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I noticed this morning that AIM Listed Lighthouse Group (LGT) had put out a rather dull announcement. As such it was on my radar and as I sat down on the train from Bristol to London who should wander in but ex Lighthouse boss Allan Rosengren. I learned that Rosengren is Swedish not Norwegian as I had assumed and that he had bought a few more shares in Lighthouse taking his holding to 15%. So should we all follow him?
While we have been treated to what it feels like a never-ending base building phase as far as Caza Oil & Gas are concerned, it would appear that after the best part of two years of finding a floor at and below 10p, bulls of the stock may finally get what they have been wishing for.
Having been one of the Leni's greatest fans in the recent past, it is difficult to look at the latest development in terms of the price action without taking the view that not only do we have a painful looking chart gap to the downside on hands, but that we are now forced to look at the daily chart in a rather more downbeat fashion than we have become accustomed to.
I have long been a fan of First Property (FPO) the AIM listed property fund manager and investor but its exposure to Poland is worry as all the signs are that out East the shit is about to hit the fan. I wonder if it is worth the risk of hanging on in First Property? On balance I wouldn’t.
So what is going wrong in Poland?
It’s edge of the seat stuff at the moment for investors in Red Emperor Resources (RMP). At least it would be if any were still awake. It’s now been ten months since the Horn operated Joint Venture updated the market with its second disappointing result in Puntland; ten long, dull, boring months.
As most of the AIM resource sector has gone into meltdown, Red Emperor’s share price has been pretty stable. OK so it is true much of this stability is down to the fact the share price crashed through the floor much earlier than others, but
What can be seen on the daily chart of Amur Minerals (AMC) is the way that the latest 3.35 million shares purchase announcement comes after what has been a constructive build to the price action for several months. While we are probably not looking at an overnight sensation, it would appear that over the summer the stock will head back to the levels seen in 2011.
Bowleven (BLVN) has been and remains a favourite of mine on the fundamental front. However, with the shares of the oil & gas group languishing around the 63p level and back to the levels seen at the turn of the year, the question that has to be asked is whether we are looking at a breakdown or a buying opportunity?
AIM-listed provider of business training and consulting services, ILX Group (ILX) has been a dismal performer I have covered for a number of years now – the shares down from 40p in 2009 to hit 7p earlier this year. However, a new management team – led by the sector experienced Wayne Bos who joined the board in August 2012 – is now seeking to deliver a turnaround.
On the face of it we can say that the recent price action as far as Medusa Mining will only have brought joy to those who have decided to go short and stay short. The issue now is whether after such carnage in terms of the price action we may have a possible bargain-hunting situation on our hands?
AIM-listed, Tanzania gold producer Shanta Gold (SHG) has announced it has “entered into forward sale contracts over an additional 9,000 ounces to be delivered during the period to March 2014. These forward sales were secured at an average price of $1,362 per ounce. The company now has in place total outstanding forward sales contracts over 30,000 ounces through to March 2014 at an average price of $1,398 per ounce”.
Physiomics is another of the more obscure minnows showing up on the technical radar at the moment, and even though the current share price which is in the middle of the past one-year range may not immediately appear to be compelling as a buying opportunity, from a technical perspective there is plenty of excitement to be had.
As you might imagine, it is difficult not to have favourites amongst the dozens of stocks and markets you may be looking at from a technical perspective at any one time. In the recent past, the stock that delivered everything promised was Tethys Petroleum (TPL), as a break of 50p targeted 65p, and this was duly hit within a few days. As far as Scancell is concerned, it would appear that we have an almost identical charting setup here.
After the June 18-19 FOMC meeting, the U.S. Fed has injected more fear than calm into the gold market. The U.S. Comex gold futures inched up 0.52 percent on Wednesday after the Fed has released its FOMC statement. On Thursday, the gold futures plunged as much as 7.18 percent to $1,275.40 before finishing the day at $1,286.20, the lowest level since September 2010.
Forbidden Technologies (FBT), the AIM-listed owner and developer of leading ‘Cloud’ video post-production and editing platform, ‘FORscene’, has announced an up to £9 million fundraising for expansion and further development. Conditional on 15th July General Meeting approval, £8 million is to be raised via a “significantly oversubscribed” placing at 20p per share, with a further up to £1 million via an open offer at the same price.
Today's AGM statement from online dating business Cupid (CUP) throws up far more questions than it answers. It does nothing to ally my bearishness as I have explained in numerous articles on the website and elsewhere. But to get the ball roiling here are two questions for the Cupid-ites to answer.
The first concerns cash.
Jubilee Platinum (JLP) yesterday announced that is paving the way to greater things by disposing of non core assets and updating on the PLA acquisition. Leon Coetzer, the CEO, stated ''The Transaction brings together strongly complementary assets forming an enlarged group consisting of operational mining and processing assets.'' The shares now trade at 7p valuing the company at £25 million – the year low is 5.375p and the year high 13.5p.
The cliche is that no one rings a bell at the top or the bottom of the stock market. However in technical analysis the next best thing to a ringing sound is a chart gap. This event has just been served up on the daily chart of Greka Drilling.
Today Rio Tinto (RIO) is re-testing a previous support line dating back to October 2011. The most striking feature on the chart is the underperformance relative to the FTSE 100.
AIM-listed designer, developer and distributor of electronic displays Densitron Technologies (DSN) has updated that, at present, “the level of sales are in line with those achieved in 2012”, as “the difficulties in closing business that were encountered during the second half of 2012 have continued into the first half of 2013”.
I have always been a believer in “the trend is your friend” but on 22 May I was on my guard when my unique sentiment indicator flashed a warning to the bulls. From that moment I expected the second chapter in the chaotic zone I wrote about on 5 April to start. This time it looks like it’s for real; Gold is collapsing, 10-year bond yields are rising, mining stock that have been at the forefront of the bull market since 2009 are making new lows. More importantly the Fed and other central Banks are living in cloud cuckoo land.
After a lengthy hiatus, the Bulletin Board Moron of the Week has returned, thanks to the unrelenting lobbying of ShareProphets member Juicin Drumroll.
In today's bearcast my mind is a bit elsewhere as I explain HERE. But I cover SalvaRX (SALV), Optibiotix (OPTI), the fraud MySquar (MYSQ) and Falanx (FLX).
I have already covered results from Falanx (FLX) in bearcast but there is one matter than niggles me in the annual report – the “resignation” as a director of CEO Stuart Bladen. Let me explain…
Prompted by a reader I wonder exactly what Gavin Burnell of Globo infamy is doing round at Novum Securities these days?
As well as the public censure and fine announced yesterday for MBL Group (MUBL) two AIM Cesspit companies were fined and given private censures by the clowns at AIM regulation. But who are the naughty boys who misled investors and market and what does waste of space AIM Regulation boss Nilam Statham hope to achieve by this?
Recorded and transmitted from the Greek Hovel I appear to have upset someone because my ,language has become too ffing clean. Whatever. In this podcast I look at Andalas (ADL), Frontera (FRR) and Online Blockchain (OBC), Clem Chambers' block-spoof.
A day after pretty poor results from AIM-listed Falanx (FLX) and we have two RNSs announcing that the boardroom has been buying shares. Is it good news? Er…..to quite Shania Twain, that don’t impress me much.
Following the latest Walcom – customer still not coughed up, now its off to the lawyers, here's an August ShareProphets China AIM 'Filthy Forty' performance update...
Cynics will say that Falanx (FLX) delayed its results until August so that it could sugar the pill of not exactly sparkling numbers for the year to March 31 2018 with news that it achieved EBITDA profitability in July. Perhaps there is another reason. Certainly, no-one could describe what has been served up as sparkling and we shareholders will only be hitting the ouzo to dull the pain not to celebrate. The shares are down by 14% to 4.15p-4.4p, valuing the company at £11.1 million at mid. Is that an over-reaction?
Too many years ago to remember my most influential old boss gave me the nugget of investment advice that 'there is nothing more complex than an insurance company'. Broadly I have shared such sympathies over the resulting time period and it has probably saved me more times than it has hindered me. However in the light of this week's esure (ESUR) takeover by Bain Capital, I thought I would have a quick look at Admiral (ADM), which reported first half numbers today.
Castings plc (CGS) has updated commencing “demand from our main customers' remains strong” - so why do the shares remain well down on the comfortably more than 450p they were at early this year?...
I first commented on Nanoco Group (NANO) here with the shares at 64p in 2016. The stock has subsequently approached 22p, but jumped on a ‘Material Development and Supply Agreement’ in February – and closed yesterday at 47p. It is currently though more than 10% lower today on the back of a year-end trading update…
Despite Boxhill Technologies (BOX) announcing on 30 July that it still hoped to get its audited accounts out by 31 July, it has still failed to do so and this morning’s announcement of further delay looks pretty terminal to me. Let me gloat, sorry, I mean please allow me to explain...
I noted last Thursday that in the wake of updated Directors’ information (Messers Leith and Ritchie having missed out ten insolvencies) and the clarification over forecasts for Device Authority that one wonders what will come out next from AIM-listed Tern plc (TERN). Well, on Monday it announced it had appointed Allenby as Nomad. What I wonder is whether WH Ireland jumped or was pushed?
Shares in MBL Group (MUBL) closed approaching 18% lower yesterday on the back of a 3:54pm “Cancellation of Admission & Notice of GM” announcement, which followed a 6:04pm “AIM Notice and Update on Proposed Cancellation” announcement on Monday…
Historically a provider of health, safety, hygiene and environmental consultancy services, PHSC plc (PHSC) decided to diversify into security technology and associated systems. How do results for its year ended 31st March 2018 show things going?...
Hello, Share Cuddlers. August is a dead month for the kind of stock market news which causes a share to soar or crash. On the whole, values slowly decay. Not necessarily because companies are in trouble, but because volumes are low. And they're slow not for any interesting reason, but for the prosaic fact that many of the big traders have swapped their screens for a bucket and spade to keep their holidaying kids happy.
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