premium content
The Luxembourg of bitcoin mining Argo Blockchain serves up another operational update with the really bad news missing
A trading update is meant to inform by posting key metrics. You can therefore assume that any company posting an operational update which excludes the key metrics has something to hide, that is to say bad news. And that brings us to a July operational update from Argo Blockchain (ARB).- By Tom Winnifrith |
- 4 August 2023, 12:09 |
premium content
Comedy continues at Capita/C(r)apita
A year ago I wrote that “if you got lucky with Capita (CPI) shares…you should exit stage left now”. And the same has happened this year too, as you could have purchased Capita shares at about 30p and sold them at around 40p a share a few months later. However, the shares have been poor performers since, and the stock is lower than it was a year ago. Does Capita remain “C(r)apita”…?!
- By Chris Bailey |
- 4 August 2023, 09:50 |
premium content
Parity praying for public sector expansion as its revenues tank again
On 16 May 2023 serving up (piss poor) 2022 results recruitment minnow Parity (PTY) made bold claims. Bollocks claims as it now turns out. It stated:- By Tom Winnifrith, the Sheriff of AIM |
- 4 August 2023, 09:39 |
Brand Architekts Group – now a recovery BUY
Beauty brand group Brand Architekts (BAR) recently noted a second half of its year ended 30th June 2023 “significant improvement on the performance in H1” and a net cash position of c.£8.2 million. With reasons to consider trading improvement can continue and a market cap, at a current 32p offer price for the shares, of below £9 million, we rate the shares a recovery Buy.- By HotStockRockets |
- 4 August 2023, 09:35 |
premium content
Optibiotix – sells SkinBioTherapeutics shares, price target cut from 82p to 78p but still a STRONG BUY as de-risked a bit more
A “TR-1” (shareholding) announcement on the holding of Optibiotix Health (OPTI) in SkinBioTherapeutics (SBTX). So what’s this news?- By Tom Winnifrith & Steve Moore |
- 4 August 2023, 09:17 |
premium content
Tom Winnifrith Bearcast - no Kefi does not have to issue an RNS FFS!
In today's bearcast I cover ITV (ITV) and long term trends in telly land, Wishbone Gold (WSBN), Alien Metals (UFO), Kefi Gold & Copper (KEFI), my speed awareness course and my garden, Parkmead Group (PMG) and Canadian Overseas Petroleum (COPL).- By Tom Winnifrith |
- 3 August 2023, 16:27 |
premium content
Facilities by ADF – notes “industrial action” impact, what’s the outlook from here?
“Leading provider of premium serviced production facilities to the UK film and high-end television industry”, Facilities by ADF (ADF) has issued an update on what it describes as “a strong financial performance in H1-FY23” and emphasises that it “remains strongly positioned in its markets and the board remains confident in the company's future prospects”. So what of a current share price of 45.5p, comparing to 60p as recently as June?- By Steve Moore |
- 3 August 2023, 16:05 |
premium content
LifeSafe Holdings – equity raise ‘to procure stock and for working capital’. Is it really?…
Previously writing on company describing itself as “a fire safety technology business with innovative fire extinguishing fluids and fire safety products” LifeSafe Holdings (LIFS), in June with the shares up to 41p I wrote “sales growth has continued to exceed the board's expectations”… but how impressive is it? – concluding I remained cautious on the financials position. The shares most recently closed at 40.5p and today equity raise news.
- By Steve Moore |
- 3 August 2023, 14:39 |
premium content
Ahead of the Bank of England raising rates again, I get the horn for the world of sack kraft paper and paper bags…and shares in Mondi
I think we can all guess what the Bank of England will choose to do with interest rates later today. However, the real interest will come from what it says on updated future thoughts about inflation, economic growth and hence interest rate decisions over the next six to eighteen months. I know what I think already: the interest rate increases last month and this month will look overtly foolish in early 2024 (not that the Bank of England will ever admit it). As for the world of shares, there are lots of updates and insights to be dealt with today.- By Chris Bailey |
- 3 August 2023, 11:29 |
premium content
Devolver Digital – warns AGAIN!, and still how much confidence to really have in its stated expectations?
Previously writing on company which describes itself as “an award-winning digital publisher and developer of indie video games” Devolver Digital (DEVO), in April with the shares falling below 30p I concluded an AIM IPO Roll-Call of Shame from the 2021 listing remained justified and as did a stance of bargepole/sell. With the shares having most recently closed at 19.5p, what of a latest trading update?
- By Steve Moore |
- 3 August 2023, 11:18 |
premium content
Online Blockchain – do the maths – what is the cash position? ( hint its grim)
The blockchain to NFT to AI to whatever bandwagon is next entity run by ex ADVFN boss Clem Chambers with well remunerated help from his sons, that is Online Blockchain (OBC), must surely be running on vapours. Finally it seems that investors are waking up to the lifestyle joke that this is. Gone are the days when the shares were pumped by Clem’s pals allowing a placing at 100p. The shares are now just 13p.- By Tom Winnifrith, the Sheriff of AIM |
- 3 August 2023, 11:07 |
Video: The Financial Equivalent of Nuclear War
Gold bug, author and investor Alasdair Macleod believes that the US dollar is heading towards a major financial crisis due to its unsustainable debt trap, contraction of bank credit and rising interest rates. What a cheery fellow.- By Tom Winnifrith |
- 3 August 2023, 10:37 |
premium content
Verditek shares sliding – is it bust yet? Or is a discounted placing being forward sold?
The maths on this share tip from disgraced Mike Walters of the frauds Minmet, Polly Peck, 3DM, and the list goes on and on, infamy are clear. Verditek (VDTK) is – as of today running on vapours and unless it can get a bucket shop – deeply discounted – placing away, the shares should be suspended pending clarification. To recap for chairman, Tory Toff, Lord Willetts.- By Tom Winnifrith, the Sheriff of AIM |
- 3 August 2023, 10:27 |
premium content
Deepverge now has just 1 employee, no cash and no operating business – when does the Fat Lady arrive?
Back on July 12 Deepverge (DVRG) announced that it was making all its staff redundant and ceasing to fund its operating businesses as the cash was almost gone. The last staff left on July 31 leaving just the PLC board.- By Tom Winnifrith, the Sheriff of AIM |
- 3 August 2023, 09:58 |
premium content
Another dismal month for AIM in July: no end to the decline of “the world’s most successful growth market”
The AIM Market statistics for July 2023 have arrived. Yo bogus Sheriff Marcus Stuttard: why do you think things are going so badly on the sewer?July 2023 saw 1 new joiner and 5 departures taking AIM down to 788 companies.
- By Tom Winnifrith |
- 3 August 2023, 09:09 |
premium content
Trackwise Designs – “appointment of administrators”, investors wipeout and how much do the money-banked roll-call of shame participants really care?
Previously writing on Trackwise Designs (TWD), just over a month ago I wrote results delay shares suspension ahoy… and will they come back from suspension? – concluding again hopefully my prior warnings were heeded and, natch, still avoid/sell. Today an “appointment of administrators” announcement.
- By Steve Moore |
- 2 August 2023, 16:15 |
premium content
Ingenta – half-year trading update, a ‘comfortably in line with expectations’ Buy
Provider of software and services to the publishing industry Ingenta (ING) has announced continued growth in the first half of the year and that it is confident of full-year results “comfortably in line with market expectations”. Sounds good, but what’s the detail?- By HotStockRockets |
- 2 August 2023, 16:09 |
premium content
Tom Winnifrith Bearcast: the one day rise and fall of Orcadian Energy
In today's podcast I consider US opinion polls as President Trump is indicted for a third time, Alison Rose and women FTSE 100 directors and how Ms Rose screwed women customers of NatWest (NWG) in particular. Then it is onto Orcadian Energy (ORCA), Optibiotix (OPTI), Wildcat Petroleum (WCAT) and Bushveld Minerals (BMN)- By Tom Winnifrith |
- 2 August 2023, 14:36 |
premium content
CAP-XX – trading update, how optimistic to be on recent orders and “sales opportunities” really?
Describing itself as “a world leader in the design and manufacture of thin, prismatic supercapacitors and energy management systems”, CAP-XX (CPX) has announced a trading update following its year ended 30th June 2023 including “revenue is expected to be A$4m” and “a broadly based increase in orders across the product portfolio and a notable strengthening of the book-to-bill ratio in the past three months… an increased focus on strengthening the relationship and focus on the customer is expected to see revenue and sales opportunities continue to grow into FY2024”. So what of a share price currently down to 1.45p?- By Steve Moore |
- 2 August 2023, 13:35 |
Deltex Medical – “pleased to announce” fundraising completion. How ‘pleasing’ for shareholders though?!
The board of Deltex Medical Group (DEMG) states that it “is pleased to announce the completion of the fundraising and capital reorganisation… trading in the company's ordinary shares… has now resumed on AIM”. Good news then?- By Steve Moore |
- 2 August 2023, 11:30 |