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Latest News

Cat_Fixing_Lightbulb
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Questions for EY (formerly Ernst & Young) ref Airbus

EY - better known as Ernst & Young - is auditor to a few outfits covered here on ShareProphets. It ha had a bit of a run - think Wirecard, NMC Health, Finablr and so on. Some people might view the audit profession as the enabler of fraud, but surely these guys are only human and in that vein I offer up some questions in an open letter with regard to Airbus (EPA: AIR) 'cos I'm just a nice guy. Naturally, there will be hghly satisfactory answers to the questions raised and there is nothing wrong at all, but let's ask them anyway.

HAYD
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Haydale joins the Covid Bandwagon - placing ahoy!

Another day, another AIM dog jumps on the Covid bandwagon – Haydale (HAYD) has announced a new collaboration agreement between its Thai operation, Haydale Technologies (Thailand) Co. Ltd and IRPC Public Company Limited to develop Organic conducting-based printing smart fabric (Contract No. AL.0748/2563), by using Haydale's functionalised technology. Market madness is still apparent: the shares roofed it to 3.225p, up an impressive 57% on the news. So what’s the problem?

SYME
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Supply@ME Capital – No-one is watching O’Clock admission of £224 million spoof: folks should be in jail for this

At 6.34 PM last night, well past no-one is watching O’Clock, Supply@ME Capital (SYME) snuck out interim results for the 12 months to March 31 2020. It is interims as the company is chaging its accounting date but that period encompasses 8 days as a Standard Listed company following the RTO into Abal Group. The loss? £225.177 million. WTF?

ESC

Escape Hunt – open offer result, ‘well placed to resume recent positive momentum’. Really?...

“Result of the Open Offer” announcement which Escape Hunt (ESC), self-styled “a leading operator of escape rooms in the fast-growing experiential leisure sector, is pleased to announce”. The shares have though currently responded lower, further below 9p...

Swimming_In_Money

Is Tesla the next Wirecard?

After wirecast who is next to topple? How about Elon Musk's Tesla?

VRS
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Crony capitalism in action: Pity the poor British taxpayer bailing out Versarien as Chinese walk

It was in April last year that oily Neill Ricketts first announced that Chinese Investors were going to buy new shares giving them 15% of Versarien (VRS). The shares roofed it and he dumped vast amounts at 137p - today the shares are 42p. First it was BIGT, the CIGIU and finally YG, a newly established Hong Kong entity set up to source funds working with those other companies that had no websites or offices or phone numbers. Quelle surprise! Guess what?

Newsboy
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RNS potpourri: British Land, Sainsbury's and Smith & Nephew

Do you believe that British Land (BLND) has everything under control after announcing earlier today that it had collected 88% of office and 36% of retail rent due to it for the June quarter? As for what is still owed to it, it is engaging on a 'case by case basis'. You bet it is... As I wrote in late May, 'I guess anyone can get a high rent collected metric if you fudge through deferral, forgiving it or moving it to a different schedule...that still sounds like a future day of reckoning to me'. The shares are lower than when I wrote on the stock above and suggested shareholders should be selling at above four quid a share and that non-investors should not bother…

AAU
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Gold ends Q2 on a high, Centamin, Ariana and a breakout?

The close-out of the quarter to June saw Gold post a high point going back almost eight years at around $1780. Futures troubles the $1800 mark and gold stocks have had a decent run over the past few days. So is this the big breakout we have all been waiting for?

WALG

Filthy Forty Walcom – No Nomad, and now just one director left as NEDs plunge the knife

The Ouzo may have run out at Deputy Sheriff Towers, but the Wagnerian opera of ShareProphets AIM-China Filthy Forty play Walcom (WALG) took what surely is a final turn last night when at 4.22pm it announced that two directors were walking as of this morning, leaving just Mr Francis Chi on the board...

RMG

Royal Mail Posts its Numbers - and I'm Inclined to Sell My Shares

Hello, Share Pickers. Though the latest numbers from Royal Mail (RMG) could have been worse, I’m not altogether happy about holding my bunch of shares much longer. A tiny part of this view is unfairly coloured by personal experience. One package I recently wrapped carefully came back in bits (I was compensated). And prices for some parcels have gone up...

SJH
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St James House – shares fly on “Trading Statement & Funding Update”. Justifiable? Er...

“Trading Statement & Funding Update” from St James House (SJH) including “injection of cash, when combined with the capitalisation of liabilities, the stability of the lottery business and the steady growth of the payments business means the outlook for the business is positive despite the challenges all businesses have and continue to face” – and the shares have currently responded to 67.5p, 350% higher!...

Bearcast
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Tom Winnifrith Bearcast: Pulling apart red flag-strewn results from thirsty Paul Scott's beloved TrakM8

Jeepers he must have been sober to have fallen in love with this shite. In today's podcast I look at Versarien (VRS), TrakM8 (TRAK), ADM Energy (ADME), San Leon Energy (SLE) and Catenae (CTEA). Now go and have a butchers at MineProphets and book your ticket (just £2.99) now HERE.

CTEA
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Catenae: Interims and Finals day – what a dog’s breakfast!

AIM-listed dog Catenae Innovation (CTEA) released its FY results to September 2019 and Interims to March 2020 this morning. What a dog’s breakfast! We have been saying for some time that Catenae was technically insolvent and this morning the hard numbers show that we were bang on the (lack of) money...

COM

Comptoir – restaurant re-opening plans another reminder of sector and its landlords challenges...

Comptoir (COM), the Lebanese and Eastern Mediterranean restaurants group with 30 restaurants including 6 franchised sites, has updated “re: Restaurant Reopenings” – and the shares have currently responded to 4.20p, approaching 10% lower...

PDL
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Petra Diamonds asset sale news ultimately makes it look to be heading for a wipeout for equity holders

Buying bombed-out shares in companies that have previously run as successful businesses can be very lucrative if they somehow manage to turn things around, but it also offers a very high chance of losing all your money if you are proven wrong and hold to the bitter end. There are plenty of companies on the stockmarket that have been at death’s door but have managed to survive and have subsequently gone on to do quite well, but there are also a large number of others that went bust and where investors lost all their money, and there is a very fine line between the two if you do decide to take a risk on a company that finds itself in this situation.

RDW
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Redrow pleads: "Please Sir, can I have more subsidy?"

I cannot believe it was sixteen months ago that I was writing about the housebuilder Redrow (RDW), loving up the entrepreneurial fervour of the soon-to-be retiring (for a second time) founder, and observing: 'The trouble with 'help to buy' and other initiatives is that despite all the good intentions in helping younger people to get onto the housing ladder, it just deepens distortions and takes the housing market another step away from a proper market clearing level - which is why I refuse to buy/hold the sector and still remain fearful and bearish towards it.'...

CLCO

CloudCoCo – shares soar on interims, “seeing benefits from the hard work done”?

“CloudCoCo (AIM: CLCO), a UK provider of IT and communications solutions to businesses and public sector organisations, announces its unaudited interim results for the six months ended 31 March 2020” – and the shares have currently responded to 1.40p, 87% higher...

Gold

Video: Unprecedented Levels of Government Spending Creating Massive Leveraged Case for Gold

Fund manager Keith Watson works with my old pal Malcolm Burne at Golden Prospect Precious Metals (GPM) and so can't be a total fool.  He argues that the broader commodity sector is at an extreme discount to general equity markets. 

Bear
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Sandbagged by Hertz

It is self-evident that stop losses are important, particularly when it comes to short selling where potential losses are infinite but I have always set the limit high with obviously bust companies and been relatively relaxed when they have moved against me, as it is usually an opportunity to sell more...

RMV

As the Housing Market Builds Up, Is it Time to Move into Rightmove?

Hello, Share Plumpers. It takes a brave investor to consider trading the housing market now. Many analysts believe that the virus will knock incomes and make buying a house impossible for many. Others believe that the huge amount of DIY going on in lockdown will make folks happier to stay where they are. Plus GDP is linked to house prices and a virus-led slump in growth would also knock home sales. But there’s also counter-arguments.

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