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What an awful day at the office for Invesco, specialist investors in tech
We are always told by some folks that you should follow the professional fund managers as they know what they are doing and we private investors are just mugs, Today there have been two enormous blow ups in the tech space both of which we have warned about repeatedly. IQE (IQE) and Wandisco (WAND). Both have a big institutional backing as you can see below.- By Tom Winnifrith |
- 9 March 2023, 13:59 |
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IQE – another shocking warning, more ouzo justified in North Wales, but its cabbage water time in South Wales
For years supporters of IQE (IQE) such as thirsty Paul Scott and our own Malcolm Stacey argued that it was a tech play and this justified fancy doo-dah valuations. I argued that it was simply a manufacturer operating in a cyclical commodity space and a not very good one at that. Today comes another dire lack of profits warning which will be enough to turn the bulls to drink and is a good reason for this sober bear to enjoy a small ouzo tonight.- By Tom Winnifrith, the Sheriff of AIM |
- 9 March 2023, 13:47 |
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A volatile Thursday…and a chat again about DS Smith shares
Thursday is usually my busiest day of the week, but for both this week and next week it is most certainly going to be a Wednesday. I see the rumours and counter-rumours about next Wednesday’s UK budget and US Federal Reserve chat continue, hence the volatility in equity and bond markets today. We have all seen worse though, and clearly it remains an active investment world where it remains an advantage to have seen more than the “everything is awesome” backdrop of the 2010s. Anyhow, onto the third quarter corporate update from DS Smith (SMDS) today.- By Chris Bailey |
- 9 March 2023, 12:34 |
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EnSilica – equity raise due to “additional sector and contract momentum”?
Describing itself as “a leading mixed signal chip maker”, EnSilica (ENSI) is “delighted to have received support for our fundraise from both new and existing shareholders”. What though of the market being far from as delighted, with the shares currently down by approaching 7% from a prior 74p close?- By Steve Moore |
- 9 March 2023, 11:43 |
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Wandisco – a $1 billion fraud blows up on AIM
If I had a quid for every time I warned that shares in Wandisco (WAND) were at a bonkers valuation based on reported revenues, I’d be able to buy a season ticket at Wrexham. But today we discovered that most pf those reported revenues were made up and that the size of the emerging fraud was big enough to bankrupt a company which, at £13.10, was capitalised at £863 million. Now the shares have been suspended as investors face calamity in AIM’s biggest scandal for years.- By Tom Winnifrith, the Sheriff of AIM |
- 9 March 2023, 10:58 |
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Iconic Labs –- the over hyped artificial intelligence RTO
On the LSE Asylum, the Bulletin Board Morons are frothing with excitement about a potential reverse takeover of Iconic (ICON) involving Livento Group. Given that Iconic has no effective business any acquisition is likely to be a reverse takeover as indicated by Iconic in the RNS of 2 February 2023 below:- By Tom Winnifrith |
- 9 March 2023, 09:36 |
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Atlantic Lithium “refutes” THIS bear dossier from Blue Orca – jury still out
At 4.15 PM yesterday shares in Atlantic Lithium (ALL) were suspended, having crashed thanks to the bear dossier which I publish in full below. The reason – a pending statement. That statement is now out and trading in the shares resumes. Atlantic says it “refutes” the dossier which means that it denies it. But how convincing is the denial?- By Tom Winnifrith |
- 9 March 2023, 09:20 |
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Tom Winnifrith Bearcast: Atlantic Lithium collapsing on Blue Orca bear dossier
I start with a rant about the fecking GPs and the bloody teachers as approx. 0.0 inches of snow accumulates and my father in law has to go to hospital again. I am so bloody angry about both. Then it is onto the collapse in the share price of Atlantic Lithium (ALL) – about which I explicitly warned you all just under four months ago HERE – after a bear dossier was published: see below. Then I look at Red Rock Resources (RRR), some of the #IWD jokes including one from Jeremy Corbyn and one from Guild Esports (GILD). Finally it is ouzo o’clock as musicMagpie (MMAG) serves up dire results and warns of tough times ahead. Footnote: at 4.15 PM Atlantic shares were suspended "pending an announcement"- By Tom Winnifrith |
- 8 March 2023, 16:06 |
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Restaurant Group – full-year results, how “robust” was the trading performance and how “encouraging” is it now?
Wagamama, Brunning & Price, Frankie & Benny's and more restaurants and pubs company, Restaurant Group (RTN) has announced results for its year ended 1st January 2023 which it argues are “a robust trading performance” and also emphasises “a very encouraging start to the trading year”. So what of a current share price response to around 39p, down approx. 14%?- By Steve Moore |
- 8 March 2023, 15:23 |
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PWC and two partners fined by the FRC over Babcock howlers but Boatman Capital says its just not enough
And Boatman, which exposed the accounting howlers at Babcock (BAB) in its March 31 2017 and 2018 accounts is dead right. The fines and censures handed out today will deter no accountant at all from enabling fraud- By Tom Winnifrith |
- 8 March 2023, 15:02 |
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In The Style Group – another duff IPO from 2021 but an £11.7 million plus net gain for its founder
Yesterday, In the Style (ITS) announced the completion of its strategic review. In its own words “In The Style is a pure-play e-commerce apparel brand with a loyal, growing customer base of women predominately aged between 16 and 35.”- By Tom Winnifrith |
- 8 March 2023, 13:58 |
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Versarien and its 130 claimed patents and trademarks part 2
Conflating the number of patents and trademarks is a bit like myself conflating the number of times I have drunk ouzo and the number of times Cheryl Cole has seduced me. They are both pleasurable just as patents and trademarks are both IP but they are different things. It is not common for people to act in both disciplines; either in respect of IP or pleasure.- By Tom Winnifrith, the Sheriff of AIM |
- 8 March 2023, 13:49 |
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Despite the share price collapse, In The Style still trades at a 60% premium to real value - sell/avoid
If I tried to sell you a £20 note for £32 you would rightly tell me where to go, but strangely people seem happy to pretty much be doing exactly that at the moment when they buy shares in In The Style Group (ITS)!- By Gary Newman |
- 8 March 2023, 13:41 |
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I like chocolate, but as for Hotel Chocolat shares…
It has been a busy morning, and whilst I could easily talk about the exciting world of clay bricks at Ibstock (IBST) or the (smart in my opinion) decision by Breedon Group (BREE) to exit AIM and go to the Main Market, I am going to talk about the world of chocolate and Hotel Chocolat (HOTC).- By Chris Bailey |
- 8 March 2023, 13:37 |
Bulletin Board Moron of the week squire0077 now jokes about Tom Winnifrith being shot
I flagged up this impoverished long and strong of Versarien (VRS) poltroon the other day HERE - he has altered his posting name by one digit but it is the same idiot.- By Tom Winnifrith, the Sheriff of AIM |
- 8 March 2023, 13:33 |
Netcall – interims, how much to pay for ‘superior growth’?
Previously writing on automation and customer engagement software company Netcall (NET), on results in October I questioned are the ‘growth opportunities’ sufficient?. What now on results for its half-year ended 31st December 2022 which emphasise “accelerated progress in annual contract value, supporting strong forward momentum”?
- By Steve Moore |
- 8 March 2023, 11:58 |
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Pete Brailey warns mug punters about Pantheon again
He called this as a slam dunk short at 122p on September 10. Shares in Pantheon Resources (PANR) are now 26p. So where next?- By Tom Winnifrith |
- 8 March 2023, 09:08 |
Ariana – Following Friday’s Intra-Day Tavsan Bad News, An Update On Venus
AIM-listed Gold producer in Turkey, Ariana Resources (AAU), had a torrid time in the market yesterday, following bad news on its Tavsan mine last Friday. This morning we got an update on Venus Minerals, which has been awaiting a stock market flotation. Was that news any better?- By Nigel Somerville |
- 8 March 2023, 08:12 |
Map Firm could be a Treasure for Investors as Share Price Doesn't Yet Reflect a Possible Gold Future
Hello Share Feeders. Rather down the list of companies I’ve enthusiastically invested in and then lost interest in is a mapping firm. 1Spatial (SPA) has cost me a bit of money over a longish period. But now it’s showing, albeit slow, signs of a recovery. And I’m not surprised for these reasons.- By Malcolm Stacey |
- 8 March 2023, 08:10 |
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Buy Supermarket Income REIT
Wanting some secure income with some future upside potential? How about inflation-linked, long income from grocery property? This and a share price currently down below 90p suggest to us that shares in Supermarket Income REIT (SUPR) are a Buy.- By Tom Winnifrith & Steve Moore |
- 7 March 2023, 15:55 |