Friday saw the release of Norman Broadbent’s (NBB) final results for 2015. This small executive search business is alive and kicking despite a sequence of unprofitable years.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of May 2016 (by net short position %) - and if the positions have increased (red), reduced (green) or remained unchanged (black) since last month...
ShareProphets likes to bring you the news that companies don’t want you to see. In that vein we bring you yesterday’s RNS from the AIM-listed mile-high croc of **** with no CEO and which is running out of cash otherwise known as Fastjet (FJET) which was entitled Notice of AGM. To make things look really kosher it came out at 3.36pm on a Friday: no-one-is-watching o’clock. Whilst some in the square mile may already have been off lining up the Friday night coke and hookers, we were still watching. Blow me down with a feather, it wasn’t just a notice of AGM.
Hello Share Schemers. I read a very recent piece on this glittering website from Terrers the Frenchman. Readers of his occasional, but very well researched and detailed articles, will know that he usually takes the gloomy view. And this is what happened in Thierry’s latest interesting piece which points out that the Footsie is once again on the back foot. In his opinion things may just get worse before they come better. And yet, as he also mentions oil prices have risen and the S & P has been trading near highs. So what’s holding the Footsie back? Well, I think we all suspect it is the uncertainty over Europe.
LGO Energy (LGO) should be publishing the year end accounts for 2015 within the next week. If the accounts are audited we will probably see LGO declaring an operating loss of between £10-15 million. I have not seen any analysts expectations so its hard to assess how the market will react to this.
The BBC could not get enough of Piers Linney as a Dragon on the Den. Black, working class and from the North the chap was, we were told, worth £100 million. If only he'd been in a wheelchair and a lesbian and the Beeb would have got the full Politically Correct suite but heck Piers was "minority" enough and the State Funded broadcaster creamed itself. Sadly it was all a myth.
Oh dear, Oh dear, when even those you pay to produce buy notes, refuse to promote your shares you know that you are in trouble. Equity Development, which has been pumping Fastjet hard since 2013 has today said it cant set a target price any more. Cripes, I suppose that if FastJet can spare a few quid it could always get Gollum and Zak Mir to ramp its shares but back to those paid for rampers we can take, at least a bit, seriously.
Earlier today we flagged up a planned rampfest investor evening organised by jam tomorrow and hot air producer Inspirit Energy (INSP) which - according to the original RNS - featured an array of attractions including Zak Mir - who was laughably described as the UK's favourite technical analyst, which Nomad signed off on that crap? - and a chance to quiz FD Nilesh Jagatia. Oh goodie goodie thought a number of folk from the Teather (TEA) shareholder action group who would like to ask Nilesh about how he has trainwrecked their company and if he condones blackmail?
Having recently noted boardroom change aplenty but questioned trading change at Goals Soccer Centres (GOAL), the company has now announced completion of a strategic review, resulting in that “four strategic priorities have now been set”, and a 100p per share, £16.75 million (gross) placing. These are targeted to “help strengthen the group's market leading position, improve ROCE and increase value for shareholders over the longer term”. Hmmm...
Well you can’t say you were not warned on countless occasions (see HERE), having called this a sell back in September of last year, and naming it as one of my top picks for a zero in the UKI magazine in November. This morning AIM-listed (but not for much longer) SeaEnergy announced that it had gone into administration and that its hapless Nomad WH Ireland had resigned with immediate effect. I’ll bet WHI is really pleased it took on this dog-with-fleas back in November. I hope that readers duly collected their bags of crisps before the shares were suspended pending clarification.
In today's podcast I start with a few words on Greece as I head up to the Greek Hovel and the snakes. Then I move through TrakM8 (TRAK), Avanti Communications (AVN) and onto Boxhill (BOX). Lord Razzall: we will give you the day off to compose a resignation (in disgrace) letter, there are two more bombshells for you but they can wait until the weekend. I look at Bushveld (BMN), Jupiter Energy (JPRL) - and what its crisis says about oil companies in general - and finally I spend a good time taking apart Mayair Group (MAYA)
Begbies Traynor (BEG) is a fine example of a counter-cyclical stock. As the UK’s leading independent insolvency practitioners, they see a great deal of business when other firms are failing. It has been an unexciting value stock for the past several years, but this morning’s acquisition news shows there is still plenty of potential here.
It is good to see that Inspirit Energy (INSP) is spending the £750,000 from the bailout financing of last month wisely. Canapes and stockmarket hookers all round.
Following my piece on Wednesday asking what had happened to a second tranche of investment into Leap Gaming, AIM-listed FastForward Innovations (FFWD) yesterday finally got around to an RNS confirming that it has now all completed. Hot on the heels of Cynical Bear’s Gotcha on Boxhill (BOX) perhaps we should start up a ShareProphets Nomad Services outfit - £30,000 a year retainer per company? That’ll do nicely.
Following a true 'no-one watching o'clock’ “Business Update” from DCD Media (DCD), it has followed suit with the results announcement – with a 4:10pm release. I wonder why...
Hello Share Crunchers. Let me send you a letter recommending you research Royal Mail (RMG). I believe, though am not entierly sure as I don't look too closely into her finances, that my wife still holds some shares. So I am not entirely unbiased. Though I sold mr Royal Mail stock some time ago for a tasty profit - and have no plans at present to buy them back. This is not because I believe the share has a limited prospect of rising, but because this family already owns enough Royal Mail shares. Eggs and baskets and all that.
I have noted before that Zac Phillips, the oil analyst at SP Angel is normally only too kind to shite oil companies on the AIM Casino. He bends over to be nice to them and to excuse their lamentable performance. But just now and then, the inner Zac emerges. It is like when mild mannered Sir Geoffrey Howe plunged the knife into the blessed Lady Thatcher, an episode which was seen as "like being savaged by a dead sheep"
I start by analysing a very odd paragraph concerning Aureus Mining (AUE) in the Times Market Report. Then it is onto Boxhill (BOX) which is a zero, Lord Tim Razzall you are "in sights" there is more to come. Then it is onto Armadale (ACP), Purecircle (PURE) and FastJet (FJET), oh Duck & Dive where are you? It's time to say "sorry TW was right, as usual - I am sorry for daring to suggest that his analysis was wrong."
The FTSE 100 closed down on two consecutive days, it would appear the bear trend has resumed. Oil is still trading near the highs, the S&P 500 is still trading near the highs, it seems the FTSE is going down alone. It could be something to do with the referendum or it could simply be that the UK index is leading the way as it has often done during the bear market. In this case I expect the S&P to follow the FTSE lower.
Good to see that Boxhill Technologies (BOX) finally RNS’d the winding-up petitions that it had received last Friday but I’m afraid I’ve got more. My bedtime reading last night included a 600 page court case transcript of a hearing in the High Court, Chancery Division, from last July in which former CEO of Boxhill, Phil Jackson, didn’t exactly cover himself in glory.
The June edition of the UK Investor Show Magazine is live featuring three resource shares to buy, two more share tips, a voting guide for investors, and where to emigrate if the wrong party wins a special offer expiring on June 14 and much more.
Queenie smears journalists and spins for all the worst companies on the casino from fraudsters Eden to Advanced Oncotherapy to Norfolk's finest Fusionex. He truly is a posterboy for AIM and thus a fitting sponsor for this week's contest. The challenge: We're looking for exemplary examples of sheer stupidity from those founts of brilliance; the Bulletin Board Morons who dwell on the cesspits that are LSE.co.uk, III.co.uk and ADVFN.co.uk. The deadline to post your entries in the comments section below is midnight, Sunday 2 July.
Slater & Gordon (SGH) spunked £649 million on buying the worthless, fraudulent assets of Quindell (QPP) in 2015, a deal that has seen its shareholders suffer a 99% wipeout. It has now filed a UK High Court claim against Watchstone (WTG), Quenron as was for £637 million and we have obtained the papers and, in a major scoop, publish the Claim in full below.
I tipped shares in Saffron Energy (SRON) but urged folks to take profits some months ago. The shares were then 8p+ having listed at 5p. In recent weeks the shares have slithered back towards that 5p and I have been urged by folks to re-tip. I resisted that urge. Something was wrong. Now we all know what some folks have clearly known for a while, what the problem is.
It has taken more than two decades and exposed the Greek planning system for the total joke that it is but Minoan (MIN) now has the all clear to go ahead and develop the spectacular Cave Sidero site in North East Crete.
You may know Tom Winnifrith as the man who exposes fraud on AIM and gets a stack of death threats and lawyers letters for his troubles. Just on Tuesday he has published a massive exclusive on Quindell, the biggest London stockmarket fraud for 30 years, and a con the regulators thanked him for exposing. That breaking news is HERE.
It is good to see a CEO putting his money where his mouth is and the share purchase by Erik Henau should also scotch the silly rumours that a placing is imminent. The Concepta (CPT) head honcho has purchased 80,000 shares at 12.175p. He now owns 293,333 shares so in that context this is a decent purchase. We'd hope to see more boardroom buying soon but expect also to see more hard news on order flow very soon.
I guess if you write for a website that makes the Official Jimmy Saville Fan Club website seem well read and popular, it forces one to also post on Bulletin Boards in order that your words of wisdom/attempts to ramp your flagging portfolio reach an audience of more than three men and a dog. Speaking of dogs - Watchstone (WTG) is stock which bear raider turned Bulletin Board Moron Evil Knievil has long argued is worth 500p. The shares are now 140p ( and falling) after yesterday's massive revelations from me HERE.
I bet the BBC News picks up on it and runs with it too. But its sister publication is quick out of the blocks...The Guardian today runs with a raft of misleading headlines and other fake news as is its wont but the one on Brexit driving EU workers abroad wins the prize. The left wing rag with plunging sales and spiralling losses states: "Almost half of highly skilled EU workers 'could leave UK within five years". The sub head is "Deloitte study finds 47% were considering leaving after Brexit, while overall one-third of non-British workers could leave". Right, okay but hang on what did the survey actually say and was it big enough to be statistically valid?
AIM-listed Advanced Oncotherapy (AVO) has released its full Annual Report. Having looked yesterday at a few things I thought it would be worth a second look – especially in the light of a clean audit report from RPG Crouch Chapman. Mea culpa to myself and Tom who expected something different, but hang on a minute…
Another day and another director walks, a new strategy is adopted and yet more confetti is issued by AIM casino uber dog Mayan Energy (MYN), formally the hound known as Northcote Energy. But this latest move just makes no sense at all. Let me explain with a little bit of help from a friend....
I warned you in explicit terms yesterday that the doubling of the Strat Aero (AERO) share price to 0.14p on the back of results which can best be described as a shit sandwich with dollops of jam tomorrow on top, was not justified. The shares have now slumped back to 0.09p-0.11p (TW 7, BBMs 0 once again) but do not BUY now for there are still deluded fools abroad.
Metal Tiger (MTR) has updated on exploration at the Logrosan Minerals joint venture in Spain – helping the shares currently slightly higher to 2.03p mid.
A year ago Ronald Stoeferle stated that we were at the very beginning of a bull market in gold, He was wrong. He says that was stopped by Donald Trump. Gold and commodities are dirt cheap when compared to stocks. Equities, bonds, and real estate are at or near their all time highs. He thinks the dollar is close to rolling over.
In a sense this is not that relevant as Advanced Oncotherapy (AVO) is within a couple of months of running out of cash and going tits up but on a point of principle I have written to the my very good friends at the Financial Reporting Council as there are aspects of Advanced's 2016 annual report and accounts which stink more than a pile of rotting kippers left out at a sewage farm in the scorching midday heat. The letter follows:
A few weeks ago I penned a piece on Blenheim Natural Resources (BNR) in which I was highly skeptical of the recent holdings RNSs from a certain Pershing Nominees/Valbury Capital.
Worthless AIM listed piece of excrement Servision (SEV) always seems to report its results at the last possible moment to avoid suspension on the casino. In 2016 calendar 2015 numbers (piss poor) arrived on the 30 June deadline day. For 2016 its a slam dunk bet that the numbers (piss poor) will arrive this Friday on deadline day. Why is that?
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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