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RWS
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RWS Holdings – AGM trading update, recovery income and growth BUY

Language, content and intellectual property services company RWS Holdings (RWS) has issued an AGM update including emphasising that “client retention and satisfaction remain high, our growth initiatives are contributing incremental revenue and we continue to make progress with transforming the group into a scalable platform”. How good is the news from a current heading towards 220p share price, £812 million market capitalisation?
HZM
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More bad news dressed up as good from Horizonte Minerals, a one way trip to the glue factory surely beckons

After the most recent shocker on cost overruns, I cannot understand why anyone with even half a brain cell would still be holding shares in Horizonte Minerals (HZM). Today there is more bad news dressed up as good.
JLP
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Jubilee Metals – interims, an exciting expansion and recovery potential Buy

Jubilee Metals (JLP) has announced its results for its half-year ended 31st December 2023 and that an upgrade project is set to significantly increase copper production during the current half year period. So good news from a recently down towards 5p share price?
TM1
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A Question for Technology Minerals

A reader flags up a very valid question for the company so desperate to distance itself from the stench of fraudster Chris Cleverly, Technology Minerals (TM1). It relates to the company co-founded by the first cousin of our esteemed home secretary James Cleverly, Recyclus
ENSI
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EnSilica – receives payment for 2023 R&D tax credit, why an amount that dare not speak its name?

Semiconductor circuits company EnSilica (ENSI) has issued a “Receipt of R&D tax credit” announcement, stating that it “is pleased to advise that it has now received payment for the 2023 R&D tax credit that was referred to in the company's interims results”. So what of a currently down to 69p share price?
SYME
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Supply@Me Capital – revenue, profits and TAG cash funding promised tomorrow with loads of jam

In today’s long-winded business, trading and funding update Supply@ME Capital (SYME) gave its usual dog ate my homework excuses about why deals hadn’t yet completed and promises of jam tomorrow but crucially had to fess up that it was still owed £1.766 million by Alessandro Zamboni’s the AvantGarde Group (TAG). But it seems to have pleased the chatroom gerbils.
Bearcast
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Tom Winnifrith Bearcast: What a good Welshman like Steve O'Hara will be doing on St David's Day tomorrow

The answer starts the podcast as I also discuss what Joshua and I have planned. Then it is on to Avacta (AVCT), Hemogenyx (HEMO) and stockmarket morality, Tek Capital (TEK), BSF Enterprises (BSFA), Blackbird (BIRD), Tintra (TNT) and finally Skinbiotherapeutics (SBTX) where, I sense, Stuart Ashman and his greedy and overpaid FD are on the way out.
SHG
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Shanta Gold – late “adjournment” of Meetings to approve offer, why not providing what the shareholders “feedback” was?

On 20th December Shanta Gold (SHG) was “pleased to announce” agreement of a 13.5p per share cash offer, arguing “it provides an exit opportunity in cash for all shareholders taking into account the current gold price as well as the operational and other risks inherent in the business” and, subsequently, to approve it, there was a Court Meeting scheduled for 1pm, and General Meeting for 1:15pm, today. Instead though today there was a 7am “Adjournment of Court Meeting and General Meeting” announcement, stated to be “following feedback received from Shanta shareholders in connection with the Scheme”. So what’s going on?
ICON
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Iconic Labs, after the insider dealing: do the maths!

Yesterday the share price of Iconic labs (ICON) surged by almost 100% at one point. Of course there is never any insider dealing in the City of London where the streets are paved with gold and where everybody is a scholar and a gentleman. Today the shares have been suspended as the FCA forced the company to ‘fess that it was in early stage talks about an RTO. Now do the maths.
ADF
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Facilities by ADF – argues a “strong financial performance”. Is it though and what of the forecasts downgrades that dare not speak their name?

Production facilities for the UK film and television industry company Facilities by ADF (ADF) commences a full-year trading update announcement with that it “delivered another strong financial performance in FY23 with revenue expected to be £34.8m (FY22 £31.4m) and adjusted EBITDA of £7.3m (FY22 £7.9m)(1) and an adjusted profit after tax of £1.1m (FY22 £4.8m)”. Hmmm, is that really a “strong financial performance” then?
HEMO
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Hemogenyx placing makes me remember what bastards these chaps are

Shares in Hemogenyx Pharmaceuticals (HEMO) already trade below the 2p price of a £3.325 million placing announced this morning. That is a bad sign. The placing makes me remember my first encounter with the company on 26 February 2018. That made me view the company as scammers and my view is not changed. Eventually folks will tire of this worthless shitshow.
RTOP
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Regtech Open pulls a fast one with a year end change, just six months after its IPO

It is technically insolvent, has yet to clear up the gross deception regarding the mystery 12 “investors” from its IPO and has not updated us on payments made, or rather not made, to it under a loan agreement from scampster Alessandro Zamboni. But Regtech Open Project (RTOP) has announced a year end switcheroo. Just six months after its IPO. Yet another red flag vicar?
IEC
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EXPOSE: Investment Evolution Credit: a £13m scam listed on Aquis c/o Cairn Financial it’s a zero

This is shocking and I can only think that my pal Liam Murray at Cairn Financial and the chaps round at Aquis Regulation had overindulged on the Christmas sherry on an industrial scale when Investment Evolution Credit (IEC) was listed on 14 December 2023 raising gross proceeds of £508,000. At an 85p mid its market cap is already £12.72 million but it’s a scam, a worthless con as I shall explain below. Its accounting is mind blowing and it just lies about what it does. On its website, Investment states that:
AVCT
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UPDATED GOTCHA! Avacta placing at just 50p! Its most hated critic, Tom Winnifrith (the Sheriff of AIM), vindicated yet again!

The shares closed Wednesday 28th down yet again at 74.4p and then, after hours, came the bombshell I warned folks about repeatedly but which Bulletin Board gerbils were in denial about: a placing at just 50p. Expect the sound of timber collapsing and gerbils squealing first thing. As the most hated of the Avacta (AVCT) bears, I shall enjoy a sober celebration at Sheriff of AIM Towers. Schadenfreude is the order of the day.
Bearcast
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Tom Winnifrith Bearcast: recording a video with Lucian, insider dealing at Direct Line and why today's news is a resignation matter for the greedy, bearded, Geordie, poltroon Ashman

I start with the Lucian video.I hope to record one with Steve O Hara later this week and to put the whole show live this weekend. I then discuss AIQ (AIQ) and the problem it shows about the whole Standard List, Direct Line (DLG), the bid and the insider dealing, BSF Enterprises (BSFA), St James Place (STJ) and screwing customers and why Stuart Ashman should quit after today's news from Skinbiotherapeutics (SBTX). Over on my own website there is, I think, an interesting podcast on Ukraine/Russia/The UUS elections , what is happening, will happen and why they are linked. You can listen to that HERE.
CPX
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CAP-XX – emphasising some ‘pleasing’ business activity as attempts to mitigate delayed “Update on litigation”?

Describing itself as “a world leader in the design and manufacture of supercapacitors and energy management systems”, CAP-XX (CPX) has issued an “Update on litigation and trading”-titled announcement and what of the shares currently up 0.10p at 0.50p in response?
AIQ
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AIQ – Sub-Standard Listed Shambolic Results From Another Crap VSA Flotation

Standard-listed AIQ (AIQ) has been nothing but trouble since it listed with the helpful assistance of Andrew Monk’s VSA capital. It spent much of its first six months on the LSE suspended and now all the money’s gone. This morning it announced its audited results to October 2023: look away now if you are a shareholder.
STJ
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St James Place shares crash as it sets aside £426 million for screwing its customers and there will be worse to come

I say this time and time again, in any business there are three key groups of stakeholders: customers, employees and shareholders. In some businesses there is a fourth, suppliers. The basic rule is that you can over-reward one or two key groups by screwing a third but only for so long. In the end you will pay for that screwing. Wealth manager St James (STJ) created a vile culture where staff were given huge bonuses, luxury cruises and more if they screwed customers by getting them to churn their investments and by stiffing them with any charges going. That also allowed the company to pay bumper bonuses. But that business model is not sustainable. And today the chickens started coming home to roost.
CRV
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Craven House Capital – a sub scale dog that should wind itself up

Craven House Capital (CRV) is one of those pointless companies at the very bottom of the AIM sewer list of failures, by market capitalisation it was at number 737 out of out 744 in the January table. Today it released its interim results for the six months ended 30 November 2023 which showed a loss of $114,000 increasing the deficit on shareholders equity to $498,000.
ENSI
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EnSilica – “Significant c.US$20 million Supply Win” announcement just hours after discounted placing announcement!

Yesterday afternoon EnSilica (ENSI) announced that it has conditionally raised approximately £1.1 million in a placing at 50p per new share and the company has today issued a “Significant c.US$20 million Supply Win”-titled announcement. What of these and a share price currently further up to above 70p in response?
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