Disclosure: I own shares in one or more of the stocks mentioned. 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.
Hello Share Gatherers: Having done a bit of selling to clear up my tax position at the end of the financial year, I have found myself with a load of cash in my ISAS and my ordinary trading accounts.
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Comments
Stipe123
Not sure if I misread the article, but CLIG is an emerging markets fund manager, not a London property company.
Libero
I know nothing about the first 2 companies you’ve chosen but SPL is one I’ve truly considered previously. I never went for it but I think that was a wise choice of yours.
If you fancy non-FTSE stocks which are less speculative why not have a look at:
SYQ (whose closest comparison is Netflix in terms of business model, it’s growing v fast and is very undervalued);
SFE – Undervalued, dividend-paying, fast growing British company that should do well from the booming housing market and rising consumer confidence.
SPSY – jaw-droppingly undervalued niche company. I’m not in this one because the lack of news flow is v disappointing but the margin of safety there is second to none if you have the patience for it.
VLK – trading at 49p, fair value is 70p. It’s in need of a catalyst to get it out of sub 50p territory but it’s a a very solid company with a great BoD and it is targetting £80m revenue / £8m pre-tax profit, and has recently made a superb acquisition for just 7 x EBIT to help it on its way!
AEO – 71p at the moment but 90-100p is fair value. Another solid stock similar to VLK
My point is: just because you want AIM-listed companies they don’t have to be super speculative, Malcolm.
Very best regards,
Dan
wildrides
Serial value destroyer and “lifestyle director” David “Dell Boy “ Lenigas spunks away 1.5 million pounds of share holders hard earned cash in a legal case that was destined to fail from the get go . Lenigas fails once again to fight the battles he can win , because its not his money he is wasting ……… it is that of share holders, so it does not matter to him .
RNS:-
Litigation Update: Receipt of Initial £600,000 of Costs from LGO
On 27 March 2014, the Commercial Court handed down judgment in the legal case brought by Leni Gas & Oil Plc and Leni Gas & Oil Investments Ltd (“LGO”) against MOG’s subsidiary Malta Oil Pty Limited. The Court found that LGO’s case failed at every stage.
On 3 April, Mr Justice Males further held that LGO should pay MOG’s legal costs on an indemnity basis partly because:
· LGO pursued a “weak and thin” case involving serious allegations of fraud and dishonesty “to the bitter end” which required a full forensic enquiry and led to increased legal costs.
· LGO courted publicity during the legal proceedings in a way that was intended to raise the profile of the case.
The award of legal costs on an indemnity basis means that MOG expects to recover substantially all of its legal costs and certainly a much higher proportion than if it had been awarded costs on the usual ‘standard’ basis.
MOG is pleased to announce that it has now received the first £600,000 from LGO as an interim payment towards its costs, which amount to over £1.5 million.
malcolm stacey
Hi gang, Thanks for your comments. We live in a very complex world, and I am very happy to take corrections. Stipers, despite the name, CLIG
is indeed an emerging markets investor. Got a little confused after reading their website, though it is probably my fault. Never mind, their recent graph is impressive.
malcolm stacey
Hello Wilders. My sympathies. I too get fed up – and burned occasionally – by company bosses who waste shareholders money, while enjoying fat salaries. I cannot comment on this story, as I’ve not researched it. Luckily for us, Tom W and his gang are always on the look out and issue good warnings. Though they won’t catch em all.
wildrides
shocking
Libero
Since making those share tips 6 days ago:
SPSY is now 26% up (and was 40% up at one stage); and…
AEO is 12% up on when I tipped it 6 days ago, having rose sharply today.
If you listened to me Malcom my invoice is in the post ;)
Just joking, pal, even I’m surprised at how quickly 2 out of the 5 shares I tipped have risen in such a short space of time.
Best regards as ever,
Libero