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Devolver Digital – warns AGAIN!, and still how much confidence to really have in its stated expectations?
Previously writing on company which describes itself as “an award-winning digital publisher and developer of indie video games” Devolver Digital (DEVO), in April with the shares falling below 30p I concluded an AIM IPO Roll-Call of Shame from the 2021 listing remained justified and as did a stance of bargepole/sell. With the shares having most recently closed at 19.5p, what of a latest trading update?
- By Steve Moore |
- 3 August 2023, 11:18 |
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Online Blockchain – do the maths – what is the cash position? ( hint its grim)
The blockchain to NFT to AI to whatever bandwagon is next entity run by ex ADVFN boss Clem Chambers with well remunerated help from his sons, that is Online Blockchain (OBC), must surely be running on vapours. Finally it seems that investors are waking up to the lifestyle joke that this is. Gone are the days when the shares were pumped by Clem’s pals allowing a placing at 100p. The shares are now just 13p.- By Tom Winnifrith, the Sheriff of AIM |
- 3 August 2023, 11:07 |
Video: The Financial Equivalent of Nuclear War
Gold bug, author and investor Alasdair Macleod believes that the US dollar is heading towards a major financial crisis due to its unsustainable debt trap, contraction of bank credit and rising interest rates. What a cheery fellow.- By Tom Winnifrith |
- 3 August 2023, 10:37 |
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Verditek shares sliding – is it bust yet? Or is a discounted placing being forward sold?
The maths on this share tip from disgraced Mike Walters of the frauds Minmet, Polly Peck, 3DM, and the list goes on and on, infamy are clear. Verditek (VDTK) is – as of today running on vapours and unless it can get a bucket shop – deeply discounted – placing away, the shares should be suspended pending clarification. To recap for chairman, Tory Toff, Lord Willetts.- By Tom Winnifrith, the Sheriff of AIM |
- 3 August 2023, 10:27 |
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Deepverge now has just 1 employee, no cash and no operating business – when does the Fat Lady arrive?
Back on July 12 Deepverge (DVRG) announced that it was making all its staff redundant and ceasing to fund its operating businesses as the cash was almost gone. The last staff left on July 31 leaving just the PLC board.- By Tom Winnifrith, the Sheriff of AIM |
- 3 August 2023, 09:58 |
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Another dismal month for AIM in July: no end to the decline of “the world’s most successful growth market”
The AIM Market statistics for July 2023 have arrived. Yo bogus Sheriff Marcus Stuttard: why do you think things are going so badly on the sewer?July 2023 saw 1 new joiner and 5 departures taking AIM down to 788 companies.
- By Tom Winnifrith |
- 3 August 2023, 09:09 |
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Trackwise Designs – “appointment of administrators”, investors wipeout and how much do the money-banked roll-call of shame participants really care?
Previously writing on Trackwise Designs (TWD), just over a month ago I wrote results delay shares suspension ahoy… and will they come back from suspension? – concluding again hopefully my prior warnings were heeded and, natch, still avoid/sell. Today an “appointment of administrators” announcement.
- By Steve Moore |
- 2 August 2023, 16:15 |
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Ingenta – half-year trading update, a ‘comfortably in line with expectations’ Buy
Provider of software and services to the publishing industry Ingenta (ING) has announced continued growth in the first half of the year and that it is confident of full-year results “comfortably in line with market expectations”. Sounds good, but what’s the detail?- By HotStockRockets |
- 2 August 2023, 16:09 |
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Tom Winnifrith Bearcast: the one day rise and fall of Orcadian Energy
In today's podcast I consider US opinion polls as President Trump is indicted for a third time, Alison Rose and women FTSE 100 directors and how Ms Rose screwed women customers of NatWest (NWG) in particular. Then it is onto Orcadian Energy (ORCA), Optibiotix (OPTI), Wildcat Petroleum (WCAT) and Bushveld Minerals (BMN)- By Tom Winnifrith |
- 2 August 2023, 14:36 |
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CAP-XX – trading update, how optimistic to be on recent orders and “sales opportunities” really?
Describing itself as “a world leader in the design and manufacture of thin, prismatic supercapacitors and energy management systems”, CAP-XX (CPX) has announced a trading update following its year ended 30th June 2023 including “revenue is expected to be A$4m” and “a broadly based increase in orders across the product portfolio and a notable strengthening of the book-to-bill ratio in the past three months… an increased focus on strengthening the relationship and focus on the customer is expected to see revenue and sales opportunities continue to grow into FY2024”. So what of a share price currently down to 1.45p?- By Steve Moore |
- 2 August 2023, 13:35 |
Deltex Medical – “pleased to announce” fundraising completion. How ‘pleasing’ for shareholders though?!
The board of Deltex Medical Group (DEMG) states that it “is pleased to announce the completion of the fundraising and capital reorganisation… trading in the company's ordinary shares… has now resumed on AIM”. Good news then?- By Steve Moore |
- 2 August 2023, 11:30 |
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I admit it, Ibstock and the world of clay bricks gives me investment excitement
Loads of interesting FTSE 350 corporate numbers out today. Akin to my thoughts a quarter ago, there is no need to own shares in Haleon (HLN) even if the world of consumer healthcare is not boring (just in this case heavily factored in). By contrast, Taylor Wimpey (TW.) shares are cheap, and are up this morning, and it was alright to read that its “full year UK completions excluding joint ventures to be in the range of 10,000 to 10,500, the upper end of our previous guidance”. However, I have no intention of buying the shares, even if the UK still needs plenty of new flats/homes and banks are desperate to introduce 35-year mortgages. A much smarter way to play this trend, for me, remains Ibstock (IBST) and the world of clay bricks and related.
- By Chris Bailey |
- 2 August 2023, 10:45 |
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The Financial Services Industry celebrates diversity – where are the customers black tie awards ceremonies?
You want your broker to be good at his or her job and to be judged accordingly. You are so much of a bloody dinosaur. This is 2023 FFS. PIMFA the trade body for financial services has announced the short list for its 2023 Diversity & Inclusion Awards. You and I know that this bollocks adds to the cost base of member firms which you and I, the customer, ends up paying for. As for the black tie awards ceremony… in the end you know who is paying for that too, don’t you?- By Tom Winnifrith |
- 2 August 2023, 09:37 |
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Barkby And Yesterday’s Disposal Announcement – What A Shambles!
I sat there incredulous: AIM-listed disaster Barkby (BARK) released an RNS announcing a disposal but the financial details were unfathomable. Is that really how companies and their advisers are supposed to behave? Of course, in this case, there could be a good reason for the obfuscation…..- By Nigel Somerville, the Deputy Sheriff of AIM |
- 2 August 2023, 09:03 |
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Very Strange calls on Tingo
I am in no doubt whatsoever that Chris Cleverly’s Tingo (US:TIO) is a fraud and a zero in waiting. I was the first bear to call it out almost a year ago at ShareStock* and the research by Nick Slocum, Hindenburg et al is damning. Claimed operations, customer contracts, customers and, I bet cash, simply do not exist. I have exposed the fraud of Cleverly and the antics of Darren Mercer for years, receiving lawyers letters and trolling in return but triumphing as it was the bad guys whose companies were fined and slung off UK listed markets. Not me. However, I had two calls yesterday coming in…- By Tom Winnifrith |
- 2 August 2023, 08:50 |
Space Age Hospitals Need the Latest Gear and this Medical Trailblazer Fits the Bill
Hello Share Collectors. The general hospital that hosted my hernia operation at the weekend is an ordinary NHS institution. But my operating theatre was filled with new sophisticated agentry of the like I’ve never before seen. The fast-moving hospital equipment business is booming, I fancy.- By Malcolm Stacey |
- 2 August 2023, 08:10 |
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Tom Winnifrith Bearcast: as a shy flower said to me today "if you like the company, its all noise, ignore the fluff."
Truly this guy is not only an investment sage but a budding poet. In today's podcast I discuss Probiotix (PBX), Skinbiotherapeutics (SBTX), Chapel Down, insider dealing, Wishbone Gold (WSBN), Predator Oil & Gas (PRD), Pennpetro (PPP), Tirupati Graphite (TGR) and Eco Buildings (ECOB).- By Tom Winnifrith |
- 1 August 2023, 16:29 |
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Ethernity Networks – emphasises expected improvements, but what about the current contracts delays and extended sales cycles?!
Describing itself as “a leading supplier of data processing semiconductor technology for networking appliances”, Ethernity Networks (ENET) has issued a ‘strategy, trading and $1.5 million order update’ announcement – and what of the shares in response currently up to 1.75p?- By Steve Moore |
- 1 August 2023, 16:29 |
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Why I like Diageo and its brands (purely for the pension fund, naturally)
You may have read that from today “tax jumps on wine and spirits but falls on fizz”. I am sure fizz drinkers will be excited on this news, whilst those preferring wine and spirits may have a different opinion. As the world’s most boring person, who had his last alcoholic drink before the age of eighteen, I really should not be particularly fussed by the news today. However, what intrigued me about the story was whether there was going to be an impact on Diageo (DGE) or not?- By Chris Bailey |
- 1 August 2023, 15:31 |
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Engage XR – H1 update and “look forward to the second half of the year with optimism”, though how optimistic to really be?
Describing itself as “a leading Metaverse/Spatial Computing technology company”, Engage XR (EXR) states that it “is pleased to provide an update on trading for the six months ended 30 June 2023” and what of this and the shares currently more than 9% higher at 3.6p in response?- By Steve Moore |
- 1 August 2023, 15:18 |