ShareProphets

Wednesday 24 May 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


11 May 2016, 09:17 | By Tom Winnifrith |

Video: Norman Ling of Kefi Minerals at UK Investor Show

Norman Ling is a NED at Kefi Minerals (KEFI) another gold play presenting at UK Investor Show. Enjoy,

11 May 2016, 09:10 | By Tom Winnifrith |

BREAKING: Chris Oil Twitter Fantasy "Infamy, infamy, they've all got it infamy"

Market abuser and criminal Chris Oil (as explained here) has now deleted the tweet below, perhaps on the advice of PR genius Steffi. But I suggest to you that it shows a man whose Walter Mitty condition is now becoming critical.

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11 May 2016, 09:02 | By Tom Winnifrith, The Sheriff of AIM |

Video Adam Reynolds with Tom Winnifrith at UK Investor Show

In this session Adam Reynolds and I discussed how to value shells and when to invest, issues of management, AIM investment companies and of course Optibiotix (OPTI), New World Oil & Gas (NEW), Frontier (FRI), and Premaitha (NIPT). Enjoy.

11 May 2016, 09:00 | By Cynical Bear |

Opera Investments – yet another disappointment on the (Sub) Standard List.

Following on from my recent piece on Toople (TOOP) being its newest member and the almost predictable, disappointing news relating to Opera Investments (OPRA) earlier in the week, the time has come for a call to arms. There must be change to the rules governing the clearly Sub-Standard Listing segment of the Official List as it is not fit for purpose. I need your assistance.

11 May 2016, 08:51 | By Tom Winnifrith, The Sheriff of AIM |

Video: TW, Evil Knievil, Lucian Miers, Matt Earl - the Bears Avanti special at UK Investor Show

And so the four bears wandered onto stage for the final presentation at UK Investor Show. We majored in on why Avanti Communications (AVN) was a 0p stock but we covered many other stocks besides. Enjoy

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11 May 2016, 08:41 | By Tom Winnifrith |

MX Oil shares collapse as Mexico revokes licenses, BB Morons blame it on Tom Winnifrith

According to Reuters the Mexican Government has revoked six oil licenses because the companies awarded the blocks did not in fact meet qualifying criteria. This appears to wipe out the Mexican asset base of MX oil (MXO). Oh dear.

11 May 2016, 08:26 | By Tom Winnifrith |

Video from UK Investor Show: Satu Vainikka of Valirx

And now for a video from the biotech boss who I have sworn to be nice to, Dr Satu Vainikka of ValiRx (VAL) presenting at UK Investor Show. Enjoy.

11 May 2016, 08:14 | By Malcolm Stacey |

Randgold Brings Riches Out of Africa. Worth a Tickle, if You Agree the Gold Rush Is Growing.

Hello Share Squeezers. Many writers on this stunning website continue to support gold. This is not surprising as nearly all my fellow writers are very bearish on stocks at the mo, even more growly than normal.You could spread bet the price of gold. Or you can buy one of the miners.

10 May 2016, 16:35 | By Tom Winnifrith |

Free Speech explained for the 8th time, for Bulletin Board Moron Duck & Dive

For the 8th time - the first perhaps for our many new readers - I feel the need to explain what free speech really means.  I do this for Duck & Dive, a poster here, who seems to think that we are obliged to approve & publish his comments here which are defamatory and make untrue allegations about this website. 

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10 May 2016, 14:11 | By Tom Winnifrith |

Tom Winnifrith Bearcast - a Nightmare about bars in Sunderland Edition

A reader says that ahead of bearcast he now gets an advert for bars in Sunderland. Poor fellow. Perhaps he should move from the welfare safaris of the grim North to the hard working South of England? I discuss this and then move onto Nyota Minerals (NYO), Aureus Mining (AUE), Driver Group (DRV), Harvest Minerals (HMI) and - in detail - the piece of excrement that is African Potash (AFPO).

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10 May 2016, 12:10 | By Steve Moore |

Driver Group – revenues projected to be ‘in line’, but profit? …

Construction and engineering consultancy group Driver (DRV) has updated that “March and April revenues were strong and the current workload / pipeline indicates that the group will deliver revenues for the year ending 30 September 2016 at least in line with current market expectations. However… believes that profit for the current year will be significantly short of market expectations”. Uh oh…

10 May 2016, 12:06 | By Nigel Somerville, the Deputy Sheriff of AIM |

Filthy Forty – MoneySwap enters the last chance saloon

Yesterday we had a funding update from cash-strapped ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP). It seems that there are negotiations going on, with hopes that a funding deal worth $4.5 million (call that £3.125 million) can be closed. Meanwhile we are told that some keep-the-lights-on short term funding has been arranged. 

10 May 2016, 11:11 | By Tom Winnifrith |

Video: Martin Luke of Vox Markets at UK Investor Show on Money Management

He may be a sheep shagger but Martin Luke of Vox Markets is not a bad bloke and at UK Investor Show he gave a talk on money management or portfolio management which is far less dull than it sounds. Enjoy.

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10 May 2016, 09:40 | By Andrew Monk, CEO of VSA Resources |

Scary Chart Time: China and what might happen or might not

Now there are some definite bearish thoughts and views running around at the moment so I feel this morning we should explore a little bit. The first big worry is Chinese debt – has it got out of control or can the Party control it ?There is an article in the Economist last week discussing this which gives a very good summary and you should all read it,

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10 May 2016, 09:22 | By Tom Winnifrith |

Video: Forbidden Technology CEO Aziz Musa at UK Investor Show

Aziz Musa is the relatively new CEO at Forbidden Technology (FBT) and his presentation at UK Investor is below. Enjoy.

10 May 2016, 09:16 | By Tom Winnifrith, The Sheriff of AIM |

Sound Energy - The Truth is this (junk) Bond issue is a disaster: Sell!

Sound Energy (SOU) has today boasted that it has signed heads of terms for Euro 28.8 million of new bonds with a coupon of just 5%. Sound fantastic. Except that if you dig into the detail you will see that, in fact, Sound could get away bonds only at junk pricing with a related party. That tells you that its shares are a stonking sell.

10 May 2016, 08:31 | By Tom Winnifrith |

Video: Leon Coetzer of Jubilee Platinum at UK Investor Show

Following the Dragon's Den pitches it appears that we are now shareholders in Jubilee Platinum (JLP). And in that vein I invite you to watch its boss Leon Coetzer presenting at UK Investor show. Enjoy

10 May 2016, 08:22 | By ShareProphets |

Bushveld Minerals - Broker Brandon Hill says Evraz deal "excellent acquisition"

Broker Brandon Hill has a corporate relationship with Bushveld Minerals (BMN) so take what follows with a pinch of salt. However in a note out yesterday it exploians why the deal to buy Evraz vanadium assets makes sense and looks to be a good one for Bushveld.

10 May 2016, 08:07 | By Tom Winnifrith |

Video: Paul Scott presents in the Stockopedia breakout session at UK Investor

Well this was not on the agenda but in a surprise move Paul Scott pitched up to do a breakout room presentation at UK Investor Show. Enjoy

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10 May 2016, 08:03 | By Malcolm Stacey |

Fancy Connecting to a Magazine Giant? Have a Look at Connect.

Hello Share Bunnies. You may be tempted top think that shares in magazine companies could be a bit iffy following Trinity Mirror’s (TNI) decision to pull the plug on its latest daily newspaper. But there is a company in this line which is doing rather well. Connect (CNCT) is Britain’s largest magazine and newspaper outfit.

23 May 2017, 15:23 | By ShareProphets |

The May edition of the UK Investor Magazine is live - Tips, UK Investor Show photo feature, and the the end of the EU

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.

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21 May 2017, 12:58 | By ShareProphets |

New Bulletin Board Moron of the Week Contest - sponsored by Quindell founder & fraudster Rob Terry

This week's sponsor, serial company founder Rob Terry, has been in the news this past week over a lawsuit brought by Aussie legal poltroons Slater & Gorden claiming to be deceived over the legal division that they bought from Quindell. Slater & Gordon will probably do just fine unless Quindell (QPP) or Watchstone (WTG) as it is called these days, points out ShareProphets sent S&G a docket of articles before the purchase went through. Anything to help the boys and girls at Quindell!

17 May 2017, 08:18 | By Malcolm Stacey |

In Touch Company Deserves Your Attention as Profits Rise

Hello Share Shufflers. There is a Geordie company which wages war on switches and buttons. It makes touch sensors. You’ll see this kind of technology everywhere these days, beginning with your mobile phone.

17 May 2017, 08:33 | By Nigel Somerville, the Deputy Sheriff of AIM |

Advanced Oncotherapy – yet another director ponies up, EGM seemingly avoided and Bracknor converts. Most bizarre

Well this is most bizarre! Lobster-potted Bracknor has converted another lump of its death-spiral loan notes. That, of course, is not a great surprise until you study the detail of yesterday morning’s announcement from AIM-listed Advanced Oncotherapy (AVO), where we discover that the conversion shares have been issued not at the lowest daily volume-weighted average price of the past 15 days (21.35p) as per previously announced conversion terms, but at 25p (par price of the shares). Why has Bracknor elected to pay a 17% premium?

17 May 2017, 08:32 | By Darren Atwater |

Labour's manifesto doesn't just make sense, it adds up

The Tory-controlled media has been working overtime to convince voters that Labour wants a return to the bad old days of the 70s, with its fox hunts, its universities for the elites, and, wait... that's not right. Oh yes, the Tory-controlled media says that the Labour manifesto is a pinko-commie cloud-cookoo land fiscal LSD dream. It turns out that it is not.

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17 May 2017, 08:44 | By Tom Winnifrith |

Labour's Maths does not add up - Darren Atwater, Paul Mason and all the other London elitists are innumerate

Our in-house remoaning, money tree-worshipping, metropolitan elitist, Darren Atwater has posted an article suggesting that Labour's manifesto maths adds up. Maybe Diane Abbott and Darren think so, but no-one else will be fooled.

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17 May 2017, 08:33 | By Pizza Hardman Darren Atwater |

17 May 2017, 09:37 | By Tom Winnifrith & Steve Moore |

Petropavlovsk – board structure update amidst attempted coup

Petropavlovsk (POG) has updated on the attempted boardroom coup – including on its process to appoint an independent Non-Executive Chairman, a further independent Non-Executive director and opposition to the requisitioning shareholder nominees.

17 May 2017, 09:48 | By HotStockRockets |

Optibiotix - launch of Slimbiome and LPLDL products. Read closely & buy

OptiBiotix Health (OPTI) has announced what it terms the "successful" launch of its SlimBiome® and LPLDL® products at the Vitafoods Europe tradeshow in Geneva from the 9-11 of May 2017. The event provided the opportunity to connect with 16,500 industry decision makers from the supplements, nutraceutical, functional food and beverage industries. This is viewed as one of the world's leading trade fairs for the food and drinks industry. Yadda, yadda, yadda. Companies always say launches are successful. More jam tomorrow. So what. Etc. But no read on... We have underlined a few key words for you.

17 May 2017, 10:01 | By Tom Winnifrith & Steve Moore |

InterQuest – possible management buyout offer, a piss take

With shares in InterQuest (ITQ) yesterday having increased on the day from comfortably below 40p to well above, at 3:51pm (noting the “recent share price movement” - nothing suspicious to concern AIM regulation then!) a newly created company (Chisbridge Ltd) formed by Gary Ashworth, Chris Eldridge and David Bygrave (respectively InterQuest Chairman, CEO and CFO and 33.3%, 0% and 0.1% shareholders) ‘confirmed’ “that it is evaluating making an offer for InterQuest at 42 pence per share in cash with a full loan note alternative”. They're taking the piss, surely...

17 May 2017, 12:50 | By Steve Moore |

Proxama – having spent “throughout 2016” trying to sell Digital Payments division, now asks us to believe it’s “the best owner” after all!

Proxama (PROX), 13th December 2016: “We have been reviewing various options throughout 2016 to sell the Digital Payments division with a priority being to maximise shareholder value… The company remains committed to the sale and we believe that it will be completed”Today: “the board has concluded that we remain the best owner for Digital Payments division… retaining this division as part of the group, with an updated strategy”. Haha – so having spent “throughout 2016” trying to sell the business and stating it “committed to the sale”, we’re now asked to believe that the company is actually “the best owner” for the business after all!?!...

17 May 2017, 15:10 | By Steve Moore |

Foxtons – Q1 2017 trading update, still a short?

London estate agency Foxtons (FOXT) has updated on the first quarter of 2017, seeing a significant decline in revenue on the corresponding 2016 period though arguing “performance has been in line with the board's expectations”

17 May 2017, 16:44 | By Steve Moore |

Corero – announces “secures second $1m+ SmartWall customer”. How much is the order for?

An announcement entitled “Corero (CNS) secures second $1m+ SmartWall customer”. Sounds good but, having previously written bearishly on this company, let’s take a look at the detail here…

18 May 2017, 08:03 | By Malcolm Stacey |

As Hackers and Computer Bandits Grow in Strength, so Does the Presence of this Techno Sheriff

Hello Share Graters. I’m always trying to find companies you may not be aware of. It’s a way of widening the scope of this largely critical website. Today I commend to your further investigation a company called Defenx (DFX).

18 May 2017, 08:12 | By Tom Winnifrith |

If Corbyn wins the election I'd be better off moving my business to Greece - the simple maths

Jeremy Corbyn has promised to raise Corporation Tax from 19% to 26%, while the tax on dividends in the UK is now 25%. As far as I know that is not going to be increased by Labour, but who knows? The bottom line is that, as a part-time Greek resident but UK taxpayer, it actually makes sense for me to become a Greek resident and Greek taxpayer if Labour wins. Yes, this economic basket case run by socialist lunatics is a better place for me to do my business than a Corbyn-run Britain. Here are the maths....

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18 May 2017, 10:11 | By Nigel Somerville, the Deputy Sheriff of AIM |

Advanced Oncotherapy – another Bracknor Conversion, but look at the terms: how’s the Going Concern statement coming along?

Well, well. How do you issue shares at a discount to par? Simple: pay a whopping fee to the subscriber. AIM-listed Advanced Oncotherapy (AVO) has announced another loan note conversion under its death-spiral funding package with Bracknor and a new fee seems to have appeared which might just derail discussions between the company and its auditor as they work on the going concern statement for the forthcoming FY16 results due out by the end of next month. Oh dear, oh dear.

18 May 2017, 09:56 | By Tom Winnifrith |

K3 Business Technology – another profit warning, faith lost. Sell.

K3 Business Technology (KBT) has updated that it “now believes that the results for the year to 30 June 2017 will be significantly below current market expectations” as “certain large Enterprise contracts have not been secured as expected”...

23 May 2017, 15:23 | By ShareProphets |

The May edition of the UK Investor Magazine is live - Tips, UK Investor Show photo feature, and the the end of the EU

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.

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22 May 2017, 08:26 | By Nigel Somerville |

Is Tom Winnifrith right to out companies doing placings?

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?

23 May 2017, 15:23 | By Tom Winnifrith |

New Bulletin Board Moron of the week sponsored by Granny Snuffs & Wildes

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.

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22 May 2017, 15:31 | By Steve Moore |

Infrastrata – cash crunch & sack-the-board General Meeting ahoy… so it’s strategic review time!

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...

22 May 2017, 16:31 | By Nigel Somerville |

Minoan – acquisition, placing, debt update

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.

22 May 2017, 08:24 | By Pizza Hardman Darren Atwater |

23 May 2017, 08:35 | By Tom Winnifrith |

Amryt at 22.5p worth 62p - new 44 page report

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. 

23 May 2017, 08:35 | By Cynical Bear |

Challenger Acquisitions: Shameful rampathon – the FCA should investigate

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.

22 May 2017, 10:03 | By Tom Winnifrith |

Eden Research - Financials suggest its going tits up, FRC pans it after my request), Part 1

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.

23 May 2017, 08:34 | By ShareProphets |

UK Investor Show 2017 ‘Dragon’s Den’ picks update

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?...

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23 May 2017, 08:34 | By Tom Winnifrith |

Andalas raises £600,000 - which means net cash is less than ZERO - it's still bust & worthless

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!

22 May 2017, 10:02 | By Tom Winnifrith |

Malcolm Stacey misquotes me but is wrong about Inmarsat anyway - don't fight the tide

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.

22 May 2017, 10:01 | By David Scott |

Elect a clown, get a Circus

"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.

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22 May 2017, 08:09 | By Malcolm Stacey |

After Falling to Earth, This Sci-fi Share May Rocket, Once Mr Spock Locks On

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.

23 May 2017, 08:16 | By Malcolm Stacey |

All Eyes On OPEC. Will It Come Up with Goods or Will our Oil Shares Slide Down a Greasy Pole?

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.

22 May 2017, 11:35 | By Steve Moore |

Corero Network Security – service launch of a contract announced a month ago. Ramptastic!

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…