UK 19:28 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I am sorry for the delayed podcast but I am only just back from time in the Grim Northern welfare safari with the mother in law and thus can now let myself go with a volley of bad language. I end with an explanation of who benefitted from the £150 million + Himex fraud at Quindell (QPP) laid bare earlier HERE and how it also affects Watchstone (WTG). Before that I talk of my annoyance on the silly blogger spats and the explain the difference between a cash shell and an investment company and why I regard our work on exposing the latter as invaluable. In the middle segment I have more bad news for oil companies such as XCite (XEL), IGAS (IGAS), Petroceltic (PCI) & Gulf Keystone (GKP) and for the sector as a whole but also for the markets. Dont blame China, we bears are still in the driving seat.
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Comments
Daniel Victor
If a company has net negative earnings and its liabilities exceed its assets,then a reasonable target price for its shares is zero.In that case,it may not be necessary to accurately assess all of the plusses and minuses.
wildrides
So enjoyed your school report :-
The English teacher said ……….. “he displays a good vocabulary but at present tends to write as he thinks instead of thinking first. The result is long rambling sentences with little or no punctuation.”
At least the rambling sentences with little or no punctuation has improved . We should be grateful for small mercies I suppose.
My own report says “ lacks concentration and day dreams rather too often to make steady progress” Flippin heck , I am a Pisces so what do they expect ? Every one knows they live on another planet most of the time and have the attention span of a butterfly with tiny bladder syndrome .
MrMoto
Where’s the Zero Hedge Stock Market News link for this?!
http://www.zerohedge.com/news/2016-01-24/bowels-emptied-women-molested-german-media-reveals-monstrous-cctv-footage-refugee-po
The migrant hostility building in Germany is worrying, but for now. Check out some ace comments in the footer of the link.
Bearfacts
Re.MXO and the potential sale of asset.
This all just smells a bit to me the BB are going into a froth and frenzy, due to of course the RNS and the multiply of share price comment.
In my opinion this asset at today oil price is way off economic, 10% discount is economic when it producing at $45 and a Npv (10) of $31.5m at $70 a barrel so basically negative npv at moment.
The near completion on a placing and now this comes out and let’s not get started on Cornhill and the potential related party payment due to sale of asset, and the fact the price prior RNS was 7 times lower than when they bought the asset in July 2015.
Surely they not spiking the price with an ‘offer’.
All the best…
Bearfacts
Update.
FCA market abuse are looking at the MXO situation.
All the best..,.