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We review the performance of the top shorted London-listed shares as at the start of each year. For 2018 that review is HERE and, from the FCA's spreadsheet of short positions required to be disclosed to it, we now have the top shorted London-listed shares at the start of 2019 (those in bold remain from 2018)...
In today's bearcast I have a hot rumour about Neil Woodford and I look at a moron called Craig who owns shares in Independent Oil & Gas (IOG) and is a classic moron. I look at that company at Circassia (CIR) - a Woodford dog - and at Gear4Music (G4M). Tomorrow I take my family and my son Joshua's godfather Lucian Miers to the London Stadium to see mighty West Ham in the cup so I'm not sure when Saturday copy will arrive.
In September, previously writing on 7digital Group (7DIG) I questioned a “global leader” with Universal Music contract wins? – with it seeing me question AIM-listed companies which claim ‘global’/‘world’ leader an automatic bargepole / sell?. An intra-day (Uh oh) “Update” today commences that the group “is pleased to confirm”… but the shares are currently more than 50% lower, below 1p!…
These days I tend to avoid oil companies at the bottom end of the AIM market as usually the risks aren’t worth the rewards, and the majority of them do nothing but fleece investors over a number of years without ever achieving anything of note.
Previously writing on online musical instruments and equipment retailer Gear4music (G4M) in September as the shares slid below 600p, I concluded such a rating demands at least growth as anticipated; not “slower than anticipated” roll-out, “gross margin compromise” and potentially worse – and, even without all that, is still likely highly dependent on a continued bullish stock market. As such, at this juncture, I avoid. The shares are currently sliding below 300p on the back of a “Trading Update”…
Yesterday I pointed out that the ultimate benefactor of AIM Cesspit listed Independent Oil & Gas (IOG), was blocked from doing any activity after an FCA raid and that created real issues for Independent. The company and its scumbag Nomad FinnCap (FCAP) has responded with a statement that quite simply misleads investors. That should tell you everything…SELL!
Is it the kiss of death? Last night it was announced that Neil Woodford had upped his stake in struggling AIM-listed yacht maintenance outfit GYG from 23.43% to 24.08%. Readers might recall that this tactic rather backfired with fully-listed Kier Group (KIE) and Purplebricks (PURP) and..the list goes on and on.
Having previously noted a respectable showing from the start of 2018 top shorted London-listed shares, how was the performance of the AIM shares then shorted?...
Hello, Share Tweakers. Next (NXT) is another retailer that realises online sales are becoming more dominant over high street stores. And that has paid off. A last-minute burst of computerised Christmas shopping has been especially beneficial, according to the clothing giant.
In today's podcast I explain domestic disturbances caused by the need to move to the Grim Northern welfare safari and to be closer to my mother-in-law. Oh happy days. In the podcast itself I look at FinnCap (FCAP), IQE (IQE), UK Oil & Gas (UKOG), Amur Minerals (AMC), Cabot (CAB) and Corero (CNS) a most almighty sell however you look at it.
There is probably no more irritating an adage than the old Wall Street one which says “no one rings a bell at the bottom or top of a market” … but it does highlight the purpose or value of making a trading call - or if you prefer (as it is the season for it) … in making a forecast.
Oh dear. Oh dear. For those beguiled by the shoddy analysis of thirsty Paul Scott into buying shares in IQE (IQE), things are set to go from bad to worse. Much worse. Last night Apple issued a first quarter sales warning.
Last year Britain’s most conceited fund manager, whose flagship fund is ranked 241/241 for performance, Mr Neil Woodford filed accounts 11 days before the deadline, on 20 December. This year Woodford Investment management has yet to file its accounts for the year to March 31 2018. It is late. It will be fined. The FCA will be having kittens. You want proof?
Wakey wakey London’s second worst Nomad! Your client Independent Oil & Gas (IOG) could be about to crash land in tits up alley. A statement is needed NOW after the FCA swooped on its ultimate benefactor. What, you mean Finncap’s (FCAP) Nomad clowns didn’t realise? Jokers. Poltroons. Not fit for purpose.
A “Trading Update” from Corero Network Security (CNS) emphasising “order intake for 2018 is expected to be approximately 20% higher than 2017, driven by record order intake in H2 and the final quarter”, “SmartWall revenue growth of approximately 20% over the prior year” and “significantly reduced EBITDA loss to approximately $2.5 million”. The shares have currently responded, er, approaching 6% lower to 12p…
At 5.09pm last night, no-one-is-watching o’clock (natch), The People’s Operator (TPOP) announced that it had filed a notice of intention to appoint administrators – we are told this will happen within ten days. Of course, readers of ShareProphets have known this was coming for some time (not that the company has been falling over itself to make that clear). The decision was taken on New Year’s Eve – so how on earth did it take until 5.09pm yesterday to announce it (after everybody had gone home for the night)?
Happy New Year and all that...it is good - as a larger-cap share watcher - to finally have some proper and pukka newsflow to write about again. It was getting dangerously close to me having to write about the millennial bleating about how stock markets shockingly could actually go down. The even better news is that you do not have to suffer one of my subjective retail runaround pieces akin to my mid-December musings HERE. Back then I observed that;
Most material on twitter is unadulterated junk. But there is the odd gem. In the case of Tesla (TSLA) where the sell side analysts are all paid bulls, some of the best insight is on twitter. Like Lucian Miers, I regard this company as an accident, no an outright car crash, just waiting to happen. In that vein I bring you a most instructive series of tweets yesterday from @Polixines13 who knows his or her onions.
Hello Share Chasers. Findel (FDL) is an unusual sort of company, combining two very different areas of business activity. It sold a lot of Christmas bits and pieces in the Yule countdown. Its less seasonal products include clothes, toys, furniture and kitchen stuff. The other arm is the Findel Education department. This supplies things to schools. The only common denominator which comes quickly to mind is that children’s needs are a large part of its custom.
In today's podcast I explain why own in-house Bulletin Board Moron Wildes has disappeared, how I am considering kidnapping the Chavs cat, a forthcoming contest and then I look at Amur Minerals (AMC), MX Oil (MXO), Audioboom (BOOM) and Online Blockchain (OBC).
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