The pain in Spain falls mainly on….everybody. But right now it is investors in a range of solar schemes that are taking an almighty beating and there is a lesson and warning here for anyone considering backing any one of those numerous solar or wind schemes you see flagged as sure-fire winners across the globe.
Last month, with its shares at 15.625p, I concluded here that the risk-reward trade off with China-focused, AIM and Aussie listed, gas explorer Leyshon Resources (LRL) continued to look attractive. The company has since announced what it emphasises as “a very encouraging early step in de-risking” its Zijinshan gas project.
The U.S. Comex gold futures rebounded 1.33 percent in the past two days to $1,415.80 on Thursday while the Dollar Index plunged 1.49 percent to finish at 81.537 on Thursday.
Are you may imagine, being a Chartist I have no other means of determining the merits of a company other than the squiggles on the screen in front of me. In the case of Fastjet it had been apparent that a recovery was on the cards, it was simply a question of timing as to when the shares would break the parameters of a bullish falling wedge formation which has been on the daily chart since the beginning of the year.
On 23rd May it was announced that Parkmead (PMG) was to buy Lochard Energy (LHD) in an all share deal worth c 4.9p per share. 41% of Lochard shareholders have agreed unconditionally but some – including the former CEO are trying to block the deal.
Notwithstanding its profits warning earlier this week AIM listed gold producer Goldplat will maintain its dividend claims house broker SP Angel and thus at 7p the stock yields 8.6%.
Alliance Pharma (APH) is in the news today as it has announced an $11.5 million (£7.5 million) acquisition of all existing rights to the ‘Syntometrine’ drug from industry major Novartis
Sanderson Group (SND), the AIM-listed software and IT services company specialising in the multi-channel retail and manufacturing markets in the UK and Ireland, has announced a pre-tax profit from continuing operations of £0.852 million (up from £0.624 million) on revenue up 3.7%, at £6.37 million, generating earnings per share of 1.84p (up from 0.87p) for the six months ended 31st March 2013.
I offer no comment on this weekly feature it is a simple matter of observation. The two tables below show the most active discussions on the ADVFN and iii Bulletin Boards as of a Thursday morning.
Specialty pharmaceutical company Alliance Pharma (APH) has today announced an $11.5 million (£7.5 million) acquisition of all existing rights to the ‘Syntometrine’ drug from industry major Novartis. This is part of its strategy of buying in “orphan” brands from majors which it can then monetize by flogging through its existing sales infrastructure.
Ostensibly the interim numbers released late last month by AIM-listed collectibles company Noble Investments (NBL) didn’t make positive reading – showing a pre-tax profit down from £2.42 million in the comparative prior year period to £0.504 million on revenue, excluding a £1.39 million contribution from the December acquired Fine Art Auction Group Ltd, 4.5% lower.
Specialist environmental support services group Silverdell (LSE: SID) announced its results for the six months ended 31st March 2013 yesterday.
Although it can be seen from the daily chart of Cyan over the past couple of years that the shares and their road to recovery have been peppered with false starts, traps and gaps, through all the noise we still have the fact that 2013 support above 0.4p was a major higher low versus the multiple bear traps over the middle of last year.
Premier Gold Resources is not a stock which was on my personal radar in terms of potential recovery situations. However, it was offered up to me by a kindly Twitter follower. What can be seen on the daily chart currently is that we appear to be in the run-up to a combination of a bear trap reversal, and a W-shaped rebound contender.
Perhaps more than anything else what gives charting a bad reputation is when what appears to be the perfect formation/pattern then goes and gives traders a slap in the face.
There are some recovery situations where a great deal of head scratching and soul-searching is required to finally plucked up the courage and press the buy button. However, it would appear that after an exceedingly long wait Cadogan Petroleum as returned as a likely share price revival contender, and done so in style.
It is quite clear from the daily chart of African Eagle in recent months and years that this is certainly not the type stock that dreams are made of, unless of course you are a bear.
FTSE-250 engineering, procurement, construction and technical support services group, Kentz (KENZ) has announced it has been awarded its “largest US contract to date” - this for the Point Thomson gas cycling and condensate production plant in Alaska.
A great album by the Sex Pistols, one of the greatest albums ever, and although Johnny Rotten did not know it of the time, the perfect retort to the latest article on Cupid by Tom Winnifrith.
There is something comforting about Greggs (GRG) the Newcastle based convenience food company; as reassuring as Geordies cheerfully tucking into sausage rolls, whilst sitting astride a cask of Newcastle Brown to the sound of a brass band playing “Pick ya feet up Geordie Hinnie” - and what is wrong with than man, do I hear you ask?
The May edition of the UK Investor Show Magazine is live featuring three share tips from Gary Newman, the Greek meltown is worse than everyone thinks, and the EU is not fit for purpose plus a photofeature from the 2017 UK Investor Show.
The nauseating Mail on Sunday fawned upon Pippa Middleton and her ghastly family as they celebrated the "wedding of the Year". Bring on the revolution! But perhaps the real wedding of the year should be between our two very own in-house Bulletin Board Morons GrannySnuffs & Wildes who seem made for each other. can you find examples on the LSE Asylum, iii, ADVFN or twitter of comments more idiotic than those of our own dream team? If so post in the comments section below, the deadline is midnight Sunday 28th May.
Having explained how folks paying up to 0.16p for shares in PGCE fully deserved the rogering they got on Friday after a new media rampfest turned sour I was startled to be told by some professional TW hater "but you tipped it, Doc Holiday said so". Au contraire.
At 5.30 PM on the Friday before the bank holiday, no-one is watching O'Clock, Fusionex (FXI) said that it was to delist from AIM. The shares closed the day off 2p at 129p but will absolutely crater Tuesday as this stinks as we have warned you so many times - as you can see HERE. Once again we are vindicated and the City pump & promote machine must hang its head in shame.
I was due to fly back to Greece on Saturday with British Airways but I did not. It is not for the reason you think, there being no British Airways flights at all out of Heathrow and Gatwick due to an IT bollocks up, but for other reasons equally damning of the airline, now part of International Airlines Group (IAG).
Petrofac (PFC) has seen its share price get absolutely hammered in recent weeks, and although some will probably think I am mad, I can see a buying opportunity here at these levels.
Union Jack Oil (UJO) has announced that Egdon, the operator of blocks PEDL180 and PEDL182, the Lincolnshire based Wressle prospect, has received a variation to the Mining Waste Permit. Union jack has a 15% stake in Wressle where progress in getting the field producing has been delayed by NIMBY's at the County Council.
The case for suing Nomad Cantor Fitzgerald over the African Potash (AFPO) fraud builds. It may be that CEO Lyin Chris Cleverley is also sued by shareholders who lost out although it is suspected that he has little in the way of assets so it may be worth sticking with Cantor. The man running the case Peter Petyt has just sent the following update with intriguing new information:
Having asked for readers tips for 2017 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2017)...
Alliance Pharma (APH) has made an AGM update announcement, including that trading “is good and in line with the board's expectations” and that “cash flow in the business remains strong”. This is a healthy reaffirmation of our BUY tip of last month which is now well in the money.
Now that Roger "Ramper" Lawson has been resigned from ShareSoc in disgrace, ShareSoc it is starting to serve up some opinions of worth. Its latest comment on the RBS scandal is bang on the money and shows why the UK Financial system is flawed and will screw we little people every time.
AIM Listed fraud Eden Research (EDEN) has bneen shown to have committed FRAUD, has been panned by the FRC and is still under FRC investigation (whatever it says). But there coulde be an even bigger problem. In its AIM admission document Eden explained that an element of its terpene chemistry was licensed as set out below:
Hello Share Poolers. Shorting ain’t for moi. I’ve lost too much money, too fast to make it pleasurable. Painful is more the word.
International Consolidated Airlines Group (IAG) has been on a steady upwards trajectory ever since taking a big hit to its share price when the UK voted in favour of Brexit last June, but that rise looks like it is about to hit a brick wall following last week’s debacle involving British Airways.
Ai Yi Yi. The submissions this week were a right mess. Focus on the morons, people, the goal is not to be one yourself. Nevertheless, we have a worthy winner.
In this week's contest we are looking for special examples of folks who learned their maths the Diane Abbott way. The morons you nominate may have had a different hairstyle when they posted rubbish on a Bulletin Board or on twitter but that is no excuse. As ever we seek your nominations for Bulletin Board Moron of the week with a deadline of midnight on Sunday 4th June. Post away in the comments section below.
Well, apparently these two have few fans on ShareProphets as you can see from the submissions. But we've selected a first time winner.
Together Robert Sutherland Smith and Tom Winnifrith have now been working in finance for 71 years - the last ten or so together. Tom wishes to stress that RSS accounts for most of that, the great value investor starting his City career at the Unilever Pension Fund the year before Tom was born. In this book they outline 71 tricks of the trade for making money from shares.
Get the first ShareProphets Pocket Guide ebook, EIS - Buying shares with numerous tax breaks. Want to cut your income tax bill, get loss relief if your AIM listed shares go down, pay no CGT, avoid IHT - EIS could be the way and this book explains how.
Most investment books seem to be large enough to keep the front door open and while some contain gems it is hard to find them amid the verbiage. The aim here is to produce a short guide which simply cuts to the chase. I hope that it will provide food for thought for everyone from beginner to expert but whoever you are it should be quick and easy to read and digest.
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