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Latest News

SFE
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Safestyle UK – hopefully our prior warnings were heeded as it hasn’t taken long for others to recognise it should be 0p for shareholders… and shares suspended!

Today no-longer describing itself as “the leading UK focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market” as it did just yesterday, there’s a “Further Update on Process & Suspension of Trading”-titled announcement from Safestyle UK (SFE). How’s this then following I previously noting that, with its clearly dire negotiating position, it was good luck with its sale discussions!?

GBP
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UPDATED: Ouzo time: Peter Hill and Global Petroleum – a champion fat cat value destroyer: is the gravy train, finally, on the rocks as Panmure tries 0.045p bailout

On 13 October 2014 I wrote a piece: “Peter Hill (MA Oxon) of Global Petroleum – a case study in AIM casino piggery”. Global (GBP) shares were then 3.5p down from 12p three years prior when Hill took over. Hill has trousered millions since then and the shares are now just 0.0675p and that could well be 0.0675p too high for there is a horrible warning today.
KETL
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Strix – another two red flags

Steve Moore and I have warned you all often enough about Strix (KETL), the company claiming to be revolutionizing the world of kettles. Today another two big red flags.

SVE
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Starvest – Another one bites the dust, and another one gone, and another one gone

Another day and another company announces that it is to depart the AIM sewer, the self-styled world’s most successful growth market. This time it is the specialist mining and resources investment company Starvest (SVE) founded by the late Brice Rowan. This departure, unusually, is good news for shareholders.
IAG
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If you can afford a plane trip, then IAG will happily take you (to most places in the world)

I asked the correct question back in May, of how International Consolidated Airlines (IAG), which you will previously know as British Airways, was “feeling about 2024 (and beyond)?”. So far however I have come to the wrong conclusion, a point made not only by its own share price but also rough peers such as easyJet (EZJ) too…

SHG
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Shanta Gold – Q3 update, gold production “in line with expectations” and upside potential

Shanta Gold (SHG) has announced third quarter 2023 gold production across its two operating mines of 27,935 ounces, in line with expectations, and also continued exploration progress.
VCP
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Will Geoff Wilding at Victoria face huge margin calls and what will he do?

Both Lucian Miers and I have been long term bears of carpets roll up play Victoria (VCP) for a host of reasons, one of which is the “colourful” CV of head honcho Geoff Wilding. Another reason is the massive number of acquisitions some of which appear to make no sense at all. A third is its inability to generate free cash while always reporting stonking profits and a fourth, derived from that, is the debt and liability laden state of its balance sheet.
SBTX

SkinBioTherapeutics – updates on acne consumer study and trading, Strong Buy on a winning share tip, target 50p+

SkinBioTherapeutics (SBTX) has announced that it is commencing a consumer study which it considers “is potentially a major step towards the commercialisation of a new probiotic treatment that could address the root causes of conditions like acne”, as well as noting “trading for the full year to June 2023 was in line with market expectations. Cash at year end was £1.3m, ahead of expectations of £1.1m, and the company continues to control its costs”. What of this news from a current 27p share price, £46.7 million market cap?
HAYD
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Haydale – “Pleased To Announce” FY Numbers From (Yet Again) Bailed Out AIM Graphene Outfit

AIM-listed graphene outfit Haydale (HAYD) was “pleased to announce” its full year results to 30th June 2023 this morning. This, despite having to be bailed out yet again post-period with another massively dilutive rescue package as the company delivered a pre-tax loss of over £6.5 million! What on earth is there be pleased about?
KMK
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Kromek – “award of $5.9m contract”. Attempted ramptastic?

Describing itself as “a leading developer of radiation and bio-detection technology solutions for the advanced imaging and CBRN detection segments”, Kromek Group (KMK) states that it is pleased to announce it has been awarded its first biosecurity contract from the US Department of Homeland Security and that this underscores its belief that there are significant market opportunities in this area. So what of the shares currently responding 8.4% higher to 4.5p in response?
Bearcast
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Tom Winnifrith Bearcast - The stink of bad cheese

I start with a note on the Hamas lovers at Lancaster University then spend 97% of the podcast on shares: Argentex (AGFX), Ironveld (IRON), Caracal Gold (GCAT), Upland Resources (UPL), EventBrite (US:EB) and in some detail Roquefort Therapeutics (ROQ) which should be a zero.
AGFX
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Argentex – Brutal CEO sacking, crushing RNS

Currency dealer Argentex (AGFX) issued an RNS this morning headlined “Board Change”. That sounds bland enough but something made me look at it, call it a sixth sense, and sure enough, CEO Harry Adams has “left the Company with immediate effect.” I bet there are many looking at their voodoo doll covered in P45s attached with sharp pins this morning and shouting at the poor doll “FFS that’s the wrong Harry Adams.” But back to Argentex…

#BoycottEventBrite for heroic #RileyGaines and short the shares too

Check out Riley Gaines. She is a brave young lady who scrubs up well and who swam against the sort of Lady who has a penis, a "Ms" Lia Thomas. When Ms Thomas competed as a man she was nowhere but as a woman she won numerous contests. Riley and was cheated out of medals in US collegiate championships as a result. But Riley is brave and despite horrific threats, including death threats, from trans activists has launch a high profile campaign to keep women's sport fair, that is to say not for women with penises. Riley is not anti trans she just wants sport to be fair.
  • 26 October 2023, 13:16 |
COPL
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Canadian Overseas Petroleum – yet more worthless confetti vicar

Some folks think that the main business of Canadian Overseas Petroleum (COPL) is producing oil. No really they do, I kid you not! You and I know that its main business is issuing lorry loads of shares to dilute holders as much as possible. And thus today….
SFE
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Safestyle UK – hopefully our prior warnings were heeded as it’s now desperate sale discussions admitting doubts of “any” return to shareholders!

Previously writing on company describing itself as “the leading UK focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market” Safestyle UK (SFE), earlier this month with the shares down to 3p I reviewed how confident to really be for “an alternative financing structure” being sought and concluded this still a hope-prior-warnings-here-were-heeded sell. The shares most recently closed at 1.6p and today a “Process Update”-titled announcement, and what of the shares currently down to below 0.60p?!

NWG
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An £11m payoff and ICO now rules Alison Rose DID breach data protection rules in the NatWest Farage scandal. Twice

As I noted at the time, there is one rule for the great and good and another for we dirty plebs. The Information Commissioners Office (ICO) has today ruled that former NatWest (NWG) CEO Alison Rose, not once but twice, breached data protection laws in leaking details of Nigel Farage’s bank account to the BBC reporter Simon Jack. Well there’s a shock. You don’t say. But is the ICO going to do anything about it?
INCH
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Inchcape is more interesting than I expected...BUY

I have never written about (or owned) shares in Inchcape (INCH) before. It describes itself as a “leading independent multi-brand global automotive distributor, with strong fundamentals and significant growth opportunities ahead”. It may not be an easy world out there, but distribution remains an interesting area which is clearly consolidating over time versus the norms of the last few decades. But many will have heard of the company in the UK as “one of the leading franchised retailer groups in the UK, partnering many of the world's best brands including, Audi, BMW, Jaguar, Land Rover, Mercedes-Benz, Toyota and Volkswagen”. So, is it just a flash car dealership?
RTOP
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Regtech Open – has the £2.063 million arrived as promised? Letter to the FCA

Regtech Open (RTOP) is in my view a plain fraud. Listed at 100p on August 25 its shares at peak ramp were 314p within weeks. They are now 11.5p. A peak market cap of £188 million is now less than £7 million and it may well be insolvent. Companies owned by Alessandro Zamboni of the fraud Supply@ME Capital (SYME) infamy were meant to provide loans of £2.5 million by early September but he could not dump enough stock so did not. Revised payments in 4 equal instalments totalling £2.063 million were meant to complete yesterday. Have they?
Bearcast
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Tom Winnifrith Bearcast: How to lose customers the TW way!

I start on the topic in the strapline then discuss: Upland Resources (UPL), Tintra (TNT) and other spoof bids. Then it is onto Caracal (GCAT) a clear zero in waiting, ASOS (ASC) and why Gary is wrong, Dev Clever and why the FCA has no balls, CAB Payments (CABP), Regtech Open (RTOP) and the fraud Supply@ME Capital (SYME) .  
IGR
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IG Design – I having previously been cautious considering the macroeconomic and consumer environments, how’s its latest trading update?…

Previously writing on group describing itself as “one of the world's leading designers, innovators and manufacturers of gift packaging, celebrations, craft & creative play, stationery, gifting and related product categories” IG Design (IGR), in April with the shares down to 162.5p I remained cautious considering the macroeconomic and consumer environments. The shares most recently closed at 112.5p, but what of them currently up above 130p on the back of a “trading update”?

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