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TNT
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BREAKING EXPOSE Tintra – minimal development spend on IT in period to 31 July 2022: this makes no sense at all!

We continue the series of exposes which any sensible regulator would have acted on already. Luckily for Tintra (TNT) it is listed on the AIM sewer so the Oxymorons at AIM Regulation appear happy to do nothing. Tintra 3.0 Limited accounts for the period ended 31 May 2022 have now been filed at Companies House and were stated as being signed by Abdul Sajid, the Tintra CFO, on 3 February 2023. As described in extracts from Tintra RNS announcements of 24 November 2021 which announced the joint venture, Tintra 3.0 is a crucial part of Tintra Plc’s future business plan:
HOME
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BREAKING: Fraser Perring of Viceroy threatens defamation proceedings as Home Reit ‘fesses up & considers dodgy sale

It is ouzo time for Fraser Perring of Viceroy and for Boatman Capital. The bears look to be wholly vindicated as Home REIT (HOME) has fessed up to a collapsing business model and has put its rag bag assets up for sale. Indeed it has had one offer but that looks to be related party and shareholders should not expect to get much. This is a scandal and exactly why bear raiders are so needed. Shares in this company were almost 80p when Fraser published his dossier last November. The shares are now suspended at 38p and shareholders will be lucky to get pennies.
CNA
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Thank you, Centrica (and I was silly not to buy your shares in late 2021)

Whilst the world of Scottish politics dominated yesterday’s news, it will not be the lead story today as Centrica (CNA) has announced a big FY22 profit number and that has made a lot of people very grumpy. And there is no doubt that £3.2 billion of “upstream” gas, nuclear, storage and other energy actions akin to a Shell (SHEL) or a BP (BP.) is a good amount of money (and will be heavily taxed). Meanwhile, its British Gas, Dyno and Hive part of the business - which I am sure many of you use in your own home - made £94 million, a tiny return from a company with many millions of home users. But apparently Centrica has gone horribly wrong. I even saw somebody said today that it should be renationalised. Of course, this is all utter madness.
BOO
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Boohoo – industrial scale management greed or a spoof? Either one is ( again) the unacceptable face of capitalism

There is no evidence at all that management incentive plans actually incentivise management to work even harder or take even better decisions that reward shareholders. They are just a free one way bet for the fat cats. If you want a case study look at the 2019 and 2020 plans for Boohoo (BOO) bosses. Had the shares roofed it they would have coined it in without risking a penny. As it happens, despite all that “incentivisation” the shares, 408p back in 2020, have slumped to 49p today. So management need even more incentivisation right?
CHLL
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Chill Brands: Mad yes, Tasty no – pre bailout placing spoof

The last time we had a figure for the, rapidly falling, cash position at Chill Brands (CHLL) was 30 September when cash was £1.8 million after a £2.2 million loss in the six months prior. There were one offs in that period but you can do the maths. By the March 31 year end the cash will largely be gone and so yet another placing is on the way. So today a prize spoof.
CREO
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Creo Medical – proposed equity raise “to maintain momentum in the business”, well I suppose being able to continue trading is required for that!

“Medical device company focused on the emerging field of surgical endoscopy” Creo Medical (CREO) states that it “is pleased to announce a proposed fundraising by way of an accelerated bookbuild to raise a minimum of £25.0 million (net of expenses) via a conditional placing and subscription of new ordinary shares”. The share price has currently responded more than 18% lower, so how ‘pleased’ should the company be?
JWNG

Jaywing – argues “the pipeline of new business remains encouraging”, but what about its conversion?

‘Data science-powered’ marketing agency Jaywing (JWNG) commences a trading update today with that it “has continued to successfully implement cost saving measures” and “the pipeline of new business remains encouraging”. So what of a current 5.375p share price, down more than 20%?
SHG
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Shanta Gold – Singida construction on schedule for first production next month, Buy

Shanta Gold (SHG) has announced continued construction progress at the Singida project in Tanzania, with the mine, which is set to see the company become a 100,000 ounces per annum gold producer, on schedule for first production next month.
PIER
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Brighton Pier Group – trading statement, economic pressures biting?

Previously writing on Brighton Palace pier, Lightwater Valley adventure park, mini-golf and bars business Brighton Pier Group (PIER) in September I noted strong full-year results, but economic pressures now to bite?. So what of a latest trading statement?

Bearcast
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Tom Winnifrith Bearcast: Dicked around by the NHS, in real pain and going back to bed

Gosh I hate the incompetence of the overpaid poltroons at the NHS. I explain my latest setback and why I am going back to bed and am in pain. I apologise for a brief bearcast, normal service will, I hope, resume Thursday
Tumbleweed

Is Rachel Reeves the most economically illiterate politician in Britain?

The shadow chancellor does not seem to appreciate that she can only tax the profits of oil companies on their UK earnings and North Sea Operators already pay 75% tax. As the tweet below somehow she seems to think that adding to that tax will both cure inflation and slash fuel prices. I realise that there are many truly economically illiterate MPs, but this one could be Chancellor of the Exchequer by the end of next year.
HE1
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I'm not a fan of Helium One, but for those who want to buy for the next drill I'd expect an opportunity at a lower price in the coming months

It’s been over a year since I last took a look at Helium One (HE1), and during that time the shares have more than halved from the level where I flagged it as a company to avoid.
GATC
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Gattaca – “trading statement”, how ‘well placed’ is it proving to be?

“Specialist STEM staffing” company Gattaca (GATC) has issued a trading statement emphasising half-year “NFI expected to be £22.7m (H1 22: £21.6m)… expects to report statutory net cash at 31 January 2023 of £21m (31 July 2022: net cash of £12m)” and “the shortage of candidates plays to our key strength of deep knowledge and understanding of our sectors and niche skills”. So what of a current share price response to 77p, down 15%?!
CNS
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Corero CEO Lionel Chmilewsky is “resigned” – ahead of funding crisis what will his total 2022 screw and payoff be?

On 17th January, as Corero (CNS) buried yet another dire warning in a bullshit trading statement, I pondered what CEO Lionel Chmilewsky would be earning as his total screw for 2022. Today we are told that this fat cat value destroyer has “resigned to pursue other opportunities.” In truth he “was resigned”.
SND
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Sondrel – argues a “pleased to provide” update on trading and key milestones, so why the share price fall?

Describing itself as a “fabless semiconductor business providing turnkey services in the design and delivery of 'application specific integrated circuits' and 'system on chips' for leading global technology brands”, Sondrel (SND) states that it “is pleased to provide an update on trading for the financial year ended 31 December 2022, and key milestones achieved since the group's IPO in October 2022”. So why are the shares currently 10% lower at 54.5p in response, and now below the IPO price?
HL
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How much do you like being “nudged” by Hargreaves Lansdown?

As an investor, you have to accept that you will get some calls right and some calls wrong. I am glad that thirteen months ago, I exited my shares in Barclays (BARC) at north of two quid (as its latest set of numbers have not been taken well this morning). By contrast, I should have been braver and bought Dunelm (DNLM) after visiting its stores a few times over the last six months. What do I think then of Hargreaves Lansdown (HL.) shares after its latest set of numbers earlier today?

NEX

The Wheels on this Bus Go Round and Round and Up and Up could Go the Share Price

Hello Share Crazies. Share shifters like us might consider going on the bus – National Express (NEX) shares have taken a bit of knock and are now cheap in my humble view. Just look at the mess the railways are in, then consider how this helps bus travel seem more attractive. And rail fares here also seem pretty high.
ALT

Altitude Group – emphasises “materially ahead of current market expectations”, but how net cash generatively so?

Promotional products marketplace group Altitude (ALT) has announced that it “anticipates that FY23 trading will be materially ahead of current market expectations” and that it has “a reassuringly strong pipeline of opportunities... look forward to updating the market further in the forthcoming months and to the next financial year with great enthusiasm”. So what of a current more than 20% higher share price response to above 40p?
Bearcast
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Tom Winnifrith Bearcast - looking very grim for Kanabo, it is what it does not say today

In today's podcast I remind you to get something in for the special person or people (it is 2023) in your life. I look at Brian Basham's green spoof Net Zero Infrastructure (NZI), BlueJay Mining (JAY), Afentra (AET) and free speech on this site, 8000 for the Footsie and our obsession with round numbers, Okyo Pharma (OKYO) - spoofing on vapours - and Kanabo (KNB)
STG

Strip Tinning – having only listed a year ago, what of a latest share price fall?

Previously writing on company describing itself as “a leading supplier of specialist connection systems to the automotive sector” Strip Tinning (STG), in September with the shares rising to 75p I noted negative occurrences despite it only having listed that February and continued to avoid. The shares last closed at 65p and what of them now at 55p on the back of a “Pre-Close Trading Update”?

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