Any disruption to production is obviously a big issue for oil producers, and even more so when a company only has a small number of operations and it causes a significant impact on output.
Argo Blockchain (ARB) is a company that I wrote about several times a couple of years back, but more recently have left to Tom Winnifrith to write about the numerous red flags that he has spotted there.
I recently covered Serinus Energy (SENX) as a speculative buy based on the likelihood that the results for the first quarter would be good and the company would have benefitted from high commodity prices and fairly low Capex.
The share price of 888 Holdings (888) has remained pretty weak during the completion of its acquisition of William Hill, and as a result of revenue in the final quarter of 2021 showing a substantial fall.
The performance of CMC Markets (CMCX) has been pretty disappointing in recent times, but now there are some signs of its financial performance improving and a potential demerging of the business on the horizon.
Back in February last year I asked the question about whether Moonpig Group (MOON) was “a mad or amazing new share?”. Fortunately I concluded the former, as the c. 440p share price it had back then is now an amazing 240p, and I did not buy any shares (and I hope you did not either). So what to think about the update today from the “leading online greeting card and gifting platform, comprising the Moonpig brand in the UK and the Greetz brand in the Netherlands”….?
Central Asia Metals (CAML) is one of those companies which I think is consistently undervalued by the market, and although it carries some degree of geo-political risk, I believe that too large a discount is applied for that.
EnQuest (ENQ) has just released its results for 2021 and the market didn’t seem to like them, judging by the reaction of the share price, which I find surprising as I think they actually made pretty good reading.
At the start of this month Mobile Streams (MOS) was “delighted to announce its monthly revenue now exceeds $150,000 per month across all channels. This is an increase of 87.5% in monthly revenue since the company’s update on 1 December 2021”. However, revenue is, of course, vanity and today “Placing and Proposed partnership”…
When Covid arrived I penned a piece here about the possible impacts on sub-prime lenders, given that the industry was already having issues even prior to that, and have also commented extensively on this on Twitter over the past couple of years.
Pharos Energy (PHAR) has been a terrible investment for anyone who has held longer term – including myself – and even more so from the days when it was called Soco International (SIA), but I still believe that it can turn things around.
The lower end of the AIM market seems to be littered with small companies that haven’t made any real progress over the years, in terms of shareholder returns, and I’m often left wondering what the point of them being listed is, given the additional costs that involves.
The last time I wrote about Omega Diagnostics (ODX) was back in June when I got slated for suggesting that the company had missed the boat when it came to Covid testing, and that its Department of Health and Social Care contract wasn’t worth the headline figure you so often saw people banging on about!
Mode Global Holdings (MODE) is typical of many small technology companies in that it burns through cash at an alarming rate whilst trying to grow its revenues to any sort of meaningful amount.
Nostra Terra Oil and Gas (NTOG) is one of those companies that has always seemed to be popular with private investors over the years, but it is hard to see why as all it has done during that time is rack up substantial losses for them.
This morning Johnson Matthey (JMAT) issued just the sort of news that investors will not have wanted to see, announcing its intent to exit the battery materials sector and as a result its share price has plummeted.
Petrofac (PFC) shares have been good for trading over the past few years, assuming you managed to get your entries right, but the company has had too many potential issues to really have been considered an investment, unless you had a very high appetite for risk.
If you want to invest in London listed precious metals producers your choice of shares is fairly limited, and has become even more so in recent years following takeovers of a couple of the popular miners.
AIM-listed John Zorbas outfit URU Metals (URU) had a good day in the market yesterday as its shares shot up by 8% to 405p on news of developments regarding its “disposal” of the Zebediela nickel project in South Africa to Toronto Venture Exchange listed Blue Rhino (RHNO). Except as far as I can see it is not really a disposal as one might normally understand the word.
Self-styled “a leading provider of online search, merchandising and personalization solutions for ecommerce” Attraqt Group (ATQT) states that it “is pleased to provide” a trading update covering the six month period to 30th June 2021. How pleasing is it?…
I have been taking a brief look at AIM-listed Plexus – mainly because its ticker code is POS. So is it? Er……
Whilst you might think that I’m mad to even be looking at the travel sector at the current time, I believe that often the fear of what might happen outweighs the actual reality, and often things don’t turn out as badly as people thought they might – the commodities sector during the first half of 2020 being a good example!
AIM-listed online ladies fashionwear purveyor Sosandar (SOS) posted its full year numbers to March this morning, and gave what looks to me to have been a highly misleading update on the recently completed Q1, offering up a headline which surely stands no scrutiny at all.
Kosmos Energy (KOS) has to be one of the most under-rated oil companies listed in the UK, but I think that people that overlook it in favour of some of the more popular producers are wrong to do so.
Energy services provider Lamprell (LAM) saw its share price take a big hit following the release of its annual results for 2020, which included a statement about the need to raise further capital via an equity issue – the exact amount and terms of which is yet to be announced.
I’ve recently found myself wondering how many of these ‘Covid stocks’ have missed the boat, as many of them still aren’t producing any significant amounts of revenue, yet often their markets caps are comparatively very high.
Whilst I mostly stick to trading and investing in companies that are listed in the UK, in recent times I have started to look elsewhere for potential precious metal producers which look interesting.
This is so simple that even the woke dullards at the FCA should be able to understand it. If you delve into the geeky world of IFRS you will see why Supply@ME Capital (SYME) cannot have booked any sales at all in calendar 2020. That makes its September 28 2020 RNS claimed booked revenues of £2.2 million and its interim results published on January 29 2021 claiming H1 sales of £386,000 also a lie. Directors have dumped millions of pounds worth of shares at prices inflated by those lies which makes this a fraud. So here, for chatroom and regulatory morons, is a detailed explanation of IFRS and what is going to happen next.
I often see people saying that you can’t actually invest inshares in AIM miners and the only way to play them is by trading the swings they have along the way.
It is a while since I took a look at AIM-listed Igas Energy (IGAS) – the last big round of coverage followed Andrew Austin and his dodgy deal with Equities First, and the subsequent refinancing which we correctly called as the oil price plummeted. Today, the company revealed its accounts for FY20 and there was a striking similarity……
Quite often ShareProphets readers contact us asking for an opinion on a particular company, and I’m always happy to take a look – although there is no guarantee that the conclusions I come to will necessarily be what they wanted to hear about the company!
Pharos Energy (PHAR) has been one of the worst stocks that I’ve been invested in – not necessarily in terms of the share price performance, although that has also been awful, but more the way the company has been managed and the amount of money that I’ve seen them waste over the years.
Petra Diamonds (PDL) is one of those mining companies which is drowning in debt and could very easily have gone bust, had it not recently announced a restructuring with its lenders.
Any regular reader of this website may have noticed that I have become fairly bullish on the travel sector recently, although mixed with a degree of caution as well as there are still plenty of risks for these businesses.
I can understand why people aren’t rushing to invest in the travel sector currently as the situation looks very bleak with Covid worsening and further travel restrictions and lockdowns being added on a daily basis around the world.
Just over a year ago I covered a ‘mining’ share as a speculative buy, and it was very different to the natural resources companies that I normally cover, as it was mining Bitcoin rather than any metal or other commodity.
Self-styled “creative audio-visual company” MediaZest (MDZ) has made a “Timing of Financial Results” announcement and the shares are currently, at 0.06p, more than 40% higher! What’s the story?…
At 6.22pm on Friday – no-one-is-watching o’clock – AIM-listed Immunodiagnostic Systems (IDH) released its Interim results to the end of September. Getting the numbers out in November seems a decent enough effort, but why on Friday night when everybody has gone home for the weekend? My first thought was to wonder what they are hiding……
Vast Resources (VAST) is typical of many AIM mining companies in that it has always promised a lot but failed to deliver, whilst continually raising more capital via regular equity issues.
Unexpected negative events, especially geo-political ones, can present great buying opportunities at times, as the market tends to severely over-react, even when there is no immediate specific impact on a company itself.
If there was an award for the worst performing oil and gas share listed on AIM over the past decade there wouldn’t be a lack of contenders, but Nostra Terra (NTOG) would definitely be in the running!
When the market cap of a company is trading at significantly below its net asset value it would suggest that there is value in buying, but usually things aren’t as clear cut as they at first appear.
When it comes to new technology that is yet to become common place, being amongst the first to get involved doesn’t necessarily guarantee success, especially for early investors in smaller companies.
The Bidstack (BIDS) saga is one which I have watched unfold but have made little comment on myself, other than thinking that the valuation that it reached was bonkers and writing as much in an article on ShareProphets last May.
There are some sectors where I am incredibly wary of buying in general at the moment, but amongst those there are companies that have the strength to survive the current situation with Covid-19 and will do very well long term, so there is an argument for buying them as an investment.
AIM-listed dog Catenae Innovation (CTEA) released its FY results to September 2019 and Interims to March 2020 this morning. What a dog’s breakfast! We have been saying for some time that Catenae was technically insolvent and this morning the hard numbers show that we were bang on the (lack of) money...
There is a lot of focus on oil companies of all sizes at the moment, with many investors speculating on their future recovery now that commodity prices have improved, but I would probably be more focussed on those which largely produce gas.
Covid-19 has had a big impact on many companies and quite a number of them now look priced to pretty much completely fail and go bust.
Pest control and hygiene company, Rentokil Initial (RTO), wasn’t looking particularly strong even prior to the arrival of Covid-19 and was trading at a very racey valuation, in my opinion.
Hello, Share Splurgers. You won’t need telling that zillions of folks - both young and old - are filling their lockdown time by festering in front of Xboxes and the like. Sales in most gaming companies must be rocketing. There are plenty of outfits to choose from and they’re probably all worth a look. But allow me to suggest researching AIM-registered Gaming Realms (GMR).
Most of the shares I cover here are from a longer term investment perspective, or ones which I think will go a lot lower and are best avoided.
At the start of this year a small AIM outift called Pembridge Resources (PERE) was getting a lot of attention and there were all sorts of predictions being made as to how high the market cap should be based on its share of a copper mining operation.
Picking shares that are worth buying at the moment is a real minefield as the situation with Covid-19 is changing all the time. It would be very easy just to sit here and say ‘sell everything’ and you could probably stick a pin in a list of stocks at the moment to pick a sell recommendation, and the chances are that it would go down, at least in the near time!
With the current state of the markets there isn’t a lot that I would exactly be rushing to buy at the moment, as I think that even the good companies that have strong enough balance sheets to survive relatively unscathed, could well go a fair bit lower yet.
Whenever you buy a share which you view as a potential recovery play, you have to accept the risk that of them will do everything but actually recover, and if the situation worsens then it is time to cut your losses and sell.
With commodities being hit hard by concerns over coronavirus, and further weakness likely as deliveries of metals and hydrocarbons are starting to be put on hold by China, I’ve been looking towards opportunities in other sectors.
BT Group (BT.A) has seen its share price drop quickly over the past few months, and following the publication of its quarterly results yesterday and news on Huawei it is trading at close to its lowest share price in recent years.
AIM-listed jam-tomorrow (or never…) investment company Tern plc (TERN) has updated the market with a portfolio review. The news seems good (a big contract for one investee and a fair investment for another) but the elephant in the room is its investment in Device Authority Limited – on which we learn precisely nothing. Worse still, apparently Tern now has a genuinely diversified portfolio of…. companies, with each……having a disruptive technology in a global market. Oh dear: it's that word again, 'disruptive' – has the board not heard of what happened to Neil Woodford?!
This week private investors seem to be very excited about shares in a company called 7digital (7DIG) and the share price has rocketed, but at this stage I’m finding it hard to see how a rise of this magnitude is justified or sustainable.
Although my main focus is in the oil and mining sectors, I do also follow quite a few shares which don’t fall into this category, with Hostelworld (HSW) being one of them.
Pembridge Resources (PERE) today issued a production update for the latest quarter up to the end of 2019, and based on the figures contained within that, many are struggling to understand why the company isn’t valued more highly.
At first glance Argo Blockchain (ARB) seems to be very different to the type of companies that I normally cover within the natural resources sector, but the actual economics of the business isn’t all that dissimilar.
I always find it surprising that private investors are prepared to take big risks on the drilling of oil and gas wells, yet they won’t touch certain shares due to geo political risks.
When a share keeps on falling you have to decide whether the decline is terminal or how good the chances are of a recovery at some point. In some cases you will just be throwing good money after bad, and just because the shares have traded at a higher level in the past doesn’t mean that they will necessarily do so again if the fundamental changes to the business are terminal. But we also see cases where there is a temporary decline followed by quite a strong recovery, especially where the business is reliant on factors that are cyclical – such as in the natural resources sector as commodity prices fluctuate – or where it has suffered from shorting or a persistent seller, or even a combination of all of these...
There seem to be a number of mid-sized oil producers which have fallen out of favour with investors for quite some time now, and I’d definitely have to include North Sea-focussed EnQuest (ENQ) high up on that list...
I’ve never been able to see any value in Catenae Innovation (CTEA) and haven’t been surprised to see the share price collapse, but an attempt to give it a pump now seems to be underway – which I’d expect given that a placing can’t be that far away!
It is hard to see why the share price of Jadestone Energy (JSE) has dropped recently as there seems to be little reason for it to have done so, and on that basis it definitely deserves closer attention...
When the share price of a small company suddenly rises by more than 240% on no apparent news I am always left wondering who on earth is actually buying after such a huge rise. Often those who are end up getting severely stung, especially when the company itself issues a statement saying that it notes the share price rise and clarifies the current situation and that there is no current reason for it, and that is exactly what seems to be playing out with MySale Group (MYSL)...
Petra Diamonds (PDL) is a company that I covered back in March and so far I have been wrong about it having potential as a speculative investment, as the share price has just taken another big drop.
Silver and gold mining giant Fresnillo (FRES) has always been a good leveraged play on commodity prices, and is a favourite amongst both investors and traders looking for exposure to precious metals.
Back in March I covered Highlands Natural Resources (HNR) and its announcement that it was diversifying into cannabis, as well as highlighting concerns over the high level of costs associated with running the business.
RockRose Energy (RRE) has been one of the real success stories amongst smaller oil and gas producing companies in recent times and has grown its business at an incredible rate via a number of acquisitions. It has come an awful long way since I first covered it as a buy here back in April 2018 at around the 350p level, and today it relisted following a deal which constituted a reverse takeover of the Marathon UK and Marathon West of Shetland assets for $140 million. Currently it is trading at around the 1,900p level with a market cap of circa £240 million, representing a profit of nearly 450% for anyone who followed my original buy recommendation...
There is often an argument for letting your winners continue to run, but in the case of many natural resource stocks listed on AIM you are often better off taking a healthy profit whilst it is on offer.
The angling market is a sector that I know very well as I also work in marketing for the UK’s largest tackle manufacturer, and in the past I haven’t been convinced that the shares in Angling Direct (ANG) have offered any value for investors...
Unfortunately for any holders, Nu Oil and Gas (NUOG) has played out pretty much as I expected it to over the past couple of years, and anyone holding through this period will have seen their investment decimated.
When is a net profit not really a profit? When it is being announced by Prospex Oil and Gas (PXOG) would appear to be one answer to that question!
Regular readers of Share Prophets will know that I’m not exactly a fan of Eqtec (EQT) and have been far from convinced by all the very vague news releases coming from the company, and that opinion certainly hasn’t changed as it seems to provide even less these days by way of actual exact details.
Fertiliser producer Harvest Minerals (HMI) seems to have been getting mentioned quite a bit recently and its shares are sitting at around a 12 month low, which probably means that it is going to get pushed hard in the near future, but is it a company that you should be considering taking a position in?
I don’t generally invest in earlier stage tech companies due to the risk of failure, but I have been following the Bidstack Group (BIDS) story with interest. I’m fully aware that early stage companies in this sector often trade at a large premium to their valuation on paper, as the value is all about future potential and growth and there are examples out there of outfits that started out as small companies before seeing their technology really take off and are now worth a fortune. But this is rare and far more fail and ultimately end up worthless.
Wey Education (WEY) suddenly seems to have become very popular and the share price has pretty much doubled in recent weeks, but I’m struggling to see what the attraction is with this company and why people would invest at this level.
Last week I wrote a piece here about how I expected the market to react badly when EVR Holdings (EVRH) released its final results for 2018, so I wasn’t surprised to see a drop of around 25% in the share price when that news subsequently came.
The past couple of years haven’t been great for FTSE100 stock Centrica (CNA), including the share price having halved during that time, but it could have recovery prospects from the current share price...
EVR Holdings (EVRH) was once a favourite of PIs as its share price soared and it raised around £20 million of capital from institutional investors, but since it was trading at its peak interest seems to have waned and the share price has dropped back a long way.
Diamond miners seem to be out of favour at the moment, but many experts are predicting better things to come for the market, with demand increasing and supply falling, especially when it comes to large or rare coloured stones.
Sentiment towards Plus500 (PLUS) has been negative for some time now, and justifiably so in light of its most recent trading update.
And so AIM-listed jam-tomorrow investment company Tern plc (TERN) has handed over another $315,000 to principal investee Device Authority (DA) in the form of yet another convertible loan, and surprise, surprise the previous loans have yet again been extended by another 6 months. I suppose it was easier to do now that the confetti printing machine got another massively discounted placing away a few days ago at 8.5p, although the shares have since collapsed to just 7.25p – a bad sign indeed.
I’ve been a fan of Central Asia Metals (CAML) for some time now, and although the share price isn’t much higher currently, I still see it ultimately growing into a bigger company.
Smaller companies often offer promises of imminent revenue streams which cause upward spikes in the share price, but for any longer term appreciation in value they need to actually deliver on the expectations of their shareholders. Currently that would definitely seem to be the case with Eqtec (EQT), which I have been bearish on since the share price was between 1.26p and up to 1.57p, and private investors in this gasification to energy company were quick to point out how wrong I was when there was a brief spike in the share price shortly after my initial coverage at the lower end of that range. So, it has really come as much of a surprise to me that the share price has steadily declined over the few months since then and it now trades at around the 0.84p level to buy...
Diamond miners have performed very poorly of late, but that doesn’t mean that trend will continue indefinitely - and now could be a good time to buy with a longer term view. Petra Diamonds (PDL) is definitely one in this sector which has caught my eye lately, and is one of several diamond miners which I have kept an eye on over the years...
SDX Energy (SDX) seems to be one of those AIM natural resources companies that has largely been forgotten about by private investors, but it has an awful lot going on over the coming 12 months, and beyond, and if even some of what it has scheduled goes to plan, then I would expect the shares to trade a lot higher...
AIM-listed jam-tomorrow investment company Tern plc (TERN) updated the market this morning on its wholly-owned investee flexiOPS with lashings and lashings of jam-tomorrow and oopsie, a profit warning buried in the text with regard to Wyld Technologies.
I’m always very wary of investing in small mining companies, as even when the management team and the assets look decent, it is still a bit of a lottery as to whether the company will actually make it to a stage where it is making a profit and returning money to shareholders via dividends.
All that Edenville Energy (EDL) seems to have managed to achieve over the years is to burn through cash at a rate of knots whilst failing to deliver anything for shareholders other than a steady and prolonged decrease in the share price. I can remember even back in 2010/11 when this company was being promoted as having huge potential, along with all the other rubbish that you tend to hear spouted about these small AIM resource outfits across the bulletin boards...
There was much glee amongst certain individuals on Tuesday morning when an RNS dropped from Eqtec (EQT) announcing a contract, and some were very quick to point out that my opinion on the company had been incorrect. That followed my articles here saying that I wouldn’t touch the company, and although the news caused the share price to spike, my opinion on the company is completely unchanged – in fact the news actually reinforced my view!...
A “Trading Update” from self-styled “a world leader in Narrowband Radio Frequency Smart Mesh Networks”, CyanConnode (CYAN) is headlined “FY Revenues significantly exceed those achieved in FY 2017”. Why is the vanity of revenue rather than the reality of cash emphasised? – always a concern…
EQTEC (EQT) has long been a favourite of the pump and dump crews operating at the lower end of AIM, so when the share price suddenly doubles in the space of just a few weeks, and there is seemingly no good reason for the rise, then it is hard not to be suspicious.
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.
Rockhopper Exploration (RKH) was one of the darlings of AIM back in 2010/11 and was a big hit with investors when it first discovered and appraised the Sealion field in the Falklands, but since then interest has waned.
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.
Revolution Bars Group (RBG) is a company that caught my eye a while back, but at the time it was for the wrong reasons as I’d noticed that the share price seemed to be on a steady downwards trajectory. In terms of this, nothing has really changed and it has been making new lows around the 100p area, losing around a third of its value in the past year – which included a brief spike to around 175p in January. This is one where there could be an argument for waiting for the trend to turn positive, if indeed it does from here, but with the market cap back around the £50 million level I can see value in buying here...
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.
Well, here we are again – another Woodford Unicorn has reported, this time Nowegian-listed Thin Film Electronics (OB:THIN) with its 2018 Q3 numbers, and yet another hungry mouth to feed needs feeding, with little in the way of revenue to offer any comfort. The report starts well, but….
I would imagine that most Lionsgold (LION) holders were somewhat less than impressed when news came at the end of last week that its shares were being cancelled.
With any company where there has been fraudulent activity you have to consider whether there are more skeletons in the cupboard which could cause a further freefall in the share price when they emerge.
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.
Time Out Group (TMO) is a name that most people will be familiar with, as many of you will have used it when travelling around the world to make the most of wherever you are staying, and to discover local attractions and restaurants.
If AIM gave out awards for achieving little and issuing billions of shares, then Tanzanian coal miner Edenville Energy (EDL) would be high up the list to receive one!
So hats off to AIM-listed Tern (TERN) boss Al Sisto for answering my two questions. At least, that’s what we are to believe but having waved goodbye to almost an hour of my life listening to the Q&A call the message was clear: we will release news in accordance with AIM Rules. To be fair, one of my two questions made the cut and sort of got an answer, but not one that sheds any light on the situation. The other, well….maybe next time. And then there was, effectively, a sell note from Mr Sisto!
I’m a big fan of Aston Martin cars and it is one of the most famous brands from the UK, but I can’t see myself rushing to buy shares when the IPO takes place in early October. More details on exactly how the floatation will be structured should become available when the car maker publishes a prospectus around September 20, but it is expected that it will be seeking a valuation of around £5 billion.
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.
The AIM market is full of companies that promise the earth from various deals and contracts, yet very rarely do any of them actually deliver what is expected.
Regular readers of ShareProphets will know that I am usually very wary of any natural resources company that isn’t actually producing anything, especially if they are valued in the hundreds of millions.
Often at the lower end of the oil and gas sector private investors get fixated with taking gambles on drills with large prospective resources and dream of untold riches if the company gets lucky with the drill bit, but the reality is that in the majority of cases this will result in a duster and substantial losses.
Shares in AIM-listed Tern plc (TERN) are down sharply this morning by 20% (last seen) on a clarification from the company regarding its principle investee Device Authority. In short, forecasts were, shall we say, a tad optimistic. That, in the wake of a placing at 26p. Perhaps some kind person can explain why that might not amount to securities fraud, for as a humble non-lawyer all I can say is it stinks.
Some might see Foxtons Group (FOXT) as a good recovery play given how far the share price has fallen in recent times... but is it?...
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.
Zibao Metals (ZBO) is a company which most of you will never have heard of before, but could well be on the pump and dump crews lists again very soon after the latest news.
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.
CFD trading platform Plus500 (PLUS) has had a very strong start to the year and its share price has risen by around 90% off of the back of a strong trading performance, but I would definitely question whether that is set to continue going forwards due to some regulatory changes which are about to come into effect.
It seems to be the season for big share price rises off of the back of very little in the way of substance across quite a few companies at the lower end of AIM at the moment!
The People’s Operator (TPOP) is one of a number of AIM companies where you have to wonder whether there is really any point in it continuing to stay in business, other than generating fees for its brokers.
Ocado (OCDO) has seen a significant rise in its share price in recent weeks and seems to have gained upwards momentum, but I would question how long that will last and still see it as very expensive at this point in time.
AIM-listed online women’s clothing play Sosandar (SOS) from the Adam Reynolds stable has announced its trading update for y/e 31 March 2018. This was my pick of the companies I saw and chatted to at the UK Investor Show, and so far the shares have performed admirably. Now it has produced a cracker of a trading update and I still rate the shares a buy, but it certainly is not a “widows and orphans” stock!
Whenever a company doubles in share price in a short space of time it tends to get my attention, and I look for reasons that justify such a sudden increase.
Sudden large drops in share price as a result of a knee-jerk reactions to political world events can present great buying opportunities at times, and I certainly believe that to be the case with the falls we have just seen in the value of many companies with operations in Russia.
Despite changing its name from blur Group (BLUR) to Maistro (MAIS) at the start of the year, it is hard to see much of a change when it comes to the fortunes of the company. Basically, it offers businesses a platform for the procurement of business services, including marketing and human resources, and on its website it boasts that it has been in the business for over a decade. With that in mind, it doesn’t exactly look great that the company is still racking up heavy losses each year, and looks like it is going to continue doing so for the foreseeable future.
Tom Winnifrith and Cynical Bear have been battling it out over AIM-listed Big Sofa (BST) for a fair while. Cynical worries about the company running short of cash, Tom is interested in the growth and points to the fact that Sofa is about to turn profitable (according to the company). In the middle of all this, I have a few shares myself and have been wondering what to do (and so did nothing!)
The People’s Operator (TPOP) is one of those AIM companies where it is hard to see how it will survive in the longer term, and unless things somehow alter dramatically, the recent changes will only delay the inevitable.
Westminster Group (WSG) is a company which I once had high hopes for, but in the past it has always been one which has promised the earth but has failed to deliver much of any real substance.
The rise in shares of Lionsgold (LION) has got the attention of many, and it certainly looked as though news was leaked prior to an RNS later in the day. Having seen the share price dropping steadily of late, it suddenly surged more than 40% on much higher than normal volume. Initially it looked like just another pump, as this share has been very popular with private investors ever since its share price rose by around 500% in December and is very volatile, but then an RNS dropped informing the market that it was making a new investment, and it ended the day up nearly 90% at 4.55p on the ask.
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.
I last covered AIM-listed Draganfly (DRG) HERE and concluded that it was one for the asbestos suit and a very, very long bargepole. Now, almost 15 months on, its (afterhours, natch) interims caught my eye. Apparently the Board are [sic] pleased to announce them, and so is the Chairman. So they are good, right?
The big pharmaceutical companies have traditionally been a fairly safe bet for a steady source of income over the years, and through the peaks and troughs in the markets.
The beverage/retail sector isn’t one which I normally watch that closely in general, but there is one small AIM listed outfit called Distil (DIS) shares in which I have been following for a while now.
Even large, FTSE-100 shares can go through periods where seemingly every piece of news brings about a decline in the share price, and the company seems to be hit by one negative revelation after another. But as long as there isn’t anything wrong with the underlying business, then often these are just temporary blips and can offer the sort of recovery opportunities, and potential returns, that you don’t see often with outfits of this size.
I have to say I haven’t come across AIM-listed Midatech (MTPH) until now. However, with interims results just released perhaps I could get a handle on it. The problem is that the interim report has a few gaping holes in it, all of which leaves a strong sense of unease. The unease in increased when I note that the recent bailout placing (at a whopping 31% discount) showed up Woodford Investment Management as a major holder. Oh dear, not a good start….
Well, well, well: last Friday I suggested that the fundraise advertised by Tern in an RNS dated 11 August which was expected to reach $2.5 million at first close by the end of September appeared to have run into some difficulty. A week later Tern has finally got arround to confessing that first close is now expected to be during October. It seems that the company still needs a bit of help from ShareProphets Nomad Services.
Delays to the Kraken field reaching full production levels could prove costly for EnQuest (ENQ), as it will leave a large gap in expected revenues up until that point.
Unfortunately a lot of early stage media and technology companies can look to have huge potential but then fail to really live up to expectations, and I think that has definitely been the case with Gfinity (GFIN).
Even with shares which have exhibited steady share price growth over a period of years there comes a time when you have to consider selling up and moving on, especially in cases where the market valuation looks to be ahead of the financials.
Over the years I’ve watched the dying stages of a number of companies with interest, and in many cases you see a similar pattern in terms of share price movement.
Following the successful floatation of Fishing Republic (FISH) a couple of years back, it was only a matter of time before one of the other large fishing tackle retailers followed the same route, and we’ve just seen Angling Direct (ANG) list on the AIM market.
Shares in Jubilee Platinum (JLP) have taken a bit of a battering in recent months, but I can still see plenty of upside here on any sort of positive reversal in platinum prices, and it is also worth remembering that other platinum group metals have been more robust.
Private investors often seem to have very short memories, and although many have previously been badly burned by putting money into Mosman Oil and Gas (MSMN), some were flocking back into the company again today, sending its share price rocketing.
The People’s Operator (TPOP) was once a favourite with private investors but its share price has taken a tumble since the latter part of 2016. However, I believe that it is still well over-priced at its current level.
Whilst it is true that a lot of the small companies listed on AIM are total junk, there are also some gems amongst them, and I think that Distil (DIS) falls into that category. I first came across this company at the UK Investor Show a couple of years back and it has performed extremely well since I first covered it as a buy here at around 0.8p - the share price is currently nearly 350% higher than it was back then.
Fishing Republic (FISH) is a company that I have been keeping a close eye on ever since it first listed on AIM back in June 2015 and, although I find it hard to see value at the current market cap, it is showing signs that it could grow into it.
In a “non-regulatory RNS Reach communication”, Fitbug (FITB) “is pleased to announce a customer renewal for wellbeing services with a large financial institution”. Wow, a renewal hey – this following recently announced 2016 results showing a more than £3 million net cash outflow before new financing on reduced revenue of £1.1 million…
Digital Barriers (DGB) has been like so many other AIM companies, in that it has promised a lot but has failed to deliver in the way that investors expected it to, and it now looks like the last chance for the company to live up to expectations.
Hello Share Swappers. We are now living in even scarier times than usual in Shareland. What with Brexit, Big Donald, a possible new cold war, inflation and growing world debt. We are also being frightened witless by the continuing shocking revelations by Uncle Tom and his top team of investigators. If I were running a shaky company, especially one on AIM, I would not be sleeping - ever.
Starcom Systems (STAR) has just released a trading update which shows that progress is still slower than expected in terms of growth and actually making the company profitable.
Fevertree Drinks (FEVR) is a company that I have admittedly been wrong about in the past – I like the product and way the business has grown, but thought the valuation was crazy!
Whenever you get a big drop in the share price of FTSE350 companies it can represent a buying opportunity, depending of course on what caused the drop in the first place.
Time Out Group (TMO) “is pleased to announce” that “revenue for the full year is anticipated to be ahead of the board's expectations” and “closing net cash expected to be better than previously anticipated”. So why are the shares barely ahead, at 137p?...
With the L1 funding package now fully drawn, AIM-listed CloudTag has now had an awfully large amount of money, yet we are still to see a product available for it to sell. But thumbing through the RNSs of the last few months shows an incredible cashburn. Where has it all gone?
ShareProphets AIM-China Filthy Forty play Taihua (TAIH) is, in my view, a screaming sell in view of the Red Flags highlighted on this site for months. I doubt very much whether a short position is possible with this stock, but if I were a holder I’d be running for the hills.
Hello Share Tasters. I hold more Trinity Mirror (TNI) shares than I am happy with. It’s the usual story of having invested many, many years ago and then failing to wave bye bye when the story changes for the worst.
Hello Share Twiddlers. There are some shares in our bag, gang, that we know, just know will keep on bumping up our investment. I have brought to your notice recently the Welsh computer engineer IQE (IQE). That is one of them. Another is Legal and General (LGEN). And a third is the Honkers Bonkers bank (HSBA).
Hello Share Puzzlers. Thank goodness the hay fever season is over. I no longer suffer, having moved to the seaside, but the horror of a blocked conk and streaming eyes remains. You may have noticed that allergies seem to be on the rise. At least the number of folk who complain about them is.
ShareProphets AIM-China Filthy Forty play Haike Chemical (HAIK) took the biscuit this morning with an update that its last trading statement was just sheer hogwash. If it was uninvestable before, finding out that an “administrative oversight” led to a 50% overstatement of revenue which has taken almost seven weeks to come to light ought to have investors shying away from their bargepoles even if wearing asbestos gloves.
Robot technology to enhance the mobility of wheelchair users-focused Rex Bionics (RXB) has announced results for its year ended 31st March 2016 and that this “has been a period of broad progress across all areas, and we are pleased to be able to report to shareholders on the achievement of a number of important milestones during the period”. Hmmm…
Hello Share Funsters. I don’t like investing in the motor industry because I think we should all do more walking, I hate air pollution and don’t really like driving. But this should not stop my bringing to your attention companies in this line which I think might make you some money. Though you must always do your own research as I could be - and often am - wrong.
Oh dear, oh dear, oh dear. Things are starting to terminal for AIM-listed Galasys (GLS). With the boardroom already at war with itself and dragging the dispute into English, Jersey and Singapore court-rooms and with qualified accounts released for FY15 now we learn that Computershare has terminated its services as company secretary and provider of the registered office.
Hello Share Fiends. As ARM (ARM) is likely to be taken over at a juicy premium for shareholders of 42% on the pre-news price, it is only fitting that we look at another company in (very) roughly the same line of business. It is another of my limited stable of technological shares and it's called IQE (IQE).
Shares in AIM-listed Transense Technologies (TRT) are up heavily on the back of a positive-looking trading statement and news of a licence agreement with NYSE giant General Electric (GE). But is the news all it is cracked up to be?
In February, with its shares at over 200p, I noted scepticism on Eagle Eye Solutions (EYE) after a heavily spun trading update - see HERE. We now have another trading update and CEO Phill Blundell emphasising “encouraging progress”, though the shares currently down a further more than 10%, to 164p, in response. Hmmm…
Hello Share Crunchers. Let me send you a letter recommending you research Royal Mail (RMG). I believe, though am not entierly sure as I don't look too closely into her finances, that my wife still holds some shares. So I am not entirely unbiased. Though I sold mr Royal Mail stock some time ago for a tasty profit - and have no plans at present to buy them back. This is not because I believe the share has a limited prospect of rising, but because this family already owns enough Royal Mail shares. Eggs and baskets and all that.
Hello Share Bunnies. You may be tempted top think that shares in magazine companies could be a bit iffy following Trinity Mirror’s (TNI) decision to pull the plug on its latest daily newspaper. But there is a company in this line which is doing rather well. Connect (CNCT) is Britain’s largest magazine and newspaper outfit.
Manager of promotional and retail merchandising space in shopping centres and other high footfall venues, SpaceandPeople plc (SAL) has announced results for the first half of 2014 “challenging period for the group, with trading in a number of areas being slower than had been anticipated". It now expects full-year “profit before tax and non-recurring costs of between £800k and £1.0million and profit before tax but after non-recurring costs, of between £500k and £700k”. Is this discounted in a share price, which has fallen from more than 150p earlier this year to a current sub 50p?
Shares in Goals Soccer Centres (GOAL) currently trade 4% higher today, at 221p, on the back of its results for the first half of the 2014 calendar year and with the company “confident in meeting its financial expectations for the current financial year and delivering long term value to its shareholders”. I update in the following having, at 192.5p, identified potential value in the shares early this year.
For the September Stock-Ping Stockpinger brings you a company operating in a specialised and niche market, a company far unlike companies already featured. However, having said that, this is a company with an emphasis on recycling, slightly akin to last month’s Stock-Ping, TEG Environmental. This month we’ve picked Hydrodec Group PLC (HYR).
Nighthawk Energy (HAWK) has had more than its fair share of ups and downs over the years, but now seems to be heading in the right direction. The AIM-listed oil producer and explorer is based in the US with licences in various parts of Colorado, and the latest update showed that during July it produced over 2,000bopd – although this was down slightly on the previous two months due to maintenance work and testing.
WPP interim results are a classic example of what the strong pound has been doing to British overseas earners. Thank God the minority of two on the Bank of England rate setting Monetary Committee did not persuade the rest to raise interest rates when the Committee met recently. Life is tough enough for companies such as WPP (WPP); most of its top line revenue comes from overseas. In the six months to June 30 this was reported up 2.7%. However, if it were not for the painfully strong Sterling exchange rate, revenue, we are told would, have risen a staggering 11.3%.
I first looked at Group4 Services (GFS) just thirteen months ago. Then the share price had collapsed to 212p after the Olympic Games fiasco and the charging scandal, in which HM Prison service was wrongly charged by G4S for tagging offenders not in custody, when it turned out that they were in prison or not available for such a service. It transpired that the picture of Group 4 operatives turning up for a made to measure electronic leg attachment, had too much fiction about it. Such seeming duplicity was a disastrous public relations and brand image catastrophe with bad vibrations. In July 2013, I found value in the company and the share price of 2012p, which duly obliged by peaking at 274p earlier this month. Last seen, the shares had come down to 261p.
IndigoVision Group (IND), the Edinburgh-headquartered designer and manufacturer of video security systems for large scale and complex security installations, has given an update on trading, including noting that “all major regions have reported year on year revenue growth”. The shares have fallen a couple of percent on this news, so now is the time to examine whether or not there is value to be had here.
Hello Share Pickers: Aggreko (AGK) has been a great share for me. But that was a few years ago. When the share price started to decay after a long healthy bull run, I dumped 'em. There is no loyalty in this black heart. Your best share in the whole wide world should be dropped when things start to go wrong. And they nearly always do, eventually.
Afren (AFR) has taken a massive hit following the suspension of two of its directors, and it could well have further to drop. Last week’s news that the CEO and Chief Operating Officer had received unauthorised payments benefitting them personally has already knocked more than £500 million off the market cap of this oil and gas producer.
Back to the ‘T’s and mother nature for this month’s Stockping however far removed from wireless technology and infection control, the company this month operate on the old adage ‘where there’s muck, there’s money’ and possibly in increasing amounts in years to come. TEG Group PLC (TEG) with its wholly owned subsidiaries, TEG Environmental , TEG Energy and Simpro along with 50% stakes in TEG Biogas (Perth) and TEG Biogas (London) provides state of the art technology for handling organic wastes with abbreviations such as: ‘IVC’ – in vessel composting, ‘ABP’ – animal by product and ‘AD’ anaerobic digestion, gardeners will know, the latter is rather smelly, but this shouldn’t put you off the share!!!