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FDP

Table of shorted AIM shares - week to 13/09/2019

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

ICON
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Iconic shareholders are morons: see you in Court Bitchez

Anyone who owns shares in a company that tells demonstrable porkies, via RNS, is by definition a moron. And, after events this week, that clearly includes shareholders in Iconic Labs (ICON). But they do not like the demonstrable falings of Iconic being pointed out to them and a small band of lunatics have taken to twitter to attack me.

Bear
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5 slam-dunk sells for 2019 – September update as another heads for the trap door

I’ve already waved bye-bye to Haydale (HAYD) when it collapsed earlier this year on a massively discounted rescue refinancing – as long predicted by yours truly – saw me call it a win. Now it seems that Walcom (WALG) is finally heading for the corporate knackers’ yard next month, unless some miracle happens and the shares are down to just 0.25p. That will be two out of five if/when (with emphasis on the when) it happens. All hail the ShareProphets AIM-China Filthy Forty, from where it made this year’s sell list.

Malcolm-On-Motorcycle

A Very Basic Lesson on How Not To Waste Your Time With Your Shares

Hello, Share Smackers. Keeping a careful watch on your shares is a complete waste of time. Yes, I know a lot of folks will throw their hands up in horror at this view. Most serious analysts stress that we should keep all our companies under constant review.

IKA

Ilika – after more ramptastic stuff from long-time loss-making Purdy & the bonus people… Bonus Share Options!

Writing on self-styled “pioneer in solid-state battery technology” Ilika (IKA) earlier this week I noted more ramptastic stuff from long-time loss-making Purdy & the bonus people. Now a “Bonus Share Options, Exercise of Options & TVR” announcement. Who are these ‘bonus share options’ for then?...

EU_flag
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#BoycottWetherspoon fails again: great FY numbers and heroic Tim Martin lashes out at Brexit blocking elitists

So much for the #BoycottWetherspoon campaign. Its value pricing and support for British products and democracy are serving it well. Full Year numbers out today impressed (despite the Boycott campaign sales went up by 7.4%). And chairman Tim Martin again stepped up to the plate and is our hero of the day for sticking it to the elitists who wish to block Brexit because they know better than we dirty 17.4 million plebs. The great man, Tim, opines:  

CCT
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Character Group – toys thrown out of the pram

As it is a Friday, a short quiz. How many of the following do you recognise: 'TekstaChill FactorThe ZelfsDoctor WhoPeppa Pig, Fireman SamPostman Pat'? If you got more than four...then clearly you have a young child in the house as these are some of the key brands for toys company Character Group (CCT)…

Bearcast
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Tom Winnifrith Bearcast: Friday 13th is not a good day for the Toxic Brothers: Dave Sefton and Neil Woodford

There is some macro babble focussing on the woes of the EuroZone, why Malcolm is wrong about housebuilders and other matters. I look at Woodford Patient Capital Trust (WPCT) after yesterday evening's shock news and ask when it breaches gearing limits and what happens next. I touch on i3 Energy (i3E) then look at the shock departure of Dave Sefton from Anglo African Oil & Gas (AAOG). He should have been fired sooner and what happens next? And what does this mean for Iconic (ICON) which I mistakenly refer to by its former name of Widecells and where Sefton still casts his malign influence as a director.

Collapsing-Reactor

Redemptions Watch: Woodford Equity Income falls and Thin Film finally dumped

Yesterday the FTSE All-Share – Neil Woodford’s benchmark for his Equity Income and Income Focus funds – was more or less flat. Income Focus put on 0.11% in NAV per unit, but Equity Income lost an impressive 2.09% to take it back down to £3.1 billion of assets. Over at WPCT we had after-hours news at twenty past six in the evening of yet another write-down (an un-named company) which knocked 5.5% off NAV as the bad news kept on rolling. But in the wake of a lending facility, Oslobors-listed Thin Film (THIN) shot higher and Woodford offloaded his remaining holding into the rise as announced at no-one-is-watching o’clock last night (twelve minutes past five).

I3E
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I3Energy: If I need clarity, then so does the Nomad! Still uninvestable!

I3Energy (I3E) has caused Gary Newman and then I to comment. It’s also caused the Nomad and Broker WH Ireland to comment. I called for the company to clarify what the heck was going on and it looks like WH Ireland agrees with me- it seems to have no more idea than I do! How can the company’s nomad and broker decline to put any value on the equity? Perhaps fair equity value is less than the debt? What a farce!

WPCT
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Red Flags at Night: Woodford Patient Capital hit as Link slashes yet another valuation

Link Fund Solutions is, we are told, responsible for the valuation of Woodford Patient Capital’s (WPCT) portfolio of unlisted and other dogs, with the help of valuation firm IHS Markit. Since the gating of Neil Woodford’s Equity Income Fund (WEIF), Link has got its hatchet out several times and the official NAV per share of WPCT has dropped sharply from 89.61p as at the end of May to yesterday’s lowly figure (as at the close of play on Thursday) of just 72.85p. The last notified hacking was on 23 August (Industrial Heat) and saw 3.4p per share wiped away at the stroke of a pen. Last night at no-one-is-watching o’clock (6.20pm) another 4p disappeared from view. It is death by a thousand cuts.

CTEA
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Catenae Innovation looks even more screwed after a profit warning and with funding needed 'in the near future'!

I’ve never been able to see any value in Catenae Innovation (CTEA) and haven’t been surprised to see the share price collapse, but an attempt to give it a pump now seems to be underway – which I’d expect given that a placing can’t be that far away!

BVS

Another Big Builder Builds Big Profits - Yet the Share Price Lags Behind

Hello Share Chasers. My series of recommendations to buy into house building expands today to take in Bovis Homes (BVS). Yes, there are doubters - including some on this legendary website - but builders continue to post encouraging numbers and Bovis is the latest firm to improve. And yet the share price initially fell on its half-year results...

Bearcast
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Tom Winnifrith Bonus Bearcast: Financially illiterate journalists like Carole Cadwalladr and Neil Woodford's cunning escape plan

Evil hedge funds backed Boris as they were betting heavily on shares to crash claims the crazy cat woman Carole Cadwalladr to rapturous applause from fellow financial illiterates. No doubt the BBC will lap thus up but the only problem is that it is completely untrue. It is fake news. I discuss this plus a cunning escape plan put forward for Neil Woodford's Equity Income Fund. But there are snags.

AMPH

Aggregated Micro Power – emphasises “re-affirms its previous guidance”… but it can’t re-affirm what it’s previously reported!

“Aggregated Micro Power Holdings plc (AIM: AMPH), trading as AMP Clean Energy, the specialist provider of distributed heat, power and renewable fuels… re-affirms its previous guidance made on 11 April 2019 in respect of the annual results to 31 March 2019; it is expected to show revenues and income of £50m and an EBITDA loss in the region of £1.3m”. Hmmm, at a prior 73.5p closing share price, the market cap is above £46.5 million – and why an update just re-affirming already post-close guidance?...

Bearcast
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Tom Winnifrith Bearcast: It is not the article about the man with the 10 inch cock that matters

Warning: Do not play this bearcast in front of children or folks of a sensitive disposition. In the podcast I reflect on why the Welsh Hovel is currently like Hell on Christmas Eve. I cover the exact role of the house broker on the AIM Casino, i3 Energy (i3E), Quindell (QPP), Providence Resources (PVR), RiverFort Global (RGO) and Iconic Labs (ICON).

XAR
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Xaar – why “pleased to announce” a deal including granting an option on “an attractive business with the potential for significant value realisation in the future”?

“Proposed investment by Stratasys in Xaar 3D” announcement from Xaar (XAR) – with CEO Doug Edwards “pleased that this transaction will create good value for Xaar shareholders and unlocks the ability for more significant value in due course”

DGOC
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Diversified Gas & Oil plans move from AIM to Main market… so did Avanti & Quindell

Diversified Gas & Oil (DGOC), the largest oil company on AIM and an enterprise whose accounts are being scrutinised by the FRC for a wholesale breach of IFRS guidelines, has announced it plans to move from the Casino to the Premium segment of the Main Market of the London Stock Exchange in Q1 2020. Both Avanti (AVN) and Quindell (QPP) made similar promises to try to keep their shares afloat. Neither actually made it off AIM as promised although, several years later, an almost bankrupt Avanti will be delisting altogether.

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