The Opportunity: Small gold exploration stocks are loathed and reviled. For good reason.
Bushveld Minerals (BMN) has been something of a classic recovery play in the recent past, in the wake of the bounce from the 3p zone in November, an event which was flagged by technical / charting events.
We tipped Gable Holdings (GAH) at a 45p offer price on our Nifty Fifty Website. They now trade at 72p-73.5p. So what next?
While Apocalypse Now may have highlighted the curious attractions of napalm in the morning, it may be that as far as Mariana Resources (MARL) is concerned in the recent past it is the smell of bulls with their fingers burnt that provides an aroma to remember.
TXO (TXO) has this morning raised £500,000 at 0.1p. The shares are off by 0.02p at 0.11p. The deal is probably good news for TXO, although the dilution is painful, but that is not the real story here.
Hello Share Twiddlers: There is a view among the more cautious investor that he or she should have about three quarters of their money in Footsie companies.
A few days ago I covered Afriag (AFRI) and today came the first bit of news that I wanted to hear. The shares are up to 1.23p but are still a buy.
Added to the Growth portfolio of the premium Nifty Fifty offering last month, Vislink plc (VLK) has subsequently announced (last week) the posting of a circular convening a General Meeting on 17th December to seek shareholder approval for a move to AIM from its current main market London listing and to increase its ability to issue shares on a non-pre-emptive basis to 20% of its share capital in order to facilitate its growth strategy. Having commented on the company on this website HERE and following also an update from researcher Edison, the following updates the story.
With plastics products manufacturer for global niche markets, Plastics Capital (PLA) having announced results for the six months ended 30th September 2013 earlier this week, Cenkos - broker to the company since 2008 – has updated its view on the current valuation.
I headed off to Mines & Money in Islington yesterday, largely to see the launch of 100 Inspirational Women in Mining, a new book produced by Amanda Van Dyke and her Women in Mining Organisation. Yes, there was free champagne at the launch.
From the perspective of the bulls it can be said that in recent months Tower Resources (TRP) has been an example of everything they would wish to see – a recovery situation that keeps on giving.
The U.S. Comex gold futures declined 2.38% this week to $1,220.80 on Tuesday. The price touched $1,214.60 earlier in the day after a plunge of 2.29% on Monday
You would have thought that even being able to spell or say Petropavlovsk (POG) would give a trader some right to make money here. Er…no.
Hello Share Dabblers: There's an odd situation building up in Shareland. The Footsie is not behaving as I would, after yonks of experience, expect it to behave.
Scientific digital camera developer and manufacturer Andor Technology (AND) has announced results for a year ended 30th September 2013 which it found “more challenging in terms of sales than we had predicted” as “government expenditure in research curtailed across our principal markets”. The company has also updated that it “is disappointed that Oxford Instruments was not able to increase its offer price in light of the considerable management time that has been spent in helping Oxford Instruments understand Andor's business and its future prospects”. The follows a further letter from Oxford Instruments reiterating 500p per share as its “possible offer” amount for Andor. The following updates.
I had never done a spread bet in my life until eight days ago. But I have just completed my fifth trade – selling Cupid (CUP) at £4 a penny at 54p. My stop is set at 64p.
Last week’s announcement by Cupid (CUP) that its CEO and largest shareholder Bill Dobbie is stepping down struck me as rather odd.
If you believe in continuing US and UK economic recovery, then Wolseley (WOS) the building and construction supplier is the share to ride it.
It should have been a walk in the park for bulls of Plexus Holdings this autumn, something which the triple unfilled gaps to the upside from July and the subsequent gap fill failure above the 200 day moving average currently at £2.33 would attest to in terms of a very positive charting setup here for the oil and gas engineering group.
Centamin shares have provided entertainment all kinds to traders over recent months, although to be fair it can be said that given the horrific price action as far as the underlying metal is concerned we have not been treated to as bad a ride as one might have expected. That said, the current situation is pivotal given the way that the floor of a rising trend channel from March this year is now in play.
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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