New sessions at UK Investor with Tom Winnifrith on Cloudtag and David Lenigas on Africa and UK Oil - new ticket offer
December edition of the UK Investor Magazine - featuring 7 tips, what our writers want for Christmas, Interviews with Conroy Gold and ECR minerals and much more
Published 4 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 7 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 17 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 36 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 44 days ago
I keep on asking, and still there is silence: where is that buy-back that ShareProphets AIM-China Filthy Forty poster-boy Taihua (TAIH) has been promising since announcing an Open Offer to pay for it back in August? And where is the company website? And what about those Related Party receivables which were subject to an audit qualification of opinion?
Published 49 days ago
Provider of surveillance technologies, Digital Barriers (DGB) has announced results for the six months ended 30th September 2016 including “it is clear that we have now established a strong organic growth engine”, though later also stating “organic revenues… were broadly flat at £6.9m”. Hmmm…
Published 83 days ago
“Earthport (EPO), the leading payment network for cross-border payments, is pleased to announce its final results for the year ended 30 June 2016”. The shares are currently down 4%, to sub 16p, in response. Hmmm…
Published 96 days ago
Having recently been declining, shares in digital technology company Mirada (MIRA) were the top gainer yesterday – up 26% to 4.25p – on the back of a “Trading Statement” announcement. Let’s take a look…
Published 103 days ago
Having soared towards 60p in August, shares in SRT Marine Systems (SRT, formerly Software Radio Technology) are currently around 8% lower today, at circa 40p, on the back of a “Half Year Trading Update” announcement. Hmmm, let’s take a look…
Published 108 days ago
Well, all of the remaining ShareProphets AIM-China Filthy Forty got their numbers out yesterday - with the exception, of course, of the now suspended MoneySwap (SWAP) and Asian Citrus (ACHL) whose auditor is taking a rather close look at the bank accounts. The ouzo will have to wait, but the pop-corn went down well anyway. Included in the last-minute Charlies was Taihua (TAIH) and a rather large looking Red Flag is to be found here. Let me explain….
Published 109 days ago
A July profit warning meant results for the first half of 2016 from Vislink (VLK) were not going to be good but, on revenue 15% lower than in the corresponding 2015 period, at £22.6 million, a loss of £32.8 million!?! And there’s worse…
Published 111 days ago
Following an absolutely ludicrous results statement previously, Nature Group (NGR) is “pleased to announce the unaudited interim results for the six months to 30 June 2016”. The shares are currently approaching 8% lower, at 4.375p, in response. Is the company at it again? …
Published 120 days ago
This morning the long running saga of boardroom civil war at Galasys (GLS) finally came to a sorry end as far as its Casino listing was concerned, as the company was taken for its one-way trip to the AIM Execution chamber a month on from the resignation of its Nomad, WH Ireland. You can’t say you were not warned to steer clear on this website as long ago as last December. As yet another notch is carved on the ShareProphets’ bedpost, the ShareProphets RNS Translation Service has taken a look at this morning’s RNS from the now delisted company (original in bold)…..
Published 121 days ago
In the curious world of ShareProphets AIM-China Filthy Forty play Taihua (TAIH) we have now had the result of the Open Offer which was announced in order to raise funds to pay for a share buy-back. I’ve got a great idea to get Jeremy Corbyn elected into Downing Street: let’s raise the basic rate of income tax in order to fund a cut in the basic rate of tax. I digress….This is, of course, all from a company which saw its Auditor issue a going concern emphasis of matter and a qualified opinion on its FY15 accounts in relation to trade receivables.
Published 145 days ago
Well this is a most bizarre situation. ShareProphets AIM-China Filthy Forty play Taihua (TAIH) has announced an underwritten one-for-three Open Offer at a 134% premium so that it can fund a share buy-back (and keep back a few quid for working capital). Has the company been taking too many doses of its own medicine?
Published 147 days ago
Self-declared “world leader” in technical jargon to describe what it does (Oops, I meant “in narrowband RF mesh networks for Omni Internet of Things communications”), Cyan (CYAN) has announced results for the first half of 2016 – noting its “financial performance reflected the increasing maturity of our offering and relationships” and that it’s “excited by the group's growth prospects”. Hmmm…
Published 172 days ago
Oh dear, oh dear, oh dear. Things are starting to terminal for AIM-listed Galasys (GLS). With the boardroom already at war with itself and dragging the dispute into English, Jersey and Singapore court-rooms and with qualified accounts released for FY15 now we learn that Computershare has terminated its services as company secretary and provider of the registered office.
Published 193 days ago
Having previously been positive on shares in IndigoVision Group (IND), I last concluded, with the shares then at 267.5p, that it was difficult to be particularly confident and that I’d look for safer value elsewhere (see HERE). I now update with the shares currently approaching 6% lower today, at 123.5p, on the back of a trading update for the first half of 2016…
Published 199 days ago
ShareProphets AIM-China Filthy Forty play Taihua (TAIH) released its FY15 numbers on Thursday – deadline day to avoid suspension under AIM Rules. But they were released after-hours at 4.52pm: talk about last-minute. The numbers are a horror, but then so is the Auditor’s Qualified opinion, and the material uncertainty warning in the Going Concern Statement.
Published 228 days ago
Following a true 'no-one watching o'clock’ “Business Update” from DCD Media (DCD), it has followed suit with the results announcement – with a 4:10pm release. I wonder why...
Published 273 days ago
Utilitywise (UTW), which seeks to leverage relationships it has with energy suppliers to business customers, has announced results for the six months to 31st January 2016, emphasising “continued strong performance… delivering another period of revenue and profit growth”. What about the all-important cash generation and balance sheet though?
Published 341 days ago
Already suspended for failing to produce its accounts to June 2015, ShareProphets AIM-China Filthy Forty play LED International Holdings (LED) gave out a Chinese new year update on Monday which covered a number of matters – not least of which is the overdue accounts. And the binning of a JV which started life as a proposed RTO. And the non-completion of an acquisition first announced back in March 2013. And a warning that its working capital position is constrained because its customers are not paying their bills. And the company needs to raise cash or restructure debts. Apart from that everything’s fine!
Published 449 days ago
I’ve been looking again at the interims from ShareProphets AIM-China Filthy Forty constituent Auhua Clean Energy (ACE) and its growth in receivables since FY14 of 60% since FY14 and of 92% since the first half last year – as against pretty flat turnover and margins. As at June this year we see that trade and other receivables of RMB 200.4 million as noted under current assets sit at 177% of (slightly falling) turnover of RMB 112.8 million. That looks just a tad on the high side.