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Blowing almost £800,000 a year for the sake of just £13,271.24 - the sorry tale of Neil Murphy
Neil Murphy was sacked as CEO of Bytes Technology (BYIT) earlier this week after the company discovered that he had traded repeatedly in the shares without declaring it. My reputation may be that of being a complete bastard when it comes to corporate malfeasance but, though Murphy was rightly sacked and I hope without any compensation, as details emerge of his trades, I almost feel sorry for him.- By Tom Winnifrith |
- 23 February 2024, 14:13 |
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Verditek from 20p to 0.09p in 3 ½ years (and still overvalued!) … vote for administration and to hold Gollum, Lord Willetts and the other guilty men to account
Oh dear. Oh Dear. As the now retired and disgraced share tipster Old Mother Mike Walters used to say as yet another of his share tips crashed and burned. Oh yes. This WAS one of his share tips. Just three and a half years ago he was pumping it hard at 20p and ridiculing those of us who exposed its lies, cash crises and piss poor IP. After an update today, the shares are just 0.09p but still way overvalued.- By Tom Winnifrith |
- 23 February 2024, 13:27 |
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Kefi Gold & Copper – another discovery in Saudi Arabia, a multiple catalysts Strong Buy
Kefi Gold & Copper (KEFI) has announced the discovery of a third copper-gold-zinc-silver deposit in the broader Hawiah district by its 25%-owned joint venture Gold & Minerals Ltd, with this further strengthening its view that the Hawiah deposit itself is only the first in a cluster of such deposits. Good news!- By HotStockRockets |
- 23 February 2024, 12:23 |
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Tintra and its suspension on JP Jenkins: has it been wound up or not?
It seems that some folks do respond to articles published on this website. I refer to the can of worms, downing in red flags POS, aka The AIM Company of the Year 2022, Tintra (TNT). You will remember that on February 1, matched bargain platform JP Jenkins announced that Tintra shares had been admitted to the platform…- By Tom Winnifrith |
- 23 February 2024, 12:23 |
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Time to bank winnings on Invinity and close the short?
I suggested shorting green energy play Invinity Energy Systems (IES) at a 30.5p mid on January 22. The shares were 23.5p mid when this piece first appeared and are now 24.5p mid and I suggest you bank your gains. Let me explain.- By Tom Winnifrith |
- 23 February 2024, 11:22 |
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React Group – a further trading and strategic delivery BUY with almost 50% upside
Shares in cleaning, hygiene and decontamination group React (REAT) exceeded 3.5p in 2021 and were 1.7p as recently as November last year. Currently available at a 1.4p offer price following recently-announced results for its year ended 30th September 2023, we consider the shares a misunderstood Buy with a 2p+ share price again quite realistic in the near-term. The following is why.- By HotStockRockets |
- 23 February 2024, 11:19 |
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A Fitting Birthday Present for the Heavenly Sovereign
Tomorrow the Emperor of Japan, Naruhito, celebrates his 64th birthday. It is a national holiday. The gift from his stock market which will be closed has therefore arrived one day early. Today the Nikkei 225 index ripped to its all time high, finally overtaking the 38957 level last achieved 34 years ago when he was in his twenties, and of lot of readers were probably not even born.- By Lucian Miers |
- 22 February 2024, 16:28 |
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Tortilla Mexican Grill – “CEO Succession” announcement. Why the “succession” so soon?…
Describing itself as “the UK's largest fast-casual Mexican restaurant brand” (er, what’s the competition for this small niche?), Tortilla Mexican Grill (MEX) has announced that it “has been notified by Richard Morris of his intention, following a distinguished 35 year career in hospitality and 10 years with the company, to step down from the board and from his role of Chief Executive Officer at the end of March 2024”. Hmmm, seems quite soon with it already near the end of February?
- By Steve Moore |
- 22 February 2024, 16:28 |
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Avacta: what price the fund raise which is coming as sure as eggs are eggs?
I am NOT saying that Avacta (AVCT) or its agents are sounding out about a fund raise just yet although they may be and the recent share price action suggests that something is afoot. But, as I warned most recently HERE, Avacta will have to raise this year and if it is smart it will not leave it to the wire. Events at Faron Pharma (FARN) in recent days suggest that investor appetite for stocks in this sector is not quite what it once was….- By Tom Winnifrith |
- 22 February 2024, 14:51 |
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RBG Holdings – “pleased to announce a proposed fundraising”. Why’s that then?…
Legal and professional services company RBG Holdings (RBGP) today states that it “is pleased to announce a proposed fundraising to raise, in aggregate, minimum gross proceeds of approximately £2.7 million”. Is this “pleased to announce” in the same sense as IQ-AI (IQAI) I noted earlier though?
- By Steve Moore |
- 22 February 2024, 14:23 |
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Tom Winnifrith Bearcast: Would you like a trip to Wolverhampton said the nice man?
I explain the terror of my last visit to Wolverhampton but the offer from Technology Minerals (TM1) is a generous one anyway. I discuss why irresponsible PR men attacking journalists has consequences with reference to Canadian Overseas (COPL) which is a zero, something effectively confirmed today. I look at Truspine (TSP), Ironveld (IRON), Chill Brands (CHLL), Powerhouse Energy (PHE). And now it is off to see the Shipmans again.- By Tom Winnifrith |
- 22 February 2024, 12:18 |
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Technology Minerals tries to distance itself from fraudster Chris Cleverly with RNS…it still does not pass smell test
Prompted by “media reports” for which you might read “we would have gotten away with it but for those pesky kids at ShareProphets” Technology Minerals (TM1) has issued a statement to distance itself from the first cousin of our esteemed Home Secretary James Cleverly, that is to say the serial fraudster Chris of Tingo and African Potash infamy. But its not convincing.- By Tom Winnifrith |
- 22 February 2024, 11:26 |
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IQ-AI – states fundraising for ‘furthering product development’, instead it’s hopefully my prior warnings were heeded…
IQ-AI (IQAI) states that it “is pleased to announce a placing… to raise £300,000 (gross)… the net proceeds will be used further the development of oral gallium maltolate”. Such a fundraising amount doesn’t tend to get a product development far though and more often reflects cash crunch ahoy. So on what terms this “pleased to announce” ‘development funding’?- By Steve Moore |
- 22 February 2024, 10:49 |
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Ben’s Creek new CEO you could not make this up? Oh…it did!
Given that it is drowning in debt and unpaid bills, hemorrhaging cash and sitting on an asset which has sent all previous owners bust, Ben’s Creek (BEN) is not in a good place and I had pondered who would commit career hara-kiri by taking over from Adam Wilson of Daniel Stewart infamy as CEO. The answer… you could not make it up.- By Tom Winnifrith |
- 22 February 2024, 10:46 |
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BREAKING: Truspine is sitting on a sack the board GM request, recapitalisation plan and the votes are with the rebels
When you are Laurence Strauss, the boss of Aquis disaster story Truspine (TSP) you probably think that rules do not apply to you. So what if Larry received a GM requisition yesterday calling for his head and for new directors to be appointed. The requisitioners have the votes and the cash to recapitalise Truspine at a premium to today's share price. Larry and his advisors know that. But it seems that naughty Liam Murray at Cairn, fragrant Lucy Williams at Peterhouse and scallywag PR and penny share ramper Alan Green don’t give a FF about timely disclosure either. Unfortunately, there is Winnileaks and so I publish the damning letter in full below.- By Tom Winnifrith |
- 22 February 2024, 09:39 |
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Canadian Overseas admits that the end is nigh, the Fat Lady will gig with Arthur Millholland AGAIN, as soon as a week today!
After today’s confessional the FCA should be suspending shares in Canadian Overseas (COPL) pending clarification. It has admitted that it is screwed and the only question is when it goes bust causing shareholders to lose everything. It could be within a week. Now will those monstrous motherfuckers at Yellow Jersey PR, lead by morally bankrupt shithead Dominic Barretto, apologise for their defamatory smears against me in an RNS when I first exposed this excrement? Of course not. Now back to Canadian’s woes. As I ponder Felix, who wanted me in jail for my writings on Canadian, or the troll who went after my Mrs, it's schadenfreude time for me.- By Tom Winnifrith |
- 22 February 2024, 08:17 |
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Scirocco Energy – As Greenan Deal Falls Flat, Shareholders To Vote On Cash Return at another AIM scandal
Back in 2022 I followed the controversy over the change of strategy at AIM-listed Scirocco Energy (SCIR). In the end, shareholders backed a deal under which the company would dispose of its Ruvuma asset and move into green energy via a deal to acquire Greenan Energy in Northern Ireland. Last heard, the Ruvuma disposal had stalled and now the Greenan deal has fallen apart with the asset now sold at a loss. Both deals appeared to me to be poor ones and shareholders are being left to carry the can.- By Nigel Somerville |
- 22 February 2024, 08:16 |
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Tom Winnifrith Bearcast: Why is James Cherry from lawyers Simmons & Simmons running scared of me?
I start with the chicken lawyer, JP Jenkins not explaining a share suspension and Tintra (TNT), the AIM Company of the year 2022, which might have been wound up this morning. Then it is Ariana Resources (AAU), Amaroq (AMRQ) my biggest gold holding which will be 100p+ well before Christmas, Faron Pharmaceutics (FARN), Bytes Technology (BYIT) and its very naughty now ex CEO Neil Murphy and today's ouzo moment from Shield Therapeutics (STX). I still await apologies from the trolls of 2022 as I drink gallons of vindication.- By Tom Winnifrith |
- 21 February 2024, 16:25 |
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A tips of the year update – including one mea culpa?
Following tips of the year success last year, I repeated the selection strategy this year. Does that though look set to work again following a trading update announcement today from one of this year’s tips?
- By Steve Moore |
- 21 February 2024, 16:24 |
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Video: Gold and the Return of the Banking Crisis
Some folks I respect suggest that we are on the verge of part three of the Great Financial Crisis with banks at the heart of it. Maybe I will not buy any shares in NatWest Group (NWG) after all. Analyst Sam Lawrie is among those warning.- By Tom Winnifrith |
- 21 February 2024, 15:05 |