premium content
Tom Winnifrith Bearcast: Jeff Prestridge must stop pretending, should fess up to his own Woodford sins and he's not the worst offender
In today's podcast I come clean on tomorrow's Panorama on Neil Woodford and then look at today's dishonest and disgusting coverage of Neil Woodford in the Sunday Telegraph, Mail on Sunday and, worst of all, The Sunday Times.
- By Tom Winnifrith |
- 20 October 2019, 18:32 |
premium content
Central Asia Metals remains a conviction buy and will surge higher if commodity prices improve
Central Asia Metals (CAML) is a company which I have followed for a number of years, and although the share price hasn’t seen much movement during that time, anyone who has followed my previous buy tips should still have done okay from it.
- By Gary Newman |
- 20 October 2019, 15:57 |
premium content
More profit warnings...but don't go all defensive
I am not the biggest fans of the large accountancy and consultancy companies but it was quite striking that a new report from EY observed that there 'were more profit warnings from listed companies in the first nine months of 2019 than in any year since 2008'. And you guessed it - as one of the deadwood press notes - 'the report cites concerns over the economy and delays or cancellations of contracts as the two main causes for companies to miss their forecasts. Brexit was highlighted as the reason for 22% of profit warnings in the three months to September — up from 10% in the first quarter'.
- By Chris Bailey of Financial Orbit |
- 20 October 2019, 15:08 |
The ShareProphets Sunday Pub Quiz #7
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.
- By Darren Atwater |
- 20 October 2019, 11:38 |
Sunday Long Reads: Marooned in Belize, Air-conditioning the outdoors, Soda Tax, Surfer Thieves, Asia’s El Chapo
Is there anything better than sitting back and reading a well-written article on a lazy Sunday? Every week ShareProphets features some long form journalism that you'll find of interest. Grab your cuppa and enjoy these five articles.
- By Darren Atwater |
- 20 October 2019, 11:38 |
premium content
VAST – Mr Godot now three times absent: still being careful out there
It is now 12 days since my piece on AIM-listed Vast Resources (VAST) telling readers to be careful out there. At the time, a promised $13.5 million finance facility due to be signed the previous week hadn’t yet appeared and there was no sign of its much-vaunted Chiadzwa joint-venture project which was supposed to have been signed off in the first week of October actually being signed either. Well, here we are – is there any news, or is Vast to be put in the same camp as those chumps as Providence Resources and Lansdown who were waiting….and waiting for cash for their Barryroe well which never came?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 20 October 2019, 11:38 |
Notes from Underground: Mapped - Cryptocurrency Regulations Around the World
This regular Sunday feature of the most-read articles of the week has fallen to number 42, so I have pulled out my go-to feature to pull it up for next week: a charticle about cryptocurrency.
- By Darren Atwater |
- 20 October 2019, 11:35 |
premium content
JKX has the potential to generate substantial amounts of cash flow if gas prices improve: BUY
I always find it surprising that private investors are prepared to take big risks on the drilling of oil and gas wells, yet they won’t touch certain shares due to geo political risks.
- By Gary Newman |
- 19 October 2019, 14:32 |
premium content
Neil Woodford out-of-cash dog Verseon – proposed sale of HQ buried in AGM notice: the Grim Reaper approaches
It is surely now only a matter of time before this AIM-listed Woodford Dog is taken out and shot as an act of mercy. Out of cash, piled up with bills to pay, with no income, a failed ruse to play the crypto-currency game and with benefactor Neil Woodford now out of play, AIM-listed revolutionary drugs-from-a-computer generating machine Verseon (VERS) has announced it is looking to sell its HQ, the research, development and operations facility in Fremont, California. There is a slight snag, however, in that it is already mortgaged. What will the forced seller get for it?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 19 October 2019, 14:14 |
premium content
Tom Winnifrith Bearcast: Chris Frazer of Sirius is the bears' best friend
I start with a look at who might be sued in the Neil Woodford scandal, focussing in on the directors at Woodford Patient Capital Trust (WPCT). Then I lookl at another mini-bond disaster, this time involving Kevin McCloud of Grand Designs. Finally I discuss the latest deranged thoughts and acts of Chris Frazer of Sirius Minerals (SXX) as he ponders an AIM (sorry main market) delisting. Timber!!!! He is, again, the bears best friend.
- By Tom Winnifrith |
- 19 October 2019, 10:38 |
premium content
If it sounds too good to be true….which brings me back to Versarien
On the occasion of the news that Neil Woodford had been fired as manager of his soon to be wound down flagship Equity Income Fund, the great man posted a comment on his Pravda-esque blog saying that he could not accept the decision. His arrogance did not surprise me. What shocked me, as I noted HERE, were the comments by unit holders which were universally supportive of Neil.
- By Tom Winnifrith |
- 19 October 2019, 09:58 |
Table of shorted AIM shares - week to 18/10/2019
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
- By Steve Moore |
- 19 October 2019, 08:32 |
Perk Up if You Want to Make the Most of your Share Portfolio.
Hello Share Thrashers. As I write, nobody has any idea if the Brexit debacle will move forward or back, so let’s take the opportunity of reviewing a share owner’s benefit which is often disregarded and shouldn't be. I refer to the perks. Here’s the latest list of some of the best companies for rewarding share-owners.
- By Malcolm Stacey |
- 19 October 2019, 08:31 |
Sabien Technology – but I thought “addressable market remains attractive, supported by our pipeline”?...
Early last month I noted on ‘M1G’ and ‘M2G’ boiler energy efficiency technologies company Sabien (SNT) the subscription is for £326,427 of shares at 0.11p each, with it added “on 11 June 2019, the board announced that it expected to report revenues for the year-ended 30 June 2019 of approximately £1.2 million (2018: £0.51 million) and a small profit before taxation (2018: loss of £1.65 million). The board confirms that it has traded in-line with expectations… net cash (excluding the proceeds of the subscription) amounted to approximately £0.67m as at 2 September 2019”. There has since followed the results and now, after the shares have recently shot higher, a “Corporate Update”…
- By Steve Moore |
- 18 October 2019, 17:15 |
premium content
Eddie Stobart Logistics – another potential bidder enters the fray for this Woodford Dog
Shares in AIM-listed Eddie Stobart Logistics (ESL) remain suspended pending interim results and financial clarification, but that has not stopped a third potential bidder – Wincanton (WIN) – entering the fray. Eddie Stobart now has three potential suitors – DBAY, which was involved in its original demerger from Stobart Group (STOB), and an outfit headed by Andrew Tinkler – who was sacked by Stobart Group after a messy campaign to remove its then chairman, and Wincanton which now has twenty-eight days to decide whether to make an offer. So is this all good news?
- By Nigel Somerville |
- 18 October 2019, 17:09 |
premium content
Tom Winnifrith Bearcast: Neil Woodford, the book by myself, Cynical Bear and Nigel Somerville
The FT says today that no-one emerges from the Neil Woodford scandal with any credit. I beg to disagree with the PR cocksuckers at the deadwood press yet again. Meanwhile three folks who do emerge with real credit are now negotiating a book deal. I also look at Brady (BRY) and its crazy share price and in detail at uber dog Plutus Powergen (PPG)
- By Tom Winnifrith |
- 18 October 2019, 15:36 |
premium content
Pantheon Resources – More useless crap assets confirmed?
Yesterday Pantheon Resources (PANR) confirmed that Haliburton has handed its 25% interest in the Alaskan Alkaid project and Phecda prospect back to the company for nothing. As one of the world’s leading oil services companies, Haliburton has surely confirmed Pantheon has a further crap asset to add to its growing portfolio.
- By Peter Brailey |
- 18 October 2019, 13:43 |
premium content
Brady: back to the FCA & AIM Regulation, please do not brush this scandal under the carpet
Individuals not companies commit fraud, lie via RNS and break securities rules. And it is individuals not corporates who must be punished for their crimes. Otherwise getting caught for white collar crime becomes simply another “cost of doing business”. In that vein I have again written to the FCA and AIM Regulation about Brady (BRY) where I do not accuse anyone of fraud or lying but I do accuse them of heinous rule breaches.
- By Tom Winnifrith, The Sheriff of AIM |
- 18 October 2019, 12:59 |
Itaconix – what disappointment now from another of Neil Woodford’s ‘leading innovators’?
Previously writing on self-styled “leading innovator in sustainable specialty polymers” Itaconix (ITX), in July 2018 I noted a fundraising at 2p per share comparing to 6.75p on the shares being suspended and it still only stating “the net proceeds of the fundraising will provide the company with at least 12 months of working capital”… for me on this Woodford dog, natch, it remains bargepole ahoy. Today a “Trading Update” – what now from this, another of Neil’s ‘leading innovators’,?…
- By Steve Moore |
- 18 October 2019, 12:17 |
premium content
A year on...and InterContinental Hotels Group still does not impress
I enjoy using the search function on this website because you can always learn something from articles written months or even years ago. Almost a year ago I wrote on international hotel chain InterContinental Hotels Group (IHG) that 'the company changed its CEO last July. The new incumbent is clearly trying to forge a distinct direction rather than live just off the legacy of his highly successful predecessor. That can be a dangerous thing to do too at the wrong point of the economic cycle'. That all seems very true, but the reality is in the last year the share has gone up. However reality is not so different…
- By Chris Bailey |
- 18 October 2019, 10:40 |