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Tom Winnifrith Bearcast: screwed by Trainline
In today's podcast I discuss Trainline (TRN), Versarien (VRS), Optibiotix (OPTI), Red Rock Resources (RRR) and its Aussie shitshow, ECR Minerals (ECR) and Skinbiotherapeutics (SBTX)- By Tom Winnifrith |
- 14 March 2024, 15:59 |
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Letter to AIM Regulation: Surely musicMagpie must come clean?
Yesterday musicMagpie (MMAG) released dismal results showing debt increasing alarmingly and it on the brink of breaching one of its key banking covenants. But there was no mention of the supposed process of finding a bidder. It is spoofing, its silence speaks volumes but it should be forced into making a formal statement. I have written to the Oxymorons at AIM Regulation- By Tom Winnifrith, the Sheriff of AIM |
- 14 March 2024, 13:56 |
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Morgan Advanced Materials – 2023 results, recovery and income BUY
Carbon and ceramic materials manufacturer Morgan Advanced Materials (MGAM) has announced its results for the 2023 calendar year headlined “Results in line, business simplification announced, higher growth outlook”. How good is this news from a 266p share price, £759 million market cap?- By Tom Winnifrith & Steve Moore |
- 14 March 2024, 13:43 |
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Optibiotix: Its biggest contract ever! STRONG BUY to more than double in 2024 and quadruple in 3 years
This contract should not be a complete surprise as it was alluded to in the recent Steve O’Hara & Tom Winnifrith video HERE. At that point O’Hara was 90% sure it would be signed. Now it has. It is amazing that shares in Optibiotix (OPTI) are not racing ahead on this news. They should be. At 24.75p they are a STRONG BUY.
- By Tom Winnifrith |
- 14 March 2024, 13:34 |
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CAP-XX – “Update on litigation”, does it even have “the coming weeks” to negotiate a settlement?
Describing itself as “a world leader in the design and manufacture of supercapacitors and energy management systems” (despite a recent half-year increased loss on revenue of just Australian$2.3 million!), CAP-XX (CPX) has now announced that “Maxwell will be applying to the Court for a further extension of time to lodge an application for a claim of costs against CAP-XX before the end of the current week” though adding that “to emphasise, this filing is purely procedural and does not substantively impact CAP-XX”. What about that and shares in CAP-XX currently further down below 0.07p in response?- By Steve Moore |
- 14 March 2024, 13:05 |
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Wildcat Petroleum: with hindsight does it regard the October 16 2023 statement as “true and accurate”
Having dealt with its bogus profits and inaccurate interims earlier, I now turn to the RNS issued on 16 October 2023 by Wildcat Petroleum (WCAT), a company that lied in its very first RNS as a listed company. With hindsight was the statement of 16 October also a lie or, at best, misleading?- By Tom Winnifrith |
- 14 March 2024, 12:22 |
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Eneraqua Technologies – year “started in line with its expectations”, but what happened last year? And CFO “stepping down”
Previously writing on energy and water efficiency provider Eneraqua Technologies (ETP), in December I noted energy project delays and concluded with the shares down to 47.5p still an avoid/sell. So what about a “Year End Trading Update and Directorate Change” announcement from the company today helping the shares currently approaching 13% higher back towards 45p?
- By Steve Moore |
- 14 March 2024, 11:19 |
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BREAKING: Wildcat Petroleum – Reports a made up profit and other schoolboy accounting blunders
In the six months ended 31 December 2023 Wildcat Petroleum (WCAT) reported a profit of £131,000. I suggest that it did so by breaking accounting rules and that was not the only schoolboy error in today’s interims.- By Tom Winnifrith |
- 14 March 2024, 11:12 |
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Versarien: mug punters going nuts in Brazil
Versarien (VRS) has signed a licensing deal in Brazil for its graphene products and its shares have raced ahead by 23%. But this deal is not Brazil nuts it is peanuts in monetary terms and does SFA to stop the headlong rush to insolvency.- By Tom Winnifrith |
- 14 March 2024, 10:00 |
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No Woodlarks walk this year but Lucian and reader Nick are doing 100km for a great cause
I said that last year was my last year and health issues mean that is very much the case. But Grandpa, aka Lucian Miers, and reader Nick (a bit of a health Nazi, between you and me) are made of sterner stuff and are doing a 100 km, or as you and I would put it 63 miles, sponsored walk along with members of Lucian’s family. The cause is one I support for personal reasons.- By Tom Winnifrith |
- 14 March 2024, 08:39 |
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TT Electronics – 2023 results, a value and income Buy
‘Engineered electronics for performance critical applications’ company TT Electronics (TTG) has announced its results for the 2023 calendar year headlined “Strong profit growth, margin enhancement and cash generation” and outlook confidence based on its order book, current end-market activity and operational improvement initiatives that are underway. The shares are currently up to around 150p in response, but there looks more upside ahead.- By Tom Winnifrith & Steve Moore |
- 13 March 2024, 15:38 |
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Tom Winnifrith Bearcast: 4 potential zeros and one sure fire hero
I start with reflections on personal experiences in this land with Swedish tax rates and Somalian public services. I exaggerate a bit at both ends but you get my drift. Then it is on to CapXX (CPX), Sareum (SAR), Victoria (VCP), Chill Brands (CHLL) and Optibiotix (OPTI)- By Tom Winnifrith |
- 13 March 2024, 15:36 |
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Gym Group – 2023 results, how “positive” is the trading momentum really?
Gyms operator Gym Group (GYM) has announced results for the 2023 calendar year headlined “Positive momentum continuing” and the shares have currently responded more than 7% higher towards 118p. With that though still slightly down from the share price reached in September and comparing to above 140p early last year, what does the trading performance suggest is a fair valuation here?- By Steve Moore |
- 13 March 2024, 15:35 |
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Voyager Life merger with near bankrupt company: it takes the piss again
What on earth is my old friend Liam Murray of Cairn Financial, advisor to pot play Voyager Life (VOY) smoking? Has nobody told old Liam that weed has got a lot stronger since he was at University and can make you do all sorts of crazy things like signing off on statements that make no sense whatsoever. Please Liam seek help. Just say No!- By Tom Winnifrith |
- 13 March 2024, 14:12 |
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GOTCHA! Yet more ouzo for the Sheriff - Victoria: More problems at t’ mill, still potentially a £260m zero
Colourful Geoff Wilding, the BSD at carpets roll up/financial construct Victoria (VCP) says that there has been “a lot of noise around Victoria in the last six months.”. Yes, auditors saying accounts could not be verified, profits warnings (there is another today), debts surging. As a perma bear, publishing numerous warnings on this fine website, I won’t argue with Geoff as he coughs up yet more bad news, sugar coated with spoofery.- By Tom Winnifrith |
- 13 March 2024, 13:14 |
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IXICO – trading warning, prior revenue guidance that now dare not speak its name!
Previously writing on medical analytics company IXICO plc (IXI), just over a year ago with the shares up to 26.5p I was cautious noting trading and bottom-line concerns. So what of today a “Trading Update” and the shares further lower from an 8.5p most recent close?
- By Steve Moore |
- 13 March 2024, 13:00 |
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Musicmagpie Dog’s Dinner results suggests it is teetering on the brink and no bidder is mad enough
There was no mention at all of any possible bid approaches in today’s dog’s dinner results from musicMagpie (MMAG). For a company supposedly in an offer period that tells you everything. Nobody is interested. I have more chance of shagging Cheryl Cole than music does of getting an offer for its equity. And the results show exactly why. According to the world’s greatest expert on this company, “These results, for the 12 months to November 30, make an ideal case study in creative accounting aka turd polishing.”- By Tom Winnifrith |
- 13 March 2024, 12:00 |
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GOTCHA: CAP-XX – needs equity raise it admits “is taking longer than anticipated” by end of the month or it’s bust!
I first warned on shares in self-proclaimed “world leader” in energy management systems CAP-XX (CPX) in 2016 with they then down to around 4p and most recently, noting legal expenditure and cash concerns, just yesterday with they at 0.40p. Now from the company there’s a vaguely-titled “Corporate Update” announcement, following the “Retirement of CFO” announcement just yesterday. Hmmm…
- By Steve Moore |
- 13 March 2024, 10:47 |
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GOTCHA: Blue Star Capital: not just the P&L but the balance sheet was, as predicted, fiction, shares collapse again
Much hyped sub-scale investment company Blue Star Capital (BLU) was a company I warned about in the most explicit terms about two years ago when the shares were 0.403p, a market cap of £20.2 million. After shocking, or not so shocking, news today this Jonathan Bixby/Mike Edwards created spoof sees its shares at 0.0375p a market cap of just under £2 million. So that is a 90% drop in two years. Ouch. Of course, the gerbils knew better than old TW@! They always do.- By Tom Winnifrith |
- 13 March 2024, 10:06 |
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Why anyone who believes a BB or Reddit rather than a primary source is a fool
Sadly, the world is populated by fools. Gone are the days when even university students learned from primary sources rather than from what they copied from the internet. As for the chat room gerbils, here is a gem on Optibiotix (OPTI) from ADVFN:- By Tom Winnifrith |
- 13 March 2024, 08:34 |