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AIM dog Avanti Communications - FRC forces accounting changes after Tom Winnifrith complaint - another thank you for the Sheriff
I have today received a letter from the Financial Reporting Council about a complaint I made about the uber dodgy accounts of drowning in debt heading for insolvency Avanti Communications (AVN). You will remember that Avanti did 2 transactions which generated cash in of nil and cash out of $14 million and booked that as a sale of $25 million on a 100% EBITDA margin.
- By Tom Winnifrith, The Sheriff of AIM |
- 6 June 2017, 06:31 |
Amino Technologies – updates on trading “at record levels”, so why are the shares currently down?
Shares in provider of digital TV and cloud products and services to network operators, Amino Technologies (AMO) have recovered strongly from an October 2015 profit warning, to recently above 200p. However, they are currently sliding back below this level on the back of a “Trading Update” announcement…
- By Steve Moore |
- 6 June 2017, 06:30 |
Detailed 14 page note on Union Jack Oil & Gas
Okay it is from house broker Turner Pope so it is not to be viewed as impartial but then it does not come with a buy or sell stance, this report just gives a deatiled breakdown of the assets and operations of Union Jack Oil (UJO), whose shares -at 0.14p are - I think - cheap.
- By Tom Winnifrith |
- 6 June 2017, 06:14 |
Winner of the general election caption contest: Grab a cuppa Corbyn
This is so unfair. We run a nice picture of Jeremy Corbyn with a sack of Yorkshire's finest and all everyone can do is make fun of him. At least the winning caption is nice.
- By Darren Atwater |
- 6 June 2017, 02:45 |
IDOX Results - some massive red flags raised
Though this was posted on ADVFN, the poster was Leon Boros of Sharesoc who is no moron. It raises some massive red flags about IDOX (IDOX) and having read it this I rather conclude that this is a share one does not have to own.
- By Tom Winnifrith |
- 6 June 2017, 01:54 |
DP Poland – placing as ‘insufficient confidence’ of expansion going to plan
Having fallen by approaching 7% to close at 42.625p, a 5:23pm “Proposed Placing” announcement from AIM-listed DP Poland (DPP) - and announcement this morning including that the placing is at 43p per share. Any regulator out there?
- By Steve Moore |
- 6 June 2017, 01:53 |
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BOS Global: Something smells wrong here - a few questions for Mr Travia
A number of things have been bugging me about BOS Global (BOS) for a couple of weeks as certain acts and omissions have had me scratching my head, so I thought I would raise some of these questions here and perhaps Michael Travia, CEO, can provide some answers.
- By Cynical Bear |
- 6 June 2017, 01:41 |
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InterQuest – summarises reasons to ignore offer (from the attempted robber barons)
With the attempted robber barons having recently posted their offer document to shareholders, InterQuest (ITQ) independent director David Higgins, being advised by the company’s Nomad and broker Panmure Gordon, has summarised why the offer should be ignored ahead of writing to shareholders no later than 15th June…
- By Steve Moore |
- 6 June 2017, 01:31 |
You May Still Want to Back the Black Horse with a Divi that's Riding High
Hello Share Dredgers. Once again I bring to you Lloyds Banking Group (LLOY) as a share worth considering. This simple statement will draw flak from my good friend Wildrides, but the case for Lloyds is getting better.
- By Malcolm Stacey |
- 6 June 2017, 01:29 |
The May edition of the UK Investor Magazine is live - Tips, UK Investor Show photo feature, and the the end of the EU
The May edition of the UK Investor Show Magazine is live featuring three share tips from Gary Newman, the Greek meltown is worse than everyone thinks, and the EU is not fit for purpose plus a photofeature from the 2017 UK Investor Show.
- By ShareProphets |
- 6 June 2017, 00:59 |
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Condor Gold - having a few problems on the ground: care to tell investors?
It seems that jam tomorrow, cash guzzling, gold play Condor Gold (CNR) is having a few problems with the locals as it pretends that it is going to develop the low grade La India project in Nicaragua a mine that has been closed for more than twenty years after a 1995 flood. Oddly the company has not got around to telling investors about this via an RNS. But in case hapless boss Mark Child is too busy to do this, let me help.
- By Tom Winnifrith |
- 5 June 2017, 08:07 |
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Why I am voting Conservative at the General Election and you should too
Shareprophets reader Jonathan Price has already put the case for voting Lib Dem. Crackpot lefty Darren Atwater has put the case for voting for the terrorist's friends in Labour. Now it is over to Andrew Bell, the son of a Tory MP, who puts the case for voting for the Conservatives. Over to Mr Bell:
- By Andrew Bell |
- 5 June 2017, 08:07 |
Comptoir Group – less than a year after IPO on AIM… a profit warning…
A 10:15am “Trading Update” announcement from restaurant group Comptoir (COM), which IPO’d at 50p per share on AIM less than a year ago. An unusual time for a trading update + a restaurant group, with all the pressures facing that sector currently = I think I can guess much of how the announcement is going to go…
- By Steve Moore |
- 5 June 2017, 07:53 |
Warren Buffett is not buying into this bullishness
Over recent years Warren Buffett has been hoarding dollars at a colossal rate. This was first really noticeable in August 2014. At that time, Buffett was holding about $50 billion and he was already 83 years old. Even then his hoard of dollars was already the largest of his entire career. But over the last three years this sum has swelled to $100 billion in size.
- By David Scott |
- 5 June 2017, 05:14 |
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Dillistone – profit warning, dividend cut, fundraising needed, but reckons a-ok due to unidentified new product!
A “Trading & New Product Update” announcement from recruitment industry software group Dillistone (DSG) commences that, having previously noted some market softness, “as we have moved further into the year, we have seen some improvement in terms of the volume of new business wins and are pleased to have taken a number of clients from our direct competitors”. Sounds encouraging, but what? The shares currently down 15% (at sub 72p)! Better read on…
- By Steve Moore |
- 5 June 2017, 04:05 |
New general election caption contest: Grab a cuppa Corbyn
Caption this photo of Jeremy Corbyn seriously compromised with copious amounts of his drug of choice as he tackles terrorism in hiw own unique way. The deadline is midnight tonight.
- By Crackpot socialist Darren Atwater |
- 5 June 2017, 02:51 |
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Andrew Monk of VSA on LGO - it is going to be another good week
Over the weekend this site explained 4 reasons why LGO shares were set to move sharply higher and soon. They are up by 9% so far today but there is a lot more to come. One thing we missed is that the new boss Leo is doing more City meetings later this week. This is flagged up in an email sent today by Andrew Monk, boss of house broker VSA. He really believes that the shares could be 20p. we shall see. Monk's email follows:
- By Tom Winnifrith |
- 5 June 2017, 02:24 |
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Winner of Bulletin Board Moron of the Week Contest sponsored by Diane Abbott MP
In this week's contest we were looking for special examples of folks who learned their maths the Diane Abbott way. It seems the regular ShareProphets' rogue's gallery was nominated. But we could choose only one.
- By Darren Atwater |
- 5 June 2017, 01:14 |
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Petropavlovsk - time for the Takeover Panel to intervene to stop Russian Roulette?
As a regular reader of the Russian publication Kommersant I bring you an article on Petropavlovsk (POG). Forgive the poor translation but the meaning is clear. If this article is correct, it is clear that those trying to oust the board are working in concert as part of a far wider plan or corporate activity. That is one reason we have voted FIML's shares in favour of the board and against the very dodgy rebels and urge you all to do the same. Surely this is something that the Takeover panel should be investigating as a matter of urgency?
- By Tom Winnifrith |
- 5 June 2017, 01:14 |
Toople Placing Dam Squib, shares collapse, but bankruptcy postponed
As predicted over the weekend shares in Toople (TOOP) have collapsed this morning after Friday's after hours announcement of a £2 million fund raise at 2p. Suckers were invited to take part as the Friday closing mid was 3.25p. The spread now is 2p-2.5p so any flippers hoping to flip will be frustrated.
- By Tom Winnifrith |
- 5 June 2017, 01:13 |