Small Cap Dog of the Day LOOP UP (TCN, PCIP, QUIZ, HSMO, RBG, DISH)

6th Aug '20 by Bluesky Ventura

27 comments 4058 reads

£LOOP

Tricorn (LON:TCN) - Tricorn one for the naughty step

Updated 16th Nov 2020

Declining from 40p to 5p today. Tricorn (LON:TCN) provides a post-trading update that the New Finance Director fines £3.6M hole in the financial statement. This is seldom with just error and is probably known to be happening by a number of personal at the company. I suspect it going to get a lot worst before the truth is known.

Sales profile 2019-2025

The Model below suggest this should be on the bargepole list

Bigdish (LON:DISH) – Buyer Beware

Updated 16th Nov 2020

Only the most guidable audience would believe today's announcement.

Translation of today's Funding Update (12th Oct 2020)

'The Company has signed a Letter of Intent (LOI) with a Central European investment group ("the New Investor") that has diverse multinational investment holdings, that is owned by an Ultra High Net Worth Individual (UHNWI). The LOI provides for a USD 5 million investment subject to key Conditions Precedent ("CPs") which are outlined below:'

Translation ;

Bigdish (LON:DISH) was unable to raise money from shareholders or the markets
The Bigdish-to-GO Saas platform is delayed to Q1 2021.
The funding available is conditional on auditing and completing the SaaS platform and Restaurant acceptance of BigDish-to-GO and business plan.

'If successful, the investment would be made into a Special Purpose Vehicle (SPV) to support international expansion and would not be dilutive to the Company.'

Translation;

Deare shareholder we think its best if we don't tell you how onerous terms of the agreement will be

'The Company has been managing its cash position and in order to ensure the successful build-out of the SaaS platform has secured a short term loan from an investment company of £540,000. These funds would be used to include increasing the size of the technology team in order to facilitate the build-out of the SaaS platform. This short term funding will ensure that the Company has sufficient runway until the end of the second quarter of 2021 and to ensure the CPs are completed. Loan repayments will be due in the second and third quarters of 2021.'

Translation;

Deare shareholder we think…

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Bluesky Ventura

9th Sep '20

Quiz (LON:QUIZ) added to Dog of the Day.

BSV

Rusty2

Shares are up 5%?

Let bring out the champagne.

Hardly dog of the day then?

OK, it just an opinion.

Good luck with your investments.

How about Newmark Security (LON:NWT) and M Winkworth (LON:WINK) ?

bryans1311

Herbie, BSV has an agenda.

Hi Herbie47,

I did not get time to look either in detail but Stockpedia rates them well with a stock ranking of 85 and 97. Again wish you luck if you hold them.

As for $QUIZ, I'm not even sure finance director's with their double enter maths can be sure of the outcome for this company.

All the best

Thanks, Bryans,

Please feel free to fully express what you want to say.

If anyone really wants to know why I write this. Well, it simples it my method of looking at the detail to understand if to invest or short a position. I share the information with others out of a desire for civic duty.

I don't hold any of them. I just went by the biggest fallers on Stockopedia list. To me they are the dogs of the day.

OK cool,

We are just looking at different things.

In your case price action for the day represents the dog of the day.
In my case business valuation

10th Sep '20

Hammerson (LON:HMSO) updated

16th Sep '20

I model how turnover rents might affect companies like Quiz (LON:QUIZ), using information from fashion united. I don't think it removes risk from poorly performing businesses but would help for a second lockdown. Recommend you read the update and come to your own conclusions.

17th Sep '20

Pci- Pal (LON:PCIP) added

24th Sep '20

Bigdish (LON:DISH) updated.

27th Oct '20

Quiz (LON:QUIZ), Seem like my -38% sales forecast in the report was optimistic(see above report). the business seems in terminal decline due to a poor proposition to the retail consumer.

DYOR

16th Nov '20

Tricorn (LON:TCN) added

stevenhume

29th Jan '21

Good analysis of BigDish. There are a few out there like this. Toople LON:TOOP is another example of a company that announces contract wins then tries to raise money. No doubt the directors do very nicely.

Hi Steve,

If only they could win contracts that pay money. What they say is just too funny. The last comment being

'The Company is confident that this amount along with the balance of the short term funding will be more than adequate to stretch the funding runway beyond the end of the second quarter of 2020.'

Did that not happened 4month ago.

Let hope too many people did not get caught up with the pumping of the stock.

26th May '21

Revolution Bars (LON:RBG)

FXXkME more dilution, good luck holders with this dog.

Small Cap Dog of the Day LOOP UP (TCN, PCIP, QUIZ, HSMO, RBG, DISH)

£LOOP

Tricorn (LON:TCN) - Tricorn one for the naughty step

Bigdish (LON:DISH) – Buyer Beware

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Bluesky Ventura

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