ShareProphets

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


26 May 2017, 12:06 | By Steve Moore |

21st Century Technology – from “good” recent progress in December, to now-stated “poor” second half 2016 financial performance!

Fleet and passenger systems company 21st Century Technology (C21) has, tardily, announced results for the 2016 calendar year, though with CEO Russ Singleton emphasising “we made real strides last year with major framework renewals, organisational restructuring and innovative new sales”. Sounds promising. However...

26 May 2017, 09:20 | By Tom Winnifrith |

PCGE - valuation crackers

I am innundated with lunatics and spivs tweeting me that shares in PCG Entertainment (PCGE) are cheap. It is the ramp de jour among the Bulletin Board lunatics. But at 0.15p the valuation is bonkers. Let me explain.

26 May 2017, 09:15 | By Nigel Somerville |

Servision – great news for Cynical Bear’s Sub-Standard Shockers XI

You really do have to feel sorry for Cynical Bear. One minute he has a fully fit squad to choose from and then one by one they drop like flies, either with fitness issues or just simply keel over. I’d been getting a bit concerned that he’d struggle to put out a full team, but out of the blue there is good news for him. No need to turn to the back pages of the tabloid press for the big stories of sporting drama, we have it all here at ShareProphets: AIM-listed Servision (SEV) is to put in a transfer request. 

26 May 2017, 08:04 | By HotStockRockets |

Kefi Minerals - revised DFS published - look at NPV! BUY

Kefi Minerals (KEFI) has published a new DFS ( Definitive Feasibility Study) for the Tulu Kapi project - its first since 2015 and its last before it completes its financing needs and heads towards the construction of an open pit gold mine in Ethiopia.

26 May 2017, 08:04 | By Tom Winnifrith |

BREAKING: Shamed Ramper Roger Lawson "departs" ShareSoc after bust up with chairman

So why did disgraced Roger "Ramper" lawson finally leave ShareSoc? Oddly the campaigning group has yet to make a statement on the sudden departure of shamed Lawson. Was he caught using the ShareSoc twitter account to send vile messages to settle personal scores again? Was he caught ramping frauds and other shares in which he had undisclosed holdings again? Was he caught smearing fraud busters whose activities hurt his portfolio again? er ...no.

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26 May 2017, 08:04 | By Steve Moore |

Portmeirion Group – AGM update sounds encouraging, but how so is it really?

An “AGM Statement” announcement from Portmeirion Group (PMP) commences that total group sales are up 26% for the four months ended 30 April 2017 relative to the same period last year” and includes “pleasing performance of the company to April 2017”. Sounds encouraging…

26 May 2017, 08:02 | By HotStockRockets |

Amryt - Very Upbeat AGM - upgrade ahead??

Amryt Pharma (AMYT) held its AGM yesterday and the statement seems to hint that forecasts are going to have to be raised. It is a very bullish statement indeed. The company states:

26 May 2017, 08:01 | By Malcolm Stacey |

Biffa Is not For Bears and Shareholders Could Have a Beano

Hello Share Swillers. Apparently we all like the idea of our waste not being wasted. Most of us religiously sort our recyclable rubbish from the non-recyclable into the correct bags and containers. And it’s this liking for not wasting our waste which a company called Biffa (BIFF) thrives upon.

25 May 2017, 15:42 | By Steve Moore |

Proxama – not just “New Contracts”, but new “revenue generating contracts”. Ooooh…

Having recently concluded on Proxama (PROX), the explicit inclusion of “should it require further working capital” suggests to me it very much will, I note an announcement today that the company “is pleased to announce four revenue generating contracts for its Proximity Marketing and Data Division”“Revenue generating” rather than any useful financial information hey? And an ‘RNS Reach’ (i.e. not regulatorily significant) announcement hey? Ramptastic!...

25 May 2017, 15:26 | By Tom Winnifrith & Steve Moore |

Sanderson Group – interim results and management chat

November 72p offer price share tip, Sanderson Group (SND) has announced results for its half year ended 31st March 2017 and that it has “a good level of confidence that the group will continue to make further progress and deliver trading results in line with market expectations for the current year”.

25 May 2017, 12:16 | By Tom Winnifrith |

Arian Silver: Pump & Dump, Mislead Investors, Executive Greed - why do I bother?

A chap for whom I have some time some of the time asked me why bother sticking it to Arian Silver (AGQ), a worthless piece of crap on AIM. Will it make any difference to the charade, to the game which sees userless tossers like Arian's CEO Jim Williams get ever richer, crony capitalists earn fat fees and investors get buggered again and again and again. No. My writings won't change that. And the chap is right in that it will just make a few more pathetic wretches who would rather lose money than accept the truth hate me. Yup. He is right. 

25 May 2017, 12:16 | By Steve Moore |

Petrofac – shares crash further on update on SFO investigation

An “Update on Serious Fraud Office Investigation and Board Change” announcement from Petrofac (PFC) sees the shares currently crashing further in response...

25 May 2017, 10:00 | By Tom Winnifrith |

Waseem Shakoor explains all to Frontera owning morons once again...

The great bear raider Wassem Shakoor has termed Frontera (FRR) as one of the three most overvalued bits of crap on AIM. Another is MySquar (MYSQ) where Lucian Miers has just published a devestating expose HERE. Back to Frontera where Waseem has stuck it to the Bulletin Board Morons today. He writes:

25 May 2017, 09:52 | By Nigel Somerville |

Cloudbuy – last chance saloon as final tranche of funding is drawn, and a partial truth

Sadly it looks as though AIM-listed Cloudbuy is entering the final chapter of its life as the last tranche of funding from white knight investor Roberto Sella has been drawn. The implied cash-burn suggests that in the absence of big-time delivery of revenues (something oft-promised, but never delivered so far) a crunch looms.

25 May 2017, 08:56 | By Nigel Somerville, the Deputy Sheriff of AIM |

SCANDAL: Redx Pharma – goes tits up & blames thieving scousers, just 3 months after raising £12m

It seems to be perfectly acceptable for companies on the Casino to complete fundraisings inadequate to see them solvent. Yesterday at 4.22pm shares in AIM-listed Redx Pharma (REDX) were suspended “pending an announcement” by AIM Regulation (the RNS following at 4.35pm – bit of a rush there fellas?) At no-one-is-watching o’clock (6.35pm: after-after-hours) the company announced that administrators had been appointed - just 3 months after the company had apparently raised £12 million in a placing and open offer. Coke and hookers all round for the Nomad and Brokers concerned. Stale bread and water for those sold this particular pup.

25 May 2017, 08:05 | By HotStockRockets |

1Spatial – disappointing results (as expected), but more recent trading encourages: BUY

Results announced by 1Spatial (SPA) for its year ended 31st January 2017 are disappointing – though we previously stated they would be and note new management’s current year objective “to ensure that we generate cash and profitable adjusted EBITDA, as well as follow through on key strategic initiatives… Early trading in Q1 2018 has been strong”.

25 May 2017, 08:05 | By Steve Moore |

Tungsten Corp – CEO Hurwitz claims “remarkable headway in fiscal '17”, so why are the shares lower?

“Pre-close FY17 Trading Update” announcement from Tungsten Corp (TUNG) sees CEO Rick Hurwitz claiming “Tungsten made remarkable headway in fiscal '17”. With the shares responding, er, more than 3% lower to 66.25p, the following reviews...

25 May 2017, 08:03 | By Malcolm Stacey |

There's Value in Valves, as This Vital Venture's Shares Re-Vitalise

Hello Share Ticklers. The old memory doesn’t get any better as I motor towards the end of life’s great highway, but I don’t think I've looked at IMI (IMI) here before.

24 May 2017, 15:54 | By Steve Moore |

PhotonStar LED – results see CEO McKenzie claim “steady progress”, so why are the shares a further more than 7% lower?

PhotonStar LED Group (PSL) CEO James McKenzie commences his comments on 2016 in the company’s results announcement that “steady progress was made in transitioning the group into becoming a retrofit connected lighting and building management business. We have installed a number of trials in a variety of sectors”. Sounds promising, so why are the shares currently 7.5% lower, at 1.85p, on the back of the announcement?...

24 May 2017, 14:38 | By Tom Winnifrith |

Take part in an up to £29m fund raise by FlowGroup via Primary Bid: Deadline 9 PM today!

This is a major fund raise by FlowGroup (FLOW). It has most of it in the bag and will raise up to £29 million. This is institutional territory but it is - very decently - letting in Private Punters via PrimaryBid with an offer announced at 5.12 PM today and which closes at 9 PM tonight.  The up to £4 million being raised is being done at 1p - the shares closed at 1.1p-1.15p. But this is not a party for spivs and flippers this is a proper City fundraise which FOR ONCE you can take part in - but hurry, the deadline is 9PM TONIGHT SIGN UP NOW HERE

16 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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7 days ago | By Darren Atwater |

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

We're looking for exemplary examples of sheer stupidity from those founts of brilliance; LSE.co.uk, III.co.uk and ADVFN.co.uk. Perhaps if they need a guiding light they might care to look at life inside the basket case that is Jim Mellon's Diabetic Boot Company, as sponsored by most of the other AIM companies Jim runs as Cynical Bear pointed out HERE.  The deadline to post your entries in the comments section below is midnight, Sunday 18 June.

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

Magnolia Petroleum Part 1:-Back Zac "The Knife" Phillips and Sack Rita Whittingham

And so the battle lines are drawn at Magnolia Petroleum (MAGP), the dash guzzling worthless AIM POS founded by Gavin Burnell of Globo infamy. On the one hand there is an overpaid incumbent board led by less than lovely Rita Whittingham and backed by an overpaid army of crony capitalist advisers. On the other side are Even Ainsworth from Nostra Terra (NTOG) and Zac "The Knife" Philips, the City's top oil analyst. Magnolia has accepted that a GM request to outs less than lovely Rita and appoint Ainsorth and The Knife is valid. So what is the voting maths?

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

7 days ago | By Cynical Bear |

Tesla Motors – Is it a FANTA stock or is Elon Musk just David Lenigas on steroids?

I was going to have my usual weekend dig at one of the many over-promoted pieces of crap on the lower reaches of AIM but thought instead I should lift up my head and look further afield and take a pop at most over-promoted stock in the global markets with a proper superhero at the helm, namely Tesla Motors (NSDQ: TSLA) and the irrepressible Elon Musk.

7 days ago | By Steve Moore & Tom Winnifrith |

Norcros – results good and remains confident: BUY

Bathroom and household equipment and accessories group Norcros (NXR) has announced results for its year ended 31st March 2017 and that “the board remains confident that the group should continue to make further progress for the year ending 31 March 2018”.

7 days ago | By Bearded Marxist Darren Atwater |

Notes from Underground: Um, go Quindell?

Ha ha. We've been waiting for this for weeks, but now Slater & Gordon (who were given all the relevent ShareProphets articles when there was still time to back out) has actually filed suit against Watchstone, nee Quindell, claiming breach of warranty and/or fraudulent misrepresentation for a total amount of up to £637 million plus interest. It almost makes one want to root for Quindell this time.

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

Magnolia Petroleum - why Rita Whittingham must be fired Part 3 - duping mug punters

Earlier today i showed how Magnolia Petroleum (MAGP) has become a gravy train not just for CEO, not so lovely Rita Whittingham, but for her extended family as well. But when the operations are not generating cash how to fund the gravy train? Shimples: pump the stock with misleading RNS statements and do a discounted placing. Rinse and repeat. Want an example (for there are many)? Here goes.

7 days ago | By Nigel Somerville, the Deputy Sheriff of AIM |

Stuttard’s Septic Seven – June Update: and then there were just three

It is five weeks since our last update on the portfolio of seven AIM stocks selected for Marcus Stuttard, the sham sheriff of AIM, to put his money into to show his faith in the system of regulation last September. As you will recall, these were all companies which we had Red Flagged but about which AIM Regulation had done nothing. Last month the losses were 61.7% in about 8 months.

7 days ago | By HotStockRockets |

Optibiotix - 3 year supply agreement a first part of being the new ARM: BUY

On 25 April this year Optibiotix (OPTI) announced it had delivered a small sale of 100,000 units of its LPDL capsule to Germany's HLH BioPharma Vertriebs GmbH. That must have gone well as we are today told that Optibiotix has signed a three year deal that grants HLH a non-exclusive license to produce, package and commercialise products containing OptiBiotix's cholesterol reducing LPLDL® strain.

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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16 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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16 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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15 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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16 hours 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.

16 hours 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 Tom Winnifrith, The Sheriff of AIM |

Another crony capitalist awards dinner and the ShareProphets team AGAIN trounced by clowns like Lagos Securities

In case you missed it, last night was the The fifth annual Small Cap Awards' black tie gala in London. The crony capitalists from across the Square Mile gathered to say how well they had done being paid vast amounts to stuff dumb fuck investors into shite stocks, before the spivs departed for some late night celebratory coke and hookers. And boy were the crony capitalists doing well. Let's start with the winners:

16 hours 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.

2 days ago | By Tom Winnifrith |

For the Record No 2: Nomad Cenkos again put on record about RNS lies by client Mercantile Ports & Logistics

When AIM listed Mercantile Ports & Logistics (MPL) disappears up in smoke having sent tens of millions of UK Investor cash to money heaven, the stink will force Nomad Cenkos to show that it acted in a way that did not bring the Casino into disrepute, as it did when it allowed Quindell to commit wholesale fraud. Thus one shareholder, a veteran of the ports and logistics industry, is putting Cenkos on record now so that it can have no excuse at the death. letter one HERE raised clear questions of fraud. Now the shareholder has followed up with a second letter to the head of corporate governance at Lagos Securities, Amber Wood, cc'ing in Redleaf, the PR to Mercantile as well as Quindell at the height of that fraud.

16 hours 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).

2 days ago | By Darren Atwater |

Winner of the Little Steve Sanderson of UK Oil & Gas in action on the Weald Basin caption contest

There were some good entries for this edition of the caption contest, and it was a photo finish for the winner of captioning this photo of  little Steve Sanderson of UK Oil & Gas (UKOG), playing host to anyone who was interested at the company's site at Broadford Bridge on the Weald Basin. 

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

Blur - no improvement in trade, admits could be bust in 3 weeks, A Grade corporate horse spouting

It walks the walk and talks the talk when it comes to spouting A grade corporate horse. And so another day comes with another trading statement from the shamed and hapless Phil Letts and his worthless Blur Group (BLUR). There are KPIs aplenty and stacks of words about new business initiatives. Yadda, yadda, yadda. The main point is the admission that could be bust within three weeks. TOLD Y'ALL!

16 hours 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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16 hours 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 Lucian Miers |

Sell the Ocado Rally at 300p

Until recently the stock market has been very kind to Ocado (OCDO), with the shares in May rising from 250p to nearly 320p valuing the enterprise at north of £2 billion. The company has though never remotely justified its market cap on fundamentals and has therefore needed to tease investors with hints of a huge, game-changing, deal.

2 days ago | By Steve Moore |

Imagination Technologies – shares jump on commencement of formal sale process, though “remains in dispute with Apple”

Shares in Imagination Technologies (IMG) have currently recovered more than 17%, to 145p, on the back of a “Commencement of formal sale process” announcement…

2 days ago | By Malcolm Stacey |

Mitie Is No Mouse at Cost Cutting and Finding New Customers

Hello Share Seekers. Times have not been pucker for firms which claw a lot of business from local councils and other organisations. Government cuts have caused so many local authorities to cut back on their awards of business to outside contractors. Mitie (MTO) is one such firm.

2 days ago | By Steve Moore |

The People's Operator – “Make a call, make a change”… shareholders make a loss…

“The People's Operator (TPOP), the cause-based commercial mobile virtual network operator, is pleased to announce its full year results for the period ended 31 December 2016”. Hmmm, these being announced approaching six months after the year-end – rarely a good sign…

16 hours 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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