Vast Resources – less than 2 working days away from suspension or is a deeply discounted placing underway?
Last year Vast Resources (VAST) had to complete an emergency and deeply discounted fund raise in October as without it the auditors argued the company was insolvent and so refused to sign off on the books. Even post placing they flagged up a material uncertainty. So what of 2022?
- By Tom Winnifrith, the Sheriff of AIM |
- 28 October 2022, 11:55 |
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Happy Anniversary Baby, Got you on my mind – Eurasia Mining
Younger readers than myself may have to do a google on the track from the Little River Band but the reference today is Eurasia Mining (EUA) as we have yet another anniversary in the great bid spoof. This matters as Eurasia rapidly runs out of cash. This is a one year anniversary. To recap:
- By Tom Winnifrith, the Sheriff of AIM |
- 28 October 2022, 11:33 |
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GOTCHA: Bidstack forced to fess to damning email thanks to the Sheriff of AIM but it still dissembles
I wrote to AIM Regulation yesterday and it is clear that it has acted forcing the rogues at Bidstack (BIDS) to come clean about the “Private” bust up with Azerion email sent to some clients of Nomad Stifel yesterday, an email, that thanks to Winnileaks, I published in full within hours of it being sent. And the regulators have forced hapless Lyin’ James Draper to roll back on claims in that email.
- By Tom Winnifrith, the Sheriff of AIM |
- 28 October 2022, 09:45 |
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Letter to AIM Regulation: Enough is enough, this (third) time surely it must slam Bidstack?
Yet again Bidstack (BIDS) has leaked clearly price sensitive information into the market to only certain folks, that is to say, selected clients of its Nomad and broker Stifel, rather than via RNS as I exposed earlier HERE. But this is not the first such sin by Bidstack which it has committed in collusion with Stifel.
- By Tom Winnifrith, the Sheriff of AIM |
- 27 October 2022, 19:56 |
Newmark Security – emphasises current year trading improvement, but how sustainably?
Provider of electronic, software and physical security systems Newmark Security (NWT) has issued a trading update including noting full-year “strong revenue growth, with revenue of approximately £19 million (2021: £17.6 million)” and that it has “implemented a programme of strict cost control and increased prices”. What of the shares currently responding up to 31.5p, more than 23% higher?
- By Steve Moore |
- 27 October 2022, 17:09 |
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Tom Winnifrith Bearcast: this is a bloody good one if I say so myself
Sometimes I switch off my PC thinking that was not a very good podcast. Most days I am content but today is one of those days when I think "that was a bloody good podcast" I start of with why this website is not free and how you need to change business models if the world changes and then as to the strange idea that we have a "house view" on any given stock. That is with reference to ITM Power (ITM) which I then cover in detail (more ouzo for me and for Peter Brailey, cold cabbage water for comrade Malcolm Stacey of the 6th Guardianista peaceand flower power corps). I also look in detail at the spoof from Advanced Oncotherapy (AVO), Deepverge (DVRG) en passant, but which is covered in more detail HERE, and Bidstack (BIDS) after my bombshell expose c/o Winnileaks earlier. A good day's work. Now I can go and weed my onion patch in peace.
- By Tom Winnifrith |
- 27 October 2022, 15:45 |
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Inspecs – sharp order book deterioration, argues still “well placed” but is it really?
‘Eyewear and lens’ design and manufacturing group Inspecs (SPEC) commences a trading update with that “On a constant currency basis, the group has seen sales growth across Europe, UK and the US… as well as in the group's manufacturing businesses in Vietnam and China” and also argues that it “continues to increase its market share”. So why are the shares currently down to 52.5p on the announcement?, a more than 50% fall!
- By Steve Moore |
- 27 October 2022, 15:37 |
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EXPOSE: Tintra : more losses, multiple rule breaches and more jam tomorrow
This company wants to be a regulated financial services player so you might have thought that sticking to the rules mattered. Er...
- By Tom Winnifrith |
- 27 October 2022, 13:51 |
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Wildcat Petroleum admits it again misled investors and broke rules as placing confirmed
Of course, Wildcat Petroleum (WCAT) lied to investors with its very first RNS as a quoted company so what follows suggests that this wild cat is a leopard and its spots have not changed.
- By Tom Winnifrith |
- 27 October 2022, 13:43 |
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I will not be losing my Lloyds Bank shareholder virginity status
I have never admitted this publicly before, but when I was 18 and setting up a university bank account I wanted one at Lloyds Bank (LLOY). However, it never worked out and I ended up with one of its competitors (absolutely nothing to do with the extra ten quid offered as a “joining bonus”). And, funnily enough, I have never owned Lloyds Bank plc shares either during my investment life, as there was always something potentially better or more interesting or something else. Nevertheless, I listened to the group’s conference call earlier today for a bit of light corporate earnings season excitement. What did I make of the “fast evolving and uncertain environment”, where apparently “the group is performing well”?
- By Chris Bailey |
- 27 October 2022, 13:24 |
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BREAKING: Private email: Bidstack fesses to Azerion litigation, end of partnership, spins as a takeover ploy
This is shocking. What is clearly adverse information is being withheld from the market but is being sent to selected investors by Lyin’ James Draper the CEO of Bidstack (BIDS). None of what is in the email below, received via the Winnileaks service today, is referenced in yesterday’s trading update. This is shocking. Surely even the Oxymorons at AIM Regulation should force a statement?
- By Tom Winnifrith, the Sheriff of AIM |
- 27 October 2022, 12:29 |
CloudCoCo – argues “strong strategic and commercial progress”…but if EBITDA is bullshit earnings, what is “Trading EBITDA”?!
UK provider of IT and communications services to businesses and public sector organisations, CloudCoCo Group (CLCO) states that it “is pleased to provide an update on its progress for the year ended 30 September 2022”... and the shares have currently responded approaching 40% higher to 1.325p. So how well is its trading going?
- By Steve Moore |
- 27 October 2022, 12:18 |
Made.com – another nail in the coffin: company talking to administrators yet?
I wonder how top brokers value Made.com (MADE) these days? Meanwhile back in the real world we have another nail in the coffin.
- By Tom Winnifrith |
- 27 October 2022, 12:15 |
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Deepverge raises £10-12.5m at 2p: everyone (apart from existing shareholders who are utterly screwed) is happy.
£10 million in a placing at 2p. Plus a broker offer raising up to £2.5 million more. Lovely Jubbly. Everybody connected with the POS Deepverge (DVRG) is happy, except shareholders who have, again, been royally screwed. As I oft predicted. So who are the winners on a day when Deepverge fessed up to yet another undeclared related party transaction involving Gerry “the arse” Brandon.
- By Tom Winnifrith |
- 27 October 2022, 11:24 |
Union Jack Oil – spot the difference competition
With a hat tip to our own Gary Newman I bring you two screen shots from Union Jack Oil (UJO), the company run by journalist trolling David Bramhill. One was a statement it made after Liz Truss ended the fracking ban. The second is a tweet issued by the troll and his company after Rishi Sunak moved to re-ban fracking. Now can you spot the difference? As a tie break in case that proves too easy, in 100 words might you explain in the comments section below, why such commentary makes Mr Bramhill suitable to run a public lavatory let alone a public company?
- By Tom Winnifrith |
- 26 October 2022, 17:35 |
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DX Group – following two years corporate governance shambles, a Chairman change EGM notice
Writing on parcel freight, secure courier and logistics services group DX (DX.), last week with the shares at 24p I questioned two years corporate governance shambles “concluded” and that with also it still very much having to prove its corporate governance “progress” and also still without a CEO, I continued to avoid. Now a 20% shareholder in the group has announced it has served notice to convene an EGM to vote down Executive Chairman Ron Series and replace him with Mark Hammond.
- By Steve Moore |
- 26 October 2022, 17:31 |
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Tom Winnifrith Bearcast: a new share bought by my pension
I end the podcast discussing what it is and what my short and long term targets are and why. I start with Brent Hoberman and when we crossed swords first and why he is such a wanker. That was back in the days of Lastminute.com (LMC) and it showed me how the British establishment always looks after its own however much they screw up. Brent was the founder of Made.com (MADE) which I discuss. Then it is onto Union Jack (UJO), Angus Energy (ANGS), IGAS (IGAS) and Uk Oil & Gas (UKOG) and fracking. I look at Bezant Resources (BZT) as wretched Colin Bird prepares for his next bailout with all the usual ramping. Finally, TP Group (TPG)
- By Tom Winnifrith |
- 26 October 2022, 17:13 |
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It remains wise to buy Reckitt Benckiser's product and, despite a fall today, its shares
I guess I have been a professional analyst and investor for the last twenty-six years, but obviously as a buy side and not a sell side operator. As I may have said before, I learnt early on that the more I could ignore brokers and do my own research, the better I would do. And that still remains my thought today as I still think, a bit like the academic world, the biggest risk is that you end up knowing more and more about less and less. And that brings us to today’s Q3 update from Reckitt Benckiser (RKT).
- By Chris Bailey |
- 26 October 2022, 15:43 |
Virgin Wines – full-year results argue “resilience”… but it’s financial downgrades AGAIN
Online wine retailer Virgin Wines (VINO) has announced results for its year ended 1st July 2022, stating that it is “pleased to report the group's second set of annual results as a public company, following our admission to AIM in March 2021… looks to the future with confidence”. The shares have currently responded slightly higher to 50p, but that still compares to above 100p as recently as June.
- By Steve Moore |
- 26 October 2022, 15:28 |
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BREAKING: Now almost bankrupt Made.com lies to its customers (AGAIN) as it stops taking orders
Yesterday, Made.com (MADE) admitted that having failed to refinance and failed to find a trade buyer the game was almost up. What else would you expect from a company founded by blaggers and bluffers like Lastminute’s Brent Hoberman and Chloe Macintosh who is now pushing Kama, a sexual awakening app and which has booked a stonking loss in every year of its 11 year history. Millionaire banksters might not have seen this coming but I sure did. Today the company had more news for investors as it AGAIN lied to its customers.
- By Tom Winnifrith |
- 26 October 2022, 15:26 |