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Even more Monkey Business - VSA being sued for a third of its balance sheet
Oh dear, oh dear. There’s trouble at t’mill for VSA Capital (VSA) the corporate advisory firm run by the egomaniac and self-styled Very Sexy Andrew (Monk). You cannot say that I did not warn you. It is all to do with VSA’s erstwhile client, fellow Aquis listed dog Silverwood Brands (SLWD) and its failed attempt to buy a 20% stake in cosmetics retailer Lush. Honestly you could not make this shit up.- By Tom Winnifrith |
- 29 November 2023, 09:26 |
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Real Good Foods goes bust – in the end crimes don’t go away as another one bites the dust on AIM
After hours yesterday came the news of another casualty on AIM – the world’s most successful growth market. Real Good Foods (RGD) is going to be calling in the administrators and shares have been suspended this morning. 125 years of trading history is going up in smoke.- By Tom Winnifrith, the Sheriff of AIM |
- 29 November 2023, 08:32 |
The Top Tech Data King and the Gates of Hell
Hello Share Collectors. Sometimes I wonder what urges the bigwigs of a company to choose the name they do. Cerberus, I’m sure you’ll recall, is the name of the gigantic three-headed hell hound that guards the gates of the underworld and stops the escape of ghosts of the dead. Rather fortunately today’s choice doesn't take that name. It’s just that Celebrus Technologies (CLBS) sounds very similar to Cerberus.- By Malcolm Stacey |
- 29 November 2023, 08:14 |
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Techcast: Understanding AI Episode 7 of 12 - What on earth is happening with Sam Altman and OpenAI
Thanks to the sponsorship of Sure Valley & Pires Investments (PIRI) we are expanding the number and quality of speakers and are able to offer up even more fun and games at Sharestock on 7 September 2024 - as you can see HERE. In this episode I chat to Brian Kinane about what on earth is happening at OpenAI. Enjoy.- By Tom Winnifrith |
- 28 November 2023, 16:36 |
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Saietta – “pleased to announce” equity raise, how ‘pleasing’ is it? Keep selling!
Saietta (SED) “is pleased to announce that… the company has conditionally placed, in aggregate, 39,649,604 new ordinary shares, raising proceeds of approximately £6.7 million (before expenses) at an issue price of 17 pence per share… and… an option to Canaccord to allow for the issue of up to an additional 5,882,353 new ordinary shares at the issue price”. How ‘pleasing’ is this?
- By Steve Moore |
- 28 November 2023, 16:36 |
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Tom Winnifrith Bearcast: D day for Tingo is tomorrow, today is an Optibiotix day
I start with the fraud Tingo (TIO) then move on to Totally (TLY) , where I am vindicated yet again, Global Petroleum (GBP) , Golden Prospect Precious Metals (GPM) and finally what surely must be a 2024 tip of the year, Optibiotix (OPTI)- By Tom Winnifrith |
- 28 November 2023, 16:29 |
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EnSilica – half-year trading update, how ‘pleasing’ is it?...
Describing itself as “a leading chip maker of mixed signal Application Specific Integrated Circuits”, EnSilica (ENSI) states that it “is pleased to provide a trading update for the first half of its current financial year” and that it “remains confident in the near-to-medium term prospects of the group… on the significant growth opportunity that exists within the international semiconductor industry”. So what of a current 56p share price, down from even as recently as last month 75p?- By Steve Moore |
- 28 November 2023, 15:47 |
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Is Totally totally imploding? (As long predicted)
Interim numbers out this morning are truly dreadful. The balance sheet as ever is a timebomb waiting to blow up the company and, to put the icing on the cake, Totally (TLY) chairman Bob Holt who is the only grown up at this comedy show, has suffered long enough and his successor is a clown- By Tom Winnifrith |
- 28 November 2023, 13:25 |
Video: Rudy is a parody account and did not run the Reichsbank during Weimar but he makes some cracking points
This video is with the creator of a parody account but makes numerous very valid points.- By Tom Winnifrith |
- 28 November 2023, 12:21 |
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A reader reminds Scirocco abut a raft of RNS’s it has "forgotten" to issue
Nigel Somerville normally covers this perma dog but a reader brings me the following paper trail which you can follow for yourself. The natural conclusion is that there are a stack of RNS statements that Scirocco Energy (SCIR) should have issued but has forgotten. Oops. I guess following the rules is for little people.- By Tom Winnifrith, the Sheriff of AIM |
- 28 November 2023, 12:08 |
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Crossword Cybersecurity warns again: Shares down investors a’cross, anyone invested really does not have a clue
Acquisitions to drive growth. Placings to fund losses. And yet more losses. The clues are there and, as young Steve Moore has warned you frequently, Crossword (CCS) is a share you really don’t need to own. 14 months ago there was a fund raise at 21.7p. Today after the latest warning the shares are just 8.5p. Ouch.- By Tom Winnifrith |
- 28 November 2023, 11:18 |
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Altitude Group – interims emphasise “significant year-on-year growth”, but for how long is its funding “sufficient”?
Previously writing on merchandising platform technology group Altitude (ALT), in June with the shares up to 43.5p I concluded its trading performance and valuation meant still just on the watchlist and I continued to avoid. Today the group is “pleased to announce” results for its half-year ended 30th September 2023, so what of the shares currently approaching 7% lower on the day at 40p in response?
- By Steve Moore |
- 28 November 2023, 10:37 |
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Upland Resources: if you buy into today’s news you are asking for it
I am amazed that the FCA has not sanctioned Standard Listed Upland Resources (UPL) over the fake bid episode. Actually, I am not that surprised. The FCA is useless but a half competent regulator would have taken action. After that incident anyone investing in this company is insane. Today comes more news which appears to have bamboozled an investor base with a collective IQ of less than that of a cheese sandwich- By Tom Winnifrith |
- 28 November 2023, 10:19 |
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easyJet is likely to keep on growing in 2024...but you have also got to know when to jump off
The most important component of full year numbers to the end of September from easyJet (EZJ) had already been largely announced to the market, but I am certain that today it likes talking more about "record H2 headline PBT of £865 million” and that its dividend has been reinstated. The key question, as often in the investment world, is what is going to happen next?- By Chris Bailey |
- 28 November 2023, 10:09 |
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Gfinity – disposal “significantly improves” financial position. Er, how ‘significantly’ so?…
Gfinity (GFIN) has announced that it has sold its remaining 27.5% esports technology business interest to Tourbillon Group, including as the transaction “significantly improves Gfinity's financial position and establishes a stronger base to implement its new plans and reach a turnaround position”. How ‘significantly’ so?- By Steve Moore |
- 27 November 2023, 14:58 |
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MusicMagpie Told y’all, it’s the ugly bird at the disco that nobody, however smashed, will shag: bidders flee!
I told you all very clearly that when musicMagpie ((MMAG) tipped off the Daily Telegraph that it had received two bid approaches it was all a spoof. The company put out a confirmatory approach and saw its shares surge to 23p as Daily Telegraph readers (poor saps) filled their boots. The reality…- By Tom Winnifrith, the Sheriff of AIM |
- 27 November 2023, 14:50 |
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Argo Blockchain new CEO Thomas Chippas – how impressive is his CV?
Struggling and drowning in debt bitcoin miner Argo Blockchain (ARB) still describes itself in today’s RNS as “a global leader in cryptocurrency mining.” Heck, if it is a leader, I’d hate to see what one of the laggards looks like. Anyhow the global leader is spaffing shareholders cash has a new CEO, Tomas Chippas who joins with immediate effect. So what is his CV really like?- By Tom Winnifrith |
- 27 November 2023, 14:30 |
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Tom Winnifrith Bearcast: Kefi's a two way bet but skewed massively to the bulls, Ben's Creek needs to fess with a profits warning
In today's Bearcast I start with a bit of macroeconomics. Then it is onto Powerhouse Energy (PHE), Ben's Creek (BEN), Kefi Gold & Copper (KEFI) and Valereum Blockchain (VLRM).- By Tom Winnifrith |
- 27 November 2023, 13:43 |
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Horizonte CEO and CFO quite rightly sacked, now for shareholders to get screwed one last time
After the admission of a shock £188 million cost over-run for the Araguaia Nickel mine in Brazil, it is quite right and proper that CEO Jeremy Martin and CFO Simon Retter have been given the order of the boot by Horizonte Minerals (HZM). I am pretty sure that both will get huge payoffs and will not need to resort to crowdfunding to keep bread on the table. Next up will be the final shafting of shareholders. Yes: their suffering is far from over.- By Tom Winnifrith |
- 27 November 2023, 11:50 |
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Frontier Developments – “current market expectation… remains achievable”, or does it?…
Previously writing on company describing itself as “a leading developer and publisher of videogames” Frontier Developments (FDEV), in September with the shares down to around 300p I questioned its “comfortable with market expectations” after it admitted “the release of F1 Manager 2023 in July 2023 has so far not delivered the expected sales contribution”, having stated in June that the year “will benefit from two major new game releases: F1 Manager 2023 and Frontier's first real-time strategy game, Warhammer Age of Sigmar: Realms of Ruin”. So what of a latest “Business Update” announcement from the company?
- By Steve Moore |
- 27 November 2023, 11:39 |