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Marshalls – I having previously stated I expect material trading deterioration, what does a latest trading statement state?
Landscape, building and roofing products manufacturer and distributor Marshalls (MSLH) has issued a “trading statement” following the first half of 2023. I’ve previously questioned how the half-year would compare to a 2022 comparative £44.6 million adjusted pre-tax profit which evolved into a full-year £90.4 million generating earnings per share of 31.3p. So how is the latest trading statement?- By Steve Moore |
- 31 July 2023, 11:30 |
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Wandisco, a second letter to the FCA – were there payoffs for those resigned for ignoring fraud?
The FCA Investigation into Wandisco (WAND) and its fraudulent sales continues. I wrote to it last week about the way that ex CEO Dave Richards MBE and CFO Erik Millar were given huge bonuses solely because of fraudulent sales figures. Now I have written again on the subject of payoffs.- By Tom Winnifrith, the Sheriff of AIM |
- 31 July 2023, 10:05 |
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BT Group announces its new incoming CEO. Such excitement…not!
I observed last Thursday that, “I still remain rather grumpy about the recent decision from the CEO of BT Group (BT.A) to exit the business, given he has still got loads of his promised job to do”. Therefore, is it good news that “BT Group plc today announces the appointment of Allison Kirkby as Chief Executive…she will take over from Philip Jansen as Chief Executive around the end of January 2024 at the latest”?
- By Chris Bailey |
- 31 July 2023, 09:35 |
Malcolm Stacey is away today sampling the envy of the world
Fear not it is a routine operation and the Old Boy is planning to be back at his desk in time to pen his column for Wednesday but he has just faxed over news from the Glan Clywd hospital in Bodelwyddan. Malcolm writes…- By Tom Winnifrith |
- 31 July 2023, 08:41 |
Volex – Q1 update and a “confidence… will continue to make further progress in the year” BUY
‘Specialist integrated manufacturer of critical power and data transmission products’, Volex (VLX) has announced quarterly year on year constant currency organic growth of 6.5% and “confidence that the business will continue to make further progress in the year”.- By Hotstockrockets |
- 30 July 2023, 17:51 |
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Tom Winnifrith Bearcast: go woke go Broke, Greene King & the Women's World Cup and why I am a perma Bushveld bear
I don't think Greene King (GNK) will go bust for along while but I delight in its woke folly, so typical of big corporates today. Then I discuss Gary's piece on Bushveld Minerals (BMN) and why I am a perma bear.- By Tom Winnifrith |
- 30 July 2023, 17:46 |
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I'd avoid Bushveld Minerals until at least the Mustang deal is resolved
Bushveld Minerals (BMN) was once one of the big mining success stories on AIM, but after its shares soaring by nearly 2,500%, they have steadily fallen ever since, and now trade at almost back where they began.- By Gary Newman |
- 30 July 2023, 14:20 |
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Sunday Long Reads: Generic USA, Psychic Scam, Lost to Fortnite, Bad Patients, Decathlete Grifter
Sunday is a good time to sit back, read, and forget about shares. Put the kettle on, find a comfy chair. You have the time, don't you?
- By Darren Atwater |
- 30 July 2023, 10:46 |
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The View From The Montana Log-Cabin As Gold Briefly Falters
Gold ended the week at $1960 – down by just $1 on last week’s $1961 after a week in which it peaked at just over $1980 before a sharp drop to $1940 and then recovering. Gold stocks had a similar week, although the subsequent recovery was more muted as can be seen on my chart of Gold vs the minnig ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers).- By Nigel Somerville |
- 30 July 2023, 10:43 |
Visual Aid: G7 vs. BRICS by GDP
Fifty years ago, the government finance heads from the UK, West Germany, France, and the U.S. met informally in the White House’s ground-floor library to discuss the international monetary situation at the time. This is the origin story of the G7.
- By Darren Atwater |
- 30 July 2023, 10:40 |
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The ShareProphets Sunday Pub Quiz #199
It's time for the ShareProphets Sunday Pub Quiz.. There are no prizes! And remember, no Googling!
- By Darren Atwater |
- 30 July 2023, 10:31 |
Notes from Underground – Most read articles for the week ending 29 July
The most read non-Quiz, non-Tom article last week is by Chris Bailey, Having a think about markets whilst having my now and again coffee at Dunelm, at No 1 or No 9 including Bearcasts.
- By Darren Atwater |
- 30 July 2023, 10:30 |
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Tom Winnifrith video ShareShow Number 27 featuring Steve O'Hara of Optibiotix and Lucian Miers
I am back with these bonus video shows. I am still re-adjusting myself to zoom so if my face looks a bit funny there is a reason. In this show I interview Steve O'Hara of Optibiotix (OPTI) and short seller Lucian Miers on 4 short ideas. I also comment on Versarien and the inevitability of Neill Ricketts dumping his shares. I hope you enjoy the show.- By Tom Winnifrith |
- 29 July 2023, 19:02 |
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Tom Winnifrith Bearcast: is Kefi just weeks away from take off and "Project Equity" at Compass: guess what!
I start by asking why if the Met Office could not predict the weather today why I should believe its 77 year forecast? then I look at whether anyone is ever not rewarded for failure these days, ref NatWest (NWG), Wandisco (WAND) and Pod Point (PODP). Then to 3 articles concerning Compass Group (CPG) and the comedy of "Project Equity" - illegal woke madness - HERE, Andrew Neil comparing EU and US economic performance HERE and Kefi Gold & Copper (KEFI) is it all systems go? HERE- By Tom Winnifrith |
- 29 July 2023, 18:19 |
Video from Doomberg: The Degrowth Movement, A War On Humanity? And an explicit warning to Europeans for this winter
Some will dismiss Doomberg as another conspiracy theorist talking alt right nonsense, Nigel Somerville on steroids. When you get your fuel bill this winter who will have the last laugh?- By Tom Winnifrith |
- 29 July 2023, 16:27 |
Aeorema Communications – “another record year” and confident for another successful year ahead, further upside ahead
Events and communications consultancy services company Aeorema Communications (AEO) has announced its year ended 30th June 2023, “following a strong second half… is expected to be another record year for the group with increased revenue and profit, and a strong cash balance” and that it “is confident that the 2024 financial year will be another successful year”. This sounds encouraging.- By HotStockRockets |
- 29 July 2023, 11:03 |
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Limitless Earth – grossly overvalued and a classic AIM lifestyle company with the added curse of Nilesh
Yesterday I detailed the catalogue of schoolboy accounting errors in the final results from Limitless Earth (LME). I made the Nomad aware but as this is AIM it seems as if nobody cares. Perhaps dropping a note to the FRC might concentrate a few minds round at Cairn Financial? The annual report has now been published and fresh horrors emerge.- By Tom Winnifrith, the Sheriff of AIM |
- 29 July 2023, 10:51 |
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Centamin – interims, still a production-improving Buy
Gold miner in Egypt Centamin (CEY) has announced results for the first half of the 2023 calendar year emphasising “Improved results driven by strong operating performance and stringent cost management” and “in a robust position to deliver the next stage of growth including further optimisation at Sukari and continued development of the Doropo project”. Sounds good, and the shares have currently responded higher.- By Tom Winnifrith & Steve Moore |
- 29 July 2023, 10:34 |
How to Make More Mazuma from Mysterious Market Madness.
Hello Share Scramblers. The madness of the Stock Exchange still amazes this old punter. Even though I know from hairy old experience that it’s always been so. Now, how can we make money when logic goes out the window? Read on…- By Malcolm Stacey |
- 29 July 2023, 10:18 |
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Pod Point – share price slump since 4:11pm yesterday, why’s that then?…
Shares in electric vehicle charging group Pod Point (PODP) were around 46.5p just after 4pm yesterday. They closed the day at 33p and are currently approaching 30p, so what’s going on?- By Steve Moore |
- 28 July 2023, 16:14 |