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Latest News

GDP
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Goldplat – term sheet for Kilimapesa mining sale, still a buy?...

Goldplat (GDP“is pleased to announce the signing of a binding term sheet… for the sale of… the assets and licences of the Kenyan underground mining operation” Kilimapesa…

LGRS

Loungers – argues sales ‘encouragement’, but still early days...

Operator of 165 neighbourhood café / bar / restaurants across England and Wales under the Lounge and Cosy Club brands, Loungers (LGRS“is pleased to update on current trading having now re-opened all 165 sites in the estate, with the exception of Cosy Club in Leicester which opens this Friday” – and the shares have currently responded to 130p, more than 20% higher…

MTRO
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Dream on Metro Bank...

I give Metro Bank (MTRO) this: at least it has learnt it is smarter to issue your regulatory news updates at 7am like everybody else, rather than sneaking them out at 5pm. So positive to see today’s half-year results coming out at a sensible time. Now let’s get onto the less good stuff – and there is plenty…

IPO

The Investment Outfit that Dumped Ceres Cost Me a Packet (on Paper). But It Does Seem to be On the Ball

Hello, Share Takers. This old punter is rather miffed with an investment company called IP Group (IPO). It raised £52.4 million by selling a shedload of shares in Ceres Power (CWR), which is one of the biggest plays in my bag. This sale caused a minor crash in the Ceres share price. Instead of owning 5.4% of Ceres, IP Group now has only 0.2% of the green power company. So who is this big investor, IP?…

BKS

Beeks Financial Cloud – “expects to announce trading results within the range of market expectations”… the heavily reduced ones?

“Beeks Financial Cloud Group Plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, is pleased to provide an update on trading for the year ended 30 June 2020… Covid-19 has had a relatively small impact on Beeks’ overall trading… expects to announce trading results within the range of market expectations”… and the shares have currently responded towards 90p, approaching 8% lower!…

Bearcast
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Tom Winnifrith Bearcast: My anger at R4E, my sympathy for Graham Neary & my question about Centamin

I do not wish to fall out with Nigel Wray and I do not really blame him for the Reach4Entertainment (R4E) news today but I explain my anger. Then I explain my sympathy for Graham Neary. Next up, results from Centamin (CEY) are great for we loyal shareholders but I ask what is the appropriate yield? Then onto Xtract Resources (XTR) and a phone call from Colin Bird. Treat the “Ford dip” as an opportunity!

PTRO

Pelatro – a “pleased to announce” fundraising, why the discount?...

“Pelatro Plc (AIM: PTRO), the telecom Customer Engagement software specialist, is pleased to announce a Placing and Subscription to raise £2.1 million (before expenses)”… and the shares have currently responded more than 10% lower…

HGM
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Highland Gold has been a great investment, but it's now time to sell as I don't see a better takeover offer coming

Regular readers here will know that I’ve been a fan of Russian gold miner Highland Gold (HGM) for quite some time and it has been my share of choice for exposure to the yellow metal, and one which I hold myself. I covered it as a buy at 227p back in late February, and then again at 222p very recently as one of my tips for the MineProphets event, so I was clearly very bullish on it and especially so given the steeply rising gold price we have seen of late…

Bear

July performance update: start of 2020 top shorted London-listed shares

Early this year we showed the top shorted London-listed shares at the start of 2020. How’s the performance as at the end of July? (those in bold remain from 2019)…

CEY
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Centamin – cracking Interims & a dividend hike to pay for the Ouzo

Fully-listed Egyptian gold-miner Centamin (CEY) has released its half-year results to the end of June this morning and they look great. And the interim dividend has been hiked by 50% to 6 US cents per share (as predicted in these parts), with the cheque arriving on 11 September a couple of weeks earlier than last year. Yum-yum…

SXS
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Losing my analytical virginity on Spectris...and I'm impressed

I see ‘quality growth’ darling Diageo (DGE) has got a bit of a tonking this morning. You do not need me to ramble on about how such stocks remain overvalued as I detailed here in April, building off a podcast chat Tom and I had back in October. So onto something different. I see that nobody on this website has written on Spectris (SXS) before…

R4E
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R4E – shareholder screwing by Wray, Potts & Management - reasons to despair of AIM No 67

On June 29 this year, just over a month ago, the management of Reach4Entertainment (R4E) told us that despite the lockdown of the London and New York theatres it serviced, it was sitting, as a result of prudent cash management, on net funds of £12 million – almost thrice the market cap. Today, 5 weeks later, we are told the company is leaving AIM and worse is to come. Shareholders, you are being screwed by management and big shareholders such as fund manager Katie Potts and Nigel Wray…

TERN
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Tern takes a Turn for the worse

Oh dear, oh dear. Has AIM-listed jam-whenever investment company Tern (TERN) lost its biggest investor? Yesterday we learnt that Mr John Mahtani had reduced his holding in Tern from 5.02% to 4.65%. Mr Mahtani was the biggest shareholder and given the share price drop since the beginning of July from 10p down to yesterday’s closing mark of 6.55p it doesn’t exactly look like a total vote of confidence…

FDBK

This Aim Minnow Is Picked by the NHS to Boost Hospital Communication but the Share Price Doesn't Yet Seem to Show It

Hello, Share Prompters. A medical venture I’ve invested in for years and which has usually disappointed is Feedback plc (FDBK). It always appears to me to have huge potential that doesn’t seem to have been followed through. Perhaps the company needs more marketing skills. Any road up, it’s just had some good news that the share price seems yet to have fully reflected…

HDD
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Hardide – “Director Dealing”… but have they bought or sold?! Corrected announcement needed!...

“Hardide plc (AIM: HDD), the developer and provider of advanced surface coating technology, announces that it has been notified that on 3 August 2020, Philip Kirkham (CEO) and Robert Goddard (Chairman) bought 20,000 and 37,000 ordinary shares respectively… each at a price of 27 pence per ordinary share.” The shares have currently responded to more than 30p to buy…

Bearcast
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Tom Winnifrith Bearcast: Black swan event at Bluebird

My first article about the Greek Hovel 2020 is now up and there are a stack more to follow. In today’s podast, I look at Bluebird Merchant Ventures (BMV), Hammerson (HMSO), Versarien (VRS), and Purplebricks (PURP).

PEG

Petards – argues “delighted” by trial response… but financial significance?...

An announcement of “eyeCraft360 British Army trial success” from security and surveillance systems group Petards (PEG) – and the shares currently at 7.75p, more than 5% higher…

SYME
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Viva Italia! Supply@me Capital – Can you assist?

A press article arrived in my inbox this morning, from Italian newspaper and fine bastion of journalism La Repubblica. Unfortunately my Italian is not up to much, and the Google translate perhaps loses a bit in translation. As far as I can make out the article concerns Mr Dominc White, who is a director of Supply@me Capital (SYME) and of Acquis-listed (formerly the NEX lobster-pot) Eight Capital Partners, which has shareholdings in various UK and Italian companies – one of which was Sport Capital Group (SCP), an outfit run by John Treacy (who was also a director at Eight Capital Partners) – and Palermo Football Club. If I were a shareholder in Supply@me, reading the translation would worry me somewhat, but as I said, I don’t speak Italian. Any help in the comments section would be much appreciated.

XTR
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Xtract resources – what on earth is going on? Is this the worst career start in AIM History?

I speak as a shareholder and a supporter but this is quite literally insane. The company has appointed Alistair Ford, who works for paid for stock promoters Proactive, as a director. And this is where it gets bizarre. Ford has given an interview to the Sith Lord Zak Mir,

  • 3 August 2020, 13:13 |
TERN
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Tern – shares now trade below NAV: are they a buy?

Of course not! The last reported NAV of AIM-listed jam-tomorrow- next year-never IoT investment company Tern (TERN) was 7.0p, as stated in its FY19 results. This followed a year during which the company raised £3.25 million at a premium to NAV, but still saw a reduction in NAV per share. I guess that is operational gearing at play!

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