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Latest News

0R22

Looking for a Gold Play as Most Shares Underperform? Consider this Glittering Giant

Hello, Share Pinchers. At last, the gold price is rising. Though that sometimes spells doom for our non-gold related shares, as the rush to buy yellow can be sparked by a doddering general stock market. But which gold-centred company to buy?

Bearcast
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Tom Winnifrith Bearcast: Diversified Gas & Oil just smells all wrong

In today's bearcast I look at shitty little gold plays like Conroy (CGNR) and Condor (CNR) at their relationship to the gold price. I cover Burford (BUR) noting today's interventions from two giants of the investment world: Carson Block of Muddy Waters and Roger Lawson of ShareSoc. I look at Providence Resources (PVR) a comedy set to end in tears, at Diversified Gas & Oil (DGOC) a tragedy set to end in tears and also at Neil Woodford and that Cenkos (CNKS) profits warning.

STAR

Starcom – interims, “confident” H2 “will show an improvement over the second half of 2018”… but what will even that mean?

Remote wireless technology company Starcom (STAR) has announced results for the first half of 2019 including “initial orders for the new Lokies smart padlock are encouraging and we have high expectations for this new product” and that it “is confident that the full year results will be in line with current market expectations in terms of revenue growth and that the company will achieve a positive EBITDA result for the year”. The shares have responded… further lower, to 1.1p…

WOSG
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Still calling time on Watches of Switzerland

A month or so ago I wrote about Watches of Switzerland (WOSG), observing that 'if I owned shares in this one, I would be calling time on them'. Admittedly, that was a terrible witticism but you get the general investment view. If you plan on offering a premium product then you have to accept the fluctuations of the cycle…

Tom
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FREE Podcast: ShareProphets Radio Edition FOUR with Tom Winnifrith (and the king of the fraudsters)

In this fourth edition of the ShareProphets Radio podcast sponsored by Riverfort Global Capital, this week, in order I discuss bad convertible loan/death spiral funding looking at the recent RNS from Kefi (KEFI), I interview David Bramhill of Union Jack Oil (UJO) and then bring you part one of two part interview with the greatest living and funniest fraudster Sam Antar of Crazy Eddie's infamy. Enjoy. If you like this and can't wait seven days for more of the same you should listen to my Bearcast every day.

TRT

Transense Technologies – Bridgestone collaboration agreement ‘delight’. Hmmm…

Shares in sensor systems company Transense Technologies (TRT) are currently more than 15% higher, above 70p, on the back of a “Joint Collaboration Agreement with Bridgestone” announcement…

BUR

Matt Earl Tweet, who is a very funny bear then?

Just to show that bears can tell jokes, here's a Burford (BUR) tweet from Matt Earl. the Dark Destroyer.

CNKS
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Cenkos Securities – an intra-day “Directorate Change & Trading Update”. Uh oh…

Shares in stockbroker Cenkos Securities (CNKS) are currently up to around 40p, though down from more than 46p at the end of last week. This following a Monday intra-day (3:02pm) “Directorate Change & Trading Update”

Gold
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Gold – rushing ever higher but Jordan Roy-Byrne seems to be getting nervous in the very short term, and what I will do

ShareProphets favourite technical analyst Jordan Roy-Byrne has been a bit of a hero over the last few months, correctly calling the gold price higher and higher. But he seems to be getting a little nervous as the yellow metal continues its surge towards $1550 per ounce...

BUR
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Carson Block & Muddy Waters hit back at Burford - the rebuttal of the rebuttal appears compelling (and we publish in full)

Bear raider Carson Block and his Muddy Waters outfit have hit back hard at the Burford (BUR) rebuttal of his original dossier. Carsons says allegations of market abuse are a smear and part of the nornmal target company playbook and he'd be delighted to assist the FCA. On the substantive points in the original dossier Carson says the Burford rebuttals don't wash. This is a very good response by Block and appears pretty compelling to me. The full rebuttal of the rebuttal is below:

Collapsing-Reactor
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Redemptions Watch: Neil Woodford funds all drop

Another mucky day on the markets saw all of Neil Woodford’s motley crew reporting losses. But whilst the FTSE100 dropped 0.4%, Woodford Equity Income (WEIF) lost 0.47% in NAV per unit and his Income Focus Fund (WIFF) shed 0.55%. It seems that outperformance is the order of the day, although not the outperformance his poor investors were hoping for...

TLW

Follow the Fellow Who Follows Tullow Following an Exciting Find

Hello Share Punters. From time to time, I’ve opined that Tullow Oil (TLW) has perhaps been treated too harshly by the city. But then almost all but the biggest oilers have been tainted by the big oil crash of 5 or 6 years ago. At one stage, I was up about 300% on my long-standing Tullow holding, but after the crash I was back to par. And the shares haven't done much better since. Never mind, things are bucking up as it's just announced a very positive result for a major exploration in Guyana. Well, just off its coast, actually...

EVE
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Woodford Dog Eve Sleep announces RTO talks with rival Simba – but would you Adam and Eve it, has it got the RNS wrong?

Neil Woodford’s revolutionary bed project at AIM-listed Eve Sleep (EVE) took an unusual turn as the company announced this morning that it is in very early stage discussions regarding the potential merger of Simba Ltd, ("Simba"). I’m confused – I thought the company was called “Simba Sleep Limited”. Some people might see this as a triumph for Neil Woodford, but I think very differently...

MPAY

Mi-Pay – “Trading and client update” = Trading and likely loss of significant client warnings

Self-styled “leading provider of outsourced digital transformation and mobile payment solutions” Mi-Pay Group (MPAY) has updated including “trading for the first half of 2019 was broadly in line with management's expectations… two major contracts were renewed with clients representing 43% of the 2018 revenue during the period and strong operational metrics were delivered”… The shares are currently approaching 20% lower, below 8p. Hmmm…

ECO
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I will definitely be banking at least some profit on Eco Atlantic after a great first drill

Taking risks on exploration drills is generally a mugs game and a good way to lose money quickly, but just very so often if you choose carefully, it can really pay off. That was definitely the case with Eco Atlantic Oil and Gas (ECO) this morning when it announced a “major oil discovery” at the Orinduik block in offshore Guyana, when the Jethro-1 drill found 55 meters of net high quality oil pay in the lower tertiary sandstones...

Bearcast
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Tom Winnifrith Bearcast: the PR bird for Seedr tries to bully the wrong sort of journalist into printing falsehoods

In today's (long) bearcast I look at Burford (BUR) asking questions of bulls and bears, at Thomas Cook (TCG), surely a slam dunk short at 8p, at Cabot Energy (TOAST), ADM Energy (ADME) and finally at Seedrs where the PR bird is trying to bully me into publishing a falsehood. She is picking on the wrong man. maybe she confuses me with the spineless financial illiterates and PR cocksuckers at the deadwood press?

GDP
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Goldplat – mixed quarterly update but clear improvement potential

Goldplat (GDP) has updated including “we delivered continued profitable production in South Africa during the quarter and achieved substantial savings by putting Kilimapesa under care and maintenance. In the next quarter we aim to accelerate the progress of growing the greater West African market”

MNO

Maestrano – another intra-day “Trading Update”, not again surely!...

Previously writing on Maestrano Group (MNO), in May it was intra-day (10:36am) “Trading Update”… having listed less than a year ago, not again surely!.... Now another intra-day (9:40am) such update… not again surely!...

Timebomb

How do negative interest rates work?... (badly)

It’s incredible that investors in ultra-long bonds (100 years) are desperately chasing such short-term returns! But that’s the world we inhabit for now – short-term is everything, while we neglect the long-term...

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