Hot share tips and all the big AIM exposes from the City's most-connected reporters
AIM-listed Advanced Oncotherapy (AVO) has announced that the final Coupled Cavity Linac (CCL) module (part of the LIGHT system) is ready for shipment to the company’s Geneva Testing facility. All very good news, no doubt, but what is the cash position of the company?
Disgraced share ramper Roger Lawson is now posting in the comments section on this website. We believe in free speech and allow him to post his jackanories here. When he defamed mew and Ben Edelman on the ShareSoc website he stopped us posting a reply. We rebutted his spurious threat to seek an injunction against me for harassment last week HERE. Ramper upped the ante by misleading poor Audioboom to get podcasts taken down as you can read HERE. Today we bite back big time.
Sylvania Platinum (SLP) is a company which I’ve followed for quite some time and hold shares in myself - and I view today’s unexpected acquisition news as being positive for the company moving forwards.
Bubbles and Busts are both created by the US Federal Reserve and US Presidents are merely along for the ride. Presidents like to credit themselves for the bubble feel good upswing and then they look for scapegoats, usually the free market during the painful busts. Early on President Trump made a big mistake as he tried to portray himself as the cause of the current rise in the stock market...
To help publicise the Financial Reporting Council's investigation into the accounts of outsourcers Mitie Group (MTO), its former CEO, enobled by Call Me Dave Cameron, has graciously - we assume - sponsored this week's bulletin board moron competition.
Previously writing on Utilitywise (UTW) it was a case of it having been wise to red flag, as (Utility)unwise energy consumption projections see the shares crash. I concluded ‘is there anything else to emerge from the changes required to ‘increase transparency’? The visibility here sees me continue to avoid’. The shares are today further lower on “Early Adoption of IFRS 15” and “Trading update” announcements…
There were many good nominations this week making selecting the selection of a winner a difficult one. But we persevere.
Echo Energy (ECHO) the overvalued wannabee oil explorer has today announced that it is firing its retained broker Brandon Hill. This is most unusual.
The Financial Reporting Council has announced that it has opened a formal investigation into the accounts of outsourcing group Mitie Group (MTO) for the years to March 31st 2015 and 2016. Mitie is in the spotlight and auditors Deloitte will also be investigated. So what has Baroness Ruby got to say about this?
It may be off your radar but Anglo African Agriculture (AAAP) is a standard list company originally floated by Andrew Monk of VSA Resources but where big Dave Lenigas took over as chairman last Autumn. I should declare that we are shareholders and for what it is worth I am relaxed about the progress Big Dave is making, something that is not evident in legacy interims out today. VSA Resources still acts as financial adviser and broker and Monk is on the board. But I suspect not for long.
Hello, Share Spooners. Given the ageing and less healthy world population, I have often said that the big pharmaceuticals offer a buying opportunity. But as usual with medical advances, progress has been slow. I hold shares in GlaxoSmithKline (GSK). But although I’ve often been tempted to dive into its big rival AstraZeneca (AZN), I have resisted the urge. Now I’m rather glad I did.
Copper prices have remained volatile but continue to push higher, and if this continues it will be a very bullish signal for both producers and those looking to bring new projects online.
My good pal Roger Lawson will be receiving a superb see you in Court Bitchez letter from my lawyer tomorrow addressing his spurious allegations of libel to go with the one I sent last week concerning his spurious claim of harassment. On Friday his lawyers misled poor Audioboom (BOOM) bullying it to take down an April 2016 bearcast by telling porkies as you can read about HERE. So here is a new bearcast for Roger, for ShareSoc which really needs to consider its position and its association with Mr Lawson and for Barbara Streisand.
When disgraced AIM casino posterboy Mercantile Ports & Logistics (MPL) moves from being a member of the minus 98% club in which it currently sits to being a member of the minus 100% club, I want it known that Nomad Cenkos has been fully aware of massive issues all along and has done nothing other than bank obscene fees. As such we have run a series of letters from a big shareholder to Amber Wood, head of Corporate Governance at Lagos Securities, HERE and HERE and HERE and HERE and HERE and HERE Now for letter six which puts fragrant Amber and Lagos, Nomad to the Quindell (QPP) fraud as well, on notice for when the final wipeout occurs that they will be held accountable. This letter has also been cc'd to AIM Regulation - I know they are useless but surely even they must realise that Lagos Securities has "form."
Tungsten Corporation (TUNG) released its prelims for the year to April 2017 this week and there are few signs that a viable business is emerging from the mess left by founder Edi Truell.
Did you lose money on the wipeout at AIM Casino Paragon Diamonds (PRG) run by Philip Manduca? If so there is, perhaps, a chance to get it back from Nomad and broker Northland which made a killing on fees from Paragon and signed off on all of its statements, the veracity of which has been questioned.
On Friday at 4.30 Provexis (PXS) announced that it had raised £240,000 at 0.5p on top of the £350,000 it raised in May and it has now announced that it had opened the offer out to customers of PrimaryBid. But before you all rush ....
A business story that I have found facinating is the attempted takeover of NISA (the food shop people) by Sainsburys. We don't cover it because there is no investor angle. But the human angle is, always, unpredicable.
In five year time, the king of the fraudsters, Rob Terry of The Innovation Group and Quindell (QPP) infamy says he will be floating his latest ponzi, Quob Park Estate for $1 billion. Bollocks. There is more chance of me getting lucky with the entire Dallas Cowboys cheerleaders squad within the next 48 hours. As the SFO investigation into the £3 billion Quenron fraud ratchets up a gear, the only thing Rob Terry will be doing in five years time is praying that his next Roomie at Ford Open doesn't have a taste for ugly older men.
AIM-listed ASA Resources (ASA), formerly Mwana Africa, has been getting into a right mess of late, with significant funds having been remitted from operating subsidiaries in Zimbabwe and not properly accounted for. Funds remitted to group entities in Hong Kong have not been accounted for and it seems that the bank accounts in Hong Kong appear to remain under the control of two recently sacked directors, Mr Yat Hoi Ning (CEO) and Mr Yim Kwan (FD). It is an all too familiar story for followers of the ShareProphets AIM-China Filthy Forty: directors walk off with the cash, get sacked but can’t be reached. Now ASA tells us that it’s shares are suspended pending financial clarification – and a third director, Mr “Brian” Ching Fung Hung having gone AWOL has now also been removed from the board.
Nine share tips tips, defending Churchill, and not missing Nigel Wray. And much more...
As I write shares in AA Group (AA.) are down by 23% at 89p and you will never gbuess which high profile fund manager is a major holder, largely for the dividend income. Yup you got it, its Neil Woodford and yes the dividend is being slashed.
You may say that fundamentals don't matter on the AIM casino. In the short run you are right - sentiment drives share prices. But in due course fundamentals always out and that inherent valuation mismatch is your opportunity to buy cheap, unloved, stock or to short over-promoted crap. And that brings us to UK Oil & Gas (UKOG), now just 1.375p after yesterday's disastrous news from Broadford Bridge. So what is it really worth?
No I have not changed my mind. I am still a bear and stand by my target price of 0.4p but after chatting to a number of folks I try to see if there is a bull case. And I record this before setting off to the Greek Hovel which is my main focus of attention pro tem to prove to my friend and fellow Hammer, Thirsty David Bick that I am still alive, I hope that he takes up my invitation to come and watch the foul mouthed ladies of West Ham in action.
Once again Waseem Shakoor has been vindicated and those morons who ignored his sensible analysis and attacked him have done their conkers. Waseem stays short of UK Oil & Gas (UKOG) and his tweets over the past 24 hours ( starting with the most recent) explain why. I think his analysis of where next is very similar to mine of earlier. Over to the great man...
"I am tomorrow, or some future day, what I establish today. I am today what I established yesterday or some previous day." So said the great Irish author James Joyce. But the question for lackey Nomad James Joyce at WH Ireland is whether his client UK Oil & Gas (UKOG) has a tomorrow, has a future day at all? A statement is needed now to clarify the financial position of his client.
KEFI Minerals (KEFI) has updated that its “activities have been unaffected as regards its daily interface with the various government agencies and with the community at Tulu Kapi” following the Ethiopian Prime Minister’s recent resignation and the concurrently announced State of Emergency - and that it “believes its finance plans remain unaffected”…
Last October I talked positively about Lloyds Banking Group (LLOY) versus one of its challenger peers, noting:
Hat tip to Andrew Monk of VSA for spotting this paper from Hult Business School. It does give you food for thought. Certainly why would anyone invested in a heavily indebted business with bigg exposure to the carrying value of cars as we known them ( Northgate or BCA Marketplace for example) or the AA? Maybe Neil Woodford should read this and ponder before he buys any more shares in the AA or BCA?
Loyal readers will know that I, like Mr Woodford, love a quiz and with my favourite week of the year fast approaching, I thought I’d run a (simpler) quiz with a Cheltenham-related prize. There’s only two questions, so I’m hoping for more than one entrant this time!
Previously updating, we noted HaiKe Chemical Group (HAIK) potentially in the 'geong, geong' stage. There has since been developments - and what does the 'Filthy Forty' look like now?...
Previously writing on energy services company Flowgroup (FLOW) in December I concluded there looks much to do, including noting potential working capital support required. There’s now a Funding Facility and Related Party Transaction announcement…
Concepta (CPT) has always had a twin track model for rolling out MyLotus in China - direct to hospitals (B2B) and direct to individual punters (B2C). On the latter front we now have news.
Chocolatier and retailer, Hotel Chocolat (HOTC) has announced results for its half year ended 31st December 2017, including emphasising “another period of strong progress… with growth in both sales and profits” and “a strong differentiated brand which offers great products and customer service and that is priced as an affordable luxury, gives the board confidence in the group's continued progress”. So why have the shares responded lower, towards 300p?...
I previously wrote on touch sensors company Zytronic (ZYT) in December, concluding then that a circa 500p share price looked little, if any, better than fair enough. There is now an update on the first four months of its current financial year…
Hello Share Splurgers. The name Prairie Mining (PDZ) might give an impression that it’s a green company. Yet it deals in coal. But this coal is ideal for making coke, and from school days I think this is a cleaner alternative to the stuff we burned to keep the ‘frost flowers’ from the inside of our windows in the ‘fifties.
AIM-listed Milestone Group (MSG) has this morning posted the most awful set of results. Having been on the AIM Casino since 2003, the company clocked up losses of £2.26 million on revenues of a paltry £24,640. Retained losses stood at a jaw-dropping £33 million and the audit report (needless to say, missing from today’s RNS) contains, we are told, a material uncertainty paragraph. I should coco.
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