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CAP-XX – by ‘intended that the majority of placing proceeds are for working capital’, it actually means they are for it to avert being placed into administration!
Writing yesterday on CAP-XX (CPX), describing itself as “a leader in the design and manufacture of thin, flat supercapacitors and energy management systems” and with its shares up to 0.275p, I concluded that its financial position meant I wouldn’t want the risk of holding the shares. So what of today a placing announcement?
- By Steve Moore |
- 22 March 2024, 14:23 |
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Tom Winnifrith Bonus Bearcast: Skinbiotherapeutics interims
There were good points. There were bad points. On balance we loyal shareholders should be cheered by this. But this is still nor risk free. I discuss in detail.- By Tom Winnifrith |
- 22 March 2024, 14:11 |
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Trakm8 warning but it is what it does not say that might turn well known fans to drink
There should be a celebratory ouzo for the perma bear. For thirsty bloggers who used to work in a shop, today’s lack of profits warning from TrakM8 (TRAK) will mean that many sorrows need drowning. What is said is bad enough. What is not said is really frightening. It's the balance sheet stupid!- By Tom Winnifrith |
- 22 March 2024, 10:57 |
Zotefoams – reports 2023 “record profit alongside significant investment”, BUY
Materials technology company Zotefoams (ZTF) has announced its results for the 2023 calendar year headlined “Record profit alongside significant investment in our ReZorce recyclable packaging solution”. That sounds like further good news from a current 354p share price.- By HotStockRockets |
- 22 March 2024, 09:49 |
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Tirupati: Who do you think you are kidding Mr. spoofer?
Tirupati Graphene (TGR) is drowning in corporate governance red flags as documented HERE and has an urgent, and admitted, need for cash. What’s not to like? And so today there is an RNS, appointment of joint broker. Tirupati’s newly appointed MD explains why CMC Markets, the spread betters, are joining the, under FCA investigation, spivs at Optiva as joint brokers:- By Tom Winnifrith |
- 22 March 2024, 09:47 |
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Bodycote – 2023 results, still confident for further progress value
Describing itself as “the world's leading provider of heat treatment and specialist thermal processing services”, Bodycote (BOY) has announced its results for the 2023 calendar year headlined “Another year of strong growth and margin progression”. That sounds good and what does it suggest ahead for a share price up in response to 647p?- By Tom Winnifrith & Steve Moore |
- 22 March 2024, 09:11 |
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BREAKING: The FRAUD Supply@ME Capital: Never in the history of the stockmarket has a company talked such bollocks
Here are the facts. And it is the facts which show why the fraudsters at Supply@ME Capital (SYME) are talking such complete and utter bollocks in today’s RNS. It really is Alice in Wonderland stuff. The FCA should be all over this. Of course it is not as it is not fit for purpose.- By Tom Winnifrith |
- 22 March 2024, 09:05 |
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Caption Contest: Brown Envelope man touting for business in the Carlton Club TODAY edition
Sordid, greedy, unprincipled and not good with numbers. No that is not Zak Mir but the Tory MPs who, like him, frequent the Carlton Club. Our man on the inside snapped Brown Envelope Man in action TODAY: who says we are not on the pulse at the heart of the City?.. Does any reader know which spiv he is touching up for business so that we can all short his shares? If you know, put your answer in the comments section. Otherwise how about supplying a suitable caption in the same place as you consider the unacceptable face of crony capitalism.- By Tom Winnifrith |
- 21 March 2024, 16:01 |
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XLMedia – shares soar on a disposal agreement at an impressive valuation compared to recent share price levels… but that’s not so further out!
XLMedia (XLM) has issued a “Divestment of Europe and Canada assets” announcement headlined “Binding agreement to sell Europe and Canada assets for a total consideration up to $42.5 million”. What of the shares currently more than doubling to 13.75p in response?- By Steve Moore |
- 21 March 2024, 16:00 |
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Tom Winnifrith Bearcast: The entitlement of the WASPI women & their virtue signalling supporters is nauseating
I start on the WASPI women with whom I have zero sympathy before heading via fake news at the BBC on chocolate bars to inflation and to the gold price. Then it is on to Centamin (CEY), Amaroq (AMRQ) and Ariana (AAU). I cover Avacta (AVCT) and then Technology Minerals (TM1) where I am celebrating yesterday's expose now vindicated but point out the seriousness of its crimes. Yes I shall be reporting this to the FCA.- By Tom Winnifrith |
- 21 March 2024, 15:49 |
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Centamin – FY23 Results: Boring Is Good.....BUY
This morning saw fully-listed Egyptian Gold miner Centamin (CEY) deliver its results for calendar2023 and they were once again on the money. After the rather more chequered history as the current management got its feet under the desk, a third year delivering on production guidance is great to see.- By Nigel Somerville |
- 21 March 2024, 14:18 |
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Avacta: more “news” that proves nothing, valuation is still crackers
Let’s be clear, after the recent £31 million fund raise, with no imminent cash crisis, Avacta (AVCT) is no longer a compelling short at 53p. We perma bears have won, drunk our ouzo and moved on, to the sound of gnashing teeth among impoverished bulletin board poltroons. But when it next starts to run out of cash its shares will collapse. And its valuation, £187 million plus another £40 million when all death spirals are converted looks very chunky indeed for a company whose lead product is not yet in phase 2 trials. Today there is more “news” but it means nothing at all and strikes me as a desperate attempt to keep the shares above the 50p placing price.- By Tom Winnifrith, the Sheriff of AIM |
- 21 March 2024, 13:18 |
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CAP-XX – states litigation settlement terms ‘do not involve payments considered to be material’. I’d suggest all of its payments are currently material!
Describing itself as “a leader in the design and manufacture of thin, flat supercapacitors and energy management systems”, CAP-XX (CPX) has issued a “Litigation Settlement Agreement with Tesla, Inc”-titled announcement including that the terms “do not involve payments to Tesla that the board of CAP-XX considers to be material to the company”. So what about this and shares in CAP-XX currently approaching 50% higher at 0.275p in response?- By Steve Moore |
- 21 March 2024, 13:15 |
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Live Company Group – bailed out with some usurious new financing, and for how long?
Live events group Live Company (LVCG) has announced a fundraising including loans totalling £1.77 million from Chairman David Ciclitira convertible at 3p or 6p per share, that “certain creditors have agreed to take, in shares, their outstanding fees totalling £1,252,839.66 at 3p per share” and that now its “existing businesses expected to be funded for this year”, so what of a current shares-restored-to-trading-on-AIM response down over 50% to below 1p?- By Steve Moore |
- 21 March 2024, 11:12 |
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The Curse of Swanny strikes again: another dud added to the list
How do you make a guaranteed small fortune from AIM and sub Standard List shares? Simple: invest a large one in the worst companies out there. That seems to be the cunning plan of Jonathan Mark Swann. Until today his list of investments where he holds a disclosable stake included:- By Tom Winnifrith |
- 21 March 2024, 10:54 |
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Breaking: Dispensa and the list of unpaid bills, what does this say about other Zamboni/White companies?
Dispensa (DISP) shares have now been delisted from the Standard List meaning that, following a sneaky year end change, in 19 months as a listed company there are no audited accounts covering any of that period. Nor, I bet will there ever be. This is a clear warning for investors in the remaining companies from the Dominic White/Alessandro Zamboni/Carrado Coen gang: Supply@ME Capital (SYME), Eight Capital Partners (ECP), Regtech Open (RTOP) and Max ret Ventures (MAX). Let’s talk unpaid bills.- By Tom Winnifrith |
- 21 March 2024, 10:35 |
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GOTCHA: Technology Minerals confirms death spiral scoop, lies repeatedly and announces a new spiral
Yesterday I reported that disgraced death spiral provider CLG Capital had only provided £600,000 of the first £1 million of a £5 million facility. Telegram group gerbils claimed I was making it up. Guess what? Today my story was confirmed and it shows Technology both lied to investors and broke stockmarket rules on timely disclosure of price sensitive information and lied to investors. And today it lies again..- By Tom Winnifrith |
- 21 March 2024, 08:33 |
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EnSilica – “pleased to announce” appointment of another broker. I wonder why…
Semiconductor circuits company EnSilica (ENSI) has announced that it “is pleased to announce the appointment of Singer Capital Markets as Joint Broker with immediate effect. Allenby Capital remains as the company's Nominated Adviser and Joint Broker”. Why might it now be “pleased to announce” this, but the current market reaction be a 5.5% share price fall towards 60p?- By Steve Moore |
- 20 March 2024, 15:50 |
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Tom Winnifrith Bearcast: Oh no more emails from Kefi jihadists
In today's bearcast I discuss politicians picking business winners, referencing the Reneuron (RENE) scandal, Kefi Gold & Copper (KEFI), Versarien (VRS), Ben's Creek (BEN), BSF Enterprises (BSFA), Hummingbird Resources (HUM), GRIT and in detail Big Dave Lenigas and Pennpetro (PPP).- By Tom Winnifrith |
- 20 March 2024, 15:27 |
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£15m of taxpayer cash disgracefully spunked as Neil Wooodford backed AIM wonderstock Reneuron finally goes bust
It was back in 2016 that I first flagged up the disgraceful way that Mark Drakeford’s Welsh Government was spunking vast amounts of taxpayers cash in bribing AIM dog Reneuron (RENE) to move its operations from Surrey to the rain sodden post industrial land of sheep molestation.- By Tom Winnifrith |
- 20 March 2024, 14:12 |