Keyword results: Zeus Capital

PREMIUM CONTENT

Devolver Digital – after more than £154m for sellers little more than seven months ago, ANOTHER AIM IPO Roll-Call of Shame...

On 4th November last year ‘digital publisher and developer of indie video games’ Devolver Digital (DEVO) was “pleased to announce the admission of its shares to trading on the AIM market”, with Executive Chairman Harry Miller “excited about what the future holds”. Now a “Trading Update”...

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Accrol – I having warned in May re. inflation impact, a profit warning...

In May I concluded with shares in “the UK’s leading independent tissue converter” Accrol (ACRL) lower at 54p to avoid as inflationary pressures could persist for some time given the wide pandemic response. The shares last closed at 44.95p and are currently below 40p on the back of a trading update…

Fintel – interims, organic growth and acquisition value creation from here?

Formerly SimplyBiz Group, provider of technology and support services to the UK Retail Financial Services sector Fintel (FNTL) has announced results for the first half of 2021 and emphasised “significant financial resources to match our ambitions for the business, both in terms of accelerating organic growth and creating value through acquisitions”. What of the valuation, with the shares little changed at around 235p?…

SFE
SFE

Safestyle UK – ‘ahead of expectations’…but for how long?...

Previously writing on windows and doors manufacturer and retailer Safestyle UK (SFE), in May with the shares at 62p I concluded risks saw the attempted recovery only on the watchlist. Today an update including that it now “expects 2021’s full year financial performance to be ahead of current market expectations”…but the shares currently at 57p?…

ALT
ALT

Altitude Group – argues “innovative and transformational growth plans”, but CFO just the latest “change”...

Previously writing on self-styled “operator of a leading marketplace for the global promotional products industry” Altitude Group (ALT), in April with the shares at 44p I concluded the valuation and track-record saw me continue to avoid. The shares closed previously at 38.5p and are currently further lower on a “Directorate Change” announcement…

Strix – “anticipate delivering revenue growth of circa 30%“ as impressive as it sounds?

An AGM statement from water temperature management components group Strix (KETL) emphasises that “we anticipate delivering revenue growth of circa 30% for the group during 2021 which also underpins our confidence in achieving our medium-term target to double the group’s revenues over the next five years”. What though does that mean financially and how’s current performance?…

SFE
SFE

Safestyle UK – “in line with recently increased market expectations”… but what does that mean?

Self-styled “the leading UK focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market”, Safestyle UK (SFE) is “pleased to report… trading and financial performance has continued in line with recently increased market expectations”, including “order book remains at levels similar to 2021’s strong opening position which continues to provide good visibility of near-term revenues”. Sounds encouraging, but what are the specifics?…

GYG
GYG

GYG – updates, “market leading proposition and proven resilience”?

Announcements of “Two Refit Contracts Signed with MB92 Group” and ‘results, report & AGM notice’ from yacht painting, supply and maintenance company GYG plc (GYG) today – and the shares currently around 80p in response, up more than 15%...

Is Malcolm Stacey Edith Piaf? Avacta £45m fund raise at 120p, including Primary Bid

A week ago, Malcolm Stacey could have sold his shares in Avacta (AVCT) at more than 200p each. In fact I think the old trading genius might just have done that. Then the company started “sounding out” investors about a fund raise and, not that anyone in London ever breaks insider dealing laws so this is a total coincidence, the shares started tumbling fast. As I write they are off by 5p at 132-5p as it has announced am up to £45 million fund raise at 120p. I don’t blame it.

GAH
GAH
PREMIUM CONTENT

Gable Insurance Holdings Inc – the £120 million black hole revealed: we did warn, who ignored us?

Between June and December 2016, I commented extensively in a series of article on the greed of William Dewsall, the CEO of Gable Insurance Holdings Inc, who extracted over £15 million in cash from the Group and its dire prospects, which to remind readers ended up being worthless when its insurance subsidiary company was placed into administration on 17 November 2016. Natch Nomad and broker Zeus and the oxymorons at AIM Regulation did nothing until it was too late.

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ESC
ESC

Escape Hunt – “pleased to announce” results… & broker appointment. I wonder why?...

‘Escape rooms’ operator Escape Hunt (ESC) “is pleased to announce” results and a broker appointment. The shares are currently at 7.5p, more than 6% lower in response...

Strix – “Statement Regarding Current Situation in China”… how reassuring?

“Statement Regarding Current Situation in China” from domestic appliances, primarily kettles, safety controls group Strix (KETL) – and the shares have currently responded to 190p, 10.5% higher…

Accrol – “despite… operational improvements and sales price increases”…

In November 2017, I noted on Accrol (ACRL) bailout fundraising… at half of IPO price of only 17 months ago!. That was at 50p per share – but there was still much worse to follow. The shares had recovered from lows to a recent more than 20p – but that was before today a “Trading Update”

PREMIUM CONTENT

Purplebricks – half-year trading update, sensible yet again to be doing the opposite of Woodford

A trading update for its half-year ended 31st October 2018 from Purplebricks (PURP) is noticeable for what it fails to say not for what it actually says...

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GYG
GYG
PREMIUM CONTENT

GYG – the Woodford reverse Midas touch strikes again: banks must be shitting themselves

Oh dear. When Neil Woodford spunked £8 million of other folks cash into the July 2017 100p a pop AIM casino IPO of yacht refitting company GYG (GYG) he thought this would be plain sailing. Oh no. Au contraire. The reverse Midas touch has struck Britain’s most arrogant fund mis-manager withy the second (lack of) profits warning in two months. Now I suggest the banks must be shitting themselves, the shares are 42.5p, sinking like the Titanic, as friendless as the Marie Celeste, and things are only going to get worse.

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GYG
GYG

GYG – from confidence “can deliver continued growth” on AIM IPO to trading “significantly weaker than expected” just a year later!

On 5th July 2017 it was “GYG, a market leading superyacht painting, supply and maintenance company, is pleased to announce the commencement… of dealings of its ordinary shares on AIM… Placing price 100p, gross proceeds of the placing £6.9 million… Zeus Capital is acting as the company's nominated adviser and broker”. Now a trading update commencing “trading has been significantly weaker than expected”. Uh oh…

Accrol – open offer update, how’s the “platform for the group to execute its strategy”?

Tissue products manufacturing group Accrol (ACRL) has updated that it received valid applications of 287.64% of the new shares available under an open offer to raise up to £1.935 million at 15p per share. That compares with a 22.5p prior close, but also more than 130p as recently as October 2017, so where now?...

SFE
SFE

Safestyle UK – “Discharge of Loan and Security” revelations a disgrace, but will anything be done?

Previously writing on Safestyle UK (SFE), it was “pleased” with interim legal outcome… but clear challenges remain - this with interim court orders “preventing Safeglaze UK and certain named individuals from undertaking various actions, and an order requiring them to provide specified documents to Safestyle”, though I noting this all follows ANOTHER profit warning last month – which noted “intensified” new competitor (i.e. Safeglaze) activities, with also market and operational challenges. Now an announcement entitled “Discharge of Loan and Security”

Accrol – after 2016 IPO at 100p & 2017 bailout placing at 50p, what now?

In June 2016 tissue products manufacturer Accrol (ACRL) listed on AIM, raising £63.5 million at 100p per share. Just seventeen months later it was bailout fundraising at half of the IPO price but still recently “revised banking arrangements” have been necessary and now at 3:08pm on 15th May 2018…

DX
DX

DX Group – update from another high-yield AIM IPO disaster from Zeus Capital

Having commented on the further “AIM IPO shame (thanks AGAIN Zeus Capital!)” from Accrol Group (ACRL) earlier, I note also an announcement today from DX Group (DX.) – shares down from a 2014 100p per share AIM IPO to a current sub 7.5p. Nomad and broker on the listing?...

SFE
SFE

Safestyle UK – hopefully prior warnings heeded as it’s “materially below” expectations again

Around eleven months ago, it was suggested to bank profits in windows and doors retailer and manufacturer Safestyle UK (SFE) with the shares around 300p. I then noted my wariness of the valuation in relation to prospective earnings much enhanced at around 290p HERE and further cautioned at 225p HERE, 170p HERE and 164p HERE. The shares closed yesterday at 152p and today a further Trading Update

Accrol – I having previously noted management flux, it’s again “Board Changes”

Writing on Accrol Group (ACRL) previously last month, business and management flux saw me remain sceptical. Now a Board Changes announcement…

Accrol – bailout fundraising… at half of IPO price of only 17 months ago!

With it shares having been suspended in early October “pending clarification of its financial circumstances”, today a “Proposed Placing of £18m and Lifting of Suspension” announcement from Accrol Group (ACRL). Good news then? Well…

Accrol – updates on Health & Safety hearing, still a tale of AIM IPO shame

Having only been “pleased to announce” it had IPO’d on AIM in June last year, last week saw Accrol Group (ACRL) shares suspended whilst the board considered the anticipated impact on its net debt situation of a now expected “significantly below” expectations earnings performance. This was with “challenging trading conditions” and as it had “recently been advised that a Health and Safety incident, which occurred prior to the company's AIM IPO, may now result in a more significant fine being imposed by the Health and Safety Executive than was previously anticipated”. There is now an “Update on Health and Safety incident” announcement…

DX
DX

DX Group – bailout fundraising & new management ahoy

Towards the end of last month I noted on DX Group (DX.) forget the planned investment, the repayment of HSBC clearly means it has been, and remains, a scramble to prevent cash crunch ahoy. There’s now a “£24m Fundraising, CEO Appointment & Board Changes” announcement…

Epwin – a half-year results further profit warning

Epwin Group (EPWN) has announced results for the first half of 2017 emphasising as a first highlight “sound performance in challenging market conditions”. The shares have responded, er, currently approaching 4% lower to circa 70p…

Cambria Automobiles – trading “in line”, but can that be continued?

I previously wrote on UK automobiles company Cambria (CAMB) in January as the shares slipped below 60p on the back of an AGM trading update. They subsequently recovered to 75p+, but have fallen back in recent months – and are now again sub 60p on the back of a trading update announcement…

Entu – now do the morons believe us? “Proposals… attribute no value to the equity”, shares suspended

Despite having stated early this month “all of the proposals received attribute little value to the equity in the company”the daft egged on by the mendacious led shares in Entu (ENTU) to recently bounce. This was also despite numerous warnings HERE. Now it’s “Suspension of Trading on AIM”

VTU
VTU

Vertu Motors – with expects trading “in line”, why’s the recent share slide continuing?

Having already declined from approaching 50p earlier this month, shares in Vertu Motors (VTU) are currently slightly further lower, at 43p, despite an “AGM Statement” announcement including that “at this stage, the board expects the group's trading performance for the year ending 28 February 2018 to be in line with market expectations”

DX
DX

DX Group – from trading despair to planning, er, despair…

Having noted previously justified caution on parcels, mail and logistics group DX (DX.), the shares had edged up to 9.5p before a “Re: Proposed West Midlands Hub” announcement last week…

UPDATED: Reader Poll: which Nomad is so morally bankrupt/financially desperate it will act for the Cloudtag fraud? - its Not Allenby

Cloudtag (CTAG) the fraudulent AIM Company which has repeatedly raised money by telling lies to investors says that with Cairn Financial no longer prepared to sign off on its lies it is in advanced discussions about finding a replacement to avoid its shares being suspended on April 10. Really? Who do you think is so morally or financially bankrupt that they will sign off on lies for a fraudster. I am now starting a poll, if any of the Nomads's below want to deny that they are morally bankrupt and will not take on this work I will update the article. Vote now, deadline midnight Sunday 26 February. Update 1. It is not Allenby.

Entu – trading update states ‘in line’, so why are the shares approaching 9% lower?

“Trading Update” announcement from Entu (ENTU) opens with that adjusted EBITDA “is expected to be within the range previously announced” and that exceptional costs relating to planned cost-saving processes are also expected to be “in line with management's previous expectations”. So why are the shares currently approaching 9% lower, towards 23p?...

DX
DX

DX Group – another profit warning, from 100p IPO to sub 10p in less than 3 years…

I previously cautioned on parcels, mail and logistics group DX (DX.) with the shares at 30p HERE and 16p HERE. Hopefully the warnings were heeded as a “Trading update” announcement currently sees the shares 60% lower, heading towards 7p…

Cambria Automobiles – review as shares down on “in line” AGM trading update

Despite being “pleased to announce” an AGM trading update, shares in UK automobiles company Cambria (CAMB) are currently a couple of percent lower, below 60p, on the back of it…

Bearcast

Tom Winnifrith Christmas day Bearcast - the U to Z of AIM fraud

Happy Christmas One and all. This podcast follows on from A-E HERE, F-J HERE, K-O HERE and P to T HERE. Okay I cheat a bit here but with these letters it is tough but, inter alia, I cover: the USM, Uramin - my old pal Jim Mellon's company, United Cacao (CHOC), Worthington (WRN), the three Ex's , Xcite Energy (XEL), Xtract Resources (CTR), Yolo Leisure (YOLO), Zeus Capital and the late lamented Gable (GAH)

QPP
QPP

The 2016 AIM Awards - Crony Capitalists spunk £750,000 of your cash - winners announced

BBC presenter Sophie Raworth, picked up £10,000 for hosting the 2016 AIM Awards. Heck since this whole £750,000 event is ultimately funded by investors in AIM Casino stocks I am sure you won't begrudge her trousering some of YOUR cash. Anyhow here are the winners from the lavish 2016 ceremony:

GAH
GAH

Open Letter to AIM Regulation & FCA: William Dewsall of Gable must be prosecuted - investigate him & Zeus Capital now

Are there any rules at all governing the withholding of damaging price sensitive information by AIM listed companies? Yes there are. The FCA under market abuse directives and and AIM Regulation both have the power to throw the book at CEOs and Nomads who offend. But will they? Gable (GAH), its CEO William Dewsall and, almost certainly, Nomad Zeus have broken the laws. I have written the letter below to the Oxymorons at AIM Regulation and its boss, the bogus Sheriff Marcus Stuttard, as well as to the chocolate teapots at the FCA demanding urgent action

GAH
GAH

BREAKING: Gable - why did it not reveal its dire regulatory mess to investors?

Gable (GAH) says that it wants to stay on AIM and its CEO William "Piggy" Dewsall seeking a new Nomad following the resignation of Zeus Capital on 12 September. In which case why is it NOT informing investors of the regulatory mess it is in? Is that not an AIM Rule breach? Is it telling prospective Nomads the bad news? Why did it not announce the information below on 9 September when its shares still traded? Is this why its chairman walked on 9 September? Answers Piggy, give us some frigging answers!

GAH
GAH

Is there a Nomad out there who cares only about money - Gable needs your help badly now!

On 16 September, AIM Cesspit posterboy Gable (GAH) run by William "Piggy" Dewsall, made the following announcement:

GAH
GAH

Gable - Nomad quits as Company says it will delist, remaining NEDs walk as well - £15m Scandal!

I have been warning you that Gable (GAH) was a zero for a good while - indeed my most recent warning came over the weekend as I discussed the resignation of three NEDs within 40 days. Now the Nomad has quit as have the remaining two NEDS and the shares will be suspended ahead of a delisting on 12 October. This is a scandal. Shareholders will almost certainly lose everything but CEO William Dewsall has made £15 million since the IPO and will now plunder whatever is left.

MySale Group – full-year results, smoother progress since turbulent IPO?

MySale Group (MYSL), which has established, online flash retail sales sites in Australia, New Zealand and South-East Asia and an expanding international presence has announced a first set of results (for its year ended 30th June 2014) since its far from smooth IPO in the same month. Do these suggest smoother progress now?

COS
COS

Collagen Solutions – a penny share biotech tiddler – but look who is chairman

It is David Evans of Axis Shield fame again. AIM listed Collagen Solutions (COL) at 7.875p is capitalised at £5 million, has net cash of £1.1 million and is forecast to hit profitability in the year to March 31 2016.

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