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MGC Pharmaceuticals – another cup of death spiral vicar?
The word on the Street is that the level of boardroom greed at MGC Pharmaceuticals (MXC) is causing increasing unrest among some of those hitherto supportive of the company. Meanwhile the share price continues to tank and I think that we can all guess why. The shares were 2.25p, valuing this crock at £70 million, on January 11 2022 when I published this extensive bear dossier HERE. Today they are just 0.475p, off another 15% today and valued at just £13.7 million.- By Tom Winnifrith |
- 22 February 2023, 14:55 |
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Canadian Overseas – Liquidity has gone, the shares can only go one way
A two million share trade went through at just 5.5p earlier. Natch the Bulletin Board Morons saw this as great news, arguing that a big stock overhang had gone and that the shares would now rocket. To be fair they have bounced back but this just shows what happens when Liquidity is gone and we know that there are massive sellers coming at almost any price.- By Tom Winnifrith |
- 22 February 2023, 13:44 |
Gooch & Housego – AGM trading update emphasises “progress”, but is it sufficient for the valuation?
Photonic components and systems manufacturer Gooch & Housego (GHH) has issued a trading update including that it “is making steady progress in lowering its lead-time for new orders received and reducing its overdue order book”. So what of a share price currently down to 528p?- By Steve Moore |
- 22 February 2023, 13:03 |
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Mega company Wednesday excitement – Rio Tinto and Lloyds Banking Group
Whilst I am sure many of you have rolled from eating pancakes yesterday to reading the poetry of T. S. Eliot today, I keep on cracking on with the global corporate earnings season – and this brings me today to Rio Tinto (RIO) and Lloyds Banking Group (LLOY) (one of which I think is cheap and one of which I am glad I do not own).- By Chris Bailey |
- 22 February 2023, 12:35 |
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Why is the Versarien annual report still not out & what is it hiding?
Yesterday we had an abridged version of the 18 months to September 30 from Versarien (VRS) published. We had the P&L, balance sheet, cashflows and notes 1 – 10. But much we still do not know and a day later Versarien has yet to publish the full accounts. What is it hiding?- By Tom Winnifrith, the Sheriff of AIM |
- 22 February 2023, 12:03 |
Angling Direct – trading update argues “pleased with the progress achieved”. Really?
Fishing retailer Angling Direct (ANG) states that it is “pleased with the progress achieved… trading has been in line with the board's expectations”. So what of a share price currently back up above 30p, but comparing to above 50p a year ago?- By Steve Moore |
- 22 February 2023, 10:59 |
Why the Black Horse could Gallop Ahead After Setback of Barclays' Results and on its own numbers
Hello Share Fans. Sometimes laziness pays off. Having extolled the opportunities of investing in British banks, I was waiting a respectable period before I began piling into Barclays (BARC). But when I could have done so (and not broken strict Shareprophets writer's rules) I couldn't be bothered.
- By Malcolm Stacey |
- 22 February 2023, 08:38 |
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BOMBSHELL: The FCA & AIM regulation fail to act on Versarien lies as Superdry deal shown to be a nothing
I now have it double sourced that the supposed deal between Versarien (VRS) and Superdry is just bull. It is dead. Not that it was ever alive. What is even more shocking is how the regulators have treated this allegation that Versarien has lied to investors.- By Tom Winnifrith, the Sheriff of AIM |
- 21 February 2023, 16:27 |
Blancco Technology – interims emphasise “increasing Sustainability and Governance tailwinds”, but what’s already in the price?
Describing itself as “the industry standard in data erasure and mobile lifecycle solutions”, Blancco Technology Group (BLTG) has announced results for its half-year ended 31st December 2022 emphasising “increasing Sustainability and Governance tailwinds accelerate double-digit growth” and that it “continues to trade well and has a strong pipeline of opportunities”. So what of a share price currently more than 15% higher in response to 188.5p?- By Steve Moore |
- 21 February 2023, 16:17 |
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Tom Winnifrith Bearcast - ouzo on my pancakes as its Schadenfreude day at the Welsh Hovel!
The images below should amuse you. Together with the discussions about getting my wife sacked and me killed, Versarien shareholders - egged on by the vile Neill Ricketts - have given it to me in spades over the years. Natch, today is a good day for me. I discuss many lessons learned and where next. 0p. I also look at Okyo Pharma (OKYO) and Kefi Gold & Copper (KEFI).- By Tom Winnifrith |
- 21 February 2023, 15:39 |
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Zoo Digital – ‘adoption by a major Hollywood studio’, but how “delighted” should Malcolm Stacey & co be?
Malcolm Stacey will be celebrating again as Zoo Digital Group (ZOO) is “delighted” to announce its ‘globalisation management platform’ has been “adopted by major Hollywood studio to support content localisation rollout”. The shares have currently responded up by 12.5% to 184.5p, but how much should Malcolm & co be celebrating?
- By Steve Moore |
- 21 February 2023, 14:23 |
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BREAKING SHOCKING EXPOSE: Versarien results - what Neill Ricketts is not telling you about Innovate UK
In today’s, utterly dreadful, results from Versarien (VRS) the auditors make it clear that the company will go bust if it cannot get a material cash injection from grants, loans or share issues. There is something Versarien is not telling investors about that. I wonder if it has told auditors BDO or its hapless Nomad SP Angel.- By Tom Winnifrith, the Sheriff of AIM |
- 21 February 2023, 14:06 |
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I would love to stay in a luxury IHG hotel…but as a traveller and an investor, I continue to be much more of a Whitbread/Premier Inn sort of guy!
Four months ago, I noted that InterContinental Hotels Group (IHG) “is still excited about the future hotel market…but it should not expect me to book a luxury global Regent or Crowne Plaza room in 2023!”. Famously, I am much more of a Premier Inn/Whitbread (WTB) sort of guy. Interestingly, as an investor, both year-to-date and over the last six months you would have made more money via a holding in the latter too!
- By Chris Bailey |
- 21 February 2023, 14:03 |
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Versarien Results – Neill Ricketts says graphene is a growth business, the numbers don’t lie – he does
Earlier I showed the looming cash crisis at Neill Rickett’s failing Versarien (VRS). Ricketts is trying to pump the shares claiming that graphene is a “growth business”. He is ‘avin’ a giraffe.- By Tom Winnifrith |
- 21 February 2023, 13:46 |
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GB Group – profit warning… what about the ‘growth opportunities and ability to capitalise on them’ excitement?!
Previously writing on digital location, identity verification and fraud software group GB (GBG), last year with the shares falling towards 400p I questioned its stated excitement about sustainable growth opportunities and its ability to capitalise on them. The shares last closed at 344.2p and what of they currently further lower on the back of a “trading update”?
- By Steve Moore |
- 21 February 2023, 11:40 |
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Versarien results - the game is almost up despite a dubious audit: Part One
The results for the 18 months to 30 September from Versarien (VRS) are shockingly bad and contain an explicit warning about its perilous financial state. When, not if, it goes bust auditors BDO will have big questions to ask about this sign off for its work is very poor, there is almost no professional scepticism.- By Tom Winnifrith, the Sheriff of AIM |
- 21 February 2023, 09:55 |
And the best use of a corporate twitter account award goes to ........drumroll.....Caracal Gold
Of course that is irony. When not helping the FCA with its enquiries, this was the latest tweet from Caracal Gold (GCAT).- By Tom Winnifrith |
- 21 February 2023, 08:05 |
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Shearwater Group – attractive recovery potential?
Shares in “cybersecurity, advisory and managed security services group” Shearwater (SWG) approached 140p last summer and were above 115p in November before results for its half-year ended 30th September 2022. Having commenced 2023 at 100p, the shares are now available at a 95p offer price and we consider that there is attractive recovery potential from here.- By HotStockRockets |
- 20 February 2023, 16:30 |
Tristel – argues “stronger than ever” growth prospects, but what’s already in the price?
Infection prevention products manufacturer Tristel (TSTL) has announced results for its half-year ended 31st December 2022 emphasising “achieving 16% revenue growth and a 16-fold increase in EBITDA”. So what of the shares currently up to 330p, but still down from when I previously concluded bearishly a year ago?
- By Steve Moore |
- 20 February 2023, 16:10 |
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Tom Winnifrith Bearcast: Surely Moonpig is a short? What am I missing?
I start with half term trespassers of whom there seem to be many here in Wales. Then it is onto Verditek (VDTK) and why AIM Regulation's failings matter, Audioboom (BOOM), Versarien (VRS), questions about revenue recognition at Andrew Monk's VSA Capital (VSA) and finally Moonpig (MOON). The prize Versarien contest mentioned is HERE- By Tom Winnifrith |
- 20 February 2023, 15:07 |