Our pals at Palisade Capital, employer of the mining guru Amanda Van Dyke, serve up a weekly podcast on gold with Jordan Roy-Byrne. This week he made a big call – he is calling abig turn upwards in physical gold and silver. This has clear implications for share prices across the mining sector. Okay he is a chartist but still it is an interesting call.
Afer two weeks of globe-trotting Financial Orbit is back and a scan of the macro signals from around the world should give bears, rather than bulls cause for celebration. There is the odd bull opportunity but on balance it does not look so good.
All business awards ceremonies are a load of cock where those obsessed with personal PR, lobby and self-promote and then slap themselves on the back. I shall be turning my fire on the AIM awards very shortly. But as it happens I think the Black business awards make a serious point, but this year they may well lose all credibility as Piers Linney of AIM casino disaster story Outsourcery (OUT) is up for a gong.
So you’ll remember my ‘advice of others’ post recently HERE, If you are going to listen to advice you might as well listen to people who make a lot of money. This goes for self development too! Peter Lynch certainly qualifies in that regard, being the portfolio manager of Fidelity Magellan Fund, which was the best performing fund in the world under his leadership from May 1977 to May 1990.
Yes you can make money out of Quindell (QPP). That Rob Terry with his seven figure salary and bonus and perks package is doing okay. But the ordinary man on the street can make money too. And here’s how:
OK, so I am misleading you - in the title of this post, I ask the question "Why do punters love AIM so much?", when I know the answer. It is like lottery gambling, where you are hoping to strike it rich by unearthing a multi-bagger of an investment!
Shares in Quenron (QPP) plunged last week to close last week at 136.5p. They are now more than 75% off their highs. Where do we go next? Down obviously. The question is when not if they hit 0p. And here’s why.
Since my previous comment on mobile money technology platforms and services company Monitise (MONI) - which followed an announcement from Visa that it is “considering its options with regard to its Monitise stake” and “intends to continue increasing its investment in its own in-house capabilities and, as a result, reducing its use of external resources”, researcher Edison has updated and there has been some boardroom share buying. The following updates with the shares, having recovered to above 35p, currently slipping back towards 30p.
Khosrow Zamani, chairman of unloved gold producer Anglo Asian Mining (AAZ) declares his board’s belief that ‘the second half year will be more robust than the first’. The AIM-quoted company’s long-suffering shareholders can only echo this hope after interim figures showing a previous pre-tax profit of $4.2 million turned into a $7.5 million (£4.65 million) loss on turnover 18 per cent ahead at $32.7 million.
This is Tom Winnifrith’s last video postcard from Greece for seven weeks. He is back in London at the weekend preparing for a presentation on how companies on AIM overstate profits with real examples. That is on Monday but is booked out but if you want to be able to advance book for Tom’s next presentation (it’s free & comes with pizza and wine) register HERE
Idox plc (IDOX) has this week announced a further contract win for its Engineering Information Management division as well as new £40 million, four year, banking facilities with the Royal Bank of Scotland and Silicon Valley Bank. The following updates with the shares currently at 41.875p – up from a start of the year 32.5p but down from more than 45p last month.
So the share prices of both Tesco (TSCO) and Sainsbury’s (SBRY) have been massacred lately. There are genuine reasons for Tesco being destroyed, such as its reason to slash the dividend by 75% and its ‘overstating’ of profits by £250 million. You could call that latter point fraud.
Last week we asked you for your thoughts on Alibaba, the world’s biggest ever IPO. It seems that 7% of you already hold the stock and 24% would buy at a lower price but that seven tenths of ShareProphets readers are bearish r not interested. And the results show why. We asked would you buy shares in Alibaba. And you said:
Just over two months ago, Gary Newman (a little ambivalently) picked Solo Oil (SOLO) as his runner in the Horse Hill race. His reasoning had less to do with Horse Hill and more to do with the appraisal of the Ntorya gas condensate discovery in Tanzania, in which Solo retains 25%. As it turned out, this was another good call by Gary, albeit a reluctant one! At the start of the month, Solo announced a sizeable upgrade to the reserves at Ntorya-1 and the company’s share price hasn’t looked back. From an end of day close of 0.38p on September 3rd, this stock hit an intraday peak of 1.2p and now trades at 0.98p, last seen. This values Solo at £46.56million. Now that the company has secured a c.$8.6million funding package, the question is can Solo build on its recent fantastic gains?
Hello Share Mates. I’m beginning to regret holding so many shares in the big oil companies – like BP (BP.) Royal Dutch Shell (RDSA) BG (BG.) Tullow Oil (TLW) et al
AIM dog Great Western Mining (GWMO) could be adding serious gold potential to its existing copper ambitions in the Marietta district of the south-west Nevada desert’s Excelsior Mountains following results of its latest field work in the area. The Dublin-based company, formerly chaired by veteran Irish entrepreneur Emmett O’Connell and still backed by some of his private investors’ fan club, says geological mapping and other work on four claim groups in the ‘Golconda Thrust’ claim zone suggests one of them, the JS group, could have the possibility of being a gold deposit of the type found in Nevada’s prolific Carlin trend, while another, the Tun group, could have the potential to prove an underground resource as well as a ‘much larger open-pit prospect’.
The large mining stocks have in general been hammered over the past month or so, but I see that as a great opportunity to buy in cheap. One of my current favourites has to be BHP Billiton (BLT), which has seen more than 15% wiped off of its share price during that period.
MySale Group (MYSL), which has established, online flash retail sales sites in Australia, New Zealand and South-East Asia and an expanding international presence has announced a first set of results (for its year ended 30th June 2014) since its far from smooth IPO in the same month. Do these suggest smoother progress now?
Fascinated as I am as to where Quenron (QPP) got its logo, I am indebted to an American reader who has come up with another suggestion as to where Mr 2+2 can = 5 got his inspiration from. In our latest spot the difference competition, please simply post your entries in the comments section below. Deadline midnight tonight (Friday)
Owner of the exclusive right to Domino's Pizza stores in Poland with currently 18 corporate stores in Warsaw and Krakow and 1 sub-franchised store in Warsaw, DP Poland plc (DPP) has announced results for the first half of the 2014 calendar year. A sub-heading of “Seven consecutive quarters of double digit like-for-like sales growth and proving the model with a core of consistently profitable stores. Extending sub-franchising and accelerating store roll out into new cities in 2015” creates a positive impression but what do the numbers show?
The April edition of the UK Investor Show Magazine is live featuring Metal Tiger, BMR, Harley Investments, Action Hotels and much more.
Making money from shares is simple. Well it should be. Buy cheap. Hold. Hold. Hold. Hold, and finally sell when the shares have delivered you big gains. Where so many folks go wrong is getting impatient and not being prepared to hold, hold, hold. Let us tell you about Symphony Environmental (SYM) which we tipped at a 6.75p offer just over three years ago. It did nothing for ages....
This week's contest is graciously sponsored by African Potash, AIM, NEX, Chris Cleverly vehicle that is bound to hit the stratosphere.*
As I flagged up over the weekend, in a desperate attempt to keep the fraud from becoming insolvent, African Potash (AFPO) has proposed a RTO of a company called Onshore Energy Limited, OEL. Lyin' Chris Cleverley Potash's boss is also a director and shareholder on OEL. But it gets worse. Much worse.
Stanley Gibbons (SGI) has announced it “has sold one of the rarest pieces of Indian Philately to a private collector-investor in Australia for £500,000, the highest price ever paid for a single Indian philatelic item”.
Yesterday we wandered through the first page of search results on the OpenCorporates.com website to look at the record of AIM-listed Advanced Oncotherapy (AVO) Executive Chairman Dr Michael Jeffrey Sinclair. There are rather a lot – here comes page 2.
On 12 April 2017, the fraud that is African Potash (AFPO) announced a change of auditors from RSM UK Audit LLP to PKF Littlejohn LLP. One can understand why RSM UK Audit LLP might be keen to cease its relationship with a company with the frankly appalling track record of African Potash but how desperate does PKF Littlejohn LLP look in taking on African Potash as an audit client?
ShareProphets AIM-China Filthy Forty play Taihua (TAIH) announced last Friday that the EGM called to approve the company’s proposed delisting from the AIM Casino had passed the proposals with the requisite majority. The shares are expected to depart the world’s most successful (but perhaps not for Taihua) growth market first thing on 8 May. In the wake of the announcement – at 4.15pm last Friday, bordering on no-one-is-watching o’clock - the shares again nose-dived, registering a new low of 0.1p on the bid yesterday, but all of a sudden the stock is on the rampage this morning. What is going on?
The COT report reveals the large paper short and long positions in silver. Currently it appears to be indicating a small downtrend in the silver market. In this week's Palisade podcast David Morgan discusses how silver markets move and how they can be pushed to the downside once investors run low on cash, as banks will short the market at opportune moments.
AIM-listed Advanced Oncotherapy (AVO) – teetering on the brink of having to call an EGM to reduce its nominal share capital under the terms of its death-spiral funding package with Bracknor – has announced yet another director share purchase, the fourth just this month (if we ignore the botched 7am RNS of 4 April). As ever, this is just a spoof in order to encourage more buying in the market so as to allow Bracknor to offload more of its death-spiral conversion shares as Advanced hopes and prays for the next £1.235 million tranche of funding before the coffers run dry.
The A-Grade A'holes at Walbrook PR who charge Optibiotix (OPTI) thousands of quid a month for "news management" probably thought putting out two announcements on one day was part of a clever strategy. Whatever. If Optibiotix wants to save a few quid we have a suggestion....
An announcement from Blancco Technology Group (BLTG) entitled “Q3 Trading Update, Cash Flow Review and Funding”. Hmmm, I’d guess it ain’t gonna be positive…
What could possibly have gone wrong with Standard Listed CIC Gold (CICG). A worthless greenfield asset, no cash and the involvement of the boy scout mugger Stuart Bromley? With folks across the City chasing CIC for unpaid bills it appears that the comedy show is about to draw to a close. Well it has been fun while it lasted.
Given that the company is now producing gold, I’ve been somewhat surprised by the lacklustre response that the market has given Ariana Resources (AAU) since that news came.
Phew! 153 company directorships to plough through from the career of AIM-listed Advanced Oncotherapy’s Executive Chairman. He sure has been a busy chap. Actually the number is dropping slightly as a few more double entries come up on the OpenCorporates.com website – just as well. Having looked through the first 30 entries on Sunday (29 after sifting out double entries) and the same again yesterday, we come to the next 30 from our search of the career of Dr Michael Jeffrey Sinclair.
Hello Share Gallumpers. One of my longtime shares is Glencore (GLEN). Hitherto, it’s been a disaster for me. Though a boost in mining share in recent times is turning the corner for me.
Hello Share Monkeys. Quite a few of my more moribund penny shares are in revival mode at the mo. Which is unusual. Because when the Footsie rises, investors are more likely to get income from more reliable outlets. Why risk the huge volatility of the cheaps when you can make money investing in companies with big cash piles and ever growing profits, i.e: most of the Footsie members?
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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