ShareProphets

Thursday 27 April 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


20 May 2016, 10:02 | By Tom Winnifrith |

Reader Poll: Drowning in Debt Oil mid caps - who will admit that it is toast next?

And so today, Circle Oil (COP) has admitted what anyone with half a brain cell could have figured, that it is officially toast. The question is which of the drowning in debt oil mid caps or large E&Ps will be next to fess up? There is an RNS from Gulf Keystone (GKP) today saying its bondhoders have given it another 11 days but could it be overtaken by XCite (XEL), whose shares are sliding as the clock ticks? Other oilcos in breach of loans include Trinity Exploration (TRIN) and LGO Energy (LGO) while the yield on IGAS debt suggests it is in the merde. So who will be next to admit it's toast, to use either the word "administration" or the phrase "little or no value for shareholders". Voting deadline is midnight tonight.

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20 May 2016, 09:30 | By Tom Winnifrith |

Circle Oil - it now admits it is toast and so is this the worst broker note in history?

Those dreaded phrases "strategic review" and "breach of banking covenant" should have warned you that Circle Oil (COP) was toast and I warned you often enough in bearcasts. But it today Circle has admitted that the game is up yet one broker does not get it and has published the worst note in history or at least since Cenkos & SP Angel told folks to reject the 3p bid for Petroceltic (PCI)

20 May 2016, 09:12 | By Nigel Somerville |

Goldenport – last chance for the bag of Walkers, it is shipwreck ahoy!

On 22 April 2016 fully listed Goldenport Holdings (GPRT) announced its intention to delist from the London Stock Exchange, stating that the last day of dealings was expected to be 23 May 2016 – Monday of next week. But, as discussed previously, following the disposal of its shipping fleet (in a series of related party deals, all approved by shareholders) it seems clear that there will be nothing left for shareholders at all. 

20 May 2016, 08:46 | By Steve Moore |

Portmeirion – shares down 9% despite AGM update including “we expect profit before tax to be in line”. Hmmm…

AIM-listed homewares group encompassing the Portmeirion, Spode, Royal Worcester and Pimpernel brands, Portmeirion (PMP) concludes an AGM update that “we expect profit before tax to be in line with market expectations for the full year”. The shares have though responded currently approaching 9% lower, at 1155p. Hmmm…

20 May 2016, 08:29 | By Tom Winnifrith |

Ryanair boss Michael O'Leary - what he really thinks of the EU

Though not actually British, Michael O'Leary, the Ryanair (RYA) boss, is now an official ambassador for Project Fear telling us all that we must vote to stay in the EU or else. But back in 2011 he went to Brussels to tell the truth about what he actually thought of the EU, a body he described on that day as "The Evil Empire". Here captured on camera is what the pompous little prick really thinks 

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20 May 2016, 08:26 | By Malcolm Stacey |

This Building Developer Does it Differently - and Might Be a Tasty Punt.

Hello Share Followers. You probably know that despite, some opposition from my colleagues, I favour buying shares in property development companies. This is the next best thing to buying property of your own. And given that demand is high and supply is short, I think bricks and mortars are still a good place to put your cash.

19 May 2016, 12:29 | By Tom Winnifrith |

Worthington - surely this means that it is game over. its death in Greenland

Shares in Worthington (WRN) have remaoined suspended for an eternity as we await details of an RTO by bankrupt Danish listed Nuna Minerals post its own refinancing by Green;land Mining, a company without a bank account. While we wait, Worthington has still not published its accounts for the year to September 30 2014 (not a typo). But now surely it is all over, the UKLA must simp;ly boot Worthington off the market ahead of its administration.

19 May 2016, 11:50 | By Steve Moore |

Imaginatik – shares on the rise despite admitted discounted fundraising discussions. Hmmm…

Having fallen back towards 3p following a couple of RNS announcements earlier this week, shares in Imaginatik (IMTK) are currently on the rise again. With this coming after the shares had slumped to sub 2p by the start of April before soaring beyond 5p by the commencement of May, the following reviews the goings-on here…

19 May 2016, 11:11 | By Tom Winnifrith |

Tom Winnifrith Bearcast - so what happened to Plethora?

I don't feel like writing today. This is what i want to be doing. But ahead of that I start by clarifying what I think of Matt Lofgran of Nostra Terra (NTOG). Then I look at what happened to Plethora (PLE) and that explains in part why shares in Port Erin (PEBI) have tanked. Then I touch on Thomas Cook (TCG) and prepare for ouzo o'clock when Environmental Recycling (ENRT) goes bust as I explained yesterday. Following that piece the shares are the biggest fallers today. Finally I have a warning for shareholders in African Potash (AFPO). Incoming! That is when I can be arsed.

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19 May 2016, 11:09 | By Graham Neary |

Newmark Security - Safe and Sound

Newmark Security (NWT) provided the market with a year-end trading update last night. This highly investable company didn’t disappoint, with plenty of colour around its plans for 2017.

19 May 2016, 10:44 | By Chris Bailey of Financial Orbit |

Turkey spotting at Thomas Cook

Bit of a Super Thursday in terms of the magnitude of results but the one that really caught my attention was Thomas Cook (TCG).  19%+ share price falls – at the time of writing - tend to do this.  Of course the reason for this plunge off the diving board is the profits woopsie slipped in a few paragraphs into today’s first half update.  And the reason?  In a word: ‘Turkey’. 

19 May 2016, 09:08 | By Tom Winnifrith |

Video: Jerry Randall of Venture Life at UK Investor Show

Venture Life (VLG) has a deal with Optibiotix (OPTI) so its management must be good chaps! Here is the head honcho in action at UK Investor Show. Enjoy.

19 May 2016, 09:05 | By Nigel Somerville, the Deputy Sheriff of AIM |

ValiRx – another CUL drawdown/conversion, but arghhh the numbers don’t add up

After-hours (natch) yesterday AIM-listed biotech ValiRx (VAL) released an RNS announcing the drawdown of the second £500,000 tranche (of up to eight) of its convertible death spiral funding package with Bracknor. We were also told that half of it had already been converted, with reference made to the terms set out in an RNS of 21 March 2016. But the numbers simply don’t add up – oh, and the company had now admitted that associated warrants will have to be approved by shareholders.

19 May 2016, 08:29 | By Tom Winnifrith |

Video: John Dawson of Alliance Pharma presents at UK Investor Show

Alliance Pharma (APH) has, relatively, recently completed a transformational acquisition. I know that Nigel Wray remains a big fan as does Mark Slater. Sensible value investors should thus find the presentation by John Dawson of interest

19 May 2016, 08:23 | By Tom Winnifrith |

Summit Corp - sorry when's the placing? Why are the shares sliding?

Biotech outfit Summitt (SUMM) may have some interesting IP but it is pretty early stage, years away from generating a cent in revenues, other than the odd grant, and it is munching up cash at an alarming rate. Results came out the other day for the year to January 31 2016 and they really do beg the question: when's the placing? Perhaps that is why the shares have slumped from c150p at the start of the year to just 112p today?
 

19 May 2016, 07:59 | By Steve Moore |

Ubisense – it’s so long, farewell, Auf Weidersehen, goodbye... to CEO Richard Green & his “performance payments”

Previously on Ubisense Group (UBI), I reviewed a November profit warning and noted an idea where the “further cost actions” can start – see HERE. That was with the shares then at 66p. With them now at 29p, an announcement from the company begins with “that it is to expand the remit of its chairman, Peter Harverson, to become executive chairman with immediate effect”. Hmmm, why’s that then?

19 May 2016, 07:54 | By Malcolm Stacey |

Dignity Shares May Fall, Thanks to Better Medical Care.

Hello Share Scrimpers. Being a sensible sort of chap I do not have any life insurance. There is no point in an investment in my death, as I will get no benefit from it. True, my family would, but who cares about that? But my death fascinates me a bit. As a Christian I expect to carry on regardless in another life, but that is a different consideration. I’m getting round to looking at investment in Dignity (DTY) a share I’ve avoided researching in the past, probably out of a fear of dying as I approach my three score years and ten.

18 May 2016, 15:56 | By Tom Winnifrith |

Tom Winnifrith Bearcast: 3 China frauds, Golden Saint scam and Jim Mellon's Port Erin

I start with more news on frigana cutting. I am a sweaty wreck after a day of mega slashing as I "take it out" on various folks in the City. Then I cover Asian Citrus (ACHL), Jiasen (JSI) and Taihua (TAIH) before I move onto Johnny Hon and R4E (R4E) then the scams and scum at Golden Saint Resources (GSR) - why won't PR fecking genius Steffi tell us about her shares? Then it is onto doomed Outsourcery (OUT) and then, as we expect more news tonight on Uramin, I ask a few questions about Port Erin (PEBI) another vehicle of my friend Jim Mellon. Oh and there is bad news for a company trying hard to bring jobs and wealth to the grim Northern welfare safaris, DX Group (DX). Moral of the story, let them rot, stick to doing business in the hard working South.

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18 May 2016, 15:43 | By Gary Newman |

Highlands Natural Resources is trading at around seven times NAV! Madness!

Highlands Natural Resources (HNR) has enjoyed a great run recently but now looks way over-priced to me and I would expect a return to reality in the near future.

18 May 2016, 14:33 | By Steve Moore |

Crossrider – a “vision” to power the next generation of digital advertising not going so well

“Since the last trading update… structural changes in the markets in which Crossrider (CROS) operates have negatively impacted on the outlook for future trading”. Uh oh…

9 hours ago | By ShareProphets |

The April edition of the UK Investor Magazine is live - UK Investor Show edition

The April edition of the UK Investor Show Magazine is live featuring Metal Tiger, BMR, Harley Investments, Action Hotels and much more.

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5 days ago | By Pizza Hardman Darren Atwater |

New Bulletin Board Moron of the Week Contest - sponsored by MoneySwap

This week's contest is graciously sponsored by MoneySwap, the Filthy Forty constituent that has this week requested to be dropped from the AIM market.

7 days ago | By Malcolm Stacey |

I'm Still Not Getting Busy with the Fizzy

Hello Share Tasters. In the past I’ve commended Britvic (BVIC) to your further study, though I don’t hold the shares myself. If I did, I might be tempted to sell. This is not because the shares are doing badly. They are not. Indeed, since January they are up by a fifth.

6 days ago | By Mr Karma |

City of London Markets, Milestone Group and the web of deceit

Readers will be aware of the aborted placing in Milestone Group (MSG) and the City bucket shop that is City of London Markets per HERE. What we can reveal is that the individual at the heart of the debacle is a gentleman by the name of Spencer Binks – a name in certain circles of the City that is described as “colourful”.

7 days ago | By Darren Atwater |

Video: Don Goulding, Executive Chairman of Distil, presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Don Goulding, Executive Chairman of Distil (DIS), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

7 days ago | By Darren Atwater |

Video: Colin Hutchinson, CEO of Ascent Resources, presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Colin Hutchinson, CEO of Ascent Resources (AST), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

7 days ago | By Darren Atwater |

Video: Michael de Villiers, Executive Chairman of Ariana Resources, presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Michael de Villiers, Executive Chairman of Ariana Resources (AAU), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

7 days ago | By Tom Winnifrith |

Mercantile Ports & Logistics - slam dunk sell (target 0p) as Nomad Cenkos (again) brings AIM into disrepute

Nomad Cenkos was repeatedly warned by myself and others about the fraud at Quindell (QPP). It banked fees of more than £12 million and did nothing to stop the wrongdoing. In doing so it brought AIM into massive disrepute. Now there is evidence that it is turning a blind eye to horrific red flags at Mercantile Ports & Logistics, which at 8.5p is capitalised at £32 million. My target price is 0p but what the hell is Cenkos playing at? I break my break to deal with the errant Nomad - I have a score to settle here since some of the money it raised for the Quenron fraud was used to harass me with fascist lawyers letters..

7 days ago | By Darren Atwater |

Caption Contest: Can you see the benefits? Vote Labour in the General Election?

The subjects of the Channel 4 Mancunian documentary Shameless are featured in this spoof Labour advertisement. can you offer a more suitable caption? Post your answers in the comments section below with a deadline of midnight tonight (Friday)

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7 days ago | By Cynical Bear |

Echo Energy – Bizarre funding arrangement, share price must drop, mustn’t it?

I’ve been scratching my head over the funding plans announced by the newly re-named Echo Energy (ECHO) earlier this week as there is an unusual aspect to it and can’t believe that the share price won’t drop in the short term as a result. Let me explain.

7 days ago | By Tom Winnifrith & Steve Moore |

Symphony Environmental - share tip further higher on Saudi Arabia developments

Shares in Symphony Environmental (SYM) were a 6.75p offer price, September 2013, addition to the Penny Shares portfolio of our Nifty Fifty website. We recently updated with them heading towards doubling…

6 days ago | By Malcolm Stacey |

Yes, Shares Are Expensive, But Perhaps Not as Pricey as They're Gonna Be

Everyone who attended this month’s UK Investor Show will be wondering whether to go into cash. Most analysts on the stage, as opposed to big cheeses supporting their own companies, were in a pessimistic mode. For example, that excellent commentator David Scott (Dr Doom) did a very scary presentation exclusively on the subject of forthcoming market disaster.

6 days ago | By Darren Atwater |

Video: Making money from gold and mining shares, a Main Stage discussion from UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Peter Hambro of Petropavlovsk (POG), Tony Manini of Asiamet Resources (ARS), Ross Norman of Sharps Pixley, Paul Atherley of Berkeley Energia (BKY), Dominic Frisby and Brian Kinane of Riverfort Global Capital discuss making money from gold and mining shares. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

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6 days ago | By Gary Newman |

Why the sudden interest in Infinity Energy?

There suddenly seems to be a lot of excitement all over twitter and the bulletin boards about a tiny AIM shell called Infinity Energy SA (INFT) – but of course that wouldn’t have anything at all to do with the recent placing and placees looking to offload for a quick profit!

6 days ago | By Steve Moore |

HaloSource – conditional bailout fundraising, kicks the can down the road (not very far!)

HaloSource (HALO) has announced “Board Changes” and that it “is pleased to confirm that the company has conditionally raised approximately £1.9 million ($2.3 million)”. I bet it is…

6 days ago | By ShareProphets |

Table of shorted AIM shares - week to 21/04/2017

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...

6 days ago | By Tom Winnifrith |

Mercantile Ports & Logistics - and a few more things about the shysters

I understand that just as I was publishing yesterday's bombshell on Mercantile Ports & Logistics (MPL) the company was having a phone conference call with the mugs who are invested in an attempt to drum up more support with promises of jam tomorrow. Sorry to rain on your parade chaps. Yesterday's expose should make any sane person run for the hills, but here are a few other matters to consider.

9 hours ago | By ShareProphets |

The April edition of the UK Investor Magazine is live - UK Investor Show edition

The April edition of the UK Investor Show Magazine is live featuring Metal Tiger, BMR, Harley Investments, Action Hotels and much more.

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9 hours ago | By Darren Atwater |

2 days ago | By HotStockRockets |

Optibiotix - 'news management', whatever - still a buy

The A-Grade A'holes at Walbrook PR who charge Optibiotix (OPTI) thousands of quid a month for "news management" probably thought putting out two announcements on one day was part of a clever strategy. Whatever. If Optibiotix wants to save a few quid we have a suggestion....

2 days ago | By Gary Newman |

Surprising lack of interest in Ariana

Given that the company is now producing gold, I’ve been somewhat surprised by the lacklustre response that the market has given Ariana Resources (AAU) since that news came.

15 hours ago | By Tom Winnifrith |

Cloudtag AGM: rats jump ship, Lyin' Amit lies again and no mention of (lack of) cash - what's not to like?

Fraud Cloudtag (CTAG) may have been booted off the AIM Casino but in the few months before insolvency the comedy continues. The company has held an AGM the highlight of which was news that the 2 NEDS Tony Reeves and Jerry Bereika have resigned. Lyin' Amit Ben Haim says that the a search for new directors with the requisite skills to match the Company’s future requirements is underway. Hmmm what would that skillset be?

2 days ago | By Darren Atwater |

Video: Mark Slater interviewed by Tom Winnifrith for the UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Tom Winnifrith interviews Mark Slater. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

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15 hours ago | By HotStockRockets |

Concepta Results - where are the China sales? Buy: fireworks ahead

Concepta (CPT) wants to know why its shares are nor racing away although having tipped this at an 11p offer we are, at 16.5p, well up.? Simple. It announced last autumn that it was about to sell its MyLotus kits in China and since then it has appointed a country manager and huffed and puffed but there are no sign of those sales. And against that background after calendar 2016 results the shares are just 16.5p mid. But before you sell hang on a second...the shares are actually a stonking buy if yoiu can get them at 16p or underand here is why.

15 hours ago | By Tom Winnifrith |

Oi Concha - Ve Interactive has gone bust where is the RNS?

Naughty naughty naughty. On Tuesday night Ve Interactive, the daft money guzzling new media start up into which Concha (CHA) unwisely invested on a £1 billion valuation went into administration and was at once bought ( one assumes for peanuts) by management and certain existing shareholders. Since Concha has not a lot of cash it is hard to see it being involved. But where is the statement? AIM Rules say something about timely disclosure yet we have had 24 hours with no RNS. Nope make that 36 hours...

2 days ago | By Darren Atwater |

New General Election Caption Content: Unerringly accurate photo

Caption this very accurate and not at all cropped photo of some nice Tories in the comments below. The deadline is midnight tonight.

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2 days ago | By Malcolm Stacey |

The Great Coffee Cup Outrage Could Be Cured by This British Firm

Hello Share Monkeys. Quite a few of my more moribund penny shares are in revival mode at the mo. Which is unusual. Because when the Footsie rises, investors are more likely to get income from more reliable outlets. Why risk the huge volatility of the cheaps when you can make money investing in companies with big cash piles and ever growing profits, i.e: most of the Footsie members?

2 days ago | By Tom Winnifrith |

Rosslyn Data - moves goalposts with bailout placing to hide its abject failure

Floated at 33p by Lagos Securities, or Cenkos as it prefers to be known, on the back of a prospectus that forgot to mention critical damaging information, Rosslyn Data (RDT) has been a serial disappointer and was clearly set to run out of cash this year, despite numerous protestations from its discredited management that this was not the case. And so today, the oldest trick in the book - a bailout placing dressed up as an acquisition. The price of the bailout, just 4.5p.

2 days ago | By ShareProphets |

Sprott - why gold is going to carry on heading higher

The world's best known resource investors Sprott  says that its  investment thesis for gold is significantly long-term in scope.It explains clearly why recent gains will continue and that means you all need an exposure to the yellow metal. Over to Sprott:

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13 hours ago | By HotStockRockets |

Kefi - another box ticked - all on track for construction 2017: Buy

Kefi Minerals (KEFI) has announced another box has been ticked as it moves towards constructing the Tulu Kapi gold mine in Ethiopia. It has finally agreed with the Government plans to resettle the folks who live around the mine away from operations. And with that done it states "The objective for the Government of Ethiopia and KEFI is for construction to commence in H2-17."

2 days ago | By HotStockRockets |

Collagen - positive trading update sparks shares

Collagen Solutions (COS) has announced growth “driven by an increase in the number of customers, higher volumes from key customers and an increase in new development agreements”, sparking the shares higher…

2 days ago | By HotStockRockets |

Amryt Pharma - EB trial update

Amryt Pharma (AMYT) has announced that the first patient has now been enrolled in its phase three trial of AP101, a potential treatment for the rare, genetic skin disorder, Epidermolysis Bullosa - a market worth £1 billion.

13 hours ago | By Steve Moore & Tom Winnifrith |

Petropavlovsk - 2016 results help shares higher: far more to go

London main-market listed, gold miner in Russia Petropavlovsk (POG) has announced results for the 2016 calendar year, emphasising a return to profitability and a refinancing of bank debt - enabling it not to have to divest part of the value in its core organic growth development project, the POX Hub…

13 hours ago | By Tom Winnifrith |

Zac "The Knife" Phillips goes for Green Dragon - warns equity may be worthless, calls for management change

We have long pointed out what a dog Green Dragon (GDG) is. Its failure to answer the questions in the bloody dossier HERE was the biggest red flag. Now the City's top oil analyst, Zac "the Knife" Phillips of SP Angel has gone on the attack, calling for regime change and warning that the company's assets could end up with its creditors, i.e. the equity could be worthless. The Knife writes: