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Latest News

BP

Gas from the City Dump could Make BP's Rising Share Price Burn Even Brighter

Hello Share Folks. May I alleviate some of your guilt if you’re interested in the big oil companies but fear their impact on the planet. They are trying hard to minimise the black stuff and move more into green energy. More evidence of this comes this week from America.

Bearcast
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Tom Winnifrith Bearcast: Up the Town! Why can't Avacta tell the truth?

I start with a joke about covid and public sector workers, well the Mrs to be exact then a bit of football news. Then I look at Avacta (AVCT), Finncrap (FCAP), Sosandar (SOS) and Chill Brands (CHLL).

CYAN

CyanConnode – ‘a world leader’ “delighted” to raise £0.5 million?!

Describing itself as “a world leader in Narrowband Radio Frequency Smart Mesh Networks”, CyanConnode (CYAN) has announced it has raised £0.5 million via a share subscription at 12.25p per share – stating “considering these uncertain times, your board felt it prudent to accept the offer, the proceeds of which will be used to bolster working capital”.

Bearcast
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Tom Winnifrith BONUS Bearcast - a bad death spiral meets a bad PLC, AMT Energy and Arena , a case study

Not all death spirals are the same and not all companies are the same. But some marriages are certain to end in disaster. AMT Energy (AMTE) meets the death eaters of Arena.

ESYS

essensys – full-year results, was it really ‘good progress against its strategic growth plan’?

Previously writing on flexible workspace technology company essensys (ESYS), in August with the shares up to 63p I questioned is it really “good progress against its strategic growth plan”?. What of now results for its year ended 31st July 2022 and the shares currently down to 52.5p?

AVCT
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BREAKING: Avacta lies as placing raises less than it tried for, takes out £55 million death spiral

When not working out how to bankrupt me with a cunning Greek plan, the morons insisted that there was no placing coming from Avacta (AVCT). Well here we go, time to apologise morons. Today Avacta has raised £7 million at 95p and hopes that an open offer will bring in another £2 million and says “The Company consulted with a number of its major shareholders prior to the Placing and is pleased by the support it has received from both existing and new shareholders.”. I can reveal that is a big fat lie. Two folks who were made insiders havie confirmed that Avacta wanted to raise £15 million but could not. So to say it is “pleased” is just a lie. It gets worse.

AVO
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Advanced Oncotherapy – Yet Another Fundraise As Odey Doubles Down Again

AIM-listed Advanced Oncotherapy (AVO) has announced yet another fundraise – this time for £6 million (before expenses) for the issue of another 24 million bits of confetti and associated warrants at 25p – the par price of the shares (below which it is not permitted to issue stock). The grateful recipient of the latest round of paper? Step forward clients of Odey Asset Management as Crispin Odey’s outfit doubles down yet again.

BOO
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BooHoo has the strength to ride out the current economic weakness and benefit longer term from its continued growth and investment - recovery buy

Earlier this year I took a look at online fashion retailer BooHoo (BOO) and noted that whilst I saw long term value from the share price at the time, it could well get even cheaper in the near term.

IBST
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More on Ibstock and why clay bricks should give you the horn

Whilst there are a bunch of issues to address regarding the markets, politics and sensible economic policy, I am going to think a bit more about stocks and shares today. And my interest again is centred on the “leading UK manufacturer of clay bricks and concrete products”, Ibstock (IBST).

SOS
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Sosandar: Sales Vanity, Profit Opinion But CASH Is Reality

AIM-listed online ladies fashionwear purveyor Sosandar (SOS) served up a half-year (to September) trading update this morning. The highlights were appealing: revenues up 72% year-on-year and a profit before tax of £0.1 million made good reading. But as Tom Winnifrith oft opines, sales is vanity and profit is a matter of opinion: what really matters is cash.

MIND

Mind Gym – emphasises “Significant H1 momentum driving growth”, but how effectively?

Behavioural science-based business improvement company Mind Gym (MIND) has issued a trading update headlined “Significant H1 momentum driving growth in H2 and FY24”. So what of a current share price response up to 97.5p?

KMK

Kromek – is it right to be “delighted” with its digital detectors news?

Kromek Group (KMK) states that it is “delighted that our CZT detectors have been integrated into Spectrum Dynamics' VERITON-CT 400 SPECT/CT systems… the world's first digital SPECT/CT scanner for higher energy imaging”. So what of the shares currently up approaching 6% to 8.35p?

Gold

Video:Metals are Close to a Bottom, Just Waiting on the Fed

Money manager David Brady explains why sentiment is a fantastic contrarian indicator for the metals sector.

Bearcast
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Tom Winnifrith Bearcast: Zak Mir, Powerhouse and DOM Howard White - you could not make this stuff up

I start with the latest  "let's get TW hate campaign" with, this time, Avacta (AVCT) owning morons leading the charge. Suffice to say if folks this dumb are long you know to be short. Then onto ADM Energy (ADME), Deepverge (DVRG), ASOS (ASC), Sosandar (SOS), Boohoo (BOO), Wildcat Petroleum (WCAT) and then the laugh a minute show at Powerhouse (PHE), now at 1.65p a compelling short thanks to the antics of PR man posing as a journalist Zak Mir.

BOOM
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Told y’all: Audioboom – profits warning but fear not more jam tomorrow

Across the West if we are not already in a recession, we are teetering on the edge of one. And, as such, everybody who is reliant on advertising income must have known what was coming. Except, it seems Audioboom (BOOM).

MJH
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MJ Hudson Group – expected “audit adjustments”, the vanity of revenue and manipulated bullshit earnings of Adjusted EBITDA?

Service provider to the asset management industry specialising in private markets, MJ Hudson Group (MJH) has announced expected “audit adjustments”, though also that those “are all non-cash in nature and do not have an impact on the operating performance of the group in the current year… Current trading in FY 23 is encouraging”. So what of a currently approaching 30% lower share price to 16.5p?

AVCT
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Avacta Bulletin Board Morons discuss Greek dirty tricks against me – bring it on you morons, you are just so dumb!

My crime is to point out that Avacta (AVCT) needs to do a fund raise. My cats can do the maths. My one year old daughter can do the maths but still pointing this out is, among the faithful, seen as a crime in itself. But they have a cunning plan…truly even Baldric could not be this stupid.

HL
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Hargreaves Lansdown and its trading update ignoring an elephant in the room called Neil

Did you read Tom’s article yesterday titled “Lies, Damned Lies and The Mail's Jeff Prestridge on Neil Woodford as Hargreaves Lansdown faces a class action”? It was a really good read and raises a number of interesting questions. I don’t know about you, but class actions are generally worth a bit of a mention if you, conceptually, are giving a trading update a day or two later. And that brings us onto this morning’s trading update from Hargreaves Lansdown (HL.).

RM

RM plc – further profit warning, as warned its stated “revenue momentum” was not so “encouraging”!

In August, writing on provider of technology and services to the education sector RM plc (RM.) I argued its stated “revenue momentum” was not so “encouraging” and, with the shares down to 65p, Bargepole. Now a further trading update.

EVE
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Boom to bust in 5 years on AIM, Neil Woodford baby Eve Sleep – a few lessons as £52m goes to money heaven

Eve Sleep (EVE) floated on AIM in May 2017 just two years after it started trading. It brought in Paul Pindar which had listed Purplebricks (PURP) the disruptor – no sniggering at the back – of estate agencies to help disrupt the world of mattresses which also needed disrupting. And Neil Woodford, whose funds owned 18% after an IPO which raised £32.8 million, was not the only fund manager who was made to look like a fool. Here is Luke Hakes of Octopus writing just after the IPO:

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