UK 09:59 Wednesday, 7 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 feel let down by someone, legged over. But revenge is a dish best served cold. Last year I "dealt with" someone in print who'd cost me money 15 years previously. It was all the better for waiting. I am sure there will be a couple of listeners who will take this on board today. Was I wrong about Gulf Keystone (GKP) yesterday HERE? No the analysis still stands, today's share price spike is a selling opportunity. I also look at Kenmare (KMR), Lakehouse (LAKE), Litebulb (LBB), MX Oil (MXO - statement needed - Crossrider (CROS), Afriag (TOAST), Blenheim (BNR) and Solgold (SOLG) which gets a detailed review and sell advice.
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Comments
wildrides
Whats up Whinney ?
Did you not get invited to Scotties latest Venice piss up . Dont worry I hear it went very badly . He burnt his man bits with Radox Shower Gel ( a likely story ) and thus could not sit down on the plane due to the pain . Then he shared a room with a snoring Gorilla that had just had a Bi -lateral nasal passage widening operation the size of Portland Bill fog horn ………..and he had to work from his Venice hotel room ……..allegedly …………..Karma I call it . Never mix work and play as neither turn out any the better for it .
Duck and Dive
Just took a quick shufti at LAKE to see why it dropped nearly 60% today and I’m tempted to buy. Nothing in the RNS warrants a sell-off of such proportions. They have spread the risk over diverse operations and seem quite efficient, notwithstanding the revised forecast – which is, after all, for a reduced profit, not a loss. They’ve got cash and they have no debt. I liked what I saw albeit I might have preferred to find more institutional shareholders (although Legal & General recently bought 5% which they won’t be happy about and Slater Investments own 6% – not that you can find this on LAKE’s website) and I need to dig out info on the former director and still major (15%) shareholder, Steven Rawlings although he hasn’t been selling afaict. Looks like a sound business operating in fairly safe sectors. What am I missing – apart from today’s moderate trading update?
TimNiceButDim
Bad news ahead Tom? who let you down?
Daniel Victor
To be fair to GKP supporters,it would be embarrasing to the Kurds if it actually went bankrupt due to their late payments.I don’t think that that will be enough for them to bail it out,but I suppose they might try to engineer some sort of debt-for-equity swap with shareholders being thrown a bone once the share price had fallen far enough. As was mentioned earlier,what had been annoying GKP supporters is that sufficient weight hadn’t been given here to the money that was owed.I’m guessing that that was what was annoying Paul Curtis [please forgive me if I am wrong,Paul] and why he felt motivated to speak up despite being a bondholder rather than a shareholder.
wildrides
I think Ive got it ;-) ………….Drummond from Teathers has told you it wont ever relist and he is running off with all the money , a bit like his brother and MDC ( allegedly and in the best possible taste )
TW note - both defamatory and untrue in all respects, kind of par for the course for youalcira16247
Duck and Dive
Re:- LakeHouse
FWIW I opened a small position yesterday afternoon, as the markets knee jerk reaction to the companies statement seemed completely over done.
The company has divided opinion, many investors exercising caution, however, whilst I have no trust in the investing prowess of L&G, I’m a big fan of Mark Slater and content to follow his judgement ( and money! ) in backing, what he considers to be a fundamentally good business.
Since the IPO management have disappointed and have a lot to prove in meeting future expectations. For those not adverse to risk and prepared to give the board, the benefit of the doubt, the shares could hold attractive recovery prospects.
Fingers crossed!
http://www.stockopedia.com/content/stock-in-focus-can-lakehouse-deliver-on-ipo-promise-115602/?comment=8#8
wildrides
“Defamatory and untrue” ……… thats the pot calling the kettle black where your concerned if ever I heard it , and I would not want to steal your trademark .
I really have got it this time :-
Chris Oil has reported you to the FCA for market abuse ( allegedly )
Oh no , even better ………….. the Canadian who bought your Pizza emporium from you fixed the books so that they showed too little profit and thus bought it real cheap ( allegedly and in the best possible taste ) He raised the profits to unbelievable levels by hiring out the Gimp in the basement for parties in Hipster land .
wildrides
I really , really, have got it this time …………. Oakley has reported you to the RSPCA for underfeeding him and allowing insufficient toilet breaks in centrally heated ,luxury pile carpeted conditions .
Tom Winnifrith
Wildes
This is the final proof that you have gone utterly bonkers…the idea that Oakley is in any way underfed…
t
Bearfacts
Re Mx Oil and the sale of the Nigerian asset. Your an Oil junkie Tom what’s your opinion on this?
My opinion is that the value of this asset since purchase has decreased not increased due to POO and why not name the Buyer since it appears to be a international company.
This mystery company I think if it clever would complete the loan to get into production cost $3.5m and pending the flows ect are good and POO is similar lever, decline to buy and have creditor loan over this asset of which I remind you has currently a negative NPV and is NOT currently commercial under $45 a barrel.
Wait for a while and take the asset when things stabilise in oil market.
The NPV at $70 a barrel is $31m so why pay over the odds and why pay over 3 bloody years!
The BB Morons are frothy due to sale and placement but I think they need to be very careful.
All the best…
Bearfacts
An example of how deals are not so always game changing, re Strategic Minerals (SML) yesterday announced the Tatu Coal Mine project they were progressing has now been gave back to original KCM (project company) owners for nz$1 yes that what about 50p as they didn’t meet SPA terms.
They acquired March last year for cash of roughly nz$132.5k and spent on at least a bulk sample cost nz$280k.
Of course the sp has yday and tday cratered, the details are always in the small print!.
All the best….
Duck and Dive
If that Nigerian “deal” comes to fruition, I will bare my bum in Trafalgar Square. However, I suspect it is the MXO placing price which has irked Uncle Tom.
wildrides
I really ,really ,really have got it this time :- Amanda Van Goddess has backed out of the next Gold & Bears and is telling everyone to sell gold and buy supermarkets ( alledgedly , in the best possible taste )
On pause for thought , naah that cant be it …….Hell would freeze over first .
I give up .
TW Note: the Oakley one was a tad more plausible.ACB
Re Gulf Keystone and new payment structure. I might have this wrong but if they are producing 36000 barrels per day and they will be paid by Brent crude prices say $30 for arguments sake, that interprets into approx $1m a day, more than twice they are receiving now and that’s without the added 5%. I might have the figures wrong of course or misunderstood the news. Any comments or corrections greatfully received.