Idox – further profit warning as a review finds inappropriate revenue recognition
Writing on a “Year End Trading Update” from information management software and services company Idox plc (IDOX) last month, I concluded continuing to lack confidence here, I continue to avoid. Having headed towards 50p, the shares had since been recovering slightly… but are currently heading towards 40p today on the back of a further ‘year end update’…
- By Steve Moore |
- 13 December 2017, 07:20 |
Plant Impact – disastrous trading update, puts itself up for sale as cash crunch ahoy!
Previously writing on Plant Impact (PIM) in the summer, I concluded the need for contract discussions currently “to revise the structure of the company's contract with Bayer… to reduce current stock levels in the market, the company has agreed to cancel early season shipments” sees me view promised jam tomorrow here even more sceptically than normally… I continue to avoid. Today there’s an “Update, Strategic Options and Formal Sale Process” announcement from the company. Uh oh…
- By Steve Moore |
- 13 December 2017, 04:20 |
Columbus Energy BUY at 5.4p target 26p - a New World
Broker VSA - which is house so not impartial - has published a deatiled research report on Columbus Energy (CERP) explaining why the shares, at 5.4p, are worth 26p. It writes:
- By Tom Winnifrith |
- 13 December 2017, 03:19 |
Optibiotix signs its biggest deal to date, market shrugs it off - Strong Buy
To date Optibiotix (OPTI) has signed six deals each worth £250,000-500,000 per annum in gross revenues to it. We do not know when exactly they start to kick in, although some have done so already. But we know that there is enough there to ensure that PLC costs of c£1 million a year are well covered in calendar 2018 and so the company will record a profit. Now comes news of the seventh - and biggest - deal to date.
- By HotStockRockets |
- 13 December 2017, 02:53 |
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Avanti debt for equity swap - a near total wipe-out for shareholders
Avanti Communications (AVN) the drowning in debt satellite operator, has today admitted that if it does not restructure its borrowings it would be unable to service them. Hence there is a shareholder near wipe-out debt for equity swap planned.
- By Tom Winnifrith |
- 13 December 2017, 02:41 |
Goldplat – positive operational update, still a buy as shares nudge higher
Our 7.75p to buy tip of last month, Goldplat (GDP) has updated on “good progress… on all areas of strategic focus” and “is pleased to announce… formally agreed on an arbitration process for the recovery of the amounts owed” (by Rand Refinery)…
- By HotStockRockets |
- 13 December 2017, 02:40 |
Zytronic – full-year results, argues “significant improvement”. Really?
Having been a successful constituent in the Nifty Fifty portfolio, profits in touch sensors company Zytronic (ZYT) were taken earlier this year at 480p. The shares did continue heading higher, but are currently down to 500p to sell on the back of results for the company’s year ended 30th September 2017…
- By Steve Moore |
- 13 December 2017, 01:35 |
And a Nightingale Sang In Berkeley's Share
Hello, Share Crunchers. As my mum and dad told me to be a modest chap, I rarely blow my own trumpet on this hallowed website. However, when my critics derided a previous tip, it has to be recorded when said recommendation goes on to rise like a rocket.
- By Malcolm Stacey |
- 13 December 2017, 01:21 |
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BREAKING: GOTCHA! Milestone - we can now say for sure that Larry Cummins lied about getting a BA from Oxford
Larry Cummins of Black Cactus and Milestone (MSG) infamy has in SEC filings and - until yesterday - on LinkedIn and on the Black Cactus website claimed to have a BA from Oxford. We have now double sourced this with the University and can now say it straight: Larry you are a fucking liar.
- By Tom Winnifrith, BA Oxon |
- 12 December 2017, 07:08 |
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Tom Winnifrith Bearcast - Oi Lombard Risk is there something you should be telling us?
In Today's bearcast I look at ValiRx (VAL) whose CEO I actually like and at my portfolio, am I worried no? I comment on what Nigel Somerville is up to today which is bad news indeed for Larry Cummins of Black Cactus and Milestone (MSG) infamy. I look at Ambrian (AMBR), The People's Operator (TPOP), Magnolia Petroloeum (MAGP) and how it legged AIM over yet again, at Physiomics (PYC) and finally in depth at Lombard Risk Management (LRM) where the curse of Phil "InterX" Crawford looks set to strike again.
- By Tom Winnifrith |
- 12 December 2017, 06:32 |
K3 Business Technology – trading update, “remains confident of the group's continued progress in 2018”. Hmmm…
A Trading Update from K3 Business Technology (KBT) today includes that it “is pleased to confirm that trading over the remainder of the financial period to 30 November 2017 has been in line with management expectations”. Hmmm, “in line… over the remainder” hey? What does that translate to?...
- By Steve Moore |
- 12 December 2017, 05:20 |
UK Oil & Gas plays fast and loose with AIM disclosure rules AGAIN
At no-one is warching O'clock yesterday, 5.17 PM, Uk Oil & Gas (UKOG) announced that the fourth £500,000 tranche of death spiral loan notes had been converted into shares. Once again it was sticking two fingers up to AIM Regulation with regards to timely disclosure.
- By Tom Winnifrith |
- 12 December 2017, 04:37 |
Ashtead - 'making' or 'made' it happen?
I have had the horn about Ashtead (AHT) shares for a while now, as noted during my write-up a quarter ago. Another quarter, another update...and boy has it continued to clean up with profits ahead of hopes, assisted by the post hurricane-related spend that tends to benefit the construction equipment and related rental business that the company specialises in.
- By Chris Bailey |
- 12 December 2017, 04:15 |
Milestone and Black Cactus, curiouser and curiouser
Black Cactus which is run by proven liar Larry Cummins (BA Oxon NOT!!!) is clearly critical to Milestone Group (MSG) which - without BC - is pretty much worthless. We suspect that even with BC Milestone is sunk so let's go to Companies House shall we?
- By Tom Winnifrith, The Sheriff of AIM |
- 12 December 2017, 02:04 |
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UK Oil & Gas drilling at Broadford Bridge "incompetent & a fiasco" says top Prof in new report
Wmeritus Professor David Smyth knows about geology unlike the morons who root for the grossly overvalued oil explorer run by a proven liar that is UK Oil & Gas (UKOG). The good Prof has produced a new report on what is really going on at Broadford Bridge entitled "Yet more codswallop from UKOG," Over to the great man....
- By Tom Winnifrith, The Sheriff of AIM |
- 12 December 2017, 01:23 |
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Milestone Group: Why suddenly so coy, Larry? Not because you’ve been busted surely?
Further to my weekend expose on Milestone Group’s (MSG) saviour, Larry Cummins and his dubious CV, I couldn’t help but notice that Larry suddenly seems to come over all immodest and has removed all signs of his incredibly impressive education from his LinkedIn and corporate website. Why could that be?
- By Cynical Bear |
- 12 December 2017, 01:18 |
CyanConnode – unaware of how share price decline justified, I review…
Having fallen from approaching 24p at the commencement of last week towards 17p, there’s been a 12:35pm “Stmnt re Share Price Movement” announcement from CyanConnode (CYAN)…
- By Steve Moore |
- 12 December 2017, 01:16 |
Sosandar Trading Update - putting some meat on the bone
Sosandar (SOS), the online women’s fashion retailer, has announced an update on trading. That is the bones. We have chatted to the company and can put some meat on those bones. The news is good. Very good.
- By HotStockRockets |
- 12 December 2017, 01:15 |
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Journalists from the FSU cotton onto the Frontera Resources malarky - full dossier here
Some brave journalists from the Former Soviet Union have produced a major dossier on Frontera Resources (FRI) which should give anyone dumb enough to be invested some major cause to question why. I have secured a translation of the work which I reproduce in full below.
- By Tom Winnifrith |
- 12 December 2017, 01:13 |
This Painter and Decorator of Big Yachts Could be Sailing into a Golden Sunset
Hello, Share Matchers. How’s this for a niche activity: refitting and tarting up superyachts. There can’t be many of them, surely? Wrong. There are more than 1,800 of these big boats. It's the billionaire’s favourite toy.
- By Malcolm Stacey |
- 12 December 2017, 01:05 |