premium content
I'm very happy overall with the latest Afentra acquisition and it remains a long term investment for me
The news yesterday that Afentra (AET) had entered into another acquisition, and were suspending the shares until an admission document has been released, seemed to get a mixed reaction, but I for one was pleased with the news.- By Gary Newman |
- 20 July 2023, 12:37 |
premium content
How hot will the summer be for easyJet?
When I look at my diary over the next few weeks, the busiest day is always a Thursday. Such has been my life over the last twenty-five plus years! The main excitement for me is elsewhere in the world today, but from a FTSE 350 perspective I have a few thoughts on easyJet (EZJ).- By Chris Bailey |
- 20 July 2023, 12:15 |
premium content
AMTE Power – now needs financial ‘solution’ “within the next few business days”. What’s that I can hear?…
Previously writing on company which describes itself as “a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets” AMTE Power (AMTE), last month as the shares jumped to 6p on ‘battery challenge’ and UN Certification announcements I concluded it’s good luck here particularly in the current financing environment – and thus more covid-era IPO misery. Hopefully our prior warnings were heeded and it remains bargepole/sell. The shares most recently closed at 8.25p but are currently down to 4.25p on the back of a “Financing update” announcement. Uh oh!
- By Steve Moore |
- 20 July 2023, 11:25 |
Video: Gold, The Beginning of the Journey to $2905
Writer Francis Hunt, the founder of The Market Sniper talks about why inflation has not been “cured” yet; it looks better only because it is being compared to previous numbers and basing effects. He says that year-on-year effects have decreased, but the consumer is still taking a hit. He argues that the declining dollar and prices is an indication that US inflation will likely surge soon.- By Tom Winnifrith |
- 20 July 2023, 08:15 |
premium content
The Looming suspension of Tintra – three possible reasons and none of them good
I have warned you often enough that Tintra (TNT) would blow itself up and it has now issued a RNS stating it is faces delay in getting its audited accounts for the year to 31 January 2023 finalised after six months and might, as a result, get its shares suspended on August 1. This is a massive red flag but what is the problem?- By Tom Winnifrith |
- 20 July 2023, 08:00 |
premium content
Must NatWest boss Alison Rose now resign over the Farage affair at Coutts
I discussed the scandal of the closing of Nigel Farage’s bank account by Coutts on political grounds in a podcast yesterday HERE. Like the heroic Peter Tatchell who has opined on this matter, I really disagree with Farage on many things, but I argue that what Coutts has done is scandalous. But this scandal now looks like it is ratchetting up and very well could cost Dame Alison Rose, the boss of NatWest (NWG) which owns Coutts, her job. Here’s why.- By Tom Winnifrith |
- 20 July 2023, 07:59 |
premium content
Mirriad Advertising – management LTIP options greed and what part of the more than £15m loss last year was the CEO £50,000 bonus for?!
Having yesterday issued a trading update which showed signs of cash flow desperation again despite a recent fundraising and saw the shares further lower, from Mirriad Advertising (MIRI) today there’s a LTIP option awards announcement (natch!).
- By Steve Moore |
- 19 July 2023, 16:09 |
premium content
Tom Winnifrith Bearcast: I hope that Kerim Sener does NOT listen to Nigel Somerville
First, thank you for kind words on my in-laws and yesterday's burglary. Then it is onto Ariana Resources (AAU), Optibiotix (OPTI) and Skinbiotherapeutics (SBTX), Tintra (TNT), Canadian Overseas Petroleum (COPL) and Argo Blockchain (ARB).- By Tom Winnifrith |
- 19 July 2023, 15:54 |
premium content
PennPetro - Lenigas twitter ramp when is next placing for this insolvent POS? And where are the shareholders yachts?
Without mentioning that he is the chairman, shameless David Lenigas is again ramping shares in technically insolvent Pennpetro (PPP) again as you can see below. You might care to note from where Lenigas is tweeting.- By Tom Winnifrith |
- 19 July 2023, 14:29 |
premium content
Argo Blockchain – as predicted discounted placing, clearly far less raised than had been hoped
In the first half of 2022 Argo Blockchain (ARB) burned cash despite the bitcoin price averaging $37,000. With the bitcoin price higher than it was but nowhere near $37,000 let alone a level that would ensure cash neutrality, the company’s shares were ramped up to 17p on the basis of some low grade pumping. After the pump…- By Tom Winnifrith |
- 19 July 2023, 13:56 |
premium content
Watkin Jones – from less than two months ago H2 to “be materially stronger” to now there may not be much improvement and worse!…
Less than two months ago with half-year ended 31st March 2023 results, company describing itself as “the UK's leading developer and manager of residential for rent” Watkin Jones (WJG) stated that it “expected that H2-23 will be materially stronger than H1-23, with forward sales adding to performance from in-build developments”. So good news from a trading update today then? Er, the shares are currently down more than 37% to around 50p in response!- By Steve Moore |
- 19 July 2023, 11:28 |
premium content
Financial market fun in Blighty!
Corporate news flow is much more centred on the European and American stock markets for me today. As for Blighty, I was not surprised to see the UK inflation rate drop to its lowest in a year at 7.9% for the 12 months to June, according to the Office for National Statistics. And no surprise then to see UK shares go up and gilt yields go down.- By Chris Bailey |
- 19 July 2023, 11:06 |
premium content
Audioboom Piss Poor Interims: Gary Newman should have listened to the boss part 77
Oh dear. How is stale bull Gary Newman faring this morning? Audioboom (BOOM) about which I warned the complete-angler has served up half calendar year numbers which are, at every level, piss poor and the shares have slumped to just 180p. Please, young Gary, don’t go bottom fishing, for there is worse to come!- By Tom Winnifrith, the Sheriff of AIM |
- 19 July 2023, 10:43 |
premium content
The Questions that Wandisco refuses to answer as it tries to sweep the £2 million + David Richards scandal under the carpet
Following my three exposes yesterday I put a number of questions to Wandisco (WAND) via its PR firm FTI Consulting. I have also reported Dave Richards to the Charity Commission with whom I had a fruitful conversation. Next up will be the taxman but that is a bit complicated.- By Tom Winnifrith, the Sheriff of AIM |
- 19 July 2023, 09:50 |
premium content
Ariana – Superb News From Tavsan As Mine Construction Recommences
AIM-listed Ariana Resources (AAU) announced this morning that following Court action in Turkey, it has received the all-clear to resume construction at its second Gold mine in Turkey – Tavsan – and its team has remobilised already. This is great news for loyal shareholders such as myself.- By Nigel Somerville |
- 19 July 2023, 08:10 |
In the Deep Blue Sea or High in the Sky, this Engineering Powerhouse could Have a Golden Future
Hello Share Sweepers. Occasionally, I come across an engineering manufacturer that isn’t as dull as ditchwater. One such outfit is Victrex (VCT). It helps replace metal thingies in the harshest of places. Whether it’s 10,000 feet below sea level or 40,000 feet above. From -196°C to +260°C. Inside the gearbox of a car or the human body. It helps clients overcome complex design and engineering challenges.- By Malcolm Stacey |
- 19 July 2023, 08:10 |
premium content
BREAKING: Versarien - Neill Ricketts finally leaves the board, 4 months after “resigning”?
Versarien (VRS) has today, after hours natch, announced that it cant find an external chap to act as CEO as it heads towards insolvency so has promoted Stephen Hodge from CTO to CEO to steer the Titanic for its last few yards. It has also announced that Neill Ricketts has finally left the board. as a reminder:- By Tom Winnifrith, the Sheriff of AIM |
- 18 July 2023, 17:23 |
premium content
Osirium Technologies – reckons it “look forward to the second half with confidence”. It’s first got to be able to reach the year-end!
Describing itself as “a leading vendor of cloud-based cybersecurity and IT automation software”, Osirium Technologies (OSI) commences a trading update with that it “is pleased to report that Osirium's annual recurring revenue has increased by 34% over the 12 months to 30 June 2023 to £2.16 million (30 June 2022 ARR: £1.61 million) and by 20% since the start of the year”. Hmmm – “a leading vendor of cloud-based cybersecurity and IT automation software”? And, with also revenue being vanity, how ‘pleasing’ really is it?- By Steve Moore |
- 18 July 2023, 16:05 |
premium content
Tom Winnifrith Bearcast: what a wicked world we live in, I despair
The phone call that was today's person from Porlock was my mother-in-law who had just come home from an appointment to find smashed windows in her house just across the river from here. My 93 year old father-in-law, deaf as a post, had slept while burglars stole everything of value throughout the house. What a world we live in. From that I move onto the scandals of Dave Richards and Wandisco (WAND), Canadian Overseas Petroleum (COPL), Miriad (MIRI), Bidstack (BIDS), Supply@ME Capital (SYME) and Oxford Nanopore (ONT) and dual US listings.- By Tom Winnifrith |
- 18 July 2023, 14:42 |
premium content
Mirriad Advertising – trading update states “pleased” with revenue increase, it shouldn’t be…
Describing itself as a “leading in-content advertising company”, Mirriad Advertising (MIRI) has issued a trading update stating that it “is pleased that the company has shown an increase in overall H1 revenue compared to 2022” and that “overall, the board is encouraged by the forward sales pipeline in the US”. So what of a current share price response down by 13% to 1.175p?- By Steve Moore |
- 18 July 2023, 14:35 |