Mercom Capital – Calvet International puts deal on the table: Stick or twist?
I first wrote about Mercom Capital (MCC) last week on 18 October, (HERE) commenting on the extraordinary recent share price rise from 3.5p to 13.5p suggesting that it could be time to take profits. Well, I may have missed some upside as Calvet International have put an interesting deal on the table but it merits closer examination.
- By Cynical Bear |
- 27 October 2016, 03:39 |
premium content
Bloody Hell - another Wishbone Placing as Beaufort Securities shows naked greed
Just when Wishbone (WSBN) shares were getting going again after the last placing conducted by Belfort Securities to their spiv share flipping bucket shop mates, here we go again. Boy my morning has started well: not only do I have to suffer more laziness and abusive emails from my lazy, greedy bitch of a selfish bitch of an ex wife but this as well. I want to go back to bed.
- By Tom Winnifrith |
- 27 October 2016, 02:35 |
M. P. Evans – details why it considers offer “highly opportunistic and wholly inadequate” & shareholder support…
Following its announcement earlier this week that the board had unanimously rejected a 640p per share takeover offer from Malaysian company Kuala Lumpur Kepong Berhad, M. P. Evans (MPE) has detailed that shareholders of a majority of its share capital have also stated their intention to reject the offer and why it considers the offer “highly opportunistic and wholly inadequate”...
- By Steve Moore |
- 27 October 2016, 01:08 |
Hoots Mon! RBS Shares Could Perk if the Clydesdale Steps in Where Spaniards Fear to Tread
Hello Share Wallowers. It’s all happening at the old Royal Bank of Scotland, now known boringly as RBS (RBS). It’s all about ownership of its smaller Williams and Glyn business. Spain’s Banco Santander was round the table with W and G, but then it pulled out, reportedly over differences about the price. But now the Glasgow bank Clydesdale (CYBG) may step in.
- By Malcolm Stacey |
- 27 October 2016, 01:05 |
Igas – bondholder meeting update: secured debt says no
AIM-listed and over-indebted Igas Energy (IGAS) has just announced the result of its bondholder meeting. The unsecured debt voted the proposals through, but the secured debt voted it down. The company says it has not yet breached its bond covenants, but that this is now expected next week.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 26 October 2016, 09:15 |
Filthy Forty Taihua – where, oh where, is that share buy-back?
At risk of sounding like a broken clock, ShareProphets AIM-China Filthy Forty play Taihua (TAIH) announced a comical open offer which, apart from a bit of working capital, was to fund a share buy-back. That was back on 25 August – more than two months ago. So where is it?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 26 October 2016, 07:57 |
Capital Drilling – Q3 update, further signs of resources market improvement?
Drilling provider to mineral exploration and mining companies Capital Drilling (CAPD) has provided a “Q3 2016 Trading Update”, including that “improving market sentiment generally is evident”…
- By Steve Moore |
- 26 October 2016, 07:35 |
Sylvania Platinum remains a buy after positive update
I’ve been a fan of Sylvania Platinum (SLP) for some time now and it is a company in which I hold shares myself, and after the latest update I see no reason to change that stance.
- By Gary Newman |
- 26 October 2016, 07:20 |
Igas – high noon in Oslo
At time of writing bondholders in AIM-listed over-indebted Igas Energy (IGAS) are meeting in Oslo, having been summoned by the company to consider proposals to waive certain bond covenants while a restructuring of the company’s capital is negotiated. Igas previously indicated that a bond covenant breach was anticipated to occur this very week. Will the bondholders play ball?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 26 October 2016, 05:53 |
premium content
Tom Winnifrith Bearcast: banking £309 fecking quid from Audioboom - 21 bottles of ouzo ahoy!
Yes my royalties have arrived. I comment on Audioboom (BOOM), Andalas Energy (ADL), Inspirit Energy (INSP) and Cloudtag (CTAG). My other podcast on why Hillary Clinton is the World War Three candidate is HERE.
- By Tom Winnifrith |
- 26 October 2016, 04:34 |
Earthport – “is pleased to announce”… dire full-year results…
“Earthport (EPO), the leading payment network for cross-border payments, is pleased to announce its final results for the year ended 30 June 2016”. The shares are currently down 4%, to sub 16p, in response. Hmmm…
- By Steve Moore |
- 26 October 2016, 04:25 |
premium content
Open Letter: Marcus Stuttard, Mr Bogus Sheriff of AIM - are Lords exempt from your rulebook?
Earlier today I pointed out how Lord David Evans, the senior NED at Advanced Oncotherapy (AVO) sold his entire holding of shares during a closed period and just ahead of a major placing. He appears only to have told the company this week, although the share sales took place between 19 August 2016 and 16 September 2016. This is a massive breach of AIM Rule 21. I have written to Marcus Stuttard, the head of the Oxymorons at AIM Regulation.
- By Tom Winnifrith, The Sheriff of AIM |
- 26 October 2016, 02:30 |
premium content
M. P. Evans – rejects takeover offer, faces hostile move. What to do?
Shares in palm oil producer M. P. Evans (MPE) have soared more than 43% to 610p on the back of a takeover offer from Malaysian company Kuala Lumpur Kepong Berhad – though the offer has been unanimously rejected by the M. P. Evans board...
- By Steve Moore |
- 26 October 2016, 01:25 |
premium content
AIM PLCs ...Trying to bully this website will be your biggest mistake
My old friend Evil Knievil is a man known for his bon mots and among his best is that "if a company threatens legal action it is not an invitation to short its shares but an obligation." As it happens, amid the bluster of the great man, there is hard evidence to back this up as a sensible strategy.
- By Tom Winnifrith |
- 26 October 2016, 01:20 |
premium content
Advanced Oncotherapy, Lord David Evans and that pre-placing share dumping - why no P45?
On 30 September 2016 Advanced Oncotherapy (AVO) announced not only its interim results but also a large placing at 100p. In the run-up to a placing and in the eight week closed period ahead of numbers surely no director could dump his entire holding? Surely not? Think again.
- By Tom Winnifrith |
- 26 October 2016, 01:13 |
Look At Howden Joinery and See if You Could Party in the Kitchen
Hello Share Creepers. I’ve just had a kitchen and a bathroom fitted out. As it isn’t likely to be done again, I chose the most expensive tiles, snazzy worktops, a bath made from steel not plastic and a posh shower screen. Which brings me to today’s suggestion for your further exploration: Howden Joinery (HWDN).
- By Malcolm Stacey |
- 26 October 2016, 01:05 |
premium content
READ THIS NOW: Give Woodlarks a few quid today to transform someone's Christmas
If you read nothing else on this fine website this year please read this article. Woodlarks is a charity I have backed for years since its amazing driving force Nick Richards contacted me 15 years ago. It is a totally unfashionable charity not a well funded luvvie endorsed body. We have just donated £250 to transform someone's Christmas at Woodlarks. Can you spare a few quid?
- By Tom Winnifrith |
- 25 October 2016, 09:35 |
premium content
Xcite Energy – shares suspended as Bondholders to petition for liquidation: Another one bites the dust. Next up, Igas?
This is getting to be the most used phrase on ShareProphets: you can’t say you were not warned…..And so today it is the turn of AIM-listed Xcite Energy (XEL) to get the told-you-so treatment, for this afternoon the shares were suspended and the company announced that its bondholders have walked on restructuring discussions with the company and are to instruct the bond trustee to petition for the appointment of a liquidator. In other words, short of a last-ditch effort to patch up a new deal it looks to be light out time. Shareholders are set to lose everything.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 25 October 2016, 08:37 |
STM Group – following July profit warning, pricing model update…
I commented on cross border financial services provider STM Group (STM) following a profit warning in July and a trading & strategy update in August, concluding the latter - with the shares then at 38.5p - that for those looking for a small speculation, I reckon you could do a lot worse. The following updates with the shares at 48.5p on the back of a pricing model update…
- By Steve Moore |
- 25 October 2016, 07:30 |