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Royale Parks Administrators report - a damning indictment of ICG Longbow
When I first raised numerous red flags about ICG Longbow (LBOW) the major one was the carrying value of its exposure to Royale Parks Ltd. Natch it dismissed my report in a patronising RNS. Now Royale is in administration and what the Administrator has to say suggests that it was my red flags dossier rather than ICG's dire rebuttal that was bang on the money. Enjoy.- By Tom Winnifrith |
- 26 July 2023, 15:41 |
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Tom Winnifrith: Optibiotix 7p to 37p in a week ( now 33.5p) – is this insane? My new valuation and target price
7p was the wrong price for shares in Optibiotix (OPTI). Anyone who has watched last Thursday’s video interview I did with Steve O’Hara HERE will agree. But what about 37.6p where they are now valuing the company at £33 million? Is that crazy? I write as a shareholder for more than 10 years!- By Tom Winnifrith |
- 26 July 2023, 15:17 |
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Thoughts on updates from BATS, Rio Tinto and Reckitt
It is a busy world out there, but I will leave all the excitable happenings at NatWest (NWG) to the real experts out there, and talk about some more sensibly managed FTSE 100 corporate names. First up, is British American Tobacco (BATS), which announced its own CEO shift a month or two back. I reckon this was driven by the need to actually start bringing the business deeper into the 2020s, especially as progressively it will be moving away from the world of cigarettes. But even I, as a complete non-smoker, have to acknowledge that it will take a bit of time, as despite a 30% revenue increase year-on-year in 2023, non-combustible offerings are still only 16.6% of the company’s overall sales. However, just like hybrid and/or electric cars, the user market share is only going up.- By Chris Bailey |
- 26 July 2023, 14:32 |
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Actual Experience – argues that it’s proving its technology is a 'need to have' for IT and Operations leaders alike. Er, is it?!
Digital workplace analytics and services company Actual Experience (ACT) has issued a “Logicalis to seek first customer for DWMP product”announcement, following yesterday a “Second enterprise sale of new DWMP product” announcement. With the shares currently soaring to back above 1p, how significant is the latest news?- By Steve Moore |
- 26 July 2023, 14:15 |
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Centamin – Interim Results Show Continued Progress: BUY
Fully-listed Egyptian Gold producer Centamin (CEY) unveiled its half-year results to June this morning and there is much to be pleased about. Given its history, the first thing I looked for was any sign of weakened guidance, and once again I was pleased to find the rather boring in-line comments. So all is on track.- By Nigel Somerville |
- 26 July 2023, 13:37 |
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Revolution Bars – trading statement argues “our vision and strategy to delight our guests across all our brands is delivering”. Er, is it?!
Revolution Bars Group (RBG) commences a “Pre-Close Statement” announcement with that it “is pleased to update on the year ended 2 July 2023 which is anticipated to be in line with market expectations”. Good news then?- By Steve Moore |
- 26 July 2023, 11:25 |
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NatWest’s £5m a year Alison Rose “resigned” with immediate effect – will she get a payoff?
Her position was untenable after she admitted – as I suggested was the case here – that she was the person who leaked to the BBC details of Nigel Farage’s bank account at Coutts and a claim that he was not targeted because of his political views. Many banking experts and media types have such Farage derangement syndrome that they defended Alison Rose the CEO of NatWest (NWG) the owner of Coutts. I disagree with Farage on much but what Rose and Coutts did was wrong. I could see the wood for the trees.- By Tom Winnifrith |
- 26 July 2023, 10:47 |
Tom is Sceptical but I believe this Jolly Green Pioneer Could Still Reward the Braver Investor
Hello Share Swingers. Uncle Tom has had another go at me, this time for supporting another denizen of his blacklist. And yes, Ceres Power (CWR) has taken a double whammy this week. The last one was yesterday when a rather dismal trading update was released.
- By Malcolm Stacey |
- 26 July 2023, 08:14 |
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Cohort – positive full-year results and expects further progress, Buy
Technology for defence and related markets company Cohort (CHRT) has announced results for its year ended 30th April 2023, noting a record performance slightly above market expectations and that it continues to expect its current year will be ahead of this. Sounds like good news with the shares currently up to a 490p offer price.- By HotStockRockets |
- 25 July 2023, 16:09 |
Aferian – bailout placing to “provide adequate headroom over the group's banking covenants”. Er, still does it?
B2B video streaming technology company Aferian (AFRN) states that it is “pleased to announce the successful completion of the placing… raising gross proceeds of approximately US$4.0 million. The placing price of 12 pence per share represents a premium of approximately 20.0 per cent. to the closing middle market share price of 10 pence per share on 24 July 2023”. Good news then?- By Steve Moore |
- 25 July 2023, 15:59 |
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Tom Winnifrith Bearcast: NO! I did not say buy Optibiotix at 119p!
Optibiotix (OPTI) shares are now 32p and still cheap. How cheap? I will be doing a detailed piece with revised numbers within 48 hours. But first I respond to a bit of trolling. And I flag up who my next CEO guest is on the video show. Then I look at Trackwise (TWD), Wandisco (WAND) and Brighton Pier (PIER)- By Tom Winnifrith |
- 25 July 2023, 14:20 |
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Brighton Pier Group – “trading statement”. Hopefully my prior caution on the outlook was heeded!
Previously writing on Brighton Palace Pier and other UK leisure and entertainment group Brighton Pier (PIER), in February with the shares falling to 61p I concluded I remained cautious of the outlook and continued to avoid. The shares most recently closed at 57p… and what of them currently heading towards 40p on the back of a “trading statement”?
- By Steve Moore |
- 25 July 2023, 14:14 |
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Ceres power shares puking again on yet another lack of profits warning.. the scene at the Stacey residence
One can almost picture the scene at the house named after Saint Monbiot this morning as one shareholder started his day…- By Tom Winnifrith |
- 25 July 2023, 12:46 |
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Why both my pension fund and I are passing on an ice cream from Unilever
What is your favourite Unilever (ULVR) product? Whilst some of you may mention Hellmann’s, Colman’s, Percil, Dove or even Domestos, I guess the majority of people will say at least one of Magnum, Carte D’Or, Ben & Jerry’s or Cornetto. And collectively, for a fast-moving consumer goods (FMCG) business, it is always fantastic to have great brands. So, is it good or worrying news that this morning’s first half results from the company show less than 50% of its products are taking market share? And what does the new CEO think about all of this?- By Chris Bailey |
- 25 July 2023, 10:52 |
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FireAngel – “with the net proceeds of last month's fundraising, we are confident for the future”. I’m currently not so for the group…
Previously writing on safety products group FireAngel Safety Technology (FA.), last month with the shares falling below its 5.05p per share fundraising price I concluded bearishly – desperate results, management change and fundraising... and still uncertainty?!. Today a “Trading Update and Directorate Change” announcement and what of the shares currently materially further lower at 3.25p?
- By Steve Moore |
- 25 July 2023, 10:35 |
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Wandisco – shares relist and collapse by 96% and still a bargepole stock!
After a $30 million bailout fundraise at just 50p, shares in Wandisco (WAND), suspended at 1310p, have relisted, crashed and are now just 49p but I would not touch the stock with a bargepole and here is why.- By Tom Winnifrith, the Sheriff of AIM |
- 25 July 2023, 09:21 |
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BREAKING: Evil Banksta writes to the FCA regarding Cineworld’s listing and rule breaches
Evil Banksta is the sort of naïve chap who thinks that the FCA actually bothers implementing its own rules. If I had a bridge to sell I know who I’d be selling it to. He has again written to the FCA pointing out that the crack regulators are ignoring their own rules regarding Cineworld (CINE) in not suspending the shares at once for a failure to publish results. The credulous fellow writes in his own name:- By Tom Winnifrith |
- 25 July 2023, 08:33 |
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BREAKING: Police Operation Cassady update - Eden Pharma organises its shareholders to sue City of London Police
Operation Cassady is a wide ranging and massive City of London Police operation into huge boiler room frauds where mug punters invested tens of millions into worthless companies. I helped the Fuzz with this as you can see HERE. The boss of one company under investigation, Eden Pharma - a duff POS I exposed HERE - has now hit back in the letter below.- By Tom Winnifrith |
- 25 July 2023, 08:21 |
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Tom Winnifrith Bearcast: knocking down the snake barn here in Wales
Photos later but it's exciting. Then on losing a bet with Joshua, More Acquisitions (TMOR), Wandisco (WAND) fesses up after my article last week but in a spineless way, musicMagpie (MMAG), Optibiotix (OPTI), Canadian Overseas Petroleum (COPL) & Guild ESports (GILD)- By Tom Winnifrith |
- 24 July 2023, 16:01 |
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Kromek – full-year results reckon “looks to the future with confidence”. What about still the financing uncertainty?
Describing itself as “a leading developer of radiation and bio-detection technology solutions for the advanced imaging and CBRN detection segments”, Kromek (KMK) has announced results for its year ended 30th April 2023 including “cash and cash equivalents at 30 April 2023 were £1.1m… Post year end, the group successfully concluded a placing, subscription and open offer which raised £7.4m net of fundraising costs… looks to the future with confidence”. So what of a current share price response down a few percent to below 5p?- By Steve Moore |
- 24 July 2023, 15:07 |