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WG
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As it pays out a litigation settlement, don’t forget Wood Group’s capital markets day later this month

A new week, a new suspension, as Joules Group (JOUL), the “true premium lifestyle brand with an authentic heritage”, announced an “Intention to Appoint Administrators and Suspension of Trading in Shares". Is it a huge surprise? Not really (and you can see now why Next plc (NXT) decided not to take a stake a few months ago). Meanwhile, and back to shares I do actually own, I see that Wood Group (WG.) is handing out $115 million in a “Settlement of Enterprise litigation case”. But the shares are only down 1% or so today.

BME

The Wonder of Woolies Might Keep the Share Price Bubbling for this Cheery Retailer

Hello Share Collectors. This old punter won’t be the only one to remember with affection the old Woolworth’s stores. They were a treasure house in my fifties childhood and a great supplier of needs, both luxurious and essential. In my adulthood, I even have one of the pick n’ mix containers as a souvenir. Today’s choice for your further inspection is a bouncy high street retailer that seems to pursue a similar market.

Bearcast
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Tom Winnifrith Bearcast: All hail Pete Brailey as other bears wake up to his Pantheon genius

I start with Muddy Waters, Pete and Pantheon Resources (PANR). Then on to ouzo man and his bear calls on Boohoo.com (BOO) and AO World (AO). Finally onto the blow up of FTX and Almeda Research and what that tell us about crypto and NFT hype which is now bursting.

KEFI
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Kefi Gold & Copper shares to double by Christmas?

Kefi Gold & Copper (LSE:KEFI), a gold and copper mine developer with projects in Ethiopia and Saudi Arabia is a company whose shares we think could double by Christmas and here is why.

AAU

Ariana Resources – updates on potential catalysts in Turkey, Buy

Ariana Resources (AAU) has issued an update on the work programmes in Turkey it has interests in, emphasising that it is “highly encouraged by the simultaneous and substantial progress being made” on the projects by its 23.5%-owned joint venture.

NGHT
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BREAKING: Project Pound at Nightcap – the delusional world of Sarah Willingham

On 12 September 2022, as Sarah Willingham’s Nightcap (NGHT) announced the opening of a new bar in glamorous Watford, the former Dragon’s Den star proclaimed “Nightcap now has 37 sites within its estate and a further 19 premises under offer or in legal negotiations for all its brands.” Less than two months later she said that the new openings programme was on hold. What changed? It is all to do with “Project pound.”

Professor
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Sunday Long Reads: Swamp Boy, Britney Spears’ Dad, Meaning of Moss, Art World Scam, Two Legs Good

Here are five long reads that have nothing to do with shares. Put the kettle on, find a comfy chair. You have the time, don’t you? 
 

ARB
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Argo’s Peter Wall caught with his trousers down again as insolvency looms

Peter Wall the CEO and interim ( for more than a year) chairman of Argo Blockchain (ARB) has been caught with his governance trousers down yet again. When will the regulators accept that Wall is a bad actor who should be ejected from the PLC stage?

Top-10

Notes from Underground – Most read articles for the week ending 12 Nov 2022

The most-read non-quiz non Tom article this week is ‘UK house prices: Halifax only gives you half the story’ by Chris Bailey at No 3 or No 10 including bearcasts.

Bearcast
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Tom Winnifrith Bearcast: Macolm Stacey vs Steve Moore

I weigh in on the debate on Biome (BIOM) looking at macro babble & bubble and bottom up analysis to decide which of my colleagues is, I suspect, right.

HLN
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How is Haleon - the spin-off from GSK plc - doing, punk?

As per analytical data from my personal pension fund account, I have made money from my choice to retain a holding in Haleon (HLN) - “a global leader 100% focused on consumer healthcare with a competitive advantage to combine deep human understanding with trusted science” - after its spin-off from GSK plc (GSK) in July.  I am not sure that is technically correct given the company’s c. 276.53p share price at the close of business on Friday.  Anyhow, the bigger question is what should I do now?  After all, other GSK shareholders - including Tom - decided to exit stage left kicking around a 300 pence share price immediately after the spin-off and invest elsewhere.

GPM

Golden Prospect Precious Metals – proposed annual subscription right, good news

Precious metals securities investment company Golden Prospect Precious Metals (GPM) has stated that it “is pleased to announce details of proposals to introduce an annual Subscription Right for Shareholders”. Is this good news?

Bear
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Beyond Meat is Beyond Redemption.

Before the market meltup, shares in Beyond Meat (BYND) closed at an all-time low of $11.90 on Wednesday night after releasing a disastrous Q3 earnings report. Is this a chance to buy into the BBC's favourite Nasdaq stock? No! Au contraire.

Gold
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The View From The Montana Log-Cabin As Gold Rushes Higher And The Fed’s Warning Light Flashes Brightly

Gold closed the week at $1771 – strongly up on last week’s $1683 and way better that the recent low around $1620 notched up at the beginning of the month. The US$ has slipped off its perch too: is it (at last) all change?

ITH
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Avoid Ithaca Energy following its IPO - it looks expensive compared to its peers and has high levels of debt and liabilities

It’s been a while since we’ve had a new IPO of a large oil and gas company in the UK, so Ithaca Energy (ITH) caught my attention, especially as it is a company that I had followed previously when it was listed.

BIOM

Steve and Co could Be Wrong about BIOME as the Green Bandwagon Gathers Speed.

Hello Share Movers. Despite detractors among some of my colleagues on this mind-blowing site, including the fiendishly analystic Steve Moore, I renew my support for a company that makes plastic substitutes. Biome Technologies (BIOM) had a torrid time of late, plunging 170p to 46p last month. However, the shares rocketed by as much as 100% this week, later dropping back to about 60%. There aren't many shares that put on even 10% these days.

  • 12 November 2022, 10:53 |
Bearcast
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Tom Winnifrith bearcast: Madness!

I start with the macro babble and surging equities explaining why, I think, rubbish stocks have done the best today. I look at Cineworld (CINE), Versarien (VRS), Boohoo (BOO), Pure Gold (PUR), Argo Blockchain (ARB) and Victoria (VCP) 

DRV

Driver Group – full-year trading update, now set for Middle East and APAC-driven improvement?

Previously writing on construction and engineering industries professional services consultancy group Driver (DRV), in May with the shares at 32.5p I reviewed Middle East deal, set for significantly improved profitability?. So what of a latest trading update and the shares at 27p?

PHE
premium content

Powerhouse – after digging a hole in the road, its next ramp: placing ahoy?

Even Stevie Wonder can see the writing on this wall. PowerHouse Energy (PHE) is now having to fund the building of its own waste to hydrogen plants having previously said others would do so, it burns c£2 million every half year running the company and it is spunking £1.3 million on a global Technology and Innovation centre. By next Spring it will be out of cash

WRKS

TheWorks.co.uk – half-year trading update, how “resilient” is its performance?

Previously writing on arts and crafts, stationery, toys and books retailer TheWorks (WRKS), in September with the shares at 37.75p I reviewed emphasises “strong” full-year results, but is the company right to be ‘confident in its prospects’?. So what now with the shares most recently closing at 34.5p and currently further lower on the back of a “Half-Year Trading Update”?

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That Was the Week that Was

 

AAU

Ariana – Surprise!

 

ANP

Anpario – a recovery Buy?...

Thursday »

Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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