On 4 December 2020 shares in Russia PGM promote Eurasia Mining (LSE:EUA) hit 40.55p and morons across the interweb, spurred on by fraudulent paid for research and also by blatant market abuse by Good Germans, pondered what colours their fleets of Ferraris would be painted. Today the shares are just 5p after dire finals earlier this week. There are two big questions Eurasia needs to answer:
MyHealthChecked (MHC) has announced that trading in the first six months of the current year has been stronger than expected – and that ahead of launch of five at-home cheek swab DNA wellness tests.
OptiBiotix Health (OPTI) has announced audited results for the 2021 calendar year and that it continues to make good progress against stated aims of focusing on a smaller number of large partners in key strategic markets and growing its direct-to-consumer sales.
Having recently reached above 200p, shares in Northbridge Industrial Services, now Crestchic plc (LOAD), have fallen back to a current 200p offer price, £56.5 million market cap. However, recent corporate activity and trading mean we target a more than 250p share price within three months and here’s why.
Kefi Gold & Copper (KEFI) has issued an announcement stating that it notes recent local press reports inaccurately referring to a loss of the company's Tulu Kapi licence in Ethiopia and that it is instead confident of the signing of an umbrella funding agreement by the end of this month.
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.
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.
Ariana Resources (AAU) has announced significant progress across its projects, “most notably" the construction of Tavsan, with associated development activities being ramped up.
Bluebird Merchant Ventures (BMV) has announced that work has suggested ore inventory and future production may be larger than previously expected at its Kochang project.
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”.
Kefi Gold & Copper (KEFI) has served up another update on Saudi Arabia, saying that it is looking to develop Jibal Qutman next year and then Hawiah “shortly afterwards”.
Kefi Gold & Copper (KEFI) has issued an “Ethiopia Development Update”-titled announcement, with Executive Chairman Harry Adams emphasising that the company has significant momentum as it progresses three advanced projects. Then again he recently considered yet another placing ‘pleasing’, so what is the “significant momentum”?
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?
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.
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?
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.
Kefi Gold & Copper (KEFI) has announced calendar year 2021 results and emphasises now a “focus on a sequential development path to build a mid-tier mining company with aggregate annual production of 365,000 ounces of gold and gold equivalent, in which KEFI will have a beneficial interest of 187,000 ounces of gold and gold equivalent”.
Shares in UK provider of managed services “for cloud, digital platforms, unified communications, and connectivity solutions” AdEPT Technology Group (ADT) have fallen from above 290p as recently as September and have recently stabilised at around a 190p offer price. This is a good stock unfairly sold off amid market wobbles. We a short term bounce to 250p on the cards. This is a buy for a quick 30% gain.
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 £400 million, at a current 15.1p share price.
Bluebird Merchant Ventures (BMV) has announced sample results from South Korea, which, it emphasises, confirm that it is on the right path to 'proof of concept' gold production.
South African metals producer, Tharisa (THS), has announced results for its half-year ended 31st March 2022, including “PGM production of 91.8 koz, up 22.2%... Chrome production of 776.7 kt, up 6.3%... strong commodity markets”. That sounds good!
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.
A distributor of fuel, food and feed across the UK, NWF Group (NWF) issued a trading statement recently including “the full year result now likely to be significantly ahead of the board's previously upgraded expectations”. Such trading momentum looks far from reflected in a current 224p offer price for the shares...
Seed Innovations (SEED) has emphasised a “significant milestone” for B2B developer of 3D gaming applications investee company Fralis LLC, trading as Leap Gaming, with the granting of a content supply licence by the United Kingdom Gaming Commission.
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.
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.
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.
Touch sensors manufacturer Zytronic (ZYT) has announced results for its half-year ended 31st March 2022 and that, whilst there are headwinds, it “remains well positioned to progress in its recovery, particularly now as the global sales and marketing activities resume”.
Seed Innovations (SEED) is pleased to note that the company in which it holds 7,324,796 shares, Little Green Pharma (ASX:LGP), has announced its “largest single-strain offtake quantity contract to date, with a minimum take or pay commitment of $7.5 million over 30 months." This follows the company in which it holds 4,427,609 shares, Yooma Wellness (CSE & AQSE - YOOM), announcing that its “fourth quarter saw revenue of US$5.3 million, exceeding previous forecasts”.
Imperial Brands (IMB) has announced results for its half year ended 31st March 2022 emphasising “stabilisation of our core combustible business” and “successful consumer trials validate our approach and strengthen our confidence in our Next Generation Product strategy”. This sounds encouraging.
Gold miner in Kazakhstan, AltynGold (ALTN) states that it “is pleased to announce its 1Q22 production update” and the shares have moved up to 130p, so what’s the latest?...
Jubilee Metals (JLP) has announced a performance update of its new and expanded fully integrated South African Inyoni PGM and chrome operations and its Zambian southern copper strategy. So what’s the situation, with the shares having responded up to 15.4p?
Wishbone Gold (WSBN) has announced it has signed a drilling contract for its Wishbone II gold-copper project in Northern Queensland, Australia and that deployment for drilling is dependent only on weather in the area improving.
Building services company TClarke (CTO) has issued an AGM trading update including that “trading in the early months of the 2022 ﬁnancial year has continued to be strong… the outlook for TClarke continues to be very positive”. Sounds good!
Kefi Gold & Copper (KEFI) has announced recent advancement toward multi-party financing, as well as further development of the Tulu Kapi gold project in Ethiopia.
AEX Gold (AEXG) is pleased to announce its addition of mineral exploration licences No. 2020-41 and 2021-11, covering areas in South Greenland.
Packaging group Macfarlane (MACF) has announced “a solid start to 2022, with first quarter sales and profits from continuing operations ahead of the same period in 2021… expectations for the full year are unchanged”. So what of a current 120.5p share price?
Kefi Gold and Copper (KEFI) has announced further drill results and news from Saudi Arabia.
Sylvania Platinum (SLP) has announced quarterly results including “net profit of $21.2 million… cash balance of $138.0 million (Q2: $110.1 million)… production is expected to increase significantly during the next quarter due to progress at Lesedi and the improvements identified post quarter end at Mooinoi”. So what of a current around 90p share price?
Pebble Beach Systems (PEB) has announced results for the 2021 calendar year and that it looks forward with optimism – we are marginally ahead on this 12.5p offer tip but there is more to come.
Coral Products (CRU) has announced it has acquired Film & Foil Solutions Limited for £1.35 million and £0.75 million in shares at 15.5p each, with some further payments on settlements on a pound for pound basis, and stating that it “anticipates that the acquisition will be earnings enhancing in its first year”.
I suspect that very few investors and surprisingly few PLC directors have any idea what a recession looks like. For starters most folks in both camps are rich but in a recession, it is the poor or lower middle classes who get whacked hardest. That is especially so when it is an inflationary recession as those lower down the order tend to have the least ability to “play catch up” by forcing through pay rises. And secondly you have to be of a certain age to remember a savage inflationary recession as an adult – the last one was ended with some fairly painful medicine by the blessed Lady Thatcher forty years ago.
Hello Share Fanciers. With markets closed, I venture to open a subject that might seem now't to do with shares and rather self-indulgent. But it is indirectly relevant to share shifters, so please bear with me. Brought up in a straight-laced home in the 1950's I never swear. But I don't object to it in others, like Uncle Tom, for instance.
BP (BP.) has announced a first quarter of the year $20.4 billion loss... though also reduced net debt to $27.5 billion, a maintained 5.46 cents per share dividend and a proposed further $2.5 billion share buyback. So what’s going on?
Packaging company DS Smith (SMDS) has announced year ending 30th April “trading in line with management expectations… enter the next financial year with confidence”, helping the shares up to 325.6p.
Fresnillo (FRES) has announced first quarter of the year production including attributable silver production of 13.28 million ounces and gold production of 0.15 million ounces and that, despite challenges, “2022 guidance remains unchanged”.
AEX Gold (AEXG) has announced 2021 calendar year results and that it “is very well placed for the year ahead and investors will have a lot of news to digest”.
Red Rock Resources (RRR) has announced results for its half-year ended 31st December 2021, with Chairman Andrew Bell emphasising “there will be a strong focus on cash generation and creating opportunities for value crystallization”. Time for action, not words though Andrew!
Shares in equipment rental company Vp plc (VP.) closed at 820p before the latest news. However, they are now up to 940p on news that it is now considered “appropriate to investigate the sale of the company and is therefore launching a formal sale process”. So what now?
GlaxoSmithKline (GSK) has announced its first quarter of the year results and that it reconfirms its full-year 2022 guidance. We are well ahead on this share tip where we are also drinking our own medicine so what to do now?
Cybersecurity group Shearwater (SWG) has emphasised a “set of market-beating numbers… we remain excited for what the future holds”. What of a share price response up to 140p?
Gold miner in the Philippines, Metals Exploration (MTL) has announced an update on the first quarter of the year and that it is “well set to continue to deliver our planned strategy for the coming year”.
i3 Energy (I3E) has announced delivery on a farm-in by Europa Oil & Gas (EOG) to the New Serenity Block and it to “now commence the detailed planning and permitting process for the Serenity appraisal well, which we now expect to spud in late Q3”.
Iron ore pellet producer, Ferrexpo (FXPO), has announced results for the 2021 calendar year, and that it has continued to operate, launching a significant humanitarian programme to assist those directly impacted by the Russian invasion.
Iofina (IOF) has announced first quarter production of 103.8 metric tonnes of crystalline iodine from its five operating IOsorb plants in Oklahoma, USA, in line with its budgeted projections and that “iodine spot prices have reached $60/kg and above, up 20% since the beginning of the year”. This sounds encouraging.
Centamin (CEY) has announced a quarterly update including “as planned, Q1 2022 production reflected the successful transition to owner mining in the underground… reiterates its 2022 full-year guidance”, so what of a share price response currently down closer to 90p?
Kefi Gold & Copper (KEFI) states that it “is pleased to announce an oversubscribed fundraising to raise gross cash proceeds of £8.0 million… at a price of 0.8 pence per ordinary share”, with also a warrant per two placing shares at an exercise price of 1.6p exercisable for two years. But then it admits “the placing price represents a discount of 25% against the ten-day VWAP to 19 April”. So the stock was handed out cheaply so making the placing oversubscribed. Well done 'arry bloody Adams and team aren't you clever boys?
Shares in Flowtech Fluidpower (FLO) remain below levels of earlier this year despite recent results showing encouraging recovery and noting an encouraging start to this year, with there looking to be scope for further recovery in profitability and for the share price.
Anglo Asian Mining (AAZ) has announced it “is pleased to provide a production, sales and operations review for its Gedabek contract area in western Azerbaijan, for the three months to 31 March 2022”. So, what of the shares responding slightly higher to 95p?
The other day, Jubilee Metals (JLP) announced results for its half-year ended 31st December 2021 (the shares are currently 17p to buy); they were a 16.2p offer when this tip was first posted. But that compares to above 17.5p as recently as February, and above 20p last summer… and there is good reason why, in very short order, they can easily exceed the latter again.
Iron-ore pellets producer, Ferrexpo (FXPO), has announced - despite operational constraints following Russia's invasion of Ukraine - “production of 2.7 million tonnes in the first quarter of 2022, representing a figure in line with the same period in 2021, and 11% below the previous quarter… Sales in 1Q 2022 of 2.6 million tonnes… net cash position of approximately US$159 million”.
Cybersecurity group, Shearwater (SWG), has announced a “new contract win, to the potential value of up to c.£21.0m, with a leading telecommunications and media company”, helping its shares more than 25% higher, to 138p, in response.
In response to some dynamite exposes on Shareprophets about Canadian Overseas Petroleum Limited (COPL), the company released a bizarre RNS in which the sole executive, Arthur Millholland, dismissed his critics, mainly Tom Winnifrith, as snake oil salesmen and expressed “renewed confidence” about the future. Pots and kettles spring to mind here when Millholland’s track record is taken into consideration.
Fox Marble (FOX) has announced it has raised approximately £400,000 by way of a convertible at 6p per share, 5 year, loan note at a 2% per year interest rate deferred for 2 years… though not for its current marble quarrying and processing business in Kosovo and the Balkans. Instead it is to provide a 2% per annum interest loan facility to a recently incorporated English private company focused on buildings made from glass fibre reinforced gypsum modular sections. However, there is far more to this move.
Equipment rental company Vp plc (VP.) has issued a trading update announcement which is headlined “Expected performance ahead of expectations driven by increased demand”. This sounds good.
“Value-add AV & IT distributor”, Northamber (NAR), has announced results for its half-year ended 31st December 2021, and that it remains cautiously optimistic.
Ariana Resources (AAU) has announced an update to the mine development programme, underway at its 23.5% owned Tavsan project, which has helped the shares up to above 4p.
i3 Energy (I3E) has announced that production from Canada is exceeding expectations, and it looks forward to updating the market with results from its active drilling program.
AEX Gold (AEXG) has announced exploration drilling results from its Nalunaq project, which, it emphasises, verify that the Valley Block, unrecognised by previous operators, is a new high-grade zone and supports its 'Dolerite Dyke Model'. This, it says, has been used to predict the location and extent of five new high-grade zones.
Aeorema Communications (AEO) has announced results for its half-year ended 31st December 2021, emphasising its “best interim period on record” and “a strong outlook for the second half”. Sounds good!
Kefi Gold & Copper (KEFI) has emphasised a recent months “improved enormously” security situation in Ethiopia and regulatory and further operational progress in Saudi Arabia mean that it is now well set.
Imperial Brands (IMB) has announced in a trading update “first-half adjusted group operating profit ahead of last year on constant currency basis” and full-year outlook in line with guidance.
As Q1 limps to a close, it is difficult to see clearly through the fog of war. Mindful, doubtless, of the Covid aftermath – which bottomed almost exactly two years ago and led to a spectacular rally in stocks – investors have returned, and the sell-off seems to have petered out.
Shares are now ‘ex-dividend’ for Optibiotix’s ‘ProBiotix Health’ business, which will be spun off onto the AQSE Growth Market – with an associated fundraise – at the end of this month. Additionally, SkinBioTherapeutics (SBTX), in which it has a 20.73% stake, has just announced half-year results – that the market did not like. So, how does the valuation stack up now?
SkinBioTherapeutics (SBTX) has announced results for its half-year ended 31st December 2021 which show revenue of just £21,949, cash £1.5 million lower to £3.2 million and include a warning that full-year forecasts will be materially missed – and the shares have responded down to 35p. But here’s why we retain significant confidence and see this as a buying opportunity. From here this could be a 10 bagger.
Imperial Brands (IMB) has announced an update on its actions and impact of Russia’s invasion of Ukraine, concluding on Russia “an orderly transfer of our business as a going concern would be in the best interests… have begun negotiations with a local third party about a transfer”.
Ariana Resources (AAU) has announced production guidance for 2022 for the joint venture (Ariana 23.5%) Kiziltepe mine in Turkey, looking to add to performance which has consistently been above plan.
OptiBiotix Health (OPTI) has announced that it intends to seek admission of its ProBiotix Health business onto the AQSE Growth Market with an associated fund raise of approximately £2.5 million at an indicative premoney valuation of £22.5 million and a distribution in specie. With, at a 35.5p share price, OptiBiotix as a whole currently capitalised at £31.3 million, is this good news? You bet!
Cybersecurity group Shearwater (SWG) has announced a three-year contract with a global financial organisation, totalling $4.1 million, to provide the customer with security software across the breadth of its operations.
Building services company TClarke (CTO) has announced 2021 results and that it is “winning a wide range of work” across its chosen market sectors, clearly reflected in the strength of its order book.
In January last year we banked a 16 months, 50% gain on RiverFort Global Opportunities (RGO) at 1.20p per share. The shares went on further, to exceed 2p so that sell was premature but you never go bust banking profits! However, despite a successful development of the strategy, the shares are back below our prior sell price. Therefore, there now looks attractive potential again here. Buy again at a 1.1p offer.
Europe’s leading floorcoverings distributor group Headlam Group (HEAD) has announced its results for the 2021 calendar year and said “trading in January and February 2022 in line with plan, with the strong margin performance in 2021 maintained into 2022”.
Fresnillo (FRES) has announced 2021 results and on-going challenges but also confidence in its prospects. Really?
I see that amid some optimism that we might see peace in Ukraine the FTSE 100 is staging a bit of a rally as I write. And with that all sorts of stocks among the small and mid-caps are heading higher. Of course, I pray for peace. If we get it then all stocks will be marked higher but for how long?
H&T Group (HAT) has announced results for the 2021 calendar year and that looking ahead it “is well positioned”. Is it?
Newcastle-upon-Tyne touch sensors manufacturing company Zytronic (ZYT) has announced a trading update including that “revenues for the first five months are approximately 25% ahead year-on-year and we are maintaining operating margins at the improved levels of last year. The order book is 45% ahead of the same period last year”. That sounds good, but what does it mean tangibly?…
Wishbone Gold (WSBN) has announced proposed steps to drilling at its Red Setter project and then at its Cottesloe project, whilst the shares are currently 6.6p to buy.
Asiamet Resources (ARS) has announced a further update on the proposed investment from PT Delta Dunia Makmur Tbk. (DOID), one of the largest mining services company in Indonesia, admitting that the process is taking longer than it hoped but with DOID re-emphasising that it “is working as quickly as possible to finalise its due diligence… remain the largest shareholder in Asiamet and are supportive of the advancement of the company”.
Kefi Gold & Copper (KEFI) has announced that with, over the past two months its Ethiopia security situation having remained stable following abatement of civil war at the end of 2021 and State of Emergency being lifted, it is pleased to announce that development activities at the Tulu Kapi gold project have recommenced. Good news.
Early stage financial services businesses investor B.P. Marsh & Partners (BPM) has announced it has completed a sale of its 77.25% shareholding in Summa Insurance Brokerage for £8.1 million after all associated costs, with also a further £1.5 million in full for its loan, emphasising this “once again demonstrates the success of our investment approach over a number of years”.
OptiBiotix Health (OPTI) has issued a trading update commenting that 2021 “total invoiced sales for the group were £2.2m (2020: £1.5m) an increase of 46.7% on the previous year and in line with market expectations” and including that it “has made good progress against its stated aims of focusing on a smaller number of large partners in key strategic markets and expects to see the benefits of these in 2022 and beyond”. What does that mean at the bottom-line?
Recent Income recommendation Rio Tinto (RIO) has announced record results for 2021 and that it is “targeting disciplined investment in commodities that will see strong demand in the coming decades”.
PGMs tailings materials retreatment company in South Africa Sylvania Platinum (SLP) has announced results for its half-year ended 31st December 2021, noting a net profit of $24.4 million, “cash balance at 31 December 2021 of $110.1 million (HY1 FY2021: $67.1 million)” and that it is expecting second half-year PGM ounce production improvement.
Packaging group Macfarlane (MACF) has announced results for the 2021 calendar year and that 2022 trading in the early months has been “encouraging” and that it is confident it will deliver further growth.
Developer and manufacturer of touch sensors for use with electronic displays in industrial, self-service and public access equipment, Zytronic (ZYT) was a September tip here and a share price fall in the last month has looked harsh to us. The company now clearly seems to think the same.
Tharisa plc (THS) has announced agreements with “BEE shareholders Thari Resources owning 20% and The Tharisa Community Trust owning 6%” to acquire their interests to make a wholly owned subsidiary. What now, with the shares having responded up to 144p to buy?
SkinBioTherapeutics (SBTX) has published a “Business update” announcement including that it has now progressed to the second phase of its AxisBiotix-Ps food supplement for psoriasis product commercialisation strategy and that the SkinBiotix active ingredient project with Sederma is on track. Sounds good!
Can we all agree that the Covid bubble/lets all WFH bubble has burst and also that the tech bubble is bursting. I will write up the top way to cash in on this on the N50 website this weekend. Meanwhile here is some more free money for the bears.
Kazera Global (KZG) has announced that December/January production cycle diamond production has achieved a record of over 1,000 carats, the largest of which is a high value stone of 13ct, and that the Tantalite Valley mine in Namibia is expected to become operational shortly, after which the company will begin exporting commercial quantities of tantalum to its Chinese offtake partner.
Live events company Aeorema Communications (AEO) has announced a “first profitable H1 in a number of years” and that “the prospects for the second half of 2022 remain favourable”. That sounds good to us and the shares have responded up to 75p.
Kefi Gold & Copper (KEFI) has made a Tulu Kapi gold project (TKGM) update including that “the Ethiopian Ministry of Mines has allowed until 8 July 2022 for full project financing and launch commitments to be achieved”. So what of a share price still around 0.70p?
Given the hysteria surrounding the situation in Ukraine over the weekend, the falls in Western-listed Russian names were relatively muted with most being down low single digit percentages on Monday. The exception to this appeared to be FTSE 100 constituent Evraz plc (EVR), the steel producer and coal miner with major operations in Russia and Ukraine. The stock which had closed on Friday at 444p opened at 285p, showing a decline of 159p or 35%. The press was quick to latch on to this “carnage”:
Jadestone Energy (JSE) states that it “is pleased to provide its guidance outlook for 2022”, including noting that it expects to generate material incremental cash at current oil prices and premiums and may consider an increase in shareholder returns through increased dividends and/or share buy-backs later in the year. Sounds good.
BP plc (BP.) has announced fourth quarter and full year 2021 results and argues “strong progress” in its transformation to an ‘integrated energy company’.
Ariana Resources (AAU) says that it is pleased to announce a 19% increase in Kiziltepe sector (Ariana – 23.5%) gold resource over the previous (2020) undepleted mineral resource estimate and that this shows the potential here. AIM companies though always say they are pleased to announce basically anything, so should Ariana really be pleased?
OptiBiotix Health (OPTI) has made what it describes as a “Commercial and strategy update”, including arguing “look forward with confidence to further commercial progress of the group in the current year and beyond”. What does that though mean tangibly?
In our October tip of the month, we noted on Coral Products (CRU) its acquisition of Customised Packaging Limited, a plastic products producer using sheet extrusion technology and vacuum forming capabilities. Coral has now announced it will be paying an earn-out consideration to the vendors of Customised Packaging.
Jubilee Metals (JLP) states that it “is pleased to announce its unaudited operational results for the six months to 31 December 2021” and that it looks forward to “the next six months with the full impact of the Inyoni facility being felt, as well as the targeted ramp-up at Roan enabling us to take another major step in our commitment to achieve annual copper production of 25 000 tonnes”. So what of a current 16.3p share price, £396 million market capitalisation?
AltynGold (ALTN) has made a “4th Quarter results” announcement and states that it is “positive that we will deliver even better numbers in the coming year”. So what’s the detail?…
Sylvania Platinum (SLP) has announced results for its quarter ended 31st December 2021, including cash of $110.1 million and “significant progress in terms of access to additional chrome tailings resources at both the Eastern and Western Operations”.
UK North Sea and Malaysia hydrocarbon producer EnQuest (ENQ) has published an Operations update, noting that it delivered free cash flow of around $395 million in 2021 with a realised price of c.$69/bbl, resulting in a stronger balance sheet with net debt reduced to $1,222 million and that net production averaged 50,810 Boepd last month. Good news? You bet.
Sports, leisure and mobility equipment group Tandem (TND) has announced “FY21 profit before tax expected to be well ahead of the prior year and slightly ahead of the current market expectations” and that its order book “remains materially ahead of the comparative position in the prior year”.
Staffing group Impellam (IPEL) has announced it has agreed to sell its US-based light industrial business Corestaff for $19 million (approx. £14 million) to US private digital staffing company Swipejobs and is to subsequently pay down net debt and fund additional investment.
This has been a very good share tip for our readers but there is more to come. Jadestone Energy (JSE) has announced that “2021 production averaged 12,545 boe/d, in line with expectations” and “cash balances at the end of the year are estimated at US$117.4 million, representing an increase of 30% year-on-year, even after the largest spending programme in the company’s history”. This sounds encouraging.
Mobile data computing services provider to industry Touchstar (TST) has announced “the unaudited full year outcome for FY21 is above market expectations in terms of profitability and cash generation” and that it believes “the rate of growth in revenue and EBITDA will accelerate in 2022 driving further substantial improvement in financial performance”. Good news.
Lucian Miers and myself have repeatedly called out Cineworld (CINE) as a compelling short and those who have followed our calls have prospered. But the FT, the home of almost every wrong call in history from backing the UK joining the Euro to selling its gold in 1997, runs a story “Cineworld debt pile set to save cinema operator from bankruptcy.” You might think this is a reason to buy. Au contaire. A resting banksta writes to me to explain.
Broadcast and streaming service markets technology group Pebble Beach Systems (PEB) has announced that it “expects to report results ahead of market expectations for the full year 2021” and “underlying order growth was circa 17%, with H2 14% higher than H1”. This sounds like good news although the shares at a 12.5p offer are unchnaged on our original share tip of four months ago. For now!
Seed Innovations (SEED) has noted an announcement from portfolio company Little Green Pharma (ASX:LGP) emphasising “record quarterly revenue and cash-receipts, with ~$3.7 million revenue (unaudited) and $4.9 million in cash receipts” and that it is looking forward to a positive 2022 from Little Green Pharma with further progress and news flow.
Gold producer in the Philippines, Metals Exploration (MTL) has announced its fourth quarter and full-year 2021 performance and noted guidance for the current year.
Components and (currently) Packaging and Filters company Essentra (ESNT) has announced fourth quarter like-for-like revenue up 12.7% on the prior year (+11.1% v. Q4 2019) and that it “expects to deliver FY 2021 operating profit in the range of analysts’ forecasts” (£80.7m-£84.3m) and “order book trends remain strong”. The shares are now 340p, a just shy of £1 billion market cap, but is there still further to go here?
Shares in cyber security group Shearwater (SWG) are down from more than 200p reached early last summer and more than 140p as recently as November to currently 99p to buy. There is clear trading expectations risk, but also reasons for optimism that the shares will spark again and they now look a risk/reward Buy.
October share tip at a 279p offer price, UK pawnbroking group H&T (HAT) has announced that “trading performance during the second half remained consistently strong and the group expects to report profit before tax for the full year within the range of current market expectations”.
If the share price of a company is in sharp decline and the CEO walks it is for one of two reasons and neither is good. It could be that the CEO knows that things can only get worse and wants to put as much clear blue water between him and a ship that is bound to sink. Or the rest of the board know that stakeholders will only do what is needed to try to keep the ship afloat if there is a change of captain, it is an admission that the ship is in deep trouble. Either way it is always a sign to sell or short or add to shorts and that brings me to Omega Diagnostics (ODX) where I have been a long term bear.
Centamin (CEY) has announced “the final quarter delivered what was a highly successful 2021” and that it is now looking forward to delivering on a clear roadmap to growing and unlocking further value from the Sukari gold mine in Egypt and its exploration portfolio. The shares have responded up to 93.425p and look to have much further to go.
OptiBiotix Health (OPTI) was one of our tips of the year, with we anticipating financial progress as its deals for its compounds expand and further deals kick-in. It has now announced that a further human volunteer study on its cholesterol-reducing probiotic LPLDL - on a different population group of hypercholesterolemic adults – has shown “at six weeks, when volunteers taking placebo were compared to those taking LPLDL, there were statistically significant changes to clinically important cardiovascular risk”, including “34.2% reduction in total cholesterol (p=0.001)”.
One of the three HotStockRockets tips of the year 2022, Asiamet Resources (ARS) now emphasises “Stunning High Grade Drill Results Expand BKZ” and the shares have responded up to 2.785p, but there looks more to come.
Following recently a shareholding transaction in an investee company further suggesting value, B.P. Marsh & Partners (BPM) has now announced another deal suggesting the same.
Anglo Asian Mining (AAZ) has published a fourth quarter update, including noting an underway technical study to determine the commercial viability of adding to its production from an existing underground mine, Vejnaly, in the second half of this year.
PGMs and chrome producer in South Africa Tharisa (THS) has updated on its quarter ended 31st December 2021, including that “we remain firmly on track to deliver, and hopefully exceed, our stated guidance of 165 koz to 175 koz PGMs and 1.75 Mt to 1.85 Mt of chrome concentrates in the current financial year”.
Kefi Gold & Copper (KEFI) states it “is pleased to provide its latest quarterly operational update”. Should it be though with long-suffering shareholders faced with a still below 0.80p share price?
Shares in The Hut Group, THG plc (THG), listed at 500p in September 2020, then zoomed to 800p but now trade below 200p. Even so this business is still valued by the market at £2.2 billion.
Yet againt, the Tips of the Year are the 18 most-read articles last week. The most-read non-Tom, non tip-of-the-year is Why Red Rock should be Tom’s tip of the year by Andrew Bell. It was not Tom’s tip of the year.
We tipped this as our December tip of the month at a 69p offer price. The shares are now 75p offer but still offer value. We noted, a couple of weeks ago:
Red Rock Resources (RRR) announced results for its year ended 30th June 2021 in the ‘no-one-watching-week’ between Christmas and the new year. The shares have though responded up.
Between Boxing Day and January 3 all of our writers will be serving up their share tips of the year for 2022 – and now a new occassional contributor has stepped up to the plate so that will be 24 tips. The final article in our series is a SELL from myself, Tom Winnifrith.
Between Boxing Day and January 3 all of our writers will be serving up their share tips of the year for 2022 – and now a new occassional contributor has stepped up to the plate so that will be 24 tips. Twenty third in our series is a BUY from Darren Atwater. Over to our man in the socialist sink hole that is Canada who has taken time out from striking in protest at the oppression of vegan members of the LGBTQ+ Innuit community to serve up this…
Between Boxing Day and January 3 all of our writers will be serving up their share tips of the year for 2022 – and now a new occassional contributor has stepped up to the plate so that will be 24 tips. Twenty first in our series is a BUY from Darren Atwater.
Right off the bat, the Tips of the Year are the 18 most-read articles last week. The most-read non-Tom, non tip-of-the-year is Revisiting My 2021 Share Tips of the Year which seems similar but is different because it’s all about Nigel Somerville revisiting his own tips. Hmm, that does seem similar. So, let’s give it to Festive Break: The view from ShareProphets’ Readers’ Windows – Stephen has exceeded the assignment from Kiuruvesi, Finland which is by me. That feels right.
Between Boxing Day and January 3 all of our writers will be serving up their share tips of the year for 2022 – and now a new occassional contributor has stepped up to the plate so that will be 24 tips. Twentieth in our series is a SELL from myself, Tom Winnifrith.
Between Boxing Day and January 3 all of our writers will be serving up their share tips of the year for 2022 – and now a new occassional contributor has stepped up to the plate so that will be 24 tips. Nineteenth in our series is a BUY from Steve Moore, Over to a very hungover young Steve…
Between Boxing Day and January 3 all of our writers will be serving up their share tips of the year for 2022 – and now a new occassional contributor has stepped up to the plate so that will be 24 tips. Eighteenth in our series is a BUY from myself, Tom Winnifrith.
Between Boxing Day and January 3 all of our writers will be serving up their share tips of the year for 2022 – and now a new occassional contributor has stepped up to the plate so that will be 24 tips. Seventeenth in our series is a BUY from Nigel Somerville. Over to the Deputy Sheriff of AIM…
Between Boxing Day and January 3 all of our writers will be serving up their share tips of the year for 2022 – and now a new occassional contributor has stepped up to the plate so that will be 24 tips. Sixteenth in our series is a BUY from Steve Moore. Over to young Steve…
Between Boxing Day and January 3 all of our writers will be serving up their share tips of the year for 2022 – and now a new occassional contributor has stepped up to the plate so that will be 24 tips. Fifteenth in our series is a Sell from Lucian Miers. Over to the Bard of the Boleyn…
Between Boxing Day and January 3 all of our writers will be serving up their share tips of the year for 2022 – and now a new occassional contributor has stepped up to the plate so that will be 24 tips. Fourteenth in our series is a BUY from Peter Brailey. He writes in his inimitable and semi-literate fashion:
Between Boxing Day and January 3 all of our writers will be serving up their share tips of the year for 2022 – and now a new occassional contributor has stepped up to the plate so that will be 24 tips. Thirteenth in our series is a BUY from Tim Blackstone. Tim writes:
Between Boxing Day and January 3 all of our writers will be serving up their share tips of the year for 2022 – and now a new occassional contributor has stepped up to the plate so that will be 24 tips. Twelfth in our series is a BUY from Gary Newman.
Between Boxing Day and January 3 all of our writers will be serving up their share tips of the year for 2022 – and now a new occassional contributor has stepped up to the plate so that will be 24 tips. Eleventh in our series is a BUY from Malcolm Stacey.
Between Boxing Day and January 3 all of our writers will be serving up their share tips of the year for 2022 – and now a new occassional contributor has stepped up to the plate so that will be 24 tips. Tenth in our series is a BUY from Tim Blackstone.
Between now and January 3 all of our writers will be serving up their share tips of the year for 2022. Ninth in our series is a BUY from myself, Tom Winnifrith. Don’t laugh but…
Between now and January 3 all of our writers will be serving up their share tips of the year for 2022. Eighth in our series is a SELL from Evil Banksta. The great bear writes a damning expose of a large cap AIM darling bring new red flags aplenty to the party. :
AEX Gold (AEXG) has announced that it “is pleased to provide shareholders with an end of year update”, with it noting a revised mine plan will be driven by drilling results in the Valley Block where the early signs are “very encouraging”.
Specialist investor in early stage financial services businesses B.P. Marsh & Partners (BPM) has announced it has sold its stake in UK Courier and Taxi fleet motor insurance specialising business Walsingham (WMIL), emphasising the transaction is another example of it being able to identify niche opportunities to back successful management teams and to successfully realise value for shareholders.
Between now and January 3 all of our writers will be serving up their share tips of the year for 2022. Sixth in our series is a BUY from Chris Bailey. Three brains writes:
Between now and January 3 all of our writers will be serving up their share tips of the year for 2022. Fifth in our series is a BUY from Gary Newman. The great angler writes:
Between now and January 3 all of our writers will be serving up their share tips of the year for 2022. We start the series with a BUY from Peter Brailey. We can safely say that it is not Union Jack Oil (UJO).
Real Estate & Built Environment recruitment company Prime People (PRP) has announced proposed cancellation of its stock market listing, with the directors shareholdings representing approximately 56.1% of the share capital.
OptiBiotix Health (OPTI) has followed a sales agreement with Apollo Hospitals Enterprises for its GoFigure weight management product range in India with an agreement for GoFigure and SlimBiome Medical in Saudi Arabia (KSA). Is this further encouraging progress or just more flannel?
Video streaming technology company Aferian (AFRN) has announced year ended 30th November 2021 performance “ahead of the prior year, and in line with board expectations” and confidence looking ahead including increased exit run rate annual recurring revenue of approximately $15 million and further visibility as customers place orders up to 60 weeks in advance in response to extended lead times in the supply chain.
Fox Marble (FOX) has recently announced a fundraising and that it is “optimistic that 2022 will prove to be a turning point for the company”. Bothstatements have akind of familiar ring to them but are there solid grounds for optimism now?
Jadestone Energy (JSE) has announced that 2021 average annual production is expected to be around the midpoint of the 11,500-13,500 boe/d guidance range and that it “now expect to reap the benefits of higher production and attractive pricing, given ongoing oil price strength, our unhedged position and recent improvements in the Tapis differential”.
I trust that numerous warnings from myself and Lucian have allowed you to make good money from shorting Cineworld (CINE) all the way down. The shares have collapsed this week on news that it has lost a Canadian court case and is on the hook for C$1.23 billion but that merely accelerates the end game here. Do not even think of closing your short at 31p. My target is buttons. Post an inevitable debt for equity swap and bailout placing this is a penny share.
An already widespread virus mutating to what is being seen clinically as “extremely mild cases”. Not bad news then… except in Airstrip One – and a resultant very negative stock market reaction. However government response madness is gradually being revealed and travel and leisure should resultantly gradually recover, though some share prices here remain depressed. Opportunity?…
Amongst the travel and leisure shares having fallen as covid variant from Africa fears abounded the stock market is building services company, with key sectors of Infrastructure, Residential & Hotels, Engineering services, Technologies and Facilities Management, TClarke (CTO). However, a recent trading statement from the company actually provides significant confidence and, as Tom argues here, the hard facts behind the Botswana variant should not be a game changer.
Packaging company DS Smith (SMDS) has announced results for its half-year ended 31st October 2021 and that it has “confidence to deliver a significant improvement in profitability during the second half of this year” following an increased pre-tax profit to £175 million in the first half.
Touch sensors manufacturing company Zytronic (ZYT) has announced results for its year ended 30th September 2021 and noted “the basis for good progress in the coming year”.
Previously writing on Essentra (ESNT) we noted ‘Q3 update, adds corporate excitement potential’ with the company “reviewing the full range of strategic options for the Filters business” with it aiming to become a pure play Components business over time, targeting strategic focus and an acceleration of organic and inorganic growth. Now a further “Strategic Update” and a “Directorate Change”.
Ariana Resources (AAU) has announced mineral resource updates for Kokkinoyia and Apliki in Cyprus, emphasising the former “contains a substantial tonnage of mineralised material across several domains beyond what was already understood from the historical work” and that it will now be looking into the potential to integrate a part of Kokkinoyia with the planned Apliki copper mine development project.
PGMs and chrome concentrates producer in South Africa Tharisa (THS) has announced results for its year ended 30th September 2021 and “FY2022 production guidance of between 165 koz and 175 koz PGMs (6E basis) and 1.75 Mt and 1.85 Mt of chrome concentrates” – further increases on the year just ended.
Equipment rental company Vp plc (VP.) has announced results for its half-year ended 30th September 2021 emphasising “a strong and continuing recovery in all of our businesses”. This sounds encouraging.
Evil Knievil: “the best time to kick a man is when he is down.” The great bear raider is correct, especially in these crazy times when so many frauds or near bankrupts seem able to defy gravity as the believers still belief and continue to BOTFD, so providing share price support. But in some cases even the believers are starting to smell the coffee.
Plastic products company Coral Products (CRU) has announced its results for its half-year ended 31st October 2021 and that it “remains confident of the group’s future prospects”. This sounds encouraging.
SkinBioTherapeutics (SBTX) has announced results for its year ended 30th June 2021 emphasising “transformational” progress. So what is this?
Packaging group Macfarlane (MACF) has published a trading update including news that it “now expects the group will exceed its previous expectations for the full year”. Sounds good!
Kefi Gold & Copper (KEFI) has made an “operational update” including that preparations continue for Tulu Kapi gold project launch with focus on satisfying all technical conditions by the end of January and preparing the community and that it is on track to update and upgrade the Mineral Resource Estimate at the Hawiah copper-gold project before the end of this year.
OptiBiotix Health (OPTI) has announced the launch of a new sports nutrition product range, LeanBiome, with a supply & licensing agreement with “a leading global player in beauty & nutrition”. What of a current share price response up to 42.5p?
Horizonte Minerals (HZM) has announced it has raised £147.4 million (approx. $197 million) at 7p per share and an open offer for up to $8 million as part of a $633 million funding package which is expected to complete the funding required for the construction of the Araguaia nickel project in Brazil.
AEX Gold (AEXG) has announced third quarter results and an update including that a Nalunaq project engineering study is on track to be completed by the end of the year and that it is extremely excited by the wider exploration potential of its assets and looks forward to also being able to demonstrate the potential value of its non-gold, strategic mineral assets in due course.
UK technology consultancy group Triad (TRD) announced results for its half year ended 30th September 2021 this month. The shares were 120p before the announcement and are currently available at 120p to buy. We believe the announcement though greatly encourages for the future.
Describing itself as a “value-add AV & IT distributor” to resellers, Northamber plc (NAR) has announced results for its year ended 30th June 2021 showing a post-tax profit of £0.337 million and a proposed dividend per share of 0.4p. However, the shares are up to 62p, a £16.9 million market cap…but there looks significant further value potential.
Atalaya Mining (ATYM) states it is pleased to announce its quarterly and nine-month results for the period ended 30th September 2021, with it emphasising “another strong quarter… robust operational performance, combined with strong copper prices, has seen our EBITDA for the first nine months of 2021 more than triple from the amount generated during the same period of 2020”. So what of a now more than 400p share price?
Coral Products (CRU) has announced the completion of sale of its freehold premises in Haydock and that net proceeds of £3.5 million have been received. This has helped the shares up to 15.5p, but still the proceeds are quite material to a £12.5 million market capitalisation.
Seed Innovations (SEED) has announced a further investment in Leap Gaming and noted it anticipates positive news flow and corporate development from it into 2022.
Recruitment company with a focus on the real estate & built environment sectors Prime People (PRP) has announced its results for its half-year ended 30th September 2021 and that it believes it is well positioned to further respond quickly as markets strengthen. We are ahead on this share tip but is there more to come? You bet!
Wishbone Gold (WSBN) has announced the completion of the acquisition of the Cottesloe project and that drilling preparations are underway at the Red Setter project.
Pharos Energy (PHAR) has announced completion of an infill development drilling programme in TGT field, Vietnam, noting “all four wells testing at rates in line with or ahead of pre-drill expectations” but also that a compressor issue is being investigated. So what’s the net result?
Kefi Gold & Copper (KEFI) has said that the security situation has improved enough for it to re-start preparations for project launch at the Tulu Kapi gold project in Ethiopia. The shares have responded up to 1p to buy but there should be much more to go. Ceteris paribus we see the shares at 3p+ very soon.
Imperial Brands (IMB) has announced results for its year ended 30th September 2021, emphasising “operational improvements supporting growth in net revenue, profit and free cash flow”.
Red Rock Resources (RRR) has announced on its Democratic Republic of Congo interests that it looks forward to further exploration activity after it gets results from a last batch of Luanshimba project (Red Rock 80%) drill samples, that it is investigating cobalt-copper and lithium co-operations and that “recent legal proceedings have been instituted by the company’s local partner, VUP SA, which relate to the project assets” (VUP project – Red Rock 50.1%). After speaking to boss Andrew Bell, the latter is potentially very interesting.
Having been falling from early this month, shares in SkinBioTherapeutics (SBTX) are currently further lower after it announced “OptiBiotix Health Plc has placed 3,636,363 ordinary shares in SkinBioTherapeutics with new and existing institutional investors at a price of 55 pence per share”. With SkinBioTherapeutics CEO Stuart Ashman though arguing “the company is going from strength to strength” and “it is important to attract new investors who are keen to come on board to support us in the next stage of the company’s development, as a commercial entity”, why the further share price fall?
Pharos Energy (PHAR) has announced that “the TGT infill development drilling programme has safely completed ahead of schedule and well within budget”, with a fourth well presently being completed before being perforated and brought onto production to add to three wells already on production.
Castillo Copper (CCZ) states that it “is pleased to provide an update on the company’s copper and lithium assets” and the shares have responded higher above 2p and an approx. £27 million market cap. So what’s the news and where to next for the shares?
‘The best time to kick a man is when he is down’ is a quote from my friend the bear raider Simon Cawkwell, aka Evil Knievil. It is not a reference to individuals who have fallen on bad times for Cawkwell is, sometimes, not that uncharitable, but to shares in companies hitting new lows.
Until recently the playbook for activist short sellers was relatively straightforward. You spend a lot of time and money researching your target. You write a punchy report explaining your thesis in a manner designed to persuade even the most mentally challenged fund manager that they are holding a ticking bomb. You release your report at a time of your choosing and in the resulting share price fall you maybe take a bit off the table to cover your costs. If the report is well researched, accurate, and compelling, it is a reasonable and, in my view, perfectly respectable way of making a living which is beneficial to the integrity of the market in an age where regulators and enforcement agencies are greatly enfeebled.
BP (BP.) has announced third quarter of the year results, emphasising it is delivering significant cash to strengthen finances, growing distributions to shareholders and investing in strategic transformation.
Shares in injection moulded plastic products company Coral Products (CRU) are still around the price they were at before an AGM trading statement despite the statement including that it “has enjoyed a very strong first half to our current financial period. The group will report sales and profits before tax substantially ahead of the same period for last year”. This suggests a buying opportunity.
Asiamet Resources (ARS) has made a “Strategic Partner Secured for BKM Copper Project”-titled announcement. A good deal with the shares currently at 2.45p?
Recommended at a 282.5p offer price in August, shares in Essentra (ESNT) are currently up to 289p on the back of a “Strategic Update and Q3 2021 Trading”-titled announcement. Good news.