The chaps behind Fastnet Oil & Gas (FAST) were behind Cove Energy (COV) – one of the few AIM listed oil juniors to deliver mega gains for shareholders. Commissioned researcher Edison today suggests that Fastnet will follow the same path. It has initiated its coverage of the stock at 18.75p and set a target price of 41p.
AIM Listed Gulf Keystone (GKP) picked a fight with its instititutional investors over corporate governance and has lost. In light of its earlier statements a climbdown today by the board is, for them, an abject humiliation.
I flagged last week that even before it starts building its proposed mine, Sirius Minerals (SXX) is going to have to raise fresh equity just to keep going. Given the material uncertainties that now exist one wonders at what price the cash call will be. The shares are now 18.5p but the longer it waits the harder this is going to be. What price a cash call now? 15p? 12p?
You can read my piece of last week here
But things seem to be getting worse.
Filmed in Greece, Tom Winnifrith discusses the charitable and uncharitable reasons why shares fall ahead of share placings on the AIM Cesspit and on the Main market.
Cupid (CUP) has announced that it has sold its casual dating (i.e. casual sex) sites for £43.1 million. Paid for researchers Edison have published a note giving this the full spin. But watch out. All is not as it seems.
Demographics will be the economic death of Europe but for countries such as Greece – where I am now – the maths are just horrific. You think that poor Hellas has problems now? Wait twenty years.
This article came out the other day from the team of Eric Sprott, the legendary precious metals fund manager. There is a clear disconnect between physical and paper gold markets and that is why, I find, this piece so interesting....
Whereas shares in larger sector peers such as Robert Walters (see HERE), SThree (see HERE) and Michael Page International (see HERE) trade on buoyant ratings, those of AIM-listed staffer Empresaria plc (EMR) have been somewhat depressed in recent months...
Following my previous update in May, AIM-listed, Kyrgyz Republic-focused, gold exploration and development company Chaarat Gold (CGH) has made a results announcement and notified of a £26,520 purchase of shares in the company at 9.75p each by Finance Director Linda Naylor. However, the shares have subsequently fallen further to currently trade down at 8.5p, capitalising the company at £21.3 million...
AIM-listed, predominately UK and Europe printing company, Printing.com (PDC) has updated that “post the last market update, trading across the group continues to be broadly in line with expectations”. I last updated that the apparent value here looked highly speculative, does this now still remain the case? ...
Ellerton vs Dillabaugh is a fascinating case. Jim Ellerton borrowed $400,000 from Gary Dillabaugh, a Colorado dentist who also seems to have been Company Secretary for Sefton Resources (SER). Ellerton refused to repay the loan. I described the other day how this went to Court and what the state of play is today.
There are delays and more delays in North Yorkshire for AIM Cesspit listed Sirius Minerals (SXX). The company says that it has £10 million cash left but if there is no planning approval until 2014 it is only a matter of time before the hat is passed around again and at what price will that be?
Back in April I closed a bear trade at a loss in Tanfield (TAN). I figured in March that it had run out of money and that it was unlikely to raise funds at anything other than a massive discount to the share price of around 20p.
To my surprise brokers WH Ireland found some institutions dumb enough to pay 20p to raise £2.1 million for the company and the shares went well north of that on a relief rally.
They have now crashed below the placing price, never a good sign in my experience and I have reopened a short position at 18p.
AIM-listed specialist foundry and engineering group, Chamberlin plc (CMH) has announced the first half of its year to end March 2014 has to date “been tough” and that it expects to “deliver pre-tax profits materially below current market forecasts for the full year”...
AIM-listed customer engagement software provider Netcall (NET) – whose customers include more than 65% of the NHS Acute Health Trusts, major telecoms operators such as BT and Cable & Wireless and the likes of Lloyds TSB, Odeon, Orange, Prudential and Thames Water – has announced it performed well in the second half of its year ended 30th June “and the board anticipates full year results will show a significant increase in both revenue and adjusted EBITDA, with the latter being comfortably in line with market expectations”. However, is the share price now up with events? ...
Our own Doc Holiday quizzes James Parsons the CEO of AIM listed Sound Oil (SOU)
I am staying in a Greek village where tomorrow I learn how to milk goats. There is no internet. But I have a phone and today I received a call from Gary Dillabaugh, the former company secretary of AIM Cesspit listed Sefton Resources (SER) which exposes Sefton boss Jim Ellerton as a chancer and a rogue.
AIM-listed research and marketing group Cello (CLL) has expressed confidence “that trading for the first six months will be well ahead of the same period in 2012 and that current full year expectations will be met”. This is as the company’s pharmaceutical and healthcare business has continued to grow and its business focused on consumer-facing clients “has returned to strong revenue growth and a solid recovery of margins, as expected”...
Telecom Plus (TEP) - which trades as the Utility Warehouse - the UK's only integrated provider of a wide range of utility services spanning both the communications and energy markets, has updated that “the momentum which was building in the business during the previous quarter has continued over the past three months, with an encouraging increase in numbers across all our core services…
AIM-listed mobile marketing and entertainment provider InternetQ (INTQ) has announced it has completed the, as expected (see HERE) “c.£5 million”, acquisition of Atlas Interactive Deutschland GmbH...
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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