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...
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.
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.
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...
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...
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?
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.
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?
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?
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.
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.
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.
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.
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.
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.
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.
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…
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...
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.
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:
Search ShareProphets |
Stock market news |
Recent Comments |