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Self-described “pioneer in solid-state battery technology and materials innovation”, Ilika (IKA) has announced results for its half year ended 31st October 2017 emphasising that it “has delivered a series of Stereax development and deployment partnerships which are driving revenue growth and enhancing insight into the addressable sectors for its technology”. Sounds promising…
Lube up morons, another £500,000 tranche death spiral loan has been converted into shares in UK Oil & Gas (UKOG). As time goes on this exercise is becoming ever more painful for the morons who own this stock.
A Trading Update for the 2017 calendar year from Tasty plc (TAST) includes that “trading for the period has been in line with expectations”. However, the shares are currently a further more than 5% lower below 30p having commenced 2017 at more than 140p. Hmmm…
The stink surrounding former Dragon's Den Star Julie Meyer MBE, a member of the great and the good, grows by the minute. More and more folks are coming forward to spill the beans and Julie should brace herself for a stack more exposes to follow the exposes already published. Let's start with a letter to Ms Charlotte John, who works for Leonard Curtis, the administrator of Meyer's flagship company Ariadne Capital Ltd. I have sent her a letter. Smiley face.
An announcement just out from AIM-listed central and east European property developer Kimberley Enterprises (KBE) that it is proposing to delist from AIM also tells you that the company is utterly worthless. It’s bag of crisps time – if you can sell now and get anything above your dealing costs then that is what you should do.
AIM-listed Tern (TERN) has announced that it has drawn the second tranche of its death spiral loan early. The first tranche saw Tern’s stock marched down from over 5p to as low as just 1.75p. The starting point for tranche two is just under 3p and the shares have already notched up a low of 2.125p, although they have recovered to 2.5p as I write.
I know I have been loving up Tesco (TSCO) recently, but time today to talk about its Northern heritage industry peer Morrison (MRW) whose Christmas trading statement today observed that:
Hello, Share Crimpers. It’s not often I commend shares in a mining operation. And I have especially avoided talking about the very big miners. The reason is that one can never say with confidence if commodity prices are going to rise or fall. However, there are clear signs that general demand for metals and minerals is at last improving.
In today's podcast I reflect oin how good it is to be back at home with my son and heir Joshua causing me sleep deprivation and Oakley the cat pissing on the doorstep. I end with my battles with Bath Spa which continue but I have an invitation which would allow me to go National on it if BS does not do the right thing. I explain this. The meat of the podcast covers MySquar (MYSQ) - the fraudtsers - and Julie Meyer MBE, Mothercare (MTC), Conroy Gold (CGNR) and Prospex Oil & Gas (PXOG). Finally I have a question or two for Fishing Republic (FISH) about its acting CEO
A “Trading Update” from household and personal care products manufacturer McBride (MCB) commences that “the group starts its second half year with Household sales growth prospects significantly ahead of expectations”. Good news then? Er, the shares are currently circa 10% lower heading towards 200p…
I can’t say I know an awful lot about AIM-listed Victoria Oil and Gas (VOG), beyond its (still) pending farm-out deal with fellow AIM-listed Bowleven (BLVN) which continues to await approval from the Cameroon authorities. But I do know is a 20% share price fall and an unfortunate after-hours RNS looks pretty bad – both for the company and for AIM in general. The question is what went on and whether the company and its Nomad behaved badly, or whether it was simply the effect of the blind application of AIM Rules.
In part one of the review of Julie Meyer's career as an an investor we finished our round-up with Taggstar, a company where Julie "doing the will of God" Meyer MBE was the sole director until 12 April 2017 and which went tits up in June 2017 leaving unpaid bills of £924,340. The report of the liquidator is damning and accuses Julie and Ariadne Capital of fraud and theft.
Metal Tiger (MTR) has updated on drilling results from the project in the Kalahari Copper Belt, Botswana in which it has a 30% interest, including “highest grade intersection to date at T3 from latest and final batch of assay results”…
According to companies House ex Dragon's Den Julie "doing God's will" Meyer MBE is or has been a director of 13 companies. Flagship Ariadne Capital Limited is now in administration, while EntrepreneurCountry Global has some "interesting" accounts and you would not bet the ranch on it surviving long as explained HERE.
Previously writing on marketing services group System1 (SYS1) in October I concluded that the circa 400p share price looked to not reflect the trading risks and to continue to avoid. Today a Trading Update announcement…
There is religion. There is evangelical religion. And there is Holy Trinity Brompton Religion. HTB to its pals. It is a church, dominated by the rich and well heeled, whose pastor Nicky Gumbel pioneered the Alpha Course, the zealous evangelical outreeach programme designed to breath fresh life - and an uncompromising message - into the Cof E. And Praise be the Lord...I see that Julie Meyer MBE tweets away for she is among the faithful.
This time last year I was worried about stock markets. Most had been going up for too long and were too expensive and I thought that this great bull market must be near an end. I was worried about politics: the QE-driven rise in wealth inequality was having consequences – most obviously Corbynism and Trumpism. I expected to see growing state interference in the economy as governments tried to shift profits from managers and shareholders to workers and I was especially concerned that the monopolistic US tech stocks would end up at the centre of that storm. As usual I was a bit early. Last year offered a fair amount of political turmoil but not that much drama.
In 2016 to great fanfare Julie Meyer's Ariadne Capital announced that it had secured the services of Ilona Simpson as a "senior advisor and venture partner". Heck who would not want to work with Julie Meyer MBE, a member of the great and the good. Ilona is clearly a real BSD in the world of auto and this was a big hire for Meyer. Wind forward to today in Royal Courts of Justice at 2PM
Hello, Share Samplers. Many years ago, I lost money on a company called Stanelco. It became Biome Technologies (BIOM) and I had another go. After a few moribund years, it suddenly took off and I sold to make a fair fist of dough. The reason the price spurted was that there was a hoo-hah in the media about takeaway coffee cups. The huge majority of them cannot be recycled, which means millions of the little beggars are cluttering up the environment. In Blighty alone, we get through two and a half billion disposable cups a year.
In today's podcast I start with a few more words on Julie Meyer MBE although my formal series on her will only continue tomorrow. Then it is onto Neil Woodford in light of today's most excellent piece by Cynical Bear here. Finally I comment on the fraud MySquar (MYSQ) in light of today's article in the Sunday Times.
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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