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Latest News

XAR

Xaar – H1 results, reception of new products “positive” & “firmly believe in the potential”. Really?

Xaar (XAR) has announced results for the first half of 2018, including “the long term opportunity for Xaar remains very significant, but trading continues to be impacted by the aggressive decline in our Ceramics business, and the unpredictability of the adoption of our new products”. Hmmm…

Bearcast
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Tom Winnifrith Bearcast: Telit & Yosi Fait, Tesla & Elon Musk - who is going bust and who is going to jail and or the mad-house?

I start with a few thoughts on just how wonderful it is up here at the Greek Hovel, truly it is peaceful and heavenly. Then a thank you for your kind emails and comments on poor Oakley. Then this podcast takes an in depth look at Telit (TCM), run by insider dealer Yosi Fait, after its interims yesterday and at Tesla (TSLA) run by nutso market abuser Elon Musk after his latest outburst. 

PCIP

PCI-PAL – follows a private investor screwing, with “pleased to announce” results. Hmmm…

“PCI-PAL PLC (AIM: PCIP), a leading world-wide provider of Payment Card Industry compliance solutions for contact centres, is pleased to announce full year results for the year ended 30 June 2018”. The shares have responded... er, currently circa 15% lower, at 26.5p...

SER
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Sefton Resources – Jimmyliar Ellerton shares confiscated, yours may be forcibly bought back

And you thought the pantomime was over… now unlisted and registered in the BVI the latest developments at Sefton Resources (SER) are, predictably amusing. When Sefton was booted off AIM it had 4.8 billion shares in issue. Until the other day it appears to have had almost 9 billion pieces of confetti in issue. But that is set to change.

OBT
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Obtala – half year results & management chat, remains a buy

Africa forestry and agriculture company Obtala (OBT) has announced results for the first half of 2018, emphasising “having grown by more than 13x in 2017, year on year revenues are on track to deliver further growth in 2018 having achieved 80% of 2017's total turnover within the first 6 months” - though, on revenue of $6.6 million, even on an adjusted basis there was still a loss of $3.7 million…

VEL

Velocity Composites – following less than 16 months since AIM IPO warns AGAIN… now CEO & CFO go

“Directorate Changes” announcement from Velocity Composites (VEL), including “as a founder of the company Jon is fully committed to Velocity and feels it is the right time to hand over the CEO responsibilities”. Hmmm…

RBD
premium content

Updated: Reabold - £10 million discounted placing underway: source

A reliable City source tells me that Reabold (RBD) spent much of yesterday attempting to get a £10 million fund raising away.  If this is the case it is going to have to be at a steep discount and the shares are trading down 9% at 0.75p-0.85p indicating something is afoot. I have contacted house broker Turner Pope giving it the chance to deny and…

WPCT
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WPCT: This is going to be a difficult month for Neil Woodford – let’s play I-Spy

I smiled at yesterday’s announcement from Woodford Patient Capital Trust (WPCT) summarising the “summer of milestones” achieved across the portfolio as I imagine that is just buttering up the audience before the bevy of bad news hits. From my point of view, September is going to be a hellish month for Mr Woodford so welcome to ‘I-Spy Woodford’s September Hell’

BREE
premium content

Breedon's cash flow love-up

I see the housebuilders got another share price stuffing yesterday on fears that the Help to Buy policy (which I have lampooned on this website recently here) might come to an end. I see the updates today from Barratt Developments (BDEV) and Berkeley Group (BKG) have hardly reignited the shares despite all sorts of 'record results' comments from the former. Well when the average house price is around six times income (and a way higher multiple in London) then value there is not. However...

LLOY

Why I'm Still Riding the Black Horse and Expect to Make Hay if We Get a Good Brexit Deal

Hello Share Wishers. What a thundering disappointment banks have been. You would have thought that the huge recovery most Footsie shares have seen since the 2008 crash, would have catapulted banks back where they were pre-disaster. But are they Buckland Abbey!

OPTI
premium content

Optibiotix – it junks the Adam Reynolds keyboard for big news

I do not apologise for a second for advising folks to top slice Optibiotix (OPTI) at 131p but today the company has served up news which shows why it was right to hang onto at least part of your holding ( and we have held onto 6/7 of ours). Today’s release is big and does not use the Adam Reynolds keyboard – there are real numbers and big numbers.

TLA
premium content

TLA Worldwide – from ‘looks forward with confidence’ to banking covenants breach “likely” & Nomad resignation in little more than 3 months!?

Having previously really taken the biscuit with its 2016 ‘bury bad news’ Christmas sweepstake effort, today an intra-day (10:35am) “Trading and Business Update” from TLA Worldwide (TLA). I suggest these factors don’t bode well…

VEL

Velocity Composites – less than 16 months since AIM IPO, warns AGAIN!

Previously writing, in May, on Velocity Composites (VEL) it was less than a year since AIM IPO, it’s another profit warning!. Now a further “Trading Update”

WPP
premium content

WPP - time to advertise a kitchen-sinking

It is nearly six months since I last mused about the advertising behemoth WPP (WPP) HERE and it has not got any easier, even if its legendary founder Martin Sorrell did the decent thing and exited stage left...eventually. More on the great advertising man in a minute, but we all know that the key with this space (as with most sectors) is to underpromise and overdeliver. That in a nutshell is the challenge for the company's new CEO Mark Read, a company insider tasked with taking over the advertising company that Martin built…

WALG

Filthy Forty Walcom – defaulting largest customer pays up….well £34k (still £632k due, further £92k falling due)

ShareProphets AIM-China Filthy Forty play Walcom (WALG) – one of just seven remaining – announced yesterday that its largest customer had at last ponied up some cash. But it is only to the tune of about £34,000. Against a further approx. £632,000 owed and overdue, and another approx. £92,000 falling due by mid-month, that is a drop in the ocean.

HUR
premium content

Great deal for Hurricane Energy - buy

All of the focus has been on Hurricane Energy’s (HUR) Lancaster licence, and although its other assets looked very good I wasn’t expecting further progress quite so quickly.

C21

21st Century Technology – H1 ‘increased profit’. Er, is there a profit at all?

Fleet and passenger systems company 21st Century Technology (C21) has announced results for the first half of 2018, emphasising “the group has generated increased sales, gross profit and operating profit” and “expect our improved performance to continue”. What’s the detail then?...

BIOM

Coffee Boom and Cash Stash Make this Promising Share, well, Promising

Hello, Share Smashers. It is with some nervousness that I hold onto my Biome (BIOM) shares. They’re now worth quite a lot which is always a difficult stage with penny shares. Especially ones which have previously cost me a lot of dough.

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