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Latest News

Bitcoin

Video: crypto is just beanie babies

Writer, Robert Moriarty, is a cheerful bear. He discusses the capital destruction that has occurred within both the cryptocurrency and stock markets. He believes crypto is analogous to beanie babies, due to the number of different currencies.

SYME
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Letter to FCA – Alessandro Zamboni of the Supply@ME Capital fraud: statement overdue on possible covert share dumping

I have written to the FCA, which is the regulator - no sniggering at the back, please - of companies on the (sub) Standard List, like the fraud, Supply@ME Capital (SYME). A statement is now overdue, for clarification of whether or not its boss, Alessandro Zamboni, has covertly dumped shares.

ELCO

Eleco – “pleased to provide” half-year trading update, valuation still too high?

Previously writing on construction software company Eleco (ELCO), in May with the shares down to 88.5p I concluded that the valuation didn’t look to discount the risks and thus still avoid / sell. What though now with the shares last closing at 70p and a trading update the company states it “is pleased to provide”?

MMAG
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musicMagpie – why must banksters find new ways to lose money?

The answer to the question is that they don’t because the old ways of blowing up their balance sheets already work jolly well.  And that brings us to musicMagpie (MMAG) a company with a proven fraudster one missed heartbeat from the helm, which has no real USP, which has deceived its investors and is burning cash. Great! That sounds like just the sort of company a bankster would want to do business with as we enter a recession. Coke and hookers all round. Today we learn that NatWest and HSBC have offered it a three year RCF, an overdraft for corporates And boy will music need that cash.

Bearcast
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Tom Winnifrith Bearcast: 2 spoofs and a dog's dinner at Parsley Box

I start with the business, the spoofs at shamed Union Jack Oil (UJO) and Hydrogen Utopia (HUI), where the Aquis DOM of the year is yanking your chain.  Then, onto today's appalling trading statement from Parsley Box (MEAL). I run you through the implied maths, rather than its adjusted EBITDA and other fantasies, demonstrating why by this time next year, it will have gone bust.  It is a zero, however much the bird in charge protests otherwise. Target price 0p by July 2023.

CPG

Compass Share Price Likely to Point North as Latest Numbers Please

Hello Share Tasters. The number of folks eating away from home is growing. Just look around your high street to see that. After the lockdowns it seems everyone has missed the joys of not doing their own cooking. One company which is benefitting from this trend is Compass Group (CPG). A latest trading statement, for its third quarter, seems to show that.

MHC
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MyHealthChecked – trading ahead of expectations and further share price catalysts

MyHealthChecked (MHC) has announced half-year trading “has been stronger than expected and ahead of management budgets”, that increase in COVID-19 infection rates has led to a significant increase in demand for lateral flow test kits in recent weeks and that it is “very pleased” with the feedback around its recently-launched wellness tests – for which it has now also announced availability on Amazon.

SHOE

Shoe Zone – expectations again proving too pessimistic, and to do so again?

Footwear retailer Shoe Zone (SHOE) has announced “trading has been stronger than expected… now expects adjusted profit before tax for FY 2022 to be not less than £9.5m”. So what of a current share price move up by 3% to 190p?

Bearcast
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Tom Winnifrith Bearcast: chatting to a whistleblower

I start with the Tory leadership contest. Aren't they both awful?  Then, I discuss chatting to a whistleblower. After that, it is onto Reach (RCH), Toople (TOOP ) - surely the FCA must act - Wickes (WIX), Made.com (MADE) and the fraud, Supply@ME Capital (SYME).

MADE
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Made.com – the grim wheels of death grind faster: target price 0p

It gives me no pleasure seeing companies heading toward bankruptcy. I do not care about institutional investors losing money. I feel some sympathy for private investors, almost certainly roped in by some newspaper tipster or those pushing low grade broker research. But I do feen genuinely sorry for staff and suppliers who will have their lives turned upside down. That6 brings us to Made.com (MADE).

TOOP
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Toople dire interims, insolvency looms and is it admitting to lying to investors about money?

Toople (TOOP) has always been a dog with fleas and anyone owning the shares, down another 28% today to 0.021p has only themselves to blame – the loss since launch is now 99.75%.  But today’s statement seems to contain an admission of an obvious and monstrous lie told in an RNS before Christmas. Is low life adviser Novum happy with its clients lying to investors? I suspect it doesn't care as long as it is paid but I'd hope that the FCA would care.

TST

Touchstar – half-year trading update, how are prospects now?

Mobile data computing and managed services to industry company Touchstar (TST) noted in April-announced results “short-term prospects are being tempered somewhat by a level of inactivity which we believe is a momentary reaction to the present economic and global uncertainty, with some orders being held up”. So what now of a half-year trading update?

EZJ
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Fun (or not) at easyJet, Unilever and Rolls-Royce

I hope you enjoyed a nice start to the week because - if you are an investment markets follower - it is going to get really busy. All good usual late July fun then. I guess I should start with easyJet (EZJ), a company I have become royally hacked off with ever since the cancellation of my flight back home with it in early July.

CNS

Corero Network Security – “pleased to provide” trading update, so why are the shares approaching 9% lower in response?

Describing itself as “a leading provider of real-time, high-performance, automatic Distributed Denial of Service cyber defense solutions”, Corero Network Security (CNS) has issued a half-year trading update it states it “is pleased to provide”. So why currently a more than 8.5% lower share price response towards 10p?

AAU
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Ariana – New Exploration Licence

AIM-listed Gold producer Ariana (AAU) has announced the approval of a new exploration licence to  75%-owned Western Tethyan Resources (WTR). This is, of course, good news – even if it is not the news I really want to see.

SSE

Electricity Purveyor Pledged to Produce Cleaner Power could Please the Punters

Hello Share Munchers. On my mission to find shares with a chance of rising in price in a bear market, I’d like to commend this company to your further research. SSE plc (SSE) is an electricity supplier that’s beefing up its investment in the green revolution.

WG
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Wood Group - a Buy (again)?

Last year we banked a more than 40%, less than 7 months, offer-to-bid gain on Wood Group (WG.) at 300.3p. That proved good timing with the shares eventually falling back towards 150p before then recovering to above 250p again. However, they are now available at a 155p offer price and are again a Buy.

Bearcast
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Tom Winnifrith Bearcast: Ordering portable loos, facing being stranded in Greece and talking toothpaste with Skinbiotherapeutics

I start with the trials of ordering portable loos for ShareStock which I have now done. More than 40% of the seats are now taken so with 7 weeks to go please book yours HERE. Then onto how Barclays (BARC) may strand me in Greece and why the Mrs reckons I am wrong on how gay is your stockbroker. Then it is onto Skinbiotherapeutics (SBTX), Optibiotix (OPTI), Ben's Creek (BEN) and Advanced Oncotherapy (AVO).

CEY
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Centamin – Q2 update a mixed bag, but reasons for positivity

Gold miner in Egypt, Centamin (CEY) has announced that it “delivered the planned increase in production during Q2” and notes various upcoming targets and milestones.

XSG

Xeros Technology – new CEO reckons he is to build on “the solid foundations laid”. He in for a surprise then?

Describing itself as “creator of technologies that reduce the impact of clothing on the planet”, Xeros Technology Group (XSG) “is pleased to advise that further to the announcement on 18 March 2022, the board has concluded its search process and Neil Austin will be appointed as Chief Executive Officer, effective 1 August”. So what from here with the shares at 36.5p?

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