AIM-listed Conviviality Retail (CVR), the UK's largest franchised off-licence chain, which includes the brands ‘Bargain Booze’, ‘Select Convenience’, ‘Thorougoods’ and recently-acquired ‘Wine Rack’ has updated that for the 26 weeks ended 27th October it “has traded well… and continues to perform in line with market expectations for 52 weeks to 27 April 2014”. The following reviews the trading update and those market expectations ahead of 20th January scheduled interim results.
I updated last week (see HERE) on UK telecommunications services provider and an early 'Nifty Fifty' winner AdEPT Telecom (ADT) following its release of results for its half year ended 30th September 2013. Does a shareholding announcement today support my conclusion of then or not?
We are approached by all sorts of spread-betting firms to partner up with them. After one not so great experience I am very picky about who we deal with. And so I am delighted to say that we have kissed the frogs and without reservation teamed up with ETX.
International digital communications group, Next Fifteen Communications (NFC) has announced results of a year (to 31st July 2013) when it has been particularly troubled by its ‘Bite’ agency. With the shares at 73p, the following updates following my previous analyses HERE and HERE.
"Oh dear" is probably the best colloquial description of the recent history of would be potash miner Sirius Minerals (SXX). There may well be more “oh Dear’s” to come.
Caza Oil & Gas (CAZA) has today stated that it is “pleased” to have secured a $4.3 million convertible loan from Death spiral provider Yorkville. Bollocks. At all levels. It is pleased in the same way that you are “pleased” to pay a speeding fine. Caza has no choice.
During the past five years, it has been difficult to feel any sympathy for the leading UK banks. This is even before we knew all the scandals such as Libor, or even had to swallow the implications of moral hazard in terms of the bailouts, or the unfettered immorality of awarding seven figure bonuses to the individuals working at loss-making entities.
I tipped Enables IT (EIT) a few weeks ago at 37p on this website. Following a £2.5 million placing at 36p and a US acquisition announced yesterday the shares are now 40.5p. There is a lot further to go.
Hello Share Fans: The big UK banks keep on dropping. Well, maybe not all of them. The Honkers Bankers (HSBA) reported some good figures on Monday – and the shares duly rose between 2 and 3 per cent.
Grafenia plc (GRA), the former Printing.com, has reported results for its half year ended 30th September 2013 noting that its planned transition to a more Software-as-a-Service type business “is taking longer than we would have initially envisaged”. That makes the stock a sell and here's why.
AIM-listed software and services company IDOX plc (IDOX) has warned that “it will fall short of its May 2013 EBITDA guidance for the full year by up to 20%”. This comes after a May profit warning and forecast downgrade and the following updates with the shares currently trading 16.5% lower on the day at 31.75p.
‘Where are we?’ and ‘what next?’ are eternal cries of equity investors as they stumble, like troops lost in battle, between foggy dells and thickets. It is always impressive how recent economic and political events become like ancient history in no time at all.
Another day and another apparently positive statement from Sirius Minerals (SXX) as it tries to maintain interest to keep its equity drawdown death spiral going. But as ever the maths are not all that supporters might have hoped for.
Hot Stock Rockets tipped AIM listed travel, leisure and Greel Property group Minoan (MIN) at 6p here on 17th October with a Christmas price of 10p. The shares are now 6.875p in the middle but we re-tip it strongly today on the basis that something may be afoot in Greece. Our target price may be far too low on that basis.
I have previously noted on this website that the latest version of the turnaround promise at Blavod Wines & Spirits (BES) was at last perhaps one worth monitoring but have been put off from too positive a stance due to the possibility of a fundraising being needed. With this now having been undertaken, the following updates post the company’s today-released results for its half year ended 30th September 2013.
The daily chart of perennial share issuer Sareum (SAR) shows that the fall in the share price since the February breakdown has been an intense one. Fear not: there is worse to come.
Following the publication of interim results last week by Advanced Computer Software, commissioned researcher Edison has published a bullish note with the shares at 90.4p.
Nothing in the stock market is certain, apart from uncertainty itself, the recent charting history of San Leon Energy (SLE) shows how the bulls have really been in the backseat on the technical front for months, if not years. Things may be changing.
Legendary bear raider Evil Knievil says that he has backed two horses to win in tomorrow’s Melbourne Cup in Australia.
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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