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Latest News

OTB

On the Beach Group – a laudable update… but share price response merited?

Online travel agent group On the Beach (OTB) has made a “COVID-19 and Banking Facilities Update”, including noting “this environment of limited demand and therefore limited revenue” – the shares though, at around 250p, are currently 25%+ higher in response…

NTOG
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Nostra Terra, the deception, the Dilution the stitch up. J’accuse Matt Lofrgran

On April Fool’s day there was an upbeat statement from Nostra Terra (NTOG) promising all sorts of good things. What it neglected to mention was that trade creditors had risen to £230,000 as the cash burning enterprise had no cash and so imply could not afford to pay its bills. One of those owed cash (£60,000) was Nomad Strand Hanson, boy how it must have been hoping for a placing….

RWS

RWS Holdings – some “increased demand for services”, BUT...

Self-styled “one of the world's leading language, intellectual property support services and localization providers”, RWS Holdings (RWS) has updated including “all RWS divisions remain fully operational” and “in recent days, the group has noted increased demand for services within both our Life Science and Moravia divisions, as our teams help with the clinical trials for new COVID-19 vaccines, translate training material for COVID-19 related antibody testing devices and provide additional services to the group's technology customers, who are recording higher usage of their online communication and social networking platforms. However,”

Isolation

View From Reader's Windows & Desks: Isolation Edition. No 11 Leslie in Meriden, Solihull

We're inviting you to send pictures in of what you see out of your window and/or of your new workspace during the lockdown. Just email them to editorial@shareprophets.com . Today, we're looking at the view of Leslie in Meriden, Solihull.

TSCO
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Tesco – every little bit of panic buying helps...

Full year results time at Tesco (TSCO). Normally it would all be about what it has achieved over the last fifty-two week period and whether things are getting slightly better or slightly worse, but you can guess the challenge of looking at the food retailer as its world rather changed at/around the balance sheet date of 29th February…

Gold
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Gold: Dislocation, dislocation, dislocation! It is all going only one way!

Readers will know that I am a gold bull and think it is a dead cert to go up in the current crisis as governments spend money they haven’t got and central banks roll out the printing presses. Also noticeable is the lack of physical gold supply in the US which has already forced COMEX to change the contract details to allow delivery in London as opposed to New York – a bit of a problem, given that there are no flights to put it on! But why are Gold Futures in June trading $50 above the spot price?

AFX

Alpha FX – placing… for growth ‘investment’ or to ‘bolster’ cash position?

Alpha FX (AFX) “is pleased to confirm… the group has raised a total of £20 million… at 680 pence per share” – this after the shares had last closed at 695p and an update last week from the company having included “the group has built a strong cash and liquidity position since inception and had a very healthy cash position going into this crisis, with net assets increasing by 18% to £57.6m in FY2019 and significant excess cash which it was yet to deploy”...

EZJ
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BREAKING: Sir Stelios brands Easyjet board scoundrels, wants CFO fired, says chairman plays "dirty trick" tries for EGM a second time

Easyjet (EZJ) founder and largest shareholder Sir Stelios Haji-Ioannou has hit out at the Easyjet board, terming them scoundrels, and slated Airbus as a bribe giving arms maufacturer in a stinging letter out this morning. As you can see below, he does not mince his words.

NCYT

This Rocketing Virus Weapon is Worth Keeping an Eye on, Though I'm Avoiding it at the Mo

Hello, Share Mashers. Most of you will be hopeful about the current rise in share prices. But when the real recovery finally gets underway, a few companies will deliver to rally their share prices to outdo previous levels. Obviously, a few medical companies could shine here. I’ve looked at a few contenders over the last fortnight, but here’s another one you may wish to keep track of...

 

Bearcast
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Tom Winnifrith Bearcast: A share which I own is either a Covid 19 zero or a multibagger, let me explain

First an appeal on behalf of Darren, please can you assist him. Then I look at R4E (R4E), a Covid zero or a multibagger. Then compare the management at Restaurant Group (RTN) and then at Cineworld (CINE) where the greedy bastards are doing exactly what Liverpool FC did before there was a public outcry. Then a note on Bidstack (BIDS) and a look at 88 Energy (88E)

FOUR

4imprint – shares up on “Coronavirus (COVID-19): Update”… so some positive news?...

“Coronavirus (COVID-19): Update” from “leading direct marketer of promotional products in North America, the UK and Ireland”, 4imprint (FOUR) – and the shares currently approaching 4% higher towards 1900p… so some positive news?...

PERE
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Pembridge Resources serves as a good example of how quickly everything can go wrong for small producers

At the start of this year a small AIM outift called Pembridge Resources (PERE) was getting a lot of attention and there were all sorts of predictions being made as to how high the market cap should be based on its share of a copper mining operation.

SGE
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It is also Sage to look at shares that are not romping...

Exciting times if you are long and strong on equities. Obviously it probably means you were long and strong back in February and March too, but we will gloss over that. Naturally I know something about that... Anyhow, rather than rambling on about the largesse of the Saudis in backing Carnival (CCL) or the 'skills' of easyJet (EZJ) in securing a £600 million coronavirus loan from from the Treasury and Bank of England’s emergency coronavirus fund, time to talk about a name that has not been so impacted by all the coronavirus issues…

HAYD
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Haydale – jam tomorrow but what about cash today? This is a plain & simple ramp

AIM-listed Haydale (HAYD) has announced an initial four-year distributer agreement with Dalian Yibang Technology Co Ltd (DLYB) offering exclusive distributer rights to market Haydale’s electrically conductive graphene-enhanced masterbatch in China and Taiwan. All well and good – and it does indeed appear to be good news – but for all the jam tomorrow, what about cash today?

GHH

Gooch & Housego – argues “remains in a good financial position with a strong balance sheet”. Does it?...

Photonic components & systems manufacturer Gooch & Housego (GHH) has updated including “areas of life sciences driving extra demand” and “in general we are now seeing improved demand from Japan, S.Korea and to an extent from China… as at 31 March 2020 our order book was at £91.7 million (31 March 2019: £93.2 million)”. The shares though remain down from more than 1400p earlier this year to below 1000p…

EVE

Eve Sleep, Debt and Semantics

I had a twitter spat today regarding the difference between Debt and Liabilities and was called a host of names and told I was stupid etc, etc. ZZZ. Twitter is not the best place to discuss stocks with the faithful who have a rudimentary understanding of balance sheets and throw around Investopedia definitions and accounting terms and consider that an argument. The company in question was Eve Sleep (EVE).

Isolation

View From Reader's Windows & Desks: Isolation Edition. No 10 Mike in the Kingdom of Lindsey

We're inviting you to send pictures in of what you see out of your window and/or of your new workspace. Just email them to editorial@shareprophets.com . Today, we're looking at the view of Mike in the Kingdom of Lindsey.

CINE
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Cineword Covid 19 Update tells us nothing at all other than the directors are greedy bastards – in a mad world shares roof it

Shares in utterly bankrupt and worthless Intu (INTU) are up by 10% today. It is one of those days when folks just assume the best in everything. The worst recession since the 1930s, sod all earnings visibility, looming mass unemployment? Who cares? Just Fill Yer Boots! In that vein, shares in Cineworld (CINE) are up by 44% at 57p despite a dismal Covid update telling us nothing we need to know at all. Other than that the board are greedy bastards and you & I are subsidising that greed!

BOOM
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AudioBoom – as the cash runs out (again), when will the mothers accept that sales are just vanity?

Audioboom (BOOM) may have dispensed with the services of free speech denying, relative hiring, value destroyer Rob Proctor but his successor Stuart Last is equally obsessed with sales at any cost, regarding cash generation (or lack of it) as seemingly irrelevant. As it happens today’s Q1 trading statement may be the last where he boasts about growing sales…

GSK

At the Forefront of the Vaccine Hunt, GlaxoSmithKline is Worth a Look

Hello, Share Breakers. As I’ve suggested before, pharmaceutical companies, both gigantic and small, could benefit from the heightened interest in all health matters. And I would guess that the one that comes up with a vaccine for COVID-19 might do even better. So which companies are looking for a vaccine?...

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