I start with a couple of landmarks reached today. Six months without a fag and four weeks to the due date for the birth of a son. Then a guilty confession, I am watching the Olympics. Then onto discussing two companies where the only questions are when does the money run out and what price the next bailout placing: FastForward (FFWD) and FastJet (FJET)
Marc Faber has been a student of markets since 1970, and has learned that the stock market is largely distorted and manipulated. The markets are no longer trading on sound fundamentals in a system where the quantity of money is relatively limited. The liquidity bubble created by central banks, paper money, interest rates, and quantitative easing are examples of this manipulation.
Lloyds Bank (LLOY) boss Antonio Horta-Osorio stands accused of having illicit relations with Dr Wendy Platt, Director General of the Russell Group of Universities, whilst at a conference in Singapore. Moralists howl for his sacking for playing away with Dr Wendy. They have it all wrong.
Hello Share Chimps. If you are a saver, the latest drop in interest rates is a bummer. How can you achieve anything like decent returns for your cash? Spend it on shares, of course. While you get nothing from your ordinary savings, you can still get up to 6% and even more by holding the right stock.
Taking a slight change of tack, today I’ll provide a brief overview of a company whose results are not due to be published until next week. Nakama, the international recruitment business, has witnessed a punishing sell-off which looks like it may have sent it into “value” territory.
Just a reminder to those who love reading the shares bulletin boards, this is the difference between them and us: bulletin boards have crank opinions, ShareProphets have the documents.
Over the weekend we revealed how Strat Aero's PR man boasted of pretending to be a Bulletin Board Moron, sayitlikeitis, to post rampatstic nonsense on the LSE & ADVFN asylums. He was paid to ramp the stock with ludicrous claims and comments but some folks do it for free!. Please nominate your BB ramper of the week posting the most ludicrous claims you can find on boards or on twitter (so Big Gob tweet ramps are eligible) in the comments section below with a deadline of midnight Sunday 15th August. Ramps on any stock are eligible.
Optibiotix (OPTI) has announced that its GoFigure® meal replacement shakes and natural snack bars products are now available for sale in UK stores of the Whole Foods Market Inc, a large ($15 billion turnover in 2015) American supermarket chain exclusively featuring healthy foods. That sounds big but in fact it means being on the shelves in just eight stores although Optibiotix says there are " opportunities for further expansion".
Or should I say, might eat their company. To say that the company has been eaten would involve making a prediction about the future and I steadfastly refuse to make predictions about what another company might do and what might happen to their share price. So this is all just analysis of what has already happened and what has already happened is that the debt monster has nearly eaten Xcite, or more precisely, Xcite's shareholders.
I have been re-reading "Empire, how Britain Made The Modern World" by Niall Ferguson this weekend and it has some quite incredible stockmarket data and lessons for us all. It is a great read as I discuss.
We are seeing a few weeks of rest in the junior mining space, and many are predicting a massive rally this fall. Markets move up when there are more buyers than sellers, and down when the opposite occurs. Both the metals, and mining equities markets are extremely well bid. If there is a break in the market it’s likely to be on the upside, not the downside. That is the key message from Rick Rule of Sprott in this week's podcast from Palisade Capital
Ever heard of The Checklist Manifesto by Atul Gawande? It’s a brilliant book about how to get things right when you’re performing complex and important tasks - whether that’s flying an airplane, performing surgery, or even making investments.
Prodigious cash-burning machine (sorry, services platform and marketplace group), blur (BLUR) “is pleased to present its unaudited interim results for the six months ended 30 June 2016”. Hmmm – this with the shares down from a start of the year 17p (and much, much higher when we first started warning) to a current little more than 7p…
All Right. I know I am in incurable bull. But it is an attitude which has served me well over the years. Enough to make a living out of trading shares, anyway. We are in a gradual bull market now. This surprises a lot of folk, because the Brexit vote was expected to hit business hard. And yet - and this puzzles me, too - the Footsie has not been as high as it is now for a long, long time. It’s now only a whisper off its all time high record
Great news - may father is back home from hospital so I head back up to Warwickshire in a couple of days. Thereafter between him and the Mrs entering the final month it will be less of me, Steve Moore is in charge. Bash him if anything goes wrong. In today's podcast I look at City of London (CIN), IGAS (IGAS), XCite Energy (XEL), Wishbone Gold (WSBN), Nyota (NYO) and West African Minerals (WAFM).
With Toscafund having last month requisitioned a General Meeting to seek the removal of Chairman Jan Astrand from, and appointment of David Shearer to, the board of Speedy Hire (SDY) and earlier this week further hitting out in an Open Letter, the tools, equipment and plant hire and support services company has today published a General Meeting notice - and hit back...
Volution Group (FAN) is another by-product of that IPO glut around 2014, when private equity funds found plenty of willing buyers for a wide range of businesses.
“MediaZest (MDZ), the creative audio-visual company, is pleased to provide shareholders with final results for the year ended 31 March 2016… Best ever financial results with turnover of £3,144,000 and EBITDA profit of £58,000”. Hmmm, let’s take a closer look…
As the share price of Forte Energy (FTE) keeps dropping as the BOS Global RTO approaches, as even long-suffering shareholders think some cash today is worth more than nothing tomorrow, I’ll have one last dig (for now) at something really riling me with this stock and that is the total misuse of the term “Fintech”.
Shares in Edenville Energy (EDL) have been marked lower today at 0.02p on news that the company plans a capital re-organisation such that the nominal value of its shares goes from 0.2p to 0.0002p. In itself this means nothing but the clear implication is that the confetti blizzard of share issuances will accelerate.
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:
Search ShareProphets |
Stock market news |
Recent Comments |