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JLP
premium content

Jubilee Metals – half-year operational and financial update, still a Buy?

Jubilee Metals (JLP) states that it “is pleased to announce its unaudited operational results for the six months to 31 December 2021” and that it looks forward to “the next six months with the full impact of the Inyoni facility being felt, as well as the targeted ramp-up at Roan enabling us to take another major step in our commitment to achieve annual copper production of 25 000 tonnes”. So what of a current 16.3p share price, £396 million market capitalisation?

ASHM
premium content

In a growing emerging markets decade should you buy shares in Ashmore?

The 1980s was a great decade in many ways with the best music, best prime minister, massive new excitement about capitalism and much, much more. It was a great decade to be a teenager and learn about shares through reading the Daily Mail.

MNZS
premium content

John Menzies – possible offeror hits back at ‘opportunistic’ and ‘fundamentally undervaluing’, arguing “a compelling opportunity”...

The National Aviation Services business of Agility Public Warehousing Co. has noted the “Rejection of Unsolicited Approach” announcement from John Menzies plc (MNZS) yesterday and argues its possible 510p per share offer “represents a compelling opportunity for shareholders to realise full value for their investment in cash” and that it “is a disciplined investor… we urge Menzies’ shareholders to consider carefully… our offer”. So what to make of this?…

ODX
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Breaking – Omega Diagnostics set to announce hugely discounted £7m placing and open offer at 5p within hours!

A reliable source tells me that Omega Diagnostics (ODX) has completed a c£5 million placing at just 5p. And given how the morons who own this stock – which at 9.9p is capitalized at £17 million – will be royally diluted, there will also be an open offer at the same price to raise up to £2 million.

CMET
premium content

Capital Metals – Where’s Gasser when you want him?

Tom Winnifrith commented on Capital Metals (CMET) in yesterday’s bearcast.  This is a share I have held, on and off, for the last year. I like the potential, and the valuation appeared unstretched, but yesterday’s placing came as no surprise to me at all. I actioned my hunch back in December and sold 80% of my shares, but is it now a buy?

EMIS

Consider Not Giving EMIS a Miss when Researching an Outfit Set to Benefit from the Boom in Medicine

Hello Share Swaddlers. Family doctors are in demand more than usual in the wake of covid. Many more are being trained than is usual as it’s suddenly become a fashionable career and to serve an ageing population we’ll soon have many more medics per person. They all need tools for the job. And more and more reliance is being laid by medical folk on computers. Which brings me to today’s choice of EMIS Group (EMIS).

ITX

Itaconix – “trial for Sustainable Superabsorbent”. Ramptastic!

Self-described “leading innovator in plant-based specialty polymers used as essential ingredients in everyday consumer products”, Itaconix (ITX“is pleased to announce that it has supplied product for the first production trial using the company’s plant-based superabsorbent, VELAFRESH SAP80”. But what of a share price currently up by more than 20% to 3.65p in response?…

MNZS
premium content

John Menzies plc – are takeover approaches ‘opportunistic’ and ‘fundamentally undervaluing’ it?...

Having ended January at 286.5p, shares in aviation services company John Menzies (MNZS) were subsequently quite subdued and closed at 282p on 4th February. There were then rises on 7th February to 320p and 8th February to 335p… and then today a “Rejection of Unsolicited Approach” announcement. Of course, nothing to see re. that trading though folks – this is the London Stock Exchange’s ‘Premium Main Market’ after all! And what of the ‘approach’?…

Bearcast
premium content

Tom Winnifrith Bearcast - Did Capital Metals pump then dump

I start with two attempts to restrict what I say, one HERE and another to be discussed later. This is the sort of day when I consider packing it all in, chucking my laptop in the river and spending the rest of my life gardening and keeping goats. Then onto Capital Metals (CMET), Chill Brands (CHLL) and Optibiotix (OPTI)

SYS1

System1 Group – ‘in line with expectations’, well not fully...

Marketing decision-making platform group System1 (SYS1) has made a third quarter trading update noting revenue growth and “profitability was in line with management’s expectations”, so why a current more than 9% lower share price response to below 400p?…

CHLL
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Chill Brands "landmark partnership" – my arse, desperate spoof announcement

Set to run out of cash and go bust within weeks, the fraud Chill Brands (CHLL) is again deceiving investors with news of a “landmark partnership” which is neither a landmark or a partnership. The deal is with a company called Fabric.

BDEV
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Whilst I wait for GlaxoSmithKline to split itself…more on the UK housing market via Barratt Developments

I am looking forward to the GlaxoSmithKline (GSK) conference call later today. Whilst technically it is focused on the full year 2021 numbers out earlier today (which showed rising sales and falling profits), far more important is the confirmation that it is ‘on track to demerge a new world-leading Consumer Healthcare business mid-2022’. Last month I was amused by the (ultimately unsuccessful) partial bid approach by Unilever (ULVR) but my instinct is that the Pharmaceutical / Vaccines business is still underappreciated going forward. I was certainly pleased to see the ‘pipeline of 21 vaccines and 43 medicines’ angles and I do wonder – when the business split occurs in a few months time – whether not only retaining but adding to this part of the business. Something to be more thoughtful about later this year whilst, despite the excellent total return performance over the last year, I remain a strong HOLDer. So whilst I continue to hang onto my GlaxoSmithKline shares…what do I make of today’s interim results announcement from FTSE 100 housebuilder Barratt Developments (BDEV)?…

APOL
premium content

EXPOSE: Apollon Formularies, the POS that was Afriag – spoof news on joke Jamaica ganja valuation as cash crisis looms

Once a dawg with fleas always a dawg with fleas. I covered the horrors of David Lenigas created horror story Afriag (AFRI) in full. Eventually after too many criminals such as Yusuf Kajee were exposed by this fine website, the company was booted off AIM and then, via a RTO organized by those scallywags at Peterhouse which took two years to consumate, became a medicinal cannabis play based in Jamaica and listed on the Aquis lobster pot. On April 13 2021 £2.5 million was raised at 5p and the company became Apollon Formularies (APOL). Now follow the white rabbit for the shares are now 2.6p and a cash crisis looms.

FUL
premium content

Fulham Shore, Franco Manca for sale question, pointless PR response

About 24 hours ago I asked Lucy Wallam of Hudson Sandler if she could get a response to a rumour I had heard that her client, Fulham Shore (FUL) is endeavouring to sell its, in my view rather grotty, Franco Manca chain.

BP

BP Falters on a Mind-Blowing Profit but that Unwarranted Wobble Should Be Short-lived

Hello Share Shooters. The news led the bulletins everywhere – BP (BP.) had made a monster profit of £9.5 billion. Now I opined a few months back that once the results were out for the big oilers, the share prices should shoot ahead. Yet on the first day of BP’s good news for shareholders, the shares started well, but then slipped. Why should this be and should we be worried?

FIN

Finablr – Word From Beyond The Grave

That fully-listed Finablr (FIN) has not yet be dumped off the London Stock Exchange is a bit of a mystery to me as it is surely insolvent without hope of redemption. But it is still there and this afternoon, as the City was clearing its desks for the day at 4.07pm came an announcement.

NFX

Nuformix – “pleased to announce” a service contract, but why?...

Nuformix (NFX“is pleased to announce that following the company’s signing of an exclusive global licensing agreement with Oxilio Ltd for NXP001 on 13 September 2021, Oxilio has progressed the product and signed a significant service contract”. What though of a 29% share price rise in response, to 1.3p here?…

Bearcast
premium content

Tom Winnifrith Bearcast: Reasons to defund the BBC No 897 - Martha Kearney, BP and dividends

I start with the economically illiterate state broadcaster and almost despair. Then it is onto Gareth M Edwards, Duncan Soukup, Anemoi (AMOI) and Alina (ALNA). Then it is onto ADVFN (AFN), Eurasia Mining (EUA), Jubilee Metals (JLP), Omega Diagnostics (ODX) and Ocado (OCDO

Collapsing-Reactor

Video: Inflation is Here to Stay, shares will tank

Asset manager Kevin Smith warns that the Fed has lost control of inflation, equities are bound to fall sharply and you just know where to go to save your wealth!

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