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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 |
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Versarien Turnaround Plan My arse – grant in Spain
Evil PR spinners IFC have crafted a gem of a release for its soon to be bankrupt client Versarien (VRS). The headline “Turnaround Strategy - Gnanomat Grant Award” is just so misleading, IFC should be truly ashamed.- By Tom Winnifrith, the Sheriff of AIM |
- 13 September 2023, 08:30 |
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Kefi Gold & Copper – notes further progress with Ethiopian government, still an upcoming project catalysts BUY
Last week we noted on Kefi Gold & Copper (KEFI) that it was seeking Tulu Kapi project further progress in the week including the finalising of capital controls details with the Ethiopian central bank and addressing the few remaining loose-ends of Ethiopian Ministry of Mines-facing agreements. It now is pleased to report a number of important outcomes from its meetings.- By HotStockRockets |
- 13 September 2023, 08:29 |
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GOTCHA – Regtech Open, you couldn’t make this up but it did!
On Tuesday morning I flagged up glaring red flags in the Monday announcement from the bezzle Regtech Open (RTOP) that Alessandro Zamboni’s Avant Garde had transferred 250,000 warrants “to settle a debt”. A corrective RNS duly followed. Gotcha! But the transaction still makes no sense.- By Tom Winnifrith |
- 13 September 2023, 08:28 |
Though Engineering Bores the Pants Off Some of Us, this Big Niche Operator is Worth a Gander
Hello Share Chasers. One of my long-time favourites is Spirax Sarco (SPX). The trouble is that it operates in the oh-hum heavy engineering sector and it ain’t easy to understand what it does from its name. Nevertheless, where’s there’s boredom, there often brass, as my grand pappy used to say.- By Malcolm Stacey |
- 13 September 2023, 08:08 |
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DX Group – H.I.G. and largest shareholder Gatemore respond to its “Possible Offer” RNS
H.I.G. has ‘noted’ the announcement by DX Group (DX.) of a possible offer by it for DX at 48.5p per share and announced that it “has received letters of intent in support of the possible offer from Gatemore Capital Management LLP and Lloyd Dunn”, though also “there can be no certainty that an offer will ultimately be made even if the pre-conditions are satisfied or waived. A further statement will be made as and when appropriate”. So what now of a current 43p to sell DX share price?- By Steve Moore |
- 12 September 2023, 16:16 |
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Tom Winnifrith Bearcast: EK says never trust a man who does not drink, ref Chris Bailey & Fevertree
I start with my nettle beer brewing and ShareStock, then move on to Fevertree (FEVR), Kefi Gold & Copper (KEFI), the greatest joke ever told, IQE (IQE) and Chill Brands (CHLL)- By Tom Winnifrith |
- 12 September 2023, 16:16 |
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Itaconix – interims, how “pleased” should this former Neil Woodford pick be to announce these?…
Former Neil Woodford pick describing itself as “a leading innovator in sustainable plant-based polymers used to decarbonise everyday consumer products”, Itaconix (ITX) states that it “is pleased to announce its unaudited interim results for the six months ended 30 June 2023”. With the shares currently at 183.5p, how ‘pleased’ with the results should it be?- By Steve Moore |
- 12 September 2023, 15:00 |
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The definition of a bad company is one that can never generate cash – IQE interims
Another set of results comes out from the sheep shagging chip makers at IQE (IQE) and as usual the numbers are piss poor, more cash has been burned and there is warning about current trading. The shares are just 16.4p, having been 174p just under six years ago when folks like Paul Scott and our own Malcolm Stacey were frothing so excitedly about them as I warned and warned again.- By Tom Winnifrith |
- 12 September 2023, 12:51 |
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Gym Group – interims, how well positioned to ‘take advantage of growth opportunities’?…
Self-described “leading low cost gym operator” with 230 sites across the UK, Gym Group (GYM) has announced results for the first half of the 2023 calendar year including emphasising “the actions we have taken to strengthen management, our financial position and the group's customer proposition will enable us to continue to take advantage of the many growth opportunities”. So what of a currently slightly further down to 111.8p share price, comparing to above 140p even early this year?- By Steve Moore |
- 12 September 2023, 12:23 |
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An Open Letter to the FCA - how have you allowed a £180 million utterly false market to be created in just over two weeks & will you fix it?
The FCA has failed again in its role as the body charged with approving prospectuses for companies listing on the Standard List. I refer to RegTech Open Project PLC (RTOP) which listed on 25 August with a £60 million valuation at 100p and which is now capitalized at £180 million. But it is clearly an almost worthless entity. Folks are going to lose a lot of cash. I have written to the FCA begging it to put an end to what is clearly a false market.- By Tom Winnifrith |
- 12 September 2023, 11:50 |
Arcontech – full-year results, a winning share tip in 5 weeks but with more to go!
Provider of products and services for real-time financial market data processing and trading and an 80p offer price tip here last here last month, Arcontech Group (ARC) has announced its results for its year ended 30th June 2023 and that its new year has started positively with it confident about the outcome.- By Hotstockrockets |
- 12 September 2023, 11:16 |
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FeverTree continues to focus on a certain type of consumer/user…and investor
I have some breaking news for you all. Back in May last year, I observed that “I continue to no longer recommend selling your FeverTree (FEVR) shares (although I still haven’t tried its products)”. This now needs to be updated, as the other week J Sainsbury (SBRY) had a FeverTree lemonade on offer and I did try the “clear, sparkling lemonade” product (although I failed to follow its suggestion to mix the “finest fruit cups” with vodkas or gin). Otherwise…how do I feel about the company’s first half results?
- By Chris Bailey |
- 12 September 2023, 11:10 |
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BREAKING: A ban on the sale of disposable vapes will have a significant impact on Chill Brands - sell
Chill Brands (CHLL) is one of those companies that seems to move its focus from one product to another, all of which are going to be the next big thing, but never really achieves much in terms of sales, and even less so in revenue or profitability.- By Gary Newman |
- 12 September 2023, 10:43 |
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Regtech Open: the bastard son of the Supply@ME Capital fraud – the comedy continues
At what point will the FCA show some shame for admitting this worthless POS with a non IFRS compliant prospectus to the Standard List with a £60 million joke valuation? The shares are now 292p valuing a loss making company with (falling) sales of £1million last year and no balance sheet at £173 million. And now there is another red flag at RegTech Open (RTOP)- By Tom Winnifrith |
- 12 September 2023, 10:17 |
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DX Group – “Possible Offer”, what to do following 48.5p per share “proposal”?
DX Group (DX.) has announced “a possible all cash offer for the company at a price of 48.5 pence per DX share” from H.I.G. European Capital Partners. So what of the shares currently at 43p?- By Steve Moore |
- 11 September 2023, 16:05 |
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Tom Winnifrith Bearcast: I reckon Wandisco will run out of cash by Christmas 2024, Versarien a year earlier
I start by remembering 9/11. Then I look at Wandisco (WAND) which is rebranding as a Mosquito or a scream of pain (I kid you not), Sportech (SPO), Yourgene (YGEN), wider problems on AIM, Versaien (VRS), BSF Enterprise (BSFA) and CEO's who get payoffs for wrong doing or being useless.- By Tom Winnifrith |
- 11 September 2023, 16:04 |
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Engage XR – interims emphasise virtual reality potential, but what’s the financial reality outlook?…
Previously writing on Engage XR (EXR), last month with the shares up to 3.6p I noted I’d look out for the fuller financial detail of the 11th September-expected half-year results and for further trading detail but questioned at that point how optimistic to really be and concluded to continue to avoid. The shares most recently closed at 2.85p, but what about them currently back above 3p on the back of the half-year results announcement?
- By Steve Moore |
- 11 September 2023, 14:19 |