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Notes from Underground – Most read articles for the week ending 23 March

By Darren Atwater | Sunday 24 March 2024


 


Here are the most read articles and the most listened-to Bearcasts over the past seven days. The most read non-Tom article last week is Steve Moore with Eurocell – 2023 results, emphasises longer-term potential but what about the current outlook? at No 4 or No 12 including Bearcasts. 

The most-read ShareProphets articles this week were:

  1.  Skinbiotherapeutics: a management change but here is another one needed
    From Skinbiotherapeutics (SBTX) today comes news of a management change. Sadly it is not one of the three that I had been hoping for.

  2. KERBOOM: Technology Minerals: Has death spiral provider CLG defaulted? Is the market now false & disorderly?
    A source close to the action has been in contact and she says that disgraced death spiral provider CLG Capital run by Charles Ofori has been unable to hand over the first £1 million of a £5 million facility offered to Technology Minerals (TM1) and, in fact, with only around £600,000 passed on the facility has been terminated. It gets much worse on three counts and, if my source is correct, the shares should be suspended PDQ.

  3. Union Jack Oil: does it regret the share price support operation, oops I meant share buyback?
    Between October 2022 and the end of June 2023 Union Jack Oil (UJO), run by the journalist trolling David Bramhill, engaged in a much vaunted share buyback programme. By the end of that period, it boasted that, after the purchase of 100,000 shares at 32.25p it then held 6,300,000 shares in Treasury.

  4. Eurocell – 2023 results, emphasises longer-term potential but what about the current outlook?…
    Previously writing on window, door and roofline PVC products company Eurocell (ECEL), in September with the shares falling from 112.5p towards 100p on the back of half-year results I concluded that the prevailing trading outlook with already net debt suggested avoid/sell. The shares most recently closed at 114.5p and what about them currently down towards 110p on a 2023 results announcement headlined “Profits in line with expectations; strong cash flow”?

  5. Breaking: Dispensa and the list of unpaid bills, what does this say about other Zamboni/White companies?
    Dispensa (DISP) shares have now been delisted from the Standard List meaning that, following a sneaky year end change, in 19 months as a listed company there are no audited accounts covering any of that period. Nor, I bet will there ever be. This is a clear warning for investors in the remaining companies from the Dominic White/Alessandro Zamboni/Carrado Coen gang: Supply@ME Capital (SYME), Eight Capital Partners (ECP), Regtech Open (RTOP) and Max ret Ventures (MAX). Let’s talk unpaid bills.

  6. Buy Supermarket Income REIT for growth and an 8% plus yield
    Grocery property business with 77% of income from Sainsbury's and Tesco, Supermarket Income REIT (SUPR) has announced its results for its half-year ended 31st December 2023 and that, as interest rates normalise and with the limited supply of omnichannel supermarkets, it is “highly optimistic” for its valuation outlook for the year.

  7. Caption Contest: Brown Envelope man touting for business in the Carlton Club TODAY edition
    Sordid, greedy, unprincipled and not good with numbers. No that is not Zak Mir but the Tory MPs who, like him, frequent the Carlton Club. Our man on the inside snapped Brown Envelope Man in action TODAY: who says we are not on the pulse at the heart of the City?.. Does any reader know which spiv he is touching up for business so that we can all short his shares? If you know, put your answer in the comments section. Otherwise how about supplying a suitable caption in the same place as you consider the unacceptable face of crony capitalism.

  8. Shanta Gold – increased “final offer”, still looks too low but currently seems likely to be enough to succeed
    Previously on Shanta Gold (SHG), at the end of last month I wrote late “adjournment” of Meetings to approve offer, why not providing what the shareholders “feedback” was? – suggesting that the “feedback” was opposition to, and votes against, the offer agreement. So what about today a “RECOMMENDED INCREASED AND FINAL OFFER”-titled announcement?

  9. OptiBiotix Health – another SkinBioTherapeutics shares sale, but not a panicked sale at a low: STRONG BUY
    It has just been announced that the OptiBiotix Health (OPTI) shareholding in SkinBioTherapeutics (SBTX) has been reduced to 24,940,639 – representing a move from a 13.52% interest to 12.94%. With the share price of SkinBioTherapeutics down from above 15p at the start of 2024 to now below 8p, is this a panicked sale at a low-point? We understand NOT!

  10. Diversified Energy what an ongoing £410m mess, ouzo for we perma bears, stay short as this could go all the way to zero
    On 15 February Diversified Energy (DEC) announced that shareholders could enjoy a tender offer as an alternative to a dividend. Today, citing regulatory differences in the US and UK, that scheme has been scrapped. It is almost as if, faced with bear dossiers and a tanking share price, it is making it up as it goes along.

The most-listened to Bearcasts this week were:

  1. Tom Winnifrith Bearcast: Zombie companies where death postponed with your money
    I start on those Zombie companies and on the scandal of scamdemic loans created by our, now, Prime Minister. Then it is onto Skinbiotherapeutics (SBTX) and Optibiotix (OPTI). Then Hummingbird (HUM), Technology Minerals (TM1) and, in some detail, La Willingham's Nightcap (NGHT), itself almost a zombie.

  2. Tom Winnifrith Bearcast: The entitlement of the WASPI women & their virtue signalling supporters is nauseating
    I start on the WASPI women with whom I have zero sympathy before heading via fake news at the BBC on chocolate bars to inflation and to the gold price. Then it is on to Centamin (CEY), Amaroq (AMRQ) and Ariana (AAU). I cover Avacta (AVCT) and then Technology Minerals (TM1) where I am celebrating yesterday's expose now vindicated but point out the seriousness of its crimes. Yes I shall be reporting this to the FCA.

  3. Tom Winnifrith Bearcast: Oh no more emails from Kefi jihadists
    In today's bearcast I discuss politicians picking business winners, referencing the Reneuron (RENE) scandal, Kefi Gold & Copper (KEFI), Versarien (VRS), Ben's Creek (BEN), BSF Enterprises (BSFA), Hummingbird Resources (HUM), GRIT and in detail Big Dave Lenigas and Pennpetro (PPP).

  4. Tom Winnifrith Bearcast: Put me in charge of Ariana Resources and I will eat my cat if the shares have not gained fifty percent in six months
    I start with the bubble popping in the ESG investing world with news from Black Rock. Then it is onto how if I replaced Kerim Sener as CEO I'd push Ariana (AAU) shares up by at least 50% within six months. 

  5. Tom Winnifrith Bearcast: shorting #PlanetFitness, #Gowokegobroke
    I discuss madness at Planet Fitness, Crest Nicholson (CRST) and the housebuilders, Ben's Creek (BEN), 10p to 100p next stop 0p, Scirocco Energy (SCIR) , Argo Blockchain (ARB) and Manolete (MANO)

  6. Tom Winnifrith Bonus Bearcast: Skinbiotherapeutics interims
    There were good points. There were bad points. On balance we loyal shareholders should be cheered by this. But this is still nor risk free. I discuss in detail.

  7. Tom Winnifrith Bearcast: The curse of Sir Tony set to strike again next week?
    Ahead of a weekend of planting potatoes I discuss Supply@ME Capital (SYME), Westminster Group (WSG) and the curse of vile Sir Tony Baldry, Zephyr Energy (ZPHR), TrakM8 (TRAK) and Technology Minerals (TM1) 

  8. Tom Winnifrith Bearcast: Red Flag spotting for Neill Ricketts apologist Alan Green at Bidstack
    Even Greenie is now turning on Lyin' James Draper and praising me after THIS NEWS. I now go through nearly all the red flags Greenie ignored at Bidstack (BIDS).
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