Tom Winnifrith: More than 150 reasons to attend the 15th Birthday Party at UK Investor Show on April 1: Book NOW!
Hotel Chocolat – strong half-year results & “confident of further progress”, but are the shares a buy?
NCC Group – All Credibility Gone? So asks Ramper Roger Lawson of ShareSoc whose credibility went years ago.
Published 23 days ago
A profit warning out yesterday afternoon had Tom Winnifrith in yesterday’s Bearcast saying that his cat, Oakley, was seeing through the recent histoire of ShareProphets AIM-China Filthy Forty Taihua play (TAIH) and coming to awkward conclusions. Is Oakley a genius, I wonder?
Published 29 days ago
Yesterday ShareProphets AIM-China Filthy Forty play MoneySwap (SWAP) updated on its parlous financial position and the long-promised recapitalisation rescue. It has borrowed a bit more urgent financing, but warned investors that it’s suspension from trading on AIM (since 21 September last year) now has less than two months to run before the company is led to the AIM execution chamber.
Published 41 days ago
And so after its website disappeared at least as early as late November last year and two failed efforts at getting a replacement available so as to comply with AIM Rule 26, ShareProphets AIM-China Filthy Forty play Taihua (TAIH) has finally issued some Jackanory of a statement saying it now won’t be complying until Monday next week. The explanation may seem reasonable, but in context they’re ‘avin’ a bubble.
Published 42 days ago
This is descending into farce: almost seven weeks ago we noted that the company website of ShareProphets AIM-China Filthy Forty play Taihua (TAIH) had disappeared. Following two missives to AIM Regulation, finally a new website was notified by RNS on Wednesday but it lasted less than 24 hours before being blocked – one assumes by the Chinese authorities, since the notification was in Chinese. Not to worry, yesterday the company notified another web address for its website but this morning that too has been blocked.
Published 43 days ago
Oh dear, oh dear. Having been banging on about the disappearance of the company website of ShareProphets AIM-China Filthy Forty Taihua (TAIH) and being pleased to note the announcement yesterday of a nice shiny new site, this morning it seems as though it too is not working. But lo and behold, at 11am up pops the company with another RNS, announcing that it is all change again, and that the new site is to be found at www.thuaplc.com. Nothing for six weeks, and then two come together!
Published 44 days ago
ShareProphets Aim-China Filthy Forty play Taihua (TAIH) is having a giraffe. The buy-back announced last August, to be paid for from an Open Offer long since completed hasn’t happened. There has been no update on the matter since the end of September. The accounting matters over related party receivables which the company, in its FY15 Annual Report promised an update on has seen no further comment. The website has disappeared, meaning that the company is in breach of AIM Rule 26 – a matter I raised with AIM Regulation on 29 December last year.
Published 49 days ago
This morning at 9.30am AIM-listed Sterling Energy (SEY) issued a "Delayed Notifications of Major Interest in Shares" RNS. The apology is commendable, but this relates to two TR-1 notifications received by the company but not passed on to the market for almost 9 months.
Published 54 days ago
ShareProphets AIM-China Filthy Forty play Taihua (TAIH) is, in my view, a screaming sell in view of the Red Flags highlighted on this site for months. I doubt very much whether a short position is possible with this stock, but if I were a holder I’d be running for the hills.
Published 56 days ago
The broken record is still going with regard to ShareProphets AIM-China Filthy Forty play Taihua (TAIH) and its missing website, the share buy-back promised back in August (and funded from an Open Offer) and, of course, the update over related party receivables which the auditor wouldn’t sign off in last year’s accounts. Now, in the season of goodwill, it is time for one last missive for 2016 to the oxymorons at AIM Regulation with regard to compliance with AIM Rule 26. We just such nice guys here at ShareProphets, we just want to help.
Published 73 days ago
Tom Winnifrith asked some serious questions of Advanced Oncotherapy (AVO) and has been met with no response. He’ll keep at ‘em, but the lack of a statement looks very bad. In similar vein, I have been asking questions of ShareProphets AIM-China Filthy Forty play Taihua with the same result. I’ll keep asking too. Where is the website, where is the buy-back and where is the update on receivables?
Published 74 days ago
In the greater scheme of the litany of financial crimes committed by Cloudtag (CTAG) you may well regard this as small beer. Sure. But it is a clear breach of AIM Rules and yet another thing for hapless Nomad Cairn to address if it has not decided that it has had enough of putting its (increasingly less good) name to outright lies, and resigned. So what is AIM Rule 26 and why has Cloudtag broken it?
Published 92 days ago
AIM-China incubator play Grand Group (GIPO) only joined the Casino in January 2015, too late to make our ShareProphets AIM-China Filthy Forty index. This is most unfortunate, for the credentials on offer are impeccable – and now, it seems, we could be just over five weeks from a one-way trip to the AIM Execution chamber, courtesy of AIM Rule 41 (if, that is, the Oxymorons bother to enforce the rule this time). This is as on 30 December the mandatory delisting following a six-month suspension kicks in unless the company gets its accounts to December 2015 out.
Published 168 days ago
So having pointed out that AIM-listed and under-the-Sheriff’s-spotlight African Potash (AFPO) was in slam dunk breach of AIM Rule 26 by naming the wrong brokerage as its joint broker (actually the one named closed down at the start of this year), and incorrectly naming its Auditor, the company has got around to getting things up to date. And so we can now see that it has one joint broker in the form of its Nomad, Cantor Fitzgerald. So what happened to the other joint broker, Cornhill? Has it resigned? I think (and AIM Rules dictate) that we should be told.
Published 171 days ago
I read with alarm the deluge of shocking revelations regarding AIM-listed African Potash (AFPO) from the Sheriff of AIM, Tom Winnifrith. The most recent – and possibly most surreal – development was the lawyers’ letter from the twice-bitten-but-still-not-shy Memery Crystal on behalf of its client, Potash. Tom Winnifrith has already suggested that the letter makes a number of stunning admissions, but in my view the implications of the African Potash affair for Nomad Cantor Fitzgerald Europe need to be addressed urgently.
Published 171 days ago
Oh dear. It seems that we have a slam-dunk breach of AIM Rules in the form of extremely honest Chris Cleverly’s AIM-listed African Potash AIM and its dealings with its Nomad Cantor Fitzgerald. It is Cantor and its lead QE Stewart Dickson who are in the spotlight today as we have at least 1 clear rule breach under its watch to report. We will start with a minor transgression and work upwards. Perhaps while Marcus Stuttard’s oxymorons at AIM Regulation consider the serious content of Tom Winnifrith’s recent missive (HERE) they might turn their attention to the quality of Nomad oversight demonstrated in what follows.
Published 309 days ago
We have been covering AIM-listed, but not (quite) AIM-China Galasys (GLS) through the who-is –in-charge battle since last October. There have been court proceedings in the UK, Jersey and Malaysia and here we are in April 2016 with still no resolution. Yesterday morning the company issued an update: Jersey proceedings were suspended as a kiss-and-make-up negotiation was underway, and in Malaysia a ruling went for the company and its directors (one of them former) but seems to have been appealed.
Published 398 days ago
Tom Winnifrith has already raised a few awkward questions about ShareProphets AIM-China Filthy Forty play Taihua (TAIH) HERE when he discussed how a profitable company (from China) with net cash of £2.5 million (as at June 2015, so we are told in the Interims) is only valued by the market at about £1 million. Yesterday saw a statement which brought to mind the now executed F40 company JQW. It all rather suggests that there is no earnings visibility and as such I would suggest that the stock could well be worthless.
Published 412 days ago
And so, in the face of all the questions being asked about AIM-listed Inspirit Energy Holdings plc (INSP), rather than answer them we had news yesterday that the Chairman and CEO, Mr John Gunn, had dipped into the market and bought 5 million shares. But what of the elephant in the room?
Published 418 days ago
Oh dear. This looks horribly like a breach of AIM Rules - perhaps the company (or some avid reader) can help me because I can't find an announcement that Beaufort Securities has stepped down as Broker to AIM-listed Inspirit Energy (INSP).
Published 898 days ago
According to New World Oil and Gas’ (NEW) AIM Rule 26 Disclosure “5.19% of the Company's securities are not in public hands”. This is all well and good, but for one small problem. The figure should read 9.03%. Based upon previously announced director holdings, it appears at least three directors have disposed of or transferred holdings equivalent to 3.84% of the company’s equity, including (but not necessarily limited to) Bill Kelleher, Peter Sztyk and Georges Sztyk. New World has not issued any RNSs declaring disposals, so what on earth is going on?