ShareProphets

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


3 July 2016, 11:14 | By Nigel Somerville, the Deputy Sheriff of AIM |

Filthy 40 MoneySwap refinancing proposals as equity faces big dilution

Friday after-hours saw a no-one-is-watching o’clock proposal released by ShareProphets AIM-China Filthy Forty play Moneyswap (SWAP). IF all goes according to plan then existing shareholders will be diluted very heavily as the bailout money gets most of the equity (at quite a discount to Friday’s closing price). If not then the company goes bust. But you can’t say you were not warned.

3 July 2016, 11:12 | By Tom Winnifrith |

Malcolm Stacey on Holiday Day 4 Caption Contest & Day 3 winner

It is not just to avoid Wildes screaming "fix - insider dealing and market abuse" and reporting me to the FCA but once again I am not awarding the prize for the day three contest to Nigel Somerville. You can see his and the other five losing entries HERE. For today's contest Getafix has, it seems, left the beach and headed inland and sent us a new photo to allow you to do your worst. The deadline for entering today's contest is midnight ( which is also the deadline in the Tory leadership poll HERE). So yesterday's winner with another corker was...

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2 July 2016, 10:37 | By Tom Winnifrith, The Sheriff of AIM |

Downfall video: Doug Ware of FRAUD Worthington reacts to news of Nuna bankruptcy

I did not create this but whoever did feels kind enough to get me and ouzo in here somewhere. As I explained earlier  HERE Worthington (WRN) is now toast as of Monday Morning and it is time to call in the rozzers.

2 July 2016, 09:19 | By Tom Winnifrith, The Sheriff of AIM |

Gable Holdings – yet more misery for shareholders

Having failed to finalize its accounts for the year ended 31 December 2015 within the six month deadline of 30 June 2016 Gable (GAH) made the following announcement on 1 July:

2 July 2016, 09:04 | By Tom Winnifrith |

Tom Winnifrith BearCast - the FCA has been investigating me for the past few weeks - poltroons

In this podcast I relay to you news of an investigation which has now closed into me and others relating to InternetQ. It shows the sinister powers the FCA has and uses but also the crass stupidity of the regulators in pursuing such an obviously flawed investigation. Not only was I 100% innocent but I was demonstrably so. What makes the fact that these fascist poltroons go after an investigative journalist who has busted so many frauds is that the FCA has not gone after the frauds despite me handing it evidence on a plate. I refer to Quindell, 3DM ( where in its FSA days it actually helped protect the fraudsters), Globo and Sefton This has meant that investors have been screwed as a result. The FCA is not fit for purpose 

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2 July 2016, 08:22 | By Nigel Somerville, the Deputy Sheriff of AIM |

China FRAUD Taihua - another stinker of a set of results from the Filthy 40

ShareProphets AIM-China Filthy Forty play Taihua (TAIH) released its FY15 numbers on Thursday – deadline day to avoid suspension under AIM Rules. But they were released after-hours at 4.52pm: talk about last-minute. The numbers are a horror, but then so is the Auditor’s Qualified opinion, and the material uncertainty warning in the Going Concern Statement.

2 July 2016, 08:17 | By Cynical Bear |

Nektan – Another disappointing trading update – any hope?

I first wrote about Nektan (NKTN), my bear pick of the year, in mid-January HERE with the share price having already had a bad start to the year down to 107p from 130p at the close of 2015. Following yesterday’s pre-close trading update for the year to 30 June 2016, it closed down 23% on the day at a mere 47p. Time to reassess my position.

2 July 2016, 08:15 | By Steve Moore |

ShareProphets readers tips for 2016 competition - end June update

Having asked for readers tips for 2016 for the amazing prize of lunch or dinner with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected a buy & sell pick and those to be listed on the LSE or on the AIM Casino)...

2 July 2016, 08:11 | By Graham Neary |

Gulf Keystone Petroleum - Living On Borrowed Time

June was a quiet month for Gulf Keystone (GKP), at least in terms of news for observers. Internally, there are doubtless all manner of interesting conversations taking place. We were given a twin helping of clues on Friday as to the content and direction of these discussions. Unfortunately, there is still no reason to believe that the shares have any value. But maybe the end is nigh.

2 July 2016, 08:08 | By Cynical Bear |

Vast Resources: Crexit achieved, an incredible effort from the activist shareholders

It’s been a fantastic week for democracy on AIM first with the ousting of the Teathers Financial (TEA) Board early in the week and then, yesterday, even more impressively was the show of strength by the shareholders of Vast Resources (VAST) at the general meeting ousting the greedy financiers, Crede, in the process.

2 July 2016, 08:06 | By Tom Winnifrith |

Tory Leadership Poll v2 - 60% of you were wrong last time, please try harder

On Tuesday we asked you who would be the next Tory leader and 60% of you went for folks who are not even on the ballot today including the man who has screwed half the women in London (Boris), the man who has screwed up English Football (Roy Hodgson) and the man who allowed the greedy junior doctors to screw even more cash out of the NHS, Jeremy Hunt. So let's try again. Who will be the next leader of the Tory party? The deadline for voting is midnight on Sunday.

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2 July 2016, 07:58 | By Tom Winnifrith |

Worthington is now Officially fucked - "merger partner" Nuna declared bankrupt: time for the Rozzers to move in?

The former CEO of Danish listed NunaMinerals was owed cash by the company and yesterday managed to get the company formally declarred bankrupt in a court in Greeland - see HERE. That means that Main market listed fraud Worthington (WRN) can no longer procrastinate and claim to be in talks about an RTO. So it must be game over for Aiden Earley, Craig Whyte and Doug Ware.

2 July 2016, 07:45 | By Nigel Somerville, the Deputy Sheriff of AIM |

Filthy 40 – China New Energy FY15 results: a stinking POS festooned in Red Flags

ShareProphets AIM-China Filthy Forty play China New Energy (CNEL) has seen us hoist the Red Flag on several occasions before (see HERE) but its FT15 results, released on deadline day (Thursday) take the biscuit. The company is, quite simply, a disgrace and its advisers (Nomad Cairn and disgraced Broker Daniel Stewart) should be ashamed.

2 July 2016, 07:39 | By Tom Winnifrith |

Malcolm Stacey on Holiday Caption Contest day 3 (and day 2 winner)

Getafix is still on holiday and without his enthusiastic endorsement trading activity in Advanced Oncotherapy (AVO) has all but disappeared. But as a consolation the old boy has sent us another holiday snap which is begging for a suitable caption. Yesterday's picture produced a standout winner from the 10 entries as you can see HERE

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1 July 2016, 15:08 | By Nigel Somerville, the Deputy Sheriff of AIM |

China fraud 40 Jiasen – drowning is cash, generating cash, profitable, PE<1, cancels dividend. Why might that be?

Having traded as high as 6.25p just six weeks ago, shares in ShareProphets AIM-China Filthy Forty Jiasen International (JSI) have collapsed down to just 3p after it scraped over the line to release its calendar FY15 numbers on deadline day yesterday. The numbers are, of course, wonderful…which is why the company which is drowning in Red Flags (oops) cash has cancelled the full year dividend.

1 July 2016, 15:06 | By Tom Winnifrith, The Sheriff of AIM |

Tom Winnifrith Bearcast: Once a Fraud always a Norfolk (Eden) & Fisking Belfort Securities Research

Ahead of my hot date with the most amazing woman tonight I am just counting down the hours. Meanwhile I contemplate the nature of fraud with explicit reference to Eden Research (EDEN) which - pro tem - retains its AIM listing. I am sure PR fecking genius Paul Queenie McManus won't like what I say but he can just go chat to his BB Moron pals, smear me again and go fuck himself. Moving on I do a complete fisking of a "corporate hold" ( ie sell as fast as you can) research note from Belfort Securities on piece of Turkish Servision (SEV). Yes this podcast contains yet more quite appalling language.

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1 July 2016, 14:10 | By Steve Moore |

Ten Alps - “Directorate Change” announcement = CEO walking the plank

Having recently noted that TV and multimedia content producer Ten Alps (TAL) faced an unenviable combination of issues, the company has now announced that “Mark Wood, Chief Executive Officer, has notified the board of his decision to step down as CEO and as a company director with immediate effect, which was accepted… The company has no immediate intentions to appoint a new CEO”. Hmmm…

1 July 2016, 10:55 | By Nigel Somerville, the Deputy Sheriff of AIM |

China fraud LED International Holdings and AIM Rule 41: is AIM Regulation asleep at the wheel (again?)

ShareProphets AIM-China Filthy Forty play LED International Holdings (LED) finally got around to releasing its FY numbers to June 2015 just a few days ago - almost six months late. As discussed HERE the Red Flags are horrific: the auditor (BDO) issued a Disclaimer of Opinion, as well as raising a material uncertiainty in the going concern statement. Quite why the Nomad, Allenby, did not quit on the spot is a mystery to me. But the shares are still suspended as the interims to Dec 2015 are now three months overdue. And that brings me to AIM Rule 41:

1 July 2016, 10:50 | By Nigel Somerville, the Deputy Sheriff of AIM |

Filthy 40: Hooray! ANOTHER Nomad resignation as Eastbridge joins Death Row

Three strikes and you’re out: ShareProphets AIM-China Filthy Forty Eastbridge Investments (EBIV) – the former China Wonder and then Quihang – announced the resignation this morning of its Nomad, Northland Capital Partners, with immediate effect. The shares are consequently suspended, and if no replacement is found within a month then it is lethal injection time. Mind you, there is a rather more pressing deadline in ten days, in that Eastbridge will be given the boot anyway if it can’t fulfil its investing policy as an AIM investment company by then. Since that was reliant on some hare-brained plan to raise more cash, that surely will now not happen. In short, Eastbridge is toast.

1 July 2016, 09:46 | By Tom Winnifrith, The Sheriff of AIM |

Tom Winnifrith Bonus Bearcast- After 11 Years 3DM your boys took one hell of a beating...next up Eden

It was 11 years ago that 3DM as was, Environmental Recycling (ENRT) as is and its sister company Eden Research (EDEN) were sending me lawyers letters. Both were frauds. Both are still frauds. Today Environmental lost its Nomad and as it is bust it is game over. Now I am going for Eden but in this podcast I tell the amazing story of both frauds, explain who was involved and is disgraced, accuse certain City folks of lying and worse as part of the cover up and demonstrate why this should have ended years ago but did not down to failings ( again) at AIM Regulation as well as disgraced Nomad WH Ireland. I warn you there is some bad language as I am pretty emotional right now. Enjoy, this is no holds barred stuff and it will shock you.

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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”