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Aferian – trading update, is it really continuing to execute on improvements?
B2B video streaming technology company Aferian (AFRN) has announced that trading has finished its year “in line with the board's expectations… Net cash at 30 November 2022 is expected to be slightly ahead of expectations at $4m, following better than expected cash collection from customers… Our results demonstrate that we continue to execute on improving our software and annualised recurring revenue growth”. So what of a current 95p share price, comparing to above 130p as recently as October?- By Steve Moore |
- 8 December 2022, 16:21 |
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I'm not a fan of Coro Energy or its management, but if there is any truth in the rumours about assets in Baluchistan it has speculative potential
Looking at the assets which are held by Coro Energy (CORO) and the involvement of James Parsons as executive chairman, it would be easy to quickly dismiss it and move onto something in the oil and gas sector with more potential.- By Gary Newman |
- 8 December 2022, 14:58 |
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Seraphine – interims argue “Resilience against difficult economic backdrop”. Really?
Describing itself as an “international digitally led maternity and nursing wear brand”, Seraphine Group (BUMP) has announced results for its half-year ended 2nd October 2022 emphasising “Resilience against difficult economic backdrop”. How resilient?- By Steve Moore |
- 8 December 2022, 14:57 |
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In The Style Group – argues “considerable potential”, so what of the CEO’s swift exit and the strategic review?
In September I noted group describing itself as a “disruptive and inclusive digital womenswear fashion brand”, In The Style (ITS) argued “significant progress against several of the strategic priorities” but I questioned what about the still diminishing cash though?!. That was with the shares at circa 26.5p, so what of a now 13.625p share price after further announcements today?
- By Steve Moore |
- 8 December 2022, 12:30 |
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I remain a fanboy of DS Smith after its first half numbers today
I know that the world of corrugated box packaging and the like is not very interesting, but if you want to hold a FTSE 100 company in your pension fund portfolio which is not a commodities name you could do a lot worse than DS Smith (SMDS). I last loved up the stock a couple of months ago when the price was c. 265p a share. As I write this morning it is nearer 320p a share, so I hope you purchased a few back then. But if you didn’t don’t worry, I believe the stock is still cheap.
- By Chris Bailey |
- 8 December 2022, 10:39 |
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Neill Ricketts is the real victim of the collapse of Versarien, says .... Neill Ricketts
Shares in Versarien (VRS) now linger at just over 10p. Just over four years ago they were 182p. Some folks have lost 94% of their money. Many more who believed the promises of jam tomorrow and the outright deceit of boss Neill Ricketts, a man who himself is the largest shareholder having invested a paltry £4,000 for his shares. He has taken out millions in salary, bonuses ( for what FFS?) and by dumping shares as he urged others to buy. So who does Neill Ricketts say is the real victim here? Guess...- By Tom Winnifrith, the Sheriff of AIM |
- 8 December 2022, 10:02 |
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I know it's Edison but a scotching of Kefi doing a placing rumour and a valuation that says shares should treble (or more)
These days he goes by the name Lord Ashbourne but I shall always know Edison's mining analyst as the convicted felon Charlie Gibson. Anyhow yesterday he was not thrashing some peasant for being a dirty oik or driving while sloshed but instead penning a note on Kefi Gold & Copper (KEFI). Of course Kefi pays for this research but that makes its steer on a placing all the more relevant. No it is NOT doing one right now as I keep being told by folks who will not accept a slam dunk denial from 'arry Adams.
- By Tom Winnifrith |
- 8 December 2022, 08:37 |
Tissue Regenix – “product launch” & “distribution agreement”, ramptastic?
Regenerative medical device company Tissue Regenix (TRX) states “following the successful launch of VNEW with ARMS Medical in September 2021, we are very pleased to be continuing our partnership and launching the VNEW Fascia Lata allograft for surgical procedures to support tissue”. So what of a share price response slightly lower to 0.575p?- By Steve Moore |
- 7 December 2022, 17:18 |
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Tom Winnifrith Bearcast: On Day 1 of the olive harvest, a challenge for loathsome Neill Ricketts but is he man enough?
It is day one of the harvest and feeling rather wet and very tired I explain a bit of what has gone on. Then it is onto Versarien (VRS), Chill Brands (CHLL) and musicMagpie (MMAG) two of which I expect to go bust in 2023.- By Tom Winnifrith |
- 7 December 2022, 16:27 |
Quiz plc – interims, still ‘very encouraging’ or not?
‘Occasion wear and dressy casual wear’ fashion company Quiz plc (QUIZ) has announced results for its half-year ended 30th September 2022, arguing its performance “reflecting the appeal of our differentiated and value brand”. So what of a currently edged up to 17p share price, above £21 million market cap?- By Steve Moore |
- 7 December 2022, 16:19 |
Carclo – already anticipating ‘limited headroom on its interest cover covenant’, now a contract cancellation!
A “Contract Cancellation” announcement from Carclo (CAR), which includes that the contract was “expected to deliver incremental sales of between £10m and £15m annually for the life of the contract with the board's most recent expectation being that production volumes would start building from the last quarter of the current financial year”. So what of a current share price response down approaching 9% at 13p, a £9.5 million market cap?- By Steve Moore |
- 7 December 2022, 14:04 |
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Zamaz – a deep dive into accounts reveals major issues
The year end accounts for Zamaz (ZAMZ) are now available so I have taken a look at the more detailed information and it just highlights just what a poor-quality business Zamaz is. I have grouped the findings under a number of themes.- By Tom Winnifrith |
- 7 December 2022, 12:00 |
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Alpha Growth – buys another sub scale life insurance company: questions, questions
Another deal more questions. Alpha Growth (ALGW) announced the completion of its purchase of Old Mutual International (Guernsey) Ltd which was initially announced on 24 March 2022.- By Tom Winnifrith |
- 7 December 2022, 11:56 |
IXICO – “a strong set of financial results”, Really?
Medical analytics company IXICO plc (IXI) has announced what it emphasises as “a strong set of financial results… strong balance sheet supports the execution of our renewed five-year strategic plan”. So what of a share price response currently approaching 6% lower at 27.5p, to give a £13.2 million market cap?- By Steve Moore |
- 7 December 2022, 11:21 |
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The comedy continues at Moonpig Group
Before we get onto the continuing comedy at Moonpig (MOON), some good news out today for GSK (GSK) and Haleon (HLN) shareholders with some observations about the Zantac (ranitidine) litigation which has hassled both the latter two shares over the last few months.- By Chris Bailey |
- 7 December 2022, 09:32 |
Hiring Out Gear Is Ashtead's Game and it could Attract Big Business from a Beleaguered Building Trade
Hello Share Fans. Over the years the big tool-renter Ashtead Group (AHT) has been a big money spinner for me. Though a few years ago, I took the view that what goes up usually always comes down. So I sold the lot. Needless to say, that folly sparked yet another rally. I’m still shy of the shares, though. For the same reason: that good things don’t last forever. However, the firm’s latest numbers look to prove me wrong yet again.- By Malcolm Stacey |
- 7 December 2022, 08:17 |
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Scirocco Energy – Ruvuma Update……..And Delay!
Having previously guided that the hotly disputed disposal of its Ruvuma asset interest would complete by calendar year-end, AIM-listed Scirocco Energy (SCIR) has now updated that it considers it is more likely to complete in Q1 2023. So a likely delay.- By Nigel Somerville, the Deputy Sheriff of AIM |
- 6 December 2022, 17:00 |
Time Out Group – full-year results, “positioned for further profitable growth”, Really?
Previously writing on Time Out Group (TMO), in August I noted short-term loan facility, how’s that balance sheet set then?. Today the “global media and hospitality business” has announced results for its year ended 30th June 2022, headlined “Positioned for further profitable growth and back on pre-pandemic trajectory”. Is it?
- By Steve Moore |
- 6 December 2022, 16:25 |
Victorian Plumbing – full-year results, how’s the “growth journey” now?
Online bathroom retailer Victorian Plumbing (VIC) has announced results for its year-ended 30th September 2022 emphasising “Results ahead of expectations, with H2 revenue growth as the Group demonstrates continued trading momentum and further market share gains, supported by a robust balance sheet… Board proposes maiden ordinary full year dividend of 1.1p and an additional special dividend of 1.7p”. Good news then?
- By Steve Moore |
- 6 December 2022, 15:00 |
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Tom Winnifrith Bearcast: Revolted by Clem Chambers ex ADVFN
Recorded on the hoof before I fly to Greece, this Bearcast covers the open offer at ADVFN (AFN) and what new management must do to deal with the revolting greed, reward for failure and disgraceful behaviour of ex-boss Clem Chambers and his gophers. It is truly nauseating.- By Tom Winnifrith |
- 6 December 2022, 13:05 |