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Tom Winnifrith Bearcast: The economic illiteracy of the political class: BP and its $27.6 billion profit

The tweet below is from Labour shadow chancellor Rachel Reeves but I also cite Lib Dem leader Ed Davey for spouting equal tosh this morning. I start with BP (BP.) and windfall taxes. Then it is onto Tintra (TNT) with two more bombshell exposes today. My target price here is now officially 0p. Then it is onto another Dominic White, of the fraud Supply@ME Capital (SYME) infamy, MaxRets Ventures (MAX). En passant I mention DeepVerge (DVRG).

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IXI

IXICO – next year “expects to achieve double digit revenue growth”, but what about this year and the bottom-line?

Medical analytics company IXICO plc (IXI) has issued a trading update commencing that it “reconfirms its revenue expectations of £7 million for the year to 30 September 2023 and announces that it now expects to achieve double digit revenue growth in the year to 30 September 2024”. So what of this currently helping the shares up to 26.5p?

TNT

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GOTCHA! Tintra: – the hidden multi million profit not recorded in Tintra Acquisitions accounts, time for HMRC to intervene?

Whilst we wait for Richard Shearer to respond to our questions posed in 4 exposes since Saturday or for AIM Regulation to show it gives a f*ck about maintaining an honest and orderly market, I present evidence that the Tintra Acquisitions Limited company number 13236378 is the relevant entity referred to in Tintra Plc RNS announcements. Maybe I should grass Shearer up to HMRC?

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DARK

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Gabriel Grego calls out Darktrace CEO share buy for the spoooooooooooooof that it is

In the wake of Gabriel Grego’s superb expose on Darktrace (DARK ), HERE, CEO Poppy Gustafsson made great play, as part of her range of responses, in buying 48,000 shares. But that was a spoof as Gabriel pointed out on twitter yesterday:

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SMRT

SmartSpace Software – emphasises “cashflow breakeven”, but is even that sustainable?

‘Smart’ buildings and commercial spaces software company SmartSpace (SMRT) has issued a trading update stating that it is “pleased to confirm that results for the full year ending 31 January 2023 are either in line or ahead of market expectations across our key metrics”. So what of a share price response currently up to 48p?

NUM

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Housebuilder chat is tomorrow, but today I talk about brokers (and specifically Numis)

I will talk more about the housebuilders tomorrow after the publication of an update from Barratt Developments (BDEV), whose shares I am not particularly surprised to see are up 11% so far this year but down 25% over the last twelve months. Meanwhile, I see the latest Halifax update is rambling on about that it is “expected that the squeeze on household incomes from the rising cost of living and higher interest rates would lead to a slower housing market, particularly compared to the rapid growth of recent years”. Hardly surprising…and today I want to talk about something different: current trading at the “independent institutional stockbroker and corporate advisor” Numis (NUM).

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TNT

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Exposé No 4 in 4 days: Tintra — what on earth is going with St Daniel House and Tintra Acquisitions?

AIM Regulation and Nomad Allenby appear not to care about the three exposes of Tintra (TNT) published here in recent days. So here is a fourth showing what a sewer AIM has become. St Daniel House, a former subsidiary of Tintra Plc is massively insolvent and owes former customers £1,467,511 and is effectively looking to offload these liabilities from the Tintra Plc group.

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ESNT

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Essentra – proposed special dividend and share buyback, Buy

Essentra (ESNT) has now announced how it intends to structure a previously noted £150 million return to shareholders following the disposals of its Filters and Packaging divisions to focus on being a leading global manufacturer and distributor of components.

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SEEN

SEEEN plc – emphasises “significant customer win” and “confident”. What about that cash burn?

SEEEN plc (SEEN) has issued a “Trading Update, Customer Win and Board Change” announcement including emphasising “a significant customer win expected to be worth approximately $1m in annual revenues, which reinforces how SEEEN's Key Video Moments technology positions it well to benefit from a shift in emphasis for all Multi Channel Networks driven by YouTube”. So what of a muted share price response to 5.75p, a £5.4 million market cap?

MSYS

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Another tweet that has not aged well - Gerry "the pustule" Brandon of Deepverge trolling me

On November 27 2020 shares in Deepverge (DVRG) traded at 27.5p and I challenged the company on its ropy accounts and over-optimistic trading statements. The CEO Gerry Brandon took to twitter to say that I did not understand accounts. He aggressively trolled and insulted me. I replied but in the end did block him. The shares are now 1.75p, Brandon was forced to walk the plank, the trading performance has been dire and even former advisers admit that he broke AIM rules. As such the tweet below has aged badly. But what of Brandon's other dog, Microsaic (MSYS), for this poltroon remains a pustule on the PLC scene. 

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