Berkeley Energia – short-term sentiment obscuring long-term value?
Recent results from Berkeley Energia (BKY) emphasised it’s “focussed on developing Europe's largest uranium project, the Salamanca mine” and a “US$120 million sovereign wealth fund strategic investment to bring Salamanca into production”. The end August announcement of the latter helped the shares return above 50p, but they have currently slid back to 47p…
- By Steve Moore |
- 10 October 2017, 02:55 |
Conroy Gold : Just how little cash is left: potential 28% stock overhang and its placing ahoy (again)
I forgot to ask one big question at the Conroy Gold & Natural Resources (CGNR) GM on Friday - when is the next placing? But before we come to that - and the answer must be soon - there is a little matter of possibly the biggest stock overhang on AIM. The TR1's are flying thick and fast.
- By Tom Winnifrith |
- 10 October 2017, 02:39 |
premium content
When is stealing $2.4 million not a sackable offence? When you are chairman of an AIM company of course!
Well it is now official. It is perfectly acceptable for the chairman of an AIM listed company to take $2.4 million of a company's cash without permission. You and I would call taking someone else's (that is to say shareholder's) money theft or stealing. But on AIM it is simply an unauthorised loan. Pas de probleme mes amis!
- By Tom Winnifrith, The Sheriff of AIM |
- 10 October 2017, 01:29 |
Digital Barriers – Video business sale to enable focus on “rapid, organic and profitable growth of Thruvision”. Really?
Previously writing on Digital Barriers (DGB), I concluded bearishly despite a “Framework Contract and Trading Update” announcement attempting to emphasise positives. Now there is an announcement of a conditionally agreed sale of its video business, noting “uncertain nature and timing” of growth and “to continue as it is would stretch the resources available to the existing group within its current structure”. Hmmm, not a great combination…
- By Steve Moore |
- 10 October 2017, 01:19 |
On You Marks? Ready to Spark? Perhaps Not if you Heed a German Bank
Hello, Share Puzzlers. What do you think might be the results of Marks & Spencer (MKS) for the second quarter of its year? If you are a long-time holder, you will not be very excited. I first bought this share at least 20 years ago. It was 300p a throw, quite a lot of money, then. Yet despite a huge devaluation of the pound and inflation the share is still only 349p today.
- By Malcolm Stacey |
- 10 October 2017, 01:02 |
premium content
Tom Winnifrith Bearcast - what is the difference between Warren Buffett and Neil "nomates" Woodford?
Answers on a postcard. But for starters, one Hathaway, One had a way but lost it. I start with a detailed look at the Woodford Patient Capital Trust (WPCT) then run some numbers by you on LPE's and Purplebricks (PURP). I mention UK Oil & Gas (UKOG) en passant, Jersey Oil & Gas (JOG), Columbus Energy (CERP), Mirada (MIRA) and finally Conroy Gold & Natural Resources (CGNR)
- By Tom Winnifrith |
- 9 October 2017, 08:10 |
DX Group – bailout fundraising & new management ahoy
Towards the end of last month I noted on DX Group (DX.) forget the planned investment, the repayment of HSBC clearly means it has been, and remains, a scramble to prevent cash crunch ahoy. There’s now a “£24m Fundraising, CEO Appointment & Board Changes” announcement…
- By Steve Moore |
- 9 October 2017, 07:55 |
City PR bigwig Julian Bosdet's drink driving battle - his day in court postponed
There was I thinking that I had missed the day in court of Abchurch PR supremo Julian Bosdet as he battled charges that he was driving his Range Rover back to his country pile while under the influence. Oh no...
- By Tom Winnifrith |
- 9 October 2017, 05:04 |
Strong and Stable to Weak and Wobbly!
It’s the start of the fourth quarter and October, always the most volatile month of the year, has started with shock and surprise. Just a few years ago it would have been inconceivable Spain’s vibrant democracy might stumble towards the verge of dismemberment as it is now. With the S&P 500 recently breaking above 2500, there seems to be nothing to dampen the bullish exuberance. The recent run, which has largely been focused on areas in the market with the most sensitivity to tax cuts, has exploded over the last two weeks to record highs. That explosion has also lead to a surge in the Market Greed/Fear Gauge which comprises different measures of market complacency and bullishness and whilst the “Dumb Money” is continuing to pile into markets the “Smart Money” is willing to sell positions to them.
- By David Scott |
- 9 October 2017, 04:00 |
premium content
Cowboys and Injuns- A UK Oil & Gas groupie fully rebutted by cynical expert
Injuneer is a man claiming to be a drilling engineer but whose "analysis" of Horse Hill and UK Oil & Gas (UKOG) suggests otherwise and demonstrates once again that a (very) little knowledge is a dangerous thing. His "critique" of the analysis of Professor David Smythe is today rebutted by the good Prof in a way that shows again how utterly overvalued UK Oil & Gas (UKOG) shares are today at just under 7p. The Prof writes:
- By Tom Winnifrith |
- 9 October 2017, 02:15 |
Zac The Knife - a waspish sting for Magnolia dog
Lifestyle company Magnolia Petroleum (MAGP) has started the ramp ahead of its next bailout placing with news of a share consolidation. It may fool some fools but not the City's No 1 oil analyst, Zac "the Knife" Phillips of SP Angel who is at his waspish best and opines:
- By Tom Winnifrith |
- 9 October 2017, 02:14 |
Buy Obtala at 17.75p, target 37.5p - new 60 page report
Okay Beaufort is house broker to Obtala (OBT) and so is biased. As we own the shares so am I! But this 60 page report is detailed and so worth a read. Beaufort writes:
- By Tom Winnifrith |
- 9 October 2017, 02:06 |
Saffron Energy: The ramp is on already – it’s all in the name
I’ve been on holiday for a week in Italy (funnily enough) and am just catching up on a few interesting pieces of news and thought I would comment on the Saffron Energy (SRON) deal with Sound Energy (SOU) that was announced last week. Makes a lot of sense in many ways but I am disappointed by the scale of the James Parsons-led ramp that has started already supported in all the usual places.
- By Cynical Bear |
- 9 October 2017, 01:58 |
FastForward Innovations: Good news for Nuuvera – well done Lorrne!
I’ve been pretty critical of Jim Mellon's FastForward Innovations (FFWD) and its CEO, Lorne Abony, in the past but today’s news is a positive step for one of its investee companies, Nuuvera, and worthy of comment and the only negative relates to the obvious blunder that offends my OCD proof-reading nature.
- By Cynical Bear |
- 9 October 2017, 01:24 |
premium content
Sound Energy video - 100% pure cliche ridden bullshit
I have explained many times before why, on fundamentals, Sound Energy (SOU) is a slam dunk sell. Now watch this short promo video. This is pure unadulterated cliche ridden bullshit and, inadvertently, makes the bear case better than anything that I could write.
- By Tom Winnifrith, The Sheriff of AIM |
- 9 October 2017, 01:09 |
Like Yorkshire Airlines, This Avation Giant's Shares May Go Hey Up! - and Away
Hello, Share Scoopers. We all know that investing in airlines is one of the riskier areas of share shifting. What with the Ryanair (RYA) situation and the end of good old Monarch. But the more speculative among us should not, given a huge surge in air travel, give up on the flying sector altogether. So may I suggest that you look at another British-based budget airline.
- By Malcolm Stacey |
- 9 October 2017, 01:08 |
premium content
Optibiotix - BUY on non news from Supply Side West
This is non news and Optibiotix (OPTI) should fire whatever poltroons handle its PR for releasing it. Announcing guffe creates the impression that a company has nothing of substance to announce which is not the case.We, for instance, expect news of a massive Slimbiome Tata deal with hard numbers very soon.
- By HotStockRockets |
- 8 October 2017, 08:33 |
Britain's craziest divorce case - how is a business making £40k worth £1.1 billion?
Given how crazy and one sided Britain's divorce laws are only a complete and utter idiot of a man who is worth anything at all would ever get married. When I married my Mrs I was worth minus money so it was my mother in law who insisted on a pre-nup. Whatever. Anything for a quiet life. But are we seeing peak insanity in the divorce courts?
- By Tom Winnifrith |
- 8 October 2017, 08:29 |
premium content
Tom Winnifrith Bearcast: Double Blow Job for Woodford in Sunday Times, Neil you are not "Britain's Buffett"
The real fear Neil Woodford has is redemptions. The sleazey scoops for blow job articles deals in today's Sunday Times cannot hide that. I look at the absurd valuation of Oxford Nanopore, an unlisted biotech Unicorn, puffed in today's paper but also at the cracks now showing despite the glowing piffle in the same paper's write up on Nomates himself
- By Tom Winnifrith |
- 8 October 2017, 06:07 |
Photo article: brave Jim Bagot to take fight back to pensioner muggers WH Ireland
Good news. The pensioner Jim Bagot who was mugged by stockbrokers WH Ireland (WHI) is planning another protest outside its London offices this week. You will remember that the broker punted and lost hundreds of thousands of pounds of Jim's cash on penny stocks, many of them corporate clients, which was clearly not in the interests of such an old man. Even the regulators agree but WH Ireland has not compensated poor Jim in full. He fights on and his latest placard is below.
- By Tom Winnifrith |
- 8 October 2017, 06:04 |