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Latest News

Boom

Words of wisdom from Julie "Lingerie on Expenses" Meyer on the campaign to get more women on boards

The subject of an FCA Criminal enquiry into alleged misuse of client funds, owing millions in unpaid taxes to the HMRC and IRS and now facing jail for contempt of court over yet another unpaid legal bill, Julie “Lingerie on Expenses” Meyer MBE has given her thoughts on the great issue of our time: the need to get more folks like her on boards. With no comment from me she opines:

ZOE
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Zoetic – engagement with TMS & misleading "research": the whiff of panic is overpowering

The fraud Zoetic (ZOE) pays thousands of pounds a month to the employer of journalist smearing morally bankrupt PR man Henry Harrison Topham to get it positive press coverage. Natch he fails to deliver any at all so with the shares falling at a rate of knots what to do?

VRS

Ian Westbrook: Twenty thousand thanks to everyone who has supported my fundraiser

On Tuesday evening we reached the £20,000 target for my fundraiser to defend myself against the charges of defamation brought by Neill Ricketts of Versarien (VRS). My heartfelt thanks to all ShareProphets readers and subscribers who have pledged money or expressed their goodwill and support. It has helped sustain me through a difficult and stressful time.

SPX

Take a Look Here as this Niche Giant Steams Ahead with Boiling Profits

Hello Share Splurgers. One of my best Footsie plays has handed in jocund results for the first half of this year. Spirax‐Sarco Engineering (SPX) is a heavy manufacturer dealing mostly in steam power. It’s reported revenue of £643.7 million compared to £569.7 million last time. And even better is that adjusted operating profit came in at £162.9 million, as opposed to £119 million last time.

HE1
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Drilling disaster for the massively over-hyped Helium One Global

Helium One Global (HE1) seems to be yet another in a long line of natural resources exploration companies that got way ahead of itself in terms of both shareholder and management expectations, before coming crashing back to earth when actual drilling gave it a reality check.

Bearcast
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Tom Winnifrith Bearcast: Pardonnez moi je parle le Francais pour Jean Marc. Il est un grenouille qui achete merde

Maybe I have got my Franglais a bit wrong but I do my best as I explain why Jean Marc just does not get it with Braveheart (BRH) and the spiv Trevor Brown. I start with a few more words on why I hate the Greek seaside which the Mrs forces me to go to and which has put me in a foul mood as a result. It always does as I noted a few weeks ago. I then look at the ramptastic disaster that is Helium One (HE1) and then, mentioning today’s Pello expose, I go onto a detailed analysis of the position at the fraud Zoetic (ZOE) and why the shares, now down to 39.25p, are heading to between 0p and 5p.

RRR
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Red Rock Resources – Australia and DRC updates and company chat, Buy but now a lot of buts

Red Rock Resources (RRR) has made Australian gold joint venture and DRC copper-cobalt project drilling updates and, though the shares are still up from circa 0.5p a year ago, at 0.625p they are down from more recent levels this year and are, in fact, back at our original tip price. So what’s the story? Well it is one of more non-delivery from Andrew Bell. Great potential but a CEO not doing what he said he would do.

RTC

RTC Group – argues “outstanding further contract award”. How ‘outstanding’?...

Shares in recruitment group RTC (RTC) are currently down 11p today to 54p – but that after a prior close of 35.5p and having commenced 2021 at 42.5p, so what’s going on?…

ROO
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Deliveroo: still delivering a lack of profitability

I reckon that Deliveroo (ROO) has delivered to my home once.  It was okay but – in my view – a bit of a rip off, but it was something a bit different for the family to try.  As for Deliveroo shares I have never owned them, regarding the IPO a few months ago as being at a bonkers price.  Since the share price low of early April, the stock has pushed up but if you did participate in the IPO in March, then you are still losing money. Last month here I wrote some thoughts on its ‘progress’ but observed that I was still avoiding the shares as ‘the underlying reality answer we all need to figure out is where profitability is going to be in full year 2021 and 2022’.  That’s the trouble with a company where the mention of ‘gross profit’ means that it is all going to be comedy EBITDA centred (at best).

VAST
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Vast Resources should sue Tom Winnifrith for defamation says a Fleet Street legend

So says Fleet Street legend Brian Basham. Given that Brian has accused Vast’s (VAST) board of malfeasance and repeatedly called on the useless regulators to act against the company I doubt he has its best interest at heart. This is one case I would love to fight so bring it on Vast: see you Bitchez in Court! So what is Brian’s point?

AAU
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Ariana – More Drilling Results, This Time From Arzu Central: BUY, I will almost certainly be doing so

Drat and double drat. There I was yesterday thinking that shares in AIM-listed Gold (and Silver) producer in Turkey Ariana Resources (AAU) were incredibly cheap at 4.4p and contemplating another purchase – but then other things got in the way and I didn’t add to my over-sized holding. And so today we got another round of drilling results, this time from Arzu Central,  and the stock is up 6% to 4.65p. Somebody obviously likes the news…..

VRS

The Versarien Cultists have their cake and eat it as Ian Westbrook hits £20,000 target - start sweating Neill Ricketts

The good news is, and I thank so many generous Shareprophets readers, that Ian Westbrook has – as you can see here – raised £20,000 and so, in January, the loathsome pig Neill Ricketts will get to sweat in Court. I shall be preparing my deposition for Ian’s barrister next week. Natch the Bulletin Board cultists were driven to a frenzy of rage by this.

Clown
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The FCA fights a pointless 20th century fight and undermines a basic principle of capitalism trying to stop Banks closing branches

If I run a company surely I get to decide where I operate as long as I am operating legally? Surely that is how capitalism works? You do not get the State telling a retailer, hotelier or restaurant chain owner that it must keep a given outlet open even if it is losing money so why the hell is the FCA trying to do just that with banks?

MRW

Reason to Hang onto Morrisons Shares as the Take-Over Tussle May Not Be Over

Hello, Share Wonderers. What about shares in Wm Morrison Supermarket (MRW)? There’s a takeover situation which can see the price rise. But it’s also been argued on this illustrious website recently that it might be better to sell at the across-the-counter price now because if rivals walk away, we can expect the share price to retreat.

Bearcast
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Tom Winnifrith Bearcast: Andrew Bell now officially drinking in the last chance saloon at the Punter's Return

I start with a few reminiscences about how myself and George the Architect exposed the InternetQ fraud. Then I cover: Kefi (KEFI), Supply@ME Capital (SYME) and More Bull from it, Vast Resources (VAST), Purplebricks (PURP), Argo Blockchain (ARB), Verditek (VDTK) and Andrew Bell’s Red Rock Resources (RRR).

BKS

Beeks Financial Cloud – “pleased to announce” a new launch & trading update, but what’s already in the price?...

Financial markets cloud computing and connectivity group Beeks Financial Cloud (BKS“is pleased to announce the launch of Proximity Cloud, the industry’s first private cloud environment for financial markets and to provide an update on trading for the year ended 30 June 2021”. The shares have though responded currently slightly lower to 122p, so what’s the outlook?…

VAST
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Vast Resources: Guess what? It’s another discount placing but what about those dividends you lying bastards?

Back in April Vast Resources (VAST) managed to persuade shareholdcers to approve a 100-1 share consolidation by telling them a stack of blatant lies, lies which have been shown up with news today of yet another discounted placing.

TPG
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TP Group – following ‘business review’ recovery?, “approach from Science Group”...

Following Science Group (SAG) informing that it had acquired a 10.2% shareholding, TP Group (TPG) has noted “recent speculation and announces that it has received an approach from Science Group plc regarding a possible offer” – and Science Group has responded. With shares in TP Group currently up 33% at 5.2p, what’s the detail?…

FAB

Fusion Antibodies – results argue “significant progress”, so why more than 7% share price decline?...

Fusion Antibodies (FAB) has announced results for its year ended 31st March 2021 emphasising “significant progress with sustained revenue growth, progress on the R&D pipeline, and continue to expand our range of services”. So why are the shares, at 125p, currently more than 7% lower in response?…

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ANP

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Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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