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Versarien: ignore today’s piffle it is delayed results that should panic holders
Company in crisis Versarien (VRS) has today issued an RNS Reach about it getting an eco passport for a product nobody wants to buy. An RNS Reach is one that the nomad deems “not financial significant.” And for the fraudsters’ fave Nomad SP Angel to make that ruling means this news must be almost irrelevant. The key issue is results. Or lack of them.- By Tom Winnifrith, the Sheriff of AIM |
- 27 January 2023, 08:13 |
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Zytronic – now a recovery Buy?
In August we downgraded our stance on touch sensors company Zytronic (ZYT) to sell with the shares at 135p as we noted the short-term outlook looked challenged. Despite the recent somewhat stock market recovery, that has proven sensible as the shares are now at an offer price of...135p. That is though a recovery from 112.5p at the start of October and there now looks reason to believe that the recovery has a good deal further to go.- By HotStockRockets |
- 26 January 2023, 17:22 |
Chamberlin – after ‘Corporate Update attempted ramptastic’, “placing and subscription” (quelle surprise!)
Previously writing on castings and engineering company Chamberlin (CMH), last month with the shares up to 3.95p I noted “Corporate Update”, attempted ramptastic?… And now a “pleased to announce” equity raise – quelle surprise!
- By Steve Moore |
- 26 January 2023, 17:21 |
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Niox Group – far more than just the name which has changed?
Until September this business was Circassia Group – one from the kennel of Woodford dogs as frequently covered on this website. It is now Niox Group (NIOX) – and it is far more than just the name which has changed.
- By HotStockRockets |
- 26 January 2023, 16:40 |
Strix – to “prioritise debt reduction”, what about the only in November argued “strong balance sheet”?!
Kettle safety controls and other water temperature components group Strix (KETL) has issued a trading update including that it “has achieved adjusted profit after tax for the full year of approximately £23m” and “the disruptive effects of ongoing lockdowns being enforced in China are now beginning to show signs of abating”. So what of a current share price response up by more than 10% to 100p?- By Steve Moore |
- 26 January 2023, 16:10 |
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Even if somehow Mode Global survives as a company, it looks like it is game over for current equity holders
A week ago I wrote about the latest update from Mode Global Holdings (MODE), stating that it was unable to secure any new funding, and I concluded that this likely meant a wipe-out for equity holders and that you should avoid it all costs. Some have tried to pump it, saying it was actually worth multiples of the 1.25p that it crashed to and that I was wrong and the EMI licence that it holds, and which basically enables its app to offer the financial services that it does, is actually worth a fortune and buyers would be queuing up for it.
- By Gary Newman |
- 26 January 2023, 14:05 |
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Novacyt – trading update argues “good progress transitioning away from COVID-19 revenue”. Er, really?!
Novacyt (NCYT) headlines a trading update with “Full year revenue and EBITDA in line with guidance. Remain focused on post-COVID-19 growth strategy to become a leading global clinical diagnostics company in infectious diseases”. But with the shares currently down more than 6% in response to 75p, what’s the detail?- By Steve Moore |
- 26 January 2023, 13:47 |
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I don’t drink but I want to buy more Diageo shares
A year ago I bored you all by observing that Diageo (DGE) is the sort of pension fund holding that even a non-drinker such as myself can get excited about. My first bad day level was a sub thirty-five quid share price and we hit that a month or two later. And I note this morning, after the publication of its H1 numbers, that we have hit that level again.
- By Chris Bailey |
- 26 January 2023, 11:58 |
CAP-XX – “current funding is sufficient for the company's expected needs”… For how long though?
Describing itself as “a world leader in the design and manufacture of supercapacitors and energy management systems”, CAP-XX (CPX) has issued a “trading and operational update” including noting sales order book and pipeline increases. So why currently a 3.4p share price… down more than 24%?!- By Steve Moore |
- 26 January 2023, 11:39 |
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Rurelec – trading statement, Oh dear…
AIM-listed Rurelec (RUR), the carcass of which has somehow survived the wreckage brought under the Peter Earl era, has offered up a trading statement and the news is not good at all.- By Nigel Somerville, the Deputy Sheriff of AIM |
- 26 January 2023, 08:27 |
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Ariana Resources – drilling news from potential game-changer
AIM-listed gold producer Ariana Resources (AAU) has announced drilling news from its Salinbas project in north-eastern Turkey, where approximately 22,000 metres of drilling is planned and 8,000 metres have been drilled.- By Nigel Somerville |
- 26 January 2023, 08:10 |
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Tom Winnifrith Bearcast - Not sure when the next one is
I am on a road trip from tonight on Warwick School business so am not sure when the next podcast is. Maybe tomorrow, maybe Friday or even Saturday. Then there is the news that 45% of ShareStock seats now taken - book yours for September 23 HERE. Ahead of that I have some very bearish macro ponderings about the state of the UK, then cover Caracal Gold (GCAT), Predator Oil & Gas (PRD), the fraud Supply@ME Capital (SYME), Deepverge (DVRG) and - in depth - Inland Homes (INL)- By Tom Winnifrith |
- 25 January 2023, 15:51 |
Biome Technologies – trading update and ‘looks forward to providing a further update with results in April’. Should it be?
Describing itself as “a leading bioplastics and radio frequency technology business”, Biome Technologies (BIOM) has issued a trading update for the 2022 calendar year including net cash ‘ahead of expectations’ and RF Technologies division revenue doubled to £1.8 million. So what of a current approaching 3% lower share price response to 85p?- By Steve Moore |
- 25 January 2023, 14:55 |
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BREAKING - Caracal: another letter to Andrew Monk and this is not a fishing trip by me
The adviser to disgraced and technically insolvent Caracal Gold (GCAT), Mr Andrew “the Monkey” Monk of VSA Capital has yet to reply to any of my letters about the insider dealing, undeclared share trades and pledges, undeclared death spiral and tardily declared failed fundings. But he should know that I write to assist him and that I am not on a fishing trip, just trying to assist my old friends at what the Monkey terms Very Sexy Andrew Capital. In that spirit of friendship I have written again, ccing in the fellows at the FCA who are investigating Caracal and its bent board.- By Tom Winnifrith |
- 25 January 2023, 14:07 |
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Kefi – Tulu Kapi financing update, not the news we wanted but what we want is imminent; Buy
Kefi Gold & Copper (KEFI) has issued a Tulu Kapi gold project financing update including that it is “pleased to report that all lead contracting and equity investment parties have agreed their draft agreements… The company expects all outstanding issues to be addressed imminently, the exact timing of which will largely be driven by the Government process”. Is this "funding secured"?- By HotStockRockets |
- 25 January 2023, 13:07 |
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Predator Oil & Gas: Drilling failure now prompts cash crisis: the shysters aren’t trolling me any more!
Oh Dear. Oh Dear. Companies where there appears to be a culture of insider dealing and whose bosses think that trolling me on twitter is a way to create value are ones where it usually ends in tears for the morons and that brings us neatly to a company which, thanks to drilling failure today, is in crisis, Predator Oil & Gas (PRD).- By Tom Winnifrith |
- 25 January 2023, 12:17 |
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XP Factory – trading update, what’s the cash flow detail?
Describing itself as “one of the UK's pre-eminent experiential leisure businesses operating the Escape Hunt and Boom Battle Bar brands”, XP Factory (XPF) states that it “is pleased to provide an update on trading for the year to 31 December 2022”… and what of a share price currently up to 17.75p?- By Steve Moore |
- 25 January 2023, 11:38 |
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Home REIT – slowly the truth is dragged from it.
Well done City AM. When not promoting shitcoin to your readers on an industrial scale, your paper continues to do a sterling job dragging the truth from Home REIT (HOME). Today yet another fess up is forced from the shysters.- By Tom Winnifrith |
- 25 January 2023, 11:12 |
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Some rising excitements at easyJet (despite some continued losses)
You may have seen yesterday from Carnival plc (CCL) that apparently "Cunard has reported that in the first week of January it has booked more guests than any equivalent period in the last decade”. How wonderful for the top few percent…but what about the average traveller? And that brings us to the first quarter update published this morning from easyJet (EZJ).- By Chris Bailey |
- 25 January 2023, 10:15 |
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UPDATED: Cenkos note on Bidstack, er that's it: not a good sign
Is the note below the shortest research note in history? It sure isn't a good read for morons still owning this stock.- By Tom Winnifrith, the Sheriff of AIM |
- 25 January 2023, 08:36 |