ShareProphets

Saturday 19 August 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


1 August 2016, 12:25 | By Tom Winnifrith |

Negative Rates to Take Gold to Heights Never Before Seen in History of Mankind

As a historian, Don Coxe is cautious in saying there is something new under the sun. He didn’t think he would live long enough to see the creation of an entirely new asset class, which is negative and seemingly endless in scope. Negative yields were first created by the self-financing Swiss to get the euro-zone moving again. Don likens them to the multiplying of bad germs, and finds it likely that there will be painful corrections in the economy, the stock market, or both.

1 August 2016, 12:12 | By Tom Winnifrith |

Tom Winnifrith Bearcast - Tearing Alba apart & help with my dessert gooseberries

I have a stack of dessert gooseberries. I know they should be in a fruit salad but I can't buy into that so want to put them into a crumble but with what? I seek answers from any gourmands or gourmets who are listening. Then I look at Alba (ALBA) in detail, its placing ahoy! I move through Northbridge Industrial (NBI), Gable (GAH) and the mystery of the dog that barked in the night, Gulf Keystone (GKP), Keller (KLR) and FastForward Innovations (FFWD).

1 August 2016, 11:20 | By Steve Moore |

Northbridge Industrial Services - “is pleased to issue”… a profit warning...

Industrial equipment provider Northbridge (NBI) “is pleased to issue the following pre-close trading update in advance of its interim results for the six months ended 30 June 2016, which are scheduled to be released on 29 September 2016”“Pleased to issue”. Good, good, but what’s that?, the shares currently down more than 11% on the back of the announcement? Hmmm…

1 August 2016, 10:33 | By David Scott |

How Politicians can take control. Start telling the truth.

The 2008  bailout was all about rescuing the gamblers from the Greenspan/Bernanke housing and global credit bubble again ( in started in 1971), and then to gift the huge windfalls on the 1% as the central banks reflated an even more monumental bubble  with new experimental regimes of QE, ZIRP and NIRP. But after these failed experiments the world’s financial rulers are going to reap the ill-gotten rewards, as they are increasingly on the receiving end of an even more powerful and nasty force that of political contagion.

1 August 2016, 09:37 | By Tom Winnifrith |

Tom Dobell at M&G (of Quindell infamy) Officially the UK's worst fund manager again

The most excellent BestInvest has today published its annual "Spot the Dog" Review of British based fund managers and - by value - around half of the cash invested in funds it terms dogs sits at M&G. And the worst fund manager among those managing UK equities only is Tom Dobell at M&G, the man who likes chucking other people's money at fraudster Rob Terry of Quindell over and over again. Among the heroes is, naturally Terry Smith of Fundsmith, the best performer in the "global" category. The full listings of dogs in each sector is fascinating. Well done Dobell, you are, if nothing else, consistent. That is to say consistently useless.

1 August 2016, 08:45 | By Tom Winnifrith, The Sheriff of AIM |

Avanti Coms tries to spin its way out of trouble - Inmarsat exposes the lie: not bidding

Three days ago Sky News reported that Inmarsat (ISAT) had approached Avanti Communications (AVN) with a view to making a bid. This was, as it happens, not true and today Inmarsat has exposed the lie in full. The story here is not only of the looming financial bankruptcy of Avanti but of its full blown moral bankruptcy too. This is shocking at every level, another milestone of shame for both Avanti and for the AIM Casino.

1 August 2016, 08:08 | By Malcolm Stacey |

If You Return Some Shares to Sender, You Might Post Lower Profits

Hello Share Trundlers. There are folk who think investing in Royal Mail (RMG) is doomed to failure. They point to falling numbers of letters coming through our doors and the possibility of big companies like Amazon to arrange their own deliveries.

1 August 2016, 00:07 | By ShareProphets |

When August is in fact July - you can take advantage TODAY

Sometimes it is good to wait... on Friday we were meant to have published our July tip of the month. But we still had a few things to check. It is better to be late and 100% sure than to rush and get it wrong. Especially when your money is at stake.

31 July 2016, 18:28 | By Tom Winnifrith |

Tom Winnifrith Bearcast - a mad mad world is getting madder

Negative interest rates? Mortgages for the unemployed? Theresa May and Hillary Clinton reckoning they can solve the economic mess with "new Government policies". It is a mad, mad world. And sooner or later we will face a day of reckoning for the economy, for shares and for property prices that will be brutal in a way you cannot imagine as I explain in today's podcast

31 July 2016, 17:25 | By Tom Winnifrith |

Peter Schiff on the bond bubble, The bogus Fed & the nightmare of a Clinton Presidency

Libertarian gold bug Peter Schiff is a hero of mine. This latest podcast on the bond bubble and the nightmare of a Clinton Presidency is really superb. On Crooked Hillary he really is very funny and very accurate. Spare 25 minutes for a listen.

31 July 2016, 17:24 | By Gary Newman |

Why I've been buying Genel despite the risks

Geo-political instability can make investments far more risky, but alongside that you will often find the potential for large returns with companies which look undervalued based upon their fundamentals.

31 July 2016, 17:17 | By Tom Winnifrith |

Video: Peter Schiff - US GDP is collapsing, this is dramatic & what it means

You know that libertarian gold bug Peter Schiff is a major hero of mine. In his latest video he shows how real GDP growth is negative, it is collapsing. And that has profound implications for all of us on both sides of the pond. This is cracking stuff from Schiff. Yes we really are in recession already!

31 July 2016, 17:10 | By Tom Winnifrith, The Sheriff of AIM |

Just when is the next FastForward placing, this ramping is getting frantic

In our recent coverage of FastForward Innovations (FFWD) both Cynical Bear and myself have pointed out that the maths in its ramptastic announcements to the mug punters who back this stock, simply do not add up. But there is a bigger problem...the company is running out of cash.

31 July 2016, 13:27 | By Graham Neary |

Taking a Chance on 32Red

32Red (TTR), the online gaming business, delivered a nice set of results on Friday, although they were greeted in a lackluster fashion by the market. After a huge run up in price over the past year, investors seem cautious that the share price might now fully “up with events”.

31 July 2016, 12:23 | By Tom Winnifrith |

Tom Winnifrith Bearcast Extra - Chatting to Britain's Buffett Nigel Wray

On Thursday I spent much of the day with MBN, the firm run by Nigel Wray's daughter with which we are now putting on UK Investor. More details regarding April 1 2017 soon but it is all pretty exciting. On friday I had a catch up chat with Nigel and in this podcast I look at three companies we chatted about: Guscio (GUSC), Reach4Entertainment (R4E) and a new one, Franchise Brands which was born from the ashes of Myhome. Hmmmm. 

31 July 2016, 11:25 | By Nigel Somerville, the Deputy Sheriff of AIM |

Filthy 40 MoneySwap – heads you lose, tails er….

ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) has made no secret lately of its dire financial predicament. The investment case appears to be that it either gets a refinancing (with a new board) and survives – but with the new money coming in at a significant discount, or it does not in which case it is bust.

31 July 2016, 11:12 | By Tom Winnifrith |

The biggest spivs in London on video..and Gervais Williams

Old Gervais is a credible fund manager so what on earth is he doing appearing on a new video show "The spiv Olympics" produced by the LSE Asylum? Its host is Sith Lord Zak "I will do anything, tip any crap for money" Mir, guest one is some barrow boy from low life bucket shop Optiva and the third guest is an uber-spiv from the Asylum itself. So far in three days only 480 folks have watched this shite and Darren and myself are two of them. But Zak needs the money so needs the Asylum to think he has a mass audience so do your bit to assist a poor chartist.

31 July 2016, 11:08 | By Darren Atwater |

Notes from Underground: Cenkos, for the memories

The story of the week is at #2, Vindication for Tom Winnifrith: Cenkos to be fined up to £700,000 over Quindell fraud - not enough, as the work of several years worth of ShareProphets reporting come to fruition. Don't think for a moment that the FCA would have acted here without our unyielding coverage of Quindell.

30 July 2016, 14:07 | By Gary Newman |

KEFI making progress towards funding which will cause a re-rate

Gold has definitely been one of the best sectors to be in so far in 2016, and whilst I’ve mainly been sticking to those companies in production, there are several smaller AIM listed outfits that are close enough to that stage to have gotten my interest.

30 July 2016, 13:39 | By Graham Neary |

“Is this worth my while?” – A few simple tips on how to measure performance

I thought I’d take a short break from company-specific analysis this Saturday to share a few thoughts on how best to understand whether your investment journey is a successful one (for my previous advice article, see Micro-caps – don’t buy unless you’re willing to hold).

19 August 2017, 11:11 | By Tom Winnifrith |

Tom Winnifrith: Sign up now for new free share tip service FiveFreeShareTips.com

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.

13 August 2017, 22:11 | By Tom Winnifrith |

New Bulletin Board Moron of the Week contest - sponsored by the fund managers who knew so much better than the dirty plebs on Telit

Just three months ago some of Britain's top fund managers ploughed more than 50 million dollars into a placing organised by AIM dog Telit Communications despite numerous warnings from ourselves and others. But they knew better and anyhow it was other people's money. The shares have collapsed today to less than half the placing price after the most awful set of interims. But the fund managers will still earn Inter City salaries + ( more than 125) and fat bonuses so who cares? Are there any folks in the share world dumber than those fund managers? Er.... 

13 August 2017, 07:42 | By Gary Newman |

Kaz Minerals offers a buying opportunity on this dip

Kaz Minerals (KAZ) is a great example of the extent that commodity prices can effect larger miners, and the recovery in copper prices has seen the share price trading at multiples of where it was just 18 months ago.

13 August 2017, 01:34 | By Tom Winnifrith, The Sheriff of AIM |

KERBOOM - THE FULL SHOCKING DOSSIER, New fraud revealed - This is why Telit is Globo Mk2 and why it is going to 0p

Over the past week I have shown that Telit Communications (TCM) is run by a man who fled fraud charges in the US but changed his name to avoid investors knowing, I have flagged up banking covenant breaches, red flag strewn interims and an Italian criminal investigation. But that was just an appetizer. Today I give you a full dossier with shocking NEW material, which shows this is Globo Mark 2. it is a fraud and its shares are going to zero.

13 August 2017, 07:59 | By Tom Winnifrith |

Jubilee Platinum deal with Riverfort - death spirals so bad right? NO!

Jubilee Platinum (JLP) last week announced a $50 million funding package to grow its metals recovery business. Oh no Riverfort! Said the snipers. Death spirals, yak, yak, yak. They have it wrong. This deal is, if you read the detail, good news.

13 August 2017, 01:11 | By Pizza HardMan Darren Atwater |

Notes from Underground: Here's a buy recommendation: invest in moped shares

London has a real table problem. At least the outdoor ones, and I don't see Mayor Sadiq Khan putting any effort into it.

13 August 2017, 10:55 | By Tom Winnifrith, The Sheriff of AIM |

Emails sent to AIM Regulation & Nomad Finncap after today's Telit bombshell - this must be suspended 7 AM Monday

This is becoming Globo v2 at a an alarming rate. Today's bombshell dossier on Telit Communications (TCM) nails it as a slam dunk ZERO beyond all doubt. The only way that the shares do not completely crater in the morning is if they are suspended first. And that is exactly what should happen. As such I sent a couple of emails last night. One to tthe head of the Oxymorons Marcus Stuttard and his clueless colleagues, the Keystone Cops at AIM Regulation and the other to the folks at Nomad FinnCap from CEO Sam Smith via head of Corporate Finance Stuart Andrews down to analyst Lorne Daniel with a minor jackal in Corporate Finaance also included in case Andrews is too busy with his polo ponies to read emails on a Sunday. Enjoy!

13 August 2017, 11:29 | By Tom Winnifrith, The Sheriff of AIM |

Want to Get your cash back on the Paragon Diamonds AIM Casino fraud & bust - legal case now imminent

Investors who have lost £900,000 on the Paragon Diamonds (PRG) fraud and bust are now lined up to sue the hapless Nomad ( Northland with QEs Gerry Beaney and David Hignell overseeing the shambles) as an update from class action litigation arranger Peter Petyt sent this morning, makes clear. However we need more folks who were conned to join the party URGENTLY and for two reasons:

13 August 2017, 11:56 | By Tom Winnifrith, The Sheriff of AIM |

Telit Communications – Mr Fat Katz unusual remuneration arrangements

After today's complete bombshell which shows that Telit (TCM) is a Globo style fraud and thus utterly worthless what follows may be a tad academic. But, none the less, it is yet another Red Flag which we all should have noticed earlier. Reading through the 2016 annual report of Telit it is apparent that Mr Fat Katz, sorry Mr Oozi Cats, had two unusual remuneration arrangements. 

13 August 2017, 13:17 | By Tom Winnifrith, The Sheriff of AIM |

Tom Winnifrith Bearcast Special - the culture of corporate lying as I say GOTCHA to Telit

Following today's bombshell there can be no doubt that Telit Communications (TCM) is toast. Companies that lie and deceive so industrially in the way I demonstrated earlier HERE will always end in tears.  In this podcast I look at the culture of corporate lying and wrongdoing and what it means for you as an investor. I look at rent boys at BP then at Quindell (QPP), Globo (GBO) and of course, in the main, at Telit

13 August 2017, 13:57 | By Tom Winnifrith, The Sheriff of AIM |

Telit bombshell Part 2 - its Distributors are oft on a par with those of Globo

Earlier today I published a bombshell that demonstrated that Telit (TCM) was Globo v2 - that is to say a FRAUD heading for zero in short order.. One of the points that caused Globo to unravel within days were its bogus distributors. I covered that in some detail in Part 1 of this series but here in  part 2 I offer up some graphics to make my point. Distributors account for only 30% of claimed sales but if they are bogus then is anything genuine? It is game over for Telit, the Fat Lady is getting ready... Enjoy what follows...

14 August 2017, 08:03 | By Malcolm Stacey |

Congratulations! - You're a Share Winner In the 68,000 Club

Hello, Share Jigglers. The stats show that more than 68,000 different people logged onto this magnificent website last week. Darren Atwater, who recorded this amazing count is too modest to comment. So allow me to note that 68,000 is the equivalent of the entire population of a very big town.

13 August 2017, 13:27 | By Nigel Somerville |

Ariana – gold price, production news and share price

After my mea culpa of June 20th we have had further news. It has taken a bit of time to digest, but overall it looks positive to me, if rather laced with jam-tomorrow. With the share price finally off its low point of just 1.25p, let’s look through the detail.

13 August 2017, 13:37 | By Evil Banksta |

Obtala: When is an equity Issue not an equity issue?

When the cash still hasn’t arrived! Tom Winnifrith gets upset (see) when I write negative comments about Obtala (OBT) and so I’ve kept quiet for a while, but there comes a point when you just have to ask the question: WTF is going on? Since Tom believes in free speech (as well as Obtala) he - as ever - allows me to write here.

14 August 2017, 08:26 | By David Scott |

Because it is easy - Kennedy on Space, the World today on debt-binging

In a world in which "we do these things because they're easy", the outcome will eventually be very difficult and painful. On September 12, 1962, President John F. Kennedy gave a famous speech announcing the national goal of going to the moon by the end of the decade.  In a memorable line, Kennedy said we would pursue the many elements of the space program "not because they are easy, but because they are hard.Both nationally and internationally the overriding economic philosophy is currently "we do these things because they're easy" and relying on debt to pay today's expenses is at the top of the list. What's easier than using a line of credit to buy whatever you want or need? Nothing's easier than borrowing money, especially at super-low rates of interest.

13 August 2017, 21:03 | By Tom Winnifrith, The Sheriff of AIM |

FT Reports that Telit "parts company" with Oozi Cats - that's spin from the PR & no longer the issue

The Financial Times, always happy to help a company in trouble try to polish a turd with some PR spinning, is reporting that Telit Communications (TCM) is to part company with its founder, 12% shareholder and CEO Oozi Cats on a permanent basis. After our Boston fraudster revelations of last week Oozi had already stepped down pending an investigation by a law firm Cameron McKenna. After our revelations he was toast. But sacking Oozi is not enough after today's bombshells on this website - this is PR spinning and does not address the issue of wholesale fraud at Telit.

14 August 2017, 08:15 | By HotStockRockets |

Another day and another snippet of good news from Kefi Minerals - buy at up to 6p - target 13p+ to sell

Kefi (KEFI) has announced that it has managed to reduce the amount needed to bring the Tulu Kapi project in Ethiopia into production by another $8 million. Following news of the $135 million Oryx funding last month the shortfall Kefi faced was $32 million, it is now just $24 million.

19 August 2017, 11:11 | By Tom Winnifrith |

Tom Winnifrith: Sign up now for new free share tip service FiveFreeShareTips.com

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.

19 August 2017, 11:11 | By Pizza Hardman & Hackney Marxist Darren Atwater |

New Bulletin Board Moron of the Week contest - sponsored by some scooter courier shop in Vietnam, #1 distributer for Telit

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.

18 August 2017, 14:35 | By Tom Winnifrith, The Sheriff of AIM |

Tom Winnifrith Bearcast: Oozi Cats and the FBI & why Telit could well be tits up within weeks

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.

18 August 2017, 08:11 | By Tom Winnifrith, The Sheriff of AIM |

A letter to the chairman of the London Stock Exchange - why no independent review of the Telit fraud?

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.

18 August 2017, 09:24 | By Tom Winnifrith |

Does Neil Woodford really deserve a halo - is Circassia the biggest dog in his funds?

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.

17 August 2017, 14:59 | By Tom Winnifrith |

Obtala - shares to more than double: broker VSA: we publish the note

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

18 August 2017, 14:46 | By Tom Winnifrith |

Reader Comment of the day - Drunken Sailor unearths local issues for Bushveld

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:

18 August 2017, 11:24 | By Cynical Bear |

PCG Entertainment – Lots to like about this funding deal other than…….WHY??

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?

18 August 2017, 09:14 | By Tom Winnifrith |

Kennedy Ventures - Giving 3.98% of the company to the CEO does have a cost

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.

18 August 2017, 14:05 | By Steve Moore |

SRT Marine Systems – order “for the world's biggest single deployment of AIS AtoN”. Wow… Or not…

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!…

17 August 2017, 14:03 | By Steve Moore |

Idox – acquisition aids a rating which is “highly attractive”… Or is it?

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)…

18 August 2017, 08:08 | By Malcolm Stacey |

Looking for a Possibly Safer Airline Venture? - Well, this Fleet's In

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.

18 August 2017, 14:59 | By Nigel Somerville, the Deputy Sheriff of AIM |

Advanced Oncotherapy – how’s the cash position? Still a stonking SELL.

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?

17 August 2017, 16:05 | By Steve Moore |

Capital Drilling – half-year results include “broadened” uplift in activity, so why are the shares lower still?

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?...

19 August 2017, 07:56 | By Steve Moore |

Table of shorted AIM shares - week to 18/08/2017

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...

19 August 2017, 07:32 | By Tom Winnifrith, The Sheriff of AIM |

Telit Communications – how much of a cash guzzler is GainSpan?

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: