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Latest News

Bearcast
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Tom Winnifrith Bearcast: that chat with Steve O'Hara

In today's Bearcast I look at Contango (CGO), Landore (LND), Optibiotix (OPTI),Probiotix and Skinbiotherapeutics (SBTX) and update you on olive harvesting.
EISB
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East Imperial – “pleased to announce the appointment of Allenby Capital”. Er, why might that be?…

Describing itself as a “global purveyor of super-premium beverages”, East Imperial (EISB) has announced an “appointment of Allenby Capital as broker”, stating that “the appointment aligns with the company's strategy of expanding the group's investor base” and that Allenby’s “experience in helping ambitious companies grow will be invaluable to East Imperial as we expand in premium markets worldwide”. Er, a few points on those…
UKOG
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UK Oil & Gas robs the gas meter to pay the electricity meter

Some folks seem to think that UK Oil & Gas (UKOG) received a cash windfall today of £675,000. I am sure that is what CEO Lyin’ Steve Sanderson wants them to think but au contraire.
CTG
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Christie Group – “trading statement”, surely not a warning on trading AGAIN?!…

Previously writing on professional & financial services and stock & inventory systems and services group Christie (CTG), in October with the shares down to 97.5p I noted it stating recovering transactional pipelines but that such pipelines require to be materially net cash generatively converted to really be useful and, with the macro uncertainty, to continue to avoid. What then of today a “trading statement” commencing that “as anticipated, invoicing levels have improved markedly since the end of the summer period and as such the group expects to report an improved second-half performance on that achieved in H1”?

CML
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CML Microsystems – interims, a further growth potential Buy

Semiconductors developer CML Microsystems (CML) has announced results for its half-year ended 30th September 2023 and emphasises that it is positioned well to fully capitalise on the opportunities available in the new and expanding markets in which it operates.
ART
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Artisanal Spirits warning and Adjusted EBITDA hocum schmocum: a bonus Metaxa for the Sheriff

As a perma bear of whisky curator and provider Artisanal Spirits (ART) today’s sales and lack of profits warning comes as no great surprise. It was just 12 weeks ago that the company reiterated its was comfortable with calendar 2023 consensus forecasts. Boy have things changed quickly.
AAZ
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Anglo Asian Mining – a recovery and gold price Buy?...

Shares in gold, copper and silver mining in Azerbaijan company Anglo Asian Mining (AAZ) were above 100p as recently as early in the summer before challenges including resulting from an environmental audit carried out at the behest of the Azerbaijan Government. However, the announcement last month of an “agreement of environmental action plan” with the government meant the company “free to restart all its operations” and, though the shares recovered somewhat on that, we see clear potential for them to exceed 100p again.
WSG
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Westminster Group: the curse of Baldry set to strike yet again?

One of the golden rules of AIM shares is never to own shares in a company associated with slug like ex Tory MP Tony Baldry. It always ends in tears for investors while Baldry troughs it. When Fat Sir Tone became chairman of Westminster Group (WSG) in the summer of 2017 the shares were 16p. Today they are 1.275p, giving a market cap of £4.4 million. But could things be about to get even worse?
LND
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Landore Resources just how bad is its cash crisis?

Today’s junior mining disaster on the AIM Casino is Landore Resources (LND) which has announced that its proposed dual listing in Canada and an associated C$5 million placing has been pulled. Just how much of a financial black hole does it now face? And how soon will it fall into it?
Tom
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Altcast Number 3: are we calling the bottom of the markets and an end to the small cap nuclear winter?

Thanks to the sponsorship of Sure Valley, Riverfort Global & Pires Investments (PIRI) we are expanding the number and quality of speakers and are able to offer up more fun and games at Sharestock on 7 September 2024 - as you can see HERE. In this third episode of Altcast looking at small caps and AIM, Liam Bulmer of Riverfort and I discuss whether the market has bottomed and the small cap nuclear winter is over. Enjoy.
CSSG
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Croma Security Solutions Group – now a buy?...

Shares in Croma Security Solutions Group (CSSG) rose to above a 70p offer price following last month-announced results for its year ended 30th June 2023. The shares have now settled down to a 70p offer price and, with that equating to a £9.6 million market cap, there looks significant further upside potential ahead.
OPTI
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OptiBiotix Health – part-time Finance Director appointment announcement encouraging, BUY

OptiBiotix Health (OPTI) has announced it has appointed Graham Myers as part-time Finance Director “to support the focus on driving each business unit and the group to profitability”. With it also added that “the appointment reflects the progress we have made in 2023 after a difficult 2022”, we look for the prospective trading news to boost the shares from a current 26.25p, below £24 million market capitalisation. Having an FD is part of growing up as a company and we welcome this big time.
Bearcast
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Tom Winnifrith Bearcast: swapping emails with 'arry and when is a trading statement not a trading statement?

In today's Bearcast I look at Chill Brands (CHLL), MusicMagpie (MMAG), Vast Resources (VAST), Eurasia Mining (EUA) and the bent and corrupt world of paid for research, Supply@ME Capital (FRAUD) and Regtech Open (RTOP) asking when will the taxman pull the plug, Kefi Gold & Copper (KEFI) and Optibiotix (OPTI)
ITX
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Itaconix – “FY2023 earnings expected to be in line with current market expectations”… omitting that means continuing losses!

Describing itself as “a leading innovator in sustainable plant-based polymers used to decarbonise everyday consumer products”, Itaconix (ITX) states that it “is pleased to provide an update on current trading and outlook, and increased investor relations activities”. How ‘pleasing’ is the trading and outlook it has to conduct increased investor relations activities on then?
VTU
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Vertu Motors – warns with used car values recent months “record levels of monthly decline”… so why no update on trading until now since 4th October?

Automotive retailer with a network of 195 sales and aftersales outlets across the UK, Vertu Motors (VTU) has issued a “trading update” including its three months ended 30th November “like-for-like used vehicle volumes fell 2.0%… an improvement on the 5.7% reduction in the first half” and it having been “delivering higher overall core gross profit generation from the sale of new vehicles year-on-year”. However, it also notes some “negative external market factors”. Uh oh…
EUA
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Eurasia Mining: Evil Banksta sticks the boot in

Evil Banksta has, as have I, called the spoof Eurasia Mining (EUA) perfectly, naturally attracting stacks of criticism from the Bulletin Board savants. My target price, as I explained earlier HERE, is essentially 0p. But what does the great one say?
SMDS
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DS Smith remains uncool, but that is why I regard it as one of the best FTSE 100 buy/holds out there

I see the packaging company DS Smith (SMDS) describes its half year numbers as a “robust performance in challenging environment” which means it is “on track” for its FY24 hopes. Are there concerns though from an 18% year-on-year fall in revenue, a 15% fall in operating profit, a flat half year dividend and a small negative free cash flow number?
SYME
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EXPOSE: Supply@ME Capital – a £4 million black hole in its balance sheet by year end and when will HMRC pull the trigger with a winding up notice?

The interim accounts for the six months to June 30th showed that the fraud Supply@ME Capital (SYME) had net liabilities of £2,108,000 meaning that it was technically insolvent because liabilities exceeded assets. The ongoing business lost £2,376,000 in the six months, roughly around £400,000 per month. By the year end of 31 December 2023, in under a months’ time, Supply will be looking at a £4 million excess of liabilities over assets.
EUA
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Eurasia Mining: will the last moron in the house turn off the lights? Dire statement

"Oh dear, oh dear," as my old pal “old Mother” Mike Walters used to say as another of his disastrous tips went wrong. I am not sure he ever tipped Eurasia Mining (EUA) but as Mr. Minmet it would be very much his sort of bag. Today’s statement is a disaster on all counts. It is hard to know where to start but let’s begin with the bid spoof.
SDI
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SDI Group – “pleased to announce” interims, so what of the 18% share price fall then?

Last month we stated to bank gains and sell shares in SDI Group (SDI) at 114p to sell. Today this digital imaging and sensing and control products group states that it “is pleased to announce its results for the six months to 31 October 2023”, but what of the shares currently responding 18% lower towards 90p?

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