Cupid (CUP) is starting to unravel far faster than I imagined. A statement yesterday is really pretty grim. It contains three elements which I discuss in turn.
As most of us are probably aware, apart from holidaying in Ibiza, there are few things more exciting in life than the world of international mobile solutions, the sphere in which Globo occupies. Last month the software as a service provider reported that annual revenues were up over a quarter on sales of its smart phone technology. But the real interest at the moment may come from the latest price action where it would appear that a break out is imminent.
Following its recent $6 million placing at 38p NetDimensions (NETD) announced a detailed five year plan. The company is nothing if not ambitious and says that it aims to be a leading provider of talent and related compliance management solutions for highly regulated industries.
On the face of it we can say that the loss of the initial 3p support level of 2013 for Range Resources in the second half of May suggests that not only is a new bear phase about to begin for this highly followed stock, but that the target is now as low as 2p. But is this too negative view on a company where most traders are long and still expecting great things?
Old Park Lane has published a detailed by note on Leni Gas & Oil (LGO) suggesting that the shares are a clear buy at 1.05p with a 2.5p target price.
Shares in Idox plc (IDOX), an AIM-listed supplier of software and services to the UK public sector and global engineering information markets, presently trade more than 18% lower today, at a current 37.5p, as the company has reported a “disappointing” first half year (to 30th April) performance “impacted by delays in new Engineering Information Management licence sales in particular”.
Today's plunge for IDOX shares certainly seems to have ruffled the feathers of bulls of this stock if that is not mixing metaphors painfully. However, as can be seen from the daily chart since start of the year the decline has not been an overnight affair, and despite the losses we have already seen, there could be more to come once the dust has settled on the latest gap to the downside.
Since I last updated on AIM, Canada and Peru-listed, Latin America-focused gold miner Minera IRL (MIRL), the company has affirmed that it “expect to receive final approval for the Ollachea Environmental and Social Impact Assessment during the second half of 2013”.
So far in May we have been treated to a bear trap rebound from below 90p following a brief break of the 2012 triangle formation. The question now is whether excite energy shares are finally ready take off after the recent well-received $15 million deal?
Having managed to get knocked back from Oxford (twice), Cambridge and Harvard Universities at the interview stage, I would be the first to admit that on occasion I may not be as fast off the mark as others. Nevertheless, albeit in tortoise like fashion, the main uptrend line for Quindell Portfolio chart has been identified today.
It can be said quite fairly that shares of Red Emperor could have been wrongly identified as a potential bargain-hunting opportunity at any time over the past nine months. Clearly the key here is to suggest the extended bear run is over no more than a few days before this actually happens.
Perhaps quite understandably there is very often a delay between the appearance of a stock on the bulletin boards/the most followed, and the share price action moving in a positive direction.
Kalimantan Gold (KLG) is listed on the TSX as well as the Cesspit and its quarterlies out today tell a familiar story.
Following a $6 million placing and an investor presentation last week tech play NetDimensions (NETD) has attracted some supportive broker comment helping lift the shares to 50p which leaves the firm capitalised at £19 million.
Once upon a time there was a company called Managed Support Services PLC which was listed on the AIM Cesspit. It went tits up. Well almost. Its operations were sold but the shell remained intact with a few liabilities and a tiny but of cash. It became Kennedy Ventures (KENV), an investing company, and it shows the idiocy and unsustainability of this whole AIM game.
Results today for the 2012 calendar year from AIM-listed gold producer in Azerbaijan, Anglo Asian Mining (AAZ) show a pre-tax profit of $28.55 million on revenue of $73.52 million – respectively 9.7% and 12.2% lower than in 2011 as less gold was produced and sold (42,557 ounces v. 49,304) and average cash operating costs were higher ($668 per ounce v. $448), only partially offset by a higher average gold price ($1,666 per ounce v. $1,573).
It is normally the case that the most spectacular rallies in stocks and markets come from so-called wall of worry plays where we see rising prices come off the back of situations as most in the market seem fearful that going long could be a recipe for disaster.
Describing yourself as the world's best anything can very often the kiss of death in terms of reputation, if nothing else It would appear that for HSBC, the world's local bank, a series of scandals and mishaps, have ended up in fines and red faces which continue to bite the banking group in the posterior, both fundamentally and otherwise.
AIM and Canada-listed, South American focussed gold producer and explorer, Orosur Mining (OMI) has announced it has commenced drilling of an initial 3,000 metres to test the highest priority targets at its Anillo gold-silver prospect in Chile, with this expected to conclude by late June and analytical data to become available during July-August.
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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