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Tern – AGM Disaster Leaves Tern Moribund As It Sticks Up Two Fingers
AIM-listed jam-tomorrow investment company Tern plc (TERN) announced the result of its AGM yesterday: CEO Al Sisto was given the boot and the company can’t issue shares. So the company announced that Mr Sisto remains an employee as it stuck two fingers up at its own shareholders.- By Nigel Somerville |
- 30 June 2023, 08:13 |
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AMTE Power – shares jump on ‘battery challenge’ and UN Certification announcements. Good news then? Er…
There are “UN Certification of Ultra High Power Cells” and “Faraday Battery Challenge” titled announcements from AMTE Power (AMTE) today and the shares are currently more than 33% higher in response to 6p. Good news then?- By Steve Moore |
- 29 June 2023, 15:10 |
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Tom Winnifrith Bearcast: Nigel Farage vs the Banksters
I have many criticisms of Nigel Farage but it seems that he is being persecuted by the banksters. Before you laugh, it could happen to you too. This is not good. I then look at Canadian Overseas Petroleum (COPL) where Gary points out a minor error I have made, Eden Research (EDEN), Echo Energy (ECHO), Premier African (PREM) and Tinybuild (TBLD). I forgot to ask in this podcast how Zeus Capital can be advising both Boohoo.com (BOO) and also Revolution Beauty (REVB) as they engage in such vicious verbals?- By Tom Winnifrith |
- 29 June 2023, 14:33 |
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Verditek utterly piss poor results (again) and a hidden & dishonest material uncertainty warning: it could go bust before August
You have to look long and hard to find the “material uncertainty” warning and most of the morons suckered into this stock by disgraced share Tipster Mike Walters of 3DM, Polly Peck, Minmet, etc, etc infamy and by the lies and bogus contracts announced by the company are too damn stupid to look. If the do the warning is utterly misleading. Verditek (VDTK) faces another imminent cash crisis and could go bust before the start of August.- By Tom Winnifrith |
- 29 June 2023, 12:18 |
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Cash and “Danny” De La Rue…
When I was somewhat younger, the world of “Danny” De La Rue (DLAR) was quite exciting. As you may (or may not) know, the original business run by Mr de la Rue in 1831 secured a Royal Warrant to produce playing cards…and you can guess how it rolled from there, via postage stamps and then banknotes. I am pretty sure that the company used to be in the FTSE 100 many years ago, but I have written a few times over the years about the challenges it has faced. As the c. 92% fall in the share price over the last five years shows, it correctly has been an aggressive avoid for a while now. Are today’s FY23 numbers showing anything different?- By Chris Bailey |
- 29 June 2023, 12:03 |
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tinyBuild – from AIM Awards 2021 “Best Newcomer” nominee to now a cash-burning trading update disaster (natch!)
TinyBuild (TBLD) has issued a trading and directorate change announcement ahead of its AGM. What’s the news from a company which describes itself as “a premium video games publisher and developer with global operations” and was an AIM Awards 2021 “Best Newcomer” nominee?
- By Steve Moore |
- 29 June 2023, 11:53 |
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Did the Premier African share price crash have a knock on impact on Canadian Overseas? Is there more to come and will Premier trading be suspended?
Overuse of leverage can cause investors a lot of problems when they get things badly wrong, but an often unforeseen consequence of that is the knock-on effect that it can have on other shares as well.- By Gary Newman |
- 29 June 2023, 11:44 |
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Ouzo Man says Moonpig numbers all smoke & mirrors, they are certainly piss poor
Ouzo man is short so talking his own book. His point is on how Moonpig (MOON) seeks to draw attention away from what appears to be an alarming increase in net debt. He tweets:- By Tom Winnifrith |
- 29 June 2023, 11:07 |
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Dishonest Pantheon Resources: Nobody likes us but shareholders should care – STILL a stonking SHORT
Peter Brailey and myself have been long term bears of Pantheon Resources (PANR), with Peter making a short thesis at 121p the centre of his ShareStock presentation in 2022. Who will he expose this year? The shares are now 12.5p after a presentation yesterday which revealed the dishonesty at the heart of this worthless POS. Even at this level the market cap is £120million and it is s stonking short.- By Tom Winnifrith |
- 29 June 2023, 09:35 |
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Volex – full-year results, acquisition and equity raise, Buy
Power and data transmission products company Volex (VLX) has announced results for its year ended 2nd April 2023 and an acquisition and related fundraising. So what of a 283p share price?- By HotStockRockets |
- 29 June 2023, 09:15 |
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Severfield – positive full-year results, still a growth and value Buy
Structural steel company Severfield (SFR) has announced its results for a year ended 25th March 2023 that it describes as “very successful” and that, given its performance to-date and the strength of its order books, it is confident of delivering further progress.- By Tom Winnifrith & Steve Moore |
- 29 June 2023, 09:05 |
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Revolution Beauty – a “multi-channel mass beauty innovator”?, currently more like a shareholder democracy manipulator...
Describing itself as a “multi-channel mass beauty innovator”, Revolution Beauty Group (REVB) has announced its shares restoration to trading on AIM following its AGM – with Chair Derek Zissman stating that “the board is delighted that trading in the company's shares will resume this morning. We believe that the restoration of liquidity is in the best interests of all of our shareholders”. Who is the move particularly in the interests of though, Derek?- By Steve Moore |
- 28 June 2023, 16:17 |
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Stagnant market sees property stock levels surge by 15% - what does that mean for house prices? Whaddya think...
I know that I slam journalists who just cut and paste press releases but this one is so interesting I do just that. It comes from property purchasing specialist, the House Buyer Bureau. And it reads:- By Tom Winnifrith |
- 28 June 2023, 15:48 |
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Tom Winnifrith Bearcast: Optibiotix is a BUY & Thames Water makes me sound like a Guardian reading commie
I start with the scandal and it is a scandal at Thames Water even if the greedy trougher of an ex CEO was a bird. Sure diversity blah, blah, blah. Then it is onto a reader request on Gemfields (GEM), Predator Oil & Gas (PRD), Seed Innovations (SEED) - its own worst enemy - and finally Optibiotix (OPTI) and Skinbiotherapeutics (SBTX). At least listen to what I have to say before abusing me!- By Tom Winnifrith |
- 28 June 2023, 15:38 |
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Bluejay Mining – bailout placing at 1.75p but what about that 44p target and imminent the offtake deals?
Anyone who thinks that Rod McIllree is fit to run a public lavatory let alone a public company should look at the busted flush that is BlueJay Mining (JAY). Okay Rod scuttled away a while back but like a bad fart which lingers, the legacy of an incompetent promoter also lingers. For once, Doc Holliday is right, McIllree needs purging from the PLC scene. Today Bluejay has announced a bailout £1.3 million placing at 1.75p.- By Tom Winnifrith |
- 28 June 2023, 14:42 |
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AMTE Power – ‘a leading battery cells developer and manufacturer’. Er, what about the cash crunch now very much AHOY!
Previously writing on company describing itself as “a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets” AMTE Power (AMTE), a couple of weeks ago I noted it’s good luck in the current financing environment, and hopefully my prior warnings were heeded as the shares, unsurprisingly, slump to 15p. Now a “Financing and corporate update” announcement… and the shares currently down to below 5p!
- By Steve Moore |
- 28 June 2023, 13:40 |
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Aferian – “trading statement”. Er, what about the ‘intention to seek alternative funding’ by the end of July?!
Previously writing on “B2B video streaming solutions company” Aferian (AFRN) last month with the shares just above 17p I wrote “additional cash funding… gives us adequate headroom over our covenants”. Er, is there and does it?!, concluding in the continued challenging wider macro-economic situation currently still avoid/sell. Now a “Trading Statement”, and the shares currently down to 11.5p…
- By Steve Moore |
- 28 June 2023, 11:05 |
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Another ouzo for the Sheriff as Procook swings into loss and warns yet again
I explicitly told you to duck this IPO in November 2021 when founder shareholders dumped 27.4 million shares at 145p and Procook (PROC) raised nothing for itself. Time and time again I have been vindicated and though CEO Daniel O’Neill periodically spoofs the mugs with token share purchases, a fraction of his IPO “winnings”, the shares have continued to slide. Today after piss poor finals and a profits warning they are just 25p. And that is generous.- By Tom Winnifrith |
- 28 June 2023, 10:28 |
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I don’t know if I am a geek, woke, or both…but after yesterday’s Capital Markets Day presentation I like Johnson Matthey shares even more
The last week of the first half of a year always has a few excitements, but for larger cap corporate names it is pretty popular for Capital Markets Days. If it gets a bit quiet later this week, then I might write up a few further thoughts on Imperial Brands (IMB), but initially I wanted to talk about Johnson Matthey (JMAT) and its CMD yesterday.- By Chris Bailey |
- 28 June 2023, 10:23 |
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David Lenigas knows where to send the Metaxa – UK Oil & Gas forced into death spiral, I was right and he was wrong!
You may remember an aggressive debate in April between a fat Aussie penny share promoter ( D. Lenigas Esq) and someone who trained as an oil equities analyst (me) as to the financial health of UK Oil & Gas (UKOG) of Horse Hill infamy. I insisted it needed a raise, Big Dave said that I did not know what I was talking about. Well guess what, guess who was right and who was wrong and should be sending a case of Metaxa to the Sheriff?- By Tom Winnifrith, the Sheriff of AIM |
- 28 June 2023, 08:47 |