Read this and appreciate how the political classes of the West are to a man (or woman) lying to you. They tinker, they pontificate but they are racking up liabilities which they know cannot be met. The unfunded future liabilities of the British, French, US Governments mean that they are all technically bust.
Today shareprophets speaks to Matt Lofgran about the highs and lows of running a small cap oil and gas company – namely AIM listed Nostra Terra Oil & Gas (NTOG)
As we all try to navigate the daily, weekly and monthly outfall of a bear market many private investors seemingly overlook actual value preferring to speculate wildly on companies with no real asset backing. Instead why not look at a real company: Miner, Kazakhmys (KAZ) is a buy at 271p and is worth 400p a share.
Following June released interim results AIM-listed software and information management and services company IDOX plc (IDOX) announced last month that it had completed the (initial £0.3 million and up to £0.6 million) disposal of its non-core recruitment business, TFPL Ltd, and that Chairman Martin Brooks had purchased £24,934 of shares in the company at 36.4p each – taking his shareholding to 7,970,027 shares (2.29%). Following a previous piece on the company on this website – see HERE – the following updates…
FTSE-250 leading-edge LED technology utilising producer of lighting fixtures for hazardous locations, obstruction lighting, traffic and rail signalling and general industrial application, Dialight plc (DIA) has announced a maiden, initially “just less than $1 million”, order for its new Cellphone Tower Remote Monitoring and Lighting system “from a major operator in North America”. Post my review of the company’s interim results last month (see HERE), the following updates…
Kenmare Resources (KMR) has served up a trading statement which for one shows more steps forward than back. But it is hardly impressive. At least it has managed to persuade the banks to extend debt repayment terms. But ilmenite prices remain soft. The uber excellent mining analyst Roger Bade of Whitman Howard writes:
Sefton Resources (SER) which is suing me for libel has got no money and is burning cash. It is therefore must do to an equity placing or death spiral drawdown pronto to survive and so has put out its second RNS in two weeks which is not only a ramp but a piss poor ramp to boot. Focus on: how it spins falling output how it announces the same thing twice and how it spins the fact that yet again it cannot publish Comical Ali’s steam flooding report. And remember this is a ramp ahead of a placing which will have to be at a big discount to the current share price.
Some of the Bulletin Board loons seems to have expected me to be in prison or bankrupted by this afternoon after round 1 of Sefton vs. Tom Winnifrith in the High Court. Oddly there were three policeman waiting outside the chambers of Master Kay when we emerged but they were not looking for me. But I am sorry to disappoint the loons…this case is not going to be settled, if indeed Sefton is still around, until 2014.
Three weeks ago Tom Winnifrith asked “Goldstone (GRL) drilling results; can it really say this?” At the time Goldstone released less than impressive drill results together with some, how shall I put this.... errr.... “bullish” statements. Fast forward to Friday and, yep you guessed it, Goldstone tapped the market for a heavily discounted placement, 30% lower than the closing price of July 5th.
GKN (GKN) yesterday produced its first half profits numbers to June 30the. The shares were tipped here at 325p (now 354p, last seen) so where next other than crates of champagne to RSS Towers?
Yesterday’s interim results announcement from Domino’s Pizza Group (DOM) has drawn significant broker comment and some comments on the likely impact on forecasts. The following summarises what the experts say. My own thoughts and very witty headline are HERE
CEO Matt Lofgran presents at the UK Investor Show.
Invensys plc (ISYS), the FTSE-250 software, industrial automation and energy controls company whose shares, at 366p, I concluded on back in March looked to be a solid large-cap investment proposition with potential future takeover upside (see HERE) has today announced it is recommending a total 502p per share offer (372p in cash and 0.025955 shares) from France-headquartered multinational Schneider Electric. So should you sell in the market now?
The U.S. Comex gold futures rose 0.52 percent on Monday before declining 0.33 percent to end at $1,324 on Tuesday, the day before the FOMC meeting. Year-to-date, the gold futures dropped almost 21 percent although the prices jumped 8.2 percent in July.
Jim Ellerton of Sefton Resources still owes former Sefton Company Secretary Gary Dillabaugh $600,000 from a court case more than two years ago. It is Jim's defence in that case that will, IMHO, sink him but this is a story that is only just getting going. The powder keg is under Sefton it is just a matter of when I choose to light the fuse.
Following its results yesterday broker Cenkos has increased its earnings forecasts for Plexus (POS) and reiterated its buy stance at 223.5p with a new target of 270p.
Shares in Domino's Pizza Group plc (DOM) trade more than 5% lower, at 568p today, following the company reporting a pre-tax profit of £11.56 million for its half year ended 30th June 2013, this down from a comparative prior year £21.50 million. The problem is Germany.
XP Power (XPP) recently reported a 5% y-o-y revenue growth for the first half of calendar 2013. According to commissioned researcher Edison this demonstrated its ability to gain share in a tepid market. The researcher reckons the shares, now 1325p, are worth 1627p. It notes that…
‘Helloo Balloo’ - to misquote Edward Lear I think - we have landed back in the future! It is Beethoven’s Ode to Joy combined with The Handel’s Hallelujah Chorus and George Formby. An old normality and market convention has been restored to us in Barclay’s Bank (BARC) rights issue; that is to say institutional shareholders providing banking capital again - something that was scarcely thinkable a year ago!
I reviewed AIM-listed global project management and technical consultancy, WYG plc (WYG) last month following its publication of results for its year ended 31st March 2013 – see HERE. The following updates, with the company having today announced more than £10 million of new contracts in Southern Africa won in the current financial year…
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.
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.
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.
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.
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.
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.
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.
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.
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?
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…
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....
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.
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.
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.
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:
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.
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?
Together Robert Sutherland Smith and Tom Winnifrith have now been working in finance for 71 years - the last ten or so together. Tom wishes to stress that RSS accounts for most of that, the great value investor starting his City career at the Unilever Pension Fund the year before Tom was born. In this book they outline 71 tricks of the trade for making money from shares.
Get the first ShareProphets Pocket Guide ebook, EIS - Buying shares with numerous tax breaks. Want to cut your income tax bill, get loss relief if your AIM listed shares go down, pay no CGT, avoid IHT - EIS could be the way and this book explains how.
Most investment books seem to be large enough to keep the front door open and while some contain gems it is hard to find them amid the verbiage. The aim here is to produce a short guide which simply cuts to the chase. I hope that it will provide food for thought for everyone from beginner to expert but whoever you are it should be quick and easy to read and digest.
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