ShareProphets

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


26 September 2014, 23:51 | By Robert Tyerman |

Anglo Asian in the red

Khosrow Zamani, chairman of unloved gold producer Anglo Asian Mining (AAZ) declares his board’s belief that ‘the second half year will be more robust than the first’. The AIM-quoted company’s long-suffering shareholders can only echo this hope after interim figures showing a previous pre-tax profit of $4.2 million turned into a $7.5 million (£4.65 million) loss on turnover 18 per cent ahead at $32.7 million.

26 September 2014, 22:24 | By ShareProphets |

Weekly Financial Video Postcard #52, PE, PEG, PE of 3 = sell edition

This is Tom Winnifrith’s last video postcard from Greece for seven weeks. He is back in London at the weekend preparing for a presentation on how companies on AIM overstate profits with real examples. That is on Monday but is booked out but if you want to be able to advance book for Tom’s next presentation (it’s free & comes with pizza and wine) register HERE

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26 September 2014, 21:34 | By Steve Moore |

Idox – value in the shares as positive operational momentum continues?

Idox plc (IDOX) has this week announced a further contract win for its Engineering Information Management division as well as new £40 million, four year, banking facilities with the Royal Bank of Scotland and Silicon Valley Bank. The following updates with the shares currently at 41.875p – up from a start of the year 32.5p but down from more than 45p last month.

26 September 2014, 21:20 | By Mark Howitt |

Sainsbury’s is not Tesco!

So the share prices of both Tesco (TSCO) and Sainsbury’s (SBRY) have been massacred lately. There are genuine reasons for Tesco being destroyed, such as its reason to slash the dividend by 75% and its ‘overstating’ of profits by £250 million. You could call that latter point fraud.

26 September 2014, 21:11 | By ShareProphets |

Alibaba Gets the Thumbs down from ShareProphets Readers but why?

Last week we asked you for your thoughts on Alibaba, the world’s biggest ever IPO. It seems that 7% of you already hold the stock and 24% would buy at a lower price but that seven tenths of ShareProphets readers are bearish r not interested. And the results show why. We asked would you buy shares in Alibaba. And you said:

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26 September 2014, 20:21 | By Ben Turney |

Solo Oil; pipe dream or genuine prospect?

Just over two months ago, Gary Newman (a little ambivalently) picked Solo Oil (SOLO) as his runner in the Horse Hill race. His reasoning had less to do with Horse Hill and more to do with the appraisal of the Ntorya gas condensate discovery in Tanzania, in which Solo retains 25%. As it turned out, this was another good call by Gary, albeit a reluctant one! At the start of the month, Solo announced a sizeable upgrade to the reserves at Ntorya-1 and the company’s share price hasn’t looked back. From an end of day close of 0.38p on September 3rd, this stock hit an intraday peak of 1.2p and now trades at 0.98p, last seen. This values Solo at £46.56million. Now that the company has secured a c.$8.6million funding package, the question is can Solo build on its recent fantastic gains?

26 September 2014, 20:19 | By Malcolm Stacey |

Oil May Not Be Well In Shareland.

Hello Share Mates. I’m beginning to regret holding so many shares in the big oil companies – like BP (BP.) Royal Dutch Shell (RDSA) BG (BG.) Tullow Oil (TLW) et al

26 September 2014, 20:05 | By Robert Tyerman |

Golden glow for Great Western

AIM dog Great Western Mining (GWMO) could be adding serious gold potential to its existing copper ambitions in the Marietta district of the south-west Nevada desert’s Excelsior Mountains following results of its latest field work in the area. The Dublin-based company, formerly chaired by veteran Irish entrepreneur Emmett O’Connell and still backed by some of his private investors’ fan club, says geological mapping and other work on four claim groups in the ‘Golconda Thrust’ claim zone suggests one of them, the JS group, could have the possibility of being a gold deposit of the type found in Nevada’s prolific Carlin trend, while another, the Tun group, could have the potential to prove an underground resource as well as a ‘much larger open-pit prospect’.

26 September 2014, 19:53 | By Gary Newman |

Buy BHP Billiton

The large mining stocks have in general been hammered over the past month or so, but I see that as a great opportunity to buy in cheap. One of my current favourites has to be BHP Billiton (BLT), which has seen more than 15% wiped off of its share price during that period.

26 September 2014, 18:59 | By Steve Moore |

MySale Group – full-year results, smoother progress since turbulent IPO?

MySale Group (MYSL), which has established, online flash retail sales sites in Australia, New Zealand and South-East Asia and an expanding international presence has announced a first set of results (for its year ended 30th June 2014) since its far from smooth IPO in the same month. Do these suggest smoother progress now?

26 September 2014, 17:01 | By Tom Winnifrith |

Has Quindell Taken You to the Cleaners? Spot the Difference Competition

Fascinated as I am as to where Quenron (QPP) got its logo, I am indebted to an American reader who has come up with another suggestion as to where Mr 2+2 can = 5 got his inspiration from. In our latest spot the difference competition, please simply post your entries in the comments section below. Deadline midnight tonight (Friday)

26 September 2014, 17:01 | By Steve Moore |

DP Poland - interims narrative positive, but the numbers?

Owner of the exclusive right to Domino's Pizza stores in Poland with currently 18 corporate stores in Warsaw and Krakow and 1 sub-franchised store in Warsaw, DP Poland plc (DPP) has announced results for the first half of the 2014 calendar year. A sub-heading of “Seven consecutive quarters of double digit like-for-like sales growth and proving the model with a core of consistently profitable stores. Extending sub-franchising and accelerating store roll out into new cities in 2015” creates a positive impression but what do the numbers show?

26 September 2014, 17:01 | By Mark Howitt |

United Utilities a Decent Buy at these Levels

You may remember me writing this article on United Utilities about a month ago. With United Utilities (UU.) shares now at 811p, on a yield of 4.45% and a PE of 7.59, the time may well have come to buy the stock. United Utilities recent trading update was broadly positive. Customer service improved and financial performance is expected to be the same as last year. The company remains confident of delivering its 2010-15 regulatory outperformance targets. 

26 September 2014, 17:01 | By Steve Moore |

Netcall plc – annual results enough for me to change cautious stance on the shares?

Customer engagement software company Netcall (NET) has announced a sixth consecutive year of earnings growth in the 12 months to 30th June 2014. However, having considered that there looked to be little on offer in the shares from a value perspective earlier this year (see HERE), is there enough in the results to suggest otherwise?

26 September 2014, 16:59 | By Ross Norman of Sharps Pixley |

Gold Looks Cheaper While Stocks Crack under Fed Rates Expectations and Valuations

The U.S. Comex gold futures rebounded 0.21% to $1,221.20 on Thursday after falling roughly the same on Wednesday. The gold futures have risen 0.47% this week and 1.57% for the year while the S&P 500 Index and the Euro Stoxx 50 Index have surged 7.96% and 6.22% respectively this year.

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26 September 2014, 16:08 | By Tom Winnifrith |

Horse Hill update c/o twitter – I was fooled

It seems an unusual way to keep investors informed but one of the Horse Hill runners and riders, Doriemus (DOR) has provided a drilling update by twitter. Oh no it hasn't. DoriemusPLC is not an official account - I was fooled. I apologise. The tweet reads:

26 September 2014, 01:06 | By Robert Tyerman |

Mariana persists with expansion

Glen Parsons, chief executive officer of AIM-quoted Mariana Resources (MARL), suggests the South America-focused gold, copper and silver explorer is entering a potentially transformative phase following a series of deals and discoveries.

26 September 2014, 00:49 | By Malcolm Stacey |

Like King Canute, Minor Setbacks Can’t Stop the Rising Tide.

Hello Share Wavers. There is a lot of dithering in the share market at the moment. We still can’t break through the glittering 7,000 barrier. We keep getting knocked back by various events which should not really affect share buying at all.

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25 September 2014, 21:46 | By Tom Winnifrith & Steve Moore |

Symphony Environmental – clear value

Symphony Environmental Technologies (SYM) has announced EBIT of £0.41 million, up from £0.21 million, for its core business in the first half of its current year to end 2014 and that it is “excited by the opportunities and markets that have been opened so far, and anticipate second half performance to at least match that of the first half with many opportunities expected to come to fruition during 2015”.

25 September 2014, 21:23 | By Ben Turney |

Buy gold at an end of day close above $1,214.35/oz.

Nearly two weeks ago I suggested a buying opportunity could be brewing in the gold market. I now believe we’ve reached that point. Using my preferred technical indicator, the MIDAS Method, the price of gold has breached a critical level of support. On Tuesday the price rallied strongly off this, only to retreat again. Today, the market looks like it is once more finding its footing and a rally from here could gain some serious momentum.

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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.