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Columbus Energy Resources (CERP) has announced an all-share agreement to acquire Steeldrum Oil Company Inc, with Executive Chairman Leo Koot emphasising it “provides the company with an excellent opportunity to exploit our existing and new assets through operational excellence and also grow organically through exploration and the Cory Moruga development project”…
Hello Share Scoopers. There’s been scary talk about the effect of US trade sanctions on British shares. The Chinese are adding fuel to this fire by claiming the tariffs on them will affect the whole world. Well, they will. But in a good way. If the Chinese and other nations which are being targeted by Big Donald cannot buy American goods without their costing a lot more, than they will buy stuff from other places.
For reasons explained in the podcast my walk up into the mountains is postponed until Saturday. So the suffering is delayed. Don't delay with a donation to Woodlarks HERE. In the bearcast itself I look at Evil Knievil's World Cup gambles and who he is backing in the final, at a potentially horrid spat at Bacanora (BCN) which looks set to get very nasty indeed, into murky share deals at Cabot Energy (CAB) - a massive scandal in the making and in real detail at the Telit (TCM) disposal announced today. The numbers just do not stack up.
You have been warned (see HERE) that AIM-listed Haydale (HAYD) is a nailed-on certainty for a discounted placing. We also know that the last placing was at a mammoth 32% discount (at 120p!) and the CEO has recently stepped aside following a (lack of) sales warning. Since then, the shares have been a one-way bet southwards, and we reckon a placing at 50p was on the cards.
At 4pm yesterday, AIM-listed Mysquar (MYSQ) slipped out and RNS announcing that it was calling a General Meeting. It seems that the board is running short of shareholder authority to wheel out the printing presses to issue more worthless confetti. The ShareProphets RNS translation Service explains all (original in bold)
How many companies list on AIM and then provide timely trading statements, upgrade their advisers, get full year numbers out early and beat forecasts? Can you name any? Well here is one: Sosandar (SOS)...
I Thought I would follow up on both Steve’s piece and Tom’s Bearcast on yesterday’s debacle at GYG (GYG) as I was disappointed that both my colleagues failed to make the obvious Woodford connection but, more importantly, I wonder if the banks will be taking a close look at this as the 30 June banking covenants must be a tad challenging.
Ariana Resources (AAU) has announced quarter ended 30th June preliminary production results from its Kiziltepe joint venture, including the company’s Managing Director Kerim Sener emphasising “the results of the past quarter are our best to date, outperforming overall quarterly feasibility-study expectations by 92%”…
The theme of Monday's UK Investor City Show evening was disruptive technologies. That is certainly something Cambridge Cognition (COG) is working on. Nigel Wray is a big shareholders and has increased his stake of late. Watch the video to see why.
Just following up on Steve’s piece on Itaconix yesterday (HERE) with a couple of further observations relating to some interesting interactions between Woodford and its partner-in-crime in many of these early stage biotech / tech plays, IP Group, (IPO), but more importantly to ponder why on earth either of them are bothering.
Previously writing in May on homewares group Portmeirion (PMP), I noted the company looked well set, but retained some caution. Now a half-year trading update…
Hello Share Minders. When I first commended Zoo Digital (ZOO) to you in October the share was 63p when it had recently jumped over three months by 300%. Now it’s 149p. So another increase of much more than 100%. But in my view there is scope for even more improvement. I do not have more hard news to back this view, but I have been reviewing why this company is so popular with so many show business brands.
As you may know I showed extreme bravery in meeting Brokerman Dan on his home patch, in the Manchester Slums, last weekend. For that alone you should sponsor me ahead of my 32 mile walk for Woodlarks with Dan on July 28. We are now over 65% of the way to our £20,000 target. If you have not yet donated please do so HERE. The Manchester summit was captured on film as you can see below and I asked you for captions for the photo - many were supplied.
I start with a bit on my walking schedule. I really will suffer tomorrow so about donating a tenner to Woodlarks as you think of the pain that lies ahead. Support a great cause HERE. In the podcast I look at non food retailers where I take a simple view as I am not as clever as Chris. I look at CyanConnode (CYAN), GYG (GYG) and follow up on Gary's piece on Bellzone (BZM) with a discussion on what constitutes market abuse.
AIM-listed Greek resort hopeful Minoan (MIN) has announced yet another extension to its loan from Hillside. The terms are largely the same, but a further 1.7 million warrants at 6p are being issued, and the loan is now on demand, with a long-stop date of 31st August. This is in relation to the announcement last week that the sale of its travel and leisure business is on the way. With a long-stop date of 31st August, one might assume that at long last something is going to happen!
On 5th July 2017 it was “GYG, a market leading superyacht painting, supply and maintenance company, is pleased to announce the commencement… of dealings of its ordinary shares on AIM… Placing price 100p, gross proceeds of the placing £6.9 million… Zeus Capital is acting as the company's nominated adviser and broker”. Now a trading update commencing “trading has been significantly weaker than expected”. Uh oh…
Previously writing on Woodford dog Itaconix (ITX), it was Q1 trading update, ‘More cash please, Neil’ indeed!. Subsequently, the shares have been suspended due to “as a result of the requirement for further funding, the company will not be in a position to publish its annual audited accounts for the year ended 31 December 2017 by 30 June 2018, as required by AIM”. Today results and “Proposed Fundraising” announcements…
When I first commented last October 15th on fully listed Interserve (IRV), it was sacking its old board and in a financial mess, and the shares were around £1. I said sell – and glory be, the shares sit this morning at about 60p after an RNS telling us of a new £35 million contract. The RNS strikes me as getting any good news out it can.
Neither myself or the audience gave Steve O'Hara of Optibiotix (OPTI) an easy ride at Monday's UK Investor event in the City. But he presented well and I note that the chairman has today announced the purchase of £150,000 of shares at 71p. Watch Steve closely and you will see why the chairman is buying and why the shares - which are our largest holding but one we have added to in the past couple of months - are so cheap.
Anyone who follows the world of AIM on bulletin boards and Twitter will have noticed a lot of sudden excitement in Bellzone Mining (BZM) yesterday, with the share price rocketing and closing at around 0.9p, but unfortunately some were posting false news. Was that deliberate market abuse?
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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