Marks and Sparks Could Face a Bright New Year with Pensioner Spending Power Not as Grim as it Seems
Hello Share Chewers. Many years ago now Marks & Spencer (MKS) was an alluring share. Decent dividends and a steadily rising price graph. I sold my holding when the shares attained about 340p. Good job I did because nowadays the company’s shares have struggled for years and are currently at only 141p. But a few happy recent trips to M&S move me to consider buying back in.- By Malcolm Stacey |
- 11 January 2023, 08:14 |
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Essentra – 2022 pre-close trading update, still a relatively lower-risk Buy?
Essentra (ESNT) has issued a full year 2022 pre-close trading update including that its “resilience is supported by its breadth of customers, market categories, geographies and acquisition momentum” and confirming an intention to return approximately £150 million to shareholders this quarter. So what of a current 218p share price?- By Tom Winnifrith & Steve Moore |
- 10 January 2023, 16:57 |
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Sosandar – argues ‘pleasing’ third quarter, but how pleased should it be?
Women's fashion brand company Sosandar (SOS) states that it “is pleased to provide” a trading update covering the three month period ended 31st December 2022 but the shares have currently responded just over 2% lower to 21.5p. So how ‘pleasing’ is the update?- By Steve Moore |
- 10 January 2023, 16:27 |
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Tom Winnifrith Bearcast: if Nanosynth was US listed its directors & advisors would be getting an SEC collar feel
I dropped my two year old off at school for the first time today. I am sure every parent knows that moment well. I move from that onto Nanosynth (NNN), a scandal for all concerned where my warnings have been 100% vindicated today. So its ouzo there but also at Canadian Overseas Petroleum (COPL). I look in detail at Eden Research (EDEN) and cover Anglesey Mining (AYM) and Trevor Brown's POS Braveheart (BRH)- By Tom Winnifrith |
- 10 January 2023, 14:50 |
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Tap Global IPO – You is 'avin' a Turkish: this is a truly mad valuation even by the standards of shitcoin
I today asked the advisers to Tap Global (TAP) which joined the Aquis lobster pot today via a reversal into Quetzal Capital to justify why Tap was worth £20.5 million and 4.5p and the enlarged group worth £32.2 million. There has been no answer. Why? Because even by the standards of shitcoin and crypto-shite this valuation is bonkers. It’s a car crash in the making and shames all involved.- By Tom Winnifrith |
- 10 January 2023, 13:41 |
Hornby – “behind budget” and is “confidence in consumer spending” likely to remain?
Previously writing on models and collectibles company Hornby (HRN), in April with the shares up to 34.5p I continued to avoid noting it looks to remain that the valuation demands some strong growth in profitability. The shares last closed at 29p and are currently further down to 24p, so what about a latest “trading statement”?
- By Steve Moore |
- 10 January 2023, 13:37 |
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Canadian Overseas Petroleum – Letter to FCA as disclosure rules broken again, does anyone care?
Not for the first time I find myself writing to the FCA as the regulator, no sniggering at the back, of the Standard List. And not for the first time it is about Canadian Overseas Petroleum Limited (COPL) which appears to be in terrible financial trouble and is now, apparently, breaking listing rules. This company’s shares should be suspended at once pending a statement. The letter is below.- By Tom Winnifrith |
- 10 January 2023, 12:45 |
Hostmore – “trading update and board change”, how effective currently is its “elevating our positioning”?
Previously writing on 'Fridays' (formerly TGI Fridays), '63rd+1st', and 'Fridays and Go' restaurants and bars company Hostmore (MORE), in November with the shares at 15.245p I questioned how effective its “elevating our positioning” is going to be against current headwinds. Today a “Trading Update and Board Change” announcement… and the shares currently slumping from a last close above 14p to below 11.5p, so what’s the detail?
- By Steve Moore |
- 10 January 2023, 12:44 |
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EXPOSE: Canadian Overseas Petroleum - once again hiding the grim truth from its shareholders
Last year ShareProphets highlighted how standard listed Canadian Overseas Petroleum Limited (COPL) had defaulted on its main credit agreement but then raised $8 million of fresh equity at 20p a share without revealing the default to prospective investors. Canadian hid the default for four months before it finally published its annual accounts and buried the details of the default in the notes.- By Evil Banksta |
- 10 January 2023, 12:19 |
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A surprise at AO World and management change at SIG plc
I was a bit surprised to read from AO World (AO.) today that “the Board now expects Adjusted EBITDA to be in a range of £30m to £40m for the full year, ahead of our previous guidance”. Congratulations to it, with (apparently) “the actions taken by the business to reduce costs and improve margins” helping push the shares up by 5% today as I write.- By Chris Bailey |
- 10 January 2023, 10:27 |
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EXPOSE: Julie "Lingerie on Expenses" Meyer caught lying again, does the High Court and FCA know about this?
Julie "Lingerie on Expenses" Meyer, does not appear to have turned over a new leaf at the start of 2023 as the filing made at Companies House on January 3 which is below, appears to show. Meyer kicks off 2023 by lying.- By Tom Winnifrith |
- 10 January 2023, 08:15 |
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Tom Winnifrith Bearcast - a long term investment I shall never see, its for Joshua and will probably fail
I start with that investment c/o my pal Dave from Chester Zoo, Then I look at Eurasia Mining (EUO), Okyo Pharma (OKYO), Eden Research (EDEN), Nanoco (NAN) - which I may have misnamed in the podcast - Cellular Goods (CBX) and Frontier Developments (FDEV). Tomorrow I have a Julie "Lingerie on Expenses" Meyer treat for you all. It seems she has been a naughty girl (again).- By Tom Winnifrith |
- 9 January 2023, 17:12 |
Osirium Technologies – “full year trading update”, argues “progress” but what about the cash flow?
Describing itself as “a leading vendor of cloud-based cybersecurity software”, Osirium Technologies (OSI) “is pleased to announce… bookings and revenue for the 12 months to 31 December 2022… in line with recently upgraded market expectations”and that it “approach 2023 with confidence in the group's growth prospects”, so what of a current 3.8p share price?- By Steve Moore |
- 9 January 2023, 16:23 |
Devolver Digital – “trading update”, does it remain an AIM IPO Roll-Call of Shame?
Describing itself as “an award-winning digital publisher and developer of indie video games”, Devolver Digital (DEVO) commences a “trading update” with to “expect FY2022 revenue to be within the range of guidance set in June 2022, with strong year-on-year revenue growth from continuing operations of greater than 30%” and also states that its “pipeline for 2023 is healthy and diverse in terms of titles, developers, platforms and geography”. Sounds good…so why currently a more than 12% share price fall in response, to 55.5p?- By Steve Moore |
- 9 January 2023, 15:09 |
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BREAKING EXCLUSIVE: Boatman Capital letter to BDO re "Independent" review of Home REIT
Shares in Home REIT (HOME) are now suspended at the company's request despite it insisting that allegations made by Viceroy Research and Boatman Capital are groundless. BDO London is now investigating those (groundless) allegations as part of its audit. Boatman has now written to BDO flagging up some new areas of concern. The letter is below. Ouch!!!!- By Tom Winnifrith |
- 9 January 2023, 13:56 |
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Durban Holdings & David Beckham promoted Cellular Goods – why Bixby & Edwards are still making profits dumping stock at 0.7p
At the time of the IPO of David Beckham promoted CBD play Cellular Goods (CBX) in late 2021, the chancers Mike Edwards and Jonathan Bixby held 31% of the equity. Today they are at sub 7.7% and are still dumping. Soon they will be out. But with the IPO at 5p why are they selling at 0.7p and lower? Some, it appears, are more equal than others.- By Tom Winnifrith |
- 9 January 2023, 13:25 |
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BREAKING: Versarien, a list of those who got P45s for Christmas and the obvious questions vile Neill Ricketts is refusing to answer!.
I can now reveal a near full list of those staff at Versarien (VRS) given P45s for Christmas by loathsome Neill Ricketts. They are now all, apparently on gardening leave, so not working but still on a notice period so the cash savings will not kick in until late March or later. Those made redundant include some heavy hitters so this list begs big questions.- By Tom Winnifrith, the Sheriff of AIM |
- 9 January 2023, 13:03 |
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Frontier Developments – “no longer expects to achieve the FY23 market consensus forecasts” (even after our noted previous downgrades to the forecasts!)
Previously writing on videogames developer and publisher Frontier Developments (FDEV) just over a year ago I concluded, even as the share price fell towards 1300p, that noted performance and guidance supported continued caution. The shares last closed at 999p and today a “Trading Update and Notice of Results”. This commences including that the company “expects to report revenue for H1 FY23 of approximately £57 million (H1 FY22: £49.1 million)”. Good news then?
- By Steve Moore |
- 9 January 2023, 11:54 |
A big week for UK Christmas trading corporate insights ahead
I am looking forward to this week. Whilst I have no idea whether the weather will be good or bad, I do see a bunch of fascinating upcoming corporate comments and statements from Wednesday. The realities of Christmas trading will start to become apparent as well as a few hopes for FY23 earnings progress (or not).- By Chris Bailey |
- 9 January 2023, 11:49 |
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Tortilla Mexican Grill Trading statement – a mission to deceive
Tortilla Mexican Grill (MEX) claims to be “the largest and most successful fast-casual Mexican restaurant group in the UK”. Whatever. Having bought out its nearest rival from insolvency there is scant competition. And if its deceitful trading statement out today marks it as the “most successful” I’d hate to see what a failure looks like.- By Tom Winnifrith |
- 9 January 2023, 11:40 |