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Eck-oh no! – profit warning from Eckoh, hopefully my previous warning heeded…
Previously writing on Eckoh (ECK), with the shares above 40p just over a year ago, I warned that a Benjamin Graham ‘Margin of safety’ – “available for absorbing the effect of miscalculations or worse than average luck” e.g. an earnings miss or negative change in stock market sentiment – looked to continue to not really exist here. Hopefully this warning was heeded as the shares are currently more than 27.5% lower today, at 35.5p, on the back of a “below market expectations” ‘Trading Update’ (i.e. profit warning) announcement…
- By Steve Moore |
- 2 September 2016, 04:01 |
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The Chairman's Blog 8: Sir Benjamin Dover of Global Mining Endeavours takes more advice from African Potash ahead of "away day"
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 eight....
- By Tom Winnifrith, The Sheriff of AIM |
- 2 September 2016, 03:43 |
Is the appointment of a new broker a sign of more dilution to come at Alexander Mining?
When it comes to small AIM companies the appointment of a new broker can often be an indication that dilution is on the way, and I have to wonder if that is the case with Alexander Mining (AXM).
- By Gary Newman |
- 2 September 2016, 01:34 |
Red24 - bid now worth 26.3p - good news on this quick win share tip
Having previously announced that it was “engaged in discussions” following a 24p per share possible offer, Red24 (REDT) has now further updated as an initial Takeover Panel deadline came into play. the shares are now 24p mid which is not bad as we tipped it just about six weeks ago at a 19.75p offer.
- By Tom Winnifrith & Steve Moore |
- 2 September 2016, 01:23 |
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Speedy Hire – further responds to statements from Toscafund ahead of General Meeting dust-up...
Ahead of a 9th September General Meeting dust-up with Toscafund, Speedy Hire (SDY) has again hit back - including noting “inconsistent” statements in “Toscafund does not believe sector consolidation is vital” and Toscafund having previously noted its analysis showed “the only sure way to achieve adequate returns would be by way of industry consolidation”. This as I noted in a previous review HERE (you read it here first)…
- By Steve Moore |
- 2 September 2016, 01:05 |
A Huge Market Awaits Fertility Pioneer Concepta
Hello Share Squaddies. May I bring to your attention another medical outfit which has a very encouraging market to have a go at. The firm is Concepta (CPT) and it has produced something it calls MyLotus. These are clever devices which test fertility in women, as well as being an indicator of pregnancy.
- By Malcolm Stacey |
- 2 September 2016, 01:03 |
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FINAL DAY TODAY (Sept1) of CHEAP BOOKING: Not an April Fool: Save 33% on a UK Investor show and Saracens cabaret ticket by ordering before Midnight
The UK's top one day investor show is now jointly owned by the family of the man known as Britain's Buffett, Nigel Wray and this is the LAST DAY to bag a ticket for the show and an all star cabaret at Saracens at a 33% discounted rate. Book TODAY for what promises to be two magical events. The 2017 conference is going to be a blockbuster!
- By Tom Winnifrith |
- 1 September 2016, 09:35 |
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Tom Winnifrith BearCast - The Sheriff of AIM gets a fascist lawyer's letter
Happy Wedding Anniversary said the email from Memery Crystal lawyers to African Potash (AFPO). Actually it did not, I made that up. Just like African Potash makes up its press releases ahead of a placing. I shall reply to Potash in a "formal" manner tomorrow. Elsewhere I look at Cloudtag (CTAG), Edenville (EDL), Zincox (ZOX), Gable (GAH) and Mayan (MYN), the former Northcote (NTC).
- By Tom Winnifrith |
- 1 September 2016, 08:44 |
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Etaireia – Hooray, it’s the Baron Bloom and Oli Fattal magic show and a crack(l)ing Porkie?
Last night at no-one-is-watching o’clock ISDX-listed Etaireia Investments released its annual numbers to 31 March 2016. The balance sheet held a few horrors, such as net current liabilities of £130,586 which in interesting in the wake of the RNS released on 17 August 2016 which told us that the company had ponied up £50,000 (deferred for a year) in addition to 203,076,923 new shares at 0.065p (although it took two goes for the company to get that bit right) in order to acquire a commercial property.
- By Nigel Somerville |
- 1 September 2016, 05:13 |
Stilo International – why are the shares materially down again on a results announcement?
Shares in Stilo International (STL) currently trade more than 9% lower today, at just over 7p, on the back of the company’s half year results announcement. This follows them also having fallen by more than 14% following the company’s announcement of 2015 results in March. Hmmm…
- By Steve Moore |
- 1 September 2016, 04:55 |
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Premier Oil – Covenants deferred again as it walks the financial tightrope
This morning brought news that the covenant test for Premier Oil (PMO) has been delayed for the third time. While the support from the lending group is to be welcomed, the continuing need for deferral proves that the company's equity holders remain on a financial tightrope.
- By Graham Neary |
- 1 September 2016, 04:40 |
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Andalas: New Plans to monetise pie in the sky, its ramptastic news - placing ahoy!
AIM Rule breaker Dave Whitby of worthless crock of Turkish, Andalas Energy (ADL) is now officially on a ramptastic rampage as he works out how to get a bailout placing away before the New Year in order to stave off bankruptcy in the early part of 2017. Surely it is only a matter of time before he does another interview with Justin the Clown and gets the full ramping crew from Vox Markets and Big Gib's Momentous Events into action. After all, folks are only 90% down from buying into the ramp last time. What could possibly go wrong?
- By Tom Winnifrith, The Sheriff of AIM |
- 1 September 2016, 04:05 |
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Kibo Mining – I tip my hat (and hold up my hand); looks like a great deal with Sanderson
Four weeks ago, I wrote a critical piece on the terms of the loan deal between Kibo Mining (KIBO) and Sanderson / Beaufort. Well, the renegotiated repayment terms were announced this morning and should be applauded. As Jamie Lawson said, “I wasn’t expecting that!”
- By Cynical Bear |
- 1 September 2016, 02:50 |
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The FRAUD African Potash: bailout placing & loan deferral delays bankruptcy till January
Aha, let's tell the morons that we are going to take legal action against Tom Winnifrith for pointing out that we are lying bastards who commit fraud. That will allow us to get a rescue placing away but we don't want to go for libel because disclosure would destroy us. Telling spivs you are going to sue the Sheriff of AIM allowed the fraudsters at Sefton to issue more confetti several times and African Potash (AFPO) is using the same playbook. But death for this worthless POS is merely postponed by a few months.
- By Tom Winnifrith, The Sheriff of AIM |
- 1 September 2016, 02:45 |
China Fraud MoneySwap – CEO walks at no-one-is-watching o’clock. Is it bust yet?
Last night at no-one-is-watching o’clock (5.30pm) ShareProphets AIM-China Filthy Forty play Moneyswap (SWAP) announced that its CEO, Ms Sunny Yu had walked the plank with immediate effect. Has the cash run out yet, and will Nomad Allenby follow suit?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 1 September 2016, 02:32 |
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Metal Tiger – Take a bow, Paul Johnson, AIM’s very own Tiger Woods
Much to my wife’s amusement (and slight horror), I actually gave out a yelp of joy at just gone seven this morning while reading today’s company announcements, as I realised that Metal Tiger (MTR) had broken a long-standing world record. Let me explain…..
- By Cynical Bear |
- 1 September 2016, 02:11 |
Galasys – EGM called… oh dear, is it chairman versus CEO? And a correction….
We have already noted that AIM-listed Galasys (GLS) appears to be minus a company secretary, minus a registered office, minus a Nomad, minus a Broker and minus a NED or two since the board declared war upon itself last year. Now it seems that two disgruntled shareholders have decided enough is enough, but the implications as to what has been going on are dreadful.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 1 September 2016, 01:17 |
HSS Hire – half-year results, appalling balance sheet, also of interest to Speedy Hire shareholders…
UK and Ireland tool, equipment and related services group, HSS Hire (HSS) has announced results for the 27 weeks to 2nd July 2016 – and the shares are currently circa 8% lower, to below 80p, in response. With the results also coming as 19% shareholder in the group, Toscafund, prepares for a General Meeting dust-up with the board of fellow hire group Speedy (SDY) - which it has urged to consider merging with HSS - the following reviews…
- By Steve Moore |
- 1 September 2016, 01:15 |
Filthy 40 Asian Citrus moves into property. How much cash is left?
My thanks go to Cynical Bear for spotting the latest missive from the ShareProphets AIM-China Filthy Forty purveyor of biblical plagues, Asian Citrus (ACHL). Having seen a pretty complete disaster unfold over the last few years, the company has decided to make a move into the property game in order to broaden the sources of income and to boost the business performance of the group. Call me a cynic: given the history of natural disasters, plague, locusts and invasions by Martians, how long will it be before the buildings in question are found to be suffering from concrete cancer?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 1 September 2016, 01:12 |
Are We Being Served by Debenhams As We Face a Likely Decline in High Street Shopping?
Hello Share Shufflers. I have commended Debenhams (DEB) shares in the past, but I’m changing my mind. This is not because I dislike the store. My nearest branch, which is fairly new, is well laid out, spacious and welcoming. But the truth is that many of us are ordering on-line these days. And sadly these big chain stores may become more and more unnecessary. I had hoped that the nation’s love of shopping would keep them hugely profitable, but hopes are fading.
- By Malcolm Stacey |
- 1 September 2016, 01:10 |