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Proteome Sciences – from in August “confident of maintaining the good performance into the second half” to now it has ‘faced a very challenging second half’!
Describing itself as “a specialist provider of contract proteomics services”, Proteome Sciences (PRM) has issued a “trading update” commencing that it “expects the US laboratory to be operational in the coming weeks and is lining up first customer projects for this laboratory” and including “increased customer activity in recent weeks”. So what of a current 4.525p share price, down by 25%?!- By Steve Moore |
- 30 November 2023, 15:25 |
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Tom Winnifrith Bearcast: As Tingo suspension extended the writing is on the wall for Technology Minerals, escape while you can! It will be a zero too.
I start with a report on yesterday's soccer with daughter 2. Then I look at Belluscura (BELL) and as if Nigel Wray can really still justify the corporate action? Then it is on to Totally (TLY), the fraud Tingo (US:TIO), Technology Minerals (TM1), Doc Martens (DOCS) and Global Petroleum (GBP),- By Tom Winnifrith |
- 30 November 2023, 14:53 |
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Cook’s Coffee having fired Andrew Monk serves up quite atrocious (and misleading) interims
It is turning out to be a rather bad week for the egomaniac boss of VSA Capital (VSA), the, self styled, "Very Sexy Andrew" Monk. Yesterday it emerged that his firm is being sued for a Bernie by former client Silverwood Brands (SLWD) and yesterday VSA was also fired as adviser to Cook’s Coffee (COOK) which it listed on the Aquis lobster pot less than a year ago. We know that loss making VSA needs all the retainers it can get but if it had to lose one, interims from Cooks out today suggest it would probably be this one. They are dire. And misleading.- By Tom Winnifrith |
- 30 November 2023, 13:28 |
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Dr. Martens – interims & having been relying on trading improvement, another profit warning (quelle surprise!)...
Previously writing on footwear brand company Dr. Martens (DOCS) earlier this month with the shares at 118p on it “delighted to appoint” a new CFO, I noted good luck to him as I concluded ‘with its half-year results to 30th September therefore not set to be good - and scheduled for 30th of this month - and I questioning second half improvement it is relying on considering also the current consumer environment, I suggest this is currently a what financial position will Giles Wilson be taking on?, £1.15 billion market capitalisation, avoid/sell’. Today the half-year results headlined “Strategic progress despite challenging USA backdrop”… so what of a share price currently down from a 114.8p last close towards 85p?!
- By Steve Moore |
- 30 November 2023, 13:27 |
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Plexus Holdings technology looks interesting but it will need a regular flow of new contracts to reach an net profit - avoid until those materialise
One of our readers has asked me to give my view on an oil and gas services company, Plexus Holdings (POS), which specialises in providing leak-proof wellhead sealing systems.- By Gary Newman |
- 30 November 2023, 12:38 |
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Tern – Wyld Q3 2023 results promise jam tomorrow but its another quarter of heavy losses
Tern’s (TERN) second biggest investment, Wyld Networks AB published its Q3 2023 results today. And, of course, they are utterly shite.- By Tom Winnifrith |
- 30 November 2023, 11:40 |
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Lloyds Bank says that business confidence is rising. Whatever...
Early this morning Lloyds Bank (LLOY) released a report observing that "business confidence rises to highest level since early 2022". I know, and believe, that the darkest hour is before the dawn and all of that, but it appears the analysts at Lloyds Bank believe that their "Barometer survey" (conducted before the chancellor’s Autumn Statement on 22 November) is a great predictive sage. Actually, I would be more excited about the survey if it was currently its worst since the GFC of 2007-9 and was so fearful that the only smart thing to do was to be greedy.- By Chris Bailey |
- 30 November 2023, 10:21 |
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Ariana – Drilling Results At Salinbas: That’s More Like It! BUY.
AIM-listed Gold producer in Turkey Ariana Resources (AAU) has announced drilling results from its potential blockbuster at Salinbas this morning. Whilst there remains much work to do, the numbers went down well with Mr Market, with the shares up by 9% (a big rise for Ariana).- By Nigel Somerville |
- 30 November 2023, 09:14 |
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Tintra – leaving AIM, no news on tender offer and share price craters: a disgrace
After hours on Tuesday in an RNS Tintra (TNT) announced its “Intention to Seek Cancellation from Trading on AIM”. Oh dear. I have warned you so many times that the AIM Company of the year 2022 was a nest of snakes. Of course, so many Bulletin Board savants knew better. This is a scandal that AIM Regulation should be all over like a rash, having failed to deal with so many issues over the years despite explicit warnings on this website.- By Tom Winnifrith, the Sheriff of AIM |
- 30 November 2023, 08:31 |
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BREAKING: Harland & Wolff hiding a revenue warning!
I guess rules are for other people, especially when you are drowning in debt and desperately need a gargantuan bailout fundraise. This is a very clear and material breach of the rules. On March 1, via RNS, Harland & Wolff (HARL) stated:- By Tom Winnifrith, the Sheriff of AIM |
- 30 November 2023, 08:21 |
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Aurrigo International – retail offer result… it doesn’t even bother to try to argue it’s ‘pleasing’!
Describing itself as “a leading international provider of transport technology solutions”, Aurrigo International (AURR) has announced “subject to the retail offer becoming unconditional, a total of 176,255 new ordinary shares… will be issued at 100 pence per retail offer share. In addition, the company has raised £100,000 by way of a direct subscription for 100,000 new ordinary shares”. Hmmm, ‘a leading international provider of transport technology solutions’ hey?- By Steve Moore |
- 29 November 2023, 16:34 |
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Xaar – adjusted profit “ahead of expectations”, but that’s not the bottom-line and it’s not “ahead of expectations” for long!…
Inkjet printing technology company Xaar (XAR) has issued a “trading update” with a first heading “PROFIT AHEAD OF EXPECTATIONS FOR 2023”. So what of a current share price down to below 140p, more than 20% lower?- By Steve Moore |
- 29 November 2023, 15:32 |
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Tom Winnifrith Bearcast: Bathing in ouzo tonight as Verditek fesses up
I start with a couple of very proud Dad boasts. then it is onto Old Mother Walter's ruin and Verditek (VDTK). Rejoice! Rejoice!. Then I cover small cap profits warnings, Braveheart (BRH), Tern (TERN), Mosman Oil & Gas (MSMN), Eurasia (EUA), Hydrogen Utopia (HUI), Upland Resources (UPL) and Wildcat Petroleum (WCAT).- By Tom Winnifrith |
- 29 November 2023, 13:21 |
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LifeSafe Holdings – argues its sales growth “extraordinary”, so why are the shares further slumping?…
Describing itself as “a fire safety technology business with innovative fire extinguishing fluids and fire safety products”, LifeSafe Holdings (LIFS) has issued a “trading update” announcement commencing that it “has continued to generate considerable sales growth through its consumer channels in the period, with revenue of approximately £5.4 million, 62 per cent ahead of the same period last year, with one month of trading to go for the 2023 full year”. So what of a current 17p share price in response…down more than 40%?!- By Steve Moore |
- 29 November 2023, 13:19 |
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EnQuest continues to make progress and offers a good leveraged play on oil and gas prices at this level - BUY
The share price of EnQuest (ENQ) continues to surprise me given the more positive recent updates, and I can only think that it is suffering from fears of what a Labour government might do if it wins the next general election.- By Gary Newman |
- 29 November 2023, 11:11 |
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Change and uncertainty continuing to occur at Halfords...but remains a Buy for me
Back in early September, I wrote about Halfords (HFD) that "compared to today’s c.190p share price, wake me up when the stock is back north of the 250p level….Buy". That was looking quite smart a week ago when the shares were lurking close to the 235p share price level, but is not looking so smart this morning with the shares falling back below 190p. What is going on in the world of "the UK's leading provider of cycling, motoring services, vehicle servicing and repairs”?
- By Chris Bailey |
- 29 November 2023, 10:38 |
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Even more Monkey Business - VSA being sued for a third of its balance sheet
Oh dear, oh dear. There’s trouble at t’mill for VSA Capital (VSA) the corporate advisory firm run by the egomaniac and self-styled Very Sexy Andrew (Monk). You cannot say that I did not warn you. It is all to do with VSA’s erstwhile client, fellow Aquis listed dog Silverwood Brands (SLWD) and its failed attempt to buy a 20% stake in cosmetics retailer Lush. Honestly you could not make this shit up.- By Tom Winnifrith |
- 29 November 2023, 09:26 |
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Real Good Foods goes bust – in the end crimes don’t go away as another one bites the dust on AIM
After hours yesterday came the news of another casualty on AIM – the world’s most successful growth market. Real Good Foods (RGD) is going to be calling in the administrators and shares have been suspended this morning. 125 years of trading history is going up in smoke.- By Tom Winnifrith, the Sheriff of AIM |
- 29 November 2023, 08:32 |
The Top Tech Data King and the Gates of Hell
Hello Share Collectors. Sometimes I wonder what urges the bigwigs of a company to choose the name they do. Cerberus, I’m sure you’ll recall, is the name of the gigantic three-headed hell hound that guards the gates of the underworld and stops the escape of ghosts of the dead. Rather fortunately today’s choice doesn't take that name. It’s just that Celebrus Technologies (CLBS) sounds very similar to Cerberus.- By Malcolm Stacey |
- 29 November 2023, 08:14 |
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Techcast: Understanding AI Episode 7 of 12 - What on earth is happening with Sam Altman and OpenAI
Thanks to the sponsorship of Sure Valley & Pires Investments (PIRI) we are expanding the number and quality of speakers and are able to offer up even more fun and games at Sharestock on 7 September 2024 - as you can see HERE. In this episode I chat to Brian Kinane about what on earth is happening at OpenAI. Enjoy.- By Tom Winnifrith |
- 28 November 2023, 16:36 |