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David Lenigas talks bollocks and hopes London can become a natural home for fraudsters
The NEX Lobster pot has new owners and comical David "100 billion barrels of oil" Lenigas has welcomed this on the grounds that the new bosses may ban short selling on the lobster pot. Natch this is total bollocks.
- By Tom Winnifrith |
- 5 July 2019, 13:18 |
Live Company – “pleased to provide a Trading Update… regarding current trading, financial performance and outlook”… Really?
Toy bricks-based shows group Live Company (LVCG) “is pleased to provide a trading update for the six-month period up to 30 June 2019, ahead of the Annual General Meeting… The following comments will be made regarding current trading, financial performance and outlook for the financial year at the opening of the meeting”. “Pleased to provide” such information hey – sounds promising…
- By Steve Moore |
- 5 July 2019, 13:10 |
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SDX Energy– Morocco high margin gas – Is it more hot air than gas?
Until recently SDX Energy (SDX) looked in great shape with Egypt oil and Morocco high margin gas following the Circle Oil deal and South Disouq gas production due on stream. Then seemingly out of the blue, on 17th May, we were told that the CEO is taking a long walk from a short plank, production forecasts were cut and projects delayed. What happened? I think I can see the answer, and why it could be a while before things change.
- By Peter Brailey |
- 5 July 2019, 12:32 |
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Tom Winnifrith Bearcast: Gosh the Guardian is a poisonous and vile rag
I start with a few words on The Guardian's obituary of Uncle Chris. I look at the deliberate spoof and placing at Mirriad (MIRI) answer your questions on Kefi (KEFI) look at the NEX lobster pot with its new owners and finally return to Anglo African Oil & Gas (AAOG) where a statement about THIS is needed ASAP
- By Tom Winnifrith |
- 5 July 2019, 11:38 |
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SIG proving you can't cost cut your way to growth
I think it was after some great storm which had ripped up a few thousand roofs that I first became aware of SIG plc (SHI), which describes itself as a 'leading European supplier of building materials'. A fund manager colleague of mine was all over it like a rash and I remember one old-hand responding at the time 'SIG is easy...you buy at one quid and sell when you have made a decent turn'. Looking at the company's share price chart over the last decade, this advice has been pretty spot on…
- By Chris Bailey |
- 5 July 2019, 11:00 |
Carclo – already searching for a CEO, now CFO resigns… and more…
Previously writing on Carclo (CAR) I noted a mess at this company was further evidenced with that a 19th February-announced Interim Chief Operating Officer who Executive Chairman Mark Rollins described as having “experience… extremely well matched to the immediate needs of Carclo and I am convinced he will successfully lead the group's operations in making sustained improvements for the benefit of customers, employees and shareholders alike”, became “the recently appointed interim COO role quickly being eliminated in order to provide greater clarity and swifter decision making”! Now another “Directorate Change” announcement…
- By Steve Moore |
- 5 July 2019, 10:22 |
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Neil Woodford’s Equity Income Fund – latest dividend shows what a mess he is in
The latest dividend details have been released by Neil Woodford’s Equity Income Fund (WEIF) and apart from getting the xd date wrong the payment has slipped somewhat.
- By Nigel Somerville |
- 5 July 2019, 10:22 |
With Some Funds 'Safer' than Others, See What You Think about this Sequoia one
Hello, Share Smashers. It’s not often I look at funds rather than individual company plays, but this one looks interesting. The onerously-named Sequoia Economic Infrastructure Income Fund (SEQI) has some rather unusual companies in its portfolio, compared to many funds which run well-known names...
- By Malcolm Stacey |
- 5 July 2019, 10:10 |
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Anglo African Oil & Gas shares tumbling - urgent statement needed on two matters
Having announced a £2.7 million placing at 5.2p and a shockingly bad undeclared related party death spiral to bring in another £5.5 million yesterday shares in Anglo African Oil & Gas (AAOG) are tumbling are are now just 4.4p to sell. An urgent statement on two matters is needed. Firstly:
- By Tom Winnifrith, The Sheriff of AIM |
- 4 July 2019, 14:35 |
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Purplebricks just a few more bearish observations
For a company that will have net current assets of somewhere between SFA and £30 million by Christmas and which will again burn cash this year the valuation of Purplebricks (PURP), £314 million at 103p, is bonkers. In light of that I revisit full year numbers from Wednesday and ask you to consider a stack more red flags.
- By Tom Winnifrith, The Sheriff of AIM |
- 4 July 2019, 14:01 |
Distil – “pleased to provide an update on”… significant volumes & revenue decline?
“Distil plc (AIM: DIS), owner of premium drinks brands RedLeg Spiced Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, Jago's Cream Liqueur and Diva Vodka, is pleased to provide an update on trading for the first quarter of its current financial year”. However… it intra-day (10:13am) and the shares are currently at 1.20p – approaching 15% lower!...
- By Steve Moore |
- 4 July 2019, 12:58 |
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Utah shales have been the death of many companies and I don't see TomCo being an exception
TomCo Energy (TOM) seems to have become very popular all of a sudden with the share price almost doubling in the last few days.
- By Gary Newman |
- 4 July 2019, 12:25 |
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Pass the sick bucket! Persimmon goes on a charm offensive
You know I have had a bit of a downer on housebuilders for a good little while now. More recently - back in April – I noted on Persimmon (PSN) that:
- By Chris Bailey |
- 4 July 2019, 10:30 |
Redemption Watch: Neil Woodford Income Focus puts in a new low
This morning’s data from Morningstar shows that Neil Woodford’s Income Focus fund (WIFF) put in a new low yesterday in terms of its total assets. There was a 0.38% slippage in NAV per unit, but redemptions again took their toll.
- By Nigel Somerville |
- 4 July 2019, 09:49 |
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Tom Winnifrith Bearcast - Feelings of disgust and anger at the rigged & corrupt stockmarket
In today's bearcast I look at FinnCrap (FCAP and two of its rotten clients: Telit (TCM) and Anglo African Oil & Gas (AAOG), at vile greed at Attis Oil & Gas (AOGL) , formerly Mayan/Northcote and at the latest FRC sanctions for shoddy audit work by Delotte and audit partner Helen George. I look at Weald Basin news from IGAS (IGAS) and what it means for Uk Oil 7 Gas (UKOG) et al and at daft Sound Energy (SOU) rumours.
- By Tom Winnifrith |
- 4 July 2019, 09:27 |
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Lucian Miers' thoughts on Versarien: the only question is WHEN do the shares collapse?
I see that Versarien (VRS) has finally got rid of Patrick Abbott so that he can devote more time to defending the charges of securities fraud for which he has been indicted. I wrote back in March that his employment demonstrated a huge lack of judgement by CEO Neill Ricketts – as did the failure to disclose the matter at the time. That he should be fired so soon (eight days) after publicly standing by him a second time after further charges were revealed compounds the sense of management incompetence...
- By Lucian Miers |
- 4 July 2019, 09:25 |
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Sosandar – FY results and Q1 update
Well it looks like it's hats off to Tom Winnifrith: AIM-listed Sosandar (SOS) has reported full year numbers to March 2019 and the bald numbers are that it clocked up a loss of £3.5 million and ended the year with cash of £3.6 million. I think we can see how the maths is heading! But I’m not so sure the numbers are quite that bad...
- By Nigel Somerville |
- 4 July 2019, 09:17 |
2019 UK Investor Show ‘Dragon’s Den’ June update - comprehensive early leader extends lead
The great success that was the 2019 Global Group UK Investor Show saw three 'Dragon's Den' sessions where a number of CEOs each gave a 1 minute (well, supposed to be!) pitch and three 'Dragons' at each session each picked a stock for a £1,000 investment. Here’s the latest after another month...
- By ShareProphets |
- 4 July 2019, 09:15 |
As the Footsie Soars with the Temperature, Here are Some Members Which Have Yet to Catch Up
Hello, Share Twizzlers. This old punter generally finds that if the Footsie is rising in spectacular fashion, as it is now, then we might as well put penny shares on the back burner. That’s because most traders realise you don't have to attach big risk to your money if you can still make dosh from the (usually) safer jumbos...
- By Malcolm Stacey |
- 4 July 2019, 09:12 |
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Tom Winnifrith Bearcast: a schoolboy error on AAOG - it is far worse than the scandal I revealed earlier
Firstly, thank you for all your kind messages about Uncle Chris. Earlier I revealed a real scandal at Anglo African Oil & Gas (AAOG) HERE. But actually I made a schoolboy error and it is far far worse than I depicted. I also comment on Sosandar (SOS), a situation which is enough to turn even the most loyal and vociferous of shareholders to drink. Then I look at First Derivatives (FDP), Telit (TCM) and its latest admission, forced by myself, that it does not give a FF about AIM Rules. Finally a look at Purplebricks (PURP).
- By Tom Winnifrith |
- 3 July 2019, 16:40 |