Keyword results: Kin Group

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Bidstack trading update highlights continuing high cash burn and limited revenue

The Bidstack (BIDS) saga is one which I have watched unfold but have made little comment on myself, other than thinking that the valuation that it reached was bonkers and writing as much in an article on ShareProphets last May.

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Bidstack – I can't see value at this price

I don’t generally invest in earlier stage tech companies due to the risk of failure, but I have been following the Bidstack Group (BIDS) story with interest. I’m fully aware that early stage companies in this sector often trade at a large premium to their valuation on paper, as the value is all about future potential and growth and there are examples out there of outfits that started out as small companies before seeing their technology really take off and are now worth a fortune. But this is rare and far more fail and ultimately end up worthless.

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Bearcast
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Tom Winnifrith Bearcast: Bidstack a buy? Atlantic Capital spivs are taking the piss

I explain why there was no podcast yesterday - we all have our crosses to bear. Then it is onto Plus500 (PLUS) and Bidstack (BIDS) formerly Kin Group, formerly Fitbug. Now: how about you join Adam Reynolds and Susan Dando and be a Superstar HERE

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Biome Technologies: With 100% in the bag, it’s time to take a little off the table

I first tipped Biome Technologies (BIOM) last November at about 215p and tipped it again at 260p earlier this year (HERE). With it more than doubling up from my first tip, I’ve hit my initial target and although there could well be more to come, I suggest that some form of top-slicing before the results in a couple of weeks might make sense.

Bearcast
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Tom Winnifrith bearcast: I have reported myself, Waseem Shakoor & Lucian Miers to the FCA for market abuse over UKOG

I discuss the history of me being reported by Mike Walters and other morons to the FCA (FSA as was) for market abuse and in that vein I am reporting myself, Waseem Shakoor and Lucian Miers because of our comments over UK Oil & Gas (UKOG), the grossly overvalued, financially challenged mega ramp so loved by morons. Elsewhere I look at RockRose Energy (RRE) - time for a Cynical apology - Kin Group (KIN) and at Inspirit (INSP). Oh yes, and God is punishing me for being smug.

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Tern: Is this going to be the worst ever example of the death spiral?

I must admit to having a slightly morbid fascination with the various death spiral variants. They all look so similar on the face of it but the devil is in the detail and although the one announced by Tern (TERN) on Thursday looks harmless enough, it could easily crucify the share price, much more so than has been seen already.

KIN
KIN

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

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

KIN
KIN

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

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

Bearcast

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

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

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AVO
AVO

Advanced Oncotherapy now just 10p to sell. When will Bracknor walk – or has it already?

Cynical Bear wonders whether there might be a read across to AIM-listed Advanced Oncotherapy (AVO) from today’s news from suspended-pending-clarification Kin Group (KIN) in the wake of its announcement that its funding partner had walked because the share price had fallen so far. Certainly, given the cash-back situation for any loan note conversion by Bracknor into Advanced shares there looks to be a point at which the situation breaks down..

KIN
KIN

Kin Group – on the verge of ‘kin disaster as shares suspended. You were warned…

On 15th May the renamed from Fitbug Holdings, Kin Group (KIN) was “pleased to announce that it has secured up to £1.125 million (before expenses) of additional funding”. I bet it was – as I noted this bailout funding, with also amongst the conditions “the closing bid price of the company's ordinary shares (as reported by Bloomberg) not being below £0.001 (0.1 pence) for any five consecutive trading days on or prior to the relevant issue date” and concluding it remains bargepole ahoy. The shares had now slid towards 0.05p – and there’s a “Statement re. Suspension” announcement. Uh oh…

KIN
KIN

New bailout funding ‘kin starts at Kin Group… though for how ‘kin long?

And so it ‘kin begins (that and the title should appease Cynical Bear); Kin Group (KIN) “hereby announces that on 26 May 2017 it received a notice of conversion in respect of £100,000 in nominal value of the loan notes which were issued to Belastock Capital L.P. Definitions used in this announcement are taken from the company's announcements dated 15 May 2017”

KIN
KIN

‘Kin ‘ell, Steve, you missed a trick or two, what are you playing at? Where’s the warm welcome back for L1 Capital?

I’ve been away for a few days so just catching up on matters and first things first, I need to pick up my normally excellent colleague, Steve Moore, on a couple of glaring ommissions in his piece on Kin Group (KIN) and its funding announcement earlier this week. It was rather rude after all to not give a warm welcome to an old friend.

KIN
KIN

Kin Group – bailout funding reviewed (with help from Nicole Scherzinger)

Having previously suggested future ramparoonies for the company to place into somewhat more limited, Kin Group (KIN, the former Fitbug) “is pleased to announce that it has… agreed to issue convertible unsecured loan notes with a term of three years, to raise up to £1.125 million (before expenses), to Belastock Capital L.P., an overseas based institutional investor”. Hmmm…

Goodbye jam-tomorrow entity Fitbug Holdings Plc. Hello, er, jam-tomorrow entity, Kin Group Plc

Fitbug Holdings (FITB) has updated that all resolutions were passed at its AGM today – including meaning it’s soon goodbye the jam-tomorrow entity that is Fitbug Holdings Plc and hello a, er, jam-tomorrow entity that is to be Kin Group Plc...

Fitbug – 2016 results include “an idea whose time has come”. Really?...

Fitbug (FITB) has announced 2016 calendar year results – including that it believes it has “an idea whose time has come” – and a proposed change of name, to Kin Group. Hmmm…

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