ShareProphets

Wednesday 26 April 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


13 April 2017, 09:00 | By HotStockRockets |

Amryt - NED buys, shares surge, hold on...

Shares in Amryt Pharma (AMYT) have surged to 26p-26.5p so we are well up on the share tip price (18.4p offer) and within spitting distance of the 28p+ to sell target. But hang on tight pro tem...

13 April 2017, 08:51 | By HotStockRockets |

Photo Update: Union Jack Oil - Wressle news unlikely to please the naked protestors

Union Jack Oil (UJO) has noted an “Appeal & New Planning Application” announcement on the Wressle oil field (Union Jack: 15%, including 3.33% subject to approval from the Oil and Gas Authority) from operator Egdon Resources (EDR).

13 April 2017, 08:51 | By Pizza Hardman Darren Atwater |

Video: Louis Coetzee, CEO of Kibo Mining, speaks at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Louis Coetzee, CEO of Kibo Mining (KIBO), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

13 April 2017, 08:27 | By Nigel Somerville, the Deputy Sheriff of AIM |

Rurelec – bad news from Argentina released 12 days after the fact

Yesterday afternoon AIM-listed, cash-crisis-hit Rurelec (RUR) announced that storm damage had hit its 50%-owned outfit in Argentina, Energia del Sur, resulting in a fire in a power switch which looks to have knocked out its 136 MW CCGT power plant in Southern Patagonia. But the storm was on 31 March: why did it take until 12 April to ‘fess up?

13 April 2017, 07:55 | By Pizza Hardman Darren Atwater |

Video: Roderick McIllree, CEO of Bluejay Mining, speaks at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Roderick McIllree, CEO of Bluejay Mining (JAY), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

13 April 2017, 07:50 | By Malcolm Stacey |

No Monkey Business with this Ethical Oil Company

Hello Share Mulchers. Anyone fancy investing in palm oil? I thought not. It can get a jaundiced press for the effect it can have on gorillas and other animals that rely on palms. But it’s the general criticism that might lead you to research DekelOil (DKL).

12 April 2017, 15:27 | By Nigel Somerville |

Frontera - battle lines drawn as JubCap and Waseem Shakoor stick in the knife

It seems that despite bears not being universally popular, I'm not the only one who thinks that AIM-listed Frontera (FRR) is an out and out bargepole stock. In the wake of yesterday's ramparoonie (oops) highly informative RNS, the Twitterspere has seen a few comments - not least of which from Waseem Shakoor and investment house Jub Capital - sticking the knife in.

12 April 2017, 15:19 | By Steve Moore |

Hayward Tyler – reports “continued good progress”, what about the February profit warning?

Hayward Tyler (HAYT) has announced £3.7 million of new order wins, emphasising these “in addition to those already announced in March as evidence of our ability to convert our strong pipeline into order intake”. Hmmm, this follows a profit warning as recently as 20th February though…

12 April 2017, 15:10 | By Darren Atwater |

Video: Paul Johnson, CEO of Metal NRG, speaks at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Paul Johnson, CEO of Metal NRG (NEX: MNRG), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

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12 April 2017, 13:00 | By Steve Moore |

Sepura – kudos to Cynical Bear, proposed takeover of the company faces a ‘Public Interest’ review

Kudos to Cynical Bear’s questioning whether a “Competition approvals” RNS last month from Sepura (SEPU) was really about competition approvals – it has now been announced that the Competition and Markets Authority is “to consider whether a public interest consideration is relevant to the acquisition as a result of Sepura's commercial arrangements with UK government entities”

12 April 2017, 10:40 | By Darren Atwater |

Video: Gotcha! Tom Winnifrith and Evil Knievil's 30 years of lawyer's letters and fighting fraud

In this video from the storming success that was the 2017 UK Investor Show, Tom Winnifrith and Evil Knievil discuss 30 years of lawyer's letters and fighting fraud. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

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12 April 2017, 10:39 | By Steve Moore & Tom Winnifrith |

Pump & Dump the Numis way - ref Pan African Resources

It is not just unrepentant former armed bank robbers who engaged in pump and dump. Even the "most respectable" City Nomads and brokers are, it seems, at it. Welcome to 24 hours in the world of Numis.

12 April 2017, 09:54 | By Darren Atwater |

Video: Vassilios Carellas, CEO of Ortac Resources, speaks at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Vassilios Carellas, CEO of Ortac Resources (OTC), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

12 April 2017, 09:33 | By Nigel Somerville, the Deputy Sheriff of AIM |

Frontera – ShareProphets RNS Translation Service as the shares are ramped

Readers will know that I'm far from convinced at the buy case for AIM-listed Frontera (FRR), shares in which have again been on the rampage after what looks like a rampety-ramp RNS yesterday. The ShareProphets RNS Translation Service thought it should chip in...

12 April 2017, 09:33 | By Darren Atwater |

Video: Ivor Jones, CEO of ECR Minerals, speaks at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Ivor Jones, executive director of ECR Minerals (ECR), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

12 April 2017, 08:22 | By Steve Moore |

Fitbug – shares up on another RNS Reach announcement, but complete ramparoonies now limited?

In a “non-regulatory RNS Reach communication”, Fitbug (FITB) “is pleased to announce a customer renewal for wellbeing services with a large financial institution”. Wow, a renewal hey – this following recently announced 2016 results showing a more than £3 million net cash outflow before new financing on reduced revenue of £1.1 million

12 April 2017, 08:22 | By Darren Atwater |

Video: Dragon's Den #1, featuring Sula, Symphony Environmental, Asiamet, Bluebird Merchant Ventures with Nigel Wray, at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, in the 'Dragon's Den' companies have a 60 second pitch to Britain's Buffett Nigel Wray, Tom Winnifrith and Steve Moore for three £1,000 investments. Up first are Sula Gold (SULA), Symphony Environmental (SYM), Asiamet (ARS), Bluebird Merchant Ventures (BMV) and (sort of) Interquest (ITQ)...

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12 April 2017, 08:21 | By Malcolm Stacey |

Morrisons Could be the Most Hopeful Share Among British Supermarkets

Hello Share Pullers. Sometimes we keep shares due to inertia. There are some less than great performers in my bag which have been there for years and so have the status of being a bit hard to trade. I have this illogical urge to get all my money back first.

11 April 2017, 11:31 | By Darren Atwater |

ShareProphets takeover shock: Government agency declares Quindell's Rob Terry as our new CEO

The future of ShareProphets as an independent critic of the London Stock Exchange has come into question after a unexpected declaration of ownership change to Quindell's Rob Terry, as declared by an official government agency.

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11 April 2017, 11:21 | By Nigel Somerville, the Deputy Sheriff of AIM |

Advanced Oncotherapy – Bracknor converts again, shares crumbling: when will the EGM be forced? SELL!!!!

AIM-listed Advanced Oncotherapy (AVO) has this morning announced another loan conversion by its white knight death spiral funding provider Bracknor. The lack of liquidity of late makes it hard to imagine that Bracknor is having an easy time offloading. Meanwhile the shares have again slipped and now sit below the threshold at which an EGM to reduce the nominal price of the shares is triggered. Oh dear….

20 hours ago | By ShareProphets |

The April edition of the UK Investor Magazine is live - UK Investor Show edition

The April edition of the UK Investor Show Magazine is live featuring Metal Tiger, BMR, Harley Investments, Action Hotels and much more.

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3 days ago | By Pizza Hardman Darren Atwater |

New Bulletin Board Moron of the Week Contest - sponsored by MoneySwap

This week's contest is graciously sponsored by MoneySwap, the Filthy Forty constituent that has this week requested to be dropped from the AIM market.

7 days ago | By Malcolm Stacey |

How the Snap Election Will Affect Your Share Prices

Hello Share Pillagers. We all should have known something big was going to happen by the way shares were marked down heavily after the Easter break. On Easter Monday, when our stock market was closed, the US version was open. During that session, American shares rose by about 1%. That usually means British shares rise in tandem, but not this time.

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7 days ago | By Steve Moore |

Westminster Group – emphasises “pleased” & placing “oversubscribed”. Hmmm…

Westminster Group (WSG) “is pleased to announce a placing” (to raise a gross £1 million at 10p per share) and “the conversion of the balance of the convertible loan notes issued to Darwin Capital Ltd eliminating the facility”. The shares have though responded more than 15% lower…

7 days ago | By Steve Moore |

Distil – update on recent UK Investor Show 'Dragon's Den' selection as the shares rise again

Shares in recent UK Investor Show 'Dragon's Den' selection (at 2.15p, having also been selected last year at sub 1p), Distil (DIS) have bounced a further just over 5% on the back of a “Listing in Major UK Supermarket Chain /Tdg Update” announcement...

7 days ago | By Darren Atwater |

Video: Peter Hambro of Petropavlovsk presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Peter Hambro, Chairman of Petropavlovsk (POG), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

7 days ago | By Darren Atwater |

Video: Joe Salomon of Oilex presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Joe Salomon, Managing Director of Oilex (OEX), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

7 days ago | By Darren Atwater |

Video: Michael McNeilly, CEO of Metal Tiger, presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Michael McNeilly, CEO of Metal Tiger (MTR), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

7 days ago | By Darren Atwater |

Video: Dr Doom, David Scott, presents imminent economic collapse at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Dr Doom, David Scott, presents imminent economic collapse. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

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6 days ago | By Malcolm Stacey |

Higher Hopes for the Man from the Pru

Hello Share Troopers. I’ve long been a fan of British insurance giants. They are a chance to invest in the fast-moving financial world without too much fear of heavy fines and compensation payments for mis-selling and so on. Though, of course, there is an element of that.

7 days ago | By Steve Moore |

ASA Resource – updates on cash “unaccounted for”...

Having yesterday reported that there is strong evidence of funds “amounting to several million US dollars” being transferred to entities in China without full value being received and that “analysis reveals that there is a pressing need for cash”, ASA Resource Group (ASA) states it now “provides further information on the group's cash position”

7 days ago | By Gary Newman |

Orosur looks under-valued as gold shows continued strength

Orosur Mining (OMI) certainly isn’t amongst the more popular resource stocks on AIM and trading volumes are often verging on non-existent, but I believe that many are missing an opportunity here as they go chasing rainbows with companies that are years away from production, assuming they ever actually get to that stage!

7 days ago | By Steve Moore & Tom Winnifrith |

Veltyco - fundraise and proposed acquisitions. Hmmm...but BUY

Veltyco (VLTY) has announced a €2.55 million subscription for new shares to fund two acquisitions which it argues represent “an exciting opportunity… to grow its business by building on existing online betting brands, using its expertise in online marketing combined with award winning sportsbook technology”

7 days ago | By Steve Moore |

Lombard Risk Management – emphasises ahead of expectations, but what about sustainable cash generation?

Lombard Risk Management (LRM) has updated that it anticipates exceeding analyst consensus expectations for its year ended 31st March 2017 and “remains confident” looking ahead. What’s that though expected to be “in the region of £2.4m to £2.8m”“Adjusted EBITDA”. Hmmm…

6 days ago | By Darren Atwater |

Video: Paul Atherley, MD of Berkeley Energia, presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Paul Atherley, Managing Director of Berkeley Energia (BKY), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

6 days ago | By Darren Atwater |

Video: Richard Poulden of Wishbone Gold presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Richard Poulden, CEO of Wishbone Gold (WSBN), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

6 days ago | By Darren Atwater |

Video: Colin Bird of Xtract Resources presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Colin Bird, Executive Chairman of Xtract Resources (XTR), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

20 hours ago | By ShareProphets |

The April edition of the UK Investor Magazine is live - UK Investor Show edition

The April edition of the UK Investor Show Magazine is live featuring Metal Tiger, BMR, Harley Investments, Action Hotels and much more.

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20 hours ago | By ShareProphets |

TODAY: Patience, patience, patience and yet more patience - that is the key to making money from shares

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....

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20 hours ago | By Darren Atwater |

2 days ago | By Tom Winnifrith |

African Potash - the legal case for victims of the fraud almost underway

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.

2 days ago | By Darren Atwater |

Video: Paul Scott finds Nigel Wray's and Paul Mumford's investment strategies at UK Investor Show 2017

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.

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2 days ago | By David Scott |

You are hereby on notice as retail bubbles start to pop

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'. 

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24 hours ago | By Tom Winnifrith |

Hell's Teeth, does Peterhouse do any due diligence at all - meet the carbon spiv hooking up with African Potash?

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.

2 days ago | By Steve Moore |

WANdisco – record contract win & Q1 update offer some further encouragement, but…

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…

24 hours ago | By Tom Winnifrith & Steve Moore |

Stanley Gibbons – sells rare Indian stamps for record £500,000

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”.

20 hours ago | By Nigel Somerville, the Deputy Sheriff of AIM |

Filthy Forty Taihua – shares fall after GM approves delisting, but massive sudden surge today

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?

21 hours ago | By Nigel Somerville, the Deputy Sheriff of AIM |

Advanced Oncotherapy – more spoofery as NED buys yet more shares

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.

20 hours ago | By Tom Winnifrith |

African Potash –PKF Littlejohn LLP hang your head in shame

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?

24 hours ago | By Pizza Hardman Darren Atwater |

Silver Reaching a Major Inflection Point – Investors Beware!

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.

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2 days ago | By Steve Moore |

Goals Soccer Centres – admits preliminary merger discussions, but a golden opportunity?

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”

21 hours ago | By Steve Moore |

Blancco Technology – “Q3 Trading Update, Cash Flow Review and Funding”. Uh oh…

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…

2 days ago | By Darren Atwater |

Winner of the Bulletin Board moron of the Week, sponsored by MoneySwap

Truly, there are no winners from the pool of Bulletin Board morons, only those who succeed in making our eyes roll the furthest.