ShareProphets

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


12 October 2014, 17:30 | By Chris Oil |

The Loons strike again – pump and dump on the AIM Casino

I switched on my computer today to receive more than 50 abusive messages (more than normal) regarding a tweet I made suggesting certain other Ponzi’s in the wake of the London Mining (LOND) collapse on Friday. I believe in free speech and the right to exercise it. 

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12 October 2014, 17:13 | By Mark Howitt |

Morrisons begins Fighting Back with Match and More

For quite a while, I believe that Morrisons (MRW) has lagged behind the competition in the supermarket sector. It’s been years behind Asda, Sainsbury’s (SBRY) and Tesco (TSCO) in terms of online shopping.

12 October 2014, 17:06 | By Tom Winnifrith, The Sheriff of AIM |

Quindell & Compass Costs: the numbers do not add up and this stinks: the worst filing yet – FCA problems now looming?

The Quenron (QPP) subsidiary accounts are now landing thick and fast at Companies House and I am ploughing through them but have unearthed the stinkiest yet – Compass Costs. The numbers stated are different in different places, there is revenue missing and there is a curious dividend paid. It stinks to high heaven and since Compass is part of an FCA regulated entity (Quindell Legal Services of which more later) this is certain to attract FCA attention.

12 October 2014, 15:41 | By Chris Bailey of Financial Orbit |

Amid the carnage and uncertainty there is value

Stockmarkets were exciting this week. In this issue of Financial Orbit I look at the looming deflation threat in Germany and the EuroZone but flag up the posdsibility of QE 4 in  the US. But amid the cranage there is value. The US earnings season has started and I look at a couple of value plays which reported - this is still a stock picker's market.

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12 October 2014, 15:05 | By Tom Winnifrith, The Sheriff of AIM |

Reader Poll – which of the 10 stocks in the Bear Portfolio will crash most by Christmas

So far the bear portfolio of Matt Earl (the Dark Destroyer), Evil Knievil (the fat man), Lucian Miers (the Bard of the Boleyn) and Tom Winnifrith (the Sheriff of AIM) is down by an average of 18.2%. Today one stock leaves the portfolio (New World) having duly collapsed and in its stead goes African Mining (AMI) which will collapse. But which of our 10 shorts do you think will slump most by Christmas. The deadline for voting is midnight tonight as things are moving rapidly with at least one constituent.

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12 October 2014, 03:44 | By ShareProphets |

Gold: a bottom or a temporary bottom but it’s the juniors that will lead the bull market that follows

Gold commentator Jordan Roy Byrne is a chartist and serves up a weekly short charting show on Palisade Radio – in this week’s show he wonders has gold hit the bottom or could there be worse. But his charts tell him that mining juniors might be about to rally sharply. Hmmmmm.

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12 October 2014, 03:41 | By Tom Winnifrith |

The Matt Earl, Evil Knievil, Lucian Miers, Tom Winnifrith Summer Bear Portfolio revisited and updated view

Back in the summer, July 9, the 4 Bears sat down and compiled our top ten shorts for the summer. There has been one disaster – Concha (CHA) – but despite that an average loss (gain for us) of 18.2% per short is not bad. So where do we stand now?

12 October 2014, 02:07 | By Steve Moore & Tom Winnifrith |

EMED - After the Quarterlies a speculative buy still

EMED Mining (EMED) has announced that it has completed its application for a mining permit for its Rio Tinto copper project and is “confident that it will receive the mining permit before year end”. Together with restoration plan approval (the final plan having gone through public consultation, with approval “expected within the coming weeks”), these are the final permits needed to allow full scale mining operations to recommence. 

12 October 2014, 01:41 | By Tom Winnifrith |

SHOCKER: Why Ingenie IS a subsidiary of Quindell and so why Quindell DID breach the Companies Act with the abbreviated accounts

Various Bulletin Board Morons have argued that Quindell (QPP) was within its rights to file smaller company accounts for Ingenie so keeping vast amounts of information from you all. And here is why yet again the morons are 100% wrong, I am right and Quindell has broken the law.

11 October 2014, 22:55 | By ShareProphets |

Financial Video Postcard #54 – Investor mood (anger, denial, acceptance) and the BB moron portfolio on margin in meltdown edition

In this week’s financial video postcard Tom Winnifrith discusses how the mood of investors is changing as the stockmarket falls to new year lows. Delusion, becomes denial becomes acceptance becomes anger. 

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11 October 2014, 22:15 | By Chris Oil |

Post Black Wednesday what’s next?

Following my article calling the market sharply lower before the Scottish Referendum (HERE) I am still a bear and here’s why! 

11 October 2014, 21:53 | By Lucian Miers |

London Mining was a Slam Dunk Short – now its suspended, learn your lessons!

A few years ago as the names on the High St fell like dominoes there was good money to be made even after the likes of JJb Sports, Blacks Leisure, Clinton Cards,  Game Group etc. informed the market that their shares were worthless.

11 October 2014, 21:49 | By Tom Winnifrith |

Reader Comment of the Week – Once again it is Forty Two on Quindell

Some of our posters really know their onions. I know full well who “Forty Two” is and he knows Quenron (QPP) better than any serving City analyst. His comments after the Friday Ingenie shocker HERE should be read in conjunction with that piece to gain an understanding of how The Quinnovation Group operates. 42 says:

11 October 2014, 20:29 | By Tom Winnifrith |

Exclusive: Amanda Van Dyke to Float on AIM as Chairwoman

Mining guru, and chair of Women in Mining, Amanda van Dyke is to float a company of which she is Chairwoman on AIM, I can exclusively reveal.

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11 October 2014, 20:03 | By Tom Winnifrith, The Sheriff of AIM |

Tom Winnifrith’s BearCast 11th October – stockmarket & oil price crash special

Normally BearCast is just a weekday podcast feature. However in light of the plunge in global stockmarkets and the oil price on Friday I have served up a special. I make explicit warnings about how you should protect your wealth next week.  This website was termed “Prophets of Doom” by another website which has encouraged you to buy shares generally and crap like Quindell (QPP) in particular. We are being vindicated in a massive way across the board. In that spirit I urge you all to listen hard.

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11 October 2014, 19:21 | By Tom Winnifrith |

The AIM Casino Explained in One Picture - Saturday Caption Contest

We hope that this cartoon which is more than 150 years old explains how the LSE came up with the idea of the AIM Casino. The many bring their wealth in and buy shares and the money goes to the managers of the offerings (City Crony capitalists) and the Directors. Shimple, sheeple. To win today’s contest simply post your captions in the comments section below.

11 October 2014, 18:23 | By Chris Bailey of Financial Orbit |

Africa: fear, a youthful population and…Old Mutual

A few weeks ago& I took my profits in SABMiller (SAB) on some warmed up bid talks.  There is a price, to get back into the emerging markets beverage company with a particularly attractive position in Africa, but not yet.  

11 October 2014, 00:53 | By Steve Moore |

Short positions table to check as markets continue to fall

The FCA publishes a spreadsheet of short positions required to be disclosed to it and the following details those investment firms that as of 9th October had disclosed short positions in two or more of the stocks that have been covered bearishly on this website (with the % net short position of the 'position holder' and position date linked to our latest article on the company). The table also includes the other net short positions the 'position holder' discloses and investors may want to double check if they are on the other side of the trade to these seemingly shrewd investors (see the share price performances of the linked companies). Companies in bold feature in the table more than once.

10 October 2014, 23:49 | By Tom Winnifrith |

Paul Scott’s Bargepole List – As you’d expect its bang on the Money

I know that every time that I praise him, Paul Scott gets a shedload of abuse from Bulletin Board Morons but heck it is hard being just right so often, as we both know. Paul is without doubt one of the most perceptive writers on shares going and as such ignore him at your peril. And he has just produced his latest “bargepole list.” Ho ho ho, this will not win him any friends in the Bulletin Board Moron Community.

10 October 2014, 23:31 | By Malcolm Stacey |

As Longfellow said ‘Into Each Life Some Rain Must fall’.

Hello Share Gang. Gosh, it’s dispiriting when your shares, which were once doing so well, start to decay in value. This is happening to me at the mo and it can put a damp blanket on your whole life. But we are wrong to let falling shares get us down. Here are a few reasons why.

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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…