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Latest News

Collapsing-Reactor
premium content

Crisis for Neil Woodford continues as Equity Income Fund drops another billion since March

There are a few headlines around showing that Neil Woodford’s Equity Income Fund has once again been suffering redemptions. Figures of £450 million are quoted, but the scale of Woodford’s ongoing disaster is far worse: since 1st March EIF has dropped about £1 billion.

UKOG

Photo Article: Rogue Bloggers for Woodlarks 2019: It begins

PLaunching from the gates of Horse Hill, the ten walkers for the Rogue Bloggers for Woodlarks 2019 have begun.  The whole crew minus 76 year old Brian Basham, who started walking an hour early, at the top. Below Tom Winnifrith, Steve Moore and warning sign from Lyin' Steve Sanderson of UK Oil & Gas (UKOG). Then the walk begins...

China Flag

ShareProphets China AIM 'Filthy Forty' performance update – May & another suspended

Following it previously noted, when will the next domino fall?, here's an update on the current ShareProphets China AIM 'Filthy Forty' situation...

Malcolm-On-Motorcycle

The Magnificent Fourteen Rogue Bloggers and the Chinese Connection.

Hello Share Shorters. What a peculiar place Shareland is. We have multi-millionaires and billionaires with so much money they could never spend it. Yet some hang onto every penny. Then we see the other end of the share spectrum where a bunch of (mostly ageing) heroes walk 33 miles and raise nearly £50,000 for kids who face appalling disadvantages. How many small charity walks realise that kind of dough? Most of the donors will be from our shareholder community.

Beggar
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Tom Winnifrith: less than 24 hours to Rogue Bloggers for Woodlarks, £46,000 now raised a final appeal for £4,000 more

God willing, on Saturday at around 7.30 – 8 PM, 14 Rogue Bloggers & a trainer will complete the 33 miles from Horse Hill to Woodlarks. So in less than 24 hours time I shall be walking, somewhere along the Pilgrim’s Way.

MTC

Mothercare – “refinancing, restructuring and reorganising… to ensure a sustainable future”. Is there?

Mothercare (MTC) has announced results for its year ended 30th March 2019, emphasising they reflecting “a huge amount this year, refinancing, restructuring and reorganising Mothercare to ensure a sustainable future for the business”. Is there?...

MERL
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Merlin Entertainments – is activism a new ride at Alton Towers?

I have written about Merlin Entertainments (MERL) before, noting back in February that 'from a stock market perspective it is a hard share to love as it seems to need to pour in a lot of capex to keep relevant and this crimps the valuation you would pay. Risk-reward feels more exciting in the lower third of the aforementioned 300-400p range'. Well the lower end of that share price range was (again) the area the share bounced from earlier in the week when it was announced that the activist investor ValueAct was agitating for change…

FEVR

Fevertree – “encouraging operational progress” (what about trading?) & tough UK comparatives. Hmmm…

Fevertree Drinks (FEVR) has updated noting some “further encouraging operational progress” and that “we remain confident in achieving board expectations for the full year ending 31 December 2019”. The shares have responded, er, currently towards 2700p – a few percent lower…

Bearcast
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Tom Winnifrith Bearcast: Why I think Malcolm Stacey is wrong on Bigdish & good riddance you mendacious old hag

In today's bearcast I explain why I disagree with Malcolm on Bigdish (DISH) this morning. I look at IQE (IQE) and the growing risks after today's statement and there is a final appeal on Rogue Bloggers for Woodlarks. we are now less than £4,000 shy of the £50,000 target, if you have yet to donate please do so HERE. I have a few words on the departure of the useless, mendacious and despicable old hag, Theresa May

LPA

LPA Group – profit warning & contract wins; all becoming known to the company at the same time?!

Previously writing on LED lighting and electro-mechanical systems group LPA (LPA), in March I concluded, with the shares at 114.5p, ahead of detail of just how much the first half has been ‘affected’, I’d suggest at best on the watchlist. I currently continue to avoid. Now an intra-day (3:43pm) update (uh oh), but it a “Trading Update & Contract Wins”. Hmmm…

WSG
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Westminster 2018 results – the ghastly truth, the fudges to stop it being marked insolvent

And so having promised us 2018 sales of £7.2 million and an EBITDA profit on January 29, simply to get a bailout placing away on February 8, the ghastly truth now emerges. Westminster’s (WSG) 2018 results are shite and bar an accounting fudge they would have shown the group as insolvent. Let me explain.

OPTI
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Another day, another Optibiotix deal – Buy

The shares are off a tad thanks to another piss poor hatchet piece on Stockopedia, which I take apart HERE. There is actually some good news from Optibiotix (OPTI)...

KWS

Table of shorted AIM shares - week to 23/05/2019

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

DISH

The Tray Now Standing on Platform BigDish could Head for Brighter Prospects

Hello Share Munchers. Now here’s a novel idea for the technological age. You’ve heard of Late Rooms which began as a way of filling empty hotels at the last minute. Well, BigDish (DISH) aims to perform similarly for restaurants. The company helps to fill tables at quiet times by offering quickly applied discounts...

Bearcast
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Tom Winnifrith Bearcast: So Roger Lawson & the share selling twit from Accesso, just how do you want to control me?

Roger Lawson of ShareSoc has not reacted well to yesterday's article HERE but still refuses to say how he wants me and ShareProphets to be curbed and controlled. Over to you comrade and I think you really are talking bollocks. Then it is onto Red Rock Resources (RRR), Georgian Mining (GEO) and some hard questions about potential AIM Rules breaches at Westminster Group (WSG), run by loathsome ex Tory MP Tony Baldry of 3DM infamy. I remind you to risk a milkshake from a wretched lefty and vote the right way today. And I make another plea to those bearcast listeners yet to be heros, please donate now to Rogue Bloggers for Woodlarks HERE.

IME

Immedia – “secured a major AV contract”… so why the share price fall?

“Multi-media content and digital solutions provider”, Immedia (IME) “is pleased to announce it has secured a major AV contract with a blue-chip integrated energy company with headquarters based in Aberdeen”. Its shares have currently responded to 22.5p – er, down more than 6%! Hmmm…

Newsboy
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On a shabby day...look what is up

Certainly today is not the greatest day to have equity market exposure, but as the world's incumbent politicians consider their role in life, three shares I have been tracking are up on the day. As any experienced market watcher will tell you, shares that are up (down) on a big market down (up) day are particularly striking and should be appropriately noted. Naturally, it can be because of on-the-day newsflow but sometimes there is something a bit deeper to interpret…

TUNG

Tungsten – “achieved its first annual EBITDA profit”… but what about cash & the rest of the balance sheet?

Business transaction platform company Tungsten (TUNG) is “pleased to announce that Tungsten achieved its first annual EBITDA profit… we are confident that through executing the actions identified in our operating review, including working with an e-procurement partner and expanding our AR e-invoicing services, we will be able to achieve higher revenue growth” – and the shares have responded higher above 38p. However, EBITDA is, of course, bullshit earnings and there’s a track record of disappointment to overcome…

STL

Stilo International – I having warned again in March, “Trading Statement”…

Writing on content software tools and cloud services business Stilo International (STL) following results in March, I questioned “significant financial overheads associated with being a public listed company” worth it? – and concluded, though the shares then down to 2.35p, to avoid / sell. Now, on the back of a “Trading Statement”, the shares are down at below 1.5p…

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