Keyword results: CVA

RBG
RBG

Revolution Bars – full-year results, Christmas activity to continue to be slower than normally expected?

UK operator of 67 bars, Revolution Bars Group (RBG) has announced results for its year ended 3rd July 2021 and that it, “continuing from the positive like-for-like growth before the pandemic… are excited to have seen LFL growth in FY22 since 19 July, when restrictions fully relaxed in England, at 14% versus the comparable period of FY20, the last normal period of trade”. So why are the shares currently more than 6% lower at around 25p?…

RTN
RTN
PREMIUM CONTENT

The Restaurant Group – argues “well positioned to benefit from a sustained removal of restrictions”. Really?...

“Further Covid-19 update” from WagamamaFrankie & Benny’s and Brunning & Price owner The Restaurant Group (RTN) commencing, “Through a range of decisive management actions, cash-burn during the November national lockdown was minimised to c. £5.5m for the month”. Is a current 7% lower share price response, to below 63p, justified?…

Subscribe to ShareProphets to access Premium Content
RTN
RTN
PREMIUM CONTENT

Restaurant Group – interims argue “very encouraging” trading performance post-lockdown, BUT...

The Restaurant Group (TRG) has announced results for its half-year ended 28th June 2020, including emphasising “decisive response to COVID-19 pandemic… implemented significant restructuring actions resulting in a higher quality, diversified estate” and “trading performance post-lockdown (for the 11 weeks from July 4th to 20th September 2020) with c.90% of the retained estate now open has been very encouraging… Wagamama: Like-for-like sales growth of 11%… Leisure: LFL sales growth of 4%… Pubs: LFL sales growth of 14%” – and the shares have currently responded to above 57p, 5% higher…

Subscribe to ShareProphets to access Premium Content
MTC
MTC
PREMIUM CONTENT

Mothercare to shut its 79 UK stores and sack 2,500 workers: Quelle fecking surprise!

It was only a week ago that on orders from the evil PR spinners at Mothercare (MTC) the Sunday Times was running a puff piece about how the company was bringing in “restructuring experts” to look at its 79 UK stores (having shuttered another 55 in a CVA not that long ago) which racked up losses of £36 million last year. How time flies for the discredited deadwood press. Today Mothercare has called in the administrators for its UK stores.

Subscribe to ShareProphets to access Premium Content
Chocolate-Teapot

Has the chocolate teapot that is the FCA finally woken up to the City of London Markets scandal?

For a potted background on the joke of a firm that is City of London Markets (COLM) see HERE. The fact that the company is still operating defies belief and illustrates precisely why the FCA is not fit for purpose.

Nighthawk - bank calls default on loans - wa wa wa wipeout on the way, company fesses up

Oh dear the fat lady needs to get on stage quick. I have been warning you that Nighthawk (HAWK) was worthless toast for ages but as ever the bulletin board savants knew better. Well folks now the company has fessed up. Once again the scoreboard reads: The Sheriff of AIM 5 Morons 0.

SEV
SEV

Servision updates again and it is even worse news - another Kill for the Sheriff of AIM

AIM-listed Servision (SEV) has updated the market once again regarding its suspension pending clarification of financial position. We had already been told that investors are unlikely to get much (or, indeed, anything at all) but previously a third party had expressed an interest in acquiring Servision Ltd (the operating business) – good(ish) news, but for Servision Ltd having come under the bankruptcy protection of the Israeli court. We were told yesterday that the court rejected an application from Servision plc to pursue a sale. Oh dear.

KIN
KIN

Kin Group – GM result, seemingly not long now until the dilution-almost-to-oblivion confetti issuance extraordinaire

A previous announcement from Kin Group (KIN) included “the proposals are in effect now conditional upon the consolidation being approved at the General Meeting to be held on 13 November 2017”. There’s now a “Result of General Meeting” announcement…

CGP
CGP

Cogenpower is being pumped hard and i see little or no value

Forgive me for being cynical, but when a load of private investors who are known for taking part in placings suddenly start raving about how great a tiny AIM company is, then flipping the recent equity raise immediately springs to mind!

KIN
KIN

Kin Group – share consolidation & resumption of trading on AIM proposals. Let the selling begin!

I previously noted on Kin Group (KIN) that proposed share consolidation delays dilution to oblivion, but at least it should be a good Christmas round at broker Peterhouse hey! There is now a “Consolidation of share capital & GM Notice” announcement from the company…

Bearcast

Tom Winnifrith Bearcast - the weirdest rumour re Advanced Oncotherapy, Sound hype is exposed by the acid test, now for the fit young mums

I must rush. The fit young mums are waiting. Ahead of that, Advanced Oncotherapy (AVO) really should comment on the weirdest rumour which I relay. Redcentric (RCN) answers one question but many remain. Then Sound Energy (SOU) hype takes the acid test of a trade sale of its Italian assets and the real value is exposed. Sound really is so much hot air. Finally a look at the CVA and rape of shareholders and creditors of Kin Group (KIN)  by broker Peterhouse and the new, crony capitalist, directors.  

Listen to the Bearcast:
WRN
WRN

The Worthington CVA - this is comedy genius

Prompted by our shock revelations yesterday Worthington (WRN) has been forced to put out a statement to explain why it itself is heading for a CVA. It really is comedy genius.

Alpha Returns and the murky world of Shidu – this stinks

In 2012 Digital Learning Marketplace plc (DLM) was in financial trouble which eventually saw the company restructured into a cash shell. I’ve already written on a placing of shares in Aug 2012 which contravened the Placing Letters, untrue RNS releases, the issue of unannounced loans - in particular a £50k convertible loan issued 1st Oct 2012 which mysteriously survived a CVA which was part of the restructuring and a whole lot more besides.

Pig

Roland “Fatty” Cornish – We will publish any response you may have: here is your Charge Sheet

Four times, or perhaps it is five, we have asked the AIM Regulation Team to investigate whether Roland “Fatty” Cornish and his firm Beaumont Cornish, is fit to continue acting as a Nominated Advisor (Nomad) in light of our revelations about events at Digital Learning Marketplace (DLM) in 2012. We now publish a full charge sheet. If Fatty wants to exercise a right to reply we will publish it. Pro tem we will pass this too onto AIM Regulation.

Angus Forrest of Tern hits back at “unwarranted abuse” from Tom W & Nigel Somerville

Angus Forrest of Tern (TERN) has asked that we publish in full a letter in which he laments the piss poor journalism of Tom Winnifrith and Nigel Somerville.  We are delighted to publish Mr. Forrest’s letter since we believe it incriminates him even more in scandal.  Our response will follow within ten minutes. Forrest writes: 

The Pedants are Revolting: Angus Forrest of Tern PLC the Guillotine awaits you: New Lies Revealed

Between myself and Tom Winnifrith we have shown you ample evidence that while at AIM listed Digital Learning marketplace (DLM) now called Alpha Returns (ARGP) Angus Forrest and Bruce Leith misled investors in RNS after RNS and also committed corporate malfeasance regarding its CVA, I have also show how Forrest has misled investors at Tern (TERN) the AIM Cesspit company where the two men are now in charge. Surely Tern’s Non Exec and advisors must know that no-one will buy shares in their company until these two men face the guillotine. The peasants have had enough.  Just for the hell of it I flag something else…

An Open Letter to Laurence Read at Tern ….Forrest has been untruthful on YOUR watch too

Surely by now the damning revelations about the behaviour of Angus Forrest and Bruce Leith while they ran Digital Learning Marketplace (DLM), now Alpha Returns (RGP) into the ground must have made Laurence Read, the non exec at Tern PLC (TERN) where Forrest and Leith are in charge demand that heads must roll. Apparently not. So now I expose how Mr Forest has also been somewhat economical with the actualities at Tern as well. I have written an open letter to Laurence explaining it all.

Angus Forrest & Bruce Leith of Tern and that Joke of a CVA Document – a lot more

Earlier today one of the deputy Sheriffs of AIM, Comrade Somerville, flagged up massive issues with the CVA agreed by Digital Learning Marketplace (DLM), now Alpha Returns (ARGP) under the watch of Angus Forrest and Bruce Leith, the two men now running Tern PLC (TERN), into the ground. But Deputy Somerville misses out a couple of points which just add to the scandal which, in a just world, would mean Forrest & Leith swinging on a corporate noose this week.

Angus Forrest, DLM and the AIM Cesspit tale of woe Part 6 – the CVA which does not add up

I have already revealed enough in my first five articles in this series to get regulators crawling all over the mess that was Digital Learning Marketplace (DLM) run by Angus Forrest and Bruce Leith. Tom Winnifrith has taken the matter further and it is now clear that Tern PLC (TERN) must sack both Forest & Leith without any delay. The fact that it has not and that its City Fat Cat advisors (WH Ireland and Peterhouse) will not step in just shows how the Cesspit that is AIM stinks. I now turn to the CVA where Forest & Leith committed corporate malfeasance and issued false RNS statements.

The Lies of Angus Forrest – Let’s start with a small one (well FOUR) as his SACKING beckons

Angus Forrest the chairman of Tern (TERN) and his sidekick Bruce Leith must be sacked at once for the series of lies they told while running AIM Cesspit listed Digital Learning Marketplace between June and September 2012 and for the clear corporate malfeasance that took place. The are now officially "In sights" and the Sheriff of AIM is on the warpath - see HERE. The list of Forrest's crimes exposed here is growing so just to start of what will be a blitz of revelations I offer him an easy opener. When did DLM part company with its CEO Andy Hasoon?

Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Complete Coverage

Recent Comments

|