ShareProphets

Wednesday 28 June 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


7 July 2016, 08:01 | By Steve Moore |

Brammer – having been in post for 18 years, CEO doesn’t last long after recent profit & debt warning

Having announced “unchanged” expectations at its 13th May AGM, Brammer (BRAM), which describes itself as “Europe's leading distributor of quality industrial maintenance, repair and overhaul products, informed on 29th June of a “reduced level of profitability”, seeing that “the group will be close to its net debt/EBITDA bank covenant at the period end”. Now it’s “Directorate Change” ahoy! …

7 July 2016, 08:00 | By Malcolm Stacey |

Wales v. Portugal, a Flight of Frustration and a Quantum Cat

Hello Share Mates. My flight was about two hours late getting into Cardiff Airport after my trip to Munich. Then the plane was held for about another hour because all the lights had gone out in the terminal due to a massive power cut. So I missed the big match between Wales, where I live, and Portugal where I don't. Consequently I'm penning this in the early hours of the morning. Worse still, in a few hours' time, I will be under the surgeon's knife.

6 July 2016, 15:02 | By Graham Neary |

Newmark Security - Not so safe after all. A mea culpa

Steve Moore has already ably covered the Newmark Security (NWT) profit warning this morning, which see the shares marked down to 1.75p and makes my Buy rating as published here in May look rather foolish. Indulge me and I’ll see if I can offer some insights as to what investors ought to think about.

6 July 2016, 14:17 | By Tom Winnifrith, The Sheriff of AIM |

Mkango Resources - spending Chris Oil's criminal cash on netball in boNGO boNGO land, CSR rubbish

Worthless AIM and TSX listed Mkango Resources (MKA) has today issued a statement saying that it is analysing some data it had already told us that it had acquired. So in fact it is telling us nothing new at all. But it gets better. It then gives details of its "Corporate & Social Responsibility programme." Jeepers. This will make you cry.

6 July 2016, 14:05 | By Steve Moore |

Vislink – strangely timed “Trading Update” = ‘material’ profit warning & worse still…

A strangely timed (8:01am) “Trading Update” from technology group “specialising in solutions for the capture, management and delivery of high quality video for the broadcast and surveillance and public safety markets”, Vislink (VLK). Hmmm…

6 July 2016, 14:02 | By Tom Winnifrith |

Tom Winnifrith Bearcast - I am terribly sorry Mr Moron but it will not be different this time

Thanks for the messages about the family issues - hence the lack of bearcast yesterday. There will be other days like that in the next few weeks. I start with a look at Vislink (VLK) where I imagine no-one has any sympathy for the greedy bastards in charge. Then I try to explain why it is never "different this time" as I look at three bubbles bursting: tech, commercial and residential property and I discuss Cloudtag (CTAG) in the midst of that.

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6 July 2016, 13:29 | By HotStockRockets |

Optibiotix: it Might be what the doctor ordered but not what the patient (investor) wanted

Optibiotix (OPTI) has this week served up news which should help make we shareholders richer in the medium term. But it is NOT the news punters wanted and the shares trade at 79p-80p.

6 July 2016, 12:22 | By Tom Winnifrith, The Sheriff of AIM |

Cloudtag - Option spoof and Bulletin Board Morons Fail to understand basic maths

The sort of folk who not only believe every word that the war criminals Blair and Straw say about Iraq but are also lobbying the BBC to have Chris Evans appointed as the new presenter of Top Gear, are heavily concentrated on the shareholder list at Cloudtag (CTAG), an AIM listed company that is almost insolvent and whose valuation is a joke. Its shareholders are possibly the stupidest folks I have encountered on twitter with the possible exception of the England soccer team.

6 July 2016, 11:31 | By Tom Winnifrith, The Sheriff of AIM |

Nyota: Corporate Update does not tell the most important fact - what is Fatty playing at?

The new board at Nyota Minerals (NYO) has published a corporate update which is dire as far as it goes but the most important fact, the one that really matters, is missing. That is to say, Nyota does not say just how little cash is left. Was this an accidental oversight by dozy Nomad Roland "Fatty" Cornish or was Nyota just afraid that the truth would prompt another sell off of the shares? Its too late to find out for today as it is just past eleven to Fatty is right now waddling off to start his four course luncheon.

6 July 2016, 11:02 | By Steve Moore |

Newmark Security – from “look(ing) forward to updating the market further” to profit “significantly less” in less than 2 months

Having on 18th May been “pleased to provide” a trading update, “delighted to announce several new client wins” and “look(ing) forward to updating the market further at the time of the group's full year results”, security systems provider Newmark (NWT) today just “provides” a trading update. Uh oh…

6 July 2016, 10:33 | By Tom Winnifrith, The Sheriff of AIM |

Andalas - Spoof y'all: whens the next bailout placing?

Dave "Rule breaker" Whitby and his colleagues at AIM Listed Piece of Turkish Andalas Energy (ADL) are on the spoof again with a ramptastic RNS saying nothing at all of of any interest whatsoever. Folks know Whitby's game and the shares are off at just 0.165p because what is really happening is the start of the ramping that proceeds a deeply discounted placing. Next up a soft interview with Zak "Judas" Mir, a podcast with Justin the clown or a presentation at a Proactive seminar? Perhaps a buy note from Edison? We have seen the Andalas ramp before and surely no-one is stupid enough to buy it again?

6 July 2016, 09:23 | By Gary Newman |

Fresnillo has got ahead of itself - time to bank profits

When you invest and trade based on value as you see it at the time, that can quickly change, and even with companies that you have a lot of faith in there can come a time when they can start to look expensive.

6 July 2016, 08:20 | By Tom Winnifrith |

Malcolm Stacey on Holiday Day 7 caption Contest & day 6 winner

There were a massive 28 entries for yesterday's Getafix caption contest! I cannot think what aroused such interest but perhaps you might get an idea HERE. Anyway there is a joint winner and today Malcolm has sent us yet another selfie from his hols...do your worst in the comments section below with a suitable caption. Now to yesterday's caption for the photo of Malcolm with the stunning partially clad young lady.

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5 July 2016, 16:55 | By Tom Winnifrith & Steve Moore |

K3 Business Technology - cute acquisition, hang on…

K3 Business Technology (KBT) has announced an initial £1.27 million and up to £1.45 million acquisition of Merac Ltd, a provider of an electronic point-of-sale and management system for the visitor attractions and leisure sector…

5 July 2016, 16:35 | By Steve Moore |

Forterra – from anticipating “a shortfall in brick supply” to plant mothball proposals in less than 3 months

Having IPO’d in April, brick and other masonry products producer, Forterra (FORT) has updated that “profit for the first half is in line with management's expectations”, but that “given current economic uncertainty and sufficient brick inventory levels, the board has reviewed the current production plan...”

5 July 2016, 14:30 | By Steve Moore |

Gulf Marine Services – clients are “seeking cost efficiencies”, Uh oh…

Provider of support vessels to the offshore oil, gas and renewable energy sectors, Gulf Marine Services (GMS) has released an “Operational and Trading Update” commencing that clients in the Middle East are “seeking cost efficiencies as a result of the challenging low oil price environment”. Uh oh…

5 July 2016, 12:00 | By Nigel Somerville, the Deputy Sheriff of AIM |

Igas - result of bond "Dutch Auction", shares still a sell

We previously flagged that the "Dutch Auction" tender offer by an un-named client of Pareto Securities for the senior secured bonds of AIM-listed Igas Energy (IGAS) might present a bit of a threat to shareholders. We've now had the result of the tender offer...

5 July 2016, 11:25 | By Steve Moore |

Persimmon – reckons “too soon to judge” Brexit result impact, but is it?

UK housebuilder Persimmon (PSN) has emphasised that “trading through the first half of the year has been strong” and that “we believe… the UK housing market will continue to provide good opportunities”. Hmmm...

5 July 2016, 10:11 | By Tom Winnifrith |

Fireworks Erupting in the Junior Gold stocks

In gold bull cycles, the junior mining companies represent the highest possible returns, especially for investors positioned early in a cycle. Commentator David Skarica believes that the next 6 to 12 months is a great time to position yourself. Historically, moves in the junior miner move between 3-5 years, and we are only 6 months into the current move! If you enter these cheap stocks right now, and invest in 20 or 30 companies, 5 or 6 of them will probably blast off, providing exceptional returns.

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5 July 2016, 09:12 | By HotStockRockets |

Minoan: Whoever said the Greeks were efficient?

Minoan (MIN) had announced that the final hearing which would - we all expect - dismiss the final appeal against the Presidential Decree for the Cave Sidero site was to be on 4 July. But this is Greece. We are now told:

3 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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3 days 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 Tom Winnifrith |

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

It seems that little Steve Sanderson of UK Oil & Gas (UKOG) was hosting anyone who was interested at the company's site at Broadford Bridge on the Weald Basin. Just last week the Old Bill were arresting local protestors near the drill pad, so what is little Steve saying now? Suitable captions in the comments section below with a deadline of midnight tonight please.

7 days ago | By Tom Winnifrith |

Not on #dayofrage - is that because you are, as usual, on #dayofwage?

As I write a couple of thousand protesters are marching through London demanding, inter alia: an end to ethnic cleansing in London (could have fooled me), an end to cuts in public spending ( don't let the facts spoil the story) and that Mrs May's useless Government be overthrown ( how democratic). So why are you not on the demo?

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7 days ago | By Chris Bailey of Financial Orbit |

The UK consumer is not in a complete stupor says Whitbread

Is the UK consumer completely shot? For the last year we have had a waxing and waning in views from 'the experts' on this. The reality is that it depends who you talk to but, biggest picture, what is needed is a great product, attractive marketing and a base underlying need. I last chatted through the Whitbread (WTB) investment case in late January, where I concluded that the stock was still worth a punt...

6 days ago | By Malcolm Stacey |

Here's One For Plastic Palace Alice - A One Year Profit-Doubler

Hello Share Smudgers. Companies which manufacture plastic bits and pieces have done rather well in my bag in recent years. But one I have not so far touched, yet ought to do so soon, is Carclo (CAR).

6 days ago | By Steve Moore |

InterQuest – attempted robber barons respond to Defence Document, admit their offer “constrained”…

Lambasted for a “materially undervalues” 42p per share offer, the InterQuest (ITQ) attempted management buyout team at Chisbridge Ltd has made a “Response to Defence Document”

6 days ago | By Steve Moore |

Hornby – major holder’s purchase means a mandatory cash offer

Last month saw a regime change General Meeting requisition withdrawn at Hornby (HRN) and now the major shareholder, Phoenix, has unconditionally agreed to acquire the rebel’s (New Pistoia Income’s) shares – seeing it required to make a mandatory cash offer for the whole company...

6 days ago | By Tom Winnifrith |

Tom Winnifrith Bearcast: Why Paul Scott's fucktard follower will always lose & should you sell all your oil shares?

Okay this really is the last one until September. But I have packed and am ready to travel and am bored, so here goes one more time. First up I discuss those who always blame others for their lack of profits, citing some twitter chum of the great Paul Scott. Then as Brent plunges through $45 I discuss why it is falling, where it will go next and if you should sell all your shares. The answer is a very selective no.

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6 days ago | By Tom Winnifrith |

Luke Johnson speaks up for we terrified entrepreneurs

Luke Johnson will be among the star speakers at UK Investor Show 2018. Those with a golden ticket will also get to hear him in conversation with Nigel Wray at the Saracens evening the Wednesday beforehand - that will be a battle of the pizza men, a real treat - more details HERE. In his Sunday Times column last weekend he echoed my post-election gloom about how we entrepreneurs should feel terrified - HERE. It is brilliant stuff. Frankly Luke is THE reason to buy the Sunday Times. Luke opines:

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6 days ago | By Cynical Bear |

Highlands Natural Resources: Results out - fun over - bubble bursting - get out

I’m no longer surprised how stocks that, in my view, are inherently worthless or at least worth a fraction of their current share price can stay at such a high price or so long but I think the bubble is bursting, and gravity is taking hold, at Highlands Natural Resources (HNR) with a shocking set of results released yesterday. Let’s have a look at the “highlights”!

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

Lies, smears & blackmail: Loathsome Rita tries to cling on at Magnolia Petroleum

Less than lovely Rita Whittingham is doing her utmost to cling onto the gravy train for her and her relatives which is Magnolia Petroleum (MAGP). You will remember that there are moves to oust the proven failure and install one director from Nostra Terra (NTOG), Evan Ainsworth, and an independent director, Zac "The Knife" Phillips, the City's No 1 oil analyst. This would not be a change of control as Rita asserts since The Knife is independent, but a much needed boardroom clearout. Now to the defence document which is worthy of Jeffrey Archer. It is just low grade fiction.

6 days ago | By Andre Brand |

My advice to the next Chancellor

I have to confess to being very depressed over the course of the last few months. I think the depression has actually been increasing and I put it all down to media and politics.

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

Naibu – SHOCKER filthy forty update and litigation news. Who's in the frame?

Out of the blue this morning, we have had an update from ShareProphets AIM-China Filthy Forty Naibu. This was an obvious fraud and delisted in 2015 when the money stopped flowing and Houyan Lin disappeared. But the board decided to stand up to be counted. They may have been taken in and signed off on all sorts of lies, but they have been pursuing the case and today have also announced that viable legal causes of action look to exist to go after certain of the various professional advisers who were involved at the time of the flotation.

5 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…

5 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…

28 June 2017, 08:26 | 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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28 June 2017, 08:26 | By Corbyn's pal Darren Atwater |

New Bulletin Board Moron of the Week contest - sponsored by Paul "Queenie" McManus PR to London's worst frauds & AIM trash

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.

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27 June 2017, 08:11 | By Tom Winnifrith, The Sheriff of AIM |

Exclusive: The full Slater & Gordon High Court Claim against Watchstone for £537m - damning on Rob Fielding, David Curry & the lies Quindell told

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.

27 June 2017, 10:02 | By Tom Winnifrith, The Sheriff of AIM |

Saffron Energy - The City's No 1 oil analyst Zac Phillips sticks his knife in and he has a point

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.

26 June 2017, 11:19 | By David Scott |

Mother Of All Bubbles - there is no such thing as a free lunch

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.

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27 June 2017, 08:14 | By HotStockRockets |

Concepta - CEO buys a not un-trivial amount of shares: Follow suit

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.

27 June 2017, 10:03 | By Nigel Somerville, the Deputy Sheriff of AIM |

Advanced Oncotherapy – Annual Report published: Guess what?????

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…

27 June 2017, 08:13 | By Tom Winnifrith, The Sheriff of AIM |

Strat Aero - reality setting in - do not BUY!

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.

28 June 2017, 08:33 | By ShareProphets |

You may know Tom the fraudbuster but what about the man who makes you money from value investing shares tips - act TODAY!

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.

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27 June 2017, 10:20 | By Tom Winnifrith, The Sheriff of AIM |

Mayan Energy the dog has a new trick but it makes no sense at all - coke & hookers better value

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....

26 June 2017, 11:20 | By Tom Winnifrith |

Strat Aero - shares double on results but the company is almost bust - placing ahoy!

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?

26 June 2017, 14:35 | By Steve Moore |

WANdisco – share price recovery continues on Silicon Valley Bank announcement

Shares in ‘big data’ company WANdisco (WAND) are continuing a recovery on the latest news of an agreement with Silicon Valley Bank.

27 June 2017, 12:41 | By Tom Winnifrith |

Servision - how do you keep lots of idiots in suspense? We'll tell its shareholders on Friday

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? 

26 June 2017, 11:20 | By Tom Winnifrith, The Britpop Trivia Sheriff of AIM |

Video: A song for Phil Letts and his ghastly Mrs...

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!

27 June 2017, 08:10 | By Malcolm Stacey |

It's Raining Cats and Dogs for the Vet with 20 Million Patients

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.

28 June 2017, 08:06 | By HotStockRockets |

Minoan - Yes it can now develop Cave Sidero - we are off to the races: Yamas!

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.

27 June 2017, 08:12 | By Steve Moore |

Blur Group – significant shareholder selling following Friday’s A-Grade corporate horse spouting

“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”