Xeros Technology (XSG) has updated commencing; “Following completion today of the placing and open offer announced on 31 October 2019 in which certain members of the board participated at a price of 1p per ordinary share, the company provides the following update regarding the holdings of the directors:” – and the shares have currently responded higher, back above 1p…

Any time someone registered via this website takes part in a Primary Bid offering we earn a few quid and so for that reason I urge you ALL to sign up HERE as, now and again, Primary Bid has some good offers. Today’s offering to raise up to £1 million at 0.3p from Infrastrata (INFA) is not such an offer.

Brand Architekts (BAR), formerly Swallowfield, has updated concluding “we are well placed to navigate and grow in this market. As a result, the board expects to deliver positive progress for the full year”. The shares have responded currently to around 165p – 10% lower. Hmmm…

`Curiouser and curiouser!' cried Alice (she was so much surprised, that for the moment she quite forgot how to speak good English); `now I'm opening out like the largest telescope that ever was! Good-bye, feet!' (for when she looked down at her feet, they seemed to be almost out of sight, they were getting so far off). `Oh, my poor little feet, I wonder who will put on your shoes and stockings for you now, dears? I'm sure I shan't be able! I shall be a great deal too far off to trouble myself about you: you must manage the best way you can; --but I must be kind to them,' thought Alice, `or perhaps they won't walk the way I want to go! Let me see: I'll give them a new pair of boots every Christmas.'

Once again, as happens several times each week, the word vindication springs to mind. You cannot say that you were not warned countless times, right from the time of its IPO to the near reading of the last rites today, that this crock of shit would end in tears. That moment is almost upon us.

I wrote positively about PetroTel Corp (PTAL) in June and could see real potential for a business of significance to be established. I saw the largest risk being the technical risk associated with ramping up production to plan and even general social unrest in Peru did not seem to impact the investment case. Yesterday we were provided with the news that the cash position had been miss-stated in an operations update on 21^st October. The implications draw me to now call this a sell.

Hello, Share Crunchers. All right, it’s not been long at all since I last brought Creightons (CRL) the fifty-bagger to your attention. But as the price keeps pushing onwards and today we have interims. Thus it’s probably appropriate to ask if the top approaches. For what’s it’s worth, I don’t think we are near the loftier prices we might expect. For these reasons. 

Previously writing on SRT Marine Systems (SRT), in October I commented including noting reliance on continuing to progress as expected, and what about debt (£5 million at 31st March)?, with it also stated it has “paid for significant quantities of equipment required to complete scheduled project delivery milestones during the second half of the year”. Now half-year results, including reiterating “the board remains comfortable with achieving market expectations”…

I want to get in there before my colleagues and flag up that the valuation of the ramp du jour AFC Energy (AFC) is absurd and that the company is drowning in red flags. Reading some of the Bulletin Board posts this smells just like Cloudtag although obviously it is not a Norfolk. Natch. I want to makle that clear.

My pal, Liverpool’s top share blogger, Doc Holiday calls many shares correctly but his latest twitter call on Standard listed Chesterfield Resources (CHF), below, is bonkers. He is ‘avin’ a Turkish when he claims that the shares, now 3p-3.5p could be trading at 15-20p. Let me explain…

Ariana Resources (AAU) “is pleased to announce recent resource drilling results” – with it emphasising the potential for “a significant positive impact on the life of mine and the future economics of the operation”…

UK and Europe online electrical retailer AO World (AO.) has announced results for its half-year ended 30th September 2019, emphasising “pleased with the operational progress that we have made in this period… on track with our plans for sustainable growth” – and the shares have currently responded higher, towards 65p…

One of the most important disciplines in this game is knowing when to do nothing and until the UK election is out of the way I think it is wise to stay on the sidelines. My political predictive skills are far from perfect and while Johnson is fortunate to have Corbyn as an opponent and ought to gain an overall majority, which would almost certainly trigger a rally in sterling and the beaten up UK-based companies, I am happy to wait for the result before acting. The gulf between left and right both here and in the US is so huge that the idea that decent companies will prosper whatever the political outcome no longer holds good. As for the short side, as is usual at the tail end of a long bull market, the market is extremely tolerant of frauds and over-promotions which is extremely frustrating for bears...

Previously writing on self-styled “global leader in LED lighting for heavy industrial applications” Dialight (DIA), in August I questioned “increasingly well positioned”, concluding the current reality though, rather than the jam tomorrow, sees the shares presently back towards 350p – and, with the market cap still more than £100 million, the risk/reward at this juncture still sees my stance sell / avoid. Today a “Trading Statement”…

In today's podcast I look at the British Journalism Awards and Neil Woodford ( no shocks here folks), Union Jack Oil (UJO) and that planned placing, Tissue Regenix (TRX) as the FD walks, FastForward Innovations (FFWD), and at Plutus Powergen (PPG) , dire news and surely looming insolvency and yet more evidence of not gviving a flying wotsit about stockmarket rules.

Having listed on AIM in March 2014 at 123p per share, Xeros Technology (XSG) recently announced it “proposes to raise approximately £5.0 million before fees and expenses by a placing... an open offer to raise up to £2 million before expenses… at an issue price of 1 pence per share”! As Nigel Somerville noted, it another rescue bailout fundraising for what had been styled as a ‘revolutionary’ (this time in the world of washing machines) – and thus, natch, Neil Woodford was a major investor. Now “Results of Open Offer”…

Hello Share Twiddlers. I think I've commended British Land (BLND) to your further inquiry in the past. But stories change and I’ve modified my optimistic view. I feel the latest set of - half-year - numbers isn't too encouraging. The company lets out property to retailers. And we all know the High Street has been beset by closures and liquidations recently. For British Land, net rental income fell by nearly a tenth to £243 million...

Okay AIM is loathe to boot off any company given how the World’s Most Successful Growth market is shrinking and Lagos Securities just wants retainers so will act for anyone, I answer my own question. But even by the standards of the AIM Cesspit, surely there comes a point where one says “enough is enough.”

In today's podcast I look at Brady (BRY), Westminster Group (WSG) the dog run by disgraced former Tory MP Tony Baldry of 3DM infamy, Inspirit (INSP), Koovs (KOOV), Neil Woodford dog Verseon VERS) where it must surely be almost lights out time and at IQE (IQE).

A “Placing and Subscription” announcement from LightwaveRF (LWRF) in August included “the board believes the additional funds will accelerate the company into becoming a significant, profitable Smart Home device and technology player… following completion of the fundraising, the company confirms that it will have sufficient working capital for its present operational requirements”. Today “Strategic Review including formal sale process”!...