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Another Winnileaks scoop: Murray d'Almeida of Management Resource - and the covert share dealing: Resign now you bastard
Over at Management Resource Solutions (MRS) it is all happening. But thanks to our "Winnileaks" service we have a few documents to show you as well as evidence of a cover up that demand a full investigation by regulators and the resignation of chairman Murray d'Almeida ( of Beacon Hill infamy) NOW!
- By Tom Winnifrith, The Sheriff of AIM |
- 31 January 2017, 05:07 |
Tax Return in: I owe £2 says Mrs Evil Knievil - deadline is today: do not miss it
If you have to do a tax return today is the last day to submit if you want to avoid a £100 fine. Last year I goofed. This year the admirable Mrs Evil Knievil of the fine firm of Cawkwells has worked wonders and the form has just gone in. I owe HMRC £2 which I am delighted to say has already been paid by Mrs C so we are all square! The Mrs went one better.
- By Tom Winnifrith |
- 31 January 2017, 04:39 |
Quarto – 2016 impacted by Books & Gifts Direct business, but potential value?
Shares in illustrated book publishing group Quarto (QRT) currently trade approaching 9% lower, at 290p, despite a trading update for 2016 including that “a resilient performance in the core publishing businesses means the group expects to report profits in line with management expectations,…”. Ah. “… excluding the impact of our Books & Gifts Direct business”…
- By Steve Moore |
- 31 January 2017, 04:29 |
Petropavlovsk Trading update - buy
Petropavlovsk (POG) has updated on 2016 production in-line with its revised guidance (just) – and that it expects better in a 2017 year which should also see some transformative development. Good news, it is about time too.
- By Tom Winnifrith & Steve Moore |
- 31 January 2017, 04:28 |
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Filthy Forty Jiasen – And now the reason for proposing the AIM delisting
Yesterday we noted the announcement from ShareProphets AIM-China Filthy Forty play - and one of the Fujian Four – Jiasen (JSI) that it was proposing to delist from the Casino. Having listed at 82p per share in 2014, the current 3.125p (mid, last seen) seems a trifle disappointing. Today the company has given its reasons for the proposal. Try not to laugh….
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 31 January 2017, 04:27 |
Filthy Forty Taihua – is Tom Winnifrith’s cat, Oakley, a genius?
A profit warning out yesterday afternoon had Tom Winnifrith in yesterday’s Bearcast saying that his cat, Oakley, was seeing through the recent histoire of ShareProphets AIM-China Filthy Forty Taihua play (TAIH) and coming to awkward conclusions. Is Oakley a genius, I wonder?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 31 January 2017, 01:15 |
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Tom Winnifrith Bonus Bearcast: #BoycottBoohoo, the shameful and unacceptable face of capitalism exposed
I am no fan of Channel 4, Most of its reporting is shocking. But the Dispatches programme today was superb journalism. It exposed Boohoo.com (BOO) and to a far lesser extent ASOS (ASC) for the way they treat management. Boohoo was truly shamed. Its management were shown to be shifty and deceitful in their responses to a film footage which showed quite sickening exploitation of workers and indeed law breaking. If I was a customer I'd shut my account down at once. There are legal and financial implications (bad ones) but the biggest will be reputational damage. How will the snowflake generation who are Boohoo customers react? Looker at #BoycottBoohoo on twitter and have a guess. All this is discussed in a bonus podcast.
- By Tom Winnifrith, The Sheriff of AIM |
- 31 January 2017, 01:14 |
Drink, Drink, Drink to Diageo Shares
Hello Share Trudgers. I’m going to suggest again you look at Diageo (DGE), one of the world’s biggest drinks companies. If you look at your FaceBook pages, you’ll see snaps of loads of friends and relatives, leering with a drink in their hands.
- By Malcolm Stacey |
- 31 January 2017, 01:12 |
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Tom Winnifrith Bearcast: The dangers of fad investing - Fitbit shocker, Torotrak shocks again & China fraud vindication
I take a detailed look at fad investing covering the big California drone fraud but also Fitbit which had a shocking profits warning today, Fitbug (FITB) and Cloudtag (CTAG). I look at two China frauds on AIM in big doo doo, Jiasen (JSI), which is definitely a kill for the Sheriff of AIM, and Taihua (TAIH) which will be. Then I look at Torotrak (TRK), Guscio (GUSC), Greatland Gold (GGP), Andalas (ADL), Golden Saint (GSR), Amur Minerals (AMC) and finally LGO Energy (LGO)
- By Tom Winnifrith |
- 30 January 2017, 08:22 |
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Igas – mandatory bond buy-back after investment falls short
AIM-listed and over-indebted Igas Energy (IGAS) this morning announced that it is to conduct a mandatory redemption of $2.3 million of its secured bonds after investment in its conventional hydrocarbon assets fell short of the required $15 million last year by the aforesaid $2.3 million. It may seem that this is good news in that the company is being prudent, but I suspect that this is bad news on two fronts.
- By Nigel Somerville |
- 30 January 2017, 08:20 |
Brandon Hill says Vast disposal "an excellent deal"
Okay it is house broker so hardly partial but the disposal made by Vast Resources (VAST) and announced today can't be bad news can it? Over to broker Brandon Hill which writes:
- By Tom Winnifrith |
- 30 January 2017, 08:00 |
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PhotonStar LED – loss warning, product modifications needed & cash crunch ahoy as CEO claims “good progress”!?!
“James McKenzie, Chief Executive of PhotonStar (PSL), said: ‘In 2016, we made good progress in transitioning the group into becoming a retrofit connected lighting and building management business’”. Good, good. You what? The shares currently more than 15% lower, at sub 1p, in response to the announcement…
- By Steve Moore |
- 30 January 2017, 07:40 |
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Torotrak – from “significant increase in interest” to a now ‘materially reduced’ opportunity…
Previously writing on Torotrak (TRK), I concluded that the shares were a sell at 5p on the back of “Trading Statement” announcement which was actually a ‘commercialisation delay’. I now write with the shares, on the back of a “Strategic Update, Group Refocus” announcement, currently circa 45% lower today, at around 1p!...
- By Steve Moore |
- 30 January 2017, 04:28 |
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Euro to collapse within 18 months, EU as we know it to be swept away
The Euro could "collapse" within the next 18 months, the man tipped as the next US ambassador to Brussels has claimed, adding that he would "short" the EU single currency if he was an investor. Prof Ted Malloch, a former Oxford University professor now at University of Reading, added that the UK and US could cut a bilateral trade deal inside 90 days and that elections in Europe this year could sweep away the EU as we know it.
- By David Scott |
- 30 January 2017, 03:09 |
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Avocet Mining is a cracking short
I wrote a while back about Avocet (AVM), suggesting that the share price fluctuations, which were linked to the fortunes of 1392 ounces of gold seized by workers at its Inata mine in Burkina Faso, ignored the fact that the company was essentially insolvent.
- By Lucian Miers |
- 30 January 2017, 03:05 |
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African Potash Legal Update & Additional Request to shareholders
If you want to sell shares in the fraud African Potash (AFPO) now on the NEX lobster pot, you will now get 0.03p. So the shares are now more than 99% down from the peak. So what news on trying to sue the board or the advisers at Cantor Fitzgerald to get your cash back?
- By Tom Winnifrith, The Sheriff of AIM |
- 30 January 2017, 02:39 |
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Challenger Acquisitions: Surprise, surprise, Chiel Smits has had enough and takes his ball home
Another slow step towards the grisly end for Challenger Acquisitions (CHAL) this morning as, unable to pay its debts due to the Starneth guys, it “sold” the business back to them, leaving Challenger holding nothing but a few promises and hopes, although clearly it hasn’t been spun that way.
- By Cynical Bear |
- 30 January 2017, 02:22 |
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Cloudtag Inc – Post 2017 CES feedback – The Silence is deafening
On the LSE Asylum Cloudtag (CTAG) Board, some punters were excited that their new product, the Onitor has now finally received some reviews based on this website . What a joke, the site had a total review feedback of 9 user reviews and also states under market status about the product “Unreleased”. I put it to you that a review of a product not released has got to be "fake news" - you can't review something you cannot use.
- By Tom Winnifrith, The Sheriff of AIM |
- 30 January 2017, 02:10 |
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FRAUD Jiasen - ouzo time as Filthy Forty AIM departure #24 is booked, NED walks
Did it jump or was it pushed? ShareProphets AIM-China Filthy Forty posterboy Jiasen (JSI), one of the Fujian four, has announced this morning that it is proposing to delist from AIM and move instead to NEX (the lobster-pot formerly known as ISDX) - just when we thought that the race to AIM departure #24 from the Filthy Forty was down to a two-horse race between Asian Citrus (ACHL)and MoneySwap (SWAP). Jiasen also announced the departure of a NED with effect from the end of February.
- By Nigel Somerville & Tom Winnifrith |
- 30 January 2017, 01:25 |
Look At Our Great Wall of Shops to Benefit from the China Syndrome
Hello Share Pingers. For the last few years I’ve poured scorn on investing in most retail chains. This is because of the encroachment of on-line shopping. But I’ve changed my mind. For one thing the big retailers have built up blistering on-line operations of their own. They are putting up a strong front of competition to long-time on-line specialists like ASOS (ASC).
- By Malcolm Stacey |
- 30 January 2017, 01:08 |