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BST
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Big Sofa Trading Statement – Recovery full steam ahead

We tipped Big Sofa (BST) just a few weeks ago at a 4p offer. The shares, of which we own a good few, are now 4.5p-5.25p following an upbeat trading statement. But hang on tight as there is far more to come.

KIE
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Neil Woodford disaster zone Kier plunges another 36%

Not so long ago Neil Woodford was telling his investors that fully-listed Kier Group (KIE) was just the perfect investment. Then came the rights issue which flopped and fell to the underwriters. And then came the admission that it had mis-stated its debt position. And then a new CEO who immediately launched a strategic review. And then a profit warning. And yesterday The Times reported that Kier was looking at off-loading its house building arm as its suppliers were being refused insurance on Kier’s bills. But of course Neil knew best: as the shares collapsed from well over £8 a pop ahead of the rights issue fiasco to close yesterday at a new low point of 130.8p, until his Equity Income Fund was gated, Neil was keenly buying up ever more of Kier’s shares,, taking his stake to 20% at the peak.

BKY

Berkeley Energia – welcome election result and new exploration licences

Berkeley Energia (BKY) has announced it “welcomes municipal election result and is awarded three new exploration licences”

AAU
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Ariana – a round-up of good news

AIM-listed Turkish gold miner Ariana Resources (AAU) has had a raft of good news lately – the biggest seems to me to be the resurgent strength of the yellow metal: last seen its price was through the apparently all-important $1350 per oz level, although only time will tell whether that proves a sustainable move or another false dawn in a long line of false dawns. We have also had full year results for 2018 and drilling results from Kizilcukur all amounting to a rise in the share price to 2.1p. Having finished my own top-slicing, I can now proudly say strong hold as we look forward to a string of developments.

QXT

Table of shorted AIM shares - week to 14/06/2019

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Collapsing-Reactor
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Woodford Income Focus: a better day yesterday – redemptions only £2.6m (thankful for small mercies)

So Neil Woodford has survived to the end of the week without seeing his lesser fund, the Income Focus Fund, gated. It cannot be far off, but yesterday’s numbers released this morning by Morningstar show that the accumulation units dropped by 1.24% and the size of the fund dropped from £339.6 million to £332.8 million which means that just £2.6 million was lost to redemptions – less than one percent.

GetAFix

Secrets, Pop Psychology, Trends, Brexit and Share Picking for Uncertain Times.

Hello Share Mates. We are blessed with some of the greatest brains in company analysis on this gorgeous website. That’s why our writers keep uncovering big stories long before the Press. You can't help but be impressed by the technical pros and cons our corespondents dissect with a fine toothcomb.

TAP
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Taptica International – Blinkx did stink, and now…

Shares in Taptica International (TAP) are up smartly today, but still well down on the week. An AGM statement concluded “the strategic rationale for the merger remains strong and in the best interest of shareholders, as such the board remains optimistic in the medium term”. This was after a recent completion of a merger with RhythmOne – the former Blinkx…

PXOG
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Prospex announces a maiden profit, but how much cash was actually generated? Red Flag Alert!

When is a net profit not really a profit? When it is being announced by Prospex Oil and Gas (PXOG) would appear to be one answer to that question!

LEK
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Lekoil – What will the 2018 year accounts reveal? Yet more red flags?

I have followed Lekoil (LEK) for some years now, and as each year goes by, I’ve become more questioning of the investment case. Like so many Nigerian based oilers, the potential seems high but is the reality ever realised? 

AST
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Ascent Resources – “official response… has now been received” & surprise, surprise…

Ascent Resources (AST) has updated commencing “the official response from the Ministry of the Environment has now been received by lawyers representing the joint venture”. And, unsurprisingly after yesterday, it ain’t good news…

Bearcast
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Tom Winnifrith Bearcast: should Neil Woodford go to prison?

I start with reports in the Times about share sales by EIF over the past week which just go to show that this fund will be gated until Christmas or beyond. Then I discuss whether Neil Woodford should go to prison for what he has done and having considered the evidence I argue that he should.

MAIS
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Maistro – AIM cancellation approved. An utter litany of platitudes & shareholder value destruction...

“Maistro Plc (AIM: MAIS) announces that, at the General Meeting of the company held earlier today, all resolutions were duly passed”. But this was no ordinary General Meeting from this, the former blur Group (BLUR)…

Newsboy
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Board love at DS Smith, whilst PZ Cussons is seemingly bored of talking

I am a fully paid-up member of the investment geek club and my continued love for corrugated board company DS Smith (SMDS) has been well documented. Thursday's full year 2018-19 results correctly led to an approximate 5% bounce in the shares and 'a year of significant delivery' meant more synergies from acquisitions, the sale of the plastics division which helped notably improve the balance sheet, 'volume growth in all regions through FMCG (fast moving consumer goods) and e-commerce focus', positive pricing, record margins and an upgrade in medium-term target plus an organic adjusted operating profit growth of 9% and a 13% hike in the dividend. Phew!...

ALBA

Alba Mineral Resources – Horse Hill update boosts shares, more to come?

Alba Mineral Resources (ALBA) has reported a Horse Hill test oil production update and that “Portland test production is now planned to continue until the second half of June when final site preparations for simultaneous HH-2/2z Portland drilling and HH-1 Kimmeridge production operations will commence”

CRL

Fancy a Dip and Peak play? Then Take a Look at this Small Beauty King

Hello, Share Thrashers. If ever a share was worth buying on the dips and selling on the highs, it seems to be Creightons (CRL). The shares have recently risen to 34p, but a couple of years ago reached around 45p and in the year before that were below 10p. They have been as low as a penny...

HL
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Hargreaves Lansdown's own funds dump Woodford Income Focus completely

Citywire has reported this afternoon that Hargreaves Lansdown (HL.) has exited its position in Neil Woodford’s smaller dog fund, the Income Focus fund with regard to its house Multi-Manager funds. This, after dropping the fund from its Wealth 50 last week and telling investors there that if the income was not important to them they should consider their position.

KDR
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Karelian – the sack-the-board battle hots up

I noted a couple of weeks back that it was beer and popcorn time at Prof Richard Conroy’s smaller lifestyle enterprise, AIM-listed Karelian Diamonds (KDR). The battle is hotting up nicely...

HRN

Hornby – full-year results, “pleased to report”?

Models and collectibles group Hornby (HRN) has announced results for its year ended 31st March 2019, “pleased to report to our shareholders in an exciting but challenging period for our company”

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