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Latest News

Clown
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How would Ed Croft and Stockopedia rate Company X as it files its accounts?

Ed Croft’s Stockopedia is the stock picking system that ranged the Quindell (QPP) fraud as one of the cheapest companies on AIM and said that Globo (GBO) scored 92/100 as a buy. It was a fraud too and went bust. Then there was Wirecard which Stocko pushed aggressively just 3 days before the balloon went up! Two years after the Woodford blow up, Ed is now and expert saying his system could have predicted it.  Whatever. So how would Ed’s system assess company X which has just filed 2021 accounts

SYME
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Another Letter to FCA - how many million pounds has Alessandro Zamboni made from unreported Supply@ME Capital share sales?

As I noted yesterday, the fraud Supply@ME Capital (SYME) is spoofing like there is no tomorrow to get its open offer away and to allow death spiral provider Venus to forward sell another tranche of shares. Supply is tunning on vapours. But there is a big question, the woke twits at the FCA seem unwilling to push on: how many millions of pounds has CEO Alessandro Zamboni made from covert and undisclosed share dumps? I have written to the FCA.

FLTR
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Flutter Entertainment hopes that more Americans will gamble (online) even more

I called Flutter Entertainment (FLTR) an avoid just before Christmas last year and I guess, as year-to-date it is down over 12%, it has been better not to own shares in the company you and I used to know as “Paddy Power”. But as I write today the stock is up over 8% after announcing its first half numbers. Time to bet on a betting company?

STX
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Shield Therapeutics – failure rewarded and interests unaligned

Greg Madison was appointed as CEO of Shield Therapeutics (STX) on June 1 2021. The shares were then 60p. Today they are 8p. In just over a year Greg has presided over a catastrophic 87% destruction of shareholder value. Luckily Greg had no shares himself just a stack of options granted to him two weeks after he joined, to incentivise him.

TERN
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Tern – Further Fundamental Fundraise Raises Fundamental Questions

AIM-listed jam-tomorrow IoT investment company Tern (TERN) announced yesterday afternoon that investee Fundamental VR (FVRVS limited) had raised a further £5 million in a second tranche of the Series B fundraise first announced back in May. That seems positive, so why the immediate share price drop in the market?

COPL
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Canadian Overseas – the death spiral ramps up in & still the morons can’t do the math!

Still the dumb pricks who own these shares do not seem to get it and think that abusing and trolling and abusing myself and Gary Newman is going to reverse the all too predictable share price decline. Today, there is another RNS for them to ignore.

Bear

Video: Pricking the largest financial bubble in history

Analyst Michael Oliver pulls no punches.

JIM

JIM Has Suffered Along with Most Stock Brokers, but Perhaps Happier Days Beckon

Hello Share Grumblers. Like most sensible armchair tycoons these days, I trade with more than one broker. We all need to be careful following the crash of Beaufort Securities when it turned out that, in some circumstances, shares were not ring-fenced at all (though, after anxious interludes, it turned out ok in the end). But I have a lot of faith in a smallish broker called Jarvis (JIM), which serves many investors under the brand name x-o.

LOAD
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Crestchic – trading update, we said forecast risk was to the upside

Crestchic (LOAD) has announced “trading momentum has again accelerated” and that it remains very confident in its strategy, the strength of its markets and in its prospects for continued growth. Sounds good!

Bearcast
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Tom Winnifrith Bearcast - will Parsley Box come clean?

I start with a bity of my travel adventures. I was in bed by 3 AM last night after the previous night's 5 AM. If I ever say that I am driving from Greece to Wales in 2.5 days again you can shoot me.  Then I remind you that it is less than a month to ShareStock so book your seats on the greenest lawn in Wales NOW. Then I look in detail at Revolution Beauty (REVB), Wildcat Petroleum (WCAT), I have a hot rumour on Parsley Box (MEAL) and I comment on GSK (GSK) and the Zantac issue. or non issue. Any more carcinogens with your medication vicar?

MRK

Marks Electrical – argues “strong trading”, but what about bottom-line financial specifics?

A trading update from UK online electrical retail group Marks Electrical (MRK) emphasises “proud of the performance” and the shares have currently responded up to 72p. However, in November it was “pleased to announce the admission… to trading on the AIM market… delighted to welcome our new shareholders”...at 110p per share. So what’s the trading situation now?

REVB
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Revolution Beauty Group - from bad to worse, accounting snakes emerge from long grass, management talks bull re debt issue

I bet Elizabeth Lake is regretting joining Revolution Beauty (REVB) as its CFO on May 12 this year. The previous incumbent Andrew Clark hung around till the end of July for an orderly handover, since when we have had a ghastly profits warning and now, today, an admission of potential accounting “issues.” Ms Lake must feel as if she was parachuted onto the Titanic just before the iceberg. Or maybe she should take some blame and walk the plank?

ECP
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Eight Capital and David Bull (shit) fallout from fall out?

Is it good news that the bastard little brother of the fraud Supply@ME Capital (SYME), Eight Capital Partners (ECP) has lost its CEO? Normally a shock departure after just 11 months as CEO is bad news. But this CEO in question is toxic.

SVS
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My advice to the 39,000 experts at Savills: “don’t call me…and I am very unlikely to call you”!

I don’t think I have ever written before about Savills (SVS) which - amusingly - describes itself as “one of the world's leading property advisors…Savills services span the globe, with 39,000 experts working across 600 offices in the Americas, Europe, Asia Pacific, Africa and the Middle East”. How marvellous, especially over the last decade or two. Congratulations then over the last twenty years if you have made twenty times your initial investment on the shares (which is way better than even the average house price). All good…until it isn’t!

MIRI
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Mirriad Advertising – interims arguing “well-placed to scale”. It fooling itself or trying to fool everyone else?

Describing itself as a “leading in-content advertising company” and stating it is “tracking strongly against the KPIs and are seeing a very clear acceleration of interest in the in-content format”, Mirriad Advertising (MIRI) has announced first half of 2022 results. So what of a 7.75p share price – down from a start of year 28p!?

HAYD
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Zero in waiting, Haydale – Gravity Asserts As Bailout Bucket Shop Placing Gets Closer. Just How Bad Will It Be?

By my back-of-an-envelope, AIM-listed Haydale (HAYD) is once again almost all out of cash – I reckoned HERE that the coffers could be bare before the end of September. Having burned through £430,000 in June alone, the company had £1.19 million at the close of June. So what will the company do?

CKT

Checkit – argues “accelerating its plan to achieve profitability”, but what does that actually mean here?

Previously writing on provider of business technology jargon(oops) an “intelligent operations platform for the deskless worker” Checkit plc (CKT), in February with the shares down to 46p I noted it increasing costs with it already cash burn aplenty and how long to wait for a meaningful positive revenue and bottom-line swing?, avoid / sell. The shares last closed at 29p and now a trading update emphasising “successful transformation into a subscription business… Cash at 31 July 2022 was £19.5m… in light of market conditions, the board is accelerating its plan to achieve profitability”... and the shares currently at 27.5p?

LGEN

This Legal Eagle Digs Tallons into Bigger Profits and its Share Price Could Fly Higher

Hello Share Takers. My favourite insurance company has posted some good numbers for the first six months and looks set to have a good year. Its operating profit improved by 8% to a cool £1.2 billion. Cash generation jumped by 22% and the Legal & General (LGEN) five year growth target is performing as it should despite all the headwinds of a shaky current economy.

Price-Vs-Value

ShareProphets readers tips for 2022 competition – end July update

Having asked for readers tips for 2022 for the prize of 1/2 litre of Tom Winnifrith's Greek Hovel olive oil (2022 harvest) HERE, the following is the end-July monthly update on performance (to be eligible needed to have selected, on a once per username basis, a buy & sell pick from the LSE, AIM casino or Aquis lobster pot and the stocks not to have been suspended at the commencement of 2022).

BOOM
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BREAKING: Bear Raider Miles Dyson sticks it to Audioboom

I do not think Miles is finished with Victoria (VCP) yet where I agree with him that this could well be a zero. Meanwhile he has a new target where I am also a long time bear, 

It is Audioboom (BOOM). Enjoy. The valuation here is bonkers so with the red flags exposed by Miles this is a double short.

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