Keyword results: chairman

Edge Performance VCT – This Is Getting Desperate Ahead of Sack-The-Board EGM A Week Tomorrow!

Another missive, this time from the Chairman of Edge Performance VCT (EDGH) has found its way to ShareProphets Towers. You would never know there is a sack-the-board EGM called for a week tomorrow! The ShareProphets Translation Service explains…..

PREMIUM CONTENT

Rutherford Health: Now CEO And Chairman Walk Mid-Financial Crisis at Woodford dog

Oh dear, oh dear, oh dear. It was already clear that Aquis lobster-potted Rutherford Health (RUTH) was in big trouble as funds from a placing back in August had not arrived and last Friday the company had promised news of bridge financing this week. Back on 25th October my back-of-an-envelope calculator suggested that the company was already on the brink and on Thursday this week – at lunch time when nobody was looking – the company announced the departure of the CEO and the chairman. Did somebody say rats and sinking ship?

Subscribe to ShareProphets to access Premium Content
AAU
AAU
PREMIUM CONTENT

Ariana – Panther Gets Aussie IPO Away: Good News for Asgard and Better News For Standard-Listed Panther Metals

It was announced this morning by both AIM-listed Gold and Silver producer in Turkey Ariana Resources (AAU) and Standard-listed Panther Metals (PALM) that Panther’s Australian assets have been floated on the Australian Stock Exchange. This is good news for Ariana, as its subsidiary Asgard has a small stake and for Panther Metals it means that the Australian portfolio is now separately funded, leaving Panther with just its Canadian assets to fund to production/sale.

Subscribe to ShareProphets to access Premium Content

Edge Performance VCT – now ShareSoc Launches A Second Sack-The-Board EGM Requisition

ShareSoc has not always seen eye-to-eye with ShareProphets, but on this occasion we stand firmly behind ShareSoc as it again attacks the Board of Edge Performance VCT (EDGH and EDGI). Sharesoc has now taken the unusual step of releasing an RNS which states:

PREMIUM CONTENT

Edge Performance VCT – Now A Corporate Governance Scandal Brews For H-Shareholders

I have commented extensively on the winding down of the I-shares at Edge Performance VCT (EDGI) amid what is surely a scandal of corporate governance. But what of the H-shares (EDGH), following the disposal of approximately 90% of the holding in Unity Software Inc for £10.9 million in cash, a 20 times return according to the company for an investment carried in the books at just £1.2 million, as announced on Thursday 18 November?

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Open Letter To ITV CEO Dame Carolyn McCall Ref Her Chairman and Edge Performance VCT

The stink arising from the alphabet soup that was Edge Performance VCT (EDGI and EDGH) continues to grow. I have written to Dame Carolyn McCall, the CEO of ITV (ITV) regarding the involvement of her chairman, demanding a full enquiry.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

BREAKING: Block Energy – More Bombs Drop as Pressure Mounts on the Chairman

Shares in AIM-listed Block Energy (BLOE) are up this morning by 7.5% on no news, although yesterday the company announced a series of nil-cost options being issued to its directors and employees in lieu of salary. In this mad market, nothing surprises me and the dilution is apparently a good thing as far as shareholders are concerned! Meanwhile, more bombs have been dropped by the rebels looking to oust current chairman Philip Dimmock in favour of the last independent NED still standing, Mr Charles Valceschini and commission an independent forensic report into the affairs of the company. Oh dear…..

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Block Energy – Double Portions of Beer and Popcorn Time as Rebels Rock Boat with Second GM Requisition

Last September some rebel shareholders were so concerned as to what was going on at AIM-listed Block Energy (BLOE) that there were rumours of an imminent requisition of a sack-the-board EGM. That time the rebels were placated and by the end of the month all was apparently well. Or was it: for now there is a sack-the-chairman EGM Requisition on the table and this morning a further EGM was requisitioned to commission an independent forensic investigation into the company’s affairs by one of the “big four” accountants. Best order in double portions of beer and popcorn – this could get very entertaining.

Subscribe to ShareProphets to access Premium Content
AIQ
AIQ
PREMIUM CONTENT

Time for A Monkey to apologise: AIQ – Shambles upon shambles and still a SELL

Yet more red faces for Andrew Monk and his team at VSA Capital which launched this abomination on the stockmarket and still acts as its adviser. But I guess that coke and hookers don’t pay for themselves and a man’s got to do what a man’s got to do. What a total shambles! Sub-Standard-listed AIQ (AIQ) has announced the result of its strategic review this morning – this as a result of the disastrous reverse takeover of Alchemist Codes to add to the original and equally shambolic IPO on the sub-standard list back in 2018 which saw the stock suspended for most of its first six months on the market.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Inspirit Energy – another discounted keep-the-lights-on bailout from the Boiler Room

AIM-listed and technically insolvent as at Christmas Inspirit Energy Holdings (INSP) has announced yet another discounted placing this morning, raising £500,000 at a price of 0.05p per share, to keep the lights on. That, against a closing price yesterday of 0.06p yesterday means the discount was 16.7%, although for some curious reason the stock has been sliding since May 17 when it was 0.07p. But naturally enough, since this is AIM there is no chance of insider dealing.

Subscribe to ShareProphets to access Premium Content
MDZ
MDZ
PREMIUM CONTENT

BREAKING EXPOSE: Mediazest – Is there a shocking undeclared related party deal in the background?

I last commented on AIM-listed Mediazest back in March when it released its accounts for the extended period to September 2020, noting the balance sheet calamity which surely shows that without a big fundraise it is headed for the corporate knackers’ yard. But the Winnileaks service has served up something very interesting and which leads me to ask whether there an absolutely shocking undeclared related party deal going on.

Subscribe to ShareProphets to access Premium Content
GPM
GPM

Golden Prospect: Chairman Opens His Wallet – and you should too!

It was announced today that Chairman of Golden Prospect, Malcolm Burne, has opened his wallet and bought 25,000 more shares at 50p a pop. Now sometimes boardroom buying is just a spoof and the amount inconsequential, but I would suggest readers take this director purchase a little more seriously.

GPM
GPM
PREMIUM CONTENT

Golden Prospect – FY20 Numbers released: still a buy, shares will double in value

It is normally a bad sign when a company releases its FY results late in the afternoon, but yesterday’s issue of numbers from fully-listed Golden Prospect (GPM) at 4.26pm were quite reassuring. I wonder if it might have been better to wait for the following morning to avoid triggering cynics like me!

Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: What is the point of Neil Davidson?

I am in complete agony after a 20 mile training walk for Woodlarks. Feel my pain and please make a donation to rogue bloggers today. Then I make a few more observations about Optibiotix (OPTI) and its chairman.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Inspirit Energy – Yet Another Companies House Failing from the Boiler Room

Oh dear, oh dear – I would have thought that the board of AIM-listed John Gunn enterprise (or lack of it) Inspirit Energy Holdings (INSP) would have learnt by its previous errors. But alas, no. For five of the last six years, Inspirit has missed the deadline for filing its Confirmation Statement or Annual Return……and guess what?!

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Inspirit – Have you forgotten anything recently, and what about those GIS Debentures?

With all the law enforcement hassles over at Octagonal plc (OCT), which shares the Chairman, CEO and Finance Director in the same roles as at AIM-listed Inspirit Energy Holdings (INSP) one might imagine that their attentions are rather taken up at Octagonal. After all, being charged by the SEC in the USA is a serious matter which could have devastating consequences. So I wonder if anything has been forgotten…….such as this:

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Inspirit – Pressure builds as a non-entity of a statement is released. SELL!!!

At 1.25pm AIM-listed POS Inspirit Energy (INSP) issued a statement relating to fellow AIM-listed Octagonal, where its CEO and Chairman John Gunn, and Finance Director Nilesh Jagatia also reside in the same roles,  whose subsidiary,  Global Investment Strategy is Inspirit’s sole broker – the very same subsidiary which has been charged by the SEC – alongside John Gunn, for aiding and abetting – with violating US broker-dealer registration provisions of the Securities Exchange Act 1934. Given that Jagatia and Gunn make up two thirds of the board of Inspirit, there clearly is a problem here!

Subscribe to ShareProphets to access Premium Content
CEY
CEY
PREMIUM CONTENT

Centamin – Top Brass Buying, You Should Too

Fully-listed Egyptian Gold-producer Centamin (CEY) has released RNSs showing that its top brass have been dipping into their own pockets to buy its shares in the wake of last week’s updated mine plan. As discussed HERE and HERE there is plenty to suggest that the offering of a very attractive dividend has much to commend the shares and now Chairman James Rutherford and CEO Martin Horgan have shown the way.

Subscribe to ShareProphets to access Premium Content

Inspirit – An odd turn of events in the Boiler Room……or not!

Chris Heminway has called for an EGM to boot off one member of the board of AIM-listed Inspirit and see himself and one other elected instead. In response to the onslaught, Inspirit has suddenly sprung into action, announcing two deals which saw the shares roof it.

PREMIUM CONTENT

Inspirit – Boiler Room Battle takes a shocking new turn

Suspicions that the shareholder register of AIM-listed Inspirit Energy (INSP) were not correct were confirmed yesterday lunchtime (the new no-one-is-watching o’clock) when the company admitted that CEO and Chairman John Gunn’s total interest was not 28% as previously claimed on November 25 last year, but 25.4%. Needless to say, the original announcement was signed off by Inspirit’s hapless Nomad, Roland “fatty” Cornish – the worst Nomad in town.

Subscribe to ShareProphets to access Premium Content
CEY
CEY

Centamin: Chairman buys shares – follow the man!

I commented last week that I saw the sell-off in fully-listed Centamin (CEY) shares as a buying opportunity. The drop was due to an announcement from Centamin that movement had been detected and that consequently higher-grade open pit mining had been suspended at the Stage 4 West Wall at Sukari, and Q4 production is expected to come in at just 70,000 oz gold. This morning it was announced that Chairman James Rutherford has been buying shares.

AAU
AAU
PREMIUM CONTENT

Ariana Resources – ouzo at the ready: $35.75m incoming, half to be distributed (after tax and costs)

That bottle of Ouzo was already on ice, but this morning we learned that partner of AIM-listed Ariana Resources (AAU), Proccea, is to pony up $5.75 million to Ariana for its proposed share in Salinbas to add to the $30 million we already knew about from proposed new partner Ozaltin under the new joint venture scheme currently on the table. Of course, anyone who listened to Tom Winnifrith’s interview with Ariana CEO Kerim Sener at our MineProphets online conference would have known there was more to come, but this morning’s news was a welcome surprise as to its magnitude…

Subscribe to ShareProphets to access Premium Content
AAU
AAU

Ariana – Director Dealings: a sign to buy or sell?

AIM-listed Turkish gold-miner Ariana Resources (AAU) has announced a series of director share transactions involving its Chairman, Mr Michael de Villiers. In theory, cashing in on 3 million options and then selling enough to pay the bills, as it appears, may not be much to write home about, but there is that corporate action deal which will involve a special dividend……

AAU
AAU
PREMIUM CONTENT

Ariana – storming Q4 numbers, director dealing and a surprise headline in the offing

AIM-listed Turkish gold-miner Ariana (AAU) delivered storming numbers of Friday for its Kiziltepe joint venture gold production facility and followed that up with an interesting director dealing announcement concerning its chairman which suggests that discussions over the proposed part-disposal of Kiziltepe and Salinbas may be going rather well.

Subscribe to ShareProphets to access Premium Content
FIN
FIN
PREMIUM CONTENT

Finablr – A House of cards?

The Times suggests that Muddy Waters may be kicking itself for not shorting both London-listed stocks from the stable of Dr Bavaguthu Raghuram Shetty. Whist its short on NMC Health (NMC) may be doing well enough, Shetty’s other vehicle – Finablr (FIN) has been having a torrid time, with the shares halving since December. Finablr has only been on the market since last May, but scratch the surface and there are many questions which look like Red Flags to me jumping out.

Subscribe to ShareProphets to access Premium Content

Red Flags At Night: Cloudbuy – Follow The leader and SELL.

Having announced plans to depart the AIM Casino on Thursday, Cloudbuy (CBUY) slipped out a Director Dealing RNS at no-one-is-watching o’clock last night at 5.47pm showing that departing Chairman Ronald Duncan and his departing CEO wife Lyn Duncan have been dumping shares as fast as they can. If ever there was a signal to follow…….

ALM
ALM
PREMIUM CONTENT

Woodford favourite Allied Minds: some change, but enough?

Neil Woodford thought his investments into Allied Minds (ALM) would do wonders for his reputation…..it is just that the wonders weren’t quite in line with his expectations – they were more in line with ours! Yesterday morning Allied served up the departure of co-CEO Mike Turner as of March next year and the Chairman, Jeff Rohr, the following June. Rats, sinking ship anyone?...

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Letter to NEX Regulation & the FCA: Time to delist Block Commodities for 3 lies and strike off its enabler Alexander David Securities

On Friday I demonstrated that Lyin’ Chris Cleverley’s NEX listed Block Commodities (BLCC) had told material lies to investors, lies tantamount to fraud, since March 27 this year. I have today written to NEX Regulation and the FCA demanding that action be taken against Cleverley and Block, starting with its delisting but not ending there, and that corporate adviser Alexander David Securities lose its NEX license for enabling this mendacity. The letter follows.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Susan Searle and WPCT: more on that appointment of Raymond Abbott - a safe pair of hands or Butterfingers?

Last week one of the highlights for me was the shadow of incompetence spreading at Neil's Woodford Patient Capital Trust (WPCT) as it tried to reassure the market with the appointment of Raymond Abbott to its board. What Susan Searle, the Chair of WPCT, would have hoped is that the appointment of Mr Abbott would be seen as a safe pair of hands. Naturally she will have done her homework, which is why the original RNS of Monday had to be corrected, after my prompt,  as it mis-named one of Mr Abbot’s previous appointments and missed another off altogether. But is Mr Abbott a safe pair of hands or butterfingers?

Subscribe to ShareProphets to access Premium Content

Stobart: Outcome never in doubt as Woodford and Tinkler are left licking their wounds

Further to my “Exclusive” on Friday in which I predicted the outcome of the Stobart (STOB) Boardroom battle, the results finally came out yesterday more than 24 hours after the AGM began confirming that Tinkler and his gang had lost; however, it is worth considering what happens next as I doubt very much that this is the end of it.

BT
BT

BT – seeking a new CEO

Chris Bailey is away, so can’t enjoy his ouzo o’clock moment here on ShareProphets. Instead, that falls to me. Back on May 10, when covering the full year results of BT (BT.A), Chris wrote: …the CEO - who surely the new Chairman is considering whether to keep or not. I, on the other hand, noted only last week that there looked to be a battle going on in the boardroom. So I’ll enjoy my ouzo (but I’ll save Chris a glass)!

Filthy Forty Adamas – oh dear, the AIM farce continues

Back last August I covered the non-payment of monies due to AIM-listed Adamas (ADAM) following the redemption of a convertible bond Adamas held in a Chinese company, Global Pharm Holdings Group. It was owed millions - to have been settled by April 2015 - and numerous revised and re-revised deals were signed – not that the cash materialised. More to the point, Adamas seemed to be having a spot of bother tracking down the Chairman of that company. And so to yesterday’s update….

BT
BT

BT – I’m in (blame Chris Bailey!)

Looking down my shopping list for dividend munchers in the wake of our mini-crash (see HERE) I see fully listed BT (BT.A) on a yield of 6.82%. I’m no expert in these large-caps (so this is NOT a tip!), but that seemed pretty tasty to me and worth a bit of a look – my first port of call being what the ShareProphets large-cap professor, Chris Bailey, had to say (see HERE). 

TCM
TCM

A letter to the chairman of the London Stock Exchange - why no independent review of the Telit fraud?

You may remember that at the last AGM of the London Stock Exchange (LSE) its chairman,, Donald Brydon CBE, 'fessed up to being a ShareProphets reader and as we chatted afterwards he came over as a thoroughly decent man. But he has, yet again, been failed by his minions in their handling of the biggest AIM fraud of the year, so far, Telit (TCM). Lowly gofers such as the head of AIM Regulation, the fake Sheriff Mr Marcus Stuttad,  have allowed Telit to avoid any independent scrutiny of its accounts & business practices despite clear evidence of fraud. That has to change and maybe Brydon will push for that. I have sent him a letter.

TCM
TCM

Telit Communications: to have had one crook on the board is understandable but two looks like carelessness

I so enjoy misquoting my fellow Anglo Irishman Mr Wilde. He knew a bit about the inside of a jail cell and that brings me to Telit Communications (TCM). Oozi cats, aka Uzi Katz, has "temporarily" (my arse) left Telit Communications (TCM) following the Boston fraud revelations but this is not the first time that the company's officers have had a spot of bother with the law. Meet Avigdor Kelner.

F40 Adamas - debtor not paying, (debtor) chairman vanishes. Oops

Yesterday at 3.36pm ShareProphets AIM-China Filthy Forty play Adamas (ADAM) announced as update on a debtor. Judging by the timing it seems to be a bit of an unscheduled missive – and judging by the content, it seems to be a problem.

AIM-China Grand Group – oh dear, now the Chairman walks. Get out!

AIM-China investment company Grand Group (GIPO) has announced the departure of its Chairman. It may not formally be one of our Filthy Forty, but it sure is doing its best to make the grade.

PAA
PAA

Parallel Media FY16 Results: The lesson in following BBs hits reality

I was pretty straight back in January  when calling the shares in AIM-listed Parallel Media (PAA) lower. Having headed north from about 16p, people were buying at 48p. With institutional investor Harwood bailing out a couple of days later the shares headed back to 24p (still jolly expensive in my view) but still the madness went on, peaking several time over 30p before the FY16 results were released on Friday. Then reality set in.

Filthy Forty Taihua: to delist 7 months post open offer, six weeks post buy-back (when chairman dumped his shares)

Yet another of the ShareProphets AIM-China Filthy Forty is set to depart the Casino – this time it is the turn of Taihua (TAIH), citing “best interests”, which will become the twenty-sixth casualty of our original forty. Yes, folks - the Filthy Forty is officially set to become the Filthy Fourteen.

AFG
AFG

China FRAUD Aquatic Foods Q4 update: drowning in a sea of Red Flags

ShareProphets AIM-China Filthy Forty purveyor of all things fishy, Aquatic Foods (AFG), has updated on 2016 Q4 trading this morning. In a statement plastered with Red Flags it would appear that the company is nearing the final chapter of the China Norfolk playbook as we are warned that there has been a spot of bother getting cash out of China. Is it bye-bye to the dividend? 

SCANDAL? Filthy Forty Taihua – Tender Offer at 3.28p sees Chairman dump the lot - at 200p?

Shares in ShareProphets AIM-China Filthy Forty play Taihua (TAIH) are unchanged this morning on news of the result of its Tender Offer at 3.28p - paid for from the Open Offer last summer and conducted through the good offices of former Casino poster-boy and former Nomad Daniel Stewart (DAN). But we also see that company chairman Nicholas Lyth has dumped his entire holding. That’s already a bit of a concern, but then so is the statement that his disposal was not at the 3.28p everybody else got, but at 200p per share. What????

PVR
PVR

Open Letter to Pat Plunkett Chairman Providence Resources

I cannot say that I agree with all that is said or written by Richard Jennings of Align Research but a letter he has sent to the boss of Providence Resources (PVR) is bang on the money. The time has come to fire Tony O'Reilly junior.

CRV
CRV

Craven House Capital – A proper “Big Hitter” joining the fun but is it all as it seems?

On the face of it, great news was announced by my favourite oddity of the investment world, Craven House Capital (CRV), this week with the appointment of Richard Burrows as its new Chairman. Richard has a very impressive CV and I couldn’t help but wonder why he would take on such a role but with a bit of digging and a wild imagination, I reckon I’ve worked it out.

GLS
GLS

ShareProphets RNS Translation Service – Galasys booted off the Casino

This morning the long running saga of boardroom civil war at Galasys (GLS) finally came to a sorry end as far as its Casino listing was concerned, as the company was taken for its one-way trip to the AIM Execution chamber a month on from the resignation of its Nomad, WH Ireland. You can’t say you were not warned to steer clear on this website as long ago as last December. As yet another notch is carved on the ShareProphets’ bedpost, the ShareProphets RNS Translation Service has taken a look at this morning’s RNS from the now delisted company (original in bold)…..

ELX
ELX

El Oro – surely this isn’t the end of a real life Sir Benjamin Dover?

A strange RNS from El Oro (ELX) last week but I’m praying it doesn’t signal the end for one of my more enjoyable biannual reads, namely the Chairman’s Statement from Robin Woodbine Parish.

GLS
GLS

AIM SHOCKER: Galasys - AIM’s day of sickening shame as Chairman points the finger

In a quite astonishing statement released yesterday, the non-exec Chairman of AIM death-row inhabitant Galasys (GLS), Mr Kim Seng Teh, has given his account of an unbelievable systemic failure on the AIM Casino to control the behaviour of the board of a member of the world’s most successful growth market. WH Ireland, as the Nomad responsible for this train-wreck until a few days ago, has a number of serious questions to answer, as does AIM Regulation – which, I hope, will be asking a good few questions of its own. I wouldn’t like to second-guess who is the villain in the boardroom and who is the innocent party, but I am sure of one thing: heads must roll in the oversight department.

GLS
GLS

Galasys – EGM called… oh dear, is it chairman versus CEO? And a correction….

We have already noted that AIM-listed Galasys (GLS) appears to be minus a company secretary, minus a registered office, minus a Nomad, minus a Broker and minus a NED or two since the board declared war upon itself last year. Now it seems that two disgruntled shareholders have decided enough is enough, but the implications as to what has been going on are dreadful.

Filthy Forty – Univision prepares for court where there is only ever one winner

The last time we covered ShareProphets AIM-China Filthy Forty play Univision Engineering (UVEL) is was in the wake of a profit warning regarding the trading performance of a unit it owned 52.25% of and was trying to sell. But there was also the threat of m’learned friends taking a slice as the jilted bride involved in the sale of a tranche of the company rattled the sabre. On Wednesday came this:

YUJ
YUJ

Yujin International moves from AIM to ISDX in RTO. Bargepole of the highest order

I’ve no idea what AIM-listed Yujin (YUJ) got up to in its previous life, but its shareholders (who may be wondering the same!) are clearly in for a treat as it moves to ISDX doing an RTO, share consolidation, change of name, a new board comes in and new advisers are appointed. We may have thought we had seen the Dream Team on ShareProphets, but this one goes straight to the top of the pile.

LED
LED

Filthy Forty – Yet another AIM execution as number 23, LED, finally bites the dust two month late

They are still dropping like flies. This morning the ShareProphets AIM-China Filthy Forty saw its 23rd victim as LED International Holdings (LED) had its one-way trip from AIM’s Death Row to the lethal injection room. There are now just 17 of the original forty remaining, of which one is currently suspended. This is an incredible indictment of AIM, and the recent history of LED is the sour cherry on the rancid icing on the mouldy cake.

GLS
GLS

Galasys – yet another corporate departure: what of corporate governance?

Oh dear, just when things were going so well for AIM-listed Galasys (GLS)! Here we have a boardroom at war with itself, the provider of company secretarial services and registered office resigning (date now extended to this Friday) and joke accounts. Now, having seen its token Westerner walk from the board as independent NED last December, Mr Vincent Lai Tuck Yuen was announced to have stepped down as NED on Friday last week, effective immediately – apparently “due to personal reasons”.

LED
LED

Hooray!! Deputy Sheriff 1, Oxymorons 0 as F40 LED International heads to Death Row

Marcus Stuttard, head of AIM! Xavier Rolet, head of the LSE. Oxymorons of AIM Regulation! Your boys took one hell of a beating, one hell of a beating!! Yes folks, it is game, set and match to the Deputy Sheriff as the immediate resignation of both the Nomad and the Chairman of ShareProphets AIM-China Filthy Forty play LED International Holdings (LED) was announced today at eighteen minutes past midday.

VAL
VAL

ValiRx – additional broker appointed, but carelessness remains the order of the day

This morning saw AIM-listed ValiRx (VAL) appoint Beaufort Securities as Joint Broker. This coincided with a quarterly update RNS full of good news and Beaufort included a generous write-up in today’s morning note, with a “speculative buy” rating. All jolly good, but I fear that yet more errors have been made by the company.

Pssst! Ssshhhh!! Don’t mention the Fastjet EGM

ShareProphets likes to bring you the news that companies don’t want you to see. In that vein we bring you yesterday’s RNS from the AIM-listed mile-high croc of **** with no CEO and which is running out of cash otherwise known as Fastjet (FJET) which was entitled Notice of AGM. To make things look really kosher it came out at 3.36pm on a Friday: no-one-is-watching o’clock. Whilst some in the square mile may already have been off lining up the Friday night coke and hookers, we were still watching. Blow me down with a feather, it wasn’t just a notice of AGM.

Filthy 40 MoneySwap – loan drawdown and a nasty read-across from PCG Entertainment which needs a full Steward’s

Oh dear, oh dear. I have the utmost respect for Richard Poulden who had the grim task of overseeing today’s awful trading update from AIM-China play PCG Entertainment (PCGE) and like Tom Winnifrith I had hoped that his outfit might prove to be a rare winner on the Filthy Forty. My experience of him has been one of immense integrity a very sharp mind so it is with considerable sadness that I am writing this. But a bit more digging later, it looks just awful – although, I must stress, not on Mr Poulden - and there is a worrying implication on fellow Filthy Forty play MoneySwap which is already is considerable trouble. Sadly, I fear that AIM Regulation needs to do a full steward’s here.

DQE
DQE

DQ Entertainment – the Red Flags pile up. Writing, wall.....this stinks!

Following the appearance of AIM-listed DQ Entertainment (DQE) in our Red Flags at Night series regarding the resignation of its Nomad and other matters, slipped out at no-one-is-watching o’clock on 3 Feb, we had a Director Shareholding RNS yesterday afternoon. It is a complex announcement, but it stinks. Certainly it did not give any reason to question the wisdom of the Nomad, Allenby, to step down on 22 Feb. The shares remain a big sell even after the collapse of last week.

TPK
TPK

Red Flags on New Year's Eve: Travis Perkins slips out Chairman's sale, but screws up the statement

It's not often that a FTSE100 company makes the hallowed turf of ShareProphets - let alone the Red Flags at Night series, but Travis Perkins (TPK) managed exactly that by slipping out a big director share sale at 2.05pm on New Year's Eve. That truly is no-one-is-watching o'clock as it was even after the RNS system had closed down for the day. Worse still, the company looks to have screwed up the announcement and so having appeared to have gone to the trouble of hiding the sale as best it could, it will have now to restate the RNS when everyone is back at their desks next week. Bad luck, chaps - nice try.

ACE
ACE

Filthy Forty: Auhua Clean Energy – Chairman walks.

ShareProphets AIM-China Filthy Forty member Auhua Clean Energy (ACE) reported this morning that its Non-Eec Chairman, Mr David Sumner, has walked. His replacement, Mr Raphael Tham seems to have already stepped into the role.  Oh dear.

Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Complete Coverage

Recent Comments

|