ShareProphets

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


14 March 2016, 11:16 | By Tom Winnifrith, The Sheriff of AIM |

MX Oil Placing - This really does leave a bad taste in mouth

I warned you on Friday's bearcast that MX Oil (MXO) was trying to get a placing away at 0.75p and hey presto today we are told that it has indeed raised £2.5 million at 0.75p. The shares are down by 26% on the news at 0.8-0.85p: you dont need to thank me all at once for giving you a heads up. What is going on?

14 March 2016, 10:44 | By Tom Winnifrith |

The Key Macro Indicator of China GDP is Loo Seat Growth

Do you believe official Chinese data on economic growth? No, neither do I. But you are seeking a reliable indicator well here it is - growth in the sale of lavatory seats. I kid you not. A leading broker explains.

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14 March 2016, 08:51 | By David Scott |

The European Central Bank offers to pay banks that borrow money from it, hmmm

Whether Mario Draghi’s latest barrage of stimulus works or not, the European Central Bank president made one thing clear on Thursday, he won’t be the one to clean up afterward as ultra-low interest rates  are locked in until after the Italian retires in 2019.Economic growth rates are falling toward zero And at zero, it normally doesn’t make sense for the business community as a whole to borrow as the growth it expects will be less than the interest it will have to pay, but A person who lends at a negative rate must believe that the future is more certain than the present. The problem that many people have is that they think that 2008 was 'the event' and that it cleared the way and we’re back to a sustainable path, but nothing could be further from the truth. 

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14 March 2016, 08:41 | By Gary Newman |

No reason for the recent rise in share price of Sareum - sell!

Whenever a company sees a big share price movement and subsequently puts out an RNS citing that it knows of no reason for the rise (or fall), I would expect the price to return to around where it was previously.

14 March 2016, 08:34 | By Malcolm Stacey |

Despite Rising Food Costs, There Are More Reasons to Look at Morrisons.

Hello Share Wangers. It’s a dangerous game commending supermarket shares. I’ve done so before and been largely disappointed. But I do rather like the look of Morrison (MRW).  Though ever since I've held this stock, the price has been ticking down.

13 March 2016, 20:08 | By Tom Winnifrith |

Bulletin Board Moron of the Week Contest (7/2016) & last week's winner, there's no moron like an old moron

As ever there were some classic entries in last week's Bulletin Board Moron of the week contest with Drunken Sailor's own made up entry almost plausible as a real one. Had he not fessed up he'd have one the prize. The full raft of entries is HERE. But there is no moron like an old moron and no old moron like an MTV moron.

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13 March 2016, 20:06 | By Tom Winnifrith, The Sheriff of AIM |

Paul Queenie McManus at Walbrook PR - why is your fraudulent client Eden Research hiding from me?

Paul "Queenie" McManus of Walbrook PR has repeatedly briefed bulletin board morons who own shares in the fraud that is AIM listed Eden Research (EDEN) that I refuse to meet the company. That is a lie, I want to meet Eden, to record a podcast, and have made it clear I will head to its HQ in Cirencester. Yet Queenie declines to name a date. Why?

13 March 2016, 19:52 | By Tom Winnifrith, The Sheriff of AIM |

The 4 Companies I have Reported to the FRC - the common thread for Quindell, Eden, Avanti and Servision

I have to date reported four companies to the Financial Reporting Council asking it to investigate accounts which I believe to be fraudulent and or misleading. So where am I with these four and what is the common thread?

13 March 2016, 19:34 | By Amanda Van Dyke |

We Are In the First Inning of A Major Bull Market in Gold

You know what a gold bug I am and things are going my way. I told you so, David Skarica is of the opinion that a major pull-back is not likely and explains why in detail.

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13 March 2016, 19:16 | By Tom Winnifrith & Steve Moore |

Stanley Gibbons - another awful day

Shares in Stanley Gibbons (SGI) fell sharply on Friday to just 22.5p on the back of an announcement that the company “is very close to concluding the terms of an equity fundraising of approximately £13 million by the issue of new ordinary shares at a price of 10p”. Aaagh. We have called this terribly. Only BB Morons always get it right we have got this wrong and can only apologise. Are we selling? Where next for the shares?

13 March 2016, 17:34 | By Nigel Somerville |

Beating that effing Windows 10 “upgrade” - Deputy Sheriff 1: Microsoft 0

Well, I think I’ve done it. At least for now. I’ve calmed down a bit too. The battle with fucking Microsoft and Windows 10 is won and, I hope, the war too. But I was unable to prevent not one but two “upgrades” from my current Windows 8.1 setup to the improved (and not working) 10. Quite why I should have to spend most of Friday morning and a large chunk of my Sunday dealing with it when I have had to pay for the privilege of using Microsoft Windows in the first place is beyond me. Why do we just accept it?

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13 March 2016, 15:14 | By Tom Winnifrith & Steve Moore |

Distil, bullish trading update, premium placing - last chance saloon to buy

Shares in Distil plc (DIS) traded more than 20% higher, at just over 1p on Friday, on the back of an update that “we remain confident for the fourth quarter of the financial year and expect full year performance to be in line with the board's expectations” and a rare placing at a premium.

13 March 2016, 14:34 | By Tom Winnifrith |

Tom Winnifrith Pre Budget Bearcast - Leave poor smokers alone, why not a todger tax on gay bath-houses?

In this pre budget podcast I look at likely tax breaks for the North Sea and who to short after the Chancellor pisses taxpayer cash away on that, I look at the budget in general and why Osborne is a failure and then I discuss smoking and taxes on smokers which are wrong at all levels - why not a todger tax on gay bathhouses instead? I warn you that this podcast uses some colourful language. Please if you listen on itunes give it a 5* rating in response.

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13 March 2016, 12:34 | By Tom Winnifrith |

David Lenigas in Cuba Photo Caption Contest - deadline Sunday

Last week it was Doriemus ( booted off AIM onto the ISDX lobster pot) that was the Lenigas car crash. This week it is Fastjet ( dire profits alert, going bust). Which Lenigas associated company will crash & burn next week I wonder? But while shareholders in companies linked to Jabba The Hutt suffer, the man himself is hard at work in Cuba as the photo below shows.  By midnight Sunday please submit your captions in the comments section below.

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13 March 2016, 11:59 | By Pizza Hardman Darren Atwater |

Notes from Underground - Other voices, other rooms

Maybe it's because it's a big US stock, or maybe because the world just hates working with Microsoft, but Nigel Somerville's Hey! Microsoft! Fuck you and fuck you some more - re Windows 10 comes in at an easy number 16, which is extremely high for a non-Tom story. Particularly one only written yesterday. It apparently has got under people's skin.

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12 March 2016, 18:24 | By Tom Winnifrith |

Tom Winnifrith Bearcast 11 March - Being uber bearish and being a mean bastard to wronguns like Lawson

I repeat my request re itunes - please go give Bearcast a 5* rating now. Then I refer to Amanda's piece earlier which is a compelling lesson in why its right to be a bear. Finally I explain why I am a mean bastard when dealing with Dr Harold Shipman, oops I meant Roger Lawson of ShareSoc.

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12 March 2016, 16:56 | By Nigel Somerville |

Hey! Microsoft! Fuck you and fuck you some more - re Windows 10.

I am normally not so intemperate but Microsoft has really got this coming to it. Be warned: bad language ahead….

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12 March 2016, 16:47 | By Tom Winnifrith, The Sheriff of AIM |

Fastjet: the ghastly truth of looming insolvency the airline & Citigate did not want you to know

In its most recent profits warning Fastjet (FJET) used language deliberately designed to hide how close it is to trading while insolvent and how inevitable a bailout placing is. Its PR firm Citigate Dewe Rogerson then engaged in disgusting fascist bulling and smearing to distract attention from this pressing issue. But the truth will out and, indeed, here it is.

12 March 2016, 15:52 | By Tom Winnifrith & Steve Moore |

Begbies Traynor Trading Statement - on track: buy

Begbies Traynor (BEG) has updated that its third quarter ended 31st January saw performance “as anticipated” and that it “is well placed to deliver the board's expectations for the financial year as a whole”.

12 March 2016, 12:37 | By Tom Winnifrith |

Avanti shares slip despite another ramptastic RNS - Emperor Williams New Clothes called out!

Historically the pattern with Avanti Communications (AVN) has been it is asked an awkward question like how much business do you do with ISIS? Or why is it that your 2015 joke accounts are being looked at by the FRC? Or, if your bonds are junk rated when do you go bust? Its shares tumble. Then it announces a new ramptastic contract win either of an unspecified amount or for many years in the future. Its shares bounce but then fade and slump when the next question is fired over.

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…