ShareProphets

Saturday 25 March 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


12 March 2013, 00:48 | By Robert Sutherland Smith |

Pearson: Better than average yield but are the shares cheap?

Pearson’s (PSON) results for calendar 2012 have returned its accounting for the layman to an even greater inscrutability than that which it enjoyed years ago, when it was an extraordinary, almost eclectic collection of activities ranging from publishing to oil; a bit like going back from the renaissance to the dark ages.

11 March 2013, 20:19 | By Tom Winnifrith |

Barratt Interim Results Comment – Still a sell

In February I published a detailed comment on housebuilder and FTSE 250 constituent Barratt Developments (BDEV), stating that a recent upbeat trading statement meant that then upcoming results should contain no nasty surprises but that for a cyclical company seemingly approaching the top of the cycle, the valuation was simply too high. Now, post the results, the following updates my view…

11 March 2013, 19:00 | By Steve Moore |

Anite plc – darkening share price presenting a glimmer of opportunity?

Shares in Anite plc (AIE), a FTSE 250 constituent and provider of testing systems to the wireless market and reservation and e-commerce solutions to the leisure travel industry, at the time of writing trade more than 16% down on today, at 130p, following the company’s release of an update covering the period from 1st November to 8th March. The shares are still significantly ahead on late 2008 lows of sub 21p and sub 94p at the start of 2012, but does today’s move provide an opportunity? The following reviews this…

9 March 2013, 00:50 | By Robert Sutherland Smith |

HSBC: profits better than they looked with more dividend growth in the pipeline. Back in buying range.

HSBC (HSBA) performed strongly throughout the great banking collapse of the first decade, of the twenty first century like a good deed in a naughty world by hanging on to much of its custom, practice and culture, when other banks were swapping their dull conservative garb for emperor’s new clothes. Chief amongst the traditions kept by HSBC was a miserly Scottish grip on capital. A lucky break for HSBC shareholders and a lucky break for UK tax payers. In the bankers’ gospel does it says: ‘blessed are they who employ sufficient capital for they shall inherit the earth’. And that is pretty much what we see in these results for the year to 31 December 2012.

8 March 2013, 19:00 | By Steve Moore |

Dialight plc – an enlightening growth story?

Dialight plc (DIA), a FTSE 250 constituent focused on solid state lighting technology for industrial application, traffic and obstruction signals and components for status indication and residual disconnect components for automotive and niche industrial application, last week announced results for the 2012 calendar year. These have helped the shares – up from only just over 100p late 2008 lows – further higher; from a 1,165p close prior to the results announcement to a current 1,300p. Capitalising the company at approaching £418 million, the following reviews the results and the value on offer here…

8 March 2013, 19:00 | By Steve Moore |

Invensys plc – attractive inventiveness and systems?

Invensys plc (ISYS) is a current FTSE 250 constituent and provider of market-leading software, systems and equipment that optimise operational performance for a broad range of industrial and commercial customers, rail operators and appliance manufacturers. It does so via three divisions – Operations Management, Rail and Controls. However, in November the company announced a proposed £1.742 billion disposal of its rail business to Siemens to create “a more focused industrial software, systems and control equipment group with a significant exposure to higher growth and higher margin segments and the resources to invest in them”. Following a further update from the company earlier this year, the following is my view…

8 March 2013, 01:07 | By Robert Sutherland Smith |

British American Tobacco: buy a dividend dream machine at 3521p.

Belonging to a generation of children who smoked Turf cigarettes on London bombed sites to collect the cards of famous film stars and whose culturally formative involvement with cigarettes was through the allure of films like the Maltese Falcon I start this review to camera – as they say.

7 March 2013, 20:22 | By Tom Winnifrith |

Domino's Pizza - should you follow Nigel Wray and sell?

I wrote positively towards the end of last month on then just released 2012 results from Domino's Pizza Group (DOM) – commenting that “as a core mid cap growth and income holding the company continues not to put a foot wrong and at 525p the shares remain undervalued”. However, a couple of days later the company announced significant share sales by non-executive Chairman, Stephen Hemsley, and non-executive director Nigel Wray. Despite this the shares are now 573p. So should you follow Hemsley and my old friend Wray and sell a few?

28 February 2013, 01:10 | By Robert Sutherland Smith |

Imperial Tobacco: An Outstanding Dividend Buy

As an arithmetically and financially attractive income share, Imperial  Toboacco (IMT) or “Imps” looks to be an outstanding buy at 2344p. Here is why. There are in fact two reasons – Imps is the object of two very distinct investing perspectives.

27 February 2013, 19:00 | By Steve Moore |

Halma plc – a safety-first investment?

Halma plc (HLMA), a FTSE 250 constituent and safety, health and environmental technology group – with products including fire detectors, access control sensors, medical devices and environmental analysis instruments – updated earlier this month that it “expects adjusted profit for the full year to be in line with market expectations” and that it has “maintained strong returns and achieved good cash generation, which provide us with the financial capacity for further acquisitions and investment”. However, this is another shares in which have risen strongly recently, as the FTSE 250 index has. With the shares up from March 2009 lows of 143.2p and 330.4p at the start of 2012, the following reviews whether value remains at the current 493p, which capitalises this company at £1.86 billion…

26 February 2013, 20:56 | By Tom Winnifrith |

Domino’s Pizza – Impressive 2012 Results and Growth on track

FTSE 250 listed Domino’s Pizza (DOM) has announced its results for the 53 weeks to 30th December 2012 and there were no great surprises – what news there was seemed to be positive. As a core mid cap growth and income holding the company continues not to put a foot wron and at 525p the shares remain undervalued.

26 February 2013, 20:54 | By Tom Winnifrith |

Redrow – another housebuilder reports good numbers but the shares are overvalued

Today it was the turn of FTSE 250 listed Redrow (RDW) to report its numbers for the 6 months to 31st December 2012 and while some of the numbers look good, some do not and there is a solid case to be made for selling this stock notwithstanding the sharp increase in earnings just reported.

26 February 2013, 19:00 | By Steve Moore |

AVEVA Group – are there further share price gains to be engineered?

AVEVA Group plc (AVV), a FTSE 250 engineering software provider, has, like its index, enjoyed a good recent re-rating – the shares up from 465p 2009 lows and 1,430p at the start of 2012 to a present 2,300p – this capitalising the company at a current £1.57 billion. After a trading update at the end of last month, the following asks whether there remains value on offer here…

26 February 2013, 01:11 | By Robert Sutherland Smith |

Vodafone: After 6 month underperformance a share worth buying

Vodafone (VOD) is at the cutting edge of the application of digital information technology which it supplies to a world of clamouring, fastidious consumer demand. The mobile phone is taking and increasing share of Internet communications business including data transmission, the latest commercial opportunity and phone company objective, from PC’s laptops and tablets. It is transformational; exciting stuff socially and economically.

25 February 2013, 20:57 | By Tom Winnifrith |

Buy Britvic at 425p with an eighteen month target of 519p

It has been an eventful month for FTSE 250 listed Britvic (BVIC) the producer of soft and fizzy drinks. On the upside the company served up a pretty decent trading statement on the 13th February. On the downside, a day later, its proposed takeover of AG Barr was derailed by a reference to the Competition Commission. Amid all the drama and excitement around St Valentine’s day there sits at the centre a solid growth story which is undervalued by the market. There is a decent capital gain to be enjoyed here for the patient investor with the added attraction of a 4.2% yield.

25 February 2013, 19:00 | By Steve Moore |

Oxford Instruments – making a noise in the nanotechnology space

Oxford Instruments (OXIG), a provider of high technology tools and systems for industry and research, was the first technology business to be spun out from Oxford University and is now a FTSE 250 constituent. It has become so as it has successfully innovated to become a leading provider of new generation tools and systems, with the shares having risen from little more than 100p in March 2009 to currently trade at 1,726p – capitalising the company at £982 million. Following a trading update earlier this month, the following reviews whether there remains value on offer here…

22 February 2013, 21:31 | By Tom Winnifrith |

Barratt Developments – a monumental bet on house prices defying historic norms – sell

FTSE 250 listed, Housebuilder Barratt Developments (BDEV) issued an upbeat trading statement on 16th January covering the six months to 31st December and there is little doubt that the results out next week will contain no nasty surprises. The company has a forward order book equivalent to around four months of sales and as such there is no reason to expect any great change in trading in the second half. Yet with house prices now on a multiple of average wages seem only once before in living memory ( 2007) and with the normal catalyst for a house price correction ( a rise in interest rates) surely only a matter of time the current rating looks untenable.

22 February 2013, 20:59 | By Tom Winnifrith |

Bovis – The Good News is More than Discounted – Sell

January was a good month for FTSE 250 listed housebuilder Bovis (BVS) – an upbeat trading statement on the 18th was followed by news on the 30th that it had extended its £150 million debt facility for three more years. Not that it needs to borrow as it has net cash. However the shares have enjoyed a terrific run, from 400p last June to 674.5p, which values the firm at £897 million and the good news is more than discounted.

22 February 2013, 16:02 | By Robert Sutherland Smith |

BA System’s 2012 results: be aware of crucial assumptions made

BAE Systems (BA.) the British aerospace and defence contractor  was the  subject of a pre-results assessment by myself last month which was not of the optimistic variety, produced its results for calendar 2012 on 21st February. It is to be congratulated on the speed at which it presented its numbers and on the optimistic presentation of the state of play. But my assessment is not changed and is, I think somewhat vindicated.

21 February 2013, 16:05 | By Robert Sutherland Smith |

Drax pleases the market, but is off the high dividend tariff

So that old fashioned (in scale) and very British (Yorkshire) non global business of supplying the 7% of the UK’s electricity has, as part of the price of converting half its highly efficient coal fired electricity generation capacity, to the generation of electric power from biomass - mainly imported, fast growing replaceable timber – is off the stock market's higher end dividend tariff. Before its results for last year to 31st December 2012, on a then share price of 609p, the published dividend yield for Drax (DRX) was 4.3%. That was then this is now.

25 March 2017, 12:10 | By Tom Winnifrith |

The March edition of the UK Investor Magazine is live - with why we fight fraud

The March edition of the UK Investor Show Magazine is live featuring 7 share tips, company profiles, interview with Richard Poulden of PCGE, why we fight fraud & fake news on Channel 4, Donald Trump, Marine Le Pen, a look at the banksters and much more.

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19 March 2017, 15:24 | By Tom Winnifrith |

Bulletin Board Moron of the Week Contest Sponsored by the FRAUD Cloudtag (again)

It has only just dawned on me that in exactly two weeks time, at 4.30 PM I shall be cracking open the ouzo to celebrate the fact that no Nomad on AIM is so desperate for cash and morally bankrupt that it will act for the fraud Cloudtag (CTAG). And there will thus be an RNS issued to say that it will be slung off the Casino. As that day looms, how will the Bulletin Board Morons spin that as good news? Happy hunting on Cloudtag threads - and others - as we ask you to nominate the most moronic BB posts or tweets in the comments section below. The deadline is midnight Sunday 19th March and, yes, Wildes our pet in-house loon - can nominate his own posts if he wishes.

21 March 2017, 14:26 | By Tom Winnifrith |

A One Off: Meet and talk 1-2-1 with Nigel Wray, the man dubbed Britain's Buffett only at UK Investor on April 1

Normally Nigel Wray turns up at UK Investor, talks and leaves. This year - our 15th anniversary party - is different. He will be there from start to finish and when not on stage that opens up a unique opportunity for those attending on April 1. For more than 40 years, Nigel , the man dubbed Britain's Buffett, has been a stockmarket legend for his ability to generate stellar returns not by wild gambling on mining punts or biotech start ups but by rigid value investing. Like the Original Buffett, the Sage of Omaha, Wray is a bottom up value investor who buys and holds. Would you like to know what he thinks is the cheapest share in London? Would you like a one to one chat with Nigel?

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19 March 2017, 10:26 | By Pizza Hardman Darren Atwater |

Notes from Underground: The Teddy Bears picnic

ShareProphets readership increases every week - we can tell because we're a registration site and if you unsubscribe, you are kicked off the site. We don't have a dead subscription list like other, lesser, sites.

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19 March 2017, 11:02 | By Tom Winnifrith, The Sheriff of AIM |

19 March 2017, 11:57 | By Cynical Bear |

Milestone Group: Shocking ramptastic RNS’s with just one purpose – placing anyone?

Tom and I have been pretty consistent in our criticism of lifestyle company, Milestone Group (MSG), and although it was touched upon in Friday’s Bearcast (HERE), I thought the ridiculous recent RNS’s required a bit more of a kicking. It is an appalling effort with one sole purpose, to try to seduce new mug punters into supporting this useless company.

20 March 2017, 08:18 | By Malcolm Stacey |

How the Weak Oil Price Threatens the Footsie's Perky Progress

Hello Share Twirlers. Though the Footsie has been striding ahead, it would have done far better if the oil price had behaved itself. We are not just talking oil shares, but the whole of the share economy. A weak oil price has a negative effect all round.

19 March 2017, 13:13 | By Tom Winnifrith |

Precious Metals Video Update: Short-Term Upside But How Much?

In this video Jordan Roy-Byrne of Palisade discusses the short-term upside potential in gold stocks and the key resistance levels. It would be a good sign for miners if they can test their February highs. Otherwise, the sector would remain in a trading range.

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19 March 2017, 13:14 | By Gary Newman |

Is it worth giving Chariot another chance?

Chariot Oil and Gas (CHAR) has begun to get my attention again recently as it has plenty going on operationally during the next year or so, and could well become a popular share to be in once again.

19 March 2017, 14:19 | By Nigel Somerville, the Deputy Sheriff of AIM |

Stuttard’s Septic Seven – March update (or is that down-date?)

Marcus Stuttard, as head of AIM, completely trusts and supports the regulatory framework of the world’s most successful growth market. As such, and ever keen to help, ShareProphets put together a beautifully diversified portfolio of AIM-listed stocks for him, so that he could demonstrate his faith in the system he oversees by investing in stocks which we have Red Flagged. How better than to put his money where his mouth is to show us that there is nothing wrong. Last time I revisited the portfolio it was down by some 23%. If that had Mr Stuttard feeling a bit queasy, he had better look away now….

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19 March 2017, 15:23 | By Tom Winnifrith |

Tom Winnifrith Bearcast - Theresa May forgets the wise words of Ronald Reagan at her peril

In today's podcast I look at Peak Club - the mad debt binge at Soho House and what it tells us about asset bubbles and more. Then I cover Theresa May's misguided proposals on executive pay before finally covering the latest boardroom antics at Bowleven (BLVN) , putting it up for sale.

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19 March 2017, 15:13 | By Nigel Somerville, the Deputy Sheriff of AIM |

Servision – AIM Rule 26 webpage almost a year out of date, and where is Cascade TR-1?

AIM-listed Servision (SEV) still looks to be a story too good to be true. With the company scraping by on boardroom emergency loans and running out of cash, along comes Cascade which agrees to pump in boat-loads of cash at more than 400% of the prevailing share price. We have been told that the first tranche of shares has now been issued (and, indeed, admitted to trading on the Casino), and the cash received. But we’ve not had a TR-1. And why is the company’s AIM Rule 26 major shareholdings web-page almost a year out of date?

19 March 2017, 15:20 | By Tom Winnifrith |

Jason Drummond's Gametech: Heading for administration but is it all what it seems?

Four days before Christmas I revealed that after Teathers Financial (TEA), the next venture of Jason Drummond, Gametech, was planning a listing on NEX Markets c/o London's worst financial adviser/Nomad Mr Roland "Fatty" Cornish. Wind forward and the Court filing below suggests that it is on the brink of bankruptcy. But is all it seems?

20 March 2017, 08:26 | By Gary Newman |

Zinc Media looks expensive based on latest financials

Small AIM outfit Zinc Media (ZIN) released its interim results last week and trumpeted that it is continuing to move in the right direction, but I would question whether the turnaround is happening fast enough to make the shares attractive.

20 March 2017, 08:27 | By Tom Winnifrith, The Sheriff of AIM |

Milestone Group – a lifestyle business for Deborah White: the hard data

I think Deborah White of Milestone Group (MSG) should be fired and then made to to a perp walk for her blatant breach of AIM rules with regard to non disclosure of price sensitive information. But there is another reason to hand Debs a p45 today...her stunning record of non delivery. It is worth chronicling just how bad it is.

20 March 2017, 11:14 | By Steve Moore |

CAP-XX – interims argue “excellent progress”, but financials look CrAP (XX)

Self-described “world leader in the design and manufacture of supercapacitors, which considerably extend the performance of batteries”, CAP-XX (CPX) has announced results including that it “has again made excellent progress over the six months to 31 December 2016 and beyond in building on and refining its strategy”. Sounds positive. What? The shares currently 16% lower, at 8.5p?!?…

20 March 2017, 09:52 | By Nigel Somerville, the Deputy Sheriff of AIM |

China FRAUD Aquatic Foods Q4 update: drowning in a sea of Red Flags

ShareProphets AIM-China Filthy Forty purveyor of all things fishy, Aquatic Foods (AFG), has updated on 2016 Q4 trading this morning. In a statement plastered with Red Flags it would appear that the company is nearing the final chapter of the China Norfolk playbook as we are warned that there has been a spot of bother getting cash out of China. Is it bye-bye to the dividend? 

25 March 2017, 12:10 | By Tom Winnifrith |

The March edition of the UK Investor Magazine is live - with why we fight fraud

The March edition of the UK Investor Show Magazine is live featuring 7 share tips, company profiles, interview with Richard Poulden of PCGE, why we fight fraud & fake news on Channel 4, Donald Trump, Marine Le Pen, a look at the banksters and much more.

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25 March 2017, 12:12 | By Tom Winnifrith |

Bulletin Board Moron of the Week Sponsored by London South East

Well this is a company that will sponsor any old crap and let's face it, 95% of Bulletin Board Morons post on the LSE Asylum. As the countdown to the fraud Cloudtag (CTAG) being booted off AIM next week accelerates you kind of sense which stock will be the focus of most entries. The competition rules are simple. Just nominate the daftest post on a BB or on twitter in the comments section below. Once again, our in-house semi-trained loon Wildes is allowed to nominate his own posts. The deadline for entries is midnight on Sunday 26th March. Post away!

24 March 2017, 08:07 | By Tom Winnifrith |

David Buik of Panmure - not sure if your tweet is shameful or just pointless

David Buik is one of those City grandees you are not allowed to criticise. It is like having a go at the late Queen Mum or beating baby seals to death. In that vein he sent out a wteet today which is wrong but I am not sure why exactly.

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23 March 2017, 14:29 | By Tom Winnifrith |

Tom Winnifrith Bearcast: Paternoster Resources why cheap could be incredibly expensive

I comment on the hopeless response of smug MPs and the established media to yesterday's terror attack on my own website in a podcast HERE. On the markets I look at expectations management at Next (NXT), at how we know or knew about the balance sheet at Toople (TOOP) covered HERE by Cynical Bear or Advanced Oncotherapy (AVO) heading for 0p and covered in detail by me earlier HERE. I look at Public Services Properties (PSPI ) and what its AIM casino departure says about RTOs and contingent liabilities - which reminds me again of New World Oil & Gas (NEW). Finally I have a detailed look at the strange world of Paternoster Resources (PRS), not a stock you have to own in any way. PS Cynical Bear is not me. Can you see any typos in his articles?

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24 March 2017, 15:37 | By Tom Winnifrith |

Tom Winnifrith Bearcast: You cannot finesse & trade fundamentals: ref Minoan & Wishbone

The Mrs (on maternity leave) is off galavanting somewhere. Eight days ahead of UK Investor, the busiest time of the year, I am babysitting. I am such a god damn frigging feminist. Anyhow I record this in terror lest Joshua wakes up. In today's podcast I explain why you cannot finesse a trade on a fundamental play and discuss Minoan (MIN) and Wishbone (WSBN) in that vein. I look at Digital Barriers (DGB) the latest triumph from Cloudtag (CTAG) moron in chief Liam Nichols. I discuss Tethys (RPL) which like Cloudtag is soon to leave the AIM Casino, Nyota (NYO) and London Capital (LCG).

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24 March 2017, 11:11 | By Tom Winnifrith, The Sheriff of AIM |

Management Resource Solutions holds gun to head of poor shareholders

When running Broken Hill Resources (BHR) into the ground Murray D'Almeida threatened shareholders to vote for a crap deal at a GM or face wipe-out. Despite the infamous hairdresser sham placing, shareholders voted against Murray and his colleagues on the "screw you - we hate you so much" principle. Now with D'Almeida pulling strings at Management Resource Solutions (MRS) as a consultant - to avoid GM eviction shame see HERE - the same threat is being used.

24 March 2017, 08:07 | By Tom Winnifrith & Darren Atwater |

Yet another Cloudtag Countdown clock - how long till the Fady Lady sings?

If no Nomad is prepared to act for the FRAUD Cloudtag (CTAG) then its shares, now suspended, will be booted off the AIM Casino. No AIM = no death spiral funding so it will - very soon - run out of, other people's cash, and will go bust. But the first step is being booted off AIM. And, inspired by liar Amit Ben Haim, we have a useful countdown clock until that ouzo moment. Enjoy.

25 March 2017, 12:13 | By Tom Winnifrith |

Tom Winnifrith: The Top short sellers, bears and fraudbusters all together on April 1 - don't miss out

You might hate bear raiders. You might think that short selling is unethical. But what you cannot argue with is that ignoring men such as Evil Knievil when they sniff out a fraud or accounting malpractice will cost you a packet. At last year's UK Investor Show the Country's top bears did a detailed presention on AIM darling Avanti Communications, one of the AIM companies most beloved by professional fund managers. Since that warning Avanti shares have collapsed by more than 90%. This year the bears have new targets.

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24 March 2017, 08:07 | By Malcolm Stacey |

How to Make Money on Full-Year Results - If You Dare

Hello Sharemates. As predicted on this glorious website some time ago, the share price of IQE (IQE) would fall on reporting day - and then recover. In the event when the figures were revealed on Tuesday, the shares fell by about 12%. This was not logical, as the results were rather perky, as I outlined at the time.

23 March 2017, 14:28 | By Tom Winnifrith |

Twitter Investment Genius Caption Contest

The fellow or lady from the Costa del Crime is yet to tweet but he (or she) has a cracking portfolio as you can see on his/her profile, headed up by the fraud Cloudatag (CTAG). In light of that I wonder if you would care to suggest a first tweet as our caption contest with a twist. Submit your entries in the comments section below. The deadline is midnight tonight, 23rd March

24 March 2017, 14:03 | By Steve Moore |

Flowgroup – energy supply business disposal & microCHP boiler production updates

Writing last month on Flowgroup (FLOW) I noted the shares down below 6p, having been 25p+ less than a year ago. Having fallen further, to sub 4p, they have currently recovered to 5p following a couple of recent announcements…

24 March 2017, 08:07 | By Tom Winnifrith, The Sheriff of AIM |

Gametech Beer & Popcorn time: Drummond vs Skelhorn, the latter bites back with a vengeance

The demise of Gametech PLC the next venture of Jason Drummond after the Teather's (TEA) debacle looks clear - so much for a stockmarket float care of London's worst Nomad Roland "Fatty" Cornish. We revealed the Gametech was heading for tits up town HERE last week. Now Mr Drummond's apparent arch enemy Richard Skelhorn has bitten back with an official statement relating to that article:

24 March 2017, 11:10 | By Steve Moore |

Digital Barriers – trading warning (you were warned). Timberrrrrr…

Shares in surveillance technology company Digital Barriers (DGB) are currently more than 17.5% lower, at 25.5p, on the back of a “Trading Update” announcement. Trading warning ahoy! You were warned

24 March 2017, 11:09 | By HotStockRockets |

ECR Minerals - New Aussie Gold license, things are starting to bubble

With funds replenished by the recent placing the new management team at ECR Minerals (ECR) is - as predicted - not hanging around. The shares are well up on our share tip  at a 1.7p offer, at 1.9p-2.05p. If you can get stock at 1.9p you should do so - our target to sell remains 2.5p+ and we expect to be there soon. The newsflow is only just starting.

23 March 2017, 14:25 | By Steve Moore |

Solid State – full-year trading update, what does “broadly in line” mean here?

Specialist electronic equipment manufacturer and components distributor Solid State (SOLI) has made a “Trading Update” announcement – and the following reviews with the shares currently more than 10% lower, at around 450p, in response…

25 March 2017, 10:43 | By Tom Winnifrith |

Shore Cap on Amryt at 18.5p - target price increased from 35p to 88p!

Shore cap is House broker to Amryt Pharma (AMYT) so everything it writes cannot be said to be any way shape or form impartial. And since we own a shed load of the shares we are biased as hell too. Having said that this note is detailed and lifting the target price from 35p to 88p in light of recent news is pretty dramatic given that the shares were 18.5p on Friday when this "most excellent" research note came out.

25 March 2017, 12:07 | By Tom Winnifrith, The Sheriff of AIM |

Crown Ocean slams the management of Bowleven - makes very serious allegations

I have just noted that my old pal "thirsty" David Bick is doing the PR for hedge fund Crown Ocean in its battle to oust the shamed, discredited and unwanted board and management at Bowleven (BLVN). If you are in a scrap with utter scumbags having Bick on your side is no bad thing as he is the king of this form of trench warfare, gutter warfare. Team Crown issued a statement on Friday which is damning. You will remember that the management of Bowleven is still in place despite shareholders voting most of the bastards off the board and now they are trying to flog the company. Crown - quite correctly - smells a monstrous rat. It states:

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