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Latest News

MPAC
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Mpac Group – a Buy as the growth prospects become further clearer?...

High-speed packaging and related automation group Mpac (MPAC) was positive in its September-announced 2023 half-year results but noted an “H2 weighting” in a macro “challenging trading environment”. That suggested to have some caution, but a “Full Year Trading Update” has just emphasised “FY23 trading performance in line with market expectations” and “Strong opening order book supporting a positive outlook for further growth in FY24”. We consider it suggests also strong share price value.
WG
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Wood Group – trading update emphasising “continue to show clear progress”, BUY

Consulting, projects and operations business Wood Group (WG.) has issued a trading update emphasising that 2023 calendar year trading continued to show clear progress and that it is “on track” for 2024 as it previously guided.
Bull

The Latest Inflation Set-Back Shouldn't Matter if You Pick these Sparkling Sectors.

Hello Share Gobblers. In the humble opinion of this old goat, this ain’t the time to flog shares, but to buy ‘em. Yes, the latest inflation number showed a slight increase. But it doesn't really matter - and here’s why.
Bearcast
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Tom Winnifrith Bearcast: Chatting to Nigel Wray about all that is wrong with the stockmarket

I discuss my chat with Wray, Versarien (VRS), Cykel AI (CYK), Belluscura (BELL) and Big Technologies (BIG)
BELL
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GOTCHA: Belluscura has to revise TMT offer again

As flagged up HERE yesterday, the maths just did not stack up. And thus for the second time Adam Reynolds chaired Belluscura (BELL) has had to revise its all-share offer for cash shell TMT Acquisitions (TMT). First it was 15 shares for every 22, then it was 3 for 4 and today it is a straight 1 for 1. I am glad that Nigel Wray et al have done the decent thing but how do the maths now stack up? And actually is it still a good deal?
CYK
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Another £19m spoof from the chancer Jonathan Bixby: Cykel AI to reverse into Mustang Energy, this is beyond parody!

A couple of years ago Bixby and his business buddy Mike Edwards were floating all things cannabis. Then the pot bubble burst and it was NFTs having dabbled into the bitcoin space before that bubble burst. Now, of course, it is AI and today we have another spoof. Those involved in enabling this sort of bollocks, should be ashamed.
CEY
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Centamin – Pleasingly Boring Q4 Update

Fully-listed Gold producer in Egypt, Centamin (CEY) updated the market on FY23 production yesterday. It was pleasingly boring: another quarter – and year – nicely on target with no lost time injuries. Given the rather troubled start this management team oversaw, the delivery of a third year of targets met was pleasing to read about for this loyal shareholder: boring is good!
ARB
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Did Argo Blockchain pull your pants down? Its still a short at a £90m valuation!

As I write, shares in Argo Blockchain (ARB) are trading, down again today, at 15p. Just 17 days ago some folks were paying 35p for the shares. If you have had your pants pulled down on this one you must be asking what the hell happened?
VRS
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Versarien shares now 99.95% down from September 2018 peak – a cartoon from the heyday

Just over five years ago the shares were 182.5p. Today they are struggling to hold 0.09p. You must forgive my schadenfreude as this company’s biggest critic but its shareholders, egged on by repellent founder Neill Ricketts, trolled me – as did Neil himself – on twitter, discussed having me killed in chatrooms and also plotted to get my wife sacked by her University. So I delight in how such folks have lost a fortune. You may remember how one such poltroon produced cartoons mocking and lambasting myself and also Lucian Miers. As a reminder, here is one gem. It has not aged well.
MTW
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Mattioli Woods – half-year trading reflecting business model resilience, recovery Buy

Wealth and asset management company Mattioli Woods (MTW) has issued a trading update emphasising performance reflecting the resilient nature of its business model and that its “outlook for current year remains in line with management's expectations”.
VRS
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GOTCHA: Versarien: How is that turnaround plan going? Bailout placing at just 0.08p! Hope the morons lubed up!

Versarien (VRS) should be demanding a refund from the expensive turnaround specialists” brought in last March: since then the shares have collapsed from 2.5p to just 0.09p as today, as almost exactly predicted in bearcast yesterday, call me mystic fecking Meg, a placing has been announced at just 0.08p. and if you think this is bad, wait for the next placing which will not be long.
MTL
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Metals Exploration – how ‘pleasing’ an exploration tenement acquisition agreement?

Metals Exploration (MTL) has announced a conditional share purchase agreement to acquire a controlling interest in a tenement in the Abra area of the Philippines for $1.6 million and options for up to 41 million new shares at just 0.01p as incentive shares replacements.
KEFI
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Video: Are my fellow Kefi shareholders your top pick for the pub quiz team?

Yesterday Kefi Gold & Copper (KEFI) did a presentation on the Investor Meet platform then took questions from private investors. I'm happy with the presentation and am happy to still rate the shares, at 0.669p as a BUY. They could easily treble this year. I thought boss 'arry Adams was upbeat. But I also worry that some of my fellow shareholders are the sort of morons who give morons a bad name. For light relief just skip to the Q&A. Enjoy. 
Chocolate-Teapot
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BREAKING: The FCA Bottles it: Standard Listed frauds will not need an advisor after all & can "carry on robbing"

Oh dear, oh dear. The FCA had the chance to clean up the sewer that is the Standard List by forcing all companies to retain a regulated advisor, rather as AIM Companies have to retain a Nomad. Fearing losing its license a Nomad should, in theory, stop companies telling outright lies or committing fraud, as happens all too often on the Standard list. But a consultation paper CP23/31 shows that the woke warriors at the FCA have bottled it and thus will allow investors to carry on getting screwed.
XPF
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XP Factory – argues recent trading “very strong”. Why then a balance sheet position that dare not speak its name?…

Previously writing on Escape Hunt, escape rooms, and Boom, ’battle bars’, company XP Factory (XPF), in August with the shares around 17p I wrote half-year trading update, how’s that balance sheet now? – concluding to avoid. What then of a further trading update today with the shares at 16p?

Bearcast
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Tom Winnifrith Bearcast: Doing my research on Amazon while wretched addict Lucian goes to Morrison's

In today's Bearcast I look at Chris Cleverley's fraud Tingo (US:TIO) where it may be D Day, Versarien (VRS), Chill Brands (CHLL), TMT Aquisitions (TMTA) and Belluscura (BELL) and finally at Ceres Power (CWR)
WRKS
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TheWorks.co.uk plc – adjusted EBITDA expectation “currently remains unchanged”. But that’s bullshit earnings – and what of the “currently”?…

Previously writing on arts and crafts, stationery, toys and books retailer TheWorks (WRKS), in November with the shares down to 28.4p I noted consumer spending and competition concerns suggesting its net Christmas outcome not looking promising and to avoid/sell. The shares most recently closed at 27p and today a “FY24 Interim Results and Christmas Trading Update” announcement.

BELL
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BREAKING: Tom Winnifrith & Evil Banksta: Belluscura, TMT Acquisitions, Nigel Wray and Dowgate

Nigel Wray attended my most recent wedding almost ten and a half years ago and he is my friend. Or I really hope that he still is. I do not wish that to change but the optics of the proposed takeover by Belluscura (BELL) of TMT Acquisitions (TMTA) now look terrible for him and he should insist that it be renegotiated. I flagged this up in Bearcast yesterday but I now dig deeper and bring in comment from Evil Banksta who is short of Belluscura.
BGO
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Bingo, Bongo, Bango profits warning, I hate the language and the valuation sucks

I am being lectured today by a hipster accountant who says that I really need to get down with the kids and understand social media influencers, after my podcast yesterday. Perhaps it is because I am something of a dinosaur, or at least someone who looks back to the 1980s with a nostalgic longing, that I have always been a perma bear of technology stock Bango (BGO) which has today served up a ghastly trading statement. But it is not just the content but the wording which, at every level, is a red flag.
WOSG
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Watches of Switzerland – profit warning, hopefully Chris Bailey’s grumpiness on the shares was heeded…

Luxury watch retailer operating in the UK, US and Europe, Watches of Switzerland Group (WOSG) has issued a trading update commencing, “Despite a positive start to the early part of Q3 FY24, WOSG then experienced a volatile trading performance in the run-up to and beyond Christmas”. The use of “volatile trading performance” tends to actually mean poor trading performance…
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