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One is, IMHO, a fraud and the other just has a looming cash crisis. Both faced real criticism last week - I discussed how they played and what happens next.
I don’t write as often about my Sub-Standard Shockers XI as monthly updates saying that nothing much has happened and most of them remain in suspension is pretty dull; however, with 30 April being a crucial day in many of their calendars I thought I would do a quick review of some of the drivel emanating from these Standard Listed entities.
I am sure that some folks wnated to attend this one to pelt my friend Andrew Bell with rotten fruit. They would be pelting wrongly IMHO but that is another matter. Andrew was in plenty of panels but in this Regency Mines (RGM) session it was Scott in charge.
I offered a portfolio of shares to sell for 2018 during the ShareProphets Christmas Tipfest – let’s see how it is doing (albeit a few days late). Into the original portfolio went Frontera (FRR), Milestone Group (MSG), Tern (TERN), UK Oil and Gas (UKOG) and Telit (TCM). Subsequently Milestone changed its name to Catenae (CTEA) and Tern dropped its death spiral so was replaced by Inspirit (INSP).
At a personal level I have always had a lot of time for Christian Schaffalitzky but am off the pace on news from Eurasia Mining (EUA) although staring at the world map on the wall in Joshua's room just above the nappy changing mat I finally worked out yesterday, as I changed an absolutely disgusting nappy, where it is that Eurasia operates. You probably did not need to know that. Over to Christian.
Having asked for readers tips for 2018 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2018)...
This session had to be cut short as the previous speaker Ed Croft allocated himseelf an extra five minutes for his talk. Heck Mr Wray is your host, cut his talk in half so you can yak on a bit more. Not only does Ed tip all the big frauds as STRONG BUYS he has no manners either. Myself and Nigel gave £3,000 ands £5,000 respectively to Woodlarks and that cash is invested in two shares which we hope will prosper. All is explained in this short video
We have been calling out AIM-listed Inspirit Energy Holdings (INSP) here on ShareProphets for an age: we reckoned the boiler room had no cash and its shares were below nominal. On Friday, at 2.54pm, as the market was getting ready for a nice sunny bank holiday weekend (talk about no-one-is-watching o'clock), up popped an RNS entitled “Issue of Convertible Loan Notes”. It is only after reading the whole RNS that you realise that they are proposing to split the ordinary shares of 0.1p into one ordinary share of just 0.001p and a deferred share (with no rights) of 0.099p. Oh, and incidentally, where is the Confirmation Statement on Companies House, which was due on 30 March?
WEelcome to the Taffies, that is to say share tipster tracking site Stockomendation - not to be confused with a company of a similar name noted for tipping as massive buys all the big frauds on AIM. Stockomendation is a useful site and all is explianed in the presentation, by James Bowden, below.
What an odd situation. Optibiotix (OPTI) has been forced to comment on an article in Business Insider relating to Seed Health which, the article states, has purchased LP-LDL for use in its multi-strain product which is intended for launch in the USA in May 2018. Seed Health is hot, being backed not only by Cameron Diaz but by legendary investor Peter Thiel.
Chaired by Brian Kinane of Riverfort this was a real clash of ideas and featured Dominic Frisby, Paul Atherley of Berkeley (BKY), Richard Poulden of Wishbone (WSBN), Peter Bird of Asiamet (ARS) and - making a very welcome return - Amanda Van Dyke, now a fund manager.
Hello Share Trippers. At the grand opening of that great Global Group Uk Investor Show just passed, Nigel Wray, perhaps Britain’s sagest investor, our own Warren Buffet, observed that the private investor gets a poor deal all round. How very true. The gathering of 3,000 of you at Westminster really did give PIs a voice, it is a start.
And that is just part of today's content here on ShareProphets. Coming up later there are 2 more buy tips, 5 more videos a cracking bearcast and much more. But....
Shares in Greek uber scam Folli Follie are off by c30% following the publication of Globo (GBO) destroyer Gabriel Grego's damning dossier last night HERE. It has now issued a denial and threatened legal action. I have spoken to Grego.
AIM-listed Advanced Oncotherapy (AVO) has still not updated the market over its Blackfinch loan which was due to expire at the end of March, a loan which was secured on the company’s Harley Street premises. I also have doubts (still not answered) over the cash from China. But on re-reading through the note from Goetzpartners (which sent Advanced stock much higher on publication) I wonder if I have inadvertently been taking some of Tom Winnifrith’s mushrooms.
If you are having problems shorting the big 1 billion mega scam exposed last night HERE, bearcast has the answer. In other news I discuss Anglo African Agriculture (AAAP), Symphony Environmental (SYM), Weatherley (WTI), Mothercare (MTC), Amur (AMC), Conviviality (CVR) and Ncondezi (NCCL).
A few opening words from Nigel and then a bit about Woodlarks
I have quite rightly slated this stock as being a dog with a bloated cost base and no chance of making money for shareholders. I have been right but the management and fundamentals have changed so it is my second show tip. It is a punt but definitely worth a small flutter.
Yes this was Sula and the drill programme did not work out. Rather than carry on flogging a dead horse while drawing a vast salary as many AIM CEOs would have done, boss Roger Murphy changed the name to African Battery Metals (ABM) and the focus while he stgill had cash at hand. He explains what comes next in the video below.
Bluebird Merchant Ventures (BMV) has announced from the Gubong project “results from the water discharge have been certified to show no heavy metals proving the effectiveness of our water treatment plant”, reinforcing “strong community and government support for the reopening”…
Another day, and another set of expenses claimed by Julie Meyer MBE as being "on company business" from Ariadne Capital Limited, now in administration. Staff who were paid late or not at all, investors who have lost everything and the HMRC who will surely see these as more benefits in kind on which Julie should have paid tax, will be horrified. Natch this document has gone to the HMRC. This is October 2014 and is a retail special. Although the Co-op entry, 11 October, is a total hoot.
Oh dear Julie Meyer. This document below which has dropped into the hands of the Winnileaks service is already with one of the FOUR investors in your companies who is suing you and he is adding it to his case. It will be with the FCA and MFSA later today for it indicates a wholesale fraud on your part. It is dated 13 November 2017.
I start with confirmation that Brokerman Dan and I really are doing a Horse Hill to Woodlarks charity walk on 28 July. Are you free and would you like to walk too? If not just give us your cash ( as Dan used to say in different circumstances in the old days). More details here I then comment on the latest year on year newspaper circulation stats (below) - what is happening, why and what it means.
When Sosandar (SOS) listed on AIM at 15p late last year, the forecast was that sales in the year to March 31 would be £1 million. Now we learn that they were £1.34 million. How many companies beat forecasts by that much in their IPO year? This is a special company as anyone who watched the two birds who run it HERE will know. This is not just about sales. It gets better for we loyal shareholders...
Oh dear. Two grovelling letters from tax evading Julie Meyer have come to me via Winnileaks. It seems that her US assets ( 2 flats) are now under lien to the taxamn (the IRS) as Julie forgot to pay any Capital Gains Tax on the sale of First Tuesday in 2000. She is now begging for a payment plan.
It is just over a month since I updated on my trawl to find big dividends which might be safe in a market environment where I don’t see much upside and plenty downside. Having originally settled on BT (BT.A) at about 225p on a yield of just shy of 7%, I added ITV (ITV) at the last count, paying 143.7p. That puts its dividend at 5.4%, although it went ex-dividend before I bought. Meanwhile I finally succumbed to the attractions (as I saw them) of Centrica (CNA), paying 142.95p ahead if its final dividend. How are things looking?
A “Business Outlook Update” from computer vision technologies company Seeing Machines (SEE) - following an announcement on Wednesday of “Australian Distributor Expands Guardian Commitment” and on Friday of “European Commission Agenda Affirms SEE Tech”, which together saw the shares up from 6.6p to 8.55p. Surely good news then…
As we saw earlier, Julie Meyer has told the US taxman, the IRS, to who she owes vast sums, that her only source of income is - illegal - director loans from Ariadne in Malta. Unfortunately that is a lie. Because, thanks to Winnileaks, you can see below a letter from a Swiss company Vestergaard where Julie is a director detailing her pay in 2017. Check its website and you'll see she is still a director. Ooops, I bet Julie hopes the IRS don't find out about that. Sadly for the devout Christian...
The People’s Operator (TPOP) is one of a number of AIM companies where you have to wonder whether there is really any point in it continuing to stay in business, other than generating fees for its brokers.
As we saw earlier Julie Meyer MBE appears to have forgotten to pay any tax on the Capital Gain she enjoyed when selling First Tuesday 18 years ago. Sadly for her the US tax authorities at the IRS have caught up with the devoutly christian tax avoider but are not demanding all their cash at once because it appears that poor Julie really is flat broke. Thanks to Winnileaks I bring you a filing Julie made to the IRS.
If Italy’s neo-anarchist "Grillini" had combined with anti-euro Lega nationalists two or three years ago to form an insurgent government, it would have set off panic in the bond markets. Yet now that this is upon investors, risk spreads have barely moved as Bond purchases by the European Central Bank and negative rates have enveloped Italy with an enormous comfort blanket as most investors think there is no chance that the ECB will let Italy go down, because it is the end of the European project if that happens.
As I head off to Greece later this week it will be to start training at altitude in the Taygetos Mountains. Only kidding. But i have been taking to the gym and starting some modest walks. I really do not want to be shown up too badly on 28 July when Brokerman Dan Levi and I walk from Horse Hill to Woodlarks.
Hello Share Strikers. In recent weeks, nay months, I’ve advocated buying shares in the big oilers, like Shell (RDSA) and BP (BP.). I was very lucky here. And I still think there’s some way to go, with the price of Brent Crude once again at the top of the tree.
Andalas Energy (ADL) is a company that even after its recent placing has NEGATIVE net current assets of $1-2 million and no assets of any value. I think it is worthless but its management wishes to meet me to explain why I am wrong. Hmmm. Well for starters I am a hermit who never goes to London other than for UK Investor and secondly I simply will not meet until the company answers four questions and it is still refusing.
As the winner of the 2017 Dragon's Den – grand prize, a free trip to anywhere the #73 bus goes, bus fare not included - I have a a reputation to protect. So there would be absolutely no reason to do a check in on how the 2018 leaderboard is doing.
AIM-listed, Houston headquartered, Cayman Islands registered oil/gas play Frontera (FRR), whose operations are in Georgia (and if that’s not a Red Flag….) has confirmed gas flow rates from its Dino-2 well in the Taribani complex. It flowed at 315 bbls per day – well, at least part of one day. Apparently that’s commercial, but I doubt shareholders can count their winnings just yet.
Amazingly, the cash shell that is Standard Listed AIQ (AIQ) – with somewhere around 8-10p per share of cash and nothing else – has again returned from suspension this morning. The shares, having peaked (ahead of the last suspension) at 150p to buy are now in free fall, sitting on a spread (last seen) of 80p (to sell) to 130p (to buy). I have no hesitation in recommending a sell – there is, after all, only 8-10p of value here. What does surprise me is that there has been no official comment whatsoever from the company – or, indeed, anyone else.
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