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Newsboy
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The return of two 'favourites' – The Restaurant Group and Cineworld

It is nearly three months since I last wrote about The Restaurant Group (RTN)observing back then 'The cash flow statement is full of red ink and I would be amazed if comments such as "Pro-forma net debt / EBITDA is 2.3x" don’t ultimately end up being too optimistic...because we have not seen anything yet'. I see the stock has been super volatile in the last couple of days, down more than 8% yesterday and up more than 7% today. Why the shifting share price?...

MTFB

Motif Bio – argues Nasdaq “Voluntary Delisting”… but it having been set to be involuntary anyway?...

Currently AIM and Nasdaq listed Motif Bio (MTFB) argues “Voluntary Delisting from the Nasdaq Capital Market”. Hmmm – what about those Nasdaq ‘deficiency notices’?...

I3E
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I3 Energy: A2 well may as well have been a duster. SELL

So there we go, I3 Energy (I3E) has confirmed the A2 Well on the Liberator field has likely found oil, but not a fat lot from what I can see. I have been warning about the risks on Liberator drilling and the consequences of not finding oil with the drill bit for some time, most recently HERE. Looks like those risks have crystallised...

AAU
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Ariana – storming news from left field: sell a little at 2.5p if you want but 4p here we come!

All of a sudden the talk with AIM-listed Ariana Resources (AAU) is no longer about placings, but big payouts as out of left field yesterday came an announcement that things have suddenly hotted up for its gold projects in Turkey: on the table are proposals to sell part of its Salinbas and Kiziltepe/Red Rabbit projects and for it to bag $30 million – but if the proposal goes through Ariana will still be left with 23.5% of the combined outfits. It is perhaps too early for the party poppers, as there are plenty of hoops to jump through ahead but by the end of February we should know whether Kerim Sener has pulled off a storming deal...

I3E
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I3 Energy strikes oil at Liberator but I don't view it as being a positive outcome!

I3 Energy (I3E) is a company which I had high hopes for and have continued to keep the faith with despite being far from happy with the way that the board of directors has handled things during the current drilling campaign. Having screwed up the first Liberator pilot well, which was supposed to have determined the location for a first production well next year on its North Sea licence, and then operationally redeemed itself to some extent by striking oil during an appraisal of its nearby Serenity licence area, and proving that to be an extension of the adjacent Tain field, all eyes have been on the second Liberator pilot drill...

DLG

Direct Your Attention to Direct Line Where New Technology and Cost-Clipping Might Win Through

Hello Share Shufflers. You must feel for poor folks who work in insurance call centres. They navigate all the questions and then their computers give a price that can double your renewal cost. So they try and tell you that their company gives better benefits if you claim, like a courtesy car. But what company doesn't arrange a courtesy car? And what firm differs from any other in the range of benefits? And yet the competition is so bruising, compounded by comparison websites, that only lowering the price will win the order. But some insurance companies are better than others at dealing with this severe profit-eater...

Bear
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Versarien, Bidstack & AFC Energy... short now or later?

All three are concept stocks and shares in all three will at some stage slide towards zero...

MWG

Modern Water – “pleased to announce” new business… but what’s to follow?

Modern Water (MWG) “is pleased to announce that it secured the sale of its largest by volume All-Membrane Brine Concentrator technology, to be used in South Korea's first deep seawater salt production project” – and the shares have currently responded more than 7% higher, to 1.5p. However, Nigel Somerville previously warned on this company; bullshit packed RNS, placing at 1.25p to raise just £141,696 - prepare for a GM and more confetti!

Bearcast
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Tom Winnifrith Photo Bearcast: A warning to fellow olive harvesters, a day of travel hell but one hell of a view in Athens tonight

The photos below are from the roof of the Athens hotel in which I am holed up after a day of travel hell which I discuss and offer a warning to the trio of bearcast listeners coming to join me for the olive harvest shortly. In the bearcast I look at Inspirit (INSP), 13 Energy (E3E), Eurasia Mining (EUA) which is run by a top banana bt has a joke valuation and FinnCap (FCAP) which has a joke valuation in light of today's interims and is run by a top er... it is run by Sam Smith.

LVCG

Live Company – “pleased to announce” agreement to settle deferred consideration in shares… but it’s not as originally agreed…

Commenting on an agreement last week which Live Company Group (LVCG) argued “transformational for the group and the BRICKLIVE brand” but I questioning this as it was also stated only “gives the board further confidence in the current market expectations for 2020, which remain unchanged”, I also noted in October it having stated it “continues to be in advanced discussions with the vendors of Bright Bricks Holdings Limited regarding the settlement of the deferred consideration of, in aggregate, £0.833 million, due today, through the issue of new ordinary shares. Further announcements will be made as appropriate”. Now an announcement; “Deferred Consideration and Issue of Fee Shares”

Timebomb

The middle class have been decommissioned

The middle class have been decommissioned. Its members are surplus to requirements in globalisation...

CNS

Corero – forget further SmartWall development and sales & marketing, it’s a bailout fundraising…

“Corero Network Security plc (AIM: CNS), the network security company, is pleased to announce a conditional placing and subscription to raise up to £3.25 million”. Hmmm…

Newsboy
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Questions and observations catch-up: Rolls Royce, Dignity & Sage

It has been very busy over the last few weeks but I really appreciate it when readers comment on my articles, even if they have a different perspective or conclusion. After all, this is what makes a market – so keep them coming. So playing a little bit of catch-up with some of the comments that have been posted on my articles...

INSP

Inspirit – loan conversion from the boiler room but when’s the (yet another pump-and-dump) placing?

This morning AIM-listed Inspirit (INSP) offered up a cheerful RNS stating that £804,000 worth of convertible loan notes were being converted at 0.07p (the minimum price possible) and that thus the Company has substantially reduced its debt close to zero and we hope that this reduction in debt will provide the right base from which the business can now grow. The implication is that all is well…..until you look at its last stated results, the interims to way back last December. "Growth" my foot!...

QPP
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Top 50 most-read articles and podcasts on the Quindell fraud - this is going to get very topical again soon

A couple of conversations last week make me convinced that the day when the SFO brings the Quindell (QPP) fraudsters to book for what was a £3 billion con is not that long away. We know that the fraudster in chief, Rob Terry, emerged terrified from his second interview with the SFO in July, as I revealed HERE, and that the SFO has been on the case for almost six years. I believe the wheels of justice are finally starting to turn and in that vein bring you a reminder of our 50 most read articles and listened to podcasts on AIM's biggest ever fraud. I should also say that new documents have fallen into my possession that the authorities do not yet have. They will get them this week AFTER I publish them here as they are explosive. Meanwhile back to the top 50. Enjoy!

Malcolm

In Hard Times to Find Rising Stars, Let's Revisit a Topping Trio Which may have Further to Go

Hello Share Mashers. Please pity poor analysts like me in these peculiar times. I spend more time looking for firms which have exciting potential than actually writing about one each day. I plough through lots of material and nearly always reject a number of companies before choosing one to bring to your attention. So currently finding few new possibilities, allow me to revisit a few shares which I have chosen recently...

Crime-Scene
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EXPOSE: The Appbox Media scandal – so who tried to wind it up last month and why? And about those RNS Reach lies....

Those suckered into putting their hard earned into Appbox Media have been promised a £150 million takeover but, er…no cash for three years. For reasons explained HERE last week, I, increasingly, think this is part of a complex £15 million boiler room scam in the heart of the City of London and have asked the FCA to investigate as a matter of urgency. Perhaps it might start with the recent attempt to wind Appbox up.

Bearcast
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Tom Winnifrith Bearcast: On a PE of 3 the shares are cheap says the Sunday Times. Bollocks

On my last bearcast before I flee to the Greek Hovel (cue calls from Bulletin Board Morons that I live in a hovel as I am a peasant and that I am evading justice for some crime or another), I discuss today's chapter of retail-aggedon (Clarkes), the Neil Woodford Rutherford International (RUTH) £32.5 million black hole and why Amigo (AMGO) is almost certainly not on a PE of 3 and almost certainly not cheap.

AV
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Sunday confessional: Aviva teaches me that you are always learning with markets

If you want to periodically (or even frequently) look like a fool...then I would heartily suggest you engage with the financial markets.  As I have discussed on these pages before, a really good batting record is getting seven out of ten calls correct...with the other three losers being curtailed before they get anywhere near joining the fifty percent or worse down club.  Anyone who claims a record better than this should either be on the front page of Businessweek or is the next Bernie Madoff.  

Quiz

The ShareProphets Sunday Pub Quiz #12

This has nothing to do with shares or investing or anything. It's the end of the weekend and we've organised a quick pub quiz. Grab your own beer, there are no prizes, and for Pete's sake, no Googling! Only I get to do that. If you are so inclined, please enter your score in the comments. The highest score still won't get a prize.

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