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BREAKING EXPOSE: The fraud Supply@Me Capital: – a dubious loan between Alessandro Zamboni and Dominic White controlled companies
At Companies House company 1AF2 Limited is late filing its accounts for the period from incorporation on 7 May 2021 to 31 May 2022. 1AF2 Limited is a wholly owned subsidiary of The AvantGarde Group Spa (“TAG”), the entity through which Alessandro Zamboni the CEO of Supply (SYME) holds his shares in the company.- By Tom Winnifrith |
- 10 February 2023, 10:38 |
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David Beckham’s Guild Esports – is the rescue placing now underway?
You may remember that on 31 January Guild Esports (GILD) tried to hide from its shareholders the statement by its auditors that there was a material uncertainty as to its ability to pay bills as they fell due for 12 months and that a placing was now underway. As the FCA forced it to ‘fess after hours, Guild said that there would be a placing but it was not actually underway, the auditors had been misled. Wind forward…- By Tom Winnifrith |
- 10 February 2023, 09:57 |
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Share price at Iconic Labs still insane –- EHGOSF continues to dump shares and Ott bills £50,000 a month
Today EHGOSF announced its fourth conversion under its the £3 million facility to Iconic Labs (ICON):- By Tom Winnifrith |
- 10 February 2023, 09:39 |
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Tom Winnifrith Main Bearcast: Is Love Hemp now in administration?
In today's main bearcast I look at Love Hemp (LIFE) or should that be (DEATH)? then at Microsaic (MSYS), Advanced Oncotherapy (AVO), Guild ESports (GILD, Argo Blockchain (ARB) and finally Afentra (AET) after today's dynamite dossier HERE- By Tom Winnifrith |
- 9 February 2023, 15:51 |
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Gfinity – I was correct to be very wary of previously-stated commercial agreement ‘delight’... now bailout equity raise discussions
Previously writing on company describing itself as a “leading esports solutions provider” Gfinity (GFIN), last month with the shares up to 0.545p I cautioned ‘commercial agreement ‘delight’. Attempted ramptastic?’. Now an intra-day (uh oh!) “Business update and financing” announcement.
- By Steve Moore |
- 9 February 2023, 14:39 |
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BREAKING SHOCKING DOSSIER: Is £62m AIM darling Afentra Investor Trying To Hide Corruption Allegations And Russia Connections?
I only ask the question of this company, beloved by private investors, and at 28.1p valued at £62 million. A detailed dossier published below begs some serious questions.- By Tom Winnifrith, the Sheriff of AIM |
- 9 February 2023, 13:01 |
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Tom Winnifrith Bonus Bearcast: explaining North Sea oil economics to comrade Malcolm Stacey and the Probiotix nightmare continues
I start with the economics lesson for Red Malcolm, looking at the North Sea, BP and Shell and his Marxist scribblings of yesterday. Then it is onto Probiotix (PBX) and where we stand.- By Tom Winnifrith |
- 9 February 2023, 12:22 |
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British American Tobacco – full year numbers, a total return Buy
As I write the shares of British American Tobacco (BATS) are down below a 3000p share price today, meaning year-to-date the cigarette and more name is down over 10%. And yet, back in the COVID-19 peak crisis and then investment excitement bounceback moments in 2021, the stock was back at 2500p. And we have not even discussed the over 7% dividend yield. What is going on at the multinational tobacco and other nicotine forms company?- By Chris Bailey |
- 9 February 2023, 11:46 |
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BREAKING: OvalX/ETX/Monecor shutting spreadbet/CFD operations across Europe
Clients of OvalX, formerly ETX Capital, have just received an email warning them that the business is being shut down. This is not just in the UK, the owner Monecor, is shutting operations across Europe.- By Tom Winnifrith |
- 9 February 2023, 10:47 |
Fusion Antibodies – “R&D update” attempted ramptastic?, how “sufficient” is the cash now?
Previously writing on antibody contract research organisation Fusion Antibodies (FAB), in August with the shares rising above 100p I wrote ‘ramptastic patent application announcement, cash sufficient for current requirements?’. The shares have since slumped to most recently close at 45p, but what of an announcement today taking them up currently more than 5.5%?
- By Steve Moore |
- 9 February 2023, 10:42 |
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Anglesey Mining – acquisition at spoof price, who does it think it is kidding?
Who does Anglesey Mining (AYM) – a company that pretends to be a wannabee miner but, in fact, for more than thirty years has engaged in a principal business of issuing more shares – think it is kidding with its latest pointless deal?- By Tom Winnifrith |
- 9 February 2023, 10:19 |
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Argo Blockchain’s Disgraced Peter Wall walks the plank with immediate effect: more red flags vicar?
The man who sold £3.5 million of shares at 243p AFTER sounding out folks about a placing which took place a few days later at 200p is gone. Yes, Peter Wall the CEO and ( for 18 months) “interim” chairman of Argo Blockchain (ARB) has announced his resignation with immediate effect.- By Tom Winnifrith |
- 9 February 2023, 08:17 |
Xeros Technology – argues “positive progress” in India, so why the lack of detail and EBITDA miss then?
Xeros Technology Group (XSG) notes in a “trading update”, “positive progress by its licence partner in India, IFB with the launch of an 11kg domestic washing machine into the Indian market” and that it “continues to support IFB in the final stages of testing of a 9kg domestic machine prior to market launch, with a senior Xeros team visiting IFB in Goa in February”. So what of a current share price response down by more than 6% to 4.6p?- By Steve Moore |
- 9 February 2023, 08:14 |
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TruSpine: How Do You Confuse An Idiot?
Aquis lobster-potted TruSpine (TSP) released a statement yesterday morning to tell us that the £200,000 bridging loan, available “immediately” on 3rd January (but never arrived), which was expected to be received “shortly” on 1st February, has still not arrived. Natch, the company maintains it is on its way. Yeah, right…..the cheque’s in the post, caught up the mail strikes and next up it won’t have been signed.- By Nigel Somerville |
- 9 February 2023, 08:06 |
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Tom Winnifrith Bearcast: I shall now block anyone emailing me about Kefi, it is sending me bonkers
In today's long Bearcast I discuss Kefi Gold & Copper (KEFI), Sosandar (SOS), Argo Blockchain (ARB), Ben's Creek (BEN), Cellular Goods (CBX) and an IPO from Primary Bid and the spivs at Novum to avoid like the plague: World Chess- By Tom Winnifrith |
- 8 February 2023, 15:52 |
Sosandar – Mystic Meg Strikes Again!
In my last piece on AIM-listed online ladies fashionwear purveyor Sosandar (SOS) back in December, I suggest there was clearly a placing on the way. This morning it is Mystic Meg strikes again, for we have a placing at 22p. Time for a nice glass of ouzo!- By Nigel Somerville, the Deputy Sheriff of AIM |
- 8 February 2023, 15:50 |
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Helping paid share "promoter" David Burton of Total Market Solutions with his maths re Vast Resources - GCSE fail for Dave
Total Market Solutions, owned by David Burton, earns its crust promoting penny shares for cash. It is open about it and let me be clear that there is absolutely nothing wrong in this trade although one imagines that Mr Burton has to hold his nose on occasion with some clients. But there is promotion and then there is telling outright porkies, which brings me to his tweet this morning about Vast Resources (VAST) when the shares were 0.66p.- By Tom Winnifrith, the Sheriff of AIM |
- 8 February 2023, 14:36 |
Hardide – “pleased to report” results argue “reasonably placed”. Is it sure about that?
Previously writing on surface coating technology company Hardide (HDD), in September with the shares at 19p I concluded including that it will be interesting to see the full-year results and balance sheet detail, but they clearly aren’t going to be good. The company has now announced the results, stating that it “is pleased to report” them and that “the new financial year has started well, with revenues in the first quarter ahead of those in the same period last year”. So what of a now 13.5p share price?
- By Steve Moore |
- 8 February 2023, 14:19 |
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The obsession of the housing market and the reality for shareholders in Barratt Developments
As the CEO of Barratt Developments (BDEV) observed during the conference call earlier today, the company’s half year numbers showed a “very strong operational performance”. Compared to a year ago, total home completions rose by 6.9%, adjusted profits were up by 15.9%, return on capital employed was up to 29.6% and, whilst net cash fell just over 14%, it was still just shy of £970 million. Happy days then for a leading housebuilder with a market cap of just over £4.6 billion today? So why are the shares, which are up about 1% today as I write, down by more than 25% during the last year? Is it something to do with the “difficult housing market” also talked about?- By Chris Bailey |
- 8 February 2023, 12:36 |
Speedy Hire – argues “continues to perform well” and a “strengthened control environment”, But…
Tools and equipment hire and complementary services company Speedy Hire (SDY) has issued a “Financial and trading update”including that it “continues to perform well… revenue (excluding disposals) for the four months to 31 January 2023 up c.16% against the corresponding period in the prior year… continues to be confident in delivering underlying profit in line with its expectations for the full year”. So what of a current share price response down by more than 7% to around 39p?- By Steve Moore |
- 8 February 2023, 10:58 |