ShareProphets

Wednesday 22 February 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


17 February 2017, 09:21 | By HotStockRockets |

Kefi Minerals Fund Raise - grit your teeth and buy

This Kefi Minerals (KEFI) share tip at a 0.58p offer has not been a good one so far. We apologise and as shareholders share your pain. The shares are now 0.34p-0.36p. We took more shares in this fundraise at 0.33p on the view that the underlying value is c1p per share. So what has happened?

17 February 2017, 08:21 | By Steve Moore |

Fitbug – this time RNS Reach joke (sorry, ‘announcement’) seen for what it is

Having seen its shares soar last month on its previous RNS Reach announcement, enabling a placing before the shares completely slumped back, Fitbug (FITB) has now released another – claiming it “would like to share some insights and findings from a recent case study, following a pilot wellness programme with MTR Crossrail”...

17 February 2017, 08:20 | By Malcolm Stacey |

Picture Giant's Share Price Frames Itself Again. Now for some More Northerly Action

Hello Share Squirmers. There was a rather unnerving fall for shares in Photo-Me (PHTM) in the middle of last month. It was based on a scare story that the quality needed for official id photos could be provided by mobile phones and so could be something of a challenge in the future for automatic photo machines.

16 February 2017, 17:00 | By ShareProphets |

The January edition of the UK Investor Magazine is live 7 share tips and much more

The January edition of the UK Investor Magazine is live featuring 7 share tips, company profiles, and what to do with the Dow at 20,000 plus much more.

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16 February 2017, 16:38 | By Cynical Bear |

Xtract Resources – Just when you thought it was safe to get back in the water…..an almighty PUMP and DUMP!

I started writing this article on Xtract Resources (XTR) yesterday morning and was going to comment on how sentiment was turning and Colin Bird’s straightforward approach in recent RNS’s was to be applauded and then – WHAM - a placing RNS from hell and I’ve had to rewrite the whole piece. Thanks Colin!

16 February 2017, 15:36 | By Tom Winnifrith |

Tom Winnifrith Bearcast: I stand corrected, the CEO was not in the bath & killers gorge, political correctness gone mad

After the Slater & Gordon (SGH) bearcast earlier you may have thought that I was sleeping off half a bottle of ouzo. Au contraire, I have been touring the Mani with George the Architect, the man who helped me to expose InternetQ last year. We went past Killers Gorge. Why can't you kill unsuitable boyfriends of your daughter or sister any more? As my daughter prepares to turn 16 this year I sadly conclude that this is yet another example of political correctness gone mad.  In terms of stocks I offer a couple of corrections on Tracsis (TRCS) after yesterday's bearcast then look at Xtract Resources (XTR), Ascent Resources (AST), FastForward (FFWD), the over ramped hype company with which my good friend Jim Mellon is involved, Cobham (COB), Infrastructure India (IIP) and also the fraud Cloudtag (CTAG). And I refer to a drooling Evil Knievil ref THIS ARTICLE.

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16 February 2017, 14:58 | By Steve Moore |

SimiGon – profit warning, but reckons all good going forward. Hmmm…

“Trading Statement” announcement from simulation technology company SimiGon (SIM) includes that “the company remains optimistic in its outlook and confident in its existing forecasts for the current financial year” and “great revenue and profit visibility for 2017 and beyond”. So why are the shares currently sliding back below 20p?...

16 February 2017, 13:11 | By Nigel Somerville, the Deputy Sheriff of AIM |

CloudTag – L1 finishes loan conversion. Now for death-spiral-on-steroids warrants. Sell!

AIM-listed CloudTag (CTAG) has announced the conversion of the final little bit of loan notes held by death spiral provider L1, at 4.5p. The shares have raced ahead, even though this only marks the half-way point in the share price carnage caused by the package. Indeed, it may not even be half, for the warrant exercise terms are far more favourable than the loan conversion terms (from L1’s perspective).

16 February 2017, 13:10 | By Nigel Somerville |

Ariana – company chat clearing up a few misunderstandings

I said at the weekend that having several times met Kerim Sener, MD at AIM-listed Ariana Resources (AAU), I felt that he was the exception to prove Mark Twain’s rule. In recommending Ariana (1.85p on the offer at the time, so I’m happy to see the shares now on a spread of 2p -  2.15p) my view was that plant completion, production and therefore cashflow were imminent. We’ve had the completion RNS and we now await the paperwork to allow everything to roll. But who gets first dibs at the bunce?

16 February 2017, 12:04 | By HotStockRockets |

Collagen Placing and Open Offer - go for it!

On recommending shares in Collagen Solutions (COS) at the end of 2016 we noted that the company is understood to be investigating the possible use of debt financing, though this is a risk here.  It has now announced a financing potentially to provide “sufficient working capital to fund the group until it achieves cash flow positive operations”

16 February 2017, 11:39 | By Steve Moore |

Cobham – there was worse to come, much worse…

Reviewing last month from Cobham (COB) ANOTHER profit warning I concluded, with the shares at 140p, that there could be worse to come and that it was a bargepole stock. Now, on the back of a further update, the shares are currently heading towards 100p…

16 February 2017, 08:46 | By Tom Winnifrith, The Sheriff of AIM |

Watchstone - the Curse of Rob Terry; legal bother in Canada

I have flagged up many times before that the Hubio (formerly known as the fraud Himex) and Ingenie operations in Canada faced serious issues because they had simply failed to deliver product as promised to major customers such as Aviva. Now it is out in the open with writs flying both ways. Oh dear...this is not going to end well for Watchstone (WTG), the legacy of fraudster Rob Terry strikes again.

16 February 2017, 08:42 | By Tom Winnifrith, The Sheriff of AIM |

Waseem Shakoor - Grab your one and only chance to kick out Bowleven's useless board

The great Northern bear Waseem Shakoor owns just over 1% of Bowleven (BLVN) and has been a long term critic of its useless board led by the grossly overpaid Kevin Hart. He has written an open letter to his fellow shareholders urging them to back Crown Ocean Capital and oust the board. I agree - as I usually do - with Waseem. Over to the great bear and professional Northerner:

16 February 2017, 08:35 | By Tom Winnifrith, The Sheriff of AIM |

Tom Winnifrith Bonus Bearcast - It's a 7.14 AM ouzo O'Clock as Slater & Gordon crashes again

Oh dear. Oh Dear. Another trading statement from Aussie law poltroons Slater & Gordon (SGH) and it is grim all round. The shares - A$8 when the fraudulent businesses of Quindell (QPP) were bought - are now 20 cents. And they will go far lower IF a debt for equity swap is agreed and that is the best case scenario. The Rob Terry Quenron businesses are now shown as worthless, another day of V for Vendetta, Vengeance and Vindication for the Sheriff of AIM. Crack out the ouzo and make mine a large one!

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16 February 2017, 08:17 | By Tom Winnifrith & Steve Moore |

Veltyco cracking update - increase targets

Our 35p offer price share tip of Veltyco (VLTY) last month is looking good after another cracking trading update. There is more to come.…

16 February 2017, 08:14 | By Malcolm Stacey |

The Sula Principal or How I Bought a Mining Share Without Checking All the Facts

Hello Share Trimmers. Though I usually research stocks very carefully, I am one of those idiots that, once in a blue moon, invests in a company I know little about. You get a gut feeling sometimes and somehow don’t want to spoil it by too detailed an examination. One such share for me is Sula (SULA), the gold and iron miner. I saw a glowing piece on this magnificent website not so long back on this stock.

15 February 2017, 15:08 | By Nigel Somerville |

CloudTag – another L1 conversion. Has it almost finished trashing the share price? Er….

Shares in AIM-listed purveyor of fictional guaranteed orders for fictional not guaranteed products CloudTag (CTAG) has announced the latest confetti-issue to L1 under the death-spiral loan deal. £300,000 worth of loans converted at 4.5p leaves just £100,000 left over. The shares have shot 15% higher on the news: the BB loons obviously think it’s (nearly) all over. I’ve got bad news there….

15 February 2017, 14:51 | By Steve Moore |

Avon Rubber – CEO ‘steps down’ with immediate effect, a cause for concern?

Shares in Avon Rubber (AVON) are currently down approaching 4% back below 1000p on the back of an announcement including that, having only joined in December 2015, CEO Rob Rennie “has stepped down… with immediate effect”. A cause for concern?...

15 February 2017, 13:01 | By Tom Winnifrith, The Sheriff of AIM |

Did Pirate Pete Landau use Range Resources cash to pay off other debts of his?

A major shareholder in Range Resources (RRL) who was , in the good old days, a major ramper of the stock on Aussie chatrooms has made some quite extraordinary claims about how Pirate Pete Landau appeared to use Range cash to pay off other debts he had racked up. This was posted on an Aussie chatroom on behalf of David Scanlen the victim here. My source verifies that these claims are genuine. If true. they are extraordinary and beg questions aboout how Range's current management appear not to be making claims against the Pirate - who is clearly in deep trouble already. The post follows:

15 February 2017, 12:30 | By Nigel Somerville, the Deputy Sheriff of AIM |

Filthy Forty Jiasen – EGM passes delisting motion, no NEX application filed, might go for HK instead (or not….)

That’s it then, ShareProphets AIM-China Filthy Forty play Jiasen (JSI) is to leave the Casino, with the last day of dealings on the 27th of this month. If you still hold, you know the deadline for claiming your bag of Tesco value crisps. But the statement is a hoot. A listing on the Hong Kong exchange? You’re ‘avin’ a bubble.

6 days ago | By ShareProphets |

The January edition of the UK Investor Magazine is live 7 share tips and much more

The January edition of the UK Investor Magazine is live featuring 7 share tips, company profiles, and what to do with the Dow at 20,000 plus much more.

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3 days ago | By Tom Winnifrith |

Bulletin Board Moron of the week contest sponsored by (soon to be) jailbird Pirate Pete Landau

Over the weekend I published documents and articles such as this one which make it clear that Pirate Pete Landau may well soon be about to "go to jail, do not pass Go, do not steal another £200 from shareholders, Go direct to jail." But say what you want about the Pirate he knew how to play Bulletin Board Morons. His chat up line by email to any moron who contacted him went like this:

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

Did Pirate Pete Landau use Range Resources cash to pay off other debts of his?

A major shareholder in Range Resources (RRL) who was , in the good old days, a major ramper of the stock on Aussie chatrooms has made some quite extraordinary claims about how Pirate Pete Landau appeared to use Range cash to pay off other debts he had racked up. This was posted on an Aussie chatroom on behalf of David Scanlen the victim here. My source verifies that these claims are genuine. If true. they are extraordinary and beg questions aboout how Range's current management appear not to be making claims against the Pirate - who is clearly in deep trouble already. The post follows:

7 days ago | By Steve Moore |

Avon Rubber – CEO ‘steps down’ with immediate effect, a cause for concern?

Shares in Avon Rubber (AVON) are currently down approaching 4% back below 1000p on the back of an announcement including that, having only joined in December 2015, CEO Rob Rennie “has stepped down… with immediate effect”. A cause for concern?...

7 days ago | By Nigel Somerville |

CloudTag – another L1 conversion. Has it almost finished trashing the share price? Er….

Shares in AIM-listed purveyor of fictional guaranteed orders for fictional not guaranteed products CloudTag (CTAG) has announced the latest confetti-issue to L1 under the death-spiral loan deal. £300,000 worth of loans converted at 4.5p leaves just £100,000 left over. The shares have shot 15% higher on the news: the BB loons obviously think it’s (nearly) all over. I’ve got bad news there….

6 days ago | By Malcolm Stacey |

The Sula Principal or How I Bought a Mining Share Without Checking All the Facts

Hello Share Trimmers. Though I usually research stocks very carefully, I am one of those idiots that, once in a blue moon, invests in a company I know little about. You get a gut feeling sometimes and somehow don’t want to spoil it by too detailed an examination. One such share for me is Sula (SULA), the gold and iron miner. I saw a glowing piece on this magnificent website not so long back on this stock.

6 days ago | By Tom Winnifrith & Steve Moore |

Veltyco cracking update - increase targets

Our 35p offer price share tip of Veltyco (VLTY) last month is looking good after another cracking trading update. There is more to come.…

6 days ago | By HotStockRockets |

Collagen Placing and Open Offer - go for it!

On recommending shares in Collagen Solutions (COS) at the end of 2016 we noted that the company is understood to be investigating the possible use of debt financing, though this is a risk here.  It has now announced a financing potentially to provide “sufficient working capital to fund the group until it achieves cash flow positive operations”

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

Tom Winnifrith Bonus Bearcast - It's a 7.14 AM ouzo O'Clock as Slater & Gordon crashes again

Oh dear. Oh Dear. Another trading statement from Aussie law poltroons Slater & Gordon (SGH) and it is grim all round. The shares - A$8 when the fraudulent businesses of Quindell (QPP) were bought - are now 20 cents. And they will go far lower IF a debt for equity swap is agreed and that is the best case scenario. The Rob Terry Quenron businesses are now shown as worthless, another day of V for Vendetta, Vengeance and Vindication for the Sheriff of AIM. Crack out the ouzo and make mine a large one!

.

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

Waseem Shakoor - Grab your one and only chance to kick out Bowleven's useless board

The great Northern bear Waseem Shakoor owns just over 1% of Bowleven (BLVN) and has been a long term critic of its useless board led by the grossly overpaid Kevin Hart. He has written an open letter to his fellow shareholders urging them to back Crown Ocean Capital and oust the board. I agree - as I usually do - with Waseem. Over to the great bear and professional Northerner:

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

Watchstone - the Curse of Rob Terry; legal bother in Canada

I have flagged up many times before that the Hubio (formerly known as the fraud Himex) and Ingenie operations in Canada faced serious issues because they had simply failed to deliver product as promised to major customers such as Aviva. Now it is out in the open with writs flying both ways. Oh dear...this is not going to end well for Watchstone (WTG), the legacy of fraudster Rob Terry strikes again.

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

CloudTag – L1 finishes loan conversion. Now for death-spiral-on-steroids warrants. Sell!

AIM-listed CloudTag (CTAG) has announced the conversion of the final little bit of loan notes held by death spiral provider L1, at 4.5p. The shares have raced ahead, even though this only marks the half-way point in the share price carnage caused by the package. Indeed, it may not even be half, for the warrant exercise terms are far more favourable than the loan conversion terms (from L1’s perspective).

6 days ago | By Steve Moore |

Cobham – there was worse to come, much worse…

Reviewing last month from Cobham (COB) ANOTHER profit warning I concluded, with the shares at 140p, that there could be worse to come and that it was a bargepole stock. Now, on the back of a further update, the shares are currently heading towards 100p…

6 days ago | By Nigel Somerville |

Ariana – company chat clearing up a few misunderstandings

I said at the weekend that having several times met Kerim Sener, MD at AIM-listed Ariana Resources (AAU), I felt that he was the exception to prove Mark Twain’s rule. In recommending Ariana (1.85p on the offer at the time, so I’m happy to see the shares now on a spread of 2p -  2.15p) my view was that plant completion, production and therefore cashflow were imminent. We’ve had the completion RNS and we now await the paperwork to allow everything to roll. But who gets first dibs at the bunce?

6 days ago | By Steve Moore |

SimiGon – profit warning, but reckons all good going forward. Hmmm…

“Trading Statement” announcement from simulation technology company SimiGon (SIM) includes that “the company remains optimistic in its outlook and confident in its existing forecasts for the current financial year” and “great revenue and profit visibility for 2017 and beyond”. So why are the shares currently sliding back below 20p?...

6 days ago | By Tom Winnifrith |

Tom Winnifrith Bearcast: I stand corrected, the CEO was not in the bath & killers gorge, political correctness gone mad

After the Slater & Gordon (SGH) bearcast earlier you may have thought that I was sleeping off half a bottle of ouzo. Au contraire, I have been touring the Mani with George the Architect, the man who helped me to expose InternetQ last year. We went past Killers Gorge. Why can't you kill unsuitable boyfriends of your daughter or sister any more? As my daughter prepares to turn 16 this year I sadly conclude that this is yet another example of political correctness gone mad.  In terms of stocks I offer a couple of corrections on Tracsis (TRCS) after yesterday's bearcast then look at Xtract Resources (XTR), Ascent Resources (AST), FastForward (FFWD), the over ramped hype company with which my good friend Jim Mellon is involved, Cobham (COB), Infrastructure India (IIP) and also the fraud Cloudtag (CTAG). And I refer to a drooling Evil Knievil ref THIS ARTICLE.

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5 days ago | By Malcolm Stacey |

Picture Giant's Share Price Frames Itself Again. Now for some More Northerly Action

Hello Share Squirmers. There was a rather unnerving fall for shares in Photo-Me (PHTM) in the middle of last month. It was based on a scare story that the quality needed for official id photos could be provided by mobile phones and so could be something of a challenge in the future for automatic photo machines.

10 minutes ago | By Tom Winnifrith |

The February edition of the UK Investor Magazine is live - with stocks to fall in love with

The February edition of the UK Investor Show Magazine is live featuring 7 share tips, company profiles, and stocks to fall in love with plus much more.

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2 days ago | By David Scott |

Greece is likely to leave the Euro before the year is out, helped on its way by Trump

In the past, the Americans have vigorously supported a compromise over Greece because, along with the rest of the political establishment, it views preserving the euro and the European Union as a strategic imperative of over-riding importance. But Trump doesn’t like the EU. Trump has made it very clear that he is very hostile to the EU. He backed Brexit, appointed an ambassador who believes the euro is destined to fall apart, and started a rhetorical trade war with Germany. In response, EU leaders, from Germany’s Angela Merkel to France’s François Hollande, have been fiercely critical of Trump. Relations between Washington and Brussels have probably never been worse. 

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2 days ago | By Tom Winnifrith |

Premaitha at 10.6p worth 18p says FinnCap - new research note

The fragrant Alice Lane, a foxy young brokerette who apparently I once reduced to tears by being so beastly, is this morning disseminating the latest FinnCap note on Premaitha (NIPT) to clients. Since it is bullish I am happy to make it up to Alice by exposing this high quality research to a wider audience, especially since we own more than a few shares. By way of balance i should say that FinnCap is house broker and therefore utterly partial and you can feel free to ignore every word of this report.

1 day ago | By Tom Winnifrith, The Sheriff of AIM |

An Open letter to Ben Turney - why have you not called in the police at Teathers Financial

Yesterday I revealed a series of 74 "interesting" transactions on the Teathers Financial (TEA) company credit card and some curious payments on the Teathers pre-payment card belonging to Nilesh Jagatia the company's former FD. There is now a very real suspicion that Teather's poor shareholders were paying for Jagatia's domestic shopping at his local Sainsbury's in South Woodford and that he was making withdrawals from the company's account for personal use. I have thus written to the new CEO flip flop Ben Turney who, of course arrived in the coup that saw Jagatia fired. The letter is below.

10 minutes ago | By Tom Winnifrith, The Sheriff of AIM |

Bulletin Board Moron of the week in honour of Tavistock PR

I noted earlier that while most financial PR firms are so morally bankrupt they would spin for uber nonce Rolf Harris if the retainer was high enough, Tavistock PR appears to have some honour quitting as adviser to the FRAUD Cloudtag (CTAG). There are only so many lies you can put your name to I guess. But some folks want to hear lies and to reprint them, the BBMs. Please nominate the most moronic bulletin board post or tweet in the comments section below. The deadline for entries is midnight on Sunday February 26.

20 hours ago | By Tom Winnifrith |

NCC Group - Oops - that accursed word "strategic review," + adjusted bullshit earnings - this all stink

Shares in NCC Group (NCC) have slumped by 9.5% to 162.5p in late trade after a shocker of an announcement posted at 4.16 PM today. Not quite no-one is watching O'Clock but still late in the day. If you were on your way to the capital markets investor rampfest day it was holding tomorrow, don't bother. It has been cancelled. Cheers,my cyber security expert friends, did you not know you were going to have to issue a shocking profits alert until just now? How long have you been sitting on this bad news? Thanks. can I get a refund on my train ticket?

22 hours ago | By Tom Winnifrith |

Tom Winnifrith Bearcast: Sorry to Hannah, Will and Lucy but not to the Pizza Hardman Darren Atwater

16 hours travel after getting up at 4 AM GMT on Monday and falling into bed at 3 AM Tuesday leaves me a tired man. And Joshua and Oakley both chirped up to make it worse still. So apologies to all bar one of those who I have snapped at today.  Before I go to bed I look in detail at Grafenia (GRA) and compare it to TrakM8 (TRAK) and also comment on North River Resources (NRRP) and Jiasen (JSI).

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1 day ago | By Tom Winnifrith, The Sheriff of AIM |

TrakM8 - Another disastrous profits warning: how close is it to breaching bank covenants?

All the shit I got when I warned y'all repeatedly what a crap company TrakM8 (TRAK) is almost seems worth it now after yet another awful profits warning. No doubt share blogger Paul Scott, crony capitalist PR Man Reg Hoare and uber-bullish analyst Lorne Daniel of Finncap have already ordered that crates of ouzo be sent to me at once as my top analysis is vindicated again. It is what this warning does not say that should terrify you. Things will get worse.

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

Management Resource Solutions - New Meeting called to sack chairman Murray D'Almeida - a wanker of the highest order

The battle between good and evil continues as suspended AIM dog Management Resource Solutions. You may remember that there is a meeting on Friday to oust certain directors but the board, acting like democracy despising a'holes, found a pretext to stop shareholders voting in new guys.

1 day ago | By Steve Moore |

Goldplat – half-year results, still a gold recovery buy?

Previously writing on Goldplat (GDP), I concluded that I continued to expect more to come as the shares rose back above 6p. The following updates with they currently up to 6.625p on the back of results for the six months ended 31st December 2016…

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

Flip Flop Ben Turney at Teathers - do your civic duty: tax dodging is wrong

I wrote earlier today that Flip Flop Ben Turney who now finds himself running failed ex AIM investment vehicle Teathers really MUST go to the Old Bill demanding a full investigation into the ATM withdrawals by ex FD Nilesh Jagatia. A reader points out that Flip Flop has another civic duty to perform on this matter, he must go to the taxman. Ever keen to help...

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

Advanced Oncotherapy announces death spiral Part 1: Will it apologise for misleading investors on that one? And is Metric loan now off?

Serial misleader and worthless bag of AIM listed shite Advanced Oncotherapy (AVO) today announced that it has secured death spiral financing for £13-26 million from the lowest of the low DS funders, Bracknor. That is bad enough and will see the shares forward sold to buggery, as I will outline in a separate piece. What is worse is that it exposes Advanced for again misleading investors.

1 day ago | By Nigel Somerville |

United Cacao….and now for the calamitous shareholder shafting

Former AIM Casino disaster story United Cacao (CHOC) has updated the market this morning with regard to proposed changes to the terms of its bonds. If you are a shareholder and didn’t take Tom Winnifrith’s advice to get out, I suggest you look away now for as he predicted HERE it is indeed to be a near wipe-out even if the company survives.

22 hours ago | By Steve Moore |

Lighthouse Group – ahead of expectations 2016 results, still good value?

Having previously concluded on shares in Lighthouse Group (LGT) at 11.75p that they could prove good value, I note that they are currently higher today on the back of a results announcement for the 2016 calendar year…

1 day ago | By Malcolm Stacey |

Would a Company which Helps Other Firms to Cut the Gas Bill Inspire You?

Hello Share Spikers. I do like a firm with a novel idea which seems to have potential. It makes share-shifting a lot more exciting when we can find a company which offers a different kind of service which seems to work. I refer you today to Inspired Energy (INSE).

2 days ago | By Steve Moore |

Hardide – AGM update, “starting to see an upturn” from oil and gas customers

Having thus far been sceptical of shares in engineering coatings company Hardide (HDD), I note they currently higher today with the company having updated in conjunction with its AGM…