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Gulf Keystone: the Final Chapter.
On Thursday, as expected, the bond holders in Gulf Keystone (GKP) agreed to the restructuring which will give them 85.5% of the company. All that remains is for the scheme to be sanctioned in court next Friday, a formality. Within five working days of that date just shy of 20 billion shares will be dispatched to noteholders.
- By Lucian Miers |
- 24 September 2016, 06:29 |
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Tom Winnifrith Bearcast - I'm selling shares ahead of a winter of discontent
I refer to a podcast I did earlier on Dr King and Donald Trump HERE. Malcolm Stacey has today urged you to buy shares HERE. I am starting to sell FIML owned shares as I am now more bearish than I have been in a very long time. I take apart Malcolm's flimsy arguments but add in a number of other points to make, what I think, is a compelling bear case.
- By Tom Winnifrith |
- 24 September 2016, 06:28 |
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Vote Now in the Filthy Forty Pongy Poll! Which will be the next F40 casualty of the Sept 2016 reporting season?
Last year’s Sept reporting season saw a raft of casualties as members of the ShareProphets AIM-China Filthy Forty either failed to release numbers on time and/or saw the Nomad quit. With less than one week to go until deadline day for interims to June 2016 (or finals to March 2016) there are ten of the remaining 17 members of our iffy index still to report (or announce that they won’t). Which will be the next to get suspended?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 24 September 2016, 06:07 |
Begbies Traynor trading update - good but not great, but the shares are a buy
Begbies Traynor (BEG) has updated on “satisfactory” trading in the first quarter of its current financial year and emphasised that “we continue to be confident of the prospects for the group”. And that makes the shares look cheap.
- By Tom Winnifrith |
- 24 September 2016, 04:30 |
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Minoan - when will we get a decision on Cave Sidero?
On Friday 16th September Minoan (MIN) confirmed that the final court hearing had taken place. So when will we get a decision?
- By HotStockRockets |
- 24 September 2016, 04:25 |
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ShareProphets China AIM 'Filthy Forty' update – further more than half our index not 'Geong, Geong', but Gone…
Just over two months on since our previous update and two more ShareProphets China AIM 'Filthy Forty' companies have followed Geong International and co in 'Geong, Geong' and then gone - and another has been suspended...
- By ShareProphets |
- 24 September 2016, 03:29 |
Why the Bouncing Bulls Will Continue to Savage the Boring Bears
Hello Share Trimmers. The markets are closed as I write, so let’s just take a look at the broadest picture possible when trying to predict if our shares will rise or fall. As you will have guessed this is a piece to encourage you in buying rather than selling in our golden game.
- By Malcolm Stacey |
- 24 September 2016, 03:14 |
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Tom Winnifrith Bearcast - when will there be 10 billion LGO shares in issue?
On today's bearcast I look at Jiasen (JSI) but have to speak quietly since Oakley may get the wrong idea when I discuss a dead cat bounce. I also cover Xtract Resources (XTR), Obtala (OBT), Corero (CNS), Toople (TOOP), GCM Resources (GCM) and in some detail LGO Energy (LGO)
- By Tom Winnifrith |
- 23 September 2016, 08:37 |
Brady plc – review as it’s boardroom change ahoy
Having chatted to him in May, I was surprised to see an announcement earlier this month that “after nine years Gavin Lavelle has decided to pursue new opportunities and has stepped down as CEO” of Brady plc (BRY). The company has now also announced that founder Dr Robert Brady has stepped down as a non-executive director. Hmmm…
- By Steve Moore |
- 23 September 2016, 07:36 |
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I'm ffing psychic - LGO places at 0.1p: confetti blizzard time again
It was about a year ago that I had a spat with my good pal Big Dave Lenigas when he denied my assertion that LGO Energy (LGO) was about to place. Naturally it did. As I have indicated in recent weeks that another bailout blizzard of confetti was on the way there was not even an attempt to deny from camp LGO this time around. I have oft suggested that the next bailout would be at 0.1p. Just call me mystic fucking Meg please...
- By Tom Winnifrith, The Sheriff of AIM |
- 23 September 2016, 05:21 |
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Kibo & Opera deal: good news for one and the other is a running joke
Today comes news that Kibo Mining (KIBO) has sold its non core gold assets to Standard Listed joke company Opera Investments (OPRA). This is good news for Kibo ..as for Opera, its standing just could not get any lower.
- By Tom Winnifrith |
- 23 September 2016, 05:04 |
Bond International Software – recommended offer, but is it the end of the story?
Having on 12th September been “pleased to announce the sale of its Recruitment Software subsidiaries”, Bond International Software (BDI) has announced that it is now instead recommending an increased takeover offer from largest shareholder Constellation Software…
- By Steve Moore |
- 23 September 2016, 04:03 |
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The Chairman's Blog 15: Sir Benjamin Dover of Global Mining Endeavours is on a short list for the AIM Awards
Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be candid in his approach. Blog number fifteen....
- By Tom Winnifrith |
- 23 September 2016, 03:16 |
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Draganfly – a pointless AIM POS raises a few more coppers for the meter
At almost no-one-is-watching o’clock yesterday (4pm) a complete waste of space POS on AIM called Draganfly Investments Limited (DRG) announced that it had raised a poxy £145,000 before expenses through the good offices of its Broker Beaufort Securities at 0.8p a share – a discount to the prevailing share price of 27% - representing 35% of the existing equity. Ouch and double ouch. But the whole thing is a complete joke of an enterprise.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 23 September 2016, 02:54 |
Fox Marble Interims - getting there: Buy
Fox Marble (FOX) has announced results for the first half of 2016 – including admitted “disappointing” revenue of €0.262 million, but that the “board is positive about the outlook for the company for the remainder of this year and into 2017”.
- By Tom Winnifrith & Steve Moore |
- 23 September 2016, 02:24 |
Filthy 40 Origo Partners: "Notice of Results" = profit warning
ShareProphets AIM-China Filthy Forty play Origo Partners (OPP) issued a notice of results RNS on Wednesday, telling us that its interims to June 2016 will be released on reporting deadline day of Sept 30th. But the statement also had a massaging down of expectations slipped into it. Oh, alright, let’s call it a profit warning – but how bad?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 23 September 2016, 01:05 |
Lost Track of Old Shares? Here's My Dilemma
Hello Share Baggers. If you buy as many penny shares as I do, I dare say you have lost track of a few of those you thought were so badly hit that they were no longer worth cashing in. But what happens to these lost shares?
- By Malcolm Stacey |
- 23 September 2016, 01:03 |
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Tom Winnifrith Bearcast: Xtract Resources a non cash shell ahoy? P45s for Steve Moore & Gary Newman
Thanks to Steve Moore and Gary Newman we own shares in Xtract Resources (XTR). Both deserve P45s for that. I discuss this disaster as well as another hole in the ground in Bongo Bongo land which stinks - Armadale Capital (ACP). Then it is onto Newmark Security (NMT) - Graham Neary hang your head in shame for this exercise in nepotistic value destruction - before I look at Gulf Keystone (GKP) and the administration waiting to happen that is Avanti Communications (AVN)
- By Tom Winnifrith |
- 22 September 2016, 07:10 |
eg solutions – half year results show marked declines… & so emphasise lashings of jam tomorrow
Having warned in June that “first half trading performance and cash generation will be lower than previously anticipated”, eg solutions (EGS) has now announced the results for its half year to end July 2016…
- By Steve Moore |
- 22 September 2016, 07:10 |
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Xtract Resources – The end of Chepica as the Jan Nelson era draws to a close
Xtract Resources (XTR) reminds me of someone after a massive night out, no doubt drunk on the promises of Jan Nelson, being held upright by the more sensible friend, Colin Bird, as it stumbles from pillar to post on the way home, desperately close to falling in the busy road.
- By Cynical Bear |
- 22 September 2016, 06:27 |