Hot share tips and all the big AIM exposes from the City's most-connected reporters
Thanks to the Winnileaks service I am able to bring you a document that shows that Nomad Beaumont Cornish and broker Peterhouse have misled investors, costing mug punters tens of thousands of pounds and as such both firms should lose theoir license to practice.
OptiBiotix (OPTI) has announced another sales deal. Like others it is small to start with but will build up and this grows more and more reminiscent of the early days of ARM. Check out the Steve O'Hara quote at the end of the release.
Hello, Share Cinchers. It’s been a while since I last commended British Land (BLND) to you. I don’t regret that, though the share was falling at the time and has yet to really rebound. The company deals in what they are not making any more of and it owns it around the UK, including where it’s most costly: London.
The Nomad and broker to AIM Casino listed Nyota Minerals (NYO) have today announced that they will cease to act as of August 17. So Nyota has one month from then to get new advisers or its shares will be booted off the market. Nyota may well be a worthless bag of shit but it is what the Nomad, disgraced scumbags Beaumont Cornish, and broker Peterhouse Corporate Finance are NOT telling you that is the real scandal.
Safestyle UK (SFE) is a former successful share tip – on which the stance became bank gains and sell earlier this year at around 300p at a time the company noted “macroeconomic factors have introduced an element of uncertainty into the general outlook for RMI demand”, though that “our proposition is resilient”. The following updates with the shares currently circa 12.5% lower on the day, at around 225p, on the back of a “Half Year Trading Update” announcement…
I flagged up a while back how some neo-nonce made inappropriate comments on the ADVFN Bulletin Board about my daughter turning 16 - see HERE. What amazed me were the comments that appeared elsewhere suggesting that - as with death threats received - "while there is no excuse for this , you do ask for it." Truly some folks are morally bankrupt. But not ADVFN.
Cynical Bear wonders whether there might be a read across to AIM-listed Advanced Oncotherapy (AVO) from today’s news from suspended-pending-clarification Kin Group (KIN) in the wake of its announcement that its funding partner had walked because the share price had fallen so far. Certainly, given the cash-back situation for any loan note conversion by Bracknor into Advanced shares there looks to be a point at which the situation breaks down..
A couple of people have asked me for my views since I called the top for EVR Holdings (EVRH) a few months back HERE, following the recent Microsoft and Sony announcements. Well, the more interesting news to me is a recent interview by the CEO with Music Ally (HERE) which hints at further delays, presumably as it’s taking longer than envisaged for all the connected guys to sell their warrants! Let me explain.
On 15th May the renamed from Fitbug Holdings, Kin Group (KIN) was “pleased to announce that it has secured up to £1.125 million (before expenses) of additional funding”. I bet it was – as I noted this bailout funding, with also amongst the conditions “the closing bid price of the company's ordinary shares (as reported by Bloomberg) not being below £0.001 (0.1 pence) for any five consecutive trading days on or prior to the relevant issue date” and concluding it remains bargepole ahoy. The shares had now slid towards 0.05p – and there’s a “Statement re. Suspension” announcement. Uh oh…
To those who sold we could say "oh ye of little faith" but we cannot entirely blame you, Kefi Minerals (KEFI) has taken a good while to deliver but it has now done so in spades. The company has announced that it has signed terms for $135 million of project funding with Oryx Management Limited to finance and operate all the on-site infrastructure at the Company's Tulu Kapi Gold Project in Ethiopia. The planned financing package also includes funding finance charges during a 30-month construction and production ramp-up period. Game on!
When African Potash (AFPO) goes bust and its boss lyin' Chris Cleverley has to look for another job he should have a crack at comedy. His release at no-one is watching O'Clock yesterday was pure genius.
Shares in Image Scan Holdings (IGE) were the biggest risers in London yesterday – up more than 40% to 6.625p on the back of a “Trading Update” announcement…
Hello Share Swivellers. Wincanton (WIN) is not a horse racing set-up, but a haulier and warehouse provider. Doesn’t sound too exciting, until you realise how much modern retailers rely on somewhere to put their stuff before they sell it over the internet.
Following a far from routine “Third Quarter Trading Update” last month which saw shares in Plant Impact (PIM) slide, they recently looked to have stabilised at around 35p – that was until Friday when they strangely slumped to sub 30p. Or is that now ‘strangely… until today’?...
Shares in Advanced Oncotherapy (AVO ) are again tumbling on this fine summer's day. Oh what joy it is to be alive. 350p at peak ramp less than two years ago, they are now just 10.75p to sell. Ouch, I just love the smell of burning share certificates belonging to Bulletin Board Morons in the morning. So what crisis looms? Take your pick.
I have in my hand a little piece of paper which means peace in our time said Andalas (ADL) boss Dave "the rule breaker" Whitby as he announced yet another great deal for his company. But like all the other pieces of paper that he has waved in front of his labotomised army of groupies led by cardboard box dwelling sheep shagger Justin the Clown, it is just a worthless piece of paper - just like an Andalas share certificate. Hat tip to Brokerman Dan for that joke.
There are a number of things you don’t want to hear a central banker say. One of these was recently spoken by Janet Yellen when she said “I don’t believe we will see another financial crisis in our lifetime.” That has to be up there with Irving Fisher’s seminal observation of 17 October 1929 when he said "Stock prices have reached what looks like a permanently high plateau" or John Maynard Keynes’ equally adept forecast from 1927 that "We will not have any more crashes in our time." We are in the Mother of all bubbles and in relation to equity and bond markets we can define these bubbles by longevity (how long has the Bull Run lasted), or valuation (how expensive is the market now).
Proxama (PROX) has announced an “important” partnership agreement with Rail Delivery Group, a group which brings together train operators and Network Rail. The shares have currently though responded to see them amongst the biggest fallers on the day…
Back in February 2017 I was contacted by a private company Africa New Energies asking if I wanted to buy shares in a placing at 11 cents. Since the company is run by Stephen Larkin, a man who takes advice from loathsome Richard "Gollum" Gill I was nor rushing to sign up. But then I was told, but we are going to be taken over soon at 350p per share a bid has been tabled! Er... so is this placing not sort of insider dealing I asked?
My heart sunk last week as I noted that the Plutus Powergen (PPG) boys were at it again with their third Sub-Standard List effort coming to the market in just over a year, despite the first two efforts being absolute flops. Oh well, welcome Fandango Holdings (FHP), you’re in the squad– let’s take a look.
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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