One Bulletin Board Moron is already under FCA investigation this week for impersonating me and suggesting, inter alia, that Cloudtag (CTAG) shares would treble from here. They won't it is heading to 0p. But whoever tomwinnifrith is is so obviously the moron of the week that everyone else is competing for second place. So nominate away with any example of extreme stupidity from twitter or Bulletin Boards The deadline to enter is midnight on Sunday 5 March. Do your worst in the comments section below.
AIM listed Eden Research (EDEN) has been engaging on fraudulent deals with related party company Terpenetech for six years now. The first deal was a sale which Eden booked but Terpenetech never paid for. Who cares, Eden kept that debt as a current asset for 5 years. Sure the auditors should have kicked up a fuss, the Nomad should have objected but this is AIM who cares about fraud! Of course the far bigger £600,000 fraud waited until August 2015. It was a panama pump classic as you can see here - but this is AIM and Nomad & broker ShoreCap wanted to earn big commission do a placing so everyone again turned a blind eye. But now the cover up is falling apart.
Libertarian gold bug Peter Schiff is one of my heros and his latest podcast reminds us all why the stockmarket may be hitting recorcd highs but it is clearly way overvalued.
Poster child for the dogs on AIM heading for zero is Avanti Communications (AVN) which plumbed new lows this week with a dreadful H1 statement. For a supposedly maturing business to have interest expenses more than turnover is astounding. This is a product of its recent insane more-debt-for-debt swap.
2017 will be a lucrative year, as we have seen the bottoming of the bear market. Uranium appears to have reached it’s bottom in early December. We are in the beginning of a new uranium bull market which should last for three to four years. The agriculture minerals are under-invested and phosphates may be a straight forward play. And gold shares will also have a run.
I answer an email from a reader who reckons the Vlachs, (world's greatest living expert, or so he says, Dr TJ Winnifrith), are really Jews and that opens up a wider issue of Jewish settlements in Greece. Then the main issue of the podcast, why Avanti Communications (AVN) will go to Zero? Quite simply its business model is flawed. There are other red flags to consider but I strike at the crux of the matter.
When AIM uber dog Advanced Oncotherapy (AVO) announced that instead of going for non dilutive funding ( as no-one would provide it) it was being forced to resort to a dreadful £13 million death spiral from loan sharks Bracknor, its shares were 65p. When the death spiral started the shares were 58p. Now it just £100,000 of the death spiral loan notes on the first £1.3 million tranche converted, the shares are just 43p to sell. Bracknor now has three reasons to panic.
Lonmin PLC (LMI) was one of my best performing share tips during 2016, and following the recent pullback I think it is well worth another look.
Some of the bulletin board morons have mocked ShareProphets for asking for donations to the Fighting Fund, accusing Tom of having the begging bowl out. The truth is: it works and the alternative is terrifying.
The February edition of the UK Investor Show Magazine is live featuring 7 share tips, company profiles, and stocks to fall in love with plus much more.
Yes, I shall be recording my first ever joint bearcast - if one excludes ones where Oakley has chipped in. The date is April 1, my opponent is Paul Scott. Will it be TrakM8 or checkmate? The venue London in a new bonus session at UK Investor Show. I explain more about this total one-off in today's podcast. It is 4 weeks to the day to UK Investor and tickets are 85% booked out so if you are not booked in book NOW! On this podcast I also look at Brave Bison (BBSN) and TrakM8 (TRAK) and how cost cutting can itself prompt a cash crisis. I look at Audioboom (BOOM) with a more generous eye. I look at Glenwick (GWIK), now booted off AIM, which stinks. And I look at the idea of investing in shite companies to make money, ref Red Leopard (RLH) and Cynical Bear. This also brings me to ECR (ECR) where we own shares and I now see arch ramper Big Gib is on board. Over to you Big Gob do not let me stop you!
This is becoming a regular Friday feature - an after hours offer from Primary Bid for increasingly credible placings. The last one was Ascent at 1.85p - its shares, 3 weeks later, are 2.375p which is great news for our readers who took part. Next up is Versarien (VRS) which is raising £1 million at 15p.
My second punt for the weekend is even more rash than my first, but having seen Chris Akers pull off a bit of magic at EVR Holdings (EVRH), I’m struggling to resist a little dabble at Red Leopard Holdings (RLH) which he rescued this week with a £250,000 investment.
The unbelievably benign state of the market was underlined this week by its generous reaction to bad news from Cobham (COB). On good news shares go up big time. On bad news, these days, shares just go up.
With Cheltenham Festival around the corner, I thought I’d throw caution to the wind this weekend, cast my cynical nature to one side, and come up with a couple of cheeky punts that I think may pay off. What could be more fitting for my first than the gambling business, Webis Holdings (WEB).
ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) has been taking up a cell in the Casino’s Death Row since its shares were suspended pending accounts on 21 September 2016. Under AIM Rule 41 it has just days to release numbers or become the 25th departure from the Filthy Forty. Whatever happened to the links to Unionpay? The e-wallet? The software? And is Interim CEO Craig Niven again about to preside over the collapse and disappearance into the ether of a Lin brothers fiasco?
ShareProphets AIM-China Filthy Forty poster-boy Asian Citrus (ACHL) updated the market yesterday that in the light of ongoing allegations of fraud which have thus far prevented release of audited accounts for the year to June 2016, it has now concluded that it won’t get its interims to December out on time either. The shares have been suspended since September 28 last year and now with two sets of numbers outstanding and a deadline under AIM Rules of the 28th of this month to meet or face expulsion from the Casino the fat lady is already humming a merry tune as she gets the lethal injection ready.
Hello Share Swappers. We are now living in even scarier times than usual in Shareland. What with Brexit, Big Donald, a possible new cold war, inflation and growing world debt. We are also being frightened witless by the continuing shocking revelations by Uncle Tom and his top team of investigators. If I were running a shaky company, especially one on AIM, I would not be sleeping - ever.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Shares in spoken-word audio platform company Audioboom (BOOM) are currently recovering above 3p on the back of a “First Quarter KPI Update” announcement. Hmmm, let’s take a look…
The March edition of the UK Investor Show Magazine is live featuring 7 share tips, company profiles, interview with Richard Poulden of PCGE, why we fight fraud & fake news on Channel 4, Donald Trump, Marine Le Pen, a look at the banksters and much more.
Well this is a company that will sponsor any old crap and let's face it, 95% of Bulletin Board Morons post on the LSE Asylum. As the countdown to the fraud Cloudtag (CTAG) being booted off AIM next week accelerates you kind of sense which stock will be the focus of most entries. The competition rules are simple. Just nominate the daftest post on a BB or on twitter in the comments section below. Once again, our in-house semi-trained loon Wildes is allowed to nominate his own posts. The deadline for entries is midnight on Sunday 26th March. Post away!
David Buik is one of those City grandees you are not allowed to criticise. It is like having a go at the late Queen Mum or beating baby seals to death. In that vein he sent out a wteet today which is wrong but I am not sure why exactly.
I comment on the hopeless response of smug MPs and the established media to yesterday's terror attack on my own website in a podcast HERE. On the markets I look at expectations management at Next (NXT), at how we know or knew about the balance sheet at Toople (TOOP) covered HERE by Cynical Bear or Advanced Oncotherapy (AVO) heading for 0p and covered in detail by me earlier HERE. I look at Public Services Properties (PSPI ) and what its AIM casino departure says about RTOs and contingent liabilities - which reminds me again of New World Oil & Gas (NEW). Finally I have a detailed look at the strange world of Paternoster Resources (PRS), not a stock you have to own in any way. PS Cynical Bear is not me. Can you see any typos in his articles?
The Mrs (on maternity leave) is off galavanting somewhere. Eight days ahead of UK Investor, the busiest time of the year, I am babysitting. I am such a god damn frigging feminist. Anyhow I record this in terror lest Joshua wakes up. In today's podcast I explain why you cannot finesse a trade on a fundamental play and discuss Minoan (MIN) and Wishbone (WSBN) in that vein. I look at Digital Barriers (DGB) the latest triumph from Cloudtag (CTAG) moron in chief Liam Nichols. I discuss Tethys (RPL) which like Cloudtag is soon to leave the AIM Casino, Nyota (NYO) and London Capital (LCG).
When running Broken Hill Resources (BHR) into the ground Murray D'Almeida threatened shareholders to vote for a crap deal at a GM or face wipe-out. Despite the infamous hairdresser sham placing, shareholders voted against Murray and his colleagues on the "screw you - we hate you so much" principle. Now with D'Almeida pulling strings at Management Resource Solutions (MRS) as a consultant - to avoid GM eviction shame see HERE - the same threat is being used.
If no Nomad is prepared to act for the FRAUD Cloudtag (CTAG) then its shares, now suspended, will be booted off the AIM Casino. No AIM = no death spiral funding so it will - very soon - run out of, other people's cash, and will go bust. But the first step is being booted off AIM. And, inspired by liar Amit Ben Haim, we have a useful countdown clock until that ouzo moment. Enjoy.
You might hate bear raiders. You might think that short selling is unethical. But what you cannot argue with is that ignoring men such as Evil Knievil when they sniff out a fraud or accounting malpractice will cost you a packet. At last year's UK Investor Show the Country's top bears did a detailed presention on AIM darling Avanti Communications, one of the AIM companies most beloved by professional fund managers. Since that warning Avanti shares have collapsed by more than 90%. This year the bears have new targets.
Hello Sharemates. As predicted on this glorious website some time ago, the share price of IQE (IQE) would fall on reporting day - and then recover. In the event when the figures were revealed on Tuesday, the shares fell by about 12%. This was not logical, as the results were rather perky, as I outlined at the time.
The fellow or lady from the Costa del Crime is yet to tweet but he (or she) has a cracking portfolio as you can see on his/her profile, headed up by the fraud Cloudatag (CTAG). In light of that I wonder if you would care to suggest a first tweet as our caption contest with a twist. Submit your entries in the comments section below. The deadline is midnight tonight, 23rd March
Writing last month on Flowgroup (FLOW) I noted the shares down below 6p, having been 25p+ less than a year ago. Having fallen further, to sub 4p, they have currently recovered to 5p following a couple of recent announcements…
The demise of Gametech PLC the next venture of Jason Drummond after the Teather's (TEA) debacle looks clear - so much for a stockmarket float care of London's worst Nomad Roland "Fatty" Cornish. We revealed the Gametech was heading for tits up town HERE last week. Now Mr Drummond's apparent arch enemy Richard Skelhorn has bitten back with an official statement relating to that article:
Shares in surveillance technology company Digital Barriers (DGB) are currently more than 17.5% lower, at 25.5p, on the back of a “Trading Update” announcement. Trading warning ahoy! You were warned…
With funds replenished by the recent placing the new management team at ECR Minerals (ECR) is - as predicted - not hanging around. The shares are well up on our share tip at a 1.7p offer, at 1.9p-2.05p. If you can get stock at 1.9p you should do so - our target to sell remains 2.5p+ and we expect to be there soon. The newsflow is only just starting.
Specialist electronic equipment manufacturer and components distributor Solid State (SOLI) has made a “Trading Update” announcement – and the following reviews with the shares currently more than 10% lower, at around 450p, in response…
Shore cap is House broker to Amryt Pharma (AMYT) so everything it writes cannot be said to be any way shape or form impartial. And since we own a shed load of the shares we are biased as hell too. Having said that this note is detailed and lifting the target price from 35p to 88p in light of recent news is pretty dramatic given that the shares were 18.5p on Friday when this "most excellent" research note came out.
I have just noted that my old pal "thirsty" David Bick is doing the PR for hedge fund Crown Ocean in its battle to oust the shamed, discredited and unwanted board and management at Bowleven (BLVN). If you are in a scrap with utter scumbags having Bick on your side is no bad thing as he is the king of this form of trench warfare, gutter warfare. Team Crown issued a statement on Friday which is damning. You will remember that the management of Bowleven is still in place despite shareholders voting most of the bastards off the board and now they are trying to flog the company. Crown - quite correctly - smells a monstrous rat. It states:
Together Robert Sutherland Smith and Tom Winnifrith have now been working in finance for 71 years - the last ten or so together. Tom wishes to stress that RSS accounts for most of that, the great value investor starting his City career at the Unilever Pension Fund the year before Tom was born. In this book they outline 71 tricks of the trade for making money from shares.
Get the first ShareProphets Pocket Guide ebook, EIS - Buying shares with numerous tax breaks. Want to cut your income tax bill, get loss relief if your AIM listed shares go down, pay no CGT, avoid IHT - EIS could be the way and this book explains how.
Most investment books seem to be large enough to keep the front door open and while some contain gems it is hard to find them amid the verbiage. The aim here is to produce a short guide which simply cuts to the chase. I hope that it will provide food for thought for everyone from beginner to expert but whoever you are it should be quick and easy to read and digest.
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