Saturday 21 January 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares

19 January 2017, 14:41 | By Tom Winnifrith |

Tom Winnifrith Bearcast: Leather clad Rita from Magnolia prepares to whip the naked buttocks of her shareholders again, they love it!

According to the Daily Telegraph, it is a fact that folks who use bad language are more honest than those who speak like Angels. You know where I am fucking well coming from. In this podcast I look at Fitbug (FITB), Servision (SEV), Corero (CNS), Greatland Gold (GGP), me breaking a New Year financial resolution already and also Magnolia Petroleum (MAGP) 


19 January 2017, 14:40 | By Steve Moore |

Portmeirion – ‘slightly ahead of expectations’ & “record revenues” not as positive as they’d seem…

PortmeirionSpodeRoyal Worcester and Wax Lyrical homewares group Portmeirion (PMP) “is pleased to confirm that it expects profit before taxation for the year to 31 December 2016 to be slightly ahead of market expectations”. BUT…

19 January 2017, 13:28 | By Tom Winnifrith |

Tom Winnifrith Bonus Bearcast: Watchstone (Quenron as was) Trading statement analysis - on balance a sell

There are two massive uncertainties regarding Watchstone (WTG), Quindell as was. I look at today's trading statement and offer up analysis which suggests that on a best case scenario this stock is more than fully valued but on a worst case scenario it is grossly overvalued.

19 January 2017, 11:26 | By Tom Winnifrith, The Sheriff of AIM |

Strat Aero: Hulsey Smith dumps more shares despite last RNS and the excuse is 100% horseshit

Whatever you say about Strat Aero (AERO) as it hurtles towards insolvency in a few weeks time it is al least the source of true comedy with RNS statements which are such complete and utter bullshit that they should win awards. welcome to the latest chapter in the tale of Hulsey Smith, the yank who litigated against Strat, showed that it had committed fraud, and ended up owning 11% of its equity as part of a settlement. Owning 11% of a company you have proved committed fraud is not an ideal place to be.

19 January 2017, 11:10 | By Steve Moore |

St Ives – following April last year’s, another “materially below” expectations profit warning…

Shares in marketing services group St Ives (SIV) are currently circa 37% lower, at around 80p, on the back of a “Trading Statement” announcement. Profit warning ahoy then!…

19 January 2017, 10:22 | By Tom Winnifrith, The Sheriff of AIM |

Frontera Resources - does anyone give a flying wotsit about AIM Rules anymore?

Hat tip to reader P who has already dobbed Frontera Resources (FRR) into the Oxymorons at AIM Regulation for what appears to be a blatant reach of the rules but on the casino do the rules matter any more? Does anyone give a flying wotsit about sticking to the rules when Marcus Stuttard and his Keystone Cops are just so utterly useless? AIM Rules dictate that companies must inform investors via RNs of material changes in trading. So over to Frontera...

19 January 2017, 08:32 | By Nigel Somerville, the Deputy Sheriff of AIM |

Rurelec – receipt of Statutory Demands: Fat Lady in the building?

Having inherited a train wreck from Peter Earl and his former colleagues in the AIM-listed Rurelec (RUR) boardroom, the current directors of the company have been living something of a hand-to-mouth existence surviving on scraps of short term finance while they try to rescue what has long appeared to be a basket case. But not satisfied with his fine work at the company (before departing in 2015), it seems Mr Earl has one last hurrah for his former shareholders. This morning the company announced receipt of Statutory Demands from AIM-executed IPSA (IPSA) and from Independent Power Corporation plc. Uh-oh.

19 January 2017, 08:32 | By Tom Winnifrith |

A photo just for Lucian Miers

When wandering around the book town of Hay on Wye a few years ago my father told my late step mother that "all the books here are by people no-one has ever heard of and are read by no-one". She took great pleasure in finding six copies of one of his books in the first shop they visited. Naturally dad was keen yesterday to see if I could see any books by him or any other relatives.


19 January 2017, 08:30 | By Tom Winnifrith |

My £100 investment yesterday - will anyone beat it over 20 years?

In a rash move yesterday, while wandering around "the book town" of Hay on Wye I splashed out £100 on an investment which my father is not so sure about but I reckon is a winner. Having checked a few websites overnight I reckon I am 30% ahead on my trade already but I am holding this as over 20 years it will be a multibagger.


19 January 2017, 08:29 | By Gary Newman |

Distil - promising, but needs to show a net profit at the next update

Distil (DIS) is a company which I have been following closely for a couple of years – as well as holding shares in it myself.

19 January 2017, 08:10 | By Malcolm Stacey |

Why I think Shares Might Fly when Brexit Gets Closer

Hello Share Skaters. When pushed by the respected blogger Bearfacts on this ground-breaking website this week, my finger was hovering over ‘sell’ buttons more than ‘buy’ switches in this rather scary month.


18 January 2017, 14:18 | By Steve Moore |

LoopUp – review as shares sparked by ‘ahead of expectations’ trading update

I looked at remote meetings technology group LoopUp (LOOP) just after the company’s August IPO – concluding, with the shares at 112.5p, that the valuation in conjunction with usual IPO and growth risks saw me avoid, but that I’d monitor with interest. The shares closed yesterday at exactly the same price as then – but are currently approaching 13% higher today, at 127p, on the back of a trading update announcement…

18 January 2017, 12:15 | By Cynical Bear |

MXC Capital and the shoddy tale of 365 Agile – what really went on here?

Steve Moore commented on the collapse at 365 Agile (365) last August HERE but I wanted to write a fuller piece on it highlighting the role of MXC Capital, particularly after the Redcentric (RCN) debacle as there is a lesson for investors here.

18 January 2017, 11:28 | By Steve Moore |

GAME Digital – claims “pleased” with performance over peak weeks, BUT…

Previously writing on GAME Digital (GMD) with the shares at 67p, I concluded bearishly HERE. The following updates with the shares currently down further, at sub 60p, on the back of an “AGM Statement and Trading Update” announcement…

18 January 2017, 10:32 | By Tom Winnifrith |

Tom Winnifrith Bearcast: Grinding Poverty & Shit Internet in Wales & How the Mitie are fallen ( or soon will be)

I could not sleep and found myself scouring the interweb for data on poverty and population for the town of Blaenau where I visited a coal mine on Monday ( see HERE). I plan a major podcast on that when I am back in internet friendly civilisation, i.e. England. On the markets I look at Pearson (PSON), Nostra Terra (NTOG) and the idea that we are seeing a market blow-off. I dismiss one conspiracy theory about market makers then move on to Mitie (MTO) - Matt Earl is da King! - and then to Rosslyn Data (RDT).


18 January 2017, 10:27 | By Cynical Bear |

Challenger Acquisitions: Well? Have you paid your debts or are you insolvent?

I understand that Mark Gustafson, CEO, of Challenger Acquisitions (CHAL) is more than happy to treat its shareholders with disrespect and utter contempt but, come on, surely you can’t just sit on price-sensitive information about whether you are bust or not?

18 January 2017, 08:33 | By ShareProphets |

New sessions at UK Investor with Tom Winnifrith on Cloudtag and David Lenigas on Africa and UK Oil - new ticket offer

We are delighted to announce that UK Investor will be running two new sessions covering two companies of massive investor interest. The show takes place on April 1 (no joke) in London and already boasts a top panel of keynote speakers including Britain's Buffett Nigel Wray, top fund manager Mark Slater, the Queen of Tech Vin Murria, the UK's top share blogger Paul Scott and the UK's oldest fund manager as well as top bears Lucian Miers, Matt Earl and from New York Gabriel Grego and the Sheriff of AIM, Tom Winnifrith.

18 January 2017, 08:32 | By Tom Winnifrith |

Wise words from the man who tipped Globo & Blinkx - Ramper Lawson

Who has just written "I said in our last newsletter that my portfolio performance was disappointing in 2016, but I am feeling a lot better now as I made a reasonable profit and better than most of the "expert" tipsters it seems. Perhaps the moral to be drawn from this news is that it might be best to do your own research rather than pick up tips from others and rely on them for investment purposes. Reading the national press or other publications might be useful for picking up ideas, but you should consider any tips with an appropriate amount of scepticism until you have researched the companies and fully understood what they do and their financial structure. In other words, don't simply believe what you read.

18 January 2017, 08:31 | By Tom Winnifrith |

Tim Martin of JD Wetherspoon - a total fucking genius: another Brexit lecture from The King

Mr Martin you are our hero. You say what we all think about the traitors art the Bank of England, City experts, the spineless twerp Cameron and the remoaners. You say it as it is. Today's comments in the trading statement are just utterly bang on the money.

18 January 2017, 08:24 | By Nigel Somerville, the Deputy Sheriff of AIM |

CloudTag – are there fees/costs we don’t know about ref. L1 warrants?

I just ask a simple question about AIM-listed CloudTag (CTAG) and this pesky financing deal with L1 involving convertible loan notes and associated conversion warrants. Something caught my eye in yesterday’s RNSs from the company, in which it announced yet another loan conversion – and the first (I expect of a great many) warrant exercises by L1.

4 hours ago | By ShareProphets |

December edition of the UK Investor Magazine - featuring 7 tips, what our writers want for Christmas, Interviews with Conroy Gold and ECR minerals and much more

The December edition of the UK Investor Show magazine is live featuring 7 tips, plus 5 our writers hope that they will find in their stocking. Interviews with Conroy Gold and ECR Minerals, the bonfire of the charities lots on Cloudtag, Advanced Onco and much more.


6 days ago | By Tom Winnifrith |

Bulletin Board Moron of the Week - its ouzo time as Potash booted off AIM

Send Tom Winnifrith a fascist lawyers letter as the fraud African Potash (AFPO) did on September 1 and your fate is sealed. Today African Potash was formally booted off AIM. Now it will fail to raise cash on NEX (formerly ISDX) and will go bust soon. Lyin' Chris Cleverley meet Karma. Ain't she sweet? Amazingly there are still some people out there on the Bulletin boards who think its all my fault and Lyin' Chris runs a great British Company. Whatever. In that vein please nominate the most moronic Bulletin Board or twitter comment you can find in the comments section by midnight on Sunday 15th January. Have fun!

6 days ago | By Tom Winnifrith |

Metals prices 2016 in review and what Sprott expects in 2017

The world's best known investor in precious metals, Sprott Asset Management has just published its review of 2016 and its predictions for 2017. It writes:


4 days ago | By ShareProphets |

New sessions at UK Investor with Tom Winnifrith on Cloudtag and David Lenigas on Africa and UK Oil - new ticket offer

We are delighted to announce that UK Investor will be running two new sessions covering two companies of massive investor interest. The show takes place on April 1 (no joke) in London and already boasts a top panel of keynote speakers including Britain's Buffett Nigel Wray, top fund manager Mark Slater, the Queen of Tech Vin Murria, the UK's top share blogger Paul Scott and the UK's oldest fund manager as well as top bears Lucian Miers, Matt Earl and from New York Gabriel Grego and the Sheriff of AIM, Tom Winnifrith.

6 days ago | By Cynical Bear |

Simian Global – If at first you don’t succeed…..try the Standard List!

A dispiriting new entry to the Sub-Standard Shockers XI this week – well someone has to fill the impending gap created by the liquidation of Worthington (WRN) - so please everyone give a warm welcome to Simian Global (SMG), a reincarnation of a previously failed effort. Please allow me to explain.

6 days ago | By Pizza Hardman & Mad Euro-loon Lefty Darren Atwater |

Notes from Underground: It's the end of the world as we know it

In a mere five days, Donald Trump becomes president of the United States. In 90 days or so, Theresa May promises to pull the plug on the world's largest trade bloc.


6 days ago | By Nigel Somerville |

Is Daniel Stewart about to set sail into the sunset?

A couple of interesting filings on Companies House leave me wondering whether former AIM-cesspit posterboy Daniel Stewart Securities plc (DAN) is being prepared for a quiet execution. It was clear from the (stunningly) late-filed 2015 Accounts that is was in serious trouble, and last year a debenture over the parent seemed to have morphed into a debenture over its subsidiary, Daniel Stewart & Co plc. Now the previously wholly-owned subsidiary, which contains the trading business, seems to have been raising money on its own account.

6 days ago | By Tom Winnifrith |

Tom Winnifrith Bearcast - a New Prospectus brings shame on all concerned - shockingly misleading

Cynical Bear has written a fascinating article today on Simian Global (SMG) - HERE. Cynical Bear you are a wuss. You are far too generous about this crock of Turkish. If one goes to the prospectus and then cross references with companies house you will find a story of true horrors, something that the prospectus fails to mention, indeed it deliberately gives you a completely different impression. This prospectus stains all involved with it ( directors Edward Ng and Ajay Rajpal, Peterhouse Corporate Finance, Edwin Coe and the UKLA) with complete shame. How on earth do these folks sleep at night? My target price for the shares is 0p.


6 days ago | By Tom Winnifrith |

Tom Winnifrith Bonus Bearcast - revisiting the 7 stages of grief with the Cloudtag & African Potash frauds

I revisit the seven stages of grief in relation to buying shares in frauds and other disasters. I look at which stage shareholders in the frauds African Potash (AFPO) and Cloudtag (CTAG) have got to and what the psychology of grief tells us about where share prices are heading. 


6 days ago | By Gary Newman |

Serica remains a buy despite recent strong gains

Usually when shares in a small AIM company has risen by nearly 300% from the level where I recommended it as a buy, I would be advising to take your profits before the almost inevitable retrace that so many suffer from.

6 days ago | By Tom Winnifrith |

Guscio - the Fraud on the shareholder list

It is perhaps wrong to kick a man when he is down but I cannot resist. Guscio (GUSC) clearly has "issues" after its recent shocking trading statement but I cannot help note the revelation that its shareholder list includes Mr Fraud.

6 days ago | By Malcolm Stacey |

Robin Hood, the Eleven Plus and the Chance of a Better Picture for ITV

Hello Share Swipers. Though it horrifies me to think of it, I first watched independent television when I was cramming for my eleven plus. It was at my uncle’s house, as we couldn’t afford a new telly to take the second channel and it must have been sixty years ago. Robin Hood was on.

5 days ago | By Nigel Somerville, the Deputy Sheriff of AIM |

Kenmare – disingenuous trading update

Dual-listed in Ireland and on the LSE Kenmare Resources (KMR) has released what reads like a very positive trading update. Two questions spring to mind here: is it generating cash, and what about the debt position? But the company seems to have chosen to ignore completely its refinancing last year in reporting its finances.

6 days ago | By Tom Winnifrith |

Fox & Eboracum Marble - lets sort this out

I have been alerted by various folk to the fact that a Fox Marble (FOX) customer Eboracum Marble has a First Gazette notice out against it which, according to the knockers, means it is going bust/is a fraud and that Fox will issue a profits warning. This has seen the shares drift to 7.75p. Sometimes before you hit the sell button it pays to make a few phone calls. Which is why you should buy the shares today.

6 days ago | By Tom Winnifrith |

Andrew Monk's third share tip of the year - the best lottery ticket you will ever buy

Top stockbroker Andrew Monk of VSA has today served up his third share tip of the year (following from his win with Sula HERE) and it is a real "hell or glory play". it is right now TSX.V listed but there is an AIM listed way to play it. Over to the Monkey...


5 days ago | By Steve Moore |

WANdisco – one quarter does not an investment make, but offers some encouragement for shareholders…

Shares in ‘big data’ software company WANdisco (WAND) are currently continuing a recovery – this on the back of a concluding trading update for 2016...

5 days ago | By David Scott |

If 2017 is going to be like 1932 or 1979, then you not only have to change your portfolio you have to...

Reforming the very nature of capitalism will be needed to combat the growing appeal of populist political movements around the world, the World Economic Forum said on Wednesday. Getting higher economic growth, it added, is necessary but insufficient to heal the fractures in society that were evident in the election of Donald Trump as U.S. president and Britain's vote to leave the European Union.


4 hours ago | By ShareProphets |

December edition of the UK Investor Magazine - featuring 7 tips, what our writers want for Christmas, Interviews with Conroy Gold and ECR minerals and much more

The December edition of the UK Investor Show magazine is live featuring 7 tips, plus 5 our writers hope that they will find in their stocking. Interviews with Conroy Gold and ECR Minerals, the bonfire of the charities lots on Cloudtag, Advanced Onco and much more.


1 day ago | By Tom Winnifrith |

Optibiotix, starting to rock and roll despite Zak Mir's endorsement - buy

After languishing unloved for a while in the low sixties, shares in Optibiotix (OPTI) are really steaming ahead and are now 78p to buy. We hope you bought in the low sixties as we repeatedly urged. If not it is not too late. The shares are a buy at up to 80p and I expect to be advising you to sell at WELL OVER 100p by Easter. So what has happened?

2 days ago | By Gary Newman |

Fitbug's latest update must be a joke surely?

If it wasn’t for the fact that ordinary PIs will have lost a lot of money, the announcements and share price movements in Fitbug Holdings (FITB) over the last couple of days would almost be comical!

1 day ago | By Tom Winnifrith |

Tom Winnifrith Bearcast: This is what i want you ALL to do

Today is Donald Trump day and I have a cunning plan for later which may see me watching Midsomer Murders at last. On the markets I have not a lot to say, other than I'm looking to bank gains and am more and more bearish, so instead I look forward to march 29 and April 1 and there is something I want you ALL to do,


9 hours ago | By Tom Winnifrith, The Sheriff of AIM |

Is this the reason Cairn Financial is not quitting as Nomad to the fraud Cloudtag?

That Cloudtag is a fraud is beyond doubt. Lying to investors and then raising cash ( and also allowing funders to dump shares) on the back of those lies is fraud. I know that, the regulators know that, you know that and so do Tony Rawlinson, Liam Murray and the other banksters at Cairn Financial, nomad to Cloudtag. So why has Cairn not quit?

2 days ago | By Tom Winnifrith, The Sheriff of AIM |

Exclusive: Hulsey Smith to sue Strat Aero AGAIN - The final nail in the coffin

For shareholders in Strat Aero (AERO) who thought it could not get any worse as the company hurtles towards bankruptcy in less than four week's time, we have bad news: it is about to get even worse.
Last year Strat was sued by American Hulsey Smith who demonstrated clearly that the company had lied to investors. Strat said it would fight all the way but then issued 38 million shares and handed over a wodge of cash to settle with Hulsey. Yesterday it emerged that Smith was dumping as fast as he can - so expect his last 18 million shares to be lobbed out within days. But it gets worse.

4 hours ago | By Lucy Wray |

Nigel Wray & Tom Winnifrith: Join us on April 1 at UK Investor - our fifteen year party

It is now fifteen years since Nigel Wray & Tom Winnifrith started doing one day investor shows together. The first was in a snow covered Westminster now they celebrate a decade and a half of working together with what will be the most spectacular event yet. It will be the biggest with 121 companies exhibiting on the day. There is the strongest ever speaker line up and a raft of free prize draws as well as a gift worth £18 for everyone attending. So with 50% of the 2,500 tickets already reserved hurry up and grab yours today!


10 hours ago | By Steve Moore |

Table of shorted AIM shares - week to 20/01/2017

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...

2 days ago | By Malcolm Stacey |

The Great Divi Hunt Continues with Phoenix Group

Hello Share Snafflers. Well, it seems the old Footsie has called a halt to its record-breaking run into ground-breaking highs. Does this surprise anyone? Of course not. What keeps on going up has to come down. So it’s possibly time to pause in our headlong rush to find shares which put on capital value. Let’s instead turn once again to an ever-important part of the armchair tycoon’s income - the dividend.

4 hours ago | By Tom Winnifrith |

Tom Winnifrith Bearcast: I take my hat off to uber stock promoters Sound Energy

In this podcast I look at when a stock comes into play on institutional radar, ref Optibiotix (OPTI) and also the lazy bastards at FinnCap who should be hung out to dry. I look at Sound Energy and praise its ramptastic management but the shares are still a sell. Then I look at the latest bollocks from ShareSoc calling for more regulation after the New World (NEW) forward selling scandal. What is not needed is new laws just the application of existing ones by the chocolate teapots round at the FCA.


10 hours ago | By Tom Winnifrith |

Will Trump Change the Game Or The Players?

We have all these businessmen coming to Washington, but are they really going to drain the swamp or do we have new creatures living in the swamp? So said Peter Schiff, the great libertarian and gold bug this week. In his latest podcast the great man analysses what Donald Trump means for America, the economy, shares and gold. It is great stuff.


10 hours ago | By Tom Winnifrith, The Sheriff of AIM |

Strat Aero - so when will Hulsey Smith launch his legal bombshell that forces a share suspension? More shares dumped

After hours yesterday there was another announcement from Strat Aero (AERO), the AIM listed company that has committed fraud and is now just 25 days from running out of cash and going bust with debts of £300,000. It seems that Hulsey Smith, the US businessman who exposed the fraud at the heart of Strat last spring, has dumped another 11 million shares and now has just 7.5 million left.

1 day ago | By Tom Winnifrith |

Andalas - the clock is ticking ahead of potential insolvency in April - how is the placing going?

Pre Christmas the ramptastic stream of RNS statements, corporate presentations and interviews with homeless clowns told you all you needed to know: worthless Andalas Energy (ADL) was in full ramp mode as it prepared for a rescue bailout. Now, though most oil shares have risen sharply in recent weeks, Andalas stock is still just 0.12p to sell and is falling again today. So how is the £1 million placing it needs faring? 

1 day ago | By Tom Winnifrith, The Sheriff of AIM |

Golden Saint Resources Here's the Pump - what comes next? Pick up a P.P.P.P.P Placing

Another day and another operational update from jam tomorrow joke stock Golden Saint Resources (GSR), floated at 10p three years ago and now 0.03-0.04p. Sadly there is no news on the football team it sponsors with money raised on AIM but we do at least have an update on the two of the three concessions out in Bongo Bongo land where it is still doing some exploration.

1 day ago | By Tom Winnifrith & Steve Moore |

FDM great trading update but we say take profits

Provider of IT consultants, FDM Group (FDM) has updated that a strong trading performance and favourable exchange rate movements see it now anticipating “full-year results ahead of its expectations” – and the shares have responded more than 9% higher to a current 624p ‘bid’ price. So not a bad tip from us...

4 hours ago | By Gary Newman |

Kodal Minerals is overdue a big drop in share price

The mere mention of lithium seems to be enough to send the share price soaring on many small AIM companies, until reality hits home and the almost inevitable pullback starts.

10 hours ago | By Malcolm Stacey |

National Health Crisis May Treat the Share Price for Spire Healthcare

Hello Share Troggers.  There’s hardly a day goes by when we are not reminded that the National Health Service is in crisis. Hospitals are being overwhelmed by an unfit, ageing population and operations are regularly put off.