SP Angel’s Zac Phillips wrong on Frontera as it prepares for another lie-fest on October 4
As it tries to stop its share price collapsing ahead of its much needed bailout refinancing, Frontera Resources (FRR) has announced another lie-fest, or as it terms it “shareholder update meeting followed by Q&A” on October 4. The City’s top oil analyst Zac Phillips of SP Angel is damning on this POS in his morning email but gets it 100% wrong when he says there is “Only 1 question.”
- By Tom Winnifrith, The Sheriff of AIM |
- 20 September 2018, 09:50 |
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What ITV and Tesco did next
So how does it all look for Tesco (TSCO) and ITV (ITV) the morning after the night before? Back on Sunday I highlighted my concern about some upcoming strategy updates from these two FTSE-100 names. So what did they say during their investor updates yesterday...and what am I thinking now?
- By Chris Bailey |
- 20 September 2018, 09:15 |
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Woodford Patient Capital Trust: The Big Short (August update) – Neil Woodford needs a break….and fast
With the end-August portfolio listings coming out yesterday, it is time to update the story and it is not looking any rosier. In fact, quite the reverse. I think matters may be coming to a head here and I reckon Woodford needs a lucky break for once and pretty damn quickly.
- By Cynical Bear |
- 20 September 2018, 08:11 |
Union Jack Oil – half-year results, a “very active” time ahead BUY
Union Jack Oil (UJO) has announced results for the first half of 2018, including to “expect a very active six months for Union Jack with the drilling of the economically compelling Biscathorpe-2 conventional well and the upcoming planning processes to allow the Wressle discovery to move to development”…
- By HotStockRockets |
- 20 September 2018, 08:11 |
A Note Of Caution – General Equity Market
Sprott is the world's best known resource investor. If stockmarkets wobble, precious metals usually flourish so this bearish note is "talking its own book". None the less Sprott analyst Tekoa Da Silva makes some valid points in this note just out. Over to the expert...
- By Tom Winnifrith |
- 20 September 2018, 08:10 |
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Premaitha settles Illumina dispute – this is great news: Buy at up to 15p – target 25p
We have only been waiting three years for this and in the end it came as a complete surprise but a very pleasant one at that. At last Premaitha (NIPT) has settled its patent dispute with American bully boy giants Illumina. This bolt from the blue is great news and now means that a rapidly growing and profitable business will be, at last, valued on fundamentals and that will drive a re-rate which appears to be underway already.
- By HotStockRockets |
- 20 September 2018, 08:10 |
Elektron Technology – results see “retains its positive outlook”, so why the share price decline?
Elektron Technology (EKT) has announced results for its half-year ended 31st July 2018 and that “the board retains its positive outlook for the second half and in delivering results in line with recently upgraded market expectations for the full year”. The shares have responded, er, 7% lower, at 45p – to give a market cap just shy of £84 million…
- By Steve Moore |
- 20 September 2018, 08:09 |
Gold: are we nearly there yet, Dad?
Virtually every parent will have heard those words from a deeply frustrated small voice in the back of the car … similarly any bullion dealer from investors bemoaning gold’s sideways price action, despite some pretty alarming noises from the news stations.
- By Ross Norman of Sharps Pixley |
- 20 September 2018, 08:09 |
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Minoan – the good, the bad and the ugly.
AIM-listed Minoan (MIN) has this morning finally announced the sale of its travel and leisure business. Hooray – that only took nine months! In many ways the deal is perhaps a bit better than I had feared, in terms of dilution (the good), but the end result will be that Minoan is still left with £0.9 million of debt (the bad) and with the warrants associated with the loan now dropped to just 3.5p exercise the shares are off by a whopping 30% to just 3.9p and the company tells us it will have to raise more cash (the ugly).
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 20 September 2018, 08:08 |
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Versarien: How are these collaborations coming along, Neill?
A couple of months on from the well-received annual results of Versarien (VRS) on 19 July, the share price has risen to even higher levels from when I initiated coverage (HERE), now valuing the graphene part of the business at well over £200 million so I thought I’d pose a simple question to CEO Neill Ricketts – how are those collaborations coming along?
- By Cynical Bear |
- 20 September 2018, 08:08 |
Malcolm Stacey heads to Russia in search of the Magic Money Tree Part 3
As you may have gathered on 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 having just arrived at Copenhagen airport, but our senior reporter has now updated us on his progress since…
- By Tom Winnifrith |
- 20 September 2018, 08:07 |
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Sosandar – AGM statement offers no numbers but plenty of encouragement
AIM-listed online ladies clothing purveyor Sosandar (SOS) had its AGM today and offered a few nuggets of information which suggest that things are pretty much on track with management expectations. Since we already know that management is “very comfortable” with the forecast numbers offered by house broker Shore Capital (I would translate that as meaning easy to beat!) and we know those numbers (see HERE). So that looks pretty positive. Mind you, we were not offered actual numbers for summer trading as the Adam Reynolds computer keyboard struck again!
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 19 September 2018, 15:47 |
United Carpets – a not usual “AGM Trading Update” & intra-day. Uh oh…
An 11:25am “AGM Trading Update” from “the third largest chain of specialist retail carpet and floor covering stores in the UK”, United Carpets (UCG). This an ‘update’ not provided in previous years and now done so intra-day and with there clearly a tough UK retail climate. Hmmm…
- By Steve Moore |
- 19 September 2018, 14:49 |
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Tom Winnifrith Bearcast - Laurence Smith threatens me and makes me want to quit, Premaitha - well that's a shock!
I have had one of those days which happen all too often when I think I want to retire. Blame Laurence Smith. All is explained in this podcast. I look at today's news from Premaitha (NIPT) which is certainly a bolt from the blue, comment on the nature of corporate lying, ref Frontera (FRR), cover RM2 (RM2), Optibiotix (OPTI), Sosandar (SOS) and Online Blockchain (DOG).
- By Tom Winnifrith |
- 19 September 2018, 12:22 |
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Victoria - lessons From my Carpeting & again a sell
“Drunken Sailor” commented to me a few days ago; “I would find it useful if you could do occasional reflective pieces on ones that go wrong and any lessons to learn from them.” OK Drunken. Here goes…
- By Lucian Miers |
- 19 September 2018, 12:00 |
Seeing Machines – not ‘pleased’ to announce results then?
Seeing Machines (SEE), the “computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, has published its audited results for the year to 30 June 2018”. Not ‘pleased’ to do so then? – though I note “highlights” emphasising “five program awards now under contract with global OEMs to be delivered through multiple Tier 1 automotive suppliers” and “revenue up 117% to A$30.7 million”…
- By Steve Moore |
- 19 September 2018, 11:47 |
Ariana Resources – exploration yields further upside potential, still a buy
Ariana Resources (AAU) has announced that, having recently completed a soil sampling programme at its Ivrindi project, “seven new highly anomalous targets (exceeding 1,000ppm As) were identified within the Ivrindi tenement. Five of the newly identified targets are semi-contiguous over 1.3km and directly along strike of the main mineralised structure at the Kinik prospect, suggesting that the mineralisation continues east of the historic easternmost drill hole”…
- By HotStockRockets |
- 19 September 2018, 11:15 |
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Winnileaks strikes again: Frontera (again) lies to and misleads investors over Yorkville – when will its Nomad force it to tell the truth?
Yesterday Frontera Resources (FRR) received a second lawyers letter from convertible loan note provider Yorkville in regard to the $2.65 million outstanding debt on which it is now in default. The letter accused Frontera of lying to investors. Frontera has not disclosed that letter, or its contents nor has it repaid the sums due to Yorkville Instead it has issued another RNS which is simply misleading. It is doubling down on lying and apparently Nomad cairn is fine with that?
- By Tom Winnifrith, The Sheriff of AIM |
- 19 September 2018, 10:54 |
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Have I bogged up buying Kingfisher?
We all know UK retail is in a tough spot but problems for Kingfisher (KGF) are ironically not in the UK, where today's half-year numbers were correctly discussed as a 'solid performance' benefiting from continued growth at Screwfix and the self-inflicting wounds at peers that aided B&Q. The trouble is a 15% fall in underlying pre-tax profit mainly due to a 30% fall in profitability in the group's second-largest market France…
- By Chris Bailey |
- 19 September 2018, 10:15 |
LightwaveRF – “rated the best UK HomeKit solution”. By who?... & it’s from 2nd July! Hmmm…
Previously writing on LightwaveRF (LWRF) in June it was from “real energy and excitement” to CEO ‘stepping down’ in less than two weeks!, with I concluding even if there is “real energy and excitement within the company”, it’s, as usual, the ability to generate cash which should prove key. On these bases, it’s currently bargepole ahoy / sell. The shares have though just risen on the back of an announcement; “Lightwave rated the best UK HomeKit solution”…
- By Steve Moore |
- 19 September 2018, 09:15 |