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Latest News

Bearcast
premium content

Tom Winnifrith Bonus Bearcast - UK Oil & Gas admits it needs to frack as death spiral announced : SELL

UK Oil & Gas (UKOG) has today announced a £10 million death spiral and some bad operational news. Natch the BB Morons are clinging to various spoofs in the release which I point out in this bonus podcast as well as explaining why these shares are now a slam dunk sell.

AAU

Ariana Resources – latest exploration initial results see it “very excited”... and more to come

Ariana Resources (AAU) has announced the completion of recent exploration across the ‘Hot Gold Corridor’ and within its 1 million ounce Salinbas gold project – and its “exploration team are very excited by these results”...

ITV

ITV - bear case in the ascendancy, wrongly I think

Reading ITV (ITV)'s trading update I must admit the investment vibes felt positive to me and the stock was up a couple of percent in the first half an hour of trading. An hour or so later the stock was down 6% odd and I was thinking...why?

DGE

Start your Santa Rally Attack with Festive Favourite Diageo

Hello, Share Pagers. The Santa Rally is often slow to gather pace. And so there’s still chance to take an early advantage. One of the most favoured shares at Yuletide is Diageo (DGE). There’s a surprise!

Bearcast
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Tom Winnifrith Bearcast: Arsenal football players on the AIM Casino - do not touch 'em with a bargepole

I am sorry that bearcast is late. I am just back from lecturing the snowflake sociology students of the Mrs. I think I may have intruded on their safe space with some challenging thoughts in my talk "Lies, damned lies, public sector underpay and other myths." I hope to have a recording and the slides up here later this week. Pro tem I offer up some thoughts on Cogenpower (CGP) - to become Monreal PLC - Paternoster Resources (PRS)  - now co run by Amanda Van Dyke, formerly of this Parish but now on the dark side, Falanx (FLX), Interquest (ITQ) and Conroy Gold & Natural Resources (CGNR)

ITQ

InterQuest – failed-buyout management now seek increased authority to allot shares… What for?

I previously wrote on InterQuest (ITQ) last month; return from suspension… but, with its management shysters, for how long? Today brings a “Notice of General Meeting” announcement…

FRR

Frontera – where are the Ud-2 well results? Waseem Shakoor scathing

Yesterday at 1.50pm (the back end of lunchtime no-one-is-watching o’clock) Caymen registered, head office in Houston, Texas, operations in Georgia but AIM-listed (why?) Frontera Resources (FRR) gave an update on its Taribani asset in Georgia. It has the drilling permit. Woohoo. But what about the Ud-2 well? Has the company been taking lessons from UK Oil and Gas (UKOG)?

ESCH

Escher Group – late-year ‘trading update’ here seemingly means only one thing

A 4th December 2015 “Trading update” from Escher Group (ESCH) was a warning that “the group will not now close additional license sales that it had expected in H2”. There was no late-year update in 2016, but this year there’s now a “Trading Update”. Hmmm...

SOLO

Solo Oil – death spiral horseshit from Beaufort

This morning AIM-listed Solo Oil plc (SOLO) announced a $5 million death spiral facility with institutional investors and arranged by Riverfort. It is a convertible facility with 8% interest, and an option to repay in cash (with a small penalty). Beaufort Securities (house broker) issued a note this morning. It is utter horseshit – shame on you.

INSP

Inspirit - time for another placing to stave off insolvency don't you think?

We have had no news from the Inspirit (INSP) boiler room run by John Gunn and once graced by the great Dave Lenigas since its last placing completed in early September. By my maths the company is once again insolvent so how about another placing Mr Gunn? As a reminder of the maths...

WAFM

West African Minerals: Founder Jim Mellon walks after, up to, £62 million spunked, and its nearly all over - sell!

At 4.12 PM yesterday it was announced that my old friend Jim Mellon and his associate Gerard Holden had resigned with immediate effect from West African Minerals (WAFM). Old Jim founded the company and was its chairman. It is now almost game over for West African and the scores on the doors are shocking.

CPT

Concepta - Upgrade to STRONG BUY but I am annoyed

I have also covered my extreme annoyance with Concepta (CPT) in Bearcast HERE. Last week it had a profit warning thanks to a new order for £600,000 having been received but not being able to be booked until Q1 2018. Hence there was a 2017 miss. That saw the shares go down. There is now a placing and at the same time we were told that this order would now be booked in Q4 2017. Surely that unwinds the profits warning.

WALG

Filthy Forty Walcom – no silk purse, it’s a sow’s ear of a trading statement

ShareProphets AIM-China Filthy Forty play Walcom (WALG) hasn’t provided as much entertainment as some of its fraudulent brethren, but yesterday’s trading statement – issued at 10.36am, so bad news – is a bit of a gift.

Bear

Autumn 2017 update: Top shorted London-listed shares

From the FCA's spreadsheet of short positions required to be disclosed to it, we previously updated the top shorted London-listed shares HERE. The following is our Autumn update...

IMM

How A New Cure for Lupus Could Put Big Money in Your Pocket

Hello Share Sloggers. Fancy investing in another AIM-listed company that is pioneering new medical treatments? Yes, I thought you might be a bit wary. But some of these ventures will come up roses, eventually.

KIN

Kin Group – GM result, seemingly not long now until the dilution-almost-to-oblivion confetti issuance extraordinaire

A previous announcement from Kin Group (KIN) included “the proposals are in effect now conditional upon the consolidation being approved at the General Meeting to be held on 13 November 2017”. There’s now a “Result of General Meeting” announcement…

Bearcast
premium content

Tom Winnifrith Bearcast:Things that piss me off big time about the Concepta placing although the shares are dirt cheap

I am hard at work preparing for my annual treat of lecturing the snowflake sociology students of the Mrs, as a break from the normal Guardian reader behind the lectern they have me tomorrow. Game on.  I cover utterly worthless shite that is roofing it, notably Mayan Energy (MYN) and Cogenpower (CGP).  I point out that in the end gravity reasserts itself - see Servision (SEV). I lament what went wrong and how it could have been avoided at Fishing Republic (FISH) and BOS Global (BOS). I suggest what useless Mrs May should do on Brexit and then look at the Concepta (CPT) placing. The shares - which we own - are now dirt cheap. But I am still well fucked off with various aspects of today's £2 million placing as I explain.

VANL

Van Elle – General Meeting requisition from founder seeking to return

Van Elle Holdings (VANL) listed on AIM at 100p per share little more than a year ago, with at the time Chairman Michael Ellis “absolutely delighted to have successfully brought Van Elle to the AIM market… there is significant opportunity ahead and admission to trading on AIM will help us to accelerate the growth of the business” and Chief Executive Jon Fenton; “I look forward to reporting on our progress as we embark on the next stage of our exciting journey”. Less than two months later it was announced that Ellis was to retire… but he is now seeking to return...

FISH

Fishing Republic- the maggots are only just starting to emerge - a retail zero in waiting

When Fishing Republic (FISH) joined the AIM Casino at 15p in June 2015 it published an admission document bulging with red flags which I pointed out in numerous articles HERE. But brokers Northland pumped the stock shamelessly up to well over 40p to get away more placings. But today the shit hit the fan with a shock (lack of) profits warning but the maggots are only now starting to emerge. At 22.5p this is a zero in waiting.

CGP

Cogenpower is being pumped hard and i see little or no value

Forgive me for being cynical, but when a load of private investors who are known for taking part in placings suddenly start raving about how great a tiny AIM company is, then flipping the recent equity raise immediately springs to mind!

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Bearcast issue update: all should be well

 

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Oracle Power: Cynical Foul

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