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Gresham Technologies – how “pleased” to be with recommended offer?
Data, banking integration, payments and cash management software company Gresham Technologies (GHT) is “pleased to announce… a recommended cash offer” from STG Partners private equity firm. How ‘pleasing’ is it though, with the shares currently up to just above 160p?- By Steve Moore |
- 9 April 2024, 15:59 |
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Tasty plc – requires “restructuring plan” including lease exits and creditor write-offs approvals, or it’s cash crunch ahoy!
Previously writing on ‘Wildwood’ ('pizza, pasta, grill') and ‘dim t’ (pan-Asian) casual dining restaurants company Tasty (TAST), just over a year ago with the shares down to 2.25p I wrote full-year results, cash flow and balance sheet sickly. The shares most recently closed at 1.05p and now an intra-day (uh oh!), 10:47am, “Trading Update, Restructuring Plan and Loan”-titled announcement.
- By Steve Moore |
- 9 April 2024, 14:09 |
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Oracle Power: Cynical Foul
This website has been perennially bearish on Oracle Power (ORCP) and has been vindicated in that view. The company is clearly running on vapours and to that end it is trying to pump the shares ahead of the next bailout placing. So today we have a cynical announcement.- By Tom Winnifrith |
- 9 April 2024, 13:46 |
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Explaining free speech with a cartoon for the 10th time for defamatory fantastist and liar Magna Carta
For the 10th time - the first perhaps for our many new readers - I feel the need to explain what free speech really means. I do this for Magna Carta , a poster here, who seems to think that we are obliged to approve & publish his comments which are defamatory and in some cases just so unpleasant that I do wonder for his twisted little mind. Not bold enough to post in his own name and a man proven to have lied, inter alia, about attending Sharestock and about loss making spread bets, Magna posts several times each day about myself and Kefi Gold & Copper (KEFI). He is obsessive.- By Tom Winnifrith |
- 9 April 2024, 13:20 |
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Tern: this is just a spoof, Talking Medicines “trading statement”
Quite clearly, as per my earlier article, Tern (TERN) has rapidly dwindling cash balances and a stack of hungry mouths, the investee companies, to feed. If it does not do yet another placing - which will be deeply discounted – within the next couple of months, I am a banana and it will be toast. And with that in mind there is a ramptastic RNS.- By Tom Winnifrith |
- 9 April 2024, 12:16 |
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Surface Transforms – after another discounted equity fundraise as recently as November, surely it’s not liquidity crunch ahoy again?…
Manufacturer of carbon fibre reinforced ceramic disc brake materials Surface Transforms (SCE) commences a “Q1 2024 sales and operations update”-titled announcement with that it “reconfirms unchanged sales guidance of £23m for the 2024 financial year”. So why a current share price response to below 7p, down more than 27%?- By Steve Moore |
- 9 April 2024, 11:10 |
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Reader: You are being far too soft on Clem Chambers. I plead guilty, this is SHOCKING!
I thought that I gave Clem, a man grown obese on expensive wining and dining claimed on his ADVFN (AFN) expenses account in my article earlier about Online Blockchain (OBC). But a reader slams me as being, as is my wont, far too charitable and generous. Mea culpa, time for a second helping Clem?- By Tom Winnifrith |
- 9 April 2024, 10:38 |
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Cirata – where the hell is the cash going?
I reckon that anyone who uses the phrase “The cadence of customer interaction” is an A grade corporate wanker and almost certainly has an MBA. Step forward Stephen Kelly the grossly overpaid new CEO at Cirata (CRTA), the dog formerly known as the fraud Wandisco.- By Tom Winnifrith |
- 9 April 2024, 09:49 |
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Tern – Wyld T04 warrant fund raising & a looming margin call
Tern (TERN) shares have risen strongly in recent days following an investor presentation and and a, paid for, report prepared by Progressive which highlighted the potential jam tomorrow of its 4 largest holdings being Device Authority, Talking Medicines, Fundamental VR and Wyld Networks. Konetiko of course having being placed into administration.
- By Tom Winnifrith, the Sheriff of AIM |
- 9 April 2024, 08:22 |
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Clem Chambers trough-fest Online Blockchain Annual Report finally surfaces and it’s a hoot
Thrown off the AIM sewer on January 5 2024 after its Nomad, London’s worst, Roland “fatty” Cornish quit, Online Blockchain (OBC) has finally, yesterday, filed its annual report for the year to June 30th 2023. You really could not make it up. Awarding himself a 25% pay rise, boss Clem Chambers is a laugh a minute. He starts off with Fatty’s Resignation. Natch it was not Clem’s fault.- By Tom Winnifrith, the Sheriff of AIM |
- 9 April 2024, 08:09 |
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Cake Box – “Full Year Trading Update”, why the profit and its comparatives that dare not speak their names?
Describing itself as the “UK's largest retailer of fresh cream celebration cakes”, Cake Box Holdings (CBOX) has issued a trading update headlined “Strong growth across the business resulting in full year profits slightly ahead of market expectations”. How impressive is the performance from a, currently just over 2% higher in response, 164.5p share price?- By Steve Moore |
- 8 April 2024, 15:59 |
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Tom Winnifrith Bearcast: the price of a loaf of bread was 26p in 1980 & I bet teachers were lazy then too
In today's bearcast I discuss lazy teachers, share buybacks, Lloyds (LLOY), Victoria (VCP), gold and bread prices annd signs of a top in gold stocks and what my target is for Jubilee Metals (JLP). Then there is Ben's Creek (BEN) where the 0p target is perhaps just days away. Let the recriminations begin...- By Tom Winnifrith |
- 8 April 2024, 15:55 |
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Tekmar – “Contract Awards”, but announcement RNS Reach attempted ramptastic?
A “Contract Awards”-titled announcement from Tekmar Group (TGP) includes that it “is pleased to announce it has recently secured a number of contract awards, with a cumulative value of approximately £6 million” and emphasising that it is “continuing to secure contract volume on more favourable terms and our pipeline and enquiry book remains healthy”. So what of a current more than 5% higher share price response to 9.25p?- By Steve Moore |
- 8 April 2024, 13:58 |
Video: From a Cyclical Low to a Super Bull – Why This Could be Gold’s Decade
Analyst Adam Hamilton says that the recent rally in gold prices is driven by fundamentals, technicals, and sentiment, with seasonality playing a small role. He noted that gold stocks are undervalued compared to gold prices, presenting a significant opportunity for investors.- By Tom Winnifrith |
- 8 April 2024, 13:31 |
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Contango – from no plans to raise to a raise in just four months
Contango (CGO) is the sort of POS that gives the Standard List such a bad name. Operating a coal mine in Zimbabwe you might have thought that it was profitable . More fool you. Today it has raised £940,000 at just 1p, as I predicted it would last week,. However, if one goes back to December 8 with the shares having slumped from well over 5p to just over 4p the company announced that despite its shares sliding there was nothing wrong, indeed it continued to attract corporate interest in its mine. And…- By Tom Winnifrith |
- 8 April 2024, 13:16 |
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Eden – how long will its cash last? Time for a Jo Hart mea culpa?
Thanks to ludicrous pumping by the preposterous Jo Hart of the Mail on Sunday Midas column, who appeared happy to ignore 27 years of non-delivery with a very good sprinkling of fraud, shares in Eden Research (EDEN) surged last year allowing it to get a £9 million placing away at 6.5p. But how quickly is it spaffing that cash? How much is left?- By Tom Winnifrith |
- 8 April 2024, 11:36 |
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Windar Photonics – what’s the “proposed placing” really mainly for?…
A “New Order, Trading Update and Proposed Placing”-titled announcement from LiDAR wind sensor and software company Windar Photonics (WPHO) today with CEO Jorgen Korsgaard Jensen emphasising “this new order also makes history for the company as it records its first revenue stream from software sales… look forward to continued progress as we seek to expand our offering further by selling not only upfront software licenses but also additional performance software-related improvement services”. So what of the shares currently at 34p in response?- By Steve Moore |
- 8 April 2024, 11:28 |
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Oi Monkey, Invinity statement needed, your six weeks are up
The bear case, as pushed by Evil Banksta, is that Invinity Energy Systems (IES) has a very full valuation even at 22.5p and that it will run out of cash by July so will have to do a placing, probably at a discount soon. The bull case is that if one makes long term extrapolations then on a DCF basis a market cap of £43 million is a bargain and that a strategic investor will bail Invinity out at a premium. I bring you two statements made by the company:- By Tom Winnifrith |
- 8 April 2024, 10:48 |
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Ben’s Creek: the Fat Lady is now gargling
Ben’s Creek (BEN) is – as I have warned for so long - a company that was always going to go bust. Now it seems that the Fat Lady is gargling.Ben’s has sent an additional shipment of 20,000 tons of “off spec” i.e. sub standard coal to its 29.9% shareholder Avani selling it at just $60 a ton, as opposed to the normal coal price of $195. Avani has paid a Bernie up front and the remaining $200,000 will be paid on delivery. This is not a commercial deal it is just a way of staying afloat for a few days longer. Indeed Ben’s admits its fecked.
- By Tom Winnifrith |
- 8 April 2024, 10:03 |
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WOW and Kefi you really are a twit
Almost every day someone describing themselves as WOW, a reader of this website, sends me an hostile or demanding email about Kefi Gold & Copper (KEFI). I now put them in spam but I bring you an idea of the tone with today’s missive.- By Tom Winnifrith |
- 8 April 2024, 09:03 |