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Tom Winnifrith Bearcast: Mr Market's mood swings, Caracal nonsense and I just can't get excited about Fevertree
I discuss Mr Market and Optibiotix (OPTI), why you need zero exposure to hospitality stocks, Caracal Gold (GCAT), and Fevertree (FEVR).- By Tom Winnifrith |
- 26 March 2024, 15:34 |
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OptiBiotix Health – discounted EIS placing, target price cut but still 85p
OptiBiotix Health (OPTI) has announced a £1.35 million placing with CEO Steve O’Hara arguing “given the scale of the opportunities, the board has decided to raise additional capital to capitalise on these growth opportunities and build shareholder value”. It hasn’t got off to a very good start – the news sending the shares more than 11.5% down to 21p. But this is an EIS raise, the last OptiBiotix will be able to do, so suggestions of flipping are just wrong.- By Tom Winnifrith & Steve Moore |
- 26 March 2024, 15:27 |
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Skinbiotherapeutics – no I cannot explain the shares spike but, caveat emptor, CLG effectively has the cuffs off
Why on earth are shares in Skinbiotherapeutics (SBTX) up by 32% at 11.25p today I am asked. Do not get me wrong, I am not complaining. My breakeven on this one is c16p and I’d be over the moon if all comes good and I can start deciding which goats to buy as I explained HERE. But….- By Tom Winnifrith |
- 26 March 2024, 12:27 |
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Ben’s Creek: Further debt drawdown, credit card now maxxed out, when will the shares be suspended?
On February 9 Ben’s Creek (BEN), already drowning in c$40 million of debt and liabilities, announced that it needed an emergency loan of $5 million from its 29.9% shareholder Avani just to keep the lights on. Five quickly became ten and today it was announced that the final $1.25 million of that enlarged facility had been drawn down. Ben’s now has c$50 million of debt and liabilities and still seems to be burning cash. But the Avani credit card is now maxxed out.- By Tom Winnifrith |
- 26 March 2024, 12:09 |
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Revolution Bars v NightCap a quick comparison
Revolution Bars (RBG) looks to be pretty screwed, as I noted earlier. But Sarah Willingham’s Nightcap (NGHT) is also a great bet to gig with the Fat Lady though it is still in denial. But the comparative valuation metrics here will be touted by some.- By Tom Winnifrith |
- 26 March 2024, 11:11 |
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Celadon: this CULS malarky smells all wrong, a £53m short!
I have been a bear of Celadon Pharmaceuticals (CEL) since last March when the shares were c 150p. My scepticism caused much consternation for its PR bird Sarah McLeod who called to complain bitterly that I had ruined some feminazi lunch she’d been attending with what she termed my “daily hit job.” Or put another way, an article she had not actually read. The shares are now 85p but something still does not stack up. I do hope there is no FemiNazi lunch planned for today…- By Tom Winnifrith |
- 26 March 2024, 11:07 |
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Zoo Digital – now expects to beat full-year market guidance, but how much of an achievement is that?…
Previously writing on group describing itself as “a leading provider of end-to-end cloud-based localisation and media services to the global entertainment industry” Zoo Digital (ZOO), in July with the shares falling below 75p I concluded that slashed forecasts and the outlook uncertainty still weren’t fully reflected in the valuation and to certainly continue to avoid. The shares most recently closed at 22p, but what of them currently bouncing to above 28p on the back of a latest “Trading Update”?
- By Steve Moore |
- 26 March 2024, 10:48 |
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Revolution Bars, from bad to worse: surely Luke Johnson is not daft enough to keep this afloat?
On the occasion of its most recent profits warning on January 24, Steve Moore rightly flagged up that the real issue was the balance sheet. Today the chickens have come home to roost at Revolution Bars (RBG)- By Tom Winnifrith |
- 26 March 2024, 09:05 |
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Virgin Wines UK – interims, states “confidence in ability to meet FY24 profit expectations”… but doesn’t bother to indicate what those are…
Online wine retailer Virgin Wines UK (VINO) has announced results for its half-year ended 29th December 2023 headlined “Introduction of strategic initiatives and robust customer base underpins triple digit bottom line growth”. The shares have currently responded up to 41.5p, but is there value including with they still down from above 50p as recently as September?- By Steve Moore |
- 25 March 2024, 16:05 |
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Tom Winnifrith Bearcast: a case study in red flag spotting from Big Dave
In today's podcast I look at Optibiotics (OPTI), PennPetro (PPP), Predator Oil & Gas (PRD), Technology Minerals (TM1), Sareum (SAR) and N4 Pharma (N4P)- By Tom Winnifrith |
- 25 March 2024, 15:46 |
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Does Superdry have to publish an RNS or should the FCA being arresting someone at ADVFN
Evil Banksta points out to me that the share price of Superdry (SDRY) is a tad frothy today, up 13% at 27.4p. Over on the ADVFN asylum someone claiming to be an employee has “news”- By Tom Winnifrith |
- 25 March 2024, 14:55 |
Letter to AIM Regulation: musicMagpie (again)
As I explained in bearcast yesterday, HERE, I think that musicMagpie (MMAG) is a zero. One think keeping the shares up, at 7.15p rather than closer to zero, is the misguided belief in some quarters that the company is going to get a takeover. I have written to the Oxymorons at AIM Regulation as you can see below.- By Tom Winnifrith |
- 25 March 2024, 14:45 |
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Tandem – 2023 results, a “promising start” to 2024…that it dare not detail!
Shares in “sports, leisure and mobility equipment” group Tandem (TND) had remained well down from a start-of-2022 575p but had risen from below 150p to above 200p in 2024, so what of they currently back down to 200p on the back of the group’s 2023 results announcement?- By Steve Moore |
- 25 March 2024, 13:20 |
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BREAKING: Ben’s Creek is a life raft being readied by MBU ahead of administration? Tell us about Freeland...
As my old pal Doc Holliday says “rinse and repeat, rinse and repeat” MBU run by Iqbal Mohammed and Adam Wilson bought the worthless assets of Ben’s Creek (BEN) for buttons from a bank that had foreclosed on the prior owner. MBU packaged them up, floated it, pumped the stock, dumped its shares at bonkers prices ad vended in more pointless assets leaving the cash burning company drowning in debt and unpaid bills. The word on the street is that with contractors unpaid, a highwall miner being taken off site, activity on the ground has almost ceased. There should be an RNS…- By Tom Winnifrith |
- 25 March 2024, 13:09 |
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Pennpetro: the news is so bad even Big Dave Lenigas cannot tweet polish this turd
What has happened to my old pal David Lenigas? Normally he is on twitter ramping away happily any stock where he or his bromance pal Richard Poulden are in charge or have an interest. But this morning as Pennpetro (PPP) where the chairman is a Mr. David Lenigas, has served up a trading statement, Big Dave has gone all twitter trappist.- By Tom Winnifrith |
- 25 March 2024, 11:31 |
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Aeorema Communications – interims emphasise “a resilient blue-chip client base”, but why a profit warning the company dare not detail then?
“Strategic communications group” Aeorema Communications (AEO) was in the portfolio on the HotStockRockets website until a small profit was banked at 72p in November last year as results then included that “many brands are delaying projects and pushing them into the first half of calendar year 2024”. The shares most recently closed at 75p, but what of them currently down below 60p on the back of a “Interim Results and FY Projections”-titled announcement?- By Steve Moore |
- 25 March 2024, 10:48 |
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Tom Winnifrith Bonus Bearcast: Can I trust Steve O'Hara any more or recommend Optibiotix shares?
Today's placing is a bit of a kick in the gonads. I discuss it and hope that O'Hara takes what is said on board.- By Tom Winnifrith |
- 25 March 2024, 10:40 |
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GCM Resources new Chairman is a kiss of death, run to the hills, run for your life
GCM Resources (GCM) has announced that it has a new NED and Chairman, a Mr. Paul Shackleton. Does that name ring a bell? It should and appointing this man makes GCM’s shares utterly uninvestable. Listen to the wise words of Iron Maiden.- By Tom Winnifrith |
- 25 March 2024, 10:40 |
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Tern – As It Circles The Plughole, An Investor Presentation: When’s The Next Discounted Bailout Placing?
As shares in AIM-listed jam-tomorrow (or never, more likely) investment company Tern plc (TERN) dive to yet more new lows – now just 1.7p – I see it has announced an online investor presentation. Hmm……I wonder why!- By Nigel Somerville |
- 24 March 2024, 17:22 |
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Tom Winnifrith Bearcast: a sick man, Union Jack Oil, N4 Pharma and musicMagpie, 2 of 3 of which are zeros
Today's podcast brought to you from my sick bed not, as had been hoped, the vegetable patch, I look at musicMagpie (MMAG), N4 Pharma (N4P) and Union Jack Oil (UJO),prompted by a charming moron using the C word- By Tom Winnifrith |
- 24 March 2024, 17:16 |