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

Mobile data computing and managed services provider to industry, Touchstar (TST) has announced results for the 2023 calendar year headlined “Strong operational delivery in 2023 has resulted in another period of improved financial performance”. So what of a share price currently more than 6% lower to below 90p in response?
Bearcast
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Tom Winnifrith Bearcast: I just don't see the attraction of ASOS

I start with the Mrs admitting that the BBC and the Met Office might just be lying and putting on the heating. Phew. Then it is onto Ferrexpro (FXPO), Surface Transforms (SCE), Nightcap (NGHT), Novacyt (NCYT) and, in detail, ASOS (ASC).
SPEC
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Inspecs – 2023 results state “continuing to perform well”. Er, what about the end of year profit warning?!

Describing itself as “a leading designer, manufacturer, and distributor of eyewear”, Inspecs Group (SPEC) has announced results for the 2023 calendar year including noting that it “delivered record sales” and that “the progress that we have made in 2023 is now delivering increased distribution of our brands to both key accounts and our independent markets. Whilst consumer markets in Europe remain subdued, our businesses are continuing to perform well”. With the shares currently responding up to above 50p, just how well is it “continuing to perform”?
GoldfishShark

Video: There is no bubble in gold

Trader Tony Greer from the Morning Navigator is bullish on gold, the S&P, industrial miners, and uranium, while bearish on bonds.
GCM
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I'd be amazed if the GCM Resources Phulbari project ever gets sanctioned given the impact on the environment and local people - avoid

I’ve never been a fan of Bangladeshi coal miner, GCM Resources (GCM), so noticed that it suddenly seems to be popular again on various social media platforms, as often seems to occur every couple of years.
SCE
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Surface Transforms – “2024 Sales Outlook” down from just last week! And what about the balance sheet position that dare not speak its name again?

Manufacturer of carbon fibre reinforced ceramic disc brake materials Surface Transforms (SCE) has issued a “2024 Sales Outlook” announcement, including “sales are anticipated to grow by a minimum of 111% in 2024 and up to 165% compared to FY 2023 sales of £8.3m, resulting in a projected FY 2024 range of £17.5m to £22m sales” and that it is “providing this range of outcomes for the year, in response to shareholder request for "worst case scenarios". We remain committed to achieving the higher end of this range”. So why a share price currently further down to 3.5p in response?
ONT
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Oxford Nanopore from £3.7 billion at IPO to £846 million, I'm massively vindicated but is it still a short?

I was a bear at the 425p Neil Woodford backed IPO just 31 months ago. I was still a bear at 160p on February on 7 February this year. 10 weeks later the shares are just 94.4p. Even I did not see such a collapse. Is it time to close the short or is it time for Oxford Nanopore (ONT) to explain what is going on with an RNS.
SYME
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The Supply@ME Capital and Regtech frauds see shares plunge to new lows, with endgame imminent does the Fat Lady speak Italian?

This morning shares in Regtech Open ( listed at 100p last August) trade at an all time low of 1.8p-2p with sod all volume. Shares in its sister fraud Supply@ME Capital (SYME) are now at an all time low of 0.025p having started their market career at well over a penny. So what next?
MMAG
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Non-disclosure: it’s what they are not saying but does anyone give a FF about the rules anymore?

The past ten days has shown that, twice, Ben’s Creek (BEN) and its, regulated by the FCA, Advisor Allenby has sat on adverse price sensitive information thus creating a disorderly market. Ben’s is going bust and desperate times call for desperate measures but Allenby is regulated and knows that price sensitive information must be disclosed at once. Will the FCA throw the book at it as it should? Whaddya think?
PFC
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Fitch downgrades Petrofac to 'CC'; Removes RWN: this is damning

The credit rating agency Fitch has downgraded its stance on Petrofac's debt to CC. If that is how the debt is viewed that tells you that the equity is worth little or nothing ( as some of us have warned for a long while!). The report is damning and reads:
BOWL
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Hollywood Bowl – argues ‘strong growth’, but how “strong” really?…

Previously writing on group now describing itself as “operator of the UK's and Canada's largest ten-pin bowling brands” Hollywood Bowl (BOWL), towards the end of 2022 I concluded that the shares potentially offered good value at 237p. They most recently closed at 335.5p and what of them currently sliding towards 330p on the back of a “Half Year Trading Update”?

SOS
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Sosandar – Full Year Trading Update Misses Targets

AIM-listed online ladieswear purveyor, Sosandar (SOS), released a full year trading update the morning, boasting a “strong H2 with FY24 revenue growth of 9%”. But the shares are off, last seen by 11%.What’s going on here?
Bearcast
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Tom Winnifrith Bearcast: The shocking sense of of entitlement of this prat from Wales

I start on bank branch closures and the self entitlement of a prat from Wales, in fact many prats from Wales. Then it is onto unemployment and economic inactivity, something Wales is jolly good at. Then Chill Brands (CHLL) and the curse of Swanny, BSF Enterprises (BSFA), Superdry (SDRY), Petrofac (PFC) and Sosandar (SOS) 
MRK
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Marks Electrical – “a fast-growing online electrical retailer”… growing much more slowly now?…

Describing itself as “a fast-growing online electrical retailer”, Marks Electrical Group (MRK) has issued a trading update including emphasising “proud of the revenue growth we have achieved of 16.9%, in a flat Major Domestic Appliances and a declining Consumer Electronics market”. Why then a currently down to below 70p share price?
SDRY
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Superdry – more ouzo for the bears but time to close your short ahead of Julian Dunkerton "rescue" and delisting

For those dumb enough to own the stock the outcome is the least bad option. That would have been Superdry (SDRY) going into administration and the muppets losing everything as a result of ignoring numerous warnings on this website because, as ever, they knew better. But a refinancing at either 5p or 1p and then a delisting is not exactly good news either. It is the least worst option.
SEED
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A confused shareholder in SEED Innovations writes…

You may remember that I thought that it was a cunning plan to gain a small exposure to the cannabis bubble I should buy some shares in SEED Innovations (SEED). Thanks to a massive share price collapse my exposure is now even smaller, in fact it is almost irrelevant. I hung on because the shares trade at a steep discount to NAV and arguably to cash. But I am, today, confused.
Bitcoin
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Buy to the sound of gunfire and sell to the sound of trumpets (I've gone long bitcoin)

I am not a great one for conspiracy theories but there does seem to have been something a little choreographed about Iran's strike on Israel over the weekend.
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