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British American Tobacco – full year numbers, a total return Buy
As I write the shares of British American Tobacco (BATS) are down below a 3000p share price today, meaning year-to-date the cigarette and more name is down over 10%. And yet, back in the COVID-19 peak crisis and then investment excitement bounceback moments in 2021, the stock was back at 2500p. And we have not even discussed the over 7% dividend yield. What is going on at the multinational tobacco and other nicotine forms company?- By Chris Bailey |
- 9 February 2023, 11:46 |
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BREAKING: OvalX/ETX/Monecor shutting spreadbet/CFD operations across Europe
Clients of OvalX, formerly ETX Capital, have just received an email warning them that the business is being shut down. This is not just in the UK, the owner Monecor, is shutting operations across Europe.- By Tom Winnifrith |
- 9 February 2023, 10:47 |
Fusion Antibodies – “R&D update” attempted ramptastic?, how “sufficient” is the cash now?
Previously writing on antibody contract research organisation Fusion Antibodies (FAB), in August with the shares rising above 100p I wrote ‘ramptastic patent application announcement, cash sufficient for current requirements?’. The shares have since slumped to most recently close at 45p, but what of an announcement today taking them up currently more than 5.5%?
- By Steve Moore |
- 9 February 2023, 10:42 |
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Anglesey Mining – acquisition at spoof price, who does it think it is kidding?
Who does Anglesey Mining (AYM) – a company that pretends to be a wannabee miner but, in fact, for more than thirty years has engaged in a principal business of issuing more shares – think it is kidding with its latest pointless deal?- By Tom Winnifrith |
- 9 February 2023, 10:19 |
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Argo Blockchain’s Disgraced Peter Wall walks the plank with immediate effect: more red flags vicar?
The man who sold £3.5 million of shares at 243p AFTER sounding out folks about a placing which took place a few days later at 200p is gone. Yes, Peter Wall the CEO and ( for 18 months) “interim” chairman of Argo Blockchain (ARB) has announced his resignation with immediate effect.- By Tom Winnifrith |
- 9 February 2023, 08:17 |
Xeros Technology – argues “positive progress” in India, so why the lack of detail and EBITDA miss then?
Xeros Technology Group (XSG) notes in a “trading update”, “positive progress by its licence partner in India, IFB with the launch of an 11kg domestic washing machine into the Indian market” and that it “continues to support IFB in the final stages of testing of a 9kg domestic machine prior to market launch, with a senior Xeros team visiting IFB in Goa in February”. So what of a current share price response down by more than 6% to 4.6p?- By Steve Moore |
- 9 February 2023, 08:14 |
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TruSpine: How Do You Confuse An Idiot?
Aquis lobster-potted TruSpine (TSP) released a statement yesterday morning to tell us that the £200,000 bridging loan, available “immediately” on 3rd January (but never arrived), which was expected to be received “shortly” on 1st February, has still not arrived. Natch, the company maintains it is on its way. Yeah, right…..the cheque’s in the post, caught up the mail strikes and next up it won’t have been signed.- By Nigel Somerville |
- 9 February 2023, 08:06 |
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Tom Winnifrith Bearcast: I shall now block anyone emailing me about Kefi, it is sending me bonkers
In today's long Bearcast I discuss Kefi Gold & Copper (KEFI), Sosandar (SOS), Argo Blockchain (ARB), Ben's Creek (BEN), Cellular Goods (CBX) and an IPO from Primary Bid and the spivs at Novum to avoid like the plague: World Chess- By Tom Winnifrith |
- 8 February 2023, 15:52 |
Sosandar – Mystic Meg Strikes Again!
In my last piece on AIM-listed online ladies fashionwear purveyor Sosandar (SOS) back in December, I suggest there was clearly a placing on the way. This morning it is Mystic Meg strikes again, for we have a placing at 22p. Time for a nice glass of ouzo!- By Nigel Somerville, the Deputy Sheriff of AIM |
- 8 February 2023, 15:50 |
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Helping paid share "promoter" David Burton of Total Market Solutions with his maths re Vast Resources - GCSE fail for Dave
Total Market Solutions, owned by David Burton, earns its crust promoting penny shares for cash. It is open about it and let me be clear that there is absolutely nothing wrong in this trade although one imagines that Mr Burton has to hold his nose on occasion with some clients. But there is promotion and then there is telling outright porkies, which brings me to his tweet this morning about Vast Resources (VAST) when the shares were 0.66p.- By Tom Winnifrith, the Sheriff of AIM |
- 8 February 2023, 14:36 |
Hardide – “pleased to report” results argue “reasonably placed”. Is it sure about that?
Previously writing on surface coating technology company Hardide (HDD), in September with the shares at 19p I concluded including that it will be interesting to see the full-year results and balance sheet detail, but they clearly aren’t going to be good. The company has now announced the results, stating that it “is pleased to report” them and that “the new financial year has started well, with revenues in the first quarter ahead of those in the same period last year”. So what of a now 13.5p share price?
- By Steve Moore |
- 8 February 2023, 14:19 |
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The obsession of the housing market and the reality for shareholders in Barratt Developments
As the CEO of Barratt Developments (BDEV) observed during the conference call earlier today, the company’s half year numbers showed a “very strong operational performance”. Compared to a year ago, total home completions rose by 6.9%, adjusted profits were up by 15.9%, return on capital employed was up to 29.6% and, whilst net cash fell just over 14%, it was still just shy of £970 million. Happy days then for a leading housebuilder with a market cap of just over £4.6 billion today? So why are the shares, which are up about 1% today as I write, down by more than 25% during the last year? Is it something to do with the “difficult housing market” also talked about?- By Chris Bailey |
- 8 February 2023, 12:36 |
Speedy Hire – argues “continues to perform well” and a “strengthened control environment”, But…
Tools and equipment hire and complementary services company Speedy Hire (SDY) has issued a “Financial and trading update”including that it “continues to perform well… revenue (excluding disposals) for the four months to 31 January 2023 up c.16% against the corresponding period in the prior year… continues to be confident in delivering underlying profit in line with its expectations for the full year”. So what of a current share price response down by more than 7% to around 39p?- By Steve Moore |
- 8 February 2023, 10:58 |
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Ben’s Creek – an after hours share dumping stinker: the stench of Adam Wilson is everywhere
At 6 PM last night, nobody is watching O’ Clock, Ben’s Creek - CEO infamous Adam Wilson of Atlantic Carbon/Coal and Daniel Stewart disgrace - (BEN) announced that its largest shareholder MBU (main advisor the same Adam Wilson) had dumped 22,222,222 shares (5.92% of the equity) at just 18p. As with all share dumping by Wilson entities this is not what it seems and it stinks.- By Tom Winnifrith |
- 8 February 2023, 09:48 |
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David Beckham’s Cellular Goods Merger off – its now a full on cash crisis
The proposed RTO with Cannary Limited never made sense. Cannary – as fronted on nauseating TV ads with Claudia Winkleman – had a horrible balance sheet with huge liabilities and is burning cash. Cellular Goods (CBX) has cash ( £4.37 million at August 31) but spunked it at £500,000 a month last year. So this proposed deal was like two drunks propping each other up. But now the transaction announced on 26 September is OFF. What next?- By Tom Winnifrith |
- 8 February 2023, 09:01 |
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Versarien – bad rumours from the USA
You thought that the savage redundancy programme at cash strapped Versarien (VRS) was all done and dusted? Perhaps it is time to think again. Rumours are arriving from the USA.- By Tom Winnifrith, the Sheriff of AIM |
- 8 February 2023, 08:25 |
Compelling Is a Strong Word but could it Approach being Appropriate for the Big Oilers?
Hello share clinkers. This old punter rather mistrusts the word ‘compelling’. A lot of analysts like to say that one stock or another is compelling. But, of course, every recommendation has some arguments against buying. And the more reputable among our fraternity will raise the obstacles to success as well as the good points.- By Malcolm Stacey |
- 8 February 2023, 08:10 |
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Tom Winnifrith Bearcast: The economic illiteracy of the political class: BP and its $27.6 billion profit
The tweet below is from Labour shadow chancellor Rachel Reeves but I also cite Lib Dem leader Ed Davey for spouting equal tosh this morning. I start with BP (BP.) and windfall taxes. Then it is onto Tintra (TNT) with two more bombshell exposes today. My target price here is now officially 0p. Then it is onto another Dominic White, of the fraud Supply@ME Capital (SYME) infamy, MaxRets Ventures (MAX). En passant I mention DeepVerge (DVRG).- By Tom Winnifrith |
- 7 February 2023, 14:45 |
IXICO – next year “expects to achieve double digit revenue growth”, but what about this year and the bottom-line?
Medical analytics company IXICO plc (IXI) has issued a trading update commencing that it “reconfirms its revenue expectations of £7 million for the year to 30 September 2023 and announces that it now expects to achieve double digit revenue growth in the year to 30 September 2024”. So what of this currently helping the shares up to 26.5p?- By Steve Moore |
- 7 February 2023, 14:45 |
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GOTCHA! Tintra: – the hidden multi million profit not recorded in Tintra Acquisitions accounts, time for HMRC to intervene?
Whilst we wait for Richard Shearer to respond to our questions posed in 4 exposes since Saturday or for AIM Regulation to show it gives a f*ck about maintaining an honest and orderly market, I present evidence that the Tintra Acquisitions Limited company number 13236378 is the relevant entity referred to in Tintra Plc RNS announcements. Maybe I should grass Shearer up to HMRC?- By Tom Winnifrith, the Sheriff of AIM |
- 7 February 2023, 13:09 |