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Thank the wretched Mail on Sunday for giving you an IQE short entry point
The market did not really care that Richard Griffiths had increased his stake in IQE (IQE) to 7.6% on Friday. The shares were marked down a tad. Griffiths is a smart operator, but like all of us he is not infallible. But the Mail on Sunday bigged this up at the weekend.- By Tom Winnifrith |
- 15 March 2024, 08:30 |
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Boardroom merry go round at MaxRets Ventures more red flags vicar?
I have already highlighted the appalling financials at MaxRets Ventures (MAX) one part of the empire of worthless companies or outright frauds created by the Dominic White/Carrado Coen/Allesandro Zamboni gang. Now vicar it is time for some boardroom red flags hoisted today.- By Tom Winnifrith |
- 15 March 2024, 08:28 |
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Metals Exploration – recent very strong share price performance, bank more than 95% gains?
We most recently wrote on gold producer from the Philippines Metals Exploration (MTL) towards the end of January, noting with the shares at a 2.8p offer price, approx. $75 million market cap, that the more than $10 million net debt reduction for even the latest quarter and the $19.9 million remaining net debt suggested value and a 4p+ near-term share price quite possible here.- By HotStockRockets |
- 15 March 2024, 08:25 |
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Brilliant new Dominic Frisby video "Let's Synergise" for anyone who has ever endured Corporate Life
If you have ever worked as a corporate dude in the era before WFH you will love the latest video from my pal Dominic Frisby, out just last night. Let's Synergise. It is superb.premium content
SmartSpace Software – recommended offer, a deal it should be “pleased to announce”?
SmartSpace Software (SMRT) is “pleased to announce” that it has agreed a cash offer for 90p per share from Florida-headquartered ‘workplace enablement’ software and analytics company Sign In Solutions Inc., stating that it “believes that the cash offer would provide SmartSpace shareholders with an immediate realisation of this future value potential in cash at an attractive premium to the undisturbed share price”. How “attractive” does the recommended offer look?- By Steve Moore |
- 14 March 2024, 16:12 |
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Tom Winnifrith Bearcast: screwed by Trainline
In today's podcast I discuss Trainline (TRN), Versarien (VRS), Optibiotix (OPTI), Red Rock Resources (RRR) and its Aussie shitshow, ECR Minerals (ECR) and Skinbiotherapeutics (SBTX)- By Tom Winnifrith |
- 14 March 2024, 15:59 |
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Letter to AIM Regulation: Surely musicMagpie must come clean?
Yesterday musicMagpie (MMAG) released dismal results showing debt increasing alarmingly and it on the brink of breaching one of its key banking covenants. But there was no mention of the supposed process of finding a bidder. It is spoofing, its silence speaks volumes but it should be forced into making a formal statement. I have written to the Oxymorons at AIM Regulation- By Tom Winnifrith, the Sheriff of AIM |
- 14 March 2024, 13:56 |
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Morgan Advanced Materials – 2023 results, recovery and income BUY
Carbon and ceramic materials manufacturer Morgan Advanced Materials (MGAM) has announced its results for the 2023 calendar year headlined “Results in line, business simplification announced, higher growth outlook”. How good is this news from a 266p share price, £759 million market cap?- By Tom Winnifrith & Steve Moore |
- 14 March 2024, 13:43 |
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Optibiotix: Its biggest contract ever! STRONG BUY to more than double in 2024 and quadruple in 3 years
This contract should not be a complete surprise as it was alluded to in the recent Steve O’Hara & Tom Winnifrith video HERE. At that point O’Hara was 90% sure it would be signed. Now it has. It is amazing that shares in Optibiotix (OPTI) are not racing ahead on this news. They should be. At 24.75p they are a STRONG BUY.
- By Tom Winnifrith |
- 14 March 2024, 13:34 |
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CAP-XX – “Update on litigation”, does it even have “the coming weeks” to negotiate a settlement?
Describing itself as “a world leader in the design and manufacture of supercapacitors and energy management systems” (despite a recent half-year increased loss on revenue of just Australian$2.3 million!), CAP-XX (CPX) has now announced that “Maxwell will be applying to the Court for a further extension of time to lodge an application for a claim of costs against CAP-XX before the end of the current week” though adding that “to emphasise, this filing is purely procedural and does not substantively impact CAP-XX”. What about that and shares in CAP-XX currently further down below 0.07p in response?- By Steve Moore |
- 14 March 2024, 13:05 |
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Wildcat Petroleum: with hindsight does it regard the October 16 2023 statement as “true and accurate”
Having dealt with its bogus profits and inaccurate interims earlier, I now turn to the RNS issued on 16 October 2023 by Wildcat Petroleum (WCAT), a company that lied in its very first RNS as a listed company. With hindsight was the statement of 16 October also a lie or, at best, misleading?- By Tom Winnifrith |
- 14 March 2024, 12:22 |
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Eneraqua Technologies – year “started in line with its expectations”, but what happened last year? And CFO “stepping down”
Previously writing on energy and water efficiency provider Eneraqua Technologies (ETP), in December I noted energy project delays and concluded with the shares down to 47.5p still an avoid/sell. So what about a “Year End Trading Update and Directorate Change” announcement from the company today helping the shares currently approaching 13% higher back towards 45p?
- By Steve Moore |
- 14 March 2024, 11:19 |
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BREAKING: Wildcat Petroleum – Reports a made up profit and other schoolboy accounting blunders
In the six months ended 31 December 2023 Wildcat Petroleum (WCAT) reported a profit of £131,000. I suggest that it did so by breaking accounting rules and that was not the only schoolboy error in today’s interims.- By Tom Winnifrith |
- 14 March 2024, 11:12 |
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Versarien: mug punters going nuts in Brazil
Versarien (VRS) has signed a licensing deal in Brazil for its graphene products and its shares have raced ahead by 23%. But this deal is not Brazil nuts it is peanuts in monetary terms and does SFA to stop the headlong rush to insolvency.- By Tom Winnifrith |
- 14 March 2024, 10:00 |
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No Woodlarks walk this year but Lucian and reader Nick are doing 100km for a great cause
I said that last year was my last year and health issues mean that is very much the case. But Grandpa, aka Lucian Miers, and reader Nick (a bit of a health Nazi, between you and me) are made of sterner stuff and are doing a 100 km, or as you and I would put it 63 miles, sponsored walk along with members of Lucian’s family. The cause is one I support for personal reasons.- By Tom Winnifrith |
- 14 March 2024, 08:39 |
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TT Electronics – 2023 results, a value and income Buy
‘Engineered electronics for performance critical applications’ company TT Electronics (TTG) has announced its results for the 2023 calendar year headlined “Strong profit growth, margin enhancement and cash generation” and outlook confidence based on its order book, current end-market activity and operational improvement initiatives that are underway. The shares are currently up to around 150p in response, but there looks more upside ahead.- By Tom Winnifrith & Steve Moore |
- 13 March 2024, 15:38 |
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Tom Winnifrith Bearcast: 4 potential zeros and one sure fire hero
I start with reflections on personal experiences in this land with Swedish tax rates and Somalian public services. I exaggerate a bit at both ends but you get my drift. Then it is on to CapXX (CPX), Sareum (SAR), Victoria (VCP), Chill Brands (CHLL) and Optibiotix (OPTI)- By Tom Winnifrith |
- 13 March 2024, 15:36 |
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Gym Group – 2023 results, how “positive” is the trading momentum really?
Gyms operator Gym Group (GYM) has announced results for the 2023 calendar year headlined “Positive momentum continuing” and the shares have currently responded more than 7% higher towards 118p. With that though still slightly down from the share price reached in September and comparing to above 140p early last year, what does the trading performance suggest is a fair valuation here?- By Steve Moore |
- 13 March 2024, 15:35 |
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Voyager Life merger with near bankrupt company: it takes the piss again
What on earth is my old friend Liam Murray of Cairn Financial, advisor to pot play Voyager Life (VOY) smoking? Has nobody told old Liam that weed has got a lot stronger since he was at University and can make you do all sorts of crazy things like signing off on statements that make no sense whatsoever. Please Liam seek help. Just say No!- By Tom Winnifrith |
- 13 March 2024, 14:12 |
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GOTCHA! Yet more ouzo for the Sheriff - Victoria: More problems at t’ mill, still potentially a £260m zero
Colourful Geoff Wilding, the BSD at carpets roll up/financial construct Victoria (VCP) says that there has been “a lot of noise around Victoria in the last six months.”. Yes, auditors saying accounts could not be verified, profits warnings (there is another today), debts surging. As a perma bear, publishing numerous warnings on this fine website, I won’t argue with Geoff as he coughs up yet more bad news, sugar coated with spoofery.- By Tom Winnifrith |
- 13 March 2024, 13:14 |