At the start of this month Mobile Streams (MOS) was “delighted to announce its monthly revenue now exceeds $150,000 per month across all channels. This is an increase of 87.5% in monthly revenue since the company’s update on 1 December 2021”. However, revenue is, of course, vanity and today “Placing and Proposed partnership”…

This is awful. After a number of communications between myself and the FCA, the regulator of the Standard List, the fraud Chill Brands (CHLL) has been forced to come clean on its related party “loan”. And the truth is awful. Chill now admits that nearly all of its H1 sales were in fact booked to a key shareholder which has not paid for the product bought. This is a pig and pork fraud as I suggested in THIS podcast sent to the FCA the other day. 

Hello Share Takers. We live in a more scary world by the day, with war in Europe, Covid cases, the increasing cost of living and inflation. And what do many people do in nervy conditions? They stay inside more, knowing the Briton’s home is their castle. That’s why indoor gaming is growing by the day. And you’ll know it’s already a massive industry. The latest figure I have is £61 billion a year. And that’s more than the cinema and the music game combined.

It was announced at 2.54pm today that fully-listed – and suspended for two years in the wake of a catastrophic controversy involving undeclared debts and so on – has finally been placed into administration, under the care of PKF GM. Having lost a second auditor last week with no accounts published since August 2019 (the half-year to June 2019) that was already a very bad sign and now it is over to PKF to perform the last rites.

Previously writing on data science-specialising marketing and consulting company Jaywing (JWNG), in August with the shares at 12.75p I questioned how ‘pleasing’ “an increase in underlying earnings” and continued to avoid. What now with the shares at 9.75p and following a “Directorate Change” announcement today?…

Of course ,for the diehard cultists it will all be different this time. Or next time. Or the year after. But it will not be. A hat tip to reader G for this table of Versarien’s (VRS) track record up to the end of March 2021.  When we update it with the next numbers it will look even worse.

I discuss those threats and at a company level I add commentary on Nightcap (NGHT), Cake Box (CBOX) Chill Brands (CHLL), Cellular Goods (CBX) and Supply@ME Capital (SYME)

Following, in January, excellent analysis noting accounting issues by Maynard Paton and added to by Tom Winnifrith on this website, Cake Box Holdings (CBOX) played it down as “commentary from a retail investor blogger”. Now “Management Changes and Trading Update”…

Capricorn Energy (CNE) has seen its share price weaken since it announced a tender offer as opposed to a special dividend, which many investors had been expecting, but remains one to hold.

On 21st February Fusion Antibodies (FAB) announced the resignation of CEO Richard Jones, though stating “Richard will remain with the company while arrangements are put in place for his successor. The board has initiated a formal search for a new CEO”. It has today announced that “Richard Jones has now stepped down from his role as CEO, effective from 11 March 2022”. Who’s the successor then?…

Like all piss poor companies, in the end NightCap (NGHT) will run out of other folks’ cash.  But there are also massive corporate governance red flags to address. In my article of Saturday 20 November 2021, A GROWING SCANDAL: Sarah Willingham’s Nightcap: questions for the independent non executives and the auditors, I focused on two payments made to Sarah and her husband Michael Willingham-Toxvaerd being:

Regular readers may recall what I said about Phoenix Group Holdings plc (PHNX), “one of the largest providers of insurance services in the United Kingdom” last August, when I observed that it was smarter to watch “a Phoenix Nights DVD rather than (own) Phonenix Group shares”. If you haven’t ever watched the comedy series from about twenty years ago, then my view remains that you really should. But what about shares in the latter which had its full year numbers today?

We shall come to the matter of the £167,500 and other ESG red flags later, for now let’s focus on interims from NightCap (NGHT) which show very clearly that a cash crisis is imminent.  The half year is to 26 December. That means you get a full month’s takings in what is the busiest month but since you don’t pay suppliers for at least 30 days and avoid 5 days of largely income free costs, the balance sheet flatters to deceive.  I have asked NightCap on what day it pays its staff but so far it has not responded. I wonder why. Even with the bodges the numbers are dire.

Hello Share Punchers. House building seems to me a promising sector and my favourite member of the group continues to be Berkeley (BKG). The future looks bright with underlying sales reservations slightly better than before the virus.

There was no Bearcast yesterday as I was a) knackered after a tough Rogue Bloggers for Woodlarks training walk and then b) a bit pissed after Ireland’s triumph over the infidels. You can now donate to the 2022 Rogue Bloggers walk on June 11 HERE. In today’s podcast I discuss Optibiotix (OPTI), a long chat with Steve O’Hara and an, in my view, mistaken, but for him massive, call by Lemming Investor. I also cover SkinBiotherapeutics (SBTX). The Russia/Ukraine podcast I refer to is HERE

Back in August last year I observed that “when the FTSE 100 dumps next, have a look at Prudential (PRU)”.  So given that markets have been volatile year-to-date and the insurance giant has in the last week published its full year 2021 results, how am I thinking about the stock today?

Grab a cup of tea, sit back, and test your knowledge against the other ShareProphets members. Write your score in the comments, there are no prizes, and most important of all – no Googling!

This week we have annual results from fully-listed Centamin (CEY) on Wednesday and I’m hoping for production guidance from AIM-listed Ariana (AAU). But with the Gold price all over the shop it will also be interesting to see how the coming week plays out for fully-listed investment trust Golden Prospect (GPM).

Here are five long reads that have nothing to do with shares. Put the kettle on, find a comfy chair. You have the time, don’t you? 
 

What a week! A week ago Gold was at $1973 and threatening to take out the all-time high from August 2020 at $2063. It squeaked over $2070 intra-day on Tuesday then in a volatile week dropped back down to $1960 on Friday, before recovering to close the week at $1991. Silver had a similar whip-saw week, as did markets in general – and I fancy that we are in for more of the same next week as Ukraine continues to play out, the Fed announces its first interest rate hike (or not….) and inflation continues to run amok.