Clearly this is the story of the day. I reflect on this from various angles. I then move onto Franchise Brands (FRAN) shares in which surged 16% forcing a suspension. No insider dealing here guv, walk on, walk on. Then it is onto Bowleven (BLVN), Yolo (YOLO), Starcom (STAR) which I may have called Starvest but I meant Starcom, Van Elle (VANL), Nyota (NYO) and finally the uber dog Advanced Oncotherapy (AVO) which is in freefall. Hah! Death spiral shylocks Bracknor your spoof is not working is it! On the subject of terror I mention that evil bastard Martin McGuinness.You should not speak ill of the dead but for this unapologetic murderer and for those in the media who praise him as a good man I make an exception HERE. Mr McGuinness was a wicked man who sought no salvation in apology and repentance and, if there is a hell, his soul is right now burning at the heart of it.
Optibiotix (OPTI) has announced - not before time we might note- that the demerger of its 52% unit Skinbiotherapeutics and its own AIM listing is underway. I should cocoa. Book building is cracking ahead on the Skinbiotix IPO. Optibiotix currently has an adjusted 52% of Skinbiotherapeutics.
Drowning in debt Avanti Communications (AVN) is 'avin' a giraffe once again with a new announcement of deal with no financials attached which is almost certainly utterly meaningless. Today we head to Kenya.
Chairman of tracking, monitoring and protection technology company Starcom (STAR), Michael Rosenberg, is “pleased to present the final audited accounts” for 2016. The shares have currently responded more than 17.5% lower, to 1.75p. Hmmm…
Well that didn’t take long; 26th October 2016: “Van Elle (VANL), the geotechnical contractor offering a wide range of ground engineering techniques and services to customers in a variety of UK construction end markets, is pleased to announce the admission to trading on the AIM market”. 22nd March 2017: trading update including “delay and deferral of contracts”…
AIM-listed e-commerce play Cloudbuy (CBUY) released its full year numbers for calendar 2016 this morning. Having had a rescue refinancing last year and a change of strategy the question was always whether all the good news announced over the last few years would ever be converted into revenue. The bad news is that it hasn’t yet. By the way, as a general point to the company, if you are going to reference notes to the accounts in the RNS and don’t include those notes people will think you have something to hide. It looks poor.
I explained some time ago why I thought that the management of Bushveld Minerals (BMN) had treated retail investors with clear contempt and why that made the stock uninvestable. In the short term this can go anywhere, in the long run shares in companies run by scumbags usually head south. I wake up and find that the shares are now 7p and so - with a lot of "assistance" from a great broker we can note.
Many AIM oil companies promise the earth, yet in most cases are still no nearer to actually producing anything despite a number of years having passed since their initial discoveries, so it is refreshing to see that there are exceptions to this trend.
With planning despair following trading despair recently, there is now a boardroom change General Meeting requisition at DX Group (DX.)…
Hello Share Smackers. After a long - and for me nervous - wait, the full results for IQE (IQE) are in. And as I predicted on this terrific website, the shares fell on the announcement.
The principal “assets” of Eden (EDEN) are its intangible assets of £5,290,000 and its investment in joke company TerpeneTech of £923,000 which together represent almost 60% of net assets at 30 September 2016.
Dad and I got back from the hospital and were sitting down to lunch. water for me, wine for him. After a morning with a range of Shipmans he deserved it. Who should bound in but the vicar from our old village of Byfield. I told him that I had recently written an article about wringing his neck HERE. He then gushed out a stream of left wing views on Trump, Brexit and other matters that were so barking mad that even my Guardian reading father was a bit taken aback. A bitter attack on Uncle Chris Booker was the final straw. No wonder the CofE is going to the dogs. On the podcast that followed I cover Orogen (ORE) where we are in and backing Adam Reynolds again, Nyota (NYO), Audioboom (BOOM), Andalas Energy (ADL) and Advanced Oncotherapy (AVO).
Cross-border payments network company Earthport (EPO) is “pleased to announce” results for its half year ended 31st December 2016. This is with stated “highlights” including 5 million transactions (prior year corresponding period: 2.7 million) and payment volume of $7.80 billion (prior year corresponding period: $3.95 billion) – and CEO Hank Uberoi emphasising “confidence in our continued growth and prospects”. Why then are the shares currently more than 8.5% lower, at 24p?...
Normally Nigel Wray turns up at UK Investor, talks and leaves. This year - our 15th anniversary party - is different. He will be there from start to finish and when not on stage that opens up a unique opportunity for those attending on April 1. For more than 40 years, Nigel , the man dubbed Britain's Buffett, has been a stockmarket legend for his ability to generate stellar returns not by wild gambling on mining punts or biotech start ups but by rigid value investing. Like the Original Buffett, the Sage of Omaha, Wray is a bottom up value investor who buys and holds. Would you like to know what he thinks is the cheapest share in London? Would you like a one to one chat with Nigel?
ShareProphets AIM-China Filthy Forty play and yet another Lin brothers AIM disaster story MoneySwap (SWAP) has finally released its outstanding FY numbers to March of last year and interims to last September. The shares have been suspended pending results since 21 September last year and under AIM Rule 41 the company had until today to get the suspension lifted or get booted off the Casino. But today we learn that the shares are to remain suspended, yet there is no mention of an impending execution. This is a regulatory shambles – especially when we consider the apparent reasoning.
Noting the balance sheet position (and related-party transactions) suggested continued caution, I previously updated on spoken-word audio platform company Audioboom (BOOM) earlier this month as the shares were recovering above 3p on the back of a “First Quarter KPI Update” announcement. Now BOOM – it’s discounted placing ahoy!...
Telit Communications (TCM) is still the number one most shorted share on AIM, even after releasing final results last Monday that were welcomed by the market and saw the shares soar 14.6% to their peak of 360p on the day. But with 10.5% of the stock out on loan to the alleged “smartest guys in the City” you have to ask yourself “What exactly am I missing?” So began my thought process as I sat down to dissect the accounts. Here are some quick thoughts:
Oh dear, oh dear, I am sorry to have to break the news to WH Ireland (WHI) but a shareholder in the esteemed firm of pensioner muggers has agreed to appoint both myself and Jim Bagot as its "corporate representative" ahead of the AGM on March 30th.
Oh dear, the charlatan Darren Winters who has made millions over the past fifteen years conning poor folks into paying vast sums to attend his worthless courses is having a bad start to 2017. First there was a total slating by the ASA for telling lies to win custom, now we can publish the Judges's verdict in a case we backed where Winters tried to exact money with menaces. The Judge was damning.
I haven’t been following BOS Global (BOS) that closely since the comedy gold video I commented on HERE but note the share price has increased quite nicely in recent months, much to my surprise. I noted, however, an acquisition announced yesterday which included the one thing that annoys me more than any other on AIM, the spoof made-up share price for equity issued as consideration for acquisitions. Let me explain.
The March edition of the UK Investor Show Magazine is live featuring 7 share tips, company profiles, interview with Richard Poulden of PCGE, why we fight fraud & fake news on Channel 4, Donald Trump, Marine Le Pen, a look at the banksters and much more.
Well this is a company that will sponsor any old crap and let's face it, 95% of Bulletin Board Morons post on the LSE Asylum. As the countdown to the fraud Cloudtag (CTAG) being booted off AIM next week accelerates you kind of sense which stock will be the focus of most entries. The competition rules are simple. Just nominate the daftest post on a BB or on twitter in the comments section below. Once again, our in-house semi-trained loon Wildes is allowed to nominate his own posts. The deadline for entries is midnight on Sunday 26th March. Post away!
The asset strippers who own Master Investor tried to persuade companies exhibiting at Nigel Wray's UK Investor Show to jump ship, promising them that 5,000 attendees would cram into a hall holding less than 3,000 folks. Well here is a photo below of the asset stripper himself, Jim Mellon, staring out on rows of empty seats. In light of that I invite you to examine the photo and offer up a suitable caption. The deadline for entries to be posted in the comments section below, is midnight tonight, Sunday 26th, the day after Master Investor died. RIP.
It is the top of the market so a range of City folks are getting away with behaviour which is, at best , utterly unethical. I name names as I list 10 such offences against basic decency and in some cases the law. And I warn those who are guilty that they will face a backlash and I explain why.
After Saturday's debacle in Islington, there is clearly just 1 major event to go to for those who want to make money from shares - UK Investor Show. To meet more than 120 growth companies and to hear the most amazing cast of speakers you have to be there on April 1 at the QE2 Centre in London. There is just one show to go to so BOOK NOW and join 3,000 other people who want to make money from shares.
This is becoming almost routine. After hours on Friday PrimaryBid announces a material placing opportunity for its members. This weekend it is Premier African Minerals (PREM) which is raising £1.5 million at 0.5p.
I really should not be giving the oxygen of publicity to the half witted duo that is PR Genius Steffi and Sith Lord Zak "Judas" Mir but just to point out how corrupt they are here goes - if you are made of stern stuff there is a video below..
Cloudtag (CTAG) has fessed up to dismal results and to the fact that it cannot get a Nomad to act for it and sign off on its lies and thus its shares will be booted off the AIM casino tonight. It talks of a relisting in the future but then it was telling us just the other day that it would get a new Nomad. But having had since January 10 it has failed. No one will act for this fraud. It is game over.
Gold seems to be tracking sideways pro tem but that does not mean that gold shares will track sideways too. You can make big returns in such a climate claims Steve Todoruk a senior figure within Sprott, the world's leading investor in resource stocks. Steve opines:
It seems as if my father has drunk all the ouzo. Who can blame him? But how will I celebrate if the fraud Cloudtag (CTAG) is booted off AIM today? Join in the fun with our Cloudtag termination clock HERE. Elsewhere I look at Bowleven (BLVN), gosh I loathe its management team, Advanced Oncotherapy (AVO), also run by tossers, and Strategic Equity Capital (SEC).
I owe a lot of my success in investing to Steve Nicandros, CEO of Frontera Resources (FRR), having spoken to him in great detail about his company and investing a lot of money in it as a result.
AIM-listed gold and silver in Turkey play Ariana Resources (AAU) has announced the first gold/silver pour at its new joint venture Kiziltepe plant in Turkey. It has been a long road but this marks the moment when Ariana completes the transition from explorer to producer – cracking news for head honcho Kerim Sener and his team. So what now?
Ho ho ho. Even as it faces insolvency those wags at Advanced Oncotherapy (AVO) do so with a sense of humour as they try to spoof us all with news of an even more desperate financing which will keep the lights on until late June. Dr Michael Sinclair you should go on the stage. You really are a hoot.
Tension is mounting for those of us who follow the AIM fraud of the year that is Cloudtag (CTAG). Will any Nomad be so desperate for money that it agrees to act for this company and sign off on its lies? We will find out very soon indeed. So, perhaps for the last time, this contest is in honour of the Onitor groupies. As ever the rules are simple: Just nominate the Bulletin Board post, tweet or video starring the Sith Lord Zak "Judas" Mir that displays complete insanity by posting it in the comments section below. The deadline for entries is midnight on Sunday 2nd April. Post away...
The fraud Cloudtag (CTAG) is almost certain to be booted off the AIM casino tonight. I will also miss it such have been the deranged comments that it has prompted. Last week's contest was sposnored by the LSE Asylum and generated stacks of quality entries as you can see HERE. But the winner, spotted by Warun Boofit was in a class of its own as you can see below
We are already well ahead on this share tip. But we can still see it doubling from here!
Premier African Minerals (PREM) was a company that I had high hopes for a couple of years back, but since then it has largely failed to live up to expectations on the operational front – especially in terms of producing revenue.
Together Robert Sutherland Smith and Tom Winnifrith have now been working in finance for 71 years - the last ten or so together. Tom wishes to stress that RSS accounts for most of that, the great value investor starting his City career at the Unilever Pension Fund the year before Tom was born. In this book they outline 71 tricks of the trade for making money from shares.
Get the first ShareProphets Pocket Guide ebook, EIS - Buying shares with numerous tax breaks. Want to cut your income tax bill, get loss relief if your AIM listed shares go down, pay no CGT, avoid IHT - EIS could be the way and this book explains how.
Most investment books seem to be large enough to keep the front door open and while some contain gems it is hard to find them amid the verbiage. The aim here is to produce a short guide which simply cuts to the chase. I hope that it will provide food for thought for everyone from beginner to expert but whoever you are it should be quick and easy to read and digest.
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