ShareProphets

Saturday 21 January 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


13 January 2017, 15:46 | By Tom Winnifrith |

Tom Winnifrith Bearcast & Video: The Great Bear Marc Cohodes interviewed on the Concordia fraud - this sounds so Cloudtag familiar

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.

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13 January 2017, 15:39 | By Tom Winnifrith & Steve Moore |

Concepta gets EU ISO13485 accreditation for MyLotus shares at 18p set to hit 28p+ by easter

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.

13 January 2017, 10:33 | By Tom Winnifrith |

Tom Winnifrith Bearcast: the Delivery Man says he's a keen reader - he's also a fan of Big Dave Lenigas

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!

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13 January 2017, 10:32 | By Tom Winnifrith |

Jim Mellon's related party deal of the day - Condor Gold share Purchases

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.

13 January 2017, 10:31 | By Steve Moore |

SIG – trading update review as shares rise

Shares in building products distributor SIG plc (SHI) are currently recovering approaching 11%, above 100p, on the back of a “Trading Update” announcement…

13 January 2017, 09:49 | By Nigel Somerville, the Deputy Sheriff of AIM |

Filthy Forty Taihua – rum’n’coke RNS re AIM Rule 26: Bargepole

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.

13 January 2017, 09:44 | By Tom Winnifrith |

Port Erin - NAV statement - just utter tommyrot from Jim Mellon & Co

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.

13 January 2017, 08:15 | By Steve Moore |

Robinson plc – ‘slight’ profit warning, so why are the shares up?

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?...

13 January 2017, 08:00 | By Malcolm Stacey |

The Rising Cost of Foreign Travel Could Be a Drag on Thomas Cook's Shares

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.

12 January 2017, 15:41 | By Tom Winnifrith |

Tom Winnifrith bonus bearcast - Paul Scott you are 100% in denial

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.

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12 January 2017, 15:26 | By Nigel Somerville, the Deputy Sheriff of AIM |

Parallel Media – Harwood says thanks very much for the spoof

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.

12 January 2017, 14:51 | By Tom Winnifrith |

If Slater & Gordon did comedy they'd issue a press release like this...oh they did

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: 

12 January 2017, 14:50 | By Steve Moore |

STM Group – full-year trading update, how’s recovery from H1 profit warning?

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”

12 January 2017, 12:06 | By Chris Bailey of Financial Orbit |

Are the supermarkets hot to shop after their Xmas trading updates?

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.

12 January 2017, 11:51 | By Tom Winnifrith |

"Champagne" Reader Contest - Guess the share price of Cloudtag on April 1 with a Kate & Hayley picture tie-breaker

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.

12 January 2017, 11:40 | By Steve Moore |

AO World – argues “Continued Growth and Strategic Progress”, BUT…

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…

12 January 2017, 10:41 | By Gary Newman |

Premier Oil looks to offer more risk than reward at the current share price

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.

12 January 2017, 09:13 | By Tom Winnifrith & Steve Moore |

K3 Business Technology - a most disappointing profits warning but hang on

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.

12 January 2017, 09:08 | By Tom Winnifrith |

Tom Winnifrith Birthday Bearcast - where's my ffing ouzo Paul Scott & Chris Bailey's a freak

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.

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12 January 2017, 09:06 | By Nigel Somerville, the Deputy Sheriff of AIM |

FARCE!! Filthy Forty Taihua – second new website blocked, another missive to AIM Regulation

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.

4 hours ago | By ShareProphets |

December edition of the UK Investor Magazine - featuring 7 tips, what our writers want for Christmas, Interviews with Conroy Gold and ECR minerals and much more

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.

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6 days ago | By Tom Winnifrith |

Bulletin Board Moron of the Week - its ouzo time as Potash booted off AIM

Send Tom Winnifrith a fascist lawyers letter as the fraud African Potash (AFPO) did on September 1 and your fate is sealed. Today African Potash was formally booted off AIM. Now it will fail to raise cash on NEX (formerly ISDX) and will go bust soon. Lyin' Chris Cleverley meet Karma. Ain't she sweet? Amazingly there are still some people out there on the Bulletin boards who think its all my fault and Lyin' Chris runs a great British Company. Whatever. In that vein please nominate the most moronic Bulletin Board or twitter comment you can find in the comments section by midnight on Sunday 15th January. Have fun!

6 days ago | By Tom Winnifrith |

Metals prices 2016 in review and what Sprott expects in 2017

The world's best known investor in precious metals, Sprott Asset Management has just published its review of 2016 and its predictions for 2017. It writes:

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4 days ago | By ShareProphets |

New sessions at UK Investor with Tom Winnifrith on Cloudtag and David Lenigas on Africa and UK Oil - new ticket offer

We are delighted to announce that UK Investor will be running two new sessions covering two companies of massive investor interest. The show takes place on April 1 (no joke) in London and already boasts a top panel of keynote speakers including Britain's Buffett Nigel Wray, top fund manager Mark Slater, the Queen of Tech Vin Murria, the UK's top share blogger Paul Scott and the UK's oldest fund manager as well as top bears Lucian Miers, Matt Earl and from New York Gabriel Grego and the Sheriff of AIM, Tom Winnifrith.

6 days ago | By Cynical Bear |

Simian Global – If at first you don’t succeed…..try the Standard List!

A dispiriting new entry to the Sub-Standard Shockers XI this week – well someone has to fill the impending gap created by the liquidation of Worthington (WRN) - so please everyone give a warm welcome to Simian Global (SMG), a reincarnation of a previously failed effort. Please allow me to explain.

6 days ago | By Pizza Hardman & Mad Euro-loon Lefty Darren Atwater |

Notes from Underground: It's the end of the world as we know it

In a mere five days, Donald Trump becomes president of the United States. In 90 days or so, Theresa May promises to pull the plug on the world's largest trade bloc.

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6 days ago | By Nigel Somerville |

Is Daniel Stewart about to set sail into the sunset?

A couple of interesting filings on Companies House leave me wondering whether former AIM-cesspit posterboy Daniel Stewart Securities plc (DAN) is being prepared for a quiet execution. It was clear from the (stunningly) late-filed 2015 Accounts that is was in serious trouble, and last year a debenture over the parent seemed to have morphed into a debenture over its subsidiary, Daniel Stewart & Co plc. Now the previously wholly-owned subsidiary, which contains the trading business, seems to have been raising money on its own account.

6 days ago | By Tom Winnifrith |

Tom Winnifrith Bearcast - a New Prospectus brings shame on all concerned - shockingly misleading

Cynical Bear has written a fascinating article today on Simian Global (SMG) - HERE. Cynical Bear you are a wuss. You are far too generous about this crock of Turkish. If one goes to the prospectus and then cross references with companies house you will find a story of true horrors, something that the prospectus fails to mention, indeed it deliberately gives you a completely different impression. This prospectus stains all involved with it ( directors Edward Ng and Ajay Rajpal, Peterhouse Corporate Finance, Edwin Coe and the UKLA) with complete shame. How on earth do these folks sleep at night? My target price for the shares is 0p.

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6 days ago | By Tom Winnifrith |

Tom Winnifrith Bonus Bearcast - revisiting the 7 stages of grief with the Cloudtag & African Potash frauds

I revisit the seven stages of grief in relation to buying shares in frauds and other disasters. I look at which stage shareholders in the frauds African Potash (AFPO) and Cloudtag (CTAG) have got to and what the psychology of grief tells us about where share prices are heading. 

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6 days ago | By Gary Newman |

Serica remains a buy despite recent strong gains

Usually when shares in a small AIM company has risen by nearly 300% from the level where I recommended it as a buy, I would be advising to take your profits before the almost inevitable retrace that so many suffer from.

6 days ago | By Tom Winnifrith |

Guscio - the Fraud on the shareholder list

It is perhaps wrong to kick a man when he is down but I cannot resist. Guscio (GUSC) clearly has "issues" after its recent shocking trading statement but I cannot help note the revelation that its shareholder list includes Mr Fraud.

6 days ago | By Malcolm Stacey |

Robin Hood, the Eleven Plus and the Chance of a Better Picture for ITV

Hello Share Swipers. Though it horrifies me to think of it, I first watched independent television when I was cramming for my eleven plus. It was at my uncle’s house, as we couldn’t afford a new telly to take the second channel and it must have been sixty years ago. Robin Hood was on.

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

Kenmare – disingenuous trading update

Dual-listed in Ireland and on the LSE Kenmare Resources (KMR) has released what reads like a very positive trading update. Two questions spring to mind here: is it generating cash, and what about the debt position? But the company seems to have chosen to ignore completely its refinancing last year in reporting its finances.

6 days ago | By Tom Winnifrith |

Fox & Eboracum Marble - lets sort this out

I have been alerted by various folk to the fact that a Fox Marble (FOX) customer Eboracum Marble has a First Gazette notice out against it which, according to the knockers, means it is going bust/is a fraud and that Fox will issue a profits warning. This has seen the shares drift to 7.75p. Sometimes before you hit the sell button it pays to make a few phone calls. Which is why you should buy the shares today.

6 days ago | By Tom Winnifrith |

Andrew Monk's third share tip of the year - the best lottery ticket you will ever buy

Top stockbroker Andrew Monk of VSA has today served up his third share tip of the year (following from his win with Sula HERE) and it is a real "hell or glory play". it is right now TSX.V listed but there is an AIM listed way to play it. Over to the Monkey...

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5 days ago | By Steve Moore |

WANdisco – one quarter does not an investment make, but offers some encouragement for shareholders…

Shares in ‘big data’ software company WANdisco (WAND) are currently continuing a recovery – this on the back of a concluding trading update for 2016...

5 days ago | By David Scott |

If 2017 is going to be like 1932 or 1979, then you not only have to change your portfolio you have to...

Reforming the very nature of capitalism will be needed to combat the growing appeal of populist political movements around the world, the World Economic Forum said on Wednesday. Getting higher economic growth, it added, is necessary but insufficient to heal the fractures in society that were evident in the election of Donald Trump as U.S. president and Britain's vote to leave the European Union.

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4 hours ago | By ShareProphets |

December edition of the UK Investor Magazine - featuring 7 tips, what our writers want for Christmas, Interviews with Conroy Gold and ECR minerals and much more

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.

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1 day ago | By Tom Winnifrith |

Optibiotix, starting to rock and roll despite Zak Mir's endorsement - buy

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?

2 days ago | By Gary Newman |

Fitbug's latest update must be a joke surely?

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!

1 day ago | By Tom Winnifrith |

Tom Winnifrith Bearcast: This is what i want you ALL to do

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,

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9 hours ago | By Tom Winnifrith, The Sheriff of AIM |

Is this the reason Cairn Financial is not quitting as Nomad to the fraud Cloudtag?

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?

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

Exclusive: Hulsey Smith to sue Strat Aero AGAIN - The final nail in the coffin

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.

4 hours ago | By Lucy Wray |

Nigel Wray & Tom Winnifrith: Join us on April 1 at UK Investor - our fifteen year party

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!

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10 hours ago | By Steve Moore |

Table of shorted AIM shares - week to 20/01/2017

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...

2 days ago | By Malcolm Stacey |

The Great Divi Hunt Continues with Phoenix Group

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.

4 hours ago | By Tom Winnifrith |

Tom Winnifrith Bearcast: I take my hat off to uber stock promoters Sound Energy

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.

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10 hours ago | By Tom Winnifrith |

Will Trump Change the Game Or The Players?

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.

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10 hours ago | By Tom Winnifrith, The Sheriff of AIM |

Strat Aero - so when will Hulsey Smith launch his legal bombshell that forces a share suspension? More shares dumped

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.

1 day ago | By Tom Winnifrith |

Andalas - the clock is ticking ahead of potential insolvency in April - how is the placing going?

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? 

1 day ago | By Tom Winnifrith, The Sheriff of AIM |

Golden Saint Resources Here's the Pump - what comes next? Pick up a P.P.P.P.P Placing

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.

1 day ago | By Tom Winnifrith & Steve Moore |

FDM great trading update but we say take profits

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...

4 hours ago | By Gary Newman |

Kodal Minerals is overdue a big drop in share price

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.

10 hours ago | By Malcolm Stacey |

National Health Crisis May Treat the Share Price for Spire Healthcare

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.