ShareProphets

Thursday 20 July 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


17 July 2017, 10:02 | By Tom Winnifrith |

New Bulletin Board Moron of the week PRIZE contest sponsored by Disgraced share Ramper Roger Lawson

Today's the day that African Potash gets slung from the NEX markets or has the rules bent for them, so in normal circumstances it would sponsor this week's contest. But there is an even better sponsor, step forward disgraced share ramper Roger Lawson of ShareSoc infamy who will donate some of the Globo shares he owns as a prize.  Natch, Ramper Lawson sold most of his Globo shares before telling readers to sell, but he still has some left and even offered to help the management take the company forward.

12 July 2017, 10:36 | By ShareProphets |

8 tips, CEO interviews with Wishbone & Optibiotix & much more - The July edition of the UK Investor Show magazine is now live

The July edition of the UK Investor Show Magazine is live featuring eight share tips, a question of life after the Tories, a special book offer, CEO interviews with Optibiotix (OPTI) and Wishbone (WSBN) and much more.

 

7 February 2013, 15:19 | By Tom Winnifrith |

GMA Resources – Reversal and Share Price Over-reaction: Lucian Miers right to be short

AIM listed GMA Resources (GMA) has just returned from an eight month suspension. A cash shell (with not a lot of cash) following the failure of its last hydrocarbon business venture it has now announced a RTO which will see it owning 90% of two mining assets in Kazakhstan. The shares returned from suspension on February 5th and promptly soared to 0.9p which in effect valued the business at £700 million. That forced the company to issue a statement re-explaining its share structure – in effect saying its stock was overvalued. The shares still trade at 0.24p but are still at least 60% overvalued.

6 February 2013, 19:00 | By Steve Moore |

Craneware – continuing to build a strong position in the US healthcare market?

Following from my piece on AIM-listed GB Group yesterday, I today comment on a fellow AIM-listed tech stock which also updated on trading towards the end of last month; Craneware plc (CRW). Despite its name and its being incorporated and headquartered in Scotland (Edinburgh), the company is actually a software provider focused on the US healthcare market. With offices in Atlanta, Arizona, Massachusetts and Tennessee, its software helps hospitals and other healthcare providers more effectively price, charge, code and retain revenue for patient care services and supplies – increasing their efficiency and minimising compliance risk. The following reviews the company’s recent trading update and investment outlook…

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

Ruspetro – Farce Turns to Tragedy as refinancing “postponed”

Russian Oil producer Ruspetro (RPO) has served up another shocking statement this morning – its habit of delivering nasty surprises does not change. Having advised a short at 83.5p on January 4th I suggested on 25th of January that having refinanced its debt it was “merely one to avoid.” The shock today is that it has decided not to refinance its debt or to undertake the partial debt for equity swap announced on January 25th. This leaves its cash position looking very tricky indeed and at 50.5p the shares are once again a sell.

5 February 2013, 19:00 | By Steve Moore |

GB Group – a Great Buy or not?

Shares in AIM-listed GB Group (GBG) have been strong performers over recent years – commencing 2010 trading at 21p, they currently trade at 94.25p – capitalising the company at more than £100 million. Following a trading update last week, does value remain here?

5 February 2013, 15:07 | By Tom Winnifrith |

Imagination Technologies: Good company but price overblown: sell

Imagination Technologies (IMG) is clearly a good company. It is profitable, it is growing its sales rapidly, there is operational gearing and it generates cash and has a net cash position. It ticks all the boxes and is thus loved by investors retail and institutional. But at 523p the company is capitalised at £1.37 billion and on the basis of what is known that share price looks overheated. The shares are a sell.

4 February 2013, 15:04 | By Tom Winnifrith |

Baobab Resources – Good News in the Price, follow Lucian Miers and sell

After many years of scratching around Southern Africa for a project with real prospects AIM listed Boabab (BAO) appears to have found something that could be a winner in the form of the Tete pig iron/vanadium/titanium target in Mozambique.  With iron ore stocks all rallying sharply in the past two or three months on the back of hopes of resurgence in Chinese demand, Baobab shares have raced ahead to 35.75p which values this company at £106 million. This is a stock that has now got far ahead of its fundamental value and I can reveal that last week well known bear raider Lucian Miers opened up a short. That is a good call which you should follow.

1 February 2013, 21:23 | By Robert Sutherland Smith |

National Grid: Interim Management Statement – On course

Earlier this month I advocated a purchase of National Grid (NG.) for dividend yield. This week the company published its interim management statement for the period 1 October 2012 to 28 January 2013. It seems that my reading of the runes were pretty much correct. Regulatory management is shown to be going according to plan and shows no obvious signs of not moving into an expected new dance like embrace of mutual understanding and agreement  between the regulator and company for the years following 2013.

1 February 2013, 13:59 | By Tom Winnifrith |

Medusa Mining output guidance pared - a reason to sell?

I commented previously on London and Australia-listed, Philippines-focused gold producer Medusa Mining (MML) earlier this month. Earlier this week the shares suffered a bit of a setback on the company’s publication of its quarterly activity report (to end December 2012) which has spooked some investors into selling. On balance that is, in my view, a mistake.

31 January 2013, 14:02 | By Tom Winnifrith |

Sirius Minerals Planning Application positive but still one to top slice

AIM-listed Sirius Minerals (SXX) has announced it has delivered application documents for the onshore mining and mine access infrastructure for its York potash project to the North York Moors National Park Authority. This news on what is a potentially significant development in the UK has helped shares in Sirius – which commenced 2010 at sub 5p and 2011 at sub 14p – slightly higher to a current 27.75p, capitalising the company at £373 million. The following reviews today’s announcement from the company and the investment proposition here…

30 January 2013, 15:03 | By Tom Winnifrith |

Highland Gold Full Year Trading Statement: Buy at 114.5p target 200p

AIM-listed, Russia producing miner Highland Gold (HGM) has published a calendar 2012 trading update which reads very well. There was an 18% increase in group wide production to a record 216,885 ounces of gold and gold equivalents, exceeding guidance estimates of 200,000-215,000 ounces. The shares have ticked up to 114.5p on the news capitalising the company at £372.5 million. I wrote positively on them, at 91p, shortly before Christmas so I am already partially vindicated. But this re-rating has a lot further to go.

29 January 2013, 14:04 | By Tom Winnifrith |

Aquarius Platinum Quarterlies: Reiterate buy at 62.5p with an 80p target

On Christmas Eve I noted that there looked to be value in shares in main market listed Aquarius Platinum (AQP) at 55p. Earlier this month the shares hit more than 75p but currently trade at 62.25p, capitalising the company at £296 million, following the announcement today of production results for the quarter ended 31st December 2012. So is it time to bank gains and sell?

28 January 2013, 13:56 | By Tom Winnifrith |

Falklands Oil & Gas – sell into latest hype

Shares in all of the Falklands oil plays are ahead today thanks to a presentation by Border’s & Southern (BOR) which seems to have excited a few folk although to me it seems to contain a lot of ifs and jam tomorrow. I remain bearish on that stock but even more so on Falklands Oil & Gas (FOGL) , shares in which are 3% ahead on the Borders hype at 32.5p. I have been a long time bear of this company and would regard this temporary spike as an ideal cue for shareholders to get out for reasons that I explain below.

28 January 2013, 13:54 | By Tom Winnifrith |

Ruspetro: Refinancing helps but debt and delivery (or lack of it) the issue

Russian Oil Producer Ruspetro (RPO) has announced a partial debt for equity swap and refinancing of its remaining debts. This is good news. However before those who ignored my advice to sell at 83.5p on 4th January after an almost comical well after hours profits warning start to celebrate this company still faces serious issues. The shares have bounced back to 49.5p but while they are no longer a short I would still regard them as one to avoid.

25 January 2013, 13:52 | By Tom Winnifrith |

Globo Trading Statement - Speculative Buy

AIM-listed provider of mobile, Software-as-a-Service and telecom software products and services Globo Plc (GBO) has today announced that it “has achieved a financial performance for 2012 ahead of market expectations” and that, having completed a “transformation into a truly international technology vendor in the hottest place in the technology market today”, it aims to continue doing so. With, on the back of the trading update, the shares currently more than 6% higher at 29.5p, capitalising the company at £100 million is it too late to get on board?

24 January 2013, 13:47 | By Tom Winnifrith |

Afren: Not Fundamentally cheap

Earlier this week Afren plc (AFR), a FTSE-250 oil and gas exploration and production company which despite its size remains a darling of the Bulletin Boards, updated investors on its performance in 2012 and its outlook. This review helped the shares up to 152.5p although they have subsequently slipped back to 147p which capitalises the company at £1.595 billion. Chartists will note that 152p proved a resistance level ten months ago and failure to breach that level ( which had been support a ten months prior to that) saw the shares fall back to 100p. But I’d rather burn my West Ham season tickets and start supporting Spurs than become a Technical analyst and so I review the fundamental case.

23 January 2013, 13:40 | By Tom Winnifrith |

OCADO - Outlook Challenging And Dangerously Overpriced?

Shares in UK online grocer and FTSE-250 constituent Ocado Group (OCDO) closed more than 6% higher, at 101p, yesterday on the back of news that the high-profile ex-Marks & Spencer boss Sir Stuart Rose is to take a Non-Executive Chairman role at the company. With this following a trading update from the company last week, the following is my take on the current investment proposition here…

22 January 2013, 13:42 | By Tom Winnifrith |

Cape – Dividend will be held: Buy at 228.5p for a 6.13% yield

Cape (CIU), the FTSE 250 constituent which provides essential, non-mechanical support services to the energy and mineral resources sectors had a pretty dreadful 2012. On 29th March its CEO Martin May stood down with immediate effect. Six months later we had a repeat announcement, this time it was the FD going. In between the company served up a dismal set of interim numbers, 

18 January 2013, 13:46 | By Tom Winnifrith |

Telecom Plus: I was wrong to bank gains: Buy

Telecom Plus (TEP), now a FTSE-250 constituent, is a very successful past share recommendation from myself. I recommended the shares at 187.25p in January 2008 on t1ps.com, the site I founded in 2000 and ran until September when I left and set up the Nifty Fifty website. Prematurely, I banked gains at 691p in July 2011. The shares dipped below 600p that August but have since risen again, to currently trade at 975.5p, capitalising the company at more than £687 million. The following details my current view…

18 January 2013, 13:38 | By Tom Winnifrith |

ASOS Trading Statement: Evil Knievil and the Bears will carry on getting burned

AIM-listed international online fashion retailer ASOS (ASC) has published a positive update on December trading – sending the shares up to £26.60, which capitalises it at more than £2.19 billion. The following reviews the trading announcement and current investment proposition from this company that great bear Evil Knievil has consistently shorted and consistently got wrong…

17 January 2013, 13:36 | By Tom Winnifrith |

JD Wetherspoon Trading Statement – Not My Cup of Tea

UK pub owner and operator and FTSE-250 constituent JD Wetherspoon (JDW) has today provided an update on current trading ahead of its results for the six months ending 27th January 2013, which are expected to be announced on 15th March. The share price has risen from a little over 370p in May to 518.5p at the close today but I am struggling to see why anyone should get that excited about the state of play.

6 days ago | By Malcolm Stacey |

Why Legal & General's Graph Looks Like a Stairway to Heaven

Hello Share Turners. As I’ve mentioned before, I’m a fan of insurance companies. They seem to be the one arm of the financial industry which is really coming along. Firms like RSA (RSA), even with its massive PE ratio, and Admiral (ADM) are paddling forward nicely in the river of capital returns and juicy dividends.

6 days ago | By Tom Winnifrith, The Sheriff of AIM |

MySQUAR Limited – was brought to AIM and is audited by PKF Littlejohn – what could possibly go wrong?

In a brochure boasting of its (dis) services to the capital markets, auditor PKF Littlejohn proudly lists some of the clients it has helped bring to London’s capital markets (some of which it also audits). The roll call of shame includes:

6 days ago | By Tom Winnifrith, The Sheriff of AIM |

Nomad Cenkos put "on record" re the Mercantile Ports fraud - letter 6, about Mr Gandhi the chairman

When disgraced AIM casino posterboy Mercantile Ports & Logistics (MPL) moves from being a member of the minus 98% club in which it currently sits to being a member of the minus 100% club, I want it known that Nomad Cenkos has been fully aware of massive issues all along and has done nothing other than bank obscene fees. As such we have run a series of letters from a big shareholder to Amber Wood, head of Corporate Governance at Lagos Securities, HERE and HERE and HERE and HERE and HERE.  Now for letter six which puts fragrant Amber and Lagos, Nomad to the Quindell (QPP) fraud as well, on notice for when the final wipeout occurs that they will be held accountable. This letter has also been cc'd to AIM Regulation - I know they are useless but surely even they must realise that Lagos Securities has "form."

6 days ago | By Cynical Bear |

Challenger Acquisitions: Oh, oh, the wheel has finally stopped turning – could this be the end?

Not that Challenger Acquisitions (CHAL) has bothered with an RNS but the wheels are literally falling off here with disastrous news pertaining to its only real asset, the New York Wheel. If you haven’t got out already I suggest you do so now and save a few pennies while you can.

6 days ago | By Steve Moore |

DX Group – anticipates continuing challenging trading, CEO & FD ‘step down’

Having listed at 100p per share in February 2014 and currently suspended at sub 10p amidst reverse takeover discussions for John Menzies' Distribution division, parcels, mail and logistics group DX (DX.) has now announced “an update on trading, reorganisation of the business and board changes”

6 days ago | By Tom Winnifrith & Steve Moore |

Fox Marble , shares down on Beaufort appointment - unfair but the RNS is a lie from a brain dead PR firm

Shares in Fox Marble (FOX) fell by almost 10% to 8.25p-8.5p on the back of news that it had appointed Beaufort Securities, Belfort Secs to its legion of admirers, as the company's joint broker. The assumption is that Belfort, whose clients are mainly bucket shops, will be doing a discounted placing. that is not the case, Fox has enough cash to get it through to profitability but Belfort's reputation proceeds it. Fox has gone on the record to say there is no placing.

6 days ago | By ShareProphets |

Post half-year 2017 update: Top shorted London-listed shares

From the FCA's spreadsheet of short positions required to be disclosed to it, we previously updated at Easter the top shorted London-listed shares HERE. The following updates, showing those with a current reported short position of +7% (those in bold new entrants post the Easter update)...

6 days ago | By Tom Winnifrith |

Why the Federal Reserve is doomed to failure, and soon - and how to hedge against it

Jekyll Island is a real place, off the coast of Georgia, it marks the birthplace formation of the Federal Reserve System. In 1910 a group of wealthy bankers and industrialists met and formulated a plan to take over the money system. In this podcast G Edward Griffin discusses why - 104 years later - the Fed is doomed and will fail.

6 days ago | By Tom Winnifrith |

Plant Health Care- you confuse management greed with incentive

In theory share options are there to incentivise management. There is of course scant evidence that directors who are often grossly overpaid will actually work even harder/be less lazy because they get to have a one way bet on the share price. It may encourage actions that drive short term share spikes but is there a proven link between options and value creation? Er... no. What we we do know is that options are not cost free.

6 days ago | By Steve Moore |

InterQuest – management-buyout attempted robber barons extend offer again as still struggling on acceptances

The attempted robber barons of the InterQuest (ITQ) management buyout team (at Chisbridge Ltd) have made an “Update on Level of Acceptances and Offer Extension” announcement…

5 days ago | By Malcolm Stacey |

Its Big Unification Drive Could Crown Kingfisher as a Royal Share.

Hello Share Tickers. Shares in Kingfisher (KGF) have taken a pounding since the end of May. But the current share price of 295p, down from 368p then, may be worth more in my opinion. 

5 days ago | By ShareProphets |

Table of shorted AIM shares - week to 14/07/2017

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...

5 days ago | By Nigel Somerville, the Deputy Sheriff of AIM |

Stuttard’s Septic Seven July update: when will it be two?

Oh boy, it’s time to revisit Marcus Stuttard’s Septic Seven and we have yet another suspension. You will recall that this portfolio of seven diversified stocks from the AIM Casino was chosen for Mr Stuttard so that he might demonstrate his faith is his own regulatory setup at the world’s most successful growth market – but with the caveat that all the stocks selected had been Red Flagged but were still trading. In the week that the LSE washed its hands of any responsibility for fraud it is scores of the doors time, after not quite 10 months.

5 days ago | By Tom Winnifrith, The Sheriff of AIM |

African Potash - will the fraud be thrown off NEX on Monday or will the establishment bend the rules for Lord Hain of Sleaze?

To be thrown off one market because your adviser tired of signing off on lies is understandable, if you are a fucktard in AIM Regulation who does not care about fraud. But, to paraphrase my fellow Anglo Irishman Mr Wilde, to be thrown off two markets for that reason looks like carelessness. And that brings us to the fraud African Potash (AFPO).

5 days ago | By HotStockRockets |

Collagen Final Results - well telegraphed: BUY

What with all the trading statements and the placing at around the year end, results from Collagen (COS) were pretty well telegraphed. There were no surprises but the CEO statement is upbeat and that seems to have been overlooked.

5 days ago | By Tom Winnifrith |

Video: Gold, silver and precious metals - the primary trend is down

In this video from Jordan Roy Byrne, Palisade Capital covers Gold and Silver and where they could go over the very short and medium term. It also covers gold stocks which are trending lower slowly but remain in a massive multi-year bottoming process. Overall the picture is one that will make the bears not the bulls happy bunnies.

5 days ago | By Tom Winnifrith & Steve Moore |

Begbies Traynor – positive full-year results, a counter-cyclical buy

Begbies Traynor (BEG) has announced results for its year ended 30th April 2017 and that “we anticipate a growth in earnings in the new financial year”

19 July 2017, 12:46 | By Tom Winnifrith |

UK Oil & Gas - It is great fun to laugh at Lucian Miers but....remember Sound Energy

Lucian Miers advised shorting UK Oil & Gas (UKOG) and went short himself at c3.1p, boasting that twice before he had made a packet on the short tack with this perennial darling of the educationally sub-normal wing of the provisional private investor army. The shares are now 4.65p and the Bulletin Boards and the comments section on this website are full of posts by folks laughing at my old friend, the Bard of the Boleyn. So has East London's most feared short seller lost his marbles as well as a vast amount of dosh?

19 July 2017, 08:18 | By HotStockRockets |

Optibiotix - another day, another deal, O Hara confirms the ARM model - BUY

OptiBiotix (OPTI) has announced another sales deal. Like others it is small to start with but will build up and this grows more and more reminiscent of the early days of ARM. Check out the Steve O'Hara quote at the end of the release.

19 July 2017, 08:24 | By Tom Winnifrith, The Sheriff of AIM |

EXPLOSIVE: Nyota - here is the document that damns Peterhouse and Beaumont Cornish as not fit for purpose

Thanks to the Winnileaks service I am able to bring you a document that shows that Nomad Beaumont Cornish and broker Peterhouse have misled investors, costing mug punters tens of thousands of pounds and as such both firms should lose theoir license to practice.

19 July 2017, 12:45 | By Nigel Somerville & Tom Winnifrith |

Advanced Oncotherapy – Bracknor gone, new loan for £3.9m. Is all suddenly rosy in the garden? Er…

AGM day for AIM-listed Advanced Oncotherapy (AVO) and it has pulled something out of the hat. The shares have shot higher, death spiral outfit Bracknor is history and Advanced doesn’t look like going bust now for at least 4 months. But is the deal as good as believed? Er..no.

19 July 2017, 13:12 | By Tom Winnifrith |

See you in Court Bitchez Odd one out Contest - the result

We asked you a simple question HERE. Look at the mugshots of the dirty half dozen below and tell us the odd one out. For those who could not recognise the ugly sisters they were (top row first, left to right): Dodgy bubble Costis from Greek fraud Globo, disgraced share ramper Roger Lawson, the king of the fraudsters Rob Terry of Quindell, lyin' Chris Cleverley of African Potash, Peter Shea of Daniel Stewart and Jimmyliar Ellerton of Sefton infamy. So who is the odd one out? No-one got this one correct.

19 July 2017, 11:26 | By HotStockRockets |

Metal Tiger – Botswana progress, but much more expected soon:BUY

Metal Tiger (MTR) has updated on progress on the T3 MOD Resources (ASX:MOD) joint venture project in Botswana – including previously outstanding drill hole assay results and that next month “we anticipate being able to release an updated and enlarged, T3 Mineral Resource Estimate”

20 July 2017, 11:02 | By Tom Winnifrith |

House of Britannia in administration, liar Simon Petherick strikes again - Daily Mail to apologise?

Oh dear, Oh dear. As predicted here many times it has not ended well at House of Britannia, the company established by serial shyster Simon Petherick. An administrator was appointed on 29 June. Now for the roll call of fame.

20 July 2017, 08:50 | By Tom Winnifrith |

MySQUAR - are its claimed user numbers exaggerated?

On 16 January 2017 MySQUAR (MYSQ) claimed in an RNS that the number of registered users of its apps had exceeded 7.5 million. But was that actually true?

20 July 2017, 08:32 | By Tom Winnifrith, The Sheriff of AIM |

Milestone's Deborah White for the highjump? Shareholders demand her head

I have it well sourced that the leading shareholders in AIM Casino listed Milestone Group (MSG) have demanded the immediate resignation of its serially underperforming CEO Deborah White. And the demand is backed with menace.

19 July 2017, 15:56 | By Steve Moore |

Lombard Risk Management – AGM Statement commences ‘positive market for products’, so why are the shares leading fallers?

An AGM Statement from Lombard Risk Management (LRM) commences that “the company continues to see a positive market for its products with the landscape largely unchanged since we announced our 2017 full year results in May”. Yet the shares are leading fallers, currently down circa 15% at around 11p…

19 July 2017, 14:00 | By Steve Moore |

Hotel Chocolat – full-year trading update, revenue “slightly ahead of market expectations” but what about profit & cash?

“Trading Update” announcement from chocolatier and retailer, Hotel Chocolat (HOTC), which near the start includes revenue “slightly ahead of market expectations”. The shares are though currently slightly lower, at circa 335p. Hmmm...

20 July 2017, 08:08 | By Tom Winnifrith |

Major Autumn Rally Coming in Gold & Gold Stocks

We are seeing pretty classic gold action. Gold stocks are normally more volatile when compared to the regular markets. The U.S. system is currently very dysfunctional, nothing seems to get done, just like it was under Obama. Overall this will affect the psychology with the dollar. The Canadian dollar and gold charts look very similar since these are tied to natural resources. The Canadian dollar improvements in recent weeks have caused Canadian mining stocks to move up in US Dollar terms. We still need some sort of catalyst, an external event, some small drop in the markets to get things started. People are going to be surprised how quickly gold heads for the all-time high.

19 July 2017, 10:55 | By Steve Moore |

Eagle Eye Solutions – a “pleased to announce” trading update, so why are the shares lower?

SaaS digital promotions technology company Eagle Eye Solutions (EYE) “is pleased to announce” a trading update for its year ended 30th June 2017. The shares have though responded more than 3% lower, below 250p…

20 July 2017, 09:57 | By Chris Bailey |

Easyjet's big challenge: not Brexit but who's the new captain?

I really do commend to you the search capability on the ShareProphets website because it provides a great short-cut to who-said-what-when. It was last August when I last mentioned Easyjet (EZJ) and since then the stock has been volatile but positive. Ok, it certainly did take a bit longer than I thought AND there were a couple of sub 1000p/share diversions...but you know what it is like with these low-cost airlines: take-off is not always precisely on time...but you get there eventually.

19 July 2017, 08:11 | By Malcolm Stacey |

British Land Seems Undervalued and Might Be Worth Building On

Hello, Share Cinchers. It’s been a while since I last commended British Land (BLND) to you. I don’t regret that, though the share was falling at the time and has yet to really rebound. The company deals in what they are not making any more of and it owns it around the UK, including where it’s most costly: London.

20 July 2017, 08:01 | By Malcolm Stacey |

City of London Reaches Out to Far Flung Places to Reap Growing Profits

Hello Share Troggers. A share I’ve oft commended to you on this legendary website, and occasionally disparaged, has published a trading report for its year ended in June. And it tempts me to buy a few more shares.

20 July 2017, 15:49 | By Steve Moore |

Audioboom – interims, ‘ideally placed to be a leading player in next evolution of the internet’?

Audioboom (BOOM), which describes itself as “the leading spoken word audio on-demand platform”, has announced results for its half year ended 31st May 2017, with CEO Rob Proctor arguing “we are ideally placed to be a leading player in this next evolution of the internet”