In today's podcast, I look at Optibiotix (OPTI) - where I bought more shares; Kefi Gold & Copper (Kefi); Guild ESports (GILD) - is it breaking up with David Beckham?; Nanosynth (NNN); the shysters at Verditek (VDTK)l and Shield Therapeutics (STX). It is definitely ouzo, or rather an elderflower champagne, for supper tonight.
Just how many times will mug punters fall for this spoofing? Last Thursday shares in Verditek (VDTK) traded at 1.3p. On Friday they soared to 1.6p. On Monday there was a contract announced and they roofed it to 2.5p. Today…
Today, Supply@ME Capital (SYME) will hold its Annual General Meeting, which, amongst other things, will authorise an increase in its share capital. Thus, it can issue additional shares to Venus Capital under the death spiral, and to Tradeflow Capital vendors for the deferred consideration.
Oh dear, oh dear. This is truly awful, and explains why results normally released in late April, came out today - deadline day. Shield Therapeutics (STX) is in a mess, as I warned so often. Ouzo for me. Cabbage water for those who ignored my explicit warnings and instead, hurled abuse at me.
I shall serve up a more detailed comment on the piss poor full year numbers from Eurasia Mining (EUA) later but it is worth flagging up for Cliff Weight, the laudable ShareSoc supremo, and others the matter of the paid for research published on Eurasia by ACF Research in February 2020.
As many of you reading this will know, I’m not exactly a fan of Mode Global Holdings (MODE) and even less so after its latest antics where it hasn’t exactly gone out of its way to inform investors about its latest fundraise!
How to cram as many buzzwords as possible into an RNS, and thus excite moronic investors: a lesson from the fraud, Supply@ME Capital (SYME).
I'm not suggesting anything inappropriate - just making an analogy, as I discuss Zephyr Energy (ZPHR). Then, I touch on Optibiotix (OPTI), and a chat with Steve O'Hara. If you'd like to spend a day with Steve over all day drink and home-produced Welsh food, you can of course do so, HERE. I am pleased to say that almost a third of the seats are already booked out. After that, it is onto Oxford Biodynamics (OBD) and Shield Therapeutics (STX) - will its placing be at 5p, or not at all?. Then, Pennon (PNN), sewage and Feargal Sharkey. Finally, Abingdon Diagnostics (ABDX), where good news has seen the shares rocket. However, that only postpones the next bailout placing (or death) until Adven
On a day when Ceres Power (CWP) hooked up with Shell, promising to spend £100 million on its tech - which will produce Hydrogen far more cheaply than anyone else on this planet - I ask someone, anyone, to explain the point of Powerhouse Energy (PHE), as its bastard offspring, Hydrogen Utopia (HUI), goes Dutch.
If I have suggested that Mr David Lenigas was a National Treasure and Britain's most talented objective analyst of small cap shares, rather than a fat Aussie spiv and shameless promoter of penny share dross, I must apologise. Not to Big Dave but to you dear reader.
Hindsight is often of little use on the markets and consists of people kicking themselves about something which seems obvious after the event, usually a missed trade, but occasionally it can also be used to avoid making the same mistake again.
Back in April I called the Imperial Leather, Cussons Baby, Cussons Kids, Carex, Original Source, Sanctuary Spa and St. Tropez seller PZ Cussons (PZC) a “bad day buy” below a 200 pence share price. I think we might have had a few of those year-to-date. But if you have bought some shares - like me - then you certainly have not made a fortune (yet) as the shares are basically 200p this morning. Still, it could be a lot worse…
AIM-listed Inspirit Energy (INSP) has announced the remarkable achievement of over 30kW from a first stage build test for its waste heat recovery system. Woopie-do! But is this all it is cracked up to be, with the shares up 49% on the news?
Versarien (VRS) admitted the need for a bailout placing within the next ten months (and probably much sooner), or it will go bust. With a quick google search, its latest RNS Reach spoof unravels in seconds.
How is your portfolio year-to-date? It has not been the easiest six months, but I've seen worse. Carnival plc (CCL) - my smallest personal portfolio holding at, fortunately, way below 1% - has also been my most disastrous. Perhaps, one day I will make it onto a cruise ship, but as a shareholding, I remain at a material loss. What did it say in the quarterlies, and what shall I do about my small position?
B.P. Marsh & Partners (BPM), the specialist investor in early stage financial services businesses, has announced results for its year ended 31st January 2022, emphasising its growth trajectory despite the current “headwinds for all businesses”.
Shares in the fraud, Supply@ME Capital (SYME), raced ahead on news of a financially immaterial transaction. Crazy, eh? And how do we know it was immaterial?
As noted HERE, I am a fan of Essentra (ESNT), the “hassle-free supplier of essential industrial components”. Is today's announcement - the company has “disposed of ESNT Packaging & Securing Solutions Limited, Essentra Packaging US Inc, and their respective subsidiary companies to Mayr-Melnhof Group, a leading producer of carton based in Austria, for a cash consideration of £312 million, on a cash-free, debt-free basis and subject to customary adjustments” - good or bad news, then?
Last year, AIM sewer poster boy, Deepverge (DVRG), did a placing at 30p. It had misled investors on trading, and its ghastly CEO, Gerry "the arse" Brandon, slated me as not understanding investment. Today, the shares are 10.5p, after awful finals in which, as I explain in this bonus podcast, the company again - by omission rather than act - materially misleads investors. If you own this stock, lube up; there is more pain coming your way.
This is a disgrace and if the Oxymorons at AIM regulation “led” by the bogus Sheriff of AIM, Mr Marcus Stuttard, were not such pathetic and spineless pond life they would be banning the devout Christian Matt Lofgran and London’s worst Nomad from playing any further part in life on the AIM sewer.
I guess if you want to go on a train today, then thanks to the striking unions you will be at the very least horribly delayed. How 1970s! Still, at least the interweb exists nowadays. I have shared my cautious views on Trainline (TRN) a few times already and it is not a surprise at all that its shares are down 10% today as I write. It still remains a clear avoid for me…and such a negative view may also be taken by its CFO, as the company announced that “Shaun McCabe, Chief Financial Officer, has informed the Board that after 6 years with the Company he has decided to step down, effective 15th September 2022, in order to assume the role of CFO at boohoo group plc" (BOO). Out of the frying pan and into the fire! No doubt more money is involved but - I would agree Shaun - that in a choice between the two, boohoo is more likely to positively surprise over the next two or three years. Anyhow today I wanted to really turn to drink…or in this specific case Naked Wines (WINE)...
The Financial Reporting Council is currently investigating this deception; now, Chill Brands (CHLL) has assisted with that enquiry by fessing to the total cost of the (pointless) domain name, Chill.com - a transaction that suggests the company may soon need yet another bailout. Let me explain.
A reader emails about Kefi Gold & Copper (KEFI): "you see how serious, if true, the situation is? So, don’t suppose you can get a response from HAA, since... without clarity before the markets open, shares will collapse 100%".
Supporters argued that incompliance with listing rules was of no great import and, as the FCA agreed, perhaps they were right. Hopefully, you did not fall for that and bailed, at 115p, on my warning last August. Shares in this Optiva-promoted dog’s breakfast are now 35p. It is not what is said today, but what isn't.
The company headquartered on a grim Staffordshire estate, which claims to be a global player, is in all sorts of trouble. Its shares remain suspended, as the FCA refuses to sign off on the prospectus for a deal announced on 12 April 2021. Meanwhile, where are the (undoubtedly piss poor) numbers for the year to October 31 2021? To them, first.
I previously wrote about DS Smith (SMDS) back in late April when I was a fan of the “leading provider of sustainable packaging solutions, paper products and recycling services worldwide”, but the shares have fallen back a bit since. So how do I feel about the company now following the publication of its full-year 2021/22 numbers?
Who claims that Bidstack (BIDS) will do a placing? Not that failed fund manager who works in a pizza store, when he isn't fleeing justice in Greece? On this occasion, it is not just me, but the company itself.
Solar panel producer (if not seller), Verditek (VDTK), has eight days to release its annual results. Given revenues will be the square route of fuck all, there is no excuse for delay. But we all know the reason, and that is why the shares are sliding again today, as they did yesterday.
Okay, Sam has a few things to be smug about. She set up FinnCap (FCAP), and 24 years later, it is an AIM-listed Nomad and broker. Furthermore, she has done it all despite - as per hundreds of sycophantic interviews - being a woman in what is largely a male-dominated world. How very ESG, la dee da dee da. But…
I do quite like receiving a food delivery from Ocado (OCDO). It is not cheap but the quality is good and it is certainly better than going to a restaurant or something like that. However - as I last detailed HERE three months ago - it is a “good job I prefer Ocado’s food delivery to its shares”, especially as the nearly £6 billion market cap company has felt the need to raise nearly £600 million in an equity raise. What is going on?
Any disruption to production is obviously a big issue for oil producers, and even more so when a company only has a small number of operations and it causes a significant impact on output.
Previously writing on ‘digital analytics-as-a-service’ company Actual Experience (ACT), in December with the shares falling to 40p I concluded with it already burning cash at an alarming rate that hopefully my prior warnings were heeded and, natch, that the shares were a sell. Now a “Contract cancellation” announcement at no one is watching o’clock, 6.30PM, on Friday. Uh oh!
Back in August last year, I concluded about Rank Group (RNK) that at the then 175p share price “for me today I would AVOID”. That was wise as this morning shares in the company which has “entertained Britain since 1937” are only 82p! So why have they halved over the last ten months?
Seven months ago, I wondered if Halfords Group (HFD) - the “largest retailer of motoring and cycling products... in the United Kingdom” - was a potential bad-day buy. Since then, the stock has halved! Have we hit the bad-day buy level, or not?
Hello Share Trekkers. As Mr Rising Price is really beginning to bite now, it’s timely to look at ways people are cutting their spending. Because increased economising will obviously affect the profits, and hence the share prices, of some companies. But not others. Here are some sectors which you might want to avoid, at least pro tem.
I see that shares in AIM-listed online purveyor of ladies wear Sosandar (SOS) have dropped – down by 0.5p today, to 20p and down from 22p at the start of play yesterday. But there has been no news, so why the shedding of around 10% of its value? The answer is, of course, news from rivals Asos (ASC) and Boohoo (BOO).
Before calling his lawyer, the pompous and bombastic arse should remember how, in the early stages of Avanti Communications (AVN), he boasted of fabricating a product demo. Worse was to come, as Williams made tens of millions from dumping shares he ramped ruthlessly, while investors lost everything. Now, he has a new scam: Arqit Quantum (US: ARQQ), listed on Nasdaq. We first covered Arqit, HERE. Its shares were $37.41 on December 3, 2021; now, they are just $5.65. Bring on the lawyers.
About three months ago, I noted that, before I bought back into the shares, I needed to see a >10% fall in the then c. 265p Tesco (TSCO) share price. We are not there yet, given this morning's 248p price, but what did its Q1 update say about the tricky path ahead?
Just a few caveats. Align Research is paid to pump out the research below. Align and its boss, Richard "nobody likes me and I don't care" Jennings own shed loads of shares in Bluebird Merchant Ventures (BMV), and the "analyst" is disgraced, journalist smearing, part time PR man, the vile and repellent Dr Michael Green. Dr Green should not be allowed to work in financial services after his crimes as an enabler of the fraud Sefton Resources (SER). Having said all of that, I too have an interest in these shares and reckon they are cheap. Are they worth 9.58p as the ludicrous Green suggests? Er no. But could they double? Yes. And the note below explains why.
Now that the Woodlarks walk is over, it is time for an in-depth look at Supply@ME Capital's (SYME) shocking full-year numbers. This is the first of a multi-part series, and brace yourself; it is shocking stuff.
Hello Share Pickers. You don’t hear much about shareholder perks these days. But one company still handing out discounts to its investors is Whitbread (WTB). Staying at one of its Premier Inns, they and the family get a free breakfast. Which isn’t, of course, a good reason to buy the shares.
The last quarterly report from MGC Pharmaceuticals (MXC) showed that, as of 31 March, it had cash of just A$ 4.004 million - having spunked just over A$ 3.9 million in that quarter. You can do the maths…
I may have told you the story before that I thought I was so smart when I doubled my money in the then As Seen On Screen (and now ASOS) (ASC) shares the thick end of a couple of decades ago…but I sold way too early. However it is better to make money than not…as any ASOS investors over the last five years know, with the stock down a mere 80% since 2017. And as any trendy 15-30 year olds will tell you, there have been plenty of fashion brand changes over recent years way beyond whether clothes should be bought online or not. And on this front, onto today’s noteworthy two updates…
If this website has ever suggested that Mr David Lenigas is a fat Aussie spiv or a shamless promoter of penny shares who is often economic with the truth I must apologise. Not in the least bit influenced by my own ownrship of oodles of shares in Wishbone Gold (WSBN), the tweet exchange below clearly shows that Sir David - as he will soon surely be - is easily the leading objective analyst of small cap mining stocks, not only in Britain but in the world today. What cutting insight hee shows once again. Breathtaking!
You will remember: this is the company that lied in its very first RNS, claiming to have raised cash when it had not. It then engaged in spoofery, stating that it was going to help companies with imaginary oil reserves, and monetize those fictitious assets via crypto/blockchain technology; the shares subsequently raced up to 4p. Now, it is again trying an E&P reversal, but a cash crisis is looming. Do the math!
Argo Blockchain (ARB) is a company that I wrote about several times a couple of years back, but more recently have left to Tom Winnifrith to write about the numerous red flags that he has spotted there.
Another exciting day in the markets, although at least today they are up…until we see what the central banks on either side of the Atlantic have to say for themselves over the next 24 hours or so. All good fun (as always). Meanwhile two workable updates today from Whitbread (WTB) and WH Smith (SMWH)...
Last time Argo Blockchain (ARB) passed the hat around, its disgraced CEO, Peter Wall, claimed that it had no need to issue equity. I put it to you that – as I revealed on Saturday – Argo is preparing to do just that; otherwise, Wall will be treated to another of the Fat Lady's performances. Moreover...
Apparently, “an Age of Darkness has descended upon the galaxy… Horus Lupercal, Warmaster of the Emperor's armies, has turned against his gene-father and sent the Imperium spiralling into bloody civil war”. I'm not sure what this means for global markets, but it has some relevance for Games Workshop (GAW), “a British manufacturer of miniature wargames, based in Nottingham, England…[whose] best-known products are Warhammer Age of Sigmar, and Warhammer”. Quite a few of you are (secret) fans, I'm sure.
AIM-listed Advanced Oncotherapy (AVO) is certainly keeping its Brokers – SI Capital and Allenby – busy. Only in April the company raised £1.7 million, although the funds weren’t in the bank when the announcement went out. In March the company rattled the tin for £2 million – plus an additional loan of another £1.5 million. Now it has rattled the tin once again – to raise just £800,000 (before expenses) as the company strains to keep its head above water.
On February 18, I generated industrial-scale abuse (of me) from anonymous internet warriors. All I did was suggest Shield Therapeutics (STX) as a slam-dunk short, at 25.5p. The savants insisted, as is usually the case in such circumstances, that I didn’t understand the maths, and should go back to working in a pizza store, etc, etc, etc. The shares are now just 14.6p, and the final collapse is almost upon us. Add to your shorts. Let me explain.
It has all gone quiet at AIM-listed Ariana Resources (AAU) but I fancy that things are about to hot up, which may make the shares a short-term buy in advance. Of course, I seem always to find a justification for buying Ariana shares and my target price is not far off double the current mark at 3.75p. But the company is pregnant with news, much of which is due by the end of this month.
So, who do you believe: the fraudsters at Supply@ME Capital (SYME), or The Financial Reporting Council? Er...the FRC.
Hello Shares Fans. Let’s take the opportunity, with markets closed, to review the situation surrounding the oil price and our opportunities to make money with the big, and not so big, oilers. In the last few days of trading, shares in Shell (SHEL), BP (BP.) and the like dropped. But the reason is lightweight and temporary.
In the world of investing, one must know when to quit. Whilst it is, I hope, many years before I no longer manage my money, one shouldn't expect to own their favourite stock today, forever. After all, it is not just that the world changes (because obviously, it does), but any share can become fundamentally fully-valued; that is when to move on.
The big institutions all barreled in to ProCook (PROC), since they knew better than Old Tom Winnifrith, despite his explicit warnings why this would end in tears. So, too, did Primary Bid, which was a keen supporter - as was our own Malcolm Stacey. What was he thinking? But, just seven months after the IPO comes a disastrous profits warning, and the shares have collapsed. While Malcolm drowns his sorrows with an extra pint of Old Mother' Green's organic ale, it is ouzo time at the Welsh Hovel. But do the founding O’Neill family, who flogged tens of millions worth of shares to dumb IIs, really care?
It is back to that Helios deal, which, as Boatman Capital revealed, saw Argo Blockchain (ARB) pay up to $17.5 million for $200,000-valued land. The owners of DPN LLC - bought to acquire the land - were former Argo stockholders. Small world, innit? Now, it gets far worse.
Yesterday I flagged up how Nostra Terra Oil & Gas (NTOG), run by disgraced Matt Lofgran (Praise be the Lord) of consorting with convicted fraudsters at Elephant Oil infamy, was hoodwinking its investors by releasing selected highlights of its 2021 annual report via RNS but no actual report. I suspect that the full report may contain words of warning from the auditors. It damn well should do.
Back in November 2020 I noted about Workspace Group (WKP), the “leading provider of flexible space for London’s brightest businesses”, that it was “fortunate it does not have the huge legacy debts of many of its commercial property peers, so it will survive…but the structural headwinds are still most clearly there: fewer clients wanting more discounts”. The shares have gone a bit up and a bit down since then but, despite being up about 1% this morning to a 732p share price after full year numbers, they are basically unchanged over the last nineteen months or so. In short no disaster…but what should investors think now?
This is not rocket science, but I suggest to you that devout Christian, Matt Lofgran (praise be the Lord), and London’s worst Nomad, Roland "Fatty" Cornish, may be deceiving their investors. Here's why.
In recent weeks the cannabis fraud Eden Pharma has been tapping up marks aggressivly promising an imminent stockmarket listing. Amazingly it has delivered. Well sort of. It is now the 51st company to list on the Merj Exchange in the Seychelles. The admission document below is a hoot, dripping in red flags. And there is a catch..
AIM-listed Haydale (HAYD) has offered up a trading update ahead of its full year to June 2022. Apparently all is well, with revenues ahead of expectations but is that really the case?
On 18 February, at 25.5p to sell, the big bear call was greeted with abuse from BB savants, who, unsurprisingly, always know better. Shares in Shield (STX) are now 14.6p, and the final collapse to c. 5p is now set to begin. Double up on your shorts. In this podcast, I discuss Argo Blockchain (ARB); Nostra Terra Oil & Gas (NTOG) and its unsavoury CEO, Matt Lofgran - praise be the Lord; then, I look at Genflow Biosciences (GENF), as its shares continue to tank; Challenger Energy (CHAL); Eurasia Mining (EUA); and Petropavlovsk (POG), where the target remains 0p. Finally, I remind you that Rogue Bloggers for Woodlarks is just 4 days away, and we are at 34% of the target. If among the 92% of listeners yet to donate, do give a fiver (or a tenner), HERE.
Later today, I will cover Argo Blockchain's (ARB) monthly update; it was truly piss-poor, and anyone holding the shares is tonto. But let us start with another red flag: today, the company boasts of doing a deal with the mining rig supplier, ePIC.
A year ago I wrote an article about the takeover of the UK insurance company RSA and also mentioned why I remained excited about the waste management company Biffa plc (BIFF) HERE. So it is good news earlier today that "following a period of discussion and negotiation, ECP's proposal is in respect of a possible offer at a price of 445 pence per Biffa share in cash". Not bad for a share that closed yesterday at 325 pence. Bring on the diet coke then…
How long does it take? In 2021, the annual report came out on 4 June; this year, it will be later. Natch, Eurasia (EUA) has an excuse. Despite claiming sanctions had no effect, it now states:
There may be signs that at last things might start to move at AIM-listed Bowleven’s jointly-owned Etinde prospect off Cameroon. It was announced this morning that chief partner and operator, New Age, has agreed to hand over the reins to Perenco as operator.
Finding junior mining companies that have the potential to go on to develop a large resource through to actual production, or an asset sale, is never easy and the reality is that most of these companies fail to ever achieve much other than burning through large amounts of cash over a period of years.
At the peak of a raging bull market ADVFN (AFN) managed an almost unique event in its history, it reported a profit. Facing a "sack the board" threat from Yair Tauman it recklessly started paying dividends. Now, as we slip into a bear market and with Yair’s nominees in charge we see how that payout was foolish and unsustainable as a ghastly warning of steep losses and worrying cashburn is served up.
Shares in UK provider of managed services “for cloud, digital platforms, unified communications, and connectivity solutions” AdEPT Technology Group (ADT) have fallen from above 290p as recently as September and have recently stabilised at around a 190p offer price. This is a good stock unfairly sold off amid market wobbles. We a short term bounce to 250p on the cards. This is a buy for a quick 30% gain.
You may have heard the other day that the latest Nationwide house price survey observed that apparently annual house prices rose by 11.2% in May, making the average UK home costs £269,914…or a mere 6.9 times average earnings. I am sure many people are excited about this but most probably know the reality of significantly slowing - if any! - house price growth over full year 2022. Spot the impact of higher interest rates and a slowing economy… And on possibly related factors I read in the press today that the “titan housebuilder Barratt (BDEV) is planning to begin a search for a new chairman, with City grandee John Allan to step down”.
Hello Share Pickers. I am glad that Uncle Tom kept you informed of my holiday antics and events at the Punter's Return. I am now back in the saddle myself. If, like me, you think the Jubilee celebrations are a waste of dosh, let’s turn our attention to a less trivial matter - interest rates and inflation. At present the Bank of England rate is 1%, the highest it’s been for 13 years. But nobody thinks the rate will stay there.
How are your domestic holiday plans for this year? Given all the airport hassles, what could be nicer than a holiday in the (no doubt rainy) UK? I am sure Premier Inn owner Whitbread (WTB) would completely agree with such thoughts. So, does that make the stock cheap?
Only last Sunday I showed that AIM-listed Trafalgar Property (TRAF) was technically insolvent, with MINUS £345,000 in net current assets, net assets of MINUS £3.3 million and cash of just £24,000 all as at last September. With a big ramp in play following the appointment hydroponics specialist of Dr Paul Francis Challinor, it was surely obvious that a discounted placing was on the way and whilst everybody was putting the finishing touches to the Platinum Jubilee bunting at 3.07 pm the day before a double bank holiday – truly no-one-is-watching o’clock - the company duly announced the issue of 133 million new bits of confetti at a massive discount. Nice work – call me Mystic Meg.
I have previously speculated that Charlotte is, in fact, a man. Furthermore, she is not a Brit but an Italian, possibly linked to the fraud, Supply@ME Capital (SYME). After an absence of many, many months, she is back with another email.
Recovering from several lectures on the evils of Brexit, I send you greetings from Frogland this Bank Holiday Thursday. In today's podcast, I look again at the Tern (TERN) - Pires (PIRI) merger. I then discuss three slam-dunk zeros: Kinovo (KINO) - whose shares should be suspended with immediate effect - Versarien (VRS) and Nanosynth (NNN), where the new CEO, Mark Duffin, is a complete clown. If he does a deal in snails, as he suggests, I am a Dutchman.
I’ve been a fan of Capricorn Energy (CNE), formerly Cairn, for some time now and my investment there has done pretty well, but I probably won’t be holding for much longer now that it has announced a merger with Tullow Oil (TLW).
On 28th June last year digital technology and services group Silver Bullet Data Services (SBDS) was “delighted that we have successfully completed our IPO and admission to AIM… placing to raise gross proceeds of £9.5 million for the company… to accelerate Silverbullet's growth, primarily through the roll out of its 4D product and the expansion of its existing client base”. That was at 257p per share. The shares last closed at 140p... and now 2021 calendar year results and a “fundraise” announcement!
AIM-listed jam-tomorrow IoT investment company Tern plc (TERN) has announced a recommended all-share deal to take over AM-listed Pires Investments (PIRI). The fanfare numbers are that Pires investors are getting a 54% premium to the previous closing price, with Tern’s shares priced at 15.5p, but that seems to me to be a spoof. One wonders why Pires' board took the deal…..
On Monday I asked When Will The Money Run Out? at Aquis lobster-potted TruSpine (TSP) and yesterday we got the answer, in the form of a placing, subscription and a debt-for-equity exchange raising £700,000 (before expenses) of new money and converting a stack of outstanding directors fees and third party creditors. Eat your heart out, Mystic Meg! Oh, and er…..oopsie…..the company “forgot” to mention that it had issued 724,902 shares to third party creditors back in November, failing to issue an RNS or apply for those shares to commence trading. Move along please, nothing to see here!
AIM-listed jam-tomorrow IoT investment company Tern plc (TERN) has announced a fundraise by investee FVRVS at a 77% premium to the previous book value of Tern’s holding. Well done Tern…..well sort of, because Tern put in no new cash, which raises an awkward question.
The results were delayed by a month and that demonstrated that while good news travels fast bad news is oft tardy. Even the fraudsters at Supply@ME Capital (SYME) seem to be starting to be forced to admit that the game is almost up as calendar 2021 numbers are a real shit show. This company is technically bust.
AIM-listed John Zorbas vehicle URU Metals (URU) has announced yet another roll-over of the particularly advantageous 85p conversion terms on its $500,000 death spiral funding from Boothbay Absolute Return Strategies LP. With the shares currently at 350p in the middle, this is a licence to print money. The giveaway terms are now open to Boothbay until 31 May 2023.
Ooops - it looks as though the LGBT-friendly promoter of the world’s most homophobic regimes, Mr David Beckham, may need to rescue his CBD play, Cellular Goods (CBX), as today's interims are truly disastrous.
Aquis-listed TruSpine (TSP) is yet another of the disastrous recent IPOs to have sullied the London markets. Having joined the lobster-pot in August 2020 at 36p, the shares have utterly collapsed in the wake of an IPO subscription doing a runner and multiple delays to the approval of its Cervi-lok spinal stabilisation device, which was supposed to have seen FDA submissions completed in Q4 2020 and we were promised commercial sales in 2021. Here we are at the end of May 2022 and the FDA has not yet been satisfied, there is no sign of any sales and the shares are now just 4.3p in the middle. Ouch! But has the company run out of cash?
It is now seven months and two days since the supposedly credible buyer of the assets of Eurasia Mining (EUA) completed its due diligence but still there has been no offer. How long can AIM allow this farce to continue? A proper bidder makes a bid and formalises it as soon as DD is done! Meanwhile perhaps we might get clarification on M&A head honcho Dmitry Suschov.
As we reach the end of month five – we are almost half way – here is the latest from my small-dunk sells for this year. The biggest feature of the portfolio is that all the companies need to rattle the tin and whilst that has been less of a problem during the everything bubble, market conditions are deteriorating fast. So I expect a few accidents in the coming months.
AIM-listed Rurelec (RUR), the carcass left behind by Peter Earl after he ran it into the ground, reported last week that it had received a partial debt repayment from Patagonia Energy Group after it received a payment of $1 million from Energia del Sur in Argentina. Rurelec got $758,400, but is still owed over $13 million. So is this good news?
My continued advice to keep well away from fully-listed Esken (ESKN) – the former Stobart Group (STOB) seems to have been well placed. Quite apart from the serial Red-Flags-At-Night announcements, there is the small matter of the share price continuing to collapse. A year ago the shares were 32.9p and I said sell; last August they had fallen to 15p and I said keep well away. Now they are just 8.77p and there are a few Red Flags in the FY22 results (to February) to suggest that there is still further to fall.
As we moved into 2022, I provided two share tips of the year. How are they faring as it approaches the sixth month of the year?...
I have been bearish on AIM-listed Yu Group (YU.) almost since the dawn of time. Well, since the company ‘fessed up that it had effectively been making up its numbers and that there was a black hole in the accounts. So is it time to reconsider, in the light of yesterday’s apparently bullish AGM trading update? Not so fast…..
THIS article yesterday exposed the activities of Mr. Ron Bauer and his known associate Mr. Adrian Beeston. Now let us see the hook up with my old pal, the Sith Lord Zak Mir and what appars to be a horrific quid pro quo. Or maybe it is just a coincidence...
After yesterday’s bombshell, HERE, the FCA must suspend trading in Genflow (GENF) shares. My letter is below.
Versarien (VRS) shares have surged of late: last week, they lounged at 15p; yesterday, they reached 24p. This surge is all the more remarkable given the company’s May 12 warning: within a year, it could run out of money. My guess? The spike is driven by chatroom speculation and is, in effect, a concerted pre-placing ramp. In that vein, I have two questions for loathsome CEO, Neill Ricketts:
Since September, I have written a couple of times about Kier Group (KIE), which is aiming “to sustainably deliver infrastructure [that is]... vital to the UK”. However, I haven’t bought the stock - a wise move, clearly, as the shares are down c. 30% over the last six months. So, what do I think now?
I suppose the criminal pump and dumper Ron Bauer might argue that it is he who has suffered reputational damage from dealing with Gavin Burnell of Globo (GBO) fraud infamy but a shocking new document has now come to light which begs massive questions for Burnell, Matt Lofgran of Nostra Terra (NTOG) and indeed of the FCA.
Asiamet Resources (ARS) is a great example of what happens to a share that the market has totally lost confidence in and how a major, company-making piece of news is likely to be needed in order to bring about any sort of change in sentiment.
Miner in Azerbaijan, Anglo Asian Mining (AAZ) states that it “is pleased to announce its final audited results for the year ended 31 December 2021”. However, the shares are down to 85p to buy in response.
A smattering of insignificant share purchases was announced today, together with news that big cheese, Peter Wall, has exercised options over 430,000 Ordinary Shares. The ensuing statement again shows what a dick he is, and why he is playing us all as fools.
Oh dear, oh dear; we really must be in a bear market. Last, July Petro Matad (MATD) raised $10 million, at 3.5p…
Some bien pensants like Neil Woodford and top share blogger, Paul Scott, insisted that Purplebricks (PURP) was a long-term disruptor in the Estate Agencies world. The reality? It was a piss-poor way to sell houses, and could only survive in a fizzingly hot housing market. Well, guess what?
I am sure there are some people who are still very hopeful about their Marks & Spencer (MKS) shares but I dumped mine so long ago that I guess even a pair of its expensive boxers would have worn out by now. Forget though the 60% fall in the company’s share price over the last five years or the 40% fall year-to-date, or even the decision of the CEO to exit stage left after six years in charge, is there any interest in the shares over the next year or not?
Nowadays Cranswick (CWK) is more than just “one of the UK’s leading producers of fresh pork”. I got all excited about sausages and more back in November last year, but I never got around to picking up any shares. Maybe that was wise or lucky given the 35 quid shares back then are now about 32 quid. What do I think after today’s full year numbers?
I’ve been taking a look through the annual report from Wyld, AIM-listed Tern’s second largest investment, for calendar 2021. Needless to say, there was no announcement form Tern over this…..
In today's podcast, I discuss Asimilar (ASLR); Dev Clever (DEV); Simec Atlantic (SAE); Powerhouse Energy (PHE); Amigo (AMGO); and Vast Resources (VAST). It goes without saying, but I say so anyway: if you are among the 95%, PLEASE COUGH UP NOW, HERE.
Yesterday, Amigo (AMGO) announced that the High Court had approved its revised business scheme. Since the FCA had withdrawn its opposition, that was no surprise at all. Seeing the shares fly to 9p was also no great shock, given the utterly insane ramping by Bulletin Board Morons. But the shares are now back at 7.5p, and are a fabulous short.
In a string of RNS statements, Vast Resources (VAST) insisted it wouldn't allow death spiral provider, Atlas, to convert a final $800,000 of loan notes into forward-sold shares. The Bulletin Board morons made the error of believing this, and insisted there was a bear squeeze. Guess what?at?
I am off on my annual search for the magic money tree, which, if found, (it definitely exists) will solve all the world’s problems. Just harvest the tree, and Government debt will disappear. Then harvest it again, and the government can give more money to help deal with inflation. It is so simple. I simply cannot see why Uncle Tom, and other wicked Tories, disagree.
Follow the money… This is all about how Alessandro Zamboni, the CEO of Supply ME Capital (SYME), has dumped all his shares in the fraud, while pretending he has not. But the net is closing in on the scam, as today’s announcement from Aquis listed Eight Capital Partners (ECP), run by ex Supply chairman Dominic White, makes clear.
If I were a shareholder in corporate advisor, Arden (ARDN), and had, in late April, swapped my stock for shares in legal and accounting firm, Ince Group (INCE), I would be calling my lawyer right now; Ince has only just released a profit warning for the year ended 31 March 2022.
Back in November last year I wondered if I was going to choose Royal Mail (RMG) as a new buy for 2022. But when it got the end of December the share price had risen from about 430p to approximately 520p and hence I was happy to keep on ignoring it. So why did Royal Mail shares react badly to its numbers last week, meaning their year-to-date fall is now nearly 40%? It is a good job then that I decided to ignore the share late last year…but is it a potential buy now?
Gold has had a pretty terrible few weeks: back in late February it spiked to $2050 and then hung around in the mid-$1900s until the end of April. Now it has been challenging $1800 from above and closed the week at $1847. Of course, in the context of being just $1200 for years ago the yellow metal has done well, but given all that money-printing and rampant inflation one might have expected more of late.
Seed Innovations (SEED) is pleased to note that the company in which it holds 7,324,796 shares, Little Green Pharma (ASX:LGP), has announced its “largest single-strain offtake quantity contract to date, with a minimum take or pay commitment of $7.5 million over 30 months." This follows the company in which it holds 4,427,609 shares, Yooma Wellness (CSE & AQSE - YOOM), announcing that its “fourth quarter saw revenue of US$5.3 million, exceeding previous forecasts”.
Hello Share Placers. Now that folks seem to take Covid in their stride, with few bothering to wear masks any more, you might think the best sectors in which to buy shares stay unchanged. But that’s not the case. Some companies face better prospects post pandemic and some risk a bleaker outlook.
Previously writing on supplier of specialist connectors to the automotive sector Strip Tinning Holdings (STG), earlier this week I noted the shares down to 115p from a 185p AIM IPO little over three months earlier after a trading warning, though the company stating “great care is being taken to ensure that overheads are reduced where appropriate in line with lower than budgeted sales… in addition, the company is currently putting through a number of price rises across its product range”. And now a director share purchase. Good news?...
With yet another hat tip to reader J, I bring you evidence that, on Wednesday, Eurasia Mining (EUA) deceived investors with regard to its new “Independent” non-executive director. Proper companies simply do not behave in this way.
The writing is on the wall for Cellular Goods (CBX), the CBD company floated by Jonathan Bixby, Mike Edwards, Andy Frangos, Peter Wall of Argo Blockchain (ARB) infamy, and serial liar, John Story.
Gold miner in Kazakhstan, AltynGold (ALTN) states that it “is pleased to announce its 1Q22 production update” and the shares have moved up to 130p, so what’s the latest?...
With a hat tip to reader J, here is another red flag. That is to say, Eurasia Mining (EUA) deceiving investors with the first RNS, after its utterly unexplained share suspension.
Fevertree (FEVR) has issued a trading update, which seems to read well, but the shares are down and will fall further. Let me explain.
Volatile times as also shown earlier this week in the United States, with the shares of two huge retailers, Walmart and Target, having their worst days since the stock market volatility of 1987. Interesting times out there. And it is a busy day in the UK market too, with three of my holdings giving an update…
Each January, AIM-listed Verditek (VDTK) - chaired by Tory toff, Lord David Willetts - would issue a trading statement, covering the calendar year. It was never anything to write home about, as, despite announcing huge orders ahead of a discounted placing, none would turn into actual er….orders. So, this was typically a January confessional. But in 2022, there was no trading statement.
On 16th February Strip Tinning Holdings (STG), describing itself as “a leading supplier of specialist connectors to the automotive sector”, was “pleased to announce the admission… to trading on AIM… £11.5 million of gross proceeds have been raised… at a price of 185 pence per ordinary share… £8.0 million for the company and £3.5 million for certain selling shareholders… The directors believe the placing and admission will enable the company to accelerate its growth plans and underpin its early mover advantage in the EV battery sector, further enhance its profile in the markets in which it operates and assist with attracting, retaining and incentivising high calibre employees”. So what of now a “trading update” little over three months later?...
As I observed back in January I am “not a global fashionista nor a chav...but still a Burberry (BRBY) shares fan”. With events since, unsurprisingly the share is down but I can live with that as - at various points over the last few years - I have bought the stock at an average price below the current sub 16 quid share price level. But what do today’s full year numbers to the start of April tell me about both recent and upcoming trading realities?
First, there was Atlas' pledge not to dump any more shares - which it immediately did. Then came the idea that it had cleared its death spiral debt, with the buried-deep-in-the-release admission that it had taken out another. Spoof two! Today, Vast Resources (VAST) becomes a hat-trick hero in the AIM sewer hall of infamy.
On Monday 16 May at 7.40 AM, shares in AIM listed Bulletin board darling Eurasia Mining (EUA) were temporarily suspended at just under 8p “pending an announcement.” At 6.18PM on Tuesday 17th (today) came that announcement. Eurasia “confirms it has no material new developments to notify” and so trading will resume on Wednesday 18th. So the shares were suspended for two days for an announcement that nothing had changed. That is insane. It gets more insane.
Lucian Miers’ (the bear raider) top three UK short positions are:
As a lifelong non-smoker it is a bit ridiculous how much of an investment fan I am of Imperial Brands (IMB) shares, which are up over 8% today after the company’s first half numbers. But if everything that was potentially bad for you was not allowed and taxed then investors in a bunch of other consumer, defence, industrial, commodity and other areas would not be allowed. Given the world’s stock markets do tend to have to figure out over time if a sector and/or company is justifiable or not, my view is that all adults - and pension funds - can figure out whether they want to invest somewhere or not.
Naughty, naughty Nomad Liam Murray of Cairn Financial for signing off on today’s release from AIM perma-dog Catenae (CTEA) for it is only a partial ‘fess up. With the shares already suspended for failing to gt accounts out for the yar to September 30 2021, things look truly grim.
Yesterday at 7.40 AM, an RNS appeared saying that trading in shares in Eurasia Mining (EUA) had been “temporarily suspended pending an announcement.” 24 hours later we still have no news. Good news travels fast, etc, etc. I considered possible reasons for the suspension HERE but, there is another possibility.
I may have, in the past, suggested that Mr David Lenigas was a shameless spiv who promoted worthless penny shares via either dramatic exaggeration or, as in the case of UK Oil & Gas (UKOG) even worse. I may have suggested that Big Dave talks out of his posterior and should be whipped out of town and sent back to his native Australia where the core DNA will make him feel right at home. If so, I apologise.
In today's podcast, I cover Eurasia Mining (EUA), Made.com (MADE), Vast Resources (VAST) and Petropavlovsk (POG). I have more shocking news on Kinovo (KINO), whose shares should be suspended, and discuss FinnCrap (FCAP). I promise never to mention the company again if its CEO, smug Sam Smith, donates £100,000 to rogue bloggers for Woodlarks. Of course, she won't. So I must ask the 95% of Bearcast listeners yet to chip in: please make your donation, HERE We are now at 20% of target - go on, make it 21% by tomorrow!
At 7.40 AM, an RNS appeared, announcing that trading in Eurasia Mining (EUA) shares had been “temporarily suspended pending an announcement.” It is now 1 PM, and there has been no announcement. So, what is going on? It could be good news for the shareholders, though I suspect it may not be. But who knows?
It is only ten and a half months since online furniture seller Made.com (MADE) listed on the Main Market, raising £100million by issuing new shares at 200p while existing shareholders lobbed out a cheeky £90 million of stock onto gullible institutions. Today, after a dismal profits warning, the shares are just 56p to sell. Meanwhile another rat has left the sinking ship as it burns through its ill gotten IPO gains ever more rapidly.
Vast Resources (VAST) is blessed with having the dumbest investors going. They fell for the last spoof RNS which, in a just world, would see the issuers banned from the markets, and bid the (worthless) shares up to 2.4p. Today there is a new monster spoof and the shares are 56% up to 1.3p offering the bears another chance for a slam dunk free short. The company says it has refinanced its Atlas death spiral leading the "marks" to assume that there is no more death spiral overhang. But buried at the bottom of the release is ????
Some good news and some less good news for easyJet (EZJ) today. Call me radical but I have booked an easyJet flight for later this year, which is a tiny bit of positive news for its finance team. The less good financial news is that the company is going to have to “offer new and existing cabin crew a £1,000 bonus at the end of the summer holiday season, as airlines battle to retain and recruit staff”. Frankly though, a bit like any company, if it doesn’t have happy and motivated staff it will ultimately struggle. I remain a fan despite a lower share price this morning. And what about Greggs (GRG), which published a trading update this morning? After all a couple of months ago I asked the question “At what share price will I want more than just a vegan sausage roll from Greggs?”...
Building services company TClarke (CTO) has issued an AGM trading update including that “trading in the early months of the 2022 ﬁnancial year has continued to be strong… the outlook for TClarke continues to be very positive”. Sounds good!
Kefi Gold & Copper (KEFI) has announced recent advancement toward multi-party financing, as well as further development of the Tulu Kapi gold project in Ethiopia.
I pointed out in bearcast yesterday the utterly whiffy state of affairs at HUI International (HUI),the bastard little sister of Powerhouse Energy (PHE) with regard to a 500,000 Euro investment in Irish company Trifol Resources Ltd. An advisor has now made a shocking admission to me…
In today's podcast, I discuss Elon Musk and Twitter; Vast Resources (VAST) & associated scumbags; Optibiotix (OPTI); Condor Gold (CNR) and why comrade Jim Mellon must pay up soon; and the complete and utter Irish jackanory spouted by Hydrogen Utopia (HUI) and Powerhouse Resources (PHE): those holding shares in either company are certifiable. We are now just £68 away from £10,000 in the Rogue Bloggers for Woodlarks (plus gift aid) fundraise. On Sunday, I really will do a 20-mile training walk. If you are amongst the 96% of listeners yet to donate, please do so today, HERE.
Back in January, I believed that my shares in Sage Group (SGE) - the “British multinational-enterprise software company, based in Newcastle upon Tyne” - had hit my 800 pence target, and thus that it was time to take my profits. A few days later, I did. But what do I think today, after a fall to around 670 pence?
I recently covered Serinus Energy (SENX) as a speculative buy based on the likelihood that the results for the first quarter would be good and the company would have benefitted from high commodity prices and fairly low Capex.
Ha, gotcha. What a spoof. On May 3rd, Death Spiral provider, Atlas, and Vast Resources (VAST) made an RNS statement, announcing that Atlas would not convert any more loan notes. The stock was a ten-bagger in days, going from 0.02375p to a peak of 0.24p. Well, guess what? I do hope the morons buying were well-lubed up!
Hello Share Wranglers. Like most infrastructure jumbos, Balfour Beatty (BBY) is making a strong recovery after the setbacks of Covid. So confident is the company that in the first quarter of 2022, it has re-bought nearly £20 million's worth of its own shares. And that's not all. It expects to have repurchased £150 million's of its stock by the year's end. The outfit happily boasts that it will continue to make higher profits for the rest of 2022.
Back in February I concluded about Hargreaves Lansdown (HL.) that it was an “absolutely fine company to use if you are an investor, but in my opinion you do not need to buy its shares…carry on avoiding…”. The share back then was about 1100p and today it is below 850p, i.e. levels last seen back in 2013. Spot the rationale for this with revenue falling in an investment market that is unsurprisingly more and more competitive. I will have another look after its full year results in early August, but would still avoid the shares at least until then. Meanwhile, how am I feeling about BT Group (BT.A) shares after the publishing of its full year numbers earlier today?…
As its old auditor walked, and the new one needed more time, today’s results for the 12 months to March are unaudited interims – the prelims will be for the 18 months to 30 September. But one cannot dodge the numbers: even Neill Ricketts is forced to ‘fess that Versarien (VRS) may soon run out of other folks’ cash. Anyone holding the shares is, thus, certifiably insane.
Lift Global Ventures (LFT) - a cash shell that buys assets in the financial media world - was listed at 3p on 29 April, after a fund raise which brought in £1.73 million. That, we are told, was “oversubscribed”, which is obviously a testimony to the brilliance of its CEO, the Sith Lord Zak Mir. Every bandit in town is on the shareholder list, as well as upstanding blue-chip investors like David Lenigas and ex ADVFN boss, Clem “a legend in his own expenses lunchtime” Chambers.
First thing this morning AIM-listed Trafalgar Property (TRAF) announced a board appointment, and the shares shot out of the traps like rocket on speed, trebling in the first two hours of trading. The excitement was to do with the arrival of Dr Paul Francis Challinor as an executive director. Dr Challinor specialises in indoor hydroponic vertical farming – so the tomatoes-in-test-tubes have returned!
It is now over a year since I wrote about ITV plc (ITV). I am trying to think if I have watched the channel since then but certainly, judging by the over 40% share price fall since, it was wise to observe last May that “if you don’t own it…you can chill…overall like the majority of TV in my opinion a bit of a yawn”. Have I changed my mind at any level today?
In just two weeks, the new death spiral provider, Venus, has dumped 3.32 billion shares on Bulletin Board Morons. If it is allowed to, it will likely dump another 15-20 billion. But the fraud, Supply@ME Capital (SYME), is insolvent even with the Venus cash, as I noted earlier. I have asked the FCA to step in and save private investors from being mugged.
I warned comrade Malcolm Stacey and you all that his March 7 enthusiasm for advertising group Mirriad (MIRI) was misplaced and dire results with a piss poor set of excuses vindicate this perma bear once again. Crack out the ouzo. At 21p, down 14% so far today, the market cap is £59 million making this still a stonking short.
On 27 April, the fraud Supply@ME Capital (SYME) announced that it had issued 2,770,000,000 shares to death spiral provider Venus and on 10 May it announced that it had issued a further 550,000,000 shares to Venus following which its issued share capital is now 40,789,339,950. If Venus was, as some, of the Bulletin Board Morons are suggesting building a stake then it would now have a stake of 8.1 %.
Previously recommended offeror for Tungsten Corp (TUNG), Kofax has announced it “is considering its options and urges Tungsten shareholders to take no action in response to the announcement by Pagero. A further announcement will be made in due course”. What of a Tungsten Corp share price currently up to 49.5p?...
In the old days of editing this website, flip flop Ben Turney would skewer penny share promoters for deceiving investors. These days, flip flop runs Sub Standard Listed Kavango Resources (KAV), which today raised £750,000 at 3p, Friday’s closing offer price. The RNS is bure bunkum, but there is worse.
After my weekend revelations, following on from Friday’s bombshell admission of rank dishonesty, I had expected Kinovo (KINO) shares to be suspended by now. For those weekend reports suggest that, very soon, the company will be reliant on its banks for its survival. I have written to the Oxymorons at AIM Regulation, about what is a major scandal of non-disclosure.
I commented on April 22nd that AIM-listed Pure Gold (PUR), also of the Toronto parish (PGM), in the wake of the admission that without bailout funding it would essentially be toast, that you should take advantage of the market’s stupidity (in marking the shares up to 15.75p) and sell, and that it would be lucky to raise money at more than 10p. And so this morning……
The comedy shit show from the liars and fraudsters at Chill Brands (CHLL) continues. Well, I guess that it is not so funny if you paid 110p last year to see new shares offered at 2p but then folks cannot say that they were not warned by my good self well over 200 times! In today’s instalment of beer and popcorn we discover…
You all know how to think about Rightmove (RMV). As noted here in February, the average person seems to love checking out what the latest property price in their village or town might be. Even I have checked it out once or twice year-to-date (obviously purely for educational reasons). But I am not surprised that Rightmove’s shares are down 30% year-to-date and neither am I surprised that the stock is down 4% today…
Love Hemp (LIFE), the pot play backed by boxer Anthony Joshua, and its executive chairman Andrew Male are liars, they are prepared to deceive investors in a material and repeated way. That is beyond doubt and nothing will ever change the character of Male and thus the company he runs. That is why Peterhouse resigned as its corporate advisor and the shares were suspended. Today, with NED Graham Mullis of Novacyt (NCYT) infamy leading the spinning we are served up gold standard bullshit. You could not make this up.
It isn’t really surprising that any companies operating in the region where the current conflict between Russia and Ukraine is going on have taken a big hit to their share price since it all kicked off, but that can also present opportunities as long as you are prepared to take on the risks associated with that.
A note out on 26th April 2022 from AIM-listed Origo Partners (OPP)updated its long suffering followers that its shares would be suspended from the month end, as its Nomad, Arden Partners, was being acquired and was giving up on the Nomad business. But since the asset disposal programme was almost finished, the company advised that it was not looking for a replacement. So as of 30 May 2022 Origo’s career of the AIM Casino will be history.
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom article is Always Prepare for a Good Story Going Wrong as Gear for Music Hits a Sour Note by Malcolm Stacey, leaping back in to the leaderboard after a long absence, at a fantastic Number 1 or Number 8 if you include Bearcasts.
Coral Products (CRU) has announced it has acquired Film & Foil Solutions Limited for £1.35 million and £0.75 million in shares at 15.5p each, with some further payments on settlements on a pound for pound basis, and stating that it “anticipates that the acquisition will be earnings enhancing in its first year”.
On Friday, I showed how Kinovo (KINO) had misled investors about the £5 million sale of its construction business, DCB, by hiding the fact that it could – and now is – on the hook for potentially unlimited liabilities. But, as a sharp reader explains, this scandal could be far worse. This is truly shocking, and heads at Nomad Canaccord, or Kinovo, must surely roll. must surely roll.
Over the last five years, £50 has been a regular share price for InterContinental Hotels Group plc (IHG). Given the current challenges, I am surprised that the owner of Crowne Plaza, Holiday Inn, and Regent Hotels & Resorts, has seen its shares recover to their pre-Covid peak. So, whilst they have “seen very positive trading conditions in the first quarter, with travel demand continuing to increase in almost all of our [their] key markets around the world”, they must also hope for “a return of business and group travel".
Surely, AIM Regulation must publicly censure Kinovo (KINO), and possibly its Nomad and broker, Canaccord Genuity. One - or both - of them has grotesquely misled investors to the tune of £8 million and rising, only fessing up to the scale of that deception today, which has sent the shares tumbling.
Packaging company DS Smith (SMDS) has announced year ending 30th April “trading in line with management expectations… enter the next financial year with confidence”, helping the shares up to 325.6p.
When I suggested Shield Therapeutics (STX) was a nailed-down short, on the basis that it would face a cash crisis by May, my analysis was met with derision by Bulletin Board Morons. “He does not understand biotech, he does not understand Shield, he’s a failed fund manager, he is ALWAYS wrong, he works in a pizza store, he’s fleeing the UK to Greece to avoid jail”, were some of the more polite comments. It is now May, and the shares are just 17p to sell. So, what next?
It is no surprise to see Mondi (MNDI) shares up over 6% today after its positive trading update out after the close yesterday. I am a bit of a fan of both Mondi and its rough peer DS Smith (SMDS) as mentioned about both of them back in March, but a FTSE 350 name I’ve not been a fan of is Trainline (TRN). So why has its full year numbers today pushed the shares up by nearly 5%?
Yesterday I flagged up that Arron Banks, the self styled Brexit bad boy – was tweeting about Iofina (IOF) where he had a disclosable stake. Bankski teased “ I’ve Got plans for Iofina.” The shares ticked higher. Today a TR1.
Having previously attempted regime change at Iofina (IOF), the self style Brexit bad boy Arron Banks cannot be considered a passive shareholder. And hence this tweet from him yesterday has seen Iofina shares nudge higher. Arron you are such a tease. But doesn't flagging up that you are up to something make you a bit of an AIM bad boy?
I’ve previously written here about the attempts by some to manipulate the share price of Oilex (OEX), and particularly with regards to an upcoming placing, but that will come to an end now that the company has released the actual details.
Whilst Aston Martin Lagonda (AML) shareholders may be pleased that their shares are up over 6% today, it still remains a comedy investment. I am sure the cars are very nice but despite all the chat about 2022 guidance maintained and a “successfully launched DBX707 ahead of Q2 deliveries”, the reality is still centred on losses and higher net debt levels. It remains a car company controlled largely by the rich for the rich. Despite the wealth of its Chairman and the 92% share price fall since its most recent IPO in 2018, it remains an avoid for me (at many levels). So if fast and flashy cars are not really my thing, what about the “premium lifestyle brand and group with an authentic heritage and values of family, fun and joy in the countryside” offering of Joules Group (JOUL)?.
AEX Gold (AEXG) has announced 2021 calendar year results and that it “is very well placed for the year ahead and investors will have a lot of news to digest”.
Of course CEO Peter Wall (who dumped shares at 243p a year ago AFTER starting sounding out folks about a 200p per share placing) insists that this debt is not dilutive. Really?
First thing yesterday morning shares in Love Hemp (LIFE) the pot play backed by boxer Anthony Joshua saw its shares suspended. At 4.35 PM it fessed to the grisly truth: it had lied about a fund raise announced on 8 February. But then it carried on lying. No wonder, adviser Peterhouse has resigned.
Hello Share Catchers. Like me, you’re probably fed up with the amount of over-packaging that still goes on. Look at those silly Easter eggs we’ve recently scoffed. But we still need some packaging. And D S Smith (SMDS) is a company that’s big in cardboard boxes, cartons and paper, both of which are recycled. Furthermore, it’s on a mission to reduce plastic packaging and carbon footprints. This Footsie member has so far replaced over 170 million items of single-use plastic from its customers’ supply chains with recyclable alternatives.
I just cannot understand how anyone still owns shares in retailer McColls (MCLS) as it is, as I have been warning since November, doomed. The shares are down by 94%, since that prescient warning, at just 0.848p. Now, with more bad news today, the shares have only 0.848p to go to reach target.
Serinus Energy (SENX) shares have performed pretty badly, considering that oil and gas is currently in a bull market, but I believe that the next set of operational and financial results could be a turning point for investors.
Shares in equipment rental company Vp plc (VP.) closed at 820p before the latest news. However, they are now up to 940p on news that it is now considered “appropriate to investigate the sale of the company and is therefore launching a formal sale process”. So what now?
Hello Share Mates. It's natural, isn't it? We're warned about most of the dodgy companies on this blistering website. And we begin to think many more listed companies are suspect. They have incompetent mangers or worse still, there is some chicanery going on.
Three weeks ago, I told you why it was wise to buy shares in Johnson Matthey (JMAT); so, it was pleasing to see a near 20% rise in its shares on Friday, after Standard Industries took a 5% stake. A potential bidder, or just a smart investor? Could be either. What I do know is that, in my opinion, the share is still cheap, and it makes more sense for it to be in the 2500-3000p range than a 22 quid-plus share price. So, this one remains a BUY for me. But whilst this one is an easy hold, what about HSBC (HSBA)...?
I ask this in relation to sub-standard-listed BSF Enterprise (BSFA), whose last accounts – full-year to September 2021 – showed £359,868 of cash and cash equivalents, and net assets of £364,816 having reported a loss of £58,325 on no income, which would have been a loss of £110,669 but for a VAT reclaim. Perhaps, given it had no business at the time, it was worth £364,816. Or perhaps we should allow for more losses going forward and mark it at around £300,000.
Before the RNS announcement on 27 April, Supply@ME Capital (SYME) already had 37.4 billion shares in issue. This note sets outs out just how many shares could be issuable under this new death spiral arrangement assuming that the optional tranches get issued at the 0.05 pence per shares (whereas under the VWAP formulae the issue price could be even lower and thus even more dilutive.
We have reached the end of month 4 – how are my five slam-dunk sells of AIM-listed Barkby Group (BARK), Tern plc (TERN), Trafalgar Property (TRAF), URU Metals (URU and Standard-listed AIQ (AIQ) doing?
Earlier this week, I complained to the FRC about the grotesquely misleading interims, published by the fraud, Chill Brands (CHLL), on 28 January. Given the company has now undertaken a bailout fundraise, the FCA will have to act. Moreover…
The question being asked on the LSE Asylum, as well as Twitter, was: who was the big buyer of Supply@ME Capital’s (SYME) worthless shares, at the close of business on Friday? On 22 April, at around 16.50 pm, there were, according to LSE Asylum’s share trade indicator, three 90 million buys, at £71,410 each, and a monster 285 million buys for £228,000, at 16.35 million. In total, these buys amount to over £440,000.
AIM-listed Greek Holiday resort developer Minoan (MIN) released its full-year results to October 2021 last week. It has been a terrible tip as delays and more delays beset a proposed holiday resort at Cavo Sidero in Crete; has there finally been some concrete progress in monetising the asset?
I write this as someone who operates a small venture with ADVFN (AFN), and, at this point, nobody has bothered to tell me where I stand; so, what follows is informed speculation - I am in the dark as much as you. Yesterday afternoon, the GM results came in.
Carclo (CAR) “is pleased to report that the business expects to report a strong performance for the year” and that “demand in the group's key markets remains strong coming into the new financial year”. So what of a current share price of 24.5p, down nearly 10%?!...
AIM-listed (pro tem) Catenae Innovation (CTEA) updated the market this morning over its suspension from trading due to the non-appearance of its FY account to September 2021. One month down, five to go.
Another busy Friday on the markets. It is all good fun especially with regard to my holdings in Reckitt (RKT) and SIG (SHI) shares both of which produced positive updates. So a quick appraisal of the good news first…and then I will move onto the continued comedy at AO World (AO.).
Dragon’s Den star, Sarah Willingham, cannot contain her excitement as she gushes about “further positive trading” in a Q3 statement, out today. She is, however, a bit shy on the record cashburn and looming cash crisis at Nightcap (NGHT), which means another bailout placing is imminent.
This morning, I had a long chat with an industry insider, concerning the latest death spiral from the fraud, Supply@ME Capital (SYME); what I relay to you is truly shocking. Anyone holding these shares is bonkers.
I have not written on Octagonal (OCT) for some time, as, on 21 January 2021, it delisted from AIM, following the self-imposed suspension of shares on 24 December 2020. In an RNS of the same day, Octagonal’s statement explained that the suspension was requested due to a complaint from the SEC:
Death spiral provider, Atlas, is selling shares as fast as it can, in the hope of reducing its $5.05 million exposure to AIM Listed Vast Resources (VAST). It knows Vast is teetering on the brink, but a source close to the company explains why it is already trading whilst insolvent. He says:
Another busy Thursday during the global corporate earnings season. Three names are of particular interest to me today…
Excuse me if I crow, but all the threats, harassment and smears I have received from those paid to attack me, as well as from dumb investors, enraged that I had dared to expose this crock since 3 February 2021, must now be viewed in light of a bailout placing, announced yesterday, at just 2p.
I will have a listen later to the quarterly call from GlaxoSmithKline (GSK) following its first quarter numbers today. The numbers were fine and specifically mentioned the good performance of its pharmaceutical business ahead of the proposed demerger in July. I wrote about all this a couple of months ago and my advice remains to stay a holder here and make a call whether to retain one or both on the demerger in a few months time. If only all investments were as straightforward as the last 15 months in GlaxoSmithKline. And talking about more complex investments brings us to WH Smith (SMWH)...
You read about a new “Capital Enhancement Plan”, and it sounds like good news. But no. This is Orwell speak, and it is, in fact, a series of disastrous announcements from the fraud, Supply@ME Capital (SYME). Even Helen Keller and Ray Charles can see the writing on this wall - although, natch, some posters on the LSE Asylum still know better.