In Bulletin Board fantasy land some morons were assuming that Churchill Mining (CHL) might have won its case by next week.
Yesterday two of the top three risers in the whole London market were wedge breakout formations – Leeds Resources (LDP) and Noricum Gold (NMG), situations that I have flagged in the past week.
On the AIM Cesspit unusual share price movements ahead of statements are par for the course. Of course nothing is ever awry. This is a market where a company can issue a statement that it is completely untrue and face no sanction (Verdes – see here) and indeed do a placing 24 hours after issue an untrue RNS (Sefton on March 6th see here) and again there is no sanction. There are no rules on the Cesspit. And that brings me to Arian Silver (AGQ).
AIM-listed international staffing company Empresaria (EMR) has updated that 2013 performance to date “has been in line with the board's internal forecasts and we remain on track to meet expectations for the full year”.
While African Eagle has been a stock on the radar as far as the minnows are concerned, the past few weeks have seen it particularly highlighted as a situation that could opportunity as much on a technical basis as on the news of the latest stakebuilding.
AIM-listed designer, developer and distributor of electronic displays Densitron Technologies (DSN) is a company I have followed since the shares traded at 11.75p in December 2010, since when 6p per share (including one special 5p payment) has been paid out to shareholders.
I offer no comment on this weekly feature it is a simple matter of observation. The two tables below show the most active discussions on the ADVFN and iii Bulletin Boards as of a Thursday morning.
I think it can said quite clearly that one of the reasons I have shied away from the smallest of the penny share brigade in the past, until I was attracted by the AIM market in the autumn of last year, is the way that you can be dealing with illiquid, spikey and very often just plain random price action. But then again, where would be the fun if this were not the case.
AIM-listed transatlantic media and entertainment company, Reach4Entertainment (R4E), has updated on trading for the first quarter of the 2013 calendar year, noting “a very positive start to the year… (having) significantly improved its performance when compared to the corresponding period last year… we expect our financial performance to continue to improve through the second half of the year, as has been the case in previous years.
Oh dear, the word on the street is that things are going badly wrong at Great Western Mining (GWMO) but apparently the company is saying that “it is all Tom Winnifrith’s fault.”
Optimal Payments was one of the AIM stars of the H2 2012 period, with the added bonus that the price action was generally “straightforward” to predict all the way up from below 50p to nearly 200p.
A post results note out from Northland Capital on Alexander Mining (AXM) suggests that the shares should go from 2.4p to 6p. The note focusses both on the 2012 numbers and also on the neew link up with Metalvalue Capital.
While it may be easy to get caught up in the “euphoria” of a big up day for private investor favourite Nighthawk Energy, the real plus point here is the constructive profile of the daily chart here over recent months.
The video of her standing-room-only session at the UK Investor Show 2013
Having added shares in specialist environmental support services group, Silverdell (SID) to the Recovery portfolio of my Nifty Fifty website at a 17p offer price in January I clearly do not look entirely Buffetesque with the shares now trading at a 14p mid.
Shares in international entertainment content owner, producer and distributor, Entertainment One (ETO), were added to the Growth portfolio on my premium Nifty Fifty website last month at a 175p offer price. The shares now trade at 190-193p following the company’s announcement of results for its year ended 31st March 2013 but they are still a buy. And here is why..
The only fully integrated provider of a wide range of utility services spanning both the communications and energy markets in the UK, FTSE-250 constituent Telecom Plus (TEP) has announced results for its year ended 31st March 2013.
While the spikey nature of the price action at Beacon Hill Resources over the past year as a whole would suggest that this is not a stock to be traded by widow or orphans, what can be said at this point is that in the post-March period there has been some positive consolidation above the 3p level.
Optiva Securities has initiated its coverage on DekelOil Limited (DKL), the West African focussed palm oil developer predicting first output by Q4 2013 and recommending that investors buy the shares at 0.98p with a 1.63p target.
Northland Securities has initiated its coverage of AIM listed Magnolia Petroleum at 2.5p with a 4.6p price target. A detailed note describes Magnolia as a breath of fresh air.
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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