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Whilst I like Angling Direct as a business, the shares are just too high
Angling Direct (ANG) is a company that I actually like and have used myself to buy fishing tackle from, both in store and online, but what I’m less keen on is the market cap and struggle to see the value in it.- By Gary Newman |
- 31 August 2023, 14:38 |
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Eneraqua Technologies – with expectations already having been downgraded just a few months ago, what about a latest “trading update”?…
Industrial energy and water efficiency products company Eneraqua Technologies (ETP) has issued a trading update including noting “continue to make solid progress… profitable on an EBITDA basis… returned to a net cash position of £0.5m (gross cash of £5.9m), as the working capital investment made towards the end of FY23 unwound”. So what of a share price currently at 77.5p, more than 18% lower in response?- By Steve Moore |
- 31 August 2023, 14:37 |
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Sondrel – I having previously questioned how much confidence to have in the forecasts, now a dire “Trading Update”…
Previously writing on semiconductor company Sondrel (SND), early last month with the shares recovering to above 65p I questioned how much confidence to have in the forecasts and concluded it prudent to continue to Avoid. The shares most recently closed at 56p and today a “Trading Update and Notice of Results” announcement…
- By Steve Moore |
- 31 August 2023, 11:49 |
Video: The Cracks in the Edifice built on debt are Starting to Form
Asset manager Tim Price warns that we are “standing on the edge of the debt precipice.”- By Tom Winnifrith |
- 31 August 2023, 11:49 |
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Why PensionBee remains an avoid for me
A week ago I posted about the upcoming likely changes in the FTSE 100, and here we are with the formal selections. I know all the headlines will be about Marks & Spencer (MKS) rejoining, whilst Persimmon (PSN) shares fall out but, of the other changes, my guess would be that Johnson Matthey (JMAT) falling out (again) is more of an opportunity than a threat for a personal pension fund holding that I will now have to refer to as a FTSE 250 play. However, there is another stock I would like to talk about today…and that brings me to, how the hell is it up c.40% year-to-date, PensionBee (PBEE)?!…
- By Chris Bailey |
- 31 August 2023, 10:09 |
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Tern – Second Shoe Drops As GM Called
It is more ouzo-on-cornflakes this morning as AIM-listed Tern plc (TERN) has called a General Meeting to try once again to get its shareholders to approve the issue of more shares. This time, the company has placed a gun to the head of its (over-) loyal shareholders, and whilst it is clear that the company does indeed have to raise money pronto to avoid a gig with the Fat Lady, the implications are clear. But it is simply not enough….- By Nigel Somerville, the Deputy Sheriff of AIM |
- 31 August 2023, 09:15 |
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OptiBiotix Health – further commercial progress, Strong Buy, target 78p
OptiBiotix Health (OPTI) has issued a “Commercial update” announcement, noting commercial progress of its first-generation products range and reiterating plans for each business unit to reach operational profitability by the end of this year. What of this with the shares currently responding up towards 30p?- By Tom Winnifrith & Steve Moore |
- 31 August 2023, 09:14 |
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Tom Winnifrith Bearcast: Fraudster Chris Cleverly does have balls of steel
I start with my snake heroics of last night, surely my bravery merits some commendation. then it is Tingo (TIO) and finally the FCA created £100 million plus scandal at Regtech Open (RTOP).- By Tom Winnifrith |
- 30 August 2023, 16:52 |
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Macfarlane Group – interims, remains a value Buy
Protective packaging design, manufacturing and distribution group Macfarlane (MACF) has announced results for the first half of the 2023 calendar year and that new business momentum and its management of pricing and costs mean that its profit expectations for the full year remain unchanged.- By Tom Winnifrith & Steve Moore |
- 30 August 2023, 16:51 |
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Osirium Technologies – “pleased to announce” recommended offer, how ‘pleasing’ is it for shareholders?…
Osirium Technologies (OSI) is “pleased to announce… agreement on the terms and conditions” of an offer from identity security business SailPoint Technologies which it emphasises “represents a premium of approximately 95.83 per cent. to the closing price… on 29 August 2023”. Good news for shareholders then?- By Steve Moore |
- 30 August 2023, 16:22 |
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Quarto Group – argues “in line with our expectations” first half results, so what of the share price fall?…
Describing itself as a “leading global illustrated book publisher”, Quarto Group (QRT) has announced what Chief Executive Alison Goff describes as “in line with our expectations” results for the first half of 2023 and states that it is confident in its plans. What then of a current more than 20% lower share price response to below 125p?- By Steve Moore |
- 30 August 2023, 14:53 |
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TheWorks – full-year results, argues “resilient performance” so what of a further share price fall?…
Arts and crafts, stationery, toys and books retailer TheWorks (WRKS) has announced results for its year ended 30th April 2023 headlined “Resilient performance delivered in FY23 against challenging backdrop. Well-positioned to capitalise on opportunities from execution of strategy and deliver growth in FY24”. The shares are currently though down below 30p in response, so which looks the more reasonable assessment?- By Steve Moore |
- 30 August 2023, 11:49 |
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Is nanosynth toast? Now CFO, follows CEO and walks
This was a company that under various names was frequently pumped in return for the usual brown envelopes by the Sith Lord Zak Mir and which embraced that kiss of death in the usual way. I did warn folks that as Strat Aero, Remote Monitored Systems and as nanosynth (NNN) it was a bag of shite but natch folks loved up Mir for his bent journalism and trolled me for my efforts so where now? Oddly, I actually want nanosynth to survive but that is because I am a conceited barstool.- By Tom Winnifrith |
- 30 August 2023, 11:06 |
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Prudential says "for every life, for every future". How about every pension fund portfolio?
I am glad to see Prudential (PRU) shares back above ten quid as I write this morning after the publication of the company’s first half numbers. I cannot believe how excited the average investor is about financial sector shares but, if you are going to invest into the sector, then I reckon it is smarter to look at the developing markets and/or the insurance space. Both are always analytically tricky, but such is life (and the fun of the investment world).- By Chris Bailey |
- 30 August 2023, 10:25 |
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Bidstack RNS spoof: as the Fat Lady gears up for a gig before Christmas where is that death spiral?
On 20 June Bidstack (BIDS) was forced to finally forced to publish its diabolically bad calendar 2022 results. Although it had £8.7 million left in its piggy bank at the year-end – thanks to a placing undertaken by misleading investors – the projected cashburn in 2023 thanks to the Azerion deal blowing up means that by Guy Fawkes night the company will have run out of cash and gone up in smoke.- By Tom Winnifrith |
- 30 August 2023, 10:10 |
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Tern – Cash Crisis Delivers One Ouzo Already, As Wyld Refinances
I noted at the weekend the cash-crisis at AIM-listed Tern plc (TERN) as its portfolio of cash-guzzlers are running out of cash at the same time as Tern is also struggling. Yesterday at 3pm local time the first bomb dropped….- By Nigel Somerville, the Deputy Sheriff of AIM |
- 30 August 2023, 08:14 |
Tom and Nigel Disagree but Shares Are Set to Wake Up and Here Are Four in My Bag that could Rise Faster than Most
Hello Share Scrabblers. When I suggested at the weekend that the Footsie might soar between now and Yuletide, I was met with scepticism (to put it politely) by Tom and Nigel. But I stick by my opinion, based on 45 years of dedicated market watching. And here are four of my largest holdings that I think might rise faster than most.- By Malcolm Stacey |
- 30 August 2023, 08:14 |
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Pelatro – “Proposed Cancellation and Directorate change”, hopefully our prior warnings were heeded...
Previously writing on ‘customer engagement’ software company Pelatro (PTRO), a couple of weeks ago I noted discounted shares subscription and still “seeks to collect receivables” red flags. Those red flags haven’t taken long to unravel as it’s now a “Proposed Cancellation and Directorate change” announcement from the company...
- By Steve Moore |
- 29 August 2023, 16:21 |
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Tom Winnifrith Bearcast: Zenith Energy and a cast of scallywags
I am recording from somewhere new in Greece where there were awful fires last year. I discuss the arsonists and the BBC and its fake news on global warming. Then it is onto Optibiotix (OPTI), SkinBiotherapeutics (SBTX) and the dimwits who think I really did sack Gary Newman but, more importantly, today's statement from Optibiotix. Then it is Zenith Energy (ZEN), Regtech Open (RTOP) and the fraud Tingo (TIO).- By Tom Winnifrith |
- 29 August 2023, 16:21 |
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RM plc – covenant waiver, but this one for how long?…
RM plc (RM.) has issued an announcement which it commences by stating is “an update on the successful renegotiation of a short-term unconditional covenant waiver with its lenders” and includes that its lenders “continue to support RM as it implements its transformation programme to reduce its net debt and return the company to growth and profitability”. What is the detail of this and what of a current 61.5p share price?- By Steve Moore |
- 29 August 2023, 14:38 |