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Latest News

FRR
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Breaking: Frontera due in court Tuesday, could be game over for shareholders by Wednesday

This is so simple that even Justin the Clown or a shareholder in Frontera Resources (FRR) can understand it. Frontera is due in court on Tuesday with 1/2 day court time allocated. If it loses it will be bankrupted.

HCM

Table of shorted AIM shares - week to 14/12/2018

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

IRV

Can Interserve be Saved? Tipster and Broker Opinion

Another dismal year for public services provider Interserve (IRV) was capped off by a further 50% slump in the firm’s share price earlier this week. The price reaction formed a direct response to the revelation that Interserve is seeking a rescue deal which – according to Christopher Williams (The Telegraph) – represents “a disaster for shareholders”. In this week’s article, we take a look at current tip sentiment; do the consensus believe the firm now can be salvaged, or is it is doomed to fail? The answer: it depends on who you ask – tipsters, or brokers?

KOOV
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Koovs remains highly speculative at this stage

Indian fashion retailer Koovs (KOOV) has just released its interim results and they don’t look pretty, but to be fair to the company that was largely expected.

EU_flag

The Europe Crisis and What Will Happen to Our Shares Now?

Hello, Share Mixers. One thing I’ve learned in 30 years of studying share prices every day is that the money markets are a better predictor of the future than any other means. Politicians, parliamentary journalists, lawyers, ordinary folks and bookmakers can‘t hold a candle to the Footsie when trying to judge events.

Bearcast
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Tom Winnifrith Bearcast - The rot at the heart of the AIM Casino: Photonstar Led, Tomco & Blue Jay

In today's podcast I start with Deutsche Bank and the dire problems faced by the EU. Who really wants to stay in bed with this corpse? That pans out to wider reasons to be bearish and I cannot stress too much look not at P&Ls but at balance sheets. I look specifically today at Photonstar Led (PSL), Tomco (TOM), Low & Bonar (LWB), Argo Blockchain (Don't laugh at me too much), Optibiotix (OPTI), IQE (IQE) and the scandalous behaviour of team BlueJay Mining (JAY), moving on from the points flagged up HERE

SAG

Science Group – trading update & termination of formal sale process. Share price fall justified?

“Consultancy providing applied science, product development, technology advisory and regulatory services to a client base in medical, commercial and food & beverage markets”, Science Group (SAG) has announced a “Trading Update; Termination of Formal Sale Process” – and the shares have responded currently more than 6% lower, towards 200p…

HAYD

Haydale – Wheelsure nonsense!

We all know that AIM-listed Haydale needs to raise money, and we have had all forms of pumping to support it in the form of RNS Reaches and paid-for broker notes. Now we see reannounced old news from NEX-listed Wheelsure (WHLP) regarding the joint venture with Haydale and the University of Manchester which Haydale announced on 27 November (and Wheelsure announced on the 26th)! Even Haydale didn’t even bother with an RNS Reach, although an announcement went out via Alliance News: never miss the opportunity to re-inform! But this does beg one or two questions.

LWB

Low & Bonar – warns on performance & attempted discounted fundraising ahoy?

Previously writing on ‘specialist performance materials’ company Low & Bonar (LWB), I concluded “the shares have unsurprisingly sunk, currently to circa 40p. However, with present challenges aplenty, I currently retain previous caution – and note this a further reminder to be cautious of ‘greater second half weighting’ – particularly if amidst already clear challenges!” (see I suggested profit warning, it reckoned greater weighting to the second half). Today a further “Trading Update” – with a first bullet point being “tough market and trading conditions largely unchanged during fourth quarter”. Uh oh…

RENE
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Reneuron – jam tomorrow for Neil Woodford, or just in a jam tomorrow?

AIM-listed Neil Woodford investee Renueron (RENE) posted its interims to the end of September this morning. As with many of Neil Woodford’s investment choices, this is another cash-burning operation but it does have the advantage of some interesting technology. The question, of course, is cash!

JAY

John Meyer of SP Angel is shameless with his BlueJay ramping c/o Justin the Clown. Shocking.

John Meyer of disgraced Nomad of MySquar (FRAUD) infamy SP Angel really is a very naughty boy. The scallywag was in action once again on the Justin the Clown podcast at Vox Markets, as you can witness below.  To save your suffering fast forward to 20 minutes and 40 seconds when the analyst appears. His crimes are numerous. First up..

PSL

Photonstar LED – “pleased to announce” placing. But it’s monumental dilution for what?

Photonstar LED (PSL) previously commenced announcements with “the British designer and manufacturer of smart LED lighting solutions and cloud based building management services”… . It today states “PhotonStar LED Group plc (AIM: PSL.L), is pleased to announce that it has raised gross proceeds of £100,000… at a price of 0.02p per share”

Bearcast
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Tom Winnifrith Bonus Bearcast: tales of total woe from my local estate agent - and how to profit from it on the short tack

I visited my local Estate Agent yesterday about selling the house of the Mrs here in Bristol. He is a clever, honest and experienced chap who has done TV work and who I've known for a a while. I relay his numerous tales of woe which, I think, are symptomatic of the wider market, whatever headline data we are fed. If I am right how do you play the dire times ahead on the short tack? I discuss house builders in general, Barratt (BDEV) - if I said Bovis in the bearcast I meant Barratt -, Purplebricks (PURP) and BCA Marketplace (BCA) in this bonus podcast.

AA
premium content

Lessons from AA plc

It never ceases to amaze me what Private Equity firms get away with. We are warned constantly that buying from them often ends in tears but, like moths to a light, the investment community cannot resist handing over other people’s money to them at crazy prices. It looks like Uber and Airbnb are lumbering onto the runway. In 2004 private equity firms, CVC Capital, Permira and Charterhouse bought the AA (AA.) from Centrica for £1.75 billion. Ten years later they borrowed vast amounts of money and paid themselves £2.5 billion in “dividends”…

RFX

What the Dickens is this? A Pawnbroker Which is Growing Fast

Hello, Shares Tasters. Christmas is a natural home for Dickens fans like me. And when I imagine Victorian Britain, I think of pawnbrokers. They are not, as one might imagine, a dying financial institution...

NANO

Nanoco – “remain confident in delivering the board's expectations”… so what?

Self-styled “a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from our technology platform”, Nanoco (NANO) has updated including “we remain confident in delivering the board's expectations for our full year results” and “we continue to work with a range of customers and partners on a number of near term potentially transformative technological and commercial activities” – and the shares have responded currently 6.5% higher towards 40p…

TUNG

Tungsten – half-year results,will it go bust & if so how soon?

Business transaction network company Tungsten (TUNG) has announced results for its half-year ended 31st October 2018, including CEO Richard Hurwitz emphasising “we have achieved much in the first half of the financial year to support future revenue growth, including the new customers that we have signed, securing our Italian SdI registration and our partnership with Mastercard”. So why do the shares remain depressed around 32p?...

BCN

Bacanora Lithium at 26p worth 115p - VSA initiates coverage...whatever

VSA Resources is house broker to Bacanora (BCN) but has visited its operations and come back initiating its coverage with a detailed report, below.

Bearcast
premium content

Tom Winnifrith Bearcast: You are going to Hell and your "blog" is toxic say two of my critics

I deal with the critics in turn. The former, a Christian, has me wrong, the latter, a knobhead, is an apologist for enablers of crime. I then look in detail at Purplebricks (PURP) and is inevitable descent to zero, and at the implications of the sad tale of African Battery Metals (ABM). Then it is onto Bonmarche (BON) blaming Brexit for its woes not the crass stupidity of the bird who runs this business of the wider macro picture which she fails to recognise could sink her business completely. I also comment on BCA Marketplace (BCA) and on the pre-Christmas plans of Joshua and myself for today, far more important than this stockmarket malarky.

BON
premium content

Bonmarche – “extremely poor” sales, though argues “confident in the strategy” & “well prepared to weather the storm”. Really?

“Trading Update” from womenswear retailer Bonmarche notes its “forecast assumed that demand would broadly follow the pattern experienced last year when, during the earlier part of November, customers delayed purchases in anticipation of being able to take advantage of Black Friday discounts. However,”... Uh oh…

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Bearcast issue update: all should be well

 

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Oracle Power: Cynical Foul

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