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Caracal Gold – letter to the FCA: please sir chuck out the prospectus
Last week Caracal Gold (GCAT) gave an update for investors where, natch, it did not give us key metrics such as the (lack of ) cash position. It did, however update, us on the position re getting FCA approval for a prospectus which would allow it to issue gazillions more shares so diluting mug punters to buggery. “The company submitted the first draft of the prospectus to the FCA for approval on 18 April 2023. The company is working with its advisers to seek approval of the prospectus by the FCA and will update the market in due course.”- By Tom Winnifrith |
- 7 August 2023, 10:48 |
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Even if job search is going up globally, so is employment sector change for PageGroup
I see that PageGroup (PAGE) shares are actually up just over 6% over the last year. That is actually quite impressive for an employment company, given that its half year numbers out this morning are showing even a 2% year-on-year gross profit decline (even before you get to the near halving of the equivalent operating profit number). And, whilst the special dividend was nearly halved, I do also note that the interim dividend is up a touch. Why does the employment company have a little bit of confidence given the employment change and creation backdrop is hardly currently straightforward?- By Chris Bailey |
- 7 August 2023, 10:16 |
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Vast Resources should be doing a show at the Edinburgh Festival
The last comedy set I saw at the Festival was almost 30 years ago: the rapping rabbi. It was so offensive that the small audience was rapidly depleted by walkouts and pretty soon I was about the only person still there. I think of this as my daughter Olaf performs in a play which even she admits is woke nonsense.- By Tom Winnifrith |
- 7 August 2023, 09:49 |
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Turning £1.1 million to 1 Euro in 17 months: the magic of Gerry the arse Brandon
The wind-down of the POS that is Deepverge (DVRG) continues with its 1 remaining employee clearly working hard. Today we discover that Glanaco, bought for £1.1 million in March 2022 under the stewardship of disgraced Gerry Brandon, has been sold back to its original management team for just 1 Euro. Actually, it was worse than that.- By Tom Winnifrith, the Sheriff of AIM |
- 7 August 2023, 08:58 |
Big Box Business Beats Britain's Blight to Bag Better Profits
Hello Share Finders. It's sadly rare to find a company reporting increased profits in these difficult days. But one of my regular favourites, Tritax Big Box (BBOX) has done it. This very modern version of a warehouse king has announced that underlying operating profit for the half year has improved by 7.5%.- By Malcolm Stacey |
- 7 August 2023, 08:15 |
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The greed of Roland Fatty Cornish – annual accounts out from London's worst Nomad
London’s worst Nomad, Beaumont Cornish acts for dreadful small cap stocks that nobody would miss if they went bust. The frauds it has given a clean pass to are manifest, Johnny Hon’s Global Group to New World Oil & Gas, Daniel Stewart the list goes on and on. Its report for calendar 2022 is out and the word that screams out at you is GREED. This is more shocking than the penury of Turner Pope exposed here.- By Tom Winnifrith |
- 6 August 2023, 18:15 |
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Tom Winnifrith Bearcast: Optibiotix vs Versarien, with small caps flying which will double first?
In today's podcast I look at interest rates, unemployment, a prescient Bearcast on Wilko last November, and flying small caps, what next and what should you do?- By Tom Winnifrith |
- 6 August 2023, 17:57 |
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Sunday Long Reads: Insect Joy, Broken Lebanon, Quantum Computing, Fake Dinosaurs, Perfect Food Show
Sunday is a good time to sit back, read, and forget about shares. Put the kettle on, find a comfy chair. You have the time, don't you?
- By Darren Atwater |
- 6 August 2023, 11:04 |
Visual Aid: Global Debt Projections by 2027
Fifty years ago, the government finance heads from the UK, West Germany, France, and the U.S. met informally in the White House’s ground-floor library to discuss the international monetary situation at the time. This is the origin story of the G7.
- By Darren Atwater |
- 6 August 2023, 11:00 |
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The ShareProphets Sunday Pub Quiz #200
If you can believe it, it’s the 200 edition of the ShareProphets Sunday Quiz. But we don’t take on airs over the anniversary: There are no still prizes! And remember, no Googling!
- By Darren Atwater |
- 6 August 2023, 10:59 |
The love that dare not speak its name on the LSE Asylum
The word that springs to mind is pathetic- By Tom Winnifrith |
- 6 August 2023, 10:57 |
Notes from Underground – Most read articles for the week ending 5 August
The most read non-Quiz, non-Tom article last week is by Steve Moore, Aptamer: “pleased to announce” proposed fundraise and board changes – a big 'up your’s' to investors from the not-long-ago 117p per share IPO!, at No 2 or No 5 including Bearcasts.
- By Darren Atwater |
- 6 August 2023, 10:54 |
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Tom Winnifrith Bearcast: Kefi shareholders drive me to an early grave
I discuss GroupThink on Bulletin Boards as the word Shareprophets is banned on the LSE Asylum, the AIM awards and the corruption of the sewer and Kefi Gold & Copper (KEFI). Also an update on the Skinbiotherapeutics (SBTX) video.- By Tom Winnifrith |
- 5 August 2023, 17:56 |
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AIM Awards 2023 Nominations close – words fail me!
At midnight last night the nominations process for the Annual AIM awards closed. Seriously you could not make this up..- By Tom Winnifrith |
- 5 August 2023, 15:58 |
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Iconic Labs – more small cap madness from the most worthless company listed in London
Since I wrote about Iconic (ICON) on 1 April 2023 discussing its interim results for the six months ended 31 December 2022 “Iconic Labs – an insolvent shell company needing to get an FCA approved Prospectus published and to issue bucket loads more confetti to survive” not much has changed. In fact….- By Tom Winnifrith |
- 5 August 2023, 15:18 |
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The latest issues at Montara were a nasty surprise for Jadestone shareholders, but I will continue to hold my shares until more details are known
Just as it looked like Jadestone Energy (JSE) had everything back on track after the previous issues at it Montara oil field, investors, including myself, got a nasty shock at the beginning of last week when the company encountered another problem which caused production to be halted.- By Gary Newman |
- 5 August 2023, 12:04 |
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Vesuvius – interims, still earnings and income value on this winning share tip
Molten metal flow engineering and technology company Vesuvius (VSVS) has announced its results for the first half of 2023 and says that it feels confident to modestly increase full year expectations. Good news.- By Tom Winnifrith & Steve Moore |
- 5 August 2023, 09:50 |
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The View From The Montana Log-Cabin As Gold Slips A little
Gold finished the week at $1943 – down from last week’s $1960 but it continues to hold up quite well as interest rates continue to rise. The question remains how much further there is to go until rates peak and start to decline.- By Nigel Somerville |
- 5 August 2023, 09:48 |
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Sylvania Platinum – Q4 report, value and income Buy
Platinum group metals producer from South Africa Sylvania Platinum (SLP) has issued its fourth quarterly report for its year ended 30th June 2023, noting its production exceeded forecasts and “strong cash reserves to allow funding of expansion and process optimisation capital and upgrading of the group's exploration and evaluation assets with the potential to return value to shareholders”. So what of the shares currently around 70p in response?- By Tom Winnifrith & Steve Moore |
- 5 August 2023, 09:47 |
What to Do While Inflation Muzzles the Footsie.
Hello Share Chompers. Once again, a promising Footsie rally goes into reverse. This time it was because of the threat and then realisation of another hike in interest rates. Happily, the direction is north again. So how should we play it now?- By Malcolm Stacey |
- 5 August 2023, 09:27 |