Hot share tips and all the big AIM exposes from the City's most-connected reporters
Yesterday at 5.57pm this RNS was released by AIM-listed (for now) Nyota Minerals (NYO). It followed this RNS at 7am that morning. Nothing extraordinary, two TR-1s issued but it seems that former chairman has been offloading shares issued to him by the company in lieu of director fees in short order.
Amryt Pharma (AMYT) has announced new data from a long-term safety and efficacy study of Lojuxta in the treatment of Homozygous Familial Hypercholesterolaemia (HoFH). Try saying that after half a bottle orf whiskey. Remember that Lojuxta which was licensed in last December is the second of three strings to the Amryt bow.
Those who heard Paul Atherley of Berkeley Energia (BKY) on the main stage miners session at UK INvestor Show 2017 will be well versed in the uranium bull case. Paul is booked in to be back again in 2018 for a refresher but I need no convincing, we have a few of his shares just in case. Meanwhile here is another crash course on why you need uranium exposure.
Big Sofa's (BST) AGM went smoothly enough but the market seems to have overlooked the statement from chairman Nicholas Mustoe. It really is very exciting indeed. Mustoe stated:
The attempted robber barons of the InterQuest (ITQ) management buyout team (at Chisbridge Ltd) have made an “Offer Declared Unconditional in All Respects” announcement - and the InterQuest independent director, David Higgins, has responded…
Audioboom (BOOM) has today announced that CFO, David McDonagh has left "with immediate effect". It says it is looking for a replacement but gives no reason for the departure. And oddly this resignation occurs just one week after the company published interims. It was clearly not planned.
Hello, Share Twiddlers. The older ones among us may remember a great TV comedy sketch in which an AA man clashed with an RAC man. They were trying to sort things out after their respective members came head to head in a narrow lane, where only one could pass. That was in the fifties when they still made good telly. And though we no longer have quaint AA or RAC boxes by the roadside, the AA (AA.) has a powerful history, supporting a brand which is never forgotten.
Having already declined from approaching 50p earlier this month, shares in Vertu Motors (VTU) are currently slightly further lower, at 43p, despite an “AGM Statement” announcement including that “at this stage, the board expects the group's trading performance for the year ending 28 February 2018 to be in line with market expectations”…
I wrote last week about ITV (ITV) pinching Easyjet (EZJ)'s CEO Carolyn McCall and no doubt she is rubbing her hands together thinking not just about her new pay and incentives package but after today's update...also a fourth series of Love Island. The show only a minority of you will ever have viewed figured prominently in today's corporate presentation as ITV's management team attempted to get down with the kids - and rev up the financial analytical community - with lots of excitable statistics about viewer levels, website interactions and app/short video downloads.
Plant Impact (PIM) has announced the conditional placing of new shares in the company at 31p each raising a gross approximately £4 million, with the announcement also including “the placing place (price?) represents a premium of 6.0 per cent to the closing mid-market price of 29.25 pence per existing ordinary share on 25 July 2017”. Hmmm…
Andrew Monk of VSA Resources has a geography lesson for those following oil explorers. Believe it or not the hot spot is not somewhere close to Gatwick Airport but somewhere a bit more exotic.
Since we previously updated on Obtala (OBT) at the start of this month, there have been developments including a quarterly report. The shares are down but is this fair?
I must apologise. Yesterday I wrote an article stating that Totally was in breach of AIM regulations in not making an announcement about its CFO getting another job. I was wrong; I have given myself a good and proper birching this morning and am here to beg forgiveness.
Lucian Miers' 3.1p short call on UK Oil & Gas (UKOG) seems to be, at present, right up there with most of the share tips of the market abuser Chris Oil in the pantheons of duff calls. The shares surged yesterday to 7.25p-7.3p. Ouch.
Nu-Oil and Gas (NUOG) is a company that I covered a couple of weeks back as being totally over-valued, and although it has pulled back a bit I think it potentially has further to go.
Oh dear. Poor old Evil Knievil who has been a perma bull of Watchstone (WTG), the former Quenron (QPP), loftily dismissing claims by Slater & Gordon for £637 million and my analysis as not worth the paper they were writen on. Oh how bullish was the great man, at 141p, just a few weeks ago as he posted his bon mots on a Bulletin Board. The shares have duly plunged to just 97.5p so costing EK and his fellow BB Morons a good packet. Poor Evil. Poor BB Morons.
Time Out (TMO) has updated on the first half of 2017, arguing “we are well positioned to drive further growth, transactional traffic and monetisation of our unique content”. The shares though, at 138p, remain below the 150p June of last year AIM listing price…
Hello Share Shedders. When I invested in Royal Mail (RMG) on the golden day it went public, I made an instant paper profit. I sold the shares soon afterwards at an even bigger gain. However, others in my family, hung onto their shares. And since July 2016 there has been a slough of despond.
With a calendar financial year and no updates on trading since 21st March-announced results for 2016, a “Trading Update” announcement from waste management company Augean (AUG) seems routine. However, the shares are currently circa 14% lower, at below 55p…
Oh dear, this really is a clusterfuck even by the lowly standards of the AIM Casino. You will remember that AIM listed Glenwick (GWIK), linked via Peterhouse Corporate Finance and Amanda Van Dyke to fellow AIM dog Paternoster Resources (PRS) in a related party snakefest, has had its shares suspended an RTO but there have been a few problemos. Oh dear. Oh dear.
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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