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FIN
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Finablr – Oops where did that 1 billion dollars go to?

Yesterday Dr BR Shetty, the founder of Finablr (FIN) and NMC (NMC) protested that he was the biggest victim of their collapse and was purer than the driven snow. Today another shocker from Finablr. It seems a billion dollars has gone up in smoke and it has only just noticed.

Anarchy
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Three AIM stocks monstrously overvalued where a placing is a certainty: I despair.

We truly live in mad times. The printing presses are running full steam, the dole queues building at rates not seen for decades, the economy imploding and yet on the AIM Casino there are stocks trading at ludicrous levels. I offer three: Catenae (CTEA), Conroy Gold and Natural Resources (CGNR) and Tern (TERN).

NANO
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Nanoco – argues formal sale process terminated as “such an uncertain environment”, but...

Previously writing on Nanoco (NANO), with the shares falling below 13p I noted financial concerns which don’t provide much of a negotiating position for takeover discussions. Today half-year results…and “Termination of Formal Sale Process”...

Evil
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Tom Winnifrith: The greatest ever speaker line-up at a British Investor show – Do Not Miss out on May 9

The Coronavirus lockdown has meant the two big investor conferences have been postponed. But as a one-off alternative I have assembled the greatest ever speaker line-up for British Investor Show – welcome to the ShareProphets Shares Conference, a true online extravaganza on May 9. From both the UK and US some of the biggest names in investment will be telling you what they are buying, selling, shorting or avoiding. There are so many stars we need two main stages where you can hear:

VAL
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ValiRX the latest ramp from broker Peterhouse – the confetti issuance specialists

Here we go again.  Grace Slick could have been thinking of Peterhouse’s antics – as exposed here -  when penning her most famous number “When logic and proportion, Have fallen sloppy dead” Exactly. So what is the ValiRx (VAL) white rabbit?

INL
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Today’s Primary Bid Offer is more big league than usual – Inland Homes, I am almost tempted

Folks often carp that Primary Bid  offers are at the scuzzier end of the AIM casino. That charge cannot be levelled today. Inland Homes (INL) is a proper company and this is a serious, largely institutional, fund raise.

Newsboy
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Good news that both Royal Dutch Shell and Lloyds Bank have taken the reality pill

I know some dividend munchers will be crying into their cornflakes this morning, but the first Royal Dutch Shell (RDSB) dividend reduction in the post WW2 period is an overdue and sensible move. You may recall earlier in the week I chastised the new BP (BP.) CEO for seemingly kicking this decision out to a September capital markets day, despite clear evidence that it was required. I was listening to the Shell CEO on a financial TV channel earlier today and his comments around the twin impacts on the company from the coronavirus and the oil sector demand/supply imbalance issues are equally striking and kind of obvious...

Isolation

Views From Readers’ Windows & Desks: Isolation Edition. No 33 Frank in Worthing, West Sussex

We're inviting you to send pictures in of what you see out of your window and/or of your new workspace. Just email them to editorial@shareprophets.com . Today, we're looking at the view of Frank in Worthing, West Sussex...

BT

A High Dividend and Low Share Price Giant that Could Prosper in the Lockdown

Hello Share Takers. Though it seems tasteless to mention it, you know there are some companies that should do well out of the virus crisis. And telecoms giant BT Group (BT.A) could be one of them...

DIA

Dialight – manufacturing facilities reopenings & management share purchases BUT...

Self-styled “global leader in sustainable LED lighting for industrial applications” Dialight (DIA) has updated including of notifications from Mexico and Malaysia that its manufacturing facilities can reopen and that it is initiating phased restarts and of management share purchases...

Bearcast
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Tom Winnifrith Bearcast: Insanity, insanity, insanity but there is no arguing with the express train

Today's recordings for the ShareProphets shares show included Gabriel Grego and Luvian Miers - almost three hours between them. In all I sense there may well be more than 70 hours of content on May 9 which will include some amazing stuff. So book your ticket now  HERE.. Elsewhere the world has gone mad but it is pointless pointing that out. I discuss Catennae (CTEA), Novacyt (NCYT) and Carnival (CCL).

SGI

Stanley Gibbons – cash compared to prior COVID-19 expectations “currently down only slightly”, BUT...

Stanley Gibbons (SGI) has updated including that “all areas of the business remain open and functioning other than the physical shop” and “the coin market has remained quite robust in recent weeks and we have seen evidence of more people showing an interest in both coin and stamp collecting”. However, the shares have currently responded lower, to 2.5p...

CERP

Columbus Energy – shares bounce on Saffron well oil discoveries but remain a buy...

Columbus Energy Resources (CERP) has updated investors with Executive Chairman Leo Koot emphasising “the Saffron well has discovered oil in both the Lower Cruse and Middle Cruse formations in the South West Peninsula, onshore Trinidad. These discoveries are transformational for Columbus creating two valuable standalone field developments”...

FIN
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Kerboom: Finablr and NMC – Dr Shetty breaks his silence, "I'm the biggest victim of all, honest guv"

After all that has gone on at (now former) FTSE100 play NMC Health (NMC), which is now in administration and where shareholders face a potential 100% loss, and Finablr (FIN) which is also suspended and shareholders face wipe-out as well, Dr Shetty – the man apparently at the centre of the shambles – has finally spoken out in a co-Chairman’s statement from Finablr issued at 10.50am this morning. If we are to believe Dr Shetty, he is not so much the perpetrator of fraud against both companies but the victim. Heck let's set all up a vrowd funding site for him.

SJH

St James House Plc – will the £500,000 arrive tomorrow?

On 31 January 2020, long time AIM uber dog St James House (SJH) announced that a new investor was going to subscribe for 1,666,667 shares at 30 pence per share to raise £500,000 in exchange for a 29.9% shareholding in the Group subject to approval to issue additional shares at a General Meeting.  All conditions to approve the share subscription were approved at the General Meeting on 28 February. 

PHD

Proactis – interims, “clear indicators that the board's strategy is working well”?

I noted yesterday shares in business spend management software and services company Proactis (PHD) bouncing on a “Reset of bank facilities” announcement, though concluded I considered the valuation still more than sufficient at this point and continue to avoid. Today half-year results – and the shares currently more than 6.5% lower towards 27p in response...

NXT
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Note to every business and investor out there: read & learn from the latest Next plc update...

A quick glance at the FTSE-100 flirting again with the 6,000 index point level might have calmed the casual investor to think that everything was seamlessly slipping into a 'V-shaped' recovery. More experienced investors understand that there are multiple psychological, flow and - yes - fundamental factors at work. That it is complex out there is shown by the tone and content of today's trading update by Next (NXT), a company whose capability to work out a plan I have lauded before...

SUPP
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I kid you not Schroders thinks the former WPCT medium risk although it admits investors are CERTAIN to lose money!

This is an amaingly honest yet utterly dishonest admission from Schroders which managesthe  Schroders UK Public Private Trust (SUPP), the dog formerly known as the Woodford Patient Capital Trust (WPCT).  It is also a damning indictment of the disgraced Neil Woodford. Schroders has published a new Key Information Document, a KID.

Isolation

Views From Readers’ Windows & Desks: Isolation Edition. No 32 Darren in Canada

 We're inviting you to send pictures in of what you see out of your window and/or of your new workspace. Just email them to editorial@shareprophets.com . Today, we're looking at the view of Darren in Canada.

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ANP

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Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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