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Latest News

Bear

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.

UKOG
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:

MAGP

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:

OBT

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:

SRON

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.

FFWD

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.

SOU
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.

EZJ

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.

OPTI
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.

Madness

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?

Bearcast
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

WHI

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.

VELA

Vela Technologies – full-year results suggest discount to NAV remains far too harsh

Early-stage and pre-IPO disruptive technology-focused investing company Vela Technologies (VELA) has announced full-year results emphasising “the board is pleased to have seen a strong uplift in the valuation of its investment portfolio in the period under review, resulting from new investments made and positive revaluations on certain investments held”

GGP
premium content

Australian gold rush has given Greatland Gold a boost, but will it last?

I’ve been following the Greatland Gold (GGP) story with interest, but have to admit that I remain very sceptical at this stage, especially given the rise in share price that the company has enjoyed recently.

Newsboy

Notes from Underground: Bearcast, king of the leaderboard

That fact that Bearcast is popular is not surprising, but consider that it underreported: hundreds of ShareProphets members that use their private feed to download Bearcasts to their smartphones and computers, which don't show up in the page views.

Irish Drinking Team

Photo Article - Teeling Distillery Dublin ( Bearcast on tour)

You may know John Teeling from a host of small AIM stocks like Botswana Diamonds (BOD). But his real passion as been his whiskey businesses. I should say that my friend and comrade in veterans rugby is a non drinker. The Teeling distillery in Dublin is just two years old and is actually managed by John's two sons but the old man takes a massive fatherly interest. I recorded a bearcast in the offices there on Friday but also had a tour of what is a working distillery. You can too and if you are in Dublin I'd recommed it big time. I sould declare that Jon did not try to bribe me with any free samples. But it is never too late and he has my address..

MTR

Buy Metal Tiger

Natural resource investor Metal Tiger (MTR) has been a disappointing share tip so far this year – the shares have been comfortably above 3p earlier in the year and last month falling back below 2p. They are though presently bouncing back around the latter level following an update on the company’s 30% interest joint venture in Botswana, including “very excitingly, 50m wide zones of visible copper mineralisation have been logged in core from four holes drilled along strike from the current T3 Mineral Resource .

CGNR

Photo Article - Conroy GM

 Just to give you a flavour of yesterday's farce of a GM at Conroy Gold & Natural Resources (CGNR). The serious implications are outlined HERE. Below you see the board, then the audience packed with Conroy stooges, average age 126. Finally a picture of one old coot who on the second vote of five appeared to switch sides to join the rebels. Was it the power of my quizzing of Prof Conroy that had turned him? Er...no. A couple of minutes later he raised his hand to say that he had voted the wrong way and could his mistake be reversed. It was not a room in which to crack jokes about Alzheimer's although such bad taste would soon have been forgotten by most of those attending.

TERN

Tern – was Device Authority’s NAV £2m or $10m as at FY16? Does It depend on whether you want to invest?

Having taken another look at the website of US Capital Partners (who are raising cash for Device Authority Ltd, currently majority ownerd by AIM-listed Tern plc) I see the sale is now advertised. I note also that  (on time) Device Authority Ltd has itself filed account for 2016. Now in theory, one would have thought the numbers would bear some form of resemblance….after all, they are for the same company in the same period. So what gives?

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