I can reveal exclusively that infamous bear raider Evil Knievil has opened up a short in Cyan Holdings (CYAN) at 0.35p. Knievil’s old adage is “the best time to kick a man is when he is down” and Cyan is certainly down, if not yet out, following its (lack of) profits warning earlier this week.
In a piece last week (see HERE) on AIM-listed satellite operator Avanti Communications (AVN) – in which I own some shares as a speculative investment – I noted that if the company is able to fill capacity on its satellites as planned discounted cash flow valuations suggested a multiple of the prevailing share price but that its trajectory as a still emerging company was unlikely to be smooth from here. This followed some commentary on the company which had strongly focused on the lack of an Interim Management Statement in May as there was one in May 2012 – though the company had since updated that a year-end trading statement would be forthcoming. This has now been published…
I previously commented on AIM-listed, UK-focused, physical document management and office relocation business Restore plc (RST) as it saw its market cap move above £100 million on the back of a May AGM trading update – see HERE. On no news the shares subsequently drifted back from their then 136p to close at 117.5p yesterday, though they are currently up to 121.5p today on the back of a trading update for the six months ended 30th June 2013.
With Sterling heading south (down nearly 10% since January) to a dollar exchange rate of 1.49 (last seen) this is surely the time to be buying a big successful UK company like Diageo (DGE) which as its carefully fashioned name implies, girdles the earth. With plenty of non-sterling earnings, it doesn’t need to do much to increase sterling denominated earnings. It is in short a classic sterling hedge.
All Governments across the globe have an appalling track record when it comes to picking stockmarket losers when it comes to handing out grants and loans. Ask President Obama about Solara? Remember John De Lorean? And with the EU unable to get its own accounts signed off without qualification you would expect that it would be the worst stock picker of the lot. You would expect correctly.
AIM-listed, UK marketing communications and advertising group Mission Marketing (TMMG) has a penchant for the eccentric in terms of word choices in its company announcements – for example, noting in its last results statement “call us quakebuttocks if you will, but our focus will remain on debt management, expertise enhancement and concinnity”, the one before that; “(we) remain, barring undue gallifragging, optimistic for the future and the outturn for this year and beyond” and the one prior to that; “we are predicting an exciting year for the missiontm, if not quite a lollapalooza”. However, today’s eccentricity is unlikely to generate any amusement in shareholders – with the shares currently trading more than 13% lower at 22.75p.
Broker VSA initiated its coverage of dual listed hole in the ground wannabee gold miner Bullabulling Gold (BLG) at 7.15p with a speculative buy stance last October. With the shares at 1.875p the unrepentant broker’s stance is unchanged.
Bear raider Evil Knievil ( Simon Cawkwell) has been short of Avanti Communications (AVN) a good while and after today’s profits warning he says that he remains short, telling me that “Avanti is simply not investment grade material.” Cawkwell says that Avanti may turn the corner but equally it could disappear altogether. He says that he has no intention of closing his short.
One of the great truths of investing is that just when you think you know what’s going to happen the complete reverse happens. I was fully expecting Hess Australia to elect to commit to drilling the 5 wells required to earn their interest in the Beetaloo permits by the agreed deadline of 28th June last month. So I was as surprised as every one else that the deal never went through. Falcon oil & Gas (FOG)had previously granted Hess an extension from August 2012 to June 2013.
After dropping 23 percent in Q2, the U.S. Comex gold futures have rebounded 1.81 percent so far in July. The Dollar Index is marching towards the 85 handle, after falling 0.29 percent last month. The S&P 500 index suffered its first monthly loss since October 2012 in June, but has rebounded 2.87 percent in July.
Ferrexpo (FXPO) was the star of the FTSE 350 yesterday announcing an 11.4% YOY increase for Q1 in iron ore pellet production helped by the start of output from its FYM operation. It is now ramping up rapidly so that it can produce 859,000 tonnes of Iron ore pellets. Are the shares still a buying having jumped to 155p?
I ask you to cast your mind back to November 2012. The 15th to be exact. It was when AIM listed Sefton Resources (SER) announced the acquisition of new oil operating assets in Kansas. It was all terribly exciting stuff.
This article by two employees of Eric Sprott, the guru of gold and ( especially) silver stocks has just appeared and is fascinating, if a tad conspiratorial in tone. It reads…
Silver’s year-to-date performance has been the worst among all commodities, falling 35% from January to June 30th this year. It’s been a rough ride for those who have held on, but recent news should give silver investors a reason for some renewed optimism.
Do not get me wrong – I like Ariana (AAU) and think that the stock is cheap at 1p but the latest research from paid for researcher Edison is, er….complete crap.
Centamin (CEY), the gold miner operating in the delightful peaceful paradise on earth that is Egypt has today announced Q2 production numbers. As a bear of this stock since last summer when Egypt headed down the Islamofascist route it would be churlish of me not to admit that the numbers are not excellent. They are superb. But with respect that is not the point.
Fox Davies has today adjusted its metals price and currency forecasts. In most cases the broker has slashed its forecasts but for copper there is a small upwards revision and this – plus changes to its Euro forecasts (down) is good news for Spain based wannabee copper miner EMED.
AIM-listed specialist recruitment group Hydrogen (HYDG) has updated of “continuing uncertainty in recruitment markets”. The company reported 2012 revenue of £167 million and its update suggests investors with an interest in the sector may be well served reviewing how well the companies they are invested in are positioned for the operating environment Hydrogen reports...
Top broker Fox Davies has today slashed its forecasts not only for gold and silver but for the base metals as well. This is not just a reaction to recent tumbles. It is not just 2013 numbers that have suffered cuts of up to 20% but also forecasts as far out as 2016.
Orogen Gold (ORE) announced on 4th July 2013 '' Trenching at Gindusa West - very high gold grades '' what does this mean to Orogen gold and what has happened to the share price? The stock now trades at just 0.25p valuing Orogen at £5.7 million – less than a year ago the shares were trading at 0.73p
Shares in AFC Energy (AFC) have performed well of late, more than doubling since Roman Abramovich’s vehicle Ervington Investments acquired 15% of the company last October for the price of an ageing midfielder (£8.7 million). The shares trade at 38.75p today down from a recent high of 50p to give a market cap of around £90 million
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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