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Big Dave Lenigas slated by disgruntled shareholders for NOT ramping shares in a Telegram Group
I kid you not, David Lenigas appears to have gone all shy and one investor in the dog Pennpetro (PPP) has had enough. He tweets & the spelling error is his not mine!:- By Tom Winnifrith |
- 15 June 2023, 10:28 |
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The dog Versarien calls new GM to allow it to do another bailout placing – do the math!
An explicit warning from perma-dog Versarien (VRS) that it is almost certain to do another bailout placing soon might convince even someone as stupid as penny share grifter Doc Holliday that holding these shares is financial suicide. The company has today announced that it is calling a GM to give it the authority to issue more shares.- By Tom Winnifrith |
- 15 June 2023, 09:43 |
Restore plc – “after almost four years of service” CFO to “step down”, though also after recent profit warning...
Describing itself as “the UK's leading provider of digital and information management and secure lifecycle services”, Restore plc (RST) has announced that CFO Neil Ritchie “has notified the board of his intention to step down”. What of this following a “trading update” last month and the shares currently moving down to 267p?- By Steve Moore |
- 14 June 2023, 16:19 |
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Jim Mellon, why appoint these illiterate wokesters? Despite it I am still quite tempted by Agronomics shares
I understand that many listed firms feel the need to hire an IR/PR firm. Actually they should resist the urge, it is just another cost centre and adds no value at all, in terms of generating free cashflow. It is not as if the posh twits who inhabit the world of PR can actually polish turds or turn a good company into a great one, their exorbitant fees subtract from the NPV of a company, they do not add to it.- By Tom Winnifrith |
- 14 June 2023, 15:45 |
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Aptamer – a formal reminder of the caution that should be applied to (ramptastic) RNS Reach announcements
I’ve frequently reminded of the caution that should be applied to RNS Reach announcements… and today a formal reminder of this c/o of Aptamer Group (APTA).- By Steve Moore |
- 14 June 2023, 14:45 |
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Canadian Overseas Petroleum – talking to a death spiral expert on why its death spiral is doomed
Yesterday I flagged up that shares in Canadian Overseas Petroleum Limited (COPL) had slumped from 25p when I first warned to sub 4p, “into the threes”. Today they are slumping again and are just 3.25p to sell. How soon the “terrible 2s”. As it happens I was chatting to an expert in death spiral financing and he explained why the death spiral at Canadian was and still is a suicide trap for all concerned.- By Tom Winnifrith |
- 14 June 2023, 14:28 |
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Tom Winnifrith Bearcast: I agree with Chris Bailey
I look at the hot sun outside and think of the hot sun we are promised on Saturday as we do the last 34 mile Rogue Bloggers for Woodlarks walk. With gift aid we are now at c£17,500. If you can help us get towards £20,000 with even a £10 donation please do so HERE. In a long podcast I discuss base rates in the UK, inflation, recession , Crispin Odey and his collapsing empire, San Leon (SLE), Skinbiotherapeutics (SBTX), Eurasia (EUA), Cineworld (CINE), Supply@ME Capital (FRAUD), and M & C Saatchi (SAA). I also look at Robert Walters (RWA). and its long term threats as a commodity player.- By Tom Winnifrith |
- 14 June 2023, 11:43 |
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Frontier Developments – argues “in-line with guidance” and to “benefit from two major new game releases”, but is it really?
Video games company Frontier Developments (FDEV) has made an announcement with a first headline “FY23 revenue (unaudited) of around £104 million, in-line with guidance provided in January 2023” and also including that this year “will benefit from two major new game releases: F1 Manager 2023 and Frontier's first real-time strategy game, Warhammer Age of Sigmar: Realms of Ruin, with both games on-track for release as planned”. So what of a current share price response more than 9% lower from a latest close of 583p?- By Steve Moore |
- 14 June 2023, 11:43 |
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Please give us more jobs hopes “specialist recruitment services” company Robert Walters!
Back in April, I talked about “jobs, revenues and Robert Walters plc's (RWC) dull update”. Since then the company’s shares have fallen even lower, but all of this decline is due to an over 10% fall this morning. Greetings to another dull update!
- By Chris Bailey |
- 14 June 2023, 09:45 |
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Cineworld shares slump 21% on Sky Report but still £10 million market cap is £10 million too high
Cineworld (CINE) has already warned numerous times that shareholders are going to get wiped out. Last night Sky reported HERE that the UK PLC would be put into administration this week. Natch, Cineworld which has always treated its shareholders with contempt has not issued an RNS.- By Tom Winnifrith |
- 14 June 2023, 09:23 |
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BREAKING: Tintra: as red flags do not pay bills, what the current cash position? Is this a six week zero?
In its business update of 9 June 2023 (TNT), Tintra announced that the $10 million investment announced on 10 March 2023 at 1178 pence per share which was to be made 45 days after the establishment of an Special Purpose Vehicle (SPV) still hadn’t arrived and that the agreement date was now extended until 10 July 2023.- By Tom Winnifrith |
- 14 June 2023, 08:32 |
This Sizzling Songster could see its Shares Rise to the Sound of Music
Hello Share Pickers. At first blush, the company Hipgnosis (SONG) seems impossible to pronounce. Which has to be a disadvantage. But if you sound it out aloud and treat the ‘g’ as silent, then it’s a clever name. And Hipgnosis is all about sound, being a music rights investor and big enough to be in the Footsie 250.- By Malcolm Stacey |
- 14 June 2023, 08:16 |
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Tom Winnifrith Bearcast: Who do you think is doing that deeply discounted placing?
I am told it is a stock I am very bearish on and which already has a death spiral in place but who is it? I also cover Tingo (US:TIO), Powerhouse Energy (PHE) which also needs a placing Versarien (VRS), Genflow Biosciences (GENF) and Predator Oil & Gas (PRD). The Rogue Bloggers for Woodlarks have now raised £17,250 all in. Thanks to all who have donated, there is still time to do so HERE, please do!- By Tom Winnifrith |
- 13 June 2023, 15:49 |
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Osirium Technologies – R&D tax credit and InfoSec Europe RNS Reach. Attempted ramptastic?
Describing itself as “a leading vendor of cloud-based cybersecurity and IT automation software”, Osirium Technologies (OSI) “is pleased to confirm its attendance at InfoSec Europe 2023, and confirms the receipt of its R&D tax credit claim for the financial year 2022”… and the shares have currently responded approaching 19% higher to 1.9p?- By Steve Moore |
- 13 June 2023, 15:45 |
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Tingo: Jen Knickerbocker at Deloitte emailed as first class action against the $7 billion Tingo fraud filed
Shares in Tingo (US:TIO) were trading at more than five dollars a couple of weeks ago but closed yesterday at just $0.96 after another day of panicked selling. Long gone are the days when this fraud had a $7 billion market cap. Yesterday I dropped an email to Jen Knickerbocker. I am not making that name up.- By Tom Winnifrith |
- 13 June 2023, 13:54 |
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The equity raise at Jadestone was a nasty surprise, but my longer term view is unchanged and I've bought more shares
The recent equity fundraise at Jadestone Energy (JSE) came as an unexpected and nasty surprise for shareholders, including myself, as I’d expected that its cash reserves and access to debt facilities would be sufficient to cover the Capex for its ongoing oil and gas field developments.- By Gary Newman |
- 13 June 2023, 13:52 |
Mind Gym – emphasises full-year “double-digit revenue growth and return to profitability”, but is there really?…
Behavioural science-based business improvement company Mind Gym (MIND) “is pleased to announce its audited results for the year ended 31 March 2023”, headlining the announcement “Double-digit revenue growth and return to profitability”. So what of a current around 60p share price, down from 120p a year ago?- By Steve Moore |
- 13 June 2023, 13:35 |
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Canadian Overseas – the slide into the 3s: this is what happens when a death spiral meets slumping liquidity
I mentioned this in yesterday’s bearcast but when a company’s market cap and the liquidity in its shares slumps, a company facing a death spiral can find itself in an increasingly vicious circle impoverishing its poor shareholders. When, to much abuse, I first explained last year what a complete dog was Canadian Overseas Petroleum (COPL) its shares were 25p. The shares are now just 3.75p to sell.- By Tom Winnifrith |
- 13 June 2023, 13:28 |
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Tern – A Wyld, Wyld Gamble
Following yesterday's Death Spiral deal announcement I've been chewing over a bit of a difficulty that AIM-listed jam-tomorrow (if ever) Tern plc (TERN) now faces. The issue is that the fundng facility is secured on its shares in Wyld.- By Nigel Somerville, the Deputy Sheriff of AIM |
- 13 June 2023, 13:21 |
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Ashtead loves up mega projects in the US of A. If it loves the concept so much, it should drop the FTSE 100 and list there…
A little bit over three years ago, I observed that Ashtead Group (AHT) is “still a geared play on US economy Inc”. And because I am only smart enough to follow some of my own insights, I failed to capture the rise from the sub twenty quid share price then to about a 5400p level today. Naturally though, the share price has been somewhat more volatile over the last eighteen months as the Federal Reserve raised interest rates and the average American economic thinker has had to worry about the impact of this.
- By Chris Bailey |
- 13 June 2023, 11:10 |