A rushed day, back to hospital in five minutes. Ahead I discuss why mug punters and Justin the Clown love blue sky rubbish like Cloudtag (CTAG) but not value plays. I discuss three value plays I know well two of which we own: San Leon (SLE), Obtala (OBT) and Guscio (GUSC). Boring is sexy. Then I look at a non value stock mugs like, North River Resources (NRRP). Then I discuss how one plays the game: fraud hunter vs fraudsters and yes that might involve producing mugs!
Robot technology to enhance the mobility of wheelchair users-focused Rex Bionics (RXB) has announced results for its year ended 31st March 2016 and that this “has been a period of broad progress across all areas, and we are pleased to be able to report to shareholders on the achievement of a number of important milestones during the period”. Hmmm…
Results from the half calendar year from Optibiotix (OPTI) were very pleasing indeed but not orgasmic and that is why the shares are a tad weaker at 69p-72p. They are cheap but punters need to see more. They will not have to wait too long.
Well that is the forecast anyway for those who took part in the San Leon (SLE) placing at 45p details of which were announced today. For once we are on the same side as Tosca Fund which did most of the placing as we also had a modest nibble. Delivery is the key but on those sort of forecasts it would be rude not to invest.
Sheep shagging buffoon Justin the Clown is unrepentant after the Andalas debacle and yesterday transmitted a podcast with the CEO of Cloudtag (CTAG) which is the Bulletin Board Moron ramp de jour. In this podcast I tear into the Clown but also into Cloudtag explaining all the reasons why it is a sell and flagging up the issues the Clown would not tackle as he sucked up to another CEO on the ramp and his moronic audience.
Earlier this month I looked at Entertainment One (ETO) unanimously rejecting a 236p per share takeover proposal from ITV and whether ITV would be back - see HERE. Now we have an “ITV withdraws proposal to acquire eOne” announcement...
Previously, with shares in James Latham (LTHM) at just above 700p, I was deterred by a results statement noting “like for like revenues are 4% higher for April and May than the corresponding period last year… there are some signs that this growth is slowing”. With the shares currently at 670p, I now review following an AGM trading update…
Hello Share Funsters. I don’t like investing in the motor industry because I think we should all do more walking, I hate air pollution and don’t really like driving. But this should not stop my bringing to your attention companies in this line which I think might make you some money. Though you must always do your own research as I could be - and often am - wrong.
Shares in AIM dog Strat Aero (AERO) zoomed ahead by 140% on Monday on the back of a total piece of non news. There was more non news on Tuesday but the shares started slipping back from 1.1p and they fell again today becuase after the pump there was the dump a placing to raise £370,000 pre expenses at just 0.5p. Oooh you bought into the pump at 1.1p - sore bottom time. The shares are now 0.6p to sell. It gets worse.
Having queried earlier this week why Allied Minds (ALM) sought to open a credit facility with a US bank, I was looking forward to the release of the company’s half-year report this morning. It’s been a busy period for the company, with new rounds of capital raising and new investments across a range of subsidiaries.
zamano (ZMNO) has announced results for the first half of 2016, with a first two “Highlights” of “sales increased by 80.2% to €18.748M” and “zamano continued to improve its balance sheet position, with cash of €7.430M at 30 June 2016”, so why are the shares currently further lower below 10p? …
Stewart Dickson of Nomad Cantor Fitzgerald is today exposed for his role in the scandal at African Potash (AFPO) as the company misled investors ahead of a bailout placing, as it committed fraud. You can read about Dickson's role HERE as we launch the "Fire Stewart Dickson to clean up AIM campaign."
My father wants it known that my podcast joke about 14th century pews shows how ignorant his son is as pews only arrived in churches in the nineteenth century. Moving on...I look at how events at Taihua (TAIH) and African Potash (AFPO) show what a joke regulation on AIM has become. I comment on Blenheim Natural Resources (BNR), Strat Aero (AERO), Avanti Capital (AVA) and its chairman Phil "InterX" Crawford and his other charge Lombard Risk (LRM). I look at Coral Products (CRU) where you need to dig beneath headline numbers and then I comment on Optibiotix (OPTI)
Well this is a most bizarre situation. ShareProphets AIM-China Filthy Forty play Taihua (TAIH) has announced an underwritten one-for-three Open Offer at a 134% premium so that it can fund a share buy-back (and keep back a few quid for working capital). Has the company been taking too many doses of its own medicine?
My man in London has provided me with a new email sent by African Potash (AFPO) CEO lyin' Chris Cleverley. This now allows me to publish the contract signed with Beryl Holdings, so demonstrating to you all how misleading the announcement by Potash was and also the bung involved in this deal. More critically I can now demonstrate the individuals at City firms who were aware how misleading the RNS was and - given that Potash was on the pathway to a placing - how fraudulent that is. Those City figures I name and shame should now all be placed on immediate workplace suspension ahead of a formal enquiry.
The latest trading update from Jubilee Platinum (JLP) is nearly all good news. The update covers the Dilokong Chrome mine tailings project (DCM) and the Hernic PGM-bearing chrome tailings project.
For some reason Arian Silver (AGQ) seems to be a favourite with PIs, but it seems to be just another AIM resource company that has achieved very little during its life and looks to be on its last legs!
“LoopUp Group plc (LOOP), a global software-as-a-service provider of remote meetings, is pleased to announce… admission of its ordinary shares to trading on the AIM market… The reception from investors… reinforces our belief that our differentiated product, business model and plans for the future provide the foundation needed to deliver on our potential as a public company”. With the shares currently at 112.5p, up from a 100p admission price, let’s take a look…
This short research note from Palisade Capital is interesting. It is just another way of explaining why gold is mis-priced and should be far higher, one reason we retain such a strong weighting in gold stocks in our portfolio. Palisade writes:
We do like to provide balance here on ShareProphets and in that vein we bring you yesterday’s morning note from Beaufort Securities, house broker to Harvest Minerals. As exclusively revealed HERE by Tom Winnifrith with his Sheriff’s hat on, the company pulled a placing at 8p last week, in the hope of getting one away at a higher price. But that appears to have triggered a short squeeze as forward-sellers were forced to cover their positions. But it now seems that it is full rampety-ramp steam ahead for a second attempt.
Following complaints from shamed share ramper Roger Lawson, ADVFN has insisted on a raft of new editorial controls on OneFreeShareTip.com. I did not re-start my life five years ago to be told what I could or could not write. I said no and ADVFN boss Clem Chambers has just said that the website will be shut down. So...our hand is forced ... Welcome to fivefreesharetips.com - we hope you join NOW HERE.
As seen here, Telit's (TCM) distributers are a, um, diverse lot, including a distributer in Vietnam that appears to be a scooter courier firm. Which is nice, and thank you for sponsoring this week's Bulletin Board Moron search.
The failure of the LSE to insist that hapless Nomad FinnCap forces Telit (TCM) to bring in a firm like KPMG to conduct a full forensic review will hurt it even more when this company goes tits up as I noted in a letter to Stock Exchange boss Donald Brydon earlier today HERE. Two sources tell me that the FBI may have bad news for the Boston fraudster Oozi Cats and his Mrs as I explain in this podcast. But the meat of the podcast is explaining why Telit will go tits up and why that could be within six weeks. Enjoy.
You may remember that at the last AGM of the London Stock Exchange (LSE) its chairman,, Donald Brydon CBE, 'fessed up to being a ShareProphets reader and as we chatted afterwards he came over as a thoroughly decent man. But he has, yet again, been failed by his minions in their handling of the biggest AIM fraud of the year, so far, Telit (TCM). Lowly gofers such as the head of AIM Regulation, the fake Sheriff Mr Marcus Stuttad, have allowed Telit to avoid any independent scrutiny of its accounts & business practices despite clear evidence of fraud. That has to change and maybe Brydon will push for that. I have sent him a letter.
If you read the bent, freebie is our middle name, personal financie columnists in the deadwood press, fund manager Neil Woodford walks on water. I disagree and have noted before, that, maybe, after three dismal years, others are starting to see the light. But, with assistance from a leading broker, how about we have a real look at the Woodford Patient Capital Trust (WPCT) but also at the sort of dogs Neil ifalls in love with.
VSA is house broker to Obtala (OBT) so is not impartial. Neither am I as we own a small number of shares following a Dragon's Den pitch as the 2017 UK Investor Show. But the price target suggests real upside and VSA's research team is well regarded and since we happily published an uber-negative piece from Evil Banksta the other day, this offers some balance. VSA has tweaked its forecasts
You may remember that ShareProphets poster Drunken Sailor and I were co-defendants in a libel case a couple of years ago ( which we won). Mr sailor is not a drunk and he is a great sleuth when he wants to be. My pressing concerns about uber ramped Bushveld Minerals (BMN) are its balance sheet, but DS has unearthed another major issue which, for some reason, Bushveld has not covered in an RNS. Perhaps it might do so now? Drunken's post merits a wider audience:
Like Richard Poulden, CEO of PCG Entertainment (PCGE), I have a bit of time for Brian Kinane at Riverfort. As someone who believes in transparency and clear communication, my view is that Brian is trying to bring some of that to the world of small cap funding, particularly where the dreaded phrase “ death spiral” is concerned and there’s a few points here to be applauded. It still doesn’t prevent the obvious question being aimed at Mr Poulden though – WHY RAISE MORE FUNDS NOW?
Some folks think that handing out share options to senior staff is a cost free exercise and b) benefits all shareholders as it incentivizes the board and also aligns their interests with those of stockholders. Bollocks on all counts.
Following the postponement of a significant contract announced at the end of last month, SRT Marine Systems (SRT) has now announced an “AIS Aids to Navigation Contract”, including that “the order is for the world's biggest single deployment of AIS AtoN”. The world's biggest hey, sounds impressive!…
Having reached more than 75p in May, shares in information management technology and services company Idox (IDOX) declined below 60p early last month before recovering above 65p - then declining towards 60p again. The company is now “pleased to announce that it has acquired… Halarose, a supplier of electoral back office software and services to UK local authorities, for £5.0 million, comprising £3.5 million in cash and £1.5 million in shares” (at 61.5p)…
Hello Share Grafters. The congestion in most of our airports will give you the heads-up that air travel is booming. It will continue to do so, especially as more people from developing countries become middle class. But you may still be wary of big airlines.
After a stack of RNSs earlier this year, it has all gone quiet at AIM-listed Advanced Oncotherapy (AVO) since the announcement of the termination of the Bracknor death-spiral. How’s the cash position?
Drilling services company Capital Drilling (CAPD) has announced results for the first half of 2017, including that an initial uplift in activity has broadened with an improving outlook in industrial metals and capital markets activities support. Why then are the shares further lower, below 40p, having been above 60p earlier this year?...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Previously writing on System1 Group (SYS1), then named BrainJuicer Group, as the shares slid below 700p I concluded there still, despite self-admitted “limited revenue visibility”, a clear lack of a Benjamin Graham ‘margin of safety’ (”for absorbing the effect of miscalculations or worse than average luck” e.g. an earnings miss or negative change in stock market sentiment) and I thus continued to avoid. The shares have though recently been above 800p… until a “Trading Update” announcement today…
In the piss poor results for the six months to 30 June 2017, Telit (TCM) highlighted that it had purchased GainSpan and provided the following rather limited commentary on its contribution to the interim results:
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