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Latest News

BT

The Virus Shouldn't Harm BT's Share Price, Perhaps It's Even the Reverse

Hello, Share Worriers. As buying shares isn’t currently an option for most of us, I continue my series of companies that should not be harmed by the present crisis. Some might even benefit from the restrictions we are now under. For example, I’ve heard Netflix is attracting many more accounts from people who need something extra to watch at home. But today’s highlighted share is BT Group (BT.A)...

Bearcast
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Tom Winnifrith Bearcast: the Good, the bad and the complete & utter bast*rds, I refer to Mike Ashley

I start with a few minutes on how the Covid 19 pandemic has brought out the good in many people and the very worst in others. I've today done another podcast on Coronavirus which I am proud of on my own website HERE. I look at soaring markets and gold and asset bubbles I discuss IQE (IQE), Photo-Me (PHTM) and Ascent Resources (AST)

VRS
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Neill Ricketts of Versarien takes to social media to tell lies again – how can AIM tolerate this?

Canaccord quit as Nomad to Versarien (VRS) partly because of the social media antics of its CEO Lyin’ Neill Ricketts. Obviously, new Nomad SP Angel does not care about that as it was happy to act for proven fraud MySquar (MYSQ). Do John Meyer and his cronies have any standards at all? And how will AIM Regulation take Neill’s latest lies

QTX

Quartix – trading statement, valuation still too high?

Vehicle tracking systems, software and services company Quartix (QTX) has updated on trading – with the shares - already down from more than 440p last month - currently responding further lower below 240p…

Gold
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Buzz Lightyear takes over at the Fed; home truths from Peter Schiff & Gold takes off with far more to come…

It looks as though the mass dash for cash may have halted abruptly as far as gold is concerned – and silver. Having been lower before closing last week at just under $1500, it seems that yesterday’s announcement from Fed Chairman, Buzz Lightyear of QE to inifinity….and beyond has set the gold price alight. We are now at $1665 and rising vertically...

RPS

RPS Group – “COVID-19 Update”, shares slump yet further…

“COVID-19 Update” from property, energy, transport, water, defence and government services & resources professional services group RPS (RPS) – and the shares, already down from having reached 180p last month, currently a further approaching 14% down on the day towards 40p…

OEX

Rats rat on David Lenigas & Doriemus

Oh dear, oh dear, oh dear. Formerly AIM then NEX and now ASX listed sub scale resource dog Doriemus has today learned a valuable lesson: whan a rat says that his word is his bond, or indeed actually signs a placing letter, that means nothing.

HOTC
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Hotel Chocolat – smart or lucky?

Another round of coronavirus updates today...you know the playbook by now. The only one that really caused me to arch an eyebrow was from my old sparring partner Amigo Holdings (AMGO), which observed that it 'has taken the decision to temporarily pause all new lending activity, except for lending to key workers in exceptional circumstances' and later on talked about switching staff to look after customers who had 'a need for forbearance'. Certainly time for the company to make new friends. Now back to some news out late last week…

VRS
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Letter to FCA & AIM Regulation re potential Market Manipulation or Abuse at Versarien

Yesterday Versarien (VRS) announced a death spiral on steroids which will only postpone bankruptcy and will see the share price shredded but the RNS was, I believe, an exercise in market manipulation and market abuse. Only a Nomad like SP Angel of the fraud MySquar infamy, could have signed off on it. I have written to the regulators demanding that, again, they take action

EVE
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Eve Sleep FY numbers: who would buy a bed now?!

AIM-listed Neil Woodford dog Eve Sleep (EVE) released FY19 results this morning. My immediate thought is who would buy a bed right now, amid fears of Coronavirus, job losses and with the UK in near total lockdown? But these are last year’s numbers, before the invisible invader was around and it looks to me as though Eve will need even more cash, despite its laudy claims that the latest rebuild strategy has left the company operationally profitable. Let’s take a look at what that actually means……

PETS

Here's One Company Inundated with Orders that Should Recover Fast Once the Virus Peaks

Hello Share Takers. There’s too much risk in buying shares now. But it’s useful to highlight the companies which shouldn't suffer too much because of the virus and will be the first to recover value as the crisis peaks. Today I want to look at one of my previously commended companies, Pets at Home (PETS)...

Bearcast
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Tom Winnifrith Bearcast: when do we have to bailout the banks & writing to the FCA about Neill Ricketts (again)

I start with a few personal thoughts on phoning my elderly relatives in the era of Coronavirus. Then I look at Versarien (VRS), Open Orphan (ORPH), Tasty (TAST), Burford (BUR) and Carson Block of Muddy Waters and N Brown (BWNG) which prompts me to ask when the taxpayer will have to bail out the banks?

AEO

Aeorema Communications – interims, still a possible pick for recovery?

Previously writing on Aeorema Communications (AEO) – Cannes Lions festival postponement sees loss now anticipated…, I concluded the shares have currently responded further lower towards 16p, capitalising the company at circa £1.5 million. There will be further detail with half-year results due by the end of this month, but still currently a possible pick for recovery and on the watchlist. Now those results have been announced…

VRS
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Versarien & the £6m fund raise which provides not a cent upfront & will raise nothing like £6m - Ricketts lies about cash again

Versarien (VRS) this morning announced “subscription to raise £6 million”. Folks looked at the headline and the shares soared to 31p. Ha! Mugged by Ricketts again! Then they read the release. It is bullshit. Death spiral provider Lanstead is not putting up a cent up front and the total amount handed to Neill Ricketts’ bag of shite company over the next two years could well be well below its monthly cashburn! Ricketts really is the most shameless bullshitter and only scumbags like SP Angel, who took over as Nomad after Canaccord resigned, would sign off on such misleading gibberish which contains one MONSTER lie.

TUNG

Tungsten – “COVID-19 Update”, increasing electronic invoice volumes?...

Tungsten (TUNG) has updated including “in the last week, we have been contacted by a number of our largest global buyers who are looking to increase their electronic invoice volumes through us as part of their response to the global pandemic. This action is being driven by an urgent concern that office closures mean many paper documents can no longer be effectively distributed and processed by a widely dispersed home based workforce. These buyers include a number of fast moving consumer goods companies who are providing products in high demand right now, and who see Tungsten as having the perfect online digital platform to meet their current needs”. The shares have currently responded up towards 24p, though still down from just below 34p when I previously updated earlier this month…

HOC
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Silver is my metal of choice at the moment and offers great longer term upside

At the moment most of the focus on commodities that I have been seeing has been on gold and oil, and what people are forecasting for the coming months and longer term. But I suggest we are missing a great opportunity here.

VRS
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When is a Death Spiral not a Death Spiral? - When it is a Pipe

A new financial life support for crap companies like Versarien (VRS) today seems to have appeared in recent years in the form of an equity sharing agreement – lots of companies have done such deals with all the usual death spiral providers, hence the howls of “it’s a death spiral”.  However, they are not new and there are key differences with the standard death spiral.

ITV
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ITV – bins FY dividend, drops FY guidance, cost cuts and we’ve got plenty of cash, honest guv’

To be fair to fully listed ITV (ITV) it has to be commended for this morning’s update at regards Covid-19 in much the same way as one should applaud the statement last week from Next (NXT) as Chris Bailey did. It should also be commended for chopping the FY dividend to conserve cash in this uncertain time – that is the responsible thing to do. But the shares have been marked down, suggesting there are problems – although as Chris Bailey points out, they are surely far less severe than at CEO Carolyn McCall’s old stamping ground over at Easyjet (EZJ)!

Newsboy
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I think the FCA is wrong: publish and be damned!

So the FCA has 'strongly requested' to any company which was planning to publish results in the next fortnight that they observe a moratorium. I understand why it has requested it – high uncertainty and a real difficulty in doing anything other than quoting your banking facilities, that you are reducing costs and having to pull some combination of your full year guidance / dividend etc. However information is the lifeblood of any market…

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