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Neil Woodford uber dog WPCT releases FY18 Results – what about the cash?
This morning saw Woodford Patient Capital (WPCT) release its annual results for 2018. The key points seem impressive: an increase in NAV per share from 91.33p to 97.61p, more disruption tomorrow (along with the disruptive jam) and running costs are just 0.2% (only because the management bonus is triggered at 10% per year and so far NAV has declined). But they say follow the money ….. what about the cash?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 5 April 2019, 04:29 |
K3 Capital – from in January “confidence in outlook for the full year” to…
A “Trading Update” from business and company sales specialist in the UK, K3 Capital (K3C)… and the shares currently at 135p in response – down more than 15%. Uh oh…
- By Steve Moore |
- 5 April 2019, 04:15 |
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I still don't understand why GVC's CEO and Chair dumped so many shares...
I wailed and gnashed my teeth over betting behemoth GVC (GVC) a month or so ago after the company's CEO and Chair dumped a bunch of shares just days after an excellent results publication...which they also loved up in print and voice at the time. Throw in the terse regulatory news statement and correctly the stock dumped afterwards and has not yet recovered. Moving aside from the satanic aspects of selling shares at 666p (and the CEO having 666,666 shares left!), today's trading update represents the start of a rebuilding phase for the company with UK market investors...
- By Chris Bailey |
- 5 April 2019, 02:50 |
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A double whammy for Purplebricks as two sinners repenteth: the writing is on the wall
Two high profile sinners repenteth and the writing is now very firmly on the wall for Purplebricks (PURP) as it starts a year when it will almost certainly run out of money. The sinners: broker Berenberg and Britains's most conceited fund manager Neil Woodford.
- By Nigel Somerville & Tom Winnifrith |
- 5 April 2019, 01:53 |
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Why Coro Energy was my Dragon's Den pick
Coro Energy (CORO) was my pick this year during the Dragon’s Den session I was involved in at the UK Investor Show, and I also hold a small position here myself from around the current share price. Like many smaller companies in the oil and gas sector, it is an investment that I class as being speculative, hence not risking huge amounts of money in it at this stage – but there is also a lot of potential upside...
- By Gary Newman |
- 5 April 2019, 01:25 |
Doctor, Doctor I Feel Like a New Share. Have a Look at EMIS, then
Hello Share Munchers. A very useful company is commended today, one which should benefit from the growing army of GP patients. I don't know about you, but it's almost impossible for this family to see a real doctor these days. This is not always due to a shortage of them, but a fast-growing number of older patients suffer more than one chronic illness...
- By Malcolm Stacey |
- 5 April 2019, 01:14 |
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Sosandar slides again back towards IPO price – time to buy back in?
In covering this subject, my prime concern is not to hurt the feelings of Britain’s top share blogger, thirsty Paul Scott, who filled his boots at the 17p IPO. Mr Scott repeatedly argued, normally via 3AM thirsty tweet rants, that my tipping the shares was holding them back and so when I advised readers to bank 100% gains at 34p (and did so myself as well) he argued this was awful advice but thought it good for the share price which he saw at 65p+. The stock is off another 5% today at 22p to sell so should we be thinking of horrifying thirsty Paul and buying back in?
- By Tom Winnifrith |
- 4 April 2019, 08:48 |
March performance update: start of 2019 shorted AIM shares
Early this year we showed the Shorted AIM shares at the start of 2019. How's the performance following March? (those in bold remain from 2018)...
- By Steve Moore |
- 4 April 2019, 08:02 |
HSS Hire – 2018 results, “significant progress”?
Previously writing on UK and Ireland tool and equipment hire and related services provider HSS Hire (HSS) in November with its shares at 33p, I concluded at least until there’s more concrete evidence of why to have confidence in the sustainability of the balance sheet, I’ll retain this on the bargepole list. Today results for the company’s year ended 29th December 2018 emphasising “we made significant progress against our strategic priorities and delivered the highest adjusted total EBITDA in the group's history” – and the shares are currently just above 35p…
- By Steve Moore |
- 4 April 2019, 07:00 |
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Tom Winnifrith Bearcast: My first hand experience of women's tits not enough to make that Mothercare call
I list a roll call of heros and urge you to join them HERE. In the podcast itself I cover Saga (SAGA), Mothercare (MTC), Andalas (ADL), and in some detail, Versarien (VRS).
- By Tom Winnifrith |
- 4 April 2019, 05:01 |
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Woodbois – positive quarterly update from the former Obtala, ‘a high level of confidence’…
Woodbois (WBI), the former Obtala, “is pleased to provide a quarterly update on operations for the three months ended 31 March 2019” (Q1), emphasising “the pace of progress… clearly validates the decision to shed the agriculture business in order to concentrate our experience, energy and strengthened balance sheet on competing profitably within our chosen industry” (timber production and trading)…
- By HotStockRockets |
- 4 April 2019, 04:37 |
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Versarien PLC: Update on Patrick Abbott: An Astounding Lack of Judgement
It has taken taken two weeks since Versarien (VRS) announced the appointment of Patrick Abbott as Vice President North American Operations, for his ongoing criminal case to be disclosed, despite it being widely publicized here and elsewhere. Presumably this has been dragged out of the company by some grown up at NOMAD Canaccord.
- By Lucian Miers |
- 4 April 2019, 04:03 |
AO World – full-year trading update argues “mindset shift”… but financial shift?
Previously writing on online electrical retailer AO World (AO.), I noted in January “the board's expectations for the full year remain unchanged” – with it unhelpfully not included what expectations are! However, “challenging backdrop” is included and it all looks set for another meaningful full-year loss and cash burn. The shares are though currently at 127.5p, capitalising the company at more than £600 million! My stance remains sell. The shares closed yesterday at 97p – and today a “Trading Statement”…
- By Steve Moore |
- 4 April 2019, 03:50 |
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Saga – because I am not Bernie Madoff...mea culpa
Whilst I wish the newly appointed Intu (INTU) CEO the best of luck (but surely as the old CFO he knows all the structural issues and a lot more) and I see Debenhams (DEB) continues to try to change whilst having materially negative like-for-like sales (not easy to say the least), the key regulatory news statement for me today has to be Saga (SAGA)...
- By Chris Bailey |
- 4 April 2019, 03:30 |
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A Two VITAL questions Letter to Amber Rudd MP about the stolen £65,000 & London & Capital Finance
The scandal about the £240 million London & Capital Finance ponzi, which we have done so much to expose here, grows by the day. The real scandal is that it is just the tip of the mini-bond iceberg and those politicians such as Nicky Morgan on the LCF case should now, as a matter of urgency, be looking at other schemes that are still taking in money such as the West Ham promoted one we exposed HERE. But back to LCF and Amber Rudd.
- By Tom Winnifrith |
- 4 April 2019, 02:18 |
I'm with the Big Oilers as that Lucky Old Crude Price Keeps Rolling on
Hello, Share Cringers. Have you noticed how the price of crude oil is creeping up? In the distant past, I think I recall, it was higher than $140 a barrel. Then it dipped to around $30 in 2016 on glut fears. It managed to rally above $80 a barrel in September last year, before toppling again to around $46 - and now it’s hauled back up to $70. Recently though, the share prices of the oil giants have not improved enormously...
- By Malcolm Stacey |
- 4 April 2019, 01:16 |
March performance update: start of 2019 top shorted London-listed shares
Early this year we showed the top shorted London-listed shares at the start of 2019. How's the performance following March? (those in bold remain from 2018)...
- By Steve Moore |
- 3 April 2019, 08:55 |
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Argo Blockchain – Sack the board EGM called, very odd events... but a buy
Argo Blockchain (ARB) has announced that it has received a shareholder requisition notice from Lynchwood Nominees Limited, which owns 14% of the company's voting capital, to convene a general meeting at which resolutions would be proposed to remove Jonathan Bixby and Mike Edwards (and any other director appointed on or after 15 March) as directors of the company and to appoint an as-yet unidentified person to the board as a director. The board understands that First Investments Holding Limited is the beneficial owner of the shares held and referred to by Lynchwood...
- By HotStockRockets |
- 3 April 2019, 07:45 |
Lighthouse Group – recommended cash offer, “an attractive premium”?
Chairman of financial advisory group Lighthouse (LGT), Richard Last, emphasises a recommended offer from Quilter plc (QLT) “provides Lighthouse shareholders with the opportunity to realise their investment in full and in cash at an attractive premium to the levels at which the share price has traded in recent months”…
- By Steve Moore |
- 3 April 2019, 07:08 |
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Tom Winnifrith Bearcast: taking apart the Audioboom trading statement
I start with a question for wretched PM Theresa May - which of your assessment's of Jeremy Corbyn was correct? I then look at the strange events at Brave Bison (BBSN), take aprt Audioboom's (BOOM) joke trading statement, look at Jersey Oil & Gas (JOG), Management Resource Solutions (MRS) and, finally, thirsty Paul Scott favourite TrakM8 (TRAK). Now how about you all follow the good Craig and donate a "one-er" HERE
- By Tom Winnifrith |
- 3 April 2019, 04:48 |