Now I'm a Cock-Eyed Optimist and as Happy as a Bull in a Share Shop.
Hello Share Fanatics. This time last week I said I was changing from a bear to a bull. Not a moment too soon, either. Yesterday. the Footsie reached an all-time intra-day high of 7,906. More of that to come, I fancy. Here’s why.
- By Malcolm Stacey |
- 4 February 2023, 08:13 |
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Sylvania Platinum – Q2 report, production guidance increased
Platinum group metals in South Africa company Sylvania Platinum (SLP) has announced results for its quarter ended 31stDecember 2022 and that “FY2023 production guidance increased, targeting 70,000 to 72,000 4E PGM ounces” (up from 68,000-70,000 ounces). Good news from a current 106p share price we suggest.- By Tom Winnifrith & Steve Moore |
- 3 February 2023, 16:29 |
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Shanta Gold – West Kenya project mineral resource progress, and more to come soon
Shanta Gold (SHG) has announced an updated mineral resource estimate for its West Kenya project in Kenya and that “the high-grade Indicated category… points towards a high margin cash flow during future operations”.- By HotStockRockets |
- 3 February 2023, 16:29 |
Itaconix – I having previously cautioned ‘attempted ramptastic’, now an equity raise (discounted, natch!)
Previously writing on company which describes itself as “a leading innovator in sustainable plant-based polymers used to decarbonise everyday consumer products” Itaconix (ITX), in October I cautioned “pleased to announce” distribution program, attempted ramptastic?. And now, quelle surprise, a “Placing, Subscription and Open Offer”.
- By Steve Moore |
- 3 February 2023, 16:02 |
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Tom Winnifrith Bearcast: remember to sing Delilah tomorrow wherever you are
I start with news on ShareStock - we have now completed the speaker line-up and 50% of the seats for September 23 are now reserved - for details and to book your seat go HERE. Then it is Canadian Overseas (COPL), Nanoco (NANO), BSF Enterprises (BSFA) where its placing ahoy and a joke valuation, and then Caracal Gold (GCAT). Finally, I shall be wearing an Ireland shirt in a pub full of Welshmen tomorrow, make sure you all sing Delilah wherever you are.- By Tom Winnifrith |
- 3 February 2023, 14:26 |
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Nanoco – argues “remarkable” litigation settlement outcome, so what of the share price fall?
Nanoco Group (NANO) has announced details of what it describes as a “remarkable” outcome litigation settlement. So what of the shares currently responding to 27p, more than 26% lower?!- By Steve Moore |
- 3 February 2023, 14:05 |
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Purplebricks – Compliance, Rats & Sinking Ships
I noted in yesterday’s bearcast how Purplebricks (PURP) must be due a lack of profits warning given the increasing slowdown in the number of UK residential property transactions. Some high profile rats, it seems, are not waiting for the ship to sink.- By Tom Winnifrith |
- 3 February 2023, 13:05 |
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Caracal Gold letter to FCA: does it support insider dealing & not disclosing price sensitive information?
The FCA appears to be plodding on with its enquiry into Caracal Gold (GCAT) despite the company admitting to a litany of wrong doings including share trading by its CEO Robbie McCrae while sitting on price sensitive information (insider dealing to you and me) and massive breaches of the disclosure rules. This is an open and shut case and McCrae should be in prison. There are also questions for Andrew Monk of VSA Capital. I have sent another letter to the FCA which regulates ( no sniggering at the back) both the Standard List where Caracal’s shares are traded and also Mr Monk and VSA.- By Tom Winnifrith |
- 3 February 2023, 12:33 |
MGC Pharmaceuticals – more death spiral vicar?
36 days ago MGC Pharmaceuticals (MXC) drew down A$800,000 of funding from its death spiral provider Mercer. But I guess Christmas is an expensive time for us all, there are bills to pay, yadda, yadda, yadda.- By Tom Winnifrith |
- 3 February 2023, 10:51 |
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Bidstack - how big is the Azerion black hole?
In October of 2022 Bidstack (BIDS) completed a fundraise at 2.85p raising a net £9.5 million. Its house broker Stifel said that this would be enough to get it through to breakeven in 2024. But I suggest that is patent bollocks and that there could be a cash crisis ( again) this year. Here’s why.- By Tom Winnifrith, the Sheriff of AIM |
- 3 February 2023, 10:04 |
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Life is busy…even in the boring UK government bond markets
Were the last twenty-four hours or so the busiest time for global investors this corporate earnings season? For those of you who just look at names listed on the UK markets, maybe the inevitable Bank of England rate rise was as exciting as it got, but for us global market punters, there was a hell of a lot going on. But - like the complete investment sad sack I am - that is what makes it exciting…- By Chris Bailey of Financial Orbit |
- 3 February 2023, 09:29 |
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Fresnillo – Q4 report, a recovery from production challenges: Buy
The world's largest primary silver producer Fresnillo (FRES) has issued a fourth quarter production report and 2023 guidance for 104-115 million ounces of silver equivalent production.- By Tom Winnifrith & Steve Moore |
- 2 February 2023, 16:17 |
PCI Pal – trading update, is its “on track” good enough for the valuation?
Previously writing on payment technology for business communications company PCI Pal (PCIP), 11 months ago with the shares at 58p I concluded that the uncertainty together with a near £38 million market cap meant I continued to avoid. The shares most recently closed at 57p, but what of them currently down to 54.5p on the back of a trading update?
- By Steve Moore |
- 2 February 2023, 16:04 |
Safestyle UK – trading update, how confident on the “return to profitability”?
Previously writing on windows and doors retailer and manufacturer Safestyle UK (SFE), in November with the shares falling back below 25p I concluded that I retained limited confidence on its outlook at that juncture and continued to avoid. The shares last closed at 23p, but are currently edging up today on the back of another trading update, so what’s the story now?
- By Steve Moore |
- 2 February 2023, 14:29 |
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Tom Winnifrith Bearcast: why is 2nd February a big day for me? I just cannot remember
I struggle to remember why I should remember 2nd February. Then, with Kefi Gold & Copper (KEFI) shareholders again jamming my email in box with pointless emails, I squeeze in time to discuss Purplebricks (PURP), Canadian Overseas Petroleum (COPL) where Lucian is - sensibly - adding to his short, Cineworld (CINE), Vast Resources (VAST) and the daft economically illiterate suggestions about extra windfall taxes for Shell (SHEL) and Centrica (CNA).- By Tom Winnifrith |
- 2 February 2023, 13:49 |
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Guild Esports & David Beckham – flagging up a few more recent lies
It has not been a good week for Guild Esports (GILD), deception and lies. Just for the record,, here are a few more that it has told:- By Tom Winnifrith |
- 2 February 2023, 12:09 |
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Immotion – “pleased to announce” disposal agreement and shareholder return. How pleased should it be?
Immotion Group (IMMO) states that it is “is pleased to announce it has entered into a conditional sale and purchase agreement, for the sale of its Location Based Entertainment business… for an enterprise value of $25,211,739 on a cash free/debt free basis. In addition, the company is pleased to announce that it has completed the disposal of Uvisan Limited for cash consideration of £100,000”. So what of a share price response currently up from 2.2p to 3.65p?- By Steve Moore |
- 2 February 2023, 11:54 |
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Iconic – just how many billion shares will be in issue before an RTO?
There are already 39.664 billion shares in issue for Iconic Labs (ICON) a company with a past of disgrace and no business. Today it spelt out in part just how much more confetti will hit the market. Still the morons can’t do the maths.- By Tom Winnifrith |
- 2 February 2023, 10:25 |
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Vast Resources – don’t count your Zimbabwean chickens, the clue is in the release!
Vast Resources (VAST) has today confirmed that it should get back the diamonds it owns but which have been locked up by the Central Bank of Zimbabwe for years. But this does not solve its cash crisis, indeed it’s a confirmation that a bailout placing is needed ASAP. The clue, the morons ignore, is in the RNS.- By Tom Winnifrith, the Sheriff of AIM |
- 2 February 2023, 09:54 |
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The Mid-Week View From The Montana Log-Cabin: Has The Fed Commenced A Handbrake Turn As Gold Rockets?
The correction in the Gold price I was expecting seemed to be slowly but surely getting underway until last night, when the Fed made its latest rate announcement. It had been expected to turn the screw further by hiking rates yet again, after a year of large hikes. But the Fed opted to go for just a quarter point rise.- By Nigel Somerville |
- 2 February 2023, 08:21 |