Articles by: NIGEL SOMERVILLE, THE DEPUTY SHERIFF OF AIM

EPIC AVO
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Advanced Oncotherapy – Has Odey Doubled Down In Face Of Embarrassment Of Insolvency?

AIM-listed Advanced Oncotherapy (AVO) has announced that Odey Asset Management is coughing up another £4.5 million as part of a £6 million fundraise to add to its investment in March of £2 million, again at 25p a pop – the par price. So is this an act of faith by Odey, or a case of if you owe the bank a million quid then it is the bank which has a problem?

  • By Nigel Somerville, the Deputy Sheriff of AIM
  • 2022-06-28 09:25:53
EPIC INSP
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Inspirit – Mind The Ramp As Placing Must Surely Follow

AIM-listed Inspirit Energy (INSP) has announced the remarkable achievement of over 30kW from a first stage build test for its waste heat recovery system. Woopie-do! But is this all it is cracked up to be, with the shares up 49% on the news?

  • By Nigel Somerville, the Deputy Sheriff of AIM
  • 2022-06-27 10:10:45
EPIC BARK
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Barkby – Director Share Dealing Suggests More Red Flags Than Green

AIM-listed and technically insolvent Barkby Group (BARK) slipped out a director share dealing announcement yesterday afternoon at 3.19pm  - when anyone in the City with any sense would have been trying to get home and beat the railways strike, thus no-one-is-watching o’clock. It announced some director dealing by CFA Douglas Benzie which surely raises a Red Flag or two.

  • By Nigel Somerville, the Deputy Sheriff of AIM
  • 2022-06-22 16:13:25
EPIC SOS
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Sosandar – Will It Buck The Trend Set by Asos And Boohoo....Do Ya Feel Lucky, Punk?

I see that shares in AIM-listed online purveyor of ladies wear Sosandar (SOS) have dropped – down by 0.5p today, to 20p and down from 22p at the start of play yesterday. But there has been no news, so why the shedding of around 10% of its value? The answer is, of course, news from rivals Asos (ASC) and Boohoo (BOO).

  • By Nigel Somerville, the Deputy Sheriff of AIM
  • 2022-06-17 10:57:11
EPIC VELA
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UPDATED: Shambles - Vela Technologies Investment (Or Not!) Into Aquis Lobster-Potted TruSpine, P45 needed somewhere!

In an extraordinary announcement this morning, AIM-listed Vela Technologies (VELA) has announced that it has just discovered that – unbeknown to its Board – it had apparently invested £300,000 into Aquis-listed TruSpine (TSP) as part of a subscription announced by TruSpine on 31 May 2022. What???!! And then this afternoon a clarification.

  • By Nigel Somerville, the Deputy Sheriff of AIM
  • 2022-06-14 09:31:27
EPIC AVO
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Advanced Oncotherapy – Yet Another Placing To Kick The Fat Lady Down The Road By Only A Few Inches

AIM-listed Advanced Oncotherapy (AVO) is certainly keeping its Brokers – SI Capital and Allenby – busy. Only in April the company raised £1.7 million, although the funds weren’t in the bank when the announcement went out. In March the company rattled the tin for £2 million – plus an additional loan of another £1.5 million. Now it has rattled the tin once again – to raise just £800,000 (before expenses) as the company strains to keep its head above water.

  • By Nigel Somerville, the Deputy Sheriff of AIM
  • 2022-06-13 11:54:30
EPIC AAU
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Ariana Resources – News Soon To Add Value? You bet! BUY

It has all gone quiet at AIM-listed Ariana Resources (AAU) but I fancy that things are about to hot up, which may make the shares a short-term buy in advance. Of course, I seem always to find a justification for buying Ariana shares and my target price is not far off double the current mark at 3.75p. But the company is pregnant with news, much of which is due by the end of this month.

  • By Nigel Somerville, the Deputy Sheriff of AIM
  • 2022-06-12 16:01:22
EPIC RUR
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Rurelec – FY21 Results Show It Is Squeaky Bum Time (Again…..)!

I commented only last week that whilst the receipt of $748,400 on a loan from Argentina was a welcome development, I wasn’t sure it was enough to keep the wolf from the door at AIM-listed Rurelec (RUR) – the carcass left behind after it was run into the ground by Peter Earl. Today, at 2.38pm, the company slipped out its results for calendar 2021. So how’s the cash position?

  • By Nigel Somerville, the Deputy Sheriff of AIM
  • 2022-06-08 08:25:30
EPIC HAYD
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Haydale – Trading Update: Surely This Is Placing Ahoy!

AIM-listed Haydale (HAYD) has offered up a trading update ahead of its full year to June 2022. Apparently all is well, with revenues ahead of expectations but is that really the case?

  • By Nigel Somerville, the Deputy Sheriff of AIM
  • 2022-06-07 16:18:22
EPIC BLVN
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Bowleven – New Partner As New Age Walks The Plank In Cameroon and shares soar

There may be signs that at last things might start to move at AIM-listed Bowleven’s jointly-owned Etinde prospect off Cameroon. It was announced this morning that chief partner and operator, New Age, has agreed to hand over the reins to Perenco as operator.

  • By Nigel Somerville, the Deputy Sheriff of AIM
  • 2022-06-07 09:16:09
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