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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 |
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Why is the Versarien annual report still not out & what is it hiding?
Yesterday we had an abridged version of the 18 months to September 30 from Versarien (VRS) published. We had the P&L, balance sheet, cashflows and notes 1 – 10. But much we still do not know and a day later Versarien has yet to publish the full accounts. What is it hiding?- By Tom Winnifrith, the Sheriff of AIM |
- 22 February 2023, 12:03 |
Angling Direct – trading update argues “pleased with the progress achieved”. Really?
Fishing retailer Angling Direct (ANG) states that it is “pleased with the progress achieved… trading has been in line with the board's expectations”. So what of a share price currently back up above 30p, but comparing to above 50p a year ago?- By Steve Moore |
- 22 February 2023, 10:59 |
Why the Black Horse could Gallop Ahead After Setback of Barclays' Results and on its own numbers
Hello Share Fans. Sometimes laziness pays off. Having extolled the opportunities of investing in British banks, I was waiting a respectable period before I began piling into Barclays (BARC). But when I could have done so (and not broken strict Shareprophets writer's rules) I couldn't be bothered.
- By Malcolm Stacey |
- 22 February 2023, 08:38 |
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BOMBSHELL: The FCA & AIM regulation fail to act on Versarien lies as Superdry deal shown to be a nothing
I now have it double sourced that the supposed deal between Versarien (VRS) and Superdry is just bull. It is dead. Not that it was ever alive. What is even more shocking is how the regulators have treated this allegation that Versarien has lied to investors.- By Tom Winnifrith, the Sheriff of AIM |
- 21 February 2023, 16:27 |
Blancco Technology – interims emphasise “increasing Sustainability and Governance tailwinds”, but what’s already in the price?
Describing itself as “the industry standard in data erasure and mobile lifecycle solutions”, Blancco Technology Group (BLTG) has announced results for its half-year ended 31st December 2022 emphasising “increasing Sustainability and Governance tailwinds accelerate double-digit growth” and that it “continues to trade well and has a strong pipeline of opportunities”. So what of a share price currently more than 15% higher in response to 188.5p?- By Steve Moore |
- 21 February 2023, 16:17 |
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Tom Winnifrith Bearcast - ouzo on my pancakes as its Schadenfreude day at the Welsh Hovel!
The images below should amuse you. Together with the discussions about getting my wife sacked and me killed, Versarien shareholders - egged on by the vile Neill Ricketts - have given it to me in spades over the years. Natch, today is a good day for me. I discuss many lessons learned and where next. 0p. I also look at Okyo Pharma (OKYO) and Kefi Gold & Copper (KEFI).- By Tom Winnifrith |
- 21 February 2023, 15:39 |
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Zoo Digital – ‘adoption by a major Hollywood studio’, but how “delighted” should Malcolm Stacey & co be?
Malcolm Stacey will be celebrating again as Zoo Digital Group (ZOO) is “delighted” to announce its ‘globalisation management platform’ has been “adopted by major Hollywood studio to support content localisation rollout”. The shares have currently responded up by 12.5% to 184.5p, but how much should Malcolm & co be celebrating?
- By Steve Moore |
- 21 February 2023, 14:23 |
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BREAKING SHOCKING EXPOSE: Versarien results - what Neill Ricketts is not telling you about Innovate UK
In today’s, utterly dreadful, results from Versarien (VRS) the auditors make it clear that the company will go bust if it cannot get a material cash injection from grants, loans or share issues. There is something Versarien is not telling investors about that. I wonder if it has told auditors BDO or its hapless Nomad SP Angel.- By Tom Winnifrith, the Sheriff of AIM |
- 21 February 2023, 14:06 |