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Tom Winnifrith Bearcast - Totally unimpressed & also trying a new ice cream recipe
I am not sure about the home made honey ice cream, I shall report back tomorrow. Meanwhile I discuss Mirriad (MIRI), Canadian Overseas Petroleum (COPL), valuing oil E&P plays, Zephyr Energy (ZPHR), today's ouzo moment with Scotgold (SGZ), target price 0p and a full investigation by AIM regulation and the FCA, and Totally (TLY)- By Tom Winnifrith |
- 10 July 2023, 15:13 |
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Quartix Technologies – trading update, “pleased to report” any more justified this time?
Previously writing on vehicle tracking and analytics technologies company Quartix (QTX), last year with the shares at 385p I concluded that, with a £186 million market cap, its 2021 results weren’t pleasing. The shares most recently closed at 225p, and what of them currently up to 235p on the back of a “Interim Results Timetable and Trading Update” announcement?
- By Steve Moore |
- 10 July 2023, 14:48 |
The Odey Shares – a handy table c/o Shares Magazine
As the empire created by the alleged sex pest Crispin Odey collapses many of his former funds find themselves forced sellers of arrange of stocks which as we saw with Shanta Gold (SHG) can whack the share price of individual shares. Shares Magazine has a helpful table of those companies most exposed as at July 3. The percentage is the amount of the equity held in funds managed, in the good old days, by the sex pest empire.- By Tom Winnifrith |
- 10 July 2023, 13:41 |
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Contango announces a new off take agreement, but it is for far more than it has proven it can produce - avoid (pro tem)
A few weeks back I covered Contango Holdings (CGO) and the rumours that there were issues with its offtake agreement, which raised questions as to whether or not that would go ahead.- By Gary Newman |
- 10 July 2023, 13:37 |
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Totally plc – full-year results, is “in a strong position to continue to grow significantly over the coming years” ‘totally’ misleading?
Describing itself as “a leading provider of frontline healthcare services which increases access to quality healthcare across the UK and in Ireland by targeting the reduction of waiting lists and waiting times for patients, alongside corporate fitness and wellbeing services for corporate customers”, Totally plc (TLY) today states that it “is pleased to announce its preliminary results for the 12-month period ended 31 March 2023” and the shares have currently responded towards 13p – er, down over 20%!- By Steve Moore |
- 10 July 2023, 11:39 |
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Canadian Overseas – another day more confetti issued – the death spiral provider is panicking
Here we go again. This time 2.447,980 shares have been issued at 6.38p following the conversion of just $200,000 of death spiral bonds. Meanwhile to settle $400,000 of interest liabilities and other sums due to the death spiral providers another 15.090421 million shares have been issued – that would be under the VWAP formula at 2.07p. So that gives a blended issue price of 2.63p.- By Tom Winnifrith |
- 10 July 2023, 11:33 |
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Is AI a bubble – watch the chancers jump onboard the bandwagon: Streak Gaming
I am sure that Artificial Intelligence will change the world. It is a fascinating area as I have discussed in five episodes of TechCast. But that does not mean that AI might not create a stockmarket bubble. For into every boom the chancers are attracted.- By Tom Winnifrith |
- 10 July 2023, 10:43 |
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Promised You a Miracle. Only Simple Minds believed that: Fat Lady looking at gig with Scotgold
Oh dear, oh dear. Despite having raised £5 million so far this year, Scotgold (SGZ) today says it had just £620,000 cash as at June 30th and owes $500,000 with a fifth of that due as the first repayment due this week. This makes the #BBCScandal that the national broadcaster and protector of paedophiles told its viewers in late January that Scotgold had discovered new gold (when it hadn’t) to allow a pump and placing dump even more of a scandal. Today’s news is bleak.- By Tom Winnifrith |
- 10 July 2023, 09:17 |
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Tern – Surely Time For An Update From Decapitated Board
The last we heard from AIM-listed jam-tomorrow IoT investment company Tern plc (TERN) – apart from a predictable extension on its convertible loan to supposedly jewel-in-the-crown investee Device Authority – was the result of its AGM, when CEO Al Sisto was unceremoniously given the boot by shareholders and the Board was deprived of the right to issue more confetti. But that was a couple of weeks ago and…er…Tern is staring empty coffers in the face, as usual. Surely the Board has discussed what it is going to do about this by now? But all we have had is silence.- By Nigel Somerville |
- 10 July 2023, 08:30 |
Queen Vic Company Boosts the Modern World with its Chemical Magic
Hello Share Rattlers. A chemical company listed in London but operating all over the world is worth a look. It’s called Elementis (ELM) and in an uncertain economic climate, it’s doing rather well.- By Malcolm Stacey |
- 10 July 2023, 08:19 |
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Tom Winnifrith Bearcast: the damning email I have seen on Tingo, yes I do know hew the #BBCPresenter is and its shocking and a new business starts today
I start with the new business and add that however it goes I am not retiring as that would give satisfaction to all the wrong people. Yes I do know who the #BBCPresenter is and its shocking. Then onto Tingo (US:TIO) and I have seen an email which might force the SEC to act on what is such an obvious Norfolk.- By Tom Winnifrith |
- 9 July 2023, 17:51 |
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More headlines for BT Group's long-suffering shareholders to think about
I said a couple of months ago, that I was keeping on holding my BT Group (BT.A) shares, but I am even more officially hacked off with them now. It is nothing to with my monthly home phone, broadband, mobile and related bill, which is pretty cheap given the family (and me) access it just a little bit every day. No, what I am disappointed about is the news that “the FTSE-100 telecoms giant is working with head hunters on a search for a successor to Philip Jansen after he was approached about several US-based roles”...- By Chris Bailey of Financial Orbit |
- 9 July 2023, 13:23 |
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The ShareProphets Sunday Pub Quiz #196
It's time for the ShareProphets Sunday Pub Quiz.. There are no prizes! And remember, no Googling!
- By Darren Atwater |
- 9 July 2023, 09:27 |
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Sunday Long Reads: OceanGate, 1970s California, Rap Crime, Horse Killing Cat, English Murder
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 |
- 9 July 2023, 09:24 |
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The View From The Montana Log-Cabin As Gold Still Continues To Resist A Drop
Gold finished the week at $1924 – up just $4 on last week – as downward pressure failed once again to push the yellow stuff lower. Indeed, I noted recently that despite many factors pressuring to the downside (rising bond yields, more hawkish noises from the Fed and a positive equity market) I was actually quite encouraged by Gold’s stubborn performance.- By Nigel Somerville |
- 9 July 2023, 09:22 |
Visual Aid: The State of Economic Freedom in 2023
The map above uses the annual Index of Economic Freedom from the Heritage Foundation to showcase the level of economic freedom in every country worldwide on a scale of 0-100, looking at factors like property rights, tax burdens, labor freedom, and so on.
- By Darren Atwater |
- 9 July 2023, 09:02 |
Notes from Underground – Most read articles for the week ending 8 July
The most read non-Quiz, non-Tom article last week is by Evil Banksta, BREAKING: Another FCA Fail - why isn't Cineworld suspended for not publishing its accounts, at No 5 or No 10 including Bearcasts.
- By Darren Atwater |
- 9 July 2023, 09:01 |
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Tom Winnifrith Bearcast: starting the post mortems on Deepverge & Microsaic
But first, the changes needed to Bulletin Board to deal with defamatory trolls. I write as someone reporting one incident to the Police last night and taking up another with twitter earlier in the week. Then, I might be a bit premature, on the post mortems of Deepverge (DVRG) and Microsaic (MSYS) but I name ALL the guilty men- By Tom Winnifrith |
- 8 July 2023, 19:15 |
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J Sainsbury – Q1 trading statement, a current trading momentum Buy
J Sainsbury (SBRY) has issued a trading statement for the 16 weeks ended 24th June 2023, emphasising “continued strong Grocery momentum” and “General Merchandise growth driven by further Argos market share gains, with strong Consumer Electronics sales offsetting weaker early Summer seasonals performance”. So what of this with a now 269.6p share price?- By Tom Winnifrith & Steve Moore |
- 8 July 2023, 12:45 |
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Microsaic suspended, running out of cash and probably fucked (by Brandon) but did it mislead investors?
On Monday of last week shares in Microsaic (MSYS), run by Gerry “the arse” Brandon whose fraudulent revenue recognition and breaches of AIM Rules had already seen Deepverge (DVRG) shares suspended and the company teetering on the brink, were suspended from AIM It could not get its 2022 accounts out on time. But did it mislead investors as is the wont of Brandon.- By Tom Winnifrith, the Sheriff of AIM |
- 8 July 2023, 12:45 |