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Latest News

Bitcoin

Video: Negative Yields Pushing Money into Bitcoin and Gold

Nicholas Mertin is the founder of Digifox a digital finance platform and DataDash, the largest cryptocurrency YouTube channel is talking his own book here. But as we have a few bitcoin nutters on this website, as well as the legion of gold bugs headed up by comrade Somerville,  here is something for you.

CNS

Corero Network Security – argues order intake “positive progression”, but is there really “solid foundations”?

Corero Network Security (CNS) has made an “Order Intake” update, emphasising “positive progression… reflected in the associated order intake of more than $3 million in the first two months of the final quarter of 2020” – and the shares have currently responded to 9.5p, more than 15% higher. Does this look justified?…

HL
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Hargreaves Lansdown: Either liars or incompetents

A reader of this website who I have known for many years and who is a truthful and honest man is a client of Hargreaves Lansdown (HL).  Poor man. He was advised, falsely, by Hargreaves that if he wished to convert Golden Prospect subscription shares (GPS) into Golden Prospect ordinafries (GPM), he had to notify the company by 31 October.  Hargreaves then claimed, again falsely, that this date had been extended.

SAE
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Simec Atlantis Energy- What’s the real situation with Uskmouth Power?

Simec Atlantis Energy (SAE) updated the markets yesterday on the permitting and consent process for what it describes as its flagship scheme the Uskmouth (Money Pit) Power Station. It confirmed what I have been saying for some time – it’s seriously delayed. The company did not say what has caused the delay and what it means. Let me try to help.

BKG

With Bigger Ticket Homes in Demand, Berkeley the Builder should Fix It for Shareholders

Hello, Share Seekers. My favourite housebuilder, Berkeley Group (BKG) isn’t doing too badly given the disrupted year all builders have experienced thanks to the virus. It’s announced that first-half revenue was only down by 3.8%, to £895.9 million. It could have been much worse, but the virus has, rather perversely, caused house prices to rise which offset most of the damage.

AAU
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Ariana Resources – Ozaltin deal confirmed, special dividend on the way. Buy...

Ariana Resources (AAU) has announced the completion of conditional agreements on its joint venture and additional resources estimated for the Magellan project. The latter is the small copper gold play in Cyprus and that does not float our boat but the former is massive news, though not unexpected…

TWD

Trackwise Designs – open offer update, its fundraising still shameful?

A further fundraising update from Trackwise Designs (TWD) includes that “the company has decided to accept applications under the open offer for £1.625 million (previously £1.0 million)”. I previously called the fundraising shameful, is it still so?…

PHTM

Photo-Me International – trading update, ‘remains profitable’… or not?

Vending equipment and services company Photo-Me International (PHTM) has issued a trading update which includes that it “was cash flow positive in the period” and “as at 31 October 2020, the group had a net cash balance of £22 million”. However, the shares are currently 3% lower at 57p, so what is the cash flow and balance sheet detail?…

Bearcast
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Tom Winnifrith Bearcast: May 1 he is made a Lord, June 2017 he hands over £500,000 - nothing to see here sir, move along quietly!

I start with the reason for no bearcast yesterday, Joshua and I heading to an empty house in Shipston. Then today’s Advent calendar window which confuses me. Then onto Nakama (NAK), Red Rock Resources (RRR), Wishbone (WSBN) which could be a 100 bagger – see HERE  - Monday’s fraud conference which is definitely my last outing as a speaker – Anglesey Mining (AYM) and finally why at every level, including valuation, Sensyne (SENS) is a complete and utter stinker. 

NAK
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Nakama to become a cash shell, but a value investment?

Shares in recruitment group Nakama (NAK), once called Highams and a perennial dog in the bottom tier of the AIM Cesspit, are up by 15% on news that it is to sell its ongoing businesses and become a cash shell.  As ever, investors are a tad over-optimistic.

ZEN

Caption Contest from Zenith, the worthless POS ramp of the day: Two old Italian geezers in Africa

I have no idea why shares in Zenith Energy (ZEN), the worthless, cash guzzling POS which needs me to force it to fess up to bad news, are soaring. Perhaps the photo tweet below from boss, Andrea “the king of socks” Cattaneo might be a clue to the ramp.

Boom

Photo Article: Gary Newman lands a monster, no fisherman's tale

You may have noticed that Gary Newman is not filing a lot of copy. His wretched and pathetic excuse is that he is on his day job as a fishing journalist and is out in the field, or, to be precise, the seas offshore Kenya. And in case you think anglers always exaggerate when it comes to size here is our man with a sailfish he caught earlier…

DIA
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Dialight – neither Mr Market or I agree with its "confidence for the future"

A trading statement today from LED lighting for industrial applications company Dialight (DIA) concludes that structural drivers position it well and give it confidence for the future. However, the shares have eased by 2% to 253.5p. That suggests that Mr Market does not wholly share that stated “confidence for the future”.

TERN
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Shocking news at InVMA which Tern is not disclosing via RNS. Who cares about AIM Rules anyway?

Shares in AIM-listed jam-tomorrow (if ever) investment company have again been dribbling south, closing yesterday at 6.95p. With a load of freshly raised cash and a new investment to boast, surely things are going well for Tern……but alas the market seems to be taking a different view. Of course, Tern has a habit of keeping quiet when there might be something to clear up – such as the recent speculation (unfounded, as it happens) on the BBs about Wyld. And that brings me to its 50%-owned investee InVMA.

BRGE

A Bad Day at BlackRock Greater Europe - But Only Very Slightly and its Record-Breaking Run Should Soon Continue

Hello, Share Packers. My fellow investors in BlackRock’s Greater Europe Investment Trust (BRGE) may have noticed the share fell slightly yesterday. This is unusual these days as this seemingly Covid-proof investment vehicle keeps on breaking its old highs. BlackRock is, of course, one of the biggest financial investors in the world and has many funds. But the Greater Europe trust seems to be one of its more successful…

AMO
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Amino Technologies – Trading & Dividend Update”, a Buy again?...

TV and video streaming technology company Amino (AMO) was an initial pick for 2020 from me at a 134p offer price. The shares approached 150p in early February, but I concluded at 123p to sell in March as coronavirus impacted, the noted performance might see it best to take the small hit now and, perhaps, look to re-enter down the line. The shares last closed at 115p but are currently above 120p on the back of a “Trading & Dividend Update”…

JLP
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Don’t go selling your Jubilee Metals now – although this has been a cracking share tip, price target almost doubled to 16p...

We tipped Jubilee Metals (JLP) at a 4.6p offer in July 2020. Ding Dong! As we approach Christmas the shares are circa 11p, making we loyal investors pretty happy. But do not even think of selling. Here’s why:

CLCO

CloudCoCo – “confident of further strategic progress”. And financial progress?!

UK provider of IT and communications services to businesses and public sector organisations, CloudCoCo (CLCO) has updated including “trading EBITDA, a key marker for demonstrating the success of the group’s recovery to date, expected to be well ahead in H2” and “cash positive in FY20” – and the shares have currently responded more than 14% higher to 1.20p, but what’s the actual detail?…

VNET

Vianet – “pleased to announce” results… or not?...

Provider of data from connected business devices, Vianet (VNET“is pleased to announce its interim results for the six months ended 30 September 2020”. The shares have currently responded to around 80p, er more than 5% lower…

ZYT

Zytronic – results, trading challenging… but a longer-term recovery buy?

Previously writing on manufacturer of products for electronic displays Zytronic (ZYT), in October I suggested value recovery potential but noted it “facing uncertainty regarding levels of future business” and on the watchlist. Now results for its year ended 30th September 2020 have been published. On the surface they look bad, but if you dig deeper maybe this has attractions as an investment…

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