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.
- By Tom Winnifrith, The Sheriff of AIM |
- 26 September 2017, 02:22 |
blur Group – shares rise post results and ANOTHER placing justified? Er…
Having risen from just above 4p to 5p last week post announcements, including results for the first half of 2017, shares in blur Group (BLUR) are now again retreating…
- By Steve Moore |
- 26 September 2017, 01:17 |
Summarising Life, it's Lager, Aga, Saga and Gaga. You Might Buy Into One of them
Hello Share Mincers. One of Shakespeare’s better-known speeches is the ages of man, where he beautifully summarises the progress of our lives. A less beautiful way of saying it is: ‘Laga, Aga, Saga and Gaga’. The third word is a reference to a company which used to cater for the elderly. As a junior reporter I was once offered a freebie on one Saga (SAGA) tour for their grey-haired members. It was cancelled, sparing my embarrassment.
- By Malcolm Stacey |
- 26 September 2017, 01:01 |
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BREAKING: Optibiotix - David Evans overhang cleared - shares will soar on news
The last of David Evans's shares in Optibiotix (OPTI) have been placed out today at 60p according to a reliable source.
- By Tom Winnifrith |
- 25 September 2017, 08:47 |
SpaceandPeople – half-year results, a recovery on-track?
Shares in promotional and retail merchandising space-focused SpaceandPeople (SAL) are currently on the rise on the back of results for the first half of 2017…
- By Steve Moore |
- 25 September 2017, 08:28 |
LoopUp - another AIM joker
Listed in August 2016 on the AIM Casino, LoopUp Group ( LOOP), says that it is a premium remote meetings company. News today is uninspiring and its valuation is crackers.
- By Tom Winnifrith, The Sheriff of AIM |
- 25 September 2017, 07:07 |
SRT Marine Systems – OCEAN-SCAN satellite system decision conveniently timed re. cash position?
Previously writing on SRT Marine Systems (SRT), I noted the company’s announcement including “with many thousands of buoys and remote maritime infrastructure worldwide we believe our significant technology, product and market investments place SRT in a dominant position within this promising new market segment”, but that, instead of this jam tomorrow talk, it will be particularly pertinent to review subsequent cash flow and balance sheet information – that as at 31st March 2017 having showed slightly reduced gross and net cash of £1.8 million and £0.8 million respectively. We now have “OCEAN-SCAN Satellite System” and “£10 million working capital facility” announcements…
- By Steve Moore |
- 25 September 2017, 06:00 |
Tom Winnifrith Bearcast - Come on Bushveld morons, say "Tom Was Right" as Death Spiral announced
I told folks that uber ramp Bushveld (BMN) had to raise cash but the morons knew better as they always do. Better still today's bailout is a death spiral as no proper institution will touch this over-promoted crap with a bargepole. Then it is on to Big Sofa (BST), Saffron (SRON), Altona Energy (ANR) which needs a placing ASAP or it is toast, ITM Power ITM) - crazy valuation + placing ahoy, Albert Technologies (ALB) which looks all wrong to me and finally to Imagination Technologies (IMG) where calls to block a foreign bid are wrong at every level. The gay penguin reference is HERE.
- By Tom Winnifrith |
- 25 September 2017, 04:13 |
The Sermon on the Mount[ain Of Debt]
Jim Rogers on Friday gave a sweeping interview with Real Vision TV, the hugely successful veteran investor warned that another bear market is coming, and that it will be “horrendous, the worst.” It’s the level of debt across global economies that will be to blame, he says. And retail investors who have been piling into exchange-traded funds will be particularly vulnerable to that next big mauling.
- By David Scott |
- 25 September 2017, 03:59 |
Winner of the Bulletin Board Moron of the Week contest - sponsored by Nyota Minerals
It's been a Worthington heavy week on the Bulletin Board Moron contest beat. Yet, as much as Juicin Drumroll beats that musical instrument, his nominatees didn't win yet again. Juiicin you just can't beat a Cloudtag (CTAG) moron..
- By Pizza Hardman Darren Atwater |
- 25 September 2017, 03:53 |
Tern – more acquisition news, but when’s the (yet another) placing?
AIM-listed Tern plc (TERN) has announced that a new synergistic investment into InVMA, a key strategic partner for Device Authority. All well and good, but where is the money coming from?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 25 September 2017, 03:31 |
Three day rule selling time for Johnson Matthey
A cool two years and two months ago (almost to the day) I observed you had the opportunity to make some money on the shares of precious metal refiner and clever catalytic converter technology company Johnson Matthey (JMAT) with the natty headline of '19th Century heritage with 21st Century appeal'. After briefly getting to the area of my £35 target price a few months after the original call, they are back there again now after a stupendous end of last week bounce.
- By Chris Bailey |
- 25 September 2017, 02:14 |
Serica Energy is on the verge of restarting production - worth a nibble?
When it comes to the AIM resources sector, any sort of delay or news which is perceived to be negative can have a negative effect on the share price which is far from justified. Of course there is a lot of junk on the market and when bad news comes and it inevitably crashes, it is of no real surprise, but there are other companies where a temporary hit to the share price can present a great buying opportunity.
- By Gary Newman |
- 25 September 2017, 01:57 |
Buy Swallowfield at 370p or less for an easy 10%+ gain
Declarations first. Tom and I tipped this on our Nifty Fifty website at a 250p offer. The shares are now 350p-370p so the spread is a deterrent and the best gains have already been enjoyed by readers of our very premium website. But results last week were very good indeed and if you buy at 370p or below I reckon you can make a good turn. More important than the results (for the year to June 24, an odd year end) from the developer, formulator and supplier of personal care and beauty products that is Swallowfield (SWL) was a statement of “confidence that we are well positioned for the future”.
- By Steve Moore |
- 25 September 2017, 01:50 |
AIM-China play Grand Group – end of the road in sight?
A brief note to flag up that AIM-China play Grand Group (GIPO) has until the end of this coming week to comply with its investment policy or be suspended from the Casino.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 25 September 2017, 01:43 |
Johnson Matthey's Ode to Cathodes Could Electrify the Share Price
Hello, Share Diggers. Johnson Matthey (JMAT) is a chemicals king. The world will always need what it does. But what is exciting the City at the mo is its ambitious drive to improve battery technology. As electric cars are the big talking point at the mo, it seems that the right battery for them has a blistering future.
- By Malcolm Stacey |
- 25 September 2017, 01:10 |
New Bulletin Board Moron of the Week contest - sponsored by Nyota Minerals, motto: "We don't need no stinking cash, assets, or Nomad"
This week's Bulletin Board Moron contest is sponsored by Nyota Minerals, a company that has more lives than all of our reader's cats.
- By Pizza Hardman Darren Atwater |
- 24 September 2017, 07:47 |
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Advanced Oncotherapy – interims preview
Joining in with Cynical Bear’s run of interims previews, I thought I’d take a look at our old favourite, AIM-listed Advanced Oncotherapy (AVO). The history here has been nothing short of a disaster in the last 12 months or so, and appears to be now culminating in a potential cash-crisis.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 24 September 2017, 07:44 |
Pension deficits & BT Group - I spit out my breakfast coffee for the second week in a row
Last week it was the Sunday Times' chat through on personal debt which induced my breakfast coffee to be consumed in an unorthodox fashion. Today it is pension deficits - that quiet corporate horror show.
- By Chris Bailey |
- 24 September 2017, 07:43 |
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Tom Winnifrith Bearcast: Are we at peak insanty - boob jobs on credit and Deliveroo's crazy valuation
I am prompted by a great Zero Hedge article HERE to look at the mounting evidence that thanks to what is now the greatest debt binge in history, surpassing that of 2008, we are at peak insanity. Whether it is boob jobs on tick, the latest funding round at Deliveroo at a ludicrous valuation, the downgrade of UK Government debt or the madness of some peer to peer lending there are timebombs aplenty waiting to explode.
- By Tom Winnifrith |
- 24 September 2017, 05:33 |