premium content
Powerhouse Energy’s shit show annual results with a £46m loss show previous balance sheets were a total fantasy
On the last possible day, Powerhouse Energy (PHE) has released annual results for calendar 2022 showing sales (nearly all related party) of just £380, 277 and, while the company wants you to look at gross profits of £84,000 it actually racked up an operating loss of £2.1 million and a pre-tax loss of £46,353,704. Yes that is almost a million quid a week loss at the pre-tax level.- By Tom Winnifrith |
- 30 June 2023, 11:56 |
Video: Fed, Banks, and the Potential for Rapid Contagion offers a multi-generational opportunity in gold stocks
Asset manager Lawrence Lepard of Equity Management Associates is another cheery fellow, viewing the world economy as a construct where the rivets holding it together are continuing to snap. He says that we have had a number of bank failures in a matter of weeks, part of a larger pattern going back years and we are seeing large commercial mortgage failures and companies walking away. Lawrence believes more pain is yet to come in the banking sector, with one to two trillion in write downs. He says that the Fed is likely to intervene once again, and something is likely to break soon- By Tom Winnifrith |
- 30 June 2023, 11:15 |
premium content
Chilling on the final day of the month, quarter and first half of the year
When it is the last day of the month as well as the quarter and the first half of the year, I generally find most institutional investors are just fiddling around with their portfolios. After all, there is bound to be at least one important portfolio appraisal that be undertaken. It is no wonder that I read that certain loved-up mega caps are kicking around all-time highs, whilst some rather iffier selections have been quietly moved away from. It is all good fun!- By Chris Bailey of Financial Orbit |
- 30 June 2023, 10:12 |
premium content
EXPOSE: It is all smoke & mirrors from the fraud Supply@ MeCapital – complex related party deal which disguises true loss on sale of Tradeflow, £14m claimed proceeds are in fact ZERO.
Alessandro Zamboni loves a complex deal and today’s related party deal to sell 81% of Tradeflow Capital back to its vendors is a classic.It manages to conjure up a valuable headline price for the sale of Supply's 81% stake in TradeFlow of £14,386,100 misleadingly described as the “Cash Quantum” which gets the Bulletin Board Morons excited when the reality is that Supply@ME Capital (SYME) will get just £2 million from Zamboni’s private vehicle The Advantgarde Group which results in a reduction in the £2.8 million working capital facility that TAG had previously provided. So on the headline sale Supply gets no more cash than it had yesterday and is thus insolvent.
- By Tom Winnifrith |
- 30 June 2023, 10:03 |
premium content
Canadian Overseas: maybe Gary was wrong and I was right after all? More confetti vicar?
Yesterday, in bearcast, I noted that Gary and Lucian were saying that the death spiral provider would not forward sell shares and then convert loan notes as the price was too low and maybe they were right about this and I was wrong. Well maybe not.- By Tom Winnifrith |
- 30 June 2023, 09:47 |
premium content
BREAKING: Advanced Oncotherapy some bears are on the pitch, they think it’s all over….it is now!
At Sheriff and Deputy Sheriff Towers it is lashings of ouzo on the cornflakes today as Advanced Oncotherapy (AVO) has suspended its shares pending clarification of its financial position. That won’t take long: it’s bust! Folks really cannot say that both the Sheriffs did not warn the that this would end in tears more than 300 times over so many years as you can see HERE- By Tom Winnifrith, the Sheriff of AIM |
- 30 June 2023, 08:19 |
premium content
Tern – AGM Disaster Leaves Tern Moribund As It Sticks Up Two Fingers
AIM-listed jam-tomorrow investment company Tern plc (TERN) announced the result of its AGM yesterday: CEO Al Sisto was given the boot and the company can’t issue shares. So the company announced that Mr Sisto remains an employee as it stuck two fingers up at its own shareholders.- By Nigel Somerville |
- 30 June 2023, 08:13 |
premium content
AMTE Power – shares jump on ‘battery challenge’ and UN Certification announcements. Good news then? Er…
There are “UN Certification of Ultra High Power Cells” and “Faraday Battery Challenge” titled announcements from AMTE Power (AMTE) today and the shares are currently more than 33% higher in response to 6p. Good news then?- By Steve Moore |
- 29 June 2023, 15:10 |
premium content
Tom Winnifrith Bearcast: Nigel Farage vs the Banksters
I have many criticisms of Nigel Farage but it seems that he is being persecuted by the banksters. Before you laugh, it could happen to you too. This is not good. I then look at Canadian Overseas Petroleum (COPL) where Gary points out a minor error I have made, Eden Research (EDEN), Echo Energy (ECHO), Premier African (PREM) and Tinybuild (TBLD). I forgot to ask in this podcast how Zeus Capital can be advising both Boohoo.com (BOO) and also Revolution Beauty (REVB) as they engage in such vicious verbals?- By Tom Winnifrith |
- 29 June 2023, 14:33 |
premium content
Verditek utterly piss poor results (again) and a hidden & dishonest material uncertainty warning: it could go bust before August
You have to look long and hard to find the “material uncertainty” warning and most of the morons suckered into this stock by disgraced share Tipster Mike Walters of 3DM, Polly Peck, Minmet, etc, etc infamy and by the lies and bogus contracts announced by the company are too damn stupid to look. If the do the warning is utterly misleading. Verditek (VDTK) faces another imminent cash crisis and could go bust before the start of August.- By Tom Winnifrith |
- 29 June 2023, 12:18 |
premium content
Cash and “Danny” De La Rue…
When I was somewhat younger, the world of “Danny” De La Rue (DLAR) was quite exciting. As you may (or may not) know, the original business run by Mr de la Rue in 1831 secured a Royal Warrant to produce playing cards…and you can guess how it rolled from there, via postage stamps and then banknotes. I am pretty sure that the company used to be in the FTSE 100 many years ago, but I have written a few times over the years about the challenges it has faced. As the c. 92% fall in the share price over the last five years shows, it correctly has been an aggressive avoid for a while now. Are today’s FY23 numbers showing anything different?- By Chris Bailey |
- 29 June 2023, 12:03 |
premium content
tinyBuild – from AIM Awards 2021 “Best Newcomer” nominee to now a cash-burning trading update disaster (natch!)
TinyBuild (TBLD) has issued a trading and directorate change announcement ahead of its AGM. What’s the news from a company which describes itself as “a premium video games publisher and developer with global operations” and was an AIM Awards 2021 “Best Newcomer” nominee?
- By Steve Moore |
- 29 June 2023, 11:53 |
premium content
Did the Premier African share price crash have a knock on impact on Canadian Overseas? Is there more to come and will Premier trading be suspended?
Overuse of leverage can cause investors a lot of problems when they get things badly wrong, but an often unforeseen consequence of that is the knock-on effect that it can have on other shares as well.- By Gary Newman |
- 29 June 2023, 11:44 |
premium content
Ouzo Man says Moonpig numbers all smoke & mirrors, they are certainly piss poor
Ouzo man is short so talking his own book. His point is on how Moonpig (MOON) seeks to draw attention away from what appears to be an alarming increase in net debt. He tweets:- By Tom Winnifrith |
- 29 June 2023, 11:07 |
premium content
Dishonest Pantheon Resources: Nobody likes us but shareholders should care – STILL a stonking SHORT
Peter Brailey and myself have been long term bears of Pantheon Resources (PANR), with Peter making a short thesis at 121p the centre of his ShareStock presentation in 2022. Who will he expose this year? The shares are now 12.5p after a presentation yesterday which revealed the dishonesty at the heart of this worthless POS. Even at this level the market cap is £120million and it is s stonking short.- By Tom Winnifrith |
- 29 June 2023, 09:35 |
premium content
Volex – full-year results, acquisition and equity raise, Buy
Power and data transmission products company Volex (VLX) has announced results for its year ended 2nd April 2023 and an acquisition and related fundraising. So what of a 283p share price?- By HotStockRockets |
- 29 June 2023, 09:15 |
premium content
Severfield – positive full-year results, still a growth and value Buy
Structural steel company Severfield (SFR) has announced its results for a year ended 25th March 2023 that it describes as “very successful” and that, given its performance to-date and the strength of its order books, it is confident of delivering further progress.- By Tom Winnifrith & Steve Moore |
- 29 June 2023, 09:05 |
premium content
Revolution Beauty – a “multi-channel mass beauty innovator”?, currently more like a shareholder democracy manipulator...
Describing itself as a “multi-channel mass beauty innovator”, Revolution Beauty Group (REVB) has announced its shares restoration to trading on AIM following its AGM – with Chair Derek Zissman stating that “the board is delighted that trading in the company's shares will resume this morning. We believe that the restoration of liquidity is in the best interests of all of our shareholders”. Who is the move particularly in the interests of though, Derek?- By Steve Moore |
- 28 June 2023, 16:17 |
premium content
Stagnant market sees property stock levels surge by 15% - what does that mean for house prices? Whaddya think...
I know that I slam journalists who just cut and paste press releases but this one is so interesting I do just that. It comes from property purchasing specialist, the House Buyer Bureau. And it reads:- By Tom Winnifrith |
- 28 June 2023, 15:48 |
premium content
Tom Winnifrith Bearcast: Optibiotix is a BUY & Thames Water makes me sound like a Guardian reading commie
I start with the scandal and it is a scandal at Thames Water even if the greedy trougher of an ex CEO was a bird. Sure diversity blah, blah, blah. Then it is onto a reader request on Gemfields (GEM), Predator Oil & Gas (PRD), Seed Innovations (SEED) - its own worst enemy - and finally Optibiotix (OPTI) and Skinbiotherapeutics (SBTX). At least listen to what I have to say before abusing me!- By Tom Winnifrith |
- 28 June 2023, 15:38 |