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Latest News

ENW
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BREAKING: Ukraine gets ready to steal assets of Enwell Energy

You are not allowed to say this these days but Ukraine is an incredibly corrupt country, normally ranking 2nd in Europe after Russia for dishonesty. So let me first say Slava Ukraini and that we should carry on sending UK taxpayers cash to President Zelensky’s Swiss bank account for as long as he wants. That was a joke BYW. Back to Enwell Energy (ENW) which looks to be well and truly in the merde.
REVB
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BDO LLP & suspended shares – What is going on?

Historically, it was rare for listed companies to delay publication of their audited results. However, it is becoming more common for UK listed companies to have to delay the publication of audited accounts because their auditors have not yet completed their audit work. In the event of severe delays this can result in the suspension of their shares. I have listed below 4 companies which have had to delay the publication of their audited accounts and have had their shares suspended from trading as a result.
Malcolm-Sax-Machine

Rising Cost of Living Puts the Mockers on Togs but Not with this Spanish Giant

Hello Share Trundlers. Despite its techno-sounding name, Inditex sells clothes internationally. And this Spain-based giant has been doing rather well. Even in these cheeseparing times for customers. In the first three quarters of 2022, sales rose by a staggering fifth – apparently, the punters liked the autumn/winter collection.

Bearcast
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Tom Winnifrith Bearcast: Is this the time that Bidstack's James Draper really does go to jail - questions about the interims

I start with some nerd like comments about river and reservoir levels in North Wales. Bear with me. This will be interesting I promise. Then Bidstack (BIDS) and what questions today's shocker begs about the pre-placing interims. Surely the Nomad ( SPARK) and AIM Regulation must investigate. Then Okyo (OKYO) where post podcast recording the company has published interims on its website. Technically it missed the deadline and the FCA - whose conversations with me I discuss - must take this further. As it happens the interims are truly appalling and red flag strewn as I discuss HERE, Then I discuss Lucian's two big oil shorts: Pantheon Resources (PANR) and Canadian Overseas (COPL). He is right on both IMHO. Finally a few words on Helium One (HE1)
OKYO
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Okyo Pharma finally spills the beans – interim results shocker

As I pinged emails to and fro with the FCA about Okyo’s (OKYO) failure to publish proper results on Friday which should have led to a suspension at 7 AM but did not as the FCA is useless, Okyo has ‘fessed to the bad news.
IES
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Invinity Energy Systems – “Project Delivery Update”, what’s the likely financial impact?

On the ‘no one watching o’clock’ day of 30th December Invinity Energy Systems (IES) issued a “Project Delivery Update” which helped the shares up 13.5% to 43p as it included that the company “now anticipate revenues in 2023 significantly ahead of its previous expectations” and that “the prospects for our battery systems have never been more positive”. However, I concluded that it was also a trading warning for its year ending 31st December 2022 and asked how bad was the cash burn in the second half of the year then?. There are now some broker “estimates revised” and the shares are currently slipping back.

GENI
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GENinCode – ‘license approval’, how major an advance in the company's commercial programme?

GENinCode (GENI) has announced “a major advance in the company's commercial programme” – California state licensing approval and CLIA certification of its Irvine laboratory in California, enabling the provision of its products for the risk assessment of CVD to patients across 49 states in the United States. So what’s the detail and what of a current share price response towards 21p, up 170%?!
COPL
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Canadian Overseas – another dollop of deception and death spiral vicar?

Some things in life never change. There is the beauty, innate sophistication, angelic voice and native intelligence of Ms Cheryl Cole for starters. And then there is the ability of Arthur Millholland to enrich himself while obliterating shareholder value by issuing a blizzard of new shares while spunking other folks cash. Whilst I would like to spend the day considering Ms Cole, instead it is Millholland’s latest gravy train (for him) Canadian Overseas Petroleum (COPL) to which I must attend.
TSP

Lobster-Potted TruSpine – Late Results A Dog’s Breakfast And Possible Funding…Or Not! AVOID.

This morning Aquis lobster-potted TruSpine (TSP) finally served up the interim results to September 2022 that it should have released before the calendar year-end. They are truly dreadful – and were accompanied by a funding announcement which may or may not happen. Given the company’s record, I expect a delay, then another delay…..
APTA
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Aptamer – “good visibility on its commercial pipeline going into the second half”. Really?

‘Novel Optimer binders to enable innovation in the life sciences industry’ group Aptamer (APTA) has issued a “Half Year Trading Update” emphasising that “2022 has seen significant progress for Aptamer with the investment in new facilities to create more capacity and an expanded team, especially in sales and marketing” and that it “has good visibility on its commercial pipeline going into the second half, including a further £1.0m of current signed orders, as well as contracts in negotiation and strong expressions of interest across all three business units… remains focused on delivering market expectations for the full year”. So what of a current share price response down almost 7% to 47.5p?
CINE
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Cineworld saves the best until the end – its shares really are toast

Maybe it is a New Year’s Resolution? Cineworld (CINE) appears to to have turned over a new leaf and is, via RNS, now giving some commentary on how its equity is slowly being destroyed completely via the Chapter 11 process that kicked off on September 7.
HOTC
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Chocolate is a sweet treat but you still cannot say the same for Hotel Chocolat shares

Firstly, I would like to wish everyone a Happy New Year. 2023 is going to be an interesting one, but it is not impossible out there and even the average boring institutional investor should do better this year than they did during the last twelve months or so. In short, as always, I enter a new year with the glass being half full and not half empty – as any thoughtful active investor should do. The key is to keep on learning. And all this means that, whilst some stocks are buys today, many others are at best an avoid…which brings me onto Hotel Chocolat Group (HOTC).
BIDS
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Bidstack starts the year with a revenue recognition howler: which Nomad signed off on this garbage?

On the 29th December when nobody was watching, Bidstack (BIDS) snuck out the news that Francesco Petruzzelli was quitting as Managing Director and was resigning from the Board. So it ended 2022 with bad news and it has started 2023 with even worse news regarding the bust up with its major partner Azerion.
OKYO
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EXPLOSIVE EXPOSE: Okyo Pharma – still no real results, the FCA notified and here is what it is hiding!

Okyo Pharma (OKYO) has not updated its website and so has still not filed results which include a P&L, balance sheet or cashflow statement. I have alerted the FCA to this and in a normal world the shares would be suspended. But this is the FCA which will be too busy reading woke porn to actually do anything. So what might Okyo be hiding?
Price-Vs-Value
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DEADLINE 6:59am Tues 3rd Jan: ShareProphets readers tips for 2023 prize competition - ENTER HERE

As who will win the 2022 ShareProphets readers tips competition falls – the result to be revealed on this website over the new year bank holiday weekend, the 2023 competition is now launched. The prize is 1/2 litre of Tom Winnifrith's Greek Hovel olive oil (2023 harvest). To enter, just put in the Comments to this article - on a once per username basis - ONE BUY & ONE SELL PICK FROM THE LSE, AIM casino or AQUIS lobster pot (with the stocks not suspended at the commencement of 2023). Entry closes & prices - buys offer price (and performance measured to bid price) and sells vice-versa - are from before the RNSs start at 7am on Tuesday 3rd January 2023. Steve Moore will again update monthly on how the competition is progressing. Good luck all...
Bearcast
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Tom Winnifrith Bearcast: 4 stocks that I did not quite make my 2023 tips of the year

I discuss manic swings between optimism and pessimism, my own pessimism re the world and UK PLC but my relative optimism on shares. Then I discuss 4 stocks almost making it as my share tips of the year but not quite - 3 sells, 1 buy.
Father Christmas
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The ShareProphets 20 share tips of the year 2023 – No 20 is a SELL from Tom Winnifrith

Between Christmas Eve and the start of the trading year 2023 we will be serving up 20 tips – 2 from each of our writers but six (all sells but that may not be true) from me. Twentieth up is a SELL from myself, Tom Winnifrith. I write….
Father Christmas
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The ShareProphets 20 share tips of the year 2023 – No 19 is a SELL from Tom Winnifrith

Between Christmas Eve and the start of the trading year 2023 we will be serving up 20 tips – 2 from each of our writers but six (all sells but that may not be true) from me. Nineteenth up is a SELL from myself, Tom Winnifrith. I write….
Price-Vs-Value
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ShareProphets readers tips for 2022 competition results. And the winner is...

Having asked for readers tips for 2022 for the prize of 1/2 litre of Tom Winnifrith's Greek Hovel olive oil (2022 harvest) HERE, the following is the competition result (to be eligible needed to have selected, on a once per username basis, a buy & sell pick from the LSE, AIM casino or Aquis lobster pot and the stocks not to have been suspended at the commencement of 2022). And the winner is...

Boom
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2023 – the outlook for Oil, Gas and Energy and oil stocks to buy and sell

I’m sure most readers have picked up a few traits I have. Being blunt and brutal about our ruling classes. Smoking behind the bike sheds at every opportunity, even if it means supporting the illicit undeclared habit of a fellow bear. Being grumpy about almost every listed company in the oily sector. But more importantly why say something in 200 words when 3000 will do just fine, especially when 1% are miss spelt or missing?
In that vein I will prattle on at some length reflecting some history and how I see the energy sector investment world in 2023.
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