Results

Distil - promising, but needs to show a net profit at the next update

Published 22 minutes ago

Distil (DIS) is a company which I have been following closely for a couple of years – as well as holding shares in it myself.

Why I think Shares Might Fly when Brexit Gets Closer

Published 42 minutes ago

Hello Share Skaters. When pushed by the respected blogger Bearfacts on this ground-breaking website this week, my finger was hovering over ‘sell’ buttons more than ‘buy’ switches in this rather scary month.

Fitbug – shares soar (before suspension) on an RNS Reach ramparoonie

Published 16 hours ago

On the back of an RNS Reach (i.e. not even deemed to merit a main RNS) announcement, shares in “digital wellness technology provider” Fitbug Holdings (FITB) roofed it to be 370% higher, at 0.775p, before a suspension of trading was announced. Hmmm…

LoopUp – review as shares sparked by ‘ahead of expectations’ trading update

Published 19 hours ago

I looked at remote meetings technology group LoopUp (LOOP) just after the company’s August IPO – concluding, with the shares at 112.5p, that the valuation in conjunction with usual IPO and growth risks saw me avoid, but that I’d monitor with interest. The shares closed yesterday at exactly the same price as then – but are currently approaching 13% higher today, at 127p, on the back of a trading update announcement…

MXC Capital and the shoddy tale of 365 Agile – what really went on here?

Published 21 hours ago

Steve Moore commented on the collapse at 365 Agile (365) last August HERE but I wanted to write a fuller piece on it highlighting the role of MXC Capital, particularly after the Redcentric (RCN) debacle as there is a lesson for investors here.

GAME Digital – claims “pleased” with performance over peak weeks, BUT…

Published 21 hours ago

Previously writing on GAME Digital (GMD) with the shares at 67p, I concluded bearishly HERE. The following updates with the shares currently down further, at sub 60p, on the back of an “AGM Statement and Trading Update” announcement…

Challenger Acquisitions: Well? Have you paid your debts or are you insolvent?

Published 22 hours ago

I understand that Mark Gustafson, CEO, of Challenger Acquisitions (CHAL) is more than happy to treat its shareholders with disrespect and utter contempt but, come on, surely you can’t just sit on price-sensitive information about whether you are bust or not?

Brady – reckons “sea-change” in its “mood and focus”. Recovery ahoy?

Published 2 days ago

Having previously concluded that there could be some interesting recovery potential from commodity and energy markets software provider, Brady (BRY) but that the current uncertainty saw me continue to avoid, I note a trading update from the company...

Nature Group – Sale of Gibraltar operations sparks shares, but what of trading?

Published 2 days ago

Previously writing on another ludicrous results statement from Nature Group (NGR), I noted ‘we’ll see on the loss-making Gibraltar entity (“held for sale” net assets on the balance sheet £0.79 million)’. Today there is a “Sale of Gibraltar Operations” announcement, though which also includes a trading update…

Distil – update on Q3 trading statement as shares soar

Published 2 days ago

Shares in alcohol drinks brands owner Distil (DIS) are currently 26% higher, at 1.45p, on the back of a “Trading update” announcement emphasising “excellent progress” in the company’s most important trading period…

Hotel Chocolat – argues ‘performed well’, but what about on a like-for-like basis?

Published 2 days ago

Chocolatier and retailer Hotel Chocolat (HOTC) has updated that it ‘performed well’ in a trading statement for the 13 weeks ended 25th December 2016, with adjusted revenue 14.6% ahead. What about like-for-like performance though?...

Goals Soccer Centres – claims “turned the corner”, but sales only “broadly in-line”…

Published 3 days ago

Having asked in September if recovery was well underway at Goals Soccer Centres (GOAL), I note a “Post Close Trading Update” announcement from the company…

Grafenia – “delighted” to announce acquisition, but it looks no panacea to recent woe

Published 3 days ago

Printing company Grafenia (GRA) is “delighted” to announce an acquisition of Liverpool-based Arthur Diamond Design (ADD Signs), seeing it as a first step of “ambitious plans”. Hmmm…

WANdisco – one quarter does not an investment make, but offers some encouragement for shareholders…

Published 3 days ago

Shares in ‘big data’ software company WANdisco (WAND) are currently continuing a recovery – this on the back of a concluding trading update for 2016...

Serica remains a buy despite recent strong gains

Published 4 days ago

Usually when shares in a small AIM company has risen by nearly 300% from the level where I recommended it as a buy, I would be advising to take your profits before the almost inevitable retrace that so many suffer from.

Simian Global – If at first you don’t succeed…..try the Standard List!

Published 4 days ago

A dispiriting new entry to the Sub-Standard Shockers XI this week – well someone has to fill the impending gap created by the liquidation of Worthington (WRN) - so please everyone give a warm welcome to Simian Global (SMG), a reincarnation of a previously failed effort. Please allow me to explain.

Table of shorted AIM shares - week to 13/01/2017

Published 5 days ago

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...

Countrywide – full-year trading statement, a “pleasing” performance?

Published 6 days ago

Following Foxtons earlier this week, Countrywide (CWD) has now updated for the 2016 calendar year with CEO Alison Platt claiming “it is pleasing to report modest full year revenue growth”. Hmmm…

SIG – trading update review as shares rise

Published 6 days ago

Shares in building products distributor SIG plc (SHI) are currently recovering approaching 11%, above 100p, on the back of a “Trading Update” announcement…

Port Erin - NAV statement - just utter tommyrot from Jim Mellon & Co

Published 6 days ago

Flustered by the shock revelations about Diabetic Boot Company HERE, Jim Mellon's Port Erin (PEBI) published a December 31 NAV. Given that it published full year numbers when no-one was watching on 22 December this whiffs of panic. Unfortunately the statement begs more questions than it answers.

Robinson plc – ‘slight’ profit warning, so why are the shares up?

Published 6 days ago

A trading update from Robinson plc (RBN) includes that “the directors anticipate trading profits for 2016 will be slightly below market expectations”. So why are the shares approaching 10% higher?...

STM Group – full-year trading update, how’s recovery from H1 profit warning?

Published 7 days ago

I concluded in August on shares in cross-border financial services provider, STM Group (STM) that for those looking for a small speculation, I reckon you could do a lot worse – and reiterated that in October. The company is now “pleased to announce a pre-close trading update”

AO World – argues “Continued Growth and Strategic Progress”, BUT…

Published 7 days ago

UK and Europe online electrical retailer, AO World (AO.) headlines a trading update for the quarter to 31st December “Continued Growth and Strategic Progress”, though the shares are currently approaching 8% lower, at 170p, in response. Hmmm…

Premier Oil looks to offer more risk than reward at the current share price

Published 7 days ago

Like many producers, Premier Oil (PMO) has been struggling with debt since the oil price crashed a few years back. Some have managed to refinance the debt on their balance sheets, but for Premier the process has been dragging on for far longer than many expected and hasn’t exactly helped sentiment surrounding the company. Following today’s update though it looks as though that is finally about to be resolved.

K3 Business Technology - a most disappointing profits warning but hang on

Published 7 days ago

Having been tipped at a 148p offer price at the start of 2013, shares in K3 Business Technology (KBT) have more recently exceeded 350p. However, they are currently back to circa 240p following a disappointing“Trading update” announcement.

Spunk the Mon(k)ey - TrakM8 disaster acquisition exposed - told y'all

Published 7 days ago

It is my birthday today and the TrakM8(TRAK) supporters club of top blogger Paul Scott, crony capitalist PR man Reg Hoare and tech analyst Lorne Daniel of FinnCap need each to order a bottle of ouzo to send me with a note saying "you were right - you is da king". Subsidiary accounts for Route Monkey have finally emerged and are truly diabolical just as I predicted to hoots of derision from the supporters club.

Foxtons – full-year trading update, sales trend dire…

Published 8 days ago

Already down to sub 100p having commenced 2016 at 188p, has a full-year trading update helped shares in London estate agency Foxtons (FOXT) recover somewhat? Er, nope…

Golden Saint - just when will the Fat Lady sing? Shares crashing to new lows.

Published 8 days ago

As at 30 June 2016 Golden Saint Resources (GSR) had $722,000 cash and cash equivalents but by mid November the tank was empty and this cash guzzling joke of a company needed to raise another £400,000 gross (call it £350,000 net or $450,000) to keep going. So how much is left? The share price tells you that cash is running out fast (again) - the stock is now at an all time low of 0.025-0.03p valuing this crock at just £1.6 million. That, BTW, is £1.6 million too much.

Cobham – ANOTHER profit warning, though still worse to come?

Published 8 days ago

Aerospace and defence group Cobham (COB) has released a “Post-close Trading Update”, with the shares currently around 15% lower, at 140p, in response. Uh-oh…

Have you lost money on the Cloudtag fraud? - Grant Thornton might help you get it back

Published 8 days ago

With shares in the AIM listed fraud Cloudtag (CTAG) having slumped from a peak of 25p to c7p there are already many investors who have lost money. Over the next few months as the share price dwindles towards zero there will be legions more. But help may be at hand from Grant Thornton's fraud insolvency and recovery team.

CloudCall – Trading Update emphasises positives, but it remains cash burn ahoy!

Published 8 days ago

Integration of telephony systems into existing customer relationship management software-focused CloudCall (CALL) is “pleased to announce” a full-year trading update – and the following reviews with the shares currently more than 17% higher, at 76p, in response…

Majestic Wine – Christmas Trading Statement sales numbers appear promising, but are they?

Published 9 days ago

“Christmas Trading Statement” from Majestic Wine (WINE) notes an underlying sales increase of 12.4% for the 10 weeks ending 2nd January. Sounds promising…

Advanced Oncotherapy - where is that new funding you promised brokers would arrive by December 31?

Published 9 days ago

AIM (very) bad boy Advanced Oncotherapy (AVO) did its best to ramp its shares following the shock loss of its entire order book back in November. Or was it October? Glitzy promo videos and spoofing share purchases by NEDs phased out to have maximum effect on fooling the gullible managed to get the shares back to c90p. But now folks are looking behind the smokescreen of bullshit and the shares are tumbling again, to 73.5p. Since this company has committed securities fraud my target remains 0p. The questions are mounting fast.

Tom Winnifrith Bearcast- Why liquidity is critical for small caps, notably 2 that are going bust

Published 9 days ago

When buying or selling shares ( or houses) folks all too often ignore the issue of liquidity. This matters greatly both for investors and also for companies. I look at this in detail using two examples, both companies that are, IMHO, weeks away from going bust.

HaloSource – trading update, still desperate times?

Published 9 days ago

Having from November 2015 onwards been warning on the shares of water technology company HaloSource (HALO), I note an update on trading and its strategic review...

RedstoneConnect – “Business Update” review, still one to watch?

Published 9 days ago

Having previously concluded that shares in ‘smart’ buildings and workspaces-focused RedstoneConnect (REDS) remained on the watchlist at 1.60p, I now note a “Business Update” announcement from the company…

SpaceandPeople – as warned, profit warning ahoy!

Published 10 days ago

Updating on the previous announcement from SpaceandPeople (SAL), I warned that half-year results suggest it’ll be profit warning ahoy! And now…

Optibiotix - 2 announcements, this is tidying up ahead of big news: buy

Published 10 days ago

There are some announcements that an AIM listed company has to make as they are material but in terms of excitement we are talking paint dry. So you just clear the decks and announce them and when all the news is out you - hopefully - have something to announce which will get folks interested. And so it is with Optibiotix (OPTI).

Sell Picks of 2017 Review Part 2: Nektan – is that a light at the end of the tunnel?

Published 10 days ago

Anyone who read my sell article HERE and took the brave option of selling pre-final results would have made an instant profit but, to be fair, you wouldn’t have had long as the year-end results came out on 29 December, about an hour after my piece was published. An additional trading update came out this morning though - is that a light at the end of the tunnel I see?

The weasel words of lyin Chris Cleverley reviewed as FRAUD African Potash booted off AIM

Published 10 days ago

The fraud African Potash (AFPO) has been formally booted off AIM today as no Nomad is prepared to act for it. It is a day of shame for lyin Chris Cleverley the CEO and his senior NED Lord Peter Hain of sleaze. The shares are now only listed in the joke lobster pot that is NEX Markets, it is almost impossible to sell in any size and even harder to raise cash as a company. So Potash will soon go bust. At the weekend I explained the very odd timeline of seven days in September that lead up to the last Nomad, Cantor Fitzgerald, quitting. Now look at lyin' Chris's words since.

Last week's Bulletin Board Moron winner... a Cloudtag shareholder natch

Published 10 days ago

A lot has happened since the late sixties when Neil Armstrong took his one small step on the moon. The word lunatic is derived from the Latin word "luna" meaning moon since it was believed, in the middle ages, that a full moon could induce insanity. And that brings us nicely to last week's Bulletin Board Moron of the week who, natch, owns shares in Cloudtag (CTAG). There were many fine entries as you can see HERE.

Sell Picks of 2017 review part 1: Challenger Acquisitions the plug hole beckons

Published 10 days ago

I appreciate we’re only a week into the New Year but as there’s been significant news on both my sell picks, here’s a quick update. You won’t be surprised to hear that I remain as confident as ever as the position has worsened for both already. Let's start with Challenger Acquisitions (CHAL).

Will Onzima ever return to trading?

Published 10 days ago

I see that Onzima Ventures (ONZ) is getting a bit of attention again, with Tom Winnifrith having just covered it in his latest Bearcast, but it is a company that I was planning to give an update on anyway, having followed the story since early last year.

Buy Collagen

Published 11 days ago

Having exceeded 9p in July and been comfortably above 6p ahead of 19th December-announced results (for the six months ended 30th September 2016), shares in medical collagen-focused Collagen Solutions (COS) fell to recently sub 5p (a sub £9 million market cap). However, behind the numbers, new leadership look to have an exciting growth strategy - something we expect to become clearer in 2017. The shares are a buy at a 6.25p offer.

Notes from Underground: People are making money on AIM, thanks to this one old weird trick

Published 11 days ago

One of the comments made by bulletin board/Twitter morons that I always find mystifying is: "Oh, you guys are just trying to get page views."

Digital Barriers – announces a further $7 million of contract awards, but caveat emptor…

Published 12 days ago

Digital Barriers (DGB) has followed contract wins announced last month with an announcement of the award of a further two contracts with a total value of $7 million. The shares are up more than 10% above end of 2016 lows in response, heading towards 40p, but I’d still suggest caveat emptor…

Table of shorted AIM shares - week to 06/01/2017

Published 12 days ago

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...

Four Crackers for your New Year Table. Well, I Think So.

Published 12 days ago

Hello Share Peggers. Here are some shares you might want to monitor closely in 2017. And if you don’t buy any of them soon, don’t blame me if you are kicking yourself later on. Though if you do buy them and they happen to disappoint, I’d rather you didn’t remind me

Tungsten is yet to recover but Wolf Minerals is worth a look

Published 13 days ago

Many commodities have enjoyed significant recoveries in price during 2016, but tungsten hasn’t been amongst them and isn’t far off of the lowest levels seen during the past decade.

Worthington - I speak to the liquidator & its bad news for the board but why is the LSE in denial?

Published 13 days ago

This gets more surreal by the day. Yesterday I spoke to the official liquidator who is dealing with the Worthington (WRN) case. He is rapidly getting up to speed and will be speaking to "other agencies" about what went on. A full report explaining why the company went bust will be produced and it will be naming the director and shadow directors if they are found wanting. Indeed it may be used as supporting evidence if and when other agencies pursue this matter. The bad news...

Crawshaw – argues “we continue to be encouraged”, the market isn’t…

Published 13 days ago

Fresh meat and food-to-go retailer, Crawshaw (CRAW) has updated on trading including “we have continued to build on the progress noted in our last update with the improvements in sales and customer numbers being maintained through December as planned” and “we continue to be encouraged by the customer response to the recent changes we've made”. So why are the shares currently approaching 8% lower, at 23.5p?...

Boxhill Technologies: Um, M’Lord, just wondered, if you don’t mind….WHERE’S THE CEO?

Published 13 days ago

I surprised myself to note that I haven’t commented on the quality outfit, Boxhill Technologies (BOX), in over two months so thought I should start the New Year by asking the question that must be on every investor’s lips: when is the new CEO going to start and who the hell is it? Surely the company's not struggling to find a suitable mug / candidate?

Fastjet – 5 months after the last, it’s bailout fundraising AGAIN!

Published 13 days ago

“fastjet (FJET), the low-cost African airline, is pleased to announce that… it has successfully placed 143,449,794 new ordinary shares at a price of 16.3 pence per share… If the placing does not proceed and complete, and in the absence of the group being able to successfully agree or implement any alternative funding, the directors would seek to commence a process of placing the group into administration. Wait a minute, just in August the company raised “total aggregate gross proceeds of £15.2 million… all at 50 pence per new ordinary share”. What’s gone on?

EVR Holdings – Take a bow, Anthony Matchett, the almost perfect podcast ramp

Published 13 days ago

I’m struggling to take my eyes off the ‘flavour of the month’ stock, EVR Holdings (EVRH), at the moment as it continues its irresistible rise upwards and I have to tip my hat to a great performance by the CEO, Anthony Matchett, on a podcast on Wednesday and all CEO’s in the ramp phase should take note.

Lucian Miers branded "internet troll" by Harvest Minerals as its uber-ramped shares slide fast

Published 14 days ago

In an article just before Christmas Lucian Miers explained very clearly why at 21.5p shares in uber-ramped harvest Minerals (HMI) were a slam dunk sell. He makes hard and valid points - including that a placement is looming - HERE. The shares are now 17.5p to sell. And so a loon has emailed Brian McMaster who runs Harvest and posted his reply on the LSE Asylum. Brian the ramper fails to answer Lucian's points, fails to deny that it is placing ahoy but instead brands Lucian an "internet troll." McMaster writes:

MySQUAR: A cash-burning, “jam tomorrow stock” – AVOID!

Published 14 days ago

A tad surprisingly, I got into cryptography at Christmas so, taking inspiration from a mighty opus in that domain, I thought I would look at a shockingly, disappointing stock, MySQUAR (MYSQ), using a particularly odd approach. No trophy for working out my antics as you may actually find it a risky topic to Disqus, but can I actually do 400 words on this stock in a fitting way with my customary virtuosity?

Stanley Gibbons - dire interims but...

Published 14 days ago

This is one of our worst share tips and also one of my (TW) worst investments of recent years. Collectibles group Stanley Gibbons (SGI) has announced further dire results - this time for the six months ended 30th September 2016 - though “is optimistic that the trading of the group is now beginning to reflect the giant strides made through the restructuring plan in a year of substantial transition” (including a completely new board of directors).

United Cacao - it is now 10 seconds to midnight, when companies collapse it happens fast on AIM

Published 14 days ago

No-one could accuse United Cacao (CHOC) of hanging around when it came to staging its own fatal car crash. December 22nd to January 4th was all it needed to go all the way. 

Yesterday at 4.10 PM Nomad Strand Hanson quit with immediate effect. The shares are suspended and it must be game over. First, a reminder of back to mid December when the shares were 115p.

Science in Sport – a “trading update” which omits to update on the bottom-line impact of trading!

Published 14 days ago

Sports nutrition company Science in Sport (SIS) has made a “Pre-Close Trading Update” announcement commencing that “sales increased 30% to £12.24 million in the 12 months to 31 December 2016”. Sounds promising, what about profitability?…

The Great Waseem on the "Seven Steps" of Cloudtag pump & hype

Published 14 days ago

Yesterday I tried to explain the psychology of AIM fraud and fraudsters with reference to both African Potash (AFPO) and Cloudtag (CTAG). The great bear raider Waseem Shakoor also published a note explaining the seven steps of Cloudtag hype to facilitate is main business of share issuance. As you'd expect it is a cracking read. Over to the great Waseem

Top shorted London-listed shares at the start of 2017

Published 14 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the ten top shorted London-listed shares at the start of 2017...

Cambria Automobiles – review as shares down on “in line” AGM trading update

Published 15 days ago

Despite being “pleased to announce” an AGM trading update, shares in UK automobiles company Cambria (CAMB) are currently a couple of percent lower, below 60p, on the back of it…

Corero - “pleased to announce” minor contract wins, what about the cash burn?

Published 15 days ago

“Corero Network Security plc (CNS), the AIM listed network security company, is pleased to announce that it has won five ‘as-a-service’ subscription-based contracts for its DDoS protection products and technology in the final quarter of 2016”. Sounds promising. Oh, but wait… “with an aggregate annualised contract value of $0.3 million”. Hmmm…

Photo article Life's a beach for one ex shareholder in Golden Saint

Published 15 days ago

Floated at 10p, a couple of years later shares in Golden Saint Resources (GSR) trade at 0.03p to sell. Gosh that £36,000 a year it invested in securing the services of PR genius Steffi was money well spent was it not? But one ex shareholder, the founder Cyril d'Silva does not look too unhappy as a new photo of him in action last month demonstrates. Nice one Cyril. Well for him anyway.

Table of shorted AIM shares - start of 2017

Published 16 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares where the position date was in 2016 (by net short position %)...

CloudTag – just how much cash is this company burning? £9m in 2016?

Published 16 days ago

With the L1 funding package now fully drawn, AIM-listed CloudTag has now had an awfully large amount of money, yet we are still to see a product available for it to sell. But thumbing through the RNSs of the last few months shows an incredible cashburn. Where has it all gone?

African Potash Accounts - how much on travel? And tell us about your expenses lyin' Chris

Published 16 days ago

That African Potash (AFPO) is clearly trading whilst insolvent is beyond doubt. It admits that it needs to raise $600,000 to pay its bills as they fall due but trading volumes on ISDX are often just a few hundred quid a day. It's game over. So where has all the money gone? There is a reason that the board did not want anyone seeing the annual report which finally surfaced today.

African Potash Accounts finally out - damning statements by RSM Tenon auditor

Published 16 days ago

I am yet to get an explanation from Peterhouse Corporate Finance, the advisor to ISDX and (pro tem) AIM listed fraud African Potash (AFPO) as to why accounts for the year to June 30 were signed off on 28 December but not released until 3 hours and 48 minutes after the stockmarket closed for a three day New Year break on 30 December. This is surely a breach of ISDX rules and it shows, again, that the fraudsters are prize rotters. Why is Peterhouse not resigning NOW? But it gets worse, the actual, annual report was promised by 31 December but has only this morning appeared on the company's ramptastic website. Why the delay? How about not wishing to admit to damning comments from auditors RSM Tenon which show that this company is toast? The auditor does not mince its words.

Financial results of many oil producers will disappoint in 2017

Published 17 days ago

Looking at the performance of many oil producers over the past few months you could easily be forgiven for thinking that their problems are over and all is rosy within the sector once more.

Buy Character Group

Published 17 days ago

Following positive results at the start of December, shares in Character Group (CCT) went on to exceed 530p. However, following news of director share sales they slid to a 495p offer price at which point in December we tipped them to our readers on the Nifty Fifty website we run with Lucian Miers. The shares are now 510p and still a buy.

Avanti Communications and its most supportive shareholder Mast Capital - er hang on?

Published 17 days ago

Mast Capital the US hedge fund has been the biggest supporter of drowning in debt Avanti Communications (AVN), time and again doubling down on its disastrous investments. But have you noticed this?

ShareProphets share tips of the year Number 21 - Buy Minoan says Tom Winnifrith

Published 18 days ago

Minoan (MIN) has been something of an AIM uber-dog for many years. It is a stock that I have tipped with success once and with lack of success more than once. Its failure to deliver on gaining planning consent on its Cave Sidero site in Crete over more than a decade is perhaps why its shares languish at 6.25-6.5p. But 2017 will be THE year.

REACT - ghastly statement but market over-reacts: BUY

Published 18 days ago

REACT (REAT) served up a ghastly trading statement just before Christmas, but in marking the shares down to 0.7p ( market cap £2 million) traders over-reacted.

Shares in Worthington have traded for 30 days in 3 years & another odd factoid

Published 18 days ago

Convicted criminal, multiple bankrupt and barred company director Aidan Earley claims I brought the firm of Worthington (WRN) - of which he was a shadow director and which is now in liquidation - to its knees. But here is an odd factoid the criminal pea-brained shithead, who is now the pin up boy of Cloudtag morons, ignores.

CloudTag – A review of the year: let’s evaluate progress….or rather the lack of it!

Published 18 days ago

With CES in Las Vegas starting next week, there must be a strong feeling of déjà vu for CloudTag (CTAG) shareholders; however, with the company valuation shooting through the roof during the year, it felt appropriate to assess progress from the 2016 CES show through to the 2017 event to ascertain whether such a valuation was warranted.

Notes From Underground: Happy New Year

Published 18 days ago

As today is New Year's Day, there is nothing to do but reflect on our activities of the past year and anticipate the adventures of the next. Starting Tuesday, we'll be back full time, although we have a few surprises planned for Monday, Quixotically jousting the windmills of AIM but for today, Happy New Year to you and your familes. 

ShareProphets Share Tips of the year number 20: Buy Amryt Pharma says Tom Winnifrith

Published 19 days ago

Boy did Amryt bore its loyal shareholders, including us, to tears for most of 2016. Owning this stock, formerly a failed oil explorer Fastnet, was like watching paint dry. Amid a totally understandable ennui the shares drifted back to lows of just under 14p which - as we had tipped the shares at 18.4p and bought ourselves at higher levels - was a bit of a pain. But then in November it roared into life and the shares are now 18.5p-20.5p and are my second buy tip of the year at up to 22p.

EVR Holdings – shares double as predicted to 6p, so what to do next?

Published 19 days ago

In September I used EVR Holdings (EVRH) as a case study in ‘How to make money out of a Chris Akers stock’ and suggested that it could rise from around 3p and wouldn’t be surprised to seeing it hit 6p, but would perhaps get out then. Well, it hit my target price this week, more quickly than I initially envisaged, so what would I do now?

Xtract Resources – For the love of God, where’s this bloody BFS?!

Published 19 days ago

Further to my last piece two weeks ago HERE on the cash challenges facing Xtract Resources, it announced a ‘keep the lights on’ placing of £220,000 on 21 December pending the authorisation of 9 billon shares at yesterday’s general meeting. All as expected but where, oh where is the goddamn BFS (or DFS or whatever Colin wants to call it)? As yet another deadline is missed, I thought I would provide a helpful overview of the quest for the mining equivalent of the Holy Grail.

Start the New Year Right with the Six Top Resolutions for Bigger Profits.

Published 19 days ago

Hello Share Manglers. It’s that thrilling time of year when this old punter arrogantly chooses your New Year resolutions for you. And please make sure you heed them this time if you want (possibly) to make the most of your profits in 2017.

ShareProphets Share Tips of the year Number 17 - Sell Eden Research says Tom Winnifrith

Published 20 days ago

In the long run buying shares in companies that break accounting rules, commit fraud and which are running out of, other people's, money is a recipe for poverty and thus AIM listed fraud Eden Research is my second share tip of the year, like my first (Cloudtag HERE) it is as a sell. The shares are now xxp but this is a sell at any price down to 0p. Frauds are always worthless in the end.

Why it is often difficult to value small resource companies accurately

Published 20 days ago

Valuing small resource companies can be difficult, and often they will appear to be far cheaper than they really are. The bulletin boards, Twitter, etc are full of people extolling the virtues of the companies that they are invested in and pointing out that they should be worth far more than what the share price currently reflects.

SyQic– Surprise, surprise, it’s been kicked off the AIM casino…..so what went wrong?

Published 20 days ago

The story that I first covered back in June HERE came to its all too predictable end yesterday with the announcement of the forthcoming cancellation of SyQic (SYQ) from AIM. Nevertheless, it is still worth spending a bit of time reflecting on the turn of events so that one can recognise the red flags in the future and avoid a similar investment disaster in the future.

Tom Winnifrith Bearcast: Why Criminal Aidan Earley must be defeated for the sake of AIM and for Natural Justice

Published 21 days ago

If the bonkers convicted criminal Aidan Earley goes through with his threat and takes legal action against me I shall see him in court and - once again - I shall defeat him. I explain what happened last time we met and why it is vital that Earley is now crushed. If he wins I shall quit writing about shares and this website will close. You say "so what?". The point is that if Earley wins it will become suicidal to run negative articles even on the most blatant of frauds, he will have established this principle. London will become a safe haven for fraudsters. That is what Earley wants. This article HERE is referred to when I say how FEW companies I accuse of fraud, contrary to what the dirty little criminal Earley says.

ShareProphets share tips of the year Number 16: Sell IGAS says Nigel Somerville

Published 21 days ago

A year ago I made AIM-listed Igas Energy (IGAS) my one suggestion – as a sell - as part of the ShareProphets tipfest for 2016. Without wishing to sound like a broken record, it is still a sell – and the clock is really ticking now especially in the light of this morning’s RNS.

ShareProphets share tip of the year Number 14: Cynical Bear says sell Nektan

Published 21 days ago

I wasn’t writing for Shareprophets a year ago but I called Nektan (NKTN) as my bear pick of the year on 14 January and it has played out as I envisaged with the share price dropping from its 31 December 2015 price of 130p to 32p today – a drop of 75%; but I think there’s still some way to go as I sense matters are coming to a head.

The Avanti Coms Annual Report Released at 2.22 - Gem number 2, rewarding greedy CEO David Williams for failure

Published 22 days ago

112 minutes after the stockmarket closed on the Friday before Christmas Avanti Communications (AVN) published a red flag strewn annual report. I have already raised one mighty red flag HERE and more will follow. But now just consider how the bombastic prick of a CEO David Williams was rewarded so handsomely for failure. Shares in Avanti are just 23p today. They were c£8 when Williams sold millions of quid worth of shares as he ramped away after the launch of Hylas 1 back in 2011.

ShareProphets share tips of the year number 13, sell Cloudtag says Lucian Miers

Published 22 days ago

Lucian is off on a tour of Eastern Euroland but when asked what his top sell tip for 2017 was he was in little doubt - at almost any price the answer is Cloudtag (CTAG) with a target price of nil. Actually Lucian does not see the shares hitting zero. However...

ShareProphets Share Tips of the year Number 12 Steve Moore says sell Tungsten

Published 22 days ago

Recent half-year results from Tungsten Corporation (TUNG) sought to emphasise “statutory loss after tax £4.5 million, a £15.5 million improvement over H1-FY16”. However, not included in this comparison is that the prior period loss included £6.8 million of non-cash impairment and £2.3 million of finance cost foreign exchange losses against, respectively, none and a £5.2 million gain this time around. Capitalised, at a current 53.75p bid price, at approaching £68 million and it looking like there is further prodigious cash burn ahoy, the shares are a sell…

Shareprophets Share tips of the year Number 11 - Cynical Bear says sell Challenger Acquisitions

Published 22 days ago

Challenger Acquisitions (CHAL) has a been a common target for me this year and it doesn’t surprise me that its share price has collapsed from 37.5p when I first wrote on the subject back in January to 11.875p today – a drop of 68%. However, I think there’s plenty more to go and would actually be surprised if it still existed by this time next year.

Do You Hold Shares with an American Connection? Watch Out for a Possible Donald Effect.

Published 22 days ago

Hello Share Tremblers.  As I hold many shares in British companies which do a lot of business in the USA, perhaps I should be getting cautious. Maybe I should beware the Trump effect in the New Year.

Tom Winnifrith Bearcast: Assisted by my father, 8 predictions for 2017

Published 23 days ago

Once again I am sitting here in Shipston with a live audience of one, my father. So we have his take on George Michael - mine is HERE. My views on Syria are referred to in the podcast and the article I mention is HERE. Then I go onto my 8 macro calls for 2017 covering Europe and the Euro, interest rates, corporate earnings visibility, fraud & bankruptcies, house prices, shares, gold and oil.

Reach4Entertainment - breach of banking covenant update - this is good news

Published 23 days ago

Reach (R4E) flagged up in its FY numbers in May that it would probably breach banking covenants. It argued this was a technical matter of no concern but the shares slumped. We urged you to buy then.

ShareProphets Share Tips of the year 2017 number 10: Steve Moore says Buy Interquest

Published 23 days ago

Following another profit warning recently, InterQuest (ITQ) has been a disastrous tip for 2016 from myself (though, thankfully, outweighed by my other one, Avesco Group, delivering a more than 180% return). But the current 36p offer price for the shares looks to me much too harsh an appraisal…

Kefi trading update - buy

Published 23 days ago

Kefi Minerals (KEFI) has been hit by the weaker gold price , issues in Ethiopia at a macro political level and by suggestions that its major shareholder ( Odey) may have its own issues. However Mr Odey is doing, we've established that he is not a seller of Kefi. If he needs to raise cash he will do so via larger more liquid positions. The other issues were addressed in a trading statement last week.

ShareProphets Share Tips of the year 2017 Number 9 Gary Newman says Sell Sound Energy

Published 23 days ago

Sound Energy (SOU) has performed better than I expected in 2016 and the share price has held up at higher levels than I anticipated, yet I still think the current market valuation is totally crazy at this stage!

Optibiotix - warrant news a flat end to the year. We really do expect fireworks in Q1 2017

Published 24 days ago

We cannot hide our disappointment that we go into Christmas with shares in Optibiotix (OPTI) trading at just 61-63p. They really should be far higher and we do expect an exciting re-rate in Q1 2017. We had expected it earlier but were wrong. We won't be this time!

Harvest Minerals: If it Looks too Good to Be True……..

Published 24 days ago

On the face of it, Harvest Minerals (HMI), whose shares have quadrupled since they switched horses from the ASX to the AIM Casino a year ago, seem like a cracking good investment.

ShareProphets Share Tips of the year 2017: No 6 Buy Big Sofa Technologies says HotStockRockets

Published 25 days ago

We have four more share tips out between now and January 2nd which you can access for just a fiver HERE, but here is one we prepared earlier which is our first share tip of the year.

Why have shares in Worthington, the fraud now in liquidation, not been booted off the LSE yet? Ask the SFO?

Published 25 days ago

The fraud Worthington (WRN) where ex prisoner Aidan Earley has now exposed himself as a shadow director, went into liquidation on November 21. So why have the shares not been slung off the Official List by the UKLA, part of the FCA? I talked to the FCA last week.

Chris Cleverley, Lord Hain, Cantor Fitzgerald - who will shareholders sue over African Potash fraud, ShareProphets puts wheels in motion

Published 25 days ago

We have been contacted by a number of shareholders in African Potash (AFPO), which is now on ISDX and will soon be booted off AIM Formally and will go bust within weeks, who have lost money and want to sue someone over this fraud. We will back any such action with a generous donation but the question is who to sue and on what grounds? But, sorry to break the bad news to certain folks on Christmas day, but wheels are in motion...certain folks may wish to call a lawyer PDQ

ShareProphets Share Tips of the year 2017: No 5 Buy Swallowfield says Steve Moore

Published 25 days ago

A recent share tip on the Nifty Fifty website at a 250p offer price, shares in developer, formulator and supplier of personal care and beauty products, Swallowfield (SWL) are already ahead to a current 270p offer price. However, this is still down from 290p reached in October - and I believe there could be much more to come and so it is my first tip of the year.

Notes from Underground: 'Tis the Season

Published 25 days ago

As this feature falls on Christmas Day, there is nothing else to write other than Happy Holidays and a Great Winterval to All! TW Note: You are a Godless liberal and Santa will not be rewarding you with anything at all this year.

Port Erin Biopharma – the interesting case of the Diabetic Boot Company (Part 3): The Jim Mellon spoof continues

Published 27 days ago

Two classic Christmas RNS’s from Port Erin Biopharma (PEBI) this week, the second of which came out at 12 yesterday, being the disappointing final results for the year to 30 June 2016; however, it was the one on Thursday relating to a short-term loan to Jim Mellon’s favourite investment, the Diabetic Boot Company (“DBC”) that really raised my eyebrows.

Table of shorted AIM shares - week to 23/12/2016

Published 27 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week (see HERE). The big move is the increase in the Telit short.

ShareProphets Share Tips of the year 2017: No3 Sell Wolseley says Chris Bailey

Published 27 days ago

Best FTSE-100 short for 2017?  After musing about the property stocks I chanced upon Wolseley’s (WOS) epic push towards a 50 quid share price.  First congratulations to anyone who picked up shares in the plumbing and building industry supplier at the time of the Brexit referendum vote for around 36 quid.  My advice though for 2017 is to sell the shares. 

Professor Stacey's Christmas Lecture

Published 27 days ago

Hello Share Jinglers. Look at a cat’s face.  Next, picture snow softly falling on a wood. Now imagine the Big Bang. All those zillions of bits and pieces flying through space. Then falling exactly into place to produce a world like ours in all its complexity and wonders of nature, for example: a spider making a web

Guscio – attempts to sneak full-year results out today, a review shows why…

Published 27 days ago

Friday 23rd December, “Final Results & Notice of AGM”. Uh-oh, what has this worryingly-timed announcement from Guscio (GUSC) got in store? ...

Levrett update and other disappointing Sub-Standard Shockers XI news

Published 27 days ago

This week was always going to be a good week for a Sub-Standard Shocker XI or two to release some news and Levrett (LVRT) didn’t disappoint (well it did but you know what I mean) with the release of its interims this morning. Guess what - the cash has almost run out already!

ShareProphets Share Tips of the year 2017: No 2 Sell Cloudtag says Tom Winnifrith

Published 27 days ago

I kick off my contribution to the 24 share tips of the year for 2017 that ShareProphets writers will be publishing between now and January 3 with one of the four sells I shall deliver. And I start with the most obvious: sell AIM fraud Cloudtag (CTAG) at 7.125p with a 0p target.

FRAUD African Potash: why hide the vote as share trading dries up completely?

Published 27 days ago

The fraud African Potash (AFPO) now sees its shares trade on the ISDX lobster pot as it is still yet to find a replacement Nomad to act for it on the AIM Casino following the resignation of Cantor Fitzgerald. Not even Cairn Financial - which pro tem acts for the serial liars at Cloudtag (CTAG) - will act for lyin' Chris Cleverley. So on January 7 the relegation to ISDX will become permanent. The pledges of CEO Cleverley that he was optimistic of finding a new Nomad will be shown to be...er... lies. Quelle surprise. But it gets worse and will get even more worse on Christmas Eve.

Your Shares Booming At Last? - Here's Why.

Published 27 days ago

Hello Share Squirters. The Footsie keeps on rising. Allowing for the usual Santa Rally, one wonders why? After all, as Uncle Tom keeps saying, the world is overloaded with debt and many big countries, like Italy, France and Spain, have shaky economies. There seems no obvious reason for shares to bloom.

Tom Winnifrith Bearcast - suffering at the Post Office as Cloudtag fesses up to ANOTHER lie

Published 28 days ago

In today's late bearcast I relay a stressful experience in the Post Office and the discovery of ouzo in my local Sainsbury. Is it just for me do you think? Cloudtag (CTAG) was caught telling porkies AGAIN, this time by Nigel, and I discuss that. I discuss React (REAT) shares in which we own. Then I look at Servision (SEV) and finally note Drunken Sailor's revelation on United Cocao (CHOC). And there is news about what is in store between now and Boxing day.

United Cacao may go tits up in February - awful statement: sell

Published 28 days ago

We picked up some of these shares at the Dragon's Den pitch at the UK Investor Show. We sold this morning at a loss and in disgust at 91p. The order was just to sell after United Cacao (CHOC) served up the most god-awful trading statement on a day when most folks are just not around but are off doing Christmas shite. Sadly for Cacao Scrooge's biggest fan is at his desk and my comments on this horror are in bold.

Strat Aero Hulsey Smith dumps shares again - but now says he will hold fire? Really?

Published 28 days ago

As you may remember, by February 14 AIM listed Strat Aero - a company that has committed fraud - will be both out of cash and £300,000 in debt to a loan shark. As it munches its way through a hundred grand a month the outlook looks bleak, in fact it looks terminal. This has 0p written all over it. The man who exposed the frauds we know about is a chap called Hulsey Smith who was given a stack of cash and 12% of the equity to settle a legal case and shut up. And so today we learn that Hulsey has been dumping more shares.

M. P. Evans – hostile offer lapses, shares slump, you were warned…

Published 28 days ago

Having soared above 600p in October and reached more than 700p in November, shares in palm oil producer M. P. Evans (MPE) are currently back at around 550p following the offer for the company lapsing. You can’t say you weren’t warned…

2016 in review: our top 30 articles and Tom's ten most read non financial pieces

Published 28 days ago

As the year draws to a close it is only natural that we look back on the past twelve months. And it has been twelve months of achievement. It is a great achievement in that our writers have continued to write exactly what they want without any editorial interference. So Cynical Bear & Gary Newman have knocked shares I own. So what? We really do support free speech.  And it has been a year when we have "dealt with" more frauds and lies on the AIM casino and the main market than ever before. That really is the USP of ShareProphets.

Cloudtag: FFS Cairn how many times will you take it up the arse before you quit? New Letter sent

Published 28 days ago

And so today we have another revelation, this time from Nigel, showing how the rotters at Cloudtag (CTAG) have once again lied to investors in an RNS. I say once again because we have now lost track of the number of times this has happened. And the lies have been told with deliberate purpose: to pump the share price to allow both insiders and those backing placing after placing to dump stock at inflated prices. This is fraud. Yet Nomad Cairn continues to sign off on these lies issued via RNS, to tolerate CEO Amit lying in podcasts and videos to ramp the shares. So I have written once again to Cairn and cc'd in AIM Regulation

Neil Ritson and LGO Directors wear hair shirt "we are all in it together" - its a smokescreen

Published 28 days ago

In the most recent statement from LGO Energy (LGO) much was made about how the board was showing restraint at the corporate trough. Shareholders may have seen the shares collapse from 6p+ to just 0.11p but "we are all in it together". Nope! This is a smokescreen.

Hayward Tyler – “pleased to announce” an issue of loan notes, I bet it is…

Published 28 days ago

Having recently required a “£3 million increase of committed banking facilities and relaxation of financial covenants”, Hayward Tyler (HAYT) is now “pleased to announce” an issue of loan notes…

Enter the Great British Bank Challenge with a Look at Aldemore.

Published 28 days ago

Hello Share Carollers. Despite Wild Rides’ consistent scepticism, I still favour investing in all of the four biggest banks at the mo. The recent rallies of Barclays (BARC) RBS (RBS) Lloyds(LLOY) and the Honkers Bonkers (HSBA) surely support  this view. 

Is this the most incompetent company listed in London and is WH Ireland the worst ISDX Adviser?

Published 29 days ago

Talk about incompetence. This gem is from ISDX listed FT8 PMC ( GFT) and I can do no more that run the statement below with my comments in bold. Words just fail me.

Pittards – not a wonderful time of the year here AGAIN, profit warning…

Published 29 days ago

This does not seem to be a wonderful time of the year for leather goods producer Pittards (PTD). In 2014, there was shocking news it didn’t tell of, last year a 23rd December “materially below” expectations profit warning and this year we now have a “Situation in Ethiopia and Trading Update” announcement. As you may have guessed, it ain't good...

Mercom Capital – Guys, guys, have we got a deal for you?

Published 29 days ago

I only wrote about Mercom Capital (MCC) at the weekend commenting on the strange goings-on, particularly the share price continuing to hit new highs on hype and hope alone (and a lot of Calvet buying!) at the same time as the funding round being reduced. Today’s announcement of further changes to the proposal adds to the mystery.

Convicted felon Aidan Earley of Worthington infamy goes into bat for Cloudtag - labels Tom Winnifrith a corporate serial killer

Published 29 days ago

The increasingly deranged ramblings of convicted criminal Aidan Earley of Worthington (WRN) infamy get more bizarre with the poor man now going into bat on behalf of Cloudtag (CTAG). Poor Amit Ben Haim, with friends like this no wonder his shares are tanking.

Slater & Gordon in new probe - was it cooking the books pre Quindell? I reckon it was.

Published 29 days ago

Oh dear, it just gets worse and worse for Aussie law firm Slater & Gordon (SGH), the near bankrupt owner of the fraudulent Quenron (QPP) businesses. It has now fessed up that the Australian Securities and Investments Commission (ASIC) has served it with two notices to produce documents relating to an “investigation into the accuracy of financial records and accounts of the company for the period between 1 December 2014 and 29 September 2015”.

Our Monday share tip is up by 26% so far but it will double from here - catch it and 4 more tips for just £5 NOW!

Published 30 days ago

Our Monday share tip is up by 26% in 1 day but it will double from here - catch it and 4 more tips for just £5 NOW!

eServGlobal – full-year results, to “provide further evidence of our success”. Really?

Published 30 days ago

eServGlobal (ESG) has announced results for its year ended 31st October 2016 emphasising “steady progress in the re-alignment of the business” and “we are confident we will provide further evidence of our success in the year ahead”. Hmmm…

San Leon bid approach - Hold pro tem - any bid must be at c70p +

Published 30 days ago

San Leon Energy (SLE) has announced an early stage bid approach. Its shares are up to 49.5p on the news just down on our tip price but we hope you've followed our advice since and averaged down so are in the money. San states:

Cloudtag: An Open Letter to Cairn Financial - when will you quit as Nomad? Now?

Published 30 days ago

It is an open secret in the City that Cairn Financial will, at some stage, cease to act as Nomad for Cloudtag (CTAG). And given that the AIM listed company has lied to investors on a serial basis and also committed securities fraud no other Nomad will take this account on. As such, when Cairn quits, the shares will be suspended and a month later booted off AIM. That will preclude any more fund raisings and so will mean shareholders lose everything as the company goes bust. This situation is unfair on investors and so I have written to Cairn. That is because I am just a nice guy.

Canadian Overseas is a good example of why you should manage risk

Published 30 days ago

It never ceases to amaze me just how much some are prepared to risk on very high risk AIM companies where the odds are against them, and this is a sure-fire way to quickly see all of your money go up in smoke!

Digital Barriers – another contract announcement. Rampity, ramp?

Published 31 days ago

Following contract wins announced at the start of the month, Digital Barriers (DGB) is now “pleased to announce that it has secured a $2.1 million contract for its unique ThruVis standoff threat detection camera”. The shares are currently up a tad to 36.5p in response, but…

Arria NLG - little more than 3 years after listing on AIM… proposed de-listing…

Published 31 days ago

5th December 2013: “Arria (NLG) is joining AIM (at 100p per share) in order to raise the company's profile and support the development of the Arria NLG brand internationally, give access to equity capital as needed, facilitate the recruitment of high calibre employees and provide liquidity in the company's shares”19th December 2016: “Proposed cancellation of trading on AIM” (with the shares at 13.25p)…

Falanx - very cheering AGM Statement Indeed

Published 31 days ago

The AGM of Falanx (FLX) on Thursday was a cheerful affair. We tipped these shares at a 4.25p offer in May. They are now 6.75p-7.5p. ot only were all the usual tedious resolutions passed but there was an upbeat trading statement.

Tom Winnifrith Podcast: Discussing Big Sofa with Adam Reynolds

Published 31 days ago

Big Sofa Technologies (BST) IPO'd on AIM today at 17p - the shares are now 21p. It is the latest Adam Reynolds stock and we own "a few" shares. I recorded this podcast to discuss the investment case with Adam.

Five hot share tips for just £5 - starts Monday 7.45 AM (TODAY!): Don't miss out!

Published 31 days ago

On Friday we published an update on a tip from a few months ago. We tipped the shares at a 4.25p offer, they are now 6.75p to sell so that is not a bad return for 5 months work. BUT IT IS NOT ENOUGH! The shares are still cheap and we won't be advising selling till they are 8p or more which they will be very soon.

Invest in silver now for future shortages in supply

Published 32 days ago

Other than a few months around the start of the year, we are now seeing silver back at its lowest levels since mid-2009, and I can see a strong bounce coming soon.

Begbies Results - still a buy

Published 32 days ago

Business recovery and property services group Begbies Traynor (BEG) has announced results for its half-year ended 31st October 2016 and that “for the year as a whole, we anticipate growth in earnings, in line with expectations”.

Mercom Capital – is this actually just another Calvet stock promotion?

Published 32 days ago

With Mercom Capital’s (MCC) share price rising ever higher in recent weeks, I felt it merited an update from my last piece in October as the situation is getting ever stranger and I suggest care needs to be taken from here.

AIM Regulation putting its foot down for once – I wonder who the company could be?

Published 32 days ago

Unbelievably, it’s very rare for AIM to actually issue a disciplinary notice but one came out last Thursday. Unfortunately it was anonymous although it is still worth taking a closer look and we may as well try and have a guess if nothing else.

Notes from Underground: It's beginning to feel a lot like higher page views

Published 32 days ago

The week that follows Christmas Day is the slowest of the year on ShareProphets reader views - but we'll still be here. The two weeks before Christmas always seem to be some of the highest rated weeks. I don't know whether is some sort of reality avoidance action or ShareProphets readers are actual embodiments of Scrooge - a personal hero on Tom's as he has explained today HERE.

Sepura – recommended offer agreed… but at just 20p per share…

Published 33 days ago

Having warned with the shares at around 140p HERE, 65p HERE, as they slumped from above 40p HERE and at just below 20p HERE, a recommended offer for Sepura (SEPU) has been agreed… at just 20p per share…

Table of shorted AIM shares - week to 16/12/2016

Published 33 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Petropavlovsk and that global warming update - buy

Published 33 days ago

Petropavlovsk (POG) has announced results of its adverse weather-induced (are you reading Al Gore?) impact assessment at Andreevskaya East  – with both negative and positive outcomes.

Mirror, Mirror on the Wall. Will your Shares Rise or Fall?

Published 33 days ago

Hello Share Tasters. I hold more Trinity Mirror (TNI) shares than I am happy with. It’s the usual story of having invested many, many years ago and then failing to wave bye bye when the story changes for the worst.

Xtract Resources – Massive dilution ahead….but will it actually help?

Published 34 days ago

Earlier this week, Xtract Resources (XTR) announced an upcoming EGM to authorise the issuance of a further 9 billion shares, a mere 50% of the current share capital! Sounds like a lot but one needs to have a look again at the last heavily dilutive funding round in November to ascertain whether this is actually going to help.

CloudTag: Well that clears up all those pesky questions, right? Um….

Published 34 days ago

Yesterday’s staggering RNS from CloudTag (CTAG) has already been covered brilliantly in the CloudTag Bearcast special with Tom Winnifrith at his acerbic best – an absolute must-listen - but I have a couple of other observations and am unable to leave the L1 conversion notice date lie alone just yet!

Advanced Oncotherapy - even house broker Beaufort now getting cold feet

Published 34 days ago

As joint house broker to the exponent of Securities fraud that is Advanced Oncotherapy (AVO), Beaufort has to sound bullish and has thus reiterated its speculative buy stance today. But read the note carefully. Beaufort is frit. I have highlighted key phrases that have not appeared before for you. Key phrases which show goalposts being moved and a broker that is sick of being made to look foolish.

Optibiotix - big news and validation from India: Buy

Published 34 days ago

On 29 November Optibiotix (OPTI) stated: "OptiBiotix reports that it has reached late stage commercial discussions with six commercial partners across its technology and product platforms.". The knockers said "jam tomorrow won't happen". This week the first of the six deals was announced and it is massive. More will follow as Adam Reynolds made clear yesterday exclusively HERE. The news is:

The new Cloudtag distributor - this is a joke how can Nomad Cairn sign off on this crap?

Published 34 days ago

Now for the drill down in detail on the horseshite served up by liars and fraudsters Cloudtag (CTAG) and morally bankrupt Nomad Cairn in yesterday's disgraceful RNS - the overall take is HERE. Let us now look at the new distributor in the UK and Europe Nemesis. It will work alongside Second Chance which used to have an exclusive deal and was guaranteeing 2016 sales of $5.2 million, It has delivered nil. So will Nemesis do any better?

CloudTag – trading restored as company gets back to what it does best

Published 34 days ago

Wow! I’d love to have been a fly on the wall over at Cairn Financial as the wording of last night’s no-one-is-watching-o’clock RNS from AIM-listed CloudTag (CTAG) was being, ahem, “discussed.” I wonder how long that lot took to put together….since last Friday? It was a real shocker.

Tom Winnifrith bonus bearcast - more lies from Cloudtag, shares to restart trading Friday: SELL

Published 34 days ago

Cloudtag (CTAG) has released an after hours RNS. It beggars belief that Nomad Cairn has signed off on this shite, More lies to compound earlier lies but also an admission of more breaches of AIM Rules and that 2016 sales will be zero, contrary to earlier lies. It is all utter horseshite and in this special podcast I take apart this statement bit by bit. It is a bad day for AIM. Cairn you should be ashamed and is beneath contempt. Cloudtag has lied and committed fraud and its shares are a sell with a 0p target.

In the 12 Days to Xmas, Review Your Shares A-Leaping

Published 34 days ago

Hello Share Pickers. I'm in the middle of one of those interminable train journeys where you pass loads of familiar town names everybody knows, but where nobody ever stops. In this case Wilmslow, Hereford, Leominster, Ludlow, Crewe, Craven Arms etc. Well, have you ever been there?

 

Sula - meeting with Roger Murphy at Heathrow Airport

Published 35 days ago

Yesterday I was explaining how silly it was to say I was bashing Cloudtag (CTAG) because its CEO is Jewish. I am an ardent zionist and very keen on the Jews. The Welsh however, that is another matter altogether. Where do I start when it comes to the race of short, untrustworthy, bone idle, sheep molesting, welfare addicted whingers who blame all their woes on the English? Oh yes, I met a nice Welshman yesterday. Don't get me wrong some of my best friends are Welsh. Well my daughter anyway.

Amryt Pharma finally roars into life: last chance buy

Published 35 days ago

We tipped Amryt Pharma (AMYT) pre-consolidation at an effective 18.4p earlier this year and until last week it all went quiet. Now it has roared into life and the shares are 18.5p-20.5p. So what happened? And what next?

Tom Winnifrith Podcast with Adam Reynolds on Concepta

Published 35 days ago

I sat down with Adam Reynolds, the shellmeister today and recorded a string of podcasts. This one is on Concepta (CPT) a stock we own. The shares are 16p-17p. IMHO they should be closer to 30p. The next six months will see masses of news and real, material, sales and that will, I'm sure, drive a real re-rating of the shares. Listen to what Adam says...

Advanced Oncotherapy: the answer to evidence you committed securities fraud is not a sham video

Published 35 days ago

It is now 11 days since I published details of leaked emails which showed that AIM scumbag Advanced Oncotherapy had withheld awful trading news from investors as the company launched an open offer. That is clearly securities fraud. Almost as bad, the emails showed that the timelines the company had held out to both customers in China and investors in London for product delivery were just fantasy. And that is why customers walked. Heads should have rolled. Hapless Nomad Stockdale should have forced a statement. And having told its house broker (Beaufort) that a much needed refinancing would happen by the year end, we need an update on that too. Instead...

Q&A with John Blamire of Falanx Group

Published 35 days ago

There is a very strong AGM statement today from Falanx (FLX). I must declare that we own shares in this company. What follows is a Q&A I have just done with Mr Falanx John Blamire.

Fox Marble warns again but we really do think this is the nadir

Published 35 days ago

Another day, another disappointing update from Balkans region quarrier Fox Marble (FOX) – with “the conversion of orders into delivered sales has taken longer than anticipated… leaving our estimated sales number for full year 2016 lower than expected”. We’ve now spoken to CEO Chris Gilbert.

"Timber! time" at Avanti Communications & the sheer pointlessness of Edison Research - the worst research note of 2016

Published 35 days ago

Shares in drowning in debt Avanti Communications slumped again on Wednesday to a new record low of 18p - the market cap is now just £27.6 million and death is imminent. As I pointed out at the weekend, its shares could be suspended on December 30th but its real worry is insolvency - it will be out of cash by January and it looks impossible to refinance. The cry is Timber! This once mighty AIM play is falling and will soon be lying as a rotting corpse on the forest floor. Where has all the money gone?

Tungsten Corp – interims, claims “very encouraged by the emerging momentum”. Hmmm…

Published 36 days ago

Tungsten Corp (TUNG) has announced results for its half-year ended 31st October 2016, with CEO Richard Hurwitz statedly “very encouraged by the emerging momentum across our business”. Hmmm…

Audioboom – claims “reached a crucial tipping point”. Er, yep… nearly all the money’s gone AGAIN!

Published 36 days ago

Previously writing on spoken-word audio platform company, Audioboom (BOOM) I noted “agreement for investment from China ‘not yet been reached’, surely not to be cash crunch ahoy AGAIN!”. The company is now “pleased to provide an update on its Q4 KPIs and trading for the year ended 30 November 2016” and, well, er…

Will Webis ever actually make a profit?

Published 36 days ago

There is a saying that ‘revenue is vanity, profit is sanity’, and I have to wonder if there is a better example of this than tiny AIM listed betting company Webis (WEB)!

The Redcentric fraud - Uh Oh: very bad news for Tony Weaver

Published 36 days ago

Redcentric (RCN) has detailed the preliminary findings of its investigations into accounting fraud. And they beg very serious questions indeed for Tony Weaver who set this company up and whose AIM listed MXC Capital (MXCP) guided it, but dumped all its shares in the summer shortly before Weaver quit - which in turn was just a week before the fraud problems emerged and the Weaver appointed FD was fired.

ShareSoc ramper & pompous arse Roger Lawson attacks evil shorters & backs failed regulators as Paysafe shares tumble

Published 36 days ago

Here we go again. Wicked and evil bears launch an attack on a great British company and pompous arse Roger Lawson of ShareSoc insists he knows better, just like he did with Globo and Blinkx, and attacks the bears. The pompous and disgraced share ramper opines on his blog with three readers:

Red Rock small disposal, small beer: still a buy

Published 36 days ago

Red Rock Resources (RRR) has announced that it has sold 1,350,000 shares in AIM listed Goldstone Resources (GRL) for net proceeds of £15,625. Following these disposals, Red Rock's holding in Goldstone consists of 8,113,986 shares or 7.93% of Goldstone's issued share capital.

The Big Grid Could Light Up its Shares on Electric Cars, a Cold Winter and Other Power Guzzlers

Published 36 days ago

Hello Share Geeks. In a very recent survey of the most popular companies in which people are currently buying shares, National Grid (NG.) came in the top ten. 

Getech Group – AGM update sees shares bounce

Published 37 days ago

Provider of data, studies and services to the natural resources and energy sectors, Getech (GTC) has updated in conjunction with its AGM – and the shares have currently responded approaching 10% higher, to 35p…

Microsaic Systems – reckons “clear opportunities exist”, but it's a profit warning…

Published 37 days ago

“Trading Statement” announcement from Microsaic Systems (MSYS) starts with that “it is expected that EBITDA and pre-tax profit for 2016 will be broadly in line with market expectations… The company has reshaped its business strategy to focus on the Pharma market where clear opportunities exist for the company's products”. Hmmm, “broadly in line” is of course ‘slightly behind’, though at least there’s “clear opportunities” ahead. Though, wait. What’s that? The shares currently down approaching 20%, towards 3p?!? …

Photo article: Doing a good turn to assist 5 GCSE Cloudtag Moron Hayley who is better educated then (sic) me

Published 37 days ago

With her 5 low grade GCSE's and diploma in media studies Cloudtag (CTAG) moron Hayley reckons she is better educated then (sic) me as part of a storm of tweet insults she sent me. Poor Hayley must be feeling a bit down given that shares in Quindell (oops, that is what her dim twin Kate backed & insulted me over), I mean Cloudtag, are suspended. So to make her feel better here is her promo photoshoot from the modelsfor facebook site. Always happy to support someone at the start of their career I bring you it in full. I warn you that Hayley is not dressed for going outside in these chilly winter days.

Iofina - when is a (lack of) profits warning not a profits warning?

Published 37 days ago

When it is described as a "corporate update". That is how Iofina's (IOF) prize piece of excrement PR person Dominic Barretto headlined yesterday's profits warning. It looked so tame why bother reading? But it was a warning and Barretto being a total wanker deliberately did not add in any hard numbers. You see he views investors with contempt. His job is to polish a turd not to inform. And boy is Iofina a turd.

LGO - After the pump the inevitable dump

Published 37 days ago

Having ramped its shares up to 0.15p by pretending that the refinacing of its bank debt was by anything other than a death spiral and with some huffy puffy claptrap about new drilling, LGO Energy (LGO) got back to what it does best today, a placing to dilute yet again.

Long road to recovery for Gulfsands

Published 37 days ago

Whilst it is great to see Gulfsands (GPX) rising on the back of recent news about a possible peace deal in Syria, I am far from convinced that such a large rise in share price is in any way justified at this point in time.

Cloudtag EGM passes resolutions but shares still suspended & that is BAD News

Published 38 days ago

The EGM of AIM fraud Cloudtag (CTAG) was delayed because the plane carrying CEO Amit Ben Haim was held up by fog on its approach to the Channel Islands. Once the great man arrived all resolutions allowing the issue of vast numbers of shares to death spiral providers, and anyone else who will stump up cash, were duly passed. No shock there, most morons can't afford an air fare so voted by proxy pre suspension at a time when the shares were flying so, natch, they backed management. But....

Hardide – company reckons recent new funds for investment in growth, full-year results suggest different

Published 38 days ago

Previously writing on provider of advanced surface coatings, Hardide (HDD) in October, I noted its raising of £1.6 million at 0.8p per share – questioning “to progress with its plans for future developments and growth” or ‘to keep the lights on’? We now have results for the company’s year ended 30th September 2016…

Molins – seeks to emphasise “positive” recent order intake, but for this year it’s another profit warning

Published 38 days ago

After August “Half-year Report” announcement = Profit Warning from Molins (MLIN), we now have a “Trading update” announcement which is a further profit warning – seeing the shares down from my bargepole conclusion at 53.5p to a current sub 50p…

New mine coming online should give Orosur a boost

Published 38 days ago

Orosur Mining (OMI) remains one of my favourites amongst the small gold miners listed on AIM, and I now hold shares in the company myself, hopefully awaiting a turnaround in the price of gold.

Cloudtag: Are frauds allowed to break AIM Rule 26?

Published 39 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?

Notes from Underground: Human sacrifice, dogs and cats living together... mass hysteria

Published 39 days ago

Well, well, well. The Cloudtag (#CTAG) saga has not just whipsawed through the wallets of slackjawed investors, it has upturned this weekly feature. A feature, for the first time since the creation of this list, has made it to #4 without being written by Tom Winnifrith. Behold Is CloudTag sitting on a price-sensitive conversion notice? by Cynical Bear.

New Bulletin Board Moron of the Week Contest sponsored by sleazy Lord Peter Hain

Published 40 days ago

I shall be saying another prayer at the little church on the way to my Greek Hovel tomorrow morning. It will be a prayer asking God not only to show strength to my source on the kerboom emails for one AIM stock but also to make Lord Peter Hain see the light about his involvement with the fraud African Potash (AFPO) as it prepares to see its shares suspended this Wednesday. Lord Hain is no doubt familiar with the book of Mark, chapter 10 verses 20-24. King James version natch:

Tom Winnifrith Bearcast: The ffing awesome team ShareProphets & Lessons from the Fairpoint debacle

Published 40 days ago

In this regular bearcast I look at why this is not a one man site. I also explain reasons why I am getting more and more bearish about shares generally. There is brief comment on Altona (ANR) and International Personal Finance (IPF) and then a very detailed look at the Fairpoint (FRP) car crash and the wider lessons for us all.

Trading platinum has produced my biggest wins in 2016

Published 40 days ago

I’ve always had in an interest in the natural resources sector, but in the past I had mainly stuck to investing and trading the shares of companies within that area.

Tom Winnifrith Bearcast - a Cloudtag Special

Published 40 days ago

There were no bearcasts yesterday and so today there will be two. I start with AIM casino bad boy and fraud Cloudtag (CTAG) which now adds market abuse to the list of financial crimes of which it is guilty. Why are the shares still suspended? is this the end or the beginning of the end? Who deserves to go to jail? Who deserves sympathy? All is revealed in this bonus podcast.

CloudTag – “Fiske”ing yesterday’s RNS: WTF is going on?

Published 40 days ago

A great call from Cynical Bear appears to have forced a statement out of AIM-listed CloudTag (CTAG) and a suspension of the shares. But close reading of last night’s no-one-is-watching o’clock statement suggests that the announced loan conversion and warrant issue is not all that it seems. I’ll come back to the issue of headroom later, but first there are a few issues which need to be clarified by the company in short order. 

BrainJuicer – “above current market forecasts” trading update, but value in the shares?

Published 40 days ago

Market research group BrainJuicer (BJU) has updated that it is “confident” of profit for the 2016 calendar year “above current market forecasts” - sending the shares more than 8% higher towards 540p…

Table of shorted AIM shares - week to 09/12/2016

Published 40 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

CloudTag comes clean…..well apart from the obvious lie that is!

Published 40 days ago

Just a couple of hours after my suggestion yesterday that CloudTag (CTAG) might be sitting on price-sensitive information, the share was suspended and an after-hours RNS came out announcing that, funnily enough, the L1 conversion had taken place after all. Glad to be of service! Unfortunately, CloudTag can't help itself and I don't think they've come totally clean just yet.  

Picture This - A Stunning Company which Keeps on Developing Profits.

Published 40 days ago

Hello Share Twiddlers. There are some shares in our bag, gang, that we know, just know will keep on bumping up our investment. I have brought to your notice recently the Welsh computer engineer IQE (IQE). That is one of them. Another is Legal and General (LGEN).  And a third is the Honkers Bonkers bank (HSBA).

Waterman Group – positive AGM statement, but…

Published 41 days ago

Engineering and environmental consultancy group Waterman (WTM) has updated on performance in conjunction with its AGM – and the following reviews with the shares presently 3% higher at 84p…

Is CloudTag sitting on a price-sensitive conversion notice?

Published 41 days ago

I’m a bit confused about what’s going on at CloudTag at the moment (aren’t we all). Until recently, I thought I understood L1’s modus operandi, namely make as much money as possible as quickly as possible but I don’t understand why it hasn’t converted a tonne of shares at the closing bid last Friday of 6p……or have they?

Fyffes – review of recommended offer from Sumitomo Corp

Published 41 days ago

Dublin-headquartered international grower, importer and distributor of produce including bananas, pineapples, melons and mushrooms, Fyffes (FFY) has agreed to a €2.23 per share offer from Japan’s Sumitomo Corp, seeing Fyffes’ shares on AIM currently 44.5% higher to 186.5p (currently just under €2.22)…

Avanti Communications share suspension on December 30? New bond default?

Published 41 days ago

Well here is an early Christmas present for all good bears, Avanti Communications (AVN) has sort of fessed up to the fact that its shares may be suspended from the AIM Casino on 30th December and that it may be facing a new bond default. Oh dear. If that is not a cue to sell as fast as you can, what is?

Plexus Holdings – AGM update; argues strong position for next cyclical upswing, but how far away’s that?

Published 42 days ago

Shares in oil and gas engineering services company Plexus (POS) are currently more than 12.5% higher, at 73p, on the back of an “AGM Statement” which argues “with a strengthened balance sheet, a large wellhead inventory, an expanded suite of Plexus products, partners in strategically important territories, and a successful track record with a who's who of blue chip operators, Plexus is in a strong position to take advantage of and benefit from the next cyclical upswing”. Hmmm…

Tom Winnifrith Bearcast - what is the ISDX lobster pot? ( my specialist subject)

Published 42 days ago

After day six of the olive harvest I am shattered but it looks as if tomorrow may be the final day which means a late night at the press in Kambos, ouzo and no bearcast. You have been warned, the Sheriff may have the whole day off so tomorrow is a good day for shysters on the AIM casino to issue dodgy press releases. I take two reader requests. One is on Sirius Petroleum (SRSP) the other on my specialist subject - what is ISDX. In terms of companies I cover Cloudtag (CTAG), African Potash (FRAUD), RedT Energy (RED), Bilby (BILB). In the ISDX piece I mention Chapel Down and Mechan, we own shares in the latter.

African Potash arrives on the lobster pot - now remember to sack lyin' Chris Cleverley at the AGM

Published 42 days ago

Surprise, surprise. After three months of looking for a Nomad to replace Cantor Fitzgerald who did not want to sign off on any more lies, the FRAUD African Potash (AFPO) has found no-one to take on the gig. It says that it is still in talks but who is so desperate for cash that they would want to act for such a slam dunk fraud? If no-one signs up for reputational hari kiri by January 7 Potash will be slung off the AIM Casino for good. Right now its shares are merely suspended. But what about the ISDX listing?

Surface Transforms – half-year trading update, despite attempted glossing over cash burn concerns…

Published 42 days ago

Previously writing on developer and manufacturer of jam tomorrow (Oops sorry, of carbon ceramic products for the brakes market), Surface Transforms (SCE) I concluded with the shares sliding below 25p that delayed jam tomorrow in conjunction with the nearer-term trading challenges saw me continue to avoid. There is now a “Trading Update” announcement, on the back of which the shares are currently around 8.5% lower at sub 22p...

M. P. Evans – asset sale to further bolster defence against takeover offer (Oops sorry, in line with long-term strategy)…

Published 42 days ago

To further bolster its defence against a 740p per share offer from Malaysian company Kuala Lumpur Kepong (Oops sorry, “in the pursuit of the board's strategy to control and manage all our Indonesian plantation assets”), M. P. Evans (MPE) has announced a conditional agreement to sell its 36.84% share in PT Agro Muko to partner Sipef for $100 million and intention to pay a 10p per share special dividend to shareholders following completion…

LGO Energy signs up to death spiral and its shares surge... whatever

Published 43 days ago

Shares in LGO Energy (LGO) have raced ahead by 33% to just over 0.14p on news that the company has signed up to a new uber expensive death spiral. Truly some folks just do not get why death spirals are called death spirals. But every cloud has a silver lining: the cash means that LGO can repay French banksters BNP Paribas.

FRAUD African Potash shares up 30% (and it was 90%) - a dead cat bounce as it debuts on ISDX

Published 43 days ago

Shares in the fraud African Potash (AFPO) made their debut on the ISDX lobster pot today and for some reason have surged on AIM. This is a dead cat bounce. Tomorrow they will be suspended on AIM and a month later booted off the Casino because no Nomad will act for this company - Cantors having given notice on September 7. The reason that no Nomad will act - despite promises from lyin' Chris Cleverley in a recent RNS that he was confident one would - is that Potash issues lies via RNS to get placings away. Thus it is a fraud.

John Lewis of Hungerford – full-year results, “fifth consecutive year of sales growth” BUT…

Published 43 days ago

Specialist kitchen manufacturer and retailer John Lewis of Hungerford (JLH) has announced results for its year ended 31st August 2016 – including a “fifth consecutive year of sales growth, which exceeded £8 million for the first time”. However…

CAP-XX – was pleased with commercialisation progress, now lower prices in ‘response to customer demands’. Hmmm…

Published 43 days ago

Having in its October full-year results announcement been “pleased with the progress made in commercialising our small and large supercapacitor products”, CAP-XX (CPX) has now announced it has “responded to the demands of our international customer base… significant production cost savings on its supercapacitor solutions for both passenger vehicle and heavy vehicle automotive applications”. Hmmm…

Dialight – now targeting “materially ahead of expectations”. But…

Published 43 days ago

LED lighting technology company, Dialight (DIA) has updated that “following a good November performance and looking forward to the prospects for December, the group is now targeting an underlying EBIT (including FX) for the year ending 31 December 2016 materially ahead of expectations”. But…

Advanced Oncotherapy - The deafening silence is itself a cause of panic: target price is 0p

Published 44 days ago

Yesterday I published extracts from leaked emails that show that Advanced Oncotherapy (AVO ) kept very bad news regarding China contracts from investors as it launched and conducted an open offer. That is monumentally serious. In the US folks would already be doing a perp walk fort that but even our useless regulators will do something here. In normal circumstances the company would issue a response via RNS but here we are a day and a half later and even though the shares slumped yesterday and are sliding again today we hear only a deafening silence.

Image Scan Holdings – full-year results, jam now being delivered?

Published 44 days ago

X-ray imaging for the security and industrial inspection markets-focused Image Scan Holdings (IGE) has announced results for its year ended 30th September 2016 – and the shares are currently slightly higher to 6.5p…

CFD firms whacked as Britain's FCA follows European lead and clamps down

Published 44 days ago

I do not use CFD's. They seem like a mugs game and indeed research by the FCA shows that 82% of clients of the big providers lose money. But then most folks lose on the horses or on betting on football so why target CFDs? It is all driven by MiFD2. We saw this take shape in Cyprus last week although Plus500 denied that it would be affected in a pathetic rebuttal to my scoop. That rebuttal was bollocks and Plus shares are among the big fallers today as the FCA has weighed in with a series of measures.

Imaginatik – half-year results note “tangible results for our customers”, but what about for shareholders?…

Published 44 days ago

Having fallen towards 1p after being above 5p as recently as May, shares in Imaginatik (IMTK) are currently recovering to around 2p on the back of results for the company’s half year ended 30th September 2016…

Milestone Group - Show Me The Money & heads should be rolling

Published 44 days ago

I feel legged over and am angry but there are wider points: how financially screwed is Milestone Group (MSG) and why has no head rolled for the way it mislead investors?

Cloudtag forced to make statement and its all bollocks

Published 44 days ago

Staff at Cloudtag's (CTAG) hapless Nomad (Cairn Financial) must be going bonkers. My friend Liam Murray does not have much hair but he must be tearing out the little that he does have. A CEO who communicates not only via RNS statements that are totally untrue but also via private emails to members of a shareholder base from Bedlam who will at 2+2 to make 27 is a toxic mix. It is not how a regulated orderly market is meant to work. And so yesterday shares in Cloudtag zoomed ahead by as much as 35% peaking at 8.5p. So Cairn forced the CEO, Mr Amit Ben Haim, to make a statement. The shares closed at 7.875p. The statement is a total joke.

OneView Group – half-year results show reason for additional loan facility

Published 44 days ago

Having most recently warned on OneView Group (ONEV) last month HERE, the company has now announced an additional loan facility and results for its half year ended 30th September 2016 showing why…

Why on earth are people still buying Amur after a £66 million rise in market cap!

Published 44 days ago

When a small mining company sees its market cap increase by over £66 million in the space of a month without any corresponding news to support such a rise, you have to wonder at the sanity of private investors who are still piling into the share.

Why I'm Not Getting Busy with the Fizzy

Published 44 days ago

Hello Share Casters. Being rather proud of my stick-like figure, I’ve entered the habit of avoiding fizzy drinks. This was hard as I have a passion for dandelion and burdock and ginger beer. It’s the government’s attitude to sugary drinks that has put me off an old favourite share of mine, Britvic (BVIC). Normally I would commend this share to your attention.

Interquest another warning and another company chat

Published 45 days ago

A latest “Trading update” announcement from recruitment group InterQuest (ITQ) saw the shares fall to to circa 30p although with Jim Mellon upping his stake they are now 35p. We have had a long chat with the company’s Chairman Gary Ashworth.

Amryt Pharma - cracking deal but Im sorry that broker buy note does not make sense

Published 45 days ago

I am a loyal shareholder and think that shares in Amryt (AMYT) are cheap and a deal today really does look like very good news indeed. But the buy note from broker Stifel has me a bit confused. Let me explain.

Tom Winnifrith bearcast: Don't the fecking Cloudtag morons know I'm harvesting olives?

Published 45 days ago

I am utterly shattered after day three of the olive harvest - a photo article is HERE. Please note Cloudtag (CTAG) morons I can't respond to your inane tweets at once every day. Cloudtag shares have raced ahead today. I explain why and why it won't last. As with all frauds the target price is 0p. Talking of which I also discuss Advanced Oncotherapy (AVO) which seems unwilling to comment on today's bombshell revalations and African Potash (TOAST). I also look at Mirada (MIRA), Interquest (ITQ) and Aeorema Communications (AEO)

Aeorema Communications – 12:43pm “Trading Update”. Uh-oh…

Published 45 days ago

A 12:43pm “Trading Update” announcement from live events agency Aeorema Communications (AEO). Clearly not scheduled – and thus clearly unlikely to be positive…

Mirada – profit warning, how’s “not currently expected to require further equity fundraising” looking now?

Published 45 days ago

Previously writing on digital technology company Mirada (MIRA) I concluded that the track record saw me continue to avoid with the shares at 4.25p. I now update with the shares, on the back of a “Trading Update” announcement, currently 33% lower today, at 2.75p...

Craven House Capital – Well, you can’t say that you haven’t been warned!

Published 45 days ago

After nine months of scratching my head, I had a lightbulb moment this morning and have finally reached a conclusion as to what is really going on at the “investment company”, Craven House Capital (CRV). The short answer, for those that struggle to get through a thousand words, is that it is totally uninvestable for the private investor, but the most interesting part of it is that the company knows that and it is pretty open about telling its shareholders that that is the case. Whether they listen or not is another matter!

Metal Tiger - All change, all change

Published 45 days ago

No great surprise after the Metal Tiger (MTR) / BMR Group (BMR) takeover debacle but this morning, Metal Tiger announced wholesale changes to its Board as I felt it was inevitable. Worth taking a closer look and trying to understand what it means for the business from here.

Explosive email leak - Advanced Oncotherapy and Sinophi: the real timeline emerges

Published 45 days ago

AIM promote Advanced Oncotherapy (AVO) and Sinophi have already publicly disagreed as to whether the $120 million order by the Chinese has been "terminated" or not and and on when it was "terminated". Advanced announced the bad news on November 24 suggesting no termination, Sinophi used the T word and said it told Advanced in "early November". A source out East has ensured that I have now obtained access to confidential emails from Sinophi to Advanced which show that Advanced was aware of problems far earlier and at a time when it was soliciting funds from investors. It did not tell those investors. Heads must roll.

Chances of success look low for Prospex

Published 45 days ago

When it comes to companies in the natural resources sector on AIM it is always interesting to go back and look at their history, and some of them have a very chequered one to say the least under various former names!

Tom Winnifrith Bearcast: I've been silenced on Worthington by the lawyers said the Pea Brained moron - oh yeah?

Published 46 days ago

Rain stopped play at the Greek Hovel olive harvest as I report in a new photo article HERE. So is a computer work day. A BB Moron is boasting that I have gone quiet on Worthington (WRN) and won't call it a fraud, on legal advice. Let me put him straight in this podcast. I comment on Italy and then it is onto Red Rock Resources (RRR) and Sports Direct (SPD) and the issue of buying shares in companies with, er..controversial bosses. I discuss both in detail.

Sanderson: results and company chat - buy

Published 46 days ago

Recent share tip, Sanderson Group (SND) has announced results for its year ended 30th September 2016 and, chatting to management, they remain conscious of macroeconomic risk but doesn’t currently detect any loss of confidence in the company’s areas of focus and are confident of making further progress.

Horse Hill Developments Limited – a new mysterious buyer and seller of shares – Essendon Investments

Published 46 days ago

I previously published a previous article about the various transactions between Angus Energy and other parties in connection with Horse Hill Developments Limited (“HHDL”). Including two very private companies namely Danadav and Flowermay which sold HHDL shares to UK Oil & Gas (UKOG) and Evocutis. 

Notes from Underground: Popcorn time

Published 46 days ago

Well, it's time to sit back, put one's feet up, and watch how the Cloudtag events unfold. Will the company avoid the terrible fate of the death spiral? Or will it, as the bulletin board morons suggest, suddenly demonstrate a viable and desirable wearable product at the CES 2017 trade fair in, oh, five weeks.

New Bulletin Board Moron of the Week - sponsored by African Potash, lyin' Chris & Cloudtag moron Liam Nicholas

Published 47 days ago

The ouzo is on ice for the suspension of shares in the fraud African Potash (AFPO) on December 7th and I am still comtemplating buying a share and going to its GM in Guernsey on 20th December - it would be a hoot. Its dwindling band of followers are posting some delusional rot although the Cloudtag boards are a better source of madness. Anyhow post any BB comments or tweets (even comments from our own Wildes on Fastjet) in the comments section below. The deadline for entries is midnight on Saturday 3rd December.

UKLA & Worthington - this is surreal

Published 47 days ago

This is beyond satire. On Friday night, as it does every night, the UKLA published via RNS its list of companies subject to potential bids and guess what? Worthington is still there. Worthington as in the company where an administrator has now been appointed and a first gazette published? Yes that is the one. But it gets better.

Purecircle. Moving in the Right Direction - DOWN!

Published 47 days ago

I have never been a fan of Purecircle (PURE), particularly in 2012/13 when its shares rose six-fold from £1 to £6 on hugely overblown dreams of the potential of its plant based sweetener product to replace sugar and cure America of its obesity problem.

Obtala - shares more than 100% up on our share tip but Forestry news makes them look cheap!

Published 47 days ago

We tipped Obtala (OBT) at an 8p offer and the shares are now 19p bid which values the company at c$60 million - we use dollars for the sake of convenience. But news after hours yesterday makes the shares still cheap! we spoke to chairman Miles Pelham on Thursday night and this is exciting.

CloudTag – Lucky Competition Winner announced early!

Published 47 days ago

Call me reckless but with still four weeks to go I’m calling the result of the CloudTag sweepstake, although not before having to deal with another steward’s enquiry on Race 2! Read on to find out who is going to be the proud and lucky owner of a “money-can’t-buy” present.

Table of shorted AIM shares - week to 02/12/2016

Published 47 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

4 cracking shares to buy for just £5 - bargain!

Published 48 days ago

Five pounds for four cracking share tips - stocks to buy and make you money by the New Year. What could be better than that?

Advanced Oncotherapy - now about Tim Lebus

Published 48 days ago

Tim Lebus is a non executive director at Advanced Oncotherapy (AVO). Well sort of.

IndigoVision – trading update, shares good value?

Published 48 days ago

Previously writing on video security systems group IndigoVision (IND), I concluded that although a market cap of sub £11.5 million suggested there potentially good value, trading concerns saw it for now remain on the watchlist. The following updates on the back of a “Trading Update” announcement...

James Halstead – AGM statement notes FX benefits & ‘confidence in prospects’, so why are the shares down?…

Published 48 days ago

Writing on commercial flooring company James Halstead (JHD) in August I concluded that the circa 426p per share valuation deterred me. The shares have recently risen towards 500p but despite now updating that “the fall in the value of Sterling following the referendum vote of June has contributed to increased margins on our overseas sales, increased competitiveness and positive growth” and noting confidence “in the prospects of the company going forward”, the shares are currently approaching 6% lower today, back towards 450p...

CloudTag – Share Issuance headroom maths looks grim, statement needed

Published 48 days ago

Oh dear. Oh dearie me. With the share price of embattled AIM-listed CloudTag (CTAG) still coming down faster than a Waseem Shakoor post on the LSE CTAG BB, the bid price has dropped to just 5.25p last seen. If my maths is right, L1’s outstanding loan notes can’t all be converted until after the forthcoming EGM (assuming that shareholders approve the relevant resolutions). Even then, it looks as though Tranche 2 is in danger of not being convertible if the bid price falls much further. Perhaps the Nomad, Cairn Financial, might wish to have the matter clarified to the market.

Bear raider Waseem Shakoor warns again on Cloudtag - share price crash accelerating

Published 48 days ago

I sense that Waseem and I will not be getting that many Christmas cards this year from the morons who still hold shares in Cloudtag (CTAG) but we did warn you time and time again. Waseem has now issued another stark warning: If you think the share price meltdown is going to reverse, think again. It is about to accelerate! The great man writes:

Petropavlovsk - very good news on debt: buy

Published 48 days ago

An easing of debt risk for Petropavlovsk (POG) has moved a significant step closer – with it announced that the company has received approvals for the refinancing of its entire bank debt of $529.8 million from its lending banks, Sberbank and VTB.

Cloudtag and insider share dumper Mike Hirschfield - the Gable & Corvus links

Published 48 days ago

Yesterday Cloudtag (CTAG) finally fessed up that Corvus Capital, the vehicle of dodgy Andrew Regan had dumped all its shares months ago at the peak of the ramp onto unsuspecting Bulletin Board Morons. But there was another belated disclosure of share dumping by Michael Hirschfield, as Nigel noted HERE. Mike who you say? Oooh er missus.

Amryt Pharma at 14p worth 49p says Stifel

Published 48 days ago

Amryt Pharma (AMYT) has announced that it has secured a €20m debt facility from the European Investment Bank on, what broker Stifel says, are very attractive commercial terms. Stifel says that the facility will not only extend the company's funding until well into 2019, but also provide funding for development of acromegaly product AP102 and potential launch funding for Episalvan in partial thickness wounds. Stifel concludes that the shares are a buy at 14p with a price target of 49p. Yes indeed. Since we own the shares I thought we'd share the note with you.

Strat Aero - the Hulsey Smith share dump is on - Timber! 0p Target!

Published 48 days ago

Hulsey Smith was the chap whose Court filings demonstrated wholesale fraud at Strat Aero (AERO) - filings we published HERE despite Aero's legal attempts to hush them up. So when he settled his claims with a cash and shares payoff - weeks after Strat promised to fight him all the way - you kind of knew he'd dump sooner or later. Why hold shares in a company that commits fraud?

Digital Barriers – contract wins, able to focus on converting pipeline & generating follow-on sales... or not?

Published 48 days ago

Reviewing results for the six months ended 30th September 2016 from Digital Barriers (DGB), I noted a £7.4 million reduction in net cash to £3.4 million and that the company has established a £10 million revolving credit facility. It has now made a “Contract wins across APAC and EMEA” announcement. Hmmm…

Advanced Oncotherapy - Sinophi denial throws up more red flags: this stinks more and more

Published 49 days ago

In the face of relentless pressure from this website, embattled Advanced Oncotherapy (AVO) yesterday put out a statement attempting to draw a line in the sand over its falling out with Sinophi, whom it had claimed was set to buy $120 million of machines from it. It has failed. the statement begs even more questions and the shares remain utterly uninvestable.

DP Poland – sale and sub-franchising of Krakow stores, shares further higher…

Published 49 days ago

The company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) has announced the sale and sub-franchising of 4 stores in Krakow – and the shares have reacted further higher…

Cloudtag fesses up - dodgy Andrew Regan dumped all his shares ages ago

Published 49 days ago

I bloody well told you all that that Corvus Capital, the vehicle of uber-dodgy Andrew Regan had dumped all its shares in Cloudtag (CTAG) onto bulletin board morons ages ago. Natch the morons denied it all, insisting that the "visionary" Regan was still on board. Uh oh...Cloudtag has fessed up. Another small victory for the Sheriff of AIM.

Optibiotix a magnificent Trading Update: Buy

Published 49 days ago

We Optibiotix (OPTI) shareholders have been feeling a bit under the cosh of late as the shares weakened on a lack of news. It was just ennui among those of an impatient disposition but still it was annoying. This week's trading statement should reassure the doubters.

Mobile Streams placing at 50% discount - sign up with PrimaryBid now

Published 49 days ago

The Primary Bid bandwagon is gathering speed and anyone interested in AIM should register now HERE. Today's vindication of Dave Mutton and his team is from Mobile Streams (MOS) which is doing a placing and open offer at 4p - the shares w4ere 8p last night. In days gone by this would have been for bucket shops only but now you can take part too, thanks to Primary Bid.

Scholium Group – half-year results admit non-delivery of the expected return on increased capital…

Published 49 days ago

I previously warned on rare books and collectibles group Scholium (SCHO) on the back of an October trading statement – and the shares are currently further lower, at 34p, on the back of the results announcement for the company’s half-year ended 30th September 2016…

Nighthawk Operational Update - Zac The Knife puts management "on notice"

Published 50 days ago

The City's number one oil analyst, Zac "the Knife" Phillips of SP Angel has a few words to say about today's lamentable trading update from Nighthawk Energy (HAWK). In short he puts the management on notice that it is now drinking in the last chance saloon. That, I think, is his way of saying you should sell the shares. The Knife writes:

Aussie poltroons Slater & Gordon go after Watchstone (formerly Quindell) for £53m - a pox on them both

Published 50 days ago

The Aussie poltroons Slater & Gordon (SGH) who recklessly paid £649 million for the fraudulent businesses of Quindell has announced that it is making a claim on £53 million of that still held in an escrow account by Watchstone (WTG). Slater says that it has obtained an opinion from an independent barrister in respect of the warranties given and the escrow cash and that the brief says it has, on balance, a prospect of success. Oh dear. The only winners here will be the lawyers (other than S&G).

Lyin' Chris Cleverley & Lord Peter Hain forced to fess up by the Sheriff - it gets even worse for FRAUD African Potash

Published 50 days ago

Yesterday I pointed out that the FRAUD African Potash (AFPO) had applied to join the ISDX lobster pot as of December 8, the day its shares will be suspended on the AIM Casino if no Nomad is prepared to act for it, Cantor Fitzgerald having tired of signing off on its lies. I also pointed out that lyin' Chris Cleverley had failed to tell his shareholders. Today Potash fessed up..but it gets worse.

LGO Energy - cash bonus in Spain not enough, another placing inevitable & another sleight of hand by Ritson

Published 50 days ago

Loons, like our very own LGO Energy (LGO) owning fanatic Wildes, will have yesterday celebrated news that 11,200 barrels of Spanish oil which had accumulated over the summer had finally been sold. But shares in LGO still fell to just 0.11p. Here's why.

Metal Tiger and BMR deal – All a bit of damp squib but surely Borelli has to go

Published 50 days ago

Following the strange goings-on last Friday, which I covered HERE, with the disappointingly low offer for Metal Tiger (MTR) by BMR Group (BMR), it has all come to a quick end with a couple of announcements on Monday and Tuesday this week, but surely Borelli’s position at Metal Tiger is now untenable.

The continuing saga of Mosman's, oops sorry Nostra Terra's, Pine Mills oil field

Published 50 days ago

If it wasn’t for the fact that plenty of small private investors will probably have lost money that they can’t afford to at this time of year, the latest RNS from Mosman Oil and Gas (MSMN) would almost have been amusing, it was so farcical!

Petropavlovsk: Al Gore made it all up about global warming - buy

Published 50 days ago

As a climate change "denier" I have written elsewhere about how global temperatures are plunging not, as the BBC might lead you to believe, heading higher. You can see a recent article on that matter HERE. And thus Petropavlovsk (POG) serves up news from Russia which does not surprise me, but which might shock your average Guardian reader.

Sabien Technology – yet more delays. Cash crunch ahoy (again)?

Published 50 days ago

Previously writing on boiler technology company Sabien (SNT) last month, I noted a considerable improvement in sales performance needed otherwise its funds will continue being used just to keep the lights on. The following updates with the shares currently more than 6% lower, at 3.75p, on the back of an “AGM Statement”.

Why Marks and Sparks Fails to Spark My Investing Fire

Published 50 days ago

Hello Share Squeezers. You have to love traditional institutions. Marks and Sparks (MKS) is certainly one of those. But apart from a purchase early on in my investing career (not far beyond the Iron Age) I have avoided the shares. Reason: I bought them at £3 plus and for most of the years ever since the share price has monkeyed about at roughly the same level.

African Potash - the writing is on the wall for the last day of AIM on December 7 - ISDX application made

Published 51 days ago

African Potash (AFPO) saw its Nomad Cantor Fitzgerald quit on September 7 and it is still yet to find a replacement who will sign off on its bogus and untruthful press releases. If no-one steps up to the plate by December 7 its shares are suspended and a month later they will be booted off AIM. African says it is confident it will find a replacement Nomad but just in case... the shysters have been busy.

Digital Barriers – H1 results, claims a clear, strong organic growth engine. But is there?

Published 51 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…

CloudTag – My plan for great riches hits a new snag

Published 51 days ago

Oh dear, AIM-listed jam- (and product) tomorrow (or sometime, maybe) CloudTag (CTAG) closed last night notching up (or, perhaps down) a bid price of just 6.75p per share. This might be causing a few headaches over at L1 Towers as it seeks to convert its remaining £1.2 million of convertible notes from Tranche 1 of its death spiral funding package. My plan to become a death spiral financier on the Casino seems to have hit a nasty problem – that of headroom in already existing share issuance authorities of the investee company running out and leaving me lobster-potted in unconvertible notes. Of course, I can “persuade” the company to increase the authorities, but time is of the essence: I want to offload ASAP and bank my bunce.

Crawshaw – claims “good progress restoring sales momentum”. Hmmm…

Published 51 days ago

Last updating on fresh meat and food-to-go retailer, Crawshaw (CRAW) in September as the shares fell below 35p I particularly noted a first 7 weeks of the second half -15.8% like-for-like sales setback. With the company noting a further share price decline towards 20p, there is now a further “Trading update”

Hayward Tyler – “momentum is continuing to build”, but it needs to…

Published 51 days ago

Engineering group Hayward Tyler (HAYT) has recently been “pleased to announce a series of contract wins, totalling in excess of £4.5m which… confirm that momentum is continuing to build”. However, the shares remain down on the year at a current 83.5p…

M. P. Evans – “independent valuer’s valuation and dividend policy” announcement in takeover offer defence

Published 51 days ago

Seeking to further bolster its defence against a 740p per share offer from Malaysian company Kuala Lumpur Kepong Berhad, M. P. Evans (MPE) has made an “announcement of independent valuer’s valuation and dividend policy”...

No Spots on this Pizza Giant - And it Could Make A Tasty Investment

Published 51 days ago

Hello Share Pushers. There seems no decline in the popularity of pizzas. They are easy to buy and easy to eat. And Britons, together with probably the rest of the world, will take the easy way out if we can, while gastronomic considerations often take a back seat.

Cloudtag & Nomad Cairn: Another urgent request to AIM Regulation

Published 52 days ago

Over the weekend I urged AIM Regulation and the FCA to open a formal enquiry into market abuse and securities fraud by the AIM uber-fraud Cloudtag (CTAG). This morning I have sent an urgent missive to AIM Regulation and its hapless boss Marcus Stuttard asking why Cloudtag is not being forced to postpone its General Meeting allowing it to issue more shares.

Tom Winnifrith Bonus Bearcast: TrakM8 - disastrous interims, profits crash, cashburn horrific - 100% vindicated

Published 52 days ago

"Lorne Daniel at FinnCap, PR man Reg Hoare, Nomad Ed Frisby, Broker Joanna Scott, Edison Research, Proactive Investors we have beaten them all, we have beaten them all!. Paul Scott can you hear me? Paul Scott ... your boys took a hell of a beating! Your boys took a hell of a beating!" Yes The Sheriff of AIM is again 100% vindicated and it is ouzo o'clock already thanks to dog TrakM8 (TRAK)! But where next for the shares? All is discussed in full in this bonus podcast.

CloudTag – L1 Death Spiral financing update: Shareprophets Translation Service

Published 52 days ago

This morning, CloudTag (CTAG) has announced an update to its funding arrangements with death spiral funder, L1 Capital. Here at Shareprophets, we are conscious that these funding agreements can be rather convoluted and obtuse so are happy to provide a free of charge translation service.

Foxtons share price overreacts to letting fees news

Published 53 days ago

Estate agents took a big hit last week when Chancellor Philip Hammond’s Autumn Statement revealed a surprise, in the form of a ban on letting fees.

Norcros Interims - buy

Published 53 days ago

Supplier of showers, taps, bathroom accessories, tiles and adhesives with operations primarily in the UK and South Africa, Norcros (NXR) has announced results for its half year ended 30th September 2016 and that “with our strong brands, leading market positions and continued self-help initiatives focused on market share gain the group is well positioned to make further progress”.

Notes from Underground: The sound of me pulling out my hair

Published 53 days ago

Le Sigh. Another week where six out of ten leaderboard articles are Bearcasts, and the other four are fan-favourites Cloudtag, Worthington, and African Potash.

Provexis: the facts don't support the current valuation

Published 54 days ago

If you look at the AIM market it is full of companies that have been promising the earth for years, but have yet to actually achieve much of any real substance.

Letter to AIM Regulation & FCA re Advanced Oncotherapy - URGENT enquiry needed now

Published 54 days ago

Yesterday shares in Advanced Oncotherapy (AVO) plunged after it fessed up that a critical deal worth up to $120 million with a Chinese entity had encountered problems. Those who backed a big fundraise just weeks ago are already 26% down. But the incident begs massive questions about the timeline of disclosure and RNS statements that appear to be utterly untrue. I have written to the FCA & AIM Regulation, as this appears to be market abuse, outlining my very specific concerns and demanding an urgent enquiry and, if appropriate, that sanction be taken against those responsible. The letter is below:

K3 - very strong trading update, we are more than 100% ahead but still a buy

Published 54 days ago

K3 Business Technology (KBT) has updated that “trading in the first four months of the new financial year is ahead of last year” – this in advance of a key selling period of the forthcoming weeks to the end of December.

Zamano – attempted ‘no one watching o’clock’ “business update”. Uh-oh…

Published 54 days ago

Uh-oh. A Friday, 3:39pm “Business Update & Strategy/Board Changes” announcement. I’ll give you whatever odds you want on this being good news from mobile messaging, marketing and payments company Zamano (ZMNO)… It ain’t…

Table of shorted AIM shares - week to 25/11/2016

Published 54 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Why I've Sold All My Advanced Oncotherapy Shares.

Published 54 days ago

Hello Share Mongers. About two years ago I suggested you take a look at Advanced Oncotherapy (AVO). I was glad I did as I seem to recall that the shares rose from about 3p at the time to around 18p. 

Tom Winnifrith: Should I go to Guernsey on December 20 to try to vote down the African Potash GM?

Published 55 days ago

The FRAUD African Potash (AFPO) has today snuck out notice of a General Meeting in an RNS which does not actually tell you what the meeting is for. It merely states that "a General Meeting ('GM') will be held at 12.00 p.m. on 20 December 2016 at Richmond House, St Julian's Avenue, St Peter Port, Guernsey GY1 1GZ.". I am sorely tempted to buy one or two shares in this company to attend and try to block the motion in hand. But I need to ask folks a question first.

Cloudtag - more lies and deceit admitted to

Published 55 days ago

Following suggestions yesterday HERE that Cloudtag  (CTAG) was being rather tardy in turning a binding HOT into a solid contract with US Distributor Cities announced on August 8, two days before a placing, into a contract, hey presto wre have a contract announced today. But hang on Henry...

Gattaca – a buyer as shares have continued to fall, but worth following?

Published 55 days ago

Previously writing on engineering and technology recruitment group, Gattaca (GATC) I noted that the full-year numbers suggested compelling value, but questioned whether the shares actually were. Some buying has now been announced, with the shares having slipped further from the just below 300p of my previous update…

Fastjet: chairman walks in disgrace it is almost out of cash just four months after £15 million placing

Published 55 days ago

In late July of this year AIM listed basket case African airline FastJet raised £15.2 muillion at 50p. Wind forward to two days ago and the shares were just 18.5p but then started falling sharply to 16p last night and this morning came the disastrous admission. Naturally there is no insider dealing on the world's most successful growth market. The shares are now 14.5p and will sink lower as it has all gone horribly wrong.

Falcon Acquisitions – What’s really going on with this Teevee deal?

Published 55 days ago

I was going to wait until the prospectus came out for the Quiptel deal before commenting on the recent acquisition by Falcon Acquisitions (FAL); however, my spelling and grammar OCD got the better of me so I had to get a few things off my chest sooner rather than later.

Drafting an RNS for Cloudtag: I am such a fecking all round nice guy

Published 56 days ago

I am a nice guy so am always keen to help. It is, after all the season of goodwill and one should love they neighbour, play the Good Samaritan and all that. And thus with shares in the fraud Cloudtag (CTAG) collapsing to 8.25p to sell I have drafted an RNS for the company to issue tomorrow morning. "Statement re Share Price Movement."

Imaginatik – argues “confident”, but should it be?

Published 56 days ago

A trading update for the six months ended 30th September sees innovation software and consultancy company, Imaginatik (IMTK) “confident we have the foundations in place for future success”. Investors though don’t seem as confident – the shares currently remaining slumped at around 1.6p...

Hornby – turnaround progress any smoother than half year results issuance?

Published 56 days ago

Hobby products company, Hornby (HRN) announced results for the six months ended 30th September 2016 at 7am claiming “good progress with turnaround plan”. This didn’t though extend to the announcement itself - as the financial tables weren’t included! A replacement announcement was then made at 09:41 – does the company's turnaround progress look smoother? …

Cloudtag - another pre placing ramp exposed: this time its Cities

Published 56 days ago

How on earth can Nomad Cairn continue to act for the fraud Cloudtag (CTAG) as it today fesses up to another pre-placing hoodwinking of investors? After the Second Chance guaranteed sales of $5.2 million RNS ( 4 days before a placing) statement was exposed as a big fat lie, now we turn to the US distributor Cities.

Strat Aero - Credit card rate loan to keep the lights on at the fraud for just 12 weeks

Published 56 days ago

Shares in Strat Aero (AER) have jumped today in relief that the company is not going bust before Christmas. Instead it looks set to go bust around St Valentine's day. Today's statement from a company which has committed securities fraud is just ghastly.

Sub-Standard Shockers XI November update – Two body-blows this week: I’m starting to despair

Published 56 days ago

By anyone’s standards, and this team’s standards are pretty low, it’s been a shocking week with a winding-up petition being issued against the team leader and general inspiration, Worthington (WRN) and player manager, Senterra Energy (SEN) having to ‘fess up to a failed deal with its share price collapsing as a result. How did the rest of the team get on!?

Game Changer for AIM: Sound Energy - £24.1 million fund raise - you can take part via Primary Bid

Published 56 days ago

I will not be. As far as I can see the current market cap of £450 million is borderline insane and certainly not justified by the fundamentals. So I don't blame Sound Energy (SOU)  at all for raising cash at this level. If folks want to pay up, the company would be crackers not to let them. But some will disagree.

The Admirable Creightons Share Keeps On Moving - Up and Away

Published 56 days ago

Hello Share Finders. Probably the smallest firm I invest in currently is Creightons (CRL). This has not deterred me from recommending it to you from time to time. Luckily, each time I bring it up, we seem to be rewarded with further gains.

Andalas Energy shares sliding again - time to fess up on the bailout placing

Published 57 days ago

Having last raised money at 0.2p earlier this year shares in Andalas (ADL) are sliding again and are now just 0.1p- 0.105p. Oh dear. It really is time for CEO Dave "the Rule Breaker" Whitby to fess up and admit that the placing is underway and, it seems, not going well.

Ilika – it was discounted fundraising ahoy, what now?

Published 57 days ago

Materials innovation and solid-state battery technology-focused, Ilika (IKA) has announced that results for the six months ended 31st October 2016 “are expected to show total revenue for the period of £330k (H1 2015: £254k)”, but also “notifications of intent to award three new grants” and “a notification of intent to award a commercially-funded materials development programme” – and the shares are currently approaching 6% higher to 45p in response…

Brammer – following trading & financial woe, a recommended offer…

Published 57 days ago

Private equity firm Advent International and distributor of industrial maintenance, repair and overhaul products and services, Brammer (BRAM) “are pleased to announce that they have reached agreement on the terms of a recommended all cash offer… for each Brammer share held 165 pence”

AO World – half-year results argue “a great start to the year”, market response sceptical…

Published 57 days ago

UK and Europe online electrical retailer, AO World (AO.) has announced results for the six months ended 30th September 2016 emphasising “a great start to the year, with group revenue and profits growing well as we continue to deliver on our long-term strategy”. The shares are though little changed at 168.5p…

Westminster Group – having emphasised ‘elimination’ of Darwin Capital convertible loan notes in September, guess what…

Published 57 days ago

Having included as a ‘Key Point’ in its September-announced half year results statement “Darwin Convertible Loan Note debt reduced during period and eliminated shortly afterwards”, Westminster Group (WSG) is now “pleased to announce” £1.2 million of convertible loan notes… with Darwin! The following updates with the shares currently falling back well below 20p in response...

Talk Talk Share May Not Rise Rise

Published 57 days ago

Hello Share Twirlers. The broadband and phone company TalkTalk (TALK) is not a share I would buy at the moment. And that’s a pity because I think someone needs to break the dominance BT (BT.A) seems to have on the market. Strong competition has always kept fees for broadband from being extortionate, and we can’t afford a shrinking market.

CloudTag – just how secure is that death spiral funding package?

Published 58 days ago

We wait patiently for AIM-listed Cloudtag (CTAG) to get its fitness device off the production line - if either actually exists. Then it can meet the $5.2 million guaranteed order during 2016 from Second Chance which has morphed into what looks more like an £880,000 expression of interest which might lead to sales some time this year or next, if ever. Until then we can rely upon the death spiral funding package announced on 7 November to keep the company from taking a one-way trip to the corporate knackers’ yard. Or can we?

Lavendon – shares soar on takeover offer, but…

Published 58 days ago

Belgium-headquartered parts and equipment group TVH has announced a 205p per share offer for Lavendon (LVD), sending Lavendon’s shares up circa 40% towards 200p. But…

Sula - take up open offer

Published 58 days ago

Sula Iron & Gold (SULA) had an active last week. Cracking news on the ground (the pump) followed by...you guessed it: the dump. A placing. But. hang on...

The Dark Destroyer, Matt Earl warns Mitie shares to crash below 100p

Published 58 days ago

Following yesterday's grim results from Mitie (MTO), the bear raider Matt Earl says that he went short at 210p last week and added to that short at 189p expecting the shares to halve or worse from here.

Reader Poll: Which Nomad is so bent & desperate for cash that it will act for FRAUD African Potash?

Published 58 days ago

African Potash (AFPO) needs to find a new Nomad by December 7th or its shares will be suspended. Cantor Fitzgerald is tired of putting its name to outright lies published to facilitate Securities Fraud and has quit. Potash says its talking to a replacement but which Nomad would act for this proven fraud? You decide in the poll below. Voting deadline midnight tonight ( 22nd November).

Cloudtag - another Red Flag as death spiral panic sets in but is God now onside?

Published 59 days ago

With Cloudtag (CTAG) now reliant on death spiral funding it is engaged in a desperate battle to create retail demand for its shares in order to soak up the wall of death spiral selling. The announcement of clear non events is a sign of that panic. And so meet Mr He.

Alternative Networks – recommended offer, it argues “significant value accretion”. Really?

Published 59 days ago

Alternative Networks (AN.) has announced a 335p recommended offer, with its Chairman, James Murray, claiming “through its impressive track record of growth, Alternative Networks has also delivered significant value accretion for the Alternative Networks shareholders”. Hmmm…

Senterra Energy – another performance befitting of the player-manager of the Sub-Standard Shockers XI

Published 59 days ago

Having listed just over a year ago at 5p per share citing “market conditions present compelling opportunities to acquire a cash generative oil & gas company with strong upside potential”, Senterra Energy (SEN) was in May “pleased to inform shareholders” of a prospective deal with… “a sim-card technology business based in Singapore” (Oasis Smart Sim PTE Ltd)! Now we have a “Termination of Acquisition, Restoration of Listing” announcement…

Time to consider banking a profit on Canadian Overseas Petroleum

Published 59 days ago

Shares in Canadian Overseas Petroleum (COPL) have performed brilliantly since I tipped them as a buy, but I would now be looking to bank at least some of that profit in the near future.

FRAUD African Potash - now the Nomad Quits: no reason given

Published 59 days ago

Oh dear, oh dear, the problem with frauds is that eventually they run out of other people's money. And when they can't pay the bills, even morally bankrupt crony capitalist AIM advisers, decide that enough is enough and quit. And thus Cantor Fitzgerald has today said it is resigning as Nomad to the fraud African Potash (AFPO) - which is still not suing me for libel despite promising to do so on September 1st if I did not cease calling it a fraud and pay it £2,000. GOTCHA Potash: you are still a fucking FRAUD now where's that libel letter you bastards? I want to see you fraudster bitchez in Court so badly. So what's going on here. One broker summed it up brilliantly today:

PowerHouse Energy still looks in serious danger of going bust

Published 60 days ago

It amazes me how some of these small AIM companies continue to operate for years even after they look dead and buried, and that certainly seems to be the case with PowerHouse Energy (PHE).

Thalassa update – Watch out, Acquisitor is back

Published 60 days ago

I first wrote about Duncan Soukup’s antics at Thalassa Holdings (THAL) two months ago HERE and it’s worth an update with the aggression level’s stepping up at its corporate battle with London Shopping REIT (LSR) and also worth covering what I imagine would have been a pretty strange exit interview.

Milestone Group – Is/was this the best example of a lifestyle company on AIM?

Published 60 days ago

I appreciate that there are many contenders for the title in the heading of this piece but I do think Milestone Group (MSG) can make a real claim to be up there as one of the best examples of the AIM lifestyle company and, as a result, the recent funding issue highlighted HERE shouldn’t really be that much of a surprise. Please allow me to explain.

Notes from Underground: Get out the popcorn out

Published 60 days ago

Admittedly I have been slow to get tickets to the circus sideshow that is Cloudtag (CTAG), yet another company in the little device that monitors your health consumer space. Team ShareProphets has been writing about this company for months now, commenting on its lack of product in stores and its RNSs promising sales in 2016 that have been damp squibs.

Tom Winnifrith Bearcast: Grounds for divorcing the Mrs, 7 stages of grief (part2) & the stocks on AIM to short

Published 61 days ago

I start with behaviour by the Mrs which is surely grounds for divorce or at least enough to see her lead off in chains by the RSPCA. Then it is back to the seven stages of grief and how it relates to shares. Then I look at the most shorted stocks on AIM as per Steve's article earlier - but also those that should be most shorted but why they are not, i.e. Cloudtag (CTAG), African Potash (AFPO) and the slam dunk zero IGAS.

Avesco & InterQuest - share tip of the year updates

Published 61 days ago

As Tom Winnifrith described the 3:59pm Thursday “Offer for Avesco Group plc” (AVS) announcement; “FECK ME”…

Cloudtag Moron of the Day - Ben Alcock

Published 61 days ago

So Cloudtag (CTAG) has been shown to have lied on a serial basis to investors, its founders have made millions of quid dumping shares without telling us, it still has no revenues and may not have a product. What could possibly go wrong? Nothing for the increasingly deranged believers. Meet Ben Alcock, today's Cloudtag moron of the day.

Table of shorted AIM shares - week to 18/11/2016

Published 61 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Shares Most Likely to Twinkle in the Santa Rally

Published 61 days ago

Hello Share Seekers.  In the uncertainties of the big share world, nothing is more sure than the usual fact that stocks rise in the run up to Christmas and even if this is a more spooky world than normal with Trump, Brexit, a new Cold War and the rest, I bet a pound to a penny that the big city will see a Santa Rally, according to tradition.

Eagle Eye Solutions – seeks to emphasise ‘accelerated growth’, but looks to be cash crunch ahoy!

Published 62 days ago

An AGM update from Eagle Eye Solutions (EYE) commences “the year ended 30 June 2016 saw continued progress against the group's strategic and operational objectives. The significant contracts won and the developments to our software platform mean that we entered FY17 with strong momentum”. Sounds promising, but…

Mosman Oil & Gas - more Ramptastic news but a covert admission - it has got to be placing ahoy

Published 62 days ago

Today's RNS from Mosman Oil & Gas (MSMN) is not new ramptastic news but just a recycling of yesterday's ones with the factual errors corrected. What is it with this company and its inability to tell the truth to investors? Anyhow.. the RNS is pretty clear, it is placing ahoy.

Andalas Energy - placing discussions now underway: source

Published 62 days ago

I have pointed out a number of times in recent weeks that not only is Andalas Energy (ADL) really very close to the wire in terms of running out of cash but that it is also on a ramptastic promotional exercise which all adds up to placing ahoy! But now I have confirmation.

Worthington - Bad News from Greenland

Published 62 days ago

Is the long running farce Old Mother Worthington (WRN) finally coming to the end of the road? I am surprised that the company has not put out an RNS to keep its loyal investors informed but there is bad news in Greenland.

Journey Group – takeover offer update as application made to cancel AIM listing

Published 63 days ago

After at first not succeeding, but offering the same amount again – with a re-recommended 240p per share offer for Journey Group (JNY), the offering company of Harwood Capital has now announced it holds or has received acceptances in respect of more than 75% of the share capital and is to take the steps to cancel Journey’s stock market listing…

Horizonte has great potential as a junior nickel miner

Published 63 days ago

As many experts continue to get it wrong on a regular basis, it is very hard to predict where commodity prices could go in the next few years, but I can see upside for nickel miners.

Creston – recommended offer, “an attractive premium”. Really?

Published 63 days ago

Marketing group Creston (CRE) has announced results for its half year ended 30th September 2016, but also that it is recommending a 125p per share offer from a company of 28% shareholder DBAY Advisors…

Tungsten Corp – regulatory approval for sale of bank, so deal completed… or not…

Published 64 days ago

Having stated as recently as September “the sale of Tungsten Bank is advancing as expected and we continue to expect the sale to complete by 31 October 2016”, there is now a further update on a sale still not completed…

Tethys Petroleum: its lights out by Christmas, Zac "the Knife" reads the riot act

Published 64 days ago

Results from litigation embroiled neo-bankrupt Tethys Petroleum (TPL) are out today and the red ink is everywhere. These are numbers for the three months to September 30th and could well be the last ever published. Some folks are still buying the shares, at 1.25-1.5p today. They are mugs and should read the stark warning issued today by the City's top oil analyst, Zac "the Knife" Phillips at SP Angel. Zac opines:

Gulf Keystone - kicking small shareholders in the bollocks

Published 64 days ago

Say what you like about the army of lunatic small shareholders that have stuck with Gulf Keystone (GKP) through thick and think but they are loyal. Rather like a wife who keep getting beaten up by her drunken husband they just stayed on for more. It was almost touching. And now with the debt for equity complete Gulf is to kick those folks in the bollocks with a share consolidation.

LightwaveRF – recent puff news helping share price rise = take a guess…

Published 64 days ago

I warned on shares in LightwaveRF (LWRF) last month following it being “pleased to announce” an uber-expensive loan (& trading warning). There have since been recent announcements of “Additional order from Megaman” and “Launch of Amazon Echo Alexa voice control” and the shares rising from little more than 13p to 21p. Thus, on cue, it’s discounted fundraising time…

M. P. Evans - Kuala Lumpur Kepong Berhad returns with a “final cash offer”...

Published 65 days ago

With the M. P. Evans (MPE) board and shareholders of a majority of its share capital having rejected a 640p per share takeover offer, Malaysian company Kuala Lumpur Kepong Berhad has now returned with a 740p per share “final cash offer”

Card Factory – emphasises “sales growth”, but it's slowed & where are like-for-likes?

Published 65 days ago

I wrote on Card Factory (CARD) in August with the shares then at around 300p – concluding I could understand the share price decline and to avoid. The following updates with the shares currently at 260p on the back of a third quarter trading update…

Asiamet update - broker VSA says shares a buy at 2.8p worth 6.2p

Published 65 days ago

There is an update from Asiamet Resources (ARS) today on its operations out East. Broker VSA acts as house so it is not impartial but since I know this is a well followed stock here is its commentary anyway.

Corporate disaster odd one out contest sponsored by Cloudtag

Published 65 days ago

This odd one out contest really should be simple. You will find below the logos of four companies. One is already bust, one is teetering and is a major scandal and has been booted off AIM, one has seen its shares collapse by 90% in three years and the other is Cloudtag. But which is the odd one out and why? Post your answers in the comments section below by midnight on Tuesday

Dewhurst – performance from “materially below” to “positive… compared with current market expectations”

Published 66 days ago

Previously writing on Dewhurst (DWHT) on a February AGM update, I noted further negative macro read-across. The company has now updated including “whilst seasonal effects mean the company's second half is traditionally stronger than the first half, the effect in FY16 has been greater than usual”

The People's Operator - if this is not insider dealing on AIM what is?

Published 66 days ago

By shortly after 10 AM today shares in The People's Operator (TPOP) had crashed by 30% from 16.5p mid to just 11.5p. By midday there had been a marginal recovery as some morons went bottom fishing. But there had been fewer than 50,000 shares traded. At 12.33 PM the company published a catastrophic RNS. If this is not insider dealing what is?

Cloudtag - has dodgy Andrew Regan's Corvus Capital dumped its shares?

Published 66 days ago

Andrew Regan, the man who shot to fame as he was caught at a Motorway Service Station trying to buy stolen documents relating to a bid for the Co-Op, was also the man who brought Cloudtag (CTAG) to market with his Corvus Capital vehicle owning 28.8 million shares (just under 20% of the equity) on admission. But...

Strat Aero - shares sliding - it is placing ahoy

Published 66 days ago

By my maths Strat Aero (AERO) now has cash of er...about...roughly...sweet FA. It is completely out of cash and continues to burn cash and indeed when publishing results that were drowning in red ink on September 30th the management were reported as admitting that it needed to place before Christmas. I should cocoa. You don't need the brains of Cheryl Cole to work that one out.

21st Century Technology – “New Contract” follows “Contract renewal”, but caveat emptor…

Published 66 days ago

21st Century Technology (C21) “is pleased to announce that it has been selected by OFJ Connections Gatwick Airport to provide integrated real-time passenger information and connected bus systems”. The shares have currently responded more than 14% higher to 3p – though this comparing to 5p early this year…

Paranoid Cloudtag Moron on twitter reports Tom Winnifrith to the FCA - jeepers I am quaking

Published 67 days ago

I really do think that this particular Cloudtag (CTAG) owning moron needs to take hisd medication. I have spent a relaxing weekend making Christmas puddings. He has spent a weekend franticly accusing someone else who tweets about Cloudtag in a bearish way of being me. It gets better...

Video: Peter Schiff on carnage in the bond markets post Trump

Published 67 days ago

Folks have focussed on how shares have zoomed since Donald Trump won but what about the bond market which saw its worst week for five years? What does that mean and will it continue? Yes it will. That is the warning of libertarian hero and perma bear Peter Schiff in his latest podcast. 

Sula - renews exploration license: our tip 30% up in 2 weeks but more to come

Published 67 days ago

Sula Iron & Gold  (SULA), has announced the renewal of the mineral Exploration Licence held by Sula's 100% owned Sierra Leone subsidiary, Blue Horizon Limited, covering all of the Company's historic, existing and planned exploration activities and sites, which are all in Sierra Leone. 

Take advantage of the crash in precious metals prices

Published 67 days ago

It was a real rollercoaster ride for precious metals and shares last week, following the results of the US elections and a surprise win for Donald Trump, but this could present some great buying opportunities.

Notes from Underground: It can't happen here. Or there. Oh, I give up.

Published 67 days ago

Last Tuesday's US election results was my worst nightmare. Not that a demagogue has won the White House. Not that said demagogue has surrounded himself with an array of nutcases and god botherers. It's not even that electoral success depends on lies and false promises and facts mean nothing.

Challenger Acquisitions – Is this wheel still moving?

Published 68 days ago

Having listened to Tom’s Bearcast on the topic yesterday, I thought I’d add my tuppence-worth on Challenger Acquisitions (CHAL), which like one of the Giant Observation Wheels that it designs, appears to be moving so slowly that one wonders whether it is actually moving at all.

SyQic – Deal falls over and only seven weeks left on the casino

Published 68 days ago

Shareholders must be SyQ as a parrot and wish they’d never got involved in this can of worms as a flurry of RNS’s this week move the sorry saga at SyQic (SYQ) towards a close. It’s not looking good for those locked in to this suspended share.

Table of shorted AIM shares - week to 11/11/2016

Published 68 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Volex – emphasises profit & cash generation, but really?...

Published 68 days ago

Power cords and cable assemblies company, Volex (VLX) is “pleased to report that underlying profitability has been maintained at prior year levels reflecting the actions that we have taken to address the continuing decline in revenues from several of our larger customers”. Hmmm…

Why Shares May Lead the Way in a Topsy Turvy World

Published 68 days ago

So far, the election of Big Donald has done the opposite of what many of us feared and the Dow has soared to new heights. If Trump does what he promised, or is it threatened, in his pre-vote speeches we can probably expect the Dow - and consequently the Footsie - to fall away again. Possibly heavily.

Castings – half-year results show profit hit, to get hit further?

Published 69 days ago

On the back of an August AGM Statement from Castings (CGS) with the shares at circa 428p, I noted there looking an increased risk of short-term share price pain. The following updates on the back of the company’s Half-year Report, with the shares currently sub 400p…

EXCLUSIVE: Inspirit Energy - cash run out? Supplier has to go to Court to get paid

Published 69 days ago

Oh dear. Oh dear. It looks as if the cash position at John Gunn's boiler room Inspirit Energy (INSP) is getting so very tight indeed. With the shares slipping to just 0.24p to sell and there being no sign of jam tomorrow being turned into anything resembling an order, we have just been passed judgement in a court case which closed this week.

Mkango shares hit new low of 2.75p - remember to book in for 17th November bunfight

Published 69 days ago

Shares in AIM uber dog Mkango Resources (MKA) have today hit a new all time low of 2.75p as the ramp has failed and as investors start to appreciate just how close this company is to, once again, running out of cash.

Rosslyn Data - Statement Needed as shares keep sliding

Published 69 days ago

osslyn Data Technology (RDT) shares continue to slide and now trade at only 9.75p - valuing this company at just £7.4 million. It listed two and a half years ago after Cenkos signed off on a misleading prospectus at 33p and it has been downhill ever since. The company insists it will not run out of cash before it his breakeven. We shall see.

SIG – profit warning & ‘mutually agreed’ that CEO walks the plank…

Published 69 days ago

On the back of “Trading Update” and “Directorate Change” announcements, shares in building products distributor, SIG plc (SHI) are currently more than 20% lower, heading towards 90p. Uh-oh…

OneView – following swift about-turn profit warning, now attempted bailout fundraising ahoy!

Published 69 days ago

I warned shares in OneView (ONEV) were for the bargepole list as they slumped last month after the company went from “remains confident” to “likely to be below market expectations” in 6 weeks. They had subsequently recovered somewhat, but that before a Thursday 10:32am “Trading Update and Notice of Results” announcement…

Mobile Streams – reckons “pleased to announce” full-year results, shares down 30%...

Published 70 days ago

“Mobile Streams (MOS), the emerging markets focused mobile media company, is pleased to announce its final results for the year ended 30 June 2016 which are in line with management's revised expectations”. Ok. Er, what? The shares currently 30% down, at 9.625p, in response...

Devro – Trading Update includes 2016 expectations “unchanged”, so why 20%+ share price decline?

Published 70 days ago

Devro (DVO) has made a “Trading Update” announcement, including “the board's full year expectations for underlying operating profit remain unchanged”. However, the shares are currently more than 20% lower, at sub 180p…

Waseem Shakoor warns on Cloudtag as death spiral financing confirmed

Published 70 days ago

Cloudtag (CTAG) has today confirmed that net proceeds of £1.44 million on its recent financing have been confirmed as arriving and as such has revealed the financier to whom loan notes are being issued: L1 Capital Global Opportunities Master Fund. Bear raider Waseem Shakoor now points out why this is such terrible news. Waseem writes:

Mosman will crash back to earth after a ridiculous share price rise!

Published 70 days ago

Even with all of the other craziness in the markets, the ridiculous share price rise in Mosman Oil and Gas (MSMN) still managed to stand out!

Tom Winnifrith Bearcast: Mosman is avin a giraffe, Drain the swamp!

Published 71 days ago

I have a few more words on the Triumph of The Donald and the demise of Crooked Hillary. Ha! But my main thoughts on that are HERE. Then I look at Avanti Communications (AVN), Andalas (ADL), Green Dragon (GDG) and Greka Drilling (GDL) before having a detailed look at Mosman (MSMN) shares in which are up by 260% today which is bonkers.

Sula at 0.24p worth 3.1p?

Published 71 days ago

The note below from broker VSA was published a few weeks ago with the shares then at 0.15p. Today they are trading at 0.24p in the middle so the speculative buy stance can already be said to be somewhat vindicated. But the target price is 3.1p. No typo that really is 3.1p. The reasonably detailed note explains why.

Grafenia – director share purchase, a positive signal… Or not?…

Published 71 days ago

Having concluded bearishly on half-year results from Grafenia (GRA), I note a “Directors' Dealings” announcement from the company today…

Concepta signs lease on new factory in Doncaster - hang on, hang on tight

Published 71 days ago

Fresh from opening manufacturing facilities in China in late September, Concepta (CPTA) has announced that it has taken on a 10 year lease on a site in Doncaster in the grim North of England to manufacture in the UK. It will be cheap up there.

Vast Resources – Well done Roy, you worked it out in the end (again!)

Published 71 days ago

Déjà vu this morning with the announcement from Roy Pitchford at Vast Resources (VAST) earlier today as he announced that it was ditching the Bracknor facility, presumably as he realised that it wasn’t doing wonders for the share price. Well, at least you realised before causing any further damage.

Sepura – Hytera confirms takeover talks, though emphasises “preliminary stage” & “significant uncertainties”…

Published 71 days ago

Shenzhen Stock Exchange-listed Hytera Communications has updated on its “Possible offer for Sepura plc” (SEPU) – and the following updates with shares in Sepura currently sliding back below 20p…

Tom Winnifrith Bonus Bearcast: Donald Trump wins - AS I PREDICTED - shares slump what next?

Published 71 days ago

I stayed up all night and as a result am knackered. I am happy because I wanted Trump to win as I explained HERE. I am even happier because I have time and time again, even on Monday HERE, shown you why the polls were wrong. And thus as predicted here in early September, the eight reasons why Trump was going to win proved valid. I look at the polling industry and the disgraceful behaviour of the media including BBC star Emily Maitlis and Matt Frei and Kylie Morris, both of Channel 4, in this campaign. I was right and almost the entire mainstream press here in the UK was just plain wrong.  Shares have tumbled this morning, I explain what is next for America and for equities there and in the UK and finally, if the establishment ignores this warning as well as Brexit, I predict that Europe will see upset next and explain why so many of us in the 99% remain very angry deplorables.

Ten Alps – results “extremely disappointing”, but reckons to now be profitable. Sound familiar though?

Published 71 days ago

Shares in Ten Alps (TAL) have continued to fall on the back of results for its year ended 30th June 2016, which noted “a disappointing and painful period for the group”, but also that “hard decisions have been made and remedial actions taken to structure the business for success”. Hmmm...

Grafenia – half-year results, another profit warning ahoy!

Published 72 days ago

Having last month concluded on Grafenia (GRA) that I wouldn’t want to bet on expectations being achieved and currently continue to avoid, I note the half-year results announcement sees the shares currently more than 14% lower at 7.5p…

Justin The Clown Caption Contest Result - Drunken Sailor your entry is obscene

Published 72 days ago

With Andalas Energy (ADL) shares down again today as it heads for a massively discounted placing or insolvency, Justin the Clown's chances of moving out of the cardboard box look remote. But maybe he has also invested in Cloudtag which he has promoted enthusiastically. Cripes he may soon be evicted from the cardboard box at this rate. We asked you for captions to the scene of domestic bliss below for the Vox Markets podcaster HERE and I should warn you that Drunken Sailor's entry was er...extremely distasteful and hard to swallow.. The winner is....

Getech – results claim “continued prospects for profitable trading”, shares again tumble…

Published 72 days ago

Specialist exploration data and petroleum systems studies and evaluations provider, Getech (GTC) has announced results for its year ended 31st July 2016, including axing the dividend as oil prices remained “low and volatile”. The following reviews, with the shares currently more than 11.5% lower on the day, at 26.5p…

Cloudtag...Moreover: this just does not stack up at all

Published 72 days ago

Cynical Bear has already put Cloudtag (CTAG) to the sword after yesterday's no-one is watching O'Clock profits warning but I think he is going soft in his old age in that he is far too generous about this worthless fraud. There is a massive question which remains unanswered as the shares head to an eventual zero.

CloudTag – All bets are off, the disastrous (lack of) sales warning has landed already!

Published 72 days ago

What a spoil sport! Just 24 hours after posting my competition on the forthcoming CloudTag (CTAG) RNS’s, it releases an after-hours RNS last night bringing the entries to an end. Surprise, surprise, it has finally come clean on the limited sales that will be achieved this year and threw in a bit of death spiral financing for good measure. Tom W says I am being too nice to this company but anyway, let’s take a look.

Caption Contest - Golden Saint's Cyril d'Silva who's a fat cat then Edition

Published 72 days ago

Cyril d'Silva who floated Golden Saint Resources (GSR) at 10p a share three years ago has just updated his facebook profile with a new picture. With the shares at 0.05p Investors have lost 99.5% of their money but Cyril does not seem to be starving. The word on the street is that Golden is trying to get another bailout placing away urgently as it is again out of cash. Meanwhile as you look at the smug fat fellow below do you have a suitable caption for the photo. Entries in the comments section below before midnight Tuesday please.

Compass Could Show the Way, Should Four Year's Hard Work Goes Down the Drain

Published 72 days ago

Hello Share Slurpers. After four years’ dedicated slog, I have finished my blockbuster crime/horror novel. So I've been sending it, one at a time, to literary agents. This is a scary moment, as it could mean four years down the pan. However, I have not made a great deal of money out of my shares over the last four years, either.

eServGlobal – misses FY 2016 targets… but claims “justified optimism” for FY17!

Published 73 days ago

A trading update for its year ended 31st October 2016 from mobile financial technology company eServGlobal (ESG), sees its Executive Chairman, John Conoley, "proud of the achievements of the company in its core business in FY16 after its poor start… we have embarked on FY17 with justified optimism in the core business”. The shares have responded currently slightly lower to 6p…

Redcentric – “Accounting misstatements” announcement. Uh Oh…

Published 73 days ago

“Redcentric plc (RCN), a leading UK IT managed services provider, announces that an internal review by the company's audit committee in relation to the interim results for the six months ended 30 September 2016 has discovered misstated accounting balances in the group's balance sheet”. Uh-oh…

GOTCHA Andy Carroll: Mosman admits to misleading investors after weekend expose

Published 73 days ago

That was an easy pull down of the shysters at Mosman Oil & Gas (MSMN) lead by Andy Carroll. Is it too early for a celebratory ouzo? Perhaps hapless Nomad SP Angel should send a case of ouzo to the Sheriff of AIM to thank me for doing its job for it? At the weekend I exposed how Mosman has mislead investors for more than a year HERE. This morning it fessed up:

Slater & Gordon shares are worthless - look at the debt (AFR Scoop)

Published 73 days ago

The price for buying the fraud that was Quindell (QPP) will be the death of Slater & Gordon (SGH). When its shares do eventually hit zero, or near as damn it, investors should remember that it was not just Aussie poltroons such as Andrew Grech to blame but also the fraudster in chief Rob Terry. And the shares will hit nil. If you are in any doubt look at the debt.

Aggreko Could Generate a More Electrifying Share Price

Published 73 days ago

Hello Share Crunchers. I’ve made an awful lot of gelt out of a firm which is mainly known for hiring out electricity generators. But it is a few years since I decided that the share price of Aggreko (AGK) had motored beyond its prospects, and I dumped the lot.

KEFI Minerals has been hit by short-termism but remains a buy

Published 74 days ago

Short-termism seems to be even more prevalent amongst AIM investors these days than I can ever remember previously, and this is having an impact on the share price of any company that has any sort of delay to its business.

Notes from Underground: All change

Published 74 days ago

"The judges know nothing about any will of the people except in so far as that will is expressed by an Act of Parliament". So said alleged-remainer and well-known British-way-of-life-hater AV Dicey in 1897.

Sirius Minerals offers a fantastic long term buy at this price

Published 74 days ago

Sirius Minerals (SXX) is a company that I’ve watched closely since 2010, and it has now reached a stage where a large proportion of the risk associated with its fertiliser project has been offset.

CloudTag – Roll up, roll up, place your bets for a chance to win an incredible prize that money can’t buy

Published 74 days ago

With limited recent news to ponder on CloudTag (CTAG), ignoring the constant stream of unregulated interviews for one moment, I thought I’d offer a chance to readers (and CloudTag shareholders) to have a punt and give themselves a chance to win an incredible Christmas present.

Sunday Times on Proton Beam Therapy - the numbers for Advanced Oncotherapy do not add up

Published 74 days ago

The Sunday Times today has splashed on the roll out of proton beam therapy centres in the UK. It states there are plans to build SIX centres in the UK...but....

How does a Cloudtag Moron keep himself occupied?

Published 74 days ago

As we wait for the lies and fraud to be exposed at Cloudtag (CTAG) as it fails to deliver guaranteed sales or even targeted sales in 2016 those morons who have fallen in love with this stock need to keep themselves occupied. Clearly the fact that the shares have retreated from 25p to 14.25p and are not at £25 or wherever the fantasists think they should be is nothing to doi with gravity or the fact that Cloudtag is a worthless fraud with no product but all to do with wicked bears like myself and Waseem Shakoor. 

Sepura – Potential takeover: will it be fireworks or a damp squib?

Published 75 days ago

By any standards, Sepura (SEPU) has had a tough year, losing about 90% of its value since March, but could things finally be taking a turn for the better with some late night takeover talk and how will things play out from here?

Mosman Oil & Gas: Misleading investors?

Published 75 days ago

I am now aware that the FCA has been asked to investigate whether Mosman Oil & Gas (MSMN) has been misleading investors in its RNS releases with regards to the Murchison permit operations. The matter does seem pretty black and white to me.

Table of shorted AIM shares - week to 04/11/2016

Published 75 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Slater & Gordon rewarding failure, balance sheet still crocked

Published 75 days ago

You don't need the brains of Jason Donovan (irony BTW) to see that the purchase of the fraudulent legal assets of Quindell (QPP) by Slater & Gordon (SGH) was a dire error. Surely heads must roll at the Aussie poltroons? Er..no. In fact, with the shares now at A$0.34, down from A$8 at the time of the deal, failure must be rewarded. Speaking at Slater's AGM, chairman John Skippen stated:

Never Mind that Election and Brexit. Luxury May Be Better than Defence.

Published 75 days ago

Hello Square Shufflers. We live in shaky times, all right. What will happen if Donald Trump becomes president? The big American traders are holding back on deals until they know more. So, as always when fewer shares change hands, nearly all stocks suffer. This translates into UK shares, which are already unstable because nobody, especially the government, seems to know how Brexit will play out.

Best of the Best – ‘ahead of expectations’ trading update, but a buy?

Published 76 days ago

Shares in provider of competitions to win luxury cars online and at retail locations, Best of the Best (BOTB) currently trade more than 8% higher, at 230p, on the back of a “Trading Update” announcement including “trading for the six months ended 31 October 2016 has been strong with profits before tax generated ahead of management expectations”

Tom Winnifrith Bearcast: A tale of 3 AIM shares, The Good, the Bad & the Ugly

Published 76 days ago

Today I look at just three shares in some detail. There is MBL Group (MUBL) which is, I think, too good for AIM, Cluff Natural Resources (CLNR) where I think some folks have been very bad, and Eden Research (EDEN) which is an ugly little fraud heading for 0p.

Windar Photonics – does “orders from large scale US IPP” announcement merit the 20%+ share price rise?

Published 76 days ago

Shares in wind turbine technology company, Windar Photonics (WPHO) currently trade more than 20% higher, above 100p, on the back of an announcement of “a repeat order for its WindEYE LiDAR wind sensors from a large North American wind farm owner and operator for immediate delivery”

Andalas: the 4th Ramptastic Announcement in 6 working days - PLACING AHOY

Published 76 days ago

Hey Justin the Clown if you want to average down in Andalas Energy (ADL) get out of the homeless shelter and open an account with Cornhill Capital because its placing ahoy time here. Not only is the company almost out of cash but its shares are slipping (now more than 90% down since THAT podcast) at 0.11p to sell. When shares slide after 4 ramptastic RNS statements in 6 working days, supplemented by the Clown ramping away at the Vox vipers nest of rampers, you know what is afoot. And so today we have some more non news dressed up as a world changing event.

Dialight – despite update that trading “remains in line”, shares down…

Published 76 days ago

Previously writing on LED lighting technology company Dialight (DIA), I was bearish on the back of its half-year results in August. The shares have since risen, but are currently 5% lower, at 675p, on the back of a “Trading Statement” announcement…

Why The Curtain Might Fall on Cinema Shares

Published 76 days ago

Hello Share Samplers. At least one bank seems to like Cineworld (CINE) shares, but I won’t be buying into the company, nor any other cinema chain for that matter. The shares rose a bit this week when the Honkers Bonkers bank awarded them a ‘buy’ recommendation with a target of 720p. Today the share price is 540p, so that would be quite a jump.

Gattaca – full-year numbers suggest compelling value, but is it?

Published 77 days ago

Shares in engineering and technology recruitment group, Gattaca (GATC) are currently 15% lower today, at sub 300p, despite a results announcement emphasising “profits in line with market expectations”. Hmmm…

Sirius - funding complete at bottom end of range but...

Published 77 days ago

It is a trifle disappointing that the $860 million funding by Sirius (SXX) has been completed with the £370 million equity component right at the bottom end of the 20p-30p range. The shares went ex on the 2 for 25 open offer at 8 AM today and given the pricing of the fund raise, and the shares going ex, the stock has slipped to 29p.

Dear Blur: Excuses are like A'holes we all have them and no-one cares: the fat lady is warming up for you

Published 77 days ago

A Q3 Trading statement today from long term dog blur (BLUR) is pretty dismal and the shares have crashed another 34% to 3.375p. Putting that in context - this company listed 49 months ago at 82p and has been a dog ever since. Surely it is only a matter of time before the vet arrives with needle to put this sick puppy out of its misery.

HaloSource – “Trading Update” = Loss & Cash Warning, desperate strategic review ahoy…

Published 77 days ago

Having consistently over the last year warned on shares in HaloSource (HALO) – most recently HERE – I note they currently more than halved today, heading towards 1p, on the back of “an update on trading ahead of the year ending 31 December 2016”

Falanx interims - looking good for material re-rate by Christmas

Published 77 days ago

Intelligence, security and cyber defence group Falanx (FLX) has announced results for its half year to 30th September 2016 and a “continued drive to positive cash flow from operations next year”.

Boxhill Technologies: Where are the Emex accounts, M’Lord? Not hiding anything scary are you?

Published 77 days ago

As a bit of a big kid, I look forward to Halloween each year with the streets alive with trick and treaters and lit pumpkins everywhere brightening up the cold winter evenings. This year I had even more to look forward to as all of the subsidiary accounts of Boxhill Technologies (BOX) were due on that date too and I knew that they wouldn’t disappoint.

Xtract Resources – Funding RNS obfuscation at its worst: disappointing

Published 77 days ago

I was starting to warm to Colin Bird at Xtract Resources (XTR) with his decisive action and straight-talking, although today’s hugely disappointing funding RNS which needs about five reads and three espressos to understand leaves me feeling cold, although I’m guessing Beaufort Securities and Beaumont Cornish should shoulder some of the blame.

Journey Group – update on ‘if at first you don’t succeed, offer the same amount again’ offer

Published 77 days ago

After at first not succeeding, but offering the same amount again – with a re-recommended 240p per share offer for Journey Group (JNY) announced on 11th October, there are now updates on the offer...

The Vexed Moral Question of Share-Buying -2

Published 77 days ago

Hello Share Keepers. There were interesting responses to my piece which followed Uncle Tom’s thoughts on Premaitha (NIPT). And there’s probably a bit more to say on the wider picture of buying shares in companies which are doing things you may be uneasy about for your own personal, moral reasons.

Biome Technologies – further update post “significant” June profit warning, recovering or not?

Published 78 days ago

Having commenced June at 177.5p, shares in bioplastics and advanced radio frequency systems technologies company Biome (BIOM) slumped towards 80p in early July on the back of a “significantly behind current market expectations” Trading Update announcement. The shares have recovered somewhat to commence this month at above 110p – though we now have another “Trading Update” announcement…

Gaming Realms – claims “maiden profitable quarter”, but was it really?...

Published 78 days ago

“Q3 Trading Update” from developer, publisher and licensor of mobile real money and social games, Gaming Realms (GMR) commences with the headline “Strong revenue growth and maiden profitable quarter”. Sounds good, but is the reality such?...

T. Clarke – attempted ‘no-one watching o’clock’ announcement of “financial irregularities”

Published 79 days ago

Shares in T Clarke (CTO) are currently down approaching 6%, at sub 60p, despite there no news announced by the company today. Hmmm. What’s that though? A 4:37pm (post market-close, attempted ‘no-one watching o’clock’) announcement yesterday; “Re: Investigation”...

Peel Hunt: Berkeley Energia at 47p worth up to 159p

Published 79 days ago

Peel Hunt, which is no joke as a broker, has initiated its coverage of Berkeley Energia (BKY) at 47p with a claim that the shares should hit 159p. It argues that "Berkeley’s development plans show a high IRR due to the low capital requirements, high margins and attractive cash generation. The location in Spain provides a strategic advantage in geopolitical security which is sought-after by off-takers. We therefore initiate coverage with a Buy rating and a 93p R-NAV,our short-term target. As the company progresses through permitting, financing and development milestones, we would expect the shares to trend towards our 159p NAV."

Petropavlovsk: Debt refinancing (good) news - Buy

Published 79 days ago

Updating last month on Petropavlovsk (POG), we noted debt risk but reassurance that “key terms have been agreed in principle for the rebalancing of the group’s debt maturities with its production profile”. The company has now further updated – including that it“expects to be in a position to confirm details of the refinancing shortly”.

Brandon Hill: New modelling suggests Kefi's lead asset worth 7 times current market cap

Published 79 days ago

Brandon Hill is house broker to Kefi Minerals (KEFI) so take what it says with a pinch of salt. Having said that we too like the Tulu Kapi asset which is why at 0.375p we are very happy to own the shares. Following Kefi's recent admission of increased capex, Brandon has changed its models but still claims, in a note out today, that the shares are incredibly cheap.

Andalas Energy – A review of its accounts show how grim it is - insolvency looms

Published 79 days ago

On 31 October 2016 (the last day permitted for publication), Andalas (ADL) published its results for the year ended 30 April 2016, which showed that it was insolvent to the tune of $1.5 million after recording a net loss of $4,673,000.

The Vexed Moral Dimension of Share Shifting and How to Sleep At Night

Published 79 days ago

Hello Share Collectors. There is a Mel Gibson film being praised at the moment. It tells the story of a soldier in the Second World War who refused to kill, yet still went into battle to save his colleagues.

Bond International Software – bid battle brought to an end...

Published 80 days ago

With a bid battle having ensued, Bond International Software (BDI) has announced the “Result of General Meeting… to approve the disposal of the Recruitment Software subsidiaries”

Nyota admits it is bust it's in black & white - seeking emergency loan

Published 80 days ago

Nyota Resources (NYO) has published a quarterly statement showing that it is completely bust but in this crazy world someone is considering giving it an unsecured loan. This is all bonkers.

Plexus Results "Pretty shocking" - and there is worse to come

Published 80 days ago

In this, the 31st day of the tenth month in the year of Trump, we have today been delivered results from oil services group Plexus (POS) that are truly abysmal. One broker described them as "shocking" but that is unfair, we have been warning you for a long time that Plexus is in deep merde and things will only get worse.

CAP-XX – tax rebate received… but needed to repay line of credit facility...

Published 80 days ago

“Further to the company's announcement of 4 October 2016, the board of CAP-XX (CPX) is pleased to announce that it has received an Australian Government R&D tax rebate of A$1.537m”. The following updates with me having previously commented here on the company looking to need to focus on ensuring it has a sustainable financial basis

Punters Get Punished in Tern - I stay short

Published 80 days ago

As a rule, as I have pointed out before, the stocks most talked about on bulletin boards make appalling investments. Gulf Keystone (GKP) is a good example of this and Tern (TERN) the pretender to the Gulf throne is also a case in point.

I remain bearish on Purplebricks going into 2017

Published 80 days ago

So far I have been wrong about Purplebricks (PURP), but despite that I still view it as over-valued at the moment.

SyQic– Shareholders must be getting a bit SyQ of this saga by now

Published 81 days ago

I first commented on SyQic (SYQ) back in June (HERE) following a strange trading update and the emergence of a takeover bid from the CEO. It subsequently went into suspension having failed to get its results out and, following yet another extension to the takeover process on Friday, it warrants further comment.

LAST DAY to order free copies of Tom Winnifrith e-books

Published 82 days ago

A slight tweak in the ShareProphets business model means that as of November 1st nearly all, of the e-books that I have penned will no longer be available for free on this website - you will have to buy them on Amazon. So you have just TODAY to get free copies of titles such as "The 49 Golden Rules of making Money from Shares" as well as the 49 Red Flags book and the book Ben Flip Flop Turney and I produced on how to value oil, gas and mining shares. The same applies to Zak Mir's crap e-book on charting.

EFH – looking to make a welcome return?

Published 82 days ago

It was good to see AIM-listed med-tech play Angle (AGL) announce that its CEO, Mr Andrew Newland, had successfully seen his sale-and-repurchase deal with Equities First Holdings LLC (EFH) mature at the end of its term, and that the 1.35 million shares involved were safely back in his mitts. Shareholders in Angle will welcome this – but so, it seems, does EFH. So pleased, in fact, that EFH itself released an RNS in celebration.

Management Resource Solutions - another nightmare for AIM emerges

Published 82 days ago

Management Resource Solutions (MRS) has been a stock much ramped by the usual suspects and its shares have flown until last Thursday when they were suspended pending clarification of its financial position. The next day the CEO and founder was fired. But we can reveal that the CEO Paul Morffew claims this is a stitch up and, as a 20% shareholder is prepared to fight back. This has the potential to be another major AIM scandal given that it was less than two months ago that £2.8 million was raised at 10.5p. Nomad and co broker Northland is refusing to answer calls and its position now looks untenable.

Table of shorted AIM shares - week to 28/10/2016

Published 82 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Distil – half-year results, banking gains correct?

Published 82 days ago

Having recommended shares in drinks brand owner Distil (DIS) on the subscription Nifty Fifty website last year at a 0.9p offer price, we last month opted to bank gains at a 1.35p bid. The following reviews on the back of results from the company for the six months ended 30th September 2016…

Optibiotix - a series of updates but not the fireworks folks wanted, BUT!

Published 82 days ago

OptiBiotix Health (OPTI) has served up an update which is good but not the sort of fireworks investors were hoping for. As a result the shares closed at 61.5p-63p on the day which is, to say the least, disappointing. They are now 63p-66p which is better but still both disappointing and far too low.

A hot share tip TODAY at 2.30PM for just a fiver... every dog has its day

Published 83 days ago

Our share tip of the month is out on Friday at 2.30PM and some people who are close to the action reckon it could be a ten bagger. We do not make such claims and historically it has been a right old dog but we really do expect the shares to race ahead. You can catch that tip for just £5 HERE.

Entu – further disappointment as “important step forward” March 2015 acquisition to be sold for net £1

Published 83 days ago

Shares in home improvement group entu (ENTU) are currently further lower, at sub 20p, on the back of an agreement for the disposal of Astley Facades Ltd – for a net £1…

Obtala - stance upgrade though we are almost 100% ahead on this share tip

Published 83 days ago

We first tipped this one at an 8.25p offer. But shares in Obtala (OBT) now trade at 15.5p-15.75p on the back of yet more evidence that new boss Miles Pelham really is delivering.

eg solutions – claims another “landmark” contract win. Hmmm…

Published 83 days ago

eg solutions (EGS) has followed what it considered a “landmark contract win” with a leading “technology disruptor”, with what it describes as a “first landmark contract in Asia Pacific”. The following reviews with the shares approaching 6% higher, at 46.5p…

Falanx Upgrade - canny share buyer takes stock up to 6.875p: more to come

Published 84 days ago

Shares in Falanx (FLX) have "melted up" to 6.75p-7p. The spread used to be enormous but has narrowed pleasantly and the trend is clear. You may have spotted that one investor, Steven Myers, has been buying aggressively and now holds 12,701,000 shares, 10.17% of the equity. Who is he?

Goldplat – Q1 2017 operational update, still a gold recovery buy?

Published 84 days ago

Goldplat (GDP) has announced an “Operational Update” for the three months ended 30th September, with CEO Gerard Kisbey-Green “very pleased with the progress made on all areas of strategic focus as we continue to improve our operational efficiencies, increase processing capacity and ultimately build our profitability”

Ten Alps – with deferred consideration to pay, it’s placing and debt manoeuvring ahoy!

Published 84 days ago

I’ve previously noted balance sheet pressures for Ten Alps (TAL) - and now preparation of full-year accounts for 2015-acquired Reef Television indicate “that the full deferred consideration and loan note payment of £1 million will be due to the Reef vendors for the first tranche”. It’s thus placing and debt manoeuvring ahoy…

Reach4Entertainment - placing at 1.5p: I am livid

Published 84 days ago

Reach4Entertainment (R4E) has announced a share placing raising £2 million pre expenses at 1.5p. I am utterly livid for reasons that I shall explain.

Mercom Capital – Calvet International puts deal on the table: Stick or twist?

Published 84 days ago

I first wrote about Mercom Capital (MCC) last week on 18 October, (HERE) commenting on the extraordinary recent share price rise from 3.5p to 13.5p suggesting that it could be time to take profits. Well, I may have missed some upside as Calvet International have put an interesting deal on the table but it merits closer examination.

Bloody Hell - another Wishbone Placing as Beaufort Securities shows naked greed

Published 84 days ago

Just when Wishbone (WSBN) shares were getting going again after the last placing conducted by Belfort Securities to their spiv share flipping bucket shop mates, here we go again. Boy my morning has started well: not only do I have to suffer more laziness and abusive emails from my lazy, greedy bitch of a selfish bitch of an ex wife but this as well. I want to go back to bed.

M. P. Evans – details why it considers offer “highly opportunistic and wholly inadequate” & shareholder support…

Published 84 days ago

Following its announcement earlier this week that the board had unanimously rejected a 640p per share takeover offer from Malaysian company Kuala Lumpur Kepong Berhad, M. P. Evans (MPE) has detailed that shareholders of a majority of its share capital have also stated their intention to reject the offer and why it considers the offer “highly opportunistic and wholly inadequate”...

Capital Drilling – Q3 update, further signs of resources market improvement?

Published 85 days ago

Drilling provider to mineral exploration and mining companies Capital Drilling (CAPD) has provided a “Q3 2016 Trading Update”, including that “improving market sentiment generally is evident”

Sylvania Platinum remains a buy after positive update

Published 85 days ago

I’ve been a fan of Sylvania Platinum (SLP) for some time now and it is a company in which I hold shares myself, and after the latest update I see no reason to change that stance.

Earthport – “is pleased to announce”… dire full-year results…

Published 85 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…

M. P. Evans – rejects takeover offer, faces hostile move. What to do?

Published 85 days ago

Shares in palm oil producer M. P. Evans (MPE) have soared more than 43% to 610p on the back of a takeover offer from Malaysian company Kuala Lumpur Kepong Berhad – though the offer has been unanimously rejected by the M. P. Evans board...

STM Group – following July profit warning, pricing model update…

Published 86 days ago

I commented on cross border financial services provider STM Group (STM) following a profit warning in July and a trading & strategy update in August, concluding the latter - with the shares then at 38.5p - that for those looking for a small speculation, I reckon you could do a lot worse. The following updates with the shares at 48.5p on the back of a pricing model update…

Sabien Technology – dire full-year results, expects “considerable improvement”. Er?

Published 86 days ago

I previously wrote on boiler technology company Sabien (SNT) last month – ‘£750,000 placing “to continue growth strategy”, AKA to keep the lights on…’. The company has now announced results for its year ended 30th June 2016...

Eckoh – announces US contract wins, but how material?

Published 87 days ago

Eckoh (ECK) “is pleased to announce that it has recently secured three significant contracts in the US worth over $2.5m in total over the next three years… Our trading performance at the end of the first half of the year has been strong and we remain confident that the revised market expectations for this financial year will be achieved”. Revised market expectations? Oh yeah…

Bond International Software – further developments in bid battle…

Published 87 days ago

Previously writing on Bond International Software (BDI) on the back of an improved recommended offer from US private equity group Symphony Technology, I concluded that, with prior recommended offeror Constellation Software still to respond, it looked worth continuing to hold. Constellation then responded with a “Final Increased Cash Offer” and Symphony has now responded with further improved terms…

Charlatan stock Cloudtag remains a compelling short

Published 87 days ago

It wasa mixed week for the leading charlatan stocks on AIM. Shares in Cloudtag (CTAG) have come off the boil on an absence of news but there is worse to come for the bulls. These shares are set to collapse.

Ex Workers at Avocet Mining seize 1,400 oz of gold - Avocet gives capitalism a bad name

Published 87 days ago

It is the sort of incident that would have Sir Benjamin Dover fulminating about how you can't trust the natives out in Bongo Bongo land. Workers, who Avocet Mining (AVM) fired in December 2014, have seized 1,400 oz of gold which had been produced at the Inata mine. The incident says a lot about the way Western miners rape and pillage across Africa. I'm with the workers even as Avocet shares crash on worries that it may have a funding issue and that it clearly has breached Stock Exchange rules.

Xtract Resources - moves to the worst Nomad in London: It gets worse...

Published 87 days ago

There are two statements out today from Xtract Resources (XTR) and neither can be viewed in any way as good news. We own these shares thanks to Dragons Den choices by Steve Moore & Gary Newman at UK Investor 2016, and today's admissions prompt me to start filling in P45s for both those writers.

Recent CityFibre director sales would make me cautious

Published 88 days ago

Telecommunications isn’t a sector which I follow that closely, but a company called CityFibre recently caught my attention, unfortunately for the wrong reason!

Challenger Acquisitions – Board director allegedly tells colleague to “suck dick”: Charming!

Published 88 days ago

I thought the Challenger Acquisitions (CHAL) wheel had actually come to a stop after a very quiet summer; however, recent announcements on funding and the New York Wheel indicate that it is still inching forward towards its inevitable conclusion. Thought I would dig around an obvious omission from the latest news and found a few interesting snippets.

K3 - New CFO, we won't hold his MBA against him ( now 133% ahead on share tip)

Published 88 days ago

Orderly business succession is what we like as investors. Folks get old, folks move on and want fresh challenges but well run companies plan for this and do not make a drama out of what does not need to be a crisis.

Notes from Underground: Wearables will fly out the door this Christmas, unless they are Cloudtag branded

Published 88 days ago

There are two stories that you should be reading this week: one from the top 10 - Cloudtag and the guaranteed $5.2 million order that is not going to happen - think Christmas which is as big a slap to the noggin to the morons as can be given.  The other is READ THIS NOW: Give Woodlarks a few quid today to transform someone's Christmas. Whether you had a profitable year or a lamentable one, read this and make your own Karma account will get a bonus.

Disgraced Equities First is back: covert £3m share dumping by Edi Truell at Tungsten

Published 89 days ago

Equities First Holdings is back. You remember those chaps who "borrowed" shares from folks like Andrew Austin at IGAS, fraudster Rob Terry at Quindell (QPP) and Ronald Duncan at Cloudbuy (CBUY). Shares in all three companies crashed and all defaulted on the loans so completing what was in effect a hidden share sale. After almost two years the disgraced shysters of EFH are back and this time it is Edi Truell of Tungsten (TUNG) infamy who is dumping shares but wants to hide the fact.

Table of shorted AIM shares - week to 21/10/2016

Published 89 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Digital Globe Services – another AIM success story; seller returns for 62% discounted takeover just 44 months after IPO! ...

Published 89 days ago

14 February 2013: “Digital Globe Services, Ltd (DGS), a leading provider of outsourced online customer acquisition solutions for large, consumer-facing corporations, is pleased to announce at 0800 today the admission to trading on AIM… at the placing price of 159 pence per common share… The Resource Group International (TRGI), the selling shareholder”21 October 2016: “The independent directors and TRGI are pleased to announce that they have reached agreement on the terms of a recommended cash offer for DGS… shareholders will be offered for each DGS Share: 60 pence”. You what?!?…

TODAY 2 PM... Don't miss out says Tom Winnifrith - or perhaps you like losing money on shares?

Published 90 days ago

Steve Moore and I have not tipped a stock on our Nifty Fifty Website for a good while. We are nervous of the stockmarket as whole and as a result we have been advising readers to liquidate existing share tips, mostly banking big gains as they do. But we now have a stock we want to tip irrespective of the wider market as its shares are just cheap. That share tip goes out Friday 21st October at 2PM - tomorrow

Tom Winnifrith Bearcast - can you monetise a twitter Troll & Belfort, Bushveld & the AIM Cesspit

Published 90 days ago

A late bearcast. Sorry. I was working on the new share tip. Away from that I look at just two stocks: twitter and how you monetise a troll? So what does that make the shares worth? Then onto Bushveld Minerals (BMN) and its placing today done by Belfort Securities. What does that tell you about AIM. There is a lot of PR horseshit flying about that placing as I point out. Warning: this bearcast contains bad language right from the start.

Michelmersh Brick – reckons fundamentals “strong”, but it’s a profit warning…

Published 90 days ago

“We are Michelmersh Brick Holdings plc (MBH): we are ‘Britain's Brick Specialist’”. You are Michelmersh Brick Holdings plc, you’ve just issued a profit warning…

The Chairman's Blog 19: Sir Benjamin Dover of Global Mining Endeavours has a working breakfast with Evil Knievil

Published 90 days ago

Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Ben Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be candid in his approach. Blog number nineteen....

RTC Group – having “successfully navigated… period of market anxiety leading up to the EU referendum”, a profit warning…

Published 90 days ago

Having in August stated that its engineering and technical recruitment consultancy ATA “has successfully navigated through the period of market anxiety leading up to the EU referendum”, RTC Group (RTC) has now announced its short-term performance has been impacted by delays in the commencement of infrastructure projects…

Tom Winnifrith Bearcast: Telit still the biggest short on AIM + not investing in PR

Published 91 days ago

On today's podcast I look in detail at Porta (PTCM) and other people businesses. Porta employs top PR person foxy Bex but even so its shares are a stonking sell. I then look at frauds Highlands Natural Resources (HNR) and Servision (SEV) and then onto the biggest short on AIM, Telit Communications (TCM)

NCC Group – “Trading update” announcement a profit warning or not?, what day is 31 November 2016?

Published 91 days ago

Cyber security and risk mitigation group NCC (NCC) has updated on four month to 30th September organic revenue growth of 21% in an announcement that also includes that “rate of growth in profitability will now be more biased towards the second half of the year than initially expected, but remains in line with the board's expectations”. Hmmm...

Vast Resources: Suspicious share trading activity – FCA need to get involved – and an investigation that even Clouseau could solve!

Published 91 days ago

I appreciate that Tom wrote last week about the expensive loan from Bracknor (HERE) ; however, I wanted to point out a few other aspects of the financing transaction, particularly after the laughably naïve RNS’s that came out this morning. The FCA need to take a closer look.

Daniel Stewart - a big fudge to delay publishing ghastly accounts

Published 91 days ago

Remember when the fraudster Rob Terry told his deluded followers that shares in Daniel Stewart (DAN) were worth 10p each. In those days they were listed on AIM but Terry reckoned that they could be worth even more when delisted. Hmmmm. Now slung off AIM things seem to be going from bad to worse.

Reach4Entertainment: Buy after share price slide

Published 91 days ago

For reasons that seem entirely related to illiquidity on AIM and nothing to do with fundamentals, shares in Reach4Entertainment (R4E) have ratted back to 1.25-1.4p. It is crackers.

Kefi, at 0.36p, still worth 1.5p despite operational update says broker Ambrian

Published 91 days ago

Shares in Kefi Minerals (KEFI) may have fallen after the latest operational update to just 0.36p but house broker Ambrian reckons that a 6 month delay to first output and an increased upfront capex spend makes no difference to NPV. Really? Is it sure. Ambrian reckons the shares are still worth 1.5p. For what it is worth we are not selling ours and here is the note:

Hayward Tyler – disappointing H1, but reckons still to meet full year expectations. Hmmm…

Published 91 days ago

Shares in specialist engineering group Hayward Tyler (HAYT) currently trade more than 10% lower, heading towards 80p, despite a trading update announcement including “management is positive in the group's ability to meet full year market expectations”. Hmmm…

Lombard Risk Management - headline blather excellent, but hidden cashburn terrifying

Published 91 days ago

Under its old management led by John Wisbey, Lombard Risk Management (LRM) used to make profits and pay dividends. How fucking old hat and boring is that? Think like a millennial and get the cashburning vibe, that is the way forward and who better to do that than a man fired by Oracle (yet who boasts about his Oracle career ) & who was at the helm of a spectacular dotcom disaster, Phil "Interx" Crawford. Interims today score straight 10s for bullshit headline blather. But look at the hidden cashburn, extrapolate and panic.

Rockhopper still has potential but you will need patience

Published 91 days ago

Oil still has a long way to go before it is at a healthy level for many oil companies, but the recent rise back above $50 a barrel certainly seems to be creating some interest in the sector, at least for the time being.

Crest Nicholson Should Build its Share Price after Unjustified Pressure

Published 91 days ago

Hello share screamers. I've had mixed encounters with brokers this week. It looks as though TD Waterhouse is handing the reins to Interactive Investor. Not sure I'm happy about that. Then I bought some stock in my ordinary trading account instead of my ISA. It took TD a heck of a long time to sort that out and a helpful chap called Cal worked efficiently and tirelessly on my behalf. Thanks Cal.

Hotel Chocolat – “pleased” with full-year results, but valuation tasty?

Published 92 days ago

Hotel Chocolat (HOTC) co-founder and CEO, Angus Thirlwell emphasises “I am very pleased with our performance since we were admitted to trading on AIM in May this year. Our results are strong, the Hotel Chocolat brand has continued to strengthen and we have made good progress with our three strategic priorities of investing further in our British chocolate manufacturing operations, growing our store estate and developing our digital offering”. Let’s take a look…

Get Six of the Best from Steve Moore today

Published 92 days ago

Get the new ebook by ShareProphets editor, Steve Moore  Six of the Best (Half a dozen AIM shares to buy for Autumn 2016) sent direct to you. Order today for delivery this week.

OneView Group – from “remains confident” to “likely to be below market expectations” in 6 weeks! …

Published 92 days ago

“Winning its first hosted customer in the UK was a pivotal event for OneView (ONEV) in the first half of the year, creating an important new recurring revenue stream… The company continues to see strong interest in its software and is confident that the current pipeline will deliver growth in the future”. Sounds encouraging, but what? The shares currently down circa 30% to sub 4p? …

Could there ever be another ASOS in terms of share price gain? And if so what?

Published 92 days ago

As I noted in bearcast yesterday I remember my old pal Mark Watson Mitchell tipping ASOS (ASC) at 7p. The shares hit a high of c£70 so that was a 1000 bagger for anyone who got their timing spot on and held. I doubt anyone did. But could there be another ASOS lurking out there on the London Stockmarket and if so what is it?

Interquest - share price slippage: Buy

Published 92 days ago

Shares in Interquest (ITQ) slipped to 32p last week although they are now 33p-34p. I swapped emails with a rather glum chairman Gary Ashworth. Of course Gary is glum, as the largest shareholder his net wealth has been materially dented.

Gary Lineker recycles some of his dirty Quindell winnings into a new insurance venture - Neos

Published 93 days ago

Old jug ears got free shares in the fraud Quindell (QPP) as a reward for his role as "band ambassador" for the Ingenie outfit. That was the unit run by Richard King at whose lavish wedding in Somerset jug ears was best man. Lineker sold his shares netting at least £3 million so what to do with the cash? Give it all to charity? Naaaaaaaaah.

Hardide – investment for growth or just keeping the lights on?

Published 93 days ago

I wrote on provider of advanced surface coatings for a wide range of engineering components, Hardide (HDD) in June – ‘half-year results dire, cash crunch & thus (explicitly) fundraising ahoy!’. I now update on developments on the back of a trading update from the company today…

Falanx - so much news and its all good

Published 93 days ago

So much news so where to start? At the top perhaps? Falanx (FLX) has appointed a new CEO Stuart Bladen. He will work alongside John Blamire who stays as an executive director which is good news.

Digital Barriers – credit facility ahead of interim results?

Published 93 days ago

Having warned on shares in Digital Barriers (DGB) last year, I note an announcement of a £10 million credit facility – with this following a trading update announcement last week…

Mercom Capital: Not another bloody Zambrano investment - shareholder clearly not happy

Published 93 days ago

I’ve been watching the share price of Mercom Capital (MCC) rise recently with interest wondering what is going on behind the scenes. Following a further 30% rise yesterday to 13p, a couple of after-hours RNS’s shed a bit of light on the situation….but also raised plenty of questions. In any event, there should be a bit of fun and games for the neutral to enjoy.

Image Scan Holdings – “Pre Close Trading Update”, jam now being delivered?

Published 94 days ago

Previously writing on X-ray imaging for the security and industrial inspection markets-focused Image Scan Holdings (IGE), I concluded that the order momentum continues to interest, but I wait for further cash flow and balance sheet clarity before possibly taking a more positive position than on the watchlist. The company has now announced a “Pre Close Trading Update” for its year ended 30th September 2016...

Tom Winnifrith Bearcast: Should I admit that "waterboarding" Paul Scott was right about Boohoo

Published 94 days ago

I start with a discussion of gold versus Sovereign debt and refer to a table at the bottom of an article I penned today on the delusional poisonous midget Nicola Sturgeon and her welfare addicted countrymen HERE. Then it is onto TrakM8 (TRAK) but more importantly Boohoo (BOO). Will Paul Scott concede defeat on the former, should I show humility and concede defeat on the latter, just to avoid another session of retail gross margins waterboarding. What do you think? Cripes that reminds me that we picked up some Boohoo shares in the Dragons Den session last year at UK Investor. Bank gains, methinks.

Starcom – legal woes follow half-year results concern…

Published 94 days ago

Having previously questioned whether it has sufficient working capital, I note a “Litigation update” announcement from Starcom (STAR) and the shares currently 12.5% lower, at 2.625p, in response. Uh-oh...

Allenby Capital - is this damning enough to make you quit as Nomad to China crap Moneyswap

Published 94 days ago

Shares in Moneyswap (SWAP) are suspended on the AIM Casino as the company can't get its accounts for the year to March 31 out (still) and because there are clear financial issues. But Nomad Allenby is clearly desperate for retains as it won't quit this obvious fraud. Well perhaps when it reads the expose that follows it will at last do the decent thing....

So we did not sell Wishbone after that placing, conversations with the chairman

Published 95 days ago

My last comment on Wishbone Gold (WSBN) was not exactly positive. The company's shares had raced ahead, in part methinks, down to comments made by me saying I'd not be selling until the shares were closer to 2p than 1p. It then raised £600,000 at just 0.75p with broker Beaufort Securites trousering not just commission but warrants. I write a fairly vicious piece HERE. But we did not sell and at 1p are still holding and hoping for better. I swapped emails with chairman Richard Poulden last week.

Ovoca is trading at a fraction of cash value - buy!

Published 95 days ago

Many AIM companies look vastly overvalued and are largely reliant on sentiment revolving around the future development of assets in the ground to support their market cap.

Xcite Energy PLC:  Still more than twice Overvalued at 1.5p

Published 95 days ago

I have had rather a soft spot for the management of Xcite Energy (XEL) ever since it responded to a rise in its share price by effectively warning over exuberant retail punters that its shares were close to worthless.

Notes from Underground: Hip to be Square

Published 95 days ago

Tom accuses me all the time of being a hipster. But I think it's actually projection: Tom is the real hipster. 

Table of shorted AIM shares - week to 14/10/2016

Published 96 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last time...

LightwaveRF – “pleased to announce”… an uber-expensive loan (& trading warning)…

Published 96 days ago

LightwaveRF (LWRF), “enabling domestic and commercial users to remotely monitor and control light, heat, power and security by smartphone, tablet or PC… is pleased to announce that it has entered into an agreement with its principal shareholder, Committed Capital Financial Services Limited for a loan of £150,000”. Uh oh – sounds like ‘keep the lights on’ stuff…

Keep on Falling Pound and Make UK Shareholders Happy

Published 96 days ago

Hello Share Scrapers. The Dow continues to fall. The days when it topped 18500 seem long gone. Happily, the progress of America’s big indicator no longer seems to influence British shares very much. Perhaps it’s because the Brexit vote has given us more of an independent status in the eyes of big investors.

Carclo – after dividend failure, an acquisition & placing…

Published 97 days ago

Having recently cancelled its full-year dividend after the ex-dividend date, specialised plastics company Carclo (CAR) has now announced an acquisition! (along with a trading update and placing)…

Advanced Oncotherapy Open Offer at 100p: I'd rather get stranded on a desert Island with Hillary Clinton than accept

Published 97 days ago

As indicated at the time of its bailout £10 million placing on September 30th, Advanced Oncotherapy (AVO) has now announced that it is to raise up to £4.8 million via an open offer at 100p. With the shares at 102p to sell, I'd rather sign up to spend two weeks alone on a desert island with crooked Hillary droning on about how being a rape enabler makes her a good feminist, than accept this offer.

Grafenia – trading update reckons “market expectations remain achievable”. Hmmm…

Published 97 days ago

Having previously reviewed Grafenia (GRA) with the shares at 9.5p in August, I note they currently 13.5% lower today, at sub 9p, on the back of a “Period End Trading Update and Notice of Results” announcement…

DiamondCorp - it is near death by dilution or just death

Published 97 days ago

An announcement a day does not necessarily keep the company doctor at bay. Let alone the corporate undertaker. I am afraid, as I really do actually like the management here but the third announcement in three days from Diamondcorp (DCP) really looks grim indeed.

Renold – trading update, recovery from February profit warning woe?…

Published 97 days ago

Following a February profit warning, supplier of industrial chains and related power transmission products, Renold (RNO) has updated on its six months ended 30th September and its ‘STEP 2020’ strategic plan…

GAME Digital – full-year results, is this a sustainable proposition?

Published 98 days ago

Following an August pre-close trading update which saw its shares lower to sub 70p, I now update on GAME Digital (GMD) with the shares falling to 67p on the back of its full-year results announcement…

Iofina Trading Statement: The mystery of the barking dog

Published 98 days ago

Iofina (IOF) has today served up a Q3 trading statement. What it says is fine enough. But what matters is what it does not say. Since there is no point in hiding good news one can only assume the worst. The ,market certainly does and it is right to do so. The shares are off by 15% at 10.75p-11p. Fair value is closer to zero.

Falanx shares starting to motor - hang on, price target increased

Published 98 days ago

Back in May, we tipped Falanx (FLX) at a 4.25p offer and a 6.625p limit buying price with a target to sell at 6.5p by August. There have been a few delays caused by a stock overhang and the placing needed to clear a death spiral. But the shares are now starting to motor ahead. They now stand at 6p-6.25p. Do not sell. In fact...

Gable Holdings Inc. – Dewsall keeps on spinning as main subsidiary goes tits up

Published 98 days ago

Gable and its loathsome scumbag gives capitalism a bad name CEO WIlliam Dewsall have yet to inform shareholders of the latest bad news but bad news there is aplenty. According to the publication Insurance Age, Gable Insurance AG was placed into administration by the Lichtenstein Regulator

Mirada – shares soar on half-year trading update, but does it tell the full story?

Published 98 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…

People must be mad paying this much for Strategic Minerals shares!

Published 98 days ago

It never ceases to amaze me how small AIM companies can sometimes continue to see large share price rises, even once the company has put out a statement saying that it knows of no reason for the recent rise!

Time Out – claims “incredible milestone” in it to bring “highly successful” market format to London. Hmmm…

Published 99 days ago

Having recently been “very excited” to announce a second ‘Time Out Market’, Time Out Group (TMO) is now “absolutely delighted to announce that we will be bringing our unique Time Out Market format to London”. The following reviews with the stock market not particularly delighted – the shares currently 1.4% higher at 141p, still comfortably below the 150p June IPO price…

Vislink – announces “strong growth” from Pebble Beach Systems, but what about financial situation?

Published 99 days ago

Having slumped to sub 8p, shares in Vislink (VLK) are currently approaching 8% higher, at 8.625p, on the back of a “Pebble Beach Systems Announces Strong Growth” announcement. What’s the detail?

Mkango - the ramp has failed, its a countdown to the bailout placing

Published 99 days ago

Have you looked at the chart of AIM dog Mkango Resources (MKA)? It is a corker. It is all down to the looming cash crisis and that is why the shares now trade at 3.5p-4p which is below the IPO fund-raise price from June 15. That tells you how much trouble this piece of Turkish is in.

Concepta: how would you like a free £70,000? No thanks said AIM Investors - morons

Published 99 days ago

Concepta (CPT) has announced that it has issued 464,674 shares following the exercise of warrants - something we warned you about last week. That brings in £34,851 which is frankly neither here not there. Around 10% of that cash came from the exercise of warrants by FIML and my pension fund. Neither are selling at anything like this price although the shares are well up on a 14p offer share tip.

Table of shorted AIM shares - end September 2016

Published 100 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of September (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last month...

Enquest looks cheap compared to its peers

Published 100 days ago

Oil has been enjoying a good run over the past couple of months and many producers have seen that rise reflected in the share price of those companies.

Tom Winnifrith Bearcast - I am such an ffing feminist & is Justin the Clown always a red flag?

Published 100 days ago

The reason for that is revealed at the end of the podcast. Before that I look at Gable (GAH), Entu (ENTU), Gulf Keystone and a stock ramped by Justin the Clown, Global Energy Development (GED). Does an endorsement from the Clown mean that the shares might not be cheap?

Nanoco – full-year results; claims “excellent position”, but actually en-route to cash crunch ahoy (again)?

Published 100 days ago

Nanoco Group (NANO) Chairman Dr Christopher Richards considers it “a pleasure to be introducing Nanoco's results for the year to 31 July 2016”. The shares are currently more than 6% further lower, at 55p, in response…

Zac "The Knife" Phillips explicit warning on Gulf Keystone

Published 100 days ago

The City's top oil analyst, Zac "the Knife" Phillips of SP Angel has today issued a stark warning on the risks in holding shares in Gulf Keystone (GKP). As it happens I think Zac is being rather too nice on this occassion, he misses a trick. First to Zac, with the shares now trading at 2.23p, but, he warns, worth as little as 0.65p. "The Knife" writes:

Richoux Group – review as shares soar on appointment of founder and former CEO of Prezzo

Published 101 days ago

Shares in Richoux, Dean's Diner and Villagio restaurant group, Richoux (RIC) are currently soaring more than 40%, to above 30p (capitalising the company at approaching £28 million), on the back of a “Board Change” announcement…

Surface Transforms – full-year results; management ‘confident’ and ‘excited’, market response less so…

Published 101 days ago

Developer and manufacturer of carbon ceramic products for the brakes market, Surface Transforms (SCE) “is pleased to announce its preliminary results for the year ended 31 May 2016”. The shares are currently 7.5% lower, at below 25p, in response…

The tangled web of Nu-Oil and Gas

Published 101 days ago

Large increases in share price on smaller AIM companies always get my attention, especially in the case of Nu-oil and Gas (NUOG) which closed up over 400% in a single day last week.

FastForward - On the ramp again, guess cash must really be low and it's placing ahoy

Published 102 days ago

FastForward - On the ramp again, guess cash must really be low and it's placing ahoy
Lorne Abony must have needed a holiday because having been running at more than one RNS a week for most of the year things went quiet (relatively) in August and September at FastForward Innovations (FFWD), the second most self-ramped stock on AIM. But now old Lorne is back in full ramptastic mode with two announcements in two days at the end of last week.

Tom Winnifrith Bearcast: Why twitter could be worth $0 & a note for stock owning moron homophobes

Published 102 days ago

I again find myself asking about the high correlation between those who own shares in the crappiest frauds on AIM and those who think calling someone gay is a term of abuse. Whatever. Of more import I look at twitter a case study in bull market insanity. It will not be "different this time" and there is a case for saying that the shares are worth $0.

Notes From Underground: Giving thanks

Published 102 days ago

Dear reader, it's one of the most important holidays on the calendar today, Thanksgiving. The real one. The Canadian one. Oh sure, next month we'll hear all about the US holiday and where to buy turkey and it's related treats, but remember who did it first.

Edenville is all about the pump to cash in warrants

Published 103 days ago

Edenville Energy (EDL) has long been a favourite of small private investors, but ultimately I have to wonder whether it will actually ever get to a stage where its projects come to fruition.

Progility - How does Wayne Bos reckon his related party deal of 3 years ago has fared?

Published 103 days ago

Just over three years ago Wayne Bos was seen as the man who was going to turn around AIM Listed ILX. He stuck in a bit of his own cash and with the shares at c10p, long suffering investors were lead to believe that the future was bright. So ILX then paid £15.97 million in shares to buy Progility (PGY), a company owned largely by er....Wayne Bos.

Kefi interims - the numbers are academic, the progress is clear: Buy

Published 103 days ago

KEFI Minerals (KEFI), the gold exploration and development company has published its unaudited interim results for the half-year ended 30 June 2016. The numbers are pretty irrelevant but for what it is worth...

Progility – “pleased to present results”, shares down approaching 40% in response...

Published 103 days ago

16 Sep 2016: “Progility plc (PGY), the Professional Services, Healthcare and Communications firm… intends to publish its full year results for the period to 30 June 2016 in the week commencing 26 September 2016”27 Sep 2016: “the company now intends to publish its final results, for the year ended 30 June 2016, on or before 7 October 2016”07 Oct 2016, 11:06am: “Final Results” announcement. All sounds a bit disorganised… and the shares slumped by 39% lto 1.6p, despite Executive Chairman Wayne Bos being “pleased to present Progility's results for the twelve months to 30 June 2016”.

Nanoco – “update on the timing of revenue recognition” just days before scheduled results announcement. Uh-oh…

Published 104 days ago

Having in August announced, for its year ended 31st July 2016, “unaudited revenues in the year were £1.9 million (FY 2015: £2.0 million)”, Nanoco Group (NANO) has now made an “Update re Unaudited Revenues” announcement just days before its scheduled results announcement. Hmmm…

Brammer – Q3 trading & financial position update, from bad to worse…

Published 104 days ago

Having joined industrial supplies distributor Brammer (BRAM) as CEO on 1st August, Meinie Oldersma has purportedly “been impressed by the market position and the expertise and the quality of people the group has built over the last few years”. However, the shares are currently more than 30% further down, at 87.5p, on the back of the “Update on Q3 Trading and Financial Position” announcement. Hmmm…

Eagle Eye Solutions – a management either trying to fool you or fooling themselves, whilst at the trough. Oink, oink…

Published 104 days ago

Shares in “SaaS technology company that validates and redeems digital promotions in real-time for the grocery, retail and hospitality industries”, Eagle Eye Solutions (EYE) have recently been on the rise – with recent announcements including a share purchase by CEO Tim Mason and results for the company’s year ended 30th June 2016 including “overall the board is pleased with the significant progress made”. Sounds interesting…

Cloudtag - Second Chance Accounts in - show what a lie is the $5.2m distribution deal

Published 105 days ago

The major international distributor based in a shed in Blackpool Second Chance has finally filed its accounts for the year ended 31 January 2016 with Companies House and they show quite evidently that the deal with it announced by AIM listed fraud Cloudtag (CTAG) is sheer fantasy.

Bond International Software – previous recommended offer was not the end of the story, what now?

Published 105 days ago

Writing on Bond International Software (BDI) last month post an announcement that, having previously been “pleased to announce the sale of its Recruitment Software subsidiaries” to US private equity group Symphony Technology, it was now instead recommending a 115.5p per share takeover offer from largest shareholder Constellation Software, I concluded that it looked worth those in here continuing to hold. This was as the downside looked limited, but there remained the potential for some further upside – and there have since been further developments…

Life Science Developments – the interesting case of The Diabetic Boot Company (Part 2): The Jim Mellon spoof

Published 105 days ago

I almost spat out my cornflakes with laughter at the ridiculous announcement from Life Science Developments (LIFE) this morning as it entered suspension pending an RTO with The Diabetic Boot Company (“DBC”). Please allow me to explain.

SRT Marine Systems – trading update; disappointing first half, better to come?

Published 105 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…

African Potash - an admission that it has committed fraud & a new caption contest for Lord Peter Hain

Published 105 days ago

On 1st September AIM listed fraud African Potash (AFPO)demanded that I pay it money, withdraw all my articles about it and promise never to write again. It stated that if I did not comply by 4 PM on 2nd September it would be forced to take legal action against me. I told the bitchez at fascist lawyers Memery Crystal that I was 2 nil up against its fraudulent clients so far (Globo and Pirate Pete Landau), that I could not wait for disclosure that would bring me a hat-trick and that I'd see the bitchez in Court. So where are we now, a month later? Er....

Craven House Capital – A proper “Big Hitter” joining the fun but is it all as it seems?

Published 105 days ago

On the face of it, great news was announced by my favourite oddity of the investment world, Craven House Capital (CRV), this week with the appointment of Richard Burrows as its new Chairman. Richard has a very impressive CV and I couldn’t help but wonder why he would take on such a role but with a bit of digging and a wild imagination, I reckon I’ve worked it out.

Time Out Group – “pleased to announce” a new 'Time Out Market' in Portugal, still a gold-plated sell?

Published 106 days ago

“Time Out Group (TMO), the global multi-platform media and e-commerce business with food & cultural markets, is pleased to announce that it has signed a lease for a new Time Out Market in the iconic São Bento train station in Porto, Portugal. This will be the second Time Out Market, following the success of the group's flagship market in Lisbon which opened in May 2014”. Hmmm…

Falanx Placing - Death Spiral loan notes cleared: here we go

Published 106 days ago

Falanx Group (FLX) has raised £750,000 at 4p in a placing organised by new broker Turner Pope. It was Turner Pope that approached Falanx and we know most of those who put up the cash and they are firm-ish holders not flippers. Turner Pope will get its commission and also 468,750 shares with a six month lock-in.

DP Poland – reckons business model “proven”, to accelerate roll-out. It’s placing time

Published 106 days ago

Arguing “the strong financial and KPI performance from the stores reported in the company's 2016 interim results gives the board comfort that the business model is proven and the confidence to accelerate the roll-out of new stores”, the company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) has announced it’s placing ahoy! Hmmm…

Time to sell Glencore (and other big miners) before the markets take a tumble

Published 106 days ago

I have been very pleased with the way that Glencore (GLEN) has performed since I covered it here a few months back, but I now feel that it is time to cash in, at least for the time being.

Cloudtag and the dodgy web of offshore connections - Panama Papers and all that..

Published 106 days ago

My attention is drawn by a member of the Global Shorting Conspiracy to three most excellent posts by a chap called Nod4 on the ADVFN Bulletin Board. I have no idea who this fellow is but his digging on the fraud Cloudtag (CTAG) is most excellent. This company is all smoke and mirrows and Lucian and I have another matter of real nsignificant to raise later today. We've done a bit of sleuthing ourselves. But on the offshore stink, I can do no better than bring you Nod4's posts. Suffice to say the shares remain a sell at 19p with a target - as is the case with all frauds - of 0p. Over to Mr Nod4:

Journey Group – if at first you don’t succeed, offer the same amount again!

Published 106 days ago

After a 240p per share recommended offer was voted down, Journey Group (JNY) is “pleased to announce… discussions with regard to a possible offer… the possible offer price under consideration is 240 pence”. You what?…

CAP-XX – full-year results, talks CrAP (XX)…

Published 107 days ago

Having previously updated sceptically on supercapacitor and energy management systems company CAP-XX (CPX), I note it is now “pleased to announce its audited results for the year ended 30 June 2016”. Let’s take a look…

TrakM8 share price slide continues - shows director buying meaningless

Published 107 days ago

As we know, my good pal Paul Scott bought shed loads of TrakM8 (TRAK) shares at c220-230p following what he termed a "Winni-wobble", that is to say share price weakness caused by my high quality investigative and forensic journalism. With the shares dipping another 10% today to 165p-170p without me saying a dickie bird, perhaps Paul wants to average down? I wouldn't.

Digital Globe Services – full-year results it’s “pleased to report”, shares down a further more than 17% in response…

Published 107 days ago

“Digital Globe Services (DGS), a leading provider of digital marketing solutions for large, consumer-facing organisations, is pleased to report its final results for the year ended 30 June 2016”. Hmmm, the shares are currently more than 17% lower, at 38p, in response…

Why Centrica Is Not Centrical to My Share Buying Agenda

Published 107 days ago

Hello Share Screamers. It's quite a few years back now that I made a juicy packet out of my Centrica (CNA) shares, first bought in a government share-buy scheme. Seems centuries since we had those tempting offers, doesn’t it? Ever since I sold those shares, I can report that they have not done particularly well. The big problem with Centrica (CNA), which trades as British Gas, is the growing competition.

 

Journey Group – as shares fall back on takeover being voted down, a speculative buy?

Published 108 days ago

On a 240p per share recommended takeover of Journey Group (JNY), I recently concluded that the offer was not attractive but that Harwood Capital looked to be in a strong position to, unfortunately, win the day. A Court Meeting to approve the takeover was held earlier today and…

Optibiotix: sole broker, warrants, de-merger, share price

Published 108 days ago

We have been asked a few questions about Optibiotix (OPTI), none wildly important and so let's wrap them up into one article, in Q&A format.

Audioboom – agreement for investment from China “not yet been reached”, surely not to be cash crunch ahoy AGAIN!

Published 108 days ago

On 5th August Rob Proctor, CEO of spoken word audio platform Audioboom (BOOM), was “pleased to report that Audioboom has made further tangible progress in H1 2016, growing revenue, securing significant new content partners and further broadening its geographic distribution”. However, the financials showed it was cash crunch ahoy. Less than an hour later it was placing ahoy and there is now a “Strategic investment discussions update”

Concepta - manufacturing deal signed in China: launch now very close: URGENT warrant deadline

Published 108 days ago

We tipped these shares at a 12p offer - they are now 19.5p-21p but hang on tight. We aim to be selling at 25p+ very soon. But before then an urgent reminder for long term holders: warrants! Deadline 6 October.

BOS Global – Shocking “Fintech RTO” debacle: Case-study No 2

Published 109 days ago

Commenting on Silver Falcon’s nonsense RTO earlier (HERE), got me thinking about my old friend BOS Global (BOS) that recently completed its “Fintech” RTO and in digging around, I uncovered some comedy gold.

Silver Falcon – Shocking “Fintech RTO” debacle: Case-study No 1

Published 109 days ago

It’s no great surprise to me that Sub-Standard Shocker XI member, Silver Falcon (SILF) called off its potential RTO with Fintech business, Lime Holdings, on Friday but it’s still worth highlighting a couple of aspects of this disappointing affair.

Notes from Underground: Sinko de Mayo

Published 109 days ago

I see the  nutters on Twitter going on about as the share price of some company or other that ShareProphets investigates continues to rise, we're obviously idiots who don't know how to do the only important thing in life - fill yer boots.

Petropavlovsk Interims - buy

Published 110 days ago

Half-year results from Petropavlovsk (POG) emphasise a return to profitability, though also reiterate that for the full year “expectations to be at the lower end of our original guidance of c.460,000-500,000oz” and net debt of $598 million.

Tungsten still a stonking short

Published 110 days ago

Tungsten Corporation (TUNG) shares have had a good run since July, rising over 50% to hit 70p this week. At today’s 67p the market cap is £86 million. That is way too high for a company forecast to lose £12-14 million on sales of £30 million in the year to April 2017.

Boxhill Technologies: Interims out – no I-Spy certificate for me!

Published 110 days ago

Following my recent I-Spy interims preview of Boxhill Technologies (BOX) HERE, interims were announced on Thursday, so it’s time to work out whether I managed to tot up 1,000 points and can apply to Big Chief I-Spy for my certificate.

A hot share tip Friday at 2PM for just a fiver... and its not Deutsche Bank

Published 111 days ago

Well as it happens Germany's largest bank is a stock where we have a clear view: SELL! It is in dire straights but its shares still look hugely overvalued. So that is a free tip from us: short Deutsche.  But that uncertainty has created other opportunities in the market and we have one such opportunity for you coming up on Friday 30th September (tomorrow) at 2 PM sharp.

Zamano – mobile network operator changes, again TIMBERRR!

Published 111 days ago

Having earlier this year gone from “positive performance in revenue & profit” to group contribution margins “lower”, Zamano (ZMNO) stated in late August half-year results “we anticipate an improvement in operating performance during H2 2016 thanks to H1 advertising spend and continuing strong UK sales performance”. Now, it's updated that this anticipated improvement “will not be achieved”. And there’s worse...

Tom Winnifrith Bearcast - Moron investors in the Cloudtag fraud feel on top of the world

Published 111 days ago

I start with the woes of Deutsche Bank and Commerzbank. Then on to why dogs leave it to the last minute to report results. As such I look at Strat Aero (AERO), Vislink (VLK), IGAS (IGAS), and Wolf Minerals (WLFE). I touch on Inspirit (INSP) as it runs out of cash and is - I gather  - not paying suppliers. I then look at the two frauds: Highlands Natural Resources (HNR) and Cloudtag (CTAG) where the morons are as happy today as the Quindell (QPP)  Morons where when those shares hit 650p. How the morons laughed at the silly old bears as they told us that £20 was on the cards. But of course those backing the Cloudtag fraud insist that it will be different this time. 

Vislink – half-year results, TIMBERRR!

Published 111 days ago

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…

Nyota - is it bust yet? Real pain for those who fell for the recent ramping

Published 111 days ago

Nyota Minerals (NYO) shares have been pushed ahead in recent days and weeks by the usual insane ramping that typifies the bottom end of the AIM Casino. Today came reality - final results which showed how the former management led by Richard "piggy" Chase had spunked all the cash. Those mugs who paid up to 0.07p in recent days must be feeling rather sore with the shares at 0.045 to sell... and still falling.

San Leon at 44.75p - worth 101p to 120p says SP Angel in 100 page report ( you aren't meant to read, peasants)

Published 111 days ago

Don't tell the compliance officer round at SP Angel that we have published this as he ( or she, I know not) is a dickhead who reckons that the fine research from that broker should go to institutions only and not peasants like you. But Zac "the knife" Phillips has today published a 100 page report on San Leon (SLE) in which he notes that the shares, now 44.75p after results this morning are worth 101p to 120p. We own the stock so are minded to agree that the shares are very cheap although Zac is perhaps a tad more optimistic than we are. 

WANdisco – talks (in meaningless platitudes), as the CEO walks...

Published 111 days ago

Following an announcement of the appointment of a new CFO earlier this week, yesterday saw provider of cash-burning solutions, sorry, of “enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability”, WANdisco (WAND) make a further “Directorate Change” announcement…

Crawshaw – half-year results; is it able to restore material, positive trading momentum?

Published 112 days ago

Writing on fresh meat and food-to-go retailer Crawshaw (CRAW) post a profit warning earlier this month, I concluded that the context meant the severe share price decline, to a then circa 44p, looked merited and the shares best avoided – see HERE. The following updates, with the shares currently at sub 35p, on the back of results for the company’s half year ended 31st July 2016…

Strat Aero caves into Hulsey Smith having again lied to its investors

Published 112 days ago

Someone who invested in its last bailout placing told me that he did so because Strat Aero (AERO)'s lawyers had convinced him that it would wipe the floor with litigant Hulsey Smith who had accused Strat of serial fraud. He reckoned the shares would zoom when Strat won the case. Sucker!!!!!! But he is not alone. Strat told all investors via RNS that Smith had no case at all and that it was to counter sue. So today, as the trial loomed, it has caved completely. Er yes. Another lie from a company that is clearly run by pathological liars;. 

NWF Group – AGM trading update reckons outlook “remains in line”, but is a profit warning ahoy?

Published 112 days ago

An AGM trading update from UK agricultural and distribution group NWF (NWF) includes that “the board's outlook for the year remains in line with its expectations”. The shares are currently 5% lower, at sub 150p, in response. Hmmm…

Porta Communications: Top PR woman Emma Kane & some really dodgy looking share dumping

Published 112 days ago

I like Emma Kane the boss of PR agency Redleaf which is 66% owned by AIM listed Porta (PTCM) a lot, but she has a hell of a lot of explaining to do with regard to how she dumped millions of shares just days before today's diabolical results from Porta

21st Century Technology – half-year results admit “liquidity issues”! …

Published 113 days ago

Technology provider to the transport industry, 21st Century (C21) has announced results for the first half of 2016 including that “there are a number of positive initiatives happening within the group”. The following updates with the shares currently remaining slumped at 1.625p…

Absolutely shite LGO Interims - its another placing ahoy already!

Published 113 days ago

Half year numbers from LGO Energy (LGO) are absolutely appalling. There was a placing at just 0.1p last week, another one is imminent. The numbers just do not lie. It is hard to know where to start but lets go with output and sales....do you remember when LGO used to be producing 2,500 bopd and promising 4,000 bopd: how things change.

Nature Group – “pleased to announce” results as shares slide on another ludicrous statement…

Published 113 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? …

Wishbone Gold Placing - not in the script at all

Published 113 days ago

I apologise to one and all over Wishbone Gold (WSBN) which has today completed a £600,000 placing at just 0.75p with broker Belfort Securities handing out shares to spiv bucket shop flippers. This was not on the script and I cannot recommend a purchase of the shares at 1.15p-1.2p. That the shares are up a tad today but fell in the run up to his placing tells you everything you need to know about forward selling on the AIM casino, especially when the broker is Belfort.

Eden Research - Rum & Coke Interims - when will the Terpenetech FRAUD be conceded

Published 114 days ago

AIM listed long time fraud Eden Research (EDEN) has posted half calendar year numbers which are as dismal as ever - this is a company whose retained losses after twenty one years are now £34.145 million. After 21 years of promising ever more jam tomorrow Eden is still reliant on fraud to keep going.

MediaZest – “New business update” announcement sees shares soar. Hmmm…

Published 114 days ago

At 3:48pm (why?) yesterday it was announced that “MediaZest (MDZ), the creative digital audio visual company, is pleased to update shareholders with more detail on recent business wins”. The shares responded more than 18% higher to 0.1625p. Hmmm…

Premaitha - new loan facility - this is the start of more good news: Buy

Published 114 days ago

Apologies for the delay in commenting on this RNS which landed on Friday. We wanted to speak to Adam Reynolds and we have now done so. This is just the start of the good news and ahead of results tomorrow Premaitha (NIPT) shares are a buy.

Boohoo goes from “not wildly overpriced” to “looks rather overpriced”

Published 114 days ago

Shares in boohoo (BOO) have continued to storm higher since I covered them last month, and have crossed the psychological 100p mark on an intraday basis following the release of today’s interim results. With a £1.1 billion market cap, it is perhaps time to get off this particular train.

XCite - Almost total wipeout confirmed - shares worth 0.2p (at best) not 2p

Published 114 days ago

Well you cannot say that you were not warned. Another day and another former darling of the Bulletin Boards goes up in smoke. XCite Energy (XEL) has given us details of its restructuring. Ouch.

Alternative Networks – offers only vague near year-end profit warning attributed to EU referendum of more than 3 months ago! ...

Published 114 days ago

UK business IT and communications service provider, Alternative Networks (AN.) has made a “Trading Update” announcement including under a first bullet point “some project completions will be delayed beyond the year end”. Uh-oh…

Gattaca – update as shares in the former Matchtech Group continue to slide

Published 115 days ago

Having, last writing on Matchtech Group, suggested a small, speculative buy with the shares then recovering to above 350p (see HERE), I now update following a few subsequent announcements from the company and the shares falling from above 387p less than a week ago to currently sub 340p…

Zoopla - Share sales point to likely overvaluation

Published 115 days ago

Zoopla (ZPLA) shares have performed brilliantly over the past few months, rising from a low around 230p to the current 320p, for a mighty market cap of £1.37 billion. As some highly knowledgeable shareholders lighten their holdings, it might be worth others considering whether such a market cap is truly justified.

Goldplat – full-year results, a gold recovery buy?

Published 115 days ago

Outgoing Goldplat (GDP) Chairman Brian Moritz considers it “a pleasure to be able to report an improvement in both the production and profitability of Goldplat, led by the recovery operations”, though the shares are currently unchanged on the day at 5.75p…

SpaceandPeople – half-year results suggest it’ll be profit warning ahoy!

Published 115 days ago

Shares in shopping centre and other high footfall venue promotional and retail company SpaceandPeople (SAL) currently trade approaching 30% lower, at well below 30p, on the back of its results for the first half of 2016. Let’s take a look…

Malcolm's Magnificent Seven Ride Again

Published 115 days ago

Hello Share Shakers. If, like me, you enjoy old-fashioned goodie versus baddie Westerns, then you’ll enjoy the rollicking remake of the Magnificent Seven. Not the same calibre of stars as the old 1957 classic, though. No Yul Brynner, Charles Bronson or Steve McQueen, but very entertaining nonetheless. The film has inspired me to choose my own Magnificent Seven.

Tom Winnifrith Bearcast: Donald Trump & The Stockmarket

Published 116 days ago

The first Trump Clinton debate is tomorrow and here's hoping for a knockout for The Donald - I am just so glad that Gennifer Flowers will be in the front row as I explain HERE.  But what does a Trump win or a Clinton win for that matter mean for the stockmarket? I am a market bear and selling my shares as I explained yesterday HERE. Does who wins the US General Election make any difference? I discuss this in detail.

Shock RNS sees Newmark cut back to 1.4p, from bad to worse

Published 116 days ago

When I initiated coverage on this website of Newmark Security (NWT) in May, little did I expect that it was about to release a set of profit warnings which would see the share price more than halved! But unfortunately, that is indeed what has happened.

EVR Holdings – How to make money out of a Chris Akers stock

Published 116 days ago

EVR Holdings (EVRH) has shown impressive share price growth since coming to market via an RTO in May earlier this year increasing from 1.1p to 2.95p at close on Friday so I thought it was time to review the stock and use it as a case study to show how one can make money out of company connected to Chris Akers.

Notes from Underground: Bear with us

Published 116 days ago

You'll notice that Tom has written the top 23 articles this week and recorded a Bearcast daily plus several Postcards on his personal site. This is what Tom calls 'paternity leave.'

A few thoughts ahead of AG Barr’s interims (and why broker ratings should be ignored)

Published 117 days ago

I covered IRN-BRU maker AG Barr (BAG) last month, discussing why I thought the company was fundamentally sound despite some recent headwinds. Today, I’m coming off the fence and rating it as a Buy ahead of Tuesday's interim results.

Tom Winnifrith Bearcast - I'm selling shares ahead of a winter of discontent

Published 117 days ago

I refer to a podcast I did earlier on Dr King and Donald Trump HERE. Malcolm Stacey has today urged you to buy shares HERE. I am starting to sell FIML owned shares as I am now more bearish than I have been in a very long time. I take apart Malcolm's flimsy arguments but add in a number of other points to make, what I think, is a compelling bear case.

Begbies Traynor trading update - good but not great, but the shares are a buy

Published 117 days ago

Begbies Traynor (BEG) has updated on “satisfactory” trading in the first quarter of its current financial year and emphasised that “we continue to be confident of the prospects for the group”. And that makes the shares look cheap.

Why the Bouncing Bulls Will Continue to Savage the Boring Bears

Published 117 days ago

Hello Share Trimmers.  The markets are closed as I write, so let’s just take a look at the broadest picture possible when trying to predict if our shares will rise or fall. As you will have guessed this is a piece to encourage you in buying rather than selling in our golden game. 

Tom Winnifrith Bearcast - when will there be 10 billion LGO shares in issue?

Published 118 days ago

On today's bearcast I look at Jiasen (JSI) but have to speak quietly since Oakley may get the wrong idea when I discuss a dead cat bounce. I also cover Xtract Resources (XTR), Obtala (OBT), Corero (CNS), Toople (TOOP), GCM Resources (GCM) and in some detail LGO Energy (LGO)

Brady plc – review as it’s boardroom change ahoy

Published 118 days ago

Having chatted to him in May, I was surprised to see an announcement earlier this month that “after nine years Gavin Lavelle has decided to pursue new opportunities and has stepped down as CEO” of Brady plc (BRY). The company has now also announced that founder Dr Robert Brady has stepped down as a non-executive director. Hmmm…

Bond International Software – recommended offer, but is it the end of the story?

Published 118 days ago

Having on 12th September been “pleased to announce the sale of its Recruitment Software subsidiaries”, Bond International Software (BDI) has announced that it is now instead recommending an increased takeover offer from largest shareholder Constellation Software…

Lost Track of Old Shares? Here's My Dilemma

Published 118 days ago

Hello Share Baggers. If you buy as many penny shares as I do, I dare say you have lost track of a few of those you thought were so badly hit that they were no longer worth cashing in. But what happens to these lost shares?

Tom Winnifrith Bearcast: Xtract Resources a non cash shell ahoy? P45s for Steve Moore & Gary Newman

Published 119 days ago

Thanks to Steve Moore and Gary Newman we own shares in Xtract Resources (XTR). Both deserve P45s for that. I discuss this disaster as well as another hole in the ground in Bongo Bongo land which stinks - Armadale Capital (ACP). Then it is onto Newmark Security (NMT) - Graham Neary hang your head in shame for this exercise in nepotistic value destruction - before I look at Gulf Keystone (GKP) and the administration waiting to happen that is Avanti Communications (AVN)

eg solutions – half year results show marked declines… & so emphasise lashings of jam tomorrow

Published 119 days ago

Having warned in June that “first half trading performance and cash generation will be lower than previously anticipated”, eg solutions (EGS) has now announced the results for its half year to end July 2016…

Xtract Resources – The end of Chepica as the Jan Nelson era draws to a close

Published 119 days ago

Xtract Resources (XTR) reminds me of someone after a massive night out, no doubt drunk on the promises of Jan Nelson, being held upright by the more sensible friend, Colin Bird, as it stumbles from pillar to post on the way home, desperately close to falling in the busy road.

NetDimensions – do half year results offer positives following July warning?

Published 119 days ago

Having warned in July of “delays in deal roll-outs affecting revenue growth”, NetDimensions (NETD) has now announced results for the first half of 2016…

Science in Sport: Cashed up and ready to go

Published 119 days ago

I tipped Science in Sport (SIS) last month following the announcement of an exciting tie-up with Liverpool FC. This morning sees the release of the company’s interim results, confirming excellent progress made and with good omens for future profitability.

Berkeley LOI - look at the proposed pricing!

Published 119 days ago

Berkeley Energia (BKY) has announced it has signed a Letter of Intent relating to the sale of the first million pounds of production from its Salamanca uranium project – with an average contemplated price of above $41 per pound comparing with the current spot price of around $25 per pound. Way to go!. No wonder we are c150% up on this share tip!

Thalassa Holdings – What the hell is Duncan Soukup up to?

Published 119 days ago

Until quite recently, I was contemplating Thalassa Holdings (THAL) as a rare buy pick for me; however, further digging, particularly around the antics of the Executive Chairman, Duncan Soukup, and the recent odd investments have led me to precisely the opposite conclusion.

Fitbug – half-year results claim “encouraging progress” & “confident”. Really?

Published 119 days ago

Fitbug (FITB) has announced results for the first half of 2016, including claiming that its “strategy has seen encouraging progress… with our additional working capital and reduced levels of debt following our successful fundraise in July, the board is confident as to the company's future prospects”. The shares have lapped it up by approaching 12%, to 0.28p, but is there really “encouraging progress” and ‘confidence’ here? ...

French Connection - Is It Safe?

Published 120 days ago

It’s time for another reference to share blogging supremo Paul Scott, who wrote in some detail on the subject of French Connection yesterday. While I share much of his perspective on this, I wonder if the bulls here might not be overly confident in their belief that the company is safe.

Cenkos profits dry up, shares offer a counter-cyclical proposition

Published 120 days ago

Cenkos (CNKS) attracted plenty of criticism on this website over its dealings in the the Quindell saga. Whatever the rights and wrongs of that case, it’s still worth looking at the company as a standalone investment. It has been profitable every year since listing in 2005, and over that time has produced an unusually attractive stream of dividends and buybacks.

Bonmarche – profit warning, performing poorly in all weather...

Published 120 days ago

Womens value retailer Bonmarche (BON) has announced it has followed a “generally poor summer season” with “extremely poor” trading in September – stated to be “largely as a consequence of the unseasonably hot weather which has not favoured sales of our new autumn ranges”. Hmmm…

Safestyle Interims - on track with this share tip

Published 120 days ago

Safestyle UK (SFE) has announced results for the first half of 2016 and that it“remains confident of making further progress and delivering a full year outturn in line with management expectations”.

Avanti Communications - new evidence emerges of just how desperate is its cash crunch

Published 120 days ago

Ceteris paribus Avanti Communications (AVN) will be trading whilst insolvent within weeks - its cash will not be sufficient to meet contracted capex and bills payable. That is why it is delaying publishing audited results for the year to June 30th 2016 - no auditor is going to sign off on anything from what is an insolvency waiting to happen. Avanti is trying to hide the awful truth but industry sources are revealing its desperate measures to stay afloat.

Majestic Wine – review of a far from majestic “Trading Update”

Published 120 days ago

Specialist wine seller Majestic (WINE) has announced, despite its retail operations “trading on track”, Naked Wines UK and Australia performing “on plan” and “a return to growth for Lay & Wheeler”, that “EBIT for the current financial year ending 3 April 2017 is expected to fall below current market expectations”. Uh-oh…

Judges Scientific – interims show earnings down & suggest more such woe to come

Published 121 days ago

Half-year results from scientific instruments company Judges Scientific (JDG) include Chairman Alex Hambro “pleased to be able to report, for the eleventh consecutive year, record revenues and dividends”. The shares are currently more than 9% lower, at sub 1300p, in response. Hmmm…

Boxhill Technologies: An Interims preview – I-Spy style

Published 121 days ago

As a child of the ‘70s and ‘80s, I used to love the I-Spy books, so thought I’d liven up a potentially dull preview of Boxhill Technologies’ (BOX) forthcoming interims by writing it in the style of an I-Spy book.

Craven House Capital – More ridiculous deals that raise more questions than answers

Published 121 days ago

As Levrett (LVRT), that I commented on earlier, has got my blood boiling slightly, I need to get a few more matters off my chest relating to the oddest investment company on the London market, namely Craven House Capital (CRV) and its two most recent investments.

Levrett – What are you hiding, you jokers?

Published 121 days ago

I was going to pen a light-hearted piece about two of Sub-Standard Shockers XI going in to suspension last week leaving my team a bit short but one of them, Levrett (LVRT), has wound me up today so I’m going to go in a bit harder on that one squad member instead. Let me explain…..

DP Poland – half-year results; seeks to emphasise “EBITDA loss reduced”, but…

Published 121 days ago

The company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) has announced results for the first half of 2016 and the shares have responded back above 50p. Let’s take a look…

Avarae Global Coins – review of full-year results, tender offer & proposed delisting

Published 122 days ago

Avarae Global Coins (AVR) describes itself as “the UK's only publicly traded specialist company dedicated to purchasing, holding and selling rare and high quality coins”. If it gets its way, that is not to be the case for much longer…

Jubilee Platinum Dilokong Update - buy

Published 122 days ago

Jubilee Platinum (JLP) has provided an update on production from its Dilokong tailings project and construction of its Hernic project. 

SKIL Ports & Logistics: Insider dealing? Misleading Investors on AIM or just gross incompetence?

Published 122 days ago

Three years ago shares in AIM listed India play SKIL Ports & Logistics (SPL) were c90p. A year ago they were 40p before rallying to 85p in February 2016. On Friday they fell sharply from 22p to 20p. Did someone know something? Yes they did. At 4.32 PM, after hours, there was a shocking warning.

Adgorithms – is again “pleased to report”, but again the shares head materially lower…

Published 122 days ago

Adgorithms (ADGO) “is pleased to report half year results for the six months ended 30 June 2016. In the period, the company delivered revenues of $8.7m, and adjusted gross profit of $2.2m”. Sounds promising, but what? The shares currently down 25% to sub 20p. Hmmm...

Bank of England set to buy debt in Apple - There’s no real safety in our financial system merely the illusion of safety.

Published 122 days ago

Switzerland's central bank now owns more publicly-traded shares in Facebook than Mark Zuckerberg. The tech giant's founder and CEO has other non-publically traded share classes that he controls the company through, but this example illustrates just how the Swiss National Bank has become a multi-billion-dollar equity investor due to its campaign to hold down the Swiss franc and all bought by its ability to print money from nothing and then use it to buy everyday real companies. It is now the world's eighth-biggest public investor, data from the Official Monetary and Financial Institutions Forum show.

Cash strapped Slater & Gordon tries to get £50 million from Watchstone with legal threat

Published 122 days ago

Aussie poltroon Slater & Gordon (SGH) has finally woken up to the fact that the Quindell businesses it bought for £647 million last year were worthless frauds and as such it has today said it is taking legal action against Watchstone (WTG), the renamed Quenron corporate entity. I fear the Aussies are merely throwing a Hail Mary pass and that its case is doomed. Its shares are not 95% down since the deal at just 40 cents for no reason.

Sirius Minerals will offer cheaper buying opportunities

Published 122 days ago

Sirius Minerals (SXX) has made good progress with its polyhalite fertiliser project so far and ultimately it will also be of benefit to the UK economy, but I struggle to see the share price going much higher in the shorter term.

It's time to buy Randgold Resources for a continued gold bull run

Published 123 days ago

Gold has been showing signs of weakness but I am yet to be convinced that this is justified and I think the market has over-reacted, which means that there are some good opportunities around for gold bulls.

Kefi - Operational Update and share price slide - what gives?

Published 123 days ago

The news has been good but the shares have slid. Conclusion? Average down at 0.46p to buy. First to the news from 5 September, an operational update. We will get another next month.

Notes from Underground: I'm in! Where's my free money?

Published 123 days ago

Earler this week, I had an appointment with the Home Office in beautiful Croydon to determine if I may stay in the country. Tom immediately set out a call to readers to convince Amber Rudd that I should be deported immediately.

Tungsten Corp – claims “a positive start to its new financial year”, but how positive really?

Published 124 days ago

Tungsten Corp (TUNG) has announced at its AGM “a positive start to its new financial year ending 30 April 2017”, though the shares have responded approaching 4% lower to 61.25p. Hmmm, let’s take a closer look...

Brainjuicer: One of AIM's best-kept secrets?

Published 125 days ago

The title is something of an exaggeration but I note the general lack of interest in Brainjuicer (BJU), one of the more interesting businesses on AIM. The company’s H1 results announced today show profit increasing at a mere 38% pace, so perhaps they deserve a little more attention!

Sabien Technology – “£750,000 placing to continue growth strategy”, AKA to keep the lights on…

Published 125 days ago

Previously writing on Sabien Technology (SNT) in July, I noted its seeking to reduce the nominal value of its shares “in order to allow the company to issue new ordinary shares should it decide to do so”, concluding that somehow, I’d guess it would decide to do so! - see HERE. Today we have an announcement of “£750,000 Placing To Continue Growth Strategy”...

Solo Oil Placing at 0.18p to raise £2 million - am I ffing psychic or not?

Published 125 days ago

Eight days ago I predicted that Solo Oil (SOLO) would need to do a placing and suggested that 0.18p was the likely price. Well knock me down with a feather duster but it has today announced a placing to raise £2 million ( lets call it £1.85 million net) at, cue drum roll.....0.18p. Genius or what? Of course Solo is still rubber ducked as I shall explain. The shares at 0.23p remain a sell.

Highlands Natural and that "institutional Investor" ( ie spiv) at it again

Published 125 days ago

The management of Highlands Natural Resources (HNR), notably Paul Mendell, still refuses to answer serious questions about their CVs or about RNS Statements made by Highlands that are simply not true and that silence should make any sane speculator run a mile. Meanwhile it continues with the pretence that it has found an institutional investor who should by now own 30% of the company but in fact owns no shares. Confused? Let me explain.

Intercede – from “well positioned for future growth” to trading “below expectations” in just over 3 months…

Published 125 days ago

Intercede (IGP), a software and service company specialising in jargon to describe what it does (sorry, specialising in “identity, credential management and secure mobility”) has announced it “has had a slow start to the current financial year and is continuing to experience delays in the receipt of anticipated MyID license orders from both new and existing customers”. Uh-oh…

Vipera – if at first they aren’t as receptive as you’d hoped, announce the news again! ...

Published 125 days ago

After an announcement last week claiming an “exciting development” in the French market helped shares in the company higher to 5.25p, we’ve this week had another announcement from Vipera (VIP); “Broadened Customer Engagement Solutions Offering”. Hmmm…

Fairpoint down again, but still worth considering or should I be sacked?

Published 126 days ago

Having last covered professional services group Fairpoint (FRP) in May, I gave the company a “tentative BUY” rating at 128p. With the shares now sitting at 96p after today’s interim results, investors are clearly unimpressed so far. Should I be sacked?

IndigoVision – half-year results suggest potentially good value

Published 126 days ago

Despite the company arguing that “results for the first half of 2016 are a strong improvement on 2015”, shares in video security systems group IndigoVision (IND) are currently more than 5% lower, at 150p, on the results announcement. Let’s take a look...

The Chairman's Blog 14: Sir Benjamin Dover of Global Mining Endeavours celebrates as the Daily Mail brings home the bacon

Published 126 days ago

Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be candid in his approach. Blog number fourteen....

Crawshaw – following a more than 8% share price fall yesterday, a profit warning today! …

Published 126 days ago

“Trading update” announcement from fresh meat and food-to-go retailer Crawshaw (CRAW) includes in the first paragraph “suppressed footfall patterns caused by a combination of the international football, adverse weather and Brexit… persisted”. Uh-oh…

Atalaya - another detailed broker note you peasants are not meant to see: Mirabaud sees 98% upside

Published 126 days ago

Another detailed broker note intended for sophisticated institutional investors not the great unwashed of the private investor community falls into my lap. A fucktard compliance officer earning as much as five NHS nurses, may soon force us to remove it but ahead of then, Mirabaud has cut its target price for Atalaya Mining (ATYM), formerly EMED, from 192p to 175p but with the shares at 88p that still offers 98% upside.

Goodwin – a 2:40pm “Interim Management Statement” = intra-day profit disappointment

Published 126 days ago

Following Sepura, the intra-day profit disappointment continued (although to a much lesser degree) with a 2:40pm announcement from engineering company Goodwin (GDWN) – this including notice of a current year first quarter (to 31st July) pre-tax profit down £0.75 million from the corresponding 2015 period, to £3.05 million...

I'm struggling to see any value in Kodal Minerals currently

Published 126 days ago

Lithium is one of those commodities where its mere mention seems to be enough to send the share price of smaller companies soaring, often to crazy levels compared to the actual news.

K3 Business Technology - more than decent prelims, leaves us c130% up on share tip but more to go!

Published 127 days ago

K3 Business Technology (KBT) has announced results for its year ended 30thJune 2016 and we’ve had a chat with management. The shares are ahead on the news to 343-352p. Not bad given we tipped this at a 149p offer

PureGym to float: Implications for The Gym

Published 127 days ago

I’ve written on this website in gushing terms on the disruptive business model being operated by The Gym (GYM). However, I mentioned before that it has “one larger competitor”. That competitor is floating on the LSE and so it is perhaps not surprising to see The Gym shares slipping on the announcement.

Sepura – less than 2 months after bail-out fundraising, a profit warning extraordinaire!

Published 127 days ago

After 4th April 2016, “adjusted EBITDA lower than expectations… possibility of covenant breaches”27th April; “short term cash constraints… ongoing discussions with stakeholders regarding liquidity and capital structure” and 27th June “management actions taken to revise business model - impacting FY17 financial performance”, a now 12pm “Trading update” announcement from Sepura (SEPU). Uh-oh…

Clear Leisure: a classic Pump and Dump – all involved should be embarrassed

Published 127 days ago

Surprise, surprise, Clear Leisure (CLP) announced a placing this morning at 0.9p following a rampfest from the time it announced its Operational Update on Monday morning. All involved should hang their heads in shame. Let’s look at the textbook P&D in closer detail.

Driver Group – confirms a second half year return to profit, so why are the shares crashing again?

Published 127 days ago

Construction and engineering industries consultancy group Driver (DRV) “is pleased” to confirm a return to profit during the second half of its year ending 30th September on turnover expected to be roughly 7% ahead of that recorded at the interim stage. The following though reviews, with the shares currently more than 11.5% lower, at 42p...

The Chairman's Blog 13: Sir Benjamin Dover of Global Mining Endeavours takes advice from Jim at The Tax Dodger's Return

Published 127 days ago

Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Blog number thirteen...

EU Supply – does “Renewal of agreements” announcement merit the further share price gain?

Published 127 days ago

Shares in EU Supply (EUSP) are again on the rise – currently more than 8.5% higher at 11.125p – on the back of a “Renewal of agreements” announcement. Let’s take a look…

Primark Pack 'Em In - But I'm Not Convinced the Shares Are a Bargain Buy

Published 127 days ago

Hello Share Scorchers. My family is addicted to Primark stores. They will travel 60 miles just to go to our nearest one in Swansea. But it’s not my favourite shopping experience because its establishments are usually absolutely chocker with buyers. Not that Primark is not well equipped to serve them well, with a workforce of 60,000 across 300 stores in 11 countries. You didn’t think it was that big, did you?

Enteq Upstream – AGM update on company & industry positions

Published 128 days ago

Having slid back towards 12p following a June announcement of results for its year ended 31st March 2016, shares in oilfield services technology and equipment supplier, Enteq Upstream (NTQ) are currently steady at 16p on the back of an “AGM Statement” announcement, which includes an update on current conditions in the industry…

Cautious Ocado Statement sees shares slipping, shorters holding on for the win

Published 128 days ago

In my preview of Ocado’s Q3 trading statement, I suggested that the market cap was probably just too big. The statement released this morning is a win for the shorters as the shares retreat 14% to 276p.

Kefi at 0.45p worth 1.5p says broker Ambrian in 23 page note you peasants are not meant to see

Published 128 days ago

I am warned that this note is only meant to be seen by institutional clients of Ambrian not for peasants like you so no doubt some fascist fucktard of a compliance office will force me to remove it in due course. So feel free to download it and share with everyone you know just to piss off the City jobsworths. We own shares in Kefi (KEFI) so naturally I am biased. Ambrian acts for Kefi so it is biased too. With those big caveats, this is a good note IMHO.

Goals Soccer Centres – half-year results, recovery well underway?

Published 128 days ago

Goals Soccer Centres (GOAL) has announced results for the first half of 2016, emphasising “recovery well underway”. The following updates with the shares currently unchanged at 108.5p on the announcement…

Sub-Standard Shockers XI September update – bottom of the league form

Published 128 days ago

With the football season now in full flow, it is appropriate to assess the full squad’s performance to-date. Unsurprisingly, but still disappointingly, none of the squad is fit to even tie the shoelaces of Robbie Savage let alone play in the Premier League, but will the FCA do anything about it?

HaloSource – half-year results claim ‘optimism for the future’, but is there?

Published 128 days ago

HaloSource, Inc. (HALO) has announced results for the first half of 2016 emphasising that a “new technology platform, coupled with our focus on penetrating the fast-growing Reverse Osmosis markets in China and India continues to reinforce the optimism we feel for the future performance of the business”. In response, the shares are approaching 14% lower, at 3.125p. Hmmm…

InterQuest & Avesco – share tip of the year updates

Published 128 days ago

Since previously updating on my share tips of the year last month – see HERE, both have had significant news…

MP Evans still pumping out green oil despite a few problems

Published 129 days ago

Since I last covered MP Evans (MPE) in May, there has been no lack of drama on AIM. But if you just wanted to own a decent business, collect a few dividends and sleep somewhat soundly at night, you could have done a lot worse than buying into this company.

El Oro – surely this isn’t the end of a real life Sir Benjamin Dover?

Published 129 days ago

A strange RNS from El Oro (ELX) last week but I’m praying it doesn’t signal the end for one of my more enjoyable biannual reads, namely the Chairman’s Statement from Robin Woodbine Parish.

Xcite Energy shares plunge 66%, smell the toast as we offer a ShareProphets translation service

Published 129 days ago

We warned you often enough. When companies have no revenue, are burning cash, have no cash and are drowning in debt, things are not going to end well for shareholders. On the back of an RNS today, mug punters have taken such an almighty rogering that I hear that in Bulletin Board Moron land the shops have already run out of vaseline. So here is a ShareProphets translation service of that RNS (our words in bold).

Tom Versus Malcolm. The Big Refugee Row Boils On.

Published 129 days ago

Hello Share Twiddlers. Well, that didn’t work did it?  I had no support among the folk who kindly commented on my weekend piece which urged wealthy shareholders to make a contribution to prevent starving in Calais. And Tom wrote a detailed piece disagreeing with me. And it’s true that the Calais folk are mostly migrants from countries which are not being bombed. It was easy to construe from my piece that they are nearly all from Syria, but this is certainly not the case, and I regret not making this clear.

I don't see further share price upside for Fishing Republic from here

Published 130 days ago

As someone who works in the fishing tackle industry as my day job, and have done so for nearly 20 years, I watched with interest as the first retailer in the sector floated on the AIM market last June.

Ocado Preview: London’s 3rd most shorted stock

Published 130 days ago

The Ocado (OCDO) share price remains volatile, as investors try to figure out whether this unusual business is headed for success or failure. Short interest remains incredibly high, and currently represents about 17.5% of shares outstanding, making it a top 3 bear target in London! Let’s take a look in advance of next Tuesday’s Q3 trading statement.

Inspirit Energy - if it is out of cash by end October is it placing ahoy (Again)

Published 130 days ago

On May 17th 2016 Inspirit Energy (INSP) raised £750,000 gross ( call it £700,000 net) at 0.5p per share but since then the news from the boiler room has been limited. The shares have tanked to just 0.29p and, worse, still, basic maths suggests that the jam tomorrow producer will be out of cash again within weeks. Is it placing ahoy? Methinks yes. Here are the maths.

Gable Holdings...to lose one NED is excusable to lose three looks careless

Published 130 days ago

At 11.40 AM on Friday Gable Holdings (GAH) slipped out an RNS with the harmless title "Board changes". Its contents, however, suggest this company is now toxic.

Wishbone - why I am certainly not selling now : the maths are compelling

Published 130 days ago

We are almost 200% ahead on our investment in Wishbone Gold (WSBN) with the shares at 0.815p and I must admit that in recent weeks, I have, several times, thought about banking a few gains. But then came Thursday's statement from the company and I did the maths again - am I mad? This stock could still be extraordinarily cheap. Hear me out before you send for the men in flapping white coats.

Notes from Underground: Drop the Dead Donkey

Published 130 days ago

In the next 11 days we will be in Court at least once (snake oil salesman Darren Winters Round 5) but perhaps more of African Potash makes Tom a happy man and sues him for libel. He says he really does want to "see the Potash bitchez in Court!" For those company executives who consider legal letters journalists as a way of dimming pesky sunlight, I'd like to quote a bit of an article ShareProphets linked to last week. It's regarding Theranos, the once sky-high medical diagnostics firm that has had quite the fall to Earth.

Will success with the drill sustain the Hurricane Energy rise?

Published 131 days ago

It was great to see Hurricane Energy (HUR) announcing the completion of another successful well at its Lancaster field, as it has been a company that I’ve been a fan of for sometime.

Papillon Holdings – a shocking deal even by the Sub-Standard Shockers XI standards!

Published 131 days ago

I first wrote about Papillon Holdings (PPHP) when it joined the Sub-Standard List back in June (HERE) assessing whether it was “fit” enough for the squad. Well, I had no reason to worry as a mere three months later, it has issued an appalling RNS which will have the inevitable disappointing long-term consequences for shareholders.

Speedy Hire – 1 round each in the General Meeting dust-up with Toscafund

Published 131 days ago

Following a largest shareholder (Toscafund)-requisitioned General Meeting, Speedy Hire (SDY) “is pleased that shareholders strongly support Jan Åstrand's position as Chairman and welcome David Shearer as a director”

What's going on at Game? Bankruptcy looming again? Or a screaming buy?

Published 131 days ago

It doesn’t seem long ago that Game (GAME) went into administration. Amazingly, the company floated again within a very short period of time, and since then the share price has again been hurting investors. Could history be set to repeat itself?

Eagle Eye Solutions – “strategic board changes to capitalise on future growth opportunities”. Hmmm…

Published 131 days ago

With its shares having fallen from over 200p in February (when I noted scepticism HERE) and 164p in June (when I warned again HERE) to sub 100p, digital promotions technology group Eagle Eye Solutions (EYE) has now announced “strategic board changes to capitalise on future growth opportunities”. Hmmm…

Victoria - The Never Ending Success Story

Published 132 days ago

Excuse the title, but it seems to represent the state of play at Victoria plc (VCP). The company held its AGM this morning and accompanied it with a statement to shareholders to the effect that everything is fine. Not bad for a stock which has been an 8-bagger in just two years!

Hornby – current trading “in line”, but is that of any real significance? ...

Published 132 days ago

After trading disappointment thus far in 2016, there is now an AGM update from hobby and toy products company Hornby (HRN). Let’s take a look…

Hurricane’s Lancaster Well – It’s Turtles All the Way Down

Published 132 days ago

Well maybe not all the way down but at least all the way down to 1646m TVDSS. Hurricane (HUR) has announced the results of its 205/21a-7 well and Robert Trice has to be really delighted with what they have found, not just PR delighted, They have proved mobile oil down to 1646m TVDSS about 240m below structural closure. This is really significant and I reckon using my trusty slide rule that could support an oil in place of about 1.3 billion bbls. 

Journey Group – what do half year results suggest about recommended takeover offer? …

Published 133 days ago

I wrote on provider of in-flight products and catering services to the airline industry, Journey Group (JNY) last month on a recommended 240p per share takeover offer - see HERE. I now update post publication of the company’s results for the first half of 2016…

$5 million profit in six months, $24 million NAV, £6 million market cap. Can Argo be trusted?

Published 133 days ago

This morning saw me reflecting on what may turn out to have been a lost opportunity with Argo (ARGO), an apparent value opportunity which I turned down some months ago. The shares up 25% today after the publication of interim results!

Monitise – FY results, claims “positive” client response, but then admits contracts taking longer to conclude than anticipated! …

Published 133 days ago

Monitise (MONI) has announced results for its year ended 30th June 2016 emphasising “substantial improvement” in second half operating figures and “FINKit®, our new business unit which enables banks and financial services organisations to transform their digital services, launched during the year generating initial revenues in the second half of FY 2016, and received a positive response from current and potential clients and partners”. Sounds good…

Obtala - this is non dilutive funding to grow, good news

Published 133 days ago

Rather than issue shares like confetti as most AIM Companies do and, indeed, as under its former management Obtala (OBT) used to do, this company is raising capital to expand in a non dilutive way.

The lapse of the Kiliwani option tells you Solo is right out of cash - placing ahoy!

Published 133 days ago

Earlier this week Solo Oil (SOLO) announced quite startling news - that it was to lapse an option to buy an additional 1.25% stake in the Kiliwani gas field a deal first announced back in February of this year. This leaves Solo's stake at 7.125% but begs very serious questions of Neil Ritson's floundering company. Is bankruptcy looming and is Kiliwani not living up to the hype?

Eckoh – CEO & Chairman buy shares, but of how much financial significance are these in context? …

Published 133 days ago

Following the shares having fallen more than 27.5%, to 35.5p, when I wrote on a “Trading Update” (i.e. profit warning) announcement from Eckoh (ECK) last week HERE, they had since continued falling – closing on 6th September at 32.5p. Now, “the company announces that on 7 September 2016, Nik Philpot, Chief Executive Officer of Eckoh, and Chris Batterham, Non-Executive Chairman of Eckoh, have both increased their shareholdings in the company”

Waiting patiently for a Joules buying opportunity

Published 134 days ago

Shares in Joules (JOUL) surged over the past few days in anticipation of the company’s annual results, issued today. They are indeed about as strong as anybody could have predicted.

EU Supply – half-year results, working capital looks tight…

Published 134 days ago

Having risen from just above 4p in the first half of June, shares in e-procurement SaaS provider, EU Supply (EUSP) are holding steady above 10p currently post its results for the first half of 2016…

Orosur Mining is one of the better gold plays on AIM

Published 134 days ago

When it comes to smaller AIM listed gold producers, then Orosur Mining (OMI) looks to be one of the better ones around...

Starcom – half-year results, “sufficient working capital”?

Published 134 days ago

“Starcom (STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people… (is) pleased to report the unaudited results for the six months period ended 30 June 2016”. The shares are currently more than 15% lower, at 3.375p, in response. Hmmm…

TrakM8 Trading Statement: More joy for myself, a bear, than for Paul Scott

Published 134 days ago

I am aware that Britain's top share blogger Mr Paul Scott is flying back from an extended Greek holiday this morning. When he lands at Gatwick and checks his smartphone he will see that shares in his beloved TrakM8 (TRAK) have dived by 10% today, to just 200p to sell after a piss poor trading statement. I hope Paul has some duty free ouzo for the Sheriff as I think he owes me an apology on this one. Hmmmmm I can almost smell the aniseed now...Scotty you know where to send it.

Tom Winnifrith Bonus Bearcast: Malcolm Graham Wood is a bent fat toad talking cock on Pantheon Resources

Published 134 days ago

I covered Pantheon Resources (PANR) twice on Monday in relation to Evil Knievil's dire trade HERE and in relation to its dire statement HERE. On iii shamed cash for copy tipster Malcolm Graham Wood has made the bull case for the shares. He is talking cock from start to finish and I take his comments apart one by one in this bonus podcast. 

Creston – does AGM statement give room for greater optimism?

Published 134 days ago

Most recently commenting on marketing communications company Creston (CRE), I concluded, with the shares then recovering towards 100p, that, although the valuation remained potentially attractive, an unpromising combination of factors saw me retain the caution that has served well since I previously wrote. The following updates with the shares currently at 101.5p on the back of an AGM statement commencing that “the group has had a positive start to the year”...

Reports of Ashmore's death were greatly exaggerated: keep buying

Published 135 days ago

Ashmore’s (ASHM) final results were announced this morning. They look pretty good to me, so I'm staying bullish!

Mobile Streams - “a significant initial milestone in India”, Really? …

Published 135 days ago

Shares in mobile media company, Mobile Streams (MOS) are currently more than 170% higher, at above 11p, on the back of an announcement that the company has reached 50,000 ‘active subscribers’ in India. Hmmm…

Table of shorted AIM shares - end August 2016

Published 135 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of August (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last month...

Gone Fishing: Should Investors be excited about Fishing Republic?

Published 136 days ago

One of the more curious recent entrants to AIM is Fishing Republic (FISH), which claims to be the largest fishing tackle retailer in the UK. At first glance, it doesn’t look particularly suitable for the public markets. But the shares have more than doubled since flotation, so investors certainly seem to be excited about it!

Speedy Hire – following ripostes, Toscafund seeks to streamline attack...

Published 136 days ago

Having hit out (see HERE and HERE), with ripostes from Speedy Hire (SDY) (see HERE and HERE) ahead of a 9th September General Meeting dust-up, Toscafund Asset Management has now sought to focus on what it considers “egregious corporate governance failings instigated by Jan Astrand” (the Speedy Hire Chairman it is seeking to remove)...

A little (inside) knowledge is a dangerous thing - Evil Knievil takes a bath on Pantheon Resources

Published 136 days ago

How do you lose money dealing on the "inside track" Ask bear raider Evil Knievil who has taken a monumental bath on Pantheon Resources (PANR) a company we again warn you about in bearcast today HERE.

Tern – “Issue of Equity” RNS = founder of Cryptosoft (now Device Authority) walks

Published 136 days ago

This morning AIM-listed jam-tomorrow investment company Tern plc (TERN) released an RNS bearing the title “Issue of Equity”, with the text starting with the subtitle “Exercise of Warrants”. All rather routine you would think (well, usually) and one might think that there was little to get excited about from an RNS announcing the exercise of 198,151 warrants at 2p a pop. I suppose that if I owned those warrants, I’d probably be fairly excited about getting around £20,000 of stock for around £4,000 but in the context of approx. 79 million shares in issue it’s not a hill of beans for the company. Oh, er, hang on….what’s this:

Vipera – “pleased to announce” half-year results, shares respond more than 10% lower...

Published 136 days ago

“Vipera (VIP), the specialist provider of mobile financial services, is pleased to announce its unaudited interim results for the six months ended 30 June 2016”. The shares are though currently 10.5% lower, at 4.25p, on the back of the announcement. Hmmm…

CloudTag – Just one more question, Amit, who is Massimo Ventimiglia; not worried about insolvency are you??

Published 136 days ago

Amit, as you were so kind to answer my last question relating to CloudTag (CTAG) as to when the revenue warning was finally going to come......by issuing a revenue warning on Friday, I thought I’d follow-up with a simple one. Why has Massimo Ventimiglia, who appears to be a hired-help, grim reaper of the corporate world been appointed the sole director of your main operating subsidiary, Cloudtag Active Limited. Surely can’t be because you’re worried about going bust, can it?

Reward could be worth the risk with Churchill Mining

Published 136 days ago

Many of you who put your hard earned money into AIM seem to love a boom-or-bust type of gamble, even when the odds aren’t in your favour!

Highlands Natural Resources - does it think we are stupid? Clearly its shareholders are...

Published 137 days ago

After hours on Friday came the announcement from Highlands Natural Resources (HNR) that all bar the stupidest folks on this planet, that is to say its own shareholders, knew was inevitable.

Notes from Underground: The last days of Hackney

Published 137 days ago

This is the final Notes from Underground written from the red republic of the London Borough of Hackney. 

Petro Matad - cash rich and going nowhere!

Published 138 days ago

Petro Matad (MATD) has been one of the worst performing AIM oil companies in recent years, taking into account both its operations and share price.

Earnings Preview: Buy Ashmore to take part in the EM recovery

Published 138 days ago

One of the dirty little secrets in the investment world is that fund management companies – and the very occasional spread betting company – can turn out to be fabulous investments. Investors can often do a lot better by buying shares in these companies than by using their products. In that spirit, let’s have a brief look at Ashmore (ASHM), which is set to release full-year earnings on Tuesday.

Avesco Trading Update - all looks good on this cracking share tip

Published 138 days ago

A strangely timed “Trading Update” announcement is usually a cause for concern – but not a 12:46pm effort Thursday from media equipment and services group Avesco (AVS), though still why release at this time?

CDialogues - it was a complete dog!, to be liquidated little more than 2 years after joining AIM…

Published 138 days ago

“Following successful completion of the general meeting earlier today… the last day of dealings in the company's ordinary shares is 14 September 2016 and at 7.00 a.m. on 15 September 2016, the company's ordinary shares will be cancelled from trading on AIM”. Hmmm - “successful” CDialogues (CDOG) says…

Vodafone May Ring for You as a Merger Calls

Published 138 days ago

Hello Share Shapers. A few years ago, I sold all my Vodafone (VOD) shares for a goodly profit. Rather a good job as it paid for 10 years of phone bills which used to be high in those days. The shares went into a damp patch after that,  but over the last few years the share price has perked up, while its rival BT’s (BT.) share price is currently, to say the least, stodgy.

Eck-oh no! – profit warning from Eckoh, hopefully my previous warning heeded…

Published 139 days ago

Previously writing on Eckoh (ECK), with the shares above 40p just over a year ago, I warned that a Benjamin Graham ‘Margin of safety’ – “available for absorbing the effect of miscalculations or worse than average luck” e.g. an earnings miss or negative change in stock market sentiment – looked to continue to not really exist here. Hopefully this warning was heeded as the shares are currently more than 27.5% lower today, at 35.5p, on the back of a “below market expectations” ‘Trading Update’ (i.e. profit warning) announcement…

Red24 - bid now worth 26.3p - good news on this quick win share tip

Published 139 days ago

Having previously announced that it was “engaged in discussions” following a 24p per share possible offer,  Red24 (REDT) has now further updated as an initial Takeover Panel deadline came into play. the shares are now 24p mid which is not bad as we tipped it just about six weeks ago at a 19.75p offer.

Speedy Hire – further responds to statements from Toscafund ahead of General Meeting dust-up...

Published 139 days ago

Ahead of a 9th September General Meeting dust-up with Toscafund, Speedy Hire (SDY) has again hit back - including noting “inconsistent” statements in “Toscafund does not believe sector consolidation is vital” and Toscafund having previously noted its analysis showed “the only sure way to achieve adequate returns would be by way of industry consolidation”. This as I noted in a previous review HERE (you read it here first)…

Stilo International – why are the shares materially down again on a results announcement?

Published 140 days ago

Shares in Stilo International (STL) currently trade more than 9% lower today, at just over 7p, on the back of the company’s half year results announcement. This follows them also having fallen by more than 14% following the company’s announcement of 2015 results in March. Hmmm…

Premier Oil – Covenants deferred again as it walks the financial tightrope

Published 140 days ago

This morning brought news that the covenant test for Premier Oil (PMO) has been delayed for the third time. While the support from the lending group is to be welcomed, the continuing need for deferral proves that the company's equity holders remain on a financial tightrope.

Andalas: New Plans to monetise pie in the sky, its ramptastic news - placing ahoy!

Published 140 days ago

AIM Rule breaker Dave Whitby of worthless crock of Turkish, Andalas Energy (ADL) is now officially on a ramptastic rampage as he works out how to get a bailout placing away before the New Year in order to stave off bankruptcy in the early part of 2017. Surely it is only a matter of time before he does another interview with Justin the Clown and gets the full ramping crew from Vox Markets and Big Gib's Momentous Events into action. After all, folks are only 90% down from buying into the ramp last time. What could possibly go wrong?

Kibo Mining – I tip my hat (and hold up my hand); looks like a great deal with Sanderson

Published 140 days ago

Four weeks ago, I wrote a critical piece on the terms of the loan deal between Kibo Mining (KIBO) and Sanderson / Beaufort. Well, the renegotiated repayment terms were announced this morning and should be applauded. As Jamie Lawson said, “I wasn’t expecting that!”

The FRAUD African Potash: bailout placing & loan deferral delays bankruptcy till January

Published 140 days ago

Aha, let's tell the morons that we are going to take legal action against Tom Winnifrith for pointing out that we are lying bastards who commit fraud. That will allow us to get a rescue placing away but we don't want to go for libel because disclosure would destroy us. Telling spivs you are going to sue the Sheriff of AIM allowed the fraudsters at Sefton to issue more confetti several times and African Potash (AFPO) is using the same playbook. But death for this worthless POS is merely postponed by a few months.

HSS Hire – half-year results, appalling balance sheet, also of interest to Speedy Hire shareholders…

Published 140 days ago

UK and Ireland tool, equipment and related services group, HSS Hire (HSS) has announced results for the 27 weeks to 2nd July 2016 – and the shares are currently circa 8% lower, to below 80p, in response. With the results also coming as 19% shareholder in the group, Toscafund, prepares for a General Meeting dust-up with the board of fellow hire group Speedy (SDY) - which it has urged to consider merging with HSS - the following reviews…

The Gym Group – The Story Continues

Published 141 days ago

Having placed a Buy rating on The Gym Group (GYM) last month, today brings us the company’s interim results. Time for an update!

Carclo – trading “positive”, but full-year dividend now likely to be non-existent!…

Published 141 days ago

An “Update on trading and dividend” from specialised plastics company Carclo (CAR) commences “the board is pleased to announce that the group has continued to trade well in the current financial year”. Sounds promising, but wait, the shares are currently down more than 10% to around 140p. So what’s the twist?…

Glenwick - spunking £50,000 a month on what exactly as suspension looms?

Published 141 days ago

Glenwick (GWIK) the investment company ramped on the basis of sweet FA by new media scum like Big Gib ( aka Big Gob) and the sordid crew of unprincipled rampers round at Vox Markets, has today fessed up and admitted that its shares will be suspended as of Monday morning. Oh dear. But if you listened to the vipers at Vox I have bad news..this will get worse still.

Wonderful Ashtead Builds on Share Soaring Success and Deserves a Look

Published 141 days ago

Hello Share Toilers. One of the best shares to hold at the mo, in my humble opinion, is Ashtead (AHT). It has burst through yet another all-time new high as I write. And there’s still more to go I fancy. After all, the P/E ratio I have is still less than 16.

Braemar Shipping Services – “Trading Update”, results “will be materially lower than 2016”. Uh-oh…

Published 142 days ago

“Braemar Shipping Services plc (BMS) provides the following trading update, further to our AGM Trading Update on 30 June 2016”. Not ‘pleased to provide’, just “provides”, Uh-oh...

Craven House Capital – At least we know where Mark Pajak spent his summer holidays

Published 142 days ago

Hallelujah, Craven House Capital (CRV) has announced its first investment in years but, as ever, it raises a host of questions, but I think I’ve worked it out. It’s just one of those summer romances that looks great under the holiday sun but less so on under a grey, autumnal sky. I didn’t take Mark Pajak for a Shirley Valentine character!

Science in Sport: Unprofitable but with bags of potential: BUY

Published 142 days ago

It’s not every day that I find a small-cap which I think has the potential for serious growth, but I think I may be looking at one in the form of Science in Sport, or “SiS” (SIS). The company has announced this morning that it is set to become the Official Sports Nutrition Partner for Liverpool football this season, in a move which should further raise its profile.

Pressure Technologies – “Update on Recent Trading” = Another Profit Warning…

Published 142 days ago

Having initially warned of further downside risk with the shares at 166p HERE, I note shares in Pressure Technologies (PRES) are currently more than 11% lower today, at 140p, on the back of an “Update on Recent Trading”

Challenger Acquisitions – Interims out…..suggest shareholders follow suit!

Published 142 days ago

In last week’s piece on Challenger Acquisitions (CHAL) HERE, I said I would comment further once the interims came out. Well, they were released this morning and, unfortunately for shareholders, there were no surprises.

AstraZeneca Escaped Take-Over by Americans, but Still Does a Germ-Zapping Deal with Uncle Sam

Published 142 days ago

Hello Share Smackers. If there is one sector which can be truly called defensive, it is the giant pharma world. Big drugs companies supply something that no-one in his or her right mind would give up - release from pain and suffering. So even when times are hard, medical giants will continue to make money.

Earnings Preview – Buy Hays to keep enjoying the global jobs boom

Published 143 days ago

While real earnings growth might be poor in the UK and many other parts of the world, there is still a great deal of jobs activity taking place. Investing in recruiters is the most perfect way to exploit this, and recruiters don’t get much bigger than Hays (HAS)!

African Potash - now lets look at the lies in the RNS 6 days before the bailout placing in January

Published 143 days ago

I have already shown quite conclusively that African Potash (AFPO) misled investors in a material way with an RNS of December 1 2015 as you can see HERE. That should be enough to see the authorities slam both Potash and Stewart Dickson et al at Nomad Cantor Fitzgerald. But it gets worse. I now accuse Potash of lying in an RNS on January 6 2016 just 6 days before the bailout placing. It is lie after lie after lie from this company.

Notes from Underground: Reader, I passed the test

Published 144 days ago

In my bid to take encourage slack and take jobs that rightfully belong to hard-working Brits, I was forced to take a 'Life in the UK' test last Monday to measure my knowledge of the patron saints of the constituent countries, the voting system used in Wales, and which Roman emperor built a wall in a vain attempt to keep ancient Scots from glassing ancient northerners.

Earnings Preview: Is HSS Hire Living on the Edge?

Published 144 days ago

HSS Hire (HSS) is scheduled to release interim results on Wednesday. This bear target of our colleague Lucian Miers has had a solid share price performance so far this year, but can it last?

Vale International Group – A new addition to the Sub-Standard Shockers XI

Published 144 days ago

With my Sub-Standard Shockers XI squad in desperate need of bolstering with a quality addition or two, I was pleased to see the announcement this week of the publication of a prospectus for a new entrant, Vale International Group, joining the Standard Segment of the Official List on 5 September. I was less pleased when I had checked it out!

The Chairman's Blog 6: Sir Benjamin Dover of Global Mining Endeavours writes in triumph

Published 144 days ago

Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Blog 6

CloudTag – One follow-up question, Amit, when is the revenue warning coming?

Published 144 days ago

Having also lost 25 minutes of my life listening to the CloudTag (CTAG) interview between its CEO, Amit Ben-Haim, and Justin Waite, I only have one question to add to Tom’s excellent Bearcast on the topic (HERE). When is the share price cratering revenue warning coming?

Fox Marble - chat with CEO Chris Gilbert: nailing the conspiracists

Published 145 days ago

There are folks out there determined to suggest that something is not qu9ite right with Fox Marble (FOX). In one sense they are correct, Fox has missed a stack of targets. We know that and it is well and truly "in the price". The conspiracists quite simply maintain that Fox is built on smoke & mirrors. They are - I believe - wrong but their war on Fox has left the shares very cheap indeed.

1Spatial and that CEO share sale

Published 145 days ago

It was announced on 12 July that 1Spatial (SPA) CEO Marcus Hanke had sold 5 million shares at 4.45p - netting him roughly £220,000. A director share sale never goes down well and the shares have flatlined since - they are now 4.25p-4.75p.

88 Energy: A Case Study in the Risk Tolerance of Private Investors

Published 145 days ago

For my sins, I took some time to read through 88 Energy’s Interim Report released last Monday. While continuing to believe that the attractiveness of a stock is inversely related to the number of other investors who are analysing it, I decided nevertheless to see what all the fuss was about.

Banish Bank Holiday Blues. Your Shares May Sparkle for the Next Four Months.

Published 145 days ago

It’s often overlooked by the more gloomy arm of our golden fraternity that we are now not far off that happy time of year when shares, all things being equal, will rise. They do most autumns, even when there is nor particularly jolly economic news on the horizon.

InterQuest & Avesco – share tip of the year updates

Published 146 days ago

I previously updated on my share tips of the year just after the Brexit vote – see HERE. The following updates on developments since…

Tuck in to some tasty income at Restaurant Group

Published 146 days ago

This morning brought interim results from Restaurant Group (RTN), the owners of 500 restaurants including Frankie & Benny’s, Chiqito and Coast to Coast. The company is not happy with its own recent performance but there are still great signs for its long-term potential.

Speedy Hire – agrees an asset disposal ahead of General Meeting dust-up with Toscafund…

Published 146 days ago

Ahead of a 9th September General Meeting after a requisition from largest shareholder Toscafund, Speedy Hire (SDY) has followed a circular hitting back with an announcement of a sale of its large mechanical plant fleet…

Rex Bionics – results statement notes “a number of important milestones”, but what about the financials?

Published 146 days ago

Robot technology to enhance the mobility of wheelchair users-focused Rex Bionics (RXB) has announced results for its year ended 31st March 2016 and that this “has been a period of broad progress across all areas, and we are pleased to be able to report to shareholders on the achievement of a number of important milestones during the period”. Hmmm…

Optibiotix Interims: Very pleasing but not orgasmic

Published 146 days ago

Results from the half calendar year from Optibiotix (OPTI) were very pleasing indeed but not orgasmic and that is why the shares are a tad weaker at 69p-72p. They are cheap but punters need to see more. They will not have to wait too long.

San Leon 2017 yield 19% and PE 2.6 - we are in

Published 146 days ago

Well that is the forecast anyway for those who took part in the San Leon (SLE) placing at 45p details of which were announced today. For once we are on the same side as Tosca Fund which did most of the placing as we also had a modest nibble. Delivery is the key but on those sort of forecasts it would be rude not to invest. 

Entertainment One – shares slide as ITV walks, but should investors follow suit?

Published 146 days ago

Earlier this month I looked at Entertainment One (ETO) unanimously rejecting a 236p per share takeover proposal from ITV and whether ITV would be back - see HERE. Now we have an “ITV withdraws proposal to acquire eOne” announcement...

James Latham – AGM trading update, growth still slowing?

Published 146 days ago

Previously, with shares in James Latham (LTHM) at just above 700p, I was deterred by a results statement noting “like for like revenues are 4% higher for April and May than the corresponding period last year… there are some signs that this growth is slowing”. With the shares currently at 670p, I now review following an AGM trading update…

Strat Aero - after the pump the dump, bailout placing & misleading but dire trading update

Published 147 days ago

Shares in AIM dog Strat Aero (AERO) zoomed ahead by 140% on Monday on the back of a total piece of non news. There was more non news on Tuesday but the shares started slipping back from 1.1p and they fell again today becuase after the pump there was the dump a placing to raise £370,000 pre expenses at just 0.5p. Oooh you bought into the pump at 1.1p - sore bottom time.  The shares are now 0.6p to sell. It gets worse.

Mid-Year Results Are In: Allied Minds remains a Sell

Published 147 days ago

Having queried earlier this week why Allied Minds (ALM) sought to open a credit facility with a US bank, I was looking forward to the release of the company’s half-year report this morning. It’s been a busy period for the company, with new rounds of capital raising and new investments across a range of subsidiaries.

Zamano – initial “Highlights” of half year results positive, so why are the shares further down?

Published 147 days ago

zamano (ZMNO) has announced results for the first half of 2016, with a first two “Highlights” of “sales increased by 80.2% to €18.748M” and “zamano continued to improve its balance sheet position, with cash of €7.430M at 30 June 2016”, so why are the shares currently further lower below 10p? …

LoopUp Group – shares to loop up or down following AIM IPO?

Published 147 days ago

“LoopUp Group plc (LOOP), a global software-as-a-service provider of remote meetings, is pleased to announce… admission of its ordinary shares to trading on the AIM market… The reception from investors… reinforces our belief that our differentiated product, business model and plans for the future provide the foundation needed to deliver on our potential as a public company”. With the shares currently at 112.5p, up from a 100p admission price, let’s take a look…

Action Hotels Trading update - buy

Published 147 days ago

With eleven completed hotels with 2,032 rooms across the Middle East and Australia, Action Hotels (AHCG) has updated on performance for the first half of the year – noting it “was positive… with both the group's Middle East and Australian hotels contributing strong average occupancies”.

Slater & Gordon warns of FY loss of more than A$1 billion - ta very much fraudster Rob Terry of Quindell shame

Published 147 days ago

This is not quite what Slater & Gordon (SGH) promised its shareholders when buying the fraud Quindell (QPP) in early 2015 - today there was a pre results profits warning. The management tried to polish it up but a turd is a turd however one views it.

The sleazy side of promoting AIM Cesspit companies - cash for ramping exposed in sordid emails: ref Mkango Resources

Published 148 days ago

Want to get a "journalist" to write a piece saying how cheap your shares are? Shimple.. for an AIM listed company you can get the ramping underway for just 1100 Euros, welcome to the world of Mining Review... I have been passed emails which show just how cheaply useless companies such as AIM Listed Mkango Resources (MKA) can buy positive coverage.

Goldplat – now in a position to advise on its results to end June? …

Published 148 days ago

Shares in Goldplat (GDP) are currently more than 9% higher, at 6p, on the back of a “Trading update” announcement. The following reviews after previous comment from myself last month…

Molins – “Half-year Report” announcement = Profit Warning…

Published 148 days ago

Half year results from Molins (MLIN) – the company's first stated “Key point”“Results in line with management expectations”. Good, good. Final such point: “the board is taking a more cautious view of the short-term trading outlook and has revised downwards its trading expectations for the current year”. Uh-oh...

Photo-Me – agreement for Asda Stores’ Photo Division, “an interesting opportunity”?

Published 149 days ago

Photo-Me (PHTM) has announced an agreement for Asda Stores’ Photo Division – “in the calendar year 2015, the Photo Division generated unaudited sales of circa £19.3 million and made an unaudited loss of £3.4 million”. Hmmm…

Orosur Mining – Excellent work done on the ground, but when will shareholders be rewarded?

Published 149 days ago

Orosur Mining (OMI) is one of the higher-quality gold plays on the market. It operates the only gold-producing mine in Uruguay, where it has controlled costs and produced some excellent results in recent years. But this morning brings news that an NED has almost halved his stake, which reminds me of the bear case here.

Challenger Acquisitions – Great news, more debt deferred - only a month late!

Published 149 days ago

Having asked the question five weeks ago (HERE), I was pleased to see Challenger Acquisitions (CHAL) finally announce this morning what had happened with the €1.25 million debt that it owed the three ex-Starneth shareholders. Guess what – it didn’t pay it. Big surprise!

OptiBiotix - am I worried? Au contraire

Published 149 days ago

I have received a number of emails and texts asking if I am worried that shares in Optibiotix (OPTI) are 67-69p having fallen back of late. No I am not but to stem the flow of questions...

EXPLOSIVE: African Potash and the £600,000 bung it neglected to mention in its pre-placing ramp

Published 149 days ago

On December 1 2015 AIM listed African Potash (AFPO) announced what appeared an incredible marketing deal for its fertiliser with a company called Beryl - of course nothing has come of the deal and what African neglected to mention was a £600,000 bung. A source in London has sent me the signed contract. One month and 12 days ahead of a bailout placing investors were grossly mislead as to the nature of the Beryl deal. Potash shares need to be suspended at once and AIM Regulation and the FCA have to get involved.

Journey Group – recommended offer; a premium over the price of the shares, but what about over the value of them?

Published 149 days ago

A 240p per share offer for provider of in-flight products and catering services to the airline industry, Journey Group (JNY) has been recommended to shareholders, with director of the offeror (a company of Harwood Capital LLP), Christopher Mills, emphasising its proposal “provides Journey shareholders with a sizeable premium over the value of their shares as well as affording them the ability to elect to retain an interest in the business should they wish to do so”. Let’s take a look…

The Chairman's Blog 5: Sir Benjamin Dover of Global Mining Endeavours writes (preparing for interviews)

Published 149 days ago

Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Day 5

City of London - now just 1 rat left on sinking ship: the company is now breaking the law - bankruptcy looms

Published 149 days ago

AIM Cesspit listed City of London (CIN) is surely a sinking ship. If Nomad Peel Hunt had a shred of integrity it would surely quit now on news that a third director has quit in six days leaving just one rat on board - chairman Paul Milner. The shares are off by 24% today to 3p but fair value ahead of suspension, administration or both is surely 0p. The Company is now in Breach of the Companies Act 2006, S154(2)which requires a public company to have at least two directors. Do hapless Nomad Peel Hunt or the oxymorons at AIM Regulation care about companies breaking the law? It appears not.

Mayair: if it looks like a China Norfolk & walks like a China Norfolk

Published 149 days ago

Such is the current febrile state of the markets that even China scams are being bid up with gusto. Take Mayair (MAYA), which purports to sell clean air filters in China and floated on AIM in May last year at 130p. Its shares, having gone down in a straight line to 40p (as insider selling outweighed the constant barrage of good news that these companies always come out with) have doubled to 84p in the last month as summer madness takes hold. The company itself was forced yesterday to say there is no reason for the rise. Indeed.

Cyan – a “world leader” adopting a model “similar to ARM Holdings plc”. Really?!? …

Published 149 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…

Allied Minds Borrowing Funds - Why?

Published 150 days ago

Early-stage bioscience and technology investor Allied Minds (ALM) is scheduled to release interim results on Thursday of this week, but updates the market this morning with a twin RNS release. In a surprise move, it announces that it has secured a $20 million debt facility from a US bank. Why?

Image Scan Holdings – does latest “Trading Update” justify recent share price gains?

Published 150 days ago

Having risen from 2.375p a month ago to 5.75p, shares in Image Scan Holdings (IGE) are currently further higher, at 6.25p, on the back of a “Year End Deliveries Trading Update” including that “the company anticipates to have recognized the sale of approximately half this £800k order by the end of the financial year and therefore now expects to materially exceed current market expectations”

Tom Winnifrith Bonus Bearcast: Ramptastic RNS from FastFoward more horse - sell, sell & sell again

Published 150 days ago

There is more horseshit today in an RNS from FastForward Innovations (FFWD), The money is running our fast. CEO Lorne Abony is in full ramping mode as he know he needs to get a placing away this fall or the game is up. The shares trade at a vast premium to NAV so what to do? Ramp again of course. All is explained in this bonus podcast.

365 Agile – from ‘excitement’ & ‘confidence’ to proposed cash shell in less than 3 months (& a year from listing)! …

Published 150 days ago

21 Aug 2015: “365 Agile ((365), formerly known as Iafyds plc) is pleased to announce the commencement of dealings in its ordinary shares… at a price of 75 pence… following the reverse takeover of 365 Agile Limited”06 June 2016: “the board is excited by the multiple prospects afforded by the Internet of Things space”Today: the shares currently more than 20% lower, at 26.5p, with the board having “reassessed its strategy to develop a meaningful business in the Internet of Things space”. Hmmm…

LGO - as the cash runs out the news from Spain & Trinidad underwhelms

Published 150 days ago

I take my hat off to Neil Ritson, the hapless CEO of LGO Energy (LGO), as he does not seem keen to disclose more information about how his company is doing. Unfortunately the information is underwhelming and as the company's cash runs out and the next bailout placing looms the shares are set to head only one way. And it is not up.

Why would anyone invest in Rare Earth Minerals instead of Bacanora?

Published 150 days ago

Rare Earth Minerals (REM) has seen its market cap more than double in the space of a month, but it is hard to see anything that justifies such a meteoric rise.

Octagonal Accounts - the dealings with Inspirit, how cosy: what a small world

Published 151 days ago

We know from an Inspirit Energy Holdings (INSP) announcement on 17 May 2016 that Octagonal (OCT) remains a major shareholder in Inspirit and that John Gunn is a director of both Inspirit and also Octagonal. This really is a cosy old relationship between the two AIM POS companies.

Rank Group – Will this week’s earnings excite and entertain investors?

Published 151 days ago

Last week, Rank (RNK) and 888 (888) abandoned their pursuit of William Hill (WMH), acknowledging that it had been impossible to “meaningfully engage” with William Hill’s board. With a deal off the cards for now, we can get back to thinking about these companies on a standalone basis. And news is imminent: Rank is set to announce its preliminary results on Tuesday.

The Chairman's Blog 4: Sir Benjamin Dover of Global Mining Endeavours writes (from the Savoy)

Published 151 days ago

Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Day 4

Filthy 40 Origo Partners – settlement deal on the table (again)

Published 151 days ago

ShareProphets AIM-China Filthy Forty play Origo Partners (OPP) has had its shares suspended from trading pending clarification of its financial position since 11 March this year, and with a six-month timetable to AIM execution due to expire next month things were looking dire until a no-one-is-watching o’clock RNS at 4.50pm yesterday. It seems as though there may be some light at the end of the tunnel. Has the Filthy Forty turned up some good news? I rather suspect the answer to that may just be yes.

Notes from Underground: Proof of knowledge on how to queue

Published 151 days ago

As one of those terrible foreigners who have come to steal jobs from hard done by Brits, I'm already subject to a fingerprint check every time that I cross the border. Also, I have to use the terrible foreigner line-up instead of the whizzy EU/UK passport line.

Why Stocks are Overvalued but we have to Keep Buying Them

Published 152 days ago

I note with interest the today’s macro-outlook comments by Malcolm and Tom, each taking different sides of the debate. While I agree with Tom’s analysis, I reckon that Malcolm’s conclusions might turn out be right!

Berkeley Energia - we are now almost 150% ahead on this share tip - what next?

Published 152 days ago

We tipped Berkeley Energia (BKY) at a 20p offer - the shares are now 48p-49p so I hope there are no complaints out there on this tip. What next? The most recent news of note was the Quarterlies. The actually numbers are academic but the only paragraph that matters states:

The Chairman's Blog 3: Sir Benjamin Dover of Global Mining Endeavours writes (pre massage)

Published 152 days ago

Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Day 3

Concepta Interims - barely relevant but catch the Reynolds Q&A! Buy

Published 152 days ago

Concepta (CPT) the latest Adam Reynolds healthcare RTO on AIM has announced interim result which are pretty academic. The company is a developer of a platform and suite of products targeted at the personalised mobile health market with a primary focus on women's fertility and specifically unexplained infertility.

Tom Winnifrith Bonus Bearcast: Malcolm Stacey has mad bull disease & is wrong, wrong, wrong

Published 152 days ago

Malcolm Stacey penned a piece earlier today (HERE) on why shares should rise. They may do so, as we live in crazy times but an number of the "facts" claimed by Malcolm are quite simply wrong. And his thesis is thus built on straw - he is wrong, wrong and wrong again as I explain in this bonus podcast.

Work Group – returns to AIM with Chairman Simon Howard escaping the financial pain of others

Published 152 days ago

Following the 31st December 2015 sale of its operating business to Capita as “it became clear to the board that the trading activities of the group could only survive as part of a much larger organisation”, Work Group (WORK) has now published results for 2015 and its shares have been re-admitted to AIM as an investing company…

Thanks to Greed, Our Shares Should Continue to Blossom.

Published 152 days ago

Hello Share Masters. There is so much gloomy comment among the City ‘experts’ these days that I really think it’s reasonable to again put the other side. The Footsie continues to push towards all time highs, so it’s all too obvious that the market is not in step with the pundits. 

Exclusive: Harvest Minerals Placing pulled at 8p - shares surge 40% to 21p

Published 153 days ago

Its a ramp based in Australia which in the current climate of fevered bulishness is perhaps ideal. Shares in Harvest Minerals (HMI) started August at c5p - they are 21p today. The word from a reliable source is that Beaufort Securities - appointed as joint broker last month - was trying to do a placing at 8p. But...

21st Century Technology – you were warned & it’s now profit warning ahoy

Published 153 days ago

Unlike its previous “Trading Update” announcement, it’s not ‘no one watching o’clock’ this time - but it is the same end result for shares in 21st Century Technology (C21); they're crashing...

Kellan Group – Half-Year results. “A market leading recruitment business”, Really? …

Published 153 days ago

Self-described “market leading recruitment business” Kellan (KLN) has announced results for the first six months of 2016. The shares are currently down 24%, to 0.95p, in response...

Premier Oil looks shaky going forwards

Published 153 days ago

Premier Oil (PMO) has just released its interim results, but I’m not convinced they are quite as rosy as they might initially appear at first glance.

eg solutions – “landmark contract win” with a leading “technology disruptor”. Hmmm…

Published 153 days ago

Shares in eg solutions (EGS) are currently recovering more than 10%, to 48.5p, on the back of an announcement of what the company reckons is a “landmark contract win” by its US channel partner Aspect Software “with one of the world's top ten technology disruptors... a leading social networking corporation”. This strikes me as extremely evocative language, so let’s take a closer look…

Empresaria – Half Year results, gains banked prematurely?

Published 154 days ago

We recommended shares in staffing group Empresaria (EMR) on the Nifty Fifty subscription site at a 28.5p offer price in January 2013, banking gains at a 65p bid price last year citing a cautious view on stockmarket valuations. The following updates with the latter decision currently proving further premature on the back of a positive results announcement for the first half of 2016…

RedstoneConnect – restructuring completed, now to deliver on “exciting” growth potential?

Published 154 days ago

RedstoneConnect (REDS, formerly Coms) has announced an early lease exit, emphasising “not only does it remove the cash drain associated with this lease, it also allows us to focus entirely on our profitable RedstoneConnect business, unencumbered by legacy issues". The following updates, with the shares currently more than 8% higher, at 1.675p, in response...

Nanoco – update as shares down on “Change of Adviser” announcement

Published 154 days ago

Down from more than 100p little more than a year ago, though, at 68p, around 60% ahead of levels throughout most of June, shares in self-described “world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials”, Nanoco (NANO) are currently slightly lower on the back of a “Change of Adviser” announcement...

Robinson plc – H1 results, reported “soft market conditions” concern on macro, as well as micro, level

Published 154 days ago

Commenting on an AGM update in May from packaging company Robinson plc (RBN), I concluded, with the shares at 155p, that I’d tread cautiously with it looking that the first half year performance at least wasn’t going to be pretty. The following updates, with the shares currently down to 145p, on the results announcement…

Craven House Capital – Simple question: does your largest investment still exist?

Published 155 days ago

It was a huge disappointment for me that Craven House Capital (CRV) didn’t proceed with its move to the Specialist Fund segment of the Main Market as I was looking forward to the prospectus providing an update on the investments. Never mind, I thought I’d carry out my own investigation and made a shocking discovery.

Haike Chemical - Any more Red Flags for Tea Vicar?

Published 155 days ago

Shares in Haike Chemicals (HAIK) have more than trebled since the spring but do not get suckered in as this is almost certaintly just another common or garden AIM listed China Norfolk. I am grateful to a correspondent in China who writes:

Kibo Mining – Whatever next: an RNS about a trip to the crapper?!

Published 155 days ago

An absurd non-news RNS from Kibo Mining (KIBO) this morning looks strange but all becomes clear when one considers the consequences of the gratuitous, greedy deal with Beaufort and Sanderson that I highlighted at the start of the month HERE.

Imaginatik – FY results, claims “pleased” with the growth & progress. Hmmm, really?…

Published 155 days ago

Provider of innovation software and related professional services to large and medium-sized enterprises, Imaginatik (IMTK) has announced results for its year ended 31st March 2016 and states it is “pleased with the growth achieved in the year and the underlying progress within the business”. The shares are though currently a further more than 6.5% lower, at 1.75p. Hmmm…

Xtract Resources – More disappointment and delay: is it time for Jan to walk?

Published 155 days ago

Not a great surprise for any seasoned observer but yet another disappointing RNS from Xtract Resources (XTR) this morning. Surely it is time now for Jan Nelson to hang up his mining helmet and head off into the sunset….well, to a new role at MTI anyway.

Sprott: Does the Current Gold Price Justify the Big Gains in Gold Stocks?

Published 155 days ago

Boy am I kicking myself for not buying a few more gold shares a few months ago. But is it too late. That is the question asked by the world's best known mining investor, Sprott.

Castings – AGM Statement, is profit about to take a further hit? …

Published 155 days ago

Automotive and commercial vehicle-focused iron casting and machining company, Castings (CGS) has updated that “our plan to fill the profit gap created by the ending of a major machining contract remains on course with improvements still expected from 2017/18”, though now also that “we have seen a softening in demand from our main customers since the statement in the Chairman's report in June”. Hmmm...

Earthport – “is pleased to provide” a trading statement for a year of “challenges” & a “material… fraud incident”. Hmmm…

Published 155 days ago

A leading burner of cash (Oops, sorry, “leading payment network for cross-border payments”), Earthport (EPO) “is pleased to provide an unaudited trading update for the fiscal year ended 30 June 2016”. Hmmm…

Red Rock Resources – cash inflows update & company chat...

Published 156 days ago

Following interim results in March noting an “objective of moving towards cash breakeven and then cash generation within this year”, Red Rock Resources (RRR) has today updated on cash inflows and I’ve spoken with the company...

Lord Razzall of Boxhill you are boring me - what are you hiding now you worm?

Published 156 days ago

Lord Timmy Razzall still has not answered the ten questions from Cynical Bear that a man of honour rather than a money grabbing piece of shite would have answered - his silence tells you everything. Instead he has again produced a trading statement from Boxhill Technologies (BOX) which omits all the key data - Lord Razzall luvvie, what are you hiding?

Ten Alps – restructuring of London publishing business fails, is to be closed down…

Published 156 days ago

Having slumped from 2p following a profit warning in May, shares in Ten Alps (TAL) are currently recovering slightly on the back of a “Closure of Ten Alps Media Limited” announcement...

Is it time to think about banking a healthy profit on Centamin?

Published 156 days ago

Centamin (CEY) has proved a great example that it is possible to buy shares based on them being fundamentally too cheap, and then hold until the company recovers and you can reap the rewards.

Wishbone: belated AGM statement - much better late than never

Published 156 days ago

Why on earth it took Wishbone Gold (WSBN), the owner of the Black Sand gold trading business, two working days with a weekend in between to release an AGM statement is beyond me. Amid the uncertainty that caused we loyal shareholders suffered as the shares slid. But better late than never we had an RNS yesterday and it was good news indeed.

Travis Perkins Could Build Fast After its Big Brexit Bash

Published 156 days ago

Hello Share Tillers. There can be little doubt now that the Footsie will burst through the all-important 7,000 mark this week. But we still have the problem of what shares to pick, even in a tangible bull market like this. I almost said a 'healthy' bull market, but we all have to be cautious in these uncertain days.

Pennant – follows share price pump, with a dump extraordinaire...

Published 157 days ago

Shares in Pennant (PEN) closed May at 34.25p before... 1st June: “New Contract Awards worth in excess of £13 million”, 16th June: “New Contract Award and Trading Update”, 19th July: “Record Order Book drives expansion of premises” - and now there is a dump extraordinaire...

blur Group – “is pleased to present” its half year results, it shouldn’t be…

Published 159 days ago

Prodigious cash-burning machine (sorry, services platform and marketplace group), blur (BLUR) “is pleased to present its unaudited interim results for the six months ended 30 June 2016”. Hmmm – this with the shares down from a start of the year 17p (and much, much higher when we first started warning) to a current little more than 7p…

Bull, Bull, Bull! This is Not A Load of Bull. The Rise of the Footsie Should Continue.

Published 159 days ago

All Right. I know I am in incurable bull. But it is an attitude which has served me well over the years. Enough to make a living out of trading shares, anyway. We are in a gradual bull market now. This surprises a lot of folk, because the Brexit vote was expected to hit business hard. And yet - and this puzzles me, too - the Footsie has not been as high as it is now for a long, long time. It’s now only a whisper off its all time high record 

Speedy Hire – notice of General Meeting circular hits back at Toscafund…

Published 160 days ago

With Toscafund having last month requisitioned a General Meeting to seek the removal of Chairman Jan Astrand from, and appointment of David Shearer to, the board of Speedy Hire (SDY) and earlier this week further hitting out in an Open Letter, the tools, equipment and plant hire and support services company has today published a General Meeting notice - and hit back...

Volution - It's complicated, but...

Published 160 days ago

Volution Group (FAN) is another by-product of that IPO glut around 2014, when private equity funds found plenty of willing buyers for a wide range of businesses.

MediaZest - “pleased to provide shareholders with final results for the year ended 31 March 2016”. Hmmm…

Published 160 days ago

“MediaZest (MDZ), the creative audio-visual company, is pleased to provide shareholders with final results for the year ended 31 March 2016… Best ever financial results with turnover of £3,144,000 and EBITDA profit of £58,000”. Hmmm, let’s take a closer look…

Forte Energy – For the love of God, can we drop this Fintech nonsense!

Published 160 days ago

As the share price of Forte Energy (FTE) keeps dropping as the BOS Global RTO approaches, as even long-suffering shareholders think some cash today is worth more than nothing tomorrow, I’ll have one last dig (for now) at something really riling me with this stock and that is the total misuse of the term “Fintech”.

Edenville Energy (and Strat Aero) explaining nominal value as shares tank

Published 160 days ago

Shares in Edenville Energy (EDL) have been marked lower today at 0.02p on news that the company plans a capital re-organisation such that the nominal value of its shares goes from 0.2p to 0.0002p. In itself this means nothing but the clear implication is that the confetti blizzard of share issuances will accelerate.

Avanti Communications - the bonds still yield 18%: tells you FT wrong, shares are toast

Published 160 days ago

Shares in Avanti (AVN) peaked at c50p following the reports in the FT that Inmarsat (ISAT) might have considered a 140p bid, a claim that seems ludicrous given the fact that Avanti is drowning in debt and needs a refinancing within weeks or it is tits up time. The shares have now drifted back to 37.375p today. Folks are starting to panic...perhaps they have looked at the bonds.

Heavy fuel oil alternative still has big potential for Quadrise

Published 160 days ago

The recent low oil prices have not only affected companies producing the commodity, but also others which rely on prices being high in order for their own products to be competitive. AIM-listed Quadrise Fuels (QFI) offers a good alternative investment for anyone who is confident that oil prices will ultimately recover, but who is looking for something a bit different to the traditional earlier-stage oil and gas investments around.

Coca-Cola Hellenic – Shares up 26% since May, excellent performance

Published 161 days ago

It’s been three months since I covered Coca-Cola Hellenic Bottling Corporation (CCH), the Greek-International bottling company with a monopoly on selling Coke in Eastern Europe, the Eastern Med, Russia and Nigeria.

St Ives – shares soar on results “expected to be in line with current market expectations”. Hmmm…

Published 161 days ago

Marketing services group, St Ives (SIV) has made a “Trading Statement” announcement including that results for its year ended 29th July 2016 “are expected to be in line with current market expectations” - and the shares are currently approaching 24.5% higher, at 122.25p, in response. Hmmm…

BREAKING Cyril d'Silva and the hidden £1.6m court loss -why didn't Fatty Cornish tell us?

Published 161 days ago

Is this the reason that Cyril d'Silva quit as boss of AIM POS Golden Saint Resources (GSR) on 10 February 2016 - a court judgement against him in Singapore for £1.6 million plus interest from 27 January 2016.

John Lewis of Hungerford – Showroom closures, but can investors now be more optimistic?

Published 161 days ago

I previously concluded on John Lewis of Hungerford plc (JLH) that it was not a surprise, considering the track record and earnings performance and balance sheet position the latest results show, that the shares were further lower at 0.95p. The following updates with them now at 0.92p on the back of a “Showroom closures” announcement, but can investors now be more optimistic here?

BREAKING: Is Iofina ignoring AIM Rules - not admitting to US legal setback

Published 161 days ago

AIM Rule 11 states that listed companies must notify investors via an RNS of material developments. But it seems that cash munching, drowning in debt, piece of Turkish Iofina (IOF) does not think the rules apply to it. No doubt it is aware that the Oxymorons at AIM Regulation won't enforce anything so it has opted NOT to tell you about a US legal setback on Monday.

BREAKING: Strat Aero tries to gag Hulsey Smith & a free press with legal injunction: fails

Published 161 days ago

Oh dear. Oh dear. AIM Casino bad boy Strat Aero (AERO) does not like seeing emails which show clear evidence of industrial scale fraud and market abuse appearing in public. That is the emails you can see HERE in the $20 million legal claim filed against by proud Texan Hulsey Smith. And so on Monday it went to court to stop the flow of information and to get existing articles pulled.

Grafenia – review as shares crash back having soared in Q2

Published 162 days ago

I previously wrote on Grafenia plc (GRA) on the back of a February profit warning – noting that I hope readers heeded my previous calls to sell or avoid at much higher prices than the then 8.5p and, whilst wishing new CEO Peter Gunning the best of luck, I retained that stance on the shares - see HERE. They subsequently recovered to more than 16p, but are now back at 9.5p following a recent AGM Statement...

Stock Spirits profitability revs higher - potential recovery play

Published 162 days ago

Heading back into the drinks business, this morning saw interim results from Central and Eastern European spirits producer Stock Spirits (STCK). This can be interpreted as another recent “busted IPO”, with the share price halving since its 2013 flotation.

Speedy Hire – having already requisitioned a General Meeting, Toscafund hits out...

Published 162 days ago

Having last month requisitioned a General Meeting to seek the removal from the board of Speedy Hire (SDY) of Executive Chairman Jan Astrand and appointment of David Shearer, the largest shareholder in the company has now further hit out...

The Cloudtag Fundraisings that do not add up - and the question the Nomad has NOT asked

Published 162 days ago

Time and time again this year Cloudtag (CTAG) has been able to raise funds at a small premium to the prevailing mid. It did so again today raising £580,000 at 5.8p, a 5.45% premium to the closing price yesterday of 5.5p. Questions, questions, questions.

Entertainment One – ‘unanimously rejects’ takeover proposal, though will ITV be back?

Published 162 days ago

Noting a highly suspicious share price rise from sub 200p to more than 216.5p yesterday (or as the announcement puts it “the recent movement in the company's share price”), Entertainment One (ETO) has announced “that it has received a preliminary proposal with respect to a possible offer”, later confirming that this was from ITV. The proposal put to it has been “unanimously rejected” by the board and ITV has now also responded…

Glenwick - asset what asset?

Published 162 days ago

A strange exchange of emails with a Glenwick (GWIK) shareholder yesterday begs a question or two since this fellow thinks he is close to what is going on. The fellow refers to the new NED appointed yesterday, Japp Poll. I am told:

Armadale - payoff for NED does not make sense.

Published 162 days ago

Okay the amount (just over £10,000) is not that big but why is Dr Andrew Tunks of Armadale Capital (ACP) getting a pay off at all?

Cloudcall – told ya; from ‘clearly enough cash to reach break-even’ to placing in less than 5 months!

Published 162 days ago

Synety, now Cloudcall Group (CALL), - 22 Mar 2016: “clearly shows us having enough cash to deliver this company to break-even without the need to raise further funds”05 Aug 2016: “Interim results announcement… Proposed Placing to raise up to £3.77m”. Hmmm...

Utilitywise - Flattery from the company for Brendan, but will he be able to rectify the red flags ahoy?

Published 163 days ago

With a business model which has seen red flags ahoy noted and recent performance “weaker… than we would have liked” (sorry, in order to help the company ‘realise its considerable potential’), Utilitywise (UTW) has announced the appointment of Brendan Flattery as CEO, effective 1st October 2016…

boohoo – this won’t end in tears, merely frustration for the impatient

Published 163 days ago

My friend Paul Scott made a brilliant call to buy boohoo (BOO) shares with conviction at 24p, shortly after a profit warning in January 2015. With the shares surging to 80p now, it’s been an incredibly successful trade.

STM Group – post profit-warning ‘Trading & Strategy Update’ review

Published 163 days ago

Following a profit warning last month, shares in STM Group (STM) are currently 18.5% higher today, at 38.5p, on the back of a “Pensions trading & pricing strategy update”

Tom Winnifrith please please report me to the FCA you Glenwick owning moron

Published 163 days ago

These morons they just cannot decide how to libel me. As you can see below one Glenwick (GWIK) owning moron at one stage thinks since I have no credibility so it matters not what I say. A few minutes later he thinks loads of folks sell shares if run a story. The twit just can't make his tiny mind up. It then gets better.

Forte Energy – mea culpa, my valuation was wrong..…it was far too high!

Published 163 days ago

Two weeks ago, following the release of its admission document I wrote about the valuation of Forte Energy (FTE) HERE. It was at 0.006p at the time and I thought 0.002p was a better reflection of the value. Well the share price has dropped to 0.0035p in the meantime but the bad news for those that have stuck it out so far is that my valuation should have been lower.

Nanoco – claims “commercial, technological and organisational” milestone achievements, but financials?

Published 163 days ago

An announcement commences “Nanoco Group plc (NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, provides the following trading update ahead of its preliminary results for the year ended 31 July 2016. During the year, the company made substantial progress and achieved a significant number of commercial, technological and organisational milestones”. Hmmm, I note no mention of ‘financial’, wonder why? ...

Sound Energy will come back down to earth with a painful bump

Published 163 days ago

One of the biggest red flags of a company being ridiculously over-priced is its directors selling shares, and that certainly looks to be the case with Sound Energy (SOU) following its after hours RNS!

Gulf Marine Services – do contract win & contract extension signal turnaround?

Published 163 days ago

Shares in Gulf Marine Services (GMS) have initially reacted modestly positively to an announcement of a contract win and contract extension – with CEO Duncan Anderson emphasising the developments reflect “our strong client relationships, leading operational expertise and flexibility”. The following reviews – with I having previously concluded sceptically here...

Fastjet - Private investors refuse to take part in overpriced offer, trading likely remains grim

Published 164 days ago

Fastjet has this afternoon announced the result of its general meeting and capital raising. Not surprisingly, given the support of the institutions involved, all resolutions were passed.

Utilitywise – wariness vindicated as company updates on “weaker overall performance than we would have liked”

Published 164 days ago

“Utilitywise (UTW), the leading independent utility cost management consultancy, today provides an update on trading for the year ended 31 July 2016. The group expects to report significant revenue growth in the period with revenues of at least £82m (£69.1m 2015)”. Sounds promising, so why are the shares currently a further 6.5% lower, heading towards 133p? ...

Hoots Mon, This Scottish Oil Producer Could be Worth a (Highland) Fling

Published 164 days ago

Hello Share Swappers. The price of crude oil bested $50 dollars a barrel a few months ago. Consequently big oil producers like Royal Dutch Shell (RDSA) started a long-awaited rally. Then the oil price dipped back to around $40 dollars. So it looks as though oil prices are not recovering at all. Except that the last time I looked the oil price was over $44 dollars a barrel, so it’s on the up again.

Rame Energy: Anatomy of Failure (and lessons in ignoring management-speak)

Published 165 days ago

I love AIM stocks. And I think AIM is a great place to invest. I think it’s great to have a space where regulation is light(er) and costs are cheap(er). But with that freedom comes the responsibility to do your due diligence and to manage the risks. Many AIM stocks, if not the majority, are ultimately worth nothing: stocks like the now-suspended Rame Energy (RAME).

Beaufort Securities lending cash to Strat Aero boss for bogus share purchase to ramp shares pre placing - Market abuse and Fraud

Published 165 days ago

The more one reads of the explosive legal dossier packed with damning emails, filed by Hulsey Smith in the Texas Courts against Strat Aero (AERO), the more one sees the massive implications for the whole of AIM. In yesterday's bearcast I discussed the massive conflict of interests at Strat's broker Beaufort Securities. Now let's take that further...if you are a Beaufort client this should concern you.

PHSC - Health and safety minnows go on sale, caution required

Published 166 days ago

Heading back into the micro-cap space, Friday saw the publication of preliminary results from health, safety and security consultants PHSC (PHSC). The shares have gradually weakened over the past two years providing a potential dip-buying opportunity for the brave.

The Scoundrels at FRAUD Strat Aero offer patronising and weedy response to ShareProphets expose: I declare war part 1

Published 166 days ago

Yesterday I exposed the scoundrels at AIM dog Strat Aero with the publication of a 338 page Texas legal disposition containing emails and other evidence that is damning. Not only does this show that Strat is up to no good and thus faces a very real chance of losing the $20 million claim against it and its officers, but it also casts a light on the sordid goings on on the AIM Cesspit. The Strat response is so offensively bad that it merits a declaration of war from the Sheriff of AIM on this piece of Turkish. Strat, as a PLC, you are a dead man walking...you are toast.

Messaging International – an absolute disgraceful piece of corporate chicanery

Published 166 days ago

It’s taken me a while to get my head round Thursday’s RNS from Messaging International (MES) as the more I read the convoluted, tortuous ramblings, concocted no doubt by the management team and Peterhouse Corporate Finance, the more convinced I am that it is an act of corporate pickpocketing of which Fagin would be proud with the poor private investor left with a much emptier wallet as a result.

Avanti share price spike: the company speaks and says nothing at all

Published 167 days ago

I have commented on Avanti Communications (AVN) twice in two days on the bearcasts HERE and HERE. Today with the shares zooming ahead to a peak of 50p (they are now 44p) the company commented but said nothing at all. Ronan Keating would be proud.

Uber Bombast David Williams stated:

Magnolia Petroleum - another dose of horseshit with added toppings of more horseshit

Published 167 days ago

Yesterday Magnolia Petroleum (MAGP) managed to raise £250,000 to keep the lights on in a massively discounted placing. Today it has served up an operating update. Why not the other way round or was this needed to try and spoof buyers so that the spiv share flippers could sell?. It is not working as this update was ramptastic horseshit.

William Hill – Churning out decent results with an interim CEO

Published 167 days ago

William Hill (WMH), subject to recent speculation of a takeover offer from smaller rivals 888 (888) and Rank Group (RNK), produced a decent set of interim results this morning.

Audioboom - drowning in red flags - where to start: sell

Published 167 days ago

I noted a week ago, here, that Audioboom (BOOM) shares were weak and that since it was running out of cash I reckoned a placing was afoot. Lo and behold there is indeed a £2.55 million placing at 2.5p today but there is also a stream of other announcements which are a red flag festival. This is a horror story.

RBS: “Do you feel lucky, punk?”

Published 167 days ago

You can do a lot in 100 daysBack in April I was musing about the large UK banks and puckered up some ‘geek analysis’ on Lloyds (LLOY) which basically suggested a double digit trading opportunity was apparent…and so it came to pass over the next four to six week.  A month or so later Brexit and the shares fell out of favour. Despite the grumblings in Lloyds statement last week I am getting similar feelings about an investing opportunity here again. What did I conclude last time?

Optibiotix - We did notice!!! Buy

Published 167 days ago

Okay, okay we did notice! In response to several reader emails we had seen that Optibiotix (OPTI) had yesterday appointed Luis Gosalbez as Director of Business Development, effective immediately. we are sure that Luis is a charming chappie and his CV looks awesome but it is not even a board appointment so its no great fuss. However....

Table of shorted AIM shares - end July 2016

Published 167 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of July (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last month...

Matchtech – full-year trading update, these shares are a buy

Published 167 days ago

Having commenced the year at above 500p and been around 400p just before the Brexit vote, shares in specialist engineering and technology recruitment group, Matchtech (MTEC) are currently recovering to above 350p on the back of a “Trading Update for 12 months ended 31 July” announcement…

BREAKING: Strat Aero - damning court papers and secret emails emerge from Texas: FRAUD?

Published 167 days ago

A detailed dossier posted by Hulsey Smith as part of his legal claims against AIM Casino listed Strat Aero (AERO) is in our possession and can be accessed below. It contains numerous internal emails appearing to show clear fraud by Strat as it raised money time and time again on AIM, the payment of a poster to ramp on Bulletin Boards and that the business model was just not viable. It will be humiliating both for Strat and for its broker Beaufort Securities which raised all that cash and which is involved in many of the email exchanges. Shares in Aero, appear to be utterly worthless in light of what appears here and the potential for regulatory fall out and thus must be suspended at once and the FCA must step in.

Communisis Shares Should Not Have Shuddered - as these Interims Show.

Published 167 days ago

Hello Share Trundlers. There is a company which is loosely associated with junk mail. But it does a lot more than that, mostly in the paperwork line. The name of the company is Communisis (CMS) which is hard to say and had deserved a bit more thought when the monicker was first chosen.

Johnston Press – Net Debt decreases only if you assume the bonds are worth less than face value

Published 168 days ago

Following on from my recent coverage of Trinity Mirror (TNI), today brings interim results from another large player in the so-called “deadtree press”, namely Johnston Press (JPR).

Portmeirion – half year results (following profit warning), does forward confidence look merited?

Published 168 days ago

Following its recent profit warning“Portmeirion Group (PMP) is pleased to announce its performance for the six months ended 30 June 2016”. Hmmm…

Tom Winnifrith Bearcast: Nightmares arrive in threes: The Mother in law at 5 PM, Avanti and African Potash

Published 168 days ago

Oakley and I are bracing ourselves for the arrival of the mother in law. Wish us luck. At least I can flee to Shipston tomorrow, my poor cat is trapped with his Pokemon. Then I look at Avanti Communications (AVN) where the shares are surging on the back of an FT report - is this bogus? I look at Messaging International (MES) where I am not interested even after the fall, Magnolia Petroleum (MAGP) and a sector read across from the dire news earlier (HERE), Scotgold (SGZ), Johnston Press (JPR) and then do some detailed maths on African Potash (AFPO) and the loan from the FD's wife which could kill it stone dead on September 1.

Magnolia Petroleum another keep the lights on placing. Its pointless - this dog should be shot

Published 168 days ago

I have warned you repeatedly (the archive is HERE) that AIM listed Magnolia Petrooleum (MAGP) is a dog with fleas that exists merely to keep its useless board in well paid employment and to provide coke and hookers money for the crony capitalists. It will never make money for shareholders. Hence today we see a laughable bailout placing. Death is merely postponed.

Antrim Energy Shares surge as Criminal Chris Oil dumps his stock...but when?

Published 168 days ago

Given the way that the concert party of criminal Chris Oil, ADVFN boss Clem Chambers and Brokerman Dan have managed to make Sefton the company that it is today, delisted and almost out of cash, folks might have feared that the next port of call was AIM Listed Antrim Energy (AEY) where the three amigos had built up a disclosable stake of 5.6 million shares. 

zamano – from “positive performance in revenue & profit” to group contribution margins “lower” in less than 3 months…

Published 168 days ago

Provider of interactive applications and services to mobile devices, zamano (ZMNO) “is pleased to issue an Interim Management Statement in conjunction with its Annual General Meeting”“Pleased to issue” - should be good then, wait, what? The shares are currently down approaching 17%, to 10p, on the back of it? Hmmm…

Getech – claims downturn due to market conditions, so does recovery really require this share option bounty?

Published 168 days ago

With its shares down at levels barely seen since more than four year ago, data and services provider to the natural resources industries, Getech (GTC) “is pleased to announce the appointment of Dr Jonathan Copus as Chief Executive Officer with immediate effect… Jonathan does not hold any shares in the company but… on his appointment, the company will grant Jonathan Copus 1.4 million share options”. Hmmm, let’s take a look…

Gullible, greedy private investors are helping to fuel the AIM cesspit - ref. African Potash

Published 168 days ago

Private investors who put their money into small AIM companies are often either incredibly gullible or the part of their brain which urges caution is blinded by greed – and this is largely why the market is able to function in the corrupt way that it does!

Shite Results from Wandisco - have you seen the balance sheet?

Published 169 days ago

Wandisco (WAND) has today published results for the half calendar year which indicate that at June 30th the company was bust. Thank heavens it got an equity placing away shortly afterwards but did it tell punters how bad things were before it got their cash? And how soon before the next bailout.

Red24 shareholders: lukewarm to possible 24p offer?

Published 169 days ago

Red24 (REDT), the security specialist, is in preliminary discussions regarding a possible offer from iJet International. It looks like there are still quite a few hurdles to cross, so might it be worth speculating in the shares at this point?

GAME Digital – expects to report adjusted EBITDA ‘within range’, so why are the shares still further down?

Published 169 days ago

“Pre-Close Trading Update” announcement from GAME Digital (GMD) includes that it “expects to report an Adjusted EBITDA for the 53 weeks ended 30 July 2016 within the range of current market expectations”, though the shares are currently approaching 5% lower, at sub 70p, in response. Hmmm, let’s take a look...

LGO Energy now just 0.14p to sell - placing ahoy? Bring back Big Dave Lenigas?

Published 169 days ago

Oh dear Oh dear, things are looking ever bleaker for Neil Ritson and AIM dog with fleas LGO Energy (LGO). Interims out next month will be diabolical, the cash position by now is looking grimmer than a wet Thursday in Scunthorpe and ramptastic announcements are just not having any impact on the share price, surely it is time to bring back Big Dave Lenigas. Cometh the day and all that.

Reader Poll: When will Avanti Communications shares go to zero

Published 169 days ago

Avanti Communications (AVN) may try to con us into thinking that it is a bid target but the reality is that its best hope is that bondholders take a haircut in any takeover. that means shareholders face a wipeout. It is more likely that no-one bids and this is a zero. So when do you think Avanti is going bust. Vote now and before a midnight deadline in a reader poll. The shares are 22.5p today and falling. So vote early, vote often, vote below: 

Starcom - le AIM ramp de jour but valuation crackers

Published 169 days ago

Those lucky folks who got in on the most recent bailout placing for AIM dog Starcom (STAR ) in March at 1.5p have done brilliantly. The shares now trade at 4p mid and this is now le ramp de jour for certain morons on twitter and the bulletin boards. But the valuation is surely insane at £5.4 million given the ongoing losses, painful lack of tangible asset backing and the inevitability that another placing is imminent.

Kibo Mining – A case-study in greed from Sanderson and Beaufort

Published 169 days ago

Having written about the dreadful Sanderson Capital Partners loan arrangement with Eurasia Mining (EUA) yesterday (HERE), I thought it might be insightful to provide a case-study in greed from the same guys at Kibo Mining (KIBO) and what it might mean for the stock going forward.

Dialight – half-year results, board “confident” but will FY expectations really be met?

Published 169 days ago

LED lighting for industrial and hazardous applications-focused, Dialight plc (DIA) has announced half year results emphasising “underlying operating profit” up from £1.7 million to £4.2 million, though showing a statutory loss before tax of £7.1 million, from breakeven. Hmmm, let’s take a look…

Banks, Hospitals and Company Share Schemes All Need This Enterprising Outfit.

Published 169 days ago

Hello Share Squashers. Here’s a share I’ve not looked at before. I’m not sure why as it is all about, well, shares. A real share share. Equiniti (EQN) is the name and it provides a share monitor service. It links 18 million shareholders to their babies. It also offers a service to companies which include shares in their remuneration packages to their workers. This is good for employers, as there is a growing mountain of legal work connected to schemes like these and Equiniti helps them to deal with it.

APC Technology - “is pleased to announce”… another private investor screwing

Published 170 days ago

APC Technology (APC) “is pleased to announce that it has conditionally raised £1.1 million (before expenses) by way of a placing of 13,750,000 ordinary shares… together with two warrants for every five placing shares issued”. The market is not as pleased – the following updates with the shares currently more than 16% lower, at 8.375p, on the day…

Drink up! Still nothing wrong with the IRN-BRU maker

Published 170 days ago

Barr’s (BAG), the Scottish manufacturer of Irn-Bru, continues my (and Malcolm's) recent drinks-related theme with a trading update for the six months ended July.

Gulf Keystone: one hurdle cleared, one more on Friday and then the shares will either crash or burn

Published 170 days ago

Shares in Gulf Keystone (GKP) could be toast by Friday but I think that incredibly unlikely. That they will crash is a racing cert after today's news. Gulf tells us that the owners of 82% of each of the two classes of bonds have both agreed to support the debt for equity swap. It needed just 75% support so that is in the bag. Next up..the Bulletin Board Morons.

Flowtech Fluidpower – acquisition & a penultimate paragraph profit warning

Published 170 days ago

Flowtech Fluidpower (FLO) opens an announcement today with that it “is pleased to announce the further strengthening of its product offering in the hydraulics sector through the acquisition of Triple Six Limited, and provide an update ahead of the release of the company's half-year results”. The shares are currently 5% lower, at 105p, in response. Hmmm…

Eurasia Mining – Shocking loan deal: worse than Wonga

Published 170 days ago

I’ve been following the antics of Sanderson Capital Partners for a while now and yesterday’s latest shocking funding deal with Eurasia Mining (EUA) has tipped me over the edge and forced me to write.

James Halstead – states recent ‘drastic’ Sterling reversal “bodes well”, but enough to make the shares a buy?

Published 170 days ago

“Pre-Close Trading Statement” from James Halstead (JHD) updates that “trading through to 30 June 2016 has been solid and profit before tax for the full year will be ahead of last year, in line with market expectations and at the highest level in the company's history”. This is despite that “during the majority of the year Sterling traded at a higher level than the prior year presenting challenges to our overseas turnover, which is in excess of 60% of total turnover”. Does opportunity now knock then here?

I'm still happy to hold Sylvania longer term

Published 170 days ago

Unfortunately with many AIM companies these days, news is hyped up so much that when it actually arrives it can rarely meet the expectations of investors.

Trinity Mirror - Gargantuan pension fund creates a puzzle for investors

Published 171 days ago

There is a saying that some stocks are little more than pension funds with small businesses attached to them. This unfortunately looks to be the case with Trinity Mirror (TNI), whose market cap does not come close to matching the size of its actuarial pension deficit.

Fitbug – having shunned equity-risk, it’s instead vast risk-free exposure for the directors

Published 171 days ago

A couple of weeks ago I commented on directors at Fitbug Holdings (FITB) not taking the chance to demonstrate their confidence in the June results statement pronouncement that “the building blocks of a successful business are now in place” - see HERE. Now they've granted themselves significant share options! Unlike those who invested meaningfully in the fundraising, it’s vast risk-free exposure for management here...

Tom Winnifrith bonus bearcast: The AIM casino disgrace that is MySQUAR, I name & shame

Published 171 days ago

AIM casino dog with fleas MySQUAR (MYSQ) has today managed a small bailout placing as it teetered on the verge orf bankruptcy just 13 months after its IPO. The roll call name of shame includes pompous PR supremo Piers Pottinger who is a NED, Nomad SP Angel, brokers Mirabaud and Belfort Securities. The shares have plunged to 4p (60% down on the IPO) but are in fact worth 0p. This is a ZERO, an AIM uber-dog. I look at the red flags, talk you through the maths and name the guilty men, the establishment fuckers, the 1% who have made money as poor old private investors took it up the jacksie again. Yes I am angry and use some bad language.

Northbridge Industrial Services - “is pleased to issue”… a profit warning...

Published 171 days ago

Industrial equipment provider Northbridge (NBI) “is pleased to issue the following pre-close trading update in advance of its interim results for the six months ended 30 June 2016, which are scheduled to be released on 29 September 2016”“Pleased to issue”. Good, good, but what’s that?, the shares currently down more than 11% on the back of the announcement? Hmmm…

Avanti Coms tries to spin its way out of trouble - Inmarsat exposes the lie: not bidding

Published 171 days ago

Three days ago Sky News reported that Inmarsat (ISAT) had approached Avanti Communications (AVN) with a view to making a bid. This was, as it happens, not true and today Inmarsat has exposed the lie in full. The story here is not only of the looming financial bankruptcy of Avanti but of its full blown moral bankruptcy too. This is shocking at every level, another milestone of shame for both Avanti and for the AIM Casino.

Tom Winnifrith Bearcast - a mad mad world is getting madder

Published 172 days ago

Negative interest rates? Mortgages for the unemployed? Theresa May and Hillary Clinton reckoning they can solve the economic mess with "new Government policies". It is a mad, mad world. And sooner or later we will face a day of reckoning for the economy, for shares and for property prices that will be brutal in a way you cannot imagine as I explain in today's podcast

Why I've been buying Genel despite the risks

Published 172 days ago

Geo-political instability can make investments far more risky, but alongside that you will often find the potential for large returns with companies which look undervalued based upon their fundamentals.

Just when is the next FastForward placing, this ramping is getting frantic

Published 172 days ago

In our recent coverage of FastForward Innovations (FFWD) both Cynical Bear and myself have pointed out that the maths in its ramptastic announcements to the mug punters who back this stock, simply do not add up. But there is a bigger problem...the company is running out of cash.

Taking a Chance on 32Red

Published 172 days ago

32Red (TTR), the online gaming business, delivered a nice set of results on Friday, although they were greeted in a lackluster fashion by the market. After a huge run up in price over the past year, investors seem cautious that the share price might now fully “up with events”.

KEFI making progress towards funding which will cause a re-rate

Published 173 days ago

Gold has definitely been one of the best sectors to be in so far in 2016, and whilst I’ve mainly been sticking to those companies in production, there are several smaller AIM listed outfits that are close enough to that stage to have gotten my interest.

Eurasia is on the verge of production - buy

Published 173 days ago

Eurasia Mining (EUA) has been a favourite of mine for a couple of years now and it looks as though the long wait is finally about to come to fruition as production gets underway and that will send the share price zooming ahead.

Foxtons drifts lower, blames Brexit referendum for market weakness

Published 174 days ago

Foxtons (FOXT) shares reached an all-time low since their 2013 flotation in the wake of the EU referendum, and despite recovering from that nadir, sentiment remains weak. The shares are changing hands today at 113p, 8% lower on the day, in the aftermath of their latest interim results.

S&P as damning as Moody's on Avanti - its implied view also that the shares are worth 0p

Published 174 days ago

Moody's was damning enough on Avanti Communications (AVN) as I noted earlier. The clear takeaway was that the shares were worth 0p given Moody's view that bondholders were in for a haircut. Now I bring you what the other credit rating agency S&P says. It is equally bearish.

Moody's Downgrade on Avanti Communications Bonds "default inevitable" - tells you equity is worth 0p

Published 174 days ago

Moody's has downgraded its ratings on the junk bonds of Avanti Communications warning bond holders that they would probably get just 35-65% of their cash back. In that case the equity is worthless - note the explicit warning that Avanti will face a cash crisis potentially within weeks. Moody's states viz a viz the bonds " Moody's sees a default by Avanti over the next 6-12 months as almost inevitable." On that basis the target price for Avanti shares has to be ZERO. Sell while you can.

So you think blue chip shares are safe? Think again...

Published 174 days ago

So you think blue chip shares are safe? Hat tip to a Mr N Wray from London for the table below which proves that they are not.had you stuck £5,000 into all the stocks in the FTSE 100 10 years ago in 17 cases you would have lost money in absolute terms. The worst investment would be RBS (RBS) where your initial £5,000 would today be worth £191. Other household names such as Tesco (TSCO), Marks & Sparks (MKS) and Aviva (AV.)  were just dogs. As the table below shows even supposedly safe blue chips carry risk.

Gulf Keystone gets hostile $300 million bid from DNO - market gets it all wrong (again)

Published 174 days ago

Gulf Keystone (GKP) says that it is considering a hostile bid from Norway's DNO which comprises $120 million of cash and $180 million of shares. Given that DNO will be taking on a net $100 million of debt, post the restructuring the offer is remarkably generous but not half as generous as the market implies.

Just Eat – Heavy price to be paid for spectacular potential

Published 175 days ago

Earlier this week, I covered Fevertree and noted that despite the extraordinary earnings multiple attached (100x the most recent six-month result), I thought a portfolio of similar companies might do reasonably well over the long-term. Of course, this would require that we succeeded in finding at least a couple which did fulfill their organic growth potential – not easy – and held them for the long run. This morning brings interim results from Just Eat (JE), and the features are somewhat similar.

Craven House Capital: the spoof investment company without a home to go to

Published 175 days ago

Disappointing news emanating from Craven House Capital (CRV) at 11.20am today calling off the exciting move to the Specialist Fund Segment of the Main Market as it failed the eligibility criteria, so where does this leave the company now?

Elektron Technology – current trading lower, lashings of jam tomorrow…

Published 175 days ago

Elektron Technology (EKT) CEO John Wilson emphasises that “the group continues to make progress in the delivery of new product development programmes in our growth brands, which the board believes will significantly enhance shareholder value”, though current revenues (six months ending 31st July 2016) “are expected to be lower than those for the same period last year”. Hmmm…

Purplebricks – now Old Mutual heading for the exit?

Published 175 days ago

We spotted that that the Chief Marketing Officer of AIM-listed Purplebricks (PURP) had been beating a hasty retreat the other day, selling £341,000 worth of shares acquired from the exercise of options almost as soon as the certificate arrived. But it seems that Old Mutual had a similar idea.

FastForward Innovations – Late night RNS: yet another poor connected investment from the Thompson Twins

Published 175 days ago

FastForward Innovations (FFWD) issued an after-hours RNS yesterday at 4.59pm announcing its next investment. Surely it wasn’t embarrassed by it? Let’s take a look.

Boring investing produces generations of riches – the case of PZ Cussons

Published 176 days ago

Yesterday saw the publication of annual results from one of the low-profile but high-quality companies on the market: PZ Cussons (PZC). Underlying results were unexciting but investors were treated to their 43rd consecutive year-on-year dividend increase from this 19th century business. It just goes to show that successful investing can be very, very boring.

Ebiquity – relying on some improved performance to achieve FY expectations, future profit warning?

Published 176 days ago

Marketing analytics company Ebiquity (EBQ) has released a half year trading statement including that its “Marketing Performance Optimization practice has generated significant growth across all markets”, though that overall company performance is only “broadly in line with” (i.e. slightly behind) market expectations. The following reviews, with the shares currently 3% lower at 115p…

Frontier Resources becomes Concepta as RTO completes - Buy

Published 176 days ago

Frontier Resources (FRI) is no more. It is now Concepta (CPT), new shares for the RTO, open offer and placing have been issued and the shares have undergone a 250-1 consolidation.

KEFI Minerals – “pleased to announce” placing, is it right to be so?

Published 176 days ago

KEFI Minerals (KEFI) “is pleased to announce that it has conditionally raised approximately £3.8 million (approximately US$5 million), before expenses, through the issue of 761,921,740 new ordinary shares… at a price of 0.5p per share”. Is it right to be so?

No Split for BT Isn't the Only Reason This Share Could Climb

Published 176 days ago

Hello Share Sippers. One of those dynamic companies which is never out of the news for long is BT (BT.A). The reason is obvious, the country relies on it not just for telephone land lines but for access to the internet. It’s an odd situation for so many companies to be reliant on another one for a service nobody can do without. And BT, if its rivals are to be believed, has taken advantage of the fact.

Brave Bison – shares up on H1 trading update, but is this previous wrongster really to now become a rightster?

Published 177 days ago

Shares in previous wrongster Rightster Group, now Brave Bison Group plc (BBSN), currently trade more than 17.5% higher today, at 5p, on the back of a trading update ahead of its results for the first half of 2016, expected to be announced on 31st August. Is it really now recovery ahoy here?

Investor fever intensifies as Fevertree market cap approaches £1 billion – what could go wrong?

Published 177 days ago

Fevertree (FEVR) has announced blisteringly good interim results today, helping to nudge the share price higher by another few percentage points. With the market cap rapidly closing in on £1 billion, investors would do well to re-assess their positioning.

HaloSource - another (lack of) revenue warning, seemingly remains on path to cash crunch ahoy!

Published 177 days ago

In May I questioned whether the HaloSource, Inc. (HAL) sale of its Recreational Water business was all as it initially seems – and the company now updates that “total revenue from continuing operations for the period ended 30 June 2016 was $1.4 million (H1 2015: $2.7 million)” and “a cash balance of $4.1 million”. Hmmm…

Tern – Interims and ramptastic prospect of dividends (what with?)

Published 177 days ago

AIM-listed jam-tomorrow investment company Tern plc (TERN) released its interims to June 30 2016 this morning. Once again the company has to be commended on the speed with which it gets its numbers out. As expected there is a large paper profit, no cash and the promise of future dividends despite a lack of cash and hefty retained losses. As to the profit…..

Optibiotix at 79p worth (at least) 106p - Hybridan

Published 177 days ago

As house broker to Optibiotix (OPTI), Hybridan is paid to be a fan and on that basis you should really take its bullishness for granted. But a note published a few days ago, before today's cracking news, explains the bull case and since we own shed loads of these shares why not give this most excellent report a wider airing. If the target was 106p pre today's good news surely it would be higher now as analyst Derren Nathan ( not a total poltroon) could cut the risk weighting on one product?

Falcon Acquisitions – brilliant news, an RTO….but how did you find such an opportunity?

Published 177 days ago

Hallelujah! Only six months after admission, the Sub-Standard Shocker XI stalwart, Falcon Acquisitions (FAL) yesterday announced a potential RTO of the exciting OTT business, Quiptel Hong Kong Limited. Months of looking and it was under its nose the whole time!

Ramper of worthless penny shares Big Gib gives up on Blenheim Natural, takes mega haircut and sells

Published 177 days ago

He tried his best to ramp this crock of shite but even arch twitter ramper Wayne Gibson, aka Big Gib, could not push the rancid wastewater that is Blenheim Natural Resources (BNR) uphill. Having bought a stake of 5.625 million shares ( 3.05%) just before Christmas at 0.8-1p, Gib has now bailed, taking a huge haircut.

Tungsten – claims “special operating assets”, but currently just another ’specially bad financial performance

Published 177 days ago

Tungsten (TUNG) has announced results for its year ended 30th April 2016 and that “the board is confident the company is well positioned for further sustainable growth”. The shares are further lower, at a current 43p, in response. Hmmm…

Ferrum Crescent continues to dilute investors at an alarming rate - avoid!

Published 177 days ago

There would appear to be an increasingly common correlation between CEOs who freely indulge in podcasts, interviews and courting private investors, and those same PIs getting screwed a short while later!

NetDimensions – is “pleased to provide” a first half trading update, shares down 25%. Hmmm…

Published 178 days ago

“NetDimensions (NETD), a global provider of performance, knowledge and learning management systems, is pleased to provide a trading update for the six months ended June 30, 2016”. The shares are currently more than 25% lower, at 43.5p, on the back of it. Hmmm…

Purplebricks – Chief Marketing Officer dumps £341k worth of shares - Great call pal

Published 178 days ago

AIM-listed Purplebricks (PURP) only joined the Casino in December and today it was announced that its Chief Marketing Officer dumped 243,618 shares at a price of 140p – worth a shade over £341,000 – last Friday.

Highlands Natural - more ramptastic horseshit to get warrants away

Published 178 days ago

Highlands Natural Resources (HNR) is shameless in the way that it announce the most fantastically misleading news to ramp its shares to get another covert placing away. Today's announcement is a total shocker. It is paying $500,000 for the right to pick up 100% of the costs but just 80% of the revenues from six wells in Colorado. The numbers sound great...sadly they are just plain old bollocks as 10 minute's research on the internet shows. Highlands states:

PhotonStar – running low on the readies?

Published 178 days ago

Serial AIM dog PhotonStar (PSL) has announced the issue of 230,857 shares at a price of 2.625p to former NED Mr Philip Marshall in settlement of outstanding remuneration, worth a total of £6,060. That the company didn’t just pony up the relatively small amount in cash raises the question as to why.

Ryanair - This is how you run an airline! Although the shares are probably not a Buy

Published 178 days ago

I know that the Sherriff of these parts is no fan of Michael O'Leary (and I also disagree with the Irishman's stance on Brexit) but there is no denying the fact that he changed air travel for the better by providing greater capacity at lower prices than anyone had previously done. Today's Q1 result shows how the momentum continues.

Horse Hill – why are its shares so hard to value?

Published 178 days ago

Horse Hill was incorporated on 10 December 2013.  Angus Energy was the founding shareholder of Horse Hill and after formation and being issued 300 shares exchange for the issue of licenses in the underlying oil fields ended up with 400 shares out of total of 1,000 shares. David Lenigas was appointed a director on 8 December 2014 and resigned as a director on 13 July 2015 and was a key promoter for some of the listed entities that now a large proportion of Horse Hill entity.

William Hill, 888 and Rank to form a super-casino? Perhaps not

Published 178 days ago

Gambling investors (investors in gambling companies, not investors who gamble) are today digesting confirmation that 888 (888) and Rank Group (RNK) are considering a possible offer for William Hill (WMH).

Frontera Resources: Management views shareholders with disdain, shares on watch list for death

Published 178 days ago

Boy oh boy, SP Angel's Zac Phillips is on a roll. The City's best oil analyst today sinks his teeth into the management of Frontera Resources (FRR) who show "intellectual deficit, moral deficit, or both." The message for shareholders is a clear one (bail) in what is a superb vicious note from one of the few City analysts prepared to call out wrongdoing on AIM. Our hero writes:

Savills offers good long term value and growth prospects

Published 178 days ago

Estate agents and housebuilders plummeted after Britain voted to leave the EU, as the chances of a slump in the property market were seen by some as having increased as a result of that outcome. I have no doubt that some companies in these sectors will be badly hit, especially those whose business is focussed around higher end properties in London, such as Foxtons, but for others I see the recent drops in share price as presenting a buying opportunity, especially when taking a longer term view.

CSF Group - An unusually dangerous value investment

Published 179 days ago

Scouring the market or bargains has the unsurprising result that most (nearly all) of what you find are stock market duds. Unfortunately, I think that those investors who have piled into CSF Group (CSFG) and helped the price to treble on Friday are going to find that it is no exception. Indeed, it looks quite a bit riskier than the typical “value” investment.

Sound Energy looks terrible value at this price

Published 179 days ago

Sound Energy (SOU) has been one of the best performing small oil companies this year in terms of its share price, but when you take a closer look it is hard to see how it justifies anywhere remotely close to its current valuation.

Forte Energy – a seven month wait for an appalling RTO – SELL!

Published 179 days ago

I’ve been following the Forte Energy (FTE) RTO story since prior to suspension last December and, after seven months, the admission document relating to the acquisition of BOS Global finally came out on Friday and thought I would give it a review; the one word version of which is: SELL!

Kenmare – rescue refinancing sees just 7.45% support of Open Offer

Published 179 days ago

Ireland- and London-listed Kenmare Resources (KMR) announced (after-hours, natch) on Friday that the open Offer element of its rescue refinancing package had met with just 7.45% support: hardly a ringing endorsement. Of course, since the Open Offer cash was headed straight into the hands of creditors rather than providing the business with much-needed working capital it was hardly an attractive proposition, not to mention the abject record of the board.

Notes from Underground: Worth it

Published 179 days ago

Ah, Worthington tops the leaderboard again.It's a brings back those halcyon days of yesteryear: Nick Clegg was deputy prime minister in a coalition; Boris Johnson was mayor of London and stuck on ziplines rather than being told to zip it; Brexit was a funny old idea that no one would be crazy enough to begin and Worthington was producing videos like this.

Superglass Holdings – recommended takeover offer; from Russia with a bailout for shareholders

Published 180 days ago

Manufacturer of glass wool and mineral fibre insulation products, Superglass (SPGH) has announced a 5.6p per share, £8.7 million, takeover offer from Inflection Management Corp which it is recommending to shareholders...

Shares Should Shoot Past 7,000, Despite what the Gloomsters Say.

Published 180 days ago

Hello Share Shapers. I've had a very eventful week. My ARM (ARM) and IQE (IQE) holdings, both rather similar companies, both shot ahead. One on a take-over probability (ARM) the other on a bullish trading update. Such are the possibilities of our golden game, that a whole year of lacklustre performance for my portfolio was suddenly bounced back into the black. That's why we should never despair, gang. There is always a good story for us lurking round the next corner. And the rewards we accrue can sometimes be nearly as good as winning the pools.

Sprue Aegis – H1 operating loss lower than feared, but what about the full-year and outlook?

Published 181 days ago

I commented on home safety products supplier Sprue Aegis (SPRP) in April as its shares were crashing on the back of a profit warning plus - see HERE. The following updates with the shares currently up today, to 181.5p, on the back of a trading update ahead of late September-expected results for the first half of 2016...

Safestyle, sod Brexit scaremongering, cracking trading update

Published 181 days ago

Brexit vote fallout saw shares in retailer and manufacturer of PVCu replacement windows and doors, Safestyle UK (SFE) decline from more than 260p towards 200p, before recovering towards 240p. The recovery has now been further aided by a half year trading update.

LSL – initial acceleration of activity attributed to changes to Stamp Duty, but Profit Warning now to Brexit. Hmmm…

Published 181 days ago

“Trading Update” announcement from residential property services company, incorporating both estate agency and surveying businesses, LSL Property Services (LSL) commences that the company “expects to report strong interim results on 2nd August… delivering growth across all major revenue lines” and that “the group performed strongly in quarter one”. Good, goo… what’s that? “full year group operating profit will be significantly lower than previously anticipated”

Fitbug – snubbed open offer gives directors chance to demonstrate their confidence, BUT…

Published 181 days ago

“Further to the Result of Open Offer announcement of 20 July 2016, the directors… of (Fitbug, FITB)… have indicated their intention to subscribe, at a price of 0.25p per share, for certain open offer shares that have not been subscribed for by qualifying shareholders”. Good, good – a chance for them to demonstrate confidence in the June results statement pronouncement that “the building blocks of a successful business are now in place” then? Erm…

Petropavlovsk: Trading statement and company chat

Published 182 days ago

Most gold shares have soared over the past few months. Petropavlovsk (POG) shares, which we own, have not. At C7p we are ahead of our tip but not by much. It is disappointing and we apologise. But we have not lost faith. There are reasons for the lacklustre showing which came through in a first half trading statement and in a long chat with CEO Pavel Maslovskiy and chairman Peter Hambro.

AO World – shares ahead on Q1 trading statement. Hmmm…

Published 182 days ago

Having long been bearish, I note shares in online electrical retailer AO World (AO.) are currently more than 10% higher today, at 148p, on the back of an AGM (and first quarter) trading statement. Let’s take a look…

Fastjet – Fund managers request to pay more because they don’t want to own too many shares

Published 182 days ago

The remarkable placing document which has finally been released says more about Fastjet’s (FJET) hapless shareholders than it does about the company itself.

Nichols - Britain's answer to Coke keeps powering ahead, but when should investors buy it?

Published 182 days ago

ShareProphets readers already know that they have the chance to buy into Coke’s long-term success through buying shares in Coca-Cola Hellenic (CCH). But there is always the choice to buy into Britain’s own answer to Coke, the humble but long-term success story that is Nichols (NICL).

Tom Winnifrith Bearcast: £2 for a fecking Guardian "Newspaper" for my Dad, I feel dirty & violated

Published 182 days ago

I had to buy another Guardian for my Dad today. Two fecking quid of my money has gone to Polly fecking Toynbee to pay for the upkeep of her fecking Tuscan castle as she lectures me about all sorts of shite. I feel dirty for buying this rag and violated by the transfer of wealth from me to Toynbee. Moving on I cover Gulf Keystone (GKP), FairFX (FFX), Osirium Technologies (OSI) which I do not get at all and contrast with Falanx (FLX) which I do very much get and whose shares we own. I also look at WH Ireland (WHI), Servision (SEV) and Easyjet (EZJ) which gives me a chance to be rude to Andrew Monk at VSA Resources.

Monitise – MONI, MONI, MONI, another “Trading Update” that’s not funny for shareholders

Published 182 days ago

Long-time specialist in draining shareholder money (sorry, “specialist in financial services technology focused on accelerating the digital transformation of banks and financial institutions”), Monitise (MONI) commences the first two bullet points of a trading update with “in line with previous guidance”, though the last includes that it “expects FY 2017 revenue to be lower than FY 2016 as a result of the continuing transition for the business”. Uh oh…

Falanx Group - Dismal Results but that is no shock - future bright: Buy

Published 182 days ago

Falanx Group (FLX) says that its results for the year to 31 March 2016 were in line with expectation. Put another way, they were predictably dire with sales coming in at £1.81 million, down from £1.92 million) and the loss before taxation hitting £2.65 million, up from £2.20 million. However...

Renold plc – review of post-profit warning AGM & “Directorate Change” announcements

Published 183 days ago

Having warned on profit in February – as reviewed HERE, today there is an AGM update and a “Directorate Change” announcement from industrial chains and related power transmission products company Renold (RNO). Let’s take a look…

Boxhill Technologies: Oink, oink - troughing of the highest order

Published 183 days ago

I noticed that Boxhill Technologies (BOX) issued a notice of its AGM on Tuesday asking for approval of a significant option scheme, but thought I’d wait to see the detail in the actual notice before commenting. Not good!

Wizz Air - The Ryanair of the East posts top results: Buy!

Published 183 days ago

Those who have read our coverage of Fastjet (FJET) on this website know that we have no qualms about warnings investors away from worthless airlines. But I believe there are worthwhile alternatives, and Wizz Air (WIZZ) happens to be one of them. The airline today posted record Q1 results.

Challenger Acquisitions – Good news, some money…..but just a couple more questions

Published 183 days ago

Potentially good news coming out of Challenger Acquisitions (CHAL) this morning, although it does beg a few questions if you don’t mind me adding them to my list, Mark?

Xtract Resources– Wow, could Jan have written a worse RNS??

Published 183 days ago

Just when the long-suffering shareholders of Xtract Resources (XTR) thought things couldn’t get any worse, they’ve been absolutely stunned by this morning’s RNS. Well, they say it’s good to get all the bad news out at once, right? Let’s take a look at it in detail.

Galliford Try, Kicked in the Teeth by Brexit Could Be Worth a Try

Published 183 days ago

Hello Share Swaggers. I've been looking at shares which suffered rather too much in the light of the Brexit vote. This kind of unlucky stock may now be a bargain, and some have already made big strides towards restoring their former glories. Today I look at one of my favourite house building companies, Galliford Try (GFRD).

DP Poland – trading update emphasises “confidence”, but what about valuation?

Published 184 days ago

Last commenting on the company with the exclusive right to Domino's Pizza stores in Poland, DP Poland (DPP), I was sceptical of the valuation (and management greed). However, a “Trading Statement” announcement today sees the shares further higher. Hmmm…

IG Group - Why don't more of us own shares in this top quality business?

Published 184 days ago

IG Group (IGG) is a company I’ve long admired and whose shares I’ve occasionally purchased on behalf of those I’ve worked for. It’s a truly unique business and has ploughed its own way through financial market volatility, achieving record results. The only question remains why so many of us who occasionally use this type of service, and so understand how the business works, aren’t invested in it too.

Brady – half year trading update review following my recent CEO chat

Published 184 days ago

Following my recent chat with its CEO Gavin Lavelle, provider of energy, commodity and recycling software, Brady (BRY) “is pleased to provide a trading update for the half year to 30 June 2016”. Let’s take a look…

Stanley Gibbons: Good news and Bad

Published 184 days ago

In a detailed update there is good news and bad from Stanley Gibbons (SGI). Let's start with the good news as it has been rare in coming from this company of late.

CloudTag – A disappointing “jam tomorrow” stock since 2013

Published 184 days ago

Being one of the few writers on ShareProphets yet to comment on the stock du jour of rampers everywhere (see HERE for the full coverage), I thought I’d take a visit down memory lane and see what lessons one can learn from CloudTag’s (CTAG) history. Guess what, it’s been promising jam tomorrow from the beginning.

Mirada – CEO “pleased to present” full-year results, though shares down 9.5% in response. Hmmm…

Published 184 days ago

The CEO of provider of software for digital TV Mirada (MIRA), José Luis Vázquez, is “pleased to present the group's financial results for the year ended 31 March 2016”. The shares are though more than 9.5% lower, at 4.75p, in response. Hmmm…

Steve's Dead Right. ARM Could Trigger More Take-overs. Here Are some Possible Targets.

Published 184 days ago

Hello Share Scrunchers. It always encourages me when my colleague Steve Moore, a modest sort of chap who is very tuned in to our golden game, has the same thoughts as me. Even more so, as we don’t always agree. But when he says that the takeover of ARM Holdings (ARM) is good news not just for ARM holders, but the share investment world as applied to the whole of the UK, then I totally concur.

Conviviality - Final results do little to dispel sense of risk

Published 185 days ago

Shares in Conviviality (CVR) are up by over 10% to nearly 200p today, although they are still somewhat lower than when I covered the company in May. The final results published this morning suggest that investors should continue to be very cautious about making an investment here

Challenger Acquisitions – Just one question then, Mark, have you paid the £1 million you owe?

Published 185 days ago

Another week and at least two more soft interviews for Mark Gustafson, CEO, of Challenger Acquisitions (CHAL) this time at ProactiveInvestors (again) and yet another “mauling” from Zak Mir on TipTV. Desperation at all-time highs but surprisingly no-one asked the critical question: have you managed to pay the €1.25 million you owe the ex-Starneth shareholders?

Christie Group – hopefully my warning was heeded, as it’s now profit warning ahoy!

Published 185 days ago

On a 15th June AGM statement from provider of professional business services and stock & inventory systems and services, Christie Group (CTG) I concluded that “there looks significantly elevated risk here. As such, at this juncture this looks one to avoid. Sell.” Hopefully this was heeded as a “Trading Statement” announcement today includes that “operating profit for the year ending 31 December 2016 is likely to be lower than previously expected”...

ARM Holdings – recommended offer; from Acorn, a mighty oak has grown, more such takeovers to come?

Published 185 days ago

In 1987 Acorn Computer Group’s ARM processor emerged as a first ‘Reduced Instruction Set Computing’ processor for low-cost PCs and in 1990 Advanced RISC Machines (ARM) was spun out to focus on the creation of a new microprocessor standard. Today ARM is pleased to announce a recommended £24.3 billion takeover by Tokyo-headquartered SoftBank Group & so it should be…

Bargains Store Could Be Bargain for Share Shifters, too.

Published 185 days ago

Hello Share Twiddlers. One of my favourite stores in my nearest big town is B&M (BME). It is a natural successor to Woolworths, which used to be my number one store. Yes, we all know what happened to the high street Woolworths, but in dark times, which many of our citizenry claim to be experiencing, it’s the stores which offer bargains that are most likely to thrive.

Strat Aero - taking the piss: placing ahoy

Published 186 days ago

Sometimes I wonder if certain AIM Casino listed companies think that we are all stupid. Maybe I am being harsh, after chatting to the morons who populate certain Bulletin Boards, one can understand how a company might leap to that conclusion. And that brings us to Strat Aero (AERO) which really is taking the piss as it calls an AGM and asks for permission for a sub-division of its shares, before then spouting horseshit.

Cloudtag - I'm out

Published 186 days ago

Cloudtag (CTAG) has no doubt captured the hearts and minds of many retail investors. So far this weekend (writing on late Sunday morning), more than a hundred comments have been posted on the LSE bulletin board.  For whatever reason, the other bulletin boards are much more sedate on the topic.

Notes from Underground: Malcolm in the Middle

Published 186 days ago

I have only question this week - and that is what does Malcolm Stacey think of the Caption Contest run in his absense when he went on holidays. Some of you guys were just cruel. Hilarious, sure. But cruel.

K3 Business Technology - Trading Update, our share tip 100%+ ahead but stance upgraded to buy

Published 187 days ago

Drat. There is that phrase again. Results for the year to June 30th 2016 are expected to be "broadly" in line. That is stockmarket speak for "a near miss". No wonder the shares fell a tad on the announcement to 310-333p. We are well ahead of our 148p offer share tip but down on a few months ago.

Mothercare - The turnaround story which might finally be on the turn

Published 187 days ago

Mothercare (MTC) has been a potential turnaround story for the past several years, and has doubtless tried the patience of many long-suffering investors. Thursday saw the release of a Q1 trading update.

Shares in Smaller Firms Still Suffering from the Brexit Vote Could Rally Soon.

Published 187 days ago

Hello Share Plasterers. Before the Brexit result, I opined that shares would topple, but then make a quick recovery. I didn’t realise then how the bounce back would be much more than a recovery. Shares reached an 11 month high. And yet the BBC continue to broadcast doom and gloom comments that the British economy is now in a perilous situation. The healthy Footsie belies that sort of talk.

dotDigital – positive trading update, but are the shares a buy?

Published 188 days ago

Shares in provider of email and marketing automation software and managed services to digital marketing professionals, dotDigital (DOTD) are on the rise on the back of a trading update for the company's year ended 30th June. Let’s take a look…

Cyan Holdings - Share issuance for salaries and bonuses an ominous sign

Published 188 days ago

Cyan Holdings (CYAN) has issued an unusual RNS this morning, outlining the shares received by directors and some other employees in lieu of salary and bonuses. As this type of situation is not sustainable in the long-term, one can only conclude that the company’s financial position puts it at high risk.

BrainJuicer – half-year trading update notes “generally encouraging” top-line growth, BUT…

Published 188 days ago

Market research agency, BrainJuicer (BJU) has announced “generally encouraging” top-line growth and that half year “operating profit increased by some 41%” BUT…

1Spatial - new contract win: buy

Published 188 days ago

1Spatial (SPA), the global spatial software and solutions company which manages the world's largest spatial data, has announced that it has won its third contract to provide geospatial solutions to a US Federal Government Agency.

Begbies Results, no red flags: Buy

Published 188 days ago

Insolvency, restructuring and property services group Begbies Traynor (BEG) has announced results for its year ended 30th April 2016 and that, although cautious, “the recent acquisition of the Pugh auction business, together with the Taylors valuation business, gives the opportunity for growth in earnings in the new financial year”.

WANdisco – where now following confetti issue approval?

Published 188 days ago

Having recovered back above 150p at the start of this month, shares in unique cash-burning machine (sorry, “unique… provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability”) WANdisco plc (WAND) have slipped back with the company having received General Meeting approval for a confetti (sorry again, equity) issue…

The Legal Has Landed, but Could Take Off Again Soon

Published 188 days ago

Hello Share Twiggers. For the last few trading sessions, I’ve been looking at jolly good companies where the stock has been oversold in the wake of Brexit and various other unusual situations. Today I bring before you Legal & General (LGEN). The massive insurance company made a slow but sure recovery after disaster hit financial stocks in 2008. Consequently my post-crash investment increased by 200%. Then things suddenly went a bit pear shaped.

DX Group – 9:14am “Trading Update and Board Change”. Hmmm…

Published 189 days ago

Parcels, mail and logistics group DX (DX.) has announced a strangely timed (9:14am) “trading update for the year ended 30 June 2016, including its proposed new central hub and contract with Her Majesty's Passport Office. In addition, it reports a change to its board of directors”. Hmmm…

Digital Globe Services – CEO reckons “pleased with the overall growth of the business”, but for investors it’s over to Beyoncé & Jay-Z…

Published 189 days ago

Provider of customer, lead, and inquiry acquisition and digital media services, Digital Globe (DGS) commences a “Trading Update” noting that it “expects to deliver revenue for the year of approximately $48.0m (FY15: $40.3m), marginally ahead of market expectations”. Good, good … “gross margins experienced compression in the second half of the year due primarily to increased marketing spend”. Uh oh…

Cloudtag Placing (quelle surprise) so when's the next one?

Published 189 days ago

CloudTag (CTAG), the company that produces jam tomorrow and is ramped by a legion of pea brained inbred imbeciles with a collective IQ of less than your average tomato has announced yet another placing, this time raising £800,000 (before costs) at 5.25p. Hmmmm.

Falanx: Buy at 3.25p - target 8p: broker Whitman Howard initiates coverage

Published 189 days ago

We own these shares so clearly we are not impartial in what we say about the most incredibly brilliant and perceptive broker report in history. That was my little joke before Wildes reports me to the FCA again. Anyhow Whitman Howard has published a detailed not on Falanx (FLX) as it initiates coverage. Analyst Christopher Furness says:

Gulf Keystone: shareholders lose 95.5% of the company: vindication ( again) for the Sheriff!

Published 189 days ago

Its apology time. To all those morons who have berated me for being a Gulf Keystone (GKP) bear from 180p down it is time to apologise. Today, Paul Curtis and the GKP barmy army have suffered the final kick in the gonads with news of a massive debt for equity swap which sees near total equity wipeout. Its ouzo O'clock for the Sheriff of AIM who awaits the apologies.

Serica Energy should be back in production soon

Published 189 days ago

I am often left struggling to find smaller oil companies that actually look a good investment, as opposed to just a gamble on a single big drill, or where all of the potential future value is in the ground with no actual plan or finance in place to get it out!

Samuel Heath & Sons – results a spin-free pleasure to read, bar post-Brexit vote outlook warning

Published 189 days ago

Firstly to thank the eponymous Chairman of builders’ hardware and bathroom products manufacturer, Samuel Heath & Sons (HSM) for a management statement which was a, most rare in these times, spin-free pleasure to read. However, the statement includes an outlook warning…

Photo Me's Picture of Health Develops into an Interesting Play.

Published 189 days ago

Hello Share Swappers. I know it’s not been long since I last featured Photo-Me (PHTM). This is the share that Uncle Tom characterises as my favourite. Well, it has made me a lot of money, after a very poor start yonks ago. The reason I return to it so rapidly, is that I am even more convinced that the present share price has room to move upwards. The share reached a high of 185p a few months ago. Then on June 21, three days before Brexit, it suffered. Though like many companies singled out for sudden punishment, the shares were oversold in a panicked situation.

Sabien Technology – GM to reduce nominal value of shares + “three month's cash to cover working capital”. Hmmm…

Published 190 days ago

Sabien Technology (SNT) has released the update provided at a General Meeting held today. Why the General Meeting? … “to effect a reorganisation of the company's share capital… the nominal value of the company's ordinary share capital needs to be reduced in order to allow the company to issue new ordinary shares should it decide to do so”. Hmmm...

STM Group – “Trading & Corporate Update” = Profit Warning

Published 190 days ago

“Trading & Corporate Update” announcement from cross-border financial services group STM (STM) notes that “in April 2016, management took the decision to waiving the Qualifying Recognised Overseas Pension Scheme establishment fee for an initial trial period of six months, with the aim of driving new client business” and that “good progress has been made in generating these new relationships”. Good, good. You what though?, “the revenues generated within the first half of the year have not matched management's expectations with regards to the level of new business anticipated from our QROPS product”

Trinity Exploration shares suspended - Citibank finally pulls the plug

Published 190 days ago

For months and months Trinity Exploration (TRIN) has been in default on loans taken out with Citibank. Investors who declined to sell the worthless shares seemed to believe the truism that "If you owe the bank $1 you are in trouble, if you owe $1 million the bank is in trouble" as Citibank - which was actually owed $13 million declined to pull the plug. Until today. Instead of the normal weekly rollover announcement we are told:

RhythmOne (née blinkx) – under “Financials” states is “to exceed management expectations”, BUT... Cue Ronan again…

Published 190 days ago

“First Quarter Trading Update” announcement from RhythmOne (RTHM, née blinkx). First section: “Financials… Q1 2017 performance is expected to exceed management expectations”. Ok, let’s take a look at the numbers then. Oh!…

There's Strength in this ARM - But It's Never Wrong to Take a Profit

Published 190 days ago

Hello Share Knockers. We are all - or should be - wary of investing in firms which produce fancy stuff for the technology market. Yes, we are only just approaching the frontier for innovation in personal computers, mobile phones, virtual gaming and all the rest of it, but it is still a risky speculation for share shifters like us. You just never know when someone is going to come up with an idea which makes what your company does obsolete. Yet one firm I've been prepared to invest in without losing sleep is ARM Holdings (ARM).

New River Retail - Bull Case Intact as Shares Cheapen

Published 191 days ago

New River Retail (NRR) has issued a strong first quarter trading update which shows continued operation progress at this growing REIT. Even better, Brexit-related share price weakness looks to have created a potential buying opportunity for watchers of the shares.

Orchard Funding – from “pleased with how the business has grown since flotation” to “below market expectations” in less than 3 months

Published 191 days ago

1st July 2015: “Orchard Funding Group (ORCH)… is pleased to announce its flotation today on the London Stock Exchange's AIM market… will enable the business to grow to its full potential and become a leading lender in the insurance premium finance and professions finance market”14th April 2016: “we are pleased with how the business has grown since flotation”Today: “the company's trading performance for the current financial year is expected to be below market expectations”. Uh oh…

Frontera Resources shareholders will be diluted into oblivion!

Published 191 days ago

In a market filled with companies that have wasted a small fortune and haven’t got a lot to show for it, Frontera Resources still manages to stand out from the rest as having taken both to a new level!

Lombard Risk Management – the spin has been devious & is now ridiculous…

Published 191 days ago

Having pissed on private investors (followed a results statement noting “a position of strength” and “great confidence and the announcement of a “Significant Contract Win” with a discounted fundraising), Lombard Risk Management (LRM) has further updated...

Sub-Standard Shockers XI Euros review – hmmm, more England then Portugal

Published 191 days ago

With the Euros coming to a close, it’s appropriate to assess the performance of the Sub-Standard Shockers XI over the last month or so. Well, you know it hasn’t gone well when the best performers are those that have been in suspension for the period.

Avanti Communications announces strategic review - aka - "we are fecked"

Published 191 days ago

Oh dear, this is the end for you my friend....Avanti Communications (AVN) has announced a "strategic review". In other words it has admitted that it s well and truly fecked. Shareholders should, whatever the weasel words of the RNS, prepare for wipeout. This is - as we pointed out in a 25 minute presentation at UK Investor Show, a zero. The statement is typical King of the Bombast David Williams horseshit.

Brexit Banged the Banks - But Here Are Reasons Why They Could Bounce Back

Published 191 days ago

Hello Share Scrummers. In my humble opinion, British banks are among the biggest bargains in Shareland at the mo. Though I was in two minds about foisting this opinion on you, as banks have a marvellous talent for letting us down. They’ve been doing that steadily since the big crashes of 2007 and 8. But I really do think the shares have been oversold since the result of the Brexit vote. They fell a heck of a lot. Without their failure, the Footsie which eventually rocketed on the decision to leave the EU, would have been near the elusive 7000 level by now.

Surface Transforms – annualised revenues of £10m-£12m in sight. Er, not quite…

Published 192 days ago

Carbon ceramic brake discs company, Surface Transforms (SCE), has announced a “Pre-Production Technology Development Agreement”, including “expected annualised revenues after start of production reaching approximately £10m-£12m on mature volumes”. The shares are currently up approaching 9%, to 18.75p, in response. Hmmm – let’s take a look…

Swallowfield - The Unilever of the Future?

Published 192 days ago

Shares in Swallowfield have bounced more than 5% today after a positive trading update which suggests that profitability will be “towards the upper end of expectations”. This looks like another high-quality AIM stock which doesn't get the attention it deserves.

Goldplat – “not yet in a position to advise” on results for its year to 30th June. Hmmm…

Published 192 days ago

Having been rising nicely from a start-of-the-year sub 3p, this recent trend in the shares of Goldplat (GDP) has been de-railed somewhat currently today on the back of an announcement which includes that “the company is not yet in a position to advise whether its annual results for the year ended 30 June 2016 will be in line with market expectations”. Hmmm…

Highlands Natural - the joke Helium deal with Opera collapses - the lies go on

Published 192 days ago

A month ago Highlands Natural Resources (HNR) announced that it had sold some assets it had bought days previously for $91,000 for £4 million in shares in fellow standard list dog Opera (OPRA) as well as £240,000 in cash. Today that joke deal has collapsed leaving Opera desperately seeking another acquisition and with its credibility in tatters and Highlands needing to explain the lies it has told.

H&T Pawnbrokers – Still as good as gold

Published 193 days ago

Yesterday, I explained why I think gold-bugs should pay closer attention to the pawnbroking sector, and mentioned that H&T Pawnbrokers (HAT) is currently more than 20% of my stock portfolio. Today, I’ll take a look at the trading update which H&T released on Thursday, and see if the investment case still stands up.

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