Results

Avocet Mining – from bad to worse, hopefully Lucian’s warnings heeded...

Published 27 days ago

An “Update on share suspension, Inata and Tri-K” announcement from Avocet Mining (AVM). “Update” on share suspension? When was the suspension then?...

Zac "The Knife" Phillips goes for Green Dragon - warns equity may be worthless, calls for management change

Published 32 days ago

We have long pointed out what a dog Green Dragon (GDG) is. Its failure to answer the questions in the bloody dossier HERE was the biggest red flag. Now the City's top oil analyst, Zac "the Knife" Phillips of SP Angel has gone on the attack, calling for regime change and warning that the company's assets could end up with its creditors, i.e. the equity could be worthless. The Knife writes:

ASA Resource – updates on cash “unaccounted for”...

Published 40 days ago

Having yesterday reported that there is strong evidence of funds “amounting to several million US dollars” being transferred to entities in China without full value being received and that “analysis reveals that there is a pressing need for cash”, ASA Resource Group (ASA) states it now “provides further information on the group's cash position”

Pebble Beach Systems (formerly Vislink) – change of name announced Friday, now profit warning ahoy!

Published 112 days ago

Friday 3rd February 2017: “Vislink confirms that it has changed its registered name to Pebble Beach Systems Group plc” (PEB). Monday 6th February 2017: “The company informs shareholders that the results for FY2016 are expected to be materially below the board's previous expectations”. Well, that didn’t take long!...

Teathers releases Annual Results: where has all the money gone?

Published 132 days ago

Formerly AIM-listed Teathers Financial (TEA) has released numbers for the year to 31 October 2016. They are truly shocking. In its year to October 2015 the group balance sheet sported a net assets value of about £800,000 having raised just over £1 million in the year. That is pretty bad. But as at 31 October 2016 (having raised no further cash) net assets came in at about just under £70,000 with just £658 in the bank. Where did it all go?

Tern – debtors paying up at Flexiant businesses but how much has had to be sunk in to get trading resumed?

Published 312 days ago

AIM-listed jam-tomorrow investment company Tern plc (TERN) has released an upbeat statement regarding its recent purchase of Flexiant assets out of administration. I’m sure this has nothing to do with shoring up a flagging share price as it threatens to drop below the 8p placing price announced two days ago.

Rurelec – FY15 report published; finger of blame pointed

Published 317 days ago

Blow me down! Having been suspended for failing to get its accounts out on time AIM-listed Rurelec has finally got its calendar FY15 numbers out. Fair play to the two-man board: with an ongoing cash-crisis as they try to rescue the company from its dire situation the workload must be extreme. With the numbers now out (after-hours, of course!) the shares are expected to resume trading on Monday. As to the report, it is dreadful – and the finger of blame is firmly pointing in the direction of the old guard under Peter Earl. It is a shocking read.

Life as CFO in a failing company like Quindell: someone who has been there explains

Published 895 days ago

What is it like being Laurence Moorse, the FD at Quindell (QPP) as it goes down the swanny. I asked a gentleman now FD of a successful AIM listed company but who in a former life was parachuted into a quoted entity that he pretty soon realized was a can of worms, to explain. The experience still haunts him. His recollection will give you some idea of what life is like in Fareham right now.

Naibu Q&A throws up more Qs than As.

Published 991 days ago

At the shambolic Naibu (NBU) AGM on June 30th this year, a number of questions were asked of the non-execs and advisors which they were unable to answer but which they kindly agreed to pass on to the three executive directors who for some reason had not showed up. (Visa problems were cited. Yes really! All three of them) 

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