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David Beckham’s Cellular Goods Merger off – its now a full on cash crisis
The proposed RTO with Cannary Limited never made sense. Cannary – as fronted on nauseating TV ads with Claudia Winkleman – had a horrible balance sheet with huge liabilities and is burning cash. Cellular Goods (CBX) has cash ( £4.37 million at August 31) but spunked it at £500,000 a month last year. So this proposed deal was like two drunks propping each other up. But now the transaction announced on 26 September is OFF. What next?- By Tom Winnifrith |
- 8 February 2023, 09:01 |
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Versarien – bad rumours from the USA
You thought that the savage redundancy programme at cash strapped Versarien (VRS) was all done and dusted? Perhaps it is time to think again. Rumours are arriving from the USA.- By Tom Winnifrith, the Sheriff of AIM |
- 8 February 2023, 08:25 |
Compelling Is a Strong Word but could it Approach being Appropriate for the Big Oilers?
Hello share clinkers. This old punter rather mistrusts the word ‘compelling’. A lot of analysts like to say that one stock or another is compelling. But, of course, every recommendation has some arguments against buying. And the more reputable among our fraternity will raise the obstacles to success as well as the good points.- By Malcolm Stacey |
- 8 February 2023, 08:10 |
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Tom Winnifrith Bearcast: The economic illiteracy of the political class: BP and its $27.6 billion profit
The tweet below is from Labour shadow chancellor Rachel Reeves but I also cite Lib Dem leader Ed Davey for spouting equal tosh this morning. I start with BP (BP.) and windfall taxes. Then it is onto Tintra (TNT) with two more bombshell exposes today. My target price here is now officially 0p. Then it is onto another Dominic White, of the fraud Supply@ME Capital (SYME) infamy, MaxRets Ventures (MAX). En passant I mention DeepVerge (DVRG).- By Tom Winnifrith |
- 7 February 2023, 14:45 |
IXICO – next year “expects to achieve double digit revenue growth”, but what about this year and the bottom-line?
Medical analytics company IXICO plc (IXI) has issued a trading update commencing that it “reconfirms its revenue expectations of £7 million for the year to 30 September 2023 and announces that it now expects to achieve double digit revenue growth in the year to 30 September 2024”. So what of this currently helping the shares up to 26.5p?- By Steve Moore |
- 7 February 2023, 14:45 |
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GOTCHA! Tintra: – the hidden multi million profit not recorded in Tintra Acquisitions accounts, time for HMRC to intervene?
Whilst we wait for Richard Shearer to respond to our questions posed in 4 exposes since Saturday or for AIM Regulation to show it gives a f*ck about maintaining an honest and orderly market, I present evidence that the Tintra Acquisitions Limited company number 13236378 is the relevant entity referred to in Tintra Plc RNS announcements. Maybe I should grass Shearer up to HMRC?- By Tom Winnifrith, the Sheriff of AIM |
- 7 February 2023, 13:09 |
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Gabriel Grego calls out Darktrace CEO share buy for the spoooooooooooooof that it is
In the wake of Gabriel Grego’s superb expose on Darktrace (DARK ), HERE, CEO Poppy Gustafsson made great play, as part of her range of responses, in buying 48,000 shares. But that was a spoof as Gabriel pointed out on twitter yesterday:- By Tom Winnifrith |
- 7 February 2023, 11:46 |
SmartSpace Software – emphasises “cashflow breakeven”, but is even that sustainable?
‘Smart’ buildings and commercial spaces software company SmartSpace (SMRT) has issued a trading update stating that it is “pleased to confirm that results for the full year ending 31 January 2023 are either in line or ahead of market expectations across our key metrics”. So what of a share price response currently up to 48p?- By Steve Moore |
- 7 February 2023, 11:38 |
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Housebuilder chat is tomorrow, but today I talk about brokers (and specifically Numis)
I will talk more about the housebuilders tomorrow after the publication of an update from Barratt Developments (BDEV), whose shares I am not particularly surprised to see are up 11% so far this year but down 25% over the last twelve months. Meanwhile, I see the latest Halifax update is rambling on about that it is “expected that the squeeze on household incomes from the rising cost of living and higher interest rates would lead to a slower housing market, particularly compared to the rapid growth of recent years”. Hardly surprising…and today I want to talk about something different: current trading at the “independent institutional stockbroker and corporate advisor” Numis (NUM).- By Chris Bailey |
- 7 February 2023, 10:09 |
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Exposé No 4 in 4 days: Tintra — what on earth is going on with St Daniel House and Tintra Acquisitions?
AIM Regulation and Nomad Allenby appear not to care about the three exposes of Tintra (TNT) published here in recent days. So here is a fourth showing what a sewer AIM has become. St Daniel House, a former subsidiary of Tintra Plc is massively insolvent and owes former customers £1,467,511 and is effectively looking to offload these liabilities from the Tintra Plc group.- By Tom Winnifrith, the Sheriff of AIM |
- 7 February 2023, 08:29 |
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Essentra – proposed special dividend and share buyback, Buy
Essentra (ESNT) has now announced how it intends to structure a previously noted £150 million return to shareholders following the disposals of its Filters and Packaging divisions to focus on being a leading global manufacturer and distributor of components.- By Tom Winnifrith & Steve Moore |
- 7 February 2023, 08:22 |
SEEEN plc – emphasises “significant customer win” and “confident”. What about that cash burn?
SEEEN plc (SEEN) has issued a “Trading Update, Customer Win and Board Change” announcement including emphasising “a significant customer win expected to be worth approximately $1m in annual revenues, which reinforces how SEEEN's Key Video Moments technology positions it well to benefit from a shift in emphasis for all Multi Channel Networks driven by YouTube”. So what of a muted share price response to 5.75p, a £5.4 million market cap?- By Steve Moore |
- 7 February 2023, 08:21 |
Another tweet that has not aged well - Gerry "the pustule" Brandon of Deepverge trolling me
On November 27 2020 shares in Deepverge (DVRG) traded at 27.5p and I challenged the company on its ropy accounts and over-optimistic trading statements. The CEO Gerry Brandon took to twitter to say that I did not understand accounts. He aggressively trolled and insulted me. I replied but in the end did block him. The shares are now 1.75p, Brandon was forced to walk the plank, the trading performance has been dire and even former advisers admit that he broke AIM rules. As such the tweet below has aged badly.- By Tom Winnifrith, the Sheriff of AIM |
- 7 February 2023, 08:01 |
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Paul Jourdan, Evil Banksta and Cathal Friel join the ShareStock line-up
It is still 230 days to ShareStock, the shares festival held in a tent on an elevated lawn here at my family’s farmhouse here in Wales on the banks of the River Dee, just a few miles from Chester. Yet we can now announce (almost) the complete speaker line-up.- By Tom Winnifrith |
- 6 February 2023, 15:30 |
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EKF Diagnostics – argues remains positive of capacity expansion “significant benefit”... but not sufficiently for the CEO to remain in situ?!
EKF Diagnostics (EKF) has issued a “trading update” – it stating “reflecting strong growth in the core established business… also gives a progress update on the expansion of the Life Sciences enzyme fermentation business and on the transition of Contract Manufacturing & Laboratory Testing into non-COVID revenues”. So what of a share price response to currently 32.6p, approaching 17% lower?- By Steve Moore |
- 6 February 2023, 15:30 |
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Tintra – was the loss in January 2022 accounts understated by almost £600,000?
Tintra (TNT) is, following exposes HERE and HERE, now drowning in more red flags than one might see on a May Day parade in Moscow. But it gets worse, far worse.- By Tom Winnifrith, the Sheriff of AIM |
- 6 February 2023, 14:19 |
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Tom Winnifrith Bearcast: Manchester City should suffer a Saracens+ penalty and here is why
I start with Manchester City and then move onto Tintra (TNT) where i a am now working on a 3rd exposé in three days. It has all the hallmarks of a zero and regulators need to step in. In the same vein I discuss Caracal Gold (GCAT) amid a dash for trash. Then it is onto HUI (HUI) and Powerhouse (PHE) and finally I discuss Vast Resources (VAST) where - as I warned a placing dump followed the Zim diamond pump. This will not be the last bailout placing.- By Tom Winnifrith |
- 6 February 2023, 13:50 |
Engage XR – fundraise (discounted, natch) “to capitalise on the momentum of its ENGAGE platform”. Really?
Previously writing on Engage XR (EXR), two weeks ago with it describing itself as “a leading metaverse technology company”, I concluded to be particularly wary of announcements such as its latest “showcases first AI-powered virtual employee”. Now a “pleased to announce… placing”. Quelle surprise!
- By Steve Moore |
- 6 February 2023, 13:49 |
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NEW BOMBSHELL EXPOSE: Tintra – what is going on with Tintra 3.0
Following my bombshell revelations around Tintra Acquisitions on Saturday which AIM Regulation has confirmed to me that it is now looking into, there is a new massive red flag to hoist. If anyone cannot see how Tintra (TNT) stinks and is uninvestable, they need to get a guide dog and a white stick pronto.- By Tom Winnifrith, the Sheriff of AIM |
- 6 February 2023, 11:40 |
ShareProphets readers tips for 2023 prize competition – first month update
Having asked for readers tips for 2023 for the prize of 1/2 litre of Tom Winnifrith's Greek Hovel olive oil (2023 harvest) HERE, the following is the first of the monthly updates (to be eligible needed to have selected, on a once per username basis, a buy & sell pick from the LSE, AIM casino or Aquis lobster pot and the stocks not to have been suspended at the commencement of 2023).
- By Steve Moore |
- 6 February 2023, 10:05 |