Wincanton – “current year in line with market expectations”, but what about the outlook?
Logistics company Wincanton (WIN) has issued a “Q3 trading update” including emphasising “year-to-date, we have delivered encouraging revenue growth of 5.5% and the pipeline of new business opportunities continues to increase”. So what of a share price currently down 4% in response and the shares, now at 327.5p, down from above 370p as recently as November?- By Steve Moore |
- 13 January 2023, 16:10 |
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Tom Winnifrith Bearcast: Revolution Beauty's bosses should be in jail, if this is not massive fraud what is?
In today's podcast I discuss the naivete of the spider kisser over Coro Energy (CORO) but my main focus is on the fraud at Revolution Beauty (REVB). How on earth are Tom Allsworth and Adam Minto not heading for jail. And as for the shares....- By Tom Winnifrith |
- 13 January 2023, 15:56 |
Dialight – after stating in mid-December “trading expectations… remain unchanged” for 2022, what of now a profit warning?!
Previously writing on LED lighting for industrial applications company Dialight (DIA), in November with the shares at 305p I concluded including that there can be no great confidence in expectations for the full year remaining unchanged. On 14th December the company announced that Chair Karen Oliver was to “step down” at the end of the month but that its “trading expectations for the year ending 31 December 2022 remain unchanged”. So what of the shares currently down more than 16% today at 266p on the back of a “trading statement”?
- By Steve Moore |
- 13 January 2023, 14:19 |
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BREAKING EXPOSE: This looks a lot like Home REIT - a bear dossier on ICG-Longbow Senior Secured UK Property Debt Investments Limited, a LSE listed fund
This bear dossier on ICG-Longbow Senior Secured UK Property Debt Investments Limited (LBOW) a Guernsey domiciled, closed-ended, premium listed investment company on the London Stock Exchange has been passed to me for publication, I have edited it and I take full responsibility. This article goes out in my name. In many ways it looks a but like Home REIT (HOME)- By Tom Winnifrith |
- 13 January 2023, 13:26 |
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Coro Energy: The Sheriff of AIM vs The spider kisser Gary Newman, its ouzo for the Sheriff already
Back on December 8 2022, poisonous spider kisser Gary Newman tipped Coro Energy (CORO) at 0.31p HERE. I then explained why Garry should stick to snogging spiders as anyone tipping a James Parsons run company was bonkers. The shares are now just 0.24p mid and there is an RNS that the market is yet to digest. It is horrific.- By Tom Winnifrith, the Sheriff of AIM |
- 13 January 2023, 13:03 |
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Colin Bird you shameless old spoofer – time for Xtract shareholders to lube up, placing imminent
After decades as a penny share grifter, Colin Bird is a multi-millionaire. Unlike any of the other shareholders in the companies he manages. It is within that context that you should note a share purchase in Xtract Resources (XTR) announced today.- By Tom Winnifrith, the Sheriff of AIM |
- 13 January 2023, 11:37 |
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Don’t expect me to buy DFS Furniture shares (or a new sofa)
A couple of months ago, I was very downbeat (again) about the prospects for the shares of DFS Furniture (DFS) even with it describing itself as “the market leading retailer of living room and upholstered furniture in the United Kingdom”. Whilst the shares have nearly halved over the last year, as a bunch of people have realised they either cannot afford a new sofa and/or have better things to be doing with their money, the stock has pushed up over the last couple of months. What is going on?
- By Chris Bailey |
- 13 January 2023, 10:05 |
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Deep Dive Analysis of Supply@Me Capital – Cash crisis by April Fools Day
The fraud Supply@ME Capital Capital (SYME) has not issued a full year trading update, so we can safely assume there were no material new sales to boast about other than the first Inventory Monetisation transaction funded by VeChain which saw Euro 1.6 million of inventory monetised. At Supply’s claimed revenue percentage fee of 3% this is worth a tiny Euro 48,000 in revenue and almost certainly no profit on the trade at all.- By Tom Winnifrith |
- 13 January 2023, 09:33 |
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Gary Newman in the jungle caption contest, just 1 oz away from saying size is important
This is Gary holding a Butterfly Peacock Bass he caught while dodging poisonous spiders in the jungles of Suriname over Christmas. He claims it was just 1 oz shy of being the biggest ever caught. With a no prize on offer you are allowed to mention James Parsons in suggesting a suitable caption in the comments section below. Deadline midnight tonight.- By Tom Winnifrith |
- 13 January 2023, 08:20 |
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Tom Winnifrith Bearcast: Happy Birthday to Me, only NOT a pensioner now thanks to Steve O'Hara!
Yes its my birthday. Ahead of a cake made by the Mrs and a takeaway from what I am told is the finest Indian in Wrecsam, I discuss musicmagpie (MMAG) in depth, Argo Blockchain (ARB) en passant and Trustpilot (TRST) in depth.- By Tom Winnifrith |
- 12 January 2023, 16:22 |
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Distil – trading slump and further financials decline, management fooling themselves or trying to fool everyone else?
Previously writing on alcoholic drinks company Distil (DIS), in October as the falling shares saw the market cap down to below £6 million I cautioned still due to stated “opportunity for new growth” and “a new, highly effective distributor” having to be proven and amidst an admitted backdrop of macro uncertainty and cost pressures. The last closing market cap was just above £6 million… but then today a “trading update”.
- By Steve Moore |
- 12 January 2023, 14:45 |
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Asiamet Resources has been a terrible investment for me so far, but I'm still hopeful that it could reach production in the end
Whilst I’ve been away fishing in the jungle for the past month, I notice that Asiamet Resources (ARS) has issued a couple of RNSs, including a new Memorandum of Understanding that it hopes will help move its BKM project towards the production stage.- By Gary Newman |
- 12 January 2023, 13:54 |
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Home REIT – massive warning just as the bears warned: management credibility zero, were investors misled on arrears?
The management of Home REIT (HOME) do not even dare to put their own name and contact details on RNS releases these days, instead hiding behind the very well paid skirts of the journalist smearing PR firm FTI Consulting. And who can blame Home’s craven managers today for it has had to serve up a shocking admission.- By Tom Winnifrith |
- 12 January 2023, 12:37 |
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Virgin Wines UK – argues “one-off factors” sales impact, but what about the rest of the decline?
Previously writing on online wine retailer Virgin Wines UK (VINO), in October with the shares at 50p I noted ‘full-year results argue “resilience”… but it’s financial downgrades AGAIN’ and concluded it is particularly the cash flow and balance sheet to monitor here and the trading trajectory sees me continue to avoid. The shares last closed at above 70p but are currently back towards 50p on the back of a “trading update”, so how’s that trading trajectory?
- By Steve Moore |
- 12 January 2023, 11:50 |
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EXPOSE: Versarien – can it possibly dodge a huge intangible write off when results are published?
When Versarien’s (VRS) results for the extended month period ended 30 September 2022 are published before the end of January 2023, I am expecting them to be a piss poor sea of red but will they also be impacted by an impairment charge for the Graphene business intangible assets?- By Tom Winnifrith, the Sheriff of AIM |
- 12 January 2023, 11:46 |
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Another day – another disgraced penny stock to leave AIM: Morses Club
With its former CEO clearly guilty of insider dealing, with its balance sheet trainwrecked by, as yet unquantified, mis-selling, Morses Club (MCL) has announced that it is leaving the AIM sewer. Why, surely its CV makes it just the sort of company that Marcus Stuttard, the bogus Sheriff of AIM, wants to attract?- By Tom Winnifrith, the Sheriff of AIM |
- 12 January 2023, 11:24 |
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Procook does a Nightcap and plays fast and loose with reality in trading statement
Just like Nightcap (NGHT) yesterday, Procook (PROC) has served up a trading statement which plays fast and loose with reality. Its intent is not to inform but to mislead.
- By Tom Winnifrith |
- 12 January 2023, 10:44 |
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Busy Christmas results Thursday – Wood Group, Tesco, Whitbread
There are a lot of corporate updates of interest today, but there are three I wanted to immediately comment on.- By Chris Bailey |
- 12 January 2023, 10:34 |
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NFT Investments – you could not make this up
NFT Investments (NFT) likes to describe itself as an “incubator specialising in the market for non-fungible tokens (NFTs).” Some of us view it as a puffed up promote created and run by the chancers Jonathan Bixby and Mike Edwards. For we sceptics today an announcement. As Richard Littlejohn might say “You couldn’t make this up.”- By Tom Winnifrith |
- 12 January 2023, 10:01 |
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Tom Winnifrith Bearcast: Why Argo really is worth 0p
In today's podcast I look at nanosynth (NNN) and why its RNS crimes do matter, Argo Blockchain (ARB), Kefi Gold & Copper (KEFI), Reach (RCH), Cellular Goods (CBX) and Colin Bird POS Tiger Royalties (TIR) where data today shows how a recent placing only postponed death.- By Tom Winnifrith |
- 11 January 2023, 16:56 |