From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Latest News

KEFI
premium content

Kefi Gold & Copper - Saudi Arabia progress to follow funding in Ethiopia?

Kefi Gold & Copper (KEFI) has served up another update on Saudi Arabia, saying that it is looking to develop Jibal Qutman next year and then Hawiah “shortly afterwards”.

Bearcast
premium content

Tom Winnifrith Bearcast: Shield Therapeutics or Verditek - which sees a share price collapse first?

I start with my wonderful son, Joshua, losing every race at Sports Day with bravery and humour. Then, onto UK Network Agency; Innovation Agri-Tech; Eden Pharma; the wretched FCA's failure on £65 million fraud, Appbox Media/One True View; Ocado (OCDO); Morses Club (MCL); Cake Box (CBOX) - where Steve is wrong; Verditek (VDTK); and Shield Therapeutics (STX).

B90

B90 Holdings – 2021 results, was the subscription for marketing activities and working capital?...

Previously writing on B90 Holdings (B90), last month I questioned a gross £0.731 million subscription “for marketing activities and working capital”?. Today the online marketing and operating company for the gaming industry has announced its 2021 calendar year results. What do they show?...

VDTK
premium content

Verditek – statement needed ASAP: is it bust already?

Solar panel producer (if not seller), Verditek (VDTK), has eight days to release its annual results. Given revenues will be the square route of fuck all, there is no excuse for delay. But we all know the reason, and that is why the shares are sliding again today, as they did yesterday.

MEX
premium content

Tortilla Mexican Grill dumps auditor, nine months after IPO: red flag?

Tortilla Mexican Grill (MEX), the mid-market restaurant chain, has announced that just nine months after its IPO, it has dumped existing auditors, Blick Rothenburg. And after a competitive tender, it has appointed Haysmacintyre LLP as its new statutory auditor.  Odd timing: is this a red flag?

FCAP
premium content

Sam Smith to quit as FinnCrap CEO – a sign that the merde will soon hit the fan

Okay, Sam has a few things to be smug about. She set up FinnCap (FCAP), and 24 years later, it is an AIM-listed Nomad and broker. Furthermore, she has done it all despite - as per hundreds of sycophantic interviews - being a woman in what is largely a male-dominated world. How very ESG, la dee da dee da. But…

OCDO
premium content

Ocado – nice food, expensive prices and a striking money-raising

I do quite like receiving a food delivery from Ocado (OCDO). It is not cheap but the quality is good and it is certainly better than going to a restaurant or something like that. However - as I last detailed HERE three months ago - it is a “good job I prefer Ocado’s food delivery to its shares”, especially as the nearly £6 billion market cap company has felt the need to raise nearly £600 million in an equity raise. What is going on?

TPG

TP Group – results delay and extension ‘in view of covid impact’. Er...

TP Group (TPG) has issued an “Extension to Publication of Results”-titled announcement and the shares are down from 2.5p to currently 1.85p in response. So what’s going on?...

MCL
premium content

Morses Club – increase in complaints AGAIN (…why’s the AGM being held virtually again?!)

On 3rd March Morses Club (MCL) issued a trading update including that having “announced that it expected adjusted profit before tax for FY22 to be between 20% and 30% below the prevailing analyst consensus of £7.5m due to the impact of the recent increase in claims, subject to year-end audit review… complaints continue at the same levels as we reported, and our guidance remains unchanged”. Now an “Update on Claims Volumes and FY22 Results” announcement...

SPX

Directors Snaffling their Own Shares Isn't Always a Happy Sign. But in this Case it Might Be

Hello Share Twitchers. When a director buys shares in their own venture, the stock market publishes the fact. This can be an attempt by an outfit in trouble to wrongly reassure its investors and perhaps encourage them to buy more shares. Spoofs like this are sometimes exposed on this glittering website. I had a friend who once moaned after buying shares in a firm with a buying boss as on further reflection his small purchase exceeded the director’s. So be careful. But when the fundamentals show you a company is progressing, it’s a jolly good sign when a big cheese buys their own stock.

CBOX

Cake Box – full-year accounts now also have a ‘technical compliance issue’!...

Specialist retailer of cream cakes Cake Box (CBOX) has announced it will publish full-year results on 27th June following an end of year audit process which has raised “an issue” in terms of the Companies Act 2006 and past dividend payments. Hmmm!

Bearcast
premium content

Tom Winnifrith Bearcast: happy anniversary, Forward Partners. Not! And so much pride in Joshua ahead of sports day

He might come home with a raft of certificates for "Welsh speaker of the week", or other such academic achievements, but Joshua is no great sportsman. Yet this afternoon, it is the school sports day, and the whole family is off to watch him. Discussing what lies ahead with him as we walked to school this morning, filled me with pride. In the main podcast, I look at Forward Partners (FWD) - another disastrous 2021 IPO; Petropavlovsk (POG), as it races to zero; Genflow Biosciences (GENF); MGC Pharmaceuticals (MXC) - placing ahoy; and Verditek (VDTK), where things could get very messy within days. Ref MXC, I discuss two historic examples of biotech's presenting data - on AIDS "cures", and its spoof ramp last week.

FTC

Filtronic – “set to exceed market expectations”, but what about the bottom-line and outlook?...

Industrial communications products company Filtronic (FTC) is “pleased to report top line growth and that adjusted EBITDA is set to exceed market expectations despite the challenges of the global semiconductor shortage. This strong trading performance will enable us to continue to make strategic investments in the future of the business”. So what of a share price currently up 25%, above 11p?...

JSE
premium content

Overdone drop on temporary production issues at its Montara field - buy Jadestone Energy (I have)

Any disruption to production is obviously a big issue for oil producers, and even more so when a company only has a small number of operations and it causes a significant impact on output.

ACT
premium content

Actual Experience – contract cancellation, the Fat Lady warms up

Previously writing on ‘digital analytics-as-a-service’ company Actual Experience (ACT), in December with the shares falling to 40p I concluded with it already burning cash at an alarming rate that hopefully my prior warnings were heeded and, natch, that the shares were a sell. Now a “Contract cancellation” announcement at no one is watching o’clock, 6.30PM, on Friday. Uh oh!

CBX

David Beckham-backed pot play, Cellular Goods, launches pointless petition of the year

Nope, it doesn't ask Cheryl Cole for a hook-up; this petition is even more pointless. Hosted on Change.Org, it was launched by cash-strapped Cellular Goods (CBX), along with seven other “leading” companies.

RUR
premium content

China fraud specialist, Paul Shackleton, getting a bit forgetful; the ten-year love that dare not speak its name

After his senior role at disgraced broker, Daniel Stewart - enabling China frauds including Naibu - Paul Shackleton should have been banned from financial services. Instead, he is now earning a six-figure wedge at Peel Hunt. But the morally bankrupt bankster is getting a bit forgetful

RNK
premium content

Rank Group shares are for suckers only

Back in August last year, I concluded about Rank Group (RNK) that at the then 175p share price “for me today I would AVOID”. That was wise as this morning shares in the company which has “entertained Britain since 1937” are only 82p! So why have they halved over the last ten months?

IBST

This Bubbly Brick Begetter should Continue to Boom Even if House Prices Bomb

Hello Share Bunnies. This old punter has recommended you look at an ambitious outfit called Ibstock (IBST) before. But I think the case to buy is even stronger now. Ibstock makes bricks and brick-like things. And I can see you marvelling that I should support any company in the construction world. Nobody does that if a recession might be on the way, do they? So what’s going for Ibstock, then?

Bearcast
premium content

Tom Winnifrith Bearcast: No No No, you Bitcoin cultists! You are kidding yourselves, but nobody else

I have received a number of comments about yesterday's Bearcast. I address some of those cultists, speaking out from the last redoubt.  Then, prompted by Three Brains, I look at what a PE of 5 means as a guide to value, and why it can so often mean nothing at all.

Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

Most Read in the Past Seven Days

That Was the Week that Was

 

CTAI

Catenai – monster dilution

Time left: 07:56:42