From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Latest News

TERN
premium content

Tern – Interims finally arrive and they are truly awful. SELL

Jibed by me yesterday, AIM-listed jam-tomorrow investment company Tern (TERN) has finally got around to releasing its interims and as suggested the numbers are truly awful. Indeed, without a placing or a disposal it looks set to be out of cash by Christmas despite the placing to raise £1.5 million (with 10% costs!) shortly after the FY18 umbers were released. So much for being fully funded to the end of this year, as we were being told last year. When’s the placing and what will be the discount demanded by the bucket shops? Or will Tern just go bust?

AML
premium content

Aston Martin foolishly thinks raising money at 12% is good business

The best line from today's crop of regulatory news statements is undoubtedly the observation from Hornby (HRN) that 'We regret not producing a Brexit themed model. Our new grasp of social media has shown us that people are passionate about sharing their views on the topic. If the situation persists, we have plans for a locomotive that reliably gets stuck between stations'. Very good! Also before we get to the main event…

BUR
premium content

Muddy Waters hits back at Burford

And so the battle continues. On Monday Burford (BUR) published a new 45 page report defending its uber agggressive accounting policies from attacks led by Carson Block of Muddy Waters. Natch it was on its own website rather than via RNS so there was no need for Nomad sign off. Now Muddy Waters has hit back. It responds.

SAE
premium content

Simec Atlantis Resources – Perhaps the most immoral company I know of?

I commented on the investment case for Simec Atlantis Resources (SAE) a few month ago – I called it a sell and justified my opinion at some length. Having reflected on my prior article, and frankly all writers of opinion on investment cases should reflect on their opinion, I am now clear this company’s retail bond offering is at best immoral. For a “Green Energy” company what could be worse?

Collapsing-Reactor

Neil Woodford Redemptions Watch: another day of underperformance

Yesterday the FTSE All-Share index (Neil Woodford’s benchmark for his Equity Income and Income Focus funds) dropped 0.49%, but his funds dropped 0.62% and 1.09% in NAV per unit respectively as yet another day of underperformance took its toll...

TERN
premium content

Tern – where are the interims, and should private investors take note and SELL.

I have been wondering where AIM-listed jam-tomorrow investment company Tern’s interims results are. For the last two years they have appeared by around the halfway mark through September, but it starts to look as though the company is going for deadline day. Surely, with just a handful of investments to keep an eye on, it is possible to offer up interims by now – which leaves me wondering why the delay.

TAST

Tasty plc – after discounted fundraising bore out my prior caution, what do interims now show?

Previously writing on Wildwood and dim t restaurants company Tasty plc (TAST), I reviewed discounted fundraising bears out my prior caution, though where from here?. Now results for its half-year ended 30th June 2019…

BRY
premium content

Formal Request to AIM Regulation and FCA to investigate Brady PLC and Nomad Cenkos

Yesterday I revealed, HERE, the shocking way that Brady PLC (BRY) had withheld damaging price sensitive information from the AIM Market and investors, in part with the collusion of Nomad Cenkos. With the company now having to raise £3 million in just six weeks simply to meet November payroll but needing far more to be viable, it and Cenkos are still dissembling about the nature and scale of its problems. I have today written to AIM Regulation and the FCA asking for a formal investigation and to force Brady to come clean. The letter is below

KEFI
premium content

KEFI Minerals – interims & looking ahead to “a very exciting period”…

KEFI Minerals (KEFI) has announced results for the first half of 2019 and that “the remainder of 2019 is expected to be a very exciting period for the company and we look forward to providing regular updates as matters progress”

Newsboy
premium content

Saatchi advertises another shocker whilst Hotel Chocolat continues on its sweet way

Everything comes to those that wait. I see the perilous nature of the advertising markets - a function of both the rise of internet initiatives and patchy underlying economies - is still continuing to play out with M&C Saatchi (SAA)which I wrote about a mere six weeks ago and whose shares have dumped a further quid to just over 150p (including a 10% fall today) over the interim period…

Bearcast
premium content

Tom Winnifrith Bearcast: Versarien, Metro Bank and Brady - 3 more dogs that should be shot

In today's podcast I consider the political news. It's time to become a Gilet Jaune! Pick up your pitchforks!. Then I look at three dogs that should be shot: Versarien (VRS) - AGM bollocks today - Metro Bank (MTRO) - Bond issue pulled, could be a zero - and Brady (BRY) - no news so a letter to the FCA is on the way.

Tom
premium content

FREE Podcast: ShareProphets Radio Edition TEN with Tom Winnifrith and Bear Raider Lucian Miers - who is swimming with no trunks?,

Just one guest in this week's show, which is sponsored by Yorkville, the bear raider Lucian Miers who has been doing due diligence at the coal face on the cannabis market. We discuss pot stocks and GW Pharma (GWP) in particular, the We Work flop and its macro significance, Versarien (VRS), Sirius (SXX), Tesla (TSLA), Purplebricks (PURP) and Greggs (GRG).If you like this and can't wait seven days for more of the same you should listen to my Bearcast every day.

DPP

DP Poland – interims, ‘growing well’? Er…

The company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) has announced results for the first half of 2019 emphasising “system sales up 10%, like-for-likes returning positive from March and more sub-franchisees in place… Appointment of General Manager in Poland”. The shares have responded towards 5.5p – er, another few percent lower…

Gold

Podcast: Monetary Policy Will be the Main Driver for a Higher Gold Price

Entrepreneur Ian Ball warns ( don't we all know it) that it’s hard to create value in junior mining today, and there are a lot of headwinds even with the increase in the gold price. Permits are difficult to obtain and usually take longer. Junior miners need to be able to generate cash in a down market and ride it out without having to issue equity. But...

Collapsing-Reactor
premium content

Neil Woodford Redemptions Watch: do you believe him?

Yesterday the FTSE All-Share, Neil Woodford’s benchmark for his Equity Income and Income Focus funds, dropped 0.32% whilst the funds dropped 0.43% and 0.88% in NAV per unit respectively. The underperformance is hardly a surprise to readers of this column, and Link updated yesterday on the suspension of Equity Income noting that since gating at the start of June it has underperformed the FTSE All-Share by a stonking 17.12%. Ouch.

US-Flag-Blonde

Boris and the American tech bimbo caption contest result

Yesterday I asked you to supply suitable captions to the picture below of our esteemed Prome Minister with a blond American tech entrepreneur to whose loss making joke businesses he gave vast amounts of taxpayers cash while Mayor of London. My own idea was Boris: “Give me credit guys at least  it's not Julie Meyer”.  There were many better entries as you can see HERE But the winner is:

BRY
premium content

Bombshell Expose: Brady – material non disclosure as it seeks urgent funding

Following a dire sales and lack of profits warning on 21 August, AIM Casino listed software outfot Brady (BRY) has today served up interim results which are both piss poor and fundamentally misleading. Quite simply, as things stand, a reliable source tells me, the company will not be able to meet payroll in November. Worse still there has been  massive material non disclosure of the mess this company is in.

OSI

Osirium Technologies – why a lacklustre response to a “Substantial contract win” it’s “delighted” with?...

Osirium Technologies (OSI) is “delighted” with “a significant contract win with a major UK provider of software and IT services to the public sector. The contract represents a substantial expansion by this customer”. The shares are though currently back at 45.5p. Hmmm…

US-Flag-Blonde

Monday Caption Contest: Has Boris got a hot tip for you & is it Ugandan related edition?

What is it with British politicians and blond female US tech entrepreneurs who run companies that can't make a profit? Do your worst in the comments section below with a deadline of midnight (London not Kampala) time.

Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

Most Read in the Past Seven Days

That Was the Week that Was

 

AAU

Ariana – Surprise!

 

ANP

Anpario – a recovery Buy?...

Thursday »

Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

Time left: 09:57:28