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It’s time to book your seats at Sharestock 2024 on September 7, now 50% sold out
As of today half the seats for the third Sharestock event on 7 September are now booked. If you have been before you know why but this year’s event will be bigger and better than any yet. Here is why you should make sure you have a seat HERE today.- By Tom Winnifrith |
- 9 hours ago |
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Fitch downgrades Petrofac to 'CC'; Removes RWN: this is damning
The credit rating agency Fitch has downgraded its stance on Petrofac's debt to CC. If that is how the debt is viewed that tells you that the equity is worth little or nothing ( as some of us have warned for a long while!). The report is damning and reads:- By Tom Winnifrith |
- 9 hours ago |
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Hollywood Bowl – argues ‘strong growth’, but how “strong” really?…
Previously writing on group now describing itself as “operator of the UK's and Canada's largest ten-pin bowling brands” Hollywood Bowl (BOWL), towards the end of 2022 I concluded that the shares potentially offered good value at 237p. They most recently closed at 335.5p and what of them currently sliding towards 330p on the back of a “Half Year Trading Update”?
- By Steve Moore |
- 9 hours ago |
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Sosandar – Full Year Trading Update Misses Targets
AIM-listed online ladieswear purveyor, Sosandar (SOS), released a full year trading update the morning, boasting a “strong H2 with FY24 revenue growth of 9%”. But the shares are off, last seen by 11%.What’s going on here?- By Nigel Somerville |
- 10 hours ago |
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Tom Winnifrith Bearcast: The shocking sense of of entitlement of this prat from Wales
I start on bank branch closures and the self entitlement of a prat from Wales, in fact many prats from Wales. Then it is onto unemployment and economic inactivity, something Wales is jolly good at. Then Chill Brands (CHLL) and the curse of Swanny, BSF Enterprises (BSFA), Superdry (SDRY), Petrofac (PFC) and Sosandar (SOS)- By Tom Winnifrith |
- 11 hours ago |
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Marks Electrical – “a fast-growing online electrical retailer”… growing much more slowly now?…
Describing itself as “a fast-growing online electrical retailer”, Marks Electrical Group (MRK) has issued a trading update including emphasising “proud of the revenue growth we have achieved of 16.9%, in a flat Major Domestic Appliances and a declining Consumer Electronics market”. Why then a currently down to below 70p share price?- By Steve Moore |
- 11 hours ago |
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Superdry – more ouzo for the bears but time to close your short ahead of Julian Dunkerton "rescue" and delisting
For those dumb enough to own the stock the outcome is the least bad option. That would have been Superdry (SDRY) going into administration and the muppets losing everything as a result of ignoring numerous warnings on this website because, as ever, they knew better. But a refinancing at either 5p or 1p and then a delisting is not exactly good news either. It is the least worst option.- By Tom Winnifrith |
- 12 hours ago |
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A confused shareholder in SEED Innovations writes…
You may remember that I thought that it was a cunning plan to gain a small exposure to the cannabis bubble I should buy some shares in SEED Innovations (SEED). Thanks to a massive share price collapse my exposure is now even smaller, in fact it is almost irrelevant. I hung on because the shares trade at a steep discount to NAV and arguably to cash. But I am, today, confused.- By Tom Winnifrith |
- 12 hours ago |
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Dr. Martens – trading warning & CEO Kenny Wilson has so much outlook “confidence”… that he’s decided to leave!
Previously on footwear brand company Dr. Martens (DOCS), in January I wrote Q3 ‘in line with full year guidance’, but that’s not really an achievement, concluding with the shares around 81p that the trading trajectory and financials suggested still an IPO Roll-Call of Shame avoid/sell. The shares most recently closed at 94.95p, but what of them currently down to below 70p following announcements from the company today?
- By Steve Moore |
- 13 hours ago |
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UK Oil & Gas – Think the unthinkable, might its bailout placing fail?
On April 2 shares in UK Oil & Gas (UKOG) had plunged to 0.065p after the publication of annual results and an explicit warning from the auditors. Today the shares are just 0.0375p and falling rapidly.- By Tom Winnifrith, the Sheriff of AIM |
- 15 hours ago |
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Buy to the sound of gunfire and sell to the sound of trumpets (I've gone long bitcoin)
I am not a great one for conspiracy theories but there does seem to have been something a little choreographed about Iran's strike on Israel over the weekend.- By Lucian Miers |
- 15 hours ago |
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Tom Winnifrith Bonus Bearcast: Ben's Creek Post Mortem, name the names of shame, learn the lessons
Perhaps it is a bit premature but, after last night, not that premature. I name those who should be shamed, list the red flags, go through the history back to 1904 but with a lot from 2021 and suggest lessons for all from the demise of Ben's Creek (BEN).- By Tom Winnifrith |
- 16 hours ago |
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BREAKING: Ben’s Creek US operations file for Chapter 11, shares a zero!
Obviously Ben’s Creek PLC (BEN) and its disgraced advisors Allenby do not give a flying feck about timely disclosure rules but for what it is worth the company’s US Operations have today filed for Chapter 11 Protection in the U.S. Bankruptcy Court, Southern District of West Virginia (Charleston).- By Tom Winnifrith |
- 1 day ago |
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PageGroup – argues “resilient performance”, but are the declines really “resilient”?…
In January I cautioned on FTSE 250 specialist professional recruitment business PageGroup (PAGE) with the shares down towards 446p, concluding a weakening client and candidate confidence avoid/sell. The shares most recently closed at 484.2p, but what of them currently heading towards 440p on the back of a latest trading update?
- By Steve Moore |
- 1 day ago |
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Tom Winnifrith Bearcast: The next shoe to drop is Petrofac
I have offered you Horizonte (HZM and Ben's Creek (BEN) as free money on the short tack. as you now count your winnings there my next offering is Petrofac (PFC). I look at 88 Energy (88E) and Audioboom (BOOM). There is a new CEO speaker at Sharestock, start guessing, I'm very excited. Anyhow, with the event half booked out reserve your seat HERE.- By Tom Winnifrith |
- 1 day ago |
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Technology Minerals: shares fall another 10%, two explanations offered
Shares in Technology Minerals (TM1) have fallen by another 10% today to just 0.675p begging the question of what could be, very seriously, wrong. The first theory is a delay in the RTO of Chris Cleverly founded Recyclus.- By Tom Winnifrith |
- 1 day ago |
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Podcast: Cathal Friel and Aiden Lavelle of European Green Transition interviewed
European Green Transition (EGT) recently listed on AIM at 10p.The shares are now 12.5p. I interviewed the chairman and CEO as you can see below. Both will also be quizzed by me at Sharestock on September 7 as one of the 3 or 4 CEO slots. Enjoy.- By Tom Winnifrith |
- 1 day ago |
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Engage XR – “pleased to announce” 2023 results. Should it be?…
Describing itself as “a leading spatial computing and metaverse technology company”, Engage XR (EXR) today states that it “is pleased to announce its audited results for the 12 months ended 31 December 2023”. Why then are the shares at 2p, having reached comfortably above 3p in February?- By Steve Moore |
- 1 day ago |
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Wildcat Petroleum…oops a daisy, when will the FCA end this farce?
The first RNS on the Standard List was a slam dunk lie, ludicrous chairman Mandhir Singh tells all sorts of tall stories in telegram groups and in non-GDPR compliant spamming and its official spokesperson is a cartoon cat. It has almost no money. What is the point of Wildcat Petroleum (WCAT). When will the FCA just end this farce? Why not now as there appears to be a problem in Sudan.- By Tom Winnifrith |
- 1 day ago |
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East Imperial – hopefully my refinancing warnings were heeded as now... “the company has ceased trading”!
Most recently writing on East Imperial (EISB), in February I concluded ‘the market cap now falling towards £3 million and it admitting establishing a US base and distributors has taken longer than expected and sales in China growing slower than expected – not, therefore, I suggest a compelling refinancing proposition, especially in the present highly challenging financing environment. As such, I reiterate to currently be particularly wary of the attempted ramptastic here and reiterate the stance of avoid/sell’. Today a “Suspension of Share Trading” announcement…
- By Steve Moore |
- 2 days ago |