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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 |
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Filtronic – full-year results and how ‘encouraging’ is the outlook?
Shares in “designer and manufacturer of products and sub-systems for the aerospace & defence, telecommunications infrastructure and space markets” Filtronic (FTC) have in recent months risen from 11p to above 17p. Now what of them back towards 15p on a results announcement for the company’s year ended 31st May 2023?- By Steve Moore |
- 1 August 2023, 12:38 |
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BREAKING: Email Exchange with Steve O’Hara about that share sale yesterday & new price target for Optibiotix
I discussed Optibiotix (OPTI) selling 3% of Skinbiotherapeutics (SBTX) in bearcast yesterday HERE. As a result of the disposal I have cut my target for Optibiotix from 82p to 78p but the cash position is enhanced so it is de-risked. But I am pissed off, not least with the way broker Cenkos behaved. I think Cenkos should be fired. Here is how the conversation between Cenkos and O’Hara went ( I imagine):- By Tom Winnifrith |
- 1 August 2023, 12:09 |
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In 1984 Speak MGC Pharma announces “a share purchase plan” - it’s a share sales plan of course
Welcome to newspeak. Well done evil spinners IFC Advisory (of Versarien infamy). War is peace. we have always been at war with Eastasia. MGC announces a share purchase plan. The Ministry of Truth is doing wonderful work. For MGC Pharmaceuticals (MXC) share purchase plan is in fact an offer to sell new shares to the mugs already on the shareholder roll. And the excuse?- By Tom Winnifrith |
- 1 August 2023, 10:27 |
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BREAKING: David Lenigas screws his shareholders AGAIN – Pennpetro suspended
David Lenigas has ramped the insolvent standard list company where he has seized control, PennPetro (PPP) on twitter with gay abandon as we have detailed here on a number of occasions. I hope those who ignored our numerous warnings of its technical insolvency, shit assets and Lenigas ramping lubed up, for today the shares have been suspended.- By Tom Winnifrith |
- 1 August 2023, 09:40 |
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Minoan – Interims (Yawn…) And A Pleasant Surprise (Hooray!)
AIM-listed resort owner in Crete Minoan (MIN) announced its half year results to April yesterday which were another yawn: more jam tomorrow, another loss and so on. This morning came the issue of yet more shares (another yawn) but also a pleasant surprise in the form of an initial agreement with a major international luxury hotel group in relation to one or more of the hotels planned at Cavo Sidero. Is this, at long last, the beginning of Minoan finally starting to realise some value for its (very) long-suffering shareholders?- By Nigel Somerville |
- 1 August 2023, 08:51 |
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AIQ – Sub-Standard Interims As Fat-Lady Ready To Enter Stage Left for another Andrew Monk disaster
Sub-Standard Listed AIQ (AIQ) with its dodgy history released its interim results to April revealing that the Fat Lady has finished her warm-up and is ready to enter stage left. There is an old saying that when good management combines with a bad company, it is the reputation of the company which prevails…..- By Nigel Somerville |
- 1 August 2023, 08:50 |
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Pod Point – interims, “transformation plan to address performance issues”? Good luck!
Previously writing on electric vehicle charging group Pod Point (PODP) with the shares sliding from above 45p I noted it will be interesting to see how the half-year performance compares with its latest full-year guidance. So what of today-announced half year results?
- By Steve Moore |
- 31 July 2023, 16:23 |
Go woke go broke - #BoycottCostaCoffee as another woke corporate glorifies trans mutilation
Maybe there are some folks out there who think young women having their boobs chopped off as part of the trans process is okay. Some will think it insanity. But, I suspect, very few customers of Costa Express will think it is something to be celebrated and have rammed down their throats. But some over-promoted liberal arts graduate in marketing thought it would be a wonderful idea. You wonder why #BoycottCostaCoffee is trending on twitter? The owner of Costa, incidentally, is Coca Cola, not that I will be boycotting coke zero. However...premium content
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!
Previously writing on ‘novel’ affinity binders development group Aptamer (APTA) last week, I concluded ‘the shares have currently responded… to 4.5p, a £3.1 million market cap and still 20% higher on the day. However, with the noted financial desperation and cash burn, I suggest the group is not in a strong negotiating position and is in a very challenged financing market. As such, still currently avoid/sell’. Today it states that it “is pleased to announce that it has conditionally raised £3.6 million (before expenses), including approximately £0.3 million from existing directors, proposed directors and PDMRs, by way of a placing and subscription… for working capital purposes”. Good news then? Er…
- By Steve Moore |
- 31 July 2023, 15:18 |