Following a trading update earlier this week niche consumer and motor finance provider, S&U plc (SUS) has announced that Chairman Anthony Coombs has sold 16,800 shares in the company at 1558p each “in order to assist in meeting market demand”, though retains an interest in 1,751,475 shares, whilst researcher Edison has initiated coverage of the company. The following updates.
After “several months spent carefully evaluating our strategic alternatives”, the board of Andor Technology (AND) is now recommending the 525p per share offer from Oxford Instruments (OXIG), believing that it “represents the best possible means of maximising shareholder value in the short to medium term”. The following reviews the prospective deal.
Does anyone know what exactly WANdisco (WAND) does? I suppose paid for researcher Edison must have sort of Scooby as it is trousering a big cheque to write research reports on the stock.
Shares of Supergroup (SGP) have rehabilitated themselves since the summer, a point witnessed by the way that July treated us to an unfilled gap to the upside through previous 800p 2013 resistance.
Looking at the daily chart of Rare Earth Minerals (REM) since the end of August it is not difficult to imagine that every speculator in town is betting on when/if there will be a new leg to the upside. Fear not speculators…
Researcher Edison has increased its forecasts for accesso Technology Group (ACSO), the former Lo-Q plc, following the company’s $13 million (£8 million) acquisition of US-based ticketing and point-of-sale technology provider to the attractions and leisure industries, Siriusware Inc. The following updates and reviews the value implications.
When even those paid to write research are not shouting loudly from the roves of the fan club building that your shares are cheap, you have a bit of a problem. And that brings me to Bulletin Board Moron darling Gulf Keystone (GKP) at 178p.
Fox Marble (FOX) has updated that “production levels are being achieved in line with expectations”, that it is“seeing repeat orders from early customers” and that “successful entry into the key USA market is gaining traction”but that its planned processing plant on its factory site “is likely now to be delayed, on current estimates by up to six months” (completion previously planned by April).
The U.S. Comex gold futures staged a rally of 2.18% on Tuesday to end at $1,261.10. The jump was the biggest percentage rise since 17 October. The CRB Commodities Index also jumped 0.76% this week. Year-to-date, the gold futures have fallen 24.75% while the S&P 500 Index has surged 26.39% and the Euro Stoxx 50 Index has risen 12.33%.
On the 2 December I asked whether Standard and Chartered (STAN) shares would bounce or not bounce off a technical chart support line? Now we have the answer! The share price then, was 1429p; today, last seen, it was 1286p, down a further 10% on talk of a rights issue. Having cracked that perceived trend support line, they are now at or very close to the bottom of a near three year trading range.
Hello Share Swappers: There has been a fresh slant in the news about ethical investing. A big charity has been alleged by the BBC to have invested in tobacco companies, drinks firms and an arms manufacturer.
Schumpeter was an economist of a Marxist bent and thus his thoughts can neatly be summarised as those of a prize loon who was wrong on all counts. But his concept of creative destruction can in a variant form be used to describe the beauty of capitalism and that brings us to what looks to be a cracking deal for Kefi Minerals (KEFI) announced today. I met up with the Kefi team yesterday and was made an insider and so have had time to ponder.
Following Shareprophets teaming up with spreadbetting company ETX, I have entered a charity Christmas trading challenge with Tom Winnifrith. I hadn’t spreadbet before until a few days ago and tend to focus on longer-term investments but, for a good cause, here goes…
The next sizzling hot share tip from the new HotStockRockets website will go live tomorrow (Thursday) during market hours. Our readers will get to know about it for as little as £5 a month ( or less!).
Any director share purchases are not necessarily a signal that the director sees value and can indeed be an indicator to the contrary.
KEFI Minerals (KEFI) has announced that it will buy a 75% interest in the Tulu Kapi gold deposit, which dilutes to 71.25% after allowing for the Government’s 5% free carried interest, from Nyota Resources for the sum of £4.5 million. According to a research report out from house broker Fox Davies this is an “excellent” deal.
As far as shares of Wandisco (WAND) have been concerned in the recent past the name of the game here has really been to avoid getting over excited regarding the upside scenario while at the same time acknowledging that the shares are in an ultra-bullish uptrend and if anything, this kind of price action can surprise to the upside.
AIM listed North American oil producer Magnolia Petroleum (MAGP) has today issued what appears to be a strong update on its drilling programme in Dakota. House broker reckons that there is no need to alter forecasts but has reiterated its stance of buy at 3.5p with a 4.6p target in a note out today.
The comedy continues. We expect a statement today from Rivington detailing how various members of the board and senior management team have been shopping in the Rivington store. We gather one senior member of staff has just picked up a whole company with 7 employees for just £1. Given how the Rivington website says that all its operating businesses are profitable it looks as if Santa has come early for someone.
As you might expect the Closet Chartist is very often on the receiving end of some rather strange requests, and not all in the area of technical analysis.
What will Father Christmas be putting in the stockings of the writers of ShareProphets, nine share tips, plus what sexism at the BBC
In today's bearcast I take inspiration from Roger Lawson looking at the sins of KPMG at Carillion (CLLN) and EMIS (EMIS), not to mention Quindell (QPP). What to do? I look more at Dignity (DTY) and conclude that - having examined numbers from Beyond - the company is fecked. I look at the dumbest snowflake financial journalist going - natch he works for the Daily Mail. And I wonder should one follow the bears, I review the most shorted stocks on AIM and the main market including IQE (IQE), Debenhams (DEB) and Telit (TCM)
KEFI Minerals (KEFI) has updated on the most recent quarter, including on Tulu Kapi project financing and that “the final Tulu Kapi project models were agreed within the consortium and uploaded into the formal financing data rooms. They show some improvements for shareholders, as compared with recent company guidance”…
The current exuberant mood of the market has thrown up some great opportunities for bears as well as bulls on AIM recently. But for bears they are not for the faint hearted. Timing is particularly difficult when shorting rubbish and, particularly in these times, it pays to drip feed into a position and to maintain plenty of margin. Even then it is not unusual for a stock to double against you as happened to me recently with Online Blockchain (OBC)
It can be difficult just buying and holding a share at times, especially when nothing is really happening with the share price and many of its peers are seeing large rises.
Gold is positioned for a major breakout in 2018 and the gold stocks and Silver are not far behind. That is the claim of Jordan Roy Byrne the Technical Analyst at Palisade. In the video below he demonstrates his thesis by analyzing 6 different charts and the key resistance levels these markets could test very soon.
Again Carillion (CLLN) dominates the news and the political class is talking utter tosh with our useless Prime Minister Mrs May leading the way. By way of contrast Luke Johnson is superb in his Sunday Times Column today. Luke for PM before it is too late.
I noted yesterday that Blue Prism (PRSM) was one of the most shorted shares on AIM. And having had a butchers at the numbers I can see why.
A note popped into my inbox with regard to the demise of Carillion. At first glance, it seems we’ve all been here before – way back in 1990 (when even Tom Winnifrith was a young man). For Carillion today, read Coloroll then.
If you listened to my bearcast of yesterday you will be in no doubt that I am aa big bear of Dignity (DTY) based on some simple maths. I take my hat off to a ShareProphets reader (Buy100ozSilver) for his maths in our comments section. His ( or her) post merits a wider audience.
It being the weekend, I thought I would take a break from stock specifics and make a few observations about a brilliant film that I watched recently on Netflix that I would recommend to anyone interested in investing, and particularly short-selling, as it tells the fascinating true story of Bill Ackman’s costly billion dollar short against alleged pyramid scheme, Herbalife (NYSE: HLF).
It's been 18 months now since I cut the (virtual) cord with Sky TV (SKY) and I can't say that I have missed anything, except a £50 per month-ish bill. It's been replaced by Freeview, at the impressive price of free, and Netflix (NASDAQ:NFLX) at £6.99 per month.
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