Each week we aim to bring you the most illuminating post by a reader on this site which we think merits a wider audience. And the winner this week is Dominic Cooper who brings some added insight into the world of Quenron , following today’s Red Flag Orgy. Mr Cooper writes:
On Monday we asked you for suitable captions for the picture below. You can see the full range of entries HERE but the winner is:
Kalimantan Gold (KLG) has been a perennial jam tomorrow POS stock on the AIM Casino. Directors fees all round. Advisors fees all round. Placing after placing after frigging placing as it hypes up one target, raises cash, moves the goalposts and them raises cash again. All the time it is private investors who get screwed. Let me tell you about the placing it failed to do earlier this week.
Quindell (QPP) has even more subsidiaries than I thought. And now the subsidiaries are starting to have subsidiaries. And more have been started this year. Think of rabbits breeding. You start with just one pregnant female and pretty soon you are swamped. Okay the interbreeding causes a few problems down the line but that is Quenron in a nutshell.
Domino's Pizza Group (DOM) has announced a fourth successive quarter of double-digit like-for-like sales growth in the UK, a best quarter of the year so far in Ireland and progress towards profitability in Switzerland, though “progress in Germany is slower than we would have liked, but we are committed to the execution of our strategy”. What does this all suggest for the shares at a current 570p?
Iron prices may be testing five-year lows and mining companies the world over may be agonising over how to continue with major iron ore projects. But Bill Hooley, chief executive of out-of-favour fully listed Anglesey Mining (AYM), argues the company has got the timing its opportunist foray into Swedish iron ore just right, as the fully-listed company digests the latest formal resource estimate for the country’s historic Grangesberg mine.
Noting a “transformation into Forestry, Agriculture and Food Processing group”, Obtala Resources (LSE:OBT) has announced results for the first half of the 2014 calendar year and that “we expect our asset base and sales to continue to grow during the second half of the year”.
If you want more background, or an explanation for there being two lines of stock and why you should be careful which you buy, please look at the previous comment on Share Prophets – HERE – but it is time for an update, following the recent interim results and a meeting with management.
You could not make this up. Disgraced liar and crook Jim Ellerton may well be reinstated as the next Chairman of Sefton Resources (SER) in January. This take from the AIM Cesspit gets worse and worse.
Point of sale, payment and on-line loyalty systems developer Universe Group (UNG) has announced results for a first six months of 2014 “characterised by delays in getting customer go-ahead for planned projects” but added that “the product roll-outs expected in the first half of the year are now being delivered and that we have several significant software and services projects completing before the year end”. With the shares remaining stable at around 5.75p, the following updates.
Hello Share Shunters. Dedicated ShareProphets poster Wild Rides is a very wise and - judging by his frequent posts on this merry website - a very experienced share shifter. He and I are occasional investors in a penny share outfit which goes up and down like a yo-yo some of the time.
Contrary to suggestions made here and elsewhere by some of my greatest admirers, the first ShareProphets seminar was packed out with just over 50 folks gathering in Clerkenwell on Monday and – I think – having a good time. The next seminar is on Monday October 13 and you can ensure you get priority booking by registering HERE.
I am afraid that my lead hit a dead end so there is no nuclear hand grenade for Quindell (QPP). Yet. However ….
Stanley Gibbons (SGI) has announced a recommended £8.6 million (60p per share) cash offer for Mallett plc (MAE) - one of the oldest established antique dealers in the world, specialising in furniture and works of art and with interests also in restoration. Gibbons sees the move as “furthering its ambition to become a global auction house for collectibles” and considers it “a logical and affordable next step for us to acquire a valuable brand and relevant assets. The Mallett business will expand Stanley Gibbons's expertise into an adjacent collectibles area, drive significant cross-selling opportunities across the combined businesses and build a stronger auction platform in the collectibles marketplace”.
The world’s No 1 mining analyst Roger Bade of Whitman Howard has produced his quarterly review and while there are a few new buy ideas, such as Amara (AMA), on the whole his tone is as bearish as ever. Anyone who says how some mining juniors should be “viewed with contempt” is a top man. Although Mr Bade’s less than complimentary words about the quite excellent Women in Mining organisation run by mining guru Amanda Van Dyke (pictured left since she is a tad more photogenic than Mr Bade) have “been noted”. Naughty. The review makes for sobering reading for anyone still investing in this sector. Mr Bade writes:
The Intelligent Investor by Benjamin Graham is possibly the most famous investment book of all time. Warren Buffet says “I read the first edition of this book early in 1950, when I was nineteen. I thought then it was by far the best book about investing ever written. I still think it is.”
The U.S. Comex gold futures fell 5.91% during September and 8.43% in Q3. The monthly loss was the worst since June 2013. Year-to-date, the gold futures have risen just about 0.70%. On the contrary, the Dollar Index jumped 3.85% in September and 7.72% in Q3, the largest quarterly rise since Q3 in 2008. The S&P 500 Index has dropped almost two percent since reaching an intra-day peak of 2,019 on 19 September.
Trinidad and Tobago focused oil companies are popular with private investors, but it looks like many are missing the value in one of those. Trinity Exploration and Production (TRIN) looks very undervalued when compared to its peers, with a market cap currently around £55 million.
Having consistently warned on the dangers of the valuation of blinkx plc (BLNX) since the shares were 93p in April 2013 – previously updating last month that at 43p precious little forward visibility meant being long continued to look more speculation than investment – the following updates on a further profit warning today which has sent the shares down to around 30p.
Daniel Stewart (DAN) earns its living as a Nomad and broker to AIM listed stocks. That is to say it charges fat fees for advising them on how to play by the AIM rules, for listing them and for raising money for them. It has no standards so was responsible for bringing Quindell (QPP) to the Casino and also acts as Nomad to China fraud Naibu (NBU) and tried to float China fraud Fraspens in August but seems to have failed. Today Daniel Stewart’s shares have been suspended.
The April edition of the UK Investor Show Magazine is live featuring Metal Tiger, BMR, Harley Investments, Action Hotels and much more.
Making money from shares is simple. Well it should be. Buy cheap. Hold. Hold. Hold. Hold, and finally sell when the shares have delivered you big gains. Where so many folks go wrong is getting impatient and not being prepared to hold, hold, hold. Let us tell you about Symphony Environmental (SYM) which we tipped at a 6.75p offer just over three years ago. It did nothing for ages....
This week's contest is graciously sponsored by African Potash, AIM, NEX, Chris Cleverly vehicle that is bound to hit the stratosphere.*
Before I call it a day I want to see the victims of the African Potash (AFPO) fraud get some of their money back, even if some of those victims were fairly beastly to me as I exposed the fraud. Friday's bombshell from Potash shows the game is up but the big frauds happened before this worthless enterprise was booted off AIM. To that end I have been working to help put together a legal action. That action is now almost underway and Peter Petyt, the man running things, wrote to more than 50 victims who have come forward at the weekend. If you lost money and want to try to get it back it is not too late to contact Peter. His letter & contact details follow.
In this video from the storming success that was the 2017 UK Investor Show, Paul Scott finds Nigel Wray's and Paul Mumford's investment strategies. And make sure that you keep April 21 2018 free for next year's UK Investor Show.
Artificial political constructs never last. The EU is great for the “elites” in Brussels; not so much for the average citizen and the tragedy of monetary union is that Europe's political class has gone to extreme lengths to hold the euro together regardless of underlying economic logic. But this has only perpetuated and exacerbated the coming political crisis. "Monetary union has created a conflict between a centralised elite on the one hand, and the forces of democracy at the national level on the other. This is extraordinarily dangerous,” Mervyn King wrote in his recent book 'The End of Alchemy'.
As I flagged up over the weekend, in a desperate attempt to keep the fraud from becoming insolvent, African Potash (AFPO) has proposed a RTO of a company called Onshore Energy Limited, OEL. Lyin' Chris Cleverley Potash's boss is also a director and shareholder on OEL. But it gets worse. Much worse.
I previously wrote on WANdisco (WAND) in January – ‘one quarter does not an investment make, but offers some encouragement for shareholders’. The following updates with the shares currently on the rise on the back of a “Significant customer win and Q1 update” announcement…
Yesterday we wandered through the first page of search results on the OpenCorporates.com website to look at the record of AIM-listed Advanced Oncotherapy (AVO) Executive Chairman Dr Michael Jeffrey Sinclair. There are rather a lot – here comes page 2.
Stanley Gibbons (SGI) has announced it “has sold one of the rarest pieces of Indian Philately to a private collector-investor in Australia for £500,000, the highest price ever paid for a single Indian philatelic item”.
ShareProphets AIM-China Filthy Forty play Taihua (TAIH) announced last Friday that the EGM called to approve the company’s proposed delisting from the AIM Casino had passed the proposals with the requisite majority. The shares are expected to depart the world’s most successful (but perhaps not for Taihua) growth market first thing on 8 May. In the wake of the announcement – at 4.15pm last Friday, bordering on no-one-is-watching o’clock - the shares again nose-dived, registering a new low of 0.1p on the bid yesterday, but all of a sudden the stock is on the rampage this morning. What is going on?
AIM-listed Advanced Oncotherapy (AVO) – teetering on the brink of having to call an EGM to reduce its nominal share capital under the terms of its death-spiral funding package with Bracknor – has announced yet another director share purchase, the fourth just this month (if we ignore the botched 7am RNS of 4 April). As ever, this is just a spoof in order to encourage more buying in the market so as to allow Bracknor to offload more of its death-spiral conversion shares as Advanced hopes and prays for the next £1.235 million tranche of funding before the coffers run dry.
On 12 April 2017, the fraud that is African Potash (AFPO) announced a change of auditors from RSM UK Audit LLP to PKF Littlejohn LLP. One can understand why RSM UK Audit LLP might be keen to cease its relationship with a company with the frankly appalling track record of African Potash but how desperate does PKF Littlejohn LLP look in taking on African Potash as an audit client?
The COT report reveals the large paper short and long positions in silver. Currently it appears to be indicating a small downtrend in the silver market. In this week's Palisade podcast David Morgan discusses how silver markets move and how they can be pushed to the downside once investors run low on cash, as banks will short the market at opportune moments.
Goals Soccer Centres (GOAL) has admitted “preliminary discussions” with key rival Powerleague on “combining the two businesses”, though emphasises that is “but one of the strategic opportunities currently being assessed by the Goals board”…
An announcement from Blancco Technology Group (BLTG) entitled “Q3 Trading Update, Cash Flow Review and Funding”. Hmmm, I’d guess it ain’t gonna be positive…
Truly, there are no winners from the pool of Bulletin Board morons, only those who succeed in making our eyes roll the furthest.
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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