One of the unique aspects of Shareprophets is the depth of research which goes into every article. As part of this research it emerged that Ocado’s older counterpart Meals On Wheels is also a non profit making organisation.
Although winning awards can be the kiss of death for even the best of businesses, so far The Chief Executive Officer and founder of oil and gas engineering group Plexus Holdings being awarded Entrepreneur of the Year has not had a detrimental effect on the company.
The present situation at Gold miner Centamin reminds us of the pitfalls of attempting to call time on a downtrend, and how if you need to ask, it is probably not over.
One quarter’s results, usually gives an indication and little more about a company’s progress in a particular year; particularly a company as large, complex and international as BP (BP.). But these are not usual times by any definition, so far as BP is concerned. The accounting is complex; the headline figures dominated by a massive exceptional item.
The Legal & General (LGEN) share price is at the top of its game and the top of its trend pathway. It has risen 55% over a year in which the FTSE100 rose by only 16%. That gives scope for the share price to fall back again on profit taking.
Kryso Resources (KYS), the Tajikistan-focused gold development and exploration company, has announced proposals to establish a new holding company incorporated in the Cayman Islands (with each existing share in the company being replaced by one in the new company) and that “it is anticipated that the company will, in due course, seek to de-list from AIM and list on the Stock Exchange of Hong Kong.
While many Bulletin Board favourities have the reliability of a cheap deodorant, Leyshon Resources seems to be the exception that proves the rule.
While it may be argued successfully that the daily share price chart of Solo Oil is not one which at first glance may rev people up to pile in on the long side, it may be the case that the Tanzania focused resources group is enough of a slow burn technical contender to offer adventurous traders a punt which could double over the next 3-4 months.
AIM, Canada and Peru-listed Latin America focused gold miner Minera IRL (MIRL) has announced exploration results from three gold vein systems in Patagonia, Argentina.
Having done a “Michael Fish” over there likely to be no meltdown at Quindell Portfolio earlier today (feel free to Google him), there will be no prisoners taken as far as the downside is concerned at struggling stocks. Example 1 is Magnolia Petroleum.
Investors in Gulf Keystone (GKP) are on tenterhooks right now awaiting the outcome of a court case bought about by a small outfit named Excalibur which is claiming that Gulf owes it a chunk of its assets.
I offer no comment on this weekly feature it is a simple matter of observation.
Watch this very detailed presentation by Kryso Resources.
I am grateful to a fellow on Twitter for flagging up yet another horrific lie from US Oil & Gas, this time from April 19th 2012.
Having called Bowleven up from 65p to 100p plus at the beginning of the year, no one could accuse me of not being a fan of the stock.
I revealed some weeks ago how AIM Cesspit listed oil company Sefton Resources (SER) had instigated a smear campaign against its two principal critics, myself and Daniel Levi (aka Brokerman Dan).
I am slightly miffed that Quindell Portfolio has given a charting sell on an exhaustion gap fill end of day close basis – one that delivers bearish news for technical traders, but not the end of the world scenario my fundamentals based friends are warning of.
Another day and more documents emerge. Among the absolute classics is an email from Brian McDonnel (the hapless CEO) to a shareholder demanding that the shareholder cease ringing contractors and officials in Nevada to discover things about life in Hot Creek. Brian says that it is illegal for shareholders to do such due diligence. What piffle.
That is not to say that the IT staffing and services group is set to become a printer but there is a parallel as I shall describe below and it is a reason to buy Parity (PTY) now at 43p.
Bear raider Evil Knievil and I chatted tonight and he is in celebratory mood following the post results meltdown in the share price of AIM Cesspit listed Quindell Portfolio (QPP).
The April edition of the UK Investor Show Magazine is live featuring Metal Tiger, BMR, Harley Investments, Action Hotels and much more.
Making money from shares is simple. Well it should be. Buy cheap. Hold. Hold. Hold. Hold, and finally sell when the shares have delivered you big gains. Where so many folks go wrong is getting impatient and not being prepared to hold, hold, hold. Let us tell you about Symphony Environmental (SYM) which we tipped at a 6.75p offer just over three years ago. It did nothing for ages....
This week's contest is graciously sponsored by African Potash, AIM, NEX, Chris Cleverly vehicle that is bound to hit the stratosphere.*
Before I call it a day I want to see the victims of the African Potash (AFPO) fraud get some of their money back, even if some of those victims were fairly beastly to me as I exposed the fraud. Friday's bombshell from Potash shows the game is up but the big frauds happened before this worthless enterprise was booted off AIM. To that end I have been working to help put together a legal action. That action is now almost underway and Peter Petyt, the man running things, wrote to more than 50 victims who have come forward at the weekend. If you lost money and want to try to get it back it is not too late to contact Peter. His letter & contact details follow.
In this video from the storming success that was the 2017 UK Investor Show, Paul Scott finds Nigel Wray's and Paul Mumford's investment strategies. And make sure that you keep April 21 2018 free for next year's UK Investor Show.
Artificial political constructs never last. The EU is great for the “elites” in Brussels; not so much for the average citizen and the tragedy of monetary union is that Europe's political class has gone to extreme lengths to hold the euro together regardless of underlying economic logic. But this has only perpetuated and exacerbated the coming political crisis. "Monetary union has created a conflict between a centralised elite on the one hand, and the forces of democracy at the national level on the other. This is extraordinarily dangerous,” Mervyn King wrote in his recent book 'The End of Alchemy'.
As I flagged up over the weekend, in a desperate attempt to keep the fraud from becoming insolvent, African Potash (AFPO) has proposed a RTO of a company called Onshore Energy Limited, OEL. Lyin' Chris Cleverley Potash's boss is also a director and shareholder on OEL. But it gets worse. Much worse.
I previously wrote on WANdisco (WAND) in January – ‘one quarter does not an investment make, but offers some encouragement for shareholders’. The following updates with the shares currently on the rise on the back of a “Significant customer win and Q1 update” announcement…
Yesterday we wandered through the first page of search results on the OpenCorporates.com website to look at the record of AIM-listed Advanced Oncotherapy (AVO) Executive Chairman Dr Michael Jeffrey Sinclair. There are rather a lot – here comes page 2.
Stanley Gibbons (SGI) has announced it “has sold one of the rarest pieces of Indian Philately to a private collector-investor in Australia for £500,000, the highest price ever paid for a single Indian philatelic item”.
ShareProphets AIM-China Filthy Forty play Taihua (TAIH) announced last Friday that the EGM called to approve the company’s proposed delisting from the AIM Casino had passed the proposals with the requisite majority. The shares are expected to depart the world’s most successful (but perhaps not for Taihua) growth market first thing on 8 May. In the wake of the announcement – at 4.15pm last Friday, bordering on no-one-is-watching o’clock - the shares again nose-dived, registering a new low of 0.1p on the bid yesterday, but all of a sudden the stock is on the rampage this morning. What is going on?
AIM-listed Advanced Oncotherapy (AVO) – teetering on the brink of having to call an EGM to reduce its nominal share capital under the terms of its death-spiral funding package with Bracknor – has announced yet another director share purchase, the fourth just this month (if we ignore the botched 7am RNS of 4 April). As ever, this is just a spoof in order to encourage more buying in the market so as to allow Bracknor to offload more of its death-spiral conversion shares as Advanced hopes and prays for the next £1.235 million tranche of funding before the coffers run dry.
On 12 April 2017, the fraud that is African Potash (AFPO) announced a change of auditors from RSM UK Audit LLP to PKF Littlejohn LLP. One can understand why RSM UK Audit LLP might be keen to cease its relationship with a company with the frankly appalling track record of African Potash but how desperate does PKF Littlejohn LLP look in taking on African Potash as an audit client?
The COT report reveals the large paper short and long positions in silver. Currently it appears to be indicating a small downtrend in the silver market. In this week's Palisade podcast David Morgan discusses how silver markets move and how they can be pushed to the downside once investors run low on cash, as banks will short the market at opportune moments.
Goals Soccer Centres (GOAL) has admitted “preliminary discussions” with key rival Powerleague on “combining the two businesses”, though emphasises that is “but one of the strategic opportunities currently being assessed by the Goals board”…
An announcement from Blancco Technology Group (BLTG) entitled “Q3 Trading Update, Cash Flow Review and Funding”. Hmmm, I’d guess it ain’t gonna be positive…
Truly, there are no winners from the pool of Bulletin Board morons, only those who succeed in making our eyes roll the furthest.
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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