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Latest News

Bearcast
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Tom Winnifrith Bonus Bearcast: Who painted the Earl of Abingdon & is Deepverge's Gerry Brandon spoofing about being fired as CEO to get bailout placing away?

The mystery of the Earl of Abingdon remains and it is why I am late with the first of two podcasts today. Then onto Deepverge (DVRG) the firing of Gerry Brandon (real or spoof), the 100k screw by Mrs Brandon and the placing about which the company cannot but help tell a porky.

WTB
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I remain a fan of both staying at a Premier Inn and owning shares in Whitbread

As I noted most recently last week, I am a big personal fan of Whitbread plc (WTB) and its Premier Inn brand. I even contributed a few quid to its profitability numbers over recent months. How excited am I then about its “performance driven by our ‘investing to win’ strategy over the last two years”, “well-placed to capitalise on the strong market recovery in the UK and Germany”, and “adjusted profit before tax of £271.9m, including £24.9m losses in Germany”?

CNS

Corero Network Security – trading warning, how confident should it really be on final quarter activity?

Previously writing on cyber network security company Corero (CNS), last month with the shares at 10.5p I concluded that the bottom-line outlook and half-year financials saw me continue to avoid. The shares last closed at 11.25p but are currently back at 10.5p on a trading update, so what’s the latest?

SCLP
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Scancell Shoots Higher On Commercial License But Is It A Bare-Faced Ramp?

AIM-listed Scancell (SCLP) was a company that I tipped – very unsuccessfully – in the past, on hopes of making pots of cash out of its medical technology. I sold, and needless to say, the shares then shot higher amid the Covid pandemic. But more recently, the ski-slope (downwards) reasserted. Until this morning.

CDL
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Cloudbreak Discovery – Another Round Of Death Spiral: Look At The Chart!

I warned in June of last year, when Cloudbreak DIscovery (CDL) joined the sub-Standard List (then as Imperial X) that a £10 million death spiral facility would be trouble for the then (at IPO) £11.7 million capitalised company, with the shares at 3p.

ETP

Eneraqua Technologies – contract wins & order book excitement, but net cash generation?

Energy and water systems company Eneraqua Technologies (ETP) has announced contract wins “taking cover for its FYJan24 revenue target to 85% (from prior 72%). The order book continues to provide full revenue cover for the FYJan23 revenue target”. What of a current 14.5% higher share price to 300p in response?

Bearcast
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Tom Winnifrith Bearcast: Hanging is too good for them but at least how about a suspension

I mention, en passant, our next PM the economically illiterate Rishi Sunak and how boorish I find Tory MPs. Then I look at Vast Resources (VAST), Pure Gold (PUR), Mirriad (MIRI), Deepverge (DVRG) and Advanced Oncotherapy (AVO) and the fat conceit that is Crispin Odey.

KAV
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The latest pump and dump from Ben Turney at Kavango – what would old flip flop have thought of this nonsense?

Flip flop Ben Turney used to be a (pretty good) journalist on this website exposing pump and dump CEOs who talked bullshit. What would the Ben Turney of old think of his latest antics at Kavango Resources (KAV), CEO Ben Turney of the parish of Flip Flop.  According to flip flop, as he today announced a £3 million placing at 1.8p, Kavango is “targeting the discovery of world-class mineral deposits in Botswana”. In a similar vein, thanks for subscribing to ShareProphets, your cash will allow me to continue targeting a night in the sack with Cheryl Cole. This latest placing is a shocker.

SUP

Supreme plc – how ‘pleasing’ really is its first half performance?

‘Fast-moving consumer products’ company Supreme (SUP) states for its half-year ended 30th September 2022 that it “is pleased with the group's performance across the period, with trading in line with expectations for the year… remains positive about the group's future growth prospects” – and the shares have currently responded approaching 8% higher to 83.5p, though still comparing to above 110p as recently as August.

DVRG

Deepverge shares tank another 17% - now just 2p to sell: statement needed asap!

The silence is ominous. If Deepverge (DVRG) cannot get a placing away it will have no cash and £4 million of debt (plus interest) to repay. It is, in short, screwed. Toast. Kaput. A dead parrot. It wanted to raise £9 million at 5p. Then it became at 3p. Then, the word is, it became 2p. But with the shares are now just 2p to sell

GKP
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Gulf Keystone is well positioned to benefit from continued oil price strength - BUY

Oil has been showing signs of weakness in recent months after hitting highs of nearly $140/barrel – for Brent – earlier this year, and has suffered over concerns about the economic situation in many countries in the coming months.

FCRM

Fulcrum Utility Services – trading warning, cash flow and the balance sheet indeed not good!

Previously writing on Fulcrum Utility Services (FCRM) in May with the shares at 7.3p, despite it stating that its “core multi-utility contracting business has remained relatively unaffected by… the UK energy market has continued to experience considerable turbulence”, I concluded that I’d want some clear evidence of an overall turnaround before considering a positive stance. Today a further trading update.

PSON
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We could talk about politics…or Pearson plc

Did anything happen in UK politics over the weekend? Personally, I was not too surprised that “BoJo” decided not to play given everything that has happened in the last year or two, plus his upcoming Commons Privileges Committee investigation. Of course, he still fancies himself as a returning future prime minister later in the 2020s. My view about what is much more likely over the rest of this decade involves more debt, more tax and slower economic growth in an ageing population world but onto other matters.

PUR
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Pure Gold – Pure Ouzo Time As Fat Lady Hangs In The Wings: Told Y’All

I have been an uber-bear on sub-Standard and TSXV-listed Pure Gold (PUR and TXSV:PGM) ever since first writing about it in April of this year – and that from a Gold-bull. This morning we had news that has me racing for the Ouzo cupboard for my breakfast.

SMDS

Popular Outfit that Thinks Inside the Box should Rise on a Growing Trend

Hello Share Spanners. Now ain’t the best time to buy shares, unless perhaps you can find a firm in accord with modern trends that makes and supplies stuff that’s essential to other companies. One such idea is DS Smith (SMDS), which is not an outfit I’ve featured before.

Bearcast
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Tom Winnifrith Bearcast: the Lenigas Law & 1 other proposal for the UK stockmarket

Events at Wishbone Gold (WSBN) where I am, of course, a loyal shareholder, prompt me to suggest a change to UK Regulation, the Lenigas Law. Today's Wildcat Petroleum (WCAT) exposé prompts me to suggest another. I comment on how if Rishi Sunak is "sound money" man then I am slimmer of the year before flagging up a far bigger political influence on markets over the coming six weeks. 

WCAT
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BREAKING: Wildcat Petroleum makes outrageous claims as tries to complete Pello placing by Monday night!

This is simply shocking. The proven reserves Wildcat Petroleum (WCAT) owns are zero. Nil. Rien. Yet in emails boss Mandhir Singh has been pinging out which have fallen into the hands of Winnileaks he is claiming that his company is “billion (sic) of barrels of oil”. And after a massive pump last week. Guess what….

Gold
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The View From The Montana Log-Cabin As Gold Goes Nowhere

Gold finished the week at $1658 – marginally up on last week’s $1645 but essentially unchanged. However, as gold hovers around its recent low, Gold miners have picked up a smidgeon, as can be seen from my chart of Gold vs GDX (Gold majors ETF), GDXJ (Gold juniors) and GOEX (Gold explorers). I discussed a potential M&A frenzy HERE in the wake of three potential bids for AIM-listed Shanta Gold (SHG) and wonder if that might be showing up in the chart.

Crime-Scene
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BREAKING: The £65m boiler room FCA boss Mark Steward refuses to act on, so now the lads are at it again – Eden Pharma

Time and time again I warned on this website that Appbox Media and OneTrueView were boiler room scams. In all £65 million was stolen from investors who have lost everything. I did contact the FCA about this matter and in May this year, Mark Steward Executive Director, Enforcement and Market Oversight finally replied. He washed his hands of the matter which is good news for the chaps involved as they are at it again! Maybe they can take the total stealings to £100 million while the FCA sleeps.

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