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SHOCKING: We publish more court papers on Frontera - what naughty, naughty boys
Oh dear it is bad enough when your own lawyers are suing you but it now gets worse for Steve Nicandros and Zaza Mamulaishvili of former AIM darling Frontera Resources (FRR). It seems that FTI, the administrators, of the main operating subsidiary think that Steve and Zaza are frustrating their work and so they too are going to Court as the papers below show. Enjoy...
- By Tom Winnifrith |
- 3 August 2019, 07:34 |
Autins Group – “pleased to confirm” & “delighted to close”… significantly discounted placing. Wonder why?...
Previously writing on Autins Group (AUTG), in June I noted deteriorating finances and concluded bargepole / sell. The shares have recently been around the 28p of then, but now placing news…
- By Steve Moore |
- 3 August 2019, 07:34 |
Podcast: Gold is Going Higher, We are in Another Bull Market
Libertarian author Doug Casey ikes to look for the general market trend and remains not only a gold bug but today a gold bull. He feels there is a lot of upsides since all of the currencies of the world are just floating abstractions issued by bankrupt governments for political purposes.
- By Tom Winnifrith |
- 3 August 2019, 07:30 |
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SHOCKING Court Documents show Frontera bosses being sued by their own lawyers
Is the whore blogger, fat bastard Malcolm Graham Wood still insisting that the late Frontera Resources (FRR) will come good and that its bosses Steve Nicandros and Zaza Mamulaishvili were top bananas? Or is the fact that he is no longer receiving, undeclared, brown envelopes prompting a change of tune? Meanwhile the court papers I publish below suggest that Steve & Zaza lied to their own lawyers about paying bills and other matters. Having offered up personal guarantees for Fronter's bills and also not paid it seems the lawyer is now seeking to reclaim c$800,00 plus costs. Enjoy......
- By Tom Winnifrith, The Sheriff of AIM |
- 3 August 2019, 06:54 |
Shares Take a Double Whammy, But Who Cares? Not Me.
Hello, Share Snatchers. The huge lurches down and up made by the share markets on the day’s news always amazes me. Yet that news is nearly always a nine-days wonder which makes no difference in the end. I’m also bewildered at the lack of many investors’ realisation that this volatility is (perhaps subconsciously) engineered by the world’s biggest traders so that they can make money.
- By Malcolm "Project Fear" Stacey |
- 3 August 2019, 06:54 |
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Tom Winnifrith Bearcast: On the nature of fraud, the demise of spiv broker SVS, Versarien and other sordid matters
I reflect on two sorts of fraudsters in the news, King conman Rob Terry HERE and chaps at Goals Soccer Centres (GOAL) HERE. I offer a cameo of life here in Greece explaining why the economy is such a joke, discuss Versarien (VRS) its latest news, the kiss of death from Zak Mir HERE, and its valuation and also comment on Optibiotix (OPTI) and the demise of the spivs at SVS Securities
- By Tom Winnifrith |
- 2 August 2019, 16:30 |
Airea – interims, argues “well placed to moderate… risks and take advantage of growth opportunities as they arise”. Hmmm…
Towards the end of June I concluded on commercial floor coverings company Airea (AIEA), 55p, capitalising the company at circa £23 million… suggests potential value… but the apparent pace of the current decline concerns. Half year results are scheduled for 2nd August but, ahead of any more insight there, currently I’d sell / avoid. We now have the results – and the shares are currently down towards 40p in response…
- By Steve Moore |
- 2 August 2019, 15:40 |
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Updated # 2- SVS Securities shutting down
Updated: The rumour is SVS Securities is shutting for business. Is this the end for broker to esteemed enterprises such as Westminster Group (WSG) and Mosman Oil & Gas (MSMN) and another sign of how tough things are developing for brokers at the lower end of AIM? Certainly, calling the company has not seen anyone pick up the phone to us...er yes: all staff were asked to leave the building at 11 AM. Expect a forman announcement on Monday. So much for the FCA keeping investors informed...
- By Tom Winnifrith & Steve Moore |
- 2 August 2019, 13:35 |
July performance update: start of 2019 shorted AIM shares
Early this year we showed the Shorted AIM shares at the start of 2019. How's the performance at the end of July? (those in bold remain from 2018)...
- By Steve Moore |
- 2 August 2019, 12:35 |
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Dividends, BT Group, RBS and me
When did Friday's get so busy in the regulatory news statements world? Hello the global corporate quarterly earnings season I guess...by my reckoning my ninety-second. Roll on the nice neat century in a couple of years time or so. Akin to being the complete investment sad-o that regular readers know that I am, I did a search on today's first quarter numbers from BT Group (BT.A)…
- By Chris Bailey |
- 2 August 2019, 10:08 |
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Goals Soccer Centres – the scale of the fraud starts to emerge, staff must surely face jail time
If the Quindell fraudster Rob Terry is, this morning, wondering who his roomie will be when he goes down, perhaps he may be able to discuss accounting fun and games with a member of staff from Goals Soccer Centres (GOAL) which has today fessed up to the scale of its problems as it admits its days on AIM are almost over.
- By Tom Winnifrith, The Sheriff of AIM |
- 2 August 2019, 09:51 |
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Volex – trading & dividend ahead of expectations and further growth potential
Following a new revolving credit facility (up to $40 million “on significantly improved terms, which reflects the ongoing strength of our business”), there’s now AGM and acquisition announcements from recent share tip, Volex (VLX)…
- By Tom Winnifrith & Steve Moore |
- 2 August 2019, 09:51 |
Redemptions Watch – a good day for Neil Woodford’s Income Focus Fund as Kier reassures
The big news yesterday was that Kier Group (KIE) decided to rush out a trading statement after all, having quietly tried to side-step one on 30 July. It is good to see the management in full control! But the statement did not seem so bad and the shares shot higher by around a third, which was really good news for Neil Woodford, who holds around 15% in his funds. The other good news was the dividend, which actually went up on a year ago. Sackcloth and ashes for me.
- By Nigel Somerville |
- 2 August 2019, 09:51 |
You could not make it up – look who is sponsoring the crony capitalist beanfeast that is the AIM Awards
Each year 1200 crony capitalists dress up in DJ’s and party frocks to attend the AIM awards dinner. Of course, ultimately, it is shareholders like you, ordinar investors, who pay for this obscene bean feast. They put up the cash the companies pay the advisers who then book the tables at thousands of pounds a pop. Shareholders lose money on AIM, fat cat directors and crony capitalists swill champagne at their expense. What is not to like? So which fine firms are sponsoring this year’s event? You could not make this up…
- By Tom Winnifrith, The Sheriff of AIM |
- 2 August 2019, 09:47 |
Location Sciences Group – longer sales cycles impact “will be mitigated by the expansion of the US team and increased investment in business development”. Will it?...
Previously writing on Location Sciences Group (LSAI), in November I questioned fundraising “to accelerate the growth” from a “leading position”, Really?. The latest from the company is “Trading Update and Appointment”… at an 08:31am. Hmmm…
- By Steve Moore |
- 2 August 2019, 09:15 |
Big Insurer RSA Sells more Premiums as Divi Rises and Claims Fall
Hello, Share Squeezers. The insurance sector has been static as of late, after a few months of steady progress earlier. It’s those Brexit fears and the low pound that’s to blame, just as it is with banking stocks which are similarly mired. But one of the big companies, RSA Insurance Group (RSA) - the old Royal Insurance Company - has just released numbers which are encouraging...
- By Malcolm Stacey |
- 2 August 2019, 09:10 |
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BREAKING – Rob Terry walks away from public life – did the SFO pounce on the Quindell fraudster last week?
We know that the Serious Fraud Office investigation into the Quindell (QPP) mega fraud is well advanced. Is this a sign that it is about to get really interesting?
- By Tom Winnifrith, The Sheriff of AIM |
- 1 August 2019, 21:49 |
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BP – Q2 2019 results, an Income buy?
BP (BP.) has announced 2019 second quarter results, emphasising “continuing to deliver strong performance and strategic progress”…
- By Tom Winnifrith & Steve Moore |
- 1 August 2019, 15:50 |
July performance update: start of 2019 top shorted London-listed shares
Early this year we showed the top shorted London-listed shares at the start of 2019. How's the performance at the end of July? (those in bold remain from 2018)...
- By Steve Moore |
- 1 August 2019, 15:40 |
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Tom Winnifrith Bearcast - ouzo time thanks to St James House
In today's bearcast i shut the windows at the Greek Hovel to cut out the noise of the cricket circus. I really could stay here for good and not come back to the UK. The Mrs is not so sure but she is warming to the idea. In the podcast I look at St James House (SJH) a POS handing me a bit of a triumph as accounts restated, Big Dish (DISH) - which I expose for lying and mugging poor old Malcolm Stacey HERE - have some folks no shame? I also look at Kier (KIE) and Thomas Cook (TCG).
- By Tom Winnifrith |
- 1 August 2019, 13:24 |