Packaging company DS Smith (SMDS) has announced results for its year ended 30th April 2022, with it emphasising “a strong improvement in profitability and high cash generation… The new financial year has started well, building on the momentum”. This sounds good.
It is nearly Christmas, thank goodness. But despite it being the day before Christmas Eve there are still a few things going on, even beyond firmer markets thanks to the German health minister this morning observing that a ‘lockdown isn’t ruled out, but it’s not needed right now’. No wonder markets across Europe are up a bit today. One story that surprised me this morning was the news that Flutter Entertainment (FLTR) – the business most of us remember as Paddy Power – ‘is pleased to announce the acquisition of Sisal, Italy’s leading online gaming operator, from CVC Capital Partners Fund VI for a consideration of €1.913bn/£1.62bn’.
Sometimes I look at a company and think its shares are just too cheap at the current market cap and is pretty much being priced to fail, yet in some cases there certainly doesn’t appear to be anything fundamentally wrong that suggests that to be the situation.
It is nice to see Entain (ENT) shares pushing up to a new all-time high today. It took a bit of time for my Christmas 2019 tip to work out and – helped by doubling up my exposure a few months later – an investment in the company originally known as the ‘international sports betting and gambling company GVC’ has worked out really well.
Oh dear, oh dear. Excuses are like arseholes. We all have them but nobody cares. And natch the fraud Supply@ME Capital (SYME) has excuses as to why calendar 2020 accounts have been delayed but they do not stack up.
Hello, Share Clangers. It’s been a few weeks since I last commended BT Group (BT.A) to your further scrutiny. Since then, the shares have risen by a third. But I don’t think the upward action is over yet. Latest news reminds us that BT, whose presence dominates Blighty’s busy phone world, is also a big global player.
I’ve always gone on the basis that if something doesn’t feel quite right when it comes to non-binding deals being announced, then at the very least it is worth questioning the likelihood of completion. Of course, that isn’t always the case and some non-binding letters of intent, or memorandums of understanding, do in fact proceed as outlined, but my first thoughts when I saw today’s news from Zenith Energy (ZEN) was that it looked very ‘spoofy’...
BT Group (BT.A) has seen its share price drop quickly over the past few months, and following the publication of its quarterly results yesterday and news on Huawei it is trading at close to its lowest share price in recent years.
Rockhopper Exploration (RKH) was one of the most popular shares on the AIM market at one time, but in recent years it has fallen totally out of favour and its share price has plummeted. It is nearly a decade since this oil explorer first announced a big discovery at its Sea Lion prospect in the North Falkland basin and its share price rocketed, hitting highs of in excess of 550p per share and a market cap in the hundreds of millions...
Cabot Energy (CAB) suddenly seems to have become very popular for such a small AIM oil company, and given the recent news on a forthcoming discounted fundraise, I’m surprised that people are paying a huge premium to that.
The man who exposed Globo (GBO) and Folli Follie as outright frauds is back with a devestating new dossier on 1 billion Euro capitalised Bio-On which is listed on Italy's AIM market. This looks like a slam dunk zero to me. The dossier from Gabriel and Quintessential Asset Management is below.. as ever we are first with the news....
When is a net profit not really a profit? When it is being announced by Prospex Oil and Gas (PXOG) would appear to be one answer to that question!
Coro Energy (CORO) was my pick this year during the Dragon’s Den session I was involved in at the UK Investor Show, and I also hold a small position here myself from around the current share price. Like many smaller companies in the oil and gas sector, it is an investment that I class as being speculative, hence not risking huge amounts of money in it at this stage – but there is also a lot of potential upside...
Rockhopper Exploration (RKH) was one of the darlings of AIM back in 2010/11 and was a big hit with investors when it first discovered and appraised the Sealion field in the Falklands, but since then interest has waned.
The EU has had a lot of trouble on its hands, as its members, such as Poland and Hungary, are openly challenging the established order. This time it’s a very serious situation, because Brussels is facing defiance from Italy, the 3rd largest national economy in the eurozone and the 8th largest global economy in terms of nominal GDP. It has a population of over 60 million. It is also a Europhile country and the bloc’s founding member...
Vodafone (VOD) has had a very weak year so far and the share price has been dropping steadily, but I believe that it can still turn things around longer term.
Optibiotix (OPTI) has announced what is its 14th (or is it 15th) big commercial partnership. But how big? Thanks to a Nomad who needs shooting it has taken us 36 hours to find out. So here goes.
The pain of the 2008 crash will seem like a mere flesh wound compared to the devastation the next deflationary wave will wreak...
I start with the myth which Julian Richer is trying to perpetuate that you can somehow stop large scale, 100% legal, tax avoidance by folks like Sir Phil Green or indeed the legal stuff we all engage in by using dividends in private companies, etc. Then I ask if Italy might break the Euro or even the EU who are behaving - again - with shocking contempt for the little people. It should. Will it? Finally...98% of bearcast listeners have NOT yet sponsored myself and Brokerman Dan for our 30 mile Woodlarks walk. If you enjoy bearcast I am sure you can spare a tenner so donate HERE - to those who have donated I say thank you.
Forgive me for being cynical, but when a load of private investors who are known for taking part in placings suddenly start raving about how great a tiny AIM company is, then flipping the recent equity raise immediately springs to mind!
Even large, FTSE-100 shares can go through periods where seemingly every piece of news brings about a decline in the share price, and the company seems to be hit by one negative revelation after another. But as long as there isn’t anything wrong with the underlying business, then often these are just temporary blips and can offer the sort of recovery opportunities, and potential returns, that you don’t see often with outfits of this size.
I’ve been on holiday for a week in Italy (funnily enough) and am just catching up on a few interesting pieces of news and thought I would comment on the Saffron Energy (SRON) deal with Sound Energy (SOU) that was announced last week. Makes a lot of sense in many ways but I am disappointed by the scale of the James Parsons-led ramp that has started already supported in all the usual places.
I’ve been bearish on the valuation of Sound Energy (SOU) for a while now, and nothing in the updates this week on Tendrara or its final results have changed that opinion. Don’t get me wrong, I can certainly see potential in this company, and it has done well to turn things around and get to where it is currently, but I still think that it is crazy that it is trading at a market cap of well over £500 million at this point in time.
Whenever you get a big drop in the share price of FTSE350 companies it can represent a buying opportunity, depending of course on what caused the drop in the first place.
I am utterly wiped out after day one of what looks like being a cracking harvest. A full photo report is HERE. In the podcast I discuss votes tomorrow in Austria and Italy and what they mean and why we bears are feeling good about the lack of a Santa Rally. Trump was Santa this year and that rally is over. I explain why I disagree with Malcolm Stacey's article today. I then look at a number of AIM stocks set to slide and why, as I refer to Steve's piece earlier. In focus: Avanti Communications (AVN), Advanced Oncotherapy (AVO), Telit (TCM), Boohoo (BOO), Tungsten (TUNG), Fastjet (FJET), Cloudtag (CTAG), African Potash (AFPO) and I have a few words about Worthington (WRN)
In the US the Left has a lot of soul searching to do, as does the Right. Trump wasn’t the Republican’s preferred choice and they fought him tooth and nail all the way. In terms of the traditional Left vs Right rivalry, both sides lost this election.
Oil still has a long way to go before it is at a healthy level for many oil companies, but the recent rise back above $50 a barrel certainly seems to be creating some interest in the sector, at least for the time being.
The UK's economic growth for the second quarter has been revised upwards by the Office for National Statistics to 0.7%, from a previous estimate of 0.6% as the ONS said service sector growth and consumer spending had come in stronger than previously thought. Brexit?
After an announcement last week claiming an “exciting development” in the French market helped shares in the company higher to 5.25p, we’ve this week had another announcement from Vipera (VIP); “Broadened Customer Engagement Solutions Offering”. Hmmm…
Sound Energy (SOU) has been one of the best performing small oil companies this year in terms of its share price, but when you take a closer look it is hard to see how it justifies anywhere remotely close to its current valuation.
Northern Petroleum (NOP) has today announced it has completed its Rainbow deal in Canada and hapless CEO little Keith Bush has insisted that cash is not an issue. The, heavily spun, statement skips critical details and the fact is that Northern will be out of cash a lot sooner than most folks think. This looks terminal.
O.K. Italy got into deep trouble in the bloody aftermath of the big credit crunch. It was among the top three countries affected worst. At that difficult time, Silvio Berlusconi was in charge and he said there was nothing to worry about the economy, when there clearly was. What can you do with a bury-your-head-in-the-sand leader like that?
Buon Giorno Share People. I spent last week testing the Italian power of recovery to revitalise the Eurozone and so invigorate the UK economy, particularly, as always, the value of our shares.
Hello Share Fellows. You may have noticed that I’ve not been posting my usual observations for a week now. That is not because I’m in dark despair. But I’ve been in Italy investigating the financial situation there.
Hello Share Plungers. We’re told by the International Monetary Fund that Greece will never be able to pay back its big debt and that creditors should be willing to take a haircut. Sense at last, but with the Germans in a bloody frame of mind towards the Greeks, that short back and sides will not be forthcoming.
It’s early September and the international qualification campaigns begin again in earnest today. After a very profitable World Cup (despite Brazil’s collapse and my terrible picks in the knockout phases), I am back to my favourite international league format. The system I use, as I showed in the group phase in Brazil, works best when the variance is smoothed. The principle is simple. Over the course of a run of competitive games all the quirks of 90-minute games of footy average themselves out and the true quality of teams shines through. The scoring system I use is better than the FIFA Ranking system, because it better captures the relative strengths of opponents. Over the next few days, I will follow the same format as I did over the first fortnight of the World Cup, but this time I will also throw in at least one accumulator. And boy is it a fantastic bet.
Hello Share Curdlers: If you have been avoiding shares in other European countries you have made a big mistake. A lot of Continental companies are doing rather well. How do I know? Well, take a look at how some of the big funds which invest in only European shares have been doing for their clients.
Northern Petroleum (NOP) is running out of money. A cash call is inevitable and it will happen before Christmas. Hence prostitute researcher Edison has “reinitiated coverage”. That means Northern has paid it a cheque to write bullshit so that private investors are suckered into buying the stock before institutions buy in at a whopping discount. The Edison note says it all. It is a classic.
What a World Cup this is turning into and we’re only into the third day. Yesterday’s entertainment was brilliant and if this pace keeps up the tournament could be a classic. So far, all three of my bets have come in. I’d love to be able to claim deep footballing insight, but the truth is these selections have been easy; profitable, but easy. Today the matches are much tougher to call, but I will continue to rely on the scoring system I use to guide me.
At last it’s here! Next Thursday, the World cup begins, as Brazil take on Croatia. I cannot wait for this tournament and expect it to be a classic. There is so much pessimism surrounding this year’s competition (the strikes, the extremely poor preparations, corruption etc.) that expectations are extremely low. The contrast between this and the pre-tournament excitement before Africa 2010 is immense. Consider then what a dire World Cup that one proved to be. Even a moderately good set of games this time around will surpass expectations. Unfortunately for England I don’t rate our chances at all.