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Home REIT – surely it is having its cake and eating it as lawyers letters fly
When the bear raider Fraser Perring exposed Home REIT (HOME) its response was to brief against him and to issue an RNS denying the veracity f what he had claimed. In due course it had to admit that in fact Fraser was correct. Home had thus misled investors in a monstrous way. Never missing a good opportunity for a spot of ambulance chasing, lawyer Harcus Parker is on the case.- By Tom Winnifrith |
- 18 April 2024, 13:11 |
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CyanConnode – appointment of a joint broker “with immediate effect”. Why might that be?
Describing itself as “a global leader in Narrowband Radio Frequency Smart Mesh Networks”, CyanConnode (CYAN) states that it “is pleased to announce the appointment of Panmure Gordon (UK) Limited as its joint broker with immediate effect”. Now why might that be?- By Steve Moore |
- 18 April 2024, 13:05 |
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Horse Hill – time for Pennpetro and UK Oil & Gas to ‘fess, the farm in is not going to happen!
David Lenigas warned us all, back in the days when he was promoter in chief at UK Oil & Gas (UKOG), that he was terrified that a foreign multinational would swoop in to buy Horse Hill, the Gatwick Gusher. Those dirty foreigners need to be kept away from this national treasure insisted Mr Lenigas. Wind forward a decade…- By Tom Winnifrith |
- 18 April 2024, 11:44 |
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Zenova – broker and auditor changes, yet more red flags!
A “Change of Auditor and Appointment of Sole Broker”-titled announcement today from fire prevention and extinguishing products group Zenova (ZED) currently sees the shares down to 1.5p. With they having been 2.65p just last month, what’s the outlook here?- By Steve Moore |
- 18 April 2024, 11:08 |
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Swanny wants boardroom change – EGM called for Chill Brands
There are suggestions that Jonathan “kiss of death” Swann saw management accounts at Chill Brands (CHLL) and was panicked by how bad they were into calling an EGM to sack chief commercial officer Antonio Russo and chief operating officer Trevor Taylor. As he bought shares the other day that would have been insider dealing. So, I’d bet the ranch that Swanny has not seen the numbers but you don’t need the brains of Lloyd George to know they will be shite.- By Tom Winnifrith |
- 18 April 2024, 08:10 |
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It’s time to book your seats at Sharestock 2024 on September 7, now 50% sold out
As of today half the seats for the third Sharestock event on 7 September are now booked. If you have been before you know why but this year’s event will be bigger and better than any yet. Here is why you should make sure you have a seat HERE today.- By Tom Winnifrith |
- 17 April 2024, 16:04 |
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Touchstar – 2023 results, “another period of improved financial performance” so why the share price fall in response?...
Mobile data computing and managed services provider to industry, Touchstar (TST) has announced results for the 2023 calendar year headlined “Strong operational delivery in 2023 has resulted in another period of improved financial performance”. So what of a share price currently more than 6% lower to below 90p in response?- By Steve Moore |
- 17 April 2024, 16:03 |
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Tom Winnifrith Bearcast: I just don't see the attraction of ASOS
I start with the Mrs admitting that the BBC and the Met Office might just be lying and putting on the heating. Phew. Then it is onto Ferrexpro (FXPO), Surface Transforms (SCE), Nightcap (NGHT), Novacyt (NCYT) and, in detail, ASOS (ASC).- By Tom Winnifrith |
- 17 April 2024, 15:58 |
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Inspecs – 2023 results state “continuing to perform well”. Er, what about the end of year profit warning?!
Describing itself as “a leading designer, manufacturer, and distributor of eyewear”, Inspecs Group (SPEC) has announced results for the 2023 calendar year including noting that it “delivered record sales” and that “the progress that we have made in 2023 is now delivering increased distribution of our brands to both key accounts and our independent markets. Whilst consumer markets in Europe remain subdued, our businesses are continuing to perform well”. With the shares currently responding up to above 50p, just how well is it “continuing to perform”?- By Steve Moore |
- 17 April 2024, 14:14 |
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EXPOSE: Wyld – why is Tern exercising fewer T04 warrants than Jonathan Swann when it claims it has a much larger shareholding?
Today, joke company Wyld issued a Press release announcing, “that major shareholders in the Company, and members of the board of directors and management that hold warrants, have informed the Company that they intend to exercise all their warrants of series TO4.”- By Tom Winnifrith |
- 17 April 2024, 13:10 |
Video: There is no bubble in gold
Trader Tony Greer from the Morning Navigator is bullish on gold, the S&P, industrial miners, and uranium, while bearish on bonds.- By Tom Winnifrith |
- 17 April 2024, 12:14 |
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I'd be amazed if the GCM Resources Phulbari project ever gets sanctioned given the impact on the environment and local people - avoid
I’ve never been a fan of Bangladeshi coal miner, GCM Resources (GCM), so noticed that it suddenly seems to be popular again on various social media platforms, as often seems to occur every couple of years.- By Gary Newman |
- 17 April 2024, 11:43 |
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Surface Transforms – “2024 Sales Outlook” down from just last week! And what about the balance sheet position that dare not speak its name again?
Manufacturer of carbon fibre reinforced ceramic disc brake materials Surface Transforms (SCE) has issued a “2024 Sales Outlook” announcement, including “sales are anticipated to grow by a minimum of 111% in 2024 and up to 165% compared to FY 2023 sales of £8.3m, resulting in a projected FY 2024 range of £17.5m to £22m sales” and that it is “providing this range of outcomes for the year, in response to shareholder request for "worst case scenarios". We remain committed to achieving the higher end of this range”. So why a share price currently further down to 3.5p in response?- By Steve Moore |
- 17 April 2024, 11:28 |
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Oxford Nanopore from £3.7 billion at IPO to £846 million, I'm massively vindicated but is it still a short?
I was a bear at the 425p Neil Woodford backed IPO just 31 months ago. I was still a bear at 160p on February on 7 February this year. 10 weeks later the shares are just 94.4p. Even I did not see such a collapse. Is it time to close the short or is it time for Oxford Nanopore (ONT) to explain what is going on with an RNS.- By Tom Winnifrith |
- 17 April 2024, 11:23 |
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The Supply@ME Capital and Regtech frauds see shares plunge to new lows, with endgame imminent does the Fat Lady speak Italian?
This morning shares in Regtech Open ( listed at 100p last August) trade at an all time low of 1.8p-2p with sod all volume. Shares in its sister fraud Supply@ME Capital (SYME) are now at an all time low of 0.025p having started their market career at well over a penny. So what next?- By Tom Winnifrith |
- 17 April 2024, 10:36 |
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Non-disclosure: it’s what they are not saying but does anyone give a FF about the rules anymore?
The past ten days has shown that, twice, Ben’s Creek (BEN) and its, regulated by the FCA, Advisor Allenby has sat on adverse price sensitive information thus creating a disorderly market. Ben’s is going bust and desperate times call for desperate measures but Allenby is regulated and knows that price sensitive information must be disclosed at once. Will the FCA throw the book at it as it should? Whaddya think?- By Tom Winnifrith |
- 17 April 2024, 09:44 |
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Fitch downgrades Petrofac to 'CC'; Removes RWN: this is damning
The credit rating agency Fitch has downgraded its stance on Petrofac's debt to CC. If that is how the debt is viewed that tells you that the equity is worth little or nothing ( as some of us have warned for a long while!). The report is damning and reads:- By Tom Winnifrith |
- 16 April 2024, 15:51 |
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Hollywood Bowl – argues ‘strong growth’, but how “strong” really?…
Previously writing on group now describing itself as “operator of the UK's and Canada's largest ten-pin bowling brands” Hollywood Bowl (BOWL), towards the end of 2022 I concluded that the shares potentially offered good value at 237p. They most recently closed at 335.5p and what of them currently sliding towards 330p on the back of a “Half Year Trading Update”?
- By Steve Moore |
- 16 April 2024, 15:50 |
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Sosandar – Full Year Trading Update Misses Targets
AIM-listed online ladieswear purveyor, Sosandar (SOS), released a full year trading update the morning, boasting a “strong H2 with FY24 revenue growth of 9%”. But the shares are off, last seen by 11%.What’s going on here?- By Nigel Somerville |
- 16 April 2024, 14:11 |
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Tom Winnifrith Bearcast: The shocking sense of of entitlement of this prat from Wales
I start on bank branch closures and the self entitlement of a prat from Wales, in fact many prats from Wales. Then it is onto unemployment and economic inactivity, something Wales is jolly good at. Then Chill Brands (CHLL) and the curse of Swanny, BSF Enterprises (BSFA), Superdry (SDRY), Petrofac (PFC) and Sosandar (SOS)- By Tom Winnifrith |
- 16 April 2024, 13:37 |