Walker Greenbank – “pleased to announce” half-year trading update, are the shares a buy?
Luxury interior furnishings company Walker Greenbank (WGB) “is pleased to announce its pre-close trading update for the six months ended 31 July 2017” - with this commencing with that brand sales “were up 35.6% in reportable currency compared with the same period last year”. Sounds good, so why are the shares currently sliding back slightly?...
- By Steve Moore |
- 2 August 2017, 08:55 |
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AIM uber dog Mkango - insolvent by September, when's the bailout placing dudes?
The sad tale of Mkango Resources (MKA) , the TSX dog listed on the AIM Casino by SP Angel in June 2016 continues but for how much longer? The grim reaper is polishing his scythe and CEO William Dawes better start brushing up on the rules of battleship if he is to avoid what seems an inevitable fate. It all started so well. Mkango was insolvent and so SP Angel raised it some cash about eight months behind schedule and listed it to great fanfare.
- By Tom Winnifrith, The Sheriff of AIM |
- 2 August 2017, 08:00 |
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Stratmin to be booted off AIM as funny China money fails to arrive - will anyone pay for this other than shareholders?
Oh dear. Oh dear. Another AIM debacle involving Chinese funny money. This time it is Stratmin (STGR). Its cunning plan was to do an RTO of Signature Gold and to fund that deal with a £5 million investment from Axel Management Group Pty Ltd. What could possibly go wrong?
- By Tom Winnifrith, The Sheriff of AIM |
- 2 August 2017, 07:07 |
Northbridge Industrial Services – half year update it’s “pleased to issue”… shares further slide
Northbridge Industrial Services (NBI) “is pleased to issue” a half year trading update, which includes “expects the results for the first six months of 2017 to be in line with management's expectations” and that “the growth of renewable power generation in advanced economies have already provided profitable opportunities”. So why are the shares sliding back below 100p?...
- By Steve Moore |
- 2 August 2017, 06:50 |
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ShareSoc Bang on the Money - the City of London should be ashamed over Saudi Aramco
ShareSoc is starting to make some really very sensible points. Today, one of its contributors, has, rightly, taken the great and the good of the City of London to task over the shameful rule changes designed to ensure that Saudi Aramco floats here. Like the author, Mike Dennis, I would not touch that IPO withn a bargepole.
- By Tom Winnifrith |
- 2 August 2017, 06:09 |
Transense Technologies – argues “ahead of expectations”, but on a closer look…
Shares in Transense Technologies (TRT) are currently retaining their something of a recovery from an end of June “Glencore - Further Contract Win” announcement, following a trading update for the company's year ended 30th June 2017…
- By Steve Moore |
- 2 August 2017, 04:10 |
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Blur fires its founder & CEO Phil Letts, 18 days after sacking his ghastly Mrs - but where are the shareholders' Mansions?
At 7 AM yesterday AIM uber dog Blur (BLUR) announced its god-awful results. At 8 AM after a bailout placing had been approved its shares came out of suspension. In the 7 AM results statement CEO Phil Letts noted "I welcome the new board members to blur and look forward to working with them." It seems the feeling was not mutual. By 5.32 PM Blur was announcing that Letts was leaving. Make no mistake, he was fired.
- By Tom Winnifrith, The Sheriff of AIM |
- 2 August 2017, 02:44 |
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RedX – administration update and a question over the interims
RedX Pharma’s administrators have updated the market on the state of play with this (currently) insolvent company. The good news is that a sale of assets is proposed which will bring in $40 million and that subject to review by the administration team of business plans by the management the company would be set to exit administration and shares restored to trading.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 2 August 2017, 01:41 |
James Halstead – “confident of once again reporting record turnover and profits”, so why are the shares lower?
I previously wrote on commercial flooring manufacturer and distributor, James Halstead (JHD) in January on the back of a trading statement taking the shares back up to 500p – though concluding I still particularly wary of the valuation and continued to avoid. There is now a pre-close trading statement which sees the shares comfortably below 450p…
- By Steve Moore |
- 2 August 2017, 01:24 |
Take a Look at this Rising Company Which Fights Addiction
Hello, Share Muddlers. Within my mission to bring to you shares which seem to be operating under the radar, and so you might not have considered them before, I give you Indivior (INDV). This is a small drugs company with the power to improve society.
- By Malcolm Stacey |
- 2 August 2017, 01:18 |
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blur Group – “pleased to announce” (late) results. It shouldn’t be…
Following it having missed the six month deadline for full-year accounts publication (as, pending the securing of funding, it was “unable to sign-off the audit”) – and the shares resultantly having been suspended, blur Group (BLUR) now “is pleased to announce its audited final results for the year ended 31 December 2016”. Hmmm, “pleased” hey?…
- By Steve Moore |
- 1 August 2017, 07:40 |
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Jim Mellon 's Regent Pacific profits warning - premature ejaculation proving a bit of a cock up
Oh dear, oh dear, it seems as if my old friend Jim Mellon had a bad day at the office on Friday. Hat tip to a reader who has just alerted me to a quite diabolical (lack of) profits warning from Regent Pacific which has many British shareholders thanks to its all share rescue takeover of AIM dog Plethora (PLE).
- By Tom Winnifrith |
- 1 August 2017, 05:00 |
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Real Good Food – real bad news & disclosure. A real disgrace
A “Company Update” announcement from Real Good Food (RGD). Sounds routine enough. You what? It commences “The company announces that during the audit process of its full year accounts for the year ended 31 March 2017, two substantial anticipated claims regarding its sugar purchase arrangements have not yet materialised with the effect that it will not meet its previously forecasted profit figures. In addition”…
- By Steve Moore |
- 1 August 2017, 04:25 |
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Manx Financial - why is Jim Mellon giving away free money?
The sub scale bank Manx Financial (MFX) admitted yesterday morning that it could do with raising some more capital for regulatory purposes. It had considered a placing but, for some reason, that idea had not flown. But luckily its chairman Jim Mellon had a stack of warrants at 6p outstanding with a deadline for exercise of er...yesterday. With the share price at 8p surely this was a nil brainer for my good friend, the offshore based asset stripper, Mellon?
- By Tom Winnifrith |
- 1 August 2017, 04:18 |
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Tom Winnifrith Bearcast: Some investment futurology prompted by my good friend Luke Johnson
Regular bearcasts will be returning, God Willing, on September 1. But Joshua is at playgroup and I am kicking my heels with my testicle scan on Friday rather playing on my mind and so as a distraction here is an offering prompted by the Sunday Times column this week of my pal and UK Investor Show speaker Luke Johnson.
- By Tom Winnifrith |
- 1 August 2017, 03:14 |
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Pantheon Resources - why does anyone believe a word it says? Why have directors not been fired?
On 25 January 2016 I accused Pantheon Resources (PANR) of being a mug punter fave and of being ready to do a placing. A huffy puffy PR person got a huffy puffy FD to call me to tell me that I was talking bollocks. The City was reassured that I was a prize poltroon/failed fund manager/pizza delivery boy/drunk and , assisted by a scandalously ramptastic operations update, the company raised $30 million at 115p in early March. Why is this ancient history so important?
- By Tom Winnifrith, The Sheriff of AIM |
- 1 August 2017, 02:37 |
Advanced Oncotherapy – ignore director buying, it’s a spoof
AIM-listed Advanced Oncotherapy has announced a director buy of 100,000 shares (about £17,750 worth). Dr Enrico Vanni, a NED, has gone into the market and hoovered up a few more shares to add to the series of shares acquired earlier this year as the company tried (and failed) to defend the 25p (par) share mark in the face of the Bracknor death spiral sales. Now he’s back.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 1 August 2017, 02:09 |
Table of shorted AIM shares - week to 28/07/2017
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...
- By ShareProphets |
- 1 August 2017, 01:37 |
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Falcon Media House: Cap in hand already – FCA should investigate
Falcon Media House (FAL) finally reported its year-end results yesterday on the last possible day and, surprise, surprise, despite only coming back to the market 4 months ago, with 12 months funds in the coffers, honest, it has now had to admit that it needs more funds. This is shoddy stuff and is an area where the FCA should investigate.
- By Cynical Bear |
- 1 August 2017, 01:27 |
This May Not Be Time to Hang Up on your BT Shares
Hello, Share Pushers. You can, like my colleagues on this illustrious website, be among the best share experts in the world, but some brickbats you cannot see coming. One such example is the big wobble of BT (BT.A) stock when it was announced in January that something was not quite right about the company’s Italian operation.
- By Malcolm Stacey |
- 1 August 2017, 01:10 |