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Centamin – interims, an improving cash generation and growth Buy
Gold miner Centamin (CEY) has announced its results for the first half of 2024 including emphasising improved earnings and free cash flow and that it is advancing organic growth opportunities within its asset portfolio. We suggest those mean clear further upside from a 119.4p share price.- By HotStockRockets |
- 8 hours ago |
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eEnergy – trading update argues now “strong momentum”, but sufficiently strong for the expectations?
Describing itself as “revolutionising the path to Net Zero as a leading digital energy services provider for B2B and public sector organisations”immediately makes me wary of eEnergy Group (EAAS) as small companies that claim “revolutionising” often tend to use it mainly to attempt to justify vast cash outflows. What of this business, which has today issued a “trading update” and with its shares currently responding up to 5.7p though still down from approaching 8p earlier this year?- By Steve Moore |
- 9 hours ago |
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Tom Winnifrith Bearcast: wildlife diversity report from the Greek Hovel, 4 mad valuations and a cheeky Friday value buy, a 20 bagger?
I start with life at the hovel then look at what is going on at World Chess (CHSS), UK Oil & Gas (UKOG), Pennpetro (PPP),Nightcap (NGHT) and Panthera Resources (PAT) Finally, you can still book your Sharestock seats HERE.- By Tom Winnifrith |
- 9 hours ago |
Video: The BRICS are Changing the Landscape for Gold Investors
Asset manager Peter Grandich is a Wall Street veteran and is deeply concerned over the markets’ failure to acknowledge major issues. He argues that gold markets show some recognition of these issues, while the stock market remains complacent.- By Tom Winnifrith |
- 10 hours ago |
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Brighton Pier Group – recent week improved weather and a “successful” charging implementation, BUT…
Brighton Palace Pier, Lightwater Valley Family Adventure Park, Paradise Island Adventure Golf and bars group, The Brighton Pier Group (PIER) has issued a trading update including noting a current warm and sunny spell and the potential for improved weather in August as well as “successful” implementation of charging non-residents £1 for admission to the pier during peak trading periods. So what of a share price currently more than 15% lower to 33.5p?- By Steve Moore |
- 11 hours ago |
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Croma Security Solutions – full-year trading statement, still a value and growth Buy
Locksmiths and fire & security products group Croma Security Solutions (CSSG) has issued a trading statement stating that it expects to report full-year results in line with market expectations as it continues to expand its store presence and benefit from resulting growing economies of scale. What does this suggest in terms of upside from a 75p offer price for the shares?- By HotStockRockets |
- 11 hours ago |
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Eurasia Mining: your 4 weeks is up!
On June 27 Eurasia Mining (EUA) warned that it could not get its annual report out by June 30th and thus that its shares would be suspended as of July 1. As I explained HERE, its excuses did not wash. But Eurasia did promise that the report would be out within 4 weeks.- By Tom Winnifrith, the Sheriff of AIM |
- 14 hours ago |
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Victoria shares hit new low of 157p: 2 new concerns
I continue to believe that drowning in debt carpets roll up Victoria (VCP) has all the makings of a zero. At 157p the market cap is now sub £180million. Borrowings are more than £1.1 billion and with cash continuing to be guzzled rather than generated I cannot see how it digs itself out of such an enormous hole. Now I flag up two new matters.- By Tom Winnifrith |
- 14 hours ago |
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Pantheon Resources $29m placing at 17p: time to close the shorts, banking big gains
I have always been a fundamental bear of Pantheon Resources (PANR) as its assets do not excite me and its management strike me as the sort of promoters who I can do without engaging with. About six weeks ago with the shares at c 30p I specifically and explicitly advised going short as, the company was flagging up a clear funding need. Well guess what?- By Tom Winnifrith |
- 15 hours ago |
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A failed fund manager turned share blogger predicts no Labour tax hikes
No not me silly it is Neil Woodford. Having suggested that the Tories would win the election mystic Neil now reckons Labour will not have to hike taxes. The Guardian and Telegraph today report that Labour has "discovered" a £20 billion black hole which it will close with tax rises for the middle classes. But, as ever, Neil knows better.- By Tom Winnifrith |
- 17 hours ago |
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Science Group – interims, “a good platform for the remainder of the year” Buy
Science & technology consultancy and systems business Science Group (SAG) has announced its results for the first half of the 2024 calendar year and stated that they provide a good platform for the remainder of the year. That looks to suggest strong further upside potential from a current 417p share price, £190.6 million market capitalisation – already up from our 400p offer price tip.- By HotStockRockets |
- 1 day ago |
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Tom Winnifrith Bearcast: water, water everywhere
I start with a water report from uber hot Greece. Then it is Upland Resources (UPL), Wildcat Petroleum (WCAT), Judges Scientific (JDG), Regtech Open (RTOP), Supply@ME Capital (SYME) and this abject regulatory failure which stains the whole London market- By Tom Winnifrith |
- 1 day ago |
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Virgin Wines UK – argues earnings “ahead of market expectations”, but how impressive is that?
Online wine retailer Virgin Wines UK (VINO) has issued a trading update including full-year “profit/(Loss) before tax expected to be £1.95m (FY23: Loss £430k). The balance sheet remains strong with net cash at the end of the period significantly higher at £10.2m” and that it “remain confident for the future”. What of a share price currently up to 45p in response, but still down from above 70p early last year?- By Steve Moore |
- 1 day ago |
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Upland Resources is Violet Elizabeth Bott
Those of my age will understand the reference, a very young Bonnie Langford in Just William: “I’ll scream and scream and scream until I am sick.” And thus Upland Resources (UPL) has issued its third RNS of the week. This all started with state owned Petros saying that it would open up block SK334 to a competitive tender before drilling in 2025. Hitherto Upland has been raising money on the idea that it had an exclusive right to enter a PSC on the block.- By Tom Winnifrith |
- 1 day ago |
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Ashington Innovation: you are taking shit Jason Smart
Ashington Innovation (ASHI) the drowning in red flags sub-standard listed shell has today raised £200,000 at 2p. That is a a 150% premium to the Company's share price yesterday and a massive premium to net assets which are virtually nothing. CEO Jason mart is a colourful chap whose links to penny share pump and dump fraudster Ron Bauer we exposed HERE. today he talks shite:- By Tom Winnifrith |
- 1 day ago |
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Pennant International – “pleased to report ongoing progress in the business”. How ‘pleasing’ is it?…
Systems support and training to the aerospace, defence and adjacent safety-critical markets business Pennant International Group (PEN) has issued a trading update including CEO Philip Walker “pleased to report ongoing progress in the business” and also that the group “notes the UK Strategic Defence Review recently announced by the new Labour government, and is pleased to see that the new government has committed to increasing UK defence spending to 2.5% of GDP”. So what of a current 4% lower share price response to 24p?- By Steve Moore |
- 1 day ago |
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Tortilla Mexican about yesterday’s warning, is it a cork or a wave?
I commented in bearcast about yesterday’s lack of real profits warning from Tortilla Mexican Grill (MEX).The company cites certain one off factors for a 5.9% fall in L4L sales but is that the whole truth?- By Tom Winnifrith |
- 1 day ago |
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Empresaria – trading update, is there “encouraging resilience” from it?
International staffing group Empresaria (EMR) has issued a trading update headlined “Encouraging resilience in temporary and contract despite ongoing challenging market conditions”. So what of a current share price response down 7.5% to 37p?- By Steve Moore |
- 2 days ago |
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Centamin – Interim Results And Raised Dividend (Hooray!)
Fully-listed Egyptian Gold producer Centamin (CEY) offered up half-year results to June this morning. With Gold having increased in price, I was hoping for a decent set of numbers and the first sign of increased dividend payments since the ground movement fiasco shortly after the current management team took office.- By Nigel Somerville |
- 2 days ago |
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Kerboom; Regtech Open auditor resignation letter!
The Reg Tech Open Project (RTOP) auditor resignation letter dated 28 June 2024 has now been filed at Companies House. The is dated the same day as Regtech announced that Alessandro Zamboni had failed to pay promised $1.5 million and Regtech requested the suspension of its shares.- By Tom Winnifrith |
- 2 days ago |