Begbies Traynor (BEG) has announced an initial £2 million, and up to £4.625 million, acquisition of Pugh & Co, the largest firm of commercial property auctioneers operating outside of London, with regular auctions held in Leeds and Manchester.
Over on TomWinnifrith.com, Tom writes about the latest person who has annoyed the Daily Mail (and thus, Tom), drinking ouzo down the Kambos pub, and waging the WW III against snakes and rats.
Having previously warned, calendar year 2015 results from Fox Marble (FOX) are unsurprisingly “disappointing”, though the Kosovo and Macedonia quarrier emphasises that it is now“seeing the results of our efforts in establishing our product in key marketplaces throughout the world and the benefit or having our marble actually installed in developments”.
I’m bringing this BOX set to a close with a set of questions for Lord Razzall to answer that summarises the plethora of issues raised in my various articles on Boxhill Technologies (BOX). Shouldn’t take him too long to answer over his roast beef and I reckon any more than 5 incorrect answers and he should do the decent thing.
Is the current pull back a correction in a new bull market or is this a fake rally? Will price inflation keep rising? Will we see stagflation going forward? What effect will Federal Reserve interventions have on the markets? Are we moving to a cashless society? What is gold’s role in the permanent portfolio?
Conman Simon Petherick of House of Britannia is up to his old tricks. His company has bought another outfit Best Of Britannia Retail, which says holds exhibitions promoting British-made products. But the deal is far from what it seems. It is a con. Yet the Daily Mail says this is a move ahead of a £6 million ISDX listing. Whatever. Now, for Daily Fail reporters who are too fecking lazy or stupid to do basic research let;s deconstruct their hoodwinking. The Mail states:
Yesterday I covered Norman Broadbent (NBB), arguing the pros and cons of making an investment at this point in its history. Regardless of these pros and cons, it’s an example of the type of AIM stock, from a more technical perspective, which investors need to be cautious of. Let’s go over the basics of liquidity.
Last time it was the slowdown in house prices. Today it is the fact that UK equities are not rocketing that Malcolm Stacey is blaming on Brexit fears. His fellow Guardian reading Euro loons blame Brexit for slowing UK economic growth while Dodgy Dave blames it for an increased chance of World War Three. Maybe it is Brexit that is causing Cheryl Cole not to head out to the Greek Hovel for a night of passion with me?.Bloody Boris, you bastard: it is all your fault that I am not playing jiggy wiggy with the UK's leading chanteuse tonight.
Petropavlovsk (POG) has welcomed latest news from its Hong Kong-listed associate company, IRC, as “a significant step forward in bringing K&S into full commercial production during Q3 2016”.
In today's bearcast I look at Inspirit (INSP) and Teathers Financial (TEA) and the common threads that show why both bring shame on AIM and are uninvestable. I then look at Teathers and ask where has all the money gone and what is it trying to hide? And I explain to two prize twits what a flip flop means.
I smiled at Nigel’s piece on FastForward Innovations (FFWD) yesterday asking a similar question as I’m beginning to wonder whether I’m doing the Nomad’s job at Boxhill Technologies (BOX) too. Having raised the issue about the winding-up petition before the RNS on Thursday, there was also a further RNS that day about the shares held by SmartePay Limited which I first raised in February and again last weekend.
Who would you want running the AIM PLC board from hell? Naturally with Outsourcery (OUT) becoming his 39th business failure, or is it 38 I lose track, Dragon's Den flop Piers Linney has to be the CEO. I'd nominate that silly woman from Easyjet (EZJ) as Group Equal Opportunities Officer. The Chairman has to be the patrician twit Gibson Smith formerly at the LSE. The FD...check out the CV of Nilesh Jagatia of Inspirit (INSP) and Teather's (TEA) infamy now on the run!
Friday saw the release of Norman Broadbent’s (NBB) final results for 2015. This small executive search business is alive and kicking despite a sequence of unprofitable years.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of May 2016 (by net short position %) - and if the positions have increased (red), reduced (green) or remained unchanged (black) since last month...
ShareProphets likes to bring you the news that companies don’t want you to see. In that vein we bring you yesterday’s RNS from the AIM-listed mile-high croc of **** with no CEO and which is running out of cash otherwise known as Fastjet (FJET) which was entitled Notice of AGM. To make things look really kosher it came out at 3.36pm on a Friday: no-one-is-watching o’clock. Whilst some in the square mile may already have been off lining up the Friday night coke and hookers, we were still watching. Blow me down with a feather, it wasn’t just a notice of AGM.
Hello Share Schemers. I read a very recent piece on this glittering website from Terrers the Frenchman. Readers of his occasional, but very well researched and detailed articles, will know that he usually takes the gloomy view. And this is what happened in Thierry’s latest interesting piece which points out that the Footsie is once again on the back foot. In his opinion things may just get worse before they come better. And yet, as he also mentions oil prices have risen and the S & P has been trading near highs. So what’s holding the Footsie back? Well, I think we all suspect it is the uncertainty over Europe.
LGO Energy (LGO) should be publishing the year end accounts for 2015 within the next week. If the accounts are audited we will probably see LGO declaring an operating loss of between £10-15 million. I have not seen any analysts expectations so its hard to assess how the market will react to this.
The BBC could not get enough of Piers Linney as a Dragon on the Den. Black, working class and from the North the chap was, we were told, worth £100 million. If only he'd been in a wheelchair and a lesbian and the Beeb would have got the full Politically Correct suite but heck Piers was "minority" enough and the State Funded broadcaster creamed itself. Sadly it was all a myth.
Oh dear, Oh dear, when even those you pay to produce buy notes, refuse to promote your shares you know that you are in trouble. Equity Development, which has been pumping Fastjet hard since 2013 has today said it cant set a target price any more. Cripes, I suppose that if FastJet can spare a few quid it could always get Gollum and Zak Mir to ramp its shares but back to those paid for rampers we can take, at least a bit, seriously.
Earlier today we flagged up a planned rampfest investor evening organised by jam tomorrow and hot air producer Inspirit Energy (INSP) which - according to the original RNS - featured an array of attractions including Zak Mir - who was laughably described as the UK's favourite technical analyst, which Nomad signed off on that crap? - and a chance to quiz FD Nilesh Jagatia. Oh goodie goodie thought a number of folk from the Teather (TEA) shareholder action group who would like to ask Nilesh about how he has trainwrecked their company and if he condones blackmail?
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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