Video: There is no bubble in gold
Trader Tony Greer from the Morning Navigator is bullish on gold, the S&P, industrial miners, and uranium, while bearish on bonds.- By Tom Winnifrith |
- 17 April 2024, 12:14 |
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I'd be amazed if the GCM Resources Phulbari project ever gets sanctioned given the impact on the environment and local people - avoid
I’ve never been a fan of Bangladeshi coal miner, GCM Resources (GCM), so noticed that it suddenly seems to be popular again on various social media platforms, as often seems to occur every couple of years.- By Gary Newman |
- 17 April 2024, 11:43 |
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Surface Transforms – “2024 Sales Outlook” down from just last week! And what about the balance sheet position that dare not speak its name again?
Manufacturer of carbon fibre reinforced ceramic disc brake materials Surface Transforms (SCE) has issued a “2024 Sales Outlook” announcement, including “sales are anticipated to grow by a minimum of 111% in 2024 and up to 165% compared to FY 2023 sales of £8.3m, resulting in a projected FY 2024 range of £17.5m to £22m sales” and that it is “providing this range of outcomes for the year, in response to shareholder request for "worst case scenarios". We remain committed to achieving the higher end of this range”. So why a share price currently further down to 3.5p in response?- By Steve Moore |
- 17 April 2024, 11:28 |
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Oxford Nanopore from £3.7 billion at IPO to £846 million, I'm massively vindicated but is it still a short?
I was a bear at the 425p Neil Woodford backed IPO just 31 months ago. I was still a bear at 160p on February on 7 February this year. 10 weeks later the shares are just 94.4p. Even I did not see such a collapse. Is it time to close the short or is it time for Oxford Nanopore (ONT) to explain what is going on with an RNS.- By Tom Winnifrith |
- 17 April 2024, 11:23 |
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The Supply@ME Capital and Regtech frauds see shares plunge to new lows, with endgame imminent does the Fat Lady speak Italian?
This morning shares in Regtech Open ( listed at 100p last August) trade at an all time low of 1.8p-2p with sod all volume. Shares in its sister fraud Supply@ME Capital (SYME) are now at an all time low of 0.025p having started their market career at well over a penny. So what next?- By Tom Winnifrith |
- 17 April 2024, 10:36 |
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Non-disclosure: it’s what they are not saying but does anyone give a FF about the rules anymore?
The past ten days has shown that, twice, Ben’s Creek (BEN) and its, regulated by the FCA, Advisor Allenby has sat on adverse price sensitive information thus creating a disorderly market. Ben’s is going bust and desperate times call for desperate measures but Allenby is regulated and knows that price sensitive information must be disclosed at once. Will the FCA throw the book at it as it should? Whaddya think?- By Tom Winnifrith |
- 17 April 2024, 09:44 |
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Fitch downgrades Petrofac to 'CC'; Removes RWN: this is damning
The credit rating agency Fitch has downgraded its stance on Petrofac's debt to CC. If that is how the debt is viewed that tells you that the equity is worth little or nothing ( as some of us have warned for a long while!). The report is damning and reads:- By Tom Winnifrith |
- 16 April 2024, 15:51 |
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Hollywood Bowl – argues ‘strong growth’, but how “strong” really?…
Previously writing on group now describing itself as “operator of the UK's and Canada's largest ten-pin bowling brands” Hollywood Bowl (BOWL), towards the end of 2022 I concluded that the shares potentially offered good value at 237p. They most recently closed at 335.5p and what of them currently sliding towards 330p on the back of a “Half Year Trading Update”?
- By Steve Moore |
- 16 April 2024, 15:50 |
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Sosandar – Full Year Trading Update Misses Targets
AIM-listed online ladieswear purveyor, Sosandar (SOS), released a full year trading update the morning, boasting a “strong H2 with FY24 revenue growth of 9%”. But the shares are off, last seen by 11%.What’s going on here?- By Nigel Somerville |
- 16 April 2024, 14:11 |
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Tom Winnifrith Bearcast: The shocking sense of of entitlement of this prat from Wales
I start on bank branch closures and the self entitlement of a prat from Wales, in fact many prats from Wales. Then it is onto unemployment and economic inactivity, something Wales is jolly good at. Then Chill Brands (CHLL) and the curse of Swanny, BSF Enterprises (BSFA), Superdry (SDRY), Petrofac (PFC) and Sosandar (SOS)- By Tom Winnifrith |
- 16 April 2024, 13:37 |
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Marks Electrical – “a fast-growing online electrical retailer”… growing much more slowly now?…
Describing itself as “a fast-growing online electrical retailer”, Marks Electrical Group (MRK) has issued a trading update including emphasising “proud of the revenue growth we have achieved of 16.9%, in a flat Major Domestic Appliances and a declining Consumer Electronics market”. Why then a currently down to below 70p share price?- By Steve Moore |
- 16 April 2024, 13:27 |
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Superdry – more ouzo for the bears but time to close your short ahead of Julian Dunkerton "rescue" and delisting
For those dumb enough to own the stock the outcome is the least bad option. That would have been Superdry (SDRY) going into administration and the muppets losing everything as a result of ignoring numerous warnings on this website because, as ever, they knew better. But a refinancing at either 5p or 1p and then a delisting is not exactly good news either. It is the least worst option.- By Tom Winnifrith |
- 16 April 2024, 12:19 |
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A confused shareholder in SEED Innovations writes…
You may remember that I thought that it was a cunning plan to gain a small exposure to the cannabis bubble I should buy some shares in SEED Innovations (SEED). Thanks to a massive share price collapse my exposure is now even smaller, in fact it is almost irrelevant. I hung on because the shares trade at a steep discount to NAV and arguably to cash. But I am, today, confused.- By Tom Winnifrith |
- 16 April 2024, 11:55 |
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Dr. Martens – trading warning & CEO Kenny Wilson has so much outlook “confidence”… that he’s decided to leave!
Previously on footwear brand company Dr. Martens (DOCS), in January I wrote Q3 ‘in line with full year guidance’, but that’s not really an achievement, concluding with the shares around 81p that the trading trajectory and financials suggested still an IPO Roll-Call of Shame avoid/sell. The shares most recently closed at 94.95p, but what of them currently down to below 70p following announcements from the company today?
- By Steve Moore |
- 16 April 2024, 11:05 |
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UK Oil & Gas – Think the unthinkable, might its bailout placing fail?
On April 2 shares in UK Oil & Gas (UKOG) had plunged to 0.065p after the publication of annual results and an explicit warning from the auditors. Today the shares are just 0.0375p and falling rapidly.- By Tom Winnifrith, the Sheriff of AIM |
- 16 April 2024, 09:38 |
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Buy to the sound of gunfire and sell to the sound of trumpets (I've gone long bitcoin)
I am not a great one for conspiracy theories but there does seem to have been something a little choreographed about Iran's strike on Israel over the weekend.- By Lucian Miers |
- 16 April 2024, 09:03 |
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Tom Winnifrith Bonus Bearcast: Ben's Creek Post Mortem, name the names of shame, learn the lessons
Perhaps it is a bit premature but, after last night, not that premature. I name those who should be shamed, list the red flags, go through the history back to 1904 but with a lot from 2021 and suggest lessons for all from the demise of Ben's Creek (BEN).- By Tom Winnifrith |
- 16 April 2024, 08:44 |
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BREAKING: Ben’s Creek US operations file for Chapter 11, shares a zero!
Obviously Ben’s Creek PLC (BEN) and its disgraced advisors Allenby do not give a flying feck about timely disclosure rules but for what it is worth the company’s US Operations have today filed for Chapter 11 Protection in the U.S. Bankruptcy Court, Southern District of West Virginia (Charleston).- By Tom Winnifrith |
- 15 April 2024, 16:14 |
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PageGroup – argues “resilient performance”, but are the declines really “resilient”?…
In January I cautioned on FTSE 250 specialist professional recruitment business PageGroup (PAGE) with the shares down towards 446p, concluding a weakening client and candidate confidence avoid/sell. The shares most recently closed at 484.2p, but what of them currently heading towards 440p on the back of a latest trading update?
- By Steve Moore |
- 15 April 2024, 16:07 |
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Tom Winnifrith Bearcast: The next shoe to drop is Petrofac
I have offered you Horizonte (HZM and Ben's Creek (BEN) as free money on the short tack. as you now count your winnings there my next offering is Petrofac (PFC). I look at 88 Energy (88E) and Audioboom (BOOM). There is a new CEO speaker at Sharestock, start guessing, I'm very excited. Anyhow, with the event half booked out reserve your seat HERE.- By Tom Winnifrith |
- 15 April 2024, 15:38 |