Hot share tips and all the big AIM exposes from the City's most-connected reporters
This morning AIM listed Eruma (ERU) a provider of counter terrorism kit announced that its trading subsidiary and the PLC had appointed administrators. Its shares were suspended on April 10 pending clarification of its financial position and so we can assume that it is toast. This is a wipe-out. A red flag for investors should have been that Eruma had FIVE County Court Judgements for non-payment of debts against it. As it happens another 195 PLCs also have CCJ’s against their name. So who is next to go bust?
Following Sierra Rutile’s (SRX) Q2 production update, and ahead of both Kenmare Resources (KMR) and Sierra Rutile releasing interim figures in late-August, broker VSA Resources has published four page note in which it upgrades its stance on Kenmare and considers the attractions of the two stocks.
Well, if there is a case for buying Marks and Spencer (MKS) shares on the basis that it is more an investment in business model reform and not an investment in a recovery in the UK’s flat, stale and unprofitable economy and its stagnant consumer spending, is there also case for investing in Next (NXT) shares?
AIM-listed, Azerbaijan-focused, mainly gold producer Anglo Asian Mining (AAZ) has announced that, following a successful trial shipment, it has signed a new sales contract with US-headquartered international minerals and metals marketing company Seagate for approximately 750 wet metric tonnes of copper concentrate over July and August. Will this kickstart a re-rating?
We all know that house builders have done well recently and with the government (in other words, taxpayers) providing “free money” to those who want it coupled with the nation’s obsession of owning a property showing no pace of slowing the sector should continue to show positive results going forwards.
Marks and Spencer (MKS) was once ‘made the weather’ in UK clothes retailing. But that was a long time ago. It was so successful on the high streets of the UK that it’s then commercial mission and revolutionary business model – essentially doing everything in-house from design to sales – was exciting material for management studies. M&S was the future and remained so for many years.
That was until relatively recently as I noted at the weekend HERE in a discussion on Next.
Today I hope to shed some light on the question – will gold stocks keep falling forever by bringing you a piece from Steve Todoruk who works for Eric Sprott at Sprott Asset Management – the world’s most successful investor in gold and silver stocks. Steve writes…
The period ending in 2010 was one of the most explosive episodes of growth for the gold mining industry, but the aftermath has been bleak.
Eric Sprott founded Sprott Asset Management in 2001, and is one of the gurus of gold (and more especially silver). This article appeared the other day summarising Sprott’s thoughts from a broadcast which went out on June 25th. It is an extreme view and clearly Sprott talks his own book but it is interesting none the less.
An email arrived Friday from a reader in the Stamp Industry. The Stanley Gibbons (SGI) Flagship store on the Strand was shuttered up. The world on the street was that staff were being briefed about a shock boardroom departure. Cripes… er not cripes.
Non-life insurer underwriting a range of specialist commercial sector policies across seven countries within the EU, Gable Holdings* (GAH) has announced a pre-tax profit of £5.71 million, generating earnings per share of 4.32p for calendar 2012 – up from a restated 0.19p for 2011.
Outwardly Marks and Spencer (MKS) and Next (NXT) seem similar business’s; although we know that Next has been a far better investment than Marks, as is shown by the relative earn-ings and dividend records.
Shares in fully-listed UK and Ireland cinema operator Cineworld (CINE) were added to the Income portfolio on the premium Nifty Fifty website I write with Tom W at a 325p ‘offer’ price in May. Following a positive half-year trading update from the company on Wednesday, the shares now trade at 355.5p…
AIM-listed identity technology company GB Group (GBG) has announced a £1.32 million acquisition of CRD (UK) Ltd, the UK's sixth largest criminal records disclosure umbrella organisation, with a criminal record disclosure system which currently processes over 55,000 checks a year. This follows the November 2012 acquisition of TMG CRB in the same field and will make GB the UK's largest criminal records disclosure umbrella service...
GoldStone (GRL) announced drilling results from its Ngoutou project in Gabon on 4th July via an official release which I, charitably, describe as optimistic. I understand that companies in the “jeux san revenue” exploration game must always put the best spin on life ahead of the next fund raise but there are limits.
The Innovation Group (TIG) published interim results the other day showing a strong improvement in profitability. According to commissioned researcher Edison subsequent deal flow across software and business process services (BPS) suggests the margin expansion trajectory is well set to continue and thus successful conversion of a strong pipeline, particularly in the US, should set the stage for significant further earnings growth.
As you may remember, fully listed Office2Office (OFF) issued a dire profits warning earlier this week at 5.31 PM. Its shares duly collapsed the next day to 44p but it is not without friends. Commissioned research outfit GE&CR duly urged punters to buy the stock with a 104p target if only for a 13% yield. You are kidding me are you not?
In an exciting 2012, punters saw Bowleven (BLVN) shares reach a dizzy 102p. At a fundamental level the oil mid cap seems to have made strong progress yet the shares trade back at just 59.75p, valuing the company at £173 million. That seems largely a result of sectoral unpopularity and I reckon the shares are cheap.
The 3rd July trading update for the quarter ended 30th June from Domino’s Pizza Group (DOM) has drawn a strong divergence of broker reaction...
Vin Murria’s Advanced Computer Software (ASW) has released Full Year 2013 numbers which are good but, according to Edison Research, in a note published today, that is only half the story. It sees real upside in the shares.
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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