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Speedy Hire – “towards the lower end of the board's expectations”. Er, just how ‘low’ was that ‘lower end’ then?...
Describing itself as “the UK's leading tools and equipment hire services company”, Speedy Hire (SDY) has issued a trading update commencing that, for its year ended 31st March 2024 it “has performed resiliently”, and adding that it “has secured additional annual turnover in excess of £40m across multi-year contracts” which gives confidence for growth in this year and beyond. So what of a share price, already down from 36p in January, currently more than 3% further down at 24.5p?- By Steve Moore |
- 10 April 2024, 11:14 |
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Is your stockbroker a disabled transgender person of colour? It is awards time!
I guess that PIMFA, the trade body for wealth management, investment services and the financial advice and planning industry has not boned up on the research showing that diversity does not lead to any material outperformance at all. Because, for the 4th time, it is awards time.- By Tom Winnifrith |
- 10 April 2024, 10:53 |
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Cleantech Lithium – Roland “Fatty” Cornish actively signs off on deception as CEO hides dumping of his entire stake
London’s worst Nomad, Roland “Fatty” Cornish signed off on an RNS yesterday from Cleantech Lithium (CTL) with the headline “director’s share dealings.” That sounded innocuous and most folks, myself included, will have ignored it as a nothingburger. That is what Fatty wanted. In reality the news was a bombshell and so the market was deceived by “fatty.” This is serious. In terms Fatty will understand, It is like ordering spotted dick with lashings of custard at the end of an eight course luncheon and being served Eton mess but told it really is spotted dick.- By Tom Winnifrith, the Sheriff of AIM |
- 10 April 2024, 10:37 |
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UPDATED: Has Tesco caved to the Jew haters – I ask the question & it appears not
Given the large number of folks who are boycotting Israeli goods and even defacing them and damaging them in supermarkets, I have made a point of buying as many Israeli products at possible in the family’s weekly shop at Tesco (TSCO), as I noted HERE. A core part of that shopping has been twin packs of Israeli avocados. Until Monday…- By Tom Winnifrith |
- 10 April 2024, 09:30 |
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Pete Brailey says short the £400m Pantheon ramp
He was too bust smoking 140 cigarettes yesterday to comment during the working day on the big spike on the Pantheon Resources (PANR) share price which I flagged up as spurious in bearcast HERE. But Peter has now sent over his thoughts which are below.- By Tom Winnifrith |
- 10 April 2024, 08:44 |
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Tom Winnifrith Bearcast: Should I care if Shell goes to America?
I do not own the shares. A 3.82% yield for an oil major does not float my boat. But if I was a shareholder I would not object. What does this say about the wider market and UK PLC? I discuss naivete from Labour on tax, a lesson from Uncle Chris on how to agree to disagree with crazed Brian Basham, Procook (PROC), Online Blockchain (OBC), Tern (TERN), Ben's Creek (BEN) and ouzo man and Pantheon Resources (PANR)- By Tom Winnifrith |
- 9 April 2024, 16:10 |
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Gresham Technologies – how “pleased” to be with recommended offer?
Data, banking integration, payments and cash management software company Gresham Technologies (GHT) is “pleased to announce… a recommended cash offer” from STG Partners private equity firm. How ‘pleasing’ is it though, with the shares currently up to just above 160p?- By Steve Moore |
- 9 April 2024, 15:59 |
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Tasty plc – requires “restructuring plan” including lease exits and creditor write-offs approvals, or it’s cash crunch ahoy!
Previously writing on ‘Wildwood’ ('pizza, pasta, grill') and ‘dim t’ (pan-Asian) casual dining restaurants company Tasty (TAST), just over a year ago with the shares down to 2.25p I wrote full-year results, cash flow and balance sheet sickly. The shares most recently closed at 1.05p and now an intra-day (uh oh!), 10:47am, “Trading Update, Restructuring Plan and Loan”-titled announcement.
- By Steve Moore |
- 9 April 2024, 14:09 |
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Oracle Power: Cynical Foul
This website has been perennially bearish on Oracle Power (ORCP) and has been vindicated in that view. The company is clearly running on vapours and to that end it is trying to pump the shares ahead of the next bailout placing. So today we have a cynical announcement.- By Tom Winnifrith |
- 9 April 2024, 13:46 |
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Explaining free speech with a cartoon for the 10th time for defamatory fantastist and liar Magna Carta
For the 10th time - the first perhaps for our many new readers - I feel the need to explain what free speech really means. I do this for Magna Carta , a poster here, who seems to think that we are obliged to approve & publish his comments which are defamatory and in some cases just so unpleasant that I do wonder for his twisted little mind. Not bold enough to post in his own name and a man proven to have lied, inter alia, about attending Sharestock and about loss making spread bets, Magna posts several times each day about myself and Kefi Gold & Copper (KEFI). He is obsessive.- By Tom Winnifrith |
- 9 April 2024, 13:20 |
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Tern: this is just a spoof, Talking Medicines “trading statement”
Quite clearly, as per my earlier article, Tern (TERN) has rapidly dwindling cash balances and a stack of hungry mouths, the investee companies, to feed. If it does not do yet another placing - which will be deeply discounted – within the next couple of months, I am a banana and it will be toast. And with that in mind there is a ramptastic RNS.- By Tom Winnifrith |
- 9 April 2024, 12:16 |
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Surface Transforms – after another discounted equity fundraise as recently as November, surely it’s not liquidity crunch ahoy again?…
Manufacturer of carbon fibre reinforced ceramic disc brake materials Surface Transforms (SCE) commences a “Q1 2024 sales and operations update”-titled announcement with that it “reconfirms unchanged sales guidance of £23m for the 2024 financial year”. So why a current share price response to below 7p, down more than 27%?- By Steve Moore |
- 9 April 2024, 11:10 |
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Reader: You are being far too soft on Clem Chambers. I plead guilty, this is SHOCKING!
I thought that I gave Clem, a man grown obese on expensive wining and dining claimed on his ADVFN (AFN) expenses account in my article earlier about Online Blockchain (OBC). But a reader slams me as being, as is my wont, far too charitable and generous. Mea culpa, time for a second helping Clem?- By Tom Winnifrith |
- 9 April 2024, 10:38 |
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Cirata – where the hell is the cash going?
I reckon that anyone who uses the phrase “The cadence of customer interaction” is an A grade corporate wanker and almost certainly has an MBA. Step forward Stephen Kelly the grossly overpaid new CEO at Cirata (CRTA), the dog formerly known as the fraud Wandisco.- By Tom Winnifrith |
- 9 April 2024, 09:49 |
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Tern – Wyld T04 warrant fund raising & a looming margin call
Tern (TERN) shares have risen strongly in recent days following an investor presentation and and a, paid for, report prepared by Progressive which highlighted the potential jam tomorrow of its 4 largest holdings being Device Authority, Talking Medicines, Fundamental VR and Wyld Networks. Konetiko of course having being placed into administration.
- By Tom Winnifrith, the Sheriff of AIM |
- 9 April 2024, 08:22 |
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Clem Chambers trough-fest Online Blockchain Annual Report finally surfaces and it’s a hoot
Thrown off the AIM sewer on January 5 2024 after its Nomad, London’s worst, Roland “fatty” Cornish quit, Online Blockchain (OBC) has finally, yesterday, filed its annual report for the year to June 30th 2023. You really could not make it up. Awarding himself a 25% pay rise, boss Clem Chambers is a laugh a minute. He starts off with Fatty’s Resignation. Natch it was not Clem’s fault.- By Tom Winnifrith, the Sheriff of AIM |
- 9 April 2024, 08:09 |
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Cake Box – “Full Year Trading Update”, why the profit and its comparatives that dare not speak their names?
Describing itself as the “UK's largest retailer of fresh cream celebration cakes”, Cake Box Holdings (CBOX) has issued a trading update headlined “Strong growth across the business resulting in full year profits slightly ahead of market expectations”. How impressive is the performance from a, currently just over 2% higher in response, 164.5p share price?- By Steve Moore |
- 8 April 2024, 15:59 |
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Tom Winnifrith Bearcast: the price of a loaf of bread was 26p in 1980 & I bet teachers were lazy then too
In today's bearcast I discuss lazy teachers, share buybacks, Lloyds (LLOY), Victoria (VCP), gold and bread prices annd signs of a top in gold stocks and what my target is for Jubilee Metals (JLP). Then there is Ben's Creek (BEN) where the 0p target is perhaps just days away. Let the recriminations begin...- By Tom Winnifrith |
- 8 April 2024, 15:55 |
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Tekmar – “Contract Awards”, but announcement RNS Reach attempted ramptastic?
A “Contract Awards”-titled announcement from Tekmar Group (TGP) includes that it “is pleased to announce it has recently secured a number of contract awards, with a cumulative value of approximately £6 million” and emphasising that it is “continuing to secure contract volume on more favourable terms and our pipeline and enquiry book remains healthy”. So what of a current more than 5% higher share price response to 9.25p?- By Steve Moore |
- 8 April 2024, 13:58 |
Video: From a Cyclical Low to a Super Bull – Why This Could be Gold’s Decade
Analyst Adam Hamilton says that the recent rally in gold prices is driven by fundamentals, technicals, and sentiment, with seasonality playing a small role. He noted that gold stocks are undervalued compared to gold prices, presenting a significant opportunity for investors.- By Tom Winnifrith |
- 8 April 2024, 13:31 |