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Latest News

MAIS
premium content

Maistro – fundraising at a massive discount, despite in September arguing “significant progress” & “looking forward with confidence”!

Writing on the former blur Group, Maistro (MAIS), in September with the shares at 5p, I commented “Business Update”… but it’s what has not been said - noting the previous cash flow and net cash situations. Now an intra-day “Placing” announcement…

IRV
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Interserve: you haven’t answered the question – statement a screaming sell signal

The BBC has run a story suggesting that fully listed Interserve (IRV) is going to raise cash from its shareholders and quoted a former shareholder suggesting that it won’t survive. The media picked up on it and the shares crashed again. Of course, I’ve been a bear of Interserve for an age, as regular readers will know (and been proved 100% right so far)...

STR

Stride Gaming – having been set to record a provision of £4m… £7.1m Gambling Commission fine

Having previously stated, on the basis of legal advice received, that it was to record a provision of £4 million for a Gambling Commission of Great Britain penalty, Stride Gaming (STR) has announced “Daub Alderney Limited, a subsidiary of the company, has been fined £7.1m by the Gambling Commission of Great Britain for failings in its anti-money laundering and social responsibility procedures”

BMN

Have You Heard of Vanadium? It Might Be Worth Looking at Aim Producer Bushveld

Hello, Share Smashers. Do you know what Vanadium is? For those who don’t, it’s a chemical element with the atomic number 23 and the symbol V. It’s produced by Bushveld Minerals (BMN), an AIM company with a market cap of over £500 million. The operation is based in South Africa.

Bearcast
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Tom Winnifrith Bearcast: the time of year when my hatred of Amazon mounts

I explain why I am cursing Amazon almost daily. I look at redemptions and fund managers a problem lurking under the surface but also how do private investors react to stocks going to zero or doing an IQE (IQE). I look at worrying data from China and then at Utilitywire (UTW) - another Neil Woodford car crash - and at Interserve (IRV). Ouzo for Nigel Somerville soon I sense.

IRV
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Interserve – reports & share price movement suggest close to ouzo o’clock for Nigel Somerville

Particularly Nigel Somerville has been warning on support services and construction company Interserve (IRV) – most recently with £35m contract: whoopiedoo, but it is insignificant, concluding that it left him wondering whether the company is simply trying to shore up its declining share price (then about 60p) ahead of a placing. So I still say sell. Yesterday the shares were down circa 15% to below 40p and currently today they’re further materially lower towards 30p…

VOD
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Dividend Munchers: Vodafone calms market with interims

I was really worried I had made a grave error is buying into Vodafone (VOD) for my mini Dividend Munchers’ portfolio. Of course, on the basis of having paid over 190p and the shares subsequently collapsing to well under 150p I clearly had – but fortunately had only piled up half of what I had wanted so by good fortune I escaped the worst. The question was then whether to pile in for more – so the market was wrong – or to accept I had made a mistake. This morning Vodafone offered up its interims.

Newsboy
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Three way update - Taylor Wimpey, First Group & Aggreko

Too many interesting numbers today, so a quick three into one mash up...

IQE
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IQE Clarifies profits warning: as predicted the “crowded bear trade” supports share price (for now)

I noted last night in my bonus bearcast that the real short position in IQE was, whatever the FCA says, probably well North of 20% and that as bears used the profits warning as a reason to close out what is clearly a “crowded trade” this would provide some share price support. And so it has come to pass.  The shares are up 4p at 71p having fallen 29p in late trade Monday. IQE has also clarified its profits warning and that has offered some comfort. It won’t last. You see it is all about cash.

Boom
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Julie Meyer’s black hole laid bare – Ariadne set to enter liquidation

 Bad news for the folks owed millions of quid by Julie “Lingerie on Expenses” Meyer’s flagship company Ariadne Capital Limited. The administrator having failed to realise a cent from its purported assets has sent a letter to creditors, as you can see below, saying that he is to liquidate the company, to wind it up. But hang on? What about those millions of pounds of net assets that Julie boasted of?

VCP
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Victoria - update on bond fiasco, remains a sell

It will be interesting to see how Geoff Wilding, Executive Chairman at Victoria plc (VCP), responds to what is his first real hiccup since he took the helm five years ago, growing the company exponentially with a string of acquisitions that have been welcomed by the market and seen himself and his shareholders richly rewarded...

HAYD

Haydale – paid-for researcher Hardman issues another (suicide) note

As covered here on ShareProphets many times, AIM-listed Haydale (HAYD) is in deep trouble as finally admitted last Friday. I’ve been saying sell all the way down from 78p in June of this year and the shares plunged to just 13.5p on Friday – after the company warned it was short of cash and offered, effectively, yet another profit warning (the third in three months). Last night the shares were 12.25p and Hardman, which ramped the shares after hours in September only to see the shares fall in response the next day, has had another go. It is laughable.

NG

A Reliable and Yummy Dividend Offsets Moribund Share Price Action at the Big Grid

Hello Share Squishers. There are some shares which you think you can leave to their own devices. And when you have as many firms as I have in a bulging portfolio, it’s nice to have a few shares which require low maintenance.

Bearcast
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Tom Winnifrith Bonus Bearcast: Excuse the triumphalism but crack out the fecking ouzo - IQE shocker profits alert

Ten miniutes before the close IQE (IQE) issued a shocking profits alert. The shares crashed 29% to 67p. Where will they go tomorrow? Excuse the triumphalism but I have been the biggest IQE bear going and, again, I say to my critics I was fucking well right and you are morons.  All is explained in this bonus podcast. PS If any moaning Taffies bleat on about the content well go feck yourselves and get over it. 

CERP

Columbus Energy Resources at 3.7p worth 21.4p ( was 25p)

Following the recent placing, the house - thus not impartial - broker VSA has rejigged ita valuation for Columbus Energy (CERP) in the detailed note below. The price target comes down from 25p to 21.4p to reflect the dilution but at 3.7p the stance remains buy. I agree with the conclusion but am not so sure that the price target is not a tad ambitious.

LION

Lionsgold – AIM cancellation, still though set to return?

Lionsgold (LION), which describes itself as “focused on the exploration, production and retail application of physical gold, including the development of physical gold as a currency”, announced a suspension from AIM trading on 11th May, stating that it had been “determined that the company has undertaken a fundamental change of business through the acquisition of TRAC Technology Limited (now renamed Goldbloc Limited)” – and as such a new AIM admission document was required. It was added “this process is expected to take three to four months to complete”. Today, with this not having been delivered in sufficient time, the shares “have been cancelled from trading on AIM”

GetAFix
premium content

Video: great news for Malcolm Stacey, Jeremy Corbyn and in house BB loon Wildes - we have found the Magic Money Tree

It's trebles all round on Malcolm in the Punter's Return becuase, as you can see below, we have indeed found and located the Magic Money Tree. The nation's problems are all over, vote Corbyn, sit back relax and await paradise on earth.

US-Dollar

Trump borrows the US into oblivion

For financial markets, one takeaway mattered above all others in the midterm election - no curveballs and that’s basically what was delivered as pundits who got it so wrong in 2016, correctly forecast the end of one-party rule this time. With Democrats calling the shots in the House, we could see no end to investigations, subpoenas and possibly impeachment talk and a hard push for POTUS (The President of the United States) to reveal up his tax returns. All this will slow down President Donald Trump’s plans. It didn’t have to be this way, the full aftermath of the 2008 crisis is still incomplete...
Bearcast
premium content

Tom Winnifrith Bearcast - the changing meaning of the word "refute" in the English language

In today's podcast I look at Babcock (BAB), which is not a fraud, and the fraud Globo (GBO) and the use of the word "refute". I also cover Johnston Press (JPR), RM2 (RM2) - another Neil Woodford dog - Haydale (HAYD) which looks increasing;y like a zero, Online Blockchain (OBC) and Amur Minerals (AMC)

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ORCP

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