I see that shares in URU Metals (URU), a company run by John Zorbas which Cynical Bear observed seemed to be more interested in mining its shareholders than digging anything of value out of the ground, have dropped to just 80p to sell. This is in the wake of the disgraceful fundraise at a massive 57.5% discount (which was advertised as a 24% discount) to its previous 200p share price. That is bad enough, but there are implications of far worse to come.

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

In its FY19 report and accounts, Schroder UK Public Private Trust (SUPP) – the former Woodford Patient Capital (WPCT) announced a NAV per share of 49.46p per share. With a hotchpotch of cash-guzzling investments, no income and an almighty overdraft, even before the impact of Covid-19 it was clear there would be casualties to come, and it largest holding was the joke that is Rutherford Health (RUTH) whose valuation is clearly absurd and only supported by Neil Woodford’s policy of overpaying, it was clear to us at ShareProphets that the stated NAV was a total fiction. Now the former Woodford Equity Income Fund (WEIF) has dumped its entire stake.

Hello Share Mixers.  When it first became obvious that the virus would cost the UK a huge amount of money, shares plummeted. But since then, though the death toll has risen, shares have been slowly recovering. Is this rally justified or will another decline come, as more news releases showing the true scale of coronavirus damage?

I first warned on shares in Tissue Regenix (TRX) in October as they fell below 3p and most recently above 1p earlier this month, noting still a required fundraising ahoy. Today an announcement; “Confirmation of successful fundraising”...

I start with Monkey defending the whore blogger Malcolm Graham Wood. With reference to today's disastrous news from Hurricane Energy (HUR) and the fraud Frontera (FRR) I discuss why he is so wrong to do so. Then I look at Open Orphan (ORPH) and today's fund raise and what to make of it all. Finally, after a few jokes about an IRA man at the garden centre, I move onto the final demise of InternetQ/Akazoo. This weekend sees the first long training walk as a lone rogue blogger for Woodlarks. I am now at 25% of the target to raise, please help me get to 33% by Sunday by donating HERE. 

Back in July last year  I sold a big chunk of my holding in the luxury goods company Burberry (BRBY) holding.  By the end of last year I had exited completely.  More recently I have reestablished a position and even tipped the stock at the recent online ShareProphets event.  Was this wise or chavtastically silly?

Another month goes by and once again I find myself commenting on Hurricane Energy (HUR). I highlighted my concerns about the technicalities of the production from the Lancaster field in my interview with Tom Winnifrith at the Shares Conference and well as in articles on this site. Todays disastrous RNS confirms my concerns are very valid.

This was a tip of the year at a 4.6p offer. I told folks to sell at 10p+. I sold just under half mine at 10.55p and warned I’d sell more at 15p which I did. So my holding is now relatively smalla nd as such I make a couple of observations about today’s fund raise which strikes me as utterly opportunistic but the right thing to do when the shares had got well ahead of themselves.

KEFI Minerals (KEFI) has updated its investors with news including that it “is pleased to advise that the National Bank of Ethiopia, Ethiopia's central bank, has now approved the signed term sheets with the project finance banks who are expected to provide the long term development debt finance to the company's Tulu Kapi Gold Project” and “received confirmation that the National Bank of Ethiopia has now registered the past investment in the project”. These are significant steps...

“Zinc Media Group plc (AIM: ZIN), the TV and multimedia content producer, is pleased to announce good progress on its transformation plan during the current Covid-19 pandemic with £2.5m of new business won since lockdown began, and a growing pipeline of proposals which can be produced under social distancing rules, across its TV labels”. However… I previously concluded on the company that I continue to await its “pleased to announce” updates to show in the financials – and the shares have currently responded to its latest more than 5% further lower...

Those who read my From Athens with Love dossier on InternetQ (INTQ) in 2015 when it was AIM listed will have been in no doubt that its users and sales were pure fiction. Today there is final vindication for me, this is yet another massive fraud from Greece.

We recommended shares in tobacco and ‘next generation’ products smoking company Imperial Brands (IMB) amidst the market instability in early April – noting trading performance resilience although we regarded a dividend cut as almost inevitable. The company has now announced results for its half-year ended 31^st March 2020 – and there’s subsequently been a new addition to the shareholder list...

Hello Share Mashers. At the much talked about Shareprophets show - at which you can still subscribe for diamond tips - I was asked to provide six ideas. Pleasingly, most of them have seen rising share prices since. They include Creightons (CRL) – it’s still pushing record highs as it benefits from the boom in handwashing...

Over the weekend I hope to bring you photos of a semi complete strawberry patch here at the Welsh Hovel and also of my first long training walk for Woodlarks. I donated £1000 yesterday and young Steve Moore also made a generous gift so we are now at 24% of the £48,000 we need to ensure Woodlarks survives. Please donate HERE. In the podcast I look at Whitbread (WTB), Catenae (CTEA) and at where we are in the gold shares buying cycle, referring to three I own and am very excited: Bluebird Merchant (BMV), Kefi (KEFI ) - no sniggering at the back please - and Xtract (XTR). Again no sniggering.

I previously wrote on “the UK's largest integrated property services group, including the largest estate agency and lettings network”, Countrywide (CWD) in March, questioning “confident in the strength of the underlying business as an independent company”. Now results and a ‘COVID-19 update’...

This gives me real pleasure. Dismissed as a “blogger” by some patronising tossers in the Newspaper world I enjoy seeing our readership here at ShareProphets steadily climb. Moreover we operate on a business model that Fleet Street would find hard to understand. Folks want to access our content so pay for it and our revenues exceed our costs. We innovate and hope to continuing growing to top line so we can invest in content you can't get elsewhere. Meanwhile newspaper print circulation data for April is out. Ouch.

Covid-19 has had a big impact on many companies and quite a number of them now look priced to pretty much completely fail and go bust.

That monstrously overvalued jam-tomorrow AIM-listed investment company Tern plc (TERN) did not announce or explain why its Auditor disappeared is already a Red Flag. But looking through the Annual Report prepared under new Auditor Nexia Smith Williamson raises more questions – and a huge giant-sized Red Flag for this particular non-auditor.

Writer David Skarica feels that the markets are plateauing at this level and will roll-over later this summer when people realize that the return to normal is anything but normal. David makes comparisons with today’s charts to Japan in the 90s.