The AIM cesspit awards for me represent balance to some great business plays by aim listed companies with the clear diabolical and reckless errors of judgement or moral position by the less affable of companies. While the FTSE 100 has raced ahead, AIM has lagged badly in part because many view it as a Dick Turpin exchange.
Given the nature of the beast, the beast referring to resources stocks in general, it usually seems to be wise to adopt a mixture of momentum trading-following moves to the upside, as well as trying out the odd toe in the water bargain-hunting opportunity. This latter is what we appear to have at Empyrean Energy.
In for a penny in for a pound, another couple of observations on Cupid (CUP), the AIM Cesspit listed company that yesterday issued a statement in which it claimed my comments in an article that day were misleading.
The recent rebound in Gulf Keystone shares means that they are fast approaching not only the level of the broken two-year uptrend line at £1.70, but also what can be described as the coastal level, the £1.67 zone where CEO Todd Kozel transferred 10 million ordinary shares to a third party.
AIM-listed global project management and technical consultancy, WYG plc (WYG) has delivered a reduced adjusted pre-tax loss of £1.36 million for its year ended 31st March 2013, down from £4.61 million in the prior year as it continued to drive ‘self help’ initiatives (the company claims a £0.7 million profit for the year though this includes a net £2.06 million of acquisition/disposal gains).
The last time that online dating service Cupid (CUP) commented on an article by me it just noted that it was comment. This time I have been promoted to the rank of “market commentator” in a statement out this afternoon. Next time? “the UK’s top investigative financial journalist?” Needless to say Cupid is talking utter bollocks and that makes its shares even more of a slam dunk short.
Woburn Energy (WBN) is an AIM listed oil company which today announced that it had finally sold its last assets. It is left with net cash of $2.87 million (£1.87 million). It is now classed as an investment company but if it does not make an investment by 21st June 2013 its shares will be suspended.
It has been quite a long wait as far as bulls of Madagascar Oil have been concerned in the sense that their stock has been bumping along the bottom since late March.
AIM listed Nyota Minerals (NYO) has announced the latest results from ongoing optimisation studies at its flagship Tulu Kapi project in Ethiopia. Broker Ocean Equities is upbeat about the news but there is a caveat. Ocean writes:
The share price of AIM-listed gold explorer in Liberia, Hummingbird Resources (HUM) is a strong reflection of how against such stocks market sentiment has been – the shares down from 170p as recently as February 2012 and more than 100p in November 2012 to a current 41.5p, capitalising the company at £23.5 million.
Jim Ellerton, the chairman of AIM Cesspit listed Sefton Resources (SER) blathers on about creating shareholder value. Well here are two killer statistics for you.
Wandering around the UK Investor Show in April and seeing the daily chart of Amerisur on Sharescope software I remember thinking to myself that this was the perfect bullish. Unfortunately, from then until today the stock has been determined to prove me wrong.
On the face of it the latest gap higher for shares of Conroy Gold is merely another flash in the pan rebound amidst the ongoing decline from the beginning of 2011. However, since the autumn we have at least four powerful buy triggers which suggest that a lasting turnaround may be upon us.
Following a visit to Sierra Leone Northland capital has initiated its coverage of AIM Listed Sula Iron & Gold (SULA) in a detailed note published today.
Cupid shares are off again today at 52p. There are some folks who blather on about the yield of almost 6% and the strong cash balance. But what exactly is the cash balance? And is the dividend sustainable? Well let’s do some sums.
On May 23rd Nighthawk Energy shares were trading at 4.89p and having gapped up through their 200 day moving average were given a 7p target. A couple of weeks on and we have a fresh gap and a new upside target of as high as 9p.
Away from the Downing Street Cesspit to the AIM Cesspit, Arian Silver (AGQ) which is also TSX listed has served up another classic statement as it yet again tapped its death spiral facility with YA Global – this time raising £216,000 at 5.0199p. Oh dear what bullshit.
The Centrica (CNA) narrative does not read like a John le Carrier novel. But its story has to be understood and explained if for no other the reason than it is a significant provider of high dividend yield income in the age of quantitative easing, low interest rates and low annuity rates.
When it was suggested that SolGold could double from 4.2p on May 20th by the end of June, there was an outside hope that this could be achieved by the end of May. But of course, it always pays to be conservative in the big, bad, world of mining stocks…
AIM-listed developer and supplier of payment and loyalty systems, Universe Group (UNG) has announced an acquisition it expects to be immediately earnings-enhancing.
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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