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A failed fund manager insists Government Finances are in great shape whatever we doomsters say
Yes Neil Woodford is back with his new career as a blogger. You might think that UK Government finances are a mess. Think again, the UK's leading failed fund manager takes a different view Over to the disgraced Woodford.- By Tom Winnifrith |
- 4 hours ago |
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Tom Winnifrith Bearcast: is it racist to wish you a Happy St George's Day?
It probably is and Joshua, Olaf, Jaya and I am not, for obvious reasons celebrating myself but the Mrs is so if you are brave enough to wave a flag and so get reported for a hate crime, I wish you a Happy St George's Day. Then I sip the cup of Schadenfreude with the vicar and look at Bushveld Minerals (BMN), at the comedy show at Ben's Creek (BEN) and at my GOTCHA scoop and 88 Energy (88E). No need for me to get a journalism award for yet another scoop, save it for some PR cocksucker from the deadwood press. I have more words on Technology Minerals (TM1) and then there is a detailed look at Microsalt (SALT) which looks to me to be at least 66% overvalued.- By Tom Winnifrith |
- 4 hours ago |
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Ilika – “Capital Markets Day and Trading Update”, attempted ramptastic and cash burn?…
Describing itself as “a pioneer in solid-state battery technology”, Ilika (IKA) commences a trading update with that “trading for the year ended 30 April 2024 has been in line with current market expectations and the company expects to generate revenue of approximately £2.0m for FY 2024 (FY 2023: £0.8m)”. So what of a current share price of 28p, down from approaching 50p as recently as December?- By Steve Moore |
- 5 hours ago |
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Bluejay Mining, I am confused, surely it and disgraced Nomad SP Angel are not telling porkies (again)?
With a hat tip to reader D, I am mighty confused by recent comments made by BlueJay Mining (JAY) and its disgraced Nomad SP Angel of the fraud MySquar (MYSQ) infamy. I flagged up last week how the company was diworsifying into, inter alia, helium and hydrocarbon exploration in Greenland having failed at everything else.- By Tom Winnifrith, the Sheriff of AIM |
- 7 hours ago |
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Roadside Real Estate (ex-Barkby Disaster) – Still Suspended (No Accounts) But A Bonkers Refinancing
AIM-listed Roadside Real Estate (ROAD) – the renamed shambles that was Barkby (BARK) – has announced details of a refinancing package this morning. The shares remain suspended as the accounts are still not out, but even so this looks to me to be another disaster in the making.- By Nigel Somerville |
- 8 hours ago |
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tinyBuild – 2023 results argue “has the capability to deliver over the coming years”. Does it though?…
Describing itself as “a premium video games publisher and developer with global operations”, tinyBuild (TBLD) has announced 2023 calendar year results including noting an “opening gap in release windows that is being created by the recent series of titles cancellations and teams' closures industry-wide: in the next 12 to 36 months, there should be fewer competing titles launched than otherwise across all platforms, creating more space for our games to be seen and experienced”. That sounds like good news for it, so why a share price currently more than 20% lower back below 5p?- By Steve Moore |
- 8 hours ago |
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Avacta: Now just 43.75p and I am still sitting on the fence with Evil Banksta
Just over three weeks ago I made a duff call on Avacta (AVCT) at 51.25p. I believed then, as I believe now, that at some point these shares will collapse as I explained HERE but I argued that shorts should be closed. Well, that was a poor shout as the shares have already lost 16%. So are they worth shorting now? Over to Liverpool’s greatest numbers man since Ken Dodd who has done well shorting this in the past. He says…- By Tom Winnifrith |
- 8 hours ago |
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Gold suffers largest 1 day drop in 14 months, "don't panic" says Ross Norman
It is clear that some folks were not listening to Corporal Jones, sorry Ross Norman of Metals Daily. He insists the bull market is intact and writes:Not all buying is equal and that is becoming apparent to gold.
- By Tom Winnifrith |
- 8 hours ago |
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Gotcha: 88 Energy ‘ fesses to placing at just 0.16p but it naturally misleads investors
Last night I revealed HERE that 88 Energy (88E) has been trying to get a A$20 million placing away. This morning a rather hurried looking announcement of a book build being underway suggests a panicked response. GOTCHA! The thing is that 88 is not being entirely honest with the mugs and gerbils on its shareholder list.- By Tom Winnifrith |
- 8 hours ago |
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Scrap the BAT dividend – its not as daft as it sounds
As a shareholder in Imperial Brands (IMB) where the argument is the similar I have some sympathy. I like getting a dividend into my SIPP as it covers my costs and paying a regular dividend is a good discipline for a company. However, is there a case for scrapping the payout altogether? For a stock yielding almost 10% that would be a shock. But asset manager Tidefall Asset Management makes a good case. It has written to BAT Industries (BATS) as you can see below:- By Tom Winnifrith |
- 10 hours ago |
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Photo article: it's grim up North as Lucian ramps up the training
It is slowly dawning on Lucian Miers that 100 miles is a long way to walk and thus he is cranking up the training as you can see below. Having moved to the grim North (Yorks) there is much bleating about the cold, rain and wind. But it is for a good cause.- By Tom Winnifrith |
- 10 hours ago |
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BREAKING: 88 Energy has been trying to get a A$20 million placing away - City Source
I noted last week that at 0.45p 88Energy (88E) was capitalised at c£250 million which was insane. Natch scores of gerbils knew better than old TW@! A week later the shares are at 0.194p, still a £100 million market cap and I speculated today that an equity placing was needed. A source familiar with the situation has come forward. They say:- By Tom Winnifrith |
- 22 hours ago |
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Mind Gym – emphasises “significantly improved second half performance”, but sufficiently improved for the valuation?…
Behavioural science-based business improvement company Mind Gym (MIND) has issued a trading update commencing that it “has delivered a significantly stronger performance in the second half” and including that its “opportunity… in the large and highly fragmented Learning & Development market remains strong”. How “strong” though in relation to a currently up to 38.5p share price?- By Steve Moore |
- 1 day ago |
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Tom Winnifrith Bearcast: No Comrade Brian Basham you are a crackpot commie and wrong about capitalism
I start with the champagne socialist and his take on the scandal at Critical Metals (CRTM). Then it is on to Aferian (ARN), Revolution Beauty (REVB), Technology Minerals (TM1), DCI Advisors (DCI) and 88 Energy (88E).- By Tom Winnifrith |
- 1 day ago |
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The London Stock Exchange bats for More Lesbian Visibility or is it less?
When I say that some of my best friends are lesbians I really am not kidding. The lovely Abbe who broke my heart in 1986, my best friend from Oxford Elaine and the only one I did not proposition but whom my Godfather had once married, Olaf’s old headmistress. All out and proud so I have no issue with Lesbian Visibility Week. After all, barely a day goes by when we all don’t shout at the BBC for not having more members of the Lionesses talking about their g/fs, Claire Balding, Alex Scott et al on that day. So I am delighted that the London Stock Exchange (LSE) where I am a loyal shareholder, supports #LesbianVisibilityWeek..- By Tom Winnifrith |
- 1 day ago |
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Made Tech – “awarded £19.5m new contract”. Is it to be £19.5m though and should it could command a near 46% share price rise?…
Describing itself as “a leading provider of digital, data and technology services to the UK public sector”, Made Tech Group (MTEC) “is pleased to announce that it has been awarded a new contract with The Department for Levelling Up, Housing & Communities, worth up to £19.5 million revenue to the group over a 24 month period with a 12 month extension option”. Is it though ‘pleasing’ enough for a current approaching 46% higher to 13.5p share price?- By Steve Moore |
- 1 day ago |
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Technology Minerals hooks up with a right Wanke – smoke and mirrors disposal, $10m my arse!
Technology Minerals (TM1) claims to have sold its exploration licenses in Leinster, Ireland for “a gross consideration of $10 million.” Of course it has not. This is more smoke and mirrors turd polishing masterminded by evil PR genius Harry Chathli, a man who wants to be a director of a company whose CEO was suspended today over alleged insider dealing. Harry: you sure do pick ‘em!- By Tom Winnifrith |
- 1 day ago |
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Aferian – “positioned… on the strongest possible foundation for the future”. Er, what about the trading warning, maturing banking facility & upcoming lack of CEO?!
B2B video streaming technology company Aferian (AFRN) has issued “Trading Update” and “Board Change” announcements, including Chairman Mark Wells stating “our 24i video streaming business has made good progress this quarter and I am confident that the timely management actions taken in the last twelve months have positioned the group on the strongest possible foundation for the future”. So what of a share price currently 30% lower to below 9p in response?- By Steve Moore |
- 1 day ago |
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Tom Winnifrith Bonus Bearcast: the chatroom gerbils rush to defend bent CEO Russel Fryer of Critical Metals
I spell out in precise detail why Fryer should be sacked and why a failure to sack him, let alone to try and jail the £200,000 a year scoundrel, is so damaging. I look at how brain dead gerbils rush to defend him, by attacking an article they have not read and ignoring the truth. I ask if broker Fox Davies and PR firm St Brides care about the rules and their tawdry reputations or just about making money.- By Tom Winnifrith |
- 1 day ago |
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Keep Selling Petrofac, the Shoe is Dropping this is free money!
I wrote recently here that Petrofac (PFC) would be the next shoe to drop after Superdry (SDRY) and observed that the bond market is invariably better at pricing risk than the stock market.- By Lucian Miers |
- 1 day ago |