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Tom Winnifrith Bearcast: Powerhouse accelerates its rush to insolvency with dirty related party deal
I start on the 0.5% hike in base rates: who is to blame? What does it mean for house prices, recession, corporate insolvencies and the next General Election? Then I look at Oracle power (OCP), Contango (CGO), Shanta Gold (SHG), More Acquisitions (TMOR) which is treating Doc Holliday very badly, Bidstack (BIDS) - target now zero - and Powerhouse Energy (PHE), ditto.- By Tom Winnifrith |
- 22 June 2023, 14:10 |
Biome Technologies – emphasises “significant achievement” contract win, but what’s the bottom-line outlook?
Biome Technologies (BIOM) has announced that its Stanelco RF Technologies division has been awarded a contract “to supply a novel induction furnace system to a global manufacturer of scientific glass products… The first major contract with this customer and in the sub-sector of the scientific glass industry… One of a number of opportunities that are currently in contract discussions”. Sounds good, and what of a current approaching 8% higher share price response to 137.5p?- By Steve Moore |
- 22 June 2023, 14:09 |
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UPDATED: Breaking – Is Contango Doc’s next disaster? URGENT statement needed ASAP!
Contango (CGO) is a Zimbabwe coal play penny dreadful ramped aggressively and persistently by the Scouse promoter Doc Holliday for two years. But as with other disasters like Chesterfield Resources (CHF), Versarien (VRS) and More Acquisitions (TMOR) where the fat Lady is already juggling diary dates, it’s been a piss poor investment. But now a statement is needed ASAP as it could get far worse- By Tom Winnifrith |
- 22 June 2023, 13:53 |
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DS Smith – strong name, lowly respected but attractively valued. BUY
Whilst most City analysts are focused on the latest thoughts from the Bank of England, this morning I am thinking more about the latest set of full year numbers from DS Smith (SMDS), a company which I last wrote about in March and regarded then as cheap with a decent dividend yield. What do I think now?
- By Chris Bailey |
- 22 June 2023, 11:55 |
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The multi billion fraud Tingo credit rating suspended: how long will Deloitte lend its credibility to these shysters?
When even your Nigerian credit rating agency smells a rat you know you are deep in the merde. But the Lyin' Chris Cleverly fraud Tingo (US:TIO) has just suffered such an indignity.- By Tom Winnifrith |
- 22 June 2023, 11:41 |
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DG Innovate – another fundraise it states is ‘primarily for the company's commercialisation strategy’. Is it fooling itself or trying to fool everyone else?
DG Innovate (DGI) states that it “is pleased to announce that the company and Peterhouse Capital Limited have conditionally raised gross proceeds of £517,000… at 0.05 pence per share, subject to the passing of capital reorganisation resolutions at the company's Annual General Meeting… The funds raised will primarily be used to fund the company's ongoing commercialisation strategy for its Enhanced Drive Technology and Enhanced Battery Technology”. How ‘pleasing’ then is this?- By Steve Moore |
- 22 June 2023, 11:18 |
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BREAKING: More Acquisitions – this is just not cricket gents, a company is owned by its shareholders don’t you know? Allegations of market abuse
I have now seen the paperwork that More Acquisitions (TMOR) received from the scouse share promoter Doc Holliday requesting a sack the board EGM. And it looks kosher to me yet the company’s response is baffling and shameful. Especially in light of clear allegations of market abuse.- By Tom Winnifrith |
- 22 June 2023, 10:48 |
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BREAKING: Shanta Gold – surely this is price sensitive so should be an RNS not part of a Proactive ramp?
Last night Shanta Gold (SHG) gave a presentation at Proactive Investors. Paying for proactive to ramp your shares is always a bit of a red flag but I reckon Shanta shares are cheap notwithstanding that. However slide 4 of 18 raises, to say the least, eyebrows. It states:- By Tom Winnifrith |
- 22 June 2023, 10:03 |
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Letter to AIM Regulation: Bidstack, Azerion and the £10m placing last October
Following yesterday’s bombshell EXPOSE article HERE I have written to the Oxymorons at AIM Regulation about Bidstack (BIDS) asking for a full investigation into whether it duped punters ahead of last October’s £10 million placing and retail offer at 2p.- By Tom Winnifrith, the Sheriff of AIM |
- 22 June 2023, 09:47 |
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Tom Winnifrith Bearcast: feck off James from Selby you deserve to lose your house and go bust
I start with bollocks talked all round today about bailing out those suffering mortgage misery. Blah, blah, blah. Then it is on to bitcoin and Argo Blockchain (ARB), a deep dive into the stinkiest deal done in eons, Hydrogen Utopia (HUI) is the culprit. Then I look at Conroy Gold & Natural Resources (CGNR), more nonsense from Chill Brands (CHLL) and why Bidstack (BIDS) may go bust and why I hope it goes bust. En passant, I mention Cook's Coffee (COOK) and the disgraced Andrew Monk who IPO'd it.- By Tom Winnifrith |
- 21 June 2023, 16:06 |
i-nexus Global – fundraise with the business “having made good progress”. But has it?...
i-nexus Global (INX) has announced that it is proposing to raise £0.5 million via convertible loan notes, stating that it “felt that the time was right to provide the business with a cash buffer to enable a greater focus on the execution of the strategy”. What of a current share price response up to 4.4p?- By Steve Moore |
- 21 June 2023, 16:05 |
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BREAKING: If Sharesoc was a listed company, Sharesoc would be red flagging serious questions over Sharesoc’s annual report
Sharesoc claims to be the voice of British private investors. Do the maths! It charges £45 for an annual membership and membership income in 2022 fell to just £42,509 meaning that it had just 944 and 2/3 members. That is less than ShareProphets and not exactly the sort of army that allows it to claim to speak for anyone, let alone to be the mouthpiece for the hundreds of thousands of mug punters in the UK*.- By Tom Winnifrith |
- 21 June 2023, 14:54 |
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BOMBSHELL EXPOSE: Bidstack Annual Report out – the hidden horrors of greed and questions about the last placing
Yesterday we had the dismal prelims from Bidstack (BIDS) with the confession that it is talking to a death spiral provider to stave off a gig with the Fat Lady. Today the annual report is out and it contains fresh horrors hidden deep in the notes.- By Tom Winnifrith, the Sheriff of AIM |
- 21 June 2023, 14:15 |
Live Company Group – argues “delighted to welcome MHA onboard”, but shareholders to currently be far from delighted!
Live Company Group (LVCG) Chairman David Ciclitira is “delighted to welcome MHA onboard and expect that the June accounts will be published by the end of July. We are now able to look forward to updating our shareholders on a webinar to be announced shortly”. So why have the shares currently responded approaching 30% lower to 1.35p?!- By Steve Moore |
- 21 June 2023, 14:05 |
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Halfords is keeping its motor running for me (as an investor)
A couple of months ago, I observed that “Halfords (HFD) shares are still set to continue motoring along”. And, as I am the boring sort of person who notices how many people are going in or out of my local Halfords store, I am not surprised that its preliminary results are absolutely fine. Do I still though believe that the company’s shares can offer a c.25% appreciation scope and pay a decent, more than 4%, dividend yield?
- By Chris Bailey |
- 21 June 2023, 10:52 |
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Tekmar – interims emphasising ‘positive adjusted EBITDA’, but what does it really mean?…
Describing itself as “a leading provider of technology and services for the global offshore energy markets”, Tekmar Group (TGP) has announced results for its half year ended 31st March 2023, emphasising that it “can look forward now with real confidence to leveraging our lead position as the market accelerates its investment in offshore wind”. So what of a share price currently up towards 11p in response, though still down from above 17p even early this year?- By Steve Moore |
- 21 June 2023, 10:39 |
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Two Questions Andrew Monk of VSA Capital just will not answer
The first relates to VSA Capital (VSA) itself, the second to Cook’s Coffee (COOK) an abomination of an IPO VSA inflicted on the Aquis Losbter pot late last year. Monk, who normally loves the sound of his own voice especially when mentioning that he went to Oriel College Oxford seems strangely silent on these two matters- By Tom Winnifrith, the Sheriff of Aquis |
- 21 June 2023, 10:18 |
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BREAKING: Shameless David Lenigas does Leni-Maths on twitter to ramp insolvent Pennpetro - no Nomad would allow this bollocks
You may remember that when Big Dave was at UK Oil & Gas (UKOG) right at the start of the Horse Hill farce, AIM regulation stepped in to force a retraction of claims that the area contained 6 billion barrels of oil. It seems that Big Dave is at it again.- By Tom Winnifrith |
- 21 June 2023, 08:05 |
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Advanced Oncotherapy – Calamity As Odey Dumps, will Crispin & all the ex receptionists sing the ShareProphets National Anthem?
Shares in AIM-listed calamity Advanced Oncotherapy (AVO) fell to just 2.875p per share yesterday, just ahead of its low point in March, as Odey Asset Management (now minus Mr Odey banned by the FCA as a sex pest) was announced to have been dumping stock. Given that Odey still has around 10% of the company, this is calamitous news for shareholders – and much worse for Odey’s clients.- By Nigel Somerville |
- 21 June 2023, 08:03 |
Jolly Green Battery Pioneer could Energise its Ailing Share Price
Hello, Share Takers. Though Uncle Tom ain’t a fan, I still have high hopes of a recovery for Ceres (CWR), the clean battery firm. Though of course, with his record of identifying poor investments, Tom should always be taken seriously, I think his pessimism about this outfit is misplaced.- By Malcolm Stacey |
- 21 June 2023, 08:00 |