Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Tom Winnifrith Bearcast 22 January

By Tom Winnifrith, The Sheriff of AIM

22 January 2015 06:08

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In today's podcast I cover David Lenigas firing Hume capital, TXO (toast I suspect), Jiasen & Gowin New ( China toast to come), Monitise (vindication almost complete after latest profits warning), Quindell (loons, toast to come) and Oxford Instruments (shoot the PR, visibility nil, bargepole).

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Comments

sherlock

22 January 2015, 07:21

Oxford Instruments – alas it’s a bit of a one trick pony (superconducting magnets for MRI machines back in the mid 1980’s) that has struggled to get research scientists to pay anywhere near as much as medical companies and hospitals were able to. Occasionally they hit gold when a new atom smasher or fusion experiment is being built but in-between times it’s definitely a story of boom then bust. A year ago the SP was at 17.50 , now it is down 55% – all somewhat of an indictment of their management.
drunken sailor

22 January 2015, 13:17

TXO is a catch 22 – there will be no fund raise until there is a new Nomad (as you say), but until there is a fund raise they do not have the cash to pay a new Nomad and broker (or the auditors to audit the accounts to 30 Sep 14!). Whilst I agree ZAI would probably take them on without due diligence (if they were to do a scrap of DD they would not touch it with a barge pole) they most certainly won’t take them on without a nice fat retainer up front.

99.9% certain to be toast
invetigate

22 January 2015, 16:40

Slater and Gordon likely to be very angry with Quindell.

Slater and Gordon release to ASX said discussions were preliminary and incomplete on possible disposal of an operating business of Quindell. the only thing agreeing to at moment is a file transfer transaction. This was not material.
http://www.asx.com.au/asxpdf/20150123/pdf/42w4d87sk12pfl.pdf