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Tom Winnifrith Bearcast: How UKOG can be saved and should I be buying NatWest shares, I am sorely tempted
In today's bearcast I look at Versarien (VRS), Invinity Energy (IES) a change of stance - Skinbiotherapeutics (SBTX), UK Oil & Gas (UKOG), Baron Oil (BOIL) and NatWest Group (NWG).- By Tom Winnifrith |
- 16 February 2024, 16:35 |
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Dialight – reckons after 10 years as a director of the company, CEO and board both decided on the same day that the CEO would leave!
Considering itself a “global leader in sustainable LED lighting for industrial applications”, Dialight (DIA) has announced a CEO change with non-executive director Steve Blair to now become CEO as “by mutual agreement with the board, Fariyal Khanbabi has decided to step down as Chief Executive Officer and as a director of the company with immediate effect”. So the board and Fariyal both just decided, after 10 years as a board director, on the same day that Fariyal would leave did they?!- By Steve Moore |
- 16 February 2024, 16:10 |
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BREAKING: UK Oil & Gas, Oh Dear, Oh Dear – the shareholders are revolting, 0p here we come!
Earlier today I pondered at what price UK Oil & Gas (UKOG) could get away the bailout placing it needs as it is running on vapours as its shareholders voted on a share consolidation. But, as Mike Walters would have said as another of his share tips (did he tip this POS, it is right up his street?) went tits up, oh dear, oh dear.- By Tom Winnifrith, the Sheriff of AIM |
- 16 February 2024, 15:16 |
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Microsalt: wonder IPO or ludicrous price?
Microsalt (SALT) tried to raise £10-15 million ahead of an IPO last October but for some unexplained reason, Nomad Zeus postponed the IPO. On 1 February it joined the AIM sewer after raising £3.15 million gross (£2.5 million net) at 43p giving an £18.5 million valuation. Today, after announcing what it termed a “vital” deal earlier this week, the shares are 112.5p so valuing it at just over £48 million. Really?- By Tom Winnifrith, the Sheriff of AIM |
- 16 February 2024, 14:27 |
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XP Power – from “expect that market conditions will improve as the year progresses” to “significantly below market expectations” in just 5 weeks!
An 11th January trading update from XP Power (XPP) which, not-modestly, describes itself as “one of the world's leading developers and manufacturers of critical power control solutions for the Industrial Technology, Healthcare and Semiconductor Manufacturing Equipment sectors”, stated that the company continued to expect 2024 “market conditions will improve as the year progresses… our performance will be supported by the actions taken to reduce our cost base and we will continue to respond decisively to market conditions as they evolve. We will provide a further update and outlook with our full year results announcement”. So what now already another “Trading Update”, despite the full year results announcement not scheduled for until March 5th?- By Steve Moore |
- 16 February 2024, 14:27 |
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UK Oil & Gas – as we await share consolidation what price the next bailout placing? And where does this leave Dave Lenigas and Pennpetro?
I write as UK Oil & Gas (UKOG) holds aa GM to approve a share consolidation. Like so many penny dreadfuls its shares have collapsed below par value of just 0.01p and it must therefore undertake a capital reorganization slashing par to just 0.0001p to allow it to issue even more worthless confetti. And boy does it need to issue shares.- By Tom Winnifrith |
- 16 February 2024, 11:58 |
Video: Poking Bears And Black Swans
Analyst Dave Kranzler has a number of stark warnings of doom for stockmarket bulls but starts this podcast with a discussion of the Tucker Carlson Vladimir Putin interview, something I shall be covering later in my next Russia/Ukraine podcast.- By Tom Winnifrith |
- 16 February 2024, 11:03 |
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Jubilee Metals – Zambia copper expansion progress, Buy
Jubilee Metals (JLP) has issued an update on its copper expansion in Zambia, including that it “is well on track of achieving its initial target of 25,000 tonnes of copper per annum”.- By Tom Winnifrith & Steve Moore |
- 16 February 2024, 10:19 |
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Letter to the FCA: What is stopping you forcing a statement from the Supply@ME Capital fraud?
Following the collapse in the share price of sister company Dispensa (DISP) following advisor auditor resignations and plans for a delisting, surely even the woke dullards at the FCA must be getting worried about Supply@ME Capital (SYME), another joke admission to the Standard list thanks to the incompetence of er…..the FCA. I have dropped it a note regarding a January 31 deadline.- By Tom Winnifrith |
- 16 February 2024, 10:08 |
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Mattioli Woods – interims, growth and recovery Buy
Wealth and asset management company Mattioli Woods (MTW) has announced its results for its half-year ended 30th November 2023 and that it is well positioned to take advantage of the growth opportunities in the UK wealth market.- By Tom Winnifrith & Steve Moore |
- 16 February 2024, 09:20 |
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Crossword Cybersecurity – after “trading update” cash position that dare not speak its name, what of a “Partnership” RNS Reach announcement?
Crossword Cybersecurity (CCS) has announced that it is “very pleased” to have finalised an agreement with New York Stock Exchange-listed TD Synnex (NYSE - SNX) and “to amplifying the reach and exposure of Trillion through the distributor's vast network”. So what of currently a share price response to 4.25p, 17.5% lower?- By Steve Moore |
- 15 February 2024, 16:00 |
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Tom Winnifrith Bearcast: Diversified Energy and its share price obsession - another red flag
In today's Bearcast I look at the eminently shortable Diversified Energy (DEC), Premier African Minerals (PREM) run by George (Cock)Roach, the fraud Supply@ME Capital (SYME), Close Brothers (CBG), BlueJay (JAY), Skinbiotherapeutics (SBTX), and BSF Enterprises (BSFA) - discounted placing ahoy!- By Tom Winnifrith |
- 15 February 2024, 15:10 |
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Is Stuart Ashman lying again?
My real beef with Stuart Ashman, the CEO of Skinbiotherapeutics (SBTX) is not his grotesque pay package and the fact that he snaffled a pay rise last year when his company headed backwards operationally. Nor is it that he tells overt porkies with his “Rules are rules” claims. My real gripe is, as explained in bearcast today, how poor decisions made by him have cost we loyal shareholders badly. Losing 2/3 of the share price in less than three months is worse than careless. But back to the lying.- By Tom Winnifrith |
- 15 February 2024, 14:29 |
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DSW Capital – from late-November “activity levels continuing to improve” to “the improving trend… has stalled” already!
Describing itself, quite unspecifically, as “a profitable, mid-market, challenger professional services licence network and owner of the Dow Schofield Watts brand”, DSW Capital (DSW) has issued a “trading update” including that it “now anticipate FY 24 adjusted pre-tax profit to be in the range of £0.6m to £0.7m… cash balance of £2.7m at 31 January 2024”. What of those and the outlook compared to a currently more than 17% lower share price in response at 50p?- By Steve Moore |
- 15 February 2024, 13:45 |
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Toxic Dave Sefton suffers yet another business blow up
Shareholders in Iconic Labs (ICON) and Anglo African Oil & Gas (AAOG) both suffered massive losses due to the poor management of their respective business by Toxic David Sefton. I can report that Toxic Dave’s reverse Midas touch remains.- By Tom Winnifrith |
- 15 February 2024, 12:21 |
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The UK is in recession – three points you may not have twigged made by an economics nerd
The headlines today are clear. Two successive quarters of GDP shrinkage means that the UK is officially in recession. Cue all sorts of comments which usually say more about those making the comments than about what is going on. Let’s start with Brexit.- By Tom Winnifrith |
- 15 February 2024, 12:02 |
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Gattaca – “pleased to report… trading in line with current market expectations”. Er, is it though?…
Shares in specialist 'STEM' skillsets staffing company Gattaca (GATC) most recently closed at 125p and today a trading update in which CEO Matthew Wragg is “pleased to report the group is trading in line with current market expectations” and that a “strategy to invest in business development is starting to bear fruit, with two large client extensions and two more Managed Service Provider wins for the group in H1 and a growing pipeline”. So what of a currently down towards 110p share price?- By Steve Moore |
- 15 February 2024, 11:19 |
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Oxford Cannabinoid completes January 30 fundraise – now it needs another one to avoid insolvency by July (or earlier)
The fragrant Warwick University philosophy student who is running Oxford Cannabinoid (OCTP) into the ground, Ms. Clarissa Sowemimo-Coker is delighted to announce that the subscription element of the £1.1 million net 0.5p per share fund raise announced on January 30 has now completed. Already the bid is, at 0.47p, below the fundraise price, always a bad sign as the new shares do not start trading until 20 February. But worse is to come.- By Tom Winnifrith |
- 15 February 2024, 10:10 |
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Iconic Labs gets AGM approval to issue billions more shares, will it set a new confetti issuing record in 2024?
Iconic (ICON) successfully passed all its AGM resolutions on 13 February and in each case over 90% of votes were cast in favour of the resolutions but under a third of shareholders bothered to vote.- By Tom Winnifrith |
- 15 February 2024, 10:05 |
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Kefi Gold & Copper – Tulu Kapi update, an upcoming financing and project launch catalysts Strong Buy
Kefi Gold & Copper (KEFI) has issued a “Tulu Kapi Gold Project Update” including the big news that “all the other parties in the funding syndicate, have advised they will this month go to their respective committees to approve the proposed transaction” and that contractors have all reaffirmed to enable full project launch in the current half-year as previously outlined. This very good news has currently helped the shares up approaching 14% at 0.675p to buy, but there looks much more upside to come.- By HotStockRockets |
- 15 February 2024, 08:50 |