ShareProphets

Wednesday 24 May 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


4 May 2013, 17:08 | By Lucian Miers |

Gulf Keystone – why I am short


To run a junior oil company which claims to be sitting on reserves greater than those of Shell and to claim furthermore that this is only scratching the surface, takes a fair amount of self-belief.

4 May 2013, 16:51 | By Zak Mir |

Why I loved Gulf Keystone, And How My Heart Was Broken

It has to be said that I am not exactly feeling the love as far as the bulletin board community are concerned, given my recent sell stance on Gulf Keystone and the worst case scenario 10p share price target.

4 May 2013, 10:29 | By Staff Writer |

Avon Rubber: Edison site visit buy at 427p – target 510p

Avon Rubber produces a range of rubber products largely for the defence and dairy markets.

4 May 2013, 10:19 | By Tom Winnifrith |

Exclusive: Great Western Mining – Boardroom Cull to continue

The fallout from the Teknomining Scandal and the growing belief that US Oil & Gas (USOP) will turn from comedy to tragedy ( while remaining a long running farce) has had a knock-on at Great Western Mining (GWMO) a company also from the Liam McGrattan stable listed on the AIM cesspit.

4 May 2013, 10:07 | By Staff Writer |

FinnCap on K3Business Technology – 97% upside potential?


Following the publication of weak interims in March by tech stock K3 Business Technology (KBT), house broker finncap adjusted its forecasts but argued that the shares were, at 99p, very cheap and actually worth 195p.

4 May 2013, 10:03 | By Staff Writer |

Maximising ShareProphets

How to get the most out of this site? It is easy:

 Step one is if you are on twitter – follow us @shareprophets and every time a new article or video appears on this site you will get an alert

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3 May 2013, 22:49 | By Robert Sutherland Smith |

BAT Industries: the April interim statement - a last gasp or a satisfying long draw?

My last review of BAT Industries (BATS) was a bullish one, having examined the management strategy of this large and important international business geared as it is, by common consent (entirely reasonably so) to a long term, irresistible decline demand for its products. I noted at the time that analysts estimated on a consensus view that sales revenue would grow by 20% over the two year 2013 and 2014 to an annual sales figure of £16.7 billion by the end of next year along with a 20% increase in earnings and dividends to 248p and 162p respectively estimated for the year to 31 December 2014.

3 May 2013, 22:46 | By Robert Sutherland Smith |

Admiral Group: A Yield of 6.9% enough?

Despite the above average gambling aspect of its unusual business model and payout policy, my instinct is to add the shares to my 'shares for buying list', on the limited ground (not too hasty I trust) of first quarter trading; the explicit confirmation of continuing financial strength and an estimated ‘super normal’ prospective dividend yield of 6.9%.       

3 May 2013, 18:30 | By Zak Mir |

Buy Pentagon Protection (PPR): Sharp 2012 Resistance Rebound Targets 35p

While it is clear from the daily chart of Pentagon Protection that the shares are not exactly blessed with high trading volume, they have ticked most of the boxes you would wish to see for a stock or market to qualify as being one of the more compelling bull plays around.

3 May 2013, 18:13 | By Tom Winnifrith |

Oracle Coalfields – When do you plan your next placing?

Back on the Cesspit AIM market I see that the biggest faller today is Oracle Coalfields (ORCP) whose shares are off 13% at 1.55p valuing the company at £5.01 million.

3 May 2013, 17:29 | By Steven Moore |

Kentz - trading update suggests value on offer

I have successfully followed international engineering and construction group Kentz (KENZ) before – from a share price of 154.5p in July 2009 until a recommendation to bank profits at 346.5p in January 2011.

3 May 2013, 17:27 | By Zak Mir |

Buy Coms: Above 1.5p Targets As High As 5p

It is very often the case that as fire as minnows / penny shares that move around in fractions of pennies, there is not as much as one would like to go on in terms of charting furniture. However, it could be said that in this respect Coms (COMS) is the Heals of charts currently, given all the signals we have to go on, with most people positive or very positive.

3 May 2013, 17:22 | By Staff Writer |

Antofagasta Q1 Statement – Fox Davies Upgrades stance to Buy



Antofagasta has announced its March quarter production figures. The group produced 183.8 kt of copper, 2.6kt of molybdenum and 86.2k oz of gold for the quarter.

3 May 2013, 17:09 | By Tom Winnifrith |

Exclusive Evil Knievil’s Biggest Short is…

Infamous Bear raider Evil Knievil may be licking his wounds having lost more than a quarter of a million pounds on shorting ASOS (ASC) as we revealed here but the old boy is not deterred and has opened a major new short, we can exclusively reveal.

3 May 2013, 14:27 | By Zak Mir |

Sell Renishaw (RSW): Below 1,750p, And Only Below 1,750p Risks 1,300p

As we learned from the death of Baroness Thatcher, the mark of greatness is when you are insulted via social media. I can proudly announce that over the past 24 hours this has happened to me on Twitter.

3 May 2013, 13:32 | By Steven Moore |

Kryso Resources - a differentiated AIM-listed gold company?

AIM-listed Kryso Resources (KYS) is one of two current constituents of the Nifty Fifty gold portfolio and a rare gold-focused company whose share price has not been too badly impacted in recent times – the shares at a current 32.125p are ahead on a 1 year basis and not vastly off their 2013 high of 35.375p.

3 May 2013, 12:33 | By Tom Winnifrith |

Exclusive Evil Knievil loses more than £250,000 as he closes ASOS short…but

We can exclusive reveal that infamous bear raider Evil Knievil has thrown in the towel on his attempts to short online retailer ASOS (ASC) and has closed his short.

3 May 2013, 09:36 | By Zak Mir |

Buy Thomas Cook: 160p Now Possible

At one stage in the recent past it did appear that tour operator Thomas Cook (TCG) may be heading for that Great Package Holiday in the sky, with the share price touching as low as 13p at worst.

3 May 2013, 09:22 | By Lucian Miers |

Breaking news: Lucian Miers adds to to Renishaw short AFTER trading statement

ShareProphets can reveal that infamous bear raider Lucian Miers has added to his short in Renishaw after today’s trading statements.

3 May 2013, 09:02 | By Tom Winnifrith |

In the AIM Cesspit: Gulf Keystone AGM Location Switch – shall I go to Bermuda?


In 2011 and 2012 AIM listed Gulf Keystone (GKP) held its AGM in Paris. This year it is to be in Bermuda…why the switch?

23 May 2017, 15:23 | By ShareProphets |

The May edition of the UK Investor Magazine is live - Tips, UK Investor Show photo feature, and the the end of the EU

The May edition of the UK Investor Show Magazine is live featuring three share tips from Gary Newman, the Greek meltown is worse than everyone thinks, and the EU is not fit for purpose plus a photofeature from the 2017 UK Investor Show.

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21 May 2017, 12:58 | By ShareProphets |

New Bulletin Board Moron of the Week Contest - sponsored by Quindell founder & fraudster Rob Terry

This week's sponsor, serial company founder Rob Terry, has been in the news this past week over a lawsuit brought by Aussie legal poltroons Slater & Gorden claiming to be deceived over the legal division that they bought from Quindell. Slater & Gordon will probably do just fine unless Quindell (QPP) or Watchstone (WTG) as it is called these days, points out ShareProphets sent S&G a docket of articles before the purchase went through. Anything to help the boys and girls at Quindell!

17 May 2017, 08:18 | By Malcolm Stacey |

In Touch Company Deserves Your Attention as Profits Rise

Hello Share Shufflers. There is a Geordie company which wages war on switches and buttons. It makes touch sensors. You’ll see this kind of technology everywhere these days, beginning with your mobile phone.

17 May 2017, 08:33 | By Nigel Somerville, the Deputy Sheriff of AIM |

Advanced Oncotherapy – yet another director ponies up, EGM seemingly avoided and Bracknor converts. Most bizarre

Well this is most bizarre! Lobster-potted Bracknor has converted another lump of its death-spiral loan notes. That, of course, is not a great surprise until you study the detail of yesterday morning’s announcement from AIM-listed Advanced Oncotherapy (AVO), where we discover that the conversion shares have been issued not at the lowest daily volume-weighted average price of the past 15 days (21.35p) as per previously announced conversion terms, but at 25p (par price of the shares). Why has Bracknor elected to pay a 17% premium?

17 May 2017, 08:32 | By Darren Atwater |

Labour's manifesto doesn't just make sense, it adds up

The Tory-controlled media has been working overtime to convince voters that Labour wants a return to the bad old days of the 70s, with its fox hunts, its universities for the elites, and, wait... that's not right. Oh yes, the Tory-controlled media says that the Labour manifesto is a pinko-commie cloud-cookoo land fiscal LSD dream. It turns out that it is not.

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17 May 2017, 08:44 | By Tom Winnifrith |

Labour's Maths does not add up - Darren Atwater, Paul Mason and all the other London elitists are innumerate

Our in-house remoaning, money tree-worshipping, metropolitan elitist, Darren Atwater has posted an article suggesting that Labour's manifesto maths adds up. Maybe Diane Abbott and Darren think so, but no-one else will be fooled.

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17 May 2017, 08:33 | By Pizza Hardman Darren Atwater |

17 May 2017, 09:37 | By Tom Winnifrith & Steve Moore |

Petropavlovsk – board structure update amidst attempted coup

Petropavlovsk (POG) has updated on the attempted boardroom coup – including on its process to appoint an independent Non-Executive Chairman, a further independent Non-Executive director and opposition to the requisitioning shareholder nominees.

17 May 2017, 09:48 | By HotStockRockets |

Optibiotix - launch of Slimbiome and LPLDL products. Read closely & buy

OptiBiotix Health (OPTI) has announced what it terms the "successful" launch of its SlimBiome® and LPLDL® products at the Vitafoods Europe tradeshow in Geneva from the 9-11 of May 2017. The event provided the opportunity to connect with 16,500 industry decision makers from the supplements, nutraceutical, functional food and beverage industries. This is viewed as one of the world's leading trade fairs for the food and drinks industry. Yadda, yadda, yadda. Companies always say launches are successful. More jam tomorrow. So what. Etc. But no read on... We have underlined a few key words for you.

17 May 2017, 10:01 | By Tom Winnifrith & Steve Moore |

InterQuest – possible management buyout offer, a piss take

With shares in InterQuest (ITQ) yesterday having increased on the day from comfortably below 40p to well above, at 3:51pm (noting the “recent share price movement” - nothing suspicious to concern AIM regulation then!) a newly created company (Chisbridge Ltd) formed by Gary Ashworth, Chris Eldridge and David Bygrave (respectively InterQuest Chairman, CEO and CFO and 33.3%, 0% and 0.1% shareholders) ‘confirmed’ “that it is evaluating making an offer for InterQuest at 42 pence per share in cash with a full loan note alternative”. They're taking the piss, surely...

17 May 2017, 12:50 | By Steve Moore |

Proxama – having spent “throughout 2016” trying to sell Digital Payments division, now asks us to believe it’s “the best owner” after all!

Proxama (PROX), 13th December 2016: “We have been reviewing various options throughout 2016 to sell the Digital Payments division with a priority being to maximise shareholder value… The company remains committed to the sale and we believe that it will be completed”Today: “the board has concluded that we remain the best owner for Digital Payments division… retaining this division as part of the group, with an updated strategy”. Haha – so having spent “throughout 2016” trying to sell the business and stating it “committed to the sale”, we’re now asked to believe that the company is actually “the best owner” for the business after all!?!...

17 May 2017, 15:10 | By Steve Moore |

Foxtons – Q1 2017 trading update, still a short?

London estate agency Foxtons (FOXT) has updated on the first quarter of 2017, seeing a significant decline in revenue on the corresponding 2016 period though arguing “performance has been in line with the board's expectations”

17 May 2017, 16:44 | By Steve Moore |

Corero – announces “secures second $1m+ SmartWall customer”. How much is the order for?

An announcement entitled “Corero (CNS) secures second $1m+ SmartWall customer”. Sounds good but, having previously written bearishly on this company, let’s take a look at the detail here…

18 May 2017, 08:03 | By Malcolm Stacey |

As Hackers and Computer Bandits Grow in Strength, so Does the Presence of this Techno Sheriff

Hello Share Graters. I’m always trying to find companies you may not be aware of. It’s a way of widening the scope of this largely critical website. Today I commend to your further investigation a company called Defenx (DFX).

18 May 2017, 08:12 | By Tom Winnifrith |

If Corbyn wins the election I'd be better off moving my business to Greece - the simple maths

Jeremy Corbyn has promised to raise Corporation Tax from 19% to 26%, while the tax on dividends in the UK is now 25%. As far as I know that is not going to be increased by Labour, but who knows? The bottom line is that, as a part-time Greek resident but UK taxpayer, it actually makes sense for me to become a Greek resident and Greek taxpayer if Labour wins. Yes, this economic basket case run by socialist lunatics is a better place for me to do my business than a Corbyn-run Britain. Here are the maths....

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18 May 2017, 10:11 | By Nigel Somerville, the Deputy Sheriff of AIM |

Advanced Oncotherapy – another Bracknor Conversion, but look at the terms: how’s the Going Concern statement coming along?

Well, well. How do you issue shares at a discount to par? Simple: pay a whopping fee to the subscriber. AIM-listed Advanced Oncotherapy (AVO) has announced another loan note conversion under its death-spiral funding package with Bracknor and a new fee seems to have appeared which might just derail discussions between the company and its auditor as they work on the going concern statement for the forthcoming FY16 results due out by the end of next month. Oh dear, oh dear.

18 May 2017, 09:56 | By Tom Winnifrith |

K3 Business Technology – another profit warning, faith lost. Sell.

K3 Business Technology (KBT) has updated that it “now believes that the results for the year to 30 June 2017 will be significantly below current market expectations” as “certain large Enterprise contracts have not been secured as expected”...

23 May 2017, 15:23 | By ShareProphets |

The May edition of the UK Investor Magazine is live - Tips, UK Investor Show photo feature, and the the end of the EU

The May edition of the UK Investor Show Magazine is live featuring three share tips from Gary Newman, the Greek meltown is worse than everyone thinks, and the EU is not fit for purpose plus a photofeature from the 2017 UK Investor Show.

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22 May 2017, 08:26 | By Nigel Somerville |

Is Tom Winnifrith right to out companies doing placings?

The busting of a placing by AIM-listed UK Oil and Gas (UKOG) at 1p by Tom Winnifrith has caused a bit of controversy. It is not the first time he has been accused of being irresponsible by blowing the lid on a placing only for it to be pulled or the price dropped. Anyone left holding the baby gets their fingers burned – in the recent example quite badly if they had been buying into the ramp at north of 1.4p only to see the company raise cash at just 0.8p. Is it right?

23 May 2017, 15:23 | By Tom Winnifrith |

New Bulletin Board Moron of the week sponsored by Granny Snuffs & Wildes

The nauseating Mail on Sunday fawned upon Pippa Middleton and her ghastly family as they celebrated the "wedding of the Year"Bring on the revolution! But perhaps the real wedding of the year should be between our two very own in-house Bulletin Board Morons GrannySnuffs & Wildes who seem made for each other. can you find examples on the LSE Asylum, iii, ADVFN or twitter of comments more idiotic than those of our own dream team? If so post in the comments section below, the deadline is midnight Sunday 28th May.

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22 May 2017, 15:31 | By Steve Moore |

Infrastrata – cash crunch & sack-the-board General Meeting ahoy… so it’s strategic review time!

Having bought itself some time by declaring an initial sack-the-board General Meeting requisition “invalid” (a revised, valid requisition announced by it at an attempted ‘no one watching o’clock’, 5:15 pm, on Friday), Infrastrata (INFA) has this afternoon made a “Review of stategic options & project update” announcement...

22 May 2017, 16:31 | By Nigel Somerville |

Minoan – acquisition, placing, debt update

AIM-listed travel agent and wannabe Greek holiday resort developer Minoan (MIN) announced a small bolt-on acquisition this morning….and a placing. Oh, and an update on its debt facility due to expire at the end of June. It is disappointing to see a placing (at 9p), but in the general scheme of things it is a relatively small amount so the pill is sugared to some extent.

22 May 2017, 08:24 | By Pizza Hardman Darren Atwater |

23 May 2017, 08:35 | By Tom Winnifrith |

Amryt at 22.5p worth 62p - new 44 page report

Take a look! European investors are clearly failing to grasp the very significant financial and commercial benefits available for Orphan or Rare Disease drug developers. So much so in fact, that sector-focussed Amryt Pharma (AMYT) finds no quoted peers in London, yet a good basket of NASDAQ-listed comparables are seen to command a significant premium despite mostly being pre-revenue and somewhat earlier in their development. Such anomalies can and, of course, do rapidly correct. 

23 May 2017, 08:35 | By Cynical Bear |

Challenger Acquisitions: Shameful rampathon – the FCA should investigate

Any reader of my pieces will know I hold Challenger Acquisitions (CHAL) in pretty low regard but the outrageous ramping that has now gone on for the last four trading days is an absolute disgrace and the FCA should take a look. I’ll explain.

22 May 2017, 10:03 | By Tom Winnifrith |

Eden Research - Financials suggest its going tits up, FRC pans it after my request), Part 1

Eden Research (EDEN) has today published godawful results and admitted that my very good friends at the Financial Reporting Council (FRC) investigated it - after I requested such an investigation - and have forced it to restate past numbers. It claims that the FRC has now settled all matters. Au contraire. that is another lie from the fraudsters and there are many more porkies in this statement. Truly, the pants of shamed PR Paul Queenie McManus of Walbrook will be cinders and ash after this effort. This all came out as Eden published Godawful numbers for calendar 2016.

23 May 2017, 08:34 | By ShareProphets |

UK Investor Show 2017 ‘Dragon’s Den’ picks update

The sold-out success that was the 1st April 2017 UK Investor Show again saw five 'Dragon's Den' sessions where a number of CEOs each gave a pitch and three Dragons each picked one stock for a £1,000 investment. How are they faring so far?...

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23 May 2017, 08:34 | By Tom Winnifrith |

Andalas raises £600,000 - which means net cash is less than ZERO - it's still bust & worthless

With some great investigative journalism of which this website would have been proud, Brokerman Dan flushed it out a few weeks ago. The former bank robber - correctly - stated that Andalas (ADL) was looking to raise £1 million at 0.06p and the AIM listed crock of shit suspended its shares. Today they are unsuspended after the company raised £600,000 at 0.1p. It says this is at a premium to the suspension price. But it is a spoof, Andalas is still bust. It is insolvent as of today!

22 May 2017, 10:02 | By Tom Winnifrith |

Malcolm Stacey misquotes me but is wrong about Inmarsat anyway - don't fight the tide

Malcolm Stacey is old enough to know about King Canute. In fact he is so old that he was there as a boy when the King sat in his chair on the beach and attempted to turn back the tide. Malcolm surely you remember the day as if it was yesterday? In which case why do you forget this valuable lesson when it comes to Inmarsat (ISAT) and your article today in which you misquote me and get it wrong in so many other ways.

22 May 2017, 10:01 | By David Scott |

Elect a clown, get a Circus

"A credit crunch is brewing and when it happens, the UK is going to get hurt."  These are not my words but the start of the Editorial in this weekend’s Guardian. The article then went on to say "That is the message emerging from senior executives in the financial services industry, who do not think Britain has changed that much since the 2008 credit disaster and the devastating crash that followed. Three developments lie at the heart of this disturbing analysis: spectacular growth in the sale of second mortgages, car loans and credit cards." I would heartily agree with these comments as this is my experience too. But what the article fails to say is that the UK is not alone in this debt bubble - once more it is a Global issue.

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22 May 2017, 08:09 | By Malcolm Stacey |

After Falling to Earth, This Sci-fi Share May Rocket, Once Mr Spock Locks On

Hello Share Scoopers. There have been quite a few occasions now that I’ve commended a Footsie satellite company to your attention. On each mention, as I recall, the share grew in value. However, last year the shares took a big knock.

23 May 2017, 08:16 | By Malcolm Stacey |

All Eyes On OPEC. Will It Come Up with Goods or Will our Oil Shares Slide Down a Greasy Pole?

One of the most fascinating scenes I’ve seen for some time is the sight of Big Donald jigging around with some sort of weird entertainment put on by the Saudi’s for the President's visit. It almost made me forget the big benefit of this amiable state visit on share shifters like us. And that of course is that the President’s friendly reception sent the oil price up.

22 May 2017, 11:35 | By Steve Moore |

Corero Network Security – service launch of a contract announced a month ago. Ramptastic!

An announcement from Corero Network Security (CNS) with a headline “Corero Tier 1 Internet service provider customer GTT Communications, Inc. launches DDoS Mitigation service”. Then “further to the announcement on 19 April 2017 regarding a Global Tier 1 Internet service provider customer win… announces that the customer, GTT Communications, Inc. (NYSE: GTT), has launched its DDoS Mitigation service”“Global Tier 1” now hey! And you what? The contract win has already been announced? Ramptastic…