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Stanley Gibbons – Guernsey investment division administration

Published 26 days ago

The recent history of Stanley Gibbons Group (SGI) together with a 12:15pm “Update” announcement don’t suggest good news… and the news is its Guernsey investment division has appointed administrators…

LightwaveRF – why’s new route to market news really so “fantastic to confirm”?

Published 59 days ago

LightwaveRF (LWRF) has announced “its next generation Apple HomeKit certified product range, for controlling smart devices with iOS apps and Siri voice commands, is now available to purchase via the Apple Online Store”, with CEO Andrew Pearson stating this “fantastic to confirm”. I bet it is…

Ubisense – placing, more to support growth plans or needed to strengthen the balance sheet?

Published 60 days ago

Arguing it is positioning “to capitalize on significant projected increases in spending” as suggested by it having “reported a strong set of financial results for the six months ended 30 June 2017”, Ubisense (UBI) “is pleased to announce it has raised £5.5 million (before expenses) from a placing in order to support growth plans and strengthen its balance sheet”. Hmmm, let’s review…

Premier Veterinary Group – narrower focus of resources in the US, wonder why?

Published 61 days ago

A March AGM update saw Premier Veterinary Group (PVG) “confident in the prospects for the US business and has agreed to significantly increase PVG's investment commitment in the current financial year in the US”. An update today includes a narrower focus of resources in the US “until such time that the changes the group is implementing to improve sign up rates take effect and are sustained”. And there’s worse…

Augean – “Board Changes and Trading Update”; as suggested, it has got worse

Published 63 days ago

Writing on waste management group Augean (AUG) previously in August, I stated harmed by HMRC assessment… and worse to come? Well, there is now a “Board Changes and Trading Update” announcement…

Mirada – shares soar on contract win, but what about that financing needed?

Published 73 days ago

Shares in Mirada (MIRA) are currently soaring from just above 1p on the back of a “New Contract Win” announcement. Hang on though, isn’t there currently financing needs by this company?...

LightwaveRF – trading statement emphasises top-line growth, but why no update on cash?

Published 74 days ago

LightwaveRF (LWRF) commences a trading update for its year ended 30th September 2017 with that “the company anticipates that revenue will have more than doubled from the prior year (2016: £1.44m). Gross margin is also expected to have materially increased (2016: 32.5%)”. However, the shares have currently responded slightly lower to 23.5p…

Immedia – as shares slump on interims, argues “well positioned”. Really?

Published 81 days ago

Immedia (IME), which describes itself as “a supplier of multi-media content and digital audience engagement solutions for leading brands and global businesses” (i.e. it supplies audio visuals and data analytics) emphasises in results for the first half of 2017 that “the board remains confident that the outlook for the group is positive”. However, the shares are currently down 16% on the day to 21p…

HaloSource – shares soar on water bottle agreement, turnaround time for this Woodford dog then? Er…

Published 86 days ago

Shares in HaloSource (HALO) are currently around 20% ahead on the day, heading towards 2p, on the back of an “Agreement with Seven Step Ecotech” announcement. Turnaround time for this Woodford dog then? Er…

Real Good Food – attempted no-one watching o’clock “Company Update”, surely not yet more real bad news?

Published 87 days ago

With its shares having slumped from 35p following recent real bad news and disclosure, yesterday saw an attempted no-one watching o’clock (5:01pm) “Company Update” from Real Good Food (RGD). Uh oh…

Proxama – interims argue “exciting times ahead”. Are there?

Published 90 days ago

Self-described “leading mobile location and data intelligence expert” Proxama (PROX) “is pleased to announce its half year results for the six months ended 30 June 2017 and a trading update”. The shares though remain depressed at little more than 0.03p…

CyanConnode – another set of results, ANOTHER placing!

Published 93 days ago

CyanConnode (CYAN) has announced results for the first half of 2017, including “we are delighted with the progress made during the period”. Good, good. Oh what? Already down from above 0.20p at the start of the year, the shares further lower at 0.16p? Hmmm…

Tungsten Corp – AGM update, EBITDA breakeven ‘remains goal’. Who’s paying for the capex? The tooth fairy?

Published 94 days ago

Shares in Tungsten Corp (TUNG) are currently edging higher, above 60p, on the back of an AGM trading update – this though comparing to above 70p as recently as June and approaching 400p in 2014…

Real Good Food – further detail on previously undisclosed boardroom payments, you couldn’t make this up!

Published 94 days ago

With I having previously noted real bad news & disclosure, a real disgrace and new management have much to do, there is today from Real Good Food (RGD) a “Historical related party transactions” announcement of “the amounts of previously undisclosed consultancy payments and previously undisclosed director fees made”

Epwin – a half-year results further profit warning

Published 96 days ago

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

HaloSource – Woodford dog barks “very pleased with the progress”… but then admits it’s set to be cash crunch ahoy AGAIN!

Published 97 days ago

HaloSource (HALO) is “very pleased with the progress we have made with our newly executed all Drinking Water business strategy”. Good, good – this results statement for the first half of 2017 should be encouraging then…

LightwaveRF – UK Distribution Agreement announcement, but a ‘dump’ on the way?

Published 97 days ago

An “Expanded UK Distribution Agreement” announcement from LightwaveRF (LWRF) – and the shares currently approaching 10% higher in response, to 28p. Let’s take a look…

Real Good Food – more Real Bad News...

Published 111 days ago

“Company Update” announcement from Real Good Food (RGD) commences; “The company announced on 1 August 2017 that it anticipated EBITDA for the year ended 31 March 2017 would be lower than market expectations at approximately £2.0m, subject to final audit. Since the announcement of 1 August, a review has been undertaken, under the guidance of the company's new Finance Director”… Uh oh…

DX Group – following reverse takeover discussions being terminated, shares now resume (downwards)…

Published 119 days ago

Shares in parcels, mail and logistics group DX (DX.) have returned from suspension of trading today – and are currently more than 10% lower at 8.5p…

Imaginatik – full-year results, “a year of good progress”. Really?

Published 132 days ago

Innovation technology and consulting company Imaginatik (IMTK) has announced results for its year ended 31st March 2017, arguing “a year of good progress as we continue to position the business to capitalise on the growing market opportunity available”. The shares though are at a depressed 2p, so what’s the story?...

Proxama – claims now “well positioned”… but has to scramble around to reach even minimum requirement of fundraising

Published 146 days ago

Last writing on Proxama (PROX) I noted new agreement announcements now being seen through – and the shares are currently lower today on the back of “Result of Open Offer” and General Meeting updates…

MediaZest – “Project Completion” update, what about some insight on results for a year finished approaching four months ago?

Published 150 days ago

“Project Completion” announcement from MediaZest (MDZ) – a company with an end-March year-end but whose two previous announcements thus far in 2017, a 3rd March “New Business Update” and 8th May “Significant Project Completion” included no update on overall financial performance. Surely something now then, approaching four months after the year-end…

Proxama – new agreement announcements now being seen through?

Published 154 days ago

Proxama (PROX) has announced an “important” partnership agreement with Rail Delivery Group, a group which brings together train operators and Network Rail. The shares have currently though responded to see them amongst the biggest fallers on the day…

Proxama – amidst current attempted confetti issuance extraordinaire, “pleased to announce”…

Published 157 days ago

Shares in Proxama (PROX) currently feature on today’s top gainers list on the back of a “Contract Renewal” announcement. Hmmm, what’s the detail here?...

Imaginatik – “pleased to announce” open offer result. Really?

Published 164 days ago

Previously writing on Imaginatik (IMTK) in April, I questioned the progress being made and attempted discounted fundraising ahoy? Last month there was a “Placing and Open Offer to raise up to £1.9 million” announcement and this week a “Result of Open Offer” announcement...

Fairpoint Group – accounts delayed, shares suspended. A fair point towards disaster?

Published 172 days ago

Updating towards the end of March, Fairpoint Group (FRP) stated “the audit of the 2016 results is expected to complete in April”. Towards the end of April, it then updated that results “will be announced mid-May”, then on 24th May that it then expected to announce in June. Now, the shares have been suspended as the company “will not be in a position” to publish its annual report and accounts in the six months from year-end it has under AIM rules – and it gets still worse…

Nature Group – as I warned; without additional material contracts in the short term, it’s cash crunch ahoy!

Published 173 days ago

On 31st May-announced results from port reception facilities and waste treatment group Nature (NGR), I noted having previously warned on the shares in January as they jumped above 12p, they down, heading towards 8p, as clearly material improvement in performance is needed otherwise it’ll soon be cash crunch ahoy. Bargepole. The shares are currently further significantly lower today, heading towards 4p, on the back of an AGM statement… which warns of cash crunch ahoy!...

HaloSource – Woodford dog bailed out by few friends it has left, will the end still be the same though?

Published 180 days ago

HaloSource (HALO) “is pleased to confirm that the company has raised approximately £1.8 million ($2.2 million) through the issue of an aggregate of 117,692,560 new common shares to new and existing investors at a price of 1.5 pence per new common share”. I bet it is…

Torotrak – value destruction-enforced General Meeting held. Reckons “no further action” necessary. Hmmm…

Published 200 days ago

“S656 General Meeting Update” from Torotrak (TRK). But it doesn’t seem to have released the results for its year ended 31st March 2017 as yet?…

Nature Group – 2016 results make clear material improvement needed otherwise it’ll soon be cash crunch ahoy!

Published 201 days ago

Having most recently warned on shares in Nature Group (NGR) in January as they jumped above 12p, I note they currently down 12% today, heading towards 8p, on the back of the company’s 2016 results announcement…

21st Century Technology – from “good” recent progress in December, to now-stated “poor” second half 2016 financial performance!

Published 206 days ago

Fleet and passenger systems company 21st Century Technology (C21) has, tardily, announced results for the 2016 calendar year, though with CEO Russ Singleton emphasising “we made real strides last year with major framework renewals, organisational restructuring and innovative new sales”. Sounds promising. However...

Proxama – not just “New Contracts”, but new “revenue generating contracts”. Ooooh…

Published 206 days ago

Having recently concluded on Proxama (PROX), the explicit inclusion of “should it require further working capital” suggests to me it very much will, I note an announcement today that the company “is pleased to announce four revenue generating contracts for its Proximity Marketing and Data Division”“Revenue generating” rather than any useful financial information hey? And an ‘RNS Reach’ (i.e. not regulatorily significant) announcement hey? Ramptastic!...

Tungsten Corp – CEO Hurwitz claims “remarkable headway in fiscal '17”, so why are the shares lower?

Published 207 days ago

“Pre-close FY17 Trading Update” announcement from Tungsten Corp (TUNG) sees CEO Rick Hurwitz claiming “Tungsten made remarkable headway in fiscal '17”. With the shares responding, er, more than 3% lower to 66.25p, the following reviews...

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

Published 210 days ago

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…

LightwaveRF – “Google Assistant voice control” ramparoonie

Published 213 days ago

Shares in LightwaveRF (LWRF) are currently circa 65% higher on the day, above 25p, on the back of a “Launch of Google Assistant voice control”-entitled ramparoonie (Oops) RNS announcement...

Proxama – having spent “throughout 2016” trying to sell Digital Payments division, now asks us to believe it’s “the best owner” after all!

Published 214 days ago

Proxama (PROX), 13th December 2016: “We have been reviewing various options throughout 2016 to sell the Digital Payments division with a priority being to maximise shareholder value… The company remains committed to the sale and we believe that it will be completed”Today: “the board has concluded that we remain the best owner for Digital Payments division… retaining this division as part of the group, with an updated strategy”. Haha – so having spent “throughout 2016” trying to sell the business and stating it “committed to the sale”, we’re now asked to believe that the company is actually “the best owner” for the business after all!?!...

21st Century Technology – “Contract Win” & “Directorate Change” announcements, but what about the financial position?

Published 216 days ago

I previously commented on 21st Century Technology (C21) “having admitted ‘liquidity issues’, it’s expensive debt ahoy (it hopes!)”. The company has today made “Contract Win” and “Directorate Change” announcements…

Ncondezi Energy – funding desperation continues, contention for AIM’s most expensive loan?

Published 221 days ago

Shares in Ncondezi Energy (NCCL) are currently more than 30% lower on the day, at around 2p, on the back of a “Project and Funding Update”

Cogenpower – from AIM listing to working capital “constrained” & auditor resignation in 15 months

Published 222 days ago

12th February 2016: “Our admission to AIM comes at an exciting point in the company's development and marks an important step in Cogenpower (CGP)'s evolution to becoming a leading low-carbon energy business for urban communities”3rd May 2017: “Working Capital and Operational Update”10th May 2017: “Resignation of auditor”. Uh oh…

MediaZest – “Significant Project Completion” ramparoonie (Oops, sorry) ‘announcement’

Published 223 days ago

“Significant Project Completion” announcement sees shares in MediaZest (MDZ) currently around 30% higher on the day. Oh, it’s a “Non-regulatory”, RNS Reach ramparoonie (Oops, sorry) ‘announcement’…

Goodbye jam-tomorrow entity Fitbug Holdings Plc. Hello, er, jam-tomorrow entity, Kin Group Plc

Published 226 days ago

Fitbug Holdings (FITB) has updated that all resolutions were passed at its AGM today – including meaning it’s soon goodbye the jam-tomorrow entity that is Fitbug Holdings Plc and hello a, er, jam-tomorrow entity that is to be Kin Group Plc...

Torotrak – you couldn’t make it up, value destruction so bad that now a General Meeting is required!

Published 228 days ago

An announcement from Torotrak (TRK) entitled “Section 656 of the Companies Act 2006”. Hmmm, given the record here, I guessed this wasn’t good news… It ain’t…

NCC Group – "Trading update", adjusted EBITDA ‘in line with expectations’. Hmmm…

Published 235 days ago

“Trading update” announcement from NCC Group (NCC) opens with that “the group continues to trade in line with the board's expectations for full year Adjusted EBITDA, as announced on 21 February 2017”. Hmmm, adjusted EBITDA you say and what was that announced on 21st February?...

Imaginatik – trading update, ‘considering the cash options available’. Uh oh…

Published 235 days ago

Having questioned at the weekend what’s with the radio silence, Tuesday saw Imaginatik (IMTK) provide “an update on trading for the year ended 31 March 2017”...

Imaginatik – what’s with the radio silence?

Published 239 days ago

I previously updated on Imaginatik (IMTK) following results for its half year ended 30th September 2016. Those showed further underlying cash burn seeing cash to a low level, though noted recent improvement. However, I noted the company also stating it was now further “investing in our sales and marketing resources and technology suite”. Having released trading updates on 9th March 2016, 11th February 2015 and 14th April 2014, what about this year?...

Fitbug – shares up on another RNS Reach announcement, but complete ramparoonies now limited?

Published 250 days ago

In a “non-regulatory RNS Reach communication”, Fitbug (FITB) “is pleased to announce a customer renewal for wellbeing services with a large financial institution”. Wow, a renewal hey – this following recently announced 2016 results showing a more than £3 million net cash outflow before new financing on reduced revenue of £1.1 million

Grafenia – updates on “strong” print revenues & results “in line”, so why are the shares still depressed?

Published 251 days ago

Grafenia (GRA) has updated that “revenues from print in March were strong, significantly ahead of both our internal budget and the same period last year” and that “the board expects full year results to be in line with revised market expectations for revenue, EBITDA and net cash” - yet the shares presently remain at a depressed 6.5p. Why?...

Inspirit Energy – half-year results claim “adequate resources”. Really?...

Published 252 days ago

Having featured in the ‘New Year bury bad news stakes’ and with questions having been raised about CFO Nilesh Jagatia, I note shares in Inspirit Energy (INSP) remain in the doldrums following half-year results announced on 31st March. I also note the announcement was made at 9.49am. An attempt to miss the usual 7am RNS scrutiny?...

Imagination Technologies – claims license agreement “Discussions with Apple”, Er…

Published 257 days ago

Shares in Imagination Technologies (IMG) are currently a bit ahead today – but this only after a precipitous fall yesterday on the back of a “Discussions with Apple regarding license agreement” announcement…

Strat Aero – “Trading Update”, what’s the real balance sheet picture though?

Published 258 days ago

Strat Aero (AERO) “announces a trading update ahead of its full year results for the year ended 31 December 2016”. Hmmm – it’s already April 2017 though. I’d suggest this doesn’t bode well…

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

Published 263 days ago

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…

Digital Barriers – trading warning (you were warned). Timberrrrrr…

Published 269 days ago

Shares in surveillance technology company Digital Barriers (DGB) are currently more than 17.5% lower, at 25.5p, on the back of a “Trading Update” announcement. Trading warning ahoy! You were warned

Starcom – “pleased to present” 2016 results, shares slump again…

Published 270 days ago

Chairman of tracking, monitoring and protection technology company Starcom (STAR), Michael Rosenberg, is “pleased to present the final audited accounts” for 2016. The shares have currently responded more than 17.5% lower, to 1.75p. Hmmm…

Van Elle – profit warning less than 5 months after AIM IPO!

Published 270 days ago

Well that didn’t take long; 26th October 2016: “Van Elle (VANL), the geotechnical contractor offering a wide range of ground engineering techniques and services to customers in a variety of UK construction end markets, is pleased to announce the admission to trading on the AIM market”22nd March 2017: trading update including “delay and deferral of contracts”

Pebble Beach Systems – “Final Settlement of VCS Consideration”, so much for “substantially debt-free”!

Published 272 days ago

“Final Settlement of VCS Consideration” announcement from Pebble Beach Systems (PEB). I remind that on the conditional sale being announced on 20th October that RNS concluded “if the transaction completes then the group will be left substantially debt-free and to execute its software transition strategy with Pebble Beach Systems”

Hayward Tyler – new order win as loan repayment can kicked further down the road (though not very far)...

Published 276 days ago

Having recently noted a £2.4 million repayment due to Royal Bank of Scotland on 31st March (Hayward Tyler – announces “new order wins”, but attempted bailout financing dump ahoy?), I now note a further announcement from Hayward Tyler Group (HAYT); “Bank facility update and new order win”...

Seeing Machines – interims include “multi-sector strategy continues to gain momentum”, but also “reduced expectations”. Er…

Published 276 days ago

“Seeing Machines (SEE), the AIM listed technology company with a focus on operator monitoring and intervention sensing technologies and services is pleased to announce its unaudited financial results for the six months to 31 December 2016” and CEO Ken Kroeger is “pleased with the progress towards the achievement of our long-term goals as our multi-sector strategy continues to gain momentum”. Good, good… er, what? The shares currently more than 15% lower in response?!?...

Mobile Streams – emphasises “delighted” with India growth… but overall it’s a “materially lower” profit warning!

Published 277 days ago

Trading Statement” announcement from mobile games company Mobile Streams (MOS) sees the shares currently more than 10% lower, heading towards 3p. Uh oh…

Hayward Tyler – announces “new order wins”, but attempted bailout financing dump ahoy?

Published 278 days ago

Down from above 75p at the commencement of the year, shares in engineering group Hayward Tyler (HAYT) are currently today rebounding more than 10%, above 40p, on the back of a “New order wins” announcement…

Rex Bionics – “Funding and strategic review update” – heading for a de-listing?... or worse?

Published 280 days ago

Having previously concluded with shares in Rex Bionics (RXB) at circa 70p HERE, 43.5p HERE and 32.5p HERE, that, although a type of business you want to succeed, some way from being able to prove its commerciality and cash burn concerns until it gets there, the shares don’t look to appeal as an investment, I note they currently at 13p and an update including that “the company estimates that it will likely need external funding by the end of April 2017 in order to remain as a going concern”. Uh oh…

Pebble Beach Systems – disposal updates include buyer reserving its rights as it claims “numerous breaches of the contract”!

Published 285 days ago

After results for the first half of 2016 showed an increased £8.8 million of net debt, Pebble Beach Systems (PEB, then Vislink) announced a $16 million sale of its hardware division, Vislink Communication Systems, to NASDAQ-listed xG Technology, Inc – stating the disposal to see it “be left substantially debt-free and to execute its software transition strategy”. There are now further updates on how this is working out – including a 5:25pm “Response to xG Technology Inc Press Release” announcement. Uh oh…

Vipera - “well funded… through to cash flow profitability”. Hmmm, really?

Published 294 days ago

Mobile financial services provider Vipera (VIP) “is pleased to announce a trading update in respect of the year ended 31 December 2016”. So why are the shares currently more than 5% further lower at 4.5p?...

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

Published 298 days ago

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…

Grafenia – as cautioned, another profit warning was ahoy…

Published 300 days ago

“Trading update” announcement from Grafenia (GRA) commences that “in our update to the market on 8th November 2016, we highlighted the inconsistent nature of transactional print volumes and this has continued”. Uh oh – that announcement saw me note profit warning ahoy!...

Holders Technology – FY increased loss, though argues “heartened” by recent signs. Hmmm…

Published 303 days ago

Having previously concluded that shares in Holders Technology (HDT) were on the bargepole list, I note the announcement of results for its year ended 30th November 2016…

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

Published 304 days ago

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”...

Cobham – there was worse to come, much worse…

Published 304 days ago

Reviewing last month from Cobham (COB) ANOTHER profit warning I concluded, with the shares at 140p, that there could be worse to come and that it was a bargepole stock. Now, on the back of a further update, the shares are currently heading towards 100p…

Pebble Beach Systems – cost reductions including the ‘tin tack’ for porcine Chairman Hawkins…

Published 306 days ago

Following another profit warning earlier this month and now with a single operating subsidiary, Pebble Beach Systems (PEB, the former Vislink plc) has announced the closure of its head office function – including notice being served on Executive Chairman John Hawkins…

HaloSource – shares sparked by new technology announcement. BUT…

Published 306 days ago

HaloSource (HALO) has updated that it is “delighted to be progressing toward full-scale production of an entirely new technology to address the issue of heavy metal contamination at the household level” - and the shares have currently responded 18% higher, to 1.625p. Hmmm…

St Ives – last month a “materially below” profit warning, now a contract non-renewal

Published 312 days ago

Writing on St Ives (SIV) last month, I concluded that I was far from as confident as the company and retained the scepticism which has served well from 125p. Now, a 12 noon “Statement re contract” announcement sees the shares further lower…

Pebble Beach Systems (formerly Vislink) – change of name announced Friday, now profit warning ahoy!

Published 314 days ago

Friday 3rd February 2017: “Vislink confirms that it has changed its registered name to Pebble Beach Systems Group plc” (PEB). Monday 6th February 2017: “The company informs shareholders that the results for FY2016 are expected to be materially below the board's previous expectations”. Well, that didn’t take long!...

St Ives – following April last year’s, another “materially below” expectations profit warning…

Published 333 days ago

Shares in marketing services group St Ives (SIV) are currently circa 37% lower, at around 80p, on the back of a “Trading Statement” announcement. Profit warning ahoy then!…

Fitbug – shares soar (before suspension) on an RNS Reach ramparoonie

Published 334 days ago

On the back of an RNS Reach (i.e. not even deemed to merit a main RNS) announcement, shares in “digital wellness technology provider” Fitbug Holdings (FITB) roofed it to be 370% higher, at 0.775p, before a suspension of trading was announced. Hmmm…

Nature Group – Sale of Gibraltar operations sparks shares, but what of trading?

Published 334 days ago

Previously writing on another ludicrous results statement from Nature Group (NGR), I noted ‘we’ll see on the loss-making Gibraltar entity (“held for sale” net assets on the balance sheet £0.79 million)’. Today there is a “Sale of Gibraltar Operations” announcement, though which also includes a trading update…

Grafenia – “delighted” to announce acquisition, but it looks no panacea to recent woe

Published 335 days ago

Printing company Grafenia (GRA) is “delighted” to announce an acquisition of Liverpool-based Arthur Diamond Design (ADD Signs), seeing it as a first step of “ambitious plans”. Hmmm…

Cobham – ANOTHER profit warning, though still worse to come?

Published 340 days ago

Aerospace and defence group Cobham (COB) has released a “Post-close Trading Update”, with the shares currently around 15% lower, at 140p, in response. Uh-oh…

Guscio – attempts to sneak full-year results out today, a review shows why…

Published 360 days ago

Friday 23rd December, “Final Results & Notice of AGM”. Uh-oh, what has this worryingly-timed announcement from Guscio (GUSC) got in store? ...

Pittards – not a wonderful time of the year here AGAIN, profit warning…

Published 361 days ago

This does not seem to be a wonderful time of the year for leather goods producer Pittards (PTD). In 2014, there was shocking news it didn’t tell of, last year a 23rd December “materially below” expectations profit warning and this year we now have a “Situation in Ethiopia and Trading Update” announcement. As you may have guessed, it ain't good...

eServGlobal – full-year results, to “provide further evidence of our success”. Really?

Published 362 days ago

eServGlobal (ESG) has announced results for its year ended 31st October 2016 emphasising “steady progress in the re-alignment of the business” and “we are confident we will provide further evidence of our success in the year ahead”. Hmmm…

Audioboom – claims “reached a crucial tipping point”. Er, yep… nearly all the money’s gone AGAIN!

Published 368 days ago

Previously writing on spoken-word audio platform company, Audioboom (BOOM) I noted “agreement for investment from China ‘not yet been reached’, surely not to be cash crunch ahoy AGAIN!”. The company is now “pleased to provide an update on its Q4 KPIs and trading for the year ended 30 November 2016” and, well, er…

Microsaic Systems – reckons “clear opportunities exist”, but it's a profit warning…

Published 369 days ago

“Trading Statement” announcement from Microsaic Systems (MSYS) starts with that “it is expected that EBITDA and pre-tax profit for 2016 will be broadly in line with market expectations… The company has reshaped its business strategy to focus on the Pharma market where clear opportunities exist for the company's products”. Hmmm, “broadly in line” is of course ‘slightly behind’, though at least there’s “clear opportunities” ahead. Though, wait. What’s that? The shares currently down approaching 20%, towards 3p?!? …

Hardide – company reckons recent new funds for investment in growth, full-year results suggest different

Published 370 days ago

Previously writing on provider of advanced surface coatings, Hardide (HDD) in October, I noted its raising of £1.6 million at 0.8p per share – questioning “to progress with its plans for future developments and growth” or ‘to keep the lights on’? We now have results for the company’s year ended 30th September 2016…

Surface Transforms – half-year trading update, despite attempted glossing over cash burn concerns…

Published 374 days ago

Previously writing on developer and manufacturer of jam tomorrow (Oops sorry, of carbon ceramic products for the brakes market), Surface Transforms (SCE) I concluded with the shares sliding below 25p that delayed jam tomorrow in conjunction with the nearer-term trading challenges saw me continue to avoid. There is now a “Trading Update” announcement, on the back of which the shares are currently around 8.5% lower at sub 22p...

Imaginatik – half-year results note “tangible results for our customers”, but what about for shareholders?…

Published 376 days ago

Having fallen towards 1p after being above 5p as recently as May, shares in Imaginatik (IMTK) are currently recovering to around 2p on the back of results for the company’s half year ended 30th September 2016…

OneView Group – half-year results show reason for additional loan facility

Published 377 days ago

Having most recently warned on OneView Group (ONEV) last month HERE, the company has now announced an additional loan facility and results for its half year ended 30th September 2016 showing why…

Mirada – profit warning, how’s “not currently expected to require further equity fundraising” looking now?

Published 377 days ago

Previously writing on digital technology company Mirada (MIRA) I concluded that the track record saw me continue to avoid with the shares at 4.25p. I now update with the shares, on the back of a “Trading Update” announcement, currently 33% lower today, at 2.75p...

Sabien Technology – yet more delays. Cash crunch ahoy (again)?

Published 383 days ago

Previously writing on boiler technology company Sabien (SNT) last month, I noted a considerable improvement in sales performance needed otherwise its funds will continue being used just to keep the lights on. The following updates with the shares currently more than 6% lower, at 3.75p, on the back of an “AGM Statement”.

Imaginatik – argues “confident”, but should it be?

Published 388 days ago

A trading update for the six months ended 30th September sees innovation software and consultancy company, Imaginatik (IMTK) “confident we have the foundations in place for future success”. Investors though don’t seem as confident – the shares currently remaining slumped at around 1.6p...

Tungsten Corp – regulatory approval for sale of bank, so deal completed… or not…

Published 396 days ago

Having stated as recently as September “the sale of Tungsten Bank is advancing as expected and we continue to expect the sale to complete by 31 October 2016”, there is now a further update on a sale still not completed…

21st Century Technology – “New Contract” follows “Contract renewal”, but caveat emptor…

Published 399 days ago

21st Century Technology (C21) “is pleased to announce that it has been selected by OFJ Connections Gatwick Airport to provide integrated real-time passenger information and connected bus systems”. The shares have currently responded more than 14% higher to 3p – though this comparing to 5p early this year…

Mobile Streams – reckons “pleased to announce” full-year results, shares down 30%...

Published 402 days ago

“Mobile Streams (MOS), the emerging markets focused mobile media company, is pleased to announce its final results for the year ended 30 June 2016 which are in line with management's revised expectations”. Ok. Er, what? The shares currently 30% down, at 9.625p, in response...

Grafenia – director share purchase, a positive signal… Or not?…

Published 403 days ago

Having concluded bearishly on half-year results from Grafenia (GRA), I note a “Directors' Dealings” announcement from the company today…

Grafenia – half-year results, another profit warning ahoy!

Published 404 days ago

Having last month concluded on Grafenia (GRA) that I wouldn’t want to bet on expectations being achieved and currently continue to avoid, I note the half-year results announcement sees the shares currently more than 14% lower at 7.5p…

eServGlobal – misses FY 2016 targets… but claims “justified optimism” for FY17!

Published 405 days ago

A trading update for its year ended 31st October 2016 from mobile financial technology company eServGlobal (ESG), sees its Executive Chairman, John Conoley, "proud of the achievements of the company in its core business in FY16 after its poor start… we have embarked on FY17 with justified optimism in the core business”. The shares have responded currently slightly lower to 6p…

Redcentric – “Accounting misstatements” announcement. Uh Oh…

Published 405 days ago

“Redcentric plc (RCN), a leading UK IT managed services provider, announces that an internal review by the company's audit committee in relation to the interim results for the six months ended 30 September 2016 has discovered misstated accounting balances in the group's balance sheet”. Uh-oh…

Windar Photonics – does “orders from large scale US IPP” announcement merit the 20%+ share price rise?

Published 408 days ago

Shares in wind turbine technology company, Windar Photonics (WPHO) currently trade more than 20% higher, above 100p, on the back of an announcement of “a repeat order for its WindEYE LiDAR wind sensors from a large North American wind farm owner and operator for immediate delivery”

HaloSource – “Trading Update” = Loss & Cash Warning, desperate strategic review ahoy…

Published 410 days ago

Having consistently over the last year warned on shares in HaloSource (HALO) – most recently HERE – I note they currently more than halved today, heading towards 1p, on the back of “an update on trading ahead of the year ending 31 December 2016”

Ten Alps – with deferred consideration to pay, it’s placing and debt manoeuvring ahoy!

Published 417 days ago

I’ve previously noted balance sheet pressures for Ten Alps (TAL) - and now preparation of full-year accounts for 2015-acquired Reef Television indicate “that the full deferred consideration and loan note payment of £1 million will be due to the Reef vendors for the first tranche”. It’s thus placing and debt manoeuvring ahoy…

Sabien Technology – dire full-year results, expects “considerable improvement”. Er?

Published 419 days ago

I previously wrote on boiler technology company Sabien (SNT) last month – ‘£750,000 placing “to continue growth strategy”, AKA to keep the lights on…’. The company has now announced results for its year ended 30th June 2016...

OneView Group – from “remains confident” to “likely to be below market expectations” in 6 weeks! …

Published 425 days ago

“Winning its first hosted customer in the UK was a pivotal event for OneView (ONEV) in the first half of the year, creating an important new recurring revenue stream… The company continues to see strong interest in its software and is confident that the current pipeline will deliver growth in the future”. Sounds encouraging, but what? The shares currently down circa 30% to sub 4p? …

Brammer – Q3 trading & financial position update, from bad to worse…

Published 437 days ago

Having joined industrial supplies distributor Brammer (BRAM) as CEO on 1st August, Meinie Oldersma has purportedly “been impressed by the market position and the expertise and the quality of people the group has built over the last few years”. However, the shares are currently more than 30% further down, at 87.5p, on the back of the “Update on Q3 Trading and Financial Position” announcement. Hmmm…

Digital Globe Services – full-year results it’s “pleased to report”, shares down a further more than 17% in response…

Published 440 days ago

“Digital Globe Services (DGS), a leading provider of digital marketing solutions for large, consumer-facing organisations, is pleased to report its final results for the year ended 30 June 2016”. Hmmm, the shares are currently more than 17% lower, at 38p, in response…

Audioboom – agreement for investment from China “not yet been reached”, surely not to be cash crunch ahoy AGAIN!

Published 441 days ago

On 5th August Rob Proctor, CEO of spoken word audio platform Audioboom (BOOM), was “pleased to report that Audioboom has made further tangible progress in H1 2016, growing revenue, securing significant new content partners and further broadening its geographic distribution”. However, the financials showed it was cash crunch ahoy. Less than an hour later it was placing ahoy and there is now a “Strategic investment discussions update”

Yujin International moves from AIM to ISDX in RTO. Bargepole of the highest order

Published 482 days ago

I’ve no idea what AIM-listed Yujin (YUJ) got up to in its previous life, but its shareholders (who may be wondering the same!) are clearly in for a treat as it moves to ISDX doing an RTO, share consolidation, change of name, a new board comes in and new advisers are appointed. We may have thought we had seen the Dream Team on ShareProphets, but this one goes straight to the top of the pile.

Highland Natural Resources - where is the TR1 you lying spivs?

Published 487 days ago

Back on 15 June Highland Natural Resources (HNR) announced what was in essence a covert placing with a spiv share flipper. It was dressed up as something rather different but the failure of that spiv to issue a TR1 shows this laughable pretence up for what it is.

CAP-XX – “secured new orders for automotive applications”. Hmmm…

Published 543 days ago

Having previously written in March in a sceptical vein, I note shares in the company which modestly describes itself as “a world leader in the design and manufacture of thin, flat supercapacitors and energy management systems”, CAP-XX (CPX) currently trade higher, at around 5p, on the back of an announcement which begins with that the company “is pleased to announce that it has secured new orders for its supercapacitor solutions for both passenger vehicle and heavy vehicle automotive applications”.

Phil Edmonds business partner Andrew Groves denies he's been bribing & corrupt in Bongo Bongo land but..

Published 552 days ago

Sable Mining (SBLM), the AIM listed piece of Turkish run by Andrew Groves - the long time business partner of ex cricketer Phil Edmonds has been forced to deny that he has been indicted for trial on charges of bribery and corruption in Liberia. Okay Andy whatever you say....

Ten Alps – “Disposal” announcement not exactly a game-changer!

Published 552 days ago

Having recently gone in just over two months from being “on track to generate a full year profit for the first time in a number of years and to continue momentum into the medium term” to having “continued to sustain losses in certain parts of its publishing operations… these continued losses are likely to result in the group not being profitable for the year as a whole”, Ten Alps (TAL) sought to somewhat reassure with that it “is in advanced stages of discussion on the disposal of certain areas of its publishing business”. We now have an announcement of “the disposal of the trade of Grove House Publishing Limited, one of its publishing subsidiaries, for a cash consideration of”

Golden Saint Resources raises £400,000 to keep paying crony capitalists but where are its fecking results?

Published 553 days ago

Last year Golden Saint Resources (GSR) waited until it got a placing away in late May to announce its piss poor results. It needed extra cash to satisfy the auditors that it was solvent, let alone a going concern. This year it seems that broker Cornhill could not bring itself to stiff its clients again - hats off to Frangos and team for showing some integrity. But bucket shop- SVS Securities has no such qualms and has raised £400,000 gross ( £371,000 net of fees to crony capitalists) at 0.07p. So I guess we can now see the results soon.

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

Published 556 days ago

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.

DCD Media – Friday 4:07pm “Business Update”, true 'no-one watching o'clock’ stuff?

Published 569 days ago

No announcements since 13th November last year from DCD Media (DCD), that is until now… a Friday before a bank holiday weekend 4:07pm “Business Update & Notification of Results”. I’m guessing this ain’t going to be good…

CDialogues – “Update on new Business Opportunities” = from bad to worse…

Published 570 days ago

A 10:58 am “Update on new Business Opportunities” announcement from mobile marketing services company CDialogues (CDOG). Hmmm, with last month-announced results including that “given that net contributions from some mature projects are expected to decrease during 2016, the company is now focused on building the new business pipeline”, this really needs to be positive…

Driver Group – interims fail to provide post profit-warning boost as dividend axed

Published 572 days ago

Having updated earlier this month that profit would be “significantly short of market expectations” and an increase in the bad debt provision – see HERE, Driver Group (DRV) has announced results for its half year ended 31st March 2016. As expected, they ain’t pretty…

Mobile Streams – a 2:21pm “Trading Update”, Uh oh…

Published 577 days ago

A Thursday 2:21pm “Trading Update”. Hmmm. “Mobile Streams plc (MOS) updates the market on its expectations for the current financial year ending 30 June 2016”. Uh oh…

Imaginatik – shares on the rise despite admitted discounted fundraising discussions. Hmmm…

Published 578 days ago

Having fallen back towards 3p following a couple of RNS announcements earlier this week, shares in Imaginatik (IMTK) are currently on the rise again. With this coming after the shares had slumped to sub 2p by the start of April before soaring beyond 5p by the commencement of May, the following reviews the goings-on here…

Tom Winnifrith Bearcast - e-Therapeutics this stinks like a pile of rotting kippers at the height of summer

Published 585 days ago

In this podcast I start with Baby Bear, Graham Neary, and why he is wrong on Fastjet (FJET). The trouble is that he is being too nice. Baby, try to remember that we bears are meant to be complete and utter bastards. I then discuss my own Greek planning woes and those of Minoan (MIN). Then it is onto e-therapeutics (ETX) and today's RNS which stinks to high heaven. This is now an A1 bargepole stock. I then cover Atlas African (AAI), Andalas (ADL) - what price the next placing?  - Hague London (HNL) and MX Oil (MXO) again what price its next placing? 0.1p looks about right to me.

Driver Group – revenues projected to be ‘in line’, but profit? …

Published 587 days ago

Construction and engineering consultancy group Driver (DRV) has updated that “March and April revenues were strong and the current workload / pipeline indicates that the group will deliver revenues for the year ending 30 September 2016 at least in line with current market expectations. However… believes that profit for the current year will be significantly short of market expectations”. Uh oh…

HaloSource, Inc. – agreement for sale of Recreational Water business, is all as it initially seems?

Published 588 days ago

HaloSource, Inc. (HAL) has announced “a conditional asset sale agreement to sell its Recreational Water business… for an initial cash consideration of up to $7.5 million and further deferred cash consideration of up to $0.5 million”. The announcement though later states “an initial cash payment of $4.0 million”. Hmmm, what’s going on?

eServGlobal – Contract announcement, Rampity, ramp. How long till private investor screwing ahoy?

Published 591 days ago

Mobile money company eServGlobal (ESG) has followed a claimed “significant contract” which saw guidance only maintained, with a contract win in West Africa which purportedly “is further confirmation that a recovery in the sales engine of our company is now underway”. Hmmm…

Arian Silver's related party deal - the comedy continues

Published 592 days ago

What is it with chaps called Williams from Wales and trainwrecking companies? We move from David at Avanti earlier HERE to Jim at Arian Silver (AGQ) who has already trainwrecked this company once. Now, after a bailout which saw it surrender any assets worth owning, Jim is at it again and today he has updated his punters on a deal in Mexico which is related party although Jim neglects to remind punters of this fact.

blur Group – ‘Contract win’ seemingly sparks further delusion

Published 594 days ago

Perennial cash-burning machine, sorry “Enterprise Services Platform & Marketplace”, blur (BLUR) “is pleased to announce the signing of a two year contract with a FTSE 250 multi-channel retail group”. Apparently, this contract win “demonstrates that business leaders and large corporates are increasingly acknowledging the need to prioritize their unmanaged, indirect business services spend and recognize that blur's platform offers an efficient and agile solution to drive new efficiencies within indirect spend”. Hmmm…

blinkx – financials poor (natch), so claims “year of integration and investment”. Hmmm...

Published 622 days ago

Internet media company blinkx (BLNX) has updated on “a year of integration and investment” i.e. a year in which financial performance was poor so we’ll claim to have laid the foundations for future growth instead...

Nakama Group – “Trading Update” features management-speak shite & is shite!

Published 626 days ago

Apparently the first things we need to know in a “Trading Update” from recruitment group Nakama (NAK) include that “as a result of a holistic review of the business” following the September appointment of CEO Rob Sheffield, “the group has been through significant change…(including) changes to the infrastructure of the organisation”. At the end of the paragraph we are then told that “the board believes that, in order to grow the business, the restructuring and the investment are crucial to the future of the group. The effect of this is reduced profitability during the period”. Hmmm…

Hornby – seemingly now reliant on “constructive dialogue with Barclays Bank”, Hmmm…

Published 627 days ago

Following a dire profit warning last month and the Chief Executive subsequently “stepping down”, an “Update on Banking Covenants and Trading” from hobby products company Hornby (HRN) sees the shares currently 8% higher today. Does this though look justified?…

SeaEnergy - Let's Cut to the Chase - Its fucked

Published 653 days ago

We have for some time suggested that offshore energy services business SeaEnergy (SEA) was a bargepole stock. The company has pretended otherwise, by taking on more debt and by issuing infuriating releases about how shareholders were funding management to go get pissed at black tie awards ceremonies. Today, SeaEnergy fessed up: The Sheriff & Deputy Sheriff of AIM were right all along. We usually are.

African Potash - Run for the Hills: this stinks

Published 678 days ago

African Potash (AFPO) was on a crazy valuation prior to today but has just run a red flag up the mastpole which must make any sane investor on this planet (and perhaps even some of its deranged groupies on the LSE Asylum) run for the hills.

Tom Winnifrith Bearcast Bonus - African Potash is a total 100% bargepole stock

Published 726 days ago

Earlier today my colleague Robert Tyerman penned some bullish bollocks on African Potash (AFPO). In this bearcast special I explain why he is 100% wrong. This company is drowning in red flags and is a 100% bargepole stock. It is just worthless shite on the AIM Casino. The shares are a storming sell.

David Lenigas - are you blaming hapless Neil Ritson or PR genius Steffi? Winding up notice at Solo Oil

Published 731 days ago

Oh dear it is not a very good day for Jabba The Hutt is it? The latest bad news is that a first winding up order has been submitted to Companies house for AIM listed Solo Oil (SOLO) - see below. But who is to blame?

Adgorithms – Is “pleased to report”… but in the end it’s another profit warning…

Published 731 days ago

Having warned “materially” in October just months after listing (see HERE), online advertising software company Adgorithms (ADGO) is today “pleased to report that revenue for FY2015 is currently tracking broadly in line with expectations however, the EBITDA margin in Q4 will be below expectations and this will be reflected in the EBITDA outcome for the full year”. Oh no, not again! …

Afriag - More questions for Paul de Robillard - tell us about the criminal investigation into Doltek Enterprises

Published 733 days ago

We have already seen that when Lonrho ( then chairman Jabba The Hutt) subsidiary Rollex was caught tobacco smuggling, it said that the company was blameless but this was merely PA activity by Paul de Robillard (HERE). Notwithstanding this David Lenigas vehicle Afriag's (AFRI) biggest investment is a 40% stake in another Robillard company (Afriag SA) involved in logistics. But here's a third Robillard company, Doltek.

Motive Television – another ramptastic announcement attempted as it scrambles to conclude refinancing

Published 733 days ago

In a September announcement I noted as ramp fodder, Motive Television (MTV) announced an intention to develop TabletTV for Apple TV. I concluded as such with the announcement being just of an “intention” to do something, not of an achievement, and the mention of “Apple” a ramptastic seven times in the 195 word announcement being preferred to the provision of any financial indications whatsoever (see HERE), and so today…

Tribal Group – hopefully our prior warning that “No earnings visibility + debt = toxic” was heeded as…

Published 734 days ago

Even on a 19th October profit warning seeing shares in software and services for education management group Tribal (TRB) down more than 35% at sub 80p, I concluded that the shares still looked to be one for the bargepole as no earnings visibility + debt (£23.1 million on the half year stage balance sheet) = toxic; see HERE. A further announcement today entitled “Trading Update, Rights Issue and Move to AIM” sees the shares currently down a further 25p at below 30p…

Insetco - goes bust, you were warned...

Published 738 days ago

I believed in Insetco (INC) briefly but then warned folks to sell quite explicitly as new information came up. I labelled it a bargepole stock HERE - you cannot say that you were not warned. I can only hope that the BB Morons who say they buy everything I say sell did just that. The moral here...

Motive Television – Memorandum of Understanding announced as directors scramble to keep their lifestyle funding rolling

Published 739 days ago

Scrambling to keep their lifestyle funding rolling, the directors of Motive Television (MTV) have announced the signing of a Memorandum of Understanding “to provide educational content to tablet users in South Africa, with possible further expansion throughout Africa to follow”. Convenient timing hey, just as the company seeks to conclude discussions with holders of £2.98 million of convertible loan notes which mature on 31st December…

Monitise plc – “Telefónica cloud platform agreement” not as positive as it may sound…

Published 787 days ago

“Monitise (MONI) and Telefónica cloud platform agreement” Great news! What? The agreement supersedes an existing contract between the companies, is only “to explore” potential projects based on the Monitise cloud platform and “the company's guidance for FY 2016 remains unchanged as a result of this announcement”. And it gets worse?...

Monitise plc – follows share price and results disappointment with… cut-price share option awards!?!

Published 801 days ago

With its shares having crashed from 80p in early 2014 to 2.68p at the start of this month and having announced a self-declared “disappointing” financial performance last month, Monitise plc (MONI) has this month responded by… ‘awarding’ options “to directors and employees of the company in respect of the Monitise Performance Share Plan”!?! …

Motive Television – announcement ramp fodder, when's the next fundraising?

Published 826 days ago

Having fallen on interim results last month and further, to 0.205p, last week, shares in Motive Television (MTV) are currently up approaching 30% today, to 0.26p, on the back of an announcement that “Motive intends to develop TabletTV for Apple TV”. I.e. ramp fodder, when's the next fundraising? ...

Monitise – full-year results review, bearish stance further vindicated…what a dog

Published 830 days ago

Monitise plc (MONI) has announced results for its year ended 30th June 2015 – with it noting a “disappointing” financial performance and announcing another change in leadership. Having long warned (see, for example, HERE), what’s the outlook now with the shares further down currently to below 4p?

Red Flags at Night: Independent Oil and Gas funding failure

Published 861 days ago

Released at 6pm on Friday night, this is a devastating RNS from Independent Oil and Gas plc (IOG). For anyone invested here, simply read the RNS which is reproduced below. It says it all: the long promised funding package which was supposed to see the company through has failed because the investor has walked from the deal. Independent has funding thought to just 4 September, at which point there is a £358,000 loan from Darwin to pay back.

AO World – will the boardroom shuffling aid investors?

Published 865 days ago

Since I previously wrote HERE, AO World (AO.) has announced “with the financial reporting and corporate governance requirements of a public company and the increasing scale and complexity of AO's operations, the board has decided it is now appropriate for the COO/CFO role to be separated”

Sefton: more disastrous news - when is the placing?

Published 868 days ago

Oh dear. Oh dear. Oh dear. It just gets worse and worse for AIM casino poster boy Sefton Resources (SER). The company has just fessed up that the sale of its shite Kansas assets is off. And there is more: the bottom line is that another bail-out placing may be imminent.

WANdisco plc – after the 2015 Q2 sales update, it’s forecast reduction time (yet again!)

Published 870 days ago

Having noted a decline in quarterly sales bookings from WANdisco plc (WAND) to $2.4 million (Q2 2014: $3.4 million) HERE, it is now forecast reduction time yet again…

Red Flags at Night: Trafalgar New Homes - results with a little help from the ShareProphets Translation Service

Published 884 days ago

Quite how a house builder manages to lose money in the current environment is a mystery to me. For the second consecutive year, £1.8 million market cap AIM tiddler Trafalgar New Homes plc (TRAF) has done just that, reporting a doubled £620,000 loss for the year (0.26p per share, a third of the bid price) to 31 Mar 2015 at no-one-is-watching o’clock on Friday (at 5.23pm). The ShareProphets RNS Translation Service has had a field day with the Chairman’s statement. Original in Bold.

Iofina issues another mealy mouth profits warning – when will this slow-mo train wreck end?

Published 888 days ago

Warren Buffett says that anyone who uses EBITDA is either trying to fool you or to fool themselves and that brings us to a comedy profits warning from POS AIM casino dog Iofina (IOF) issued first thing today. What clowns.

Mosman Oil & Gas on the ramp again as the cash situation heads to critical

Published 888 days ago

POS Aim casino poster boy Mosman Oil & Gas (MSMN) has today put out the most ridiculous and desperate operational update in an attempt to spoof mug punters to buy the shares. For the fact is that Mosman is almost out of cash – though it won’t admit it – and needs a bailout soon.

CIC Gold another mad & bad Stuart Bromley Red Flag

Published 892 days ago

I have noted on a number of occasions that fully listed CIC Gold (CICG) where the largest shareholder is Stuart Bromley’s CIC Capital is a complete and utter bargepole stock and that VSA Capital should be thoroughly ashamed for bringing this POS to the market. And now for more evidence of why this is just not investment grade material – it’s the Bromley factor.

Stuart Bromley mugging the Boy Scouts – another reason why CIC Gold should not be listed

Published 898 days ago

In yesterday’s Bearcast I explained why it was shocking that CIC Gold (CICG) had obtained a standard listing in London and why the shares were a sell. The main reason is Stuart Bromley. Hat tip to John g, a ShareProphets reader for pointing us to how Bromley mugged the Boy Scouts.

JQW – CFO walks: have the rats started to desert the s(t)inking ship?

Published 900 days ago

AIM-listed JQW plc (JQW) – one of the Fujian four, from Fujian province in China announced its AGM result today, as well as the departure of Chief Financial Officer, Mr Kooi Wei Boon. Under normal circumstances, the FD departing out of the blue would not be taken well – and, indeed, JQW saw its shares slide 14% on the news – but given the general level of suspicion surrounding AIM-listed China frauds this is most unsettling news for anyone mad enough to be holding this stock. 

Digital Barriers – full-year results, still a bargepole stock?

Published 909 days ago

Provider of surveillance technologies to the international homeland security and defence markets, Digital Barriers plc (DGB) has announced results for its year ended 31 March 2015. I update having asked in February whether the operational improvements the company emphasises it has recently made would see a step-change in performance or would a litany of financial destruction continue (see HERE)?

Plus500 Ltd – a share price ‘recovery’ investors should buy into? Er…

Published 936 days ago

Shares in CFD trading provider, Plus500 (PLUS) have recovered back above 300p currently today and the following updates on developments here…

blinkx – full-year results “comfortably in line with guidance”, Oh wait…

Published 944 days ago

blinkx plc (BLNX) has announced results for its year ended 31st March 2015 which it describes as “comfortably in line with guidance, despite significant changes in the industry”. Congratulations. Oh wait… a pre-tax loss of $24.80 million on revenue of $215 million, down from a profit of $17.61 million on revenue of $247.2 million in the prior year! Was that really what management were aiming for as they announced the prior year’s results?...

blur Group – now paid-for researcher withdraws forecasts ‘until there is more clarity’

Published 979 days ago

Since my update last week on more financial reporting woes from blur Group (BLUR), paid for research prostitute Edison has pulled its forecasts and the shares have drifted further lower to a current 53p. When even the prostitute researchers wont say anything nice you know that you are up merde creek.

Starcom – another example of why it is cash generation rather than ‘revenue’ or ‘profit’ which is key

Published 984 days ago

Shares in remote tracking, monitoring and management technology company Starcom (STAR) currently trade approaching 15% lower today, at 7.125p, on the back of an announcement that its recognition of revenues will see its “by the first week in May”-expected audited results for 2014 come in “materially below market expectations”

Tom Winnifrith Bearcast - Insetco bargepole special

Published 990 days ago

The Nomad to Insetco (INC) quit today. I now have more to reveal on this in this podcast special and I bring to your attention the conman crook Terry Ramsden (do a Google search). This is a bargepole stock.

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