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Latest News

WAND

WANdisco – where now following confetti issue approval?

Having recovered back above 150p at the start of this month, shares in unique cash-burning machine (sorry, “unique… provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability”) WANdisco plc (WAND) have slipped back with the company having received General Meeting approval for a confetti (sorry again, equity) issue…

LED
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China FRAUD LED, useless AIM Regulation and AIM Rule 41: I despair. And where are the Interims?

The clock is ticking for ShareProphets AIM-China Filthy Forty play LED International Holdings (LED). Actually, the clock ran down to zero last month but still AIM Rule 41 has not been invoked. AIM Regulation is well aware of the situation and has elected to do nothing: the chocolate teapots appear to be happy to flout their own rulebook in blatant fashion.

LGEN

The Legal Has Landed, but Could Take Off Again Soon

Hello Share Twiggers. For the last few trading sessions, I’ve been looking at jolly good companies where the stock has been oversold in the wake of Brexit and various other unusual situations. Today I bring before you Legal & General (LGEN). The massive insurance company made a slow but sure recovery after disaster hit financial stocks in 2008. Consequently my post-crash investment increased by 200%. Then things suddenly went a bit pear shaped.

SGP
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SuperGroup still growing, maiden dividend announced

SuperGroup (SGP), purveyor of the SuperDry brand, is up 15% today on the back of encouraging final results. The brand is not short of sceptics but its results are doing most of the talking for the time being.

DX

DX Group – 9:14am “Trading Update and Board Change”. Hmmm…

Parcels, mail and logistics group DX (DX.) has announced a strangely timed (9:14am) “trading update for the year ended 30 June 2016, including its proposed new central hub and contract with Her Majesty's Passport Office. In addition, it reports a change to its board of directors”. Hmmm…

FFWD
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Fast Forward: strategic update = shameless pre placing ramp

How on earth did hapless Nomad Peel Hunt sign off on what Jim Mellon's FastForward Innovations (FFWD) terms a "strategic update" but is in fact nothing more than a shameless pre placing ramp.?  My comments are in bold. FastForward's are not.

JLP
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Jubilee Platinum Confident update and chat with Colin Bird

Jubilee Platinum (JLP) has updated investors on the performance of its subsidiary, Jubilee Tailings Treatment Company Pty Ltd in the three-months' ended 30 June 2016, of its chrome recovery section of the Dilokong Chrome mine tailings project and a progress update on the Hernic PGM-bearing chrome tailings project. After this Tom Winnifrith had a good chat with the chairman Colin Bird.

DGS
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Digital Globe Services – CEO reckons “pleased with the overall growth of the business”, but for investors it’s over to Beyoncé & Jay-Z…

Provider of customer, lead, and inquiry acquisition and digital media services, Digital Globe (DGS) commences a “Trading Update” noting that it “expects to deliver revenue for the year of approximately $48.0m (FY15: $40.3m), marginally ahead of market expectations”. Good, good … “gross margins experienced compression in the second half of the year due primarily to increased marketing spend”. Uh oh…

Bearcast
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Tom Winnifrith Bearcast: Insulting Froggies on Bastille Day and Morons on Gulf Keystone day

It is of course Bastille Day and that, of course, prompts a few jokes at the expense of the Froggies. I then move into Gulf Keystone (GKP) and a spot of moron baiting and working out moron investing game theory. I then move to a detailed look at Digital Globe (DGS) before covering en passant XCite (XEL), LGO Energy (LGO), Trinity (TRIN), Circle Oil (COP), Premier Oil (PMO), IGAS (IGAS) and Nostra Terra (NTOG). I also comment on Glenwick (GWIK), 88 Energy (88E), Strat Aero (AERO) and Inspirit Energy (INSP) 

TRIN
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Trinity in takeover talks, SP Angel fingers runners & riders including LGO, shareholders will be screwed come what may

Trinity Exploration (TRIN) has confirmed that it has had bid approaches and analyst Zac Phillips at SP Angel, the City's most feared oil guru, has suggested who may be at the table. But shareholders shouldn't get too excited as they will get screwed whatever happens.

CTAG
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Cloudtag Placing (quelle surprise) so when's the next one?

CloudTag (CTAG), the company that produces jam tomorrow and is ramped by a legion of pea brained inbred imbeciles with a collective IQ of less than your average tomato has announced yet another placing, this time raising £800,000 (before costs) at 5.25p. Hmmmm.

FLX

Falanx: Buy at 3.25p - target 8p: broker Whitman Howard initiates coverage

We own these shares so clearly we are not impartial in what we say about the most incredibly brilliant and perceptive broker report in history. That was my little joke before Wildes reports me to the FCA again. Anyhow Whitman Howard has published a detailed not on Falanx (FLX) as it initiates coverage. Analyst Christopher Furness says:

GKP
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Gulf Keystone: shareholders lose 95.5% of the company: vindication ( again) for the Sheriff!

Its apology time. To all those morons who have berated me for being a Gulf Keystone (GKP) bear from 180p down it is time to apologise. Today, Paul Curtis and the GKP barmy army have suffered the final kick in the gonads with news of a massive debt for equity swap which sees near total equity wipeout. Its ouzo O'clock for the Sheriff of AIM who awaits the apologies.

SQZ
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Serica Energy should be back in production soon

I am often left struggling to find smaller oil companies that actually look a good investment, as opposed to just a gamble on a single big drill, or where all of the potential future value is in the ground with no actual plan or finance in place to get it out!

HSM

Samuel Heath & Sons – results a spin-free pleasure to read, bar post-Brexit vote outlook warning

Firstly to thank the eponymous Chairman of builders’ hardware and bathroom products manufacturer, Samuel Heath & Sons (HSM) for a management statement which was a, most rare in these times, spin-free pleasure to read. However, the statement includes an outlook warning…

Pants on fire
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Great news - EJ is back with lines in appreciation of sacked George Osborne

After a long sabbatical, our resident poet E J Thribb(ance) is back - inspired by the departure of George Osborne from Her Majesty's Government. Over to EJ.....

PHTM

Photo Me's Picture of Health Develops into an Interesting Play.

Hello Share Swappers. I know it’s not been long since I last featured Photo-Me (PHTM). This is the share that Uncle Tom characterises as my favourite. Well, it has made me a lot of money, after a very poor start yonks ago. The reason I return to it so rapidly, is that I am even more convinced that the present share price has room to move upwards. The share reached a high of 185p a few months ago. Then on June 21, three days before Brexit, it suffered. Though like many companies singled out for sudden punishment, the shares were oversold in a panicked situation.

ETX
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E-Therapeutics: having bagged shares from sale of Searchbolt, CEO quits

Tom Winnifrith described the deal under which AIM-listed E-Therapeutics (ETX) repurchased a company called Searchbolt (having spun it off some while back) as stinking like a pile of rotting kippers at the height of summer. In the event, two directors of E-Therapeutics ended up with (between them) almost 3.4 million shares in the company from the transaction. Now the CEO (who accounted for 3,350,228 of those shares – plus a cash sum to cover capital gains tax) has quit with immediate effect.

Bearcast
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Tom Winnifrith Bearcast: appeasing Comrade Dad with capitalist bashing at the Opera

My deluded lefty father is sitting in the corner of the room as I record and to keep the old lefty happy I look at who has gained from the Opera Investments (OPRA) omnishambles, what the company is worth and what should be done to stop clusterfucks like this littering the PLC scene.

JDW
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Hero of the day Tim Martin of JD Wetherspoon skewers those who lied about Brexit

Tim Martin of pubs chain JD Wetherspoon (JDW) is a Eurosceptic and a man who calls a spade a spade. In today's trading statement he deals with those who lied blatantly in the run up to the referendum. Tim Martin: we at ShareProphets salute you. Personally I find his pubs fairly ghastly but next time I am passing buy I shall pop in and have a drink for Mr Martin toasting you publicly. Does Mr Martin serve ouzo? Tim writes in the RNS: 

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