Rick Rule started his career in the 1970’s bull market, which had a spectacular shift towards resources after a 50 year lull. He is preparing for what he believes may be the greatest shift in natural resource markets that he will witness for the rest of his career. He says that the next 5 years will be more generous for the junior resource space than most give credit for. The junior precious metals market is already up about 100% in a short period of time
In a wide ranging podcast I look at the bubbles in property and elsewhere and how we create bigger bubbles as we fix smaller ones. The day of reckoning can be postponed for only so long.
After 44 years of membership, at last one good thing has come out of the EU for Britain. God bless the Evil Empire. Premaitha (NIPT) has provided an update on its legal battles with US bully boys Illumina.
Yesterday, I explained why I think gold-bugs should pay closer attention to the pawnbroking sector, and mentioned that H&T Pawnbrokers (HAT) is currently more than 20% of my stock portfolio. Today, I’ll take a look at the trading update which H&T released on Thursday, and see if the investment case still stands up.
It seems that we at ShareProphets are not the only people concerned about the amount of fraud we see on the London markets – and, in particular, on AIM. We have seen the horror of the biggest stockmarket fraud for thirty years (Quindell, QPP – now Watchstone, WTC) unfold before our very eyes and yet as Tom Winnifrith doggedly banged on the doors of AIM Regulation and the FCA they did nothing and the frauds continued unchecked for far longer than they otherwise would.
Another week and yet another soft interview for Mark Gustafson, CEO, of Challenger Acquisitions (CHAL), this time at Sharepickers. Desperation is setting in as time is running out and the only buyer in any volume is no longer able to buy. It’s not looking good.
Oy vey. It's been a week since Tom has walked away from editing the site, and yet five out of the top-10 stories are Tom's Bearcasts. And he didn't even record them every day.
In this podcast I discuss pruning here in Bristol, an update on the Gooseberry crumble and then the lessons about how folks behave as investors or rather gamblers we can learn from the Worthington (WRN) fraud which must now be brown bread as explained HERE earlier today following news on Friday. That section also mentions Cloudtag (CTAG) and tech stocks. Then I look at commercial suicide, the curse of the tipster and Bluebird Merchant Ventures (BMV).
On Friday July 1 NunaMinerals was put into administration. I therefore suggested a day or two later, that the RTO whereby Nuna took over Main Market fraud Worthington (WRN) was off and that on Monday 4 July the UKLA would have to take action. Amazingly the chocolate teapots have done nothing. Truly these folk make the oxymorons at AIM Regulation look like a collection of Nobel prize winners. But it gets worse.
Often when you take a look at the assets of tiny companies which people are getting excited about, it is hard to see why anywhere near as much value is being attributed to them as there often is.
As Gulf Keystone (GKP) sputters toward its inevitable fate, the hunt is on to spot the next equity wipeout in this space. There are quite a few runners and riders. I mentioned Xcite (XEL) a while back and Premier Oil (PMO) is also in the frame. My nap however is Igas Plc (IGAS) as the next for the chop.
ShareProphets AIM-China Filthy Forty member LED International Holdings (LED) has been suspended from trading since 22 Dec 2015 – we are well into month seven of suspension, then. AIM Rule 41 says: “The Exchange will cancel the admission of AIM securities where these have been suspended from trading for six months”. Yet LED has still not been given the order of the boot by AIM Regulation. I dropped our friendly Oxymorons a line….
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of June (by net short position %) - and if the positions have increased (red), reduced (green) or remained unchanged (black) since last month...
Full disclosure: I am a gold-bug. I love gold. And I think the economic doom-mongers like Peter Schiff make fantastic arguments for a radically higher gold price. We are in uncharted monetary territory which threatens the fundamental integrity of our paper currencies. But I also know that investing on the basis of an impending apocalypse means betting on something that has never happened before. History tells us that stock markets and most of their constituents tend to survive wars, disasters, economic collapse, etc.
Tom Winnifrith has stuck the knife into AIM-listed Servision plc (SEV) more times than Avanti (AVN) has missed performance targets – see HERE. And so today we learn that the company has amended the terms of a financing package with YA II PN Ltd (otherwise known as Yorkville) which involved a loan agreement backed by a standby equity distribution agreement (SEDA) – for that, read “death spiral”. But the comedy is in the text of the RNS.
Hello Share Bouncers. I am now back at my desk following a very invasive operation the day before. However the team carrying it out was a modal of politeness, friendliness and efficiency. Would that some of Britain’s Chef execs were as useful. There’s a very competent management at the National Grid (NG.) too. But that’s not the big factor in the current ballooning share price. The value has shown a 14% rise since Brexit. A few days ago it was another 2% higher than that.
Having previously been positive on shares in IndigoVision Group (IND), I last concluded, with the shares then at 267.5p, that it was difficult to be particularly confident and that I’d look for safer value elsewhere (see HERE). I now update with the shares currently approaching 6% lower today, at 123.5p, on the back of a trading update for the first half of 2016…
I’ve said before that there are plenty of good statistical and theoretical reasons to buy into old companies. Churchill China (CHH) may be a record-breaker for longevity: it traces its origins back to 1795, as it proudly includes in its URL, churchill1795.com. But investors are kept well up-to-date, and today receive a trading update for the six months to the end of June.
Shares in Avanti Communications (AVN), once the darling of AIM, collapsed by 60% yesterday amid all sorts of horrors emerging. It is a big story and most papers are covering it, at least with a mention. But in the Daily Telegraph there is nothing ....except
If one takes a disclosable stake in a listed company you must notify the company within five working days and it must by the close of the next working day, notify the market. So we should be seeing a TR1 from Highlands Natural Resources (HNR) today then. If we do not then investors have been spoofed.
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.
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