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Latest News

OPTI
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Optibiotix - product launch and dumbf**k email

An early contender for the most idiotic email of the day has just arrived. It compared an RNS out this morning from Optibiotix (OPTI) about launching new products and pushing existing ones to the sort of RNS that the recently suspended fraud Cloudtag (CTAG) used to issue. It is hard to know what to say in the face of such stupidity. There is a clear difference.

XTR
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Xtract Resources – Guess it must stand for Damp F***ing Squib

Hallelujah! Xtract Resources (XTR) finally managed to issue the long-awaited DFS at 4.23pm on 28 February. It’s taken me a bit of time to comment on it as I’ve been scratching my head thinking to myself: “Is that it? Is there a page missing? What now?”

LGEN

As Insurance Shares Boom, Why Not Look At Legal and General

Hello Share Smashers. With the Footsie once again pushing into a new all-time record, it is perhaps time to re-visit an old favourite of mine.

China Flag
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ShareProphets China AIM 'Filthy Forty' update – good riddance Jiasen edition

Since our 24th September previous update, another ShareProphets China AIM 'Filthy Forty' company has followed Geong International and co in 'Geong, Geong' and then Gone - and another has been suspended...

AFRI
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Afriag rescues baby elephant - aaaaaagh, very sweet photo

I have not been terribly complimentary about NEX listed Afriag (AFRI) but you need a heart of stone not to go aaaaaagh at this photo and act of kindness below. Over to the SA press which reports:

Bearcast
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Tom Winnifrith Bearcast: For whom the (front door) bell tolls

The bell in this podcast is not Aidan Earley's libel suit arriving but the workmen returning after lunch. I explain why they are here - blame the Mrs. In terms of stocks I cover Prairie Minerals (PDZ), IGAS (IGAS), Milestone (MSG), Xtract Resources (XTR), Amur (AMC), Advanced Oncotherapy (AVO), NCC Group (NCC), Northern Petroleum (NOP) and Saffron Energy (SRON), Redcentric (RCN), MXC Capital (MXCP) and a few other matters. Smiley face.

SEV
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Servision – first tranche of (not Bill Gates’) cash received…..and a clarification

There was no great surprise from AIM-listed Servision (SEV) in relation to the arrival of the first lump of cash from (nothing to do with Bill Gates) Cascade as announced this morning. But there were a few interesting clarifications in relation to the personal guarantee of Servision head honcho Mr Gidon Tahan which are worthy of comment. As for the subscription at a (still) incredible premium, it still all looks too good to be true.

KENV

ShareProphets readers tips for 2017 competition - end February update

Having asked for readers tips for 2017 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2017)...

IGAS
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Igas – refinancing at 4.5p on the way (if the bondholders agree), Ouzo time!

I’ve been saying for an age that AIM-listed Igas Energy (IGAS) was a sell and this morning the denoument has arrived. In the wake of previous boss Andrew “Piggy” Austin and his dealings with Equities First, and his legacy to the new board of a massively overindebted company, this morning came the announcement that a restructuring is being attempted at 4.5p per share. I fear that poor Tom Winnifrth senior may be further deprived of that bottle of Ouzo. Actually, if the new board manages to pull this off I will take my hat off to it but there are some hurdles to overcome first.

BLVN
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Bowleven - Corporate Governance Fucktards ISS & PIRC show themselves up in backing discredited board

In reality corporate governance bodies such as PIRC and ISS are, these days, part of the establishment so when it comes to crony capitalist companies on AIM they are part of the problem not the solution. This is demonstrated in spades today by events at Bowleven (BLVN)

Sheriff-Of-AIM
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See you in Court Bitchez T-shirt on sale - special one off offer for UK Investor guests

We want your support as we face legal threats to our very existence from some teribly naughty boys. So we would like you to buy a Sheriff of AIM 'See you in court, Bitchez' t-shirts for only £25. But we have a special offer for those attending UK Investor Show on April 1.

JE
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Just Eat PLC More Downside from 500p - I'm Short

I bought a few Just Eat (JE.)for a trade recently on the basis that the share price fall on the news of the standing-down of founder and CEO David Buttress was probably overdone. The shares have continued to drift and I have sold out at a small loss and opened a short at 500p

MSG
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Milestone Group Plc – minimal prospects of collecting failed placing monies: the fat lady is warming up

In its final results yesterday AIM listed lifestyle company Milestone (MSG) commented about the semi failed October 2016 placing:

WRN
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A Second Letter to the Insolvency Service - explicit evidence that Aidan Earley ( banned as a director) was a shadow director at Worthington

Yesterday I asked the Insolvency service to open a formal enquiry into whether Mr Aidan Earley was acting as a shadow director of Worthington (WRN) at a time (when he was barred as acting as a director. If Aidan is guilty he faces up to two years in jail and could be on the hook for Worthington's liabilities (including its vast pension fund deficit) when it went bust. Time to put the Surrey mansion on the market? For I now have a killer email which I have forwarded on to the insolvency service as you can see below.

HAYT

Hayward Tyler – further extension of debt repayment, what of funds recently raised?

My previous update on engineering group Hayward Tyler (HAYT) noted “repayment of £2.4 million of short term banking facilities, currently extended to 28 February”. The following updates with the shares currently further below 40p on the back of an “Update on banking support” announcement...

SGH
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Slater & Gordon joins the Minus 99% club - the curse of fraudster Rob Terry: the end is nigh

When Aussie Poltroons Slater & Gordon spunked £649 million to buy the worthless fraudulent assets of Quindell (QPP) circa two years ago its shares were A$8. They have crashed another 30% today to just 7 cents putting S&G in the 99% club. The signs are growing that the end is not just 90 days away (when it must conclude a debt for equity deal with its banks) but perhaps rather sooner.

RMV

Rightmove Might Not Be the Right Move for Share-Shifters at the Mo

Hello Share Swipers. Though I think house sales will remain sturdy, despite the doubters, I am not so sure about internet estate agents. Rightmove (RMV) is one of those companies which you expect to do well for shareholders as internet house-selling seems to be gaining in popularity. But a popular service is not automatically such a good investment.

CRV
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Craven House Capital – Interims out but impossible to fathom: should be slung off AIM

I’ve left Craven House Capital (CRV) well alone since the finals came out at the end of November last year but, just like a year ago, this morning’s interims have got my hackles right up so I need to get a few things off my chest. I’ll start with the simple question – WHERE IS ALL THE CASH?

WRN
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Aidan Earley sues Tom Winnifrith for £50,000 for libel - he's avin a bubble

Aidan Earley will serve me later today with a libel suit. Very decently - and I mean that - he emailed me an advance copy last night. He has put it up on his website and I link to it below. I draw your attention to page 3 (oooh er missus).

Bearcast
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Tom Winnifrith Bearcast - with apologies to Bjørge Lillelien

I am sure that after events today at Cloudtag (CTAG) you had a good idea how this podcast would start! I move on - as I await apolgies from hundreds of morons for all the abuse and attacks - to cover Avanti Communications (AVN), ECR Minerals (ECR), Milestone Group (MSG), Redcentric (RCN), Red Leopard (RLH) and SalvaRx (SALV) where it is placing ahoy! Oh yes, Aidan Earley has served  me with a libel suit. Natch I will see the bitchez in Court but I too have a little surprise for Aidan. More on that later. Smiley face.

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