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Latest News

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:

GRG

Ever So Popular Greggs could Make More Dough for Shareholders as New Stores Rise to the Challenge

Hello Share Turners. There are even fewer companies I would recommend in these dark days for shares. But one which should weather the storm and even grow faster is widely favourite baker Greggs (GRG).

AMRQ
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Amaroq Minerals – shares to recover following recent news flow and more ahead: BUY

Shares in Amaroq Minerals (AMRQ), formerly AEX Gold (AEXG), were above 40p in August before recently falling back to below 35p. They’re now back above 35p and we look for further recovery on upcoming news flow and sentiment improving.

Bearcast
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Tom Winnifrith bearcast: Avacta placing at 80p? 3 signs we are in a bear market

On Avacta (AVCT) I ask the question. Then I look at 3 signs that we are in a real bear market mentioning, en passant, ADM Energy (ADME), Deepverge (DVRG), Colin Bird's Tiger Royalties (TIR) and redemptions at OEICS..

HL
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Lies, Damned Lies and The Mail's Jeff Prestridge on Neil Woodford as Hargreaves Lansdown faces a class action

The Mail on Sunday's Jeff Prestridge has a scoop. There is a class action being launched against Hargreaves Lansdown (HL) for telling customers to buy Woodford funds when it was already aware that there were problems so bad that its own funds of funds were selling Woodford units. Good news. All those who stuffed folks into Woodfgord and ignored warnings that we started flagging up in 2015 should be held accountable. So who else was a massive Woodford supporter from 2015 until the funds were gated in 2019, even saying there was nothing to worry about the day BEFORE the gating? Er...

RNK
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Me, my two visits to a casino and the Rank Group share price shocker

I appear pretty useless over the last few years when voting for the next Conservative Party leader (and Prime Minister).  After all a few years back, I voted for Jeremy Hunt (whatever happened to him?!) rather than Boris Johnson and - a couple of months ago - Rishi Sunak got my vote and not Liz Truss (where an even smaller number of members agreed with me).  My big issue with the latter started on day one of the campaigning when she loved up the performance and tactics of the Bank of Japan. Unbelievable…and no wonder the mini-budget of a few weeks ago was such a shocker.  More on politics and the economy and markets over the next few days…but today I want to talk (again) about Rank Group (RNK).

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