Broker and Nomad SP Angel is not listed so why on earth it thinks anyone gives a flying fuck about today's trading update is rather beyond me? But never underestimate the innate sense of self importance among folks in the City of London even if they work for shittly little Nomads and brokers who try to float bankrupt pieces of Turkish such as Mkango Resources. Oddly today's statement fails to mention Mkango, a company Chris Oil appears to have blown £100,000 on backing last autumn.
Having earlier this month stated on Steve Rawlings “does not believe that he has the necessary skill set to be able to provide a meaningful contribution to the board or the group going forward”, Ric Piper “workload… gives rise to the board’s concern as to whether he would be able to devote sufficient time to the company” and Robert Legget “the relative lack of recent listed company board experience”, Lakehouse (LAKE) has now announced “Steve Rawlings, Ric Piper and Robert Legget will join the board as new non-executive directors… it is the intention of the new board to appoint Ric Piper as Chairman and Robert Legget as the Senior Independent Director”. Quite the climbdown! …
This is an utter shambles from AIM-listed Premaitha (NIPT). If you are going to go to the trouble and (shareholders’) expense of putting out an RNS to highlight some paid-for ramping research by Hardman, at least get the bloody RNS right! Tom Winnifrith has already had a furious rant that the company’s Broker, finnCap, should be sacked. Is the same true of the PR genii behind today’s abject efforts?
There are two statements from UK Oil & Gas (UKOG) today. One is a hard financial transaction which demonstrates clearly that UK Oil & Gas shares are horrendously overvalued and the other is the most ludicrous attaempt at share ramping in the history of AIM. Defenders of Steve Sanderson, UKOG's CEO, say that he is trying to distance himself from the Aussie share ramper David Lenigas. Frankly even Dave would have struggled to sign off on today's ramping. It is cringe-making and it is noticeable that although it relates to a Horse Hill study, no other Horse Shite company has dared publish these ridiculous claims.
The supplies of pop-corn are topped up and just as well, for today AIM- and Dublin ESM-listed Petroneft (PTR) has announced that now a second sack-the-board EGM requisition has been received - just two and a half hours before the first of those meetings (today at 11.00am). But it gets more bizarre….
As you can see from our coverage HERE I have been a long term bear of Bango (BGO). As far as I can see it is just another jam tomorrow company run by utterly overpaid tossers. But even I am mystified by its share price collapse.
We own the shares so we are totally biased and a reader who owns the shares is also biased too but asked us to get our mitts on a recent report from Galvan on Optibiotix (OPTI) and publish it. So here you are.
Economic bubbles are sustained only so long as sufficient monetary fuel is being laydaled out. Over time, such economies are characterised by deep structural maladjustment, the consequence of years of underlying monetary excess. Rampant issuance of money and Credit is always at the root of these distortions in investment and spending patterns. Asset inflation and price Bubbles invariably play central roles in fragility hidden just under the surface.
Smoke and carbon monoxide alarms and accessories company Sprue Aegis (SPRP) has released a “Trading Statement” including that “challenging trading conditions in France, principally due to overstocking, and weaker sales in Germany, due to product certification delays, are likely to significantly adversely impact the group's expected results for this year” as well as that it “has recently identified an issue in certain batteries supplied by a third party supplier that may cause a premature low battery warning chirp in certain of its smoke alarm models sold in the UK and in Continental Europe”. It’s a profit warning plus…
Noyota Minerals (NYO) says that it expects by the end of this week to have paperwork in place to call an EGM in 28 days time to change the board. Of course it does not need to go through an EGM the board could just do the decent thing and quit and fuck off as it is clear that no shareholders have any faith in the current team who have been overpaid abject failures.
There are no photos yet of Chris Oil's imaginary sports cars in Dubai. But his claim to have been the U-18 school boxing champion now looks all the more impressive given how so many of his pals from school are now in the SAS. If ISIS are not backing down when we send in the school boxing also rans into Syria perhaps it is time that Rambo Oil went on a special mission? The Islamofascists would surely shit themselves if they knew that the hardest bloke from the top school for SAS recruiting, Mr Chris Oil, was on his way.
This is classic Peter Schiff with the great man explaining to Alex Jones why he thinks that the US economy is already shrinking and getting worse. In essence Trump is right - the economy is broken. He describes negative interest rates as an admission of failure and warns of an impending dollar slump.
Hello Share Tasters. I’m just a little old to watch Peppa Pig on the telly. But I know a lot of toddlers who are very keen indeed. The cute porker is half owned by Entertainment One (ETO). And the interesting thing about this company is that there are rumours flying that ITV may be considering an offer although Entertainment has denied that it has actually received a bid at this point.
Darren Winters sent me a lawyers letter in the Autumn for calling him a charlatan and snake oil salesman and threatening me with legal action if I did not withdraw what is a statement of fact. I shall see the Winters bitchez in court and he is a moron for thinking I'd say anything else. Anyhow Winters got another courtroom beating from team Sheriff today so maybe he has learned who not to try to bully. Back to real morons and this week's Bulletin Board Moron of the Week contest where there was only one winner...
Dave Whitby of Anadalas (ADL), what was once uber ramp CEB, should be in prison for his crimes against AIM. I have linked at the side of ShareProphets to an article by someone who was in prison once, Brokerman Dan, on Andalas and the old bank robber is bang on the money. In five days this company could be booted off AIM. It wont, I think, but will survive only by doing things that stink to high heaven. I also discuss today's Project Fear lie, this time on fuel prices
Until recently, dodgy Allan Biggar who is currently bankrolling Greenland Mining as a way of reversing Worthington into bankrupt Nuna, has been the respectable face of Worthington (WRN) - its all relative thanks to his membership of Jericho Chambers.
For the November issue of the UK Investor magazine (latest issue HERE) I was asked to name seven stocks which could get suspended and where shareholders could lose everything. I thought I’d take a look back over the seven: Jiasen (JSI), JQW (JQW), Auhua (ACE), MoneySwap (SWAP), Rurelec (RUR), Golden Saint (GSR) - all on AIM - and main market listed Kenmare (KMR).
It shows the lack of sentimentality of the ShareProphets team that we let the third anniversary of the founding of this site pass without notice. 6 April 2013 financial journalism covering the City was reinvented.
Im not feeling terribly well so this may be the only bearcast of the weekend. We shall see. However I look at the Phorm debacle on AIM which saw £201 million sent to money heaven. I name the guilty men and look at the lessons learned (or ignored if you are AIM Regulation). Then I show why George Osborne is lying about mortgage rates under Brexit as he wages war for Project Fear.
I am not 100% up to speed on the comings and goings at paid researcher Edison so am unaware if its star analyst The Right Hon Charlie Gibson is still on a police curfew and wearing an electronic ankle bracelet after his spot of bother trying to give a member of the working classes, who happened to be a rozzer, a damn good thrashing. On the subject of convicts (well at least those descended from them) and damn good thrashings I note that shares in Aussie law firm Slater & Gordon (SGH) are now 28 Aussie cents having been A$2.67 on 23rd September 2015 when Edison published a note proclaiming "valuation - considerable upside" and flagging triggers for a re-rating. Hmmm... so that is a fall of c90% in the seven months since that buy note - is that the worst research note of the past 12 months?
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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