Yesterday as LGO Energy (LGO) raised £1.36 million gross, I published the emails showing how David Lenigas stated that the company needed £5-6 million to turn around. Even that was a lie predicated on silly output projections, but on the sums raised LGO is just fucked, it has merely postponed crunch time from April ( 2-3 weeks) to May, lets call it 7 weeks.
With the interims of the leading e-sports business, Gfinity (GFIN), due by the end of the month, I thought I would put my investment analysis to the test and try my hand at an interims preview rather than the more traditional review which can often skewed by hindsight.
George Osborne claims to have tackled debt. If you believe that you will take your trousers off and allow Boy George to chain you to a radiator. A picture speaks 1000 words.
Berkeley Energia (BKY) has announced half year results, that contractors have been selected for power line and road works and that “with all major approvals in place and with the strong support and backing of the authorities, activities on the ground will commence shortly”.
Following on from my recent article on Totally (TLY) and Tom’s recent bearcast, I take a look at the announcement of the acquisition of Premier Physical Healthcare for up to £6.75 million and the placing raising £6.2 million at 62p.
It amazes me how long some companies can maintain a buoyant share price when they are largely running on hot air. Currently African Potash (AFPO) would definitely fall into that category when you look at what was promised, and which induced the massive rise from around 0.3p, to what has actually been delivered so far to have justified that.
As Tom Winnifrith explained on his bearcast yesterday, it has been an astonishing few days for Challenger Acquisitions (CHAL) with the share price increasing massively in the space of a few days from a price of 23.25p at close last Thursday to a close today of 36p on Wednesday having hit 43.75p intra-day based on small-cap stock ramping at its worst.
Hello Share Skidders. - Mears Group (MER) is a fine company I’ve not looked at for some time. But its prospects looks rather perky at the moment, despite admitting a fall in profits. It has just announced a 12% fall in pre-tax profits, to £378 million. The City expected the drop, so the share price did not tumble.
In this bonus podcast I discuss all aspects of today's UK Budget from Chancellor George Osborne. It was an intensely political budget from Mr Osborne but not one I believe in very much. I failed to mention the lifetime ISA that lets help young people overpay for housing gimmick. It will not address the real issue that is asset inflation, instead it may fuel what is a bubble that bit longer.
Following a trading warning that saw shares in Rex Bionics (RXB) fall to around 70p in late 2014, I concluded that this is a type of company you want to succeed but, with it looking to be some way from being able to prove its commerciality and cashburn concerns until it gets there, the shares didn’t look to appeal as an investment – see HERE. With the shares now at 43.5p, the following updates post a trading statement today that the company “is pleased to provide”…
It does not seem as if Wandisco's (WAND) attempts to find someone to buy it have come to much. Certainly it does not mention this in today's calendar 2015 results which are truly abject and suggest the company is hurtling at a rate of knots to the very edge of tits up canyon.
In a wide ranging podcast today I cover: 88 Energy (88E), Verona Pharma (VRP), LGO Energy (LGO), UK Oil & Gas (UKOG), Solo Oil (SOLO), the woes of Jabba The Hutt, Wandisco (WAND), Stilo (STL) and Jiasen (JSI) and I offer you a severe warning about uber-ramped Challenger Acquisitions (CHAL) where its a real PLACING AHOY
Having listed on AIM in 2013 at 70p per share to “accelerate the rollout of CANTABmobile, our point of care cognitive test for GPs and dementia specialists”, shares in Cambridge Cognition (COG) currently trade approaching 20% lower today at around 55p on the back of a “Trading Update” including the company “not quite meeting earnings expectations for 2015”. This though follows a November update on expected contracts to “ensure that, despite increasing investment in both healthcare technology development and commercial infrastructure in the USA, the outturn for this year should be similar to 2014 and provide a strong contracted revenue base for the next fiscal year”. Hmmm…
Shares in marble quarry company Fox Marble (FOX) are continuing something of a recovery having fallen towards 10p early this month, with some further momentum now being provided by an update including that commissioning and opening of the company’s factory in Kosovo “is anticipated by the middle of the year”.
AIM-listed Igas Energy (IGAS) is my share tip of the year – as a sell. This morning saw its results for the 9-month period to Dec 2015 which did nothing to make me change my stance. Indeed there was a clear warning that the company is on course to breach its bond covenants during H2. The shares remain a stonking sell.
You know I have been thinking about a career change. As happens every week facebook for grown ups, LinkedIn, has sent me a selection of jobs on offer that it thinks I would be interested in. Second on the list is Senior Internal Communications & Engagement Advisor at the BBC. So that is where my license fee goes, great. Er what does one do here?
Naturally it would be un-Christian of me not to send my best wishes to Mr Yusuf Kajee one of the two tobacco smugglers who together with David Lenigas put together Afriag PLC (AFRI), a company Jabba listed on the AIM Casino but was forced to move to the ISDX lobster pot.
LGO Energy (LGO) has announced that it has raised £1.36 million in a placing at 0.25p and also that contractors have agreed to take payment of £590,000 of debts at the same price. This is a disastrous snub from the London Markets to David Lenigas as it was he who led this attempted bailout and mug punters were being promised a £5 million raise as you can see in leaked email correspondence below. Neil Ritson the hapless CEO of LGO admits that this is not enough, stating in the release:
Our sincere apologies for missing the fact that ShareProphets AIM-China Filthy Forty play Jiasen (JSI) slipped out a board change RNS at lunchtime on Friday last week. I guess we were all in the Punter's Return at the time. It seems that Mr Curt Riley has resigned as a NED as from the end of May.
Hello Share Mongers. It’s been my practice for a year or two to avoid techno firms like rattlesnakes in the night. But even in the most scary of sectors there are some firms that have potential.
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.
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?
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.
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...
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.
It was a keen competition this week. But we have found a winner.
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.
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.
I have already covered the dire financials of Eden Research that indicate it is just months from trading whilst insolvent as well as its panning by the Financial Reporting Council (FRC) - in response to my urgings. Now to today's monstrous half truths - I am perhaps being 50% too charitable in that description.
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.
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?...
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!
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.
"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.
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.
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.
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…
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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