While I'm hardly the biggest fan of serial disappointer Sirius Minerals (SXX) I am a fan of the technical influence on a company. Its shares have tanked, I’d buy for the bounce at 9.25p.
There are some Non Execs who add credibility and there are some who are just a pointless cashburn – meet Peter Hain Labour MP for Neath and a Non Exec at Amara Mining (AMA) since March. Shareholders in this company have lost a packet so what does Hain bring to the table?
Whilst at the once respected tips.com for eight years I contributed to longer investment performance in part by spotting value in Prudential Corporation (PRU) when its shares were priced at 791p in March last year and again at 679 p the following May - after they had fallen 14%. I had in fact first identified the longer term undervaluation of Prudential shares way back in November 2009, when they were a mere 557p. It seems incredible that they now stand at 1190p (a rise of 113%) having peaked at 1270p last August.
Noble Investments (NBL) has announced that it has received an approach from Stanley Gibbons (SGI) of a possible takeover of 255p per Noble share (circa £42 million) – comprising 192.5p per share in cash and 62.5p in new Stanley Gibbons shares – which, if made, it has indicated it is likely to unanimously recommend to shareholders. Since I have tipped BOTH stocks on my Nifty Fifty website I am celebrating, but what now?
Hello Gang: A bull market is roaring through the City. This could continue for days at a time. We've waited a long time for it. Oh, happy days!
Swimming in the now cooling waters of the pond - as summer recedes and energy bills rise - somehow prolongs those salad days of life; the water being as crisp as a lettuce and the swimmer growing as cool as a cucumber. These days when the wind scuds across the surface water, raising small droplets that splash over your head, are a particular pleasure to inland pond swimmers; it is like swimming at sea but without the salt.
The resignation of Goldplat (GDP) CEO Russell Lamming announced today and sees to have surprised even house broker SP Angel. But the broker stiull reckons that the shares are a buy at 8.5p and are worth 18p. It is not altering its forecasts.
Latin America-focused gold miner Minera IRL (MIRL) has announced that it has agreed with Rio Tinto to defer the payment dates for the final amounts it owes for the purchase of its flagship Ollachea gold project in Peru from the industry major.
Shares in Avacta (AVCT) are up 11% today 0.91p but the hot money is heading in and reckons that the shares could be heading for 2p before too long.
AIM listed software play NetDimensions (NETD) has published its interim numbers today prompting bullish comments from two leading brokers. Panmure Gordon leads the charge, increasing its target price for the shares (at 62p) from 125p to 132p.
Last week I addressed the chart of FastJet (FJET) which presented clear concise signs that the stock was exhausted with the Rsi below 20. When I sent my piece the shares were 4p. When it appeared they were already 5.25p. As I write the stock is now trading at 8.2p.
Hello Gang: I am excited that this is my first piece for ShareProphets.com. I hope that all my old readers will join me here, together with thousands of new ones. Happily, I will be working with some really valued Big City colleagues of old. And I'm gratified – because, well, they really know what they're doing.
Today comes a statement from AIM and TSX listed EMED (EMED) that its permitting process for its Spanish Rio Tinto copper mine is on track for completion in 2013. The statement is pretty clear about that although, as ever Spanish bureaucracy is a real piece of work.
I tipped Symphony Environmental (SYM) on my Nifty Fifty website last week at a 6.75p offer price. The shares are now 6.75p-7.25p so we are all square. But even at a 7.25p offer, valuing Symphony at c£9 million) the stock is cheap.
There are reasons to think that Standard and Chartered Bank (STAN) may be beginning to enjoy benefits from its white water rafting of the hot money flowing from two of the world’s largest economies; the US and Japan.
Another day and another big name signing at Shareprophets.com – as of tomorrow you will be able to enjoy a daily column from veteran broadcaster and the founder of Sharecrazy, Mr. Malcolm Stacey. But surely, you say, Sharecrazy is Malcolm’s baby? Why is he leaving?
Oh dear, oh dear, - as the great Mike Walters used to say – it appears that whoever has access to Sefton Resources (SER) emails is again leaking some pretty toxic stuff. This time it is the email from Pinsent Masons partner and legal advisor to Sefton, Mr Russell Booker, in which he warns that the libel case against Dan Levi and myself should be dropped. Quite amazingly Pinsents litigation team are still ploughing ahead with the case regardless so racking up yet more fees for Sefton’s poor shareholders to swallow.
Late summer saw, to the relief of some investors, some price improvements in precious metals and precious metals stocks. In this interview out overnight the legendary resource investor Rick Rule, chairman of Sprott USA Holdings, ponders if one can call the bottom. Please note his grim warnings on some gold issues.
Manufacturer of proprietary plastics products for niche markets, Plastics Capital (PLA) has updated that for its financial year to date it “continues to trade broadly in line with market expectations” and is confident that an excellent basis is being created for future growth…
Premium alcoholic drinks company Blavod Wines & Spirits (BES) has updated on “progress on a number of fronts” since the end of its year ended 31st March 2013…
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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