Tom Winnifrith has already covered the hidden bailout placing aspects of the Integritie deal announced by Rosslyn Data (RDT) last week (HERE) but I thought it worth elaborating on the deal (which looks like a real dog) and asking the simple question: why haven’t you told your shareholders about the related-party aspects?
Regular readers here will know that I am not exactly a fan of Blenheim Natural Resources (BNR), nor have I ever been despite plenty of interest from private investors in this company.
AIM-listed Rurelec (RUR) updated the market last Thursday that its currently crocked power generation plant held in its JV Energia Del Sur in Argentina may get fixed rather sooner than first feared – even if the proposed repair sounds a bit of a Heath Robinson affair. Good news. The slightly more disconcerting news is that the Companies House website is showing an Auditor’s Resignation filing as being processed and available in five days.
Hello Share Toddlers. My weekend piece suggesting we don’t sell our shares too soon received a critical response from Uncle Tom. It’s a return to the familiar battle between me in the blue corner and the sage of Bristol in the red one.
I won’t claim to be a mining expert and will leave the technical analysis to Gary Newman who is much better at that sort of thing (see HERE); however, with the odd looking share movements and the Zorbas connection, I couldn’t resist digging through past RNS’s to find something ridiculous and what was clear is that this isn’t really a mining company at all, unless you think rinsing shareholders of cash counts, of course.
The unravel at AIM listed fraud Eden Research may be just days away. Because, its partner in crime, Terpenetech has until April 30 to file its accounts for the year to 31 July. Normally it files on deadline day. Any delays will be telling. But then so too will the numbers. Its a lose lose for the fraudsters. You will remember how this fraud worked....
Of course, of course, of course, the winner this week has to be a Cloudtag (CTAG) supporter. If moronism could be converted to energy, there would be no need of windmills and a Cloudtag supporter would be plunked into the ocean every 500 metres all around this island.
Amur Minerals (AMC) was one of the great mining junior ramps of the past 12 months. With the Sith Lord Zak Mir and Justin the Clown leading the charge using bogus charting tomfoolery and soft interviews with the CEO Robin Young, the shares surged to 15p in December at the height of the rampfest. They are now 6.25p to sell and heading sharply lower. What say you rampers? How about "Tom Winnifrith's repeated bearcast warnings were spot on and Zak & Justin The Clown were talking 100% cock as usual?"
Recent years have been ones of transition from open pit towards underground mining for Altyn (ALTN). However, production is now starting to increase again - and the anticipated marked increase from current levels looks far from discounted in the present valuation. As such, the shares are a buy
It’s annual appraisal time for the squad members with annual results for the year to 30 December 2016 due in for many of them by 30 April. It was always going to be the strong favourite that most would leave it to the last minute so thought I’d provide a quick summary of who announced and when and include some commentary on each.
Many people think that the excitement about Amryt (AMYT) is down to its EB treatment where phase three trials are now underway. Well that is a lot of excitement but there is far more as the latest news makes clear.
Hello Share Crunchers. Uncle Tom has had a pop at my humble weekend piece, which warned against an immediate fall in share prices. I will reply in my Tuesday morning contribution. But meantime, as the markets are still boring closed, I would like to bring you a few figures about the wealth of some company bosses, fulled of course by galloping share prices
This week's contest is graciously sponsored by African Potash, AIM, NEX, Chris Cleverly vehicle that is bound to hit the stratosphere.*
Concepta (CPT) has been a slow burner but we are well ahead on this share tip with the shares now at 16.6p-17p.Last autumn that it was about to sell its MyLotus kits in China and since then it has appointed a country manager and huffed and puffed but there are no sign of those sales. But you won't need to wait long. There are fireworks coming soon.
In its interim results for the six months ended 31 December 2016, AIM Casino posterboy MySQUAR (MYSQ) disclosed that it had prepayments under current assets of $174,428 and also prepayments recorded under non-current assets of $557,840 i.e. total prepayments of $733,268 or some 67% of total assets. Typically prepayments relate to payments made on property and related utilities or trade subscriptions for services covering a period extending past the year end and usually represent a tiny amount of total assets of a company and typically do not extend beyond one year.
The final two pages of listings of AIM-listed Advanced Oncotherapy (AVO) Exec Chairman, Michael Jeffrey Sinclair’s company officer posts on the OpenCorporates.com website add another 27 entities to our previous tally (after ignoring a further 6 double entries) of 113 appointments to bring the total up to 140 jobs in an illustrious career. And so we have the final scores-on-the-doors – as well as an interesting observation.
Donald Trump is promising the biggest tax cuts in US history. Reaganomics on steroids. But can the US afford it given its gaping deficit and debt? Over to libertarian gold bug and hero of the people Peter Schiff...
I'm not so sure about his call on the French Election but gold commentator Louis James makes a persuasive case for exposure to the yellow metal in this week's podcast from Palisade Capital. He argues that we have turned the corner and it’s onwards and upwards from here. When gold takes out $1400 a lot of the bears will quiet down. Now is the time to get in near the ground floor, while we still in the initial stages of a major bull run that will put 2011 to shame.
Another day and another bailout placing from Golden Saint Resources (GSR) leaves it with 8,822,256,582 shares in issue. Floated at 10p, the shares are now 0.02p but how close is it to the record books?
In a story of two Jerrys there can be only once caption contest winner. Read the funny, but losing, comments here. But the winner is...
The May edition of the UK Investor Show Magazine is live featuring three share tips from Gary Newman, the Greek meltown is worse than everyone thinks, and the EU is not fit for purpose plus a photofeature from the 2017 UK Investor Show.
The busting of a placing by AIM-listed UK Oil and Gas (UKOG) at 1p by Tom Winnifrith has caused a bit of controversy. It is not the first time he has been accused of being irresponsible by blowing the lid on a placing only for it to be pulled or the price dropped. Anyone left holding the baby gets their fingers burned – in the recent example quite badly if they had been buying into the ramp at north of 1.4p only to see the company raise cash at just 0.8p. Is it right?
The nauseating Mail on Sunday fawned upon Pippa Middleton and her ghastly family as they celebrated the "wedding of the Year". Bring on the revolution! But perhaps the real wedding of the year should be between our two very own in-house Bulletin Board Morons GrannySnuffs & Wildes who seem made for each other. can you find examples on the LSE Asylum, iii, ADVFN or twitter of comments more idiotic than those of our own dream team? If so post in the comments section below, the deadline is midnight Sunday 28th May.
Having bought itself some time by declaring an initial sack-the-board General Meeting requisition “invalid” (a revised, valid requisition announced by it at an attempted ‘no one watching o’clock’, 5:15 pm, on Friday), Infrastrata (INFA) has this afternoon made a “Review of stategic options & project update” announcement...
AIM-listed travel agent and wannabe Greek holiday resort developer Minoan (MIN) announced a small bolt-on acquisition this morning….and a placing. Oh, and an update on its debt facility due to expire at the end of June. It is disappointing to see a placing (at 9p), but in the general scheme of things it is a relatively small amount so the pill is sugared to some extent.
It was a keen competition this week. But we have found a winner.
Take a look! European investors are clearly failing to grasp the very significant financial and commercial benefits available for Orphan or Rare Disease drug developers. So much so in fact, that sector-focussed Amryt Pharma (AMYT) finds no quoted peers in London, yet a good basket of NASDAQ-listed comparables are seen to command a significant premium despite mostly being pre-revenue and somewhat earlier in their development. Such anomalies can and, of course, do rapidly correct.
Any reader of my pieces will know I hold Challenger Acquisitions (CHAL) in pretty low regard but the outrageous ramping that has now gone on for the last four trading days is an absolute disgrace and the FCA should take a look. I’ll explain.
I have already covered the dire financials of Eden Research that indicate it is just months from trading whilst insolvent as well as its panning by the Financial Reporting Council (FRC) - in response to my urgings. Now to today's monstrous half truths - I am perhaps being 50% too charitable in that description.
Eden Research (EDEN) has today published godawful results and admitted that my very good friends at the Financial Reporting Council (FRC) investigated it - after I requested such an investigation - and have forced it to restate past numbers. It claims that the FRC has now settled all matters. Au contraire. that is another lie from the fraudsters and there are many more porkies in this statement. Truly, the pants of shamed PR Paul Queenie McManus of Walbrook will be cinders and ash after this effort. This all came out as Eden published Godawful numbers for calendar 2016.
The sold-out success that was the 1st April 2017 UK Investor Show again saw five 'Dragon's Den' sessions where a number of CEOs each gave a pitch and three Dragons each picked one stock for a £1,000 investment. How are they faring so far?...
With some great investigative journalism of which this website would have been proud, Brokerman Dan flushed it out a few weeks ago. The former bank robber - correctly - stated that Andalas (ADL) was looking to raise £1 million at 0.06p and the AIM listed crock of shit suspended its shares. Today they are unsuspended after the company raised £600,000 at 0.1p. It says this is at a premium to the suspension price. But it is a spoof, Andalas is still bust. It is insolvent as of today!
Malcolm Stacey is old enough to know about King Canute. In fact he is so old that he was there as a boy when the King sat in his chair on the beach and attempted to turn back the tide. Malcolm surely you remember the day as if it was yesterday? In which case why do you forget this valuable lesson when it comes to Inmarsat (ISAT) and your article today in which you misquote me and get it wrong in so many other ways.
"A credit crunch is brewing and when it happens, the UK is going to get hurt." These are not my words but the start of the Editorial in this weekend’s Guardian. The article then went on to say "That is the message emerging from senior executives in the financial services industry, who do not think Britain has changed that much since the 2008 credit disaster and the devastating crash that followed. Three developments lie at the heart of this disturbing analysis: spectacular growth in the sale of second mortgages, car loans and credit cards." I would heartily agree with these comments as this is my experience too. But what the article fails to say is that the UK is not alone in this debt bubble - once more it is a Global issue.
Hello Share Scoopers. There have been quite a few occasions now that I’ve commended a Footsie satellite company to your attention. On each mention, as I recall, the share grew in value. However, last year the shares took a big knock.
One of the most fascinating scenes I’ve seen for some time is the sight of Big Donald jigging around with some sort of weird entertainment put on by the Saudi’s for the President's visit. It almost made me forget the big benefit of this amiable state visit on share shifters like us. And that of course is that the President’s friendly reception sent the oil price up.
An announcement from Corero Network Security (CNS) with a headline “Corero Tier 1 Internet service provider customer GTT Communications, Inc. launches DDoS Mitigation service”. Then “further to the announcement on 19 April 2017 regarding a Global Tier 1 Internet service provider customer win… announces that the customer, GTT Communications, Inc. (NYSE: GTT), has launched its DDoS Mitigation service”. “Global Tier 1” now hey! And you what? The contract win has already been announced? Ramptastic…
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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