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Madness is afoot at FastForward Innovations (FFWD) with the excitement about the impending listing of its cannabis play, Nuuvera, driving the share price up as high as 30p yesterday. This makes no rational sense as I will endeavour to explain but the summary is simple – if you like Nuuvera, buy it in the market for its market value rather than at 4-5 times its value!
We review the performance of the top shorted London-listed shares as at the start of each year. For 2017 that review is HERE and, from the FCA's spreadsheet of short positions required to be disclosed to it, we now have the ten top shorted London-listed shares at the start of 2018...
Hello, Share Twinklers. Oil is the hot sector at the moment. The price of Brent Crude is recovering fast. Still a long way to go to those heady days of the $120 barrel, but it’s moving up strongly again.
On 11th December CyanConnode (CYAN) noted the (downward) movement in the share price and that it was “not aware of any corporate developments that justify such a movement”. Today a Trading Statement announcement. Should be fine then…
In today's bearcast I look firstly at Debenhams (DEB) and its Christmas trading statement/profits warning. I do not believe what it says on cost cutting going forward and explain why. I do not believe its profits guidance for 2018 either and as such even on an apparent 2018 PE of 7 it is a sell. I also look at Ethernity Networks (ENET) - six months from IPO to shock profits warning, what a disgrace and at Be Heard (BHRD) which forgets that sales are vanity...
Previously writing on Cambria Automobiles (CAMB) I stated trading “in line”, but can that be continued? Today there’s an announcement of “Franchising developments & AGM trading update”…
I knew about this. I was an insider as well as a loyal shareholder. And for that reason I declined to make Fox Marble (FOX) one of my tips of the year. Otherwise I would have been sorely tempted. 2018 may well be the year of the Fox.
I have already given my excuses concerning my 2017 tip of the year Whitbread (WTB), which only went dully up last year. I concluded in that piece that I would 'hold on' and I am. Today's announcement of a change at the top of the company's management structure reiterates such a position.
Like London buses you wait for ages and then suddenly they all arrive at once. Big Sofa (BST) has announced two major contract wins with Target Corporation, a leading US retailer, and Zurich North America, the US company of the global insurance group.
Ex Dragon's Den star Julie Meyer MBE has always struck me as a massive self publicist and an AI bullshitter. Her UK firm Ariadne Capital was put into administration on December 15 but Meyer has published a video (below) claiming that this was all planned and something "every entrepreneur has to do." Hmmm, it is worth having a butchers at La Meyer's track record and also Ariadne's accounts.
After leaking stories of a bid approach to the fraudsters favourite website, MySquar (MYSQ) put out an odd statement yesterday. The shares rocketed. What to make of it all? Remember this is a company that comitted large scale and blatant securities fraud in July 2017 and view matters in that context.
On setting the competition at the end of November, shares in UK Oil & Gas (UKOG) were 3.85p bid. It was unlucky for Dave Jenkins as a share price-bashing “Operational, Technical & Corporate Update” was announced at attempted no-one watching o'clock 27th December - I was watching though...
Hello Share Twangers. After a phoney war start, this winter is turning out to be quite chilly. Most of us saw snow over the Christmas period and though things have warmed up a bit now, there’s still an icy wind blowing. And it's even colder in many parts of the world, including the USA which is seeing temperatures plunge to record lows. Europe has also been unnaturally cold. All this has the effect of using up oil reserves.
Concepta (CPT) has removed an unwanted duplicated cost by letting go of Beaufort Securities as its joint broker, leaving Novum as its sole broker. That's the good news. The less good news came on the last trading day before Christmas when we were told;
With “the number of active engagements increased significantly in the year and currently stands at around 100”, an AGM statement from Applied Graphene Materials (AGM) emphasises “the board remains pleased with the progress that the group is making towards the commercialisation of its products and proprietary technologies… Following on from our initial production orders the business secured additional production orders”. Sounds encouraging…
In today's podcast I spend a lot of time looking at Pantheon Resources (PANR) - when is the next bailout placing? I make wider observations about this sector. There is then a direct challenge to Mileestone (MSG) about Lyin' Larry and to its Nomad Cairn Financial. I then look at Mila (MILA) and MySquar (MYSQ) commenting on how some AIM CEO's groom BBMs like peadophiles groom their victims. Sam Antar has made the same analogy . It is all about gaining trust.
I gather that Neil Woodford's office has been busy dealing with questions relating to our most excellent series of articles and podcasts over Christmas. I have been made aware of its responses which are detailed but still leave me feeling incredibly unsettled on two major factors.
Corero Network Security (CNS) “is pleased to announce” combined customer orders “worth in excess of $400,000 for SmartWall products and related one-year support services”. What’s the detail and import of this?...
Shares in Pantheon Resources (PANR) are slumping today, off 25% at 52p on an operational update which can, at best, be described as a Curate's Egg. I have long viewed this company as unexciting, at best, and find the unbridled enthusiasm of some of its bulletin board moron shareholders just impossible to fathom. I am not the only cynic. The City's No 1 oil analyst Zac "the Knife" Phillips of SP Angel opines today:
Well done Next (NXT). Despite the Sunday Times suggesting a retail shocker last Sunday, the waxing and waning of the British weather helped the company to pucker up and generate a positive surprise in its full price sales metric as the company noted in its statement from earlier today:
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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