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Mission Group – trading expected to be in line with “revised outlook”. Er, what was that outlook again?…
Digital marketing and communications agencies business Mission Group (TMG) commences a “trading statement” announcement with “trading for FY2023 is currently expected to be in line with the board's revised outlook, as outlined in the Update… on 23 October 2023”. Hmmm – that’s only just over eight weeks ago, so not a great achievement anyway, but what was that “revised outlook”?- By Steve Moore |
- 20 December 2023, 15:45 |
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BlueJay Mining: you couldn’t make it up, its ‘avin’ a giraffe, disgraced McIllree is back!
Seriously this is worthy of April Fool’s Day. Rod McIlree was the promoter who pumped BlueJay Mining (JAY) shares hard on the back of the Dundas project in Greenland. Subsequent to his departure a new team admitted that all the money had gone and that the Dundas numbers pushed by Rod were all wrong and it was worthless. And so with the company running on vapours….- By Tom Winnifrith |
- 20 December 2023, 14:38 |
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Another ouzo for the Sheriff, vindicated again: Canadian Overseas: The fat lady warms up as it defaults on debt
And to think that Canadian Overseas Petroleum (COPL) founder Arthur Millholland said that I was a “snake oil salesman” and did not understand accounts. As the Fat Lady now books a ticket to gig with Arthur in the socialist hell hole of Canada, the shares have collapsed again, to just 0.4p. They were 25p when I first started exposing this crock 20 months ago prompting that misleading RNS response from Art. The shares should be suspended now as Canadian is now totally screwed. It is a zero.- By Tom Winnifrith |
- 20 December 2023, 13:55 |
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Petrofac: Big contract wins but no update on how it will solve its balance sheet problems, I'm shorting more and here is why
I promised that I would report this morning on Petrofac’s (PFC) trading statement. At pixel the shares are 31.6p, up 41% from yesterday’s close. At the peak this morning they touched 37.2p, scoring a massive 67% win for the bulls, all of whom seem to be in my timeline this morning, less than politely telling me what a fool I am.- By Evil Banksta |
- 20 December 2023, 13:24 |
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Strip Tinning – fundraising ‘to capture the EV opportunity’, or to fund continuing cash burn?…
Describing itself as “a leading supplier of specialist connection systems to the automotive sector”, Strip Tinning (STG) is “pleased to announce” that it has conditionally raised gross proceeds of £1 million through the issue of 2.5 million placing shares and £4 million through the issue of convertible loan notes “to capture the opportunity within its EV division and to, inter alia, invest in the commercialisation and continued development of the company's CCS product aimed at the EV battery pack market”. What of this and a current 42.5p share price?- By Steve Moore |
- 20 December 2023, 13:14 |
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VINDICATED YET AGAIN! Versarien – dire trading update, share consolidation needed ahead of yet another bailout placing required to stave off insolvency
Today’s dire trading update from Versarien (VRS) has managed to hammer the share price down a further 50%. The shares are now. At 0.15p, down by more than 99.9% in just five years. More ouzo for the Sheriff of AIM for hundreds of exposes penned in the face of death threats, harassment of my wife and industrial trolling and who has called this superbly. But let’s start with the good news for the morons who ignored me.- By Tom Winnifrith, the Sheriff of AIM |
- 20 December 2023, 10:02 |
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Don't follow the Bank of England too closely as an investor
The Governor of the Bank of England and I must be related somehow, albeit his direct ancestors over the last century or so had much more access to any of the money than my direct ancestors did. Interestingly, there was only one of us who studied undergraduate Economics but, then again, only the now Bank of England supremo started his career at the London School of Economics and then the Bank of England itself whilst the closest I have been with the latter is visiting its rather good museum (worth a trip in my opinion). Anyhow, the reason I am rambling on about Mr Bailey is that today's Consumer Price Index (CPI) numbers are rather good news for him. Interest rate cuts set fair for 2024 then?- By Chris Bailey |
- 20 December 2023, 08:49 |
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Pensana to Rediscover its Magic
Three years ago Pensana (PRE), a specialist in Rare Earths and the metals crucial to the development of electric motors, was the best performing share in the London market. In less than 12 months its shares soared tenfold from 20p to over £2 a share.- By Tim Blackstone |
- 20 December 2023, 08:21 |
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CyanConnode – interims, ‘there could be a requirement for additional funding for working capital’, or does it mean for continuing losses?
It is now over a year ago since I wrote on CyanConnode (CYAN), which describes itself as “a world leader in narrowband radio frequency mesh networks”. I concluded then that, with cash collection and net cash flows very much still to prove, at a 12.75p share price I continued to avoid. So what of now the company’s results for its half-year ended 30th September 2023?
- By Steve Moore |
- 19 December 2023, 15:00 |
Nate Anderson of Hindenburg, the bear of the year, gracious with his praise on Tingo
Nate Anderson of Hindenburg has undoubtedly been the bear of the year with a string of scorching dossiers. But he is gracious enough to share credit where it is due. Now how many of those Bulletin Board savants who like to slate me have their work recognised in this way? Ok fools: carry on dismissing my analysis and exposes as you do. It's your money you will lose.- By Tom Winnifrith |
- 19 December 2023, 14:41 |
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Tom Winnifrith Bearcast: 2 thoughts about my dad, 2 bankruptcies predicted for 2024 and a Kefi thought
I start with a couple of thoughts about my Dad prompted by events today and on Sunday. Then it is onto Tingo (FRAUD) and questions for the FCA and Deloitte, Canadian Overseas (COPL), Kefi Gold & Copper (KEFI), musicMagpie (MMAG) and Superdry (SDRY)- By Tom Winnifrith |
- 19 December 2023, 14:29 |
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Barkby – Debt Progress = An Accident Waiting To Happen
AIM listed dog Barkby (BARK) has announced proposals for a new debt instrument to replace its existing £12 million facility. The suggested terms demonstrate to me that the whole shooting match wants taking out and shooting as an act of mercy.- By Nigel Somerville, the Deputy Sheriff of AIM |
- 19 December 2023, 12:24 |
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Engage XR – trading update notes “a very valuable year”, but what for?…
Previously writing on self-described “leading spatial computing and metaverse technology company” Engage XR (EXR), in September with the shares up to back above 3p I concluded, despite it particularly expects the benefits of a Lenovo hardware partnership to start being seen early in the following quarter, its current financial reality suggested still avoid/sell. Today a “trading update” with CEO David Whelan emphasising “2023 has been a very valuable year”… so what of a share price currently more than 23% further down at 2.15p?!
- By Steve Moore |
- 19 December 2023, 11:48 |
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Canadian Overseas: if anyone wanted to buy its shite assets why would they give investors a cent?
Following yesterday’s latest calamity at Canadian Overseas Petroleum (COPL) there are still some deluded souls buying the shares at 0.7p in the misguided belief that there will be a takeover. The gaps in the logic of such folks are big enough to drive a bus through. Here’s why.- By Tom Winnifrith |
- 19 December 2023, 11:29 |
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N4 Pharma – is my maths wrong or is Turner Pope prepping for a bailout placing?
I have never been a fan of N4 Pharma (N4P), another sub scale POS on the AIM Sewer. Its Nomad is SP Angel which is always a red flag and a sign to get out. The broking team are the scholars and gentlemen at Turner Pope and I wonder if they are working on a placing right now. They should be. The maths is not hard.- By Tom Winnifrith, the Sheriff of AIM |
- 19 December 2023, 11:01 |
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Superdry and me...and a confession
As the saying goes, “you have to kiss a lot of frogs before you find your prince”. Or was it toads? Anyhow, I am not interested in frogs, toads or princes, but the underlying concept is a realistic one: if you want to do alright as an investor over time, then you are going to have to accept that you are going to make a bunch of mistakes. I know online that apparently some people spend ten minutes a day doing a couple of deals, and then they start driving the luxury car but I think most of us know the reality: the investment game is always 90% perspiration and 10% inspiration. The other day, I had a look back at the choices and performance numbers of my personal pension fund since I left the institutional investment world a little over ten years ago.- By Chris Bailey |
- 19 December 2023, 09:48 |
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Scancell – Open Offer Just 60% Uptake: Is There Trouble Ahead?
AIM-listed biotech Scancell (SCLP) has announced that it has raised £1.2 million from the Open Offer attached to its recent fundraise. The good news for the company is, of course, it has another £1.2 million (before expenses) but I think this is bad news for shareholders.- By Nigel Somerville |
- 19 December 2023, 09:04 |
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What does my mother’s suicide have to do with Chris Cleverly's Tingo fraud?
As the SEC considers who else to charge over the Tingo (TIO) fraud there is now nobody on earth who cannot now accept that it was a fraud and that, as the first to call it out as such in September 2022, I am vindicated. I cannot remember a time exposing a fraud when its supporters responded with such venom.- By Tom Winnifrith |
- 19 December 2023, 08:50 |
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Zenova – “traction in the TV, Film and Industrial sites”, attempted ramptastic?…
Describing itself as an “innovative fire suppression and interdiction solutions company”, Zenova Group (ZED) is “pleased to announce pre-orders in the UK for its market leading Zenova FX fire extinguisher range, with Bells and Two Tones Fire and Rescue Ltd, a leading provider of fire safety solutions for TV, Film and industrial sites”. So significant ‘pre-orders’ then?- By Steve Moore |
- 19 December 2023, 08:02 |
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BREAKING VINDICATION: SEC charges Tingo and Dozy Mmobousi with what it terms a “staggering fraud”
I think we can now safely say that Tingo (US:TIO) shares are zeros. I was the first to flag up this as a fraud in September 2022 and for my troubles have received industrial scale trolling on twitter in a campaign orchestrated by Chris Cleverly. Well fuck you Chris you criminal dirtbag may your soul burn in hell: the SEC has today charged your man Dozy Mmobousi who was going to buy Sheffield United, with fraud. Dozy is accused of making millions via share sales and general corporate theft. Maybe Cleverly’s cousin James got him off the hook as Chris knew all about this. But so far only Dozy and Tingo Group plus two affiliate companies have been charged. The rap sheet from the SEC is below. An extra Metaxa for me tonight. Enjoy.- By Tom Winnifrith |
- 18 December 2023, 15:59 |