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Versarien shares now 99.95% down from September 2018 peak – a cartoon from the heyday
Just over five years ago the shares were 182.5p. Today they are struggling to hold 0.09p. You must forgive my schadenfreude as this company’s biggest critic but its shareholders, egged on by repellent founder Neill Ricketts, trolled me – as did Neil himself – on twitter, discussed having me killed in chatrooms and also plotted to get my wife sacked by her University. So I delight in how such folks have lost a fortune. You may remember how one such poltroon produced cartoons mocking and lambasting myself and also Lucian Miers. As a reminder, here is one gem. It has not aged well.- By Tom Winnifrith, the Sheriff of AIM |
- 19 January 2024, 10:10 |
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Mattioli Woods – half-year trading reflecting business model resilience, recovery Buy
Wealth and asset management company Mattioli Woods (MTW) has issued a trading update emphasising performance reflecting the resilient nature of its business model and that its “outlook for current year remains in line with management's expectations”.- By Tom Winnifrith & Steve Moore |
- 19 January 2024, 09:48 |
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GOTCHA: Versarien: How is that turnaround plan going? Bailout placing at just 0.08p! Hope the morons lubed up!
Versarien (VRS) should be demanding a refund from the expensive turnaround specialists” brought in last March: since then the shares have collapsed from 2.5p to just 0.09p as today, as almost exactly predicted in bearcast yesterday, call me mystic fecking Meg, a placing has been announced at just 0.08p. and if you think this is bad, wait for the next placing which will not be long.- By Tom Winnifrith |
- 19 January 2024, 09:36 |
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Metals Exploration – how ‘pleasing’ an exploration tenement acquisition agreement?
Metals Exploration (MTL) has announced a conditional share purchase agreement to acquire a controlling interest in a tenement in the Abra area of the Philippines for $1.6 million and options for up to 41 million new shares at just 0.01p as incentive shares replacements.- By HotStockRockets |
- 19 January 2024, 08:35 |
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Video: Are my fellow Kefi shareholders your top pick for the pub quiz team?
Yesterday Kefi Gold & Copper (KEFI) did a presentation on the Investor Meet platform then took questions from private investors. I'm happy with the presentation and am happy to still rate the shares, at 0.669p as a BUY. They could easily treble this year. I thought boss 'arry Adams was upbeat. But I also worry that some of my fellow shareholders are the sort of morons who give morons a bad name. For light relief just skip to the Q&A. Enjoy.- By Tom Winnifrith |
- 19 January 2024, 08:14 |
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BREAKING: The FCA Bottles it: Standard Listed frauds will not need an advisor after all & can "carry on robbing"
Oh dear, oh dear. The FCA had the chance to clean up the sewer that is the Standard List by forcing all companies to retain a regulated advisor, rather as AIM Companies have to retain a Nomad. Fearing losing its license a Nomad should, in theory, stop companies telling outright lies or committing fraud, as happens all too often on the Standard list. But a consultation paper CP23/31 shows that the woke warriors at the FCA have bottled it and thus will allow investors to carry on getting screwed.- By Tom Winnifrith |
- 18 January 2024, 16:27 |
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XP Factory – argues recent trading “very strong”. Why then a balance sheet position that dare not speak its name?…
Previously writing on Escape Hunt, escape rooms, and Boom, ’battle bars’, company XP Factory (XPF), in August with the shares around 17p I wrote half-year trading update, how’s that balance sheet now? – concluding to avoid. What then of a further trading update today with the shares at 16p?
- By Steve Moore |
- 18 January 2024, 16:22 |
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Tom Winnifrith Bearcast: Doing my research on Amazon while wretched addict Lucian goes to Morrison's
In today's Bearcast I look at Chris Cleverley's fraud Tingo (US:TIO) where it may be D Day, Versarien (VRS), Chill Brands (CHLL), TMT Aquisitions (TMTA) and Belluscura (BELL) and finally at Ceres Power (CWR)- By Tom Winnifrith |
- 18 January 2024, 15:53 |
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TheWorks.co.uk plc – adjusted EBITDA expectation “currently remains unchanged”. But that’s bullshit earnings – and what of the “currently”?…
Previously writing on arts and crafts, stationery, toys and books retailer TheWorks (WRKS), in November with the shares down to 28.4p I noted consumer spending and competition concerns suggesting its net Christmas outcome not looking promising and to avoid/sell. The shares most recently closed at 27p and today a “FY24 Interim Results and Christmas Trading Update” announcement.
- By Steve Moore |
- 18 January 2024, 14:30 |
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BREAKING: Tom Winnifrith & Evil Banksta: Belluscura, TMT Acquisitions, Nigel Wray and Dowgate
Nigel Wray attended my most recent wedding almost ten and a half years ago and he is my friend. Or I really hope that he still is. I do not wish that to change but the optics of the proposed takeover by Belluscura (BELL) of TMT Acquisitions (TMTA) now look terrible for him and he should insist that it be renegotiated. I flagged this up in Bearcast yesterday but I now dig deeper and bring in comment from Evil Banksta who is short of Belluscura.- By Tom Winnifrith |
- 18 January 2024, 13:17 |
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Bingo, Bongo, Bango profits warning, I hate the language and the valuation sucks
I am being lectured today by a hipster accountant who says that I really need to get down with the kids and understand social media influencers, after my podcast yesterday. Perhaps it is because I am something of a dinosaur, or at least someone who looks back to the 1980s with a nostalgic longing, that I have always been a perma bear of technology stock Bango (BGO) which has today served up a ghastly trading statement. But it is not just the content but the wording which, at every level, is a red flag.- By Tom Winnifrith |
- 18 January 2024, 12:12 |
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Watches of Switzerland – profit warning, hopefully Chris Bailey’s grumpiness on the shares was heeded…
Luxury watch retailer operating in the UK, US and Europe, Watches of Switzerland Group (WOSG) has issued a trading update commencing, “Despite a positive start to the early part of Q3 FY24, WOSG then experienced a volatile trading performance in the run-up to and beyond Christmas”. The use of “volatile trading performance” tends to actually mean poor trading performance…- By Steve Moore |
- 18 January 2024, 11:57 |
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Canadian Overseas new interim CEO kills 2 birds with one stone: now to kill the shares
It's one in one out at a NED level but nothing much to read there: nobody hangs around long at the sinking ship that is Canadian Overseas Petroleum (COPL). The bigger news is that we have a new CEO although only an interim one, natch.- By Tom Winnifrith |
- 18 January 2024, 10:32 |
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Churchill China – “pleased that we have delivered a good result in 2023”. How “good” though & what about the outlook?…
Describing itself as a “manufacturer of innovative performance ceramic products serving hospitality markets worldwide”, Churchill China (CHH) has issued a trading update including stating being “pleased that we have delivered a good result in 2023 and have continued to improve profitability and levels of efficiency”. So what of a current 1250p share price, down approaching 6%?- By Steve Moore |
- 18 January 2024, 10:06 |
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Catenae Innovation – Another Change Of Name (Pointless), Share Consolidation, More Confetti…..Why No Mercy Killing?
AIM-listed serial crock Catenae Innovation (CTEA) has announced a change of name, a General Meeting to approve a share consolidation and wants to issue yet more boatloads of confetti as it searches for an acquisition which might offer a viable business. But first it has to deal with a convertible loan facility – hence the capital reorganisation, as the shares are well below par. I don’t know why it is not just being taken outside for a mercy killing!- By Nigel Somerville |
- 18 January 2024, 10:06 |
Some chart changes on ShareProphets
ShareProphets is a news organisation that covers the London Stock Exchange and the many of the characters who buzz around it. We also have a virtual Sunday pub quiz. But we’re not a share price / charting portal and at the moment, we seem to be doing even less of that.- By Darren Atwater |
- 18 January 2024, 10:05 |
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Ariana Resources – Update on FY gold production and progress at second mine Tavsan, Buy
AIM-listed gold producer in Turkey, Ariana Resources (AAU) updated the market this morning on gold production at its Kiziltepe plant and progress on construction of its second mine at Tavsan. The news was greeted initially by enthusiasm, but that waned later on with the stock up at 2.35p but later down to 2.1p.- By Nigel Somerville |
- 17 January 2024, 16:14 |
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EXPOSE: Eden Research – something doesn’t add up with TerpeneTech accounts
At Companies House, Eden Research’s (EDEN) 29.9% associate TerpeneTech has finally published its long delayed accounts for the year ended 31 December 2022 originally due on 30 September 2023. We can now compare the disclosures made with those made by Eden in its accounts for the year ended 31 December 2022 published on 4 May 2023 in respect of TerpeneTech in Note 15. The results are set out below:- By Tom Winnifrith, the Sheriff of AIM |
- 17 January 2024, 14:29 |
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Tom Winnifrith Bearcast: Honestly do you know who social media influencer Jessica Wright is?
Apparently she has one and a half million followers. Anyhow I explain who she is and why this affects or does not affect Skinbiotherapeutics (SBTX). Then it is onto Eden Research (EDEN), it is always the coverup that gets 'em. Then BlueJay Mining (JAY), sounding out periods and was there forward selling? Finally a long look at Belluscura (BELL) and TMT Aquisitions (TMTA).The deal really stinks and should be called off which would utterly fuck Belluscura. Finally I am off to open an extra account at Barclays (BARC) -I already run 3 - for the reasons you can see below..- By Tom Winnifrith |
- 17 January 2024, 14:29 |
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Portmeirion – I having questioned in September the likelihood of forecasts being met, what of a latest trading update?…
Previously writing on homewares group Portmeirion (PMP), in September with the shares slightly further lower from 288p I concluded questioning whether forecasts would be met with it only in late May that it noted it had “seen some increased caution from US customers during recent weeks”. The shares most recently closed at 280p, but what of them currently at 235p on the back of a trading update?
- By Steve Moore |
- 17 January 2024, 14:28 |