Keyword results: jam tomorrow

XSG
XSG

Xeros Technology – states “pleased to report on the progress”… but it’s “delays in commercialisation”!

Previously writing on “licensor of proprietary solutions improving the sustainability and economics of garments and fabrics” Xeros Technology (XSG), in September with the shares down to 185.5p I concluded the current record here doesn’t encourage. Still for me, a former Woodford dog and jam tomorrow avoid / sell. Today the group “is pleased to report on the progress which has been made by the group’s partners and licensees”, so why are the shares further lower towards 100p?…

ITX
ITX

Itaconix – “in line with market expectations”… but they’re not good & smell that cash burn!

Previously writing on self-described “leading innovator in plant-based specialty polymers used as essential ingredients in everyday consumer products” Itaconix (ITX), last month as the shares rose to 6.25p I questioned new major application order from a leading European supplier, or not?, concluding caveat emptor, avoid / sell. The company now states that it “is pleased to update the market on trading for the full year to 31 December 2021”, so what of a further share price fall currently to 4.2p?…

PXS
PXS

Provexis – interims on a ‘no-one-watching’ day, I wonder why?...

‘Functional food ingredient’ company Provexis (PXS) has on this ‘no-one-watching’ day announced results for its half-year ended 30th September 2021, including emphasising future orders “potentially at a multiple of current total sales values”. What is that potential and what are the current total sales values?

EUA
EUA
PREMIUM CONTENT

Jam Tomorrow from the Brit, the Yank and the Irishman

I am all for patience when it comes to investing, but the forbearance of small retail investors when it comes to continual promises made and broken by small and disreputable companies never ceases to amaze. Amazon and Apple are two examples, often cited by dreamers, of plucky minnows which struggled for years before exploding into being behemoths. If they can do it, the thinking seems to be, why not anyone? Give them more time and money.

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VRS
VRS
PREMIUM CONTENT

UPDATED: BREAKING: City source – Versarien “sounding out” for monster fund-raise at 18p

The shares are today trading at 29.5p, valuing this POS at c£58 million, but are slipping gently. The reason: Versarien (VRS) the AIM listed jam tomorrow stock run by serial ramper Neill Ricketts is, according to a City source, sounding out investors about a fund raise of £30million at 18p. The rationale?

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SRT
SRT

SRT Marine Systems – trading update, jam tomorrow to start being delivered?

Previously writing on maritime surveillance and management systems company SRT Marine (SRT), in November with the shares below 40p I concluded I await the current ‘jam tomorrow’ to start being delivered before reconsidering from avoid. The shares last closed at 37.5p and are currently slightly higher on the back of a half-year trading update.

PREMIUM CONTENT

UPDATED: Buckets and buckets of jam tomorrow and can you feel the Tom Winnifrith hate in that Optibiotix seminar Q&A

This event was held on 9 September and what follows is a transcript of the more interesting Q&As. There is oodles of jam tomorrow but I sense that the time for that working has passed. Steve O’Hara and Optibiotix (OPTI) need to start delivering jam today to drive a re-rate of any sort, let alone from £50 million to £1 billion as suggested in Q1.

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Tern – It’s a Wyld, Wyld World

AIM-listed jam-tomorrow investment company Tern plc (TERN) has announced that its one listed investee (on the tin-pot Nasdaq First North market in Stockholm) Wyld Networks AB (WYLD) has raised SEK 12 million (approx. £1 million) in the form of a loan from Formue Nord Fokus A/S. That’s all very well, but…..

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ITX
ITX

Itaconix – “pleased to report that growth in demand…has continued”. Er...

Previously writing on Woodford dog (oops, sorry) “a leading innovator in sustainable plant-based polymers used as essential ingredients in everyday consumer products”(!) Itaconix (ITX), I noted a “pleased to provide… update on its commercial progress and current trading” last month. Today a further “trading statement” – and the shares currently towards 8p, 25% lower in response!…

POS
POS
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Plexus – a true POS?

I have been taking a brief look at AIM-listed Plexus – mainly because its ticker code is POS. So is it? Er……

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XSG
XSG

Xeros Technology – how ‘delightful’ is the ‘partnership’ news?...

Xeros Technology Group (XSG) is “delighted to be partnering with two domestic washing machine manufacturers” and the shares have responded slightly higher to 232.5p. So what’s the partnerships detail and valuation?…

DeepMatter Group – 2020 results argue “extremely positive” opportunity. Er...

DeepMatter Group (DMTR), “the AIM-quoted company focusing on digitising chemistry, is pleased to announce its audited financial results for the year ended 31 December 2020”. The shares have currently responded to below 2p, er more than 7% lower, in response!…

KMK
KMK

Kromek – argues cash “slightly ahead of market expectations”… but what does that mean?!

Detection technology group Kromek (KMK) has announced “significant sequential revenue growth in H2 over H1 2020/21 and expects to report revenue and EBITDA for the year ended 30 April 2021 in line with market expectations. The group continues to maintain tight cost control, improve collections and manage cash flow, and this conscientious management has resulted in the group’s cash position at 30 April 2021 being slightly ahead of market expectations”. Sounds good… but, with how creditable this performance is naturally dependent on the expectations, what are they?…

ZOE
ZOE
PREMIUM CONTENT

Zoetic one hell of a joke trading statement – it is what it does NOT say that should alarm investors

The fraud Zoetic International (ZOE) has released a trading update. Natch, there are lorry loads of jam tomorrow but it is what it does not say that should give investors looking at a £157 million market cap ( at 80p) a real panic attack. The lack of critical data here is the monumental red flag.

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Supply@ME Capital – finally delivers, well not really

Today, Supply@ME Capital (SYME) actually delivered on one of its promises… no it still hasn’t raised any financial backing for its inventory monetisation projects but it did state that it has appointed a Chief Financial Officer. I shall turn to the lack of trading and loads of jam tomorrow flavoured bullshit in today’s trading statement but first the new head beancounter:

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Conroy Gold and Natural Resources: Big Fundraise, so now technically solvent? Er…..

The good Professor Conroy and his team at AIM-listed Conroy Gold and Natural Resources (CGNR) must be feeling very pleased with themselves this morning, as the company announced a decent-sized fundraise to bring in £1.87 million in cash (before expenses) and a debt-for-equity swap regarding outstanding director fees and other debts to wipe out £379,000 of monies due. So does this finally cure Conroy’s long-running illness of technical insolvency, as highlighted by the Auditor in November’s FY accounts to May?

PREMIUM CONTENT

Tern – a Curate’s Egg. Well, an Egg anyway!

If at first you don’t succeed, try and try again. An old rule which it seems that AIM-listed jam-tomorrow investment company Tern plc (TERN) is adhering to. Last month it offered up a Portfolio Update which seemed to me to be meaningless drivel. Now, less than a month later, we have another.

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Tern – Meaningless Drivel, more jam tomorrow...

AIM-listed jam-tomorrow investment company Tern plc (TERN) has delivered a Portfolio Update which appears to read well until you realise there are no numbers. As such, it is meaningless drivel and even the merry band of Tern’s BBMs couldn’t drum up enough interest: the stock is down 2% on the (non-)news. On the biggest investee, Device Authority – which is apparently worth the lion’s share of Tern’s portfolio – we are told…

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ACT
ACT

Actual Experience plc – “Channel Partner Update” share price rise merited?...

“Channel Partner Update” from Actual Experience (ACT)… and the shares currently up 20% to 90p, to give a market cap of approaching £43 million. The update should be good then…

SRT
SRT

SRT Marine Systems – interims, jam tomorrow to start being delivered?

Maritime surveillance, analytics and management technology company SRT Marine Systems (SRT) has announced results for its half-year ended 30th September 2020 including emphasising “revenues were 7% higher than the same period last year at £3.8m, with an increased gross profit margin of 39%”. The shares though remain down on the circa 40p of my previous update

PREMIUM CONTENT

Tern – Discounted Fundraising Arrives as Predicted….where’s my Ouzo?

On Tuesday I wondered whether AIM-listed Tern (TERN) was already conducting a discounted placing as its shares were again falling even in the face of yet more ramptastic news. Now we know that the company was again raising money on the back of fake news in the market which it has failed to comment on as the BBMs were frothing about tiny investee Wyld.

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Tern – Shares collapse to just 5.5p to sell as dire results come in: Keep selling!

I have been warning about AIM-listed jam-tomorrow, next year, never investment company Tern (TERN) for years, but this year made it my sell of the year on the grounds that I thought this would be the year when investors finally gave up on the jam-tomorrow promises. Having hit a high point this year of 15.75p, this morning the stock is down to just 5.5p. But its (claimed) NAV per share is 7p – surely that makes Tern a buy? Er…..

Bear

Five Slam-dunk Sells for 2020 – August update

My curate’s egg of slam-dunk sells for 2020 continues its strange performance. On the one hand, Walcom (WALG) has disappeared from view – a zero – and on the other we have two total POS at silly prices because the market is, in my view, just totally mad.

MDZ
MDZ

MediaZest – shares rising after “Project Completion” delight… but what about financials?...

Shares in self-styled “creative audio-visual company” MediaZest (MDZ) are rising again today – currently to 0.07p, with that comparing to 0.045p only a week ago. There has since been a “Project Completion” announcement…

PREMIUM CONTENT

Explosve analysis: Tern puzzle, looking at its investment into Device Authority: is it really valued at £50 million?

Looking at the FY19 Annual Report of grossly overvalued AIM-listed Jam-tomorrow investment company Tern plc TERN) I am really puzzled by the valuation of its investment into its supposed jewel-in-the-crown, Device Authority (DA). I wonder what I am missing.

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Haydale – jam tomorrow but what about cash today? This is a plain & simple ramp

AIM-listed Haydale (HAYD) has announced an initial four-year distributer agreement with Dalian Yibang Technology Co Ltd (DLYB) offering exclusive distributer rights to market Haydale’s electrically conductive graphene-enhanced masterbatch in China and Taiwan. All well and good – and it does indeed appear to be good news – but for all the jam tomorrow, what about cash today?

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TYM
TYM

Tom and Nigel Both Criticise Tertiary Minerals. So What Do I Think?

Hello, Share Followers. When shares in Tertiary Minerals (TYM) shot up by 350% one day last week, it was thought by some that I was recommending this gold prospector. Sorry about any confusion, but I did caution that the jump didn’t seem worth it. Let me briefly outline the history of my holding with this company...

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: what happens when the Donald Trump stockmarket bubble bursts?

I start with a bit about the US election this November, the Trump economic and stockmarket bubble and when it will burst. It is a when not an if and in that vein I review stocks that could be utterly cratered when the mood music changes including Petra Diamonds (PDL), De La Rue (DLAR), Versarien (VRS) and other jam tomorrow overvalued jokes and NMC Health (NMC). And I suggesy how you start to prepare for the bubble bursting.

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PREMIUM CONTENT

Tern – portfolio update: but what about the Elephant in the room, Device Authority?

AIM-listed jam-tomorrow (or never…) investment company Tern plc (TERN) has updated the market with a portfolio review. The news seems good (a big contract for one investee and a fair investment for another) but the elephant in the room is its investment in Device Authority Limited – on which we learn precisely nothing. Worse still, apparently Tern now has a genuinely diversified portfolio of…. companies, with each……having a disruptive technology in a global market. Oh dear: it's that word again, 'disruptive' – has the board not heard of what happened to Neil Woodford?!

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VRS
VRS
PREMIUM CONTENT

Versarien buries bad news on Election day – shocking interims and the cash is running out

At 4.30 PM today Neill Ricketts, the shameless ramper and boss of Versarien (VRS) will meet with his dwindling band of core disciples at Bangers in the City of London to spout more bullshit, the sort oif bullshit that even his limp dick Nomad Canaccord would not allow him to include in today’s atrocious interims. Surely even the disciples can now see that they have been spun an almighty yarn.

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Tern – size does matter

AIM listed purveyor of jam tomorrow Tern (TERN)  is effectively operating as a technology fund investment business.Its major issue, other than its repeated ability to play fast and loose with AIM Rules, is a lack of scale which creates a number of challenges.

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Windar Photonics – intra-day (hmmm!) “Auditor Resignation” (uh oh!)…

An intra-day (rarely a good sign) announcement from wind turbines “light detection and ranging optimisation systems” company Windar Photonics (WPHO); “Auditor Resignation” (again rarely a good sign!)…

PREMIUM CONTENT

Tern spends its last pennies – when’s the placing/fleecing?

Yesterday on the back of interims from AIM-listed jam-tomorrow investment company Tern plc (TERN) I showed that despite the headlines of the interims, it is running out of cash. This morning, right on cue, it announced yet another quarterly convertible loan has been issued to its supposed jewel in the crown, Device Authority. If my maths is right, Tern will be totally skint by Christmas unless those fine chaps at HMRC hand over a bunch of cash to Device Authority and it hands it over to Tern...

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Microsaic Systems – argues “encouraged with the progress made in the first half”… so why are the shares slumping?

“Microsaic Systems plc (AIM: MSYS), the developer of point of need mass spectrometry instruments, is pleased to announce its unaudited interim results for the six months ended 30 June 2019”. The shares have currently responded to 1.15p – er, more than 25% lower!...

IQE
IQE
PREMIUM CONTENT

IQE Interims – look at that shiny new debt facility: sell

Bulls claim to be delighted. Having issued a shocking profits warning on June 21, IQE has served up half year numbers which reconfirm full year guidance. There is no follow up profits warning. Well not yet. But bears have real reasons for cheer. Having stated in June that it could operate within its existing £27 million overdraft into Q1 2020, we see today that the company has secured an additional £30 million asset financing (expensive debt). Ok, no bailout placing pro tem but a sign that cash continues to be burned.

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Nanoco – “broadening our efforts to seek out other potential new customers”… so still “lack of current commercial contracts” then!

Nanoco Group (NANO) has updated including “unaudited revenues of £7.3m for the year ended 31 July 2019 were more than double FY18 and slightly ahead of market consensus expectations… cash position at 31 July 2019 was £7.0m, an increase of £0.8m since 31 January 2019” and “the completion of the new Runcorn facility and the waiver of the contract liability leaves the group with a significantly expanded asset base and production capability across a wider range of market sectors”. However, the shares remain sub 12p – down from circa 40p as recently as June!

DIA
DIA

Dialight – interims, how’s the recovery plans “progress” & “increasingly well positioned”?...

Previously writing on self-styled “global leader in sustainable LED lighting for industrial applications” Dialight (DIA), early last month I noted argues recovery plans “progress” & “increasingly well positioned”… Er, what about the profit warning? with the shares then down to circa 350p. They have recently been headed back towards 400p, but now results for the first half of 2019…

BREAKING EXCLUSIVE: Project Coffee - Audioboom set to place again at 2.5p

The codename for the latest bailout funding of Audioboom (BOOM) is Project Coffee. The presentation, which I have seen, gushes about growth opportunities but that is always the way with this serial deliverer of jam tomorrow. There is no mentioning of burgeoning trade payables. That is always the way with Audioboom and its bailout placings. Anyhow, the company is, according to its jargin filled document "now seeking to raise a ‘growth’ capital round of c£8m at c2.5p per share."  With the stock at 2.3-25p that might be a bit of an ask. Time for an official comment on this ShareProphets scoop methinks...

Blue Prism – less than a month after £100m placing, “Director/PDMR Shareholding” announcement…

“Director/PDMR Shareholding” announcement from Blue Prism Group (PRSM). Following a £100 million placing just last month to “strengthen our leadership position and allow us to capitalise on… significant potential in our connected-robotic process automation and its ability to transform operations across geographies and sectors”, a purchase then?...

Microsaic Systems – trading “remains in line” & partnership phase 2 “completed successfully”, so why the share price fall?

An intra-day (11:20am) “Bioprocessing partnership update & trading update” from mass spectrometry instruments developer Microsaic Systems (MSYS). This firstly “confirms that trading in 2018 remains in line with the board's expectations” and then that phase two of the partnership “with a global partner in bioprocessing… has now been completed successfully, with a clear addressable market identified and positive feedback received from potential customers”. So why a 25% share price fall, towards 1p?...

PREMIUM CONTENT

Reneuron – jam tomorrow for Neil Woodford, or just in a jam tomorrow?

AIM-listed Neil Woodford investee Renueron (RENE) posted its interims to the end of September this morning. As with many of Neil Woodford’s investment choices, this is another cash-burning operation but it does have the advantage of some interesting technology. The question, of course, is cash!

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Nanoco – “remain confident in delivering the board's expectations”… so what?

Self-styled “a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from our technology platform”, Nanoco (NANO) has updated including “we remain confident in delivering the board's expectations for our full year results” and “we continue to work with a range of customers and partners on a number of near term potentially transformative technological and commercial activities” – and the shares have responded currently 6.5% higher towards 40p…

CPX
CPX

CAP-XX – it’s screw you private investors as it’s “we are delighted to receive continued support from our institutional shareholders”

Previously writing on self-styled “a world leader in the design and manufacture of supercapacitors and energy management systems”, CAP-XX (CPX) I instead noted non-specific jam tomorrow and warned cash crunch ahoy then? Now “Subscription to raise £1.75 million”

ProPhotonix – “trading conditions remain positive but challenging”. Er, which is it really?

ProPhotonix (PPIX), “a high technology designer and manufacturer of LED illumination systems and laser diode modules, with operations in Ireland and the United Kingdom, today announces a trading update for the 2018 fiscal year. Trading conditions remain positive”… So good news then?...

CPX
CPX

CAP-XX – results argue “very encouraged”, so why the share price slump in response?

Self-styled “a world leader in the design and manufacture of supercapacitors and energy management systems”, CAP-XX (CPX) “is pleased to announce its audited results for the year ended 30 June 2018” - and “with market interest in supercapacitors for a wide range of applications increasing, we are very encouraged by the widening of our licence portfolio and the increase in direct sales opportunities”. The shares have currently responded, er, approaching 15% lower towards 10p! Hmmm…

RDT
RDT

Rosslyn Data: profits warning x2, cash crunch, misleading RNS's, wrecked balance sheet – what is not to like?

Oh for the days when Rosslyn Data was run by that colourful chap who seemed embarrassed about his career in pornography. These days a boring bean counter is at the helm but the company is still a dog serving up a double profits warning topped with a meagre dose of jam tomorrow today. The balance sheet is a total wreck and surely another bailout placing is needed.

CPX
CPX

CAP-XX – trading update; “pleased to announce”… but it’s a forecasts miss!

CAP-XX (CPX) has updated on trading, commencing “as it approaches the end of its financial year ending 30 June 2018, the company has received a sharp increase in enquiry levels across all product ranges… Total enquiries, if converted to orders, would amount to annualised sales in excess of US$20m per annum” - and the shares have currently responded higher, back towards 10p…

TrakM8: a treble whammy of bad news for it - I'm celebrating

For those of us who have been 100% vindicated with our bearishness on TrakM8 (TRAK) today is a bit of a party because we find ourselves celebrating not one but three pieces of bad news. And we are not the only ones celebrating.
I would imagine that Lorne Daniel, an honourable man, who is the research analyst covering tech round at FinnCap will also be on cloud nine as he will never have to write another supportive corporate broker note on this dog ever again. For the first news is that TrakM8 is switching Nomad and broker from FinnCap to Arden Partners.

IKA
IKA

Ilika – collaboration agreement, argues “large global markets” potential but still cash crunch first?

Ilika (IKA) has announced a collaboration with PragmatIC and Arm Holdings to further progress development in ultra-thin and flexible semiconductor technology for mass market applications - and the shares have currently responded higher above 24p. So what’s the detail?...

CPX
CPX

CAP-XX – interims it’s “pleased to announce” & for a period of a “big step up”. Should be good then…

Self-described “world leader in the design and manufacture of thin, flat supercapacitors and energy management systems”, CAP-XX (CPX) “is pleased to announce its interim results for the half-year ended 31 December 2017, with CEO Anthony Kongats emphasising “the current financial year has been another big step up for CAP-XX”. Should be good then…

Crimson Tide – argues “very encouraged by our growth”... but what does the valuation demand?

Crimson Tide (TIDE) “is pleased to provide this trading update for the year ended 31 December 2017, and to bring the market up to date on its plans for continued expansion”. Hmmm, almost two months after the year-end – and with the previous such update not having been since September-announced half-year results…

HDD
HDD

Hardide – emphasises “positive” & “confident”, but when’s the jam to be delivered?

Having risen above 2p in 2014 and then declined to commence 2017 at well below 1p, last year saw a recovery in shares in surface coating technology company Hardide (HDD). It’s now updated in conjunction with its AGM…

IKA
IKA

Ilika – interims, more funding to again be needed? Larger capacity batteries the fuel?

Self-described “pioneer in solid-state battery technology and materials innovation”, Ilika (IKA) has announced results for its half year ended 31st October 2017 emphasising that it “has delivered a series of Stereax development and deployment partnerships which are driving revenue growth and enhancing insight into the addressable sectors for its technology”. Sounds promising…

AGM
AGM

Applied Graphene Materials – argues at AGM “pleased with the progress”, BUT…

With “the number of active engagements increased significantly in the year and currently stands at around 100”, an AGM statement from Applied Graphene Materials (AGM) emphasises “the board remains pleased with the progress that the group is making towards the commercialisation of its products and proprietary technologies… Following on from our initial production orders the business secured additional production orders”. Sounds encouraging…

Bearcast

Tom Winnifrith Bearcast: Nick Leslau on Hammerson, Sagging Saga & so Jim what did happen to Life Science (lack of) Developments?

Today's internet delivery for my neighbours which I have taken in is an industrial scale amount of loo paper. That tells you something about the Hammerson (HMSO ) deal which I comment on and also relay the thoughts of Nick Leslau. I ask questions about what has happened to Jim Mellon's Life Science Developments (LDC), look at Saga (SAGA)rare honesty in the resources sector from waste of space Spitfire Oil (SRO) and predictable behaviour at jam tomorrow outfit Tertiary Minerals (TYM)

Listen to the Bearcast:
CPX
CPX

CAP-XX – “confident in the direction of the company”… or more CrAP (XX)?

An AGM statement from a self-styled supercapacitors and energy management systems “world leader” CAP-XX (CPX) commences “the company's order book is currently up 242% year on year because of the strong order intake for the Internet of Things” and also includes “royalty and license income continues to grow and financial year to date receipts from Murata have more than doubled year on year”. Sounds promising… and ooooh, the Internet of Things hey…

IKA
IKA

Ilika – trading update offers more jam tomorrow, whilst today more cash burn ahoy

Self-described “pioneer in materials innovation and solid-state battery technology”, Ilika (IKA) has updated on its half-year ended 31st October 2017, including CEO Graeme Purdy commenting “our proven innovation engine for novel functional materials has been firing on all cylinders in the first half of this year”. What has tangibly been delivered though Graeme?...

Jaywing – interims include “substantially below” warning, where was a timely update?

Self-described UK “specialist in data science led digital marketing”, Jaywing (JWNG) has announced results for its half-year ended 30th September 2017 including “since the election was called in the Spring we have seen consumer-led businesses in the UK grapple with difficult trading conditions… their first action has been to cut costs, including marketing costs”. That doesn’t bode well here…

Nanoco – full-year results. “A pleasure to introduce”, Really?

Nanoco Group (NANO) “is pleased to announce its preliminary results for the year ended 31 July 2017” and Chairman Dr Christopher Richards states “it is a pleasure to introduce Nanoco's results for the year to 31 July 2017”. Should be encouraging then…

AVN
AVN

Avanti Communications - time for this worthless piece of crap to fess up?

Avanti Communications (AVN) is now operating without its founder and, until recently, its CEO, the king of the uber Welsh ricks David Williams. Say what you like about a man with an ego the size of Powys, but he was a good bullshitter. Without him keeping the plates spinning and proimising everyone jam tomorrow, the drowning in debt satellite company which never hits any of its targets, would have been toast years ago.

Audioboom – following another quarterly update with Rob omitting the meaningful financials, house broker updates…

Audioboom (BOOM) was able to get its shares up by more than 12%, above 2p, yesterday on the back of a “Third Quarter Update”. Unfortunately though this was achieved by CEO Rob Proctor again substituting jam tomorrow verbiage for meaningful financials – as Tom Winnifrith noted in a BearCast HERE. There has since been an update by house broker Allenby Capital…

SRT
SRT

SRT Marine Systems – order “for the world's biggest single deployment of AIS AtoN”. Wow… Or not…

Following the postponement of a significant contract announced at the end of last month, SRT Marine Systems (SRT) has now announced an “AIS Aids to Navigation Contract”, including that “the order is for the world's biggest single deployment of AIS AtoN”. The world's biggest hey, sounds impressive!…

CPX
CPX

CAP-XX – “First high-volume order for Thinline”. Sounds exciting, but is it?

Having reached above 12p in February before falling back, including post a trading update in June, shares in CAP-XX (CPX) have currently returned to those prior highs on the back of a “First high-volume order for Thinline” announcement. Why “high-volume” though rather than an actual number? Ramptastic?...

Mirada trading statement, feel that cashburn - placing ahoy

With apologies to my fellow bear Matt Earl, the Dark Destroyer, who is a NED at Mirada (MIRA) but today's trading statement moves swiftly from gushing about jam tomorrow to a a damning admission of the monumental cashburn which leave the balance sheet holed beneath the waterline. It is placing ahoy and for a company of this size that means bucket shops and a deep discount

SCE
SCE

Surface Transforms – “pleased to announce” result of open offer excess. Hmmm…

With its shares having been above 20p at the start of 2017 and still above 19p in June as it attempted to mitigate “we continue to look forward with confidence”, Surface Transforms (SCE) has announced the final result of a fundraising which it has emphasised has seen a “most encouraging response from shareholders”. At what price per share again?...

PIM
PIM

Plant Impact – placing, tries to argue “represents a premium”. Hahaha…

Plant Impact (PIM) has announced the conditional placing of new shares in the company at 31p each raising a gross approximately £4 million, with the announcement also including “the placing place (price?) represents a premium of 6.0 per cent to the closing mid-market price of 29.25 pence per existing ordinary share on 25 July 2017”. Hmmm…

PIM
PIM

Plant Impact – following share slump from 35p on Friday… Potential Capital Raise at 31p. Over to blink-182…

Following a far from routine “Third Quarter Trading Update” last month which saw shares in Plant Impact (PIM) slide, they recently looked to have stabilised at around 35p – that was until Friday when they strangely slumped to sub 30p. Or is that now ‘strangely… until today’?...

SCE
SCE

Surface Transforms - discounted fundraising o’clock (as warned)

In December I noted cash concerns on Surface Transforms (SCE) following a half-year trading update. I reiterated these last month, despite the company arguing “we continue to look forward with confidence”. Now surprise, surprise it’s discounted fundraising ahoy…

AVN
AVN

Shit sandwich with jam tomorrow on top: trading statement from Avanti Coms - but here's what its hiding

Avanti Communications (AVN) has surprised no-one with a grim old trading statement covering the year to June 30th 2016. But the CEO who boasts of how he misled investors with a faked demo to raise funding has - as usual - tried to make a shit sandwich more palatable by serving it covered in oodles of jam tomorrow. But there is something that bombastic prick David Williams is not telling you....

Strat Aero - reality setting in - do not BUY!

I warned you in explicit terms yesterday that the doubling of the Strat Aero (AERO) share price to 0.14p on the back of results which can best be described as a shit sandwich with dollops of jam tomorrow on top, was not justified. The shares have now slumped back to 0.09p-0.11p (TW 7, BBMs 0 once again) but do not BUY now for there are still deluded fools abroad.

Strat Aero - shares double on results but the company is almost bust - placing ahoy!

Shares in Strat Aero (AERO) have almost doubled today to 0.14p which amazing as the final results for calendar 2016 are out and are utterly crap. Okay they are less crap than 2015 but they are crap and indicate that the company must be as near as damn it, bust. Yes we are promised more jam tomorrow but before we get there surely it is placing ahoy?

AVN
AVN

Avanti Communications Trading Update: More jam tomorrow, cashburn & shit sandwiches today - target price 0p

Avanti Communications (AVN) the drowning in debt satellite operator run by a man - David Williams - who has boasted about how he misled to investors to raise capital, by faking a product demonstration, has served up a trading update. As ever with Avanti it is packed with jam tomorrow but the reality is that it is the usual Williams fare, a shit sandwich.

CNS
CNS

Corero Network Security – service launch of a contract announced a month ago. Ramptastic!

An announcement from Corero Network Security (CNS) with a headline “Corero Tier 1 Internet service provider customer GTT Communications, Inc. launches DDoS Mitigation service”. Then “further to the announcement on 19 April 2017 regarding a Global Tier 1 Internet service provider customer win… announces that the customer, GTT Communications, Inc. (NYSE: GTT), has launched its DDoS Mitigation service”“Global Tier 1” now hey! And you what? The contract win has already been announced? Ramptastic…

Flowgroup – shares crash on announced “potential alternative” to proposed Flow Energy business disposal

Writing previously in March on Flowgroup (FLOW), with the shares then at 5p, I concluded that there looked to remain both funding and jam-tomorrow uncertainty and to continue to avoid. Presently, the shares are approaching 40% lower on the day, at sub 2p, on the back of news that the company “is in the advanced stages of preparing a significant capital fundraising as a potential alternative to the proposed disposal of the Flow Energy business”

ADL
ADL

Andalas - ramptastic news: in case you forgot it needs £500,000 (which it hasn't got) by Friday

Another day and another ramptastic "Operations Update" from Andalas Energy (ADL). Operations is a bit of a strong word as Andalas does not really have any. It should really have been "Jam Tomorrow" update but then again tomorrow suggests the jam may arrive which, given the track record of this dog, looks unlikely. What will arrive on Friday is a demand for £500,000 and as Andalas has sod all cash and is burning what it has at a rate of knots that is a bit of a problem. Oddly this is not mentioned in today's RNS.

Cloudbuy – AGM statement: it’s jam tomorrow (honest, this time, guv’!)

AIM-listed Cloudbuy (CBUY) this morning issued an AGM statement which offered yet more jam tomorrow, even more jam next year but the only jam today is the one the company seems to be in.

BNN
BNN

BNN Technology: Where does all that money go?

BNN Technology (BNN) has duly announced its prelims for the year to Dec 2016. First of all: hats off to broker Mirabaud for finding punters willing to throw a further £25 million at the company on top of £51 million stumped up last year.

SNT
SNT

Steve Moore Sell tip of the year, Sabien Technology - TIMBERRRRR…

Noting the balance sheet in conjunction with its trading, towards the end of 2016 I put forward Sabien Technology (SNT) as a sell tip for 2017 at 3p – questioning at what price another attempted bailout fundraising so soon after the previous one? We now have the answer…

Flowgroup – energy supply business disposal & microCHP boiler production updates

Writing last month on Flowgroup (FLOW) I noted the shares down below 6p, having been 25p+ less than a year ago. Having fallen further, to sub 4p, they have currently recovered to 5p following a couple of recent announcements…

Fitbug – “New client contract win” announcement… but before getting excited…

Fitbug (FITB) has made a “New client contract win” announcement. Unfortunately for it however, a previous RNS Reach farce looks to have hindered a ramparoonie…

Fitbug – this time RNS Reach joke (sorry, ‘announcement’) seen for what it is

Having seen its shares soar last month on its previous RNS Reach announcement, enabling a placing before the shares completely slumped back, Fitbug (FITB) has now released another – claiming it “would like to share some insights and findings from a recent case study, following a pilot wellness programme with MTR Crossrail”...

Flowgroup – “welcomes” UK government announcement, surely this market promising again for it then?, Er…

Flowgroup (FLOW) has ‘welcomed’ an announcement following government Feed-in Tariff review, adding it believes the statement is “the result of significant co-ordinated industry pressure, in which the company played a key role”. Good, good, the UK market promising again for it then? Er…

Flowgroup – “pleased to announce” update, but bailout placing to be required?

Flowgroup (FLOW) “is pleased to announce that it expects to announce its results for the year ending 31 December 2016 during May 2017. The company expects its trading results to be in line with analysts' forecasts”. Hmmm, so why are the shares currently down a further more than 8%, below 6p, having been 25p+ less than a year ago?...

SCE
SCE

Surface Transforms – claims “strategically important” contract win, but how’s the cash burn?

Manufacturer thus far of largely jam tomorrow Oops, of carbon fibre reinforced ceramic brake discs, Surface Transforms (SCE) has announced what it describes as a “strategically important” contract win – and the shares have responded approaching 10% higher, to 23.5p. BUT…

MySQUAR: A cash-burning, “jam tomorrow stock” – AVOID!

A tad surprisingly, I got into cryptography at Christmas so, taking inspiration from a mighty opus in that domain, I thought I would look at a shockingly, disappointing stock, MySQUAR (MYSQ), using a particularly odd approach. No trophy for working out my antics as you may actually find it a risky topic to Disqus, but can I actually do 400 words on this stock in a fitting way with my customary virtuosity?

Bearcast

Tom Winnifrith Bearcast: I shall keep this simple so that morons don't get even more confused

I start with a few explanations of how businesses work and how markets work for shareholders in Cloudtag (CTAG) and Optibiotix (OPTI), Then I mention two risers, Falanx (FLX) and Andalas (ADL) before moving on to Marechale (MAC), MySquar (MYSQ) and finally, in great detail, the 17 years of jam tomorrow bollocks that is Torotrak (TRK). Remember, as per podcast, - five share tips for a fiver - starts Monday at 7 AM, don't miss out sign up HERE

CPX
CPX

CAP-XX – was pleased with commercialisation progress, now lower prices in ‘response to customer demands’. Hmmm…

Having in its October full-year results announcement been “pleased with the progress made in commercialising our small and large supercapacitor products”, CAP-XX (CPX) has now announced it has “responded to the demands of our international customer base… significant production cost savings on its supercapacitor solutions for both passenger vehicle and heavy vehicle automotive applications”. Hmmm…

EXCLUSIVE: Inspirit Energy - cash run out? Supplier has to go to Court to get paid

Oh dear. Oh dear. It looks as if the cash position at John Gunn's boiler room Inspirit Energy (INSP) is getting so very tight indeed. With the shares slipping to just 0.24p to sell and there being no sign of jam tomorrow being turned into anything resembling an order, we have just been passed judgement in a court case which closed this week.

88E
88E

The 88 Energy Rampathon - it is 'avin' a bubble

Another day and another ramptastic RNS emerges from the Icewine jam tomorrow factory owned by 88 Energy (88E). What we really want to see, of course, is the quarterly report for the three months to September 30th showing just how much of the June 30th net cash of A$20.3 million has been spunked away to money heaven. The answer to that will explian today's ramping.

Nanoco – full-year results; claims “excellent position”, but actually en-route to cash crunch ahoy (again)?

Nanoco Group (NANO) Chairman Dr Christopher Richards considers it “a pleasure to be introducing Nanoco's results for the year to 31 July 2016”. The shares are currently more than 6% further lower, at 55p, in response…

SCE
SCE

Surface Transforms – full-year results; management ‘confident’ and ‘excited’, market response less so…

Developer and manufacturer of carbon ceramic products for the brakes market, Surface Transforms (SCE) “is pleased to announce its preliminary results for the year ended 31 May 2016”. The shares are currently 7.5% lower, at below 25p, in response…

Wandisco: I smell an enormous rat: where's the money going?

On Wednesday, cash guzzling over-ramped serial non-deliverer of anything other than jam tomorrow Wandisco (WAND) announced that it had a new CFO at 7 AM. At 10.41 AM Thursday the company's founder, CEO and all round head honcho David Richards walked with immediate effect. No credible reason was given for his departure. I smell an enormous rat.

Inspirit Energy - if it is out of cash by end October is it placing ahoy (Again)

On May 17th 2016 Inspirit Energy (INSP) raised £750,000 gross ( call it £700,000 net) at 0.5p per share but since then the news from the boiler room has been limited. The shares have tanked to just 0.29p and, worse, still, basic maths suggests that the jam tomorrow producer will be out of cash again within weeks. Is it placing ahoy? Methinks yes. Here are the maths.

Nanoco – update as shares down on “Change of Adviser” announcement

Down from more than 100p little more than a year ago, though, at 68p, around 60% ahead of levels throughout most of June, shares in self-described “world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials”, Nanoco (NANO) are currently slightly lower on the back of a “Change of Adviser” announcement...

Nanoco – claims “commercial, technological and organisational” milestone achievements, but financials?

An announcement commences “Nanoco Group plc (NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, provides the following trading update ahead of its preliminary results for the year ended 31 July 2016. During the year, the company made substantial progress and achieved a significant number of commercial, technological and organisational milestones”. Hmmm, I note no mention of ‘financial’, wonder why? ...

EKT
EKT

Elektron Technology – current trading lower, lashings of jam tomorrow…

Elektron Technology (EKT) CEO John Wilson emphasises that “the group continues to make progress in the delivery of new product development programmes in our growth brands, which the board believes will significantly enhance shareholder value”, though current revenues (six months ending 31st July 2016) “are expected to be lower than those for the same period last year”. Hmmm…

Cloudtag Placing (quelle surprise) so when's the next one?

CloudTag (CTAG), the company that produces jam tomorrow and is ramped by a legion of pea brained inbred imbeciles with a collective IQ of less than your average tomato has announced yet another placing, this time raising £800,000 (before costs) at 5.25p. Hmmmm.

Cloudtag Does Hidden Placing I do hope the morons were lubed up

This is so shoddy. As I have pointed out on a number of occasions, Cloudtag (CTAG) has negative net current assets and is burning cash. Hitherto it has managed to persuade mug punters to buy into placings done at a premium to the prevailing share price on the basis that there was lots of jam tomorrow.

SCE
SCE

Surface Transforms – annualised revenues of £10m-£12m in sight. Er, not quite…

Carbon ceramic brake discs company, Surface Transforms (SCE), has announced a “Pre-Production Technology Development Agreement”, including “expected annualised revenues after start of production reaching approximately £10m-£12m on mature volumes”. The shares are currently up approaching 9%, to 18.75p, in response. Hmmm – let’s take a look…

BGO
BGO

Bingo Bango Bongo Trading Statement - Ronan Keating knows what you mean

Jam tomorrow producer Bango (BGO) has served up a ramptastic trading statement which distinguishes itself by missing out all of the metrics a sane investor would want to know about. Lads, Ronan understands.

Bearcast

Tom Winnifrith Bearcast - My father worries he may be a victim of the peasants revolt

On my personal website I have a podcast HERE about how Chilcot exposes the establishment/rest of us divide again and how this will create even more anger as the war criminal Blair walks free. My father, who is lisening to me record today, fears that he is in the firing line as a member of the establishment. I then move onto the omnishambles Boxhill (BOX), Portmeirion (PMP), Vislink (VLK), Igas (IGAS), Blenheim Natural Resources (BNR), lie and jam tomorrow producer African Potash (AFPO), Frontier Resources (FRI) and finally onto the fraudsters Eden Research (EDEN) where I will be asking for your help, dear listeners, tomorrow. 

SCE
SCE

Surface Transforms – trading & operations update, more jam tomorrow?

Following a recent “successful fundraising” (AKA a smaller investor shafting), Surface Transforms (SCE) has released a “Trading, Premises and Operating Update”

HNR
HNR

Highlands Natural Resources: Now you are contradicting yourselves - where has the money gone?

The bullshit from this over-ramped jam tomorrow AIM piece of crap continues but with the shares tumbling to 53p on the latest RNS fantasy perhaps the penny is dropping. The problem the rampers have is that they have spouted so much horseshit in a deluge of RNS releases that they are now contradicting themselves. So let's deal with Schlumberger.

EXCLUSIVE: Cyan trying to raise £12.5 million at 0.21p

A good City source tells me that Beaufort Securities is trying to raise £12.5 million for uber jam tomorrow play Cyan (CYAN). The shares are 0.28p now the word is that the placing is being priced at 0.21p or lower.

SCE
SCE

Surface Transforms – revises extent of smaller investor shafting

Having last month announced a smaller investor shafting (sorry, a “equity fundraising of up to £5.0 million”), Surface Transforms (SCE) has updated on a revised extent of the shafting…

Koovs plc – “received firm indications of interest” for £20 million, but will the jam tomorrow be delivered?

India-focused online fashion retailer Koovs (KOOV) has announced a conditional, including on General Meeting approval, capital raising at 25p per share. This stated to be “part of our planned growth, and will allow us to continue to build our brand, develop our customer offer, and deliver our strategy”. Hmmm…

GCM
GCM

GCM Resources – Interims: dilution ahoy!

AIM-listed GCM Resources (GCM) has been trying to get permits for a coal mine in Bangladesh for as long as I can remember – and this morning’s interims to Dec 2015 continue the lashings of Hartley’s being promised for tomorrow, or the day after. Or perhaps never. But meanwhile the cash is running out and there is a Going Concern warning to be found. Not surprising, as the balance sheet shows Net Current Assets weighing with a deficit of £416,000 – quite a problem when the market capitalisation is just £2.8 million (source: ADVFN).

SCE
SCE

Surface Transforms – fundraising announcement; smaller investor shafting o’clock

“Surface Transforms (SCE) is pleased to announce a conditional equity fundraising of up to £5 million… The net proceeds of the fundraising will enable the board to pursue its strategy of having the capacity to supply the commercial volumes which may be required by automotive OEMs… as well as fulfil their existing commitments to the company's aerospace and other customers”. Hmmm…

SEV
SEV

Serial D. O. G. DOG Servision - when is the placing?

AIM casino listed Servision (SEV) went public on New Year's Eve 2004 ad has been a serial disappointer ever since. More than eleven years on its shares have collapsed, more than $14.672 million has been sent to money heaven and the only commendation one can make is its consistency. It is always losses, more losses, more jam tomorrow and when's the placing? And it is that matter that needs addressing for the answer must be soon. Beware the ramp.

TrakM8 - before we look forward lets just examine its historic lack of cash generated (Part 7)

Paul Scott insists that I must ignore the series of historic lies, woeful lack of cash generation and the rest of the Red Flags at TrakM8 (TRAK) and look forward to the jam tomorrow. I shall do exactly that on Monday and show why that jam won't arrive. But Benjamin Graham tells us that historics are often a better guide to valuation than promises of jam tomorrow and in that vein I shall now demonstrate what an overhyped dog's dinner of a cash consumer this company is.

Tern – Cryptosoft update and a clarification from yours truly

AIM-listed Tern plc (TERN) released an update on the progress of its flagship investment Cryptosoft yesterday morning. I’m not entirely sure why it bothered, given that only £26,000 of sales is reported in something of a jam tomorrow statement.

Imaginatik plc – a financial fundamentals standpoint as Rob Terry plays his games

Imaginatik plc (IMTK) finds itself in the headlights today – for reasons detailed by Tom Winnifrith HERE. What is the view from a financial fundamentals standpoint?

Cloudbuy Profits Warning

On Tues 23 December Cloudbuy issued a ‘Trading Update’ which, just by the timing of the announcement (Christmas Week) meant that it was unlikely to contain good news: as Tom Winnifrith has already pointed out, if it was good news it would have been rushed out in the previous week while everyone was still at their desks.

KLG
KLG

Kalimantan – and the Placing they didn’t tell you about: More shite from a POS on the AIM casino

Kalimantan Gold (KLG) has been a perennial jam tomorrow POS stock on the AIM Casino. Directors fees all round. Advisors fees all round. Placing after placing after frigging placing as it hypes up one target, raises cash, moves the goalposts and them raises cash again. All the time it is private investors who get screwed. Let me tell you about the placing it failed to do earlier this week.

BGO
BGO

Bingo, bongo, Bango – dismal interims – when is the bailout cash call?

I have noted before how Bango (BGO) merits an AIM Casino jam tomorrow promises. Floated in 1999 it has sent £27.5 million to money heaven and has never made a profit. Interims today are thus par for the course but the cash position looks tight. At 102p the market cap is £46 million and the shares are a screaming sell.

TCG
TCG

Thomas Cook – Not a Profits warning but not inspiring: Harriet Green still on borrowed time

Sadly Thomas Cook (TCG) did not as I had hoped serve up a profits warning today. Its shares are broadly unchanged at 122p but its trading statement is far from inspiring and the City knives are still out for PR obsessed CEO Harriet Green. She cannot afford to slip.

WSG
WSG

Westminster Group Video - cheap as chips or another AIM loser - you decide

Westminster Group (WSG) seems to divide opinion. There are some folk who think it is yet another loss making jam tomorrow AIM stock. Others (see HERE) love it and think the shares are cheap as chips. To help you decide here are the CEO and FD Peter Fowler and Ian Selby ( a good libertarian) in video action at the UK Investor Show.

BGO
BGO

Bango is your record the most shocking on AIM and when is the cash call?

Does Bango (BGO) deserve some sort of award for its record for not making profits? The company was established in 1999, floated on the AIM Cesspit in 2005 and is still not actually making a profit? To date investors have lapped up its jam tomorrow story of enabling folks to make payments via apps, etc. and circa £25 million has gone to money heaven. But surely as yet another cash call looms this farce cannot pay on forever?

Sell Magnolia Petroleum: Multiple 3.5p Failures Imply 2p Zone Retest

Having done a “Michael Fish” over there likely to be no meltdown at Quindell Portfolio earlier today (feel free to Google him), there will be no prisoners taken as far as the downside is concerned at struggling stocks. Example 1 is Magnolia Petroleum.

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