ShareProphets

Sunday 25 June 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


6 June 2016, 13:48 | By Graham Neary |

Software Radio Technology - Sailing into Profitability

This morning saw encouraging final results from Software Radio Technology (SRT), a provider of “maritime domain awareness technologies”, i.e. radios and related products for seaborne vessels. It claims to be a world leader in tracking systems for ships and the 3D display of maritime data.

6 June 2016, 12:16 | By Tim Blackstone |

Buy Avingtrans

You probably have never heard of Avingtrans (AVG). Headquartered in a business park in a sleepy village near Huntingdon it is an investment jewel in what little remains of Britain’s once mighty engineering industry. It doesn’t waste time beating the drum in the City. It just gets on with designing, manufacturing and supplying critical components, paying dividends, and building its business before capitalising on its successes.

6 June 2016, 11:50 | By Steve Moore |

Hardide – half-year results dire, cash crunch & thus (explicitly) fundraising ahoy!

Half-year results (to 31st March 2016) from Hardide plc (HDD), a company which “develops, manufactures and applies advanced technology tungsten-carbide coatings to a wide range of engineering components… Customers include leading companies operating in oil…” Uh oh...

6 June 2016, 10:51 | By Tom Winnifrith |

Tom Winnifrith Bearcast: On the toast rack are CIC Gold, xCite and Gulf Keystone & what's happening at TrakM8?

There may not be a bearcast tomorrow. It is all down to the arrival of the Mrs as I explain. Meanwhile I look at Gulf Keystone (GKP) and XCite (XEL). The best time to kick a man is when he is down. So says Evil Knievil. And that applies to these two oilers where events are moving fast and the shares are near enough certs to be toast already. CIC Gold (CICG) is in an even worse state and today's RNS is a shambles. The curse of boy scout mugger Stuart Bromley strikes again. It is doomed. Then I discuss what, if anything, is wrong at TrakM8 (TRAK). Then a question raised by the share price move on Friday at ADVFN (AFN).

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6 June 2016, 10:10 | By Tom Winnifrith |

Premaitha at 8.6p worth 20p says FinnCap in initiation note

Finncap is joint broker to Premaitha (NIPT) so is clearly biased. We own shed loads of the shares so are we. So feel free to ignore it all but here is FinnCap's pretty detailed initiation of coverage note.

6 June 2016, 09:56 | By David Scott |

Dodgy US jobs numbers try and hide a US economy careering into recession

 Friday's U.S. jobs numbers on close inspection are a hot bed of contradiction and to some a sign that even the US (just as the Chinese do with their GDP numbers) will manipulate official numbers if the stakes are high enough. Officially this month the unemployment rate plunged from 5.0% to 4.7%, the lowest since August 2007- on the surface very attractive. But only 38,000 new jobs were created, as the working age population rose by 205,000 and as the two previous month’s numbers were revised significantly downward, giving evidence that 484,000 people who were unemployed last month are no longer unemployed this month.

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6 June 2016, 09:47 | By Tom Winnifrith, The Sheriff of AIM |

Three weeks after Avanti Communications told a monstrous lie - how is its bailout refinancing going?

On May 16 Avanti Communications once again (AVN) lied to its investors. Since then it has been scrabbling around trying to complete an emergency refinancing. As the shares have tanked from 90p to 64p (and falling) since the lie is it unfair to ask the company and its bombastic CEO David Williams how things are going? First, however, lets look at the lie.

6 June 2016, 09:17 | By Tom Winnifrith, The Sheriff of AIM |

Gable Holdings – A classic case of ( a £15 million) reward for failure for greedy pig CEO William Dewsall

At the end of 31 December 2014, AIM dog with fleas Gable (GAH) had retained earnings (it has never declared a dividend) of £6,906,000 comprising retained earnings of £5,956,000 and a share based payments reserve of £950,000 over its circa 10 year history.  

6 June 2016, 09:11 | By Gary Newman |

Highland Gold offers a good leveraged play on gold prices

Highland Gold (HGM) is well worth a look at the moment with the recent rally in commodity prices expected to extend at least throughout the rest of the year.

6 June 2016, 09:08 | By Malcolm Stacey |

Pipes and Roads and Drains - Not a Burt Bacharach Song, But Possibly a Tasty Punt.

Hello Share Magnates. Time to take another peek at Hill and Smith (HILS). One reason is that most of its income comes from Britain and America. So a Brexit vote should not make much difference. This Midlands company builds roads. It also does pipes, drainage outlets, security hardware. crash barriers and fences. I last looked at this outfit 4 months ago. The share price has risen from 778p then to its present level of 910p. Still room to grow some more, in my view.

5 June 2016, 13:07 | By Tom Winnifrith, The Sheriff of AIM |

Bulletin Board Moron of the Week - I am Spartacus, No you are all Tom Winnifrith

Cynical Bear has discovered a gem of madness on the LSE Asylum. It seems that if anyone posts a bearish piece on this website it does not matter who the author is named as, the piece was actually written by me, Indeed I am a busy chap because such loons are also convinced that I spend my entire day posting bearish comments on various bulletin boards under various nom de plumes. Hmmmmm why get paid to write when you can post crap for free...why didn't I think of that before?

5 June 2016, 12:59 | By Tom Winnifrith |

Tom Winnifrith Bearcast: Inspired by a wavering wife: the full case for Brexit on June 23

My wife is wavering as to how she should vote on June 23rd. I hope I answer her points in this podcast as well as many others and explain why a Britain outside the EU would be better off, more democratic and more open to being part of a wider world. A free Britain can stand on its own two feet and thrive and be a far better member of the world community. I do hope that you all ignore the horrible smears and lies from Project Fear and vote, as I have done already, for Brexit on June 23.

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5 June 2016, 12:55 | By Tom Winnifrith & Steve Moore |

Begbies Traynor - good bolt on: buy

Begbies Traynor (BEG) has announced an initial £2 million, and up to £4.625 million, acquisition of Pugh & Co, the largest firm of commercial property auctioneers operating outside of London, with regular auctions held in Leeds and Manchester.

5 June 2016, 12:54 | By Pizza Hardman Darren Atwater |

Notes from Underground: Who are the real rats and snakes?

Over on TomWinnifrith.com, Tom writes about the latest person who has annoyed the Daily Mail (and thus, Tom), drinking ouzo down the Kambos pub, and waging the WW III against snakes and rats.

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5 June 2016, 12:16 | By Tom Winnifrith & Steve Moore |

Fox Marble Results - no shock we knew they would be poor: the shares remain a buy

Having previously warned, calendar year 2015 results from Fox Marble (FOX) are unsurprisingly “disappointing”, though the Kosovo and Macedonia quarrier emphasises that it is now“seeing the results of our efforts in establishing our product in key marketplaces throughout the world and the benefit or having our marble actually installed in developments”.

5 June 2016, 12:04 | By Cynical Bear |

The Lord Razzall Resignation BOX set (Part 4): A Sunday lunch quiz - 10 questions for the Lordship

I’m bringing this BOX set to a close with a set of questions for Lord Razzall to answer that summarises the plethora of issues raised in my various articles on Boxhill Technologies (BOX). Shouldn’t take him too long to answer over his roast beef and I reckon any more than 5 incorrect answers and he should do the decent thing.

5 June 2016, 12:03 | By Tom Winnifrith |

In Gold We Trust 2016 – Gold Headed for $2,300

Is the current pull back a correction in a new bull market or is this a fake rally? Will price inflation keep rising? Will we see stagflation going forward? What effect will Federal Reserve interventions have on the markets? Are we moving to a cashless society? What is gold’s role in the permanent portfolio?

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5 June 2016, 12:03 | By Tom Winnifrith |

Conman Simon Petherick of House of Britannia hoodwinks Daily Mail big time

Conman Simon Petherick of House of Britannia is up to his old tricks. His company has bought another outfit Best Of Britannia Retail, which says holds exhibitions promoting British-made products. But the deal is far from what it seems. It is a con. Yet the Daily Mail says this is a move ahead of a £6 million ISDX listing. Whatever. Now, for Daily Fail reporters who are too fecking lazy or stupid to do basic research let;s deconstruct their hoodwinking. The Mail states:

5 June 2016, 12:02 | By Graham Neary |

Micro-caps - Don't buy unless you're willing to hold

Yesterday I covered Norman Broadbent (NBB), arguing the pros and cons of making an investment at this point in its history. Regardless of these pros and cons, it’s an example of the type of AIM stock, from a more technical perspective, which investors need to be cautious of. Let’s go over the basics of liquidity.

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4 June 2016, 14:01 | By Tom Winnifrith |

There he goes again, Malcolm blaming Brexit for everything - he is just plain wrong

Last time it was the slowdown in house prices. Today it is the fact that UK equities are not rocketing that Malcolm Stacey is blaming on Brexit fears. His fellow Guardian reading Euro loons blame Brexit for slowing UK economic growth while Dodgy Dave blames it for an increased chance of World War Three. Maybe it is Brexit that is causing Cheryl Cole not to head out to the Greek Hovel for a night of passion with me?.Bloody Boris, you bastard: it is all your fault that I am not playing jiggy wiggy with the UK's leading chanteuse tonight.

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9 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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6 days ago | By Malcolm Stacey |

New Insurer on the Block Conquers Growing Market for Brits Abroad

Hello Share Bottlers. You may, or may not, have noticed that I currently favour insurance companies. And following my own advice for once, I am now sitting on cracking profits on two of the biggest, Legal & General (LGEN) and RSA (RSA). I would still commend both these entities to your further inspection. However, I now turn the spotlight on a smaller, newer and more specialised insurance player.

6 days ago | By Tom Winnifrith |

Rockpool Acquisitions IPO - a new member of the Sub Standard XI? I fear I can't SUFTUM

The demise of so many Standard Listed companies means that poor Cynical Bear has some big holes in his Sub Standard List X1 squad. But fear not, from God's chosen lands of Northern Ireland here comes Rockpool Acqusitions which will list in early July having raised £1.5 million at 10p.

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6 days ago | By Darren Atwater |

Winner of the Bulletin Board Moron of the Week contest - sponsored by Jim Mellon's Diabetic Boot Company

Our nominations usually come from LSE.co.uk, ADVFN.co.uk, III.co.uk, and sometimes the FT. But this is the first time that our winner comes from the world of academia. And no, the author is not Tom's sociology lecturing Mrs

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9 hours 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 Steve Moore |

Microsaic Systems – from in December sales to be “substantially ahead” of 2016’s, to now “significantly lower than for 2016”

“Trading Statement” announcement from Microsaic Systems (MSYS) includes Chairman Eric Yeatman commenting “we are very encouraged with the progress since our 21 March 2017 update, when we introduced our biopharma strategy, specifically around bioprocessing. We are engaging with several of the leading players in the global market for bioprocessing equipment”. However, the statement also includes that “the company now expects its H1 and full year 2017 revenue to be significantly lower than for 2016”. Hmmm…

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

Servision and that breach of AIM rules with the delayed (lack of) profits warning - is it even worse that we thought?

I have been deeply troubled by the most recent lack of profits warning from AIM listed worthless POS Servision (SEV). My initial view, expressed HERE, is that in not admitting to order slippage from December for almost six months it had committed a massive breach of AIM Rules regarding timely disclosure of price sensitive news. But I fear it may be far worse than that.

6 days ago | By David Scott |

The question of a soft or hard Brexit does not lie within UK politics

The question of a soft or hard Brexit does not lie within UK politics but with the priorities of the EU. The EU’s number one priority is to avoid setting a precedent of successful exits – the UK election result does not change this. What is clear, however, is that Mrs May is no longer in control of the outcome; parliament will decide on whatever deal emerges.

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6 days ago | By Tom Winnifrith |

Fusionex shares up 55% at 61p - WTF? Fear not

In seven days time shares in Fusionex (FXI) the drowning in red flags tech company from the Norfolk province of Malaysia will be delisted from the AIM Casino. Yet the shares are up by 55% today at 61.5p. WTF?

5 days ago | By Malcolm Stacey |

Blistering Performance of IQE Shares, But I'm Not selling Yet

Hello Share Scrimpers. When one suggests a share which becomes a two-bagger plus, there is a bit of a duty to keep readers appraised of developments. That is to examine whether it looks like enough is enough and it's time to consider taking profits. In the case of IQE (IQE) though, this is perhaps not the case.

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

Condor Gold Nicaragua Court No Show as it bullies peasants opposing La India Mine

Condor Gold (CNR) has still to inform its long suffering investors of the enormous opposition it faces on the ground as it tries to develop the La India gold mine in Nicaragua. Perhaps it is because CEO Mark Child knows that his company is acting like fascist bullyboys in the way they deal with poor local peasants. Child's actions probably impress his offshore based asset stripping millionaire mates but in the wider world the mood is changing and robber capitalism is not so cool any more. So what is overpaid and underperforming Mark not telling you?

6 days ago | By ShareProphets |

Precious Metals Video Update: Downside Risk Increasing

In light of base rate increases in the US, technical analyst Jordan Roy Byrne is getting more cautious on the outlook for gold and precious metals. From a fundamental as well as a TA perspective he explains why in the latest podcast from Palisade Capital.

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6 days ago | By Steve Moore |

Plant Impact – Third Quarter Trading Update far from routine…

“Third Quarter Trading Update” announcement from Plant Impact (PIM). Sounds routine, but the shares are currently more than 12% lower at sub 40p…

6 days ago | By Steve Moore |

Filtronic – year-end update, following prior ‘ahead of expectations’ announcement…

Electronics products for the wireless telecoms infrastructure and related markets-focused, Filtronic (FTC) is “pleased to provide” a trading update for its year ended 31st May 2017 – and the shares has responded slightly higher towards 13p...

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

Are we starting to see the revenge of the exploited AIM private investor? Or are they being double duped

Few, other than the clowns such as Marcus Stuttard at the LSE, can argue against AIM having delivered absolutely dreadful returns for investors. Since its launch the AIM Index is down by 5.4% (dividends included). The FTSE 100 has doubled over the same period and the FTSE Small Cap Index is 250% ahead. Actually the numbers are even worse. Strip out a handful of massive winners like ASOS and Domino's Pizza and the AIM Index is into double digit losses. But are private investors who have born the brunt of this wealth destruction now getting revenge with spate of attempted boardroom purges? Yes and No.

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5 days ago | By Steve Moore |

Flowgroup – from “actively pursuing” sale to that business being the “primary focus” of the company in just a few months

Flowgroup (FLOW) has updated following a “successful re-capitalisation of the company”. Hmmm – having commenced 2017 at comfortably above 8p and been above 3p prior to a financing announcement last month, the shares have this month fallen below 1p...

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

Fusionex - last day to sell, Nomad quits, homophobic ADVFN moron J777J19 have fun!

As I had suggested might happen several times, Nomad Stifel has resigned the Fusionex (FXI) account. It could not wait for the AIM delisting on the 26th. Instead it gave notice after hours yesterday that it was quitting as Nomad and Broker with effect from 5PM today. Hooray.Game over.

10 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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10 hours 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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1 day ago | By Tom Winnifrith |

Tom Winnifrith - the shares that are my 18 holdings: the non dirty dozen and a half

Okay I do not own these shares personally. I case anyone is thinking of going for me in a libel case I own nothing but FIML, owned by my family trusts, has built from scratch a fairly sizeable portfolio of 18 stocks. For what it is worth here they are in descendeing order of current value.

1 day ago | By Cynical Bear |

Echo Energy: The “Cornerstone Investor” leaving so soon – surely not?

My second piece on insiders cashing in and odd TR-1’s is, very predictably, looking at Echo Energy and, in particular, the two late RNS’s on Friday afternoon which show that the “Cornerstone Investor”, Greenberry plc, is offloading shares and warrants all over the shop and appears to be almost giving them away too – what a charitable sort! Let’s take a look.

1 day ago | By HotStockRockets |

Minoan share price weakness - panicking? No - Time to BUY

Shares in Minoan (MIN) were up a smidgeon Friday but have been heading the wrong way all week. At the time of writing they are 7.5p-8.5p - a spread wide enough to drive a bus through. Market makers really do take the piss on occasion if not most of the time. Anyhow is anything wrong? Let's deal with the various rumours sent to us by email.

11 hours ago | By Steve Moore & Tom Winnifrith |

Reach4Entertainment - Stoller resigned from board stays with Spotco - what next

We had heard that there were boardroom, er discussions, underway at Reach4 Entertaiment (R4E) and thus it is no great sutprise to see that David Stoller is to step down as Executive Chairman and as a director as of September 30.

1 day ago | By Cynical Bear |

Red Leopard Holdings: Congrats to Mr Akers – he could be an AIM millionaire (again)!

A couple of pieces this weekend on similar themes, namely insiders cashing in and unusual, or complete lack of, TR-1s. This first article looks at the astonishing amount of money seemingly made in no time at all by Chris Akers at Red Leopard Holdings (RLH).

1 day ago | By Malcolm Stacey |

Crazy Times Call for Sensible Precautions - Keep Your Selling Finger Poised.

Hello Share Pokers. If any more evidence was needed that we live in strange times it is this weekend’s news that the Bank of England was investigated by the Serious Fraud Office. I ask you!

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12 hours ago | By Tom Winnifrith, The Sheriff of AIM |

Tom Winnifrith: I lied to you - I have a 19th share, I'm 99.75% down in four months and over the moon

Yesterday I revealed to you the 18 shares I own and thanks for all the comments. For the avoidance of doubt that portfolio started at zero four and a bit years ago and we have more than trebled our money to date. It happens. But I lied to you, the portfolio is incomplete. I own two other shares. 

1 day ago | By Steve Moore |

Table of shorted AIM shares - week to 23/06/2017

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...

1 day ago | By Tom Winnifrith |

Video: Bearish on markets, short term mega bearish on uranium - Rick Rule

In the latest video podcast from Palisade Capital, perhaps the world's best known resource fund manager, Rick Rule of Sprott, discusses the surprising lack of volatility in the markets and with the various worldwide challenges one would expect it to be much higher. He is not optimistic when one looks at the collective balance sheets of governments with their underfunded pension plans and is acting on the assumption that the markets will get more volatile.

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11 hours ago | By Steve Moore & Tom Winnifrith |

Petropavlovsk - the dodgy Russians win, Hambro et al out, what to do...

Rather as in the general election we found ourselves on the losing side at the Petropavlsovsk (POG) EGM. Peter Hambro and all bar two of the old board are out and nominees of the dodgy Russian shareholders are in. How should one view this?

1 day ago | By Steve Moore |

InterQuest – management-buyout attempted robber barons struggling on acceptances

The attempted robber barons of the InterQuest (ITQ) management buyout team (at Chisbridge Ltd) have made a “Level of Acceptances Update & Extension of Offer” announcement - and the independent director at InterQuest has responded…

11 hours ago | By HotStockRockets |

Falanx - very odd share price moves ahead of results date: upgrade of stance to BUY

Shares in Falanx (FLX) were almost 10p a month ago. The other day they were 6.25p to sell. What on earth happened? What fundamental event caused the company to lose more than a third of its value? Of course there was no such event. Price does not equal value.

11 hours ago | By Lucian Miers |

Bellzone Mining equity is all but worthless - do you know about the China crooks?

Bellzone Mining (BZM) was floated by Canaccord in 2010 (on April Fool’s day as it happens). It raised £30 million at 35p to fund the development of an iron ore project in Guinea, West Africa, the baby of Aussie entrepreneur Nikolajs Zuks, valuing the company at £184 million. Seven years on the company is still in the feasibility stage, having spent $336 million of shareholders’ money and, with the share count having more than tripled, the market cap is £33 million.

13 hours ago | By Darren Atwater |

Notes from Underground: On fire but not getting burnt

The standout story of the week is Tom Winnifrith - the shares that are my 18 holdings: the non dirty dozen and a half which not only takes the top spot, it only went up yesterday and easily blew past every other story as it was Tweeted and passed around the bulletin boards. It can be crazy when a story catches fire like that.

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