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Cloudbuy – Interims underline my sell stance - corporate knacker's yard surely beckons?
AIM-listed Cloudbuy (CBUY) reported its interims to the end of June yesterday and the news seems to me to be utterly grim: revenues of just £0.5 million, a loss of £0.7 million and a balance sheet showing net assets of MINUS £6.5 million complement the accumulated losses of £16.7 million. At least the company seems to be consistent! The statement at least refrained from telling us it was pleased to announce the numbers but my sell stance is thus far vindicated: last offered at 3p, the shares now stand at just 2.4p.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 22 August 2019, 11:03 |
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Still gambling on Rank Group
I have written a couple of articles on the Mecca Bingo and Grosvenor Casino operator Rank (RNK), concluding last time that 'Rank is not so dank after all...the share still remains below the (interesting) 160p level. Worth a punt!'…
- By Chris Bailey |
- 22 August 2019, 10:30 |
Redemptions Watch: bad news for Neil Woodford as redemptions spike higher at Income Focus
The news blackout at Woodford cash-guzzling dog Verseon (VERS) continues, but at least the shares did not slip any further yesterday. That is more than can be said for fellow kennel cohabiter Xeros (XSG) as the fine disruptor of washing machines tries to get £10 million of new money to avoid the free taxi ride to the corporate undertakers.
- By Nigel Somerville |
- 22 August 2019, 09:14 |
Unfairly Criticised National Grid may Power Up its Share Price on Future Demand
Hello Share Scrimpers. Attracting negative publicity at the mo is the National Grid (NG.). It’s just established that the recent power cut was caused by the rare event of a bolt of lightning putting out two big power stations and seeing the electricity supply depleted. But, as far as I remember, no such setback has occurred before. And given all the power stations that feed into the Grid and all the infrastructure needed to supply power everywhere, this is an efficiency record to be proud of. But what about the shares?...
- By Malcolm Stacey |
- 22 August 2019, 09:10 |
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Tom Winnifrith Bearcast: A MAJOR red flag for the US and global stockmarkets
Hat tip my esteemed stockbroker, I flag up a major red flag for global equity markets. I discuss a hot rumour of the real reason the FCA swooped to shut down broker SVS. I look at Canadian Overseas (COPL), Avanti Communications (AVN), Sound Energy (SOU), Woodford Patient Capital Trust (WPCT) and Brady (BRY).
- By Tom Winnifrith |
- 21 August 2019, 17:25 |
Frontier Smart Technologies – “pleased to announce… Board Transition, Refinancing and Strategy”… but still trading turnaround needed
Previously writing on Frontier Smart Technologies (FST), it was noting 47.6% shareholder Science Group (SAG) hits out following update announcement – that including a dig that throughout the (35p per share) offer period “the Frontier board maintained its position that it ‘strongly recommends that Shareholders neither accept the Science Group Offer on its current terms, per the offer document distributed to shareholders on 2 July 2019, nor sell any Frontier shares via the Panmure Gordon dealing facility’”. There has since been Frontier “Board Change” and now a “Board Transition, Refinancing and Strategy” announcement…
- By Steve Moore |
- 21 August 2019, 17:24 |
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If Ferguson wants to run off to the US market...so be it
A couple of days after Greene King (GNK) got scooped up by a Hong Kong billionaire, and on the day that Cobham (COB) announced the scheme particulars for its mooted takeover by a US peer, I read that plumbing and bathrooms kit company Ferguson (FERG) is thinking about switching to a US market listing. So woe betide the future of the UK market? In my opinion not at all...but you just have to face facts…
- By Chris Bailey |
- 21 August 2019, 17:24 |
Gulf Marine Services – from late May “improving pipeline of opportunities” to now “disappointed to reset guidance for 2019”!
Previously writing on Gulf Marine Services (GMS), in December I noted warns but argues there will be longer-term improvement; It’s got to be around for that first though! – concluding still bargepole / sell as the shares slumped below 10p. Today a “Corporate & Board Update”…
- By Steve Moore |
- 21 August 2019, 15:29 |
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Tom Winnifrith Bonus Bearcast for Roger Lawson: your post Burford proposals are largely unwise & would be, largely, counter productive
In the wake of the Muddy waters attack on Burford (BUR) Roger Lawson of ShareSoc has published a detailed set of proposals to tackle what he sees as a big problem as you can see HERE. He makes a couple of suggestions which we can agree on as being utterly sensible. But he fails to grasp that existing laws can deal with other issues, the problem is that they are never implemented. He goes on to make a number of proposals which are naive and would gag websites like this in the extremis making London markets, already a great place for fraudsters and shameless promoters to do business, even more friendly for such folks. They would be a disaster as I explain in detail.
- By Tom Winnifrith |
- 21 August 2019, 13:15 |
Brady – from end-May “new sales pipeline is building” to now “revenue from new customers forecasted will not materialise during fiscal 2019”!
A trading update from Brady (BRY) commences; “Brady plc (BRY.L), a leading global provider of trading, risk management and settlement solutions to the energy and commodities sectors, announces that, over the course of the first half of 2019, Brady has had positive engagements with existing customers, and the recurring revenue is in line with expectations”. The shares are currently around 35p – down more than 35% though!...
- By Steve Moore |
- 21 August 2019, 12:20 |
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Blackmore Bond Plc – is the next domino in the mini bond scandal about to topple?
In early 2019, I wrote a series of articles on what has become a widely known minibond scandal. On 6 January 2019, I flagged up a swathe of red flags at London and Capital Finance Plc (“LCF”) (now in administration). On 3 February 2019, I asked whether Blackmore Bond Plc was another minibond disaster in the making? Well it looks increasingly like that was yet another incredibly prescient call, the latest warnings signs are:
- By Tom Winnifrith, The Sheriff of AIM |
- 21 August 2019, 10:58 |
Redemptions Watch: for Neil Woodford no news certainly is bad news
No publicity is bad publicity, goes the old showbiz saying but for Neil Woodford any publicity is bad publicity these days. However, no news is bad news for him, and that brings me back once again to his disruptive medical play Verseon (VERS) which must be teetering right on the edge by now.
- By Nigel Somerville |
- 21 August 2019, 10:56 |
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RedT Energy – Rollocks it’s suspended as the reality dawns that renewable generation has unintended impact
I have been on hols the last few weeks in the UK, but could not miss the disruption resulting from the power outage on the grid on the 9th August. Being the sort of chap I am, it did not take me long to turn my thoughts to which small cap companies could be beneficiaries of this. I came up with one – RedT Energy (RED). But its shares are suspended pending an RTO finalisation. Bugger! Meanwhile I can rant a bit awaiting its re-list on where we are and why...
- By Peter Brailey |
- 21 August 2019, 09:24 |
Down Under Permission Makes this Car Battery Hunter Worth a Look
Hello, Share Swampers. The world is changing. And part of the move is away from fossil fuels, including petrol. So it makes sense for armchair tycoons like us to look for companies in tune with this growing trend. Cadence Minerals (KDNC) is one such firm...
- By Malcolm Stacey |
- 21 August 2019, 09:10 |
CEPS plc – on 17th June “encouraged”, now; “materially behind expectations for the six months to 30 June”!
CEPS plc (CEPS) has made an intra-day (1:07pm) “Trading Update”. I thus suspect it ain’t going to be good…
- By Steve Moore |
- 20 August 2019, 17:38 |
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Tom Winnifrith Bearcast: Tony O'Reilly Jnr you really are the biggest shit in Ireland
In today's podcast I start with how Roger Lawson wants laws changed that will shut ShareProphets down and is using Burford (BUR) as his pretext. I look at how the AIM demise of Avanti (AVN) shows how wrong Lawson is and at lessons we can all learn. I cover Providence Resources (PVR) and its dirtbag fat cat boss Tony O'Reilly Jnr, at Cabot Energy (TOAST), Mysale (MYSL) - another mark of shame for Burford's Nomad Macquarie and for Sir Philip Green - and at IMC Exploration (IMC) which is toxic.
- By Tom Winnifrith |
- 20 August 2019, 17:37 |
Albert Technologies – EGM listing cancellation approval, another tale of AIM woe
Albert Technologies (ALB) has updated “at the Extraordinary General Meeting held earlier today the special resolution to approve the proposed cancellation of the admission of the company's ordinary shares to trading on AIM was duly passed… In order to enable continued trading of shares the company has appointed Asset Match”. This following a “Proposed Cancellation” announcement last month which included “the directors believe the current market valuation does not reflect the Albert's market opportunity, the value of its technology, its current and potential client list, and the overall progress we have made in the enterprise market in the last two years”…
- By Steve Moore |
- 20 August 2019, 16:40 |
Kin and Carta – argues “will drive sustainable profitable growth in the new fiscal year”… so why a share price slide?
Kin and Carta (KCT) has updated including “CEO, J Schwan said, "Innovation continues to power ahead and is increasingly recognised for the market leading solutions it brings to its clients. The work to reposition our Strategy and Communications pillars, as well as the increased level of investment in the Connective growth platform will drive sustainable profitable growth in the new fiscal year"”. The shares are currently, er, more than 10% lower below 85p…
- By Steve Moore |
- 20 August 2019, 15:25 |
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Yourgene Health – director appointments and share buying round-up
Updating on Yourgene Health (YGEN) earlier this summer we noted Adam Reynolds buys 900,000 shares at 11p. A “Directorate Change” announcement now sees him emphasising an appointment bringing “experience in commercialisation strategy, M&A and business development within the industry majors, as well as his extensive US contact base”…
- By HotStockRockets |
- 20 August 2019, 13:00 |
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MySale – proposed bailout placing reinforces not far from existing shareholder wipeout… but for management ‘replacement’ “share incentive scheme” (natch!)
Previously writing on MySale Group (MYSL), in June I noted “Strategic Review and Formal Sale Process... with a view to maximising value for its stakeholders”. Uh oh…, concluding Shareholder wipeout ahoy? Certainly still bargepole / sell. Now “Outcome of Strategic Review and proposed Placing”…
- By Steve Moore |
- 20 August 2019, 12:28 |