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Latest News

CNS
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Corero – Bullshit earnings, cash burning and a profits warning buried in a release: uninvestable scumbags enter a 26th year of failure

How many times has cyber security group Corero Networks (CNS) lead its shares up the hill with ramptastic announcement after ramptastic announcement only to admit that it was running out of money, needed to do yet another bailout placing and seen its shares slide back down the hill again? Corero has been listed since 1997….
SQZ
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The Serica acquisition of Tailwind looks like terrible value for existing shareholders if it goes through

I’ve always been a big supporter of Serica Energy (SQZ) since first covering it on this site as a buy at around 5p some years back, and since then it has done rather well, but I’m really struggling to get behind the acquisition deal that it recently announced whilst I was off on my travels.
ZAMZ
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Zamaz – a very curious share transaction and the rescue return of Dominic White of the fraud Supply@ME Capital infamy!

On 6 January 2023, it was announced that Mr Dominic White will return as a director to the (laughably valued) company built on sand that he founded and will become an independent non-executive director on 31 January 2023.
QXT

Quixant – trading update, how creditable has its ‘ahead of expectations’ been?

Just over a year ago I wrote on technology products principally for the gaming and broadcast industries company Quixant (QXT), at a then 177.5p share price, that the valuation and the company’s trading pressures saw me continue to avoid. Having been well below 150p, the shares have recovered and are currently up to 169.5p on the back of a full-year trading update. So what’s the situation now?
CEY
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Centamin – Court Win Secures Mine Concession Agreement: BUY

Fully-listed Egyptian Gold miner Centamin (CEY) this morning announced that the Constitutional Court in Egypt had ruled that under Law 32, third parties cannot challenge contractual agreements between the Egyptian Government and investors such as Centamin. This may seem somewhat highbrow, but an individual had been challenging Centamin’s right to exploit the Sukari concession, seeking the nullification of the concession agreement between the company and the government.
Bearcast
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Tom Winnifrith Bearcast: Amigo really should be friendless

I start with the FTSE 100. Should we celebrate it "soaring" to the level it was at the time of the war criminal Blair? Then onto Caracal Gold (GCAT) and more bad news on the way, to ITM Power (ITM), Inland (INL), Amigo (AMGO), IGC-Longbow Senior (LBOW) which lies about my anonymity and Tower Resources (TRP) and its desperate attempt to hide a death spiral with a verbose release.
MPAC

Mpac Group – FY22 ‘in line with expectations and encouraging outlook’. Is it?

Packaging and automation group Mpac (MPAC) has issued a “full year trading update” headlined “FY22 trading performance in line with market expectations and encouraging outlook for FY23”. However, I previously wrote on the group in July including noting profit “significantly below” expectations. Hmmm!
ITM
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Vindicated Again, ITM Power – is the warning a kitchen sink or is there more to come?

A long call with Lucian Miers has just ended. As you may know he has moved from leafy Hampshire to the grim North of Yorkshire and has blundered out for a walk only to find himself in the middle of a snowstorm. Let us pray that he makes it back safely to his new home, without the need for the local Moors rescue team to unleash the whippets. We talked of ITM Power (ITM) where the great bear has increased his short position after today’s dire warning. But is that right?
TGP
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Tekmar – financing ‘exclusivity period extension’, what of approaching 16% share price fall?

Offshore energy technology and services group Tekmar (TGP) has announced a 14 day exclusivity period extension for a preferred financing partner, “with the mutual option to extend for an additional 14 day period if required, to allow the preferred partner to complete its due diligence and finalise its proposal”. What of a current approaching 16% share price fall to 14.5p in response?
GCAT
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Letter to FCA – Caracal Gold: surely public sanctions needed?

Yesterday I started what is likely to become a series on why Caracal Gold (GCAT) is a zero with shocking revelations HERE. There is more to come. But already there is clear evidence that Caracal has breached market rules in a most serious way not once but twice. Sanction against Caracal, its CEO Robbie McCrae and possibly its advisor and the main promoter of its shares, VSA Capital, is now clearly merited. I have written to the FCA which is the regulator, no sniggering at the back, of the Standard List where Caracal is quoted and also asked questions about  Andrew Monk’s VSA.
ASHM
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Ashmore Group is doing alright…but so are you. And nobody needs to be visiting Davos!

For yet another year I have failed to make it to the World Economic Forum’s shindig in Davos. It is so not me anyway. I guess I could probably waffle about this and that akin to everyone you will see on the TV, radio and internet over the next few days, but there are so many better things you can be doing than spending a fortune to get a ticket. I see the Davos meeting this year is titled “cooperation in a fragmented world”, which I am sure is all about spending lots more money. Suffice to say, common-sense is a lot more boring and a hell of a lot cheaper. And that brings us back to the world of global equity markets over the rest of the 2020s and beyond, and the comments of the leading emerging markets fund manager Ashmore Group (ASHM) today.
LBOW
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ICG-Longbow Senior & Cenkos start the week with a monster lie – you are LIARS

On Friday on the ShareProphets website I published a devastating bear dossier on ICG-Longbow Senior (LBOW) and as always, I signed off in my name. I have nothing to hide. I have been a journalist for three decades, longer than Cenkos has been acting for shysters. That dossier detailed the very dodgy CV of a key player and explained why the NAV was a work of pure fiction. Today Longbow has responded with a “portfolio update” which shows that it and its advisor Cenkos (of Quindell infamy) are nothing more than low grade liars.
UPGS

Profitable Outfit with Top Brands Even Older than Me Looks Set to Boost its Share Price

Hello Share Planners. It’s possible you’re not familiar with a company called Ultimate Products Global Sourcing (UPGS). But you will have heard of its own brands or those it has under licence. They include Russell Hobbs, Dreamtime duvets and Beldray vacuum cleaners. And it recently snaffled Salter scales. All these are quite must-have things that could defy the effects of the higher costs of living.
Bearcast
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Tom Winnifrith Bearcast: Malcolm Stacey failing as a bear and why the Caracal scandal is so huge and matters

I refer at the end to a podcast on the Northern Ireland census I recorded today. Honestly it is more interesting than it sounds and is HERE. I start with Malcolm's failed career as a bear and where blue chips and small caps go from here. Then onto our bombshell on Caracal Gold (GCAT) today HERE and all the other red flags and why it matters that the FCA acts on this one.

GCAT
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BREAKING EXPOSE: The scandal at Caracal Gold, what a colourful cast of “characters” – this is a zero

If the name Caracal Gold (GCAT) does not ring a bell, count yourself lucky not to have this dig in your portfolio because it is a zero and one where the FCA should be crawling all over everything. Until 16 months ago, Caracal went by another name.
Quiz

The ShareProphets Pub Quiz is temporarily offline

Sorry everyone, but the Sunday Pub Quiz is not working today. It keeps getting stuck on question #4. We’ve taken it down and it’ll go back up later, probably later in the week.
BMV
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BlueBird Merchant Ventures – from the horses mouth

I am as frustrated as the rest of you by the failure of the share price of Bluebird Merchant Ventures (BMV) 1.725p, a £10.7 million market cap, is far too low if, I repeat, IF, it delivers what it has promised in South Korea and the Philippines. But this is a mining junior and IF is the operative word. IF it delivers I see these shares heading to 4p+ so I asked the company what was not happening.
Professor
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Sunday Long Reads: Marathon Cheats, How Not to Play Crypto, Secret Lives of Female MI6 Spies, Delivering Fish, Google Reviews Reviewed

Here are five long reads that have nothing to do with shares. Put the kettle on, find a comfy chair. You have the time, don't you?

Wolf-of-Wall-Street

Visual Aid: Here's what the Experts See Coming in 2023 in Technology, Markets, and Geopolitics

From Visual Capitalist,  this chart has been developed by analyzing 500 articles and podcasts and synthisizing it down to a Bingo card. 
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