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Latest News

Bearcast
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Tom Winnifrith Bearcast: Will the FCA investigate whether a Dubai Royal Shaikh Ahmed Bin Dalmook Al Maktoum, is guilty of AIM casino insider dealing

This looks like a doddle to investigate. The stock is ADM Energy (ADME) but will the FCA dare to challenge Shaikh Ahmed Bin Dalmook Al Maktoum or is insider dealing just an offence of you are a nobody? Then I look at the Eddie Stobart (ESL) fraud debacle, the Industrial Heat shambles, Woodford Patient Capital Trust (WPCT), the  Equity Income Fund (which has  today insisted it will look to ungate at Christmas... whatever) the Income Focus Fund (soon to be gated) and what today's news says about the stupidity, arrogance and lack of ethics of Neil Woodford himself. Postscript: His Highness Sheikh Ahmed bin Dalmook bin Juma Al Maktoum is not to be confused with Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates and indeed a very wealthy man. I did confuse him but this is still a Dubai Royal, will the FCA take him on? 

LVCG

Live Company – intra-day (2pm) Friday-before-bank-holiday RNS. Attempted no one watching o’clock?

An intra-day (2pm) Friday-before-bank-holiday “Directorate/Management Changes & Contract Updates” announcement from Live Company (LVCG). Attempted no one watching o’clock?...

TXO
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Why Roger Lawson’s gagging proposals would be a disaster for AIM – Tim Baldwin & TXO case study

As you know, Roger Lawson of ShareSoc wants to clean up AIM by, inter alia, forcing websites such as this to remove any article which a company deems defamatory merely on demand, in the way that Bulletin Boards already do. Lawson does not say who would judge when an artiocle could be republished but the implication is that it would be the new regulator he proposes. The case study which shows what utter folly this idea represents is Tim Baldwin and TXO.

HDT

Holders Technology – interims note “cost savings” & lighting and control solutions ‘encouragement’… so why share price decline?

Holders Technology (HDT) has announced results for its half year ended 31st May 2019, including “PCB operations remain profitable, and management has recently implemented targeted cost savings to further improve profitability. The LCS divisions have achieved good growth and a modest profit in the first half, and the pipeline of sales opportunities is encouraging, with the acceptance in the market of wireless lighting controls”. The shares have currently responded to 40p – er, more than 11% lower…

ESL
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Eddie Stobart shares suspended, dividend under review, accounting probe, CEO "resigned" – more disastrous news for Neil Woodford

It never rains when it pours for Neil Woodford. This morning we were told that his investment into the breaking of the laws of physics has been revalued downwards and at 7.30am we learnt that shares in AIM-listed Eddie Stobart (ESL) have been suspended, the accounts will be late, the dividend is under review (ie going to be chopped) and the CEO has walked (ie been pushed). This is all in relation to an audit review. Apart from that everything is fine…..oh, apart from the profit warning – and dear old Neil's funds holds 22.89% of the company, as at 2 August worth, at last night's close, £62 million. Oh Dear.

TEA
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Flip Flop Ben Turney, everything okay with you at Teathers Financial?

Oh dear, Oh dear. On the principle that Good News travels fast and vice versa I rather worry for flip flop Ben Turney, the former editor of this website and the rescuer of formerly AIM listed Teathers Financial. How is the rescue going? Er... As you can see below...

88E
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88Energy – Some hope at last, when previously there was little...but

Over the last few years I have watched passively as 88Energy (88E) has tried to exploit what it perceives as great oil opportunities at Icewine and has been happy to bandy about some very large resource numbers, only equalled by the number of bulletin board posts on the matter and the number of words in the torrent of RNS irrelevance. A new farmout deal to Premier Oil (PMO) looks to me like the first real sign that 88Energy actually may have a chance of delivering something of value. But....

Collapsing-Reactor
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Redemptions Watch: Woodford hit as laws of physics reassert at Industrial Heat

Apart from the long queue of hungry mouths to feed, there is the small matter for Neil Woodford of the unquoted asset valuations which, judging by the difference between the NAV per share at WPCT (78.96p last seen) and its actual share price (43.9p at yesterday’s close), the market clearly does not believe. This morning we learn that Woodford’s play, Industrial Heat, which defies the laws of physics, is to be revalued downwards by Link. It seems that the laws of physics are reasserting themselves in the form of gravity.

Malcolm

A Tale of Two Trusts, possibly Brexit Proof

Hello, Share Monkeys. Mostly, I pick my own companies to invest in. Having read some of the horror stories of those who’ve trusted their brokers to do the choosing, I expect you’re the same. But there’s no harm in occasionally leaving the decisions to someone you do respect. And so I have shares in a couple of outfits that have good track records...

Bearcast
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Tom Winnifrith Bearcast: which is the best way to lose your cash, buying Nostra Terra shares or with ProphetFX?

I start with a discussion of how young and inexperienced most sell side analysts are and why that bodes so badly for the horrors that will emerge in the coming bear market. I move onto Versarien (VRS) a pointless deal and accounts that contradict themselves, I look at Burford (BUR) and the sex tapes allegations as well as my own on Napo and then finally at forex service ProphetFX which is drowning in red flags as is AIM Casino rubbish Nostra Terra Oil & Gas (NTOG)

RKH
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Rockhopper Exploration – Further positive news on Sealion: BUY

It was only a month ago I commented on Rockhopper Exploration (RKH) and speculated on some of the matters surrounding the SeaLion development. Several developments have occurred since which have reconfirmed my positive stance.

ALY

Laura Ashley – full-year results argue “remain resolutely confident”, BUT…

Previously writing on homeware and fashion retailer Laura Ashley (ALY), I concluded including the continuing rapid trading deterioration concerns – particularly in terms of what the balance sheet will look like by the year-end. The company has now announced results for its year ended 30th June 2019…

TYM
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It won't be long before pointless AIM company Tertiary Minerals runs out of cash - placing ahoy!

Often I am left wondering what the point is of quite a number of small mining companies listed on AIM, as all they seem to do is raise small amounts of money to keep the business ticking over without ever actually achieving anything of note.

Gold

Podcast: Billionaire Investor Frank Giustra says Biggest Gold Bull Market of All Time Starting Now

In media and in mining Frank Giustra has a Midas touch. He believes that we are on the third and final phase of the gold boom cycle that started back in 2001, and the next cycle will be the largest of these moves.

CBUY
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Cloudbuy – Interims underline my sell stance - corporate knacker's yard surely beckons?

AIM-listed Cloudbuy (CBUY) reported its interims to the end of June yesterday and the news seems to me to be utterly grim: revenues of just £0.5 million, a loss of £0.7 million and a balance sheet showing net assets of MINUS £6.5 million complement the accumulated losses of £16.7 million. At least the company seems to be consistent! The statement at least refrained from telling us it was pleased to announce the numbers but my sell stance is thus far vindicated: last offered at 3p, the shares now stand at just 2.4p.

RNK
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Still gambling on Rank Group

I have written a couple of articles on the Mecca Bingo and Grosvenor Casino operator Rank (RNK), concluding last time that 'Rank is not so dank after all...the share still remains below the (interesting) 160p level. Worth a punt!'

Collapsing-Reactor

Redemptions Watch: bad news for Neil Woodford as redemptions spike higher at Income Focus

The news blackout at Woodford cash-guzzling dog Verseon (VERS) continues, but at least the shares did not slip any further yesterday. That is more than can be said for fellow kennel cohabiter Xeros (XSG) as the fine disruptor of washing machines tries to get £10 million of new money to avoid the free taxi ride to the corporate undertakers.

NG

Unfairly Criticised National Grid may Power Up its Share Price on Future Demand

Hello Share Scrimpers. Attracting negative publicity at the mo is the National Grid (NG.). It’s just established that the recent power cut was caused by the rare event of a bolt of lightning putting out two big power stations and seeing the electricity supply depleted. But, as far as I remember, no such setback has occurred before. And given all the power stations that feed into the Grid and all the infrastructure needed to supply power everywhere, this is an efficiency record to be proud of. But what about the shares?...

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