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#BoycottWebsummit unless you hate free speech and love Hamas butchering Jews & PR car crashes

By Tom Winnifrith | Tuesday 7 November 2023

 

Web Summit was founded in 2009 by Irishman Paddy Cosgrove and has grown to be the world’s biggest conference for folks involved in technology and the internet and a place where ideas are exchanged freely in a spirit of tolerance. That changed on October 7 when the world woke up to the horrors of the Hamas pogrom in Israel, the worst slaughter of Jews in one day since 1945. A company Cosgrove controls tweeted out a Palestinian flag on that day. It got worse.

Cosgrove tweeted out a series of messages in the following days and weeks expressing outrage at the Israeli response to October 7 but only folks started to kick up a fuss did he belatedly express any sympathy at all for the pogrom.

As the howls of protest grew Cosgrove stood defiant and boasted that his stance had been a net winner of business of sponsors for Web Summit.

But not only was there a mass boycott of Web Summit by companies based in the tech hub of Israel and by Jews abroad but big names like Google also pulled out of the forthcoming event in Lisbon on 13 November in protest and disgust.

And thus Cosgrove resigned and issued a weasel word apology apologizing not for what he had tweeted but to those who might have been offended by what he tweeted. This was a non apology and since he remains the largest shareholder in Web Summit his resignation changes little. He clearly has power within the organization and benefits personally from its success.

And an indication of that came when an Israeli entrepreneur and long time opponent of the Likud Government, a “tolerant lefty” called Ran Harnevo posted a superb 4 minutes 30 second video covering both the October 7 atrocity in rather upsetting detail but also the responses by Cosgrave which were revolting when seen in context. But you cannot see that video.

For 20 seconds of the video contained clips from Web Summit PR videos which it aggressively pushes and promotes across the interweb. And thus the video from @harnevo was removed from all social media channels as lawyers for Web Summit claimed copywrite breach.

Technically, I suspect they are right but in the spirit of free speech which made Web Summit so popular they now seems to be draconian protectors of Cosgrove and that, plus the revelation that Web Summit’s biggest sponsor is the State of Qatar which is also the biggest financial sponsor of Hamas, has seen even more folks turn away from Web Summit in revulsion.

Harnevo now promises to release a new video as Web Summit opens in Lisbon, which is just like the old one but removes any image which might be protected by copywrite so ensuring that the PR car crash gets worse. The Streisand effect means that this video will be watched by many more folks than watched the first one.

It is hard to see where Web Summit goes from here. I suspect that there will be many within the industry who will want nothing whatsoever to do with both the summit itself but also with anyone daft enough to sponsor it going forward.

And while the revolting apologist for the worst pogrom since 1945, Cosgrove, is seen to gain financially from the success of Web Summit, it is simply toxic. How can anyone in the industry support a conference dedicated to free speech which seeks to crush dissenting voices in this way?

You may say that if I believe in free speech I should support Cosgrove’s right to spew bile. But as I noted the other day as I explained HERE why the Islamists and useful idiot snowflakes should be allowed to March on Armistice Day, there need to be limits, as Mill explained in On Liberty. Cosgrove can say what he wishes, but equally all decent folks can, and should, choose to boycott any business associated with him. 
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Bluejay Mining, I am confused, surely it and disgraced Nomad SP Angel are not telling porkies (again)?

 

ROAD

Roadside Real Estate (ex-Barkby Disaster) – Still Suspended (No Accounts) But A Bonkers Refinancing

 

TBLD

tinyBuild – 2023 results argue “has the capability to deliver over the coming years”. Does it though?…

 

AVCT

Avacta: Now just 43.75p and I am still sitting on the fence with Evil Banksta

 

Gold

Gold suffers largest 1 day drop in 14 months, "don't panic" says Ross Norman

 

88E

Gotcha: 88 Energy ‘ fesses to placing at just 0.16p but it naturally misleads investors

 

BATS

Scrap the BAT dividend – its not as daft as it sounds

 

Bear

Photo article: it's grim up North as Lucian ramps up the training

 

Welsh_Flag

Every Year this happens in the garden here at the Welsh Hovel - Tom Winnifrith

 

88E

88 Energy (#88E) – proposed placing as per @tomwinnifrith, @shareprophets, but only “up to A$9.8 million” despite a 40% discount!

 

BEN

Bens Creek (#BEN) – notes a General Meeting requisition “to discuss the operational and strategic challenges”

 

BEN

Bens Creek (#BEN) – “debtor-in-possession” financing update following commencement of Chapter 11 Bankruptcy Court cases

 

JUP

Jupiter Fund Management (#JUP) – Q1 AUM up to £52.6bn, but £1.6bn net outflows

 

RWS

#RWS Holdings – expects H1 adj. PBT down to approx. £45m with some “ongoing headwinds”

 

GBG

GB Group (#GBG) – expects FY adj. Op profit of approx. £61.2m, “driven by a focus on simplification and cost-effectiveness”

 

TW

Taylor Wimpey (#TW.) – notes net private sales 0.73 per outlet per week (2023: 0.75), states positioning for growth from 2025

 

THG

#THG – Q1 “continuing revenue” +4.5% constant currency, +2.1% actual YoY, expectations “remain unchanged”

 

ABF

Associated British Foods (#ABF) – H1 EPS up to 87.4p, DPS to 20.7p, “on track to deliver… ahead of expectations”

 

JD

JD Sports Fashion (#JD.) – proposed acquisition of US sports fashion retailer Hibbett, Inc. for $1.11bn Enterprise Value

Monday »

88E

BREAKING: 88 Energy has been trying to get a A$20 million placing away - City Source

 

MIND

Mind Gym – emphasises “significantly improved second half performance”, but sufficiently improved for the valuation?…

 

Bearcast

Tom Winnifrith Bearcast: No Comrade Brian Basham you are a crackpot commie and wrong about capitalism

 

LSE

The London Stock Exchange bats for More Lesbian Visibility or is it less?

 

MTEC

Made Tech – “awarded £19.5m new contract”. Is it to be £19.5m though and should it could command a near 46% share price rise?…

 

TM1

Technology Minerals hooks up with a right Wanke – smoke and mirrors disposal, $10m my arse!

 

AFRN

Aferian – “positioned… on the strongest possible foundation for the future”. Er, what about the trading warning, maturing banking facility & upcoming lack of CEO?!

 

Bearcast

Tom Winnifrith Bonus Bearcast: the chatroom gerbils rush to defend bent CEO Russel Fryer of Critical Metals

 

PFC

Keep Selling Petrofac, the Shoe is Dropping this is free money!

 

CHLL

Chill Brands CEO suspended on insider dealing allegation but is this all it seems?

 

CRTM

Why is Russell Fryer not being fired as CEO of Critical Metals PLC?

 

CHLL

Chill Brands (#CHLL) – CEO Callum Sommerton suspended, allegations “around the use of inside information”

 

TYMN

Tyman (#TYMN) – recommended cash and share offer from Quanex

 

SONG

Hipgnosis Songs Fund (#SONG) – improved takeover proposal from Blackstone which “would be minded to recommend”, providing access to confirmatory due diligence

 

APH

Alliance Pharma (#APH) – “auditor, Deloitte LLP, has requested additional time to finalise”, 2023 results further delayed to “early May”

 

AFRN

Aferian (#AFRN) – “further deterioration in the trading of the Amino business”, “in advanced discussions with its lenders”

 

MIND

#MIND Gym – emphasises H2 improvement, though “continuing to see delays in decision making and scaling back of projects”

 

CER

Cerillion (#CER) – H1 update, “strong demand… remains well-placed to meet market expectations”

 

PAY

PayPoint (#PAY) – anticipates FY adj. pre-tax profit “in line with expectations”, share buyback programme “under active consideration”

 

ELIX

Elixirr International (#ELIX) – 2023 adj. EPS +22% to 37.2p, DPS +37% to 14.8p, “momentum has continued into FY24”

 

JTC

#JTC – proposed $21m acquisition of trust administration services business from JPMorgan Chase Bank

Sunday »

Bearcast

Tom Winnifrith Bearcast: DCI Advisors - dirt cheap shares or a £42m big fat Greek zero?

 

Gold

The View From The Montana Log-Cabin As Gold Presses $2,400 Again

 

BEN

Just how stupid are some shareholders in Ben’s Creek? Words fail me

 

Professor

Sunday Long Reads: Rich People Don’t Eat, Smuggling into North Korea, Making of Modi, Woke Radio

 

Quiz

The ShareProphets Sunday Pub Quiz #237

 

Professor

Visual Aid: Top Countries By Forest Growth Since 2001

 

Top-10

Notes from Underground – Most read articles for the week ending 20 April

Saturday »

Bearcast

Tom Winnifrith Bearcast: cat update and Neil Woodford what he says is wrong and he just has no moral platform

 

JLP

Jubilee Metals – Q3 chrome record but PGM and copper production lower, still a STRONG risk reward BUY

 

ASOS

A reader writes on the topic of debt and ASOS.

 

Clown

A failed fund manager writes about how well Britain is doing

 

ICON

BREAKING: Iconic – Toxic Dave Sefton strikes again

 

AO

With TV's, Washing Machines and Laptops Relishing a Probable Revival, Take a Gander at this Growing Online Telly Seller.

 

Boom

Mark Menzies: The Tory MP who “disputes” the Grindr blackmail misuse of funds reports – its like dealing with stockmarket villains, Tom Winnifrith

 

Beggar

The cat and I both visit the doctors, it is my bank balance left writhing in agony - Tom Winnifrith

Friday »

CEY

Centamin – Q1 production lower, but a now production and sector recovery Buy

 

XSG

Xeros Technology – “pleased to announce” retail offer closing result, fooling itself or trying to fool everyone else?

 

TEP

Telecom Plus – an income and capital growth recovery Buy?

 

Bearcast

Tom Winnifrith Bearcast: after Cheryl, I add Miss Israel, India and Iceland to the list

 

NEXS

Nexus Infrastructure – argues half-year “good progress”, but how good really?…

 

Tom Winnifrith Bonus Bearcast: I win at Sam Antar's game of fraudster

 

BRK

Brooks Macdonald – wealth management sector value?

 

CHLL

Alan Green and the Chill Brands loons on twitter, they just don’t get it!

 

BPM

B.P. Marsh & Partners – further upside from a winning share tip

 

NGHT

Video Exclusive: Sarah Willingham of Nightcap goes bonkers & accuses "obsessive" Tom Winnifrith of spreading fake news

 

Greek Tear

Photo Article: The pool opens at luxury and isolated Greek villa May 1 - now just eight weeks unbooked until November, Tom Winnifrith

 

SLWD

Silverwood Brands (#SLWD) – delayed restoration of trading as awaits Capital Reduction Court order to be registered by the Registrar of Companies

 

NCYT

Novacyt (#NCYT) – DHSC Pre-Trial Review listed to be heard on 30th April, with also a DHSC application for summary judgment

 

JAY

Bluejay Mining (#JAY) – intends to expand to include helium, industrial gases and hydrocarbons, attempted ramptastic

 

PRE

Pensana (#PRE) – FSDEA loan facility extension discussions to tie-in with the anticipated finalisation of main financing

 

SDX

#SDX Energy – agreement for sale of West Gharib asset for estimated $6.6m

 

QED

Quadrise (#QED) – Valkor project initial oil well expected to commence drilling next week

 

CPH2

Clean Power Hydrogen (#CPH2) – 2023 £4.1m loss, cash down to £8.5m

 

NEXS

Nexus Infrastructure (#NEXS) – H1 update, notes increased order book but “challenging market conditions persist”

 

EMG

Man Group (#EMG) – Q1 net flows -$1.6bn, but AUM up to $175.7bn

 

888

#888 Holdings – Q1 revenue -3% YoY, though emphasises “continuation of positive sequential quarter-on-quarter trends”

Thursday »

PODP

Pod Point – “pleased to announce… ahead of guidance for revenue and adjusted EBITDA”. Er, what about the initial guidance though?!

 

Bearcast

Tom Winnifrith Bearcast: Has Leon at Jubilee slipped up one time too many?

 

THS

Tharisa – Q2 update, still a recovery Buy

 

IMB

Imperial Brands – half-year trading update, a value Buy?...

 

Gold

Video: Will the Dollar or Bond Market Be Sacrificed First in the Next Crisis?

 

HOME

Home REIT – surely it is having its cake and eating it as lawyers letters fly

 

CYAN

CyanConnode – appointment of a joint broker “with immediate effect”. Why might that be?

 

PPP

Horse Hill – time for Pennpetro and UK Oil & Gas to ‘fess, the farm in is not going to happen!

 

ZED

Zenova – broker and auditor changes, yet more red flags!

 

CHLL

Swanny wants boardroom change – EGM called for Chill Brands

 

Christopher_Booker

Another day and another Tory MP in a sex and corruption scandal – I think again of Christopher Booker of Private Eye and 1963, Tom Winnifrith

 

HOME

#HOME REIT – issued and received pre-action letters of claim, “intends vigorously to defend”

 

SONG

Hipgnosis Songs Fund (#SONG) – $1.16 per share recommended offer from Concord Chorus

 

AJB

AJ Bell (#AJB) – notes Q2 growth, platform market opportunity “remains significant”

 

CARR

Carr's (#CARR) – H1 adj. EPS -4% to 4.8p, DPS up to 2.35p, process to “maximise shareholder value” from Engineering division

 

VLX

Volex (#VLX) – expects FY adj. Op profit “slightly ahead of analyst expectations”

 

EZJ

easyJet (#EZJ) – expects H1 reduced adj. loss to £340m-£360m, demand “continues to build well for summer”

 

DNLM

Dunelm (#DNLM) – Q3 sales +3% YoY “driven by volume”, expects FY “broadly in line with market expectations”

 

RNK

Rank (#RNK) – Q3 LFL net gaming revenue +6% YoY, expects FY in line with expectations

 

FOXT

Foxtons (#FOXT) – Q1 revenue +9% YoY, “trading in line with management's expectations”

 

ROO

Deliveroo (#ROO) – Q1 gross transaction value +5% YoY, FY guidance maintained

Wednesday »

TST

Touchstar – 2023 results, “another period of improved financial performance” so why the share price fall in response?...

 

Bearcast

Tom Winnifrith Bearcast: I just don't see the attraction of ASOS

 

SPEC

Inspecs – 2023 results state “continuing to perform well”. Er, what about the end of year profit warning?!

 

TERN

EXPOSE: Wyld – why is Tern exercising fewer T04 warrants than Jonathan Swann when it claims it has a much larger shareholding?

 

GoldfishShark

Video: There is no bubble in gold

 

GCM

I'd be amazed if the GCM Resources Phulbari project ever gets sanctioned given the impact on the environment and local people - avoid

 

SCE

Surface Transforms – “2024 Sales Outlook” down from just last week! And what about the balance sheet position that dare not speak its name again?

 

ONT

Oxford Nanopore from £3.7 billion at IPO to £846 million, I'm massively vindicated but is it still a short?

 

SYME

The Supply@ME Capital and Regtech frauds see shares plunge to new lows, with endgame imminent does the Fat Lady speak Italian?

 

MMAG

Non-disclosure: it’s what they are not saying but does anyone give a FF about the rules anymore?

 

Gagged

The Cass Report – on the transgender walk of shame must be Bath Spa University: TomWinnifrith

 

Gagged

Oxford University's Diversity Boss does not believe in free speech for those who engage in WrongThink - Tom Winnifrith

 

SCIR

Scirocco Energy (#SCIR) – proposed AIM cancellation following rebel General Meeting succeeding

 

EQLS

Equals (#EQLS) – Takeover Panel further extension to 5pm 15th May, with discussions and due diligence “ongoing”

 

LIO

Liontrust Asset Management (#LIO) – FY AuMA £27.8bn, Q4 net outflows £1.2bn

 

HTG

Hunting (#HTG) – “positive start to the year… marginally ahead of management's expectations”

 

SFR

Severfield (#SFR) – expects FY “slightly ahead of expectations”, “seeing an improvement in market conditions”

 

DLAR

De La Rue (#DLAR) – expects FY adj. Op profit “in line with guidance previously given, in the low £20m range”, intends ‘optimising intrinsic value’ update by end-May

 

SAGA

#SAGA – FY emphasises increased adj. profit but still statutory loss, net debt £637.2m

 

ASC

ASOS (#ASC) – H1 increased loss on sales -18% YoY, though argues restructuring “progress” including appointment of new CFO Dave Murray

 

WINK

M Winkworth (#WINK) – 2023 EPS -15% to 13p, DPS +6% to 11.7p, argues “excited by the outlook for the current year”

 

JET

Just Eat Takeaway.com (#JET) – Q1 gross transaction value -2% YoY, states reiterates full-year guidance

Tuesday »

PFC

Fitch downgrades Petrofac to 'CC'; Removes RWN: this is damning

 

BOWL

Hollywood Bowl – argues ‘strong growth’, but how “strong” really?…

 

SOS

Sosandar – Full Year Trading Update Misses Targets

 

Bearcast

Tom Winnifrith Bearcast: The shocking sense of of entitlement of this prat from Wales

 

MRK

Marks Electrical – “a fast-growing online electrical retailer”… growing much more slowly now?…

 

SDRY

Superdry – more ouzo for the bears but time to close your short ahead of Julian Dunkerton "rescue" and delisting

 

SEED

A confused shareholder in SEED Innovations writes…

 

DOCS

Dr. Martens – trading warning & CEO Kenny Wilson has so much outlook “confidence”… that he’s decided to leave!

 

UKOG

UK Oil & Gas – Think the unthinkable, might its bailout placing fail?

 

Bitcoin

Buy to the sound of gunfire and sell to the sound of trumpets (I've gone long bitcoin)

 

Bearcast

Tom Winnifrith Bonus Bearcast: Ben's Creek Post Mortem, name the names of shame, learn the lessons

 

CTO

TClarke (#CTO) – recommended 160p per share offer from Regent Group

 

SMDS

DS Smith (#SMDS) – recommended 0.1285 International Paper Company shares per share offer

 

MORE

Hostmore (#MORE) – proposed all-share reverse takeover of its franchisor TGI Fridays, Inc.

 

SDRY

Superdry (#SDRY) – proposed “restructuring plan”, equity raise and shares delisting

 

DOCS

Dr. Martens (#DOCS) – FY update and current “outlook is challenging”

 

SOS

Sosandar (#SOS) – FY expects £0.2m loss, argues “several shops identified in top tier locations”

 

BOWL

Hollywood #BOWL – H1 notes revenue growth and “confident about the outlook for the business in FY”

 

RWA

Robert Walters (#RWA) – Q1 constant currency net fees -16% YoY, “client and candidate confidence is at low levels”

 

HAS

Hays (#HAS) – Q3 LFL net fees -14% YoY, “market conditions remained challenging through the quarter”

 

BME

B&M (#BME) – FY “volume growth led delivery at the top end of guidance”

Monday »

BEN

BREAKING: Ben’s Creek US operations file for Chapter 11, shares a zero!

 

PAGE

PageGroup – argues “resilient performance”, but are the declines really “resilient”?…

 

Bearcast

Tom Winnifrith Bearcast: The next shoe to drop is Petrofac

 

TM1

Technology Minerals: shares fall another 10%, two explanations offered

 

EGT

Podcast: Cathal Friel and Aiden Lavelle of European Green Transition interviewed

 

EXR

Engage XR – “pleased to announce” 2023 results. Should it be?…

 

WCAT

Wildcat Petroleum…oops a daisy, when will the FCA end this farce?

 

EISB

East Imperial – hopefully my refinancing warnings were heeded as now... “the company has ceased trading”!

 

SYME

BREAKING EXPOSE: Alessandro Zamboni and Nuburu, the plot thickens

 

HZM

Horizonte Minerals: Told y’all, call the Fat Lady!

 

HZM

Horizonte Minerals (#HZM) – “unable to secure interest in the full financing needed”, as warned here shareholders wipeout ahoy

 

WCAT

Wildcat Petroleum (#WCAT) – now unable currently to sign any sort of contract in Sudan, argues to “now concentrate on South Sudan”

 

IES

Invinity Energy Systems (#IES) – states expects to finalise ‘strategic investment agreements’ “in the coming weeks”

 

CWR

Ceres Power (#CWR) – 2023 cash outflow £42.4m after revenue of £22.3m, “cash and short-term investments” £140m

 

BOOM

Audioboom (#BOOM) – argues improvement from 2023 results, but Q1 even adj. EBITDA profit just $0.1m

 

BOOM

Audioboom (#BOOM) – 2023 swing to even an adj. EBITDA loss, cash down to $3.7m

 

RNO

Renold (#RNO) – now expects FY results “materially ahead of current market expectations”

 

PAGE

PageGroup (#PAGE) – Q1 gross profit -16.4% YoY, -12.8% in constant currency

 

INCH

Inchcape (#INCH) – agreement to sell UK retail business for approx. £346m to Group 1 Automotive

 

SYNT

Synthomer (#SYNT) – agreement for sale of its Compounds business for c.€27.5m

Sunday »

Bearcast

Tom Winnifrith Bearcast: what now for oil as Iran and Israel go head to head and why Neil Woodford is THE guilty man

 

Gold

The View From The Montana Log-Cabin As “Mr Slammy” Hits Gold Before Iran Strikes Israel

 

Professor

Visual Aid: The World’s Top Flight Routes, by Revenue

 

KEFI

Okay here is that 'arry Adams of Kefi video

 

Quiz

The ShareProphets Sunday Pub Quiz #236

 

Professor

Sunday Long Reads: Bringing Football to Sheffield, Art Fraud, Boeing, Self-Help, Biggest Cruise Ship Ever

 

Top-10

Notes from Underground – Most read articles for the week ending 13 April

Saturday »

Bear

Lucian at 93% of target fundraise on his 63 mile walk for a great cause

 

Bearcast

Tom Winnifrith Bearcast: Wrexham up and my new least favourite football team, the gender pay gap, gold and bitcoin

 

Bear

Thoughts on Short Selling in the Post-Covid World and some safe targets

 

DCTA

Directa Plus – “GiPave installed at Imola Circuit”, RNS Reach attempted ramptastic?

 

ANP

Anpario – a recovery Buy?...

 

VIC

Why a Share Rise Could Be in the Pipeline for this Plumbing King.

Friday »

LIFS

LifeSafe Holdings – “pleased to announce” appointment of new Nominated Adviser and broker. I wonder why!…

 

Bearcast

Tom Winnifrith Bearcast: Petrofac is free money for the bears and does anyone advising Tern have any conscience?

 

PFC

Petrofac statement – it almost admits how screwed it is

 

TERN

Tern – After the preposterous and cynical pump……as things get Wyld

 

BEN

GOTCHA! Ben’s Creek ‘fesses up that it's firing nearly all its workers! Does advisor Allenby give a FF about market rules

 

ORCP

Oracle Power, David Lenigas and Mining Equities Pty Ltd: it’s a small world innit?

 

REAT

REACT Group – contract wins including “three material contracts”, a trading momentum continuing Buy

 

CHLL

Photo Article: the proof that Chill Brands MUST be sitting on bad news about WH Smith

 

IOM

iomart – “results which demonstrate the resilience of the group”. Er, do they?…

 

Crime-Scene

Buy 2 Let Cars Limited – the long slow hand of the law.

 

ARCM

Photo Article: a 2 metre reason NOT to go see my pal Vassilios Carellas on the ground with Arc Minerals in Zambia

 

BEN

Bens Creek (#BEN) – GOTCHA! as admits “laid off 44 employees”, mine care and maintenance and in “additional financial support” discussions

 

TERN

#TERN – placing raising just £0.42m at 2.4p per share, a more than 30% discount

 

TEAM

#TEAM – raises £1.25m at 20p per share as WRAP retail offer adds £0.14m

 

VLRM

Valereum (#VLRM) – “appointed Stanford Capital Partners Limited to act as the company's sole corporate broker with immediate effect”, hmmm!

 

LIFS

LifeSafe Holdings (#LIFS) – “appointment of Zeus Capital Limited as Nominated Adviser and Sole Broker with immediate effect”, hmmm!

 

ROAD

Roadside Real Estate (#ROAD) – “resource constraints at its auditors”, now expects to publish delayed results by 30th April

 

PFC

Petrofac (#PFC) – “continues to face challenges in securing new performance guarantees”, discussions including for “a significant proportion of the debt being exchanged for equity”

 

PMI

Premier Miton (#PMI) – Q2 AuM up to £10.712bn but still £268m of net outflows

 

HUD

Huddled (#HUD) – acquisition of online retailer Food Circle Supermarket for £0.2m in cash and shares and up to a total £0.3m

 

SRC

SigmaRoc (#SRC) – Q1 “underlying EBITDA in line with management's expectations”, integration of initial lime acquisitions “continuing well”

Thursday »

Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

Boom

BREAKING: FCA slams Neil Wooodford – worse to come for the disgraced fund manager we exposed

 

Bearcast

Tom Winnifrith Bearcast: whataboutery

 

Bulletin Board moron seagreen where are you now? A posting that did not age well

 

DIS

Distil – after in January “confident that we can continue to build on this growth in Q4”, now announces a Q4 sales slump!

 

GAH

Blast from the past – Gable sues William Dewsall over alleged £20 million fraud

 

AFM

Alpha Financial Markets Consulting – expecting lower net fee income growth than stated just in February, but states “continues to expect”!

 

TIR

Tiger Royalties – another quarter of pointless failure & meaningless data: premium to (undeclared) NAV is insane

 

BSFA

BSF Enterprises – Frankenstein Leather, “No Current Plans For A Fundraise”.....Yeah, RIght, the annual report was a lie then?

 

RRR

Ding Dong: for whom the discounted placing Bell tolls yet again

 

Bearcast

Tom Winnifrith Bonus Bearcast: thoughts on the £12.5m bailout of Revolution Bars at just 1p

 

BEN

BREAKING: Has Ben's Creek sacked all bar 5 of its staff? Statement needed asap

 

Boom

The global warming nutters just make it up as they go along, Flooding in St Malo - Tom Winnifrith

 

LOK

Lok'nStore (#LOK) – recommended 1110p per share offer from Shurgard, the largest self-storage facilities business in Europe

 

RRR

Red Rock Resources (#RRR) – another placing, £0.26m at 0.051p per share it states is including for developing gold assets in Burkina Faso

 

NCYT

Novacyt (#NCYT) – Lyn Rees appointed CEO, 2023 results delay “due to the time required to integrate the accounts of Yourgene Health”

 

DIS

Distil (#DIS) – Q4 trading slump, notes spirits market “challenging” outlook

 

NXR

Norcros (#NXR) – notes FY revenue decline “in a challenging demand environment”

 

IOM

Iomart (#IOM) – FY update, notes growth held back by H2 lower than expected customer renewal rates

 

DARK

Darktrace (#DARK) – Q3 update, nudges up FY guidance

 

AFM

Alpha Financial Markets Consulting (#AFM) – after February trading warning, “trading has improved through the rest of Q4, as expected”

 

POLR

Polar Capital (#POLR) – FY AuM up to £21.892bn, quarterly swing to net inflows

 

DOM

Domino's Pizza (#DOM) – completes acquisition of remaining, 85%, shareholding in its largest franchise business in Republic of Ireland and Northern Ireland

Wednesday »

CHH

Churchill China – 2023 results, is it now “generating sustainable, growing returns for investors”?

 

Bearcast

Tom Winnifrith Bearcast: IQE is still a quarter of a billion sell

 

XPP

XP Power – “trading in line with expectations”, but how much of an ‘achievement’ is that?…

 

FUM

Futura Medical: unlike real customers, Lucian Miers gets a stiffy on the hidden warning

 

ETX

BREAKING: Another £70m AIM disaster as ETX announces plans to delist as it completes £28.9 million fund raise

 

SDY

Speedy Hire – “towards the lower end of the board's expectations”. Er, just how ‘low’ was that ‘lower end’ then?...

 

Clown_Funeral

Is your stockbroker a disabled transgender person of colour? It is awards time!

 

CTL

Cleantech Lithium – Roland “Fatty” Cornish actively signs off on deception as CEO hides dumping of his entire stake

 

TSCO

UPDATED: Has Tesco caved to the Jew haters – I ask the question & it appears not

 

PANR

Pete Brailey says short the £400m Pantheon ramp

 

IQE

#IQE – 2023 increased adj. loss, still net debt

 

DLG

Direct Line Insurance (#DLG) – appointment of current CFO of UK and Ireland General Insurance business of Aviva (#AV.), Jane Poole, as CFO

 

THG

#THG – 2023 still a loss, argues “now delivering operating leverage”

 

TSCO

Tesco (#TSCO) – FY adj. EPS +14% to 23.41p, DPS +11% to 12.10p, argues “strong momentum”

 

TET

Treatt (#TET) – H1 improving performance, notes H2 “solid sales order book and healthy sales pipeline”

 

SAA

M&C Saatchi (#SAA) – 2023 adj. EPS +3% to 15.2p, DPS +6% to 1.6p, “encouraging Q1 momentum”

 

CHH

Churchill China (#CHH) – 2023 adj. EPS +5% to 70.2p, DPS +14% to 36p, softer demand continuing in H1 2024

 

SDY

Speedy Hire (#SDY) – FY revenue -c.5%, expects results “towards the lower end of the board's expectations”

 

EPWN

Epwin (#EPWN) – 2023 adj. EPS +8% to 9.71p, DPS +8% to 4.80p, “expect to make further progress in 2024”

 

XPP

XP Power (#XPP) – states Q1 “in line with expectations”… but that’s constant currency order intake -27% YoY and revenue -15%

Tuesday »

Bearcast

Tom Winnifrith Bearcast: Should I care if Shell goes to America?

 

GHT

Gresham Technologies – how “pleased” to be with recommended offer?

 

TAST

Tasty plc – requires “restructuring plan” including lease exits and creditor write-offs approvals, or it’s cash crunch ahoy!

 

ORCP

Oracle Power: Cynical Foul

 

Clown

Explaining free speech with a cartoon for the 10th time for defamatory fantastist and liar Magna Carta

 

TERN

Tern: this is just a spoof, Talking Medicines “trading statement”

 

SCE

Surface Transforms – after another discounted equity fundraise as recently as November, surely it’s not liquidity crunch ahoy again?…

 

OBC

Reader: You are being far too soft on Clem Chambers. I plead guilty, this is SHOCKING!

 

CRTA

Cirata – where the hell is the cash going?

 

TERN

Tern – Wyld T04 warrant fund raising & a looming margin call

 

OBC

Clem Chambers trough-fest Online Blockchain Annual Report finally surfaces and it’s a hoot

 

Pinocchio

Tom Winnifrith: Amnesty International eulogises the face of true evil, Walid Daqqa

 

GHT

Gresham Technologies (#GHT) – recommended 163p per share offer

 

SBDS

Silver Bullet Data Services (#SBDS) – CFO Darren Poynton “stepping down”, Chris Ellis to join as CFO

 

HEX

Helix Exploration (#HEX) – helium exploration company lists on AIM, raising a gross £7.5m at 10p per share

 

PROC

ProCook (#PROC) – Q4 update, expects FY adj. PBT “marginally ahead” of expectations though at £0.5m-£1m

 

W7L

Warpaint London (#W7L) – Q1 growth means now expects FY ahead of current expectations

 

ULTP

Ultimate Products (#ULTP) – H1 adj. EPS -3% to 8.3p, DPS +1% to 2.45p, “now seeing the gradual resumption of normal ordering patterns”

 

IPX

Impax Asset Management (#IPX) – Q2 AUM up to £39.6bn, but net outflows of £1.7bn

 

RNWH

Renew (#RNWH) – acquisition of UK highways engineering business Route One for £5m Enterprise Value

 

AV

Aviva (#AV.) – completes acquisition of AIG's UK protection business for £453m

 

HSBA

HSBC (#HSBA) – agreement to sell business in Argentina for $550m subject to certain adjustments

Monday »

CBOX

Cake Box – “Full Year Trading Update”, why the profit and its comparatives that dare not speak their names?

 

Bearcast

Tom Winnifrith Bearcast: the price of a loaf of bread was 26p in 1980 & I bet teachers were lazy then too

 

TGP

Tekmar – “Contract Awards”, but announcement RNS Reach attempted ramptastic?

 

GoldfishShark

Video: From a Cyclical Low to a Super Bull – Why This Could be Gold’s Decade

 

CGO

Contango – from no plans to raise to a raise in just four months

 

EDEN

Eden – how long will its cash last? Time for a Jo Hart mea culpa?

 

WPHO

Windar Photonics – what’s the “proposed placing” really mainly for?…

 

IES

Oi Monkey, Invinity statement needed, your six weeks are up

 

BEN

Ben’s Creek: the Fat Lady is now gargling

 

KEFI

WOW and Kefi you really are a twit

 

Tom

It was 11 years ago today that Britain's Greatest Leader passed away - a video tribute to Lady Thatcher, Tom Winnifrith

 

Atomic

Peter Tatchell lives in an Orwellian post truth world when it comes to Russia and the Zaporizhzia nuclear power plant, Tom Winnifrith

 

CVSG

CVS Group (#CVSG) – “cyber incident”, being investigated and “likely to have an impact on operations for a number of weeks”

 

BEN

Bens Creek (#BEN) – notes a coal purchase order, but also that it is currently loss-making and is assessing “options available”

 

EGT

European Green Transition (#EGT) – company developing “green economy assets” in Europe joins AIM, raising a gross £6.46m at 10p per share

 

CGO

Contango (#CGO) – £0.94m placing at 1p per share

 

EML

Emmerson (#EML) – $2.175m equity raise at 1.75p per share with warrants and a REX retail offer

 

WPHO

Windar Photonics (#WPHO) – proposed up to £4m placing at 35p per share, stated to be including after recent contract wins

 

CAV

Cavendish Financial (#CAV) – appointment of Spark Advisory as Nominated Adviser, replacing Grant Thornton

 

CBOX

Cake Box (#CBOX) – expects FY revenue c.+9%, though also with 20 new stores taking estate to 225

 

BGO

Bango (#BGO) – 2023 another loss, argues “strong” Q1 2024 but emphasising revenue

 

IGP

Intercede (#IGP) – expects FY improved profitability from higher revenue and operational gearing

Sunday »

Black-Swan

Gender diversity boosts financial performance: the GroupThink lie that hurts us all.

 

Bearcast

Tom Winifrith Bearcast: Malcolm is 'avin' a Turkish if he thinks Lloyds is worth a quid

 

Professor

Sunday Long Reads: Farming Carauba, Woke Meltdown, Killer Culverts, Fighting the Metric System, Guinness World Records

 

Professor

Visual Aid: Top Emerging Markets for Investment in 2024

 

GPM

Gold Stocks – My Take On Why They’ve Still Got A Long Way To Go

 

Quiz

The ShareProphets Sunday Pub Quiz #235 - a special 11

 

Top-10

Notes from Underground – Most read articles for the week ending 6 April

 

Boom

The Doom Goblin's Global Warming myth, data from Iceland, Dublin and Sweden the GroupThink cannot explain: Tom Winnifrith

Saturday »

Bearcast

Tom Winnifrith Bearcast: why are gold stocks we all own not even higher? Setting targets for a few I do own

 

ATYM

Atalaya Mining - £4 Short-Term Tip Target Achieved: What To Do Now?

 

Cat_Fixing_Lightbulb

A new alternative Bearcast link for those having problems

 

BELL

Belluscura – do I want to bet against Mr. Magic?

 

BAR

Brand Architekts – interims, a significant discount to net assets Buy

 

Gold

The View From The Montana Log-Cabin: “The (Gold) Bull Market Is Here, People – It’s Time To Make Money”

 

AMRQ

Amaroq Minerals – first underground mining blast at Nalunaq, with further upcoming catalysts. Value BUY, More than 50% upside

 

LLOY

Looking Hard at Probably the most Traded Share in Blighty - and Asking Why?

Friday »

RUA

RUA Life Sciences – “Business Update” emphasise its “resilience and adeptness”, but is it just more ‘jam tomorrow’?

 

Bearcast

Tom Winnifrith Bearcast: Happy Birthday Dad, he would have been 86 were he not in a better place

 

XSG

Xeros Technology – another of Neil Woodford’s disastrous ‘revolutionising’ picks… so “Fundraising” (materially discounted, natch)

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