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Virgin Wines UK – “significant progress” on a strategic focus…or not?
Online wine retailer Virgin Wines UK (VINO) has announced what it describes as “significant progress” with its strategic focus on commercial partnerships with “a new strategic partnership with WH Smith Travel”. So what of a share price currently further down, to below 30p?- By Steve Moore |
- 6 July 2023, 11:24 |
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Is it only Frasers Group and myself who think shares in Currys are cheap? Yes they really are!
The audited results for its year ended 29 April 2023 from Currys (CURY) this morning have hardly pleased the market, taking the shares back to levels not seen since the dodgy world of 2008-2009. Am I wrong to think the stock is worth 80p plus a share, or am I missing something mega (beyond an obviously mixed consumer, who purchased a bunch of new TVs, dishwashers and computers during the lockdown)?- By Chris Bailey |
- 6 July 2023, 10:39 |
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Canadian Overseas Petroleum Limited trading update is er….limited, it's still a zero in waiting
Canadian Overseas Petroleum (COPL) has served up a Q2 of calendar 2023 operations update with all the usual turd polishing and omissions you would expect from a company teetering on the verge of bankruptcy. Let’s start with output: an average of 1,250 boepd. That is a sharp rebound on the dire Q1 but…- By Tom Winnifrith |
- 6 July 2023, 10:34 |
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My view on Emmerson remains unchanged in terms of the chance of success or failure, despite the drop today, and it remains a speculative buy
Emmerson (EML) has taken a big hit to its share price today following news that the regional investment authority hasn’t approved its Environmental and Social Impact Assessment, but I think that the market has over-reacted in marking it down around 40%. As I tipped it the other day HERE, you deserve an immediate update.- By Gary Newman |
- 6 July 2023, 10:21 |
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Pod Point CEO walks with immediate effect: explanation given just does not stack up!
Pod Point (PODP) helps folks with electric cars charge up their motors. It is exactly the sort of green shite that Malcolm Stacey would be all over but today the CEO Erik Fairbairn has walked with immediate effect. The explanation given just does not stack up.- By Tom Winnifrith |
- 6 July 2023, 09:50 |
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Topps Tiles – argues “sales remained strong in the third quarter”, but how strong really is the performance?…
Describing itself as “the UK's leading tile specialist”, Topps Tiles (TPT) has issued a “Q3 Trading Update” commencing that “Group sales remained strong in the third quarter”. With it “confident that adjusted profit before tax in the second half will be materially higher than the first half”, what of a share price still below 50p having reached more than 75p less than two years ago?- By Steve Moore |
- 5 July 2023, 15:50 |
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Tom Winnifrith Bearcast: Visionary Andrew Monk ( Oriel College Oxford) has a cunning plan to transform the economy and to keep the Tories in power
I show you Mr Monk's plan below and explain why it is total bunkum but invite you to comment on it in the comments section below. Then it is on to Bidstack (BIDS) and the sixth stage of grief, Canadian Overseas Petroleum (COPL), at about stage 4, Cineworld (CINE) and more proof that the FCA is useless and finally Alba Minerals (ALBA) and its Welsh pump and dump.- By Tom Winnifrith |
- 5 July 2023, 15:14 |
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A suggestion for Lyin’ James Draper as I like to be helpful
I described earlier how a group of malcontent shareholders in Bidstack (BIDS) are endeavouring to have three directors and possibly the chairman removed and to replace them with the lead malcontent Nick Hargrave. I think their cause is futile but should you really back Mr. Hargrave? I have a helpful tip for Lyin’ James Draper, Bidstack’s useless boss, on how he can fight back.- By Tom Winnifrith |
- 5 July 2023, 14:40 |
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Canadian Overseas – more death spiral conversions at a loss: can you see the writing on the wall yet trolls & morons?
Clearly, holders of the remaining $25.8 million of outstanding death spiral bonds are desperate to get out at any price to reduce their exposure to Canadian Overseas Petroleum (COPL),a company teetering on the bring of insolvency. Today there is news of more conversions at a level where the forward sold shares cannot surely be sold at a profit?- By Tom Winnifrith |
- 5 July 2023, 14:08 |
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Eneraqua Technologies – “the current year is progressing as expected”… but that’s not as expected little more than six weeks ago!
Energy and water efficiency company Eneraqua Technologies (ETP) has issued an “AGM Update” commencing that “the current year is progressing as expected with a high level of activity”. This is stated with Energy business “mix and timing of projects has been as anticipated” and Water business “Control Flow technology continues to make good progress”. The shares have currently responded up to 137.5p, but what of them still being significantly down from above 270p as recently as May?- By Steve Moore |
- 5 July 2023, 13:45 |
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#BoycottMetroBank – its “values” are nauseating and its Orwellian approach to free speech despicable
If I had had surgery when I was a kid to help me be what I wanted to be and thought I was, I would today have only one leg and one eye. I would not be a proper pirate but I could at least identify as Long John Silver. These days some folks think kids should have whatever they want to help them be what they want. If they want to “transition” so they can change gender it is fine to pump them with chemicals and start snipping here and there. So what if 25% of folks who do transition regret it and what to change back, lets pump the teenagers full of hormones. Do you think this is repulsive, I do. But dare I say that?- By Tom Winnifrith |
- 5 July 2023, 12:20 |
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AO World may have made an actual proper profit…but I still prefer Currys
I am a bit grumpy about SIG plc (SHI) saying that the rather mixed world means that, despite it expecting to deliver a “full year underlying operating profit within the current range of market expectations”, it expects it to be “towards the lower end of that range”. I am not hugely surprised, but my instinct is that the stock is still worth holding onto and, following its formal H1 numbers on 8th August, I will write more (and might even buy a few more shares as it is one of my smallest positions). A bit more fun for next month, but today I want to talk about AO World (AO.).- By Chris Bailey |
- 5 July 2023, 11:37 |
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Quiz plc – full-year results. Recent cash burn only “partially” reflecting investment?…
Previously writing on ‘dressy and occasion wear’ fashion company Quiz plc (QUIZ), in April with the shares falling to 13p I wrote emphasises “positive performance during the year”, but what about now? – including concluding ‘also without the pent-up demand benefit this year, I suggest there is some visibility on a deteriorating performance and would be very cautious ahead of an update with results expected in July’. Today that update – and the shares, having previously closed at 10.65p, are currently down at 9p. So how’s the trading performance?
- By Steve Moore |
- 5 July 2023, 11:35 |
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UPDATED: Tintra – unwinds Convertible Loan Note but deceives on cost of exiting the facility
In today’s RNS Tintra (TNT) says that it has repaid the “placement facility” and stated:- By Tom Winnifrith |
- 5 July 2023, 09:33 |
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UPDATED: Bidstack – Trouble at t’ Mill: shareholders want boardroom sackings, Merchant banker/twitter troll to the rescue?
Still trying to negotiate a death spiral in order to avoid a looming insolvency, hopefully being investigated by AIM Regulation for not flagging up revenue/cash issues before the last placing, you thought things could get no worse for cash guzzling Bidstack (BIDS)? Think again…- By Tom Winnifrith, the Sheriff of AIM |
- 5 July 2023, 08:43 |
No Heartbreak at this Hotel as More Rooms are Sold Despite Some Higher Prices
Hello Share Choosers. Having just returned from an exotic weekend break in Doncaster, I can attest that the hotel trade is even healthier than it was before Covid. There are a lot of people travelling and partying as they work hard to make up for lost time. I treated myself to a stay at the famous Earl of Doncaster for a golden wedding, but like most folks I usually choose something at the cheaper end of the market. Like Travelodge or Premier Inn.- By Malcolm Stacey |
- 5 July 2023, 08:10 |
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Strix – “pleased to report an improved trading performance”, but how significant is the improvement?
Kettle safety controls and other water temperature management components group, Strix (KETL) has issued an AGM statement commencing “We are pleased to report an improved trading performance and can confirm that profit after tax for the full year remains in line with market expectations”. But what does that mean specifically and in relation to a share price currently responding up to above 105p?- By Steve Moore |
- 4 July 2023, 15:49 |
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AIM Market June 2023 statistics – the decline continues: on track for worst IPO year in its history
The AIM Market statistics for June 2023 have arrived. And the self described “world’s most successful growth market” has had another shocker.- By Tom Winnifrith, the Sheriff of AIM |
- 4 July 2023, 15:45 |
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Tom Winnifrith Bearcast: the Mrs is today's person from Porlock
Yes she is back from her conference and stops recording. Before that I talk about Nigel Farage and Coutts and the sex education talk at Joshua's school yesterday. Then it is onto Naked Wine (WINE), MGC Pharmaceuticals (MXC), Eden Research (EDEN) and trakM8 (TRAK).- By Tom Winnifrith |
- 4 July 2023, 14:53 |
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Restore – trading and board updates, too much was indeed demanded to meet even recently-lowered expectations!
Describing itself as “the UK's leading provider of digital and information management and secure lifecycle services”, Restore plc (RST) has issued an update including of “weakness in its Technology business, a reduction in demand for certain service lines since the last update”. That is particularly not good as that ‘last update’ was also a profit warning!- By Steve Moore |
- 4 July 2023, 13:50 |