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Latest News

PRU

Stay True to Pru and You May Cue some Cute Rewards

Hello Share Sneakers. It’s been a while since I commended the Man from the Pru (PRU) to you, but my positive stance has only strengthened since then. I hold a few other British insurers, like RSA (RSA) and Legal and General (LGEN), but not the Prudential. And yet it may be the most undervalued of the three.

OPHR

Fortuna approval would mark a turning point for Ophir

Several of the once really popular oil and gas companies seem to have almost have been forgotten by investors, as progress has been far slower than had originally been expected and people have gone off seeking riches elsewhere.

Bearcast
premium content

Tom Winnifrith Bearcast - I am not the 55th person Hillary Clinton had murdered

No Hillary did not have me killed for my numerous comments on her crooked ways. I was just ill yesterday and remain so as you can hear in my voice. Joshua too is down sick and the Mrs is off to the Catalan Republic for a field trip. A joyous week lies ahead. On the shares front I look at San Leon (SLE), FastForward (FFWD) and Versarien (VRS)

FRR

Frontera – pithy comment from Waseem Shakoor suggests doubt in Georgia

On Friday AIM-listed, US-headquartered, Cayman Islands registered and operating in Georgia Frontera resources (FRR) released a Corporate Update on Progress in Georgia. As Waseem Shakoor observes, anyone who was hoping for actual production figures might be a tad disappointed, for what we got was delays and the commencement of a programme of study in relation to its Notice of Feasibility of Commercial Production as announced last April. Oh, and a nice shiny new presentation on the company website (if no countdown clock!)

BOS

BOS Global: Meet Michael Travia – the world’s worst death spiral funder!

I last covered BOS Global (BOS) in early September when the CEO and founder, Michael Travia, quit suddenly (HERE) and I warned about the future. At the time the share price was over 7p; it’s now 3p. For the avoidance of doubt, I don’t think it’s a bargain now but I thought it worth commenting on the continued role of Mr Travia in this ongoing decline as he is currently playing an idiotic, poor-man’s version of Darwin or Yorkville.

TCM
premium content

Telit: Stormy times ahead

One of ex-fraudster Sam Antar’s golden rules for companies committing fraud is never to respond to criticism. Telit Communications (TCM), the Israel-based Internet of Things fraud, broke this rule yesterday by rushing out a badly worded rebuttal to a Sky News story which stated that the FCA had begun making enquiries into events at the company.

FFWD

Jim Mellon’s FastForward Innovations: Deal off, will Schoold (and Lorne Abony) survive?

Tom covered the news of the failed Schoold / Lingo Media merger that FastForward Innovations (FFWD) announced on Friday in his Bearcast (HERE); however, I thought it was worth taking a closer look at the numbers and pondering when the next major write down to FastForward’s portfolio, and Lorne Abony’s reputation, will come.

SOS

Some of my fellow shareholders in Sosandar don't seem like the brightest sparks

It seems that Thursday's RTO of Sosandar (SOS) at 15.1p went well enough. The shares closed Friday at 20p-21p and I am very confident indeed that we loyal shareholders would have a chance to sell at well over 30p before too long. This retailer will not be disappointing with its next trading statement which, I'm sure, will force brokers to increase forecasts. But some of my fellow shareholders don't seem to be the brightest sparks or my greatest fans. From the ADVFN asylum:

Newsboy

Notes from Underground: the problem with programs

I stiill read the occassional comment and email that wonders why the economics of advertising on a website doesn't work - advertising pays for ITV and the Evening Standard, both of which are paying real salaries to real staff.

IQE

Table of shorted AIM shares - week to 03/11/2017

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

TLW

Headwinds of Debt, Inflation, Over-Valuations et al Could Be Cancelled Out by this Big Factor.

Hello, Share Smashers. At the mo, there are some nasty threats to our shares prices. High consumer, corporate and national debt. Comparatively high PE ratios. Over-cooked company valuations, low wages, higher inflation and a bull market, past its sell-by date. But all those perils can be offset by the following massive factor…

Bearcast
premium content

Tom Winnifrith Bearcast: I really want to be sick, no I am not joking

No I really want to be sick. The day started so well with Joshua, myself and more fit young mums making a paper image of Colin the Dog. But then I just got sick so hence the lack of content from me today. After this podcast goes up it is back to bed. On bear cast today a demolition of minus 99.5% lifestyle company Arian Silver (AGQ), 13 Energy (i3E), today's spoof from Magnolia (MAGP), a "fucked if I know" response from me on R4E (R4E) - a share we own - and a look at today's dire news from one of Jim Mellon's many AIM dogs FastForward (FFWD).

FOOT

Footasylum – follows AIM listing with a director buy announcement. BUT…

Having listed on AIM yesterday with a 164p per share placing, Footasylum (FOOT) has today announced non-executive director Stephen Robertson has purchased 11,933 shares at 209.5p each. Great, this price must still be value then? Er…

Gold

Why I Hate Gold, But Still Like Gold Equities

Resource guru Matt Geiger does not find gold as appealing as other metals. Much of the demand for gold comes from jewelry and investment. There is a lot of jewelry purchased in India and China. Very little gold is used in industry mostly because of the cost.

UKOG

Waseem Shakoor asks - has UK Oil & Gas scrapped flow testing of Broadford Bridge

The bear raider and professional northern git has been tweeting frantically with what he believes is photo evidence that key kit has been removed from Broadford Bridge meaning that UK Oil & Gas (UKOG) cannot be flow testing the well. That would seem odd as UK Oil needs good flow data to ramp the shares ahead of the bailout placing it so urgently needs now that all its cash has been spent. Curiouser and curiouser.

CRND

ZAI scandal: déjà vu for Nomad Fatty Cornish – 11 days to first fuck-up

With ZAI Corporate Finance having lost its Nomad license, 12 companies were searching for a new Nomad all of a sudden, but four of the twelve are now suspended having failed (thus far) to attract the attentions of the Nomad community. However, for Roland “Fatty” Cornish it has been a case of déjà vu as it stepped up to the role for Alpha Returns Group (ARGP) – the AIM outfit formerly known as Digital Learning Marketplace (DLM) from which Fatty resigned as Nomad ahead of a questionable restructuring and CVA into the fine firm it is now.

China Flag

ShareProphets China AIM 'Filthy Forty' update – ZAI Nomad disqualification causing issues edition

Since our previous update, ZAI Corporate Finance has had its nominated adviser status removed - causing further issues amongst the (few) remaining ShareProphets China AIM 'Filthy Forty'. Who will be next to follow the likes of Geong International and co in 'Geong, Geong' and then Gone?...

Bear

The Russian Bear & Blockchain

The World Gold Council has recently reported that the Central Bank of Russia has more than doubled the speed of its gold purchases, bringing its reserves to the highest level since Putin took power 17 years ago. Russia’s desire to break away from the dominance of the U.S. dollar and the dollar payment system is well-known. Over 60% of global reserves and 80% of global payments are in dollars. Importantly also the U.S. is the only country with veto power at the International Monetary Fund, the global lender of last resort. Russia’s most aggressive weapon in its war on dollars is gold.

AFG

Aquatic Foods – the excuse this time for no accounts? Silence!

And so it came to pass that ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) didn’t even bother to update the market at the end of October on the supposed progress towards getting its FY16 accounts released – accounts which should have been released by 30 June. The interims to June are also overdue, but there is no statement at all! Step forward those fine fellows at S P Angel, the company’s Nomad.

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