AIM-listed Tern plc (TERN) has issued a portfolio update RNS this morning, but that is not the story. It waxes lyrical about how well Device Authority is doing – but what about the $10m fundraising? Step forward the Statement Re Issue of Convertible Unsecured Loan Notes and Loan To Device Authority for that is where the real beef is. It’s not pretty.
Twitter and the bulletin boards were awash with people saying how great the Blenheim Natural Resources (BNR) news was this morning, but having had a good read myself I think they may have been over-egging it somewhat!
Shares in veterinary group CVS (CVSG) are currently sliding despite an AGM Statement commencing “the board is pleased to announce that in the four month period ended 31 October 2017 the group's total sales grew by 20.6% and like-for-like sales grew by 4.3% compared to the same period last year”…
I shall cover the abject results from fraud MySquar (MYSQ) in detail later. But first there is the matter of why the souls of CEO Eric Schaer and chairman Piers Pottinger will burn in hell. They are men beneath contempt - I refer you to a statement in today's numbers relating to events in Myanmar.
Versarien (VRS) has announced results for its half year ended 30th September 2017 and despite emphasising that - with “revenues having increased, losses halved and high levels of interest in our graphene products” as well as a successful recent net £2.8 million placing - “we are viewing the future with much optimism”, the shares have responded approaching 12% lower below 40p. However, this still compares to sub 20p earlier in the month and little more than 11p at the commencement of 2017…
Our in house poet EJ Somerville-Thribb, aged 17 3/4, offers up a few words on the departure of the CEO of the London Stock Exchange (LSE):
At the moment no matter what level of debt America carries, other countries need dollars. Dollars to pay for oil, since global oil is traded in dollars and dollars for their financial system so their banks can settle contracts for goods and services traded in dollars. But over the last few years China has been systematically putting in place everything it needs to launch the Yuan not only as a rival to the dollar in trading and settling oil contracts but also as a rival to the dollar as the world’s reserve currency. At the moment the only rival to the dollar is the Euro and that is failing.
As he only visits those boys and girls who have been good this year I guess that Santa will once again feel no need to drop in on the Landau household, headed up by Pirate Pete of Range Resources (RRL) and many other companies, infamy. But for the rest of us there is an early present with news that the Pirate is in Court again. Happy days.
Digital retail technology and enterprise software group Sanderson (SND) has announced results for its year ended 30th September 2017 and that “a healthy order book and good sales prospects provide the board with a good level of confidence that, at this relatively early stage of the new financial year, the group will make further progress and deliver trading results which are, at least, in line with market expectations for the year ending 30 September 2018”…
Hello, Share Plungers. It’s reasonable to keep you up to date on shares I’ve been writing about positively. This is especially enjoyable when the stock in question is probing new highs. Because then the question arises, is it now time to take profits?
I start with a few comments on the thoughts of top broker Andrew Monk who is normally bang on the money but on a couple of recent points wrong. Then it is onto Conroy Gold & Natural Resources (CGNR), Karelian Diamonds (KDR), Fishing Republic (DOG), Bushveld Minerals (RAMP) and ITM Power (ITM).
AIM-listed (and no longer on Ireland’s ESM market) Conroy Gold and Natural Resources (CGNR) and Karelian Diamonds (KRL) released full year results this morning. It is a double set of Red Flags for these two lifestyle companies of Prof Richard Conroy – and despite the latter having been floated off by the former, more Red Flags come into play with related party transactions. But the biggest sin of all is treating your own shareholders as utter muppets, which is where I start.
A trading update announcement from tool and equipment group HSS Hire (HSS) is headlined “Decisive actions return Group to profitability” - and the shares have currently responded higher. However, down from above 80p at the commencement of 2017, they are only up 1p presently on the day at 29p…
The chart of UK Oil & Gas (UKOG) looks truly sickly. It might well have been a Zak Mir charting buy it looks that bad. However much paid promoters like Malcolm Graham Wood and the (dwindling) armies of its BBM fans say buy, the trend is clear. So how about a Christmas contest?
I’m warming to the current board of BOS Global (BOS) and the transparent way that it is dealing with the chaos left behind by Michael Travia. The latest Corporate Update gives some hope for the future with hints at rescue funding, although I doubt it will be at anywhere near the current share price.
Cyber security services group ECSC (ECSC) has updated “following the successful completion of the previously announced cost reduction programme and having secured two significant managed services contracts” - and the shares are currently racing higher…
OptiBiotix (OPTI) has announced that it will be seeking shareholder approval to undertake a share capital re-organisation to allow the company to make future dividend payments. This is an accountancy matter - you can't pay dividends if you have retained losses. It is a clear statement of intent.
In a private email sent today after interim results from the rampers favourite B ushveld Minerals (BMN) a top broker has called the shares out a s slam dunk sell at 7.625p arguing that they are worth only 2p and that the current death spiral funding will run out soon. He writes:
We are now a day from the end of November and STILL ShareProphets Aim-China Filthy Forty play Aquatic Foods (AFG) has not published its FY16 accounts, which are now a day short of five months late. Also outstanding are this year’s interims, which should have been out by the end of September.
Yesterday's interims from BCA Marketplace (BCA) dazzled investors and the shares bounced back to 217p - almost where they were before I published THE BIG SHORT. But if you do some number crunching...
Nigel Wray's family buys the UK Investor Show, confronting the new takeover code, five buy share tips (and three sells), plus what are they drinking in Scotland?
Advanced materials engineering group Versarien (VRS) floated on AIM at 12.5p around four years ago. Its plan then was to commercialise a process called Lost Carbonate Sintering, the brainchild of a Dr. Zhao of the university of Liverpool. More recently it appears to have shifted its focus to graphene products.
Tomorrow we will run stories on 2 AIM listed companies showing evidence of wholesale lying and worse. I will show why even a small lie matters and why the real scandal is that in case 2 this is a leopard who is re-offending and the weedy spineless poltroons at AIM Regulation knew of his character before allowing him scope to re-offend. I also question why Gavin Burnell of Globo infamy is allowed to remain as a fox inside the regulatory chicken-coop while investigations into that fraud continue.
Fox Marble (FOX) has announced that it has received an unsecured loan of £500,000 from Roy Harrison OBE, a non-executive director of the Company - The interest rate is a very reasonable 5% and the loan can - and will - be repaid within two years.
Excuse the late Bearcast but my journey back from my father's in Shipston in the snow covered Cotswolds was long and eventful as I discuss in this podcast. In a valley on the Road between Stow and Cheltenham I took part in and saw the best of selfless Britishness, folks acting with a true Christmas spirit. And also the worst, in spades. The photos give some idea of the scene as I explain what went on. Normal service resumes tomorrow.
I smiled wryly at the announcement on Thursday from YOLO Leisure and Technology (YOLO) about its investment in Magic Media Works, the manufacturer of the Electric Jukebox / ROXI as, once again, it makes the Daily Mail look pretty silly and one wonders whether its “financial journalists” ever ask a probing question before just publishing whatever is served up to them by corporate PR.
Further to yesterday’s piece on Milestone Group (MSG), it gets a bit more serious today as any Milestone shareholders should think very hard about whether they want to get into bed with Black Cactus and Larry Cummins as he looks like an A1 prize bull-shitter to me.
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...
Hello, Share Smilers. At the end of the week, the Footsie gave us an early Christmas present of 73 points. 0r 1%. Yet, I don’t think the big index has finished yet with its traditional Yuletide gifts. The Santa Rally, rather late as usual, is now upon us.
BOS Global (BOS) is teetering on the brink of insolvency while the company's founder Michael Travia also tries top oust current directors led by serial fuck-up merchant Adam Webb. I have now seen letters sent by those very close to the situation which act as a second source for me of the most damning allegations about Webb who should stand down at once and never be allowed to run a public company again.
You may remember that the hand of God (i.e. hurricanes) derailed the artisanal gold mines in Honduras which were set to supply gold to the Black Sands gold trading operation of Wishbone Gold (WSBN). We now have an update.
A couple of pieces this weekend on one of the Blockchain Buffoons, Milestone Group (MSG). First a light-hearted look at what must have been a dispiriting clear-out this week of the ex-CEO, Deborah White’s mess and then tomorrow a more serious piece that I would urge all Milestone shareholders to read. First though, the (more amusing stuff.
Accrol (ACRL) has announced General Meeting refinancing approval – and the shares have responded 5.5% higher to 43p. However, I remind there are still significant reasons for caution here…
Another week where 7 out of 10 of the top articles are videos or Bearcasts. That's fine by me, it's a USP of ShareProphets membership and I'm glad that people are using one of the defining things of our site in such numbers.
Metal Tiger (MTR) has announced “encouraging early results of T3 underground project mining study” in Botswana and a Water & Environmental Monitoring Program in Thailand…
AIM-listed Tern plc (TERN) seems to have a spot of explaining to do – or, more particularly, its CEO Al Sisto. I refer to the presentation on the website of US Capital Partners in relation to the (so far failed) attempted fundraise by Tern’s principal investee Device Authority.
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