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Latest News

JLG

The Brains, Money and Running of Some of the Biggest Building Sites on Earth is Down to this British Giant

Hello Share Swaggers. I’ve not covered John Laing Group (JLG) before, though maybe I should have done. Despite my recent post that oil is still worth investing in, as renewable sources are nowhere close to filling the gap, there is plenty of scope for a company like John Laing to grow its extensive renewables programme.

IME

Immedia – as shares slump on interims, argues “well positioned”. Really?

Immedia (IME), which describes itself as “a supplier of multi-media content and digital audience engagement solutions for leading brands and global businesses” (i.e. it supplies audio visuals and data analytics) emphasises in results for the first half of 2017 that “the board remains confident that the outlook for the group is positive”. However, the shares are currently down 16% on the day to 21p…

RM2

RM2 International: The future’s fine apparently – just need funding and customers!

RM2 International (RM2) gets the silver medal in the Results Preview five horse race having released its interims this morning. I was keen to see progress on the funding but there is nothing definite on that front although there’s nothing to worry about out as the management have got it covered – yeah right!

ECSC

ECSC Group – having only IPO’d on AIM in December, ANOTHER trading warning & IPO roll-call of shame…

Having IPO’d on AIM in December at 167p per share with CEO Ian Mann stating “we are excited by the opportunities that now present themselves”, shares in cyber security group ECSC (ECSC) were 450p before a June trading warning. Now worse has followed…

Bearcast
premium content

Tom Winnifrith Bearcast - 24 hours of radio silence looms: good news for the Mosman jokers

There may not be a Bearcast tomorrow as I have wall to wall meetings in the madhouse that is London. On today's podcast I look at  Mosman Oil & Gas (MSMN), Watchstone (WTG), ECSC (ECSC), Defenx (DFX) and Falanx (FLX)

PSN
premium content

BREAKING: Jeremy Corbyn will have a field day as Persimmon bosses get to trouser £650m thanks to the taxpayer

Jeremy Corbyn and the Labour Party are going to have a field day with a £650 million fat cat scandal which will explode within months at £7 billion FTSE 100 housebuilder Persimmon (PSN). Even as an ardent capitalist I am nauseated by this example of obscene fat cattery which shames capitalism,

KIBO

Kibo Mining – Interims out and funding announced – no great surprise

Congrats to Kibo Mining (KIBO) for being the first of my preview targets to release results this week and, as my preview predicted, cash was pretty sparse, hence the £500,000 new funding announced this morning. Not a bad deal all in all but not sure what the directors are playing at.

CAML

Why I'm happy with the Central Asia Metals acquisition

If I’m being completely honest then I have to admit that I was somewhat annoyed when an RNS from Central Asia Metals (CAML) initially landed to say that trading in the shares had been temporarily suspended pending the acquisition of a large asset. That annoyance though was largely driven by a shorter term view, as shares in the company had been doing very well and the price was increasing steadily in the run up to the financial results, which were expected to be good and with yet another high yielding dividend to be paid. Alongside that copper was flying and had just topped the $3.10/lb level.

TMO

Time Out – after a ‘trading update’ with nothing below the revenue line, “pleased to announce” interims. It shouldn’t be…

I previously wrote on Time Out Group (TMO) following a “trading update” for the first half of 2017 – noting that below the revenue line there wasn’t any detail provided, perhaps something to do with a house broker forecast for a full-year adjusted pre-tax loss of £19.5 million? The company is now “pleased to announce its unaudited half year results for the six months ended 30 June 2017”

UU

It's Steady as She Goes for United Utilities, Probably as Reliable a Share as You Get in Crazyland

Hello, Share Poolers. We all have shares which are so steady, but lacking in big leaps forward, that we tend to leave them to it. We rarely bother to check on progress, because we know we won’t get a cheap thrill. Such a company in my bag is United Utilities (UU.). The name has become a bit out of date because where it once combined water with electricity services and telecommunications, it now concentrates on the water.

Bearcast
premium content

Tom Winnifrith Bearcast: Adam Reynolds & NEW Departure, LoopUp stinks & praise for the SFO & FCR

I start with the departure of Adam Reynolds from New World Oil & Gas (NEW) explaining what - I think -went on. Then it is on to Afren (AFR)and how the SFO works in practice.I look at LoopUp (LOOP) where yesterday's statement rings less and less true and which looks more and more of a slam dunk short as a result. There is further comment on Westminster Group (WSG) and praise, with caveats, for the Ferrets, Ferrum Crescent (FCR).

CARD

Card Factory – review as CEO argues “a solid set of interim results”… and the shares respond 15% lower

Shares in retailer Card Factory (CARD) are currently down approaching 15% on the back of results for its half year ended 31st July despite CEO Karen Hubbard arguing “we have delivered a solid set of interim results with strong growth in like-for-like sales and total revenue, despite the decline in footfall seen across the high street”. Hmmm…

AFR
premium content

Former Afren bosses charged with $400 million fraud - good work SFO. Rob Terry next?

It has taken two years but two former bosses of Afren (AFR) will tomorrow be charged with fraud. Watch out Rob Terry your time will come too. Well done the Serious Fraud Office. 

Gold

London's oldest bullion dealer Sharps Pixley now accepts bitcoin

I still do not understand bitcoin as a currency and store of value. For me, gold fills that space. Maybe I am just getting too old. But at least I am not yet 239. I refer not to Malcolm Stacey who is only 184 but to gold bullion dealer Sharps Pixley which was founded in 1778. It is now allowing folks to buy gold with Bitcoin using the processor Bitpay.

FRR

Frontera - no reason for share price movement. Timber....

AIM-listed Frontera Resources has watched its share climb from 0.1p to peak earlier today at 0.78p. No doubt the BBMs have celebrated their collective superiority and intelligence. Except that even the company now tells us that there is no reason for the rise. 

FOR

Forbes Ventures – an utterly pointless POS on NEX

Looking at some entities on the NEX lobster pot isn’t necessarily the most edifying experience, but two RNSs released last night (after hours, natch) simply leaves ones mouth open. Where to start with this pile of junk from the corporate client list of Peterhouse? Is it the (stunningly) late FY16 numbers? Perhaps it is the related party disposals and acquisitions? Maybe we should look at the balance sheet (showing a MINUS). 

MPAY

Mi-Pay – “pleased to present” interims… so why are the shares materially down?

Describing itself as “a leading provider of digital transformation and mobile payment solutions to Tier 1 Mobile Network Operators and Mobile Virtual Network Operators”, Mi-Pay (MPAY) “is pleased to present its unaudited interim results for the six months ended 30 June 2017”. The shares have responded to, er, sub 15p - approaching 20% lower!...

HAWK

Zac The Knife Phillips slates Nighthawk Energy Once Again

The City's No 1 oil analyst Zac Phillips of SP Angel is not, like most of his peers, a man who ignores the failings of the numerous useless management teams among the AIM Casino's O&G legion. His verdict on the latest statement from the clowns who run worthless, drowning in debt, Nighthawk Energy (HAWK) is brutal and to the point. Over to "the knife:" 

CPT

Concepta look ahead not back: Buy at 11p

Declarations first: a) at 11p offer the shares are back at the price at which Concepta (CPT) came to AIM via an RTO in July of last year. It has clearly not delivered as rapidly as we would have liked  b) We invested at the RTO and have not sold any of our shed load of shares. Results for the half calendar year came out last week and, speaking bluntly, the numbers do not look that great. In fact they look piss poor.  It reported sales of zero, a loss of £1.15 million and ended the period with cash of £1.235 million. So far less than dazzling right? But....

WSG

Westminster Group's paltry placing is not enough, Mr Market has given up

At the weekend I flagged up that Westminster Group (WSG) was at death's door and needed a bailout placing ASAP. Today it announced that it has raised a paltry £750,000 gross at just 10p. Any company chaired by the loathsome ex Tory MP Tony Baldry, of 3DM infamy, is a no go for me but it seems that Mr Market agrees with the Sheriff. Here is why Baldry's Westminster is toast.

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