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Powerhouse Patent Hocum Schmocum
If Powerhouse Energy (PHE) was a serious company it would have gained patent protection for its IP many, many, years ago in its long and inglorious career on AIM. But it is not. And so today it announces with great fanfare that it has been notified by the European Patent Office that the Company's European Patent Application No 20751207.0, "Method and Apparatus for the Treatment of Waste Material", will be fully granted on the 11 October 2023. Hold the fucking front page.- By Tom Winnifrith, the Sheriff of AIM |
- 15 September 2023, 09:05 |
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Video: Gold and Silver Reveal Fiat Fraud
Chartist and trader Patrick Karim asks, “Why is gold going up if it’s so useless?”- By Tom Winnifrith |
- 15 September 2023, 09:00 |
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DS Smith – solid AGM trading statement, still a value and income Buy
Packaging company DS Smith (SMDS) has issued an AGM trading statement emphasising that trading is in line with expectations and that it is positioned well for the remainder of its year and beyond. Sounds reassuringly solid then.- By Tom Winnifrith & Steve Moore |
- 15 September 2023, 08:34 |
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AIM Awards shortlist out – more nauseating self indulgence, but perhaps it tells us where value lies
As David Lenigas so rightly pointed out the other day, AIM is not the world’s most successful growth market, as it claims, it is dying on its feet. It is on track to suffer its worst year in history in terms of fundraisings, investors are set for another year of negative returns and the number of companies is shrinking rapidly to more than 20 year lows. Yet the fat cats, the crony capitalists who have grown rich are preparing for a black tie feast of back slapping and self indulgence, where tickets costing hundreds of pounds and vast drinks bills are ultimately pad for by you, investors. The AIM Awards shortlists are out. It is nauseating.- By Tom Winnifrith |
- 15 September 2023, 08:33 |
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Ingenta – interims, an ahead of market expectations Buy
Software and services to the publishing industry company Ingenta (ING) has announced results for the first half of the 2023 calendar year and that “on balance, the board remain confident in the outlook for the year and expects that EBITDA for the year ended 31 December 2023 will be ahead of market expectations”. Sounds good, but we focus on the bottom-line rather than EBITDA so how’s that outlook from a current around 120p share price?- By HotStockRockets |
- 14 September 2023, 16:27 |
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Portmeirion – after recent “significantly below” expectations profit warning, reckons “pleased to announce” half-year results!
Previously writing on homewares group Portmeirion (PMP), in July on a “significantly below” expectations profit warning that saw the shares falling below 300p I concluded that I continued to avoid. The shares most recently closed at 288p, and what of them currently slightly further lower on the back of “pleased to announce” half-year results?
- By Steve Moore |
- 14 September 2023, 16:09 |
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Tom Winnifrith Bearcast: bloody rotten day, Frisby wants me to kill my cats and Bill Gates fecks up a video as I buy more shares
In today's podcast I discuss forthcoming videos and look at Kefi Gold & Copper (KEFI), Amaroq (AMRQ), Seed Innovations (SEED), John Lewis, Regtech Open Platform (RTOP), Online Blockchain (OBC), ADVFN (AFN), and THG (THG) run by that prick Matt Moulding which is surely still a short even at 70p.- By Tom Winnifrith |
- 14 September 2023, 16:05 |
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Checkit – interims, “on an accelerated track to profitability”…or not?
‘Operations platform for the deskless worker’ company Checkit (CKT) has announced results for its half-year ended 31st July 2023 including CEO Kit Kyte emphasising that it “is on an accelerated track to profitability”. How ‘accelerated’ is this track with the shares currently responding up towards 30p?- By Steve Moore |
- 14 September 2023, 14:05 |
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More losses announced and a warning of delayed recovery: Why hasn’t failing Dame Sharon White been sacked by John Lewis?
Sharon White was appointed, with no retail experience whatsoever, as chair of John Lewis in 2019 on an annual salary of just shy of a Bernie. A year later, for services to the bien pensant community, when was made a Dame and unveiled a five year plan to get John Lewis to making £400 million of profit by 2025. Since then, it has been loss after loss after loss and today it got worse.- By Tom Winnifrith |
- 14 September 2023, 11:36 |
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LoopUp – interims argue “well placed… to become a future winner”, but is it really?…
Cloud communications platform group LoopUp (LOOP) states that it is “pleased to announce” results for the first half of the 2023 calendar year and that it is “well placed with a building pipeline to become a future winner in the multinational segment of the $31 billion Cloud Telephony market opportunity”. With the shares currently up more than 50% in response to above 3p, is it now “well placed”?- By Steve Moore |
- 14 September 2023, 11:05 |
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Brooks Macdonald, wine and cheese parties and too high margins
You may have read that the ARM IPO in America is set to be a ranging success, when markets the other side of the Atlantic open later today. Just over ten days ago, I observed that any punters looking to buy the shares in the market would be fools (despite the fact that most of our smartphones are somehow currently influenced by one of its products). My view remains that it is wise not to get excited by the hype (even if you made a fortune when ARM was UK market listed back in the day). And talking about hype, let’s talk about the world of wealth management.
- By Chris Bailey |
- 14 September 2023, 10:43 |
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Deepverge: the Fat Lady is gargling and has Gerry Brandon knicked the website too?
Oh dear, Oh dear as disgraced share tipster Mike Walters used to say as yet another of his disastrous share tips went horribly Pete Tong. At Deepverge (DVRG) things go from bad to worse. You almost could not make this up: The company says that “Unfortunately”…- By Tom Winnifrith, the Sheriff of AIM |
- 14 September 2023, 10:07 |
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Eight Capital Partners 2022 accounts - part of the house of cards
Yesterday I celebrated the massive revisions to Eight Capital Partners (ECP), 2021 accounts as a result of my good works with the FRC. But Eight also published its 2022 numbers this week and guess what?- By Tom Winnifrith |
- 14 September 2023, 08:44 |
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Regtech Open – more horrible omissions in prospectus that the FCA somehow approved
I have already highlighted issues such as the joke valuation methodology and the lack of IFRS Compliance which the clowns at the FCA seem to have missed. RegTech Open (RTOP) underwent a direct listing which meant that it didn’t have a broker scrutinising its Prospectus nor undertake any marketing on its behalf and it really shows, a few more errors for the FCA to consider, follow.- By Tom Winnifrith |
- 14 September 2023, 08:27 |
Sondrel – I having previously noted half-year results concerns, it’s to now be with an Interim CFO…
At lunchtime today self-described “fabless semiconductor business providing turnkey services in the design and delivery of 'application specific integrated circuits' and 'system on chips' for leading global technology brands”, Sondrel (SND) announced a presentation for existing and prospective investors on 22nd September for the company’s first half of 2023 results. However, what of the hosts now being CEO Graham Curren and Interim CFO Nick Stone?- By Steve Moore |
- 13 September 2023, 16:05 |
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Tom Winnifrith Bearcast: From the Top (BP's Looney) to the bottom, the bum that is Zak Mir
In today's Bearcast I look at sordid Mir in relation to the scumbags at Dukemount Capital (DKE) where i hope my prior warnings were heeded. I look at IOG (IOG), Ben's Creek (BEN) and at BP and Bernard Looney- By Tom Winnifrith |
- 13 September 2023, 15:16 |
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Made Tech – cash burn abounds but it’s “thank you” from £37.6m of shares sold on 2021 AIM listing CEO Rory MacDonald!
Previously writing on group describing itself as “a leading provider of digital, data and technology services to the UK public sector” Made Tech (MTEC), in May with the shares heading down towards 20p I noted a horrid trading warning and to continue to avoid. What of now results for its year ended 31st May 2023 and the shares currently falling further towards 15p?
- By Steve Moore |
- 13 September 2023, 14:49 |
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GOTCHA! Eight Capital Partners accounts for 2021 and 2022 are now both out and are shocking - Part 1
Yesterday Eight Capital Partners (ECP), the bastard cousin of the fraud Supply@ME Capital (SYME) released both its revised 2021 accounts and its delayed 2022 accounts. I start with the revised 2021 accounts as I had previously reported Eight to the Financial Reporting Council on 18 July 2022 about those numbers. So, yes, this is yet another win and validation of my work. When Eight fessed up to the FRC ongoing investigation on 3 July it stated that revised accounts were being prepared but with no indication of the scale of the revision.- By Tom Winnifrith |
- 13 September 2023, 12:44 |
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Frontier Developments – full-year results, how “comfortable” to be with even current dire consensus trading expectations for this year?
Describing itself as “a leading developer and publisher of video games” Frontier Developments (FDEV) has announced results for its year ended 31st May 2023 including that it “continues to be well capitalised, with a cash balance at the end of FY23 (on 31 May 2023) of £28.3 million… comfortable with market expectations for FY24”. So what of a share price currently further down to around 300p in response?- By Steve Moore |
- 13 September 2023, 10:59 |
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Looney Tunes at BP, CEO walks after more evidence of him shagging about emerges
When former BP (BP) CEO John Browne was found to have put his Brazilian rent boy lover on expenses he was forced to walk (after all expenses abuse is theft) but his supporters insisted that this was a homophobic witch hunt and he was duly made a member of the House of Lords and has become part of the great and good. One rule for 1% using company funds inappropriately, another for the 99%. Today we embark on another show of one rule for them, one for us. BP’s latest CEO, Bernard Looney, has resigned with immediate effect.- By Tom Winnifrith |
- 13 September 2023, 08:59 |