UK 14:16 Monday, 2 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Echo Energy (ECHO) says that it has managed to secure £500,000 in funding via a death spiral. Given that the market cap at 0.003p ( off 25% today) is norra lot over £600,000 that might look like a good effort. But the statement dissembles.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Sound Energy (SOU) limps on. Dracula is still a consultant as the company tries to sell its main asset to a bidder which has no money. Without such a disposal – and I am sure you can spot the flow in this “cunning plan” - the company will be unable to pay its debts as they fall due and will almost certainly go bust. So, what of another hound in Dracula’s kennels, Echo Energy (ECHO), which reported its results today a headline loss of $10 million is pretty good going.
I am always very wary of companies with large amounts of debt and that has deterred me greatly from backing Echo Energy (ECHO). Its results were out today and the City’s No 1 oil analyst, Zac “the knife” Phillips of SP Angel has issued a stark warning. The great man opines:
Too many mug punters who gamble on oil and gas explorers seem to think that with modern technology, blah, blah, blah drilling is a slam dunk certainty or at the very least, highly likely to succeed. They blather on about 70 or 80% COS statistics without a clue. If you look at AIM RNS’s the reality is that, across the board, the vast majority of wells drilled are not commercial. And that brings us to today’s disaster from Echo Energy (ECHO).
Often when a smaller AIM company operating in the natural resources sector announces a placing it ends up being bad news for those currently invested, but there are also cases where the money is being sought in order to accelerate operations. Of course, the company still ultimately needs to deliver and for the work that the money is being raised for to be successful, but I would certainly rather see this than a company that is sitting around doing nothing and burning through cash whilst its directors pocket a nice salary.
Shares in uber-ramped Echo Energy (ECHO) were suspended today after a sharp share price move on Friday forced an admission from the company. Hmmmm, heavy share dealing just before a big announcement. But this is AIM, the world's most successful growth market so that is just a total coincidence just like it always is on the casino. Move along gents..nothing to see.
My last piece on Echo Energy (ECHO) looked at how connected party Greenberry was making a fortune out of the ramp and also looked at rather odd TR-1s. Well history is repeating itself and, as always expected, yesterday’s TR-1 shows how the other connected “institutional investor” here, Pegasus, has also made a very quick buck - not that it told anyone when it was doing so!
Having rather publicly fired its old retained broker Brandon Hill Research on 31 July for being sensible, Echo Energy (ECHO) has today announced it has a new broker Hannam & partners. Who? I must admit that I have never heard of this firm and an RNS search shows it acting for just one other London listed company as its retained broker. But maybe it has a big research capacity to ramp the shares? er...
This will make you laugh. I take my hat off to Cenkos Securities oil analyst Ashley Kelty for this Nobel Prize winning research. I have not seen such a witty and vicious put down in years. I fear that Zac "the Knife" Phillips at SP Angel will have to up his game to retain his crown as the UK's top oil analyst, Ashley is our hero of the day. The subject is Echo Energy (ECHO). Enjoy.
Echo Energy (ECHO) the overvalued wannabee oil explorer has today announced that it is firing its retained broker Brandon Hill. This is most unusual.
Shares in Echo Energy are off by 5% at 14.5p mid today on the back of the bad news on the drilling front from Sound Energy (SOU). But do they have further to fall? On fundamentals yes they do.
My second piece on insiders cashing in and odd TR-1’s is, very predictably, looking at Echo Energy and, in particular, the two late RNS’s on Friday afternoon which show that the “Cornerstone Investor”, Greenberry plc, is offloading shares and warrants all over the shop and appears to be almost giving them away too – what a charitable sort! Let’s take a look.
