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Filthy Forty PCGE Entertainment: it is hats off to Saint Richard Poulden as rescue deal revealed
ShareProphets AIM-China Filthy Forty play PCG Entertainment (PCGE) has announced a rescue deal. It is great news for shareholders and a stunning coup for head honcho Richard Poulden, the Chairman, who stepped up to the plate following the shocking emergence of difficulties involving previous top dog Mr Kung Min Lin and a deal to buy Centre Point Development Corp (CPDC). The deal announced today looks to be a full lancing of the boil.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 11 January 2017, 08:19 |
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Foxtons – full-year trading update, sales trend dire…
Already down to sub 100p having commenced 2016 at 188p, has a full-year trading update helped shares in London estate agency Foxtons (FOXT) recover somewhat? Er, nope…
- By Steve Moore |
- 11 January 2017, 07:55 |
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Tom Winnifrith Bearcast: Explaining what a kitchen sink is - ref Cobham
Oakley is about to be petrified as the working classes are arriving. He fears them greatly. He fears hoovers even more. But ahead of that I record quickly. Today I cover Darren's bogus religion of global warming and Ariana (AAU) - the market has this wrong - Cobham (COB) - what ia kitchen sink - my dream St Valentine's Day massacre involving three listed companies which could all go bust on February 14. Please God! I also look at PCG Entertainment (PCGE) and its news today. Hats off to my friend comrade Richard Poulden. I also chide young Steve for not giving credit where credit is due to Majestic Wine (MJW) and have a few words about Aidan Earley. I thank him publicly on one matter although a lawyers letter has been received.
- By Tom Winnifrith |
- 11 January 2017, 05:20 |
Golden Saint - just when will the Fat Lady sing? Shares crashing to new lows.
As at 30 June 2016 Golden Saint Resources (GSR) had $722,000 cash and cash equivalents but by mid November the tank was empty and this cash guzzling joke of a company needed to raise another £400,000 gross (call it £350,000 net or $450,000) to keep going. So how much is left? The share price tells you that cash is running out fast (again) - the stock is now at an all time low of 0.025-0.03p valuing this crock at just £1.6 million. That, BTW, is £1.6 million too much.
- By Tom Winnifrith |
- 11 January 2017, 05:19 |
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Cobham – ANOTHER profit warning, though still worse to come?
Aerospace and defence group Cobham (COB) has released a “Post-close Trading Update”, with the shares currently around 15% lower, at 140p, in response. Uh-oh…
- By Steve Moore |
- 11 January 2017, 04:40 |
Don’t Become Complacent With Stock Markets This High - Blow Off Top is Nigh
Markets may move down soon which may include mining stocks - that is the view of commentator David Skarica who is concerned about the potential for a big debt crisis which could cause a short term deflationary bout, but it may be a great buying opportunity. Commodities will most likely rally into that deflationary period first and be similar to 2001/2002.
- By Tom Winnifrith |
- 11 January 2017, 03:56 |
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Jim Mellon's Diabetic Boot spoof - is there something FastForward, Port Erin & Life Science should be saying?
Cynical Bear has twice reported back on the great Jim Mellon Diabetic Boot spoof. This is a private company originally backed by Mellon with his own cash but then backed at ever higher valuations by PLCs controlled by Mellon, i.e with other folk's cash. But something happened before Christmas - surely the listed vehicles need to fess up? The spoof is not funny anymore, it is seriously related party unfunny;.
- By Tom Winnifrith |
- 11 January 2017, 03:55 |
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Have you lost money on the Cloudtag fraud? - Grant Thornton might help you get it back
With shares in the AIM listed fraud Cloudtag (CTAG) having slumped from a peak of 25p to c7p there are already many investors who have lost money. Over the next few months as the share price dwindles towards zero there will be legions more. But help may be at hand from Grant Thornton's fraud insolvency and recovery team.
- By Tom Winnifrith, The Sheriff of AIM |
- 11 January 2017, 01:14 |
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UPDATE: Filthy Forty Taihua - Company Website news at long last
Well there you go: two letters to AIM Regulation and half an hour after the second one is published ShareProphets AIM-China Filthy Forty Taihua (TAIH) releases an RNS saying it has a new website: www.taihplc.cn. Amen to that - and a rare well done to the oxymorons. A dot.com becomes a dot.cn - was that really so hard to explain to the market in an RNS, that it has taken over six weeks to update investors since the demise of the company's previous pages?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 11 January 2017, 01:09 |
CloudCall – Trading Update emphasises positives, but it remains cash burn ahoy!
Integration of telephony systems into existing customer relationship management software-focused CloudCall (CALL) is “pleased to announce” a full-year trading update – and the following reviews with the shares currently more than 17% higher, at 76p, in response…
- By Steve Moore |
- 11 January 2017, 01:05 |
Whitbread Shares May Froth Despite the National Living Wage
Hello Share Cravers. Whitbread (WTB) is a name which still conjures up old-fashioned pubs and breweries. Not necessarily a great business to be in that, as pubs seem to close down all over the shop.
- By Malcolm Stacey |
- 11 January 2017, 01:02 |
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Tom Winnifrith bonus bearcast: not all Death Spirals are the same - the L1 Cloudtag warrant catastrophe explained
I know I have slammed death spirals but they can actually be a "cheaper" source of equity funding for some PLCs. But not all spirals are the same and the L1 facility is a disaster for Cloudtag (CTAG). I explain in this podcast how the warrant kicker will crush the Cloudtag share price and when. Perhaps after listening you want to enter the Cloudtag share price guessing contest HERE
- By Tom Winnifrith |
- 10 January 2017, 08:24 |
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Filthy Forty Taihua – Another letter to AIM Regulation: still no website, still no buy-back, still no update on related party receivables.
ShareProphets Aim-China Filthy Forty play Taihua (TAIH) is having a giraffe. The buy-back announced last August, to be paid for from an Open Offer long since completed hasn’t happened. There has been no update on the matter since the end of September. The accounting matters over related party receivables which the company, in its FY15 Annual Report promised an update on has seen no further comment. The website has disappeared, meaning that the company is in breach of AIM Rule 26 – a matter I raised with AIM Regulation on 29 December last year.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 10 January 2017, 08:06 |
Majestic Wine – Christmas Trading Statement sales numbers appear promising, but are they?
A “Christmas Trading Statement” from Majestic Wine (WINE) notes an underlying sales increase of 12.4% for the 10 weeks ending 2nd January. Sounds promising…
- By Steve Moore |
- 10 January 2017, 06:50 |
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City Grandee Bob Morton gets most serious "cold shoulder" sanction in history of Takeover Panel - branded a liar
In a ruling handed out on December 21 but published today the Takeover Panel has handed out the most severe sentence in its history to City grandee and veteran financier Bob Morton and also branded him a liar for the way he tried to cover up his actions.
- By Tom Winnifrith |
- 10 January 2017, 05:32 |
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Advanced Oncotherapy - where is that new funding you promised brokers would arrive by December 31?
AIM (very) bad boy Advanced Oncotherapy (AVO) did its best to ramp its shares following the shock loss of its entire order book back in November. Or was it October? Glitzy promo videos and spoofing share purchases by NEDs phased out to have maximum effect on fooling the gullible managed to get the shares back to c90p. But now folks are looking behind the smokescreen of bullshit and the shares are tumbling again, to 73.5p. Since this company has committed securities fraud my target remains 0p. The questions are mounting fast.
- By Tom Winnifrith, The Sheriff of AIM |
- 10 January 2017, 02:38 |
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Tom Winnifrith Bearcast- Why liquidity is critical for small caps, notably 2 that are going bust
When buying or selling shares ( or houses) folks all too often ignore the issue of liquidity. This matters greatly both for investors and also for companies. I look at this in detail using two examples, both companies that are, IMHO, weeks away from going bust.
- By Tom Winnifrith |
- 10 January 2017, 02:38 |
HaloSource – trading update, still desperate times?
Having from November 2015 onwards been warning on the shares of water technology company HaloSource (HALO), I note an update on trading and its strategic review...
- By Steve Moore |
- 10 January 2017, 01:17 |
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Parallel Media – a SELL as share price rise forces statement: a lesson in following the BBs
Yesterday morning shares in AIM-listed Parallel Media (PAA) shot out of the gates from the start of trading, peaking at a gain of almost 200%. Meanwhile, over on the LSE Asylum the PAA bulletin board was full of speculation about a corporate deal which would see the shares roof it. 50p, 100p here we come. Having opened the morning at 16p, the stock peaked at 46.5p (mid) with peak prices paid of 48p. But then the company spoke….
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 10 January 2017, 01:12 |
RedstoneConnect – “Business Update” review, still one to watch?
Having previously concluded that shares in ‘smart’ buildings and workspaces-focused RedstoneConnect (REDS) remained on the watchlist at 1.60p, I now note a “Business Update” announcement from the company…
- By Steve Moore |
- 10 January 2017, 01:11 |