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Tom Winnifrith Bearcast: Slapping down young Gary Newman
I start with a couple of family matters and an apology to one listener. Then it is onto Kefi Gold & Copper (KEFI), Versarien (VRS), Cellular Goods (CBX) and the FCA, Canadian Overseas Petroleum (COPL) and naughty Gary, Ben's Creek (BEN), truly a short of the year and finally MyHealthChecked (MHC).- By Tom Winnifrith |
- 11 January 2024, 14:54 |
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Letter to the FCA Re Cellular Goods: if it fails to act on these TWO matters it is officially a joke
The FCA is charged with tackling financial crime and also regulating the Standard List of the Main market. I have written to it regarding a company once backed by David Beckham, Cellular Goods (CBX) where there appear massive possible issues on BOTH counts. If it fails to act on both matters it sends a signal that it is officially a complete joke and that on London’s financial markets anything goes. The letter is below:- By Tom Winnifrith |
- 11 January 2024, 13:56 |
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Robert Walters – argues “continued resilience despite challenging market environment”. How ‘resilient’?…
Specialist professional recruitment group with over 3,900 staff spanning 31 countries Robert Walters plc (RWA) has issued a “Q4 2023 Trading Update” headlined “FY23 profit before tax in-line with market expectations; continued resilience despite challenging market environment”. How resilient though?- By Steve Moore |
- 11 January 2024, 13:55 |
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BREAKING: Zeus Capital finally ‘fesses to appalling results
Zeus Capital is unlisted but is one of the more sensible and well run City Nomads and brokers. But its results for the year to March 31 2023 finally appeared at Companies House on January 6 2024 and are truly appalling. It bought out rival Arden in January so you might have thought that revenues were up…think again.- By Tom Winnifrith |
- 11 January 2024, 13:21 |
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Made in UK, oops I meant Pakistan: Boohoo has no shame
The BBC's Panorama programme last night exposed Boohoo (BOO) yet again. This time it was for sticking labels saying “Made in the UK” on tatty clothes aimed at teenage morons which were actually made in Pakistan. You might think this a minor transgression although Trading standards folks will be having a word, but it is symptomatic of the rot at the heart of Boohoo in two ways.- By Tom Winnifrith |
- 11 January 2024, 12:40 |
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Grafton – 2023 “to slightly exceed top end of analysts' forecasts”. Er, what about the forecasts from the half-year results though?
Building materials distribution and DIY retail group Grafton (GFTU) has issued a “Trading Update” headlined “Full Year Operating Profit to Slightly Exceed Top End of Analysts' Forecasts”. So what of the shares currently nudging up just above 900p comparing to towards 940p just last month?- By Steve Moore |
- 11 January 2024, 10:58 |
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The latest news from Canadian Overseas highlights just how bad its debt position is and the steps it is taking going forwards
Yesterday evening, after the market closed, Canadian Overseas Petroleum (COPL) issued an RNS in response to a letter that a shareholder action group had sent it, and the thing that really stood out to me is that total debt now stands at a staggering $135 million!- By Gary Newman |
- 11 January 2024, 10:45 |
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Kefi Gold & Copper – Tulu Kapi project finance package further progresses, STRONG BUY to at least double or treble
Kefi Gold & Copper (KEFI) has issued a “Significant Progress on Tulu Kapi Finance Package”-titled announcement. So what is this reported “significant progress”? It is real progress.- By HotStockRockets |
- 11 January 2024, 10:43 |
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Nostra Terra – Some bible readings for Matt Lofgran as he takes the company into the Minus 99.8% club with yet another placing.
Devout Christian Matt Lofgran always likes to say that he rescued Nostra Terra Oil & Gas (NTOG) when he took over in 2009. It was as if Jesus had saved the disciples as the storm raged on the sea of Galilee where their boat was sailing (Mark 4, 3-41). But the reality is that anyone who bought the shares when the great rescuer took over as CEO has now lost 99.8% of their money while Lofgran has made millions in remuneration. You have to pay for talent don’t you? Would it not have been better just to put the company into administration in 2009, to have avoided numerous bailout placings more good money going after bad?- By Tom Winnifrith |
- 11 January 2024, 10:22 |
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Cellular Goods: how is this not insider dealing, it takes the AI bandwagon piss to boot!
Over the past three days, newly appointed executive director Mike Edwards has bought 8 million shares in Cellular Goods (CBX). His name is the contact on RNS he is calling the shots. Today he has announced a, laughable change of name and strategy. Just how on earth can this not be insider dealing. Do not tell me that this was all dreamt up yesterday afternoon, Edwards traded on specific price sensitive information.- By Tom Winnifrith |
- 11 January 2024, 08:06 |
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CAP-XX – “Update on IP and appeals process”, attempted ramptastic?…
Describing itself as “a world leader in the design and manufacture of supercapacitors and energy management systems”, CAP-XX (CPX) has issued a “Update on IP and appeals process”-titled announcement – and what of the shares currently more than 14% higher at 0.80p in response?- By Steve Moore |
- 10 January 2024, 15:59 |
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Tom Winnifrith Bearcast: a morning with the Shipmans for me, and very good news from Kefi, it could be a ten bagger
I start with my medical issues and seeing the very efficient Shipmans in Chester. Mind you old Harold was very efficient too. Then it is onto Kefi Gold & Copper (KEFI), Cellular Goods (CBX), Reabold (RBD), Procook (PROC), Mercantile Ports & Logistics (MPL) and the fraud Supply@ME Capital (SYME) and what the FCA should do next.- By Tom Winnifrith |
- 10 January 2024, 14:46 |
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Gym Group – emphasises continued “positive trading trends”. Er, what about underlying net cash generation?…
UK “leading low-cost gym” business The Gym Group (GYM) states that it “is pleased to announce that the positive trading trends highlighted in our H1 results have continued throughout the remainder of the year”. However, on those results and a slightly further down to 111.8p share price, I questioned how well positioned it was to ‘take advantage of growth opportunities’. So what of the trading update today and a current 106.2p share price?
- By Steve Moore |
- 10 January 2024, 14:15 |
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NightCap: says Christmas Brilliant but data offered is very peculiar and look at the debt as dry January and February gets underway
Naturally Sarah Willingham gushes about what a great Christmas her cash strapped bars group NightCap (NGHT) enjoyed. Well up to a point sweetie. The data you put out is very peculiar and defies rational explanation and as we enter dry ( and cold) January and February, the balance sheet looks very dicey indeed.- By Tom Winnifrith |
- 10 January 2024, 13:56 |
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Marks Electrical – profit warning, if I could spot the challenging consumer outlook why didn’t it?!
Previously on Marks Electrical Group (MRK), in November I wrote argues “strong first half trading period”, er what about the profit and forecast falls?! – concluding, even with the shares further down to 90p, with also a still challenging consumer outlook and a still above £94 million market cap I suggest the shares still an avoid/sell. Today a “trading update” from the self-described UK “fast-growing online electrical retailer”, so why are the shares significantly further down in response to 66.5p?!
- By Steve Moore |
- 10 January 2024, 11:32 |
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Sosandar – Christmas Trading Update: Brave, Or Lunacy?
AIM-listed Sosandar (SOS) issued up a trading update this morning, boasting a 23% revenue increase over last year during its Q3 (the all-important Christmas period). Margins were up, cash was up….but its FY forecast remains at just £0.1 million pre-tax profit. What to make of this?- By Nigel Somerville |
- 10 January 2024, 10:10 |
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Winnileaks EXCLUSIVE: Three Letters from the Canadian Overseas Shareholder Action Group to the FCA, advisors and the company
For all the bluster I am more and more convinced that the Canadian Overseas Petroleum (COPL) Shareholder Action Group (SAG) are just a bunch of crybaby losers who cannot accept that they ignored numerous warnings from myself and others ( abusing me on social media for being wrong) about how bad the assets and management of Canadian were and how it would end in tears. The letter it has sent to the FCA is to a generic address. That is a sign that these losers are just scrabbling around. The failure of the SAG to understand how a death spiral works and what a breach of covenant means is another sign of how utterly clueless they are. Anyhow, thanks to Winnileaks, I have three emails sent in the past 14 days. 1 to the FCA, 2 to advisors and a third to the company. Enjoy.- By Tom Winnifrith |
- 10 January 2024, 08:11 |
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Technology Minerals: a few more thoughts from the nest of snakes
The Technology Minerals (TM1) hook up with “colourful” death spiral provider of last resort CLG, announced on Monday, is a massive red flag in itself. One feature is that only £2 million of the £5 million facility can be drawn down without the FCA approving the RTO of Chris Cleverly founded Recyclus. And that must be a problem given the Tingo (US:TIO) scandal. At the very least…- By Tom Winnifrith |
- 10 January 2024, 08:11 |
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Mobile Streams – proposed reduced capital raise price “following stakeholder engagement”. I wonder why!…
Mobile Streams (MOS) has announced a proposed placing and an offer via the BookBuild platform to each raise gross proceeds of up to £300,000, stating that “the capital raise is in line with the company's stated intentions as announced on 12 December 2023… to fund the expansion of its operations in Mexico and for PLC working capital”.- By Steve Moore |
- 10 January 2024, 08:10 |
Heavy Construction Is this Clever Outfit's Game and There's Plenty of Demand Building for That
Hello Share Grinders. There are times when I can’t confidently recommend a promising penny share for you. And then I go back to the better bets among the mid caps and the jumbos. Today’s choice looks undervalued to me and should do better than most when the market resumes a bullish New Year stride. Sadly, that has a yet to happen, but in the meantime still take a peek at my choice today.- By Malcolm Stacey |
- 10 January 2024, 08:09 |