
Previously writing on sports, leisure and mobility equipment group Tandem (TND), last month with the shares at 262.5p I noted emphasises “in line with market expectations”, but how creditable is that? – including noting a litany of factors that suggested to avoid. What about now its full results for the 2022 calendar year?
Taking-advantage-of-covid-lockdowns March 2021 at 200p per share listing dog, Oops sorry, “disruptive and inclusive digital womenswear fashion brand”, In The Style Group (ITS) has announced that at a General Meeting today “the Sale Resolution was duly passed by Shareholders on a poll. It is therefore expected that Completion of the Sale will occur on 27 March 2023. The Cancellation Resolution did not pass”. With the shares currently down a further more than 20% in response to 0.66p, what does the latest news mean?
Writing Two drunks propping each other up, Nomad and broker Cenkos (CNKS) merges with finnCap (FCAP) earlier, Tom noted their stated triumphant and grandiose argument that “This merger is a true meeting of minds: the combination of two firms with a shared client-centric culture” before noting shall we list all their recent shite IPOs? I’ve had a look back over the 18 months before the start of this year and found the following (and not forgetting finnCap’s March 2021 Parsley Box already de-listed. Please add any which could have been missed from this “true meeting of minds” in the comments below)...
Previously writing on windows and doors retailer and manufacturer Safestyle UK (SFE), last month with the shares at 23.5p I questioned how confident on the “return to profitability”? and concluded to avoid. The shares last closed at 29p but are currently heading back towards my previously noted price following full-year results.
Previously writing on company describing itself as “a leading vendor of cloud-based cybersecurity and IT automation software” Osirium Technologies (OSI), in January with the shares at 3.8p I concluded that it was still cash burn and thus only a bailout fundraise for now. The shares last closed at 2.6p and are currently further lower on the back of full-year results... which have a main body of the statement omission disgrace.