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Latest News

NUOG

Is Nu-Oil being desperately pumped by the latest placees?

Nu-Oil and Gas (NUOG) is a company that I covered a couple of weeks back as being totally over-valued, and although it has pulled back a bit I think it potentially has further to go.

WTG
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Watchstone shares plunge to just 97p (bad news for Evil) - but should you bottom fish? No!

Oh dear. Poor old Evil Knievil who has been a perma bull of Watchstone (WTG), the former Quenron (QPP), loftily dismissing claims by Slater & Gordon for £637 million and my analysis as not worth the paper they were writen on. Oh how bullish was the great man, at 141p, just a few weeks ago as he posted his bon mots on a Bulletin Board. The shares have duly plunged to just 97.5p so costing EK and his fellow BB Morons a good packet. Poor Evil. Poor BB Morons.

TMO

Time Out Group – argues “well positioned”, so why are the shares muted?

Time Out (TMO) has updated on the first half of 2017, arguing “we are well positioned to drive further growth, transactional traffic and monetisation of our unique content”. The shares though, at 138p, remain below the 150p June of last year AIM listing price…

RMG

You Might Not Want This Share Suggestion Returned to Sender

Hello Share Shedders. When I invested in Royal Mail (RMG) on the golden day it went public, I made an instant paper profit. I sold the shares soon afterwards at an even bigger gain. However, others in my family, hung onto their shares. And since July 2016 there has been a slough of despond.

AUG

Augean – the time for a routine half-year trading update? Er…

With a calendar financial year and no updates on trading since 21st March-announced results for 2016, a “Trading Update” announcement from waste management company Augean (AUG) seems routine. However, the shares are currently circa 14% lower, at below 55p…

GWIK
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Glenwick - the whole farce unravels so let the recriminations begin....

Oh dear, this really is a clusterfuck even by the lowly standards of the AIM Casino. You will remember that AIM listed Glenwick (GWIK), linked via Peterhouse Corporate Finance and Amanda Van Dyke to fellow AIM dog Paternoster Resources (PRS) in a related party snakefest, has had its shares suspended an RTO but there have been a few problemos. Oh dear. Oh dear.

OPP

F40 Origo – disposals: how’s the NAV doing?

ShareProphets AIM-China Filthy Forty play Origo (OPP) has announced a couple of disposals. With the share price still languishing on a 2-2.25p spread, compared to the last quoted NAV in the FY16 accounts of 13c (US) – call that 10p per share. After a series of scandals over massive payments to the fund manager what now for the company with scheduled redeemable/convertible prefs after the dispute with Brooks MacDonald was finally resolved?

I3E
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i3 Energy - a $50m fund raise becomes zero fund raise and £14m market cap (oops make that £11m) - disastrous IPO

It was only a couple of months ago, on May 10 - 6 months behind schedule - when wannabee North Sea oil developer i3 Energy (I3E) announced it was to raise up to $50 million as it joined AIM. Since then, as we have noted before, there have been numerous false starts and it was obvious to all concerned - bar Amanda Van Dyke's related party snakefest Glenwick (GWIK) - that the fundraise was in deep merde. Oh yes. Party on bear dudes. This IPO has bombed and the business model is mega-fucked.

GOAL

Goals Soccer Centres – trading update warns, but a joint venture “transformational”?

“Trading Update” announcement from Goals Soccer Centres (GOAL) includes a “full year outturn being around £0.8m less than expected”, but the shares are currently slightly higher above 100p with there also a “Joint Venture” announcement…

EPO

Earthport – “not cash flow breakeven in FY 2017”, so it's next year then? Er…

Having declined from more than 45p in September 2015 to sub 13p less than a year ago, shares in Earthport (EPO) approached 30p earlier this year – before declining again in recent months. We now have a “Full Year Trading Statement”

TLY
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Totally: Um, anything you want to tell us about your CFO?

It must be exciting times at NHS supplier Totally (TLY) at the moment with the buy-and-build strategy taking shape and an RTO in progress and a busy time, particularly for the CFO, Don Baladasan, who also has the interims to prepare but, er, has he just left to join CentralNic (CNIC)?

ZYT

Why I Disregarded Tom's and Steve's Advice On Zytronic

Hello, Share Mashers. It is not often that my good self and my more intelligent colleagues Uncle Tom and Steve Moore commend the same share. There are, after all, zillions of choices to be made in the markets. But we did agree on Zytronic (ZYT), the successful niche company that specialises in the very fashionable area of touch sensors.

PROX
premium content

Proxama – claims now “well positioned”… but has to scramble around to reach even minimum requirement of fundraising

Last writing on Proxama (PROX) I noted new agreement announcements now being seen through – and the shares are currently lower today on the back of “Result of Open Offer” and General Meeting updates…

Pig
premium content

Is the City of London Corporation bent and why won't the press investigate?

The City of London Corporation is unlike any other local authority. It is democratic in the loosest sense of the word. It is hugely rich and very powerful and, as such,  it is rare that anyone in the Square Mile is stupid enough to stick his or her head above the parapet and ask what is going on. But today Andrew Monk of VSA Resources aks for trouble and writes...

SER

Sefton Resources - shares in issue balloon but what is the cash position?

On 23rd October 2015 as the old board of Sefton Resources (SER) handed over power to Clem Chambers, Mike Hodges as directors and Daniel Levi as a consultant it stated that the cash position was $504,300. The new board claimed that it was in fact materially lower. What is it now? That is unclear but what we do know is that the number of shares in issue has rocketed from 4,796,618,397 to 8,949,299,416 as that was announced at the weekend.

Bear
premium content

Buckle up for the turbulence ahead. My most important note ever

The reset is now seven days closer than it was last week. There are times when normality moves out of reach and I believe we are rapidly approaching such a time. I have lived through a number of recessions and bear markets and they don’t come out of nowhere; there are always warning signs. Many investors may choose to ignore those signs; I choose not to. I hope you make the same choice.

CLLN
premium content

Sell the Carillion HS2 rally at 63p

The accepted market wisdom that one should never be a bear in company throws up a lot of exceptions. Carillion (CLLN), for some time now top of the leaderboard of the most shorted shares on the LSE, is a good example.

BIOM

Biome Technologies – trading update uses bullshit earnings, but becoming more interesting?

Shares in Biome Technologies (BIOM) are currently approaching 12% higher, heading towards 200p, on the back of a “Trading Update” announcement...

SER
premium content

Well done Brokerman Dan - Sefton nails disgraced Jimmyliar Ellerton in Court again

Of course Brokerman Dan (Dan Levi) is not perfect. He publishes outright lies about me on a regular basis but credit where credit is due, he has nailed Jimmyliar Ellerton, the disgraced boss of Sefton Resources (SER) in court again.

EZJ
premium content

EasyJet 2 big takeaways and one is SELL

Before he became a resource guru, Andrew Monk of VSA Resources was a transport analyst for many years. As such his comments today about Easyjet (EZJ). The point about executive greed, oops I meant incentivisation, is a very valid general one. The other point is ...SELL. Over to the Monkey who writes...  

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