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LLOY
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Lloyds - you cannot eat relative performance...but still bet on the black horse

I called Lloyds Banking Group (LLOY) shares 'boring' and 'worthy' a year ago... but even adding back the dividend I am still down about 10% over the last year from that comment. So far from the greatest call, even if most of the rest of the financial sector has fared worse. As an old boss once said to me 'you can't eat relative performance'…

TRT

Transense Technologies – “Significant iTrack Order” & “very substantial” sales… Or ramptastic?

Not just an iTrack order, but a “Significant iTrack Order” emphasised by Transense Technologies (TRT) earlier this week – and the shares now up from a last week close of 52.55p to almost 70p. However, I previously wrote “GE Aviation Contract Win” announcement sparks shares… but reasons for caution?

RB

Jumbo with Some of the Best Brands in Home Medicine Points the Way to a Healthy Future

Hello, Share Revellers. The mission of Slough-based giant Reckitt Benckiser (RB.) is to bring health and happiness into peoples’ home. This ‘consumer health and hygiene outfit’ does it in 60 countries across the globe. It’s bringing cheer into shareholder portfolios, too. While some Footsie members struggle, this jumbo continues to boost both revenue and profits...

HAYD
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BREAKING: Haydale Graphene bailout placing at just 5p - SOURCE. Ouzo o'clock imminent for Nigel Somerville

We hear it's bailout placing ahoy for Haydale Graphene (HAYD) - at just 5p. Ouzo o'clock imminent for Nigel Somerville...

Bearcast
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Tom Winnifrith Bearcast: why I am a journalist not a thirsty share blogger & count-down for Telit

I start by issuing a correction. That is what journalists do and thirsty share bloggers don't when they goof. That refers to Footasylum (FOOT) though my generic point still stands. I also cover Telit (TCM), UK Oil & Gas (UKOG), Dev Clever (DEV), Plus500 (PLUS) and Patagonia Gold (PGD) and other loss making companies that, for some reason, have net debt.

SYN

Synnovia (Plastics Capital as was) – trading statement; is a 10%+ forecast reduction really “broadly in line”?!

A trading statement from industrial components and consumables manufacturer Synnovia (SYN) - until recently Plastics Capital plc - commences that it “expects trading for the financial year ending 31 March 2019 to be broadly in line with market expectations” and includes “significant organic growth continues to be achieved across both our divisions” and “the change of the company's name to Synnovia plc has seen a smooth transition and is acting as a strong signal to our organisation to do everything reasonably possible to reduce, recycle and re-use plastic waste”. The shares have responded currently, er,… more than 8% lower, back towards 100p…

Professor

Why David Scott’s ‘The Tax System Explained in Beer’ article was wrong

Yesterday, David Scott wrote ‘The Tax System Explained in Beer’,  a well-known parable about the tax system if it was 10 guys drinking in a pub. He missed the point.

MTL

Nil desperandum – the continuing fight between Metals Exploration and its bankers

Metals Exploration (MTL), the gold producer in the Philippines, has announced an agreement to reschedule payments of $63.3 million to its bankers, HSBC and Paribas, concluding on 31 December next year.

WGB
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Walker Greenbank – “Full Year Trading Update” = attempted stealth profit warning

“Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group, announces a trading update for the year ended 31 January 2019. The results for the period are expected to be in line with management's expectations”. So why are the shares currently approaching 10% lower, below 80p?...

YGEN
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Yourgene – debt cleared this is an amazing deal: STRONG BUY (plus comment on Hardman)

Companies often describe deals as “transformational” without any real justification. Yesterday’s deal by Yourgene (YGEN) really is a game changer and is fantastic news for we loyal shareholders.

PGD

Patagonia Gold – in short it’s fecked

Shares in Patagonia Gold (PGD) have more than halved today to 46.5p but the market is being kind. Today’s news is disastrous and things are likely to get far worse.

FGP
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FirstGroup - dumping 'Madchester' bus station & refinancing bonds

I am trying to think if I have ever been to ‘Madchester’ bus station. Whilst I ponder this, I can provide you with the news that FirstGroup (FGP) which apparently used to own it has sold it on for £11 million or so to another transport group Go-Ahead (GOG). How exciting. Much as I would like to talk about transport hubs of the north, there is a serious side to my preliminary waffle…

FOOT
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Footasylum – shares sprint ahead on JD Sports move… but what about trading tripping-up badly?

An “Acquisition of stake by JD Sports Fashion Plc” (JD.) – and a 90% increase in the share price of Footasylum (FOOT) yesterday, to 55.2p. That though still compares to a 164p AIM IPO in just November 2017 – so there value here?...

ISAT

Fancy an Investment in the Final Frontier? Put Your Telescope Up to Inmarsat

Hello Share Pals. I’ve been holding fire over the British space firm Inmarsat (ISAT) recently. And that’s not just because my more intelligent colleague Tom has been critical of my earlier commendations. It’s some time since Tom commented on Inmarsat, so I’m not sure he holds to his earlier critique which held that satellite communication was no longer the encouraging sector than it once was...

Bearcast
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Tom Winnifrith Bearcast: Bloody half term

My daughter Olaf is on half term and bored so has called twice to discuss the great issues of the day. Being an Islington leftie she reckons that ISIS supporting nutter and her son should be allowed back into the UK. I disagree.  In the podcast I also look at  Footasylum (FOOT) and the lardbucket loud-mouth wild card when it comes to being short retail, at Yourgene (YGEN), Falanx (FLX), African Battery Metals (ABM) and Red Rock (RRR), Victoria (VCP), Motif Bio (MTBF) and Plexus (POS). To go heckle the Sith Lord Zak Mir, drink as much free booze as you can and grill Andrew Bell next Monday book your seat HERE

Moneytree

The Tax System Explained in Beer

Suppose that every day, ten men go out for beer, and the bill for all ten comes to £100. If they paid their bill the way we pay our taxes (by taxpayer decile), it would go something like this...

AAOG
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Too many unknowns to make Anglo African Oil and Gas an investment currently

Anglo African Oil and Gas (AAOG) has been hugely popular with private investors over the past few months and has seen big fluctuations in its share price as various pieces of news landed during its recent drill – including a placing to raise more money which Tom Winnifrith exclusively revealed here before it took place.

VCP
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Victoria – argues positive, but how ‘temporary’ can raw material price increase absorption & lower margin product focus really be?

Floorcoverings company Victoria (VCP) has updated including “introduction of lower margin, volume products” and “temporarily absorbed, rather than passed on, substantial increases in underlay raw material prices”, though argues “the board looks forward to a successful 2020 financial year”. Hmmm…

MTFB
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Motif Bio – lender Hercules starts plug pulling and a tweet that did not age well

I warned you all in a bearcast last week that the real threat to Motif Bio (MTFB) was that lender Hercules would start to want its money back and that the company’s cash crisis would thus soon become critical. And lo it came to pass.

KDR

Karelian Diamonds – “Great Pleasure” in presenting Interims justified? Er, no…….SELL!!

This morning AIM-listed Karelian Diamonds (KDR) - the Prof Conroy sister to Conroy Gold and Natural Resources (CGNR) - offered up its Interims to the end of November. Prof Conroy was pleased, but should shareholders be enthused?

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