
- By Gary Newman |
- 3 October 2017, 01:30 |
Here's One of the Best Footsie Giants to Invest In, in my Humble View
Hello Share Scribblers. You don’t need me to tell you that the world is becoming a more volatile place - including geopolitics, but also in the likes of weather and fire hazards, as in the case of Grenfell Tower.
- By Malcolm Stacey |
- 3 October 2017, 01:20 |
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Tom Winnifrith Bearcast: Jumping Fleas, Falanx & trying to be objective about PCGE
I start with a look at the weekend's events in what could be, and should be, the Catalan Republic. It shows our political leaders, but especially those in the EU, in the worst possible light. If the Catalans do go it alone it has massive implications for the Euro which I discuss. Then it is on to PCG Entertainment (PCGE) where I declare an interest but try to be objective in a detailed analysis. There is a similar biopsy but it could soon be an autopsy on Starcom (STAR). I also cover Falanx (FLX) "the flea jumping" - a stock we own - and comment on Advanced Oncotherapy (AVO). I have remembered what I forgot at the end and will cover it tomorrow.
- By Tom Winnifrith |
- 2 October 2017, 08:50 |
Time Out – lease agreement for another site for what it describes as “the highly successful Time Out Market concept”. Hmmm…
Time Out Group (TMO) has announced the signing of a lease agreement for another site for what it describes as “the highly successful Time Out Market concept”. Hmmm…
- By Steve Moore |
- 2 October 2017, 08:29 |