premium content
essensys – full-year results, a “resilient financial performance” with “sufficient capital”. Or not?…
Describing itself as a “leading global provider of software and technology to the flexible workspace industry”, essensys (ESYS) has announced results for its year ended 31st July 2023 emphasising a “resilient financial performance. Group total revenues up 9%” (to £25.3 million) and that it “enters FY24 as a leaner, more efficient business and our momentum with strategic customers and new product developments supports our confidence of further progress in the year ahead”. So what of a current 28p share price, down from above 60p earlier this year?- By Steve Moore |
- 31 October 2023, 16:19 |
premium content
Tom Winnifrith Bearcast: Nightmare on Kefi Street or is it just Halloween
I have just received an email in response to this article HERE. It is headed "Israeli Fascists" and ends "You are a vile and ignorant man. I've had enough of you. And before you accuse me of being a 'Jew hater',, two of my oldest long-standing friends are Jewish". I guess that is another customer lost, another idiot who thinks losing £6.99 will make me shut up. I do not mention Israel in the podcast but discuss Caracal Gold (GCAT), Supply@ME Capital (SYME) and Technology Minerals (TM1) and the two critical differences between the Standard list and the AIM sewer. Then to the utterly dishonest release today from Hydrogen Utopia (HUI), a £24 million slam dunk sell. Oh, and I do discuss Kefi Gold & Copper (KEFI).- By Tom Winnifrith |
- 31 October 2023, 16:01 |
premium content
Upland Resources and those pesky accounts!
A lot of shareholders appear to be questioning whether Upland Resources (UPL) needs to produce accounts, given that Upland has changed its accounting year-end. UPL announced the change in its year-end in an RNS on 3 July: “The next audited accounts will be prepared for the 18 months ending 31 December 2023.”- By Evil Banksta |
- 31 October 2023, 15:15 |
premium content
WARNING: Iconic Labs – reliant on death spiral to stay alive (again)
Iconic (ICON) published its results for the twelve months ended 30 June 2023 today. The promised annual report is not yet on the website meaning that we can’t see how much was paid for the Directors services or what the new auditor thinks about ability of the company to continue as a going concern.- By Tom Winnifrith |
- 31 October 2023, 13:57 |
premium content
Technology Minerals results – how soon will it go bust?
Yesterday I flagged up how any company linked to liar and fraudster Chris Cleverly of Tingo (US:TIO ) infamy was a slam dunk sell and that included Technology Minerals (TM1). Today, deadline day, it has served up its results for the year to June and the question is not if but when it will go bust.- By Tom Winnifrith |
- 31 October 2023, 13:51 |
premium content
Greetings cards aren't very exciting but I expect the next trading update from Card Factory to be positive - buy
Greetings cards and gifts are never going to be the most exciting investment you make, but nor are you likely to lose your shirt overnight, and I think that Card Factory (CARD) has potential from the current share price.- By Gary Newman |
- 31 October 2023, 13:46 |
premium content
HeiQ – results after prior period accounting “errors”, shares resume trading but are its financial resources really “adequate”?…
A “Filing of Annual Report & Restoration of Trading” announcement from business describing itself as “a leading company in materials innovation and hygiene technologies”, HeiQ plc (HEIQ)…and the shares currently down to 15p. That compares to an above 30p share price when I previously wrote on the company early this year – then noting at even then still slumped to share price levels, with the financials and outlook my stance remained avoid/sell. So what’s the situation now?
- By Steve Moore |
- 31 October 2023, 13:45 |
premium content
Vast Resources – Piss poor results and piss poor mine update
It is only 18 months since Vast Resources (VAST) did a 100 for 1 share consolidation telling its thick as pigshit shareholders that this was to allow it to pay dividends. Of course, there was zero chance of that it was all about being able to issue more shares at above par. Since that consolidation which took the shares from 0.1p to 10p the shares have fallen by 98.5% to just 0.155p. And prior to that consolidation the shares had already fallen by more than 99% since IPO. This is a company that funds a gravy train for managers and advisers and screws shareholders. Today there is more bad news.- By Tom Winnifrith, the Sheriff of AIM |
- 31 October 2023, 12:08 |
premium content
Velocys – funding conditions “not been satisfied”, hopefully my prior warning was heeded…
Writing last week on Velocys (VLS) with the shares at 1p and the company “delighted to announce” the launch of a new technology facility having “already hired a number of senior personnel”, I suggested clear financing concerns in a highly challenging financing environment and concluded Bargepole. So what of a “Funding update” announcement today?
- By Steve Moore |
- 31 October 2023, 11:15 |
premium content
EXPOSE: The curse of Nilesh Jagatia strikes again: Limitless Earth serves up piss poor, wholly misleading, and non IFRS compliant results
The curse of AIM’s worst FD, Nilesh Jagatia strikes again. Limitless Earth (LME) has published its interim results for the six-months ended 31 July 2023 which showed a loss of £110,337. Net assets increased marginally as Limitless raised a net £151,900 via a placing, to £1,133,198 which more than offset loss for the period. The punters who paid 5p in the July 2023 placing can’t be happy with the current bid price of 2p. But anyone investing in a Nilesh company is obviously a financial masochist.- By Tom Winnifrith, the Sheriff of AIM |
- 31 October 2023, 08:24 |
premium content
Tom Winnifrith Bearcast: The UK listed company linked to Lyin' Chris Cleverly the fraudster of Tingo infamy
In today's podcast I discuss Upland Resources (UPL), Technology Minerals (TM1), Valereum Blockchain (VLRM), Versarien (VRS), Nightcap (NGHT) and why I am not super excited about the oil price.- By Tom Winnifrith |
- 30 October 2023, 16:18 |
premium content
Electric Guitar plc – financial and related party announcements, red flags aplenty!
There are today “Provision of Loan Facility and Financial Position” and “Related Party Transactions” titled announcements from Electric Guitar plc (ELEG), following it noting “the £1.2 million raised at IPO in January 2022 has allowed the company to research suitable acquisition targets in line with its stated corporate strategy and funded ongoing running costs of the company. On 7 July 2023, the company announced that it had identified 3radical Limited as an acquisition target in line with its corporate strategy and that it had agreed non-binding heads of terms on a reverse takeover of 3radical”. So now real financial progress towards that?, and what are the “related party transactions”?- By Steve Moore |
- 30 October 2023, 15:20 |
premium content
Versarien: why shareholders should expect very modest proceeds from disposals & what that means
In today’s general meeting statement from Versarien (VRS) the clear implication is that a bailout and hugely discounted placing is imminent. This will destroy the share price as I explained HERE. Bulls hope that disposals will save a company drowning in £8 million of debt. Here is why they are wrong.- By Tom Winnifrith, the Sheriff of AIM |
- 30 October 2023, 12:41 |
premium content
Upland Resources – the board doth protest too much about the fraudulent non-bid
Having ‘fessed after hours on Friday that the supposed 14p per share, £167 million, bid was a total scam, Upland Resources (UPL) has tried to reassure investors with another statement today. I am afraid it simply does not wash and when the company runs out of money early next year, the FCA, will – as explained here – block its attempts to raise fresh funds via a prospectus and I expect it to go bust.- By Tom Winnifrith |
- 30 October 2023, 12:27 |
premium content
Quantum Blockchain Technologies – after the pump…
On 20th October, stating it is developing “in the dynamic world of Blockchain Technology, which includes cryptocurrency mining and other advanced blockchain applications”, Quantum Blockchain Technologies (QBT) issued a “Market Update”-titled announcement on “its proprietary Method A and Method B software”. The shares subsequently rose from around 1p to 3p before falling back to a most recent close 1.8p and now another announcement – “Placing” (natch!).- By Steve Moore |
- 30 October 2023, 12:09 |
premium content
Powerhouse – just how bad is the cash position and another Turner Pope disastrous misjudgement
Just how bad is the cash position at Powerhouse Energy (PHE)? You have to ask the question today on news that it has pulled out of its planned jv with Hydrogen Utopia (HUI) at Longford in Eire. Powerhouse says that it hopes to revisit the scheme, Hydrogen makes it clear that it does not see that happening. Powerhouse says that it has to prioritise its numerus opportunities. That is bollocks.- By Tom Winnifrith, the Sheriff of AIM |
- 30 October 2023, 10:47 |
premium content
Versarien – it is what it does not say that should terrify shareholders
Today’s GM at Versarien (VRS) will no doubt pass resolutions allowing for the issue of a blizzard of confetti and a share consolidation. The alternative is insolvency before Christmas. In a verbose statement which shamed chairperson Dianne Savory will read out. It is what the woman who seems relaxed about other women being targeted and harassed, does not say which is a killer.- By Tom Winnifrith |
- 30 October 2023, 09:36 |
premium content
Lok’nStore still loves to (expensively) hold your junk
It is a new week but I see in today’s range of corporate numbers that Lok’nStore (LOK) still has lots of people’s junk to store, with its full year numbers to the end of July seeing a just over 5% rise in self storage revenue year-on-year. A bit like many things in life, if you have not used something for many years, you are never going to use it and, given the existing online capability to sell pretty much anything you like to someone else, I am amazed the average citizen does not shift a bit of their junk for a few quid…so they can buy some prospects for tomorrow’s list of junk (or pay a few bills and the like). However, life is changing a little bit…- By Chris Bailey |
- 30 October 2023, 09:19 |
BREAKING EXCLUSIVE: Minoan – Egleton to step back
As AIM-listed holiday resort developer (eventually…) Minoan (MIN) heads for a General Meeting and reconvened AGM on 10th November, ta reliable source says that there may be some big changes coming.- By Nigel Somerville |
- 30 October 2023, 08:21 |
Obesity and Diabetes: Two Growing Problems this Profitable Pioneer is Helping to Beat
Hello Share Twiddlers. Medical pioneering is a laudable investment these days. And with hospital science coming on leaps and bounds, it could also be a profitable one. One company worth a look is Novo Nordisk (0TDD). This is an outfit that tackles the growing problem of obesity. You only have to look around to see how serious that particular situation is.- By Malcolm Stacey |
- 30 October 2023, 08:07 |