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Fully-listed, international specialist recruitment consultancy, Robert Walters plc (RWA) has announced a 7% increase in Net Fee Income for its second quarter ended 30th June 2013 compared to the corresponding 2012 period and a 4% first quarter increase, whilst adding it “continues to trade in line with expectations”. The update saw the company’s house broker, Investec, note “there are certainly signs that market conditions are stable, if not improving”...
Edison research analyst Roger Leboff is a bit of a weirdo but no fool. After all he work with and remains friends with Mark Slater & Tom Winnifrith many years ago. Leboff has today initiated his coverage of property group Quintain Estates (QED) in upbeat fashion.
Top broker Numis has recent completed a site visit to the operations of Charaat Gold (CGH) and concludes that shares in the AIM listed miner are a buy at 8p with a target price of 30p. Its report is a detailed 16 page note.
In my previous analysis of Oxford Instruments (OXIG), the first technology business to be spun out from Oxford University over fifty years ago and now a FTSE-250 business designing, supplying and supporting high-technology tools and systems for the research and industrial sectors, I noted that the company had some cyclical exposure (particularly through its ‘industrial products’ business) and that the rating looked to leave precious little room for any disappointment. That was in April when the shares were trading at 1600p...
The U.S. Comex gold futures surged 2.73 percent in the past two days to $1,279.90 on Thursday while the dollar index suffered a loss of 2.17 percent. The CRB Commodities index, the S&P 500 index, and the Euro Stoxx 50 index have rebounded 1.01 percent, 1.37 percent and 0.64 percent respectively on Wednesday and Thursday. The U.S. 10-year government bond yield rallied about 6bp in the same period.
This is a shocker. The directors of Patagonia Gold are well paid. They have significant equity in the company but they want more. They want shareholders to reprice their share options in order to “incentivise” them. This has to be passed at an AGM. Shareholders should tell these fat swine to bugger off and vote no. And here is why.
John Wisbey the CEO of AIM listed compliance software group Lombard Risk Management (LRM) is a good friend of mine. Or at least he was - he may decide that he is not anymore after he reads this. Recent events at his firm show private investors once again being screwed on AIM. John is a good bloke & Lombard a good company but this is why mug punters are turned off listed markets. Here goes.
There are a number of reasons for investors to take a positive interest in GKN (GKN).
The other day Scancell (SCLP) saw its market value halve as it announced a conditional Firm Placing of 20,000,000 new Ordinary Shares at 22.5 pence each to raise gross funds of approximately £4.5 million. Its new backers are various EIS and VCT funds managed by Calculus Capital. In addition, and in order to provide Qualifying Shareholders with an opportunity to subscribe for new Ordinary Shares at the same price, the Company announced an Open Offer to raise up to a further £2.0 million (before expenses).
AIM-listed provider of mobile marketing and digital entertainment for mobile network operators and brands, InternetQ (INTQ) has announced “revenue and EBITDA are expected to be in line with market expectations for the six months ended 30 June 2013”, driven by record levels of new business within the mobile marketing division and increased levels of subscriber growth from digital content platform, Akazoo...
AIM listed gold producer in Azerbaijan, Anglo Asian Mining (AAZ) has announced second quarter gold production of 8,912 ounces and that it completed gold sales of 5,505 ounces (at an average of $1,438 per ounce) in the period...
Rick Rule is a legendary fund manager within Eric Sprott’s group – the world’s leading gold and silver experts. He gave this interview the other day in a client call in. It really is great stuff. What he says about management quality in this sector is understatement of the year.
What’s going to happen with gold and silver?
I can reveal exclusively that infamous bear raider Evil Knievil has opened up a short in Cyan Holdings (CYAN) at 0.35p. Knievil’s old adage is “the best time to kick a man is when he is down” and Cyan is certainly down, if not yet out, following its (lack of) profits warning earlier this week.
In a piece last week (see HERE) on AIM-listed satellite operator Avanti Communications (AVN) – in which I own some shares as a speculative investment – I noted that if the company is able to fill capacity on its satellites as planned discounted cash flow valuations suggested a multiple of the prevailing share price but that its trajectory as a still emerging company was unlikely to be smooth from here. This followed some commentary on the company which had strongly focused on the lack of an Interim Management Statement in May as there was one in May 2012 – though the company had since updated that a year-end trading statement would be forthcoming. This has now been published…
I previously commented on AIM-listed, UK-focused, physical document management and office relocation business Restore plc (RST) as it saw its market cap move above £100 million on the back of a May AGM trading update – see HERE. On no news the shares subsequently drifted back from their then 136p to close at 117.5p yesterday, though they are currently up to 121.5p today on the back of a trading update for the six months ended 30th June 2013.
With Sterling heading south (down nearly 10% since January) to a dollar exchange rate of 1.49 (last seen) this is surely the time to be buying a big successful UK company like Diageo (DGE) which as its carefully fashioned name implies, girdles the earth. With plenty of non-sterling earnings, it doesn’t need to do much to increase sterling denominated earnings. It is in short a classic sterling hedge.
All Governments across the globe have an appalling track record when it comes to picking stockmarket losers when it comes to handing out grants and loans. Ask President Obama about Solara? Remember John De Lorean? And with the EU unable to get its own accounts signed off without qualification you would expect that it would be the worst stock picker of the lot. You would expect correctly.
AIM-listed, UK marketing communications and advertising group Mission Marketing (TMMG) has a penchant for the eccentric in terms of word choices in its company announcements – for example, noting in its last results statement “call us quakebuttocks if you will, but our focus will remain on debt management, expertise enhancement and concinnity”, the one before that; “(we) remain, barring undue gallifragging, optimistic for the future and the outturn for this year and beyond” and the one prior to that; “we are predicting an exciting year for the missiontm, if not quite a lollapalooza”. However, today’s eccentricity is unlikely to generate any amusement in shareholders – with the shares currently trading more than 13% lower at 22.75p.
Broker VSA initiated its coverage of dual listed hole in the ground wannabee gold miner Bullabulling Gold (BLG) at 7.15p with a speculative buy stance last October. With the shares at 1.875p the unrepentant broker’s stance is unchanged.
Bear raider Evil Knievil ( Simon Cawkwell) has been short of Avanti Communications (AVN) a good while and after today’s profits warning he says that he remains short, telling me that “Avanti is simply not investment grade material.” Cawkwell says that Avanti may turn the corner but equally it could disappear altogether. He says that he has no intention of closing his short.
Don’t say we don’t listen. The first is as a result of your feedback!
As the sorry saga of UK Oil & Gas (UKOG) reminds us, AIM stock promotions invariably revert to mean. The company, on Friday, announced a placing at 0.9p, pretty much the level at which the shares were a year ago before they succumbed to retail summer madness and sky-rocketed to ten times that level.
I record with Argentina and Iceland in the background on mute. Hell's teeth who on earth could support the fecking Argies? I explain the sheer torture Brokerman Dan Levi has in store for me in six weeks time and give him a reason to add to that. Andalas (ADL) is utterly worthless crap and his commentary on Friday and the statement that resulted utterly stinks. Anyhow consider how he will torture me as we walk 32 miles, feel sympathy and SPONSOR ME HERE. Then I look at Paul Scott winning an award for PR and at events at Theranos and Tesla.
Yesterday, in order to avoid a strike off at companies house Julie Meyer finally filed accounts for Ariadne Capital Entrepreneurs Investments Limited – that is to say accounts for calendar 2016! The accounts are fraudulent and there is a real question as to whether she should have been filing them at all – perhaps Andrew Duncan of administrators Leonard Curtis has a view. Let me explain.
Hello, Share Spinners. Another weekend is upon us which gives a chance to throw in a few general and unrelated thoughts about the perils and the opportunities of a very unstable share market at the moment. The main preoccupation of most of us, I suspect, is whether we should turn our shares into cash. This is not the time to turn everything into mazuma, I would suggest. But it might be wise to convert a third of our portfolio into the hard stuff.
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...
I’m slightly surprised that I haven’t commented on Boxhill Technologies (BOX) this year as it was a favourite of mine in 2016 and 2017 but I have managed to access new information that is shocking even by Boxhill’s standards, namely Phil Jackson’s director disqualification due to what looks like a slam dunk VAT fraud.
Buy shares in Berkeley Energia (BKY)! Okay that is what I think, you want to hear from veteran investor and libertarian thinker Doug Casey.
I thought I would do an update on Stuttard’s Septic Seven – a portfolio carefully selected for Marcus Stuttard, the head of AIM for him to invest his cash in to demonstrate his utmost confidence in the regulation of the system he oversees as the Sham Sheriff. The members were all companies we had Red Flagged here on ShareProphets – but not to worry, because no action had been taken and investors were still free to lose (oops, sorry) invest their cash in those shares. It is some nine-ish months since I looked at this portfolio. I wonder what has changed?
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Hello Book Lovers. Writing for Shareprophets. com has given me terrifying insight into the world of dark horror. So I wrote a scary novel called Black Snow.
Ariana Resources (AAU) has announced latest work at its 100% owned Kizilcukur project “continues to highlight the potential for the project to become a satellite source of ore for the Kiziltepe mine”…
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