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Shares in online business services marketplace provider blur Group (BLUR) currently trade 22% lower today, at 82p, following its announcement of a fundraising and delayed results for the 2013 calendar year. With Ben Turney already having reviewed the former HERE, I now take a look at the results.
I can reveal that legendary bear raider Evil Knievil has reinvested a material portion of his horse racing winnings on the week (£135,000 to date) in shares in AIM listed Oxus Gold (OXS) at 2.2p.
This morning’s announcement by Rockhopper Exploration (RKH), to take over Mediterranean Oil & Gas (MOG), is a very interesting move. Shareholders in Rockhopper had readied themselves to sit back and wait for the commercialisation of the Sea Lion field, north of the Falklands Islands, hopefully by 2018. Meanwhile, shareholders in Mediterranean, flush with the recent legal victory over Leni Gas & Oil (LGO), still had a nervous wait on the outcome of the soon to spud Hagar Qim exploration well, off the coast of Malta. Today’s deal delivers a significant shake-up to the status quo of both companies and could present a buying opportunity.
Shares in research and marketing services group Cello (CLL) – now at 90p - have performed excellently since I first highlighted on this website the potential value they offered at this time last year – see HERE. However, having recently announced an acquisition which “is expected to be immediately earnings enhancing” and that it “is confident that the group will deliver half year results in excess of the prior year and that full year expectations will be met”, is there more to come here?
AIM listed Madagascar Oil (MOIL) this week announced that it had received permission to begin a six month test export programme of crude from Tsimiroro – its flagship asset.
I am drawn to a certain Bulletin Board thread for AIM listed Totally (TLY) where after one recent announcement one poster published 52 separate negative pieces. What sort of moron spends his days like that? A Bulletin Board Moron of course. Now there is a comment on Shareprophets after our most recent piece HERE. Let me address it.
Shareholders in Blur group (BLUR) woke up to a nasty shock this morning. 37% of the company has been sold in a placement, at 75p a share. It is staggering to think that Blur Group peaked at 820p, only four months ago. Reminiscent of the DotCom collapse, fourteen years ago, these sort of wipeouts just shouldn't happen. But when people get sucked into rampant, speculative hype and good old fashioned valuation methods get thrown out of the window, is it any surprise that so many get scorched fingers?
International specialist staffing group, Empresaria (EMR) has updated at its AGM that it “has made a promising start to the year” and “remains on course to meet market expectations for the full year”. Jolly good. We are now 58% ahead on an offer to bid basis on this share tip but there is more to come.
Closed-ended real estate investment company, Max Property (MAX) has announced a 21% increase in underlying net asset value per share, to 164.5p, in its year ended 31st March 2014 and a proposed first return of cash to shareholders of 15p per share. Money back to Daddy. Good News!
On Wednesday infamous bear raider Lucian Miers and Tom Winnifrith recorded a series of four videos. The first covers the markets. The second and third cover “old favourites” for the bears: Globo, blinkx, Avanti Communications, Gulf Keystone, Naibu and Iofina. The fourth covers some new Lucian shorts.
The next sizzling hot share tip from the HotStockRockets website will go live tomorrow (Friday) during market hours. Our readers will get to know about it for as little as £5 a month ( or less!).
The meteoric rise of Australian nickel play Western Areas, and its 136 per cent share price rise over the past year, must have raised the hopes of shareholders in FinnAust Mining (FAM). The company was spawned from Western Areas and floated on AIM last December. As it waits for latest drilling and assay results from the Hammaslahti copper project in the south-east Finland, speculation could well follow of a repeats of the Western Areas success story.
Hello Share Swingers: I've held our Signet (SIG) shares for many years. You know, the big jewellery stores. I've always thought that engagement rings, wedding bands, presents to girl friends and glittering watches, together with all bangles and beads, will always be in demand.
I have noted before how the yield to maturity on Gulf Keystone (GKP) Bonds was a terrifying sell signal on the equity. For folks who have ignored me I have bad news: it is getting worse.
The Bulletin Board Moron of the Week is a ShareProphets reader nsf297 who has taken grave exception to my shock Nighthawk revelations of yesterday. Nsf297 has to blame someone else for life’s misfortunes. He writes on Shareprophets comments section:
My recent commentary on Xcite Energy (XEL) has put me at odds with some of my colleagues here at ShareProphets. Despite what many of our faceless critics have to say, one thing I love about working with this company is that we support genuine debate. We don’t impose myopic, rigid editorial positions and we recognise it takes opposing views to make a market. Above all, we encourage our contributors to write what they genuinely believe. In the case of Xcite, the more I read about and research the path this company is now on, the more bullish I feel about its future.
The contracts and growing of its relationship with the NHS continue for Totally plc (TLY) and the shares are starting to respond. There is a lot more to come on that front.
James Parter revealed some quite disgraceful ramping of shares in Tangiers Petroleum (TPET) yesterday. His analysis was superb and shows why an Australian website was publishing plain untruths about this dual listed company. I suggest reading his article here.
Peter Levine, Chairman of President Energy (PPC), has a lot riding on the company’s success. After Tuesday’s purchase of another 250,000 shares, he now holds 19.38% of President’s stock. This is the second purchase by Mr Levine, at just over 30p, since the company’s deeply discounted placement in February. There is little doubt this fundraising did a lot of damage to sentiment toward’s President stock, but as the end of May approaches, and the company is due to spud the first of three exploration wells in Paraguay, will speculators be tempted to follow Mr Levine’s lead?
Banks are subject to an imperishable law of banking existence. That is to say, that just when you think you have seen the last of the bitter fruit of their earlier misdeeds another lot come along. Was it Bertrand Russell who observed that when you are waiting for a number 11 bus for a rather long time, three turn up at once? Or was it a bus inspector? It was certainly William Shakespeare who said that ‘troubles when they come, come not as single spies but in battalions.’ Except, in the case of bank troubles, the battalions keep on coming. Just you think you have seen the last march by, another one appears over the horizon.
Amit Ben Haim does not like to be at the helm when one of his enterprises goes belly up. He always quits and leaves a gent called Massimo Ventimiglia to pick up the pieces. And hence we come to Cloudtag (CTAG) subsidiary CT Technology Services.
Thank God for small mercies. Now we can start a rota on who has to listen to Brokerman Dan blathering on about blockchain and what a frigging genius Clem Chambers is. For now there is a third rogue blogger joining us as we walk the 32 miles from Horse Hill to Woodlarks on July 28. He is a man who knows Horse Hill well…
Maybe Julie "Lingerie on expenses" Meyer MBE thought Winnileaks was on holiday. Winnileaks never rests. Our latest document shows Julie playing fast and loose with the truth as she ballted to avoid facing justice against the Start Up Loans Company.
It is not as if Optibiotix (OPTI) management do not put their money where their mouth is. Just a few days ago chairman Neil Davidson splashed out £150,000 buying shares at 71p. Now we have news of an option package for three senior staffers including Davidson. No options….one way bet… nooooooooooooo you scream. No. Read the RNS.
Shares in Westminster Group (WSG), run by loathsome ex Tory MP slug, Tony “fatso” Baldry of 3DM infamy have slipped again to just 9.2p to sell. Those who ponied up £750,000 in the last bailout placing at 22p, less than six months ago, must by now realise that backing a Baldry run company is financial hara kiri. But things are going to get worse. You see the money's almost gone....
Hello Share Chewers. Small pioneering medical companies are a favourite of mine. As finding a cure for a condition which is so often overlooked by the giant pharmas has to be a good thing. Both from the point of view of patients and that of shareholders.
The extract from the Land Registry below is in the public domain and looks like a huge misunderstanding to me. Worthington (WRN) may be in administration but it seems the FCA have a few questions for its former boss Doug Ware. I am sure there is a perfectly innocent explanation for all of this.
Oh dear, I sense that in my adopted home of Greece there are a few folks heading for the slammer in connection with the Folli Follie Fraud which we helped Gabriel Grego to expose on this website. It seems like just the other day that burly security guards were chasing me away from its HQ North of Athens, as you can see HERE.
Maybe Julie "Lingerie on expenses" Meyer MBE has other problems to consider? Take it from me that she does. There is more to follow, the wheels are a turning. But perhaps she or her uber expensive bully boy lawyer Julian Pike might answer a simple question for me. It relates to ASX listed Norwood.
Amino Technologies (AMO) has announced results for its half year ended 31st May 2018, emphasising “strong revenue visibility and pipeline coverage - full year expectations confirmed” - the numbers though showing adjusted earnings approaching 60% lower than in the corresponding half in the prior year on revenue 17% lower at $41.2 million. Hmmm…
Not much has got me fired up so far this week looking at the various regulatory disclosures but I did notice an article in the newspaper that purports to be America's leading financial journal yesterday with the worrisome headline of 'Barclays Mulls U.S. Push as Activist Looms...Executives debate whether greater exposure to the U.S. retail market could both generate revenues and fund its U.S. operations more efficiently'…
I’ve touched on Immunocore a few times in passing as it one of the largest holdings in Woodford Patient Capital Trust (WPCT) as well as being the largest investment made by Dublin-listed Malin Corporation, of which Woodford is the largest shareholder, obvs! Well, it looks like it’s not a particularly happy ship and I wonder whether a (further) devaluation is required?
In this week's video update from Palisade Capital and the only technical analyst we give any time to at all, Jordan Roy Burne discusses where the market is and why it failed to break-out. Traders were anticipating a breakout, and many are likely disappointed. The dollar is consolidating and now above the long-term moving average. Concerning GDX and GDX.J, things are still pretty dull. Jordan warns that “Silver is also on the verge of breaking down out of a triangle.”
Previously writing on Cloudcall (CALL) it was 2017 results, emphasises significant reduction in cash burn… but is there?, with the shares more than 6% lower, towards 165p. Today a half-year trading update – and the shares currently down around 10%, at circa 140p…
Shares in Image Scan Holdings (IGE) reached approaching 13p last year and were 6p+ following half-year results in April before sliding in the last month, last closing at 5.5p. Now an “Acquisition and Proposed Placing” announcement…
Previously writing on SRT Marine Systems (SRT) in April, I concluded with previous delays and a current market cap of more than £30 million, I await to see evidence it is actually on-track as well as the cash flow and the balance sheet. Today a “SE Asia Contract Change” announcement…
I commented on the lunatic management at Premier Foods (PFD) a couple of weeks ago HERE, who, after turning down a perfectly good bid, are circling the wagons against activist investors who want to help to start to create value by booting out the CEO. I could not agree more with their assertion that the CEO's tenure is 'five year of failure'...
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