Hot share tips and all the big AIM exposes from the City's most-connected reporters
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.
After my last tip to Buy and Sell African Potash (AFPO) with an 84% gain in just a few days it is time to revisit. The shares are a buy at 2.625p.
Our tax code is 11,000 pages long. That is too long. By about 10,990 pages I'd say. Its size and complexity make blunders and fraud inevitable.
Hello Share People: There is something rather wrong with UK shares at the moment. A big US share index, the S&P, hit another all-time record the other day. It keeps doing it.
Commissioned researcher Edison admits that Xcite Energy (XEL) is taking longer than expected to farm out its Bentley prospect but it claims that the value in the stock – now languishing at 98p - is unchanged by the delay. Really?
This stock offers attractive solid fundamentals and a lowly financially geared company potentially moving towards a position of capital surplus.
S&U plc (SUS), which describes itself as “Britain's foremost home credit and motor finance provider”, has announced “encouraging current trading” and that it is able to “confidently anticipate” positive results for its year ending 31st January 2014. The following updates with the shares having nudged higher in response.
The problem as far as shares of Centamin (CEY) are concerned is that even at the best of times we are looking at a situation where the price action is extremely volatile and spiky.
Brent Johnson, CEO of Santiago Capital, was recently on CNBC. “Buy gold if you believe in math,” he told viewers. Following that Henry Bonner of Sprott Capital interviewed him and the bullish predictions are below:
Given the horrible slump in the shares of Baobab Resources (BAO) in 2013 – well done TW, crawl, crawl - it would be understandable if even the least squeamish of chartists/technical analysts would shy away from making any commentary here lest their precious track record/reputation(!) might be damaged.
Most investors can see that data and the internet are still strong investment themes. Despite phenomenal growth over the last decade, consumer and business on-line activity is still growing fast. We can all see this in our day-to-day lives, as we interact with a growing range of devices.
The shares of Noricum Gold (NMG) have been on a typical journey for a gold junior in recent years. That is to say heading the way of West Ham…down. But.
Hello Share Plodders: Being a fan of Star Trek (I mean the first one, natch) I always look out for shares with a space theme.
Shares in technology company focused on identity proofing and services, GB Group (GBG) have continued to perform since it announced its CEO had sold shares in the company a couple of weeks ago – currently trading at 144.5p, capitalising it at £159 million. The following updates post researcher Edison also updating its view.
Engineering and construction business operating principally within the oil and gas services sectors, Kentz (KENZ) has announced a proposed $435 million (£266.5 million) acquisition (on a cash-free-debt-free basis and subject to an adjustment for working capital as of completion) of the field solutions business of Valerus. The following updates with Kentz shares currently approaching 9% higher on the back of the announcement, at 633p.
This is going to shock, horrify and stun you. My seventh trade in my Christmas ETX Trading Challenge with Steve Moore is to buy Aussie oil explorer Range Resources (RRL) at 1.28p at £60 a penny. “What the Castlemaine xxxx” I hear you say, are you not a mega bear?
By rights it really should have been the case that shares of Rockhopper Exploration (RKH)were able to build on an impressive October spike through the 200 day moving average now at 137p.
At 6:28pm on Friday, Oxford Instruments announced a ‘final’ proposed offer for Andor Technology (AND) of 525p per share – up from a previous 500p - and stated that it “looks forward to working with Andor towards a recommended offer prior to the current deadline of 5.00 p.m. on 10 December 2013”. The following updates with Andor having today responded.
It is just as well that the Closet Chartist is excused having to ponder over the fundamentals of a company like Nostra Terra (NTOG) since I cannot make head or tail of its RNS today.
Nine share tips tips, defending Churchill, and not missing Nigel Wray. And much more...
As I write shares in AA Group (AA.) are down by 23% at 89p and you will never gbuess which high profile fund manager is a major holder, largely for the dividend income. Yup you got it, its Neil Woodford and yes the dividend is being slashed.
You may say that fundamentals don't matter on the AIM casino. In the short run you are right - sentiment drives share prices. But in due course fundamentals always out and that inherent valuation mismatch is your opportunity to buy cheap, unloved, stock or to short over-promoted crap. And that brings us to UK Oil & Gas (UKOG), now just 1.375p after yesterday's disastrous news from Broadford Bridge. So what is it really worth?
No I have not changed my mind. I am still a bear and stand by my target price of 0.4p but after chatting to a number of folks I try to see if there is a bull case. And I record this before setting off to the Greek Hovel which is my main focus of attention pro tem to prove to my friend and fellow Hammer, Thirsty David Bick that I am still alive, I hope that he takes up my invitation to come and watch the foul mouthed ladies of West Ham in action.
Once again Waseem Shakoor has been vindicated and those morons who ignored his sensible analysis and attacked him have done their conkers. Waseem stays short of UK Oil & Gas (UKOG) and his tweets over the past 24 hours ( starting with the most recent) explain why. I think his analysis of where next is very similar to mine of earlier. Over to the great man...
"I am tomorrow, or some future day, what I establish today. I am today what I established yesterday or some previous day." So said the great Irish author James Joyce. But the question for lackey Nomad James Joyce at WH Ireland is whether his client UK Oil & Gas (UKOG) has a tomorrow, has a future day at all? A statement is needed now to clarify the financial position of his client.
KEFI Minerals (KEFI) has updated that its “activities have been unaffected as regards its daily interface with the various government agencies and with the community at Tulu Kapi” following the Ethiopian Prime Minister’s recent resignation and the concurrently announced State of Emergency - and that it “believes its finance plans remain unaffected”…
Last October I talked positively about Lloyds Banking Group (LLOY) versus one of its challenger peers, noting:
Hat tip to Andrew Monk of VSA for spotting this paper from Hult Business School. It does give you food for thought. Certainly why would anyone invested in a heavily indebted business with bigg exposure to the carrying value of cars as we known them ( Northgate or BCA Marketplace for example) or the AA? Maybe Neil Woodford should read this and ponder before he buys any more shares in the AA or BCA?
Loyal readers will know that I, like Mr Woodford, love a quiz and with my favourite week of the year fast approaching, I thought I’d run a (simpler) quiz with a Cheltenham-related prize. There’s only two questions, so I’m hoping for more than one entrant this time!
Previously updating, we noted HaiKe Chemical Group (HAIK) potentially in the 'geong, geong' stage. There has since been developments - and what does the 'Filthy Forty' look like now?...
Previously writing on energy services company Flowgroup (FLOW) in December I concluded there looks much to do, including noting potential working capital support required. There’s now a Funding Facility and Related Party Transaction announcement…
Concepta (CPT) has always had a twin track model for rolling out MyLotus in China - direct to hospitals (B2B) and direct to individual punters (B2C). On the latter front we now have news.
Chocolatier and retailer, Hotel Chocolat (HOTC) has announced results for its half year ended 31st December 2017, including emphasising “another period of strong progress… with growth in both sales and profits” and “a strong differentiated brand which offers great products and customer service and that is priced as an affordable luxury, gives the board confidence in the group's continued progress”. So why have the shares responded lower, towards 300p?...
I previously wrote on touch sensors company Zytronic (ZYT) in December, concluding then that a circa 500p share price looked little, if any, better than fair enough. There is now an update on the first four months of its current financial year…
Hello Share Splurgers. The name Prairie Mining (PDZ) might give an impression that it’s a green company. Yet it deals in coal. But this coal is ideal for making coke, and from school days I think this is a cleaner alternative to the stuff we burned to keep the ‘frost flowers’ from the inside of our windows in the ‘fifties.
AIM-listed Milestone Group (MSG) has this morning posted the most awful set of results. Having been on the AIM Casino since 2003, the company clocked up losses of £2.26 million on revenues of a paltry £24,640. Retained losses stood at a jaw-dropping £33 million and the audit report (needless to say, missing from today’s RNS) contains, we are told, a material uncertainty paragraph. I should coco.
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