ShareProphets

Thursday 29 June 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


17 June 2017, 07:58 | By Gary Newman |

Sylvania Platinum looks to offer great long term value

As long as there is nothing fundamentally wrong with the company itself, then with any leveraged play on commodity prices, which is basically what many producers are, the time to be buying is when the price of the underlying commodity is near the bottom of a cycle. It is usually hard to judge exactly where the bottom is going to be but, when it comes to platinum, I think we are nearing that area.

17 June 2017, 07:57 | By Tom Winnifrith |

This weekend's Primary Bid offer is Myanmar Investments

This is becoming  routine. After hours on on Friday PrimaryBid announces a material placing opportunity for its members. This weekend it is Myanmar Investments (MIL) where directors are putting in at least $725,000 ( a good sign) as it seeks to raise $3 to $5 million at $1.18 - a 9.2% discount to its closing price on Friday.

17 June 2017, 07:56 | By Malcolm Stacey |

The Footsie May Not Rise for much Longer - Get Ready to Sell

Hello Share Cringers. As a BBC current affairs producer for nearly all my working life, I thought its 24-hour news service was doomed to failure. How wrong, in the light of recent events, I was.

16 June 2017, 14:38 | By Tom Winnifrith |

Drowning in debt Avanti Coms takes on more debt, is classed as non investment grade & exposed for misleading (again)

You are drowning in debt so what to do? In this crazy world you take on more debt! and so Avanti Communications (AVN) today announced that it had secured a new $100 million debt facility. Read carefully and you will see what an absolute nightmare this news is.

16 June 2017, 14:35 | By Steve Moore |

SThree – trading update argues “solid base”, but what about the macro picture?

Shares in staffing business SThree (STHR) are currently trading higher, above 300p, on the back of a half-year trading update. However, they are still lower than the more than 330p reach earlier this year, so what’s the current story here?...

16 June 2017, 11:50 | By Steve Moore |

EU Supply – framework agreement signed, but valuation merited?

Shares in e-procurement software provider, EU Supply (EUSP) are currently a further more than 17% higher, at 17p, on the back of a “Framework agreement signed” announcement. Hmmm, a framework agreement – so no specific financials then?...

16 June 2017, 08:19 | By Tom Winnifrith, The Sheriff of AIM |

Fisking The Times & Standard Life as AIM is lambasted

The Times yesterday ran an article "Investors take aim at LSE’s mistrusted upstart - Stock exchange defends Alternative Investment Market but its critics are losing patience", which it painted as a major attack on AIM. In fact it appears to have found one new critic - Standard Life - which, having done its conkers on Fusionex (FXI) because its fund managers knew better than our writers here who issued repeated warnings, now seems to think AIM has a problem. On which fucking planet has Standard Life been for the past ten years?

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16 June 2017, 08:17 | By Steve Moore |

InterQuest – trading warning, but the attempted robber barons admit “solid” longer term fundamentals

“Trading update” announcement from InterQuest (ITQ), a company subject to an attempted robber baron (Oops) management, buyout with a first closing date in less than a week. Hmmm...

16 June 2017, 08:15 | By HotStockRockets |

Metal Tiger – news from Botswana and Thailand, soon to roar?

Metal Tiger (MTR) has updated on interests in Botswana and Thailand – with on the former CEO Michael McNeilly “excited by the strong mineralisation intersections in the geotechnical holes drilled to help plan the open pit design” and on the latter noting the project “not only warrants the further technical work required to commence an optimised reopening, but holds the potential for significant Mineral Resource increases and enhancement”...

16 June 2017, 08:13 | By Tom Winnifrith, The Sheriff of AIM |

African Potash: Crack out the ouzo, adviser Peterhouse quits it is game over

"Lyin' Chris Cleverley, fascist lawyers Memery Crystal,, NED Declan O'Brien,clueless accountants RSM Tenon, SA sleazebag MP Mark Simmonds, Phil Edmonds, Andrew Groves, we have beaten them all, we have beaten them all!. Lord Hain of sleaze, can you hear me? Lord Hain of sleaze ... your boys took a hell of a beating! Your boys took a hell of a beating!" Yes I think we can now declare victory in the war against African Potash. It never ends well for frauds especially those who hire fascist lawyers to send wanker letters to The Sheriff of AIM.

16 June 2017, 08:06 | By Tom Winnifrith |

Conroy Gold boardroom purge looks a certainty

On June 8th Conroy Gold and Natural Resources (CGNR) said that it had received a demand to hold a GM to clear out most of the existing board and replace them with Paul Johnson and Gervaise Heddle linked to Metal Tiger and large shareholder Patrick O'Sullivan. Since then silence.

16 June 2017, 08:03 | By Tom Winnifrith |

A Tsunami of Selling in Gold Miners Is About to End

In this week's podcast from Palisade Capital Frank Holmes discusses how the GDXJ became just a buying index with no separation of value and little understanding of who was doing well fundamentally. The re-balancing has created a large uncertainty with five billion dollars initially moving into the space and now three billion dollars leaving it. This will affect many of the small and mid cap producers. The investment money is being reallocated to the big names like the Barricks, the Newmonts, and the Goldcorps of the world. Holmes argues that you should use this as an opportunity, as some of these stocks have been sold down indiscriminately even though they are reporting phenomenal fundamentals.

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16 June 2017, 08:01 | By Malcolm Stacey |

Och Aye. That Scottish Bank's Shares May Rise, Now Some Obstacles are Under Control

Hello Share Smirkers. Normally I favour Lloyds (LLOY) when commending banks to your further inspection. But progress on that bank’s share price has been hesitant on days when its rival RBS (RBS) motors ahead. Though of late, RBS has weakened too - a casualty of the political uncertainty which becomes even more uncertain as the days roll by.

15 June 2017, 14:53 | By Tom Winnifrith |

Fusionex - votes to delist: shares now 33p to sell - worthless:: CEO Teh talks horseshit, has Nomad quit?

Surprise surprise shareholders in Fusionex (FXI) voted to delist the shares from AIM. Management and stooges had the vote sown up anyway so won 85% to 15%. The shares will cease trading on 26 June. CEO Ivan Teh must have really pissed off the owners of 5.4 million shares who voted against.

15 June 2017, 14:29 | By Gary Newman |

Jubilee Platinum continues to make progress: BUY

Shares in Jubilee Platinum (JLP) have taken a bit of a battering in recent months, but I can still see plenty of upside here on any sort of positive reversal in platinum prices, and it is also worth remembering that other platinum group metals have been more robust.

15 June 2017, 14:15 | By Steve Moore |

Starcom – shares soar on “Major Supply and Support Agreement”, but how ‘major’ is it?

Having been bearish on Starcom (STAR) – from with the shares at above 7p HERE and most recently HERE – I note the stock currently 50% higher today, at 2.25p, on the back of a “Major Supply and Support Agreement” announcement…

15 June 2017, 11:17 | By Steve Moore |

DFS – profit warning, but reckons growth expectations for next year are still “realistic”. Hmmm…

“Trading Update” announcement from DFS Furniture (DFS) includes that “we believe our expectations for the next financial year are realistic”. The shares are though currently more than 20% lower at around 200p, with the announcement also updating that “the trading environment has however recently weakened beyond our expectation, with significant declines in store footfall leading to a material reduction in customer orders”. Uh oh…

15 June 2017, 09:27 | By Tom Winnifrith, The Sheriff of AIM |

Servision - (lack of) profits warning and surely market abuse & breach of AM Rules?

Servision (SEV) the AIM listed POS has today slipped out a horrible calendar 2016 profits warning but the fact that it has waited five and a half months to do so is surely market abuse. AIM Regulations state that price sensitive information must be anounced as soon as it is known. How on earth can the company's hapless Nomad, Allenby, tolerate this state of play? Or does it not care as long as it is paid?

15 June 2017, 09:18 | By Tom Winnifrith |

House broker on Concepta - shares, now 11.875p, worth 22p

Shares in Concepta (CPT) trade at 11.875p mid this morning but are according to house broker Beaufort worth 22p. The house broker is biased but the note it has published is interesting for its - conservative  - updated forecasts. If the broker is right then in just over six months time these shares will be trading on a 1 year out PE of less than 6 which is insane for a growth play. Judge for yourself. we own shed loads of these shares are will not be selling at anywhere near this price.

15 June 2017, 08:40 | By HotStockRockets |

Collagen - More Good News but wait for July 11!

This 5.75p offer share tip has not covered us in glory...yet. Shares in Collagen (COS) are now 5.375p despite a decent trading update two months ago and now further news.

10 hours ago | By ShareProphets |

The June edition of the UK Investor Magazine is live - 5 share Tips, voting guide, and where to emigrate if the wrong party wins

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.

 
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4 days ago | By Darren Atwater |

New Bulletin Board Moron of the Week contest - sponsored by David Lenigas on steroids

The prize is a cheap one way flight to Mars organised by Elon Musk a promoter who makes David Lenigas seem bashful and understated. The challenge: We're looking for exemplary examples of sheer stupidity from those founts of brilliance; LSE.co.uk, III.co.uk and ADVFN.co.uk. The deadline to post your entries in the comments section below is midnight, Sunday 25 June.

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7 days ago | By Tom Winnifrith |

Little Steve Sanderson of UK Oil & Gas in action on the Weald Basin caption contest

It seems that little Steve Sanderson of UK Oil & Gas (UKOG) was hosting anyone who was interested at the company's site at Broadford Bridge on the Weald Basin. Just last week the Old Bill were arresting local protestors near the drill pad, so what is little Steve saying now? Suitable captions in the comments section below with a deadline of midnight tonight please.

7 days ago | By Malcolm Stacey |

Here's One For Plastic Palace Alice - A One Year Profit-Doubler

Hello Share Smudgers. Companies which manufacture plastic bits and pieces have done rather well in my bag in recent years. But one I have not so far touched, yet ought to do so soon, is Carclo (CAR).

7 days ago | By Steve Moore |

InterQuest – attempted robber barons respond to Defence Document, admit their offer “constrained”…

Lambasted for a “materially undervalues” 42p per share offer, the InterQuest (ITQ) attempted management buyout team at Chisbridge Ltd has made a “Response to Defence Document”

7 days ago | By Steve Moore |

Hornby – major holder’s purchase means a mandatory cash offer

Last month saw a regime change General Meeting requisition withdrawn at Hornby (HRN) and now the major shareholder, Phoenix, has unconditionally agreed to acquire the rebel’s (New Pistoia Income’s) shares – seeing it required to make a mandatory cash offer for the whole company...

7 days ago | By Tom Winnifrith |

Tom Winnifrith Bearcast: Why Paul Scott's fucktard follower will always lose & should you sell all your oil shares?

Okay this really is the last one until September. But I have packed and am ready to travel and am bored, so here goes one more time. First up I discuss those who always blame others for their lack of profits, citing some twitter chum of the great Paul Scott. Then as Brent plunges through $45 I discuss why it is falling, where it will go next and if you should sell all your shares. The answer is a very selective no.

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7 days ago | By Tom Winnifrith |

Luke Johnson speaks up for we terrified entrepreneurs

Luke Johnson will be among the star speakers at UK Investor Show 2018. Those with a golden ticket will also get to hear him in conversation with Nigel Wray at the Saracens evening the Wednesday beforehand - that will be a battle of the pizza men, a real treat - more details HERE. In his Sunday Times column last weekend he echoed my post-election gloom about how we entrepreneurs should feel terrified - HERE. It is brilliant stuff. Frankly Luke is THE reason to buy the Sunday Times. Luke opines:

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7 days ago | By Cynical Bear |

Highlands Natural Resources: Results out - fun over - bubble bursting - get out

I’m no longer surprised how stocks that, in my view, are inherently worthless or at least worth a fraction of their current share price can stay at such a high price or so long but I think the bubble is bursting, and gravity is taking hold, at Highlands Natural Resources (HNR) with a shocking set of results released yesterday. Let’s have a look at the “highlights”!

7 days ago | By Tom Winnifrith, The Sheriff of AIM |

Lies, smears & blackmail: Loathsome Rita tries to cling on at Magnolia Petroleum

Less than lovely Rita Whittingham is doing her utmost to cling onto the gravy train for her and her relatives which is Magnolia Petroleum (MAGP). You will remember that there are moves to oust the proven failure and install one director from Nostra Terra (NTOG), Evan Ainsworth, and an independent director, Zac "The Knife" Phillips, the City's No 1 oil analyst. This would not be a change of control as Rita asserts since The Knife is independent, but a much needed boardroom clearout. Now to the defence document which is worthy of Jeffrey Archer. It is just low grade fiction.

7 days ago | By Andre Brand |

My advice to the next Chancellor

I have to confess to being very depressed over the course of the last few months. I think the depression has actually been increasing and I put it all down to media and politics.

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7 days ago | By Nigel Somerville, the Deputy Sheriff of AIM |

Naibu – SHOCKER filthy forty update and litigation news. Who's in the frame?

Out of the blue this morning, we have had an update from ShareProphets AIM-China Filthy Forty Naibu. This was an obvious fraud and delisted in 2015 when the money stopped flowing and Houyan Lin disappeared. But the board decided to stand up to be counted. They may have been taken in and signed off on all sorts of lies, but they have been pursuing the case and today have also announced that viable legal causes of action look to exist to go after certain of the various professional advisers who were involved at the time of the flotation.

6 days ago | By Steve Moore |

The People's Operator – “Make a call, make a change”… shareholders make a loss…

“The People's Operator (TPOP), the cause-based commercial mobile virtual network operator, is pleased to announce its full year results for the period ended 31 December 2016”. Hmmm, these being announced approaching six months after the year-end – rarely a good sign…

6 days ago | By Steve Moore |

Imagination Technologies – shares jump on commencement of formal sale process, though “remains in dispute with Apple”

Shares in Imagination Technologies (IMG) have currently recovered more than 17%, to 145p, on the back of a “Commencement of formal sale process” announcement…

6 days ago | By Malcolm Stacey |

Mitie Is No Mouse at Cost Cutting and Finding New Customers

Hello Share Seekers. Times have not been pucker for firms which claw a lot of business from local councils and other organisations. Government cuts have caused so many local authorities to cut back on their awards of business to outside contractors. Mitie (MTO) is one such firm.

6 days ago | By Steve Moore |

James Latham – “pleased” with full-year results, but a buy?

Having last year commented on slowing growth, I note results for its year ended 31st March 2017 from panel and timber distribution company James Latham (LTHM)…

6 days ago | By Darren Atwater |

Winner of the Little Steve Sanderson of UK Oil & Gas in action on the Weald Basin caption contest

There were some good entries for this edition of the caption contest, and it was a photo finish for the winner of captioning this photo of  little Steve Sanderson of UK Oil & Gas (UKOG), playing host to anyone who was interested at the company's site at Broadford Bridge on the Weald Basin. 

28 June 2017, 14:55 | By ShareProphets |

The June edition of the UK Investor Magazine is live - 5 share Tips, voting guide, and where to emigrate if the wrong party wins

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.

 
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28 June 2017, 14:55 | By Corbyn's pal Darren Atwater |

New Bulletin Board Moron of the Week contest - sponsored by Paul "Queenie" McManus PR to London's worst frauds & AIM trash

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.

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27 June 2017, 08:11 | By Tom Winnifrith, The Sheriff of AIM |

Exclusive: The full Slater & Gordon High Court Claim against Watchstone for £537m - damning on Rob Fielding, David Curry & the lies Quindell told

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.

27 June 2017, 10:02 | By Tom Winnifrith, The Sheriff of AIM |

Saffron Energy - The City's No 1 oil analyst Zac Phillips sticks his knife in and he has a point

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.

28 June 2017, 08:06 | By HotStockRockets |

Minoan - Yes it can now develop Cave Sidero - we are off to the races: Yamas!

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.

28 June 2017, 14:55 | By ShareProphets |

You may know Tom the fraudbuster but what about the man who makes you money from value investing shares tips - act TODAY!

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.

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27 June 2017, 08:14 | By HotStockRockets |

Concepta - CEO buys a not un-trivial amount of shares: Follow suit

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.

28 June 2017, 11:05 | By Tom Winnifrith |

Bulletin Board Moron Evil Knievil still wrong on Watchstone

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.

28 June 2017, 08:23 | By Tom Winnifrith |

The fake news Guardian - misleading headline on Brexit and EU workers leaving

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?

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27 June 2017, 10:03 | By Nigel Somerville, the Deputy Sheriff of AIM |

Advanced Oncotherapy – Annual Report published: Guess what?????

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…

27 June 2017, 10:20 | By Tom Winnifrith, The Sheriff of AIM |

Mayan Energy the dog has a new trick but it makes no sense at all - coke & hookers better value

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....

27 June 2017, 08:13 | By Tom Winnifrith, The Sheriff of AIM |

Strat Aero - reality setting in - do not BUY!

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.

28 June 2017, 08:22 | By HotStockRockets |

Metal Tiger – news from Spain, but the real news we want still to come - BUY

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.

28 June 2017, 08:16 | By Tom Winnifrith |

In Gold We Trust 2017

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.

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28 June 2017, 08:20 | By Tom Winnifrith, The Sheriff of AIM |

Advanced Oncotherapy - letter to Financial Reporting Council re uber dodgy accounts

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:

28 June 2017, 11:04 | By Gary Newman |

Shenanigans at Blenheim Natural Resources need investigating

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.

27 June 2017, 12:41 | By Tom Winnifrith |

Servision - how do you keep lots of idiots in suspense? We'll tell its shareholders on Friday

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?