Results

Filthy Forty Aquatic Foods – problems getting the cash out of PRC? Er…..

Published 6 days ago

Yesterday lunchtime (1pm – the new no-one-is-watching o’clock) ShareProphets AIM-China Filthy Forty purveyor of all things fishy, Aquatics Foods Group (AFG) served up a Q1 trading statement showing broadly flat sales, but rising costs. The really good news is that the cash-pile is even higher than before, at RMB 485 million – c. £54 million, or about five times the market capitalisation. The bad news….

Stuttard’s Septic Seven May update: another one bites the dust (Taihua 'where’s the website gone now' plc)

Published 15 days ago

Marcus Stuttard, head of AIM and the oxymorons of AIM Regulation, had a specially selected and beautifully diversified portfolio of AIM stocks chosen by ShareProphets back at the end of last September so that he could demonstrate his faith in the regulatory set-up of the market he runs. Naturally, there was nothing at all wrong with any of the companies picked: they were all trading on the Casino as normal, so we were just plain wrong to be Red Flagging them all for one reason or another.  We were just so, so wrong that……

Stuttard’s Septic Seven April update: Happy Easter Mr Stuttard, you are down 55%!

Published 43 days ago

Obviously the world’s most successful growth market is tightly regulated and supervised by Marcus Stuttard’s oxymorons of AIM Regulation, who seem incapable of applying their own rules. That is why we selected a beautifully diversified portfolio of stocks which we have Red Flagged here on ShareProphets but since Mr Stuttard’s well-oiled regulatory machinery is just so good there must be nothing wrong. Nothing at all…..which is why after 200 days the portfolio is down by 55%. Oops.

China FRAUD Aquatic Foods Q4 update: drowning in a sea of Red Flags

Published 70 days ago

ShareProphets AIM-China Filthy Forty purveyor of all things fishy, Aquatic Foods (AFG), has updated on 2016 Q4 trading this morning. In a statement plastered with Red Flags it would appear that the company is nearing the final chapter of the China Norfolk playbook as we are warned that there has been a spot of bother getting cash out of China. Is it bye-bye to the dividend? 

Stuttard’s Septic Seven – March update (or is that down-date?)

Published 71 days ago

Marcus Stuttard, as head of AIM, completely trusts and supports the regulatory framework of the world’s most successful growth market. As such, and ever keen to help, ShareProphets put together a beautifully diversified portfolio of AIM-listed stocks for him, so that he could demonstrate his faith in the system he oversees by investing in stocks which we have Red Flagged. How better than to put his money where his mouth is to show us that there is nothing wrong. Last time I revisited the portfolio it was down by some 23%. If that had Mr Stuttard feeling a bit queasy, he had better look away now….

Tom Winnifrith Bearcast: If it looks like a (Peking) Duck, walks like a (Peking) Duck, etc, etc

Published 124 days ago

Joshua is off at PC Nursery Ryhme class so I am free to record. In this webcast I look at Fitbug (FITB), Cloudtag (CTAG) - Waseem is just wrong! - Challenger Acquisitions (CHAL), Ascent Resources (AST), Aquatic Foods (AFG), China frauds in general and in detail - to help Andrew Monk - Haike Chemicals (HAIK). 

Stuttard’s Septic Seven – January update

Published 127 days ago

Marcus Stuttard, the head honcho of the AIM Casino would have us believe that the market is tightly regulated by his team of oxymorons at AIM Regulation. In order to demonstrate his faith in his own system we thought it a good idea to pick him a portfolio of seven stocks which we have Red Flagged so that he could put his own money into them and show us all that there is no problem of fraud on the world’s most successful growth market. Here is the January update for Stuttard’s Septic Seven.

Stuttard’s Septic Seven – update #3

Published 149 days ago

In order to show us all what faith Marcus Stuttard, the head of AIM, has in his team of oxymorons at AIM Regulation ShareProphets has selected a beautifully diversified portfolio of stocks for him to invest his own money into. Of course, all seven have been Red Flagged on this website but since was all know that all is well with the regulation of the world’s most successful growth market we are sure that Mr Stuttard will want to demonstrate his trust. At the last update his portfolio was down by 11.6%. Has it fared any better as we close out 2016?

Tom Winnifrith Bearcast: Mkango bitchez I am coming for YOU! Kick off 6 PM

Published 193 days ago

I am still in the Motorway service station at the Premier Inn but head to London shortly. For tonight it is myself and the old bank robber Brokerman Dan against Mkango Resources (MKA). Bring it on bitchez! In this podcast I also look at Aquatic Foods (AFG), NAHL (NAH), Slater & Gordon (SGH), Igas (IGAS), Redcentric (RCN) and MXC Capital (MXCP)

Filthy 40 Aquatic Foods – Q3 trading update

Published 197 days ago

Shares in ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) put on 35% on Friday, following release of a third quarter trading update. Drilling through some of the numbers they seem to be impressive, begging the question of why an apparently profitable and cash-generative company which is drowning in cash worth about three times its market capitalisation would be considering its dividend policy, having chopped the half-year payment by 71%.

Stuttard’s Septic Seven update: off to a flier!

Published 212 days ago

If Marcus Stuttard, the Sham Sheriff of AIM, really believes that the Casino is properly regulated, we think he should put some of his own money where his complacent mouth is by investing in a portfolio of companies which would demonstrate his confidence in his team of Oxymorons at AIM Regulation. We are such nice guys here at ShareProphets that we have helpfully compiled a beautifully diversified portfolio for him. We, ahem, AIM to please. With the original list having been complied on 29 Sept 2016, here is our first update, one month on – and it is off to a flier!

Marcus Stuttard, Sham Sheriff of AIM: here is your specially selected AIM Portfolio. Good luck, pal.

Published 242 days ago

If Marcus Stuttard, the Sham Sheriff of AIM, really believes that the Casino is properly regulated, we think he should put some of his own money where his complacent mouth is by investing in a portfolio of companies which would demonstrate his confidence in his team of Oxymorons at AIM Regulation. We are such nice guys here at ShareProphets that we have helpfully compiled a beautifully diversified portfolio for him. We, ahem, AIM to please.

Tom Winnifrith Bearcast: Happy Anniversary Mr Monk but you are 100% WRONG on Aquatic it is a Norfolk

Published 243 days ago

I wish Andrew Monk a happy wedding anniversary today but surely his fragrant wife should have got time off for good behaviour. But Monk is wrong on Aquatic Foods (AFG) it is a Norfolk, its interims out today make that 100% clear and I explain why. I note the suspension of Asian Citrus (ACHL) and I pose a new challenge to LGO Energy (LGO) about output and sales numbers which really do not add up. I look at RapidCloud (RCI) whose interims suggest a terminal conclusion and Zincox (ZOX) where a pompous chairman seems in denial about the grim outcome that lies ahead.

Vote Now in the Filthy Forty Pongy Poll! Which will be the next F40 casualty of the Sept 2016 reporting season?

Published 247 days ago

Last year’s Sept reporting season saw a raft of casualties as members of the ShareProphets AIM-China Filthy Forty either failed to release numbers on time and/or saw the Nomad quit. With less than one week to go until deadline day for interims to June 2016 (or finals to March 2016) there are ten of the remaining 17 members of our iffy index still to report (or announce that they won’t). Which will be the next to get suspended?

Filthy Forty – interims deadline looms: yet more executions afoot?

Published 252 days ago

Of the original 40 AIM-China companies we identified as our ShareProphets Filthy Forty, the steady attrition has seen that number whittled down to just 17 companies. The period either side of the reporting deadline for calendar 2015 numbers (30 June) saw further departures, but last year’s interims deadline saw a queue for AIM’s Death Row develop. How are we looking this time?

Tom Winnifrith Bearcast: come on Dad it is not a hard sum!

Published 286 days ago

These old folks they need mental exercise. Crosswords, jigsaws, Soduku, easy questions from their son. But my father fails on the how many days till Glenwick (GWIK) is suspended question. He says his mind is on higher things. Meanwhile I am still traumatised from being seen buying a copy of the Guardian for him. I look at Red Rock Resources (RRR), Glenwick, Leed Resources (LDP), Aquatic Foods (AFG) and China frauds, BoxHill (BOX) and naughty Lord Razzall - how is the bailout placing going your lordship? And I commend the recent work of Daniel Levi (Brokerman Dan) on Mkango Resources (MKA) where the old rogue is bang on the money. Mkango is truly worthless.

Filthy 40 China fraud Aquatic Foods: “Technical administrative delay” sees dividend postponed.

Published 286 days ago

Oh dear, oh dear. This does not look good. ShareProphets AIM-China Filthy Forty China fraud Aquatic Foods Group (AFG) has announced that it hasn’t paid its full-year dividend of 0.7p per share due to a “technical administrative delay”. Is that because there isn’t any cash?

China fraud Aquatic Foods – shares roofing it: surely a statement required?

Published 321 days ago

There are so many Red Flags surrounding ShareProphets AIM-China Filthy Forty Aquatic Foods (AFG) that it is hard to know quite where to start. One could consider the discount to cash, to profits, to assets and wonder why there have been no buy-backs announced just for starters, but there are plenty more to be found HERE. So why have the shares been roofing it?

Filthy Forty AIM Casino Elimination Stakes: now in the final furlong but a loose horse has already crossed the line!

Published 333 days ago

The race to see which of the twenty remaining ShareProphets AIM China Filthy Forty companies clocks up a suspension/delisting is hotting up as we enter the final furlong. Yesterday saw the loose horse of Grand Group (GIPO) – a non filthy forty runner but an otherwise well qualified AIM-China play nonetheless – cross the line first with a suspension as it can’t get its accounts out on time. But with a surprise late run GTS Chemical (GTS) now looks clear of the field as they head for the line after announcing plans to delist in August, subject to the forgone conclusion of a vote at its AGM.

F40 Aquatic Foods FY15 results. You’re ‘avin a giraffe, right? And a message for AIM Regulation.

Published 334 days ago

This morning ShareProphets AIM-China Filthy Forty play Aquatic Foods Group (AFG) released its calendar FY15 results. This is a complete farce and AIM Regulation should be ashamed, for that is where the real scandal lies.

Filthy Forty AIM Casino Elimination Stakes – update as the race enters the final stages

Published 335 days ago

I previously highlighted that a good few of the twenty remaining ShareProphets AIM-China Filthy Forty faced a reporting deadline of Thursday this week, 30 June. In honour of Royal Ascot we ran a poll which showed that readers of ShareProphets reckoned on two or three suspensions/delistings to come over the next (now) just under three weeks. The race has now entered the final three furlongs…how are the runners and riders looking?

Filthy Forty – news from the Norfolk Province of AIM as reporting deadline looms

Published 370 days ago

The ShareProphets AIM-China Filthy Forty is already down to just 20 AIM-listed companies, with a further three currently suspended. The calendar FY2015 reporting deadline is now looming (30 June), which last year saw a splurge of suspensions and Nomad resignations as companies either failed to report or their advisers decided enough was enough. But we’ve had a good few RNSs in the last few days, so it is time for a rancid round-up!

Tom Winnifrith Bearcast - the facts of life for a whinger from the Liverpool welfare safaris

Published 371 days ago

I start by putting one scouser straight on how things work in the real world. Then it is onto DDD Group, China Norfolk Aquatic Foods (AFG), Glenwick (GWIK), Sovereign Mines of Africa (SMA), Wishbone (WSBN), R4E (R4E) - go Dr Hon! -  and Gulf Keystone (GKP).

Tom Winnifrith Bearcast 28 April: Your boys took one hell of a beating

Published 396 days ago

In today's bearcast I look at Andalas Energy (ADL), Herencia (HER), Outsourcery (OUT), kenmare Resources (KMR), Acquatic Food (AFG) & Asian Citrus (ACH).

China Daily: London bidding to lure more Chinese companies? My heart sinks.

Published 435 days ago

According to a report in China Daily Europe a new wave of Chinese company listings are [sic] expected in London as the London Stock Exchange ramps up its efforts to attract Chinese firms. With the stench of the ShareProphets AIM-China Filthy Forty in full nauseating flow, seemingly unaddressed, my heart sinks. 

China fraud Aquatic Foods Trading Update: drip, drip, drip - the water torture continues in a sea of Red Flags

Published 453 days ago

ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) released a trading statement yesterday for its full year to Dec 2015. I commented that the last trading statement had more holes than a fish-net and yesterday’s serving of fishiness lowers none of the Red Flags previously raised. 

China Fraud Aquatic Foods - drip, drip, drip the torture continues

Published 468 days ago

Following on from yesterday's piece on ShareProphets AIM-China Filthy Forty play Aquatic Foods Group (AFG) we see that the shares are still sliding. Drip, drip, drip - the Chinese water torture continues. 

Tom Winnifrith Bearcast 15 Feb: 88 Energy, Fast Forward, Magnolia - it's all bollocks

Published 469 days ago

All sorts of crap shares are going up today and some that are not crap but are just insanely overvalued. In a podcast riddled with bad langauge I discuss 88 Energy (88E), Fast Forward (FFWD), Phorm (PHRM), Hornby (HRN) and Glenwick (GWIK) among the risers and among the fallers I look at Auhua Clean (ACE), All Leisure (ALLG), Iofina (IOF), ETherapeutix (ETX), the frauds Jiasen (JSI) and Aquatic Foods (AFG) and finally I ask all the advisors (nomad, broker PR flunkies) to Magnolia (MAGP) just show shabby and dirty they feel today. If I was them I would feel sordid and ashamed. They are all beneath contempt.

AIM China Fraud Aquatic Foods: Chinese water torture

Published 469 days ago

Tom Winnifrith has already done an open-top bus ride around all the Red Flags flapping away at ShareProphets AIM-China Filthy Forty play Aquatic Foods Group (AFG). But if the Red Flags are enough to drive you towards the sell button there is another problem: the spread is now so wide that it is equal to the bid price. Talk about being lobster-potted.

Tom Winnifrith Bonus Bearcast - China Norfolk Aquatic Foods Red Flag special

Published 481 days ago

Aquatic Foods (AFG) has been on the AIM Casino for exactly one year but its shares have slumped from 70p to 15p bid. The FD walked the plank today and surely Nomad SP Angel which raised £9.3 million for this POS 12 months ago must realise that the end is nigh. In this podcast I look at the numerous red flags. This one is going down.

Tom Winnifrith Birthday Bearcast - Paul Scott Grotesque factual innacuracy

Published 503 days ago

Paul Scott may be Britain's top share blogger but today he served up the sort of grotesque factual innacuracy which would put David Lenigas to shame. I start on that matter and Birthday communications with the younger generation. Then it is onto Afriag (AFRI) - Incoming! Watch this space. Then to Boohoo.com (BOO), Aquatic Foods (AFG), MX Oil (MXO), Magnolia Petroleum (MAGP), CIC Gold (CICG) and London Capital (LCG). I also mention, en passant, Kefi Minerals (KEFI)

F40 Aquatic Foods – Trading statement with more holes than a fish-net

Published 559 days ago

ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) released a trading statement this morning. All going well despite the slow-down in China – turnover up, big cash-pile, shares at a big discount to cash etc etc. So the shares are down 15%. What?

Filthy Forty (and others) - who is passing these as fit? Part 7 - the City's cut

Published 575 days ago

In Part 7 Graham Chester looks at the city’s cut when it comes to listing a China play on AIM and wonders whether it is good value for money – or, indeed, whether the financial due diligence process is protecting investors or just part the City’s stock promotion machinery.

Filthy Forty (and others) - who is passing these as fit for UK markets? Part 2, a shocker!

Published 579 days ago

In Part 1 Graham Chester examined the role of the Reporting Accountant when bringing a China play to the Casino. In Part 2 it is time to look at some of the players involved. What better place to start than at Team Stevens, now at the fine firm of Crowe Clark Whitehill – auditor to quite a portfolio of Filthy Forty companies, and a few more besides. Watch the scores-on-the-doors here in terms of share price performance: it is shocking stuff.

George Osborne, what planet are you on? Ref AIM China FRAUD

Published 612 days ago

This week George Osborne was merrily tweeting away that he was Delighted we have agreed with China to look into benefits of connecting UK and China stock markets. He’s clearly had a whale of a time in China, but I fancy he’s got no idea of the dangers of what he’s doing. With the ShareProphets AIM-China Filthy Forty turning up scandal after scandal, what on earth does he think he is doing?

AIM-China Filthy40 member Aquatic Foods Interims fail to reassure

Published 627 days ago

One of the problems that AIM-listed China stocks have at the moment is that nobody believes them. Nobody believes the claimed cash-piles or profits. This is amply demonstrated by the stock-market histoire of Aquatic Foods (AFG), a member of the ShareProphets AIM-China Filthy Forty. To remind you, it listed in just February of this year at 70p per share, to give it a market capitalisation of £79.3 million. Yet the shares fell steadily to the current 29p. Today saw Interims to the end of June 2015. Scratch the surface, and the Red Flags are all too apparent.

Tom Winnifrith Bearcast 9 September - more nonsense from and questions for Quindell

Published 628 days ago

I start by clarifying certain rumous circulating that I am starting new businesses or getting involved with those who do. Au contraire. Very much au ffing contraire. Then it is onto today's ludicrous announcement from Quindell (QPP). I also cover Sefton Resources (SER), Goals Soccer Centres (GOAL), Auhua Clean Energy (ACE) - a dirty AIM dog if I ever I saw one - Asian Citrus (ACHL), Aquatic Foods (AFG), Daniel Stewart (DAN), Iofina (IOF) and of course Monitise (MONI).

Aquatic Foods Group plc – yet ANOTHER AIM-listed China Norfolk?

Published 677 days ago

On Monday AIM-listed Aquatic Foods Group plc (AFG), a Jersey-based holding company with its main assets in Shandong Province in China, held its AGM. Ahead of that gathering it was announced that Mr John McLean (hitherto the Deputy Chairman and Senior non-Exec) had withdrawn his candidacy for re-election to the board. Red Flag? Read on (especially if your name is Xavier Rolet, CEO of the LSE).

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