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Latest News

Madness

Julie Meyer tweet - is she losing the plot? Empty Bean bags?

I can understand following today's bombshell and yesterday's bombshell expose and the loss of her MFSA license on Friday and the criminal charges in Malta and all those other legal actions, that devout Christian Julie Meyer may be a little bit stressed right now. Perhaps this explains this bizarre tweet about Brexit of yesterday? Empty bean bags? In an economy with record employment and the lowest unemployment since 1975? Whatever. The response from one of her critics is, however, most entertaining.

TENG

Ten Lifestyle Group – interims emphasise “increase in member satisfaction levels”, what about shareholders'?

Having IPO’d on AIM at 134p per share in November, ‘lifestyle’ and travel concierge services group Ten Lifestyle (TENG) has announced results for the six months ended 28th February 2018. These include CEO Alex Cheatle “delighted with the increase in member satisfaction levels” and “as convinced as ever about the significant market opportunity and Ten's growth potential within that market as well as our ability to generate value for our shareholders”. The shares are currently at, er, 97.5p…

Bearcast
premium content

Tom Winnifrith Bearcast: Chris Bailey is right, Malcolm Stacey is wrong

So far it has been a good day. I look at four shares I own: Optibiotix (OPTI), Falanx (FLX), Premaitha (NIPT) - yes Wildes you are wrong! - and Sosandar (SOS). And I comment on today's Julie Meyer bombshell. Praise be the Lord. I look at Beowulf Mining (BEM) and wider lessons after its placing and then discuss housebuilders in general after Chris Bailey's excellent article HERE. Chris is right, my old friend Malcolm - a sector bull - is wrong and I explain why.

CRST

Quelle surprise: housebuilder Crest Nicholson warns about margins!

I do not think I have formally written about the housebuilders before but I know they are beloved by many investors out there citing yield, cash back to investors, an inherent shortage of housing and other attributes probably including their ability to walk on water. Any hopes of God-given capabilities have come crashing down to earth today though with an update from Crest Nicholson (CRST), shares in which have fallen another 13% to a new 12 month low. So what did it say? Here's the key excerpt from today's update:

ACRL

Accrol – after 2016 IPO at 100p & 2017 bailout placing at 50p, what now?

In June 2016 tissue products manufacturer Accrol (ACRL) listed on AIM, raising £63.5 million at 100p per share. Just seventeen months later it was bailout fundraising at half of the IPO price but still recently “revised banking arrangements” have been necessary and now at 3:08pm on 15th May 2018…

Boom
premium content

Winnileaks strikes again - the cash problems of Julie Meyer's Entrepreneur Country & the charge against a rented flat

Some days ago the Winnileaks service demonstrated how the cash crisis at Julie Meyer's Entrepreneur Country had forced it to attempt to sell on an R&D tax credit claim - effectively borrowing at an 163% annualised rate - just to pay its bills, HERE. It gets more interesting with a new bombshell disclosure which, I gather, was passed to the HMRC, FCA, ActionFraud and the Metropolitan Police two weeks ago with a request to investigate.

NIPT

Premaitha - placing, trading update, all good good good

Let's declare an interest first. FIML, a company owned via a Trust by dependents of Tom Winnifrith, took part in the placing at 4.5p but was scaled back so topped up with market purchases at 6.9p.

LPA

LPA Group - a buy

In January LPA Group (LPA) announced record results and in March updated that this year also “should present us with an excellent result. However, despite already being on a modest rating, the shares are down from 178.5p in February to a current 155p offer price and so…

BMV

Bluebird Merchant Ventures – Kochang “higher than expected grades”, still a buy

Previously writing on Bluebird Merchant Ventures (BMV) last week, we noted there looks news flow aplenty to potentially spark the shares – and now there’s an announcement of Kochang Underground Grab Sample Results

Oil-Rig

Why that Bubbling Oil Price Makes Both Big and Small Producers Even more Attractive

Hello Share Scrollers. I think I recall saying way back in 2017 that the oil price could soar to reach $80 a barrel in the Spring. And we’re only a dollar away from that forecast now. Of course, I did not know that troubles in the Middle East would get so horribly worse.

TERN

Tern – detailed look at FY17 accounts reveals a monster cash crisis: it is no better now

I said the other day that following the £1.75 million placing at 18.5p (a 30% discount) last week it looked as though Tern plc (TERN) had enough cash to see it through for the time being. But I’ve been looking through the FY17 Annual Report and now I’m not so sure. In fact I am sure it does not have enough cash. Its portfolio of investee companies looks a shambles and it seems that Tern has been paying some of its investees’ bills. Quite how auditor Grant Thornton thought the company fit to pass as a Going Concern is a mystery to me.

ZYT

Zytronic – ‘pleased to report a doubling of the dividend’, so why a share price decline?

Touch sensors manufacturer Zytronic (ZYT) “is pleased to report a doubling of the interim dividend to 7.6p (H1 2017: 3.8p) in line with our progressive dividend policy, and the continued development of our business into new markets”. Sounds promising – and the shares have currently responded… more than 8% lower, towards 400p. Ah…

NIPT

FinnCap - Premaitha at 7p worth 12p

It is the house broker so not impartial. I think the target for Premaitha (NIPT) is too low and bought more shares this morning in the secondary market. But here is the Finncap take in a 20 page note:

Bearcast
premium content

Tom Winnifrith Bearcast: Bankers are not nice folks, I know, I was one - ref Telit & The People's Operator

First of all thanks to so many of you for your kind responses to yesterday's bearcast - I am now in a serious dialogue with the Police and I hope they will catch and prosecute the culprit.  In today's podcast I look at the Sunday Times Rich List which is largely fiction, at Audioboom (BOOM), MySquar (MYSQ), Premaitha (NIPT - where we own shares and indeed have bought more - The People's Operator (TPOP) and Telit (TCM)

SPRP
premium content

Sprue Aegis – with 2017 results including a more than doubled adjusted profit, why another share price slump?

“Highlights” of calendar year 2017 results from Sprue Aegis (SPRP) - proposed to be re-named FireAngel Safety Technology Group - include adjusted profit before tax up to £4.7 million, from a prior year £2.3 million, yet the shares have responded to the results announcement currently more than 25% lower, to below 100p…

BOOM
premium content

Audioboom - Karma for Rob Proctor with his fecking cornflakes: RTO pulled, almost bankrupt

I cannot hide my pleasure at today's catastrophic news from Audioboom (BOOM). Media companies should believe in free speech - Rob Proctor's outfit buckled at once forcing me to move bearcast elsewhere. And now Proctor's company faces possible bankruptcy in four weeks time. Ha fucking ha. This is a shambles.

Boom
premium content

EXCLUSIVE: How do you make a Maltese Cross? Winnileaks has another Julie Meyer letter

How do you make a Maltese Cross? Well how about doing that which the regulators at the MFSA have strictly forbidden you to do? Thanks to the Winnileaks service we have another emailed letter from Julie Meyer

VOD

Vodafone - CEO sensibly exits stage left

little over three months ago, I noted about telecoms behemoth Vodafone (VOD):

WEB

Webis Holdings – turned out to be an excellent punt with up to 200% return

Just over a year ago I thought it might be worth taking a punt on Webis Holdings (WEB) as a special situation play. Well, sometimes, it is better to be lucky to be right as although my reasoning wasn’t exactly spot on, one could have cashed in this morning for about a 200% gain.

COG

April tip of the month from HotStockRockets – Buy Cambridge Cognition

This is from HotStockRockets at the end of last month; tipped at a 145p offer price, and now circa 170p - to catch such articles first click HERE... To see Britain’s Buffett, Nigel Wray, at the top of the shareholders list is always an encouraging sign and with Cambridge Cognition (COG) this is added to by recent developments…

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ANP

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Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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