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Latest News

TCM

Table of shorted AIM shares - week to 01/09/2017

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...

KEFI

Kefi - Tulu Kapi update: BUY at up to 6p

Kefi Minerals (KEFI) has updated the market on the latest developments at the Tulu Kapi gold project in Ethiopia. All of the news is expected, but positive and reinforces our view that this is coming together well and that the value of this asset is simply not discounted in the current share price. Indeed with gold starting to move ahead, the shares look ever cheaper.

Confetti

Bitcoin, Cryptocurrencies, ICOs the Beginning of a New Tech Sector Bubble

I really do not get this bitcoin shite at all, however much my pal Dominic Frisby tries to explain it to me. I just fear it will end in tears but I am cognisant that some folks have made a complete killing on it so far. In a podcast with Palisade Capital, sector guru Michael Pole makes some bold calls. Is this just the start of the gold rush or are we close to dotcom bust in 2001?

Malcolm-Sax-Machine

Want to Know If You're Backing a Winner? Study its Website

Hello, Share Trudgers. There are loads of indicators out there as to how a share might perform well or otherwise. One you may not be bothered with - but perhaps should be - is the inspection of company websites. Yes, I know there are more important considerations. But in buying shares especially for the long-term, perhaps mostly as dividend earners, every little helps in the assessment of your choice.

UKOG

Update: UK Oil & Gas – Regency dumps again

This afternoon at 1.38pm came another RNS from AIM-listed Regency Mining (RGM). Having dumped 26% of its holding in AIM-listed UK Oil and Gas (UKOG) as announced yesterday evening, it has dumped a further 34.7% of the UKOG confetti it got from the sale of 1.9% of Horse Hill Developments to UKOG.

MDZ

MediaZest – full-year results, just how long needed to release this & to realise the apparent potential?

Five months after its 31st March 2017 year-end, “creative audio-visual company” MediaZest (MDZ) “is pleased to provide shareholders with final results”Hmmm

UKOG

UK Oil & Gas - Regency Mines dumps 26%

I noted the other day that if I were Andrew Bell, Chairman of AIM-listed Regency Mines (RGM), and was about to be handed £1.28 million worth of UK Oil & Gas confetti, I think I know what I’d do with it. Last night (after hours, natch) we learned that Regency had dumped 26% of its recently acquired holding in also AIM-listed UK Oil and Gas (UKOG).

TCM
premium content

Breaching banking Covenants - Telit and R4E - which firm did not break AIM rules & commit financial crime

Yesterday shares in R4E (R4E) fell sharply after a profits warning and a warning that it may breach its covenants in the third quarter. I am a shareholder in R4E and happen to think the fall is way overdone, but that is for another time. I want to look at how it handled the covenant issue and what that tells you about the financial crime at Telit (TCM) - which morally bankrupt Nomad FinnCap is okay with.

VELA

Vela - More news on BTL - just do the maths

Vela (VELA) has flagged up the fact that there has been more news from its TSX-listed investment BTL which has "launched the DX Beta version ("Beta") of its proprietary blockchain platform, Interbit." Hmmm, we could not really do 2 minutes without hesitation, deviation or repetition on that news but it has excited punters in Canada. Now here is where the maths starts. At 0.25p-0.28p at mid Vela is capitalised at £1.55 million. It has outstanding bonds of £550,000 so the EV is £2.1 million.

Black-Swan
premium content

Africa New Energies - the 44 bagger bid has gone away, quelle surprise - still Stephen Larkin talks bollocks

You may remember the strange tale of African New Energies, a private company that, as I revealed HERE, was desperate to tell you that it was going to be taken over at £3.50 a share but because it was run by such a nice guy was able to offer you a chance to buy placing shares at just 11 cents. A 44 bagger on offer in February 2017 - what could possibly have gone wrong?

TCM
premium content

Telit shares soar on pure hype - it is as if this was not a cash guzzling fraud, founded by a fraudster and run by an insider dealer

Telit (TCM) shares zoomed by 30% yesterday back to 160p, almost the level before it emerged here that its founder and CEO Oozi Cats was in fact Uzi Katz, the Boston real estate fraudster and fugitive from US justice. The latest ramp is news that it might generate some sales from AT&T. Whoopie do.

PRES

Pressure Technologies – a year later, another profit warning

A year ago, writing on engineering company Pressure Technologies (PRES) I noted “Update on Recent Trading” = Another Profit Warning and concluded to avoid at 140p. The shares have recently been around that level, but are currently sliding on the back of a “Trading Update”

SGH
premium content

Slater & Gordon: Dire results, board sacked, UK exited, Debt for Equity near wipeout - the curse of Quindell

Oh dear me, how long is the shadow caused by the king of the fraudsters Rob Terry and his Quenron (QPP) monster? Slater & Gordon (SGH) the Aussie law firm that bought 94% of Terry's assets in 2015 has now officially been brought to its knees with the board all fired, and shareholders almost wiped out, as part of the end game announced yesterday in Oz.

C21

21st Century Technology – interims argue “significant improvement”, so why are the shares lower?

Fleet and passenger systems technology company 21st Century (C21) has announced results for the first half of 2017 emphasising “significant improvement”. So why are the shares approaching 4% lower following the announcement, at 3.25p?...

JAY

Even if you Don't Know what Ilmenite Is, You might Look at this Interesting Miner

Hello, Share Schemers. Do you know what ilmenite is? I thought you might not. But you will know what titanium is. And ilmenite is used to produce that. It seems to my ignorant eye that the mineral ilmenite is a mixture of titanium and iron.

RMG

Royal Mail - second class post can be the value option!

In a world of omnipresent instant communication and next day delivery options, I am not really sure there is that much difference between the first and second class letter service - and I am certain that many of you reading this in rural communities can barely distinguish between the two. Anyhow, Royal Mail (RMG) has itself been downgraded this morning with the news it is out of the FTSE-100 and into the mid-cap melee known as the FTSE-250.

OPTI

Optibiotix - interims, no fireworks but all those placing rumours scotched & fireworks are soon: Strong Buy

There were no great surprises in the results for the six months to May 31 from Optibiotix (OPTI). Maybe that is why, after a decent bounce, they are off a tad at 67p-70p. But those taking profits are making a mistake for there will be fireworks soon and that will see the shares soar.

AFG

Filthy Forty Aquatic Foods – still delayed FY16 results Jackanory

Yesterday at 4.14pm ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) updated the market regarding its overdue FY16 accounts. Once again we are left waiting until next month – Godot is definitely coming tomorrow, honest guv, when the new FD is appointed. So nothing to do with the problems getting cash out of China to pay auditors, Nomad fees and director fees as we were previously told?

STHP
premium content

SHOCKING: Stranger Holdings - Tatnall and Longley are scheming bastards. Lock ‘em up!

My earlier piece outlined some disgraceful behaviour by Charles Tatnall and James Longley at Papillon Holdings (PPHP); however, one has to look at the announcement of Stranger Holdings (STHP) on the same day to really understand the Machiavellian approach being taken by these guys.

EU_flag
premium content

This is a currency pickle for the Euro loons at the BBC, the state-funded fake news outlet

Of course the slide of Sterling - as I explained in full HERE - is nothing to do with Brexit. It started months and months before the vote when the polls showed we were certain to stay in the Evil Empire. It is, as I pointed out, to do with base rate expectations and growing fiscal imprudence in the UK. But still the BBC and other fake news outlets such as Channel 4 say that it is down to Brexit.

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