St James House (SJH) on Friday admitted that it won’t be able to get its audited accounts for the year ended 31 January 2020 finalised in November 2020, a mere 10 months after its year end and as such its shares will remain suspended until the accounts are published.  It also stated that its interim accounts for the six months ended 31 July 2020 will also be delayed until the year end accounts are finalised.   

Money for nothing and debt for free

Oh dear, as they say, these tweets did not age well after Fridays planning setback. Let’s hope these UK Oil & Gas (UKOG) ramping chumps did not spend all their “winnings” too early. The shares closed the week at 0.145p, down 32% on the day.

It is not just Warren Buffett who comes up with great pithy comments on what is going wrong economically. The quoted line comes from @deanthespleen on Twitter and nicely sums up the economic brick wall the UK faces.

From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…

Hello, Share Chums. If you watch the BBC News every night, as I do, you would think the end of the world is nigh. Story on story about how folks and businesses are reeling from the pandemic. And lots of people are suffering. However, the vast majority are not. For example, all my three children are still working, albeit from home.

Despite “the quarter marked the end of production from the high-grade Arzu South open-pit”, Ariana Resources (AAU) “is pleased to announce its operating results for the quarter ended 30 September 2020 for the Kiziltepe Mine” (Ariana: 50%) – and the shares have responded higher…

Previously writing on electronic invoicing and purchase order transactions network company Tungsten Corp (TUNG), in September with the shares falling back below 40p I concluded the valuation with the company having to attempt “transformation” in a very challenged economic environment meant still avoid / sell. The shares are currently falling below 30p on the back of a “Trading Update”…

The big excitement of sawing wood with Joshua awaits. Ahead of that I discuss UK Oil & Gas (UKOG) where the shares are 66% overvalued, Zoetic (ZOE) which is even more expensive and Tungsten (TUNG), also a massive sell even after today’s share price slide. After 24 hours we have raised 37% or 42% of the amount needed for the Woodlarks Christmas appeal. Thanks to those who have donated. To those who have not, we are within sight of the point where I will shut up on this matter so how about getting my silence with a donation HERE?

I see that, on twitter, the usual assortment of lunatics are frothing about DeepVerge (DVRG) another utterly overvalued piece of junk from the AIM Cesspit. Naturally there is a Covid angle and appropriately enough it is a lavatorial one. It is not just Bulletin Board morons pushing this rubbish but esteemed broker Turner Pope has also stuck its nose into the sewerage system (literally) with a gushing note out today.

Previously writing on remote meetings technology group LoopUp (LOOP), in July with the shares at 177.5p I questioned how sustainable the net cash generation? The shares went on towards 250p, but last closed at 155p and are currently well below 100p on the back of a “Trading Update”…

It appears that Arcadia, owner of TopShop, Burtons and Dorothy Perkins is unable to tap an additional £30 million banking lifeline and so is likely to go into administration next week putting 13,000 jobs at risk. The odds are that most stores will be bought from the administrators so the actual jobs cull, though painful, will not be as painful as some fear. Already the blame game has started but who is really to blame?

On December 2 England comes out of lockdown to be replaced by er….lockdown in all but name. JD Wetherspoon (JDW) boss Tim Martin is again our hero of the day as he has lashed out at this lunacy. The great man opines:

AIM-listed Haydale Graphene (HAYD) has announced the great achievement of its Functionalised Graphene Antibacterial Masks project going into production with partner IRPC Public Company. Put up the bunting, get the champagne ordered……or perhaps not, for surely it has missed the boat.

Pensana Rare Earths (PRE) “is pleased to report the appointment of Liberum Capital Limited as a consultant and joint broker”. Liberum describes itself as “an independent Investment Bank” and Pensana is recently cashed-up, so what’s this consultancy bit about?…

Hello Share Painters. We all need a few more reliable shares in our bag. And one of the more likely to rake in a steady income for my portfolio is United Utilities (UU.), which supplies water to the North West. Nobody’s going to stop using water, are they? And water companies have a monopoly in their areas. But even water companies have been hit by the virus…

A “Date of Final Results” announcement from Shoe Zone (SHOE) and the shares 9% lower in response, at 56p. So not a standard “Date of Final Results” announcement then…

AIM-listed John Zorbas POS URU Metals (URU) has announced the issue of a stack of shares to settle directors’ fees and those of an adviser this morning. That to add to yesterday’s paltry subscription shares raising just £280,000  (before expenses). I would suggest that this latest splurge of confetti shows just how badly screwed the company is.

A “Channel Partner Update” from Actual Experience (ACT)… and the shares currently up 20% to 90p, to give a market cap of approaching £43 million. The update should be good then…

In today’s bearcast I start with the publishing event of the year. Then I explain why I am again begging bearcast listeners for a small donation to Woodlarks. I shall continue with this until the modest target is reached so to shut me up go HERE. Finally a look at the corporate governance questions but, more importantly the fundamental analysis that makes Remote Monitoring Systems (RMS) a massive sell even after today’s fall.