At 2 PM yesterday, Capita Registrars signed off on a shareholder list at that point as being those who could vote at Friday's GM called to oust fat cat bosses Professor Richard Conroy and his henchwoman Maureen Jones from Conroy Gold & Natural Resources (CGNR). Shortly before 2 PM the Professor called Capita and added 500,000 shares to the register - probably enough to swing the vote. What he has done is wholly illegitimate and must be reversed at once if Capita, Nomad Allenby and AIM Regulation give a damn about their own rules and common justice.
21st Century Technology (C21) “is pleased to announce it has been awarded an important on-vehicle safety systems engineering contract with a major UK bus fleet operator worth just over £1m”. The shares have though responded slightly lower to 2.875p…
Hello, Share Crackers. It happens nine times out of ten. A company announces much bigger profits in its half term results - and the share price crumbles. But no need for alarm, as the price usually recovers to strike north again within a few days. An enticing buying opportunity then? Which bring me to today’s tip.
We earn money if you take up a Primary Bid offer and registered with it via us. Notwithstanding that, Frontera Resources (FRR) as A grade crap so do not take up this offer.
On Friday shareholders in Conroy Gold & Natural Resources (CGNR) will vote on whether to oust chairman Professor Richard Conroy and his sidekick Maureen Jones The dastardly duo are doing everything they can to cling on as the vote will be tight.
I’m getting terribly confused about the recent conversions by YA II PN (aka Yorkville) of Series A Preferred Convertible Shares in AIM-listed Frontera (FRR). I refer to the 2017 interims and the recent RNSs announcing the conversions.
Truly some of my fellow shareholders in Falanx (FLX) are some of the dumbest folks on earth. I refer you to yesterday's bonus bearcast which will be a theme for the next 18 months. It relates to Topps Tiles (TPT) where the bad news is largely priced in. But I think I have a £1billion stock that it could take to zero. I discuss Xtract Resources (XTR) and follow up analysis to this article on 88 Energy (88E) post a company chat.
LightwaveRF (LWRF) commences a trading update for its year ended 30th September 2017 with that “the company anticipates that revenue will have more than doubled from the prior year (2016: £1.44m). Gross margin is also expected to have materially increased (2016: 32.5%)”. However, the shares have currently responded slightly lower to 23.5p…
Having missed a target of becoming cash flow positive, though reckoning it was “pleased” with the 30th June year-end cash balance of £11.9 million, payments company Earthport (EPO) is now “pleased to announce”… the result of a placing!...
I have to say I haven’t come across AIM-listed Midatech (MTPH) until now. However, with interims results just released perhaps I could get a handle on it. The problem is that the interim report has a few gaping holes in it, all of which leaves a strong sense of unease. The unease in increased when I note that the recent bailout placing (at a whopping 31% discount) showed up Woodford Investment Management as a major holder. Oh dear, not a good start….
On the surface of it, the retailer Topps Tiles (TPT) looks cheap. Even after today's trading statement the shares, at 73p offer trade on a PE of just 10 for the year ended 30 September 2017. But do not bottom fish. Here's why.
This website has never been a great supporter of Concha (CHA) but the Chris Akers vehicle has today announced an investment which shows you that Purplebricks (PURP) is heading for oblivion. Its "disruptive" business model is going to get disrupted and here is one reason why.
Declaration: We have tipped Ariana Resources (AAU) before, helping our readers to bank offer to bid gains of 72% in one year. This time we are looking for a far more rapid re-rating. Our readers at HotStockRockets enjoyed this tip at a 1.45p offer but the shares - at a 1.5p offer are still a buy. Here's why....
We have warned you often enough that the valuation of Sound Energy (SOU) is que absurd even though the shares, at 55p, are well off 99p year highs. Still anyone not using today's "news" from Morocco as an opportunity to sell is nutso. Here is how a leading broker called it:
Hello Share Eaters. As I write, the share I recommend you look at today is nudging towards its all-time high price. Will it now run out of steam? Not if most of the signs are anything to go by. And meanwhile, there is a vast divi, paid four times a year.
I note some of the comments made about the demise of Monarch Airlines and add my critique. What really struck me is how the 2000 staff will each get just one week's pay. How will they cope? I was today given some data on UK consumer debt and savings levels which is jaw dropping and terrifying. It gets worse. The interest rates we pay on our debts are already starting to rise. Again how will the consumer cope? And what does this all mean for your portfolios and your personal finances?
Previously writing on Hornby (HRN) in June I noted CEO Steve Cooke having stated “having returned the group to a sound financial footing we are now in a position to focus on the next stage of the turnaround plan which will see Hornby progress back to profitability and positive cash generation”. There’s today an “Appointment of CEO” announcement!...
The fine office of Wikipedia informs me that: 'Ferguson is a Scottish surname and given name. The surname is a patronynic form of the personal name Fergus. The name Fergus is derived from the Proto-Celtic elements *wiros ("man") and *gustus ("vigour", "force", or "choice"). Well...you learn something new everyday. Additionally as of a few weeks ago it is the new name of the old Wolseley (WOS, now FERG), the FTSE-100 plumbing and heating kit stalwart.
I start with a discussion prompted by a reader request on whether a brand has a hidden added value which you should account for when making an investment. Another reader asks if it is time to buy back into Eden Research (EDEN). I think he is being spoofed and explain why. Then I look at the latest (non) news from Telit (TCM) and ask if the mortgage fraudster and fugitive from US Justice, Uzi Katz, has dumped his shares. I look at what is happening at Conroy Gold & Natural Resources (CGNR) , at the latest Mosman (MSMN) spoof, comment again on Nighthawk (HAWK) and then at the next Neil Woodford car crash RM2 (RM2).
A 2:32pm – and thus clearly unscheduled – “Board change and trading update” announcement yesterday from Castings plc (CGS) immediately suggested uh oh…
Taking readers suggestions for improvements, we've made it much easier to subscribe to your favourite one-stop source for breaking news and expert analysis on AIM and LSE listed shares. £5.99 pcm gets you access, that works out at sub 2p (inc VAT) per article. Think how much our big red flag calls on the AIM frauds have saved you and hot tips like IQE have made you. Its a nil brainer....it's madness not to sign up.
I cannot blame Jersey Oil & Gas (JOG) for raising £20 million today. It's the smart move. But if it has to offer shares at a 15-20% discount when it's on a roll what sort of discount will UK Oil & Gas (UKOG) have to offer as it seeks to raise £5-10 million with things going badly wrong? I also look at MySquar (MYSQ) after today's article that proves FRAUD. What is not allowed on AIM these days? Would complicity in mass murder be a problem? I give up.
If it sounds too good to be true, it is too good to be true. That brings me to the Cascade (nothing to do with Bill Gates) ramp and Servision (SEV) and a detailed look at why it is utterly worthless. I look at the bogus French bid stories at UK Oil & Gas and how the Froggies are actually dumping the shares ahead of a bailout placing and because they are monstrously overvalued. Its also placing ahoy at Magnolia (MAGP) and Andalas (ADL) which is so shite it makes UKOG look like BP. I look at Blenheim (BNR), the boardroom departures and why its shares are 50% overvalued. Finally I try to work out how soon Condor Gold (CNR) will have yet another placing and why I would not back it at any price.
Hello, Share Scoopers. Sometimes, gang, it makes sense to include advice from a different source when bringing shares before you for a possible punt. Especially when the other analysts agree with me. The boys and girls at Barclays have repeated an ‘overweight’ commendation for two big oil giants, and I’m glad to say I have chunky holdings in both of them.
It is clear that Nomad SP Angel does not care if its client MySquar (MYSQ) issues lies via RNS and it has not bothered to ask the one question that would show very clearly the Securities fraud committed by its client on July 31. It is a sorry state of affairs and I shall be writing to AIM Regulation and to the chairman of the LSE later to ask that SP Angel's license be revoked as it is clearly not fit and proper to run a public lavatory let alone be a Nomad. But now for John Meyer and his fellow dullards at SP Angel here is how your client defrauded investors.
To be fair, just a month and six days after launching in the USA Purplebricks (PURP) appears to be gaining some traction. Already it lists 1,460 apartments for sale in Los Angeles so folks are at least using it. Perhaps they like the claims made on the website Purplebricks.com?
Roger Lawson of ShareSoc bought a few shares in Rosslyn Data (RDT) as a recovery punt in a placing. That he was able to get EIS relief added to the attraction although I still worry he will lose money on this company which I have highlighted many times (HERE) as a howling dog even by the standards of AIM. Lawson attended the AGM yesterday and reports back on what appears to have been a curate's egg in his mind. I think he is being well generous.
Some posts on our comments section are so interesting that they merit a wider audience. Overnight Paul Scott, Britain;s top share blogger, served up a really interesting one on ASOS (ASC), prompted by Malcolm Stacey's recent (bearish) article here. This is really very interesting analysis. The great Scott writes:
Hello, Share Pilots. There is so many predictions of a earth-shattering share crash on this lively website, that we must all be feeling nervous. We all remember a few black days, only nine years ago, when it began to look as all shares would be worth hardly anything at all. Picture your mind’s desolation if that were to happen again. Here are a few precautions you might take.
The past week has shown clearly why MySquar (MYSQ) shares should not be traded on any market, even the AIM Casino. I demonstrated HERE that it had lied to investors in an RNS this month. That lie stands uncorrected. I demonstrated HERE that without any doubt it had committed wholesale securities fraud on July 31. This was chapter and verse stuff and MySquar is now exposed. Yet nothing has happened. As such I have written to my pal the bogus Sheriff of AIM, Mr Marcus Stuttard the head of AIM Regulation
A “Settlement of prior year taxes” announcement from semiconductor industry wafer supplier IQE plc (IQE) commences that “the group recently engaged the services of an international tax firm to assist with a routine US tax filing for the year ended 2016. Unexpectedly, this exercise has identified taxes due in the US relating to the profits of an overseas subsidiary for the years ending 2013, 2014, 2015 and 2016”. Uh oh…
So Jersey Oil & Gas got its placing away at a 21% discount and it is a company serving up good news. UK Oil & Gas (UKOG) has been serving up cold sick to its shareholders and is out of cash so needs a placing ASAP to avoid going tits up. UK Oil & Gas shares are now just 4.5p to sell so at what price do our readers expect the placing? Look away now if you are long, strong, wrong and clearly smoking a bong.
I wrote that I would not comment again on the Internet of Things company Telit Communications (TCM) until borrow became available again. The recall of borrow, it will be remembered, along with buying by various parties such as Davide Serra (the self-regarding nincompoop who complained to both the SEC and the FCA about the truth being told about the Quindell fraud in which he was foolish enough to have a sizeable holding), caused the share price to almost double recently. The good news is that borrow is now possible and the shares are unsurprisingly on the slide. They should be sold with vigour.
If you look at the 2011-2017 gold chart, we are facing the most significant trial yet says gold guru Lior. Gantz We managed to break through support, but that is being re-tested. If we can maintain support, we should see no further resistance up to $1400. This outcome is contingent on what the Federal Reserve does in December.
Having previously warned of a potential breach of “monitoring covenants” in the third quarter, Reach4Entertainment (R4E) “has now determined that the quarterly monitoring covenants for the third quarter of this year have been breached and has notified PNC”. However…
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
At the end of June I commented on eServGlobal (ESG) that the interims argue “strong outlook” & Homesend “sales expansion”, but that the financials remained troubling. There’s recently been a pump – 2nd October; “HomeSend progress in the banking market”, 10th October; “eServGlobal outlook and business update” announcements – seeing the shares up from sub 8p at the end of last month to above 12p, closing yesterday at still above 10p… and so now “the company is pleased to announce”…
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