Hello Share Tuggers. Armchair tycoons like us tend to be attracted to sectors which are in the news. The big ones - like banks and oil giants, for example. And we all know what’s been happening to them over the last few years.
Pensioner mugging stockbroker WH Ireland (WHI) has not announced this via RNS yet but just to remind it to come clean, my source close to the action says that the back office unit of its stockbroking operation is to be closed at the end of May. It is not clear if the almost 30 staff - many of whom have worked there for more than two decades - have been given the bad news yet. Well I guess they have now.
Shares in Telecom Plus (TEP) are down 40p to 843p thanks to a downgrade of stance from buy to hold by Berenberg in the note below. The target price comes down from 1400p to 1000p so with upside at the start of the day of 14% surely that makes the shares cheap? Whatever. It seems an anodine note to me. I remain a bear as per Kevin Ashton's most awesome analysis HERE but you make up your own mind
AIM-listed Imaginatek (IMTK) has just responded to Press Speculation - one assumes the Daily Mail story Rob Terry is planning a takeover - but pointedly failed to deny the story. Is Rob Terry about to launch a bid and return to the Casino? I though April Fool's day was last Friday....
Until today the board of Petroceltic (PCI) has either opposed or refused to endorse the 3p a share offer made by Sunny Hill Ltd, aka 29% shareholder Worldview. Tens, if not hundreds, of thousands of pounds have been spunked on advisers and drawn as boardroom pay while the imbeciles who made Petroceltic what it is today ( effectively bankrupt) denied the inevitable.
Designer, manufacturer and distributor of apparently “innovative brands and products to the global retail market”, LiteBulb Group (LBB) has announced a “Disposal Strategy Update”. As was to be expected, it ain’t good…
David Lenigas would like to let shareholders who have lost a fortune in LGO Energy, Inspirit, Afriag, Lenigas Cuba, Polemos, Doriemus, etc, etc that he shares their pain as we can show in the photo below.
In today's podcast I start with the clown Lenigas as he stoops to new lows in every respect - see HERE. I then move onto a shit company not linkd to Jabba The Hutt - Taihua (TAIH). I also cover Solo Oil ( SOLO), Strat Aero (AERO), 88 Energy (88E), Cluff Natural (CLNR) and the time Algy met a man in shorts and a T shirt (me) and turned up his patrician nose, and Nighthawk Energy (HAWK)
Obtala Resources (OBT) has announced a quarterly update, including that the “period has been very much focused on business development ahead of harvesting in April on both the timber and the agribusiness as both businesses move from project phase to operational… The sales pipeline is growing and the forthcoming months present themselves as an exciting period for the progress and expansion of our agriculture and timber divisions”.
On April Fool’s day last week, AIM-listed Nighthawk Energy (HAWK) provided the market with a 7am RNS. There was good news and bad news. Or, rather, not-quite-as-bad-as-it-might-have-been news, and very bad news indeed. Unfortunately the better bit was corrected yesterday afternoon. An extended April Fool, then.
Having followed a profit warning with news that its CEO is to walk the plank, geoscience services group Getech (GTC) has announced results for its half year ended 31st January 2016. They ain’t pretty…
By email and by twitter last night David Lenigas sank to new depths in an attempt to bully me into not speaking out at UK Investor Show on April 30 explaining why the fat Aussie share ramper has no place on AIM. Mr Lenigas should be truly ashamed as he wakes up this morning to what he posted last night. I doubt he will be. Mr Lenigas and his associate the tobacco smuggler Yusuf Kajee have both in the past tweeted references to my mental health and the death (by suicide) of my mother. And so one of Jabba's offerings last night was
Life is pretty grim for Nighthawk (HAWK). By April 16 it has to figure out how to repay $10 million of its $23 million borrowings despite having only $2 million of cash. There must be a solution but it may not be entirely pleasant for shareholders. But at least the company has a sense of humour, now admitting that production numbers it issued on April 1st were utterly bogus. April Fool! Shucks, its shareholders really believed you. Good one!
Hello Share Spreaders. Paragon (PAG) is a company which lends in niche areas like the buy-to-rent market. As you know, more and more people have to rent because deposits on their own homes are too high and mortgages are still hard to get, even if you are an average wage earner.
It has all gone a bit quiet in the boiler room but in the absence of any real news who better to step up to the plate and pretend that there is good news than fat Aussie share ramper Jabba The Hutt? With just 25 days to go until he is 100% exposed at UK Investor Show by myself (SEE HERE), today David Lenigas tweeted:
Our coverage of Servision (SEV) has been full as you can see HERE - shares in this POS are slipping again and I explain why another bailout placing looms. But I explain all sorts of reasons why those crony capitalists involved may be very nervous indeed about assisting this company. If you are a shareholder you should sell ahead as a bailout means mega dilution, no bailout means bankruptcy and ultimately this company is worthless anyway.
Polemos (PLMO) has been a value destruction exercise par exellence by David Lenigas and his wrecking crew and news of another planned placing today just adds to that tale. The only question is who would be daft enough to get involved?
Okay this reasearch from Equity Development is paid for and so it is unlikely to be headlined "screaming sell" but I happen to think ED is among the better of the paid for researchers (its all relative) and this report on Minoan (MIN) is logicaly coherent. It sets targets for the shares, now 9p, of 21p (short term), 41p (medium term) and 61p long term.
Firstly happy birthday to my father - I have a present see HERE. Then a message on landing times for UK Investor tickets. If you have not booked yet do so now. Then I am going to annoy Paul Scott by bashing Roger Lawson. Those who followed Lawson's advice as he ramped blinkx (BLNX) without declaring his holding are 90% down. Yet the cocksucker is yet to apologise to them or to those he smeared & defamed who pointed out why his analysis was all cock. So let's look at the dire trading statement today. Then it is onto Asiamet (ARS), Strat Aero (AERO), Iofina (IOF), Fitbug (FITB), Vast Resources (VAST) and finally a detailed look at Rare Earth Minerals (REM) and some interesting points raised by Andrew Monk.
AIM- and Dublin ESM-listed Petroneft (PTR) has hit back at its requisition-hungry and (just shy of) 30% shareholder Natlata, which has forced a sack-the-board EGM to be called (for the second time). Yesterday Natlata complained that it had been handed a Restriction Notice which would prevent it from taking part in the EGM. Today Petroneft has announced that it has, in fact, handed out not one but two Restriction Notices.
The March edition of the UK Investor Show Magazine is live featuring 7 share tips, company profiles, interview with Richard Poulden of PCGE, why we fight fraud & fake news on Channel 4, Donald Trump, Marine Le Pen, a look at the banksters and much more.
Well this is a company that will sponsor any old crap and let's face it, 95% of Bulletin Board Morons post on the LSE Asylum. As the countdown to the fraud Cloudtag (CTAG) being booted off AIM next week accelerates you kind of sense which stock will be the focus of most entries. The competition rules are simple. Just nominate the daftest post on a BB or on twitter in the comments section below. Once again, our in-house semi-trained loon Wildes is allowed to nominate his own posts. The deadline for entries is midnight on Sunday 26th March. Post away!
Clearly this is the story of the day. I reflect on this from various angles. I then move onto Franchise Brands (FRAN) shares in which surged 16% forcing a suspension. No insider dealing here guv, walk on, walk on. Then it is onto Bowleven (BLVN), Yolo (YOLO), Starcom (STAR) which I may have called Starvest but I meant Starcom, Van Elle (VANL), Nyota (NYO) and finally the uber dog Advanced Oncotherapy (AVO) which is in freefall. Hah! Death spiral shylocks Bracknor your spoof is not working is it! On the subject of terror I mention that evil bastard Martin McGuinness.You should not speak ill of the dead but for this unapologetic murderer and for those in the media who praise him as a good man I make an exception HERE. Mr McGuinness was a wicked man who sought no salvation in apology and repentance and, if there is a hell, his soul is right now burning at the heart of it.
I explained some time ago why I thought that the management of Bushveld Minerals (BMN) had treated retail investors with clear contempt and why that made the stock uninvestable. In the short term this can go anywhere, in the long run shares in companies run by scumbags usually head south. I wake up and find that the shares are now 7p and so - with a lot of "assistance" from a great broker we can note.
Well fraud fans, the first day of reckoning for the shabby fraud that is Cloudtag (CTAG) looms. If it has no Nomad in place by Monday night next week then its shares will be booted off AIM. Unable then to raise even death spiral funding and with no sales it will go bust pretty quickly. If it was not already close to going tits up it would not have attempted that last gasp discount placing with broker Novum. So, as no Nomad will sign up to act for an obvious fraud the Fat Lady is waiting in the wings. When this does go bust the video below, recorded with morally bankrupt rampers for hire Proactive, should be examined very closely by the Serious Fraud Office as it is damning..
Optibiotix (OPTI) has announced - not before time we might note- that the demerger of its 52% unit Skinbiotherapeutics and its own AIM listing is underway. I should cocoa. Book building is cracking ahead on the Skinbiotix IPO. Optibiotix currently has an adjusted 52% of Skinbiotherapeutics.
Hello Share Sappers. Occasionally armchair tycoons like us come across a little jewel. When it happens, and I’ve commended this share to you previously, it is very tempting to blow my own trumpet. Which is what I now do with Creightons (CRL).
Hello Share Smackers. After a long - and for me nervous - wait, the full results for IQE (IQE) are in. And as I predicted on this terrific website, the shares fell on the announcement.
I comment on the hopeless response of smug MPs and the established media to yesterday's terror attack on my own website in a podcast HERE. On the markets I look at expectations management at Next (NXT), at how we know or knew about the balance sheet at Toople (TOOP) covered HERE by Cynical Bear or Advanced Oncotherapy (AVO) heading for 0p and covered in detail by me earlier HERE. I look at Public Services Properties (PSPI ) and what its AIM casino departure says about RTOs and contingent liabilities - which reminds me again of New World Oil & Gas (NEW). Finally I have a detailed look at the strange world of Paternoster Resources (PRS), not a stock you have to own in any way. PS Cynical Bear is not me. Can you see any typos in his articles?
There was exciting news out yesterday from Solo Oil (SOLO) with its venture into the specialty gas market, it is taking up to a 20% stake in Tanzania focused Helium One Limited .
It is just eight days to the GM of Advanced Oncotherapy (AVO) where shareholders are being asked to approve the issue of gazillions of new shares for the Bracknor death spiral. Since the alternative is going bust within weeks if not days then the result is a gimme although I intend attending - as the owner of 1 share - to ask some searching questions. But the collapse in the share price - the stock is now 31.5p mid, 30p bid tells you there are even bigger issues and that Advanced is, quite possibly toast whatever.
Many AIM oil companies promise the earth, yet in most cases are still no nearer to actually producing anything despite a number of years having passed since their initial discoveries, so it is refreshing to see that there are exceptions to this trend.
Well that didn’t take long; 26th October 2016: “Van Elle (VANL), the geotechnical contractor offering a wide range of ground engineering techniques and services to customers in a variety of UK construction end markets, is pleased to announce the admission to trading on the AIM market”. 22nd March 2017: trading update including “delay and deferral of contracts”…
With planning despair following trading despair recently, there is now a boardroom change General Meeting requisition at DX Group (DX.)…
On Monday I started a series in which I gave clear reasons why JackpotJoy (JPJ) was an obvious short. Now let us mover on and have a look at the management and their history in commerce. I am sure that there is nothing to read into it but Andrew McIver sat on the Board of Daniel Stewart and seems to be pals with our dear friend the king of the fraudsters, Mr Rob Terry
Drowning in debt Avanti Communications (AVN) is 'avin' a giraffe once again with a new announcement of deal with no financials attached which is almost certainly utterly meaningless. Today we head to Kenya.
AIM-listed e-commerce play Cloudbuy (CBUY) released its full year numbers for calendar 2016 this morning. Having had a rescue refinancing last year and a change of strategy the question was always whether all the good news announced over the last few years would ever be converted into revenue. The bad news is that it hasn’t yet. By the way, as a general point to the company, if you are going to reference notes to the accounts in the RNS and don’t include those notes people will think you have something to hide. It looks poor.
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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