I have written a few times, most recently HERE, about the ‘development and marketing of veterinary products’ company Dechra Pharmaceuticals (DPH). Whilst I remember being very impressed by it many years ago when it listed, I concluded back in late February that it may have said ‘thanks to the love of dogs (and Brexit fears)’ but it did not work for me. Since then the stock has pushed up even further although – as noted last week – insufficiently to join the FTSE-100. And the shares are down by more than 7% as I write, so what is going on?
An announcement of “eyeCraft360 British Army trial success” from security and surveillance systems group Petards (PEG) – and the shares currently at 7.75p, more than 5% higher…
Previously writing on security and surveillance systems group Petards (PEG), in February I concluded; Also noting net debt of £0.5 million, the shares are currently more than 20% lower on the day, below 10p. I’ll review the full-year results statement particularly for the overall balance sheet picture but, with also continuing trading visibility concerns here, will presently continue to avoid. Now, on the results… the shares currently below 7p, a further 17.5% lower currently today...
One clown is Justin Waite from Vox Markets the other is Mr Tumble who entertains folks Joshua's age on CBeebies. I explain the two big differences betweeen the two Justin the Clowns. I look at a classic feck up by London's worst Nomad Roland "Fatty" Cornish. poor man, he has a lot on his plate right now. I look at Andalas Energy (ADL) what the broker coverage of Petards (PEG) shows about the cesspit in the City and I cover just wholly unacceptable executive greed at Coro Energy (CORO). I forgot to mention crony capitalist greed at Toople (TOOP), a coke and hookers event for City spivs but you can read about it HERE. I do, however, comment on NMC Health (NMC) and Finablr (FIN).
Previously writing on security and surveillance systems group Petards (PEG), in September with the shares down to 16p I noted the balance sheet position despite noted profit and concluded also cautious of its still reliance on a second half weighting, I currently avoid. Now a “Trading Update”…
At first glance Argo Blockchain (ARB) seems to be very different to the type of companies that I normally cover within the natural resources sector, but the actual economics of the business isn’t all that dissimilar.
“Petards Group plc (AIM: PEG), the AIM quoted developer of advanced security and surveillance systems, is pleased to report its interim results for the six months ended 30 June 2019” and “remains confident in the group's future prospects”. The shares have currently responded to 16p, capitalising the company at £9.2 million – er, approaching 18% down…
I have not written on Abcam (ABC) but given the nature of its last appearance on this website ("Abcam fat cats and useless 1%-er Non Execs") many will think just desserts about today's 11% share price fall (as I write)…
I plan to record a podcast on www.TomWinnifrith.com on this special day on why I feel more grim about what happens next. In bearcast I cover AIQ (AIQ), Nighthawk (HAWK), Telit (TCM), Ferrum Crescent (FCR) and Petards (PEG)
This is a long podcast as there is much to cover. On the agenda: Magnolia Petroleum (MAGP), Milestone Group (MSG), Metals Exploration (MTL), Servision (SEV), Pantheon Resources (PANR), Fusionex (FXI), SalvaRx (SALV), Telit Communications (TCM) Jim Slater & PEG investing and finally the Aussie Poltroons Slater & Gordon (SGH)
As someone who works in the fishing tackle industry as my day job, and have done so for nearly 20 years, I watched with interest as the first retailer in the sector floated on the AIM market last June.
Online fashion retailer Boohoo (BOO) has undergone a steady recovery over the past 15 months or so, but I would question how much further this run of upwards momentum can extend.
I heard the news that Jim Slater had died on Thursday and exchanged emails with his son, my friend Mark, soon after, and several since. My thoughts are really with Mark, his siblings and the wider Slater family at this time but for the record his father was a truly amazing man and his passing is a loss to the investment world as well as to his family.
At first glance it may be said that shares of Petards do not seem to be the stuff that bull legend is made of, but closer inspection of what is clearly a relatively illiquid situation does suggest we are looking at a decent recovery play.
This article was posted as a comment on ShareProphets but after discussion with Tom Winnifrith I am happy for it to gain a wider audience and Tom is very keen that both sides of the argument be heard. Tom's articles and bearcasts on Boohoo (BOO) are utter nonsense. Let's take each point in turn;
One of the problems that AIM-listed China stocks have at the moment is that nobody believes them. Nobody believes the claimed cash-piles or profits. This is amply demonstrated by the stock-market histoire of Aquatic Foods (AFG), a member of the ShareProphets AIM-China Filthy Forty. To remind you, it listed in just February of this year at 70p per share, to give it a market capitalisation of £79.3 million. Yet the shares fell steadily to the current 29p. Today saw Interims to the end of June 2015. Scratch the surface, and the Red Flags are all too apparent.
By rights we should have been witnessing the big breakthrough on the charting front at Petards as long ago as last summer, with the gap to the upside the shares managed through the 200 day moving average.
Tipping a recent IPO is always a tad nerve-wracking as some companies just take their eye off the ball as they head to AIM, regarding it as the end of a journey not the start. And so I am rather chuffed with Entu (ENTU) which listed in the autumn at 100p, we tipped at a 107p offer and which is now 120p-124p. Well done to young Steve for it was he who spotted this. Results out this week vindicate the lad.
Hello Share Plinkers. What is the most reliable way of telling if a company will keep on piling on share value and doling out ever fatter dividends? Wouldn't you like to know? Well, we all would.
With the year 2014 complete we now turn to think what it may mean for HSBC (HSBA) and the results to be published early in the New Year. A glance at the charts suggests – from the perspective on a one year view – that the shares are perhaps are towards the bottom of a sideways trading range in which the share price has found support at around 590p and a potential., imputed possibility of it getting back up to 640p or so in due time.
It is to be noted that Carnival (CCL) the cruise liner business with a good share of the US Caribbean nautical holiday business has at a share price of 2664p (last seen) broken out of a trading range going back to 2012 into new share price territory. That is happy outcome because in a brief note published last July I said that I though the shares looked like a buy at 2117p. So, having risen a useful 25% and more in four months what does one do now?
BT ‘s (BT.A) reported ‘statutory’ earnings showed a 28% drop in the three months to 30 September, qualified by the company’s management as a 13% rise in adjusted terms. In line with the adjusted figure for earnings, the interim dividend payout was hiked up 15%.Such volatility and contrast between reported and adjusted earnings helped to ease the shares down.
This is Tom Winnifrith’s last video postcard from Greece for seven weeks. He is back in London at the weekend preparing for a presentation on how companies on AIM overstate profits with real examples. That is on Monday but is booked out but if you want to be able to advance book for Tom’s next presentation (it’s free & comes with pizza and wine) register HERE
Back in January I was enticed into making a value call on AB Foods(ABF) versus Next (NXT), coming to the conclusion that Next, which does not have a sugar business, looked the better value on what looked like a less excitable more restrained valuation. I now note that the gap between AB and Next has narrowed to about the narrowest it has been for a year.
Jim Slater, father of UK Investor Show speaker Mark, is the controversial fellow who created the PEG (Price Earnings Growth) method of investment analysis. Using PEG analysis e has today served up two AIM listed stocks he reckons as buys in today’s Daily Telegraph. One of the, as it happens, is a stock Steve Moore and I have tipped on our Nifty Fifty website.
Hello Share Meddlers: There are lots of little pointers we need to consider before buying or selling a share. Most of them are hard to get your head around.
Shares in identity technology company GB Group (GBG) currently trade slightly higher today, at 149p, on the back of an AGM update of a “strong start to the financial year” and with the board “confident that GB Group will deliver another year of positive progress”. The following updates my April view – with the shares then at 145p – which concluded that the risk/reward was not then overly appealing for a share purchase.
Nine weeks ago after the profits warning from ASOS (ASC), to much abuse from Bulletin Board Morons who looked at price not value, I warned that the shares would fall further from £33 - HERE. They have. But the shares have further to slide and I am today cutting my target price from £20 - see HERE - to £16 and here’s why.
So, with the 152 % increase in Q1 profitability and – more fundamentally important the reported 4% in passenger numbers – is the curse of O’Leary be lifted for Ryanair; transformed into something more endearing and cuddly than the hard bitten reputation of past times? The thing that makes equity investing the dynamic thing it is – for good or ill – is the fact that companies are managed by people and people can adapt to change and challenge, as Mr. O’ Leary is clearly attempting to do now. The fact that 4% more passengers have elected to go Ryanair suggests that he has won through; or at least is not still on the back foot in terms of public appreciation of Ryanair Holdings (RYA).
ASOS (ASC) got off lightly with its profits warning yesterday but as its PR and IR machine cranks up do not be tempted to bottom fish at £33 – this stock £70 not that long ago ) is heading lower still. £23 looks about right as an initial share price target.
As a value investment the InterContinental Hotel Group (IHG) looks hugely overpriced. Understanding the reasons for that and viewing the shares from a ‘momentum’ perspective the shares look attractive.