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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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Tom Winnifrith Bearcast: Upland and Kefi
In this podcast I deal with Upland Resources (UPL) - target sub 2p on Monday, 0p in the end - and Kefi Gold & Copper ( KEFI) - target way above current levels - looking at calls for share suspensions, false attacks on bears, the role of the FCA and panicked investors.- By Tom Winnifrith |
- 29 October 2023, 21:04 |
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The View From The Montana Log-Cabin As Gold Goes Above $2,000: Ouzo Time? Not Yet!
Gold finished the week at $2006, up from $1981 last week and over the $2,000 line. As a long-term bull of the yellow metal, I have been expecting a rise for too long – so is it Ouzo time?- By Nigel Somerville |
- 29 October 2023, 17:05 |
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Ethernicity looks in real trouble with its creditors and last weeks share price rise was bonkers - sell
It seems to be silly season at the lower end of the market at the moment with some crazy rises coming on micro cap companies that often haven’t even had any particularly good news.- By Gary Newman |
- 29 October 2023, 16:27 |
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My share tips of the year 2023 – as the last 2 months of the year approach update...
In December I offered up two share tips of the year for 2023. Now as the last two months of the year approach, how do they look?- By Steve Moore |
- 29 October 2023, 15:31 |
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Sunday Long Reads: Bye bye Catonese, Why did Street Movements fail?, Warp Speed, Tik Tok grinder, Britain’s newest media mogul
Sunday is a good time to sit back, read, and forget about shares. Put the kettle on, find a comfy chair. You have the time, don't you?
- By Darren Atwater |
- 29 October 2023, 09:36 |
Visual Aid: The Foods With the Largest Environmental Impact
Food and agriculture have a significant impact on our planet, particularly in terms of carbon emissions, water withdrawals, and land use. To visualize how different food items contribute to this environmental impact, the graphic below ranks foods based on their greenhouse gas (GHG) emissions and water withdrawals, using data from Poore and Nemecek and Our World in Data.
- By Darren Atwater |
- 29 October 2023, 09:35 |
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The ShareProphets Sunday Pub Quiz #212
It's time for the ShareProphets Sunday Pub Quiz.. There are no prizes! And remember, no Googling!
- By Darren Atwater |
- 29 October 2023, 09:34 |
Notes from Underground – Most read articles for the week ending 28 October
Here are the most read and most listened-to articles and Bearcasts on ShareProphets over the past seven days. The most read non-Quiz, non-Tom article last week is by Steve Moore, Velocys – “delighted to announce” launch of new technology facility. Er, what about going concern though?! at No 1 or No 3 including Bearcasts.
- By Darren Atwater |
- 29 October 2023, 09:34 |
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A Comparison of AIMs Largest Fake Takeover with the Upland Amateurs
This week we celebrate the official anniversary of AIM’s largest ever fake takeover. Four years ago, on 24 October 2019, Eurasia Mining (EUA) blew the starting whistle with an RNS that would ultimately see its market cap inflated from just under £10 million to a peak of £1.2 billion. During that time, whilst supposedly seeking to sell its assets, Eurasia placed to raise funds three times, raising a total of $45 million from shareholders. All that money has gone now!- By Evil Banksta |
- 28 October 2023, 16:36 |
Bulletin Board Moron of the week: bmwman on ADVFN? Can you do better?
Upland Resources (UPL) shares will collapse on Monday after the shocking after hours admission that its supposed bid approach was in fact a complete scam, as discussed in bearcast earlier HERE. As I am 100% vindicated and enjoy another celebratory ouzo, bmwman has identified the real culprits in what is a crime. I despair. The moron posts- By Tom Winnifrith |
- 28 October 2023, 10:03 |