I discuss the Mrs and I both taking tests this morning as we both feel a bit under the weather. Then I look in detail at Chill Brands (CHLL) where the risk-reward of holding until next Thursday is surely terribly unattractive and at Tern (TERN) accounting for Geeks, what is being hidden and why that makes this such a sell and also at Argo Blockchain (ARB).

On listing on AIM in March I concluded on online womenswear group In The Style (ITS), listing at the “top of the valuation range” price was 200p per share, to capitalise the group at £105 million. With that and concern on the sustainability of recent performance; the noted selling shareholders having likewise and hence their selling now?, I certainly currently avoid. I concluded similarly cautiously more recently with the shares at 226p. Today an AGM trading update – and the shares currently down to 165p!

Touchstone Exploration (TXP) is a company that I’ve covered here several times before and which I believe has a lot of potential, and the latest drill results certainly seem to support that still being the case.

In today’s RNS, Tintra (TNT) announced a conversion of £50,000 of its convertible loan stock into 500,000 ordinary shares of 1 pence each at a price of 10 pence per Ordinary Share plus a couple of other transactions. The most significant event was the following:

How many Reckitt (RKT) products have you used this year? I would image we all have at least used one out of the antiseptic brand Dettol, the analgesic Disprin, the sore throat medicine Strepsils, the hair removal brand Veet, the immune support supplement Airborne, the indigestion remedy Gaviscon, the baby food brand Mead Johnson, the air freshener Air Wick or Calgon, Clearasil, Cillit Bang, Durex, Lysol, Mycil, Enfamil, Nutramigen and Vanish.  I first bought the stock just shy of £60 a share earlier this year and then  as discussed here in late July  doubled my position after a share price fall.  Currently I am sitting at a small overall profit and have picked up some dividends on the way but how do I feel about the 96 page ‘delivering sustainable growth’ presentation yesterday?

Pharos Energy (PHAR) has announced its results for the first half of 2021 and agreements for the farm-out and sale of a 55% working interest and operatorship in each of the Egyptian El Fayum and North Beni Suef Concessions.

I would like to see some real diversity on AIM. CEOs & FD’s who are not grossly overpaid are woefully under-represented right now. As are Non Execs who hold CEOs and FDs to account. As for directors going for performance related pay & who buy meaningful amounts of shares in the market, they are almost non-existent. How about getting some diversity by getting rid of layers of fat cats, crony capitalists and fraudsters? Oh, that is not what the AIM awards team means with its new diversity champion award is it?

As with most junior miners, this one told us little of note in its interims today. But yesterday, Standard-Listed Panther Metals (PALM) announced the commencement of drilling at its Dotted Lake property in Ontario, Canada. The campaign with the drill-bit is to be short, with just a single hole planned, but the plan is for a 400m hole to be drilled directly below a historical trench previously excavated in 2010 which threw up some promising samples. Of course, at this stage it is a jam-tomorrow prospect but the drill bit might just prove it is a little more than that and we should find out fairly soon.

A company does not have to say anything on trading, on its prospects or on other matters at an AGM but it can do so and if it has anything good at all to say you can bet the ranch, especially with smaller AIM promotes, that it will say it. And that brings us to the Versarien (VRS) AGM yesterday.

Hello, Share Collectors. Recently, I suggested that big oil companies might be undervalued. Since then the case for that view has strengthened. There seems to be even more reasons to buy shares in these companies, or at least to keep holding them.

Previously writing on Xeros Technology Group (XSG), in July with the shares higher to 232.5p I concluded at that juncture still a jam tomorrow avoid / sell. The shares last closed at 200p and the group has today announced results for the first half of 2021, emphasising “significant milestones with a number of market launches taking place”. So why are the shares currently at 185.5p?…

Cash shell Summerway Capital (SWC) has announced it “is currently in discussions with an immediate opportunity in the healthcare and pharmaceutical sector”, with the shares accordingly suspended and boardroom changes including the exit of the Queen of tech buy and build Vin Murria.

I put them straight that I was of Irish descent but my local village council are having a go at me again and so sent in two officers of Wrexham Council. To be fair, they agreed with me and think the villagers are, again, acting like total poltroons in harassing me whereas the previous owners were allowed to dump asbestos and whatever they wanted. I explain all in the podcast but suffice to say I am angry. Then I look in detail at Tern (TERN) and go far further than Lucian did earlier HERE. Then onto Union Jack (UJO) where nothing now makes sense. I also look at the crazy world of Wildcat Petroleum (WCAT) once more and add my tuppence worth on the scandal that is Seraphine (BUMP).

Yes, you read that correctly, the US ADR placing of Argo Blockchain (ARB) involved ELEVEN different brokers. Jefferies, Barclays, Canaccord Genuity, Stifel, GMP, Compass Point, D.A. Davidson & Co, Ladenburg Thalmann, Roth Capital Partners, finnCap and Tennyson Securities are the team batting for Argo and will no doubt boast that they raised £82.4 million having targeted just £75 million. But…

I have identified Tern (TERN) previously as a compelling short as nothing it says makes sense, the stated NAV is about 9p at best and the shares are 19.25p. But that NAV is bogus! The main component of NAV ,just over 50% is a holding in Device Authority but there is a bombshell out there Tern is not telling folks about. Device looks to be insolvent.

A “Trading Statement” announcement from Seraphine Group (BUMP), a maternity and nursing wear company which only listed on 16th July. Should be fine then, a mere just over 2 months since listing…

The first time I mentioned shares in the international sports betting and gambling company Entain (ENT) it was known as GVC and we knew it best for brands such as bwin, Coral, Ladbrokes, Foxy Bingo, Gala, partypoker and PartyCasino. But I noted back in July, whilst you could make positive chat about the then European football championship, on the growth of its BetMGM exposure ‘the US is playing catch-up given a lot of online sports gambling has only recently been allowed’. You can call if right or wrong, but that is a 2020s reality.

Union Jack Oil (UJO), has be one of the most frustrating share listed on AIM as it holds so much potential within its UK onshore oil and gas asset base. But with any microscale oiler looking to establish a profitable future you have to have to believe in what it is doing, and the shenanigans over this latest placing is the final straw for me. The risk reward balance has now tipped the wrong way and I have lost the faith.

Make no mistake, a bailout placing is underway at Wildcat Petroleum (WCAT) as revealed in yesterday’s bearcast. Today, a new adviser to replace disgraced Pello Capital, currently banned by the FCA from doing any business, has forced it to come clean so that it can place.

Hello, Share Blasters. I’m now venturing outside my comfort zone. Knowing now’t about football, and caring less, I thought you might like to take a look at Celtic plc (CCP). It has of course been battered by covid, but this massive headwind is falling away now.