From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Latest News

Hell_Frozen_Over

KPMG off the hook in FRC investigation into HBOS audit

News today was released by the Financial Reporting Council (FRC) in relation to its investigation into KPMG’s audit of HBOS’s FY2007 accounts. Here we are almost ten years on, and we are told all was well after all. Well, sort of.

Bearcast
premium content

Tom Winnifrith Bearcast: Eric Schaer of MySQUAR your soul will burn in hell you bastard & your company is a POS too

A recent statement by MySquar (MYSQ)confuses genocide and mass rape with "civil unrest". This is obscene and shows that the company is morally bankrupt. Its CEO Eric Schaer will see his soul burn in hell for this and it makes me unspeakably angry. The company is a worthless piece of crap but promoting that is not now Eric's biggest sin. All is explained in this podcast. I also cover China New Energy (CNEL), Ryanair (RYA) - see this link - Petro Matad (MATD), FastForward (FFWD) and, in some detail, Paternoster Resources (PRS).

CNEL

F40 China New Energy Interims: flagging a profit, cashflow statement says otherwise

AIM-China play China New Energy (CNEL) is one of the few remaining members of our Filthy Forty still trading on the Casino. This morning saw its interims to 30 June 2017 released and it claims to have turned over hugely increased revenues of RMB 69 million (c. £7.7 million) and registered a net profit of RMB 17 million (c. £1.2 million) as against the market capitalisation of £6 million. So why are the shares trading 4% lower? Er…look at the cashflow statement! And the company wants to conduct a buy-back of its shares! Ho ho, what with?

EVRH

EVR Holdings: Interims preview: ‘Guess the excuse for the delay’ competition

With all the “quality” companies waiting until the last possible moment at the end of next week to release their results, I thought I’d do a series of previews this week on some of my favourites starting with the “warrant exercise machine”, EVR Holdings (EVRH) where the only real unknown is what the latest excuse will be for the delayed launch of the app.

PURP
premium content

Sell Purplebricks

This was written before TODAY's SHOCKING EXPOSE. Despite falling 25% from its August high Purplebricks (PURP) has been a spectacular investment for practically everybody involved in its brief four-year history. 

COPL

Canadian Overseas could be worth the gamble - but only if financing is secured

Canadian Overseas Petroleum (COPL) is a company that I have followed for a while now and recently I have noticed it getting a fair bit of attention again – certainly as much as we’ve seen since the failed drill in Liberia back in late 2016.

URU

URU Metals – Results preview: will the Great Distractor finally come clean?

I’m expecting URU Metals (URU) to issue its end of year results on the last possible day  on 29 September, next Friday week, and am also expecting a sleight of hand masterpiece from the CEO, John Zorbas, who loves to distract from the real issue here, namely an uneconomic mine. Here’s a contrast of what I would like to see in the results and what I expect to see.

PURP
premium content

BREAKING: Purplebricks fascist lawyers letters backfire as it's blocked from AllAgents.co.uk

With 300,000 reviews, AllAgents.co.uk is the UK's largest independent site for independent reviews of Estate Agents by Customers. It has just taken the unprecedented step of not allowing Purplebricks (PURP) reviews because the AIM listed company was trying to "game" the system by using fascist lawyers letters. That tactic has now backfired in a spectacular fashion.

CALL

Cloudcall – post-interim results share price progress justified?

Shares in software integrating communications into Customer Relationship Management platforms company Cloudcall (CALL) are recently ahead strongly following a couple of director share purchases and results for the first half of 2017...

IQE

IQE Stands for I Question Everything. Why Uncle Tom is Wrong this Time

Hello, Share Cavaliers. It’s rare that I keep returning to shares I’ve commended to you. But the case of IQE (IQE) is so intriguing and knife-edge that I think it might be worth keeping under review. As I write the share is up another 6%. It has been seesawing up and down, rather alarmingly, for a few weeks now. Uncle Tom had a go at my support for this stock in a recent bearcast. He argued that the shares are hopelessly over-valued and to take profits might be the more prudent course.

Bearcast
premium content

Tom Winnifrith bonus Bearcast - The sickening and deepening scandal at Nyota

The scandal at Nyota Minerals (NYO) which should have been booted off the AIM Casino today is deepending and is truly sordid. I have new shocking revelations for you all and incredibly serious questions for the board, for ex Nomad Roland "fatty" Cornish, especially for broker Peterhouse and also for the chocolate teapots at the FCA and the Oxymorons at AIM Regulation.

AMYT
premium content

Amryt lead competitor to main drug flops in trials: good news for us

This is sad news for sufferers of for Epidermolysis Bullosa (EB) but very good news for we shareholders in Amryt Pharma (AMYT). Overnight last Thursday, the rival, Amicus announced that its Phase 3 asset SD-101 for Epidermolysis Bullosa has failed in Phase 3. The drug failed to meet all co-primary and secondary endpoints, which could suggest that there was minimal/no biological effect.

PROX

Proxama – interims argue “exciting times ahead”. Are there?

Self-described “leading mobile location and data intelligence expert” Proxama (PROX) “is pleased to announce its half year results for the six months ended 30 June 2017 and a trading update”. The shares though remain depressed at little more than 0.03p…

UKOG
premium content

Andrew Bell of Regency Mines No longer a self confessed Moron - dumps ALL UK Oil & Gas shares

On 8th September I penned a long piece explaining why the valuation of UK Oil & Gas (UKOG), then 9p, was crackers and anyone owning was a moron. My friend Andrew Bell posted a response saying that his company owned the shares, that he was not a moron and this is why I had it all wrong. In light of news today I repost Mr Bell's comments:

FCR

The future looks bleak for Ferrum Crescent - another placing isn't far from being needed!

The lower end of the AIM market can be surprisingly predictable at times, especially when it comes to raising funds, so it often amazes me how many private investors get caught out when such news comes. That would certainly seem to have been the case with the recent fundraising activity at Ferrum Crescent (FCR) and the events leading up to that, even if many on the bulletin boards were in denial of what was coming.

IQE
premium content

Interesting bearcast on IQE, but I'm afraid you're completely wrong on this says Paul Scott

I am, on balance, bearish on IQE (IQE) - not as a slam dunk it'sgoing to zero - I just think the shares are seriously overvalued as I explained in a weekend bearcast HERE. But Britain's top share blogger Paul Scott disagrees. The great man writes:

DPP

DP Poland – interims particularly emphasise EBITDA & “variable profit”. Wonder why?

The company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) has announced half-year results, including emphasising “combined corporate store EBITDA and commissary variable profit up 39%”

Bearcast
premium content

Tom Winnifrith Bearcast - Amur can't you folks read what is in black and white?

Sitting here with my father in Shipston I start with what is my favourite joke from Frazier. Then it is onto the next joke, that is the news from FastForward (FFWD) one of the many joke investment companies linked to my old friend the offshore-based asset stripper Jim Mellon. Then it is onto Amur (AMC) which is so obviously placing ahoy and where the market cap is almost as much of a joke as a FastForward RNS. Then I turn to Jersey Oil & Gas (JOG) and the idea of risk reward before having a butchers at Rose Petroleum (ROSE) where even Stevie Wonder could see that it is placing ahoy. There may be a second bearcast on Nyota (NYO) where it seems there is a mega scandal emerging. Watch this space!

Pound-Sterling

Assuming the Government survives, UK budget set for 22.11.17

The main purposes of the incorrectly named “unconventional monetary policies” by Central bankers is to debase a currency, stoke inflation, and make exports more competitive. Therefore printing money aims to solve structural imbalances by making currencies weaker. In this race to zero in global currency wars, central banks today are “printing” more than $200 billion per month despite that the financial crisis passed a long time ago. Currency wars is the issue that no one admits to talk about, but everyone wants to fight in secret. The goal is to promote exports at the expense of your trading partners.

OPTI
premium content

Meet & Hear Optibiotix tomorrow evening (Tuesday) in London + free drinks

I gather that there are still about a dozen seats going for tomorrow evening's presentation evening hosted by Turner Pope. Natch the main attraction is the free food and drink on ffer in Mayfair. But, more seriously, there are three companies presenting and taking questions.

Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

Most Read in the Past Seven Days

That Was the Week that Was

 

CTAI

Catenai – monster dilution

Time left: 23:42:32