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As today is New Year's Day, there is nothing to do but reflect on our activities of the past year and anticipate the adventures of the next. Starting Tuesday, we'll be back full time, although we have a few surprises planned for Monday, Quixotically jousting the windmills of AIM but for today, Happy New Year to you and your familes.
Cloudtag and Quindell owning twins Kate and Hayley are determined that their privacy be respected by us not posting pictures of them getting their kit off which appreared on a website they themselves put up. So here's a picture for you, of them getting their kit off, as we start our 2016 Full Year BB Moron of the week contest with a prize worth £180.
I start by looking at the RNS releases from Friday, the LSE really must change its rules. Then it is on to AIM - how many companies will be there at the end of 2017 and is the Nomad system just viable any more? In this section I look at Cloudtag, Quindell, African Potash and Globo among others. then I have a couple of New Year's Resolutions and I wish you all a happy New Year's Eve and prosperous 2017.
Boy did Amryt bore its loyal shareholders, including us, to tears for most of 2016. Owning this stock, formerly a failed oil explorer Fastnet, was like watching paint dry. Amid a totally understandable ennui the shares drifted back to lows of just under 14p which - as we had tipped the shares at 18.4p and bought ourselves at higher levels - was a bit of a pain. But then in November it roared into life and the shares are now 18.5p-20.5p and are my second buy tip of the year at up to 22p.
No doubt the convicted criminal Aidan Earley reckons that African Potash (AFPO) is another fine company brought to its kneees by myself and the global shorting conspiracy. Actually it is a fraud which is why it snuck out more lies and bad news at no-one is watching O'clock on Friday. I was watching and this podcast is all about that fraud and what happens next.
ShareProphets AIM-China Filthy Forty play Taihua (TAIH) is, in my view, a screaming sell in view of the Red Flags highlighted on this site for months. I doubt very much whether a short position is possible with this stock, but if I were a holder I’d be running for the hills.
In order to show us all what faith Marcus Stuttard, the head of AIM, has in his team of oxymorons at AIM Regulation ShareProphets has selected a beautifully diversified portfolio of stocks for him to invest his own money into. Of course, all seven have been Red Flagged on this website but since was all know that all is well with the regulation of the world’s most successful growth market we are sure that Mr Stuttard will want to demonstrate his trust. At the last update his portfolio was down by 11.6%. Has it fared any better as we close out 2016?
In September I used EVR Holdings (EVRH) as a case study in ‘How to make money out of a Chris Akers stock’ and suggested that it could rise from around 3p and wouldn’t be surprised to seeing it hit 6p, but would perhaps get out then. Well, it hit my target price this week, more quickly than I initially envisaged, so what would I do now?
Having seen a cracking 23 dodgy RNSs released on the last trading day before Christmas as bad news was buried in last-minute Christmas shopping and even then a few were slipped out hours after the markets closed, the totally unbiased adjudication of the Global Shorting Conspiracy has reviewed the releases on the last trading day of 2016 for attempts at burying bad news. You were asked how many there would be, and we have a winner. But first, a round-up of the missives concerned.
Further to my last piece two weeks ago HERE on the cash challenges facing Xtract Resources, it announced a ‘keep the lights on’ placing of £220,000 on 21 December pending the authorisation of 9 billon shares at yesterday’s general meeting. All as expected but where, oh where is the goddamn BFS (or DFS or whatever Colin wants to call it)? As yet another deadline is missed, I thought I would provide a helpful overview of the quest for the mining equivalent of the Holy Grail.
That the London market – and especially AIM – is fleecing investors on a regular basis is a given in these parts. Of course, most companies are run by honest individuals but the regulatory set-up is failing to bring those lacking in morals to book and investors need protection. It is not even the community of BBMs who need to be looked after either – consider the plight of those whose cash has ended up in institutional hands such as those of Tom Dobell of M&G and despatched to the great central bank in the sky via the fraud Quindell.
Each day until New Year's Day, we a showing a photo taken through the window of a ShareProphets reader. Today's snap by 'Aidan', with this photo of his Christmas residence from a few years ago.
Hello Share Manglers. It’s that thrilling time of year when this old punter arrogantly chooses your New Year resolutions for you. And please make sure you heed them this time if you want (possibly) to make the most of your profits in 2017.
2016 is not over yet and we have four more share tips to serve up by midday TODAY and you can catch all of them for just £5 by clicking HERE
I start with thanks for all the offers of support in dealing with the criminal poltroon Aidan Earley of Worthington (WRN) - now in liquidation - infamy. I then look at Advanced Oncotherapy (AVO) and the questions it is NOT answering. Then I touch on Audioboom (BOOM) before going onto Parallel Media (PAA) before ending up with the basket case that is Inspirit Energy(INSP), its bleak future and its links to the Teathers Financial (TEA) scandal. Finally I brace myself for a night of woe tomorrow.
Honestly you could not make this up. Convicted felon & libeller Aidan Earley, of Worthington (WRN) - now in liquidation - infamy, has responded to his new found fans, largely Cloudtag (CTAG) owning morons, by setting up a crowdfunding appeal to help fight me in the Courts. Used to chucking their moiney down the pan so far, 28 morons have sent £1,114 to Mr Earley. He won't believe his luck in finding folks who are so stupid.
In the long run buying shares in companies that break accounting rules, commit fraud and which are running out of, other people's, money is a recipe for poverty and thus AIM listed fraud Eden Research is my second share tip of the year, like my first (Cloudtag HERE) it is as a sell. The shares are now xxp but this is a sell at any price down to 0p. Frauds are always worthless in the end.
Valuing small resource companies can be difficult, and often they will appear to be far cheaper than they really are. The bulletin boards, Twitter, etc are full of people extolling the virtues of the companies that they are invested in and pointing out that they should be worth far more than what the share price currently reflects.
You want your share tip of the year to have the potential to double or treble. You will not get that with GlaxoSmithKline (GSK). Equally it is incredibly unlikely that you might lose 75% of your cash on Glaxo. Elephants do not gallop eith forwards or backwards. My third tip of the year is a stock that could lose 75% and become a cash shell. But it is also one that could easily treble and I think he odds are on the treble not the collapse. I refer to Wishbone Gold (WSBN)
The story that I first covered back in June HERE came to its all too predictable end yesterday with the announcement of the forthcoming cancellation of SyQic (SYQ) from AIM. Nevertheless, it is still worth spending a bit of time reflecting on the turn of events so that one can recognise the red flags in the future and avoid a similar investment disaster in the future.
Amit Ben Haim does not like to be at the helm when one of his enterprises goes belly up. He always quits and leaves a gent called Massimo Ventimiglia to pick up the pieces. And hence we come to Cloudtag (CTAG) subsidiary CT Technology Services.
Thank God for small mercies. Now we can start a rota on who has to listen to Brokerman Dan blathering on about blockchain and what a frigging genius Clem Chambers is. For now there is a third rogue blogger joining us as we walk the 32 miles from Horse Hill to Woodlarks on July 28. He is a man who knows Horse Hill well…
Maybe Julie "Lingerie on expenses" Meyer MBE thought Winnileaks was on holiday. Winnileaks never rests. Our latest document shows Julie playing fast and loose with the truth as she ballted to avoid facing justice against the Start Up Loans Company.
It is not as if Optibiotix (OPTI) management do not put their money where their mouth is. Just a few days ago chairman Neil Davidson splashed out £150,000 buying shares at 71p. Now we have news of an option package for three senior staffers including Davidson. No options….one way bet… nooooooooooooo you scream. No. Read the RNS.
Shares in Westminster Group (WSG), run by loathsome ex Tory MP slug, Tony “fatso” Baldry of 3DM infamy have slipped again to just 9.2p to sell. Those who ponied up £750,000 in the last bailout placing at 22p, less than six months ago, must by now realise that backing a Baldry run company is financial hara kiri. But things are going to get worse. You see the money's almost gone....
Hello Share Chewers. Small pioneering medical companies are a favourite of mine. As finding a cure for a condition which is so often overlooked by the giant pharmas has to be a good thing. Both from the point of view of patients and that of shareholders.
The extract from the Land Registry below is in the public domain and looks like a huge misunderstanding to me. Worthington (WRN) may be in administration but it seems the FCA have a few questions for its former boss Doug Ware. I am sure there is a perfectly innocent explanation for all of this.
Oh dear, I sense that in my adopted home of Greece there are a few folks heading for the slammer in connection with the Folli Follie Fraud which we helped Gabriel Grego to expose on this website. It seems like just the other day that burly security guards were chasing me away from its HQ North of Athens, as you can see HERE.
Maybe Julie "Lingerie on expenses" Meyer MBE has other problems to consider? Take it from me that she does. There is more to follow, the wheels are a turning. But perhaps she or her uber expensive bully boy lawyer Julian Pike might answer a simple question for me. It relates to ASX listed Norwood.
Amino Technologies (AMO) has announced results for its half year ended 31st May 2018, emphasising “strong revenue visibility and pipeline coverage - full year expectations confirmed” - the numbers though showing adjusted earnings approaching 60% lower than in the corresponding half in the prior year on revenue 17% lower at $41.2 million. Hmmm…
Not much has got me fired up so far this week looking at the various regulatory disclosures but I did notice an article in the newspaper that purports to be America's leading financial journal yesterday with the worrisome headline of 'Barclays Mulls U.S. Push as Activist Looms...Executives debate whether greater exposure to the U.S. retail market could both generate revenues and fund its U.S. operations more efficiently'…
I’ve touched on Immunocore a few times in passing as it one of the largest holdings in Woodford Patient Capital Trust (WPCT) as well as being the largest investment made by Dublin-listed Malin Corporation, of which Woodford is the largest shareholder, obvs! Well, it looks like it’s not a particularly happy ship and I wonder whether a (further) devaluation is required?
In this week's video update from Palisade Capital and the only technical analyst we give any time to at all, Jordan Roy Burne discusses where the market is and why it failed to break-out. Traders were anticipating a breakout, and many are likely disappointed. The dollar is consolidating and now above the long-term moving average. Concerning GDX and GDX.J, things are still pretty dull. Jordan warns that “Silver is also on the verge of breaking down out of a triangle.”
Previously writing on Cloudcall (CALL) it was 2017 results, emphasises significant reduction in cash burn… but is there?, with the shares more than 6% lower, towards 165p. Today a half-year trading update – and the shares currently down around 10%, at circa 140p…
Shares in Image Scan Holdings (IGE) reached approaching 13p last year and were 6p+ following half-year results in April before sliding in the last month, last closing at 5.5p. Now an “Acquisition and Proposed Placing” announcement…
Previously writing on SRT Marine Systems (SRT) in April, I concluded with previous delays and a current market cap of more than £30 million, I await to see evidence it is actually on-track as well as the cash flow and the balance sheet. Today a “SE Asia Contract Change” announcement…
I commented on the lunatic management at Premier Foods (PFD) a couple of weeks ago HERE, who, after turning down a perfectly good bid, are circling the wagons against activist investors who want to help to start to create value by booting out the CEO. I could not agree more with their assertion that the CEO's tenure is 'five year of failure'...
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