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Notes from Underground – Most read articles for the week ending 4 Mar 2023

By Darren Atwater | Sunday 5 March 2023


 


The most-read non-Tom non-Quiz article this week is  Harbour Energy has great long term potential and is trading too cheaply - buy by Gary Newman  at No 2 or No 8 including Bearcasts.

The most read ShareProphets stories this week were:

  1. It’s the Sunday ShareProphets Pub Quiz for Feb 26
    The newly rebuilt Sunday ShareProphets Pub Quiz has withstood the week. If you have not competed before, now is the time. There are no prizes! And remember, no Googling!

  2. Harbour Energy has great long term potential and is trading too cheaply - buy
    If you still see a future for North Sea oil and gas, as I do, then I think Harbour Energy (HBR) is definitely worth a look at the current price, and also has the advantage of having interests in other parts of the world.

  3. The cost of smoking by country - there are some great smuggling arbs here
    A pack of 20 costs 25.43 Euro in Australia. Who on earth can afford to smoke down under. Given that a packet of 20 is only 2.11 Euro in Indonesia I can see a great arb if you have no qualms about breaking the law. I bet there is a roaring trade in "under the counter" fags in Oz. The table below is fascinating.

  4. BREAKING: Advanced Oncotherapy shares collapsing – statement needed asap as the Sheriff vindicated yet again
    The shares are now just 4.25p, down another 32% today. The bare facts are that Advanced Oncotherapy (AVO) is running on fumes. If it does not raise fresh funding asap the Fat Lady will be called in for an emergency gig very soon indeed. The problem, as we have noted many times, is that par value is 25p.

  5. The View From The Montana Log-Cabin As Gold Tests $1800
    Gold closed the week at $1811 – down again on last week’s $1842 and now testing the $1800 line described as being fairly critical in the short term by our favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com. It is going to be an interesting week or two ahead ... 

  6. BREAKING: Powerhouse Energy – surely this is cut and dried industrial scale market abuse
    Not revealing shareholding changes via a TR1 in a timely fashion should be a criminal offence but is not. It is – in my view wrongly - treated rather like picking your nose and swallowing the bogies in public, as naughty but not serious. And thus, the rules are widely ignored and abused. Yesterday Howard White and his two sons ‘fessed up to ignoring the rules with regard to dumping Powerhouse Energy (PHE) shares. But old Howard is also guilty, in this case, of market abuse. This is black and white and the FCA really should act.

  7. Is it time to sell some of my Rolls-Royce shares?
    Just before Christmas last year, I told you all to keep on holding my full year 2022 tip, Rolls-Royce (RR.). The tip had not worked well for me in 2022, having fallen from a c. 120p start of year level to nearer a quid at the end of the year. And the market angst in September and October 2022 had taken it down even lower to a c. 75p level. However, I felt that prospects for the world of commercial aerospace, defence and nuclear matters (among others) were getting better…and now last Friday’s share price close was just over 138p a share.

  8. Versarien Annual Report out: what it was hiding part 1 – the heroic Graphene growth assumptions supporting nil impairment
    Finally, a week after publishing dreadful results Versarien (VRS) has published its full annual report for the 18 months to 30 September 2022. When this company goes bust, what it was hiding will be used to drag it and auditors BDO through hell and back, via the FRC. The main issue is goodwill and the balance sheet but there is also the pay rise loathsome Neill Ricketts was given.

  9. Inland Homes from bad to worse
    The stench at Inland Homes (INL) just ratcheted up to top gear with the shock resignation of all three of its non exec chairman Simon Bennett, Carol Duncumb and Brian Johnson as a stack of undeclared related party deals have emerged. That may well be one of the reasons why, yesterday, Inland warned that there would be a delay in the publication of its annual results.

  10. I am sure you look at the Rightmove website…but I think you also know why the company’s shares are falling
    There were “three distinct housing markets” according to the Rightmove (RMV) management team. Despite the fact that the UK economy has moved away from the comedy part of September/October PM, this week’s Nationwide update shows you the reality. The housing market started 2022 in a very hot mood…which via higher interest rates and much more was not apparent by the end of the year. What does all this mean for Rightmove shares, given millions of people still enjoy looking at the company’s website?

The most-listened to Bearcasts this week were:

  1. Tom Winnifrith Bearcast: At what point does Flip Flop admit he has failed? Prepping for a Bluebird Meeting I start with a bit of macro-political stuff but that does relate directly to a) Gary's tip today and b) my muted enthusiasm for UK PLC shares. Then it is onto Kavango Resources (KAV), seemingly moving goalposts to avoid accusations of failure. Finally Colin Patterson of Bluebird Merchant Ventures (BMV) popped in after this recording. FWIW, after the meeting I conclude that the shares are a VERY STRONG BUY.

  2. Tom Winnifrith Bearcast - the problem with sacking people, the 3 XS No this is not a reference to Darren after the glitch on the earlier bullcast. It is a reference to Versarien (VRS). I explain why today's Umbro based ramping video is just so much hooey and a sell signal not a buy one. Then it is onto young journalists and the problems they face, Jamie Nimmo eulogising Dan Wagner with some PR puffery in the Sunday Times. Finally why Avacta (AVCT) is such a compelling short.

  3. Tom Winnifrith Bearcast - distracted by Warwick School mattersI refer to this. Then I discuss Totally (TLY), Versarien (VRS), Metal Tiger (MTL), Advanced Oncotherapy (AVO), Wandisco (WAND) and Flip Flop's Kavango (KAV)

  4. Tom Winnifrith Bearcast: surely this is straight to jail, do not pass Go, do not collect £400 On the jail tack I refer to the clear market abuse scandal at Powerhouse Energy (PHE). I also discuss Ocado (OCDO), clearly a stonking short, Versarien (VRS) and the latest utter cobblers and tripe from Ben Turney's flip flop Kavango Resources (KAV). Ben, at least, provides a platform for some inappropriate Cheryl Cole analogies.

  5. Tom Winnifrith Bearcast - 1 new Warwick abuse victim comes forward already This is a good start to the day and my decision to run a slight legal risk HERE yesterday looks to have paid off as I try to force my old school to deal with historic abuse. After that I look at Ben's Creek (BEN), Conroy Gold & Natural Resources (CGNR), Eurasia Mining (EUA), Argo Blockchain (ARB) and Vast Resources (VAST).

  6. Tom Winnifrith Bearcast: it is not Sunny in Wrexham it really is post industrial grim On this St David's Day myself and little Jaya went to Wrexham and I describe just how grim it is. Do not believe the hype Then it is onto Cellular Goods (CBX), Guild ESports (GILD), Anglesey Mining (AYM), Versarien (VRS), Canadian Overseas Petroleum (COPL) and Advanced Oncotherapy (AVO) where events have overtaken me requiring a follow up podcast which I shall do now.

  7. Tom Winnifrith BONUS bearcast: Advanced Oncotherapy, 9 weeks from death & now a full blown death spiral in place AFTER today's £5m financingWas there any insider dealing before a mid afternoon financing update from Advanced Oncotherapy (AVO). A 32% share price fall suggests that the Pope is also a Catholic. I discuss the new £4.975 million financing which still leaves Advanced only 9 weeks away from running out of cash and the full blown death spiral which cheats its way around par value rules but which will crush the share price.
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