ShareProphets

Wednesday 24 May 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


17 October 2014, 20:49 | By Tom Winnifrith |

David Lenigas Abandons Twitter and a few Horse Hill thoughts from me

After the episode revealed here yesterday by Doc Holiday, marmite AIM serial CEO David Lenigas has announced that he is to stop tweeting. For a 50 tweets a week man that will be some cold turkey. I just hope he does not try quitting the fags at the same time.

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17 October 2014, 20:34 | By Chris Bailey of Financial Orbit |

Two companies beginning with ‘R’: Royal & Sun Alliance and Rolls Royce

Well what a week and if you are a Rolls Royce (RR/) shareholder what an end to the week…but more on the perils of owning one of the favoured holdings of institutional professional fund managers in a minute. 

17 October 2014, 20:03 | By Brokerman Dan |

Crime of the Century? Aussie Typo ref David Lenigas

I’d like to remind certain people who’ve attacked the mercurial David Lenigas, in recent weeks, that this is the man who a couple of months ago was being praised by the vast majority for making them collectively, hundreds of thousands, if not millions of pounds. (Where are they all now David?) Fast forward to the present day and Mr Lenigas is now being demonised on financial web sites, bulletin boards, comments sections & twitter.

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17 October 2014, 19:48 | By Thierry Laduguie |

BAT Industries strong relative strength is a positive development

In a bear market, defensive stocks like Tobacco, utilities and Pharmaceuticals are always a good bet, these stocks tend to outperform the index. In my view utilities could take a big hit if bond yields rise, in the event of the Federal Reserve getting into trouble. Pharmaceutical stocks have been stimulated by takeover activity, but in the absence of deals they are still a safe bet. We always need drugs irrespective of the state of the economy. 

17 October 2014, 19:46 | By Robert Sutherland Smith |

We are all doomed? Or are we? Reasons for being cheerful or: - ‘Hit me with your rhythm stick!’

So the yield on short dated US government bonds fell below 2% on Wednesday 15th of October, upsetting the apple cart of portfolio planning by those who were persuaded that inflation was on the rise - thanks to the easing of quantitative easing known therefore as ‘tapering’ to avoid the confusion of too many ‘easings’ – and the cost of credit going up, due to a forecast shortage of supply as the Fed closed it easy money till. Normality was coming back along with higher borrowing costs. 

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17 October 2014, 19:15 | By Steve Moore |

Short positions table - to 16/10/2014

Following some positive feedback on the previous short positions table published on this website, the following shows shorts with a ‘position date’ in the current month which have been disclosed, as required, to the FCA. Investors holding these shares may thus want to check the current fundamentals. Companies in bold feature in the table more than once.

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17 October 2014, 19:14 | By Tom Winnifrith |

Friday caption Contest – AIM Casino October 2014, Wall Street 1929 Edition

It’s Friday and so it is time for a caption contest  There is no prize simply post your captions  for this wonderful and still relevant today cartoon from 1929 in the comments section below by midnight tonight. For what it is worth my Quindell (QPP) themed entry is:

17 October 2014, 19:11 | By Robert Tyerman |

Indicator minerals cheer Karelian

Karelian Diamond Resources (KDR) is celebrating the discovery of ‘a high concentration of indicator minerals’ at Riihivaara in eastern Finland, which the Dublin-based company claims should indicate the presence of a new kimberlitic diamond source in the Scandinavian country’s Kuhmo region. Chaired by veteran entrepreneur, medical academic and former Irish senator Professor Richard Conroy, Karelian says Riihavaara, where it has recovered the minerals in the form of G9 and G10 garnets, lies to the south-east of Seitapera, where it claims already to have outlined ‘the largest diamond-bearing kimberlite pipe to have been discovered in Finland to date’.

17 October 2014, 18:16 | By ShareProphets |

There is no such thing as a triple bottom for precious metals including gold

Our pals at Palisade Capital, employer of the mining guru Amanda Van Dyke, serve up a weekly podcast on gold with Jordan Roy-Byrne. He argues that gold should higher still after this week. This has clear implications for share prices across the mining sector. Okay he is a chartist but still it is an interesting call.

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17 October 2014, 17:34 | By Mark Howitt |

View Investing as A Mental and Emotional Challenge

You could describe what has happened to the market as a massacre over the past two days. It’s even making ‘conventional’ news now, and new ‘experts’ are being found to pass comment on it. The truth is... most of these experts don’t have a clue really. Interestingly today the Telegraph is doing a review of highly paid fund managers who at the beginning of the year were predicting the FTSE would be at 8,000 by the year end...

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17 October 2014, 17:08 | By Tom Winnifrith |

Tom Winnifrith’s BearCast 17th October

Where is that dam Quindell (QPP) video? I am really getting pissed off now, I was promised it last night and it has still not arrived. Fingers crossed. Meanwhile the podcast is back on an up day for the markets – an opportunity to offload duff stocks in my view. This bearcast covers:

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17 October 2014, 14:29 | By Steve Moore |

Eckoh plc – being born in the USA, but still a sell?

In August I concluded that, at 43p, shares in secure payment and customer service products-focused Eckoh plc (ECK) already looked to anticipate some quite impressive growth with resultant substantial downside risk. The following updates on the back of an announcement from the company of a new US contract win and that interim results, to be announced on 25th November, “will report a significant increase in revenue and margin compared to the previous year, in line with market expectations”.

17 October 2014, 14:27 | By Malcolm Stacey |

Looking at Fallen Angels

The following tip has been confided in me by many successful investors and comes highly recommended. Fallen angels are big companies which have stumbled on rocky ground. Their share values have behaved like a stone in a well after bad news, a profit warning say, and have continued to plummet. They're well worth watching for signs of a recovery. Because after a year or two in the doldrums, fallen angels can shoot skywards again in a spectacular way.

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16 October 2014, 21:38 | By Steve Moore |

CSR plc – takeover deal agreed, is this the final play here?

Having rejected a takeover price proposed by Nasdaq-listed Microchip Technology Inc, CSR plc (CSR) has announced a recommended cash deal of 900p per share with a different Nasdaq-listed company, Qualcomm. Is this the final play here?

16 October 2014, 21:34 | By Tom Winnifrith, The Sheriff of AIM |

Quindell Legal Services – More Red Flags Vicar? Part 2

The video of my presentation “Quindell, how it has committed accounting fraud, has not generated a cent of cash despite what it claims and why it is worth 0p” should now appear tomorrow. Pro tem here is part 2 of the Quindell Legal Services – More Red Flags Vicar series. QLS served up so many Red Flags it needs two articles. Part One can be found HERE. Now moving on.

16 October 2014, 20:53 | By Jeff Desjardins |

Was Rick Rule Wrong to Call a Rout in Resource Juniors?

When legendary resource investor Rick Rule of Sprott said he expected lots of companies to ‘give up’ or ‘de-list’ before this bear market was over we all took note but where are the reports of companies leaving the resource sector? In this piece, Jeff Desjardins takes a deeper dive…

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16 October 2014, 20:38 | By Tom Winnifrith & Steve Moore |

Amara Mining, drill results and thoughts on the share price of the ONLY gold stock we are tipping

Amara Mining (AMA) has announced further results from the 2014 drilling programme at its Yaoure gold project in Côte d'Ivoire which “continues to confirm high grade mineralisation throughout the deposit”.  This is the ONLY gold stock we are now tipping on our premium Nifty Fifty website.

16 October 2014, 20:24 | By Doc Holiday |

David Lenigas: Misinformed or taking the Twitter Piss on Horse Hill

The tweets of David Lenigas have been controversial in the past - see here  - but now another episode comes to light which appears to beggar belief. Quite simply Mr Lenigas appears to have made tweet claims about Horse Hill which his own team says are untrue. For the avoidance of doubt I am a shareholder in a HH company (UK Oil & Gas) and I reckon oil will be found but that does not excuse what has gone on. 

16 October 2014, 20:22 | By Robert Tyerman |

Romanian group hoists Stellar Diamonds stake

Foradex, the Romanian exploration services group that is already the largest shareholder in West Africa-focused Stellar Diamonds (STEL), has invested another £396,180 in the company at an above-market (though depressed) 1.55p. The money, topped up with warrants for half as much again by next April, will enable Stellar to buy Foradex earth-moving equipment for its gem projects at Baoule in Guinea and Tongo in Sierra Leone.

16 October 2014, 19:12 | By Tom Winnifrith |

Bearcast from Tom Winnifrith - 16th October

I guess my warnings about equities being overvalued are being vindicated. Sorry Malcom S. and Wilderides! And naturaly I start with that. However there are other matters to discuss:

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23 May 2017, 15:23 | By ShareProphets |

The May edition of the UK Investor Magazine is live - Tips, UK Investor Show photo feature, and the the end of the EU

The May edition of the UK Investor Show Magazine is live featuring three share tips from Gary Newman, the Greek meltown is worse than everyone thinks, and the EU is not fit for purpose plus a photofeature from the 2017 UK Investor Show.

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21 May 2017, 12:58 | By ShareProphets |

New Bulletin Board Moron of the Week Contest - sponsored by Quindell founder & fraudster Rob Terry

This week's sponsor, serial company founder Rob Terry, has been in the news this past week over a lawsuit brought by Aussie legal poltroons Slater & Gorden claiming to be deceived over the legal division that they bought from Quindell. Slater & Gordon will probably do just fine unless Quindell (QPP) or Watchstone (WTG) as it is called these days, points out ShareProphets sent S&G a docket of articles before the purchase went through. Anything to help the boys and girls at Quindell!

17 May 2017, 08:18 | By Malcolm Stacey |

In Touch Company Deserves Your Attention as Profits Rise

Hello Share Shufflers. There is a Geordie company which wages war on switches and buttons. It makes touch sensors. You’ll see this kind of technology everywhere these days, beginning with your mobile phone.

17 May 2017, 08:33 | By Nigel Somerville, the Deputy Sheriff of AIM |

Advanced Oncotherapy – yet another director ponies up, EGM seemingly avoided and Bracknor converts. Most bizarre

Well this is most bizarre! Lobster-potted Bracknor has converted another lump of its death-spiral loan notes. That, of course, is not a great surprise until you study the detail of yesterday morning’s announcement from AIM-listed Advanced Oncotherapy (AVO), where we discover that the conversion shares have been issued not at the lowest daily volume-weighted average price of the past 15 days (21.35p) as per previously announced conversion terms, but at 25p (par price of the shares). Why has Bracknor elected to pay a 17% premium?

17 May 2017, 08:32 | By Darren Atwater |

Labour's manifesto doesn't just make sense, it adds up

The Tory-controlled media has been working overtime to convince voters that Labour wants a return to the bad old days of the 70s, with its fox hunts, its universities for the elites, and, wait... that's not right. Oh yes, the Tory-controlled media says that the Labour manifesto is a pinko-commie cloud-cookoo land fiscal LSD dream. It turns out that it is not.

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17 May 2017, 08:44 | By Tom Winnifrith |

Labour's Maths does not add up - Darren Atwater, Paul Mason and all the other London elitists are innumerate

Our in-house remoaning, money tree-worshipping, metropolitan elitist, Darren Atwater has posted an article suggesting that Labour's manifesto maths adds up. Maybe Diane Abbott and Darren think so, but no-one else will be fooled.

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17 May 2017, 08:33 | By Pizza Hardman Darren Atwater |

17 May 2017, 09:37 | By Tom Winnifrith & Steve Moore |

Petropavlovsk – board structure update amidst attempted coup

Petropavlovsk (POG) has updated on the attempted boardroom coup – including on its process to appoint an independent Non-Executive Chairman, a further independent Non-Executive director and opposition to the requisitioning shareholder nominees.

17 May 2017, 09:48 | By HotStockRockets |

Optibiotix - launch of Slimbiome and LPLDL products. Read closely & buy

OptiBiotix Health (OPTI) has announced what it terms the "successful" launch of its SlimBiome® and LPLDL® products at the Vitafoods Europe tradeshow in Geneva from the 9-11 of May 2017. The event provided the opportunity to connect with 16,500 industry decision makers from the supplements, nutraceutical, functional food and beverage industries. This is viewed as one of the world's leading trade fairs for the food and drinks industry. Yadda, yadda, yadda. Companies always say launches are successful. More jam tomorrow. So what. Etc. But no read on... We have underlined a few key words for you.

17 May 2017, 10:01 | By Tom Winnifrith & Steve Moore |

InterQuest – possible management buyout offer, a piss take

With shares in InterQuest (ITQ) yesterday having increased on the day from comfortably below 40p to well above, at 3:51pm (noting the “recent share price movement” - nothing suspicious to concern AIM regulation then!) a newly created company (Chisbridge Ltd) formed by Gary Ashworth, Chris Eldridge and David Bygrave (respectively InterQuest Chairman, CEO and CFO and 33.3%, 0% and 0.1% shareholders) ‘confirmed’ “that it is evaluating making an offer for InterQuest at 42 pence per share in cash with a full loan note alternative”. They're taking the piss, surely...

17 May 2017, 12:50 | By Steve Moore |

Proxama – having spent “throughout 2016” trying to sell Digital Payments division, now asks us to believe it’s “the best owner” after all!

Proxama (PROX), 13th December 2016: “We have been reviewing various options throughout 2016 to sell the Digital Payments division with a priority being to maximise shareholder value… The company remains committed to the sale and we believe that it will be completed”Today: “the board has concluded that we remain the best owner for Digital Payments division… retaining this division as part of the group, with an updated strategy”. Haha – so having spent “throughout 2016” trying to sell the business and stating it “committed to the sale”, we’re now asked to believe that the company is actually “the best owner” for the business after all!?!...

17 May 2017, 15:10 | By Steve Moore |

Foxtons – Q1 2017 trading update, still a short?

London estate agency Foxtons (FOXT) has updated on the first quarter of 2017, seeing a significant decline in revenue on the corresponding 2016 period though arguing “performance has been in line with the board's expectations”

17 May 2017, 16:44 | By Steve Moore |

Corero – announces “secures second $1m+ SmartWall customer”. How much is the order for?

An announcement entitled “Corero (CNS) secures second $1m+ SmartWall customer”. Sounds good but, having previously written bearishly on this company, let’s take a look at the detail here…

18 May 2017, 08:03 | By Malcolm Stacey |

As Hackers and Computer Bandits Grow in Strength, so Does the Presence of this Techno Sheriff

Hello Share Graters. I’m always trying to find companies you may not be aware of. It’s a way of widening the scope of this largely critical website. Today I commend to your further investigation a company called Defenx (DFX).

18 May 2017, 08:12 | By Tom Winnifrith |

If Corbyn wins the election I'd be better off moving my business to Greece - the simple maths

Jeremy Corbyn has promised to raise Corporation Tax from 19% to 26%, while the tax on dividends in the UK is now 25%. As far as I know that is not going to be increased by Labour, but who knows? The bottom line is that, as a part-time Greek resident but UK taxpayer, it actually makes sense for me to become a Greek resident and Greek taxpayer if Labour wins. Yes, this economic basket case run by socialist lunatics is a better place for me to do my business than a Corbyn-run Britain. Here are the maths....

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18 May 2017, 10:11 | By Nigel Somerville, the Deputy Sheriff of AIM |

Advanced Oncotherapy – another Bracknor Conversion, but look at the terms: how’s the Going Concern statement coming along?

Well, well. How do you issue shares at a discount to par? Simple: pay a whopping fee to the subscriber. AIM-listed Advanced Oncotherapy (AVO) has announced another loan note conversion under its death-spiral funding package with Bracknor and a new fee seems to have appeared which might just derail discussions between the company and its auditor as they work on the going concern statement for the forthcoming FY16 results due out by the end of next month. Oh dear, oh dear.

18 May 2017, 09:56 | By Tom Winnifrith |

K3 Business Technology – another profit warning, faith lost. Sell.

K3 Business Technology (KBT) has updated that it “now believes that the results for the year to 30 June 2017 will be significantly below current market expectations” as “certain large Enterprise contracts have not been secured as expected”...

23 May 2017, 15:23 | By ShareProphets |

The May edition of the UK Investor Magazine is live - Tips, UK Investor Show photo feature, and the the end of the EU

The May edition of the UK Investor Show Magazine is live featuring three share tips from Gary Newman, the Greek meltown is worse than everyone thinks, and the EU is not fit for purpose plus a photofeature from the 2017 UK Investor Show.

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22 May 2017, 08:26 | By Nigel Somerville |

Is Tom Winnifrith right to out companies doing placings?

The busting of a placing by AIM-listed UK Oil and Gas (UKOG) at 1p by Tom Winnifrith has caused a bit of controversy. It is not the first time he has been accused of being irresponsible by blowing the lid on a placing only for it to be pulled or the price dropped. Anyone left holding the baby gets their fingers burned – in the recent example quite badly if they had been buying into the ramp at north of 1.4p only to see the company raise cash at just 0.8p. Is it right?

23 May 2017, 15:23 | By Tom Winnifrith |

New Bulletin Board Moron of the week sponsored by Granny Snuffs & Wildes

The nauseating Mail on Sunday fawned upon Pippa Middleton and her ghastly family as they celebrated the "wedding of the Year"Bring on the revolution! But perhaps the real wedding of the year should be between our two very own in-house Bulletin Board Morons GrannySnuffs & Wildes who seem made for each other. can you find examples on the LSE Asylum, iii, ADVFN or twitter of comments more idiotic than those of our own dream team? If so post in the comments section below, the deadline is midnight Sunday 28th May.

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22 May 2017, 15:31 | By Steve Moore |

Infrastrata – cash crunch & sack-the-board General Meeting ahoy… so it’s strategic review time!

Having bought itself some time by declaring an initial sack-the-board General Meeting requisition “invalid” (a revised, valid requisition announced by it at an attempted ‘no one watching o’clock’, 5:15 pm, on Friday), Infrastrata (INFA) has this afternoon made a “Review of stategic options & project update” announcement...

22 May 2017, 16:31 | By Nigel Somerville |

Minoan – acquisition, placing, debt update

AIM-listed travel agent and wannabe Greek holiday resort developer Minoan (MIN) announced a small bolt-on acquisition this morning….and a placing. Oh, and an update on its debt facility due to expire at the end of June. It is disappointing to see a placing (at 9p), but in the general scheme of things it is a relatively small amount so the pill is sugared to some extent.

22 May 2017, 08:24 | By Pizza Hardman Darren Atwater |

23 May 2017, 08:35 | By Tom Winnifrith |

Amryt at 22.5p worth 62p - new 44 page report

Take a look! European investors are clearly failing to grasp the very significant financial and commercial benefits available for Orphan or Rare Disease drug developers. So much so in fact, that sector-focussed Amryt Pharma (AMYT) finds no quoted peers in London, yet a good basket of NASDAQ-listed comparables are seen to command a significant premium despite mostly being pre-revenue and somewhat earlier in their development. Such anomalies can and, of course, do rapidly correct. 

23 May 2017, 08:35 | By Cynical Bear |

Challenger Acquisitions: Shameful rampathon – the FCA should investigate

Any reader of my pieces will know I hold Challenger Acquisitions (CHAL) in pretty low regard but the outrageous ramping that has now gone on for the last four trading days is an absolute disgrace and the FCA should take a look. I’ll explain.

22 May 2017, 10:03 | By Tom Winnifrith |

Eden Research - Financials suggest its going tits up, FRC pans it after my request), Part 1

Eden Research (EDEN) has today published godawful results and admitted that my very good friends at the Financial Reporting Council (FRC) investigated it - after I requested such an investigation - and have forced it to restate past numbers. It claims that the FRC has now settled all matters. Au contraire. that is another lie from the fraudsters and there are many more porkies in this statement. Truly, the pants of shamed PR Paul Queenie McManus of Walbrook will be cinders and ash after this effort. This all came out as Eden published Godawful numbers for calendar 2016.

23 May 2017, 08:34 | By ShareProphets |

UK Investor Show 2017 ‘Dragon’s Den’ picks update

The sold-out success that was the 1st April 2017 UK Investor Show again saw five 'Dragon's Den' sessions where a number of CEOs each gave a pitch and three Dragons each picked one stock for a £1,000 investment. How are they faring so far?...

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23 May 2017, 08:34 | By Tom Winnifrith |

Andalas raises £600,000 - which means net cash is less than ZERO - it's still bust & worthless

With some great investigative journalism of which this website would have been proud, Brokerman Dan flushed it out a few weeks ago. The former bank robber - correctly - stated that Andalas (ADL) was looking to raise £1 million at 0.06p and the AIM listed crock of shit suspended its shares. Today they are unsuspended after the company raised £600,000 at 0.1p. It says this is at a premium to the suspension price. But it is a spoof, Andalas is still bust. It is insolvent as of today!

22 May 2017, 10:02 | By Tom Winnifrith |

Malcolm Stacey misquotes me but is wrong about Inmarsat anyway - don't fight the tide

Malcolm Stacey is old enough to know about King Canute. In fact he is so old that he was there as a boy when the King sat in his chair on the beach and attempted to turn back the tide. Malcolm surely you remember the day as if it was yesterday? In which case why do you forget this valuable lesson when it comes to Inmarsat (ISAT) and your article today in which you misquote me and get it wrong in so many other ways.

22 May 2017, 10:01 | By David Scott |

Elect a clown, get a Circus

"A credit crunch is brewing and when it happens, the UK is going to get hurt."  These are not my words but the start of the Editorial in this weekend’s Guardian. The article then went on to say "That is the message emerging from senior executives in the financial services industry, who do not think Britain has changed that much since the 2008 credit disaster and the devastating crash that followed. Three developments lie at the heart of this disturbing analysis: spectacular growth in the sale of second mortgages, car loans and credit cards." I would heartily agree with these comments as this is my experience too. But what the article fails to say is that the UK is not alone in this debt bubble - once more it is a Global issue.

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22 May 2017, 08:09 | By Malcolm Stacey |

After Falling to Earth, This Sci-fi Share May Rocket, Once Mr Spock Locks On

Hello Share Scoopers. There have been quite a few occasions now that I’ve commended a Footsie satellite company to your attention. On each mention, as I recall, the share grew in value. However, last year the shares took a big knock.

23 May 2017, 08:16 | By Malcolm Stacey |

All Eyes On OPEC. Will It Come Up with Goods or Will our Oil Shares Slide Down a Greasy Pole?

One of the most fascinating scenes I’ve seen for some time is the sight of Big Donald jigging around with some sort of weird entertainment put on by the Saudi’s for the President's visit. It almost made me forget the big benefit of this amiable state visit on share shifters like us. And that of course is that the President’s friendly reception sent the oil price up.

22 May 2017, 11:35 | By Steve Moore |

Corero Network Security – service launch of a contract announced a month ago. Ramptastic!

An announcement from Corero Network Security (CNS) with a headline “Corero Tier 1 Internet service provider customer GTT Communications, Inc. launches DDoS Mitigation service”. Then “further to the announcement on 19 April 2017 regarding a Global Tier 1 Internet service provider customer win… announces that the customer, GTT Communications, Inc. (NYSE: GTT), has launched its DDoS Mitigation service”“Global Tier 1” now hey! And you what? The contract win has already been announced? Ramptastic…