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Mission Group – having less than a month ago considered itself “on track to deliver against the board's expectations”, now a severe profit warning (and much worse!)…
Describing itself as “comprising a group of digital marketing and communications agencies”, Mission Group (TMG) has issued an announcement titled “Trading Update and Revised Outlook for 2023”. Considering its activities and the current macroeconomic environment, I’d suggest the trading and “revised” outlook aren’t going to be good…- By Steve Moore |
- 23 October 2023, 11:24 |
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Upland Resources "bid approach": a clear fraud, a spoof or perhaps just real insanity?
On Friday afternoon and throughout the weekend folks from the Upland Resources (UPL) ramping community, a group almost as pointless as Queers for Palestine, were tweeting that Upland had received a 14p bid approach but was going to reject it as being too low. This morning Upland said that as a result of speculation it was forced to confirm this was all true. That the shares are just 6.25p tells you Mr. Market smells a rat. The FCA and the Takeover panel should be all over this and shorters should be adding to their short as fast as possible.- By Tom Winnifrith |
- 23 October 2023, 10:10 |
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Monday’s analytical calm before the earnings season storm
This week, Monday is the analytical calm before the global corporate earnings storm. Irrespective of whether you are a UK-focused or a global multi-asset investor, it is going to get busy over the next couple of weeks even before we talk about geopolitical and central bank decision matters.- By Chris Bailey |
- 23 October 2023, 09:14 |
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Advanced Oncotherapy – Update On Financing As the Mega Ouzo-Order Goes In
AIM-listed crock Advanced Oncotherapy (AVO) which is already suspended served up an update on its financing this morning. It makes utterly grim reading: time to order in a huge delivery of Ouzo for Christmas.- By Nigel Somerville, the Deputy Sheriff of AIM |
- 23 October 2023, 08:31 |
Shell or BP? Here Are a Few Clues
Hello Share Seekers. Both Shell (SHEL) and BP (BP.) have soared since I last tipped them. But I can’t claim credit because it was a no brainer. And I couldn't know about the current Middle East crisis then. Any road up, I don’t think it’s too late to invest in the oil giants. But which is the better bet – Shell or BP?- By Malcolm Stacey |
- 23 October 2023, 08:12 |
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Tern – How’s The Funding? I love the smell of a cash crisis in the morning!
How, I wonder, is the funding situation at AIM-listed jam-tomorrow investment company Tern plc (TERN)? Tern, no doubt will tell us that everything is just fine but you and I know that is not the case. For a start, its interim results to June 2023 showed that it was in desperate need of cash and shareholders were pulled to a General Meeting with a gun to their heads to approve plans for new share issuances last month. But there is another issue: Konektio.- By Nigel Somerville |
- 22 October 2023, 15:21 |
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Avon Protection has enjoyed a strong rise but I believe there is more to come and you should ride the trend - BUY
With all that is going on in the world in terms of conflicts, and with heightened tensions across the Middle East as a result of the Israel-Palestine situation, now would seem like a good time to be very cautious about the markets.- By Gary Newman |
- 22 October 2023, 12:58 |
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The ShareProphets Sunday Pub Quiz #211
It's time for the ShareProphets Sunday Pub Quiz.. There are no prizes! And remember, no Googling!
- By Darren Atwater |
- 22 October 2023, 10:42 |
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Sunday Long Reads: China Civil Servant Test, Cash-for-Carbon Hustle, Terrifying BBC Show, Bad Elephant, Monstrous Victorian Adventurer
Sunday is a good time to sit back, read, and forget about shares. Put the kettle on, find a comfy chair. You have the time, don't you?
- By Darren Atwater |
- 22 October 2023, 10:42 |
Visual Aid: Top 10 Bitcoin Mining Countries & Their Renewable Electricity Mix
Bitcoin miners use an estimated 348 terawatt hours of electricity per year, and with the world increasingly moving to renewables, some are asking the question: just where does Bitcoin get its electricity?
- By Darren Atwater |
- 22 October 2023, 10:40 |
#BoycottStarbucks and its shares look like a good short too
Normally when you boycott a company because of some woke nonsense some folks say "but what about the poor workers." In the case of Starbucks it is not the company, although it has sinned on many on occasion, but on this occasion it is its workers who are revolting.- By Tom Winnifrith |
- 22 October 2023, 10:39 |
Notes from Underground – Most read articles for the week ending 21 October
Here are the most read and most listened-to articles and Bearcasts on ShareProphets over the past seven days. The most read non-Quiz, non-Tom article last week is by Steve Moore, Videndum – interims argue “remains well positioned”. Er what about that, amidst noted macroeconomic headwinds, it “may require an equity raise”?! at No 5 or No 11 including Bearcasts.
- By Darren Atwater |
- 22 October 2023, 10:38 |
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Tom Winnifrith Bearcast: No abuse from Avacta shareholders today but maybe Nigel and the gold loons will have a go instead
In today's podcast I discuss 3 non financial red flags at Pennpetro (PPP), gold, Amaroq (AMRQ), Avacta (AVCT) and Eco Buildings (ECOB).- By Tom Winnifrith |
- 21 October 2023, 15:54 |
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Pennetro – this is what it was hiding
Late in the day Pennpetro (PPP), the latest worthless ramp of Mr David Lenigas finally published its annual report on its website having lied earlier in the day saying it was already up. I asked yesterday what it was hiding HERE. Well now we know.- By Tom Winnifrith |
- 21 October 2023, 12:14 |
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Tharisa – Q4 report, a cash-supported recovery Buy
PGMs and chrome producer from South Africa Tharisa (THS) has issued a fourth quarter report for its year ended 30th September 2023, which also includes “production guidance for FY2024 is set between 145 koz and 155 koz PGMs (6E basis) and 1.7 Mt to 1.8 Mt of chrome concentrates”.- By HotStockRockets |
- 21 October 2023, 11:49 |
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Karelian Diamonds – Poxy Placing Trashes Share Price At No-One Is Watching O’clock while Prof Conroy's daughter in corporate governance shambles
AIM-listed Karelian Diamonds (KDR) announced a placing at 1.44pm yesterday – late lunchtime on a Friday as the City looked forward to a weekend of rugby. In other words, it was no-one-is-watching o’clock. The amount raised, just £250,000 – and even that is before expenses – was pitiful; the discount – a whopping 33% - alarming for existing shareholders. The shares dropped 25% on the day.- By Nigel Somerville, the Deputy Sheriff of AIM |
- 21 October 2023, 11:42 |
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The View From The Montana Log-Cabin As Gold Presses On Higher within a whisker of record highs
Gold finished the week at $1981 – another thumping rise from last week’s $1932 and now within 5% of the all-time high as fears of stagflation and the potential for a major Middle East conflict continue to build whilst US treasury yields continue to push higher and the equity market is looking wobbly. Are we finally at the point where Gold will finally break out into a major new bull phase long predicted in this column?- By Nigel Somerville |
- 21 October 2023, 10:45 |
B.P. Marsh & Partners – positive interims, a big win share tip but still a discount to NAV Buy
Investor in early stage financial services businesses B.P. Marsh & Partners (BPM) has announced results for its half-year ended 31st July 2023 and that it is “well positioned to take advantage of the current M&A market, both on the buy and sale side”.- By Tom Winnifrith & Steve Moore |
- 21 October 2023, 10:42 |
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Disgraceful: Regtech Open – has the villainous Alessandro Zamboni now missed 3 payments, shares now 87.5% down in under 2 months since IPO
Still the FCA refuses to intervene in the scandalous fraud that is Regtech Open (RTOP). The FCA approved a prospectus and the shares listed at 100p on August 25. Within a couple of weeks they were 304p. Now they are 12.5p, a loss of 87.5% in less than two months from the IPO and 97% off the peak of a couple of weeks later.- By Tom Winnifrith |
- 21 October 2023, 10:39 |
You Think All Footsie Shares Are Safe? Think Again.
Hello Share Folks. There’s a common perception that buying shares in Footsie jumbos is safer than penny shares. But it ain’t necessarily so. Therefore, it seems more sensible to have a mix of pennies, medium caps and Footsie members. As well as keeping at least 10% of your pile in cash.- By Malcolm Stacey |
- 21 October 2023, 10:12 |