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Cineworld explicitly spells it out for dummies – the shares are worthless
I told y’all that this would happen numerous times and explicitly a couple of days ago after the latest Court hearings in the USA HERE. Today Cineworld (CINE) has stated, in no uncertain terms, that its shares are worthless under every scenario. Amazingly the shares are down by only 23% at 3.05p. Yes some folks are buying the shares!- By Tom Winnifrith |
- 24 February 2023, 10:24 |
Bulletin Board Moron of the week - natch a Versarien shareholder: day 4 of the annual report watch
It is now day 4 of the Versarien (VRS) Annual report watch. There is still no sign of the document. Even the PR is being kept in the dark as to what is happening and what loathsome Neill Ricketts is so keen to hide. Hint. SMTM. With Versarien shares now 97% down from all time highs who is to blame?- By Tom Winnifrith, the Sheriff of AIM |
- 24 February 2023, 09:27 |
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Tom Winnifrith Bearcast: Should Angus Energy, Union Jack Oil and IGAS merge?
Of course they should. But I explain why they will not. I start with Julie Meyer and urge you all to write to the Forfeiture Committee today. Then I look at Canadian Overseas Petroleum (COPL), Caracal Gold (GCAT) , at Wood Group (WG.) and at Spiritus Mundi (SPMU)- By Tom Winnifrith |
- 23 February 2023, 16:24 |
System1 Group – quarterly trading update, how’s that “growth capital” now?
Marketing decision making platform group System1 (SYS1) has issued a trading update commencing that “data revenue grew 18% on the comparable period to £3.4m, a quarterly record”. What of the shares currently having responded up to 180p, though still well down from 400p at which they commenced 2022?- By Steve Moore |
- 23 February 2023, 16:15 |
Caracal Gold Caption Contest sponsored by Andrew Monk's wine collection
A bottle of NZ Pinot Noir at £15? A fine choice sir to add to your collection but with clients like Caracal Gold (GCAT), still not paying outstanding fees of c£100,000 are you sure you can afford it? Oh, the FCA Enquiry into Caracal hotting up you say, the shares collapsing to just 0.225p, the Silverwood debacle a bit of a £1m pain: you need to drown your sorrows? I understand perfectly. To win nothing at all how, post your caption to respond to Andrew Monk's latest crass ostentatious display of his wealth in these times of austerity, in the comments section below.- By Tom Winnifrith |
- 23 February 2023, 14:59 |
Made Tech – interims, still “pleased” with the trading performance?
Previously writing on group describing itself as “a leading provider of digital, data and technology services to the UK public sector” Made Tech (MTEC), earlier this month with the shares up to 32.5p I questioned its stated “delighted to have delivered another period of strong growth”. The shares most recently closed at above 38p but are currently heading back down towards the prior-noted level on the back of a half-year results announcement.
- By Steve Moore |
- 23 February 2023, 14:39 |
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BREAKING BOMBSHELL: Julie Meyer screws 3 more ex employees at Drive
Oh dear , oh dear, the woman awarded an MBE for services to business by Mr Vince Cable, the man who attacked we bears for being nasty to the king of the fraudsters Rob Terry, has shown, once again, what a horrible piece of work she is. I bring you three more employment tribunals concerning Drive Software, the insolvent Tesla meets Fitbit outfit controlled by Julie "Lingerie on Expenses" Meyer.- By Tom Winnifrith |
- 23 February 2023, 13:08 |
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Is Wood Group going to be taken over?
On the final day of 2022, I made Wood Group (WG.) one of my tips of the year 2023. And whilst, like any truthful investor, I don’t get every tip correct, this one is working out quite well. I know many of you are big Guardian newspaper readers, but it took me until early this morning to read the story from yesterday evening that “John Wood Group rejects takeover bids from US private equity firm Apollo…has until 22 March to announce a firm intention to make a takeover offer or walk away”. How interesting!
- By Chris Bailey |
- 23 February 2023, 12:47 |
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Sylvania Platinum – interims, still a value and income Buy
Platinum group metals in South Africa company Sylvania Platinum (SLP) has announced results for its half-year ended 31st December 2022 and that it has increased its full-year production guidance.- By Tom Winnifrith & Steve Moore |
- 23 February 2023, 12:20 |
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Invinity Energy Systems – how ‘pleasing’ really is the (discounted, natch) equity raise?
Previously writing on company which describes itself as “a leading global manufacturer of utility-grade energy storage” Invinity Energy Systems (IES) last month with the shares falling towards 40p I noted cash burn concerns and now, quelle surprise, the company “is pleased to announce the results of the placing”. How ‘pleasing’ is it?
- By Steve Moore |
- 23 February 2023, 12:10 |
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OptiBiotix Health – director to leave, commercial focus to be increased. Buy
OptiBiotix Health (OPTI) has announced that a director and CEO of its operating business René Kamminga is to “leave the business on 28 February 2023 to pursue other opportunities”, with OptiBiotix CEO Stephen O'Hara to resume the role as CEO of the operating business and to “lead a minor restructuring of the business, with further announcements to be made in due course”. So what’s really going on here?- By HotStockRockets |
- 23 February 2023, 12:05 |
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Chill Brands – shares sliding, 2+2 = 4 ( that is to say a bailout discounted placing)
Shares in Chill Brands (CHLL), pumped by a spoof-tastic announcement the other day, are now sliding fast. 2+2 =4. The first 2 is that attempted ramping.- By Tom Winnifrith |
- 23 February 2023, 10:45 |
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Versarien Annual Report watch – day 3 ( Versarien not even telling its own PR)
HSBC (HSBA) published its 500 page annual report on the same day as announcing its full year numbers. But it had nothing to hide. Almost all companies do exactly the same but three days after Versarien (VRS) published its full year numbers there is still no sign whatsoever of its annualreport. I have now had a response from the company’s PR team. It is hilarious.
- By Tom Winnifrith |
- 23 February 2023, 09:39 |
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Tom Winnifrith Bearcast: Could Cineworld be a zero by the end of next week?
I end by thanking the kind reader whose gift of a bottle of Metaxa has just arrived. The Mrs says thank you as well. Elsewhere I chat to Lucian Miers and discuss Cineworld (CINE) - after yesterday's legal hearing - and Canadian Overseas Petroleum (COPL). then it is onto Tern (TERN), Bluebird Merchant Ventures (BMV) and what Versarien (VRS) is so desperate to hide. The references in that section are to the great film Zulu.- By Tom Winnifrith |
- 22 February 2023, 16:48 |
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BP – Q4 & full-year 2022 results, how much upside remaining?
BP (BP.) has announced a fourth quarter $4.8 billion underlying Replacement Cost profit, a 10% increased quarterly dividend per share of $0.0661 and that it sees “tremendous opportunity to create value”.- By Tom Winnifrith & Steve Moore |
- 22 February 2023, 16:48 |
Itaconix – discounted equity raise result, argues “optimism” but what happened to the previous optimism?...
Describing itself as “a leading innovator in sustainable plant-based polymers used to decarbonise everyday consumer products”, Itaconix (ITX) states that it “is pleased to announce that it has received valid acceptances from qualifying shareholders in respect of 4,513,420 open offer shares” and that it “approach the future with more commercial progress, more resources, more potential, and more optimism than ever before”. So what of a share price down from approaching 6p last month to currently little above 5p?- By Steve Moore |
- 22 February 2023, 16:05 |
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MGC Pharmaceuticals – another cup of death spiral vicar?
The word on the Street is that the level of boardroom greed at MGC Pharmaceuticals (MXC) is causing increasing unrest among some of those hitherto supportive of the company. Meanwhile the share price continues to tank and I think that we can all guess why. The shares were 2.25p, valuing this crock at £70 million, on January 11 2022 when I published this extensive bear dossier HERE. Today they are just 0.475p, off another 15% today and valued at just £13.7 million.- By Tom Winnifrith |
- 22 February 2023, 14:55 |
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Canadian Overseas – Liquidity has gone, the shares can only go one way
A two million share trade went through at just 5.5p earlier. Natch the Bulletin Board Morons saw this as great news, arguing that a big stock overhang had gone and that the shares would now rocket. To be fair they have bounced back but this just shows what happens when Liquidity is gone and we know that there are massive sellers coming at almost any price.- By Tom Winnifrith |
- 22 February 2023, 13:44 |
Gooch & Housego – AGM trading update emphasises “progress”, but is it sufficient for the valuation?
Photonic components and systems manufacturer Gooch & Housego (GHH) has issued a trading update including that it “is making steady progress in lowering its lead-time for new orders received and reducing its overdue order book”. So what of a share price currently down to 528p?- By Steve Moore |
- 22 February 2023, 13:03 |
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Mega company Wednesday excitement – Rio Tinto and Lloyds Banking Group
Whilst I am sure many of you have rolled from eating pancakes yesterday to reading the poetry of T. S. Eliot today, I keep on cracking on with the global corporate earnings season – and this brings me today to Rio Tinto (RIO) and Lloyds Banking Group (LLOY) (one of which I think is cheap and one of which I am glad I do not own).- By Chris Bailey |
- 22 February 2023, 12:35 |