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Latest News

WGB
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Walker Greenbank – “Full Year Trading Update” = attempted stealth profit warning

“Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group, announces a trading update for the year ended 31 January 2019. The results for the period are expected to be in line with management's expectations”. So why are the shares currently approaching 10% lower, below 80p?...

YGEN
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Yourgene – debt cleared this is an amazing deal: STRONG BUY (plus comment on Hardman)

Companies often describe deals as “transformational” without any real justification. Yesterday’s deal by Yourgene (YGEN) really is a game changer and is fantastic news for we loyal shareholders.

PGD

Patagonia Gold – in short it’s fecked

Shares in Patagonia Gold (PGD) have more than halved today to 46.5p but the market is being kind. Today’s news is disastrous and things are likely to get far worse.

FGP
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FirstGroup - dumping 'Madchester' bus station & refinancing bonds

I am trying to think if I have ever been to ‘Madchester’ bus station. Whilst I ponder this, I can provide you with the news that FirstGroup (FGP) which apparently used to own it has sold it on for £11 million or so to another transport group Go-Ahead (GOG). How exciting. Much as I would like to talk about transport hubs of the north, there is a serious side to my preliminary waffle…

FOOT
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Footasylum – shares sprint ahead on JD Sports move… but what about trading tripping-up badly?

An “Acquisition of stake by JD Sports Fashion Plc” (JD.) – and a 90% increase in the share price of Footasylum (FOOT) yesterday, to 55.2p. That though still compares to a 164p AIM IPO in just November 2017 – so there value here?...

ISAT

Fancy an Investment in the Final Frontier? Put Your Telescope Up to Inmarsat

Hello Share Pals. I’ve been holding fire over the British space firm Inmarsat (ISAT) recently. And that’s not just because my more intelligent colleague Tom has been critical of my earlier commendations. It’s some time since Tom commented on Inmarsat, so I’m not sure he holds to his earlier critique which held that satellite communication was no longer the encouraging sector than it once was...

Bearcast
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Tom Winnifrith Bearcast: Bloody half term

My daughter Olaf is on half term and bored so has called twice to discuss the great issues of the day. Being an Islington leftie she reckons that ISIS supporting nutter and her son should be allowed back into the UK. I disagree.  In the podcast I also look at  Footasylum (FOOT) and the lardbucket loud-mouth wild card when it comes to being short retail, at Yourgene (YGEN), Falanx (FLX), African Battery Metals (ABM) and Red Rock (RRR), Victoria (VCP), Motif Bio (MTBF) and Plexus (POS). To go heckle the Sith Lord Zak Mir, drink as much free booze as you can and grill Andrew Bell next Monday book your seat HERE

Moneytree

The Tax System Explained in Beer

Suppose that every day, ten men go out for beer, and the bill for all ten comes to £100. If they paid their bill the way we pay our taxes (by taxpayer decile), it would go something like this...

AAOG
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Too many unknowns to make Anglo African Oil and Gas an investment currently

Anglo African Oil and Gas (AAOG) has been hugely popular with private investors over the past few months and has seen big fluctuations in its share price as various pieces of news landed during its recent drill – including a placing to raise more money which Tom Winnifrith exclusively revealed here before it took place.

VCP
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Victoria – argues positive, but how ‘temporary’ can raw material price increase absorption & lower margin product focus really be?

Floorcoverings company Victoria (VCP) has updated including “introduction of lower margin, volume products” and “temporarily absorbed, rather than passed on, substantial increases in underlay raw material prices”, though argues “the board looks forward to a successful 2020 financial year”. Hmmm…

MTFB
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Motif Bio – lender Hercules starts plug pulling and a tweet that did not age well

I warned you all in a bearcast last week that the real threat to Motif Bio (MTFB) was that lender Hercules would start to want its money back and that the company’s cash crisis would thus soon become critical. And lo it came to pass.

KDR

Karelian Diamonds – “Great Pleasure” in presenting Interims justified? Er, no…….SELL!!

This morning AIM-listed Karelian Diamonds (KDR) - the Prof Conroy sister to Conroy Gold and Natural Resources (CGNR) - offered up its Interims to the end of November. Prof Conroy was pleased, but should shareholders be enthused?

MCLS

McColl's shares have been marked down by over 75%...but I am still leaving them on the shelf

Back in early December I expressed my pessimism about the shares of convenience store operator McColl's (MCLS), which have sunk from around 250p a year ago to around the 55p level today. Today's numbers are striking in the sense that everything remains difficult...but inevitably it remains hopeful…

Bear

Five slam-dunk sells for 2019 – mid-February update

It is four weeks since my last update, so it is time to take another look at my sells for 2019. The five have, as a whole, had a better month but I cannot help but think that for three of them the precipice approaches...

Gold
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All that glitters…..is there something wrong?

Gold has been horribly out of favour ever since it surged to its post-financial crisis peak of $1900 per ounce. Meanwhile I have been hanging on to most of my gold as a stale bull. I guess it mirrors my (lack of) fashion sense – if I hold on long enough it will come back in. But commentators are suggesting my over-patience may be coming to an end...

RDSB

As Banks and Brokers Up their Targets, Shell A and B Shares Could Crack Open Buying Opportunities

Hello Share Pacers. Recently I opined that BP (BP.) was possibly a better bet than its rival Royal Dutch Shell (RDSA and RDSB) at the moment. But there’s not much in it, and it might be a good idea to take out the insurance of investing in both jumbos. The thing driving both shares at the moment is, of course, the rising oil price...

Bearcast
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Tom Winnifrith Bearcast: the Mother in law has some harsh and damning words for me

I am now back from  my weekend in the Grim North where the Mother-in-law had some harsh words for me which have wounded me greatly. I look at Plus500 (PLUS), our coverage and where next and then at the demise of FlyBMI and what that says about Brexit, airline stocks, corks on waves and if the same applies to retail.

Dead-Donkey
premium content

Wellesley Finance Plc – another mini bond lender heading for the rocks?

Wellesley Finance is another minibond lender provider and also a peer to peer lender. It shares
some features in common with London and Capital Finance Plc (in administration) and Blackmore
Bonds Plc ( as we showed HERE technically insolvent). It offers attractive headline rates of return better than the banks albeit lower than London and Capital and Blackmore. The directors report for Wellesley Group for
2017 shows that it had borrowed at an average rate of 4.17% in the year. The latest interest rate
offer is up to 7% per annum 

Gold

Podcast: Ronald-Peter Stöeferle - The Perfect Storm for Gold & Mining Stocks - $2,300 here we come

Analyst Ronald feels that we are in a perfect storm for gold as his inflation indicator began to rise this January. One should load up on inflation-sensitive currencies, mining equities, physical gold, and the commodity sector in general. The combination of monetary tightening and rising rates is going to lead to recessionary risks and the economic numbers show a dramatic cooling.

TCM
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Thoughts on Telit as D Day looms (Wednesday)

As I write, the Telit Communications (TCM) share price at 120p is trading close to its lows as next Wednesday looms. This is the date that the acquisition of its auto division by TUS International, postponed twice already, is “expected” to complete…

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