Back on 30 October 2015 long suffering shareholders in Environmental Recycling (ENRT) were promised a change of direction, a new beginning. Having seen its shares plunge from 150p, when it sent me a barrage of lawyers letters for pointing out that it was a total fraud back in 2005, to just 0.05p today the punters must have had some hope at last. But today Environmental ( formerly 3DM) fessed up. As disgraced Michael Walters who has tipped this piece of Turkish for 14 years and who told his readers to report me to the FSA for exposing the fraud, would say "oh dear, oh dear".
A “Project Update” from Edenville Energy (EDL); “Preliminary earth works have now commenced at the Mkomolo deposit site”. Hmmm – sounds like the type of announcement before discounted placing ahoy, and looking at the financials here… surprise, surprise!
A past winner of the post show pro-celeb pizza making contest, Louis Coetzee here presents for Kibo Mining (KIBO). Enjoy.
Earlier today Malcolm wrote a buy note on Land Securities (LAND). In this podcast I explain why I disagree with his analysis of that stock but also of the wider commercial property market in light of recent news.
Miles Pelham had only been in the job a few minutes but pitched up at UK Investor to present on behalf of Obtala resources (OBT). Enjoy
Sentiment is changing which means that shares in smaller mining companies are now set to have a run. Many smaller prime companies have been ‘gobbled up’ leaving room for smaller explorers to come in.
Having written a series of pieces earlier in the year on Craven House Capital (CRV) detailing various reasons as to why I perceived to be an almighty spoof (HERE), I am part astounded and part confused by yesterday’s placing announcement at a massive premium to the share price.
Foreign property investment enjoyed a boom in the mid-2000s, with a score of new vehicles listing in London and elsewhere. Many of these turned out to be poor or terrible investments. Perhaps we can find some value amongst the rubble: Eastern European Property Fund (EEP), which released its annual report on Tuesday, is trading at a stonking discount to NAV that adventurous investors might find too difficult to ignore.
I find Octagonal (OCT) such a frustrating stock as, at the heart of it, there appears to be a decent business that can throw off cash and that potentially looks undervalued using standard valuation metrics but while the CEO and major shareholder, John Gunn, continues to use its bank balance as a personal investment piggybank, I have to leave it well alone.
Hello Share Pushers. I don’t think I’ve looked at Land Securities (LAND) before, but it looks like a reasonable place to put one’s hard-earned. At least the epic code is easy to remember. It goes without saying that it’s a company which owns a lot of land. And as the UK population keeps on rising that’s a nifty asset to have.
In less than three days more than 150,000 people have watched this crowdfunded movie. Forget Government pro EU propaganda paid for with £10 million of YOUR cash. This is a compelling case for Brexit which did not cost you, the taxpayer, a cent. Watch it and pass on the link.
I was in a great mood this morning. I am now in an awful mood and explain why. After that I cover Ten Alps (TAL), Lakehouse (LAKE), Inspirit (INSP), Alecto Minerals (ALO) and Imaginitik (IMTK). I am now off to slash some more fecking frigana while thinking about certain folks in the Square Mile.
8th March 2016: Ten Alps plc (TAL) “remains on track to generate a full year profit for the first time in a number of years and to continue momentum into the medium term”. 17th May 2016: “The group has continued to sustain losses in certain parts of its publishing operations, the turnaround of which has taken longer than expected. These continued losses are likely to result in the group not being profitable for the year as a whole”. Uh oh…
There has been a real attempt to ramp Inspirit Energfy (INSP) on a six month timeframe ahead of today's placing. There were tweets from my fave Monaco based Colonial with whom I have a summer truce and whom I thus shall not mention, the utterly meaningless share purchases (spoofed ya!) by John Gunn and a series of soft paid for interviews with Sith Lord Zak "Judas" Mir and others when Mr Gunn said there was no need for a placing. So today there was a placing.
If you wanted to line up a top notch list of advisors to an AIM casino stock you would not go to POS Golden Saint Resources (GSR) for advice. It really has gone for the holy trinity of hopelessness.
Internet media company blinkx (BLNX) headlines its results for its year ended 31st March 2016; “Company records 68% growth in Core programmatic revenues while simultaneously reducing annualized operating expenses by $40M, during a year of rapid Industry evolution and reaffirms its expectation to return to full year profitability1 in Financial Year 2017”. All good then? Er, not quite…
I would like to say that Quindell (QPP) fraudster Rob Terry has Time on his hands but I imagine that using the words Time & Rob Terry in the same sentence might make him feel uncomfortable. Anyhow I am delighted to see that his new ponzi, Knob Park has at least, well in fact just, one fan.
This has been a long time coming, but surely now it is clear that AIM-listed SeaEnergy (SEA) is toast. This morning came an RNS which spills the beans, although the company STILL failed to spell out the grim truth to its lobster-potted shareholders.
In the third Dragon's Den session at UK Investor Show the Dragons were myself (Tom Winnifrith) Steve Moore and Brian Kinane. The companies pitching were United Cacao (CHOC), Premaitha (NIPT), ECR Minerals (ECR), Forbidden Technology (FBT) and Asiamet Resources (ARS)
The petty criminal, market abuser and deluded fantasist Chris Oil has announced that he is to quit social media and to stop posting on his tedious blog. He fails to explain why but he has put out a pompous statement on his blog echoed in a tweet. I bring you highlights of Oil's two years on Social Media below but first his blog statement which reads:
The April edition of the UK Investor Show Magazine is live featuring Metal Tiger, BMR, Harley Investments, Action Hotels and much more.
Making money from shares is simple. Well it should be. Buy cheap. Hold. Hold. Hold. Hold, and finally sell when the shares have delivered you big gains. Where so many folks go wrong is getting impatient and not being prepared to hold, hold, hold. Let us tell you about Symphony Environmental (SYM) which we tipped at a 6.75p offer just over three years ago. It did nothing for ages....
This week's contest is graciously sponsored by African Potash, AIM, NEX, Chris Cleverly vehicle that is bound to hit the stratosphere.*
Before I call it a day I want to see the victims of the African Potash (AFPO) fraud get some of their money back, even if some of those victims were fairly beastly to me as I exposed the fraud. Friday's bombshell from Potash shows the game is up but the big frauds happened before this worthless enterprise was booted off AIM. To that end I have been working to help put together a legal action. That action is now almost underway and Peter Petyt, the man running things, wrote to more than 50 victims who have come forward at the weekend. If you lost money and want to try to get it back it is not too late to contact Peter. His letter & contact details follow.
In this video from the storming success that was the 2017 UK Investor Show, Paul Scott finds Nigel Wray's and Paul Mumford's investment strategies. And make sure that you keep April 21 2018 free for next year's UK Investor Show.
Artificial political constructs never last. The EU is great for the “elites” in Brussels; not so much for the average citizen and the tragedy of monetary union is that Europe's political class has gone to extreme lengths to hold the euro together regardless of underlying economic logic. But this has only perpetuated and exacerbated the coming political crisis. "Monetary union has created a conflict between a centralised elite on the one hand, and the forces of democracy at the national level on the other. This is extraordinarily dangerous,” Mervyn King wrote in his recent book 'The End of Alchemy'.
As I flagged up over the weekend, in a desperate attempt to keep the fraud from becoming insolvent, African Potash (AFPO) has proposed a RTO of a company called Onshore Energy Limited, OEL. Lyin' Chris Cleverley Potash's boss is also a director and shareholder on OEL. But it gets worse. Much worse.
I previously wrote on WANdisco (WAND) in January – ‘one quarter does not an investment make, but offers some encouragement for shareholders’. The following updates with the shares currently on the rise on the back of a “Significant customer win and Q1 update” announcement…
Yesterday we wandered through the first page of search results on the OpenCorporates.com website to look at the record of AIM-listed Advanced Oncotherapy (AVO) Executive Chairman Dr Michael Jeffrey Sinclair. There are rather a lot – here comes page 2.
Stanley Gibbons (SGI) has announced it “has sold one of the rarest pieces of Indian Philately to a private collector-investor in Australia for £500,000, the highest price ever paid for a single Indian philatelic item”.
ShareProphets AIM-China Filthy Forty play Taihua (TAIH) announced last Friday that the EGM called to approve the company’s proposed delisting from the AIM Casino had passed the proposals with the requisite majority. The shares are expected to depart the world’s most successful (but perhaps not for Taihua) growth market first thing on 8 May. In the wake of the announcement – at 4.15pm last Friday, bordering on no-one-is-watching o’clock - the shares again nose-dived, registering a new low of 0.1p on the bid yesterday, but all of a sudden the stock is on the rampage this morning. What is going on?
AIM-listed Advanced Oncotherapy (AVO) – teetering on the brink of having to call an EGM to reduce its nominal share capital under the terms of its death-spiral funding package with Bracknor – has announced yet another director share purchase, the fourth just this month (if we ignore the botched 7am RNS of 4 April). As ever, this is just a spoof in order to encourage more buying in the market so as to allow Bracknor to offload more of its death-spiral conversion shares as Advanced hopes and prays for the next £1.235 million tranche of funding before the coffers run dry.
On 12 April 2017, the fraud that is African Potash (AFPO) announced a change of auditors from RSM UK Audit LLP to PKF Littlejohn LLP. One can understand why RSM UK Audit LLP might be keen to cease its relationship with a company with the frankly appalling track record of African Potash but how desperate does PKF Littlejohn LLP look in taking on African Potash as an audit client?
The COT report reveals the large paper short and long positions in silver. Currently it appears to be indicating a small downtrend in the silver market. In this week's Palisade podcast David Morgan discusses how silver markets move and how they can be pushed to the downside once investors run low on cash, as banks will short the market at opportune moments.
Goals Soccer Centres (GOAL) has admitted “preliminary discussions” with key rival Powerleague on “combining the two businesses”, though emphasises that is “but one of the strategic opportunities currently being assessed by the Goals board”…
An announcement from Blancco Technology Group (BLTG) entitled “Q3 Trading Update, Cash Flow Review and Funding”. Hmmm, I’d guess it ain’t gonna be positive…
Truly, there are no winners from the pool of Bulletin Board morons, only those who succeed in making our eyes roll the furthest.
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.
Search ShareProphets |
Stock market news |
Recent Comments |