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Latest News

TW

This Savy House Builder Could See a Rally on its Sound Foundations

Hello, Share Shiners. There are those, like Uncle Tom, who disagree with my bullish stand on home builders. But I continue to support some of them and one of my top picks in the sector is Taylor Wimpey (TW.). It’s now getting back into swing, beginning by taking back all its staff on furlough...

Bearcast
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Tom Winnifrith Bearcast: Boohoo.com vs UK Oil & Gas

A final few words on yesterday and a final thank you. If you have not donated to Woodlarks yet it is not too late and i am just £536.34 away from shutting up about it so perhaps a small donation HERE. Then I look at Peter Brailey's excellent piece earlier and press comment on Boohoo.com (BOO) and at the pay consultants who, in my view, should all be shot and issues of executive remunerration and greed. I also comment in this vein on Union Jack Oil (UJO).

Beggar
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The Morning Dew, the last-minute rain, my amazing neighbours & a snake – final report on the Woodlarks walk

With gift aid we are now just a few hundred quid shy of raising the £48,000 needed to ensure that amazing Woodlarks can survive the Covid lockdown and continue its work next year. So if you have donated I thank you and if not please do so HERE. It would be great to end the weekend with the job done. The Mrs and Darren combined to put up a few photos of yesterday’s 33.3 mile walk so here is the full story.

CTEA
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Catenae – placing confirmed at 2p but this is still the most overvalued AIM stock

Having warned the market on Thursday that a placing was on the way at a substantial discount, the placing duly arrived yesterday morning at two minutes to ten – 37.5 million bits of confetti at 2p to raise £703,000 gross and see off £47,000 worth of liabilities. In some ways one has to congratulate the Broker on a job well done, given that the shares closed Thursday night at 2.65p that amounts to a discount of just 24.5% - a big improvement on the last effort at a monster 77% discount. So where does that leave the company?

JKX
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JKX looks a bargain at the current price with no debt and decent reserves

There is a lot of focus on oil companies of all sizes at the moment, with many investors speculating on their future recovery now that commodity prices have improved, but I would probably be more focussed on those which largely produce gas.

Gold
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Irrational Exuberance wanes a shade (but not enough), Gold set for another run: my call – buy now and wait.

Last week I warned that markets were ripe for a big tumble in the face of, quoting Alan Greenspan (former head of the US Federal Reserve), irrational exuberance and that according to our favourite technical analyst Jordan Roy-Byrne of TheDailyGold.com gold and gold stocks were likely to offer a great buying opportunity. Well, here we are a week later and markets are down but there is a long way to go, and gold hasn’t gone anywhere……except the mining stocks have, and look set for a rebound.

Professor
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Sunday Long Reads: List Decade, Unfriendly Climate, Indian Comfort Food, Velvet Underdogs, Musk Romance

Here are six long reads that have nothing to do with shares. Put the kettle on, find a comfy chair. You have the time, don't you?  

UKOG
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UK Oil & Gas – Does the evidence support the view that Lyin' Steve Sanderson is grossly overpaid?

On more than one occasion both Tom Winnifrith and I have commented that Steve Sanderson is over-paid. It’s a claim we have both made, but neither have us put demonstrable evidenced numbers to that. I thought it was about time to substantiate and quantify just how much larger Steve Sanderson’s trouser pockets are compared to his peers, in celebration of Tom Winnifrith's virtual walk to Horse Hill yesterday.

Quiz

The ShareProphets Sunday Pub Quiz #41

This has nothing to do with shares or investing or anything. It's the end of the weekend and we've organised a quick pub quiz. Grab your own beer, there are no prizes, and for Pete's sake, no Googling! Only I get to do that. If you are so inclined, please enter your score in the comments. The highest score still won't get a prize.

CERP
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Columbus Energy – ‘recommended merger’… except it’s not a merger and we certainly don’t recommend it...

Columbus Energy Resources (CERP) “is pleased to announce that it has reached agreement on the terms of a recommended all-share merger with Bahamas Petroleum Company” (BPC). Shares in Columbus are at 1.95p in response - which includes comparing to 1.125p, for example, when we suggested it worth an average down buy in April - but we’re not pleased...

Top-10

Notes from Underground - Most read articles for the week ending 13 June 2020

The most read non-Tom article this week is Commercial property update: Intu's on standby, Workspace believes by Chris Bailey is at a thrilling number three or number nine including Bearcasts and Tom's new shareshow.

Tom
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Photo article: It's all over – Tom has crossed the finish line. He did his part, now please would you help?

That's 33.3 miles in a pandemic. He started at 4.40 AM and finished at 7.10 PM. At the start of lap 44 the heavens opened and for the final lap - as the rain eased - Joshua and Tom's wfe joined the walk, if only for at a celebratory prosecco. We're at 98% of the £48,000 needed to save Woodlarks if you include Gift Aid. Your final contributions will make the difference - we need just £750 more. Please be generous here.

 

CINE
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Cineworld takes one small step back from the abyss...but it ain't enough

Regular readers will know my long-term negative view on Cineworld (CINE). Was it really December 2017 that I first penned some caution on the name?...Yes it was as you can read here. Even with the recent comedy bounce, the shares are still down two-thirds in value since then which is not too shabby. So what to think now?...

Woodlarks
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A Vital video message from Nick Richards at Woodlarks

The following video is self explanatory. Please find a minute or two to watch it and then, if you have not already given, to donate to Woodlarks as Tom walks for 33.3 miles in the Welsh rain today. You can donate HERE

WALG

Filthy Forty Walcom – has the curtain come down at last? Where's the statement?

The seemingly never-ending Wagnerian Opera of ShareProphets AIM-China Filthy Forty group Walcom (WALG) and its lack of a bailout director loan to avoid a one-way trip to the liquidator’s office saw the latest deadline yesterday pass without a statement. Oh dear: has the curtain finally come down?...

Tom
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Walking 33.3 miles to save Woodlarks - Second photos of Tom's trek around the fields

After a picnic lunch with the family: the 30th lap, only 15 to go...this is from the far edge of the second river field, a marshy area where the shocking wildlife diversity will be revealed tomorrow.

Bearcast
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Tom Winnifrith Bearcast: we are all so lucky

I start with a few reflections on the widening gap between the real economy and the stockmarket. Then I ask you to consider how lucky you are as I discuss Woodlarks and what it does and why it matters. As you listen I am walking 33.3 miles to save Woodlarks. If you have donated I thank you. If not we are so close to getting the £48,000 needed to save the camp. Please, please donate HERE.

Woodlarks
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Photo Article: Walking 33.3 miles to save Woodlarks - First photos of Tom's trek around the fields

By 9am this morning he had completed 17 laps, having set off at 4.40am. The Mrs provided coffee and a bacon sandwich. Only 28 laps to go.

CHAL
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Challenger Acquisitions: do you feel Lucky?

Cynical Bear had a great run following the shenanigans at Standard-Listed Challenger Acquisitions (CHAL) as it failed to see its ‘wonder-investment’ in the New York Wheel generate anything other than massive losses and red faces all round. But things seem to have taken a turn for the better - at least in entertainment terms - following the arrival of that fine duo of Jonathan Tidswell and - perhaps Lucky Lord this time - George Lucan. If only the balance sheet wasn’t such a mess……

KWS

Table of shorted AIM shares - week to 12/06/2020

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

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ANP

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Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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