NewRiver Retail (NRR), the AIM-listed real estate investment trust focused on the retail sector, has announced its annual results this morning. It marks the latest chapter in a stock which is likely to land in mainstream ETFs and funds later in the year.
Following their appointments last year and the announcement of results for the company’s year ended 31st January 2016, I’ve chatted to Coms plc (COMS) CEO Mark Braund and CFO Spencer Dredge…
Eden Research (EDEN) had results yesterday. Drunken Sailor says that BB Morons reckon that I have been warned off with legal threats and so am not saying anything. Au contraire, I just missed them. I'd love to see the Eden bitchez in court, It all ended so well for them and the 3DM motherfuckers last time they tried it on in 2005 did it not? So for the avoidance if doubt Eden's results show that it committed wholesale fraud in 2015 as is its wont, it will run out of other people's cash by Christmas 2017 and is a worthless piece of crap as I explain in the podcast. If PR oaf Paul "Queenie" McManus wants to keep briefing the morons that I am scared so be it. The facts are otherwise.
Yesterday I exclusively revealed HERE that Teathers Financial (TEA) had told rebel shareholders that if they did not withdraw an EGM request to sack the board, a mystery £1 million investor would walk. Teathers boss Oliver Fattal gave the rebs until 3 PM to pull the request. They declined. Today Teathers has changed its tune. That on its own tells you the board are worse than poltroons and should be fired. I now publish Olly's email.
I have picked up LightwaveRF (LWRF) before for the way that it mangles the English language in its statements. It makes Chris Oil look like John Le Carre. Back in July 2015 I took its language mangling as an intent to gloss over the grim reality and said it was a Red Flag The shares have duly collapsed from 38p to 15p and today it serves up another RNS which is misleading. It is bullshit.
Shares in a number of companies in the airlines sector are looking quite appealing at the current levels that they are trading at, and for me EasyJet (EZJ) falls into that category.
Having updated earlier this month that profit would be “significantly short of market expectations” and an increase in the bad debt provision – see HERE, Driver Group (DRV) has announced results for its half year ended 31st March 2016. As expected, they ain’t pretty…
I’ve been looking forward to seeing the final results of FastForward Innovations (FFWD) which came out late yesterday due to a ridiculous comment that the CEO, Lorne Abony, made at the recent Master Investor Show.
Paul Scott is slating me for breaking news of the Cyan (CYAN) placing which the company has now confirmed in a grudging sort of manner. I examine why Paul is upset but explain why his argument is flawed and why he needs to direct his ire at the company not at me. Ever since there have been financial journalists our job has been to break stories of placings, bids and profits warnings. I explain why that is the moral thing to do and exactly why it was the moral thing to do to break the Cyan placing today. I've been breaking such stories as a financial journalist for 25 years. I am bloody good at it and so have no plans to stop. It is one of the few things I do which I can say, without doubt, is morally right. My snake encounter article, I mention in the podcast, is HERE
Hello Share Chippers. I rate my large number of oil stocks in the same bracket I consider banks - a real solid gold let down. As I mainly invested in oil and banks because I once thought the sectors were relatively safe, I am even more disappointed. Banks of course have been a drain on our pockets ever since the big crunch of 2007. Whereas oil has only recently taken a nasty dive.
I have obtained emails that show clearly how the board of Teather's Financial (TEA) have tried to bully dissident shareholders into not ousting the directors who are culpable as it gets slung off the AIM. The bullying has not worked. The board will be sacked.
The oil team at SP Angel is normally uber charitable to the array of dogs that litter the hydrocarbons segment of the AIM Casino. But one thinks of Geoffrey Howe, a mild mannered and retiring chap, as he savaged the blessed Maggie in his resignation speech as, this morning, analyst Zac Phillips has stuck it to XCite Energy (XEL) like a man possessed.
Tungsten Corp (TUNG) has updated on a cash balance “£1.1 million in excess of the board's expectations” and revenues for its year ended 30th April “representing an increase of at least 12.5% on the prior year”. The shares are though currently lower, at around 58p, in response. Hmmm, better continue reading…
Jeepers what a fantasist. He is probably related to yesterday's Scouse fantasist. Get in the real world chaps. Moving on, in today's podcast I cover: IGAS (Igas), Highland Natural Resources (HNR), Guscio (GUSC), Armadale Capital (ACP), Chamberlin (CMH), Cyan (CYAN), Management Resources (MRS), Imaginatik (IMTK) and Mr Robert Simon Terry, the serial fraudster.
The ShareProphets AIM-China Filthy Forty is already down to just 20 AIM-listed companies, with a further three currently suspended. The calendar FY2015 reporting deadline is now looming (30 June), which last year saw a splurge of suspensions and Nomad resignations as companies either failed to report or their advisers decided enough was enough. But we’ve had a good few RNSs in the last few days, so it is time for a rancid round-up!
I realise that over on the LSE Asylum criticising Highland Natural Resources (HNR) gets the sort of reaction normally reserved for those who suggest that the McCann's are not complete role models when it comes to best practice in babysitting, but a transaction announced back in 2015 looks very odd indeed to me. Any more red flags vicar?
After last Friday strong rally, the FTSE closed down yesterday. It seems the rally is running out of steam. Same thing in the S&P 500, I was expecting a rally near 2070, but the highest level yesterday was 2055 and the index closed down.
Having failed repeatedly to make anything other than vast losses and a pigs ear from the oil and gas sector, Mosman Oil & Gas (MSMN) finds itself sitting on A$4.5 million (£2.2 million) and so appears determined to find new ways to spunk what is shareholders cash.
This morning came an announcement (see HERE) that North Yorkshire County Council has voted to allow the use of hydraulic fracturing to extract shale gas from a site in northern England. It is the first fracking permit in the UK since 2011 and all of a sudden over-indebted Igas Energy (IGAS) shares have leapt 25% on the news. Of course it does nothing to relieve the balance sheet issues facing Igas and as such this seems to be a cracking (or fracking) good shorting opportunity.
A good City source tells me that Beaufort Securities is trying to raise £12.5 million for uber jam tomorrow play Cyan (CYAN). The shares are 0.28p now the word is that the placing is being priced at 0.21p or lower.
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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