ShareProphets

Tuesday 17 January 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


15 January 2017, 11:28 | By Tom Winnifrith |

Tom Winnifrith Bonus Bearcast - revisiting the 7 stages of grief with the Cloudtag & African Potash frauds

I revisit the seven stages of grief in relation to buying shares in frauds and other disasters. I look at which stage shareholders in the frauds African Potash (AFPO) and Cloudtag (CTAG) have got to and what the psychology of grief tells us about where share prices are heading. 

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15 January 2017, 11:27 | By Tom Winnifrith |

Metals prices 2016 in review and what Sprott expects in 2017

The world's best known investor in precious metals, Sprott Asset Management has just published its review of 2016 and its predictions for 2017. It writes:

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15 January 2017, 11:15 | By Tom Winnifrith |

Tom Winnifrith Bearcast - a New Prospectus brings shame on all concerned - shockingly misleading

Cynical Bear has written a fascinating article today on Simian Global (SMG) - HERE. Cynical Bear you are a wuss. You are far too generous about this crock of Turkish. If one goes to the prospectus and then cross references with companies house you will find a story of true horrors, something that the prospectus fails to mention, indeed it deliberately gives you a completely different impression. This prospectus stains all involved with it ( directors Edward Ng and Ajay Rajpal, Peterhouse Corporate Finance, Edwin Coe and the UKLA) with complete shame. How on earth do these folks sleep at night? My target price for the shares is 0p.

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15 January 2017, 11:12 | By Nigel Somerville |

Is Daniel Stewart about to set sail into the sunset?

A couple of interesting filings on Companies House leave me wondering whether former AIM-cesspit posterboy Daniel Stewart Securities plc (DAN) is being prepared for a quiet execution. It was clear from the (stunningly) late-filed 2015 Accounts that is was in serious trouble, and last year a debenture over the parent seemed to have morphed into a debenture over its subsidiary, Daniel Stewart & Co plc. Now the previously wholly-owned subsidiary, which contains the trading business, seems to have been raising money on its own account.

15 January 2017, 10:34 | By Cynical Bear |

Simian Global – If at first you don’t succeed…..try the Standard List!

A dispiriting new entry to the Sub-Standard Shockers XI this week – well someone has to fill the impending gap created by the liquidation of Worthington (WRN) - so please everyone give a warm welcome to Simian Global (SMG), a reincarnation of a previously failed effort. Please allow me to explain.

15 January 2017, 10:32 | By Pizza Hardman & Mad Euro-loon Lefty Darren Atwater |

Notes from Underground: It's the end of the world as we know it

In a mere five days, Donald Trump becomes president of the United States. In 90 days or so, Theresa May promises to pull the plug on the world's largest trade bloc.

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14 January 2017, 13:59 | By Tom Winnifrith |

Pennon - damning CSFB note and the losses from the off balance sheet jv

Hats off to top broker CSFB for daring to publish a negative note on a blue chip company. The 33 page missive on Pennon (PNN) - formerly South West Water. The note flags up the huge losses being racked up by a 75% owned joint venture, Peninsular, which appears to be held off balance sheet. CSFB rates the shares underperform. I'd go one further and say sell. This reads very badly indeed. If this jv was consolidated, reported earnings would be 30% lower. Why is it not? Pennon needs to clear this matter up at once.

14 January 2017, 13:58 | By Tom Winnifrith |

Tom Winnifrith bearcast - Insider Dealing is a crime that usually does pay

I have an awful cold so cannot speak properly and the Mrs is giving me grounds for divorce (again) with awful TV choices as I suffer from my ailments. In the podcast I cover insider dealing (ref Logica), buying after a profits warning (ref Red Rock & SpaceandPeople) and why the bulls are wrong even though the FTSE 100 is at a record high (ref Malcom Stacey)

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14 January 2017, 13:56 | By Tom Winnifrith & Steve Moore |

Shoe Zone - buy on results

UK value footwear retailer, Shoe Zone (SHOE) has announced results for its year ended 1st October 2016, that it has made a “solid start” to its current year and that “the board remains positive for the outlook of the group”.

14 January 2017, 13:55 | By Tom Winnifrith |

A Real Market Shift In Uranium Is In Play

Well that is the assertion of George Glasier the guest in this week's podcast with Palisade Capital. He spends much of the podcast talking his own book but on the bull case for uranium which seems to be getting stronger he is fairly persuasive.

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14 January 2017, 13:48 | By HotStockRockets |

Red Rock Shoats Creek Disappoints but market gets it all wrong - buy

Red Rock Resources (RRR) has seen its shares slide back to 0.5-0.55p ( we tipped this at a 0.5p offer in November and the shares were 0.7p+) after admittedly disappointing news from Shoats Creek, its US oil asset. But the market has over-reacted big time.

14 January 2017, 13:46 | By Steve Moore |

Secure Trust Bank – pre-close trading update comes with macro warnings…

“Pre-Close Trading Update” announcement from Secure Trust Bank (STB) sees the company note that “a year of excellent progress ended with a very busy and productive final quarter… anticipates the full year results will be in line with market expectations… (with) substantial capital resources”. However, of possibly greater interest are the wider points on its market and the economy that the UK bank makes…

14 January 2017, 13:41 | By Steve Moore |

Table of shorted AIM shares - week to 13/01/2017

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

14 January 2017, 13:40 | By Malcolm Stacey |

Looking for a Bumper Dividend in Tidy Ship? Look at City of London Investment Group.

Hello Share Ticklers. I’ve just bought a bit of the City of London Investment Group (CLIG). Those of you with long memories may remember I’ve previously a piece or two commending this holding company to your further researches.

13 January 2017, 15:51 | By ShareProphets |

We've brought our next hot share tip forward as it is so hot - catch it for just £5 TODAY

We were not planning to serve up our next share tip until the end of the month. But shares can move fast on AIM and we have identified a stock where something really is bubbling. And so our next hot share tip is out TODAY (Friday 13th) at 2 PM. we are working hard on it now.

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13 January 2017, 15:46 | By Steve Moore |

Countrywide – full-year trading statement, a “pleasing” performance?

Following Foxtons earlier this week, Countrywide (CWD) has now updated for the 2016 calendar year with CEO Alison Platt claiming “it is pleasing to report modest full year revenue growth”. Hmmm…

13 January 2017, 15:46 | By Tom Winnifrith |

Tom Winnifrith Bearcast & Video: The Great Bear Marc Cohodes interviewed on the Concordia fraud - this sounds so Cloudtag familiar

I was watching an old video today in which the great bear Marc Cohodes was interviewed about Concordia a fraud he called as a fraud. The shares were just over $100. They were c$37 when this interview went live. They are now sub $3. Listen to what he says about how investors and fraud companies react to him. This sounds very familiar to me as I discuss in the bearcast below which compares Cloudtag (CTAG) and my life to that of Marc and Concordia.

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13 January 2017, 15:39 | By Tom Winnifrith & Steve Moore |

Concepta gets EU ISO13485 accreditation for MyLotus shares at 18p set to hit 28p+ by easter

Concepta (CPT) has announced that it has secured ISO13485 accreditation which is a key step in attaining its CE marking for its 'myLotus' product for unexplained infertility.

13 January 2017, 10:33 | By Tom Winnifrith |

Tom Winnifrith Bearcast: the Delivery Man says he's a keen reader - he's also a fan of Big Dave Lenigas

And so the guy delivering a package for next door said "Hello Tom". He is a keen reader and owns shares in UK Oil & Gas (UKOG), ScotGold (SGZ) and Xtract Resources (XTR). He must be a big fan of Big Dave Lenigas as well. It was a good chat. In this podcast I look at how quickly sentiment can change ref Nostra Terra (NTOG) and Optibiotix (OPTI). I cover Iofina (IOF) and Strat Aero (AERO) and reflect on how the curse of the Sheriff of AIM has fallen on Dolphin Capital (DCI). It took a while!

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13 January 2017, 10:32 | By Tom Winnifrith |

Jim Mellon's related party deal of the day - Condor Gold share Purchases

Sorry if my good friend Jim Mellon feels if I am picking on him today but moving on from Port Erin (PEBI), the old boy (60 in a few weeks) has also been active at Condor Gold (CNR), the dog where he sits as a NED. Hang on tight folks, this related party trail is getting confusing.

6 days ago | By Tom Winnifrith |

Tom Winnifrith Bearcast: Explaining what a kitchen sink is - ref Cobham

Oakley is about to be petrified as the working classes are arriving. He fears them greatly. He fears hoovers even more. But ahead of that I record quickly. Today I cover Darren's bogus religion of global warming and Ariana (AAU) - the market has this wrong - Cobham (COB) - what ia  kitchen sink - my dream St Valentine's Day massacre involving three listed companies which could all go bust on February 14. Please God! I also look at PCG Entertainment (PCGE) and its news today. Hats off to my friend comrade Richard Poulden. I also chide young Steve for not giving credit where credit is due to Majestic Wine (MJW) and have a few words about Aidan Earley. I thank him publicly on one matter although a lawyers letter has been received.

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49 minutes ago | By ShareProphets |

December edition of the UK Investor Magazine - featuring 7 tips, what our writers want for Christmas, Interviews with Conroy Gold and ECR minerals and much more

The December edition of the UK Investor Show magazine is live featuring 7 tips, plus 5 our writers hope that they will find in their stocking. Interviews with Conroy Gold and ECR Minerals, the bonfire of the charities lots on Cloudtag, Advanced Onco and much more.

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2 days ago | By Tom Winnifrith |

Bulletin Board Moron of the Week - its ouzo time as Potash booted off AIM

Send Tom Winnifrith a fascist lawyers letter as the fraud African Potash (AFPO) did on September 1 and your fate is sealed. Today African Potash was formally booted off AIM. Now it will fail to raise cash on NEX (formerly ISDX) and will go bust soon. Lyin' Chris Cleverley meet Karma. Ain't she sweet? Amazingly there are still some people out there on the Bulletin boards who think its all my fault and Lyin' Chris runs a great British Company. Whatever. In that vein please nominate the most moronic Bulletin Board or twitter comment you can find in the comments section by midnight on Sunday 15th January. Have fun!

5 days ago | By Tom Winnifrith |

"Champagne" Reader Contest - Guess the share price of Cloudtag on April 1 with a Kate & Hayley picture tie-breaker

Here is an easy contest and the prize for winning is a bottle of Chapel Down English Champagne which I shall present on stage to the winner at UK Investor Show. It is easy to enter and the rules are simple.

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

Filthy Forty Taihua – Another letter to AIM Regulation: still no website, still no buy-back, still no update on related party receivables.

ShareProphets Aim-China Filthy Forty play Taihua (TAIH) is having a giraffe. The buy-back announced last August, to be paid for from an Open Offer long since completed hasn’t happened. There has been no update on the matter since the end of September. The accounting matters over related party receivables which the company, in its FY15 Annual Report promised an update on has seen no further comment. The website has disappeared, meaning that the company is in breach of AIM Rule 26 – a matter I raised with AIM Regulation on 29 December last year.

6 days ago | By Malcolm Stacey |

Whitbread Shares May Froth Despite the National Living Wage

Hello Share Cravers. Whitbread (WTB) is a name which still conjures up old-fashioned pubs and breweries. Not necessarily a great business to be in that, as pubs seem to close down all over the shop.

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

UPDATE: Filthy Forty Taihua - Company Website news at long last

Well there you go: two letters to AIM Regulation and half an hour after the second one is published ShareProphets AIM-China Filthy Forty Taihua (TAIH) releases an RNS saying it has a new website: www.taihplc.cn. Amen to that - and a rare well done to the oxymorons. A dot.com becomes a dot.cn - was that really so hard to explain to the market in an RNS, that it has taken over six weeks to update investors since the demise of the company's previous pages?

7 days ago | By Tom Winnifrith |

Tom Winnifrith bonus bearcast: not all Death Spirals are the same - the L1 Cloudtag warrant catastrophe explained

I know I have slammed death spirals but they can actually be a "cheaper" source of equity funding for some PLCs. But not all spirals are the same and the L1 facility is a disaster for Cloudtag (CTAG). I explain in this podcast how the warrant kicker will crush the Cloudtag share price and when. Perhaps after listening you want to enter the Cloudtag share price guessing contest HERE

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6 days ago | By Steve Moore |

CloudCall – Trading Update emphasises positives, but it remains cash burn ahoy!

Integration of telephony systems into existing customer relationship management software-focused CloudCall (CALL) is “pleased to announce” a full-year trading update – and the following reviews with the shares currently more than 17% higher, at 76p, in response…

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

Have you lost money on the Cloudtag fraud? - Grant Thornton might help you get it back

With shares in the AIM listed fraud Cloudtag (CTAG) having slumped from a peak of 25p to c7p there are already many investors who have lost money. Over the next few months as the share price dwindles towards zero there will be legions more. But help may be at hand from Grant Thornton's fraud insolvency and recovery team.

6 days ago | By Tom Winnifrith |

Don’t Become Complacent With Stock Markets This High - Blow Off Top is Nigh

Markets may move down soon which may include mining stocks - that is the view of commentator David Skarica who is concerned about the potential for a big debt crisis which could cause a short term deflationary bout, but it may be a great buying opportunity. Commodities will most likely rally into that deflationary period first and be similar to 2001/2002.

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6 days ago | By Tom Winnifrith |

Jim Mellon's Diabetic Boot spoof - is there something FastForward, Port Erin & Life Science should be saying?

Cynical Bear has twice reported back on the great Jim Mellon Diabetic Boot spoof. This is a private company originally backed by Mellon with his own cash but then backed at ever higher valuations by PLCs controlled by Mellon, i.e with other folk's cash. But something happened before Christmas - surely the listed vehicles need to fess up? The spoof is not funny anymore, it is seriously related party unfunny;.

6 days ago | By Steve Moore |

Cobham – ANOTHER profit warning, though still worse to come?

Aerospace and defence group Cobham (COB) has released a “Post-close Trading Update”, with the shares currently around 15% lower, at 140p, in response. Uh-oh…

6 days ago | By Tom Winnifrith |

Golden Saint - just when will the Fat Lady sing? Shares crashing to new lows.

As at 30 June 2016 Golden Saint Resources (GSR) had $722,000 cash and cash equivalents but by mid November the tank was empty and this cash guzzling joke of a company needed to raise another £400,000 gross (call it £350,000 net or $450,000) to keep going. So how much is left? The share price tells you that cash is running out fast (again) - the stock is now at an all time low of 0.025-0.03p valuing this crock at just £1.6 million. That, BTW, is £1.6 million too much.

5 days ago | By Malcolm Stacey |

Time To Phone Your Broker About BT Again?

Hello Share Nibblers. I took a big block of shares in BT (BT.A) on the recommendation of Alan Green of Brand Communications about four years ago. The stock rocketed soon afterwards, nearly doubling my stake. Pretty impressive for a Footsie member, I think. Then about a year ago, it dived for some reason I forget. And as usual when a ship wobbles I was still aboard. Never mind, I still enjoy a bumper paper profit on the stock, just not one that’s quite a chipper as it used to be. But things are changing.

6 days ago | By Steve Moore |

Foxtons – full-year trading update, sales trend dire…

Already down to sub 100p having commenced 2016 at 188p, has a full-year trading update helped shares in London estate agency Foxtons (FOXT) recover somewhat? Er, nope…

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

Filthy Forty PCGE Entertainment: it is hats off to Saint Richard Poulden as rescue deal revealed

ShareProphets AIM-China Filthy Forty play PCG Entertainment (PCGE) has announced a rescue deal. It is great news for shareholders and a stunning coup for head honcho Richard Poulden, the Chairman, who stepped up to the plate following the shocking emergence of difficulties involving previous top dog Mr Kung Min Lin and a deal to buy Centre Point Development Corp (CPDC). The deal announced today looks to be a full lancing of the boil.

49 minutes ago | By ShareProphets |

December edition of the UK Investor Magazine - featuring 7 tips, what our writers want for Christmas, Interviews with Conroy Gold and ECR minerals and much more

The December edition of the UK Investor Show magazine is live featuring 7 tips, plus 5 our writers hope that they will find in their stocking. Interviews with Conroy Gold and ECR Minerals, the bonfire of the charities lots on Cloudtag, Advanced Onco and much more.

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1 day ago | By Tom Winnifrith |

Andrew Monk's third share tip of the year - the best lottery ticket you will ever buy

Top stockbroker Andrew Monk of VSA has today served up his third share tip of the year (following from his win with Sula HERE) and it is a real "hell or glory play". it is right now TSX.V listed but there is an AIM listed way to play it. Over to the Monkey...

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1 day ago | By Tom Winnifrith |

Tom Winnifrith Bearcast: possibly the biggest scandal in AIM history to go nuclear this week?

Weekend press reports (not in the UK natch as the British press is ignoring this £2 billion City scandal for reasons one can only imagine) suggest that the FBI is now investigating. Already in France there have been arrests including that of the CEO of Areva - Atomic Anne - which bought AIM & TSX listed Uramin for £2 billion and had written all of its assets off as worthless within three years. There is also a major new investigative book out on the scandal due out on Thursday. I am sure my good friend Jim Mellon will be ordering an advance copy. Elsewhere I look at Vislink (VLK), at the train wreck waiting to happen at Advanced Oncotherapy (AVO), at Fitbug (FITB) and Cloudtag (CTAG) and then finally at SalvarX (SALV) - placing ahoy on this related party express train to planet hype.

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1 day ago | By Tom Winnifrith |

Fox & Eboracum Marble - lets sort this out

I have been alerted by various folk to the fact that a Fox Marble (FOX) customer Eboracum Marble has a First Gazette notice out against it which, according to the knockers, means it is going bust/is a fraud and that Fox will issue a profits warning. This has seen the shares drift to 7.75p. Sometimes before you hit the sell button it pays to make a few phone calls. Which is why you should buy the shares today.

48 minutes ago | By ShareProphets |

New sessions at UK Investor with Tom Winnifrith on Cloudtag and David Lenigas on Africa and UK Oil - new ticket offer

We are delighted to announce that UK Investor will be running two new sessions covering two companies of massive investor interest. The show takes place on April 1 (no joke) in London and already boasts a top panel of keynote speakers including Britain's Buffett Nigel Wray, top fund manager Mark Slater, the Queen of Tech Vin Murria, the UK's top share blogger Paul Scott and the UK's oldest fund manager as well as top bears Lucian Miers, Matt Earl and from New York Gabriel Grego and the Sheriff of AIM, Tom Winnifrith.

1 day ago | By David Scott |

If 2017 is going to be like 1932 or 1979, then you not only have to change your portfolio you have to...

Reforming the very nature of capitalism will be needed to combat the growing appeal of populist political movements around the world, the World Economic Forum said on Wednesday. Getting higher economic growth, it added, is necessary but insufficient to heal the fractures in society that were evident in the election of Donald Trump as U.S. president and Britain's vote to leave the European Union.

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1 day ago | By Malcolm Stacey |

Robin Hood, the Eleven Plus and the Chance of a Better Picture for ITV

Hello Share Swipers. Though it horrifies me to think of it, I first watched independent television when I was cramming for my eleven plus. It was at my uncle’s house, as we couldn’t afford a new telly to take the second channel and it must have been sixty years ago. Robin Hood was on.

1 day ago | By Nigel Somerville, the Deputy Sheriff of AIM |

Kenmare – disingenuous trading update

Dual-listed in Ireland and on the LSE Kenmare Resources (KMR) has released what reads like a very positive trading update. Two questions spring to mind here: is it generating cash, and what about the debt position? But the company seems to have chosen to ignore completely its refinancing last year in reporting its finances.

1 day ago | By Lucian Miers |

PureCircle - sell the rally

Purecircle (PURE), the purveyor of stevia products (plant based sugar substitutes) warned on January 5th that first half results for the six months to 31 Dec 2016 were likely to crash into a loss from last years $5 million profit.

7 hours ago | By Nigel Somerville, the Deputy Sheriff of AIM |

Teathers releases Annual Results: where has all the money gone?

Formerly AIM-listed Teathers Financial (TEA) has released numbers for the year to 31 October 2016. They are truly shocking. In its year to October 2015 the group balance sheet sported a net assets value of about £800,000 having raised just over £1 million in the year. That is pretty bad. But as at 31 October 2016 (having raised no further cash) net assets came in at about just under £70,000 with just £658 in the bank. Where did it all go?

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

CloudTag – predictably another conversion by L1, but now warrants being exercised too

This morning AIM-listed CloudTag (CTAG) has announced, predictably enough, another loan note conversion by L1. But in what looks to be a bit of a surprise move, L1 has also elected to start on the warrants too, despite there still being loan notes outstanding. But oh dear, what about the dates…..

1 day ago | By Steve Moore |

WANdisco – one quarter does not an investment make, but offers some encouragement for shareholders…

Shares in ‘big data’ software company WANdisco (WAND) are currently continuing a recovery – this on the back of a concluding trading update for 2016...

1 day ago | By Steve Moore |

Grafenia – “delighted” to announce acquisition, but it looks no panacea to recent woe

Printing company Grafenia (GRA) is “delighted” to announce an acquisition of Liverpool-based Arthur Diamond Design (ADD Signs), seeing it as a first step of “ambitious plans”. Hmmm…

22 hours ago | By Steve Moore |

Goals Soccer Centres – claims “turned the corner”, but sales only “broadly in-line”…

Having asked in September if recovery was well underway at Goals Soccer Centres (GOAL), I note a “Post Close Trading Update” announcement from the company…

7 hours ago | By Malcolm Stacey |

So Long Ashtead. Your Last Share Hike Led Me to Take Hefty Profits

Hello Share Movers. After a long and happy relationship, I’ve dumped all this family’s shares in the tool and plant hire company Ashtead (AHT). There are fair reasons, I feel. Though they are nothing to do with the company itself.

3 hours ago | By Steve Moore |

Hotel Chocolat – argues ‘performed well’, but what about on a like-for-like basis?

Chocolatier and retailer Hotel Chocolat (HOTC) has updated that it ‘performed well’ in a trading statement for the 13 weeks ended 25th December 2016, with adjusted revenue 14.6% ahead. What about like-for-like performance though?...

50 minutes ago | By Steve Moore |

Distil – update on Q3 trading statement as shares soar

Shares in alcohol drinks brands owner Distil (DIS) are currently 26% higher, at 1.45p, on the back of a “Trading update” announcement emphasising “excellent progress” in the company’s most important trading period…