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Symphony Environmental directors quit – bad optics
To lose one director in a day is understandable but to lose two looks like carelessness. Of course Symphony Environmental (SYM) says that NED Bob Wigley and Executive director Alexander Brennan, Executive Director, have resigned in order to concentrate on other business opportunities. Companies always say that.- By Tom Winnifrith |
- 11 August 2023, 09:00 |
Volex – proposed acquisition competition authority clearances, deal set to complete in next few weeks
Power and data transmission products integrated manufacturer Volex (VLX) has announced receipt of competition authority clearances in both Turkey and Macedonia for its proposed acquisition of Murat Ticaret Kablo Sanayi and that completion of the acquisition is now expected at the end of this month.- By HotStockRockets |
- 11 August 2023, 08:32 |
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BREAKING BOMBSHELL - White & Case has not acted for Tingo for more than a month
On June 8 2023 Chris Cleverly’s fraud Tingo (TIO) announced that it had engaged top law firm White & Case to review the allegations made by short seller Hindenburg Research stating: “The Company strongly believes it is in shareholders’ best interests to allow White & Case’s independent review to be carried out unhindered and it is committed to protecting its integrity. As such, the Company intends to make no further comment on Hindenburg’s allegations until the review has been completed.”- By Tom Winnifrith |
- 11 August 2023, 08:12 |
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Altcast: No 1: the world of small caps with Tom Winnifrith
Thanks to the sponsorship of Sure Valley, Riverfort Global & 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 first episode looking at small caps and AIM I chat to Brian Kinane and Liam Bulmer of Riverfort about why AIM and small caps had such a dreadful H1 2023 and why that might change. Enjoy.- By Tom Winnifrith |
- 10 August 2023, 16:12 |
Checkit – trading and “significant” contract update, how ‘well positioned’ is it?...
Previously writing on “operations platform for the deskless worker” company Checkit (CKT), in April with the shares down to 28p I concluded “congratulations on the currently continuing significant cash burn and I’ll wait to see how well positioned the company really is! Currently still avoid/sell”. The shares most recently closed at 23.5p and what of now a “Trading update, notice of results & contract” announcement?
- By Steve Moore |
- 10 August 2023, 16:12 |
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Silver Bullet Data Services – “pleased to provide” trading update. Er, why no mention of the balance sheet then?
‘Provider of digital transformation services and products’ Silver Bullet Data Services (SBDS) has issued a trading update emphasising “continued strong revenue growth with overall performance in line with management expectations”. So what of a current more than 30% higher share price in response to 37.5p?- By Steve Moore |
- 10 August 2023, 14:12 |
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Tom Winnifrith Bearcast: Gotcha Alien Metals!
I start with Code First Girls, the BBC and why birds don't do computing. Then it is on to Alien Metals (UFO) , insider dealing, a Gotcha moment for me and another cash crisis just after Christmas, Tern (TERN) Jim Nominees (JIM), Eden Research (EDEN) and how Jo Hart at Midas should apologise for being played and Wilko and its demise- By Tom Winnifrith |
- 10 August 2023, 14:10 |
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Tern – Plus Ca Change…..
AIM-listed jam-tomorrow IoT investment company Tern plc (TERN) has announced board and management changes to save around 40% of its central costs next year (2024) in comparison to FY22. The boardroom is having a clear-out, with the departure of Matthew Scherba and Bruce Leith joining former board member Al Sisto who was given the boot by shareholders at the last AGM, and the CFO is to step down…..but remains on the board. So it is all change…..or is it?- By Nigel Somerville |
- 10 August 2023, 12:06 |
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Alien Metals Bailout Placing – if this is not insider dealing I am a banana
Yesterday in bearcast I suggested that Alien Metals (UFO) was doing yet another bailout placing. Well knock me down with a feather, after hours it announced a book build to raise £2 million at 0.2p. The whole affair stinks and if this is not white collar crime I am a banana.- By Tom Winnifrith |
- 10 August 2023, 12:05 |
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I may use Deliveroo before the end of this year, but don’t expect me to buy its shares!
Back in April, I observed tatDeliveroo (ROO) is “still hoping you will spend your money” with it. The good news for it from today’s first half numbers is that revenue is up 5% year-on-year and its adjusted EBITDA is now positive. The less good news is that it is still making a loss and generating a negative free cash flow.
- By Chris Bailey |
- 10 August 2023, 11:35 |
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Allergy Therapeutics – “trading update”, boding adversely for funding “discussions”?
Although down from approaching 20p a year ago, shares in Allergy Therapeutics (AGY) had recently recovered from below 1p to around 3p. What about them currently down towards 2.5p on the back of a trading update?- By Steve Moore |
- 10 August 2023, 11:35 |
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BREAKING: Tingo postpones results, Chris Cleverley's biggest fraud yet enters its final weeks
Last week the fraud run by Chris Cleverly of African Potash infamy, that is to say Tingo (TIO) said that it would publish its Q2 numbers and host a conference call today, 10th August. Bears like Hindenburg Research were ready to pounce with 38 questions Tingo could not answer. So what to do? Late last night Tingo said it was postponing its results to 21 August.- By Tom Winnifrith |
- 10 August 2023, 09:40 |
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Tintra – show me the money!
Today Tintra (TNT) made the following announcement: “Update in relation to full repayment and termination of the Placement Facility"- By Tom Winnifrith |
- 10 August 2023, 09:21 |
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BREAKING: 38 More Questions for the FRAUD Tingo from Hindenburg Research
Ahead of no doubt brilliant – i.e totally made up - quarterlies tomorrow, Nate Anderson of Hindenburg Research has asked 38 more questions of Tingo (US:TIO) – the fraud first flagged up by myself at ShareStock 2022 almost a year ago, and its disgraced fraudster boss Chris Cleverly, a man exposed as a crook by this website in his African Potash (AFPO) days. Nate writes:- By Tom Winnifrith |
- 10 August 2023, 09:03 |
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Gfinity – “pleased to announce” equity raise, just because it enables the company to currently continue trading?
Gfinity (GFIN) “is pleased to announce that the company has today conditionally raised £450,000… at a price of 0.06 pence per new ordinary share… The recently announced restructuring has allowed the company to focus on its digital media business, Gfinity Digital Media, which has a significant position in the Gamer website industry”. How ‘pleasing’ does this focus and equity raise look for investors?- By Steve Moore |
- 9 August 2023, 16:05 |
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Tom Winnifrith Bearcast: By Jove, Lucian Miers is bang on the money
In today's podcast I discuss Alien Metals (UFO), Hydrogen Utopia (HUI), Optibiotix (OPTI) and an email exchange with Steve O'Hara, inflation, Iconic (ICON), Futura Medical (FUM), Haleon (HLN) and Lucian's research into curing erectile dysfunction among men of his age.- By Tom Winnifrith |
- 9 August 2023, 16:00 |
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RM plc – interims disappoint, can “strategic roadmap” and lender renegotiations deliver sufficiently from here?
Previously writing on technology and resources supplier to the education sector RM plc (RM.), in November with the shares rising to 45p I questioned how much confidence to have in its argued “opportunity presented by the growth in larger school groups and the increasing use of technology” and its ‘strategic transformation’ funding. The shares most recently closed at above 70p but what of them currently back to near 50p following half-year results?
- By Steve Moore |
- 9 August 2023, 14:57 |
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Iconic Labs Prospectus Out – it's dilution on steroids – 231 billion shares will be outstanding
Yesterday Iconic (ICON) announced that it had issued its long-awaited Prospectus which resulted in a 40% spike in its share price as punters piled. The Prospectus was not instantly available but now that it is Iconic share price has already dropped back 18% at the time of writing this article.- By Tom Winnifrith |
- 9 August 2023, 13:51 |
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Velocity Composites – discounted equity raise, how “pleased” should it be?…
Self-described “leading supplier of composite material kits to aerospace and other high-performance manufacturers”, Velocity Composites (VEL) notes £6.2 million it “is pleased to announce that it has conditionally raised… Furthermore, the company announces a retail offer to raise up to £0.5 million”. How ‘pleasing’ is all of this for shareholders?- By Steve Moore |
- 9 August 2023, 11:53 |
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Maintel – trading update, shares further ahead but still further to go?
Our July tip of the month at a 155p offer price, cloud and managed communications services provider Maintel (MAI) has issued a trading update for the first half of 2023 emphasising “significant progress” and helping the shares up to over 180p. This sounds good.- By HotStockRockets |
- 9 August 2023, 10:43 |