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Ascent Resources – the new James “Dracula” Parsons spoof, all the usual snouts in the trough
Shareholders in Sound Energy (SOU) have lost more than 95% of their cash thanks to the appalling ramping and hype and value destruction of just one man…James Parsons. The Sound fiasco would kill off the careers of most CEOs but Parsons is like Dracula, he leaves one rotting corpse behind moving to suck the financial blood from a fresh corporate. Today’s victim is Ascent Resources (AST).
- By Tom Winnifrith, The Sheriff of AIM |
- 14 February 2020, 10:37 |
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BREAKING: The Letter Matt Lofgran and Nostra Terra do NOT want shareholders to see
Yesterday another dog cursed by the hex that is a Gervais Williams investment, that is to say Nostra Terra Oil & Gas (NTOG), published details of a sack the board EGM and the management’s case for staying on. What, in a cowardly fashion, it refused to do, as I believe it should have done is publish the letter that the requisitioner, Eridge Capital run by flip flop Ben Turney, wanted to send to shareholders. Fear not… the letter, outside of all paywalls, is below. Nostra Terra shareholders should read it and vote to sack chairman Ewan Ainsworth - in light of the scandalous pay revelations below - and hapless Lofgran after this bombshell. Sack the board!
- By Tom Winnifrith |
- 14 February 2020, 09:35 |
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Goodbye RBS...hello NatWest (again)
Back when I was a callow youth about to start my undergraduate studies, the ritual of opening my first bank account (until then a Post Office savings account was my sole financial product interaction) provided a wonderful social insight. If I recall correctly, all the cool, well-heeled kids had accounts open for them at Barclays (BARC) or Lloyds (LLOY) as a continuation of their parental banking allegiances. I just went for the bank that offered me the most money as a joining inducement...and that happened to be NatWest… I read today in the latest quarterly thoughts from Royal Bank of Scotland (RBS) that this tainted name - courtesy of largesse a decade plus ago by 'Fred the Shred' and others - will change back to NatWest Group later this year...
- By Chris Bailey |
- 14 February 2020, 09:20 |
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OptiBiotix – LPLDL South America RNS & breaking news from H&B UK, Strong Buy
OptiBiotix Health (OPTI) has announced “a significant milestone” in extension of the use of its LPLDL probiotic strain into functional foods and its presence into South America. So what you say?...
- By Tom Winnifrith & Steve Moore |
- 14 February 2020, 09:00 |
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Ariana Resources – deal still on... but delayed for up to a month
AIM-listed Turkish gold-miner Ariana Resources (AAU) has announced that due diligence regarding its proposed part-sale of the Kiziltepe and Salinbas gold projects for $30 million is still underway, and that the parties have agreed a one month extension to complete due diligence. So the good news is that the deal is still on, but we will have to wait another month before it is confirmed (or not!)...
- By Nigel Somerville |
- 14 February 2020, 08:17 |
Worried about the Coronavirus stock market impact? Take a Look at this Golden Trio
Hello Share Takers. We’re all aware that the Chinese virus puts a damper on the stock market. Lately, it's been hard to spot any shares rising in value at all. But I have a golden trio of companies that have been rising, even when all around are falling. Allow me to remind you of those which are keeping my portfolio ahead...
- By Malcolm Stacey |
- 14 February 2020, 08:11 |
Flowtech Fluidpower – how confident can it really be of a return to growth in the second half & in 2021?
Previously writing on technical fluid power products company Flowtech Fluidpower (FLO), I noted indeed it wasn’t set for “another year of solid progress”! on a trading update for the year to 31st December 2019 as the shares fell towards 100p. They have fallen further since but are currently recovering above 100p on a “2019 Trading update & restructuring activities”. Hmmm – haven’t we already had this?...
- By Steve Moore |
- 13 February 2020, 16:30 |
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Tom Winnifrith Bearcast: Ian Smith you are in denial and Versarien tell us about the Nike "leak"
I start the podcast with my torture in trying to transfer a pension from the Daily Mail to my SIPP. It got so surreal this week but I might be making, expensive, progress. Then I look at how we often jump to easy conclusions when a share price falls. I am guilty of one such lazy jump. I refer to Versarien (VRS) and UK Oil & Gas (UKOG) in this section. I also have questions for Versarien and its hapless Nomad Bobbie Hilliam of Quindell infamy about the recent spike in its share price. Then I look at Bidstack (BIDS) and investors in denial and finally at Ian Smith and MXC Capital (MXCP) which is leaving the AIM Casino which is NOT what it should do. Smith is in denial too.
- By Tom Winnifrith |
- 13 February 2020, 16:30 |
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Accesso Technology – argues “Positive momentum with renewals and new contracts”… but it just ramptastic?…
A “Positive momentum with renewals and new contracts” announcement from Accesso Technology (ACSO) – and the shares in response currently approaching 12% higher, towards 500p…
- By Steve Moore |
- 13 February 2020, 14:36 |
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Bidstack car crash interview with Justin the Clown – Lyin' James Draper you cannot be serious
To come out of a paid for Vox Markets interview with Justin the Clown looking like you are utterly clueless takes some doing but Lyin’ James Draper of Bidstack (BIDS) managed just that yesterday. His refusal to deny the looming placing and cash crunch is just one highlight.
- By Tom Winnifrith |
- 13 February 2020, 12:00 |
Filta Group – set for “a much-improved performance in 2020”?
Filta Group (FLTA) has updated emphasising new franchises, cost savings and “new scheduling software introduced in 2019 is now delivering improvements in productivity” – and the shares have currently responded towards 170p, circa 20% higher…
- By Steve Moore |
- 13 February 2020, 11:46 |
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Sosandar – gets £5m placing at 17p away….subject to GM approval, but a spivvy trading opportunity to buy?
AIM-listed purveyor of ladies wear, Sosandar (SOS) announced a placing via an accelerated bookbuild yesterday morning at 11.14am. By 1.50pm it was all over: the company raised £5 at 17p per share. Since the trading statement of 20 January, despite a very brief rise, the shares have made a bee-line for around 19p which simply shows that the analysis by Tom Winnifrith and myself was bang on the money: a placing was on the way. Anyone who bought at up to over 30p (egged on by certain bloggers drinking gallons of the Kool Aid & much more besides) was well warned by us. So what now?
- By Nigel Somerville |
- 13 February 2020, 10:39 |
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The rank double standard of the establishment suits who run ShareSoc
ShareSoc has today taken a stand against folks who make threats on Social Media. The stench of double standard is overwhelming.
- By Tom Winnifrith |
- 13 February 2020, 10:38 |
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Barclays climbs the wall of worry...whilst Centrica still faces a wall of debt
Large cap value appraisal time in UK stocks today for me. First up Barclays (BARC), a share which I last properly wrote on back in August where I opined that it should be trading above 200p. Well it is not too difficult to get a bounce in a share price from the dog days of early August and despite today's 2.5% odd fall as I write, the shares are only just off a one year high. This is though no cause for huge celebration…
- By Chris Bailey |
- 13 February 2020, 09:30 |
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Is this the "social media" event that got shares in Eurasia Mining suspended?
Since Tuesday morning shares in Eurasia Mining (EUA) , a darling of the bulletin boards and the star performer on the AIM Casino so far this year, have been suspended. The longer the suspension lasts the more extreme conspiracy theories, both bull and bear, do the rounds. The company made one brief statement on Tuesday afternoon:
- By Tom Winnifrith |
- 13 February 2020, 08:26 |
Doctor, Doctor I Feel Like a New Share. Then Take a Look at Primary Health Properties
Hello, Share Breakers. Allow me to return to a company where a lot is going on and which seems to be progressing nicely. Primary Health Properties (PHP) buys up and builds new doctor’s surgeries and other kinds of modern health centre...
- By Malcolm Stacey |
- 13 February 2020, 08:25 |
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Nostra Terra was forced to come clean on Matt Lofgran’s poison pill – this is no way to run a public company
On 5th February 2020 Nostra Terra Oil & Gas (NTOG) lied to shareholders as it admitted that Matt Lofgran had signed a secret deal that seems to give him a job for life however badly he runs the company.
- By Tom Winnifrith |
- 12 February 2020, 14:52 |
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Tom Winnifrith Bearcast: Sosandar placing, you were warned but for some folk it will be a shock and is enough to turn a man to drink
In today's podcast I look at the shocking behaviour of Sosandar (SOS) and at the even more shocking behaviour of some shareholders in Novacyt (NCYT), shares in which are grotesquely overvalued. I also look at Zoetic (ZOE) where my predictions have come to pass, and at United Carpets (UCG) which should, IMHO, delist from AIM pronto.
- By Tom Winnifrith |
- 12 February 2020, 14:52 |
Itaconix – Woodford pick with financial woes with another “pleased to announce” RNS...
I previously wrote on an announcement from self-styled “leading innovator (and thus, natch, a Woodford pick) in sustainable specialty polymers”, Itaconix (ITX) less than a month ago. However, it has already since announced “Introduction of New Detergent Polymer”, “New BIO*AsterixT Product Line” and today “New Supply and License Agreements with New Wave” – the latter currently seeing the shares at 1.50p, up more than 7% on the day…
- By Steve Moore |
- 12 February 2020, 14:34 |
Scapa – update includes arguing “we have the right vision and strategy to capitalize”… so why a 30%+ share price slump?...
Previously writing on Scapa Group (SCPA), in June I concluded the shares were already down from approaching 400p following the results – and are currently down a further more than 40%, below 170p on this latest. I note the stock has been a feature of our weekly Table of shorted AIM shares, though I suggest there may now be some value from here. However, the uncertainty seemingly everywhere with this company currently, sees it, for now, only on my watchlist. The shares last closed at 272p… but are currently back below 200p…
- By Steve Moore |
- 12 February 2020, 11:25 |