The past couple of weeks have witnessed not so much a pullback in stocks, but a rather strange kind of undertow for bulls of small caps. This could of course mean it is the end of the party which has been in place since the autumn, mixed in with the prospect of a return to vaccine led reality? At the very least, it could mean that the period in which a blind monkey could throw darts at the back page of the FT and make money, is probably over. As the week ended, we were once again reminded that in uncertain times, perhaps the best way to win in the stock market is to follow the big fish, or indeed, the “whales.”
Such buying was certainly evident in the form of a TR1 at All Active Asset Capital (AAA)* where billionaire “DVR”, via his Ramsey Limited where he went up a stake just under 4% to 4.93%. This pushed up the share price of AAA by 9%.
Of course, another trading day, another TR1 top up in Ridgecrest (RDGC), with one half of the Mahtani / Patel tech investor tag team, Ashok Patel moving up from 4.43% to 5.03%. Shares of the shell were up nearly 5%, something which suggested that recent TR1 buying has finished taken up the slack on the stock.
Diversified investment company Gunsynd (GUN) unveiled another winning trade in the form of Rogue Baron, a premium spirits company, and investee company of Gunsynd. Rogue Baron is expected to be admitted to trading on the Access segment of the AQSE Growth Market on or around 12 March 2021. Gunsynd said that on admission, it will hold24,543,563 ordinary shares in Rogue Baron, representing 28.48% of its issued share capital, and it will retain a balance of £111,464 of Convertible Loan Notes consisting of accrued interest.
While the bulls may have been under pressure over the recent past, there have been one or two exceptions where the bears have been on the back foot. This was evident at vertically integrated CBD group, Zoetic International (ZOE). Here the shares ending the week up another 6% at 98p, having peaked during the session at 100p – precisely £1 above the short attack target on the stock.
Speaking of bulls, one could tell that there are buyers around the stock market, from the vertical rise at Premier African Minerals (PREM), to make it one of the top risers of the day. Indeed, the rise was so sharp it was enough to trigger a “speeding ticket” RNS, one of the most anti-capitalist inventions known to the human race. Premier said that it, “notes the recent movement in the Company’s share price and the on-line speculation regarding the status of the Company’s exclusive prospecting order applications (and) will notify the market as and when (it) receives any official communication pertaining to the status of Zulu’s EPO application.” Despite the obligatory speeding ticket, Premier shares were up 67% nonetheless.
While the pendulum has been swinging for and against the COVID-19 testers in recent months, it may be that the vaccine passport concept is a winner which is here to stay. This point was backed up to end the week in the form of a 19% share price rise for Catenae Innovation (CTEA). Indeed, the latest news that Cyprus will be happy to welcome tourists who can prove they have been vaccinated against the virus. Given Catenae’s links with the UK Government and its GDPR compliant technology, investors were taking the view it would be in the box seat as far as any progress in the digital passport area is concerned, Stone Roses fans notwithstanding.
The week ended on a high note for Arc Minerals (ARCM), as the company said that Arc MInerals it was pleased to announce that it has appointed Rothschild & Co as its retained financial adviser, effective immediately. It was also on the receiving end of a near term technical target of 10p plus – although perhaps from a source with slightly less pedigree. Nevertheless, the shares closed up 11% at 6.75p.
On the Aquis Exchange, there were a couple of highlights to focus on. The first concerned Upper Thames Holdings, the company soon to be known as Valereum Blockchain, where Richard “Wishbone Gold” Poulden is Chairman. The company said it has initiated the launch of its first series of securitised derivative tokens (digital assets) on a fully regulated cryptocurrency exchange. It is anticipated that the first tokens will be launched within 2 months and will provide a blockchain bridge between the conventional debt and equity markets and the multi-billion dollar crypto currency assets across the world. Shares of Upper Thames, the future Valeureum Blockchain, closed up nearly 3%. Serial entrepreneur David Lenigas has 10.93% of the company.
A company which might by virtue of recent events be in the spotlight is Quetzal Capital (QTZ), which changed its name from the more catchy Welney last summer. Here the highlight is that serial entrepreneur Chris Akers is sitting on a 9.4% stake. With a market cap sub £1m this company fits the bill as a ground floor situation.
Zakmir.com is a purely journalistic website – Zak Mir is a member of the National Union of Journalists. There is no intention here of providing financial advice. It is recommended you seek an independent professional opinion before deciding whether or not to take any action with regard to anything written here. The author may or may not own shares in the companies mentioned.
*The author owns shares in All Active Asset Capital.