Frigging hell. It was worth getting up at 3.45 AM today to trek up to London for the AGM of Vialogy. Chairman Junk Bond and CEO Robert Dean both lost their tempers, fessed up to some real horrors and Bond described me as “The Disruptive influence at the back.” Boy I had a party and the more Junk and Bob squirmed and seethed the more fun I had. This company is a total shambles.
Globo (GBO) shares have rallied today as certain spivvy bears closed shorts but the king of forensic analysis Matt Earl (The dark Destroyer) has this afternoon served up a seminal piece which must surely cause extreme jitters in the bull camp.
What is interesting about the recent share price slump of Globo (GBO) is the way that while the sell call on a technical basis was not a high conviction one, that the shares were headed to 50p has so far panned out almost exactly.
What a spiv! Having called Globo (GBO) down to 10p after opening a short, we can reveal that once legendary bear raider Evil Knievil has closed his position at 52p. But not all bears are so faint hearted.
The board of Vialogy (VIY) has today announced an emergency restructuring which steals at least 25% of the IP from shareholders at a stroke just 4 hours before its AGM. That leaves a lot of time for sensible discussion does it not? Even by the abject standards of Chairman Terry “Junk” Bond this is a total disgrace. Why not issue the RNS 24 hours ago? It is not as if anything has been set in stone.
Hello Share Fans: Patience is the key with the cheaper end of the share market. We cannot expect to start making money the moment we buy a share – perhaps based on the excellent researches carried out on your behalf on this very website.
Shareprophets can reveal that infamous bear raider Evil Knievil has opened up a big short position In Kenmare Resources (KMR). It took him long enough to follow the siren calls of Tom Winnifrith but a Damascene Conversion is always welcome if sometimes tardy.
Software and IT services business specialising in multi-channel retail and manufacturing markets in the UK and Ireland, Sanderson Group (SND) has updated that “the trading results for the year ended 30th September 2013 are in line with market expectations and will show group revenues of approximately £13.8m (2012: £13.37m), an improved gross margin of 87% (2012: 83.6%) and operating profit in line with market expectations”. The following updates on my August view
Frustration is the main emotion that shareholders of Xcite Energy (XEL) have suffered in the recent past. The reason: a, seeimgly, interminable consolidation by the shares in the 110p – 120p zone since late summer. That may change.
Private investors owning more than 5% of the equity of Hibu (HIBU) have ganged together to force an EGM to oust the board and replace it with their own candidates. My head says this is folly but my heart is with them on principle, given the actions of uber-expensive City lawyers Herbert Smith.
Bulls of private investor favourite Coms (COMS) are feeling somewhat bruised in the wake of this month’s price action from the stock. Fear not. The bruising comes in the wake of the bull trap by the shares through both the 4p level and the falling 50 day moving average on the daily chart currently falling at 3.64p.
AIM listed Globo (GBO) is a stock that both Lucian Miers and Evil Knievil are shorting. I reckon that it is a slam dunk sell as does the Closet Chartist. But the dark destroyer is top analyst Matt Earl who has today published a seminal piece of forensic analysis. Anyone not selling after reading Matt’s article is mad. And an RNS out today is bizarre.
Debt recovery specialist Begbies Traynor (BEG) has today issued data on the UK economy which should scare you shitless. The UK economy is not delivering real sustainable growth at all – we are just on a debt fuelled consumer binge, something a cynical Government is encouraging as we approach the 2015 election. The hangover will, I warn you, be dreadful. Begbies Q3 Red Flag report makes grim reading.
Hello Share People: I won the lottery at the weekend – well £50, anyway. Is this a good omen for the old shares this week? I don't actually think we need a good omen – the Footsie should do rather nicely without that kind of help.
A free flowing video from Tom Winnifrith covers three topics.
The AGM of AIM Cesspit posterboy Vialogy (VIY) is on Tuesday morning an d having bought £7.50 of shares just so that I can attend I shall be there. Brace yourself Chairman Terry “Junk” Bond I have a few questions and I am not one for taking prisoners.
There are now just 15 golden tickets left for the UK Investor Show on April 5th while normal tickets are selling fast - why?
The speaker line-up gets stronger by the week.
Hello Share Shunters: One thing we tend to forget when we assess our shares, to see how much we are making, is the windfall pay-out.
I previously updated my stance on on Minera IRL (MIRL) when it was in the throes of a possible offer from Singapore-based LionGold Corp and the shares had hit 18.75p - see HERE. A few days later it announced that “discussions with LionGold Corp Ltd regarding a proposed private placement and a possible offer for Minera IRL have ceased”. The following updates with the shares now at 14.375p, capitalising the company at £26.3 million.
The Closet Chartist reckons that shares in Aquarius Platinum (AQP) will go from 45p to 55p or perhaps 75p. Who knows? In a rather fizzy market any old shite can go through the roof. But before you bet the ranch on Aquarius I ask you to consider a couple of points.
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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