ShareProphets

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


18 April 2016, 14:01 | By Nigel Somerville, the Deputy Sheriff of AIM |

Petroneft sack-the-board EGM – the plot takes a new twist

The supplies of pop-corn are topped up and just as well, for today AIM- and Dublin ESM-listed Petroneft (PTR) has announced that now a second sack-the-board EGM requisition has been received - just two and a half hours before the first of those meetings (today at 11.00am). But it gets more bizarre….

18 April 2016, 13:36 | By Tom Winnifrith |

Bingo Bango Bongo - WTF is going on?

As you can see from our coverage HERE I have been a long term bear of Bango (BGO). As far as I can see it is just another jam tomorrow company run by utterly overpaid tossers. But even I am mystified by its share price collapse.

18 April 2016, 13:04 | By Tom Winnifrith |

Galvan loves Optibiotix too

We own the shares so we are totally biased and a reader who owns the shares is also biased too but asked us to get our mitts on a recent report from Galvan on Optibiotix (OPTI) and publish it. So here you are.

18 April 2016, 12:43 | By David Scott |

Unsustainability is a fundamental feature of “Bubble Economies.”

Economic bubbles are sustained only so long as sufficient monetary fuel is being laydaled out. Over time, such economies are characterised by deep structural maladjustment, the consequence of years of underlying monetary excess. Rampant issuance of money and Credit is always at the root of these distortions in investment and spending patterns. Asset inflation and price Bubbles invariably play central roles in fragility hidden just under the surface.

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18 April 2016, 11:51 | By Steve Moore |

Sprue Aegis – “Trading Statement” = a profit warning plus

Smoke and carbon monoxide alarms and accessories company Sprue Aegis (SPRP) has released a “Trading Statement” including that “challenging trading conditions in France, principally due to overstocking, and weaker sales in Germany, due to product certification delays, are likely to significantly adversely impact the group's expected results for this year” as well as that it “has recently identified an issue in certain batteries supplied by a third party supplier that may cause a premature low battery warning chirp in certain of its smoke alarm models sold in the UK and in Continental Europe”. It’s a profit warning plus…

18 April 2016, 10:12 | By Tom Winnifrith, The Sheriff of AIM |

Nyota - share price as insane as board are useless, the panto continues

Noyota Minerals (NYO) says that it expects by the end of this week to have paperwork in place to call an EGM in 28 days time to change the board. Of course it does not need to go through an EGM the board could just do the decent thing and quit and fuck off as it is clear that no shareholders have any faith in the current team who have been overpaid abject failures. 

18 April 2016, 09:31 | By Tom Winnifrith, The Sheriff of AIM |

Lying criminal Chris Oil discusses who owes him cash and his pals in the SAS

There are no photos yet of Chris Oil's imaginary sports cars in Dubai. But his claim to have been the U-18 school boxing champion now looks all the more impressive given how so many of his pals from school are now in the SAS. If ISIS are not backing down when we send in the school boxing also rans into Syria perhaps it is time that Rambo Oil went on a special mission? The Islamofascists would surely shit themselves if they knew that the hardest bloke from the top school for SAS recruiting, Mr Chris Oil, was on his way. 

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18 April 2016, 08:37 | By Tom Winnifrith |

Video: Peter Schiff, Trump & Sanders are right, the US economy is broken

This is classic Peter Schiff with the great man explaining to Alex Jones why he thinks that the US economy is already shrinking and getting worse. In essence Trump is right - the economy is broken. He describes negative interest rates as an admission of failure and warns of an impending dollar slump.

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18 April 2016, 08:36 | By Malcolm Stacey |

The Peppa Pig Rumour that May Bring Home the Bacon.

Hello Share Tasters. I’m just a little old to watch Peppa Pig on the telly. But I know a lot of toddlers who are very keen indeed. The cute porker is half owned by Entertainment One (ETO). And the interesting thing about this company is that there are rumours flying that ITV may be considering an offer although Entertainment has denied that it has actually received a bid at this point.

17 April 2016, 18:17 | By Tom Winnifrith |

Bulletin Board Moron of the week (11/16) in honour of charlatan and snake oil salesman Darren Winters

Darren Winters sent me a lawyers letter in the Autumn for calling him a charlatan and snake oil salesman and threatening me with legal action if I did not withdraw what is a statement of fact. I shall see the Winters bitchez in court and he is a moron for thinking I'd say anything else. Anyhow Winters got another courtroom beating from team Sheriff today so maybe he has learned who not to try to bully. Back to real morons and this week's Bulletin Board Moron of the Week contest where there was only one winner...

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17 April 2016, 17:41 | By Tom Winnifrith |

Tom Winnifrith Bearcast: The bank robber is spot on re Andalas ramp and Project Fear Brexit lies on fuel prices

Dave Whitby of Anadalas (ADL), what was once uber ramp CEB, should be in prison for his crimes against AIM. I have linked at the side of ShareProphets to an article by someone who was in prison once, Brokerman Dan, on Andalas and the old bank robber is bang on the money. In five days this company could be booted off AIM. It wont, I think, but will survive only by doing things that stink to high heaven. I also discuss today's Project Fear lie, this time on fuel prices

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17 April 2016, 16:57 | By Tom Winnifrith |

Allan Biggar leaves the Circle of Trust at Jericho but when will the Worthington walls collapse

Until recently, dodgy Allan Biggar who is currently bankrolling Greenland Mining as a way of reversing Worthington into bankrupt Nuna, has been the respectable face of Worthington (WRN) - its all relative thanks to his membership of Jericho Chambers.

17 April 2016, 16:47 | By Nigel Somerville, the Deputy Sheriff of AIM |

Revisited: Seven Stocks to get suspended where shareholders could lose 100%

For the November issue of the UK Investor magazine (latest issue HERE) I was asked to name seven stocks which could get suspended and where shareholders could lose everything. I thought I’d take a look back over the seven: Jiasen (JSI), JQW (JQW), Auhua (ACE), MoneySwap (SWAP), Rurelec (RUR), Golden Saint (GSR) - all on AIM - and main market listed Kenmare (KMR).

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17 April 2016, 16:44 | By Pizza Hardman Darren Atwater |

Notes from Underground - Happy Belated Birthday

It shows the lack of sentimentality of the ShareProphets team that we let the third anniversary of the founding of this site pass without notice. 6 April 2013 financial journalism covering the City was reinvented. 

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16 April 2016, 18:23 | By Tom Winnifrith, The Sheriff of AIM |

Tom Winnifrith Bearcast 16 April - The lessons for AIM of Phorm & George Osborne lies about mortgage rates for Project Fear

Im not feeling terribly well so this may be the only bearcast of the weekend. We shall see. However I look at the Phorm debacle on AIM which saw £201 million sent to money heaven. I name the guilty men and look at the lessons learned (or ignored if you are AIM Regulation). Then I show why George Osborne is lying about mortgage rates under Brexit as he wages war for Project Fear.

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16 April 2016, 17:52 | By Tom Winnifrith |

Edison: when is your follow up to the worst research note ever ( Buy Slater & Gordon) due?

I am not 100% up to speed on the comings and goings at paid researcher Edison so am unaware if its star analyst The Right Hon Charlie Gibson is still on a police curfew and wearing an electronic ankle bracelet after his spot of bother trying to give a member of the working classes, who happened to be a rozzer, a damn good thrashing. On the subject of convicts (well at least those descended from them) and damn good thrashings I note that shares in Aussie law firm Slater & Gordon (SGH) are now 28 Aussie cents having been A$2.67 on 23rd September 2015 when Edison published a note proclaiming "valuation - considerable upside" and flagging triggers for a re-rating. Hmmm... so that is a fall of c90% in the seven months since that buy note - is that the worst research note of the past 12 months?

16 April 2016, 11:45 | By Tom Winnifrith & Steve Moore |

Norcros trading statement - says will beat forecasts: buy

Branded showers, taps, bathroom accessories, tiles and adhesives group Norcros (NXR) has updated that “underlying operating profit for the year is expected to be marginally ahead of market expectations” and that it looks “well positioned to continue to make further progress”.

16 April 2016, 11:41 | By Tom Winnifrith, The Sheriff of AIM |

Gold & Gold Stocks Bullish Consolidation

Will the rally in gold shares and the gold price continue? Yes. Well that is the view of technical analyst Jordan Roy Byrne of Amanda's pals at Palisade Capital. His most recent video explains why and is below. Natch all TA is bollocks but on this occasion I think he is right.

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16 April 2016, 11:36 | By Tom Winnifrith, The Sheriff of AIM |

Tom & Lucian Miers preparing for a boozy lunch

We were meant to record a video. In fact we did record but something went wrong and the Conservative Club with its cheap beer beckoned. And thus the video short letter appears as a contemporaneous note.

16 April 2016, 11:31 | By Tom Winnifrith |

Going for Gold, Sprott is bullish

Sprott is the world's best known mining investment firm and its had a good first quarter but it reckons that the really good times lie ahead. With c10% of our portfolio now in gold shares I rather agree. But over to Sprott which writes:

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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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