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Bidstack - how big is the Azerion black hole?
In October of 2022 Bidstack (BIDS) completed a fundraise at 2.85p raising a net £9.5 million. Its house broker Stifel said that this would be enough to get it through to breakeven in 2024. But I suggest that is patent bollocks and that there could be a cash crisis ( again) this year. Here’s why.- By Tom Winnifrith, the Sheriff of AIM |
- 3 February 2023, 10:04 |
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Life is busy…even in the boring UK government bond markets
Were the last twenty-four hours or so the busiest time for global investors this corporate earnings season? For those of you who just look at names listed on the UK markets, maybe the inevitable Bank of England rate rise was as exciting as it got, but for us global market punters, there was a hell of a lot going on. But - like the complete investment sad sack I am - that is what makes it exciting…- By Chris Bailey of Financial Orbit |
- 3 February 2023, 09:29 |
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Fresnillo – Q4 report, a recovery from production challenges: Buy
The world's largest primary silver producer Fresnillo (FRES) has issued a fourth quarter production report and 2023 guidance for 104-115 million ounces of silver equivalent production.- By Tom Winnifrith & Steve Moore |
- 2 February 2023, 16:17 |
PCI Pal – trading update, is its “on track” good enough for the valuation?
Previously writing on payment technology for business communications company PCI Pal (PCIP), 11 months ago with the shares at 58p I concluded that the uncertainty together with a near £38 million market cap meant I continued to avoid. The shares most recently closed at 57p, but what of them currently down to 54.5p on the back of a trading update?
- By Steve Moore |
- 2 February 2023, 16:04 |
Safestyle UK – trading update, how confident on the “return to profitability”?
Previously writing on windows and doors retailer and manufacturer Safestyle UK (SFE), in November with the shares falling back below 25p I concluded that I retained limited confidence on its outlook at that juncture and continued to avoid. The shares last closed at 23p, but are currently edging up today on the back of another trading update, so what’s the story now?
- By Steve Moore |
- 2 February 2023, 14:29 |
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Tom Winnifrith Bearcast: why is 2nd February a big day for me? I just cannot remember
I struggle to remember why I should remember 2nd February. Then, with Kefi Gold & Copper (KEFI) shareholders again jamming my email in box with pointless emails, I squeeze in time to discuss Purplebricks (PURP), Canadian Overseas Petroleum (COPL) where Lucian is - sensibly - adding to his short, Cineworld (CINE), Vast Resources (VAST) and the daft economically illiterate suggestions about extra windfall taxes for Shell (SHEL) and Centrica (CNA).- By Tom Winnifrith |
- 2 February 2023, 13:49 |
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Guild Esports & David Beckham – flagging up a few more recent lies
It has not been a good week for Guild Esports (GILD), deception and lies. Just for the record,, here are a few more that it has told:- By Tom Winnifrith |
- 2 February 2023, 12:09 |
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Immotion – “pleased to announce” disposal agreement and shareholder return. How pleased should it be?
Immotion Group (IMMO) states that it is “is pleased to announce it has entered into a conditional sale and purchase agreement, for the sale of its Location Based Entertainment business… for an enterprise value of $25,211,739 on a cash free/debt free basis. In addition, the company is pleased to announce that it has completed the disposal of Uvisan Limited for cash consideration of £100,000”. So what of a share price response currently up from 2.2p to 3.65p?- By Steve Moore |
- 2 February 2023, 11:54 |
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Iconic – just how many billion shares will be in issue before an RTO?
There are already 39.664 billion shares in issue for Iconic Labs (ICON) a company with a past of disgrace and no business. Today it spelt out in part just how much more confetti will hit the market. Still the morons can’t do the maths.- By Tom Winnifrith |
- 2 February 2023, 10:25 |
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Vast Resources – don’t count your Zimbabwean chickens, the clue is in the release!
Vast Resources (VAST) has today confirmed that it should get back the diamonds it owns but which have been locked up by the Central Bank of Zimbabwe for years. But this does not solve its cash crisis, indeed it’s a confirmation that a bailout placing is needed ASAP. The clue, the morons ignore, is in the RNS.- By Tom Winnifrith, the Sheriff of AIM |
- 2 February 2023, 09:54 |
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The Mid-Week View From The Montana Log-Cabin: Has The Fed Commenced A Handbrake Turn As Gold Rockets?
The correction in the Gold price I was expecting seemed to be slowly but surely getting underway until last night, when the Fed made its latest rate announcement. It had been expected to turn the screw further by hiking rates yet again, after a year of large hikes. But the Fed opted to go for just a quarter point rise.- By Nigel Somerville |
- 2 February 2023, 08:21 |
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The snake oil salesman Arthur Millholland of Canadian Overseas trolls ShareProphets and Tom Winnifrith - this did not age well
On 8 April 2022 I reported Canadian Overseas Petroleum (COPL) and its CEO Arthur Millholland to the FCA, branding the CEO a "snake oil salesman" as you can see HERE. His response issued via RNS on 14 April was a direct attack on me and on this website. He branded his critics as "snake oil salesmen" and false "prophets". He was talking about me. He said critics did not understand accounts and were in it for my their "nefarious" gain. I suggest, never having had a position long or short in Canadian, just being a journalist who trained as an oil analyst I am today vindicated as the company warned it could go bust and its shares collapsed. Millholland's statement is below. It has not aged well.- By Tom Winnifrith |
- 2 February 2023, 08:09 |
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9 Months away – Sharestock now more than 40% booked out! Grab your seat now
The big tent is now booked for ShareStock on September 23 this year. It will seat around 100 folks but already more than 40 of those seats have been reserved. And it is now wonder given who is speaking and all the other attractions. We might even have a jetty for you fisherman to try to grab a salmon or a pike on the day. That project is in hand. But the speakers are lining up.- By Tom Winnifrith |
- 1 February 2023, 16:44 |
Hat tip Evil Banksta - Canadian Overseas ramping just 9 days ago
Today Canadian Overseas Petroleum (COPL) warned that it could easily go bust. It must have known that nine days ago, it is just only now that a prospectus is ready that it has had to 'fess. Yet just nine days ago, knowing what was coming, disgraced CEO Arthur Millholland was ramping hard with a paid for interview on Proactive as you can see below. Shame on Proactive for failing to ask any tough questions of the old rogue. Call yourself journalists? You are just low life investment street hookers. As for Arthur, words fail me. He is a disgrace and should be forced to resign for ensuring folks lost money in this way.- By Tom Winnifrith |
- 1 February 2023, 16:41 |
Harland & Wolff – “pleased to announce” subcontract, but will it deliver what it ‘expects’?
Fabrication business Harland & Wolff (HARL) “is pleased to announce that the company has now formally executed the Subcontract with Navantia UK Limited… the company will be responsible for delivering works which are expected to generate revenues of between £700 million and £800 million to the company by the time the final vessel is delivered”. So what of a current share price response to 18.75p – down over 6% and to a £32.4 million market cap?- By Steve Moore |
- 1 February 2023, 16:27 |
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Tom Winnifrith Bearcast: If I were going to list a fraud in the UK this is what I'd do
I start with this, I promise, hypothetical explanation. Then I look at Canadian Overseas Petroleum (COPL) – ouzo for yours truly tonight. There was not time to discuss another triumph, Guild ESports (GILD) so you will have to make do with my article earlier HERE but I am working on the next exposé of that crock. Then I look at Darktrace (DARK) and Deepverge (DVRG) which might just be a buy. I discuss ShareStock, now almost half booked out even though it is not for almost nine months. You can get more details, discover our latest new speaker and book HERE- By Tom Winnifrith |
- 1 February 2023, 16:23 |
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Made Tech – “delighted to have delivered another period of strong growth”. Really?
Describing itself as “a leading provider of digital, data and technology services to the UK public sector”, Made Tech Group (MTEC) states that it “is pleased to provide a half year update on trading for the six months ended 30 November 2022”. Hmmm, that’s taken a while then, though what of the shares currently having responded 21.5% higher to 32.5p?- By Steve Moore |
- 1 February 2023, 15:09 |
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KERBOOM: Canadian Overseas Petroleum admits to financing crisis – told y’all! Another ouzo day for the Sheriff!
I have warned you all repeatedly that Arthur Millholland is ALWAYS a kiss of death and that his latest venture, Canadian Overseas Petroleum (COPL) had piss poor assets and finances built on sand. As ever, savants such as our own PL cited bullish broker notes and other tosh saying that, as someone who started out as an oil analyst, I just did not understand what a great trade this was. Kerboom, a shock admission at 2.24 PM today means its ouzo for the Sheriff tonight and tears before bedtime for the bulls. The shares are now 8.5p, 45% down on the day, and even more down on the last placing at 20p, nine months ago. Kerboom!- By Tom Winnifrith |
- 1 February 2023, 14:58 |
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PKF LittleJohn failing on the Guild Esports audit… an accountant writes
Last night’s 6.29 PM RNS omnishambles leaves Guild Esports (GILD) at loggerheads with its auditors PKF Littlejohn. A senior Big 4 firm accountant has written to me on PKF’s performance so far. He opines:- By Tom Winnifrith |
- 1 February 2023, 14:08 |
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Why FTSE 100 stocks such as GSK and Vodafone are always worth thinking about (but only one of them is a buy today)
Many, many years ago, I remember somebody saying to me that investing in FTSE 100 stocks was pointless as “everything is priced in very efficiently”. What utter rubbish (as I told them at the time). Whilst the world of large cap stocks is covered by more analysts and mentioned more frequently by the press and financial TV, there are still plenty of opportunities to materially beat the index. And that is why today’s updates from both Vodafone (VOD) and (the previously named GlaxoSmithKline) GSK plc (GSK) are worth (at least) thinking about.- By Chris Bailey |
- 1 February 2023, 12:10 |