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Latest News

Bearcast
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Tom Winnifrith Bearcast: Cloudtag, Starcom, Sunrise - Morons, like cockroaches, are everywhere & have few brain cells

Thanks firstly to those kind folks who showed some appreciation for the introduction to yesterday's bearcast - praise is always welcome. I am still in a bad mood so watch out for some choice French as I discuss Cloudtag (CTAG), Starcom (STAR), ECR Minerals (ECR), Kibo Mining (KIBO), Conroy (CGNR), Iofina (IOF) - in detail - and Sunrise Resources (SRES) and its broker Belfort Securities. Watch out it is placing ahoy at Sunrise as I explain in detail. Just do the math!

STAR
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Starcom - le AIM ramp de jour but valuation crackers

Those lucky folks who got in on the most recent bailout placing for AIM dog Starcom (STAR ) in March at 1.5p have done brilliantly. The shares now trade at 4p mid and this is now le ramp de jour for certain morons on twitter and the bulletin boards. But the valuation is surely insane at £5.4 million given the ongoing losses, painful lack of tangible asset backing and the inevitability that another placing is imminent.

KIBO
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Kibo Mining – A case-study in greed from Sanderson and Beaufort

Having written about the dreadful Sanderson Capital Partners loan arrangement with Eurasia Mining (EUA) yesterday (HERE), I thought it might be insightful to provide a case-study in greed from the same guys at Kibo Mining (KIBO) and what it might mean for the stock going forward.

DIA

Dialight – half-year results, board “confident” but will FY expectations really be met?

LED lighting for industrial and hazardous applications-focused, Dialight plc (DIA) has announced half year results emphasising “underlying operating profit” up from £1.7 million to £4.2 million, though showing a statutory loss before tax of £7.1 million, from breakeven. Hmmm, let’s take a look…

EQN

Banks, Hospitals and Company Share Schemes All Need This Enterprising Outfit.

Hello Share Squashers. Here’s a share I’ve not looked at before. I’m not sure why as it is all about, well, shares. A real share share. Equiniti (EQN) is the name and it provides a share monitor service. It links 18 million shareholders to their babies. It also offers a service to companies which include shares in their remuneration packages to their workers. This is good for employers, as there is a growing mountain of legal work connected to schemes like these and Equiniti helps them to deal with it.

Bearcast
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Tom Winnifrith Bearcast - in an ffing awful mood after ante-natal class

When I go to hell it will be to spend eternity in an ante-natal class such as the two hour ordeal I endured today. I am unbelievably angry at having wasted two hours of my life on this cobblers. Moving on I look at ECR Minerals (ECR), Gulf Keystone (GKP), Avanti Communications (AVN) Eden Research (FRAUD) in the wake of the demise of its sister company Environmental Recycling (see HERE), Braveheart Investments (BRH) - run by an old Sefton man, African Potash (AFPO) and its partner in slime Blenheim Natural Resources (BNR)

APC
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APC Technology - “is pleased to announce”… another private investor screwing

APC Technology (APC) “is pleased to announce that it has conditionally raised £1.1 million (before expenses) by way of a placing of 13,750,000 ordinary shares… together with two warrants for every five placing shares issued”. The market is not as pleased – the following updates with the shares currently more than 16% lower, at 8.375p, on the day…

BAG

Drink up! Still nothing wrong with the IRN-BRU maker

Barr’s (BAG), the Scottish manufacturer of Irn-Bru, continues my (and Malcolm's) recent drinks-related theme with a trading update for the six months ended July.

GKP
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Gulf Keystone: one hurdle cleared, one more on Friday and then the shares will either crash or burn

Shares in Gulf Keystone (GKP) could be toast by Friday but I think that incredibly unlikely. That they will crash is a racing cert after today's news. Gulf tells us that the owners of 82% of each of the two classes of bonds have both agreed to support the debt for equity swap. It needed just 75% support so that is in the bag. Next up..the Bulletin Board Morons.

ADL
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Andalas Shares slipping ...the Countdown to the next bailout pacing is underway

The last placing from Andalas Energy (ADL) was in April at 0.2p. As those punters who paid up to 1.3p suckered in by Dave "rule breaker" Whitby, disgraced ramper Big Gob, ooops sorry Big Gib, and Justin the Clown screamed in agony they must have thought things could get no worse. Au contraire...

AFPO
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African Potash telling Porkies AGAIN? - Bailout placing ahoy: Sell!

On 6th January 2016 African Potash (AFPO) announced a major sales deal. Six days later it got away a bailout placing. Gradually over the months that followed that sales deal was shown to be bogus, a sham, not worth the loo paper it was written on. But at least the ramp allowed this AIM Casino posterboy to get its placing away. Now the bastards are at it again. 30 seconds on Google is enough to make you doubt a word this company says as it tries to get another bailout placing away. African is teetering on the verge of insolvency.

FLO

Flowtech Fluidpower – acquisition & a penultimate paragraph profit warning

Flowtech Fluidpower (FLO) opens an announcement today with that it “is pleased to announce the further strengthening of its product offering in the hydraulics sector through the acquisition of Triple Six Limited, and provide an update ahead of the release of the company's half-year results”. The shares are currently 5% lower, at 105p, in response. Hmmm…

EUA
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Eurasia Mining – Shocking loan deal: worse than Wonga

I’ve been following the antics of Sanderson Capital Partners for a while now and yesterday’s latest shocking funding deal with Eurasia Mining (EUA) has tipped me over the edge and forced me to write.

GTS

Filthy 40 GTS Chemical – delisting number 22, more to follow

As expected it was announced this morning that ShareProphets AIM-China Filthy Forty play GTS Chemical (GTS) has had its listing on AIM cancelled after its shareholders passed a resolution to depart the Casino. This was always a foregone conclusion as there was a (vast) majority shareholder calling the shots, but it marks the twenty-second Filthy Forty departure from the world’s most successful growth market out of our original cohort. Shocking.

Bearcast
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Tom Winnifrith bonus bearcast: Ding Dong the Environmental Recycling £65 million fraud Witch is dead - bring on the SFO

Environmental Recycling Technologies (ENRT) was slung off AIM today. But the former 3DM is not telling you something rather more serious which happened 11 days ago. This is a fraud that is now officially dead;. It has cost mug punters £65 million. I explain why it is a fraud (as I did back in 2005) and I name all of those on the roll call of shame including FSA (now FCA) officials who failed investors, nomads, brokers, tipsters, managers. And I explain my next step - write to the SFO.

JHD

James Halstead – states recent ‘drastic’ Sterling reversal “bodes well”, but enough to make the shares a buy?

“Pre-Close Trading Statement” from James Halstead (JHD) updates that “trading through to 30 June 2016 has been solid and profit before tax for the full year will be ahead of last year, in line with market expectations and at the highest level in the company's history”. This is despite that “during the majority of the year Sterling traded at a higher level than the prior year presenting challenges to our overseas turnover, which is in excess of 60% of total turnover”. Does opportunity now knock then here?

SLP

I'm still happy to hold Sylvania longer term

Unfortunately with many AIM companies these days, news is hyped up so much that when it actually arrives it can rarely meet the expectations of investors.

ASC

This Super Share Might Still Suit You, Sir or Madam.

Hello Share Bunnies. I have to admit that my heart lurches every time I hear the name ASOS (ASC), the big on-line clothing store which used to be called As Seen On Screen. Maybe it still is, but the name, which was so up-to-the-minute when the company started now seems dated, as so many retailers are also online now.

PMO
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Premier Oil - Lenders agree to turn a blind eye to possible default pro tem, shareholders should not - sell

Premier Oil (PMO) is drowning in $2.6 billion of debt but when you owe that much it is not you who is in trouble but the lenders. And so today we are told that those who are really screwed by the situation are continuing to pretend everything is okay. "Fingers in ears can't hear you, pillow on head, can't see anything wrong". Whatever.

TNI
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Trinity Mirror - Gargantuan pension fund creates a puzzle for investors

There is a saying that some stocks are little more than pension funds with small businesses attached to them. This unfortunately looks to be the case with Trinity Mirror (TNI), whose market cap does not come close to matching the size of its actuarial pension deficit.

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