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Why bans on short selling are misguided & counterproductive - the academic case ref Wirecard
By Tom Winnifrith | Thursday 21 March 2019
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Wirecard is a German company which looks like a Norfolk and walks like one and where the FT - to its credit - has done sterling work making that clear. The German regulator has responded by banning shorting of this stock. A letter from Safkhet capital to the foolish Krauts explains why this is folly. This is a very clear explanation of why it NEVER makes sense to ban shorting.
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I stormed out of Midnight Mass in Gresford, may God forgive me, Tom Winnifrith
25 December 2024, 00:48Windward (#WNWD) – recommended 215p per share offer
24 December 2024, 07:59Rockpool Acquisitions (#ROC) – red flags on Christmas Eve; loss-making and cash-burning interims
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24 December 2024, 07:49Complete Coverage
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- 16 December 2024, 07:36
Titon (#TON) – completes South Korea business sale, reports “slower moving inventory” value impairment
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Sunday »
Cohort – interims emphasise continuing positive outlook, BUT…
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- 15 December 2024, 19:03
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Tom Winnifrith Bearcast: on a 20 year view are the housebuilders toast? It all depends on immigration
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Saturday »
Tom Winnifrith bearcast: Ariana screwed by the Croc, why does Africa always feck it up?
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- 14 December 2024, 16:36
Friday »
Aurrigo International – “pleased to confirm” retail offer result, fooling itself or trying to fool everyone else?
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Chapel Down – “delighted to announce” appointment of new CEO, BUT…
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Tom Winnifrith Bearcast: no need to own retail or oil shares at all
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Portmeirion – I having warned on second-half expectations, now updates performance is “below market expectations”…
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- 13 December 2024, 14:00
Video: Real Assets are Returning to the Playbook of the 1970s, a gold bull market
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Amaroq Minerals – now also identifies high-grade gold at Eagle’s Nest target, BUY at 97p, target increased to 150p plus
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Oracle Power: not a placing but worse, this stinks and when is the TR1 Peel Hunt?
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Kosmos Energy (#KOS) – confirms “very preliminary discussions” re. possible all-share offer for Tullow Oil (#TLW)
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boohoo (#BOO) – response to letter from Frasers Group (#FRAS) re. proxy advisers voting recommendations
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Chapel Down (#CDGP) – appointment of James Pennefather as CEO and resignations of CFO Rob Smith and NED Stewart Gilliland, current trading “strong”
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Impax Asset Management (#IPX) – notice of termination of mandate on c.£5.2bn AUM at end-Nov Sustainable & Responsible Equity Fund
- By Steven Moore
- 13 December 2024, 07:36
W.H. Ireland (#WHI) – H1 another loss, emphasises cost reductions as now looks to return Wealth Management business to break-even
- By Steven Moore
- 13 December 2024, 07:31
Thursday »
Tom Winnifrith Bearcast: Tom Winnifrith you are a prick tweeted the impoverished peasant
- By Tom Winnifrith
- 12 December 2024, 16:28
Tan Delta Systems – trading warning, and not its first despite only listing on AIM in August last year!
- By Steven Moore
- 12 December 2024, 16:27
Photo Article: a reader sends a Christmas present to the Welsh Hovel, I am going to be a Skins double Millionaire. Whatever..
- By ShareProphets
- 12 December 2024, 14:35
Aurrigo International – discounted fundraise “to increase production capacity and create the potential to bring forward commercial sale timelines”. Er, really?…
- By Steven Moore
- 12 December 2024, 13:39
Avacta: more lack of meaningful progress news, slowly the warnings dawn on the gerbils
- By Tom Winnifrith
- 12 December 2024, 13:30
SThree – ‘Trading Update’, “have been able to withstand the external pressures until now”. Uh oh!…
- By Steven Moore
- 12 December 2024, 11:29
EXPOSE: Technology Minerals, which RNS was a GREAT BIG FAT STEAMING LIE?
- By Tom Winnifrith
- 12 December 2024, 11:06
Versarien - cash runway longer than I previously as annual report WRONG
- By Tom Winnifrith
- 12 December 2024, 10:24
Detailed Report on Energy Pathways – What is my take on the technical side? (hint – its not looking good)
- By Tom Winnifrith
- 12 December 2024, 08:39
Photo Article from the Welsh Hovel: I relent and the Christmas Tree goes up and is decorated in a multi-cultural way, Tom Winnifrith
- By Tom Winnifrith
- 12 December 2024, 08:00
Aurrigo International (#AURR) – £5.25m placing at 44p per share
- By Steven Moore
- 12 December 2024, 07:59
Parkmead Group (#PMG) – following agreement to sell Parkmead (E&P) to focus “on growing its Netherlands gas assets and its projects in renewable energies”
- By Steven Moore
- 12 December 2024, 07:59
Serica Energy (#SQZ) – agreement to acquire Parkmead (E&P) for initial £5m, a deferred £9m and development-contingent payments
- By Steven Moore
- 12 December 2024, 07:59
#RWS – FY adj. EPS -7% to 21.6p, DPS +2% to 12.45p, current year “growth in volumes expected to more than offset ongoing price pressure”
- By Steven Moore
- 12 December 2024, 07:51
Dewhurst (#DWHT) – FY EPS up to 66.58p, DPS to 16.50p, current year “sales have started the year slightly up on last year and in line with our expectations”
- By Steven Moore
- 12 December 2024, 07:49
Currys (#CURY) – H1 swing to adj. profit, FY guidance for growth in profits and free cash flow unchanged
- By Steven Moore
- 12 December 2024, 07:43
SThree (#STEM) – FY net fees -9% with “ongoing challenging market conditions”, “intention to launch a share buyback programme of up to £20m”
- By Steven Moore
- 12 December 2024, 07:39
Van Elle (#VANL) – H1 update, argues continues to expect FY in line with market consensus but “second half weighted”
- By Steven Moore
- 12 December 2024, 07:34
Carr's (#CARR) – FY adj. EPS 2.6p, DPS maintained, emphasises “refreshed Agriculture strategy”
- By Steven Moore
- 12 December 2024, 07:29
#NWF – H1 operating growth “in line with board expectations”, FY expectations unchanged
- By Steven Moore
- 12 December 2024, 07:28
Wednesday »
Yellow Cake – interims, a growth potential and value Buy
- By Steven Moore
- 11 December 2024, 16:36
RM plc – argues “ahead of market expectations”, but how much of an achievement here is that?
- By Steven Moore
- 11 December 2024, 16:04
Tom Winnifrith Bearcast: Is Euroloon Jonathan Price trying to kill me?? Evil Banksta even more conceited than usual today
- By Tom Winnifrith
- 11 December 2024, 14:52
Strip Tinning – argues “delighted to announce” contracted nominations increase, but how ‘delightful’ really?…
- By Steven Moore
- 11 December 2024, 13:45
Oracle Power: for all of the Lenigas ramping look where we are now!
- By Tom Winnifrith
- 11 December 2024, 12:28
Aferian – “Trading Update”, now why may it be “immediate effect” new broker appointment?
- By Steven Moore
- 11 December 2024, 11:32
BREAKING: Technology Minerals – the FRC investigation, for useless old TW yet another GOTCHA!
- By Tom Winnifrith
- 11 December 2024, 11:09
Video: Gold – The Monetary Hitching Post of the Universe, buy platinum and palladium too!
- By Tom Winnifrith
- 11 December 2024, 09:28
BREAKING: Amazing Morepen video, the truth about Skins share sales, FYB with Optibiotix
- By Tom Winnifrith
- 11 December 2024, 08:04
Gulf Keystone Petroleum (#GKP) – 'Operational & Corporate Update', “continues to engage with government stakeholders” re. a restart of crude exports
- By Steven Moore
- 11 December 2024, 07:59
Aferian (#AFRN) – argues “progress” including $2.4m net debt reduction but it still $12.5m, appointment of Zeus Capital as Nomad and broker
- By Steven Moore
- 11 December 2024, 07:57
ProCook (#PROC) – H1 increased loss, argues “outperforming a subdued market”
- By Steven Moore
- 11 December 2024, 07:54
Audioboom (#BOOM) – “ahead of current market expectations”, but again emphasising “adjusted EBITDA”
- By Steven Moore
- 11 December 2024, 07:52
RM (#RM.) – expects FY adj. Op profit of £8.4m-£8.8m, “5% to 10% ahead of market expectations”
- By Steven Moore
- 11 December 2024, 07:49
Optima Health (#OPT) – H1 adjusted earnings fall, argues “a strong pipeline”
- By Steven Moore
- 11 December 2024, 07:45
Billington (#BILN) – expects 2024 “ahead of current market expectations” after “continued strong delivery in the second half”
- By Steven Moore
- 11 December 2024, 07:38
Cohort (#CHRT) – H1 adj. EPS up to 20p, DPS to 5.25p, “continued strong order intake has driven a record closing order book”
- By Steven Moore
- 11 December 2024, 07:35
Volution (#FAN) – four months revenue slightly up, “adjusted operating margin has again improved”
- By Steven Moore
- 11 December 2024, 07:31
British American Tobacco (#BATS) – H2 acceleration in line with expectations, “on track” to deliver FY guidance
- By Steven Moore
- 11 December 2024, 07:27
Tuesday »
DG Innovate – “pleased to announce” placing, but how ‘pleasing’ is it really?…
- By Steven Moore
- 10 December 2024, 16:07
Tom Winnifrith Bearcast: is that a margin call I see Ms Binkowska?
- By Tom Winnifrith
- 10 December 2024, 16:04
Tortilla Mexican Grill – emphasises “gained further momentum in the UK”, BUT…
- By Steven Moore
- 10 December 2024, 14:50
Greatland Gold – acquisition and first gold pour completion, Buy
- By Steven Moore
- 10 December 2024, 12:34
Four Critical signs that Oracle Power is lining up a deeply discounted bucket shop placing
- By Tom Winnifrith
- 10 December 2024, 12:19
An economics lesson for a restaurant in Warwickshire: price setting and price taking
- By Tom Winnifrith
- 10 December 2024, 11:41
Dianomi – after in May arguing “well placed to drive scale and profitability”, what about its near year-end “Trading Statement”?…
- By Steven Moore
- 10 December 2024, 11:39
VINDICATION (sort of): The FRC slams Crowe and its CEO over the Akazoo fraud but it lets Deloitte off the hook: this is a fail for the watchdog
- By Tom Winnifrith
- 10 December 2024, 11:05
Evil Banksta on a very odd loan drawdown by EnergyPathways : just adds to the stink
- By Tom Winnifrith
- 10 December 2024, 10:19
Aptamer – share options and directors shares purchases announcements, attempted ramptastic?…
- By Steven Moore
- 10 December 2024, 08:00
Ashtead (#AHT) – H1 adj. EPS -5% to $2.136, DPS $0.36, “proposed move to a US primary listing”
- By Steven Moore
- 10 December 2024, 07:59
Tortilla Mexican Grill (#MEX) – emphasises gained momentum in UK, but overall FY trading “in line with management expectations”
- By Steven Moore
- 10 December 2024, 07:55
Naked Wines (#WINE) – H1 loss, argues “currently experiencing solid trading during the peak season period”
- By Steven Moore
- 10 December 2024, 07:55
Moonpig (#MOON) – H1 adj. EPS up to 6.1p, DPS 1p, trading “in line with our expectations”
- By Steven Moore
- 10 December 2024, 07:50
Solid State (#SOLI) – H1 adj. EPS down to 17.5p, DPS to 0.83p, emphasises “improvement in order books since the period end”
- By Steven Moore
- 10 December 2024, 07:46
Porvair (#PRV) – expects FY adj. EPS “marginally ahead of market expectations”
- By Steven Moore
- 10 December 2024, 07:42
Centrica (#CNA) – expects FY “broadly in line with analyst consensus”, extends share buyback programme by £300m
- By Steven Moore
- 10 December 2024, 07:39
Begbies Traynor (#BEG) – H1 adj. EPS up to 5.1p, DPS to 1.4p, states “supportive market conditions and good activity levels”
- By Steven Moore
- 10 December 2024, 07:35
FirstGroup (#FGP) – agreement to acquire London bus operator RATP London for £90m Enterprise Value
- By Steven Moore
- 10 December 2024, 07:32
Games Workshop (#GAW) – agreement with Amazon for films and tv series and associated merchandising, though films and tv “production processes… may take a number of years”
- By Steven Moore
- 10 December 2024, 07:27
Monday »
Tom Winnifrith Bearcast: I wish I knew what Luke Johnson was selling today, here are my two sell tips for Tim
- By Tom Winnifrith
- 9 December 2024, 14:53
Tribe Technology – “RC Drilling System Update” attempted ramptastic ahead of bailout fundraising attempt ahoy?
- By Steven Moore
- 9 December 2024, 14:30
Video: The Debt Doom Loop and the New Era of $4K Gold, $100 Silver, & 200K Bitcoin
- By Tom Winnifrith
- 9 December 2024, 13:49
Has nobody explained to Versarien owning gerbils what an RNS reach is? Nonsense deal announced
- By Tom Winnifrith
- 9 December 2024, 13:40
Wishbone Gold places again – what on earth is the point? Do the maths...
- By Tom Winnifrith
- 9 December 2024, 13:02
Chill Brands statement: does it have no idea at all about its cash position?
- By Tom Winnifrith
- 9 December 2024, 11:26
Inspecs – after as recently as September “confident in meeting market expectations”, now “improvement in Q4 sales not having been as strong as anticipated”. Uh oh!…
- By Steven Moore
- 9 December 2024, 10:57
Tom Winnifrith Bonus Bearcast: Hydrogen Utopia demolished and exposed via publicly available documents, where has the five hundred grand gone?
- By Tom Winnifrith
- 9 December 2024, 10:19
Chill Brands (#CHLL) – “Company Update”, with FCA “has lodged a request for the continuation of the suspension of its shares”
- By Steven Moore
- 9 December 2024, 08:00
Versarien (#VRS) – “Distribution Agreement for Graphene Biosensors”, RNS Reach attempted ramptastic
- By Steven Moore
- 9 December 2024, 07:57
Tribe Technology (#TRYB) – “has carried out several product demonstrations & presentations of the Sample System”, attempted ramptastic
- By Steven Moore
- 9 December 2024, 07:57
ValiRx (#VAL) – conditional £1.3m placing and a up to £0.25m “broker offer” at 0.65p per share with warrants
- By Steven Moore
- 9 December 2024, 07:56
Warpaint London (#W7L) – £1m ‘retail offer’ at 510p per share “very significantly oversubscribed”
- By Steven Moore
- 9 December 2024, 07:52
Angling Direct (#ANG) – “intends to increase capital investment” and to also commence “up to £4.0m” share buyback programme
- By Steven Moore
- 9 December 2024, 07:46
Tavistock Investments (#TAVI) – H1 swing to loss, notes restructured and increased DPS to 0.09p
- By Steven Moore
- 9 December 2024, 07:42
Synectics (#SNX) – “momentum in the second half of the year across all of its market verticals”, now expects FY “materially ahead of market expectations”
- By Steven Moore
- 9 December 2024, 07:38
Brave Bison (#BBSN) – trading “in-line with expectations”, agreement to acquire Engage Digital Partners
- By Steven Moore
- 9 December 2024, 07:37
Inspecs (#SPEC) – slower European markets recovery and some larger customers orders deferral trading warning
- By Steven Moore
- 9 December 2024, 07:31
Sunday »
Tom Winnifrith Bearcast: Be careful what you wish for
- By Tom Winnifrith
- 8 December 2024, 19:05
Golden Prospect – Subscription Rights Failure, Or A Golden Opportunity?
- By Nigel Somerville
- 8 December 2024, 14:16
AIM Sewer Market Statistics for November 2024 - Yet another disaster and there are even more departures in the pipeline
- By Tom Winnifrith
- 8 December 2024, 11:37
Eco Buildings Group proves modular housing business plan is working: STRONG BUY
- By Tom Winnifrith
- 8 December 2024, 11:13
Visual Aid: Share of Illegal Immigrants Across 9 Developed Countries
- By ShareProphets
- 8 December 2024, 10:46
The View From The Montana Log-Cabin As Gold Suffers Stock And Bitcoin Gains
- By Nigel Somerville
- 8 December 2024, 10:45
Sunday Long Reads: World’s Greatest Coffee, Great Abandonment, End of the World, Six Hours of Martial Law, Denying Insurance with AI
- By ShareProphets
- 8 December 2024, 10:44
Notes from Underground – Most read articles for the week ending Dec 7
- By ShareProphets
- 8 December 2024, 10:40
Photo Article: Storm Darragh claims a victim at the Welsh Hovel but every cloud has a silver lining, Tom Winnifrith
- By Tom Winnifrith
- 8 December 2024, 00:20
Photo Article from the Welsh Hovel: Gloriously happy fat cats, Tom Winnifrith
- By Tom Winnifrith
- 8 December 2024, 00:04
Amid storm Darragh, amazing levels of organisation for Christmas, Tom Winnifrith
- By Tom Winnifrith
- 7 December 2024, 00:10
National World – “minded to recommend” improved proposal price, but will an offer now be made on those terms?
- By Steven Moore
- 6 December 2024, 16:35
Quiz plc – after poor performance and tight cash position results, what now from a “Trading and Cash Position Update”?…
- By Steven Moore
- 6 December 2024, 14:25
BREAKING: Jonathan “son of Spotty “ Rowland and Peterhouse when were you going to tell us about the strike off action?
- By Tom Winnifrith
- 6 December 2024, 13:39
Brand Architekts – recommended offer means c45% (and possibly much more) gains, bank the profits?
- By Tom Winnifrith
- 6 December 2024, 13:02
SkinBioTherapeutics – why it should revise its segmental analysis
- By Tom Winnifrith
- 6 December 2024, 11:54
EXPOSE of Eight Capital – repayment of 1AF2 Limited debt, kicking the can down the road amid smoke and mirrors and lying by Supply's Alessandro Zamboni
- By Tom Winnifrith
- 6 December 2024, 10:53
SkinBioTherapeutics – full-year results, products potential despite the detraction of its CEO means still a Buy
- By Tom Winnifrith
- 6 December 2024, 09:30
It’s the fees that count for law firms, morality takes the back seat
- By Tom Winnifrith
- 6 December 2024, 09:14
Direct Line Insurance (#DLG) – “preliminary agreement” of 275p per share cash and shares offer from Aviva (#AV.)
- By Steven Moore
- 6 December 2024, 07:59
National World (#NWOR) – “would be minded to recommend” a 23p per share possible offer proposal
- By Steven Moore
- 6 December 2024, 07:58
Frasers (#FRAS) – “intends to launch a voluntary offer for all of the shares in XXL”
- By Steven Moore
- 6 December 2024, 07:55
Celadon Pharmaceuticals (#CEL) – “received the balance of £150,000” due from a subscription, that won’t keep the lights on for long though!
- By Steven Moore
- 6 December 2024, 07:53
#QUIZ – sales fall and trading is “behind management expectations”, “existing bank facilities could be fully utilised in the first quarter of 2025”
- By Steven Moore
- 6 December 2024, 07:53
MS International (#MSI) – H1 EPS +11% to 39.8p, DPS up to 5p, emphasises “encouraged” with progress
- By Steven Moore
- 6 December 2024, 07:41
Likewise (#LIKE) – “increasing sales revenue and gross margin… on track to achieve current market expectations”
- By Steven Moore
- 6 December 2024, 07:37
James Halstead (#JHD) – trading “on track to meet our expectations of continued progress”, “remain positive about the market”
- By Steven Moore
- 6 December 2024, 07:34
Berkeley Group (#BKG) – H1 EPS -6% to 186.8p, DPS 33p, “on track to deliver profit guidance”
- By Steven Moore
- 6 December 2024, 07:30
Thursday »
Greatland Gold – a transformational acquisition Buy
- By Steven Moore
- 5 December 2024, 16:59
Aptamer – “Technical Update” following soon after AGM update, attempted ramptastic?
- By Steven Moore
- 5 December 2024, 16:28
Tom Winnifrith Bearcast: You have to be sensitive when talking of the recently departed but here goes anyway
- By Tom Winnifrith
- 5 December 2024, 14:44
Headlam – argues ‘transformation plan’ “significant early progress”, BUT…
- By Steven Moore
- 5 December 2024, 14:42
Video: The Vengeful Return of the Pendulum – Geopolitical Shifts, buy gold be very careful elsewhere
- By Tom Winnifrith
- 5 December 2024, 13:26
Tom Winnifrith Bonus Bearcast: Mr Market the manic depressive, Kefi and TrakM8, the latter is a zero, it is surely insolvent
- By Tom Winnifrith
- 5 December 2024, 12:28
Ebiquity – “a stronger H2 than H1… is proving to be the case”, BUT…
- By Steven Moore
- 5 December 2024, 12:15
Cavendish on Skinbiotherapeutics: God save us from Ashman as his M&A hunger is not sated
- By Tom Winnifrith
- 5 December 2024, 11:36
Amaroq – now that is what I call a placing: Buy at up to 90p and the shares to double from there
- By Steven Moore
- 5 December 2024, 10:42
Argo Blockchain End Game: the bond markets tell you that the shares are worth 0p, big moves in the past few days
- By ShareProphets
- 5 December 2024, 08:00
The Daily Mail laps up Ukrainian lies yet again: the North Korean girl fighters, Tom Winnifrith
- By Tom Winnifrith
- 5 December 2024, 08:00
Brand Architekts (#BAR) – recommended offer of 48p per share with shares alternative from Warpaint London (#W7L)
- By Steven Moore
- 5 December 2024, 07:57
#CARD Factory – acquisition of Garven for $25m to enter the US, trading “in line with our expectations”
- By Steven Moore
- 5 December 2024, 07:55
Frasers (#FRAS) – H1 adj. EPS -5% to 51p, warns as “both ahead of and after the recent Budget, consumer confidence has weakened”
- By Steven Moore
- 5 December 2024, 07:52
Watches of Switzerland (#WOSG) – H1 adj. EPS -16% to 18.1p, argues guidance unchanged including “underpinned by sequential trading improvement”
- By Steven Moore
- 5 December 2024, 07:50
Ebiquity (#EBQ) – expects 2024 revenue “low single-digit decline”, “below previous expectations”
- By Steven Moore
- 5 December 2024, 07:46
AJ Bell (#AJB) – FY EPS +23% to 20.34p, DPS +16% to 12.5p, “confident in the outlook”
- By Steven Moore
- 5 December 2024, 07:43
Future (#FUTR) – FY adj. EPS -12% to 123.9p, DPS maintained at 3.4p, notes “return to revenue growth in H2”
- By Steven Moore
- 5 December 2024, 07:41
Headlam (#HEAD) – argues transformation plan “significant early progress”, but five months to end-November revenue -7.3%
- By Steven Moore
- 5 December 2024, 07:34
Balfour Beatty (#BBY) – “2024 revenue expected to be c.2% ahead of prior year”, “on track to deliver earnings growth”
- By Steven Moore
- 5 December 2024, 07:30
Wednesday »
Fusion Antibodies – “Approval of Grant Funding Application”, shares soar but how justifiably so?…
- By Steven Moore
- 4 December 2024, 16:35
Tom Winnifrith Bearcast: Am I a really mean, grumpy, old bastard totally out of touch with 2024? You and my siblings can judge
- By Tom Winnifrith
- 4 December 2024, 14:58
OptiBiotix Health – poorly-produced “Launch of Dr Morepen” announcement but the potential compelling, Strong Buy
- By Steven Moore
- 4 December 2024, 14:37
IXICO – full-year results, how much is recent fundraising to ‘accelerate technology platform growth and global commercial reach’?
- By Steven Moore
- 4 December 2024, 13:30
Letter to Liam Murray re Energypathways: a yes or no answer will suffice
- By Tom Winnifrith
- 4 December 2024, 13:16
Almost 4 years of Ben Turney at Kavango: the jury is coming in and I call him out for bullshit
- By Tom Winnifrith
- 4 December 2024, 11:49
Zephyr Energy: more bad news Reverend Weight, doing the maths
- By Tom Winnifrith
- 4 December 2024, 11:11
Biome Technologies – after a trading warning last month, now a further “Trading Update and Board Change”. Uh oh!…
- By Steven Moore
- 4 December 2024, 11:07
Tom Winnifrith Bonus Bearcast: Amaroq the AIM placing of the year, shares can still double or more from here
- By Tom Winnifrith
- 4 December 2024, 10:14
Bushveld Minerals (#BMN) – in “Business Rescue proceedings”, now Chairman Michael Kirkwood and CEO Craig Coltman “have resigned… with immediate effect”
- By Steven Moore
- 4 December 2024, 07:59
Argo Blockchain (#ARB) – “November Operational Update”, bottom-line financial information dare not speak its name (natch!)
- By Steven Moore
- 4 December 2024, 07:54
#IQE – completes sale of Pennsylvania site, to receive “$2.5m immediately and a further $3.0m before the end of the year”
- By Steven Moore
- 4 December 2024, 07:52
Ethernity Networks (#ENET) – placing raises just £130,028 at 0.133p per share
- By Steven Moore
- 4 December 2024, 07:50
Amaroq Minerals (#AMRQ) – completes placing for £27.5m at 86p per share
- By Steven Moore
- 4 December 2024, 07:48
Eco Buildings (#ECOB) – “€1m in revenues now achieved as of 2 December… ahead of schedule”
- By Steven Moore
- 4 December 2024, 07:45
Premier Miton (#PMI) – FY adj. EPS down to 6.3p, DPS maintained at 6p, notes “more difficult period for active managers”
- By Steven Moore
- 4 December 2024, 07:42
ME Group (#MEGP) – “continued growth in H2… in line with the board's expectations”
- By Steven Moore
- 4 December 2024, 07:38
Zigup (#ZIG) – H1 adj. EPS down to 28.1p, DPS +6% to 8.8p, notes “lower disposal and Claims and Services profits”
- By Steven Moore
- 4 December 2024, 07:36
Treatt (#TET) – FY adj. EPS +7% to 24.5p, DPS +5% to 8.41p, argues “poised to accelerate growth”
- By Steven Moore
- 4 December 2024, 07:32
Tuesday »
Mind Gym – interims including “the business has returned to profitability”. Er, no it hasn’t!
- By Steven Moore
- 3 December 2024, 17:35
Tom Winnifrith Bearcast: who do you want as this year's Christmas carol villain?
- By Tom Winnifrith
- 3 December 2024, 16:32
Vianet – argues interims “in line with management expectations”, but that actually meaning very demanding second half requirements!
- By Steven Moore
- 3 December 2024, 16:31
SysGroup – interims arguing “further strengthening our financial stability”. Er, what about the profit (lack of) warning then?
- By Steven Moore
- 3 December 2024, 14:10
Collapsing retail sales and collapsing business confidence: who does Rachel from Customer services blame? Maggie knew who!
- By Tom Winnifrith
- 3 December 2024, 12:24
Windar Photonics – having three weeks ago stated “a strong balance sheet”, now a discounted placing including to “strengthen the company's balance sheet”!
- By Steven Moore
- 3 December 2024, 11:29
Tom Winnifrith Bonus Bearcast: a short email from 'arry Adams and a long chat with Steve O'Hara
- By Tom Winnifrith
- 3 December 2024, 11:04
BREAKING Supply@Me Capital: another rat jumps from the sinking ship
- By Tom Winnifrith
- 3 December 2024, 10:38
Tom Winnifrith: will you join me at what really will be the final Sharestock?
- By Tom Winnifrith
- 3 December 2024, 08:39
Excruciating embarrassment at the Service station, but I will continue to stand up for Israel, Tom Winnifrith
- By Tom Winnifrith
- 3 December 2024, 08:00
#KEFI Gold & Copper – confirms £10.6m capital raise at 0.55p per share
- By Steven Moore
- 3 December 2024, 07:59
OptiBiotix Health (#OPTI) – upcoming launch of “multiple” products under Dr Morepen's newly-developed LightLife brand in India
- By Steven Moore
- 3 December 2024, 07:57
Marston's (#MARS) – FY adj. EPS up to 5.2p, current year first 6 weeks LFL sales +3.9%
- By Steven Moore
- 3 December 2024, 07:56
On the Beach (#OTB) – FY adj. EPS up to 14.1p, DPS 3p, confident in delivering growth outlook
- By Steven Moore
- 3 December 2024, 07:52
SSP (#SSPG) – FY adj. EPS up to 10p, DPS to 3.5p, “focus now is on driving greater value from a strengthened base”
- By Steven Moore
- 3 December 2024, 07:51
#WIZZ Air – November booked passengers +1.7% YoY, load factor +3.1ppts to 91.5%
- By Steven Moore
- 3 December 2024, 07:45
Greencore (#GNC) – FY adj. EPS up to 12.7p, DPS reintroduced at 2p, “encouraged by the business's underlying momentum”
- By Steven Moore
- 3 December 2024, 07:44
#MIND Gym – H1 still even adj. loss, FY outlook “unchanged, with actions taken to eliminate further costs”
- By Steven Moore
- 3 December 2024, 07:40
Gooch & Housego (#GHH) – FY adj. EPS down to 25.5p though DPS edged up to 13.2p, argues profit growth confidence this year
- By Steven Moore
- 3 December 2024, 07:37
discoverIE (#DSCV) – H1 adj. EPS -4% to 18.4p, DPS +4% to 3.90p, currently “orders run rate ahead of sales and ahead of the second quarter”
- By Steven Moore
- 3 December 2024, 07:33
Monday »
Tom Winnifrith bonus bearcast: Kefi placing, was I lied to and should we bail or buy via Primary Bid?
- By Tom Winnifrith
- 2 December 2024, 17:36
Topps Tiles – what of its response to “disastrous acquisition”, “failure to adapt to an evolving retail landscape” and other ‘Comment’?…
- By Steven Moore
- 2 December 2024, 17:36
A failed and disgraced fund manager explains his art of stockpicking
- By ShareProphets
- 2 December 2024, 17:36
Condor Gold – one possible offeror announces it doesn’t intend to make a firm offer, but another announces proposed terms…
- By Steven Moore
- 2 December 2024, 16:29
Tom Winnifrith Bearcast: a day of total shame for the FCA and glory for Jim Mellon
- By Tom Winnifrith
- 2 December 2024, 14:56
Evil Banksta: a SECOND critical question for EnergyPathways
- By Tom Winnifrith
- 2 December 2024, 13:24
GOTCHA! RegTech Open Project to delist, next stop administration?
- By Tom Winnifrith
- 2 December 2024, 12:30
Global Petroleum: the twitter ramping of CEO Omar Ahmad, does Nomad SPARK not give a FF?
- By Tom Winnifrith
- 2 December 2024, 12:16
Gamma Communications move to Main Market, a hammer blow for the AIM sewer
- By Tom Winnifrith
- 2 December 2024, 11:07
BREAKING EXPOSE: Argo Blockchain rejects more money at higher price for stinking subscription that still leaves it insolvent
- By Tom Winnifrith
- 2 December 2024, 10:55
Andrew Monk and the myth of the impoverished bankster caption contest
- By ShareProphets
- 2 December 2024, 08:00
Gamma Communications (#GAMA) – initiated workstreams to move from AIM to Main Market
- By Steven Moore
- 2 December 2024, 07:59
Metals Exploration (#MTL) – “in advanced-stage discussions” with Condor Gold (#CNR) re. a possible offer for Condor
- By Steven Moore
- 2 December 2024, 07:59
Condor Gold (#CNR) – Calibre Mining “does not intend to make an offer for Condor”
- By Steven Moore
- 2 December 2024, 07:58
Argo Blockchain (#ARB) – £4.2m subscription at 5.5p per share
- By Steven Moore
- 2 December 2024, 07:51
boohoo (#BOO) – repayment of £50m of £97m term loan following recent placing
- By Steven Moore
- 2 December 2024, 07:50
Tavistock Investments (#TAVI) – receipt of £22m of disposal proceeds, emphasises “repositioning” asset management business
- By Steven Moore
- 2 December 2024, 07:45
Mothercare (#MTC) – H1 swing to even adj. loss, notes impacted by Middle Eastern markets
- By Steven Moore
- 2 December 2024, 07:40
K3 Business Technology (#KBT) – agreement to sell NexSys business for £36m, anticipates returning “a substantial proportion” to shareholders during H1 2025
- By Steven Moore
- 2 December 2024, 07:34
Supreme (#SUP) – acquisition from administration of trade and selected assets of Typhoo Tea for £10.2m
- By Steven Moore
- 2 December 2024, 07:29
Volution (#FAN) – completes acquisition of Fantech Group in Australasia
- By Steven Moore
- 2 December 2024, 07:24
Sunday »
Tom Winnifrith Bearcast: Now Steve O'Hara really will hate me, is his son worth £100k? And Jim Mellon gets a bid for Condor, don't get carried away
- By Tom Winnifrith
- 1 December 2024, 19:37
The View From The Montana Log-Cabin As Gold Sees Less Volatility And Trump Threatens BRICS
- By Nigel Somerville
- 1 December 2024, 16:24
Johnson Matthey shares have been very weak but it could turn things around following the restructuring of the business
- By Gary Newman
- 1 December 2024, 12:25
Sunday Long Reads: Bad Apples, Extreme Travellers, Spanish Water, Rampaging Mobs, DB Cooper
- By ShareProphets
- 1 December 2024, 11:14
Notes from Underground – Most read articles for the week ending Nov 30
- By ShareProphets
- 1 December 2024, 11:02
Photo article from the Welsh hovel: cat at work, Tom Winnifrith
- By Tom Winnifrith
- 1 December 2024, 00:00
Saturday »
Tom Winnifrith Bearcast: when did it become acceptable to tell lies?
- By Tom Winnifrith
- 30 November 2024, 19:57
Mr. Karma always gets you in the end, Giles Clarke walks the plank at Ironveld after 15 years of massive value destruction
- By Tom Winnifrith
- 30 November 2024, 18:12
Has Optibiotix sold Skinbiotherapeutics shares? Steve O’Hara declines to deny
- By Tom Winnifrith
- 30 November 2024, 15:42
EnergyPathways: when you know who you are up against you know it’s a disaster waiting to happen
- By Tom Winnifrith
- 30 November 2024, 15:05
Doing the Fandango Holdings: joke interims is the FCA totally asleep at the wheel?
- By Tom Winnifrith
- 30 November 2024, 13:26
ShareProphets readers tips for 2024 prize competition – about to enter final month update
- By Steven Moore
- 30 November 2024, 13:12
I’m in the wrong business: the price of Christmas trees is insane! Tom Winnifrith
- By Tom Winnifrith
- 30 November 2024, 00:49
Friday »
CMO Group – Friday intra-day “Q4 2024 Trading Update and Outlook” announcement. Uh oh…
- By Steven Moore
- 29 November 2024, 16:00
Tom Winnifrith Bearcast: on the nature of fraud however small
- By Tom Winnifrith
- 29 November 2024, 14:55
Evil Banksta flags up a great twitter thread on EnergyPathways: now a compelling short
- By ShareProphets
- 29 November 2024, 13:48
When is it okay to be a convicted fraudster and cover it up?
- By Tom Winnifrith
- 29 November 2024, 12:43
Tom Winnifrith bonus bearcast: what should Father Christmas bring Gary Newman and Lucian Miers this Christmas?
- By Tom Winnifrith
- 29 November 2024, 12:00
Amaroq Minerals – completes its first gold pour at Nalunaq, developing “cash flow generation” BUY with a target of up to 180p
- By Steven Moore
- 29 November 2024, 10:08
GOTCHA: Lying Charlatans at Argent Pharma flip flop on delisting, shares collapse, TW 100% vindicated yet again
- By Tom Winnifrith
- 29 November 2024, 09:40
Argent Biopharma (#RGT) – GOTCHA!, “intention to delist from the London Stock Exchange”
- By Steven Moore
- 29 November 2024, 07:57
Bushveld Minerals (#BMN) – not received amount due from Vanchem, the Business Rescue Practitioners “in discussions… including taking legal advice”
- By Steven Moore
- 29 November 2024, 07:57
Invinity Energy Systems (#IES) – appointment of Adam Howard as CFO, good luck chap!
- By Steven Moore
- 29 November 2024, 07:56
McBride (#MCB) – banking facilities refinancing noting improved terms and conditions and extended maturity
- By Steven Moore
- 29 November 2024, 07:55
Resolute Mining (#RSG) – second settlement payment under ‘Protocol’, “discussions with the Government of Mali are ongoing to clarify points of the protocol”
- By Steven Moore
- 29 November 2024, 07:43
#PEEL Hunt – H1 return to profit, though notes “sentiment in the UK has dipped following the Budget and increased concerns around global trade”
- By Steven Moore
- 29 November 2024, 07:40
Aptamer (#APTA) – “AGM Statement”, attempted ramptastic with no bottom-line or cash specifics
- By Steven Moore
- 29 November 2024, 07:36
Caffyns (#CFYN) – H1 adj. EPS up to 12.2p, DPS maintained at 5p, notes supply concerns due to Government-mandated zero-emission cars targets
- By Steven Moore
- 29 November 2024, 07:33
Northern Bear (#NTBR) – H1 EPS up to 8.4p, considers “potential in the second half to trade ahead of strong prior year results and market expectations”
- By Steven Moore
- 29 November 2024, 07:28
Thursday »
Tom Winnifrith Bearcast: Bit political, bit political..I'd rather eat my own toes
- By Tom Winnifrith
- 28 November 2024, 17:29
Dr. Martens – interims emphasise “in line with expectations… delivering on our strategic objectives”, but how creditable really is that?…
- By Steven Moore
- 28 November 2024, 14:24
Hemogenyx: When folks invoke and celebrate my mother’s suicide you know they have lost the argument
- By ShareProphets
- 28 November 2024, 13:40
Tom Winnifrith Bonus Bearcast: Optibiotix, Skins, what a journalist is meant to do, transparency, Lemming and Gary Newman
- By Tom Winnifrith
- 28 November 2024, 12:47
Another AIM disaster: Electric Guitar, the Fat Lady has now started singing
- By Tom Winnifrith
- 28 November 2024, 11:17
Ariana Resources – further increased Dokwe project prospectivity, BUY
- By Steven Moore
- 28 November 2024, 10:41
Hemogenyx owning moron JohnR thinks Tom Winnifrith is a “scumbag” and "disgrace"battlng for team leukemia
- By ShareProphets
- 28 November 2024, 10:36
J Sainsbury – further share buyback tranche follows interims, BUY!
- By Steven Moore
- 28 November 2024, 09:36
Warren Buffett’s advice on how to leave an estate of staggering wealth without ruining your children
- By ShareProphets
- 28 November 2024, 09:35
Loungers (#LGRS) – recommended 310p per share offer with unlisted share alternative
- By Steven Moore
- 28 November 2024, 08:00
Scholium (#SCHO) – proposed AIM cancellation, argues its discount to NAV share price has “significantly hampered” growth ability
- By Steven Moore
- 28 November 2024, 07:56
Amaroq Minerals (#AMRQ) – its first gold pour at Nalunaq mine, currently continuing to optimise processing plant and aiming to conduct weekly gold pour
- By Steven Moore
- 28 November 2024, 07:52
Ocado (#OCDO) – from its Erith fulfilment centre Morrisons to “gradually cease deliveries”, to build volumes from both Ocado’s Dordon centre and “in-store fulfilment solution”
- By Steven Moore
- 28 November 2024, 07:45
Dr. Martens (#DOCS) – H1 swing to even adj. loss and increased net bank debt but still a dividend!, 0.85p per share
- By Steven Moore
- 28 November 2024, 07:39
EnSilica (#ENSI) – AGM update, “expects… to continue to trade in line with consensus market expectations for the financial year to 30 May”
- By Steven Moore
- 28 November 2024, 07:33
Macfarlane (#MACF) – revenue -4% YoY, “continued challenging market conditions resulting in weaker volumes and lower pricing impacting most sectors”
- By Steven Moore
- 28 November 2024, 07:30
James Latham (#LTHM) – H1 EPS down to 50.5p, DPS up to 7.95p, expected signs of market improvement so far “has not materialised”
- By Steven Moore
- 28 November 2024, 07:27
Galliford Try (#GFRD) – trading momentum “continued into the new financial year… in line with the board's expectations”
- By Steven Moore
- 28 November 2024, 07:22
Wednesday »
Aston Martin Lagonda – argues “successful” share and private debt placings mean “now well positioned for growth”. Er, a few points…
- By Steven Moore
- 27 November 2024, 16:29
Tom Winnifrith Bearcast: the three serpents in the Helium bubble garden of Jerry Keen
- By Tom Winnifrith
- 27 November 2024, 16:21
Strix – “Trading Update” = Profit Warning (natch!) and has there really been “significant progress” on the balance sheet?…
- By Steven Moore
- 27 November 2024, 15:02
Tom Winnifrith Bonus Bearcast: greatly cheered by NOT speaking to 'arry Adams or Steve O'Hara
- By Tom Winnifrith
- 27 November 2024, 12:53
Restore plc – ten months trading update, still a recovery Buy
- By Steven Moore
- 27 November 2024, 12:07
EXPOSE: BWA Group - a group that doesn’t consolidate its subsidiaries, why accounting policies can materially impact reported results
- By Tom Winnifrith
- 27 November 2024, 11:52
Focusrite – full-year results argue “growth when market conditions improve”, but when’s even that likely to be?
- By Steven Moore
- 27 November 2024, 11:27
BREAKING: Is Helix Exploration boss David Minchin a brazen liar or a reckless fool?
- By Tom Winnifrith
- 27 November 2024, 10:31
While my Electric Guitar gently weeps: suspension shocker, Fat Lady on Standby, PKF disgraced!
- By Tom Winnifrith
- 27 November 2024, 10:07
Just Eat Takeaway.com (#JET) – “intention to delist from London Stock Exchange”
- By Steven Moore
- 27 November 2024, 07:59
Aston Martin Lagonda (#AML) – £111m equity raise at 100p per share including via PrimaryBid and £100m additional senior secured notes issuance
- By Steven Moore
- 27 November 2024, 07:58
Mitchells & Butlers (#MAB) – FY adj. EPS up to 26.4p, “strong start to FY 2025, like-for-like sales of 4.0% in the first seven weeks”
- By Steven Moore
- 27 November 2024, 07:55
Strix (#KETL) – trading warning, “now expects to report adjusted profit before tax for FY24 in the range of £18m to £19m (on a constant currency basis)”
- By Steven Moore
- 27 November 2024, 07:52
Focusrite (#TUNE) – FY adj. EPS down to 18p, DPS maintained at 6.6p, notes continuing macro pressures
- By Steven Moore
- 27 November 2024, 07:50
#PETS At Home – H1 adj. EPS up to 8.4p, DPS to 4.7p, though FY warning as longer than anticipated subdued pet retail market growth
- By Steven Moore
- 27 November 2024, 07:47
Auction Technology (#ATG) – FY adj. EPS down to $0.386, argues current trading “positive momentum”
- By Steven Moore
- 27 November 2024, 07:42
easyJet (#EZJ) – FY adj. EPS up to 61.3p, DPS to 12.1p, argues “positive” outlook
- By Steven Moore
- 27 November 2024, 07:39
Motorpoint (#MOTR) – H1 return to profit, though revenue decrease with “more affordable vehicle mix and price deflation”
- By Steven Moore
- 27 November 2024, 07:35
JD Sports Fashion (#JD.) – completes €520m acquisition of Groupe Courir following European Commission conditional clearance and satisfaction of all other conditions
- By Steven Moore
- 27 November 2024, 07:28
Tuesday »
Tom Winnifrith bearcast: egg on boat race time but for once not mine!
- By Tom Winnifrith
- 26 November 2024, 16:32
Topps Tiles – full-year results emphasise “confidence in the medium term outlook”, so what about the current outlook?…
- By Steven Moore
- 26 November 2024, 16:25
Severfield – from “market conditions are showing signs of improvement” to a ‘market conditions’ profit warning in less than four months, and worse!…
- By Steven Moore
- 26 November 2024, 14:09
BREAKING: Peel Hunt warns of £2 billion AIM IHT own goal by Rachel from Customer Services
- By Tom Winnifrith
- 26 November 2024, 14:02
Sosandar – Half Year Results, Big Helping Of Hartley's As More Jam Tomorrow Promised
- By Nigel Somerville
- 26 November 2024, 12:56
MPs and Lords say that the FCA is “incompetent” and “defective” – Pots and Kettles
- By Tom Winnifrith
- 26 November 2024, 12:21
i-nexus Global – proposed AIM cancellation, yet another roll-call of shame on the self-described “world's most successful growth market”!
- By Steven Moore
- 26 November 2024, 11:41
Golden Tuesday Bonus Bearcast: News from Amaroq and Ariana
- By Tom Winnifrith
- 26 November 2024, 10:35
Ariana Resources (#AAU) – Dokwe project exploration work delivering several resource growth opportunities
- By Steven Moore
- 26 November 2024, 07:57
Victoria (#VCP) – H1 swing to even adj. loss, net debt £658.2m
- By Steven Moore
- 26 November 2024, 07:54
Sosandar (#SOS) – H1 another loss on lower revenue, argues recent “evidence of the performance that we anticipated as customers become accustomed to paying full price”
- By Steven Moore
- 26 November 2024, 07:52
AO World (#AO.) – H1 EPS up to 1.94p, FY adj. PBT guidance “upgraded to between £39m and £44m”
- By Steven Moore
- 26 November 2024, 07:49
IG Design (#IGR) – H1 adj. EPS down to $0.112, expects H2 profit driven by “business simplification, efficiency and cost-saving initiatives”
- By Steven Moore
- 26 November 2024, 07:46
Halfords (#HFD) – H1 adj. EPS and DPS maintained at 7.6p and 3p respectively, “H2 is also impacted by short-term costs”
- By Steven Moore
- 26 November 2024, 07:43
Vp (#VP.) – H1 adj. EPS down to 39p, DPS maintained at 11.5p, “headwinds and challenging conditions continue to impact General Construction and Housebuilding”
- By Steven Moore
- 26 November 2024, 07:40
Brickability (#BRCK) – H1 adj. EPS down to 5.03p, DPS up to 1.12p, “profitability is expected to be first half weighted due to phasing of project work in the Contracting division”
- By Steven Moore
- 26 November 2024, 07:38
Compass (#CPG) – FY adj. EPS up to $1.195, DPS to $0.598, current year expects “organic revenue growth above 7.5% and ongoing margin progression”
- By Steven Moore
- 26 November 2024, 07:34
Monday »
DSW Capital – interims, will deal volumes be “returning to normal levels” in its Q4?
- By Steven Moore
- 25 November 2024, 16:00
Doc Holliday pumping and dumping at ECR: there is a case for the defence
- By ShareProphets
- 25 November 2024, 13:55
Kingfisher – Q3 update emphasises “full year profit guidance range tightened”…but that’s not in a good way!
- By Steven Moore
- 25 November 2024, 13:54
Letter to FRC: please investigate Zak Mir, Lift Global Ventures and Lee Lederberg of Edwards Veeder
- By Tom Winnifrith
- 25 November 2024, 13:07
Tom Winnifrith bonus bearcast: just a few more thoughts on Microstrategy vs Golden Prospect Precious Metals
- By Tom Winnifrith
- 25 November 2024, 12:45
Dialight – interims argue “confident that further progress will be made in the second half”, but sufficient for the balance sheet position?…
- By Steven Moore
- 25 November 2024, 11:19
EXPOSE: Has Graham Bond of RSM been a very naughty boy with his Celadon homework?
- By Tom Winnifrith
- 25 November 2024, 10:15
#GOOD Energy – Takeover Panel extension to 23rd December “to allow further time for Esyasoft to progress its due diligence”
- By Steven Moore
- 25 November 2024, 07:55
Software Circle (#SFT) – “up to” £16.7m new loan facilities, to repay £6.7m of outstanding bonds
- By Steven Moore
- 25 November 2024, 07:50
Rentokil Initial (#RTO) – CFO Stuart Ingall-Tombs retiring, Paul Edgecliffe-Johnson to succeed
- By Steven Moore
- 25 November 2024, 07:48
#DSW Capital – Deputy CEO Shru Morris to succeed James Dow as CEO on 1st April
- By Steven Moore
- 25 November 2024, 07:45
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