Management Consulting Group – half-year results, an ‘operational improvement implementer’ which needs some of its own medicine!
Management Consulting Group (MMC) Chairman & Chief Executive Nick Stagg, with the company’s results for the first half of 2017, is “pleased to report that Proudfoot, Management Consulting Group’s continuing business, has made progress in the execution of its strategy”. The market is not however pleased – the shares down 8.5%, to 7p…
- By Steve Moore |
- 19 August 2017, 00:25 |
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Central Asia Metals is probably the most under-valued commodity play on the market!
There are times when a large background seller can present a good buying opportunity, and an institutional investor offloading shares isn’t always a sign that the company is failing to perform.
- By Gary Newman |
- 19 August 2017, 00:25 |
Is IQE Another ASOS? It May Not Be, But Can We Risk Letting Our Shares Go?
Hello, Share Scramblers. Let’s just have a few more thoughts about one of the fastest rising shares of the year: IQE (IQE). First of all an admission. I was stupid not to have sold all my shares when the price rose above 140p. My most golden rule is to sell after a big leap and I bought many of these shares at 16p.
- By Malcolm Stacey |
- 19 August 2017, 00:13 |
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Advanced Oncotherapy – how’s the cash position? Still a stonking SELL.
After a stack of RNSs earlier this year, it has all gone quiet at AIM-listed Advanced Oncotherapy (AVO) since the announcement of the termination of the Bracknor death-spiral. How’s the cash position?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 18 August 2017, 07:59 |
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Reader Comment of the day - Drunken Sailor unearths local issues for Bushveld
You may remember that ShareProphets poster Drunken Sailor and I were co-defendants in a libel case a couple of years ago ( which we won). Mr sailor is not a drunk and he is a great sleuth when he wants to be. My pressing concerns about uber ramped Bushveld Minerals (BMN) are its balance sheet, but DS has unearthed another major issue which, for some reason, Bushveld has not covered in an RNS. Perhaps it might do so now? Drunken's post merits a wider audience:
- By Tom Winnifrith |
- 18 August 2017, 07:46 |
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Tom Winnifrith Bearcast: Oozi Cats and the FBI & why Telit could well be tits up within weeks
The failure of the LSE to insist that hapless Nomad FinnCap forces Telit (TCM) to bring in a firm like KPMG to conduct a full forensic review will hurt it even more when this company goes tits up as I noted in a letter to Stock Exchange boss Donald Brydon earlier today HERE. Two sources tell me that the FBI may have bad news for the Boston fraudster Oozi Cats and his Mrs as I explain in this podcast. But the meat of the podcast is explaining why Telit will go tits up and why that could be within six weeks. Enjoy.
- By Tom Winnifrith, The Sheriff of AIM |
- 18 August 2017, 07:35 |
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SRT Marine Systems – order “for the world's biggest single deployment of AIS AtoN”. Wow… Or not…
Following the postponement of a significant contract announced at the end of last month, SRT Marine Systems (SRT) has now announced an “AIS Aids to Navigation Contract”, including that “the order is for the world's biggest single deployment of AIS AtoN”. The world's biggest hey, sounds impressive!…
- By Steve Moore |
- 18 August 2017, 07:05 |
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PCG Entertainment – Lots to like about this funding deal other than…….WHY??
Like Richard Poulden, CEO of PCG Entertainment (PCGE), I have a bit of time for Brian Kinane at Riverfort. As someone who believes in transparency and clear communication, my view is that Brian is trying to bring some of that to the world of small cap funding, particularly where the dreaded phrase “ death spiral” is concerned and there’s a few points here to be applauded. It still doesn’t prevent the obvious question being aimed at Mr Poulden though – WHY RAISE MORE FUNDS NOW?
- By Cynical Bear |
- 18 August 2017, 04:24 |
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System1 Group – “Trading Update” sees lack of a Benjamin Graham ‘margin of safety’ bite
Previously writing on System1 Group (SYS1), then named BrainJuicer Group, as the shares slid below 700p I concluded there still, despite self-admitted “limited revenue visibility”, a clear lack of a Benjamin Graham ‘margin of safety’ (”for absorbing the effect of miscalculations or worse than average luck” e.g. an earnings miss or negative change in stock market sentiment) and I thus continued to avoid. The shares have though recently been above 800p… until a “Trading Update” announcement today…
- By Steve Moore |
- 18 August 2017, 03:35 |
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Does Neil Woodford really deserve a halo - is Circassia the biggest dog in his funds?
If you read the bent, freebie is our middle name, personal financie columnists in the deadwood press, fund manager Neil Woodford walks on water. I disagree and have noted before, that, maybe, after three dismal years, others are starting to see the light. But, with assistance from a leading broker, how about we have a real look at the Woodford Patient Capital Trust (WPCT) but also at the sort of dogs Neil ifalls in love with.
- By Tom Winnifrith |
- 18 August 2017, 02:24 |
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Kennedy Ventures - Giving 3.98% of the company to the CEO does have a cost
Some folks think that handing out share options to senior staff is a cost free exercise and b) benefits all shareholders as it incentivizes the board and also aligns their interests with those of stockholders. Bollocks on all counts.
- By Tom Winnifrith |
- 18 August 2017, 02:14 |
EU Supply – does “Contract win” merit a 12% share price rise?
Having reached 18p last month, shares in e-procurement software provider EU Supply (EUSP) had slipped back slightly – but are currently further higher on the back of a “Contract win” announcement. This following a trading update earlier in the month…
- By Steve Moore |
- 18 August 2017, 01:40 |
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A letter to the chairman of the London Stock Exchange - why no independent review of the Telit fraud?
You may remember that at the last AGM of the London Stock Exchange (LSE) its chairman,, Donald Brydon CBE, 'fessed up to being a ShareProphets reader and as we chatted afterwards he came over as a thoroughly decent man. But he has, yet again, been failed by his minions in their handling of the biggest AIM fraud of the year, so far, Telit (TCM). Lowly gofers such as the head of AIM Regulation, the fake Sheriff Mr Marcus Stuttad, have allowed Telit to avoid any independent scrutiny of its accounts & business practices despite clear evidence of fraud. That has to change and maybe Brydon will push for that. I have sent him a letter.
- By Tom Winnifrith, The Sheriff of AIM |
- 18 August 2017, 01:11 |
Looking for a Possibly Safer Airline Venture? - Well, this Fleet's In
Hello Share Grafters. The congestion in most of our airports will give you the heads-up that air travel is booming. It will continue to do so, especially as more people from developing countries become middle class. But you may still be wary of big airlines.
- By Malcolm Stacey |
- 18 August 2017, 01:08 |
Capital Drilling – half-year results include “broadened” uplift in activity, so why are the shares lower still?
Drilling services company Capital Drilling (CAPD) has announced results for the first half of 2017, including that an initial uplift in activity has broadened with an improving outlook in industrial metals and capital markets activities support. Why then are the shares further lower, below 40p, having been above 60p earlier this year?...
- By Steve Moore |
- 17 August 2017, 09:05 |
Obtala - shares to more than double: broker VSA: we publish the note
VSA is house broker to Obtala (OBT) so is not impartial. Neither am I as we own a small number of shares following a Dragon's Den pitch as the 2017 UK Investor Show. But the price target suggests real upside and VSA's research team is well regarded and since we happily published an uber-negative piece from Evil Banksta the other day, this offers some balance. VSA has tweaked its forecasts
- By Tom Winnifrith |
- 17 August 2017, 07:59 |
Idox – acquisition aids a rating which is “highly attractive”… Or is it?
Having reached more than 75p in May, shares in information management technology and services company Idox (IDOX) declined below 60p early last month before recovering above 65p - then declining towards 60p again. The company is now “pleased to announce that it has acquired… Halarose, a supplier of electoral back office software and services to UK local authorities, for £5.0 million, comprising £3.5 million in cash and £1.5 million in shares” (at 61.5p)…
- By Steve Moore |
- 17 August 2017, 07:03 |
Real Good Food – following tardy profit warning, real bad disclosure & board changes now has required an overdraft facility...
Last week from Real Good Food (RGD) it was a “Board Changes” announcement, following the week before that a real disgrace in a tardy profit warning and real bad disclosure. There’s now an “Overdraft Facility” announcement…
- By Steve Moore |
- 17 August 2017, 04:10 |
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Optibiotix - we buy more shares for first time in two years, price is just wrong
Thanks for all the emails on Optibiotix (OPTI). We understand seeing the shares slide back to 53p odd is alarming. To one or two of you, there is no need for such language! To the rest of you here goes.
- By HotStockRockets |
- 17 August 2017, 02:50 |
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AIM Dog Servision: another warning and it is death spiral and dilution frenzy ahead
When serving up god-awful FY numbers on deadline day ( June 30th) it was shown that uber dog Servision (SEV) had serially misled investors and indeed told outright lies over the prior half year. Rover also served up its second profits warning in two weeks with the god-awful numbers and 'fessed up "Our working capital position is tighter than we anticipated" - I should cocoa. Today it got worse.
- By Tom Winnifrith, The Sheriff of AIM |
- 17 August 2017, 02:16 |