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Latest News

Bearcast
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Tom Winnifrith Bearcast: Happy Birthday to Me, only NOT a pensioner now thanks to Steve O'Hara!

Yes its my birthday. Ahead of a cake made by the Mrs and a takeaway from what I am told is the finest Indian in Wrecsam, I discuss musicmagpie (MMAG) in depth, Argo Blockchain (ARB) en passant and Trustpilot (TRST) in depth.
ARS
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Asiamet Resources has been a terrible investment for me so far, but I'm still hopeful that it could reach production in the end

Whilst I’ve been away fishing in the jungle for the past month, I notice that Asiamet Resources (ARS) has issued a couple of RNSs, including a new Memorandum of Understanding that it hopes will help move its BKM project towards the production stage.
HOME
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Home REIT – massive warning just as the bears warned: management credibility zero, were investors misled on arrears?

The management of Home REIT (HOME) do not even dare to put their own name and contact details on RNS releases these days, instead hiding behind the very well paid skirts of the journalist smearing PR firm FTI Consulting. And who can blame Home’s craven managers today for it has had to serve up a shocking admission.
VRS
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EXPOSE: Versarien – can it possibly dodge a huge intangible write off when results are published?

When Versarien’s (VRS) results for the extended month period ended 30 September 2022 are published before the end of January 2023, I am expecting them to be a piss poor sea of red but will they also be impacted by an impairment charge for the Graphene business intangible assets?
MCL
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Another day – another disgraced penny stock to leave AIM: Morses Club

With its former CEO clearly guilty of insider dealing, with its balance sheet trainwrecked by, as yet unquantified, mis-selling, Morses Club (MCL) has announced that it is leaving the AIM sewer. Why, surely its CV makes it just the sort of company that Marcus Stuttard, the bogus Sheriff of AIM, wants to attract?
PROC
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Procook does a Nightcap and plays fast and loose with reality in trading statement

Just like Nightcap (NGHT) yesterday, Procook (PROC) has served up a trading statement which plays fast and loose with reality. Its intent is not to inform but to mislead.

Newsboy
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Busy Christmas results Thursday – Wood Group, Tesco, Whitbread

There are a lot of corporate updates of interest today, but there are three I wanted to immediately comment on.
NFT
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NFT Investments – you could not make this up

NFT Investments (NFT) likes to describe itself as an “incubator specialising in the market for non-fungible tokens (NFTs).” Some of us view it as a puffed up promote created and run by the chancers Jonathan Bixby and Mike Edwards. For we sceptics today an announcement. As Richard Littlejohn might say “You couldn’t make this up.”
Bearcast
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Tom Winnifrith Bearcast: Why Argo really is worth 0p

In today's podcast I look at nanosynth (NNN) and why its RNS crimes do matter, Argo Blockchain (ARB), Kefi Gold & Copper (KEFI), Reach (RCH), Cellular Goods (CBX) and Colin Bird POS Tiger Royalties (TIR) where data today shows how a recent placing only postponed death.
PTRO

Pelatro – ‘below market expectations’ again!, and still what about the balance sheet?

Previously writing on software for customer marketing company Pelatro (PTRO), last month with the shares falling from close to 20p I noted ‘warns on trading, and what about the balance sheet?’, concluding that I certainly continued to avoid. The shares are currently further down below 10p today following yesterday an intra-day (uh oh!) “trading update”.

ARB
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Argo Blockchain woeful December update & things can only get worse!

Oddly, Argo Blockchain (ARB) has only now disclosed that its Helios bitcoin mining facility in Texas (now sold) was shut down by bad weather for most of December. Normal companies might have mentioned it at the time but since when did disgraced CEO Peter Wall give a FF about the rules?
SCE
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Surface Transforms – “again… reporting a production problem impacting our previous guidance”, what’s the outlook from here?

Previously writing on manufacturer of carbon fibre reinforced ceramic automotive brake discs Surface Transforms (SCE), in September with the shares at 40p I concluded that, with the financials uplift the valuation looked to demand, I still just continued to monitor from the sidelines. So what of today a “Trading and operations update” from the company… and the shares currently further down to 36p?

NGHT
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EXPOSED: Sarah Willingham and Nightcap deceive investors again: bailout placing inevitable.

There is today, finally, as I demanded, a trading statement from Nightcap (NGHT) the financially challenged bars chain of Sarah Willingham of Dragon’s Den “fame”. But it is hugely misleading, on an industrial scale, and the underlying position is grim, sales are falling and a cash crisis is looming. This is the pump before a bailout placing dump. Let me explain why an update described by the ghastly Willingham is not as she claims “positive”. Not at all.

RCH
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Reach plc – a warning of the dangers of “stronger than historic H2 weighting of profit”

In October I noted on newspapers and digital publishing company Reach (RCH) “Q3 revenue -1.9% YoY, argues “stronger than historic H2 weighting of profit””. Today though, on a Q4 trading update, the shares are currently more than 27% down to below 80p. So what’s happened?
Boom

The curse of Julie “Lingerie on Expenses” Meyer – strike off order at Lattun 1 day after she joins board

This is not quite what you might expect from someone awarded an MBE for services to business at the behest of Rob Terry defender Vince Cable. But then again, why someone fleeing a High Court Arrest warrant and under an FCA criminal investigation still has a gong as something of a mystery. But back to Lattun.
SBRY
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Sainsbury’s has a good Christmas

About six weeks ago, I noted why names such as Tesco (TSCO) and J Sainsbury (SBRY) remained very relevant for both the average shopper as well as the average investor. The shares have put on 10%+ since then, so I am not surprised that today’s update from the latter has led to a small share price decline this morning. It still remains relevant though or, as the Sainsbury’s third quarter headline put it, “strategy delivering volume market share gains and record Christmas”.

MKS

Marks and Sparks Could Face a Bright New Year with Pensioner Spending Power Not as Grim as it Seems

Hello Share Chewers. Many years ago now Marks & Spencer (MKS) was an alluring share. Decent dividends and a steadily rising price graph. I sold my holding when the shares attained about 340p. Good job I did because nowadays the company’s shares have struggled for years and are currently at only 141p. But a few happy recent trips to M&S move me to consider buying back in.
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