118 days ago
Oh dear, oh dear, its another bleak morning for poor Gary Newman who I know was tempted by this to help diversify his portfolio away from his beloved Horizonte Minerals (HZM). Another day and its another dire statement from Audioboom (BOOM). At this rate poor Gary will need to start eating the roach and chub he catches at the weekend.
683 days ago
The company whose COO – who still oversees finance – is a historic fraudster, has served up yet another piss-poor trading update; it misses critical detail on the (lack of) cash front.
788 days ago
Ten Lifestyle (TENG) describes itself as a “leading technology-enabled, global concierge platform for the world’s wealthy and mass affluent” . It is also a great believer in talking about adjusted EBITDA, aka bullshit earnings, begging the question of whether it wants to fool investors or itself. Today it blames Omicron for a “profits” warning.
831 days ago
Bodged bullshit earnings plus what? Historically EBITDAM is EBITDA but also subtracting from the “cost base” either management or management excess. But a spokesperson says that PensionBee (PBEE) views this as a key metric in today’s FY trading statement and predicts adjusted EBITDAM profitability by December 2022.
2450 days ago
.Bushveld Minerals (BMN) shareholders, aka the dumbest fucks on AIM, are still largely in denial about the fact that a major placing is imminent. This is because they do not understand the difference between profit and cashflow or indeed much else about basic accounts. I will try again. Owning 27% of a company with modest EBITDA (bullshit earnings) is not the same as having a source of cashflow. In fact I bet you an ounce of Vanadium that Vametco will not generate a free cent for Bushveld this year or next.
Of course our starting point is HERE. The auditors noting that AS AT MID AUGUST 2017 the company needed to raise fresh equity pronto to keep the lights on.
