Hello, Share Sharpers. When the market’s closed it’s always worth reflecting on the macro picture. What’s likely to befall all of us who own shares in the coming months? Nobody can tell. Who foresaw the present plague, for example? But we can make educated guesses. And ‘educated’ is the world here, not ‘optimistic’.  As you know, we can’t lose dough by guessing right. For what it’s worth, here are a few of my thoughts.

Previously writing on Trackwise Designs (TWD), with the shares below 90p I questioned recent fundraising “provision of growth working capital”… or keep-the-lights on funds? – concluding I suggest trading and funding challenges mean this currently still a bargepole / sell. Today a “Fundraising and Open Offer” and the shares down in response – but to a current around 300p, so what’s happened here? Should Tom sack me this weekend?

I discuss a metric which for a private company, like ShareProphets, is meaningless. We do not seek to impress investors just to pay bills! I have a few words on life at the Welsh Hovel. Yes, Jayarani is eating into my sleep. Then it is onto Telit (TCM) and finally a discussion with Pierotlunaire on research notes and blackout period prompted by the WH Ireland & Pantheon (PANR) episode.

Matt Earl of Shadowfall, aka the Dark Destroyer, has published a devastating dossier on £1.6 billion capitalised Blue Prism (PRSM). The company is yet to respond but it is hard to see what it can say in the face of clear dynamite. The dossier is below in full. The shares appear to be utterly uninvestable.

OptiBiotix Health (OPTI) has emphasised “another step in building brand and product presence in the large North American market” as it announced its latest deal. Yes it is a step but frustratingly one revealed on a release using the Adam Reynolds keyboard. The one with no numbers on it.

A reader has been contacted by Hargreaves Lansdown (HL) about what is in his acount. No not units in Neil Woodford funds bought on the advice of Hargreaves as its own funds were selling out but certain funds invested in crypto currencies. The letter reads:

And the prayer of faith shall save the sick, and the Lord shall raise him up; and if he have committed sins, they shall be forgiven him. Confess your faults one to another, and pray one for another, that ye may be healed. The effectual fervent prayer of a righteous man availeth much. The Book of James chapter 5, verses 15-16. King James Version, natch.

I have been chewing over what to do about my little stash of subscription shares for fully listed Golden Prospect (full shares: GPM, subs: GPSS) as the deadline for coughing up the subscription price is almost upon us. There are hard decisions to be made….

Pantheon Resources (PANR) today completed a massive placing and Primary Bid offer at 31p. The shares were 33.7p bid (off 4.5%) yesterday but on the 13th they were 40p with some mug punters paying well North of that. On 11th November with the shares at 31p broker WH Ireland published a lengthy research note.

Yesterday’s announcement from the Government on its plans for expanding spending on defence is, in my view, a demonstration of profligacy and wholly unwarranted as I noted HERE But Boris and his cohort Princess Nut Nuts have an 80 seat majority so the plans will be voted through. But did anyone know what was coming?

Hello, Share Trackers. As I’m moving house next year, I’ve been downsizing by selling stuff on eBay. So I know something about parcel delivery. If you have a tiny parcel to send, Royal Mail (RMG) charges £3.10. If you have a bigger parcel, Royal Mail can still charge £3.10. When you want to send a very heavy parcel, Hermes does a cheaper deal. And parcel delivery is an area which is the most promising for Royal Mail…

Maritime surveillance, analytics and management technology company SRT Marine Systems (SRT) has announced results for its half-year ended 30th September 2020 including emphasising “revenues were 7% higher than the same period last year at £3.8m, with an increased gross profit margin of 39%”. The shares though remain down on the circa 40p of my previous update…

On 17 April 2020, worthless AIM promote Bidstack (BIDS) published details of an “independent” study that it claimed validated its technology. Following intense pressure from ShareProphets, AIM regulation forced Bidstack to ‘fess on 27 April that the research was not at all independent but was paid for. In that light, I have written to the Oxymorons at AIM Regulation and to hapless and shamed Nomad SP Angel about the release issued by Versarien (VRS) yesterday.

Jordan Roy-Byrne, of TheDailyGold.com wondered last night whether we are heading for the low point of the current correction on gold and gold stocks. He thinks that there is massive support just below where we are now, and that there could be a rebound in the coming days – but will it come in time for Golden Prospect (GPM) and its subscription shares (GPSS)?

Previously writing on “immersive entertainment group” Immotion (IMMO), at the start of September with the shares at 4.65p I concluded with still a winning formula very much to be proven, I currently continue to avoid. Today “Trading Update, Proposed Placing & Subscription”…

Shares in John Zorbas AIM outfit URU Metals (URU) are up today on the news of an advisory board appointment. The company announced the hiring of Mr Justin Cocharne to URU’s advisory board and the shares have motored by 6.4% to 250p but I just have one question: how will URU pay for his services, given that the company is quite clearly technically insolvent?

Imperial Brands (IMB) has announced results for its year ended 30^th September 2020 and that, despite showing resilience, “we expect to deliver a stronger financial performance in 2021”…

Soft drinks company Nichols (NICL) has updated including “strong further growth achieved by the Vimto brand in the UK and a good performance in the group’s International business”. The shares are though currently 1145p, approaching 5% lower…

The last time I wrote about floor coverings distribution company Headlam (HEAD), back in September I titled the article ‘Me and a bunch of value investors agree on Headlam Group: Buy’. The shares were kicking around 275p back then and today they are almost a quid higher, assisted by a nice bounce today. So what is going on?…

There can be few AIM listed companies that have been referenced in formal official UK Government policy documents, in fact I would suggest none prior to yesterday (I’m happy to be corrected if I am wrong on this point). Windy Boris published his 10 point plan for the “Green Industrial Revolution” yesterday. This is a very high level policy document (much of which I have issue with and will waffle on about in the future), not some industry review or the like. ITM Power (ITM), not only gets a mention – but a full blown highlighted “Case Study”, one of only a handful of companies…