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EPIC code: WPCT

EXCLUSIVE: Shocking Analyst Report Woodford Patient Capital Trust Essentially Worthless

By Tom Winnifrith | Tuesday 15 October 2019

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Neil Woodford has been fired from his flagship Equity Income Fund today, vindicating our more than 1000 articles and podcasts exposing him since 2015,  but his problems do not end there. I recently commissioned a resting fund manager to produce a detailed bottom up analysis of Neil Woodford’s Patient Capital Trust (WPCT). That report  from a man known as “The Badger” landed with me last night and is shocking in its conclusion: the Trust is essentially worthless. The Badger writes:

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TCAP

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Cloudbreak Discovery: Shameful options and warrants slipped out

 

MTL

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CRDL

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NEXS

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MetalNRG (#MNRG) – application for legal proceedings expedition granted, set for next month

 

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BIDS

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WRKS

TheWorks.co.uk (#WRKS) – FY update and Q1 LFL sales -2.5%

 

CKN

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Saturday »

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Centamin – interims, on track for shares to return to way above 100p?

 

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Advanced Oncotherapy is a slam dunk short

 

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WSBN

Wishbone Gold – intersection of multiple encouraging zones, excitement building

 

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COPL

Despite a rampy resources report, I'd continue to avoid Canadian Overseas Petroleum

 

HL

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AYM

Snouts In The Trough: Anglesey Mining Share Options…..for what, exactly?

 

DVRG

Another Deepverge turd for Gerry “the arse” Brandon to polish – death spiral kicks in October

 

BP

BP – strong second quarter results and outlook confidence, Buy

 

MMAG

musicMagpie – money for nothing and chips for free

 

GetAFix

Malcolm Stacey is still moving mansion

 

Greek Tear

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PDG

Pendragon (#PDG) – 29p per share possible offer withdrawn and discussions terminated

 

KMK

Kromek (#KMK) – issues 8% per annum interest convertible loan notes raising £1.7m

 

ARB

Argo Blockchain (#ARB) – July “operational update”, again selling additional Bitcoin to fund debt and expenses

 

WPP

#WPP – H1 adj. EPS +15%, DPS +20%, notes “a more uncertain economic environment ahead”

 

CARR

Carr's (#CARR) – trading overall “in line with the board's expectations”, second interim DPS of 1.175p

 

HL

Hargreaves Lansdown (#HL.) – FY adj. EPS -19%, DPS -21%, notes “continued economic and geopolitical turbulence”

 

LSEG

London Stock Exchange (#LSEG) – H1 adj. EPS +20%, DPS +27%, “momentum continuing into H2”

 

CPI

Capita (#CPI) – notes H1 improvement, though targeting H2 accelerated revenue growth

 

PETS

#PETS At Home – Q1 LFL revenue +6%, “good sales to profit conversion”

 

FLTR

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Thursday »

INS

Instem – “delighted with the continued successes of our organic and acquisitive growth strategies”. Er!

 

FLX

Falanx – argues “far greater” order pipeline, but what about the bottom-line?

 

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RR

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CEY

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STM

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KEFI

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MDC

Mediclinic (#MDC) – 504p per share recommended offer

 

GOG

Go-Ahead (#GOG) – increased recommended offer totalling 1550p per share

 

NGHT

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SED

Saietta (#SED) – £23m placing at 138p per share, £2.3m broker option

 

ADF

Facilities by #ADF – H1 revenue “marginally ahead” of prior year, argues “strong order visibility”

 

SDG

Sanderson Design (#SDG) – H1 sales in line with prior year, states “in line with the board's expectations”

 

STM

#STM – H1 “slower than anticipated” and 2 directors to “stand down”, argues “pipeline remains encouraging”

 

RNO

Renold (#RNO) – acquisition of conveyor chain and ancillary products business Industrias YUK S.A. for €24m

 

PHNX

Phoenix Group (#PHNX) – agreement to acquire Sun Life UK for £248m

 

RR

Rolls-Royce (#RR.) – H1 loss, expects H2 underlying profit margin improvement

Wednesday »

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Tom Winnifrith bearcast: is journalist Bethany Garner of Forbes bent or just incredibly stupid?

 

VCP

BREAKING: has £380m valued carpets roll up Victoria committed serial fraud & where are the shareholders $65m yachts?

 

COM

Comptoir Group – founder gets his resignations, but not cheaply!

 

CTEA

Catenae Innovation – The Dog That Didn’t Bark!

 

AAU

Ariana Resources – Half-Year Production Report: Tavsan On The Way: BUY

 

CBX

Cellular Goods has low sales and very high cash burn - avoid or sell into the latest pump

 

OSI

Osirium Technologies – “Significant contract extension”, but financially or attempted ramptastically?

 

AVO

Advanced Oncotherapy tells an obvious porky as it issues more confetti

 

TW

The reality of the (not as exciting as many 2010s investors think) world of Taylor Wimpey

 

CHLL

Chill Brands – Oops a daisy, one product line dropped and no update on sales – a date with death eight months away, or perhaps even sooner!

 

GetAFix

Malcolm Stacey is Moving House

 

Greek Tear

Photo Article from the Greek Hovel: An Englishman abroad: Tom Winnifrith

 

CHLL

Chill Brands (#CHLL) – “ends future development and US sales of its tobacco-free nicotine product line” following additional restrictions

 

PGR

Phoenix Global Resources (#PGR) – proposed delisting, 7.5p per share “exit opportunity”

 

ZIN

Zinc Media (#ZIN) – raising up to £0.25m at 100p per share via Peel Hunt Retail Capital Markets portal

 

ZIN

Zinc Media (#ZIN) – agreement to acquire The Edge Picture Co for initial £2.1m and equity raise

 

RR

Rolls-Royce (#RR.) – Spanish government approves sale of ITP Aero, expected to complete “in the coming weeks”

 

CREO

#CREO Medical – argues H1 progress, but still even adj. EBITDA loss

 

LSL

#LSL Property Services – H1 profit fall, DPS maintained, argues profit “significant skew to H2”

 

TW

Taylor Wimpey (#TW.) – H1 adj. EPS -3%, DPS 4.62p, states market currently “resilient”

 

KWS

Keywords Studios (#KWS) – notes strong H1, expects some moderation in H2

 

JET

Just Eat Takeaway.com (#JET) – H1 notes adj. EBITDA improvement, but even that still -€134m

Tuesday »

LIFE

Love Hemp – the mystery of the dog that barked in the night

 

Bearcast

Tom Winnifrith Bearcast - life in the old dog yet!

 

TNT

Tintra Results analysis – Part 2 – the promised jam tomorrow & the vast discrepancies on management pay

 

REVB

Revolution Beauty; Lack of profits warning, shares collapse – a new posterboy for the 2021 IPO hall of shame

 

RBG

Revolution Bars – “pleased to announce” update, but how’s the net cash generation?

 

GRG

Confirming my bad day buy levels for Greggs and Sage Group shares

 

TNT

Tintra Results Analysis – Part 1 – the unresolved legacy issues and another FRC Rule Breach

 

PALM

Panther Metals – Conditional Placing at just 5.5p, I apologise but persist with my enthusiasm

 

GYG

GYG – proposed AIM de-listing, shares slump. Hopefully my explicit warning was heeded

 

HSBA

This Bank Expects a Happier Future and It Could Be Right

 

Boom

FACTS you cannot say about the Euro Women’s 2022 and the Lionesses - Tom Winnifrith

 

GYG

#GYG – proposed AIM cancellation, would then “consider implementing a matched bargain facility”

 

PALM

Panther Metals (#PALM) – £1.1m placing at 5.5p per share with warrants

 

TRP

Tower Resources (#TRP) – £1.5m placing at 0.175p per share

 

JD

JD Sports Fashion (#JD.) – appointment of Régis Schultz as CEO from Al-Futtaim Group

 

RCDO

Ricardo (#RCDO) – sale of Software business unit for initial $17.5m

 

CPI

Capita (#CPI) – agreed to sell Real Estate and Infrastructure and GL Hearn businesses for £60m

 

PURP

Purplebricks (#PURP) – FY swing to even adj. EBITDA loss, argues performance improvement plan

 

DOM

Domino's Pizza (#DOM) – H1 adj. EPS -11%, DPS +7%, argues H2 weighting

 

GRG

Greggs (#GRG) – H1 EPS +4%, DPS maintained, ‘confident in ability to deliver continued success’

 

TPK

Travis Perkins (#TPK) – H1 adj. EPS +12%, DPS +4%, expects FY “broadly in line with market expectations”

Monday »

IRON

BREAKING: Richard Jennings says he will sue Ironveld and board members for defamation

 

HEAD

Headlam – half-year trading statement, a value Buy?

 

DIA

Dialight – emphasises “profit doubling”, but what about cash flow?

 

ING

Ingenta – “a return to revenue growth”, but what about the bottom-line?

 

BUMP

Seraphine – full-year results, not a trading warning AGAIN surely?!

 

Cat_Fixing_Lightbulb

Caption contest/translation request - PR Genius Steffi & NFT Edition

 

IRON

BREAKING: Aristo Knob Giles Clarke of Ironveld fecks democracy and (yet again) his long suffering shareholders

 

Bearcast

Tom Winnifrith Bearcast: Is Sarah Willingham delusional?

 

Greek Tear

Fancy a last minute luxury Greek getaway – three weeks in August and September left

 

Newsboy

Why stocks such as Cranswick and James Halstead remain of interest to me in a tough world

 

SHEL

Shell Still Undervalued but, as Profits Pile In, Any Resistance from Green Investors May Weaken as the Giant Goes Greener

 

JD

JD Sports Fashion (#JD.) – exchanged contracts to sell Footasylum for £37.5m

 

JNEO

Journeo (#JNEO) – H1 update, expects FY in line with expectations, Heathrow contract win

 

ING

Ingenta (#ING) – H1 return to revenue growth, FY outlook “positive”

 

FLO

Flowtech Fluidpower (#FLO) – H1 revenue up, “in line with the board's expectations”

 

JHD

James Halstead (#JHD) – notes FY sales growth but various trading challenges

 

ASCL

Ascential (#ASCL) – H1 adj. profit but reported loss, argues “in line with market expectations”

 

PSON

Pearson (#PSON) – H1 adj. EPS up to 22.5p, DPS 6.6p, FY expectations reaffirmed

 

HSBA

HSBC (#HSBA) – H1 EPS $0.42, DPS $0.09, notes further recovery potential but also risk of further macro deterioration

 

BLV

Belvoir (#BLV) – H1 “underlying growth”, trading in line with management's FY expectations

 

CWK

Cranswick (#CWK) – Q1 LFL revenue +5.8% YoY, FY outlook remains in line with expectations

Sunday »

SN

Smith & Nephew’s new CEO better learn from his predecessor what not to do

 

TNT

Tintra – why is it still struggling with financial reporting?

 

FIN

Finablr – It's Thank You And Goodbye

 

Professor

Sunday Long Reads: Selling Shares in Yourself; Russian Secret Agents; Unleash the Mississippi; Prepping; Marseille vs Surveillance

 

MIN

Minoan – Half-Year Results: Progress As The Company Edges Towards A Deal

 

Quiz

The ShareProphets Sunday Pub Quiz #152

 

Top-10

Notes from Underground – Most read articles for the week ending 30 July 2022

 

Tom

Tom Winnifrith postcard - are you really happy being lied to?

Saturday »

RRR

Red Rock Resources – new financing: last chance saloon for Andrew Bell?

 

GSK

GSK: half-year update - what now after consumer health business demerger?

 

Boom

ShareStock – Final speaker announced, and there will be no videos

 

Bearcast

Tom Winnifrith Bearcast: sexual harassment, expense abuse and a disastrous IPO

 

Gold

Recession? What Recession? The View From The Montana Log-Cabin As Gold Continues Rebound

 

JSE

Jadestone Energy acquires a new producing asset and the deal looks good - buy

 

Bear

Cash Stays King for Me, Unless I Find Outfits with their Own Blistering News to Share

 

Greek Tear

Photo Article: Greek Hovel summer 2022 Old Kardamili - Tom Winnifrith

 

Greek Tear

Photo Article from the Greek Hovel - repairing snake hill at last: Tom Winnifrith

 

Greek Tear

Greek Hovel Summer 2022 Photo Article: The Kardamili war memorial - Tom Winnifrith

Friday »

FXPO

Ferrexpo – there are reasons why the shares could now bounce sharply

 

ETP

Eneraqua Technologies – “on course” for its targets, but what are they?

 

Bearcast

Tom Winnifrith Bearcast: Morality, FinnCrap and the whistleblower on a 2021 IPO disaster

 

RTC

RTC Group – interims, is the share price fall justified?

 

AIQ

AIQ – Sub-Standard Results Show Cash-Crisis Imminent At Dog listed by Andrew Monk

 

RMV

The world of Rightmove continues to get trickier

 

MHC

MyHealthChecked – new wellness tests launched on Amazon UK add to sales potential

 

IQE

The stench of Equities First, IQE and Drew Nelson - scumbags the lot of 'em

 

FEVR

Made.com and Fevertree and others – don’t wait for the coup de grace!

 

CWR

This Green and Pleasant Band is Worth a Gander on its Latest Update

 

SYME

Supply@ME Capital (#SYME) – first inventory monetisation transaction “in the final stage of its completion”, attempted ramptastic

 

IAG

International Consolidated Airlines (#IAG) – H1 loss €654m, though Q2 returned to profit for first time since covid

 

JUP

Jupiter Fund Management (#JUP) – H1 adj. EPS down to 4.2p, maintained DPS 7.9p, “challenging backdrop”

 

AML

Aston Martin Lagonda (#AML) – H1 revenue +9% YoY, but increased even adjusted loss

 

RTC

#RTC – H1 swing to loss, expects H2 “return to a more positive trading outcome”

 

SRC

SigmaRoc (#SRC) – notes H1 growth and “good momentum carried into H2”

 

RMV

Rightmove (#RMV) – H1 adj. EPS +7%, DPS +10%, “confidence in delivering its expectations”

 

YOU

YouGov (#YOU) – FY growth “in line with the board's expectations”, notes current macroeconomic uncertainty

 

CRDA

Croda (#CRDA) – H1 adj. EPS +25%, DPS +8%, expects FY “modestly ahead of previous expectations”

 

ITRK

Intertek (#ITRK) – agreement to acquire solar energy and energy storage sectors services business Clean Energy Associates LLC

Thursday »

Bearcast

Tom Winnifrith Bearcast: Flip Flop, Ben Turney, & Dan Levi go to war again

 

AIEA

Airea – interims, turnaround of the profit direction?

 

TWD

Trackwise Designs – “pleased to announce” trading report. Er, what about the going concern uncertainties?!

 

NGHT

Nightcap – how about a full-year trading update, or are the banksters insisting on a bailout placement first?

 

BT

Will I ever see my two quid and out BT Group target?

 

SEED

Seed Innovations – full-year results, still stock market listings potential ahead? Yes Sir

 

VINO

Virgin Wines – “a strong, stable and resilient business model”. Er, what about the financial downgrades then?

 

ARB

Argo Blockchain – a 1-year anniversary of major, but far from isolated, corporate governance failure

 

IBST

All good fun on a busy Wednesday (which started looking at numbers from Reckitt, Rio Tinto and Ibstock)

 

RKT

Health and Hygiene Colossus Coins More Profit and could See a Tasty Share Hike

 

Cat_Fixing_Lightbulb

You think the 2022 two day heatwave was bad and worse is to come – so when did global warming start? Tom Winnifrith

 

INCE

#INCE Group – proposed £7m placing at just 5p per share, admits otherwise “will face financial difficulties”

 

HOTC

Hotel Chocolat (#HOTC) – Japan JV enters 'civil rehabilitation' to pursue options for a restructuring

 

VINO

Virgin Wines UK (#VINO) – FY net cash down to £7.8m from £8.4m, states “looks forward to a year of growth”

 

FOXT

Foxtons (#FOXT) – H1 adj. EPS maintained at 1.1p, DPS up to 0.20p, expects FY earnings growth

 

FORT

Forterra (#FORT) – H1 adj. EPS +45%, DPS +44%, anticipates FY “slightly ahead of the board's previous expectations”

 

CNA

Centrica (#CNA) – H1 adj. EPS up to 11p, DPS 1p, “full year outlook remains positive”

 

BARC

Barclays (#BARC) – H1 EPS 14.8p, DPS 2.25p, “continues to target a RoTE of greater than 10% in 2022”

 

ITV

#ITV – H1 adj. EPS +2%, DPS 1.7p, argues “on track”

 

FRAS

Frasers (#FRAS) – acquisition of online fashion retailer I Saw It First

 

CMCX

CMC Markets (#CMCX) – net operating income currently in-line with prior year, operating costs above guidance

Wednesday »

EMAN

Everyman Media – “record half year sales and EBITDA”, but how impressive is it?

 

UKOG

After the pump – well, what do you expect from UK Oil & Gas?

 

UJO

Meet Jackie Louise Cope - she is a Union Jack owning moron

 

TGP

Tekmar – “continuation of our recent contract momentum”, but what about the balance sheet?

 

Bitcoin

Video: crypto is just beanie babies

 

SYME

Letter to FCA – Alessandro Zamboni of the Supply@ME Capital fraud: statement overdue on possible covert share dumping

 

ELCO

Eleco – “pleased to provide” half-year trading update, valuation still too high?

 

MMAG

musicMagpie – why must banksters find new ways to lose money?

 

Bearcast

Tom Winnifrith Bearcast: 2 spoofs and a dog's dinner at Parsley Box

 

CPG

Compass Share Price Likely to Point North as Latest Numbers Please

 

Greek Tear

Photo article from the Greek Hovel - a stunning cicada on my knee: Tom Winnifrith

 

MEAL

Parsley Box (#MEAL) – H1 revenue slump to £9.6m, even adj. EBITDA loss £2.1m and “cost of acquiring new customers has continued to increase”!

 

MMAG

musicMagpie (#MMAG) – H1 swing to even adj. loss and net debt, though argues “confidence”. Hmmm!

 

EMAN

Everyman Media (#EMAN) – H1 growth v. 2019, confident of FY “in line with market expectations”

 

MARS

Marston's (#MARS) – 16 weeks LFL sales -1% v. 2019, recently “food sales have weakened”

 

RKT

Reckitt Benckiser (#RKT) – interims, DPS only maintained but increases FY trading expectations

 

MOTR

Motorpoint (#MOTR) – some recent volume growth, gross margins down from previous record levels

 

IBST

Ibstock (#IBST) – H1 adj. EPS +43%, DPS +32%, H2 “expect good year on year progress”

 

BREE

Breedon (#BREE) – H1 adj. EPS +26%, DPS +40%, expects FY “at top end of current market expectations”

 

FGP

FirstGroup (#FGP) – notes “cash-generative” and “in line” with expectations, though some macro recovery uncertainty remains

 

WIZZ

#WIZZ Air – Q1 trading ramp-up, but increased loss with cost inflation

Tuesday »

MHC

MyHealthChecked – trading ahead of expectations and further share price catalysts

 

SHOE

Shoe Zone – expectations again proving too pessimistic, and to do so again?

 

Bearcast

Tom Winnifrith Bearcast: chatting to a whistleblower

 

MADE

Made.com – the grim wheels of death grind faster: target price 0p

 

TOOP

Toople dire interims, insolvency looms and is it admitting to lying to investors about money?

 

TST

Touchstar – half-year trading update, how are prospects now?

 

EZJ

Fun (or not) at easyJet, Unilever and Rolls-Royce

 

CNS

Corero Network Security – “pleased to provide” trading update, so why are the shares approaching 9% lower in response?

 

AAU

Ariana – New Exploration Licence

 

SSE

Electricity Purveyor Pledged to Produce Cleaner Power could Please the Punters

 

Greek Tear

The Greek Hovel summer 2022: Visiting the new ouzerie in Kambos - Tom Winnifrith

 

ADV

Advance Energy (#ADV) – placing for just £0.425m at 0.085p per share with warrants

 

RR

Rolls-Royce (#RR.) – appointment of Tufan Erginbilgic as CEO to succeed Warren East

 

SHOE

#SHOE Zone – trading “stronger than expected due to higher than expected demand for summer products”

 

PIER

Brighton #PIER – FY “exceeded market expectations”, argues “well-positioned”

 

EZJ

easyJet (#EZJ) – Q3 update, notes industry operational challenges and an adj. £114m loss

 

GNC

Greencore (#GNC) – Q3 update, full-year “on track for strong earnings growth”

 

JSG

Johnson Service (#JSG) – H1 update, currently expects FY in line with expectations though notes consumer spending challenges

 

CPG

Compass (#CPG) – Q3 update, increases full-year growth guidance

 

WIX

Wickes (#WIX) – Q2 LFL sales +5.4% YoY, “signs of softening in DIY and DIFM markets in recent weeks”

 

ULVR

Unilever (#ULVR) – H1 underlying sales +8.1% YoY, EPS +1%, quarterly DPS €0.4268

Monday »

WG

Wood Group - a Buy (again)?

 

Bearcast

Tom Winnifrith Bearcast: Ordering portable loos, facing being stranded in Greece and talking toothpaste with Skinbiotherapeutics

 

CEY

Centamin – Q2 update a mixed bag, but reasons for positivity

 

XSG

Xeros Technology – new CEO reckons he is to build on “the solid foundations laid”. He in for a surprise then?

 

PTY

Parity Group – emphasises ‘turnaround success’, what is it meaning financially?

 

VOD

The deep yawn continues at Vodafone

 

VLG

Venture Life – half-year trading update, how confident to be for second half weighting?

 

EVA

BREAKING: Evrima – another POS hiding the ghastly truth about its finances from investors

 

Chocolate-Teapot

How gay is your stockbroker? Champagne fuelled Diversity gala awards announced for YOU to pay for

 

EAAS

Sparky Company Advising Others on How to Save Power could Score in the Green Revolution

 

Crime-Scene

How sad, Stonewall campaigners are now child abusers - Tom Winnifrith

 

Crime-Scene

FRC sanctions against KPMG and former employees re. Regenersis and Carillion audit reviews

 

KIST

Kistos (#KIST) – increased proposed terms to Serica Energy (#SQZ), again rejected

 

PXEN

Prospex Energy (#PXEN) – raised £1.87m via 12% interest loan notes convertible at 4.25p per share

 

XSG

Xeros Technology (#XSG) – appointment of Neil Austin as CEO, good luck chap!

 

WINE

Naked Wines (#WINE) – CFO Shawn Tabak departed “by mutual agreement”

 

CARD

#CARD Factory – “agreed” that CFO Kris Lee “will leave the company following a transition period”

 

JDG

Judges Scientific (#JDG) – H1 organic revenue +7%, confident on track to meet expectations

 

VOD

Vodafone (#VOD) – Q1 organic revenue +2.7%, “in line with expectations”

 

SHI

SIG (#SHI) – acquisition of Miers Construction Products Limited for initial £28m

 

PFD

Premier Foods (#PFD) – agreement to acquire Indian and South East Asian meal kits company The Spice Tailor for initial £43.8m

Sunday »

IRON

SHOCKING: Outrageous reward for failure: how can anyone back posh twit Clarke & wannabe sociologist Eales at Ironveld

 

BRCK

It is going to get busy, but Brickability is just one for the experts (even for brick and clay fans like me)

 

SYME

Supply@Me Capital - the wheels coming off the Tradeflow deal & some more rule breaches exposed

 

Professor

Sunday Long Reads: It’s all the same, Those missing feet in the Pacific solved, Left wing Trump Lover, 30 year-old pretends to be 16, New theory of Evolution Needed?

 

Gold

ShareStock – Final Main stage speaker announced: gold guru Peter Hambro

 

Quiz

The ShareProphets Sunday Pub Quiz #151

 

PRD

Predator Oil & Gas – Director Share Sale: I’m Confused!

 

Top-10

Notes from Underground – Most read articles for the week ending 23 July 2022

 

Welsh_Flag

Photo Article from the Welsh Hovel - those long promised garden shots: Tom Winnifrith

Saturday »

OPTI

OptiBiotix Health – ‘commercial and scientific update’, remains a strong buy

 

CINE

Why Cineworld just has to be your number one short, target price 0p

 

SLE

San Leon increases its stake in OML18 but I don't see any reason to be in a rush to invest at this stage

 

Bearcast

Tom Winnifrith Bearcast: Why Julie Meyer is wrong about Greece

 

Bitcoin

Can any crypto nuts translate this gobbledeygook?

 

Gold

The View From The Montana Log-Cabin: Is Gold Starting A Rebound?

 

GetAFix

Cash, Cash, Cash! I Think it Might be Better than Shares for the Time Being.

 

Greek Tear

Photo Article from a Greek car - we're going on a fig hunt Daddy: Tom Winnifrith

Friday »

TON

Titon Holdings – my prior caution justified; trading warning

 

Bearcast

Tom Winnifrith Bearcast: Canadian Overseas Petroleum - absolutely desperate debt facility is NOT what was promised

 

UBG

SHOCKER: Unbound Group – desperate equity raise & consensus expectations omit certain costs “such as for the head office”!

 

MIRI

Another dire warning from Mirriad – bonuses for what FFS? Sack the CEO Now, this is a disgrace!

 

CCL

Thoughts on the recent announcements from Carnival plc and BT Group

 

HAT

H&T Group – shares further up ahead of scheduled interims, bank gains?

 

OCDO

Ocado remains relaxed about losing money!

 

Bearcast

Tom Winnifrith Bonus Bearcast: My own thoughts on Pires Investments and Tern, the marriage that failed

 

SYME

BREAKING: Supply@ME Capital Open Offer deceipt & Tradeflow shocker

 

ANIC

Outfit Making Futuristic Meat could See Its Share Price Rise as World Food Prices Soar

 

Fake_News

German TV then and now - how the mainstream media pushes a false narrative on global warming: Tom Winnifrith

 

SYME

Supply@ME Capital (#SYME) – desperate fundraising continues with up to £0.32m open offer at 0.05p per share, “reviewing” its relationship with TradeFlow

 

SGI

Stanley Gibbons (#SGI) – proposed AIM cancellation driven by majority shareholder, Phoenix S.G.

 

SGI

Stanley Gibbons (#SGI) – CEO Graham Shircore to step down to return to work at majority shareholder Phoenix, Tom Pickford to succeed

 

BT

BT (#BT.A) – CMA approval for Warner Bros. Discovery sports joint venture

 

MIRI

Mirriad Advertising (#MIRI) – H1 revenue fall, cash down to £17.7m from £24.5m at end-2021

 

TON

Titon (#TON) – profit warning due to the margin pressures and production and despatch issues with new ERP system

 

REC

Record (#REC) – Q1 net flows +$2bn but overall AUME -$5.2bn to $77.9bn

 

FRP

#FRP Advisory – FY adj. EPS +6%, DPS +5%, current trading “in line with the board's expectations”

 

JTC

#JTC – H1 in-line with its expectations, “good momentum into H2”

 

JD

JD Sports Fashion (#JD.) – five months LFL sales +5%, process to recruit new CEO “ongoing”

Thursday »

Bearcast

Tom Winnifrith Bearcast - the boy who cried snake!

 

OSI

Osirium Technologies – contract win, attempted ramptastic!

 

TERN

Tern – Two Drunks Fall Over And “Strategic Update” – Uh-Oh…..

 

Bear

Video: We’re Heading for a Bear Market Unlike Any Seen Before

 

Clown

Caption contest: What does a fat cat bankster do while mug investors count their losses on his small cap clients?

 

BOOM

Audioboom share dealing scandal emerges, it's colourful Robert Bonnier again

 

FUL

Fulham Shore – “not seen any shift in customer demand”, but it to come?

 

BAR

Brand Architekts – “navigated the challenging external environment”. But how well?

 

SFOR

What is distracting brothel visiting Sir Martin Sorrell to take his eye off the ball so badly?

 

EVE

Would You Adam & EVE It – Sales Down 19% As Formal Sale Process Update Suggests 0p Doom For Shareholders

 

WATR

Fiery Weather Floats the Possibility Water Intelligence Shares could Stream Up

 

GOG

Go-Ahead (#GOG) – Kelsian Group does not intend to make an offer, continues to recommend 1500p per share consortium offer

 

EVE

#EVE Sleep – H1 revenue -17% YoY, cash burn sees “focus on maximizing the business’ cash runway”

 

FSTA

Fuller, Smith & Turner (#FSTA) – sales +3% on pre-covid levels, inflationary cost pressures “showing little signs of abating”

 

MAB

Mitchells & Butlers (#MAB) – Q3 sales +0.9% versus pre-covid, “trading environment remains very challenging”

 

AJB

AJ Bell (#AJB) – Q3 customers up but AUA -7% to £68.7bn

 

CSP

Countryside Partnerships (#CSP) – Q3 net reservation rate 1.04, FY guidance unchanged at approx. £150m adj. Op profit

 

DNLM

Dunelm (#DNLM) – FY sales +16% after Q4 -6% YoY, expects FY PBT “slightly ahead of analyst consensus of £207m”

 

FRAS

Frasers (#FRAS) – FY adjusted PBT £344.8m, guidance for £450m-£500m this year

 

BVIC

Britvic (#BVIC) – Q3 constant currency revenue +11.2% YoY, confident of FY “in line with market expectations”

 

OCDO

Ocado (#OCDO) – H1 revenue down due to Retail, loss increased to above £200m

Wednesday »

Bear

Fevertree cracks and Thoughts on Cineworld and TUI

 

Bearcast

Tom Winnifrith Bearcast: Communicating with Amit, O'Hara and a man in a Paddington Dungeon

 

ART

Artisanal Spirits – trading update, still another overpriced IPO that took advantage of last year's madness?

 

CEY

Centamin – Q2 Quarterly Report: Steady As She Goes, BUY

 

RMG

More excitement (of a type) at Royal Mail

 

FIF

Finsbury Food – full-year trading update, successfully mitigating the impact of the pressures?

 

Bear

Video: Bubbles always implode

 

GENF

Genflow – directors buy small but who is selling?

 

YU

Yu Group – Half-Year Trading Update Reads Well But Leaves Questions

 

BDEV

Barratt Boosts Business in Spite of Headwinds and should Build its Share Price

 

MCL

Morses Club (#MCL) – potential customer redress Scheme of Arrangement, discussions with funders

 

GEM

Gemfields (#GEM) – “operations continue with increased vigilance” due to Cabo Delgado insurgency

 

CRCL

Corcel (#CRCL) – up to £0.6m equity raise at 0.4p per share with warrants

 

COST

Costain (#COST) – H1 net cash ahead of expectations, positive for H2

 

MHC

MyHealthChecked (#MHC) – H1 cash up to approx. £7m, further rolling out DNA testing range

 

FIF

Finsbury Food (#FIF) – FY update, “able to mostly mitigate” the impact of pressures

 

PFD

Premier Foods (#PFD) – Q1 sales +6% YoY, “firmly on track” to deliver FY expectations