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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 |
Video: U.S. Treasury Market Continues To Dictate Dollar Liquidity Policies, buy gold, bitcoin & oil
Analyst Luke Gromen of Forest for the Trees says that the interest on US Government debt will exceed a trillion this year. He explains that the U.S. government will need to borrow more money to cover the interest expense, indicating a debt crisis. According to Luke, the USA is essentially insolvent and running out of time.- By Tom Winnifrith |
- 17 January 2024, 12:07 |
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James Cropper plc – profit warning, how “small” is the expected adjusted profit before tax for the year now?
Describing itself as a “leading advanced materials and paper & packaging group”, James Cropper (CRPR) states that it “today issues an update on trading”. Uh oh – not ‘pleased’ to issue the update then?…- By Steve Moore |
- 17 January 2024, 11:56 |
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Andrew Monk Disgrace Dispensa: will it (again) restate its interims before insolvency?
Dispensa (DISP) the Sub Standard list POS formerly known as Zamaz, a company created by Dominic White of the fraud Supply@ME Capital (SYME) infamy is in serious trouble. The only question now is when the end will come and why. This company listed at 11p, a £77million market cap in September 2022. I explicitly warned that it was a sham but the FCA knew better and allowed the listing to go ahead. The shares are now just 1.625p and my target is 0p.- By Tom Winnifrith |
- 17 January 2024, 11:51 |
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OptiBiotix Health – “launch of LeanBiome in Muscletech”, upgrade stance at 25.5p to STRONG BUY
OptiBiotix Health (OPTI) has announced a forthcoming launch of ‘LeanBiome in Muscletech’, “one of the leading sports nutrition brands in the industry and backed by America's No. 1 selling sports supplement company”. This is good news not discounted in a current 25.5p share price, £23.3 million market capitalisation. Tom Winnifrith reckons the shares could hit 100p and explains why HERE. This site is a bit more cautious.
- By HotStockRockets |
- 17 January 2024, 10:45 |
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Chill Brands – 2 very simple questions it won’t answer but should do so via RNS
There are two simple questions that Chill Brands (CHLL) will not answer but the scale of evasion suggests that the answers will be disastrous for shareholders. Let us start with the issue of repeat orders in UK retail for its nicotine free vapes. There is hard data on how many stores have received a first order.- By Tom Winnifrith |
- 17 January 2024, 10:31 |
This Budget Airline's Share Price Could Fly as Travel Further Takes Off
Hello Share Checkers. My immediate family and I haven't exactly been saving on carbon in our latest travel activity. We’ve taken loads of flights lately for holidays and work. We’re not the only ones. Airports around the world are seeing much more custom, and more than pre-Covid levels one fancies.
- By Malcolm Stacey |
- 17 January 2024, 08:15 |
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Centamin – encouraging maiden EDX drill results, Buy
Centamin (CEY) has issued an “Encouraging Maiden EDX Drill Results”-titled announcement. So what of this and a current 94p share price?- By Tom Winnifrith & Steve Moore |
- 16 January 2024, 16:47 |
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Spirent Communications – “expect to deliver an adjusted operating profit in line with the market consensus”. Not in line with the original hopes though!…
Describing itself as a “leading provider of automated test and assurance solutions for next-generation devices and networks”, Spirent Communications (SPT) has issued a trading update including that it is “accelerating our focus on non-telco end markets, and we have seen good growth in order intake for our Positioning business and from Hyperscalers… We are pleased to have started the new financial year with a growing orderbook” and that “the long-term structural growth drivers for our business continuing to be compelling”. So what of a share price currently up towards 127p in response?- By Steve Moore |
- 16 January 2024, 16:29 |
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Tom Winnifrith Bearcast: Turning down a placing
I start by reiterating that there is no "house view" on this website and why I disagreed with Gary on Bushveld Minerals (BMN). Then it is onto Microsaic (MSYS), its past and future, the bull and bear case and why I passed on the placing.- By Tom Winnifrith |
- 16 January 2024, 16:13 |
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McBride – expects first half ‘slightly ahead of expectations’, but what does that mean financially?…
Private label and contract manufacture cleaning and hygiene products company McBride (MCB) has issued a trading update commencing that it “expects to report first half adjusted operating profit slightly ahead of our expectations”. So what of a current 83p share price in response, down more than 7.5%?- By Steve Moore |
- 16 January 2024, 15:05 |