AIM listed Premaitha (NIPT) was our share tip of the week two weeks ago at 10.75p – the shares are now 15.75p but are still a buy from here – we expect them to double by Christmas.
Our pals at Palisade Capital, employer of the mining guru Amanda Van Dyke, serve up a weekly podcast with Jordan Roy-Byrne. Since he is a chartist we ignore him normally but his podcast this week looking at gold juniors vs physical gold, both now and back in 2010 and 2011 is fascinating stuff for we gold bugs. As such we are happy to give it a wider airing.
Shares in Alibaba have raced ahead since its IPO and the Chinese internet giant ( which could not get a HK listing away so is US listed is now valued at more than Wal-Mart. Are you temped or compelled to get on board? Personally I think the valuation is insane and am not wild about Chinese stocks in general. But what do you think? The deadline for voting is midnight Sunday and you can vote only once unless you are from Glasgow where it appears multiple voting is par for the course.
It was 5 AM in the morning one day last week before I finally got to have a good long chat with Sam Antar, the FD behind one of the biggest Wall Street frauds of the 1980s, Crazy Eddies. Poacher turned gamekeeper, Sam now busts white collar crime and is an SEC whistleblower. He also blogs and tweets in a most amusing way. Have a look at www.whitecollarfraud.com @samantar – naturally enough we discussed – at great length – Quenron (QPP).
As managing director of a company which has lost 99% of its stockmarket value in 18 years, Irish mining entrepreneur Christian Schaffalitzky is cheerfully upbeat about prospects as AIM dog Eurasia Mining (EUA) prepares to take its Urals Alluvial Platinum (UAP) project in western Russia into production, at long last, next year. The company, whose shares have crumbled from a 1996 float price of 310p to a barely visible 0.58p now, is also looking for partners to develop another, larger Russian palladium and platinum project at Kola, south of Murmansk near the Finnish border.
International market research group, BrainJuicer (BJU) has announced results for the first half of the 2014 calendar year and that it believes it is “on track to meet market profit expectations for the full year”. With the shares having though been squeezed lower, to a current 430p, capitalising the company at £54.3 million, is there value here?
Hello Share Laddies and Lasses. Well, it’s been an exciting week on the old share front and no mistake! Personally, I had a few penny shares hit the gravy trail, after months of waiting. I expect you had some cheap winners, too.
Investment Company El Oro Ltd (ELX) was set up by the war hero Major Woodbine Parish. He used to use his results statements to berate the IC for rating his company’s shares as a sell in 1953, noting their outperformance each year in the 40 years that followed, to plug his war memoirs and to launch a phenomenally right wing rant. El Oro is now run by his son “young Robin” who takes after his old man with a storming results statement today. This man makes me look like a Guardian reading, Islington mad lefty. I can’t say I agree with him on everything but he is unique, a true character... Read on…
Bears of the Horse Hill Oil stocks keep insisting that the well has a 20% COS. Where, a reader asks, does this number come from? Er… the bears. We put this to Mr David Lenigas this morning who appears to disagree with this assessment. His (diplomatic) response was:
Edinburgh-headquartered designer and manufacturer of video security systems for large scale and complex security installations, IndigoVision (IND) has announced results for the twelve months to 31st July 2014 and that it “seems likely that the excellent progress in the last twelve months has been the beginning of a more sustained period of growth”. Is this discounted in the current 472.5p share price?
And so the formal announcement is out: The Horse Hill starting pistol has really been fired. How long do you have to wait for news? Not long!
Niche plastics products group Plastics Capital (PLA) has updated investors that it “is trading broadly in line with market expectations” and “anticipate another year of reasonable progress”. The detail has though impacted the share price.
Back in January I was enticed into making a value call on AB Foods(ABF) versus Next (NXT), coming to the conclusion that Next, which does not have a sugar business, looked the better value on what looked like a less excitable more restrained valuation. I now note that the gap between AB and Next has narrowed to about the narrowest it has been for a year.
At an emotional level I am sorry to see that my Celtic Cousins in the Greece of the North have not voted for a Scottish Free State. But this prediction of disaster both sides of the border is based on economics and not emotion. I suggest that those Unionists celebrating ponder life in Quebec and think again. Like Proud Edward’s Army.
Yesterday started not so well with an announcement that Inspirit (INSP) was to issue 3,398,056 new shares for professional fees. That normally means a company is low on cash – not good. But Inspirit is cashed up. The company tells us this is a contractually agreed deal with the scumbag Nomad which can elect to take half its fees in shares.
AIM listed, Back office workforce optimisation software company, eg solutions (EGS) has announced results for the six months ended 31st July 2014 and that “trading in the two months since the half year end has continued to be positive and the company remains confident of achieving market expectations for the full year”. Is this though discounted in a share price now approaching 80p having been sub 55p as recently as last month?
Tungsten and molybdenum play Thor Mining (THR) is poised for a busy autumn, after sealing its $1.675 million (£1 million) all-share takeover deal for the Pilot Mountain tungsten project in Nevada, as it also awaits an updated feasibility study on its flagship Molyhill tungsten and molybdenum project in Australia’s Northern Territory. Provided shareholders of Pilot Mountain’s vendor, Black Fire Minerals, approve the takeover next month, AIM-quoted Thor will start work establishing a resource at Pilot Mountain, having by then possibly added as much as 36 per cent more tungsten and 60 per cent more molybdenum to Molyhil’s present ore reserve Down Under of three million tonnes with 0.31 per cent tungsten W03 and 0.12 per cent molybdenum.
Having earlier this week remained bearish on mobile money technology platforms and services company Monitise (MONI), the shares have further crashed on the back of an announcement from current 5.5% shareholder and strategic partner Visa Inc. that it is “considering its options with regard to its Monitise stake… and has engaged J.P. Morgan Securities Plc to assist” and “intends to continue increasing its investment in its own in-house capabilities and, as a result, reducing its use of external resources”. With Monitise having responded to Visa’s announcement am I changing tune? Er...
Hello Share twitchers. I love trading penny shares. In and out, in and out, that’s the way to do it. Of course, the normally big spreads are a nuisance. But the rewards when a penny hits the red hot trail can be stunning.
Since I had a strategy for investing, I have adopted the ‘High Yield’ approach to buying shares. In a nutshell, this strategy states that you should buy shares with a yield higher than average for the FTSE 100, if possible with a low PE ratio, the dividend well covered and debt as low as possible. Does it work?
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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