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Tom Winnifrith Bearcast: Finncrap research note - another reason for Her Smugness to quit
Ahead of my trip to Southampton, I discuss today's hilarious FinnCrap note on its client, Argo Blockchain (ARB) and Novacyt (NCYT), which is now worth less than net cash. I explain why. Then, it is onto Zoo Digital (ZOO): was the old codger, Malcolm Stacey, right to be so bullish? Er... no.
- By Tom Winnifrith |
- 7 July 2022, 12:06 |
Kromek – Smiths Detection distribution agreement, but what about financials?
Radiation and bio-detection technology group Kromek (KMK) is “delighted to partner with Smiths Detection… to deliver our solutions to customers across North and South America”. So what of a share price response currently approaching 8% higher towards 10p?
- By Steve Moore |
- 7 July 2022, 12:00 |
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Argo Blockchain – the scale of its cash crisis starts to emerge
June's operational update is truly shocking, and another red flag for the Argo Blockchain (ARB) collection. Natch, with Peter Wall in charge, the statement is disingenuous.
- By Tom Winnifrith |
- 7 July 2022, 11:20 |
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Currys is not AO World (thankfully) and what will Wood Group’s new CEO say?
Back in January I wrote that “if you see Currys (CURY) shares at or below 100p…then buy them!”. A month or so later I did buy a few at about a 90p level. Naturally that has not worked despite the company being a thousand times better than AO World (AO.), something I am sure all you long/short investors would have observed. Still - on the former - it was good to see today’s full year numbers observing “a stronger Currys, doing more to help customers”, along with profit, free cash flow and negligible debt (in complete contrast to AO World naturally). However, naturally also, prospects for the year to April 2023 are somewhat lower than the year being reported on.
- By Chris Bailey |
- 7 July 2022, 11:06 |
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Bidstack – can a moron do maths, after dire trading statement? It appears not.
Sales are vanity, profits come down to opinion. Cash, however, is a matter of fact. In that vein, one wonders if, after today’s dismal trading statement, Bidstack's (BIDS) moronic shareholders can do basic maths. If they can, they will sell their shares first thing.
- By Tom Winnifrith, the Sheriff of AIM |
- 7 July 2022, 10:54 |
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Why Smug Sam Smith quit as FinnCap CEO - nothing to do with leg over, Peel Hunt warns
The notion that Sam Smith quit in order to get her leg over, is this morning blown out of the water by a Peel Hunt AGM warning. If Peel is getting battered, how do you think its notably inferior rival, FinnCap, is doing? When is your warning, your smugness? With results in the next couple of weeks, I suggest.
- By Tom Winnifrith |
- 7 July 2022, 10:10 |
Outfit that Treats Poorly Animals Is Set for A Glowing Future, Even in Hard Times
Hello Share Shifters. Given the wobbliness of the markets, it probably pays to seek out defensive shares i.e. those that can withstand the rigours of a recession. One such candidate for your attention is Dechra (DPH). This is a pharmaceuticals company that serves animals. And we all know that, in Blighty, one of the last thing people will curtail their spending on is the health of their pets.
- By Malcolm Stacey |
- 7 July 2022, 09:12 |
Ten Entertainment – “record-breaking” performance, but how sustainable is it?
Writing a year ago on UK bowling and ‘family entertainment’ centres group Ten Entertainment (TEG) I concluded with the shares at 248p whilst the demand situation normalises, currently on the watchlist. So what about now, following a trading update for its half year ended 26th June 2022?
- By Steve Moore |
- 6 July 2022, 17:14 |
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ProCook – why on earth pay a dividend? Reckless folly!
Results for the year to April 3 2022 - out today from Procook (PROC) - were made irrelevant when, on 10 June this year, the company issued a dire profits warning. But for what it's worth, the results are shite.
- By Tom Winnifrith |
- 6 July 2022, 16:21 |
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Tom Winnifrith Bearcast: Malcom is wrong, as Tesco dumps Whiskas
I start with the fate of PM BlowJo. He is toast, but it does not matter: nothing will change, whoever fills his shoes. Then, it is onto Tesco ditching Whiskas. Our cats are already on Tesco's own brand, supplemented by the local wildlife - but what does this say about inflation and corporate earnings? After that, I discuss Malcolm Stacey, and why he is so wrong on Zoo Digital (ZOO). Finally, I look at Cineworld (CINE) and AO World (AO.). The former stays silent on the big issue, and is a 2022 zero. The latter has 21 months until the Fat Lady's performance, notwithstanding today's fundraise.
- By Tom Winnifrith |
- 6 July 2022, 15:49 |
ActiveOps – “pleased to announce” full-year results. Really?
Previously writing on ActiveOps (AOM), in March with the shares down to 97.5p I concluded that with the valuation still a significant premium on tangible metrics I’d still currently avoid. With the shares having last closed at 74p and the self-described “leading provider of Management Process Automation software” now “pleased to announce its unaudited results for the financial year ended 31 March 2022”, what’s the outlook from here?
- By Steve Moore |
- 6 July 2022, 15:15 |
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Asiamet has been my worst mining investment with constantly missed deadlines - should I bail & give up?
Asiamet Resources (ARS) has turned out to be my worst ever investment in a mining company, in terms of percentage loss anyway, and has been a great example of what happens if as a company you continually miss deadlines.
- By Gary Newman |
- 6 July 2022, 12:47 |
Attraqt – “pleased to provide” trading update, but outlook deterioration?
Previously writing on search, merchandising, and product & content technology group Attraqt (ATQT), in April with the shares at 30.5p I questioned whether it was well positioned to deliver on its growth strategy and concluded to avoid. The shares last closed at 25p... and now what of a trading update today?
- By Steve Moore |
- 6 July 2022, 12:29 |
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Trainline get excitement ahead of a webinar for investors and analysts
I noted a couple of months ago on Trainline (TRN) that the stock was a “distinct Avoid for me…in a year’s time it might announce a full year 2023 profit but it would not surprise me if the share is once again c. two quid and not the current c. three quid share price by then”. Why then are Trainline shares up over 15% today?
- By Chris Bailey |
- 6 July 2022, 11:31 |
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AO World – £40m Placing and Primary Bid offer – thanks, but no thanks
Having insisted that it was on track to hit forecasts (which included an improved cash position), AO World (AO.) has today announced a £40 million institutional book build and Primary Bid Offer, at 43p – last night, the shares were 47p. So, should you consider an investment? Er…no.
- By Tom Winnifrith |
- 6 July 2022, 09:30 |
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Predator’s Lonny Baumgardner misleads investors, as he unleashes Twitter diarrhoea
The shameless ramper is at it again. Yesterday, the boss of Predator Oil & Gas (PRD) unleashed a Twitter volley, as shown below. The last tweet is, arguably, the sort of material that should be left for an RNS. This is a massive red flag, especially when Lonny is actively deceiving. I underline one tweet that is simply not true.
- By Tom Winnifrith |
- 6 July 2022, 09:05 |
Zoo Results Delayed but Is It Ow't to Worry About?
Hello Share Gatherers. You’ll have read before that I favour Zoo Digital (ZOO), a Sheffield outfit that does indispensable work in the film and tv industry. I was writing a piece based on that it was announcing its full year numbers today, which I expected to be rosy, however instead news came in that the results have been delayed.
- By Malcolm Stacey |
- 6 July 2022, 09:01 |
SmartSpace Software – trading update, hybrid working confidence?
Previously writing on ‘smart’ buildings and commercial spaces software company SmartSpace (SMRT), in February with the shares up to 73.5p I concluded that with the financial uncertainty and the valuation I continued to avoid. What now, following a trading update and the shares up in response, though currently 58p?
- By Steve Moore |
- 5 July 2022, 17:16 |
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Tom Winnifrith Bearcast: Will Lucian Miers survive Thursday Night?
As a Scottish Catholic, Lucian Miers will support Norway this Thursday. I think this is unwise, as we are sitting amongst the Northern Ireland supporters. I'll have to explain to fellow members of the GAWA that Lucian is a Fenian, hence his sudden love-in with the land of Quisling. On shares, I look at Edenville Energy (EDL) and its new board member, Paul Ryan (remember him?). Then, I discuss Central Copper Resources, Cineworld (CINE), and Purplebricks (PURP), which, ceteris paribus, will go bust in a year.
- By Tom Winnifrith |
- 5 July 2022, 16:12 |
Quiz plc – “very encouraging” full-year performance? And how’s the outlook?
Previously writing on omni-channel fashion company specialising in ‘occasion and dressy casual’ womenswear Quiz plc (QUIZ), in January with the shares up to 16.65p I concluded that the noted financials saw me remain cautious of a still more than £20 million market cap here. So what of now stated “very encouraging FY 2022 performance with very strong revenue growth and a return to profitability”, and the shares currently at 10.25p?
- By Steve Moore |
- 5 July 2022, 15:29 |