ShareProphets

Wednesday 26 April 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


1 October 2014, 17:15 | By Mark Howitt |

Practical Tips you can Take From One Up on Wall Street Part Seven

Alright then, we’re onto part seven of the series aboiut the investment classic One Up On Wall Street. This may well be the last part, at least for now, as I have quite a few companies that I want to write about. Here Lynch talks about “Spreading it around” in terms of what investments you buy.

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1 October 2014, 16:24 | By Malcolm Stacey |

Go Man Go as Growth Gallops Yet Again.

Hello Share Shakers. I was one of the few saying that growth would go on rising faster than expected in the UK. I started about a year ago when it was clear that GDP was on the mend finally – after the nasty credit crunch of 2007-8.

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30 September 2014, 22:48 | By HotStockRockets |

Horse Hill we expect another RNS as soon as tomorrow as first potential oil zone entered

Yesterday morning the six Horse Hill participants, put out an RNS which the market read wrongly and marked the shares down. We sense some people were expecting an announcement that oil had been found. We also sense that they won’t be waiting long.

30 September 2014, 22:35 | By Steve Moore |

SnackTime plc – unaudited results dire, shares suspended, what next?

Shares in UK vending company SnackTime plc (SNAK) have today been suspended from trading as the company has been unable to publish its report & accounts for the year ended 31st March 2014 within 6 months of the year end. This is because, with refinancing negotiations not yet concluded, “the company's auditors have not yet been able to provide a clean audit opinion on the company's financial statements”. The following updates on unaudited results which the company’s Chairman has “pleasure in presenting”, but which shareholders are unlikely to enjoy reading.

30 September 2014, 22:26 | By Tom Winnifrith |

African Minerals – Target Price 0p says Evil Knievil

I have made it clear that I believe that even without an escalation of Ebola, the balance sheet weakness of African Minerals (AMI), the debt laden POS AIM Casino listed miner founded by convicted heroin dealer Frank Timis, will be its undoing. Today the company tried to put the best possible spin on pretty dismal interim results.

30 September 2014, 22:08 | By Staff Writer |

30 September 2014, 21:22 | By Ben Turney |

Range Resources; the shocking tale of its lost millions

Today’s epic disaster of an annual report from Range Resources (RRL) cannot have come as a shock to anyone. Worse is still to come. By any stretch of the imagination Range is vastly overvalued. At 1.07p (last seen), Range is valued at £53.4million. The company has just announced a $102.5million loss, has never been able to cover its costs, has substantially written down the value of its “assets” and has just been forced to borrow another $15million (what happened to the “game-changing” LandOcean deal?!). To top it all off Chief Executive Rory Scott Russell made the hugely embarrassing  admission the company is “unlikely to meet [his] previously stated target of an exit rate of 1,000 barrels of oil a day by the end of 2014”. Apparently Mr Scott Russell is now confident of achieving this goal in H1 of 2015. Given the steaming mountain of manure he has had to shovel his way through since he took charge of Range in February, perhaps Mr Scott Russell has earned a little leeway in hitting his production target. This doesn’t change Range’s overvaluation problem. Nor does it solve the cash flow problems. Nor does it answer a far more relevant question. Just what has happened to all of Range’s money?

30 September 2014, 20:48 | By Mark Howitt |

Practical Tips you can Take From One Up on Wall Street Part Six

Although it’s given a fairly brief place in One Up on Wall Street, Peter Lynch’s attitude to shorting shares is interesting. Now I have to say that I have never shorted a share in my life, but I know plenty of people who have made good money out of it. I’ve read the recent Quindell (QPP) articles with interest for example. At the end of the day, all money made is good for a share investor, but it’s still interesting to hear Lynch’s perspective.

30 September 2014, 20:29 | By Robert Tyerman |

Kalimantan hails maiden resource

Faldi Ismael, chief executive officer of Kalimantan Gold (KLG) says the company can now give prospective ‘partners and shareholders confirmation of the potential’ of its Beruang Kanan (BKM) project in the centre of the Indonesian island of Kalimantan (formerly Borneo) following delivery of a maiden inferred resource for the project. This suggests BKM’s main mineralised zone could hold some 4.7 million tonnes with an average of 0.6 per cent copper, for a potential resource of nearly 622 million lbs of copper.

30 September 2014, 20:11 | By Robert Sutherland Smith |

Next is a buy

Last week I had a deco at Next (NXT) shares, noting that the share price had weakened somewhat. The share price then was 6,905p and arguably the share looked as though it had found some linear trend support. But something stayed my hand. Was it the god of markets placing a forbidding index finger on my shoulder? More probably it was the rating the market had given the shares. On consensus estimates for the current year to January 2015 the share at 6,905p was on a prospective PER of nearly 17 times. Next is a remarkably successful company and deserves its premium but even so……? 

30 September 2014, 19:35 | By Steve Moore |

30 September 2014, 17:02 | By Mark Howitt |

Practical Tips you can Take From One Up on Wall Street Part Five

Peter Lynch’s ‘final checklist’ for selecting shares in One Up on Wall Street makes interesting reading. I’ll aim to pick out tips which haven’t been mentioned explicitly so far.

30 September 2014, 16:56 | By Malcolm Stacey |

Keep an Eye on the Blues and Reds.

Hello Share Funsters. You can’t easily tell on the day if a share will go up or down. Yes, it will probably rise with the tide of a Footsie that is going up or come down the same way. But that only really applies to giant or medium cap shares.

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29 September 2014, 22:19 | By Tom Winnifrith |

Quindell Owning Morons – I warn you about tonight

There have been posts made on several Quenron (QPP) Bulletin Board threads from folks suggesting that they were planning to attend and disrupt tonight’s presentations in Clerkenwell or to have a go at me as I shall be speaking. Just a warning to any morons who are tempted.

29 September 2014, 22:16 | By Doc Holiday |

Speculative Buy Union Jack Oil

After reading Union Jack Oil’s (UJO) interim results released today it really did cement the company in my mind as being well placed to take full advantage of the buzz around onshore UK. It’s little wonder people are looking for the safe haven of Europe as West Africa with Ebola, The old Eastern Bloc '' nuff said '' and the Middle East has the dawn bombing raids to look forward to. 

29 September 2014, 20:40 | By Ben Turney |

Rule 13 of “The 49 Golden Rules of Making Money from Oil, Gas & Mining Stocks” courtesy of Regency Mines (and Quindell!)

It has amazed me how writing for ShareProphets attracts the unwanted attentions of crazies. As soon as you write anything that is perceived as being vaguely negative about a treasured stock, the nutters come crawling out of the woodwork to launch tirades of social media abuse. I won’t name the chief cheerleader for Regency Mines (RGM), but this person took exception to my comment at the end of July that it was “surely only a matter of time” before Regency placed. Tweet followed email followed Tweet about what utter rot (not the word used by my avid fan) I was talking, how I didn’t know anything about the company and there was no way it would place. Well, after today’s announcement, Regency has placed twice in the last seven weeks. What a shock. Perhaps some readers of ShareProphets would do well to spend a little less time frantically bashing keyboards and a little more time reading Tom and mine’s latest book “The 49 Golden Rules of Making Money from Oil, Gas & Mining Stocks”.

29 September 2014, 20:10 | By Steve Moore |

Globo plc - interims cash flow analysis, improvement still necessary?

In an update on the 2013 annual results from Greece-originated mobile and telecom software and services business Globo plc (GBO) I noted that “the majority of the reported profit was tied up in working capital and investment. The issue here is that the table highlights that this is a consistent occurrence”. Has this changed in the today-announced results for the first half of 2014? Err…

29 September 2014, 18:49 | By Tom Winnifrith |

Monday Caption Contest – Naibu, China Chaintek and Camkids Special

Today Camkids (CAMK) has followed its fellow AIM casino Fujian shoe related China POS heroes Naibu (NBU) and China Chaintek (CTEK) in cutting their dividends despite claiming to be hugely cash generative and drowning in cash.  As such we bring you the Monday Caption Contest. Please post your captions in the comments section below:

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29 September 2014, 17:25 | By Tom Winnifrith |

Cupid – Dismal Interims

Interim results from Cupid (CUP) were predictably disastrous and show why it had to see its dodgy Ukrainian dating businesses. In part that was because, despite the KPMG whitewash they were clearly engaged in unethical practises. But Cupid also needed the cash.

20 hours ago | By ShareProphets |

The April edition of the UK Investor Magazine is live - UK Investor Show edition

The April edition of the UK Investor Show Magazine is live featuring Metal Tiger, BMR, Harley Investments, Action Hotels and much more.

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3 days ago | By Pizza Hardman Darren Atwater |

New Bulletin Board Moron of the Week Contest - sponsored by MoneySwap

This week's contest is graciously sponsored by MoneySwap, the Filthy Forty constituent that has this week requested to be dropped from the AIM market.

7 days ago | By Malcolm Stacey |

How the Snap Election Will Affect Your Share Prices

Hello Share Pillagers. We all should have known something big was going to happen by the way shares were marked down heavily after the Easter break. On Easter Monday, when our stock market was closed, the US version was open. During that session, American shares rose by about 1%. That usually means British shares rise in tandem, but not this time.

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7 days ago | By Steve Moore |

Westminster Group – emphasises “pleased” & placing “oversubscribed”. Hmmm…

Westminster Group (WSG) “is pleased to announce a placing” (to raise a gross £1 million at 10p per share) and “the conversion of the balance of the convertible loan notes issued to Darwin Capital Ltd eliminating the facility”. The shares have though responded more than 15% lower…

7 days ago | By Steve Moore |

Distil – update on recent UK Investor Show 'Dragon's Den' selection as the shares rise again

Shares in recent UK Investor Show 'Dragon's Den' selection (at 2.15p, having also been selected last year at sub 1p), Distil (DIS) have bounced a further just over 5% on the back of a “Listing in Major UK Supermarket Chain /Tdg Update” announcement...

7 days ago | By Darren Atwater |

Video: Peter Hambro of Petropavlovsk presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Peter Hambro, Chairman of Petropavlovsk (POG), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

7 days ago | By Darren Atwater |

Video: Joe Salomon of Oilex presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Joe Salomon, Managing Director of Oilex (OEX), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

7 days ago | By Darren Atwater |

Video: Michael McNeilly, CEO of Metal Tiger, presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Michael McNeilly, CEO of Metal Tiger (MTR), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

7 days ago | By Darren Atwater |

Video: Dr Doom, David Scott, presents imminent economic collapse at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Dr Doom, David Scott, presents imminent economic collapse. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

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6 days ago | By Malcolm Stacey |

Higher Hopes for the Man from the Pru

Hello Share Troopers. I’ve long been a fan of British insurance giants. They are a chance to invest in the fast-moving financial world without too much fear of heavy fines and compensation payments for mis-selling and so on. Though, of course, there is an element of that.

7 days ago | By Steve Moore |

ASA Resource – updates on cash “unaccounted for”...

Having yesterday reported that there is strong evidence of funds “amounting to several million US dollars” being transferred to entities in China without full value being received and that “analysis reveals that there is a pressing need for cash”, ASA Resource Group (ASA) states it now “provides further information on the group's cash position”

7 days ago | By Gary Newman |

Orosur looks under-valued as gold shows continued strength

Orosur Mining (OMI) certainly isn’t amongst the more popular resource stocks on AIM and trading volumes are often verging on non-existent, but I believe that many are missing an opportunity here as they go chasing rainbows with companies that are years away from production, assuming they ever actually get to that stage!

7 days ago | By Steve Moore & Tom Winnifrith |

Veltyco - fundraise and proposed acquisitions. Hmmm...but BUY

Veltyco (VLTY) has announced a €2.55 million subscription for new shares to fund two acquisitions which it argues represent “an exciting opportunity… to grow its business by building on existing online betting brands, using its expertise in online marketing combined with award winning sportsbook technology”

7 days ago | By Steve Moore |

Lombard Risk Management – emphasises ahead of expectations, but what about sustainable cash generation?

Lombard Risk Management (LRM) has updated that it anticipates exceeding analyst consensus expectations for its year ended 31st March 2017 and “remains confident” looking ahead. What’s that though expected to be “in the region of £2.4m to £2.8m”“Adjusted EBITDA”. Hmmm…

6 days ago | By Darren Atwater |

Video: Paul Atherley, MD of Berkeley Energia, presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Paul Atherley, Managing Director of Berkeley Energia (BKY), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

6 days ago | By Darren Atwater |

Video: Richard Poulden of Wishbone Gold presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Richard Poulden, CEO of Wishbone Gold (WSBN), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

6 days ago | By Darren Atwater |

Video: Colin Bird of Xtract Resources presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Colin Bird, Executive Chairman of Xtract Resources (XTR), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

20 hours ago | By ShareProphets |

The April edition of the UK Investor Magazine is live - UK Investor Show edition

The April edition of the UK Investor Show Magazine is live featuring Metal Tiger, BMR, Harley Investments, Action Hotels and much more.

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20 hours ago | By ShareProphets |

TODAY: Patience, patience, patience and yet more patience - that is the key to making money from shares

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....

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20 hours ago | By Darren Atwater |

2 days ago | By Tom Winnifrith |

African Potash - the legal case for victims of the fraud almost underway

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.

2 days ago | By Darren Atwater |

Video: Paul Scott finds Nigel Wray's and Paul Mumford's investment strategies at UK Investor Show 2017

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.

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2 days ago | By David Scott |

You are hereby on notice as retail bubbles start to pop

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'. 

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24 hours ago | By Tom Winnifrith |

Hell's Teeth, does Peterhouse do any due diligence at all - meet the carbon spiv hooking up with African Potash?

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.

2 days ago | By Steve Moore |

WANdisco – record contract win & Q1 update offer some further encouragement, but…

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…

24 hours ago | By Tom Winnifrith & Steve Moore |

Stanley Gibbons – sells rare Indian stamps for record £500,000

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”.

20 hours ago | By Nigel Somerville, the Deputy Sheriff of AIM |

Filthy Forty Taihua – shares fall after GM approves delisting, but massive sudden surge today

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?

21 hours ago | By Nigel Somerville, the Deputy Sheriff of AIM |

Advanced Oncotherapy – more spoofery as NED buys yet more shares

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.

20 hours ago | By Tom Winnifrith |

African Potash –PKF Littlejohn LLP hang your head in shame

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?

24 hours ago | By Pizza Hardman Darren Atwater |

Silver Reaching a Major Inflection Point – Investors Beware!

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.

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2 days ago | By Steve Moore |

Goals Soccer Centres – admits preliminary merger discussions, but a golden opportunity?

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”

21 hours ago | By Steve Moore |

Blancco Technology – “Q3 Trading Update, Cash Flow Review and Funding”. Uh oh…

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…

2 days ago | By Darren Atwater |

Winner of the Bulletin Board moron of the Week, sponsored by MoneySwap

Truly, there are no winners from the pool of Bulletin Board morons, only those who succeed in making our eyes roll the furthest.