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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 |
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Essentra – 2022 pre-close trading update, still a relatively lower-risk Buy?
Essentra (ESNT) has issued a full year 2022 pre-close trading update including that its “resilience is supported by its breadth of customers, market categories, geographies and acquisition momentum” and confirming an intention to return approximately £150 million to shareholders this quarter. So what of a current 218p share price?- By Tom Winnifrith & Steve Moore |
- 10 January 2023, 16:57 |
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Sosandar – argues ‘pleasing’ third quarter, but how pleased should it be?
Women's fashion brand company Sosandar (SOS) states that it “is pleased to provide” a trading update covering the three month period ended 31st December 2022 but the shares have currently responded just over 2% lower to 21.5p. So how ‘pleasing’ is the update?- By Steve Moore |
- 10 January 2023, 16:27 |
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Tom Winnifrith Bearcast: if Nanosynth was US listed its directors & advisors would be getting an SEC collar feel
I dropped my two year old off at school for the first time today. I am sure every parent knows that moment well. I move from that onto Nanosynth (NNN), a scandal for all concerned where my warnings have been 100% vindicated today. So its ouzo there but also at Canadian Overseas Petroleum (COPL). I look in detail at Eden Research (EDEN) and cover Anglesey Mining (AYM) and Trevor Brown's POS Braveheart (BRH)- By Tom Winnifrith |
- 10 January 2023, 14:50 |
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Tap Global IPO – You is 'avin' a Turkish: this is a truly mad valuation even by the standards of shitcoin
I today asked the advisers to Tap Global (TAP) which joined the Aquis lobster pot today via a reversal into Quetzal Capital to justify why Tap was worth £20.5 million and 4.5p and the enlarged group worth £32.2 million. There has been no answer. Why? Because even by the standards of shitcoin and crypto-shite this valuation is bonkers. It’s a car crash in the making and shames all involved.- By Tom Winnifrith |
- 10 January 2023, 13:41 |
Hornby – “behind budget” and is “confidence in consumer spending” likely to remain?
Previously writing on models and collectibles company Hornby (HRN), in April with the shares up to 34.5p I continued to avoid noting it looks to remain that the valuation demands some strong growth in profitability. The shares last closed at 29p and are currently further down to 24p, so what about a latest “trading statement”?
- By Steve Moore |
- 10 January 2023, 13:37 |
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Canadian Overseas Petroleum – Letter to FCA as disclosure rules broken again, does anyone care?
Not for the first time I find myself writing to the FCA as the regulator, no sniggering at the back, of the Standard List. And not for the first time it is about Canadian Overseas Petroleum Limited (COPL) which appears to be in terrible financial trouble and is now, apparently, breaking listing rules. This company’s shares should be suspended at once pending a statement. The letter is below.- By Tom Winnifrith |
- 10 January 2023, 12:45 |
Hostmore – “trading update and board change”, how effective currently is its “elevating our positioning”?
Previously writing on 'Fridays' (formerly TGI Fridays), '63rd+1st', and 'Fridays and Go' restaurants and bars company Hostmore (MORE), in November with the shares at 15.245p I questioned how effective its “elevating our positioning” is going to be against current headwinds. Today a “Trading Update and Board Change” announcement… and the shares currently slumping from a last close above 14p to below 11.5p, so what’s the detail?
- By Steve Moore |
- 10 January 2023, 12:44 |
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EXPOSE: Canadian Overseas Petroleum - once again hiding the grim truth from its shareholders
Last year ShareProphets highlighted how standard listed Canadian Overseas Petroleum Limited (COPL) had defaulted on its main credit agreement but then raised $8 million of fresh equity at 20p a share without revealing the default to prospective investors. Canadian hid the default for four months before it finally published its annual accounts and buried the details of the default in the notes.- By Evil Banksta |
- 10 January 2023, 12:19 |
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A surprise at AO World and management change at SIG plc
I was a bit surprised to read from AO World (AO.) today that “the Board now expects Adjusted EBITDA to be in a range of £30m to £40m for the full year, ahead of our previous guidance”. Congratulations to it, with (apparently) “the actions taken by the business to reduce costs and improve margins” helping push the shares up by 5% today as I write.- By Chris Bailey |
- 10 January 2023, 10:27 |