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Deepverge – now all staff being fired, this really is terminal thanks to Gerry Brandon
The news gets worse and worse and the chances of shareholders every getting a cent back here must now officially be zero, I struggle to see how the directors at Deepverge (DVRG) are not trading while insolvent. Today comes news that all remaining staff at Deepverge will be fired with effect from July 31. Now work out what that means- By Tom Winnifrith, the Sheriff of AIM |
- 12 July 2023, 08:20 |
This Box Set Wizard is Worth a Gander as it Wraps Up a Bigger Profit
Hello Share Shifters. We’re all reliant on cardboard boxes. An outfit which makes and supplies them should always see strong demand. Such a firm is DS Smith (SMDS). It’s reaping the benefit from the public's shift away from plastic packaging. Remembering that cardboard boxes are widely recycled. My colleagues Tom, Steve and Chris have also recently liked the shares, Tom Winnifrith even buying some for his SIPP.- By Malcolm Stacey |
- 12 July 2023, 08:19 |
Mattioli Woods – full-year trading update, we are ahead on this tip but still a recovery Buy
UK wealth and asset management company Mattioli Woods (MTW) has issued a trading update including that inflationary pressures continue to impact wages and other costs but also “profit for the year in line with expectation… expect the current macroeconomic conditions and recent legislative changes to drive continued demand for advice”. So what does this suggest from a current 620p share price?- By Tom Winnifrith & Steve Moore |
- 11 July 2023, 16:23 |
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Sosandar – how ‘pleasing’ are its full-year results and how ‘strong’ is its start to its current year?
Women's fashion brand company Sosandar (SOS) states that it “is pleased to announce its financial results for the year ended 31 March 2023” and a “strong start to Q1 FY2024”. So what of a current 5% lower share price response back below 25p?- By Steve Moore |
- 11 July 2023, 16:05 |
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Tom Winnifrith Bearcast: Has Andrew Male got photos of Novum boss Hugh McAlister and a naked BBC presenter?
In today's bearcast I discuss Cloudbreak Discovery (CDL) and the relationship between crooked Andrew Male and Novum. Then Predator Oil & Gas (PRD), Cellular Goods (CBX) and some incriminating emails on twitter and finally IOG (IOG) and why Evil Banksta reckons the bond price tells you this is a wipeout.- By Tom Winnifrith |
- 11 July 2023, 14:47 |
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Mpac – argues first half ‘in line with expectations’, but just how significant does the second half weighting need to be now?
Previously writing on packaging and automation machinery provider Mpac Group (MPAC), in March with the shares down to 250p I questioned how “encouraging” really were the results and the outlook? The shares most recently closed at 212.5p, but are currently up to 230p on the back of a half-year trading update – so how encouraging is its latest?
- By Steve Moore |
- 11 July 2023, 14:15 |
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Bidstack – sack the board GM to go ahead but it looks doomed even though Bidstack admits rebels have a point
The real issue for Bidstack (BIDS) is that it is rapidly running out of cash and, with the shares at just 0.725p, giving a market cap of just £6.75 million it will be incredibly hard for the death spiral provider with whom it is talking to find enough liquidity to fund a material amount. So the company may well be brown bread by the Autumn anyway. As such, who steers it onto the rocks is irrelevant.- By Tom Winnifrith, the Sheriff of AIM |
- 11 July 2023, 12:52 |
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Tintra: the cheque is the post excuse as to why mystery Gulf Investor can’t or won’t pay $2 million
The cheque is in the post. No honest guv it really is! Today Tintra (TNT) issued the following RNS:- By Tom Winnifrith |
- 11 July 2023, 12:08 |
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British Land may still be excited about the world of property…but I am not
I have not been a fan of British Land (BLND) for ages, and am not surprised to see its shares down over 30% during the last year. As I noted a couple of months ago, the property company may bang on about “golden triangles” but I happily continue to own zero shares in the name (even if it has now fallen out of the FTSE 100). Does today’s AGM update say anything of interest?
- By Chris Bailey |
- 11 July 2023, 11:43 |
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Forterra – argues a “resilient H1” broadly in line with expectations. Er, what about the massive profit warning?
Previously writing on UK manufacturer of clay and concrete building products Forterra (FORT), a couple of years ago with the shares up to 288.5p I concluded that the valuation didn’t look to offer value, particularly for if the inflationary pressures persisted for some time – and that such a scenario was quite feasible given the wide pandemic response. Today a 2023 half-year trading update… and, with the shares currently slightly further down to below 160p, what now?
- By Steve Moore |
- 11 July 2023, 11:43 |
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Cloudbreak Discovery – the CEO is Andrew Male: you cannot be serious?
Today Cloudbreak Discover (CDL) announced a new keep the lights on death spiral. In looking at this I saw that the (interim, following a sudden resignation last month) CEO is Andrew Male. That name rings a bell? Andrew Male, what the f**k is financial adviser Novum thinking? As John McEnroe used to scream “you cannot be serious?”- By Tom Winnifrith |
- 11 July 2023, 09:03 |
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BREAKING: Link wants Woodford Equity Income victims to help it pay back buttons: are you a suitable patsy?
Disgraced ACD and enabler of the Neil Woodford scandal Link has written to victims asking for their help. Are you a patsy?- By Tom Winnifrith |
- 11 July 2023, 08:25 |
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Tom Winnifrith Bearcast - Totally unimpressed & also trying a new ice cream recipe
I am not sure about the home made honey ice cream, I shall report back tomorrow. Meanwhile I discuss Mirriad (MIRI), Canadian Overseas Petroleum (COPL), valuing oil E&P plays, Zephyr Energy (ZPHR), today's ouzo moment with Scotgold (SGZ), target price 0p and a full investigation by AIM regulation and the FCA, and Totally (TLY)- By Tom Winnifrith |
- 10 July 2023, 15:13 |
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Quartix Technologies – trading update, “pleased to report” any more justified this time?
Previously writing on vehicle tracking and analytics technologies company Quartix (QTX), last year with the shares at 385p I concluded that, with a £186 million market cap, its 2021 results weren’t pleasing. The shares most recently closed at 225p, and what of them currently up to 235p on the back of a “Interim Results Timetable and Trading Update” announcement?
- By Steve Moore |
- 10 July 2023, 14:48 |
The Odey Shares – a handy table c/o Shares Magazine
As the empire created by the alleged sex pest Crispin Odey collapses many of his former funds find themselves forced sellers of arrange of stocks which as we saw with Shanta Gold (SHG) can whack the share price of individual shares. Shares Magazine has a helpful table of those companies most exposed as at July 3. The percentage is the amount of the equity held in funds managed, in the good old days, by the sex pest empire.- By Tom Winnifrith |
- 10 July 2023, 13:41 |
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Contango announces a new off take agreement, but it is for far more than it has proven it can produce - avoid (pro tem)
A few weeks back I covered Contango Holdings (CGO) and the rumours that there were issues with its offtake agreement, which raised questions as to whether or not that would go ahead.- By Gary Newman |
- 10 July 2023, 13:37 |
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Totally plc – full-year results, is “in a strong position to continue to grow significantly over the coming years” ‘totally’ misleading?
Describing itself as “a leading provider of frontline healthcare services which increases access to quality healthcare across the UK and in Ireland by targeting the reduction of waiting lists and waiting times for patients, alongside corporate fitness and wellbeing services for corporate customers”, Totally plc (TLY) today states that it “is pleased to announce its preliminary results for the 12-month period ended 31 March 2023” and the shares have currently responded towards 13p – er, down over 20%!- By Steve Moore |
- 10 July 2023, 11:39 |
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Canadian Overseas – another day more confetti issued – the death spiral provider is panicking
Here we go again. This time 2.447,980 shares have been issued at 6.38p following the conversion of just $200,000 of death spiral bonds. Meanwhile to settle $400,000 of interest liabilities and other sums due to the death spiral providers another 15.090421 million shares have been issued – that would be under the VWAP formula at 2.07p. So that gives a blended issue price of 2.63p.- By Tom Winnifrith |
- 10 July 2023, 11:33 |
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Is AI a bubble – watch the chancers jump onboard the bandwagon: Streak Gaming
I am sure that Artificial Intelligence will change the world. It is a fascinating area as I have discussed in five episodes of TechCast. But that does not mean that AI might not create a stockmarket bubble. For into every boom the chancers are attracted.- By Tom Winnifrith |
- 10 July 2023, 10:43 |
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Promised You a Miracle. Only Simple Minds believed that: Fat Lady looking at gig with Scotgold
Oh dear, oh dear. Despite having raised £5 million so far this year, Scotgold (SGZ) today says it had just £620,000 cash as at June 30th and owes $500,000 with a fifth of that due as the first repayment due this week. This makes the #BBCScandal that the national broadcaster and protector of paedophiles told its viewers in late January that Scotgold had discovered new gold (when it hadn’t) to allow a pump and placing dump even more of a scandal. Today’s news is bleak.- By Tom Winnifrith |
- 10 July 2023, 09:17 |