premium content
The fallen mighty: Two drunks propping each other up, Nomad and broker Cenkos merges with Finncap
It’s all an all share merger of equals, each side getting 50% of the enlarged equity, with every Cenkos shareholder getting 3.19420647 New FinnCap Shares for every one Cenkos held. A marriage of equals you say? That is to say two businesses that have been equally disastrous investments. Merge two bad companies and what do you get?- By Tom Winnifrith, the Sheriff of AIM |
- 23 March 2023, 11:11 |
premium content
Versarien AGM & share issuance power, it really is screwed
The AGM of Versarien (VRS) will be held on 29 March, just 6 days time in Gloucester. If there was anything good to say, chairwoman Diane Savory would be giving a long talk. But there will be nothing to say so we will not be told if odious ex CEO Neill Ricketts has been paid off and if he has, at what cost. Critically you can bet the ranch that Versarien will not ‘fess up how little cash it has left. Put it this way…- By Tom Winnifrith, the Sheriff of AIM |
- 23 March 2023, 10:01 |
premium content
Amigo – the bears are on the pitch, they think it’s all over…it is now!
We bears, well all of us apart from Simon Cawkwell, aka Evil Knievil, have been ready to celebrate the demise of loan shark Amigo (AMGO) for so, so long. Today comes that ouzo moment, Amigo (AMGO) itself admitting that shareholders will lose everything. It is a zero. It is official.- By Tom Winnifrith |
- 23 March 2023, 08:13 |
premium content
Tom Winnifrith Bearcast: I just don't understand what Malcolm sees in Blackbird?
I start with more ranting about Beechwood Nurseries. Then it is on to: Kefi Gold & Copper (KEFI) - more blood pressure issues - the Silverwood (SLWD), VSA (VSA), Andrew Monk and Lush scandal, Wildcat Petroleum (WCAT) MGC Pharmaceutics (MXC), Fevertree (FEVR) and then Malcolm's strange love affair with Blackbird (BIRD) which I cannot fathom at all.- By Tom Winnifrith |
- 22 March 2023, 15:43 |
Mpac – 2022 results, how “encouraging” really are they and the outlook?
Previously writing on packaging and automation group Mpac (MPAC), in January I retained caution despite it arguing ‘in line with expectations and encouraging outlook’ and the shares responding up by more than 10% to 282.5p. The shares most recently closed at 280p and now results for the 2022 calendar year.
- By Steve Moore |
- 22 March 2023, 15:39 |
premium content
Fevertree – its all about cash for me
The market seems to like today’s full year numbers from FeverTree (FEVR) but then expectations had already been muted. Under-promise and over deliver as the old adage goes. Me? I am an old fashioned sort of chap who does not like companies funding not only their entire ordinary dividend but also a special not from earnings but simply by running down cash. Is that long term smart in this uncertain world?- By Tom Winnifrith |
- 22 March 2023, 14:30 |
premium content
Capital – 2022 full-year results, a growth and value Buy
Mining services company Capital (CAPD) has announced results for the 2022 calendar year and that “tendering activity across all business units remains robust, with a number of opportunities progressing”.- By HotStockRockets |
- 22 March 2023, 12:44 |
premium content
Jubilee Metals – some interims disappointment, but improvement from here?
Jubilee Metals (JLP) has announced results for its half-year ended 31st December 2022, noting impact from South Africa and Zambia power outages and water disruptions but arguing that it has now taken actions to address these.- By Tom Winnifrith & Steve Moore |
- 22 March 2023, 12:25 |
premium content
Superdry – argues agreement “a fantastic opportunity to expand its global reach”, but just how “challenging” is the consumer landscape for it?!
Branded clothing, accessories and footwear company Superdry (SDRY) “is pleased to announce that it has signed an IP Transfer Agreement with Cowell Fashion Company Ltd… for the sale of Superdry’s intellectual property assets in certain countries within the Asia Pacific region, for an upfront fee of $50 million USD, payable in cash”. With Superdry’s market cap below £90 million prior to this announcement, is it good news?- By Steve Moore |
- 22 March 2023, 12:15 |
premium content
BREAKING: The £216.8m Lush scandal: Silverwood Brands – advised by Andrew Monk’s VSA Capital: has it twice breached the Companies Act
The FCA and Aquis Regulation are already investigating this scandal and so, with a hat Tip to in-house BB genius PL, I post the question as to whether on two counts, VSA Capital’s (VSA) star client Silverwood Brands (SLWD) has twice breached the Companies Act. If it has, surely VSA’s CEO Andrew “have I mentioned that I went to Oriel College Oxford, Monk needs to issue a profits warning.- By Tom Winnifrith |
- 22 March 2023, 10:55 |
premium content
Anpario – “pleased to announce” results for 2022. Er, it sure about that?!
Previously writing on manufacturer of natural sustainable animal feed additives Anpario (ANP), in June with the shares down to 530p I concluded at least without a clearly improved outlook, Avoid. The shares last closed at 310p and are currently materially further lower today on the back of stated “pleased to announce” results for the 2022 calendar year!?
- By Steve Moore |
- 22 March 2023, 10:38 |
premium content
Wildcat Petroleum and Ross Andrews of Guild Financial Advisory – Letter to the FCA
On Friday 17 March 2023 Wildcat Petroleum (WCAT) of the Standard List sewer published its half year numbers. On Saturday in two articles HERE and HERE I detailed the EIGHT material errors within those statements which meant the P&L, balance sheet and cashflow statement were all wrong. I alerted advisor Ross Andrews to those articles on Saturday morning suggesting a Monday morning restatement was needed.- By Tom Winnifrith |
- 22 March 2023, 09:17 |
Quarry King with its Finger in Loads of Construction Pies Looks Set to Build its Share Price
Hello Share Chasers. When you’re building, you need heavy materials. A company that supplies them is Breedon (BREE). From its quarries come essential construction materials that help build homes, workplaces, and leisure spaces.- By Malcolm Stacey |
- 22 March 2023, 08:10 |
premium content
Tom Winnifrith Bearcast: Time for Eurasia to come clean on cash crisis, lack of bid and placing situation
In today's podcast I look at Optibiotix (OPTI), Eurasia Mining (EUA), Jubilee Metals (JLP), Caracal Gold (GCAT), British Honey (BHC), Canadian Overseas Petroleum (COPL), Genedrive (GDR) and Oxford Nanopore (ONT)- By Tom Winnifrith |
- 21 March 2023, 16:00 |
premium content
Wood Group – Takeover Panel extension, including “following engagement with shareholders”
Wood Group (WG.) has announced that it has requested and been granted an extension from the Takeover Panel until 5pm on 19th April for Apollo to announce a firm intention to make an offer or not.- By Tom Winnifrith & Steve Moore |
- 21 March 2023, 15:57 |
Actual Experience – “Significant UK Central Government Contract” announcement, attempted ramptastic?
‘Analytics-as-a-service’ provider Actual Experience (ACT) emphasises a “Significant UK Central Government Contract”, secured in conjunction with partner Vodafone, and the shares have currently responded up to 1.125p. Though what’s the detail?- By Steve Moore |
- 21 March 2023, 15:39 |
Video: The World is Functionally Bankrupt
Gold bugs will enjoy this podcast. Writer Robert Moriarty explains where the money is really coming from to bail out the recent failures in the banking system, noting that the $200 billion figure has ballooned to $2 trillion. Bob says that the Federal Reserve has effectively committed to printing $2 trillion in a week, which is unprecedented.- By Tom Winnifrith |
- 21 March 2023, 14:03 |
premium content
Kingfisher keeps believing in a “resilience of home improvement”
I learnt earlier today via the management of Kingfisher plc (KGF), the “international home improvement company with over 1,900 stores, supported by a team of 82,000 colleagues” (and listed in the FTSE 100), that a recent survey it took “highlight resilience of home improvement”. How wonderful, as apparently iffy comedy budgets a few months ago, higher interest rates, lower house prices and a touch of volatility in both the general economy and a few banks in the United States (and one in Switzerland) has apparently had little impact. We will just ignore then Kingfisher’s FY22 numbers today, with their underlying operating profits down 20% or so year-on-year and negative free cash flow…- By Chris Bailey |
- 21 March 2023, 13:58 |
premium content
Another Question for Andrew Monk about the £216.8 million Silverwood deal now under FCA scrutiny
Smug stockbroker Andrew Monk has, probably, today already several folks about his education at Oriel College Oxford but is yet to respond to the issue of him misleading the market with regard to revenue recognition re Silverwood Brands (SLWD) so here is another question for the Monkey.- By Tom Winnifrith |
- 21 March 2023, 13:48 |
premium content
Meli and Ouzo on my cornflakes – British Honey goes bust
Three years and five days after listing on the Aquis lobster pot after raising £4.25 million at 110p British Honey (BHC) has today gone bust and appointed administrators. I warned that it was “uninvestable” when the shares were 114p in October 2021. Today it is game over. As I consider honey and ouzo on my cornflakes, the list of warning signs were there for all to see. Natch folks knew better than Old Tom.- By Tom Winnifrith |
- 21 March 2023, 13:17 |