FastJet (FJET) shares bounced following passenger numbers released on Wednesday. But on a one year view, even at 5.25p today, punters might feel bemused and saddened.
Gable Holdings (GAH), the provider of a range of specialist insurance policies for the commercial sectors in the UK, France, Spain, Norway, Denmark, Germany and Italy, a week ago announced what it describes as “excellent” results for the first half of 2013. I agree as someone who tipped them at a 45p offer price on my Nifty Fifty site – they are now 63p.
Shares in Straight PLC (STT) were tipped by myself and Tom Winnifrith a few weeks ago on our Nifty Fifty website at a offer price of 36p. They are now trading at 40-42p today on the back of an announcement of an “in excess of £550,000” contract secured with Bournemouth Borough Council. Good news. There is more to come.
The U.S. Comex gold futures fell 2.43 percent on Thursday to $1,330.30, the largest one-day percentage drop since 5 July. The gold futures have plunged 4.05 percent this week after dropping 0.69 percent during the previous week.
Commissioned researcher Edison has slashed its target price for Lombard Medical (LMT) from 305p to 267p but with the stock at 167p it is still bullish. In a detailed note it writes
Shares in international engineering, construction and technical support services provider Kentz (KENZ) currently trade more than 10% lower on the day at 493p after AMEC plc, having seen an approach of 565p-580p per Kentz share unanimously rejected by the Kentz board as undervaluing the business and its’ future prospects, announced, in accordance with the requirements of the Takeover Code, that it now “does not intend to make an offer for Kentz”
Shares in leading-edge producer of LED lighting fixtures for hazardous locations, obstruction lighting, traffic and rail signalling and general industrial application, Dialight plc (DIA) currently trade around 14% lower on the day on the back of the company now not expecting some significant 'obstruction system' business to be awarded in time to sufficiently impact the current financial year…
Motive TV (MTV) shares have been something of an obvious avoid for many for years with share issue after share issue and no hope of shareholders seeing a return. Has anything changed? No.
In my constant beachcombing for stocks that are worth buying I have turned up and turned over the equity of WPP (WPP)
Anglo Asian Mining (AAZ), the developer of Azerbaijan's first operating gold/copper mine (Gedabek), has announced that following the commissioning of its new agitation leaching plant in June it, in August, recorded its highest monthly gold production since the mine first poured gold in May 2009 as well as that 50 kilometres away, at Gosha, “significant progress has been made in the development of the mine”…
Yesterday Pan African Resources (PAF) finally appointed a new CEO and FD. That ends one uncertainty and commissioned researcher Edison has published a report suggesting that the shares, at 13p, could be worth 31.4p.
The U.S. Comex gold futures were unchanged on Monday but fell 1.64 percent on Tuesday. The gold futures have fallen 2.30 percent this month and 18.62 percent this year. The CRB Commodities Index fell 1.11 percent and the crude oil futures plunged 2.84 percent during the past two days as the prospects of a diplomatic solution to the Syrian problem have risen.
Transatlantic media and entertainment company, Reach4Entertainment (R4E) has announced results for the six months ended 30th June 2013, with it expecting “trading performance to be weighted towards the second half of our financial year”…
Shares in provider of high-technology tools and systems for industry and research, Oxford Instruments (OXIG) currently trade more than 7% lower on the day at 1400p following an AGM update that “slowness in R&D markets in the Western economies means that the year is likely to be more second half weighted than has been seen in recent periods”...
International provider of audio visual equipment and services to the live events, broadcast and entertainment industries, Avesco Group (AVS) yesterday updated that “difficult trading conditions” see it now consider “that it is likely that the group's results for the full year to 30 September 2013 will be below previous market expectations”. Researcher Edison has now accordingly revised its forecasts…
News out today has prompted commissioned researcher Edison to publish a detailed note on The Innovation Group (TIG) in which it argues, coherently, that the shares, now 28.5p could plausibly be worth 40p.
When I lit up the screen to check the final trading statement from AB Foods (ABF) yesterday I saw that with a kind of historic romance, the shares price had met its Waterloo at 1815p. Last week, when I started looking at the equity to try to discover - unavailingly - why one major investment bank concluded it would ‘outperform’ the share price was above 1900p. Last seen, it had gone through 1815p to 1810p. It will get worse.
Amara Mining (AMA) has released results today which are truly dreadful. The world’s No 1 mining analyst (in that he is independent and is prepared to tell it as it is) Roger Bade of Whitman Howard sums up what is a truly dismal situation well. Bade writes.
That is the question posed by David Franklin, the chief economist at Sprott Group in the company’s latest newsletter. Conspiracy theorists among the gold bugs have long argued that it has been. I kind of think it might be. Over to the Sprott camp.
Following a positive trading update from global project management and technical consultancy WYG plc (WYG) last week, researcher Edison has now added its views to the reaction - concluding that it believes the shares offer greater value than headline price-earnings multiples suggest
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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