Hot share tips and all the big AIM exposes from the City's most-connected reporters
Hello Share Monkeys: It can be dangerous to talk about patterns of behaviour in Shareland. As you know, the whole shebang is contrary and does not follow the normal rules of logic.
Dear Terry: It must, by now, be clear to you from both the AGM and from reading the Bulletin Boards that the owners of Vialogy, its long suffering shareholders, have completely lost faith in you. Your performance at the AGM was an ill-tempered shambles and as our chairman you have been overpaid for abject non delivery for years.
Following a requisition from 23.66% shareholder and recently ousted chairman Peter Kennedy, AIM-listed Bglobal (BGBL) has announced that the requisite General Meeting has been convened for 11am on 22nd November in London “for the purpose of considering resolutions to remove Tim Jackson-Smith and James Newman as directors of the company”. The following updates on a situation the company states has “astonished” it.
Leyshon Resources (LRL) has updated in its report for the quarter ended 30th September that “a detailed review is underway to understand which zones will be flow tested” as the analysis of logs and side core samples from drilling of the ZJS7 well on the Zijinshan gas project in China has largely been completed “and the results are consistent with those previously announced from the wireline logging.”
Banking giant Barclays (BARC) today reported pretax profit of £2.85bn in the nine months to 30 September. Provisions for PPI and and impairment charges fell more than expected, at 11am the stock was up 3.1%. Today’s announcement will re-assure investors who must have been as depressed as the share price in recent months.
Traders always want to hear a definitive entry point and stop loss and target on Gulf Keystone. But right now, the position of the shares at the floor of a rising May price channel, and trading either side of the 200 day moving average at 175p means it is very difficult at the moment to come up with a definitive call.
Gulf Keystone Petroleum is taking on yet more debt with a $50 million bond offering today. The statement made me raise my eyebrows once or twice. I would not buy the shares myself but nor would I short but if forced to choose then at today’s price I’d sell. I observe.
The latest book from Tom Winnifrith is titled “The 49 Golden Rules from Making Money from Shares.” It is available at £10.25 on Amazon but thanks to Galvan we have 500 free copies to give away.
The U.S. Comex gold futures retreated 0.52 percent in the past two days ahead of the FOMC meeting announcement on Wednesday while the Dollar Index rose 0.52 percent. This week, the S&P 500 Index and the Euro Stoxx 50 Index have risen 0.70 percent and 0.53 percent respectively.
This will make one fat gentleman from Kensington happy. A 5p technical target on Kenmare Resources (KMR) may sound pessimistic but the chart is not one that should give bulls anything to celebrate.
Leyshon Resources (LRL) is going through a transformation right now and unlike a Gok Wan sketch the buxom beauty has yet to emerge. It will. Like Michael Flatley it is down but not out. The shares are a buy at 7.25p – target 14p.
Hello Share Folk. Because we find penny share action quite exciting – they can go up a lot and fall (just as dramatically) in one day – we tend to forget that big money can also be made with Footsie giants.
The fact that AstraZeneca (AZN) has induced some good news - or rather prospects of good news - is a rare experience.
It is perhaps unfortunate that Nostra Terra is such a closely followed stock and divides opinion so greatly. That is because, from a technical perspective, the ideal scenario would probably be to avoid making calls on what is even at the best of times a very volatile and fiddly charting proposition.
Currently AIM-listed, Tajikistan-operating gold company Kryso Resources (KYS) looks to have taken a further step towards an intended Hong Kong listing having appointed a ‘sponsor’ for the move. So what does this mean for the shares? We tipped them at a 33p offer on our Nifty Fifty site – they are now 39.75p
Frigging hell. It was worth getting up at 3.45 AM today to trek up to London for the AGM of Vialogy. Chairman Junk Bond and CEO Robert Dean both lost their tempers, fessed up to some real horrors and Bond described me as “The Disruptive influence at the back.” Boy I had a party and the more Junk and Bob squirmed and seethed the more fun I had. This company is a total shambles.
Globo (GBO) shares have rallied today as certain spivvy bears closed shorts but the king of forensic analysis Matt Earl (The dark Destroyer) has this afternoon served up a seminal piece which must surely cause extreme jitters in the bull camp.
What is interesting about the recent share price slump of Globo (GBO) is the way that while the sell call on a technical basis was not a high conviction one, that the shares were headed to 50p has so far panned out almost exactly.
What a spiv! Having called Globo (GBO) down to 10p after opening a short, we can reveal that once legendary bear raider Evil Knievil has closed his position at 52p. But not all bears are so faint hearted.
The board of Vialogy (VIY) has today announced an emergency restructuring which steals at least 25% of the IP from shareholders at a stroke just 4 hours before its AGM. That leaves a lot of time for sensible discussion does it not? Even by the abject standards of Chairman Terry “Junk” Bond this is a total disgrace. Why not issue the RNS 24 hours ago? It is not as if anything has been set in stone.
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.
Search ShareProphets |
Stock market news |
Complete Coverage |
Recent Comments |