On Friday - ahead of the bank holiday weekend - at no-one-is-watching o’clock (natch) ISDX-listed Leni Gas Cuba (CUBA) updated twice on its proposed take-over by Canadian TSX-V listed Knowlton Capital Inc. There is much to mull over there, but we have also recently had interim numbers from Knowlton and the implications for those caught in the lobster-pot of CUBA are horrific – anyone who handed over more than the 0.01p that David Lenigas paid for the bulk of his shares, that is.
Lonmin (LMI) shares have had a fantastic run since the start of the year, but if you haven’t already cashed in now might be the time to start thinking about it.
With the Serious Fraud Office closing in on Quindell (QPP) fraudster Rob Terry and his gang, the round up of suspects is going to be made easier by the way more and more of them are pitching up at Rob's new ponzi, Knob Park. The latest gang member to join is Tim Scurry, a Canadian now embarking on his 4th venture with Terry.
Following on from my positive piece last week on the progress made on corporate governance by Boxhill Technologies (BOX), I have now had a chance to peruse the full audited accounts and, I’m afraid, it smells as much as ever.
You remember how Noise Induced Hearing Loss (NIHL) was going to transform the profits of Quindell (QPP)? Okay, there had always been sub 20,000 successful claims a year but fraudster Rob Terry was accruing profits on the basis that Quindell was going to win 72,000 a year. Yes a 360% market share and the City analysts, mug punters, auditors KPMG et al believed him! Jesus how could they be so thick or corrupt? We did warn them. Anyhow, have a butchers at Note 37 of the Watchstone (WTG) - Quenron as was - accounts yesterday. It states:
Ooooooh is that a bankruptcy order in your pocket or are you just pleased to see me? Said Old Mother Worthington, played by Hattie Jaques. Aiden Earley, played by Jim Dale, gave a look of pretend shock and pinched Hattie on the bottom. Aiden is good at pinching. Craig Whyte, played by Sid James, is not in this film as he was detained elsewhere.
New York and London theatre and entertainment media company, Reach4Entertainment (R4E) has announced results from a “milestone” 2015 and is now “confident that the company has a solid platform from which to progress in the coming years”.
No announcements since 13th November last year from DCD Media (DCD), that is until now… a Friday before a bank holiday weekend 4:07pm “Business Update & Notification of Results”. I’m guessing this ain’t going to be good…
Recording in Kalamata, I have one last day in sunny Greece before I head back to the UK for five days of family time. Boo hiss. I start with another reminder of how thick some AIM folk are - London Capital (LCG). Then I look at the different way that private and public businesses account for profits running through how Sam Antar cooked the books at Crazy Eddie's. That makes me reflect on accruals causing me to examing the balance sheet of Lombard Risk (LRM) as Phil "InterX" Crawford drives it onto the rocks and also how Robert Simon Terry accounted for industrial deafness, something that will send him to gaol.
Sprott is the world's best known investor in gold and precious metals and it today serves up "six of the best" - half a dozen reasons to be long gold. It talks its own book of course but can you disagree?
The turnaround and growth investment company Volvere (VLE) has issued its preliminary results for the year ending December 2015, showing a huge jump in NAV per share following a successful divestment. NAV per share is up 32% to 569p, so that even after today’s share price rise it is trading at a 14% discount to NAV.
Shares in provider of port reception facilities and waste treatment solutions for the oil, marine and process industries, Nature Group (NGR) are down approaching 24%, at 5.625p, on the back of a “Final Results” announcement. Recently-appointed Chairman Berend van Straten is though “pleased to announce the 2015 results”. Hmmm…
Hello Share Twiddlers. As I boy I called my brother Richard, Ricardo. So I’m drawn for a daft reason to an engineering set-up called, that’s right, Ricardo (RCDO). And once, when my children were toddlers, I bought into a company called’ Sleepy Kids’ and lost money as a result. But there are better reasons than a name to encourage punters to look at Ricardo. What it does israther fashionable, and therefore potentially money-making. It provides and researches engines which deal with the problem of pollution from commercial engines. And that includes trains.
Some of our tips do not work out well. We cut losses on Armadale Capital last week. That hurt. But our winners more than make up for that. A couple of months ago we banked a 170% gain on our June 2015 tip of the month. Our January 2016 tip of the month received a bid approach allowing our readers to bank a 100%+ gain in 64 days. We banked a 50% gain on our March tip even sooner....
Whether broker Shore cap is talking tummyrot or not is not the issue. We all know that most broker notes are toilet paper. But just to annoy my pal Lucian Miers who is short I feel the need to give this Sirius (SXX) report more publicity.
Shares in Advanced Oncotherapy (AVO) are ahead smartly currently on the back of an announcement headlined “£24m financing secured for the provision of vendor financing by AVO for the Harley Street project”. Hmmm, let’s take a look…
I was pruning my first olive tree of the day and heard a noise behind me. Fearing the worst I turned and it was a tortoise which just sat there blinking at me. It was a special moment. That tortoise is smarter than idiots buying Circle Oil (COP) shares today. FFS how thick some folks are. Then I move onto Nature Group (NGR), Boxhill (BOX), Blenheim Natural Resources (BNR), Gable (GAH) and Wishbone (WSBN). Then a section on a PR man telling me what I should or should not be writing about Watchstone (WTG) The fecking cheeky bastard should stick to being an evil spinmeister and leave journalism to the professionals. Maybe PRs dont want us writing about an admission of £100 million fraud on AIM and would rather we just eprinted their lies/press releases? It is just not the way I work!
I am not a great lover of rum but the US market is much bigger in both absolute and relative to population terms than the British one. It matters. Thus it is good news that Distil's (DIS) RedLeg spiced rum has been approved for sale in the USA by the US Alcohol and Tobacco Tax and Trade Bureau, the TTB.
I am not sure about that although I am a shareholder in, still cheap, Berkeley Energia (BKY) so hope this is the case. Anyhow, this week's podcast from Amanda Van Dyke's colleagues at Palisade Capital is with George Glasier who argues that increasing worldwide demand for uranium cannot be met by existing supply. Taking a new project into production is a tedious process meaning supply crunches are inevitable. The current price is so low that mines have been shutting down. This comes at a time when nuclear power plants are being built at incredible speed. That is the bull case...enjoy.
Himex was the biggest single acquisition fraud perpertrated by Rob Terry at Quindell (QPP) and today the scale of that £100 million plus fraud has been laid bare as the re-branded Watchstone (WTG) has publsihed 2015 results. These show that statements made by new management with 2014 results were rash reckless and misleading but also that the Serious Fraud Office is still going after Terry and his cabal.
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 |