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Barclays and Lloyds fess up to new PPI horrors...but that's fine
I felt a bit of a fool yesterday morning. No doubt there are some who argue that this should be a perpetual state of affairs for me, but the specific reason was that on Friday someone had asked me about Lloyds Banking Group (LLOY) shares and in the light of the Royal Bank of Scotland (RBS) and shocking CYBG (CYBG) PPI updates, I said something along the lines that 'if Lloyds had something material to say then surely it would have said it by now'…
- By Chris Bailey |
- 10 September 2019, 12:00 |
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Redemptions Watch: better news for Neil but the queue of disasters is lining up
Yesterday the FTSE All-Share, Neil Woodford’s benchmark for his Equity Income (WEIF) and Income Focus (WIFF) funds, dropped a further 0.4%. Meanwhile WEIF put on 0.24% per unit and WIFF gained 0.17% per unit. Good news – and Eddie Stobart (ESL) announced a takeover approach. A good day then. Well, up to a point.
- By Nigel Somerville |
- 10 September 2019, 10:31 |
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Tom Winnifrith Bearcast: a statistic that damns the AIM Casino as the failure it is
Fake Sheriff of AIM Marcus Stuttard and colleagues what a shit-showeryou preside over. Thanks to Adept Technology (ADT) we have a stat that damns you. I discuss this, the comedy/tragedy that is Providence Resources (PVR)/ Lansdowne Oil & Gas (LOGP) and their Chinese pals. I look at IP Group (IPO), its results, its balance sheet and its association with the stench of Neil Woodford. Apologies to the fragrant Lizard for my words. And I chat about chatting to Carson Block of Muddy Waters about Burford (BUR) and other matters.To get the Carson Block podcast downloaded to your phone register HERE
- By Tom Winnifrith |
- 10 September 2019, 10:22 |
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I'm finding it hard to find any reason not to invest in Jadestone Energy!
It is hard to see why the share price of Jadestone Energy (JSE) has dropped recently as there seems to be little reason for it to have done so, and on that basis it definitely deserves closer attention...
- By Gary Newman |
- 10 September 2019, 09:45 |
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Filthy Forty: Walcom warns of potential liquidation – time to get the Ouzo on ice, more China shame for AIM
ShareProphets AIM-China Filthy Forty play and member of my slam-dunk sells for 2019 Walcom (WALG) has warned again about its financial position – but this time the warning is more direct than before. If you hold shares, now really is just about the last chance to get out for suspension and a trip to the corporate undertakers could come pretty much any time. The company tells us it expects to have enough cash to mid-October, but "expects" and certainty are two different things...
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 10 September 2019, 09:36 |
My View Is: Films Ain't Wot They Used to Be – and Neither Is Cineworld's Share Price
Hello, Share Slammers. For most of my investing life, I’ve viewed cinema companies darkly. Ever since the ‘fifties, there has always been some sort of major competition for the way we spend our spare time. Back then it was TV. Then it was ten-pin bowling, next discos and so on. Now cinemas are threatened by widescreen tellies, Netflix, i-player, computer gaming and loads of other kinds of entertainment...
- By Malcolm Stacey |
- 10 September 2019, 09:22 |
Plant Health Care – “delighted”… but it’s an RNS Reach again & market seeing through it this time?
Last month a “Progress with PREtec field trials in Brazil” announcement from Plant Health Care (PHC) saw the shares soar towards 9p. They had since slid back to 7.5p – and today a “Pilot production of PREtec peptides” announcement…
- By Steve Moore |
- 9 September 2019, 16:10 |
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Tom Winnifrith Bearcast - interims from Telit make no sense at all
I start by discussing visiting my local chemist and a few more thoughts on the canabbis bubble referring the hound Highland Natural Resources (HNR) which is transitioning and now wishes to be known as the bitch ZOE. I comment on Versarien (VRS) and the shocking Iconic (ICON) RNS. Then I go to town on Telit (TCM) and its interims where the numbers simply make no sense at all.
- By Tom Winnifrith |
- 9 September 2019, 15:28 |
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Ferrexpo – time for another go
Back in May I suggested buying shares in Ferrexpo (FXPO) at 207p on the basis that the sharp fall in the share price on the news of the resignation of the auditor was overdone and that a rally to 250p was likely. The good news for those that saw 250p as a target was that it was hit in short order, with the shares going on to 285p...
- By Lucian Miers |
- 9 September 2019, 14:30 |
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Versarien – a few easy questions about its US “operation”
The AIM casino ramp de jour Versarien (VRS) has made great claims about its US operations but if you start digging it all looks rather less transparent so here are a few easy questions for the twitter obessessed CEO Neill Ricketts.
- By Tom Winnifrith |
- 9 September 2019, 12:41 |
Surface Transforms – “a high degree of confidence in accelerating sales growth”… so also in the balance sheet position?
Developer and manufacturer of carbon ceramic brakes products Surface Transforms (SCE) has announced results for its year ended 31st May 2019, emphasising “the past 15 months, and more particularly the three-month period of contract awards since 31 May 2019, have been transformational in the development of Surface Transforms. The company now has multi-year, multi million revenue contracts”. Sounds good – but the shares are currently little changed at still sub 20p…
- By Steve Moore |
- 9 September 2019, 12:40 |
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Ariana – Tavsan news, 2.5p or much higher here we come!
AIM-listed Ariana (AAU) has been drilling and sampling at its 50% JV-owned Tavsan project in the hope that a decent resource will support expansion plans for the nearby Kiziltepe plant to 50,000 oz of gold production per year, up from the current 25,000 oz mark. The news this morning looks good.
- By Nigel Somerville |
- 9 September 2019, 12:14 |
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Iconic Labs goes 50 shades of gay in duff deal of the week/month/year
Iconic Labs (ICON) stinks for numerous reasons including those discussed HERE. No doubt I will be accused of homophobia but its latest deal, to buy the IP of Gay Star News, including the website www.gaystarnews.com, a website focused on events related to and concerning the global LGBTI community for just £1 is a joke.
- By Tom Winnifrith |
- 9 September 2019, 11:15 |
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Abcam – still fascinating, still volatile
Something a little different this morning and that is another quick look at the AIM market-listed Abcam (ABC), which I last wrote about back in March. Back then I concluded about the "pretty fascinating company making, sourcing and selling a range of 'highly validated biological binders and assays to help study the important targets in critical biological pathways'" that:
- By Chris Bailey |
- 9 September 2019, 10:50 |
Gold loves the idea of negative interest rates... that means it is bad news for almost everything else
Britain’s constitutional crisis has hit before the next great spasm of Europe’s intractable monetary crisis. But they are in close competition. The eurozone faces a category five economic storm. It is structurally defenceless as the world slides into recession. This will not be an ordinary downturn because central banks no longer have the instruments to fight it. If there is an October election in the UK - and if it delivers a bigger Tory majority as polls suggest - EU leaders will have to decide whether to risk adding the shock of a no-deal Brexit to all the other shocks hitting their industries...
- By David Scott |
- 9 September 2019, 10:00 |
High Street Woes Could Make Halfords Shares Wobble Along the Road
Hello, Share Bunnies. A famous high street store with a fine tradition is the bicycle king Halfords (HFD). It also does healthy items like camping gear, electric bikes and kids’ scooters. So it’s with some sadness that I am still avoiding the shares. And that’s mainly because the situation facing our big retail chains is just not getting any better. Sir Philip Green’s empire has just reported big losses, for example...
- By Malcolm Stacey |
- 9 September 2019, 09:15 |
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Intu Properties: when even a takeover cannot help
- By Chris Bailey of Financial Orbit |
- 8 September 2019, 15:29 |
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Cabot Energy has been thrown a temporary lifeline - but I still wouldn't touch the shares
Cabot Energy (CAB) suddenly seems to have become very popular for such a small AIM oil company, and given the recent news on a forthcoming discounted fundraise, I’m surprised that people are paying a huge premium to that.
- By Gary Newman |
- 8 September 2019, 14:07 |
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The Court papers showing how Quindell lied to investors ahead of the Slater & Gordon deal
I have already covered the laughable claim made by Watchstone (WTG), Quindell as was, against Slater & Gordon (SGH). Watchstone has made great hay about the conterclaim which ithe gophers of the deadwood press have swallowed hook, ine and sinker. But the actual court papers, below, are damning for Watchstone/Quindell.
- By Tom Winnifrith, The Sheriff of AIM |
- 8 September 2019, 13:19 |
The first ShareProphets Sunday Pub Quiz
This has nothing to do with Woodford of Burford or Rob Terry or anything. It's the end of the weekend and we've organised a quick pub quiz. Grab your own beer, there are no prizes, and for Pete's sake, no Googleing!
- By Darren Atwater |
- 8 September 2019, 13:18 |