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LGO Energy signs up to death spiral and its shares surge... whatever
Shares in LGO Energy (LGO) have raced ahead by 33% to just over 0.14p on news that the company has signed up to a new uber expensive death spiral. Truly some folks just do not get why death spirals are called death spirals. But every cloud has a silver lining: the cash means that LGO can repay French banksters BNP Paribas.
- By Tom Winnifrith, The Sheriff of AIM |
- 7 December 2016, 08:14 |
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FRAUD African Potash shares up 30% (and it was 90%) - a dead cat bounce as it debuts on ISDX
Shares in the fraud African Potash (AFPO) made their debut on the ISDX lobster pot today and for some reason have surged on AIM. This is a dead cat bounce. Tomorrow they will be suspended on AIM and a month later booted off the Casino because no Nomad will act for this company - Cantors having given notice on September 7. The reason that no Nomad will act - despite promises from lyin' Chris Cleverley in a recent RNS that he was confident one would - is that Potash issues lies via RNS to get placings away. Thus it is a fraud.
- By Tom Winnifrith, The Sheriff of AIM |
- 7 December 2016, 07:54 |
John Lewis of Hungerford – full-year results, “fifth consecutive year of sales growth” BUT…
Specialist kitchen manufacturer and retailer John Lewis of Hungerford (JLH) has announced results for its year ended 31st August 2016 – including a “fifth consecutive year of sales growth, which exceeded £8 million for the first time”. However…
- By Steve Moore |
- 7 December 2016, 06:50 |
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Milestone – shambles upon shambles, is it insolvent yet?
AIM-listed lifestyle company Milestone Group (MSG) has updated on the placing that didn’t raise the £1.385 million announced on 20 October. Having previously announced that £1.25 million of the proceeds hadn’t arrived, it now turns out that the little bit of meter-money which did arrive has now been paid back and the company is trying to do a replacement placing. Shambles upon shambles.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 7 December 2016, 04:27 |
CAP-XX – was pleased with commercialisation progress, now lower prices in ‘response to customer demands’. Hmmm…
Having in its October full-year results announcement been “pleased with the progress made in commercialising our small and large supercapacitor products”, CAP-XX (CPX) has now announced it has “responded to the demands of our international customer base… significant production cost savings on its supercapacitor solutions for both passenger vehicle and heavy vehicle automotive applications”. Hmmm…
- By Steve Moore |
- 7 December 2016, 04:10 |
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More damning statistics on AIM, provided by the world's "most successful growth market". Not!
As a boy I would eagerly await the start of each month. Before I went to bed I said hares brown hares and my first words on waking would be rabbits white rabbits. That was meant to bring you luck. These days the start of the month ritual ( well six days in) involves chortling at the latest dire statistics AIM provides about itself. November was as bad as prior months. AIM is nothing if not consistent.
- By Tom Winnifrith, The Sheriff of AIM |
- 7 December 2016, 01:20 |
Dialight – now targeting “materially ahead of expectations”. But…
LED lighting technology company, Dialight (DIA) has updated that “following a good November performance and looking forward to the prospects for December, the group is now targeting an underlying EBIT (including FX) for the year ending 31 December 2016 materially ahead of expectations”. But…
- By Steve Moore |
- 7 December 2016, 01:14 |
All the Banks Are on the Move - But the Honkers Shares Could Take the Prize
Hello Share Planners. You may have noticed all the UK banks have been rising over the last few days. This has happened even though the rest of the Footsie has been pretty stodgy. The reason, I think, is that Italian banks have become even more unreliable, and by unfair association, the banks of other Eurozone countries.
- By Malcolm Stacey |
- 7 December 2016, 01:12 |
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Tom Winnifrith Bearcast: Staring down the barrel - just one week left for the bailout placings
I am just so tired after day 4 of the olive harvest. You can see today's report - into the lair of the snake - HERE. In this podcast I cover: Cloudtag (CTAG), Strat Aero (AERO), Andalas (ADL), the CFD firms and the FCA, notably Plus 500 (PLUS), African Potash (FRAUD), Corero (CNS), Inspirit (INSP) and Fishing Republic (FISH).
- By Tom Winnifrith |
- 6 December 2016, 08:52 |
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Advanced Oncotherapy - The deafening silence is itself a cause of panic: target price is 0p
Yesterday I published extracts from leaked emails that show that Advanced Oncotherapy (AVO ) kept very bad news regarding China contracts from investors as it launched and conducted an open offer. That is monumentally serious. In the US folks would already be doing a perp walk fort that but even our useless regulators will do something here. In normal circumstances the company would issue a response via RNS but here we are a day and a half later and even though the shares slumped yesterday and are sliding again today we hear only a deafening silence.
- By Tom Winnifrith, The Sheriff of AIM |
- 6 December 2016, 08:15 |
Image Scan Holdings – full-year results, jam now being delivered?
X-ray imaging for the security and industrial inspection markets-focused Image Scan Holdings (IGE) has announced results for its year ended 30th September 2016 – and the shares are currently slightly higher to 6.5p…
- By Steve Moore |
- 6 December 2016, 07:58 |
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CFD firms whacked as Britain's FCA follows European lead and clamps down
I do not use CFD's. They seem like a mugs game and indeed research by the FCA shows that 82% of clients of the big providers lose money. But then most folks lose on the horses or on betting on football so why target CFDs? It is all driven by MiFD2. We saw this take shape in Cyprus last week although Plus500 denied that it would be affected in a pathetic rebuttal to my scoop. That rebuttal was bollocks and Plus shares are among the big fallers today as the FCA has weighed in with a series of measures.
- By Tom Winnifrith, The Sheriff of AIM |
- 6 December 2016, 07:57 |
Imaginatik – half-year results note “tangible results for our customers”, but what about for shareholders?…
Having fallen towards 1p after being above 5p as recently as May, shares in Imaginatik (IMTK) are currently recovering to around 2p on the back of results for the company’s half year ended 30th September 2016…
- By Steve Moore |
- 6 December 2016, 04:31 |
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CloudTag – the great Waseem Shakoor on the money again
AIM-listed CloudTag shares have again been on the up this morning, racking up to 9.125p mid last seen. L1 will no doubt be delighted. Meanwhile the saintly Waseem Shakoor explains what he thinks is going on here, explaining it all to the BBMs – as if they’ll pay any attention.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 6 December 2016, 04:29 |
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Milestone Group - Show Me The Money & heads should be rolling
I feel legged over and am angry but there are wider points: how financially screwed is Milestone Group (MSG) and why has no head rolled for the way it mislead investors?
- By Tom Winnifrith, The Sheriff of AIM |
- 6 December 2016, 01:59 |
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Cloudtag forced to make statement and its all bollocks
Staff at Cloudtag's (CTAG) hapless Nomad (Cairn Financial) must be going bonkers. My friend Liam Murray does not have much hair but he must be tearing out the little that he does have. A CEO who communicates not only via RNS statements that are totally untrue but also via private emails to members of a shareholder base from Bedlam who will at 2+2 to make 27 is a toxic mix. It is not how a regulated orderly market is meant to work. And so yesterday shares in Cloudtag zoomed ahead by as much as 35% peaking at 8.5p. So Cairn forced the CEO, Mr Amit Ben Haim, to make a statement. The shares closed at 7.875p. The statement is a total joke.
- By Tom Winnifrith, The Sheriff of AIM |
- 6 December 2016, 01:56 |
OneView Group – half-year results show reason for additional loan facility
Having most recently warned on OneView Group (ONEV) last month HERE, the company has now announced an additional loan facility and results for its half year ended 30th September 2016 showing why…
- By Steve Moore |
- 6 December 2016, 01:55 |
Why on earth are people still buying Amur after a £66 million rise in market cap!
When a small mining company sees its market cap increase by over £66 million in the space of a month without any corresponding news to support such a rise, you have to wonder at the sanity of private investors who are still piling into the share.
- By Gary Newman |
- 6 December 2016, 01:44 |
Why I'm Not Getting Busy with the Fizzy
Hello Share Casters. Being rather proud of my stick-like figure, I’ve entered the habit of avoiding fizzy drinks. This was hard as I have a passion for dandelion and burdock and ginger beer. It’s the government’s attitude to sugary drinks that has put me off an old favourite share of mine, Britvic (BVIC). Normally I would commend this share to your attention.
- By Malcolm Stacey |
- 6 December 2016, 01:30 |
Interquest another warning and another company chat
A latest “Trading update” announcement from recruitment group InterQuest (ITQ) saw the shares fall to to circa 30p although with Jim Mellon upping his stake they are now 35p. We have had a long chat with the company’s Chairman Gary Ashworth.
- By Tom Winnifrith & Steve Moore |
- 5 December 2016, 08:59 |