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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.- By Tom Winnifrith |
- 12 January 2023, 16:22 |
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Distil – trading slump and further financials decline, management fooling themselves or trying to fool everyone else?
Previously writing on alcoholic drinks company Distil (DIS), in October as the falling shares saw the market cap down to below £6 million I cautioned still due to stated “opportunity for new growth” and “a new, highly effective distributor” having to be proven and amidst an admitted backdrop of macro uncertainty and cost pressures. The last closing market cap was just above £6 million… but then today a “trading update”.
- By Steve Moore |
- 12 January 2023, 14:45 |
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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.- By Gary Newman |
- 12 January 2023, 13:54 |
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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.- By Tom Winnifrith |
- 12 January 2023, 12:37 |
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Virgin Wines UK – argues “one-off factors” sales impact, but what about the rest of the decline?
Previously writing on online wine retailer Virgin Wines UK (VINO), in October with the shares at 50p I noted ‘full-year results argue “resilience”… but it’s financial downgrades AGAIN’ and concluded it is particularly the cash flow and balance sheet to monitor here and the trading trajectory sees me continue to avoid. The shares last closed at above 70p but are currently back towards 50p on the back of a “trading update”, so how’s that trading trajectory?
- By Steve Moore |
- 12 January 2023, 11:50 |
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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?- By Tom Winnifrith, the Sheriff of AIM |
- 12 January 2023, 11:46 |
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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?- By Tom Winnifrith, the Sheriff of AIM |
- 12 January 2023, 11:24 |
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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.
- By Tom Winnifrith |
- 12 January 2023, 10:44 |
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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.- By Chris Bailey |
- 12 January 2023, 10:34 |
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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.”- By Tom Winnifrith |
- 12 January 2023, 10:01 |
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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.- By Tom Winnifrith |
- 11 January 2023, 16:56 |
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”.
- By Steve Moore |
- 11 January 2023, 16:18 |
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Letter to the FCA and AIM Regulation re nanosynth and Market Abuse
Yesterday’s deeply discounted bailout placing at 0.18p will have stunned some shareholders in nanosynth (NNN) who thought, as a result of RNS releases made in August and September, that the company had raised almost £3 million and was fully funded. That was a deceit. I believe that CEO Mark Duffin, PR firm IFC Advisory and Nomad SP Angel may be guilty of market abuse and have asked both AIM Regulation and the FCA to consider the matter.- By Tom Winnifrith, the Sheriff of AIM |
- 11 January 2023, 16:09 |
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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?- By Tom Winnifrith |
- 11 January 2023, 15:24 |
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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?
- By Steve Moore |
- 11 January 2023, 14:27 |
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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.
- By Tom Winnifrith, the Sheriff of AIM |
- 11 January 2023, 13:56 |
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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?- By Steve Moore |
- 11 January 2023, 11:57 |
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.- By Tom Winnifrith |
- 11 January 2023, 11:36 |
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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”.
- By Chris Bailey |
- 11 January 2023, 10:22 |
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.- By Malcolm Stacey |
- 11 January 2023, 08:14 |