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Latest News

Gold

Podcast: We have a long way to go in this gold bull market - to $2700 oz

Analyst Chantelle Schieven says, “When no one wants to talk to you about gold, you know you’re at the bottom of the bear market.” When investors are attracted to other assets, then gold often gets overlooked. Gold is now becoming noticed again, and we see the change in the public interest.

Timebomb

If paying attention to global events overwhelms and results in a combined sense of dread and concern, You are not alone

We have a bond market in which a quarter of the universe trades at a negative yield. The long bond yield has gone negative in Germany. More than half of the world’s bond market is trading below the Fed funds rate. Investment grade yields, on average, are below zero in the euro area. This is completely abnormal because it reflects an abnormal economic, financial and political backdrop...

IXI

IXICO – “materially ahead of current market expectations”… interesting?

“IXICO plc (AIM: IXI), the data analytics company delivering insights in neuroscience, is pleased to announce that the company has continued to see strong growth in revenue in the second half of the year… anticipates that the results for the full year ending 30 September 2019 will be materially ahead of current market expectations” – and the shares have responded currently more than 20% higher to around 40p…

CTEC
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ConvaTec appoints an old hand Chair...and I don't care

Shares in ConvaTec (CTEC) - whose products are used for advanced chronic and acute wound care, ostomy care, continence and critical care and infusion devices used in the treatment of diabetes and other conditions - have come a little more my way recently as I discussed here a couple of weeks ago. Today's regulatory news announcement by the company caused me - however - to raise my eyebrows slightly…

CNE

Most Big Oilers may Be Undervalued; This one Perhaps More than Most

Hello, Share Scoopers. I still believe that the bigger oil companies are undervalued, given the price of Brent Crude. Yes, recently the oil price has fallen and attempts to revitalise have been thwarted by the general malaise. But that could be a buying opportunity for some oilers...

PRU
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Prudential: splits, shocks and structural scope

Back in March I mused about the Prudential (PRU) concluding that it was wise to snaffle 'a few (shares) now and at each new Pound below the current share price (£15 something a share, £14 something a share) is a suitable compromise between opportunity and the short-term perception vagaries towards the insurance space'.  Well in the five months or so since then the shares have undertaken a bit of a 'Grand Old Duke of York' moment and gone up the share price hill...and back down again.  Such is the insurance space...and the ups and downs of financial markets.  

Gold

Podcast: We Are at the Beginning of a Three Year Up Cycle for Gold

Technical Analyst ( I know, groan) Tim Ord says he studies long-term market cycles, and there are 8 and 16-year cycles within precious metals. These cycles picked up the 2000 low and the 1987 low. Currently, both cycles are headed up and show a possible top around 2022-2023. That will likely be the next major point where gold consolidates. The trend is definitely upwards, and we will most likely test and possibly break all-time highs. He expects a powerful rally over a one to two-year time frame.

Bearcast
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Tom Winnifrith Bearcast: Why did no financial journalist warn about Neil Woodford asks knobhead Antony Luzio, editor of FE Trustnet Magazine

I start with Burford (BUR) and the questions it may or may not choose to ansswer from this weekend plus a look at its spinning and smearing via the PR cocksuckers at the Sunday Times. Then, as a financial journalist who has been warning about Neil Woodford since 2015 and explicitly hoisting red flag after red flag, I assiost Mr Luzio with an analysis of the flaws of the deadwood press and the low grade waste of space press release regurgitators such as him who staff it.

ICON
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Iconic Labs death spiral financing won't work out well for existing investors

It never ceases to amaze me how willing many private investors are to forget past failures and accept that a complete change of direction in a business is suddenly going to bring success.

BUR
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Burford – was there Insider Dealing by the Deputy Chairman?

Drunken Sailor has made another point about AIM-listed Burford (BUR) in the comments boards – this time in response to my story about the recently announced corporate governance changes and listing of Burford which Muddy Waters attacked and Burford said there was nothing wrong. Except it now seems to think there was. Apart from the jibe of panic, Drunken Sailor seems to be wondering about insider trading. Let’s take a look at the facts.

Professor

Sunday Long Reads: Elevator phreaking, Hong Kong street level, Jeffrey Epstein's bodyguard, Didcot, Bristol beach

Is there anything better than sitting back and reading a well-written article on a lazy Sunday? Every week ShareProphets features some long form journalism that you'll find of interest. Grab your cuppa and enjoy these five articles. 
 

FDP
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Sell First Derivates at £23

I notice that shares in First Derivatives (FDP) have been on the slide since the sad and untimely death of its CEO and founder Brian Conlon on 28th July. My sympathies go to his family and all his many friends. I see that Tom Winnifrith reckons that shares in First Derivatives represent something of a binary bet; either the whole company is acquired by an entity that buys out the 24% held now by Conlon’s estate, or the shares tank when new management come in and start looking at what First Derivatives really is…

Newsboy

Notes from Underground - We Work so you don't have to

The story that I have been returning to this week is this one, about the US IPO of coworking company, We Work. It is completely bonkers.

Bearcast
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Tom Winnifrith Bearcast: Sajid Javid = unprincipled tosser on house prices & the gating date for Woodford's Income Focus Fund

I start with the case of a banker Andrew Tinney who "acted without integrity" but thinks he has done nothing wrong. Discuss. Then ex banker Sajid Javid who wants to ramp up the housing asset bubble by switching stamp duty from buyer to seller. Why do you think he is oing that? Finally to Neil Woodford's Income Focus Fund and a discussion of why it should be gated now but when it will actually be gated.

Collapsing-Reactor
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Redemption Watch: the bad news is piling up as Woodford funds continue to suffer

The bad news keeps on rolling for Neil Woodford. Yesterday is was OsloBors-listed Thin Film (THIN). The day before it also came from Norway as Idex released results.  AIM-listed Verseon has been continuing its collapse but hasn’t ‘fessed up to the market why (er…lack of cash?) and AIM-listed Burford has been biffed and bashed from all angles. It never rains when it pours.

BUR
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An Open Letter to Jonny Allison, Nomad to Burford re Material non disclosure on Napo

Burford (BUR) does not have to prove it is innocent of the Muddy Waters allegations but the longer it opts NOT to give full disclosure the more suspicions will grow. And perhaps the Oxymorons at AIM Regulation or my friends at the FRC, who I have asked to look at the accounts, may force its hand. In that vein I have written to the Nomad, Jonny Allison at Macquarie asking him to force Burford to come clean. I have cc’d in the Oxymorons and the FRC. The letter is below

Father Christmas
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Update – Steve Moore second share tip of the year for 2019

An update on my second tip of the year for 2019…

OPTI

OptiBiotix Health – another SlimBiome agreement, this time Australia and New Zealand…

OptiBiotix Health (OPTI) is pleased to announce an exclusive manufacturing, supply and distribution agreement for its SlimBiome weight management technology in Australia and New Zealand…

PURP
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Video: A former Purplebricks employee gives you the hard numbers that show it will fail

I have always believed that Purplebricks (PURP) stiffs both staff and customers and that is why it will eventually ru out of cash so stiffing shareholders too. This video below validates my thesis with a former employee giving hard numbers on that stiffing. Enjoy.

BUR

Table of shorted AIM shares - week to 15/08/2019

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...

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