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CAP-XX – “Update on IP and appeals process”, attempted ramptastic?…
Describing itself as “a world leader in the design and manufacture of supercapacitors and energy management systems”, CAP-XX (CPX) has issued a “Update on IP and appeals process”-titled announcement – and what of the shares currently more than 14% higher at 0.80p in response?- By Steve Moore |
- 10 January 2024, 15:59 |
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Tom Winnifrith Bearcast: a morning with the Shipmans for me, and very good news from Kefi, it could be a ten bagger
I start with my medical issues and seeing the very efficient Shipmans in Chester. Mind you old Harold was very efficient too. Then it is onto Kefi Gold & Copper (KEFI), Cellular Goods (CBX), Reabold (RBD), Procook (PROC), Mercantile Ports & Logistics (MPL) and the fraud Supply@ME Capital (SYME) and what the FCA should do next.- By Tom Winnifrith |
- 10 January 2024, 14:46 |
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Gym Group – emphasises continued “positive trading trends”. Er, what about underlying net cash generation?…
UK “leading low-cost gym” business The Gym Group (GYM) states that it “is pleased to announce that the positive trading trends highlighted in our H1 results have continued throughout the remainder of the year”. However, on those results and a slightly further down to 111.8p share price, I questioned how well positioned it was to ‘take advantage of growth opportunities’. So what of the trading update today and a current 106.2p share price?
- By Steve Moore |
- 10 January 2024, 14:15 |
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NightCap: says Christmas Brilliant but data offered is very peculiar and look at the debt as dry January and February gets underway
Naturally Sarah Willingham gushes about what a great Christmas her cash strapped bars group NightCap (NGHT) enjoyed. Well up to a point sweetie. The data you put out is very peculiar and defies rational explanation and as we enter dry ( and cold) January and February, the balance sheet looks very dicey indeed.- By Tom Winnifrith |
- 10 January 2024, 13:56 |
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Marks Electrical – profit warning, if I could spot the challenging consumer outlook why didn’t it?!
Previously on Marks Electrical Group (MRK), in November I wrote argues “strong first half trading period”, er what about the profit and forecast falls?! – concluding, even with the shares further down to 90p, with also a still challenging consumer outlook and a still above £94 million market cap I suggest the shares still an avoid/sell. Today a “trading update” from the self-described UK “fast-growing online electrical retailer”, so why are the shares significantly further down in response to 66.5p?!
- By Steve Moore |
- 10 January 2024, 11:32 |
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Sosandar – Christmas Trading Update: Brave, Or Lunacy?
AIM-listed Sosandar (SOS) issued up a trading update this morning, boasting a 23% revenue increase over last year during its Q3 (the all-important Christmas period). Margins were up, cash was up….but its FY forecast remains at just £0.1 million pre-tax profit. What to make of this?- By Nigel Somerville |
- 10 January 2024, 10:10 |
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Winnileaks EXCLUSIVE: Three Letters from the Canadian Overseas Shareholder Action Group to the FCA, advisors and the company
For all the bluster I am more and more convinced that the Canadian Overseas Petroleum (COPL) Shareholder Action Group (SAG) are just a bunch of crybaby losers who cannot accept that they ignored numerous warnings from myself and others ( abusing me on social media for being wrong) about how bad the assets and management of Canadian were and how it would end in tears. The letter it has sent to the FCA is to a generic address. That is a sign that these losers are just scrabbling around. The failure of the SAG to understand how a death spiral works and what a breach of covenant means is another sign of how utterly clueless they are. Anyhow, thanks to Winnileaks, I have three emails sent in the past 14 days. 1 to the FCA, 2 to advisors and a third to the company. Enjoy.- By Tom Winnifrith |
- 10 January 2024, 08:11 |
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Technology Minerals: a few more thoughts from the nest of snakes
The Technology Minerals (TM1) hook up with “colourful” death spiral provider of last resort CLG, announced on Monday, is a massive red flag in itself. One feature is that only £2 million of the £5 million facility can be drawn down without the FCA approving the RTO of Chris Cleverly founded Recyclus. And that must be a problem given the Tingo (US:TIO) scandal. At the very least…- By Tom Winnifrith |
- 10 January 2024, 08:11 |
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Mobile Streams – proposed reduced capital raise price “following stakeholder engagement”. I wonder why!…
Mobile Streams (MOS) has announced a proposed placing and an offer via the BookBuild platform to each raise gross proceeds of up to £300,000, stating that “the capital raise is in line with the company's stated intentions as announced on 12 December 2023… to fund the expansion of its operations in Mexico and for PLC working capital”.- By Steve Moore |
- 10 January 2024, 08:10 |
Heavy Construction Is this Clever Outfit's Game and There's Plenty of Demand Building for That
Hello Share Grinders. There are times when I can’t confidently recommend a promising penny share for you. And then I go back to the better bets among the mid caps and the jumbos. Today’s choice looks undervalued to me and should do better than most when the market resumes a bullish New Year stride. Sadly, that has a yet to happen, but in the meantime still take a peek at my choice today.- By Malcolm Stacey |
- 10 January 2024, 08:09 |
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Gotcha! Inspirit ‘Fesses Up But Is It Still Misleading? Another Letter To AIM Regulation!
Last week I wrote to AIM Regulation, noting another AIM finance director of the year (not!) foul-up by Nilesh Jagatia regarding the FY23 accounts of AIM-listed Inspirit Energy (INSP). Last night, at 4.04pm, the company released a statement which I wonder if it is still attempting to mislead. As such, another missive to AIM Regulation follows…..- By Nigel Somerville, the Deputy Sheriff of AIM |
- 9 January 2024, 16:54 |
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Tom Winnifrith Bearcast: Here is a 1 billion quid plus stock told you to short, you really can short and you should still short
In today's bearcast I look at Canadian Overseas Petroleum (COPL), Advanced Oncotherapy (AVO), Tiger Royalties (TIR), Jubilee Metals (JLP), African Pioneer (AFP), Verditek (VDTK) and Oxford Nanopore (ONT).- By Tom Winnifrith |
- 9 January 2024, 16:30 |
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Chamberlin – “has continued to perform well”… so why the significantly discounted equity raise then?!
Previously on castings and engineering company Chamberlin (CMH), in January last year I wrote ‘last month with the shares up to 3.95p I noted “Corporate Update”, attempted ramptastic?… And now a “pleased to announce” equity raise – quelle surprise!’. This December there was again from the company a “Corporate Update” helping the shares back up towards 3p and now, guess what…
- By Steve Moore |
- 9 January 2024, 16:29 |
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Hays – profit warning, a warning on the sector and macroeconomic outlooks ahead?…
Recruitment company Hays plc (HAS), noting that at end-2023 it had c.12,300 employees in 249 offices in 33 countries and covered recruitment in 21 professional and skilled specialisms, whilst adding “in addition to our international and sectoral diversification, in Q2 FY24 the group’s net fees were generated 59% from temporary and 41% from permanent placement markets”, has issued a Q2 (to 31st December 2023) FY24 trading statement. With its noted diversification, a good insight into both the sector and macroeconomic situations then. And…- By Steve Moore |
- 9 January 2024, 14:05 |
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Cellular Goods Mike Edwards share purchase spoof, he must think BB Morons are morons? He’s right: they are!
Yesterday, I looked at the shock return of Mike Edwards to Cellular Goods (CBX) as a NED. Today Cellular shares have jumped by 17% as it was announced that Edwards had bought 5.5 million shares at 0.325p. Boy the morons loved that. But hang on Henry…- By Tom Winnifrith |
- 9 January 2024, 13:40 |
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BREAKING: Canadian Overseas Petroleum: a lawyer writes
Not just any lawyer but a very senior and respected lawyer, a KC.- By Tom Winnifrith |
- 9 January 2024, 12:18 |
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Advanced Oncotherapy cash negligible, owes £69m, no accounts yet still AIM won’t boot it off
Communications over the past couple of days with the Oxymorons at AIM Regulation, the minions of Marcus Stuttard, have at least forced a statement and adman depressing one from Advanced Oncotherapy (AVO). But the Oxymorons still will not boot it off the sewer as they should have done on December 31. What is the point of rules that are just not enforced?- By Tom Winnifrith |
- 9 January 2024, 12:01 |
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Zytronic – results argue “grounds for cautious optimism over the medium term”. Er, what about the near term?…
Touch sensors manufacturer Zytronic (ZYT) is a former HotStockRockets tip, though where it was suggested to switch into something else with the shares still above 100p last May considering the company’s near-term outlook. The shares most recently closed at 80p, and now what of the company’s year ended 30th September 2023 results currently seeing them down at 60p?- By Steve Moore |
- 9 January 2024, 11:47 |
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The collapse of Scottish housebuilder Stewart Milne: a canary in the coalmine or a one off?
217 former workers at Milne will not really be bothered as to why their employer has gone bust. They start the New Year in the corrupt Greece of the North, the socialist wannabee republic of Scotland looking for a new job. Is this a sign of worse to come in the housebuilding sector, so beloved of my colleague Malcolm Stacey?- By Tom Winnifrith |
- 9 January 2024, 11:35 |
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Technology Minerals and its new finance partner: is this the worst customer review in history?
Desperate times call for desperate measures and Technology Minerals (TM1) the company originally created by the fraudster Chris Cleverly of Tingo (TIO) and African Potash (AFPO) infamy is in a financial black hole. No respectable financier will bail it out and so yesterday it announced its second deal in three months with CLG Capital run by Charles Ofori. You will enjoy this…- By Tom Winnifrith |
- 9 January 2024, 08:00 |