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Filthy Forty Asian Citrus – still no progress on fraud allegations as AIM execution beckons
ShareProphets AIM-China Filthy Forty purveyor of biblical plagues Asian Citrus Holdings (ACHL) has updated on the long saga of its audit investigation into allegations which suggest fraud. It seems there is little progress, if any, to report as the company hurtles towards the six month mark in suspension from trading, and execution under AIM Rules 41.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 6 January 2017, 04:41 |
Crawshaw – argues “we continue to be encouraged”, the market isn’t…
Fresh meat and food-to-go retailer, Crawshaw (CRAW) has updated on trading including “we have continued to build on the progress noted in our last update with the improvements in sales and customer numbers being maintained through December as planned” and “we continue to be encouraged by the customer response to the recent changes we've made”. So why are the shares currently approaching 8% lower, at 23.5p?...
- By Steve Moore |
- 6 January 2017, 04:31 |
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Harvest Minerals - by jove the internet troll Lucian Miers is right: this is a sell!
I revealed yesterday how the ramptastic boss at uber-pump Harvest Minerals (HMI), Mr Brian McMaster, had branded Lucian Miers as an "internet troll" for having the temerity to (rightly) call the shares as a sell at 21.5p. The outrageous behaviour of this spivvy promoter makes me look at the shares, now 17.25p to sell, and I have to say that it is "red flags ahoy" - Lucian is 100% correct.
- By Tom Winnifrith, The Sheriff of AIM |
- 6 January 2017, 01:37 |
Challenger Acquisitions chairman quits after just 358 days as company admits its in real trouble
Cynical Bear is probably onto his second bottle of ouzo by now thanks to today's news from Challenger Acquisitions (CHAL). Mr Bear has warned you time and time again about the numerous red flags associated with this company and indeed made it one of his two sells of the year with a target price of 0p HERE. And today we learned that after just 358 days with the company the chairman John Le Poidevin has resigned. It gets better if you are Mr Bear. Have another ouzo.
- By Tom Winnifrith |
- 6 January 2017, 01:36 |
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Boxhill Technologies: Um, M’Lord, just wondered, if you don’t mind….WHERE’S THE CEO?
I surprised myself to note that I haven’t commented on the quality outfit, Boxhill Technologies (BOX), in over two months so thought I should start the New Year by asking the question that must be on every investor’s lips: when is the new CEO going to start and who the hell is it? Surely the company's not struggling to find a suitable mug / candidate?
- By Cynical Bear |
- 6 January 2017, 01:35 |
Fastjet – 5 months after the last, it’s bailout fundraising AGAIN!
“fastjet (FJET), the low-cost African airline, is pleased to announce that… it has successfully placed 143,449,794 new ordinary shares at a price of 16.3 pence per share… If the placing does not proceed and complete, and in the absence of the group being able to successfully agree or implement any alternative funding, the directors would seek to commence a process of placing the group into administration”. Wait a minute, just in August the company raised “total aggregate gross proceeds of £15.2 million… all at 50 pence per new ordinary share”. What’s gone on?
- By Steve Moore |
- 6 January 2017, 01:34 |
EVR Holdings – Take a bow, Anthony Matchett, the almost perfect podcast ramp
I’m struggling to take my eyes off the ‘flavour of the month’ stock, EVR Holdings (EVRH), at the moment as it continues its irresistible rise upwards and I have to tip my hat to a great performance by the CEO, Anthony Matchett, on a podcast on Wednesday and all CEO’s in the ramp phase should take note.
- By Cynical Bear |
- 6 January 2017, 01:33 |
Why Supermarkets May Not Be a Super Investment in 2017
Hello Shares Casters. Though I’m bullish about UK shares generally, and while I hold quite few shares in Tesco (TSCO), Sainsbury (SBRY) and Morrison (MRW), I am worried about the ability of supermarkets to shine in Shareland in 2017. I suppose of all three stores, I’m most optimistic about Morrisons.
- By Malcolm Stacey |
- 6 January 2017, 01:25 |
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Lucian Miers branded "internet troll" by Harvest Minerals as its uber-ramped shares slide fast
In an article just before Christmas Lucian Miers explained very clearly why at 21.5p shares in uber-ramped harvest Minerals (HMI) were a slam dunk sell. He makes hard and valid points - including that a placement is looming - HERE. The shares are now 17.5p to sell. And so a loon has emailed Brian McMaster who runs Harvest and posted his reply on the LSE Asylum. Brian the ramper fails to answer Lucian's points, fails to deny that it is placing ahoy but instead brands Lucian an "internet troll." McMaster writes:
- By Tom Winnifrith, The Sheriff of AIM |
- 5 January 2017, 08:33 |
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Tom Winnifrith Bearcast - Malcolm you are just wrong, wrong, wrong
I start on the matter of our latest Winnileaks shocker on the fraud African Potash (AFPO). Then it is onto why Malcolm Stacey is just so wrong on the housebuilders HERE. Then I look at Touchstar (TST), Strat Aero (AERO) and Andalas (ADL).
- By Tom Winnifrith |
- 5 January 2017, 08:32 |
Reviewed: Performance of the AIM shares shorted as at the start of 2016
We recently detailed the shorted AIM shares (by net short position %) at the start of 2017. How did 2016's perform?...
- By Steve Moore |
- 5 January 2017, 08:00 |
MySQUAR: A cash-burning, “jam tomorrow stock” – AVOID!
A tad surprisingly, I got into cryptography at Christmas so, taking inspiration from a mighty opus in that domain, I thought I would look at a shockingly, disappointing stock, MySQUAR (MYSQ), using a particularly odd approach. No trophy for working out my antics as you may actually find it a risky topic to Disqus, but can I actually do 400 words on this stock in a fitting way with my customary virtuosity?
- By Cynical Bear |
- 5 January 2017, 07:39 |
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And now for Sula - why am I tipping it as a potential ten bagger: Andrew Monk
Andrew Monk of VSA Resources was today explaining in his private daily email why Sula Iron & Gold (SULA) was his second nap share tip of the year. Now bear in mind VSA acts for Sula but Monk is a principled sort of fellow and if he says he believes in something he really does. As such it is over to the Monkey who writes:
- By Tom Winnifrith |
- 5 January 2017, 07:18 |
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Kerboom: African Potash - how it misled investors massively in August 2015 - new document arrives
It has already been demonstrated here by the publication of leaked documents that African Potash (AFPO) lied to investors via RNS in November 2015 and January (6) 2016 in order to get a placing away. Now another document has fallen into my possession which shows how Potash misled mug punters into piling into the shares on August 4 2015 as it announced "Landmark Trading Agreement with COMESA". Sadly for CEO Lyin' Chris Cleverley I have the original MOU which we can now compare and contrast with the RNS. Oh dear. Kerboom!
- By Tom Winnifrith, The Sheriff of AIM |
- 5 January 2017, 04:32 |
Stanley Gibbons - dire interims but...
This is one of our worst share tips and also one of my (TW) worst investments of recent years. Collectibles group Stanley Gibbons (SGI) has announced further dire results - this time for the six months ended 30th September 2016 - though “is optimistic that the trading of the group is now beginning to reflect the giant strides made through the restructuring plan in a year of substantial transition” (including a completely new board of directors).
- By Tom Winnifrith & Steve Moore |
- 5 January 2017, 04:31 |
Sterling Energy - just how slack is the policing of TR-1s?
This morning at 9.30am AIM-listed Sterling Energy (SEY) issued a "Delayed Notifications of Major Interest in Shares" RNS. The apology is commendable, but this relates to two TR-1 notifications received by the company but not passed on to the market for almost 9 months.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 5 January 2017, 04:31 |
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United Cacao - it is now 10 seconds to midnight, when companies collapse it happens fast on AIM
No-one could accuse United Cacao (CHOC) of hanging around when it came to staging its own fatal car crash. December 22nd to January 4th was all it needed to go all the way.
Yesterday at 4.10 PM Nomad Strand Hanson quit with immediate effect. The shares are suspended and it must be game over. First, a reminder of back to mid December when the shares were 115p.
- By Tom Winnifrith |
- 5 January 2017, 04:30 |
Science in Sport – a “trading update” which omits to update on the bottom-line impact of trading!
Sports nutrition company Science in Sport (SIS) has made a “Pre-Close Trading Update” announcement commencing that “sales increased 30% to £12.24 million in the 12 months to 31 December 2016”. Sounds promising, what about profitability?…
- By Steve Moore |
- 5 January 2017, 04:29 |
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The Great Waseem on the "Seven Steps" of Cloudtag pump & hype
Yesterday I tried to explain the psychology of AIM fraud and fraudsters with reference to both African Potash (AFPO) and Cloudtag (CTAG). The great bear raider Waseem Shakoor also published a note explaining the seven steps of Cloudtag hype to facilitate is main business of share issuance. As you'd expect it is a cracking read. Over to the great Waseem
- By Tom Winnifrith |
- 5 January 2017, 01:48 |
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Top shorted London-listed shares at the start of 2017
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the ten top shorted London-listed shares at the start of 2017...
- By Steve Moore |
- 5 January 2017, 01:03 |