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Tom Winnifrith Bearcast: correction on Skinbiotherapeutics share sale, an SP Angel insider dealing scandal? And is Opti's Steve O'Hara a liar like Bidstack's Draper?
I start with my training walk of yesterday for rogue bloggers for Woodlarks. i managed 12.5 laps before the sun got to me. In two weeks I must do 50. My next big walk is Tuesday - we are at 36% of target so please do donate HERE. Next up in hargreaves Lansdown (HL.), why not screw your customers as they seem to like it? Then onto share sales in Skinbiotherapeutics (SBTX) by Optibiotix (OPTI) and what appears to be a scandal involving broker SP Angel. I shall be going to the FCA tomorrow to ask for an enquiry. Finally is Steve O'Hara a liar like Lyin' James Draper of Bidstack (BIDS). Drunken Sailor who is suffering a GroupThink induced lockdown dementia thinks so and also that I am a ramper and should tell folks to sell. I discuss Drunken's concerns in light of a chat with O'Hara and an email from him which I read out.
- By Tom Winnifrith |
- 31 May 2020, 17:13 |
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Standard Chartered should eventually enjoy a strong recovery, with Asia leading the way
Banking shares aren’t exactly in favour at the moment, with concerns over the lasting impact that Covid-19 is going to have on the economy in general, and as if that wasn’t enough, any banks wirth major dealings in Hong Kong have suffered a double whammy due to the escalation of the situation with China.
- By Gary Newman |
- 31 May 2020, 15:53 |
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Tom Winnifrith Shareshow No 1: almost 3 hours of Lucian Miers, Colin Bird and a devestating expose of Novacyt
And now from Wales, by just 30 yards, it is my new, I hope, weekly show. This costs 99p per episode to access and you can either listen or watch very sparky interviews with bear raider Lucian Miers and Colin Bird of Jubilee Metals (JLP), Xtract Resources (XTR) and Galileo Resources (GLR) as well as a devestating new expose of Novacyt (NCYT) explaining why its shares will collapse by 90% and why its CEO's interests are directly opposed to that of shareholders. You can access the show HERE
- By Tom Winnifrith |
- 31 May 2020, 15:00 |
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BooHoo I take it all back - I can't see any reason to hold
In yesterday's bearcast I discussed why Boohoo (BOO) did not move from the AIM casino to the main market. Some interpret this as me saying the shares are a buy. Au contraire on a PE of 60 the risk reward trade off looks dreadful. Yesterday i recorded a video with Boohoo's greatest critic Matt Earl and that should go live within 24 hours and that will, I suspect, raise many more questions that bulls cannot answer. Now the Sunday Telegraph brings news of US legal action and I publish the Ciurt filings in full below. Ouch!
- By Tom Winnifrith, The Sheriff of AIM |
- 31 May 2020, 14:56 |
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HSBC and the mad world of big company decision making
I had to use the ShareProphets search engine to find the last time I wrote exclusively about banking behemoth HSBC (HSBA). Remarkably it was back in 2015 here when I employed the quite witty title of 'HSBC: Hooray Some Bloomin’ Cost cuts'. Sometimes I really think I should retire as I have set the historic barrier too high...
- By Chris Bailey of Financial Orbit |
- 31 May 2020, 13:06 |
St James House – will the subscription cash ever arrive?
On 11 May 2020, St James House (SJH) provided an update that the subscription originally announced on 31 January 2020 remained outstanding. It explained that:
- By Tom Winnifrith |
- 31 May 2020, 12:46 |
Sunday Long Reads: Trump loves Zuckerberg, Honouring Hoxha, Eels and octopuses, Losing one trillion dollars
Here are six long reads that have nothing to do with shares. Put the kettle on, find a comfy chair. You have the time, don't you?
- By Darren Atwater |
- 31 May 2020, 12:05 |
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Gold – was that the correction, in double-quick time?
I noted last week that whilst most precious metals experts were saying this was the time to buy gold Jordan Roy-Byrne of TheDailyGold.com was suggesting a correction may be on the cards. Well, gold did indeed slip – as did the gold miner ETFs (so full marks to JRB) and then on Friday it all bounced back again. Was that it?
- By Nigel Somerville |
- 31 May 2020, 12:03 |
The ShareProphets Sunday Pub Quiz #39
- By Darren Atwater |
- 31 May 2020, 12:01 |
Notes from Underground - Most read articles for the week ending 30 May 2020
The most read non-Tom article this week is Gold – a correction? What to do with Centamin and Ariana? by Nigel Somerville at a sensational first place or number four including Bearcasts and Tom's new shareshow.
- By Darren Atwater |
- 31 May 2020, 12:00 |
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Tom Winnifrith Bearcast: In defence of Boohoo's management
In today's podcast I tempt fate - as I am about to record a video with Matt Earl - in defending Boohoo's (BOO) boss. I discuss the shares vs cash debate, Rolls Royce (RR.), sharp share price moves, ref Skinbiotherapeutics (SBTX) and what the real unemployment number will be as furloughing is wound down. And now for a long training walk for the Woodlarks walk in 2 weeks time. We are now at 36% of target: please donate today HERE
- By Tom Winnifrith |
- 30 May 2020, 13:53 |
They predicted “the crisis of 2020” ... in 1991
A broken clock is right twice a day
- By David Scott |
- 30 May 2020, 13:41 |
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Is Zak Mir still a Good German - the Powerhouse Energy ramp
I noted that in terms of the Eurasia Mining (EUA) scandal, my old friend, the Sith Lord Zak Mir played his part in the promote only becuase he was obeying orders. Now I see that he is pushing shares in almost insolvent Powerhouse Energy (PHE) ahead of its merger with almost insolvent Wastte2tricity. Peter Brailey exposed the ludicrous nature of Zak's ramping HERE yesterday.
- By Tom Winnifrith |
- 30 May 2020, 12:44 |
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PetroTal Corp- How many more warnings do retail investors need?
I called PetroTel (PTAL) a sell after the update and revelation of a contingent liability of forward oil sales at the start of May. Here we are only 3 weeks later and we get an update at 5:44pm on a Friday. I call that “no one’s watch o’clock” – but I was. It really confirms just how bollox’ed this company is, regardless of how the share price has moved in recent weeks.
- By Peter Brailey |
- 30 May 2020, 12:32 |
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OptiBiotix – shares down on historic numbers but look at the trading trajectory now...
Currently compounds to tackle obesity, high cholesterol and diabetes developer, OptiBiotix Health (OPTI) has announced results for the 13 months to 31st December 2019 (having moved its year-end from November), emphasising it “has met a significant number of important objectives that continue to build value for shareholders”. The shares have currently responded a bit lower to 62p, but the numbers are historic and look at the trading trajectory now...
- By Tom Winnifrith & Steve Moore |
- 30 May 2020, 12:31 |
Table of shorted AIM shares - week to 29/05/2020
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...
- By Steve Moore |
- 30 May 2020, 10:53 |
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Purplebricks – Woodford overhang hitting the market: another reason to SELL.
It was announced yesterday afternoon that Link Fund Solutions sold 0.52% of AIM-listed Purplebricks (PURP) on Wednesday. Why is this significant? Well, this is the stock overhang from the ex-Woodford Equity Income Fund (WEIF) and there is still 11.93% to go.
- By Nigel Somerville |
- 30 May 2020, 10:52 |
At this point in the Lockdown Should We Be in Cash or Shares?
Hello, Share Swampers. As the virus continues to dampen the city, the big question still remains. Should we be in cash or shares? Of course, the answer lies in between the two poles. You certainly need enough cash to carry you through this dodgy period, however long it might last. But if you follow the golden rule of always having at least 10% of your bag in cash this should not be a worry to most of us.
- By Malcolm Stacey |
- 30 May 2020, 10:50 |
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Tom Winnifrith Bearcast: let's hear it for a despised & reviled minority who are the true Coronavirus heroes
I refer, of course, to smokers. Before Malcolm gets on his high horse, hear me out. What I say is logical if a bit crazy. In that vein I also discuss the mad idea of buying the ten worst stocks on AIM and ask for your nominations. I start with Catenae Innovation (CTEA), Tern (TERN), Clear Leisure (CLP) and Attis Oil & Gas (AOGL). I also discuss the crazy idea of buying FinnCap (FCAP) shares. I look at the Powerhouse Energy (PHE) ramp and at the curious case of Anexo (ANX) placing today as directors dump shares. The Woodlarks walk appeal is now at 34% please, as I start another training walk this afternoon, donate HERE.
- By Tom Winnifrith |
- 29 May 2020, 17:34 |
Filthy Forty Walcom – the Wagnerian opera continues, but for how much longer?
AIM-listed Walcom (WALG), one of the handful of remaining members of our AIM-China Filthy Forty has once again updated the market over its grim financial position……and the CEO loan which has still not arrived. This melodrama has been ongoing since January – one wonders whether the company thinks that if it drags on long enough the Fat Lady, who has been well warmed up for months, will finally be too hoarse to sing. But I fancy the denouement is now on the way.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 29 May 2020, 15:12 |