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EVR Holdings needs a 7,000% increase in revenue just to break even!
- By Gary Newman |
- 19 September 2019, 15:27 |
Tungsten Corp – argues swing to profit & “sales pipeline continues to grow”… so why are the shares lower?
Tungsten Corp (TUNG) has updated on its quarter ended 31st July 2019 including “revenue grew 5% in comparison to Q1-FY19”, “reflecting revenue growth, ongoing cost containment and collection of receivables written off in prior periods of £0.2 million… adjusted EBITDA increased to £1.0 million from a £(0.1) million adjusted EBITDA loss in Q1-FY19” and “our sales pipeline continues to grow, both by number and value of opportunities”. The shares have though currently responded to 43.5p, slightly lower…
- By Steve Moore |
- 19 September 2019, 15:27 |
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Kier Group – dismal FY19 results see Neil Woodford continue to look a right Charlie
Fully-listed Kier Group (KIE) has released its full year results to June this morning, and alongside them came the announcement that the Chairman is off. The market doesn’t seem to know how to take the numbers, and having closed yesterday at 132p the shares have wandered between 113p and 140p so far today and last seen sat almost unchanged. But one thing is sure: Neil Woodford looks a right Charlie, having piled in for ever more stock since the long-term collapse from around £8 per share at the start of last December as a flopped rights issue, management change, a strategic review and the scrapping of the dividend all took their toll...
- By Nigel Somerville |
- 19 September 2019, 14:38 |
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Tom Winnifrith Bearcast: Three dogs, which should be shot first?
In today's podcast I look at Xeros (XSG) as I consider the disruption of my own washing machine at the Welsh Hovel, Sound Energy (SOU) and EVR Holdings (EVRH).
- By Tom Winnifrith |
- 19 September 2019, 13:10 |
Petards – argues interims “slightly ahead of the board's expectations”… so why the share price slide?
“Petards Group plc (AIM: PEG), the AIM quoted developer of advanced security and surveillance systems, is pleased to report its interim results for the six months ended 30 June 2019” and “remains confident in the group's future prospects”. The shares have currently responded to 16p, capitalising the company at £9.2 million – er, approaching 18% down…
- By Steve Moore |
- 19 September 2019, 12:39 |
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BCA Marketplace – a tale of all that is wrong with capitalism & yes Neil Woodford is involved
This story is about grubby nepotism, egregious compensation schemes, and aggressive business strategies, with an old-fashioned, car auction house at its heart. It threads together the microeconomics of executive incentives with the macroeconomics of the credit cycle.
- By Tom Winnifrith, The Sheriff of AIM |
- 19 September 2019, 11:54 |
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Neil Woodford dog Xeros Interims – a "disruptive" wash-out
Neil Woodford dog, AIM-listed revolutionary washing machine purveyor Xeros Technology (XSG) has released its interim results this morning and the news is grim: revenues of £1.6 million led to a pre-tax loss of £9 million. Ouch.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 19 September 2019, 10:16 |
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Large caps are all about levels (as shown by Next, Diageo and Johnson Matthey today)
Elephants cannot gallop but that does not mean larger cap shares are uninteresting, because institutional investor types can get overly excited (or rudely underwhelmed) about shares almost just as easy as bulletin board types can do crazy things around smaller cap shares. With large caps it is about spotting big themes, looking carefully at the numbers and setting your levels. With this mindset you can find plenty of double digit plus total return opportunities – which is way better than money in the bank earning you the square root of nothing. Three cases in point today…
- By Chris Bailey |
- 19 September 2019, 09:25 |
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Neil Woodford Redemptions Watch: all eyes on Kier as a grim day beckons
Yesterday the FTSE All-Share (Neil Woodford’s benchmark for his Equity Income and Income Focus funds) was again almost flat – a performance matched by the unit NAV of Income Focus. But the Equity Income Fund unit NAV dropped 0.41% to bring the total fund size down to £3.11 billion. Oops….
- By Nigel Somerville |
- 19 September 2019, 09:25 |
Most Companies Need Help with Computers and this Feisty Firm has Clicked onto that
Hello, Share munchers. There are firms which do IT. There are companies that offer their services to them as IT consultants. And then there’s at least one promising outfit which trains graduates and others to be consultants who then support the IT function of other companies. FDM Group (FDM) is such an outfit. And, as we all know that IT is a minefield of complexities, that has to be a useful service. The corporate world seems to think so as FDM has a few thousand experts placed with companies around the world...
- By Malcolm Stacey |
- 19 September 2019, 09:18 |
Zoo Digital – adjusted EBITDA “ahead of our expectations”… but what are the expectations? And why “adjusted EBITDA”?
Zoo Digital (ZOO) has updated including arguing “good progress” towards being “a leading next-generation media localisation business that offers a unique combination of software and customer service to the film and TV industry's leading players”. With a current market cap of sub £60 million, sounds good…
- By Steve Moore |
- 18 September 2019, 15:40 |
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Incoming: Yet more questions for Ric Traynor and Begbies Traynor!
Last week I wrote to AIM listed insolvency practitioners - Begbies Traynor Group (BTG) about serious concerns and need for answers to questions on the lack of full and complete disclosure on Related Party Transactions. It answered but as I revealed today Ric now has another real question to answer ahead of the AGM tomorrow. While he po0nders that one...it gets worse.
- By Tom Winnifrith |
- 18 September 2019, 14:35 |
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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).
- By Tom Winnifrith |
- 18 September 2019, 14:30 |
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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!…
- By Steve Moore |
- 18 September 2019, 13:28 |
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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.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 18 September 2019, 10:01 |
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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”…
- By HotStockRockets |
- 18 September 2019, 10:00 |
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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.
- By Tom Winnifrith |
- 18 September 2019, 09:21 |
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”…
- By Tom Winnifrith & Steve Moore |
- 18 September 2019, 09:21 |
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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)…
- By Chris Bailey |
- 18 September 2019, 09:21 |
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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...
- By Nigel Somerville |
- 18 September 2019, 09:20 |