The world’s number one mining analyst Roger Bade of Whitman Howard does not mince his words and if you are unlucky enough to be a shareholder in New World Resources (NWR) read what follows and watch out.
Alecto Minerals (ALO) wins today’s prize for the most misleading announcement with an RNS headlined “”£1 million placing and funding arrangement”. Has Alecto just secured an additional £1 million? Like hell it has. And is it “pleased to announce” this deal. Also like hell it is. It is desperate for cash and this is really last gasp death spiral stuff.
We must assume that the Indonesian government is big on the rule of law, as big as the UK government is on throwing anyone with even a half baked charge against them over to the US authorities for prosecution, I have always suspected that Churchill Mining’s (CHL) battle against Indonesia has been somewhat one sided.
Bear raider Evil Knievil started shorting LED Company Dialight (DIA) at 1200p three weeks ago and I wrote at the time that I agreed 100% with his analysis. The stock has opened down 33p at 1033p today after a less than impressive trading statement. Evil says he is “delighted”. We both expect the shares to slump to 600p in due course. Here’s why.
Another day and another missive is issued by the board of Hibu (HIBU) ahead of its EGM on 4th December. Rebel shareholders are trying to oust the overpaid and under-delivering board and oppose a restructuring which will see shareholders lose 100%. I have noted before how the actions of the board in employing uber-expensive bully boy lawyers to try to scare off the rebels are despicable.
Hello Share Movers: The old shares have been a bit dull this week and although the Footsie has been flat a lot of the time, my portfolios have suffered quite a lot.
Do as the central bankers do not as they say ( as the two are far from the same) is the latest theme from the world’s best known resource investment group Sprott. Market strategist David Franklin writes:
The Q3 data from pump company Weir (WEIR) provided some comfort for those of us looking for a recovery in orders amidst the continuing apprehension about low demand from oil & gas, mineral mining and power generation and other industries.
Shares in provider of healthcare and business management software and IT services, Advanced Computer Software Group (ASW) currently trade at 92p following interim results announced last month. The following updates post a September piece HERE (with the shares then at 86.25p).
At a current 9.125p, shares in advanced plastics and recycling technologies company Symphony Environmental (SYM) trade at levels seen only recently since March 2012. The following updates with the shares already well ahead since being added to the Nifty Fifty ‘Penny Shares’ portfolio at a 6.75p offer price in September and written on HERE later that month…
My good friend Domic Picarda may look like a debt collector with menace but as a columnist on the Chronic Investor and Financial Times he has a great reputation as an expert on technical analysis and spreadbetting. He is of course a speaker at the UK Investor Show on April 5 and we have THREE books by Dominic to give away free to Shareprophets Readers.
The latest cunning wheeze from the Labour Party to create unemployment and send small businesses to the wall is the “Living Wage” – it is madness writ large. It will not reduce poverty it will create it.
Meggitt’s (MGGT) interim statement, which came out of a clear blue sky, was not on face value, a profits warning born out of significant longer terms problems. Indeed, was it a profits warning at all?
Few bulls of Plethora (PLE) included the sainted Jim Mellon will have been complaining about recent share price performance. There may be more to come.
Centamin (CEY) is a stock that holds a special place for many private investors in the sense that almost all of them claim to have had the good fortune of being lined up for the shares from well below the current 50p zone. Well here is some good news for you all.
What next for AIM Cesspit posterboy Vialogy (VIY)? At this stage it is not clear but I am aware that the wheels are a turning. It seems as if Terry “Junk” Bond may have paid some attention to my open letter of last week.
The first half results from Marks & Sparks (MKS) were positively received by the market with the shares at 507p a share last seen. So what next?
If you are a gold bug should you invest in small cap explorers? Not necessarily. That is the message from Eric Angeli who works for the world’s best known resource investment group, Sprott. In Sprott’s latest newsletter all is made clear.
Hello Share Mites: You and I need to get a lot more ruthless with our shares We hang onto them for too long, as it becomes very obvious that all they ever do is hang about at old values.
For the life of me, I cannot find any current fact to justify the share price of Associated British Foods (ABF) – 2204p.
Following complaints from shamed share ramper Roger Lawson, ADVFN has insisted on a raft of new editorial controls on OneFreeShareTip.com. I did not re-start my life five years ago to be told what I could or could not write. I said no and ADVFN boss Clem Chambers has just said that the website will be shut down. So...our hand is forced ... Welcome to fivefreesharetips.com - we hope you join NOW HERE.
As seen here, Telit's (TCM) distributers are a, um, diverse lot, including a distributer in Vietnam that appears to be a scooter courier firm. Which is nice, and thank you for sponsoring this week's Bulletin Board Moron search.
The failure of the LSE to insist that hapless Nomad FinnCap forces Telit (TCM) to bring in a firm like KPMG to conduct a full forensic review will hurt it even more when this company goes tits up as I noted in a letter to Stock Exchange boss Donald Brydon earlier today HERE. Two sources tell me that the FBI may have bad news for the Boston fraudster Oozi Cats and his Mrs as I explain in this podcast. But the meat of the podcast is explaining why Telit will go tits up and why that could be within six weeks. Enjoy.
You may remember that at the last AGM of the London Stock Exchange (LSE) its chairman,, Donald Brydon CBE, 'fessed up to being a ShareProphets reader and as we chatted afterwards he came over as a thoroughly decent man. But he has, yet again, been failed by his minions in their handling of the biggest AIM fraud of the year, so far, Telit (TCM). Lowly gofers such as the head of AIM Regulation, the fake Sheriff Mr Marcus Stuttad, have allowed Telit to avoid any independent scrutiny of its accounts & business practices despite clear evidence of fraud. That has to change and maybe Brydon will push for that. I have sent him a letter.
If you read the bent, freebie is our middle name, personal financie columnists in the deadwood press, fund manager Neil Woodford walks on water. I disagree and have noted before, that, maybe, after three dismal years, others are starting to see the light. But, with assistance from a leading broker, how about we have a real look at the Woodford Patient Capital Trust (WPCT) but also at the sort of dogs Neil ifalls in love with.
VSA is house broker to Obtala (OBT) so is not impartial. Neither am I as we own a small number of shares following a Dragon's Den pitch as the 2017 UK Investor Show. But the price target suggests real upside and VSA's research team is well regarded and since we happily published an uber-negative piece from Evil Banksta the other day, this offers some balance. VSA has tweaked its forecasts
You may remember that ShareProphets poster Drunken Sailor and I were co-defendants in a libel case a couple of years ago ( which we won). Mr sailor is not a drunk and he is a great sleuth when he wants to be. My pressing concerns about uber ramped Bushveld Minerals (BMN) are its balance sheet, but DS has unearthed another major issue which, for some reason, Bushveld has not covered in an RNS. Perhaps it might do so now? Drunken's post merits a wider audience:
Like Richard Poulden, CEO of PCG Entertainment (PCGE), I have a bit of time for Brian Kinane at Riverfort. As someone who believes in transparency and clear communication, my view is that Brian is trying to bring some of that to the world of small cap funding, particularly where the dreaded phrase “ death spiral” is concerned and there’s a few points here to be applauded. It still doesn’t prevent the obvious question being aimed at Mr Poulden though – WHY RAISE MORE FUNDS NOW?
Some folks think that handing out share options to senior staff is a cost free exercise and b) benefits all shareholders as it incentivizes the board and also aligns their interests with those of stockholders. Bollocks on all counts.
Following the postponement of a significant contract announced at the end of last month, SRT Marine Systems (SRT) has now announced an “AIS Aids to Navigation Contract”, including that “the order is for the world's biggest single deployment of AIS AtoN”. The world's biggest hey, sounds impressive!…
Having reached more than 75p in May, shares in information management technology and services company Idox (IDOX) declined below 60p early last month before recovering above 65p - then declining towards 60p again. The company is now “pleased to announce that it has acquired… Halarose, a supplier of electoral back office software and services to UK local authorities, for £5.0 million, comprising £3.5 million in cash and £1.5 million in shares” (at 61.5p)…
Hello Share Grafters. The congestion in most of our airports will give you the heads-up that air travel is booming. It will continue to do so, especially as more people from developing countries become middle class. But you may still be wary of big airlines.
After a stack of RNSs earlier this year, it has all gone quiet at AIM-listed Advanced Oncotherapy (AVO) since the announcement of the termination of the Bracknor death-spiral. How’s the cash position?
Drilling services company Capital Drilling (CAPD) has announced results for the first half of 2017, including that an initial uplift in activity has broadened with an improving outlook in industrial metals and capital markets activities support. Why then are the shares further lower, below 40p, having been above 60p earlier this year?...
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...
Previously writing on System1 Group (SYS1), then named BrainJuicer Group, as the shares slid below 700p I concluded there still, despite self-admitted “limited revenue visibility”, a clear lack of a Benjamin Graham ‘margin of safety’ (”for absorbing the effect of miscalculations or worse than average luck” e.g. an earnings miss or negative change in stock market sentiment) and I thus continued to avoid. The shares have though recently been above 800p… until a “Trading Update” announcement today…
In the piss poor results for the six months to 30 June 2017, Telit (TCM) highlighted that it had purchased GainSpan and provided the following rather limited commentary on its contribution to the interim results:
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