I was watching an old video today in which the great bear Marc Cohodes was interviewed about Concordia a fraud he called as a fraud. The shares were just over $100. They were c$37 when this interview went live. They are now sub $3. Listen to what he says about how investors and fraud companies react to him. This sounds very familiar to me as I discuss in the bearcast below which compares Cloudtag (CTAG) and my life to that of Marc and Concordia.
Concepta (CPT) has announced that it has secured ISO13485 accreditation which is a key step in attaining its CE marking for its 'myLotus' product for unexplained infertility.
And so the guy delivering a package for next door said "Hello Tom". He is a keen reader and owns shares in UK Oil & Gas (UKOG), ScotGold (SGZ) and Xtract Resources (XTR). He must be a big fan of Big Dave Lenigas as well. It was a good chat. In this podcast I look at how quickly sentiment can change ref Nostra Terra (NTOG) and Optibiotix (OPTI). I cover Iofina (IOF) and Strat Aero (AERO) and reflect on how the curse of the Sheriff of AIM has fallen on Dolphin Capital (DCI). It took a while!
Sorry if my good friend Jim Mellon feels if I am picking on him today but moving on from Port Erin (PEBI), the old boy (60 in a few weeks) has also been active at Condor Gold (CNR), the dog where he sits as a NED. Hang on tight folks, this related party trail is getting confusing.
Shares in building products distributor SIG plc (SHI) are currently recovering approaching 11%, above 100p, on the back of a “Trading Update” announcement…
And so after its website disappeared at least as early as late November last year and two failed efforts at getting a replacement available so as to comply with AIM Rule 26, ShareProphets AIM-China Filthy Forty play Taihua (TAIH) has finally issued some Jackanory of a statement saying it now won’t be complying until Monday next week. The explanation may seem reasonable, but in context they’re ‘avin’ a bubble.
Flustered by the shock revelations about Diabetic Boot Company HERE, Jim Mellon's Port Erin (PEBI) published a December 31 NAV. Given that it published full year numbers when no-one was watching on 22 December this whiffs of panic. Unfortunately the statement begs more questions than it answers.
A trading update from Robinson plc (RBN) includes that “the directors anticipate trading profits for 2016 will be slightly below market expectations”. So why are the shares approaching 10% higher?...
Hello Share Crushers. I’ve long held that travel operators are not an ideal choice for investment these days. This is based on the view that as people become more internet savvy, they see the economies of arranging their own holidays - thus eliminating the middle man. This makes it very hard to attain growth, and that’s what really drives share prices. And there are now other concerns on the horizon.
Paul Scott gets some things right I get wrong ( Boohoo!). And he is an incredibly talented analyst and writer and a good bloke. But his reaction to the TrakM8 (TRAK) shocker earlier is just nonsensical and has annoyed me. Paul is just in denial as I explain in detail. No doubt the health guru would also disapprove strongly with my Birthday pudding today which was just amazing.
On Wednesday I called shares in AIM-listed Parallel Media (PAA) as a sell at 30.75p in the face of what appeared to be a BB pump and dump spoof on Tuesday which puffed the shares from 16p up to a peak of 46.5p in the middle, with a “speeding ticket” RNS released later that day. The shares have since come back to 24p mid (last seen), having put in a floor earlier today of 20.5p. Now we have had a NED walking with immediate effect after Harwood Capital had dumped the last of its holding.
Following news of the latest investigaton into it cooking its own books, shares in Aussie law firm now trade at 29 cents down from c$8 when it blew £649 million buying 92% the assets of Quindell less than two years ago. Blowing up your balance sheet buying the biggest stockmarket fraud in 30 years is not a smart move. And as such I am delighted to see this release from the Aussie poltroons:
I concluded in August on shares in cross-border financial services provider, STM Group (STM) that for those looking for a small speculation, I reckon you could do a lot worse – and reiterated that in October. The company is now “pleased to announce a pre-close trading update”…
After being outed by Tom Winnifrith as a non-adherent to the Star Wars doctrine, I turn my thoughts to matters in our galaxy (not far away)…and the bevy of trading updates from supermarkets this week.
Here is an easy contest and the prize for winning is a bottle of Chapel Down English Champagne which I shall present on stage to the winner at UK Investor Show. It is easy to enter and the rules are simple.
UK and Europe online electrical retailer, AO World (AO.) headlines a trading update for the quarter to 31st December “Continued Growth and Strategic Progress”, though the shares are currently approaching 8% lower, at 170p, in response. Hmmm…
Like many producers, Premier Oil (PMO) has been struggling with debt since the oil price crashed a few years back. Some have managed to refinance the debt on their balance sheets, but for Premier the process has been dragging on for far longer than many expected and hasn’t exactly helped sentiment surrounding the company. Following today’s update though it looks as though that is finally about to be resolved.
Having been tipped at a 148p offer price at the start of 2013, shares in K3 Business Technology (KBT) have more recently exceeded 350p. However, they are currently back to circa 240p following a disappointing“Trading update” announcement.
I start by explaining why Chris Bailey of Financial Orbit is a freak!. it is all to do with Star Wars. Then it is onto TrakM8 (TRAK) following my kerboom article of earlier. I make specific points about Paul Scott's favourite dog but then general points about why company's acquire and why that turns me off.
This is descending into farce: almost seven weeks ago we noted that the company website of ShareProphets AIM-China Filthy Forty play Taihua (TAIH) had disappeared. Following two missives to AIM Regulation, finally a new website was notified by RNS on Wednesday but it lasted less than 24 hours before being blocked – one assumes by the Chinese authorities, since the notification was in Chinese. Not to worry, yesterday the company notified another web address for its website but this morning that too has been blocked.
The December edition of the UK Investor Show magazine is live featuring 7 tips, plus 5 our writers hope that they will find in their stocking. Interviews with Conroy Gold and ECR Minerals, the bonfire of the charities lots on Cloudtag, Advanced Onco and much more.
After languishing unloved for a while in the low sixties, shares in Optibiotix (OPTI) are really steaming ahead and are now 78p to buy. We hope you bought in the low sixties as we repeatedly urged. If not it is not too late. The shares are a buy at up to 80p and I expect to be advising you to sell at WELL OVER 100p by Easter. So what has happened?
If it wasn’t for the fact that ordinary PIs will have lost a lot of money, the announcements and share price movements in Fitbug Holdings (FITB) over the last couple of days would almost be comical!
Today is Donald Trump day and I have a cunning plan for later which may see me watching Midsomer Murders at last. On the markets I have not a lot to say, other than I'm looking to bank gains and am more and more bearish, so instead I look forward to march 29 and April 1 and there is something I want you ALL to do,
That Cloudtag is a fraud is beyond doubt. Lying to investors and then raising cash ( and also allowing funders to dump shares) on the back of those lies is fraud. I know that, the regulators know that, you know that and so do Tony Rawlinson, Liam Murray and the other banksters at Cairn Financial, nomad to Cloudtag. So why has Cairn not quit?
For shareholders in Strat Aero (AERO) who thought it could not get any worse as the company hurtles towards bankruptcy in less than four week's time, we have bad news: it is about to get even worse.
Last year Strat was sued by American Hulsey Smith who demonstrated clearly that the company had lied to investors. Strat said it would fight all the way but then issued 38 million shares and handed over a wodge of cash to settle with Hulsey. Yesterday it emerged that Smith was dumping as fast as he can - so expect his last 18 million shares to be lobbed out within days. But it gets worse.
It is now fifteen years since Nigel Wray & Tom Winnifrith started doing one day investor shows together. The first was in a snow covered Westminster now they celebrate a decade and a half of working together with what will be the most spectacular event yet. It will be the biggest with 121 companies exhibiting on the day. There is the strongest ever speaker line up and a raft of free prize draws as well as a gift worth £18 for everyone attending. So with 50% of the 2,500 tickets already reserved hurry up and grab yours today!
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Hello Share Snafflers. Well, it seems the old Footsie has called a halt to its record-breaking run into ground-breaking highs. Does this surprise anyone? Of course not. What keeps on going up has to come down. So it’s possibly time to pause in our headlong rush to find shares which put on capital value. Let’s instead turn once again to an ever-important part of the armchair tycoon’s income - the dividend.
In this podcast I look at when a stock comes into play on institutional radar, ref Optibiotix (OPTI) and also the lazy bastards at FinnCap who should be hung out to dry. I look at Sound Energy and praise its ramptastic management but the shares are still a sell. Then I look at the latest bollocks from ShareSoc calling for more regulation after the New World (NEW) forward selling scandal. What is not needed is new laws just the application of existing ones by the chocolate teapots round at the FCA.
We have all these businessmen coming to Washington, but are they really going to drain the swamp or do we have new creatures living in the swamp? So said Peter Schiff, the great libertarian and gold bug this week. In his latest podcast the great man analysses what Donald Trump means for America, the economy, shares and gold. It is great stuff.
After hours yesterday there was another announcement from Strat Aero (AERO), the AIM listed company that has committed fraud and is now just 25 days from running out of cash and going bust with debts of £300,000. It seems that Hulsey Smith, the US businessman who exposed the fraud at the heart of Strat last spring, has dumped another 11 million shares and now has just 7.5 million left.
Pre Christmas the ramptastic stream of RNS statements, corporate presentations and interviews with homeless clowns told you all you needed to know: worthless Andalas Energy (ADL) was in full ramp mode as it prepared for a rescue bailout. Now, though most oil shares have risen sharply in recent weeks, Andalas stock is still just 0.12p to sell and is falling again today. So how is the £1 million placing it needs faring?
Another day and another operational update from jam tomorrow joke stock Golden Saint Resources (GSR), floated at 10p three years ago and now 0.03-0.04p. Sadly there is no news on the football team it sponsors with money raised on AIM but we do at least have an update on the two of the three concessions out in Bongo Bongo land where it is still doing some exploration.
Provider of IT consultants, FDM Group (FDM) has updated that a strong trading performance and favourable exchange rate movements see it now anticipating “full-year results ahead of its expectations” – and the shares have responded more than 9% higher to a current 624p ‘bid’ price. So not a bad tip from us...
The mere mention of lithium seems to be enough to send the share price soaring on many small AIM companies, until reality hits home and the almost inevitable pullback starts.
Hello Share Troggers. There’s hardly a day goes by when we are not reminded that the National Health Service is in crisis. Hospitals are being overwhelmed by an unfit, ageing population and operations are regularly put off.
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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