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Versarien results - the game is almost up despite a dubious audit: Part One
The results for the 18 months to 30 September from Versarien (VRS) are shockingly bad and contain an explicit warning about its perilous financial state. When, not if, it goes bust auditors BDO will have big questions to ask about this sign off for its work is very poor, there is almost no professional scepticism.- By Tom Winnifrith, the Sheriff of AIM |
- 21 February 2023, 09:55 |
And the best use of a corporate twitter account award goes to ........drumroll.....Caracal Gold
Of course that is irony. When not helping the FCA with its enquiries, this was the latest tweet from Caracal Gold (GCAT).- By Tom Winnifrith |
- 21 February 2023, 08:05 |
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Shearwater Group – attractive recovery potential?
Shares in “cybersecurity, advisory and managed security services group” Shearwater (SWG) approached 140p last summer and were above 115p in November before results for its half-year ended 30th September 2022. Having commenced 2023 at 100p, the shares are now available at a 95p offer price and we consider that there is attractive recovery potential from here.- By HotStockRockets |
- 20 February 2023, 16:30 |
Tristel – argues “stronger than ever” growth prospects, but what’s already in the price?
Infection prevention products manufacturer Tristel (TSTL) has announced results for its half-year ended 31st December 2022 emphasising “achieving 16% revenue growth and a 16-fold increase in EBITDA”. So what of the shares currently up to 330p, but still down from when I previously concluded bearishly a year ago?
- By Steve Moore |
- 20 February 2023, 16:10 |
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Tom Winnifrith Bearcast: Surely Moonpig is a short? What am I missing?
I start with half term trespassers of whom there seem to be many here in Wales. Then it is onto Verditek (VDTK) and why AIM Regulation's failings matter, Audioboom (BOOM), Versarien (VRS), questions about revenue recognition at Andrew Monk's VSA Capital (VSA) and finally Moonpig (MOON). The prize Versarien contest mentioned is HERE- By Tom Winnifrith |
- 20 February 2023, 15:07 |
Proteome Sciences – emphasises “strong development” including increased “cash reserves”. Er, what about those borrowings?!
Describing itself as “a specialist provider of contract proteomics services to enable drug discovery, development and biomarker identification”, Proteome Sciences (PRM) has issued a trading update commencing that it “is pleased to report that it has continued to show strong growth” and concluding that the “business is strongly positioned for 2023”. So what of a current more than 22% higher share price response to 4.6p?- By Steve Moore |
- 20 February 2023, 14:27 |
A man whose firm is paid to act for a company run by insider dealing market abusing crooks lectures a pious and ethical business on ethics
I have commented HERE on the scandal of the £216 Lush blow up involving Andrew Monk's VSA Capital (VSA). That is the VSA which is happy to act for the crooked insider dealing market abusers at Caracal Gold (GCAT).as it finds itself under a full blown FCA Enquiry. So who better to lecture, in the tweet below, the ethical chaps at Lush on corporate ethics than Mr Monk? What next? Nadhim Zahawi lecturing us all on why we should pay more tax? Matt Hancock on the sanctity of marriage? David Moyes on how to manage a football club?- By Tom Winnifrith |
- 20 February 2023, 14:20 |
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Trifast – having been looking for second-half improvements, “Trading Update and Directorate Change”…
Industrial fastenings and components principally for major global assembly industries company, Trifast (TRI) has issued a “Trading Update and Directorate Change” announcement commencing that “since the half year results in November 2022, the group has recorded further year on year revenue growth, led by the European and North American businesses. In addition, Trifast has secured a further £10m of new contract wins since 30 September 2022, increasing the year-to-date total to £22m. During January, we also concluded negotiations with significant customers resulting in contractual pricing uplifts which were in line with our expectations”. So what of a current share price slump?- By Steve Moore |
- 20 February 2023, 13:27 |
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BREAKING EXPOSE: Andrew Monk, Silverwood, VSA and Lush – that’s another fine £216 million mess you’ve got yourselves into
Andrew Monk of VSA Capital (VSA) has yet to come clean on whether anyone at his firm has been interviewed by the FCA as part of its formal enquiry into wholesale insider dealing , market abuse and investor deception at his client Caracal Gold (GCAT) but now there needs to be an enquiry into share dealing at Siverwood Brands (SLWD) and this time VSA is directly involved. This is the £216 million Lush blow up.- By Tom Winnifrith |
- 20 February 2023, 13:08 |
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Verditek breaks AIM Rules yet again but will the bogus Sheriff of AIM, Marcus Stuttard, EVER sanction a company run by a Tory Toff?
If a company is sitting on price sensitive information as an AIM listed Company then the rules of the sewer regulated by Mr Marcus Stuttard and the Oxymorons at AIM Regulation, notably rules 10 & 11, dictate that, the company must disclose it at once via RNS. But when your company is chaired by a Tory Toff like Lord David Willetts I guess that rules just do not apply. Rules are for little people.- By Tom Winnifrith, the Sheriff of AIM |
- 20 February 2023, 11:57 |
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BOMBSHELL EXCLUSIVE: Leaked email & spreadsheet shows exactly how TruSpine dicks its creditors on whose support it depends
This morning, Aquis listed Truspine (TSP) has admitted that refinancing has ( again) not yet arrived and that it is reliant on the support of its creditors. Unfortunately for it, we have has been supplied with an email and spreadsheet showing exactly how it is dicking its creditors and how big the sums involved are for each creditor. Naturally we publish in full.- By Nigel Somerville |
- 20 February 2023, 10:19 |
British Outfit with Far-Flung Branches Looks Set to Benefit from Higher Bank Rates
Hello Share Splurgers. This ageing analyst has recently commended the big four high street banks to your further research. May I now add another bank, Standard Chartered (STAN).- By Malcolm Stacey |
- 20 February 2023, 08:20 |
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Kurdistan carries a lot of political risk for oil companies, but despite that I view Genel Energy and Gulf Keystone as buys
Looking at the share prices of the two London listed Kurdistan oil producers, Genel Energy (GENL) and Gulf Keystone Petroleum (GKP), they seem totally disconnected with what the companies have achieved operationally.- By Gary Newman |
- 19 February 2023, 19:14 |
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Kanabo pumped in the Mail in the Proactive Column - surely this is just dishonest "journalism"
Once a week the investment hookers at Proactive pen a small cap column for the Mail on Sunday. This week’s effort is flagged up below. Nowhere on the column is there any disclaimer to admit that Proactive is paid by companies to publish research. So, readers of the tabloid will assume that this is just good honest impartial journalism. Of course it is anything but. Take this week’s effort below…- By Tom Winnifrith |
- 19 February 2023, 18:10 |
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The View From The Montana Log-Cabin As Gold Continues To Slip
Gold closed the week at $1842 – down from last week’s $1866 but in my view still a good effort given last week’s inflation figures over the pond. Our favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com reckons there’s support around $1830 and it bounced from just below.- By Nigel Somerville |
- 19 February 2023, 17:13 |
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Once again, the Sunday ShareProphets Pub Quiz
The Sunday ShareProphets Pub Quiz has had a run of bad luck lately. The service that we used for it kept getting stuck after more than a few people used it. So we've started building our own. Please give it a try this week and let me know in the comments how you fared. And remember, no Googling!- By Darren Atwater |
- 19 February 2023, 13:38 |
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Tesco chat (and this time not about buying a food shop)
I think Tesco (TSCO) deserves to be the biggest supermarket in the UK. And despite just a bit of volatility in the company over the last couple of decades, it has ultimately boxed clever. The combination of the turnaround by its previous CEO “Tesco Dave” and the return of capital via the sale of its Asian business at a decent price, helped me make some good money on the shares. However...- By Chris Bailey of Financial Orbit |
- 19 February 2023, 09:23 |
Visual Aid: 11 Tech Trends to Watch in 2023
From Visual Capitalist, this week’s graphic suggests 11 tech trends that are unexpected. Immortality as a service? Digital smells? Where there’s electro muck, there's brass.
- By Darren Atwater |
- 19 February 2023, 09:05 |
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Sunday Long Reads: Train Chemicals, Why does ChatGPT Work? iPhone Hell, Wrexham AFC, Human Cannonballing
Here are five long reads that have nothing to do with shares. Put the kettle on, find a comfy chair. You have the time, don't you?
- By Darren Atwater |
- 19 February 2023, 07:29 |
Notes from Underground – Most read articles for the week ending 18 Feb 2023
The most-read non-Tom article this week is by Chris Bailey, How much do you like being “nudged” by Hargreaves Lansdown?, at No 2 or No 8 including Bearcasts.
- By Darren Atwater |
- 19 February 2023, 07:23 |