AIM listed biotech Sareum (SAR) has announced “Preclinical Development Candidate Selected for Aurora+FLT3 Inhibitor Programme”. As reported in February 2013, recent studies carried out by Sareum sought to differentiate the two most promising programme compounds. Whilst both molecules demonstrate similar efficacy in disease models, the preclinical candidate shows (according to the company) clear benefits in safety models and predicted human exposure, based on a number of in vitro assays.
Any buying interest I have had in banks has been limited to HSBC (HSBA) and Standard and Chartered (STAN) whose origins and traditions permitted to pass through the great early twenty first century banking crisis without the ignominy and pain of being bailed out by society at large. Once bitten twice shy, has been my watchword on Lloyds (LLOY) and RBS (RBS).
AIM-listed, corporate governance, risk and compliance software-as-a-service supplier Access Intelligence (ACC) has announced an adjusted (excluding non-cash amortisation and share option charges) pre-tax profit of £61,000 for its first half year ended 31st May 2013, up from a comparative prior year period £33,000. On revenue of £4.18 million (up 6.5%), this may not look attractive but the company’s note that during the period “we have expensed £756,000 (H1 2012: £439,000) and capitalised software development costs of £727,000 (H1 2012: £284,000)” needs to be considered…
AIM-listed, Kurdistan-focused, oil and gas hopeful Gulf Keystone Petroleum (GKP) has announced a unanimous board recommendation that shareholders vote against the election to its board of all four candidates proposed by shareholder M&G... It’s statement – see HERE – raises some valid points but also includes various hype and bluster...
Floated on the Cesspit in 2004 new media enterprise SocialGo (SGO) has managed to rack up losses of almost £20 million – funded by placing after placing – during its nine years on AIM. As recently as June 7th as it announced (dire) 2012 results the company was still “talking the talk” but today the joke has moved on a step as this has become SocialGone, to be renamed Tavistock Investments. Fear not there will be many more chances to lose money on this one, the stock is at least 90% overvalued.
Rick Rule, Chairman of Sprott Global Resource Investments Ltd., has invested in natural resource projects for nearly four decades. He recently gave an interview explaining why small cap mining stocks have been such a dire investment. It is a truly devastating indictment of the sector.
So what do you need to know about investing in junior exploration projects?
Back in March I commented on FTSE-250 provider of industrial software, systems and control equipment, Invensys plc (ISYS), concluding, with the shares at 366p, that “though there is macroeconomic risk, Invensys looks a solid large-cap investment proposition at current levels, with potential future takeover upside” – see HERE. The company has today announced that it has received an indicative offer from Schneider Electric SA equating to 505p per share...
AIM-listed speciality pharmaceutical company Alliance Pharma (APH) has announced “trading in the first half of the year has been in line with management’s expectations” and that it “continues to explore a number of acquisition opportunities and remains confident of the outlook for the full year”. So is it a buy. Pushed for an answer I’d say yes.
Fully-listed, international specialist recruitment consultancy, Robert Walters plc (RWA) has announced a 7% increase in Net Fee Income for its second quarter ended 30th June 2013 compared to the corresponding 2012 period and a 4% first quarter increase, whilst adding it “continues to trade in line with expectations”. The update saw the company’s house broker, Investec, note “there are certainly signs that market conditions are stable, if not improving”...
Edison research analyst Roger Leboff is a bit of a weirdo but no fool. After all he work with and remains friends with Mark Slater & Tom Winnifrith many years ago. Leboff has today initiated his coverage of property group Quintain Estates (QED) in upbeat fashion.
Top broker Numis has recent completed a site visit to the operations of Charaat Gold (CGH) and concludes that shares in the AIM listed miner are a buy at 8p with a target price of 30p. Its report is a detailed 16 page note.
In my previous analysis of Oxford Instruments (OXIG), the first technology business to be spun out from Oxford University over fifty years ago and now a FTSE-250 business designing, supplying and supporting high-technology tools and systems for the research and industrial sectors, I noted that the company had some cyclical exposure (particularly through its ‘industrial products’ business) and that the rating looked to leave precious little room for any disappointment. That was in April when the shares were trading at 1600p...
The U.S. Comex gold futures surged 2.73 percent in the past two days to $1,279.90 on Thursday while the dollar index suffered a loss of 2.17 percent. The CRB Commodities index, the S&P 500 index, and the Euro Stoxx 50 index have rebounded 1.01 percent, 1.37 percent and 0.64 percent respectively on Wednesday and Thursday. The U.S. 10-year government bond yield rallied about 6bp in the same period.
This is a shocker. The directors of Patagonia Gold are well paid. They have significant equity in the company but they want more. They want shareholders to reprice their share options in order to “incentivise” them. This has to be passed at an AGM. Shareholders should tell these fat swine to bugger off and vote no. And here is why.
John Wisbey the CEO of AIM listed compliance software group Lombard Risk Management (LRM) is a good friend of mine. Or at least he was - he may decide that he is not anymore after he reads this. Recent events at his firm show private investors once again being screwed on AIM. John is a good bloke & Lombard a good company but this is why mug punters are turned off listed markets. Here goes.
There are a number of reasons for investors to take a positive interest in GKN (GKN).
The other day Scancell (SCLP) saw its market value halve as it announced a conditional Firm Placing of 20,000,000 new Ordinary Shares at 22.5 pence each to raise gross funds of approximately £4.5 million. Its new backers are various EIS and VCT funds managed by Calculus Capital. In addition, and in order to provide Qualifying Shareholders with an opportunity to subscribe for new Ordinary Shares at the same price, the Company announced an Open Offer to raise up to a further £2.0 million (before expenses).
AIM-listed provider of mobile marketing and digital entertainment for mobile network operators and brands, InternetQ (INTQ) has announced “revenue and EBITDA are expected to be in line with market expectations for the six months ended 30 June 2013”, driven by record levels of new business within the mobile marketing division and increased levels of subscriber growth from digital content platform, Akazoo...
AIM listed gold producer in Azerbaijan, Anglo Asian Mining (AAZ) has announced second quarter gold production of 8,912 ounces and that it completed gold sales of 5,505 ounces (at an average of $1,438 per ounce) in the period...
Rick Rule is a legendary fund manager within Eric Sprott’s group – the world’s leading gold and silver experts. He gave this interview the other day in a client call in. It really is great stuff. What he says about management quality in this sector is understatement of the year.
What’s going to happen with gold and silver?
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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