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It is natural that we measure things by a familiar yardstick - the problem is that being so-biased or lazy, we can be deceived. Take gold.
An intra-day (11:08am) announcement and Woodford Investment Management the major shareholder. What’s the chances this announcement from self-styled “transatlantic healthcare IP commercialisation group”, NetScientific (NSCI) ain’t going to be good…
Rose Petroleum (ROSE) “is pleased to announce” successful participation in a Bureau of Land Management Utah lease sale – acquiring a 75% working interest in an additional 1,260 net acres immediately adjoining its Gunnison Valley Unit acreage in the Paradox Basin, USA…
Hello, Share Swappers. We hear a lot about the Chinese setting up businesses here. But there are also British companies providing services to the Chinese. It’s a pity more UK firms don’t set their sights on this fast developing country because there is a huge market out there waiting to be tapped...
There are, in fact, two Neil Woodford disasters today. The other one is covered in bearcast HERE. Meanwhile, having updated on 28th December that Woodford Investment Management had increased to a more than 24% shareholding, a “Trading update” from Provident Financial (PFG) today – and, natch, the shares are currently circa 20% lower, heading towards 500p, on the back of it…
I start with a few thoughts on this, the birthday, of Martin Luther King. Then onto the two disasters for the £37 million smug bastard, Neil "nomates" Woodford: Netscientific (NSCI) and Provident Financial (PFG). I look at Big Sofa (BST) and Yourgene (YGEN) , my nap for Q1, then onto Victoria Carpets (VCP) and finally a detailed laook at the fraud that is Eden Research (EDEN).
A “Trading Update” for the four months ended 31st December from boohoo (BOO) emphasises “Strong revenue growth of 44% (43% in constant exchange rates) across all geographic regions” (to £328.2 million), “Gross margin for the four months 54.2%, up 170bps” and “Strong balance sheet with net cash of £189 million (31 December 2017: £127 million)”. The shares have currently responded, er... more than 7% lower towards 180p…
There is good news and bad from Telit (TCM) today. But overall the company founded by mortgage fraudster & fugitive from US justice Uzi Katz, who is under FCA investigation and still pulling the strings, remains a total bargepole at 132p.
I see that AIM-listed Haydale (HAYD) has released yet another RNS Reach to tell of an eighteen month supply agreement. The shares have jumped once again, by 12%, But, of course, it is an RNS Reach and thus should be viewed as a marketing, rather than anything significant such as mega-earnings.
Some fools were buying shares in Flybe (FLYB) at up to 4p yesterday on the hope of a counter offer to the 1p a share Virgin/Stobart (STOB) bid. Fools. They should have followed the sage advice of ShareProphets. Today Flybe has knocked all that on the head and the shares have crashed to 2.57p. They are still 150% or more overvalued.
Another trading updates fest today...and three in particular capture my attention. Suffice to say it is nothing about the fourth quarter 2018 trading updates the various names are reporting on but all about what is going to happen this year. After all, the stock market is about looking forward not backwards... First, back to the housebuilding sector and Persimmon (PSN)…
Hat tip to Gary Newman for spotting this gem from the LSE Asylum. Meet gilogilo.
In June, previously writing on Revolution Bars Group (RBG) I questioned short of expectations in every conceivable weather environment?. Now a Christmas and half-year to 29th December 2018 trading update…
Hello Share Crashers. Everyone knows that unless we find new antibiotics, the world will be in an awful mess. The bugs that kill us are becoming immune to antibiotics because we have over-used them. What we need are different antibiotics which germs have not had the chance to get used to...
Well so much for a slow housing market! It looks as if it is full steam ahead on a move to the Grim North! Away from that, in today's podcast I look at Revolution Bars (RBG), Photonstar Led (PSL), Debenhams (DEB), Flybe (FLYB), Gear4Music (G4M) and Goals Soccer Centres (GOAL). And I commend to you Gary's fine piece on Eqtec (EQT).
In September, previously writing on Goals Soccer Centres (GOAL) I noted it stating “trading in H2 has started well” but also US and financial risk – and concluded to continue to avoid. Now a “Post close trading update” – and the shares currently more than 15% lower on the day, towards 60p…
Over the weekend I covered a waste-to-energy company called Eqtec (EQT) and surmised that it was going to need funding very soon, and this would most likely come in the form of a discounted equity issue.
AIM-listed Haydale (HAYD) is still seeing its management selling shares and another institution seems to be bailing out. Of course, we know that Haydale needs a placing and it is only a matter of time before the £3.2 million black hole in the balance sheet as predicted by paid-for researcher Hardman (so I’ll bet it is more) has to be addressed.
OK we are a couple of weeks later than I predicted, but AIM-listed jam-tomorrow Internet of Things investment company Tern plc (TERN) has announced yet another convertible loan to its principal investee Device Authority this morning. Tern may be pleased with the progress that DA continues to make with its partners, including the recent contract secured with a leading medical device manufacturer (as announced on 27 December 2018) but clearly DA is still burning cash at a prodigious rate!
AIM-listed Ariana Resources (AAU) released Q4 gold production numbers this morning – exactly as predicted HERE yesterday. Even better the numbers were pretty much in line and the shares have responded higher – not quite a bottle of ouzo yet, but it looks to be well on the way.
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