While there is disagreement among the investment experts about whether inflation, stagflation or outright recessionary deflation is on the horizon, there seems to be a consensus that times are going to be tough for a the rest of this year and 2023.
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom non Darren article is “The View From The Montana Log-Cabin As Gold Heads Lower Again” by Nigel Somerville at number 5 or number 10 if you include Bearcasts.
Two weeks ago today at Sharestock, I spoke about Victoria Carpets Plc (VCP) and outlined the reasons why I thought it still had the makings of a good short, despite its fall from £12 in January when I last wrote on it. Although the stock closed yesterday at just 427p, the share price gyrations of the past fortnight underline why I stated that right now might not be a great time to open the short. The shares raced ahead post Sharestock but are now 53p below the share price then.
As promised, AIM-listed Scirocco Energy (SCIR) – the former Solo Oil (SOLO) – has called the requisitioned EGM and published the associated circular which threatens to change the Board, sack advisers and revisit the investment strategy. Well done Scirocco…..but I have a few issues with what the company tells its investors.
Having asked for readers tips for 2022 for the prize of 1/2 litre of Tom Winnifrith's Greek Hovel olive oil (2022 harvest) HERE, following the August bank holiday update on performance, here is the latest (to be eligible needed to have selected, on a once per username basis, a buy & sell pick from the LSE, AIM casino or Aquis lobster pot and the stocks not to have been suspended at the commencement of 2022).
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom non Darren article is “From Montana To ShareStock In Wales (By Thirty Yards) As Gold Hangs Around” by Nigel Somerville at number 3 or number 8 if you include Bearcasts.
Wood Group (WG.) has announced its results for the first half of 2022 and that it expects an improved performance in the second half, including being helped by an improvement in its Turbines joint ventures.
Essentra (ESNT) has announced results for the first half of 2022 and that it “continue to see strength in our order book, providing encouragement as we move into the second half”.
Early stage financial services businesses investor B.P. Marsh (BPM) has announced it remains confident it will continue with its historic growth trajectory and deliver attractive returns for investors, including a dividend per share “at least” maintained at last year’s 2.78p for the next two years.
In today's Bearcast, I discuss banksters’ bonuses and the evil Tories, Made.com (MADE), Checkit (CKT), musicMagpie (MMAG), Versarien (VRS) and THG (THG).
The other day, I served up evidence suggesting that Eurasia Mining (EUA) may not be able to get funds to its loss making Russian operating subsidiaries which could be a terminal event. I have now written to AIM Regulation begging it to force a clarifying RNS
I start with window activity here at the Welsh Hovel and what it tells you about the economy. Then onto Wildcat (WCAT), Versarien (VRS), Made.com (MADE) and finally a detailed look at Bidstack (BIDS) where you should be short.
Floorcoverings distributor Headlam Group (HEAD) has announced results for the first half of 2022 and that trading resilience continues with it remaining on track to meet market expectations for the year.
The first big call on Naked Wines (WINE) was 18 days ago HERE. Then there was a big follow up article on September 6 HERE. After 2 announcements at no-one is watching O'Clock last night the shares have crashed by 40% today. I discuss where next as I ponder Evil Banksta's generous gifts on Saturday.
Put it in your diary now. That is ShareStock 2023. Come on Jimbo you have more than a year to persuade your Mrs to allow you out for the weekend. Courage mon brave! In the podcast I look at Audioboom (BOOM), Parsley Box (MEAL), Fevertree (FEVR) and the greed of Novum, king of the spivs Jon Bellis and Strand Hanson with 2 Standard List IPOs today. No way on earth with that structure will anyone bar the crony capitalists make money from those deals. Coke & hookers all round.
In today's Bearcast I look at UK Oil & Gas (UKOG), Canadian Overseas Petroleum (COPL), Westminster Group (WSG), Audioboom (BOOM) and Victoria (VCP).
Gold ended the week at $1717 – hardly moved from last week’s $1713. I, on the other hand, took a trip to Wales – by 30 yards – to attend ShareStock 2022 courtesy of ShareProphets’ esteemed leader Tom Winnifrith. It was an interesting affair - especially as Tom Winnifrith threatened to hurl Optibiotix' (OPTI) head honcho into the river Dee!
The photo below was of me at Sharestock talking about fraud. I discuss the day and ask those who attended to say which speakers I should drop for next year and to make any other comments. Then I discuss what profits warnings are inevitable a week on Tuesday. PS Thanks to those offering gifts of wine and ouzo yesterday. It is much appreciated although I am not inquite the right place to start on them today.
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom non Darren article is “The Gold View From The Montana Log-Cabin As The Fed Is In A Jackson’s Hole” by Nigel Somerville at number 5 or number 11 if you include Bearcasts.
Back in November of last year the CEO of Cake Box (CBOX) sold 3 million shares at 350p to mug fund managers. That means that over the past two years he has trousered £16.4 million at 170p and 350p. Lucky him. The company, which I have called out for months as a slam dunk car crash waiting to happen, has recently served up a horrific profit warning and its shares touched 90p. But then the CEO invested £250,000 at 121p and hey presto the shares are now 142p – more than halfway back to the pre-warning 180p level. This is absurd.
Packaging company DS Smith (SMDS) has issued an AGM update including a trading statement and that Finance Director Adrian Marsh has informed the company of his intention to retire on a successor being in place.
I am a Republican but was an admirer of the late Queen. I reflect a bit on her death and on mawkish sentimentality and appropriated grief. I can't think she would have approved of either. ShareStock tomorrow will go ahead as planned. With folks having flown in from many places to attend it is too late to cancel even if I thought it appropriate which I do not. I then talk about Sosandar (SOS) asking when its profits warning will be? Then about Manolete (MANO ) and Gear4Music (G4M).
A few logistics on shared cabs etc for Sharestock first. Then Darktrace (DARK), Funding Circle (FCH), Alien Metals (UFO), Cenkos (CNKS), FinnCap (FCAP), Shield Therapeutics (STC) and Restaurant Group (RTN)
In today's podcast I end with a few ShareStock logistics matters ahead of Saturday. Before that: Wishbone Gold (WSBN), Alien Metals (UFO), Avacta (AVCT), Asimilar (ASLR), TrustPilot (TRST), Ceres Power (CWR) and Deepverge (DVRG).
Sometimes a share price flags up that something is awry. In the case of Nightcap (NGHT) the bars chain, dripping in red flags with some of the worst corporate governance on the AIM sewer, run by Dragon Sarah Willingham and her husband Michael Toxic, I think that is the case. So La Willingham when are you going to 'fess up?
I start with a few logistics on Sharestock, the opt in for booking supper with my family and how you have just 60 hours to book a seat HERE. Then onto Parsley Box (MEAL) and the sex pest I exposed last week HERE before contacting the company., Cineworld (CINE), Avacta (AVCT), Zamaz (ZAMZ) and the useless FCA and the related party or not shenanigans at Alien Metals (UFO) and its Nomad (London's worst) Roland "Fatty" Cornish.
I start with a few words on the logistics for Sharestock, the supper with my family and Wednesday's deadline for booking HERE. Then on why Avacta (AVCT) shares will collapse at any time, on retail-aggeddon and then onto the Malcolm Stacey view that we should all be in cash. I disagree witn the old Guardian reading loon.
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom non Darren article is “The Gold View From The Montana Log-Cabin As The Fed Is In A Jackson’s Hole” by Nigel Somerville at number 5 or number 11 if you include Bearcasts.
It is one week to ShareStock and I am flat out today cooking, mowing and otherwise preparing for the event. If you have a ticket and want a home cooked supper remember you must opt in by emailing me. If you have not yet booked I shall stop taking bookings on Wednesday night so please do book HERE. Following on from yesterday's sexual expose, I now look at how Parsley Box (MEAL) screwed its customers, defrauding them to stave off a cash crisis last Autumn. And what does that all mean for the company? It ain't pretty.
Shares in Cineworld (CINE) are rocketing. They were down to 2p. Today they are more than 50% ahead at just under 7p, valuing this company at £90 million. On the BBs folks are talking 10p and 20p. They have not been this excited and screamed “burn shorters burn” since they piled inro Petropavlovsk (POG) just before it went bust. Or Thomas Cook, shares in which surged from 4p to 14p in the last fortnight before it went bust!
I end with some logistics on Sharestock, booking for supper, tickets etc - we are now looking at almost 80 seats on the lawn. If you want to book yours please do so this weekend so I can sort out catering etc HERE. I start with economics lessons for the NHS and greedy and lazy Shipmans, then onto Cineworld (CINE), then thanks to Evil Banksta, what is an RCF and musicMagpie (MMAG). Finally today's new issue Zamaz (ZAMZ) a £77 million IPO worth, £350,000. This is a true shocker. What is the FCA thinking about in permitting this to list on the Standard List?
It is my ninth wedding anniversary today and I am a lucky fellow indeed. Tonight a romantic meal at the local boozer with the Mrs. Having discussed this and answering my own quiz question I move onto contemporary art where i am glad to be getting out as claims of hs historic performance offer no guide to the future. Then I look at Revolution Beauty (REVB), Boohoo.com (BOO), Tomco (TOM), Cake Box (CBOX), Made.com (MADE), Asilimar (ASLR), Dev Clever (DEV) and Audioboom (BOOM).
In today's bearcast I look in detail at Cake Box (CBOX), nanosynth (NNN) and Skinbiotherapeutics (SBTX).
Packaging group Macfarlane (MACF) has announced results for the first half of 2022 and that it expects to deliver another year of profit growth.
I start on if I could, why I would short an opticians chain. I think the answer is I can't but I explain why I would like to. Then it is onto musicMagpie (MMAG), the fraud that is Supply@ME Capital (SYME), Shield Thereapeutics (STX) - today's lesson in insanity - and Ben's Creek (BEN) and disgraced Adam Wilson.
I hope this is fairly self-explanatory and that the regulators will launch a swift enquiry if only to show that on the world’s most successful growth market, nothing so tawdry has occurred at that hotbed of scholars and gentlemen that is Tern PLC (TERN)
It is just 12 days to Sharestock when 70-80 folks will spend the day in a tent on a raised garden on the banks of the River Dee. There will be free drinks all day and up to four meals of locally produced food. There is salmon and pike fishing, prize croquet but this day is for those who want to make more money from shares. It will be fun and entertaining with no speaker, least of all me, pulling their punches.
B2B video streaming technology company Aferian (AFRN) has announced results for its half year ended 31st May 2022 and confidence in second half prospects.
I start with a nasty shock my grandmother, Lesbia Cochrane, got in the late 1920s. This is relevant I suggest that a whole swathe of millenials could be getting a similar shock this year and that is one of many reasons why I pose the Boohoo (BOO) question. I look at its balance sheet, cashflows, shocking G ( as in ESG) and find myself agreeing with ouzo man. Thewn the chart below and what it means for any company including Purplebricks (PURP) , getting some PR dictated puffery in The Times today, exposed to UK housing. Finally it is 12 days to ShareStock. I am off to mow the lawn for the tents next, book your seats HERE
Having asked for readers tips for 2022 for the prize of 1/2 litre of Tom Winnifrith's Greek Hovel olive oil (2022 harvest) HERE, the following is a, late-August, bank holiday update on performance (to be eligible needed to have selected, on a once per username basis, a buy & sell pick from the LSE, AIM casino or Aquis lobster pot and the stocks not to have been suspended at the commencement of 2022).
I start by responding to some of your comments on yesterday's Naked Wines (WINE) podcast HERE. Then onto Liz Truss and why her VAT plan shows she is either dim or bonkers.In stating that inflation can be tackled with handouts rather than, as Maggie knew, with pain all round and, in this case, peace in Ukraine not an endless war, Ms Truss is lying to us all. Then onto the strange death of Cineworld (CINE).
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom non Darren article is “Orcadian Energy is seeking to develop its Pilot oil field at just the right time and has a chance to succeed despite the Capex – speculative buy” by Gary Newman at number 5 or number 12 if you include Bearcasts.
Congratulations to those remembering Steve Holdsworth with a pint at 10 AM today. That is more than I could manage. Staying with the booze theme I discuss why Naked Wines (WINE) may run out of cash and how bad it is and could be. Then it is onto the housebuilders: is the bad news priced in with sub double figure PEs? Sharestock is now 14 days away. To get your seat book HERE
In today's podcast I discuss today's breaking news on disgraced Neil Woodford's comeback and the scandalous deception Nanosynth (NNN) has attempted . Then it is on to UK and US house prices, that Moody's forecast and related matters. Then Revolution Beauty (REVB) and Oxford Cannibanoid (OCTP) - as tipped by naughty Bethany Garner of Forbes who really should have her bottom spanked for her antics.
nanosynth (NNN) has today issued a grotesquely misleading press release which tells investors that it has secured access to almost £3 million in death spiral funding. It has not. It has deceived mugs. Two years ago Versarien (VRS) issued an RNS about a deal with the same death spiral provider which I pushed the Oxymorons at AIM Regulation on, and which they forced loathsome Neill Ricketts and hois motley crew to correct. I have now written to the Oxymorons again…
OptiBiotix Health (OPTI) has announced that it now expects half-year sales in its new structure to be materially lower than expected and, though it expects sales normalising in the second half and healthy growth next year, the current year is to now be “insufficient to make up the H1 deficit”. We profusely apologise for the short-term disappointment though, having spoken to the company, what to do now with the shares down at 20p to buy, a £17.6 million market cap?
I start with a joke the late Steve Holdsworth would have appreciated for I can confirm that reports of his death were, sadly, not exaggerated. Then onto two US oil plays where I see big troubles ahead: Canadian Overseas Petroleum (COPL) and Zephyr Energy (ZPHR). Then onto the failings of Aquis in covering up the sins of disgraced Graham Mullis at Love Hemp (LIFE) and onto another shocker from the lobster pot Evrima (EVA), hat tip M for that one. Finally, a detailed look at Powerhouse Energy (PHE), its dismal interims, Zak's appalling forecast/plain paid for ramping and the looming cash crisis set to unfold by this time next year. The big tent for ShareStock arrived today. Gosh it is heavy. I am dreading trying to put it up. To get inside it book your seats HERE.
If Steve Holdsworth has not passed away as I was told I hope he enjoys what I have to say about him. If he has that is my greatest loss today although I do also discuss Optibiotix (OPTI) and Skinbiotherapeutics (SBTX) in detail, the two battering the value of my pension fund. I won't push Steve O' Hara in the River at Sharestock but if he brings his chairman I'd be tempted. Grilling O'Hara in person over a Wrexham lager is surely another reason for you to book HERE. The number of seats now needed: 74. Join the crowd on September 10. I discuss Red Rock Resources (RRR), Allied Minds (ALM), Canadian Overseas Petroleum (COPL) and, on behalf of a convalescing Nigel Somerville, Haydale Graphene (HAYD).
I start with a reference to this personal podcast about Christmas Day 1914 HERE. Then it is onto Ironveld Resources (IRON), Kefi Gold & Copper (KEFI), Skinbiotherapeutics (SBTX), Advanced Oncotherapy (AVO) and Argo Blockchain (ARB) and it is one of two more reasons give to book your seats at ShareStock on September 10 NOW HERE
All is explained in the podcast but my pension has gone to nil cash after this trade. Then I look at Eden Research (EDEN), musicMagpie (MMAG), Cineworld (CINE), Boohoo.com (BOO) and Revolution Beauty (REVB). As of today 72 chairs will be needed for ShareStock on September 10. I am scrabbling to get them so if you want to attend please book early in case I need to do more scrabbling. Book HERE
Dev Clever (DEV) has some very belated results out today. Its failure to update on current cash tells you it is almost bust. So too, I suggest, is its proposed RTO target Veative. And also Asimilar (ASLR) the listed company most of whose NAV is Dev related. I analyse the results and explain, not that Nigel Wray will want to hear this, why the Dev valuation is a joke. This whole mess is a £180 million nest of snakes.
Thungela Resources (TGA) has announced results for the first half of 2022, noting “profit for the reporting period of R9.6 billion in a volatile operating environment (H1 2021: R351 million)”. This has currently helped the shares up to around 1500p, so how does the value look now?
The root causes of all these bubbles popping (apart from the next Lenigas/paid ramper Zak Mir and Richard Poulden shit show) are the same. I explain and discuss.
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom article is Me and “The Millionaire Next Door” by Chris Bailey at number 7 or number 13 if you include Bearcasts.
I start by revealing the latest speaker at ShareStock and if you are thinking of coming please do book ASAP so I can order the right number of chairs, pizzas etc. You can book HERE. Then it is onto Cineworld (CINE), what should have happened on Friday but did not and what happens next. Then I discuss whether Marston's (MARS) is another Cineworld in waiting.
A spokesman for Ironveld Resources (IRON) denied to me yesterday that sitting on price sensitive information for at least 6 weeks during which time the share price slumped by 30% as some folks “miraculously” knew the bad news, is not doing anything wrong. “The company does not believe that it has done anything wrong”. Neither do 90% of the inmates of Wormwood Scrubs. Whatever you say Giles Clarke and Martin Eales.
Hello Share Mashers. As my grandpappy used to say, it ain’t what you win on shares that makes you a millionaire. It’s what you avoid losing. That’s why it’s so important to listen to bear raiders. The brave souls who speculate not that companies will succeed, but that they will fail. This is so difficult. Much harder than picking the winners I try to do.
I end with a few words on Sharestock as I prepare the jam tomorrow. Tickets and details of our latest speaker can be found HERE. Then onto Cineworld (CINE), Revolution Beauty (REVB) which is already making Mahmud Kamani of Boohoo (BOO) look like a prat. Again! And then Chill Brands (CHLL). Tomorrow I report another two corporate bosses tgo the regulators. That is my weekend treat!
The financial adviser to Predator Oil & Gas (PRD), Peterhouse Capital has already resigned because of the share dealings by Mr Griffiths and it may well have contacted the FCA – as the regulator ( no sniggering at the back) of the Standard List and the guardian against financial crime ( STOP sniggering!) about the matter. Just in case it has not, I have written today.
The court case docket is below. I explain what it is all about and why it could crash Asimilar (ASLR), AAA (AAA) and Audioboom (BOOM), I also look at Westminster Group (WSG) where it is placing ahoy as vile ex Tory MP Sir Tony Baldry destroys yet more shareholder value, Ben's Creek (BEN) and its placing and Predator Oil & Gas (PRD) and the mounting regulatory storm concerning Paul Griffiths. He has got to go. Finally I will announce a new ShareStock speaker tomorrow, book your seats now HERE
I start with preparations for Sharestock on 10 September - if you are coming please book your seats now HERE. Then it is onto Cineworld (CINE), the stench of dodgy share dealing at Predator Oil & Gas (PRD), more buit still incomplete disclosures on boardroom share dumping at the fraud Supply@ME Capital (SYME) and why Mahmud Kamani of Boohoo (BOO) is the last person on earth to follow as his company (adviser Zeus Capital) takes a 7.1% stake in Revolution Beauty (REVB) - adviser Zeus Capital. It is a small and cosy world innit?
In today's bearcast I discuss Kirsty Allsop's great macro call, Made.com's (MADE) looming financial crisis (with a screen grab below from its own website telling you how bad it is), the oil price ( down 25% in two months and falling) and Canadian Overseas Petroleum (COPL) and why it is a zero in 2023.
Yesterday I discussed how Ironveld Resources (IRON) via its PR man Tim Blythe of BlytheRay ands the awful Mail on Sunday was smearing Richard Jennings but ignoring the real issue which were breaches of AIM Rule 10 and 11. But what is sauce for the goose... I today read to you a string of remarks made by Giles Clarke, Ironveld's chairman in whatsapp messages now in my posession. After yesterday's indignation perhaps Mr Clarke wants to consider his position. Then onto Abingdon Health (ABDX), liquidity drying up and what it can mean, Parsley Box (MEAL) and musicMagpie (MMAG). I also discuss Wishbone Gold (WSBN) urging a note of caution on "nearology."
Today's Mail on Sunday carries a nasty hit job on Richard Jennings of Align accusing him of racism. You can read it HERE. The story is clearly manufactured by Ironveld Resources (IRON). I do not know enough SA slang to comment on Jennings' words. However, amazingly the dickhead journalist not only failed to report matters showing Jennings as a supporter of poor blacks in Zim South despite having the evidence, but the whatsapp messages referred to show Ironveld driving a coach and horses through AIM Rule 11 and AIM Rule 10 so misleading its investors. I explain why that may have enabled some smart money to get out at the wrong prioe and why this should be enough to see Martin Eales and Giles Clarke fired at once. Unlike the wretched Mail I bring you the full whatsapp thread.
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom article is If you got lucky with Capita shares four of five months ago, you should exit stage left now by Chris Bailey at number 13 or number 19 if you include Bearcasts.
I start with gardening news and a bit sbout ShareStock 2022 and 2023 and urge prompt ticket booking for the former HERE. Why Victoria (VCP) is a zero in waiting is a matter for Sharestock but today I look at why Cineworld (CINE) has not collapsed yet but why it will. Then there is Advanced Oncotherapy (AVO) and why it MUST end in tears whatever PL says. Finally I comment on the lunacy of Malcolm Stacey. I think he meant to send today's column to the Guardian letters page, it is insanity writ large.
I start with dire numbers from the theme park operator and what they mean for companies such as MADE.com (MADE), Fevertree (FEVR) and ProCook (PROC). Then I look at the former WPCT (SUPP), Revolution Beauty (REVB) and Canadian Overseas Petroleum (COPL), now a great low risk short, as the price is capped by the death spiral in place. That cap can only move lower.
As I noted yesterday, the fraud Supply@ME Capital (SYME) is spoofing like there is no tomorrow to get its open offer away and to allow death spiral provider Venus to forward sell another tranche of shares. Supply is tunning on vapours. But there is a big question, the woke twits at the FCA seem unwilling to push on: how many millions of pounds has CEO Alessandro Zamboni made from covert and undisclosed share dumps? I have written to the FCA.
Having asked for readers tips for 2022 for the prize of 1/2 litre of Tom Winnifrith's Greek Hovel olive oil (2022 harvest) HERE, the following is the end-July monthly update on performance (to be eligible needed to have selected, on a once per username basis, a buy & sell pick from the LSE, AIM casino or Aquis lobster pot and the stocks not to have been suspended at the commencement of 2022).
I start with my troubles in travelling and also with a guest at the Greek Hovel changing all the locks. Suffice to say I am in a bad mood as I head back to Wales. Then it is onto Canadian Overseas Petroleum (COPL) where - goaded by a trolling and abusive shareholder - I remind you why the shares will be sub 10p by Christmas and could well then head rapidly towards zero. Then back to Zak Mir and Lift Ventures (LFT), where I serve up a scenario where the initial Miriad deal was illegal and the cover-up needs exposing, something Aquis Regulation could do at ease. Of course if the NEDS and adviser Optiva are smart and, if my theory is correct, they will resign and whistleblow now as IF the initial deal was illegal and that is now being covered up they do not want to be implicated if things get messy.
Short selling outfit Iceberg recently published a bear dossier on carpets roll-up play Victoria (VCP), which I reposted on this website HERE. Writing to you from Greece, I am not aware if the deadwood press is taking this matter onwards as what Iceberg wrote was very punchy indeed and I am sure that Victoria’s PR spinners will be using phrases involving the dreaded L word (lawyer) to any of the spineless 4th Estate hacks who ask questions.
I start with the wildlife diversity and will leave you in supense ahead of the drive back to Wrexham which starts in one hour. Then it is onto Zak Mir's sordid Lift Global Ventures (LFT), more Clem Chambers gimps getting the boot at ADVFN (AFN) and Bidstack (BIDS) where after today's piss poor interims, even Stevie Wonder can see that the writing is on the wall about the next bailout placing.
It is my last full day in Greece. I reflect on the holiday and on the olive harvest to come in December at the Greek Hovel and then my full and final thoughts on Big Sofa (BST).
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom article is Ariana Resources – Half-Year Production Report: Tavsan On The Way: BUY by Nigel Somerville at number eight or number 13 if you include Bearcasts.
I should declare that I am a shareholder in this company. I bought 1 share a few years ago so that I could attend its AGM to quiz the management on the catalogue of lies they had told to investors. Then covid struck. On a properly regulated market Advanced Oncotherapy (AVO) would have been given the order of the boot years ago, but this is AIM.
In three days time I start the drive back to Wrexham and I explain why Chris Gilbert of Fox Marble (FOX) sees nothing wrong happening there but much to the disappointment of many on the LSE Asylum I shall be taking an alternative route home. I flag up now that my output may be limited next Tuesday and Wednesday. I then cover Deepverge (DVRG), Revolution Beauty (REVB) and also in some detail Argo Blockchain (ARB). Then say a few words on Sharestock to which I hope you can book a ticket HERE.
BP (BP.) has announced second quarter and half-year results including a second quarter attributable profit of $9.26 billion and 10% increased dividend per share to $0.06006 and outlook confidence with ongoing supply disruptions in the industry and a relative lack of inventories.
I start with AMTD Digital, run by a man banned from operating in Hong Kong, whose US listed shares have zoomed ahead by 14,000% since its IPO a few weeks ago. It is now valued at more than Goldman Sachs. This is insanity writ large but it is risky betting against insanity. Then it is onto the stench of the Betahny Garner affair, Cellular Goods (CBX), Kanabo (KNB) and Oxford Cannabinoid (OCTP) where i discuss other clear signs that a bailout placing is being lined up. Then it is onto Online Blockchain (OBC) and the threat ADVFN (AFN) should be making against it. Finally I discuss La Willingham's Nightcap (NGHT), its trading statement and the cash crisis looming this Autumn.
I start with Kanabo (KNB), Oxford Cannibanoid (OTCP) and Cellular Goods (CBX). Who on earth would write them up as the three pot stocks to buy. They are all utter dogs facing looming cash crises. Meet Bethany Garner. I then discuss Victoria (VCP) after this bombshell. Then Gary's death wish, not as a Euroloon, but in considering buying Revolution Beauty (REVB). Then Ariana (AAU) and why its shares continue to drift. I start with news of a last minute cancellation here in Greece. If you fancy a last minute luxury break drop me an email. Anyhow it means a more leisurely drive back for me starting, I think, on Monday.
I shall post photos in the next day or so showing me climbing a rocky and overgrown hill to a castle in the burning midday sun with my daughter Jaya on my back. I did the same three years ago with Joshua but managed better today. There is still life in this old dog. Then onto GSK (GSK) and Haleon (HLN). I ditched my Haleon shares today and explain why. Then I look at Revolution Beauty (REVB), ProCook (PROC), the fraud Supply@ME Capital (SYME), Cellular Goods (CBX) and in detail at Purplebricks (PURP).
Headlam Group (HEAD) has announced a “pleasing” half year performance and that it “remains on track to meet market expectations for the year”.
I start with a defence of the privatised water companies on leakage but then discuss their debts and the debts of others, consumers and corporates and how they will cope over the coming year as base rates go from 1.25% to 3.25%. Then I look at La Willingham's Nightcap (NGHT) and what it is NOT saying as it opens another bar for posh a'hole Oxbridge rejects at Bristol University. Then onto Procook (PROC) and Wildcat Petroleum (WCAT).
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom article is Fun (or not) at easyJet, Unilever and Rolls-Royce by Chris Bailey at number three or number eight if you include Bearcasts.
GSK plc (GSK) has announced a “slightly better than expected” first-half performance, and the shares have responded up to 1755.8p.
I am today alone at the Greek Hovel, for reasons I explain. Walking up and down snake hill, I must have sweated off 15 lbs! In the podcast, I start with a look at Boohoo (BOO), ASOS (ASC) and the issue of earnings visibility, as business models are forced to change. On my return, I spoke to a whistleblower from a 2021 IPO roll-call-of-shame company; I relay some of the specific accusations made. I'm not sure when to name the company, and how I should play it. But I will do so when back in the UK. The said accusations compound a dire financial position, about which I have warned you numerous times.
The whisteblower tells truly salacious stories - I shall speak to them at length, later. I discuss FinnCap (FCAP), the fraud Supply@ME Capital (SYME), IQE (IQE), the chocolate teapots at the FCA, and MGC Pharmaceuticals (MXC). Gotcha!
After Fevertree’s (FEVR) recent profits warning, Lucian Miers says that he has closed his short. Not that he expects the shares to surge higher just that he sees greater opportunities out there for the teddies. I am not so sure.
I have no skin in this game, though I wouldn't wish to own shares in Flip Flop's Kavango Resources (KAV). However, as the two men go to war, it is time to grab some beer and popcorn and enjoy from the sidelines. Then, I look at Asimilar's (ASLR) cash crisis, and Red Rock Resources (RRR) where, despite Andrew Bell pulling his usual trick, I hang on. Finally, I take a detailed look at Ince Group (INCE), where I am now 90% vindicated, with the shares crashing to c. 5p. I await an apology from its PR man, who suggested that, at 52p just before Christmas, I was wrong to be such a bear. To watch my next hat eating, go HERE.
I have written to the FCA, which is the regulator - no sniggering at the back, please - of companies on the (sub) Standard List, like the fraud, Supply@ME Capital (SYME). A statement is now overdue, for clarification of whether or not its boss, Alessandro Zamboni, has covertly dumped shares.
I start with the business, the spoofs at shamed Union Jack Oil (UJO) and Hydrogen Utopia (HUI), where the Aquis DOM of the year is yanking your chain. Then, onto today's appalling trading statement from Parsley Box (MEAL). I run you through the implied maths, rather than its adjusted EBITDA and other fantasies, demonstrating why by this time next year, it will have gone bust. It is a zero, however much the bird in charge protests otherwise. Target price 0p by July 2023.
I start with the Tory leadership contest. Aren't they both awful? Then, I discuss chatting to a whistleblower. After that, it is onto Reach (RCH), Toople (TOOP ) - surely the FCA must act - Wickes (WIX), Made.com (MADE) and the fraud, Supply@ME Capital (SYME).
I start with the trials of ordering portable loos for ShareStock which I have now done. More than 40% of the seats are now taken so with 7 weeks to go please book yours HERE. Then onto how Barclays (BARC) may strand me in Greece and why the Mrs reckons I am wrong on how gay is your stockbroker. Then it is onto Skinbiotherapeutics (SBTX), Optibiotix (OPTI), Ben's Creek (BEN) and Advanced Oncotherapy (AVO).
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom article is Don’t panic GSK shareholders! Meanwhile Direct Line Insurance remains a recent comedy by Chris Bailey at number one or number six if you include Bearcasts.
OptiBiotix Health (OPTI) has announced an update on recent scientific and commercial activities, emphasising it is “increasing the range of products, applications, and territories creating the potential to open larger market opportunities”.
It is hard to imagine a more perfect storm than the one that now faces Cineworld (CINE). I know Lucian and I have been telling you to short it for some while, and you will be well in the money if you have followed that advice, with the shares now just 21p. But that is 21p too high, and so it is not to late to open a short or to add to your position.
I start with a few reflections about being alone on holiday for the first time in two weeks. It is a short respite, but blissful. Then, it is onto Julie Meyer and why she is so wrong about the economic prospects of her latest bolt hole, Greece. It is doomed. Then, onto delusion among shareholders in the fraud, Supply@ME Capital (SYME). And finally, why you should book your tickets for ShareStock, on the banks of the river Dee in Wales, on September 10 HERE
Gold ended the week at $1728 – up (at last!) from last week’s $1709. It may not be much, but bearing in mind what happened in between times, I wonder if this may be the start of a rebound. Gold has had few friends for weeks and even Tom Winnifrith, a Gold bull (if a bit less madly so than me) was expressing doubts. If even he is having doubts, have we reached capitulation and finally turned the corner?
Anyone who invests in a company run by serial value destroyer, Arthur Milholland, is asking for it. After deceiving investors ahead of its last placing, his latest vehicle for self enrichment, Canadian Overses Petroleum (COPL), has today served up a new debt structure, which is so utterly horrible it tells you just how badly Milholland and Canadian are perceived. I discuss this, the shambles at Mirriad (MIRI), Eden Research (EDEN) and at cash strapped Asimilar (ASLR).
Previously updating on the UK’s largest pawnbroker and a leading retailer of new and pre-owned jewellery and watches, H&T Group (HAT) we concluded that we continued to look for further news flow to drive a return to an above 350p share price. The shares have now reached further higher than that.
I am, after all, an expert on divorces and failed marriages. But this one failed even before the two made it to the altar, as Pires Investments (PIRI) shareholders rejected an all share merger with TERN (TERN). I salute them. I look at why this deal failed, the logic behind it for Tern (TERN), viz an escape, the logic for Pires - arguably the right strategy but the wrong target - and where both go from here. I make Pires an offer it should accept, if it is to consider any more M&A activity.
I refer to 5 year old Joshua and explain. Then it is onto Carnival (CCL), Guild ESports (GILD), MyHealthChecked (MHC), Red Rock Resources (RRR), Predator Oil & Gas (PRD), Parsley Box (MEAL) and S4 Capital (SFOR)
I end with a few thoughts onb your fires back in Blighty and the relative lack of fires here in Greece and what it says about the global warming scam some folks are pushing. Then dividends, ADVFN (AFN) and Royal Mail Group (RMG). Then Morses Club (MCL) and Optibiotix (OPTI). And I admit to being bored with gold. What does that tell you as I am a real gold bull?
In today's podcast I look at Audioboom (BOOM) where we bears are being well and truly vindicated. Then at the fraud Supply@ME Capital (SYME) and finally at Made.com (MADE) which I expect to go bust by Christmas.
In today's Bearcast I reflect on why it is important to report Eight Capital Partners (ECP) but, more importantly PKF Littlejohn, to the FRC as I have done today. I look at why I don't look at Direct Line Insurance (DLG), then consider Tortilla Mexican Grill (MEX) but in the same vein Fevertree (FEVR), Cineworld (CINE), Music Magpie (MMAG) and Parsley Box (MEAL). Then I look at Anglesey Mining (AYM) with a hisory lesson stretching back to 4000 BC and words of warning to suckers who may fancy a dabble. Then it is onto the disgrace that is Pineapple Power (PNPL) and all the rogues associated with this shocking promote.
Following my expose of the amateur and rule breaking accounts of Eight Capital Partners (ECP), the bastard little brother of the Supply@ME Capital (SYME) fraud, I have written to my good pals at the Financial Reporting Council asking for a formal investigation into Eight and its auditors PKF LittleJohn and audit partner Zahir Khaki. The letter is below:
The Mrs arrives in a few hours so I record early so that Joshua and I can tidy up the hovel and car in order to ensure a harmonius reunion. I am sure all men know how I feel when your other half has spent a few daysd away from home allowing you to make the sort of mess only men can make. In the week coming up I shall be chatting to Yair Tauman the new supreme ruler of ADVFN (AFN) about various matters but mainly about how the sewer that is the ADVFN Bulletin Board can be improved. I share my views with you, noting some recent extraordinary market abuse on the Optibiotix (OPTI) thread, but also invite you to post your views in the comments section below and, as long as they make sense, I shall relay them to Yair.
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom article is I think Kistos is taking the piss with its offer for Serica and expect shareholders to reject it by Gary Newman at number two or number five if you include Bearcasts.
Writing on OptiBiotix Health (OPTI) last month with the shares at 21p to buy, we noted clear news flow potential to spark the shares. We drank our own medicine with Tom Winnifrith buying more shares in the market at c22p. They are now further up at 37p on the back of a “Joint development agreement signed with Firmenich”-titled announcement.
I start with some advice from Greece on coping with the heatwave. Then it is Jennings versus Ironveld (IRON) and why - in this case - you really should back Jennings. Finally re Fevertree (FEVR) what do you make of the photo below? And why its dividend should be chopped. And why it is still a short whatever PL suggests.
Yes I fell for this scam sponsiored by the British and French Governments ands I mention this in the context of folks getting, wrongly, excited by news today from Novacyt (NCYT). Make no mistake: the covid testing bubble is over. I discuss Fevertree (FEVR) where I predict two more profits warnings - stay short. And then on the vicious attack on Richard Jennings by Ironveld (IRON). Jennings is a litigious fellow so may well be talking to his lawyer. I wouldn't bother myself but cant think that Ironveld's board is doing itself any favours with such antics.
Below, you can see two photos of the Greek Hovel, where I have now arrived. Gosh, it is wonderful here. I describe my trip, starting in Wrexham at 12:00 on Monday, and ending at 3 PM GMT today. There was a great deal of anxiety involved, including the most stressful half an hour i can remember at a toll booth near Aix. Then, there were the pretty young lesbians snuggled up on the sofa next to us, as we took the ferry from Bari. Then, it is onto IQE (IQE), MGC Pharmaceuticals (MXC) and Optibiotix (OPTI). Now for a swim; normal service resumes tomorrow.
Writing on OptiBiotix Health (OPTI) last month with the shares at 21p to buy, we noted potential for a move into meaningful profitability and further potential from 'second generation' products addressing much larger market opportunities. We drank our own medicine with Tom buying more shares at 22p. The shares are now further up at 31.5p on the back of a “Joint development agreement signed with Firmenich”-titled announcement.
I report to you from a Northern stronghold of Madame Le Pen, on the first day of our Greece road trip. I am up with the larks - Joshua is still snoring. I comment on life in Bethune, before looking at Pure Gold (PURE) and the justifiable indignation of Richard Jennings. Finally, I discuss Sosandar (SOS). Today's historic results may justify an extra gallon of breakfast Prosecco for one well known share blogger, but what about the future?
I passed my covid test, enjoyed a wonderful christening for Jaya (photos another day), and am off to Greece at Noon. God willing, I arrive at the hovel about midday on Thursday GMT. So, my output may be limited until then. Today, I discuss the read across from Cellular Goods (CBX), and why news from Hydrogen Utopia (HUI) reinforces what a monumental slam-dunk sell Powerhouse Energy (PHE) is.
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom article is Do I dump my EasyJet shares, after it screwed me so badly as a customer? by Chris Bailey at number five or number 11 if you include Bearcasts.
We're halfway through the year, and that gives us a little time to reflect back on the most-listened-to Bearcasts of this past six months.
I start with the weekend: a pointless covid test, Jaya's christening and a possible road trip to Greece. Then, I discuss Malcolm Stacey's Damascene Conversion to the bear cause, which makes me think that I should become a bull.
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.
I share a few thoughts with you - truths one cannot say in public - about the game last night. Notwithstanding that, I enjoyed the match, and the Northern Ireland girls held their heads up. Then, I discuss Canadian Overseas Petroleum (COPL), explaining my Christmas sub-10p target - the shares really will halve from here. I look at Shield Therapeutics (STX), MGC Pharmaceuticals (MXC), and Science in Sport (SIS) which, at every level, looks a stinker - even after today's 22% fall, the shares are grotesquely overvalued. I explain why. Finally, I describe why Malcolm should have learned from IQE (IQE) before continuing to tip Zoo Digital (ZOO) - as he has again done, today.
Essentra (ESNT) has announced what it emphasises is “a significant step” to a future as a global leading manufacturer and distributor of components with a clear strategy and significant opportunities to accelerate growth and expand market share. This is with an agreed sale of its Packaging business.
Ahead of my trip to Southampton, I discuss today's hilarious FinnCrap note on its client, Argo Blockchain (ARB) and Novacyt (NCYT), which is now worth less than net cash. I explain why. Then, it is onto Zoo Digital (ZOO): was the old codger, Malcolm Stacey, right to be so bullish? Er... no.
As a Scottish Catholic, Lucian Miers will support Norway this Thursday. I think this is unwise, as we are sitting amongst the Northern Ireland supporters. I'll have to explain to fellow members of the GAWA that Lucian is a Fenian, hence his sudden love-in with the land of Quisling. On shares, I look at Edenville Energy (EDL) and its new board member, Paul Ryan (remember him?). Then, I discuss Central Copper Resources, Cineworld (CINE), and Purplebricks (PURP), which, ceteris paribus, will go bust in a year.
Having asked for readers tips for 2022 for the prize of 1/2 litre of Tom Winnifrith's Greek Hovel olive oil (2022 harvest) HERE, the following is the (just after) six months update on performance (to be eligible needed to have selected, on a once per username basis, a buy & sell pick from the LSE, AIM casino or Aquis lobster pot and the stocks not to have been suspended at the commencement of 2022).
I start with two examples of BlowJo's utter stupidity. Then, I touch on how Big Corporate is rallying around Halifax, and its woke hectoring of customers. After that, onto Nanosynth (NNN) - where the share price target is now a fall of 80-100% - and Valereum (VLRM): expect a share price collapse within weeks.
I start with some explosions here at the Welsh Hovel, and how Bearcast listener, G, cannot assist. Talking of explosions, I comment on the IRA-loving cottage burners, as I attended a Welsh independence march with the kids, yesterday. In hindsight, I'd rather have attended the Pride March. Well, maybe not - it is a marginal call. Then, it is onto SPACs and the schoolboy error of Wildcat Petroleum (WCAT). Finally, AO World (AO), which looks utterly screwed.
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom article is How on earth did 4D find itself being placed into administration – the red flags that could help you avoid similar by Gary Newman at number four or number 10 if you include Bearcasts.
On 4 December 2020, shares in Russia PGM promote, Eurasia Mining (LSE:EUA), hit 40.55p. Morons across the interweb, spurred on by blatant market abuse, pondered what colours their Ferraris would be painted. Today, the shares are just 5p, after dire finals earlier this week. There are two questions Eurasia must answer:
I start with some reflections on the family and World War One. Then, it is onto Optibiotix (OPTI), and misguided suggestions that regime change is needed. Finally, I reflect on Evil Knievil's catchphrase, with reference to Cineworld (CINE) and, more especially, Shield Therapeutics (STX).
I apologise for ShareProphets's lack of Pride celebrations, unlike the big corporates. Next year. Or maybe not. Then, it is on to my argument with Steve O'Hara at Optibiotix (OPTI). I do not regret buying more shares, but I am, nevertheless, cross. I explain this, before looking at Dev Clever (DEV) and something very fishy indeed. After that, I discuss Ben's Creek (BEN), the Adam Wilson CV and why this will all end in tears. Finally, an IPO: Alteration Earth (ALTE), and why you should avoid it like the plague.
In today's podcast, I look at Optibiotix (OPTI) - where I bought more shares; Kefi Gold & Copper (Kefi); Guild ESports (GILD) - is it breaking up with David Beckham?; Nanosynth (NNN); the shysters at Verditek (VDTK)l and Shield Therapeutics (STX). It is definitely ouzo, or rather an elderflower champagne, for supper tonight.
In today's podcast, I look at Eurasia Mining (EUA); Powerhouse Energy (PHE); Shield Therapeutics (STX); Simec Atlantic (SAE); Ben's Creek (BEN) and John Story of Chill Brands (CHLL); and Cellular Goods (CBX) infamy.
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.
I'm not suggesting anything inappropriate - just making an analogy, as I discuss Zephyr Energy (ZPHR). Then, I touch on Optibiotix (OPTI), and a chat with Steve O'Hara. If you'd like to spend a day with Steve over all day drink and home-produced Welsh food, you can of course do so, HERE. I am pleased to say that almost a third of the seats are already booked out. After that, it is onto Oxford Biodynamics (OBD) and Shield Therapeutics (STX) - will its placing be at 5p, or not at all?. Then, Pennon (PNN), sewage and Feargal Sharkey. Finally, Abingdon Diagnostics (ABDX), where good news has seen the shares rocket. However, that only postpones the next bailout placing (or death) until Adven
Once again, I explain why Gary is wrong on that interview: unless you've been CEO of a challenged PLC - I have - you don't appreciate the bind 4d Pharma (DDDD)'s board was in. Then the expose, another financing blunder, an offer rejected and why that decision caused investors to lose everything.
The Mrs was nextdoor, so I had to be upfront with you and list the sort of things I normally say but could not do today. Then, it is onto Kefi Copper & Gold (KEFI), and some comments about its behaviour today; Caspian Sunrise (CASP); Verditek (VDTK); Petropavlovsk (POG) - looking like a bang-on zero; and Wildcat Petroleum (WCAT), which is not much better.
Hindsight is often of little use on the markets and consists of people kicking themselves about something which seems obvious after the event, usually a missed trade, but occasionally it can also be used to avoid making the same mistake again.
I start with the garden, before explaining why I am driving all the way to Greece - my rational decision is a canary in the coal mine of global inflation. I defend Neil Woodford against a low-grade Sunday Times journalist, with reference to 4D Pharma (DDDD). Then, I look at bonkers house prices and when the tears will start.
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom article is Naked Wines shareholders will probably need a drink! by Chris Bailey at number six or number 13 if you include Bearcasts.
Structural steel company, Severfield (SFR), has announced results for the year ended 26th March 2022. Its growth strategy, the company claims, is delivering a record order book, with a broad diversity of sectors, geographies and clients, providing good earnings visibility through 2023 and beyond.
I start with a logistics issue, which may see Matthew and his dog suffer cold turkey on bearcasts for 3 or 4 days over the summer. I am working on it. Then, to 4D Pharma (DDDD), where young Gary is wrong in condemning the company; Lamprell (LAM); and Deepverge (DVRG), where I make reference to the earlier podcast special.
B.P. Marsh & Partners (BPM), the specialist investor in early stage financial services businesses, has announced results for its year ended 31st January 2022, emphasising its growth trajectory despite the current “headwinds for all businesses”.
Last year, AIM sewer poster boy, Deepverge (DVRG), did a placing at 30p. It had misled investors on trading, and its ghastly CEO, Gerry "the arse" Brandon, slated me as not understanding investment. Today, the shares are 10.5p, after awful finals in which, as I explain in this bonus podcast, the company again - by omission rather than act - materially misleads investors. If you own this stock, lube up; there is more pain coming your way.
But instead, I left a birthday party to record this. Such dedication. I start on why Nigel's Barkby (BARK) piece was wrong. Then, I look at Shield Therapeutics (STX), Kefi Gold & Copper (KEFI), Naked Wine (WINE), Nostra Terra Oil & Gas (NTOG) and Trainline (TRN).
It is all panic here at the Welsh Hovel, as our first Sykes Cottages guests arrive in the annexe. Next week, our first paying guest arrives at the Greek Hovel - which you can rent HERE, although it is pretty much booked out until September. I start with B, and why you need multiple accounts to short; his triumph is on Verditek (VDTK). I then cover Dev Clever (DEV), Tirupati Graphite (TGR), Audioboom (BOOM), Corcel (CRCL) and Argo Blockchain (ARB).
He might come home with a raft of certificates for "Welsh speaker of the week", or other such academic achievements, but Joshua is no great sportsman. Yet this afternoon, it is the school sports day, and the whole family is off to watch him. Discussing what lies ahead with him as we walked to school this morning, filled me with pride. In the main podcast, I look at Forward Partners (FWD) - another disastrous 2021 IPO; Petropavlovsk (POG), as it races to zero; Genflow Biosciences (GENF); MGC Pharmaceuticals (MXC) - placing ahoy; and Verditek (VDTK), where things could get very messy within days. Ref MXC, I discuss two historic examples of biotech's presenting data - on AIDS "cures", and its spoof ramp last week.
I have received a number of comments about yesterday's Bearcast. I address some of those cultists, speaking out from the last redoubt. Then, prompted by Three Brains, I look at what a PE of 5 means as a guide to value, and why it can so often mean nothing at all.
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom article is Ariana Resources – News Soon To Add Value? You bet! BUY by Nigel Somerville at number six or number 12 if you include Bearcasts.
Ahead of that, I describe triumph in the garden. Then, I discuss the accelerating Bitcoin crash, Argo Blockchain (ARB) and Cineworld (CINE).
I start with why I was up until 2 AM last night, as discussed HERE. Then, it is on to the fraud, Supply@ME Capital (SYME); M & C Saatchi (SAA); Next Fifteen (NFC); and finally, that golden rule and Westminster Group (WSG).
I describe Thursday morning for me and Jaya, including a stop-in with my parents-in-law. This is relevant, as I discuss what my mother-in-law was watching on TV. I look at the house price bubble, the Bank of England, and interest rates. Then, I touch on THG (THG); ASOS (ASC); Sosandar (SOS); Zephyr Energy (ZPHR) - get your wallet out, Cliff; Wildcat Petroleum (WCAT); Kinovo (KINO); and Boohoo (BOO). I also discuss the notion that MusicMagpie (MMAG) has a list of "spiffing institutional inveestors", and that this will save the company. It won't.
I mix metaphors, after a hard session watering the lawn for ShareStock. Thereafter, I discuss: Canadian Overseas Petroleum (COPL); Wandisco (WAND) and a wasted decade; Argo Blockchain (ARB) and why Mark, who is right about most things, is wrong; Vast Resources (VAST); Tertiary Minerals (TYM); Guild ESports (GILD); and Wildcat Petroleum (WCAT).
Argo Blockchain (ARB) is a company that I wrote about several times a couple of years back, but more recently have left to Tom Winnifrith to write about the numerous red flags that he has spotted there.
In today's podcast, I discuss SUPP (Formerly WPCT), Argo Blockchain (ARB), Cinworld (CINE) and the Vela (VELA)/Truspine (TSP) farce.
I am more panicked by the IRA man objecting to my bonfire. Heck, it is not as if it were the 12th July, and I were wearing my bowler hat with an orange sash, is it? In today's podcast, I look at Skinbiotherapeutics (SBTX); Eurasia (EUA) and a Kraut moron; Supply@ME Capital (SYME); and Argo Blockchain (ARB).
AIM-listed Advanced Oncotherapy (AVO) is certainly keeping its Brokers – SI Capital and Allenby – busy. Only in April the company raised £1.7 million, although the funds weren’t in the bank when the announcement went out. In March the company rattled the tin for £2 million – plus an additional loan of another £1.5 million. Now it has rattled the tin once again – to raise just £800,000 (before expenses) as the company strains to keep its head above water.
AEX Gold (AEXG) has announced a new joint venture - in which it will have a 51% holding - for its 'strategic minerals' assets, which will see an £18 million (circa Canadian $28.5 million) cash injection. This leaves AEX's gold 100%-owned, and just refers to non-gold assets that most folks - ourselves included - had valued at SFA. Suddenly, they are worth £18-28 million. Game changer?
I have just arrived in Wales with my battered diesel van. Bed beckons, as I am still cream-crackered following yesterday's walk. The photos below are from two towns along the route, and show the likes of me and Lucian are greeted with the respect we deserve in that part of the world. I discuss Brian Basham's 26-mile cheat, but still, he is amazing. We have now raised £29,000 with gift aid, and that should rise this week. Feel free to donate, HERE. I discuss the big macro lesson from the walk, referencing Kinovo (KINO); St James Place (STJ), and the troubles one has in a bear market; and Hargreaves Lansdown (HL). Now to bed.
On February 18, I generated industrial-scale abuse (of me) from anonymous internet warriors. All I did was suggest Shield Therapeutics (STX) as a slam-dunk short, at 25.5p. The savants insisted, as is usually the case in such circumstances, that I didn’t understand the maths, and should go back to working in a pizza store, etc, etc, etc. The shares are now just 14.6p, and the final collapse is almost upon us. Add to your shorts. Let me explain.
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom article is Following its joint venture with Anglo American, Arc Minerals has the potential to reach production – speculative buy by Gary Newman at number one or number 4 if you include Bearcasts.
In today's podcast, I discuss Argo Blockchain (ARB) and why, later today, I shall be wading through 34 miles of nettles. If you can, please donate to Rogue Bloggers for Woodlarks, HERE.
Yes, I will be wading through nettles, but all for a good cause. To those who have donated, many thanks. With gift aid, as I record, we have now raised £25,600. If you are yet to donate, please help us reach £30,000, by giving a few quid HERE. Talking of nettles, I describe various home-grown triumphs, here at the Welsh Hovel: next week, I hope to make some nettle beer, as well as more elderflower cordial - what do you think? In the main podcast, I discuss discretionary consumer spending; Parsley Box (MEAL); ProCook (PROC); Altyn Gold (ALTN); Optibiotix (OPTI) and a chat with Steve O'Hara, who, of course, you can meet HERE; and AEX Gold (AEXG).
The big institutions all barreled in to ProCook (PROC), since they knew better than Old Tom Winnifrith, despite his explicit warnings why this would end in tears. So, too, did Primary Bid, which was a keen supporter - as was our own Malcolm Stacey. What was he thinking? But, just seven months after the IPO comes a disastrous profits warning, and the shares have collapsed. While Malcolm drowns his sorrows with an extra pint of Old Mother' Green's organic ale, it is ouzo time at the Welsh Hovel. But do the founding O’Neill family, who flogged tens of millions worth of shares to dumb IIs, really care?
Jadestone Energy (JSE) has announced results for the 2021 calendar year and that it still expects 2022 average production to increase to 15,500-18,500 boe/d. So what of a share price slipping to 101p in response?
It is just two days until Rogue Bloggers, and we have raised more than £20,000 (with gift aid). Let's try and reach £25,000. I discuss rain, nettles and the inevitable pain on Saturday. Please donate, HERE. Then, the twit of the day contest: Boris v Harry of Kefi (KEFI) v Mark Steward, who has disgraced himself on Genflow (GENF). I then discuss Nostra Terra (NTOG) (praise be the lord), with a target price of 0p; the fraud, Supply@ME Capital (SYME); another Steward screw-up; and ITM Power (ITM).
Lucian Miers wrote here a couple of weeks ago about Fevertree (FEVR) where he remains short. There may be some people laughing at him as the fizzy drinks group fairly promptly served up a trading statement suggesting that it was on track to meet forecasts. But that is looking in the rear-view mirror. What is important is what happens going forward.
Given it is hammering down here in North Wales, I bet Mr Mellon is somewhere far sunnier than Port Erin. The graphic below is from him, and I discuss it in detail. Then, I look at those determined to ignore clear warnings, ref Petropavlovsk (POG). I cover incomplete and thus, potentially deceptive, RNS statements ref. Nostra Terra Oil & Gas (NTOG), before assessing Fulham Shore (FUL) in detail. With gift aid, we have now raised £19,700 for Rogue Bloggers for Woodlarks - please help us reach the £20,000 landmark today (D-3 days), HERE. Finally, my podcast on falling out with Dominic Frisby, 1939 and all that can be accessed, HERE.
On 18 February, at 25.5p to sell, the big bear call was greeted with abuse from BB savants, who, unsurprisingly, always know better. Shares in Shield (STX) are now 14.6p, and the final collapse to c. 5p is now set to begin. Double up on your shorts. In this podcast, I discuss Argo Blockchain (ARB); Nostra Terra Oil & Gas (NTOG) and its unsavoury CEO, Matt Lofgran - praise be the Lord; then, I look at Genflow Biosciences (GENF), as its shares continue to tank; Challenger Energy (CHAL); Eurasia Mining (EUA); and Petropavlovsk (POG), where the target remains 0p. Finally, I remind you that Rogue Bloggers for Woodlarks is just 4 days away, and we are at 34% of the target. If among the 92% of listeners yet to donate, do give a fiver (or a tenner), HERE.
It is just five days to Rogue Bloggers for Woodlarks and we are at just under 33% of our target so can the 93% of listeners yet to donate please do so HERE. In today's podcast I cover the quarter of a billion quid blown, largely by Neil Woodford, at Rutherford (RUTH) and how that made Woodford,personally, even richer. I name and shame a couple of those who enabled that scam. I look at Wildcat Petroleum (WCAT), Guild ESports (GILD) and Cellular Goods (CBX) and the piss poor Times' idea of breaking news, I mention Optibiotix (OPTI),look at Eve (EVE) which seems to be a zero to me, at spineless and busted Cineworld (CINE) and in detail at ADVFN (AFN) and its woes.
How many times have I written to AIM Regulation about Eurasia Mining (EUA)? Here we go again...
Rutherford Health (RUTH), the former Proton Partners which listed at what was always a joke price on the Aquis (then NEX) lobster-pot, backed by a Woodford promise which cost his investors another £80 million, has finally admitted the game is up. It is to be liquidated. That’s around £240 million down the drain. This is a crime and you know who the main criminal is.
Today we are donating £2500 to Rogue Bloggers for Woodlarks. I don't ask you to follow suit but if you are among the 93% of listeners yet to donate to this cause with just 6 days to the event how about giving a fiver here? Then onto Genflow (GENF) in light of the Hindenburg dossier HERE. Then after observations from Chris Bailey earlier on Barratt (BDEV) I look at house prices and house builders.
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom article is Stuff going on at FTSE 100 giants Unilever and Glaxo! by Chris Bailey at a number four or number 8 if you include Bearcasts.
I discuss Manchester vs Geneva airport and why you should not believe everything you read in the Daily Mail. In a week's time I will be, I hope, three quarters of the way through Rogue Bloggers for Woodlarks. If you are among the 93%of listeners yet to donate please do so HERE. Then I look at Neil Woodford and Harcus Parker finally filing its claim against ACD Link. Finally it is Versarien (VRS)
Having asked for readers tips for 2022 for the prize of 1/2 litre of Tom Winnifrith's Greek Hovel olive oil (2022 harvest) HERE, the following is the (just after) five months update on performance (to be eligible needed to have selected, on a once per username basis, a buy & sell pick from the LSE, AIM casino or Aquis lobster pot and the stocks not to have been suspended at the commencement of 2022)...
AEX Gold (AEXG) has announced first-quarter results, emphasising that its strategy remains to bring the Nalunaq gold project back into production, and use it as a platform for strategic mineral assets in Greenland.
Recovering from several lectures on the evils of Brexit, I send you greetings from Frogland this Bank Holiday Thursday. In today's podcast, I look again at the Tern (TERN) - Pires (PIRI) merger. I then discuss three slam-dunk zeros: Kinovo (KINO) - whose shares should be suspended with immediate effect - Versarien (VRS) and Nanosynth (NNN), where the new CEO, Mark Duffin, is a complete clown. If he does a deal in snails, as he suggests, I am a Dutchman.
I discuss last night's hell in Frogland. Then, I raise two new red flags at the Supply@ME Capital (SYME) fraud, before looking at Tern (TERN), and Parsley Box (MEAL) as it heads to zero.
AIM-listed jam-tomorrow IoT investment company Tern plc (TERN) has announced a recommended all-share deal to take over AM-listed Pires Investments (PIRI). The fanfare numbers are that Pires investors are getting a 54% premium to the previous closing price, with Tern’s shares priced at 15.5p, but that seems to me to be a spoof. One wonders why Pires' board took the deal…..
I discuss both these corporates, and remind the 94% of you yet to support Rogue Bloggers for Woodlarks: please do so, HERE. Then, I discuss Stuart Ashman of Skinbiotherapitics (SBTX), who has made me look like a complete git (again), as he withdraws from ShareStock. But, I will announce another BIG-name speaker tomorrow, and will replace Stuart. So, make sure you book your tickets, HERE. Then, I look at Cellular Goods (CBX) and Guild ESports (GILD), the David Beckham dogs.
I start with my weekend at the Christian retreat. Who would have thought that I'd be spending a Saturday night alcohol-free, sitting around a campfire as folks strummed guitars and sang to Jesus? I reflect on that, and, on the subject of weekend suffering, urge those of you yet to donate: please do so, HERE. Then, I discuss September 10, when I hope you will join me at the Welsh Hovel for an all-day bar, great local food and a day of expert talks. Yes, it is time to book into Sharestock! HERE!
The quest began on Monday, hence Malcolm's absence in Sicily. He was promised an early start on Wednesday, but a day of disappointment followed. On Thursday, he was taken to a tree. So, how did this all conclude? His diarist explains...
These are the most-read articles and most listened-to Bearcasts of the week. The actual most-read non Tom article is by me, last week’s pub quiz. The most read non-Tom, non-quiz article is Busy Thursday – BT Group, Johnson Matthey and Auto Trader by Chris Bailey at a non-leaderboard Number 17 or Number 23 if you include Bearcasts.
Jubilee Metals (JLP) has announced two new appointments: Manuel Lino Silva de Sousa (Ollie) Oliveira as Chairman, and Berenberg as joint corporate broker. That is good news for institutional interest, with the market cap now £390 million, at a 14.85p share price.
My continued advice to keep well away from fully-listed Esken (ESKN) – the former Stobart Group (STOB) seems to have been well placed. Quite apart from the serial Red-Flags-At-Night announcements, there is the small matter of the share price continuing to collapse. A year ago the shares were 32.9p and I said sell; last August they had fallen to 15p and I said keep well away. Now they are just 8.77p and there are a few Red Flags in the FY22 results (to February) to suggest that there is still further to fall.
I explain my anger, and why the weekend ahead will be sheer torture. Think of my suffering and donate to Rogue Bloggers, HERE. Then, put 10 September in your diary, and keep it free. More on that next week, when I shall be in Frogland with Joshua and Olaf. In today's podcast, I cover Versarien (VRS), Audioboom (BOOM) and Advance Energy (ADV). ).
Yesterday, I revealed how, as CEO of Elephant Oil, Matt Lofgran had handed out 30% of its equity, gratis - most notably to a convicted pump-and-dump operator, currently facing 85 years in jail. Lofgran would happily sup with the devil, so as to get away an IPO, which would have netted him an immediate $500,000 and a 100% pay rise. I have thus written to the Oxymorons at AIM Regulation.
The quest began on Monday, hence Malcolm's absence in Sicily. He was promised an early start for Wednesday, but a day of disappointment followed. Perhaps, Thursday was more productive. His diarist explains...
First of all, I ask the 94% of you yet to donate to Rogue Bloggers for Woodlarks: please do so HERE, so we can surge past 25% of target (without gift aid) tonight. Go on. Then, I look at Jubilee Metals (JLP); Restaurant Group (RTN); Purplebricks (PURP); Vast Resources (VAST); BT (BT.A); the windfall oil tax; and why the Tories have utterly lost the plot. Then, at Genflow (GENF), Nostra Terra (NTOG) and the massive scandal I exposed today, HERE & HERE.
Floorcoverings distributor group Headlam (HEAD) has issued an AGM trading update including that it “continues to be comfortable with profit expectations for the year”. So what of a current 338p share price?
Miner in Azerbaijan, Anglo Asian Mining (AAZ) states that it “is pleased to announce its final audited results for the year ended 31 December 2021”. However, the shares are down to 85p to buy in response.
I'm sorry, but I have a reputation to protect. This is all to do with an excellent cause, which 94% of you are yet to support. Please do so, HERE. I then discuss Bluebird Merchant Ventures (BMV); Amigo (AMGO); Versarien (VRS); THG (THG); Morses Club (MCL); and Argo Blockchain (SPOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOF).
The quest began yesterday, hence Malcolm's absence in Sicily. Now, events move on, as his diarist explains...
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.
In today's podcast, I discuss Asimilar (ASLR); Dev Clever (DEV); Simec Atlantic (SAE); Powerhouse Energy (PHE); Amigo (AMGO); and Vast Resources (VAST). It goes without saying, but I say so anyway: if you are among the 95%, PLEASE COUGH UP NOW, HERE.
I am off on my annual search for the magic money tree, which, if found, (it definitely exists) will solve all the world’s problems. Just harvest the tree, and Government debt will disappear. Then harvest it again, and the government can give more money to help deal with inflation. It is so simple. I simply cannot see why Uncle Tom, and other wicked Tories, disagree.
I start with the usual. 94.5% of you are yet to donate, despite the cows, nettles and thorn bush of the weekend. Go on, just a tenner for Rogue Bloggers for Woodlarks; you know it makes sense. Please donate, HERE. In today's podcast, I discuss Vin Murria and M&C Saatchi (SAA); the scoundrels at Ince (INCE) and Deepverge (DVRG); Vast Resources (VAST); Audioboom (BOOM); and finally, Tortilla Mexican Grill (MEX), as it buys Chilango. This looks all wrong - another member of the 2021 IPO hall of shame?
I start with the cows, my red face and pain. Read all about it HERE and then urge you to leave the 95% and make a donation to Rogue Bloggers for Woodlarks HERE. Then I discuss Hargreaves Lansdown (HL.), Neil Woodford and whining underperforming fund manager Nick Train of Lindsell Train
These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom article is How is Rolls-Royce getting on? by Chris Bailey at a non-leaderboard Number 12 or Number 18 if you include Bearcasts.