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BREAKING: The BBC fesses up to misleading over Scotgold pump and dump now AIM Regulation needs to step in
I have noted before how one valiant reader complained to the wretched BBC about its coverage of Scotgold (SGZ) earlier this year ( January 30) – reports which were clearly false caused the share price to spike to 70p allowing a bailout placing at just 40p to go ahead. Amazingly the BBC has now formally accepted that it did mislead its viewers, thus costing many of them a good few quid. But it gets worse.- By Tom Winnifrith, the Sheriff of AIM |
- 7 July 2023, 09:55 |
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I worry more about the upcoming global corporate earnings season than the latest on house prices
Have you enjoyed the first week of July? From an investment perspective it has been a little volatile, but we have all seen it before (and frankly a lot worse). No doubt the “sell in May and go away” fraternity are feeling very excited (even if the average global large cap investor had a pretty good June and, overall, first half of 2023 period). Clearly one dodgy 2023 performer is the UK housing market.- By Chris Bailey |
- 7 July 2023, 09:31 |
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Ingenta – positive trading and contracts news, Buy
Provider of software and services to the publishing industry, Ingenta (ING) has announced that it expects results “comfortably in line with market expectations”, along with two contract wins which “have secured a significant proportion of the group's new sales targets for 2023”. So what of the shares currently up more than 15% at 106.5p in response?- By HotStockRockets |
- 7 July 2023, 08:33 |
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Go woke go broke - #BoycottGrind
I am actually a loyal customer of Grind, or rather the Mrs is. She buys its eco-friendly coffee Nespresso style pods for the posh coffeemaker I was given by my co-workers on the occasion of my 40th birthday. However, that was up until yesterday, we will now #BoycottGrind and so will many others as a company that is not in good financial shape commits woke corporate hara-kiri.- By Tom Winnifrith |
- 7 July 2023, 08:23 |
Deltex Medical – “exploring an equity fundraise to provide the necessary working capital”. Er, it means to keep the lights on!
Describing itself as “the global leader in oesophageal Doppler monitoring”, Deltex Medical Group (DEMG) has issued an update including that its “next generation TrueVue monitor has completed all required internal and external testing, with the finalisation of the technical file expected imminently to enable launch of the product” and that it “is currently exploring an equity fundraise to provide the necessary working capital”. So what’s the overall outlook from here?- By Steve Moore |
- 6 July 2023, 15:57 |
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Tom Winnifrith Bearcast - daring to disagree with Chris "three brains" Bailey
I start with some macro matters, base rates, house prices, the madness of Malcolm in buying housebuilders, etc. Then it is on to Currys (CURY) where Chris is wrong about the shares and where my experience as a customer is not good. Then its cash crisis ahoy at Colin Bird's Bezant Resources (BZT) and finally when is it a good time to stand down as CEO and what can it mean, I refer to FinnCrap (FCAP) and to Pod Point (PODP) PS I reckon that FinnCap is due another profits warning PDQ as is its proposed merger partner Cenkos (CNKS).- By Tom Winnifrith |
- 6 July 2023, 15:52 |
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TPXimpact – full-year results, “a solid foundation for improved business performance”?
Digital transformation company TPXimpact Holdings (TPX) has announced results for its year ended 31st March 2023, with its first two “Highlights”being “Performance in line with market consensus” and “Strong momentum in new orders with £115m won in the year, including £36m in Q4”. So what of a current share price response down to 34.5p, a £31.8 million market cap?- By Steve Moore |
- 6 July 2023, 14:51 |
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Evrima – something it forgot to mention in its audited financial statements Aquis release, can you guess what?
I flagged up last year the utterly dubious and shocking related party loans at Aquis listed investment company Evrima (EVA). On June 26 this year the company posted a RNS results statement on Aquis. But there was something missing. Can you guess what?- By Tom Winnifrith |
- 6 July 2023, 12:28 |
Video: A Second, More Powerful Wave of Inflation is Coming
Financier and mining entrepreneur Simon Hunt has a slew of dire warnings on everything from inflation to what may happen in Ukraine- By Tom Winnifrith |
- 6 July 2023, 11:37 |
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Virgin Wines UK – “significant progress” on a strategic focus…or not?
Online wine retailer Virgin Wines UK (VINO) has announced what it describes as “significant progress” with its strategic focus on commercial partnerships with “a new strategic partnership with WH Smith Travel”. So what of a share price currently further down, to below 30p?- By Steve Moore |
- 6 July 2023, 11:24 |
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Is it only Frasers Group and myself who think shares in Currys are cheap? Yes they really are!
The audited results for its year ended 29 April 2023 from Currys (CURY) this morning have hardly pleased the market, taking the shares back to levels not seen since the dodgy world of 2008-2009. Am I wrong to think the stock is worth 80p plus a share, or am I missing something mega (beyond an obviously mixed consumer, who purchased a bunch of new TVs, dishwashers and computers during the lockdown)?- By Chris Bailey |
- 6 July 2023, 10:39 |
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Canadian Overseas Petroleum Limited trading update is er….limited, it's still a zero in waiting
Canadian Overseas Petroleum (COPL) has served up a Q2 of calendar 2023 operations update with all the usual turd polishing and omissions you would expect from a company teetering on the verge of bankruptcy. Let’s start with output: an average of 1,250 boepd. That is a sharp rebound on the dire Q1 but…- By Tom Winnifrith |
- 6 July 2023, 10:34 |
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My view on Emmerson remains unchanged in terms of the chance of success or failure, despite the drop today, and it remains a speculative buy
Emmerson (EML) has taken a big hit to its share price today following news that the regional investment authority hasn’t approved its Environmental and Social Impact Assessment, but I think that the market has over-reacted in marking it down around 40%. As I tipped it the other day HERE, you deserve an immediate update.- By Gary Newman |
- 6 July 2023, 10:21 |
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Pod Point CEO walks with immediate effect: explanation given just does not stack up!
Pod Point (PODP) helps folks with electric cars charge up their motors. It is exactly the sort of green shite that Malcolm Stacey would be all over but today the CEO Erik Fairbairn has walked with immediate effect. The explanation given just does not stack up.- By Tom Winnifrith |
- 6 July 2023, 09:50 |
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Topps Tiles – argues “sales remained strong in the third quarter”, but how strong really is the performance?…
Describing itself as “the UK's leading tile specialist”, Topps Tiles (TPT) has issued a “Q3 Trading Update” commencing that “Group sales remained strong in the third quarter”. With it “confident that adjusted profit before tax in the second half will be materially higher than the first half”, what of a share price still below 50p having reached more than 75p less than two years ago?- By Steve Moore |
- 5 July 2023, 15:50 |
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Tom Winnifrith Bearcast: Visionary Andrew Monk ( Oriel College Oxford) has a cunning plan to transform the economy and to keep the Tories in power
I show you Mr Monk's plan below and explain why it is total bunkum but invite you to comment on it in the comments section below. Then it is on to Bidstack (BIDS) and the sixth stage of grief, Canadian Overseas Petroleum (COPL), at about stage 4, Cineworld (CINE) and more proof that the FCA is useless and finally Alba Minerals (ALBA) and its Welsh pump and dump.- By Tom Winnifrith |
- 5 July 2023, 15:14 |
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A suggestion for Lyin’ James Draper as I like to be helpful
I described earlier how a group of malcontent shareholders in Bidstack (BIDS) are endeavouring to have three directors and possibly the chairman removed and to replace them with the lead malcontent Nick Hargrave. I think their cause is futile but should you really back Mr. Hargrave? I have a helpful tip for Lyin’ James Draper, Bidstack’s useless boss, on how he can fight back.- By Tom Winnifrith |
- 5 July 2023, 14:40 |
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Canadian Overseas – more death spiral conversions at a loss: can you see the writing on the wall yet trolls & morons?
Clearly, holders of the remaining $25.8 million of outstanding death spiral bonds are desperate to get out at any price to reduce their exposure to Canadian Overseas Petroleum (COPL),a company teetering on the bring of insolvency. Today there is news of more conversions at a level where the forward sold shares cannot surely be sold at a profit?- By Tom Winnifrith |
- 5 July 2023, 14:08 |
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Eneraqua Technologies – “the current year is progressing as expected”… but that’s not as expected little more than six weeks ago!
Energy and water efficiency company Eneraqua Technologies (ETP) has issued an “AGM Update” commencing that “the current year is progressing as expected with a high level of activity”. This is stated with Energy business “mix and timing of projects has been as anticipated” and Water business “Control Flow technology continues to make good progress”. The shares have currently responded up to 137.5p, but what of them still being significantly down from above 270p as recently as May?- By Steve Moore |
- 5 July 2023, 13:45 |
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#BoycottMetroBank – its “values” are nauseating and its Orwellian approach to free speech despicable
If I had had surgery when I was a kid to help me be what I wanted to be and thought I was, I would today have only one leg and one eye. I would not be a proper pirate but I could at least identify as Long John Silver. These days some folks think kids should have whatever they want to help them be what they want. If they want to “transition” so they can change gender it is fine to pump them with chemicals and start snipping here and there. So what if 25% of folks who do transition regret it and what to change back, lets pump the teenagers full of hormones. Do you think this is repulsive, I do. But dare I say that?- By Tom Winnifrith |
- 5 July 2023, 12:20 |