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Moneytree

Photo article: I made £43.16 - just a reminder that you have 1 day to lose your old £1 coins

Around this house lie various piles of coins. I just leave them lying around, out of the reach of Joshua who would try to eat them, but, I admit, it is not a great sign of a sharp financial brain. A few year ago a girlfriend tried to counter this by giving me three piggy banks to leave around the house, as you can see below.

Manx-Kippers

£300 million Peer to Peer Lender Lendy - now about those overdue accounts and the resigning auditors...

If you look at the website of peer to peer you will see how brilliantly it is doing. £300 million lent, sponsoring Cowes Week, 17,000 customers, Europe's leading P2P) property lending platform, winner of numerous awards, 12% returns offered. But hang on, maybe the judges at Moneywise don;t bother to check out Companies House...

Newsboy

Notes from Underground: The Real Underground

For those of you that lived through the 60s, I met a living embodiment of that era the other day: Barry Miles, co-founder of the International Times and friend to Paul, Yoko, and Floyd (Pink). He has fascinating stories.

UJO

Union Jack Oil - Bolt On Acquisition: BUY

Union Jack Oil (UJO) has announced that it has bought the "entire onshore hydrocarbon portfolio interest of Nautical Petroleum Limited, a wholly owned subsidiary of Cairn Energy PLC.". That sounds more impressive than it actually is. This is a small bolt on deal.

VELA

Vela - Interesting new investee in Portr. shares cheap

Portr, the company that gets your luggage to and from the airport if you are too bone idle to transport it yourself, has announced that it has secured a £2 million investment from Stobart Group as part of a larger funding round. Stobart knows air travel well and this is a pretty good endorsement.

CRND

Central Rand Gold – nah mate, this Peterhouse parrot ain’t dead, he’s resting

Central Rand Gold (CRND) is already suspended from trading on AIM and under AIM Rule 41 will be given the one-way trip to the execution chamber if it hasn’t sorted its problems out by 11 November. It is an uphill task, not to mention the striking off of its Nomad, ZAI Corporate Finance, as from 19 October. Now shareholders are being asked to sign up to a dilution to almost nothing, as outlined in yesterday’s 3pm RNS. What’s not to like!

WTG
premium content

Watchstone files High Court defence against £649 million Slater & Gordon claim on Quindell fraud - we publish docs in full

Watchstone Group (WTG) has filed its High Court defence against Slater & Gordon's £649 million claim against it for having been sold the fraud that was Quindell Legal Services (QLS). I must admit it makes for impressive reading and is robust. The one person for whom it makes utterly grim reading is the King of the fraudsters Rob Terry.

IQE

Table of shorted AIM shares - week to 13/10/2017

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...

CNS

Corero – why shares down despite recent “Significant Contract Win” & “Partnership Agreement” announcements?

Despite accompanying half-year results last month with a “Significant Contract Win” announcement, shares in Corero Network Security (CNS) still declined. This week has seen a “Partnership Agreement” announcement – with the same result…

SKY

A bit of a one-sided merger arb. Buy Sky

We all know the market is a bit too excitable currently and that opportunity is in most cases more fleeting than structural. Analytically that pulls me towards market leaders, good balance sheets and dividends. It also makes me wonder about the strategies of hedge funds. This website has a proud history of spotting good shorts - and I see Tom has just unveiled a new bottom-end of the larger cap brethren short idea HERE. Another popular hedge fund strategy is merger arbitrage i.e. betting on whether deals complete or not and from this perspective I got thinking about Sky (SKY) which has just reported its first quarter numbers. 

BDEV

The Essentials I Insist on When I Commend a Potential Winner to You.

Hello, Share Chuckers. As I bring you promising companies which may have escaped your notice on office days, there’s time to explain my general methods at the weekend. I can’t expect you to follow my various suggestions unless you know my lines of thought. So, for those of you wise enough to subscribe to this essential website, here goes.

UKOG
premium content

Could UK Oil & Gas head back to 1p? Waseem Shakoor muses

My good pal the bear raider Waseeem Shakoor posted a few thoughts on UK Oil & Gas (UKOG) this morning over at ADVFN. He, like Lucian Miers, is now well in profit but staying short at 4.6p. I explained in bearcast why he is right to do so. Here is Waseem...

PFG

Provident Financial – update from this, another, Neil Woodford nightmare

Following a calamitous trading statement in August, there is now another “Trading Statement” announcement from Provident Financial (PFG) – this emphasising home credit business recovery plan progress and seeing the shares currently sparking higher. So, what’s the detail?...

Bearcast
premium content

Tom Winnifrith Bearcast: if you thought Cloudtag & MySquar showed investors were bonkers meet Helios & Matheson

I start with a trip down memory lane this October 13th. It's back to 1987. can you remember why? Then, if you thought punters in Cloudtag (CTAG) or MySquar (MYSQ) were bonkers ( well they are) then meet Helios & Matheson. This tale will have you in stitches. Unless you are a MySquar moron in which case you will probably see it as an investment opportunity. Then it is onto UK Oil & Gas (UKOG), the Frogs selling and the slump to 2p or less. BTW Lucian Miers is now well in the money and added to his short yesterday. I explain why i3 Energy (i3E) is doomed and will crater soon and also go into the mounting woes of Conroy Gold & Natural Resources (CGNR) after this morning's news.

ACRL

Accrol – updates on Health & Safety hearing, still a tale of AIM IPO shame

Having only been “pleased to announce” it had IPO’d on AIM in June last year, last week saw Accrol Group (ACRL) shares suspended whilst the board considered the anticipated impact on its net debt situation of a now expected “significantly below” expectations earnings performance. This was with “challenging trading conditions” and as it had “recently been advised that a Health and Safety incident, which occurred prior to the company's AIM IPO, may now result in a more significant fine being imposed by the Health and Safety Executive than was previously anticipated”. There is now an “Update on Health and Safety incident” announcement…

MSG

Milestone is worthless: sell

Nigel Somerville raises a red flag about AIM uber dog Milestone (MSG) HERE but is too nice a guy to point oiut just how worthless and overvalued this crock is. I am not so nice.

RUR

Rurelec – in the twilight zone as Peter Earl leads a potential offer

Peter Earl, the former CEO of Rurelec (RUR), has come forward with a potential offer for the company. As bizarre development go, this is right up there with the best of them. Next up the re-appointment of Rob Terry to Watchstone (formerly Quindell)?

MYSQ

When facts change what do you do? If you are a MySquar owning moron you ignore the facts

I bring you below a twitter exchange with a moron who owns shares in MySquar (MYSQ). There is no hope for some folks, they deserve an inevitable fate of poverty.

CCT

Character Group - a buy despite profit warning

Toys, games and giftware group Character (CCT) has reaffirmed that “underlying pre-tax profits for the year ended 31 August 2017 are projected to meet current market estimates”, but that “at this early stage of the group's new financial year the board consider that, based on the latest sales and market data available to them, the group's performance for the year ending 31 August 2018 is now expected to be significantly below current market estimates”. However, there still looks to remain reasons for optimism...

BCA

When BCA's shares slump do not let broker N+1 Singer forget this....

Yesterday I produced some quality analysis on why shares in BCA MarketPlace (BCA) will collapse. Predictably the paid shills masquerading as City research analysts have responded. When BCA shares tank as they will inevitably do please do not let hapless broker N+1 Singer forget this ( the underline is mine and suggests that N+1 has not even bothered to read my note before responding with this horse...):

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