ShareProphets

Thursday 29 June 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


31 May 2016, 16:42 | By Nigel Somerville, the Deputy Sheriff of AIM |

Filthy 40 MoneySwap – loan drawdown and a nasty read-across from PCG Entertainment which needs a full Steward’s

Oh dear, oh dear. I have the utmost respect for Richard Poulden who had the grim task of overseeing today’s awful trading update from AIM-China play PCG Entertainment (PCGE) and like Tom Winnifrith I had hoped that his outfit might prove to be a rare winner on the Filthy Forty. My experience of him has been one of immense integrity a very sharp mind so it is with considerable sadness that I am writing this. But a bit more digging later, it looks just awful – although, I must stress, not on Mr Poulden - and there is a worrying implication on fellow Filthy Forty play MoneySwap which is already is considerable trouble. Sadly, I fear that AIM Regulation needs to do a full steward’s here.

31 May 2016, 16:04 | By Tom Winnifrith, The Sheriff of AIM |

Teathers - Nomad quits, cant get accounts out on time - Directors must be fired at GM

Shares in Teathers Financial (TEA) were set to be booted off the AIM Casino as of Monday for failing to implement its investment policy. The crowd thought it was all over...it is now! With a spectacular hat-trick of own goals Jason "Geoff Hurst in reverse" Drummond has handed victory to his, many, critics.

31 May 2016, 15:30 | By Steve Moore |

Goals Soccer Centres – boardroom change aplenty, but trading change?

Since announcing 2015 results – which I reviewed HERE – Goals Soccer Centres (GOAL) has now announced appointments of a new CEO and three new non-executives (including a new senior independent non-executive) as well as updated on trading and a review of the business…

31 May 2016, 15:13 | By Nigel Somerville, the Deputy Sheriff of AIM |

Filthy 40 Univision – profit warning

Shares in ShareProphets AIM-China Filthy Forty play Univision Engineering (UVEL) are currently trading 17% lower after the company announced a profit warning in relation to the poor trading performance of its 52%-owned Taiwanese subsidiary T-Com Technology Co. Ltd. This is not the only issue facing the company, however.

31 May 2016, 12:05 | By Steve Moore |

Monitise – content business disposal off due to strong performance and prospects & to minimise uncertainty. Really?

With its shares rising fast from sub 2p at the start of March, Monitise (MONI), noting the movement, updated that it was “in very early stage discussions regarding a possible disposal of the Content business”. Now, these discussions have “ceased” - with the shares currently sliding back below 3p in response…

31 May 2016, 10:51 | By Nigel Somerville |

AfriAg – annual report shows what a spoof Lenigas director buying was

Delisted from AIM and so now only listed on the ISDX lobster-pot AfriAg (AFRI) published its FY15 Annual Report the other day. You can read it HERE. There remain plenty of unanswered questions (see HERE) but on one point the Annual Report reveals an extraordinary cynicism in the boardroom as it was before former Exec Chairman David Lenigas departed the scene.

31 May 2016, 10:05 | By David Scott |

When you can hear the Bitcoin ice cracking - you know there’s a crisis coming.

We got an indication of what the Chinese may do on Monday morning on the Yuan's morning fix, after Yellans bullish comments sent the markets rushing to update there forecasts on the date of the next US interest rate rise-I think July. Because on Saturday, unprecedented volume of bitcoin buying out of China, sent the digital currency soaring to the highest level since 2014, as insiders fled the Chinese currency and so to script on Monday the official exchange rate of the onshore Yuan was lower by nearly 0.5%, from 6.5490 to 6.5794, the lowest fixing in more than 5 years, or February 2011.

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31 May 2016, 10:01 | By Tom Winnifrith, The Sheriff of AIM |

Inspirit = In fecking denial = In The Merde

There is trouble in the boiler room...not that you'd know it if you read the bollocks being pushed out by jam tomorrow POS Inspirit Energy (INSP). The company has today issued an RNS which is laughable. It really is the most blatant crap you will read all day. Over to the boiler room:

31 May 2016, 09:41 | By Tom Winnifrith |

PCG Entertainment - shocking trading statement, just shocking

With a heavy heart, since good friends are involved in PCG Entertainment (PCGE) those of us who had hoped that it was the China AIM play that would work out well, today look in dismay at a share price cratering and a trading statement that is just shocking beyond belief. This was meant to be the good China play..what does that say about the rest?

31 May 2016, 09:37 | By Nigel Somerville, the Deputy Sheriff of AIM |

Igas – new Nomad and Broker appointed: bail-out imminent?

Shares in AIM-listed and over-indebted Igas Energy (IGAS)  had a good week last week, rising by about a third in value before slipping back again. But its balance sheet problems (well documented on ShareProphets, see HERE) continue to mount and this morning it was announced that Investec has been appointed Nomad and joint Broker, replacing the previous incumbent Jefferies International. Whilst one might wonder if Jefferies jumped or was pushed, the bigger question is when the bail-out re-financing will come and how big the shafting for existing shareholders will be.

31 May 2016, 09:35 | By Cynical Bear |

Xtract sells Manica: Good deal?

Feeling a bit sad writing this having read the RNS issued by Xtract Resources (XTR) last week about the disposal of the Manica project to Nexus and MTI for $17.5 million. I feel that I should pay my respects.

31 May 2016, 08:25 | By Malcolm Stacey |

There's a Fair Chance that FairFX Will See its Customer Count Fairly Fly.

Hello Share  Swelterers. I don’t much like the name of today’s firm I offer for your consideration. You see, I don’t admire company titles which are hard to remember or even say because they don’t conform to the rules of grammar. The company is FairFX  (FFX) which is a prime offender reference my aforementioned prejudice. But having said that, this share is fashionable. That’s because of the EU referendum. If we leave Europe, the pound is expected to take a hit. I dunno why exactly, as the Euro should also be damaged by one of its biggest members leaving. But there we are.

30 May 2016, 19:29 | By Cynical Bear |

Watch out Real Madrid, the Sub-Standard Shockers XI is ready to take on all-comers

Some of you will know I have a bit of a bugbear with the use of the Standard Segment of the Official List, particularly for small investment companies, so in the spirit of Nigel’s great work on the FilthyForty, I have compiled my very own football team of Standard List participants to follow throughout the forthcoming seasons.

30 May 2016, 17:05 | By Gary Newman |

United Cacao is a speculative buy - at the right share price

When it comes to commodities people usually think in terms of oil or mining companies, but there are also many ‘soft’ (grown) markets, and some of these have been performing strongly.

30 May 2016, 13:02 | By Nigel Somerville |

Does the Bagot/WH Ireland case suggest a change in the law is required?

That WH Ireland was deemed responsible for the horrific investment losses of pensioners Mr and Mrs Bagot is in little doubt: the Financial Ombudsman Service (FOS) found in the Bagots’ favour. But due to its limited remit the maximum award it was able to enforce came to just £150,000 plus some costs and interest. Given that the actual losses (and recommended recompense) were a healthy multiple of that figure I wonder whether this outcome shows that the current system is flawed.

30 May 2016, 12:27 | By Graham Neary |

Gulf Keystone Petroleum - Revelations: The Final Judgement

And God shall wipe away all tears from their eyes; and there shall be no more death, neither sorrow, nor crying, neither shall there be any more pain: for the former things are passed away.

It is with no small sense of humility that I disclose a token short position in Gulf Keystone Petroleum.

30 May 2016, 12:17 | By Tom Winnifrith, The Sheriff of AIM |

Fraudster Rob Terry in the Prison showers Caption Contest Result

It is no shock that the Rob Terry bar of soap caption contest produced a flurry of entries as you can see here which focussed in on a similar theme. Terry knows all about folks getting an unexpected shafting does he not? Soon he will find out that the Good Lord was right after all and that it is indeed better to give than to receive. Anyhow the winning caption is:

30 May 2016, 12:08 | By Tom Winnifrith |

Tom Winnifrith Bearcast - Answering the Question asked by the Daily Mail

I prepare for a celebration lunch with lefties in the grim North. Woe is me. But my mind wanders to what else was happening in 1966? I am really not on the ball today. Then I ask how can we say that investors are protected if fraudster Rob Terry can raise cash for his Knob Park ponzi via crowdfunding? Then I answer the question in today's Daily Mail (a loathsome rag) - in a low interest rate era should you pay off your mortgage?

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30 May 2016, 11:12 | By Tom Winnifrith, The Sheriff of AIM |

Can the FCA really be so useless that it allows Rob Terry to raise cash on an industrial scale from mug punters again?

It appears that the answer to that question is yes. Terry has not only said he is going to do it but he has told the FCA how he is going to do it. And the chocolate teapots appear happy to let this continue. It is bad enough that Terry boasts that he made in excess of £30 million from the Quindell fraud, but it seems in Britain he can carry on stealing and no-one cares.

30 May 2016, 10:41 | By Nigel Somerville, the Deputy Sheriff of AIM |

Tern – acquisition of Flexiant: a marriage made in heaven, or one of convenience?

On Thursday of last week AIM-listed investment company Tern (TERN) announced the acquisition of Flexiant Limited. It looks a bit of a complex deal, but the question in my mind is what Tern has actually bought? And since Tern already has a holding in the parent company of Flexiant, how does it leave that looking?

10 hours ago | By ShareProphets |

The June edition of the UK Investor Magazine is live - 5 share Tips, voting guide, and where to emigrate if the wrong party wins

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.

 
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4 days ago | By Darren Atwater |

New Bulletin Board Moron of the Week contest - sponsored by David Lenigas on steroids

The prize is a cheap one way flight to Mars organised by Elon Musk a promoter who makes David Lenigas seem bashful and understated. The challenge: We're looking for exemplary examples of sheer stupidity from those founts of brilliance; LSE.co.uk, III.co.uk and ADVFN.co.uk. The deadline to post your entries in the comments section below is midnight, Sunday 25 June.

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7 days ago | By Tom Winnifrith |

Little Steve Sanderson of UK Oil & Gas in action on the Weald Basin caption contest

It seems that little Steve Sanderson of UK Oil & Gas (UKOG) was hosting anyone who was interested at the company's site at Broadford Bridge on the Weald Basin. Just last week the Old Bill were arresting local protestors near the drill pad, so what is little Steve saying now? Suitable captions in the comments section below with a deadline of midnight tonight please.

7 days ago | By Malcolm Stacey |

Here's One For Plastic Palace Alice - A One Year Profit-Doubler

Hello Share Smudgers. Companies which manufacture plastic bits and pieces have done rather well in my bag in recent years. But one I have not so far touched, yet ought to do so soon, is Carclo (CAR).

7 days ago | By Steve Moore |

InterQuest – attempted robber barons respond to Defence Document, admit their offer “constrained”…

Lambasted for a “materially undervalues” 42p per share offer, the InterQuest (ITQ) attempted management buyout team at Chisbridge Ltd has made a “Response to Defence Document”

7 days ago | By Steve Moore |

Hornby – major holder’s purchase means a mandatory cash offer

Last month saw a regime change General Meeting requisition withdrawn at Hornby (HRN) and now the major shareholder, Phoenix, has unconditionally agreed to acquire the rebel’s (New Pistoia Income’s) shares – seeing it required to make a mandatory cash offer for the whole company...

7 days ago | By Tom Winnifrith |

Tom Winnifrith Bearcast: Why Paul Scott's fucktard follower will always lose & should you sell all your oil shares?

Okay this really is the last one until September. But I have packed and am ready to travel and am bored, so here goes one more time. First up I discuss those who always blame others for their lack of profits, citing some twitter chum of the great Paul Scott. Then as Brent plunges through $45 I discuss why it is falling, where it will go next and if you should sell all your shares. The answer is a very selective no.

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7 days ago | By Tom Winnifrith |

Luke Johnson speaks up for we terrified entrepreneurs

Luke Johnson will be among the star speakers at UK Investor Show 2018. Those with a golden ticket will also get to hear him in conversation with Nigel Wray at the Saracens evening the Wednesday beforehand - that will be a battle of the pizza men, a real treat - more details HERE. In his Sunday Times column last weekend he echoed my post-election gloom about how we entrepreneurs should feel terrified - HERE. It is brilliant stuff. Frankly Luke is THE reason to buy the Sunday Times. Luke opines:

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7 days ago | By Cynical Bear |

Highlands Natural Resources: Results out - fun over - bubble bursting - get out

I’m no longer surprised how stocks that, in my view, are inherently worthless or at least worth a fraction of their current share price can stay at such a high price or so long but I think the bubble is bursting, and gravity is taking hold, at Highlands Natural Resources (HNR) with a shocking set of results released yesterday. Let’s have a look at the “highlights”!

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

Lies, smears & blackmail: Loathsome Rita tries to cling on at Magnolia Petroleum

Less than lovely Rita Whittingham is doing her utmost to cling onto the gravy train for her and her relatives which is Magnolia Petroleum (MAGP). You will remember that there are moves to oust the proven failure and install one director from Nostra Terra (NTOG), Evan Ainsworth, and an independent director, Zac "The Knife" Phillips, the City's No 1 oil analyst. This would not be a change of control as Rita asserts since The Knife is independent, but a much needed boardroom clearout. Now to the defence document which is worthy of Jeffrey Archer. It is just low grade fiction.

7 days ago | By Andre Brand |

My advice to the next Chancellor

I have to confess to being very depressed over the course of the last few months. I think the depression has actually been increasing and I put it all down to media and politics.

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

Naibu – SHOCKER filthy forty update and litigation news. Who's in the frame?

Out of the blue this morning, we have had an update from ShareProphets AIM-China Filthy Forty Naibu. This was an obvious fraud and delisted in 2015 when the money stopped flowing and Houyan Lin disappeared. But the board decided to stand up to be counted. They may have been taken in and signed off on all sorts of lies, but they have been pursuing the case and today have also announced that viable legal causes of action look to exist to go after certain of the various professional advisers who were involved at the time of the flotation.

6 days ago | By Steve Moore |

The People's Operator – “Make a call, make a change”… shareholders make a loss…

“The People's Operator (TPOP), the cause-based commercial mobile virtual network operator, is pleased to announce its full year results for the period ended 31 December 2016”. Hmmm, these being announced approaching six months after the year-end – rarely a good sign…

6 days ago | By Steve Moore |

Imagination Technologies – shares jump on commencement of formal sale process, though “remains in dispute with Apple”

Shares in Imagination Technologies (IMG) have currently recovered more than 17%, to 145p, on the back of a “Commencement of formal sale process” announcement…

6 days ago | By Malcolm Stacey |

Mitie Is No Mouse at Cost Cutting and Finding New Customers

Hello Share Seekers. Times have not been pucker for firms which claw a lot of business from local councils and other organisations. Government cuts have caused so many local authorities to cut back on their awards of business to outside contractors. Mitie (MTO) is one such firm.

6 days ago | By Steve Moore |

James Latham – “pleased” with full-year results, but a buy?

Having last year commented on slowing growth, I note results for its year ended 31st March 2017 from panel and timber distribution company James Latham (LTHM)…

6 days ago | By Darren Atwater |

Winner of the Little Steve Sanderson of UK Oil & Gas in action on the Weald Basin caption contest

There were some good entries for this edition of the caption contest, and it was a photo finish for the winner of captioning this photo of  little Steve Sanderson of UK Oil & Gas (UKOG), playing host to anyone who was interested at the company's site at Broadford Bridge on the Weald Basin. 

28 June 2017, 14:55 | By ShareProphets |

The June edition of the UK Investor Magazine is live - 5 share Tips, voting guide, and where to emigrate if the wrong party wins

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.

 
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28 June 2017, 14:55 | By Corbyn's pal Darren Atwater |

New Bulletin Board Moron of the Week contest - sponsored by Paul "Queenie" McManus PR to London's worst frauds & AIM trash

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.

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27 June 2017, 08:11 | By Tom Winnifrith, The Sheriff of AIM |

Exclusive: The full Slater & Gordon High Court Claim against Watchstone for £537m - damning on Rob Fielding, David Curry & the lies Quindell told

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.

27 June 2017, 10:02 | By Tom Winnifrith, The Sheriff of AIM |

Saffron Energy - The City's No 1 oil analyst Zac Phillips sticks his knife in and he has a point

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.

28 June 2017, 08:06 | By HotStockRockets |

Minoan - Yes it can now develop Cave Sidero - we are off to the races: Yamas!

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.

28 June 2017, 14:55 | By ShareProphets |

You may know Tom the fraudbuster but what about the man who makes you money from value investing shares tips - act TODAY!

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.

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27 June 2017, 08:14 | By HotStockRockets |

Concepta - CEO buys a not un-trivial amount of shares: Follow suit

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.

28 June 2017, 11:05 | By Tom Winnifrith |

Bulletin Board Moron Evil Knievil still wrong on Watchstone

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.

28 June 2017, 08:23 | By Tom Winnifrith |

The fake news Guardian - misleading headline on Brexit and EU workers leaving

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?

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27 June 2017, 10:03 | By Nigel Somerville, the Deputy Sheriff of AIM |

Advanced Oncotherapy – Annual Report published: Guess what?????

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…

27 June 2017, 10:20 | By Tom Winnifrith, The Sheriff of AIM |

Mayan Energy the dog has a new trick but it makes no sense at all - coke & hookers better value

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....

27 June 2017, 08:13 | By Tom Winnifrith, The Sheriff of AIM |

Strat Aero - reality setting in - do not BUY!

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.

28 June 2017, 08:22 | By HotStockRockets |

Metal Tiger – news from Spain, but the real news we want still to come - BUY

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.

28 June 2017, 08:16 | By Tom Winnifrith |

In Gold We Trust 2017

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.

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28 June 2017, 08:20 | By Tom Winnifrith, The Sheriff of AIM |

Advanced Oncotherapy - letter to Financial Reporting Council re uber dodgy accounts

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:

28 June 2017, 11:04 | By Gary Newman |

Shenanigans at Blenheim Natural Resources need investigating

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.

27 June 2017, 12:41 | By Tom Winnifrith |

Servision - how do you keep lots of idiots in suspense? We'll tell its shareholders on Friday

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?