ShareProphets

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


13 January 2017, 10:31 | By Steve Moore |

SIG – trading update review as shares rise

Shares in building products distributor SIG plc (SHI) are currently recovering approaching 11%, above 100p, on the back of a “Trading Update” announcement…

13 January 2017, 09:49 | By Nigel Somerville, the Deputy Sheriff of AIM |

Filthy Forty Taihua – rum’n’coke RNS re AIM Rule 26: Bargepole

And so after its website disappeared at least as early as late November last year and two failed efforts at getting a replacement available so as to comply with AIM Rule 26, ShareProphets AIM-China Filthy Forty play Taihua (TAIH) has finally issued some Jackanory of a statement saying it now won’t be complying until Monday next week. The explanation may seem reasonable, but in context they’re ‘avin’ a bubble.

13 January 2017, 09:44 | By Tom Winnifrith |

Port Erin - NAV statement - just utter tommyrot from Jim Mellon & Co

Flustered by the shock revelations about Diabetic Boot Company HERE, Jim Mellon's Port Erin (PEBI) published a December 31 NAV. Given that it published full year numbers when no-one was watching on 22 December this whiffs of panic. Unfortunately the statement begs more questions than it answers.

13 January 2017, 08:15 | By Steve Moore |

Robinson plc – ‘slight’ profit warning, so why are the shares up?

A trading update from Robinson plc (RBN) includes that “the directors anticipate trading profits for 2016 will be slightly below market expectations”. So why are the shares approaching 10% higher?...

13 January 2017, 08:00 | By Malcolm Stacey |

The Rising Cost of Foreign Travel Could Be a Drag on Thomas Cook's Shares

Hello Share Crushers. I’ve long held that travel operators are not an ideal choice for investment these days. This is based on the view that as people become more internet savvy, they see the economies of arranging their own holidays - thus eliminating the middle man. This makes it very hard to attain growth, and that’s what really drives share prices. And there are now other concerns on the horizon.

12 January 2017, 15:41 | By Tom Winnifrith |

Tom Winnifrith bonus bearcast - Paul Scott you are 100% in denial

Paul Scott gets some things right I gret wrong ( Boohoo!). And he is an incredibly talented analyst and writer and a good bloke. But his reaction to the TrakM8 (TRAK) shocker earlier is just nonsensical and has annoyed me. Paul is just in denial as I explain in detail. No doubt the health guru would also disapprove strongly with my Birthday pudding today which was just amazing.

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12 January 2017, 15:26 | By Nigel Somerville, the Deputy Sheriff of AIM |

Parallel Media – Harwood says thanks very much for the spoof

On Wednesday I called shares in AIM-listed Parallel Media (PAA) as a sell at 30.75p in the face of what appeared to be a BB pump and dump spoof on Tuesday which puffed the shares from 16p up to a peak of 46.5p in the middle, with a “speeding ticket” RNS released later that day. The shares have since come back to 24p mid (last seen), having put in a floor earlier today of 20.5p. Now we have had a NED walking with immediate effect after Harwood Capital had dumped the last of its holding.

12 January 2017, 14:51 | By Tom Winnifrith |

If Slater & Gordon did comedy they'd issue a press release like this...oh they did

Following news of the latest investigaton into it cooking its own books shares in Aussie law firm now trade at 29 cents down from c$8 when it blew £649 million buying 92% the assets of Quindell less than two years ago. Blowing up your balance sheet buying the biggest stockmarket fraud in 30 years is not a smart move. And as such I am delighted to see this release from the Aussie poltroons: 

12 January 2017, 14:50 | By Steve Moore |

STM Group – full-year trading update, how’s recovery from H1 profit warning?

I concluded in August on shares in cross-border financial services provider, STM Group (STM) that for those looking for a small speculation, I reckon you could do a lot worse – and reiterated that in October. The company is now “pleased to announce a pre-close trading update”

12 January 2017, 12:06 | By Chris Bailey of Financial Orbit |

Are the supermarkets hot to shop after their Xmas trading updates?

After being outed by Tom Winnifrith as a non-adherent to the Star Wars doctrine, I turn my thoughts to matters in our galaxy (not far away)…and the bevy of trading updates from supermarkets this week.

12 January 2017, 11:51 | 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.

12 January 2017, 11:40 | By Steve Moore |

AO World – argues “Continued Growth and Strategic Progress”, BUT…

UK and Europe online electrical retailer, AO World (AO.) headlines a trading update for the quarter to 31st December “Continued Growth and Strategic Progress”, though the shares are currently approaching 8% lower, at 170p, in response. Hmmm…

12 January 2017, 10:41 | By Gary Newman |

Premier Oil looks to offer more risk than reward at the current share price

Like many producers, Premier Oil (PMO) has been struggling with debt since the oil price crashed a few years back. Some have managed to refinance the debt on their balance sheets, but for Premier the process has been dragging on for far longer than many expected and hasn’t exactly helped sentiment surrounding the company. Following today’s update though it looks as though that is finally about to be resolved.

12 January 2017, 09:13 | By Tom Winnifrith & Steve Moore |

K3 Business Technology - a most disappointing profits warning but hang on

Having been tipped at a 148p offer price at the start of 2013, shares in K3 Business Technology (KBT) have more recently exceeded 350p. However, they are currently back to circa 240p following a disappointing“Trading update” announcement.

12 January 2017, 09:08 | By Tom Winnifrith |

Tom Winnifrith Birthday Bearcast - where's my ffing ouzo Paul Scott & Chris Bailey's a freak

I start by explaining why Chris Bailey of Financial Orbit is a freak!. it is all to do with Star Wars. Then it is onto TrakM8 (TRAK) following my kerboom article of earlier. I make specific points about Paul Scott's favourite dog but then general points about why company's acquire and why that turns me off.

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12 January 2017, 09:06 | By Nigel Somerville, the Deputy Sheriff of AIM |

FARCE!! Filthy Forty Taihua – second new website blocked, another missive to AIM Regulation

This is descending into farce: almost seven weeks ago we noted that the company website of ShareProphets AIM-China Filthy Forty play Taihua (TAIH) had disappeared. Following two missives to AIM Regulation, finally a new website was notified by RNS on Wednesday but it lasted less than 24 hours before being blocked – one assumes by the Chinese authorities, since the notification was in Chinese. Not to worry, yesterday the company notified another web address for its website but this morning that too has been blocked.

12 January 2017, 08:31 | By Tom Winnifrith, The Sheriff of AIM |

Spunk the Mon(k)ey - TrakM8 disaster acquisition exposed - told y'all

It is my birthday today and the TrakM8(TRAK) supporters club of top blogger Paul Scott, crony capitalist PR man Reg Hoare and tech analyst Lorne Daniel of FinnCap need each to order a bottle of ouzo to send me with a note saying "you were right - you is da king". Subsidiary accounts for Route Monkey have finally emerged and are truly diabolical just as I predicted to hoots of derision from the supporters club.

12 January 2017, 08:08 | 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.

11 January 2017, 15:22 | By Nigel Somerville, the Deputy Sheriff of AIM |

Filthy Forty Taihua – London Busses time as another new website is announced

Oh dear, oh dear. Having been banging on about the disappearance of the company website of ShareProphets AIM-China Filthy Forty Taihua (TAIH) and being pleased to note the announcement yesterday of a nice shiny new site, this morning it seems as though it too is not working. But lo and behold, at 11am up pops the company with another RNS, announcing that it is all change again, and that the new site is to be found at www.thuaplc.com. Nothing for six weeks, and then two come together!

11 January 2017, 15:19 | 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.

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…