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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 |
This Techno Wizard should Get a Diploma for Impressive Results
Hello Share Tinkers. You may be unfamiliar with a company called Diploma (DPLM). But it’s big and well thought of in the City. While recent results were impressive. It is a technical services and products supplier, usually in demanding situations. And what it deals in is in strong demand.- By Malcolm Stacey |
- 22 November 2023, 08:12 |
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Technology Minerals the shareholders are getting restless as more red flags emerge, RNS needed, CEO must "be resigned"
Any shareholder in a company linked to career fraudster Chris Cleverly of Tingo (US:TIO) infamy, aka the first cousin of our esteemed Home Secretary, is bonkers. And thus I have repeatedly warned folks about Technology Minerals (TM1). It now seems that some of the cultists, who gather on a closed Telegram group to discuss what a complete bastard and ignoramus I am, how Chris Cleverly’s farts smell of roses and and how they will all get rich, seem to be getting restless. One has written to chairman Martin Brundle making rather damaging allegations. Thanks to Winnileaks, I bring you the letter below. Suffice to say, anyone holding the shares, at 1p, is certifiable.- By Tom Winnifrith |
- 21 November 2023, 16:03 |
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Tom Winnifrith Bearcast: what can we all learn from the Empresaria profits warning?
In today's podcast I look at why charting is folly, musicMagpie (MMAG), Tintra (TNT), Empresaria (EMR) and numerous lessons we can all learn and Lift Global Ventures (LFT) run by brown envelope man Zak Mir and why its results are so utterly misleading.- By Tom Winnifrith |
- 21 November 2023, 15:02 |
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SkinBioTherapeutics – placing and “retail offer”… and CEO Stuart Ashman talking absolute rubbish, shares still a BUY
SkinBioTherapeutics (SBTX) has announced a placing and “retail offer” at 19p per share to raise, respectively, a minimum of £3 million and up to £0.25 million, with CEO Stuart Ashman stating this is needed “to help with the current commercialisation and development strategy of AxisBiotix in skin health, with our latest venture beginning in acne, as well as providing a stronger financial base to support our strategic partnering discussions around three of our other business pillars. The funding will also support us with working capital and strengthen our balance sheet”. Tom Winnifrith has applied for shares in the offer and we suggest you do too BUT Ashman is talking bollocks and we will be slashing our target price from 150p.- By Tom Winnifrith & Steve Moore |
- 21 November 2023, 14:50 |
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Eckoh – I having previously questioned how “confident” to really be in its outlook, how are its interims?…
At the beginning of this month I wrote on Eckoh (ECK), describing itself as a “global provider of customer engagement data security solutions”, that its half-year trading update suggested it would be interesting to see the further financials detail of the half-year results and that the valuation at a 40p share price looked to suggest, considering the current harsh stock market environment, still little room for any trading disappointment. So what of its now “pleased to announce” results for the six months to 30th September 2023?
- By Steve Moore |
- 21 November 2023, 14:22 |
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Tern – a dismal and deeply unimpressive pre placing attempted ramp
I know Tern (TERN) is running on vapours. You know it and Mr. Market knows it. And as such all that tern can do is issue a wholly meaningless update on its portfolio and hope that the fuckwits who invest in AIM dross buy the shares, pushing them higher and so allowing one last deeply discounted placing to get away, giving it a few more months to limp on. Today’s statement ended with an implausible claim about boss Al Sisto.- By Tom Winnifrith, the Sheriff of AIM |
- 21 November 2023, 13:16 |
Video: When the FOMO Comes Rushing Into Commodities
Author Andrew Hoese from Finding Value Finance discusses the potential for inflation in the near future and its impact on various markets. He believes that demographic pressures and fractional reserve lending will lead to inflation and potentially a debt crisis if interest rates rise too high. He suggests that Jerome Powell may raise interest rates further to slow inflation, but this could make it unaffordable for millennials to buy homes. Hoese also discusses the possibility of a short-term slowdown in the real estate market due to deficits and the stimulus sent in 2020. Regardless further inflation may be coming.- By Tom Winnifrith |
- 21 November 2023, 12:41 |
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RegTech Open Project – why its incoming CFO should provide a trading update
According to Regtech’s (RTOP) RNS of 7 September 2023, Paul McFadden will be arriving as Chief Financial Officer with an effective start date of 5 December 2023. When his appointment was announced Regtech’s share price was just over 200 pence per share and now languishes close to its near its 52-week low of 9 pence per share, a drop of more than 95%.- By Tom Winnifrith |
- 21 November 2023, 12:05 |