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Latest News

BIFF
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Biffa – there's still brass in muck...

You may recall back in September I rhapsodised about waste company Biffa (BIFF) observing - after pacing through its capital markets day presentation - that 'the company is exposed to themes such as tighter regulation, recycling and participation in energy from waste'. A quick look at the shares over the last nine months showed that my hopes of a three quid share price proved correct. Having done all the difficult work, I really should have got back in the stock after it nearly halved at the time of the March lows. Anyhow, here we are in June with the share having regained about half the decline and today's full year numbers update is really in two parts – as are so many corporations reporting up to 31st March…

INSP
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Inspirit – what’s going on in the Boiler Room? And (oopsie) what is not….

Share in AIM-listed Inspirit Energy (INSP) have been on a bit of a roll. On 22nd May the shares had been friendless at 0.025p per share when all of a sudden the stock started to rise – and they closed yesterday at 0.045p, having been as high as 0.065p. The excitement seems to have been the appearance of Mr Christopher Heminway on the shareholder list, who popped up yesterday with 3.32% of the company and the BBs went into a lather. Meanwhile, on Companies House, I see that the company’s Confirmation statement is once again late – by two and a half months. Oopsie……

COPL
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Canadian Overseas Petroleum relinquishes most of its stake in the OPL226 licence, yet its share price more than doubles - avoid as reality hits home

It shows just how crazy the markets are currently when a small oil company can announce that it has just lost ownership of most of its asset that has the potential to produce oil, yet its share price rockets by more than 100%! I am of course talking about consistent AIM failure, Canadian Overseas Petroleum (COPL), and its OPL226 licence in Nigeria which has apparently been on the verge of reaching production for several years now, and was due to have an appraisal well drilled later this year, but that was before the emergence of Covid-19 and I’d be surprised if that goes ahead as planned. Even more so following the latest news...

AVCT

Tom Thinks There Are Three Wheels on My Wagon, But I'm Still Rolling Along

Hello, Share Tasters. Once again, I’m in the unenviable position of holding loads of shares in a company that Tom finds to be overvalued. When this happens I tend to dump most of the shares, as Tom has a surgical mind and I’m an instinct man. Yes, it may be an instinct based on centuries of daily share dealing experience but you have to consider what cold analysts like Tom think too. I hold shares in Avacta (AVCT)...

TCN

Tricorn – updates on ‘COVID-19 disruption’… but struggling anyway?

Manufacturer and specialist manipulator of pipe and tubing assemblies Tricorn (TCN) has updated including its “Chinese Joint Venture has continued to operate normally following the reopening of its facility on 15 February” and some UK trading has returned to prior levels but...

Bearcast
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Tom Winnifrith Bearcast: daring to consider the chances of being killed by lightning in America

I start with a few thoughts on the protests and riots following the murder of an African American man by a cop. I offer up some hard data which makes me ask whether the riots can be justified. I stress that, as someone who goes to sleep with a person of colour every night and with a mixed race son, I do think that black lives matter, including those six black lives now taken by US rioters . I comment on Woodlarks where we are now at 55% of target so please please make a donation today HERE. Then I look at Avacta (AVCT), Novacyt (NCYT), Intu (INTU), President Energy (PPC) and Curzon Energy (CZN).

UJO
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Union Jack Oil – for a hat-trick of wins?...

But is Union Jack Oil (UJO) not a UK oil producer in an extremely troubled oil environment? It is… but only in a small and low-cost way and the oil market will swing back to a better environment as it always does. Meanwhile, the shares down from more than 0.30p last year and the asset potential here sees us ride again…yes, we have twice tipped this before and twice told you to bank big gains. Now for our hat-trick...

DSG

Dillistone – updates including of ‘BIL Loan’ agreement; risk is priced wrong somewhere...

“Bank Loan, Trading Update & Notice of Results” (later in June) announcement from recruitment software and services group Dillistone (DSG) – and the shares currently 18.5p in response, more than 12% higher...

INTU
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Intu: Letter to FCA, share price wrong please protect mug punters

A concerned investor, keen to protect retail mug punters from themselves has today written to those sharp as nails guys round at the FCA on the matter of Intu (INTU) urging it to act to stop a false market in the shares. A copy of that letter has found its way to Winnileaks and I reproduce it below.

UKOG
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UK Oil & Gas refocusses on its core business of issuing more shares

After a brief period of allowing folks to pretend that its main business was in fighting Covid and saving the NHS by producing oil that nobody wants, UK Oil & Gas (UKOG) has got back to what has always been its core business, that is to say issuing yet more shares. After raising £4. 2million at just 0.2p today there are now a stonking 10.84 billion worthless pieces of confetti in issue.

OPTI
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OptiBiotix – clarifications and updates on more news from the company

More news from OptiBiotix Health (OPTI) and we’re also asked to clarify re. previous statements by the company...

CYAN

CyanConnode – “pleased to announce” Indian contract approvals, BUT...

CyanConnode (CYAN) “is pleased to announce that a substantial Indian contract relating to two projects, which had been delayed, has now received the necessary approvals to resume the implementation” – and the shares have currently responded back above 3p, more than 40% higher...

AVCT
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Is Malcolm Stacey Edith Piaf? Avacta £45m fund raise at 120p, including Primary Bid

A week ago, Malcolm Stacey could have sold his shares in Avacta (AVCT) at more than 200p each. In fact I think the old trading genius might just have done that. Then the company started “sounding out” investors about a fund raise and, not that anyone in London ever breaks insider dealing laws so this is a total coincidence, the shares started tumbling fast. As I write they are off by 5p at 132-5p as it has announced am up to £45 million fund raise at 120p. I don’t blame it.

SMDS

Cardboard Packager is Set Fair for Greater Demand when the Virus Recedes

Hello, Share Moochers. Being a green sort of investor, I’ve rather avoided the packaging company DS Smith (SMDS). Like me, you may get hot under the collar at all the over-packaging we see in supermarkets. Particularly the plastic kind. But I’ve learned that DS Smith is a paper packager, not a plastic one. And with paper and cardboard boxes becoming more popular at the expense of plastic packaging, the company could have a rosier future...

VLE
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Volvere – 2019 results… and 2020 opportunities…

Volvere (VLE), the growth and turnaround investment company, has announced results for the 2019 calendar year, that its trading, food manufacturing, businesses “are still achieving an encouraging level of output” and that it is “already seeing increased levels of distressed deal flow”...

Bearcast
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Tom Winnifrith Bearcast: sticking it hard on two counts to a company I own

Mahmud celebrates the pain I am suffering and is so happy that he has helped us to get to 49% of the £48,000 we NEED to ensure Woodlarks SURVIVES. I only ask each of you for a tenner but how about every bearcast listener donates that TODAY so we hit target. Please give HERE. Then I look at my friend Jonathan Price's article about why I am wrong on property plays. Euro loon Jonathan is a great chap though utterly misguided on almost every issue as only an elitist London millionaire can be and I clarify matters. Then onto Curzon Energy (CZN): I am a long and wrong shareholder and explain why I think the shares are too high and why a statement is needed ASAP. A few words follow on SSP Group (SSPG) and today's dividend placing madness.

FORT

Forterra – “well positioned to take advantage of the attractive long-term market fundamentals”?

Forterra (FORT) has updated including “since our announcement of 28 April 2020, we have been encouraged by a gradual increase in despatches as our customers reopened their operations” and that it “does not have any present intention to draw upon” the Covid Corporate Financing Facility for which it has been confirmed as eligible – and the shares have currently responded to 220p, 5.5% higher...

CTEA
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Catenae – Spreadex dumps and what this tells us

AIM-listed worthless and Covid-bandwagon POS Catenae updated the market this morning with three Holding in Company RNSs. There are a few lessons to learn…..!

PHE

Powerhouse Energy – the legacy of bucket shop placings

At every step the last few days have seen Powerhouse Energy (PHE) show everything that is wrong with life among the dregs of the AIM Casino.  Today a new chapter but as a reminder....

HUR

May performance update: start of 2020 Shorted AIM shares

Early this year we showed the Shorted AIM shares at the start of 2020. How's the performance as at the end of May? (those in bold remain from 2019)...

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CTAI

Catenai – monster dilution

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