ShareProphets

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


9 July 2013, 13:06 | By Steve Moore |

Dillistone Group - acquisition

AIM-listed recruitment software company Dillistone (DSG) has announced an initial £0.75 million (and up to £1.95 million subject to various recurring revenue targets over the period ending 31st March 2015 being achieved) acquisition of FCP Internet, a software-as-a-service provider (of its ‘Evolve’ product) to recruitment agencies in the UK.

Dillistone notes that “FCP operates in the same market sector as the group's Voyager software business” and...

9 July 2013, 08:14 | By Tom Winnifrith |

Lombard Risk Management Corporate Governance - that’s the way to do it

No this is not a boring piece about corporate Governance and the number of meetings that an Audit Committee should hold each year. Read on. I am making a valid point about the failure to protect investors on AIM.  Bear with me.

8 July 2013, 21:19 | By Tom Winnifrith |

Cyan – Indian delay so when is the cash call?

Cyan Holdings (CYAN) is a true posterboy for the AIM Cesspit and after eight years of non delivery it seems that nothing changes with a disastrous announcement from India today – the only real question is when is the next cash call?

To put the true disaster that is Cyan into perspective consider this. The company listed on AIM in 2005. It has to date clocked up losses of £26.5 million. Its revenues in calendar 2012 were a mighty £315,194.

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

Gulf Keystone Petroleum - unnecessarily escalating shareholder spat?

On the day Andy Murray was serving out for Wimbledon glory, the £7.4 billion M&G Recovery Fund was serving up a volley of a rather different kind to AIM-listed bulletin board darling Gulf Keystone Petroleum (GKP) – which has responded today...

8 July 2013, 18:12 | By Steve Moore |

NetDimensions - trading & operations update

AIM-listed “global provider of performance, knowledge and learning management systems”, NetDimensions (NETD) has announced that for its half year to 30th June 2013 “GAAP revenue is in line with management expectations for the period and the adjusted loss before tax will be smaller than forecast”. However, this is on forecasts reduced downwards – in the case of earnings materially – following a May announcement of a 5 year plan from the company post a $6 million placing of new shares...

8 July 2013, 17:59 | By Tom Winnifrith |

So Eruma is officially toast – what about the other 195 PLCs with CCJ’s against them? Who is next?

This morning AIM listed Eruma (ERU) a provider of counter terrorism kit announced that its trading subsidiary and the PLC had appointed administrators. Its shares were suspended on April 10 pending clarification of its financial position and so we can assume that it is toast. This is a wipe-out. A red flag for investors should have been that Eruma had FIVE County Court Judgements for non-payment of debts against it. As it happens another 195 PLCs also have CCJ’s against their name. So who is next to go bust?

8 July 2013, 17:13 | By Staff Writer |

Kenmare vs Sierra Rutile according to broker VSA

Following Sierra Rutile’s (SRX) Q2 production update, and ahead of both Kenmare Resources (KMR) and Sierra Rutile releasing interim figures in late-August, broker VSA Resources has published four page note in which it upgrades its stance on Kenmare and considers the attractions of the two stocks. 

8 July 2013, 15:01 | By Robert Sutherland Smith |

The Next share price has underperformed M&S this year. Is it a buy?

Well, if there is a case for buying Marks and Spencer (MKS) shares on the basis that it is more an investment in business model reform and not an investment in a recovery in the UK’s flat, stale and unprofitable economy and its stagnant consumer spending, is there also case for investing in Next (NXT) shares?

8 July 2013, 13:17 | By Steve Moore |

Anglo Asian Mining - positive copper/gold sales/production update

AIM-listed, Azerbaijan-focused, mainly gold producer Anglo Asian Mining (AAZ) has announced that, following a successful trial shipment, it has signed a new sales contract with US-headquartered international minerals and metals marketing company Seagate for approximately 750 wet metric tonnes of copper concentrate over July and August. Will this kickstart a re-rating?

8 July 2013, 08:47 | By ShareProphets |

8 July 2013, 08:01 | By Nano Trader |

Crest Nicholson share price to build higher from 340p

We all know that house builders have done well recently and with the government (in other words, taxpayers) providing “free money” to those who want it coupled with the nation’s obsession of owning a property showing no pace of slowing the sector should continue to show positive results going forwards.

8 July 2013, 06:43 | By Robert Sutherland Smith |

The Case for Marks and Spencer

Marks and Spencer (MKS) was once ‘made the weather’ in UK clothes retailing. But that was a long time ago. It was so successful on the high streets of the UK that it’s then commercial mission and revolutionary business model – essentially doing everything in-house from design to sales – was exciting material for management studies. M&S was the future and remained so for many years. 

 

That was until relatively recently as I noted at the weekend HERE in a discussion on Next.

7 July 2013, 09:04 | By Tom Winnifrith |

Which Gold stocks to own & when will they recover? The Sprott view

Today I hope to shed some light on the question – will gold stocks keep falling forever by bringing you a piece from Steve Todoruk who works for Eric Sprott at Sprott Asset Management – the world’s most successful investor in gold and silver stocks. Steve writes…

The period ending in 2010 was one of the most explosive episodes of growth for the gold mining industry, but the aftermath has been bleak.

7 July 2013, 05:41 | By Tom Winnifrith |

Why Gold is heading higher - Eric Sprott

Eric Sprott founded Sprott Asset Management in 2001, and is one of the gurus of gold (and more especially silver). This article appeared the other day summarising Sprott’s thoughts from a broadcast which went out on June 25th. It is an extreme view and clearly Sprott talks his own book but it is interesting none the less.

6 July 2013, 09:15 | By Tom Winnifrith |

Stanley Gibbons – The Funny Old world of The Stamp Industry Rumour Mill

An email arrived Friday from a reader in the Stamp Industry. The Stanley Gibbons (SGI) Flagship store on the Strand was shuttered up. The world on the street was that staff were being briefed about a shock boardroom departure. Cripes… er not cripes.

6 July 2013, 08:54 | By Steve Moore |

Gable – Full Year Numbers: reasons to be Cheerful Part 1

Non-life insurer underwriting a range of specialist commercial sector policies across seven countries within the EU, Gable Holdings* (GAH) has announced a pre-tax profit of £5.71 million, generating earnings per share of 4.32p for calendar 2012 – up from a restated 0.19p for 2011.

6 July 2013, 08:44 | By Robert Sutherland Smith |

Marks & Spencer vs Next

Outwardly Marks and Spencer (MKS) and Next (NXT) seem similar business’s; although we know that Next has been a far better investment than Marks, as is shown by the relative earn-ings and dividend records.

5 July 2013, 16:55 | By Steven Moore |

Cineworld - half-year trading update, growth and income value?

Shares in fully-listed UK and Ireland cinema operator Cineworld (CINE) were added to the Income portfolio on the premium Nifty Fifty website I write with Tom W at a 325p ‘offer’ price in May. Following a positive half-year trading update from the company on Wednesday, the shares now trade at 355.5p…

5 July 2013, 13:05 | By Steven Moore |

GB Group - acquisition

AIM-listed identity technology company GB Group (GBG) has announced a £1.32 million acquisition of CRD (UK) Ltd, the UK's sixth largest criminal records disclosure umbrella organisation, with a criminal record disclosure system which currently processes over 55,000 checks a year. This follows the November 2012 acquisition of TMG CRB in the same field and will make GB the UK's largest criminal records disclosure umbrella service...

5 July 2013, 09:07 | By Tom Winnifrith |

Goldstone Drilling Results – Can It Really Say this?

GoldStone (GRL) announced drilling results from its Ngoutou project in Gabon on 4th July via an official release which I, charitably, describe as optimistic. I understand that companies in the “jeux san revenue” exploration game must always put the best spin on life ahead of the next fund raise but there are limits.

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: