In light of base rate increases in the US, technical analyst Jordan Roy Byrne is getting more cautious on the outlook for gold and precious metals. From a fundamental as well as a TA perspective he explains why in the latest podcast from Palisade Capital.
A “Trading Statement” announcement from Microsaic Systems (MSYS) includes Chairman Eric Yeatman commenting “we are very encouraged with the progress since our 21 March 2017 update, when we introduced our biopharma strategy, specifically around bioprocessing. We are engaging with several of the leading players in the global market for bioprocessing equipment”. However, the statement also includes that “the company now expects its H1 and full year 2017 revenue to be significantly lower than for 2016”. Hmmm…
I have been deeply troubled by the most recent lack of profits warning from AIM listed worthless POS Servision (SEV). My initial view, expressed HERE, is that in not admitting to order slippage from December for almost six months it had committed a massive breach of AIM Rules regarding timely disclosure of price sensitive news. But I fear it may be far worse than that.
Our nominations usually come from LSE.co.uk, ADVFN.co.uk, III.co.uk, and sometimes the FT. But this is the first time that our winner comes from the world of academia. And no, the author is not Tom's sociology lecturing Mrs
The demise of so many Standard Listed companies means that poor Cynical Bear has some big holes in his Sub Standard List X1 squad. But fear not, from God's chosen lands of Northern Ireland here comes Rockpool Acqusitions which will list in early July having raised £1.5 million at 10p.
Hello Share Bottlers. You may, or may not, have noticed that I currently favour insurance companies. And following my own advice for once, I am now sitting on cracking profits on two of the biggest, Legal & General (LGEN) and RSA (RSA). I would still commend both these entities to your further inspection. However, I now turn the spotlight on a smaller, newer and more specialised insurance player.
We're looking for exemplary examples of sheer stupidity from those founts of brilliance; LSE.co.uk, III.co.uk and ADVFN.co.uk. Perhaps if they need a guiding light they might care to look at life inside the basket case that is Jim Mellon's Diabetic Boot Company, as sponsored by most of the other AIM companies Jim runs as Cynical Bear pointed out HERE. The deadline to post your entries in the comments section below is midnight, Sunday 18 June.
It is five weeks since our last update on the portfolio of seven AIM stocks selected for Marcus Stuttard, the sham sheriff of AIM, to put his money into to show his faith in the system of regulation last September. As you will recall, these were all companies which we had Red Flagged but about which AIM Regulation had done nothing. Last month the losses were 61.7% in about 8 months.
On 25 April this year Optibiotix (OPTI) announced it had delivered a small sale of 100,000 units of its LPDL capsule to Germany's HLH BioPharma Vertriebs GmbH. That must have gone well as we are today told that Optibiotix has signed a three year deal that grants HLH a non-exclusive license to produce, package and commercialise products containing OptiBiotix's cholesterol reducing LPLDL® strain.
Earlier today i showed how Magnolia Petroleum (MAGP) has become a gravy train not just for CEO, not so lovely Rita Whittingham, but for her extended family as well. But when the operations are not generating cash how to fund the gravy train? Shimples: pump the stock with misleading RNS statements and do a discounted placing. Rinse and repeat. Want an example (for there are many)? Here goes.
Bathroom and household equipment and accessories group Norcros (NXR) has announced results for its year ended 31st March 2017 and that “the board remains confident that the group should continue to make further progress for the year ending 31 March 2018”.
Earlier today I suggested that less than lovely Rita Whittingham ( remuneration $245,438 in 2015 and $303,737 in 2014) would almost certainly be ousted at the forthcoming GM - the maths look grim for her as I explained HERE. But if you were still wavering, did you know about her family on the payroll? Oh yes, this is shocking.
I was going to have my usual weekend dig at one of the many over-promoted pieces of crap on the lower reaches of AIM but thought instead I should lift up my head and look further afield and take a pop at most over-promoted stock in the global markets with a proper superhero at the helm, namely Tesla Motors (NSDQ: TSLA) and the irrepressible Elon Musk.
And so the battle lines are drawn at Magnolia Petroleum (MAGP), the dash guzzling worthless AIM POS founded by Gavin Burnell of Globo infamy. On the one hand there is an overpaid incumbent board led by less than lovely Rita Whittingham and backed by an overpaid army of crony capitalist advisers. On the other side are Even Ainsworth from Nostra Terra (NTOG) and Zac "The Knife" Philips, the City's top oil analyst. Magnolia has accepted that a GM request to outs less than lovely Rita and appoint Ainsorth and The Knife is valid. So what is the voting maths?
Ha ha. We've been waiting for this for weeks, but now Slater & Gordon (who were given all the relevent ShareProphets articles when there was still time to back out) has actually filed suit against Watchstone, nee Quindell, claiming breach of warranty and/or fraudulent misrepresentation for a total amount of up to £637 million plus interest. It almost makes one want to root for Quindell this time.
Orogen (ORE) has confirmed that the second tranche of the secured loan made to Thread 35 Ltd has now been drawn down. The total amount of the loan, which is now fully drawn down, is £250,000.
You would have thought that having not one but two advisers resign because they would not sign off on its lies, being out of cash, having its shares suspended on NEX after being slung off AIM would be enough to kill African Potash (AFPO). But it appears that the holy water, the garlic, the silver crucifix, the stake through the heart and all the other tools in Van Helsing's bag are not enough. But remember, in the end the Count will die.
I previously wrote on restaurant group Richoux (RIC) in April, with the shares at 20p, concluding that there looks much turnaround work to do in an admitted “difficult” period for the sector and with it also placing ahoy, I avoid. The company has now made a “Completion of Subscription & Director Transactions” announcement...
Let's start with the bad news. It really should not be a surprise given the lack of orders announced (until now!) but Concepta (CPT) has confirmed that it will miss full year 2017 sales forecasts. That is the bad news. It has launched a new product and it is a few months behind schedule. These things happen. But...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
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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