ShareProphets

Thursday 25 May 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


11 January 2013, 01:07 | By Tom Winnifrith |

Greggs: Poor Trading Update – Reiterate Sell at 444p

Yesterday Greggs (GRG), the leading bakery retailer in the UK with more than 1,670 retail outlets, released an update on trading for the Christmas and New Year period (5 weeks ended 5th January 2013) and for its 2012 financial year (52 weeks ended 29th December 2012). This included that the company anticipates that it “will report full year results broadly in line with expectations when we make our preliminary announcement on 13 March 2013”. However there were caveats and with concerns about the UK economy and consumer spending – particularly on the high street, the following is my take on the current outlook for this company…

10 January 2013, 01:21 | By Tom Winnifrith |

Centamin Publishes Record Q4 Results but that still leaves it as a sell

Centamin (CEY), the London and Canada listed gold miner operating in Egypt, has announced record quarterly gold production of 85,543 ounces for the period closing December 31st 2012 – taking full year production to 262,958 ounces, a 30% increase on 2011 and above guidance of 250,000 ounces. The shares have responded by currently trading just over 5.5p higher at 49.75p, capitalising the company at just under £550 million. The company emphasises the numbers as “particularly pleasing given the challenges faced during the year” but the announcement also makes clear that challenges remain. The following details my current view…

9 January 2013, 01:22 | By Tom Winnifrith |

Domino’s Pizza – Serving up a Tasty Trading Statement

Domino's Pizza (DOM), now a FTSE-250 constituent, has been a stellar recommendation from me historically during my 12 years at t1ps.com, but I am currently nervous about the UK economy and consumer spending outlook. Does that dim my faith?  

9 January 2013, 01:04 | By Steve Moore |

Blinx: KoldCast TV deal announced – Speculative Buy

AIM-listed blinkx plc (BLNX), which describes itself as “the world’s largest and most advanced video search engine” , has today announced a further partnership deal – this with KoldCast TV, an international television network of original entertainment programming.

9 January 2013, 01:02 | By Tom Winnifrith |

Dignity – Death is not a one way bet

AIM listed Funeral homes group Dignity (DTY) is one of those companies whose shares always look expensive, but then always seem to head higher. You always kick yourself for not buying the stock, after all we have an ageing population and so death ( like taxes) looks a sort of one way bet. As it happens, that is not the case. At a share price of £11.02 the company is now capitalised at £603 million. Is this justifiable?

7 January 2013, 01:00 | By Tom Winnifrith |

Wandisco – a 2014 PE of 103 but might still be cheap

Normally I would consider that a company that will be loss making unto, calendar 2014 but which at 493p trades on a 2014 PE of 103 would be a slam dunk sell. Wandisco (WAND) is just that company and it cannot be described as a tradition Benjamin Graham style value investment. But before Lucien Miers thinks about shorting the stock, I suggest that he reads on. This is not as simple as it sounds.

7 January 2013, 00:27 | By Tom Winnifrith |

Ruspetro: A shocking profits warning – what is fair value?

Ruspetro (RPO) has already served up a profits warning in 2013 and for its timing as much as its substance it is already in line to win an award for the biggest shock of the year.  The shares closed Friday at 83.5p, valuing the firm at £278.4 million but given that the release went live at 6.30 PM the stock will be hit hard on Monday. At what point should you buy if at all?

5 January 2013, 00:29 | By Tom Winnifrith |

Is Xcite Energy a speculative buy?

Shares in AIM and Canada-listed Xcite Energy (XEL) hit 395p in January 2011 as it reported on a successful “transformational well” drill on its flagship Bentley oil field in the UK Northern North Sea, 160 kilometres east of the Shetland Isles. However, market disappointment at a 10th May 2011 reserves report on Bentley saw the shares fall from 316.5p to close at 110p just seven weeks later. They hit a low of 67.5p in July 2012 and currently trade at 92.75p – capitalising the company at approaching £270 million. The stock is a darling of the Bulletin Boards. But is it good value?

4 January 2013, 22:16 | By Robert Sutherland Smith |

Barclays – Time to bank gains: The yield is too low

Because the yield is too low for a bank (in historic terms), Barclays Bank (BARC)shares are clearly viewed by the market as a ‘momentum’ stock; the elementary investment principle being, that because the shares are going up, buy some more? 

4 January 2013, 00:58 | By Tom Winnifrith |

Centamin: Is it exporting gold or not?

On 20th December fully listed gold miner Centamin (CEY) announced that “following the recently-announced export of gold and resumption of fuel supply, operations have now resumed at Sukari.” The market read this as meaning that output and cashflow generation was now back on track. The shares have thus rallied to 39.3p. But this morning, top broker Fox Davies has published a research report stating “We also understand that gold exports have again been suspended.” Well have they? A RNS statement from Centamin is called for pretty urgently. This is a critical matter but the answer does not matter but the episode reminds us of why the shares are a sell.

3 January 2013, 00:24 | By Tom Winnifrith |

Bellzone Mining: Good News & Hot sector but are the shares ahead of themselves?

Suddenly the price of Iron ore has picked up, spurred by a recovery in Chinese Demand. Iron ore stocks have responded with a number showing sharp gains in the past month. Among the winners is Anglesey Mining (AYM) but also Bellzone (BZM) which has assisted its cause with news on both of its projects in the West African country of Guinea. The Bellzone share price has pushed ahead by 3p to 16p over the past month valuing the company at £117 million but some brokers reckon that it could still double from mere. There is a bear case as well as a bull case.

2 January 2013, 00:22 | By Tom Winnifrith |

My 6th (of 7) tips of the year 2013: Buy Archipelago Resources at 60p

I promised you something for everyone in my 7 tips of the year 2013 and so I now bring you a profitable, cash generative gold producer with exploration upside. As a relatively low cost producer it will keep throwing off cash if the gold price does noting or even falls. At the current gold price it looks very cheap but if, as I expect, gold moves ahead sharply it is very cheap indeed.  My sixth tip of the year 2013 is Archipelago Resources (AR.) which, at 60p, is capitalised at £345 million. This is a stock where at $2000 gold you will double your money within a year.

1 January 2013, 00:14 | By Tom Winnifrith |

My 5th (of 7) tips of the year 2013: Buy Advanced Computer Software at 75.75

I promised you something for everyone in my 7 tips of the year 2013 and so I now bring you a profitable, very cash generative growth stock with strong defensive qualities and great ( largely contracted) earnings visibility which is very much a growth play. It is run by a bird who is the smartest cookie in tech and has a great track record over many years and although the shares may look highly rated they, in my opinion offer 54% upside on a one year view.

29 December 2012, 00:12 | By Tom Winnifrith |

Tip of the year 2 (of 7) – Buy Kryso Resources at 32p

In the vein of providing something for everybody, my second tip of the year is a gold company, AIM listed Kryso Resources (KYS) at 32p. Modestly, I should point out that I first recommended this stock at 13.25p on t1ps.com (my former website for 12 years before I started my new Nifty Fifty venture) in 2007 and so those who took that advice are already well ahead.  But the best is yet to come. Kryso is not yet a producer but by next Christmas it will be

28 December 2012, 00:11 | By Tom Winnifrith |

Tip of the year 1 (of 7) – Buy S & U at 915.25p

Over the next seven days I shall serve up seven tips for 2013. There should be something for everyone. In assembling this magnificent seven I start with company fundamentals and price. But I also take into account my macro-economic assumptions for the next 12 months. And, I am sorry to say, that I am not terribly cheery. I do not see UK GDP growing rapidly. Credit will be hard to obtain and consumer spending will not be strong. As such there is some merit in starting with a solid defensive play and that brings me to fully listed S&U (SUS) at a share price of 915.25p.

28 December 2012, 00:08 | By Tom Winnifrith |

Greggs – A bad 2012, 2013 will be worse: change of stance

I have always been a fan of Greggs (GRG) the UK’s largest retailer of sausage rolls, puff pastries and all the other sort of comfort food that helped me to become a diabetic. The company has always had net cash, benefitted from operational gearing and delivered solid year on year earnings increases. But in 2012 things appeared to start to go slightly awry and the share price has fallen from 550p at the start of the year to 458p. As recently as 7th November I foreasaw a bounce ( at 470p) but I have been reviewing my assumptions about UK consumer behaviour. As such I apologise for that bad call, a volte face is on the way.I would like to buy this stock as fundamentally it is a good business serving six million Britons each week. But ....

25 December 2012, 00:03 | By Tom Winnifrith |

Aquarius Platinum – A Biblical Set of Plagues survived – now the recovery?

I have tipped fully listed ( and JSE listed) Aquarius Platinum (AQP) three times in my life: once at Red Hot Penny Shares and twice at t1ps.com. Each time we have sold and booked handsome gains but the past 12 months have seen the company have to weather a series of plagues reminiscent of a biblical torment. 

22 December 2012, 00:04 | By Tom Winnifrith |

Highland Gold: A 2013 Recovery Play?

Like many junior miners, AIM listed Highland Gold Mining (HGM) has seen its share price decimated during 2012. The stock traded at 197p at the start of the year but now sits at 91p valuing the Russian based gold producer at just shy of £300 million. Indeed during the past few weeks as folks have worried that the great bull run in the gold price is about to end the shares have lost 20%. I do not think gold is heading lower. So is Highland a recovery buy or is the sell-off only just beginning? I sense we may be close to the bottom.

21 December 2012, 00:06 | By Tom Winnifrith |

Domino’s Pizza – a buy ahead of results?

During my twelve years at t1ps.com I tipped fully listed Domino’s Pizza twice. The first time was in June 2001 at 62p – I advised selling at 693p in 2007 (a gain of 1018%). The next time I tipped the shares at 193p in July 2008. The share price is now 494p. Not a bad return for share tip given that there is a decent dividend stream on top. But now we face not only a Christmas trading statement * due out January 8th) but also full year numbers (for the 53 weeks to December 30th) which will be out on 25th February. I am a bit nervous about soft consumer spending, fearing that on the high street at least Christmas will be a washout. So what should one do with Domino’s which is today capitalised at £810 million.

20 December 2012, 00:01 | By Tom Winnifrith |

Buy Impellam after Trading Update

AIM-listed staffing and outsourced support services company, Impellam (IPEL) is a big success from my time at t1ps – the website I founded in 2000 and edited until September of this year when I departed to launch the Nifty Fifty offering. I recommended the shares on t1ps at a share price of 40p in September 2009. Today the stock trades at 315p valuing the company at £141 million after a trading update yesterday. This is still a great long term buy.

5 hours ago | By ShareProphets |

The May edition of the UK Investor Magazine is live - Tips, UK Investor Show photo feature, and the the end of the EU

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.

.

4 days ago | By ShareProphets |

New Bulletin Board Moron of the Week Contest - sponsored by Quindell founder & fraudster Rob Terry

This week's sponsor, serial company founder Rob Terry, has been in the news this past week over a lawsuit brought by Aussie legal poltroons Slater & Gorden claiming to be deceived over the legal division that they bought from Quindell. Slater & Gordon will probably do just fine unless Quindell (QPP) or Watchstone (WTG) as it is called these days, points out ShareProphets sent S&G a docket of articles before the purchase went through. Anything to help the boys and girls at Quindell!

7 days ago | By Malcolm Stacey |

Introducing A Newly Listed Company which Is Making Piles of Cash

Hello Share Twiddlers. Continuing my theme that companies which build houses should do jolly well out of the various election promises to stimulate house building, I offer for your critical perusal another lot which services the building industry.

6 days ago | By Cynical Bear |

‘Kin ‘ell, Steve, you missed a trick or two, what are you playing at? Where’s the warm welcome back for L1 Capital?

I’ve been away for a few days so just catching up on matters and first things first, I need to pick up my normally excellent colleague, Steve Moore, on a couple of glaring ommissions in his piece on Kin Group (KIN) and its funding announcement earlier this week. It was rather rude after all to not give a warm welcome to an old friend.

7 days ago | By Tom Winnifrith |

The graph that makes the case for Not Voting at all - the three main parties are ALL deficit denying liars

The graph below is terrifying and makes a strong case for not voting at all in the General Election. It tracks the tax burden - the amounts the State takes from its citizens as a percentage of GDP. This is horrifying.

.

7 days ago | By Tom Winnifrith |

UK Oil & Gas - Steve Sanderson you are either a liar or a deluded fool or both

As we predicted here, the UK Oil & Gas (UKOG) placing to raise £6.5 million has finally limped over the line at 0.8p. Lagos Securities had tried to raise the cash at 1p but we outed them and the price had to be slashed. The shares were 1.4p before the roadshow started. So how would you describe a placing that has seen the market cap slashed from £36 million to £22 million pre-new money as the shares tumbled. Over to odious prig "little" Steve Sanderson.

6 days ago | By Steve Moore |

Revolution Bars – from ‘platform to be confident about our prospects’ to profit warning in less than 3 months

“Trading Update” announcement from Revolution Bars (RBG). With the shares having been falling from above 210p earlier this week, what the chances that it is positive news?...

6 days ago | By Cynical Bear |

MySQUAR: it’s all kicking off, let’s take a proper look

I feel partly to blame for the ongoing war between the bears and bulls on MySQUAR (MYSQ) as I started covering the company at the start of the year on this site with a piece that was largely a writing exercise to see if I could write 400 words without using the letter ‘e’ (HERE). So I thought I’d better give it a more considered view now as I do have a bit of relevant expertise.

6 days ago | By HotStockRockets |

ECR Minerals China subscription update - like pulling (Dragon's) Teeth but shares will zoom soon

The great £553,564 investment by Shenyang Xinliaoan Machinery Co Ltd into ECR Minerals (ECR) announced on 27 February grinds on.

6 days ago | By Steve Moore |

LightwaveRF – follows ramparoonie with half-year results showing continued cash burn

Commenting yesterday on the “Launch of Google Assistant voice control” ramparoonie (Oops) RNS announcement from LightwaveRF (LWRF), I suggested it clearly currently remains cash burn ahoy, with results for the six months ended 31st March 2017 following today

6 days ago | By Tom Winnifrith |

Union Jack Oil at 0.14p - worth up to 0.98p: SP Angel

SP Angel is houes broker to Union Jack Oil (UJO) so take its notes with a pinch of salt. Bur I rate analyst Zak "The Knife" Phillips highly and as such today's reiterated buy stance after the news from Wressle cannot be totally ignored. As for the target price! The Kinfe writes:

6 days ago | By ShareProphets |

Table of shorted AIM shares - week to 19/05/2017

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

5 days ago | By Tom Winnifrith |

Interquest - sell in the market: chairman Gary Ashworth acts like a prize tosser

Interquest (ITQ) has now announced that there is a formal offer at 42p per share in cash from an MBO team led by Gary Ashworth. That would be the same Ashworth who told us after the last profits warning that the future was bright and the shares were cheap at 52p.

5 days ago | By Tom Winnifrith & Steve Moore |

Zytronic – strong interims - lets bank our profits

Zytronic (ZYT) has announced results for its half year ended 31st March 2017 and that “the second half of the year has started well and is in line with expectations and on this basis we expect to make further progress in creating value for shareholders”.

4 days ago | By Lucian Miers |

MySQUAR, a total basket case. Sell at 5.1p

I wrote recently about AIM listed BNN Technology (BNN), a flaky and wildly over promoted China tech play, but having had a look at Burmese tech play MySQUAR (MYSQ), BNN looks a solid blue chip.

4 days ago | By Steve Moore |

InterQuest – an angry shareholder writes…

Having announced it is to make a 42p per share offer for InterQuest (ITQ) (Tom made his thoughts clear on the offer HERE) the following features the management buyout team’s (Gary Ashworth, Christopher Eldridge and David Bygrave, (‘Chisbridge’)’s) reasonings for the offer (in bold italics) and my responses following…

5 days ago | By Tom Winnifrith |

Investigative Journalism is NOT insider dealing - even our own house BBM Wildes should get that

Our in-house Bulletin Board Moron Wildes has his knickers in a twist claiming that our multiple scoops on the placing at UK Oil & Gas (UKOG) are in some way insider dealing and that the share price crash is down to us. Bollocks. I shall try to make this simple, so that even a simpleton can understand.

5 hours ago | By ShareProphets |

The May edition of the UK Investor Magazine is live - Tips, UK Investor Show photo feature, and the the end of the EU

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.

.

5 hours ago | By Tom Winnifrith |

New Bulletin Board Moron of the week sponsored by Granny Snuffs & Wildes

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.

.

1 day ago | By Tom Winnifrith |

Fruitcake backers Arron Banks & Jim Mellon plus AIM dog Manx Financial get Private Eye duffing up

Arron Banks is a big UKIP backer as is his pal Jim Mellon, although the old asset stripper of Uramin infamy is not actually allowed to vote in the UK as he lives offshore in the Isle of Man. Private Eye this week looks at how the two men have not exactly prospered by backing the underperforming, sub scale, IOM-based, AIM-listed, bank Manx Financial (MFX). It also questions whether Banks is as rich as he claims. Enjoy...

2 days ago | By Cynical Bear |

Echo Energy – Insane valuation; James Parsons is not worth £100m, he’s not a magician: SELL

My last piece rather naively thought that Echo Energy’s (ECHO) new institutional equity investor, Spartan Fund, or Pegasus Fund as it became, would want to put its funds in at a fair valuation and thought the share price would go down. I was wrong and must assume that it is all part of the connected group of institutions and individuals here that have led to an insane valuation that appears to indicate that the mere mention of James Parsons is worth £100 million. That is nonsense and this is a massive sell.

12 hours ago | By Nigel Somerville, the Deputy Sheriff of AIM |

SCANDAL: Redx Pharma – goes tits up & blames thieving scousers, just 3 months after raising £12m

It seems to be perfectly acceptable for companies on the Casino to complete fundraisings inadequate to see them solvent. Yesterday at 4.22pm shares in AIM-listed Redx Pharma (REDX) were suspended “pending an announcement” by AIM Regulation (the RNS following at 4.35pm – bit of a rush there fellas?) At no-one-is-watching o’clock (6.35pm: after-after-hours) the company announced that administrators had been appointed - just 3 months after the company had apparently raised £12 million in a placing and open offer. Coke and hookers all round for the Nomad and Brokers concerned. Stale bread and water for those sold this particular pup.

1 day ago | By ShareProphets |

10 Reasons why Gold really is going to head much higher - do not miss out

The world's best known resource group Sprott has published its monthly report and warns again that those with no gold exposure will lose out big time. Analyst Troy Reik writes:

.

1 day ago | By Tom Winnifrith |

Katoro Gold shares to more than double?

Katoro Gold (KAT) was once the joke stock Opera Investments which did appear "accident prone". But it has now had the gold assets of Kibo (KIBO) injected into it, done a fund raise, moved to the AIM Casino and is, apparently, a whole new beast. House broker Beaufort has published a detailed note explaining why the shares should soar from 5.25p to 11.7p. I should note that Kibo retains a 56% stake in Katoro and we own a few Kibo shares.

9 hours ago | By Steve Moore |

Petrofac – shares crash further on update on SFO investigation

An “Update on Serious Fraud Office Investigation and Board Change” announcement from Petrofac (PFC) sees the shares currently crashing further in response...

1 day ago | By Tom Winnifrith |

Strat Aero - announcing a contract worth £20,000 suggests sales pitiful - when's next rescue placing?

Strat Aero (AERO) the AIM casino listed company that under a former management team repeatedly lied to investors is still a joke. In January and February of this year it raised $1.23 million gross (call it $1.1 million net) promising that 2017 would be a turnaround year. One would hope so - in 2016 it lost c$3.5million. So how is it going? Not well I suggest, judging by a joke RNS today.

1 day ago | By Tom Winnifrith |

Take part in an up to £29m fund raise by FlowGroup via Primary Bid: Deadline 9 PM today!

This is a major fund raise by FlowGroup (FLOW). It has most of it in the bag and will raise up to £29 million. This is institutional territory but it is - very decently - letting in Private Punters via PrimaryBid with an offer announced at 5.12 PM today and which closes at 9 PM tonight.  The up to £4 million being raised is being done at 1p - the shares closed at 1.1p-1.15p. But this is not a party for spivs and flippers this is a proper City fundraise which FOR ONCE you can take part in - but hurry, the deadline is 9PM TONIGHT SIGN UP NOW HERE

1 day ago | By Tom Winnifrith |

Altyn - why should only institutions see the presentation? Here you go

I reckon that shares in gold miner Altyn (ALTN) are cheap as you can see HERE. Last week the company did a two day City roadshow (not raising cash) in which it gave a full presentation to fund managers. But why should the City boys & girls playing with other folks cash be the only ones to see the presentation? In that spirit...

2 days ago | By Malcolm Stacey |

Gushing On Two Fronts, this Scottish Oil Giant Is Rocking Through the Rye

Hello Share Crunchers. I hold stock in an awful lot of oil producers, perhaps too many. But one company which has never lit my fire is Cairn Energy (CNE). Maybe I should dip in, though.

11 hours ago | By Tom Winnifrith |

Waseem Shakoor explains all to Frontera owning morons once again...

The great bear raider Wassem Shakoor has termed Frontera (FRR) as one of the three most overvalued bits of crap on AIM. Another is MySquar (MYSQ) where Lucian Miers has just published a devestating expose HERE. Back to Frontera where Waseem has stuck it to the Bulletin Board Morons today. He writes:

2 days ago | By Gary Newman |

It's hard to see how BOS GLOBAL can justify its current market valuation!

There are plenty of companies on AIM where it is hard to see where the value is and why private investors are so keen to chuck their savings into the shares, and BOS GLOBAL Holdings (BOS) would certainly seem to fit the bill!

5 hours ago | By ShareProphets |

Not all our share tips give readers 12 day profits of 77% some take longer - catch next hot tip tomorrow for just £5 + the Falanx excitement and will we make another 100% on Obtala

Four times in the past three or four months we have advised our readers to bank big gains on shares we tipped - the one before the one before last was a 77% profit (offer to bid ) in just 12 days. But though we target quick gains, most tips take rather longer to make money for our readers. take Falanx (FLX) we tipped it last year at a 4.75p offer - it is a solid cashed up fast growing cyber security play. We like it so much we own a few shares too but won't be selling any of them till after our readers bank big gains. The shares are now 9.5p -10p! That is a potential 100% offer to bid profit!

13 hours ago | By HotStockRockets |

1Spatial – disappointing results (as expected), but more recent trading encourages: BUY

Results announced by 1Spatial (SPA) for its year ended 31st January 2017 are disappointing – though we previously stated they would be and note new management’s current year objective “to ensure that we generate cash and profitable adjusted EBITDA, as well as follow through on key strategic initiatives… Early trading in Q1 2018 has been strong”.

9 hours ago | By Tom Winnifrith |

Arian Silver: Pump & Dump, Mislead Investors, Executive Greed - why do I bother?

A chap for whom I have some time some of the time asked me why bother sticking it to Arian Silver (AGQ), a worthless piece of crap on AIM. Will it make any difference to the charade, to the game which sees userless tossers like Arian's CEO Jim Williams get ever richer, crony capitalists earn fat fees and investors get buggered again and again and again. No. My writings won't change that. And the chap is right in that it will just make a few more pathetic wretches who would rather lose money than accept the truth hate me. Yup. He is right.