Keyword results: IPO

AOM
AOM

ActiveOps – “pleased to announce” full-year results. Really?

Previously writing on ActiveOps (AOM), in March with the shares down to 97.5p I concluded that with the valuation still a significant premium on tangible metrics I’d still currently avoid. With the shares having last closed at 74p and the self-described “leading provider of Management Process Automation software now “pleased to announce its unaudited results for the financial year ended 31 March 2022”, what’s the outlook from here?

UHS
UHS
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Finally, the FCA boots Umuthi off the Standard List - yet it is understandably shy as to why, given its own failure to stop this fraud

A year after its shares were suspended, South African fraud, Umuthi (UHS), has been booted off the Standard List. The regulator is rather coy as to why - perhaps due to its own incompetence in ever admitting this POS.

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Bearcast
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Tom Winnifrith Bearcast: arguing with Steve O'Hara, as we miss out on Darren the Leatherman and Lucian the cowboy

I apologise for ShareProphets's lack of Pride celebrations, unlike the big corporates. Next year. Or maybe not. Then, it is on to my argument with Steve O'Hara at Optibiotix (OPTI). I do not regret buying more shares, but I am, nevertheless, cross. I explain this, before looking at Dev Clever (DEV) and something very fishy indeed. After that, I discuss Ben's Creek (BEN), the Adam Wilson CV and why this will all end in tears. Finally, an IPO: Alteration Earth (ALTE), and why you should avoid it like the plague.

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Mode sneaks through its latest fundraise within the notes to accounts and continues to burn through cash - a bargepole SELL

As many of you reading this will know, I’m not exactly a fan of Mode Global Holdings (MODE) and even less so after its latest antics where it hasn’t exactly gone out of its way to inform investors about its latest fundraise!

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AAU
AAU

Ariana Resources – “significant progress” across projects, Buy

Ariana Resources (AAU) has announced significant progress across its projects, “most notably" the construction of Tavsan, with associated development activities being ramped up.

MEX
MEX
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Tortilla Mexican Grill dumps auditor, nine months after IPO: red flag?

Tortilla Mexican Grill (MEX), the mid-market restaurant chain, has announced that just nine months after its IPO, it has dumped existing auditors, Blick Rothenburg. And after a competitive tender, it has appointed Haysmacintyre LLP as its new statutory auditor.  Odd timing: is this a red flag?

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Bearcast
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Tom Winnifrith Bearcast: happy anniversary, Forward Partners. Not! And so much pride in Joshua ahead of sports day

He might come home with a raft of certificates for "Welsh speaker of the week", or other such academic achievements, but Joshua is no great sportsman. Yet this afternoon, it is the school sports day, and the whole family is off to watch him. Discussing what lies ahead with him as we walked to school this morning, filled me with pride. In the main podcast, I look at Forward Partners (FWD) - another disastrous 2021 IPO; Petropavlovsk (POG), as it races to zero; Genflow Biosciences (GENF); MGC Pharmaceuticals (MXC) - placing ahoy; and Verditek (VDTK), where things could get very messy within days. Ref MXC, I discuss two historic examples of biotech's presenting data - on AIDS "cures", and its spoof ramp last week.

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I warned explicitly about ProCook BEFORE its IPO Last November; now, a dire warning as shares collapse

The big institutions all barreled in to ProCook (PROC), since they knew better than Old Tom Winnifrith, despite his explicit warnings why this would end in tears. So, too, did Primary Bid, which was a keen supporter - as was our own Malcolm Stacey. What was he thinking?  But, just seven months after the IPO comes a disastrous profits warning, and the shares have collapsed.  While Malcolm drowns his sorrows with an extra pint of Old Mother' Green's organic ale, it is ouzo time at the Welsh Hovel. But do the founding O’Neill family, who flogged tens of millions worth of shares to dumb IIs, really care?

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Parsley Box – after IPO puke, now corporate greed vomit...

Parsley Box (MEAL) has issued a “Grant of share incentive awards to Executive Directors”-titled announcement with the “incentive awards” being share options at 20.5p per share. The group listed on AIM at the end of March last year, emphasising “it is just the beginning of our journey serving the Baby Boomer+ demographic… looking forward to leading the business through our accelerated growth plans to become a household name”... at 200p per share!

Bearcast
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Tom Winnifrith Bearcast: Tortilla Mexican Grill just does not taste right and as for Chilango

I start with the usual. 94.5% of you are yet to donate, despite the cows, nettles and thorn bush of the weekend. Go on, just a tenner for Rogue Bloggers for Woodlarks; you know it makes sense. Please donate, HERE. In today's podcast, I discuss Vin Murria and M&C Saatchi (SAA); the scoundrels at Ince (INCE) and Deepverge (DVRG); Vast Resources (VAST); Audioboom (BOOM); and finally, Tortilla Mexican Grill (MEX), as it buys Chilango. This looks all wrong - another member of the 2021 IPO hall of shame?

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SHOCKING: Made.com – another disastrous 2021 IPO unravels – is anybody on the board not resigning?

It is only ten and a half months since online furniture seller Made.com (MADE) listed on the Main Market, raising £100million by issuing new shares at 200p while existing shareholders lobbed out a cheeky £90 million of stock onto gullible institutions. Today, after a dismal profits warning, the shares are just 56p to sell. Meanwhile another rat has left the sinking ship as it burns through its ill gotten IPO gains ever more rapidly.

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Bearcast
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Tom Winnifrith Bearcast: Young Steve makes an excellent point and enjoy what will be agony for me tomorrow

His point is about the structure of one of a raft of uber-dog IPOs of 2021, Seraphime (BUMP). But that structure is common to a number of other dogs and willl be their downfall. I am in agony as I prepare for bed for reasons explained HERE. But tomorrow I shall do a 20 mile Woodlarks training walk none the less. Please think of my extreme pain as I walk towards Chester and if you are among the 96% of listeners yet to donate to this great cause please do so HERE 

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Seraphine – further lack of investor confidence could be significant...

Previously writing on maternity and nursing wear group Seraphine (BUMP), earlier this month with the shares down towards 30p I remained bearish. The shares last closed at just above 29p but why are they currently a further approaching 7% lower just today?...

Bearcast
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Tom Winnifrith Bearcast: Dead cat bounces & thieves in the nights and an Italian job for Joshua and myself

I start with the warning of a three-day bearcast break in the summer, and explain why. And of how the cat has stolen all the Es. Then, it is onto the local elections, and a warning for complacent Tories about the thief in the night. Then, Cathie Wood and ARK, which really is going down the plughole.  I look at new Sub Standard List IPO, Kendrick Resources, and give it the Bird. I cover bitcoin; Argo Blockchain (ARB); McColls (MCLS); Kinovo (KINO) - where somebody should be sacked; Wildcat Petroleum (WCAT); and Powerhouse Energy (PHE) . I explain what Steve Moore should do on his weekend "lads break"in Skegness.  Oh to be young again.  Irony.  I forgot to say: thanks to all those who have now donated to Rogue Bloggers for Woodlarks. I shall be training hard again this weekend, with a day of gardening and an 18-20 mile walk. Think of my suffering, and, if you have donated, I thank you. If you are among the 97%of listeners who have not, PLEASE DO SO HERE.

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Newsboy

Quindell fraudster Rob Terry confirms he is not trans as says that his new business is booming

No doubt the ESG loon fund manager mates of Chris Bailey will be gagging to invest in Quob Park,the new venture of Quindell fraudster Rob Terry, becuaseshowing his commitment to diversity, Rob now confirms his correct pronouns to folks who follow him on Linkedin.  Rob is "he, him" for the avoidance of doubt, as you can see below. And showing that crime does pay, Knob Park is booming and hiring. I can't wait for the AIM IPO.

CBX
CBX
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BREAKING: The David Beckham backed pot play Cellular Goods buries bad news at 6.04 PM Friday night

Here in Greece, it was Good Friday but, for shareholders in Cellular Goods (CBX), it was anything but good. Having initially denied reports - on this website - that the Food Standards Agency (FSA) was banning its ingestible CBD products, evil PR genius, Neil Thapar, served up a dreadful admission to ruin folks' weekend. That makes his rather hasty “don’t panic” RNS of 11 April, look all the more disingenuous.

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ProCook – “pleased” with its revenue growth… but what about the outlook?

November IPO at 145p per share, direct-to-consumer specialist kitchenware group ProCook (PROC) has announced Q4 trading results for the 12 weeks ended 3rd April and for its full year. So what of the shares currently at 127p?...

THG
THG
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My advice to THG: forget the bids, focus on achieving profit and free cash flow!

bit over six months ago I observed that there were “so many reasons to keep on avoiding The Hut Group”, which we now know as THG (THG). Since I wrote then the shares have continued post IPO shocking performance and today sit at a circa one quid share price, having been over four quid back in October (and having had an original IPO price of 500p a year before that). So is there an opportunity to buy now or is the smartest view to keep on avoiding?

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HeiQ – full-year trading update, still a sell?

Materials and textiles technologies company HeiQ plc (HEIQ) has issued a trading update noting “particularly strong sales growth in the fourth quarter of the financial year” and that it “continues to see strong demand for its products and anticipates revenue growth of approximately 20% for its 2022 financial year. Whilst there remains significant uncertainty in markets globally, the board is confident that HeiQ's margins will improve during FY22”. So what of a current share price response up just over 5% to 80p?...

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Sensyne – Timber! 175p to 0.8p and booted off AIM in 44 months

Sleazy Labour peer, Lord Drayson, pocketed an £850,000 bonus for floating Sensyne (SENS) at 175p, despite promising the Nomad he would not be so greedy. Now, three and a half years later, it has all gone horribly Pete Tong. So, will he hand the cash back, as those who backed the IPO prepare to lose, more or less, everything? Today, Drayson has got the order of the boot, and, to survive, shareholders face dilution to high heaven, while the shares will be slung off AIM.

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Bearcast
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Tom Winnifrith Bearcast: Does Victorian Plumbing join the 2021 IPO roll call of shame and greed? Is CEO share buying a spoof?

I start with thoughts on changes in the divorce laws, then discuss: Canadian Overseas Petroleum (COPL); Sosandar (SOS), Avacta (AVCT); and finally, in detail, Victorian Plumbing (VIC).

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musicMagpie – shares off another 15% and now just 40p to sell – time for a statement?

It is three weeks until the one-year anniversary of musicMagpie’s (MMAG) IPO at 193p – c/o Peel Hunt – when founder shareholders trousered £93 million dumping stock on institutions. Today, the shares are crashing again, off 15% at just 40p to sell. The spread (10p) tells you something is very wrong. So, what is afoot?

ART
ART
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Artisanal Spirits – another shocking 2021 IPO, misleading with FY Numbers

Okay, this is not on a par with musicMagpie (MMAG), or Parsley Box (MEAL), which are both heading for insolvency.  Nevertheless, Nomad Singer should hold its head in shame as reader A flags up Artisanal Spirits (ART)… Hat tip to him. Here’s why.

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Boom
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The mystery of the twice-aborted Recycling Technologies IPO and quitting CEO – an expert writes

Yesterday, I suggested why Stifel pulled the second IPO, and accounted for the shock resignation of CEO Adrian Griffiths – just days before the IPO D-day.  An expert investor has written to me with his analysis: he thinks I was on the right lines concerning the bankruptcy of Pure Global Limited – where Griffiths was on the board. He adds, however, far more detail, suggesting the predicament Stifel may have faced, hence its resignation.

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Parsley Box open offer flops – when will it go bust?

With the shares at 20p to sell (90% down on the IPO of less than a year ago), it is no shock that long-suffering shareholders in Parsley Box (MEAL) were reluctant to accept an open offer at 20p. Having hoped to raise £1.1 million, it managed just £140,000. Oops. So when will Parsley Box go bust?

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A challenge for David Stredder and Mello Events - musicMagpie

So, David: do you want the audience to learn anything, or are you a mere PR man for low-grade corporates?  Tonight, musicMagpie (MMAG) is presenting at Mello Events, and you can bet that it will not discuss how, shockingly, it deceived investors about real competition in its IPO prospectus; or how its CFO-turned-COO was a serious fraudster.

Dead-Donkey
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BREAKING: Recycling Technologies IPO pulled AGAIN – has Nomad Stifel quit?

Oh dear, oh, dear. To have your IPO pulled once is understandable, but twice seems like carelessness. Perhaps Nomad Stifel might care to scotch certain rumours doing the rounds.

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Bearcast
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Tom Winnifrith Bearcast: should I sack the dishonest Welsh worker, part 2

Yesterday all of you said i should sack him. But the sad old geezer has texted me today. I relay what he wrote and ask, in today’s edition of the Moral Maze, if I should still sack him? The answer I think you will give, bears direct relation to both musicMagpie (MMAG) and Advanced Oncotherapy (AVO) which I discuss. I also cover Petropavlovsk (POG), Amala Foods (DISH), Zak Mir, Richard “Nobody Likes me and I do not care” Jennings and Lift Ventures whose IPO seems not to be quite as “imminent” as Zak told us it was two months ago.

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KERBOOM! musicMagpie going to zero, Part 4 – its business is being crushed

The last two businesses of musicMagpie (MMAG) boss, Steven Oliver, went bust, leaving unpaid bills of c .£8million. But he had excuses ready, for this was nothing to do with management incompetence. Oh no! It was all to do with bastard banks pulling the plug, and macro trends crushing his business model. Ring any bells yet?

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BREAKING: Music Magpie a zero explained: Part 1 the IPO Monster Lie

Amazingly Music Magpie (MMAG) is one of the three most recognised names in e-tail but that is all in the past. Since its IPO at 193p in April of last year it has all been downhill and at 62.5p the shares now have just another 62.5p to lose. This is a zero in waiting and in a multi-part series starting today I shall explain why…

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AAU
AAU
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Ariana – Venus IPO Set For Q2: a cue to BUY

News this morning from AIM-listed Gold-producer in Turkey, Ariana Resources (AAU), is that its (currently) 50%-owned investee Venus Minerals is set for an IPO on AIM during Q2. This is very positive, and will surely give Ariana’s shares a boost when completed.

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FinnCap - a very odd trading statement and is it sexist to talk about the share price since IPO

Nomad and broker Finncap (FCAP) led by smug Sam Smith the City’s fave female entrepreneur, so we cannot say anything bad about her company, floated on the AIM Sewer on December 5 2018 at 28p per share. Today, after a ramptastic, but odd, trading statement, the shares are …. 28p to sell, 29p to buy if you are nutso.

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musicMagpie – another 2021 example of IPO greed and institutional stupidity...and the pain is only just starting

Last April 15 musicMagpie (MMAG) joined the AIM sewer at 193p. Today, after publishing its first annual results, a tale of disguised cashburn and a deteriorating outlook the shares trade at just 112p.This is another example of the greed and stupidity of the 2021 IPO bull market. This time it is Peel Hunt which should hang its head in shame.

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Bearcast
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Tom Winnifrith Bearcast: Just how do market makers work and set prices

I am asked this question by a long suffering reader in relation to Skinbiotherapeutics (SBTX) and do my best to answer. I look at IQE (IQE),the curious share dealing of Mr Drew Nelson and whether I’d be tempted. I still see no sign of the IPO of Zak Mir’s crazy media investment company which he said was imminent two weeks ago. Is it Lift off?  I comment on Bluebird Merchant Ventures (BMV)  and then have a detailed look at Sarah Willingham’s Nightcap (NGHT) in light of today’s expose. It really is a one way bet. Down. 

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Bearcast
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Tom Winnifrith Bearcast: Made Tech - this just looks bonkers

In today’s Bearcast I start with a rant about Prince Harry. I suppose that, as a Republican, I should view him as a good thing. Then I move onto Omega Diagnostics (ODX) whose shareholder list seems stuffed with retards – Global Petroleum(GBP) and a placing rumour, Angus Energy (ANGS) and its shareholders being beaten like an innocent nanny, exporting two more British criminals to the US public markets and finally Made Tech (MTEC) where the maths just does not stack up for me. What sort of institutional retard  backed this IPO?

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Sith

Offered stock in an IPO – no I should be given it for free!

The Sith Lord Zak Mir always tells me that all publicity for him is good publicity. That is why, as I, alone, report his utterly atrocious stock picking, inability to understand even the basic grammar he was taught at Harrow or his strange business ventures. He should be so incredibly grateful to me. I am almost the only chronicler of the Fall and Rise of Reggie Mir. And that brings us to Lift Ventures. Is it Lift Off or Lift on?

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BREAKING: Oxford Cannabinoid – Are directors lining their pockets ahead of an MBI?

The IPO of Oxford Cannabinoid (OCTP), pumped by the tawdry Mail on Sunday on the, false, supposition that Mr Snoop Doggy Dog was an active investor, was – as I predicted an overvalued POS and those backing it have, in eight months, already lost half their money.  This week it admitted to delays in work on its two lead compounds, not that, even before, either would – if they worked – hit markets till 2027. Its founder chairman will soon step down after a share dealing scandal but is already in Thailand “finding himself”. But it gets worse.

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EXPOSE: Inspirit Energy Holdings – shocking accounts and bailout discounted placing ahoy

Inspirit (INSP) snuck out its piss poor results on 29 December at 5.30 pm and today sees its shares down around 14%. You don’t need to be Mystic fecking Meg to know what comes next but a detailed interrogation of those results throws up some ginormous new red flags.

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Rutherford Health – The £100m Ghost Of Neil Woodford Strikes

Aquis-listed Rutherford Health (RUTH) – formerly Proton Partners – announced this morning that it has secured bridge financing from shareholders including Neil Woodford’s former stamping ground of Schroder UK Public Private Trust (SUPP) – formerly Woodford Patient Capital – and LF Equity Income Fund – the unsaleable rump left over from the Woodford Equity Income fund – to raise up to £10 million in the form of various loans costing 15% per annum. The old saying that if you owe the bank a quid you’ve got a problem, but if you owe the bank a million quid then it is the bank which has the problem is writ large here.

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Wildcat Petroleum – results at last!

This horrible company which, as we exposed, lied in its very first RNS on December 30th 2020 repeated that same lie today.It is shameless. Or perhaps its morally bankrupt PR dirtbags at Yellow Jersey enjoy posting serial lies? The company was going to announce its results for the year to June 30 In October, then in the week starting November 29 but finally they are out. A masterclass in pointless bullshit from scumbags who offer no explanation for the delay.

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AAU
AAU

Ariana – News From Venus: Still a BUY.

AIM-listed Gold producer in Turkey, Ariana Resources (AAU) released two lots of news this week from Venus Minerals, the Cyprus-based explorer in which Ariana holds 50%. First up came a revised mineral resource estimate at the Apliki project, which Venus wants to buy into and which looks set to cornerstone an IPO for the company. Then an increased JORC resource estimate at the Kokkinoyia project was released.

CBX
CBX
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Cellular Goods – the Beckham CBD skin cream play burns that cash like there’s no tomorrow

When not earning millions promoting one of the most hateful homophobic regimes on this planet or appearing with his good pal Elton at a gay Pride event,  Mr David Beckham has become a celebrated investor. There is Guild E-Sports (GILD) which will see him turn £250,000 into £15 million however badly the company does. And it is doing badly.  And then there is Cellular Goods(CBX) with the same motley crew of pre IPO investors and advisors.  It makes facecreams which must be useful if, like Becks, you have two of them. It had results today.

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WIX
WIX
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IPO 2021 challenges for (inevitably) Deliveroo and (even) Wickes

How many times have you used Deliveroo (ROO)? I cannot remember if it is once or twice for me, but I am not a big fan of the ‘British online food delivery company’. I am glad I have regarded the shares as a strong avoid too, because the (reduced) 390p IPO price earlier this year is embarrassing for the current 252p priced share.

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Abingdon sings at the Covid bailout placing ball, next up Omega Diagnostics then Abingdon again?

Abingdon Health (ABDX) will, no doubt, claim that its up to £6 million placing, open offer and Primary Bid offer at 25p is down solely to the DHSC not paying delayed bills. But then again this was a company that was technically insolvent before it raised £20 million at is IPO a year ago so, in my view, it has always been a basket case and I have explicitly warned you many times that a bailout was looming. For the record, this will not be the last one. So, who is next? Abingdon again or the other grossly overhyped covid dog Omega (OMX). But first a covid prediction…

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Sensyne shareholders punished for the greed and duplicity of sleazy CEO Labour Lord Drayson

It is not just sleazy Tory Lords that this website finds unacceptable, and I am not finished with cash for questions scumbag, the Earl of Shrewsbury yet. On the other side of the house sits Lord Drayson, a man enobled by the war criminal Blair and, by pure coincidence, a generous donor the the Labour party. Drayson founded and is CEO of Sensyne (SENS). And today there is another kick in the gonads for his shareholders.

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BT
BT
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Today obviously is not ‘Cyber Monday’! Still...interesting potential BT news

Consistent with my musings yesterday, life in the markets remains excitable although at least today we are seeing an increase after those big losses on Friday. All good fun which any experienced investor has seen much more than once before. Nevertheless I do find it interesting that Friday was the fourth largest volatility index increase since 1990. No doubt a few of you remember all of the excitements back in February 2007, February 2018 and January last year, even before we mention July 1990 and November 1991. Stuff happens…especially on a day such as ‘Black Friday’. Live with it if you are an investor. So what about ‘Cyber Monday’ then?

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Boom
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BREAKING: The IPO of SpectrumX: The Earl of Shrewsbury, Tory sleaze, the alleged VAT fraudster, the missing shares & £3m and now administration

SpectrumX Holidings Limited claims to be ready to set to launch, inter alia, the world’ smost powerful hand gel to stop the spread of you know what. Admittedly it is, according to its own website, only at the “patent pending” stage  but it reckons that a Q3 2021 £50 million IPO is happening. We are now in Q4 so what’s the catch? Yesterday, Nick Michaels of Alfred Henry confirmed his firm was acting for SpectrumX and the IPO was still on, albeit delayed. Today administrators were called in. Ooops.

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Bearcast
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Tom Winnifrith Bearcast: KERBOOM - the AIM CEO and the £167,530 of company cash used to settle personal liabilities

I have this one bang to rights. It is all there in the IPO prospectus (page 135) and the most recently released annual report. On the basis of what I describe the so -alled independent NEDs need to consider their position, the Nomad Allenby needs to force an immediate repayment of the sums involved and the company, already seriously uninvestable though capitalised at £32.1 million is a 100% bargepole. The image below is from one of its sites and page 18 of the annual report. At least this company understands irony.

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Curse_Of_ShareProphets

BREAKING: Central Copper Resources: Is the IPO that will disgrace AIM again on or off?

Back in last July I exposed AIM Wannabee Central Copper Resources. The team behind it had listed a company, Cradle Arc, on the AIM sewer in late 2018 which within a year saw its shares suspended pending clarification, engaged in tax evasion, traded while insolvent  and deceived investors before going bust. Surely advisers and AIM Regulation would not allow such scallywags a second chance?

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The family of Dragons Den star Sarah Willingham family & the up to £800,000 annual screw on Nightcap and the extra £100,000 bonus for pillow talk

Because the CEO of NightCap (NGHT) is a bird, the financial press feels obliged to overlook the manifest corporate governance failings of this overvalued disgrace to AIM. Anyone criticising the greed and absurd conflicts of interest of Dragons Den star Sarah Willingham is naturally a sexist beast all of whose views can therefore be dismissed. As such no member of the mainstream media will report on section 12.1 of the IPO prospectus from December 2020. They are too scared. I’m not.

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Nightcap - car crash results from Dragon's Den "star": without May placing it would have been bust six months after IPO

Nightcap (NGHT) the joke SPAC created by Dragon’s Den star Sarah Willingham to buy an insolvent bars group where she was a director and major shareholder, not from the receiver as it should have done, but from shareholders, including La Willingham herself, has published its first annual results and they are truly diabolical.

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Bearcast
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Tom Winnifrith Bearcast: The sordid truth emerges about Wandisco & the Equities First Hoods, Dave Richards should shoot and/or fire his advisers

I follow up on yesterday’s bearcast on Wandisco (WAND) and the deal done by CEO Dave Richards with the hoods at Equities First Holdings (EFH). Dave called me up. I explain why he is naive not dishonest but why he needs to grill his advisers. Was there a brown envelope? Who penned the RNS which now looks even more dishonest with what I tell you today? Dave should shoot and/or his advisers as they have landed him in the reputational soup.  I then look at today’s latest  disgusting revelations on the Charlie Wood Hydrogen and Helium SPAC spoof IPOs, at the utter naivety of Aquis and I have advise for certain City folk on what they should do as the regulator has failed. Liam, Fungai and he who shall not be named you know what to do. I look at Bowleven (BLVN) and also at Caracal Gold (GCAT) asking who is selling?  

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Boom
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The David Lenigas Hydrogen One sleaze IPO – it gets much worse

Yesterday, I revealed how David Lenigas of Horse Hill infamy and a bunch of disgraced financiers were going to book 900% gains made in just two months via the Aquis listing of Hydrogen One. I am afraid that it gets much worse and NED Fungai Ndoro, who appears to be the only person involved in this nest of vipers not to be given cheap stock, must surely be considering her position.

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Bearcast
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Tom Winnifrith Bearcast: Argo Blockchain & its director who is "transitioning" and its not investment grade bonds

In today’s podcast I look at Argo Blockchain (ARB), at Galileo Resources (GLR) as Colin Bird tried to polish a total turd of drilling results, at why nobody cares about TR1’s even the supposedly virtous folks at Net Zero Infrastructure (NZI) with their patsy Tory career politician NED and finally at the new David Lenigas IPO, Hydrogen One PLC, which is, for so many reasons, a complete and utter disgrace and makes me ashamed to be a capitalist. What is the point of integrity and honesty when shit like this happens?

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Panther Metals – Aussie IPO On The Way: BUY

Standard-listed Panther Metals (PALM) has confirmed this morning that the IPO of its Australian assets is set for 10 December. This is great news, firstly because the IPO offers finance for the Australian half of the portfolio and leaves Panther to concentrate on the Canadian assets. But it also means that its Australian assets will offer liquidity, either from the direct sale of shares or giving the opportunity to leverage its position. So how do the numbers look?

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Let's Go Brandon! Let's Go Brandon! Let's Go Brandon!

I discuss today’s US elections, what will happen and what it means. Suffice to say Let’s Go Brandon! Then I look in detail at the forthcoming IPO of ProCook Group Limited which you can access on Primary Bid HERE. I would not. I also look at Kefi (Kefi), Sensyne (SENS) and Berkeley Energia (BKY). There is more on Let’s Go Brandon and on US politics in a podcast special on my own website HERE

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PREMIUM CONTENT

Scumbag champagne socialist Lord Drayson plans MBO at Sensyne – will he repay £850,000 IPO bonus?

Scumbag Labour Lord Drayson has today stated that the market fails to value his Sensyne (SENS) company and that as a result the company is enterimg a formal sales process as he tries to secure funding. So why might the market “undervalue” this company? Take your pick from these reasons.

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NZI
NZI
PREMIUM CONTENT

SHOCKING EXPOSE: Net Zero Infrastructure – the green virtue signallers and the dodgy offshore cash: it gets much worse ( the HK trial dossier)

So who is behind the offshore (Belize) based tax dodgers at 360HK Limited which took part in the 3p per share IPO fund raise of Net Zero Infrastructure (NZI) on the Sub Standard List but has been dumping its shares into the pump ever since? It is a simple question but the company’s response will shock you? Or maybe with a patsy career politician Tory Baron and mate of Boris on board it will not.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: its V Day!

I start with the two companies beginning with V and articles on this website today: Versarien (VRS) has responded, weakly to this expose. Vast Resources (VAST) cannot respond to this bombshell which exposes the cancer at the heart of AIM Regulation again and makes the shares uninvestable at any price. Then I look at Ben’s Creek (BEN), Skinbiotherapeutics (SBTX) on product launch day and at Central Copper where an IPO that should be pulled is delayed again. 

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AAU
AAU

Ariana – Oh No: Not More Good News!

AIM-listed Gold (and Silver) producer in Turkey, Ariana Resources (AAU), has had a wonderful summer in terms of its Gold exploration activities with a stack of very promising drill results from across its portfolio which suggest good news to come next year. Gold and Gold stocks may have had a torrid time, but on the exploration front Ariana hasn’t been able to disappoint and this morning saw yet more good news from investee Venus Minerals in Cyprus.

PREMIUM CONTENT

PensionBee might soon be ‘Premium List’ but it is still an avoid from me

Back in April here, at the time of its IPO, I observed that PensionBee Group plc (PBEE) – which describes itself as ‘a leading online UK pension provider with a mission to make pensions simple, so that everyone can look forward to a happy retirement’ – was ‘certainly not buying it on day one’.  Well that was a smart choice as whilst the shares hit 180p a few days after the float, they ended Friday’s trading at 140p.  

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TUN
TUN
PREMIUM CONTENT

Tungsten West – Let me help bury an old issue and see new positives: BUY

I have followed the fortunes of the Hemerdon Mine in South Devon for some years, and it is back as a listed asset via the IPO today of its new owner Tungsten West (TUN) on the AIM market. The asset has an interesting history with a twist that was worthy of some time and effort to properly understand.

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ROO
ROO
PREMIUM CONTENT

Deliveroo sales growth forecasts may have been increased, but…

First a few words on today’s announcement by Burberry (BRBY) whose shares I have made money on a number of times over the past decade (despite never buying anything from the fashion company although I was in one of its stores briefly a while ago). Interesting to read that it has announced ‘the appointment of Jonathan Akeroyd as Chief Executive Officer and Executive Director’. He apparently is currently the CEO of Milan-based Gianni Versace SpA, which I reckon means he will make a lot more money. Good luck to him. Italy may have a bunch of economic growth challenges, but in terms of the fashion industry it is way smarter than average. Still waiting for a return to the 23 quid share price level the shares were last at in 2019, hence still a buy for me. One stock I have never purchased is Deliveroo (ROO)

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AAU
AAU
PREMIUM CONTENT

Ariana – Big Developments at Venus Minerals

AIM-listed gold producer in Turkey, Ariana Resources (AAU), announced yesterday news of big developments at its 37.5% owned, rising to 50% later this year, investee Venus Minerals. Venus is on the cusp of signing up to a joint venture to bring the Apliki copper mine into production and plans to get its own listing in London for its shares by year-end – news of all of which was a pleasant surprise to me.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: I do not care about being locked out of the big IPOs. I lose sod all and its not my business anyway

Remember, I read the ghastly Mail on Sunday so that you do not have to. I discuss its latest campaign backed by Primary Bid and the chancers of Bristol, Hargreaves Lansdown. It is fag end of a bull market nonsense.

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ONT
ONT

Oxford Nanopore – forget the broker hype – look what the insiders are doing

The IPO of Oxford Nanopore (ONT) was Christmas came early for the brokers involved.. Raising £1.87 billion of either new cash or from flogging shares for exiting shareholders at 425p will have generated almost £90 million in commission which, even in these inflationary times, will buy an awful lot of coke and upper class hookers. To support such an exercise there were numerous enthusiastic buy notes.  So with the shares now at 577p should we believe the bullshit buy notes?

PREMIUM CONTENT

Abingdon Health after the corrupt deadwood press pump when’s the placing dump?

I should have mentioned this in bearcast yesterday, the maths is clear and unchallengeable. Abingdon Health (ABDX), a company I warned you about at IPO as it was insolvent and the valuation absurd, is pumping its stock via the yellow journalists on the Daily Mail and the Telegraph ahead of a bailout placing. You know the score: mug punters overpay in the secondary market ahead of a placing at a vast discount to fund managers.

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PREMIUM CONTENT

VINDICATED AGAIN: Parsley Box – the third warning in 6 months, this IPO puke tastes vile

It was just 23 days ago when Parsley Box (MEAL) issued its second profits warning since 200p a share IPO on March 31. I warned things would get worse but the savant of our own comments section PierotLunaire boasted as pompously as ever that he was set to complete his due diligence by tasting a mail order meal from the firm before joining his City fund manager chums on the shareholder list and filling his patrician boots at 117.5p. Of course the fund managers and PL always know better than old Tom.  Today the shares are 64p after yet another warning!

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Pot is hot, look at the unsavoury characters the cat dragged in

I receive an invitation to an online pot conference. More signs this sector is hot and thus one I shall avoid. I mention Chill Brands (CHLL) which is not hot and which could see its shares suspended by Friday. I discuss why the Tiger Royalties (TIR) portfolio is toxic and could implode. Surely its Nomad Roland “fatty” Cornish can peer over his ever expanding belly and see the danger? I discuss en passant Go Ahead (GOG) and in more detail interims from Powerhouse Energy (PHE). Then to why HEIQ (HEQ) numbers today are so dripping in red flags as yet another recent IPO ( 10 months ago) comes crashing down.

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UHS
UHS
PREMIUM CONTENT

Umuthi - The Standard List fraud that exposes the slime at the heart of the City of London, part 3 one of the implicated enablers, Pello Capital

So we have met the fraudster Queen who managed to float Umuthi Healthcare (UHS) HERE and established that board members were complicit in this criminal and fraudulent IPO HERE. But what of the folks who enabled or facilitated this fraud here in the City of London where ones word is ones bond? Before we turn to the fraud at the heart of Umuthi a brief mention is due of the advisers and we start with Pello Capital, a broker and adviser to Standard listed firms.

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PREMIUM CONTENT

Panther Metals – Progress With Aussie IPO: worth a flutter!

Standard-listed Panther Metals (PALM) offered up some good news this morning with regard to the IPO of its Australian assets, with the appointment of Brokers and an Aussie fundraise which suggest that it is all go.

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PREMIUM CONTENT

Parsley Box interims – the taste of IPO vomit

After the July lack of profits warning, you might have thought that interims today from Parsley Box (MEAL) could not make things any worse. You would be wrong. Anyone buying into the IPO on March 31 when the company raised £5 million and existing shareholders dumped £12 million of shares, would look at the unfolding horror and feel physically sick. This is what happens in bull markets, shit floats, smart folks cash out and fund managers show they are as dumb as anyone else and buy into it all, albeit with other folks’ cash.

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NFT
NFT
PREMIUM CONTENT

NFT joins Dispersion in the crackers world of Blimp – this is even more so dotcom, let’s party like it’s 1999

NFT Investments (NFT) is like Dispersion Holdings (DEFI) an investment company listed on the Aquis lobster pot. The chancers who own most of the shares thanks to pre IPO funding at a huge discount to the IPO are the same crew led by Mike Edwards and Jonathan Bixby. Scumbag broker Novum raised most of the cash, £11.2 million for Dispersion and £35 million for NFT. And the connections do not end there.

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CDL
CDL

Cloudbreak Makes Another Discovery About How to Rip Off Shareholders

Sub-Standard-Listed Cloudbreak Discovery (CDL), which rushed its way onto the Standard List  only in June as Imperial X (IMPP) before it had even managed to change its name amid a forest of Red Flags, has announced an industrial trough-load of options for directors, PMDRs and other staff. Its nice to be valued, but what about the shareholders?

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: But for a fluke the ceiling would have fallen in on my head and on the cats

I discuss two developments at the Welsh Hovel. There is great news HERE but also a bit of a disaster which could have been fatal for the cats and bad for me. Then I look at backing proven failures or chaps who wave red flags mentioning Sensyne (SENS), Nigel Wray, me and a few others. That leads me on to the wall of silence from Central Copper Resources about its AIM IPO and me explaining what is really going on, notably at broker Brandon Hill. Finally I look at today’s news from Skinbiotherapeutics (SBTX) and where, as a result, I expect its shares to be at Christmas.

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Tom

Adam Reynolds an Apology & a question for a corporate financier about problems at Central Copper (IPO delayed thanks to me)

Yesterday we suggested that Adam Reynolds was involved in the IPO of dog Abingdon Health (ABDX). This was inaccurate and I take full responsibility and apologise for the error. which was swiftly corrected. Reynolds buddy Lynn Rees was involved in the IPO which I exposed as a shocker HERE but as for Reynolds it seems he agreed with me.

ROO
ROO
PREMIUM CONTENT

Deliveroo: still delivering a lack of profitability

I reckon that Deliveroo (ROO) has delivered to my home once.  It was okay but – in my view – a bit of a rip off, but it was something a bit different for the family to try.  As for Deliveroo shares I have never owned them, regarding the IPO a few months ago as being at a bonkers price.  Since the share price low of early April, the stock has pushed up but if you did participate in the IPO in March, then you are still losing money. Last month here I wrote some thoughts on its ‘progress’ but observed that I was still avoiding the shares as ‘the underlying reality answer we all need to figure out is where profitability is going to be in full year 2021 and 2022’.  That’s the trouble with a company where the mention of ‘gross profit’ means that it is all going to be comedy EBITDA centred (at best).

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - Let's flash mob AIM Regulation tonight on 2 matters

It is my penultimate Sunday in Greece and I consider the idiot Mark Drakeford and special hurdles I face in returning to Wales. I have spent the afternoon poisoning frigana in the snake fields. Photos tomorrow but I discuss that. Then I ask listeners to do a final chip in to raise another £495 to see loathsome pig Neill Ricketts sweating in court. Please donate HERE. Finally, I ask you to send 2 emails to aimregulation@Lseg.com tonight. One on Central Copper Resources and why the IPO must be stopped and one on why sleazy Tim Yeo must be sacked at Powerhouse Energy (PHE).

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Now just £800 needed!

Ian Westbrook is now just £800 from making loathsome Neill Ricketts of Versarien (VRS) sweat in Court in January like the pig he is. Please keep those tenners, twenties and fifties coming in HERE. I look at today’s bombshell on the fraud Supply@ME Capital (SYME) and explain why that makes it a slam dunk zero. Then it is Central Copper Resources where I am sending out numerous emails to get its AIM Sewer IPO strangled at birth.

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PREMIUM CONTENT

What is the point of lock-in contracts? Darktrace £143.53m shares dump

Darktrace (DARK) floated on May 4 at 250p. Great play was made in the lengthy prospectus of how stacks of existing shareholders were locked in, legally bound to hold their shares for 6 or 12 months. Except this is all meaningless gibberish.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: I have never read such total bollocks in my life in an RNS

An early podcast as Joshua and I are off exploring for an old bridge and a back road to Orova shortly. In today’s bearcast, I look at Predator Oil & Gas (PRD) – a cause for extra ouzo tonight as Ron Pilbeam gets the order of the boot after my missive to the FCA – at new IPO Spinnaker Acquisitions (SPAQ) which looks like an overpriced nest of vipers and finally at the fraud Supply@ME Capital (SYME) whose RNS today is just complete and utter bollocks.

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PREMIUM CONTENT

Letter to the FCA – Enquiry into Wildcat Petroleum IPO needed now

This is pretty clear. Even the woke dullards at the FCA should be able to sort this out with one phone call demanding that Wildcat Petroleum (WCAT) produce its bank records from 30 December 2020 to 31 January 2021 or maybe later. I have sent the letter below.

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CDL
CDL

Cloudbreak Discovery: Another Day, Another Ramparoonie, Another Decline

Shares in sub-Standard Listed Cloudbreak Discovery (CDL) have dropped to another new low this morning of 2.275p – as against the IPO price only last month at 3p. It’s not looking good, especially as today’s decline accompanied a ramptastic RNS. Again!

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: for the second time I question Ariana

Forgive the late bearcast but the local members of the Guardian-reading classes came round to swim with Joshua. In today’s podcast, I look at Ariana Resources (AAU), Bluebird Merchant Ventures (BMV) and the IPO frenzy with especial reference to Revolution Beauty and Forward Partners (FWD).

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CDL
CDL

Cloudbreak Discovery – slippage continues on the sub-Standard List

I suggested that having dropped below its IPO price back in June at 3p, sub-Standard Listed Cloudbreak Discovery – nee Imperial X – (CDL) would struggle. Having peaked at 5.5p, the stock is now down to just 2.6p. Shall I save the Ouzo for the footie on Sunday?

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Buying a hoover in Kalamata

Obviously the big excitement was the snake but Joshua and I also faced down mask fascists as we bought a hoover in Kalamata. Most of today’s bearcast concerns the antics of Justin the Clown, Boston International (BIH), the rash of IPOs and what it means and Argo Blockchain (ARB).

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ROO
ROO
PREMIUM CONTENT

Deliveroo – is it going to give some sensible data in August or not?

Back in April I observed that Deliveroo (ROO) shares had not only had a shocking IPO but ‘there is not enough excitement for me to get involved’ HERE. Well if you bought the stock at the 390p IPO price then it remains an absolute shocker, but if you did so in the mid-April period then you have made a 30% gain. Well done if that is the case. The recent move includes a positive 4% share price move today, as it has published a second quarter trading statement which is ‘ahead of expectations’ with ‘growth guidance increased for the full year’. What excitement as gross transaction value (GTV) ‘has grown 76% year on year’.

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AIQ
AIQ
PREMIUM CONTENT

Time for A Monkey to apologise: AIQ – Shambles upon shambles and still a SELL

Yet more red faces for Andrew Monk and his team at VSA Capital which launched this abomination on the stockmarket and still acts as its adviser. But I guess that coke and hookers don’t pay for themselves and a man’s got to do what a man’s got to do. What a total shambles! Sub-Standard-listed AIQ (AIQ) has announced the result of its strategic review this morning – this as a result of the disastrous reverse takeover of Alchemist Codes to add to the original and equally shambolic IPO on the sub-standard list back in 2018 which saw the stock suspended for most of its first six months on the market.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - let's start with an apology

In today’s podcast, I cover Colin Bird’s latest pointless IPO, African Pioneer (ASP/AFP), Galileo Resources (GLR), Amigo (AMGO), Optibiotix (OPTI), Nightcap (NGHT), Catenae (CTEA),  Powerhouse Energy (PHE), Sound Energy (SOU), the fraud Zoetic (ZOE), Harvest Minerals (HMI), and how proud I am of my garden.

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PREMIUM CONTENT

Aquis stock promote Dispersion announces first deal but is it being 100% transparent?

Dispersion (DEFI), the latest Aquis listed pump from the Bixby/Edwards stable, has announced its first investment since its tawdry IPO but is everything quite what it seems?

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: the tawdry Daily Mail costing its readers a packet & the investment skills of Mr Snoop Doggy Dogg

Firstly: it is exactly one week to Rogue Bloggers for Woodlarks and we are just a couple of hundred quid from £41,000 raised (our target is £48,000). If you have yet to donate, how about getting us past £41,000 tonight, HERE. Then I consider all aspects of the IPO of Oxford Cannabinoid Technologies (OCTP).

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PREMIUM CONTENT

Panther Metals – Australian listing moves closer as assets get valuation boost

Standard-listed Gold explorer Panther Metals (PALM), under the oversight of Ariana Resources’ (AAU) CEO Kerim Sener in the position of Chairman, has announced that the Australian listing of its Aussie assets has moved a step closer with the completion of a pre-IPO funding round. This is good news – especially if one considers the implied valuation.

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CBX
CBX
PREMIUM CONTENT

Has John Story broken a lock in and sold any of his Cellular Goods shares: yes or no?

This is a simple enough question for Cellular Goods (CBX), the Standard Listed pot company backed by David Beckham in a shoddy IPO on 26 February which we exposed HERE. The shares zoomed to 22p in early trades from a 5p IPO but have since rolled back to 7.6p to sell suggesting that many BB punters have been royally shafted by the inaccurate media hype but also that some pre IPO investors who paid a fraction of the IPO price may have been dumping.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast – the crazy world of trying to buy a bungalow for the Mother-in-law, a bubble within a bubble

I start with house hunting with my mother-in-law in what is a bubble within a bubble. It has to end in tears. Then I look at Nightcap (NCAP) and how the disgrace of its IPO on the AIM sewer becomes even more disgraceful after today’s expose HERE.  Tomorrow a modest 15 mile Woodlarks training walk is planned. We are at more than 33% of the Rogue Bloggers target but 94% of you are yet to donate. Go on, please give generously today HERE.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: 3 stockmarket disgraces and Bob Monkhouse and the funniest joke ever

Talking of disgraces, 96% of listeners have yet to donate to Rogue Bloggers for Woodlarks, please do so today HERE. I have a message from Nick Richards for the 4% who have been generous. The stockmarket disgraces I cover are the fraud Zoetic (ZOE), Anemoi (AMOI) and Abingdon Heath (ABDX) – where there really must be a Steward’s on its Christmas IPO, which I panned at the time. I also look at Scotgold (SGZ) and discuss why Andrew Monk called SUPP/WPCT so badly wrong.

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PREMIUM CONTENT

What do I make of newbie listed stock PensionBee Group plc?

Hello PensionBee Group plc (PBEE), as ‘further to the announcement on 21 April 2021 in connection with its initial public offering, the Company announces that all of its issued share capital, consisting of 221,213,333 Shares, has today been admitted to trading on the High Growth Segment of the main market of London Stock Exchange’. Well done it, especially with a launch share price of 165p, a market cap of £365 million. I see unlike the excitement on day one of Deliveroo (ROO) – whose share price is still going down – at least PensionBee’s shares are 175 pence plus as it starts its listed market life. So what does the slightly unusually named PensionBee Group plc do?

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ROO
ROO
PREMIUM CONTENT

Are Deliveroo shares of any interest?

Call me boring but I don’t really like IPOs. Therefore when I was offered the opportunity of participating in the Deliveroo (ROO) IPO a few weeks ago I said something along the lines of ‘thank you but no thank you’, but noted down the thought of having a look when it published some numbers after it had listed. After all, even I have used Deliveroo (admittedly just once) in the last year and have certainly seen its cyclists delivering near me many times.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: the NFT IPO - when will David Beckham get involved in this opportunistic POS?

I have a few words about the disasters that are Deliveroo (ROO) and Parsley Box (MEAL). Okay the latter is a duff IPO and a disaster in waiting. Then I move onto NFT Investments, an IPO on the way from First Sentinel and the scumbags at Novum Securities. Hold your nose and brace yourself for just how opportunistic this is. I am only half kidding about Becks.

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RRR
RRR

Red Rock Resources – spin-out IPO updates, we are way ahead on this share tip but it remains a BUY

Red Rock Resources (RRR) has made an update on IPO progress of assets in Australia, emphasising “an encouraging background”.

PREMIUM CONTENT

Caerus Mineral Resources has just listed and is worth a flutter if you like speculative mining plays

It’s not often that I take much notice of the smallest mining companies at the lower end of AIM, but every now and again one gets my attention as being worthy of taking a look at if you want to take a bit of a punt on shares in something more speculative than the popular producers.

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UHS
UHS
PREMIUM CONTENT

Will the late Roy Castle be getting his book out again? Is Umuthi set for the shortest stockmarket career ever covering the FCA (again) in manure?

Eurasia Mining (EUA), of which more later, has already met Roy this week as it became the company to have enjoyed the longest spell ever under a Formal Sale Process without actually getting a bid or admitting there would be no bid. It snatched that record from Best of the Best (251 days) on Thursday morning. But before the late Mr Castle thinks his job is over, I sense Umuthi Healthcare (UHS) may also get to meet him, Norris and, of course, Cheryl Baker, formerly of Bucks Fizz. In doing so, it will show that however many women the FCA promotes it is still useless.

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KNB
KNB
PREMIUM CONTENT

Kanabo – Cannabis Production Agreement but the high is already surely over

Newly (rushed) sub-Standard Listed Kanabo (KNB) has announced a cannabis production agreement with PharmaCann Polska, which is to supply cartiges containing Kanabo’s proprietry medicial cannabis for its VapePod inhalation device. The shares are up by 11% (last seen) on the news, to 20.5p – a long way off the ridiculous (ahem) high of over 40p at the IPO – valuing the company at some £47 million. That’s surely nonsense!

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: a Reminder of AIM Rule 11 for sleazy Tone

There is news from the garden. Then a few notes on covid testing stocks. Then comment on Umuthi Healthcare (UHS) and finally a reminder of AIM Rules for Westminster Group (WSG) chaired by ex Tory MP Tony Baldry of 3DM infamy. There is also an explicit warning on Eden Pharma, a potential pot IPO.

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RRR
RRR

Red Rock Resources – Kenya mineral resource update. An opportunity?

Red Rock Resources (RRR) says that it was “delighted to announce an updated Mineral Resource at Mikei, with a higher gold grade”. The shares responded by heading lower though we are still massively ahead on this share tip. An opportunity? Yes, Mr Market has got this wrong.

VRS
VRS
PREMIUM CONTENT

Deep Dive number crunch on the sham Versarien – a delve into just out subsidiary accounts - Part 1 the Hard Wear and Metallic Products segment

The UK subsidiary accounts for Versarien (VRS) have finally appeared at Companies House (despite being signed on 16 November 2020) and in this deep dive note, I take look at the original trading segment of Versarien namely the Hard Wear and Metallic Products segment and update prior year note. It is, neededless to say, not impressive and showds what a con was the initial IPO in 2013.

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Irish Drinking Team
PREMIUM CONTENT

Is Virgin Wines a sharp or shabby early March AIM IPO?

This is like asking hardline vegetarian Malcolm Stacey to write about a burger chain. I am a non drinker but for what it is worth… 

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: 2 stocks my pension bought today & the pot madness grows

Deep Throat has sent Winnileaks 2 confidential presentations for cannabis IPOs c.o low grade brokers Novum and Peterhouse. Novum bats for the Beckham linked Cellular Goods which I exposed here and it is so sleazy it includes a chart of the share price of the Zoetic (ZOE) fraud as a reason to buy. I discuss these companies as well as the Peterhouse play, Spinnaker Opportunies (SPO). If that opportunity knocks, I’ll pass. I look at Remote Monitored Systems (RMS) and discuss the two shares I bought and why: Red Rock Resources (RRR) and AEX Gold (AEXG).

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: as insanity rages I look at the thoughts of 3 great sex symbols and investment legends: Becks, Lucian Miers and Malcolm Stacey

I start with a joke about Lord George Young and the late Jimmy Savile prompted by a discovery my sister made today in Shipston. Then I look at IQE (IQE), Cineworld (CINE) and the scandal that is the David Beckham linked pot IPO.

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ARS
ARS
PREMIUM CONTENT

Asiamet deal collapse leaves the company needing funding - avoid until that is secured

Asiamet Resources (ARS) is a company that I’ve been a fan of based upon its assets, which look more attractive than ever at current copper prices, but currently I have some concerns as to where its share price might be heading shorter term.

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THG
THG
PREMIUM CONTENT

The Hut Group looks over-loved to me

Back in late October, I wrote about THG Holdings (THG), The Hut Group, observing then that company had been performing well since its September listing.  Back in October, it estimated a 30% odd increase in Q4 sales across beauty and other third party products, but today’s announcement achieved a super dynamic just over 50%, led by Beauty, Nutrition and OnDemand businesses. So well done The Hut.  

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AIQ
AIQ
PREMIUM CONTENT

(Sub-) Standard-listed AIQ…..now founding exec directors depart with immediate effect! Shame on you Andrew Monk

Sub-Standard-listed AIQ has had a chequered history since it floated on the London Stock Exchange courtesy of Andrew Monk and VSA Capital. The founding executive directors’ full details had not been correctly disclosed, there was the mother of all shambles as IPO share certificates failed to arrive in a timely manner and at the same time a buying frenzy – perhaps by people who thought there was a relationship to Mama Captain (denied), the stock spent most of its first four months as a listed entity suspended and even a placing to address the IPO shambles was messed up. Meanwhile, the stock was trading (when not suspended) at a ridiculous premium to cash, with no business.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: The worst piece of financial journalism of 2020: Donna Ferguson blows off Piers Linney in the Mail on Sunday

I discuss both the article which you can see below which really is the worst piece of financial journalism seen this year. It does bring me to why celebrity endorsed investments are so often utter stinkers, looking back at those backed by David Beckham, Fergie, Linney himself, Fergie and at the NightCap AIM IPO driven by ghastly Sarah Willingham with no conflicts of interest at all!

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VRS
VRS
PREMIUM CONTENT

Neill Ricketts Christmas Carol – Part One

‘Twas the night before Christmas and Neill Ricketts levered his corpulent self into a grand four poster bed in his newly built fake Tudor come fake Georgian Gloucestershire mansion. Bloody Hell, he thought to himself, the boy who left school at 16 with one GCSE in woodwork (grade D) has done good. He stared at the wall at a large picture of his idol. And Elon stared back.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: the 1 AIM share you must Fill Your Boots with NOW, don't wait just buy

In today’s podcast I discuss Joshua’s Advent calendar then look at 2 very naughty Nomads and 2 of their grossly over-valued clients. Roland “Fatty” Cornish looks after European Metal Holdings (EMH). Liam Murray of Cairn looks after the ultimate Penny Dreadful, Catenae (CTEA). Then I return to Sarah Willingham’s NightJar and why she is destroying value for morons who pony up £6 million for the IPO on day 1. This is a scandal and Nomad Allenby should be ashamed. Then onto Purplebricks (PURP) before I look at Summerway (SWC) and why, whatever you pay you MUST buy its shares ASAP

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: On this day of all days Sarah Willingham is 'avin' a Turkish! And who should star in my Christmas carol 2020?

On Joshua’s Advent calender the shepherds go to Bethlehem. That is almost true, well a bit true as I discuss. In prior years I have penned a three part Christmas carol featuring a villain of the year: Rob Terry, Neil Woodford and Chris Oil have starred. So please nominate your villain of 2020 for this year’s opus magnus below. In the podcast I discuss the IPO of Sarah Willingham’s company Nightcap on a day when most of its bars go into tier 3. She is ‘avin’ a giraffe. There are other red flags and questions to ask. Then I look at Jubilee Metals (JLP) and Bahamas Petroleum (BPC) asking if, on AIM, anyone gives a toss about the law of the land. Finally I look at Dignity (DTY) where i retain grave concerns.

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RRR
RRR
PREMIUM CONTENT

Red Rock Resources – operations update: we really are getting there!

It is all good news from Red Rock Resources (RRR) but not THE News which we really want and which will make the share price explode. But that will come, just a bit more patience is needed and at current levels you’d be nutso to sell. So what is the news?

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Collapsing-Reactor
PREMIUM CONTENT

Dragon's Den Sarah Willingham and her Nightcap float –a bargepole offering from Primary Bid

After the company’s PR firm managed to persuade another lacky journalist at the Sunday Times to do a massive puff piece for Nightcap, a firm run by Dragon’s Den Sarah Willingham, I am this morning invited to invest in the AIM Casino IPO via Primary Bid. Here is what the Sunday Times and other pliant hacks do not tell you and this is why “I’m out” on this one. I’d rather eat my own toenails than invest.

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IIG
IIG
PREMIUM CONTENT

Intuitive Investments IPO – City pigs jump on the Covid and Healthcare bandwagon: smell the greed

The time to invest in a sector is when everyone loathes it. Think oil earlier this year. The time to avoid it like the plague is when it gets so hot that crony capitalists float investment companies hoping that mug punters will overpay for shares in their vehicles which will then overpay for shares in actual companies. Meanwhile its snouts in the trough all round for the board and City advisers.

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PREMIUM CONTENT

BREAKING: Cambridge University serves up damning data for Novacyt, today's IPO Abingdon Health and others

I accept that you might justifiably question a minor institution in the Fens which has historically only excelled in the production of homosexual Russian spies. But Cambridge University is not all bad and today it has served up data which should send shivers down the spine of those holding shares in Novacyt (NCYT) or planning to back the luducrous AIM Casino IPO, announced today, of Abingdon Health.

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PREMIUM CONTENT

I have high hopes for Andrew Austin's new venture but wouldn't be in any rush to invest at this price level

RockRose Energy (RRE) was one of the real success stories amongst AIM listed oil companies prior to being taken over for nearly £250 million, and now its executive chairman, Andrew Austin, has made a return to AIM with a new venture which listed last week.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: ShareSoc to ask if the Pope is a Catholic, Chatting to Union Jack's Bramhill & another old geezer

ShareSoc has a question about PE backed IPO’s like the AA (AA). I answer it. I discuss the modus operandi of Chris Akers with reference to Trafalgar Property (TRAF) and then long chats with David Bramhill of Union Jack Oil (UJO) which looks a great trading buy and then with another old geezer, that is to say my broker.

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VRS
VRS
PREMIUM CONTENT

Neill Rickets rants as the Versarien cult members start to turn against their high priest

Shares in Versarien (VRS) have plunged from 137p when loathsome boss Neill Ricketts last made hundreds of thousands of pounds dumping stock to just 29p today as the company heads full speed towards running out of cash and a bailout placing shortly after Christmas. And as the losses for some of the cult members, who believed Ricketts promises of jam tomorrow mount, they have taken to twitter to quiz the High Priest, Ricketts, himself. His response, below, is extraordinary.

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Tom

Two matters of great interest to PrimaryBid followers

I am a fan of PrimaryBid. It allows ordinary punters like you and I to take part in placings hitherto reserved for City insiders. So everyone should sign up HERE. But there are two pieces of news today.

Buffett

This Primary Bid offer is tempting – certainly worth a small punt

Most Primary Bid offers I can happily ignore. But the one just announced looks interesting.

PREMIUM CONTENT

A mad or genius move at Saga?

Apparently you can’t travel with SAGA (SAGA) until you are 50 unless you are over 40 and travelling with someone 50+. Well I am going to have to wait a few more years then to have that option for my summer holiday, as I don’t really fancy asking my parents if I can tag along with them. Still, I am sure SAGA would be happy for anyone to buy its shares irrespective of their age…although as they are sitting at approximately one-tenth of their IPO price it would have been a pretty harmful decision irrespective of your age…

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RRR
RRR
PREMIUM CONTENT

Red Rock Resources – looks to add to uber hot Australia gold potential... and a hot rumour

Red Rock Resources (RRR) has updated loyal shareholders such as myself that on “research, including the results of proprietary geophysical analysis… targets were identified across the western and southern boundaries of EL007329, one of the joint venture’s eleven application areas in the Central Victoria Goldfields, and an application has therefore been submitted for a further tenement, EL007460 (‘Kilmore West’)”

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TRN
TRN
PREMIUM CONTENT

Is Trainline ever going to make sensible profits?

Normally a positive experience with a company makes me much more likely to want to buy its shares.  Back in the day when I used to jump on trains and go places, I used to use Trainline (TRN) quite a lot to book tickets.  At the end of last year it even told me how much money I had saved booking through it.  Well - as regular readers will know - I do love a bargain - and I find the website quite useful in spotting when there is one to be had, especially if I am booking a few weeks in advance. 

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TRN
TRN

Trainline's rapid growth will be derailed and the market cap looks ludicrous - short

Most of the shares I cover here are from a longer term investment perspective, or ones which I think will go a lot lower and are best avoided.

PREMIUM CONTENT

FinnCrap – profits warning but valuation still absurd (can I say that about a company run by a bird?)

Are the deadwood press still blowing smoke up the arse of Sam Smith, the boss of FinnCap (FCAP), a woman showing the men how it’s done in the man’s world of broking and corporate finance? Maybe there will be less blowing after a shock profits warning today.

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FCH
FCH
PREMIUM CONTENT

Funding Circle – CFO “to step down” (& why the omission of company performance data?)

Its shares already down from a 440p 2018 IPO price to little more than 80p, now a “Directorate Change” announcement from SME loans platform company Funding Circle (FCH) – and the shares further down, towards 78p…

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AFC
AFC
PREMIUM CONTENT

AFC Energy – new idea, same crap; 'H PowerTM'. SELL

After 12 years and 9 months on the AIM market doing what almost appears to be random things with fuel cells other than burn cash, AFC Energy (AFC) showcased its latest product - the H PowerTM Electric Vehicle (EV) charger - to retail investors back in December. This is clearly delivery of the IPO statement “The Company has a sole focus on producing commercially viable fuel cells”, or perhaps not – over 12 years to achieve no material sales?! Given the lack of success of its prior commercialisation ideas, and more importantly the operating costs associated with its latest ideas, I do not foresee a wonderfully wealthy future for shareholders. In fact I see nothing positive at all...

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PREMIUM CONTENT

Retail-aggedon: TheWorks just about avoids ANOTHER profits warning but CEO walks anyway

How different it was eighteen months ago when Investec raised £62.5 million  at 160p to IPO Theworks.co.uk (WRKS). Just think about how much coke and how many hookers you could snaffle from crony capitalist Investec’s fees on that deal! Hmmmmmm. You bring the hookers, I’ll bring the Charlie, the lads at Investec are ‘avin’ a party. Today, after just avoiding yet another profits warning, the CEO has been resigned with immediate effect and the shares are just 33.9p. Ouch.

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Tom

FREE Podcast: ShareProphets Radio Edition TWENTY with Tom Winnifrith: Fake valuations, sectors thare are dead or all hot air, Versarien & more

There are no guests in this week's show which is sponsored by Open Orphan PLC (ORPH). It is just me sitting in the Greek Hovel. I start with the Election, move on to the odd events at Versarien (VRS), sectors deemed to be scorching hot and others where death is not yet discounted. I look at fake IPO valuations and consider a possible case of securities fraud on AIM. If you like this and can't wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Has Justin the Clown's IPO been pulled & a funny thing happened on the way to the polling station

I start with me voting and the Mrs not being able to vote here in Wrexham earlier today. Then there are two reports I have had that the Vox markets IPO has been pulled, I wonder if Justin the Clown will mention this in his podcast or will he be too busy blowing off Neill Ricketts of Versarien (VRS) whose abject results I discuss. I look at IP Group (IPO), Purplebricks (PURP), Premier African Minerals (PREM) and Bidstack (BIDS) wondering if it will serve up its overdue warning after hours tonight? Finally there is a plea on behalf of my cats.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: win 1/2 litre of Greek Hovel olive oil on election day & a personal challenge to Justin the Clown

On today's podcast I discuss Brokerman Dan, the Tory canvasser and the half way house for heroin addicts. I issue a podcast challenge to Justin the Clown as I discuss the joke Vox IPO, I look at a pathetic deadwood press ramp for Woodford Patient Capital Trust (WPCT) and offer up another reason to shut down all open ended property funds. And i have a prize contest for election day, deadline to enter is Monday midnight.

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POS
PREMIUM CONTENT

Vox Markets Publishes Rum 'n' Coke FY accounts ahead of IPO, the accountants should be shot!

I am coming under some pressure not to knock Vox Markets ahead of its IPO on the NEX lobster pot, but its accounts for the year ended August 31 have been delivered to Companies house and are a total joke. If this POS lists and fails, as it will, the accountants Plan-A financials of Brentwood Essex should be sued to high heaven as these numbers are a joke.

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POS
PREMIUM CONTENT

Vox Markets apes Big Dave Lenigas as IPO on Nex Lobster pot cracks on – one for the regulators?

Even half way up a mountain in rural Greece, news reaches me that the spoof that is the Vox Markets NEX Lobster Pot IPO following the collapse of the merger with Align, looks to be devolving from the sublime into the ridiculous. NEX is a great place to list if you want to lie to investors but not if you are expecting any liquidity at all in your shares.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: thank you, thank you, thank you & what does one do at "Woke" PC Christmas parties these days?

Firstly so many thanks to all of you who donated to the Woodlarks Christnas Grotto appeal. 101% of our target has now been reached so I'll call it a day. Thank you again. In today's podcast I also discuss Big Dish (DISH), and Dev Clever (DEV) two examples of why you should never invest in an IPO and I have data to back that up. I look at Tern (TERN) and at Sound Energy (SOU), shame on James Parsons, and then in detail at Velocys (VLS).

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: to that bimbo at Walbrook PR who objects to me calling her (not by name) a bimbo, well you are one darling

I start by explaining why this bimbo who complained about me in public last night really is a bimbo and why her firm is in no position to complain. Then I look at why Rathbones let down my Aunt Lucy by giving her Woodford exposure - chaps you really need to sign up to a certain website. Then a look at how to value IP Group (IPO) and Woodford Patient Capital Trust (WPCT) and changing manager changes little. Finally I look at the mad woke world of Synthomer (SYNT) as it served up a warning today.

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IPO
IPO
PREMIUM CONTENT

EXCLUSIVE: Damning New report IP Group at 62p, true NAV 40p, target price 28p ahead of bailout placing

Neil Woodford may have dumped his shares in IP Group (IPO) at 53p a few weeks ago but he collaborated closely with the company and its fortunes are in many ways tied into the scandal involving the man the Mail on Sunday, until recently, called Britain’s Buffett about once a fortnight. IP shares now trade at 62p but what are they worth? I commissioned resting fund manager “The Badger” who previously explained why, irrespective of who manages it, WPCT is worth only 3p a share, to produce a report. His  work is below.

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PREMIUM CONTENT

Screwed by Neil Woodford’s demise : NEX listed Rutherford & its £400 million joke valuation, statement needed ASAP

The IPO of Rutherford International (RUTH), formerly Proton Partners, only happened because Neil Woodford was prepared to commit £100 million of other folks cash to it on a ludicrous valuation. That move increased the management fees he banked materially but will cost his investors a packet as I explained, again, in bearcast earlier. But now Rutherford is utterly fecked by Woodford's firing by EIF and needs to issue an RNS asap.

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Dead-Donkey
PREMIUM CONTENT

Vox Markets vs Align Research – tale of the tape

In the current dispute between Vox Markets and Align Research, I thought it would be interesting to look at their respective published results for the years that are available at Companies House.  Neither publish full accounts just a balance sheet and some notes. As can be seen below Vox has generated four years of losses and has only staved off insolvency by pumping in additional capital where in contrast Align Research has generated two years of profits. Thanks to Winnileaks I can show why it is even worse than that for Vox....

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FCH
FCH
PREMIUM CONTENT

Yet another crisis at Funding Circle - this could go all the way to zero!

You all know what I think about the peer-to-peer lending Funding Circle (FCH) which i have written about negatively a couple of times in the last few months, most recently here   Back then I concluded 'you do not need to get involved... unless you are a desperate business which really, really needs finance and the mainstream banks have prudently turned you down already. For the rest of us, grab some popcorn and watch the ongoing post-IPO car crash'.  Broadly speaking this still feels a very, very prudent position to take.  

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Off to the City of Lost Causes to see the Mighty Hammers

Yes my daughter and I will be at Oxford United tonight to see the mighty Hammers. COYI. As I try to contain my excitement I discuss Neil Woodford and what the dumping of IP Group (IPO) shares tells us, Aston Martin Lagonda (AML), the FCA and mini bonds and Alexander Mining (AXM).

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Collapsing-Reactor

Neil Woodford Redemptions Watch: another day of underperformance

Yesterday the FTSE All-Share index (Neil Woodford’s benchmark for his Equity Income and Income Focus funds) dropped 0.49%, but his funds dropped 0.62% and 1.09% in NAV per unit respectively as yet another day of underperformance took its toll...

Newsboy

Notes from Underground - More fun with my favourite company, WeWork

In yesterday's Bearcast, Tom talked about some of the outlandish claims in this article covering my favourite company, We Work. WeWork (actually known as the We Company) is attempting to IPO in the US. Let me highllight some of choice bits of the article that Tom didn't get into.

Crime-Scene
PREMIUM CONTENT

Oxford Nanopore shows it too is a Woodford cash-guzzling dog, but that is just the start of its problems

Tom Winnifrith has already covered Neil Woodford’s crown jewel turned liability Oxford Nanaopore and its latest set of results in today’s Bearcast. But I have a few points to add of my own, and it seems that Oxford has a few problems in the US Courts to deal with next March. Oh dear…..

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: a statistic that damns the AIM Casino as the failure it is

Fake Sheriff of AIM Marcus Stuttard and colleagues what a shit-showeryou preside over. Thanks to Adept Technology (ADT) we have a stat that damns you. I discuss this, the comedy/tragedy that is Providence Resources (PVR)/ Lansdowne Oil & Gas (LOGP) and their Chinese pals. I look at IP Group (IPO), its results, its balance sheet and its association with the stench of Neil Woodford. Apologies to the fragrant Lizard for my words. And I chat about chatting to Carson Block of Muddy Waters about Burford (BUR) and other matters.To get the Carson Block podcast downloaded to your phone register HERE

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: The stench of Neil Woodford makes IP Group uninvestable whatever Jefferies says

In today's podcast I look at Mobile Streams (MOS), Xeros Group (XSG), what causes Neil Woodford to call it a day and how the stench of his activites makes IP Group (IPO) uninvestable at any price whatever broker Jefferies says in a note today.

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PREMIUM CONTENT

A true Standard List shocker – Red Flags surround new IPO BSF Enterprise

Yesterday a new name joined the Standard List of the London Stock Exchange: that of BSF Enterprise (BSFA). It is yet another cash-shell to join the sub-standard list – as if we really needed any more – but a name sprang out at me and that name rang a bell.

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AML
AML
PREMIUM CONTENT

Yet another share price car crash at Aston Martin

In a manner reminiscent of a blundering, multi-take shoot of a James Bond film scene where his pristine ride is written off as part of a plot twist, I see Aston Martin Lagonda (AML) shares are once again having a shocker. Today's 20% odd fall follows the publication of a trading update which included the words 'revised outlook' in the headline. And you can guess already that this is not going to be an upward revision…

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast; My top 10 mid cap shorts in this crazy, crazy world

We live in a mad, mad world and I cite four examples of this: the banning of the original US flag by Nike 48 hours ahead of July 4, illiterate Zak Mir going into PR, the PI love-in on Bulletin Boards with utterly worthless Premier African Minerals (PREM) and the IPO of Funding Circle (FCH). I look at Dialight (DIA), and Fastjet (FJET) and then list my top ten shorts worth more than £250 million (with two slightly smaller cheats included) and explain the bear case for each.

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IPO
IPO
PREMIUM CONTENT

New Big Short Dossier - are Neil Woodford's pals at IP Group running out of money & its opaque accounts

In a bearcast last Thursday I discussed the complex relationships between IP Group (IPO) and disgraced Neil Woodford. They stink and IP, at 74p capitalised at £784 million, will be dragged into this scandal and that alone makes it a toxic investment. But there is a bigger reason why this company is a compelling short...

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - IP Group is surely a stonking Woodford short as its next placing looms

In today's bearcast I comment on Quindell fraudster  Rob Terry in light of my earlier artice, I look at the FRC, PWC and Redcentric (RCN), ValiRx (VAL), Plutus Powergen (PPG) and at Neil Woodford and IP Group (IPO) which might be next to unravel as the contagion spreads.

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TMO
TMO

Time Out Group – should have listened to us again, Neil Woodford you loser & forced seller!

“Holding(s) in Company” announcement from Time Out Group (TMO) shows last week Woodford Investment Management reduced its holding from 16.06% to “less than 5%”. The shares then falling from just above 90p to just below, and a circa £120 million market cap…

PPI
PPI
PREMIUM CONTENT

Another after hours utter Neil Woodford SHOCKER – Worthless Proton calls him for £25m, so who will pay?

I have flagged up repeatedly that one almighty headache for Neil Woodford is that NEX lobster pot listed joke company Proton Partners International (PPI) has a legally binding right to demand up to £70 million in equity investment from Nei Woodford’s funds. Given that its shares have traded once in the 3 and a half months since its scandalous IPO this is a real nightmare.  At 5PM today we learned Proton has called Woodford for £25 million…questions, questions…

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From 82p to 0.4p in seven years …its all a bit of a Blur as Maistro prepares for AIM Casino exit

Retained losses are £27 million and counting, the shares have collapsed from 82p at IPO to just 0.4p, Blur (BLUR), now rebranded as Maistro (MAIS), has been a disaster for investors but at least its founder Phil Letts and his ghastly wife who was also on a fat salary have been able to buy and upgrade a Country mansion, as we noted HERE.  Today as it issued another lack of profits warning and warned of another cash crisis, Maistro says it is going to delist from the AIM Cesspit.

AML
AML
PREMIUM CONTENT

Anyone fancy buying an Aston Martin Lagonda SUV to help the company make its numbers?

Lots and lots of numbers out today but something that really stuck out to me was the quarter one update from Aston Martin Lagonda (AML), which floated less than a year ago above 1800p a share...and today is on sale only for a few percent above 800p a share. Now that is ugly from anyone's perspective…

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Clown
PREMIUM CONTENT

Reckless Neil Woodford gambles with other people’s money on Induction Healthcare IPO

Induction Healthcare is coming to the AIM market in only the third IPO of the year on AIM. That kind of tells you now ain’t a great time, but leaving that aside, Neil Woodford has signed up for IPO shares (with no previous investment) in a company which seems to be a very long way from profitability. So is it his Equity Income Fund buying a company with no income? Maybe it is his Income Focus fund – although no matter how hard I focus, I still can’t see any dividends. Or perhaps it is Woodford Patient Capital (which has no cash)? I’ve no idea.

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FAR
FAR
PREMIUM CONTENT

Ferro-Alloy Resources - how about your adviser, broker & shareholder Shard send me a lawyers letter too after your joke IPO

I feel rather left out. A leading broker has received a fascist lawyers letter from Shard Capital for describing the IPO of Ferro-Alloy Resources (FAR) at 70p on 28 March as a "scam." He was a tad harsh in that description but with the shares having tanked to 31.5p already and still a screaming short, it does not smell good..So here is what stinks.

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CIR
CIR

Neil Woodford favourite Circassia – IP Group is selling

Oh dear! It appears from a TR-1 released by Circassia Pharmaceuticals (CIR) today as though IP Group (IPO) - a Woodford investee - has been selling shares in Circassia, a favourite of Neil Woodford...

IPO
IPO
PREMIUM CONTENT

IP Group – is there a read-across to Neil Woodford?

Fully-listed IP Group (IPO) is an investment company which throws money at early-stage companies. At the last count (28 Feb 2019) Woodford’s Equity Income Fund (EIF) was 3% invested. The remit sounds fairly close to that of WPCT – and many companies are indeed the same, as pointed out in previous ShareProphets articles.

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SOS
SOS
PREMIUM CONTENT

Sosandar slides again back towards IPO price – time to buy back in?

In covering this subject, my prime concern is not to hurt the feelings of Britain’s top share blogger, thirsty Paul Scott, who filled his boots at the 17p IPO. Mr Scott repeatedly argued, normally via 3AM thirsty tweet rants, that my tipping the shares was holding them back and so when I advised readers to bank 100% gains at 34p (and did so myself as well) he argued this was awful advice but thought it good for the share price which he saw at 65p+. The stock is off another 5% today at 22p to sell so should we be thinking of horrifying thirsty Paul and buying back in?

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FGP
FGP
PREMIUM CONTENT

A German Teutonic train ratio tells you that First Group remains cheap

The train operators certainly do make it easy to invest in them.  I read in the business pages of one of the deadwood press publications today that 'a £2.6 billion standoff over pensions threatens to derail a string of train franchises' which could well hit hopes to award long-term franchises in some parts of the country including the West Coast mainline which I live close to.  Another problem for that top performing politician Mr Grayling to deal with.  Why is his name never mentioned as a future Prime Minister?

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ARB
ARB
PREMIUM CONTENT

Argo Blockchain - now a buy?

Recently Argo Blockchain (ARB) announced a “Strategy Update” including “as a result of the challenging conditions, the company has ceased accepting new mining subscriptions and will terminate all existing mining-as-a-service contracts by 1st April 2019”. Particularly not good as the company only listed in August 2018! – that at 16p in an IPO our own Tom Winnifrith stagged (unsuccessfully); by the time of the noted announcement the shares had fallen to around 3p – but they have now recovered a bit and there looks a good chance of more to come…

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: the FCA must be having kittens over Neil Woodford, if it was anyone else it would have moved in by now

I start today's podcast with an expansion on the themes in today's Tomograph, why I am so depressed about the currupt and rotten state of the West. I discuss Kenmare (KMR) and naked NEDs and then look at Neil Woodford with reference to today's IPO of Proton Partners (PPI). If this was any other fund manager the FCA would have moved in to replace him by now. If you enjoyed this podcast please support the EIGHT rogue bloggers for Woodlarks with a small donation HERE

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AIQ
AIQ

AIQ – FY results show shares still well overvalued at 14.5p - Bargepole

Standard-listed AIQ (AIQ) – an investment company which rather caught our eye last year in the wake of its calamity of an IPO and repeat suspensions thereafter – has published its maiden full year results. Needless to say, they are nothing to write home about (unless you are a ShareProphets writer!)

Proton Beams to Neil Woodford’s rescue – nope this is just another spoof c/o deadwood press cocksuckers

The Sunday Times “reveals” ( i.e. is told by Neil Woodford’s PR spinners) that his Proton Partners , proton beam centre operator, is planning a £320 million IPO and hoping to raise £50 million on, o-f all places, the NEX Lobster pot. This is a spoof but the deadwood press ( step forward Peter Evans and Sabah Meddings) are happy to assist the great one.

ARB
ARB

Argo Blockchain: Richard Jennings says it is like being paid £10 to hand over a fiver but I think he's talking bollocks

I am a shareholder in the disaster that is Argo Blockchain (ARB) thanks, I think, to Richard Jennings of Align who suggested I back the IPO. Richard is a bull after today's news but as I explain in bearcast HERE I am not and think he is talking bollocks. But in the interests of balance here is what Richard has to say:

MNO
MNO
PREMIUM CONTENT

Maestrano – another disaster IPO on the AIM casino warns again

Floated on the AIM Cesspit in May 2018 at 15p a share and raising £6 million Maestrano (MNO) describes itself as a “cloud business integration platform with cross-app data synchronization” I’d describe it as an univestable piece of shit.

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FDP
FDP
PREMIUM CONTENT

First Derivatives – now tell us about Kx and Shakti: does this make your $53.8m ( which you don't have) a pure spunk?

Given that its IPO prospectus was fraudulent and how its earnings have been materially overstated in recent years as demonstrated here, only the sort of moron who would back the fraud Globo to the hilt would still be owning shares in First Derivatives (FDP). They are an outstanding short at 2125p. But now lets look at kX and something that might just blow up First early in the new year.

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Shock Winner of smug Sam Smith of FinnCrap Caption Contest announced

After its IPO I asked you all for suitable captions of the photo below. As you can see HERE there were many en tries but there can be only one winner of the sem i naked photo of the UK's top share blogger (mornings only), thirsty Paul Scott. If you feel aggrieved by the winner, fear not, we will have another contest featuring Sam when FinnCrap (FCAP) has its first profits warning. So you will not have to wait too long. Anyhow the winner is...

AJB
AJB

Key IPOs in 2018: Amigo, Aston Martin and Quilter

AJ Bell (AJB) made its introduction to the London Stock Exchange this week and it promises to be a great few days for those that got in on the IPO, with shares soaring almost +35% within the first two hours of trading. The tips have already started rolling in; Miles Costello (The Times) recommends buying as “the shares weren’t aggressively prices, and offer considerable growth and yield potential”. In this week’s article, we take a look back at tipster and broker sentiment towards three other key IPOs over the last six months: Amigo Holdings (AMGO)Aston Martin (AML) and Quilter (QLT).

Thursday Caption Contest - Sam Smith at the Stock Exchange to celebrate the FinnCap IPO

The picture below is of Sam Smith the CEO of FinnCrap (FCAP) celebrating the IPO of her company on AIM at the offices of the London Stock Exchange. I ask you for suitable captions in the comments section below with the prize for the wittiest and rudest being a semi naked picture of Britain's top share blogger (mornings only), Thirsty Paul Scott. For what it is worth I set an early low bar with my suggestion...

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Might Chris "Three Brains" Bailey be wrong about Thomas Cook? Are the shares really worth only 12p?

I start with the news about the olive harvest. When you get the full financial report you will laugh. I almost did. I am almost tempted to get Neil Woodford to invest in it. Then I discuss Thomas Cook (TCG), Audioboom (BUST) and Tekmar (TGP), another disastrous IPO on the AIM Casino. I also discuss the battle between the metropolitan elites and the rest of us ref. France, but also the UK and Brexit.

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PREMIUM CONTENT

I hope Amigo investors are loving their teeny tiny dividend

Back in late August I wrote an article about Amigo (AMGO) following the IPO of the 'pioneer of the guarantor loan concept for the non-standard market'. Having concluded last time that 'Amigo is no friend of mine, neither as a user, an underlying lender or a potential share investor', how did yesterday's first half numbers look?

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Could Watchstone, the bastard son of Quindell, be a buy?

In today's podcast I look at Tomco (TOM), Watchstone (WTG), the bastard son of Quenron, Condor Gold (CNR), dire numbers from WH Ireland (WHI) and the read across to the FinnCrap IPO, Amedeo Resources (AMED), the Sith Lord Zak Mir and Optibiotix (OPTI) and at Haydale (HAYD)

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: How Green is my valley and how cool is my hovel

I am back at the Greek Hovel and the noise outside is quite unbelievably torrential rain. I discuss the weather and how stunning the Hovel now looks. Photos are starting to go up HERE on TomWinnifrith.com. I look at Optibiotix (OPTI) and today's stunning news. Cynical Bear needs to get ready to send me another bottle of ouzo. I look at Xeros (XSG), Thomas Cook (TCG) and Telit (TCM) where the clock is ticking ever louder. I have a few more words on the IPO of FinnCrap.

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Beggar-Stockbroker

FinnCrap - the numbers, why the IPO valuation is a total rum ‘n’ coke – AVOID

If you wish to ignore my advice go ahead and pony up 28p a share (a £48 million market cap) in the IPO of smug Sam Smith’s FinnCap via Primary Bid HERE. But I would not. Here are the hard numbers which show what a joke this IPO is...

Hotel Chocolat – opens in Japan, growth profile “very interesting indeed”?

Hotel Chocolat (HOTC) has announced the opening of the first Hotel Chocolat store in Japan, emphasising a “hugely encouraging” reaction – this following house broker Liberum having noted on September-announced results “management has developed Hotel Chocolat into the leading UK premium chocolate brand and is now expanding that strategy into new international markets. The combined market size of the USA, Japan and Scandinavia is some 4.6x that of the UK and with sensible plans in place, the next stage of Hotel Chocolat’s growth profile looks very interesting indeed”

BigDish – notes “the recent share price volatility”. It mean the since-month-of-IPO quite consistent decline?

Restaurant ‘yield management’ (i.e. reservations with discounts to fill spare capacity) platform company BigDish (DISH) has updated including, “we note the recent share price volatility… but believe the overhang in the market has now been removed and we look forward to future positive market updates”

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Will Malcolm's Santa rally help Sam Smith get the ludicrous FinnCrap IPO off to a flying start

In my penultimate bearcast from Britain before heading off for the olive harvest in Greece I discuss Malcolm's Santa rally, the IPO of FinnCap which is a bargepole for me and why merging two mid tier auditors, BDO and Moore Stephens, will do nothing at all to diminish corporate fraud.

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FDP
FDP
PREMIUM CONTENT

First Derivatives shares surge on interims but 11 points you may wish to consider

As I write, shares in First Derivatives (FDP) the company floated via a fraudulent IPO and which has overstated its earnings by c50% for each of the past three years, are surging. Interims have gone down well and the stock is up 160p ( c5%) at £34.10. But hang on Henry… here are 11 points you may wish to consider before buying

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GYG
GYG
PREMIUM CONTENT

GYG – the Woodford reverse Midas touch strikes again: banks must be shitting themselves

Oh dear. When Neil Woodford spunked £8 million of other folks cash into the July 2017 100p a pop AIM casino IPO of yacht refitting company GYG (GYG) he thought this would be plain sailing. Oh no. Au contraire. The reverse Midas touch has struck Britain’s most arrogant fund mis-manager withy the second (lack of) profits warning in two months. Now I suggest the banks must be shitting themselves, the shares are 42.5p, sinking like the Titanic, as friendless as the Marie Celeste, and things are only going to get worse.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Malcolm kids himself, FinnCrap & Sam Smith must be desperate to IPO right now, why?

I start by referring you to a video just up of my labour of love, the Greek Hovel, which you can see HERE. Then I take apart the bullish nonsense about the stockmarket Malcolm Stacey served up yesterday HERE.  Finally I look at IPOs planned for the next few weeks such as that of Sam Smith's FinnCap and broker AJ Bell. Why oh why go now? Surely they are both either mad or desperate? I discuss in detail why both should be avoided like the plague, referring also to the Funding Circle IPO debacle.

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Beggar-Stockbroker
PREMIUM CONTENT

Is the Finncrap IPO a sign that AIM is doomed

Today brings news that FinnCap, Finncrap to its friends, the biggest AIM Nomad and broker is to buy Cavendish Corporate Finance, the corporate advisory firm run by pompous Tory Lord Leigh, who claims to speak for ordinary shareholders but is actually a City fat cat like the rest of them, and that the combined business will itself list on the casino in December. Is this a sign that AIM is headed into irreversible decline?

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FDP
FDP
PREMIUM CONTENT

First Derivatives - are its reported earnings real? After 20 years is KPMG sure?

A few days ago I showed hard evidence that the 2002 IPO of First Derivatives (FDP) was based on false earnings. That was dismissed by supporters as being so long ago that it did not matter. It does! But how about we move to the issue of whether reported earnings in the past three years are "real" or cooked up. I suggest it may well be the latter in which case the stock is going to tank at some stage, soon, when investors realise this. Let me explain...

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - who to blame for one of the worst IPOs of 2017 - Footasylum, and where next?

Firstly thank you if you have contributed to the Woodlarks Christmas Grotto appeal - we are now just £80 off the £2,500 target so if you can spare a fiver go HERE. In today's podcast I look at the benefits of aging and then at Footasylum (FOOT) in real detail after its latest abject results. I cover workplace diversity, macro trends, cashflows and who is to blame for this disastrous IPO. I hope to see some of you tonight in London and as you may gather I am on the warpath.

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FDP
FDP
PREMIUM CONTENT

First Derivatives – another curious deal: 1010 Data

In a weekend bearcast I flagged up that the real issue with First Derivatives (FDP) is that its core business is a rotten generator of cash. And that – as well as the fraudulent IPO and dodgy related party deals is why the shares ( off again this morning to £28.35) remain massively overvalued.  So what do you do if you are set to report dire free cashflows? Natch turn to the Sam Antar playbook – meet 1010 Data   

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JAN
JAN
PREMIUM CONTENT

Brian McMaster of Jangada Mines is a lying bastard who should be charged like Elon Musk after bailout placing at 3p

Back in June I wrote a piece suggesting that Jangada Mines (JAN) would raise further funds at a significant discount, and at the time I was shot down by many, including some market commentators.

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Crash
PREMIUM CONTENT

I'm a fan of the Aston Martin brand but won't be tempted by the IPO

I’m a big fan of Aston Martin cars and it is one of the most famous brands from the UK, but I can’t see myself rushing to buy shares when the IPO takes place in early October. More details on exactly how the floatation will be structured should become available when the car maker publishes a prospectus around September 20, but it is expected that it will be seeking a valuation of around £5 billion.

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ARB
ARB

Argo Blockchain: Congrats to Adrian Beeston, the Golden Fleece has been well and truly found

I have a grudging admiration for the stock promoters that inhabit the lower reaches of AIM or the Standard List playing around with cash shells and investment vehicles looking for the next big thing such as Chris Akers, Peter Redmond, Geoffrey Dart etc. Just sometimes it goes spectacularly right and I take my hat off to Adrian Beeston who has pulled off a fabulous heist at Argo Blockchain (ARB).

ARB
ARB

Stagging a Blockchain IPO – Argo

No, I still do not understand this blockchain malarkey but FWIW we have stagged the IPO of Argo Blockchain (ARB) on the standard list today at 16p. The fund raise was just so impressive. Argo set out to raise just £6 million.

IPO
IPO
PREMIUM CONTENT

IP Group - surely the shares are a sell...

The Communications Director for IP Group (IPO) is a former workmate and all round superstar Ms Liz Vaughan Adams, aka Lizard. So Lizard,  I'm sorry to be writing this but I picked this up on the broker wires this morning and I cannot disagree with this sell/go short thesis.  

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