ShareProphets

Sunday 25 June 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


29 May 2017, 07:44 | By Tom Winnifrith |

ShareSoc has it (almost) 100% right - where is the justice on RBS?

Now that Roger "Ramper" Lawson has been resigned from ShareSoc in disgrace, ShareSoc it is starting to serve up some opinions of worth. Its latest comment on the RBS scandal is bang on the money and shows why the UK Financial system is flawed and will screw we little people every time.

29 May 2017, 07:43 | By Tom Winnifrith |

African Potash fraud - litigation update

The case for suing Nomad Cantor Fitzgerald over the African Potash (AFPO) fraud builds. It may be that CEO Lyin Chris Cleverley is also sued by shareholders who lost out although it is suspected that he has little in the way of assets so it may be worth sticking with Cantor. The man running the case Peter Petyt has just sent the following update with intriguing new information:

29 May 2017, 07:42 | By Tom Winnifrith |

British Airways- why I was not flying Saturday: an ex customer writes about it and the journalists it bribes

I was due to fly back to Greece on Saturday with British Airways but I did not. It is not for the reason you think, there being no British Airways flights at all out of Heathrow and Gatwick due to an IT bollocks up, but for other reasons equally damning of the airline, now part of International Airlines Group (IAG).

29 May 2017, 07:35 | By Steve Moore & Tom Winnifrith |

Chamberlin – full-year results and management chat

Chamberlin (CMH), a 105p offer price share tip from ourselves last month, has announced results for its year ended 31st March 2017 and that ongoing growth is “supported by major new contracts coming on stream”. The shares are now 154p! Who's Da Daddy???

29 May 2017, 07:34 | By Tom Winnifrith |

Data shows the US Economy is very weak indeed but rates will rise - Peter Schiff

Peter Schiff is a libertarian a gold bug and a hero of mine. So I listen to what he says. His latest podcast - not surprisingly - has a similar world view to mine. The Fed is now indicating it needs evidence that  the Q1 weak economic data is transitory and not a trend.  This is interesting for 2 reasons.  The Fed’s narrative has always been to tout economic growth even in the face of flimsy or no supporting data.  Now the Fed is actually admitting there is weakness.  The other interesting thing is that, although the Fed continues to claim it is “data dependent”, it has been ignoring the economic data ever since the first rate hike.  The market puts chances of a June rate hike at almost 100%.  Maybe that is because it believes the Fed will raise rates regardless of proof.

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29 May 2017, 07:31 | By Gary Newman |

Cost cutting could prove costly for International Airlines Group

International Consolidated Airlines Group (IAG) has been on a steady upwards trajectory ever since taking a big hit to its share price when the UK voted in favour of Brexit last June, but that rise looks like it is about to hit a brick wall following last week’s debacle involving British Airways.

29 May 2017, 07:29 | By ShareProphets |

ShareProphets readers tips for 2017 competition - Spring Bank Holiday update

Having asked for readers tips for 2017 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2017)...

29 May 2017, 07:27 | By Malcolm Stacey |

Who Has Short Shorts? Perhaps Nobody Should - Unless They're Experts.

Hello Share Poolers. Shorting ain’t for moi. I’ve lost too much money, too fast to make it pleasurable. Painful is more the word.

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28 May 2017, 10:24 | By Tom Winnifrith |

New Bulletin Board Moron of the week sponsored by Granny Snuffs & Wildes

The nauseating Mail on Sunday fawned upon Pippa Middleton and her ghastly family as they celebrated the "wedding of the Year"Bring on the revolution! But perhaps the real wedding of the year should be between our two very own in-house Bulletin Board Morons GrannySnuffs & Wildes who seem made for each other. can you find examples on the LSE Asylum, iii, ADVFN or twitter of comments more idiotic than those of our own dream team? If so post in the comments section below, the deadline is midnight Sunday 28th May.

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28 May 2017, 10:23 | By Tom Winnifrith, The Sheriff of AIM |

Malay Junk Fusionex - to end the AIM farce - RNS at no-one is watching a clock - as £55 million of UK cash goes up in smoke

At 5.30 PM on the Friday before the bank holiday, no-one is watching O'Clock, Fusionex (FXI) said that it was to delist from AIM. The shares closed the day off 2p at 129p but will absolutely crater Tuesday as this stinks as we have warned you so many times - as you can see HERE. Once again we are vindicated and the City pump & promote machine must hang its head in shame.

28 May 2017, 10:23 | By Steve Moore & Tom Winnifrith |

Alliance Pharma – positive AGM update, remains a buy

Alliance Pharma (APH) has made an AGM update announcement, including that trading “is good and in line with the board's expectations” and that “cash flow in the business remains strong”. This is a healthy reaffirmation of our BUY tip of last month which is now well in the money.

28 May 2017, 10:23 | By Tom Winnifrith |

Market abuse, PCGE, an honest if careless scouse tipster and the sordid underbelly of AIM

Having explained how folks paying up to 0.16p for shares in PGCE fully deserved the rogering they got on Friday after a new media rampfest turned sour I was startled to be told by some professional TW hater "but you tipped it, Doc Holiday said so". Au contraire.

28 May 2017, 10:22 | By HotStockRockets |

Union Jack Oil - Wressle Update: BUY

Union Jack Oil (UJO) has announced that Egdon, the operator of blocks PEDL180 and PEDL182, the Lincolnshire based Wressle prospect, has received a variation to the Mining Waste Permit. Union jack has a 15% stake in Wressle where progress in getting the field producing has been delayed by NIMBY's at the County Council.

28 May 2017, 10:21 | By Pizza Hardman Darren Atwater |

General Election Caption Contest Winner: Gruesome twosome, Katie Hopkins and Jeremy Corbyn

Well, apparently these two have few fans on ShareProphets as you can see from the submissions. But we've selected a first time winner.

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28 May 2017, 10:20 | By Gary Newman |

Petrofac can still recover after recent bad news

Petrofac (PFC) has seen its share price get absolutely hammered in recent weeks, and although some will probably think I am mad, I can see a buying opportunity here at these levels.

28 May 2017, 10:19 | By Tom Winnifrith |

Eden Research Plc – What is really going on with its terpene technology license from UMMS?

AIM Listed fraud Eden Research (EDEN) has bneen shown to have committed FRAUD, has been panned by the FRC and is still under FRC investigation (whatever it says). But there coulde be an even bigger problem. In its AIM admission document Eden explained that an element of its terpene chemistry was licensed as set out below:

28 May 2017, 10:18 | By Pizza Hardman Darren Atwater |

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27 May 2017, 10:46 | By HotStockRockets |

Orogen - shares suspended ahead of Adam Reynolds RTO and it looks like a blinder!

Bingo. Off we go. We hope that you averaged down and got on board as we urged the other day as shares in Orogen Gold (RE) have been suspended at 1.7p ahead of a readmission document for what looks like a cracking RTO. This could be the most sizzling Adam Reynolds reverse yet.

27 May 2017, 10:44 | By Darren Atwater |

New General Election caption contest: Katie Hopkins & Jeremy Corbyn, or which one is the gruesome one?

Caption this photo of a gruesome, delusional waste of space and a person who just tells it like it is. Deadline is midnight tonight (Saturday 27 May). I suspect that TW and myself disagree about which is which. TW Note - This is a picture of "No beauty in the two beasts."

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27 May 2017, 10:43 | By Tom Winnifrith, The Sheriff of AIM |

PCGE - Placing: the morons deserved to be debagged & buggered: Chairman Poulden did the right thing

Yesterday morning I ran a piece pointing out that at 0.15p the valuation of PCGE (PCGE) was utterly insane and anyone buying shares (at up to 0.16p!) deserved the beating that would surely follow. It did not take long. At 2.19 PM the company announced it had raised £400,000 at 0.1p. Ouch. The shares are now 0.11p to sell. BBMs 0 The Sheriff of AIM 1. A familiar scoreline.

9 hours ago | By ShareProphets |

The June edition of the UK Investor Magazine is live - 5 share Tips, voting guide, and where to emigrate if the wrong party wins

The June edition of the UK Investor Show Magazine is live featuring three resource shares to buy,  two more share tips, a voting guide for investors, and where to emigrate if the wrong party wins a special offer expiring on June 14 and much more.

 
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6 days ago | By Malcolm Stacey |

New Insurer on the Block Conquers Growing Market for Brits Abroad

Hello Share Bottlers. You may, or may not, have noticed that I currently favour insurance companies. And following my own advice for once, I am now sitting on cracking profits on two of the biggest, Legal & General (LGEN) and RSA (RSA). I would still commend both these entities to your further inspection. However, I now turn the spotlight on a smaller, newer and more specialised insurance player.

6 days ago | By Tom Winnifrith |

Rockpool Acquisitions IPO - a new member of the Sub Standard XI? I fear I can't SUFTUM

The demise of so many Standard Listed companies means that poor Cynical Bear has some big holes in his Sub Standard List X1 squad. But fear not, from God's chosen lands of Northern Ireland here comes Rockpool Acqusitions which will list in early July having raised £1.5 million at 10p.

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6 days ago | By Darren Atwater |

Winner of the Bulletin Board Moron of the Week contest - sponsored by Jim Mellon's Diabetic Boot Company

Our nominations usually come from LSE.co.uk, ADVFN.co.uk, III.co.uk, and sometimes the FT. But this is the first time that our winner comes from the world of academia. And no, the author is not Tom's sociology lecturing Mrs

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9 hours ago | By Darren Atwater |

New Bulletin Board Moron of the Week contest - sponsored by David Lenigas on steroids

The prize is a cheap one way flight to Mars organised by Elon Musk a promoter who makes David Lenigas seem bashful and understated. The challenge: We're looking for exemplary examples of sheer stupidity from those founts of brilliance; LSE.co.uk, III.co.uk and ADVFN.co.uk. The deadline to post your entries in the comments section below is midnight, Sunday 25 June.

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6 days ago | By Steve Moore |

Microsaic Systems – from in December sales to be “substantially ahead” of 2016’s, to now “significantly lower than for 2016”

“Trading Statement” announcement from Microsaic Systems (MSYS) includes Chairman Eric Yeatman commenting “we are very encouraged with the progress since our 21 March 2017 update, when we introduced our biopharma strategy, specifically around bioprocessing. We are engaging with several of the leading players in the global market for bioprocessing equipment”. However, the statement also includes that “the company now expects its H1 and full year 2017 revenue to be significantly lower than for 2016”. Hmmm…

6 days ago | By Tom Winnifrith, The Sheriff of AIM |

Servision and that breach of AIM rules with the delayed (lack of) profits warning - is it even worse that we thought?

I have been deeply troubled by the most recent lack of profits warning from AIM listed worthless POS Servision (SEV). My initial view, expressed HERE, is that in not admitting to order slippage from December for almost six months it had committed a massive breach of AIM Rules regarding timely disclosure of price sensitive news. But I fear it may be far worse than that.

6 days ago | By David Scott |

The question of a soft or hard Brexit does not lie within UK politics

The question of a soft or hard Brexit does not lie within UK politics but with the priorities of the EU. The EU’s number one priority is to avoid setting a precedent of successful exits – the UK election result does not change this. What is clear, however, is that Mrs May is no longer in control of the outcome; parliament will decide on whatever deal emerges.

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6 days ago | By Tom Winnifrith |

Fusionex shares up 55% at 61p - WTF? Fear not

In seven days time shares in Fusionex (FXI) the drowning in red flags tech company from the Norfolk province of Malaysia will be delisted from the AIM Casino. Yet the shares are up by 55% today at 61.5p. WTF?

5 days ago | By Malcolm Stacey |

Blistering Performance of IQE Shares, But I'm Not selling Yet

Hello Share Scrimpers. When one suggests a share which becomes a two-bagger plus, there is a bit of a duty to keep readers appraised of developments. That is to examine whether it looks like enough is enough and it's time to consider taking profits. In the case of IQE (IQE) though, this is perhaps not the case.

5 days ago | By Tom Winnifrith, The Sheriff of AIM |

Condor Gold Nicaragua Court No Show as it bullies peasants opposing La India Mine

Condor Gold (CNR) has still to inform its long suffering investors of the enormous opposition it faces on the ground as it tries to develop the La India gold mine in Nicaragua. Perhaps it is because CEO Mark Child knows that his company is acting like fascist bullyboys in the way they deal with poor local peasants. Child's actions probably impress his offshore based asset stripping millionaire mates but in the wider world the mood is changing and robber capitalism is not so cool any more. So what is overpaid and underperforming Mark not telling you?

6 days ago | By ShareProphets |

Precious Metals Video Update: Downside Risk Increasing

In light of base rate increases in the US, technical analyst Jordan Roy Byrne is getting more cautious on the outlook for gold and precious metals. From a fundamental as well as a TA perspective he explains why in the latest podcast from Palisade Capital.

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6 days ago | By Steve Moore |

Plant Impact – Third Quarter Trading Update far from routine…

“Third Quarter Trading Update” announcement from Plant Impact (PIM). Sounds routine, but the shares are currently more than 12% lower at sub 40p…

6 days ago | By Steve Moore |

Filtronic – year-end update, following prior ‘ahead of expectations’ announcement…

Electronics products for the wireless telecoms infrastructure and related markets-focused, Filtronic (FTC) is “pleased to provide” a trading update for its year ended 31st May 2017 – and the shares has responded slightly higher towards 13p...

5 days ago | By Tom Winnifrith, The Sheriff of AIM |

Are we starting to see the revenge of the exploited AIM private investor? Or are they being double duped

Few, other than the clowns such as Marcus Stuttard at the LSE, can argue against AIM having delivered absolutely dreadful returns for investors. Since its launch the AIM Index is down by 5.4% (dividends included). The FTSE 100 has doubled over the same period and the FTSE Small Cap Index is 250% ahead. Actually the numbers are even worse. Strip out a handful of massive winners like ASOS and Domino's Pizza and the AIM Index is into double digit losses. But are private investors who have born the brunt of this wealth destruction now getting revenge with spate of attempted boardroom purges? Yes and No.

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5 days ago | By Steve Moore |

Flowgroup – from “actively pursuing” sale to that business being the “primary focus” of the company in just a few months

Flowgroup (FLOW) has updated following a “successful re-capitalisation of the company”. Hmmm – having commenced 2017 at comfortably above 8p and been above 3p prior to a financing announcement last month, the shares have this month fallen below 1p...

5 days ago | By Tom Winnifrith, The Sheriff of AIM |

Fusionex - last day to sell, Nomad quits, homophobic ADVFN moron J777J19 have fun!

As I had suggested might happen several times, Nomad Stifel has resigned the Fusionex (FXI) account. It could not wait for the AIM delisting on the 26th. Instead it gave notice after hours yesterday that it was quitting as Nomad and Broker with effect from 5PM today. Hooray.Game over.

10 hours ago | By ShareProphets |

The June edition of the UK Investor Magazine is live - 5 share Tips, voting guide, and where to emigrate if the wrong party wins

The June edition of the UK Investor Show Magazine is live featuring three resource shares to buy,  two more share tips, a voting guide for investors, and where to emigrate if the wrong party wins a special offer expiring on June 14 and much more.

 
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10 hours ago | By Darren Atwater |

New Bulletin Board Moron of the Week contest - sponsored by David Lenigas on steroids

The prize is a cheap one way flight to Mars organised by Elon Musk a promoter who makes David Lenigas seem bashful and understated. The challenge: We're looking for exemplary examples of sheer stupidity from those founts of brilliance; LSE.co.uk, III.co.uk and ADVFN.co.uk. The deadline to post your entries in the comments section below is midnight, Sunday 25 June.

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1 day ago | By Tom Winnifrith |

Tom Winnifrith - the shares that are my 18 holdings: the non dirty dozen and a half

Okay I do not own these shares personally. I case anyone is thinking of going for me in a libel case I own nothing but FIML, owned by my family trusts, has built from scratch a fairly sizeable portfolio of 18 stocks. For what it is worth here they are in descendeing order of current value.

1 day ago | By Cynical Bear |

Echo Energy: The “Cornerstone Investor” leaving so soon – surely not?

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.

1 day ago | By HotStockRockets |

Minoan share price weakness - panicking? No - Time to BUY

Shares in Minoan (MIN) were up a smidgeon Friday but have been heading the wrong way all week. At the time of writing they are 7.5p-8.5p - a spread wide enough to drive a bus through. Market makers really do take the piss on occasion if not most of the time. Anyhow is anything wrong? Let's deal with the various rumours sent to us by email.

11 hours ago | By Steve Moore & Tom Winnifrith |

Reach4Entertainment - Stoller resigned from board stays with Spotco - what next

We had heard that there were boardroom, er discussions, underway at Reach4 Entertaiment (R4E) and thus it is no great sutprise to see that David Stoller is to step down as Executive Chairman and as a director as of September 30.

1 day ago | By Cynical Bear |

Red Leopard Holdings: Congrats to Mr Akers – he could be an AIM millionaire (again)!

A couple of pieces this weekend on similar themes, namely insiders cashing in and unusual, or complete lack of, TR-1s. This first article looks at the astonishing amount of money seemingly made in no time at all by Chris Akers at Red Leopard Holdings (RLH).

1 day ago | By Malcolm Stacey |

Crazy Times Call for Sensible Precautions - Keep Your Selling Finger Poised.

Hello Share Pokers. If any more evidence was needed that we live in strange times it is this weekend’s news that the Bank of England was investigated by the Serious Fraud Office. I ask you!

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12 hours ago | By Tom Winnifrith, The Sheriff of AIM |

Tom Winnifrith: I lied to you - I have a 19th share, I'm 99.75% down in four months and over the moon

Yesterday I revealed to you the 18 shares I own and thanks for all the comments. For the avoidance of doubt that portfolio started at zero four and a bit years ago and we have more than trebled our money to date. It happens. But I lied to you, the portfolio is incomplete. I own two other shares. 

1 day ago | By Steve Moore |

Table of shorted AIM shares - week to 23/06/2017

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

1 day ago | By Tom Winnifrith |

Video: Bearish on markets, short term mega bearish on uranium - Rick Rule

In the latest video podcast from Palisade Capital, perhaps the world's best known resource fund manager, Rick Rule of Sprott, discusses the surprising lack of volatility in the markets and with the various worldwide challenges one would expect it to be much higher. He is not optimistic when one looks at the collective balance sheets of governments with their underfunded pension plans and is acting on the assumption that the markets will get more volatile.

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11 hours ago | By Steve Moore & Tom Winnifrith |

Petropavlovsk - the dodgy Russians win, Hambro et al out, what to do...

Rather as in the general election we found ourselves on the losing side at the Petropavlsovsk (POG) EGM. Peter Hambro and all bar two of the old board are out and nominees of the dodgy Russian shareholders are in. How should one view this?

1 day ago | By Steve Moore |

InterQuest – management-buyout attempted robber barons struggling on acceptances

The attempted robber barons of the InterQuest (ITQ) management buyout team (at Chisbridge Ltd) have made a “Level of Acceptances Update & Extension of Offer” announcement - and the independent director at InterQuest has responded…

11 hours ago | By HotStockRockets |

Falanx - very odd share price moves ahead of results date: upgrade of stance to BUY

Shares in Falanx (FLX) were almost 10p a month ago. The other day they were 6.25p to sell. What on earth happened? What fundamental event caused the company to lose more than a third of its value? Of course there was no such event. Price does not equal value.

11 hours ago | By Lucian Miers |

Bellzone Mining equity is all but worthless - do you know about the China crooks?

Bellzone Mining (BZM) was floated by Canaccord in 2010 (on April Fool’s day as it happens). It raised £30 million at 35p to fund the development of an iron ore project in Guinea, West Africa, the baby of Aussie entrepreneur Nikolajs Zuks, valuing the company at £184 million. Seven years on the company is still in the feasibility stage, having spent $336 million of shareholders’ money and, with the share count having more than tripled, the market cap is £33 million.

13 hours ago | By Darren Atwater |

Notes from Underground: On fire but not getting burnt

The standout story of the week is Tom Winnifrith - the shares that are my 18 holdings: the non dirty dozen and a half which not only takes the top spot, it only went up yesterday and easily blew past every other story as it was Tweeted and passed around the bulletin boards. It can be crazy when a story catches fire like that.

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