This week’s video postcard covers a range of topics. It starts with Vipera (VIP) but also has a Vialogy (VIY) revelations. Tom Winnifrith then moves onto the UK economy and what that says about which stocks to buy.
Two weeks ago I was getting unmitigated abuse on the Vialogy (VIY) threads from Bulletin Board Morons. Life moves on and having been 100% vindicated on this one (I first said sell at 2.25p predicting that a greedy board would run the stock onto the rocks – they have and the shares are now 0.45p) the abuse is largely for Terry “Junk” Bond, the liar who trousers £100,000 a year as a waste of space chairman, and his colleagues.’ It is always the way.
Hello Share Shifters: The CBI, who're usually a rather gloomy lot, say that British growth should not only register in the near future, but might actually rise quite high.
We had 500 free copies of my new Amazon listed book, the 49 Golden Rules for making money from shares, to give away. But after less than 48 hours we now have less than 200 free copies to hand out. To get your free copy act fast by clicking here.
Hello Share Twiddlers: The British banks are a complete nuisance for armchair investors like us, aren't they? The share prices will just not get going – even though their value- when compared to pre-credit crunch days – are very low indeed.
I first commented on this website on specialist commercial lender GLI Finance (GLIF) with the shares at 49.5p in August. The following updates with them currently at 52.25p on the back of an update for the quarter ended 30th September 2013.
Oh dear. I guess that in another corner of the AIM Cesspit I appear to have been struck of yet another Christmas card list. As I ruin the weekend and cunning plans of Vipera (VIP) PLC I guess its finance director Martin Perrin thinks I am a bit of a shit. I guess the Nomad and broker, the chubby and pompous Roland Cornish won’t be very pleased with me either. RESULT.
It has not really been a year to savour for investors in Victoria Oil & Gas (VOG) like Fatty Cawkwell. The shares have more than halved halved since the initial 2.4p peak of January.
Yesterday, were published third quarter results of speciality chemicals Croda Group (CRDA).The price dropped like a proverbial stone: so I assumed that they would be pretty un-edifying and hard to read? To my surprise they were nothing of the kind. Maybe the share price fall was telling us more about the market than the share?
Since my update last month shares in IT security technology, professional and managed services company Accumuli plc (ACM) have continued to search higher and it has today issued and allotted 6,770,832 new shares as part-payment of the contingent consideration for June 2012 acquired EdgeSeven. The following updates, with Accumuli shares currently trading at around 20p.
UK telecommunications services provider AdEPT Telecom (ADT) has been another winner on the Nifty Fifty website and I first commented on the shares on this site in April – concluding that the valuation still looked far from demanding despite a share price rise to a then circa 85p. I later updated in August with the shares by then having reached 146.5p and the following reviews, with the shares currently at 136p, following results released earlier this week for the company’s half year ended 30th September 2013.
Given the way that there is only just over six months of price data as far as the daily chart of Falcon Oil & Gas (FOG) the charting call is hard. But I am a man for hard calls and the stance is buy.
I has been informed by a reliable source that AIM listed tech stock Vipera (VIP) is undertaking a placing at 6p a share. If you are minded to buy in the market at 11.6p you might wish to resist the urge. I spoke to the company:
The U.S. Comex gold futures rebounded 0.28 percent on Wednesday but plunged 1.90 percenton Thursday to $1,323.70. The silver futures fared even worse, tumbling 4.86 percent on Thursday. The Dollar Index rose for five consecutive days and ended at 80.195 on Thursday, climbing 1.28 percent in that period.
Gable Holdings (GAH), the non-life insurance company underwriting a range of specialist policies for the commercial sectors in the UK, Denmark, France, Germany, Italy, Norway and Spain, has announced that it has raised a gross £10.7 million via a 55p per share placing as “with the additional solvency capital in place, Gable is in a strong position to benefit from a number of opportunities to grow the business”. The shares are now 62.25p & I tipped them at a 45p offer eleven months ago on The Nifty Fifty.
Hello Share Shovers: Rather stupidly, I hold far too much of my money in just one share. The stock in question is BG (BG.) This is the liquid gas company which used to be British Gas a long time ago, That company split into several bits, one of which is Centrica.
AIM-listed, Indonesia-operating gold company Archipelago Resources (AR.) has announced that a 58p per share offer from major shareholder PT Rajawali, an Indonesia-based regional investment company, has now gained valid acceptances of 74.38% of the shares to which the offer relates and that Rajawali now has an 87.92% shareholding. The following updates on the situation at a company I first looked at on this website with the shares at 48.5p in April.
Whatever ones view of Urals Energy (UEN) as an investment its corporate shenanigans are, at least, highly entertaining.
David Franklin, the chief strategist of the world’s leading resource investment group Sprott argues that PGM prices – right now in the doldrums – could be set to soar and that investors should position themselves accordingly. The key? China.
Iofina (IOF) has been perhaps only second to Quindell Portfoliio (QPP) in terms of delivering a most painful journey for 2013. But after the mega wobble in June the shares have now settled down. It is no longer a white knuckle ride.
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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