Long-time cash burning machine (sorry, “technology developer and digital wellness pioneer”), Fitbug Holdings (FITB) “is pleased to announce a proposed equity fundraising… and loan capitalisation”. Hmmm…
I warned you time and time and time again not to buy shares in Nyota Minerals (NYO) just because Richard "Piggy" Chase and his fellow boardroom porkers had been given the order of the boot. But of course some Bulletin Board Morons knew better than "a failed pizza boy" and paid up to 0.17p. The shares are now just 0.05p to sell and I have more bad news.
Fifteen years ago today my daughter was born weighing just 1lb 4 oz. Jim Mellon still has the photos on the old t1ps server but for some reason his organisation refused to send them back despite repeated requests. Miserable bastrads the lot of them. Anyhow this bearcast is dedicated to that miracle baby, my daughter. On the agenda, the numerous AIM suspensions today, including the FRAUD Environmental Recycling (ENRT) which is now on a double suspension, plus Fitbug (FITB) and a detailed look at CloudTag (CTAG) and the strange nutjobs ramping the shares which are a storming sell.
We have had nothing but good news from Bluebird Merchant Ventures (BMV) since its IPO yet the shares have fallen. But we know why and we tell you now you must buy.
Following Sunday's exclusive news here about an Optibiotix product to help us lose weight being trialled out on Amazon I am asked if that means that the deal with Slimfast, the multi billion dollar slimming drinks company is off? No. It is not. I emailed CEO Steve O'Hara who said:
At its 13th May AGM industrial maintenance, repair and overhaul products distributor Brammer (BRAM) announced that “whilst there will be an increased weighting of the group's financial results towards the second half, our expectations for the full year, assuming our key plans for improvement in the UK and Nordics are achieved, remain unchanged”. We are now though told of a “reduced level of profitability”, seeing that “the group will be close to its net debt/EBITDA bank covenant at the period end”…
The only reason the bulls can come up with to buy into Fastjet (FJET) is that it will soon see a new CEO take the helm, Nico Bezuidenhout, whose CV looks great having done wonderful things at Mango, the low cost airline offshoot of South African Airways (SAA). Unfortunately that CV is now unravelling big time. Or at least it is in real doubt.
On 9 June I revealed that POS AIM stock Provexis (PXS) was trying to get a placing away forcing the company to admit that it had secured "non binding committments " for £160,000 to be raised at 0.24p. Non-binding, as in worthless. Today we get even worse news.
AIM-China play Grand Group (GIPO) only joined the Casino in January 2015 and consequently missed inclusion in the ShareProphets AIM-China Filthy Forty despite sporting outstanding credentials: Cayman Islands incorporated, ownership of assets through VIE arrangements. Oh and a cash-pile to die for. On listing, investors must have been sorely tempted to grab a grand. This morning the shares were suspended because it can’t get its calendar 2015 accounts out by tomorrow’s deadline. Oops.
Maybe the drift in the share price ahead of Monday's profits warning from tech recruitment firm Interquest (ITQ) was telling us something. If so I'm sorry we did not hear it. The statement caused the shares to really tank. To over-react in my view.
Recently listed Papillon Holdings (PPHP) is - as Cynical Bear pointed out here - clearly an overvalued rum and coke. But in its brief existence it has at least achieved something: helping the FD slash his tax bill. Oh what jolly good news for the crony capitalists, coke and hookers all round.
Sutton Harbour Holdings (SUH) is one of those eccentric stocks which gets stuck trading below its NAV and frustrate shareholders for an extended period of time. In all the excitement yesterday over a particular airline’s precarious financial position, I neglected to read the annual results from this verifiable Easter egg of an investment.
Uncle Tom disagrees with me, but I never underestimate the power of the UK public and foreigners,f or that matter, to imbibe alcohol. My evidence is that every other customer at my local supermarket check-out has a basket full of cans and bottles and often little else.
And so the rebels have won hands down at the sack-the-board EGM of formerly AIM-listed Teathers Financial (TEA). ShareProphets can exclusively reveal the voting numbers - it wasn't even close.
Well you can't say that you were not warned over and over again. This afternoon AIM-listed Rurelec - which has a few balance sheet issues - announced that its FY15 results will not be released by the end of this month (ie by Thursday this week) and so the shares have been suspended. Apparently they are pencilled in for release in a couple of weeks' time but there has to be a question of whether Rurelec shares will ever trade again.
As the ferrets plan to throw their hats into the ring the great Tory leadership contest is off and whoever wins will, on day 1 , be Prime Minister. So who will be leader? It is not who you want to win but who you think will win. Vote now with a deadline of midnight.
The worst newspaper in the world in the truth and analysis department is the Guardian and its worst columnist is the loathsome haridan Polly Toynbee. Silly Polly has today caused the stockmarket to surge as I explain. I then move onto FastJet (FJET), Teathers Financial (TEA), Tern (TERN) & Nigel's dynamite expose today and an array of AIM crack whores: Servision (SEV), Eden Research (EDEN) and Cloudtag (CTAG). Warning: this podcast contains some very bad language.
I previously highlighted that a good few of the twenty remaining ShareProphets AIM-China Filthy Forty faced a reporting deadline of Thursday this week, 30 June. In honour of Royal Ascot we ran a poll which showed that readers of ShareProphets reckoned on two or three suspensions/delistings to come over the next (now) just under three weeks. The race has now entered the final three furlongs…how are the runners and riders looking?
Nigel Farage was on good form today as he sticks it to the overpaid parasites in the EU parliament. Enjoy his victory speech
Shares in AIM-listed Cloudbuy (CBUY) are off by 7% on publication of results for calendar 2015. They make dreadful reading.
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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