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Latest News

Bearcast
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Tom Winnifrith Bearcast: the snakes in the garden of Eden

I urge you to listen to today's free podcast with Lucian. The sound quality is good and the content excellent. It can be found HERE. In the bearcast I discuss my old pals at Eden Research (EDEN),  Yu Group (YU.),Cenkos (CNKS) and FinnCap (FCAP).

ACSO
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accesso Technology – interims, argues “a solid performance”. Really?...

Self-styled “premier technology solutions provider to leisure, entertainment and cultural markets” accesso Technology (ACSO) has announced results for the first half of 2019 emphasising “a solid performance” and “important progress on its long-term strategy to integrate its offerings to uniquely position itself to take advantage of a $3.4bn addressable market, driven by a market shift toward the integrated guest experience and leveraging data to improve business outcomes for customers”. The shares have currently responded towards 800p – er, that’s approaching 12% lower!…

YU
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Told Yu!

AIM-listed Yu Group (YU.) released its interims this morning. For all the hope and bluster, as predicted, the balance sheet says it all for me and the shares are currently down 17% to 122.5p.

YGEN
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Yourgene Health – an AGM statement from the Adam Reynolds keyboard (lacking numbers), but…

An AGM statement from Yourgene Health (YGEN) includes that it “is delivering rapid growth in line with our expectations” and “confident of the growth strategy we have set ourselves to deliver enhanced shareholder value”

BEG
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Begbies Traynor: Ric Traynor has a £4 per square foot, £8.4 million, question to answer

Last week I asked a few questions of Begbies Traynor (BEG) about its office space and dealings wiuth the pension fund of boss Ric Traynor. It answered via RNS but I scored that response at 5/10. Someone has availled themselves of the Winnileaks service and as you can see below, the company now has a big question to ansswer ahead of its AGM tomorrow at 340 Deansgate Manchester.

POG

Petropavlovsk – interims & “now positioned to capitalise on higher gold prices and enhance cash generation”…

Petropavlovsk (POG) has announced results for the first half of 2019 including that it “remains on track to meet its full-year target of c.450koz - 500koz of gold sales (including the processing of 2018 Malomir stockpiles but excluding upside from third-party concentrate purchases)”, with also “the confidence to decrease total cash cost guidance for the full year to US$750 - US$850/oz”

KGF
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Kingfisher – as one French CEO ends, another one starts...

You all know that I think that Kingfisher (KGF) is cheap and actually, as noted here, a stock with takeover potential. It has also been a stock that has frustrated over the last year. As I noted back in July, the company de facto rejected my suggestion to break itself up and appointed a new CEO – as it happens another French national (who today's first half numbers confirmed will start next week)…

Collapsing-Reactor
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Neil Woodford Redemptions Watch: normal service resumed

Yesterday the FTSE All-Share, Neil Woodford’s benchmark for his Equity Income and Income Focus funds, was more or less flat but, according to Morningstar, the NAV per unit of those funds fell by 0.51% and 0.43% respectively. Normal service resumed, then...

AZN

AstraZeneca Looks Set For a Healthy Share Price with Promising New Treatments in the Pipeline

Hello Share Squabblers. Of the two great British giants in the pharmaceutical sector, I long ago chose to invest in GlaxoSmithKline (GSK). But perhaps I should have opted for AstraZeneca (AZN) instead...

QXT
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Quixant – having in July argued “a growing order book… positions us well to deliver a strong second half”…

On 23rd July it was “Quixant (AIM: QXT), a leading provider of innovative, highly engineered technology products principally for the global gaming industry, is pleased to provide an update on trading for the six months ended 30 June 2019... H1 2019 was completed as we expected and reported in March, with the lower than anticipated consumption of some major customers improving as we enter the second half… a growing order book during H1 positions us well to deliver a strong second half to the year… The company's interim results for the six months ended 30 June 2019 are expected to be announced on 24 September 2019”. Now, 17th September, “Interim Results”. Hmmm…

Bearcast
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Tom Winnifrith Bearcast: Profound thanks to crony capitalist PR man Reg Hoare but sorry only 5 out of 10

I am grateful to Reg Hoare for prompting Begbies Traynor (BEG) to answer my questions and so save me from having to go to Manchester. But its response gets only 5 out of 10 and leaves me unconvinced. I look at Sirius Minerals (SXX) where things will only get more grim up North. I cover St James House (SJH) and also Watchstone (WTG), where I give credit where credit is due.

TWD
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Trackwise Designs – shock profits warning - why aren't heads rolling?

On 26th June “Trackwise Designs Plc (TWD), a leading provider of specialist products using printed circuit technology” updated including it “is currently trading in line with market expectations” and emphasising “operational progress and continued growth in customer numbers”. Its today-announced results for the first half of 2019 should be decent enough then – and indeed the company “is pleased to announce” them, with the statement including “Trackwise has made solid progress against its strategic objectives in the first half of the year” and “we continue to manage the resources of the business prudently”

Collapsing-Reactor

Neil Woodford Redemptions Watch: beating the market – but only on a technicality as investors take advantage

Yesterday the FTSE All-Share (Neil Woodford’s benchmark for his Equity Income and Income Focus funds) dropped by 0.63% but the funds’ NAV per unit only dropped by 0.4% and 0.48% respectively. On the face of it another day beating the benchmark, but one should note that with AIM-listed Eddie Stobart (ESL) currently suspended those figures don’t take account of yesterday’s calamitous news from that investment.

SXX
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You cannot be Sirius – it really is Grim Up North

For Northern Nimbies ,like my first cousin once removed, who do not want a Potash Mine on the North York Moors  this is great news. For shareholders in Sirius Minerals (SXX) it is a disaster. This company is in real trouble and may not be able to open its act of environmental vandalism after all.

Newsboy

The Financial Times tells its readers to go fuck themselves as it really loses the plot

Once known as the journal of record, the Financial Times has seen its readership tumble for many years following a litany of editorial misjudgments. Today it plunges to a new low of crass stupidity.

ECO
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Eco Atlantic – good value or guidance required from a film star?

Eco Atlantic (ECO) is a small scale exploration driller which would appear to be in the right place at the right time – Guyana. Two hits from two drills in the hottest place in oil expo land currently just cannot be ignored, but neither can a market cap of £320 million with no certified reserves. Gary Newman made a cracking buy call at 22p less than 2 years ago. At 175p as I type, is it worth buying or not?...

PMG
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Following the money at Parkmead – I just cannot see how this is not another festering pus of an AIM scandal

We have written extensively on the various related party deals at Tom Cross fiefdom Parkmead (PMG) but belated companies house filings now allow us to follow the complete money trail and this stinks. I really cannot see how Nomad Arden can tolerate this unless, of course, it is morally bankrupt and only cares about getting another retainer.

ENQ
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EnQuest is showing long term recovery potential - speculative buy

There seem to be a number of mid-sized oil producers which have fallen out of favour with investors for quite some time now, and I’d definitely have to include North Sea-focussed EnQuest (ENQ) high up on that list...

Tom
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FREE Podcast: ShareProphets Radio Edition NINE with Tom Winnifrith starring Carson Block of Muddy Waters

In this ninth edition of the ShareProphets Radio podcast, sponsored by Yorkville Advisors, in order I  chat to Antony Laiker,a friend despite being my stockbroker, a dinosaur like myself and the boss of AIM listed Vela (VELA). You may need to turn up the violume on his ansswers. Then it is onto Carson Block of Muddy Waters discussing Burford (BUR) and much else in great detail. Carson does not pull his punches and, to my mind, explains convincingly why his latest target will crater.If you like this and can't wait seven days for more of the same you should listen to my Bearcast every day.

AHT

It's the American Connection that Could Make Ashtead Shares Too Speculative

Hello Share Touslers. It’s hard to get my head round my present view of Ashtead (AHT), the massive tool hire company. The share price is often among the highest risers in the Footsie. And I confess I have made more money out of it than many of my winners. And yet I sold all my shares far too early, at 1800p. They’re now around 2300p...

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