Hello stock churners. The optimum time to sell a share, any share, is... any time at all. Now, there are many share pluckers who cannot sell a share until the last minute of the trading day. They begin by thinking they'll sell their shares early on. But then the price moves against them and they dither, hoping for an improvement.
The share price of Intercontinental Airlines (IAG) looks to be about as high as it has been since last April and perhaps heading further back up towards the February peak of 457p? If that were to prove to be the case then there is another 7% upside to come. But is it?
Royal Mail (RMG) has announced its results for the six months until the 28 September. Profits were down slightly from £233 million last year to £218 million this year. The issue of ‘Universal Service’ (the universe comprising of the United Kingdom in this case) is a key one to the company.
I have finally made it to the Greek Hovel but have faced a few logistics issues. But i am now online and cracking on and so BearCast is back and normal service resumes tomorrow. In today's podcast I cover Globo, Outsourcery, Quindell, African Minerals, what is an RNS Reach and a liquidity event.
Philip Manduca, since August chairman of ambitious gem play Paragon Diamonds (PRG), says he ‘could not be more excited’ as the AIM-quoted company prepares to start production early next year from its Lemphane kimberlite project in the southern African kingdom of Lesotho. He is in discussions with potential providers of debt finance for the $6 million (£3.8 million) capital expenditure required for Stage 1 of the Lemphane project, which Paragon hopes will yield 20,000 carats over two years from one million tonnes of kimberlite material and generate annual revenues of $90 million with an estimated average value of no less than $930 a carat.
Globo plc (GBO) has updated that it “continues to innovate and grow on all fronts” and that “we are confident that the successes of the first nine months of the year will continue through the remainder of 2014 and beyond”. With the shares, at 45.25p, down from more than 87p reached in October 2013 but currently up by 6.5% today to capitalise the company at £169 million, is it still wise to be short here?
As I was sitting on the bus down from Athens to Kalamata a few lines came to me and so back by poular demand here is the third Quenron (QPP) downfall video. The share price was 138p with Downfall One HERE, 69p with Downfall 2 HERE and now it is time for the third in the series. Enjoy.
Lekoil (LEK) made one of the largest new oil discoveries of 2013 but since then its share price has dropped back to pre-discovery levels. The oil explorer is mainly focused on Nigeria and its Ogo-1 discovery on the OPL310 block, in which it holds a 30% interest alongside Afren (whose license Lekoil farmed into) and Optimum Petroleum.
On Monday 10th November I attended the Albion Venture Capital Trust seminar in Harrogate. I also attended last year but I do not know that much about Venture Capital trusts. I’m set to inherit shares in one eventually though so I have to learn about them at some point. I also thought that it could give some insight into the competition some of my other shares will face. For example, Albion is quite into renewable energy, and both Centrica (CNA) and SSE (SSE) produce this.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details changes to net short positions in the last week (red if short increased, green if reduced)...
According to the Daily Telegraph, the London Stock Exchange has begun an investigation into Monday’s share price fall of Quindell (QPP). Specifically, the Telegraph believes that the LSE, and by extension AIM regulation, is going to examine whether or not the company withheld price sensitive information, when broker Cannacord Genuity submitted its notice of resignation on October 21st. Given the market reaction to this news on Monday, when Quindell finally bothered let its shareholders know this slightly important little titbit of information, it is probably fairly safe to assume that Cannacord’s notice of resignation was price sensitive.
Hello Share Mashers. Each time I do a piece about Lloyds Group (LLOY) it shoots to near the top of the Shareprophets 'most read' list.
In light of recent events we have scheduled in a new session at the UK Investor Show on April 18 2015 – Tom Winnifrith, Quindell, being the Sheriff & a Red Flags Master Class and Tom will be joined on stage by a celebrity guest. More on that later but if you book seats for the show now using the promotional code SP25 you can get a discount of 25% - this offer ends on December 1st – book HERE
Quenron (QPP) owns 24% of AIM listed National Accident Repairs which is a good company, well run by a solid management team and which HAS DONE NO BUSINESS AT ALL WITH QUINDELL. It is not tainted by the implosion of Quindell or by its frauds but Quindell is at death’s door cashwise. We have it fully sourced that Quindell has been touting its stake (nominally worth c£8 million) seeking any offers at all. It is desperate to sell. Its as is almost gone. can it even meet November payroll, which is now paid in December in order to mislead investors regarding the quarterly cash position?
“Currently in line with management expectations in respect of new project bookings, ahead of plan for new and repeat enterprise projects, and ahead of its plan on costs”. Sounds good. “The group has cash resources of $20m to comfortably sustain it through to profitability and cash flow positive”. Still sounding good. “Whilst revenue growth has been strong, a small number of large projects, which have been submitted to the exchange, will not kick off until early 2015, which will impact the group's revenue and therefore profitability for the full year ending 31 December 2014”. Oh!
On Friday November 7th Cenkos issued the above broker note to justify Robert Terry, Laurence Moorse and Steve Scott’s share disposal to Equities First Holdings. Littered with glaring errors, this “clarification” is such monumental drivel that even the arch apologists over at QPPSAG have quietly removed reference of it from their homepage (though you forgot to delete the promotional Tweet chaps!). I note that Cenkos analyst Andy Bryant has apparently today "left the building." Nothing to do with Quenron, natch.
Quindell (QPP) sent me not one but two lawyer’s letters as it attempted to bully me into stop exposing its lies and fraud. What Quindell shareholders might want to ask Rob Terry is how much of their cash he pissed away on this exercise. The second letter came on 11th September from the most expensive law firm in libel, the motherfuckers at Schillings. And I now bring that to you.
I really must head off to the Greek Hovel. I do not want to spend any more tme than I have to in Athens but in response to reader requests I have a few thoughts on Fitbug (FITB). You see I am not only the ever obedient servant of the keystone cops at AIM Regulation but also of you too, dear readers.
Quindell is a fraud. It has lied to investors and since it never generates cash it is worth 0p. Right now the shares are 49p – and falling – and in today’s BearCast I explain why the fall to 0p might be steady or dramatic. But for now we pretend that with Rob Terry on the board it is a normal business. This is a pretence and needs to be addressed. Here are ten questions hapless shareholders need to be asking.
Stanley Gibbons (SGI) has announced results for its half year ended 30th September 2014 and that “the board look forward to the second half of the financial year with confidence”. Good News fr our readers at the Nifty Fifty but there is more to come!
The June edition of the UK Investor Show Magazine is live featuring three resource shares to buy, two more share tips, a voting guide for investors, and where to emigrate if the wrong party wins a special offer expiring on June 14 and much more.
Queenie smears journalists and spins for all the worst companies on the casino from fraudsters Eden to Advanced Oncotherapy to Norfolk's finest Fusionex. He truly is a posterboy for AIM and thus a fitting sponsor for this week's contest. The challenge: We're looking for exemplary examples of sheer stupidity from those founts of brilliance; the Bulletin Board Morons who dwell on the cesspits that are LSE.co.uk, III.co.uk and ADVFN.co.uk. The deadline to post your entries in the comments section below is midnight, Sunday 2 July.
Slater & Gordon (SGH) spunked £649 million on buying the worthless, fraudulent assets of Quindell (QPP) in 2015, a deal that has seen its shareholders suffer a 99% wipeout. It has now filed a UK High Court claim against Watchstone (WTG), Quenron as was for £637 million and we have obtained the papers and, in a major scoop, publish the Claim in full below.
I tipped shares in Saffron Energy (SRON) but urged folks to take profits some months ago. The shares were then 8p+ having listed at 5p. In recent weeks the shares have slithered back towards that 5p and I have been urged by folks to re-tip. I resisted that urge. Something was wrong. Now we all know what some folks have clearly known for a while, what the problem is.
It has taken more than two decades and exposed the Greek planning system for the total joke that it is but Minoan (MIN) now has the all clear to go ahead and develop the spectacular Cave Sidero site in North East Crete.
You may know Tom Winnifrith as the man who exposes fraud on AIM and gets a stack of death threats and lawyers letters for his troubles. Just on Tuesday he has published a massive exclusive on Quindell, the biggest London stockmarket fraud for 30 years, and a con the regulators thanked him for exposing. That breaking news is HERE.
It is good to see a CEO putting his money where his mouth is and the share purchase by Erik Henau should also scotch the silly rumours that a placing is imminent. The Concepta (CPT) head honcho has purchased 80,000 shares at 12.175p. He now owns 293,333 shares so in that context this is a decent purchase. We'd hope to see more boardroom buying soon but expect also to see more hard news on order flow very soon.
I guess if you write for a website that makes the Official Jimmy Saville Fan Club website seem well read and popular, it forces one to also post on Bulletin Boards in order that your words of wisdom/attempts to ramp your flagging portfolio reach an audience of more than three men and a dog. Speaking of dogs - Watchstone (WTG) is stock which bear raider turned Bulletin Board Moron Evil Knievil has long argued is worth 500p. The shares are now 140p ( and falling) after yesterday's massive revelations from me HERE.
I bet the BBC News picks up on it and runs with it too. But its sister publication is quick out of the blocks...The Guardian today runs with a raft of misleading headlines and other fake news as is its wont but the one on Brexit driving EU workers abroad wins the prize. The left wing rag with plunging sales and spiralling losses states: "Almost half of highly skilled EU workers 'could leave UK within five years". The sub head is "Deloitte study finds 47% were considering leaving after Brexit, while overall one-third of non-British workers could leave". Right, okay but hang on what did the survey actually say and was it big enough to be statistically valid?
AIM-listed Advanced Oncotherapy (AVO) has released its full Annual Report. Having looked yesterday at a few things I thought it would be worth a second look – especially in the light of a clean audit report from RPG Crouch Chapman. Mea culpa to myself and Tom who expected something different, but hang on a minute…
Another day and another director walks, a new strategy is adopted and yet more confetti is issued by AIM casino uber dog Mayan Energy (MYN), formally the hound known as Northcote Energy. But this latest move just makes no sense at all. Let me explain with a little bit of help from a friend....
I warned you in explicit terms yesterday that the doubling of the Strat Aero (AERO) share price to 0.14p on the back of results which can best be described as a shit sandwich with dollops of jam tomorrow on top, was not justified. The shares have now slumped back to 0.09p-0.11p (TW 7, BBMs 0 once again) but do not BUY now for there are still deluded fools abroad.
Metal Tiger (MTR) has updated on exploration at the Logrosan Minerals joint venture in Spain – helping the shares currently slightly higher to 2.03p mid.
A year ago Ronald Stoeferle stated that we were at the very beginning of a bull market in gold, He was wrong. He says that was stopped by Donald Trump. Gold and commodities are dirt cheap when compared to stocks. Equities, bonds, and real estate are at or near their all time highs. He thinks the dollar is close to rolling over.
In a sense this is not that relevant as Advanced Oncotherapy (AVO) is within a couple of months of running out of cash and going tits up but on a point of principle I have written to the my very good friends at the Financial Reporting Council as there are aspects of Advanced's 2016 annual report and accounts which stink more than a pile of rotting kippers left out at a sewage farm in the scorching midday heat. The letter follows:
A few weeks ago I penned a piece on Blenheim Natural Resources (BNR) in which I was highly skeptical of the recent holdings RNSs from a certain Pershing Nominees/Valbury Capital.
Worthless AIM listed piece of excrement Servision (SEV) always seems to report its results at the last possible moment to avoid suspension on the casino. In 2016 calendar 2015 numbers (piss poor) arrived on the 30 June deadline day. For 2016 its a slam dunk bet that the numbers (piss poor) will arrive this Friday on deadline day. Why is that?
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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