Tintra (TNT) has issued an RNS “Strategic Investment Under Funding Round” which saw the shares soar up over 225% at the time of writing. The whole think stinks like a rotting herring stuffed down the back of a sofa in a very warm room.
Richard Shearer at Tintra (TNT)continues with the rapid news flow with two more RNS announcements since my last article. Let’s start with a positive from yesterday’s RNS: “Dan Pym, the Group Finance Director, will leave his job at the end of this week. The Company expects to make an announcement regarding his replacement prior to his departure.”
Today Tintra (TNT) announced its entry into the previously announced AI joint venture. There is nothing like announcing essentially the same deal twice to keep up the news flow. Under Richard Shearer, Tintra has turned into an RNS and share issuing machine. But these announcements are so patently bogus, how can Nomad Allenby sign off on such utter bollocks?
Since the arrival of the new management at what was St James House on 25 March 2021, there have been over 25 RNS announcements from the group now known as Tintra (TNT). That is enough on its own to scream caveat emptor.
Richard Shearer, the relatively new CEO of Tintra (he was only appointed on 2 July 2021) continues with his impressive and rapid transformation of the former uber dog St James House (SJH). Under his leadership Tintra (TNT) is now giving clear guidance of its strategy and the next steps in that process to shareholders and then rapidly executing on those steps.
Rapid progress is being made in the transformation of St James House (SJH) now renamed Tintra Plc (TNT) by the new CEO Richard Shearer as demonstrated by issuance of three RNS announcements on 13 August.
Since my last article on St James House (SJH), the Tintra connected Directors on the Board of St James House have been busy and there has been a flurry of announcements in July. But what they face is an Augean stable.