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ScotGold – buried in today’s news is a cash crisis, hence current valuation insane
Scotgold (SGZ) has today served up a trading statement where the bad news is buried in a place nobody is meant to spot. One imagines that the only folks holding this stock are patriotic Saltire waving heroin addicts yakking on about how women with penises should be allowed to go into women’s prisons and share a changing room with your 13 year old daughter. Maybe our heavily subsidised friends in Scotland have not noticed the elephant in the room or maybe economics is not their strongest subject?- By Tom Winnifrith |
- 19 January 2023, 13:20 |
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Dr. Martens – “demand for Dr. Martens remained resilient”, did it though Mr Wilson?
Previously writing on footwear brand Dr. Martens (DOCS), in November with the shares slumping to 222p I questioned of its CEO who do you think you are kidding Mr Wilson, if you think the performance is ‘pleasing’? – concluding with another 2021 IPO Roll-Call of Shame and that the shares still looked overvalued. They last closed at 209.2p… and today a “trading statement”.
- By Steve Moore |
- 19 January 2023, 11:58 |
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Gear4Music hits a bum note again – another warning
Another quarter goes by and another blow for long term Gear4Music (G4M) fan Malcolm Stacey, another profits warning. The real issue, as I have noted many times before, is the balance sheet.- By Tom Winnifrith |
- 19 January 2023, 11:28 |
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My bearish view on Mode has proven to be correct as it can't secure further funding and the share price collapses again!
Writing bear pieces about any share tends not to make you very popular with people who are invested in that company, to the extent that some feel the need to engage in personal abuse, or even threats, so it is always nice to see your opinion ( and in this case, that of TW too) vindicated!- By Gary Newman |
- 19 January 2023, 11:05 |
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Keep avoiding Deliveroo shares
I have pretty much had the same view on Deliveroo (ROO) shares since its comedy IPO in 2021: by all means have a Deliveroo delivery a couple of times a year, but don’t buy the shares! I last said that in August when the shares were just below a one quid price and, despite lower bond yields and better larger cap markets since, the stock is still about the same price today. And you will not be surprised to know that today’s update is still banging on about how the online food delivery company will be profitable…at some point later this decade!
- By Chris Bailey |
- 19 January 2023, 10:34 |
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Tom Winnifrith Bearcast: But the Welsh Girlies are shite and nobody wants to watch them!
I start with the news that the Welsh women and men's soccer teams will now get equal pay. Does nobody understand economics any more? Then it is onto bitcoin and also Argo Blockchain (ARB). Then Advanced Oncotherapy (AVO) which sounds madder by the day. It certainly does not understand economics. Then nanosynth (NNN) and finally Omega Diagnostics (ODX). I wonder how this Saltire flying Scottish dickhead is doing these days?- By Tom Winnifrith |
- 18 January 2023, 16:49 |
Tissue Regenix – argues distribution agreement ‘delight’. How’s that balance sheet now?
Regenerative medical device group Tissue Regenix (TRX) has announced it is “delighted to be partnering with Kingsung Medical”for the distribution of OrthoPure XT in China. With its shares currently up by more than 7% on the day at 0.69p – with so many in issue, a £48.5 million market cap, what’s the significance?- By Steve Moore |
- 18 January 2023, 16:10 |
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Eagle Eye Solutions – argues “strong trading and confident outlook”, sufficient for the valuation?
Marketing technology group Eagle Eye Solutions (EYE) has issued a trading update including that it “is confident in delivering another year of profitable growth in line with its expectations”. But what does that mean in the context of a currently up to 542.5p share price?- By Steve Moore |
- 18 January 2023, 14:25 |
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EXPOSE: Whilst the structure of Eqtec related parties looks a concern, it is the business itself that would make me avoid it
A ShareProphets reader has asked me to take a look at Eqtec (EQT), which I’m happy to do as I’ve never exactly been a fan of the company, going back to 2019 when I last covered it.- By Gary Newman |
- 18 January 2023, 13:45 |
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BREAKING: Good news for Julie “Lingerie on Expenses” Meyer, the FCA fails us all again
A source close to the enquiry confirms that the FCA criminal investigation into Julie Meyer has been ended. She is a free woman. Well apart from that outstanding High Court arrest warrant and unpaid tax bills in the UK, Malta and America and an unsatisfied six figure personal guarantee to Barclays Bank.- By Tom Winnifrith |
- 18 January 2023, 12:45 |
Engage XR – “this coming year is set to be a seminal one”… but not for the reasons it suggests?
Describing itself as “a leading metaverse technology company”, Engage XR (EXR) has issued a trading update including emphasising “revenue for the group is expected to be €3.9m, an increase of 63% on 2021… cash collections in December being slightly ahead of schedule and revenue being better than expected in December”. So what of a current 4.525p share price, down from 13p as recently as last month?- By Steve Moore |
- 18 January 2023, 11:59 |
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Busy day as Burberry, Currys and Ibstock chat with the market
A busy Wednesday for me. Thank goodness I was not invited to the Davos meeting in Switzerland. Firstly, luxury goods company Burberry (BRBY).- By Chris Bailey |
- 18 January 2023, 10:38 |
Advanced Oncotherapy – Worth 156p, Hardman? You’re ‘Avin’ A Giraffe
Paid-for investment "research" prostitute Hardman has released an update on AIM-listed Advanced Oncotherapy (AVO). This means that 1) the company is desperate for cash (no surprises there!), 2) a placing is on the way and 3) that Crispin Odey is sweating over his multiple purchases at a premium at 25p per share when the shares were trading below the 25p par price, given that they are now worth just 11.25p per share. I have much time for Odey, but he has surely called this one spectacularly wrong on multiple occasions.- By Nigel Somerville |
- 18 January 2023, 08:47 |
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Cellular Goods – just 0.81% of the equity dumped and the shares slump 16%: far worse to come
After hours yesterday there came another TR1 from the chancers Jonathan Bixby and Mike Edwards, aka Durban Holdings, the folks who paid just 0.1p per share to obtain a stake of c31% in Cellular Goods (CBX) at the time of its 5p IPO in late 2021. Oh dear. I have told you repeatedly that this would be messy.- By Tom Winnifrith |
- 18 January 2023, 08:46 |
Home of the Knight Witch and Ship of Fools Looks Set to Click Up its Share Price even after today's statement
Hello Share Scramblers. As the snow gently floats past my study window, this old punter can’t see the everlasting craze for cosy indoor armchair gaming becoming less popular. It’s mainly the young who play and they still have disposable income, especially the growing army who still live with their parents. A company called Team 17 (TM17) is an imaginative game maker that sits well in my sights and it has, this morning, served up a cracking statement.
- By Malcolm Stacey |
- 18 January 2023, 08:00 |
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Tesco – “really pleased” with Q3 and Christmas trading, but what’s ahead?
Tesco (TSCO) states that it is “really pleased” with its recent trading performance and that it goes into the new calendar year with good momentum. So what of a current share price up to just above 246p?- By Tom Winnifrith & Steve Moore |
- 17 January 2023, 17:10 |
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Tom Winnifrith Bearcast: Cellular Goods races towards zero, tough luck David Beckham ( statement on RTO & fund raise needed)
I start with a few words on the weather here in North Wales which brings much joy to my kids and then on Warwick School historic abuse matters. Then it is on to Caracal Gold (GCAT), Corero (CNS), Cellular Goods (CBX), Dev Clever (DEV), Skinbiotherapeutics (SBTX) and THG (THG).- By Tom Winnifrith |
- 17 January 2023, 16:29 |
Ethernity Networks – its prior announcement indeed attempted ramptastic!, another discounted placing
Ethernity Networks (ENET) has issued an announcement including that it “anticipates that revenues for 2022 will be not less than $2.9 million, an increase of 10%... believe that revenues of $9 million for 2023 are achievable”. So what of a current share price fall from 9.5p towards 7p?- By Steve Moore |
- 17 January 2023, 16:19 |
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Revolution Bars – notes Christmas period sales increase... but how creditable is it?
Previously writing on Revolution Bars Group (RBG), in October with the shares falling below 11p I concluded that I could understand why – with it’s admitted challenging trading environment and I questioning an argued “exciting and transformative” acquisition. The shares last closed at 7.4p and today an “H1 Trading Update”.
- By Steve Moore |
- 17 January 2023, 14:29 |
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Twitter troll glorifies violence against Tom Winnifrith
Will the online harm bill do anything to protect journalists facing constant online harassment including a celebration of violence against them? I doubt it. I bring you Tuesday's TW troller of the day.- By Tom Winnifrith |
- 17 January 2023, 14:01 |