Caracal Gold presents at the UK Investor Magazine Investor Presentation June 2022.
Caracal Gold are in a position of strength. Ongoing production is helping fund a substantial exploration programme in Kenya and Tanzania having secured positive early evaluations of a number of projects. Caracal Gold CEO Robbie McCrae provides a comprehensive oversea of their portfolio and provides further insight through a Q&A.
Genflow Biosciences present at the UK Investor Magazine Investor Evening June 2022.
Genflow Biosciences are developing life-prolonging and longevity therapies for use in humans and animals. Their focus is on improving the quality of life while helping people live a fuller life. This presentation includes a delve into the science and the current state of the longevity and age-related market.
SulNOx Investor Presentation at the UK Investor Magazine Summer Investor Evening June 2022.
Ben Richardson, CEO at SulNOx, delivers the SulNOx investment case highlighting the progress the clean technology company has made since inception. SulNOx technology reduces the emissions of fossil fuels with a particular focus on Heavy fuel oil used in shipping.
Another of last year’s AIM flotations is doing better. Good results and forecast upgrades have pushed shares in Kitwave (LON: KITW) higher. The grocery distribution business benefited from a sharp rebound in the foodservice division as lockdowns came to an end. The ambient groceries and frozen foods businesses also grew, and all the divisions are back to pre-pandemic volumes. Cash generation is impressive and that will help to reduce net debt and fund add-on acquisitions. The 2021-22 pre-tax profit forecast has been increased from £13.5m to £18.7m. The share price has been declining in recent weeks, but it bounced back 10% to 151.25p, which is just above last year’s placing price of 150p.
Lighting prospects has dimmed the share price of consumer products supplier Supreme (LON: SUP) and it has slumped 31% to 87p. In the year to March 2022, underlying pre-tax profit was 6% ahead at £17.4m. The vaping business continues to grow and is the largest profit contributor, while the batteries division provides good cash flow. Even so, a fall in pre-tax profit to around £14m is expected for this year because of a sharp drop in lighting sales, partly due to destocking.
Canaccord Genuity has upgraded its forecasts for currency trading services provider Equals Group (LON: EQLS) following its trading statement. Interim revenues have jumped from £16.9m to £31.3m, thanks to a large increase in solutions revenues. There is £15.1m in the bank. The full year pre-tax profit forecast has been raised from £9.8m to £10.8m. There was a 10.8% increase in the share price to 87p following the news.
Nanosynth Group (LON: NANO) continues its share price rise. Executive directors have been buying shares at 0.48p. The share price has risen a further 37.9% to 0.495p.
There has been some profit-taking at MySale Group (LON: MYSL) and Inspirit Energy Holdings (LON: INSP). MySale has fallen 17.1% to 3.4p, while Inspirit has declined 12.5% to 0.0525p. They both remain higher than at the start of last week.
The FTSE 100 sank on Tuesday as investors fled risk asset over fears further rate hikes could cause a central bank induced global recession.
Lower volumes make moves in stocks more pronounced and after a jump yesterday, London-listed shares took a step back as investors accessed the threat of inflation and a possible recession.
The FTSE 100 was down over 2% at the time of writing while the Euro hit a 20-year low against the dollar as markets questioned the ECB’s plans for monetary policy.
Cyclical weakness
Early declines were led by cyclical stocks with WPP the biggest faller in morning trade, off nearly 5%. The advertising agency would suffer during a recession as the world’s biggest advertisers – which are typically consumer brands – tend to reduce spending during economic downturns.
However, in the afternoon WPP was overtaken by commodities companies who displayed signs of disappointment about the state of the Chinese economy.
“Reports that China is planning a $75 billion infrastructure fund to revive economy has failed to lift demand for iron ore, with factories cutting production. Iron ore prices have slipped again reaching $113.4 a tonne, a level not seen since January.That’s keeping commodities giants Anglo American and Glencore on the back foot in early trade,” said Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown.
Anglo American and Glencore were both were down over 7%.
Oil majors Shell and BP were weaker as the energy situation in Europe became ever tenser following reports German gas company Uniper was seeking a €9 billion.
Selling in oil companies picked up in afternoon trade as oil prices fell on fears of an economic slowdown.
Defensive positioning
The FTSE 100’s gainers were dominated by defensive plays with pharma stock Dechra Pharmaceuticals providing some support for the index as it rose 4%.
Sainsbury’s edged marginally higher following a ‘so-so’ update that pointed to a drop in sales that was largely influenced by a bumper period a year. Sainsbury’s also said they were feeling the pressure of discount competitors, but were preparing for a battle over prices by matching over 200 lines with discounters.
Research by CMC Markets has revealed Tesla has been searched the most times by investors across Europe.
The term “Tesla stock” was searched for the most frequently by 24 countries across Europe, providing valuable insight into the shares investors seek information on most often.
This highlights a great interest in Tesla shares, but it is open to interpretation whether this is lagging indicator in as far as the searches made by current holders, or possibly a leading indicator of investors preparing to buy the stock.
Tesla shares are currently down 435 year-to-date.
So-called ‘Meme Stocks’ AMC and GameStop were among other popular searches.
| EU Country | Most searched Stock AHREFS | Monthly Searches |
| Austria | Tesla | 14,000 |
| Belgium | Tesla | 74,000 |
| Bulgaria | Tesla | 12,000 |
| Croatia | GameStop | 12,000 |
| Cyprus | Tesla | 6,900 |
| Czech Republic | Tesla | 25,000 |
| Denmark | AMC Entertainment Holdings | 119,000 |
| Estonia | Tesla | 20,000 |
| Finland | Tesla | 93,000 |
| France | Tesla | 44,000 |
| Germany | AMC Entertainment Holdings | 119,000 |
| Greece | Tesla | 23,000 |
| Hungary | Tesla | 29,000 |
| Ireland | Tesla | 19,000 |
| Italy | Tesla | 88,000 |
| Latvia | Tesla | 7,600 |
| Lithuania | Tesla | 11,000 |
| Luxembourg | Tesla | 4,700 |
| Malta | Tesla | 6,200 |
| Netherlands | Tesla | 164,000 |
| Poland | Tesla | 41,000 |
| Portugal | Tesla | 26,000 |
| Romania | Tesla | 23,000 |
| Slovakia | Tesla | 3,000 |
| Slovenia | Tesla | 12,000 |
| Spain | Tesla | 68,000 |
| Sweden | Tesla | 205,000 |
“We’re seeing Tesla dominate interest in the stock market across the EU. The company is a major player in the stock exchange, and an industry leader across the electric vehicle (EV) market. Millions of people want to invest in a company with such a high reputation,” said a spokesperson for CMC Markets.
“There is also the environmental aspect which many people are drawn to. Tesla is a brand that positions itself as eco-friendly, and many people, particularly in the EU, want to associate themselves with brands such as these.”
“As fuel prices continue to rise all over the world, investors are looking to put their money into brands which can offer the best financial return in the future. As the EV market continues to grow, Tesla can be expected to increase in revenue in the future.”
Sainsbury’s have reported a 4% drop in like-for-like sales in the 16 weeks to June 25th as the cost-of-living crisis drives shoppers to discount stores. The drop in sales was also impacted by a stronger period last year due to the pandemic.
However, Sainsbury’s sales were 8.7% ahead of pre-pandemic sales highlighting the overall momentum Sainsbury’s has built over the past few years.
Sainsbury’s shares were trading 1.5% higher at 211p at the time of writing.
“Sainsbury’s is facing the double whammy of a decline in like-for-like sales growth because of today’s cost-of-living crisis and the inflated results of last year’s COVID restrictions, plus some unpleasant flak over its stance on the real living wage,” said Alex Smith, Global Sector Lead for retail research at Third Bridge.
“Discounters are expected to continue to gain market shares from the big four supermarkets. Sainsbury’s will look to reduce their margins on fresh food to be more competitive.”
Sainsbury’s are fighting back against discounters Lidl and Aldi with their Sainsbury’s Quality range that matches Aldi on 240 lines.
After the recent takeover of Morrisons, Alex Smith highlighted that Sainsbury’s is still a possible takeover target, despite there being no reports of formal interest at the moment.
“Sainsbury remains an attractive takeover target. Our experts say that UK supermarkets have a high entry barrier and have been undervalued for a long time,” said Smith.
Morrisons was acquired in a £7 billion takeover by private equity which is set to be approved by the regulator soon.
Power Metal Resources presents at the UK Investor Magazine Summer Investor Evening 2022.
CEO Paul Johnson takes us through Power’s 14 projects and drills down into their most important assets and the metals Paul sees significant future value in.
