From £6.99 per month
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares


Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Notes from Underground – Most read articles for the week ending 28 October

By Darren Atwater | Sunday 29 October 2023


Here are the most read and most listened-to articles and Bearcasts on ShareProphets over the past seven days. The most read non-Quiz, non-Tom article last week is by Steve Moore, Velocys – “delighted to announce” launch of new technology facility. Er, what about going concern though?! at No 2 or No 3 including Bearcasts.

The most read ShareProphets stories this week were:

  1. CAB Payments – why quality matters and a shocking NED lying about her CV
    Yesterday’s shock warning from CAB Payments (CABP) which listed only a few months ago in July leaves its shares, at 54p, languishing as the worst performing IPO of the year. But could the big banks who floated it or the fund managers who lapped up the shares have spotted any red flags? Er…yes 

  2. Velocys – “delighted to announce” launch of new technology facility. Er, what about going concern though?!
    Sustainable fuels technology company Velocys (VLS) “is delighted to announce the launch of its new 52,500 sq. ft technology facility in Plain City, Ohio that will house the reactor core assembly and catalysis operations which form a critical part of the production process for sustainable aviation fuel”. So what of a current 1p share price, £16.5 million market cap here?

  3. Trifast – argues half-year “resilient”, but what about the second-half weighting amidst admitted macro “elevated uncertainty”?
    Industrial fastenings and components company Trifast (TRI) has issued a trading update commencing that “trading has been resilient in what has been a challenging macro-economic and geopolitical environment”. So what of a share price down from around 90p reached this summer to a current 74p?

  4. System1 Group – emphasises positive trading momentum “continues”, but what about those prior year comparatives?…
    ‘Marketing decision-making’ technology and consultancy provider System1 Group (SYS1) has issued a trading update emphasising “platform revenue up 55% in Q2, 44% in H1 and all at an improved profit margin”. So what of the performance in relation to a current 190p share price?

  5. OptiBiotix Health – license agreement to incorporate a branded Tata Chemicals ingredient in India, STRONG BUY - target 78p
    OptiBiotix Health (OPTI) has announced a license agreement to incorporate Tata Chemicals’ proprietary short chain fructo-oligosaccharide Fossenceinto its SlimBiome and LeanBiome for the Indian market.

  6. Upland Resources and the spoof bid – what a happy coincidence for the pumpers
    Just as Upland Resources (UPL) shares are pushed massively higher by its claim that it received a preliminary non binding bid approach at 14p per share which it has rejected, guess what?

  7. Upland Resources "bid approach": a clear fraud, a spoof or perhaps just real insanity?
    On Friday afternoon and throughout the weekend folks from the Upland Resources (UPL) ramping community, a group almost as pointless as Queers for Palestine, were tweeting that Upland had received a 14p bid approach but was going to reject it as being too low. This morning Upland said that as a result of speculation it was forced to confirm this was all true. That the shares are just 6.25p tells you Mr. Market smells a rat. The FCA and the Takeover panel should be all over this and shorters should be adding to their short as fast as possible.

  8. Upland Resources and the supposed bid – is it this SEC Capital? If so it's 'avin' a Turkish
    I am more and more convinced that the 14p a share supposed bid for Upland Resources (UPL) is a complete spoof which is why bears should add to their shorts at 5.75p as I explained ( at 6.25p) HERE. When the spoof unravels the share price will collapse liked a failed souffle. Anyhow the bidder is meant to be SEC Capital. I have tracked down the one incorporated SEC Capital…

  9. The ShareProphets Sunday Pub Quiz #211
    It's time for the ShareProphets Sunday Pub Quiz.. There are no prizes! And remember, no Googling!

  10. SkinBioTherapeutics – updates on acne consumer study and trading, Strong Buy on a winning share tip, target 50p+
    SkinBioTherapeutics (SBTX) has announced that it is commencing a consumer study which it considers “is potentially a major step towards the commercialisation of a new probiotic treatment that could address the root causes of conditions like acne”, as well as noting “trading for the full year to June 2023 was in line with market expectations. Cash at year end was £1.3m, ahead of expectations of £1.1m, and the company continues to control its costs”. What of this news from a current 27p share price, £46.7 million market cap?

The most-listened to Bearcasts this week were:

  1. Tom Winnifrith Bearcast: How to lose customers the TW way!
    I start on the topic in the strapline then discuss: Upland Resources (UPL), Tintra (TNT) and other spoof bids. Then it is onto Caracal (GCA) a clear zero in waiting, ASOS (ASC) and why Gary is wrong, Dev Clever and why the FCA has no balls, CAB Payments (CABP), Regtech Open (RTOP) and the fraud Supply@ME Capital (SYME) .  

  2. Tom Winnifrith Bearcast: Go F*ck yourselves again FTI Consulting, FD Technologies £46 to sub £9, ouzo for the Sheriff
    I explain that I was up late struggling to put together a business plan. It's been a long time since I did that. Then I look at Nightcap (NGHT), a barrels of ouzo moment for me and more shame for the serial PR bullies at FTI Consulting as FD Technologies (FDP) warns yet again and finally at CAB Payments (CABP), the worst IPO of 2023.

  3. Tom Winnifrith Bearcast - The stink of bad cheese
    I start with a note on the Hamas lovers at Lancaster University then spend 97% of the podcast on shares: Argentex (AGFX), Ironveld (IRON), Caracal Gold (GCAT), Upland Resources (UPL), EventBrite (US:EB) and in some detail Roquefort Therapeutics (ROQ) which should be a zero.

  4. Tom Winnifrith Bearcast: African Pioneer, the stink of the last bailout placing ahead of the imminent next one
    I start with three personal notes one of which relates to the loo in the river HERE. Then I look at African Pioneer (AFP), Upland Resources (UPL), Victoria (VCP), The Mission Group (TMG), WH Ireland (WHI) and BSF Enterprises (BSFA)

  5. Tom Winnifrith Bearcast: NatWest Warns but why is it not demanding the £11m back from Alison Rose? Ouzo for Farage and, on another matter, myselfTo anyone still listening: in today's Bearcast I discuss Global Petroleum (GBP), Regtech Open (RTOP) and the ongoing failure of the FCA to address a £189 million fraud, Safestyle (SFE) and FTI Consulting and NatWest Group (NWG), its profits warning, its Farage report (a whitewash), Alison Rose and why I don't own any banking stocks.

  6. Tom Winnifrith Bearcast: Upland admits the 14p, £166m, bid was a complete scam - vindication for the Master of penny share fraud busting
    I was on a road trip yesterday so only noticed the after hours 'fess up late in the evening. Upland's shares will be destroyed, it is a complete vindication of my coverage and some folks should be going to jail if the FCA, regulator of the Standard List, launches a criminal enquiry as it must do. Upland Resources (UPL) management are - at best - guilty of criminal naivete and negligence, To show that they are not part of a criminal conspiracy, perhaps involving the tweet below, they should be demanding an FCA enquiry - I hope you followed my short advice as these shares will, as I predicted, collapse like a failed souffle on Monday.
This story is available to all readers
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.

Filed under:

Subscribe to our newsletter

Daily digest of our latest stories.

Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

Saturday »


BREAKING: further signs of cash crisis at Tern



NightCap: tick tock, tick tock



Andrew Bell: don't be an idiot!



D4t4 Solutions – now again a BUY!



Ariana – Asgard Update



Bowleven – Squeaky Bum Time



Two US Shorts and one is a zero

Friday »


IQE – CEO shares purchase, how significant?…

Thursday »


Chill Brands – it is what it is NOT saying

Time left: 10:58:20