I commented a few weeks ago on Spinnaker Opportunities (SPAQ) explaining exactly why it was !an over-priced nest of vipers”.  But as of yesterday it claimed to have showed that it was committed to “good corporate governance and to our diversity of thinking.” Andy Morrison you do not half talk bollocks.

After the farce of the diabolical and unaudited annual results for the year to March 31 issued at 6.25 PM on August 31 attention now turns to the annual report and AGM of the Chill Brands (CHLL) fraud. Today the company is posted its required 21 day notice that the AGM will be held at 4PM London time in the US on 30 September. All well and good, but…

Previously writing on TP Group (TPG), last week I noted Science Group (SAG) considered that a boardroom change General Meeting requisition notice “should be despatched to TP Group shareholders by no later than Monday 6 September 2021 and convened on or before 4 October 2021. Science Group anticipates making further statements in relation to the TP Group general meeting in due course”. TP Group has now announced that the notice has been posted and its defence against the resolutions…

It is just over 25 years since I first analytically appraised the multinational packaging business DS Smith (SMDS). It was a very different business back then as the world of paper and plastics in the 1990s was relevant but dull (in other words the perfect space to write an analytical dissertation for my postgraduate Finance and Investment course). Life has rolled on at multiple levels but I have been excited by this name for the last couple of years, last noting in June that I ‘typically loving-up its exposure to e-commerce delivery box-making…along with a capability for sustainable packaging solutions, paper products and recycling services worldwide’. It is good to see the new year-to-date high this morning following the publication of its AGM update (even though the share did reach a slightly higher level back in 2018).

After the July lack of profits warning, you might have thought that interims today from Parsley Box (MEAL) could not make things any worse. You would be wrong. Anyone buying into the IPO on March 31 when the company raised £5 million and existing shareholders dumped £12 million of shares, would look at the unfolding horror and feel physically sick. This is what happens in bull markets, shit floats, smart folks cash out and fund managers show they are as dumb as anyone else and buy into it all, albeit with other folks’ cash.

Hello Share Minders. My favourite house builder is on track. It expects to make a full-year pre-tax profit of about £518 million and possibly more. For this we can thank rising house prices and tighter efficiency. The firm says future orders are now similar to levels before covid.

I start by looking at a new normal and justifying a £50 million valuation. Then there is a look at the most almighty spoof from Marechale Capital (MAC) run by upper class twit Mark Warde-Norbury. How on earth did Nomad Cairn Financial sign off on this bollocks announcement regarding Weardale Lithium? Thirty seconds at Companies house shows what a farce this all is as I explain in full detail.

EnQuest (ENQ) has announced its results for the first half of 2021, emphasising strong free cash flow, that it remains focused on improving production across the portfolio and that the Golden Eagle acquisition remains on track to complete around the month-end and will add production, reserves and cash flow.

Powerhouse Energy (PHE) today issued a release to clarify media speculation about a possible tie up with Hydrogen Utopia (HUI) and Linde. Really. Maybe that was prompted by HUI issuing its own release yesterday HERE. So much for everybody playing by LSE listing rules.

Yesterday I was reviewing Lucian Miers’ big 5 small cap shorts with the great bear over breakfast. Breakfast BTW was porridge with homemade stewed apples (from the Welsh Hovel) in cinnamon. In the podcast, I discuss last night’s culinary fare but then probe Lucian on what he sees as critical mid and end points for each of his 5 UK small cap big shorts: Tern (TERN), Versarien (VRS), Chill Brands (CHLL), Supply@ME Capital (SYME) and Eurasia Mining (EUA).

NFT Investments (NFT) is like Dispersion Holdings (DEFI) an investment company listed on the Aquis lobster pot. The chancers who own most of the shares thanks to pre IPO funding at a huge discount to the IPO are the same crew led by Mike Edwards and Jonathan Bixby. Scumbag broker Novum raised most of the cash, £11.2 million for Dispersion and £35 million for NFT. And the connections do not end there.

Self-styled “precision marketing software” company Pelatro (PTRO) states it “is pleased to announce a trading update ahead of the release of the interim results for the six months ended 30 June 2021”. Hmmm – more than 2 months for even a half-year trading update? At least it includes “full confidence in meeting its revenue target for the year”…though what is that and what does it mean financially overall?…

AIM-listed Haydale (HAYD) has announced a Memorandum of Understanding with a company called Viritech Limited via and RNS Reach this morning. Of course, and RNS Reach is not a full RNS and should be treated more as marketing material, certainly with no implied financial impact. A trip to Companies House shows us why……

I assume most readers have come across the news that gas prices have been roofing it recently, but as always I realise I probably watch gas and oil price changes closer than most so maybe not. So I thought it was worth highlighting some of my thinking on what this means for some investment cases.

I have written a few times, most recently HERE, about the ‘development and marketing of veterinary products’ company Dechra Pharmaceuticals (DPH). Whilst I remember being very impressed by it many years ago when it listed, I concluded back in late February that it may have said ‘thanks to the love of dogs (and Brexit fears)’ but it did not work for me. Since then the stock has pushed up even further although – as noted last week – insufficiently to join the FTSE-100. And the shares are down by more than 7% as I write, so what is going on?

Hello, Share Swipers. The building trade seems to be thriving. Most house builders are reporting strong sales, heftier house prices and rising profits. Where people can’t buy new homes, they’re using some of the extra time at home caused by covid to carry out improvements.

This is my shortest bearcast ever. Having picked Lucian’s brains, I promise you two tomorrow.

And it won’t be different this time!

It has been a really good last year to be a Headlam (HEAD) shareholder but here  a couple of months ago I felt there was more to come, and I was pleased to read these thoughts here from Tom and Steve observing their appreciation hopes too.  So is there any reason to change tack after the company’s first half numbers out a few days ago?

Here are five long reads that have nothing to do with shares. Put the kettle on, find a comfy chair. You have the time, don’t you?