Having pissed on private investors (followed a results statement noting “a position of strength” and “great confidence” and the announcement of a “Significant Contract Win” with a discounted fundraising), Lombard Risk Management (LRM) has further updated...
With the Euros coming to a close, it’s appropriate to assess the performance of the Sub-Standard Shockers XI over the last month or so. Well, you know it hasn’t gone well when the best performers are those that have been in suspension for the period.
As predicted HERE ShareProphets AIM-China Filthy Forty play Eastbridge Investments (EBIV) had its one-way trip to the AIM execution chamber last night. It becomes the twenty-first AIM Casino departure on the Filthy Forty. There are more to come, it is just a matter of time.
Oh dear, this is the end for you my friend....Avanti Communications (AVN) has announced a "strategic review". In other words it has admitted that it s well and truly fecked. Shareholders should, whatever the weasel words of the RNS, prepare for wipeout. This is - as we pointed out in a 25 minute presentation at UK Investor Show, a zero. The statement is typical King of the Bombast David Williams horseshit.
There were thirteen entries in the final Malcolm Stacey caption contest as you can see HERE. Thankfully Getafix is back from his time with the Quacks and normal service has now resumed. The winning caption for the picture of the nice young lady below came from Backwoodsman and is:
This is so shoddy. As I have pointed out on a number of occasions, Cloudtag (CTAG) has negative net current assets and is burning cash. Hitherto it has managed to persuade mug punters to buy into placings done at a premium to the prevailing share price on the basis that there was lots of jam tomorrow.
Hello Share Scrummers. In my humble opinion, British banks are among the biggest bargains in Shareland at the mo. Though I was in two minds about foisting this opinion on you, as banks have a marvellous talent for letting us down. They’ve been doing that steadily since the big crashes of 2007 and 8. But I really do think the shares have been oversold since the result of the Brexit vote. They fell a heck of a lot. Without their failure, the Footsie which eventually rocketed on the decision to leave the EU, would have been near the elusive 7000 level by now.
In a final two-fingered salute to the Casino, Cyril D’Silva has informed AIM-listed POS Golden Saint Resources (GSR) that he is off to spend more time with his classic cars, and detailed some share transactions incredibly late: so long, and thanks for all the cash...
Carbon ceramic brake discs company, Surface Transforms (SCE), has announced a “Pre-Production Technology Development Agreement”, including “expected annualised revenues after start of production reaching approximately £10m-£12m on mature volumes”. The shares are currently up approaching 9%, to 18.75p, in response. Hmmm – let’s take a look…
Once again the angry young man of the world orf oil analysis, Mr Zac Phillips has plunged his pen straight into the back of the management of a listed company. This time it is Aminex (AEX) which gets it with both barrels from Zac. He writes:
Shares in Swallowfield have bounced more than 5% today after a positive trading update which suggests that profitability will be “towards the upper end of expectations”. This looks like another high-quality AIM stock which doesn't get the attention it deserves.
Jam tomorrow producer Bango (BGO) has served up a ramptastic trading statement which distinguishes itself by missing out all of the metrics a sane investor would want to know about. Lads, Ronan understands.
Having been rising nicely from a start-of-the-year sub 3p, this recent trend in the shares of Goldplat (GDP) has been de-railed somewhat currently today on the back of an announcement which includes that “the company is not yet in a position to advise whether its annual results for the year ended 30 June 2016 will be in line with market expectations”. Hmmm…
You have to admit it is really quite amazing. Two weeks ago, Central Bankers and leading politicians were exclaiming that if Britain left the E.U. it would be a catastrophic economic event on the magnitude of a “Lehman “moment. However, despite all of the talk of gloom if you had been asleep over the last month you wouldn’t know something had happened, other than sterling collapsing.
A few words on logistics then after today's debacle at Highlands Natural Resources (HNR) I explain why the shares are worth just 3p (or less). Then it is onto PCG Entertainment (PGCE), Jiasen (JSI), Belfort Securities and its morality vacuum, Tungsten (TUNG), Onzima (ONZ), IGAS (IGAS) and Solo (SOLO). Finally, more than a few words about Advanced Oncotherapy (AVO)
Tom Winnifrith has already quite correctly berated the Sunday Telegraph for its piece yesterday on the ongoing travails of AIM-listed Igas Energy (IGAS) and its little debt problem. The sense of desperation which saw this piece of abject puffery in a national newspaper is apparent to anyone who looks at the balance sheet, or read the comments from the company about its expected bond covenant default in the second half of this year (ie any time now). But the article reads like a dodgy RNS aimed at getting the bulletin board morons to pile in while the crony capitalists get out.
A month ago Highlands Natural Resources (HNR) announced that it had sold some assets it had bought days previously for $91,000 for £4 million in shares in fellow standard list dog Opera (OPRA) as well as £240,000 in cash. Today that joke deal has collapsed leaving Opera desperately seeking another acquisition and with its credibility in tatters and Highlands needing to explain the lies it has told.
Hello Share Smashers. I sold my long-held shares in IndigoVision (IND) a couple of years ago. They’d made a big profit for me. So why did I sell?
Having exposed the appalling goings on at the Daily Telegraph with regards to going bust Avanti Communications (AVN) last week, now it is the turn of the sister paper the Sunday Telegraph which on its from page today has a quite shocking piece on IGAS. This might as well have been dictated by the PR flunky it is so jaw droppingly bad.
Another bust company becomes a healthcare player thanks to an Adam Reynolds RTO. Let us hope that Frontier Resources (FRI) becomes another Optibiotix (OPTI). The reversal is of a company called Concepta Diagnostics Ltd into Frontier and the PLC will change its name to Concepta.
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.
Queenie smears journalists and spins for all the worst companies on the casino from fraudsters Eden to Advanced Oncotherapy to Norfolk's finest Fusionex. He truly is a posterboy for AIM and thus a fitting sponsor for this week's contest. The challenge: We're looking for exemplary examples of sheer stupidity from those founts of brilliance; the Bulletin Board Morons who dwell on the cesspits that are LSE.co.uk, III.co.uk and ADVFN.co.uk. The deadline to post your entries in the comments section below is midnight, Sunday 2 July.
Slater & Gordon (SGH) spunked £649 million on buying the worthless, fraudulent assets of Quindell (QPP) in 2015, a deal that has seen its shareholders suffer a 99% wipeout. It has now filed a UK High Court claim against Watchstone (WTG), Quenron as was for £637 million and we have obtained the papers and, in a major scoop, publish the Claim in full below.
I tipped shares in Saffron Energy (SRON) but urged folks to take profits some months ago. The shares were then 8p+ having listed at 5p. In recent weeks the shares have slithered back towards that 5p and I have been urged by folks to re-tip. I resisted that urge. Something was wrong. Now we all know what some folks have clearly known for a while, what the problem is.
It typically takes about a 5% cut in US interest rates to fight bad US recessions and it was even worse after the Lehman crash in 2008. The Fed ran out of ammunition after 4.75% points and had to flood the system with liquidity by printing money. The total was, in artificial terms, the same as an 8.5% cut in rates. Currently the Fed has just 1% of cuts to play with in a crisis and in addition more QE is looking unlikely with both a growing electoral backlash and the fact that the two new Fed members suggested by the Trump administration, Randal Quarles and Marvin Goodfriend, are both staunch conservatives and very hostile to QE. This means the Fed may have to fight the next downturn with little in its arsenal.
It is good to see a CEO putting his money where his mouth is and the share purchase by Erik Henau should also scotch the silly rumours that a placing is imminent. The Concepta (CPT) head honcho has purchased 80,000 shares at 12.175p. He now owns 293,333 shares so in that context this is a decent purchase. We'd hope to see more boardroom buying soon but expect also to see more hard news on order flow very soon.
AIM-listed Advanced Oncotherapy (AVO) has released its full Annual Report. Having looked yesterday at a few things I thought it would be worth a second look – especially in the light of a clean audit report from RPG Crouch Chapman. Mea culpa to myself and Tom who expected something different, but hang on a minute…
I warned you in explicit terms yesterday that the doubling of the Strat Aero (AERO) share price to 0.14p on the back of results which can best be described as a shit sandwich with dollops of jam tomorrow on top, was not justified. The shares have now slumped back to 0.09p-0.11p (TW 7, BBMs 0 once again) but do not BUY now for there are still deluded fools abroad.
You may know Tom Winnifrith as the man who exposes fraud on AIM and gets a stack of death threats and lawyers letters for his troubles. Just on Tuesday he has published a massive exclusive on Quindell, the biggest London stockmarket fraud for 30 years, and a con the regulators thanked him for exposing. That breaking news is HERE.
Another day and another director walks, a new strategy is adopted and yet more confetti is issued by AIM casino uber dog Mayan Energy (MYN), formally the hound known as Northcote Energy. But this latest move just makes no sense at all. Let me explain with a little bit of help from a friend....
Shares in Strat Aero (AERO) have almost doubled today to 0.14p which amazing as the final results for calendar 2016 are out and are utterly crap. Okay they are less crap than 2015 but they are crap and indicate that the company must be as near as damn it, bust. Yes we are promised more jam tomorrow but before we get there surely it is placing ahoy?
Shares in ‘big data’ company WANdisco (WAND) are continuing a recovery on the latest news of an agreement with Silicon Valley Bank.
Worthless AIM listed piece of excrement Servision (SEV) always seems to report its results at the last possible moment to avoid suspension on the casino. In 2016 calendar 2015 numbers (piss poor) arrived on the 30 June deadline day. For 2016 its a slam dunk bet that the numbers (piss poor) will arrive this Friday on deadline day. Why is that?
I see shares in Blur (BLUR) are tanking again. Quelle suprise - given that it could be tits up time in three weeks. Anyhow for Phil Letts and his fellow grossly overpaid director his Mrs a song to brighten up the day. Natch as I think happily to a concert way back then in a summer's evening in Mile End Park, it's by Blur... To The End!
Hello Share Buglers. If you have cats like me, or dogs, you’ll be painfully aware of how much vets charge these days. I’m sure they need years of training and the drugs they use don’t get any cheaper, but the price I pay for two daily tablets to keep my cat’s thyroid problem at bay is rather unnerving.
It has taken more than two decades and exposed the Greek planning system for the total joke that it is but Minoan (MIN) now has the all clear to go ahead and develop the spectacular Cave Sidero site in North East Crete.
A “Holding(s) in Company” announcement in Blur Group (BLUR) of a transaction on Friday – the day in which at 7am it released an “Update on financing, business plan and trading”…
Together Robert Sutherland Smith and Tom Winnifrith have now been working in finance for 71 years - the last ten or so together. Tom wishes to stress that RSS accounts for most of that, the great value investor starting his City career at the Unilever Pension Fund the year before Tom was born. In this book they outline 71 tricks of the trade for making money from shares.
Get the first ShareProphets Pocket Guide ebook, EIS - Buying shares with numerous tax breaks. Want to cut your income tax bill, get loss relief if your AIM listed shares go down, pay no CGT, avoid IHT - EIS could be the way and this book explains how.
Most investment books seem to be large enough to keep the front door open and while some contain gems it is hard to find them amid the verbiage. The aim here is to produce a short guide which simply cuts to the chase. I hope that it will provide food for thought for everyone from beginner to expert but whoever you are it should be quick and easy to read and digest.
Search ShareProphets |
Stock market news |
Recent Comments |