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Even a few of our detractors have now come around
Xeros Technology Group (XSG) has announced a “launch update” including emphasising that it is “delighted with the progress made by IFB ahead of the launch later this year of the world's first domestic machine incorporating Xeros' technology”. So what of a current little changed circa 32.5p share price?...
I’ve previously written here about the attempts by some to manipulate the share price of Oilex (OEX), and particularly with regards to an upcoming placing, but that will come to an end now that the company has released the actual details.
Carclo (CAR) “is pleased to report that the business expects to report a strong performance for the year” and that “demand in the group's key markets remains strong coming into the new financial year”. So what of a current share price of 24.5p, down nearly 10%?!...
A couple of weeks back I wrote a piece here about how the share price of Oilex (OEX) was being manipulated, with all sorts of claims being made from some people about being told information that wasn’t in the public domain.
Over the years on the AIM market I’ve seen plenty of strange RNSs issued, but even still, the two that were issued yesterday by Oilex (OEX) are somewhat perplexing!
Previously writing on group which describes itself as a “licensor of proprietary solutions improving the sustainability and economics of the world’s clothing and fabrics” Xeros Technology (XSG), in January with the shares lower towards 100p I concluded its “pleased to report… progress” instead still looked to demonstrate a former Woodford dog and jam tomorrow. The shares last closed at 88.5p… and are currently significantly further lower on the back of a trading update announcement…
Capricorn Energy (CNE) has seen its share price weaken since it announced a tender offer as opposed to a special dividend, which many investors had been expecting, but remains one to hold.
Previously writing on “licensor of proprietary solutions improving the sustainability and economics of garments and fabrics” Xeros Technology (XSG), in September with the shares down to 185.5p I concluded the current record here doesn’t encourage. Still for me, a former Woodford dog and jam tomorrow avoid / sell. Today the group “is pleased to report on the progress which has been made by the group’s partners and licensees”, so why are the shares further lower towards 100p?…
OptiBiotix Health (OPTI) has followed a sales agreement with Apollo Hospitals Enterprises for its GoFigure weight management product range in India with an agreement for GoFigure and SlimBiome Medical in Saudi Arabia (KSA). Is this further encouraging progress or just more flannel?
It should not be me contacting the Oxymorons at AIM Regulation about this it should be Nomad and broker Cenkos Securities and Primary Bid which raised money at 0.45p per share on August 19, putting their clients into this serial dog. Indeed, Lagos Securities should be considering whether, in light of today’s share suspension, it can continue to act as Nomad for Mercantile Ports and Logistics (MPL). I believe that should be resigning at once. I have written to the Oxymorons as you can see below.
I keep being promised a call from the chimpanzees that claim to manage Primary Bid explaining why it was prepared to raise cash for Mercantile Ports & Logistics (MPL) at 0.45p on 19 August. Here we are, just six weeks later, and the shares have been suspended at 0.3p to sell. At this point will Primary Bid finally accept that its due diligence process for client take on needs a dramatic overhaul.
Having already admitted that it was going to run out of cash, the only questions are when will shamed Remote Monitored Solutions (RMS) do a placing and how massive a discount will the bucket shop spivs demand to get it away? To that end one can expect a stream of ramptastic RNS announcements using the Adam Reynolds keyboard and which often contain lies. Here is the first one today and it seems to have got the morons creaming themselves with joy even though this is, in fact, Remote announcing the same thing for a second time. If you needed evidence of just how dim shareholders in this company are….
A few weeks ago I wrote a piece here about Cairn Energy (CNE) shares being too cheap, both in terms of its producing assets and also on the basis of any resolution of its long term battle with the Indian government. Quite a bit has happened since then.
Hello, Share Crunchers. One drawback of seeking out companies which may be new to you is this. I delve into what seems like a likely venture, only to discover as I go along that all is not what it seems at first blush. All the deep research goes into the bin and I have to find a sturdier contender for your support. This has just happened (darn it!), but my second choice seems more promising.
Cairn Energy (CNE) is a company that I have followed for many years, almost for as long as its ongoing saga relating to compensation from the Indian government, but it is starting to look more likely that will actually finally be settled.
We still do not know the status of the first face nappy order announced by Remote (RMS) on March 4 for 100,000 masks and then 1 million every month thereafter. We were told on 4 May that within a couple of months the distributor Francis Mcintrye would be ordering as planned. I sense that with face nappy wearing set to become voluntary in the UK soon, that this will come to nowt. But fear not, there is news from India.
Did you listen to Tom Winnifrith’s bearcast yesterday here ? I am a few years younger than Tom but I feel exactly the same about the importance of the finances of retirement and related matters. For myself – in a few months time – it will be twenty-five years since I finished my Finance and Investment Master’s degree and joined the City. The world has certainly changed a little bit since then, but all of us with twenty plus years experience know much more about the range of investment realities out there.
Self-styled “a world leader in Narrowband Radio Frequency Smart Mesh Networks” CyanConnode (CYAN) has made an RNS Reach announcement that Arden has published a research note on the company. At a guess, a favourable such note then!…
Self-styled “a world leader in Narrowband Radio Frequency Smart Mesh Networks” CyanConnode (CYAN) states it is “pleased” to provide a trading update for the nine month period ended 31st December 2020 – and the shares are currently 5% higher in response to 7.75p. So what’s the detail?…
Self-styled “a world leader in narrowband radio frequency mesh networks” CyanConnode (CYAN) has announced results for its half-year ended 30th September 2020 and that “the board is very encouraged by the success of all CyanConnode’s deployments, and is especially pleased to see the progress being made against contracts in India and Thailand during the period” – and the shares have currently responded higher, to 5.05p. However, with the shares above 6p, I previously questioned that the company argues loan “for working capital to fund growth”, what about for keeping the lights on? What do the results now show?…
BigDish plc (DISH), “a technology development company is pleased to announce a Business Update”. So what’s this latest from its Digital Communications Officer Zak Mir & co?…
Self-styled “a world leader in Narrowband Radio Frequency Smart Mesh Networks”, CyanConnode (CYAN) “is pleased to announce a new order for the Indian state-owned utility ‘Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Ltd’, for 350,000 Omnimesh Modules, with the majority of payments secured against a Letter of Credit”… and the shares are currently at 5p, approaching 15% higher. So what are those payments?…
Here are six long reads that have nothing to do with shares. Put the kettle on, find a comfy chair. You have the time, don't you?
A “Placing and Related Party Transaction” announcement from OptiBiotix Health (OPTI)… but we previously stated confidence of the company now moving to profitability, so are we wrong? No! In fact we are now far more bullish than ever before following a chat with boss Steve O'Hara earlier.
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.
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.
A “New Order for Smart Metering Project in India” from CyanConnode (CYAN), and the shares are currently rising back above 3p – this after I noting last month “New Order”…or not?... And if order delays are a positive, why bother in the first place?!…
Previously writing on CyanConnode (CYAN), at the end of October I concluded the track record suggests further clarity over contract timing ain’t going to be positive and to keep a close watch on the financial position. Natch, still currently firmly on the bargepole list. Sell. Today though a “New Order for Smart Metering Project in India”. Sounds positive… and the shares - lower since that prior update - further lower below 2p!...
Previously writing on Mobile Streams (MOS), last month I noted the shares are down on this latest to currently 0.20p – and that also down from 0.40p in March though still up from 0.10p early last month… a loss-making company with declining revenue and already limited cash whose directors consider a public markets transaction “unlikely” and believe its “best interests” are to de-list from AIM, with a recent General Meeting showing circa 56% support for the latter (albeit below the 75% required). How’s that Nomad due diligence going to go?! Now though the shares are back to AIM trading!...
Previously writing on CyanConnode (CYAN), in July I questioned its “confidence that we will meet full year market expectations”. Now a “Trading and Business Update”…
Hardy Oil and Gas (HDY) has been getting a bit of attention recently with news of a deal to sell all of its assets, which was then followed by a higher priced bid from another party.
Our resources guru Gary Newman is also a fishing journalist and - explaining his absence on this website of late is the photo below.
My attention is drawn to a press release issued by this wretched Government which should, I believe, force Optibiotix (OPTI) to make a statement and make even the most cynical of bears wake up. It reads:
The fact that Mercantile Ports & Logistics (MPL) is run by a crook and has misled investors on a serial basis over many years is not in doubt. Yet greedy City financiers, notably Nomad & broker Lagos Securities (CNK) continue to earn vast sums raising cash for this POS which claims to be making progress on building a new port in Bombay, India. The photos below demonstrate that is just plain horse.
Back in early December I wrote a piece warning people not to get taken in by RNS-Reach announcements, and criticising the way that some companies seemed to use the system to try to attract investors and pump their share price, by releasing information that isn’t considered to be price sensitive, but making out that it is some sort of big deal.
OptiBiotix Health (OPTI) has announced that it has entered into an exclusive manufacturing and supply agreement with Zeon Lifesciences. The agreement grants Zeon an exclusive license to manufacture and supply OptiBiotix's SlimBiome weight management technology in India, in return for 50% of the profit...
Mobile Streams (MOS) is “delighted to be partnering with the world's fastest growing telecom company, Reliance Jio… India's largest 4G network”. However, it’s an RNS Reach announcement…
Indian fashion retailer Koovs (KOOV) has just released its interim results and they don’t look pretty, but to be fair to the company that was largely expected.
I often find myself questioning the purpose of RNS Reach announcements for companies listed on the AIM market, as they can cause severe volatility in the share price and this is usually far more than is justified by the news itself.
The board of mobile content licenser and distributor Mobile Streams (MOS) “is pleased to present its audited accounts for the financial year ended 30 June 2018”. The shares have responded..., er, currently approaching 25% lower, to 0.70p!...
A brief look at Cairn Energy (CNE) would leave many wondering how on earth the company can be worth its current market cap of more than £1.15 billion. Especially when you consider that although it is an oil producer, in H1 2018 it only averaged 14,400boepd, and there are many others on the market producing those sort of quantities with much lower market valuations. What you would be missing though is the fact that this company has huge future growth potential, both from increased production from its existing Kracken and Catcher operations in the North Sea, but far more importantly from the future development of the SNE field in Senegal and Nova in Norway.
Vodafone (VOD) has had a very weak year so far and the share price has been dropping steadily, but I believe that it can still turn things around longer term.
I came in for a fair bit of criticism when I covered Indian fashion retailer Koovs (KOOV) negatively and suggested it was a sell or avoid back at the start of July. Since then the share price has pretty much halved from the 20p level that it was trading at, so I feel that my criticism of the company was justified, and my view has been vindicated – hopefully some of you who have read my articles and were holding at the time also saved yourselves from seeing the value of your investment halve. A number of people have been asking me what my view is of the company now that the share price has dropped back to around 10.6p to buy, so I felt that it was time to take another look.
Is there a better thing to do on a Sunday than to sit back and read a real, meaty article that is meant to be savoured and enjoyed? Not a blog post, not a news item. Like when we used to do with newspapers before the smart phone ruined everything.
The share price of Mobile Streams (MOS) has pretty much halved since I recently covered it as one to avoid at all costs, but despite that drop I still see no value in any investment here.
Indian online fashion retailer Koovs (KOOV) is a company that I have kept an eye on as some were tipping it to be the next Asos, but I have always been far more bearish on the chances of that actually happening!
Mobile Streams (MOS) appears to be yet another AIM company where it is hard to see it ever actually returning any money to investors, and whilst it certainly isn’t unique in that regard, I do have to wonder how long it can keep going for before the ability to raise funds finally dries up.
The rehabilitation of Premaitha Health (NIPT) continues. The latest news is from India where there is not even a whiff of a patent challenge from Illumina and where our boys have signed a 3-year agreement with one of the most advanced clinical laboratory groups in the country to provide a bespoke, high quality and scaleable NIPT solution.
What an odd situation. Optibiotix (OPTI) has been forced to comment on an article in Business Insider relating to Seed Health which, the article states, has purchased LP-LDL for use in its multi-strain product which is intended for launch in the USA in May 2018. Seed Health is hot, being backed not only by Cameron Diaz but by legendary investor Peter Thiel.
Cairn Energy (CNE) is one of a number of oil producers which look to be unloved by the market currently, but I would expect that to change in the future. In recent years the company has had impressive amounts of reserves on its book, but has now moved to the stage where it is producing from several of those fields, and with more to come in the near future.
Often when it comes to AIM companies investors get far too fixated on revenue and orderbooks, and forget that in reality it all comes down to the bottom line and the actual net profit that the company is either already making, or is likely to make.
No matter how long you have been around the AIM market, there are often moves which seem to make little or no sense, especially amongst the smaller companies.
Hello, Share Smashers. At the mo, there are some nasty threats to our shares prices. High consumer, corporate and national debt. Comparatively high PE ratios. Over-cooked company valuations, low wages, higher inflation and a bull market, past its sell-by date. But all those perils can be offset by the following massive factor…
Around this house lie various piles of coins. I just leave them lying around, out of the reach of Joshua who would try to eat them, but, I admit, it is not a great sign of a sharp financial brain. A few year ago a girlfriend tried to counter this by giving me three piggy banks to leave around the house, as you can see below.
Since I previously updated in July, shares in payment services company Earthport (EPO) had been heading higher, with it also announced “Earthport Partners with Kotak Mahindra Bank”. However, they are currently slipping back on an “Earthport Plc expands into Nigeria” announcement…
Oilex (OEX) took a big hit to its share price this week following news of an unsuccessful workover at two of its oil wells, and it is hard to see how the company is going to turn things around.
International Consolidated Airlines Group (IAG) has been on a steady upwards trajectory ever since taking a big hit to its share price when the UK voted in favour of Brexit last June, but that rise looks like it is about to hit a brick wall following last week’s debacle involving British Airways.
Vedanta Resources (VED) was one of my best performing shares during 2016, and after a significant pullback in the share price in recent months it is well worth considering buying back in at current levels.
A “Trading Statement” announcement from mobile games company Mobile Streams (MOS) sees the shares currently more than 10% lower, heading towards 3p. Uh oh…
Shares in Portmeirion, Spode, Royal Worcester, Wax Lyrical and Pimpernel homewares group Portmeirion (PMP) are currently slightly lower despite it “delighted to be reporting an eighth consecutive year of record revenue”, this up by £8 million (11.7%) to £76.7 million…
Portmeirion, Spode, Royal Worcester and Wax Lyrical homewares group Portmeirion (PMP) “is pleased to confirm that it expects profit before taxation for the year to 31 December 2016 to be slightly ahead of market expectations”. BUT…
Hello Share Spaders. Recently, I opined on this superlative website that BT had been over-sold in the last 12 months and was possibly cruising for a new target of 500p a throw, rather than the present sad sub-400p share price. But I’m not so confident over its rival Vodafone (VOD).
When a small mining company sees its market cap increase by over £66 million in the space of a month without any corresponding news to support such a rise, you have to wonder at the sanity of private investors who are still piling into the share.
The surprise paper currency money-grab by the Indian authorities has intensified the Indians public’s perception of a corrupt, overly-bureaucratic, and ineffective government and the suspicion that government paper money is ultimately worthless (which of course it is) will have gained immeasurable credence. An accelerating decline in the purchasing power of the rupee is the most likely economic consequence for Mr Modi, ultimately destabilising for both the country and his government. Globally, not just in India, Our entire monetary system depends on trust.
“Mobile Streams (MOS), the emerging markets focused mobile media company, is pleased to announce its final results for the year ended 30 June 2016 which are in line with management's revised expectations”. Ok. Er, what? The shares currently 30% down, at 9.625p, in response...
Hello Share Munchers. I’m quite a fan of investment in emerging markets. My main reason is that they have room to grow as poverty-prone populations become, well, a bit less poverty-prone. I suppose I’m mainly thinking about India and China. Together with many African countries which are not doing at all badly, despite common perceptions to the contrary.
HaloSource, Inc. (HALO) has announced results for the first half of 2016 emphasising that a “new technology platform, coupled with our focus on penetrating the fast-growing Reverse Osmosis markets in China and India continues to reinforce the optimism we feel for the future performance of the business”. In response, the shares are approaching 14% lower, at 3.125p. Hmmm…
Shares in mobile media company, Mobile Streams (MOS) are currently more than 170% higher, at above 11p, on the back of an announcement that the company has reached 50,000 ‘active subscribers’ in India. Hmmm…
Self-declared “world leader” in technical jargon to describe what it does (Oops, I meant “in narrowband RF mesh networks for Omni Internet of Things communications”), Cyan (CYAN) has announced results for the first half of 2016 – noting its “financial performance reflected the increasing maturity of our offering and relationships” and that it’s “excited by the group's growth prospects”. Hmmm…
Hello Share Swappers. The price of crude oil bested $50 dollars a barrel a few months ago. Consequently big oil producers like Royal Dutch Shell (RDSA) started a long-awaited rally. Then the oil price dipped back to around $40 dollars. So it looks as though oil prices are not recovering at all. Except that the last time I looked the oil price was over $44 dollars a barrel, so it’s on the up again.
Following its recent profit warning, “Portmeirion Group (PMP) is pleased to announce its performance for the six months ended 30 June 2016”. Hmmm…
In May I questioned whether the HaloSource, Inc. (HAL) sale of its Recreational Water business was all as it initially seems – and the company now updates that “total revenue from continuing operations for the period ended 30 June 2016 was $1.4 million (H1 2015: $2.7 million)” and “a cash balance of $4.1 million”. Hmmm…
On a May AGM update from AIM-listed homewares group, Portmeirion (PMP) I concluded, with the shares at 1155p, that “the risk/reward trade-off now certainly looks to have swung to the former at this juncture. This suggests the shares currently to be avoided” - see HERE. Hopefully this was heeded as it’s now profit warning ahoy and the shares are heading towards 850p…
Hello Share Cats. One thing the Brexit vote hasn’t attacked so far is the oil price. Well, Brent did go down a tiny fraction, but hardly worth noticing. And that could be due to world factors, anyway. Which reminds me that Royal Dutch Shell (RDSA) has risen for the two trading days since the Big Vote result was announced. I am a giant holder of Shell oil. It is the biggest lump in my portfolio. I already held a lot of Shell shares. Then it gobbled up BG and part of that deal was its handing over even more Shell stock.
Hello Share Masters. Once or twice, I've commended to your researches a company which is trying to exploit the huge potential that India has for growth. The firm is Skil Ports (SPL) and it is building a modern port complex to serve the hugely populated area around Mumbai. Just take a butcher's at its website to see how exciting this project is. There is some stunning drone footage which shows a very busy place indeed.
Online fashion retailer Koovs PLC (KOOV) is one of those companies where the market valuation continues to baffle me, and I can’t see any reason currently why the share price should be anywhere near as high as it is.
Hello Share Changers. What gave me the arrogance to say that the oil price would rally quite nicely this year was experience. Though I am no longer an energetic young trader, I have been plying our golden game since I first dated Bodicea. So I know that when the price of a commodity falls, it always bounces back. Always. So the recovery of oil was never the world’s greatest prediction.
Hello Share Mashers. Perhaps it’s time we looked at an unusual share which I brought to your attention once or twice last year.Skil Ports and Logistics (SPL) has a big project in the making. This means it cannot make profits now and all our hopes are in the future. But the scheme has real potential in a country which has the attention of the investing world.
India-focused online fashion retailer Koovs (KOOV) has announced a conditional, including on General Meeting approval, capital raising at 25p per share. This stated to be “part of our planned growth, and will allow us to continue to build our brand, develop our customer offer, and deliver our strategy”. Hmmm…
Banks have had a torrid time over the past few years, and few have been hit quite so hard as Standard Chartered (STAN), but this could present a longer term buying opportunity.
Hello Share Samplers. It’s time to look at another construction company, I fancy. Yes, many of them have had a poor recent past as far as share values go, but times may be a changing. After every bad period comes a good one, as long as your firm is not simply a poor operator. Or the market turns against you. Or what you make or do becomes outmoded and unwanted.
Hello Share Shooters. It’s quite some time since I wrested your attention towards an interesting play with its potential in India. You’ll be aware that India is being vaunted by some - well, at least by me - as the new China.
In today's podacst I start with an apology to India from yesterday's Bearcast. Then it is on to defend Malcolm Stacey for his column today on refugees - for once the old boy is 100% correct although most folks seem to disagree. Then it is onto Zak's piss poor analysis of China frauds (HERE). Finally CEB Resources (CEB) which looks like a totally overvalued AIM Casino ramp.
The Mrs is finally back from India tonight but her delay is clearly a breach of my human rights. Will any political party remedy this? The podcast refers back to yesterday's bonus China fraud Bearcast on Gate & Naibu (see HERE) before moving into the farce of today's two China Norfolks in the news, JQW and Sorbic. Then there are the lessons we learn from Arria, the Kenmare tale, Optare, Mosman and Ubisense which seems like a POS.
When it comes to commodities, much of the focus has been on the drops in the prices of oil and gold, but iron ore has performed even worse. The price of iron has more than halved in the past year, dropping to around $50 per ton and trading close to a ten year low – although it has just put in its biggest gain since October 2012, having risen by 5.9% yesterday to a price of around $54.
Season’s greetings share selectors. HSBC (HSBA) is going to be one of the shares to buy for 2015. As you know, I already hold shares in “The World’s Local Bank” and intend to at least hold throughout 2015, and maybe even add to them.
You know that I am bearish on equities. I explained why last week HERE. But I am bullish on gold although accepting that you have to be ultra-selective in which gold stocks you buy. This week my colleagues from Palisade Capital interviewed Frank Holmes, the CEO of US Global Investors who explains, perhaps more clearly than I can, the bull case for gold.
Hello Share Chuckers: Let's have a look at a little oiler based in Aberdeen. It’s called Hardy Oil (HDY). I've not been that well rewarded since I bought this interesting share a few years back. But it's three month graph starts to show a different story. It reads like a stairway to heaven. A more or less steady progression north.
The U.S. Comex gold futures have risen 0.61% this week to end at $1,260.10 on Tuesday on the back of the breakdown of the talk to end the South African miners strike and the precious metals group rally. The S&P 500 Index has been flat and the Euro Stoxx 50 Index has risen 0.59% during the same period. The Euro/Dollar has dropped 0.70% this week to 1.3547 on Tuesday while the Dollar Index has risen 0.51%. The U.S. ten-year government bond yield surged 6bp to 2.644% in the past two days.
At $1,294.60 on Tuesday, the U.S. Comex gold futures were almost unchanged this week after rallying 0.45% last week. The gold futures have climbed 7.68% year-to-date and have dropped 0.10% this month. The S&P 500 Index has returned -0.41%, the Euro Stoxx 50 Index has risen 0.33% while the CRB Commodities Index has declined 0.84% month-to-date.
