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Deepverge - where are the shareholders' fleet of top of the range sports cars?
Deepverge (DVRG) has all the hallmarks of being a zero, a once £70 million company going bust. Its shares are suspended and mug punters have lost everything. But ...- By Tom Winnifrith |
- 21 July 2023, 08:22 |
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Tom Winnifrith Bearcast: the explicit case for sacking Alison Rose as NatWest CEO if she was the source of the BBC Coutts Farage leak
I start with Ms Rose and NatWest (NWG). then I look at Optibiotix (OPTI) and why I would not sell at 15p after interviewing Steve O'Hara today. I look at Cakebox (CBOX), AMT Energy (AMTE), Lansdowne Oil & Gas (LOGP) and at IOG (IOG).- By Tom Winnifrith |
- 20 July 2023, 16:36 |
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Ariana Resources – More Good News As Venus IPO Gets Go-Ahead
- By Nigel Somerville |
- 20 July 2023, 16:21 |
Verici Dx – compliance authorisation from an additional four US states, how “important” a step?
Clinical diagnostics for organ transplant-focused Verici Dx (VRCI) has announced what CEO Sara Barrington emphasises as “another important step in our strategy, expanding our commercial reach and making it easier for clinicians to order our tests helping to drive the adoption of both Tutivia and Clarava”. So what is this ‘step’ and what of a current share price response up to 12.25p?- By Steve Moore |
- 20 July 2023, 16:21 |
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Portmeirion – “significantly below” expectations profit warning, is upcoming end-consumer demand really going to support strong customer restocking?
Previously writing on homewares group Portmeirion (PMP), last year with the shares at 350p I wrote interims, “encouraging year on year growth” but will it continue? – concluding still currently only on the watchlist. The shares most recently closed at 395p, but my caution now looks more justified with they currently falling below 300p on the back of a “trading update”.
- By Steve Moore |
- 20 July 2023, 14:29 |
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Premier African – George (Cock) Roach sounds like my pal the Euroloon Jonathan Price
As Jonathan reminds me frequently, we 17.4 million xenophobes ( including my wife of Indian origin) were too stupid to understand the question of Brexit and so the only solution is to make us all vote again. George Cockroach, the boss of Premier African Minerals (PREM) has a similar view of his shareholders: the dumb fucks need to vote again.- By Tom Winnifrith |
- 20 July 2023, 13:39 |
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I'm very happy overall with the latest Afentra acquisition and it remains a long term investment for me
The news yesterday that Afentra (AET) had entered into another acquisition, and were suspending the shares until an admission document has been released, seemed to get a mixed reaction, but I for one was pleased with the news.- By Gary Newman |
- 20 July 2023, 12:37 |
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How hot will the summer be for easyJet?
When I look at my diary over the next few weeks, the busiest day is always a Thursday. Such has been my life over the last twenty-five plus years! The main excitement for me is elsewhere in the world today, but from a FTSE 350 perspective I have a few thoughts on easyJet (EZJ).- By Chris Bailey |
- 20 July 2023, 12:15 |
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AMTE Power – now needs financial ‘solution’ “within the next few business days”. What’s that I can hear?…
Previously writing on company which describes itself as “a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets” AMTE Power (AMTE), last month as the shares jumped to 6p on ‘battery challenge’ and UN Certification announcements I concluded it’s good luck here particularly in the current financing environment – and thus more covid-era IPO misery. Hopefully our prior warnings were heeded and it remains bargepole/sell. The shares most recently closed at 8.25p but are currently down to 4.25p on the back of a “Financing update” announcement. Uh oh!
- By Steve Moore |
- 20 July 2023, 11:25 |
Video: Gold, The Beginning of the Journey to $2905
Writer Francis Hunt, the founder of The Market Sniper talks about why inflation has not been “cured” yet; it looks better only because it is being compared to previous numbers and basing effects. He says that year-on-year effects have decreased, but the consumer is still taking a hit. He argues that the declining dollar and prices is an indication that US inflation will likely surge soon.- By Tom Winnifrith |
- 20 July 2023, 08:15 |
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The Looming suspension of Tintra – three possible reasons and none of them good
I have warned you often enough that Tintra (TNT) would blow itself up and it has now issued a RNS stating it is faces delay in getting its audited accounts for the year to 31 January 2023 finalised after six months and might, as a result, get its shares suspended on August 1. This is a massive red flag but what is the problem?- By Tom Winnifrith |
- 20 July 2023, 08:00 |
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Must NatWest boss Alison Rose now resign over the Farage affair at Coutts
I discussed the scandal of the closing of Nigel Farage’s bank account by Coutts on political grounds in a podcast yesterday HERE. Like the heroic Peter Tatchell who has opined on this matter, I really disagree with Farage on many things, but I argue that what Coutts has done is scandalous. But this scandal now looks like it is ratchetting up and very well could cost Dame Alison Rose, the boss of NatWest (NWG) which owns Coutts, her job. Here’s why.- By Tom Winnifrith |
- 20 July 2023, 07:59 |
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Mirriad Advertising – management LTIP options greed and what part of the more than £15m loss last year was the CEO £50,000 bonus for?!
Having yesterday issued a trading update which showed signs of cash flow desperation again despite a recent fundraising and saw the shares further lower, from Mirriad Advertising (MIRI) today there’s a LTIP option awards announcement (natch!).
- By Steve Moore |
- 19 July 2023, 16:09 |
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Tom Winnifrith Bearcast: I hope that Kerim Sener does NOT listen to Nigel Somerville
First, thank you for kind words on my in-laws and yesterday's burglary. Then it is onto Ariana Resources (AAU), Optibiotix (OPTI) and Skinbiotherapeutics (SBTX), Tintra (TNT), Canadian Overseas Petroleum (COPL) and Argo Blockchain (ARB).- By Tom Winnifrith |
- 19 July 2023, 15:54 |
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PennPetro - Lenigas twitter ramp when is next placing for this insolvent POS? And where are the shareholders yachts?
Without mentioning that he is the chairman, shameless David Lenigas is again ramping shares in technically insolvent Pennpetro (PPP) again as you can see below. You might care to note from where Lenigas is tweeting.- By Tom Winnifrith |
- 19 July 2023, 14:29 |
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Argo Blockchain – as predicted discounted placing, clearly far less raised than had been hoped
In the first half of 2022 Argo Blockchain (ARB) burned cash despite the bitcoin price averaging $37,000. With the bitcoin price higher than it was but nowhere near $37,000 let alone a level that would ensure cash neutrality, the company’s shares were ramped up to 17p on the basis of some low grade pumping. After the pump…- By Tom Winnifrith |
- 19 July 2023, 13:56 |
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Watkin Jones – from less than two months ago H2 to “be materially stronger” to now there may not be much improvement and worse!…
Less than two months ago with half-year ended 31st March 2023 results, company describing itself as “the UK's leading developer and manager of residential for rent” Watkin Jones (WJG) stated that it “expected that H2-23 will be materially stronger than H1-23, with forward sales adding to performance from in-build developments”. So good news from a trading update today then? Er, the shares are currently down more than 37% to around 50p in response!- By Steve Moore |
- 19 July 2023, 11:28 |
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Financial market fun in Blighty!
Corporate news flow is much more centred on the European and American stock markets for me today. As for Blighty, I was not surprised to see the UK inflation rate drop to its lowest in a year at 7.9% for the 12 months to June, according to the Office for National Statistics. And no surprise then to see UK shares go up and gilt yields go down.- By Chris Bailey |
- 19 July 2023, 11:06 |
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Audioboom Piss Poor Interims: Gary Newman should have listened to the boss part 77
Oh dear. How is stale bull Gary Newman faring this morning? Audioboom (BOOM) about which I warned the complete-angler has served up half calendar year numbers which are, at every level, piss poor and the shares have slumped to just 180p. Please, young Gary, don’t go bottom fishing, for there is worse to come!- By Tom Winnifrith, the Sheriff of AIM |
- 19 July 2023, 10:43 |
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The Questions that Wandisco refuses to answer as it tries to sweep the £2 million + David Richards scandal under the carpet
Following my three exposes yesterday I put a number of questions to Wandisco (WAND) via its PR firm FTI Consulting. I have also reported Dave Richards to the Charity Commission with whom I had a fruitful conversation. Next up will be the taxman but that is a bit complicated.- By Tom Winnifrith, the Sheriff of AIM |
- 19 July 2023, 09:50 |