premium content
The fraud WANdisco – it was always a dog
Yesterday we learned of the mammoth fraud at Wandisco (WAND) which may well sink it. Bulls always pointed to huge forecast earnings but while the FCA always tells us that the past is no guide to the future it often is. We perma bears pointed to the actual numbers.- By Tom Winnifrith, the Sheriff of AIM |
- 10 March 2023, 15:41 |
Hostmore – argues “matter is unrelated to recent trading”, so why are results delayed?
'Fridays' (formerly TGI Fridays), '63rd+1st', and 'Fridays and Go' restaurants and bars company Hostmore (MORE) has issued an update that lending facilities discussions are “progressing well” and noting trading “in line with current market expectations” with “a further announcement confirming the new date of the preliminary results will be made in due course whilst an update on the group's amended banking facilities will also be provided as part of the preliminary results announcement”. What then of a share price currently to 13p?- By Steve Moore |
- 10 March 2023, 14:27 |
premium content
BREAKING: So how many patents does Versarien actually have? 130? What do you think?
Now that Neill Ricketts has been resigned as CEO of Versarien (VRS) the board and its PR advisors need to get to grips urgently with some of the outrageous claims made by the loathsome old barstool. For only when investors are told the ghastly truth can disgraced Nomad SP Angel consider allowing a bailout fund raise. And, as I pointed out in bearcast, a string of apologies are also needed to show that the culture has changed at Versarien and is no longer toxic. In terms of the truth, we might start with Ricketts’ claims about IP.- By Tom Winnifrith, the Sheriff of AIM |
- 10 March 2023, 14:22 |
Video: Recession and Higher Rates – The Mega-Risks in 2023
Analyst and investor David Hay recently released a new book “Bubble 3.0” which is a warning about the investment perils we all face but which most folks opt to ignore.- By Tom Winnifrith |
- 10 March 2023, 13:42 |
premium content
Tom Winnifrith Bearcast: TW is a total bastard
In today's Bearcast, I discuss Power Metal (POW), Versarien (VRS), including why Dianne Savory OBE should be publicly apologising to my wife today, Verditek (VDTK), Victoria Oil & Gas (VOG), Aferian (AFRN) and Argo Blockchain (ARB)- By Tom Winnifrith |
- 10 March 2023, 13:39 |
premium content
I still like SIG plc shares (just don’t mention the need for a dividend)
Back in August last year, I wrote that “I remain a fan of SIG plc (SHI) (just improve the balance sheet a bit more, please!)”. Shares in the supplier of insulation, roofing, commercial interiors and specialist construction products are, despite a bit of current market volatility, still above the level of then (which is good), but do I still think both that they are cheap and that it would be very smart of the company to improve the balance sheet?
- By Chris Bailey |
- 10 March 2023, 12:37 |
premium content
And another AIM sewer CEO walks the plank – Paul Johnson ramper in chief at Power Metal Resources is gone
The cleansing of the Augean stables that is the AIM sewer has seen loathsome Neill Ricketts fired, oops sorry resigned, today but there is another high profile ramper walking the plank, Paul Johnson of Power Metal Resources (POW). Johnson’s departure is buried at the bottom of a release about a “strategic business update”. Whatever…I smell bull.- By Tom Winnifrith, the Sheriff of AIM |
- 10 March 2023, 11:28 |
premium content
So farewell then Neill Ricketts, EJ Thribb has a Poem in your honour
The nation's greatest poet has stepped up to the plate as loathsome Neill Ricketts has abandoned the sinking Versarien (VRS) ship.- By Tom Winnifrith, the Sheriff of AIM |
- 10 March 2023, 08:40 |
premium content
BREAKING: Ding Dong Ricketts has Gone – Versarien surely toast
There was no thanks offered up by his fellow board members for his tremendous services to Versarien (VRS). Just an acknowledgement that loathsome charlatan Neill Ricketts has resigned with immediate effect. Did he resign or was he resigned?- By Tom Winnifrith, the Sheriff of AIM |
- 10 March 2023, 08:05 |
premium content
Tom Winnifrith Bearcast: The $1 billion AIM fraud, IQE & Atlantic Lithium merit lots of ouzo tonight as the teachers disgrace themselves
I start with the fecking stay at home in the face of sod all snow teachers, who are a disgrace as I explained HERE. Then it is onto Ben's Creek (BEN) as disgraced Peter Shea emerges from under a stone, then IQE (IQE) , Wandisco (WAND), Atlantic Lithium (ALL), BSF Enterprises (BSFA) and Hammerson (HMSO).- By Tom Winnifrith |
- 9 March 2023, 16:37 |
premium content
Put your workers on a 4 day week on full pay and watch revenues rocket: pseudo capitalism it is so easy when your sales are pure fiction!
A pilot scheme where workers got full pay for doing just 4 days a week was recently hailed by those organising it as a triumph and among those wheeled out to boast of its success was David Richards MBE of Wandisco (WAND). claiming his company's sales had rocketed seven fold and productivity was up 25%. In fact...- By Tom Winnifrith |
- 9 March 2023, 15:18 |
Xeros Technology – further XFilter licensing agreement, attempted ramptastic?
Stating that its “technologies revolutionise the way we make and clean our clothes, conserving water and preventing waste”, Xeros (XSG) “is pleased to announce the signing of a further licensing agreement for its XFilter filtration technology with a global component manufacturer”. What of the shares currently up 6.5% in response towards 5p?- By Steve Moore |
- 9 March 2023, 15:09 |
premium content
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 |
premium content
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 |
premium content
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 |
premium content
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 |
premium content
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 |
premium content
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 |
premium content
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 |
premium content
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 |