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Latest News

MSLH

Marshalls – profit warning, and a further difficult trading outlook from here?

Describing itself as “the UK's leading manufacturer of superior natural stone and innovative concrete hard landscaping products” Marshalls (MSLH) has issued a trading statement commencing that “Group revenue for the nine months ended 30 September 2022 was £544 million (2021: £453 million)” and also including “a particularly strong performance from the Bricks & Masonry business… Marley (pitched roofing)… grew in the third quarter… the group's balance sheet continues to be robust”. So what of a current circa 250p share price, down more than 17%?!

HZM
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The latest equity raise by Horizonte was disappointing but I still see plenty of long term value and it remains a buy: I have!

As a long term holder of Horizonte Minerals (HZM) I was disappointed to see the news that the company has needed to raise more capital via an equity issue, but I probably shouldn’t be too surprised.

HIK

We Have a Moral Duty to Invest in Medical Science. And Here's Another Suggestion for you.

Hello Share Bashers. This old punter watched a hero of his on tv the other night. Jeremy Paxman has Parkinson’s disease and he was explaining how he coped with this lousy throw of the dice and how it’s being treated. Like quite a few horrible conditions, the number of Parkinson patients is growing. So too are drugs which are holding back illness. That’s why I think we and all investors should have some pharmaceuticals in our portfolios.

VLRM
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Richard Poulden and Dave Lenigas take a £6m accounting piss: this has to be a joke right?

I refer to Valereum Blockchain (VLRM) on the Aquis lobster pot and results for the six months to June 20 2022 published on deadline day, September 30th. I know that Big Dave insists that size is important but can these chancers be for real with what they have served up? Natch the company is loss making but somehow its asset based has ballooned. Great! Fabbo! What is not to like?

Bearcast
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Tom Winnifrith Bearcast: How can you tell when a company could go bust?

I use as case studies in today's podcast Tern (TERN), Argo Blockchain (ARB) and Bidstack (BIDS) two of which could be singing a duet with the Fat Lady by Christmas notwithstanding receny refinancing news.

CGS

Castings – trading statement, was the profit warning only for the near-term?

Castings (CGS) has issued a trading statement including reporting “a more consistent conversion of forward schedules in the period. This strength continues to be reflected in the schedules that our OEM customers are providing… remain confident that the company will continue to trade in line with market expectations”. So what of a currently up to 310p share price, £135 million market cap?

PRD
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Predator Oil & Gas – Options shower from Sarah I can’t Cope

Sarah Cope is not fit to run a public lavatory let alone a public company. Her performance at Anglo African Oil & Gas (AAOG) before it was booted off the AIM Sewer was a case study in managerial incompetence. Today we have an announcement from Predator Oil & Gas (PRD), itself a dog and where share dealings are often, er, interesting.

JDW
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JD Wetherspoon boss Tim Martin on the biggest threat to his sector & Dominic Frisby pays homage

Perhaps our in house Euro loon Jonathan Price #FBPE can let us know if his fellow Remoaniacs are still boycotting Spoons (JDW). Maybe not as results today are robust and the boss Tim Martin is cautiously upbeat. However he singles out 1 massive risk to his whole industry and one threat. The great man opines:

Collapsing-Reactor

Video: the bond market collapse will be catastrophic

David Haggith, the publisher of “The Great Recession Blog” is a cheery fellow. He started his website twelve years ago, shortly after the housing bubble. He invented the term the epocalypse, which stands for ‘economic apocalypse’ that will be epic in scope. You could also call it the second great depression. He says, “For the last two years I’ve been extremely accurate.” The corona crisis brought massive amounts of money printing. The Fed can no longer print enough to support the equity markets. We’re going to have plenty of economic breakdowns and damage. It’s hard for people to grasp the rate of change that is occurring.

ARB
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Argo Blockchain ‘fesses to cash crisis – told y’all

Okay you did not need the brains of Lloyd George to work out that this was coming but the stench of panic in today’s package of emergency measures from Argo Blockchain (ARB) should un-nerve even Zak Mir as he is paid to ramp these worthless shares.

DVO
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Devro – a defensive Buy?

In these troubled economic times, how about a proven defensive investment offering a dividend yield of above 5%?

BMV

Bluebird Merchant Ventures – shares up on Batangas licence extension, stance upgraded

Writing on Bluebird Merchant Ventures (BMV) last week we noted, with the shares at a 1.4p offer price, that upcoming “advancing/monetising” news from the Batangas project in the Philippines should help the shares as well as progress in South Korea. Now there has been a Batangas licence extension announcement and the shares currently up to a 1.6p offer price – and there should still be much to come.

TERN
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Tern – More Reasons To Sell As The Bubble Deflates: Tom’ Problem Is That He Is Just Too Nice! Lights out by Christmas!

I am still nursing an ouzo-inflicted headache following Wednesday’s bailout placing at just 7.5p by AIM-listed Tern plc (TERN). Tom Winnifrith has covered this here and here already, but there are still more reasons to sell.

HAYD
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Haydale - Full Year Results Disaster

AIM-listed Haydale (HAYD), fresh from its bailout keep-the-lights-on placing and open offer at 2p in which it raised £5.5 million (gross) last month, has announced its full year results, to June 30, this morning. The numbers are truly grim.

Bearcast
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Tom Winnifrith Bearcast: Snopes raises massive questions for KPMG, Nomad Peel Hunt, the idiots at AIM Regulation, the SNP et al

I refer to this amazing exposé by Snopes HERE into Max Polyakov, Ukraine's Elon Musk. Why does it matter: I recall Cupid and the great establishment cover up.  Thjis is crime plain and simple and the board knew about it and covered it up. KPMG covered it up. The Nomad did nothing and so too did the Oxymorons at AIM Regulation. The SNP has been lobbying hard for Polyakov. They are all beneath contempt. Then I ask if share buying at Bluebird Merchant Ventures (BMV) is legit. It is. Then I discuss why a whistleblower may or may not have a story about another AIM company, look at Made.com (MADE), Sosandar (SOS), Tern (TERN) and Bidstack (BIDS): two placings , one a pea shooter, one possibly (but probably not) a bazooka.

IGE

Image Scan – warns on trading but argues “retain our optimistic outlook for the future”. Really?

Previously writing on x-ray imaging company Image Scan (IGE), in March with the shares up to 2.25p I questioned how “significant” is the loss to be? and concluded to avoid the shares. What of today a “trading update” and the shares currently a further more than 20% lower on the back of it, to just above 1p?

Boom
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Yet another fake Gary Newman apppears on twitter, I am Gary, no I am Gary, we are all Gary!

As you can see below yet another fake Gary Newman has appeared on twitter. The photo is Gary. The name is Gary. And the @ is almost Gary, except there is one extra letter added.  So what is happening here?

Gold

Video: Dollars or Gold, Choose Wisely

Gold asset manager Jaime Carrasco of Canaccord Genuity reckons that for gold bulls like him the goood rimes really are abnout to start soon as the world goes to hell in a hand cart. Jaime says, “I’ve been preparing for this storm for a long time, and it’s here. I don’t think we can hide from the global volatility. In 2008, they bailed out the banks, but now the question is who will bail out the governments."

VRS
premium content

Slashing (already dire) Versarien forecasts ahead of Q4 share price meltdown

You can sometimes get some borrow in Versarien (VRS) and if you can you should even with the shares, which were once almost 200p, having slumped to below 15p. The next collapse will happen and happen fairly soon. It is a when not an if.

BIDS
premium content

Bidstack raises £10 million – is that enough?

Lunatics such as the low grade Ulster share spiv Nigel Hassard insisted that Bidstack (BIDS) did not need a fund raise even as its own broker slashed forecasts and warned that the company would be down to just £34,000 cash at December 31 this year.  The loons said that I was just scaremongering.  Of course, Bidstack did not tell ordinary investors about that Stifel red alert, instead, the very same day issuing a ramptastic statement about a $100 million market opportunity. I’d like to talk about an opportunity – also not grounded in any hard actual events – that I have with Cheryl Cole.

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