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 |
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My view remains, if Burberry shares fall back below a twenty quid share price, that would be chavtastic
A big mistake - in my opinion - that many investors make is knowing more and more about less and less. Facts do not exist in a vacuum, and this is why smart investors do a lot of reading, including a bit of macro research, matters in different corporate markets, make an attempt to understand all sectors (just a little bit), and don’t just look at shares they hold (or like). Personally, I am a complete generalist, a bit of a “Jack of all trades, master of none", even in the investment world. However, that is why I like looking at the luxury goods company Burberry (BRBY), despite never being one of its clients.- By Chris Bailey of Financial Orbit |
- 14 July 2023, 09:46 |
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Versarien – another placing at just 1p, death merely postponed!
Just 1p! Yes you read that right. Gone are the days when Neill Ricketts was dumping shares at almost £2 and mug punters used to discuss whether fair value was £10 or £100 and how to get myself and Lucien Miers killed. That is in the past. Today Versarien (VRS) has raised just £650,000 gross to keep the lights on for another three months. But it is still screwed.- By Tom Winnifrith, the Sheriff of AIM |
- 14 July 2023, 09:05 |
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A Predator shareholder responds to my expose of the menacing tweets of twitter troll Lonny Baumgardner
Yesterday I pointed out the latest menacing twitter tweet of Predator Oil & Gas (PRD) boss Lonny Baumgardner HERE. Quite simply, normal CEOs do not behave like that anyone with half a brain cell can see that it is a red flag. Sadly, Keith Quick does not seem to have half a brain cell but instead has the IQ of a cheese sandwich..- By Tom Winnifrith |
- 14 July 2023, 09:02 |
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Just what is the SEC waiting for? Another $110m fraud by Chris Cleverly's Tingo
Nate Anderson of Hindenburg Research is not letting go. His latest tweet shows another utterly blatant bit of fraud by Tingo (US:TIO) generating another completely bogus $110 million of sales no doubt on a high margin! This who compay is fake, its sales,its operations, its profits its reported cash. Stevie Wonder can see that, So what the hell is the SEC doing not closing it down and arresting Cleverly, Darren Mercer and Dozy Mmobousi? Moreover..- By Tom Winnifrith |
- 14 July 2023, 08:10 |
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Twitter troll Oliver Smith reckons abusing a 22 year old girl will save his investments in Eurasia, Kavango and Avacta
I wonder if Oliver Smith has a wife and kids. Or an employer. What would they think of him abusing a 22 year old girl on twitter as you can see below?- By Tom Winnifrith |
- 14 July 2023, 08:01 |
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"Heads I win (big), tails you lose" - is James Parsons the worst value destroyer on AIM? The hard data
Yesterday I looked at the appalling value destruction at Mosman Oil & Gas (MSMN) and asked if there was any worse record on AIM. A kind reader suggests that i look at that of Mr James Parsons.- By Tom Winnifrith |
- 14 July 2023, 08:01 |
Dr. Martens – emphasises some “very good growth” in line with expectations, but what’s the current bottom-line reality?
Footwear brand company Dr. Martens (DOCS) has issued an AGM trading update including that trading since the start of its financial year has been in line with its expectations, with some “very good growth in both EMEA and APAC, with continued strength in retail as traffic recovers post covid, and good ecommerce growth”. With the shares still down from above 170p as recently as May to 128p, how’s the valuation looking now?- By Steve Moore |
- 13 July 2023, 15:35 |
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Tom Winnifrith Bearcast: chatting with Lucian, now 100% bored with gold: what are we both missing?
Firstly thank you on many messages re Olaf and her First. Then news that I am restarting the video shows and in that vein I had a long chat today with Lucian about gold and also Canadian Overseas Petroleum (COPL). I mention 4 gold stocks I own. Then it is onto MusicMagpie (MMAG) and Mosman Oil & Gas (MSMN) and a contest. Can anyone find a listed share, still listed, with a worse share price record than Mosman?- By Tom Winnifrith |
- 13 July 2023, 14:50 |
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Ilika – full-year results emphasise “scale of the opportunities”, but what about the scale of the cash burn?
Describing itself as “a pioneer in solid-state battery technology”, Ilika (IKA) has announced results for its year ended 30th April 2023 emphasising “delivering the first batches of Stereax batteries to customers” and “entering into a memorandum of understanding with our US-based manufacturing partner, Cirtec Medical”. So what of a current share price response to 33p, down over 7%?- By Steve Moore |
- 13 July 2023, 14:25 |
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Predator's Lonny Baumgardner issues bully boy tweet, plus ca change
As I found out to my cost, anyone who questions the bull case for Predator Oil & Gas (PRD) will be threatened by its thuggish boss Lonny "the prick" Baumgardner. Lonny, whose company will do anything to avoid issuing a prospectus, as it raises cash again and again and again, is at it again. You have been warned:, those chaps at Predator don't like it up 'em- By Tom Winnifrith |
- 13 July 2023, 12:52 |