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Latest News

Malcolm

How to Make the Very Most of Next Saturday's Big, Big, Big UK Investor Show.

Hello Share Packers. We all know the big UK Investor Show is at Westminster next week, compere Mr Malcolm Stacey. And, because you’re serious enough about shares to be on this magnificent website now, I bet we’ll be meeting a few of you on Saturday. I’ve been attending the show for years now, so allow me the impertinence of giving a few tips on how to wring the best from your visit.

AVO

Advanced Oncotherapy – still no answer to my questions, but does the market know something I don’t?

I have asked the same questions of AIM-listed Advanced Oncotherapy (AVO) twice before but there has been nothing forthcoming from Advanced Towers. Here we go again, on the day that marks three weeks from the end of Advanced’s loan from Blackfinch, a loan which is secured on its Harley Street premises and a loan which has not yet been announced to have been paid back. Advanced may be coy about answering, but it seems the market has been voting with its feet.

GRA

Grafenia – equity raise to fund acquisitions… or is it?

A 1:15pm announcement of a change of adviser from AIM-listed Grafenia (GRA). Hmmm, a strange time to announce that – though I note it accompanied with Issue of Equity

Bearcast
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Reloaded: Tom Winnifrith Bearcast - my new fecking phone is the shepherd of Porlock, apologies & a P45 for Darren Atwater

Version 2. Darren cut off 6 minutes of the podcast first time around. I am a nice guy. I will not fire him...until Monday. After many years I have upgraded from a Nokia brick to a sort of smart phone but I cannot work out how to answer calls or indeed shut it off or put it on silent. So in this podcast it very much plays the shepherd of Porlock.  In the podcast itself I discuss my domestic arrangements ahead of the return of the Mrs and a weekend with the mother-in-law ( some of us have all the luck) then look at TrakM8 (TRAK), RM2 (RM2), Online Blockchain (OBC) and reminisce about Sefton (SER) and Jimmyliar Ellerton, prompted by a long chat with Brokerman Dan last night. In detail I look at Fishing Republic (FISH) which looks, to me, an increasingly sick puppy. If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH.

GDL
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G3 Exploration, formerly Green Dragon Gas, and Greka Drilling - have you heard about the $12.5 million fine, the record falsifying and worse?

Anyone owning shares in G3 Exploration (G3E), the howler formerly known as Green Dragon Gas, or Greka Drilling (GDL) is bonkers given that both companies are in a parlous financial state but also given their track record of swimming through seas of red flags. Remember the bloody dossier? Well here is another massive red flag from the sister company also run by Randeep S Grewal, California based Greka Oil & Gas.

UTW

Utilitywise – Woodford-backed dog down again on accounting update

Shares in Utilitywise (UTW) are currently approaching 10% further lower, towards 30p, on the back of an update on the financial impact to it of accounting standard IFRS 15 (Revenue from Contracts with Customers), interpretations of which are mandatory for future accounting periods from the start of 2018…

TRAK

TrakM8: a treble whammy of bad news for it - I'm celebrating

For those of us who have been 100% vindicated with our bearishness on TrakM8 (TRAK) today is a bit of a party because we find ourselves celebrating not one but three pieces of bad news. And we are not the only ones celebrating.
I would imagine that Lorne Daniel, an honourable man, who is the research analyst covering tech round at FinnCap will also be on cloud nine as he will never have to write another supportive corporate broker note on this dog ever again. For the first news is that TrakM8 is switching Nomad and broker from FinnCap to Arden Partners.

AIR

Air Partner - after £4m profits overstatement , CFO walks with immediate effect: More questions to be answered

Someone, other than the worm formerly in the accounts department who stands accused of covering up an up to £4 million profits overstatement, had to pay the penalty for the mess at Air Partner (AIR). Hopefully its prize shit of a PR man Tom Allinson will be next but the first to walk the plank is Chief Financial Officer, Neil Morris.

LWB

Low & Bonar – reports Q1 revenue increase, why are the shares slumping?

Low & Bonar (LWB) has updated commencing “group revenue has increased in the first quarter of the year, despite challenging market conditions in Europe and the USA, led by growth in both the Building & Industrial and Interiors & Transportation businesses”. I though note the shares already down from over 80p in October and currently a further circa 7% down today, heading towards 50p…

QUIZ

Quiz plc – “pleased” with revenue growth, what about margins?

Having been cautious on ‘fast fashion’ womenswear retailer Quiz plc (QUIZ) since July 2017 161p per share AIM IPO, I note a positive share price response to a year ended 31st March 2018 trading update…

BMY

Wizard Book Company Could Work More Magic with the Share Price

Hello, Share Pickers. Personally, I don’t drool over the Harry Potter books. Nor the films, either. But I’m not a child or a teenager and there’s no doubting the power of these spell-binding tales. Also very partial to the Harry Potter saga is Bloomsbury Publishing (BMY).

FRR
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BREAKING: Frontera Resources declines to comment on legal proceedings

An industry source in Georgia has been in contact to relay news on Frontera Resources (FRR) which is not good at all. I offered the company the chance to refute or deny the allegations via its morally bankrupt PR agency Yellow Jersey but I have had no reply, not even a plea to extend my deadline. You can draw your own conclusions from that. My source writes:

Bearcast
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Tom Winnifrith Bearcast: the PR man from Air Partner, Tom Allison, is a bombastic and evasive little prick

Mr Allinson works for Cardew and bullied me in a most unpleasant way last Wednesday. Perhaps he thinks that he has found a journalist easily bullied. If so, the odious A grade shit thinks wrongly. And he is refusing to answer a key question about his client Air Partner (AIR). Elswhere I look at Mothercare (MTC), Tomco (TOM) and Carpetright (CPR). If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH.

SOLI

Solid State – “the success of the organic growth strategy is now in evidence”. Er, is it?!

Trading Statement from manufacturer and distributor of electronics for use in harsh environments, Solid State (SOLI) commences that “the board is pleased to announce that the group profit before tax for the financial year 2017/18 will be in line with market consensus forecast at approximately £3 million. Year on year group revenue is expected to be slightly ahead of expectations at in excess of £45.5 million, close to 15% growth”. Sounds ok – and the shares have responded… er, currently around 25% lower to sub 300p?!?...

Collapsing-Reactor
premium content

BREAKING - 700 Beaufort clients to lose money - all client funds frozen till September or later

Nearly all clients of Beaufort Securites, now in adminstration, will end up losing nothing but will not get their cash and shares back until September at the earliest. But for 700 of the largest customers the news is not so good. They have today been told that their FSCS compensation, which is capped at £50,000, will not be enough to offset the steep charges being levied against client accounts by greedy fat cat administrators. 

GNK

Breakout! Staying hopeful on Greene King and Dunelm

There is a lot of news out today including the latest dodgy updates from retail stragglers Mothercare (MTC) and Carpetright (CPR), both of which are completely uninvestable at the moment as I last discussed HERE. However, it is two other names I would like to update on today.

OBT

Obtala – Q1 2018 update, momentum building

Obtala (OBT) has updated on the first quarter of 2018 – including “invoiced sales of $3.9m, quarterly record exceeded for contracted sales - $8m” and the setting of new records for timber orders received and for volume of production” – seeing it further “on the path to our most pressing objective, to become cash-flow positive, and towards our longer-term objective of achieving high levels of sustainable profitability”

WPCT
premium content

SHOCKING: Woodford and Benevolent AI – Has Neil really been forced to give away his shares for free??

I’ve been wondering for a while how Neil Woodford was going to deal with the impending crisis at his flagship Equity Income Fund in relation to the hard, unquoted stock limit of 10% and with all his Get Out of Jail cards used up. Filings at Companies House seem to indicate that he was left with one last option – giving his shares back to the company at nominal value!

SRT

SRT Marine Systems – “results reflect the excellent progress we have made”. Do they?

Previously writing on SRT Marine Systems (SRT), I concluded in November with the shares at 36p to continue to avoid. They had subsequently slipped to around 20p – but are now recovering towards 25p on the back of a Year End Trading Update

KIBO

Kibo Mining: “Company Update” – could this be the news we’re all waiting for? Oh…..

Louis Coetzee is clearly a bit of a tease. On Tuesday, Kibo Mining (KIBO) was expected to update its investors on ongoing Power Purchase Agreement discussions and things looked promising when it issued a Company Update at 2pm... only for all shareholders to be bitterly disappointed by yet another discounted placing! What is going on Louis?

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