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Randgold - merger confirmation...and bye-bye London!
So the Randgold (RRS) and Barrick Gold (ABX in the US) merger does come to pass. I mentioned the rumour yesterday and today the details have been realised. A nil-premia merger that creates an $18 billion gold sector behemoth which - to use the strapline the two entities are using on their presentation documents - is a 'new champion for long-term value creation in the gold industry'…
- By Chris Bailey |
- 24 September 2018, 09:33 |
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Bye-bye Draganfly - another stink the AIM Casino does not want you asking questions about
Shareholders in (now formerly) AIM-listed Draganfly (DRG) were treated this morning to news that the company has been given the AIM-Casino heave-ho as of 7am. Of course, ShareProphets readers were warned two years ago and twice more since that this run’n’coke was one for the asbestos suit and a very long bargepole – see HERE, HERE and HERE. I guess an ouzo is in order….
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 24 September 2018, 09:33 |
Malcolm Stacey heads to Russia in search of the Magic Money Tree Part 6
As you may have gathered last Tuesday, Malcolm’s long-suffering wife reckons that he has been spending too much time in The Punter’s Return and so has organised a holiday in Denmark, Sweden and Russia where Mr Stacey hopes to discover the magic money tree and an updated theme for his next novel. We left him about to catch a ferry from the egalitarian money free funded land of milk and honey that is Sweden and on his way to to Russia. Our senior reporter has now updated us on his progress since…
- By Tom Winnifrith |
- 24 September 2018, 09:33 |
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Is Sky the first FTSE-100 name headlining a deal Sunday?
So we wake to Sky (SKY) having a new owner, as media behemoth Comcast beat another media behemoth Fox (in effective combination with Disney) in a blind auction for Europe's biggest satellite TV operator. Boy did it pay up though. Comcast won with a final bid of £17.28 a share, versus a Fox bid of £15.67 a share for the 61% of Sky it did not already own. So if you own Sky shares...well done. As I own Disney shares, I feel more relief that it did not massively overpay (Disney is already buying a bunch of assets from 21st Century Fox and is in the throes of launching its own streaming channel to compete with Amazon and Netflix, so it has enough on its plate).
- By Chris Bailey of Financial Orbit |
- 23 September 2018, 11:02 |
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Tom Winnifrith Bearcast - when a celeb tips shares in Tesla....
In today's bearcast I look at Brexit and house prices, a celeb tipping Tesla (TSLA) and the nonsense MP Rachael Reeves talks about executive "fat cat" pay.
- By Tom Winnifrith |
- 23 September 2018, 10:50 |
Once again Juicin fails to win a semi naked photo of Thirsty Paul Scott in Bulletin Board Moron of the week
Juicin Drumroll demanded we bring back the Bulletin Board Moron of the week contest and last week he again tried to win in a most valiant way with a superb nomination of a UK Oil & Gas (UKOG) moron from the ADVFN asylum as you can see HERE. But I am afraid he was pipped to the post by Warun Boofit who has found some gems care of two Frontera (FRR) owning poltroons. The winning double header is below:
- By Tom Winnifrith |
- 23 September 2018, 10:49 |
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Tern – conference call answers questions? No, but it was a sell note
So hats off to AIM-listed Tern (TERN) boss Al Sisto for answering my two questions. At least, that’s what we are to believe but having waved goodbye to almost an hour of my life listening to the Q&A call the message was clear: we will release news in accordance with AIM Rules. To be fair, one of my two questions made the cut and sort of got an answer, but not one that sheds any light on the situation. The other, well….maybe next time. And then there was, effectively, a sell note from Mr Sisto!
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 23 September 2018, 10:20 |
Two shares that tipsters are avoiding in 2018
Last month Stockomendation reviewed the companies with perfect broker and tipster ‘buy’ ratings so far in 2018. This week, we take a look at the opposite side of the spectrum, and identify the two companies with the highest proportion of ‘Sell’ or ‘Avoid’ tips so far this year.
- By James Bowden of Stockomendation |
- 23 September 2018, 10:17 |
Sunday Long Reads: Creepy China credit, Nazi Art, Sex life of Beatles, Space X, Bad fat ideas
Is there anything better than sitting back and reading a well-written article on a lazy Sunday? Every week ShareProphets features some long form journalism that you'll find of interest. Grab your cuppa and enjoy these five articles.
- By Darren Atwater |
- 23 September 2018, 09:58 |
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A new Julie Meyer CCJ emerges - even though Ms Lingerie on Expenses claims she has no personal financial troubles
Whatever you say darling. But the register of CCJ's suggests something very different. Julie Meyer MBE is now on a hat-trick. Of course she also owes the HMRC, IRS, Barclays Bank and others vast amounts of cash but now it seems that another person, owed, £10,585 has been forced to seek a County Court Judgement against her as you can see below.
- By Tom Winnifrith |
- 23 September 2018, 09:28 |
Notes from Underground: The hell with it, subscribe to a completely different newsletter
Tom and I do not agree on Brexit on any level, but I do like this assessement from him:
- By Darren Atwater |
- 23 September 2018, 08:44 |
DEADLINE MIDNIGHT TODAY: One more chance for Juicin to win a semi naked photo of Thirsty Paul Scott in Bulletin Board Moron of the week
Having demanded we bring back this contest, once again, Juicin Drumroll failed to win last week but he came second and tried very hard as you can see HERE. So he is clearly desperate to win a semi naked photo of Britain's leading share blogger before lunchtime, Thirsty Paul Scott. So we will give him a fifth and final chance. Can anyone stop Juicin from winning this week? Okay here is the challenge for you all:
- By ShareProphets |
- 22 September 2018, 07:49 |
Tungsten Corp – AGM trading update, can “weighted to the second half” be relied on?
Previously writing on Tungsten Corp (TUNG) last month, I noted it had stated “monthly EBITDA breakeven during the first four months of the calendar year”, but that is very different from net cash flow breakeven – and at the company’s 30th April year-end net cash was down to £6.4 million. Now an “AGM Statement / Trading Update”…
- By Steve Moore |
- 22 September 2018, 07:48 |
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Tom Winnifrith Bearcast - how will Elon Musk cook the Q3 Tesla Books?
In this podcast I look at the EU's shameful treatment of the wretched Theresa May, it insults her but also the UK. Do we really want to be part of such a club. I look at warrants handed out by Kefi Minerals (KEFI) as it appointed shamed and disgraced SP Angel as its joint broker and I discuss how proven liar Elon Musk will cook the Tesla (TSLA) Q3 books and how that will play out.
- By Tom Winnifrith |
- 22 September 2018, 07:48 |
Big Sofa and PepsiCo – too little too late but we are not selling
Big Sofa (BST) proudly announces a deal with Pepsico. The folks who run this company really do know how to piss off their long-suffering investors don’t they? You will remember how we shareholders were guided that the company would be announcing multiple deals worth seven figures per annum with big names. They simply have not arrived.
- By HotStockRockets |
- 22 September 2018, 07:48 |
Filthy Forty – results deadline looms, will there be yet more casualties?
Since there are now just seven companies remaining of the original forty, and with the end of September coming up I thought it high time to have a gander across the remains of the ShareProphets AIM-China Filthy Forty.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 22 September 2018, 07:47 |
Table of shorted AIM shares - week to 21/09/2018
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
- By ShareProphets |
- 22 September 2018, 07:45 |
The Seven Mythical Wonders (September update) – My final review of this collection of ‘never-quite-getting-there’ companies
This series has gone on long enough so I’m bringing it to close this month with the biggest news relating to the ongoing moving of the goalposts at Kibo Energy (KIBO) which makes one wonder whether the flagship project in Tanzania is ever going to see the light of day.
- By Cynical Bear |
- 22 September 2018, 07:45 |
Minoan – it’s “pleased” re travel business sale agreement. We’re not! But...
Minoan Group (MIN) “is pleased to announce” that it has entered into a conditional agreement for the sale of its travel business – emphasising it will “allow the directors to concentrate their efforts on optimising the value of the group's project in Crete and its monetisation for the benefit of shareholders”. However, the shares are currently significantly lower, at around just 4p…
- By HotStockRockets |
- 22 September 2018, 07:44 |
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Today's Primary Bid offer is Versarien at 145p - you know I am almost tempted (in a shabby way)
At 175p Versarien (VRS) is valued at £263 million. I cannot argue with two writers on this site (Lucian and Cynical) that the valuation looks absurd based on historic profits and cashburn or even on some of the more optimistic forecasts. But it has now announced it is raising £2.9 million (or more) at 145p via Primary Bid and I am almost tempted to have a flutter. Here's why...
- By Tom Winnifrith |
- 22 September 2018, 07:44 |