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Why the house price bubble is going to burst but it is not as dramatic as it sounds
One day the Daily Mail, which is obsessed with house prices, tells us that house prices are soaring, the next day we are told that they are slumping. The reality is that neither is true or will be true. Instead what will happen, as the now roadsweeping Chris Bailey always flagged up, is that prices will increase only marginally in actual terms but in real terms will shrink for the rest of this decade. But that has profound implications.- By Tom Winnifrith |
- 21 February 2024, 10:17 |
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Roger Lawson's conclusions on Globo: should we tar all Greeks with the same brush?
The Globo (GBO) fraud claimed to be drowning in cash. In fact it had just debt. There were numerous red flags but its supporters, like Roger Lawson, suggested that we critics were wrong. Only after Gabriel Grego’s bombshell report, which only this website had the cojones to publish while snot gobbler Dan McCrum of the FT merely alerted the CEO so he could dump millions of shares, and when Globo admitted it was a fraud did Lawson accept that we were right. The great man has now spoken after news broken by this website that the FCA is not going to do anything about such a slam dunk fraud.- By Tom Winnifrith |
- 21 February 2024, 08:28 |
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Tom Winnifrith Bearcast: ouzos all round but let's start with vindication as La Willingham and Nightcap 'fess up to everything I stated
In today’s Bearcast I discuss my latest ailment which will joy to many as it hits my ability to write. Then it is Nightcap (NGHT),Ben's Creek (BEN), Horizonte Minerals (HZM) and Predator Oil & Gas (PRD).- By Tom Winnifrith, the Sheriff of AIM |
- 20 February 2024, 16:38 |
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Revolution Beauty – after recent news flow hitting the share price, “Grant of Share Options” time (natch!)
Having been approaching 34p late last month, group considering itself a “mass beauty innovator” Revolution Beauty (REVB) has since made announcements including noting a pre-action letter from Chrysalis Investments, a settlement agreement with a co-founder former CEO, a warning on trading and a change of auditor despite BDO only having been its auditor since 2019. The shares are resultantly down to 27.9p… and now “Grant of Share Options”?!- By Steve Moore |
- 20 February 2024, 16:05 |
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Max Rets Ventures – yet another listed company controlled by the, now collapsing, Dominic White web of companies
I discussed the POS in bearcast yesterday and today shares in Max Ret Ventures (MAX) have again slumped to just 3p to 10p – they were 20p mid two days ago! Even so they are a total bargepole stock and, after the collapse of Dispensa (DISP), I wonder if this is the next part of the Dominic White/Alessandro Zamboni empire to collapse. According to Max’s website the following shareholders are interested in 3% or more of the Company’s issued ordinary share capital:- By Tom Winnifrith |
- 20 February 2024, 14:45 |
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Tom Winnifrith Bonus Bearcast: Optibiotix and Skinbiotherapeutics and the nature of forecasts
The sole subject is what is in the title: Optibiotix (OPTI), SkinBiotherapeutics (SBTX), the nature of forecasts and how both will play out.- By Tom Winnifrith |
- 20 February 2024, 14:33 |
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Pod Point – trading update & CEO appointment. How “outstanding” is the opportunity really?…
Describing itself as “a leading provider of Electric Vehicle charging solutions in the UK”, Pod Point Group (PODP) states that it is “pleased to announce”a trading update ahead of its 2023 calendar year results to be announced in April and the appointment of a new CEO. With the shares currently responding more than 7% higher to above 23p, how ‘pleasing’ is the news?- By Steve Moore |
- 20 February 2024, 13:49 |
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EXPOSE: Technology Minerals another spoof release, are its shareholders dumb enough to fall for it? Yes they are!
Drowning in the stench of fraudster Chris Cleverly, the first cousin of our esteemed Home Secretary and fearless fighter of fraud James, Technology Minerals (TM1) has issued another ramptastic and wholly misleading RNS. It seems to have fooled some of the morons…- By Tom Winnifrith |
- 20 February 2024, 12:03 |
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Engage XR – emphasises “Major Contract Wins”, but how ‘major’ really?…
Describing itself as “a leading Metaverse / spatial computing technology company”, Engage XR (EXR) has issued a “Major Contract Wins”-titled announcement and the shares have currently responded more than 40% higher to 3.6p. So very major indeed contract wins?- By Steve Moore |
- 20 February 2024, 10:57 |
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BREAKING: Supply@Me Capital – VE Chain deal terminated, any chance of an RNS?
In my note yesterday on the insolvent fraud Supply@ME Capital (SYME), I looked at the various inventory monetisation deals that Supply had actually resulted in inventory monetisations, ignoring all the potential deals highlighted such as the Captive Bank, the Fintech bank and Stormharbour Securities (now in administration) funding which never materialised.- By Tom Winnifrith |
- 20 February 2024, 10:25 |
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Some bears are on the pitch, they think it’s all over…Horizonte Minerals after hours ‘fess up – TIMBER
Issuing yesterday’s car crash release after hours was a bit sneaky but you can expect Horizonte Minerals (HZM) shares to collapse today and if you can sell for more than 0p, the now inevitable end game, you should do so. Sorry Gary Newman, BB savant PL et al, we bears, myself, Evil Banksta and Lucian have been vindicated and it is ouzo’s all round for us. The news is devastating.- By Tom Winnifrith, the Sheriff of AIM |
- 20 February 2024, 08:25 |
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Why send me this release? And what does it mean? An ESG jargon bingo winner
I have no idea why I was sent this press release. And I also struggle to understand what it is all about. For those who enjoy woke gibberish it will, I suspect, offer some delight and will help you score highly on ESG catchword bingo. Enjoy. “Breaking Barriers: Gender Lens Investing reshaping financial landscapes”- By Tom Winnifrith |
- 20 February 2024, 08:24 |
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Tom Winnifrith Bearcast: a red face at the school gate this morning
I start with a bit of a schoolboy error from myself causing red faces all round at the Winnifrith family then it is onto Cavendish Financial (CAV), Technology Minerals (TM1), Faron Pharma.(FARN), Wildcat Petroleum (WCAT), Powerhouse Energy (PHE), Versarien (VRS) and problems and another scandal for auditors BDO, another Dominic White disaster Max Ret Ventures (MAX) the White/Zamboni empire is collapsing.- By Tom Winnifrith |
- 19 February 2024, 16:16 |
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Dialight – 2023 results, anything to do with the CEO “step down… with immediate effect”?…
Describing itself as “a global leader in sustainable LED lighting for industrial applications”, Dialight (DIA) has announced results for the 2023 calendar year including emphasising “stronger performance in the second six-month period… net debt at 31 December 2023 reduced to £12.3m… remains confident in the refreshed strategy and the medium-term benefits of the transformation project”. So what of a current 154p share price, down from approaching 240p in September?- By Steve Moore |
- 19 February 2024, 16:15 |
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Supply@Me Capital – exploring the supposed bull case for this technically insolvent fraud
In the interests of balance as I am a fair minded sort of chap, I bring you a note in which I explore the bull case, as expounded on various bulletin boards, for holding shares in Supply@ME Capital (SYME). In this analysis, just like the Bulletin Board Morons, I ignore the cash crises impacting Supply, Regtech Open (RTOP) and The Avantgarde Group and Alessandro Zamboni’s inability to deliver on the majority of his promises. I admit that these are massive elephants in the room but I am trying to show balance. I am, as always, just too much of a nice guy.- By Tom Winnifrith |
- 19 February 2024, 14:45 |
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Private Eye may be illiterate but it recognizes an “influential investment website” when it sees one
Thanks to kind reader A, I bring you a page from this week’s Private Eye where it appears to recognize the good work done by this website even if it cannot actually spell our name. Poor Uncle Chris, who co-founded the Eye, will yet again spin in his grave. The article concerns the woes of struck off dentist Ajan Rejinald which we have exposed on this website and which the Eye is now regurgitating. As is always the case, but especially with the Novacyt (NCYT) trial looming, anyone owning shares in Rejinald’s Roquefort (ROQ) needs their head examining.- By Tom Winnifrith |
- 19 February 2024, 14:42 |
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Revisiting the hidden auditor warnings from Canadian Overseas
Reading through my articles from three months ago as I try to weed out historic typos, I was struck by this one on Canadian Overseas Petroleum (COPL) regarding an explicit warning from its auditors for I debated this matter at regular intervals with, now impoverished, morons on twitter.- By Tom Winnifrith |
- 19 February 2024, 14:20 |
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CAP-XX – from patent infringement action “optimistic of the company's prospects” last year to now not even appealing the verdict against it!
Having been “optimistic of the company's prospects in this matter” of a patent infringement action against now Tesla subsidiary Maxwell Technologies, supercapacitors and energy management systems company CAP-XX (CPX) announced in December that “the jury has affirmed that CAP-XX patents were invalid… Whilst CAP-XX is disappointed with this decision, it is in discussions with its attorneys to agree the appropriate next steps. While… focus on the key short-term actions to maximise sales and deliver profitability”. So what of now from the company a “Cessation of appeals process”-titled announcement?- By Steve Moore |
- 19 February 2024, 14:18 |
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EXPOSE: Wildcat is taking the piss yet again - tell us more about the Waterford Group
If Wildcat Petroleum (WCAT) was on the AIM sewer a Nomad would need to approve its RNS releases and even London’s Worst Nomad, Roland “Fatty” Cornish, who is celebrating lent by having only 11 courses rather than 12 at luncheon, would not sign off on the crap the company pumps out. But it is on the Sub Standard list so it can make statements that appear just not to be true or are, at best inaccurate and questionable and the regulators at the FCA will jerk off on ESG porn and do nothing about it at all. Today is a scorcher.- By Tom Winnifrith |
- 19 February 2024, 13:42 |
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Those who threaten legal action hoist a red flag: Andrew Bell & Red Rock
Reading through my articles from three months ago, to weed out typos, I was struck by THIS ONE about Red Rock Resources (RRR) when the shares were 0.1425p. The shares are now just 0.0825p despite the appointment of Mr. David Lenigas as a special consultant tasked with ramping the share price on twitter and telegram, oops I meant “tasked with creating sustainable shareholder value.- By Tom Winnifrith |
- 19 February 2024, 12:37 |