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Solid State gets new NED – Ms. "how’s Your father" Sam Smith, you see how this works?
Sam Smith, who quit as CEO of FinnCap (FCAP) shortly before a series (not yet) finished of dire profits warnings having, imprudently, racked up the cost base in the face of an obvious oncoming macro storm, claiming that her resignation was to allow her to get her leg over, now has time on her hands. Sorry to hear about the downturn in the how’s your father department Sam. Anyhow she has today become a NED at Solid State (SOLI).- By Tom Winnifrith |
- 17 July 2023, 09:37 |
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DFS Furniture might be taking market share, but what about new sofa profits in 2024?!
Regular readers will know I am not a fan of shares in DFS Furniture (DFS), including observing six months ago not to expect me to buy any shares in the name (or a new sofa). Should I be excited to read that its FY23 profits are “within (its) previously guided range”, and the company “achieves record market share”?
- By Chris Bailey |
- 17 July 2023, 08:47 |
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BREAKING: Cellular Goods – more seaweed bullshit deception can be exposed by basic desktop research
Desperate to pump its share price as the fat Lady has pencilled in a gig for well before Christmas, Cellular Goods (CBX), David Beckham’s failed CBD play has announced more complete horse on the seaweed front. Make no mistake, its intent here is to deceive as any desk-top research will show.- By Tom Winnifrith |
- 17 July 2023, 08:38 |
Ceres Takes its Name from the God of Fertility and Might Soon Give Birth to a Healthier Share Price
Hello Share Pilers. Ceres Power (CWR) is another of those green companies that Uncle Tom won't recommend. But its future, if not its present balance sheet, looks golden to this old punter. And the price has been rising in recent weeks, not that it is still not abysmal compared to previous highs of two or three years ago. But better times possibly are ahead for the following reasons.- By Malcolm Stacey |
- 17 July 2023, 08:10 |
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The View From The Montana Log-Cabin As Gold Powers Ahead
After a good few weeks plumbing the depths of the $1900’s, Gold pushed higher this week to $1954 – well up on last week’s $1924. Gold stocks surged and all this in the face of higher interest rate expectations (the market was suddenly pricing in another two or even three hikes) and a still rising stock market. Except that US treasury yields weakened! This is, of course, not how it is supposed to play out – in the shorter term, the Gold price has had a habit of not doing what one might expect.- By Nigel Somerville |
- 16 July 2023, 18:00 |
Video: The Current World Order is Breaking Down, buy gold AND Bitcoin
Nick Giambruno, founder of The Financial Underground and Editor-in-Chief of the Contra Speculator is the sort of conspiracy theorist I like my wife to listen to in order that she realises how moderate and mainstream I really am.- By Tom Winnifrith |
- 16 July 2023, 14:51 |
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Tom Winnifrith Bearcast: I've always seen R&D tax credits as a system abused, now the Government seems to agree
I start on the matter of R&D tax credits. Maybe readers can help by nominating companies such as Deepverge (DVRG)) and, I think, Versarien (VRS) which have taken the piss in this regard and maybe in for a nasty shock. Then on to UK house prices and why Malcolm is so 100% wrong on housebuilding stocks, and the UK and US General Elections next year. On the latter the polls really are a damning indictment of American politics.- By Tom Winnifrith |
- 16 July 2023, 14:41 |
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The ShareProphets Sunday Pub Quiz #197
It's time for the ShareProphets Sunday Pub Quiz.. There are no prizes! And remember, no Googling!
- By Darren Atwater |
- 16 July 2023, 13:53 |
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Sunday Long Reads: Ron DeSantis, Flying Czech Go Cart, Leslie van Houten, Extreme Hoarding, Quiet Life
Sunday is a good time to sit back, read, and forget about shares. Put the kettle on, find a comfy chair. You have the time, don't you?
- By Darren Atwater |
- 16 July 2023, 10:53 |
Visual Aid: The Countries Buying Fossil Fuels from Russia in 2023
While Russia’s revenues from fossil fuel exports have declined significantly since their peak in March of 2022, many countries are still importing millions of dollars a day worth of fossil fuels from Russia.
- By Darren Atwater |
- 16 July 2023, 10:50 |
Notes from Underground – Most read articles for the week ending 15 July
The most read non-Quiz, non-Tom article last week is by Chris Bailey, More headlines for BT Group's long-suffering shareholders to think about, at No 1 or No 2 including Bearcasts.
- By Darren Atwater |
- 16 July 2023, 10:44 |
Video: Gold – Inflation Hedge or Real Rate Correlation
Analyst Michael Singleton explains his approach to the financial markets and business cycles, which are broken down into growth cycle, inflation cycle, and policy cycle. He believes the current inflationary picture is near its end but wage growth is still high. Mike says that the stock market has the highest correlation to the ISM manufacturing PMI, and that it’s important to pay attention to market history and study cycles for guidance.- By Tom Winnifrith |
- 15 July 2023, 15:59 |
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Tingo Group: A Matter Of Time
Since I last wrote on Tingo (US:TIO) in late May, the share price has collapsed principally due to a devastating report from Hindenburg Research which demonstrated beyond any reasonable doubt that the company is a complete sham. That it was prepared to call it out as a “brazen fraud” after presumably running this by its lawyers is instructive.- By Lucian Miers |
- 15 July 2023, 15:44 |
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Tom Winnifrith Bearcast: Is IOG or Rishi Sunak the bigger zero?
In today's podcast I discuss the idea that you can cure inflation without pain, public sector pay hikes and folks paying their mortgage with a credit card. I look at the idea of abolishing inheritance tax in such a context: does Rishi Sunak really have a death wish for his party? Then it is onto Zoo Digital (ZOO) again and onto IOG (IOG).- By Tom Winnifrith |
- 15 July 2023, 15:37 |
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TT Electronics – a recovery BUY
Shares in ‘engineered electronics for performance critical applications’ company TT Electronics (TTG) were above 200p as recently as April, but are now available at a 153p offer price. Following an AGM trading update in May and with half year results scheduled for 3rd August, we now consider the shares a recovery Buy.- By Tom Winnifrith & Steve Moore |
- 15 July 2023, 09:49 |
Zoo Shares Topple Down a Bear Pit, But I Still Ain't Selling.
Hello Share Shapers. A Sheffield outfit that dubs and sub-titles tv and films has issued a worrying update that sent the shares down 27%. Which is embarrassing for me having previously let it be known I had high hopes of Zoo Digital (Zoo). Though not recently.- By Malcolm Stacey |
- 15 July 2023, 09:29 |
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Tom Winifrith Bearcast: Preening and greedy actors get to learn how it feels to be a fired supermarket worker: good!
I start with why I have reported a Predator Oil & Gas (PRD) shareholder to the Leicestershire OId Bill - #BoycottWoodlandsWholesaleNursery. I've had enough of it all and sooner or later some moron is going to get his collar felt. Bring it on. Then it is onto Versarien (VRS), Zoo Digital (ZOO), actors and porn actors and the march of AI, MGC Pharmaceuticals (MXC) and Argo Blockchain (ARB) whose shares are surging.- By Tom Winnifrith |
- 14 July 2023, 15:31 |
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Zoo Digital – shares further slump on “trading update”, just how bad is today’s news for Malcolm Stacey & co?
Previously writing on group describing itself as “a leading provider of end-to-end cloud-based localisation and media services to the global entertainment industry” Zoo Digital (ZOO), in February as the shares rose to 184.5p I wrote ‘adoption by a major Hollywood studio’, but how “delighted” should Malcolm Stacey & co be?, cautioning that the valuation looked to factor in much further growth though that it still had to prove it could deliver even current numbers. The shares most recently closed at 104.5p… and what of today a “trading update” and the shares currently falling below 75p?!
- By Steve Moore |
- 14 July 2023, 14:45 |
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I despair at the way some companies use social media and how they leave themselves open to accusations of market abuse - the latest being Mosman Oil and Gas
With the FCA continuing to pretty much ignore market abuse at the lower end of AIM, it has become almost the done thing for some insiders to try and manipulate the price of shares, whilst knowing that an equity fundraise is being worked.- By Gary Newman |
- 14 July 2023, 11:41 |
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More ouzo needed – Massive new vindication: MGC Pharmaceuticals keep the lights on placing at just 0.12p
Shares in this dreadful company were 2.25p with the company capitalized at £70 million on January 11 2022 when I published a, crammed with red flags, dossier. Bulletin Board critics and advisers said I had it all wrong. Today the shares have collapsed by another 55% to just 0.115p after a bailout placing and warning that the Fat Lady may have a gig. More ouzo for a once again vindicated sheriff who has warned folks so many times.- By Tom Winnifrith |
- 14 July 2023, 10:35 |