Keyword results: Shore Capital

SNX
SNX
PREMIUM CONTENT

Synectics – a recovery Buy?

Last month Synectics (SNX) announced a half-year (to May 31st) pre-tax profit of £0.5 million and said that period end net cash was £4.2 million. At a current 115p offer price, the market cap is £20.5 million, so how much upside potential is there? We believe there is enough value and impending newsflow to get the shares to 155p and here is why.

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HAT
HAT
PREMIUM CONTENT

H&T Group – positive trading update and acquisition

H&T Group (HAT), the UK's largest pawnbroker and a leading retailer of new and pre-owned jewellery and watches, has announced a half-year trading update and an acquisition.

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PREMIUM CONTENT

Crestchic – a business trading momentum Buy?...

Having recently reached above 200p, shares in Northbridge Industrial Services, now Crestchic plc (LOAD), have fallen back to a current 200p offer price, £56.5 million market cap. However, recent corporate activity and trading mean we target a more than 250p share price within three months and here’s why.

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PREMIUM CONTENT

Macfarlane – Germany acquisition, set to accelerate growth

Packaging group Macfarlane (MACF) “is pleased to announce the acquisition of PackMann Gesellschaft für Verpackungen und Dienstleistungen mbH, a protective packaging distribution business based in Eppelheim near Heidelberg, Germany”, emphasising it is to accelerate the growth of its protective packaging business in Northern Europe. Crazy name eh! German is such an amazing language. But a good deal.

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PREMIUM CONTENT

Macfarlane – AGM trading update, upgrades after half-year?

Packaging group Macfarlane (MACF) has announced “a solid start to 2022, with first quarter sales and profits from continuing operations ahead of the same period in 2021… expectations for the full year are unchanged”. So what of a current 120.5p share price?

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Bonhill – 2021 results & fundraise, how was the balance sheet?...

Previously writing on B2B media group Bonhill (BONH) I noted that it proposed to raise approximately £1.1 million at 5.5p per share via a placing and open offer it stated “for working capital purposes” but I suggested to avert cash crunch ahoy. Now further fundraising detail along with calendar year 2021 results.

SNX
SNX

Synectics – argues first quarter ‘in line with expectations’, but what is required for the full-year?...

Security and surveillance systems company Synectics (SNX) has announced “trading in the first quarter of the new financial year was in line with the board's expectations… The company's consolidated order book as at 31 March 2022 was approximately £29.0 million (30 November 2021: £28.4 million) and the group's balance sheet remains strong with net cash of approximately £3.9 million at 31 March 2022”. So what of a current approaching 7% share price fall towards 116p?...

Bonhill – trading update, fundraise for working capital or to avert cash crunch ahoy?...

Previously writing on B2B media group Bonhill (BONH), in July with the shares falling below 13p I concluded that, with much near-term recovery needed to meet forecasts, only on my watchlist. Today a “Directorate changes, Fundraising & Trading Update” announcement – and the shares currently further lower to 5.5p.

EYE
EYE

Eagle Eye Solutions – interims, demonstrating ability to execute on opportunity?

Previously writing on marketing technology group Eagle Eye Solutions (EYE), in November with the shares up towards 600p I concluded I remained wary of the valuation multiples and continued to avoid. How’s that looking now following results for the group’s half-year ended 31st December 2021?…

NBI
NBI

Northbridge Industrial Services – update with Tasman disposal “substantially complete”, restructured potential?

Northbridge Industrial Services (NBI) has made an update with the disposal of the Tasman drilling equipment and services division now substantially complete. So what of a share price rise to a current 167.5p?…

PREMIUM CONTENT

Macfarlane – 2021 results and confident of further growth, Buy

Packaging group Macfarlane (MACF) has announced results for the 2021 calendar year and that 2022 trading in the early months has been “encouraging” and that it is confident it will deliver further growth.

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TON
TON

Titon – “pleased that revenues… have risen slightly”, but profit?...

Previously writing on ventilation systems and window and door hardware company Titon Holdings (TON), in December with the shares at 107.5p I noted full-year trading improvement, but what’s the outlook?. Now a “trading update” and the shares, having last closed at 100p, are currently at 80p!

PREMIUM CONTENT

John Menzies plc – are takeover approaches ‘opportunistic’ and ‘fundamentally undervaluing’ it?...

Having ended January at 286.5p, shares in aviation services company John Menzies (MNZS) were subsequently quite subdued and closed at 282p on 4th February. There were then rises on 7th February to 320p and 8th February to 335p… and then today a “Rejection of Unsolicited Approach” announcement. Of course, nothing to see re. that trading though folks – this is the London Stock Exchange’s ‘Premium Main Market’ after all! And what of the ‘approach’?…

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Strix Has Been Off the Boil, but the Maker of Kettle Bits Seems Set to Steam Head Again

Hello Share Rattlers. I’ve commended Strix Group (KETL) to you before but lately this maker of kettle bits has not been one of my more illustrious calls. It’s down by a third compared to the second half of last year. But the fall, connected to perceived supply and transport issues together with the rising cost of raw materials, seems to me unjustified.

SNX
SNX

Synectics – full-year trading update, return to profit potential?...

Previously writing on security and surveillance systems company Synectics (SNX), on its half-year results with the shares at 133.5p I reviewed the return to profit potential and concluded then just on the watchlist. Today a trading update and the shares up…but to 112.5p. What’s the latest?…

BAG
BAG

A.G. Barr – ahead of expectations, what about the outlook now?...

Shares in drinks company with brands including IRN-BRURubicon and Funkin, A.G. Barr (BAG) are currently 11% higher today, at 520p, on the back of a trading update. So what’s the story?…

EYE
EYE

Eagle Eye Solutions – “comfortably ahead of management expectations”… but what does that mean financially?...

Marketing technology group Eagle Eye Solutions (EYE) has announced “revenue growth of 35% in Q1 versus the prior year, an increase from the Q4 FY21 growth of 27%. As a result, the board now expects adjusted EBITDA for the full year ending 30 June 2022 to be comfortably ahead of management expectations”… and the shares have currently responded circa 5% higher towards 600p. How does the valuation look?…

TON
TON

Titon – from CEO “has settled in very well” to CEO resignation in 2 months!

Ventilation systems and window and door hardware company Titon Holdings (TON) announced in September that non-executives Bernd Ratzke and Kevin Sargeant had given notice of their intention to step down, noting that it “is going through a transitional period following the appointment of Mat Norris as CEO. Matt has settled in very well and will lead the group in the next stage of its development to drive growth in all of our businesses”. Today… “Chief Executive Officer resignation”!

Epwin – emphasises “strong trading”, but outlook?...

Previously writing on building products manufacturer Epwin Group (EPWN), in May with the shares at 107p I noted “indicators of consumer confidence strengthening”… but value here?. The shares last closed at 106.75p but are currently above 110p on the back of a half-year trading update. So what’s the latest?…

EYE
EYE

Eagle Eye Solutions – CEO share purchase, but reassuring?

An early this week trading update from marketing technology group Eagle Eye Solutions (EYE) saw the shares closing at 540p. They have since retreated though and today a PDMR Shareholding” announcement. Confidence restored?…

BAG
BAG

A.G. Barr – ‘ahead of expectations’, but value?...

A trading update from IRN-BRURubiconFunkin and more drinks company A.G. Barr (BAG) emphasises “full year profit expected to be ahead of previous expectations” and the shares have currently responded slightly higher to 530p. Does there look further value?…

EYE
EYE

Eagle Eye Solutions – argues “good financial performance… Strong cash performance”. Er...

Self-styled “a leading SaaS technology company that creates digital connections enabling personalised, real-time marketing through coupons, loyalty, apps, subscriptions and gift services”, Eagle Eye Solutions (EYE) has made a trading update emphasising “a good financial performance… Strong cash performance, ahead of market expectations… With a growing customer base and record sales pipeline the board looks to the future with increased confidence”. What does it all mean financially though?…

Bonhill – first half update, how confident ‘in line with full-year expectations’?

Self-styled “a leading B2B media business specialising in three key areas: Business Information, Events and Data & Analytics” Bonhill Group (BONH) has made a trading update including that it “is pleased to announce that trading in the period is in line with market expectations for the year ending 31 December 2021” and “market conditions continue to improve”. Why are the shares currently below 13p, compared to more than 17p reached in April?…

NMCN plc – I having previously warned in December, now an intra-day “Trading Update”...

Previously writing on a further update from UK engineering and construction company NMCN plc (NMCNI concluded with the shares falling back below 250p still bargepole ahoy after previously noting a far from planned CEO ‘step down’ and a trading warning following CFO resignation and what sounded like a rush for liquidity. Now an intra-day (1:23pm) “Trading Update and Notice of Results” announcement. Why don’t I think it is going to be good?!…

NMCN plc – further updates, how’s the liquidity position now?...

Previously writing on UK engineering and construction company NMCN plc (NMCN), I’ve noted a far from planned CEO ‘step down’ and a trading warning following recent CFO resignation and what sounds like a rush for liquidity. Now further updates – and the shares currently slumping in response…

Buffett
PREMIUM CONTENT

Want to invest like Warren Buffett in Smaller Companies?

I don’t need to remind readers that Warren Buffett has a bit of a track record, having clocked up 20-odd % average gains every year since the stone age. There have been plenty of studies on his success, one of which was the book of “Buffettology” and the aftermath of that saw the launch of SDL UK Buffettology unit trust. Now, from the same people, the Buffettology Smaller Companies Investment Trust is being prepared for IPO on the main list of the London Stock Exchange next week. Might it be worth a punt?

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Cake Box Holdings – “further details on the purchases”. Er...

“Director/PDMR Shareholding” announcement from Cake Box Holdings (CBOX) commences; “The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives further details on the purchases”. The major transaction is though a director shares sale!…

YU
YU

Yu Group – appoints fraudsters' favourite SP Angel as Nomad/Broker……guess what comes next

Yet another Red Flag was hoisted above AIM-listed Yu Group (YU.) Towers this morning as it announced its pleasure at appointing SP Angel as Nomad/Broker. Whilst I have little time for any Nomad, surely ex-appointee Shore Capital carried a little more gravitas than the Nomad to Versarian (VRS) and Eurasia Mining (EUA) not to mentiuon the MySquar )MYSQ) fraud where it turned a blind eye to crime, and SP Angel’s broker side has been hit with the scandal at Skinbiotherapeutics (SBTX). But did Shore Capital walk, or was it pushed?

BPC
BPC
PREMIUM CONTENT

Bahamas Petroleum - £7 million open offer: one to pass

And so the saga continues. Bahamas Petroleum (BPC) having failed to get institutional backing for a placing at 1p to raise $20-25 million is now heading back to its existing shareholders with a £7 million open offer at 2p. You’d be mad to take it and here is why.

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TCN
TCN

Tricorn Group – does ‘trading update’ justify a 33%+ share price fall?

“Trading Update” from pipe and tubing assemblies company Tricorn (TCN) – and the shares currently at 12p, down more than 33% on the day…

BPC
BPC
PREMIUM CONTENT

Winnileaks Exclusive: Bahamas Petroleum responds to ShareProphets & dissembles

Earlier today I revealed that Bahamas Petroleum (BPC) was trying to raise $25 million. It could not do it at 1.4p so is now trying at 1.2p and that it has had to rope in bucket shop brokers such as Novum and Cornhill shows that it is struggling. The company has responded but, thanks to Winnileaks, it has dissembled as I demonstrate  with an email that has fallen into my hands as you can see below.

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BPC
BPC
PREMIUM CONTENT

SCOOP: Bahamas Petroleum - $25 million placing ahoy, at 1.2p!

I now have it double sourced that Bahamas Petroleum (BPC) is struggling to get away a placing to raise $25 million. At 1.875p the market cap is £29 million.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Don't mention the football & trying to be a customer of St James Place

Okay I too mention how my beloved West Ham disgraced themselves last night. I was there. It was awful. A long drive home. This morning I tried doing business with St James Place (SJP). What a nightm are! is there an honest IFA who can help me with a simple problem? I then look at Woodford Patient Capital Trust (WPCT), Big Sofa (BST), Eve Group (EVE), Xaar (XAR)  and what the shock news from Shore Capital (SGR) says about the state of the AIM Casino.

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LightwaveRF – argues an “incredibly encouraging” order… but what about the bottom-line & balance sheet?

Previously writing on “leading smart home solutions provider” LightwaveRF (LWRF), in April I concluded with the shares back above 8p that I continued to avoid. Today a “European distributor order” announcement including CEO Jason Elliott emphasising “it is incredibly encouraging to see one of our newer partnerships, which is directed to developing our European markets, making such strong early progress with this sizeable first order”

Are You Game for a Video Game Developer with A-Listers on its Starry Client List?

Hello, Share Forkers. As someone who lost a packet yonks ago by investing in video game makers, I have been wary ever since. My family also took a pounding in that dark previous period when a prominent video retailer got into trouble. But you cannot let old prejudices get in the way...

BPC
BPC

Bahamas Petroleum Pump & Dump – I do hope shareholders were lubed up, this will hurt

A month ago shares in cash strapped Bahamas Petroleum (BPC) traded at 1.2p which was probably generous. for this company has struggled for years to secure the farm in partner it needs to drill its acreage in the Caribbean. But then things started to happen.

EYE
EYE

Eagle Eye Solutions – “Appointment of Joint Broker”. Uh oh…

Eagle Eye Solutions (EYE) “is pleased to announce the appointment of Shore Capital as joint corporate broker to the company with immediate effect”. Hmmm, why might that be?...

YU
YU
PREMIUM CONTENT

Fuck Yu! Shares crash 80% as accounting review commences. Uh oh….. surely this is another £12m of AIM fraud?

AIM-listed Yu Group (YU.) only joined the Casino back in March 2016, via a placing at 185p. Since then it has been a one-way street for shareholders, with the stock rising to a peak of over £14 in March of this year. And then the Finance Director resigned…..

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SOS
SOS
PREMIUM CONTENT

Sosandar – a pissed-off bull speaks!

I continue to hold a small parcel of shares in AIM-listed Sosandar. I had been hoping to offload a few more at 50p but in the wake of a placing at 32p and the market sell-off that seems somewhat optimistic for some time to come. Tom Winnifrith sold all his shares some time ago and has commented on the update from the company and the placing at 32p HERE and HERE. So I thought I would throw my 2p worth in as well.

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SOS
SOS
PREMIUM CONTENT

Sosandar – House Broker Shore slaps on a price target of 50p, but is it too low?

Shore Capital is the recently appointed house broker (and Nomad) to AIM-listed online ladies wear outfit Sosandar (SOS) and is thus hardly going to publish a sell note. Last night it released a broker note which has dropped into my inbox, and it has slapped a “present fair value” price of 50p on the shares. Normally one might treat such notes with a bit of caution for over-egging the pudding – after all, this broker note tells us that it is a marketing communication and as such I would expect the best case scenario to be put. But in this case I wonder about that. Here is why...

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UP Global Sourcing – despite listing less than a year ago… ANOTHER profit warning!

Trading Update and Notice of Results announcement from consumer goods company UP Global Sourcing (UPGS) including “it should be noted that H1 2017 was an unusually strong period for the group” - this in an update for its half year ended 31st January 2018. Uh oh…

FRP
FRP

Fairpoint – I previously said ‘a fair point towards disaster’, now it’s all the way…

I previously wrote on Fairpoint Group (FRP) on a June update that it would not be in a position to publish its annual report and accounts in the six months from year-end it has under AIM rules as it was unable to sign-off the audit after having “been notified by its bank, AIB Group (UK) plc, that it is unwilling to provide the level of on-going support requested by the company”. This saw me note ‘a fair point towards disaster’… and now it’s all the way…

Eden Research - Financials suggest its going tits up, FRC pans it after my request), Part 1

Eden Research (EDEN) has today published godawful results and admitted that my very good friends at the Financial Reporting Council (FRC) investigated it - after I requested such an investigation - and have forced it to restate past numbers. It claims that the FRC has now settled all matters. Au contraire. that is another lie from the fraudsters and there are many more porkies in this statement. Truly, the pants of shamed PR Paul Queenie McManus of Walbrook will be cinders and ash after this effort. This all came out as Eden published Godawful numbers for calendar 2016.

Eden Research: Profits warning, Terpenetech fraud not addressed, running out of cash again!

Today's end of year trading statement from Eden Research (EDEN) is a disaster. It does its best to distract you from a looming cash crunch and a profits warning but what it also makes clear is that the Terpenetech deal of August 2015 was a fraud. How do we know? Because it is not mentioned. It is swept under the carpet. FRAUD, FRAUD, FRAUD I say again FRAUD.

Terpenetech & Eden Research - let's go back to the start of the Fraud

We have clearly demonstrated that Eden Research (EDEN) managed to get a covert placing away with its panama pump securities fraud deal announced with Terpenetech Ltd on August 24 2015 and revealed HERE. But this is not the first time that Eden has hoodwinked its investors with Terpenetech..let's go back to 23 June 2011.

Bearcast

Tom Winnifrith BearCast 8 September - Hotel Corp Scumbags, UK housing crash and more

A wide ranging podcast today from my rather cold garage in Bristol. Why oh why cant I be in Greece? In today's issue I sart with the disgraceful antics of the directors of AIM casino shocker The Hotel Corp (HCP) and Shore Capital. Pledge your support to Marcus Yeoman marcus@springtimeconsultants.co.uk now! Then I turn to Oxford Instruments (OXIG), SQS Software (SQS) which gets a major doing over, Fitbug (FITB), Tern (TERN) and M Winkworth (WINK) where my thoughts are more about UK house prices than about the company itself.

Listen to the Bearcast:
HCP
HCP

Hotel Corporation: Marcus Yeoman bites back against the crony capitalist board: back Yeoman

Marcus Yeoman has today written to shareholders in Hotel Corp (HCP) giving a full explanation of why they should back him and not the discredited fat cat slug crony capitalist chairman Derek Short at the forthcoming EGM. Time is running out to give Yeoman your proxy and all shareholder should do this by 11 September. If you own shares in Hotel Corp please contact Yeoman NOW on marcus@springtimeconsultants.co.uk – the letter from Yeoman is below.

HCP
HCP

VCT Watch: Puma VCTs ref Hotel Corp and Shore Capital

I was interested to note Tom Winnifrith’s Saturday Bearcast covering the ongoing tug of war at AIM listed Hotel Corp. Referring to past performance, where Hotel Corp’s beleaguered shareholders were near-enough wiped out whilst pursuing a business model of property investment managed by Shore Capital, and proposals by the incumbent management at Hotel Corp to do it all again, Tom noted that he would be interested to see how the Shore Capital run Puma VCTs had been doing. Ever happy to oblige…..

Bearcast

Tom Winnifrith Bearcast 29 August - so bloody angry with ShoreCap and the Directors of Hotel Corp who are liars

At no-one is watching a clock yesterday AIM listed Hotel Corp (HCP) directors published a document seeking to thwart boardroom change at this disaster story and save their grubby tax free pay packets. Sadly for them I have obtained a series of emails which show that the document contained a series of lies. Worse still I have obtained accounts showing how 22% shareholder and ex Nomad to Hotel Corp, Shore Capital has coined it in from this vehicle, making millions, as shareholders have lost everything. The directors and Shore Cap oppose Yeoman and wish to pursue another venture similar to the last one which cost shareholders everything but made Shore millions ( and paid the useless board too much for doing sweet FA). I expose the lot of them and am furious.

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HCP
HCP

Hotel Corp – Yeoman buying shares – back him NOW in tight fight against fat cat crony capitalist slug Derek Short

The battle to control Hotel Corp (HCP) is hotting up.  But only one side is putting its money where its mouth is and that is Marcus Yeoman. He is up against a barrage of crony capitalists and all shareholders should, on principle as well as to make money, rally to his side.

HCP
HCP

Hotel Corporation – Pledge your Proxy to Marcus Yeoman: a call to arms

Shares in Hotel Corporation (HCP) have moved back to 1.3-1.5p because there are signs of life. This is an ideal cash shell for someone with a track record of doing deals. But right now it is doing nothing. The two directors are Derek Short – a septuagenarian crony capitalist drawing £25,000 a year for sipping G&Ts in Jersey ( no tax there) and David Craine an Isle of Man Crony Capitalist drawing another £25,000 for doing sweet FA from another tax haven.

EMR
EMR

Empresaria very strong trading update - at least 25% share price upside

International specialist staffing group, Empresaria (EMR) has updated investors that calendar 2014 “profitability will be slightly ahead of market expectations” and that “we see exciting growth opportunities ahead and are confident in our ability to continue to deliver profitable growth”

Supermarkets To Get Post Christmas Shake Up

Christmas is over. On my weekly visit to supermarkets on Saturday both Morrisons (MRW) and Aldi were noticeably less busy. Morrisons in particular- about four weeks ago there were around double the number of shoppers in store. Huddersfield’s ‘nightlife’ was quieter on Saturday too, significantly. Some clubs didn’t even open.

TOM
TOM

Tomco Energy; how much longer will the LSE ignore forward selling of placements?

Tomco Energy (TOM) is not a company I have researched. In fact, I don’t really know anything about Tomco other than one fact. Its placement on September 26th was forward sold. Just look at the chart below and it is clear as day what happened. In the year leading up to September 17th, Tomco traded in an end of day close range of between 1.1p and 1.675p. This valued the business at between £20.5million and £31.3million. Suddenly, on September 18th, Tomco’s share price started to nosedive. In the space of a week it dropped roughly 25% to close at 0.82p on September 25th. The following morning, I imagine to the shock of most ordinary shareholders, Tomco announced it had raised £1million (before expenses) at 0.5p. Apart from the wanton destruction of shareholder value, what is saddest about yet another sordid little episode on AIM, is that whoever is behind this blatant market abuse cannot be remotely bothered to cover their tracks. They know the AIM Regulation team will pass the buck and say it’s not in their remit to investigate. They know the FCA will do nothing about this. They know no one will be punished. How much longer will the London Stock Exchange sully its reputation by allowing this wretched behaviour to go on?

Hydrogen Group – interim results, recovery in progress?

Shares in specialist recruitment group operating primarily in the technology, finance, professional and engineering sectors, Hydrogen (HYDG) currently trade slightly lower today on the back of results for a first half of the 2014 calendar year which “disappointed”. With the company though confident that future business profitability will improve, is there recovery value here?

Hydrogen Group – seemingly good value, but is it actually?

I previously wrote on specialist recruiter Hydrogen Group (HYDG) in January – concluding that, with the shares at 108p, the prospective rating looked reasonable but that the cautious would await further clarity (see HERE). The shares remained above 100p until a May AGM update which included that “in some areas we have observed a delay in conversion to completed placements and we are yet to see an across-the-board uplift in Net Fee Income. It is therefore still too early to say with certainty when the different practices and regions will see sustained acceleration”. Ahead of the 16th September-scheduled interim results, I take another look at this stock following a further update on trading last month and with the shares currently at 80.5p.

HZM
HZM

Horizonte Minerals Araguaia Nickel Project update – broker comment



Horizonte Minerals (HZM) has served up an update on its Araguaia nickel project. The shares have not responded much and trade at 7.625p. But brokers seem enthused.

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