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Supply@Me Capital – company secretarial and governance shambles as results loom (or do they?)
The fraud, Supply@ME Capital (SYME), promises its – dismal – calendar 2021 results will be out by Friday. Given that it is insolvent, I wonder how the reporting accountants will sign off on the document. Time will tell. Meanwhile, Supply seems to have problems updating its Companies House records on a timely basis. For instance:
- By Tom Winnifrith |
- 26 April 2022, 15:05 |
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Vast Resources not on a Swiss Roll – more bad news
The most flea-ridden dog on AIM, Vast Resources (VAST), has served up yet more bad news. Just a year after consolidating its shares on a 100-for-1 basis, they are just 0.38p to sell, more than 95% down on the year. With today’s disaster, another 100-for-1 consolidation beckons. Let me explain.
- By Tom Winnifrith, the Sheriff of AIM |
- 26 April 2022, 14:53 |
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Advanced Oncotherapy – Operational Update: All On Track,or is it?
AIM-listed Advanced Oncotherapy (AVO) has updated the market this morning on progress towards its first fully operational LIGHT system. The news is, for a change, good in that there is no further slippage. But will that last?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 26 April 2022, 14:40 |
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Until Associated British Foods spins-off Primark it is going to remain an avoid for me
Back in September last year I asked the question “is Associated British Foods (ABF) cheap or boring?”. My answer back then was the latter and since then the stock has fallen a further 15% to a share price level last seen in late 2012. So should we buy shares in the diversified international food, ingredients and retail (including Primark) group following its 24 weeks ended 5th March 2022 numbers out earlier today?
- By Chris Bailey |
- 26 April 2022, 13:25 |
Billington – emphasises “recovery” and “confident”, so why are the shares down again?...
Writing on structural steel and construction safety company Billington (BILN) earlier this month with the shares at 225p after I previously noting ‘profit warning & how confident can it be for 2022 really?’, a further share price fall, it has now announced results emphasising some recovery for its markets and that its “order book continues at a consistently high level”. So what of a current below 220p share price?...
- By Steve Moore |
- 26 April 2022, 13:25 |
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Perhaps Vela’s new PR man, “Greenie” might want to explain his boss’s CV omission
Sub scale technology investment waste of space company Vela (VELA) has today announced that it has hired a new PR and IR firm Novum to ramp its shares. Novum, aka my old pal Alan Green, I have a question for you about the gap in the website CV of your boss Brent Fitzpatrick, the one linking him to a convicted fraudster and jailbird.
- By Tom Winnifrith |
- 26 April 2022, 09:26 |
This Ambitious Outfit Is Taking the Fast Brick Lane
Hello Share Cheerers. A company in the brick trade I've commended before is flying higher than expected. Ibstock (IBST) makes bricks and other building blocks. And you would anticipate success in this continuing bull market for houses and flats.
- By Malcolm Stacey |
- 26 April 2022, 09:25 |
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Tom Winnifrith Bearcast: three strong reasons to sell Eqtec
I discuss the trip yesterday, from one hovel to another. Then, it is onto Audioboom (BOOM); musicMagpie (MMAG); two more sector-specific lessons from the AIM demise of W Resources (WRES); what McColls (MCLS) said today; and finally, three reasons to sell the hell out of green shite PI darling, Eqtec (ETQ).
- By Tom Winnifrith |
- 25 April 2022, 15:57 |
Mind Gym – argues “robust performance”, but what about this year?...
Behavioural science-based business improvement company Mind Gym (MIND) has issued a trading update including “revenue is expected to be £47.9m, up 25 per cent on FY21 (in constant currency) and up 5 per cent on pre-Covid levels… adjusted PBT for the year is expected to be in line with board expectations”. So what of a 130p share price, down from over 190p as recently as October?...
- By Steve Moore |
- 25 April 2022, 15:55 |
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Now at 4% of target - please donate to Rogue Bloggers for Woodlarks: Jim's in!
It is now just 7 weeks away, and I really must start training as soon as I am back in Wales. I hope that my fellow walkers (Miers, Basham, Basham's trainer, Bell, Moore and two readers of this website who seem frighteningly keen and fit) are better prepared. Anyhow, train I will, for it is a great cause. We have now raised 4% of our £50,000 target, but, fear not; I shall be begging almost daily from now onwards.
- By Tom Winnifrith |
- 25 April 2022, 14:31 |
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musicMagpie to launch on Back Market – the competitor that could not exist: NOT good news
Today, this was announced via RNS Reach, but, surely, it is significant. In a bad way. In its IPO Prospectus of a year ago, musicMagpie (MMAG) said it faced no competition. That was a lie. It already had, in the form of E5 billion, Unicorn Back Market. Today, music states it will also sell its electronic goods on Back. The financials…
- By Tom Winnifrith |
- 25 April 2022, 13:04 |
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Why supermarket stocks remain avoids today
An "excitable" Monday on the markets! I see that it has helped pull the FTSE 100 back to a small loss year-to-date. Well at least it is a lot better than peers in all the rest of the developed world. Meanwhile, did you see the headline that “Asda and Morrisons drop prices to help struggling shoppers”. So what does that mean for names such as Tesco (TSCO), J Sainsbury (SBRY) and Ocado (OCDO) among others?
- By Chris Bailey |
- 25 April 2022, 12:50 |
Insig AI – “pleased to announce” contract win & update, but what about funding?
Insig AI (INSG) “is pleased to announce that a London based alternative investment manager with in excess of $1 billion of assets under management has signed a development contract to deliver a centralised cloud-based data infrastructure”. With also a trading update and board changes, what of a current 28.5p share price?...
- By Steve Moore |
- 25 April 2022, 12:32 |
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BREAKING: Lombard Capital and the disposal to a convicted fraudster, jail bird & “mate” of Adam Reynolds
Since my last expose of the demining state of affairs at Lombard Capital (LCAP), things have gone from bad to worse. But now, enter stage left a man who was once the 57th richest person in Britain (or not), but then turned out to be a fraudster and was sent to the slammer. It gets better….
- By Tom Winnifrith |
- 25 April 2022, 12:29 |
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W Resources – Nomad and broker resign or are resigned: surely game over now?
Long-term Michael Masterman, of AIM dog W Resources (WRES), has announced that its Nomad, Grant Thornton, and its joint brokers, Alternative Resource Capital and Shard Capital, have all resigned with immediate effect. The question is: did they resign or were they resigned?
- By Tom Winnifrith |
- 25 April 2022, 11:15 |
UKOG – Yet Another Spoooooooooooof From Lyin’ Steve As A Proud Member Of The 1% Club
As we await the latest heavily discounted bucket shop bailout placing – or worse – from AIM-listed UK Oil & Gas (UKOG), we have already had ramptastic 2D seismic processing from its duff Turkish assets and this morning it was announced that CEO Lyin’ Steve Sanderson has been buying shares. Quick, follow the man……..or not!
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 25 April 2022, 10:42 |
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McColls – bullshit earnings warning, suspension warning & explicit warning that its shares are worthless
On November 17, I told you to short McColls (MCLS) at 14.5p, warning that, just months after a big placing, it was going to run out of money. Of course, everyone else knew better than old Tom. Today, the shares are 3.94p, and now, it is the company warning you the shares are heading for zero.
- By Tom Winnifrith |
- 25 April 2022, 09:15 |
Why the Oil Price Should Keep Bubbling Up
Hello Share Splurgers. It’s my humble view that anyone holding shares in companies which actually produce oil, rather than just look for it, should not sell. Not while the oil price holds up. Oil has not been valued quite so highly recently. But I think it’s probably only taking a breather before it jets off to new highs.
- By Malcolm Stacey |
- 25 April 2022, 09:11 |
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i3 Energy – farm-out delivery, but what’s the near-term outlook?
i3 Energy (I3E) has announced delivery on a farm-in by Europa Oil & Gas (EOG) to the New Serenity Block and it to “now commence the detailed planning and permitting process for the Serenity appraisal well, which we now expect to spud in late Q3”.
- By HotStockRockets |
- 24 April 2022, 17:30 |
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Schroder UK Public Private Trust (Former Woodford Patient Capital) – 2021 Results And Why The Shares Have Much Further To Fall
The Schroder UK Public Private Trust (SUPP) (formerly Woodford Patient Capital Trust, WPCT) announced its full year results for calendar 2021 on Thursday. The headline was that NAV was, after the company’s three-monthly recalculation with regard to its unlisted dross, 48.08p – strongly up from 35p at FY20. So good news?
- By Nigel Somerville |
- 24 April 2022, 13:05 |