ShareProphets

Wednesday 26 April 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


24 September 2014, 20:46 | By Tom Winnifrith |

Amara Mining – A real rarity a Quality gold stock on AIM

Amara Mining (AMA) has announced further encouraging drilling results from its Yaoure project in Côte d'Ivoire. Most AIM casino listed gold miners are a total waste of space, Amara is a rare quality play.

24 September 2014, 20:35 | By Ben Turney |

Tangiers Petroleum; David Wall obliterates his shareholders

The reckless mismanagement of Tangiers Petroleum (TPET) has led to yet another shareholder wipeout. To be frank the writing has been on the wall for this dreadful stock for a while, but today’s shocking RNS announcement will do little to soothe badly burned shareholders. The company claims that the “final cost of the TAO-1 well was in excess of the Company's internal budget”. This is apparently why Tangiers is now in such a dire financial state and is being forced to relinquish its 25% stake in the Tarfaya Offshore Block, Morocco, as well as conduct a $1.2million placement at the equivalent of 0.324p (a 97.5% discount to the prevailing pre-duster price). The problem with this line of argument is that the costs of the TAO-1 exploration well came within the “plus or minus 25% variance” announced in the amended budget on April 28th. To add insult to injury, rather than explain why he bet the farm on a single wildcat exploration well, Managing Director David Wall instead believes the market owes him a second chance. It doesn’t.

24 September 2014, 19:59 | By Thierry Laduguie |

FTSE 100 at the forefront of a massive correction - 4,000 on the cards

I have said many times that the bull market of 2009-2014 is not the first leg of an even greater bull market that could last many, many years as many believe. The reason the stock market appears to be a one way bet is that stock prices have been inflated by the central banks. The question is: can we trust central banks? 

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24 September 2014, 18:50 | By Steve Moore |

Accumuli plc – positive AGM statement enough to suggest the shares good value?

Accumuli plc (ACM), which works with organisations to manage the ever increasing IT risk landscape and leverage their IT assets for business value, has updated that it “has continued to make good progress through the first part of the current financial year”, seeing that “trading results are in line with management's expectations”. With the shares having nudged ahead to 27.5p, to capitalise the company at more than £43.5 million, in response, what is the current value proposition here?

24 September 2014, 18:46 | By Tom Winnifrith |

Bingo, bongo, Bango – dismal interims – when is the bailout cash call?

I have noted before how Bango (BGO) merits an AIM Casino jam tomorrow promises. Floated in 1999 it has sent £27.5 million to money heaven and has never made a profit. Interims today are thus par for the course but the cash position looks tight. At 102p the market cap is £46 million and the shares are a screaming sell.

24 September 2014, 13:28 | By Chris Bailey of Financial Orbit |

Five key thoughts from day 3 of the Casey Research summit

Following on from the first couple of days of the summit (which you can find links to here) what were my key thoughts from the third - and final – day of the Casey Research Summit in the USA   As I only attended the first two-thirds of a shortened day here are my five key thoughts:

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24 September 2014, 13:16 | By Tom Winnifrith |

Tesco & Quindell, accruals and dealing with dissenting analysts

Both companies have engaged in aggressive accounting with regard to accruals. One has already been shown to have overstated profits, managers have been fired, the forensic accountants are in and the Serious Fraud Office is now said to be looking into the matter. The other is Quindell (QPP).

24 September 2014, 13:14 | By Malcolm Stacey |

Gallumping Giants Can Be Just as Shaky.

Just when I thought it was safe to get back into the Tesco  (TSCO) water, another big whammy hits the supermarket chain. The latest is, of course, a massive set-back.

23 September 2014, 21:07 | By Robert Tyerman |

Goldplat spells out recovery strategy

Ian Visagie, chief executive officer of gold recovery specialist Goldplat (GDP), says the company is moving fast to enhance profitability and expand and diversify its business after turning a £207,000 pre-tax profit into a £248,000 loss in the year to June on turnover down 27 per cent to £21 million. Focused chiefly on South Africa and Ghana, Goldplat, which extracts gold from mining waste, such as wood chips, mill liners, fine carbon, sludge and waste grease, suffered from a falling gold price in 2013-14, with operating profit before finance costs plunging from £2.6 million to £153,000 and its shares at 3.5p are down from a year’s high of 8.5p and a 2006 float price of 7.5p.

23 September 2014, 20:58 | By James Parter |

Bank some Inspirit Gains

Today I just update the Inspirit (INSP) post I pushed out under 2 months ago - HERE. The share price was 1.13p and I suggested that Inspirit was a buy with a target of 1.75p.

23 September 2014, 20:50 | By Mark Howitt |

The Advice of Others

My father originally advised me that Sainsbury’s (SBRY) was a good buy at 315p. “In the long term they’re good value at this price.” I did my own research, saw that the PE was low and the yield attractive. I didn’t have any shares in the supermarket sector and never had, so it was good from a ‘diversity’ view I guess. I bought the share.

23 September 2014, 19:51 | By Gary Newman |

Get into Rockhopper before it is too late

Rockhopper Exploration (RKH) looks a great buy at the current level, both long and shorter term. The current share price of around 87p is a far cry from when it rocketed to over £5 following the discovery and successful flow test of oil from its Sea Lion license in the Falkland Islands back in 2010. 

23 September 2014, 19:01 | By Steve Moore |

Perform Group – publishes takeover defence document, but likely to be sufficient?

Sports content commercialisation group Perform (PER) has published a response document to a 260p per share announced “final cash offer” from its previous majority owner and current 42.5% shareholder, explaining why it considers that the offer undervalues it and that shareholders should reject the offer. The following updates with the shares having nudged lower to 259.3p in response.

23 September 2014, 18:19 | By Tom Winnifrith |

Quindell Leaks Confidential letter as part of smear campaign & scores another massive own goal

As I noted at the weekend HERE Quindell (QPP) sent a letter from its new lawyers almost two weeks ago. I have asked it to justify statements in that letter it has failed to do so. But it gets worse. Quindell has now leaked that letter to the pathetic QPPSAG and it is being quoted verbatim albeit selectively on Bulletin Boards. That is a massive OWN GOAL by Mr 2+2 can = 5. My legal team is over the moon.

23 September 2014, 15:54 | By Tom Winnifrith |

After Tesco who is next for a dodgy revenue recognition admission? Any suggestions?

As any bull market gets out of hand the aggressive accounting practices start to emerge. Managers on bonuses do whatever they feel able to get away with to deliver the sales and profits needed to justify crazy ratings. Tesco has done the right thing in suspending managers, coming clean and calling in auditors for a full forensic. The question I poser to you is who is next?

23 September 2014, 15:15 | By Robert Sutherland Smith |

Tesco at 203p: after news of overstated profits – a buy?

News that Tesco (TSCO) had overstated its profits, prompting a near 12% collapse in the share price was good reason to caste the valuation measure over the shares at 203p. – last seen. I learnt from my A level English literature that the essence of tragedy – the real Greek kind – is to fall from a great height. That makes Tesco and its shares a real Greek tragedy! 

23 September 2014, 14:46 | By Malcolm Stacey |

A Ray of Sunshine in a Darkening Sky.

Hello share twisters:  As you know, most of the articles on this mind-blowing website, are presently in the negative vein. This is a marvellous thing, as most other financial websites carry glowing reports on all kinds of shares. Who knows what vested interests might be at work in some of these sparkling write-ups.

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22 September 2014, 20:44 | By Tom Winnifrith |

Mopowered – absolute shocker of a wipeout placing & more Insider Dealing in the City club

This has it all. I told you the shocking tale of the Mopowered (MPOW) AIM casino disaster story HERE yesterday. Today came news of a placing at 5p to raise £3.5 million (Gross). This just adds insult to the injury.

22 September 2014, 20:33 | By Ben Turney |

Mosman Oil & Gas; the nature of price sensitive information

One of the more interesting aspects of the Mosman Oil & Gas (MSMN) story involves the nature of price sensitive information. When Mosman announced its first oil “discovery”, at 11:42am on June 13th, the share price went ballistic. Having opened at 11.85p, Mosman’s stock had just hit an intraday low of 10.5p before the company delivered its joyous news. By the end of the next trading day, Mosman’s share price had peaked at 56p, giving the company a market cap of £36.3million. Four days later and Mosman placed at 23p to raise £3million. There is no doubt that Mosman’s news release was a price sensitive event, but is it time to revisit the definition of what constitutes price sensitive information?

22 September 2014, 20:16 | By Tom Winnifrith |

CEO ego of the week: Dominic Keen CEO of Mopowered

AIM casino posterboy Mopowered (MPOW) has today announced a rescue placing at 5p. It was listed at 100p on December 18 last year. It was trading whilst insolvent until today and has been for weeks. The shares are now 8.125p so investors have lost 92% of their cash in just over nine months. But it is not all bad news: the lawyers, brokers, nomad, accountants and PRs assisting this POS will – after commission today – have now made more than £1 million from the firm.  It is coke and hookers all round for the Crony Capitalists of the AIM Casino, and hard cheese for the shareholders.

7 hours ago | By ShareProphets |

The April edition of the UK Investor Magazine is live - UK Investor Show edition

The April edition of the UK Investor Show Magazine is live featuring Metal Tiger, BMR, Harley Investments, Action Hotels and much more.

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3 days ago | By Pizza Hardman Darren Atwater |

New Bulletin Board Moron of the Week Contest - sponsored by MoneySwap

This week's contest is graciously sponsored by MoneySwap, the Filthy Forty constituent that has this week requested to be dropped from the AIM market.

6 days ago | By Malcolm Stacey |

Higher Hopes for the Man from the Pru

Hello Share Troopers. I’ve long been a fan of British insurance giants. They are a chance to invest in the fast-moving financial world without too much fear of heavy fines and compensation payments for mis-selling and so on. Though, of course, there is an element of that.

6 days ago | By Darren Atwater |

Video: Paul Atherley, MD of Berkeley Energia, presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Paul Atherley, Managing Director of Berkeley Energia (BKY), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

6 days ago | By Darren Atwater |

Video: Richard Poulden of Wishbone Gold presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Richard Poulden, CEO of Wishbone Gold (WSBN), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

6 days ago | By Darren Atwater |

Video: Colin Bird of Xtract Resources presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Colin Bird, Executive Chairman of Xtract Resources (XTR), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

6 days ago | By Darren Atwater |

Video: The Bears Session at UK Investor Show 2017: Two well known stocks set to collapse

In this video from the storming success that was the 2017 UK Investor Show, Graham Neary, Lucian Miers, Tom Winnifrith, Matt Earl, and Gabriel Grego select two well known stocks set to collapse. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

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6 days ago | By Tom Winnifrith & Steve Moore |

Alliance Pharma - once again a buy

Specialty pharmaceutical company, Alliance Pharma (APH) is a previous successful share tip for us - recommended at 31p, with gains banked at 43p in 2015. However, there has since been positive development which looks inadequately reflected in a current sub 50p offer price and, noting also the continued presence of famed investors Nigel Wray and Slater Investments as major shareholders…

6 days ago | By Tom Winnifrith & Brian Kinane of Riverfort Global Capital |

Making Structured Finance Work!

It’s a bloody death spiral - sell! That seems to be the standard response to an announcement that an AIM company has raised cash via a structured financing plan rather than a, often deeply discounted, placing. But that "truism" is a falsehood. Some structured financings are death spirals, bad news for all bar the provider. Others, however, are put together in a way that only work if the share price rises. And that, surely, has to be better than a deeply discounted placing to bucket shop flippers?

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5 days ago | By Malcolm Stacey |

I'm Still Not Getting Busy with the Fizzy

Hello Share Tasters. In the past I’ve commended Britvic (BVIC) to your further study, though I don’t hold the shares myself. If I did, I might be tempted to sell. This is not because the shares are doing badly. They are not. Indeed, since January they are up by a fifth.

6 days ago | By Steve Moore |

Hayward Tyler – does trading update support recently stated “good progress”?

Last week I questioned stated “continued good progress” by Hayward Tyler (HAYT), with it having produced a profit warning as recently as 20th February. The following updates with the shares currently on the rise, at around 55p, on the back of a trading update the company “is pleased to provide” for its year ended 31st March 2017…

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

Advanced Oncotherapy – more on that Blackfinch secured loan: is it pre-pack ahoy?

As shares in AIM-listed Advanced Oncotherapy (AVO) again sit below that all-important 27.5p mark which, if continued for 10 trading days, will trigger a EGM to reduce the nominal value of the company’s shares, a quick trip to the Companies House website reveals the debenture paperwork (HERE) related to the company’s recently announced loan deal (with spoof 100p conversion terms) with Blackfinch as announced on 27 March (HERE). Most of it is legalese, but on page 36 we get some cracking tit-bits. Such as the planned expenditure on the Harley Street premises (some £19.14 million) as against potential resale values of between £9.44 million and £10.71 million – and that is just for the kit and fitting, not for the value of the property itself. As security (including the property) for a £3 million loan (with an option for a further £2 million) it is quite something!

5 days ago | By Mr Karma |

City of London Markets, Milestone Group and the web of deceit

Readers will be aware of the aborted placing in Milestone Group (MSG) and the City bucket shop that is City of London Markets per HERE. What we can reveal is that the individual at the heart of the debacle is a gentleman by the name of Spencer Binks – a name in certain circles of the City that is described as “colourful”.

5 days ago | By Darren Atwater |

Video: Don Goulding, Executive Chairman of Distil, presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Don Goulding, Executive Chairman of Distil (DIS), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

5 days ago | By Darren Atwater |

Video: Colin Hutchinson, CEO of Ascent Resources, presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Colin Hutchinson, CEO of Ascent Resources (AST), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

5 days ago | By Darren Atwater |

Video: Michael de Villiers, Executive Chairman of Ariana Resources, presents at UK Investor Show 2017

In this video from the storming success that was the 2017 UK Investor Show, Michael de Villiers, Executive Chairman of Ariana Resources (AAU), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

7 hours ago | By ShareProphets |

The April edition of the UK Investor Magazine is live - UK Investor Show edition

The April edition of the UK Investor Show Magazine is live featuring Metal Tiger, BMR, Harley Investments, Action Hotels and much more.

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1 day ago | By ShareProphets |

TODAY: Patience, patience, patience and yet more patience - that is the key to making money from shares

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....

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7 hours ago | By Darren Atwater |

1 day ago | By Tom Winnifrith |

Hell's Teeth, does Peterhouse do any due diligence at all - meet the carbon spiv hooking up with African Potash?

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.

1 day ago | By Tom Winnifrith & Steve Moore |

Stanley Gibbons – sells rare Indian stamps for record £500,000

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”.

1 day ago | By Tom Winnifrith |

African Potash –PKF Littlejohn LLP hang your head in shame

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?

1 day ago | By Nigel Somerville, the Deputy Sheriff of AIM |

Filthy Forty Taihua – shares fall after GM approves delisting, but massive sudden surge today

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?

1 day ago | By Pizza Hardman Darren Atwater |

Silver Reaching a Major Inflection Point – Investors Beware!

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.

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1 day ago | By Nigel Somerville, the Deputy Sheriff of AIM |

Advanced Oncotherapy – more spoofery as NED buys yet more shares

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.

7 hours ago | By HotStockRockets |

Optibiotix - 'news management', whatever - still a buy

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....

1 day ago | By Steve Moore |

Blancco Technology – “Q3 Trading Update, Cash Flow Review and Funding”. Uh oh…

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…

1 day ago | By Tom Winnifrith |

The Boy Scout Mugger Stuart Bromley does comedy gold as CIC Gold's London death rites read

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.

7 hours ago | By Gary Newman |

Surprising lack of interest in Ariana

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.

1 day ago | By Nigel Somerville, the Deputy Sheriff of AIM |

Advanced Oncotherapy – looking at the Exec Chairman’s record, Part 3

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.

1 day ago | By Malcolm Stacey |

Fancy Supporting the Iron Lady of Switzerland? Have a Look at Glencore

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.

8 hours ago | By Malcolm Stacey |

The Great Coffee Cup Outrage Could Be Cured by This British Firm

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?