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Latest News

MADE

Made.com – another nail in the coffin: company talking to administrators yet?

I wonder how top brokers value Made.com (MADE) these days? Meanwhile back in the real world we have another nail in the coffin.

DVRG
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Deepverge raises £10-12.5m at 2p: everyone (apart from existing shareholders who are utterly screwed) is happy.

£10 million in a placing at 2p. Plus a broker offer raising up to £2.5 million more. Lovely Jubbly. Everybody connected with the POS Deepverge (DVRG) is happy, except shareholders who have, again, been royally screwed. As I oft predicted. So who are the winners on a day when Deepverge fessed up to yet another undeclared related party transaction involving Gerry “the arse” Brandon.

UJO

Union Jack Oil – spot the difference competition

With a hat tip to our own Gary Newman I bring you two screen shots from Union Jack Oil (UJO), the company run by journalist trolling David Bramhill. One was a statement it made after Liz Truss ended the fracking ban. The second is a tweet issued by the troll and his company after Rishi Sunak moved to re-ban fracking. Now can you spot the difference? As a tie break in case that proves too easy, in 100 words might you explain in the comments section below, why such commentary makes Mr Bramhill suitable to run a public lavatory let alone a public company?

DX
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DX Group – following two years corporate governance shambles, a Chairman change EGM notice

Writing on parcel freight, secure courier and logistics services group DX (DX.), last week with the shares at 24p I questioned two years corporate governance shambles “concluded” and that with also it still very much having to prove its corporate governance “progress” and also still without a CEO, I continued to avoid. Now a 20% shareholder in the group has announced it has served notice to convene an EGM to vote down Executive Chairman Ron Series and replace him with Mark Hammond.

Bearcast
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Tom Winnifrith Bearcast: a new share bought by my pension

I end the podcast discussing what it is and what my short and long term targets are and why. I start with Brent Hoberman and when we crossed swords first and why he is such a wanker. That was back in the days of Lastminute.com (LMC) and it showed me how the British establishment always looks after its own however much they screw up. Brent was the founder of Made.com (MADE) which I discuss. Then it is onto Union Jack (UJO), Angus Energy (ANGS), IGAS (IGAS) and Uk Oil & Gas (UKOG) and fracking. I look at Bezant Resources (BZT) as wretched Colin Bird prepares for his next bailout with all the usual ramping. Finally, TP Group (TPG)

RKT
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It remains wise to buy Reckitt Benckiser's product and, despite a fall today, its shares

I guess I have been a professional analyst and investor for the last twenty-six years, but obviously as a buy side and not a sell side operator. As I may have said before, I learnt early on that the more I could ignore brokers and do my own research, the better I would do. And that still remains my thought today as I still think, a bit like the academic world, the biggest risk is that you end up knowing more and more about less and less. And that brings us to today’s Q3 update from Reckitt Benckiser (RKT).

VINO

Virgin Wines – full-year results argue “resilience”… but it’s financial downgrades AGAIN

Online wine retailer Virgin Wines (VINO) has announced results for its year ended 1st July 2022, stating that it is “pleased to report the group's second set of annual results as a public company, following our admission to AIM in March 2021… looks to the future with confidence”. The shares have currently responded slightly higher to 50p, but that still compares to above 100p as recently as June.

MADE
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BREAKING: Now almost bankrupt Made.com lies to its customers (AGAIN) as it stops taking orders

Yesterday, Made.com (MADE) admitted that having failed to refinance and failed to find a trade buyer the game was almost up. What else would you expect from a company founded by blaggers and bluffers like Lastminute’s Brent Hoberman and Chloe Macintosh who is now pushing Kama, a sexual awakening app and which has booked a stonking loss in every year of its 11 year history. Millionaire banksters might not have seen this coming but I sure did.  Today the company had more news for investors as it AGAIN lied to its customers.

GENF
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Genflow Biosciences – time to interrogate the share register, is the convicted pump & dump fraudster still there?

With normal companies and normal investors, one assumes that if a big stockholder has been selling you will see a TR1. But in some cases you would be wrong for making such assumptions. You will remember that Genflow Bioscences (GENF) was created for the Standard list by convicted penny share pump and dump fraudster Ron Bauer and his “known associate” Adrian Beeston. After the IPO at 8p in January of this year family Beeston and Bauer held c20% of the equity. Today the shares slumped to just 1.9p

DMTR

DeepMatter – a “delighted to announce” new agreement… but when’s the next attempted bailout fundraising?

Digital chemistry data and software group DeepMatter (DMTR) has issued a trading update and an announcement that it is “delighted to announce an important licensing agreement with Merck” – and the shares have currently responded to 0.14p, 80% higher!

MADE
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The wretched, corrupt and pointless world of broker research - Made.com

My youngest daughter believes that Peppa Pig is a work of literary genius. Her big sister Olaf believes in man made global warming. Joshua believes in Father Christmas and I have some belief about what woould be good for Cheryl Cole. Meanwhile, Cliff Weight of Sharesoc and our in house BB messiah PL believe in the utility of broker research. I bring you three notes on Made.com (MADE), floated at 200p last June and shares in which are now c1p.

BOOK

Company that Finances a Better World Is Worth a Gander

Hello share plungers. This old punter likes to bring you opportunities you may not have heard of before. Especially at a time when very well-known firms aren’t seeing their share prices rise. Today’s choice is an outfit that tries to use its money to better a broken world.

MEAL
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GOTCHA! Parsley Box – delisting on the menu as the money runs out

The fight to be the worst IPO of 2021 is a bitter one but along with Made.com (MADE) which pre-published its own obituary this afternoon, Parsley Box (MEAL) has to be a contender and again I warned folks numerous times that this was a dog with fleas. Today it served up news which went down like a wet dream involving Liz Truss.

MADE
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GOTCHA! Made.com …they think its all over…..200p to 1p in 16 months

Hurst has not stuck the ball in the back of the net yet but the crowd of bears are on the pitch clutching bottles of ouzo and is that a Fat Lady I see among them?  Surely this disgrace from the IPO class of 2021 is doomed after the latest news? You cannot say that I did not, on numerous occasions, warn you all

ALT

Altitude Group – how “excellent” is its half-year “period of growth”?

Personalised products marketplace group Altitude (ALT) has issued a trading update including that it “is pleased to report the group has delivered another excellent period of growth… well placed for accelerated future growth, the board remains confident in its positive outlook for the future”. What of a current approaching 5% higher share price response to 22.5p?

Bearcast
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Tom Winnifrith Bearcast - The Chesterfield Pacton Deal, more reasons it stinks: sell with a target of zero

I start with Union Jack Oil (UJO) - is the special dividend a cue to turn bullish? Then onto the ominous silence at Wildcat Petroleum (WCAT). Finally a follow up on the Chesterfield (CHF) Pacton spoof. It gets worse. Much worse.

Bearcast
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Tom Winnifrith Bonus Bearcast: Who painted the Earl of Abingdon & is Deepverge's Gerry Brandon spoofing about being fired as CEO to get bailout placing away?

The mystery of the Earl of Abingdon remains and it is why I am late with the first of two podcasts today. Then onto Deepverge (DVRG) the firing of Gerry Brandon (real or spoof), the 100k screw by Mrs Brandon and the placing about which the company cannot but help tell a porky.

WTB
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I remain a fan of both staying at a Premier Inn and owning shares in Whitbread

As I noted most recently last week, I am a big personal fan of Whitbread plc (WTB) and its Premier Inn brand. I even contributed a few quid to its profitability numbers over recent months. How excited am I then about its “performance driven by our ‘investing to win’ strategy over the last two years”, “well-placed to capitalise on the strong market recovery in the UK and Germany”, and “adjusted profit before tax of £271.9m, including £24.9m losses in Germany”?

CNS

Corero Network Security – trading warning, how confident should it really be on final quarter activity?

Previously writing on cyber network security company Corero (CNS), last month with the shares at 10.5p I concluded that the bottom-line outlook and half-year financials saw me continue to avoid. The shares last closed at 11.25p but are currently back at 10.5p on a trading update, so what’s the latest?

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