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Harland & Wolff makes itself look ever more Scilly as it teeters on the brink
Facing a cash crisis of monumental proportions, Harland & Wolff (HARL) has come up with a cunning plan of which Baldrick would be proud. That is to say that it has launched a cash offer for the Isles of Scilly Steamship Company Limited. Scilly by name but not silly by nature the Steamship Company has told Harland to feck off in the strongest possible terms.- By Tom Winnifrith |
- 24 November 2023, 08:16 |
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Mirriad Advertising – “pleased to announce” new CFO and broker. I wonder what they’ll be swiftly tasked with?…
Describing itself as a “leading in-content advertising company” Mirriad Advertising (MIRI) has issued today “Confirmation of Board changes” and “Change of adviser” announcements. What of these and the shares currently down at 2.10p?- By Steve Moore |
- 23 November 2023, 16:05 |
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Tom Winnifrith Bearcast: two minor triumphs but trouble at Wrexham Police station
I start with the trouble at the cop shop and my in-laws. Then it is onto Technology Minerals (TM1), Scotgold (SGZ), Victoria (VCP), United Oil & Gas (UOG), Wildcat Petroleum (WCAT), and La Willingham's Nightcap (NGHT).- By Tom Winnifrith |
- 23 November 2023, 14:50 |
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Motorpoint – interims, how ‘well positioned’ for the second half of its year is it?…
Describing itself as “the UK's leading independent omnichannel vehicle retailer”, Motorpoint Group (MOTR) has announced results for its half-year ended 30th September 2023 headlined “Positioned to navigate continued market challenges, whilst building strategic capabilities to lead in market recovery”. What of that from a, currently approaching 5% further lower, 73.8p share price?- By Steve Moore |
- 23 November 2023, 14:19 |
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Pets at Home looks cheap and interim results next week should show that it is on track for further growth and with another buyback to come - BUY
Although the retail sector seems to be out of favour at the moment, with concerns about the economy and inflation, some companies are still managing to buck the trend and show a decent performance, and I expect Pets at Home (PETS) to fall into that category when it announces its interim results next Tuesday.- By Gary Newman |
- 23 November 2023, 13:40 |
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Letter to AIM Regulation: Nightcap and a breach of AIM Rule 11
This is a slam dunk breach. Sarah Willingham and NightCap (NGHT), assisted by Nomad Allenby have clearly broken AIM Rule 11. I have written to Marcus Stuttard and the team of Oxymorons at AIM Regulation asking if they give a FF about this and will they enforce their own rules.- By Tom Winnifrith, the Sheriff of AIM |
- 23 November 2023, 13:29 |
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Gelion – “Result of Retail Offer”, it won’t be funding its losses as much as hoped!
Describing itself as an “Anglo-Australian battery innovator”, Gelion (GELN) earlier this month announced that it “has conditionally agreed to acquire the entire issued share capital of OXLiD for an aggregate consideration of up to approximately £4.2 million… in addition, the company announces a proposed equity fundraising of up to approximately £4.5 million”. With today a “Result of Retail Offer” announcement from the company, what of these developments?- By Steve Moore |
- 23 November 2023, 11:52 |
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Letter to the FCA: Wildcat Petroleum & Lying
Last night Wildcat Petroleum (WCAT) was forced, by the FCA, I Suspect, to issue a groveling RNS admitting that its Chairman and CEO Mandhir Singh had, in effect, lied to investors on a Director’s Talk podcast. But this is the tip of the iceberg. I have written to the FCA which is the regulator of the Standard list.- By Tom Winnifrith |
- 23 November 2023, 11:29 |
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Nightcap: Dire results, a lack of profits warning, breaching AIM Rules, the cash crisis and boardroom greed
Amazingly after all of this, shares in the late night bars chain NightCap (NGHT) run by narcissist Dragon’s Den “star” Sarah Willingham, are up today, by 0.25p at 6.25p. There is nowt as queer as folks.- By Tom Winnifrith, the Sheriff of AIM |
- 23 November 2023, 10:49 |
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PZ Cussons shares remain a buy for me (even if Imperial Leather products are not on my Christmas list)
I think I have attended one or two AGMs in my life…and that was frankly one or two too many. I know some people regard them as an essential part of the investment analytical process but, if I want to ask a tough question, I can do that on a conference call (preferably online). Unsurprisingly, I will not be attending today’s PZ Cussons (PZC) AGM despite owning a few shares over the last couple of quarters, but I am all over today’s trading update like a rash…- By Chris Bailey |
- 23 November 2023, 09:58 |
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BREAKING: Did the FCA tell Mandhir Singh of Wildcat to admit he was lying?
Rather like a celeb caught making sexist comments on social media and forced unto a grovelling apology, Mandhir Singh of Wildcat Petroleum (WCAT) has been caught telling complete lies and after hours yesterday came the confession via RNS. A “clarifying statement” is how the RNS is headed. It should be “Mandhir is a fucking liar.”- By Tom Winnifrith |
- 23 November 2023, 08:40 |
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Aurrigo International – further agreement with IAG. An “important milestone” or a highly conveniently-timed, attempted ramptastic, announcement?…
Describing itself as “a leading international provider of transport technology solutions”, Aurrigo International (AURR) has announced what its CEO David Keene states is “an important milestone for us as it will be our first aviation operation in the US - a key target market. We're pleased to be partnering with IAG beyond the UK and to be building a presence at a key international airport”. So what’s the detail and what of a current 102.5p share price?- By Steve Moore |
- 22 November 2023, 16:22 |
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Tom Winnifrith Bearcast: Wildcat boss Mandhir Singh and his spamming surely the FCA needs to investigate
I start with the Mrs heading to a conference. She was map reading as we drove to the airport. We missed two turns so were late. Naturally that was my fault I then move on to the mendacity if the Autumn statement and then to naughtiness at Wildcat Petroleum (WCAT), called out by Charles Tatnall, for once a hero not a villain, as you can see below. Then it is Ariana Resources (AAU), Regtech Open (RTOP), and Victoria (VCP) which really could be a zero, Stay short.- By Tom Winnifrith |
- 22 November 2023, 15:25 |
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Victoria: jumping rats, dire numbers, that looming margin call for Geoff Wilding could this be a zero?
The bears are at last seeing vindication, shares in carpets rollup Victoria (VCP) are plunging and this is only the start of the downfall of its colourful boss Geoff Wilding. Let’s start with the rat.- By Tom Winnifrith |
- 22 November 2023, 15:07 |
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Plant Health Care – trading warning, though argues ‘well positioned’ for growth in 2024 and beyond. How ‘well’ really though?…
Plant Health Care (PHC) has issued a “trading update” including that, with “challenging market conditions, particularly in the key USA end market, the company now anticipates revenue in FY2023 to be in line with or show modest growth over the year ended 31 December 2022”, though that it “continues to make significant progress in obtaining new product registrations and widening geographic distribution, positioning the company well for growth in 2024 and beyond”. So what of a current around 4p share price, down more than 30%?- By Steve Moore |
- 22 November 2023, 14:35 |
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Invinity: clearly there is something wrong: time for Andrew Monk to apologise and ‘fess up, clearly it is bailout placing ahoy
On September 5 2023 I took Andrew Monk of VSA Capital (VSA) to task for trying to ramp shares in Invinity Energy (IES) on an all expenses paid jolly visiting Canadian fund managers. The shares were then 49p. I do hope that you followed my bear call as, despite Monkey’s wretched protestations, I was bang on the money. The shares are now 28.5p and falling rapidly.- By Tom Winnifrith |
- 22 November 2023, 13:43 |
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Johnson Matthey continues to be excited about fully circular solutions in the world of PGMs and more
I have bored you all before, such as back in early September, about why I am such a lover of (now) FTSE 250 company Johnson Matthey (JMAT). And, whilst the shares may be down by about 25% during the last year, the reason I have tripled my holding is nothing to do with the company’s now over 5% dividend yield, it is all about “catalysing the net zero transition to drive sustainable value creation”, among other matters…
- By Chris Bailey |
- 22 November 2023, 13:05 |
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EXPLOSIVE: Technology Minerals an academic writes…
I have warned repeatedly that the stench of career fraudster Chris Cleverly of Tingo (US:TIO) and African Potash (AFPO) infamy, rendered Technology Minerals (TM1) utterly uninvestable. I have now received a letter from an academic which I republish and will be forwarding to the FCA. Anyone reading the letter and still holding the shares is truly certifiable.- By Tom Winnifrith |
- 22 November 2023, 12:23 |
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Pebble Group – profit warning, though it reckons “look forward to returning the group to growth in 2024”. Really?
Describing itself as “a leading provider of digital commerce, products and related services to the global promotional products industry”, The Pebble Group (PEBB) has issued a “trading update” including that its Facilisgroup business, providing a digital commerce platform for promotional products businesses in North America, “FY 23 revenues are expected to increase by approximately 10% compared to prior year of USD20.4m” and that, overall, “the group has continued to generate stronger gross margins in FY 23 compared to the prior year”. So what of a current share price response to around 60p… more than 30% lower?!
- By Steve Moore |
- 22 November 2023, 10:59 |
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Ariana – Drilling In Zim: Peter Lynch Eat Your Heart Out!
It was, if memory serves me correctly, Peter Lynch who coined the term “diworsification” in his book One Up On Wall Street. The concept was simple – you have a good product, a good operation and are making money, so why diversify into something else and mess up an otherwise good company?- By Nigel Somerville |
- 22 November 2023, 09:21 |