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Latest News

Bear

June performance update: start of 2021 top shorted London-listed shares

Early this year we showed the top shorted London-listed shares at the start of 2021. How’s the performance (those in bold remain from 2020) as at the end of June?…

GYM

Gym Group – how “successful” the placing and likely outlook?

Gyms operator Gym Group (GYM) has announced “successful completion” of a placing raising a gross £31.2 million. How ‘successful’ is the placing and what’s the outlook from here?…

Bearcast
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Tom Winnifrith Bearcast: Another gotcha for the Sheriff - this time it's Bidstack, bailout placing at 2p

In today’s bearcast with myself and Joshua recorded in Metsovo, I comment on MyHealthChecked (MHC), Boots & EasyJet, the blooming Poulden Lenigas bromance, on Zoetic (ZOE) and on Bidstack (BIDS). More ouzo tonight methinks. 

HEAD
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Informative eighty page presentation by Headlam!

Yesterday I briefly mentioned that Headlam Group (HEADwas holding a capital markets day later on Thursday. Whilst it was good to read from the floor coverings distributor that ‘total revenue for the year-to-date is now in-line with the 2019 comparison’, what else did the capital markets day tell investors?

RRR
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Red Rock Resources – Andrew Bell responds to hat eating let-down says shares will hit 10p

I have yet to work out how to find a hat to eat as per my bearcast the other day regarding Red Rock Resources (RRR) but its boss Andrew Bell thinks I am being beastly to him and unfair and has posted a detailed rebuttal on the comments section. I suppose this merits a wider audience. Do you think I am too harsh on Bell? Here is what he says:

TERN
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Tern – Wyld Coyote runs off the edge of the cliff as joke IPO flops. Is it time for another Ouzo?

So the truth is out. AIM-listed jam-tomorrow investment company Tern plc (TERN) teased the market with plans to list investee Wyld Networks in Stockholm on the Swedish Nasdaq First North market. The BBMs went (ahem..) wyld with excitement, marking Tern’s shares up as high as 29p against a last-stated NAV per share of just 7.3p as the IPO approached. Tern was going to the moon…….until today.

I3E
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I3 Energy has turned things around and has plenty of potential to continue heading in the right direction

I3 Energy (I3E) has been a great example of why past failure doesn’t necessarily point to a continuation of that in the future – in the same way that past success doesn’t mean that a company or management team will manage the same again.

Bear
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Sell Tern, but Kier a buy...

Misguided excitement over the imminent IPO of investee company Wyld Networks has propelled the shares of Tern plc (TERN) to 27.5p, giving it a market value of £88 million and providing, in my opinion, a decent entry point for a short position.

BMV
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Bluebird Merchant Ventures – agreement to acquire remaining 50% of South Korea projects (at last!)

After what even the company admits has been a “lengthy” process (just a bit!), Bluebird Merchant Ventures (BMV) is “delighted that at a pre-deal market capitalization of £13 million the company has just doubled the assets of the business for a cost of approximately £7 million”. Is it right to be delighted?

BIOM

Plant Plastic Pioneer Hits a Snag, but Should Eventually Catch Up and So I Keep My Shares

Hello, Share Scrapers. One of my babies has had an unforeseen set back. Biome Technologies (BIOM) had just shed about a third of its value on an admission that one of its main clients has fallen short of expectations. However, the reaction seems overdone and as I write the share price is now 20% down.

ENQ
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EnQuest – “proposed issuance of equity”, recovery value - take up open offer

EnQuest (ENQ) has announced a proposed issuance of equity “in line with the announcement on 4 February 2021”. So what was that announcement and what is the proposed equity issuance and its impact?

DVRG

DeepVerge – 2020 results, attempted ‘no one watching o’clock’?

Previously writing on environmental and life science company DeepVerge (DVRG), in March with the shares at 32.5p I noted the balance sheet and concluded the businesses’ track record and an already more than £56 million market cap saw me continue to avoid. It has since raised £10 million of new equity at 30p per share and now announced full-year results (at a 5:28pm, hmmm!). So what now?…

ALT

Altitude Group – trading update, is it really “well positioned”?

Self-styled “operator of a leading marketplace for the global promotional products industry” Altitude Group (ALT“is pleased to report that the group continues to trade positively” – and the shares have currently responded back above 40p, 9% higher. However, what does its “positively” actually mean?…

CDL
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Sub-Standard Listed Cloudbreak Discovery (formerly Imperial X): More Ramptastic News, so why the 12% Share Price Decline?

New-boy to the London Stock Exchange’s (sub-)Standard List, Cloudbreak Discovery (CDL), which listed as Imperial X – such was the hurry to get the IPO away, has announced yet more ramptastic news. This time it is investee Imperial Helium which the company is banging the drum about, as commercial field operations have commenced. So why are the shares off by 12% at 2.85p – now below the IPO price?

BIOM
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Biome Technologies – “trading update”, how “robust”?

Previously writing on bioplastics and radio frequency systems company Biome Technologies (BIOM), in April with the shares at 350p I concluded ‘assembling the drivers for growth’ and enquiries are very different to the delivery of profitable growth and the market cap here is still above £13 million. As such, at this juncture, still only on my watchlist. The shares last closed at 480p but are currently slumping back towards previous levels on the back of a trading update. So what’s happened?…

Newsboy
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Busy 1st July re. GlaxoSmithKline, BT Group and Headlam

Entering a new month, a new quarter and a new half-year is always a busy moment. However rather than rambling on about whether the markets can push on further from the gains of the first six months of 2021, let’s look at a few stocks that have said something interesting this morning. After all it patently is an active and not a passive stock market out there.

Bearcast
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Tom Winnifrith Bearcast: Disagreeing with Nigel on Ariana and disagreeing with PL on Bluebird/Southern Gold

I record this early in the Greek morning as today is a road trip day as Joshua and I head to Vlach land. I cover two stocks I own – Ariana (AAU) where I am less excited about a special dividend than is Nigel. I reckon its strategy is wrong. And Bluebird Merchant Ventures (BMV) where I explain why PL’s suggested proxy purchase of Southern Gold is not as smart as he thinks it is.

ZOE
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Zoetic – more bluster but drill down on the US and this is a lack of sales & missed targets warning

The fraud Zoetic International (ZOE) has announced the launch of its Chill brand in the UK. So what? The brand is almost unknown and without any real cash to create brand awareness sales will impress nobody. Of more interest is news from the US which really should set alarm bells ringing for morons owning this stock.

LAM
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Even if you like the potential of Lamprell, I can see no good reason to buy until equity financing is confirmed - avoid

Energy services provider Lamprell (LAM) saw its share price take a big hit following the release of its annual results for 2020, which included a statement about the need to raise further capital via an equity issue – the exact amount and terms of which is yet to be announced.

WATR

Scorching Weather Could Open the Floodgates for Water Intelligence

Hello, Share Herders. It’s pretty sultry around here at the moment. Thanks to climate change we may be in for a long hot summer. Not just here, but all over the world. In Canada and the USA, folks are being carted off to hospital as they struggle with record temperatures of 125 degrees. All this heat makes water the most precious commodity on the planet. Which brings me back to an old favourite; Water Intelligence (WATR).

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