ShareProphets

Saturday 19 August 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


19 July 2013, 15:30 | By Steven Moore |

Chaarat Gold - post 2012 results update

Following my previous update in May, AIM-listed, Kyrgyz Republic-focused, gold exploration and development company Chaarat Gold (CGH) has made a results announcement and notified of a £26,520 purchase of shares in the company at 9.75p each by Finance Director Linda Naylor. However, the shares have subsequently fallen further to currently trade down at 8.5p, capitalising the company at £21.3 million...

19 July 2013, 12:43 | By Steven Moore |

Printing.com - trading 'broadly in line', shares still highly speculative?

AIM-listed, predominately UK and Europe printing company, Printing.com (PDC) has updated that “post the last market update, trading across the group continues to be broadly in line with expectations”. I last updated that the apparent value here looked highly speculative, does this now still remain the case? ...

19 July 2013, 12:12 | By Tom Winnifrith |

Ellerton vs Dillabaugh – a generous offer for Sefton’s Jim

Ellerton vs Dillabaugh is a fascinating case. Jim Ellerton borrowed $400,000 from Gary Dillabaugh, a Colorado dentist who also seems to have been Company Secretary for Sefton Resources (SER). Ellerton refused to repay the loan. I described the other day how this went to Court and what the state of play is today.

19 July 2013, 11:44 | By Tom Winnifrith |

Sirius Minerals more delays – when is the cash call?

There are delays and more delays in North Yorkshire for AIM Cesspit listed Sirius Minerals (SXX). The company says that it has £10 million cash left but if there is no planning approval until 2014 it is only a matter of time before the hat is passed around again and at what price will that be?

19 July 2013, 11:31 | By Lucian Miers |

Why I am short of Tanfield and Avanti Communications

Back in April I closed a bear trade at a loss in Tanfield (TAN). I figured in March that it had run out of money and that it was unlikely to raise funds at anything other than a massive discount to the share price of around 20p.

To my surprise brokers WH Ireland found some institutions dumb enough to pay 20p to raise £2.1 million for the company and the shares went well north of that on a relief rally.

They have now crashed below the placing price, never a good sign in my experience and I have reopened a short position at 18p.

18 July 2013, 17:50 | By Steve Moore |

Chamberlin plc - profit warning analysis

AIM-listed specialist foundry and engineering group, Chamberlin plc (CMH) has announced the first half of its year to end March 2014 has to date “been tough” and that it expects to “deliver pre-tax profits materially below current market forecasts for the full year”...

18 July 2013, 13:40 | By Steve Moore |

Netcall plc - full-year trading update, share price now up with events?

AIM-listed customer engagement software provider Netcall (NET) – whose customers include more than 65% of the NHS Acute Health Trusts, major telecoms operators such as BT and Cable & Wireless and the likes of Lloyds TSB, Odeon, Orange, Prudential and Thames Water – has announced it performed well in the second half of its year ended 30th June “and the board anticipates full year results will show a significant increase in both revenue and adjusted EBITDA, with the latter being comfortably in line with market expectations”. However, is the share price now up with events? ...

17 July 2013, 20:52 | By Doc Holiday |

Q&A With James Parsons of Sound Oil

Our own Doc Holiday quizzes James Parsons the CEO of AIM listed Sound Oil (SOU)

17 July 2013, 19:29 | By Tom Winnifrith |

Shock Exclusive: Sefton’s Ellerton exposed as a rogue – I speak to Gary Dillabaugh

I am staying in a Greek village where tomorrow I learn how to milk goats. There is no internet. But I have a phone and today I received a call from Gary Dillabaugh, the former company secretary of AIM Cesspit listed Sefton Resources (SER) which exposes Sefton boss Jim Ellerton as a chancer and a rogue.

17 July 2013, 19:11 | By Steve Moore |

Cello Group - half-year trading update a further pleasant sound to bulls

AIM-listed research and marketing group Cello (CLL) has expressed confidence “that trading for the first six months will be well ahead of the same period in 2012 and that current full year expectations will be met”. This is as the company’s pharmaceutical and healthcare business has continued to grow and its business focused on consumer-facing clients “has returned to strong revenue growth and a solid recovery of margins, as expected”...

17 July 2013, 17:25 | By Steven Moore |

Telecom Plus - AGM update - trading continues to add up, but is valuation full?

Telecom Plus (TEP) - which trades as the Utility Warehouse - the UK's only integrated provider of a wide range of utility services spanning both the communications and energy markets, has updated that “the momentum which was building in the business during the previous quarter has continued over the past three months, with an encouraging increase in numbers across all our core services…

17 July 2013, 13:55 | By Steven Moore |

InternetQ - acquisition completion, cash generation next?

AIM-listed mobile marketing and entertainment provider InternetQ (INTQ) has announced it has completed the, as expected (see HERE“c.£5 million”, acquisition of Atlas Interactive Deutschland GmbH...

17 July 2013, 09:46 | By Robert Sutherland Smith |

Tesco at 355p – heading for 400p?

Tesco (TSCO) is a recovery play with a nice dividend yield whilst investors wait for recovery in the UK business from the knocks of the last year or so. The shares look very attractive on dividend yield grounds with a share price moving up after the recent decline. The chart suggests 400p as a rational target.   

17 July 2013, 09:27 | By Tom Winnifrith |

Sirius Minerals – a Balanced Expert View and hard cash facts

I am not a fan of Sirius Minerals (SXX) and so on this occasion merely relay a broker note from the man who I think provides the best independent broker comment in London, Roger Bade of Whitman Howard. This note out on Tuesday is balanced and fair. Bulls should take note of his caveats and the cash warnings, bears be aware of the upside. Over to the excellent ( and amusing) Roger:

17 July 2013, 09:19 | By Doc Holiday |

Patagonia Gold – a golden punt?

The Patagonia Gold (PGD) story is not an unusual one in the small cap gold mining sector, however with some mild relief coming from the near $1300 oz price gold stocks have had a minor lift so far. With Patagonia there could be a lot more to come.

17 July 2013, 09:04 | By Robert Sutherland Smith |

Is there a case for buying Group4 shares at around 212p?

Group4S (GFS) is not the kind of share I normally put on my drawer marked ‘potential buying interest’ – for which much thanks given its unfortunate public relations record: the Olympic Games imbroglio last summer and now the prisoner tagging fiasco, with Justice Secretary Grayling calling in the cops to investigate the possibility of fraud. My traditional reluctance about Group4S is to do with its poor value balance sheet and its high gearing.

16 July 2013, 18:10 | By Steve Moore |

GB Group - AGM trading update: Good but good enough?

AIM-listed identity technology company GB Group (GBG) has updated that it has “had a strong start to this financial year as demand in the market for online identity intelligence services with international capabilities continues to grow… and remains confident that GB Group is able to deliver a performance in line with current market expectations”. But is the good news in the price?

16 July 2013, 15:29 | By Steve Moore |

Michael Page - trading "difficult" rating absurd

FTSE-250 recruitment company Michael Page International (MPI) has announced a second quarter 2013 gross profit of £135.2 million, down 3.8% in constant currency terms from the comparative 2012 period, though helping the half-year figure to £262 million (-5.2%). Is that decline discounted in the share price? Er...no way Jose.

15 July 2013, 19:55 | By Steve Moore |

SThree plc - interims, a poor bet on macroeconomics

Fully-listed international specialist staffing business, SThree plc (STHR) has announced, for its half year ended 26th May 2013, a pre-tax profit of £6.65 million, down from a comparative prior year period £9.29 million, generating earnings per share of 3.7p (from 5.2p), despite an approaching 5% increase in revenue. With a gross profit split in the six month period of 54% contract and 46% permanent and 49% Continental Europe, 32% UK & Ireland and 19% ‘Rest of the World’, the company is a useful barometer...

15 July 2013, 18:19 | By Staff Writer |

Northern Petroleum at 32p worth 35p to 179p says Edison

Commissioned researcher Edison has published a detailed note on Northern Petroleum (NOP) following recent management change in which it claims that the shares, now 32p, could be worth anything between 35p and 179p.

19 minutes ago | By Tom Winnifrith |

Tom Winnifrith: Sign up now for new free share tip service FiveFreeShareTips.com

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.

6 days ago | By Tom Winnifrith |

New Bulletin Board Moron of the Week contest - sponsored by the fund managers who knew so much better than the dirty plebs on Telit

Just three months ago some of Britain's top fund managers ploughed more than 50 million dollars into a placing organised by AIM dog Telit Communications despite numerous warnings from ourselves and others. But they knew better and anyhow it was other people's money. The shares have collapsed today to less than half the placing price after the most awful set of interims. But the fund managers will still earn Inter City salaries + ( more than 125) and fat bonuses so who cares? Are there any folks in the share world dumber than those fund managers? Er.... 

6 days ago | By Gary Newman |

Kaz Minerals offers a buying opportunity on this dip

Kaz Minerals (KAZ) is a great example of the extent that commodity prices can effect larger miners, and the recovery in copper prices has seen the share price trading at multiples of where it was just 18 months ago.

7 days ago | By Nigel Somerville, the Deputy Sheriff of AIM |

Tern announces two fundraisings – how do they compare?

After-hours yesterday AIM-listed Tern plc (TERN) announced two fundraisings – one via Primary Bid for its own coffers and the other a proposed offering via US broker US Capital Partners for its investee company Device Authority. Let’s compare the two.

7 days ago | By Tom Winnifrith, The Sheriff of AIM |

Telit Communications: what the bears saw, it's about the balance sheet stupid

After my earlier story about the covenant breach which is, I am increasingly sure, a smoking gun, I explore some trends shown by the financial statements of Telit Communications (TCM) that may have been some the red flags that resulted in hedge funds making Telit the most heavily shorted AIM company - this is all about the balance sheet. It also highlights why some type of fund raise, equity or debt, was almost inevitable in May - without it the lights would have been switched off by now.

6 days ago | By Tom Winnifrith, The Sheriff of AIM |

KERBOOM - THE FULL SHOCKING DOSSIER, New fraud revealed - This is why Telit is Globo Mk2 and why it is going to 0p

Over the past week I have shown that Telit Communications (TCM) is run by a man who fled fraud charges in the US but changed his name to avoid investors knowing, I have flagged up banking covenant breaches, red flag strewn interims and an Italian criminal investigation. But that was just an appetizer. Today I give you a full dossier with shocking NEW material, which shows this is Globo Mark 2. it is a fraud and its shares are going to zero.

6 days ago | By Tom Winnifrith |

Jubilee Platinum deal with Riverfort - death spirals so bad right? NO!

Jubilee Platinum (JLP) last week announced a $50 million funding package to grow its metals recovery business. Oh no Riverfort! Said the snipers. Death spirals, yak, yak, yak. They have it wrong. This deal is, if you read the detail, good news.

6 days ago | By Pizza HardMan Darren Atwater |

Notes from Underground: Here's a buy recommendation: invest in moped shares

London has a real table problem. At least the outdoor ones, and I don't see Mayor Sadiq Khan putting any effort into it.

6 days ago | By Tom Winnifrith, The Sheriff of AIM |

Emails sent to AIM Regulation & Nomad Finncap after today's Telit bombshell - this must be suspended 7 AM Monday

This is becoming Globo v2 at a an alarming rate. Today's bombshell dossier on Telit Communications (TCM) nails it as a slam dunk ZERO beyond all doubt. The only way that the shares do not completely crater in the morning is if they are suspended first. And that is exactly what should happen. As such I sent a couple of emails last night. One to tthe head of the Oxymorons Marcus Stuttard and his clueless colleagues, the Keystone Cops at AIM Regulation and the other to the folks at Nomad FinnCap from CEO Sam Smith via head of Corporate Finance Stuart Andrews down to analyst Lorne Daniel with a minor jackal in Corporate Finaance also included in case Andrews is too busy with his polo ponies to read emails on a Sunday. Enjoy!

6 days ago | By Tom Winnifrith, The Sheriff of AIM |

Want to Get your cash back on the Paragon Diamonds AIM Casino fraud & bust - legal case now imminent

Investors who have lost £900,000 on the Paragon Diamonds (PRG) fraud and bust are now lined up to sue the hapless Nomad ( Northland with QEs Gerry Beaney and David Hignell overseeing the shambles) as an update from class action litigation arranger Peter Petyt sent this morning, makes clear. However we need more folks who were conned to join the party URGENTLY and for two reasons:

6 days ago | By Tom Winnifrith, The Sheriff of AIM |

Telit Communications – Mr Fat Katz unusual remuneration arrangements

After today's complete bombshell which shows that Telit (TCM) is a Globo style fraud and thus utterly worthless what follows may be a tad academic. But, none the less, it is yet another Red Flag which we all should have noticed earlier. Reading through the 2016 annual report of Telit it is apparent that Mr Fat Katz, sorry Mr Oozi Cats, had two unusual remuneration arrangements. 

6 days ago | By Tom Winnifrith, The Sheriff of AIM |

Tom Winnifrith Bearcast Special - the culture of corporate lying as I say GOTCHA to Telit

Following today's bombshell there can be no doubt that Telit Communications (TCM) is toast. Companies that lie and deceive so industrially in the way I demonstrated earlier HERE will always end in tears.  In this podcast I look at the culture of corporate lying and wrongdoing and what it means for you as an investor. I look at rent boys at BP then at Quindell (QPP), Globo (GBO) and of course, in the main, at Telit

6 days ago | By Tom Winnifrith, The Sheriff of AIM |

Telit bombshell Part 2 - its Distributors are oft on a par with those of Globo

Earlier today I published a bombshell that demonstrated that Telit (TCM) was Globo v2 - that is to say a FRAUD heading for zero in short order.. One of the points that caused Globo to unravel within days were its bogus distributors. I covered that in some detail in Part 1 of this series but here in  part 2 I offer up some graphics to make my point. Distributors account for only 30% of claimed sales but if they are bogus then is anything genuine? It is game over for Telit, the Fat Lady is getting ready... Enjoy what follows...

5 days ago | By Malcolm Stacey |

Congratulations! - You're a Share Winner In the 68,000 Club

Hello, Share Jigglers. The stats show that more than 68,000 different people logged onto this magnificent website last week. Darren Atwater, who recorded this amazing count is too modest to comment. So allow me to note that 68,000 is the equivalent of the entire population of a very big town.

6 days ago | By Nigel Somerville |

Ariana – gold price, production news and share price

After my mea culpa of June 20th we have had further news. It has taken a bit of time to digest, but overall it looks positive to me, if rather laced with jam-tomorrow. With the share price finally off its low point of just 1.25p, let’s look through the detail.

6 days ago | By Evil Banksta |

Obtala: When is an equity Issue not an equity issue?

When the cash still hasn’t arrived! Tom Winnifrith gets upset (see) when I write negative comments about Obtala (OBT) and so I’ve kept quiet for a while, but there comes a point when you just have to ask the question: WTF is going on? Since Tom believes in free speech (as well as Obtala) he - as ever - allows me to write here.

5 days ago | By David Scott |

Because it is easy - Kennedy on Space, the World today on debt-binging

In a world in which "we do these things because they're easy", the outcome will eventually be very difficult and painful. On September 12, 1962, President John F. Kennedy gave a famous speech announcing the national goal of going to the moon by the end of the decade.  In a memorable line, Kennedy said we would pursue the many elements of the space program "not because they are easy, but because they are hard.Both nationally and internationally the overriding economic philosophy is currently "we do these things because they're easy" and relying on debt to pay today's expenses is at the top of the list. What's easier than using a line of credit to buy whatever you want or need? Nothing's easier than borrowing money, especially at super-low rates of interest.

19 August 2017, 11:11 | By Tom Winnifrith |

Tom Winnifrith: Sign up now for new free share tip service FiveFreeShareTips.com

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.

19 August 2017, 11:11 | By Pizza Hardman & Hackney Marxist Darren Atwater |

New Bulletin Board Moron of the Week contest - sponsored by some scooter courier shop in Vietnam, #1 distributer for Telit

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.

18 August 2017, 14:35 | By Tom Winnifrith, The Sheriff of AIM |

Tom Winnifrith Bearcast: Oozi Cats and the FBI & why Telit could well be tits up within weeks

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.

18 August 2017, 08:11 | By Tom Winnifrith, The Sheriff of AIM |

A letter to the chairman of the London Stock Exchange - why no independent review of the Telit fraud?

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.

18 August 2017, 09:24 | By Tom Winnifrith |

Does Neil Woodford really deserve a halo - is Circassia the biggest dog in his funds?

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.

17 August 2017, 14:59 | By Tom Winnifrith |

Obtala - shares to more than double: broker VSA: we publish the note

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

18 August 2017, 14:46 | By Tom Winnifrith |

Reader Comment of the day - Drunken Sailor unearths local issues for Bushveld

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:

18 August 2017, 11:24 | By Cynical Bear |

PCG Entertainment – Lots to like about this funding deal other than…….WHY??

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?

18 August 2017, 09:14 | By Tom Winnifrith |

Kennedy Ventures - Giving 3.98% of the company to the CEO does have a cost

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.

18 August 2017, 14:05 | By Steve Moore |

SRT Marine Systems – order “for the world's biggest single deployment of AIS AtoN”. Wow… Or not…

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!…

17 August 2017, 14:03 | By Steve Moore |

Idox – acquisition aids a rating which is “highly attractive”… Or is it?

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)…

18 August 2017, 08:08 | By Malcolm Stacey |

Looking for a Possibly Safer Airline Venture? - Well, this Fleet's In

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.

18 August 2017, 14:59 | By Nigel Somerville, the Deputy Sheriff of AIM |

Advanced Oncotherapy – how’s the cash position? Still a stonking SELL.

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?

17 August 2017, 16:05 | By Steve Moore |

Capital Drilling – half-year results include “broadened” uplift in activity, so why are the shares lower still?

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?...

19 August 2017, 07:56 | By Steve Moore |

Table of shorted AIM shares - week to 18/08/2017

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...

19 August 2017, 07:32 | By Tom Winnifrith, The Sheriff of AIM |

Telit Communications – how much of a cash guzzler is GainSpan?

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: