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Latest Views & News

KETL
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Put the kettle on, it’s another disastrous trading statement from Strix containing a blatant porky

In August 2021 shares in the company claiming to be revolutionising the world of kettles, Strix (KETL) were 375p. Today they are 62.5p after yet another disastrous statement. Old father time, Malcolm Stacey, was a fan but Steve and I warned you time and time again. Let’s start with the dividend. It’s been axed.
AAU
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Ariana Resources – Resource And Reserves Update Which Poses Me Questions, But Still A Buy

AIM-listed Ariana Resources (AAU) this morning announced a resource and reserves update regarding its Kiziltepe mine and the forthcoming new plant at Tavsan. At one level, this morning’s news underlines just how cheap the shares are. But on another, it has confused me and as an uber-loyal shareholder, if I’m worried about clarity then others will be too.
CML
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CML Microsystems – profit warning, how loudly did it previously ‘sound a note of caution’ really?…

December-announced half year results from “semiconductors for global communications markets” company CML Microsystems (CML) emphasised “the financial and operational progress made during the period has been pleasing and gives the board a great deal of confidence as we continue to deliver value to our shareholders”. That was with the shares then at above 380p, but the HotStockRockets website noted in February industrial markets conditions concern and the shares were sold from the portfolio there at 394p. They most recently closed at 373p… and what of today a “trading update” currently seeing them down to 320p?
Bearcast
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Tom Winnifrith Bearcast: Mr Market's mood swings, Caracal nonsense and I just can't get excited about Fevertree

I discuss Mr Market and Optibiotix (OPTI), why you need zero exposure to hospitality stocks, Caracal Gold (GCAT), and Fevertree (FEVR).
OPTI
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OptiBiotix Health – discounted EIS placing, target price cut but still 85p

OptiBiotix Health (OPTI) has announced a £1.35 million placing with CEO Steve O’Hara arguing “given the scale of the opportunities, the board has decided to raise additional capital to capitalise on these growth opportunities and build shareholder value”. It hasn’t got off to a very good start – the news sending the shares more than 11.5% down to 21p. But this is an EIS raise, the last OptiBiotix will be able to do, so suggestions of flipping are just wrong.
SBTX
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Skinbiotherapeutics – no I cannot explain the shares spike but, caveat emptor, CLG effectively has the cuffs off

Why on earth are shares in Skinbiotherapeutics (SBTX) up by 32% at 11.25p today I am asked. Do not get me wrong, I am not complaining. My breakeven on this one is c16p and I’d be over the moon if all comes good and I can start deciding which goats to buy as I explained HERE. But….
BEN
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Ben’s Creek: Further debt drawdown, credit card now maxxed out, when will the shares be suspended?

On February 9 Ben’s Creek (BEN), already drowning in c$40 million of debt and liabilities, announced that it needed an emergency loan of $5 million from its 29.9% shareholder Avani just to keep the lights on. Five quickly became ten and today it was announced that the final $1.25 million of that enlarged facility had been drawn down. Ben’s now has c$50 million of debt and liabilities and still seems to be burning cash. But the Avani credit card is now maxxed out.
NGHT
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Revolution Bars v NightCap a quick comparison

Revolution Bars (RBG) looks to be pretty screwed, as I noted earlier. But Sarah Willingham’s Nightcap (NGHT) is also a great bet to gig with the Fat Lady though it is still in denial. But the comparative valuation metrics here will be touted by some.
CEL
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Celadon: this CULS malarky smells all wrong, a £53m short!

I have been a bear of Celadon Pharmaceuticals (CEL) since last March when the shares were c 150p. My scepticism caused much consternation for its PR bird Sarah McLeod who called to complain bitterly that I had ruined some feminazi lunch she’d been attending with what she termed my “daily hit job.” Or put another way, an article she had not actually read. The shares are now 85p but something still does not stack up. I do hope there is no FemiNazi lunch planned for today…
ZOO
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Zoo Digital – now expects to beat full-year market guidance, but how much of an achievement is that?…

Previously writing on group describing itself as “a leading provider of end-to-end cloud-based localisation and media services to the global entertainment industry” Zoo Digital (ZOO), in July with the shares falling below 75p I concluded that slashed forecasts and the outlook uncertainty still weren’t fully reflected in the valuation and to certainly continue to avoid. The shares most recently closed at 22p, but what of them currently bouncing to above 28p on the back of a latest “Trading Update”?

RBG
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Revolution Bars, from bad to worse: surely Luke Johnson is not daft enough to keep this afloat?

On the occasion of its most recent profits warning on January 24, Steve Moore rightly flagged up that the real issue was the balance sheet. Today the chickens have come home to roost at Revolution Bars (RBG)
VINO
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Virgin Wines UK – interims, states “confidence in ability to meet FY24 profit expectations”… but doesn’t bother to indicate what those are…

Online wine retailer Virgin Wines UK (VINO) has announced results for its half-year ended 29th December 2023 headlined “Introduction of strategic initiatives and robust customer base underpins triple digit bottom line growth”. The shares have currently responded up to 41.5p, but is there value including with they still down from above 50p as recently as September?
Bearcast
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Tom Winnifrith Bearcast: a case study in red flag spotting from Big Dave

In today's podcast I look at Optibiotics (OPTI), PennPetro (PPP), Predator Oil & Gas (PRD), Technology Minerals (TM1), Sareum (SAR) and N4 Pharma (N4P) 
SDRY
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Does Superdry have to publish an RNS or should the FCA being arresting someone at ADVFN

Evil Banksta points out to me that the share price of Superdry (SDRY) is a tad frothy today, up 13% at 27.4p. Over on the ADVFN asylum someone claiming to be an employee has “news”
MMAG

Letter to AIM Regulation: musicMagpie (again)

As I explained in bearcast yesterday, HERE, I think that musicMagpie (MMAG) is a zero. One think keeping the shares up, at 7.15p rather than closer to zero, is the misguided belief in some quarters that the company is going to get a takeover. I have written to the Oxymorons at AIM Regulation as you can see below.
TND
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Tandem – 2023 results, a “promising start” to 2024…that it dare not detail!

Shares in “sports, leisure and mobility equipment” group Tandem (TND) had remained well down from a start-of-2022 575p but had risen from below 150p to above 200p in 2024, so what of they currently back down to 200p on the back of the group’s 2023 results announcement?
BEN
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BREAKING: Ben’s Creek is a life raft being readied by MBU ahead of administration? Tell us about Freeland...

As my old pal Doc Holliday says “rinse and repeat, rinse and repeat” MBU run by Iqbal Mohammed and Adam Wilson bought the worthless assets of Ben’s Creek (BEN) for buttons from a bank that had foreclosed on the prior owner. MBU packaged them up, floated it, pumped the stock, dumped its shares at bonkers prices ad vended in more pointless assets leaving the cash burning company drowning in debt and unpaid bills. The word on the street is that with contractors unpaid, a highwall miner being taken off site, activity on the ground has almost ceased. There should be an RNS…
PPP
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Pennpetro: the news is so bad even Big Dave Lenigas cannot tweet polish this turd

What has happened to my old pal David Lenigas? Normally he is on twitter ramping away happily any stock where he or his bromance pal Richard Poulden are in charge or have an interest. But this morning as Pennpetro (PPP) where the chairman is a Mr. David Lenigas, has served up a trading statement, Big Dave has gone all twitter trappist.
AEO
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Aeorema Communications – interims emphasise “a resilient blue-chip client base”, but why a profit warning the company dare not detail then?

“Strategic communications group” Aeorema Communications (AEO) was in the portfolio on the HotStockRockets website until a small profit was banked at 72p in November last year as results then included that “many brands are delaying projects and pushing them into the first half of calendar year 2024”. The shares most recently closed at 75p, but what of them currently down below 60p on the back of a “Interim Results and FY Projections”-titled announcement?
Bearcast
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Tom Winnifrith Bonus Bearcast: Can I trust Steve O'Hara any more or recommend Optibiotix shares?

Today's placing is a bit of a kick in the gonads. I discuss it and hope that O'Hara takes what is said on board.
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